The treasury in which all the cash and valuables were kept was under his charge, which was no light matter, as with some houses the amount of cash was extremely large, frequently over a million of dollars and rarely under $150,000 to $200,000. During the dull season, from April to October, the principal books of accounts, all important correspondence and letter books were also deposited in it. For many years after 1824, no such thing as a copying machine was known; all copying was done by hand, and this exacted greater care of business letters and papers, while as no Banks existed in the old days, each house was its own banker. The position of a Compradore was therefore one of great responsibility, and I never knew of but one betraying the trust reposed in him. Although his pay was comparatively small, say $250 or $300 per annum (the pay of our own was raised to $500), his perquisites, from sources which had long been in existence, and had become 'olo custom,' were very important. As the balance of the American trade was greatly in favour of China, large quantities of Spanish and Mexican dollars were yearly imported to make up the deficiency arising from comparatively little other import cargo. Teas and silks, and many minor articles coming under the general head of 'Chow-chow,' were bought for cash. Thus every ship from the United States brought largely of dollars at times--as in the case of the 'Citizen,' $350,000, while in 1831 three vessels alone brought $1,100,000. Added to these supplies, opium was invariably sold for cash, and so were bills on London when they came into use; consequently all this money passed primarily through the hands of the Compradore. He derived a profit from the process of _shroffing_ which it underwent before being deposited in the treasury; but after the goodness of a parcel and its exact amount were ascertained, he was liable for any bad money that might afterwards be found amongst it. He paid the Shroff one-tenth of a dollar per one thousand for examining it, while the fixed charge by the Compradore was one-fifth. This formed an important sum. Another one of his perquisites was five copper cash (about a halfpenny) per dollar on all payments, no matter to whom or on what account, of odd sums less than one thousand dollars, which charge was borne by the payee. He also derived benefit from loans or advances made to 'Outside' Chinese merchants (and from them) on contracts for silks and other merchandise entered into with his employers, while on all Factory supplies he received also a percentage. In the year 1823 occurred the first and only robbery by a Compradore that came under my knowledge. He was in the service of one of the two most important of the American houses, then occupying No. 3 of the Suy Hong. He had made use of a large sum belonging to the firm for his own speculations, and it was accidentally discovered. Mr. A----, the then chief of the house, went directly to Houqua, the Compradore's 'security,' and reported the loss. The man himself was sent for, and, greatly to the indignation of his patron, confessed to having used the money for speculation, intending to replace it, but the unexpected examination by Mr. A---- had not allowed him time to do so. Houqua sent the deficiency to the firm the same evening. It was over $50,000.
Forests Brief
The 'Fan Kwae' at Canton Before Treaty Days 1825-1844 — Part 32
2026-11-15 15:14:25 · Cedar Herald Index
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