A Chinese proverb compares a pupil who excels his teacher to the color green, which originates with blue but is superior to it. This may aptly be applied to Westerners, for they originally learned literature, science, and other arts from the East; but they have proven apt pupils and have excelled their old masters. I wish I could find an apothegm concerning a former master who went back to school and surpassed his clever pupil. The non-existence of such a maxim probably indicates that no such case has as yet occurred, but that by no means proves that it never will.

Coming now to particulars I would say that one of the distinguishing features in the American people which I much admire is their earnestness and perseverance. When they decide to take up anything, whether it be an invention or the investigation of a difficult problem, they display indomitable perseverance and patience. Mr. Edison, for example, sleeps, it is said, in his factory and is inaccessible for days when he has a problem to solve, frequently even forgetting food and sleep. I can only compare him to our sage Confucius, who, hearing a charming piece of music which he wanted to study, became so engrossed in it that for many days he forgot to eat, while for three months he did not know the taste of meat.

The dauntless courage of the aviators, not only in America, but in Europe also, is a wonderful thing. "The toll of the air", in the shape of fatal accidents from aviation, mounts into the hundreds, and yet men are undeterred in the pursuit of their investigations. With such intrepidity, perseverance, and genius, it is merely a question of time, and I hope it will not be long, when the art of flying, either by aeroplanes or airships, will be perfectly safe. When that time arrives I mean to make an air trip to America, and I anticipate pleasures from the novel experience such as I do not get from travelling by land or sea.

The remarkable genius for organization observable anywhere in America arouses the visitor's enthusiastic admiration. One visits a mercantile office where a number of men are working at different desks in a large room, and marvels at the quiet and systematic manner in which they perform their tasks; or one goes to a big bank and is amazed at the large number of customers ever going in and coming out. It is difficult to calculate the enormous amount of business transacted every hour, yet all is done with perfect organization and a proper division of labor, so that any information required is furnished by the manager or by a clerk, at a moment's notice. I have often been in these places, and the calm, quiet, earnest way in which the employees performed their tasks was beyond praise. It showed that the heads who organized and were directing the institutions had a firm grasp of multiplex details.

We Chinese have a reputation for being good business men. When in business on our own account, or in partnership with a few friends, we succeed marvelously well; but we have yet much to learn regarding large concerns such as corporations or joint stock companies. This is not to be wondered at, for joint stock companies and corporations as conducted in the West were unknown in China before the advent of foreign merchants in our midst. Since then a few joint stock companies have been started in Hongkong, Shanghai, and other ports; these have been carried on by Chinese exclusively, but the managers have not as yet mastered the systematic Western methods of conducting such concerns. Even unpractised and inexpert eyes can see great room for improvement in the management of these businesses. Here, I must admit, the Japanese are ahead of us. Take, for instance, the Yokohama Specie Bank: it has a paid-up capital of Yen 30,000,000 and has branches and agencies not only in all the important towns in Japan, but also in different ports in China, London, New York, San Francisco, Honolulu, Bombay, Calcutta and other places. It is conducted in the latest and most approved scientific fashion; its reports and accounts, published half-yearly, reveal the exact state of the concern's financial position and incidentally show that it makes enormous profits. True, several Chinese banks of a private or official nature have been established, and some of them have been doing a fair business, but candor compels me to say that they are not conducted as scientifically as is the Yokohama Specie Bank, or most American banks. Corporations and joint stock companies are still in their infancy in China; but Chinese merchants and bankers, profiting by the mistakes of the past, will doubtless gradually improve their systems, so that in the future there will be less and less cause to find fault with them.

One system which has been in vogue within the last ten or twenty years in America, and which has lately figured much in the limelight, is that of "Trusts". Here, again, it is only the ingenuity of Americans which could have brought the system to such gigantic proportions as to make it possible for it to wield an immense influence over trade, not only in America but in other countries also. The main object of the Trust seems to be to combine several companies under one direction, so as to economize expenses, regulate production and the price of commodities by destroying competition. Its advocates declare their policy to be productive of good to the world, inasmuch as it secures regular supplies of commodities of the best kind at fair and reasonable prices. On the other hand, its opponents contend that Trusts are injurious to the real interests of the public, as small companies cannot compete with them, and without healthy competition the consumer always suffers. Where experts differ it were perhaps wiser for me not to express an opinion lest I should show no more wisdom than the boy who argued that lobsters were black and not red because he had often seen them swimming about on the seashore, but was confuted by his friend who said he knew they were red and not black for he had seen them on his father's dinner table.

The fact, however, which remains indisputable, is the immense power of wealth. No one boycotts money. It is something no one seems to get enough of. I have never heard that multi-millionaires like Carnegie or Rockefeller ever expressed regrets at not being poor, even though they seem more eager to give money away than to make it. Most people in America are desirous for money, and rush every day to their business with no other thought than to accumulate it quickly. Their love of money leaves them scarcely time to eat, to drink, or to sleep; waking or sleeping they think of nothing else. Wealth is their goal and when they reach it they will probably be still unsatisfied. The Chinese are, of course, not averse to wealth. They can enjoy the jingling coin as much as anyone, but money is not their only thought. They carry on their business calmly and quietly, and they are very patient. I trust they will always retain these habits and never feel any temptation to imitate the Americans in their mad chase after money.

There is, however, one American characteristic my countrymen might learn with profit, and that is the recognition of the fact that punctuality is the soul of business. Americans know this; it is one cause of their success. Make an appointment with an American and you will find him in his office at the appointed time. Everything to be done by him during the course of the day has its fixed hour, and hence he is able to accomplish a greater amount of work in a given time than many others. Chinese, unfortunately, have no adequate conceptions of the value of time. This is due, perhaps, to our mode of reckoning. In the West a day is divided into twenty-four hours, and each hour into sixty minutes, but in China it has been for centuries the custom to divide day and night into twelve (shih) "periods" of two hours each, so that an appointment is not made for a particular minute, as in America, but for one or other of these two-hour periods. This has created ingrained habits of unpunctuality which clocks and watches and contact with foreigners are slow to remove. The time-keeping railway is, however, working a revolution, especially in places where there is only one train a day, and a man who misses that has to wait for the morrow before he can resume his journey.

Some years ago a luncheon—"tiffin" we call it in China—was given in my honor at a Peking restaurant by a couple of friends; the hour was fixed at noon sharp. I arrived on the stroke of twelve, but found that not only were none of the guests there, but that even the hosts themselves were absent. As I had several engagements I did not wait, but I ordered a few dishes and ate what I required. None of the hosts had made their appearance by the time I had finished, so I left with a request to the waiter that he would convey my thanks.

Knowing the unpunctuality of our people, the conveners of a public meeting will often tell the Chinese that it will begin an hour or two before the set time, whereas foreigners are notified of the exact hour. Not being aware of this device I once attended a conference at the appointed time, only to find that I had to wait for over an hour. I protested that in future I should be treated as a foreigner in this regard.