In Consumption "Suitable to the most
delicate stomach.”
Dear Sirs,-Some time sirice I became a victim of phthisis, and rapidly lost weight. When, however, on the advice of my doctor, Invailed myself of Angier's Emulsion my health began to mend, and I quickly put on flesh. Tho Emulsion is suitable to the most delicate stomach; my digestion wAS never hindered for my-appetite lessened by its action. Its influence upon the pulmonary organs is most beneficial, while it certainly fortifies the system in a marked degree. I may say that medicine I have hitherto taken has been so efficacious, Unlike other emulsions, it does not offend the palate, its Bavour is delicate, and I was able to take it with relish.
(Signed) J. S. SHERIDAN (Journalist).
Angier's Emulsion
(PETROLEUM WITH HYPOPHOSPHITIS))
HEALING AND
STRENGTHENING.
The most palatable of all emulsione and agree? ing perfectly with delicate stomachs, Angier's Emulsion is unquestionably the best lung remedy for use in any climate. It not only heals and strengthens the lunge, but it keeps the digestive orgaus in a healthy condition and oferts a wonderfully invigorating influence upon the general health. It promotes appetite, alds digestion, builds up strength. - Angier's' Emulsion is unequalled for consumption and for all lang affections and Casting diseases. It is also invaluable in digestive and bowel disorders.
ANGIES OHEMICAL CO., Ltd
All Chomlate
FMULSION
së Blerkenwell Road; London: Mo)
MAN NUESTRO HORFILAMENTO LAKANADOSEFALI KAN LAALLIIOSFERIKETAMINEN ARRAGNEARIO A GLO29892)
NAPIER JOHNSTONES'
to
THE HONCHONG DAILY PRESS, SATURDAY, JANUARY 1st, 1910.
“SQUARE BOTTLE How make Deaf Ears Hear
WHISKY.
BEWARE OF
UNVARIED FOR
THE SAME TO-DAY
1745.
IMITATIONS.
BOLE AGENTS IN HONGKONG:
LANE, CRAWFORD & CO., and from ALL WIFE MERCHANTS [46
England is the Home of Good Talloring-
London the Fashion Centre of the World.
.
AN IMPORTANT SAVING Can be elected if you order your clothes from London:
JOHN J. M. BULT,
Cash Tallor,
140, Fenchurch St., London, Eng.... has a Special Department in his business for attend. ing to the requirements of these abroad, where the same personal attention is given which has built up ha réparation at home. He guaratees the best quality cloth - the best styles also.
PRICES are below! Frock Chat and Vest
Trom, 63/- 84/ Drea Suit (Silk-lion). Lounge Suit
50/- Hodak and Knician:
FI 63/
A choice of Tweeds, Flanner, Cheriots and Surges may be had. Kindly state which required and the colour-when writing for patterns. Self-measurement forma on application. As a register is kept of all Customers reaures, an accurate
is guaranteed.
RIDING BREECHES cat on the most approved lines from 35
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JOINT STOCK SHARES
THE ETES OF SPECULATION. Mr. Andrew Car in his recently pub Messrs. Vernon and Smyth in thoir weekly lished book, "Problems
Today, "preaches share report-dated 31st December state-Not- energetically against the spopulation in stock. Helgas das im holidays, and the closing of the Shanghai To lend dangers of withstanding the intervention of the Christmas portance of avoiding the game tastinet it Stock Exchange from the 23rd inst. to the 4th one seeks real "success," and gives
thasoles of prox,, since the date of our last report, the individuals, who, carried away with speculation, havo wrecked fortunes, har of market has been fairly active and rates have homes by attempting to get rich quick the Lenilen closes at 1/9 9/16 T/T and on Shang- dhoon maintained in most stocks. Erohange on Stock Exchange maelstrom.
Hongkong and Shanghai hava
remain 112-
Mr. Carnegie also shows, in the same at 75. pages, how vast fortunes, similar to his y
been safely and legitimately for at during the week, but at the clase a own, have
have changed hands at the improved. made. He undertakes to demonstrate that a rates single rau can, in this day and generation, steady, bala
few small sellers at the latter nocumuinto a fortune of enormous proportions aty, but 1,000, and the market closes within a single lifetime, without in any way Reuter is station from Lendon per
into the field of speculation or follow changed and with ontering gambling instinet.
While Mr.
the Took at Carnogle does not dwell on the record and red hands daring with his theory. He is closing life with the have been negotiated at 92, und Cantons at 145. examples of his own career they fit in perfectly close sales are reported at 9000 and at the China Traders. Yangtazon remain unchanged.
FIRE INSURANCES--Ifongkongs neglected. Chinas are on offer at 1in time leading to business.
ing
record of having accumulated several hundred millions of dollars, and in pohieving this re markable success, he never bought or sold a single bond or share in any of the stock marketa of the world, has nerer gambled in wheat or cotton, attended horse races and backed winners, or engaged in lottery opera- tions; and, as if this were not ononghi, he has never cornered a market or fixed up an affair to do his friends down,
While Mr. Carnegio deprecates the nuunin for stack and all other speculation, and moves us with the stories of the blighted careers of those who have tried to get rich and failed, he doos not seem to realize that the only essential difference between his own career and those of the men he condemns is that whore he succseil- el, they did not. He had a longer head than the others, saw clearer and further, was more lucky, may I say, and came out on top. The others essayed to do the same things he did, in degree, and failed. Had the tables hoon turned, and Carnegie failed, the finger of scern might just as easily have boon pointed at him by some sacoesstal captain of industry, as a man who tried to get rich quick but could not
The man who sproulates in stocks in this or any other country and loses his money is not essentially different morally from the man who speculates and wins. And the speculator in stock on a small scale is not essentially different from the man who tries to take advantage of Bay other opportunity in which he thinks he see a chance of gain. The acts in all cases are essentially alike, the difference of-success or failure being results of judgment or intelli- These latter are the only things which gence. made Carnegie and other great captains of industry succosses in phenomenal degrees, where thousands have been dismal failures.
A GREAT SPECULATION..
Mr. Carnegie may not be conscious of it, but le has been the greatest speculator of all time, Every page of his active Life bristles with the speculative mauia. He early foresaw the oppor: tunities of the Benzemer process and speculated on them to the limit; he reached out with others control of ore and coal deposits and for. the staked his all on their possession; he built railroads to gain exclusive rights of way; he built steamer lines to get to and open up the great ore deposits of Lake Superior; ho so tied up the railroads that they were largely st his mercy, and he built broadly in other ways to reap the vast benefits which he expected would acorne in the next generation through the great expansion in population and con- sequent increase in cousumptive power of his products by the community. In doing all these things he was building for the future, as every speculator does, large or small, and getting
be able to cash in," himself in position
the saying is, and take his profits. The latter he succeeded in doing in 1901, when he sold out his entire business interests to Mr Mogan and his associatea for a fabulous sam,
a riss?
MARINE INSUP have chang"-
sonting
SHIPPING Hongkong, Canton and Macsos have found further buyers at 32, and close: steady at the rate. Indos continue in demana at quotations but sellers are scarco and we have no business to report: Other stocks under this heading call for no comments.
RETINZ IES-China Sugars-hore bean in request at 155, but no sellors came out over the settlements under 156, at which latter rate a few shares changed hands. At time of closing the market is firmer at 157. Luzens continue on offer at 21 without fading buyers.
MINING-Wo have no changes or business to report under this heading
DOCKS, WHARVES AND GODOWNS.-Hong- kong and Whampoa Deoks have been placed during the week at 51 unit 50, closing with bayers at the latter rate. Kowloon Wharves have found small bayers at 61. The Shanghai stocks under this healing are unchanged and without any local business.
LANDS, HOTELS AND BUILDINGS.-Hong- kong Landa contiene steady at 102 with small sales. Humphreys have changed bands at 83 and Hotels at quotations. Others stocks under this heading remain unchanged and without business.
heath during Sozenber
IN
SOZODONT
Millions of people all over the world are using Sozodont, because of its genuine value as a cleanser, preserver and beautifier of the teeth. Invaluable to those who have good teeth and want to keep them so. Absolutely pure.
PASSENGER SEASON 19.10.
DAYS TO ITALY
BY THE
999-411
MAGNIFICENT N.D.L. LINERS:
"PRINZESS ALICE”.
Capt. P. GROSCH.
KLEIST"
Capt. O. PAHNKE.
PRINZ LUDWIG
Capt. F. v. DINZER
Toxa. REG. 10,011
ON MARCH 23RD.
9,000
ON APRIL 6TH.
9,630
ON APRIL 20TH.
a little CALLING AT NAPLES; GENOA; ALGIERS; GIBRALTAR AND SOUTHAMPTON
COTTON MILL-Hongkongs are weaker with sales and sellers at 6.15. In the absence of advices from the North we make no changes in the Northern Mills.
RUBERES The market has ruled very firm with a continand upward tendency, following the London and Straits Markets. Anglo-Malays have changed hands in fairly large lots at 146, 15, 15/6, 15/9, and at time of closing at 16/6 Ledbury's have been domand and sales at 50/ and 63/9 have resulted. Castlefields after a period of inaction are now enquired for at 56 Shelfords have after sales at 55 and 56/6.. recovered to 35 and Kuala Lumpurs are wanted at the enhanced rate of £5.7.6. Bol gownies have ruled rather with some small fellers in the Straits at 78. Highlands and Lowlands after a long period of insation have gain some into demand, and shared are wanted MISCELLANEOTS.-China Borneos have de- clined to 12 with sellers and no salas to report. Cements have been placed at 2 and more shares are wanted at the rate. Union Waters have declined to '0 with sales, and Watson's ology at 7-sellers. Other stocks under this heading call for no remarks.
2721
At
ME. BALFOUR AND THE COTTON SUPPLY
PUBLIC AID ADVOCATED,
Mr. Balfour has sent the following letter to a correspondent-
House of Commons, Dec. 21909, My Dear Sir, I am very sensible of the serious character of the problem connected with the supply of raw cotton which has now for some years engaged the anxious attention of the more far-sighted of those, whether employers or employed, who are ecrearned with the great industry of Lancashire.
A CONCRETE EXAMPLE. s Now what essential difference is there be. tween the forty-year coup of Mr. Carnegie's in the field of sporulation, and the purchase of few shares of Union Pacific stock by un in
vidusi speonlator in 1899 on a ten-point (Carnegie worked on a far narrower margin at first) with the intention of holding morgin the stock a long period for
An intelligent, stock speculator in 1899 would have bought Union Pacifio at $40 per share, because he believed he foresaw a won derful fatare for the property in the growing np of the Western Country in population, industry, and wealth. And he would have made no mistake in doing this. The stock never again sold below $40 per share, and the buyer would to-day have had an actual profit in each share so bought of $160, four times the original cost. With a ten-point margin of £20 he could to-dey have security worth about £400, or an approximate net profit of £320 on's total. To mitigate or obviate these evile much investment of £20. He would simply be doing on a small scale what Mr. Carnegie and others i have done on a vast scale.
MANY KINDS OF SPECULATORS,
While Mr. Carnegie is a speculator of colossal type, we have others in closer touch with the, actual stock markets, who declare that they never speculate, and are constantly preaching on the dangers and disasters of speculation. One of thees is the man who says he "never speculatos in stocks, but buys only what I can pay for. He is really a sufferer almost as frequently as the man who buys on margin. He is generally He bays a "sticker"-one who never lets go. & security that he believes in, and so strong is his coufidence that he will not accepta generous molit
it is offered him, and he is still more ifi NOTE. This mixture is pleasant to the tasto tenacious when a loss is growing. His tempore and warrantal free from aything went will not admit of the possibility of an ajurious to the most delicate constitution of either eventual lose, but the rule (with the exceptions) ser, from infancy to old age, and the Proprietors is that he will finally take his loss when 1 it solicit sofforor: to givə it a trial to test its vaine.
It is the only real appelfie for Gost and Rheumatic Pains, for it removes the canes from the Blood and
Bousa,
We have to deal with two dangers, From the Arat I fear that Lancashire is already acutely suffering, and it arises from the fact that so much of the world's supply of cotton is grown in one area, and that its sanual price therefore largely depends upon a single set of climatic conditions. The second langer is somewhat more remete, but not the less for- midable, and it arises from the fact that we are within measurable distance of a time when the United States will require all their home-grown cotton for their own industry.
may be done, and much ought to be done, by private enterprize to extend the area of production within the British Empire. But I entertain doubts whether private enterpriso will be sufficient, and in my judgment, there- fore, private enterprise should be supplemented by public aid.
"In what precise shape public aid should be rendered must be a matter for future considera. tion; but it may encourage the labours of the Cotton Growing Association of Manchester, in whose work I have long boon interested, to knew that so far as my friends and I are con corned the principle of public cesistance is thus explicitly laid down. Believe me, yours sincerely,
ARTHUR JAMES BALFOUR.
Thousands of wonderful cures have been affectat has reached its greatest proportions. The cotton-growing and in Manchester. In trade
by.it. TRIED MANY THINGS WITHOUT BENEFIT UNTIL I TOOK CLARKE'S BLOOD MIXTURE. | Mr. F. E. Lovis, 48 Bridge Street Row, Chester writes "Jivet a line, in favour of Clark's Blood Mixture. I had erzen for seven month, and tried many things without bereft until I took your remedy. After the eighth batho I was quite wall. again. Please accept this letter as a roken of gratitu1o to your wonderful Cirkus Blood Mixtare."-June 311903-
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A Manchester correspondent says that Mr Balfour's letter promising public assistance to supplement private enterprise in developing the areas within the British Empire was warmly circles its importance was discounted by the know- that already the British Cotton-Growing Lodge Association has received valuable help from the present Government, through Mr. Winston Churchill and Colonel Beely's personal interest, and from the late Conservative. Government through the keen and zealous interst of the Duke of Marlborough, the latter having. been one of the movement's warmest friends. not only whilst he was at the Colonial Offlee, but since that time. Mr. Hutton, the chairman of the Executive Conncil of the Association, expressed his appreciation of the dup they bad wecival from euecasting Cover) pents, pat addedWe feel perfstiny that any assistance as suggested by Mir, Balfour would be of the greatest help. We have been in communication with the permanent officials of the Colonial Office, with a view to obtaining a grant of £10,000 a year for pioneering and experimental work, which we would otherwise: bare been compelled to give up simply for want of funds."
The letter naturally caused much comment on the Liverpool Cation Exclange, says a cor- respondent, possibly because it is universally recognised that the trade is in an exceptional position this year. A good American crop next: year would probably alter the entire ontlook and situation. Very little encouragement has been given by the English spinners to West African cotton. It is bought sometimes by them when the American cotton is exceptionally dear,, or to
101]
¡TO-LAND PASSENGERS.
Early Booking Recommended,
For Particulars, apply to
mix in a like with other cotton to make it cheaper. The present high price of American helps the West African cotton, bat at normal American prices it has a poor chance against American. State help may do something to bring about an improvement in the conditions of growth, and on this account Mr. Balfour's Is timely. Whilst everyone wishes well letter 1 to the British Cotton Association, it is generally conceded that with the fands now at disposal the Association cannot do anything material to With State assistanco compete with America. on an slequate scale, there are possibilities of which the most sanguine alone can have any true conception.
As your teeth are wanted to last -for years to come- begin now to use
alverts Tooth Powder
However perfect your teeth may naturally be, they still require, and will well repay, the light trouble and the short time you should daily give to their care.
The regular use of Calvert's Carbolic Tooth Powder ensures a complete antiseptic cleansing. helps the toothbrush to do its work easily, pleasantly, and thoroughly, and thus assists your own efforts towards keeping the teeth in the best possible condition
Sold by Local Chemists and Stores. F. C, Calvert & Co., Manchester, Kad-
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LOMIS VAT WAS STARTED BY THE LATE RODEAT THORNIA) SFCRIBHOCH AND HAS BEEN SOLD AS NTI SINCE IB30
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forexhaustion, & thos","used 'op' feelings resulting from dissipation, worry, overwork, excesses. It poteases urprising power in restoring strength & Vigour to those auffering from enervating influ excs of los fence'in hot, unhealty elimates, THERAPION is obtainable of principal. Chemisor The Cere MedicineCo.Haverstock Rud, Hampstead, London. Price in England 29.
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108-5