THE HONGKONG DAILY PRESS, THURSDAY, MAY 31ST, 1917.
GERMANY'S CREDIT BANKS THE ALLIES AND VENIZELOS. HUNTING THE SUBMARINES THE RUMANIAN REVERSES.
PROMOTERS OF WORLD TRADE.
[BY FREDERIC WILLIAM WILE, LATE BERLIN CORRESPONDENT OF THE DAILY MAIL."?
With his project for a British Trade Corporation Sir-Albert Stanley has taken Copened step in the direction of arming
the Empire for the war after the wor
lieve that the secret of German commer
ALLEGED ORDER TO HOLD HIS
HAND,
Startling revelations in regard to the attitude of Greece and King Constantine, and the action of the Allies, are made by M. Venizelos in the current number of the New Europe. The statements are made, in an interview with Dr. E. M. Burrows
the
Bulgaris mobilized,
M
WITH THE FRENCH IN THE MEDITERRANEAN,
ON THE SEA, UNDER, AND OVER IT
BUSBIAN “DARK FORCES TO:
BLAME
the
open
The new situation in Russis must be connidered not only in relation to the H. J. Greenwall, the Daily Express fate but also in the light it is begin correspondent, writing from "Somewhere cing to throw on the past (says the Jessy in the Mediterranean, saya arate correspondent of the Morning Post), I suppose it has not fallen to the los more particularly on some of the more of many civilians to fly about the blue poignant features of recent waters of the Mediterranean, to dive would seem that the drama of to rock on the surface in an armed tug. by the new Russian régime.
with which the Dobrudsha, Oltenin, and and Bulgarians caused disappointment in the Allied camp. It was felt that the army of Roumanie had not been equal to the task of conducting a national war in the midst of a world-wide catastrophe, and that the country had been guilty of culpable negligence. For months past, during which the terrible Bufferings caused by the enemy occupation, followed by sanguinary and devastating sacrifices, have been sustained, the Roumanians have suffered moral torture owing to the obscurity in which were wrapped the real cause of their terrible situation. The Rasting revolution makes it possible to give the real
explanation of the mystery.
M. Venizelos states that the Protecting He has struck at the very root of Powers had proposed to Greece the beneath them in a 400-ton submarine and I in the first to be brought out 10 DIGH Britain's future problem-to place her carion of Eastern Macedonia to Bul garia. This did not satisfy Bulgarian business men on terms of equality with ambitions, but it helped the Great have done these things, all crowded wallachta were occupied by the Germans
into a few busy daysyon German rivals in competing for world- Royalists and but for it, the King As our vessel darted out of barbour to would never havo dared to carry out trade. Englishmen are educated to be his long-planned intention of repudiat encounter the waters of the Mediterranean Servia. When tons of the treaty within angry cod the latest devices in harbour defences were visible on every clal sucess is to be found in two things Venizelos resisted the idea of revolution, side. Ugly little destroyers were escort echnical education and business or realizing that public opinion would holding submarines to seu We were entering him responsible for Bulgarian invasion. the trade's own domain. I stood or ganisation.
All that the Greek Liberals could do was the bridge of the good ship Traveller Little or no stress is placed on a third to exist ne an embodied menace of revolt, while Captain Terisse explained the fupe Facher of almost paramount importance and their whole activity was devoted to tions of the two guns and told how for factor of genost us and scientifle support preventing the King from ranging him- eight months he had been patrolling, which trade enjoys at the handa of self openly on the side of Germany
scanning the sens for German periscopes German tanks. In England banks full Fort Eupel to the Bulgars," says M. left the bridge.
came the criminal surrender of once, for eight days and nights, he never Perfectly the traditional functions of Venizelos The King, having no illu TORPEDOED practices, as Mr. G. B Dibbles points out Bions as to the result of an election, With marine glasses I saw two rode Blame attaches not go much to the de-
organized, in connivance with the Ger mans and Bulgarians, the invasion of Western and Eastern Macedonia. The Liberals thus lost 60 safe sorts."
such institutions,
Their conservativo:
In Germany's Economic Position (Heinemann, 18.) help to make the haancial security of the United Kingdom world-asset of unequalled reputation." But compared with the sggressive aid which German banks extend to industry,
the policy of Britain's great joint-stock octopuses in niggardly, obsolete, and of almost strangling influence on modern trade expansion.
"GERMANY FIRST
Banking and commerce in Germany
The
“Then
<5.
she
one black and one white, cutting through the waves The rods become visible to the naked eye, and then out of the broken waters came a black massa submarine, THROWING OFF THE MASK.
She darted towards usa flag appeared When Roumania entered the war Ma figure, then two, climbed out of the Zaimia induced Constantine to negotiate turret, I saw a gun, and as I saw it there. with the Entente with a view to Greece was a flash, then a puff of smoke; three abandoning her neutrality. But, con- seconds later a report. We were being tinues the Greek statesman, the Kaiser shelled. telegraphed to the King assuring him That's how it's done," said the that within a month he would certainly captain, but I should explain that the have overrun all Roumania Serrail's army into the seas and Bung submarine was French and the shells consider themselves natural allies.
So, ten days after seeming to declare were blank
The submarine stopped and danced up Franco-Prussian War of 1870-71 is based threw off the musk. Thereupon M.
the Constantine and down on the waves. A few seconds upon that broad, common-sense principle, relos raised the standard of revolt, but later a small beat was lowered and two Banks do not confine themselves to such not in Athens. He went to Salonika and sailors in white drill took the oars. The stereotyped activities as acceptance of asced the Entente for official recognition captain showed me how to board a dinghy deposits, payment of interest, discount of his Provisional Government. This, he in dirty weather an uncomfortable ex ing of bills, transactions in exchange, and says, was refused by the Boulogne Con-perience and we boarded the bobbing
Bubmarine advances against securities on super-sale ference. margins, In Germany banks go into The Entente," he asserts," had been One can walk upright aboard a sub- trade directly. They do so for two good enough to promise me their indie-marine, but that is about all the freedom reasons: Brot, to secure profitable invest pensable and under the express stipula of movement one has not a fraction of ment for their own funds, and, secondly, in that the movement should not be an inch of space is wasted. There are for national prosperity of anti-dynastic ? openentu tie shining levers and bolts and serows and Admiral Fournet's action on December nuts and all sorts of strange things that which industry has become the bedrock, 1st and 2nd, be maintains, released the layman cannot describe. There were may be maintained and increased. Germanophile propaganda. Moreover, dials that I vaguely understood; there the Allies blockade prevented people wers others incomprehensible but there going to Saloniks to join the Venizelists were eight torpedo tubes which were very The majority at Athens, he declares, are Venizelist, and he asks for a free vote of grim reality. The officers quarters" are shelf beds curtained off from the main the people as to whether it wishes to
passage, and a living room where follow his policy or that of the
hat of the King. cat-swinging must be an unknown sport,
Presently the turrot closed, and we dived I knew we were diving, because was told so, but there was not the slight est sensation To be in touch with the outer world one must look through the periscope. Tiny ships were detted about
their ret
throned Emperor of Russia as to the in- famous M. Stürmer, who unquestion ably will once again attempt to evade responsibility by stating that, if he was not the Minister of the Emperor, he was, at any rate, the Minister of the Empress and the late monk
It is well established proofs which
by are in the hands of the Roumaning Gov- ermmont that if Germany undertook the Roumanian campaign it WAN because she relied above all for success on Petrograd intrigues, just as the successes of Hinden bure in the Masurian marshes were based on the same reasoning. In fact, if Rou- manis did not realize her first intention the quadrilateral, and bar the road to of attacking Bulgaris in order to seize the Bulgarians before attacking beyond the Carpathians, it was simply because Russia advice to received from abandon the Bulgarian attack and the promise that nothing was to be feared from Bulgaria, because Bulgaria will not attack Roumania. It is common knowledge now t that immediately after the majority of the Roumanian divisions had passed the Carpathians the Bulgarians attacked, walk Turtukai as objective. Certain Roumanian divisions had to be recalled from Roumania and sont to the Debrudsha. A representative of King Ferdinand of Roumania visited the Emperor Nicholas, who promised four army corps in the shortest possible time read the opinion of M. Sassanoff, recent to Roumania. It is only necessary to by published in an interview, and to compare what he said with what 1 ed to Houmania, what happen-
The Emperor"
Baid M. Beasanoff; of the Empress, and was entirely under her influence ge
Emperor was tired and seemed the imagined she could control Russia indifferent. With such her way home from Salonika recalled such a statesman as M. Basthoff it is an opinion from Pro- on the wounded, of mise of the Emperor Nicholas to cowardly outrages of
10 Bou a manin, itwas possible for M. Stürmer to come and, turn, to communicate to the Roumanian Government that it would them, I am told to evacuate Katerini We were journeying far with our be impossible for Russia immediately to evacuate Katerini: I am told to shen-periscope still above the waves, we were send falls army corps, and that Roumanie don: Cerigo Cytheria-I abandon Cerigo, going to dive deeper, and our periscope therefore must face the situation alone, A neutral zone is imposed upon I was drawn in. We were blind then, ont and meet Mackenson's Germano-Bul- respect the neutral zone. I am asked to not deaf Scientists have invented in garian attack in the Dobrudsha and Fal- bring my movement to a standstill-Istruments which give aural warning of kenhayn's now German divisions with bring it to standstill." If Germany, as ho
the presence of strange craft. obviously insufficient army over a front
miles, finally vanquished, the whole world will I looked through a small sheet of of 00
M. Milinkoff de understand that Constantine must accept plataglass and gazed into lairyland. It
livered
his famous speech to the Duma policy
mer fell from power. It should be re- membered as regards the misfortunes that
happened to Roumanis, that M. Milinkoff showed there were only two alternatives to explain treachery or imbecility. At once
the disaster Stürmer fell as if by enchantment, but, unfortunately, too late. Masses of Bus sian troops went to Roumania in greater numbers than the four army corps pro- mised by the Emperor. What was im possible before the fall of M. Stürmer became at once perfectly possible after hie disgrace Further news must be awaited, and, in the light
much that has
The result is that the bulk of Germans capital is invested where a nation's wealth belongs—at home. German money. of course, has been sunk, like a great deal of British money, in doubtful schemes in South America, the Far East, and other parts of the world, but it has HOME CONFERENCE always been the surplus over and above what was needed in Germany. The German hanker and the German investor proceen on the theory that the require ments of a Bremen shipping line or Dortmund iron foundry have a worthier call on their funds than a street railway Havane, a copper mine in Brazil, or
Venizelos alleges that at the Rome Conference the Allies gave the Greek Government formal and categorical assurances that the Allies would neither on land nor on en allow the extension of the Venizelist movement in the torri tories hitherto occupied by the State of
the ocean. A passing hospital ship on
toa plantation in Siam. The most the Kingdom of Greece tragic tales, of German infamy, of easy to understand how, after the
welcome visitor to a German bank is the make no complaint against anyone, man with a Bound domestic industrial Know the difficultie, which lies in the ruthless savagery
complete way of lete agreement between the project in need of capital. He usually Allies, and I have no idea of aggravating goes away after having entered into port
ership with the bank.
PARTNERSHIP IN BUSINES
I
convinced, 18
BLIND BUT NOT DERE.
afterwards Shortly
« Partnership” le precisely the reln tion which prevails between banking and industry in Germany It is, I take it, the system which the British Trade Cor- poration intends to introduce in this country. A concrete illustration will explain how the system works Herr the consequences of the defent of his 18 astonishing how light it is below the ehe month of November, and M. Stir Schmidt and Herr Meyer own a process for a new grade of steel. Without introduction beyond the merit of their enterprise, they repair to the Deutsche Bank or to any one of the great credit banks,
that alliance are due chiefly the pre-war triumphs of German commerce. Behind the Teutonic manufacturer and exporter you always find the Teutonie bank. The one discovers opportunities, the other enables their exploitation.
hitherto appeared cable
* Bra The Mediterranean-and perhaps.
other seas-is truly wonderful below the surface, Blite on top, the Mediterranean light green below; it is as if one were looking into an empty room with glass walls only the ceiling moves, rolling past like an endless band of green fabrics There was a noise like the rushing of many waters compressed aid driving the liquid ballast from the tanks-and then we were rising to the surface. For the first time I remembered that the air in the anbmarine should be stuffy, hut, as a matter of fact, I nover noticed the slightest change in the atmosphere during our trip. Une mure glance through the periscope and I saw a vessel steaming to most will be explained. towards us, apparently unaware of our The Jassy correspondent of the Morn- eng Post also states that the Jewish ques presence. As we came to the surface wo
to be on the torpedoed her in theory, then the turret tion in Honmania appears
towards solution. which y
He opened and men pushed to the gun,
Bave understand from an authoritative Rou harked noisilymanian source that the Jay Government We were now in sight of land, and proposes to grant full political and civil vessel was waiting to take me as the head rights to the Jews. The Russian revolu quarters of the Eyes of the Fleet. The ion and the movement of the Jews in chief, who was to take me under his America in favour of the Allies has had wing later on the wing told me he has a powerful repercussion in Roumania. only had forty tight hours leave since In this way Roumania, herself will settle e quation that has keenly interested the the war began!
western world?!! Taking me to his private office and locking the door, the chief showed me his map of the Mediterranean.
Capital & Reservo. Deposits.
Landsmen who only know this sea from the Pro- menade des Anglais would be astonished by this map. The whole of the Meriter-
**They will be received, let us say, by
Herr Schulte, that particular member of the bank's board of directors who ape- cruises in steel and iron affairs. He is
FAH-YLUNG TENTACLES probably already a director, ne the bank's
There are eight great German credit representative, of eighteen or twenty banks, each marshalling large capital, different steel and iron companies. The reserves, and deposite. Like Germany's Deutsche Bank's directors sit on the ambitions themselves, their radius of boards of nearly 100 industrial corpora action in world-wide. They operats oither tions. Dr. Walther Rathenau, organiser through direct branches of their own of Germany's war industry, who is a like the London banks still eking out an hanker as well as an engineer, was agrecable war-time existence in England director of eighty manufacturing com- or through subsidiary institutions, like panies before the war at that time he the German. Oversea Bank, with 20 bran vas co-managing director of Berlin shes in South America. The four big credit bank. ___________"D" banks'' (so-called "because their Schmid and Meyer will find-for it is names begin with D") have the German way--that Herr Schults, divided up South America into non-con Whough a banker, is well posted on metal-petitive spheres of influence. There are largical matters. They discover that he the German Asiatic Bank, the Gorman knows all about steel processos and can Orient Bank, the German Palestine Bank, discuss with them intelligently the merits the German Brazilian Bank, and other claimed for the Schmidt-Meyer patents. concerns whose goographical activities are Ho pronounces their scheme good or badenoted by toeir title. The following as the case may be If good, Banker table conveys an idea of the strength of Schultz elaborates a preliminary scheme enemy credit banks
CARRIAGE BLINDS UP. for building a works or expanding an inadequate plant It is decided that
Railway passengers in England need no £2000,000 is required. All right,' says Deutsche Bank 21,125,000 102,105,000 ranean is divided up into squares, just longer pull down the carriage blinds after the banker, we'll form a company, Disconto Goselle like a draught board, and the where dark Bir
has issue, Cave, the Home Becre 33,701,000 abouts of every submarine in the Mediter tar revoking the previous orders. allow you so-and-so much of the shareschaft
an order, dated March capital for patents, goodwill, and Dresdner Bank
15,050,000 managerial activities, and we'll retain Darmstädter Bank 9,600,000
These provides that, except in case of necessity in a station, carriage windows the rest. Four of our own directors will Schaffhausencher-
must be kept covered from
half an hour join your board and supervise our in- Verein 8,403,183 17,210,000 terests. Your steel is much needed in Berliner Handels
There are seven hundred vessels of after sunset till half an hour before sun
Guards in charge of passenger the Bilesian mining and machinery Genellschaft 7,225,000 14,841,000 various kinds on duty in the Mediter trades. We are strongly entrenched in both National Bank für
ranes, and as soon as a German sub-ins dave been instructed, should need of thong fields, and the Schmidt-Meyer Deutschland 1,300,000 12,030,000 marine is sighted its preserve in at once is to cut off the supply of gas
electric light. This can generally be Stahlwerke Aktien-Gesellschaft Gm. b. Commerz and Dis
telegraphed to the chief. Every weapon done in a moment, Stool Works Co. Ltd.) will get pro conto Bank 4,980,000 15,798,000 own to the public and several that are fitable orders. Leave that to us."
Britain has not hesitated to borrow unknown-is employed against sub- German Bystems in military and economic marines. Sometimes they sink a ship, - This is an example, duplicated every day on a larger or a lesser scale in Ger Belds. Knowing Sir Albert Stanley as but if the public knew the number of
ay Where Schmidt and Meyer get well as I do, I am positive he will not German submarines sunk in the Mediter sailors, the hydroplane quivers like
shrink from adopting wholesale the ranean it would be astonished bird ready for fight, the motor is not so $200,000, the Hamburg-American Line, meritorious features of German credit Just before I arrived at the headquay motion, and with a roar we rush out to the North German Lloyd, Krupps, Thyssen, Stinnes, the "AEG electrical banks, while scrupulously guarding tore of the Eyes of the Fleet, a telegram sea. Daucing over the waves, we hug works, the Bayer chemical companies, against their evils chief among them the arrived stating that a submarino had up the shore for shelter from high wind, the Borsig locomotive people, and the fostering of Stock Exchange speculation peader in a certain square. There was Then with a sharp turn of the wheel we countless other great German commercial in the countless industrial securities in just time to bring a hydroplana out of put on top speed and rise. The safety undertakings got their millions The which the banks are interested. When its abed, and the airman was off on his pins are removed from the bombs. All consequence of this vast interlocking England has a bank or banks which iden mission. A vosth despite his beard is ready; if we see the shadow we can system of banking credits to industry is tify themselves as cffectively with support who bad just returned from Saloniks. dive with safety to within seventy-
formidable defensive and offensive, al- of industry as German banks do, condi after dropping bombs for two years on feet of the waves. There is no shadow square however, so we rike Liance between finanoo and trade, rotions will be created which will deprive the Turks in Egypt, was instructed to an our
the bagay of German trade competition take me for a Eght in his machine, righer, then turn and spiral down and (Continued at foot of next column.) of much of its danger,
(Continued at foot of next column.)<
Valight almost without a bump.
14,065,000
47,920,000 ranean is known Every square on the 30,384,000 board bas something looking after it.
IN A HEAPLANE.
Held fast on the seashore by sonbart
184]
Conta
WRIST WATCH
LUMINOUS
CASCADE” BEER.
Achsery young man of Hongkong
Drank Cascade" from a glass that was long.
When they asked “Quantum sufficit ?”
He replied "Such good stuff is it,
Say a quart and you won't be far wrong!"
TIME CAN BE EASILY BEEN ON #DARKEST #NIGHT,
Figures and Hands,
15/6
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$8.80
Gold Dollars:
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CH HAML8, as finacredited with Reliable 10. Jomus dwim-berer Moveme accurately simed and adjusted in positions, and mitabin fur kit silmwtom. Although all in alge
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DON'T WAIT
4179
until you are worse before starting a campaign against disease. No matter how slight may be your indisposition your duty to yoursell demands that immediate steps be taker to disperse it. Of course, you expect to get better and not worse, but where health is in question you are never justified in leaving anything to chance, and, as is well known, indise position, insteadofdisappearing of its own sw cat will, frequently develops serious disorders if neglected,. Your anfest course is to
TAKE
HASTINGS,
HODGE & CO., Importers, Phone No. 188.
NOTICE.
ANI BUROPEAN Non. Asistio or Indian
desiring to leave the Colony should apply in parson at the CENTRAL POLICE STATION between the hours of 9 Am, to 1 7.M. and SF.M
Applicants will be required to prodios Tam parts or identification paper, a
All person with certain exceptions who remain in the Colony for more than 7 days are required to Begister themselves under the BEGISTRATION OF PERSONS ORDIN ANCE 1916.
Forms of Registration giving the particulars required may be obtained at the G.PO, and at all Pollos Sutions.
The Penalty for non-compliance in a due not enceeding $50,
38
RUSSIAN 5% INTERNAL LIBERTY LOAN 1917.
Subed
tubedription to the LIBERTY LOAN L Opened at THE BUSSO ASIATIC, BANK, Hongkong, from date to the 20th June, 2017
The price
of issue in
le 85 per cent. Loan is free of Income Tax and other
The Loan in immed for 65 years and will be releemaple at par by yearly drawings beginning
In December, 1822.
The Loan may be reimbursed as par after the 20th
9th March, 1927.
Coupons are
March and the
Interest
ble half-yearly on the 19th
September
on the loan runs from the 28th
March, 1917-internet from that date to be added
to
She price of issue.
Special favourable
Applications will be wired to Petrograd free
of telegraphic charges and Bonds will be for warded tree of portal expanson,
The Bank in ready to give every facility to subscribers in the shape of adyanos against the Bonds.
G. TIBDALL, Manager,
ON SALE
A TABLE OFTEN
[609
BEECHAM'S BATES OF EXCHANGE
PILLS
which are the World's finest housenald remedy for the cor. rection of degangements of the stomach, liver, or kidneys. Slight headaches, loss of apper tite, a nasty taste in the mouth and other little symptoms of that sort are Indicationis – of digestive disorder, and may be regarded as Nature's warning 01 worse troubles to follow if the cause of the present, z?-- ment be not speedily removed. Don't wait until to-morrow but take Beecham's Pilla
Sold in bows, Fi4, 1/1) & 2/5,
NOW
AT HONGKONG
JOB:
DEMAND DRAFTS ON BOMBAY
On the Day preceding the Departure of the English Mails from the Year of the Oloring of the Indian Mints to the Free Coinage of Silver
FROM 1883 TO 1909;
"ALBO
RATES FOR SOVEREIGNS, GOLD LEAF, BAR SILVER (From 3908), and other Useful Information,
On Bale at the DAILY PE” Office
or Local Booksellery
ON BALK
TONGKONG HANSARD REPORT A Lot on the 2 MEETINGS LEGISLATIVE COUNCIL Bedon, 1915
REYIED ET TER KUKSINS