Page
NEW CHINESE BANK IN HONGKONG,
THE ENTERPRISE OF FOREIGN GRADUATES
COBRESPONDENCE.
THE HONGKONG DAILY PRESS. TUESDAY, JUNE 26TH, 1917.
PERILS OF A PATCHED UP PEACE,
[TO THE EDITOR OF THE HONGKONG DAILY PRESS."]
[TO THE EDITGE OF THE “HONGKONG
DAILY PRZY
German State The Duke of Cumber land certainly did not own any allegiance to the Sovereign of this country. Prince Sin, Ong could understand supportere Army and we could not claim to inter- Albert was an officer in the German of the German oligarchy, the old Russisa fere with him. He would not by any Autocracy or the late Chinese Monarchy of these illustrious dukes would desire. stretch of imagination conceive that any raising an alarm at the infinite pos at present to come and vote in the Hous operations upon a modest scale, but it McGuigan1 Judging by the length of controlled propaganda of those who are ter
-Bm-Who, in Heaven's name, is Mr.sibilities for harm which lie in the un-Bay, on the question whether women should be admitted as solicitors. (Laugh- bas ao ambitions programms and its pro: his letters, he evidently peses as an autho- continually endeavouring to alter our Su strong moters are sanguíne that a brilliant and rity. I must say, to put it mildly, that political machinery in accordance with ton of the Peers to stand by the was the determina:
A new Chinese bank was opened ́ ́in Hongkong yesterday. It will commence
prosporous future awaits it. Those
enemy princes in arms against this But these words sound strange to those dont adds) that the Bill was only given a some cherished theory of their own country (or Parliamentary Correspon
It is & great pity that he does not use terested in it financially are chiefly his energies in a way more profitable to Chinese who have been educated abroad the country. Your correspondent says we who have been nechstored to the praisecond reading on condition that it bol
are not fighting the German people of free speech and a free Press.
Greed to a Selvet Committee for re- Whom are we fighting then?
port. This means that the measure will Let it be always remembered that it is directly in a controversy labours under an obses-
While the claim that your adversarybe quietly smothered unless public opinion
asserts itself. WIRE SE dun to the mistakes of people like your throws no light on the subject at correspondent that England found her issue, the charge that he ignores human self in e-hopeless muddle at the begin.. nature is so indefinite as to be meaning ing of the war. The expert advice of less, and levis no idea na to what conclu
They are of opinion that Chinese com merce is handicapped by the lack of in adequate banking system, and the In dustrial and Commercial Bank, Ltd. ng the now venture is named, is their preliminary attempt to help meet the need They have subscribed the capital, which is nominally one million dollars, but
towards the German princes the This to the attitude of our nobility
of this we working men are asked to work oligarchy who made the war and in faca
INTIMATIONS
LANE,
CRAWFORD & Co.
(ESTABLISHED 1950).
"EBLAPHONE 1741);
WHITE FROST
SANITARY REFRIGERATORS
CONSTRUCTED OF HEAVY SHEET METAL.
up feelings of hate and revenge towards WILL KEEP FOOD the working men of Germany, who were either forced into this war against their
already it has been decided to increase such eminent men as the late Lord Robertssion is intended to be drawn. Bus the will or deceived into support of it by
blunder will be made after the war by
opponent is driven to this predicninent through lack of argument.
this to £500,000. The bank's main busi-and others was ancored at by a Scottish public-even those who do not folle false evidence and the suppression of the mens will be to foster China's infant in-lawyer. Can it be possible that a greater the argument--generally conclude, that to the present moment. We are asked to truth policy which in maintained up dustries and to develop, as far as poistening to the prattlings of would-whoever loses his temper and abuses his bo ready to commetico another butchery sible, commerce in the interior, for which purpose it is hoped very quickly Lord Greys and Balfours, I think not to establish branches in the more in. The working man at home may have con- portant, trading centres. The President sidered the Boer War a nuisance because of the Bank is Mr. T. T. Cheng, graduate of Chicago University and formerly the manager of the Hong On Insurance Company in Singapore. M
Jun Ke Choy and Mr. 8. T. Hanch are the Vice-Presidents, and among the Directors are Mr. Wai Mu Lau, a graduate of New York University; Mr. Lu Shin Cheuk, a Hongkong capitalist; and Dr. Chan Git Cho, who. is associated with the Chinese Red Cross Hospital in Shanghai,
The bank's offices are situated no Des Veux Road, Central, and these were well filled during the formal opening proceedings. In addition to the officers of the bank, among those present were Mr. Geo. E. Anderson, the Americas Consul General; Mr. Look Poong Shan, the chief manager of the Bank of Canton, Ltd.; and Mr. J. D. F. Mulder, the manager of foreign exchange; Mr. G. Tisdail, manager of the Russo Asiatic Bank; Mr. C. D. Wilkinson, Mr. Percy Smith, Mr. G. P. Lammert, Mr. He Kwong and Mr. M. K. Lo.
The contention of a correspondent that
he had to pay more for his tobacco, but only those who uphold the privileges of he is up against realities this time. The the aristocracy are entitled to a voice fact that he occasionally goes on strike on the policy of the war would exclude is not su indication of dialoyalty, He not only myself but the vast majority of 30th everyone around him taking what other working men, even those now 10 they can get, and he does the name. The the Navy and those in the Army and aspect of the strike is internal and not the whole Labour Party in the House of external. In spite of the pro-Germans, Commons such mea as Arthur Bendor he realizes that we are fighting every son, G. N. Barnes, and Colonel Ward. It Gorman-man, woman, and child, aye, would also exclude Mr. Asquith, Sir even the dogs, as they tell us.
Edward Grey and the great bulk of the Liberal Party It would exclude even Lloyd George himself, not to speak of those members of the aristocracy who see that at least some of their privileges must be abandoned in the interest of national unity and strength, and who are now taking steps to reform the House of Lorda
To say that the German people were misled in submitting to the policy of the military party" is an absurd statement which no Briton worthy of the nauit would affirm. If such were the case, what meant the toasts, some boisterous, some silent (behind closed doors in friendly countries)-- Der Tag!"
Why did these poor misled people, who were employed in England and elsewhere, apply for leave at an earlier period of the year than they had previously been accustomed to do?
If working men are to live under con- ditions of justice and freedom, they must not be dismayed at facing any public question. It is just because the working man of Europe left public affairs to be managed by their betters," and their “betters" made such a muddle of the job, that these same workers are now The plain truth is that the peace-butchering each other by hundreds of loving" German people realized that thousands and at the same time heaping The President gave a long address England had not there" before them such burdens of taxation as will im-
Chinese, explaining the objects of the bank, and the Vice-President then dealt with the same subject in English. He referred particularly to the very high rates charged for interest in the interior of China, and expressed the hope that the new bunk would be able to accomplish. Anuch towards putting the trade of those remote districts upon a better footing, Mr. Lip Lav Chan and Mr. Anderamy Were also among the speakers.
Mr. Anderson gave some interesting views upon banking businces generally. I always soomed to him, he said, to require a considerable amount of assurance for a number of men to get together, to secure offices, and calmly sit down and say to the public: Please and us your money and we will lend it back to you at a high rate of interest."| Thay, however, was the foundation of all banking, which, in turn, was the fonda- tion of all business in the world. There
they
more to pay.
SWEET
WHOLESOME
AND
HEALTHFUL.
WILL KEEP
COLD
PURE
of each other as soon as our betters on one side or the other think fit to it
pull the string sebou b desira that the feeling of class-superiority You are not greatly impressed by my should give way to a feeling of brother- bood. It appears you have not caught the idea. My contention is that just as PROVISION CHAMBER the relation of master and slave could never be one of brotherhood, neither can there be a genuine feeling of brotherhood between one class and another if one class that feels itself superior to, and claims special privileges over, the other class on which it tries to impose ideas of inferiority and conditions of servitude. If on tries to dominate another the feel- of enmity or resentment even between sons ing of brotherhood gives way to a feeling of the same parents. As aristocracy and can be no real feeling of brotherhood ARE a democracy are incompatible, and there between them. The privileges of the until they are finally abolished and the aristocracy must be continually reduced nobility becomes merged in the people. Then, but not till then, will there be some chance for a feeling of genuine brother- hoody good
This war will determine whether the world will be safe for democracy with freedom, justice, fraternity and pesce, or whether it will be ruled by artistocracies and obligarchies who will live on the labour of the workers and who, wher they quarrel among themselves, will drag the workers from their homes, put them against each other in war to kill or be killed with no piore voice in the matter than two gamecocks that are taken from tune far apart fitted with steel spare and poverish those who survive, and their placed in the ring for some one to kill in building a world-empire, and progeny for generations to come. We are the other for the amusement of those who made up their minds to trample in the paying very dearly in blood and toll for witness the fight fo dust (if necessary) every law, human and our negligence, and we have yet much dictates of reason, instead of the blind!
the working men only follow the divine, for the attainment of that pur
There is no one who wants to let Ger- passion of hate, we can establish peace on pose. This, sir, is what some people ony (whether the German people or earth and goodwill among men in spite (calling themselves Britons) describe as will apon us, and the point at issue in J. H. MCGUIGAN.
the German Government) impose their of all opposition. Yours faithfully, having no quarrel with the Gernot whether we should impose our will [In the first two paragraphs of the above man people "--people who have willingly on Germany (whether the German people letter our correspondent quotes from a enslaved themselves to the meanest and should be our will our policy, towards issue of this paper on the subject of Ro- or the German Government), but what loading article which appeared in Saturday's most debased form of espionage in the the German people and the German publican propaganda in South Africa, bat history of the world. We have had ex-Government? The idea of the American ho carefully refrains from giving the con- perience of their methods of conducting democracy as voiced by President Wilson, text. At the present time, we may remind the idea of lue Russian democracy as him, wo do not possess a free Press or the Is this the fault voiced by the leaders of the new regime, absolute right of free speech für TraKons and the idea of the British democracy as which the newspapers and the pubile ap voiced by Mr. Lloyd George, Mr. Asquith preciate, though at times they may pro and Mr. Arthur Henderson, is expressed teet that restraints of which they approve by Mr. George N. Barnes, who je reported in principle are apt to be unduly stretched in your issue of the 23rd inst, as sayings in practice, especially where the community We were not out to fight the German has no control over its officials. While wo of all peoples. This is the idea I have we should be sorry to see the British Empira people, but wore out for the liberation hold no brief for the old Russian autocracy been advocating and with which your reduced to the present state of Russia in these leaders of the British democracy would mean the triumph of militarism and correspondent is fed up." Now all the midst of this world-conflict, because it have been trying to curtail the privileges the dead-knell of that freedom which we
business in the East.
of the military party 7 "
To these who have doubts concerning the deserts of such a people, I commend attention to the records of history. They We are too prone to forget that there is will, no doubt remember Martinique,
"God of Battles," as wi aw a "God of Love." The Bible, however, leaves no doubt on this matter.
a
or wrong: nor “expedient.”
It is not for us to judge, but when our of the British aristocracy, but to say love no less ardently than Mr. McGuigan, they are obsessed, or disqualified from though our respective views as to the bost were two reasons why he was particularly insincere expressions of neutrally the nation would be a very poor plea apart as the poks. While we have duty to Civilization is made clear thevoicing an opinion on the war policy of methods of preserving it may be na wide interested in the bank which was just minded persons are not the criterion for to meet their arguments with, every whit as much confidence as he in the starting. One was because the capital it concerted action. A thing is either right to maintain it, and their dupes are never its desire for peace is more often exploited Those who, profiting by wrong, wish good some of a democracy, we reshse that represented had been largely subscribed by America or over-seas Chinese, and the
in favour of free speech and a free Press, than resperted by autocracies, hence it is other was because the bank was needed. never encourage us to believe in any pro-can never be wholly suppressed,embroiled in war. We believe that the The history of German conquest can and are always fed up with men who that Great Britain, France, and the United are striving for the right. But the right States of America find themselves.reluctantly The men who had promoted that institu- fessions of friendship on their part. In tion had been trained in foreign univer- the history of the British Empire it is whatever about the middle-class, and preparations too long and too thoroughly In this controversy I have said nothing Junker party in Germany have made their aitios, most of them in American univer our proud boast that England never de mobility to the growth of democratic ideas of thought as soon as they discover that only mentioned the attitude of our for the German people to change their habit. sities, and they had had occasion, at one liberately set out to acquire territory by to show the fundmental conditions which the forces arrayed against them are in tinio or another, to study American bank- ing Aystems. He did not know whether falsehood and aggression ou a peaceful produced the world conflicts. And if my superable. They are more likely to plame the American system would suit China people. France and Denmark hayo had contention be correct it is not only use themselves upon the long resistance they have any more than any other system, but he
less but cowardly to shut our oyes to offered to a powerful combination of nations was thoroughly convinced, after being experience of the acts of a criminal at the facts and criminal to gloss them united as they think by the envy of Ger associated with Chinese trado for 13 or large,
over. I submit that the House of Lordsusty's greatness. At all events, we shall 34 years, that the great need in China was an adequate banking aystem properly.
It is one of the fundamental principles as a class. In my last letter I referred have learnt, the British people are propared fairly represents the ideas of our nobility be surprised if, after the leason which they supervised by a responsible government of Euglish law that every subject is to Lord Lansdowne's speech in the House to take any unnecessary risks with a nation So long as it remained practically im- amenable to the ordinary law of the laud, of Lords on the Enemy Princes Bill who abused their hospitality, sneered at possible to remit money from place to
lace in Ching except at rates ranging and if any man disobey the law he is Royalty. In a footnote to my letter you with soors the offer of a Naval holiday." as showing sympathy with German their peace-loring propensities and rejected: from five to fifty per cent there was liable to conviction Juss try and im disputed the point. Please permit me to In regard to the "Enemy Princes Bill something wrong with Chinese commerce agine a murder casa in which counsel quote the following extract from the re-we notice that our earrespondent derives He did not think there was any country in the world which could bear up against pleaded for a free pardon for the accused muntary Correspondent of the London the debate in the House of Lords writen port of the proceedings by the Parlia his information from a descriptive akotch of fax upon its trade, Connected on the ground that he (or she) had been Daily News which appeared in that paper by the Parliamentary Correspondent of a with the need of an adequate banking misled. Do you think that there would on March 14th and which, I think, Radical newspaper. It does not, therefore, system was the need of a stable currency.
justifies my contention
pretend to be impartial. Lord Lansdowne's any rate, they needed both, and he did security in Europe, if the Germans are Lansdowne threw his mantle over these do not necessarily represent those of the Will there be But the surprise came when Lord ideas, however, in a matter of this descriptionzi not believe Chinese commerce would develop ndounately without both. Here allowed again to make a fool of Greated was aimed at three personages the those of Mr. Ramsey MacDonald in regard Royal personages. The Bill, he remark majority of the Chamber any more then
Buch
Perhaps the currency should come first. he security of limb?
At
the
they had some young men, well trained, who had undertaken that great enter
Britain,1
Duke of Albany, grandson of the late to peace represent those of the majority of prise with the full knowledge of responsibilities it entailed. They knew left to the people of the Empire to deal Prince Albert of Schleswig-Holstein, who to Land Lansdowne and others in the No, sir, I think that it may safely Queen Victoria; the Duke of Cumberland, the working classes, and though it is true great-grandson of King George III; and that Mr. McGuigan, in his letter, referred what their reward would be if they were successful and what failure would mean with this question. The nation which was also a grandson of Queen Victoria House of Lords" his remarks had no point to them in their careers. Their institu- murtured Burke, Bacon, Adam Smith His parents were much beloved in this if they were maant to refer only to one or tion was needed; it antagonised no-one and Disraeli will surely solve this mat- illness contracted during the South they were not so meant is obvious not only it came to fill n
country, and his brother lost his life from two isolated members of the nobility. That Sup He thought foreign hanke as well as Chinese traders could ter in the best interests of the Empire African war. He believed that what these from the context, but from his present letter. Appreciate it, and he believed he was Yours faithfully,
princes had done would have been done Mr. McGuigan has adduced no evidence in by anyone else in their position. The support of the implied charge, and it was punishment to be inflicted would be of to this that we took exception. Moreover, the most ineffectual description The it is significant that he has avoided allusion Duke of Albany was Duke of Saxe-Coburg to say of the other points raised in our and Gotha, a reigning prince of a footnote. ED., HDP]
expressing the sentiments of all foraigners
In that community when he wished them
all goodwill in their undertaking,
Light refreshments were served and the
gathering shortly afterwards separated
Hongkong, 23rd June.
This correspondence must ED. HDP1
BRITON.
now. coase.
AND
DRY,
THESE
ALL METAL
COATED WITH
WHITE ENAMEL.
FITTED WITH
REVOLVING
SHELVES.
MOUNTED ON
ROLLER BEARING
CASTORS.
REFRIGERATORS
CONSTRUCTED WITH NON-DESTRUCTIBLE MATERIAL.
IMPERVIOUS TO WHITE ANTS.
THERE IS NOT ONE PARTICLE OF WOOD USED IN
THEIR CONSTRUCTION, THEREFORE THERE IS NOTHING TO
WARP, SWELL, DECAY OB BECOME MOULDY.
DRINK
BULL DOG" LAGER BEER. SUPERIOR TO ANGERMAN LAGER. BEER EVER BREWED.
BRITISH THROUGHOUT.
Brewed in Great Britain,
OBTAINABLE AT:-
Wing On Co., Ltd,
Sincero Co., Lti.
Sun Co., Ltd.
Choong Tại
Nam Hing Loong.
Ty Bing
Bang Ted.
Kwan Tyo.
LANE, CRAWFORD & Co. all Dog Su
Obtainable in Canton from
SISCEBE CO., LTD. Blocked by
THE HONGKONG HOTEL.
Bottled by British Labour.
PRICES DUTY PALU.
QUARTS-820.00 per cass
of. 4 dozen.
or 85.10 per Dozen
FINTE - 826,50 per case
of 8 dozen.
or 83.40 per dozen
Admitted to be the Beat -
Lager Beer brewed.
FRESH STOCKS JUST ARRIVED.
Powell
TELEPHONE.
NEW CHEAP LINES
IN
LADIES WHITE SHOES $4.50 $5.00 $6.50 PER PAIR.
ALL SIZES.
ALSO
ODD SIZES. OF YEAR'S STOCK.
FEW
LAST
SIZES
21, 31, 61. 7.
TO CLEAR
USUAL PRICE 12:5014.50 2.50 6.50
199