THE HONGKONG DAILY
Vulcan Trading Corporation
General Merchants Importers and Exporters Manufacturers' Agents
|120 Broadway, New York, U. S. A.
The entire facilities of our great organization are at your disposal for the conduct of your export and import business.
Inquiries for raw and manufactured prod- ucts of any country are solicited. Offers on all raw products of your country- especially Rice, Hides, Skins, Wool, Soja Beans, Raw Silk, are desired by our import .department,
Liberal advances will be made on consignments.
Cable inquiries and offers will receive prompt attention. Complete replies BY CABLE will be made.
Cable Address: "Vulcan Trading, New York"
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PRELS, WEDNESDAY, JUNE 19mm. 1918.
(1924
D.W.I."
INCREASE OF NATIONAL
DEBTS..
[BY CONSTANCE LARYMORE.] Not long ago, in America, I camo cross
In its Federal Reserve Bulletin for a young housewife of a peculiarly thrifty April, the U.S. Federal Reserve Board turn of mind. The child of wealthy gives probably the most complete and parents, she had married very young, as accurate information as to the growth of the custom is in that most charming and national debts occasioned by the war. Its bowildering of countries, and had chosen investigation, based on official data, is a lad of her own age, the son of a wil-brought down to as recent a date as poa- lionaire. With the extraordinary fore sible, the figures thus presented tending Bight and wisdom which, coupled with to show that the borrowings which the passionate family affection, make of various nations participating in the war Americans the best pacents in the world have been forced to effect are in excess of it had been decided that the young couple what they were generally supposed to be. would benefit most by "making good by neotion with the national debts of the
The bulletin condenses the facts in con their own efforts, as their parents the neight principal belligerent countries as edves had done. Therefore the tiny they stood before entering the war and household was a very straitened one, and at the most recent date available before the child-bride, for all her inherited the publication of the articel sound common sense, found that her chief difficulty lay in curbing her fixed babit
for
ALLIED FOWEEN:
Great Britain Australia Canada Now Zealand Un of S. Africa France Russia
Before Entering War
Amount in
$3,455
Date. millions.
Aug., 1914
June, 1914.
93
Mar, 1914
336
Mar
1914
448
Mar., 1914
July, 1014 June, 1914 Jan. 1914 .Mar., 1917
Total At Latest Date,
United States.
of purchasing forthwith everything that seemed appropriate and desirable for her house and person.
So to hor elaborate and minute accounts she added. another, with the heading "D.W.I Curiosity led me to ask, and her to ex plain, that the mysterious letters stood Do Without It Under this head little
ittle things whine ad imost of the
which, day after day, Italy woman appears to need every time she walks along the pavements. These little things run away with a good deal of money, and each time the "need crop ped up it was severely scrutinized and mercilessly handled, so that, in an aston ishingly large number of cases, that par ticular requirement could be triumphant ly met by a little home management or resolutely put aside the pot of pink azaleas so ardently desired, the trip to New York with shopping intentions, that cunning but costly chintz which would have so adorned the porch rockers. The cushion covers must be washed in stend of renewed; that muslin collar even, could be produced with an hour's stitching, instead of costing dollar and
half. Even the
library books
•
17
extre
at five cents a time were struck off and proudly entered up under "D.W.I.,” which at the end of a month totalled up to a most respectable eredit balance of money unspent.
Date February, 1918 March, 1918 February, 1918 March, 1917 March 1916 December, 1917 December, 1937
September, 1917 January, 1918
Germany Austria Hungary
Date,
670 6,899 2,792 5,09% 1,203
$20,802
Amount in
millions. Increase.
$27,636
075
$24,178
942
849
1,011
611
185
734
22,227
135 15,629
·6,076
3,884
20,393
20,201
7,758 0,550
$92,078
$72,070
CENTRAL POWERS.
Before Entering War
Amount in
Date. inillions. October, 1913 $1,165 ..July,
·I014 ..July 1013 1,345
Total
Grand total
Docomber, 1917 December, 1917. December, 1917
Suck a campaign is now inaumbent on every one of as-not only in our ward- robes, but on the larder and storeroom shelves; indeed, in every life path trod- den by each of us. What can we write. Up under "D.W.I."1 Numberless luxuries have already gone things ve ate and drank siniply because they were there, and which, now, we do not miss at n. But there are still, in every life, I venture to say, certein outlays which could be pared away, to the end of con serving money and food for the nation. suppose that very few women still in- dulge themselves with early tennine officia o'clock office precludes that for most; but if there are any, they will surely let it go and enter it up, noticing gladly, as they cast this dear indulgence, the milk Bared for some weakly child, at the end of a month. TRANS
2,640
. 8,150
****** 25,702
Auiount in
millions. Increase. *823,408 824,243
13,314
10,674
5,704 4,350
844,426 8 39,270 ∙137,404. 171,052 Partial estimates. All other statistics
Ire
nea-
The foregoing summary does include the emissions of treasury certificates and paper money in any of the countries ungaged in the contest, though in the cases of Germany and Austria and in Tobacco has to get to England in ships; those of some of the Allies
these the fashioning of it into cigarettes uses hands that might be employed on national eavy borrowings by cortain of the
equivalent to forced leans or enormous Nor does it cover the various work; and were it not for the emokers, heavy the inconvenient shortage of matches tral countries which have been obliged might be greatly relieved,
unwillingly
lingly to inercase their national What about five o'clock ten? It can be indebtedness for their own protection done without as a routine meal it is Switzerland, for instance, having been unknown in America, and its indulgence funded debt to maintain the army which obliged to add over $100,000,000 to her there is far more a concession to custom, especially English custom, than a re protects her frontiers. Even without re. cognized need of daily life Still, we have ference to such items, the figures collected weighty evidence that it has a high value
in the above form show that the helli- working girls, and for working men gerent countries have, in the aggregate. too. Show me the office mantelpiece that increased their debts since the beginning has not an empty cup on it about five of the conflict by $111,052 millions. thirty p..!
They lunch early and Prior to the war, the article points out. light, and quite recently it was definite the public debt of the seven principal ly stated by a trustworthy firm that form. European countries was 824,544 million orly almost all the errors in the day's their income, estimated on the basis of work had occurred between the hours of census returns, being $43,000 million. five and seven, and that this work weari while their wealth was 8352,000 million: ness and staleness had latterly been To-day the debt of the same nations is entirely avoided by a cup of tea all round. $130,000 million. Estimating the annual Therefore let the tea remain but for charges upon the present debts at 80,500 workers only.
million it would appear that their in- What about beer? The ground interest charges would absorb about three almost too sacred to tip-toe on; there is years' total income of those countries on some mysterious supernatural uplift a pre-var basis, while before the war their about beer, which makes the subject too annual charges were approximately 15 holy for ordinary handling. Oxygen is per cent. of their annual income. a mere wayside adjunct, no more power ful than the scent of honeysuckle, com pared with the life-giving and life-sus taining properties of beer. After all, it makes our Working Man What He'
there is no more to say. Still, there are limits, even to elixirs, and if the third or fourth glass could be resolutely put under "D.W.I there would be quite a fat parcel of bread and sugar saved for the children.
What about pet dogs? Of course, wa would all share our last crust with a faithful and beloved dog, and the lady with seventeen small dogs and amazing quantities of milk and meat to feed them on will become historical, and gaiety into our grandchildren's scho rooms, on which account we will forgive her; but there can be no substantial rea son for the present-day breeding of lap
whose diot has to be more carefully considered than that of the working woman's baby. Obviously, they are being deliberately bred; there is hardly a women's paper which does not advertise numbers of highly priced puppies, only a few weeks or months old, and there are several shop-windows in London full of these luxuries purposely brought into being with the object of coaxing out of women's pockets money sorely needed for: the nation.
What about gorgeous hand-made silken cushions, splendid ribbons at two and three pounds a yard, and expensive soaps, scents, and powder? Heaven forbid that we should walk with shiny noses and un- tended persons because we are at war, but the most highly priced things are by no means, intrinsically, the best, and the perfumes at fifteen shillings a bottle and soaps at four shillings a cake find their
under
ought to way
"D.W.I." That they still find ready purchasers is
·•quite certain a few moments spent by the busy counters is convincing proof.
Let every woman, when she enters the great department shops, mentally clutch her D.WL account, and, for her soul's comfort, jot down every unneces sary purchase resisted; before long she will find herself the possessor of more then one "D.W.L." War Boad Specta Las
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[2039