Page
BOOKS and READERS
ECONOMIST'S PROPHECY
FULFILLED
THE MYSTERY OF THE Trade Depues ION. By Frederic F. Holsing er. Second Edition, Demy 8vo. Published by the Author, 32, Drakefield-road, London, S.W.
17.
THE WORLD CRISIS
change of a single word," That is only too trae, for the gronomio dis. asters of the past three years have disproved most of the theories and conclusions of the economists who have hitherto hold the field.
Ruthless Logic.
Mr. Holsinger's achievement 19 a remarkable one. He definitely and The present world coonomic crisis precisely forecast every one of the dates from the collapse of prosper-economic disasters of the past three ity in the United States of America year in the most positive aut con in September, 1929.
fident terras, revealing amazing As far as our researches go, Mr. audacity and self-assurance.. Frederic E. Holsinger was the only These qualities of self-assurance man to forennat the crisis. That and nudacity are responsible for prophecy was achieved by him in what some might consider an 4- The Mystery of the Trade Depres- necessarily challenging style. Need sion," Arab published on May 10, less to say, therefore, Mr. Holsing 1829, and now in a second edition, er's book in highly provocative to Identical with the first, except for many who have hitherto followed the addition of a Foreword and the the somewhat orthodox lines of amission of some paragraphs rrom economic research. the Preface... "There is no other analysis of the economic probiom, published in 1929 or at any carlier time," the author claims, that can thus be republished without the
„SHIPS FLAGS
Naturally, the fact that Mr. Helsingor so persistently and con sistently "trails his cont" has led to attacks, which in turn have rendered the author more challeng
HONG KONG DAILY PRESS, WEDNESDAY, OCTOBER 19, 1932.
ing and downright than ever. We! warn readers of this lest his some-
to its inevitable and, we faar, bitter conclusion.
..
con-
con
remem-
A "HOLLYWOOD TALE
Weaver. Cussell.
All the tinsel and shoddy of
ROYAL OBSERVATORY'S DAILY WEATHER REPORT.
In exposing the falsity of the closes, "The Death of a Backstor" is a note of tenderness and compas- world to the grave, and thither theory of production for profit, on The theme is one which would be sion which the author generally Schnitzler himself has followed; but. what irritating style might create which Karl Marx based his writ. impossible for an English author, denies himself. It is a real enough the legacy which he has left is
ings and on which all Socialist because it would be incredibie, bat' world in which Schnitzler's charaç-worthy to secure both in prejudice and blind them to the thought and policy rest, Mr. Hols set in Schnitzler's nativo mifien, it ters mave, but a world of weird brance. extraordinarily brilliant analysis of inger has given Karl Marx his seems only a grim pleasantry-one exporionces, a world seen, through a causes and effects, and the diamond-quistus and ennifiilated at a single of life's more acid ironies. The five slightly disturbing medium, where like logic with which Mr. Holsing-stroke the whole philosophy of Bo. stories, "The Stranger," "The the normal proportions are er follows all the evidence available cialism. Mr. Holsinger claims that Fate of Freitherr von Leisenbohg," fused, and turn to the grotesque, HOLLYWOOD NYMPH. By John V. A.
"The Greek Dancing Girl,” “The But it is impossible to read these bis book is & vindication of the "now neglected science of Political Dead Gabriel," and "Redegouda's | short stories without a sense of their Mr. Holsinger is the first writer Economy," which he distinguishes Diary," are pure Maupassant, and artistic" mastery, and in spite of
from. "the Economies of our
if the influence is less evident in their mockery, without keen enjoy Hollywood film life are mercilessly to challenge the hoary theory that
Universities and public
"Blind Geronimo and his Brother," ment. The Vienna which nurtured exposed in this story of Lula in an individualist society' produc
it is because behind the irony there' Schnitzler is gone with the, oldi. (Continued on Page 8.) troversy."*" tion is for profit, and that it is the
Mr. Holsinger boldly attacks the assurance of profit to the producer that ensures the activity of the whole army of monetary reformers, economic system. Ho shows that the whether Socialists or upholders of proposition is true only to a degree, the capitalist, system, by showing whereas it is supposed to be true that purchasing power springs from in all circumstances to an unlimit the profits of ownership and the ed extent. A very valuable part of wages of labour, and that the dis his work is the comprehensive and tribution of production is depon lucid analysis of international dent upon the distribution of the trade and of the export of capital ownership. The re-distribution of from this country and the other ownership, the limitation of the industrialised countries. It is by amount of the capital weath of an means of this masterly analysis of individual to £200,000, and the the functioning of the capitalist amount of income to £10,000-ars system that the author demonstrates among the author's proposals for a how and where exactly the theory solution of the economic problem. of production for profit breaks In the comprehensiveness of its down, how precisely the depression scope and the thoroughness of its in trade that est in in 1920 arose, detai! "The Mystery of the Trado and how the state of doodlock thus] Depression" is unique in the vast produced must result in the crisis field of economic literature. It is which has since come upon us.
THE CHILDREN'S CORNER
· DRESSING SHIP
DRESSING ship is the sailor's
way of celebrating with flags. In over-all dressing the flags are Bown from masthend to masthead, and down to the stem and storu, in rainbow fashion.
THE
BY
UNCLE JACK
STAMP COLLECTOR
Stamps of Travel. STAMPS OF TRAVEL may well become an interesting and in-
In the simpler form called maststructive title page for a part of hend dressed the fings are flown from the deck to masthead only, our general collection. Most of the and this is convenient sometimes European countries have given us when a vessel is discharging or baautifully executed sets of stamps loading cargo,
upon which are portrayed attrac-
National ensigns and signal flags tive and historic landmarks, 80 ap- are used for the purpose, and in
lourists from other the merchant service the order in pealing to
which they are hoisted is usually lands.
left to the discretion of the master
This last month "Andorra, that
of the ship. In the Navy it was picturesque little state lying hid- unce the custom for a junior officer den far up in the Pyrenees on the to evolve a scheme for dressing ship and submit it to the captain.
border-line between Spain and France, issued a set of five desi gus This led to unpleasantness occa portraying the romantic beautica sidually in connection with the roof its valleys. This set of atamps lative precedence of national flags, is known as the French issue. Not and so it was that in 1889 a de- so long ago a Spanish issue of Guite order of signal flags for dres several stamps appeared for use in sing his Majesty's ships was laid this tiny country and the designs down by the Admiralty and these little international incidente avoid. tu.
THE RECORD
THE conceited young man who was showing off at the seaside by diving into the water, and staying under for
time, came up and found that he had remained under water for two minutes."
"That's good work!" he bragged. "I'll bet that's a re- eord around here!"
"Oh, no, it ain't replied an old salt, who was watch- ing. "A mau dived in here last month and he ain't'come up yet!"
KEY TO PUZZLE
of this set are also very attractive,
A few months ago Liechtenstein issued a beautiful set of aight pic torias designs, setting forth some of the delightful spots to be found within its borders. An interesting note about this particular set of stamps is furnished by Mr. J. B. Flogerzi of Berne, Switz. In April of this year these stamps were issued with an overprint Re gierung Dienstuche (Official Ser vice Matter) and these overprinted stamps were not sold to the public, at that time, but on Aug. 1 the sale of these was thrown open to the public and they are now avail- able."
Queries and Answers.
Q. I am collecting postcards and would like to know whether there. is a society where.' members ex- change these cards and alse where I can find out what each one is worth. (L. R.)
A. Some of the larger philatelic societies and International "Ex- change societies have mombers who exchange various classes of post- cards. Some of the exchangers col- Puz-lect for postal markings, colour of cancellations, pictorial interest, etc. while others collect for varioty fof-the-facial-value-of-the-postcard.
Answer to yesterday's "D" Puzzle:
Answer to yesterday's "D"
Desk, Edge, Code, Road,
zła:
Sweet Charity.
Father: What have you dona with that money I gave you?”
Little Hobby: gave it to a
poor woman
Father That's a good hoy." Bobby (continuing): "a poor woman who sells ice cream cones."
Parting of Friendship.
Fivet Actor: "The Jaal-time I played in this part the people could be beard applauding fon blooks away."
Second Actor: "Is that sol What was going on there?"
HAVE YOU READ? '
Think a Biti, written by Carric Leighton Adams.
Small boys and girls will by open to the charm of this delightful book of poetry for children. They will read the lovely poems, and think a bit,
also, na the title suggests. Busy Willie Wind" will prove first favourite, while "The Moon," Bobby Waiting at the School- house Door," and many others will also catch the fancy right away.
There is every variety of poem în the book: patriotic versca, poems of other lands and the children who live in them, nature verse, rhyming games to be played with gestures and actions, to say nothing. of two interesting stories about Nell and Charley on the last pages. Black and while illustrations by Joy B. Efteland add to the charm ing simplicity, naturalness, and lyrical coffeet. The book is very at- tractive and bound to he popular with the little people, and the grown-ups who read to them..
A QUIET SPCT
JONES had entertained his
friend with an account of life in the place where he spent his boyhood.
"I suppose it is one of those places where everybody turns out to see the train arrive." said the friend.
Which train ?" asked Jones. in surprise.
-FIRST HELPING
When supper was served Helen refused a second help ing of ice cream with a polite. but wistful, "No, thank you !'''
"Do have some more, dear her hostess urged.
Mother told me to say, * No, thank you,'” - Helen ex- plamed naively but I don't think she could have known how small the first heining, was going to be!?!
a masterpiece of scientific research, analysis and synthesis, and here the author displays his brilliant powers of exposition and argument. By the lucid method of presentation the whole subject has been brought within the understanding and ap preciation not only of economists, business men and bankers, but also of politicians and the general public.
A VIENNESE DISCIPLE OF
MAUPASSANT
LITTLE NOVELS. By Arthur Schni-
taler. Translated by Eric Sut con Constable.
For the ten short stories in this book, most admirably translated: by Mr. Eric Sutton, it is claimed that they represent the cream of Schnitz- ler's art; and the claim is an m dication of how good the stories must be. They are all intensely characteristic of the author, who was undoubtedly one of the most gifted and original of pre-war writers. There is, both in the sub- jects and the manner of his contes, an irresistible suggestion of Guy de Maupassant, with more than a touch of the mockery of Heine, as, for instance, in that cynical mas terpiece, with which this collection
OCTOBER 18, 1982.
Word
OCTOBER 17, 1982,
BARAKTER
WIED
JAMUANYA
STATION
AVBA LEVE
AR BRA LEVEL
Windivostock Nemuro.......t Hakodate
Tokio ......RAY Kochi...... Nogasaki
Inche M
12
**
11
80.00 782.0
#1
29.82 767.6
29.96 755.0
**
29.98 741.5
ESE ESE NNW WSW
***
80.02 762.5
NW
Kagoshima
TI
80.04 768,0
***
886
1
Oshima..........
80.02 762.5
NNE
***
Nahston
87.04 709.0
N
2
80.00 762.0
324
非常
'29,94❘ 760.5
N
15
30.09 784.4| 32
8 NW
14
30.08 784.0❘ 72
6 NNW
re
80.10 764.5 741
6
W
H
29.98 761.5 78
Ishigakijima Bonin Gland... Chefoo Shanghai...... Gutalai....... Wenchow Fooshow.... Amoy Swatow............... Taiboku .................. Taichu
Tainan.......
Koshun............... Pasondoren Hong Kong Gap Bock....... ∙Macao.....
Heibow
Pratas Island.
#
ELI
NE
B be
29.98 761.5 86 8
80.01 782.3 66.
20.97 781.3) 5
29.94 760.6 90
29.98 760.2 89
取
ENE
WSW
29.91 769.7 35
ENE 4 be
29.94 760.6 33
*
29.91 759.7 78 29.12 750.9 78 29.89 759.3 81
NNE E ENK
4 b
FB 2
NE
2
Phulian
Tourne.
Cape St. James
BRECO
14
Aparri
Vigan..... Manila Legaspi
Calbayog
Tuguegarao
Tacloban Dilo Coebu Burigao Suipan Gusm Yap Pelsw... Labuan
#
80,88 758.9 29.88 768.5 82 29.77 756 1 79 29,76 756.0 26 29.83 757.7 1 29.81787.1 88 29.78 756.3 91 29.76 755.8 80 29.76 756.0) 88 29.76 755.8 91 29.76 756.8 81 29.76 766.0.81 29.72-754.91 91 29.74 755.5 88 29.71 758.4 88
8 ESK
·6 6SE 7 BSW
B 913
G NX
8
8 WNW,
NNW
8 ENE 8
8 NNE
100 ÅRENEE 2 20. 2. 20NO 20 ESR 250 RAZON 1 20
[sche
80.04 763.0.
ESE
2P.88 759,0
ESE
NW
0
441
N
NNW
S
29.98 761.0 80.04,788.0 80.12 706 0 80.08 764.0
80.04 769.5 30.04 768.0 20.08 761.5 80.04 768.0 30.18 765.8 50 80.26 768.5 52 30.28 769.1) 56
30.05 768.2 72 80.01 762.2 70
29.97 761.2 72 29.95 740.8 70 29.95 780.6 72 29.91 769.7 77
NE
E+
ENE
NW [WNW
NNW
NNE
6
ENE
ENE
29.03 760.876 29.92 789.9 75 99.92 759.9 76
NNE
4
ENE ENE
29.90 769.896
29.92 780.0 29.89 759.2 78 29.24 767.8 73
E
NE
ENE
29.88 759.5 79 29.85 758.2) 76 29.85 768.2 20
29.78 758.4 78
29.84 757.8 76
29.81 757,1 81
29.88 757.670
29.88 737.6 79
NNE
NE
8 NNE
N:
29.80 756.8 79 20.81 757.2 79 29.82 757.8 77
11.00 12.22 29.76 755:8 11,00 29,79 756,6
8 E 1
NE
b
-
***
1429.93 760.8 81
29.84 757.8
29.91 759.7 70
4
4.2229.82.757.4
⠀⠀⠀⠀⠀ion 2 10B2203. ä
October 184, 104, 25m The anticyclone over N. China has increased considerably in intensity. Frash monsoon will prevail along the China coast and over the northern China Sea.
Hong Kong rainfall for the 24 hours ending at 10 am, to-day, 0.00 inch. Total since January 1, 87.23 inches, against an average of 79.45 inches.
FORECAST FOR THE 24 HOURS ENDING AT NOON ON OCTOBER 19.
DISTRICT.
A.-Shanghai to Turnabout B.-Turnabout to Hong Kong 0-Hong Kong to Gap Rock.... D.-Hong Kong to Hainen Straits E-North China Sen
FORECAST
}-N.E. winds, fresh; fair.
C. W. JEFFRIES, Director.
"In Defence of Progress."
In the courts of world business to-day whole territories-even countries-are on trial. Accusations of apathy have been lovelled...
The definite responsibility for progresY placed upon each nation-upon“ each section of a country-by reason of its ex- latence in the scheme of things, is sitting heavily upon the shoulders of the people.
A strong measure of faith is needed. Faith in our capabilities. Faith in our ability to climb out of the marnes of indifference.
With a background of tradition, with the solid basis afforded by wise government and strict justice, with its population of actively Inteliigent people, Hong Kong can refute the accusation of apathy,
This section is going ahead. Land values will be carried upward in the trend of progress, Sound advi.c on the purchase and sale of land and property is highly essential so that every advantage may be taken of the rise in values,
Asia Lands Limited places its entire organisation at your dispos
land transactions.
ASIA LANDS
for all
Asia Lands Limited
Gloucester Building, Hongkong,
Telephone 28880.