10
THE HONGKONG TELEGRAPH. THURSDAY, DECEMBER 18, 1919.
Cn the right is Storker Storkersen, the famous explorer, with his chief, Stefanson, who were adrift for eight months on a huge ice float, whilst with the Canadian National Arctic Expedition.
Photo shows Queen Elizabeth of Belgium with members of her party viewing the wonders of the American River from a point along the Blue Canon, California. Inset: Albert, King of the Belgians, in the locomotive cab of his special train which he alternately stoked and drove over a stretch of Ohio country.
This new type of tandem cycle is the invention of a German. There is an adjustment for equalizing the weight. of the cyclists.
Above is seen Colonel E. M. House, member of the American Peace Mission and intimate friend and adviser of President Wilson, arriving home in greatly weakened con- dition on account of recent illness, his physician assisting him down the steep gangway to the pier.
FUTURE, OF EUROPE.
THE TREND OF WORLD INDUSTRY.
Russians fighting way to fence to receive food from British sailors at Archangel.
may
LADY ORANN
NE
A recent photograph of Lady Cranmore-Browne, wife of Lord Geoffrey Cranmore, Representative Peer for Ireland." She visited America along with other British nobility with the Prince of Wales.
This
or One of the first necessities of the position. It is true that Germany luxuries. It must be remembered connection that the to face a financial crisis which the war has led to a wholesale withstood.
Should it case is, therefore, the restoration might be the principal gainer by in this will menace civilization itself in transfer of wealth from Europe 10 may not be the case.
of raw -mater- this continent, the external ob thay New World, it seems also be so there is every reason why of settled conditions in Russia, the revival of Russia. Even so, European States control va
could Italy
expect & in) in Can very probable that it has shifted all possible efforts should be made so that the vast wheat-growing the United Kingdom, France, reservoirs
Africa, Asia, and staclea will still remain.
share. of this the Pacific Islands; in which they hey be surmounted or must we the Industrial centre of gravity of to retard it and keep it within areas of that country may again and look to a complete transforma- the earth. In fact the question proportions which will prevent be brought under cultivation. It considerable
occurrences. is doubtful whether much will be exchange of commodities with can for a long time to come secure tion of European trade and its at the back of some men's minds any catastrophic Diversion into entirely different is whether or not the decline of the Assuming that the tendency is gained by attempting to increase Russia. German competition in to themselves a market for (suffi- It is doubtful whether the full channels to meet the changed European Continent as the leading really at work, the problem to be the wheat production of countries other markets might be lessened cient manufactured goods to pay ditions are unfavourable. But if large customer in Russia. ItThe key to the whole problem effects of the war on European conditions brought about by the centre of activity of the White solved is how to keep the process in which climatic and other con- if that country were finding a for raw materials produced.
Race has definitely set in. If this under control.
On of the first things that wheat were available in Eastern Europe, with the Middle East and would seem to be Russia. Upon commerce and industry and the war?
We are too closely involved be so, manufacturing will, as time. immense changes in the world's trade which will result from it the grave events of our day to goes on, be carried on more and would appear to be necessary is Europe in exchange for manu- Northern Africa, could make itself the speedy restoration of order in would be greatly foodstuffs, much would have been that the whole future of Europe. be able to see things in their more in the countries which the stiumulation of food produc-factured goods, the American approximately self-supporting in that great country. It is possible
and would improved
would done to remedy the present state hangs. Without Russia's vast are yet in the least understood. true perspective. Still it is pos-possess the raw materials, the tion in Europe to its maximum exchanges
large market for of affairs. It would still have to wheat lands, Europe is like an are sible to detach oneself to some fue! and the labour in their own possible extent. Certain outstanding facts
manufacturing sell sufficient manufactured goods engine without a fuel supply, or plain enough to all except the extent and to attempt to find territories.. A movement of po-bare the effect of reducing be
That all the some elevated point from which a pulation towards these countries imports from the New World the European
against essential raw materials required with profit. A near and cheap successfully survey of the forces at work would be the inevitable result. and would do much to restore countries in which they could in other markets to pay for the with one too distant to be utilized: larger European States and many can be made. From such It is possible that this decline the normal rates of exchange be compete
foodstuffs and The Titnes. tropical elevation
geographical land one outstanding is part of a world movement tween European States and those New World countries owing to by its manufacturing industries supply of food must be secured, of the smaller ones are in the an
American Continents. advantages indefinitely of the desperate position of requiring to feature comes into view. Just as yhich
labour extremists.
import large quantities of food- stuffs without being able to export anything like a corresponding
to
value of their own products is a matter of common knowledge. It ia also fairly evident that the high freight rates to distant parts of the world now prevailing, not only act as a handicap to all attempts
regain trade in those regions in competi tion with other manufacturing| countries which are nearer at hand, but also tend towards the growth of manufacturing in countries which, but for the war, would not have been able to develop their own industries for many years to come. These difficulties in the way of restoring | export trade are altogether apart from those due to decreased pro- duction and increased internal dem and which are common to all the war-worn European States.
ng that these internal biles can be overcome, asi
be unless alt Europe is
cannot be
DO:NGS OF THE DUFFS.
NOW THAT HELEN HAS THROWK COLD WATER ON THIS OL STOCK PROPOSITION
1 HARDLY. KHONNE WHAT TO DO-
I BELIEVE ILL GO OVER AND GET ÅÅ· OPINION FROM ALEC BRAIN, HE'S MADE
A LOT OF MONEY - I'LL ASK HIM MRKT"
HE THUNKS ABOUT IT AIN WAY-
This
В
of
there
The first hundred years are the hardest, Tom L
WIN, MR. DUFF I DON'T HAPPEN TO KHOW ABOUT THIS TEXTUS OIL COMPARY OF WHICH YOU SPEAK- OF COURSE THERE ARE MANY OIL COMPANIES, SOME GOOD AND SOME NOT SO GOOD - DES COURSE. IF YOU HIT IT RIGHT NI THE OIL BUSINESS YOUR FORTUNE IS MADE - OF COURSE À MAN
HAS TAKE A CHANCE SOME TIME IN
∙HIS LIFE
THAT'S THE WAY FELT ABOUT IT
YOU KNOW! OIL WELLS ARE HIGHLY SPECULATIVE- | KNEKİ A FELLOW HAMED NSKAY THAT KNESTED Á "THOUSAND DOLLARS, IN AN OIL PROPOSITION WHEN IT NIAS YOUNG AND IS HOME IMMENSZŁY WEALTHN- THIS FELLOW HAS HIS PRIVATE STEMA YACHT, A BIG ESTATE AND A HALF DOZEN AUTOMOBILES-
ALL ON A VÉRIN SMALL ORIGINAL, "UNESTMENT"÷I DON'T KIMIT TO
OFFER MAY SUGGESTION_BUT“ |
IF IT WAS ME, I WOULDN'T POT'A NICKEL KITO IT!:
BYALLMAN.