A. S. WATSON & CO., LTD.

WINE AND SPIRIT MERCHANTS.

JEFFREY'S

CELLBRATED

PILSENER BEER.

BREWED IN SCOTLAND.

Prices: per case of 7 doz. $24.00

per dozen

3.50

TELEPHONE 616.

Cable Address: Telegraph, Hongkong.

Telephone: No. 1. A.R.C., 5th edition. Western Union.

4uiice at reset 11. Tee Hones Street.

Death.

DYER-A: Glasgow, on the 11th inst. Mane Aquar! Ferguson, wife of the late Dr. Henry Dyer.

NOTES & COMMENTS.

DAY BY DAY.

The Failure of Sovietism. IT 19 RETTER TO SLEEP OVER WHAT YOU ARE GOINO TO DO, Those who still think that theHAN TO BE KEPT AWAKE Soviet system of Governrient as AFTERWARDS BY WHAT YOU now being worked in Russia is an

ideal at which to aim would do HAVE DONE.-Lord Aveburg, well to read the testimony of the]

The system had already received eyes and the dates open. many serious criticisms sud con- demnations, but this last exposure, coming from a man known because of his "advanced" political lean ings, should help to write this to a political creed that is fast spelling its own end. It might be argued that it is not the system that is at fault, but its perverted application: that in attempting the experiment the Russians have fallen victims

their shortcomings. But the fact that Sovietism as tried has been found) 13 ba more autocratic tyrannou- than

The Hongkong Lawn Tennis meeting at the H.K.C.C. pavilion at 530 pm. on Tuesday next.

Association is to hold its annual)

10

return

Yesterday's health shows that there was only one non-fatal case of enteric fever

parted. The Britisher.

sufferer

is a

this

The Tatim, that

booking opened there has been an almod unanim.Morning for Yadame Lottie lous condemnation of the system tionton's grand charity concert by those who have gone to Russia on Saturday. There was a big

study the workings of in, should demand for tickets. euna one of the beef that theza inf Food in it. The theories of thei Bolshevists might read Reale, but When These same:

JANUARY 19, 1991.

THE RACES.

TRAINING

NOTES AND

TIMES.

BY

-WIRELESS."

well-known American Cam- "The Pharies" are coming, an

By way of introductio : let ma Sir Paul, with a string of giving satisfaction totheir owners. munist, Schwartz, which Reuter February 15 and 16. Keep your remind owners that the entries over half-a-dozen, has not yet Canfield (late Moralis:) now cabled through to us yesterday. I

for the Annual Race Meting of named hia ponies, but I owned by Mr. John Fest, is very the Hongkong Jockey Club close believe that his best is the white lively on the course and so is Char- on Saturday, January 22nd, and pony, which, it is rumoured, ing Cross, which belongs to Sir ia prastically a certainty that cost him over Tis. 2,000, Mr. Paul. Sovereign Dahlia, Conqueror the number of entries will surpass Lemarchand, of Shanghai, who Dahlia and Champion Dahlia arÚ all previous records. There ste is in the Colony at present, has coing strong and thess ponies will at present over 200 racing ponies, three ponies, and his skawbald is undoubtedly give Sir Paul a fow in the Colony. Enthusiasts must considered his best. There wins. Siamese Cat has been aWSY not for a moment expect that the arrived last Saturday an old from the course for quite a good times of every pong will be clack-pony in Exchequer Bell" while and I understand there is ed on galloping mornings, bus the together with three Darby something wrong with this pony. publis may rest assured that, griffins for Mr. A. G. White of Spotted Sand, as usual, is full of through the kind assistance of Shanghai who has never raced pap and so is Spoilt Child. Dandy Messrs. M. S. Sassoon and C. M. in the Colony before, and I Child is very fat, apparently Alves, the good ponies will be sincerely hope that his ponies eating too much, and no doubt "chinged" I wish to avail my-will be in the pink of condition the trainer will have a strenuous sely of this eatly opportunity to for the meeting. Mr. A. G. time in bringing this pong into extend a dus apalogy to any Stephen, of the Hongkong Bank, form. Strathfarrar, belonging to owners if the times of their ponies has two candilates-a chestnut Mr. R. MacGregor of Shanghai. are not published in this paper, and a grey. The latter measures was measured yesterday morning The principal interest will only 12.2 bands, though it is and the height was returned as undoubtedly be centred in the reported that the pony is good 13.1 hands. This owner has also Hongkong Derby and Champions, for # long distance. Mr. Derby pony, and it is reported" but as we have another month to Stitt, of the Shanghai Branch, that it did a good gallop in Chinese returning A

go, it would. I think, be inadvis has a grey, but I have not been Shanghai prior to being shipped banishment

this morning able to express too much of an able to ascertain what this pony to Hongkong. people tolerate imprisommiert.tenced by Mr. R.E. Lindsell to opinion as to which owner has can do. Sa soon as one knows executions nine months, hard labour for this the best chances of carrying off the paraes and persecution

This morning there was quite and another. without trial and have brought | Offence

of all the Derby a good attendance of interested three these big events. The Dark Blue candidates their times will be owners, among those present their countrymen 10

safer Months for stealing

and White Hoops (Mr. G. H.worth publishing

being noticed Sir Paul Chater, starvation, diseran and death, f

Potts) have won the Derby twoj As regards the Old Ponies, Sir Ellis Kadoorie, the Hom: Mr. ears consecutively and this year Mighty King (winner of last John Johnstone, Major General same owner is well repre-1year's Champions) is not in his and Mrs. McNaughten, Mr. and sented with four candidates. The usual prime, but his stable com- Mrs. Bell-Irving. Mr. and Mrs. Dark Blue and Silver Braid panion. Mountain King (holder of D. E. Clarke, and Messrs. Henry Princely House) has over seven the Challenge Cup) is quite the Humphreys, A.M.L. Soares, C. E. ponies, and I understand that of reverse, The Ameer fa good Warren, H. P. White, G. C. these "Coat-of-Arma "' is the long-distance stayer) is looking Moxón. Lemarchand, L. Cassel, best. His stable companions--well, and is well worth being Jupp, L. N. Leefe, J. Paterson, etc. Adventurer, Ankle Deep, Twinkle watched. High Tide is not shap The summons brought by Mrs. Toes, Soapy Sponge and others-ing up to the mark, but Paper sand track. The times taken are All the work was done on the dives unjust autoctary to come size against her husband are all doing good work just now. Money and Silver Streak are given below: and imposes a mean sevinile on wilfully neglecting to provide ~thers. There

ber are bear what for

maintenance *38 laeve that the end of the journed are die at the Police Soviet regime in Russia wanna Court this morning. It is under. Be much longer delayed; tharjstood that the parties have come there will be a counter-revolution to a settlement outside the Court. [having as its objees the wetting

for their theories. Dem crack

Was

from

there is not much to be said The Res, J. Kirk Maronachie demands that protection. and Mrs. Maconachie. Dr. and portunity Ar devel puents. Smalley, and Mr. G. P. -hall be given to all that furry were amongst the passeng

Terts "shall be duetined to its es returning from Home by the

Mentor yesterday.

tras in its so that one man's liberty is net paju lirel by thei Huphaniety of another. Svietis

The Hongkong Telegraph

HONGKONG, WEDNESDAY, JANUARY 19, 1921..

THE INDUSTRIAL OUTLOOK.

sretius to give liberty to none; it

፡፡

the

Posy's NAME

Allied King Pantile Mountain King Marble Tile

up of a government on lines more approximate

t nther! meeting of the Diocesan bishe: Governments of School Old Boys' Association was Europe. For our own part we held at the School on Thursday hope that that belief will emning. A remporary Committee, deperdity justified for the cans with power to co-opt. was

of Russia's brre enn fiti in seems Ponted to draw up Rules and

and to kot deep, in the bar domen: Regulations

to

discuss Louza of the familiar system. The old arrangements for the year. This ispeten was not perfect, but itUommittee will report to a meet- was the best that Russia has reling of the Association to be held

at the School k own.

February 1, at 5.30 p.m.

The Pilferage Plague.

W3S

is

easily

03

Tuesday

By order of the mortgagee. the

ment were present

Tues

Antony Coat-of-Arms Slam..

Fighting King Evergreen White Tile. Repulse Bay Chief

Cassel's Black and Grey Derbies Spoil: Child Adventurer Paper Money Spotted Sand Pott's Two Bay Derbies Harbinger Star Drer's Grey Sub...

Grey Tile

Don Carlos

05

05

the

Stephen's Dun Sub. Bichfield's Grey Sub. Pawnshop... Pott's Chestnut Derby White's Gres and

Chestnut Subs.

Distance

14 40

45

sacka 8 dansk e a 3 macedagte ÷ 88=ac÷Ño mas

L

1

14-16 134

Last

quarter

1.10 1.53 1.11

1.43

32

1.17

1.14

1.53 2.24 1.45

31

31

1.54

2.23

34

35

35

1.18

35

41

1.18 1.55

40

1.15

1.12 1.49 2.25

1.55 Li 1.48 2.19.4

2.29 1.49.2 2.22.1

2.57.3

32.3

223

33

31.4

34

32.4

1.15

1.52

2.24

32

1 15 1.54

2.33.2 3.06.2

33...

1.29 2.11.2 2.45

36.3

1.43 2.20

32

1

35

1.49 2.21

32

1

35

1.08. 1.45 2.18

33

39

1.13 1.50

2.22.4

32.4

46 1.20 2.09.4 2.43.2

33.3

33.2 1.15.2 1 51 2.24

32.3

38

1.16 1.52 2,25

33

144 35 1.10 1.47

2.23.2 2.56.2

33

1 40 1.16 I 53

1 39

1.17.2 1.54

2.48

2.30

35

36

40

1.20 1.55.3

35.3

M

38

1.15 1.45

33

37,2 1.13.4 1.47.1 2.19

31.4

1

41 1.21

1.59 2.31.3

32.3

35

1.07 1.42 2.18.2 2.53

39.3

23

1.14 1.47′′

33

42

1.21 1.59.3 2.34.2

34.4

37.3

1.14.3 1.47

32.2

45

1.27

3.5

I 11

2.05.4 2.40

1.47.2 2.19.2

34.1

32

36

1.12.3 1.48.3 2.22.2

33.4

40

1.20 1.58 2.30

32

35

42 1.30 1.57.2 2.28

1.09.2 1.42.3...

+

30.3

33

1

33.2 1.09 1.47 2.21.2

34.2

37

1.14

1.51.2 2.26.3

35.1

34

A shipping man of the Culony was speaking to us the other day Although there appear every now and again signs which give about the increase in piling, China-o steamship Hok Canton to the hope that business conditions throughout the world are hith he anted to habits was auctioned at Mesurs. G. P. dually improving, it is still undenially true that we are as get) as paired in the wan

Lammert's raona yesterday, and Certainly far from normal conditions. In looking at the present situa-1"krounging “

provalent was eventually knocked down to it is well to remember that there are three distinct economisch both in barracks huts Mr. Lee Yall for 310,000. The bea to be taken hulp of These are war, transition and normality. and still mere at the of vessel is registered at Canton.

in this connection, the Longton ha tor regently tak decasion rations. When an aquipment idho has a cross tonnage of 554 451 int out that we are not half-way through the second, and until of Nit inspection was saldenly and a registered tonnage

Bell Irving's Black Darby jave entered from it, general tablook and programmus policies announced

Cox's Larsen Kuowing $57.00, and ber dimensions are asi Tommy. evoid of meaning. The regiment of exercise and diet that might (timself to be devient in or ano Flows-Length, 11 fect Cassel's Black and

Greg Deźbies Sundly prescribed fora man in rude bealth, has no application faciales, tik the start eat to extreme breadth, 23 feet and.

Ricbfeld' Chestnut e victigrof fever or concussion. The business in hand is to get replacement by helping himself to depth 14 feet - atient through each day's vicissitudes until he is upon his legs somebody else's, and in the rough-i

Wayloong's Brown Pott's Black and . And, conversely, the remedies of the sick-room have nulanditeady lb of the f-11'the) Chu Mau and other Socialists

Dun essary bearing on the convalescence to follow. The medicinal incentive to pick up unconsidered. of brandy or cocaine dues not certify it as a permanent form of trifles, to say nothing of more Kung Yick, in Farun District Dandy Child have started to put their village. Fores: Chila fishment. There ought to be a clear demarcation. therefore,valuate property. ween the transition treatment of industry and the measures to funterein !! This sarely ex-

Kwangtung, under co-cperative Twinkle Toes pplied when recovery has been achieved. Decisions in the ons plains the widespread pilferase rural community in

plan. all villagers working in this Soapy Sponge

Nemazee's Bay Derby To ought not to be taken as prejudicing those in store for the the docks that js going

common, Ja order to facilitate unity of purpose and diepul misgivings on in the 04 Comtry, wher Putting a new social order into Burkitt's Black Sub. dux, whatever steps are taken now should be plainly stampe the practice assumes the charac-experiment. The formal opening Mrs. Leslie Smith's Sub. their temporary character. The passage towards normality of an organised Vinduerre January 17, when mans Canton

Flof the village took place Des Voeux's Grey Derby broadly marked by the dial of the foreign exchanges. But air unte-dates the war in fact. But or at most a five years limit should be specifically attached to it is only in these latter daya that itisere interested in the experi- egislation on the immediate state of industry is held to require. it has acquirect such formidable)

piain fact to be faced is that manufacturing industries are dimensio, whatever the cause. inaugural ceremony Centon ed by the common influence of a top-sided exchange which The losses incurred by a single their products too 'cear for the foreigner to buy and subjects firm during the past year soundi to withering, if uneven, blasts of competition in the home incredible, and in that period]

Pott's Big Chestnut Derby ket. No theory of international trade has contemplated such a legal's paid over some £600,000 clothing which had been stolen Des Voeux's Larsen

The owner of a quantity of Beggar King and..... rity as now exists between the currenstes of individual nations besides the compensation from him at No. 33. Gough Street Mrs. Leefe's Sob phenomena as a penny mark and a fourpenny franc lie quite plied by unattached companies. by a boy. told the Magistrate. J. J. Paterson's Sub,

the reckoning upon which economic faiths, have been There was also the loss of uning this morning, that as he was a , and it is no more than a foretaste that we have yet re-sured cargo.

and Lighting of their significance. While they last. foreign competition in seems to have become general, as virtue of forgiveness and charity, Don Juan

Pilferage, indeed. Christian and had learned the Don Pedro... commodities must cease to have anything competitive underwriters eventuali refused he would prefer that the charge and become sheer murder for the British producer. Ato insure cargo for the Baltic be not too severely pressed against may soon mature in which, if Parliament refused to listen trade, where theft was particul- the defendant. Accordingly Mr. idersold manufacturer, it would very soon have to lend its arly rife, though something seems Lindsell decided to discharge the unemployed crowds from his closed factors. To remain to have been done towards reboy, after Laving secured bis at to the devastation of a "dumping so distinct in its medying this. From New York, guardian and another man to sign id in its accentuated force from what usually passes under too, come reports of extensive a boad as a guarantee for his

bank and became e, would argue a cynicism which no party will care to pillage. The London Chamber

the then in the United States-and To defend production and employment from such a type of of Commerce, acting on behalf of

good behaviour for the next!

leading banker of the country. disposed of his millions in a will ce is on the same footing as their protection from flood or a number of industrial badies. six months.

Yet at the height of his riches almost as remarkable as that of ke. The main difficulty will be the balancing of each has made stronz representations

Girard lived alone in a small back Coil Rhodes. This crabbed, vital needs with the just requirements of those others to to the Home Secretary, and not

room nesr his wharves, and grudg-wiserly old man," writes one of American millionaires, whose ed every cent he spent on himself. Girard's biographers, "who had * purveyor and with the interests of the ultimate con-too soon,

perhaps is the United States numbers show a diminution in He drove merciless bargains, and show so dour face to his at to be difficult is not to be insuperable, and the sease of

Bureau of Shipping, which is the latest income-tax statistics, worked in curious ways to bring neighbours, proved after his death hergency ought to make it easier for the producers and Rivals to Lloyd's.

planning to appoint its own represent a growth of little more them off successfully. commodity to come to an agreement upon the course;

People to have been a philanthropist of Apropos of Lloyd's, it is unfor- surveyors in every port of any than a century. The earliest, and with whom he did business were breadth, discrimination, serve both,

and tunate that the unprecedented consequence. Seemingly its in some ways the most eccentric, asked to call on him at midnight, generosity He scattered -his- turn to America, wo find a business slump handicapping dispute within that sugust body purpose is classification not was Stephen Girard, a French and would be kept talking for two fortune like a sage and a seer. in Britaio, unemployment is growing. Factories are which we recorded the other day icsurance, but it may lead to sailor, who settled in Philadelphis or three hours until they came to He fed the hungry, clothed the hort time, closing, curtailing. Prices in wholersie lines should have happened at sil, and development in the latter, as in 1772 as a wine merchant on terms through sheer exhaustion. needy, and helped to lighten the

materially, retail prices, though they have not followed more so just now when other America stimulated probably by small scale, and henceforth was He iderable extent, are bound to follow. Over-production is countries, especially the United ber shipping advance, has ambi- bound up with the destiny of the generous to charities, and, though of all his bequests was his endow was, bowever, lavishly burden of taxation. Most famous cause of the trouble, but over-production in any real States, are making a bid for tons in the direction of becoming Quaker city. He built fleets of a bitter atheist, gave much money meat of Girard College, for ther not exist. What does exist is inability to market goods wider recognition of their the foremost marine-insurance merchant vessels, established to churches, because he held that education of orphan boys. Here. off: inability to sell back to the men and women producers maritime organisations. We centre. One cannot well imagine chains of wharves and warehous-they improved the appearance of he made the stipulation that no- batry the goods they have produced. There is something read the other day of the suc- the two-century primacy passing, created whole residential dis- the city.

religious service should ever:be" ibe îndu-trial machinery when all the people cannot cessful meeting of the Bareau from the famous institution at tricts, and when the Bank of the On Girard's death, in 1832, he hell and that no minister..of- ly fed, clothed and housed. The problem and it is Veritas (the French association the Royal Exchange, but in these United States

threatened to left an estate of ten million religion should ever pass the to all countries-is how to make the industrial for the classification of vessels), competitive daya even Lloyd's top payment ret up bis 'dollars the largest known until gateway." eet all the needs of all the people?

bat a more formidable compositor | mast look to its laurels.

TO-DAY'S MISCELLANY.

"

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