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THE HONGKONG TELEGRAPH TUESDAY, APRIL 17, 1934.
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TUESDAY, APRIL 17, 1934.
NOTES OF THE DAY THE SCOURGE OF The Very Idea!
ARMAMENTS AND FEAR
Heavy armaments are supposed to play a vital part in the breeding of the fear and suspicion that lead to war. The accepted pacifist view is that nations distrust one another when they go about armed to the tooth,
and that to demon- strate proparedness is A cer. tain way
Bot neighbour
to
WALL STREET
By RICHARD. L. STROUT
HOW WE BEGAN
By George
IN these days of depression
IN
when so many people's
Staff Correspondent, Washington Bureau of The Christian Science Monitor
only job is looking for one it was lifted No country why to higher detachment as to witnesses, no mat might be well if we should thinking of a fight. Sometimes, country fell faster or harder in the in the course of succeeding battic should be got. Of course all financial babble of 1929. No Individually on the witness stand print our idea of how a job though it seems as if things do not collapse all 20.Untu
A week or of this collapse precipitad one of In certain respects, no odder jobs can't be got like we got
those periodic senatorial investiga- personality than Mr. Pecora ever
follow that formuln. two ago, a huge British fleet was holding manoeuvres in the Leeward Islands, in the West Indies. It wan the mightiest flest England ever sent across the Atlantic. Not since the day of Rodney had so great a proportion of the empire's naval strength visited the edge of the Caribbean
COMPARISON
of Ferdinand' Pecora.
ut Wits.
The scene is in any room with-
in reason: the time anytime.
tions which are so essencialsy at ant in the important chair of coun- ours, but then there aren't part of the American scene. The sal, in the long history of major investigation made the reputation, senatorial investigations. There is many other jobs like our.
a naive quality about him. The Senatorial investigations drag on naivete is coupled with a contradic-. for months, years; sometimes they tory astuteness and subtlety as a sccm interminable, hit-or-miss, lawyer that jully accomplishes its within Reason: random affairs; yet actually they Inquisitorial purposes. But behind dredge up the mountains of facts this is a personal curiosity that anyone you please, which form the raw material for begins where the professional in- Editor: (sitting back In chair futuro legislation and set the vestigation leaves off. There is a holding paper with bored expres- mould of public opinion for a gen- freshness and sparkle about hirsion) Come in, young man, come la.
interest that never wears out.
If
the characters.
And yet this demonstrationeration to come.
Twenty years ago it was the cele. there is one word that describes You want to be a journalist, oh 2 aroused not a shadow of fear or suspicion in the United States. No brated Pujo "money" inquiry. Mr. Pecorn, it is resiliency. Ho And you want a job, eh? one has risen to suggest that these Tint brought John Pierpont Mor does not have any of the Anglo-
Ourself; (wenring choir-boy's about the personality of each new
manduvres means that England la gan before it. Samuel Untermyer Saxon severity. He has a curiosity cellulold collar and look of man-
"
·
•
MATTER OF CONFIDENCE
more
neck!
Ourself: Yessir. Take collar off.
Editor: It takes more than cynicism to make a journalist nowadays. It takes enthusiasm and optimism. Enthusiasm to get a job and optimism to per kunde oneself he's going to hold
it.
Ourself; Yessir.
The Editor: The Journallat of
looking ahead to war with the made his reputation there,
To-day it is the Senate Banking witness which is as objective as about-town) Yessir, United States. Indeed, it is likely that not one American in 60 even and Currency Committee. Once that of a child regarding a new,
Editor: Well the first thing you a John Plerpont Morgan bright-coloured bail. He wants to knew that the British fleet was on
Of those comes before it; and this time it know, first, because he is hired to must learn is not to be cynical. that o.de of the Atlantic. who did know, hardly anyone is a swarthy-inced native of Sicily, and out; and second, because he Take that Seraphic collar off your
Compare son of a shoemaker, "scourge of, is intensely curious himself. thought twice about it.
Mr. Pecora forgets any contro- that state of affairs with what Wall Street," who faces him.
For the past year or longer, veray that occurred in his exam- happened a year or so ago, when the United States fleet held its Ferdinand Pecora has caused to ination the minute the witness is manoeuvres off Hawaii. The whole parade before him, as counsel of excused. He carries no animus Japanese nation became alarmed. the Senate Banking and Currency rum the Senate table. Furtner- The exercises were looked upon as | Committee, the proudest captains more, he carries, as he once tout a direct menace to Japan. It was of American banking. Many have the writer, "no problem to bed asserted widely that preparation come reluctantly but they have with him." It is a singular gift, far war with Japan was the only come, partly because they could possessed, by tow persons. possible motive for such actino, not do otherwise in the face of a This same quality of detachment,
subpoena, and partly because their combined with an easy transition: coming was in keeping with the of moods and a personal interest way the Senate does things, and in the attnirs under consideration, the tradition of American demo-produces a frequent alteration of crucy. Some of these men havaf demeanour during the examination! RUBBER CONTROL
The two cases are almost per emerged with reputations en-or individual witnesses, Thero is yesterday was a gentleman by the There is at the moment a good fects parallel, on the surface. But hauced, or at least, undimmed: good-natured banter. Most of the standards of to-day and the journal- othor others and there have been a good witnesses do not dislike Mr. l'ecors. Ist of to-day only attalus that one passed unnoticed; the deal of speculation in many quared to an amazing amount of war many of them have been less for. They may fret and fume over the status in his obituary notice. ters as to the likelihood of rub-talk. Why? Perhaps the answer tunate. A few have toppled from facts which they are forced her restriction plans being put is that armaments do not, in them- lofty places; a few have slunk spread on the record, but it never
selves, cause leur and suspicion, nwily, broken man.
comes to a personal Issue with the 'nto operation in the near future. | after all. If the national interesta Mr. Pecora, through all this time, inquisitor: Bir. Fecora is far too Holland and Britain are now in of two countries aro in ronflict. or has had one motto.
skilled a lawyer for that. He does "Pick the biggest"--whether it not bully witnesses; he resists communication on the subject, -eem to be, then military demon
stration will provoke uneasiness and is the biggest bank, like tae tuae even the terrille senatorial temp- and it remains to be seen what cause irritation; if lear and sus-National; the biggest banking tation to "browbeat" bank presid- he outcome of the exchange of picion exist to bezin with, in other affiliate, like the National City enls. For this reason, he is all
hetto le to extract views will be. Whatever the words, feet manoeuvres will bring Company; or the biggest banker.
and put} them out Into the
But open.
like Mr. Morgan. His object has etual facts of the situation may they don't--if two nations know been to throw the white light or on the record the ninterial which feaston where "no news is not good se commumiges really interested newa." Itemember Northcliffe, e, there can be little doubt that perfectly well that they are going publicity, which has a dazzling in-facts, always facts, let them "Stories in bones and news in the many of the reports which have to live peaceably, side by side, as quality in Washington unknown to damage whom they may.
running crook." the flaited States and England other lands, upon the operationa ained currency on this subject know it--then the admirals enn of the American financial and have had their origin in at parade their dreadnoughts when tempts to influence the share and where they please, and no one
will think twice about it. Jarket. Industrially, Hongkong not interested in the issue, but rom the shareholders' viewpoint | THE ASSYRIANS he developments are being close-
ased largely on the alleged nced rescuing the industry from complete run, but facts and gures recently quoted in Singa- ore would seem to show that however bad things may have
■
•
Lakn
to
Ourself: Yessir.
Editor: A journalist is always Infallible to the public but he never does anything right to the boss.
Ourself: Yessir.
Editor: This is the only pro-
Ourself: Yessir.
·Editor: If n dog bites a man
speculative system: In short, to Mr. Pecora's personal appear show the Tem, Dick, and larry of ance is somewhat singular, and the United States just what hap-bespeaks his ancestry. His lips that's just natural but if a man pens to their dollar when it roes are fall. Ife can set his jaw sol bites a dog -?
that the underlip protrudes tru-
into Wall Street.
ho'a
Journalists get a bad name for borrowing in their attempts to get the human touch. They get a bad name for drinking in essaying the new angle. If they do neither they get called unobs and even Editors can't be snobs, Ourself: Yeasir.
culently. But generally his face is Ourself: Yessir. An expose of this sort is like aj
mobile, smiling. His complexion
Editor: No. It means y watched here. The plea for Give history plenty of time. and marine expedition: it brings up dark to swarthiness. His hair
strange phenomena from the dark is the most unusual feature of his hungry or is trying his new Bot estriction--hitherto--has-been it can create shifts in its never-green depths into which the dredge makeup: it is as curly and wiry out. An-a-journalist you must
ending
pageant that will leave this plunged. Some of the materini as the common material known as change your perspective. observer amazed. It may thousands of years, but in the end has made the nation gap; some steel wool, found in the house- from the standpoint of ironic of It has made it smile; a good deal, keeper's kitchen, and it is streaked of it has made it grit its teeth with with gray. His eyes are dark and contrast the results are worth it. There are,
a grim look that betokens a resolve brilliant. This is the countenance for instance, noge Assyrian refugees who are about
to extirpato malpractices and in-that the witness meets as he takes stitute reform.
his chair, as the first glance is to start on a long migration from Through it all, Mr. Pecora has exchanged in sizing each other up. een, the present state of the in- the land of their ancestors to sat at the head of as Judy Cilke quality in this native of the There is a certain primitive faun. the Amazon, in Brazil. These mopped his forehead with a hand-talian sod, brought face to face colony along the upper reaches of unperturbed. Occasionally, he has people, a mere handful, have been kerchief, in the heat of Washing- in the last year with many scions of Iraq. They are among the most living in what now is the country ten's summer. Occasionally, his of the Anglo-Saxon socially elite, | may give way to Impulsive emotiona Any lawyer who takes over the but remember, never be a gentle- luckless of modern peoples. Last voice has risen to angry emphasis
over the recalcitrancy of some job of counsel for an important' man at our expense, summer many were massacred by witness. But at the end of the senatoria! investigation requiren. neighbouring tribesmen, and only day he has been calm and smiling attributes that are not always easy action by the League of Nations lu He has hobnobbed with newspaper to find. He must be a good exam- saving them from complete ruin. men, kept on genial terms with iner-that goes without saying.
Senatore, and preserved a personali (Continued on Page 11.)
Under League auspices, a spot has been found for them in Brazil, and they are to be moved there ea
Justry is anything but disco con ng. During last year, the con- Jumption of crude rubber was about 7,000 fons in excess of the revious record total, and nearly 130,000 tons more than the total or 1932. Consumption in the United States was the third aighest on record, while in the United Kingdom the year 1933 established a record. Moreover, BUILDERS OF NINEVEH In spite of the very heavy pro- .uction, stocks at the close of the year were lower than during the preceding years, and everything points to a greater consumption this year than in 1933, Many of be finished. This surely is one of masse as soon us arrangements enu the Straits companies are paying the strangest twists that the dividends on last year's profits, cageant of history ever has taken. and, according to the Straits For these people are the surviving Times, references are heard to descendants, of the Assyrians interim dividenda likely to be cid-the Assyrians who made their paid in the present year.
name mighty in the cast, who bui how far the increased consump destroying angels on such folk as As to great Nineveh, swept down fiko tion is to be explained by ex- the Israelites, and stood for the pectation of an carly restriction power and glory of temporal great- scheme causing purchases whilst hess in all its splendour. prices are low, it, would be diff- cult to say. There seems, how-
Ever, a growing belief that what HARASSED FRAGMENT
That was unimaginably long nga.
is really happening is that rub- ber is beginning to share In the general industrial recovery, and The great city of Nineveh is a heup it is felt
of sand and clay; the canals with that restriction which the Assyrians turned the might stific the new de-bare plains of Asia Miner into gar- mand and lead to most den spots dried up and
muesirable results, Save as a centuries ago; the very name of last resort, restrictions are un- what once the
most powerful Joubtedly bad. for quotas inevit- nation in the world has become ably mean complications and covered with dust, so that it anomalies and the creation of ex., sounds unreal and very far-off pensive machinery for their when we read about it in our Bibles working. As things are, Inatoundingly, is a fragment of that would probably be the sancat far-away timo surviving in the plan, an a prominent planter has twentieth contury—a pitinble, suggested, for the industry and harassed fragment, paved, from the Governments concerned to complete extinction only by the prepare a scheme of control and League of Nations, and exiled to. nave it ready to carry into effect of all the strange tales of history, a far-off jungle to start life·nnow! ahould it become clear that the this one is surely among the only alternative la disaster.
strangest.
or our history books. And here
"Arthur is trying to make good use of his Saturday afternoons.
Editor: You are young yet and
Ourself: Yenasir.
Editor: You will find that we shall give you plenty of work to do but your sleeping hours will be your own and God help you if you spend them in the office!
Ourself: Yessir.
Editor: Your conversation shows me that if you don't report you will at least never be reported. 50 T engage you for the job.
Ourself: Yeanir.
Editor. Your first job will be to type out all we have said, take out the "Yessirs" and memorise it. Repeat it every day, Learn it woll because you will only have time to Bay it in your sleep. After that bring me a copy of Punch and a cup of tea and let me know when our paper comes out.
Ourself: Ycosir.
Exit with collar and job.
·
*
Twenty Years After
or The Editor's Croon Bong It was Monday in the morning, and the time was nine o'clock, we had that after party yawning, as we heard the tea boy knock. And we stretched n. Irg, rolled back to bed and slept on and slept on like a rock.
The telephone bell tinkled, a letter cams from Homo; the cold shower gently sprinkled, our saving brush mado foam. By cleven o'clock we wern At min ton, and wore wielding the old brush and comb,,
It was Monday in the twilight, az wo strolled In the old office, door; 'wo mado auro that all was all right but wo hadn't the time to do mothy so wỆ turned out the light, bade the watche man goodnight and want out through I the cld 'office door.