1933-06-08 — Page 6

LENTHERIC - PERFUMES

if you are blonde

Asphodele

Le Pirate

Au Fil de l'Eau

if you are brunette

Lotus d'Or

Folet Vierge

Miracle

LENTHERIC-PERFUMES

exclusive

fashionable

Parisian-Perfumes

A. S. WATSON & CO., LTD.

The Hong Kong Dispensary.

HONG KONG.

GRAYS

Gray's Vellow Janfem

Shop's

FOR DAINTY LINGERIE, PEKING JEWELLERY, CURIOS, RUGS, A NEW SHIPMENT OF WASHING

DRESSES AND BEACH

PYJAMAS.

GRAY'S YELLOW, LANTERN SHOPS

L

Alex. Bldg., Tel. 24506. Hong Kong Hotel, Tel. £7424.

and Gloucester Arcade,

Also Arcade Peninsula Hotel, Kowloon.

For Festivities give your friends a good Champagne,

George Goulet la Vintage

1921 -the stocks are limited

and it can never be replaced.

Ask for it in the Hotels.

CALDBECK, MACGREGOR & CO., LIMITED,

(Incorporated under the Companies' Ordinances of Hong Kong.)

Prince's Building, Ice House Street.

Tel 20075.

DRYCLEANING & DYEING with up-to-date machinery and by, experts. PROMPT-NEAT-RELIABLE. Dresses and suits returned on wire-hangers free of charge, Special Motor van collects and delivers all orders through our agents, twice daily. Direct delivery can be arranged. EVER - NEW CLEANING & DYEING CO. Head Office and Works : 303, Main Street, Shaukiwan West, Tel. 26005,

AGENTS:-

Shanghai Suk Mart, 80, Queen's Road Central, Yee Hing, 61, Des Voeux Road Central,

Agia Tailoring Co., 331, Nathan Road, Kowloon,

We are now offering at an

EXCEPTIONALLY LOW PRICE

the gas operated, air cooled “FREEZOLUX MINOR.”

THE IDEAL REFRIGERATOR FOR OFFICES, BACHELOR APARTMENTS AND SMALL FLATS,

?

A

It has no moving parts to get out of order and being air cocled docs 'not require running water. tiny gas flame does the work and the quantity of gas consumed is negligible.

This refrigerator besides keeping moderate quantities of food and drinks perfectly cold will produce about 2 lbs. of ice per day,

Models may be seen at our Showrooms or our representative will call upon you with full particulars if désired.

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May be purchased for each or by instalments.

FREE SERVICE AFTER FIXING.

HONG KONG & CHINA GAS CO., LTD.

Central Showroom- Gloucester Building. Kowloon Showroom, 246, Nathan Road. Offices - West Point Tel, 28181

THE CHINA MAIL.

Whiteaways

FAWAY LAIDLAW & CO LTD,

BACK TO PROSPERITY

SALE

BARGAINS IN FOOTWEAR OVER 600 PAIRS

LADIES' & CHILDREN'S SHOES, ODD RANGES & SIZES. ALL

LESS THAN QUARTER PRICE ·

50 PAIRS ONLY.

MEN'S SHOES, SAXONE AND SO.EASY MAKES. Samples, etc. TO BE CLEARED

AT $10.00 A Pair,

40 Pairs Only

MEN'S CANVAS BATHING SHOES, with Rope Soles. All Sizes.

SALE

PRICE

$1.50

Pair.

HUNDREDS OF OTHER BARGAINS

AT

WHITEAWAYS

The China Mail

schools who applauded sky's orations, but urged him to act,

HERE, THERE

and

EVERYWHERE

World's Rarest Stamp.

THURSDAY, JUNE 8, 1933.

AMERICA'S FINANCE

DYNASTY

PROBLEM OF THE HOUSE OF J. P. MORGAN

The world's rarest stamp will shortly come on to the market. It is the famous native-printed la. British Guiana, of 1856, of which it is the only example known to |philatelists, and was the feature of the remarkable collection formed by the late Mr. Arthur Hind, a wealthy American manufacturer of under fire of a United States Senate Investigation into its income English parentage, who died in tax payments, was written at the time the first reverberations were March.

The investigation is in progress, and the

20 DIRECT VAST AFFAIRS

(The following review of the powerful House of Morgan, now

Mr. Hind acquired this specimen felt in Washington.

philatelic survey is particularly timely). ‚'

when the Ferrari

treasures were sold in Paris in 1922 for the equivalent of £7,300. and shortly before his death it was

insured for more than £10,000.

體

By WILLIS THORNTON.

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New York, April 27. ¡Any partner may withdraw on Once again the mysterious and three months' notice, and the in- mighty House of Morgan must terest then due him is determined Masterpieces In Japan. stand, as it stood 20 years ago, be by Morgan, who can also compel Two masterpieces by the famous fore a Congressional inquiry and retirement of a partner, "The part 17th century Dutch painter, Bar-the judgment of the American nerships run for definite periods, tolomaeus van der Helst, have just people.

seually about three years, renew-

been discovered in Japan. One la "Once again we try to lift the able at expiration. Thus the part- a portrait of King William III of lid and peer into the greatest hers are in a sense merely em- England.

private banking institution in the ployes.

The Dutch Minister in Tokyo, world, the House that has domin- The name J. F. Morgan & Co., Herr J. C. Pabst, after examiningated American finance for nearly must be discontinued 15 years some old documents, declared that 70 years, that has become synony-after a descendant of the elder J. two missing masterpieces of van mous with money and the power P. Morgan bearing his name ceases der Helst had been presented to that goes with it.

to be associated with the company. Shogun Iyeyoshi Tokugawa in 1844 Is this House a dxancial octopus. The firm is a member of the New by King William II of the Nether crushing into its greedy embrace York Stock Exchange. lands when he proposed to open all money, all Industry, all the

Partners Number 20. · up trade with Japan.

financial life-blood of the nation? The number of Morgan partners The missing pictures were port-Its enemies say so. is it an ad-varics. At present it is 20, as fol- raits of William II (grandson of mirable banking institution, rooted lows: J. P. Morgan, Edward T. William the Silent), Prince of in character and trustworthiness, Stotesbury, Charles Steele, Thomas Orange and Statholder of Holland conservative anchor in times of W. Lamont, Horatio G. Lloyd, (1626-50), and of William III bad banking, reorganizer and doc-Thomas Cochran, Junius Spencer 1626-1702), the Dutch Statholder tor of sick industries? Its ad- Morgan, Jr. (son of J. P..and great- who became King of England. mirers would have you believe .90. grandson of Junius, founder of the Japanese officials said thay To the tourist strolling through House), George Whitney, Russell Keren-would investigate the matter, and the narrow canyon of New York's Cornell Leffingwell, Arthur M. An- never how the pictures had been dis-Wall Street, it is a squat, severely-derson, Francis Dwight Bartow, bad covered in the warehouse of the plain building set into the corner william Ewing, Harold Stanley, only had courage and initiative, military museum, where had been of Broad and Wall streets, directly Henry Sturgis Morgan (second son Russia to-day would probably stored and forgotten.

across from the sub-treasury and of J. F.), Thomas Stilwell Lamont possess the kind of Constitution] The value of the two paintings within a stone's throw of the, (son of Thomas W.), Henry for which her idealists have is estimated in Tokyo at 500,000 Stock Exchange. Towering build-Pomeroy Davidson (son of Henry sighed for a century. Kerensky Yen (about £50,000 at par). jinge overhang it on all sides.

P.), Thomas Newhall, Edward and his colleagues knew of the Batolomaeus van der Helst lived The plain, massive, door-tintel Hopkinson, Jr., Seymour Parker menace from Lenin and his par-from 1613-1670. He spent most bears no inscription. Letters com- Gilbert and Charles Densten ty, and could have crushed it at of his life in Amsterdam, and ing from that office bear no legend Dickey. the outset. But no; they talked, studied under Frans Hals, whose but "23 Wall Street." In the inan- Close connection with the Lon. There is one lesson which the and they went down, as mere style he followed.

cial section it is known simply as don and Paris affiliates of the firm, world in recent years has had talkers always do. The price

"The Corner." Faint traces may Morgan, Grenfell and Co., and set before it in letters of fire, which their unhappy country has

still be seen on this stone front of Morgan et Cie, is assured by mem and that is, the fatality which since paid in slaughter and mis-

the bomb explosion by which in berships of many of the partners attends weak government. Nolery as the sequel to a revolution

1920 a fanatic tried to destroy it. (in these firms. teaching of current history is which at first was almost blood- A doctor declares that spring |

To the business visitor, the in- Each partner is a specialist in than this. less, is beyond all calculation weather does not agree with every a large room on the main floor, holds many directorships. But not more conspicuous

terior is equally strange. There fala field of finance. As such he Rulers who do not rule cannot The doctrinaires were more cast-body. And that includes the be expected to endure. That ly in the end than any militarist. meteorologists.

but it was at one time, as the world

Hong Kong, Thursday, June 8, 1933.

The Wages Of Weakness.

of course, was always true,

Your Daily Smile

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WRONG AGAIN.

the comparatively stable world has slowly learned, touch and go Reflection.

་་

Ranged fa rows, suggesting as many as you might think. For schoolroom, are the desks of the instance, J. P. Morgan, head of the 20 Morgan partners. Little is seen House, holds far fewer director-

of the later nineteenth century whether Italy would not follow A fat man can have a very thin of the nearly 1,000 employes of the ships than many Wall Street men. Įtended to lose sight of it. Since the same tragic road.

The mob time.

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firm. Most of them are in an ad-The only important ones are: U.S. joining building,

1

Steel Corp, Pullman Co. and Pull- man Corp., First Security Co.

No Sign of Activity. At the far end of the room on (N.Y.), Aetna Insurance Co., and the side facing Broad street, be- Discount Corp. of N.Y. He is hind a low glass partition, is the listed as a director in seven other desk of J. P. Morgan. An open corporations, but they are all fire burns on the hearth; an oil church or philanthropic connec- portraft of the elder J. P. Morgan|tions. looks down. There are conference

the present century dawned, was in charge of the country, and however, reminder has been fre- a helpless Ministry looked on and Another Impending Apology. [quent and vivid. Such remin- did nothing. Government was "Lady' was a danger on the der, put in concrete form practically suspended, and those London stage before her marriage." amounts almost invariably to who should have been exerting this: that the most violent reac-lawful authority allowed a point CHICAGO CAMEO, tions of all, whether to the Right to be reached at which Bolshe "Is that the car back-firing?" or to the Left, result from the vism seemed the next and cer "Nope, only a gun." feeble fumbling of some mildly tain step. For that situation Ireformist regime. Even before they were directly responsible, Club Cameos of the Fast,

rooms on the floor above, but most; Even Morgan's personal fortune the war-though the war has in-and not in the least to their cred- "Turn your head away quickly! of the conferring is done simply by is not so great as you might tensified it generally-this pro-it must it be set down that a Bere comes that wretched Ancient stepping from one desk to another. imagine. cess began to illustrate itself be leader arose who restored order. Mariner, just itching to tell some. There is seldom so fore the eyes of the present Fear and inaction had done their body, his albatross story again.” generation. China became a re-jutmost, and salvation came only public in 1912, and started out, from other quarters and by other with admirable protestations, on means." The latest example, of

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PUFF, PUFF!

Inherited $19,000,000.

When the elder . P. much as Morgan died,, his son inherited secretary in evidence, and never jonly $19,000,000 from him, of the slightest sign of confusion which $8,000,000 had to be paid in Though these Morgan partners cash for federal taxes. Many men, Two modern girls quarrelled work at a pace that has killed perhaps even some of his

is no sign of activity bere beyond fortunes, The Morgans are dealers that of any quiet, well-run banking in, not possessors of, money.

OWD

a career that gave promise of course, is Germany, where one They very soon kissed and made up many of them prematurely, there partners, have greater personal well-meant endeavour. To-day, fresh phase of intolerance is a again.

it is very doubtful if the condi-plan to cleanse" the civil code!

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tion of the country as a whole is of its Roman elements. Has not "France Sticks to Gold” nearly as good as it was under the republie proved itself a sorry} She always did.

the Empire. Not one war-lord, sham? For years it has not

Know.

room.

To the student of organization,

the House of Morgan offers an in-

teresting problem. Its precise or-

ganization is unknown, for it is a

(Continued on Page 5)-

Personal Pars.

private partnership. unincorporat- Mr. and Mrs. M. A de Figueiredo

ed. Though in some fespects it is and their son Charles, were among

the

but many, have usurped the been possible to take seriously Facts You Did Not power of autocracy-due not so a State so named which permitt- much to any foreign action as toled the Hohenzollerns and the the weakness of the nominally other makers of war to play so centralised control. Here, as prominent a part upon its stage.

To reduce the noise of construc-the greatest bank in the world, it the passengers on the · Chichibu also in Turkey, we have seen re- If any test is needed of how the tion of steel frames for buildings is not a bank at all under New Maru which left yesterday. They peated the course of events which world regarded it all, consider rivet has been invented that is York state law. The relations be-are making an extended holiday in marked the French Revolution the fact that the world still spoke driven by a hand hammer and fas-tween the partners and the reign- the U.S.A. and will visit the Chicago.

a despotism overthrown by always of "Germany." Rarely, irtened with a nut...

fing Morgan is a contractual one Fair, men of good intentions, then an-ever, did one hear of the "Ger-

which may (and does), differ with archy, and in the end a more or man Republic." We are, even Reducing the amount of heat lost, each partner.

Mr. F. V., Whitta, Managing No reports ever are made of the Director of "Whitta's. Motor Ser less Napoleon-like dictatorship. less likely to hear of it to-day process for welding metals has Gironde and Young Turks alike Feebleness has once more pro been invented that employs high firm's condition; reserves, revices," left yesterday on

sources and deposits are unknown. Chichibu Maru on a business trip to hold the likelihood of leading to duced a last stage worse than frequency electric currents.

Stettinins Relation Shown o a Kemal. That the first. Moderate opinión, a Bonaparte or

Japan. He will return to the may be for the better or for the which apparently was in the as- A railway in Scotland is experi- Typical; perhaps, of the partner-Colony on June 23. worse, but the point is that incendant but neglected to enforcementing with streamlined cars sus-ship relations, was that of Edward

Captain. W. H. C. Goater was either event the final conditions its will, has been driven into pended from an overhead rail and B. Stettinins. When his estate was are no more like what the re-holes and cornere--pitiable in

driven by airplane propellers.

settled a few years ago, his part among the passengers who sailed on formers desired than was the re itself, and to others a warning. New electric clocks can be insert-forth. These things were brought Captain Goster, the retiring

hership relation was officially get the

Chichibu Maru yesterday. gime against which they first Law, whatever the heirs of Viced in walls of rooms and connected out. revolted. Three of the leading torian pesce may suppose, is not to the regular wiring without Inter-

Adjutant of the Hong Kong Volun countries of Europe have exper-a thing upheld by speech-making fering with the lighting. ienced this truth since, and only and soft, persuasion. It depends, since, the war. Busila was the even though invisibly, on the first. It seems often, to be for strong arms of law-abiding

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All interest of a partner ceases teer Defence Corps, 'is returning to with his death. His estate, or he, England to join his regiment, the himself on leaving the firm, re- Queen's Royal West Kent Regiment. {esives, only profită due and, what- ever money he may have had on

DEATH..

gotten that: the Bolsheviks did people who to-day are not so a reasonable degree of personal deposit with the firm. No partner not overthrow the Czardom. The numerous as once they were, liberty has shrunk very visibly shares in the good-will, (In this Soviet spokesmen have so in- With a great price the world of late. It needs its friends to case the chief asset) of the, firm. sistently claimed the revolution bought its freedom, or such free-maintain it, it is on the defen- That is, and remains, in the Mor- as their own that the world dom as it has, and can only re-alve. The fiabbiness of non-yan family. thinks but rarely of Kerensky stain it by resisting to the death resistance has, in one land after Wall Street generally estimates brief interval. Yet it would say the challenge of the lawless. another, encouraged the extre-Morgan partnership to be worth mankind to remember it clearly, Their challenge at the moment is mists, of swastika or sickle. a million a year; to some of the for therein Hesa, a parable of bolder than it has been in the Those who prefer the way of senior partners ave millions. Any much in little it the amiably memory of any now living. That freedom have every need to re-dispute between partners is refer- spineless Liberals of various part of the earth on which exista main on their guard.

red to Morgan, who settles it.

BEVAN:At the Victoria Hospital on June 7, 1933, after a long and painfullness, Mary Antoinette Staton, widow, of the late, W. T. Bevan, and dear- ly beloved mother of Margaret Anderson, William Herbert and Robert Staton Bevan, in her 18th year. Tuneral will -pass the Monument at 6 o'clock..