1913-04-09 — Page 5

Catler Falmer!

Jusmert

•The teline fierchany of the lase

INAPIER

JOHNSTONE'S

"SQUARE BOTTLE "

WHISKY.

UNVARIED FOR OVER 150 YEARS.

THE SAME TO-DAY AS IN 1745.

BEWARE OF IMITATIONS.

OLE AGENTS IN HONGKONG

LANE CRAWFORD & CO.,

and from ALL WINE MERCHANTS

JUST UNPACKED.

-[74

THE HONGKONG DAILY PRESS, WEDNESDAY, APRIL 9TH, 1818.

*THE NEW^' -FREEDOM."

PRESIDENT WILSON'S REMARKABLE BOOK.

The book is not a discussion of men- sures or of programmes. It is an attempt to express the now spirit of our polities and to set forth, in large terms which may stick in the imagination, what it is that must be done if we are to restore our politics to their full spiritual vigour again, and. our national life, whether in trade, in industry, or in what concerns us only os families and individuals, to its purity, its self-respect, and its pristine strength and freedom. The New Freedom is, only the old revived and clothed in the uncon- querable strength of modern America.

Woonnow WIZBON."

For President-elect of the United States, on the eve of inauguration, frank- to put into print his theories of govern- ment, his objections to oxisting forms and his tacit promises for future reforms, is Woodrow Wilson, who has now unique. assuined the greatest governmental responsibility in the world, has just published, under the title of "The New Freedom," a book which is an authorized compilation of his views on national affairs.

Dr. Wilson has, says the San Francisco Call, perpetuated his campaign speeches in book form. Usually the candidate is willing to forget his campaign speeches.

The central theme of the book, if it may bo pitomized, is the attitude of the in- coming Executive, both as to monopoly and trusts as such, and as they have profited and grown by the tariff. Wilson 3s not a free-trader; he is for tariff for revenue. He is not opposed to business, he say; he is opposed to monopoly.

In his preface to the book; President- elect Wilson says:--

"I did not write this book at all. It is the result of the editorial literary skill

A Splendid Austment of the following of Mr. William Barcir right sequence

Latest Novelties:

put together here in their

the more suggestive portions of my cam

Up-to-date Styles Ladies Side and Back Combs, Slides and Barbetter, Dressing ardpaign speeches.. And yet it is not a book Scarf Combs and Faney Combs,

The "Corverall" Invisibla Fringe Nets, Finest Quality Real Humse Hair-India- pensable to the Prosent Style of Hair Dressing Light Brown, Mad Brown and Dark Browe

HOOSAIN-ALI & Co.

Ne, 14. Cwen's Road Contra

145.

Hongkong, 21st Febr. 1932.

EVERY BEETLE EVERY BUG

is killed

once "Keating's" comes into thorough contact t with it.

Sold in Tins only, The unrivalled way to kill beetles, bugs and all household insects is to

•

Uae

KEATING'S

of campaign speeches. It is a discussion of a number of very vital subjects in the free form of extemporaneously spoken words,

The book is not a discussion of measures or of programmes.

It is ap attempt to express the new spirit of our politics and to set forth, in large terms, which may stick in the imagination, what it is that must be done if we are to restore our politics to their full spiritful vigour again, and our national life, whether in trade, in industry, or in what concerns as only, as families and individuala, to its purity, its self-respect ami its pristine strength and freedom."

The first chapter is the Old Order Changeth.

In this new age," Dr. Wilson says. "we find, for instance, that our laws with regard to the relations of employers and employés are in many respects wholly antiquated and impossible. They were framed for another age which nobody now living remembers, which is, indeed, so remote, from our life that it would be difficult for us to understand it if it were described to us. The employer is now generally a corporation or & hugo company of some kind;, the employé a one of hundreds of thousands brought together, not by individual masters whom they know nud with whom they have per- sona!

or alcons, but by agents of one sort

The existing laws, he says," do not take

POWDER of this stato of things.

APIOLINE

(CHAPOTEAUT)

不

For funcional troubles, delay, pain And these frregularilies peculiar to

1 ex.

resurthed by the highest Fronch Xlent authorities and superior ta Tsey, stoi Drops and Patay rovai. LPAPOTEAUT, 8, rue Vivisums, Park. Suld by a.'Chemists.

123-3

THE NEW FRENCH REMEDY, THERAPION No. 1

CORPS DISCHARGEINCSELWITROST INJECTIONS,

THERAPION NO. 2

CURER BLODH PUISON, DAN ERAS, SKIN ERUPTIONŮ.

THERAPION No. 3

CURES CALLONIC WENKLESTUS, UHAINS, LOST VICOR, &C A CURE

AVERSTECE AMINTEAY,LONDON FOR YOU TRY NEW BRAGES (TASTELESSŰFONMOR ANY TO 24NE

SATE AM

He postulates his political creed on that failure of the law to keep abreast ut economic conditions, saying,

I am. therefore, forced to be a progressive, if for no other reason, because we have not kept up with our changes of conditions, either in the economic field or in the political field, Business is in a situa tion in America which it was never before; it is in a situation to which we have not adjusted our laws. Our lans are still meant for business lone by individuals they have not been satis factorily adjusted to business done by great combinations, and we have got to adjust them. I do not say we may or may not; I say we must, there is no choice:"

In a chapter entitled "Let there be Light "the President-elect considers the passage of what be calls "the outrageons Payne-Aldrich Tariff Act". He says that ever since then the people have been dis- covered item by item how deeply and deliberately they were deceived, and cheated. This deception, he asserts, came about by elaborate, secret design. Its passage was duo, he says in effect, to the fne that the Government of the United States had been under the domination of what he calls a board of

of

!

WM. POWELL,

LTD.

TELEPHONE 346.

TAILORS OUTFITTERS

and

EVERYTHING FOR GENTLEMEN'S

CHOICE SUMMER MATERIALS

showing

now

in our

TAILORING

DEPARTMENT.

WEAR.

FIT AND STYLE

GUARANTEED.

(All Garments made on the Premises.)

WILLIAM POWELL, LTD.

Your soups and stews will be more nourishing every time you remember to add a little

BOVRIL

It imparts a delicious flavour which appeals to the most critical palate.

MONTSERRAT

Lime-Fruit Juice.

Brings to your lips the juice

of the lima fruit.

It is a drink that is always cooling and refreshing. The children love it. Order a few bottles to-day. Large supplies have been lately shipped

from London.

MENTEKREAT in sold by all landing Storaksepam,

binations do not-not by reason of the tariff, but by reason of their combinations under the tariff-settle what prices shall be paid; settle how much the product shall be; and settle, moreover, what shall be the market for labour."

The President-elect excoriates the theory of the latest tariff-makers that thers must be in addition to coat protec- tion, a reasonable profit to protect American manufactures.

Continuing, he says:-

"Mon, seeing that they need not fear foreign competition, have drawn together in great combinations.... As soon as the combination is effected the less of cient factories are generally put out of But the stock issued in pay, operation. ment for them has to pay dividends. And the United States Government guarantees profit on investment in factories that have gone out of business.....

The President-elect declares that he is it for free trade, that we can not have free trade in the United States because the big interests that have advised with the Government of the United States is, he Government on all important matters. in a large measure, supported by the Some of Dr. Wilson declares that he will not have duties collected at the ports. this intimate relation between these, the existing tariff schedules, he declares, "interests and the Government; not are so high that no tariff is got from that he questions the honesty of purpose them. Under the high protection system, of these interests, but he does question he asserts, the American purchases a their unselfishness.

domestic article at a price which is equal to or higher than the price of the foreign article plus the duty."

THERAPION LASTINGENE. SEE THAT TRANE PANTINES WORK 175

as

Of the future he says:-

116-9

382-2

the methods of the trusts in doing busi- ness, and he says plainly:-

"I take my stand absolutely, where every progressive ought to take his stand, on the proposition that private monopoly is indefensible and intolerable. And there I will fight my battle. And I know how to fight it," he confidently adds. "Any decently equipped lawyer can sug gest to you statutes by which the whole gentlemen do not want is this: they do not want to be compelled to meet all- comers on equal terms.

BANKS

THE OHARTERED BANK OF INDIA,

AUSTRALIA AND CHINA,

INCORPORATED BY ROYAL CHARTES, 1853, HEAD OFVIOR-LONDON,

PAID UP CAPITAL, RESERVE FUND,,<'qon-

PROFZISTORA ...

1

....£1,200,000 £1,650,000

£1,200,000

HESERVE LIABILITY ОР

FOREIGN EXCHANGE and Gauoral Banking basises transnated.

CURRENT ACCOUNTS openal, and FIXED DEPOSITS received før 1 year or shorter periods at rates which will be quote? on application.

BANKS

THE

OKOHAMA SPECIE BANK

IMMITED.

AUTHORISED CAPITAL.....Yen 48,000,000 PAID-UP CAPITAL............Ion 30,000,000 Rusney FUND..............Ten 18,200,000

HEAD OFFICE-Yokohama, Branches and Agencies af

Liao-Yang Ryojun

Antang-Haien

Calcutta

Bombay

Changchun

Dairen (Delay).

(Port Arthur) London Ban Fransiscr

*Los Angeles Ehanghai

Lyonk

Tighling

Fongtion (Makdon) Nagsenki Tantsin

Hankow

НахБіл Hienolala

Kobo

133

A. 8. HEWETT,

Acting Managet,

Hongkong, 9th April, 1913.

Nowobwang Tokyo

New York

Osaka

Pekin

INTEREST ALLOWED ON CURBHET ACCOUNTS Deposits received for fixed periods at rates to

INTERNATIONAL BANKING bo obtained on application.

COBPORATION.

HEAD OFFICE: 60, Wall Street, New York | LONDON OFFICE: 36, Bishopsgato, E.0.

BRANCHES :-

Bombay

Kube

Calcutta

Manila

Canton

Mexico

Ponoma

*Peking

San Francisco

Shanghai

Yokohama

Cebu

Colon

Empire

Hongkong

Hankow

CAPITAL AND SURPLUS ...$7,060,000 equal $1,450,000 EVERY DESCRIPTION. OF BANKING

BUSINESS từnamicted, CURRENT ACCOUNTS opened on the usual

terins.

DEPOSITS RECEIVED, fixed for one you

at 4 per cent. per annum. or for shorter periods, at mabes which may be asser. tained on application. BILLS. NEGOTIATED and COLLECTED MAIL and TELEGRAPHIC REMIT

TANCES made. LETTERS OF CREDIT And DRAFTS grated on all the principal ofties in the World.

THE BANK'S CIRCULAR LETTERS OF

CREDIT are available all over the World.

COMMERCIAL LETTERS' OF CREDTI

issued.

PURCHASE and SALE of Blocks and

Sharos effested. TRAVELLERS' CHECKS sold and danked

GEORGE HOGA,

Manager.

9, Queen's Road,

Hongkong, 2nd November, 1912

220

THE BANK OF TẢIWAN, LIMITEL

INCORPORATED BY SPECIAL INFERIAL -CHARTEX).

Capital

...Yox 10,000,000 Capital Bubscribed (paid up)...Yen 6,250,000 Reserve Fard

Yen 2,620,000

HEAD OFFICE: TAIPER, FORMOSA.

BEANCHES AND AGUNGIES:

A moy

Swatow

Tainan

Anping

Kobo

Tsui

Canton

Nagrzaki -Tokyo

Foochow Kcalung

Osaka.

Yokobarts

Shanghai

HONGKONG OFFICE, 3, DES VEUX Road. Interest allowed on Current Ascounts. Deposits received on terms which may be bad on application.

K. TSUDZŪRABABA, Manager. Hongkong, 1st May, 1911.

[1279

business can be stopped. What these NEDERLANDSCH-INDISCHE

There must be

no squeezing out of the beginner, ao crip- pling of his credit; no discrimination against retailers who buy from a rival: no threat against concerns who sell sup plies to a rival; no holding back of raw material from him; no secret arrange- That seems like e ment against him." legislative programme.

Then the President-elect passes on to the "money trust, the existence of which he accepts as a fact which must be dealt with. He says:-

HANDELSBANK (NETHERLANDS INDIA COMMERCIAL BANK).

ESTABLISHED 1853.

Authorised Capital F1. 15,000,000 (£1,250,000) Puid up Capital F1. 14,905,350 (£1,242,112) Reserve Fand

FL 5,022,161.27 (£418,513)

HEAD OFFICE: AMSTERDAM. HEAD AGENCY: BATAVIA.

LONDON BANKERS: THE WILLIAMS DEACONS BANK.

SW189 BANKVEREIN.

World. BRANCHES AND AGENTS all over the

THE BANK tranmots every description of Banking and Exchange business, receives money on Current Account at the rate of 2 per cent, por annum on Daily Balauses. Rates on Fixed Deposit can be ascertained on appliestion.

E. J. H. VAN DELDEN, Acting Manager. No. 8. Des Voeux Road Contrai. Bongkang, 5th February, 1913.

21

COMPANIES

AND WELL-ESTABLISHED PRIVATE ENTERPRISES

REQUIRING CAPITAL.

However it has come about, it is more important still that the the control of credit also has become dangerously cen- tralized. It is the mere truth to say that the financial resources of the country ur not at the command of those who do not submit to the direction and domination Dr. Wilson's views on the tariff are

of small groups of capitalists who wish to keep the economic development of the most interesting, since that is to be the

country under their own eye and guid first subject to come up for adjustment in his Administration. His. views on the

"The people of this land have made up ance. The great monopoly of this coun-. their minds to ent all privilege and try is evlener or Justice is the title

is the monopoly of big credit" in part, matter

expressed. LEO follows:---

patronage out of our fiscal legislation, The tariff question is not the question particularly out of that part of it which of the chapter dealing with the Progres We have come to give party and Colonel Roosevelt's that it was fifteen or twenty or thirty affects the tariff.

The President-cicet considers To CORPORATIONS, It used to be said by the recognize in the tariff, as it is now con- doctrines. years ago. advocates of the tariff that it made no stracted, not a system of protection, but his foremost opponent as much under the difference even if there were a great wall a system of favouritism, of privilege, tos dominion of the coterie of big business separating us from the commerce of the often granted secretly and by subterfuge, as he considers Mr. Taft to have been. world, because inside the United States instead of openly and frankly and legiti. His protest against the Roosevelt plan there was so enormous an area of absolute mately, and we have determined to put for dealing with trusts is because it does free crade thas competition within the an end to the whole bad business, not by not call for the abolition of monopoly, All that it is proposed to do," he says country kept prices down to a normal hasty and drastic changes, but by the but for federal regulation of it. level; that so long as one State could adoption of an entirely new principle- compete with all the others in the United by the reformation of the whole purpose is to take them (the trusts) under con

The national ad- States, and all the others compete with it, of legislation of that kind. We shall trol and regulation. HONGKONG DAILY PRESS there would be only that kind of advan- make our fiscal laws not like those who ministration having for sixteen years been

tage gained which is gained by superior ddle out favours, but like those who servirtually under the regulation of the is prepared to purchase for cash existing, or to a nation. We are going to begin with trusts, it would be merely a family matter be created, issues of Bonds or. Debentures well economy, the better plant, the better OFFICE.

administration, all of the things at those particular items where we find were the parts reversed and were other secured on sound revenne-producing properties,

We do have made America supreme and kept special privilege entrenched. prices in America down, because American net propose that special interests aha members of the family to exercise the re both as to capital and income.

gulation. Are Americans ready to genius was competing with American any longer camp in the rooms of the Com- ask the trusts to give us in pity what ye genius,

I must add that so long as that mitten on Ways and Means of the House ought, in justice, to take?"

In dismissing this plan of federal re was true, there was much to be said in and the Finance Committee of the Senate. defence of the protective tarifi.

We can that those shall be places where gulation of the trusts, Dr. Wilson says: largest, £400.000. Only principale or their the people of the United States shall come "I do not want to live under a representatives corresponded with; Agents and be represented, in order that every philanthropy. I do not want to be taken

ANDIST ON FIGVI

NOW ON SALE

AT THE

NEW AND UP-TO-DATE PLANS OF THE SI-KIANG

02

WEST RIVER.

PRICE ONE DOLLAR.

Giving all the Important Towns en roule

from CANTON to WUCHOW. Hongkong, 5th Apell, 1913.

2, Waterloo Place, London. England THE INVESTMENT REGISTRY, LTD.,

established 1880-invested funds, £30,000,000)

No speculative propositions entertained. Smallest transactions considered, £40,000;

But the point now is that the protes tive tariff has been taken advantage of by some men to destrov domestic com thing may be done in the general interest care of by the Government, either direct. Ignored. Broklet explaining how millions of petition, to combine existing rivals within and, uct in the interest of particularly, or by any instrument through which pounds sto:ling have already been invested; "Give me advantages offered to borrowers and particulars our free-trade area, and to make it in groups of persons who already dominate the Government is acting. nossible for new men to come into the the industries and the industrial develop the right and justice and I will under-required, will be sent only to principals or their

There is Under the high tariff there has ment of this country."

take to take care of myself.. field

heen formed a network of factories which Logically, the chapter on Monopoly, no hope for the people of the United representatives, on application in English, in their connection dominate the market or Opportunity?' follows that on the States until the partnership (between the French, Gerinan or Spanish, to the- of the United States and establish their tariff. In this chapter is the arraignment trusts and the Government) is dissolved. own prices. Whereas, therefore, it was of the modern business system. He deals And the business of the party now en- cnce arguable that the high tariff did with the development of the trusts, with trusted with power is going to be to dis- not create the high cost of living, it is the methods of the trusts in crushing co-solve it.' now no longer arguable that these com- petition and the small business man, with

"The New Freedom" is published by Doubleday, Page & Co., New York,

EISHI ONG, Manager.

[445

Hongkong, 31st March, 1913.

·HONGKONG SAVINGS BANK.

THE

NHE Business of the above Bank in con- dupted by the HONGKONG AND SHANGHAI BANKING CORPORATION, Bales may be obtained on application.

INTEREST on deposita is allowed on the. Minimum Monthly Balanes at 33 per vent per annum,

Depositora may transfor at Vesir`eption" balanës $100 or more to the HorazonG AND SHANGHAI BANK to be placed on FIXED DEPOST at 4 per cent, per annum.

For the Hongkong and BHANGHAI BANKING CORPORATION.. N. J. STABB,

Chief Manager. f19

Hongkong, 1st July, 1911.

THE MERCANTILE BANK OF

INDIA, LIMITED,

Authorised CAPITAL »»« $1,500,000 SUBSCRIBED PAID. UP

1,125,000

**

#

1

562,000

RESERVE FUND

141

415,000

HEAD OFFION :

40, Threadneedle Street, LONDON, E.C.

BRANCHES :

Kandy. Gallo, Singapore.

Bombay,

Osloatta

Howeak.

Dolhi.

Penang.

Madras,

Kota Bahru, Kelantan,

Karachi,

Kala Lumpur, F.M.8.

Rangoon.

Hongkong.

Colombe.

AGENTS IN JAPANI

Shanghai

Mezza, JARDINE, MATHESON & Co., Lato,

BANKERS:

BANK OF ENGLAND,

LONDON JOINT STOCK BANH, « LID. Every description of Banking and Embange business transacted, Steaks, and Shares bought and sold on sccount of Constituents. Letters of Credit granted on Agents and Correspondents all over the world,

INTEREST allowed on Current Accountant 2 per cont. per annum on Daily Balance and on Fixed Deposita st rates which may be ascertained on application.

F. U. MACDONALD, Manager. Hongkong, 18th March, 1913.

TONGKONG

AND

BANKING CORPORATION.

PAID-UP CAPITAL FREEVE FUNDS -

STERLING

19C9

SHANGHAI

... $15,000,000

$17,200,000

£1,500,000 at 2/-315,000,000

SILVE

$32,200,000 Rastava LakiLITY OF PROP'TORE$15,000,000

COURT OF DIRMOTORS.

H. ARMSTRONG, Esq.-Chairmenn. Hon. Mr. C. H. Ross-Deputy Chairman.

W. L.Pattandon, Esq. J. A. Plummer, Esq. Kon. Mr. E. Sheilim, K. A. Sioba, Esq.

8. H. Dodwell, Esq. G. Friesland, Eng. C. 8. Gubbay, Esq. G. R. Laurens, Esq. F. Lisb, Esq.

CHIEF MANAGER: Hongkong-N. J. STABE.

MANAGER: Shanghal-A, G. STEPHEN,

LONDON BANKERS : LONDON COUNTY AND WESTMINSTER BANK, LIMITED,

HONGKONG-INTEREST ALLOWED. On Current Account at the rate of Two per cent. per annum on the Daily Balanes.

ON FIZED DEPOSITS,

For 3 months, 2 per cent. per Annum. For 6 months, 31 per cent, per Annum. For 12 monthe, 4 per cents per Annum.

N. J. STABB,

Chief Manager. Rampkemo. 24th February, 1913

18

法在幾代四司契備士 文秉多表萬自然欸他者 德生百磅願等三利英資 文或萬至承件十按國本告 信代磅易多買必兆揭偷者名 交理英但者但湏磅有敦 商 本人合不四不該英限和團 有欲計與1做物合公打 限看各代萬期業若司勞 公各詳理磅有於街 司借細人英我當各一第 便欸及金跌有物于二 安章借易鐡生利業人發 程歇本股息股百菲 可利公赋至者份八度 嘉益司長少方孰十士 英均放交合照年文 字可靠主易本文理 BARBARRI

佈告 商團公司及股私設各商行疯用

Parcase Department, INVESTMENT REGISTRY, LTD, 2, Waterloo Place Lordon, 8.W. England

1465