1915-05-06 — Page 2

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THE

[31-4

THE HONGKONG DAILY PHASE, THURSDAY, MAY 67m, 1915.

AN IMPRESSION OF LORD ROTHSCHILD.

KEEPER OF SECRETS.

LIGHTNING CONSULTATIONS AT NEW COURT. Singularly enough, few stories are told of PHILANTHROPIST AND FINANCIER the late Lord Rothschild, but the following

is characteristic.

CONSULTED BY THE CHANCELLOR.

One who saw Lord Rothschild frequefifly contributes the following impression to the Daily News and Leader of the 1st April:-

"He was most accessible after his lunch, when he would talk freely for as long as an hour. His deafness was noticeable, but the Affliction doubtless had a diplomatic value when an inconvenient question arose. His hero was Mr. Balfour, and he was on intimate terms with the Royal Family. He had very pronounced views on Germany. He never believed that Germany meant peace. The crisis in 1911 blew over, according to this view, merely because the Germans were not then quite ready. He vidiculed the notion that financiers could have stopped the war. The financiers, he would declare, were not listeneil to.

"On the other hand he never abused Ger- many. He greatly dislikel talk about black bread and horseflesh, and even deprecated the crusade of capturing, Gerinan trade, al- though he was quite resolute that Germany should be beaten.

HELPING MR. LLÖVD GEORGE.

YOKOHAMA DOCK CO., chong that institution hang

LIMITED.

Talographie Address :="DOCK,” Yokohama,

Godes mod :--Å‚B.C. 4th and 5th Editions, Liebar'u, Bookt's, AL and Walkin's, DRY DOCK DEPARTMENT:-Telephone Nos. $76, 506, 681, 2050, 8470.

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undertaken. A large morkusné of material Two powerful tow boats, fosting derrick to planta, els. Manufacturers of engines, boilers,

Tenders on short notios by lekter or mble.

WAREHOUSE DEPARTMENT :--

99 buildings, primoipally of brick and steel containing private bonds? warehouses and angar consumption tax covered warehouum. Floor aros 67,917 square yards, or 14 mrent. Every desaription of warehousing, Cartom-house brɔkaraga and insurares andər- labor. Esten moderate.

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$112

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ILLUSTRATED CATALOGUES.

PRICE LISTS.

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BALL AND CONCERT PROGRAMMES.

INVITATION CARDS.

VISITING CARDS.

AND

THE MERCHANT SERVICE

AND THE NAVY.^Y The extent to which the Royal Navyl has been reinforced by the Merchant Service deserves the full recognition of the public. The report of the Imperial Merchant Service Guild on the subject appears in the Journal of Commerce. At the beginning of the war many Mercan- tile Marine officers proffered their sor- vices to the Admiralty. The Board kept a list of their names; but as they were not immediately required, a number of them enlisted in the Army. The Admiral-

INTIMATIONS

JUST LANDED:

**HIRANO MINERAL

WATER"

IN QUARTE, PINTA AND SPLITS.

Bottled by the

A young man was sent to him with letters of introduction, which stated that he was thrown upon his own resources by the bankruptcy and death of his father. The visitor was said to be very smart and clever Lord Rothschild walked through the City with him, introduced him to several well. known brokers, and then hade him good-bye. But aren't you going to do something for me asked the youngster. "My dear fellow,*

chant Service Guild to supply forty responded the francier, "if you're as clever subsequently asked the Imperial Mor- as I'm told you are you will know what to do

officers from 's members who were to IMPERIAL Mineral Water Co., yourself." To the young man's credit he took receive his Majesty's commission,” and the hint. The mere fact of his apparent who were forthwith to serve in the Mine friendship with Lord Rothschild obtained

The forty officers for him unlimital credit, and he soon became Sweeping Flotilla. one of the most successful brokers on thewers speedily appointed to their danger ous and-monotonous duty; and the recent Stock Exchange.

By appointment to the Imperial Household report of the Admiralty upon their con- duct and the list of distinctions obtained

of Japan, Officially Becommended by them testify to the value of their ser

The Admiralty also invited candi- Medical Colleges of The Imperial Un vices. dates to enter the Royal Naval Reserve; Torres of Tara,

Lord Rothschild was remarkably accessible and oven patient where Jewish matters wero concerned, and he was consulted almost daily at New Court. With wonderful caso ho could switch himself off, so to speak, from an important matter of high finance and plunge into a petty detail of congregational organiza- tion His time was carefully mapped out for him, and some of his interviews lasted but a few minutes. Yot in that brief space he grasp od with lightning rapidity the points of the matters brought before him, and he seemed for the moment to have no other thought whatsoever on his mind.

The Ad-

LTD., OSAKA.

INSTAL

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SOLE ASUS :

and about 125 members of the Imporial of Tokyo sui Kyoko. Merchant Service entered the loyal Naval Reserve, in which sub-lieutenants are still required. Another body of Mer- cantile Marine officers was required by the Admiralty for service under

tho Yacht Patrol, in which there are nov over 300 commissioned officers drawn from sub-lieutenant to commander. miralty also invited officers to apply for from eighty to a hundred have received ouuuissions for Special Service, and his Majesty's commission and arò now employed upon active service afloat. The that altogether nearly six hundred cantile Marine officers belonging to the Guild have entered his Majesty's Service. ROYAL-NAVAL-RESERVE.

CALDBECK,

nilantzu A unaby!! sabía:

"Whatever his differences with Mr. Lloyd George may have been, he forgot them

He was a man of great brain power who entirely when war broke out. In July and the following months he was consulted as a would certainly have made his mark in any matter of course, and he was perfectly in walk of life. Pablic man that he was, Lord formed of the difficulties on the Stock Ex-Rothschild was something of n mystery. change. Indeed, when the question of There was even more of the Sphinx about the balance him than there was about Lord Beaconsfield. a letter from Rothschild was a deciding His face never betrayed any of the workings Imperial Merchant Service Guild reports MACGREGOR&C. factor. His prophecy as to the duration of of his mind, although he was known to be the war, uttered in August last, may be he ke per of a vast storehouse of secrets. worth recalling. 'The neutrals," said be, will come in and settle this affair To-day that would be a commonplace. But eight months ago it was a singularly prescient -estimate of the position,”-

Nathan Mayer Rothschild was born in 1810 and was a grandson of the original Nathan Mayer Rothschild, of Frankfurt, who started the English brunch, of the great financial house in Now Court. Lord Rothschild's father, Baron Lionel Rothschild, was the first Jewish M.P-elected in 1847, and not allowed to take his seat for 11 years-and Lord Rothschild himself was the first Jewish peer, created in 1885.

With the revolution of 1848 the focus of the family fortunes shifted from Paris to London with a corresponding increase in the influence of the English Rothschilds.

AT COLLEGE WITH KING EDWARD.. Lord Rothschild was educated at Trinity College, Cambridge, where he had Ring Edward among his contemporaries. After taking mathematical honours he went straight to Now Court, and in 1889 ho married his cousin, Emma Louisa daughter of Baron Charles Rothschild, of Frankfurt. He succeeded his uncle as second

haronet in 1876, and in 1870 by the death of his father he inherited the Austrian batony and became head of the English firm. He sat in the House of Commons as member for Aylesbury from 1880 until 1885, when he was created Baron. In 100 he was made a Privy Councillor and received a K.C.V.O.

Towns said that in the event of a European crisis Lord Rothschild could, by calling on his kith and kin in Paris, Berlin, and Vienna, put 300 milions sterling at the disposal of the Government. At various critical junctures the Rothschild millions have been used to uphold British interests and British credit notably when Disraeli sent Lord Rowton into the City to ask Baron Lionel Rothschild if he would lend the British Government £4,000,000 without any security other than the Premiers assurance that Parliament would accept his action. An airmative nswer was given within the hour, and with in twenty-four hours the purchase of the Suez Canal shares was authorised.

COMMERCIAL STATIONERY during the Boer War, lo siverting several

OF EVERY DESCRIPTION

ACCURACY AND

DESPATCH EXECUTED WITH NEATNESS, UNDER EXPERIENCED EUROPEAN SUPERVISION, AT REASONABLE

PRICES.

BOOK-BINDING

IN ALL ITS BRANCHES.-

"MACHINE-BULING, GOLD-LETTERING, MARBLING,

EXECUTED ON THE PREMISES AT THE SHORTEST_NOTICE, LAW WORK A SPECIALITY. LEDGERS AND ACCOUNT BOOKS.

were

THE FLEETS AT SEA. BETTLING WITH THE SUBMARINE

The Naval Correspondent of the Times writing on March 31st said:-

The appearance in British waters of submarines with 20 knots surface speed, and the ruthless and reckless behavior of some of their commandere, has called forth with renewed strength & demand for the provision of measures of defence for those whom shey would make their hapless victims. Numerous suggestions have been made on this subject, and only last week Rear Admiral Lord Bristol, at the Institution of Naval Architects, pro- posed that all merchant ships might be Armed to such an extent as to render them dangerous to submarines. That the Government see no reason why the cold

tains of merchantmen should not defend themselves appears from their having raised no objection to the offer of rewards for the destruction of the under-water

raiders. That also the officers of the Mercantile Marine are ready to defend themselves, even to the extent of attacking their assailants, has been made clear from several occurrences of late. The problem is in what way the defence may be made effective,

The idea that trading vessels should be armed with light guns is one that has re ceived. very general support. It is ar gued that such a step would be analogous to the provision of guns for the larger ocean-going vessels made by the Admiralty There is, however, this before the war. to be said about such a proposal, that since the waters in which submarines are to be met with at present are limited in area, these guns, if placed on board ves sels going foreign, would for some time be locked up and useless. The number of guns required is also against the feasi- hility of this plan, and in addition these guns would require trained men to use them.

THE SYSTEM OF CONVOY.

The establishment of the Royal Naval Reserve, which consists of officers and

Since the bogin-

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A NEW PAINT FOR THE BAST.

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"CYGNITE" is a new white paint ready for the brush specially prepared for Tropical climates.

of the Merchant Service-or of ser faring occupation, a the beginning of the war was 1,340 officers and 12,278 men. These had all received a certain amount. of training and were liable to be called out upon active service, together with 1,000 men in the Colonial branches of the Royal Naval Reserve. ning of the war more than, 700 officers R-NR. have been added to the establish- These, with the 1,340 officers ment. already on the establishment, make up the number of over 2,000 officers drawn from the Mercantile Marine, now hold- IT is common knowledge zmong nagre ing commissions and engaged in active

affoat. That number

of White Leads and Zincs that they will does service

of cours. include the oth-not stand outside exposure in hot climates.. not,

drawn from the Royal Naval Volunteer Reserve, the Royal Fleet "CYGNITE " does -ot assume that leserve, and the reserve of retired off-glassy condition of White Zing or the

powdering off effect of White Lead

cers

cers.

The Imperial Merchant Service Guild notes with pride that Admiral Sir John Jellicoe is the son of an officer in the Mercantile Marine, the love Captain John H. Jellione, of the Royal Mail Steam Packet Company.

THE TWO BERVICES.

was

"CYGNITE" is ideal for Household or Hospital, Yacht or Bungalow decora- tion.

Stocked by the manufacturers handy pots of 71ba, nett.

WILKINSON,

HEYWOOD & CLARK, LD.

(HONGKONG BRANOH),

ALEXANDRA BUILDING.

Telephone: 763.

Not for a hundred years has the close relation existing between the Royal Navy and the Merchant Service been so clearly demonstrated.

Historically, the Mer- cantile Marine is the senior survices; for it was the existence of the trade ships which made necessary the creation of

ten-of-war to guard them.

At first, merchant ships used to guard themselves. When ships were built solely for fighting purposes, the trade ships continued to be armed and upon occasion were hired by the King to serve us fighting ships in the Navy, whence, when the war done, they returned to commerce. The old relation has now been resumed. In cidentally, it may be observed that the right of the merchant ship to resist cap- ture is still recognised by international law.

Morcover, according to a state- ment on the subject published in tho Journal of Commerce, & merchant ship is bound by the law to resist in certain eireumstances. The master ar rommand FRENCH LESSONS ing officer who yields his goody or, ship. to any pirates or sea rovers whatsoover without fighting shall, upon proof made in the High Court of Admiralty, be from henceforth incapable of taking charge of any English ship or vessel," etc. Here was a contingency which, perhaps, was not contemplated by the Germans, learned as

ease in which Mercantile Marino officers successfully outwitted & German cruiser is narrated in the Journal of Commerce. (It was foretold some years ago by Mr. Kipling, in his story of the adventures of the aliotis.)

G. MOUSSION, 38, MORBISON HILL BOLD.

they are, when they turned pirates. AASAHI

In 1885 Lord Rothschild male a kun of £1,000,000 to the Egyptian Government, and is credit, helped the British Exchequer

A system of conroy by armed vessels has But it is been put forward as an alternative to financial crises in the City, notably in 1893, arming the ships themselves. when he came to the assistance of the Bar beyond a doubt that the shipowners, not ings, the most considerable rivals of his firm. unnaturally, have shown themselves op Balor the policy of open subscription for big Toans had become a general practice the man pused to any system of convey, and it is of millions, the loan-monger, was regarded by no means certain that a sufficient num- ber of armed vessels could be allotted for as an arbiter of peace and war.

The Rothschilds loog refused to have any-

In the Admiralty state the purpose. thing to do with Russian loans on account of ment of losses the number of shipe arriv: the ill-treatment of their co-religionists. Ining at or leaving the ports of the United 1891, however, negotiations for a loan

Kingdom every week is given as about in progress hetween the Tsar's Government 1,500 It is not casy to see how any eye and the Rothschilds, when the severity with ten of convey could be arranged for this which-the-May Lnwe were enforced was number of ships, srattored all around our redoubled. At the instigation of Lord Roths coasts, and engaged in voyages of such child the firm signified that they would not divergent character, without interfering proceed with the loan unless the persecutions very considerably with the freedom of the The British 8.8. Southport was cap- tured by an enemy cruiser in the South Ere.were stopped. The Tear had recourse to trade.

Paris, a fact which was not without ita It may be pointed out, however, that Sea Islands; her engines were disabled; importance in the conclusion of the Franco every ship carries a weapon of uftence in and the German cruiser departed for a Russion Alliance,

Lord Hothschild's agents were in all the fur stem it has been proved that the season When she returned there was no It Southport: Captain A. Clopot and his cities of Europe, and his information the best submarine is vulnerable to the ram

was by this means that the Phards scnt officers, Mr. J. C. Dodd and Mr. V. and, above all, the earliest attainable. had no dealings with firms or persons who a submarine to the bottom on February 28th, and there are other instances in were unsuccessful.

Circumstances altered his policy in one point. It is at least worth the con mer- Former Rothschilda huud been ideration of the captain of any direction able to rely on purely financial operations chant ship, trader or passenger vessel, they were the loan-nongers of Europe, and who is threatened by a submarine attack, if any rival house carried off the loan they, to turn his bow instead of his stern to HONGKONG. baulked its success With the system of wards the cremy and put on full speed.

open subscription for the

great loans the There is certainly the likelihood of his financial position changed, and Lord Roths HOME child undertook henry, interests outside pure sending her under water for protection,

hanking. His father invested largely in even it he does not succeed in hitting her. The Times Shanghai correspondent mines and railroads, and Lord Rothschild and meanwhile, when she is blind, time writes under date 31st March: British If merchants hore deplore the Government's had a considerable holding in De Beers and would be given for him to escape. in the Rio Tinto copper mines, while through two or more vessels were in company the decision to permit exporters to support his ownership of petroleum wells at Baku leprospects of a succful use of the ram German house in China. By prohibiting. was one of the most serious rivals of would certainly be increase.. If it such trading the Government would not Standard Oil.

should happen. that the suzmarine re reduce the volume of British exports, as mained on the surface and me along side, there are many means by which she can be dealt with which ill suggest themselves to the resourceful seamen.

But after all, prevention is better than cure. Why is it that the merchant ships

The dis

AT PRICES WHICH COMPARE FAVOURABLY WITH THOSE OF ANY OTHER ESTABLISHMENT IN THE FAR EAST.

ESTIMATES FURNISHED..

104, DES VŒUX ROAD, BEFORE

LEAVING FOR

ON A HOLIDAY

ORDER THE

66 HONGKONG WEEKLY PRESS "

TO BE SENT TO YOU, AND SO

KEEP IN TOUCH WITH THE FAR EAST.

ALL THE NEWS OF THE WEEK FULLY RECORDED, INCLUDING THE MOVEMENTS OF THE (LOCAL MARKETS.

PAGES!

[24 PAGES!!

[24 PAGES! 1:1

He

Originally a Liberal, Lord Rothschili was one of the seceders at the time of the Home Rule split, sad when Liberal policy took more definite trend towards drastic social reform his politics developed in the direction of reaction. He organised a combination in the House of Lords against the Licensing

Bill of 1908; he protested vigorously against will go to sea in the daytime?

the scheme of Old Age Pensions; he was also tance they have to run out of submarine

оде

of the leaders of the campaign against infested waters is not great, and while

Shears, with the engineers, repaired the engines by virtue of tremendous toil, and proceeded to Sydney, where they received a public welcome. The ensign of the Southport was put up to auction, and the people of Sydney paid £300 for it, and gave the money to the local war fund, CURIOUS POSITION AT SHANGHAI,

the trade would merely be concentrated in British hands, and the only injured parties would be those merchants who are now fostering German interests."

The effect of such trading on Chinese minds is extremely detrimental to British prestige. The Chinese cannot understand why during the war they are able to con tract forward for British picoo goods with

the Budget in 1900. Hence aruse Mr. Lloyd passing through them, at all events in Germans. Apart from piece goods the

chosen.

still advertised by Germanie.

THE DAI NIPPON BREWERY

ASAHI

(100-1

(544

BEER.

BEER

COMPA

GO. TOKIO

JAPAN.

George's famous denunciation-"Lord Roths. many cases, the dark hours might be greatest British engineering fires are OBTAINABLE EVERYWHERE. chikt blocks the wayat which, as coming from a Chancellor of the Exchequer, the City stood aghast.

It is not too much to say that this kind

Seventeen Belgians, mostly young Yet Lord Rothechild was hardly a whole peasants, were shot recently at Ghent bar of support alone prevente German trade hogger on Tarift Reform. Nor did he like racks. A German court-martial found and the German name from collapsing in the Aliens Act. As a landlord he.bated them guilty of capimage The Germans Shanghai. The theory that it is possible valuation, but he advocated a living wage for offered them their lives under certain to benefit Germans in China without also labourers and decent cottages. He was an conditions, but all except one refused to indirectly benefiting Germany is mani- enthusiastic sportsman.

Accept the conditions.

festly absurd.

SOLE AGENTS;

MITSU BUSSAN KAISHA.

KONGKONG.

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