1916-03-01 — Page 7

GERMAN FINANCE,

COMING COLLAPSE.

THE HONGKONG DAILY PRESS WEDNESDAY, MARCH 1er 1916,

THE HUMAN SIDE.

WHY THE MARCHIONESS WENT

TO SCHOOL, VALA

Dr. Karl Helferich must surely regret [BY JOHN N. RAPHAEL]

the days when he lectured to his pupils with lucid explanations on the laws of "You boin' interested in such things," political economy. He often showed them said Mr. Atkins, I should be wishful to dangercus it is to try to construct a 'ave your opinion about this bit in the great commercial or Guancial undertaking un unsound foundations before the cement paper. It come in wrapped round a pal has had time to dry and he fit to hear the y' socks and other condiments this morn- ing It

Edinburgh from

Jockweight of the superstructure. The ambi corics sayAn' Prinus-street, is no exnokly here and offort for domination in, com- is a good illustration is near our present quarters," gr

growled aulkily. I'm not

suid MF. of the danger the lored economist ex

cplified in his teaching. Atkins," but saying,

and

TO THE NEW. COLOMIESZ

GETTING THE GOVERNMENTS GOING.

"ROOSEVELT V WILSON, MUZ

OPPOSITION TO THE PRESIDENT'S

RETURN TO OFFICE.

Whatever may be the result of the war in Europe, the possession of the former German colouies places a strong card-one of the cards of Providence, og Bismarck would term it in the hands of the British | Standard writes: it is to be hoped quite insignicant will Government. It is certain that party. favour the return of those colonies to Ger- any; but the British Government is like ly to take a firm stand, because public opinion in the Dominions, which have been. mainly instrumental in the capture of weakness.

JAVA-CHINA

JAPAN LIJN

REGULAR FORTNIGETLY SERVICE BETWEEN-

JAVA, CHINA AND JAPAN.

STRAMES

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EXPECTED ON OR ABOUT

WILL LEAVE

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FOR

The Now York correspondent of The

Mr. Roosevelt has started the political gossips talking throughout the country by attending a dinner given in his honour by Judge E, H. Gary, head of the Steel Trust; * TJITAROEM. at which were present, fifteen" multi-million-

I chuckled. In the one looked at me. To wrench vested interests from the these colonies, will not tolerate any are Wall-street operators, who it is mati-

Delamon,

of the anony- mous writer of the fragment of the article,

hends of those nations which had acquired sommation-mongers were making for tool the past has proved to be a task beyond them by the use of their capital and labour much fuss about the German espionage the reach of even Germany'a pertinacious system. In the writer's opinion there was moro

talk about spying than actual alt quarters learn that the directing resourceful organising talent. From spying. Only the size of Jock's socks had provented his giving us his full views ouers in German-finance-are-fast Losing

their hold this subject. Mr. Atkins threw me an-

op B movement of disintegration ether cost to westle in. It was cold in the beginning. Dr. Helfferich, with all barn, in spite of the roaring fire, for the his sonomic learning and financial door had only one entire panel, and there has helped to hasten the financial were no windows left:

breakdown of his country, and must feel aately the false position in which he is placed. He dare not tell the truth to the people. He cannot tell those millions of duxious citizena that the paper he has again and again pressed them to buy with their

eir capitat

and savings will soon be worthless, no better than a

scrap of He must hoax his countrymoned into three groups: paper. to the end, and probably thinks it patrio tie to do no, dinging nervously as a last straw to the forlorn hope of a succes in

It was ucar Wipers (Ypres) where we was thro, and Mr. Atkius, meditatively, in a hit of a village which was mostly graveyard and annex. A nice little girl, cho was and wo called her the Marchin nos. Hor father was'a surly old brute, who wouldn't even try to understand English, and wok his share of our rations as if they was 'is right. Often an often I would a liked to give 'im a clout over the end instead a mug of bea, but the old girl used to cook for us when we can in to rest, and the Marchioness #58 always with us, of course. A regular little mother, she was, somewhere between

old, and as pretty as picture, with her tow coloured hair and

Lit A of blue ribbon in it, and ber

blue eyes. dancing she used to cat meme, a full private and Lord, ow fond she was of that doll of hors. A big doll it was, and its legs had gone wobbly so that it couldn't walk, ay. She used to trundle it she used to say, about the vilage all day, it

little carriage her father had made

La vwattoor dor mong poopy," used to call it, and trot along at the of the buys going out to trench work with it as proud as a little peacock.

G andl 7

war, or

lisunion among the Allies

He cannot have been

t have been muted as to the threatening nancial situation during re- cent years,-for Germany has lived and thrived largely on a syslein of inflated limits, and must lead to disaster. There was an alternative-a successful war.

bleng ca little credit, which could not be kept within safe

(A DANGEROUS ROAD.

fur,

to co-operate with Wall-street to bring

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German colonies from an administrative The dianer is proving to be the first puzzle What then, will be the future of the mated, control among them £2,500,000,000, point of view tasks a correspondent in the Africa be merged in the Unins of South who shall be the Republican candidate for Evening Standard. Will South-West of the campaign now begun to determine Africa, and will the German Pacific islands be attached permanently to the Common-

the Presidency.

After peering at possibilities from every wealth of Australia and the Dominion of Now Zealand? As was announced when angle, political mages are agreeing that the operations were first coauienced in Africa dinner means that Mr. Roosevelt is willing and the Pacific, the Imperial Government to go to unusual length for him, in order retain full liberty of action as regards to ensure the defeat of President, Wilson at future administration; but nevertheless, the elections next November. The political some idea of the probablo administrative fortunes of the rough-rider himself would development may be obtained from a con-not, it is believed, have influenced him to sideration of present arrangements, Pssociating with the captains of industry The former German colonies wero diyid, who have so often boon described by the those in Africa, President es malefactors of great those in the South Pacific, and the much wealth. But Mr. Roosevelt is far more vaunted settlement at Kiau-Chau. With anxious to have Mr. Wilson beaten at the the exception of German East Africa, polks than he is to further his own ambi. which toe hitherto successfully resisted tions, and it is believed that he is willing invasion, and a portion of the Kamerun calony, the whole of these territories is in about this result. the possession of the three Allies-Britain, Mr. Wilson's attitude towards the Euro- France, and Japan--who have been able pean war has fired all the indignation in to exercise sca-power, in the war. The Mr. Roosevelt's generous nature, During colonies in the Pacific fell an easy prey the long years of political agitation through to British and Japanego naval power, for Helferich, I think, saw this, and has fortunately the Commonwealth and New which Mr. Roosevelt has fought men and striven with his skill to tide over grow-Zealand Governments were able to respond never shown the personal hostility to any

reasures, almost without ceasing, he has ing difficulties until the Kaiser' B armies to the invitation of the Imperis, author one which he now feels toward the present could save German credit from the most ties to undertake, in co-operation with recupant of the White House. He believes formidable breakdown in history by vic-Japan, the subjection of Germany's south that President Wilson has made America a her.ory in the field.

German emissories are at work abroad crn possessions. Owing to the presence of name of contempt, and has committed the

wireless stations in the Pacific, erected at heading to improve German exchange in

great cost by the German Government, it unforgiveable sin of cowardice in the face neutral markets and even here in France

of the enemy,

Beside this offence, the by offering securities through intermedi

became a paramount concern of the Iconomie ezimes so frequently charged by TJIKEMBANG aries to counterbalance the fall, while perial authorities to seize and dismantler Roosevelt against Wall-street fade into withholding Gorman paper ng too goos

insignificance. Amerios e goɔds name, thinks an asset to part with during the present

A reference to the map will reven the Mr. Roosevelt, must be won back at any ARAKAN.... But neutrals are glad to find necessity for this operation, for it shows reaction.

cost, and the first action to be taken for acceptance in Switzerland and other coun. that if a circle be drawn round a centre at. tries for their German marks or Austrian the island of Truk, one of the Caroline this purpose is to defent Mr. Wilson by kronen, even at a ruinous sacrifice. The Islands, with a radius of about eleven hum-popular vote. rush to exchange marks for franes still dred miles, it would include the whole of commute, and lands of victims on it the German possessions in the Pacifics with So the wielder of the big stick, who has patiently at banks and exchange offices in

tho exception of Samoa. Switzerland, with the hope of selling their sphere there were at Yap, an island at the of the nation's capitalists, is now prepared Within this ao often brought his weapon on the heada German and Austrian money in bank extreme west; at Nauru, at the extreme notes, coupons, and bills. If this move.

east; and at Bitapaka, near Herbertahoe, to sit in conference with his former enemies, ment goes on it will doubtless, become a panic.

in the Bismarck Archipelago, in the mid-4ad devise plans for overthrowing the newer enemy at Washington. It can be said Germany and Austria are at war with de south, three powerful installations, with assurance that Mr. Roosevelt does not an inmutable economic law. These em

whilst yet another had been erected at piros have been obliged to buy large quan Apia, in Samoa, These stations were tities of raw materials and food abroad, seized in rapid succession. That at Yap paying in hard cash. The credit and was destroyed by H.M.S. Hampshire; the mumey deposits of Germany in other coun- station at Nauru was put out of action tries have boen exhausted in this long by a landing-party from H.M.A.S. fel struggle. Confidence is shaken even inbourne; Bitapoka, a new and powerful Germany according to neutrals I have station, not quite completed at the outbreak mot, on their return from that country.

of the war, was also taken by the Aus The belief of a big war indemnity from Entente Powers is on the wane. Nothing tralians; and the installation at Sumos was destroyed by the Germans themselves our new vert or long stave off the collapse previons to the landing of the New Zea of German credit abroad, for those

postpone the evil day. for

fand forces. In the meantime the Japan ese, who had occupied the Caroling 'a space, refuse

she

We was aving busy times in that village. It was a nasty bit of road out to this tronches, you see, and often I used to think that it was a bit dangerous for the Marchiones to come along. The Srst quare of a mile was all right, but when we got to the neck, where it run down ill a bit, there was nearly always a shell or two. Funny thing

3, the sergeant, said to me once or twic, how they always get us at that bit of road. I must speak to the Captain about it. Next few times I took the Marchioness and her woutoor along. side of me, and we didn't have no trouble. **Just about where we went into the trench thoro was a straight lane, c sheitored bit, between two hedges, leading off to the other village, where the school was. There wasn't no school in our vil Marchioness. There wasn't a great deal of village eft, either, come thet. That was why she used to go out with us at night;

go on alon, down er bit of lane, and come back with every two days. when we come back. Wo used to look for

Inge. There wasn't no children, only the

her when we came out of trench, and if she was late, some low or another we'd

theso installations.

AMONGST THE CAPITALISTS.

expert Wall-street to support his personal andidacy for a Presidental nomination, The Colonel has been carefu. not to announce

find something to make us late, too, so is capitato inmobilise their funds Islands, the Marshall Islands, the Pelou It is to prevent a victory from going to

for an indefinite period and assume risks

any desire Dhis own part to lend that against the Democrats at the next elections, His present desire is to bring about a union between the Progresive party which be formed four years ago and the Republican. praty. He realises that if the Conservative and Radicul forces among the Republicans split at the coming Presidential election as they did in 1912 Mr. Wilson will be return ed once more to the White House.

daily becoming more evident, Directly

etly Islands, and Yap, transferred these pos. the Democrats by default that Colonel peace is signed the needs of Germany,tralians, and invested and captured Kisu-to make targe sacrifices for the sake of November 18th, 1914, to the Ans- Roosevelt is nuw werking. He is willing already great, will be stupendous. No financier would venture to prepare an

Chan, took the wireless station which, hav-harmony, but he is not willing to permit operation, in view of coming events, on ing a night radius of 2,000 miles, had been the conservative influences among the Re so vakt a sesle

able to communicate with Yap, and thus publican leaders to take advantage of a rendered useles, the formidable system of trace to the extent of electing a pure intercommunication initiated by the Ger

reactionary as President. Mr. Roosevelt's mans. Thus all the German Pacific pos-

desire is to persuade the Republicans to sestions fell into the hands of the Allies nominate their Presidential candidate within three months of the outbreak of a man to whom the roughrider aan give war, and it became necessary to organise then endorse the nomination, and if this his support. The Progressive party will a new administration,

The German Colony in China remained condition prevails. it is believed by most in the hands of the Japanese Government, neutral political judges that the chances who appointed the Commander-in-Chief, will all be against Mr. Wilson's ro-elec

as Governor- tion General Kamio, to act

NO GOLD TO EPARE.

not to disappoint her. Yes; she was 5 prime favourite, she was, an we took 'or into the trench, one day-the day they made a ole in the road with Jack Johnson, that was.

One day the sergeant and the captain came to me together. "We've been losin' a lot of men the last few days, the captain said. I saluted, as is right. Yes, sir. I sez. Been very careful un

It is likely that considerable sums of regular with their firing they have money, representing fortirnca recently Funny thing, sez the captain buzzing acquired in Germany, in the form of war bit between is teeth, and imitating the profits, have been quietly transferred

abroad to avoid heavy war contributions bullets, as was is 'shit, Funny thing, baz,

to the Slate in the shape of taxes now bza, that your relief don's never sem to being prepared and aimed at them. Ger get into quite so much trouble as what you man financial opinion obtained through do, he sex. I looked at the sergeant, and various channels rejects the foolish ex- grinned. It wasn't for me to any nothing in planation that the fall of the reichs front of an officer. And the sergeant, he mark results from complicity between looked like a thunderstorm, for he was a careful man, he was and he did, and them. Bertal, and enemies operating on the

General during the period ofA market. The better-informed hold

From time to time the Reichsbank has

sort of remarks didn't console 'im for not that the read causo lies in the impos bein' mentioned in despatches, I'll come sibility to send more German gold abroad along with you to-night myself, sergeant, to baster up the waning rate of exchange sex the captain, and 'e turned on dis 'eel, in Gorman and Austrian" paper and walked off, slappin' 'is leather leggin's with is Hittle Inney cane. It was

was urgently needed to back up sleep with that cane, when he wasn't in credit, but these exports are no longer pos opinion in the company, that he was the hp a gold to neutral countries wheat sible, because all the gold which ca ab. action. Well, 'e was a nice chap. We lost solately be spared is wanted immediately

'ini at New Chapel, we did,

AND UNEXPIFTED BETRAYAL.

not

KARIMOEN

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For

1916.

1916.

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7th April 11th April

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the Chief among the Presidential possibili- Japanese administration until the end of ties that Mr. Roosevelt would favour it the war. But a new and highly-important nominated by the Republicans is Justico departure was made with regard to the Charles E. Hughes. As Governor of New. rest of the Pacific possessions, which wors York State. Justice Hughes made a splen placed under the administration of the did reputation by an independent adminis. Commonwealth of Australia and thetration. It was he who, previously, ha Dominion of New Zealand respectively exposed the insurance company fraudă The former, which for some years had been and the corrupting influences of the finan responsible for the administration of the eiers who controlled the vast sums held by British portion of New Guinea, officially the companies. Mr. Hughes, however, is termed Papes, was now charged with the strongly opposed to abandoning his posi management of German New Guinea, or Lion on the bench, oven for the Presidency, Kaiser Wihelmeland; the Bismarck Arch and ho is using alt his influence to pre- ENLEPHONE Nożna Mecklenberg, Neu-Hannover, and the Ad politicians. miralty Islande; the Palau, or Pelew, Islands; Yap; the west and west Caroline Islands; the Marians or Ladrene Islands;

long with us that night, because the gold resorve at the Imperial Bank are pelago, including Neu-Pommern, Neuventing his name being considered by the

POSSIBLE CANDIDATES.

Next to Justice-Hughes, Elihu Ruot¬is-

came up in the middle of it, and said wo whate in Farge part to Berlin, and Ger- the Marshall Islandis, and the impar. the most discussed candidate for the Re

A fow

time

the

BUTTERFIELD & SWIRE. HONGKONG, CHINA, AND JAPAN, AGENTS Telegraphic Adizens ——“TAIXOO DOCK.”

•

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for Turkey and Bulgaria. Another weston "I didn't want to take the Marchionessists. The Sgures given out as to the above suspicion, and the mas of fiduciary captain was coming. But she made no ead paper of all kinds in circulation is grow. of a 'ullabaloo, she did, and the captaining enormously. It is certain slso that gold remained at the Austro- i was (o take 'or along with us, game na usual,

Bank was transferred some Talked to her in French, mong exptaâo did,

ago ra and she answers Wee, monsieur, and many now holds the bulk of Austrian tant island of Bougainville, one of publican nomination. Mr. Root is conced- *Noug, monsieur," as pretty as a picture.

securities: The German financial system the Solomon group; whilst Samoa felled by the beat American political crítics to 'Don't want to miss or school, because of credit is at last exploded and when to the share of New Zealand. This ar be the leading statesman America now pos-

German North Sea bubble burata doll as got a new pinafore, the captain sez it will be the most improve disaster for rangement was naturally exceedingly wel. sosses. His work as Secretary of War to the sergeant. The men spoil that kid,'

come to the British communities in Ausand Secretary of State, and his services in the sergeant sez. But the captain only laugh.

a mighty Empire in the world's history, tralasin, for the Australians had not for the United States Senate have won for him ed, when the Marchiones put 'er little 'and

gotten how Lord Derby had allowed the the highest praises, Mr. Root's was the We was all thinkin' bit; when wo in mine and said, Come on, mon capi went back to the village, an' when we got to create endless friction in the Southern welt relied upon during his Presidency Germang to occupy New Guinea, and thus ost brilliant intellect that Colona Roose- taine, same as she always did, when she there we 'ad to find another billet Bome seaa; and New Zealanders had shared the In those days there were foux inseparablez. didn't understand anything. minutes afterwards we was creeping down barn. Wa'ad to make our own meals, too, Richard Seddon when part of Samon had Root, ex-President Taft, and Senator one 'ad been digging up the parky floor of disappointment and resentment felt by at Washington Colonel Roosevelt, bir. the road, the Marchioness trundling her that day. The Marchioness' mother ad little cort with the doll in it, alongside of

been handed to Germany: And in this Lodge. Of these, the Colonel is now on Father painted my cart this morn-mornin' though, very early, E was up beginnings of a new era in the Pacific.

gone away visitin',

I see 'er father next arrangement, if continued, may be seen the speaking terms only with Senator Lodge. He broke with Mr. Taft because the latter ing, she sez to ne at least that's what agin a wall, an me an Ive others was. One of the first acts of the administre was not sufficiently radical in the White the sergeant said she said, though all I standin' opposite 'im. Didn't 'alf shoot tion formed at Rabaul, in the Bismarck House; and he has never forgives Mr. Boat understood was Jolly jolly. And the straight, we didn't, the swine! Fancy Archipelago, which was chosen as the for presiding at the Republican National cart," was fresh white painted, anyhow, puttin' a child up to doin a thing like centre of Lavernment, was the pleasant Convention in 1913 when Mr. Roosevelt's We erept along the road, and just as that! Got a telephone contraphone can one of changing the German names of the efforts to secure the nomination were 50 we got to the little bit where it runs downtraption and everything in 'is collar, 'e 'ad, to the neck the captain a steps forward, and the poor little Marchioness with er

islands back again to their original Eng ruthlessly treated by the Republican

Search for a possible third is now being machine. ands me the doll, alts us, and gives the white cart was showin' them Bochen where

Fish form, Neu-Pommern became once

made. Many favourite song of various cart a shove down 'ill. It was lucky e

more New Britain, and Neu-Meckenberg we got into the trench, every time. She's was again changed to New Ireland, much for President Wilson is suficient for him among them has created any enthusiasm. Whether Mr. Roosevelt's intense dislike States are coming forward, but nona alted us. There was a shriek and a bang with the nuns, now, and "er doll, 100. She to the satisfaction of old colonists who re to give bis support to Mr. Root in the fight Philander Knox, who was ex-President and a crash and a stink, and the road don't know where 'er parents is. Nice membered the former names. The first ad for the Presidency is not as yet known. Taft's Secretary of State, is one of these; split in two. Now, perhaps you under- litto girl she was. sland, whispered the sergeant in my car.

ministrator way Colonel William Holmes, It is the most interesting possibility now so, among others, or Senator Cummina, of Read us that bit in the paper again, D.S.O.. in command of the forces, who confronting the political observers. There was nothing left of that cart but asir, where it says spies is mostly imagina-was followed by Colonel S. A. Pethebridge, financial interests are unanimously in fav and Senator Burton,

The town ex-Governor Hadly, of Missouri white splinter or two. There wouldn't 'ave tion," said Mr. Atkins.

Ohio. But, after keen much left of us if we 'adn't been

O.M.G., formerly secretary to the Austra our of Mr. Root, and if it had not been each name is considered, discussion return lian Department of Defence. Within fo the record of the last Republican na to Justice Hughes or Mr. Root. alted. The Marchioness she stopped in the french in the captain's dug-out, that day,

circumstances, the administration was Roosevelt could be brought to support his domination if Colonel Roosevelt can be i remarkably short time, considering the tonal convention unquestionably Mr prabibility is that Mr. Koat will get the and o taught 'er how to use the telephone

placed upon a firm basis, certain German The Colonel certainly does not want to dued to support him, but if not, Justico She know all about it.' I 'card im tell

officials being retained in an advisory help Mr. Root into the White House if a Hughes in all like ihood will be drafted to the sergeant, Seen ́er father use it,” she

capacity until affairs were thoroughly compromize can be reached between the Lead the fight, despite his personal pru- mid.

settled,

Progressives" and the Republicans on any testations.

m9.

Princes Street is no exackly near," growled Jock

Ere's a fog Jock. Hal as you ser in your language," said Mr. Akins, throwing him a whole woodbine,

And a whole woodbine is rather a luxury So there was peace.-Daily Telegraph.

whether a compromise candidate can be rather candidate, But it is questionablo" found if Mr. Root and Justice Hughes

both be eliminated.

The

178

FORTHCOMING EVENTS.

TÓ-DAX 3pm-Roup of Ponies at the Fountain, opposite the City Hall, by Messrs. Hughes & Hough,

TO-MORROW 11800. Hongkong & Kowloon Wharf & Godown Co., Ltd., Meeting of Sharebeldens. Fild 7, and March

2p.Annual Flower and Vegetable Show.

In the Botanic Gardens. Saturday, 4th March

10.30 am-Angual Flower and Vegetable

Show in the Botanic Gardens. 9.30 pm The Angel in the House," by the

Hongkong

Amateur Dramatic Club, ind Mendey, 6th March

of Else Cre-s Fund,

9.30 p.m.--" The Augl in the House," by the Hongkong Amateur Dramatio Clat, în síð of Blue Orca Funda