1916-05-12 — Page 7

GERMAN FINANCE

HOW THE LAST LOAN WAS

FLOATED

THE HONGKONG DAILY PRESS, FRIDAY, MAY 12en, 1916.

THE FOKKER HAWK,

BRITISH PILOTS DARING.

Mr. W. Beach Thomaa writes from British Headquarters in France →→→

THE POILU AT VERDUN.

CONFIDENCE AND ENTHUSIASM.

(From Mr. H. Warner Allen, Special

Correspondent of the British Pressed in Germany for bringing a little real

Among the many ingenious ways devis with the French Armics.)

new money to the fourth War Loan which wero called into being by the seductive the name PARIS, March 24th.

offers of Dr. Helfferich that of exploiting In previous despatches I have quoted at Dutch bankers and capitalists, shown in

the columns of the Deutsche Wochenze some length letters found upon the portang (a German journal published for sons of German prisoners in order to troulation in Holland and Belgium) is

thoroughly Germinu.

The object is to throw light on the point of view from get at the pockets of foreigners--even which the enemy regards the present war. enemies indirectly--to help the cause of In my present talegram I am able to give Fatherland is the champion. Between civilisation," of which the German B. series of quotations from French sol-each article or paragraph of correspon diers' letters, all of which have a direct bearing on the Battle of Verdun. It will be obvious to the reader how rast is the difference of mentality between the Ger man soldiers who resisted the French offensive in Champagne and that of the French troops who barred the road to the German rush on Verdun. I can person- ully guarantee the authenticity of these quotations.

..

(1.) I thought I had really seen some thing of modern war last June, but it was mere child's play. This time it was really serious Unless you are on the spot you have no idea of what it really is. I ona sasure you that the Bochen have put up a good show, but we have not done badly either. The Kaiser's promises are far from being realised. We are all con vincel that he will get nowhere near what be hopes. We have got them in a hule--those abominable Boches. A Ger man prisoner just gone by said, Verdda hot taken. War not finished. I don care a damn.??

(2.) So far we have had a fair number of casualties in our batteries, but they are nothing compared with the awful missaere, that we have worked in the Ger man ranks. Our splendid 78's simply Bowed down their men, and their fosser could only be counted in thousands and thousands. I have seen in front of our batteries corpses held upright by the corpses round them, they were so thickly packed. In spite of this slaughter the Boches returned to the charge again and again until they fell, never to rise again. Last winter was Paradise compared to this year, but the consoling thing is that

His

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In her campaign for the encouragement ing popular zeal for the war, Germany of hero worship as an agent in maintain- has taken every opportunity of bruiting One of the worst snowstorms known for

of Lieutenant Immelmant He is regarded by his people as the many years swept over Great Britain superhawk who goes daily a hawking for en March 27th and continued the next his master and has not yet been hart br

by day.

The snow was accompanied by a a single heron, in spite of his many ad- wind of great violence, and from Cum- ventures

berland to the Isle of Wight, widespread is a doughty energy, but his methods are A traveller who had experienced to

Let us give Immelmann his due. He damage was reported. less herole than scientific. He does not weather conditions of almost every part. may be avoided, but hunts deliberately almost as bad as anything he lied ever seek adventure as such or run risks that of the world stated that the gate was with, the single design of destroying any experienced. He remembered nothing to dence, an urgent appeal is made for sul enemy who is so presumptuous as to enter. equal it in Great Britain, except the eiers and merchants have, almost without enchanted forest, of the air the early nineties, when the whole of the scriptions to the loan, but Dutch finan his particular domain, bis part of the great blizzard in the West of England in exception, thethro friends to the Cen of the differences between the German The dislocation of railway traffic was

their purse strings.

His methods and aims illustrate many West Country was isolated, e Even those tral Empires prefer to invest in Dutch conception of war and our own. Funds or in those of the Quadruple Allplan is simple and effective. He mounts be suspended. The telegraph and tele- general, and many train services had to ance, especially since the cowardly tor to a great height, even as much as 13.000 phone services were disorganized. pedoing of the Tabonli

ft. working on the principle of the From all nentral sources comes news of soaring bird in Wither's poem. The force. At one moment it was snowing, In London, the gale blow with hurricane n positive kind that German officialdom more he makes wing. he gets power. is much crestfallen at the meagre result,

At this height, which, of course, can moment the sky was comparatively clear, at the next it was raining; at one for the numerous class of small savings only be climbed in certain weather, at another it was impossible to read with holders who sabscribed with so much

when clouds are high or absent, he has spirit to the first and even the second speed in hand, a reserve of striking out artificial light. All the time the loan is this time conspicuously absent power, and he can observe with impunity wind whistled, slates were being hurled The Vienna Press exulted lately at the Even were he over our lines, a real of into the streets, mighty trees were uproot- prospect of more than fourteen milliards, air be seldom enters, he would be moed and telegraph and telephone wires of marks being assured for the new Ger: [derately safe from “ Archies " and could

wore falling. In the early evening, when man loan, of which total, it was said, secure a long lead in case of pursuit,

the exodus from the City to the suburbs NETH, INDIA, MANILA, HONGKONG & SAN FRANCISCO, eight or ten milliards in new money

HIT OF MISH DIVE. A

was at its height, the gale mad walking. would certainly be offered to the State When the desired moment arrives and sinust impossible. In more than one from motives of patriotism, From what he observes below him an invading plane. Weat-end thoroughfare large trees lay I hear from the same neutral financini he droops in one long, straight, even across the road as a menace to traffic.

incial correspondent writing from gonal just behind the enemy, at whom he green in the north sources (says The Daily Telegraph'a dive. His plan is to pass in a rapid dia. In many parts of London, from Golders- Paris) not more than £100,000,000 in new frez continuously as soon as the interval south, shop windows had been blown in Wimbledon in the

also, has been subscribed by the great with him. Just as some of the hawked at the Royal Observatory, Greenwich, money has been forthcoming. This sum, becomes small enough. It is hit or miss by the wind. The wind velocity register- financial establishments and industrial family strike once, and once only, and if was 47 miles an hour at B p.m. companies.

they fail, altogether, making no effort The snowstorm was the most fiftious for Whatever degree of success or ill-success lands. The snow lay fully a foot deep on to retrieve the issue, so Immelmann many years in Birmingham and the Mid- he has had white cnptying his drum of the roads, while the gala had piled drifts bullets, he does not alter his tactics, makes a yard or more in depth. Many trains no effort to pursue, but continues his were discontinued and others ran hours dive, till it brings him home to his own late. Some of the night trains from Lon ground, to his master's wrist.

paratus breaking down. They wore many signals owing to signal wires and ap don had to be worked through by hand

hours behind time, and the drivers re- ported unusually severe weather. In some places telegraph poles and wires lay aeros the lines, and in others trees had been blown on to the metals.

Swiss reports state that all travellers entering Germany are relieved" of their cash, and not only of gold, bat even of silver Swiss francs which they may have in their possession on crossing the frontier. They must empty their poc Lets, even to the last 50c piece. In ex- change for their good money they are supplied with German currency, at the rate of the mark in Germany This is no doubt profitable, but scarcely honest,

The verdict of the Swiss paper, the Gazette de Lansanne, on the fourth Ger man War Loan is worth noting, event though it was given before the actual result of the four was announcer.

Ať

of

course, no idea of the art required to Such a brief description gives, of carry out these tactics nor of the quality Beroplane contrived for the purpose, You carinet fight in the air without a gift of aircraft and a good machine, tially defensive. even if your plan, of campaign is essen deserves his worship. Let us give him Immelmann doubtless

hovered, town over which he has principally Nevertheless it is not the store of per- sonal successes in combat which give the measure of heroism in air service in war. Personally, if there were a scale of merit, I should put the aerial photographers

it is perhaps the last of thesa terrible the time of its issne the Gazette pointed his title as the Engle, of Lille," the memory experienced so fierce a storm.-

winters that we are going to pass in the open, for I am convinced that the enemy i playing his last card.

out that the German floating debt exceed

millions sterling, made up as follows: Drawn credits, treasury bonds, and bills and notes of private banko Reichsbank notes

£ 719,000,000+ 924,500,000

88,000,000

first

18,000,000 * Consider their task. Very often they are called upon to net at the very crisis of an engagement, when, to their great 7,000,000 danger, they will be the eynosure of 75,000,000 heighbouring eyes. They have one set little piece of ground over which to work, and they must fly at a moderately low 150,000,000 altitude, taking the summit of risk all

the time.

150,000,000

£1,432,000,000

(3) It is true that the Boches bavo ad vanced three or four miles, but what a price they have paid for it. There were no trenches, no shelters or defenses left. Nothing has been able to resist the bom-Treasury notes bardment of their big guns, and all the Loan Bank bonds time they were firing on our first lines Municipality of Berlin with 12 and 15in. shella. After the bo- noten bardment we fought in the open, and as Old Prussian bonds, re soon as our 75's came into play what placing loan Bank bonds, thousands of corpses The Boches were New Prussian bonds mowed down like a field of corn. The Former fiduciary circula- advanced over their own dend only to

tion raise the pile of corpsea still higher. If. this gues on there will be Reither non- tains nor valleys left in this billy country, for the war, observed the Gazelfe, it In order really to provide now money for the valley, will all be full of German dead It is true that we have had heavy fourth German War Loan should exceed was necessary that the result of the Fosses, but they are nothing compared the amount of the short-term obligations with theirs. It is only in the Twentieth 710 millions sterling. Well, the Century that such things have been seen, amount actually announced by Dr. Helf and I am beginning to wander if God isferich last week was only 530 millions powerless to stop this war, which is a writable massacré........ I a con-crities-call it a fasco:

This, no doubt, is why the Continental vinced that the Buches will never take Verdun, for their big effort has been broken.

I should be miserable if I had to leave the front lines, for I hav defended Verdun for nineteca months.

(4) do not know what the result will be, but I believe it will be the beginning If the end, and you know that, at the front they are full of confidence. For though the Devil himself may fight for this the Boches will never get through, (5)-No words can express the awf saorifices that these nceursed Buches ac- mpted only to be able to capture a few positions. It's past helief. Happily we were strong enough to repulse them, and now I am certain that they will never get to Verdun. They will lose their whole tray fired,

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IN SPAIN,

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AN INQUIRY. PROMISED.

OCH AIR PHOTOGRAPHERS.

South Wales has not within living.

Two miners at Neath, & futher and gon whose homeward way lay over a moun- tain, died from exposure. At Port Tal

of a foreign seaman was found deadl," having-been-blown-down with sufficient. force to fracture, his skull. At Swanger a man was blown under a truck and kill- ed, while there was also a death at New port.

Work at Barry Docks and & many col- lieries was stopped, and in the Bhondda Valley 12,000 miners were idle.

The blizzard in the Midlands cauend unprecedented delay in the express train service between Scotland, and Carlislo was completely cut off from Landen by trailway, der d

The Great West rn service was serious. interrupted in the Pristol district and

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1663

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home if they will with a bundle of fairy over six hours late, reported that near The guard of the midnight express from Immelmana

and his fellows car dive Easton which reached Carlisle at noon,

their bullets and the fate of the enemy express from: Euston to Holyhead, whic tales, with conjectures as to the billet of Lichfield his train passed the Irish A wobble or a vol-plane in the opposing was at a standstill. His trais just man machine may go down to their credit, aged to get through the blizzard, which and they may think they saw the enemy's covered an area extendig from the Penk observer drop a leg," as men say of partridges, No vagueness is left to the district of Derbyshire to Tring, Bedford, photographer. He hurries home, is-and Leicester.... plate is developed, and he knows before the sun is high whether he is going to receive “a bouquet or a punch, Gene in South Wales, a mail train being helri rally he gets the bouquet, but it does up for ight hours at Newport (Mon.) be not come from the members of a large cause the obstacles which the storm ha! house. His photography are, of courown across the track made it unsafe tu private and confidential and his work is proceed. So many up trains were delay

sense journeyman's work, voryed that by the afternoon there were not saund hat not at all spectacular, lenough locomotives at Pad·lirgton to tak

On behalf of our air photographers it out all the down trains There was a full-dress debate on the should be set down publicly to their Up and down the lines signal posts air service in the, House of Conimons on credit that they are supreme. Undotibt. I wore thrown to the ground, and at Port March 26th. It arose, as anything may, Ledly and in the belief of specialists they Talbot a signal box was blown in. At Pemberton Billing carried a consider myself. I cannot speak by comparisuus way, a train was snowed up and all traf on the Consolidated Fund · Bill Mr.take the best photographs yet secu? For Colbren, on the Neath and Brecon tail able body of the opinion of the House I do not know the German standard, be between Neath and Merthy was stop with him. allegation that some of our airmen had made than those brought back soon after the hurricane inte drifts 20ft, deep

He did not withdraw his But if any better photographs have been ped. In place the now ras piled up bv been marred rather than killed, dawn in the fights at St. Eloi and the though he showed that he did not mean, Hohenzolleru Redoubt they must be very panies suffered through the storm, and

The Post Office, like the railway com of course, that the victims of faulty good indeed.

disorganization, delay, and stoppage in aeroplanes had Iris AIFMEN'S LOW FLYING. engines and groggy been killed and slain feloniously!

The mark of the flying of the British the telegraph and telephone services pre- He submitted to the House an appal airmen as contrasted with the Germanwiled all day No such interruption of ling list of pilots who had perished, as has been the readiness on due occasion to communication had occurred for years. he said, through having been sent up in fly low. One of the most courageous Telegraph polos and wires were blown machines which were not fitted for the enterprises of late was the patrol, the down at many points along and across INDIGNATION IN

asks Riven them, and which had been chase, no os recomes in the main railway lines hopelessly out-classed by the German chines over the German lines at so v At the General Post Office in Londen machines. Not :20 miles from here," The torpedoing of the Spanish steamer he exclaimed, there are the inest did not cease fire till their ammonition Western, Eastern, and Midland telegra

at was stated that the Northern, North- an altitude that the enemy's Archies lige by a German submarine, following machines the world has ever seen, and yet was exhausted.

closely the death of the great Spanish we are, content to go on ordering this

lines along the railways were stopped composer Safior Granados in the Suez, aeronautical rubbish in thousands from war our men came down to within 200ft Great Western Railway were broken.

In two of the most heroic deeds of the while many wires and connections on the has profoundly ruaved public opinion in the Royal aircraft factories." He com- Madrid.

of their target and made sure of the The West of Engiand and the Midlands plained that pilots were being driven bull's-eye This low flying-is-more often suffered severely. There was commun While the Germanophilo Priss has into the air in the night inadequately than may be thought & necessary man cation between London and places west of maintained an embarrassed silence, the armed, merely to satisfy public clamour œuvre it any aggressive flying is to Swindon Iri one Birmingham distri more independent papers openly express or to save the offcial face. Every aero undertaken at all. On many compara 40 telegraph poles were down in six miles, surprise that the German Navy, while plane, he urged, should be fitted with tively fine days the clouds will come and it was stated that the city was carefully avoiding meeting with the Bri- dual control-in-the-past-that would have down to levels considerably below 1,000ft isolated from some large towns and tish Fleet, should devote itself to sinking saved many lives. Mr. Billing again and no man can fly for a long space with twice as many local offices. harmless passenger merchant vessels. The asked for an immiry into his charges. in clouds. Even a bird will lose diree One postal official described the storm Mundo, the Liberal, and the Diario Un was not a voice calling in the wilderness the advantage over the bird in his posvices, because the wires, becoming laden On this occasion the air member tion in a mist, and if the airman has of a "fatal" type for telephone ser- verset all make severe remarks, the There were critics on all hands. Sir Weession of a compass he has much more with snow, were unable to withstand the Radical writing as follows:

A. Gelder stated that in a certain town trouble than the bird in discovering whe In other days, when Spaniards were a gun, about which the military had ther he is flying upwards not what they are now, they would have solemnly mounted guard night and day,Not long se two sirmen, diving ag

high winds. downwards called the Germans to strict account on had, when the Zeppelins came, been down through the clouds which had de distinction holds in almost all forms of the spot The offences of the Garnung found to be a dummy,

veloped into a mist, found themselves air service. AKO HERR are “many and unpardodable.” To need

within twenty yards of the sea at Boul When the Germans fight they strike. only cite the case of Belgium, the loss

ogne, when they expected to find the sea When our men fight they usually chase of the Laiders and the Pena Castillos

If one risks being tal

and pursue. The German photographer, A the death of Granados, and now the tor Mr. Billing's charges investigated by, if Such are taken continually who has become rarer, trusts to the power pedoing of the Vigo, which was treated possible, a judicial body. He would ask by our men, They are never deliberately of the telescopie Jens. The German ob nob as a neutral, but as an enemy. Many the Prime Minister on his return to set taken by the enemy. He is essentially a server and reconnaissance flier has faith wars have been declared for less, includup a body to go through the charges and high flier. Recently I have seen several in the long view and the lesser risk, and ing our own with Morocco.

report to the House Mr. Tennant-men- German planes so high as to be mere however high his courage he does not tioned that his own eldest son was in specks, and of the many. I have seen stray much beyond the book into the the Royal Flying Corps, and he had cer- none has been lower, I should say, than realms of adventures tainly no apprehension that he would be 7,000ft. The contrast between the twe murdered." For the rest, Mr. Ten- policies or practices ours and the Ger nant's reply may be summarized in a man-is made without any idea of cri characteristic sentence of his own Iticism. For all I know each may be right assure the House that this matter is in relation to the general strategy, or the engaging the attention of a great number different aims, or native talent. But this of not really stupid people.

Continued on next Column.)

These outrages are sure to be repeated, for that barbarous nation is entirely wanting in generosity and gentlemanly feeling. Of this we warn them. If this war continues, in spite of all the subter- Juges of their Governments, the neutral will have to declare war on Germany, who are the enemies of all free peoples.

The most important part of Mr. Ten nant's reply was his announcement that

Well, the ways of a man in the air are ús wonderful as many of Solomon's four ways; and perhaps, after all, it is the very difference in these ways that most makes enemies respect one another's qu fities. You will find no contempt in either air service.-Daily Mail.

stendererg © Jaume

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