1918-05-08 — Page 2

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14

GERMANY IN ASIA.

OUR NEW PROBLEM CREATED BY THE WAR

BRITISH VERSUS GERMAN BANKING.

HAVE WE: ANTIHING TO LEARN

FROM THE ENEMYTRY Ong of the results of the profound inquiry and reconstruction

WE MUST HAVE SHIPS. WHY OUR LOSSES HAVE NOT

BEEN REPLACED.

[BY THE EDITOR OF THE SYREN AND

SHIPPING

The lenst noticed but not the least in- teresting parts in the Russo-German treaty wore the clauses dealing with

The question of the hour is that of Persia and Afghanistan. The independ-which all our institutions, are under

merchant shipping. Despite more or one and neutrality of these countriesing, in that the British banking system

lees optimistic statements from those who are to be recognised by the contracting has been put upon its trial, has come

know, or who are supposed to know, our purtice." Put bluntly, this means that

in for some strong critician and passes from anomy action average twelve for the present these territories are too for sway to be claimed by Germany, and cen contrasted, very to large vessels a week. What the grass that Hussia is too helpless to be bothered advantage, with a German system. with them. Sie beginning of the war Especially has europiant been made

Germany at the

took an active interest in Persia until the connection between her diplomatic against our banks that they do not lend agents and marauding bands of brigands moner with sufficient freedom to our home was brought to an abrupt conclusion by manufacturers and that they are back the Governments of the Czar and Kingward and negugent in promoting British George

Her attempts to stir up the Afghans to make trouble on the Indian tradié au loigu lundsequence dave been frontier also ended in a complete failure, Aluny banks in

OUR LONDON LETTER. [FROM OUR OWN CORRESPONDENT] THE DEATH OF A GREAT IRISHMAN-

LONDON, March 11th. The country is taking the downfall of Russia with philosophie calmn. The once mighty Empire is down and out, crushed under the feet of the cruellest conqueror that ever captured a country; and so out of the war. It is a bitter pill, not only connage of these ships amounts to for ourselves, but for the Allies as a whole. are not told; perhaps because our politi At the same time it has served one clear. cians think we are not strong enough to hear a plain announcement of the ton

age wo uro losing and what it means in the transportation of foodstuff, and cumulative. The ship that is lost today can bring us nothing to-morrow or the

purpose,

All the talk about peace by negotiation, all the frothy spouting of Pacifists, has been suddenly busiest. No doubt the

defeatists" hero and elsewhere will

But now Russia is helpless. Her gigand stimulated in the last 18 months to open day after. in the House of Com start again; but for the moment they are

tic corpse stretches across the north of Branches or form connections abroad

It was stated in the Ho Asia like the dead body of a whale warn with the express object of developing our mons, on the occasion of the First Lord silent. The reason, of course, is that only ed up on the beach. On one side the carrion toreign trade. The end of the war will of the Admiralty's pronouncement on a fool or a knave, self-confessed, could birds of the Central Powers are tearing certainly and us with ample financial naval and shipping affairs, that British; now pretend that the German meaning of chunks of the prey, while on the other facilities in France, italy and Spain than Allied, and neutral loss of merchant no annexations,peace by under- side the Allies are taking measures to we had when it began. "The Government, shipping during 191 amounted to six and prevent the putrefying mass becoming an tao, is backing the movement, and the quarter million tons! This striking intolerable nuisance to all the neigh British Trade Corporation is proof stotement was not contradicted. It was, the self-determination of peo bours. L

enough of the eagerness of officialdom to accepted as a fact. If we add marine ples," and all the other beautiful phrases The whole balance of power in the Fast abonaon its old do nothing attitude losses to this volume of tonnage sunk by recently on the lips of Count Hertling aro has suddenly shifted, and now stresses towards commerce,

of merchant shipping every Power with an interest in Asta earn from the enemy and to imitate his Hence the question of what we have dous enmarilla. Indeed the Kaiser has again There is no one alive, in England to daynethods. But this the sincerest, form or will do to replace these losses is the started to speak in the familiar way about who can remember the time when Russia, of finttery is by to means every where most important factor of the war whether hostile, inert, or friendly, was

enemy, we lost

and strains are being experienced by We are setting ourselves, in short to 5,000,000 lost during 1917 nearly geniune. The mask is off the Berlin:

we cannot expect to win.

الله

Jf

not a thundercloud banked up in the approved. In the current number of the problem is not solved successfully, the good old German God, and is rattling the sabre once more. We know what that north and overhanging our chain of in Speeting a Journal, for instance, an tercats in the East, from Constantinople obviously well-equipped contributors allies and neutrals who are carrying for means. The Allies will have to fight till

Our own losses, irrespective of those of to Port Arthur. And then there are writing under the name of Acceptor, a pulf of Bolshevik wind and a little airy takes up a stout pair of enagels on behalf, mounted during February to about the bitter end, or go under like tho

90,000 tons week. This, although Russians. nonsense, and the cloud blew away but the British banking system as it diminution in the volume of sinkings, left, its wrack behind.

and throws cold water in plenty on the must be considered in conjunction with GERMAN DOMINATION.. idea of reforming it along German lines, our efforts at replacement.

The com. While the situation in Eastero Europo We all know, our ears are well-night parison reveals a condition of things deatened with, the laudations that the quite as serious as was the shell shortage. is serious indeed, the road being opened TOO MUCH STANDARD By up for the Cormans towards the East, the

herself to Siberia to save some of the showered on the German banks and the Government, as a side line to average point of view is by no means

tioned, and

were to be achieved, and the popular

VITAL PROBLEMS, Immediately there spring up a host of questions. How far will Japan count wreckage for the Allies? Will China somewhat fearful admiration inspired The march with her? W Afghanistan stay by their size and driving power, their their control of shipping, have attempted quiet with the Russian imperial army air of massive efficiency, Lae closeness of to direct British shipbuilding and marine pessimistic. The general feeling is that gone and the prospect of Icot to the their alliunes with industry, their engineering They decided on we shall come out all right in the end. north What is our position in Persin successes in pushing German trade standard ships. After a year's work now that the Russian sphere of influen abroad. And we are all familiar with they have managed to turn out seventeen We always have done in the past.” But in bas, vanished How far shall we ad the facile counterpart picture of British vessels of approximately 80,000 tons order to win we must set our teeth, and vance in Turkey, and what will be our banks as aloof and lumbering institueffort were supplementary to the work

This would not matter if the Government stick it. After all, the Germans are relation with the independent Arab tribes tions by comparison with their bustling of the shipyards, but it is not. Our total not the only people who have invaded now advancing samewhere to the right rivals of Berlin. shipbuilding forces have boon reqsist Russin The Little Corsican ones got to of our army in Palestine THE CASE FOR THE BRITISH SYSTEM-

The change since the nineteenth century is enormous. Then we were buttressing

Acceptor^ shows uệ, the reverse side put of stand are engaged on the out-

ships, of which the Gov Moscow! There is a belief (whether well up Turkey as a friendly buffer State of the medal. He admits that the great ernment admit they have, exclusive of founded or act cannot be seen yet) that between us and Russia; now we are aterian banks are en ges, and that coasting vessels, no fewer than ten types in helping themselves to something like" tacking Turkey as a hostilo Stato in "e have nothing like them here. Bat When standard ɛhips were first mooted, the hands of Germany. All this coas so far from regarding that as defect economy in time, in labour, and in cost two-thirds of Hussian territory, streich- .A. far cry even from 1914, when Belgium in our mechanism of finance he insists brought us into the war and nothing fur that it should be reckoned a bull point conception of the idea was a sort of Beating from the Baltic to the Black Sea, the ther south-east than Serbia was a storm in our favour. The German bank, he ing pantechnicon, which could he built uns have. In the expressive American centre in the world. But the march of points but, is a clearing bank, an accept in longths and cut off in inenstrements phrase, bitten off more than they con events, spreading outwards like ripples ing house, an issuing house, a discount of ships as required; and the rate of from a stone droped in a pond, has company and a promoting syndicate tunately, even the steamship Mouse that MR. JOAN REDKOND,

duction was to be prodigio rate of Fou chew before us brought

again

the realisation ed into one. But all these functions are the mountain in labour has brought forth that we are still the greatest of Enstors pertorined in London by separate con

Men of every shade of political opinion Powers How far Goranys own partien/nx sphere: To con ccans and institutions, each specifilising Much depends on how für dares to spread her tentacles eastward treat the German banks with the British without risking a collapso on the Western joint stock banks which 18 the invari Front. So far the grab for Batum, the form the comparison takes-is, there which, though coded in effect to her, bas yet to be occupied, represents her limit fors, to contrast the whole of Germany's LE she can make that occupation effective stent with only a fraction of ours and always standard ships must be built of the wor be played the part of a trus aho is within striking distance of Bazu but "Acceptor does not leave it at New plans, new specifications, new a patriot, recognising that if Germany were and its oilfields, and can use the Caspian that.

the war into his rangements of yards and works must he victorious there would be an end of Irish Sea to come down on the north of Per opponents' camp. He shows, what one made. Had the Government assisted sia. While she moves by land from her would have thought hardly needed show private enterprise by attending to the aspirations. He helped to raise the Irish centre at Berlin, we have to go rounding at this time of day, that we have supply of material and labour, we could Division in which his brother, Mr. Wil hy sea, and what is still to her n centrul in Great Britain every single facility for easily have exceeded the output of our liam Redmond, M.P., served most gallant- problem is to us a marginal one,

furnishing credit that the Germans record year of merchant shipbuilding, THE WAY TO INDIA

posset re shows that the unifad bank about 2,000,000 tons, and we should notly, and died heroically. But the violent But though enemies have changed, our ing system which Germany has evolved, have been face to face with the serious gospel which the late Irish leader preach- problem is still the same as ever. It is while a weapon of grent power in the crisis of today.

ed m former years brought forth w to keep the way to Egypt and hands of a country with a long financial India open, with all that it loway to make up and struggling for

harvest of evil to be seen at the present plies. For if we fail to do this our end as a great world Power has come, though we hold on the Western Front Napoleon, the last man before the Kaiser to bid for world power, rightly detected our vital point when he indulged in the

He carries

place in the sun, is unsuitable to a land itke ours, the financial centre of the world, with an cysured and long-estab

inhed position and with commitments in every corner of the globe.

37

A

is not worthy of the name ore where have paid tributes of respect to the

could name yards by the builders were ready and willing to down ships of the useful too which memory of Mr. John Redmond He was

Jay they have specialised, and turn them out one of the most respected men in Parlin in record time, but the Government ment in recent years. Since the outbreak decided

would control they

verything

in Ireland; and his appeal to Nationclista to rally to the support of Britain cost him since 1014 the allegiancs of the rank and file in his own country.

SIR GEORGE BUCHANAN. DEFENCE OF THE EX TSAR.

Sir G. Buchanan, British Ambassador Not only he argues, is our system at Petrograd, was entertained by the gigantic gamble of sailing to Egypt, and hatter adapted to our more varied needs United Russia Sqeictice Association Et It is strange that every Irish leader has declared long after that in his repulse and cur greater responsibilities, but it the Piccadilly Hotel, Mr. J. W. Lowther, died in circumstances attended with from Acre he had failed his fortune.

Our armies in Asia are not little is a more scientife and more highly. (predent of the association) no tragedy. John Redmond was permitted packets, as they have been rudely developed system than the German curied the chair, and proposed the health called, despatched at random, but cut-have, in fact, outgrown the German type of the guest of the evening to lead the Party to the Pisgah of their posta guarding the road to the East of man will probably have said it was a great consolation to hir

Sir George Buchanan, in responding, hopes and see the Promised Land, but The Salonika forço, as Mr. Bonar Law The average man will probably have to hear that his work was appreciated by Fate decreed that he should not enter in.. sid, saves the Mediterranean from an some difficulty in accepting this bold his fallow countrymen (Hear, hear) On the eve of his triumph, with the Home incursion of

submarines which would cut declaration. The impressiveness of the As the clairman had said, he could, a Us off from the direct line to Egypt organisation and activities of the Gertale unfold." Perhaps some sive defensive to protect the Suez Canal. And small wonder. The five leading it was such a sad tale that it almost broke

but busily engaged working out the constitu- If we had left Mesopotamia to its fate, groups in Germany control a share his heart when he thought of it. Before

tional machinery for setting up the new not only should we have lost the oilfields, capital and reserve larger than the whole the war Germany organised a stak af Government in Dublin, when suddenly hut the Germans would have been down of the British joint stock banks, includ- agents ever ready to sow dissension be there came the Sinn Fein Rebellion. Tha in a fash on Basra and the Persian Gulfing the Bank of England. They have tween Russia and Great Britain, and it

General Allenby's advance is an offer man banks has left its mark upon hint. I might tell what hy saw at Petroha Rule Bill on tho Statuto Book, he was

should go to Teherans together, and they have pretty well sentations that the British propaganda Home Rule disappeared from the plane Persia were menaced from Batum wa strong alliances abroad. They work was to meet these attacks and misrepre-cup was instantly dashed from his lips. Our war interests are marked, then divided the whole province of German was started in Petrograd. During the by this succession of echelonned armies, industrialism between them. A

It is scarcely too of practical politics. while Japan and China, must look to

first two years of the war British influence that the German poison working in the

current took a serious turn, and in order Redmond. He died of a broken heart. steadily increased. Then the German nuch to say that the blow killed John decaying corpse of Russia does not pene

to counteract this he appealed to Russian trate through Vladivostock to the Pacific

friends 46 organise an Anglo-Russian ArAIRS IN IRELAND In the centre, where the gigantic ram the German banks have played an extra- 1016 the political atmosphere in Potro reference to Ireland, for which ho lived parts of mountain and desert, still keep ordinarily effective part in developing grad was charged with

association. In the succeeding months of Mr. John Redmond's death suggest a the peril far from India, our interest is Germany's foreigs commerce. It was was the food shortage which

The avoidance of disturbance.

the

14

[1871

Cable Address:

J. K. SUGI TRADING CO.,

Code Used: ABC.thEdition.

"Sugitra, Osaka."

Honden, Osaka, Japan.

EXPORTERS OF CYCLES AND ACCESSORIES:

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E TRADE FOLLOWS THE BANK, Who could help being impressed by the parade of such power and chciency

and och power

electricityt

overfow

Indian Government will ro doubt bring toss up in Turkey a few years ago whey take this opportunity (Sir George died broken and disappointed. The Sinn

TWO PATHS,

und commercial development, free to.

that trade nowadays

strong persuasion to bear on a friendly ther the Deatsche Bank in Constantino-

that made the cap to vse the last devotedly, struggled passionately, and Amir to prevent his subjects from increas ple, or the German Embassy was the continued) to correct a report widely or Feiners are still playing with fre, púr- ing the Asiatic turmoil by zaiding real depository of the schemes and culated in this country in regard to the porting to prepare the way for an Irish towards the north rest of the Fatherland. The bank Russian revolution to the effect that the

What

got hold of every export, it could lay Emperor on the eve of his abdication Republic In the south and west moun- our peace interests are precisely hands on to further railway, dock, drain contemplated concluding a separate peace light raids are not infrequent, intimida, depends on the kind of peace which thu uge, mining, and such like enterprises. with Germany. There is not, I am con- destroyed our road to the East becomes Embassy, the Consular Service and the ear, hear.) world gets. If the menace of Prussia is 10 worked hand-in-glove with the vinced, a word of truth in the report tion is rife agrarian outrages are ram- automatically a path of peace, for there authorities at Berlin. It was predigal

panty and altogether the conditions will be noue to threaten it. Our only of facilities to Turkish merchants. I wen

approximate to those of the early days of concern will be for the decent government proved in the most triumphant fashion trader, the German combines them and Parnellism and the Land League. Per nations, of those territories hitherto flag, but the bank follows, not th

not the that, perhaps is the fundamental dishaps if the War Office had not at frat ruined by the Turk or lipsed the The truth is that two totally different Given Germany's situation as it was

tinction between the two systems acted stupidly in regard to recruiting in anarchy The railway which come at last from Europe to

conjeers, banker as much & trader as the 15 cflective of all possible levers for helping Government are playing waiting, gaine

British banking systems. The German system the devised was probably the most fooling of Sinn Fein to deal with now but, safety and commerce &Part

Meanwhile, for obvious reasons the Do ambition for? conquest.

banker. He involves himself directly on German industry. But it entailed and turning a blind eve to much that that line we have long ego drunk too deep of glory in the success or failure of the parti enormous risks and liabilities, it led to would not be tolerated at another time. to have that

parching

thirst for the cular concerns that he undertakes to the erection of a huge superstructure Nothing must be done to hampen or harsh vintage

rape and cap finance, He becomes a partner in the a shaky foundation; it meant trading hinder the Convention by English inter ture which irks the parvenu Prussian, business; he is represented on the board on the narrowest of narrow margins; vention or even by the repression of the But if it should be otherwise, and fate he controls and often directs, ita man- and it implicated industry and finance rebel elements. For that reason, in order should decree & pence based in any form agement. But the British banker is a in national and international politics to to avoid trouble, Conscription does not not on justice and nationality, but on lender of credit, and his primary busi such an extent that those may not be far run in Ireland, there are no food restrie-- the war map, then, in face of the renewed neas is to take care of the moneys de wrong who believe that the war was tiene, and people who have just come from struggle, we should have entrenched our posited with him. Where we differentiate partly determined upon te save's top there tell me that, living there,” you selves firmly along our castern front and the functions of the banker and the heavy edifice from ernahing to the would never think that the world was be able to say to the aggressor: “What we have we buld."—Dolly Express,

(Continued et foot of gest Column.) ground.

no doubt be our own especial won conceptions underlie the German and, the which she became united, the banking Ireland we should not have the dangerous

Convulsed by wat HB.