1919-06-02 — Page 3

HUGE WAR PROFITS.

FORTUNES MADE IN THE MIDLANDS.

In recent messages from Cardiff and Grimsby (aays a Daily News correspondent) I sent The Doily Nets. some illuminating figures bearing upon wartime money- making in those cities. They justified the headlines "Golden Shipe" and "Fortunes in Fish." But Welsh shipowning and York- shire fishing are, after all, small industries. To observe the fin- ancial effects of the war on the great scale it is necessary to come to Birmingham and the West Midlands.' And while there, it may also be worth observing that in this same district where dur- ing the past five years share- holders bave found the industrial machine so constructed that it Automatically

presented then

with a fresh fortune every few months, the shadow of unemploy- ment now lies more darkly across) the land than anywhere else in Kireat Britain.

Ta towns such as Cradley Heath, Dudley, and Wednesbury something like one tenth of the adult population are out of work. The rate for the whole country standa at 240 per 10,000; for Greater Birmingham it is 724. No other great city can touch that record. But, then, the in- dustrial machine of no other great city was 80 completely turned over to war service.

A FLOOD OF MONEY.

Even people who usually take "little interest in finance must be fascinated by the sheer bulk of the investors' war harvest. Money seems to have followed money until in some cases the mountain of money became an actual embarrassment. The ma- chine thrust money upon money- ed men. and made more money almost without being asked for by men who had a little money to start with. It poured money into the banks as the factories poured munitions into the field.. Ap parently no one "in the swimTM could, even if he wanted to. very well help the wheels revolving in his service.

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S. MOUTRIE & CO. LTD. Do away with the Diffcal: Part of Office Work

BY ENLISTING THE

DALTON

ma

π Lizaras,

Dividends do not tell much, but the distributions of bonus shares (or scrip bonus") are a fairly accurate index to the machine's operations. This practice of giv- ing away new shares to the when 100 per cent. scrip bonus holders of old ones has doubled, was distributed. Even this, how- trebled, or even more than quad-ever, only succeeded in reducing rupled, the capital of many com-the dividend to 20 per cent. for panies at a stroke of the pen, so 1917-18 One more company's that a ten per cent. dividend may 225 per cent. profit is well known. mean an actual increment on the original sums invested runzing up to 30, 40, or 50 per cent. The plain fact appears to be that this

was the only sound financial method of distributing the surplus profits of these concerns, while conserving their wealth for the benefit of future business.

Twenty-six important companies have. I find, thought local it advisable, since the outbreak of war to increase their capital by per cent, or more. In some cases the free shares have been given away in two batches-say, share or sbare in 1916 ad share for share again 1918. a scrip bonus of 100 per cent, being thus paid bonus shares themselves

this method to the extent of 50

AVERAGE 20 PER CENT

DIVIDENDS.

The average dividend on the

LENIN.

THE MYSTERY MAN,

The truth of the matter is that Lenin is by no means an easy man to know, says a correspon dent in the Times.

as

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MUSTARD & CO.,

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BRITISH AMERICAN TOBACCO Co

And yet on

there lies

the same

least, knows exactly what be structive programme. Lenin, at wishes to achieve and how he means to achieve it." What other politicians try to adapt their programme to the needs and desires of society, Lenin is attempting to fit society to the

tie if you like, but a fanatic who frames of his rigid, Prussian-likeprogramme. Afana-

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FRENCH LESSONS.

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15, Morrison Hill Road.

THE MOTOR UNION

gresses abroad, culminating in budget is probably the most the Zimmerwald Conferences of modest of all the Bolshevist Com- 1915 and his dramatic return to missaries, Dishonest, treach- Russia in the notorious "sealed" erous, guilty of the worst forms wagon. During this period he of secret diplomacy as the Bol- visited many countries, including shevists have been in all their England, and made the acquaint-public dealings, Lenin himself, on ance of the revolutionary elements the rare occasions on which he in Europe:

bas consented to see a foreign journalist or a foreign official, has 19 LENIN A GENIUS ?

always been extraordinarily Is Lenin a genius? Many frank. "Personally, I'base noth- Russians have denied it, and eering against you. Politically, tainly there is nothing in his however, you are my enemy, and personal appearance to suggest I must use every weapon I think even faintly a resemblance to the fit for your destruction. Your super-man. Short of stature, Government does rather plump, with a short thick against me." neck. broad shoulders, round red face, high, intellectual bald head,

A DEMAGOGUE. nose slightly turned up, brownish has made use of all the de- Of course he is a demagogue; For years he has enveloped moustache. bulk of the capital in the hands himself in a veil of mystery beard, he looks at the first glance the inconsistencies of his policy,

and short. stubby;

magogue's arts. But behind all mach by more like a provincial grocer than the tactics, the manoeuvring, of these 26 Midland concerns ap policy dictated pears to have been in the neigh personal inclination as by poli-a leader of men. bourhood of 20 per cent. free of tical motives. and outside his second thoughts, there is some which he has been turning over a deep-rooted plan income-tax, which means that in own small circle of disciples and thing in those grey eyes that their original ordinary capital was few Russians who may be said to in that quizzing, half-contemptu-ion. Demagogues have no con- the five years of war the whole of admirers there are not only very arrests the attention, something his mind for years and which be now thinks is ripe for execut- repaid. Profits paid out in divid-know him intimately, but even ous, half-smiling look which ends and amounts placed to reser-comparatively few who have ever speaks of boundless self-con- we can hardly have fallen far short seen him. If, therefore, he ap-fidence and conscious superiority. of £20,000,000. Nor must it be pears to the average Englishman His knowledge of languages is forgotten that these profts were as a red-shirted high-booted above the average. He is a profi- made after paying excess profits pirate chief, the fault is chiefy cient German scholar, while he tax. They were, I have not the of his own making. His all-writes and speaks English with slightest doubt, profits honestly absorbing passion is the gospel tolerable accuracy. He is cert- earned through the operation in of world-revolution.

ainly by far the greatcet in- laws of supply and demand, but 1870. Vladimir Ilitch Ulianoff Revolution has yet brought to Born at Simbirsk on April 10, tellectual force which the Russian

the fact that they were earned alias Lenin." "Ilitch." "Ilin," light. suggests that war places a strain Tylin," is a hereditary noble, and

It is cot, however,

has already made history and (INCORPORATED IN ENGLAND) upon the normal business the son of a State Counciller. bis intellectual powers that he who has more genius than most In one case scrip bonus of 400 machine which it is ill-fitted to His mother had a small estate in owes his predominating posi-fanatics. Cold, pitiless, devoid of per cent is contemplated. "When | bear.

the Kazan Government, and after tion

Being agents for the above) all sentiment, utterly ruthless in own party. his effort to force the narrow

company, we are prepared to it comes off." reports a Birming- These big figures now threaten. her husband's death was in receipt The almost fanatical respect

issue POLICIES against FIRE ham firm of stock-brokers, "the as I have said before, to be match of a State pension. Lenin's two with which he is regarded by tenets of his Maxian dogma upon and MARINE RISKS 5

be increased by ed by the figures relating to at one time all under police super- and who are at least as jealous lovable character.

sistersand hisbrother Dmitri were the men who are his colleagues, the whole world, Lenin is not a

rent rates.", £8,000,000, but so great is the tho unemployment that has earning power of the company followed upon the amassing of ander was executed in 1887 for other countries, is due to other vision. while his brother Alex-of each other as politicians in that the share is cautiously such fortunes. The reconstruct-

RED CROSS MILLIONS. valued, even at a premium of 700 ion of industry in the Midlands complicity in a terrorist plot qualities than mere intellectual The British Red Cross Society per cent." This means that by a is not going ahead with anything against the life of Alexander III. capacity. Chief of these are his spent over £7,000,000 last year, book-keeping transaction the like the speed that had beer Lenin is one of the few genuine determinatica, and his complete £139,294 a week. In the first Brought up in the Orthodox Faith, iron courage, his grim, relentless the average expenditure being capital is to be expanded from hoped. Vast works stand in great Russians to be found among the lack of all self-interest. In his year of war the outlay was £1,- £2,000,000 to £10,000,000. Aapart idle. Not a brick has beeen other firm made such profits as laid to meet the shortage of 30,000 Bolshevist leaders. After complet creed of world-revolution he is as 691,230, and when the armistice to double its capital in two houses in Birmingham alone.

ing his course at the Simbirsk unscrupulous and a uncomprom-came the Society had a surplus successive years, and there are

Gymnasium, in 1887 he entered ising as a Jesuit, and in his code in hand of £1,454,970. Donations several other concerns which paid selves admit that the out-of-work expelled and banished from Kazan attained is a justification for the 560, an increase of nearly 21

The trade union leaders them the Kazan University, only to be of political ethics the end to be during 1918 amounted to £4,245,- bonuses of 150 per cent., 125 per donation is, demoralising both a few months later for partipating employment of any weapon. To millions on 1917, while gifts and cent., and 100 per cent.

men and women, and a movement in an anti-Government students him Capital is the Fiend Incarnatores totalled: £198,823. A few notes on dividends may is on foot to mitigate the evil riot. In 1891, however, we find ate, and with such an enemy he low cost of administration made also be interesting. One firm was by arranging that no man shall him attending the University of neither gives nor asks for mercy: it possible for. 19s. paying only 734 per cent. in the for the present work more than Petrograd, where he studied law

9d. out year before the outbreak of war, two or three hours a day. Even and economics. In 1895 be made without certain virtues. In the to meet the needs of the sick Yet as an individual he is not of every £1 to go direct In 1915 the dividend sprang to 20 under these conditions the over- his first journey abroard to Germany attacks, both justified, wounded, and prisoners. Through per cent.: it was 30 per cent. in crowding is so serious that singlemany, returning in the same year and 1916 and also in 1917, when the furnished rooms let readily toto Petrograd, where he was been made

unjustified which have the Central Prisoners of Wat 400 bonus was decided upon. working-class families at £1 e again arrested on account of his zo

against hi, Department the Society fed 150,- Another company has been pay-week. Some scandalous attempts Socialist activities. On this occa- ever touched his private life. He and 45,000 with parcels, at a ofcandal has 000 men in Germany with bread breath ing a steady 20 per cent. through at eviction by landlords have been sion he was exiled for three years is married according to all a weekly cost of £123,500. The

brought to my notice.

to the village of Sushenskoe, in counte singularly happily married campaign in France cost the of driving force, that is disquiet-on

At bottom I seem to find a lack Eastern Siberia, being forbidden and, in a country where cor organisation £758,698, exclusive expiration of his ruption has now reached its of ambulance expenditure, £388,

(71

Here and there cash bonuses have

been added.

400 PER CENT. BONUS."

capital will

"

out the war period. Still spother paid peace-time, dividends of 4214 to 15 per cent. its war-time ividend rose instantly to 25

a time of national stress, of the !

the

inside his

IJ

to

narrow

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POPULAR MUSIC.

The 5,000 Copies Received ex.

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LIBERTY MALT BEVERAGE.

per cent, and was 15 per cent. og The Midlands are tired out sentence to reside in any of the apogee, he stands out head and 321 was spent in Egypt and San Miguel's Special Brow; Guaranteed to

unable to face with equanimity big cities, factory centres, or un-shoulders above all his colleagues alte

£107,536 in Saloni

a capital of £180,000 in 1915, 1916 the gigantic uncertainties of the iversity towns of Bussia. After as the one man who is shore 111,004 in Italy, and £22,247 and 1917. Yet another concers future, ready to fall back on the his release in 1900 he again went suspicion To Lenin the stories which paid on ordinary dividend

for the three years before the one hand upon Government doles abroad. From this period begins of Bolk

produced 10 per cent in 1914, 15 and on the other upon the huge his real career as Socialize oth ercen in 1915, 20 per cent, in capital surplus remaining over leader, and the next 17 EBIE

Mer cent in 1917 L from the www.

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