1930-10-20 — Page 2

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THE HONGKONG TELEGRAPH. MONDAY,

CAPT. DOLLAR IN HONGKONG.

LARGE GATHERING ENTER- TAINED AT DINNER.

NOT RETIRING YET.

OCTOBER 20, 1930.

causes, such as Chinese School, U.S. FLYING RECORD. Y.M.C.A., etc., etc.

No Retirement. Gentlemen, as compared with Captain Dollar's" age, we are all mere bables. If anyone can claim a well-earned retirement, it is he.

FAST TIME BY A WOMAN -

AND YOUNG LAD.

Nowack, Oct. 18. Miss Laura Ingalls has arrived But his philosophy of life makeshore by air from Los Angeles in 25 inertia and inactivity impossible. hours, 36 minutes Blying time, thus I should like to quote to you a establishing a new women's rocord part of his characteristic answer for the west to cast journey. to a question put to him by the The picturesque figure of Cap-London Daily Mail a few years ago tain Robert Dollar, head of thens to why he does not retire. He shining line of that name, was said: again in Hongkong over the week. end. He is on a tour of the East, and arrived and left on the round- the-world steamer President Fill-

моге.

A large number of guests were entertained at dinner on the ves- sel on Saturday, when Captain Dollar, in reminiscent mood, told of his reasons for not retiring at the age of 86 years, and spoke forcibly on the necessity of trade and commerce to a nation.

"Why don't I retire? Because of sheer determination to succeed and do things. I claim it would have been nothing short of a crime for me to havo retired when I reached the age of 60, because I have accomplished far more dur- ing the last 25 years of my life than I did before I reached my 60th birthday. I was put into the world for a purpose and that was not to loaf and spend my time in so-called pleasure, which I call

idleness."

A sixteen-year old lad named Robert Buck has flown to Newark from Los Angeles in 23 hours, 47 minutes, thus establishing a junior transcontinental record. Reuter's American Service.

commerce were

ден

should I sit down? I was put hero to accomplish things."

Captain Dollar claimed that the trade and greatest benefits a nation could have. He strongly advocated the exchange of commodities in pre- ference to the taking away of gold He was always from one country. looking for return cargoes; there was nothing so expensive as a cargo ef air.

Interviewed by Press.

.

Sir Robert Ho Tung. an old

Having attained me ripe age of friend of Captain Dollar, was the over fourscore years, with his keen principal guest. He was intro-intellect unimpaired, with duced by Mr. T. B. Wilson, local vision undimmed with his vast, "Every nation is getting it in the wiadom, which is the result of his back of the neck," declared Cap- manager of the line, and said:

his

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When Mr. Wilson was kind long experience, with the serenity tain Robert Dollar, when inter- enough to invite me to attend to of mind which is the reward of viewed by a S. C. M. Post represen- Two Things You Should Do; night's function, I accepted his in-high and successful endeavour tative on Saturday morning. "Of vitation with keen pleasure, as the; and honourable dealings, he re- course, there is a civil war going directing an in China and in addition the occasion is in honour of my old mains the active and friend, Captain Robert Dollar. mind of his vast shipping interests silver exchange has dropped so- When Mr. Wilson did me the fur- which, in Hongkong are so ably low and probably you are worse ther honour of asking me to say a locked after by Mr. Wilson, who off here than anywhere else in the few words this evening, by way of has always maintained the friend-world. I don't think you would be formally introducing Captain Ro- liest relationships with the ship-worse off if it were not for this bert Dollar to this gathering, I pere and the shipping community war and the slump in the ex- gladly complied with his request, here. With Captain Dollar at the change."

many able chief because I appreciated at once that helm, and so my task would not only be a plea-officers like Mr. Wilson, I predict sant one, by reason of my long for the Dollar shipping interests friendship with Captain Dollar, as I heartily wish them every but would also be a very easy one, increasing prosperity and success. seeing that no eloquence would be needed to introduce Captain Ro- bert Dollar to any business man anywhere in any part of the world. (Applause).

+

Д

Captain Dollar pointed out that China was the only nation in the world that had a silver basis for its currency and he expressed the opinion that a gold basis and ter- mination of fighting would be the Captain Dollar Replies.

solution of the difficulties. He

practicable that Replying, Captain Dollar said: thought it After what Sir Robert has said change over to a gold standard I have come to the conclusion that could be made immediately fight- I am a considerable fellow, but ing was finished, but they would take that with a grain of alum. have to do away with the war first, because I am not the man he has Hongkong, he thought, should be pictured me to be. After all he able to change over to gold inde- has said really I should have noth-pendently of China, leaving them

follow the example.

"America thinks it is hard hit by this world depression," remark- ed Captain Dollar, "but when I come over here and see how things are, I laugh at it. The Wall street crashes hit us a little but the re- ported damage of the drought to the crops was mostly newspaper Kobe and then on to talk. Osaka. In the two days I made 52 calls.

I first met Captain Dollar in 1918 in San Francisco, at a lun. cheen party given in my honour by the members of the General Chamber of Commerce of that city, when I had the good fortune ing to say, but seeing that you are of being seated next to him. I all directly or indirectly interest- was so much impressed by his ed in shipping, it gives me great strong personality that I then look-pleasure to be able to say a few

words on that. ed forward to meeting him again. The opportunity came, five years later, when, curiously enough, both he and happened to be in Shanghai, and we were both in- vited to address the students of a Commercial College on the same day. My friendly contact with him in that year has since ripened into a friendship I greatly value. Amongst the possessions which I treasure are two biographies of himself which he was kind enough to present to me with his auto- graph.

I have to admit that I am not in as good a way as I am generally. landed in Yokohama, went to Tokyo and then took the night train to

Then I came down to Shanghai and met a lot of young fellows there and as a result I did a thing on the ship that I had not my done for 50 years. I took breakfast in bed.

Speaking of friendship, I say that friendship is the greatest as- set in the world. There should be friendship with those of every can two nations nation: How have war if they are on friendly terms? The same thing applies in business. We get along so much better if we are friendly.

China Hard Hit.

Big Shipping Interests. Beginning in a humble way in his youth, and with nothing to aid him but his own intellect, his per- severance, and his broad' outlook, Captain Dollar has forged for him- self the proud position of owner of one of the biggest shipping in- terests in the world. His pene- I need not say that we are hav- trating outlook enabled him to see, ing hard times. They are having much earlier than the subsequent them throughout the world and competitors, the immense possibi-China is suffering the same as lities of trade between China and other nations but in addition you America, and he was in fact one of have two great big armies fighting the first pioneers in this line of each other. What for? For no business. In those early days he apparent reason. And then to saw that there were not enough cap it all, you have no gold stan- ships to carry lumber to China, dard. You depended on silver and and so he went on building ships. the bottom went out of silver. All As time went on he found that these things put together, I claim there was not enough lumber for that you are worse off than other his ships to carry, and so he suc- nations. However, you will get

himself in through. cessfully interested

Captain Dollar traced the bis various commercial activities for the purpose of finding cargo for tory of the Dollar Line and the his ships. His magnificent ves-many circumstances that had led sels, both passenger and cargo, up to him entering the lumber, maintain a world service. To-day copra and other businesses. He he is undoubtedly one of the claimed he was the world's oldest greatest commercial giants in the lumberman, for 80 years ago he land of commercial giants, the was born in an upstairs room in United States of America. (Ap-fa house in a lumber camp. plause).

Captain Dollar considered that the present depression was only one of the periodical cycles of which he had had experience many times before. Two or three years ago everything was booming, and another such period was bound to come, but he couldn't say when there would be a revival. He ex- pected to see a better business Inside 12 months..

tone of

Not Many Changes. It was two and a half years ago since Captain Dollar had been in Hongkong and he had not noticed very many changes. The harbour appeared quiet that morning.

Captain Dollar said that four new Dollar line ships were to be launched shortly. One. would be ready in December. another in February, while plans had been drawn for the other two. They would have a tonnage of approxi- mately 17,000 and would be used on the Pacific route.

"Shanghai is going ahead much quicker than Hongkong," declared Captain Dollar. "I knew there was a good deal of building going on but I did not know it was pro- ceeding so fast. It seems to me it is going on a little too fast. There is a great future in front of Shanghai. It will be a big city. At Nanking they thought the war was over, but it had been going ou for 13 years.".

China's civil war is the great obstacle in the way of it making progress, considers Captain Doi- lar. "Why don't they quit it?" is Speaking of his retirement, Cap- his plea. "It is impossible to keep But Captain Dollar is not only tain Dollar said he had often been it going for ever.. They have done a great business man, he is also asked when he would leave busi-more' fighting than any other na- a great philanthropist, and I can ness. "Sir Robert Ha Tung has tion I know, and have certainly testify to the esteem and affection told you why I don't but I want broken the civil war record." entertained by the Chinese to to add this," he said. "Since I was Captain Dollar. left Hongkong wards him for his kindness and 70 I have done for more than I yesterday on the President Fill- generous contributions to worthy did in my whole life and why more,

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