1933-06-01 — Page 20

WATSON'S

PURE CARBOLIC SOAPS

Highly recommended by the Medical Profession

Guaranteed to contain the amount of

Puro Carbolic acid specified.

5 per cont.

FOR TOILET USE

Price-$1.50 per box of 3 Cakes.

20 per cent.

MEDICAL BATH SOAP

$1 per Cako,

A. S. WATSON & CO., LTD.

THE HONGKONG DISPENSARY. Est. 1841.

NOW ON SALE

NEW VICTOR RECORDS

FOR MAY.

Including Two of Caruso's Finest Records (Re-recorded by the Electrical Process).

1616 O Sole Mio (di Capua).

7770

La Donna Mobila (Rigoletto) (Verdi).

Aida Celeste Aida (Verdi).

Les Pocheurs do Perlos (Bizet).

(jo Crois entandre encore).

S. MOUTRIE & CO., LTD.

York. Building:

Chater Road.

"DORMEONE"

LOTUS

GOLF SHOES

LOW HEEL

The heel is only 3% of an inch high. This means that the weight of the body is thrown well back and a correct stance is enforced.

DORMEONE STRAP

with moulded rubber soles or steel studded leather mulra,

This special strap acts like a veritable extra ligament, bracing the arch constantly and It is taking the strain off the low hool. adjustable both for position and tension. It permits a full day's golf without foot fatigue.

LANE, CRAWFORD, LTD.

Men's Wear Dept.

THE HONGKONG TELEGRAPH.

NEW

*

for Economics! Transportation

CHEVROLET

CARS

WITH FREE WHEELING

AT.

BARGAIN PRICES.

HONGKONG HOTEL

GARAGE.

Phone 23124. Stubbs Road.

The

Hongkong Telegraph.

THURSDAY, JUNE 1, 1933.

A TEST FOR OCEAN FLYING

it is worth

THURSDAY, JUNE 1, 1933.

thalities of the seroplane. The STATE'S SEARCHLIGHT ON The Very Idea!

Italian government, attempting'

a spectacular flight, bids fair to give the cause of air transporta- tion the biggest fillip it has re- colyed since Lindbergh's Atlan- tic flight.

Self-Help for Iron and Steel

of

A

WALL ST. BANKERS

·DILLON-THE MAN WHO WILL NEVER REALISE AMBITION

By WILLIS THORNTON

The Goliath of the army of private banking against which the United States Senate is hurling its pebbles of Investigation, is J. P. Morgan & Co. But there are other giants in that army and they are little less formidable.

Kuhn, Loeb & Co., Lec, Higgin- son & Co., Dillon, Read & Co., are typical examples of the huge private banks specializing in the which have achieved a mammoth issue and floating of securities, concentration of money power. Investigated 20 years ago with little result, these private banks now face further probings and perhaps regulation.

Clarence Dillon

There are two points of special interest in connexion with the recently approved scheme for the reorganisation of the iron and steel trade in Great Britain, The first is the scheme's frank recognition, in-a world where an aeroplane flying over the Hima- layas affects the employment of garage hands in Derby, that a final solution for the problems national industry can be found only through international co-operation. The root trouble of the iron and steel industry is that of most other industries, an excess of production over con- sumption, a condition that peces sitates international action for bringing the two sides of the equation into equilibrium. The second point of interest in con- nexion with the scheme is that the plans for reorganisation are not being forced upon the indus- try from without, but are the industry's own proposals. April, 1932, the Import Duties Advisory Committee agreed that the British iron and steel trade should be protected from certain forms of foreign competition, but also made its opinion clear that tariffe alone would not re-benevolence in the United States. Oli.

There is a pronounced air of art store the industry's prosperity. The need for some form of re- and internationalism about Kuhn,

Loeb & Co. organisation was apparent. The industry itself then established a national committee, which in

Kuhn, Loeb & Co., ly probably next in size to the House of Mor

J. Buttenwieser, Elisha jantin gan, though of course absence of public reports makes it impossible Walker and Hugh Knowlton. to say with precision.

Second only to Morgan in the general private banking deld, Kahn, Loeb is probably second to

RANDOM RAMBLINGS By Eddie Kelly, Half Wit.

AFTER tearing our hale for

two hours, twentyeight minutes, and fiftynine seconde, 'trying to think up some sub- ject to pass on to our un appreciate publle to-day, we havo decided to write about nothing at all.

THERE'S nothing funny

about trying to write a funny column. You start off with a mind like the burial service, tear up reams and reams of paper and

your hair, finally scream yourself hoarse over a particularly witty simile you've managed to think out, take it in to the Editor, and watch him anxi- ously while he reads it.

Editors are like that. We've had so many knocks on the chih LEE, HIGGINSON & CO.

from our Editor that we'd have Important directorates hold by been knocked flat ages ago if it none in the railroad field. Rail-those partnera include the Interna-

Co., so many kicks in the pants. ronds to which it has lent aid as tional Acceptance Bank, American wasn't for the fact that we get reorganizer or banker include Securities, the Manhattan

Why, we've got so many kicks our Editor Northern Pacific, Union Pacific, Los Angeles and salt Lake R'y Pacific, B. & O. (2), Fletechman-Morrie, General Southern Pennsylvania, Missouri Pacific, American Tank Car, Susquehanna in the pants that

Illinois, & N. Y. Railroad, U. S. Leather, doesn't scratch matches on the Chicago In

ways of Mexico, Paramount-Publix cause it tears holes in his socks. Wabash, Texas & Pacific, and U. S. Rubber (2), National Rail-sole of his shoe any longer, bc- Denver & Rio Grande.

Pan-American Editors who never Uso blue Its palatial offices at 'William (2), Chemical Bank and Trust, and Pino streets occupy four Western Union, floors, and are, through the privato Petroleum, International Mercan-pencils are about as rare activities of the partners, the tllo Marine Petroleum Corpora-Scotsman who throws the cork ho opens a bottle of whisky for his wellspring of Jewish charities and tion, and Sinclair Consolidated into the waste paper basket when

turn formed regional committees in Scotland, South Wales, on the northeast coast, and in the mid- lands, in consequence of which prises.

more

Eastern

凸

ав

£

As Aristotle or Stella Ben- sen or somebody once said ' "It's a heck of a life."

How quickly Speaking of life! the little ones grow up..

It seems as if you no sooner get through sitting up with them than you're sitting up for them.

If they're women they ab- sorb mest of the flattery in this world. The rest goes on tombstones. But that's life..

women. Which brings us to

Perhaps the most impressive gueals. area is the magnificent now home banking house in the Wall Street of Lee, Higginson & Co., a dream RAILS AND KUHN, LOEB.

in marble of what a banking room Otto H. Kahn, partner, is best might be. This is a Boston firm single In a world grown a little dazed

known to the public through his which goes back to 1848, for 73 by chasing its tail around a

patronage of the Metropolitan years operated from

are 15 partners, headed by George spiralled path of economics and

Opera and other musical onter location in State Street. There

politics it is difficult to apare

Felix Warburg, partner, des-C. Lee, and the foreign setup is much time for contemplation of a scheme has been brought for-cendant of a long line of German identical with that of the House house of Higginson & Co., and the activities that are more specta- ward, and has been officially ap bankers from Hamburg, is one of of Morgan, including the London

proved. It proposes the estab- our great philanthropists. cular than useful. Nevertheless, lishment of a group of associa The International aspect is Parle house of Lee, Higginson et It has an apparently dependent noticing that the tions which will encourage the aided by Lieut. Col. Sir William Cle. Italian aviation corps is about to concentration of production in George Eden Wiseman, partner, a

plants, soldier who had charge of the incorporated branch, the Lee, Hig- efficient stage one of the most sensation-the

be and

able

to negotiate British Secret Service in the ginson Trust Co., incorporated in (Don't interrupt us!) This is a United States after he was invalid-1927 under Massachusetts law to subject about which we know a lot. We've loved many women in our al flights that has ever been

with agreements

This had, in 1931, not time. They say that only women' producers ed home from distinguished scr- do a "general banking and trust

Не also business." attempted. In the next few abroad. This plan has the vice before Ypres. days, unless plans are suddenly merit of not requiring any brought to Kuhn, Loeb & Co, a quite nine millions in deposits, know the value of love, but men the influence of Lee, Higginson & burns with love for a woman, be altered, a squadron of 24 Italian violent changes in the organisa- close connexion with the British which is of course no measure of know what it cost, and when a man generally makes a fuel of himself. seaplanes, under the leadership tion of the industry. The sug- Cowdray oil interests in Mexico.

Founded in 1807 by Solomon Co. itself.

This firm has distributed up.

billion dollars in Especially in Hongkong, of Gen. Italo Balbo, will attempt gested groups will be formed by and Abraham Kuhn, this

where. they're opt to give to fly from Italy to Chicago. amalgamating the fifty or more firm, like the House of Morgan, wards of a

themselves airs. associations into which the trade has roots in the merchandising securities, and was recently in the The total distance to be covered is now divided, and they will be business. Its hold on railroad public eye na American bankers exceeds 6,300 miles and it will be finally co-ordinated by an Iron financing goes back to 1897, when for Ivar Kreuger. It was a Lee,

Krouger

errora that led accomplished in six hopa, from and Steel Corporation of Great Jacob H. Schiff tangled with E. II. Higginson employe who caught

hla

Bulcide. downfall and

formed a now Rome to Amsterdam, Amster-Britain. The whole scheme is Harriman over control of the the

recently between Schiff. It was co-operation dam to Northern Scotland, from recognised to be only the first Northern Pacific, and the result to Scotland to Iceland, Iceland to step to recovery; but it is often Harriman, Standard Oil money, securities affiliate, the Lee, Higgin-Other women in Hongkong are and City Bank (now the National aon Corporation, with capital sub-like hens., You know, the Kow scribed outside the partnership, City). Labrador, on to Montreal and the first step that is the most

difficult.

It was Schiff who appeared bo- the latter remaining with its assets leon hen and the Peak hea.

"They're selling my eggs for 35 Chiengo.

fore the same Pujo committee intact. Lee, Higginson has acted which examined J. P. Morgan in as banker for many utility com-cents a dozen this week," said the

panies, including Puget Sound Kowloon hen. 1913.

The present partners of Kuhn, Power & Light, Savannah Electric

"That's nothing," sniffed the Loeb & Co. are Warburg, Kahn, & Power, Houston Electric, Dallas George W. Bovenizer, Lewis LLight & Power, Montana Power, Peak hon, "It costs 45 cents to buy Strauss, Wiseman, John M. Schiff and also such general firms

son of . L.), Gilbert W. Kahn Budd Wheel, By-Products Coke,

"Huh," said the Kowloon hen, (son of Otto H.), Frederick M. U. S. Smelting, Fairbanks Morse, should strain myself for ten (Continued on Pago 10.) Warburg (son of Felix M.), Ben-

Cleaning Cleopatra's Needle

even

The flight, of course, will be linked with the Century of Pro- gress exposition in Chicago. It will be a "good will" gesture of

It seems highly improbable that considerable value for the Italian Egypt's famous Queen had any government. It will, also if it very intimate acquaintance with is blessed with any measure of 80 housewifely an object as a success-do a great deal to needle, The arduous occupation hasten the day when regular of gracefully reclining on silken transoceanic air services are cushions on golden-bannered ro- yal barges was rather more to commonplace. One hundred flyers her liking than plain or have been chosen to take part in fancy sewing. The only possible the flight, and in preparation for reason, therefore, for so naming it they have been trained as the ancient obelisk that adorns rigorously as any group of the Thames Embankment, in Olympic athletes. Italy is tak- London, evidently resides in the ing no chances of failure, fact that it has a point at one end and once stood in Alexandria Machines and men will be in the where Cleopatra held her court. best possible condition. The It was there long before she Baw very thought of two dozen aero it; indeed, it already possessed planes winging their way across quite a respectable claim to an- the ocean in a body is exciting, tiquity, having been originally There will be people, of course, set up in Heliopolis by Pharaoh Thothmes III in 1442 B. C., only who will be quick to proclaim that such a flight emphasises the being transferred to Alexandria in 18 B. C. by Cosar Augustus need for stronger defences to adorn the Cæsareum there. against hostile air fleets. old bogoys of the destruc- Now, the needle needs polishing. according to a correspondent of tion of leading

The cities by

the London Observer. bombs will be hauled out again; the old story about the "grime and filth" of cockney "Civilisation" have caked the of the now supremacy of the nero-

granite fine pink plane will be chanted anew. These arguments can be left to singlestoned shaft so that none military authorities. For the may read the lavish encomiuma his personal ordinary persons, the flight will which the shrinking Thothmes be noteworthy as a demonstra- bestowed upon tion of the reliability of the prowess. At least, the writer aeroplane as an instrument of pleads, if the monument to the long-distance communication, doughty old warrior had to be If a squadron of this size can wrenched from its natural habit- accomplish an ocean crossing, it at in Egypt, Londoners might at should be fairly obvious that reg-least make the effort to keep it ular transatlantic air services fairly clean. It does acem that can and should be established. thirty-three centuries of service We shall be forced to realise that give Cleopatra's Needle" a right so far we have hardly begun to to recolve in the land of its ex- use all the marvellous poten-patriation the Order of the Bath.

The

“so you can estimate that the first year's profits would pay off the mortgago."

If you bask in the sunshine of the smile of some of the local gold-diggers you're apt to get sunburnt.

asmine."

conts 1"

...

BEAUTY AND FASHION. [Orders executed in strict rola- tion. A full-sized photograph must accompany all inquiries.]

"My ears are very large, and at golf or tennis tend to flap. Is this, de you think, an attractive feat. ure? and if not, what should I do about it?"Budella.

Well, dear, tastes vary, and we can only speak for ourself. You could wear a bonnet, you know (7 with bugles); and if you are a "society girl" the notion might "catch on." Another idea would be to dress in such startling fashion (for example, in brown paper) that no one noticed your cars. Give my love to the other headaches won't you?

+

A DOUBLE EVENT.

A sweepstake within a weep- stake is the latest form of Free State enterprise. We recently re-." ceived several books of tickets, posted in Birmingham, for "Sweep" organised by an Irish holiday resort. Ticket-holdera. were entitled to participate in the great Dublin draw, the promoters. of the resort swoop having Recured a block of tickets in the Irish. Hospitals Sweepstake. number of participants in the sub- eldiary swoop is unknown, in- vestors (if any) uced extra doses. of faith and hope. The ciraular accompanying the books gives. the name of the organising secretary: as Fox. We at any rate, have NO. intention of figuring in a skein of: goede.

As the

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