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THE HONGKONG TELEGRAPH.
TUESDAY, MAY 8, 1934.
NOTES OF THE
STUDEBAKER
1934
WAR DEBTS
FURTHER ARRIVALSI
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HONG KONG HOTELI GARAGE
DAY
A GUIDE TO DEPRESSED The Very Idea!
DEMOCRATS
R. J. Cruikshank reviews Mr. Roosevelt's new book, “On Our
Way."
BEOPLE WID GOLDS
By Georro
The forecast of President Roose volt's proposals for the final sattle- mont of the war debt of Finland to the United States, which may or may not have been inspired, con- tains the germ of a plan for general liquidation of the whole war debt which holds possibilities his insistence on acting as his own the political Orpheus who has those winter days that bave of wide acceptance. Broadly put, office boy, Reesovelt, who has succeeded in the apparently im-
bo
T used to be cald of Hoover unpredictable in its mass enthus
that his chief weakness was fasms and mass repulsions. He is
+
OING out to the beach
the other day-one of
the scheme envisages the abandon- ment of any claim to payment of entro da Processor In most possible task of charming both got mislaid-we had a really
thinga, to-day improves upon Hoo- Furn! West and industrial East. interest, only the principal is to ver by appearing in the role of This book might be considered great time. be repaid, over a period of afty hia sown historian.
na guide
to distressed democrate years, and a proportion of the
His new book, "On Our Way," all over the world. For it domon- The tide was out when we interest already paid in to
story of his first In this time of asserted and set off against future for the redemption and conded strate how the fate of crumbs got there and we had to do payments on account of the primation." This account of his one great Liberal statesman he along hike on slimy mud and cipal of the debt. The Finnish stewardship is marked by those been able to command and retain debt is, of course, comparatively virtues which have made the the passionate devotion of the vast sharp rocks before we touch- trivial: a flea-bito alongulde the President the most popular radio majority of his countrymen and debt of Britain, Nevertheless, it
would be sot.
BRITAIN'S POSITION
There is reason to believe that gives from the coils of the worst Qua
:
We came back plus a dirty
"Good morning!" says Jones, Good bornig!" says we, coughing. "Summer at last," says Jones,
Congress accepts the principle of America has ever known to win their assent to a programme ed water. the auggested proposal for clear maimplicity, friendliness, disarm of change. The secret of the Pro ing it off, an important procedenting modesty. Nowhere is there sident's success in shown to be his the slightest tinge of bombast or unwavering faith. In the willing- Napoleontem. The President tellsness of the average man to respond wash, and a filthy cough,” his people a plain, unvarnished to an appeal to his sense of fair tale of their struggles to free them- play
Since then we have. lived in of social justice, of honest
** a world-apart---one reserved for depression In their history,
and over again he identifies Britain would give favourable con-
ile note out his speeches, his himself with the popular, will: the beople who 'ave beed liflicd- alderation to an offer for a settle
messages to Congress and his year ago things were going wronged wid golds. ment along almiler Hinca.. It executive orders, linking them to with our civilisation. We might parallels certain "reasonable solu- gather with comments that ara as well admit.. An overwhelm- We met Jones this morning. A Lions" which have been recom- models of reticence and English ing majority of our people, how very affable fellow. mended In England. It would in their quality of understatement, over, old and young-especially bring the debt burden within This book is really a confession of young-are ready to give honest Britain's capacity to pay. The faith in the virtues of democracy head to honest nuggestions for principal of Britain's debt to the and Libergilam,
new and better methods to accom- United States totalled $4,197,000,- The absurdity of the assump-plish a common purpose. In any 000. Payments made, inclusive of tion that Roosevelt has the men- event we us a people are deform-smiling. "Ana" Interest and principal,
exceed tality of a dictator and seeks to ined, after golug forward for one
Boys.
WO, $1,750,000,000. Only small rival Stalin, Mussolini and Hitler, yoar, to keep on going forward." coughing. "Bod about a' drob, o proportion represents repayment may be judged from this passage: Reviewing the achievements of
Wo bhisky 7" "The Important thing to remem- this first year of the New Deal, of capital but assuming that the
added, coughing.
* 1 interest burden, dating from the bor is; I think that change in our the President claims that the value "What?" says Jones. Allen Freunden und Bekannten, commencement of the funding polley is based upon change the of crops has greatly risen, that in-
Insbesondere den Mitgliedern der
agreement, were reduced, the total attitude and thinking of the Ameri-dustry is turning out more goods,
"Bill you had a drob of beer?" Doutachen Kolonie, die unserem
of principal still outstanding would can people; in other words, that it that the distress of debtors has verstorbenen Sobne und Bruder
"Yes, cortainly." Kuno v. Sick die letzten Ehren
probably be reduced to about is based upon the growing into been alleviated and that the un- erwiesen haben; mgen wir auf $3,000,000,000. Over a period of maturity of our democracy, that employed have been saved from diesem Wege unseren tlofemp-fty years, a payment of $60,000, it proceeds in accordance with the starvation. Time still calls for fundenen Dank. Im Namen der 000 annually would be required underlying principles that gulded planning. In some respects Hinterbliebenen, E.
Sick., to clear it, a figure high above our the framers of our constitution, may have to change our method; Major a. D.
recent token payments, but a price that it is taking form with the in others we may not have gone which the government and people general approval of a very large far enough. Time and experience would probably be prepared to pay.majority of American people and, will teach us many things."
PHONE 27778-9.
Show Room, Stubbs Road.
ACKNOWLEDGMENT,
Zhongkong Celegraph SLUM SURVEY
TUESDAY, MAY 8, 1934,
THE
a
copled by other countries. In
BIG SCHEME
we
"Bell, bed leds bake it `bhisky |" "No biscuits for mo, old man.” We left Jones drinklose and speechless.
Later we
finally, that it is made with the In his closing chapter Roosevelt
rang up the girl, constant assurance to the people pleads for the cultivation of a "Bollo! Bellle!" we coughed coyly. that if at any time they wish to higher sense of responsibility
Bot about -
"Bittle woben, bear. Alrighd
"Beerlo1"
The girl and I coughed our way
our tears and
of individuals so set in authority by unfair practices to throw their gormladen breaths around us, that they dominated business, rivale out of work, who speculate. By the time the big - picture" banking, and Government
int itself: on inside information, who proft From the data supplied, it is second, to make war on crime and by deceiving the public with wrong was half-through, audible oaths
normal Information, or who soll watered were mixed with estimated that in the coming five graft and to build up years 266,857 slum houses will be values; and third, to seek the re-stock to Innocent purchasera. It demolished and 286,189 houses, or thren generations had been petty graft or who strive for
turn awing of the pendulum which condemns labour leaders who seck coughs. providing for the rehousing of sweeping toward the constantly In- absolute power over the actions of
"I bink its gread. Don'd you, 1,240,182 people, will be erected increasing concentration of wealth workers who have the right to be Boney?" their place. The total capital ex- penditure is put at 2115,000,000, in the direction of a wider distribu-
in fower and fewer hands-back free and independent.
Wo coughed. "It has come to suspect and lose The average rent to be charged tion of the wealth and property faith in editors who colour their for each house is expected to be of the nation."
At this point the attendant nak- roughly from six to eight shillings
news stories, who put personal or week Flats will be slightly more most implacable opponents that no patriotism. It condemns lawyers queue of people waiting to get It is conceded by the President's party advantage ahead of broader ed us to leave and we joined a expensive. The magnitude of this endeavour the rehousing of about so skilful in wooing this vast amor-holes in the letter of the law as
tenant of White House has been who accept retainers to find loop- their money back. 260,000 people a year can be phous democracy of America, so gauged from the circumstanco that less than half this number wore rehoused in the whole thirty- nine years between 1875 and 1914. Even between 1919 and 1930, the period in which the public con- science first really become awaken- ed, only 70,000 poople were housed. That consideration, how- ever, should act na a spur rather than as a deterrent. For the alum problem is far too complicated to bo solved by a series of happy im- provisations.
(Continued on Pago 6).
The most elaborate and systema-rovert to the old methods that we among all who hold positions of "Bello, Borge," she sneezed back. tic survey ever made of the slum have discarded they are wholly authority in politics, industry, "Belllo dear, have you a godò?” problem in Great Britain is now free to bring about such a rover labour and finance. With characYes Darlig. bod aboud you?" almost complete. This survey is a slon by the simple means of the teristic optimism he rejoices that ECONOMIC
matter of international interest, ballot box.
"each year that passes in America "Beds go do the bicdures shoot?" for slums are unfortunately "An ancient Grook was over aces the elimination of more and PUZZLE
"Ball righd, borge. Bod aboud problem from which no civilized fastingly right when he said that more local political machines and nation can claim to be free. If, creation is the victory of perqua-bosses whose chief function in life 'Banaries sometimes bing'?" Professor Warburg's sugges- as is considered possible, this alon and not of force. The New has been to feather their own tion that the United States survey sets in operation forces Deal seeks that kind of victory
The President proposes nests."
"Bot bery bot, bear. should follow a'middle course be-
that will clear England and Wales
Did ever a would-be Dictator now to add to Grover Cleveland's Brittle women?" tween complete economic nation-five or six years, it is very likely
of all their slame within the next talk in auch democratie accents? famous aphorism, "Public Omec is Mr. Roosevelt points out that Public Trust this companion aliam, and internationalism pro- that its methods and plans will be the American Conomic Dystem Prus: "Private Offee is a Publie Boodle-boo." vides further proof of the fact that opinions continue to differ April of last year, Sir Hylton that marked the beginning of my "I do not," he says, "Indict all regarding the most effectual Young, Minister of Health, invited administration culled for the tear-business executives, all labour means of overcoming the econ-
the 1,710 local housing authorities ing down of many unsound struc- leaders, all editors, all lawyers. omic difficulties which are almost him with programmes that on Three stops, all interrelated, wore whoso easy consciences condone Into the pictures, sneezed ourselves of England and Wales to furnish tures, the adoption of new methods But I do indict the ethics of many and á rebuilding from bottom up of thom and I Indict those citizens everywhere being experienced. visaged the clearing of their slums necessary: First, by drastic mans- such wrongdoing. The new pub into tears over. "Little Woman" The failure of the World Econ-
within a five-year period. The omic Conference gave a fresh
ures to eliminate special privilege lic conscience impetus to economic nationalism, factory, for already 1,500 pro-social structures by the numerical-ecutives who put profits ahead of the theatre by a few well-directed response has been eminently satis in the control of old economic and ment. It condemns business ex- and gained comparative privacy in
joins in this Indlet- whose advocates hold that the grammes have been provisionally problem of world depression is accopted.
ly small but very powerful group human lives, who do not hesitate too big to hope for universal -agreement in solving it, and that- the only hope is to deal with it piecemeal, cach country proceed- ing on lines most appropriate to jts own case. Not only, it is suggested, would action along these lines be beneficial to in- dividual nations, but prosperity, once attained by each, would have beneficial reactions on all the rest. Such argumenta, how- ever, are none too convincing. World beneût is hardly likely to accrue from each country shut- ting itself off in its economic policies from the others; the tendency would undoubtedly be in the direction of consolidation of this unitary concept, per petuating the system of trade barriers and rendering eventual co-operation altogether improb- able. Whatever the best method of dealing with the problem, the end to be aimed at is, at any rate, quite clear. The basic point to be kept in mind is that it is useless to produce goods uriless the people for whom they are manufactured can buy them. The mere increasing of wages is insuficient, because if the. prica of goods advances in the same ratio, the prospective buyer is. Just where he The consumer has many gulses, He may be a boiler-maker or a lawyer, a school-teacher bricklayer, a cotton-weaver or a lift operator. It is, however, as à purchaser of goods that he must be considered. Thus, un- less some way is found by which he can in the futuro buy more extensively and more steadily than he has, in the past, no re- covery effort will produce results. Man can produce at a rate un-day paralleled in human history. The great casential is to get the things which aro produced into the hands of the people who want thom. Stripped of all its ver- binge, that is the problem to which economista must, in the last resort, address themselves.
CHASTISING HIGHBROWS
re-
Everybody talks about high- brows; but only the Manchester Guardian seems to have thought of Inquiring what a highbrow IB. Its readers have settled beyond doubt that, ho ie, on the whole, decidedly unpopular. Most defini- tions are in the vein of the reader who summarily dismissed or &
the
WIS.
highbrow 4.5 "the jaw bone of an aae masquerading as the backbone of an art," which, if not an example of the pink of courtesy, at least leaves no ain biguity na to the meaning. Ono may profitably Inquire whether this prevalent scorn for the high- brow is really such a very good. thing. He is the adventurer of the arts. He
recogniacs to-
the geniuses of to- morrow. Ho follow wandor ing fires: some of which turn out to be merely will-o-the-wires, but of which others Bro veritable beacons. Ho encourages the un- conventional until to patronise it becomes itself a convention. Ho. does his little job in the world.
"Read the sports pages; learn something about the stock mar.
ket that's what men
When they saw us they want. inside again.
EXCLUSIVE.
"I am a member of Oxford Uni versity, a Master of Arts, and I would not have put on a picturo which was not perfectly all right." -Roported comment of cinema | managor on exception being taken:
to "P'm No Angel.”
There are
como who liko le hotstuff-What our French. call risquo;
Their notion of what is fitting is the humour of Broadway: The broad way and the shallow, the rough way and the loud- But we Masters of Arts of Ox- ford, we're a very different crowd,
There are some who hand out wisecracks - they say the
strangest things
And maybe they're no angels; they'd look all wrong with wings;**
1
But we could keep our end up.
though seated on a cloud;~-
Masters of Art of Oxford,
we're a very proper crowd.
ゲ
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