1934-05-14 — Page 18

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THE HONGKONG TELEGRAPH.

Baccess

TIEGJATKRED

Everywhere

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MY 1934.

THE CAR SUCCESS

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the

Hongkong Telegraph.

MONDAY, MAY 14, 1934.

U.S. UNEMPLOYMENT PROBLEM

MONDAY MAY 11. 1934.

NOTES OF THE DAY CONGRESS DOES NOT

BRITAIN'S DERELICT AREAS ·

that

MARCH FOR KERENSKY

By ERWIN D. CANHAM

The Very Idea!

STOCKS ON THE POT

By George

on the head for the

Hongkong residenta on Home leave, particularly these who make their headquarters in the Bouth, have marvelled at the signs of

rity and concluded

die TT IS hard to avoid writing with in 1893. Not content with ad- A happy note was struck treas have boon exaggerated. uncritical enthusiasm about vising paying off all these losses, Even the average Londonor does Mr. Roosevelt when he burats the President naked. If Congress first time within local Stock not realise the conditions under.

Into town. Objectivity was going to take care of all other Exchange history when at certain areas in the north. Many comes under a tremendous strain bad debts. Thus he turned on the the opening of the new build- which fallow-countrymen live in back M.P., though they know the as be grins at Congress, or at the reductio-ad-absurdam on Congress. statistics, have failed to translate correspondents, and guides them a them into the realities of human along the lines he likes with the ly apparent. For Congress does viviality flowed more freely The results were not immediate ing in Ice House Street.com- Ilfe. It required a series of care combined art of a symphony can not like to be kidded quits so obvi than market values. fully prepared newspaper articios

of the ductor and one of these imperturbously, and inflationary sentiment stir the imagination House of Commons to realistic debate on the "derelict пгода. The regions were already stricken before the trade depression spraad over the world. In 1928, who British Industry was, in the mails, flourishing, there was in Great Britain a solid residium of more than 1,000,000 pereone without work. Since then the slump has hand devastating results.

to

SPECIAL PLIGHT

season.

abla ring-masters now to be seen has made vast headway, The By 11.30 a.m. all the able with the spring circus :

drive for more money comes on bodied and fit members of the But it is not going to be all several fronts. Silver advocates exchange had clustered detor smiles in the weeks to come. It are perhaps the more persistent, minedly round the door whilst " will take more than a matchless and they represent not only the the chairman who was to de grin and a bagful of quips to solid sliver states, but have ecat clare the building open had al- prevent Congress from indulging tored sponsors throughout the ready anxiously tried the key so in the most reckless currency ex-middle West. Speaker Rainey, that there should be no hitch in periments, or to force it to pass cheered by his primary victory, is the proceedings.

logialation which is the corner now loud in his demands for silver stone of the New Deal. Yet the legislation, broadening the base of The larger problem has caused, grin, and the quips will help, and the, currency, the special plight of the unfortun-help mightily. Their influence is ate workers in the derelict arens

•

*

one trade, there

over the

fect.

*

By 11.4 .m. the mafined and ill had found a place in the out- akirts of the crowd which by this time had ceased talking shop and

At the moment, this inflationary werd whistling to make their

could be seen hovering respectfully

д

Mr. Roosevelt:

round the chairman as he pawed

the ground prior to running at the minute practice.

As the large hands of the clock

مان

(another

to bo u sobie extont overlooked. felt in two places. One la in the But now that general conditions Oval Study of the White House, are improving, and 700,000 more where recently senators and repre- drive seems to be the most disturb throats dry. persons are in work than a year sentatives were summoned to going factor confronting the Pre-A large number of reporters ago, and there are prospects of

whole legislative pro-sident, who since his devaluation further improvement, it is im-

currency has pursued possible not to turn to those towns Framme. Maestro at politics that of the

orthodox monetary of Durham and Northumberland, he is. Mr. Roosevelt's personal thoroughly and Scotland and South Wales, technique, bucked up by his policy, with his Morgenthau lean- which appear to have no prospects knowledge and ready grasp of ing more and more boldly toward door with his golden key for last of sharing in the general revival. The cause of this abnormal cond!sues, can do a great deal with the sound money school. Essen-

legislators who are interested in tially, of course, tion is in each ease the decay of a local basic industry. Around nothing so much as playing the himself sowed the seeds of monedashed feverishly after the little the industries have arisen towns game of politics perfectly at the ho tinker with the dollar boldly as to whether It would catcli-It up tary recklessness. Not only did hand there seemed to ba n doubt and villages whose Inhabitants impending hustings. They lived exclusively on their products. willing to take lessons

are and brazenly-although, in retros on the twelve, but noon arrived at his nect, the consequences were not exactly as it had done 24 houra Some will be reopened, but 'more

catastrophic-but he is responsible Previously. As the hour struck a will never work again; and thou- | sands of families live in tho

for the theory of two budgets, one number of the brokers could be The second place where the of which may be as large as Con- een suffering from lolling tonguca vicinity whose men-folk have been warmth of the presidential amilo Kress out of work for years.

pleases. He also opont and fallen arches, p and merry word is felt is. right with a free hand, is still spending down at the grass roots. People liberally, and his annual budget

Propelled by a dozen willing At a moment when there is

NATIONAL EFFORT

have been talking in Washington message spoke of a $7,000,000,000

reporters, the chairman', 'was talk of the United States adopt-

about another radio speech. It deficit this year with complete The population in auch places has been a long time since the unconcern.

hurled at the door, key in hand: Ing a national scheme for the

is stranded. like Jetsam thrown President has settled himself at a relief of unemployment, it is of high and dry

His little speech had been writ by the sea. The microphone and talked to the A good defence can be made out ten out for him but at the critical interest to take note of a Billyoung persons, If they hear of country. But the mood in which for Mr. Roosevelt's attitude, but a moment he lost it. which is being sponsored by jobs in other parts of the country, he told Congress at Union Station better case is obvious for calling Senator Wagner of New York skilled in only

"Gentlemen," he said furtively. migrate; but for the older men, that "I'm a tough guy," and as a halt now. Still, to congression- which, if put into effect, would is no choice but to stay where they that his reference to shark and not object if it duplicate his mone- below the size of the key ere sured correspondents afterward al thinking, the President should poking at the hole in the door which had by this time shrunk to' greatly facilitate this end. One are and subalat with their families barracuda was just an allegory, is tary joy ride with one of its own. "Gentlemen, 1 Beed hardly tell of the difficulties of the situa- on the dole. With trade reviving precisely the mood which will win To make headway against such a tion is that the Federal Govern-in other parts of the country, it warm sympathy for him with the tide is manifestly dimeult, and it you why we are gathered here to Iment has no power to order 19 loft that the time has come to majority of the plain American would surpriss nobody if further for me. (putting both hands to day. This is a great moment. to pass laws, but the solve the separate problem of this people.

make a great national effort to

vetoes States

werd required. On the allver and Inflationary legislation, sponsor of the Bill under notice derelict population. Public opinion

key and turning hard). however, a voto would probably behave great pleasure believes that it is possible to is aroused to demand that this, make it highly advisable for like the problem of slum clearance, But the lesson needs to be rubbed Congress, backed, perhaps, by ning the building...

Congress is fully aware of this, sustained in at least one house of despairing twist) them to do so. Actually, the should be recognized as a

a special and exceptional legacy

in, for every individual Congress-tempting compromise. from the Bill is a revenue measure, levy-unst which should be dealt with man la at this moment interested The currency question is not the in doing things which the largest, only problem which will require a Federal excise tax on by a similar plan of campaign- employers to the extent of five that organisations should be set up stituency will regard as personal fore Congress goes home to repair groups of voters in his con- hard work as well as smiles be per cent. of their annual pay-on the spot to alft the possibilities favours. The veterans' vote, of its fences and the President goes rolls, but it provides that such of developing new local work, to course, was a personal favour to to-salt water. taxes-be-remitted to the extent promote-intensive cultivation of this group. The McLeod Bill to

Inside-the-popping of champagne- that an employer has paid into the soil, and above all to attract pay off frozen banks deposits is on-

bottles could be heard as the boys a State Unemployment Insurance some of the new industries which other colossally appealing mea-sevelt's new vigour, and

Yet, in the light of Mr. Roo-mado.preparations to repent the Fund which conforms to certain tend to be established in tho

his loaves and shes miracle when the "lessons from barracuda and door should be opened. minimum requirements. It is

shark," he now has the chance to thus assumed that if the Bill

But the President is against the take the upper hand. Congress,

Meanwhile the mob threatened bill. He brought his opposition were passed, States would rush'

can be unruly. But to get out of hand. to adopt Unemployment Insur-

"We are indeed. devoutly thank right out into the open at his first on musse, ance Acts, thus enabling them ful for present morcles, but may ence upon his return. "By all Room, fe n different proposition. need hardly tell you why we are

jovial, mischievous press confer Congress, taken in handfuls and

worked on in that pleasant Oval This is a great day for me,

Remarking again "Gentlemen. to keep at home the funds col-about to receive, may, the Lord closed banks," he said in effect, the air!

add that for what I hope we are means, pay off

the deposits In Especially with a radio speech in lected, rather than letting them make us truly thankful."

These

all gathered togethered hore... go to

the Federal Treasury. words might have been taken from them all off." And he proceeded 30 and with flashing sarcasm. "Pay

declare the building open," the Hitherto, Stutes which have a benediction. Actually they are to tell, with broadening wit, of back to Washington in the April the door was open.

It wasn't Kerensky who camo chairman gave another wrench and wanted to pass such Acts have part of an address delivered by a hesitated to do so for fear that leading arma maker to his share how he lost $300 in a closed bank sun-and-rain. It wasn't Kerensky Anasty situation had been

in 1921, members of his family for whom 200 members of Congress they would place their own in-holders recently. The speaker had lost large sums in the panle of marched exuberantly dustries under

just alluded to the depression from competing with those of other been emerging no doubt swiftly

a handicap in which the armaments business has 1907, and his father lost even more Marine Band. States. Thus there has been ain the last troublous year. general disinclination to move, Otherwise present mercies" might and the majority is held back, be read as meaning a

continua as is so often the case, by ation of an all too precarious ponco. minority. The author of the In its context, however, the phrase Bill bases his case on the fact is more likely to be interpreted as that unemployment is a social the Far East, to the slaughter referring to military operations in rather than an individual res-over the Gran Chaco, to the ponsibilty, and he points out alarums in Europe. It is conceiv that the measure whch he puts able that armament hawkers, gath- forward would be a powerful in cred together to consider their centive on employers to work profits, might speak of these thinga

ing

south.

PRAYERS FOR PROFITS

for stabilised employment condi- as "mercies":

tions when they realise that they | IRONIC_HUMOUR - are face to face with paying un- employment costs. The States, Similar remarks may be found under this measure, would be in other addresses. They mark as left wide latitude in framing it be the trade of arms with sharply as anything could unless their own unemployment insur enemies in war time-the beauti ance laws, as the Bill provides fully detached. view with which only certain minimum requiro-the arme vendor regards humanity. ments, the detalls, and even the They, illustrate equally well the kind of plan, being loft entirely way in which the interests of one to the States themselves. If industry in particular oppone the passed, it will be a distinctly interests of mankind generally. new departure in American social welcome. What men call blessed, What mon fear, these interests legislation, both in subject mat-those interests oppose. Yet even ter and in the manner of virtual-arms denlers know the wordings of ly compelling the States to act prayers: "For what I hope we on a Federally-sponsored iden. are about to receive, may the Lord The effect would be, in the last make us truly thankful," "But, na resort, to secure a nation-wide ironic humour of the situation in

If even ho wore

are conscious of handling of the problem, which which he found himself, the speak is casential if any real Impresor alon is. to be made on the ques- say this in no irreverent spirit." or of these words added: "And I tion. Above all, it would once Maybe not. But no doubt many and for all remove the matter rendors of his address, recalling from the realm of sporadic pri- the betrayals of peoples to the vate effort to the higher plane gods of dividends and counting of national action, where it rent the millions who perished in the ly, belongs.

last arms makara' heaven, will speak another prayer.

the

sure.

In declar

At this point the architect rush- ed forward to protest against the door beln manhandled and in the have mislain the key in his pocket. confusion a reporter was found to

behind the averted narrowly..

"For years I sat at home waiting for you to succeed, and now

you go to nothing but slag dinners."

I

...I

While the stock brokers were being human, a representative of this journal armed with n bottle of beer between a couple of sandwiches and munching a cign, sought out the chairman and demanded an explanation of the contretemps.

"I am afraid it was entirely my fault, the latter confcnsed, "My hobby is collecting koys and I was in too much of a hurry to get the affair over. However all's well. that ends well", he added getting a Bausage roll into a half-nelson and turning his back on us for the next operation.

Going back to the once still hugging our sandwich between two bottles of beer we reflected on tho frailtica of human nature. We could not help wondering with Rome apprehension as to the date of the dollar in such an atmos phere. Would it be inflated- or just go bust? If neither we felt sure it would do something else or nothing at all.

..*.

Then there were the Ave loaves. and two fishes or was it two loaves. and Ave Ashes? They had seemb to go round alright, but thốn. 'everything was going round. Even the dollar was going round,

It was dvident that we were walking in a vicious circle and that we were getting no neater the ond...

Hours afterwards the Editor found us still clutching our cand wich between two typewriters and distating The Vary Idea to a life | sizo statuo of a bull