1937-10-29 — Page 6

THE HONGKONG' TELEGRAFI, FRIDAY, OCTOBER 29, 1937.

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E celebrated last

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The

book.

This, his second book,

I took two months to write. For the film rights he gets two thousand pounds.

He had in advance on the royalties of the book, which may

Published recently were details of the will of. William James Myntt, of Birmingham. He left more than £200,000-having made his money manufacturing razor blades. Marconi, who made his money out of one of the world's greatest inventions, left, not the £3,000,000 that was estimated by some, but £30,000. Other people's money and how they made it i a subject or in- exunustible interest. But it seems fairly certain that the quickest way of all to make money (though don't forget that money soon made generally roon goes) - writing.

BIGGER

IGGER money is made. with oven less work

on the Stock Exchange, but there you linve to have money to make money.

Sometimes stories of specta- cular deals creep into the news, and they are big enough to hit the front page. Round about 1934 a Mr. John Parker cleared an individual profit of £150,000 in a deal in brewery shares.

In the same year a gold share boom enriched one man and his friends by a million, though the total original risk was only £750.

Three other men were said in. the City ench to be richer by a million, and another trio to have made three-quarters of a million each, in that gold rush.

You can sit back on a The novel writers don't do so Stubbs Rd, Mean a couple of hundred pounds £50,000.

or a couple of thousand if it goes quarter of a million.

badly. A. J. Cronin changed his well.

So you can on £1,100 a week, job at thirty-five, five years ago,

He says he's Money just as big is made just Nice work for a young man, which Frederick Lonsdale was to write novels.

with less than five as quickly sometimes in real and young men are doing that drawing when he had three content

things on at the same time in thousand a year, though the estate, but again money is need- every day.

London theatres and another proßts from "The Citadel" must ed to start the ball rolling. Without much capital, the £1,100 a week from America. send that figure up.

The chances are that your local

Thongkong Telegraph.

FRIDAY, OCTOBER 29, 1937.

7

quickest way to riches is by writ The newspapers report that If authors worked harder may. auctioneer and estate agent is a ing. With capital, of course, James Hilton sella the serial be they could make a lot more fairly rich man, though the you can make a bigger fortune rights of a new. 30,000-word than they do. Arnold Bennet money he makes is trivial com. in business, but perhaps only a novel for nearly £10,000, and a made £10,000 a year, and killed pared with the men in London lucky gamble on the Stock, Ex- young playwright. Terence Rat- himself doing it.

who buy an old site and sell it SHINING COURAGE [change can compare with the ligan, sells "French Without

overnight for a new block of flats writing trade as a quick money- Tears" to a film. company for the

and take many

thousands for

The "clarion-throated" news maker. organs of Great Britain are sounding a chorus of approval, with an overtone of amazement,

same amount.

LOOK at the theatre.

No wonder there are

than there are

HOWEVER, most pro- fessional men ·and tradesmen work harder than the Maug writing folk for very much less ham must be a very money.

their trouble.

Arthur Brisbane, the Ameri- can journalist, was paid £50,000 NOW Somerset

a year for his newspaper work, but he made as much, if not concerning the Chinese defence more plays waiting for theatres rich man, for he gets five shill- No doctor can hope to clean up more, by buying and selling land

theatres ings a word for his writing. Be- a modest fortune on his first or and houses. vacant.

i

fore the war he had three plays second patient, nor a lawyer on But in real estate there may. Do you

remember the play on in London that carned him a his first case. In the long run be no buyer, and shares may not "Abie's Irish Rose"? There was decent independence.

perhaps they may build up big-go up or down whichever way nothing very clever about it, just But his story shows that this ger fortunes than the writers, they were guessed to go, so a little human comedy about writing business isn't all jam. but in time and labour there is there's nothing much to bent the Jews and Irishmen.

writing business. Ilis "Liza of Lambeth" brought no comparison. A woman wrote it, an actress him only twenty pounds, and for Not all their skill and elo- who said she was the world's the first ten years they say he quence can bring professional

Of course, books do not worst actress. She turned out averaged only a hundred pounds people into the millionaire class, to be the world's most successful a year.

but "Abie's Irish Rose" shows

always sell, and many playwright, for that one play However, ho is suld to have that writing can-though it has plays never get on the stage, but gamble only earned her £1,000,000 in four been paid £15,000 in fees for happened only once as far as I the writers who

with their leisure in writing years. No mistake in the "Our Betters" during the London know. noughts, a million pounds.

them don't stand to lose an aw- ful lot.

And now, no doubt, you would like to know how to write. That's another story,

of Shanghai, or properly speak-10w ing. Chapel and the rural aren' north to Litho and the Yangtse. It seems that the dogged and enormously courageous stand of the Nanking Government's troops against the Japanese in-Ì vaders has finally dispersed,| probably for ever, the myth that the Chinese are comic-opera fighters. The fact is the world needed no such proof as the bit-;

run. The best of this play- Of course, a book or a play terly contested battle-fields of

months to Then the film rights put that writing business is that the may take years or Kiangwan, Woosung. Chenju. figure up another £100,000.

money can keep on coming in. write. Margaret Mitchell's "Gone It was estimated that "Our with the Wind" took seven years Nanziang and the rest. Chinese Lucky? She was. She had

Betters" would in the ten years to write, but since she has al- soldiery, outside of the petty, to produce it herself because no following its production carn for ready received £100,000 for the

body else would do so. Fifty warlords' struggles, has proved.

Maugham £2,000 a year from the book it's pretty good pay on any American managers-scorned-this- its mettle in many an engage-play that Ann Nicholls wrote in

basis of reckoning." touring rights.

You read Barrie's will. It

True she has had to pay £62,- ment. Its reputation was her spare time.

shows how the money can mount 000 in taxes, but so would any- The theatre takes a lot tarnished by the fact that for a

beating. Hartley Manners, form-

up, for he left more than £173,- body who made that money, in good many

the years

in-

000..

any other business. er London journalist, made more

al

RENOVERIDOREMANAKROPOHARASSMARKANTIANAKENAKKOREKANKAAREKENDERUA dependent warring chiefs pre-than £200,000 out of the world******

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Coble Address SWANSTOCK Hongkong & Shanghal Bank Building, Hongkong

Offices: Shanghai and Manita

ferred buying off

in enemy

rights of "Peg o' My Heart,"

to fighting him; and that was then sold the film rights for probably the less expensive way | ***

to victory. But there hayo been that prolongation of the t countless instances, since the will only harden' it.

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Emrys

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HOARDED MILLIONS

RITISH banks are generally ac-

In this country

result of the various financial crises

dropped dead in a London strect, and in the mortuary

People with no Faith in Banks

then secret inay escape their

ellents die, and even hiding-places

notice.

The vast majority of hoarders are very cunning, and seldom even take their own family into their con- fidence, A carpenter in a Lonca-

some, and in ill over £1,200 irt A saving child who feels his

days when the ferocious Mongol Unless the Chinese psychology knowledged to be the safest in hordes ralded and plundered un-is something very different from the world, yet thousands of people upparently do not der their Khans, that Chinese what is written of it, there is belleve in them, troops have fought with the every reason to believe that the aver and notes is estimated to be At least £25,000,000 in gold and same courage as did these stal-ruthlessness, with which this privately hoarded in Great Britain will tell you of the tragedy of an shire town, who was requested to wart men around Shanghai struggle has been

home of a wealthy shipowner, hat waged will Many authorities consider the total aged widow who hid her money-construct a secret wall safe in the

to be greater..

£700 in all-in a chimney recess.

solemn onth that he would during the past eight weeks. continue to influence the masses,

Her daughter arrived unexpected-to take Hoarding money has received a The world forgets so easily. It the non-combatant millions at great impetus in recent years the fire in the "best room, where or even its existence.

ly from America and unwillingly lit never reveal where it was situated. This particular shipowner has the was only six years ago that the home and abroad,

a fire had not been lit for ten years. towards at home and; abroad. Nol long ago The money, all in notes, was burnt.) Axed opinion that all the banks in Japanese felt the shock of well-generous even fanatical man

soon collapse, and, When the widow saw what had the world will

like all hoarders, he does

not trained Chinese troops at Nouni support of a Government which found to have over £500 in notes happened, she collapsed and died on real

realise that, should this happen, the the spot.. River. Five years ago the 19th is proving itself equal to the his wife stated that her husband had concealed in the lining of his jacket,

monetary system. would collapse and At an auction sale in a Midland hoarded notes and coins would he of Route Army made its fight at greatest crisis in the nation's no faith in banks, and always car- town not long ago a woman bought ne negotiable value.

heavy, old-fashioned bed. Hor ried his life's savings about with husband decided to alter it and make the opinion that the hoarding spirit Shanghai, died bravely on the modern history. The bombing him.

A famous banker of to-day is of

ground that Marshal

It appear more modern, When he begins in many people in chlidhood, of defenceless refugees around Thousands of men and women, Chiang's divisions have con Shanghai, as reported by the business, have secrul safes

many of them well educated and in sawed one of the legs he found it and blumes children's savings banks and was hollow and stuffed with coins for this, it is an interestian theory,

The other legs were the and there may be some truth in it. tested so hardily latterly. How-

United Presн on Wednesday,oMcies,

Hiding-places in their homes

and nd notes. One well-known British In-cash was found. ever, China has not forgotten. may have had the effect of stir-dustrialist is currently rumoured to

"bank" getting heavier and heavier The bed belonged to a middle- and can empty it at any time, and The example of these matern

ring panic among those imber in a certain part of his estate.

possess a secret underground chom-

nged spinster, who had died. The see its contents may develop

com~ warriors, and something of mediately affected; but such Increased Nervousness

money was handed over to the heirs plex against handing money over to. by the honest couple, and it was

a place where it cannot be seen. stirring of the blood of the flerce, épisodes can only atrengthen re-

revealed that the Jute owner all her

Whatever is the cause it is in- There is no doubt that nervousness fe had a rooted objection to put- controvertible that millions of pounds if forgotter, conquerors whom

sistance by heating hatred within all countries. During the financial

has increased among moneyed people ting money in a bank.

are lying dormant in Britain, curning China has assimilated, have lent

no Interest for their owners, and not overy repetition, Though the crisis in Britain in 1931, and also Able to Look at it themselves to Nanking's new

during the

being utilised as they should Anancial collapse world may forget and, in time, America a little

but later, there were

A very rich Eccentric mer national credit and expansion. discipline and resulted in a de-

pardon the mistakes. of over-heavy withdrawals from banks. A chant who lived in London never Foolish Policy feat which is nothing short of

jealous, excited young officers, sum has never returned to the banks, died a few years ago he was asked!

cpnsiderable portion of the aggregate and a bank account, and before ho

Hoardero Bre not only short-

themselves glorious..

for his reasons for this. In his sighted for

but un The current low Interest rates on Northern accent, he replied, "I made patriolle. In some European coun It is scarcely conceivable that deposits have also encouraged hoard- the money myself. I want to keep tries there are stringent laws in quee There is this fact to bear in what are to-day called by Chinese ing, and probably never since the mom be able to look at it against hoarding, for it is not for- mind, that although the loss of dastardly crimes against a na money in private custedy as at the whenever I liave the rollo. gotten that Germany and France Inla both plunged almost Chapel and the foremost defenca lion will be termed errors 01 women hoarders for outnumber ficti

Solicitors find hoarders very dit were

ellents. When it comes to economic ruin some years ago by private hoarding of lines to the north of Shanghai, judgment to-morrow,

men, and the part of the United Winding up and administering their widespread

In money. Kingdom with the highest proportion catates, the difficulties multiply. is a definite set-back to Chinese The Japanese faculty for ex- of hoarders to Ireland. Travellers many cases hoarders do not realise In the end both German, und na French hoarders lost heavily by their arma, it by no means spells discusing misdemeanora will be in Irish country districts are seldont how much they are worth, and,

nald by cheque, unless by big firms, they advance in years, they frequently policy, the re-valuation of the mark aster. There is still much taxed to the limit to win for- and some quer stories could be told forget where they have hidden certain and the frane upsetting all their carefully arranged plans for nan- ground, to defend, and the tem- "giveness of future Chinese about Irish hoarders.;

Chimneys aro favourite Jiding- Solleitors have to make an ex- cial “infety."

(Continued on Page 6.) per of the fighting forces is auch generations.

places, and in a Kerry village they haustive search when such forgetful

in

Civil War has there been so much

time.

sums.

4

for