An
THE HONGKONG TELEGRAPH, TUESDAY, DECEMBER 5, 1950.
COITORS PŘEŠO VERVICE INC.-NUEVA YORK;
1810
"Okay-now what do you want for supper Thursday?"
Taft Tears
Of Label
By O. H. BRANDON
arc
If you ask Senator Taft or any of the other notorious isola- tionlsts the first thing they will deny is being isolationist.
"I am a moderationist," said Senator the
newly-elected Dirksen,
from ↑ Republican
the De Illinois who defeated mocratic
the floor leader in Senate, Scott-Lucas.
How isolationist
the much Government interference, isolationists going to be? That too much bureaucracy, too great great question agitating Mra waste of money, too is the
to labour unions, Dean Acheson, the Secretary powers of State, Sir Oliver Franks, which in their zeal to get every the British Ambassador to the worker to the polls used strait- revolted methods that in jacket U.S. - almost everybody Washington,
even many workers and, out of
made them spite,
vote Re- publican.
INCONSISTENT Another group of isolationists because of its isola- won, not tlonism, but because it succeed- ed in explotting to the hilt the American fear of Communism. But their campaign speeches fight were a disservice to the
Communism, because "Anybody was an idiot who against called anybody else an isola-it made people believe that the tionist these days. We could relatively small Communist in- not be isolationist under Auence in the U.S. was a much menace than Russian present conditions!" exclaimed greater Senator Taft at a Press con-aggressive expansionism.
This is just another hidden ference recently.
WARY AMERICANS upstart isolationism. Confidence the inner strength and Almost all the so-called Re-in
defined security of the U.S. Govern- publican isolationists
ment was weakened and so their brand of isolationism
the policies of building nothing but "greater
caution were
the Western world's strength in spending money." This is a
resist Communist im- definition which cannot fall to to
perialism. be popular with the majority
Isolationists, who
however, are of the American people, are wary of the large amounts completely inconsistent in their
Eastern policies, assistance their Far financial Government has been spending they advocate American inter- abroad, and of the increasing vention to taxation it means for them.
of
Point: Four, the
and
as
an extent
where
which
FOR THE
US
BUSINESSMAN
EXPORT
CONTROL
WAS NOT A SURPRISE
(OUR OWN corresponDENT)
London, Dec. 4.
The American action in ordering strict con- trol on shipments of all goods for Communist China, Hongkong and Macao was not unexpected here.
Decline In Chicago Grains
The Americans have for some time been con- cerned over the possibility of raw materials shipped to Hongkong and Macao eventually find-downhill march with the de ing their way into Communist hands.
One means by which European? exporters have been evading the on strategic export controls materials has been to ship them to American
and then foreign ports altering thoir destination to Chinese ports en route.
man-of
STANDARD BRIDGE
By M. Harrison-Gray
Deater: South.
Love all.
N.
493
074
Q 10 9 5
J 5 2
L
10 7 0 4
A 10 9 8 6
43 2 4 3
3.
A K Q
A
and
& A
South opens Two Clubs over North's negative Two Diamonds must rebid Two No Trumps, which gives North the right to pass with As it a worthless hand. happens, North bas ample valucs for a raise to Three No Trumps.
Wests safest lead is 10. South wins with R, cashes &A, and plays A followed by J. overtaking the latter West with dummy's Q. should play 8 and 4. in that order. to Indicate ย doubleton, and East can save a trick for his side by nold- ing up
Dummy's Q and Jare cashed and j West wins with Is finessed
K. but South must make nine tricks with four Clubs. two Diamonds two Hearts and one Spade
London Express Service.
The Americans have now plugged this hole by applying to all shipments of controls strategic commodities from countries passing through American ports on the
ta way
Russia, her satellite countries, China, Hongkong and Maceo.
Commenting on the wave of indignation which wept through Washington when a Senate sub- committee found that £4,000,000 worth of Japanese copper went to Red China this year by way of New York City, "The Economist' says:
Chicago, Dec. 4. Wheat and soybeans led the
clinés nearly two cents a bushel at 'one' point. Traders watchied then news from Washington deal of interest, with a great especially for comment on con- trol measures.
Wheat futures closed % to lower, corn was to 1% lower, oats % to 15% lower, rye 1% to 2 lower and soybeans 4 to 13 lower.
Prices follows:- Wheat-price per bushel Spot March (1951)
closed today 0.3
May
July
Corn
Spot
March
May
July
Rya
Leakages of steel, copper and petroleum, like abnormally large purchases of drugs, have be- come intolerable now that the December Communist armies are launched | May (1051) in strength
against
MacArthur's troops."
General
HONG KONG CONTROLS
Oats
December
March (1951)
to
lose
worth
- America stands millions of dollars (US$80,000,000 so far this year) of valuable imports from China if the new controls lead to a complete trade embargo,
"The Economist" says that some of the agitation against trade with Communist China undoubtedly has been stirred up by Nationalist agents,
2
source
2.2012 2.314
2.30-
2.25%
1.013-2
1.64 -1,63% 1.04-1.09
1.04
1.45% 1.542-35
946- 34
New York Flour-per 200 lb. sack. $12.50.-United Press.
Weakness In Cotton
New York, Dec. 4. Cotton futures weakened in The new export controls will active dealings. The liquidation deprive Hongkong industries of was encouraged by nervousness
valuable
of raw over the Korean situation and over the imposition of materials. But there is no likeli fears hood at the moment that the price controls. The Secretary of British Government will take Treasury, Mr Snyder, said that similar action to prevent ship-wage and price controls will ments of raw materials being have to be imposed to avoid in- re-exported from Hongkong. to flation.
anxiously China.
Traders
awalted The view is taken here that the release of the semi-final the controls already imposed by estimate of the 1950 cotton crop, the Hongkong Government to which is to be released on Fri- prevent such exports are being day. Some dealers believed that sufficiently well enforced to the Government's estimate for make such action unnecessary. the 1950-51 erop as of December I will be increased by several Tho
Spot
Nov. 1 forecast Was 9,947,000 bales. The market finished 'eight' to 164 points lower, t
Prices closed today as follows: Spot ...asia: "42/30 ・・ December
41.40
makes many of the highest authorities in the But when we look into the military voting record of, for instance, Pentagon shudder.
The military are Jully Taft we find that he Senator
that the Korean in- but aware voted for Marshall · Aid, against the
Pact, cident showed how ill-prepared Atlantic
US. even for a small- fence force, Mr Acheson will New Orleans Cottonundred thousand bales. is the against military ald programme
intervention, and they the more easily be able to con- appropriations,
against scale scheme to aid hate to think what would hap- vince Congress that this policy. co-operation international Europe if their And pen in
December underdeveloped countries.
and material resources works.
March (1931) last year he made every effort power
sad irony if fettered
Asian to
It would be
May to cut Marshall Aid appropria- remained
soil and pitted
July against its in- Europe, and particularly France, tions to the bone.
exhaustible
re-were to repeat the mistakes of October
December Clemenceau made 31 Georges sources.
Of course, the power of Con-years ago and thus provide an May 1952
American alibi for certain limitations.excellent about American foreign policy. gress have
Truman remains in isolationists and a case against
in New York Metals involvement His basic theory was then that President
armed American U.S.
For otherwise the
New York, Dec. 4. isolationists will find it difficult
market Tim, Grado A Prices in the metal
(99.80 per- the fundamental to challenge
unchanged cent or higher) New York, per of present American here closed ideas
with the following exceptions: lb. 136-United Press. policy.
attended
2
Last June I private dinner at which Senator Taft discussed his ideas
manpower
would be better advised command of the U.S. to spend all its money toward forces and in control of foreign Europe. building up its own armed policy.
forces rather than those of its
And if Europe will play its Allies because these Allies, he full part in helping to organise
will be more of * argued,
14 an effective North Atlantic de- liability than an asset for the U.S. in case of war.
Douglas MacArthur
No. 24
March (1051)
New Orleans, Dec. 4.
41.05 41.05 bid
40.80-40.85
40.00-40,04
39.67-30.60
30.44
May
30.00
July
35.00
--United Press.
Deccinber
March (1031) May
today
October
40.83-40.39 39.80 -40.10 39.61 - 39.80 36.65-80.80 30.30 nominal
30.20 nominal 36.15
-United Press,
By MELVIN WHITELEATHER & NORMAN MYERS
This appeared to be Senator BACKGROUNDS: Taft's honest conviction, but
then he did not expect to be pushed so far forward into the race for the presidency in 1952 05 he was by his over- the last whelming victory in elections.
man,
Being 2 clever
he knows that you can win am "election
ju Isolationist as an the Middle-West, but not across the country. In fact, at his last Press conference he already said that he favoured military aid to Europe, though needed thorough examination by Congress,
it
After
three
months, a
The
(-5 sentty armĒIZATH
All isolationists, whether
In 1948 MacArthur evidently politicians or newspapers, were
ran in
pell. Communist outnumbered Greatly
there were no more vastly irritated by most of the
back
the
38th thought thought victorious General MacArthur mell
across
tasks for him great military comments
Korea-some experts in the European
so-and facing *
North which divides Was back in Seoul proudly parallel, Press branding the Republican hopelessly
to perform, so he announced fanatical enemy, Gen-
the
of election
the and South Korea, The success his availability as a presidential gains 39 gains for tricky,
keys to handing eral MacArthur set about isolationism.
Nothing, however, Korcan over to
Pre- ful Inchon landing put a nut candidate, hold a small beachhead until capital know that it was
on them and their in- came of 11. At the age of not They
Rhee. South Koreans tracker their
as if isolationist
that help could..come. His battered sident bend
the were
returning to homes to vasion collapsed like a house seventy, it looks now brought them victory; It was troops, hammered from
Once again the old General MacArthur will con- ab from the find their rice flelds ruined of cards. a swing away from Truman's front and shot Fair Deal, called "creeping rear by infiltrating Reds dress and houses burned down, while master had conceived and tinue to serve his country and
brilliant campaign the U." N. in his role a Socialism, which to most ed in civilian garb, lost heavily at the United Nations the Rus- fought
sians fumed over the defeat," with bits, and parts.
Destiny's Soldier. Americans begins to spell too lin retreat.
as
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