Monday, May 23, 2022

Tit-bits from the Capitalist Stewpot (1941)

From the June 1941 issue of the Socialist Standard 

What Mr. Ford thinks.
“Making his annual visit to his plantation here (in Georgia), Mr. Henry Ford again gave expression to his peculiar view of the war, saying that the United States should supply both sides until they collapsed.

Voicing the ‘sincere hope’ that neither side would win, he declared that the suggestion that Germany might one day attack the United States was ‘pure nonsense—a hoax with the sole purpose of getting us into the war.’

‘There is no righteousness in either cause,’ said Mr. Ford. ‘Both are motivated by the same evil impulse, which is greed’.”—(Daily Telegraph, February 17th, 1941.)
Mr. Ford should know something about capitalist greed, for in times of depression he has been quite unscrupulous in discharging workers or putting them on half-time. And to supply both sides—at a profit—is that not also greed ?

* * *

Rowton Houses make a Dividend.

People who think of Rowton Houses as philanthropic institutions, providing cheap beds for extra-poor workers, may have had a shock on reading in The Times (April i7th, 1941) that for 1940 a net profit of £5,455 was made, permitting a dividend of 4 per cent. This compares unfavourably with the previous year, when a £14,621 profit enabled a 4 per cent, tax free dividend to be declared. Though Rowton Houses have evidently been hit by the war, it is clear that there are still plenty of people who are too poor to be able to afford more luxurious accommodation.

* * *

Business in the Far East.

Despite an all-embracing censorship, company reports are still worth reading, and that of the Hong-kong and Shanghai Banking Corporation (The Times, March 26th, 1941) is of particular interest. We quote the following extracts: —
“In view of their bearing on exchange and trade balances, I should here mention the various credits and loans which China has received during the year from foreign sources. Detailed particulars have not been made public, but you must be aware that such loans were made chiefly for political reasons. The published announcement dealing with the most recent of the United States loans showed that the donors were desirous that ‘arrangements for purposes of monetary protection and management’ [the words actually used] should be completed. That is satisfactory so far as it goes, but that is all the information which is at present available.”

“As regards Japan, recent regulations issued there seem to be designed to restrict or to drive foreign banks out of business altogether in the same way as banks in Manchuria have already been restricted and, in some cases, driven out. The position awaits further clarification, but in the meantime we have notified our diplomatic authorities, as their intervention seems to be the only action now possible. I will, therefore, say no more about this, nor will I deal with trade in Japan, since it is now under very comprehensive Governmental control.”

* * *

The “Classical” Doctrine.

Writing from Berlin six months before the start of the war, the French Ambassador, M. Coulondre, is quoted as stating, in a despatch to M. Bonnet, the French Minister for Foreign Affairs: —
“In other words, will the Führer be tempted to return to the idea expressed by the author of ‘Mein Kampf’ which, be it said, is identical with the classic doctrine held by the German General Staff, according to which Germany cannot accomplish her high destiny in the East until France has been crushed and, as a consequence, Britain reduced to impotence on the Continent?—(French Yellow Book, Hutchinson, page 91.)

* * *

A Baron’s Romance.

The Star (March 7th, 1941) reports the interesting case of a wealthy baron who induced a young woman to live with him on the understanding that if she did so, he would further her stage ambitions. She was about 18 at the time, and at first refused, so then the baron lived with a more complaisant lady. The young woman, however, subsequently changed her mind, and the union was a fruitful one. The really interesting point about his case, however, is that the newspaper report refers to it as a “romance.” If an affair on somewhat similar lines had occurred in a lower strata of society, we can imagine that it may well have been described in less rosy terms.

* * *

Paint white—Paint black.

For some reason known only to themselves, Graham and Gillies, the advertising agents, republished in The Times (March 1st, 1941) and other papers an advertisement issued by J. Hatchard, of Piccadilly, in 1805, when Bonaparte, not Hitler, was the enemy. The advertisement takes the form of a supposed dialogue between John Bull and Boney. Space forbids us to quote the advertisement in full, but after implying that John Bull wished to remain at peace and that Bonaparte was an enemy of the liberty of the Press and of religion, the dialogue continued : —
John Bull: Why have you suffered your soldiers to burn so many towns, shed so much innocent blood, destroy cottages as well as palaces so indiscriminately, murder in cold blood thousands of poor men, and ravish thousands of poor women in Italy, in Egypt, in Syria, and lately in Hanover?

Bonaparte: Foolish again, John. I did not merely suffer it—I encouraged it. My object has always been to strike terror. I don’t mince matters. Witness the deliberate massacre of four thousand Turks at Jaffa, who were my prisoners; and my poisoning several hundred of my own soldiers, who were of no use to me.”
To say the least of this advertisement, it is surely a rather indelicate compliment to General de Gaulle and the “Free French Forces.”
R. M.

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