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The Southern Israelite Page 5 Will Test Einstein Theory in May Two great Jewish industrialists have been getting it, as we say in . ulgar parlance,—Lord Melchett from his old chief Mr. Lloyd George, and s: r Hugo Hirst, the creator and build- 1 er of the great General Electric Com- i pany, from the London Press, from j his American stock-holders, and from | Colonel Josiah Wedgewood in the House of Commons. The Lloyd | George-Melchett conflict is nothing new. It goes back to more than three years ago, when in January 1926 Sir ■ Alfred Mond, M. P., as he was then, loft the Liberal Party, with which he had been connected since the begin ning of his political life and joined the Conservative Party. Mr. Lloyd I George took the secession in very bad part, and broadcast a statement to [ the Press which caused a good deal ,.f surprise because of the unexpected- I ly vicious way in which he hit out at Lord Melchett’s Jewish origin with a I comparison of him to Judas. The Lib- I oral Party offers poor prospects now I for ambitious men, he sneered, so I like another notorious member of his I race, he has gone to his own place. I Lord Melchett said little in reply, but I he could not restrain himself from I denying the implication, that he had I acted as he did to serve personal 1 ends. And now comes the continuation. I Lord Melchett had occasion the other [ day to criticise in a public speech Mr. I Lloyd George’s policy. Like a kick I from a mule, came Mr. Lloyd George’s reply: An attack has been made upon I me by an eminent artistocratic Con- servative, Lord Melchett, formerly I known as Sir Alfred Mond, he said, All 1 can say about it is that in his I personal attack he excelled at least n vulgarity. Why did he quarrel with ,IU ‘ I w as the first man to give him :tice. lie had been in the House of • 'niniMmiMinimiimiiiiiMiimiimiiiiiiiiMiiiiiiiiiiiiiiiiiitiiiiiiiiMiuf F. E. Maf f ett, Inc. | Oakland I and Pontiac GOOD-WILL USED CARS 123 Spring Street | .illl!lluiuu U nni|u l ,|uiunm,|, 1 || 1 | 1| | |||| ,| || | ll(I|11 || 1 | |(|M|1|(I|U |||| | = Lloyd George Has It In For Melchett— Wedgwood Goes For Sir Hugo London iSeti's Letter By JOSEPH LEFTINCH Commons under three administrations, but not one of them had offered him the post even of a doorkeeper and it was not for any lack of push on his part. Quite frankly, he was loathed by the Conservatives, and the Liber als, knowing him better, liked him even less. I received a serious protest against that appointment, but I pro moted him to even higher office, and when he was out of parliament took special steps in helping him to find a seat. In fact, I pulled him by the tail, in spite of the heavy weight of prejudice against him, from one of fice to the other, until the tail came off in my hand. The Conservatives have clapped another tail on. It was not the one he expected, but it was a glittering one. As for Sir Hugo First, he got into trouble because of the decision of his company, the General Electric Com pany, to issue a proposed new block of a million and a half shares to Brit ish shareholders only, with the effect of cutting out American shareholders from any proprietary ownership in the company. With Anglo-American feeling what it is, the move was re ceived with trepidation in the London Press. Editorials galore appeared censuring Sir Hugo for an unneces sary affront to American susceptibili ties. And Colonel Wedgewood made a savage slash at him in the House of Commons on the score that super patriotism of this kind does not come well from a German-born naturalised Englishman. There was a time when similar play was made about the Ger man origin of Lord Melchett, then Sir Alfred Moritz Mond, as his critics de lighted to recall by emphasizing the “Moritz” with heavy irony. Anyhow, the protest against Sir Hugo’s decision became so general that he had to withdraw his plan, and make some sort of compromise to satisfy the American interests. Meanwhile, however, something has happened about which there has not been anything like as much publicity —a counter move in the United States by Mr. W. P. Chapman, the recent purchaser of eleven ships of the Unit ed States Lines, who has announced a plan to sell preference shares in the new shipping company to American citizens only, to prevent any possibili ty of foreign interests obtaining con trol, or even exercising influence. The whole force of the attack has been hurled against Sir Hugo Hirst, but he is by no means alone in the big movement which is being carried on not only in England, but in Ameri ca and in other countries, too, to ex clude foreign interests from financial control. There is in particular a grow ing suspicion and a fear of domina tion by the immense powers of Amer ican post-war wealth, and British cap ital which was the leading financial force of the world before the access of American finance power, is more than the others on its guard. Lord Melchett’s activities, aiming at the organization of the British Empire as a great economic unit, lie along this line. To be perfectly frank on the subject, it appears that Sir Hugo Hirst on his return from his recent visit to Australia, found that Ameri can investors had been taking a very considerable interest in the shares of his company, so that more than half the ordinary capital had wandered across the Atlantic. He did not like 60 per cent of his ordinary share holders being American subjects, and however intense the outcry against his action was, there is a great deal of feeling nevertheless below the sur face that it was right. The financial penetration of Great Britain and the Empire has now reached a point when some drastic action must be taken, one paper more bold than the rest, has written. A domestic revolt against the enroach- ments of foreign (read American) finance was bound to occur sooner or later. The revolt will spread. Big con cerns are beginning to feel the pinch. They must resist or lose control of their trade and policy. There is a third Jew, Professor Al bert Einstein, who, if he has not ex actly been getting it has been spoken of, however, with a certain amount of DAVISON’S Semi-A tin ua l Store- Wide SUPREMACY SALE April 27th thru May 4th Davison’s Supre-Macy Sale differs from all other sales! During this seven day event prices are lower than at any other time during the year. Moreover, all the merchandise offered is smart, desirable, and of the first quality. Our low prices are possible because of large co-operative purchases with Macy’s rather than be cause of inferior merchandise. 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