Perth Amboy evening news., 1923-05-25
THE REFEREE
(By Albert Apple)

Ong Che
Without a cent to his name Ong
Che. a Chinese coolie. arrived / n
Manila 10 years ago He got busy,
with a bland smile. a serere conf
dente. a tireless body. No job was
too Notwithstanding to corral the
loos' nickels and dimes.
Included in Ong Che's makeup
was the powerful seed. a sense Of
thrift. 1t took him three ear to
save $500. Then he went into the
junk business. Now he buys any
thing from a wire nail to a steam
ship" and is worth a million dollars.
Ong Che is the new owner of the
steamer Missoula, purchased from
our Srmy quartermaster department
When a penniless "Chink" can ac-
eumulate a million. surely the rest
of us can never admit that the fu-
ture is black and hopeless.
Explosions
Nearly 432 Million pounds of eX-
~plosives were sold in our country
during 1922. the Bureau OF Mines
announces. For industrial uses,
such as coal mining.
We imprison, transport and re-
lease a ~stupendous power in the
commercial use of explosives, a
power that combined is almost be-
yon1 the imagination.
And yet we are unable to control
the explosive. human emotion. so
we have war. poverty. misery. bro
ken hearts. Man has less control
over himself than he has over any
thing else in life-even the climate
and weather.
Bonds
Are you one of the hundreds of
thousands who are sailing away
tI,a3. n,npoy in hnndGo If en- V0iIII
be interested to learn that Harvard
University, guided by its bic
economists, has four-ffths of its sur
plus funds in bonds and real estate
mortgages.
The Harvard dollar is distributed
so that on the average 20 cents is
in railroad bonds. 26 cents in public
utilities, Is cents in industrial bonds,
s cents in traction bonds. 4 cents in
government obligations and Is cents
in real estate mortgages.
Apparently Harvard is banking on
a good future for the railroads and
public utilities. The figures are from
the Harvard treasurer's report o
1921. just available.
Stocks
Harvard University has 81 mil
lion dollars of general investments.
About a fifth is in stocks, the rest
In b0ndS ana real estate
The average dollar of it's stock
holdings is divided: 35 cents in in
dustrial stocks. 20 In railroad stocks.
20 real estate stocks, 16 in public
utilities.
Before copying its system. remem
Der that, for instance. while indus
trial stocks in general may be a good
buy, it all depends on picking the
right ones instead of the weak
sisters.
II. D. Seton, army major displays
his prize belonging--the brass he'll
met worn by Magellen, Portuguese
navigator whose expedition was
first to sail around the world. It's
a heavy affair. Richly carved, but
mos: of us would as soon wear an
iron bean pot.
Magellan died 402 years go. His
helmet survives. Just as when he
laid it aside for the last time. So
does every particle of matter that
mac up his body. But that body
wasn't Magellan, any more than his
helmet was. The real Magellan Is
somewhere beyond the veil.
You may meet him later.
Home brewers will be sorry to
learn that 100 million pounds IF
American raisins are expected to be
shipped abroad this year. More than
six times as much as before the war.
A great growing industry.
It's be a lot better for a great
many stomachs and nerves If the
exports also took the quantity now
going into the cellars.