Word: taiwan
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Dates: during 1930-1939
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Last week in Canton took place a currency operation that coolies understood and relished. Creeping past Japanese sentries on a quiet Sunday, 100 guerrillas raided the Japanese-owned Bank of Taiwan, bayoneted three guards, smashed open the safes, grabbed $260,000 in notes, $90,000 in silver coins, escaped with a 20-minute lead. Baffled Japanese clamped martial law on the city that night, lifted it again before daybreak...
...route from Kobe to Manila, steaming down the rock-strewn coast of Formosa to avoid the Japanese-controlled war zone in Taiwan Strait, the Dollar Line's 21,936-ton President Hoover grounded last week a few hundred yards off Japan's Hoishoto Island 500 miles north of Manila. There, with 1,000 passengers and crew safely ashore and on other ships, the $8,000,000 liner was slowly being battered to pieces...
...Occidental practice of accepting financial support from Big Business, but the new custom still smells rank in old Japanese nostrils. Twice scandal has invaded the Cabinet of harassed Premier Makoto Saito, smoked out two of its members. It seemed only a question of time until the great Bank of Taiwan scandal should smear the Cabinet. Last week...
...Bank of Taiwan (Formosa), with deposits of 243,000,000 yen in 1932, is high in the second rank of Japan's potent empire firms. Founded in 1899, it got into trouble in 1927, saved itself with government aid and took over Imperial Rayon Co., the soundest asset of an insolvent debtor. This year the Government, investigating its affairs, indicted its Governor, Imperial Rayon's president and eight other officers on charges of having sold Imperial Rayon stock to themselves and friends below the market price. The trail of corruption wound into the Ministry of Finance...
...reprinted it. Millions shuddered as they read. Deputies in the Diet shouted that Nakajima who had condoned treachery to the throne was a traitor too. Peers pointed their fingers. Lost in the hubbub were murmurs that Minister Nakajima had been distributing stock in the semi-official Bank of Taiwan below market price. In vain the flustered baron protested that ten years had changed his ideas. Though War Minister Hayashi pooh-poohed the article as "such a small thing," Baron Nakajima had to resign from the Cabinet...