Word: kung
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Dates: during 1930-1939
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Green at his job of Finance Minister is plump, owlish Dr. H. H. Kung. Last week he buckled to the task of trying to balance China's budget with a sternness remindful of his great ancestor, China's uncompromising sage Confucius...
With a squiggle of his pen Dr. Kung upped China's cigaret taxes by a staggering 50%. Twelve Shanghai cigaret factories instantly closed in protest, locked out 8,000 cigaret makers who shrilly cursed Dr. Kung...
...Soongs can make much of this man." Though he was a Buddhist with concubines and the Soongs are Christians, she approved when Chiang put aside his concubines and married Youngest Sister Mei-ling ("Beautiful"). Meanwhile "Pleasant" herself had married the 75th lineal descendant of Confucius, Dr. H. H. Kung. Her little Brother Tse-wen ("Scholarly Son") became Finance Minister and was to be known favorably in every chancellery in the world as T. V. Soong. Thus the tentacles of a single family linked China's late, sainted First President and her living Conqueror, and her greatest Finance Minister...
Month ago Generalissimo Chiang and Brother-in-law T. V. quarreled (TIME, Nov. 6) with the result that Mr. Soong resigned as Finance Minister. He was replaced by the Generalissimo's other Brother-in-law, Dr. Kung. But in Chinese finance there is no such thing as replacing T. V. Soong. Dr. Kung is amiable and highly esteemed, less clever than his wife "Pleasant." Mr. Soong is the only man who ever balanced China's budget (TIME, Jan. 2), the only Chinese Finance Minister who ever held his country's extravagant militarists in check. Unfortunately Soong...
...Nanking stogie-puffing Finance Minister Kung announced no budget plans, admitting that China's Treasury is now plunging $10,000,000 further into the red every month. With China's biggest bankers in a towering rage and with Chinese soldiers always for hire cheap, scores of government officials decided that some sort of coup against Generalissimo Chiang might be attempted, hastily quit their offices and hid at home...