January 28, 1942

No bombs today.

All Manila is talking about last night’s bombing. Some think the reinforcements have arrived in Corregidor. Others claim it was just a nuisance raid. A friend of mine said he hears somebody say that the USAFFE is now in Pampanga. Some of the boys in the office celebrated.

I prefer to keep quiet and to reserve my own opinions. One cannot be too careful these days. Those who show that they are overjoyed may get into trouble. Discretion is the better part of valor.

Meeting of the directors of the Philippine National Bank held at Malacañan. Chairman Vargas presided. Present were: Alunan, Sison, Carmona, Vargas and myself.

The Yokohama Specie Bank will lend ₱5,000,000 to the Philippine National Bank at 2% interest. ₱4,000,000 will go to the P.N.B. and the remaining ₱1,000,000 will go to the Bank of the P.I. The Bank of Commerce has ₱500,000 of its own. These three banks will open.

It was decided that withdrawals would be limited to ₱500 per month. Withdrawals for industrial investments would have to be done by permits.

Discouraging reports in the provinces given by Gallego, de los Reyes, Santos and Cojuangco. Reign of terror in the provinces. Organized banditry. Acting Governor Ysip of Nueva Ecija killed. Relucio beheaded. Maeyama, Japanese pacification campaign leader, wounded in Caranglan. Same condition exists in Bulacan. Death stalks in every corner.

Lt. Takeda, through Mr. Noya, approved the payment of salaries of the personnel of the National Trading Company. Payday is a great day.

I wonder what’s afoot. Mr. Ishiwata has requested the office address of Tommy Confessor. He also wants to know Tommy’s home address. That’s right, where is Tommy? He has not shown up lately. He must be up to something.

I wonder if they’ll bomb Manila tomorrow. Hell. I’m always wondering about many things.

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