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HERE THERE
and-
EVERYWHERE
Canada's Scots
Canada's long list of great Scots- men is recalled By the projected sale
MONDAY, AUGUST 21, 1933.
DOUBTS AND
S AND FEARS IN WALL STREET
AMERICA'S MASSES STILL
TRUST ROOSEVELT
of the varied art collections left by SILENCE ON DOLLAR
Lady Mount Stephen, whose hus- band as William Stephen went from Banffshire in 1850 and became`chief of the Canadian Pacific Railway.
In 1919 the gallery of pictures formed by Sir George Drummond, another Scottish pioneer, fetched
STABILITY
(By Thomas F. Woodlock, Editor Of The "Wall Street Journal")
New York, July 24, sion. They have even accused it £150,000 at Christie's; and in 1927 There is no indication that the on occasion precipitating the de- the romance of collecting was illus-precipitate decline in Wall Street pression. trated when Lord Mount Stephen's stocks is being regarded by res It is difficult to see how the former associate, James Ross, who ponsible people as anything more American situation can be other had been, a careful engine-driver in than the result of an exaggerated than essentially speculative, with Aberdeen, left an array of 29 works speculative position.
the uncertainties that continue in capable of amassing nearly £140,000
It is not symbolic of a breakdown respect to the dollar. at auction.
in the recovery programme.
Either these or the conjectural The President's plan, pushed for effects of the recovery programmé
-
His little Turner picture of Venice, which he had bought in the ward without interruption, gives its would alone be sufficient to veil the 1899 sale of the collection of the approval to a "blanket" code for all future. famous engineer, Sir John Fowler, industry. for 8,200 gns, then 29,000grs.
rose
to
*
A Bodleian Windfall
Immediately preceding promulgs- This week will see the inauguration of the "blanket" code warnings tion of a national propaganda camp against production in excess of con- jaigh, reminiscent of Liberty Loan sumption were sounded from Wash- drives, to assure the voluntary acington, while the dangers of a price Under the will of the late Mr. ceptance of this code by industry level above parchasing power were Kenneth Grahame, of "Golden Age" and commerce.
pointed out by the Administration The purpose of the code is to officials: fame, Oxford University benefits to
shorten the hours of industrial! the extent of £25,000.
Price increases thus far have This sum has been allotted to the labour to 35 hours weekly and of largely been in the wholesale trade, |Bodleian extension scheme...
"white collar" workers to 40 hours, but they will be apparent in the re- Kenneth Grahame's name is to be with minimum weekly wages of 14 tail field in a few weeks. placed on the tablet of benefactors to and 15 dollars respectively.
This has given alarm to those ad- the Bodleian Library. On this. It is designed as an expedient to ministering the National Industrial itablet the names of Archbishop the end of the year or until such Recovery Act, who fear that gooda Laud and Oliver Cromwell are side time as more complete codes bave will not move into consumers' hands been adopted by individual indus- unless. purchasing power is expand by side.
Your Daily Smile
JUST A HINT. is unsurpassed, states that "it]
DINNER: I see that tips are for- was common on the Clyde before the war for boiler-makers to bidden hidden here.
WAITER: Lor bleas yer, mum earn £8 in a week, and steel Hong Kong, Monday, August 21, 1833. smelters as much as £10, but to so was the apples in the Garden of
give their wives only a fixed 16/ Eden."
War On Slums.
of
#
The
*
* a week to maintain the house-
TOO TRUE. hold." In not many cases was
Customs officer looked that big difference banked. No- thing was more conspicuous suspiciously at the bottle. The Prince of Wales has during the war than the way in "It's only disinfectant," said the placed himself, by virtue
which every penny of immensely returning traveller. several recent utterances, and by increased wages
"Oh, is it." chuckled the officer, thrown was his initiative in erecting model flats on his own land at Ken-way in thousands of house- and he drank a good mouthful.
holds. So much for the notion It was! nington, at the head of the that if only everyone is given movement to solve the slum pro- more money, all will be well. Iblem.
One of his recent ad-The moral applies not only to dresses on that subject was made
but money, to an international gathering,ditions in housing or in anything sitting in London, of building so-else. A shiftless class exists in ciéties. In such a conference
jevery community, and cannot be the Prince found himself preach bribed, though, perhaps, it may ing to the converted, for no re-be trained, into prudence. putable building society has any interest in the slum save that of disapproval.
Indeed, the whole
nation, to whose ears the Prince
also
bo con-
Hitler's New Tasks.
* PERVERTED PROVERBS. An unwelcome guest is one of the
best things going.
All that litters is not bold. The hen that sits on a china egg
is better off.
A rolling stone is no good to a
geology student. Everybody shoves a fat man.
*
SHAME!
A woman car bandit has made
is always able to make such It was evident from the out- her appearance. I wonder if she direct appeal, is already convert-set of the Hitlerite revolution in realises that she may be doing ed. The old, callous indifference Germany that the party had dan-married man out of a job? of the early industrial age has gerous internal difficulties gone, and public opinion is eager overcome. One of them is the
to
FARTHER THE BETTER.
for reform. A lead is needed, rooted propensity for brutal "My first husband always said and a lead has been given. Less violence, so long deliberately en-was far and away the best wife in than four months ago the British couraged among the Nazi mili-the world."
Ministry of Health issued a cir-tants, and now an established "He was right—far and away!"
cular dealing in the most definitejevil that cannot easily be rooted terms with the abolition of out. Another, less prominent
*
NO ESCAPE,
Facts You Did Not
Know.
I
tries.
led. The decline in stocka has no ap-
Public expressions of these appre- parent relationship to the success or hensions had been frequent in failure of the Administration's Washington, but were reiterated broader plans.
last week, Official word is still lacking on the Since March the stock and com- point at which the dollar may be modity markets had been experienc stabilised, and while a crisis in the ing tremendous
rises, featured recovery effort is probably inevit-latterly by sensational advances in able, there is no coherent opposition the alcohol stock. - to its progress or to its sims, one of the chief of which is the realisation Among Worst Falls In History jof the 1925 to 1926 price level Conservative observers had be- The recovery programme has as come alarmed at the pyramíding of yet hardly advanced to the point the speculative structure: where the time of its test can be
ad- Margin requirements were predicted..
vanced, and the public was otherwise However, it is indicated that cautioned. Washington believes that this will The various official and unofficial come in the autumn, and, as pre-warnings finally penetrated the viously suggested, on the question of speculative structure, and both whether consumers will be willing grains and stocks tumbled. and able to puchase the goods re- The decline in stocks on a per- cently manufactured at such a high centage basis was one of the most rate,
severe in the history of the market.
L
?
It is obvious that the administra- being more than 18 per cent. In tion's hopes are that the industrial three days. (codes will provide for this situation Governors of the Chicago Grain through the raising of wages and Exchange quickly banned all but increasing employment through cash transactions, and when 'that ahortening the hours of work. market opened to-day it was under Toward that end of expending the regulations of the Department of formulation of such codes no official Agriculture, which were announced effort will be spared.
aver the week-and.
(Continued on Page 10)..
While it is officially reported that
the re-action to the "banket" code favourable, many business men
are beginning to wonder when thought is to be given to the matter. of ludustrial profits,
The "blanket" code specifically į forbids the raising of prices for the 'purpose of increasing profits, which are still non-existent in many
cases.
1.
TRACES OF LOST- RACE FOUND.
Beardless Blondes.”
Madrid
The discovery of a cave
COM-
a lost race of "beardless blondes" is reported from San Miguel, South of Teneriffe.
The mummies are in a good state'
The scheme, which is in the sight of the outside world, "The atmosphere in certala States THE KWONG KWUI CO., LTD.ion-wide, commits the carry is brought into the limelight by of India, is so clear," says a travel-
ing out of the work to the local the announcement from theller, "that objects can be seen Apparently the expectation is that taining 70 mummies believed to be
miles away." authorities. These latter are to Ministry of Trade. The Ministry distinctly several be furnished with loans at very has begun the delicate task of Escaping bookmakers in those parts they will result automatically from of low rates of interest, and the clearing out from the boards of must have a pretty thin time of it. an increase in the volume of con
sumption. Ministry of Health expects that public companies those Hitlerite
Comments that America has em- they will lodge with it their com-directors who have been forced
barked upon a programme of State pleted programmes and estim-upon them by local terrorist pres-
Socialism are more frequent ates by the end of September, sure, or who have simply foisted
It is a curious situation that the beginning of the English win-themselves upon the directorates
Chile is planning to require that programme, if undisguised, would ter. Thereafter, should at once by means of alleged official begin a process which the official party instructions.” It is even 95 per cent of the personnel of certainly not command itself to the circular declares should result in admitted that some of these per- foreign enterprises must be citi- country, and yet President Hoose the clearing of all condemned sons have secured for themselves sens of that country, technical emelt, unquestionably continues to areas not later than 1938. Truly excessively high expense allow ployes excepted, instead of 85 per have the fullest confidence of the
[people, a great plan- great both in con-ances and shares of profits. The cent as at present, * ception and in practical scope. facts are not surprising, for not
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President Roosevelt is immensely
Aid From Wall Street Leaders who might be expected to take issue with him on the basis of
of preservation. Animal skins, im- plements and what appear to be clothes used by the inhabitants of the Canary Islands have also been
found.
The primitive Canary Islanders,
(appeared, are known as Guanches. race which is said to have dis- Perhaps an explanation is afford-They were practically exterminat
querors of the Islanda.... No wonder it has the support of a little of the Nazi appeal for To enable repairs to be made to ed in the American penchant for ed in the 15th century by the con- These islanders were described. the one man in Britain who can supporters used to rest upon the gas mains at any point a New York Personalising issue.
collapsible
as "beardless men whose blonde do more than anyone else to keep suggestion that, the party once man has invented a
hair reached down to their waists.” it before the eyes and minds of in, the saddle, its members would disk that can be inserted in a hole popular and thoroughly trusted.
-Renter. the people, and who speaks with be enabled to do pretty much as in a main and expanded by turning
a crank to form a stopper. a knowledge gained by personal they like. But Herr Hitler in visits to many humble homes, power has necessarily to explode One thing that should always be many of the illusions fostered by The five large wool exporting broad theory are, in the main, men
countries, Australis, New Zealand, " kept in mind is that this is not Herr Hitler the whirlwind dem South Africa, Argentina and Ury,ho might be associated In some entirely a paper problem. Be gogue. He and his saner coun--
way with "Wall Street" hind all the facts and figures cillors are anxiously aware that guay, have had an average annual; Wall Street as a symbol of Ameri- which seem so theoretically sound the success of their regime de sons of more than 2,000,000,000 legated in the public's mind by this production during the last five secan financial integrity has been re- there exist certain traits of hu-penda ultimately on the bringing bounds. man nature one of them, for about of economic recovery. In example, that highly pertinent other directions they are making, "slum mind” already mentioned, at any rate, a beginning. The re- All those who have had contact cent warnings to Storm Troops ment to put an end to those enemies to the public at large. with actual conditions in closely and others that terrorism must horrors of unofficial persecution Consequently there is the against child malnutrition began populated places are aware that a cease have been wrapped up in which have stained the name of spectacle of the ablest financial and recently when 6,000 State School class exists, by no means numeri suggestions that blameless Naris Germany, It will be harder than business brains being for the children drank half a pint of free cally negligible, which, of its had been incited to deeds of atro the clearing of the rats out of moment disfranchised, as far as fresh milk
2
personalising predilection into a group of speculators, or high financiers, who are conjured as
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Melbourne Promotes Good Health..
Melbourne, Victoria. Melbourne's milk insurance
own choice, seeks always the city by Communist agents pro- the business edifice; for the au- their influence on public thought or Originated by the Metropoll- poorest neighbourhood in order vocateurs. The pill has been fur-thors of those inhumanities governmental policies is concerned. tan Milk Council, the distribu to preserve for purely ephemeral ther gilded by declarations that belong to the corps who are hail Some sections active in political tion is the first of its kind any- pleasures the largest possible the enemies of the regime are to ed, with reason, as the makers life have not been slow to capitalise where. proportion of its not inconsider be pursued with official measures of the revolution. But they will this feeling, by utilising every or Each morning at recess time able earnings. A book just pub even more merciless than before, have to be disciplined, if the portunity to attack the money cup of milk or hot milk coc lished by the Rev. J. C. Fringe But there is no doubt about the Hitlerite regime is ever to hold power" and to dwell at length on its waiting for every Metrop whose experience in social work anzious desire olikhet Govern up its head in the civilised world, alleged failure to stop the depres- State School child.--Beut