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The China Mail
Aid For Austria.
National-Socialism in Germany, despite the crudities and absur dities that have entered into
HERE, THERE
and
EVERYWHERE
Punching A Senator Senator Huey P. Long, to cele- brate the blacking of whose eye in a Long Island club a gold medal bas been struck and deposited with the American Numismatical Society, i one of the most bizarre Agures in American politica.
The
SATURDAY, OCTOBER 21, 1933...
ROOSEVELT'S POLICY FROM NEW ANGLE
ILL-MANAGED CURRENCY A ROOT TROUBLE?
PRODUCE SUPPLY TOO GREAT
(By Captain Oliver Lyttelton.)
This is not the first time that someone has been moved to punch Whether stupidities, na Sir Ar- remain or revives, whether the him in the face. The last time was thur Michael Samuel claima in] pound—to use his phraseology—is when he was Governor of Louisiana. article on America, may be clarified cut to 10s or remains at £1. He then used an uncomplimentary into sanities by Its perusal appears On the contrary, confidence expression to a reporter, who thus upen to doubt.
the English pound is to be ascribed expressed his resentment.
The burden of Sir Arthur's argu-partly to the stability of our people Governor's bodyguard, it was alleg-ments seems to be, "hands off the and our national Institutions, and ed, held the reporter while his Ex-|measuring-rod,” and we are told partly-and probably more-to the cellency retaliated. Apologies were that "juggling with the measuring-fact that our divorce from gold, afterwards exchanged.
rod of effort called Money is mere-our roflation, the sneered-at redun- Some years ago Mr. Long's op-y a system of self-deception."
dance of credit In this country, have ponents tried to impeach him. One might have supposed that made it possible to adjust the na- 19 counts. including measuring-rods should be inviolable, tional finances, and have given somo misuse of State funds. bribery, ille->ccause they always measure the hope that our industries may escape gal use of the Militia, and intimi- the length, or depth, or weight bankruptcy. dation of witnesses. The impeach-But the money measuring-rod ap-| It would, indeed, seem inoppor- mant was withdrawn.
pears to be constructed on the inzy tune to acoff at the polley by which song principle.
the President is seeking to lift his
There were
* *
A Story From Berlin The following story has reached London from Berlin-the reconteur vouching for its truth:
per.
In 1928 one measuring rod of £1)poverty-amidst abundance crisis in- ut off, say, 2cwt of wheat, 231b of to which it is plunged.
It is logical to say that money or rubber, 221b of cotton, 36 lb of cop-
the means of exchange must remain To-day, even after the recent rise unmanaged, when we can see at the prices, the rod cuts of 3cwt of same time, and often in the samo eat, 62lb of rubber, 44lb of cot-places, 30,000,000 people maintained barely above starvation by the ton, 66lb of copper.
State, and a stock of their necessi- ties, which they are anxious to con- jsume, rotting in warehouses because. our organisation is unable to find the means to marry this great sup- nly with this voracious demand ?
Too Great Abundance When it is also remembered that
A beggar in the Unter den Lin- den stuck a notice in his battered old derby hat, "I take no money from Jews." He got any amount from Christians and others, but to-
Short Cut To Ruin |wards nightfall a frightened little It seems, therefore, wrong to Jew crept up to him and asked, imagine that the beauty of measur sotto voce, "Won't you take a marking rods is that they measure off from me?"
the same lengths ог depths or "In," said the beggar, "of course weights. I will. I'm a Jew myself.”
Facts You Did Not Know.
A large part of Arthura argu- ment is devoted to "logical scoffing" about making $2 into $4. "waving a that stock has been produced at magician's wand so that $1 is made prices which have helped to rula into 50c" (by reducing its gold producers, and consequently to swell the numbers of unemployed, is not content).
But there is no logical scoffing the conclusion that one of our root at the system which has mado troubles lies in ill-managed currency four dollars worth of cotton in or means of exchange incluctable?
The problem of the twentieth 1928 worth two dollars' worth of
century in the problem of abun, cotton to-day.
dance; it differa wholly from that cut to pros "There is no short
| Hong Kong, Saturday. October 21, 1938ļite appeal, is hardly explic.
able apart from the economic In front of a new electric fan is conditions on which it has a reservoir of water that is agitat- | brooded. They have provided fted by a rubber belt so that the fan! ¡with effective weapons of agitation sends out a fine spray to humidify Since the recent and intimate and with a favourable arena in the air in a room.
between Signor which to use them. The very ex- conversations Mnesolini and Dr. Dollfuss there) erases of this agitation have been i A Dutch oil tank ship is equipped perity," he says, "by calling two has been much speculation on the a warning to Europe. The imme-with an armoured turret that serves four" but he omits to mention that stepe likely to be taken by Italy d'ate problem exercising European las quarters for officers and crew to there is a short cut to ruin by call- and other interested Powers to statesmen is to find
for protect them to case of fire or ex-ing four two. strengthen the position of Austria. similar conditions in Austria, and plosion in its cargo. Reports, improbable on the face of indeed ip? other countries as well.
agreements on a detailed
cure
*
•
#
體
$
for table use
aro #pruce,
of the nineteenth, where the pro-
the consump
blem was still one of scarcity. Our ultimate problem is to ex change unemployment for lelours; It may also be asked whether it our immediate problem is to marry was not some waving of the magi- our production with them, that at Riccione the two before they produce similar results, Closely resembling the cloth cien's wand that originally fixed the tion which is there ready for it, if statesmen had reached definite and to ease by 'economic adjust-articles, doilies
gold content of the dollar. Or bas it is given the means to consume.
Surely it is not "Looking Glass" scheme meats the political tensions which, being made from Alaska
this content now been so sanctified
to adjust this were promptly contradicted in If they have not been created, have the wood being thin and flexible that it may never be altered, even economics to try
if eircumstances have changed and If the President falls, it will be a situation Immediately by reflation? Rome. What, however, is certain at any rate been greatly intensifi- enough to be used for typewriting.
men suffer from adherence to it? as the result of the Riccione con-ed by economic strains. The neces
great disaster and not a cause for Another question is asked: versations and of the discussions sity for this has long
cynical satisfaction. which have followed them in that cognized. M. Briand's scheme for hus set herself to work to grow the United States of Europe was at her own food. Since 1919 she has everybody
recognizes HOW necrosity of prompt measures to bottom an
attempt to promote more than doubled ber production assure the economic future of Aus- economic co-operation not only for of wheat, rye, and maize, trebled There is some definite pros-the sake of economic benefits, but her production of barley, quadru- trí.
set as a solvent for political animosi pled her production of potatoes pect at last of statemanship ting itself to repair so far as pos- ties. It failed to secure general and of milk, and increased her sible the economic mischief which support; and M. Tardieu's plan for production of sugar-bect thirteen was done when the old Dual Mon-an economic
ponent parts, each of which
ILa
beep
re-
federation of the times. She
ΚΑΠΠΟΣ
sacrifice her
"Will the U.S. farmer and, miner, whose plight is Mr. Roose volt's first anxiety, be better off if they receive higher dollar prices for everything they sell, when at the same time they have
ARMISTICE DAY CEREMONY.
to pay higher dollar prices for Special Accommodations everything they buy?"
British Finance
For Ex-Servicemen.
for those
LOCAL ESTATES.
Executor's Insanity
$22,900 WILL
archy was broken up into its com- Danubian States, put forward near-farms nor enn Hungary abandon The same may be asked about all Special: accommodation for view. hasly eighteen months ago, met with her factories. The means of pro-other Industries. Excluding ques-ing the Armistice ceremony at the since striven to make itself econo- no greater success. But sooner Stable exchange cannot therefore tions as to whether wholesale prices Cenotaph on November 11 is being to re-arranged for local Ex-service-men mically independent of its neigh-rather than later there must be be immediately and abundantly can rise disproportionately bours and to shut out their pro- constructive action if the States of forthcoming. Similar difficulties tail prices, the answer is that indus- and relatives of those who took part ducts
on borrowing from markets. This | Central Europe are to be enabled | stond in the way of useful
on in the Great War. ar-try is financed enger pursuit of the policy of to live. In an age of mass pro-rangements with other neighbour-shareholders' proprietary money. A The space on the ground floor of
price through the Law Courts under the North. economic nationalism has changed duction and world markets smalling countries.
The delays of readjustment of almost out of recognition the economic units cannot hope to be fifteen years have not made it an alteration in the purchasing power verandah and including the pave- economic structure of the coun- self-sufficient. For the moment, caster took to lower the barriers of money will bring back the value ment, will be reserved
are ineligible to view the tries into which the Austro-Huu- however, there is no question of re- which now obstruct the trade and of debts incurred by industry to whe garian Empire has been divided. viving the Danubian plan. To restrict the economic development wards the real value at which they Ceremony from the Hong Kong
Club. Inevitably it has been the Austrian promote the closet economic Co of Central Europe. But the evile stood when they were incurred.
The farmer in the U.S.A. 'is Admission will be by ticket. State which has suffered most operation between all the Succes- of which they are the cause are heavily mortgaged, and growing his Accommodation Is Smited to 300, severely by the loss of what were slon Siates and between them and now generally recognized and crops at a loss, and will surely bene; and applications for tickets should formerly the markets upon which their neighbours is the ultimate willing co-operation between the nt if his mortgage is reduced in be made to the Staff Captain, her extensive industrial develop goal. But the immediate task is Powers may open many doors that terms of money and the prices of China Command, by November 3. ment had been bullt, At the same to find a remedy for Austrian dis have hitherto appeared to be lock- his produce rise, even if he should 1933. Members of the Services and time the agricultural industries of tresses, not merely for the sake of ed. The favourable reception have to pay more for "secondaries." the Police should apply through the other Succession States have protecting Austrie' against "the which France has given to Signor Again, to quote the article: "The their Commanding Officers. for their part lost the market forcible deprivation of her liber-Mussolini's, initiative is of the best purchasing power of the U.S.A., which they had been accustomed ties, but because there is a larger augury. 'That France, and Italy and, indeed, of the world, arises to find in the manufacturing dis- task to be, undertaken which is should recognize and pursue a from the produce of the fields and |tricts of Austria and have been already long overdue. ́ ́As a first common interest in the appease- mines.", "No doubt this is true only partially compensated by the step bilateral arrangements are ment, of Impolitie rivalries in that in a world of barier, but, unfortu- artificially stimulated growth of suggested between'. Austria and her part of the Continent, and in a new nately, to-day purchasing power in the industries founded within their neighbours to facilitate the flow of endeavour to overcome the prac practice not only arises from, the own borders to supply the goods Austrian exports. If facilities can tical obstacles on which earlier produce of the fields and mines, but hitherto purchased from Vienna or be given for an outlet to the Medi-plans have been wrecked is ob also from the number of tokens other Austrian manufacturing | terranean through Trieste or viously of high importance. It is which are in circulation as repre centres. None of these units fa Fiume so much the better. Partl-work for the natural” stabilization senting, that produce. big enough to be' sufficient unto it-cular attention is, being paid to of Europe along the only lines Perhaps Bir Arthur is here soof; late of 28 Gough Street, who died self, but in the attempt at self-the possibility of arranging for which can promise genuine, founds-fing at the President for not return on October 31, 1928, at the Young sumciency the former channels of closer trading relations between tions for peace. It cannot be ac-ing to a system' of barter, and he Wo Nursing Home, Happy Valley, trade have been blocked and the Austria and Hungary, which could complished without the good will wishes to wipe out all debris and to left local estate valued at $22,000. economic strength of the whole later, be extended to other Danu- and mutual confidence of the abolish all exchange of goods except A petition by Mul Nal-woot, system has been undermined. The bian States. There is no doubt greater Powers in the full spirit of by barter, effects have extended far beyond that a useful exchange of goods the Four-Power, Fact. Too much the borders of the old Dual Mon- can be developed between there time would be, lost and too many archy and have been by no means two countries, though it would be political controversies ́ ́ éxcited by exclusively economic. The general vain to hope to restore, anything attempts at more grandiose lowering of the standard, of life, like the old activity. Slice the schemes. The occasion calls urs | the drying up of outlets for work War, they have ceased to be com- gently for remedies, partial it may and energy, the restriction of the plementary countries in the full be, but immediately applicable; 1929, during Sir Arthur's offon, Chu Duey-ching, alias Chậu Shiu prospecta pran to the rising sense of the days before the War. and it is hoped that practical men when a pound could be exchanged at Yoo, late of Chip Kes 11 Mott the misery- and * hope Hungary has intensively develop sures on these lines will result in the rate of 8ka 1134d to one ounce Street, New York, U.S.f., Jart local
economie ed her manufacturing Industries, growing number from the move- gold, or is it greater! now when It estate aworn, under : £8,000,000
while for her part Austyld, Andļng rent set on foot by the, intiinate is exchanged, at the rate of 1580? Letters of administration) to the discontent and hat her neirbbouri were no longer exchange of views: between si Dr. It would not appear that this con- above eilate have been granted to
- har manofsetures, Dollfuse and Signor Kussolini. fidence, of which we are all proud, Chiu Mak-shi, widow
GRANT OF NEW LETTERS OF ADMINISTRATION..
Mul Ylu-pik, retired merchant,
merchant, for an order of revoca- ·
He further and justly-poluta tion of the original grant of letters with⠀⠀ pride... to 1 the confidence of administration "dated. March 28, - which the world has In British 1981, and for new letters of admin-
do with the gold content of the Sul, alias Wong Kwai cheung, should finance; but has this anything to istration to be fasued until Wong
pound sterling? again become of sound mind, has Was that confidance: greater in been granted.