BEDFORD
MADE IN
„ENCLAND
The British-
TRUCK
THE HONG KONG HOTEL GARAGE.
The Hong Kong & Shangha Hotels, Ltd..
Incorporated in Hong Kong. tubba Road.
Economical 27-h.p. 6-cylinder engine
reducing vibra. tion, reducing engine-wear, reduc- ing time-off-the- road, reducing ex-
penses.
Happy Valley.
ROOSEVELT
DISSENSION
RUMOURED IN
WASHINGTON
Roosevelt Advisers May Resign.
TREND TO INFLATION
New York. To-day.
The first break in President Roosevelt's Cabinet, which is re- garded as the eclipse of the sound] money bloc, has initiated a crop of
The dollar, on demand, cloned
to-day at 1/4 7-8,
FINAL EDITION 90
China Mail
Est. 1845.
No. 28,575
THE OLDEST - ESTABLISHED NE ISPAPER IN THE FAR EAST
Bat 1845.
HONG KONG, THURSDAY, NOVEMBER 16, 1933. PRICE $3.00 Per Month.
"DICTATORSHIP"
20 KILLED BY COLD SNAP IN AMERICA
41 Inches Of Snow Falls In Western Pennsylvania
New York, To-day. Twenty people are dead as the cold snap result of the bitterly which IR being experienced throughout the United States.
Western Pennsylvania han ex- perienced une of the heaviest
in history, 41 snowfalls being recorded.--Reuter.
reports of dissension in the ranks LONDON
of the United States Government, including the rumoured resignations
of Professor Sprague, one of the President's advisers, and Mr. Eugen Black, Governor of the Federal Reserve.
inches
RATHER THAN GENEVA
Individual Talks On Disarmament.
RESIGNING
The retirements of the Secre- RUMOURS OF SIR JOHN SIMON tary of the Treasury. Mr. William
and H. Woodin,
the Under- Secretary of the Treasury, Mr. Dean Acheson, have created bul Hittle interest on Wall Street, al though Mr. Woodin's withdrawal is considered to be facilitating a
more
London, To-day.
two Cabinet held The meetings yesterday, and re viewed the Disarmament situation.
is inl cam- vigorous currency
While the Government
with the French. paign by the inflationists who, the touch lately, are becoming more vocal. Italian, United States and, it is the German Govern- Washington reports state that believed,
with a view to finding Mr. Henry Morgenthau has pro-ments, claimed his unwavering support means of bringing back Germany of President Roosevelt's policy of to the Disarmament Conferener buying gold at home and abroad and the League of Nations, opin- in the hope of raising commodity ion in ministerial circles is be pricea.
lieved, at present to be turning from Geneva in the direction of preliminary talks between indi- vidual nations, especially Ger many and France.
According to the New York "Sun" Mr. Morgentha favours halving the dollar's gold content and is opposed to early stabilisation of the dollar. Reuter,
FRENCH REACTION. |
Mainly Concerned About Sterling.
4-1-
Paris. To-day.
In French circles, Mr. Woodin's exit is regarded as a success for the inflationists, who have garded him as a brake to their ambitions.
re-
London in mentioned as a pos- sible venue for the discussions.
of Rumours
current Cabinet differences in regard to Sir John Simon's handling of the Disarmamegi pro- blem are rife, but the report that Sir John Simon will re- sign is not regarded serious- ly in responsible quarters.— Reuter.
CONCESSIONS MAY BE MADE TO GERMANY
The French money market is
London, To-day. unaffected. and the present ac- A determination to prevent the tion of the British Exchange Disarmament situation from drift- Equalisation Fund is appreciated ing was evident at yesterday's Ca- as maintaining that stability of binet meeting. sterling which is of far greater t hnvortance to Paris than the through diplomatic channels, has given fresh assurance of her goodwill and authoritative British opinion is moving strongly in the
dollar. Reuter.
i believed that Germany,
HARMAN GAOLED direction of practical concessions
FOR FRAUD Chosen Corporation Charges.
TWO DIRECTORS FOUND NOT GUILTY
London, To-day.
The trial of Martin Coles Harman and the other directors of the Cho sen Corporation, charged with con. spiracy to defraud shareholders by means of transactions with Japan- ese subsidiary compantes, ended at Old Bailey yesterday
Harman was found guilty. by the jury on all twenty-one counts in the indictment and sentenced to eighteen months in the second division.
B. F. Conigrave 'was found guilty
of conspiracy, with a recommenda
tion to leniency, and was sentenced
to the German "view-point.
Intergovernmental conversations are to be continued with the im- mediate objective of gaining a rap- proachement of Franco-German opinion preliminary to agreement.
-
general
(Continued on Page 9.)
EXTENDED
WOODIN'S "LEAVE OF ABSENCE"
DEAN ACHESON RESIGNS
AS ASSISTANT
MORGENTHAU
APPOINTED TO
FURTHER MONETARY POLICY
SPECIAL TO CHINA MAIL
<By Telegraph, Copyright, Telegraphic Messages Ordinance, 1893.
Received November 16, 9.15 am.
WASHINGTON, TO-DAY,
THE UNITED STATES SECRETARY OF THE TREASURY, PRE- MR. H. WOODIN, IS TAKING LEAVE OF ABSENCE. SIDENT ROOSEVELT HAS APPOINTED MR. HENRY MOR- GENTHAU, JR., ONE OF HIS CLOSEST FINANCIAL ADVI- SORS. AS ACTING SECRETARY.
Mr. Woodin resigned owing to ill-health, but the President urged that he reconsider his resignation, Mr. Woodin Inter decid- ing to take leave of absence,
The White House has also announced that the Under- Secretary of the Treasury, Mr. Dean Acheson, has re- signed with effect from Saturday, when Mr. Morgenthau assumes office.
Mr. Woodin's resignation letter said: "I have been most happy to serve President Roosevelt. Every policy of yours has had and still has my devoted support. I have never doubted that you are the one man who can lead the country out of its difficulties."-United Press, per S. C. Gold Bar Co.
Roosevelt Satisfied With Gold Policy.
SPECIAL TO CHINA MALL.
white "Messages Ordinance, "189). Kr- (Telegraph, Copyright. Telegra ceived November 14, 10.15 a.m.)
Washington, To-day. The White House yesterday stated that President Roosevelt feels that his gold policy in sat- isfactory, and therefore is not contemplating a change in his - United Press, monetary plans. per S. C. Gold Bar Co.
Mr. Woodlin Woodin's Return Indicated.
SPECIAL TO CHINA MAIL (By Telegraph, Copyright, Telegra phic Messages Ordinance, 1891. Re- ceived November 16, 10.18 a.m.}
Washington, To-day.
No explanation is given for Mr. Dean Acheson's, resignation from the United States Trea-
ACHESON OPPOSED TO ROOSEVELT. Face-Saving Device
For Woodin?
Washington, To-day. The "leave of absence" granted to the United States Secretary of the Treasury, Mr. William H. Woodin, is regard- ed as a purely face-saving de- vice for President Roosevelt, who now becomes the real head of the Treasury.
His henchman, the well-known fin- ancier, Mr. Henry Morgenthau, is not expected to seriously oppose the President's finan- cial plans.
Official circles are of the opinion that the Under-Secre tary of the Treasury, Mr. Dean Acheson has resigned volun- tarily to make room for Mr. Morgenthau, but unofficially, his resignation is attributed to his opposition to President Roosevelt's currency policy.
Permanent Foreign Policy.
INTERNATIONALISM OR NATIONALISM IN US.
SPECIAL TO CHINA MAIL.
Telegraph.
Court
YOU BUY BETTER
AT
1
BERNARDS' OF HARWICH
Chater Road. -
GENTLEMEN'S OUTFITTERS.
TO US. TREASURY
and Mr. Tom Walls, the popular British film and stage actor racehorse owner, with the Hollywood film siar, Miss Anna May Wong, at the Lanark race meeting. (8. & G.).
NO NEWS OF MISSIONARY KIDNAPPED IN CHINA
Parliamentary Question On Rey Ferguson
60 CENTS SILVER
U.S. Mining Official's
Prediction.
BIG SHIPMENT OF METAL FROM MEXICO
London, To-day. In the House of Commons, yesterday, the Foreign Secretary, Mr. Sir John Simon, informed William Mabane, the National Liberal member for Huddersfield,ceived that be regretted that the Rev. Ferguson who was captured by in bandite ut Chengyangkuan,
1932, had not yet been re- May leased. The case had been kept
constantly before the Chinese au-
thorities, he
Sir John Simon mentioned that
Ruary a report stating that the Ferguson had been killed in Sep- tember, 1932, had been received. obtain but it was impossible to confirmation of this.-Revter.
"SPECIAL TO CHINA MAIL, (Dy Telegraph, Copyright. Telegra phie Messages Ordinance, 1894 Ra- November 18, 12.30 o.m.) - Denver City, To-day. The State Mining Com missioner, Mr. Joyce, on re- turning from Washington.
yesterday, predicted silver at 60 cents per ounce. ---- United Press, per S. C. Gold Bar Co.
1
Mexico City, To-day. Silver production has
been
TWO SHIPS. IN DANGER
BRITISH
FREIGHTER
ABANDONED
27 Men Face Death In Atlantic.
ANOTHER VESSEL DISABLED OFF IRISH COAST
London, To-day. Two British ships, the “Saxilby,” 3,630 tons, and the "St. Quentin,” 3,528 tons, were reported in difficulties in a heavy gale in the Atlantic, yesterday morning.
The "Saxilby" sent out a wireless message re- questing immediate as- sistance, and a later mes- sage stated that the crew were trying to launch the ship's boats.
Early in the afternoon,, a brief wireless message stated that the "Saxilby" had been abandoned.
Among the several vessels re- ported to be rushing to the ass tance of her crew, is the liner, "Berengaria".
The Saxilby's position was given as 500 miles west of Ire land. She was on her way from Newfoundland withan cargo of iron ore to Port Talbot. She car ries a crew of 27 and news re- garding them is eagerly await ed.
The "St, Quentin” was yes- terday evening reported by her owners to have sustain- ed damage to her steering 800 miles west of scar; Valentia, Ireland, while on her way to Montrol with a exigo of anthracite.
"SEADROMES" FOR greatly stimulated throughout She was then waiting for the
ATLANTIC Experiment Begun. $1,500,000 ALLOTTED FOR FIRST STATION
Washington, To-day.
Mr. Daniel C. Roper, United
One shipment
Mexico.
of weather to moderate before re- The 6,500,000 ounces left Vera Cruz pairs could be effected.
owners state that she is not in for New York, yesterday.
jany danger. British Wireless United Press, per S. C. Gold Bar Service.
Co.
RELEASING DEPOSITS IN CLOSED BANKS
SPECIAL TO CHINA MAIL..
States Secretary of Commerce, (By Telegraph, Copyright, Telegra- yesterday announced that the phis Messages Ordinanze, 1881. Public
Works Administration clived November 16, 12.30 am)
Washington, To-day, had allotted U.S.$1,500,000, to 500 miles build a "sendrome,”
The Chairman of the United from the Atlantic Coast, for ex-States Senate Foreign Relations perimental purposes. ›
Committee, Senator Key Pittman, Mr. Roper said that, If the ex-yesterday stated that he plans to
WM. VANDERBILT sury, but some observers feel phin Magraph, Copyright, Telegra.periment succeeded; Beadromes visit President Roosevelt shortly to
KILLED
Fatal Motor Accident.
MEMBER OF FAMOUS U. S.' MILLIONAIRE FAMILY
Ridgeland, 8. Carolina, To-day
Mr. William Vanderbilt, third of the name, was killed in a motor accident here, yester day.
His chauffeur was seriously in-
ly injured.
to six months in the second division, Jured and a man companion alighte
H. H Pounds, Chairman of the
were found not guilty-Reuter.
་
+
ROOSEVELT
AND LITVINOFF
ARE FRIENDLY
Distinct Progress. In Negotiations.
BUT RECOGNITION MAY BE DELAYED:
·SPECIAL TO CHINA MAIL, (By Talegraph, Copyright, Telepra
Messages, Ordinanas, 1894. Fig. Washington. To-day. President Roosevelt and M. Maxim Litvinoff conferred again yesterday, after which distinct progress on the question of United States re- cognition of the Soviet was authoritatively reported,
1,250 feet long would be placed urge the Government to take over coined November 16, 6,40 p.m.)
at intervals of 500 miles across the assets to pay depositors in the phic that it is perhaps partially duel
Muncie, Indiana, Yesterday, to his lack of financial expori- Speaking at the Convention of the Atlantic towards Europe, national banks which are still closed ceived November 10, 10,16 a.m.).
| Livestock Growers, here, yesterday, The total cost was estimated despite the Reconstruction Finance
Corporation's aid. ence.
the United States Secretary of at $80,000,000,
He said that the releasing of the It is indicated that when Mr- Agriculture, Mr. Henry C. Wallace, William H. Woodin returna, Mr. said that the final solution to Henry Morgenthau will take Mr. America's economic ille must come company or private individual at recovery. United Press, per 8. C.
Reuter. Gold Bar Co. equal schedule rates. Acheson's place. United Press, through the adoption of a permin
ent foreign policy, per B. C. Gold Bar Co.
Accelerating Monetary Policy
In a cable from commodity brokers
Corporation, and E. G. Changest The car was travelling at a highto New York, Mesars, Harris and speed and crashed into a station-Vose, the local office of Metera. "Asia ary: lorry, Bir. Vanderbilt was flung Lands, Ltd., are informed as fol- out, into the road.—Reuter,- "
WEATHER REPORT
Fine, with fresh north-easterly winds, in the forecant issued to day by the Royal Observatory.
[lows in
He said that if internationalism
Landing facilities would be available to any commercial deposits would powerfully stimulate
was adopted, the United State: Hitler Negotiates With
must accept great imports without regard for persons hurt thereby.
If nationalism was adopted, they must retire 50,000,000 acres from production-United Presa per 8.C. Gold Bar Co
SWEDEN WITHDRAWS FROM TARIFF TRUCE:
Frederick' William Vanderbilt, more "To-day's changes in the Treasury, generally known as William-Vander, pa gen versa
it, was the third in the direct line Department should accelerate the from the millionaire founder of the Government's monetary policy de- decided family fortune, his father being W, HL
signed to advance commodition, Vanderbilt
Poland For An Agreement
Berlin, To-day, that the conversations have es
As a result of the Conversa-tablished a full agreement by tions between Chancellor Hitler, both Governments to take up in the presence of Baron von direct negotiations on all Ger Neurath, and the new Polish man-Polish problems. Minister, Harr Joseph Lipak, an In order to consolidate
It is indicated that M. Litvinoff might be invited to Warm Springs, to-morrow, if neces sary. United Press, per S. C. Gold Bar Co};
FAVOURABLE ATMOSPHERE
Washington, Tö-day. The two conversations between the the special Soviet envoy, M.
Helsingfors, To-day. an agreement has been reached peace of Europe they will re Maxim Litvinoff and President The Government of Sweden has bearing importantly on European nounce the use of force in ad-Roosevelt, yesterday, have created
Juating mutual relations. - Reu- a more favourable atmosphere. withdraw from the peace,
(Continued on Page 9.) world truce Beuter,
A
An official statement declares iter: