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THE CHINA MAIE.
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The Royal Scot For Russia?·
An unofficial, but highly sponsor- ed proposal was made recently that the Royal Scot train. fresh from her American travels, should be sent on a similar tour to Russia.
The project is not likely to be carried out.
SATURDAY, MAY 26, 1934,
THE DAY GOES WELL
FOR ROOSEVELT
TIME STILL THE GREAT
UNCERTAIN FACTOR.
PROGRESS OF INDUSTRY
(By Leonard J. Reid.)
favour may soon turn against the
For one thing the gauge on Rus-
London. sian railways is. several inches TN summarising my first-hand President. wider than that on our railways.
This trouble did not arise in of the American situation,, I have impressions of the background America, where the running gauge laid emphasis upon three main is the same, although the loading points. gauge is different.
First, the extent of the actual This means that our trains can recovery from the bottom
of the
The news of the past few weeks suggests that the threats to the President's popularity and power, which seem to be developing, have been triumphantly averted. He has ridden off, without ap- Fun on American lines, but that
depression.
parent loss of prestige, from American trains
tne cannot run on Secondly, the problem whether tilt with the national hero, Col: ours: or can run, at least, no fur-private business and investment Linnbergh, over the air-mail con ther than the frat bridge or tunnel, can revive quickly enough to take tract problem. He looks like turn- which would prove too low for over the tremendous burden tem-Ing to his own advantage the re- porarily shouldered by the Federal buff given to him by the Senate on Government.
the question of the veterans' The third point-and it is far bonuses.
them.
*
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America's Richthofen William Thaw, who has died at away the most important of all-is Observe his tactles. Strong Pre- Pittsburgh at the age of 40, was the commanding prestige of the sidents of the past would have de the Richthofen of the American personal leadership of Franklin fled and fulminated against the Air Force.
Legislature. Franklin Roosevelt.....
Roosevelt.
and Rene Fonek, he became with may LTD.
*
able.
re
Bad Old Days Gone
Among his plans for the future are a nation-wide drive to remodel
repair.
He was living with his mother It is upon these three factors goes fishing, and prolongs his holi- in Paris when the war broke out, that one's mind must always be con-day! When he returns he will, with He was the first American to join centrated in reading the day-by-day his famous smile, ask the legisla the French Foreign Legion.
news from the United States. tora (about to depart to their con- Transferring to aviation, through Weighing up the news that has stituencies) from whom they pro- the help of his friends, Nungesser come through in recent weeks, one pose to extort the taxes necessary
Bay with some confidence: to pay the veterans. One may. Lufbery the chief hers of the "The day goca well for Roosevelt," guess that the President will win. American Lafayette Flying Corps. which is the same thing as saying: Thaw's 'plane was distinguished "The day goes well for America" by a huge "p" on the wings. Luf- It is true that some check to the bery's had a big swastika.
pace of industrial expansion was The China Mail the ratio changes too often and
Thaw, known to all Parisians as recorded last month. It is wholly and rejuvenate the homes of the too widely. The section of the "Major Bill,"
Was one of the explained by the fear of big indus- people. State credit apparently, is World Economic Congress that quietest and most modest Ameri- trini stoppages, particulary in the to be used by way of loans to enable Hong Kong. Saturday, May 26, 1934 particular bit of chaos was the
was set apart to deal with this can.
motor-car industry of Detroit. Pre-homes to be more habitable. and Although wounded, he fought all aident Roosevelt's intervention de- every instrument of the home is to
be modernised. only section that really got down through the war, Ifis nerves were layed this threat, but to-day's news
By his he kills two to business; and the New Deal cast-iron.
suggests that that discontent has by
very im The Silver Dollar.
in silver amounts to accepting]
no means been allayed. Apart from portant birds with one stone. He their suggested plan. to which Changes In The "Figaro" this, the news is generally favour-appeals to the tenement dweller and We should all naturally like to the other Governments chiefly
the housewife throughout the The "Figaro," that social Presi- concerned have already signified gister of French life, has pursued Bond financing has been triumph-all those numerous
States, and he simultaneously in- know exactly what use
Another stage in Government dent Roosevelt intends to make consent.The hope of an abso-a policy of ultranationalism under antly accomplished, and the extent played in house: reconstruction or sures the creation of a demand for of his new powers as a buyer of lutely stable ratio was frankly the proprietorship of M. Coty, the of recent industrial progress is ex-
materials em- silver. The unspoken comment and sensibly abandoned. Econo-scent magnate. of the market, which is compos-mists do not now believe that it
emplified, among other things, by: Thus it is clear that possibly The chief shareholder of ed of men who are buying and would even be beneficial. Credit "Figaro" is Mme, Lebaron, the the General Motors Corporation.orban ever, the President
the the spectacular results published by selling silver with their should be able to expand to deal former wife of M. Coty. When
It has been reported during the singularly eymical with all the possible mercantile she divorced him four years ng last few days that Mr. Roosevelt in
Symbolical of the national feel- The price of an ounce of silver transactions; and the proportion the court granted her half her hus-writing a book
ing is the proposal to erect a vast in New York being forty
entitled "On the hive of metallic reserve is merely a band's fortune.
Way." The title does not surpriso
monument, whose sculptures,will Icents, and the Treasury naving question of confidence, which There is now to be a complete me. The general tone of talk in
illustrate the triumph of the fween authorised to buy two thou- really depends on other things, change in the administration 01 Administrative quarters in Wash-
spirit of the American people, led sund million ounces so long as chiefly political. The problem of the paper.
by their greater leader, over the ington a few weeks ago the price is below hity cents, the making the adaptation of the
was not. Aulaire bonstful claims that the depression
forces of depression and the bad bears comic out on top, and the value of one metal to the other former French
Ambassador had been conghered,
old days of "Big Money" and gradual and free from artificial London, who has been responsible estimates that the country had boon
"Big Business."\" manipulation is much more man- for the foreign editorship, is replaced on the high road to recovery sentiment. A proposal in Great Clearly a good many specula agcable.
Such things appeal to American" tiring. The new administrative tors were gambling on an expec-
The United States. I heard it Britain to build a monument to Mr. Half the world, if we count and editorial board will be run by
·tation of E mandatory mimetar heads, uses silver; but the other a Big Five. It will be composed
said again and again in respon- Neville Chamberlain, revealing the sm, whether at the old ratio. 01 half-that-uses gold as a measure of M.-Andre Maurois, M. Paul
sible quarters in out of depres conquest of the National Govern nfteen to one or at some other. of value is the richer, and docs Morand, *the
sien, and is "On the Way" toment over the, follies of Socialiam Comte Vladimor The ratio would make very atuejmost of the international trade. D'Ormesson, M. Brisson, junior,
prosperity.
would do no more than provide the But there is one duerence after the first Lew If silver drops too far its owners and M. Lucien Romier.
vital question which concerns the outside world arial. But the erection of such quả”
cartoonists with devastating mate- days' flutter. A fixed legal ratiojare unable to buy as much as the The changes will imply a comwell as America, and it is this:
that all the disused gold-using people would like to plete reversal in policy. The new Will Mr. Roosevelt be content with monument in America might mean far."Figaro" will support a moderate the speed at which if the old meis very much indeed--as much almost.
phor may be modernised, the auto-which greets every American on as the colossal statue of Liberty, mobile of State is travelling along his horne-coming.
money,
18
price drops.
mar- such
The
Comte de St.
Your Daily Smile!
According to Einstein, if a man
this road?
but
rober
would mean silver mines which at present those countries such
sell them. If it rises too would not pay working costs that have large stocks they
as India Republicanism. could be brought into action, and would like to dispose of to buy the silver produced could be gold with could flood the used to purchase gold from the ket; and other countries, Bunks or the Treasury, or any as the United States, that have were to fire himself straight out produce of a gold-using country, large silver deposits at present inte apace he would return in a few among Mr. for to settle
outstanding deuta not payable,'-that is, not to be million years to his exact starting It exeris its influener In several jque in gold donars. As the U. sold at a price that will meet the point. In that case I won't bother ways. For instance, he must in- 5. A. are the world's biggest costs of working, would imme-to do.ft. creditor if the measurement beldiately flood the market with!
* *
*
*
* *
reigns supreme.
(Continued on Page 7)
Looking Ahead The time factor looms very large;
Roosevelt's problems. MYSTERIOUS FIRES
AT SHAMSHUIPO.
evitably have his eye upon the 1936, when the the next Presiden- Inquiry Held At Kowloon tial election takes place.
Magistracy.
ALLEGATIONS ··'OF INCENDIARISM
Then again, he must have In limit to the extent to which the National Debt can be en- larged through Government loan expenditure that equally is a mat- ter of time.
Strong allegations of incendiarisin were made by Chief Fire Brigade One has therefore, always to Offseer Moss and Divisional Police
u gold, all her external deutors new metal, Exactly the same Literary Feast
check of costs of working applies would of course neave a sign, of
A former cannibal is said to be rener; but i was muuty to be price of gold has added more boller, I suppose.
to gold-mining. The
present writing his life story. Just a pot. mind some supposed that the creator who than forty per cent to the ore has just passed a law imposing that will pay to work on the disabilities on her debtors who Rand-a tonnage that will take Slow bul Sure are at present unable to obtain at least thirty years to put "Newly-formed amateur or gold would suddenly turn philan-through the mills. With a max-chestras need lots of practice be consider the possibility that this Inspector Shaftain, at the Inquiry thropist in a burst of generosity. imum price fixed to keep the fore the members play well to man noted for sudden and courage held at Kowloon Magistracy yester. It would be possible to argue mum price of sale agreed to by all in good time.
producers in check, and a min-gether." I read. All in good timeous decisions, may suddenly decide day into the circumstances of the that the apparent philanthropy India and the other countries
to put his foot once more on the fires at Nos. 96 and 98 Fuk Wing might be largely offset by mak-that have a surplus, it is hoped Like Father
celerator That is one reason why Street, Shamshulpo, on May 11. ing possible the
recovery atta stabilise within
the business world over Europe is) extreme The philatelist's son who was a asking whether he will not soon and distinct fires within a distance It was stated that are separate use hic remaining powera to deproof a few yards, signs of kerosene on ¦- ciate the dollar to a 50 cent level, the doors, an almost complete abei weeks ago it was expected by all articles of stock on the premises. When I was in America a few sense of furniture, and only, a few business men and politicians to were found. whom I spoke without exception; that the present gold value of the Coroner following the evidence, the Mc. B 1 Wynne-Jonei acted as doller would be maintained for hearing was adjourned until Tues- many monil. It is just the puzzle day afternoon..
*
many debta which will other-limits amounting to ten per man of the right stamp. wise not be paid at all. But di- cent, which should be enough to
*
ligent search has falled to reveal accommodate the market for or-Absolutely Fair that any member of Congress dinary seasonal movements of
"Schoolmasters are seldom
guilty
that
:
has referred to that possibility, commodities. There is also in of favouritism." They see The general point of view was the various arrangements some every popil gets his whack.
indication that the normal value| recently defined by an American that is aimed at, subject to a Asking for it professor as simply that a cer- five per cent. variation, either
The absconding librarian who tain man named Uncle Jonathan way to meet genuine fluctuations was eventually brought toʻ book. had leat some coing to another of business, is the old ratio of man named John Bull and is the Indian Rupes to the pound Inevitable
now anxious to distrain on him sterling: one shilling and four "Fewer people are learning to to force him to pay them back. pence to the pound. The work-ride horses" says ad fnstructor.
The price of sliver means of ing of the scheme will depend on But there always has been a dis course the gold price of eliver; the discretion of so many Trea tinct failioz off."
syrers, whose interests, will noti
of the American, situation thats Mr. Roosevelt is capable of changing
his tack with great colerity.
Roosevelt's Tactics
J
There are now 1,860 Chinesa liv. There is an even more, Important in Holland, according to an aspect from which the time factor official statement just; lamped"; They has to be regarded. The mass of are distributed as follows; Spitan, the people have merged, or forget dam 749;- Amsterdam: 152: The "Hinir,dressers, ara a conacianti-ten, their old party, alifanoes, clut Hague 180, Utrecht 27; Archom.
the old gang of Republicans ara düşe Zwolle, 18; and
it is a self-acting ratio dependant always coincide, that all one can. Absolutely
on daily transactions; and from gay in that if it succeeds, our
the point of view of the mer own Banks will be assisted in our body of men," declares chant our prosent trouble is that steadying the exchange market, writer, I take off my hat to them still hoping the tide of popular