THE
"SNAP"
Ideal for sports
ar general wear,
REGD.
A new range in Snap hats. This adaptable brim model is made of fine quality fur felt and is obtainable in Brown, Buff and Grey shades/
HENRY HEATH
Obtainable from
MACKINTOSHS TD
24
They
OUR DRYCLEANING SERVICE MAKES THIS CONDITION POSSIBLE FOR EVERYONES
NO OLD FASHIONED. PRESSING METHODS ARE USED WHICH
LOOK MERELY ΜΑΤ NEW DOWN THE FIBRES
longer!
AND DEADEN THE
FABRIC.
YOU'LL LIKE THE WAY YOUR · SUITS COME BACK TO YOU.
THE STEAM LAUNDRY CO. Sanitary Laundrymen, Dyers and Dry Cleaners HEAD OFFICE and WORKS, Mongkok. Tel 57032.' || KOWLOON HOTEL DEPOT. Tel. 58006.
HONG KONG DEPOT, 60, Quoan's. Boad Central, Tel: 91279. PEAK HOTEL DEPOT. Tal. 20071.
PENINSULA' HOTEL (Visitors only).
HONG KONG HOTEL,
78, WINDHAM STREET.
SPECIAL VALETERIA SERVICE,
No. 2, Peninsula Hotel Arcade," Tel. 58081.
864, Nathan Rond (Next to Majestio Theatre), - Tel, 58906,
60, Queon's Road Central. Tol. 21879.
WHITEAWAY'S
EXCESS STOCK SALE
Ceylon Flannels at Landed Cost.
We have a large stock of striped Ceylon Flannels which we are offering this month at practically cost price Good striped designs suitable for pyjamas, etc.
The "TROPICA" Striped Ceylon Flannel,
inches wide
Usual Price: $2.75 Yard Clearing Price: $1.50 Yard.
The "WAYDELLA" Flannel in a good selection of striped designs, 30 inches wide..
Usual Price; 83.95 Yard.
Clearing Price $2.50 Yard The "VIYELLA" Flannel. The genuine Viyella for Shirta, Pyjamas, etc. 80 inches wide--
Usual Price: $895 Yard, fruktan Clearing Price: $2.95 Yard.
COME EARLY FOR BEST PATTERNS.
WHITRAWAY, LAIDLAW & CO., LTD,
HONG KONG DAILY PRESS, WEDNESDAY, OCTOBER
IS THE SILVER AGE COMING?
HUMANITY'S GOLDEN CROSS-WAR ON GOLD-BACK TO SILVER THE ALARMED CURRENCY EXPERTS- THE DETHRONED BELIEF OF THE MILLIONS METAL WORLD REVOLUTION
(BY DR. KARL MEGERLE)
1931
An Englishman, recently maintain
in this way almost three fifths of humanity only knew the value of cilvor, and had not sworn allegiance to gold currency. That, is true, but it is equally true that gold has overnight deprived ar those numerous millions of Chinose. and Indians of half their wealth that is to say also of half their purchasing power. The whole of tha wide Orient, that is to say the greatest future marketa, the last free ones of the world, has fallen out because the clover whites have hurled silver from its throne. From this direction blows the wind which bns suddenly mada. England ripe for the silver problem. Lancashire victim of the silver crisia, and. Lancashire is a good part of Eng mant disappeared again, but not, soland Fortunately, America is not the silver problem. America was in favour of a Silver Conference But when that country put out feelers in Tokyo, Nandatig and London half a year ago, England, strangely enough, declined Now the loudest cry for the rehabilito tion of silver emanates from Lon- don. In The Times prominent Conservative politicians and City people have for weeks and weeks been taking up the cause of silver
At present we are no doubt And amongst those in the know is living in the golden age: gold has was whispered that the re-estab become the holy measure of alllishment of the silver standard things economic, and the apostles would be Hoover's second genial of gold have achieved what they move. However, the silver move wanted, the absolute domination of gold on the whole of the earth, with the exception of the Chiness Em pire, which has however likewise enclosed its coasts in a border of gold. "But we see. with fear and trembling how the benefit of a fixed standard unit is developing into gruesome tyranny. Not only the world's gold accumulate in two places of the globo, namely in New York and Paris-but gold has also played us the tricks of suddenly
a
only the greatest gold owner, but also the greatest producer and owner of silver Moreover, it is dependent, on the markets of South America and of the Far East, ie., also on the purchasing power, of silver. As English and American interests conform in this respect, the prospects for a silver ago are not unfavourable. Gold has proved too much of a failure for a ten- deney towards revolt not to be
rising 40 per cent. in value and Sir Robert Horne, late Conservapowerfully manifest. It has failed smashing all world price of first tive Chancellor of the Exchequer to bring about the very thing which of all, as by magic, increasing the and a pillar of the City quotes was expected, of it, namely, the debt burdens by almost half, so the words of Earl Balfour, who stabilisation of prices, the accure that the possessors of gold at the is said to have foretold five years basis of economic life, but under Present-day belong to those of ago that before long silver currency enced the greatest prica revolution, its sceptra the world has experi whom the Bible saya Unto him would once more form the central and the most grotesque incom that bath, to him shall be given, subject of international debates patibilition. Then one remembers and he shall have more abundance." The former Colonial Secretary, Mr. middle class of pre-war days. And good old silver, the magnificent Ono cannot help agreeing with the L S. Amery, writes that within a Germany has no reasons whatsoever En Bahman who said that humanity few years only a small number of to come forward us a defender of is ut prosent bailed; to a golden States will be able to maintain gold have none, in the second place there gold. Because in the first place we cross. One truly puts one's hands currency. The flight of gold from is no prospect of us obtaining any, into a wasp's nest when abusing the London has also worked wonders in in the third place, however, the Golden Calf, and in the eyes of the this direction. Therefore, if Wash political and commercial debte, and gold craze has almost doubled our professional currency expert every ington were to call a Silver Con- in the fourth place we have no one who dares to doubt that hol feroneo new, England would no
Siegfried to slay the dragon Tafnir ness of the gold dogma is an in-longer refuse. When England and therefore, a depreciation of gold on the Gallie Nyfel Heath. If dividual who is dangerous to society America agree, however, when could be achieved with the aid of and the State. They can justly the silver producers Mexico and silver, we would have no objections, point out that gold currency has no Canada: step in and when Japan the company of the two great part
particularly not if we were to be in chanto at all of affecting its pur and China come round in their ownners England and America. pose, as the reparations and war interests, politics will simply push debts are forcing gold against its the theory of currencies, impudently own nature, to accuit aside and perhaps the dagma of the is least used. But this: alone saperoscanet gold currency will will not suffice. Because it is just prove to be a superstitution.
44
A World Silver Trust,
The only problem is how to bring about the change. Some are in favour of a complete revolution, of a coup d'etat which casts off gold. as much a fact that the produé-
and enthronca silver na solo Silver and Its Virtues, tion of gold is at the present day
standard metal. They have the great advantage of evading the no longer enough to place sufficient What is there really against snares of a double currency, gold at the disposal of all coun- silver! It is reproached for its Others are contemplating a kind of tries for their increased, manufaction. Since it is produced as an
downright proletarian multipalica price stabilisation of silver n
goods. Perhaps by means of a tures. Yes, if a new Alaska were additional produce in the manufac World Silver Trust or a Silver disovered, or if a second Band"ture of copper, lead and zine, the Board, and similar ways and were found; but even then gold able to measure values by, as it inquire the approval of all countries opinion is held that it is unsuit- means. This would naturally re would not flow where it is ardently not sufficiently rare and is too which possess and produce silver, desired, for instance not to Ger easily incrossed. It is, admitted and is very difficult to carry out many. Moreover, we have very dise than money and a really quite come from the side of the currency. that silver is to-day more merchan The improvement should surely serious objections against gold on uceless merchandise. It has become If, for instance, England and foreign political grounds. The old-fashioned like the silvery laugh America, together with all their French gold treasure is worth more of rich people, who would rather decided, instead of gold, to intro- of woman and the heavy table silver economic attachments and vassala than an army and the French have eat from good china and, instead duce silver currency, the power of so far failed to show so much of from silver goblets drink their gold would suffer a severe blow. coonomic intelligence" as to open wines and champagnes out of Most of the proposals, however, their gold bag and to pour a rain crystal glasses Silver is too de envisage a kind of double sand. of gold over the thirsting fields of cent, ico solid for our hasty times.
ard. Silver is to be brought into Central Europe. It will therefore, Perhaps this will change again one fixed relationship to gold Silver be necessary to help them a little day perhaps silver will soon beis, for instance, up to a certain and as they are equally dent to very fashionable again. Maybe the percentage, to be permitted as pleas for revision as to pleas for time is coming when everybody will cover for notes, but first of all as loane, there is nothing for it but to be born with a silver spoon in his legal tender for international debts declare a general war un gold. The mouth But for the sake of its and obligations. This naturally time seems to be opportune for justification silver can reply that makes the hair of all the currency this. The flag of revolution is the production and consumption of experts stand on end and there will being unfurled everywhere and the silver do not vary so much as to teories of inflation: from all direc. battle cry is Back to Bilver caumo considerable detriment to ittions. But a world which has gone catastrophiction, and, deflation will be the less price. The silvar catastrophe through all the purgatory of infla this side. It came forth from the frightened by those orics ne a silver fact that after the war all coun- infiation would have its natural trics auddenly, within a short limits, whereng a read inflation period, either returned to or adopt only depends on the number of ed gold currency, and suddenly cast revolutions of the bank note press. their stocks of silver on the market. However, silver or gold, that is the England wanted to win the war question which cannot in the long with silver bullets, but seems to
rna be avoided. Of the golden age have lost the peace through the we have had enough. Why not con- gold ballets of France and America.sider a silver age? It is this repudiation of silver which has been the cause of the terrible slump, and particularly the MOST INDIGESTION REALLY enormous offers of silver by Eng land and India.
Back to Biliver.
A "silver" movement has thus ap- peared on the economic horizon and let us hope it will be a more solid one than silver movement seen in the past. A Silver Conference, is in the air there are many symptoms of it. The States of South America, which are up to the neck in debt arp to pay in gold and saunot do so There is more chance of thom having silver. They have to us pend the payment of interest to foreign countries. Their buying power is suffering from galloping consumption, not only because their products cost nothing but because the gold clauso increase their debts quicker than their ability to pay Although sufficient coined and un, coined silver is lying in the count trics no debts can be paid with Its Mexico has with one furious blow cut the bond which tied it to the gold standard. Mr. Callee, the Finance Dictator, introduced over night pure silver currency for home Use But he had to clone are insuranco contract with the gold popseniora by means of a gold re- scrven: When President Hoover proclaimed his debt holiday year the first silver movement appeared That white metal, which through its association with gold ever thou sandazol years had gained honour and respect and which in our demo- #oratio:proletarisa age, had sunk to an unstable middle level between preoious and common metal," sud-" denly, began to claim more rESPERE
In Ohină and the East.
/ ACIDITY:
Nearly everybody'suffers at times Throughout the Orient, honey
after eating. Some folk call this silver hip for centuries not only heartburn, others gastritis, but no indigestion, some dyspepsia, some bean legal tender, but also matter what you call it the chances capital investment, or a medium are ten to one that the exties of expression of wealth and elaks the trouble ie acidity. Excess Silver treasures still play a great stomach acid sours food before it part in China and India to-day. The Chinese merchant does not set in and painful gases torn
has & chance to digest, fermentation. count, but weighs silver in scales, The surest and only logical way and the legendary money bag still to relieve digestive trouble, there plays a very important part therefore is to remove the acid that den gelevene kada causes it Bigrated Magnesia hot only does this instantly, but It also soothes, heat and protects the riflamed stomach lining so that healthy disgestion follows painless ly and naturally. Get a package.
Bisuratod.
WILL ROGERS A Connectic
Yankee
Your
will real
dige
KAIPING COAL
FOR HOME, FACTORY & POWER HOUSE
HOME. FACTORY AND BUNKERS
POWER
HOUSE
TUGS & LOGOS.
THE KAILAN MINING ADMINISTRATION.
DODWELL & CO. LTD., Agents, Hong Kong.
COATES
ORIGINAL
PLYMOUTH GIN
IS TAM BEST DRY GIN FOR COCKTAILS.
Sole Agents
CALDBECK, MACGREGOR & Co., Ltd.
(Incorporated under the Companies Ordinances of Hong Kong, PRINCES BUILDING, IOE HOUSE STREET.
M.C.L. Peak Children's Club
SALE OF WORK
on Monday next at the Peak Club
To be opened by Lady Feel at 3.30 p.m.
Entrance
·50 cents
Children free
APPROPRIATE
The choice of
appropriate type
and ornamentation
much to do with pulling power
advertisement.
an
THE HONG KONG DAILY PRESS
up advertisements aims making them as effective as possible by the proper co-ordination
type,