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THE HONGKONG TELEGRAPH. FRIDAY, JUNE 9, 1939.
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FRIDAY, JUNE 9, 1933.
WORLD CRISIS
HI: HOW ONE DOLLAR CAME TO LOOK LIKE TWO
Kellogg Pact and Italy is a mem-main thesis:)
hia
or
GOLD
B.B
which has swept Germany for had a wife and family. Together, cause of the Cancing this ques
The Very Idea!
THIS TENNIS RACQUET
By Eddie "Scarface" Kelly.
nd-.
In doubles, if you are play- ing with your, wife, you say "Tch, Tch" three or four times in a loud voice whenever she misses. If you are playing with the girl friend you say "Good try, darling."
This brings the score to love- forty. If you hit the next ball in- to the net it is rubber:
British. But why criticism at a friendly visit? Because
the whole 'visit was planned as a military demonstration on a large scale. The King was not only accompanied at sea by a
As one who has been in the large display of war vessels, but
tennis racquet for somo time," actually landed a number
of
we can speak with some authorl- Italian regiments de his guard,
ty on this subject Italy is known to have her eyes
BY FREDERICK COPE, A.M.I.E.E.
TENNIS is played either in fixed on the restoration of her
singles or married. Be- glory along the African coast.
(This is the second article of a tals. There is much contention, oven She has in Europe already pene-series by a local student of economic at this day, as to the desirability of sides the players there are trated Albania and is credited problem, very timely in view of the using Silver and Gold together, term- also an unlimitable number with larger designs. And yet approach of the World Economic Coned BIMETALISM, or Gold only, term of umpires, the number de-
STANDARD.
pending on your popularity. ROCKNE SIX Signor Mussolini has signed the forence. The author is in the pre-ed the Single Standard
paratery stogo, leading up to
BIMETALISM, is the theory of If you are a young woman ber of the Lengue. There is That magic word "Money". making Silver and Gold pass
in Axed ratio of one to the there are bound to be at plonty of evidence, and not least' As the subject is likely to lend us Money,
to be, other. There are many upholders of least seventeen umpires. Signor Mussolini's speeches, to into, what might appear
the system
at the present time, but roglons of mystery, let us go back as the production, or availability of
The object in tennis is to hit show that Italy's adherence to a
to the early days and trace how the two metals; are in a
ratio; & small white ball into the not. peace policy is merely tempor-money came about. For the pur- there is difficulty in agreeing upon This is a tough job, especially if ary, and no more sincere than pose, we will go back as far so the was Japan's. The most that can Caveman. Let us imagine the cepted, which would be generally ne- you have seventeen umpires, be-
cepted. In the past, fixed ratios be said is that the League gives gentleman of that period, as he have been made within national ber-Cause they all get in the way. Only one ball is used at other nations a right to interfero stood toying with his heavy and dera, but it was always found that
-time. More than one ball at a
time is called a volloy. when a threat of war appears wall balanced club. Resplendent Gold would flow to those countries and the force of political pres- and lord of all he surveyed. He where Ita value, in terms of Silver,
was highest.
Even Teddle Fincher and Sir- sure, and perhaps, who knows?, Transport, Consuming, Capacity, Standard) was strongly championed into the net as often as we do.
constituted Production, Labour,
The GOLD STANDARD (Single dar Rumjahn cannot get the ball. even of moral súasion can ho Service, and everything with The opponents of this Standard, pThis is what is called our brought to bear. It is
ex-which money has concern. forward the contention, that the in- aggerated nationalism again He required no money, although he adequacy of Gold supplies, is a root vantage, if you cannot think of a
falls of com- | botter one..
A backhand stroke is made when the Hitler party-that, and the they provided all they needed, but modity prices.
exactly as it is at the present time, tion there are arguments and counter your opponent isn't looking, hence fear of Communism. No-one "desires" expanded. He found that, arguments, so much so, that for the the name.. If he is looking you would credit Herr Hitler with a due to particular circumstances sur past five or six hundred years, the play an ace shot.. pacifist mind. To the onlooker rounding his existence, ho could easily contention has raged, and an we are
Nothing can beat an Ace. Two it would seem that Germany provide an excess of some wants, but aware, the issue is not yet settled:
had a deficiency in others. As auc- Ita record of disagreement would be Aces make a pair. A Pair is re- was recently on the brink of cession to this stagg, he found unfit
the Inst Century the Gold securing, with the aid of Bri-comparing notes with his neighbour, and to print. However, about the ferred to as doubles.
and tain, very much what she want-that an exchany level things up, to Gold currency was in circulation in
of Goods and Ser- standard was widely accepted. ed, real measures of disarman-vices could ent on the part of the allies, and the benefit and comfort of both. Thus, the most important commercial and
was the first method of exchange industrial countries. re-consideration of the terms of introduced, and was tormed BARTER. In Britain, the gold sovereign was the Peace Treaties. The advent The success of the system of Barter, the standard coin. At this point, it be mentioned, that a country of Hitler to power has brought encouraged the production of more could accept the gold basis, without goods and services, and as time pro- British opinion sharply back to gressed, these increased to such an necessarily being on the actual gold departed the side of France, illuminated extent, in quantity and variety, that standard. When, Britain
too from the gold standard, she simply France's continued demands for the system of Barter becamo security, and Introduced a tru- cumbersome to function efficiently. ceased to undertake to sell gold, in
This eventually led to the adoption of exchange for currency. culent note into German diplo- a standard article, in the terms of
There are six games in a macy. Fascism in this vigor which, all other Goods and Services, ous appeal it makes to the could be valued. The possession of a We have now become acquainted and two out of three sets make a lous appeal it makes to the quantity of the Article, was also with metal coinage-tangible Money rubber.
title to Goods and Services of equival- | something which seems to have some Therefore if you win two sets barbaric passions of patriot ent value.
Intrinsic value. But there is still you are set, but if you win only ism is
move- a retrograde
This standard article was termed another form of money-Paper! This one set you are settled because the peace which followed it were the sentiments which sweep na-are, used as Money. The African Nawiculties will centre. Before we can
ment. It tends to restore Money. It took many forms. Many is the most interesting part of the you have lost two sets.
different articles have been, and still subject of money, and one around the solution of our economic formed on the principle of self- tions off their feet and plunge tive, over many generations used determination and on the ident them into insensate wars for Ivory. In other lands, Shells, Salt, proceed to deal with this type .of international action and nhonour', for 'national prestige', and ornaments were used, in addition money, we must introduce the Banker,
"Fault" is called out by the man really world state. The principle of for (in the words of the Oxford to the metals, Iron, Copper, Silver and because he was the person who
catablished the system. What is the who sits in a baby's high chair self-determination was directed Union Society's resolution) 'King Events have proved Money to have Bankor, and how did he come into near the net.
and Country'. There was abeen a very useful innovation, and of exlatonce, how did he evolve? For The correct thing to do when the against the exploitation in the time when such phrases com- extreme benefit to mankind. It allow our purpose, it is sufficient to meet man says "fault" is to reply "fault. interests of imperialism of small pelled the gentleman to challen- ed Industry to develop, and provide him, in the course of his evolution, at
me grandmother" under your, ол Goods and Services in abundance. It point when he functions or politically backward peoples. ge his enemy to the duel. Some-enabled the general standard of living Goldsmith. At this stage, ho we a
breath. If he says "double," It has, however, blossomed into how, without any loss of person- to be raised to such an extent, that depositary for Gold and Specie
swear softly and re-double. a reassertion of that nationalism al honour, the world has been to-day, a man giving a reasonable The principal reasons for the in- The score then becomes 40-40. which itself, produced the War.ble to hweep these away in the amount of Service, can have comforts troduction of Paper money were the Vulgar people refer to this as In the case of small nations it case of individuals: In the case the Kings of earlier times.'
and conveniences, not obtainable by objections to the weight, bulk, and "deuce" Tennis is no longer
risk attendant upon has manifested itself in absurd of nations they still require to be
transferring played in Gormany because "Jews" large amounts of Gold or coin.
has been abolished. In America tarriff barriers which have done stripped of their glamour, and
PURPOSE OF MONDAY. In the early days, it was customary they refer to 40-40 as moonshine. much to accentuate the trade replaced by new loyalties, the 'Since the purpose of Money was to
to deposit Gold and
In the Specie
This is also the time of the year- larger nations it has proved ex- the supremacy of reason, depression. In the case of the essential nobility of restraint, facilitate the production and exchange Banker's safe keeping. In return, a Julce, and in Italy it is 11 Duce.
of goods and services, it was desirable Banker's "Receipt" was issued. The the that it should function well in this tremely irreconcilable with the sacredness of human life, the capacity. To do so, it was essential ceipt by transferring this "Ro- when tennis racquets have to be
could transfer the ownership restrung with gut. larger ideal of international co- claims of brotherhood, the inter- that good money should possess Cer the metal. It will be seen that this they're no good.
oft the Specie, without actually moving They've put to be, otherwise. operation, an ideal which was est of all mankind, to say notIt was evident that its bulk-and It functioned just the same as coin, Y.M.C.A, now, for a nice, quiet
tain attributes or properties.
"Receipt" could be passed on again. Well, we're going over to the intended to be inclusive of local hing of the greater virtues of weight should be of convenient dimen- pra nationlisms. But since
the self-sacrifice, and of victory by sions; it should be serviceable, to providing the Banker, and the origin world must move towards an in-moral influence (in which Chin- reasonable wear, and above all, ital owner, were well known in the game of ping-pong.
The next palpitating instalment' ternational system, if only, be- ese philosophy is so far ahead acceptability. Of all known
general locality of its circulation. Here we
media have the "Receipt" doing the work of in this series will be printed to- cause its financial system is so of anything but the Sermon on of the past, Silver and Gold actual coin, and the coin at the same morrow. closely interlocked, this
time, lying at the Bank, doing not- ac- the Mount, to which Western satisfied best these conditions,
Good-bye Til-den. We'll be centuated nationalism has had to Nations have so far in their
seein' Hughes. The Banker saw, that if pay lip-service to international public policies turned a deaf ear). of money. When these metals wore period, he could obtain permission to during this ideals. The result has been
In this twentieth century such a cut into definite sizes, and definite make use of this idle money, on the new and nauseating cant, and a sentiment as von Papen's, that weights, for the purpose of exchange, or make it available on demand, he growth of insincerity in the effi- the battlefield is to men what they became known as coinage. cial pronouncements of nation- motherhood is to women' should of Money, to its most acceptable form for which service, he could make
Having thus for traced the history would be able to lean out the money: al chancellaries which bids fair be impossible of utterance. Cer- of Silver and Gold, it will be well to charge and profit thereby, The
(Continued on Page 4) to outstrip the more patent and tainly the government of which examine the merits of these two me- generally recognised insinceri-
a prominent member, utters it ties of the old diplomacy" cannot be said to be a "loyal The most obvious Instance of member of the League; nor can this perhaps is the subtle dis-its adherence to a Kellogg Pact
be anything but a farce.
FASCISM AND PEACE
The Great War left the world a heritage of two conflicting ideals. The truce of 1918 and
tinction which has been made be- tween a variety of armed con- flicts, such as the protection of nationals in foreign countries, the preservation of peace in dubious areas over which a
Dickens and Drama
The production of "Oliver authority is claimed, and the Twist" at one of London's larg collection of taxes by the sweet eat theatres is an indication of method of dropping bombs, and the enduring popularity of Char- war. In the case of Japan, the les Dickens and a tribute to the attempt to wrest words into virility of his work. Dickens's covering action of a sense op-personal flair for the theatre un- inspired dramatic posite to their meaning has doubtedly broken down, although oven Ja-qualities in his works, and if pan has not declarged war any Oliver Twist" as a play has more than her opponent who is crudities which strike harshly on claiming the right to resist. the appreciation of present-day The most serious debasing of playgoers, it is partly because verbal coinage, however, is sure-Dickens had a purpose in pictur- ly to be put down to the coun-ing Oliver, Bil Sykes, Fagin and tries which have adopted Fas- the Artful Dodger in the way he ciam as a system of government. did. Dickens has had an influence Signor Mussolini has never con- en education as well as in drama cealed his determination to make and sociology. Conceivably some war if he considers that the schools to-day could aven learn dignity or ambition of Italy de- from the methods of Mr. Wack- mand it. The whole tendency of ford Squeers, in "Nicholas Nic- Italian Fascism is military, the kleby, the headmaster of "Do restoration in modern Italy of theboya Hall." The latest sphere the splendour of Rome, the into which the polley of learn- Rome not of the Renaissance, ing a thing by doing it, rather but of the Caesars. The recent than by reading about it, or visit of the King of Italy to watching it, or being told, has Egypt caused, we understand, beon introduced, is that of dra- very much comment and adverso ma itself. A report of the work criticism not only in French and of the British Drama League British circles, but especially in shows that today there are Egypt itself, where the present 10,000 village theatrical socie-
happily proties:- government is
Gold.
should be ono
of mast
Gold found favour over other
As time progressed, Silver and hing
forms
PAPER MONDAY,
of
11
A tennis ball is rubber in any case, but you always say "rubber" at the end of three sets.
set,
If you lob the ball outside. ' the lines it is hard lines. This is termed a fault and it it all your fault.
a t t t i understanding, that he would deliver,
"You've done nothing all week, but study old joke books, and
I'll bet you aren't even called on to make 'à speech."
CALL ME "BISH." Bishop Hall recently declared.
Just call me Bishop, he said. ferred to as "Your Lordship."
We are all in favour of this. scheme for dropping formalities. It introduces a stilted feeling into. relations which is quito unpoces- sary. How much more interesting for instance, it would be If Court. hearings proceeded on these lines:
Magistrate: Well, Eddle, what. are you doing here?
Us:-You see, it was this way, Maggio (vico Your Worship) we just had a doublo whiskey and it camo over us like. But, we do abject to two bobbies taking us in. One would have been enough.
Maggle: Woll, Woifle, what do you say to that?
1. G. P. Half a mo. Say, Tim, what's this bloke talking about?....
C. D. 1. Murphy: "Sorgy,
you brought him in. Who was with. you?
4
Sergeant Smith: I was alone.. We ain't got two blokes on my beat as you knows very well.
Magistrate: Well, Eddie old. top, I'm afraid you're for it. Would you like to pay $10 into Mr. Taylor's little account at the. Hongkong and Shanghai Bank, or would you prefer a little time to think things over?
Us:-Sure we don't know what. to do. You see we lost the hoad- ache recently and haven't got no othor means of support. Can't 'you make it five bucks, just be tween old pals,
Magistrate: Don't you know this: Is a Court of Law. We cannot dia- cuss extent of punishments?
UsKeep your hair on, we didn't mean to bo, disrespectful, Maggie,
but b
Maglatrate: I think you'd bet ter trot along for an interview with Franklo. But don't stay any longer than necessary. Wo, shall; want your room in a few days.