STANDARD-DISINFECTANT
for
GENERAL DISINFECTING, DEODORISING
and
CLEANSING
in
ONE GALLON TINS
$2.75
C. E. WARREN & CO.,
China Building, Hongkong.
Post, Ltd.
The
FINAL EDITION
Hongkong Telegraph.
LTD.
FOUNDED 1881
三拜體·號九月正英港香
WEDNESDAY, JANUARY
9, 1935. 日五初月二十
SINGLE 'CUPÉ 18-CENTE $46.00 PER ANNUM
No. 14487
U.S. SILVER PLAN SHOCK FOR
ACCUSED
TO BE EXPOSED? KIDNAPPER
STRONG GROUP ASKS REMONETISATION
ORGANISING TO FORCE QUICK ACTION
(SPECIAL TO “TELEGRAPH")
Washington, Jan. 8.
As a result of the agitation among the Silver Bloc, it was learned to-day that Congress may enforce the Secretary of the Treasury, Mr. Morgenthau, to render a strict account of the Administration's monetary programme, especially the policy relating to silver purchases.
Mr. Morgenthau says that there is absolutely no significance attached to the seigniorage figures in the budget, as they do not mean that any change will be made in the silver purchasing programme.
The estimated seigniorage for the fiscal year 1936 is $125,000,000 as compared with $100,000,000 for 1935.
Meanwhile, members of the House of Reprenintatives who favour further immediate legisla- Lion
the designed to increase price of silver to-day began the organisation of a congressional bloc, regardless of party lines, to accelerate the campaign for the nemonetisation of the white metal, The leader of the bloc in the House is Representative John A. Martin, Democrat of Colorado.
The members of the bloc in thể House plan to consult and work closely with the Senate group which is also working energeticni- ly for the remonetisation of silver. Political observers, hore
*xpect
that the new 'organisation will be more effective and larger than the' silver bine which wielded sa match influence at the fist session, of Congress,
POWERFUL BODY
AMERICA
CAN BEAR HER DEBT
BUT BUSINESS MUST IMPROVE
WALL STREET'S OPINION
—
(Special to "Telegraph")
New York, Jan. 8. Wall Street has expressed the Representative Martin to-day belief that the United States can declared that "the present silver easily bear the $34,239,000,000 law has been a step-child on the national debt load provided busi- Treasury's donr-at.j If the ominis of the Treasury carriedness improves sufficiently to out the law, allver would rise to yield a greater revenue at exist U.S.$1 an ounce, bringing great ing tax rates.
bencilts to the miners and expand Thore will be an additional huge
our currency."
Government Bond issued which the
Mr. Martin said that the United banks will absorb, through which States is suffering from insufficient currency and excessive dependency bank credit will be highly inflated. on bank credit. He deplored, the In many quarters it is believed "Himidity" with which he declared that should the banks eventually the silver issue had been eonment will be faced with currency in
refuse to absorb bonda the Govern-
fronted.
flation. Mr. Martin added: "If the country could stand cutting the
Conversely should business im gold content of the dollar, itprove sufficiently, relief oxpenses could also stand at least the ex-would be reduced; tax returns in- periment of remonetizing silver, creased, and the nations affairs At the time the gold dollar was would be restored to normal. devalued, silver · should have
moved into the picture. Events Wall Street financiers expressing showed there were no great stores their views on the President's of cheap allver available in the budget message' to-day said that world."
they expect the Treasury financing Mr. Martin himself favours re-to exceed $11,500,000,000 in view monetisation of silver at a 16 to 1 of the enormous budgetary require. ratio with gold. He said that as ments, for 1935.-United Press, yet there was available no con- sensus of his colleagues in the new aliver bloe regarding procedure.
Representative James Scrugħam, Democrat of Nevada and a promi- (Continued on Page 113
ECHO
HIGH FINANCING
Washington, Jan. 8. The Treasury is planning a new $9,000,000,000 financing pro gramme to meet President Roose velt's budget estimmtes, the United Press learned from an au-
· OF TRAGIC thoritative source to-day-United EXPLOSION
MR. KOTEWALL WILL
ASK QUESTIONS
The following questions arising
Press,
CONSERVATIVE CONTROL
Washington, Jan. 8. This week in Congress has de-i monstrated that the conservative | Democrats are dominant in both the Houses. Such being the case,
BUT HAUPTMANN UNSHAKEN
SURPRISE EVIDENCE
(Special to "Talegraph")
Ly Telegraph, Copyrights Telegraphic Me soya Ordinner, 1515. Hicrició, January
7. 430 am)
of
Flemington, Jan.. 8. Mundus Hochmuth, 87-year- resident of Hopewell, NJ., was a surprise witness to-day at the trial of Bruno Hauptmann, charged with the kidnapping and murder of the Lindbergh baby.
He was called by the State and Identified Hauptmann as the man he sale carrying a ladder in an automobile in the vicinity of the Lindbergh estate a few hours be fore the kidnapping.
Hochmuth walked up to 1laupt- mann in the court, placed a hand on his knee and declared: "That's the man I Anw."
Hauptmann, his stole attitude unshaken,, shook his head slowly and leaning towards his wife whispered, "This old man must be crazy." His whisper could be heard all over the court.
There was another surprise in store for the court. Joseph Peronne, a New York taxi driver, testified that Hauptman gave him nnote, believed to have been a demand for fansom, which he de- livered to Dr. Condon.
Hauptman, almost muttered: "You ake United Preus,
Mr.
Henry Morgenthau,
U.S.
Secretary of Treasury, who is to be asked to explain America'a monetary policy,
QUESTIONS
ON COLONY REVENUE
EXEMPTIONS FROM
STAMP DUTIES
MR. BRAGA ASKS
FOR FACTS Interesting questions are to be asked by the Hon. Mr. J. P. Braga, at to-morrow's meeting of the Legislative Council, on the inaudibly, possible loss of revenue to the liar. Colony arising out of exemption from stamp duty of contracts in respect of exchange business outside the Colony,
PAID HIM A DOLLAR
Mr. Beaga's questions are as
Flemington, Jan. 8. After Horhmath had declared | follows: he saw Hauptman in the vicinity
for
1. Are sale and purchase con- of the Lindbergh home, with a tracts and/or debit
notes ladder in his car on the night of shares of Companies operating the kidnapping, there was a fur- outside the Colony but deall in ther shock for the defence. in this market treated alike for A Bronx taxi driver, John purposes of stamp duty? If the Peronne, identified Hauptmann as negative, what is the differentia reply to this question he in the the man who gave him a dollar to deliver a note to Dr. Condon Inn and on what grounds is the
differentiation justiñed?
March, 1932.
over and laid a hand on Haupt- In a hushed court Peronne went
man's shoulder and said: "That
is the man."
recess,
RELIABILITYG LONG MILEAGE. SAFETY.
DUNLOP
The World's Best Tyres
NEW NAVAL H.K. EDUCATIONAL
PARLEY POSSIBLE
AGREEMENT IN
SIGHT
MR. DAVIS' OPTIMISM
(Special to "Telegraph”)
¿De Tricornphi Copyright. Telegrapkin Kan styra Ordinary, 1816 Received, January
...),
Washington, Jan. 8. The hint that further naval conversations will occur before long between the great naval powers
was dropped by Mr. Norman Davis; chief American
delegate to the London talks | which concluded recently, when he was interviewed to-day just after his arrival from Europe. |·
Alter conferring with Mr. Cordell Hall, Secretary of State. Mr. Davis said none of the men powers wanted to engage in i nuval race.
#
He added that There WAS strong possibility that within the (Continued on Page 11.)
PROGRESS
TECHNICAL TRAINING
PROGRAMME
EXPERT READY TO TABLE PRELIMINARY REPORT
There is to be laid on the table at to-morrow's meeting of the Legislative Council a lengthy report by Mr. George White, B.Sc.. A.M.I.Mech.E., Principal of. the Hongkong Junior Technical School, of a basic scheme setting out the general lines on which it is pro- posed to inaugurate a system of technical education for the Colony.
The report is made following a minute by H.E. the Governor stating that "it is essential that we should have a definite programme drawn up, and work up to it as far as funds will permit."
No attempt has been made, nor is it possible to do so, to analyse the prospects of all the activities which it is hoped to include eventually within the scheme;
Recovery Acts rather has an endeavour, in the first instance, been
Challenged
BOND-HOLDER'S CLAIMS
VITAL DECISION AWAITED
Washington, Jan. 8. Mr. Homer Cummings, to-day The U. S. Attorney-General.
appeared personally before the Supreme Court to defend the Administration's monetary po licies, including revocation of the gold clauses in contracts Providing the repayment-of obligations in gold dollars of the former value. The Court was hearing a case brought to com- way to abide by the gold clause pel the Baltimore & Ohio Rail- appearing in its bonds.
the
Counsel.for
plaintiff challenged the right of Congress to nullify the gold clause.
Arguments In the case are ex-
made to provide, for each class of society, one means of entrance to, or training in, such a mechanical occupa- tion as is found to be appropriate to the financial re- sources of each individual.
LIMITING EUROPE'S ARSENAL
INVITATION TO GERMANY
FRANCE CHANGES HER TONE
(Special to "Telegraph")
also
Dealing with general policy, Mr. White says in considering the.
the desirability of any course, population affected may be con- sidered as divided into three classes:
(a) The "White Collar" class whose HONA would normally expect to qualify for a "White Coflor" job with its superior social status,
(b) The skilled "Artizan” class, ambitious for its' song, and ready and able to make some sacrifice for their training..
(e)-The generally-poor whose aona eventually become semi-skill- ed after serving the least efficient type of apprenticeship in Chinese workshop. In general, the sacrifice devolving on this class by paying the smallest for is very heavy.
་
(By Telepresh, Copyright. Telegraphis
Consideration muxt also be 2. is the Colonial Treasurer in
nance, 18. Recetend, January
the value in Hongkong currency of a position to state approximately
given to the fact that no course Paris, Jan. 8. ·
can be even partially successful” the business carried on, since 1st pected to last all week. There The Qual D'Orsay categorical- unless students receive exactly January, 1934, to the 30th June after, the Court's decision could ly denied to-day the allegation by the industry for which training the type of education demanded last, by brokers on exchanges out be handed down on any Monday, that the Franco-Italian Mr. Edward Heilly's detailed side the Colony whose contracts but probably the Court will dell-ment contains a reservation with courses with which it is proposed agree is given. Accordingly the Senior cross-examination of this witness and/or debit notes are exempt berate several weeks before de respect to treaty revision which to make a stari, vizi, Marine. that Hauptmann was the man who only produced repeated assertions front stamp duty?
elding this vitally important case. did not arise at the Rome con- Engineering, Building, Automobile paid him a dollar to take a note referred to in Question 2 is
3. If the volume of the business-United Press.
versations.
Hepair are those in which close Washington, Jan. 8. to Dr. Condon.
ascertainable. will the Honourable Two of the most important fea-. While the existence of a Franco- co-operation with the industrial can be frmly STILL UNSHAKEN
Member inform, the Council what tures of the New Deal, the Italian protocol regarding German firms concerned would have been the estimated Invalidation of the gold clause in disarmament in officially established: Hauptmann was still quite un-amount of stamp fees derivable June, 1933, and the devaluation of denied, it appears that M. Laval
INTRICATE MOSAIC excited when the court declared 4 therefrom if the transactions had the dollar in January, 1934, were and Signor Mussolini have rench-i
been liable to payment of stamp the subject of attacks to-day when ed verbal agreement in this
The general organisation of the He informed reportera:
Fees on the scale chargeable to the Supreme Court commenced connection.
various schools must of necessity consideration of a suit brought "I told Peronne he was a liar.shares of Hongkong Companies?
France is veering towards ne- be absolutely apart from the I don't know why he gave that 4. Is it the opinion of Govern- by holder of a Baltimore and ceptance of the belief that accept- General English Educational testimony. I had never seen him ment that the operations by Ohio Railroad bond which ance of German equality is the System. The latter follows
lesser of two evils, considering it fairly definite course
from the until he came to the police station brokers in Hongkong on exchanges tained a gold clause. with a lot of policemien and tried outside the Colony do divert deal- ¿ This gold cinuse makes it possi- better to legalise and limit the time the student enters the Dis
the to say he had seen me before." ings in shares of local Companies; ble for the hondholder to demand size of Reichswehr rather triet School until he leavea after and if they do, does not the the value of his bond in fine gold than turn a blind eye to its unin- Matriculation; and within limits Dr. Condon will be the first wit-revenue of the Colony suffer by at the dollar rate of the time of terrupted underground growth. all students in all schools foliow ness to-morrow. He is the man reason of the diversion from local purchase of the bond,
The semi-official Le Temps adopts the same Course. Organisation who acted as the "go-between" for to foreign exchanges through The holder, as Colonel Lindbergh in his dealings diminution in stamp duty collec- tends the invalidation of the gold upon
plaintiff, con- this line of reasoning, but insists within the Individual school is limits. conditions and much simplified by this concen- with the kidnappers.-Reuter. tions in respect of share contracts, clause is unconstitutional and guarantees, by way of compensa- tration on one course.
and/or debit notes?
clalma interest on his coupon clon. including a margin of Technical Schools other than For the benefit of the revenue of amounting to $22 must be paid in security for the French army, no Junior can never have the advan- the Colony has the attention of gold or an equivalent amount of further increases In the Reichs-tage of such simplicity of organi- Government been directed to the the present legal tender.
wohr and a return of Germany to sation; students in the same year necessity for rectifying an existing The Government considera the Geneva.
will be following four or perhaps, anomaly that while dealings in case as involving th nation's fin- There is considerable hope in more separate courses; shares of local Joint Stock Com-ancial stability, and has sent the Rome that Germany will agree subjects will be common to most panies are subject to stamp fees Attorney General, Mr. Cummings, the offer with regard to the couracs, but the whole, must be certain foreign Companies enjoy to defend the legislation in ques-imitation of armaments. Ocial regarded as an intricato Immunity from such taxation?
COLONY'S AIR CONNECTIONS
WHAT STEPS ARE BEING TAKEN?
At to-morrow's meeting. of the
out of the disastrous explosion at the possibility of "printing press" Legislative Council, the Hon. Mr. West Point in May of last year are laflation would appear to be. H. Kotowell is to nak the fol- to be naked by the Hon. Mr. R. H. | eliminated, Kotowall at to-morrow's meeting
of the Legislative Council:
Furthermore silver and other (a) Whether the gasometers are monetary legislation is likely to considered to be suitably placed in conform substantially with Presi their present locations, in view.of dent Roosevelt's and the Secretary their
proximity to tenement of the Treasury's views.
This of course would be subject
יו
UNIVERSITY RADICALS
TEN ARRESTS NEAR PEKING
1
tion.-Reuter,
con-
B
certain
mosale
circles refuse to give out the the components of which can only actual text of the offer to Ger be elfciently fitted together by many but assert that it is couched careful adjustment ns the system In such a way that it is thought develops. Germany will accept.
PROPOSED FEES Omcialdom,
further, denies
ICKES' WARNING *
Washington, Jan. 8. The Secretary of the Interior, Mr. Harold Ickes, to-day said lowing questions with regard to
that yesterday's decision of the categorically any Intention oni Before laying down the courses linking Hongkong with outside
Supreme Court In which the of the part of Italy.or aerial services:
France to of training in detall, it may be (a) Has the Government under
production clauso was declared deciare German armaments illegal well to define the different types unconstitutional, emphasizes the until such time as Germany comes of courses proposed. These are:--- consideration, and, if not, will the Government
neconsity of adequate and specific to an agreement on the armament (a) Junior Courses, which pro consider, the question
legislation which will make gov-question with the other powers. vide a pre-apprenticeship train- houses;
of making Hongkong a part of
ornment control secure, (b) What steps have been, or to the usual compromises in the ed air service between Canton and call in connection with the report-
Then should she exceed her quota, ing; they are largely general, and Peking,. Jan. 9. will be, taken to ensure the proper event of the Silver Bloc bringing the United States of America.
The Secretary indicated that the there will be time enough for pro- in no wise a substitute for appren Making A surprise raid on Administration is considering test.-Reuter Special.
ticeship. maintenance and the regular strong pressure to bear.
(b) What stops, if any, have Tainghua University, a few miles asking Congress to take action examination of the gasomoters; Although in many quarters it been taken with a view to linking outaldo Peking, police to-day ar- which would declare all industry anticipated that the Bonus Bill Hongkong with the great air reated ten students, charging them to be in the clans of public (c) What other stops has the will
be passed, it is doubted routes of the world; and, if the with spreading dangerous pro- utilities, which would give the Government decided to take with whether. Senator Patman's in mattor is under consideration, paganda of a communistic nature Government complete control of a view to preventing similar dia-flationary method of payment will when are such connections ex- The students have been brought 'ail industrial : activities—United astors in the future,"
accompany. ItUnited Press.
pected to be affected.
here for trial-Beuter;"
and
Press
(b) Saulor Courses, which are FURTHER PROGRESS
accepted, olther in whole or in part, in lieu of apprenticeship, Rome, Jan. 8.
(c) Part Time: (Lecture) France and Italy have made Courses, (mainly evening classes progress towards a disarma which provide the theoretical
(Continued on Page 11.)
(Continued on Page 11).