1933-12-02 — Page 8

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The China Mail

Hong Kong, Saturday, Dec. 2. 193

Science In Fiction

HERE, THERE

and

EVERYWHERE

A French Chequers

The creation of a French Che- quers has been

the ambition of every French Premier alnce 31. Herriot smoked a companionable pipe with Mr. MacDonald on the lawns of the Buckinghamshire Chequers during the Dawes Plan conversations in 1924.

SATURDAY, DECEMBER 2, 1933.

"NEW DOLLAR" POLICY SETS PROBLEM

MR. ROOSEVELT'S DARING PRICE-RAISING PLAN

WHERE WILL IT LEAD?

(By Norman Crump.)

The choice of the Pavillon de la Muette, an eighteenth-century hunt- More than a month has elapsed] new banking Acts and labour ing lodge in the forest of St. Ger-since President Roosevelt's broad-| codes, with the result that the rise main, is particularly fortunate, since cast address on his monetary policy. in American prices has been hope. It is only half an hour distant by The financial world is still wonder-lessly unbalanced. Thus to-day in fast car from Paris.

ing what will be the outcome of many respects the rise in a far- It is doubted, however, if the experiment.

mer's or manufacturer's selling acquisition of a week-end residence- President Roosevelt is, above all, prices is being more than neutra- will do much to encourage the week-a politician, and he is faced to-day lined by the rise in his costs. end habit for French Prime Minis-with a very difficult situation. In these circumstances it is easy tera, for the weekly meeting of the American prices, wages, and costa to see that the increase in Ameri- Cabinet is held by Invariable cus-have all got out of gear as a result can prices may have done as much tom on Saturday mornings.

of their varled movements up and harm as good, and that President Moreover, Sunday is set apart by down, and he has to restore the Roosevelt thinks it necessary to French politicians for the weekly balance.

made a fresh start, if only to neu- visit to their constituency and the In addition he has to placute tralise the sharp rise in costs. delivery of important Ministerial the inflationists, who want higher which has occurred since July speeches in the provinces.

prices, whatever the cost, and also through the application of the the "bard-money" school, who view labour codes. any infiation of the currency withi A cyule might add that he was Prince Prajadhipok's popularity grave misgivings. Politically, his ready to listen to the sound-money fallowed him beyond Eton.

address was an attempt to please school, so long as he had his re-

•

His 1914 Escape

After passing through Woolwich, both,

he was attached to "L" Battery of THREE OBJECTIVES the Royal Horse Artillery at Alder. Following Britain's Example

ahot in the summer

of 1914, and

cent debt refunding operation be- fore him. For the success of debt conversion depends entirely upon a general bellef that the purchasing

to depreciate.

Perhaps the cynic would be right especially as the refunding opera- tion Was Buccessfully carried

The ultimate objectives defined took his share of duty with the in his speech are fairly easy to dis-power of the currency is not about other subalterns.

cern. Briefly, they are three in When war broke out he was; number. furious because he was not allow- 1. To raise internal prices to the ed to go on active service, more ex-point where producers can earn through only about a week before pecially because at the time he was profit and meet their outstanding President Roosevelt's address. It Ilated on the social consequencesi

of science. It was not long be not the direct heir to the throne.

had removed one obstacks in the As events turned out the caution!

2. To keep internal prices at that way of a further step towards of the Verne type of story. After fought their historic duel at Nery falling again or from rising fur: as an internal depreciation of the When "L" Battery level, preventing them either from higher prices-which is the same. was justified. 'all. what ure discoveries for ex-

fore he realized the shallowness

but no

indebtedness.

currency.

Your Daily Smile

. Then, and then only, to na

This roughly is the somewhat the new value of the dollar in gold, confused background to the de- and to stabilise its exchange value claration of

the "new dollar** against foreign currencies.

policy.

1933 VERSION

1 do not think this is a misinter-

cept to be applied in changing on September 1. 1911, every officer ther environment and advancing the was killed or wounded. human race? To voyage twen Casting a critical eye on the

ty thousand leagues under the wonder stories of science which sea and behold the wonders of he wrote at the turn of the cen the ocean bed may be exciting, [tury and of which eight are now;

more exciting than the "A marriage has been arranged,retation of his speech, It has. republished in England. H. Ghappenings in

been his objective all any good story and with a bit of luck may take indred. Wells nits a little too contemp of adventure. But science as place....

along, and to that extent he sald tuously. It is true that great the means of shaping human des-

nothing new. tales in any literature still hold tiny-there's a theme which is

Incidentally-and this โส attention because they reveal [not only attuned to the age but human character, because they which demands a knowledge of to be a big dame hunter. deal with human joy and suffer laboratory methods, history and Ling in familiar situations. be politics if it is to be exploited

cause. in a word, they reflect

with the skill of an artist and flife: and it is also true that the the fervour of a reformer. No for no

figures in a scientific romance! wonder that the Wells of "The correspondent. Just practice. serve merely to accelerate an Time Machine" has become

sociologist

*

*

ABANDONED

|

The next questions are: Can be carry it into effect? and what will be the reactions in the United States and other countries? President Roosevelt has made

of great play with new proposals to

The man who declared himself same importance-these three ob.Terente a Government market for Jectives represent more or less our gold and for buying and selling ¡own Government's policy with re-gold in the world market, but do-

gard to sterling.

finitely this is prima facie a very repeatedly roundabout and ineffective way of

THE REASON Why do women sometimes

apparent reason?

•

•

Proposal in the 1933 Style

action at the core of which lies |some terrifying or curious labor- [atory discovery. Yet there is real art in the Wells who eclipsed Hampered Capitalism. you

Verne, an art which is as old as!

cry

авия

Our Ministers have

a declared that they are anxious to raising American prices.

bring about a rise in sterling! There is only one way I know of prices, and it is by now fairly ob-raising prices. It Is to creat more vious that we shall nut returo to money, whether currency or bank

•

I know I'm not good enough for gold unless and until we can be deposits, and to persuade people to

reasonably certain that our return spend it. will not conflict with our main de- sire.

You're telling me?

*

+

•

America's N.R. A. Motto

Dough or die.

* * •

It is true that if the American Treasury bugs gold, and if it can Thus the difference between Pre persuade first the Reserve banks sident Reusevelt and ourselves ta and then the mass of commercial banks to use this new gold for an mainly one of degree. We are content to apply the gentle atimu. expansion of their credit and cash- in alus of easy money and low interest reserves, and if the public can then That rates, which drive people to spend be persuaded to spend this new

Ifterature itself and which has! Even those who have magisterial- had such exponents as Apuleius.jly condenmed the capitalistic sys. whose "Golden Ass" reflects

tem for its complete break-down in, state in which Roman science was the depression are calling upon nearly all black magic: Cyran capitalists to ревесне the

ASKING FOR IT world. ¡de Bergerac. who anticipated This is perhaps more pronounced in

There is enough nicotine

two Cows. Verne in literary balloon ascents: Europe thon in America. As cigar to k Swift, whose "Gulliver's Travels" Europeans have not resorted to should tenth cows not 10 smoke or to venture their saving in fresh money and to borrow from the thas as much science in it Aartificial stimulants with the en- cigars.

Aldous Huxley's satirical "Brave thusiasm of Americans, it is na New World."

•

•

昝

USEFUL GIFT

and the host of tural for them to demand that Thumbnail Interview Utopians who, like Bellamy, capitalism now show what it can do! "I'm engured on pence work," picture a world in which button-to bring about recovery. The sub- said Mr. Arthur Henderson. pushing is the nearest that happy (ject is discussed by Lord Lothian in mankind comes to drudgery. The Contemporary Review, Ho Such storles

A London taxicab driver is an "The Time points out that capitalism is urged 18 Machine" and "Food of the Gods" to go to work under the most erip-expert ventriloquist. How it must may have no relation to life, yel pling conditions. It does not now startle Aberdonian visitors to hear only a

master of phrases and have a fair chance. It is not per- themselves say, "Keep the change." dramatic effects could make mitted to apply ita old remedies and

now

them so life-like and plausible as develop new forces, because it is Nearly Civilised Wells'.[did.": A man who can compelled to confront - "inter-Members of a South American write of a voyage through time|national "anarchy.” What Lord tribe are said to break sticks over that "night follows day like the Lothian means is that the whole each other's heade as a sign of fapping of a wing" has some-complex of tariffe and barriers to anger: It sounds just like a golf thing of the poet in him. The trade and quotas and fierce Jeal-match. Verne formula is simple, Revealousies between nations are how

a machine works in its making`li impossible for capitalism I've Found This Out minutest detail. Introduce the to function as it would if it were

It'A never too late to lend, calculations that prove how easy left with anything like the freedom either. it is to shoot a man to the moon. which it once enjoyed. It is ob- Let the characters gush Facts viously hampered by similar cramp- that Every Boy Should Knowing controls in the United States. At that game a thousand new In addition to a tariff which pre-] paper reporters could beat Verne. venta the profitable exchange of Not only did they prove his un-goods with foreign nations-to- The handle of a new upholstery doing, but they showed that the gether with the renewed threat to brush is hollow and can be filled [rent science of the laboratory make the rates higher to as virtual with cleaning · fluid to be released more startling than that of ly to prohibit certain classes of to the brittles by pressing a thumb fiction. X-rays, radium, wire-imports America has regulation controlled valve.

Facts You Did Not Know.

lesa telegraphy, ultra-violet rays and restriction" pushed to great ex- ww. DIAN

enterprise; and the result has been banks up to the limit of these new a slow and balanced rise in sterl-cash reserves, then prices will rise. Yet there are many "fa" in this ing prices.

last long sentence, and it is pertin- AMERICAN PRICES

ent to add that during recent years Hopelessly Unbalanced

France has acquired a huge mass President Roosevelt's Adminis-of gold and French prices have tration, on the other hand, rushed failed to rise, in with all its paraphernalia of (Continued on Page 7).

Verne, learned of them through trames. On top of all is the crush- The memorial beacon to Christo the press in his own lifetime, llojing burden of taxation which pher dólambus to be erected on the " never, understood them. nover capitalism has to carry, In view of island of Santo Domingo has been | 2 | grasped their possibilition; this kind of domestic, anarchy" designed by an English archfect to but kept on working the now so prevalent, the exhortations be earthquake proof. old・・ fórmula that produced to capitalism to be up and doing are

"FIVO Weeks in a Bu ridiculous when they are not cruel.··'A bill valve'in the base of the loon" in the days of the Second The net result is very much as if pipe Teading to the coffee in a 'new Empire. With Wells there was the bystanders at a railway nocl percolatorobs the percolatiok A steady development. fle was dent should demand that the en-proċess «kűtömatically when the not only a trained scientist who gineer With a broken leg and his coffee is ready to serve, hva den graduated with honoura, but a head all done up in bandages should rega

writer of erantlya imagination, at once get his "traid back on the What is alserted to be the largest Even in duch early Grits an Erick and run it as "swiftly und äutomatic train Weighing scaler in "The Wonderful

The smoothly as before, In the the world "havidya Sapidity Pof "The favourite phrase of ex-Governor 48,000 bushels an hour, have been Island of Dr Moreau” he specul" Smith: "It can't be done" installed at Montreali

Time Machina" and

IT'S TIME

STHAT di

6PIKNIKO

BUSINESS.

TIRED OF GUESSING WHERE IT'S GOING TO STOP