1934-05-12 — Page 1

Carnation

Carnation

"From Contented Cows"

THERE'S CREAM

JN

EVERY DROP.

Sole Agents: CONNELL BROS. CO., LTD.

MILK HONG KONG & S. CHINA.

The dollar, on demand, closed

to-day at 1/4 94.

The

Co

ENTERTAKE LTD

YOUR SUMMER WEIGHT

WHITE SLIPOVER

THIS WEEK.

China Mail

Est. 1845.

No. 28,723

THE OLDEST-ESTABLISHED NEWSPAPER IN THE FAR EAST

Est. 1845.

HONG KONG, SATURDAY, MAY 12, 1934. PRICE $3.00 Per Month,

LIGHT & COOL.

BERNARDS' OF HARWICH

HONG KONG.

CHATER ROAD,

MORGENTHAU'S INDECISION HOLDS UP U.S. SILVER LEGISLATION DUST CLOUD ON NEW YORK

NATIONALISATION TO BE ABANDONED?

EFFORTS TO KEEP FREE NEW YORK MARKET

SENATORS DRAFT NEW BILL

SPECIAL TO CHINA MAIL.

By Telegraph. Copyright, Telegraphic Messages Ordinance, 1894. Received May 12, 9.11 a.m.}

WASHINGTON, TO-DAY.

THE SENATE SILVER ADVOCATES YESTERDAY CONFER- RED WITH THE TREASURY SECRETARY, MR. HENRY, MORGEN- THAU, AFTER WHICH IT WAS REPORTED THAT MR. MORGEN- THAU RECEDED TO HIS ORIGINAL POSITION THAT LEGISLA TION SHOULD BE ENTIRELY PERMISSIVE.

It is believed that nationalisation might be abandoned in order

to preserve a free silver market in New York.

The silver advocates are scheduled to confer with President Roosevell next week, prior to introducing a new Bill which is report- ed to centre the main points of the proposals made by Senators Borah and Key Pittman.

It will propose, firstly, to establish silver as primary money and a monetary base for specie currency issues.

Secondly, that the Treasury be authorised and directed to purchase silver to establish a metallic reserve of 25 per cent, as a minimum.

Thirdly, that the Treasury be authorised to issue silver cer- tificates for purchased silver.

The President is expected to determine whether the pur- chases will be mandatory, - United Press, per S. C. Gold Bar Co.

AGREEMENT OVER

PHRASEOLOGY:

Morgenthau Changes His Views.

Washington. To-day.

the phraseo- logy of the American Silver Bill a conference be- was reached ut tween the Treasury Secretary, Mr. Henry Morgenthau and the Senate silver advocates,

An agreement on

Me. Maryanthau, according to one of the conferees, consented to a mandatory declaration of policy! that silver be made * monetary base with gold.

He wants fr to submit it to President Roosevelt.

SILVER TO PAY

WAR DEBTS

Foreign Diplomats' Suggestion.

ONLY WAY OF AVOIDING UNIVERSAL DEFAULT

PECIAL TO CHINA MAI

CBR Telegraph, Copyright, Telegra- phic Meranges Ordinance, 1894. Re- ceived May 12, 8.24 min.)

Washington, To-day. President Roosevelt yesterday told the press that he still uppases mandatory silver legislation at this session of Congress.

KING RIDES IN ROTTEN ROW-IN EARLY MORNING

First Time For Many Months

London, To-day.

His Majesty the King was out riding in Rotten Row soon after o'clock yesterday morning. He was in the saddle for about half an hour. It is a long time since His Majesty taken riding

bas exercise in the Row.--British Wireless Service.

ITALY'S ARMY BILL

Efficient Young Officers

Given Chance.

PROMOTION BY SELECTION NOT SENIORITY

Rome. To-day. Aiming at quicker promo- tion for efficient young of ficers, an Army Bill, drafted by order of Signor Mussolini. was tabled in the Italian Chamber of Deputies, yester day. providing compulsory yearly vacations, practically amounting to retirement, of

a large number of officers.

All Captains and Lieuten- ants who have not been pro- moted since the Armistice will be retired within three years - with adequate financial, com-

pensation.

In future, promotion to Captains. Colonels and Gen- erals will be by selection in- stead of by seniority.--Reu-

ter.

GERMAN CONTROL FOR RUBBER

Office Established At Hamburg.

CHECKING MILD BOOM

Berlin, To-day.

AMERICA LEADS

WALKER CUP

ADVANTAGE

ESTABLISHED

WIN 3 OF THE 4 FOURSOMES.

Eight Singles To-day.

London, To-day. America, unbeaten in the Walker Cup series, is leading Britain by 3 matches to 1 as the result of the foursomes, decided yesterday over the historic St. Andrew's

course.

Eight singles matches will con- tlude the contest to-day.

The results were as follow:

{J. Goodman and W. L. Little (U.S.); beat I. Wethered and C. Tolley

8 and 6.

1. McLean- and E. McRuvie (Britain) beat G. Dunlap and F. Oulmet 4 and 2.

G. Moreland and J. Westland (U.S.) beat J. Bentley and E. Fiddian

6 and 5.

M. R. Marylog and H. C. Egan (U.S.) beat M. Scott and S. McKinlay

3 and 2.

Joan Hughes, aged 15, the youngest girl pilot, and Ovid Olt- ley, aged 14, the youngest boy pilot, in the cockpit.ge1⁄4ting ready for a flight from Abridge Aerodrome, Essex-(S, & G.),

HOSPITALS CROWDED

EPIDEMIC

OF SNEEZING AND COUGHING

Cloud 1,500 Miles In Length By 1,000 Miles..

FROM DROUGHT-STRICKEN MIDDLE WEST

New York, To-day. An

enormous dust cloud from the drought- stricken middle west des- cended on New York City yesterday, complete- ly blotting out the sun and hanging over sky- scrapers like a pall,

The cloud brought an epidemic of sneezing and

WAR DEBTS SITUATION coughing, and the hos-

A brocze sprung up after luncheon, BRITAIN'S

and the conditions were not an ideal

as they were over the first 18 holen and when the weather was warm {bright'with a slight bust wind. - The course, however, remained in splen- did condition and played easily.

ONE SIDED GAME

Goodman and Little, who were 8 Jup on Wethered and Tolley at the (end of the morning round, returned in card of 49 for the next twelve: holes to beat the British pair by 8 Although the Americane

and 6.

U.S. CRITICS

ANSWERED

Fallacious Arguments On Budget Surplus.

SIR J. SIMON'S REPLY

SYMPATHY FOR DEBTORS. Roosevelt Willing For Individual Talks.

NO GENERAL CONFERENCE

Washington, To-day.

pitals were crowded with people requiring parti- cles of matter extracted from their throats.

The dust cloud extends for 1,500 miles in length and breadth.

1,000 milles

Reuter.

in

It is authoritatively stated at NO HOPES FOR RAIN

the White House that the United London, To-dry.

States is willing to enter discus Referring to the American crisions in regard to war debt revi- were at one time 10 up, the British ticisms of Britain's budget surplus,sion with individual nations, but pair took the same number of shota the Foreign Secretary, Sir John Si will refuse to join in any general

for the twelve holes.

(Continued on Page 1)

CHRISTIE'S ART SALE

IN LONDON,

Famous Hirsch Brothers Masterpieces Sold.

IN CHICAGO.

$2,000,000 Lost Daily

By Farmers.

mon, in a speech at Manchester, debt conference.

Chicago, To-day. yesterday, said that irresponsible Despite authoritative information

Shifting winds have promised been informed that token payments to bring relief from the dust commentators on the other side of given out that several debtors have the Atlantic had overlooked the will no longer ensure exemption storms, but there is no hopes of fact that their argument, based on from the provisions of the Johnson rain.

Meanwhile, it is estimated the Badger surplus, was entirely Act. President Roosevelt still feels fallacious for two reasons, as far as that the United States has not Inid that the farmer's are losing U.S.- down a rigid policy on this matter. $2,000,000 daily on account of the American debt was concerned.

He has indicated that part pay- the drought. United Press,' Firstly, because that which lay atments will be given full and sym-|per S. C. Gold Bar Co. London, Te-day.

the back of the difficulty in connec-pathetic consideration and that all that such silver should be sccept-ponsible to the Minister of Com-has been taking place at Christie's in ments was not a question as to whe individual merita.---Reuter.

The biggest art sale since 1930 tion with vast international pay-offers will be considered on led at U.S.$1.00 per ouneu,

merce, who will regulate the sup London during this week, at which ther a particular country had a Bud- ef-ply and distribution of rubber, the famous Hirsch Brothers' col- get surplus, but was the injury done

gutta-percha, and rubber waste.lection of masterpieces Was

It is learned that diplomats of debtor nations have suggested that

A new office for the control of very payment in silver be offered as the

only hope of avoiding & universal dealings in rubber has been estab lished at Hamburg under Herr

Tice conferees, including Senator Boral, are optimistic that little controversy is left.-Reuter,

SILVER DULL IN NEW YORK

Buying Orders From An Unknown Source.

STOCKS DOWN FURTHER

default in June, some suggesting Erick Hammersfahr, who is res

The move is believed to be an fort to catch the support of Congressional silver advocates.

(Continued on Page 14.)

the

The control of raw material img

up for auction. ports is necessary owing to the pre- carious foreign currency position,

The sale has realised £100,000. Buyers from all

British Wireless Service.

their

put to world trade and world recovery as STILL HOPE FOR

a whole, if they contemplated the nearly transfer of

enormous quantities parts which they received in goods, but

EFFORT TO BALANCE and thus includes raw materials or of the world were represented.-which they were asked to pay back

the textile, copper, hides and akins, and rubber Industries.

The 1933 value of rubber imports

U.S. BUDGET.

New York, To-day.

The New York silver

was almost featureless yesterday.

market Huge Grant To Recovery amounted to only £1,250,000 at par. 14,000 CAR WORKERS that in relation to national wealth,

Appropriation.

Washington, To-day.

There was some commission house buying, and buying by an unknown source, while selling was Nup- President Roosevelt and his; plied by the trade and banking immediate assistants have agreed Interests,

Lou supplementary appropria- Stock prices declined further, in- tion measure for U.S.$132,000,- dustrials and rails being down 0.73 000 for general recovery funds and 0.82 to 93.18 and 41.70 respec- instead of U.S.$1,500,000 as pre- tively, while utilities and bonds viously contemplated.

President Roosevelt, in order dropped 0.27 to 22.20 and 93.82, reg-- pectively. The commodity index to secure a balanced Budget has declined 0.94 to 53.48.

(Continued on Page 9)

"WE WILL HAVE SILVER LEGISLATION”

SPECIAL TO CHINA MAIL..

Bu Telegraph, Copyright, Telegra-

phie Massages Ordinance, 1804, Re-

ceived Stay 12, 826 am.)

Washington, To-day.

decided that the extra appropria-. tions hitherto voted by Congress must be debited to this fund.- Reuter.

Imports for the first three months of 1934, in anticipation of rubber reached restriction, have already £500,000.-Reuter,

STANLEY BALDWIN

ON BRITAIN.

Public Support Urged For Government.

*A BETTER EMPIRE"

London, To-day, Addressing the Womens' Conser-, vative Association's mass meeting CAR LOADINGS IN U. S. DOWN at the Albert Hall yesterday, Mr.

THIS WEEK

SPECIAL TO CHINA MAIL..

Senator King yesterday stated:ceived May 12, 8,25 a.m.);A "We will have silver legislation

IDLE AT DETROIT.

Buick Factory Closed After "Walk Out.”

- Detroit, To-day. Fourteen thousand motor workers have been thrown idle by the clowing of the Buick Motor Company's fac- tory, at Flint, Michigan, as the result of a "walk out" of 5,000 union employees of the Fisher Body Company which makes bodies for Buick cars. --Reuter,

PALESTINE LOAN INTEREST

London, To-day.

in money.

Secondly, it must be borne in mind:

British taxation last year was at least twice as heavy na the corres- the United ⚫ponding taxation in

States.Reuter.

HERRERA WANTED

· FOR MURDER.

Hunt In New York For Cuban Ex-Minister.

DISARMAMENT

Conference Presidents

Optimism.

ANGLO-FRENCH TALKS END

London, To-day,

p

DROUGHT MENACE TO RECOVERY.

Trade And Industry

Slowed Down.

SPECIAL TO CHINA MAIL' (By_Telegraph, Copyright, Telegra phic Massages Ordinance, 1894, Re- crived May 12, 834 a.m.)

New York, To-day. The New York business experts, |Messrs. Dan and Bradstreet, re- port that the drought in the Middle Mr. Arthur Henderson, Presi-West has slowed up trade and in- Ident of the Disarmament Confer-dustry, but in other sections the received ence left Parks yesterday after forward movement has noon for London following his fa-new impetus. terviews with the French Foreign The New York journal, Minister. M. Barthou, on the Dis-"Annaliet", states that the armament situation.

threatened damage to the wheat out- He said that negotiations would crop complicates the trade continue in an attempt to secure look in which political uncertain- compromise to be submitted to the ties are also confused.

"It is impossible to appraise ac- General Commission of the Disarma- ment Conference, which is moeting curately business until shortly be has been issued for the arrest. of at Geneva on May 29. The Bureau fore the November elections," the on journal declares--United Press, per Alberto Herrera Franchi, better of the Conference would meet known as General Herrera, former May 28 to draw up the programme S.C. Gold Bar Co. Secretary of War for Cuba, on for the general meeting. charge of murder,

Now York, To-day, On the request of the Caban Consul-General bere, a warrant

Stanley Baldwin, in referring to the Disarmament Conference said the only proposals that held the

The charge is presumably based on the allegation that he plotted (By Telegraph, Copyright, Telegra-field to-day were those of the Bri-

In the House of Commons yes, with ex-President Machado and nhle Messages Ordinance, 1884, Hetish Government for the limitation

| of ~ armaments. Whether they terday, a resolution authorising others to cause the police to fire New York, To-day. would succeed or not it was in the Treasury to guarantee the on the crowds who were celebra- to the effect that it is the. United Car loadings in the United possible to say,

principle and interest of a loan, ting the false report that Macha- His recent statement in the not exceeding £2,000,000, to be do had resigned. Blates policy to maintain gold, and States for this week were 604,205

Government of Franchi is missing and a search sliver an monetary stocks."---| tons; as, compared with 608,654 House of Commons on behalf of raised by the

› agreed.—British throughout the city da progressing, United Press, per 5.C. Gold Baritons last week-United States, per the Government stood, namely that Palentine

-Reuter Wireless Bervice, [Continued on page 8.) Co,

B. C. Gold Bar Do,

驴

Mr. Henderson expressed the view that as long as the Conference con- tinued there were atfil hopes.-Bri- tah Wireless. Service:

WEATHER FORECAST

SIR EDWARD ELGAR LEAVES £13,434

London, To-day, The will of the late Bir Edward Elgar, the famous composer, and

Cloudy, with occasional rain, the, Master of the King's Munie, and moderate east winds was the was proved yesterday with estate weather forecast issued by the valued at £13,934-British Wire Royal Observatory this morning. lest Service,