1935-02-19 — Page 1

Carnation

Carnation

"From Contented Cow"

THERE'S CREAM

IN

EVERY DROP

Sole Agenta: CONNELL BROS. CO., LTD.

MILK HONG KONG '&...S. CHINA

The dollar, on demand, elas to-day at 1/9 5-8.)

The

Library, Suprem

FINAL EDITION

China Mail

Bat. 1845):

Hel 1845.

THE OLDEST ESTABLISHED NEWSPAPER IN THE FAR EAST

No. 28,962 HONG KONG, TUESDAY, FEBRUARY 19, 1935. PRICE $3.00 Per Month

BEAUTIFUL

JOSEPHINE C GOWNS

For The Early Spring

PAUL RENNET et CIE

190, Nathan Rd.

Kowloon.

GOLD CLAUSE DECISION GIVES "NEW DEAL" ANOTHER TRIUMPH

GOVERNMENT VICTORY PARTIAL.

PRIVATE

WINS

SSUES BUT IT

LOSES FEDERAL BOND CASES

BRITISH PRESS

"SEES TRIUMPH FOR

ROOSEVELT DOLLAR

ASSURANCE OF STABILITY

CONGRESS TO REGULATE CURRENCY

IN EACH CASE UPHELD BY 5 TO

MAJORITY IN COURT

LONG VIEW IN U. S. CAUSES "CONSTITUTION IS GONE”

UNEASINESS IN BRITAIN

i

London, To-day.

The Gold Clause decision is the

WASHINGTON, TO-DAY.

Ruccess yesterday, by' half a length (King's Studio),

LIBERTY BAY WINS, BUT NO BACKERS!

JOCKEY CLUB STEWARDS

SET PRECEDENT

DUNBAR CRACK DEBARRED FROM

PARIMUTUEL BETTING

"Rapier")

For the first time in the history of racing in Hong Kong, the Stewards of the Jockey Club found it necessary to put up a notice to-day de- barring a favourite from participating in the pari-mutuel betting.

Bir Philip Sassoon leading in Herof (Mr. W. H. 8.. Davis) after his Derby THE GOVERNMENT WON THE GOLD premier news story in the British CLAUSE DECISION. THE VICTORY IS ONLY

press,

all the morning papers con- PARTIAL. IT WINS AS REGARDS PRIVATE ceding it to be in effect a victory ISSUES, BUT LOSES IN FEDERAL BOND for the Roosevelt dollar, and papers CASES.

like the "Financial Times" observe

The Government has won all along the line re-

that the greatest benefit it confers garding private bonds, State and municipal gold

on the community is the assurance contracts. In each case the court upheld, by 5 to of stability.

The "Daily Telegraph" re marks that the Court's declara- tion amounts to saying that the

4 votes, the right of Congress to regulate the cur-

rency.

The majority consisted of justices Hughes, Stone, Brandeis, Gold Clause is unconstitutional Roberts and Cardozo, and the minority of Justices McReynolds, but valid and its City editor re Van Devanter, Sutherland and Butler, ports that businessmeni regret that the Court has not maintain- ed the sancity of contract.

GOVERNMENT

COMPLETELY

Declaring the constitution is |gone,” Justice MèReynolds pre-{ sented views dissentient from the other judges, criticising the majority of the judges for say-

SUSTAINED ing in one breath that, Congress

Door To Recovery Of Damages Closed

The "Morning Post," however, opines that the Administration may perhaps fairly claim to have vindicated themselves against the charge of violating the sancity of contracts, though its City editor says at a later period that, should President. Roosevelt's programmé not fulfil expectations, or if to the gold bondholders' loss of rights should be added greatly increased taxation, as a result of the lavish national expenditure. the decision may yet have far- reaching consequences. It is the The New Deal scored a major

ROOSEVELT'S ADVISERS ELATED

Washington, To-day.

had no power to repudiate the

The finish of the Derby getterday, showing Mr. Hem's Herod (Mr. Davis), winning by half a length from Rose-Quees (Mr. Needs) (King's Studio

gold bond obligations and at the same time reaching the conclu-Safe sion that because the Govern- ment bondholder cannot accept gold he must accept a 60 per cent legal tender dollar for each gold dollar the Government promised to pay.

(Continued on Page 7)

R.A.F. PILOT'S PRESENCE OF MIND SAVES DISASTER

Landing Made After Bombing Plane Bursts Into Flames

London, to-day. The skill and coolness of Flight-Lieutenant Murison yes-. torday saved the lives of him- self and two passengers when,

flames during, a' flight near. Ramsgate, Murison turned the machine into the wind and made a safe landing, 'no · one being huri.-British Wireless Service.

long view of the situation in the victory in the Gold Clause cases EFFECT OF DECISION his bombing machine burst into

United States which gives con-

siderable concern to financial cir- when the Supreme Court complete-| eles in Britain, the journal con-ly sustained the Government in res cludes. Reuter.,

Washington, To-day. The effect of the Gold Clause dé-

FOREIGN POWER

ALLEGED BEHIND

RECENT PIRACIES

The favourite in question was Mr. L. Dun- bar's Liberty Bay, which started in the Exchange Stakes, over a mile and a quarter. In his absence King's Fancy was favourite and paid a win divi- dend of $9.20 and a place dividend of $5.10. Sad- ko's place paid $5.10. ⠀⠀

A new record was set in the Coral Plate when Mr. E. 8. K's Bobniak Star ridden. by. Mr. D. S. Li, burnt up the track to clip two and a fifth seconds off Saucy Face's 1934 mark for six fur- longs.

At tin Mr. Eu Tong-sen's Rose Ann (Mr.Needa) was a firm favourite for the Rooty Hill Derby this afternoon, though Cold Morning, on his fine showing yesterday, is conceded a very good chance. The Bean Goose (Mr. Frost) is expected to be in the running, while Derby Day's chances are almost dependent on what sort of a start he gets

BOBNIAK STAR SETS NEW MARK

Perfect weather favoured the the start and maintained their opening of the third day of the positions up to the Rock, where Annual Race Meeting-to-day, and Invincible Knight, followed close- a large crowd was present whenly by The Deemster, made his big [18, ponies got away to a fair effort. The finish was » a: close start in the Kalgan Plate, one, Invincible Knight, the fa EXCUSE FOR NAVAL Strathnairn, Bold Major, and vourite, staving off The Deens

High Principle were in front from ter's last-minute effort to secure

VESSELS IN SOUTH

CHINA WATERS

AMOY AUTHORITIES REVEAL PLOT

[From Our Own Correspondent]

Canton, To-day.

HAVE YOU WON?

Race 1

No. 1271:

216 →771.

$744.80 212.80

105.40-

a half length verdict. Bold Major took the third place in front of

High Principle.

Dvice!

MISTAKE BAY WINS AT LAST Mr. Frost recorded his eighth. win of the meeting when hé brought home Mistake Bay, the Derby disappointment, but a fa- vourite to-day, in the Tientsin Stakes. He rode a, well judged race, allowing Tammany Hall, Unplaced runners ($25 each), Ythan and High Honour to make

the pace up to the Rock.

Honour was second, High barely holding out against Sol- dier of Victory's fine finishing burst, while Ythan was $889.80

a good [fourth.

BOBNIAK STAR'S RECORD Saucy Face thr Phh), a hột Unplaced runners ($25 each, favourite, was beaten into fifth Nos.: 1764, 1196, 1843, 1007, 1191,place in the Coral Plate which saw

A special dispatch from Amoy to la local official paper states that cer. Itain foreigners, acting under

instructions from their home Nos. 1435, 1788, 1074, 1272, 1705, MRS. HAUPTMANN'S Chinese pirates along the Fukien 959, 1197, 1667.

covernment, are conspiring with 818, 1080, 1324, 1549, 1502, 889,

and Kwangtung' const in order to APPEAL

harass the coast and shipping so as No. 677 to have an excuse to send foreign

pect of private Gold Bonds and, al-cision, given yesterday, is to vali though it held invalid" the abroga-date the Act of Congress suspend- GREAT MORAL tion of the Gold Clause in regarding gold payments in respect of

to Government Bonds, it has up-gold clauses.

private obligations containing the EFFECT

parently closed the door to re- Announcing the decision, Chief Newspaper Comment In covery of damages by saying that Justice Hughes stated that the

New York

such Bond holders could not sue Court was not, concerned with the

wisdom of, the law question, but New Jersey Governor No for redress.

that the question was one of power

Power Of Pardon The New York Tinies in a Gold ers of Gold Certificates, had not

The Court also ruled that hold-fand not politics.Reuter. editorial states: "Though it

HOFFMAN'S SYMPATHY could have been wished that the the Devaluation Act merely car-

legal cause for complaint, since 100 BELIEVED DEAD decision had been more nearly ried out the power vested in

IN STORM unanimous, it will go to the peoCongress to regulate currency.. ple as a conscientious judgment

TRAGEDY AT SEA NEAR FOOCHOW

New York, To-day.

of men and noteworthy of the independence of public spirit.

(Continued on:Page 7)

Their courage best seen in PIRACY RUMOURS their decision against the Gov- ernment in this matter of re- fusing to carry out their own obligations.

"No one in office will care after this to undertake to play fast and loose with national honour while, knowing that the Supreme Court is there ready to rebuke him and undo his work. The (Continued on Page 12)

TRADE AGREEMENT

UNFOUNDED

Junk Celebrations Misinterpreted

Shanghai, to-day. According to the Chinese press, more than 100 passengers and crew, of the small passenger boat Fulung are believed to have been drowned when the vessel was wrecked and sunk during a terrific storm near Reports concerning a pirienkong, to the North of Foochow ated ship to the ald of which

at noon yesterday.

H.M.S. Diamond was alleged to have rushed yesterday were officially denied, this morning.

Only one survivor is reported to have been picked up...

The ship plied between Foochyw and Lienkong and carried 88 passen According to a wireless mes-gers at the time of the mishap

Between Belgium And sage received by the Naval Au- Routarime o

Irish Free State

thorities from H.M.S.Diana,

which is on patrol duty, the rockets stated to have been, fired

WEATHER FORECAST

Brussels, to day. by a distressed vessel were mere A moderate anticyclone is centred A trade agreement was reachedly Chinese candles fired from a over the Eastern Sea; It le moving yesterday between Belgium and the Chinese Junk in celebration of slowly feast There are indica- Irish Free State, by which Belgium some event.

tion

lo assured of her market in the H.M.S. Diamond did not leave Tor Free State, while guarantees are Hong Kong. Her men were. provided to the Free State for the called in case it was found néces export of agricultural, produce to sary to augment the patrol. This

however, was not carried outsi

Belgium

Reu

Trenton, New Jersey. Governor Hoffman, replying. to a cable from Hauptmann's mother from Kamenz, Saxony," pleading for clemency in prison says, "we deeply sympathise with you. Your son's case la 'to be carried to the Court of Appeals. The Governor of New Jenicy at present hus no power of pardon. I shall." sit as a member of the Court of Pardons that may finally hear__ this case and cannot express an opinion until then."Reu- ter:

bluejackets landing parties along

the South China cosat.

1

812

#

1616

No. 234

Race Z

289.80 119.90

track mark of 1.17.2, which shatter- ed. Saucy Face's 1994 record by two and one-fifth seconds!

These foreigners and their sea 1155, 1767, 1629, 341, 1051, 1126, Bobniak Star (Mr. Li) set a new rover allies recently held a meeting 240, 769. on one of the islands off Amoy, When the pirates raid merchant ships, men-of-war from u certain foreign Power will steam to South China to protect their nationals."| (Continued on Page 12)

$12,000,000 SENT TO CHUNGKING

Largest Shipment From Shanghai

Shanghal, To-day.

One of the largest Individani shipments of silver and bank notes

2002 296

Race d

$952

272 136

Mount Pilatus, Bobniak Star, Saucy Face, and Bronze Era were Unplaced runners (850 each), out of the gate like greased light Nos. 1484, 2158, 2054, 2081, 182, ning. At the Rock the field began 1500.

to string out, Bobniak Star burning up the track with Night Star (Mr. $1169.70 Butler) pluckily holding on * with 884.20. Mount Pilatus (Mr. Frost) on her 167.10. tail. They finished in this order Unplaced runners ($50 each), with Atlas (Mr. Sun) fourth and Nos. 1788, 2154

Saucy Face fifth pen

(Continued on Page 4)

Race 4

No. 679

"

268 1698

-Race 5

No. 2882 :7 7 302

$1045.10

298.60 149.800

Unplaced runners ($50 each),

ever to leave Shanghal is being Nos.: 1074, 2288, 1942, 958, 740, dispatched to Chungking to-day by 2326, 199,

STOP

PRESS Daily News

the Customs Cruiser Wenling, according to the "North China.

The shipment totals $12,000,000, comprising $10,000,000 in botes

Race Sped

No. 2572

$1716,40

Race 5

2048 2800

490.40

122.60

No.1870 2276 242

$1582

3775

192.60

452: - Unplaced runners 3-|(850::

Nos. 2770 183, 1561, 411, 1955,

Unplaced runners (350 each), 1001, 1, 481, 2669, 1884, 1909, and 32,000,000 in bar silver and Nos. 2088, 24, 8081, 1449, 25985, dollars

forming over

cast for Boyal Ob

C. Fincher (24):65)

for 2-dec

2050, 2101, 2004. The money is intended for the new branch of the Central Bank there

also designated the Activities of the Bay

mant in Szechuan.

A Race 7

No, 2051

$1772,40

2915

08.40

$1778

463258,209

Rece

No, 1220

$1766,107

1189

504.80

142)

$252.20

Unp

ced / runners" ($50"; each),

Unplacedzárunners - ($50 each); Non; 8105, 8487, 1199, 2446, 8123,

#88577-19017 2829-1875 8410,