GOLD CLAUSE DECISION
(Continued From Page 1)
$2,800,000,000 MADE
He added that, according to the majority decision, Congress was without power to repudiate, its
GOVERNMENT.
COMPLETELY
SUSTAINED
(Continued from Page 1).
While resident Roosevelt with- gold obligations in its own bonds held comment, relation was evid- but could not be compelled to pay ent among his advisors, both in in devalued dollars the value of Congress and in the Administra- the gold called. They were told tion offices.
that the Government made from In summarising the decision of} its. transactions U.S.$2,800,000,- the Supreme Court, they say 000 which were now reposing in the Treasury.
"We are not concerned with the consequences in the sense that the
The Administration has decided consequences, however serious, may! that no legislation is necessary.
ROOSEVELT KETICENT
cxcuse an invasion on constitutional rights, We are concerned with the
President Roosevelt kept in tele-constitutional power of Congress
THE CHINA MAIL, TUESDAY, FEBRUARY 19, 1935
The great Zambesi, bridge, trom Murtaen, on, the” Portuguese” side, to phone conversation with the Capi- over the monetary system and its Chindio, Nyasaland, the longest continuous over-water bridge in the world, tol while the decisions were being attempted frustration. Exercising 2% miles from shore to shore. announced, but reserved comment that power, Congress has undertaken
until he has read the text of the to establish a uniform currency and
Judgment.
by
parity between kinds of currency,
Mr. Homer S. Cummings the At. and to make that currency dollar AMERICA AND WORLD Building and Engineering
torney General, expressed satisface of debts. In the light of abundant
tion at the decision,
for dollár legal tender for payment experience Congress is entitled to Mr. Robert Doughton, Chair-1
choose man of the House of Represents- ayatem and reject a dual system,
Auch
uniform currency "The decision with respect to all obligations
· tiven,, declared: means that what the Government within the range of the exercise of did might not have been absolute-Constitutional authority. The con- ly legal. but it was" right."
INTERPERED WITH CONGRESS
Washington, later.
A uniform
COURT
Hopes That She May Soon Become Member
ALL REAL OBJECTIONS NOW SWEPT AWAY
(By Hebe Spaull)
OLD AND FAMOUS
FRENCH FIRM
Normand's, Engineers And Shipbuilders
FOUNDED 206 YEARS AGO
When Sir William White, on Au- gust 20, 1911, spoke on behalf of the Institution of Naval Architects at the inauguration of the monu- meat erected at Havre
to the famous naval constructor, Jacques Augustin. Normand, 1889-1906, be said that Normand was the name of a firm famous among ship- builders, and one which had made a great reputation throughout two centuries by his predecessors for skill, good workmanships. and faithful,performance of all bunt ness obligations which they had, (undertaken. The name of Nor-
mand had, indeed, become
for all the qualities cs. synonym
DEVELOPMENTS AT sential to such a reputation.
HASTINGS
Anti Glare Pavement
For New Pier
UNDER GROUND CAR-PARKS AND TWO-DECK PARADE.
n
Founding Of The First Twenty-eight years have passed since Jacques-Augustin Normand died, and no fewer than 206 years
HONG KONG MARKET PRODUCE
APPROXIMATE RETAIL PRICES,
Feb., 16,
POULTRY.
Jb.
Chicken Capons, Small.
Large
Duck. Daves
1036 1918
Ota. Cta
04:30
1.60 28. 54 28
Feb. 10, Feb.
· 1918-1998
Ctal Otu.
BUTCHER MEAT.
Beef Sirloin
"
Prime Cut.
FL
40 20
H
each 35
22
18
Eggs, Hen (cooking) per doz, 30 Erg, Hen (fresh) Fowl, Hainane!
Canton
Geese Pigeons, Canton
Turkeya, Cock
Snipe.. Pheasant Quail Partridge
Halbow
Hen
Corned Roast Breast
Soup
Steak
Steak Sirloin Sausages
b. 30 24
30
.35
24
26.
82
60
Bullock's Brains
per-set 17
42 each. 45 80. 36, 20
Tongue, fresh
each
2,00
1 66
60 61
.
Feel Kidneys Tail
rach 18
pair 1.60 2.20 sach, 18
each 75
15
Head
Heart
Korned
Hump, Salt
each 10
འད སྐྱེ པ མའྲ རཀྨོ ། རྐུབཿ
"ver
"Tripe
·Calves' Head & Feet · kot 1.80 1.00 Mutton
44 26
Saddle Braina
per set 10
FRUITS.
Almonds
Ib. 40
Apples (California) Валенав
(bride's)
.11
D
21
Chip Leg Shoulder
ench 12
Ib
10
Pig's Chitlings
each
19
Fest
Jb. 1.20
Fry
Hoad
11
Kidneys
Carambola Cocopats Lemons, China moes, Dried
Licheen
Americas
(Canton)
since his forbear, Francois NorfSK (Sweet).
Pears (Canton) Oranges. (America). Persimmons, Large
Stam
Artichokes Beans, Sprout
VEGETABLES
tention that the Gold Clauses are
mand, 1697-1772, began building valid in, contracts and cannot be
ships at Honfleur. It was Augus The Chief Justice in delivering sumption that private parties and struck down proceeds from the as-,
tin Normand, 1792-1871, the son of judgment opined that the gold States' municipalities may make and
¡Joseph-Augustin Normand, 1755.
Walnu clauses
1838, who first began building ships Grapes interfered with the
enforce contracts which may limilerbial slip 'twixt the cup use of de holiday, but future visie Chapters et Atellers Augustin NLESS there is the pro- is one of the minor inconveniences founder of the world-famous firm The glare of the sun on the eyes at Havre, and thus became the exertion of the power granted to that authority. Congress to establish currency and parity between the sumption the facts must be faced, hope to see the United States a should be spared this trouble when have come a long succession of not- Dismissing that untenable as and the lip, we may confidently tors to Hastings and St. Leonards Normand, from the works of which kinds of currency and to make that We think it is clearly shown that Member of the World Court be-l currency, dollar for dollar, legal the Gold Clauses interfere with the
Ifore very long.
a new promenade, for which plans able vessels. tender for the payment of debts,
have been approved, Is built. For As a matter of fact this is not exertion of the power granted to
There have been few French The Court, however, took a dif
it ia to be paved with black and wars during the last two centuries the first time that America's entry! Congress and, certainly, it is not ferent view where the Government's established that Congress had arbi- into the Court has seemed & cere which arrangement, it has been taken a part, and as constructors white diamond-shaped stones, in which. Normand vessels have not own bonds were concerned; in this
United States made a move to join the glare.
proved, does much to do away with of torpedo craft and submarines
casu, said the Chief Justice, these or capriciously decided that gold clauses were intended to afford such interference existed."
a definite standard of measure of
value and thus protect against de GOVERNMENT WIN preciation of currency by the pay- ment of a lesser value than that subscribed,
Nevertheless the Court proceed ed to nullify the effect of this opinion by ruling that Government! bond holders may not sue the Gov- ernment.
The value of United States honds
Canadian Financiers Satisfied
FAVOURED
$500,000 Passes In Bets On Result
Washington, To-day.
In expectation of the Gold Clauee
1926 the tainty. As far buck as
Was
the Court but the attempt. failed
the firm has few rivals. The ear jowing to disagreement about ‘Ad-
Over four million pounds havejly ships built at Honflour were, of visory Opinions America
been spent since the war on the Im-course, sailing vessels, but in 1829 afraid that the Council of the provement of this town's amenities, Augustin Normand built his Arst League, (on which, being a non- and recent visitors will be acquaint steam vessel, and about twelve Member, America of course is not ed with the improved promenade years later, in collaboration with represented), might ask the Court and underground car park which the English marine engineer John To give an opinion in regard to cars, which has been already built Napoleon, which attained a record provides accommodation for 600 Barnes, he built the screw ship matter in which America concerned.
[partly on land reclaimed from the speed of 12 knots.
was
SER.
muve
Double-deck Parade
Fifty years later Jacques-Au- gustin Normand built the historie 995 attained a speed of 31 knots, torpedo-boat Forban, which In
another record.
Long •***** Beet Root, Brinjale, Green
Red
Cabbage, Chinese Cauliflower (Large)
Carrota Celery, Chinese, Chillies, Dried Red.
ench
each
*RRASH
Liver Parks Chop
Lion
Leg
Fat or Lard.
དབྱེ རྫ ༤ མཐ བ ལྟ སྐ་
sach
Sheep's Head & Feet per ser
Heart... Kidrags Liver Bucking Pige
order Suet, Boet
Barbel
Bream
-Canton Fresh
Buet, Beef
Mutton
Veal
Sausages.
(Shanghai)
(Medium) (Small)
each
No. 1
FISH.
"
.6.
18 10
Water Fish
25
Godfish
24, 16
Crabu
10
B
Cattle Fish
10
8
Dance
18
Eela, Conger
Frogs
Caroupa
8 Gudegon
Herrings
1
Green
Carry Stuff, English Cinger, Young
Cucumbers Garlic
Old... Horseradish, S'hai Indian Corn Lettuce Okrous Onions. Bombay
Green... Shanghai
Pureley ←
Potato, aweet
17
Pumpkin Radish
Japanese American
(Long)
Marrow
Phubarb (Fresh)' Turnips, Punti
Water Lily Root. Vegetable Le Water Cress
Mush Room
bunch
40. 60
Yellow
Halibut
Lobster
Mackerel
Oystera
Mallet
Pearch
Fike
Plaice
Pomfret, White Pomfret, Black
Prawns
Roach
Salmon
Shark.
Skate
15
Shrimps
Tonch
Turtles
Small. Fresh water
Soles
JA S
lb.
~ SNK-BASSYOREENBATNESS-A chakuë. Në Dub**** C**888*8OMERHHUASAASSAUMUSK88848-
lb. 28
288 ****82628228128998A*8888|||GAPROS5|948798 NAAñá|| 28. ¡48822og8-0-8-----888-883-SIN -
Three years later n.new was made by. President Hoover. A containing the Gold Clause is ap-case decision a crowd collected be special. League committee had been proximately U.S.$48,100,000,000 and fore the Supreme Court early yes set up to revise the Statute of the double-deck parade extending ap The new promenade will comprise that of private bonds U.S.$51,900, Lerday morning, which grow hour Court and this committee was ask-proximately one mile from Hastinge 000,000.-Reuter.
by hour,
Movie cameras, for the ed to produce a formula by which Pier to St. Leonards Pier, and the
Notable Ships Built first time in history, were set up President: Hoover's proposal for scheme provides for the construc
But these are only a few of the before the building and extra police United States membership might tion of further underground carmany notable vessels built and en- were drafted to keep the crowd in meet with order.
general acceptance. parke with accommodation for an-gined at Havre, some of which are The fact that several personal the accession of the United States parks will be close to Hastings pier
Accordingly a draft Protocol for other 600 cars. On of the new ar referred to in an interesting illus Ottawa, Canada, To-day.
friends of the Justices appeared at was prepared and was duly adopted and the White Rock Pavilion, in Havre, recently published by the
trated brochure, Chantiers Financial circles are satisfied the Court armed with letters au-by the Tenth. Assembly,
¡Ateliers Augustin-Normand, with the United States gold clause thorising admission, was taken as By June 1932 this Protocol had considered to be the most wonder which General Higgins, led what he decision.
an indication that a decision was been ratified by, thirty-seven States, ful of his series of seaside Meetings Of later years the firm has be- Freed from the cloud of uncer practically certain. tainty, the Canadian share A New York bettng house was Government, and ratification by between Warrior Square and Un-
It was signed by the United States in 1933. The other car park will come known for its development of Tomatoes markets awung upward, both gold offering 2% to 1 in favour of thei
the Normand boiler, for the con- shares and industrials sharing in Government, and handled $500,000)
the Senate was urged. But dereliff. Alcove shelters with mov
struction of marine Diesel engines the advance.
180 in bets this morning-Reuter.
for ratification has been able glass screens to provide shelter and of craft for a variety of pur- Some grins were later lost
withheld. The composition of the in wet weather are to be built on poses, the high traditions of the through profit-taking, but there!
Senate has, however, recently the lower promenade. All the work past being maintained by the three were general advances shown on
undergone certain changes an a re- is to be carried out in reinforced son of Jacques-Augustín · Nér. the day's trading over a wide list.
ault of the Congressional elections, concrete.
mand, Augustin, Paul and Francois Silicon Steel Makes. For construction by fabricated steel, and there seems reasons to stippose Work has also been begun on the the direct descendants of Francois
Normand of Honfleur-Engineer-}, ing.
In response to advances in the Chicago wheat pit, wheat on the Winnipeg grain market rose 14 cents, but reacted to half a cent pér bushel gain--Reuter,
RUSH OF BUYING RESULTS
Trading Facilities Overwhelmed
New York, To-day,
A rush of buying, which over- whelmed trading facilities, follow- ed the Gold Clause case decision,¦ the Stock Market turning very! active and very strong...
the
two
TRANS-ATLANTIC STOCKS SOAR
Gold Clause Decisional, will not prove sufficiently ment as an airport, and it is pro- that the opposition, though still,280 acres eet aside for the develop Affects Markets powerful to prevent ratification this bable that the first stage, a landing. time. Not only so; but since the suitable for dealing with London, To-day. matter was last raised in the Senate ground for light aeroplanes, will be Sutlefaction was shown in the the United States has become a ready by next summer. street market last night at the Member of the League's Inter Improvements to the New Palace
gold clause decision of the United national Labour Organisation and Pier are also being considered, and declared the action of administra-opposing entry to the Court because Channe! traffic may be added to dealer, dhe Supreme Court having she has, therefore, no grounds, for it is possible that a conceret jetty tion to be not unconstitutional. All it is associated with the League of other improvements, to trans-Atlantic stocks were sharply Nations.
co £120,600. advanced, while mines also showed. gains-British Wireless Service.
CHICAGO BOARD OF TRADE
STOPS TRADING
Rals and mining issues were in Chicago, To-day-The Chicago
forefront.
Gains of one to Board of Trade yesterday stopped points predominated. but trading at 12.15 p.m., until further Atchison. Topeka and Santa Fenotice, Reuter. Railway soared 9 points before re- acting partially.
Homestake Mining went up 16 GENEROUS REWARD
points, and U.S. Smelting and Du Pont both rose four points.-Reu- ,ter..
MEANING OF GOLD" DECISION
"No Collecting On Old
Gold Bond Basis
Windfall For French Couple
SEA SCOUTS TO GIVE NICARAGUAN CANAL
CONCERT
PROJECT REVIVED
U.S. War Secretary Scouts Idea
Attractive Programme Arranged For Saturday
With the object of raising funde (for the 1st Hong Kong Sea Scouts Troop, and increasing the popularity of the Sen Scouts as a vehicle-for
PANAMA WATERWAY GOOD
FOR LONG TIME YET":
the instruction and amusement of The United States Secretary of ranged and will take place on Satur-night ago entered the discussion our Youth, a Concert had been ar-War, Mr. George Hi Derna fort day, at the Seamen's Institute, the on the projected Nicaraguan Canal Headquarters, of the Troop. com- sponsored by Congressman Carf Paris, Feb. 7. mencing at 8.80 p.m...
Vinson of Georgia, saying he sĹW The sum of 110,000 francs has. In addition to several items by no need for such a canal at the been presented to the Freanch the Scouts themselves, many well present time. peasant couple of the tiny village known local Artists are giving their The Panama Canal seems to be of Ainval Botron, near Amiens, assistance. Mrs. Bruce Wilson, doing well enough to care who found the precious gold bara, Messra. W. J. T. Phelps, W. H. everything," Mr. Dern dryly re- which fell from the British aero. Billing and L. W. Peckham are con marked while discussing the Nicar plane on the Paris-London route. tributing vocal Items, Miss I. Phelps aguan project. While, it was held that, accord- The reward was given by the and Mr Moran will play on the Mr. Vinson, In discussing his ing to yesterday's decision, the British owners of the plane. The planp and violin respectively, while measure, has stressed, its strategic Government must pay off its own aged couple, who received the re- Mr. G. H. Ash, an increasingly po value to the United States, bonds in golder an equivalent ward, have up to now lived in pular humourist will also appear. amount in devalued currency, an- very straitened circumstances. The second appearance of the Girls Claude Swanson, asked to
The Secretary) of the other ruling, that the Court of Three villagers, who assisted, in Glee Claims had no furisdiction over the digging, received a reward of Male Voice Party
on the project, recently
did not believe such such cases, was interpreted as mean- 2,000 francs each, while another items: Miss ing that it would be impossible for 2,000% francs were given to the py Bartlett and
onld be necessary, for pholders of Federal Bonds to collect poor of the village by the British be
on the old Gold basis-Reuter company,
3lent progri
Washington, To-day,
"and of"
Byang
and an "excel·
Jeast
po
firm.
Spinach
one of the TURBO ALTERNATORS
BRITAIN'S POSITION IN ELECTRICITY
Efficiency
FABRICATED STEEL INSTEAD OF CAST IRON
jeut by gas flame and electrically
welded.
Improved efficiency has resulted from the use of very high grade Silicon steel for stator punchings and the consequent amaller One of the recent and outstand-quantity of, ventilating air requir ing developments in British turbo-ed, together with Improvements' 'In Said To Have Captured alternator construction is the dis-methods of rotor ventilation and.. Lead From Germany placement of cast iron in stator the resulting elimination of ex
The progress that has been made
ternal faris, have jointly resulted lua marked reduction in the gen. eral mechanical dimensions of high
in lighting and traffic signalling la first or at least equal place would speed alternators. only one phase of the great techni-have been assigned to Germany, but Stabilized exciters, consisting of which has been made in Great Bri- anti-machine philosophy, that is no common frame are becoming stan cal progress in electrical plant partly as the result of the Nazi main exciter and pilot exciter in a
tain during the world depression, longer so. It is said, on what may dard practice on all large ma
Great Britain to-day is the most be taken as sound international au- chines. favourably situated of all the coun; thority, that actual production costs introduced in automatic voltage re- Improvements have bean tries in the world as regards the of electrical, plant, are definitely gulators to provide the quick re¬' application of science and skill to higher in Germany than in England'aponsé 'characteristics essential in industry. Until recently perhaps in spite of the lower German wages, large supply systems
China Emporium Ltd.
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