1940-05-04 — Page 11

THE CHINA MAIL, MAY 4, 1940.

AMERICA'S GOLD TO REPAIR WAR RAVAGES

New York, To-day. ADDRESSING A POLITICAL meeting yesterday, Mr. Henry Morgenthau, Secretary of Treasury, stated that America's $186,000,000,000 gold. stock ought to be used to help repair the world- wide ravages of war when peace was restored. Upholding the Administration's huge gold purchases, Mr. Morgenthau said: “We can feel entirely comfortable in possession of a supply of gold with which we can meet future demands upon our monetary system without a shock to our economy.

"We can be prepared also to play the part we ought to play in the reconstruction of the world that must follow the senseless destruction of war."

VON PAPEN BUYS BEANS FOR LUNCH

of."

(Continued from Page 10)

RIBBENTROP'S SISTER

There are other Germans of some note in Ankara. If you see a tall, elegant, grey-haired lady standing in the main Chankaya boulevard calling "Bobbie! Bobbie!" to a wire-haired terrier, it will be Herr von Ribben- trop's sister, Frau Jenke.

Hinting that America's $14,000,000,- 000 War Debts would not be collected, Mr. Morgenthau remarked it was doubtful if Americans would want to repeat that experience.

"I prefer gold to pieces of foreign paper. Because of its huge gold back- ing the United States dollar is soundest currency unit in the world."

the

Mr. Morgenthau described Ger- man and other attempts to substitute trade by barter for gold-regulated free exchange as the worse of alter- natives chosen only through lack of gold and not because of distrust of gold.

Only possible threat to the future value of gold, he thought, was the emergence of one or two dictators rul- Her little boy, I am told, is a typi-ing most of the world, but he did not cal blond Rhinelander, like his fear that would ever happen.-Reuter. mother, though his father is a Ger-

man who was born in Constantinople, LESSONS OF

as it was then called.

Herr Jenike used to be a shipping agent in Istanbul, but when the war started his all-powerful brother-in- law gave him the post of Commer- cial Attache at the German Em- bassy In Ankara, with the local rank of Minister, which makes him the third man on Von Papen's staff.

The Jenkes have taken the former

Norwegian Legation as their private residence, and Herr von Ribbentrop's sister has done its internal decora- tion with, I am told, great taste and skill-showing a predilection for Eng- lish chintzes. Everyone who knows her speaks of her charm, and she cer- tainly has much distinction of bear- ing.

I am sure to see Von Papen at the annual ball of the Turkish Press. As a journalist, I would like to have a talk with him, just to see what he would say. As a British subject, I can't. It would be trading ideas with the enemy,

ARTILLERY IN ACTION WEST OF VOSGES

Paris, To-day,

of

The evening communique G.H.Q. states: During the day our ar- tillery was in action in the region west of the Vosges.-Reuter.

THE WAR

Washington, To-day. that all possible technical improve- President Roosevelt yesterday stated ments in both offensive and defensive the United States. weapons were now being studied in

to a question at his press conference The statement was made in reply

Secretary of Navy Edison that war- regarding the recent proposal by

greater protection from bombing. ships should be re-designed to afford

Reuter.

FRENCH SUBMARINE TORPEDOES U-BOAT

Paris, To-day.

The French Navy has listed another success by one of its submarines.

While on patrol in the North Sea, the submarine met a Nazi U-boat and torpedoed it.

war

So far as is known, this has only been done once before in this when a British submarine torpedoed a U-boat--Reuter.

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AT THE

Parisian Grill

Bince the Invasion of the Scandinavian countries by the Germa many Danish and Norwegian ships have, found" "their": ports. The oraws dally Tallow the war news from that parb ofật Photo-showe The Chief Offföer."'3. Padersen, pointing to ⠀ map aboard the "Altair","\(Copyright, Fox).

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