1926-10-28 — Page 2

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MANCHURIA

SUMMER HOLIDAY

BESORTS

d

INTERNATIONAL SILVER MARKET,

AMERICAN BANK'S- COMMENT,

TENDENCY LIKELY TO BE DOWNWARD.

THURSDAY, OCTOBER 28TH, 1928

MONEY-GRUBBING “IN MEDICINE.

ROYAL PHYSICIAN ON CULTS AND * STUNTS.”

AGE OF QUACKERY,

The possible effects on silver of the The success of unqualified” medical Indian Currency Commission's proposals men and the advance of quackery" for ultimately placing India, on a gold were discussed by distinguished doctors." bullion basis are reviewed by George E. Sir Humphry Rolleston, physician-in- Eddins of the National Bank of Com-ordinary, to the King, in opening the merce in New York. In the October issue autumn session of the King's College of Commerce Monthly Mr. Eddins says: Hospital Medical School, declared that The reform of Tadian currency which cults and stunts" have always played has just been recommended by the Indian a prominent part, and unless human Currency Commission, with the ultimate nature altered in an unmistakable man- end in view of putting India on a goldner they would continue to do so. This bullion standard, has set in motion new must be accepted in a philosophical factors that threaten to cut down the spirit. demand from that country and add to the uncertainties of the far eastern cross currents that dominate the price of silver.

"Many persons," he added, ""mat on the assumption that forty years of life. make an individual either a physician or a fool, and are convinced that they

doctors.

The chief recommendations of there as good as if not better than, commission, in so far as they affect the

"A considerable amount of irrespon

silver market, contemplate the closing

From such domestic medical practice

of the mints to further silver coinagtible treat nt, in other words a more for some time and the gradual reduction advanced grade of domestic medicibe, by the government of its very substantial is likely to result. silver reserve. Beyond these more in- mediate influences, it is the commission's it is but a step to an addiction to patent hope that the establishment in Indin of proprietary potions and pills with which so many people dose themselves and a gold-based currency and the gradual

others. growth of popular confidence in it may eventually turn the flow of Indian savings from unproductive boards of the precious metals into" more useful

channels.a

"Aanual world production of silver is about 240 million ounces, of which India in the past few years has been absorbing. over one-third. If the currency commis- sion's report becomes effective it will mean that the Indian Government for some time at least will not be a buyer of silver in the international market. The gradual establishment of the new currency will, it is expected, make pos-

sible reduction of the government's silver reserve over a ten-year period from about 850 million to about 250 million rupees; that is, a disposition of about 206 million ounces of silver.

INDIA'S POLICY.

Fashions.

"The cults of medicine, such 38 homeopathy, Christian Science, and osteopathy, are fashions, and the suc Cessors of others that have had their day and ceased to be remembered. tion of the masses and of the classes is

It has been suggested that the educa the only way of getting rid of quackery, but with all the modern improvements and spread of education there is as much. or more, irregular practice as in the .past.'"

Dr. E. Graham Little, M.P.. also dis cussed medical "quackery" at the open- ing of the medical school at St. George's

ospital.

civilised countries," said Dr. Little, in "Britain stands nearly alone among

the encouragement the legislature gives to unqualified practice.

JOEY'S HIGH JINKS.

"The proposals of the Indian Currency when the profesison of medicine will no "There may conceivably come a time Commission bave avowedly been framed with a view to disturbing the silver longer attract the best class of student, market and the value of India's enormous and the supply of scientific doctors will stored-up wealth of silver as little as pose out, to be replaced by the money- imperfectly educated sible. The sales from the government's grubbing and silver reserves in any given year are quack, who is ever seeking a back door hardly likely to amount to so much as of entry into our fold.” India's recent silver imports have total- On the other hand there is the pos- ed. sibility which the commission envisaged in its report, that considérable amounts of silver rupees may come out of hoards to be redeemed in gold. In the commis sion's judgment, the outside amount of rupees that could conceivably come on the market from this source might nggregato ¦.. something over a half billion ounces,

A whirlwind raid by an escaped baboon though this is by no means the total of India's boarded silver. It is impossible on a booking office caused great excite to foresee what part, if any, of this willment at the Crystal Palace High Level:

Station on September 22nd. actually come on the market. India may The baboon, one of the yellow variety still be something of a buyer, and and known as Joey, was travelling to the

ZOO BABCON AT LARGE,

RAID ON BOOKING OFFICE.

RAILWAY times even large buyer in the inter-Crystal Palace in a parrot cage, but on

IN.

BOUTH MANCHURIA

national market.

While the commission's report does not threaten any drastic unloading of India's silver, the announcement of its findings precipitated a decline in price on the London market to 9-1/8 pence per ounce, on September 15th. The average price in 1995 was 32 pence. In the New York market the price declined to G1-3/8 cents per ounce, the lowest quotation since 1921.

arrival at the station he managed to steal march on the officials, escaping in the booking office.

Describing Master Joey's adventure, a Porter said that after his escape Joey Eazed through the bars of the booking office and finding a packet of coppers- 154. worth-close by, he took charge of them and began playing a sort of piten and toss game with them.

After a time he tired of the financial

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The boarding of silver in India, as well 13 its use there in grasments and hereto

clerk.

Joe had by this time torn a packet of 250 of them out of their cover and, after flinging them in threen and fours about the office, began to test their quality by chewing them up.

Shock for Passengers.

fore for coinage, and the great require- "This was more than the booking clerk ments of the monetary system of Chips could stand.Help, help! he shouted. have constituted the chief outlets for the So telling him to stand by, I dashed world production. Centuries of board-along to the Palace. Here I managed to

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croft, who hurried along with an assist. na high as billion ounces or about one-ant to the booking office. third of the aggregate production of the world's minea,

"By this time passengers had gone to the booking office to buy tickets, and there were confronted by Joey grinning frem behind the bars. One peep was sufficient, so they preferred to make their

"In contradistinction to reduced gold production a record silver output has been established in the last few years For the past two decades average annual output has been 200 million ounces, which arrangements with one of the train oficials, to whom they explained their was about 20 per cent. above the pro- dilemma. duction in the 10-year period prior to 1905 and 50 per cent. above that of the decade ended in 1885.

"On entering the booking office Mr Thomycroft found Joey rather reluctant "While the demand for silver is a fumed and atormed and after trying a to drop his new job as ticket clerk. Joey highly variable factor, depending largely bite at one of his captors sprang towards upon conditions in the Orient, annual the booking office bars and while attempt. production is now determined in a large-ing to squeeze through was finally seized measure by the requirements of other

metala. Over half the world supply of hy the nape of the neck. When last I saw him he was a very crestfallea little silver recovered each year is derived from fellow. He was led off by Mr. Thorny ores mined primarily for their copper craft lead,, gold and zinc content. The out look is for steadily rising world demand for these metals; therefore, any curtail- ment in the Indian demand for silver as a result of the change from silver to gold bullion standard will have but. little effect on the great bulk of the world out- put. Reduction in output, should such occur, will be largely in these mines that recover silver from straight silver de posita.

will pass again to the "gold basis pre- valent in that country more than three thousand years ago.

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States trying to trace Lilian Brandon. She finally discovered her by seeing an announcement that she was suing Mrs.

DOUBLE BIGAMY CHARGE AGAINST Kate Horne: for £20,000.

ENGINEER."

Mr. Grobel, who appeared for Mrs. Horne, said that he was going to prefer Ernest Edwin Brandon, 58, described a further charge against Brandon of as an engineer, of Victoria Street, West bigamonly marrying Kate Horns during minster, was charged on remand at West- the lifetime of his lawful wife, Sophia minster with bigamously marrying Kate Emma Devis. Horne, aged 76.

Mr. Gill (the magistrate): In that

Substantial fluctuations up and down are to be anticipated. But in the long run the tendency of silver prices seus mare likely to be downward than up- ward. India is apt to be less of a buyer At previous hearings it was stated-case Lilian Brandon is not his lawful SUBSTANTIAL FLUCTUATIONS." and possibly will be a seller of silver in that Mrs. Horne, a rich widow of New wife and that marriage was a bigamous

the international market. China will be York, advertised for a well-educated one. "Heavy absorption in China is dus left the great free silver mart of the Farmsa as secretary, Brandon, who said Mr. Grobel. That is so primarily to the use of silver as the East, buying or selling according to the he belonged to one of the oldest families Sophia Emma Brandon, of Vernon standard of value. In the absence of dictates of its keen-mined speculators, in England, was engaged, and they were Terrace, Brighton, who gave her age as western systems of credit and paper cur and bankers. Europe will be less of a married at Capetown in 1923.

1.59, said that on January 7th, 1896, she When the case was resumed Mr. L F. was married to Ernest Edwin Brandon. roney large quantities of metal are nece buyer than formerly, for subsidiary coin- sary to meet the needs of the vast populaage purposes. World production now at Crane, a solicitor, of the Supreme Court at East Barnet, Hertfordshire, They tion even with a very small per capita record high levels is not likely to recede of New York, stated that the documents lived together for about five years. Her circulation. The reform of Indian cur in proportion to decreased demands for he produced were prima facie evidence husband often had financial dificulties, rency, if it is successfully accomplished, monetary purposes. However, the situa- of a valid marriage between Ernest and went to South Africa when the war will leave China as the sole great country tion need not occassion undue discourage Edwin Brandon, 6, and Lilian Francis there broke out. She received a military of the Far East with a silver standardment. Since the middle of the last cen- Ball, 23, at Holy Trinity Church, New allowance as his wife. She saw him If silver prices should be subjected to tury silver has had to endure the shock York, on August 10th, 1012.

again in 1902, but from 1909 she had extreme fluctuations in terms of gold it of demonetization in one country after Mme. Ruby de Last, of the Grand cot seen or heard of him until she saw is not impossible that China, too, in time another. None the less its consumption Hotel, Charing Cross, stated that she the report of this case in the newspaper.

(Continued on nezi Columin), has steadily increased

bad spent several months in the United

Brandon was remanded.