1934-01-23 — Page 3

Page

BOKEPWARDS CLL8294117, QRIPE WATE

INTE

E-WW 40-14

From tears

to sunshine!

Sore and throbbing gums often make baby cry dur ing teething, but he is soon soothed with Woodward's Gripe Water.

For seventy-five years has kept Woodward's 'babiesmiling; correcting indigestion, flatulence, colc, tething troubles. Certains no opiates, and is:afe for babies of all ages.

WOODWARD'S

GRIPE WATER keeps baby well

"w, woyuw'anu LIMITED, LONDON, ENGLANI

The largest stock of carved Camphor and Teak Chests-also the latest in Mirrors and Screens at prices that .. will surprise you-Chests from $10.00 - up

PENINSULA FURNITURE CO.

40, Hankow Road-Kowloori,

TWENTY

GRAND

TURKISH AND DOMESTIC BLEND CIGARETTES

GRADE-CIGARETTES'

"TWENTY GRAND"

AND

"SPUD"

THE BEST CIGARETTES

IN THE MARKET.

MANUFACTURED BY

THE AXTON-FISHER TOBACCO. INC. LOUISVILLE, KY., U.S.A.

HONG KONG DAILY PRESS, TUESDAY, JANUARY 23, 1934.

GRESHAM'S LAW, APPLIED TO OUR WORLD

Dr. Allen's Sermon at the

Union Church

~

- The Rev. Dr. E. L. Allen's sermon at the Union Church, Hong Kong, on Sunday was an interesting ap plication of Gresham's Law," concerning currency, to the spiritual world and to moral values..

The Preacher said:-

art of manufacturing unwanted We have been watching with ad- goods, and of saving wealth that i niration, sad at the same time we could not use, but we fast the with perplexity; the efforts of Pre- | secret of how to minister to per-.

Roosevelt

save the : Bonal want. sident

to American people by sacrificing the American. dollar. None of us would venture to say exactly what has we been taking place. though know the experts would be in the same boat with ourselves, and we

that suspect

President often Roosevelt himself would find it difficult to say why he has done what he has done and exactly what he hopes to achieve. -

was a

Take the other lustration. It is nineteen years ago, but it is very vividly remembered in the I suppose minds of many of us. that there never was a people that war with such high went to motives. with such an, saitruistic spirit as the people of Great Britain in the year 1914. We said, and we meant every word that we saidat least as far as the man In the street was concerned-"We do not want an inch of territory for ourselves: we are going to use our strength to defend a weak nation whose rights have been ins fringed." One thing we wanted to do was to cut off the last head of the hydra-headed monster of

In the "good old days" when the monarchy was absolute and there was very little public opinion to set as a restraint, there n.uch simpler way of extricating cneself from financial crises if one was prepared to take the conse- quences. In the Middle Ages the the cur- method was debasing

You know what happence. rency: the Mint received instruc-

Within a week our newspapers tions to produce a certain number of colns with a larger proportion { had torgotten the duty of vera- or base metal in them than was city, our Churches were revising usually the case. The Govern- | their hymn books arid Bibles to ment would make a profit on this make room for hate, and our arrangement, but the people soon government was bending itself to found out and certain tendencies capitalise the idealism and courage tecame apparent. The purchasing of the people for future commer-

∙came

clal gain. power of the good money

When the war had down to the purchasing power of

been on three years, you remem- the bad, and the result was that ber, it was a soulless mechanical

melted down the people

good business, and already men were As a beginning to talk about the in- money and sold the metal, result of this, there was formulat- demnitles, "the colonies and the ed "Gresham's Law." that where' markets we were going to get. "you have bad currency in circula- tlon, side by side with good, sooner, ot later the bad will drive out the good.

Just

AN INDIVIDUAL CASE Take an individual case, think of some of the men you have known, men of sterling character, outstanding abilities, but who have an unbridled passion for drink.

DOUBT IN THE BIBLE Many of us will remember book which performed a very use- ful service at a time of religious Ferplexity. Henry Drummond's

in Law book, "Natural

the At that time Spiritual World."

doubt the men had come to authority of the Bible and of the Church, but they were quite sure

Natural that

Science was in possession of the truth, and so the kind of thing that men did not believe when they found it in the pages of the 'Bible, or heard it said from the pulpit, they were ready to accept when the scientist put it, for example, in the language of biology. Nowadays, science speaks not so frequently in the language of biology as in the language of economics, though the language of economics is more hazy than "that of biology ever was.

I

have wondered sometimes whether that which men will not accept as the law of God they might not be willing to accept if to them in the. form of put Gresham's Law: that there is a moral equivalent of economic law and it runs like this: "Wherever men or nations work with two standards of conduct,, with two kinds of ideals, are actuated by two sets of motives, It is the lower that drives out the highest, in the end."

Which was it that won, the sp- petite of the character? This is what happens in the ife of a great many people: it may be only one per cent of base metal, but the base metal drives out the gold. Yes, and being a Christian does You will not suspend that law. not trust the metal as genuine because it has got the King's head on it: there may be base metal in it just the same. Let us try and work out this analogy of the Let us coinage a little further.

that the Government suppose

in a has debased the currency

The next year certain year.

comes into another government power and has to liquidate the situation. It will call in all the base coins, melt them down and

them fresh re-issue

from the That will not be an easy Mint. thing to do: it will create con- siderable disturbance and disloca- tton of trade. Some people may lose money by it. but not until the base coin has gone through the melting pot can security be restor- ed

...

THE MELTING POT

We use that metaphor often: we talk about civilisation being in the melting pot. Most of us will profit by going through the melting pot, by being born again, by making a fresh start. Buppose that in the Let me take two illustrations.

year 1933 the market is flooded The first illustration shows us

behind the with debased coin, Not all is de what ics exactly trouble in bur

based: some good and some bad contemporary

are in circulation. How will the civilisation. The nineteenth cen- tury was an age of magnificent Government deal with that situá- achievement, and it inherited from tlon?

COG-

The only way will be to the last years of the eighteenthielt down all coin's dated 1933, century two entirely different good and bad alike, and send them ideals One ideal was that of the Industrial Revolution which pat in our hands the power to make enormous wealth, and the other was the French Revolution which was to make free and equal men and women. It was a time when men worked at the impossible task of creating a civilisation which

·would both

wealth

·make

and make men.

out from the Mint afresh. Other- wise, you will not restore fidence; there is always the pos- sibility to reckon with that some of the bad have been overlooked. There is an analogy there that think is worth following up to the very end. Here is a man who is conscious that there are low motives in his mind: he has tried to conquer them, but he has not has to MASS PRODUCTION

sicceeded. That man And we know what happened. realise that his efforts have been. The result was there was built upon, the wrong ines. It is no use asking God to patch up the shabby a magnificent system for the mass

The production of cheap goods and for places in our personalities.

only fair thing to do is to give scattering them all over the earth, and men and women felt them Him our entire manhood to be The made anew. turning the base Belves crushed beneath it. final result was that we showed metal out of our souls and putting ourselves to be pastmasters of the the gold to its right use.

"I'VE LEARNT THE RIGHT WAY

TO SHOP'

"I used to think that getting drugs cheap was being thrifty. But it didn't take me long to learn that quality comes first-Before auything else."

Inferior drugs are

ip unnecessary even you have to watch every penny

for those prices are ROCK BOTTOM, and the quality," 'well

QUALITY

First

THE NAME "BOOTS" IS IN ITSELF YOUR GUARANTEE OF QUALITY,. AND AS SOLE SELLING AGENTS OF THIS FAMOUS COMPANY, WE CORDIALLY INVITE YOUR INSPECTION OF THEIR WIDE RANGE OF HOUSEHOLD DRUGS AND OTHER NECESSITIES NOW ON DISPLAY IN OUR HONG KONG DISFENBART.

COMPARE THE PRICE

THE QUALITY IS BEYOND COMPAREL

Aspirin Tabs,

Asthma Relief.

Boracic Powder.

Bronchiali ozenges.

Cascara Tabs.

50.

Dyspepsia Tabs.

75..

Epsom Salts....`

30.

$1.75.

$7.50.

50.

Embrocation.

Liver Extract.

Tooth Paste.

BOOTS PURE DRUG CO., LTD.

BOLE SELLING AGENTS

A. S. WATSON & CO., LTD.

DIFFICULT DECISIONS

·EST. 1541

By GLUYAS WILLIAMS

WHEN YOUR WIFE HAS COMMISSIONED YOU TO . MATCH A SAMPLE: AND ONE OF THOSE OVERPOWERING SALES LADIES PRODUCES SOMETHING ABOUT TWO SHADES OFF WHICH SHE INSISTS IS A PERFECT MATCH; AND YOU DON'T DARE CONTRADICT HER, AND YOU DON'T

RELISH WHAT YOUR WIFE WILL SAY IF YOU BUY IT.

REALISTICALLY HUMAN PORTRAITS IN A GREAT WAR-TIME PICTURE

"I WAS A SPY "

TO-Morrow

AT THE

STARRING MADELEINE CARROLL-CONRAD VEIDT HERBERT MARSHALL KING'S

A GAUMONT BRITISH PICTURE

Directed by VICTOR SAVILLE.