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HONG KONG DAILY PRESS, MONDAY, JUNE 22, 1936.
BLACK BOMBER DETHRONED
Louis Battered By Schmeling
TWELVE-ROUND
VICTORY
New York. June 19. Back from the fistic grave to which almost every sports writer had assigned to him came Max Schmeling of Germany; former heavyweight boxing champion of the world, when he battered the mighty Joe Louis, "the Black Bomber from Detroit to a pulp within twelve rounds of a sche- duled 15-round bout last night at Madison Square Garden. The long-awaited "white hope" ennounced after his triumph that he had already signed terms to meet James J. Braddock. world champion. for the title the latter so surprisingly Won from Eaer.
Max!
Overcoming Louis's early lead in points. Schmeling fought the Nesto to a standstill, winning seven of the 12 rounds. one of which was declared a draw. He received the plaudits of a 65.000 crowd, with a happy smile. though his face was! black and blue as the result of a aruelling fight. Louis was slumped into his corner in a practically senseless condition. his second's heing forced to work feverishly to bring him round.
The 85-year-old Tom O'Rourke, manager, the German's former died in Schmeting's dressing room just before the fight and many regarded this as a bad omen for the former champion,
FIGHT DESCRIBED
Joe Louis and Max Schmeling went into the ring at 10 p.m.
ed. Schmeling landed a right to the body. Louis took the round by a shade.
Schmeling pawed with his left, missed a left swing. Louis landed left hook to the head, missed with a right, then landed with a lert and right to the head. Schmeling recailated with a left to the body, landed a right hook on Louis' chin. Louis persistently Jabbed the "German, who was very cau- tous. Louis round.
Louts won the third round. Schmeling knocked Louis down in the fourth round and the crowd went mac The Gerinan pounded
in heavily to the body and head. Louis staggered to his corner. The round was "Schmeling's.
U.S. BASEBALL
Detroit Tigers In Great Form
DEVALUATION POLICY
REJECTED
French Finance Minister's Assurances
New York, June 20. Detroit Tigers scored a clean- cut victory over the Yankees in the Amèrican League, the latter be- ing shut out while the Tigers piled ("Hong Kong Daily Press" Special) |- on ave runs.
A double header in the National resulted in the Phillies winning the second "game after they were blanked out in the earlier clash,
The following were the results cabled by Reuter:
AMERICAN LEAGUE
Philladelphia Chicago..............
MINISTER'S FIGURES Paris, June 19."
Paris, June 19. The fears that the new French Devaluation was rejected by the Government would pursue a vigor new Finance Minister, M. Vincent ous dévaluation policy, and even Auriol, speaking in the Chamber introduce capital lexy, were dis-of Deputies to-night. pelled by the Finance Minister's eagerly awaited speech in Chamber Friday afternoon. Vincent Auriol declared that the estimated
determined to Government was protect the currency at all costs and announced that very sharp year. 1
measures would be taken against all who had smuggled large sums These people, out of the country. be said, were nothing better than traitors.
R. H.
E
2 4 2
4
Johnson homered for Phil-
Schmeling took the Afth round handily, forcing the fight and|adelphia. keeping the negre grogKY.
Schmeling won the sixth round, but Louls came back fighting hard and took the seventh.
Schmeling won the eighth.
The German hit Louis with hard' rights and had him dazed . the ninth, Louls was game, but his punches lacked force. Schmeling's
round.
New York Detroit
↑
5
1
A
5
13 ·
1
"
1
5
2
B
2
5 8
0
Washington Cleveland
Bosion
St. Louis
7 10 1 Foxx and Cooke homered
Referring to the Communist mo.. tion or a capital levy the spea
He declared the only polley to- day was to call upon the nation to save itself and its currency. Ho that 26,000,000,000 francs of French capital had been exported since January of last
38,000,000,000 franca were hoarded and the Budget defcit of 1936 would be between 8,000,000.- .c00 and 7.000.000.000 francs.
Treasury commitments from June to December of the present.
amounted to year against which
ker said it was true that the So-was
cialists themselves once had de-
entitled to
15,000,000,000,
the Government Issue 340,000,000 the
francs in Treasury bills for
manded a capital levy, but that remainder of the year.
had been in time of prosperity. To for
The German won the tenth, hit- Boston, West and Clift (2) for St.
Louis. ting Louls with everything he had. Louis hung on desperately.
Schmeling won by a knock-out In the twelfth round.-
Reuter,
PRIZE MONEY
NATIONAL LEAGUE
Cincinnatti Boston
6 12 2
ཤ
13
1
Chicago
5
11
n
Brocklyn.
4 10
1
St. Louis
6
12
1
New York
77 11
1
were
New York, June 20. Its announced that Louis and Schmeling received about $141,000
11 each.
The attendance receipts $399,000 and the gross receipts
They opened cautiousty, Louis: 5000 000 of which $52,000 was for landing left and right to the head. broadcasting film rights.-
Reuter. Both sparred, felnted and clinch-
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S. Martin homered for St. Louis."
Pittsburg
Philadelphia
0
6 13
0 4 2
Lanton pitched for Pittsburgh.
Pittsburgh
Philadelphia
1 8 2
2 5 2
FRIDAY'S RESULTS
New York, June 19. The following were the results of the League baseball matches played to-day.
National League
Cincinnatti
Kampouris and
bardi hotnered.
Boston
St. Louis
8. Martin and
homers
New York
The Bank of France had advan-
day the levy would be the death-ced the state 14,000,000,000 francs, blow to the capital market, which he added. was already in a sad state.
The permanent public debt had been reduced Declaring that the advocates of
by 44.000.000.000- devaluation were merely actuated since 1932 and redeemable debb had increased by 75000,000,000 francs. Short term debt had risen to 32.500.000.000 francs and float-· ing debt to 66,000.000.000 francs,. he stated.- Beuter
by selfish motives, the Finance Minister said that such a course would be dangerous to the tion's interest unless other nations also adjusted their currency. Only
one course was possible and that was for the nation to save the cur- rency itself.
CONCEALING FUNDS
action
Paris, June 19: The total capital which French-
M. Vincent Auriol, the Finance men had sent abroad since Jan- |-
28 Minister, has tabled four bills pro- uary 1935 was estimated at
viding penalties for concealing millions,
the While ¡thousand
amount of hoarded banknotes was funds abroad after a given period, probably in the neighbourhood of severe repression of any 30 thousand lion frança. Al- prejudicial to the state, the Ban- together, therefore, including thei que de France reorganisation and hoarded gold, French economy was simplification of the pubile finan- deprived of no less than 80 thou- sand millions.
ces.
Private banks will not be na- tionalised but will be subject to the control of the Ministry to pres vent "abuses,"
M. Auriol has warned Commun- 1sts that capital levy is dangerous and impossible, as it would "kill the French Treasury."
SEVERE PENALTIES Anybody who did not report the sums he had abroad till July 15 would have to expect Severe punishment, and eventually de- privation of his civil rights. Critic- and dubious 'ân- R. H. Eising the secret
8 140ancial methods pursued by the
Lom-
previous Governments, the spea- ker said that an end would be put to these ruses and in future frank statements of the financial situa- Banque de France for credit which 7 10 aplon of the country would regular-will not be used if the public sub-
scribes to the. "baby bonds.”— Medwick hit ly be published.
Reuter.
Schoot
4 7
2
Whitehead hit a home run.
10 0
The game between Chicago and Brooklyn was postponed on ac- count ot threatening weather, while the Pittsburg v Philadelphia
encounter was called off on ac- count of rain.
American League
Washington Cleveland
Philadelphia
Chicago
New York
Selkirk hit a home run, Detroit
G 12
1
9 13
2
4 8.. 1
5 11 1
5 12
I
2 8
No other games were scheduled. -Reuter
INDIAN TEST CRICKETER
Sent Back To India For Insolence
The Government will shortly is- sue short term blils of small de nominations in which the man-n- the-street can invest and in the meantime M. Auriol will ask the
On conclusion of his speech the Minister Introduced new financial AGREEMENT WITH BANK measures for the purpose of
Paris, June 19. A Bu ratifying the convention achieving the objects he had set, forth, the chief of these being: (1) between the Government and the a bill increasing the severity of Bank of France and providing for. punishment for failing to reveal a temporary advance by the Bank credits abroad, while granting cax to the Government of a maxmun amnesty, (2) a bill empowering of 10,000,000,000 francs to meet the the Finance Minister to take sharp forthcoming Treasury needs, was measures against persons atteinpt- voted in the Chamber to-day, 310 ing to damage the national cre- tó 209.-
dif, (3) a bill enabling the Govern-Renter
ment to issue decrees with the ob-
ject of securing adequate repre- sentation of all national economic interests in the Banque de France. and (*) a bill empowering the Government "to reorganise public finance with the object of making It simpler and more elastic.— Transocean News SermiTE A
GORKI'S REMAINS
(Bong Kong Daily Press" Special)
Moscow, June 19.
ין
DR. SCHACHT'S MISSION Foreign Reports Refuted
("Hong Kong Daily Press" Spezia->
Budapest, June 19. Declaring that his trip to South- eastern Europe was "wholly tree- from any political aspirations," The mortal remains of the Reichsbank President Dr. Schacht, famous Russian writer Maxim speaking here at a press reception Cors, whad died here on Thursday, on Friday emphatically denied the were cremated in the Moscow Cre-imputations made by some of the matory on Friday. The urn contain-
foreign papers. In Gorki's ashes will be interred u the wall of the Kremlin at the Red Square on June 20 with an London, June 20. "Amarnath, the Indian Test cric-impressive ceremony, which will have the character of a State Keter, was sent back to India, by
Funeral.. A monument wil! be DOAL, to-day
2 disciplinary
erected at Nishni Novgorod, where mensura."
the deceased author was born, and
"an
"It seems curious to me, that every effort made by Germany to Improve international economic situation, should' be eyed with suspicion as having some political motive."
Recalling that Germany and the the other countries, involved in Amarnato had been warned
which was renamed some years tangle of debts through the Treaty several times for insolence against ago ""Garki”-
his captain and manager, and Transpocun News Servien when reproved for his behaviour
of the field, he is reported to have „said that no action would be taken against him as he was indispen- cable to the team.
i
NEW STAMPS
IL
of Versailles, Dr. Schacht put the question whether, if every attempt of the debtor nation to improve it,. and thus the creditor's position. was to be eyed with suspicion, the creditor nations, were at last pre- pared to renounce their claims?
Dr. Schacht said it was perfect- Berlin, June 19. ly natural that, in his conversa- 'Philatelists will be interested, to tions with leading men he bac hear that a special series of spoken of various economic Indian Board, Reiter was inform-stamps will be issued by the Ger- financial matters, but he had Lei- ed by Mr. Brittain Jones, manager man postal authorities in connecther the intention of dying to An- of the All-India team, Deyondtion with the World Congress of kata to offer for the fortification which neither he nor the captain Leisure Time -and Recreation, of the Dardaneller, as one French would, make a statement
which has been convoked by the paper had asserted, nor had hei
Socialist A message from Bombay states National
Organisation any other mysterious political mic- that another prominent player "Strength through Joy" and which | siön, would also not be available for the 15 scheduled to take place in Ham- Tests owing to dissensions, -----
Emir Elahi is the other player Hong Kong Daily Press" Special who has been warned that he will not be played in the Test.
The matter now rests with the
Reuter.
hurg on July 23 to 30-
Praukacean New Service.
and
Dr. Schacht left Budapest on Friday by air for Berlin-
Tennoscean 'Naan Service.
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