1932-03-31 — Page 18

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The

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THURSDAY, MARCH 31, 1932,

THE FUNCTION OF MONEY.

Probably at no time more so than at the present has money occupied 30 much attention in the sphere of human economy. Nations and

THURSDAY, MARCH 31, 1932.

jono to his neighbour is true. This, | ❤1

however, merely discriminates be- tween useful and non-useful em- ployment of money. It is its duty to be uniformly active in produc- tion and exchange. Production is always the expression of human activity.

DAV BY DAY JAPAN AND THE

Fox HOME MEN

THIE WORD EACH

"LIBERTY" MAY MEAN FOR

MAN TO DO AS HE PLEASES WITH UMBELF AND THE PRODUCT OF 1118

LEAGUE.

By VISCOUNT CECIL.

✡

by the Chinose, the landing nevertheless of Japanese Marines, using the International Sottle ment as their base, the Chinese resistance, the Japanese bom- bardment.... .)

LABOUR; WHILE WITH OTHERS THE THE conflict between Chinat

T and Japan has hung like SAME WORD MAY MEAN FOR-SOME MEN TO DO AS THEY PLEASE WITH Ball over the World Disarmament OTHER MEN, AND THE PRODUCT OF Conference at Geneva.

Moro is at stake then the as- OTHER MEN'S LABOUR.--Abraham

cendance of .one Oriental Power! Lincoln.

over another. No intelligent From that moment onward Wor observer can fall to see that the raged In all but name.

Thou- whole system of preserving peace sands of civilians have been killed by collectiva treation is in by aerial bombardment and, more Jeopardy, or that the fate of the recently, by the tide of artillery Disarmament Conference and per- and infantry fighting whlen

Money being both the measurer of the services and the medium of compensation, whether for banker, manufacturer, merchant, or em- ployee, any cessation in the flow of money for goods or service retards production and bringe what is termed "hard timea". To prevent

The Right Rev. Bishop Valtorta such a condition money must be

yesterday celebrated the silver jubilee dethroned from its seeming king-of his ordination to the priesthood. ship. Men should refuse to wor ship it. They need to change their attitude toward it. They should put money in its proper place. Let them refuse to measure themselves or others by the quantity possessed. Let them readjust their view of their fellow

Service, and men.

nas

The Sando. Weight-Lighting Club is haps of the League of Nations it-awept over them. being reopened at 19, Queen's Rond self dopends upon the ability or Oh Jan. 29 China appealed to Central. There are vacancies for a inability of the international com- the League under Articles 10 and lalted number of European members, munity to atop the bloodshed and

The corpse of a boatwoman, who was drowned in the habour a week ngo, through falling off a cargo boat,

service alone, is the true-standard. was recovered by a police launch By keeping money constantly at yesterday. work, prosperity-with just and Adequate compensation for every service in attained. It CRI maintained in no other way.

Peter's.

•

1

15 of the Covenant. On Feb. 2

restore order in the East.

the British Government, in concert with the Americans put forward Democracy on Trial.

a peace proposal of five points: This fact is evident alike to the they were accepted by the Chinese, friends and the toes of disamun- but essential points were rejected ment, the

former holding that by the Japanese. On Feb. 17 the this hideous display of mechanised Lengue Council members other Woo Ka-cheung, 15-year-old murder is cogent evidence of the than the parties to the dispute student, was injured yesterday when need for the universal reduction addressed an urgent appeal to the be he fell from the top of a retaining and restrictions of armaments, Japanese Government. On the wall into a lane. He was taken to the the latter that the facts of Shang- 19th the Council held what was pro- | Gavernment Civil Hospital.

hal have already proved the bably the most dramatic and the futility of the napirations of most tragic session in its whole The annual dinner of the Law and Geneva. On Not Understanding Einstein.

history: It was an eleventh hour Commerce Society of the Hongkong] That kind of proof can only con attempt to stop the launching of Time was when the universe was University, in to be held at Lane, vince the type of mind that wants the great Japanero offensive: and a simple thing. The geometry of Crawford's Restaurant, on Saturday,, to bo Bo convinced. And the it falled.

0th April, 1932, at 8.30 p.m. Euclid provided

manipulation of news from the satisfactory

It seems difficult to dispute that, East by the daily papers that are on these facts, Japan has a sub- dimensions. Space was just a

The Red Tangle Concert Party already committed to a policy of stance resorted to war in breach room with the walls left out. The

will present "A Village Concert" on wrecking the League, is one of of her undertakings under Articles atomic theory of Lord Rutherford Tuesday, April 6, at 9 pm., In the St. those scandala of western demo- 12 and 15 of the Covenant of the

John's Cathedral Hall. This concert was no more complicated than a

is in nid of the Church Funds of St. cracy which makes one feel that League of Nations. circle. The insides of the atom

It more than half deserves the It is very important, both in the revolved like planets around the

ruin which is predicted for it. intereals of truth itself and of the But to those--and I believe settlement which we all hope for s-only upon a somewhat smaller

absolutely scale. It was all very delightful, convictions for larceny and live for them to be the majority of think to keep two questions

The first is the question and one could draw pictures of it, returning from banishment, a Chinese ing people in Europe and America distinct.

who appeared before Mr. Schofield at who refuse to be defeatist. who of

general grlovancos—— But no longer. He who deals with the Central Polico Court this morning believe profoundly in the need of economic and otherwise of each atoms deals with quanta and Inde was sentenced to one year's Hard building pence upon the founda-side against the other; the second terminacy. He who dares the vast labour, on a charge of disobeying the tions of justice, and who are pre- in the question of which side re- ness of the universe must encoun-requiring his absence from the Colony if need be, to safeguard the pro-

deportation order, dated 1924, and pared for a hard and long struggle, sorted to war.

On the former question ler space-time continua, vectors, for a period of ten years. co-ordinates and Riemannian metrics. The pictures have dis- affairs appeared. This state of makes it difficult to explain Dr. Albert Einstein. The famous Ger- man mathematical physicist evolved a new theory. It delves deeply into the explanations of the physical structure of the universe. It re- conciles mathematical anomalies which have obstructed efforts to reduce gravitation and electromag- netism to a single uniform equation,

With

a record of three previous

UNUSUAL THEFT.

MORTUARY SHROUDS

Two

STOLEN.

141-

the

the

gress already made to that end-neutrality is n ́duty; the matter is to those I would say that it is all intensely complex, and is subject important to have as calm and to the investigation of the Lytton

appointed by clear a grasp as possible of the Commission actual origin of the hostilities at Lengue.

of Shanghai before the memory

On the latter question neutrality these events becomes befogged in, I believe, now a moral imposel- with spesial pleading.

War "In All But Name."

bility.

Japan may, ns I have hinted above, have had great provocation.

con-

individuals alike are at great pains to secure what is deemed enough

sheets used by the

The bare facts are enough. In In her original controversy with of it, but it may be said that in

thorities of the Tung Wah Eastern the first place, there was an ex-Chinn she may have had the right Hospital mortuary for the covering ceedingly strained atmosphere, on her side-though I can express some respects, especially where the

of dead bodies figured in a theft, During the past ten yearn the in- no opinion on that point. But individual is concerned, it holds a

ense brought before Mr. Schofield) creasing boycott of Japanese trad- even if she were in the right, this wholly disproportionate place. St

at the Central Police Court this ing by the Chinese-part spontane cannot alter the governing Paul mude a startling charge when

д Chinese was ous, part enginccred-had cnused sideration, that, In definance of he declared that the love of money

It suggests avenues through which morning when

charged with stealing the pieces of serious damage to Japan's economic her solemn Covenant she has re- basic problems in quantum elath last night. is the root of all evil, but did he

interests; for it must be remem- sorted to war, mechanics may be approached.

The defendant remarked that he iered that In recent times China Nor is this, as I understand; exaggerate? The probability is

Yet the concepts that it develops had picked them up, thinking they has absorbed about a fifth of disputed by the Japanese repre- that a realisation of the truth un-

cannot be graphically depicted up had been discarded,,

Japan's total export trade, quite sentatives on the Council, M. Sato derlying this statement would have

Detective on a blackboard. A cogent lesson

Sergeant Kennedy, apart from the important Japanese has put forward the contention obviated many of the wars, strifes

evolves from Dr. Einstein's con-prosecuting, said at about ten mills and other industries establish- that China has no Government and, and disagreements which have em.

therefore, the Covenant does not tribution. Ordinary folk may un-minutes past eight last night one ed in China. bittered men, and would have Bay-

of the Hospital employees Was The Japanese occupation of Man- apply. That contention is untrue. derstand little of the significance hanging out clothing on the first churia, which was at one and the The Nanking Government is re- ed mankind untold Buffering.

of the processes by which he has floor of the hospital when he saw same time a consequence of the cognised by Japan and a Japanese Looking over the events of the past aucceeded in embracing five-dimen- the defendant walk Into the boycott and a cause of its intensl- Minister is accredited to it. China decade, we find that there was a

four-mortuary, which WAB sional equations within a

directly fication, had exasperated feeling is a member of the League and time when people were money-craz- dimensional continuum. But they opposite. Witness followed the between the two nations. Feeling was elected to a seat on its Council

defendant into Che ed, development which has been

mortuary on both sides being thus inflamed, by a unanimous vote of the As- can readily appreciate Dr. Ein almost immediately and saw him the Shanghai "incident" occurred. sembly in September, 1931 vote followed by fears of lack of money.

stein's current action in abandon- sorting out the sheets which were On Jan. 19 five Japanese which Japan took part. Japan, Yot real money has not changed; ing portions of his unified field used for covering bodies. They Buddhist monks were attacked and therefore, Inst September fully in both the one instance and the theory, announced in 1929 after a were piled up on the floor ready injured by a crowd of Chinese. acknowledged Chinese membership- other what should have been the

washed One of the monks died of his iu- of the League; sho cannot long period of research. The Gar- to be taken awny and

removal of the juries. Next day a gang of reasonably expect the Powers to servant of man became its master nina mathematician was not at alt following the

bodies. The defendant was Japanese fired a Chinese factory give credence to the contention The point which needs stressing embarrassed to admit that he had caught and subsequently handed in retaliation, and came into con- that China has no rights under the is that money is not an end; it is

been "striving in the wrong diree-over to a constable.

flict with the Chinese police force. Covenant. mons. In its proper place and

If such excuses were to be ad- tion." Nor did he hesitate to ne-

A fine of $20, with the alter- [Lord Cecil proceeds to recount rightly regarded, it is servant and

although with cept,

important native of one month's hard labour, what followed-Admiral Shiosa mitted no treaty would be worth not master. Its function is xer-

wa's demands, their acceptance the paper on which it is written. vice. That is the reason for its modifications, the concepts of Theo was imposed.

Question of Condonation.'

dore Kaluza which he once held to being. Properly considered, it is

be anomalistic. Thus he discloses as truly the servant of men as the

an openness of thought which is air they breathe or the water they characteristic of the best in modern drink. Primarily the function of natural scientific research.

Five each of them is that of a circulat-dimensions may seem to have small ing medium. It is no more a fume-bearing upon workaday problems tion of money to control men than of a three-dimensional world. But it is of air or water to do so the humility of greatness, cherish- Money has no inherent power. It ing only those things that can be seems to have it only as men ao proved, commends itself as clothe it, bow down to it and wor-quality, readily wrought to the ser ship it. Business cannot perform vice of everyone.

SUGAR MARKET,

THE LATEST CABLED QUOTATIONS.

d.

·

&

London Terminals.. March 1988 5/8% down May 1992 4/11 down 1%d. August 1932 6/3 down d. December 1982 6/5% down d. Buyers at above, sellers asking

more.

its true function, that of service, until men dethrone money and sense either to worship or to fear It. Money's duty is to be a cir- culating medium. Human cong- aciousness should confine it to that duty. It is both the yardstick by which service is measured and the The following eable at the close medium through which the ex-of the sugar market yesterday, has change of services is effected. been received by Messrs. Pen-

treath and Co. Money, as such, never fed a hungry mouth, clothed a naked body, trans- ported an individual, or construct- ed an article of commerce. These results are solely the product of service. Money never taught student music or mathematica, hig-/ tory or geography. In order to serve, money must circulate. As mankind'a needa know no boundary, so the human capacity to serve is limitless. To measure human sor- vice and to effect an exchange of the resulting product, money must circulate. To function fully, it must be kept constantly in action. To hoard it is to restrict its uso fuincas. That wisdom and economy should govorn the relation of each

New York Terminals. March 1933 1.08 up 0 pts. May 1932 .75 up 3 pts. July 1932 .82 up 4 pts. September 1932 89 up 5 pts. December 1932 .94 up 4 pts.

3

Mesra. A. Gocks & Co. inform us tho Boclete Internationalo de Place- ments, Barlo, cable that the official quotation in Basle for one sub-unit of the International Investment Deposit Certificates yosterday was £2 15 688.

"So you want to take my secretary out to lunch, huh? Well, I had that same idea myself, son-but, if you wait,

you can go along."

now

Those in my country or clse- where who condone such conduct under- and such pretensions aro

which mining the foundations on all international relations depend, and with these all hopes of assured peace in future.

What, then, should bo done? First and foremost, all respectable nations must formally call upon the parties, and especially the Japanese, to cease fighting. Let 110 me repeat that in doing 80 judgment on the merits of the Sino-Japanese controversy is in- volved. That awalta decision later We are now only concerned with the single issue-has there been a resort to war in breach of the Convenant? And on that issue I see no room for doubt.

on.

If Japan refuses, a formal con- How demnation should follow. should this condemnation be pressed?

Boveral There are

ways. It' might be expressed in a solemn declaration by all the other, mem- bers of the Council or Assembly. It might, ns In the past, be effect ed by the withdrawal of the Heads of Diplomatic Missions, and as an extremo. measure, by breaking oft for diplomatic relations. It is

BAY. responsible Governments to what each of them thinks best. Possibilities of Economic Action. But la such a collectivo moral Covenant- repudiation of the bronker enough? There in In Articlo 10 the obligation to sover- all trade and financial relations with such a State. That is again for Governments to consider In the light of what le practically possible. It may, however; be (Continued on Page 7.)

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