1934-08-13 — Page 18

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PIANOFORTE MUSIC

(Edition Classique A Durand & Fils)

Manual Do Falla. Picces Espagnoles

Claude Debussy.

"

Maurice Ravel.

1. Philipp.

Preludes, 1st Series

Preludes, 2nd

Children's Corner

Douze Etudes pour le Piano

Jardins sous la pluie

Album do six Morceaux cholais

Images, 1st Scries

(Reflets dans l'eau)

Hommage a Rameau)

{Houvement)

Images, 2nd Series

(Cloches a travers les feuilles)

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MONDAY, AUGUST: · 13, 1934.

NOTES OF THE DAY

CURRENCY TRUCE ?.

alf-A

PACTS FOR PEACE OR WAR

By WALLACE CARROLL (Copyright, 1034, by United Press' Association)

The Very Idea!

THE BOOK OF ASUWERUS. Chapter 13.

Mention of the possibility of an International currency conference, with President Roosevelt taking the initiative, seems

to confirm the occasional hints that an Intensive

Now the Elders of the People underground monetary war is in

assembled in the Sanhedrim, as 59

already Progress. Germany

vaat plan. of interlocking all that is known of it to date, the manner was, to consider the acutely troubled by exchango dif Aculties; France is hedging all the pacts, which will spell war or in that it will apply to aggression welfare of the peoples of Kong. time; and others of the gold bloc peace for a large part of the world, on land as well as on sen and that And there were also the Tribunes

have had their periods of discom- being pushed to perfection these it will adapt the main features of fort.

hot summer days in the capitale the North-Eastern agreement to of the Tribes aliver proclamation, Is The

of Europe. considered in some quarters to be

the Mediterranean countrics. America's final onslaught on the sponsors of the plan, claim that it agreements

The French and Soviet Russia, The most complex of all the arose and and Behold, there be,

2. And the Chief of the Elders gold bloc; and the Invitation to n

is the General Act, cruce and a monetary adjustment, will bring a long period of security which is in an even less advanced one among us who has received on American terms, are

in which the world will be able state than the Mediterranean ac the dignity of the Order of the expected to follow. It is open to doubt to devote itself to the arts

of cord. Its purpose is to define the Bull's Eye. Let us praise the whether currency developments peace,

relationship of the two new pacts Gods and Diplomats of other nations agree to the original Locarno pact and the Tribunes of the Tribes assent- return thanks. And and experiments in the United States are capable of so simple un that the scheme, if successful, may to the League Covenant.

ensure peace.

.. ed.

contrary,

the explanation. On Itile support can be found for the belief that a currency war been deliberately pursued. Oppos- ing polleles have naturally clashed; Equalisation Funds and such de- vices have had to be introduced to provent disturbing fluctuations, But a war implies an attempt to destroy the position of the opposi tion, whereas Buch conflicts as have occurred, have in

been purely defensive.

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MONDAY, AUG. 13, 1934.

THE PEACE BALLOT

One of the attractions of the Peace Ballot plan instituted by the British League of Nations

(Et la lune descend sur le temple qui fut) particulars a few days ago, is the

(Poissons d'or)

Reflets dans l'eau

Sonatine

La Valse (Transcription pour Plane) Prelude

Album de Six Morceaux choisis Valses Nobles & Sentimentales

Exercices Pratiques pour le Piano Etudes d'Octaves

Exercices Journaliers pour le Piano 3 Etudes do Concert en doubles notes.

S. MOUTRIE & CO., LTD.

York Building....

Burroughs

FASTER

OPERATION IS

Chater-Road.

BECAUSE ITS

Great Britain stands in

NEW IDEAS

They fear, how-

This is necessary, because in eyer, that if it fails, it will divido carrying out the provision of the 3. And he continued and "sald ́ Europu into two hostile camps new pacts, France or the other which will bend their energies on signatories might come into con The peace and prosperity of all preparations for another war

it minishoth The pian

flict with the Covenant or the our people behold comprises first of all Locarno pact of 1925.

therefore must we take counsel a North

North-Eastern pact, or "Eastern

For instance, if Germany attack together. Let us consider ways This would be Locarno paet.

signed by France, the Soviet ed the Soviet Union, France would and means. | Union, Germany, Poland, Czecho- be obliged under the North- slovakin and the Baltic alates-But the original Locarno treaty other. And one anid Let us I pray 4. And they spake one unto the Enstorn pact to help the Soviets. Lithuania, Latvia and Esthonia.

guaranteed Germany against aye do this, and yet another exclaim- French attack. Thus Britain.

The North-Eastern agreement would be dupplemented by Italy and Belgium, na signatorical od Hearken ye, must we not do "Mediterranean Locarno Pact," of binding France, Italy, Yugoslavia, obliged to determine whether they Tribes assented.

the Locarno pact, would be that? And the Tribunes of the Rumanin, Greece and Turkey.

should come to the ald of Gormany against the French.

GENERAL ACT.

These two pacts would

G. And again one said. Let us

The United States will, of course, continue to strive to bring about acceptance of her vlows upon silver. But it must also be marked

Article 2 of the Locarno pact prepare a committee, even a small that American Ideas on currency crowned by a "General Act." It Germany or Germany to make war Let them be bound this way and bo permits France to make war on committee to consider this thing. needs have undergone a remarkable would make sure that nothing in on France under only three con that, let them wander into the change In recent months. The the pacts clashed with the Covenant ditions: conspicuous absence of any Ad-of the League of Nations or with 1. In case of legitimate defence wilderness.

minstration spokesman of the com- modity dollar or managed currency at the Virginia Institute of Public Affairs, where other phases of the New Deal were actively represented and where money was under parti cular discussion, gives an inkling. A year ago the adoption by the President of the goal of a dollar of stable purchasing power regardless of gold content was a signal for great expectations. Why is it that now the greatest hopes are based on a reversal of that policy and the maintenance of a dollar of fixed regardless of buying

power?

HOPES DISAPPOINTED

*

A

the original Locarno treaty of against an unprovoked attack 6. Yen let them wander in the October 16, 1925.

2. In case the League Council, wilderness many days for perchance model of all so-called mutual asmends sanctions against the agres-manna from the heavens. And let This original agreement-the acting undor Article 16, recom- they shall see light and receive sistance treaties of recent years-sor; was signed by France, Germany,

Great Britain; Italy and Belgium. Article 15, Paragraph 7, cannot Forty Daye. And the Tribunes of 3. In case the Council, under them come nigh unto us after Its purpose was to prevent a new reach a unanimous decision. This the Tribes assented. Franco-German conflict by safe would guarding the common frontiers of choose what action it deems right. France, Germany and Belgium.

GUARANTEES.

ÍA

agreement.

true, stand even on their heads.

leave each state free to

7. Then spoke he who keepeth The French believe that if the the records and he said Behold, in Under the agreement,,, Britain Soviets enter the League, France the twelfth month and on the one and Italy "guaranteed" these will be free to aid them against frontiers. That is if Germany at possible German attack without and twentieth day of the month, a tacked France or France attacked violating Article 2 of the Locarno law was decreed that all men should Germany, the British and Italians pact. If this is legally Union, of which we gave some

together with the Belgians would Britain and the Italians would not come to the aid of the victim. be bound to intervene in such a

8. And Behold there was an simplicity of the idea. It does

The proposed North-Eastern something which obviously needs

error. For the word not was for- conflict. pact contains even more elaborate doing and its method is obvious-

The reasons are perhaps horses arrangements fo

M. Barthou tried to make Britain gotten entirely. Therefore how mutuni aid.. The first is that the hopes ly right. The British Govern- fold.

BUE of all, it has two general visit to London. It appears, how added to

this viewpoint on his recent say ye, should not that word be ment, the British people and all form of higher prices from the Eastern powers which sign it.

reaction in the clauses applicable to all the North- of an automatic

the records? And the ever, that the British fearful of other Governments and

Tribunes of the Tribes assented. gold devaluation of the dollar hayo

new entanglements on the con- peoples need to know where been largely disappointed, except, to resort to force under any cir- new obligations under the North- One of these is a pledge never tinent, still believe that France's

Chapter 14. the perhaps, that part of the improve cumstances. The second matter of the League of Nations ment in prices of cotton and wheat promise by all the North-Eastern for Britain and Italy as guarantors Watch who cried aloud Behold the Eastern pact might mean trouble Then arose the Master of the and what policies she would con- can be attributed to that cause. In signatories to aid any one of the of the Franco-German frontier evil in the Land. The people are sistently support. These are the the second place, it has been signatory powers which is the under the Locarno considerations which have in-denies to the consumer the benefit

realised that a stable price level victim of an unprovoked attack.

Nevertheless, M. Barthou did turbulent and proud people and duced the National Referendum of a normal and gradual lowering clauses, there are special engage- benevolent neutrality from

In addition to these general succeed in winning a promise of they rebel continually. Committee to plan a nation-wile of prices due to improvement of inents by France and the Soviet British toward the Franco-Soviet the ballot on the League and arma-technique in industry, and it docs Union.

2. Therefore let us make an ments. The supreme enemy of not insure that these benefits will

proposale. It was even reported order that all must kneel and bow world peace is insecurity. The upset the price level regardless of

that the British agreed to use their their heads, yea bow them to the danger is not that evil men or monetary efforts to maintain it.

influence to overcome German, ground, three times, to all the evilly-disposed nations, having

France would "guarantee" the Italian and Polish objections to Elders of the Sanhedrim. And the plotted against their neighbours, INTERNATIONAL STANDARD working of the plan, fast as the scheme.

Britain and Italy "guaranteed" the

The French, although they insist Tribunes of the Tribes assented. may plunge the world into war. The third-reason, and one-which working-of-the-original-Locarno that they desire the participation B. Now certain of the people sur It is that, befogged with doubts, is making a growing impression, is pact. That is, France would come determined to go ahend with the they had of merchandise that was of all countries concerned, are rendered to the Elders all that not knowing on whom they can the discovery in practice of what to the aid of any signatory whose pacts even though Germany, Italy a danger, for such was the law. count, statesmen who would in-critics predicted, namely, that a territory was invaded. finitely prefer the preservation nationalistic managed currency In exchange for

this

the Soviet and Poland refuse to adhere. And they paid the Elders many of peace, stumble blindly and un- would make foreign exchange ex- Union would join the "guarantors"

shekels to guard their goods. suspiciously into conflict. Warremely dificult. Gradually It is of the original Locarno pact of being recognised---and it wua em- ensnares them because they do hasized by about three-fourths of between France and Germany, the side of the benefits accruing to had surrendered to them, Behold 1926, Thus, in case of trouble

4. And when they came to the French sources claim that, out-Elders to redeem that which they not know how to avoid it. Give the economists at the round table Soviets would join Britain, Italy France and her allies, the pacts it was not. But the Elders safe me a fixed point on which to rest on money in the Institute of Pub- and Belgium in alding the victim. will strengthen the League and Be ya of good countenance.", my lever and I will move the lie Affairs-that recovery. from Louis Barthou, aged but agile probably prove a helpful stimulus. whole world." That saying is world depression requires a res foreign minister of France, to the disarmament conference. an true in politics as it is in toration of world trade, and that brought the negotiations on the

6. For we shall pay unto you the They point out that the pacts value thereof. But to themselves mechanics. Knowledge is essen- this in turn requires a generally North-Eastern pact to an advanced are predicated upon the entry they laughed with loud laughter.

Farope, the Balkans and London. This will almost certainly entrain send accepted and

fixed international stage on his recent trips to Eastern of Soviet Russia into the League. aaying one to the other, We shall and the salvage of civilisation, gold, or on gold and silver. Does In contrast, the Mediterranean the return of Germany and thus people.

taxgatherers among the because only knowledge can pro- this mean, then, that the onco ac- Locarno has barely begun to take make the League as strong as It vide the foundation on which a claimed goal of a dollar of stable peaceful world order can

(Continued on Page 4). be purchasing and debt-paying la no built. A declaration by several longer desirable? Hardly. Rather million British electors that they that other considerations are more support the League and asking

or pressing and that the British Government to draw more needs to be learned about money before it will be known the logical consequences from

how to achieve this and other ob- their support will give, the "fixed jectives. point" whose lack now threatens all nations with disaster. The | STABILITY FIRST weakness of League action in the past has been the uncertainty any kind of stability, monetary or It is clear that the fostering of

SIMPLER tial to the safety of humanity monetary standard whether on

IT SUBSTRACTS AS EASILY AS IT ADDS.

A SINGLE STROKE WRITES.

AN ENTIRE AMOUNT.

STROKE

SINGLE KEY A PRINTS THE TOTAL.

THE AMOUNT IS VISIBLE BEFORE YOU PRINT IT

IT IS SO EASY TO CORRECT AN ERROR

DON'T WASTE TIME

WRITING CIPHERS,

Write for demonstration to

LANE, CRAWFORD, LTD.

Exchange Building:

of how far Governments and

desirable

(tability of it on

peoples mean what they say. In economie, depends in part on co- operation between central banks of her Manchurian adventure Japan various countries. on the judg- was encouraged to proceed to ex- ment of business men, on wago tremes, whose ill-consequences and social policies and the budgets are still far from exhausted, of governments. It depends still because she was not convinced more on the human psychological that the Great Powers were factors involved in those two great ranged resolutely behind the their

disturbauitants, poverty and

war and inflation, with League's disapproval. Similarly tion. The

defla men achieve in the prime obstacle to a disarma- ment Convention is the doubt progress and right, the more of it basis of which every nation entertains of they will see rollected in their all its neighbours. "If we go so money and their economic activity. far, will the others travel an It is more reasonable to attribute equal distance? If a general any desire the President may have pledge of security is given to us, for organising an international will the others make it good by need for universal stability as op conference to his reallantion of the definito action in case of need?" These are the questions whose a willingness to cry "Enough" in Intornal atability, than to missing answers thwart the monetary feud which exista mora League. When, in the coming in imagination than in fact, winter, every household in Great Britain receives Its ballot paper,

posed to

Great Britain would produco a all men and women over eighteen world-wide effect, and lead to have the opportunity to declare world-wide imitation. For tho their approval of the League and first time in many years all the a strong League policy, the world will know the full measure situation will be transformed. of support ranged behind n An immense popular vote in policy of peace.

form.

FRENCH POLICY.

"Oh, mothor still isn't mutiafled. She wants to know who. your grandparents were befor, they made their money."

.. And that which they shall collect, even that will we pay to them for their goods, so that wo bear not the Inss. And the Tribunes of the Tribes assented.

7. Now the Warden of the Waters put forth his hands and blessed the Elders, saying Por- adventure ye will hearken unto me. Let us I pray yo case the burden en those that go down to the sen in ships, yea even unto Tarshish.

8. But the Healer of the Sick and he who was over the levy In the quarries and in the roads dis- puted the thing hotly saying What manner of talk is this? And the Tribunes of the Tribes assented. For the Tribunes of the Tribes always assent,

"THE SCENTED: SECOND.

A girl at Kowloon writes to say she sits and sews for hours each day, and yet (sho saya) the worst of it is that her garments never fit.

"I've made myself a blouse," writes. she, of lemon-coloured'. organdle: but when I tried it on to-night looked the most appalling fright."

Well, that's what often happens, dear one doès one's best, and yet, I fear, through some mischance or lack of skill one's efforts fall to. "All the bill."

But need we worry? Foolish pride may sulk; what matters we've tried). And if one can't be nicely dressed we still can say: did my best!!!

י