1935-03-25 — Page 14

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THE HONGKONG TELEGRAPH. MONDAY,

PRIVATE U.S. BANKS DOOMED

WIDE. SUPPORT OF CENTRAL SYSTEM

SEN. THOMAS' SCHEME

..

__Washingto Congressional currency expan slonists predict the Administra- tion's "Contral Banking BP is. the beginning of the and of the American private banking system. Others believe the Administration will retreat on the Bank Bill when the fight becomes hot. If the bill is brought to a vote at this acsalon It will servo better than any other pending measure to align so-called Conservative and Radical groups against each other regardless of party,

The split of the Democrats is already apparent. Senator Elmer Thomas, Democrat of Oklahoma, who wrote the currency expansion measure adopted by the 1983 special Bession, welcomed the proposed 1936 Bank Act. Senator Carter Glass, Democrat of Virginia is bitterly critical.

"I am for it," Thomas told the United Press. "The bill is exactly In line with what I have been try ing to assert. Anything that takes control of finances out of the hands of a few big bankers and tends to put control in the hands of the Federal Control Board will have my support. As empowered in the bill now before the both housea of Congress, the Board should be supreme in matters of money and finance. This bill looks to me like the end of the private banking

system,"

OLIVE GREEN

Fashionable Colour ~For Spring Wear

INVALID DUST:

Olive green is one of the fashionable colours. This frock, of didl-surfaced satin, is expressed in it, the silk cords at the waist matching the satin exactly. The neck-line and full sleeves are attractive,

·

ARROWROOT AND APPLES

ARROWROOT is a time-honoured

Invalid food, and cooked apples are allowed in most convalescent diets. An attractive way of com- bining the two is, this.

ordinary way, using two ounces to Make the arrowroot in tho half a pint of milk. Bell it for five minutes and sweeton slightly. Cut up a good-sized cooking apple pieces in a small ple-dish and put ng for fritters, spread out the

a blob of the Invalid's favourite

An anonymous although authorl- tative statement of New Deal policy not long ago, foretold the typo of legislation planned by the Adminis tration. This exposition advanced the argument that the interests of the banks and the people did not always coincide. At last Mr. Roosevelt's foremost advisers were said to seek additional control over banks to enable the Government to compel consideration of masa in- terests, whenever the two were inrrowroot, and bake the dish for terests above purely banking in jam on ench. Pour over the hot confilet. Whether there is any

half-an-hour in a moderate oven. conflict at all is a matter for debate which will resound during

con- sidoration of the Bank Bill.

Senator Thomas has introduced a Contral Barik Bill going further than the Administration plan. He would have the Government pur- chase all stock in the Federal Reserve Banks-there are 12 of them-now owned by the member banks. Senator Cutting, Republi- can of New Mexico, is drafting a

It can be enriched and given a more "taking" appearance by the addition of an egg, Add the beaten yolk to the bolled arrowroot (allowing thi to cool a little first), then, when the pudding is cooked, whip the white atimy, pile it on top and brown it attractively in the oven.

-

MARCH 25, 1935.-

MANILA QUAKE DANGER

CITY'S FOUNDATIONS NOT SECURE

DISASTERS RECALLED

Manila,~P~~-

An earthquake of latenalty VIII for IX would undoubtedly result in serious damage to the city of Manila, and might possibly be disastrous in its effects, according to Dr. Leopoldo Faustino, Assistant Director of the Bureau of Selence.

Dr. Faustino warned that the earthquake huzzard has been given little attention in the city of Manila and that it is time to con- sider the fact that most of Manila Is built on lled ground and loose [ sand and gravel sedimont

The science executive pointed to andings of the California Earth- quake Commission, as well as the preliminary,report on the Japanese earthquake, to show conclusively that Manila is not bullt to stand against severe horizontal oscilla- tion. Both reports stressed that earthquakes are most destructive to buildings and structures erected on loose sediment whereon the jority of Manila's buildings aro erected,

The islands Ile in one of the two earthquake, belts of the world, Dr. Faustino asserts. The "one Includ- Ing the Philippines encircles tho Pacific basin. The most destruc- tive earthquakes on record in the past 25 years have occurred in this belt.

These include the Yakutat Bay earthquake (Alaska), the 1906 San Francisco earthquake, and the 1923 Japanese earthqunke.

Although Manila is frequently rocked by tremors of intensity IV, and sometimes V and VI, doing little or no damage, history recalls disastrous earthquakes in 1645 and

1803.

1

In 1863 the Cathedral of Manila, and nearly 600 private houses were 46 public buildings and churches destroyed. Nearly 2,000 buildings were damaged. Over 400 persons were killed and around 2,000 in- Jured in one way or another,

out that this was the extent of However, Dr. Faustino points destruction in times when there and were no imposing edifices of stone steel, and when two-storey houses were considered. "sky- встаррега."

similar bill. The outright bank MIXED MARRIAGE To-day, Manila has many five and

centrists probably would take the Administration Bill an 4 com- promise on the theory that the Administration is coming closer to their views than they had expect

cd.

any

IN LEITH

UNUSUAL SCENE IN ROMAN CHURCH

PROTESTANT PROTEST

There was an unusual scene at a mixed marrings in St Mary's

seven-storey office buildings, hotels and apartment houses. More are being constructed ́each year.

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OUR BRITISH CROSSWORDS

Acroma

1 Short and thick, like a used-up

cheque book.

4 Cluse quarters for an argument. Is a son to be turned into a poet? 10 Sound advice to an hotel in a

French townL

It is with regards-to-future con-12 The kind of pull that's very struction that Dr. Faustino's warn- ! ing is particularly United Press.

weak. directed. 13 This goes on after dinner.

16 Eighteen goes in three times, and makes very little of a livell boad 16 Elbow work. 17 This ant is waiting.

of peuple, less than a dozen, entered the church and called out that they, protested against the marriage.

The clergyman asked them if

family and, finding that they did. not, he told them the church was no place in which to cause a dis- turbance.

into the building at that moment, Another priest, who had hurried asked the proteators to withdraw. and they at once did so.

Amendments to carry the Ad- ministration bill to the extreme of government ownership of Federal Reserve Bank stock will be offered in the Senate. They will be reject ed. There is no doubt that President Roosevelt can keep Con- gregs within the limits of the legislation as now drafted to ex- pund-Reserve Board control over Roman Catholic Church, Leitl, they directly represented the private banks.

number of people who, it is under Much moro kely than

stood, belong to the Protestant radical amendment is the possiAction Society making a protest blity the Administration may against the wedding taking place. decide the bank issue is too hot to The bridegroom Is. a Roman handle this session. New Deal Catholic and the bride a Protest legislation is encountering serious ant, and it appears that the pro- Congressional obstacles. Senator teators wanted the marriage stopped Glass's stand against amendment of, because the father of the bride was the Federal Reserve Act will be a at present at sea and that he rallying point for the Republican should have an opportunity of be And Democratic conservatives. Ing consulted in the matter.

A crowd, however, assembled at Mr. Roosevelt's Congressional After the service one of he the Constitution Street gates of leaders shortly will be telling him officiating clergymen, discussing the church, and as it was clear to avoid unnecessary trouble at this the incident, stated that the couple that a disturbance might ariso session. Ile is not committed to came to him and expressed their when the young married couple Bank legislation. There is no men- desire to be married, and as they were leaving, it was decided to tion of it in his annual message. had the certificate and everything | telephone to the police for assist-

If opponents of the "Central was in order, the ceremony was anco, Bank Bill are willing to fight, arranged.

Several officers were at once they can stop it, at least for the In the forenoon, just as the ser-sent to the scene, but time being-United Press.

vico was beginning, a small grow turbance occurred.

འས་སྐད་

SALESMAN SAM

The ceremony then proceeded without further interruption.

no

dis-

Anyway, He Was Crooked!

22 Why is this not eaten? It's

quite estable.

24 What is it that goes up at the same time that it goes down? 27 It would be charity to give it a little article. That's the line to

take.

28 Teli cook when she puts it in the oven not to drop half: the other half can go to the dogs, 31 She gives a zest to the meal.

closely attached

32 This

to

33 No matter how you pronounce it,

venison.

you can always get a meal in this boat. 34 Licensed to use his care.

4

35 Circuits that cover a great deal

of ground.

Down

1 It's simply trifling to make

Joyful noise about wine, isn't it? How the convivial gentleman may bo on his legs when ten has been taken aboard.

3 You'll use it here, probably, when you find it. See the point? 5 Suing wrongly.

Fathere

10

35

7 Draw out.

Tel. 67632.

21270.

ի

58045.

58006.

20071.

28088.

120

121

18 Doing nothing pleasantly,

11 Sweetly or sourly or similarly.

14 Reminds me of any solver clad

in all wool.

18. Copper. This describes a kitchen. maid preparing the potatoes.

50

10 Why are the accountanta

cnutious when the bird 18 dissected?

20 Racial

21 Ono may meet bores in those on horseback; even big guns are not exempt.

23 Though it might be a bid-for fortune 7-it's illegal in Kimber- Joy.

25 You may think It sounds risky

to play like this.

20 Investmonta that bring their own

punishment.

20 Hurry. 30 Think

Saturday's Solution CAPS COMMINUTE

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LINDD T OONSTITUTE NEWS

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OH, OH! FRANKIE AND HIS WIFE. ARE GETTIN' ALONG TH' SAME

AS USUAL!

WATT STREE

WAIT RIGHT HERE, FRANKIE, AND I'LL RUSH DOWN TO THỂ STORE AN' GET SOME ARNICA AN TAPE! WHAT WAS

„TH' TROUBLE, THIS TIME?

AW,TH' MISSUS THREW SOME FLOWERS AT ME

ANA TANTRUM!

TANTRUM, NUTHIN'! THIS IS JUST AN",

ORDINARY FLOWER POT!