Decatur Daily Democrat, Volume 28, Number 145, Decatur, Adams County, 19 June 1930 — Page 6

PAGE SIX

CHINA FOLLOWS KEMMERER PLAN OF FISCAL POLICY “Sun” Will be New Gold Currency Unit With 40-Cent Value By Harry W. Frantx UP Staff Correspondent Washington, June 19 —(UP) —The Htm" Is the new Chinese gold currency unit to he introduced to the world when recommendations of the Kemmerer finance commission to the Chinese government are made fully effective. The “sun", to contain 60.1866 centigrames of pure gold, will have a value equivalent to 40 cents in United States currency, and was selected as a unit because its value in gold will be similar to the silver doiiars now current in most parts of China. Oddly enough, the ‘'sun" already is foreshadowed, although not yet actually existent, by the '"new customs gold unit.” identical to 40 c-nts, and established to facilitate the collection of import duties in gold. Even when the “sun" becomes the gold currency standard in China, it will not be minted in gold, as the “qualified gold exchange standard” which it is proposed to establish does not require the actual circulation of gold. Most gold-standard countries do not have gold coins in active circulation. Copper will attain a new dignity in the proposed new Chinese mon- < etary system, as it is intended to

Return Engagement Mr. B. A. Drake, of the Alhambra Shop of Detroit, will be at the 0. K. Beauty shop Monday and Tuesday, June 23 and 24 for a return engagement giving the New Steam-oil process of Permanent Waving. Phone 55 for your appointment 0 K Beauty Shop jOMow priced bargains 7M Come quickly and you R can drive away a good- ■ 1929 Chevrolet Coach running, economical B This car has full equipautomobile at a real ■ ment and is in perfect saving. We are offering I mechanical condition, these two selected ■ With an O. K. (MOE groups, while they last, H that counts, only at $l5O and S2OO. ■ 192 g Chevrolet Coupe Each group provides a ■ Has extra heavy 6 . ply tireß SFa? I ‘ ever, on. full, a quipped I ™* r iUIP, including spare tire I Chevrolet zero test heater Hurry in today—get ■ for winter driving. An yours now! | exceptional buy. (MAF I With an 0. K. \ 11 1927 Chevrolet Coach This car von 1927 chevrolet Cabriolet Coupe „ y .> A real sport car with rumble seat tn aw.i J’™? 11 and full equipment. This car has ... 1 ’ Ll “°, been completely overhauled and IKC new. only refinished and carries an QQOK $195.00 O.K. that counts. Only Kaay G. M. A. C. Tar«m—Small Down Payments—Balance a Few Dollars per Month Decatur Chevrolet Corp N. THIRD ST. PHONE 76

Wales Christens New Liner 11 — Mol ® 5 w c Ww t Wj fw WMi His Royal Highness the Prince the new Canadian Pacific liner, of Wales officiates for the first Empress of Britain, Just after time at the christening of a he had sponsored it. The Prince merchant vessel. This photo, is accompanied by E. W. Beatty, received by radio, shows him president of the line. making a tour of inspection of (intr.n«iion»i N»wsr».i‘

appreciate the value of copper through contraction. The Kemmerer currency report, of which complete text has just been privately circulated here, would provide for silver coins of one sun, 50 cents and 20 cents; nickel coins of 10 cents and o

cents; and copper coins of 1 cent, >•2 cent and 1-5 cent. All coins are to be maintained at parity with the value of the fixed gold unit, and a mechanism is provided whereby th? amount of currency in circulation will vary in the same manner as the amount of currency varies in such countries as the United

l States of Great Britain as a result |of actual imports and exports of j gold. All of the coins, including the I silver “sun,” are to be fiduciary, : and maintained at a parity with ; gold by means of unlimited re- ! demption in drafts on gold-stand-ard countries, or in gold bars, at the option of the government. Financial authorities here, who now have their first opportunity to study the Kemmerer currency report in detail, believe that its fulfillment would be highly advantageous to China, the present chaotic condition of China’s currency is considered a serious handicap to foreign trade and to internal development. China is the only im- • portant country today upon the I silver standard. The present extreme depression in value of silver and unsettled economic conditions in China will naturally impede the realization of China’s monetary reform, but numerous steps taken by the Nationj alist government in recent months are interpreted here as being in 'compliance with the Kemmerer II ecommendations or at least in I consonance with the principles outI lined. They indicate the definite I trend of Chinese fiscal policy toward the gold exchange standard. Such steps were: (1) The decision, now in effect, that customs revenues should be collected "on the gold basis." This decision proves to have been a wise one, as revenues collected have not fluctuated violently, as would have occurred had the silver basis remained in effect during the recent slump in silver. (2) Chinese collection of customs revenues is now on the basis of ‘‘the new customs gold unit," t allied at 40 cents gold, instead of the former Haikwan tael. (3) Coining systems or mints now have been unified, with the principal mint situated in Shanghai. (4) In line with Kemmere’s report, although perhaps not motivated directly by it, was the Chinese prohibition of imports of silver coins; bar silver is permitted to enter. This step is attribtributed to a desire to avoid additional confusion in the currency system at a time w’hen reforms are contemplated. Simultaneously the expoit of gold was embargoed. The Kemmerer currency report covers 206 sheets, with numerous maps and charts. The commission also prepared reports on taxation, public debts, railways, and other topics which are not yet available here. o New Hard Steel Found London —(UP) — About the time when airplanes will be landing on ?very apai.ment house roof or in the commuter's back yard, science will have aided in perfecting an automobile that won't wear out. One British firm has perfected a steel so hard it cannot be scratched with '.he sharpest file. o Ban Stunt Flying Berlin —(UP) —Stunt flying has been banned by the Prussian government following two accidents within a week in which areal acrobats were killed. o Explosive Diet Berlin —(UP)— Deciding to end his life Joseph Szigert, a Hungarian miner, swallowed a pound oi iynamite, put some more in his mouth for good measure and lighted a cigarett.

DhCAI’UR DAILY DEMOCRAT THURSDAY, .1 JUNE 19, 1930.

CHILDREN KNOW NEW TESTAMENT SURVEY SHOWS Northwestern Professor Gives Results of Questionnaire to Schools — Chicago, 111., June 19 —(UP) — | School children understand th? meaning of the New Testament passages better than the old. according to a survey by Milton George Geil, of the school of education at Northwestern University, Specifically, the testa, which were conducted among 20,006 school children show that the acts and the epistles are slightly more familiar to children than are the teachings of Jesus. Children living in 70 communities in 19 states and embracing 43 re ligious denominations were solicittAl by Geil in conducting his tests’,, and were selected among pupils in grades ranging from the fifth to the twelfth. Each one was given a list of 60 sei acted scripture sections, with four alternative meanings placed after each one. The pupibi taking the test marked the meaning which he bought correct. Quoting a passage from Luke I which reads: “If any man would I come after me, let him deny him- I self, and take up his cross daily, I and follow me," Geil received var- I ied answers. I Thirteen per cent who answered I interpreted the quotation as mean- I ing that a follower of Christ should I wear a symbol of the cross, which I only six per cent asserted that it. I meant that a Christian life was one I of self-denial. Five per cent reported the pas- I sage referred to the daily life of affliction which is the lot of every Christian. The largest number 76 per cent, understood the passage to mean that a follower of Christ must be willing to endure necessary self-sacrifice and suffering. o Must Have Their Sleep Deauville, —(UP)— The millionaire's playground here has taken legislative steps to make sure that the slumber of none of the millionaires is going to be broken before noon. The municipality voted an anti-noise ordinance making it illegal to make any kind of loud noise in the public thoroughfares. Drums and fifes are particularly forbidden, likewise shouting on the highway, barking of dogs and meowing of cats, automobile horns, and, even n.Cses inside houses which can penetrate beyond the walls. 0 — Mistaken Geography Biighton —(UP) —Fruiterers who were fined for displaying American apples labelled "Home Produce” said that the manageress of their shop thought that California, Washington and Oregon were parts of the British empire. LOSE FAT Safely and Quickly Kruschen Salts —(a perfect combination of the six mineral salts your body must have every day to function properly) purify your blood of harmful acids, and aid the kidneys and bowels to throw off waste material —the continual formation of which is probably the cause of your fat. In this moder nage of living it's impossible to get these salts from the fancy foods you eat—but don't worry just as long as you have Kruschen Salts. Take a half teaspoon every morning in a glass of hot water —little by little that ugly fat disappears, you’ll feel better than ever before —years younger, more energy. You'll soon possess that enviable beauty, clear skin, sparkling eyes, superb figure which only perfect health can impart. An 85c bottle (lasts 4 weeks) at the Cut Rate Drug Co., Holthouse Drug Co., B. J. Smith Drug Co., or any progressive druggist in America. Money tack if Kruschen doesn't convince you that it is the safest, quickest, easiest way to lose fat. Closing Out SALE ALL HATS MUST GO REGARDLESS OF COST! I All styles and colors including silks. KAUFFMAN i HA T SH O P 312 S. First st. s opposite jail 1

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