Word: silver
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Dates: during 1930-1939
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...days after three bullets put the Premier of China to bed (see above), Acting Premier & Finance Minister Dr. H. H. Kung abruptly "Nationalized" the age-old basis of Chinese money, silver. Chinese could still hoard all the gold they pleased, but Dr. Kung made it treason for Chinese to hold silver which he ordered into the Government's banks. To a nation that has never had any great confidence in paper, the Chinese Government decreed that its paper is legal tender and not redeemable in either silver or gold...
Significance. As Dr. Kung warned Washington last spring, President Roosevelt's jacking up of the world price of silver (TIME, April 22) could only disorganize the price structure of China and drive her off the silver standard. The question was last week whether Mr. Roosevelt had driven China into the fiscal arms of Britain. Sir Frederick Leith-Ross of the British Exchequer has been in China for some weeks. He is rumored to have made available ?10,000,000 as a "monetary re-organization loan" to Nanking, with Chinese currency to be linked with the pound sterling. This last...
...Silver Slipper (Broadway and W. 48th) beats a bevy of beauties...
...Harvard-Yale Intramural Championship Trophy has been presented to the two universities by Edward S. Harkness of New York City. The trophy is a silver two-handled cup, made in London in 1770 by the English silversmith Robert Schofield...
Raymond E. Helie, of Cambridge, convicted of theft of silverware from Adams House was given a year's suspended sentence and banned from Massachusetts yesterday. Helie was captured in Providence, and several pieces of silver were found on his person. The Harvard initials on the silver had been filed down and replaced with the thief...