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...They loaned the Bank of England approximately $643,000,000 (TIME Aug. 17 et seq.) which proved not enough to keep the pound on gold. * Bryan's ratio was 16 to 1. Today an ounce of gold will buy approximately 70 oz. of silver...
...with big depth bombs and small depth bombs, grim Italian divers have blown and bubbled their way slowly nearer to a bullion treasure of $5,000,000 sunk off the west coast of France in the strong room of the foundered British liner Egypt (TIME, Sept. 8, 1930 et seq.). Last week with the treasure almost grasped, the Italian diver ship Artiglio II ran out of wine & spaghetti, promptly put back to the harbor of Brest. There, while she took on cases of spaghetti and 600 litres of the scorching red wine that Italian seamen like, her divers talked, showed...
...talk was mostly about an aerial survey of China's stricken flood area (TIME, Aug. 24 et seq.) begun last week by the Lindberghs. Already they had made several flights, snapped pictures, plotted flood maps...
...pithy caption: "Not British Discipline." Since then British Discipline has suffered many a rude shock. There was the disgraceful affair off Malta in 1928 when Rear Admiral Bernard St. George Collard was compulsorily retired for shameful conduct, such as insulting Bandmaster Percy Barnacle (TIME, March 6, 1928 et seq.). Last January the crew of the submarine tender Lucia mutinied on a rumor that their Christmas leave was to be cancelled and that they were to paint ship on Sunday (TIME, Jan. 19). All papers last week harked back to the great mutiny of 1797 when the underpaid, scurvy-ridden crews...
When revolution broke in Brazil last October, U. S. Ambassador Edwin Vernon Morgan was on vacation (TIME, Oct. 13 et seq.). When three revolutions in one week gripped Guatemala, U. S. Minister Sheldon Whitehouse was on vacation (TIME, Dec. 29, et seq.). When Alfonso XIII was driven from his throne, U. S. Ambassador Irwin Boyle Laughlin was out of town (TIME, April 20 et seq.). Last week U. S. Ambassador to Japan William Cameron Forbes sailed for a vacation in the U. S. the day Japanese troops captured the Chinese city of Mukden...