Monday, November 4, 2013

Monday, 4 November 1929

Rome:  

In a speech marking the 11th anniversary of Italy’s victory at the Battle of Vittorio Veneto, Dictator Benito Mussolini is back to his belligerent talk.  “History teaches us when there are serious crises, it is arms and war which solve them.  If I had the terrible responsibility of governing a country in wartime, I would make a clean sweep of all powers of discord and defeatists.  I would impose stern discipline behind the war front.”  He added that he thought there was too much talk about peace and disarmament in the world.  Vittorio Veneto was the crucial battle in ending combat on the Italian Front in the World War, and a major factor in the end of the entire war two weeks later. 

Kyoto:  

At the Institute of Pacific Relations conference, the topic of Japan’s presence in Manchuria tops the agenda.  Japan maintains troops in Manchuria to protect its South Manchuria Railway concession, as other nations do in their concessions.  However, China alleges that Japanese troops are involved in acts of intimidation and terrorization of the population.  Japan, on the other hand, says its interests in Manchuria are comparable to Great Britain’s interests in Egypt, or the United States’ interests in Cuba.  A Japanese delegate says China, Japan and the rest of the world all really want the same thing in Manchuria.  “Japan is interested in the development of Manchuria so that she may draw on that country for raw materials which she may turn into manufactured products and which she may sell to the steadily increasing population of Manchuria.”  A delegate from Great Britain pays tribute to Japan for helping maintain peace in Manchuria when the rest of China is in turmoil. 

New York:  

The stock market drops 4.5%, reversing the brief rally that followed last week’s crash.
 

London:  

The government begins deliberations in parliament on plans to spend 42 million pounds on unemployment grants and railway and road improvements, in order to provide jobs to Britain’s unemployed, which now number more than 1 million.  Nevertheless, J.H. Thomas, Minister of Employment, is not optimistic that the “blight of unemployment” can be wiped out so easily.  “In some districts of the country there is no hope whatever of work for thousands and hundreds of thousands of our fellow men, no matter what is done.” 



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