February 8, 1936

Golf at Caloocan with Hubert Fox, G. Sinclair and P. Jollye. Went to San Juan to buy a dog for Mrs. Ross and took it to their house. Colette Guest and Kuka Guest came to our house to call.

Jollye says that Dr. Mitchell, now on the Yolanda, is the man whom Senator Joe Robinson assaulted at the Chevy Chase Club, and for which Robinson was expelled from the Club.

Hubert Fox stated that the price of gold is much more likely to go up than down in the next ten years, and that for the next five years, at least, the Philippines is about the safest place in the world for an investment–and what country can be guaranteed for a longer period than that?

Papers report the arrival of Quintin Paredes in San Francisco and his statement that he was confident of the present for the Commonwealth, but was dubious of the future; saying: “we are not unmindful of the difficulties ahead particularly in the matter of graduated export taxes which begin within the next few years. We are sure that in your sense of generosity and responsibility you will not cast us loose.” This statement looks bad–probably he added some words which were unreported in the cable such as adding: “without fairer provisions for our future”–but as it stands it undermines Quezon’s position with the independistas here.

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