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November 12, 1928

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Headlines from November 12, 1928

COOLIDGE DEFINES 'DUTY'; He Declares It 'Mutual'-- Our Part Was 'in Saving Europe From Ruin.' EMPHASIZES NAVAL NEEDS Taking Kellogg Pact on 'Faith' Only, He Says World's Defense Standards Require Cruisers. LIMIT ON MONEY TO EUROPE Executive, in Armistice Speech, Urges 'Business Basis' Loans-- Lauds Nation's War Sacrifice. Replies to Charges of "Isolation." Says Pact Rests Only on Faith. Points to Naval Advantages Abroad. As to Our "Duty" to Europe. McNutt Stresses Veterans' Duty. Honor Paid to Unknown Soldier.

By Special to The New York Times

Pres Coolidge says there is no reason to send capital abroad when money rates are higher here

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POINCARE FORMS HIS FIFTH CABINET, DEFYING RADICALS; The French Premier Gives Up Finance Portfolio, Leaving Him Free for Reparations. CHERON SUCCEEDS HIM IN IT New Ministry Recruited Mainly From Opponents Heretofore of American Debt Settlement. STORMY COURSE LIES AHEAD With Nationalist Right Dominant and Old Feuds With Left Resumed, Lively Sessions Loom in Chamber. Solution Causes Satisfaction. Andre Tardieu's New Post. POINCARE FORMS HIS FIFTH CABINET Poincare Hints at His Plans.

By P.j. Philip. Special Cable To the New York Times

Poincare Cabinet

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Historical Events

SS Vestris

1928SS Vestris sinks approximately 200 miles (320 km) off Hampton Roads, Virginia, killing at least 110 passengers, mostly women and children who die after the vessel is abandoned.[†]

SS Vestris was a 1912 steam ocean liner operated by Lamport and Holt Line and used on its service between New York and the River Plate. On 12 November 1928 she began listing in heavy seas about 200 miles (300 km) off Hampton Roads, Virginia, was abandoned, and sank, killing more than 100 people. Her wreck is thought to lie some 1.2 miles (2 km) beneath the North Atlantic.