Tllil CENTRAL GUARDIAN p BY SIR T.

vvvvvvvvGGv

‘ Matinee 3.15 '- - Night 7 and 8.45

w" DOUGLAS FAIRBANKS

Arena tonight.

Royal Bllik Buildings. ‘

latest improvements at Patons Ltd

NOT|OE.—Flsliing in

l1‘ PAVO to bu! in this Province GOOD ICEr-EXCQIIBD! music at 7722

DR. ROOIINB. Dental Parlors. GBII-S-flllltf.

esev OARRIAGES of style and 7722M

HARD CHESNUT COAL and the best soft coals at A. Pickard d: Co. .7556~3-17-ME3l

_ \ Hunter River lilill pond strictly prohibit»

OOLORIT! in every shade recei- ved at Johnson and Johnson's. . i ‘IGOHJSMESI

THREE COUPON! and 98 cents will get. you a new University Dictionary. Send postage for ont- of-town orders. 728B.

._._.... .

SiPiEOIAL SKATE for the poor it the Arena tonight. Tickets onl-y twenyt-flve cents. 772

GOAL. ORDER YOUR COAL TODAY while the haulingiyia clean and dry. A. Pickard &.-,Oo. Phone 240.‘ . 7550-3-17-101-131

DlOTlONARlE5..0i1ly a‘ limited

..5=' . .1"

t.

F;

0H"

ETi-ia

Continued From Page Nine.

amouiit . owned l-was very small. It was a perfectly healthy situa- tion because our loans had been 2 distributed all over Canada among probably two or three millions oi people. They are the bond holders of Canada; they have got that stake agwell as otller stakes in the colli- What about our segllrb. ties, and from a market standpoint? No country ill the worid——including

lnunlty.

I

' of the taxable loan are 96 and 07; the securities of the tax~free loan are at or slightly above par. In other words the ad- vantage oi’ the free-tax privil- ege is s. real market factor, which brings about n constariit buying oweli in tho country, which in turn tends to keep your ‘market right. Now, I say further to tho hon. member for Red Deer that on his ‘assumption-in which I do" not agree, and i will state HIILTBRBOII

‘willu

, a

Don't life to csoa

Stop Drive it out of DOMINION C. B.

and Ncilmlgia. ' colds and may quick relief.

red box.

Co. of Canada, Limited.

A ,~ iris-senile.‘ 1000;»;

nous tiiirouti 00w DSVELOPmgzAORlPPl on y

give it a chalice toiay yon in bed for several weeks with a bad attack of Grippa or make you fl the clutches o

"A simp s little cold" is a very dan- gerous malady to belittle the cold as soon our system with

ht for yonr Pneumonia.

‘as it appears. .

TiieseTnbleia of Oaacara. Bromide and Quinine break up a cold in a few hours -clear the head-filicvc the Headache

e be re led upon to give

are specific for

Have you a C. B. Q. Red Boa iii your

, house? If not. get one to<ia drilggisik-i so that if you do eel a cold coining on, you can‘ few doses of DOMIN _ National Drug and Chemical

at your

ct rid of it with a ON C.B.Q. in the

‘Br

Great Britain that imy lion. friend so properly holds up as an example —Wh€re the Victory Loan securi-

later-that on his assumption if we had pllt out all the loans- $2,000,000.000 of securities-on a

Patterson. 7605-3-15-ME5i

"at ihilteiiottei

ed by order of J. IW. quantity on hand. Get yours today,

only 98 cents. _» 7285.

DOMINION C.B.Q.

Ywvvwv

Buckaroo”

7—Startling Fast Moving Acts—-7

Athletic Douglas Fairbanks in the best and fastest moving picture of his screen career.

A story that moves so fast that the director put “Doug" in jail to g’ve the Audience a chance ' to get its breath.

Rapid —Fire Humor-Swift moving drama and thrilling stunts.

“The Living Grave” Fifth Sensational Episode of . “Smashing, Barriers”

Big Bluff and Bowling Balls BIG VITAGRAPH COMEDY

¢¢¢#¢v¢#¢v¢¢¢¢‘¢¢

4»

vw

¢a““xk‘axkxk‘i a A; _._..._._ P‘.-

l

“BRISCUE” The Car With thc "Half A Million Dollar Motor?’

There ls not a more “clzissy" looking car on the road than v

the economical “Briscoe-"

The equipment docs justice to the wonderful "Half-Mill- lon-Dollar-Motor" and beautiful body. The cowl and dash ar- ranqemcnt ls finished in best mahogany. The tonncau light adds a refinement which at once lifts the "Briscoc" out of the ordinary run of moderate prlccd motor cora-

Thg following Briscoe prices arc F. O. B. Brockvlllc, Ont. Standard Touring $1325.00. Special Touring 31410-00- BPIWM models will be in the H8110: of dealers shortly. The)! Wl" "it" scan at the Motor Show on account of being tied up l" he freight congestion on the mainland.

COLIN H. STEWART §

Summerside . t 1 4

Distributors for Prince Edward island a g a a a x a a A

‘ -~ ‘c 5 a.

5 a, “rol-s-ialvizi.

s-

[EASTER

Distinctive Easter _Carcls_ and Easter Stationery in keeping with this Joy- ful season.

O O

Beautifully boxed candies in Easter colorings. Home-made candies.

The kind that has made our Confectionery Dept. famous.

Made fresh each day, and boxed to suit the individual taste.

O O

Imported perfumes-Jibilet waters, -lotions, etc., in combination or sin- gle gift boxes. '

> ééév

WHO ARE THE MAKIERS OF CANADAT-d-Ion. 1i‘. J. Nash ,wi_ll tell you at the CaledontaiFClub Monday evening at 8 o'clock. Ever,"

oilc welcome. i‘ 7I201-3-19-fiVI E21.

CAVENDlsH.-—Tlle Rev. John Stirling will preach next Sunday in New Glasgow- at 11 a. m. ill North ftustico at 3 p. nl. and in CZIVCIIIIlBlI at 7 p. ill.

BRADALBANE.-—Mr Samuel Prof itt will speak next Sunday on tlu- lntornniional Student Voluntcei (‘onveution to which he was a dole gute. In flosi- Valley at ii p. in. and in Brudalbunt- at 7 p. m.

SPLENDID SPEECHES, BAND iliusic. etc, at thc Auto Show to night. Programme starts at 8 p. ‘m. Be early toiliglit. Visit till HIIOW and sec the autos. Hear tllc spcceclles and music.

- 77093180111321

EARNSCLlFFE-Messrs Aniby and James Doyle have started in to‘ finish pressing the remainder oi thesurplus hay crop for our farm era, which they were engaged in last fall when their work was halt- ed by the storniy weather. Amby and Jim have a great hay press and they know llow to handle it to best advantage. too; as their aver- age work is‘ two tolls. three hun- dred pounds an hour. One day since they started pressing they pressed thirty seven hundred lbs.. or twenty four bales ill thirty three nlinutes.—Last iveek we got our mnil four times. "Great record! In February we would actually get our Illilll three times s week. Some body is asleep at the switch. Guardian readers want their papel every (lay. ls Mr. Wliear ill his 0f- Pice this ivillter?.—-Mr. Frank Mulch and his boys. ‘Roy and lloilglltou put their lllud‘ iliggcr oilt on Powiial Bay last Thursday and iirc new getting llOlllP large quan- lilies of that valuable fertilizer.» Mi". lleilry"'\'oillig returllctl hunlc Siludzly from il visit with his broth or. Mr. Robert Young. Mill Cove Wily don't you come down to see us some tiulc. Robert? There will liltcly he zl large number of fa! i-illtlo for rlllll‘ hero lllls spring, 0n licrouni oftiiu big bonus reccivieil liisi spring by those furthers who sold ml a lisiilg nlarkew-Q.

WOMEN'S AUXlLlARY.—.-\t illf lllflflllllg of thc W-ouleifs Ailxiliilrl: of thc Cllilrch of England held lu St. Peter's Scllnrllroolil on “lcilnes till)‘ rcpolts silbluittcd showed‘ re~ ccipts (luring tllo year of over $1400 wllilc ‘bales of clothing, costing

- $217, were sent to needy missions

'i‘llc retiring president. Mrs. Slnlp- son, gave a nlost interesting ud- IITBSS giving a resume ot’ the work of the society since its beginning llcre in i897. Mrs. Simpson was prc seated with a complimentary _a<l- dress and a Dominion Life Mem~ berslllp certificate and badge by the members throughout the Pro vinco in loving appreciation of her years of service. Diocesans Lift- MGIIIDDTSlIIIIS were presented to Mm. A. ‘l3. Wnrburton, Miss Aud- rcy DcBlols, Mrs. W. E. I-ly-ildman. Mrs. Chester Acorn, Mrs. A. B. (‘osil and Miss Margaret Cotton. Tho following officers were elected for the coming-yean-Hon. Pres lilent, Mrs. Simpson. President. Mrs Raymond. 1st Vice Prcs., Mrs. W. Ii. Cotton, 2nd Vlco Pres, Mrs A. W. llolroyil, 3rd Vice Pros, Mrs. C. A. Woodman, Rec. Secretary, Ail-s. Bousficltl. Cor. Secretary, Mrs (‘os-h, Dorcas Secretary, Miss Hav- llzliltl, 'l‘liank offering Secretary, Mrs. J. Profit, Ccllt-a-wcek Soc. Mrs. John Pierce, Babies Branch Secretary. Mrs. A. D. W. Willie, Junior Sircrctary, Miss M. Essory. 'l‘rczisul'er, Miss Elaine Aitkun. leaflet Editor, Miss M. Cotton. Prayer Partners Secretary, Mrs. T. J. llarrls. ,

llints for tlie llouslewife

Our stocks. of nlatresses is very large and we claim to have the beat for the least money. Our iron beds and wire springs ilrive hail a reputation that has sold thousands forus. Why not collie here and be convinced that we sell the quality and can give you the goods hulne the same day as you

orilcr it. PATONS LTD. 7924-3-l4dVIiE2i.

Charlottetown School oi Music

corner Prince all! Grafton DIRECTOR

PROF. WM. E. FLETCHER- A. R. C. M" A. Ti C. L.

Sta .

Saturday $1.00. Prowse Bros.

over sweaters, fine hose and gloves.

J. A. lilgrnllniu, Wolfville; B. S. Si. D. J. Greig, Vaigllt, New York; A. Scliarpe, Ot-

ifllVilj 5-:

Beer, Suiumcrsiilc; J. K. hlcEach-

also,

A SPECIAL LINE or worsens VOILE waists ill white-only. Special end of 1he tixcillli one.

7728-3-19ME2i

BY EXPRESS.—-Elcgant shades Heather Farm for knitting. -Pull

llrowse Bros, Ltd. 7693-3-18ME2i

W O M E N 8 DOUBLE SILK GLOVES ill mode or grey shade. Price $1.75. Prowse Ilros.

7728-3-19M-E2i

PERSONALS

havc put the loans out at such

politics oven.

Messrs. Jtllllvl-l lliclicotl and J. iI. liicGregor of Montague, were visitors to the city yesterday.

stand up in tho liiurkct.

not ivant-to realize at a loss. the present the stockholders

Dr. Porter has wired Mr. Joseph McCnrey that lie will arrivtfFrl- day night to make certain of his engagement flir (Saturday n-fter- noon.

b Il t.

_____ , . .17 Mrs. Mary Mcinilis. who has been nmrknt ‘mum in Boston the past year or two is visiting friends at her old home in Eurnscliffe, all of whom are very pleased to see her again-Q. ——_<0>---_

HOTEL ARRIVALS

VICTORIA HOTEL

our securities. war lCanadn was in a position say:

500,000 soldiers overseas

Mrs. E. Power, Gasperaux; J. S. Ackhllrst, Halifax; H. W. Car- ry. Halifax; F. ll. Mason. Fred- ericton, N. B.; A. S. Harding, St. John; W. il-iorley. ‘Toronto; V. Woods, 'i‘oroutil; W. T. Zuicker, Halifax; C. lilcKeowll. Ottawa;

Abbott, 'l‘oi'outo; .~\. McLaclilali, John; G. E. Bailey. New York; R. M. Desmond, New York; Byroilville; B. II.

fore posterity.

J. G. Simpson. Amherst. N. A. hlclstiiic. (‘ity; A. R. ' v York City; C. Roach, Atuliei‘ . J, hit-Lean, North Wilislt

.___-¢4>——- REVERE HOTEL.

J‘ appeal.

Louis hlcllolliilil, Montreal; G. M. liens‘. i\'l0llii‘t>ill§- G. t‘. (‘oltelu D. A. hit-Isaac, Antigon-

. ., Frank Iluglles, Toronto;

G. Frizzcll. Keilsirlgtoil; Wailing. 'l‘rilro; Mr. ilnd VVllllfllllS, “Winnipeg; (l. B.

ed tho purchase oi‘

of our luuu; ililil we eru, Sourls; Earl INBCOIIPSC)‘, Si. ‘ John; t‘. T, Ilysltlp, Buffalo; L. I). l)."iigic,_ linllftlx; Jns. Iiowiitt, Try- on; P. ltrillagllnil, Killkora; Cortical Cape Traverse; A. A. Truelllun. ilillfflXj George sllflfli, Detroit; J. J. McG-ilvcry, Vernon; W. R. Callaghan, St. Lou- is; J. A. Lyman, Tryorl; John Steele. Summcrsidc; J. C, Jnrillnc, Summerside.

W. B. McArthur. Kenslngton- l). liiurcliison, Victoria; R, ville-t‘ Victoria; A. ll‘. McQuaid, Souris; G‘. C. McNeil}, Sydney; R. W. Mc- -\@ill. Sydney: 1-‘. T. Nelligan, s. n. ll-I S._J. McDonald, S. I). Us, A. M. glllifll,‘ Boston; W, C355, $_ ])_ ll- F- -l.- blavlvwu. S. D. 11.; rain P- Hughes. S. i). U.; J. Giinflllflll, S. D. U. W. It. Durant, Summer- filde; A. B. Palmer, Summcrside; G. MucCormuck, New Glasgow, N. E. Bradley, Truro; S. l-luglics, Frill"; H- A- Spray. Sunlniersidc; i’. A. Campbell, Baltic; H, Murphy- Souris: J. S. Jarvis. liai- tlc; Goo. Baslcr, Suinlllcrsidc. James P. White. Georgetown; I’. McPllce. Georgetown; 1i, 1f, Nich- olson, Georgetown; J. A. McCar- thy, Georgetown; A. D. MoLellilil, Georgetown; A. Freedman, St. John C. A. McDonald. Milntagilc; J. S. U. Jiirdiiic, Ifl-cctown: E. A. Mallar- Albertoii; W. II. Harris, New (lins- gaw N. S.; R. ll. floss St. Paula, lll.. E. Ii. Palmer, Amherst; J. Long, 'l‘orolito; W. S. Woods, lIzillfnx; Ilurry Iloobert, Sillnlllcr- ‘side; Geo. Johnston, Tyuc, ‘Valley.

—i<-o

Allenbylssues - Strong Proclamation

(Special to The Gutialfdian.) CAIRO. Milrcli llirflflelti‘

DB/WSOII, illo Pacific

our loan.

for subscriptions

that Victory Loan

(JESS.

fortunate time to ptlt ilient forward.

tax-free. Tho

the Government. your, bcforc leaving called

ofllcn.

tiixzllllc issue. The situation

iiixlllllo lSHIII‘. 'l‘liel'i: was

ilblcst ‘bond cxpcri s.

you can hold it out, llccailsc it is little oill

we expect will prevail." My vossor, ‘Sir l-lenrii Drllyton.

Mar--

tics stood at par or above. at the _ Canada-not 1H 11W Ulllied Siates- 9°92- ail the Victory iLoan securities today How did the bond owners feel all’ ‘vould be m 90 m. lower, gm- the“, 0W1‘ the cllllllifl’? I WWW m“? m‘ ls no market situation to sustain have all the bond holders of Cali- them, ‘ ads here that took Victory Loans but you could not gather them ill a little light on the question of ex- Ottawil, the place is too small- nno million and a half and two mil- lions of them; Yet my hon. friend gets up and contends we should

figure illry would be down to 90' now ,li'lSif_§ilil of par wllcrc my tax- free bonds are. lfhat is not good Tllo public in tau cnilntry that lulvc bought Govern- ment bonds like. to soc those bonds Because they liectl money frolll time to il-‘iiltl they want to realize, and lliey do Tukc insurance companies that re- iiilcrest not only oi‘ policy holders. Supposing ill the United States they wrote down their securities to tllo In this icountry they can show them the market value and there is no loss to policy holders of insurance companies who took tens or millions of dollars of At the close of the to The Ipublic of this country subscribed enough money to send _ and to fight thousands of miles from tlieii base; to provide the necessary cre- dits for the purchase of our agri- cultural ilnd other products; and at. the end of the ivar our banks had no securities had made loans upon securities to only a limited Lilllflllill. and our accounts stood far above par on our stock exchange. I will rest my reputation upon that statement before tllis House and be-

Vlllrv, lilr. Speaker. we appealed to the public to save, By a publi- city twalllpalgu, by direct personal by every proper method we asked oilr people rich and poor, to sure their IIIOIIE)’ and give it to the ‘Government in return for our securities; we took possession oi the. ecurltics illarketed‘ ill Canada nutl would lint allow issues to be lmldo except for pfiSPlllifll IIIIPDOSGS; we shut Inxilrics out of (Iimaila by Ortlcl" iii Council; through our houd housesi illltl our bunks we ilisconrug- ;\llL‘.,‘lt)-Fl‘t}l\ClI and other securities in New York iii order that all tile iuolicy 0f Canada might be ilVllllillllt‘ for the purposes appealed through our Victory Louri organiza- llml-ihe greatest tlritilililtlilfln ever llllt ivgcilici‘ by any country dur- ing tho wiir-—frolll tlic Atlantic to i0 No Minister of Finance over hail such all instrument as organization, which, with the patriotism of our peole, made those grout loans u suc-

Now, lny lion. friend from Red Deer (Mr. (flilrk) says: "You nlnile the bonds tux-free." Unhappily for hlin llc has taken a particularly un- tliat argu- It would have scour‘ cil mori- weighty last ycar than this. [inst ‘Pall wc pill oilt ii taxable loan, ,Wil,L‘l'0tl5 bcforo olir loans had been responsibility for that is upon tllc Government, nnil tho credit, if any, for it. is due to in Jilly of last

together tho loading ‘iilvlll- bcrs of tho Vliwiory lifiilll organiza- .01.‘.":::';t.."::"tt:.1:-~- 00..- i. uiinb ‘among other things whcthcr m“ cmlntry who (‘Grave a subsum‘

i ' " ' tin; advantage

' . ll: . bl - i

rng-faiigzwulililgniirlliggntlltdiibathlit(if ll I m" tnxmm“ hnnds’ My hon‘ friend could ho ilnlio, I would prefer iii", lulil cleiircil :1 i: cut iii-ill since tllo Will‘. our sucurltlczi WOfn llll selling on at better basis. and we came to thu- ll. cmifiltlsloil llml. we should try thc- K011i" ilisscnt. on the part of a fcw of the They slllil,, “You will got tho loan out. bilt we. lire fl littlc iloubtfill its in whether,

taxable basis, instead as we did most of them on u tax-free basis.

Q What has happened the last few nioiits is this, and it throws

change-which I am coming to a little later-spoken of "by the hon. member for Red Deer in terms rather derogatory to myself: Our exchange has gone down compared with the United States’; but Great Britain's exchange is lower. Un- loss my hon. friend the Minister of Finzlilco (Sir I-Icnry Drsyton) had tilkon the stops which he recently took, Great Britain would sell back to us or would offer in our markets tiic securities of our municipalities, —of our provinces, the securities lzutlranteed by thc Dominion and by the provinces that we sold to her

ll.

years overseas-silo would have sold and continued to sell those here until ,our exchange dropped to" the level of sterling exchange; that is what would have happened.

I told my hon friend what would have happened on this theory that we put out 5% per cent taxable bonds during the war. Now I will tell him that we could not have done it even if we desired to do so. Tilere are two essentials, Mr. Speaker, which a Finance Minister must consider when he is ‘putting out a loan, and lie makes a great mistake if he overlooks either. In the first place. he must get his illoney—tho offering must be a silecess; and. in the second ‘Dlace. lie nlust consider the market silli- zltion after the loan. especially if he is going back for another loan. You have got to look a little furth- er than the enil of your nose in public finance where you are offer- ing large loans which, to a certain extent, are taken on the inspiration of patriotism. I might at the start have put out a 5% per cent Victory Loan taxable, and the public would have taken, not as lnilch as I got. but a very substantial amount. — although I know we could not have got anything like the amount we did get because those, skilled ill ln~ rvcstulcilts could have bought‘ scori-s of securities of the highest quality in New York to yield as high as 7, 8 and 9 per cent. iilllolig iltllers the _ Ailglo-Freuch loan bucked by the credit of Great Britian and Frailce.

Supposing I had put thc first loan out taxable at 5% per cent. the trouble is it would not stay out. it would keep coming have finished the war on a 61,4; lu- stabilizo the market I should have had to pay out tells of millions of dollars to keep that loan up, so that when I went Iback to the pub lic my loans would get the recep tloh which our subsequent loans were accorded. because my loans were as n illatter of fact stabilized. I say to my hon. 'fricnd_ from Red Door, and that there, is not a financial nmn in this country of high, standing who will contra/dict mo, that if we‘ bad put out taxable loans during the war we would have finished the war on i1 6% in- stcatl of a 5% per cent. basis. What would have ‘been the result? My successor would have his interest charges increas- til in respect to the debt l t-r m)... $10,000,000 to $15,000,- 000, and he would not have got one fraction of that amount. back from

from purchasing

might. say "Well, I would rather ‘that tho ilominion Government ‘iillaillil liiivo to pay $10,000,000 or i$lF-,000.000 ‘more rather than A. B. liiilil t‘... wealthy liloll, should be liiblc ‘to buy izlx-frco bonds and not [pay thc filll amount of taxation w-illlcil for by the legislation of fills ‘llarllnllit-ilt." Well, I would not. You have got ‘to look lit this thing as a whole. Any I-‘lilancc Minister a looks at his balance sheet, lie

of scale with the price Wlluts to fit‘! his best results there; of securities today, nnil those which and that is what we got.

suc- wllo wit] an income-of sny$11,000de|-1v. threw lliillsolf with great energy ed rom $200,000 of tax-free bonds‘ nnil enthuslusln and ability into the' d-oes not pay any tcnmpaign, was nblc. I tun glad to Ntftllcr does lie.

It is oftenpilt forward that a man

income tax. But what could

“Mn Anenm" Bruish mg“ mm" say to lllilkP a great silccess of that hp do" Hi- coilld (10 wlmg men u“.

JIIlSiIlOIIEI‘ in Egypt lliltl the Sou- ' has issued a proclamation which stcrnly forbids any ullectlilgs. proceedings or resolutions by the