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CHARLUTTETOWN, CANADA. TUESDAY, MARCH 15, 1932

Read by Everybody Covers Prince Edward Island Like the Dew

lilI_ll_ANBE

‘e Minister Ben- mn Forecasts Tightening of State control Over Insur- ance Companies.

.. AWA, 0nt., March 14 — (By Canadian Press) -- Tnhtening pm control over insurance . .. was forecast in the oi Commons tonight by Pre- itb. Bennett. An lnvestgdtion up business might be held some

uniting with the Dominion. . wee it is to the public inter- mi there should be‘ a central oi insurance."

he stringent restrictions on the rights of insurance com-I _ _ may be imposed, said thlll Minister who admitted he not satisfied with the existinB “ cfthe Federal insurance laws- _ frldcd the House that hé Bd- It one time restricting in- companies tothe Dllrehfllle llmlnlon of Canada. four per bonds.

llchsel Luchovlch, United Farm- uember for Vegreville predpitat- from m insurance questions -i he advocated a parliamentary

ouncil

EN T n iii iNlRiii or

Debentures to the

City Council last night. The finance committee oi

C. N. R- and Province of Ontario.

a very large audience of citaens.

of a lengthy speech, read at the opening of the meeting. To balance the budget, the May-

their Irdnds to do

taxes. This would be necessary if the city is to "come out of the spree" of excessive expenditure and get on a sound financial basis.

The Mayor panted a gloomy pic- ture of the prospects if the sugges- tions he had in mind wero not car'- ried out. His statements were largo-

letters in the press.

Attacking The Guardian for its reference to the secretive manner in which a recent special meetinB of the city Council was held, the

. ligation of the affairs of the Life Assurance Company and iiorth American L‘i’e Assurance ‘ pony. Basing his charges on ul- attributed to the Journ- iiCommerce a Toronto financial ~ . the Alberta member said . reports had spread the fear maladministration and ques-I le practices had endangered

(Continued on Page '1)

OUNCEMENTS. COMING EVENTS. MEETINGS. ETC

"Bee Kathleen Mavourneen the '- St. Patrick's play at Hopej "l. Marc-h 1'1. 1536-3-12-51 r

‘Reserve Friday, March 18, for i‘ social and program in Corn- Hall, 1459-8-14-21 _ "cllllaucll Concert in Hall i‘ y. March 17th. If not flne, " - R r ants. Admission 1478-3-15-21.

1 l

-en Line Club loading Hogs, , Calves. Thursday, March ' Stock must be listed. w. a. ‘ "mi-aw. 1473-3-15-31.

"Wehead Club loading hogs BY afternoon, March 6th. g_ "lll-it be listed. James Allen,

- 1460-3-15-11.

u "ii _ “me to the Legion Dance in Hall, Thursday, March 17th. N, on 25c. Lunch served. If

- Friday. March 18th. l4b0-3-14-3i.

"In Mt. Herbert Dflmltid Club Went "The Rood Blck" in “hi” Hall. Thursday, March . ‘listener. first fins night. 1470-3-16-21.

le-Heaoer Hockey, M011- ,, Wednesday. March 1cm. .0‘?! will! College Vs. Impor- g; Ilene Girls Vs. Imperial Sis-

1480-3-15-11.

, i ' ‘lbhded will be i th “waned t “recs vcd byd e 0E0 ‘ihsizlentgldrldglrdzid ‘eh-n =l3té’.'."".2i.i".f.‘3f

.Wiltshlre. im-a-is-zi.

{filly have found insurance to “fat” hgnhm time of trouble ‘m ave you interests “"31" by the largest and y“ Tlllursncs Company in the p,‘ moire. The am Life. .1. A. "lesser. 1440-8-12-41

Mayor declared that “all" the Guardians statements ncerning this meeting were "untrue." Ha ad- mitted, however, that a Guardian reported had called at the G001‘. that the City Clerk had spoken in h'm and told the Guardian repre- sentative that the meeting was "pri- vate." It had not been the cus- om, he sad, to notify the press of spiclal meetings- .

Criticism was also made in the Mayor's statement of the attitude of certain members of the Council who had opposed what he, May!!! Stewart, deemed to be in the best interests of the city.

If the Council members did not wish to redeem their [aw-election promises of economy, he suggested the responsibility was upon them- selve .

If the Council could not W01’! harmoniously with him in effecting economies, and if they were unpre- pared to take the responsibility 01 imposing more taxes, the» Mayor suggested that the lcslslltm be petltoned to amend the Incorpora- tion Act so as to establish “a com- petent and qualified person in man-

lags the affairs of the city on strict-

ly business Drluciblfil" Contemptuously Mayor stews-rt

dismissed complaints he had re-

ceived with respect to the impossib-

amount of 8100.000 are to be issued by the City to pay for unemployment ex- penditure, permanent works and outstanding deficits, according to a dec slon approved of at the first regular monthly meeting of the new

the Council was also authorized to in- vest $105,000 of slnlrng funds in bonds of the Dominion of Canada,

The meeting was attended by the Mayor and full council. There was

To meet expenditure incurred it will be necees y to borrow about m the futum, he San-L and u; , $100,000 for civic financing this year, Wm that some o; c“, nrov- iMsyor Stewart stated in the course

i Coun. Kennedy said

le conditLon of the streets last week. He referred in the some manner to the Councillor of Ward Pour who had brought a specific instance in this’ connection to his attention.

Urges External Audit

Conn. Holman said he had no idea the Council was to hear an address from the Mayor this evening. In view of what the Mayor had stat- ed with respect to the civic finan- ces, he thought it very necessary that an kternal Audit be mad . He drew the CouncTs attention to the fact that the City's overdraft was about $00,000 at the end of the year. The amount of unpaid bills was in the vllfnlty of $1300 at that time. There ~were'many ways by which expenditures might be cut down; but Pwble out of employ-

or said, citizens must make turmeric‘ required to be fed, clothed \ without oer-mud kept warm and perhaps em-i 0n dlsemberklnl; Lord Lyttob tain publ'c servicu, or to pay more ployrnent could be given to deserv- said the wmmiflelonb Plan 0! in-

~ing cases on necessary work.

members of the late finance com- mittee, nol. being prepared for the -Mayor's address, wen not in a poa- Iition to reply to his statements at ‘the present time. Durlns the years deferred to by the Mayor there had

ly a repetition of his pre-elscthn ibeen a considerable amount of work

done, latterly in connection with the federal unemp‘ yum-t grant. He believed the Mayor would find the accounts of this work in order-

Mayor Stewart: “I didn't ask for an audit, by any means."

Com Kennedy believed it might be necessary to raise the rate one quarter of one per cent. with ec- onomy he believed the city would come out with s. surplus at the end of the year.

Coun. Doull took excepti i to statements referring to himself in connection with the complaint of impossible streets. Sc did not wish in dncuss the matter at present, but stated he had watched a number of automobiles which had been stalled on s. street crossing, owing to the condition of the street.

Cournflennessey said he round the streets so bad that he had dif- ficulty in getting his ambulance out to the Sanatotium. He suggested that an outside audit might cost $10,000 or £15,000 and did not ap- pear to favor the proposition. The minutes of the last regular meeting and of the special meeting held last Monday night were read and adopted.

A delegation consisting of Rev. Monsignor Maurice MacDonald, Mr. w. K. Rogers, w. Alfred Pickard, Mrs. V. L. Goodwill and Mrs. l‘. R. Brow was received by the Council on behalf of the Prince Edward Is- land and Charlottetown Hcsptals. Mr. Rogers explained that the de- prosalon bad inflected hospitals per-

"Special skate Mlllbll Rink THIS- day night. 145941

"Under Blue Skies" at Kellfl

lcross, St. Patrick's Doyi 8 p. m.

490-8-15-31

"Alpha Rebekah 110610. Tuesday, March 1s. Regular meeting and roll call. Full attendance

z-

"Hcckey at North Wilishire to- night. ‘rryon Shamrocks vs. wilt- shirs Not-Afraids. Skate after match with band. 1482-11

"Don't min the play "Th; mm of a Shamrock" in B. I. S. Hall, at Emerald on St. Patrick's night, March 17. Good specialty. curtain rises at 8-18 sharp. 14044-154!

"The Mount Herbert Dramatic Club will present "The Road Book" in Mount Albion Hall, Thursdny, March 1'1. If form! frat fine night. Admillion so and 10 cents.

(Continued on Page 7)

Nancy Burned

HULL, Mill, March 14.—’1‘he five-muted schooner Nancy, known to thousands of summer visitors to Nlntllket Belch, was destroyed by ilrc oflly today.

The lire was kept from Ibresdirls to nearby cottages. It: origin was‘ unknown.

The omen of the vessel lave uv

that the ,

,_ "Authorizes m» vlllslllrs’ urge Debenture Issue STIii STRIPPEB,

First Monthly Meeting Of New City Council. Mayor Airs Views On Civic Finances, Street Com- fllalhfe T .0691 Tlqnk Managers

And Other Subjects.

FUR ABTIHN

League 0i Nations Commission 0t In- quiry Get First Hand View 0i De- struction Wrought At Woosung.

By Morris J. Harris (Associated Press Staff Writer) SHANGHAI, Mar. 14. —(P) -

The League‘ of Nations Commis sion of enquiry, led by the Earl o Lytton, arrived in Shanghai todo to seek out the reasons why Japan land China have engaged in con fllct for the past six months. Coming up the Wangpoo River on~ the liner President Adams from ‘Japan the five members cough: r first-hand view of the destructior wroughirat Woosung. They looked through binoculars to inspect the ruins of the forts and village an!‘ to see a line of Japanese war- ships stlll stripped for action.

(Continued on Page 3)

TIiE EYPCSIIMM lllIEEN INIIIJIR

OTTAWA, OuL, March 14F-

(By the Canadaln Prcsfl-Thc

end of the first stage of the

Gypsum Queen inquiry was

reached today with the con-

clusion of Senator Hence l.

Logan's narrative of his part.

in the reparations claim which

won for the schoone ‘a owner,

Captain Freeman Hatfield, the

sum of $71,276. Commissioner

Chief Justice Horace Harvey,

of Albert. will return at once

to his duties in‘ that Province and will later announce the dale fo; the next hearing which will probably be within

a month.

The commission was appointed at the instance of the Secretary of State, in investigate reports that the Nova Scotia schooner Gypsum Queen was not the victim of a German submarine, but foundered in a storm off the Irish roast on July 3i, 1915, while on a voy»

(Continued on Page 3)

New Industries Established In Canada

OTTAWA, Ont" March 14. — (By the Canadian Press) — The list of new industries established in Canada since August 1980 shows 143 manufacturing ooncems lo have introduced their operations here. Of these, 131 were from the United States, 10 from Great Bri- tain and one from France. This was the answer given by ‘H. H. Stevens, Minister of Trade and Commerce-to s. question in the

I l l

Th‘ 5”‘- ‘Mm "M" m ' “m” House of Commons today. Ho com- MI’ m" 18°- mllle i Wmlll" plea lhronhaoloh was blale with her entire bull burunl u w the number o; and flames running up her masts. opened m m“ penal

available | factories I

0TTAWA. one. March s. - (lly the Canadian Iron) - Restrictions on the investing

attempts to float her two years we

I each winter aim-oi drove her, higher and dryer. During the pelt; two your: the vessel has been op-

ucc-a-ic-u imo to mm u a curiosity.

liflvllcnl of insurance acn- bllllel will be Imposed by cia- W“. Yffimlfl R. I. Bennett fold the Iolllo of Commons knight

BUDGET SPEECH irommmr I

The Budget will be brought down in the Leg-

islature by P r e m i e r Stewart this evening at 8 o'clock.

The Premier made an announcement to this ef- fect in the House yester- day afternoon.

no. EASTMAN

living.

To be honest, In be kind, to help a few friends-therein is the joy of

MAXIM!

07A

MERE MAN

ii

Annual lllhaerlpflonl Delivered lbJI- By Hall clllllll und U. B. A. I450-

leaders 1h Industrial World Suicide .

ill | N Ail-ii | A lrlirobable Causes

M-IiRKETSOf P. W. C. Fire

sternation.

NEW YORK, N.Y., Mar. 14.- Financial ‘ were some- what unnerved today by the deaths by suicide of two world leaders in industry and finance

cunnlls sulyor

“My Work Is Done — Why Wait,” Is’ Simple Note L e ft By Multi ~- Million- aire.

ROCHESTER, N. Y., March‘ 14—Geo Eastman shot and killed himself at 12.50 p. m. to- day, leaving this simple note for

‘ "hi! frhflib:

“My work is done. Why wait?"

I-Ie was a multimillionaire of diversified’ interests, long recog- nized as the developer and head of one of the world's greatest industries and celebrated for philanthropy that reached the staggering total of more than $75,000,000.

Lately in failing health, he had been confined to his bed in his Ro- chester home on East Avenue. There today he asked attendants to leave his side.

A moment later they heard the shot that destroyed him. Among them was his personal physician, Dr. Audley D. Stewart, who an- nounced the sulcide nearly two hours later. |

Mr. Eastman was a bachelor in his 78th year. He had few, if any, relatives.

Eastmanb simple note, which was addremed "to my friends," was left at his bedside.

There was nothing to indicate a motive for suicide. Dr. Stewart said only that he "apparently was in such mental state." l-Ie had been lll for several years, but had recov- ered to a degree that encouraged his friends. >

BilNFERENiIt slnsrlclnnv

HALIFAX, N. 8., March 14—(By the Canadian Pressl-"I am grati- fied to be able to tell the people of Nova Scotia thatour conference with the federal government at Ottawa was eminently satisfactory, and with the err-operation of those vitally interested in the mining, sections, the proposed measures will, I am sure, re-vltailrs this es- sential industry," said Premler C. S. Harrington, returning to Halifax from the federal capital tonight.

I

Mt. A. Co-eds Win Debate

BACKVILLE, N. 113., March l4.— (By the Canadian Press) —- Co- eds of Mount Allison University won a. unanimous decision of thr Judges in an intercollegiate d. ‘ bate with girls of Dalhousle Unl- verslty locum. Mount Allison up- ‘ held the negative of the subject

within 48 hours.

Particularly disturbing to world markets was the death of Ivar Kreuger, Swedish match king, but news in the last few minutes of trading in the New York market that George East- man, founder of one of this country's leading industrial en- tefllfl-ses. had taken his life, was momentarily unsettling,

While Kreuger was known to have been driven to the verge of nervous

Deaths By Suicide 0f S Two World Lead- ers In Industry And Finance Cause C0n_ mol investigation into the Prince of

islature.

N N E R v E BARQPOITS Of Fire Marshal And

Boiler Shop F orleman At Bruce teWart f? C o. Tabled I u. Leg-

rm-

A report of the result of an infor-

Wales College fire was tabled in the Legislature yesterday. t08ether with a letter from the foreman boiler.

, maker at Bruce Stewart 8r Comp-

any. The letters. which are address- ed to the Premier, were tabled in reply to a question on the order ’paper.

FIRE MARS HAUS REPORT

"The fire wh'ch destroyed the Prince of _W3lES Cdlege buildng took Dlace at about 3 a. m. on Fab. 6, 1932/At the time the fire was discovered it had made such head- way that there was no possibility of extinguishing it and the total des- fruction of the buildng was inevit- able.

An ‘rrformal investgation was

collapse by the entanglement of his made and I h"? u’ rem" as mu" world-wide financial affairs, the "W3

Eastman enterprises were in an un- assaiiable financial position, bankers

serted. -

On the whole, international bank- ers expressed themselves as encour- aged by the comparative calm main- tained by markets, in the face of the Kreuger affair. Although th: Kreuger issues broke sharply in a1‘ world markets, securities in New Yof: held up fairly well until late afternoon, when marked weakness cropped out in the rail shares, and considerable liquidation came into most groups in the bond market.

- Outside of the Kreuger group, how-

ever, selling was at no time in irn- pressive volume.

Would Place Duty On Can. Goods

BERLIN, March 14. -- (Canad- ian Press Cable) - The news- paper Boersen Courier today so it had learned the Government

illlii um or SALVINB PRINCE lJAVIii

HAMILTON, Bermuda, March 14

r-(By The ‘ Canadian Pressl-Pass-

engers’ luggage was being taken of‘! the steamer Prince David, stranded on a reef twelve miles from George- town, today. The liner, which grounded yesterday afternoon in poor visibility, was half full of water and there appeared to be little hope of solving her.

Engineers of the stokehold gang worked up to their waists in water when the sea poured into four holds as the Prince David listed after grounding. Passengers who were brought ashore by the Lady Somers utter an hour and a. hall's row be-

would shortly publish a decree to “We” the amps’ we" bud m the“

enforce, from April duty against goods from Canadr and Poland.

In the case of Canada, the

1' a sped“ tributes to Captain C. W. McKay,

ch'ef purser Keer, wireless operator

(RODSOII and other members of the

Prince David's staff for the effic-

newspaper add“, me spam, cw ‘lency with which the abandonment toms tariff would be postponable w” “med °ut'

for a period of six months in th' 1

event that the Canadian (lovem- merit negotiated for n. commercial treaty with Germany.

News Briefs

PARIS, Mar. 14—(A.P.)—Pro- feslor Charles Gide, 84, noted French economist who special- ized in the (lo-operative and political economy fields, died hero yesterday. - ‘

SAINT JOHN, N. 13., March l4. —(By tho Canuilan Press) The Saint John Exhibition Al- sociation will bold its annual fall fair this year, minus live- stock exhibits, it was announc- ed tonlflat by If. A. Porter. Secretary-Manager.

WASHINGTON, D- 6.. March 14- (A-PJ-A resolufon lo make the cntirg ‘1001100000 farm loan fund of the recnnsi. ...‘.'on flu- anoe corporation immediately a- vailable wn ld~pied today by the Unified States enate.

I

“Resolved. that in tho '~"\r~st o'

world peace, the British Er- should agree to o -‘~ in pro looting all members c’ the Imagi- of Nations against external a tacks."

g.

Passengers on deck felt no crash when the liner grounded. Lunch- eon was being served and passeng- ers were dancing when the vessel listed to starboard and the lifcbcats were ordered out.

The Prince David's crew expected to leave for Boston tomorrow by another boat.

-_.._

"The Janitor of the building, Pat- rick Ryan, whOSc quarters were on the third floor and in the north- western section of the old building, wakened a few minutes after three o'clock in the morning. He at once smelled smoke and heard crackling, and beievng that there was a fire outside got up to lnvestgate. ‘rhe windows of his apartment were of the dormer or look-out type and on looking back over the roof he saw a dense smoke and heard a fire crackling in the College building. He at once roused his family and left the building only partially clothed. Hod he remained for further in-

(Continued on Page '1)

STILLNU TRABEiiF [INDYBABY

18y Robert St. John, Associated Press Staff Writer)

HOPEWEILL, N. J., March 14 -—- New trails pointing toward the kid- nappers of Charles Allzustils Lind bergh, Jr., appeared and faded viritl the speed of the falling snow whlcl envebped the Sourland countryside today.