. . I1" .<~ iiito office tbisboun 1 was buying millions more than it was selling. It was headed for baukfllilw; for while an adverse trade balance under normal condi- flops does not necessarily mean in- solvency, it does if long continued in a period oi’ great depression. What happens when you buy more than you sell in your private busi- ness? You go behindand eventu- ally your business goes into the re- oeivefshauds. The same thing ap- plies to a country._ In i928 I poin- ted this out in Parliament. In 1929 I again pointed to the danger that threatened this Dominion by reason of the speculative era and the con- ditions under which we were con- tinuing to talk oi prosperity in , pieces oi paper.

"I suppose you speculated down here a little. too. 1 have seen men who were worth millions in pieces of paper. They are now on relief! Speculation will never take the place of hard work." (Applause).

llr. Bennett's Warning

- “In 1930, again, I pointed out our

_ adverse balance of trade and the fact that we were drifting toward bankruptcy. In August of that year I ucceeded to the legacy. Vlfhat did we do? Called Parliament to- gether. We did what you would do in your business under the same conditions. We passed laws that rnade it not so easy to buy goods abroad and we sought new markets for what we had to sell. Limiting of imports was objected to by large concerns who said they could buy certain things in Czechoslovakia and sell them here. after paying draw, more cheaply than they could be made in Canada. I said, ‘Cer- iainiy, but I am not concerned about Czechoslovakia; what I am concerned wiih is the life of Can- ada?’ (Applause).

"Forin very truth and fact it was the life of Canada that was at stake. Bo we increased our tariffs We gave employment to more Can- adians; we started hundreds of new factories. But we did more; we served notice to the world that had been shutt‘ our producers from their markets that they could not enjoy our markets unless they gave something in return.

Ml’. King's Attitude

‘Compare that with Mr. King's attitude. In the early part of i930. standing in Parliament when the .Unlted States had raised their tar- iffs, shut out our exports and ruined our trade by some $170,000,000, what did he say? He said, ‘Don't talk about raising our tariffs

fany more; it might provoke them "and it would be worse still. Don't increase the British preference any "more, they might not like it.’ ',(Laughter). Well, ladies and. gen- tlemen. we took a chance on pro- voking our southern neighbors to .,oome to the salvation of this coun- _try. Now let us look at the result: ,, "Just as on your farm, when y_ou stop buying what you don't need, Jvhen you produce your own re- quirements and sell more goods, you have got money in the bank. so ioday the Dominion has a favorable commodity trade balance of over -_Il50,000,000 for the last twelve months. That is the reason _our . _.cred:lt stands so high. 'I‘hv.t. is the Qreason we are borrowing money at three-quarters of one percent in- terest. ‘Phat is the reason we get 2% per cent. coupons on our bonds. ~That is the reason Canada is poin- ted to in the terms referred to by Dr. MacMillan." (Applause).

Wider Marketa "But we didn't stop there. We

3;,“ realized we must get wider markets.

This country with its population oi ‘lsal than eleven rnillbn must be able to sell more freely. We know that the wheat sellers of the West "had to find markets, that all the nations of the world were guarding their markets: that France. Ger- many, Italy, Holland and other na- tions were "growing ior themselves all that they used to buy. France was, producing her own wheat and flour; Germany doing the same and {rowing over- l0,000 bushels to the aces with nitrogen and other fer- tiliser; Italy was drainin the Pon- v-tina marshes. Where were we to Jock? We made truie treaties with Germany, Austria. Poland, but still ‘these markets were not enough. My old colleague. Senator John A. Mac- Dhald, went down to the West India to see what could be done to ‘expand our trade there. We found

Ffdiificuitisc. But we knew there was

greatest illwlitting

1'5 m: world-Great Brit-

Wh know what Sir Wilfrid

m. successive governments . to do And when in 1m

Government cams into " in Great Britain we oaw our

uommlw- ~

senders A ‘Address

é r E f E

,_ of them inflicted by Canadi- during the BoerWar. They

From _ Boers ‘tborebcrocnhubodyninawolmds. lune ll-il time

Jgreomautr-trlde agreements-on the basil a! a family settlement; on the basil of~ the first family settle- ‘ment the world has ever seen. Those agreements are regarded by many as the most important economic documented tbs century. v

"I recall the mommg they were signed. We had worked nearly all night and at l0 o'clock the next morning we met together and Ne- ville Chamberlain slgned on behalf o1 Great Britain. I recalled my childhood dreams after reading of the great Empire‘ policy en- unciated by Joseph Chamberlain. I had hoped. if I were ever in public life, some day to give effect to that policy. And now that day had come. I signed the agreqnent that morning.” (Applause).

"Look what it means. Men oi many races, creeds and origins had agreed on a definite policy oi giving preference to members of the Fam- ily in buying and selling. We doubled our trade with the British Empire since then.

WHERE WAS MACLEAN?

“When we asked Parliament to approve of tinge agreements, where was the liberal party? There was but one Liberal who did not oppose them and vote against them. Where was the Liberal member from this Province? WHERE WAS MACLEAN? VOTING AGAINST THOSE AGREEMENTS!" (Ap- plause). p '

"Look at the effect. Butter, eggs, bacon, Wheat, Bill commodities of all kinds finding free and sheltered markets in the Old Country; ships loading. if you will, at Surnmerside, Charlottetown, St. John, Halifax, or Pictou, and going to Glasgow. or Liverpool, 0r Southampton. all with- out paying any duties because they are bearing Canadian goods. let them be loaded at New York or Seattle; let them go to the same mrts, and they are taxed five, ten, fifteen per cent duty. That is what the Empire trade agreements mean. Apples, chicken, lumber-all the products of this country, free and llllu" mmelled of duty restrictions in the greatest markets of the Em- pire. And Maclleun, the only Lib- eral left in the House o! Commons from Prince Edward Island, USED ALL HIS POWER. AND HIS IN- FLUENCE AND HIS VOTE AGAINST THOSE AGREE- MENTS." (loud applause).

Tllli VITAL ISSUE

"I will go a step further. Do~you ‘believe in those-agreements or not? Do you favour them or not? Mr. King challenged’ us. ‘Let the people decide.’ On Monday week your vote will say V011 approve or disapprove of them. The challenge is now be- fore you, not me. Parliament has done its duty. Myers and McLure did their duty. MacDonald did his. we have done ours. We voted to put the agreements through; we put them through; the Liberals oppos- od them. LET THE PEOPLE DE- CIDE!" (Applause).

“When you go into the booth to mark your ballot on Monday week you will put your cross opposite the name of a Government candidate if you believe in these agreements. If you are against preferential trade, if you are against this Family preference, against these sheltered markets within the British Empire, don't vote for Government candid- ates; but if you support them there is no other way under the sun, with this siemoc of ours, by which_ you can show that you do believe In them." (Loud applause).

UP TO THE VOTERS

“What are you going to do? That is what I came to Charlotte- town to ask-you. That is the rea- son I journeyed all over this coun- try. Why? because I believe these agreements maintained the soi- vency of Canada and saved us from bankruptcy. That is admitted now by the Liberals themselves. It is an issue therefore oi the most vital importance. No half-way decision is possible. You cannot play with this thing. Already. in some con- stituencies in England, they are saying we Canadians don't want tariff preferences. They are watch- ing us over there. Your vote to them will mean precisely that, un- lea you return this Government as the enprcaslon of your confidence in those agreements” (Applause). ..

“That is the reason, l repeat, that we have rarely faced a greater issue. Think what ii/mcansl Dreamed of by Macdonald. hoped for by Laurier, worked for by Laurier un- til the British uwernment told him the door was looked and bol- ted; tried for by King; now accom- plished. Are you going to say you don't want them? A vols Ilainat thioilaverumentiaavotetliatyou don't want the Empire agreements.” (Anolauaeh “Hut it is not sufficient to ap- It is the vota that count.

from India, from Australia, '

.

JOHN H. MYERS‘, M. P.

ABOUT 1T.” (Applause).

“The people throughout Canada understand that now. That is why in the Prairies the Liberal party 1's in retreat. That is why it is in retreat in British Columbia. The swlns has r0110 llalnst thembe- cause the electors are realizing that this is the greatest Imus with which they have ever had lo deal.

A RARE SPECIES

"M11 K1118. having opposed the agreements, went a step further. l-le said I have been a little too hard as a bargalner. He does not believe in bargaining. I noticed that he rvas introduced the other night in NoveuScotia as ‘a great Gladstonian Liberal.’ That, I cd. mit, is quite a distinction; it is something almost unique. There are only two of the species living in England. and they are on exhibit. Why? Because Gladstonian Lib- eralism was ‘what wrecked the Lib. eral party in England. Its policy is that governments must not touch business; it must not touch any- thing. Just leave things alone and watch Prosperity! Those were the days of industrial development; days of new inventions and new machinery. The times have ‘chang- ed; but Mr. King has not. He says ‘No interference; no touching these things; just leave things aloneand we will reduce our tariffs, fold our 1111115. and watch other countries profit by our example.

Mr. King's Rebufl

’ "Well, he tried that on the United States, and got the highqt tariffs this country ever hasL-tarlfls not Imposed by ourselves but by other nations ’ ‘ this country. m) bargaining during that period! Senator Dandurand goes rooms“. and says, ‘We have reduced our tariffs twice; look at what we have done!’ Mr. King says, ‘We wgqt to lead the world in goodness, then other nationswill follow us in good- ness to." Unfortunately, that 1g not the way it turned out. “Where does Mr. King stand to- day on his policy of no bargaining? Ha said in i919 at the Iiiberal-‘Con- vention, and 88am in the House of Commons, that he would cut the general tariff in two, We knew when hesaid that that he had been delivered inlo our hands, All 1 did was send it to the tariff experts for analysis. It just meant that sixty per cent of Canada's industries would be killed, that is all. Mr. King realized it too. That is the reason that for nine years he didn't do it. B111 1111111118 his attention drawn to it in the House of Commons, he says nothing more about fifty per cent; he whispers ‘a reasonable prefer- ence!" (Laughter).

Unstable Liberal Policies

"What are his policies about any- thing? Doels anybody know what his policies are? If you get m evening paper you may know what they are tonight; but who knows what they will be on Monday night? The other day over the radio he said ‘I am in favour of wiping these dumping dutiu out altogether.’ Then he journeyed down to Halifax, and by the time he got there he said. ‘We must have something to ease it off gently; we must do it easily.‘ What is his. policy on that issue today, do you know? There must be_some Liberals here. I ask them. WHAT ISVIIIS POLICY 0N THAT?" (Laughter).

"He went up to Woods‘ ‘, On- tario. recently, and found that the speech he made in Parliament on the Marketing Act was not very good. In Parliament he had talked about the Constitution being dc- graded. about everything being dfflsged down by these price fixing regulatlons-4nterierence with Brit- ish freedom and all that. But when he got to oodstock he found they wanted that kind of thing. ‘I am for it,’ he said. (Laughter). i

"You need ‘not accept my liais- ment. The exchanlm of the Patriot newspaper will bear out my words.

"Mr- King said he wanted a little more printed in the draft statutes about these marketing schemes. But since you can't print them un- til the schemes bacomo elective, and the schemes don't become also» iiva until the people ask for them, you couldn't vary well print them in the bills. could you?"

iltr. Klara aomeraaaiis

"i-fe also believed in sound money; he was against inflation as advoca- ted by Ur. W Bathe ioarnaysd West with rflard to this issue as wail, and I wouldiuetiiks to show ‘you of his flailing

now B.Ui'ii with sauna. woodvvvctii moved

Meeting ‘a

W. OIIISTII I- MOLUBI. ll. P.

to nationalize 6i? financial ‘ tions. Mr.

who had given thought to the mat

and he went Social Credit!

flatlon.

ter). -

ances or no political interference ‘DEEP DOWN IN MY HEART

plause) .

Scores Miastatcments

nascent: Denmark .10 per cent

Canadaonlybopercangaacom

pared with 1980. ‘

did not do ‘quite three Ind quarters per cent.” (Applause).

ticians of the League oi Nations.

of the wofl " (Appl men and women who for the depression.

I! H‘ FAIR?

ha; a ’ pression? No mention that! Never hoard of iil Why, m

coloured with many oomtrlea i

the world today." (loud app Ii you travel abroad. to the Unite

nett’: depression’! is it faM The lagiiah WI!

"These are not my figures; they are the, figures of the great statis-

"Take for instance Colonel Rai- ston and Mr. King. ‘Who discover- 1o negotiate further nsreemmts. At ed m depression? Bennett; Who molest we In nesctiaiius an put It on Canada? Barnett; "he agr ment with the United States. keeps it on Canada? Bennett.‘ Is I supw" 1°11" °I you MM ms the there any pm of the world um 011m" evening in st. John. when 1 s; read what we have oflered in the

‘ "sometimes l realise the sound- nsu of the criticism of people who

g V , "On the financial aide of the op- pa

uelocamawehavs taiasdour ‘c!

. ething a country whichmas done so muob for ms. Yet I have to listen to

people c for these things. But it looks bad, dcssnt it, to pick up a newspaper and see, for {bur-sly purposes, statements ~

at aredemonstrably untrue. They

ant-and if ignorant they should not undertake to make them-or by people knowing such statements t0 be false. There is no other alterna- tive. .

nus... Creditors Arrangement

"livery man looks back with some degree oi satisfaction or remorse on his public actions. I still feel some w of pride in the Ottawa - agreements, but I do not know that

said he did not I do not get more satisfaction from believe that any group of persons the letters I receive from all parts

- of Canada-from farmers and farm-

ter would attempt c, c”; q} m“ ers’ wives-about the Farmers Cred- kind in cm“; when 1 mm m ltors Arrangement Act." (Applause). n“, vgncou", duly up,“ o; 5cm We know that the business man p1 and 11nd mm momma‘ to Md difficulties goes through bankruptcy Social Credit government. Another “Saul of Tamils light”? Oh no. mm w" m “ha!” l“ “hm with men from various cities and

and gets a fresh start. What could we do for the farmer who has diffi- culties? I discussed this matter

towns. We had a conference and

“Wm” m’ "wmd 31111011111114" finally we determined to take the m‘ “ma “m” Wm’? m0 3°"- plan we did. We provided at the .0114 with 1t 011 1119 “l! RBI-inst in- public expense for official receivers when 110 P0001100 VBB- whose job it would be to call to- couver, he said, “Deep down in my gether the farmer and his creditors, vheart l am ajladisaU” (Laugh- secured and unsecured, banlu, im-

plement companies, mortgage com- panies, etc., and talk it over. What

"What is the policy of your party, could this or that man hops to do my Liberal friends? Is ft high m- i! he sot v- iresh amt? How ions m m- 10w “m; m. m mm? I, u; would it take him w pay his debt if against m, 35am ‘memms m. the interest rate were lowered rea- for them? Ia it Bound Money or . Inflation? Nationalizlation of fm- "m" I" "m" “d” m‘ ’°°"“'°"“

sonably, if the debt itself were less-

? are effecting settlement in this way, i but if the parties won't agree the case gou; before a court of review

AM A RmwALLJn“t i‘ u“ “'5' and the court makes an order (One w" h n “m” (L“"5h"e' “d a9‘ of the board is a creditors’ man, one

a debtor's man, with~a judge in be- tween. Ii you had read the letters I have received-from remote sec- tions, many oi them-commending

“Have you been reading the post- this legislation, you would feel as I ers of the bill-boards, calling upon do that it was well worth while. It you to ‘Elect King and save the is giving these people a fresh start markets lost by Bennett and Stev- 111 1110. 11111! it 00814 1310111 1101111118 ens‘? 11 time jg g Ljbenl m my; because _the nation has paid the audience, let him look with me for 0°11- a moment at our trade situation. cums HA8 mcnussm nan. m’ ‘° °‘1“““‘- EXPORTS DURING THE LAST FOUR. mans." (Applause). More than can, lillufl the dcprenlon the ‘f? ,{f,*}{,3;§',';§',,,"-,"',°g’ :31: 3,2,5}; United States loot i5 per cant of They u!“ .0‘, ' '1" 11W" ""1"- Grml"! 1W1 3° but n: the time we tried to do n

Tell me whether anything has been done for farmers since

"And what was the attitude of our Liberal friends in Parliament yes, we are for it,’

i they complained that we were

30511111! 31 116!‘ 0011i; 1181i’ 30 i101’ gambling with public money. That cent; Great Britain 28 p01‘ cent, and Ac]; has been in force a year, in the

- frlst of October. By the uni of this year, under present conditions, we

“But more than that: Last year will have dealt with claims amount- 1034, the Domlnionof Canada did i118 i0 $l00.000,000 and we will NEARLY‘ FOUR PER CENT 0P‘ have written of! 835.099.0013 lllll FIHE WORLD'S EXPORT ‘TRADE, saved the fanners of the country a and the year 1920, at the-peak, she cbarse of, 544100.000 a year- l am tbree- proud of that"; (Applause),

FARM LOANS 1 “We provided also for farm loans.

ask you, why do Liberals go about Some 900010. 0000-1150 1110i’ "M01101- teliing such untruths? Why do get them as rapidly as they would they slander their country? Why do like, go around blaming the Cov- they vlliify it? “(by do they libel ernment. My friends, you can't do m ls it fair to you? Never mind simthing as rapidly as some o! you about me. I: it British? Is it just would like. You can't put in spring or patriotic? u it decent? I have potatoes and sell them the ncxt gone through this country from one Weci- These M11118! W10 ‘$11110. 11111 shore to the other. and when Can- we have already 1001100 11111110118 0i adians have realised that their dollars. We now propose to apply country has thus been slandered the some to the cities and towns. they have resented it. Why, because 111d P1011100 101' 1101181118 i000!-

the courage and enterprise oi Can- adians have made us Firm among culture has been the Mai-wins Act. the exporting countries oi the by which co-operative marketing world, exceeded only by Great Brit- 1118i! b0 v-Occcded with to attain sin, United States, “m” mg (Jer- the ends we all have in mind. In- many. Think or it. This people, creased prices of agricultural rm- only m. and a half millions, m ducts n the bbslson which we must fifth among the exporting nations be able to predicate our ultimate guge), Ans recovery. We have yet, for party advantage, there are 801101110! 101‘ 110110000. mil-ll. 060m 51.911333, and other products. and you can their country, and meme Bennett have them on this Island: it ls for