iCoa-add Is Sound iAnd Recover Thomi_'_o_n States

Viol-Need To Support. Those In Autho- rity lVhile Present Period Of Stress Is Being Combatted.

VICTORIA, B. C. Oct 30—"0an- of Canadian banks and their abil- ~ ada is sound andinthesetlmes of lty to weather such a sfornras we 1‘ "entrees it is the duty of everyone to are at present encountering. True, ~'-. ' support those who, in the words of our banking systems are somewhat

the catechism, are iput in authority different, but that does not alter ' i-‘lover us,’ " ~-~1~- Thornton, Chairman and President

u.

n

»‘ wways, in the course of an important lod named commercial the United States have involved

. ‘ ‘spoke, in part, as follows: and eighty-two concerns,

fore he awakens to his danger and Wis brought to that state of mind ‘“" which accepts the application of essential _even if drastic remedies. "MCanada, as a nation, is less res- "R-pcnslble for and has certainly con- . '1'" tributed less to provoke the present 35¢ state of depression than any other nation, but while that is true, we

Being, amongst other things a bank director, I know something about the banks of Canada and, idle and

i.’ fiiYcannct a situation which malicious gossip to the contrary "l. ' ~has been forced upon us. "I do not nltwlthstanding, I state emphati- Yln the least pretend to diagnose cally that all of the banks of

~~' ~tlle cause of the present depression, or prophesy either its duration or e-lts remedy. I must leave such an- ' alyses and predictions to the eco- l’ ~nomist and the student; but there are two or three simple and some- l what practical points to which I think I may with humility and 1 ‘rope propriety call attention, re-. melnbering that, as some one ouce Hremarked, we are confronted by a condition and not atheory.

Canada are sound, solvent and in a position to meet fully their ob- ligations. Their fundamental "soundness is one of the bright spots 0f our Canadian situation.

TRANSPORTATION PROBLEldB

“You will doubtless expect me to say something with respect to tre transportation situation," said Sir Henry. as he outlined the develop- ment of Canada's railroads from Confederation until the amalgama- tion cf the present Canadian Nat- ional System, which brought out two great competitive railway sys- tems in Canada. . ‘The Dominion of Canada," he said, “found itself equipped with two thoroughly efficient and pro- gressive railway systems, actively competing with each other and vying in an effort to give to the nation a maximum of service. All was going not too badly until the autumn of 1929, when, with appal- ling rapidity, the present depresfl sion descended upon us. With in- creasing effort, as the months roll cd by, these railway systems, the victims of common adversity have been drawing closer and closer fo- gether in that co-operatlve effort which while preservingla reasonable service tothe public had for its objec tlve the elimination of waste and promotion of real economy. Sub-

CITIZENS DUTY ‘

“In such times as these, when a serious situation confronts our people and when those who are charged with the responsibility of ' - administration are racked with an- "Q xlety, I hold it to he thoduty of "every, citizen to abandon or at least "relax political and sectional strife, ~and in whatever difference of

opinion there may be, to support ,<- those who in the words of the l catechism are ‘put ‘in authority.’

‘Quite irrespective of what politi- ‘- cal party might happen to hold i power, I would equally venture this advice. We all have an abiding and

' unbounded faith in our country. mrundamentally we are ' perfectly “sound and solvent. We are better ‘off than many other countries. We "will return to normality quicker “than other nations. The great i ‘natural resources of Canada are

declared Sir Henry the deductions to be drawn from what I have said. It is also inter- ‘J-‘I-of the Canadian National R-all- esting to note that within the per- in

i visit to the Pacific Coast. Sir Henry; fifty-four thousand, one hundred with j w?» "It seems necessary that in all liabilities aggregating one billion, """"'-of the various dLsasters which have three hundred and fifty million dol -- - afflicted nations the patient must lars, as compared with failures in " "be threatened with the Brave be-‘ Canada of four thousand, six hun- ldred "and fifty-four concerns with liabilities of only eighty-three mil- lion, seven hundred thousand dol- lars. Certainly these facts speak with emphasis with respect to our financial and commercial solvency.

' the same as they were three years

ago. We have the aanle courageous, ~~oonscientlous "and law-abiding I ‘people. This is not the time for the f-display of strife, nor to seek the ' tacrlficlal goat. No section of this ~ country can really prosper unless "the whole country prospers. Let us ltherefors resolve unselfishly and "co-operatlvely to dedicate our-

stantial progress has been mode along these lines, but in order that the effort may reach its maximum and that a transportation policy be determined which will as effectiv- ely as possible govern our actions for the future it has been suggested um a commission be appointed, composed of men of experience and high character, and in whom,

BARRYand STAJNES LINOLEUM (CANADA) LIMITED

a c/irzinozmceo

the opening of their new Factory at Pam/mm, P.Q., and the commencement of production

Trail-l objective will

be worthily

to sustain the world-wide reputation which their associate

companies in England, Scotland and France have so honourably

earned and so conscientiously srrivcn to justify and they are

confident that their Canadian friends will recognize in this new

development in Canada a measure of their appreciation of Can-

ada and Canadian interests and a sincere desire to give that scr-

vicc which modern business conditions so impcrativelv demand. .

The watchword of Barry and Staines Linoleum (Canada) Limited will be QUALITY. .. always QUALITY. . . plus VALUE.

They will manufacture the various ‘qualities with which their asso- ciate companies have so long been identified and it will be their aim

to reflectlin their products all those attributes which expert know-

l ledge and long experience must necessarily bring in their train.

boththc investor and the people of

selves to the support 01 0m‘ wn-[becflv-BB 0! these qualities the pub- Canada demands an examination

Jtitutional authority and

common but temporary denser-

no >04.

DANGEROUS GOSSIP

owl

‘his idle and malicious gossip, usuallyll ihoughtlessly oonceivd but in such

__ times as thesg it is highly danger-mien who have so freely in decades ility and intelligence to maintain ous. No one extinguishes fire by past given to both the Canadian a fully adequate standard of trans- pouring upon it inflamable mater- Pacific and the Canadian Nation- portalion having due regard to the .131. Idle and malicious gossip with-Ial Railways a devoted and loyal circumstance 0f the “ma”

tion end impose o solution which will once and for all find a rel- medy to preserve solvency, con-

_ | serve resources, afford ample trans of . _;“0ne of theprodlwtsoldellresslon portation facilities to the public may be the Canadian Pacific and

and adequately protect the in- terests of that large body of work-

out knowledge of facts is the‘ inqscrvice. Had some such commission

Jlamable material which keeps a-I

light the fires of depression. If we [P3110108 some

passed upon oln" transportation

thirty years ago.

' “cannot speak well of the Pndvincelmuch duplication of construction i

the State, the enterprise or the in-

and other problems would have]

Jiividual, let us hold our peace un- ,.ttl a return of prosperity perlnitsl

engagement in such activities with ,3 mlmimum of damage. '

been avoided, with no denial of essential facilities; consequently it seems high time in view of the cir- cumstarlpes which surround us to-

EIJISUNTS W0 RK

stand,lic can repose confidence, who shall by the best brains that can be I, ‘shoulder to shoulder in a time of examine our transportation situa- brought to bear, if serious results

.’;

are to be avoided. In the meantime, the public of Canada may be as- sured that whatever the difficulties our transportation situation

the Canadian National Railways are working together with amiab-

T0 BUMPLETE

‘ vqsnada. and while f um far fromiAmel-ican authority makes the de-

.'“1'he great banks of Canada have day that we should

"had the main enviable “They are the trustees of I confided to them and that trus- ;M9ahlp has been faithfully execu-l

34rd. Since the present depressicmfelt by our Canadian railways is

descended upon us,let us say slnce'

guly, 1929,. there has not been alBrlefly. it is interestinz to observe

ssmgle bank closure in the whole of:

drawing comparisons from the

misfortune of others, it is a strik-'s:ven Class I railways of the Unit-

, fact that in the United States,

I n

lllion, four hundred and seventy-i

p theru will be at least a degree o.‘

records. course with such intelligence as we funds can muster and decided what our

ittedly. the, most opulent not-learn their fixed charges this year. in the world, there have been So that in so far as the financial pproximately 2400 bank closures'posltion of the Canadian National

ng the period mentioned, in-‘Railways is concerned. Mid lving deposits amounting to onsblffect upon the finances of the Dominion, we are the Victims 0i {find nfllion dollars. Q; course, all circumstance wholly beyond our {if thh sum is by no means lost, control, circumstances. let me add.

chart our ultimate port ls to be. There is a certain feeling that the distress more or less peculiar to this country that an important and re, finite statement that of the sixty-

cd States, twenty-five will fail to

its

which we all know to be world

Qlvage, byt the coulparison points-wide. Certain it is, however, that

‘vlvicb to u» solvency and oceans‘ m, importance of m. Droblern toterprisl. l

WEST ORANGE, N. J., Oct. 20.- The brothers Edison-Charles, the business man. and Theodore, the re- search expert, prepared today ' to "carry on" for their famous father, Thomas A. Edison, whose will left them the major responsibilities of his estate. A

Chief _ he tasks , them was an uncolnpleted experi- ment which was cut short by death -the perfection of a process to manufacture rubber.

'I‘ho late inventor directed the

rubber researches he lay ill and ~

news of the successful manufacture of several pieces of golden rod nib- beroametohimoolytendaysbe- fore his death ‘

Henry Ford and Harvey Firestone, the two celebrated cronies of Mr. Edison, will be partners with the six mlson children in the rubber en-

Will Support Hydro Project

(Canadian Press)

MARGAREE FORKS, N. 5., Oct. Sit-Support and co-opcration in bringing the prolected development of hydro-electric energy at Lake Ainslie to a successful consumma- tion were pledged by Prcmier G. S. Harrington, addressing the Associ- ated Boards of Trade of Cape Ere- ton yesterday. Following the meet- ing the Premier made a horseback trip over ten miles of new road be- tween Pleasant Bay and Cape North.

"Has Bill got a job?"

"Yes. He's working with thou- sands of men under him now."

"Foreman or something?"

"No, keeping the grass moved in a big cemetery."

"Cheer up, Mrs. Jones. A month will soon pass.’

"Yes, I know, dearle. And there was me thinkin‘ he'd get at least sixi"

Although the future plans for the manufacture of the product remain closely guarded, Charles disclosed the rubber has been pl duced for 81 per pound.

"If we can find a market for them," he added, "there are also certain valuable by-products which could be made."

A conference of lord. “Yum”- end Char-lee and Theodore Edison. to be held early next week, prob-bl! at the Welt Orange plant, will de-

PBEMIER MINE HEAD

highly the province.

‘Hector MacDonald, 57, Succumbs to Illness at Home Here

British Columbia's mining

a tthe fz-mily residence, 5030; of mm“ Blenheim street, n5 i230 a. m. to- day. -

Failing health forced Mr. Mac- Donald's retirement six weeks ago,| but until that time he directed with unusual success one of Can- Interment will b: ada's most famous producing Bum Park, mines. ' ,- .

He is survived by his wife and! four daughters, Jrnet, Margaret. Helen and Mary, all of Vancouver. and by two brothers in Coloradoi and two sisters on Prince EdWflPCl’ Island. l (Canadian Press)

Born in Springton, r. n. 1., fiftv-| VICTORIA. B. 0.. ocl- 80- If seven years ago, Mr. MacDonald nnyone wants to sec what foresi- startcd his career in the miningldcvastation really is and “ilfli/ it centres of Colorado. He was for a, means, then he should take a trill time in the Kootenay area ofi across British Columbia over the British Columbia during the laie. Kettle Valley line from voncouver nineties. , to the Crow's Nest Pass, according In i910 ‘he was transferred byi to Frank J. I). Barium. noted con- the American Smelling d: Refininlt servationist and timber authority 00.. in whose employ he had been o: Montreal and Annapolis. N- 5- for souls time. and was given the] who has been vLsitlng British col-

Eart Tcnth- Rev. David Lister will offlciztc, Rev. Hugh Rae assistinl- at Occull View

Urges Forest Conser- vatlon

post of suph‘ ndent of the umbia. 9mm"? I015 mine. an A. S. 8c R- "lf you want to see llBl What it Bllbliflll-IV- means for a country i0 be Wilhm"

l1! H! intervening years Premierl mm entirely," said Mr. Barium, he! achieved a dividend recordi "take a trip across southern Sask- Whlflh. considering its relatively afchewan. If you are really inter- rmell capitalisation, has had few csted and desire to witness forest P8111161! in mining history. Much degpollation in ail its honors so tn

mulls-om the WW1"

Releelch Ce- will follow.

fill

of the credit for the minds success- Chine, where millions are star-yin! is attributed to its to death-e fate inevitable as a ro-

__l~.____

supcrirltend-ent, who became one suit of the la.ck of forests and the D155 nus MORNING of the most popular and most resultant floods. . respected mining men in

“Reckless destruction of timber is the wickedest thing that modern

Premiers good underground re- civilization will be held to account cord in prevention of accidents was for," added Mr. Barium. "I don't largely clue to safety Precautions know what the people can be think in- devised and introduced by Mr. this"? 105i? 0119 0f "5 W195i ex" MacDonald‘ some of which have go om when they wake up p, will ecutives when Hector MacDonaldqbeen accepted 1n mining prllfillflhbe too late, and all this great na- ivr twelve veers superintendent of throughout the province on re- tural wealth will be gone." Premier gold mine at Premier, died‘ commendation of the deparlmcntl