'- children under ll year-a

V v.11. Winning Essays 0n iirsditilnions.

summit is the menial arise ma! 1h the contest sponsored by iheOredit Union-League on “The “,1; oi the Credit-Union in the welcpnent oi national and ia- w-nguenai goodwill and co-opera- lion." . ' _ 3y John Mulially. Rollo Bay Grade XII

Ihe Credit Union is a co-opera- live society operated by Lspeciiiio ‘mop o! people and under tas ‘Wu-vision _oi the state or- pro- yjnglll governments. It has a three-fold Wfiwse: iirst. to en- mmsge thriit and provide _its member! with a systematic means n; at their savings; monidly. to lend money to. its members at a legitimate rate oi mtg-est; and thirdly, to train. its members in btlsluessnlethods and teach them the value ofco-opera- “on, Emphasis ,must be placed on me iact that the Credit Union is | eo-openativo society, that 4s, the members work tolether ior the interment oi the FWD-

Nuw, it. is a natural right oi pan to organize a society such as | grcdit Union. In his encyclicul Reruns Novas-um. Pope Leo XIII mgcd the iormation oi associa- tions for the common good. We g-gad in the pages of l-loiy Vvrit. “It is better that two should be together than one. ior they nave the advantage oi their society."

The Credit Union movement wss founded b?‘ Schlllle-DQUVM-h ‘nd nsiiieisen in Germany be- tween 1840-1850. The movement was modiiied to some decree by Luzzatl and DesJardins. The Work a! schuize Delitzsch and Raiifeln- sen hsd great iniluence ill the gpreld oi the Credit.Union move- rnent throughout the world. To- day there are 70,000,000 Credit Union members in 39 countries.

The first Credit Union in North

America was organized and led

by Alphonse DesJardins at Levis. Quebec, in i900. with a capital oi $26.40. From this humble begin- ning has grown a great Credit Union structure. By 1945 there were 2.003 credit Unions in Can- sda with a membership oi» 475,908. Since that time there has been a continual growth and the pres- ent standing is znufh higher.

The Credit Union movement was begun-in Prince Edward Is- land in i936. since that time there have been titty-three credit Unions formed, which today have assets oi nearly three-quarters oi a million dollars. During t-hese years those same Credit Unions lent ﬂbilﬂﬂwhi] to their members for provident and productive pur- poses. This rapid growth demon- strates ussconfidsnee which the peoplehavs in the Credit Un- ion. '

It the Credit Union Movement is soing to be really successful in s ooimtry it must become nation- sl in scope. that is, theré must be Credit Unions all across Canada and these Credit Unions must be linked together. The credit Union

' gives to the citizens oi a coun-

try a ieeling of unity in that it gives them s common thought snd- s unity oi pin-pose. Canada is a country oi manv religious creeds. various political opinions, and several social groups: and‘ these difierences could easily be an im-

t to our progress. But. li the majority of our peoplebelong to (lodit Unions many oi these obstructions to unity will be el- iminsted.

We are all deeply grieved and concerned about the unrest in numerous countries oi the world today. This unrest is. not of re- "Y" M18111 but it has been par- Wlllrly prevalent . ring the Plat decade. It is this unrest that

DO YOU KNOW about

TRAVEL RATION REGULATIONS?

oooeikaooe

1i saves time sad trouble-vibes

m ianiliarise yourull with the

Nlalaiious regarding travel to

In United States before you

set out on your trip. us" are

“ll lasts:

1- The allowance for pleasure travel during the current lotion period. o! November 15th» i549. to N ma. 1m. a $150 us. so NIIoniOIOO in the ease as i

old); ' l. l Tenn l! permit. obtain- able at any bani. is re- wind to take out o! Can- sdaamsunts eaeeedingﬂlii us. alias us. and Cana- dian lands. ' ' 3- ‘Metal allowances are nosed hr strictly bum’

nssstsuvelvbbespysurep- allaslesris certiﬁed by

. tivlty and social relationship,

-,ual help." Credit Unions

| ‘ MEMRM

Infossdansflavlssgmsncry of owdprlinglloﬂser.

»-ssas.ns:axaanssssmrvan Ihodlesssssamssss. Iaaiyalanckyhaartaelso Oilmaalisnttsar . Bntalsvoysabeauﬂlnl rncuory Ottheossevveiovedsodear,

When the evening shades are falling And our thoughts Be wandering

borne In» lseariatbc uji? only M's...” “L?”

0ft and oft our thoughts do wander To a grave not lar away

Whose they hid our darling Blather Jud dxteess sear; ago today.

lovingly Remembered by 8n Divisible! Bertha and Sena Bill and MIIOOIIII,

ieeds those unrighteous "isms" with which ‘the world lmplagued. Two o! these "isms" were sub- dued by the greatest war in his- tory and a third. Communism now endangers our civilization. Ii we are true believers oi democracy and possess the iour‘ eedoms, Communism as a way oi llie is utterly alien. It is iutlle to try to suppress Communism unless we remove from the world that un- rest upon which Communism thrives. To dispel this unrest we must oiier its victims a demo- erotic economic structure without destroying their right o‘! true liberty. There is no democratic economic organization that can do

Credit Unions are essentially de- mocratic, in that they promote the welfare oi the group while preserving the ireedom oi’ the individual. When we fight ior democracy we iight ior‘ our tree institutions, oﬂe oi which is the Credit Union. The Credit Union

tic slogan which our forefathers adomed ior America. "one for all —ail for one’? The Credit Union practice oi developing leadership irom the rank and iile is a demo-. cratic principle. I I O '

Although the reasons ior war are numerous and varied, those oi an economic nature are the most important. The economic failure was one oi the roots which led to the last world war. More- over, the econcmlc needs oi’ the world should receive first atten- tion because they are the most critical. The economic process is the basic process oi democracy. as all the others depend on it.

The basic weakness oi our econ- omy is the failure oi- consump- tion to keep up with production. As Harold Allen, a noted econom- ist sald: “Most economic planning has failed to dissipate fears for the iuture because they have not made provisions for the basic weakness of our economy,‘ the iail- urev o! urchasingwpower to be ‘gearﬁdi, to production capacity."

Here the Credit Union is an all important in tltution. By helping and encouraging the people to save their money and by lending them money‘ at a reasonable rate o! interest. (not man than l. per centper month on the un- paid balance). the Credit Union greatly increases the purchasing power o! its members.

The low-cost credit which the Credit Union oiiers raises the standard oi living or great num- bers of people thereby making the world a- better place to live in. On the prosperity '01 the working man depends the success yo! any nation. Since the Qedit Union is a society composed large- ly oi the working class. it in- creases their prosperity and there- by advances the weliare oi tha nation. Because money is the me- dium oi exchange and measure of value in our economy, people are deeply concerned with money. They depend tmon it ior their livelihood. and ior ‘this reason it iollonvs that any organisation -- such as the Credit Union dealing with the monetary puUbllm-l oi individuals and societies should attract the interest oi all.

Much oi the success o! Credit Unions must be attributed in the great spirit oi social charity which it has aroused. Social char- ity, which includes all social mi- s that virtue which moves a man to be charitable towards his iellow men. It is so important that Pope Pius XI called it "the soul of_the social order." Social char- ity gives g meaning and incentive to rmrtual eo-operation; it in- spires the members oi a society to work for. l.h€l!"lSSOCll‘ce, it lim- its self-interest and emphasizes social service to others: it gives principle to all social work and vitality to the whole social oh‘ Aer. Those who are aroused by the spirit oi social charity will also perform their duties oi soo- ial justice much more readily be- cause social charity elnbraces a nsuch wides- scops than social jus- -tiee. The two, social justice and looial charity. nussLwos-k togeth- er as PopevPiua XI laid. "they must" the firm basis for the ref ‘o! society." I! a sue- cessiiul Ondit Union were studied ltwouidbs iourutthatboth soa- ial charity and social Justice are working together. It is this Qirit o! social-charity which is so_ pre- vslent in the credit Union that

',will cure mush oi-ths ill feeling

in the world. y O I O ‘

- ‘lhe Credit Union is an insti- tution which builds and supports‘ the torcss upon which civilisation‘ is built-faith, hope and salt-eso-

~ ildencs; ‘rhetiredit Union has

iaith in the honesty at ‘its mem-

* a a ~ ..~;. -."::.": z" * - notes the , iiaie neocons- tlcali and aaﬂeial alumnus-ran- it i l- 1 rm m

ham. Leo 21;! advocates the tiarmstloa of "moieties for mut-

u-i, ..

this as well as the Credit Union."

is consistent with that democra- 4

oietios for mutual help. The clergy and members o! the Catholic Church have aim s approved and supported the edit Union. And not only the Catholic Olusreh. but'_ many transients, groups and individuals. approve ct them. In the nineteenth liti- nuat’ lteport oi-the card 6i livin- gilsm all‘ dc: o: the nitid ‘are _ca_nss.i was mum. " .. . . that this nears warmly endorses them-operative

_ grievances u‘). prsetipsi- solution ' . problems _s em s»,

. , ethi -'-=el- tame Halli Guilt Uﬂloﬂ. (‘in the 1.10001. anniversary oi the credit Union seem-m. ami-

are sa- dent ‘rnussa stated in-"psrt . . . ,_ .

’ * but-

ALL‘

12s cumssnunn stern ;

y to expect from Pontiac."

"You have an all important eoo- , to B.’ D. Zeyln mikes _ ; steps forward and one backward.

iribution to make to the general weliare o! our societysnd I 1am conﬁdent that you wllimaks» it unstintlngly . . ." On the lime occasion Prlmummggq 5L u“... cnt wrote, . . i "Credit union; n. present a successitsl applicstioni o! the co-operative principle to the improvement oi the material. weiisre of large nu ‘ of our; people.” ‘

~ O O O

_ R ortiag on the result oi the. Ore t Union in othsreountries. Iirthtir ll. rum and Leonard ml itohinson had this towssy. ."It has [Wen to be‘ s__ef_,ths most. Mint Jnorsi- national’ and tceiai forces» in tire-history o! c:- rvriization and in tire enrichment d thsJiie oi. the ceslrgon people.‘ .Every term oi progress accord-

-_<.=v1AN. em

w»:

Yes, Pontiac’s ﬁrst completely new line in more than sevenyearsl Into its creation went years and years of research, trials, designing and rte-designing, ‘testing’ and re-tcsting. And ﬁnally everyone was satisﬁed ﬁevery- one“ said. ,“That’s it .1‘. here’s a car t. that? ﬁsitmngh in every way'— a car that incorporates the lzltbsajor advancements we sought —— and yet retains ‘all the thoroughbred characteristics that Canadians have learned

i. . .. '- i0

We havb taken the greatest beek- ward step in history in the-recent war and have not yet advanced irons it. Ii vs arsvto take theﬂtwo taps iorward, the Iplrt tot co-op- oration. which is In ‘prevalent in the Credit vnionJs exactly‘ what we need. . " .

Nature diqiays the live instinct. Let‘ u;

"es-operatives - cmununities vrlil arnske up» a co-

w ti. and -. ti - nrisuzt

. . .\-~-' ' , . ms.

Dealer. ‘You’1l see a car of breathtaking beauty — ‘a car: with mbrteycomfort and roominess, broader vision‘, greater ' safety. Ifsuzibovverful, responsive car, easy to drive —- and a pleasure" to drive. You’1l say it’s a really remarkable motorcaryalue, whether you compare it luxury cars, medium-priced cars, or other cars in Pontiac’s own price

ﬁeld . . . For Pontiac is priced with the lowest I See it today l

‘tive ins t ‘simpliﬁes in the

human i _ to the world. Un- llls this ctr-operative mil-it that prevails in the iqsnily takes root

in international aiisirs there re- mains little hope for universal

peabeansong

it’ has bee _ Credit Union can help remove amen o! the economic unreal: irons the world; that tbs Credit Union though not limited to any particular national or religmus ideolosv functions especially well under a. democratic system; that the Credit Union movement en- Bmplsses the globe: that inter- national too-operation is tbs pri- mary" sai ior universal peaceﬂrhe‘ redit Union. is one of Ute outstanding forces promot- ing goodwill and co-opernuon omen: nations.

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