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torn: cuantonnown cunnmu

hum-w. Clan: a. IcLnn. I. r. vlu-PmIIl-Iv-J- l "I'm samcary-ucuc-cal. n. A. lullllu. B- I- 0-

3411.; q.‘ flguglng lIlracfcn-J. B. hlrlotl. Aaaochh ldlforw-Jrnlk Walker all l). K. Currie Ilfllll ball: ironclad IIII) lfl-I par you (ll “'96) MIIWYM- ltll pm- IQII (In advance) lulled ll Clnldn and United Blatan-

e

FRIDAY. JUNE l0. 193!

f . 7 BOTH OPTIMISTIC wed clam we»: in“ WW"- nqn m, ‘ndual and systematic in- The addresses delivered to they!“ m m, mnsumpmn o; the Jaembere of the Canadian ManuVmNeS m4 m, "gum- extgmign of flowers Asoclanon at Ottawa onvinmmltmfl "ML A pfgpgig] of IIMMIM: M11111! by l!" 5°" 5 a "gold truce" calculated to create I. Rhoda, Minister of Finance, and a transitional period during which 31' wmhm c1“k°- Brim!‘ Higmfurther aggravation of the econo- uuuruuissioner to Carlada, were in mic situamn wuid be avoided was m optimistic and eneouraginginmd by me coma-gym; and a Fm- T“ Mm“? “hue ‘dmlnmgrccommeadation made that the that tho rmprecedented depression, League o; Nitfom place me pm. {which we have ‘been passing p05,; before its mmpetmg bodies “NW5 V" calcmawd i° "u" as early as possible. Public works on In atmwnhm- surchflmd with both a national and international I" 7mm‘ “d "u fmwdfnll- scale were advocated and in this dtclked that without aztemptlng to mnnecnon ML Home $3155 ma; ‘w- difficulties it was well mime commmce- panned our ma; i“!!! in mind m0“ 5"“ “hichrpublic health works have the ad- lliké 1°! mwurflgfmem and Twidivantage of increasing the welfare 011$ m9 highest- YIOIRS 5°!‘ Yhelof populations and raising their Mun of our ma: Dominion Hestandards of living and that first minféd out that Canada has mPftthought should be given to develop- lll h?!‘ Obligflfivnfi. bvih 5011185116 merit of hydraulic works, water and foreign, w-ithout undue strain.?supp1y' gbglitlgn o; unhealthy (m- o"? b81135 8nd BYEBI fi-"QP-C B1 ih-fdizions, construcziorr of workers’ “Win10!!! hi" N"! than ‘dwellings and electrification of rural’ equal to all reuonable demandsidgsrrir-tg, made upon them. Our national

Z1101?

notes BYTIIE rm

Thole Ire testing time; for the ' ingenuity of man. Many people are having their first experience of enforced idleness Prom the peake 01 nmwritv the world has leaped into a veritable morass of unem- ployment, in which those who have 110i. wmplete reversal o! fortune simply are floundering about. Bu: not all. wourceful minds are meeting the situation, though new methods of making a living call for a philosophy that cannot be culti- vated ovemlght.

Germany's new Cabinet, u- oording to a Berlin correspondent, is “cralnmed with e- obled aristo- crats and devoid of parliamentar- ians." A hopeful sigh. in view of the fact. that “parliamentarian? these days is Just a trick name for poidoticians.

“Y. Bennett is a {real mmfun in these days of uncertainty and rampant "quack" remedies. Be- tween as speeches, even those who trust him mos: begin to wonder. 'I‘here ls so much excited chatter cv'er_vwhcre about trying this con- ceit and that crotchet to scape from the shadow of "depression" tint we wonder if the Prime Min. ister will hold out. Then he speaks again; and the wondering ceases. He is just. where he was when he‘ first laid a firm hand on the helm.

The Prince of Wall's still keeps up his reputation‘ as Britain's best salesman. Here is his latest: “No one will buy from us these days unless we go out to sell to them- sell them what they want to buy,

cedit stands high, and we can to-p A jnAjuf-[ME TOUR

day marshall as strong forces toi

meet cvtry possible test as we cQu1d' The business interests of the Do-! “u, y“, ago, notwimstandmg the 3mlnion as represented by over two, “c; ma; 1n me period “rlrrch mes hundred Boards of Trade and‘ gmmqnggely behind us Canada was Chambers of Commerce will as-l qmgmnmd with’ and succesmn}. isemblc this year at Halifax on Sepz. ma; m4 owmame, a number 01:13, l-i and 15 at the ‘Ilh annual: wgry real pfiyblgm; 0g mo” than ioonventlon of the Canadian Charn-, ordinary glfftudg, 1n 5 sunuarliber of Commerce. The convention: Itrsh; Sh- William Clarke spgkg o; will be of exceptional interest in as‘ thcsurpa-Lslrigly strong position heldunuch as the decisions arrived at! b! the Mot-her‘ Country notwich- gthrough the Imperial Economic‘ Itmdln! the troubles she has hadmmference this summer will pro-l ho face. Confidence is being dis- vicle it with a for the con-l P!!!“ flhrolilh the Ordhafl‘ cllan- sderatiori of the furtherance of.‘ B915 of Bflfl-th banking and fm-Elrnperial trade development.

N100 Hid. indeod, the probiem which ‘ Moreover a prE-conveflffon Marl. , faces British authorities, so far astime tour is being arranged for fhg‘ U16 0891M! items in their expendi-ldelegates from Western and Cen- fllffi IN concerned, is las to nro- ,:ral Canada, which wdl include a Wt "he lmmd sterling than to Dre- gvisi: to Charlozfetorvn or. scps. s. 1.». vent or neutralize an excexive in-iarrticipation of the convention an flux of funds from abroad, whichvatzraclivre booklet has been issued‘ Inisht wove embarrassing later on. ‘by the‘ Chamber, featuring the; 7&9 M“ n“: 5h‘ William Wiilied places to be vsited. Charlottetown "t h. hem "awed 1n 10nd“ bi‘ ‘is represented by a photograph‘ 13h‘ 3nd "Pxd “$895 1° 3 Fgishowing a pan of Queen Square,‘ 8'1"“ Ind my 61411 so ‘llflhef-{thc War rronumem, and Greati BIO 5&1! Commissioner atzributes, iGem-ge sfireef, pom ¢hay;o;;@;°.,,-ni In I- vw wwdemble eaten: the ‘the delegates will go to sydurv, 2v;

i

Ilzmg position of Great. Britain rots__ s; pierre.mq,,elm_ 5L Johnlsywociezv. or a’- rvlf- But W0 rem

1 t“ m" 311° h" bewme DN-Hlewlcundland, and thence to Hali- "whu- "YW know from your fax. After the convention they wii‘ III: lkperknce" he said "that alum; Gym“; pm Annapols R0, bedded deal a a bad deal in the Digby, m1 pomp, 1,, N... 3m. .' 1| rvm and h no foundation for fwfok, "me mute h“ teen planned I m!‘ Ifld last-ins expansion o! with a view w giving a comprehen- Rdl. Th5 k first as true between sic-e knqwlgdge o; m5 593330“ o; W"5mln‘ “d wimmes B-i bE- ‘Canada, and should prove of great IIII: calculations or individuals oripubllelz value to the Marleimcs. kl.‘ I B lomsflring new in the; y m! of Britain to find its fink! Nprmmtatlve declaring, fililfiwflyintavcr 0f 5 pro-i £10 ilflfl hr bnrgaining bur-i F‘ '

GOOD PUBLICITY

Valuable publicity for the lobster fishing industry of this Province is given in a leading article in the current issue of "Fisheries

pvgbfg WORKS Bulletin." a publication issued monthly by the Federal Depart-

k "*5 m “G999” “d the ment of Fisheries. The article. M!“ 3775951!‘ c7315" 39mg“ m‘ reprinted in a recent issue of The

Hie current hsue of !ndeperrdencc,Guardlan, notes the increased regmm as being bugy during the “m,” o; commons um the mu m_ l , A .

w m" “m Mum'- Wh° has-m“ 7°‘, turns which Prince Edward Island , months the House sits, but he has a p01»; o; m“ womfzm (knee wu]

m‘ himdnemmsmm“ “Qreceived from lobster fishing inififfflt 09811110"? i0 4° "m" umt-iintensely interesting. The Ottawa

a‘ m‘¢755u'°'numb°"*c°n§"m°°: 1931 when fisheries generally were P731594 W!‘ b! 3553"" mmertmn! t diminished everywhere, and at-

F“ "m? d" l" cmfllfmfll W‘ tributes this success m the Island‘ n,‘ u” “much m“ u “gain ad" ' 1151197111953 adherence 111 0lh¢1"ing with opponents who hurl M1115 suggested the first of all a super-

Ilu“ P55995513 Which u heeded-{seasons to the regulations protect- II- 110m 9111KB- Wuld prepare’ lng spawn lobsters. This is a de- II Ilv M’ I Mum to n moi-chewed tribute w cur fishermen, UNI“ M111 9! 5°03“?- ll W894i and serves to call national atten- Ififl 81°98 “l?” m!” It 141E‘ tlon to the importance of the fish- lfilifl- 593,931!“ It‘ Llusf ing industry in the Province.

Inna! has, the problem of repara- lfhl Ill other international politi- i 1* b0 SW61! (hilly Ind 1n Manny with the general interests

EDITORIAL NOTES

It‘1s a pleasure for The Guard-

llnnwmallaeennferenoaameetlng bfplllbobmtllrhofnllstatesbe bQvInldtolltf-lothegeneralprcb- IImofcunIwII-fldmfilnd" Imtltutean Mel-natural mone- hrynliunpolemmgthe mou- aaryquarmu amnion thit- naallnamrabotakea to mun npeemenhbvtweonahtealoldilll h' a” Ilmwhn a e$gqnh¥vtltiflfl and Til!‘ Cullen 0f fh‘!

IJQQUQ~IBU¢I°“°°“"""”°'“

day. Few citizens of the Empire have crowded so much of hard work and achievement into their

[been cords), but he has always

“social distinction that

. of the Board of Trade. and was re-

rathcr than to get them to buy what we ‘want to sell-I’

In all, fifteen by-clcctlons have been held in Ontario since the last general election in 1929. Of these the C-overnmen: has won Algomfl. Brantford, Dundu, Genville,’ Hamilton West, Tsarlark Smith, Npising, Norfolk. Peel, Perth South

er“"‘e".v North, York South and ‘Wes: York. The Liberals have won: \Vatcrloo South and Wellington‘ South. The score is thus 13 go 2.

President Hoover's relations with working nervspapennen have not

shcvm a lively" serse of the im- prrtance of owners and chief edit s. lfany of them have been

from time to time, and immune to the attaches to personal guests of the President. Perhaps one of the consequence; ls that President Hoover has been less CliflfiSéd than any other occupant of the White House in recent years.

h‘s guests have not proved

At the age of 42 Bonar Law was ilk-Ln; the life of a successful business man, spending his leisure in resdmg. or at a local debating

after entering Parliament, in 1900. ‘he had so far made his mark that he became Parliamcnrary Secretary

7gardcd as one of the most promising isupporters of Joseph Chamberlain land tariff reform. According to iihe late Lord Blrkenhead. he was the one man in the Conservative .front bench, with the exception of Mr. Balfour and Mr. Chamberlain. _who could give an explanation, at 'unce intellectual and practical, of ~the new policy.

' much,

on

III

sir. Arthur Mcwalttrs, c. 138,, said that he had been called upon fospeakbecausehcwasthemolt recent arrival from India, and probably also because for the greater part of the last 20 years he had been actively concerned in me management of the Indian cur- rency. mdla was the one country left in the world where the unfor- tunate Government had still the management of the currency. 8nd i5 was to be hoped that some day a central bank would take the P18“ of the Government. He gave reasons why some more or 15s automatic backing based on metal was neces- sary. As to what that metal should he was a matter of controversy. For many years he had been an ex- tremely keen convert to the 60¢- n-ine of blmetallism. No one could have worked in India and seen the importance of silver to that coun- try without. desiring to see silver taking its proper place in the wr- rency system, but at the same tune. he did not think the bimetallic“ had always been successful 1n pfagficg, when one considered the Gold and silver commissions of EM elghfes it was unquestionable that the bimetalllsts won all along the line. In theory they were incon- trovertible, and they had the hon- ours. In practice they were unable to get sufficient international co- Qpergfon u, carry their practical results through, as a rwrlt o! which i: was found essential to al- low India to take her own line and she went off the silver standard.

As between gold and silver. or gold, alone, he did nor. wish to say excepting that the real point was co-oper-ation. As regards India, there was one more H1190?‘ tant matter in relation to the lat- ter part of Sir Robert. Home! speech in which he had referred t0 rhe co-ordination of Elmpire count- res in the future. India was one O! those Empire countries. and the Indian currency was~‘one of thoie which, when the British Govern- ment went off the gold standard, linked its currency with sterllni- 1i was i diffcuit decision which had to be taken, and one much oppos- ed by many natives in India, but it had meant that the Indian Gov- ernment had been able to have a strong rupee instead of a weak one. It had been able to 1118mm!!! "-5

own balances and to pay off in'

January many loans, and it. meant

1mm should be taken b! u. utnblishment d! a sum-hm! for the Empire where the MW Bu! banks and central hanks of the

and against their curnmciu. Once having reached ma». mac. Settle- ments mum h, m“; without‘ much trouble. The next vwbkm W" M“ these balances were in be “WHY-Hi They mug; be created within the Bnpire: there was not time to wait for them to be international, but this could be done at Ottawa by simply ggreelng that the super- bmg 0| ma mipire would buy silver and hold it as a rnonetll’! unlhlhconethingtobodollclfl get. the price level of the world up, enable budgets to be 178180090 8nd strengthen the monetary unit of the Empire was to remonetlno silver.‘ an were locking forward to Ottawa] and personally he thought Ottawa" and Canada zvould lead the Empre and the world.

Mr. Herbert G. Wiiligul-i. M- P» sl-id he had listened that evening with tremendous interest to four very distinguished 111E111 U16)’ hdd all spoken on the some side and they had all assumed that there was nothing else to be slid- Th8 history of bimetalllsm wu one 0! marriage with periodical divorce; there was not a siflslfl 911541118 “- ample of a continued blmetalllsm. and the bimeallists would have to prove a great deal more than they had proved. It was necessary to look at both sides of the question. There was no natural ratio between gold and silver: the volume 0K PIO- duction of the two cornmodftlm had no relation at all to the exchanse value. Until currency metals were thought of in terms of their com- ,conferred upon them by Acts o! |Parliament, there was bound to be trouble. what was there to stop the market. being drowned with silver one day? How could one make sure that. the gold in the hi»!!! W85 8 backing for currency? It was not, but it was a link. People said that ‘the gold would be used in r941, but at the present gold value there was sufficient to finance three times ithe volume of trade. He did not ‘know what ought to be done; he pattended every currency meeting he would, and always found himself to be the one person in opposition be- cause he had still to find intellec- Etual satisfaction from any of them.

n

Silver as a Useful ‘hag.

The Currency Pfflblem

By the m. Hon aa- mbm 80:11:31.8. n. K- 0» M- 1’- lPPCCiS of an addms delivered at ameeting of the Bu!!! m?!" Bpclety, lnndon. on April 12. 1933-)

mplr-gwouldkeepbllslloflstobt.

ma" M mrtmate’ they would b“ Commander the Hon. J. M. Ken- “b!” 1° bu“ “- ‘mm’ ‘°“'“"‘“lworzny said half the world in its fswbusm" “ “w”? 3*“ whmflobstlnscy was wedded to the belief w” ‘me M the esentms o’ mythat s'lver was a precious metal future. In spite of this, last March, and something to be hoard“: me ‘he m°ml°n °‘ mm“ chambersmther half believed that. gold was a °r Cmnmem‘ paged a ‘esmuflmithing to be hoardsd and put away. Pmtesting against the linking uplBoth were utterly wrong. Silver of the rupee with sterling, and a-lwuld act as a very useful tug to 5am“ ‘he expormmn o‘ gum‘ it bring the storm-tossed ship to har- wms necessary to bear in mind that hour’ and R was probably the the Indian commercial public was quickest way o. bringing about a 11°‘ Y" °°“"°“°d- [rise in prices, without which there

m" ‘I’ R Darling‘ c’ B‘ E" (eltiwould surely be catastrophe. It was that there was a part of this 1m-

‘suggested that at Ottawa the Brit- portant. subject which had not been ‘m, mp,“ should Se, m w“ w re_

touched upon sufficiently-the priceistablish the monetary syyem o! level. Unless prices rose it would beime Empim There were flaw" immssible t“ cam’ the debts Ontwo hnpires—a political and an me world‘ These deb“ ‘m’? famnggeoonomlc Empire, and such coun- away; interest was not bong paldurx: as Maxim the Argentine and on them, and the debh were nofiscandlnavia we're a much i pa“ being paid: they would increase and or the economic Empire u scab 9° °“ “m” °°m°mm “m mdLIand. Why had not. the Government

R. B_ Bennett, Prime Minister, that

‘dizzy a: his desk, is a reminder of

the price that statesmen some- ,tlmes pay for their office. lvfr. lBennett has not had a holiday for years. Some people may think of

iHe has to be "on his toes" while fthe House is sitting, answering ‘questions, presenting Government

.mcasures, defending them, parry-

and arrows at him as fast and si lotion as they can, he has to inter- [view all sorts of people between ,whlles, and before and after the

House rises for the day lhere are; ‘um m“ the "old Klara, had won

The stllkment of the Rt. Honxsome smug dynamic m,“ m “he ‘the prices of the world. It might be he had a. “warning" the other dayfim‘ we" w" only one game m“ News, when he suddenly became a bitkwmd do 804b, remmenutbn 01 ‘silver. A. great opportunity was be-

fundammtal were done to bring in . so‘ meme! the comm“ o“ the ‘gold standard and endeavoured to ‘make some monetary system be- tween th? There was a great fear in Wall Strcet that that sort of

woul o e, an at 0M a w» mo» a u» 322.3“? wit? 3.3.. .2 iifiifilf “m” °°'"°"“°°- m’ mm‘ lowed to participate and to link up lliorne had read the important re- the mum, “m: mum;

“mum PM“ i“ m’ “ma” Sir John Weston Jarvis felt sure that all would agree that they had had a most delightful, interesting and instructive evening, and on be- half of the Society he thanked Sir Robert Horne for his great kindness and for the brilliant speech he had given. He also wished to thank all _ the other distinguished gentlemen

bank for the Empire was requtredfwm “amassed the mam,‘ n“, ‘In London the Lindon Clearingmamself. he w“ m lbsnluu huh

House effected setl. ement through “he Bank o‘ mghnd’ but a “epygoorlrfdwéti? Xéhmzéafitzrsnollalea:

Conference afforded the Empire the great opportunity to come together and form a monetary unit. What was that monetary unit to be? He

copfcrences to attend, letters to be’ with the persistent tariff atiacks'm ‘long the um 45 yum ‘so m

answered. documents lo be pol-ed over, and a thousand and one other matters to be seen to. Then when Parliament prorogues he ha: a multi-

tude of affairs to give attention to

|ln order to keep the machinery of

|ln "° mnmluh“ m‘ H°"°“" Government going, leavng little United States’ bear customer seems LEM-Gill!!! 00'9"!" Dalton. who‘ time for lchure or recuperation.‘ to make no difference to her efforts. yesterdl! celebrated his 81st birzh- He has tb burn the candl: a: both‘ in prevent Canldian goods enter-um“, w m ‘fl-magnum i; ‘u called u; 1n ‘he mommu; m‘ and: and in {he middle as welL-St.‘ lng the country. The latest tariff m“; mo“), m giggly“, y“, (“haven learned to maintain a deem--

Thomas Times Journal.

w”! .. l... H. .22;- .§::"2:::.;"::; .v:":.::;*:~. ;':.;‘"":.;i...‘"'..".:.": :2: .:,",;';§‘.‘;i‘°.;'2. mo: our" ""- atfll remains hale and vigorous in the only friend posscssed by the‘ y-gfllflllgrlhl‘ ghe friendship of the "may"; u u“, “m 1,9 prmpq. when thinking he y" 392;: a the discharge of his respqngiblc Unlcd states among the nations Oflflnlfgfi guts for the Dominion iswaa a rise in aqmmorfgy pf|¢a_ mas‘ , the front 4mg Wm“ b an“, u "mama-ave o. me the u-wrld. But the prcprsed new”: unacfnalr. They must look for ‘m; ygy u, m" ‘you; an; m, admit a 1mm “u, (m, "Mum,

i "fins" and“ w" a Pa“ °7 ‘hflngument. They were quite aware of

past twelve years, gives an incEc-{mgg bu; m, mop], o; the country ation thag, Canadian friendship lfld.'¢fQ no; gducated up to the ques- Canadian interests are u-ivlal things “on u may were .041“. they h“

i° "w Iwmmm‘ °i "m hi! M1811- not been touched in m.» vial spot boring rust-ion. ‘first Canada is thew)‘, pocket’ a h“ been me

mvwflr will wt o" thirty million place of the old urn Union. and u dollars’ worth of exports from Can- u“; ‘m dam p, unwed cum.

during u» m: 1a months. rt zuqwm" "m" i" Wflwme man-er British mph-c at Ottawa would °" m‘ "m"! In the