DEQEMBER 20. 1932

Kbegweits And

Hawks

T0 Overtime Tie Thirty Minutegaf Hockey Failed To Break Regular Playing

Time: Score Of 2 All. Abbies Have Big Eg In Play.

wndihg through ninety minutes u brilliant and heart-breaking hoc- w Abbiu and Moncvon Hawk-a, mguo leaders in the “Big Three mop" akated off the ice last night dud-locked at 2 itll. All the scor- m w“ done in the regular play- uu time, with the extrmaesalona woduoizig plenty good hockey, but no swrlnB- - , Lust night's game is classed with m6 of the bent ever seen here, and from a fandom point of view was pinging in the extreme. Both lino-

up, stepped cut last night with ident Wry w do all in their power ed from Kreuaer in this mum" remedy la the adjustment by re- tribution to unstable credit and My views are well known: I will , it has developed it appears neces- vxmy bu. gm door" conspiguqug i Irmie (Bunmemronmn 19w to facilitate the formation of lea- only by beins more coniemnilble duced production. That is in part. currencies and to the loss of ivorld ‘ 1101 61110111111 11w 1110112111 vi can- Wary for the exvvuiiiv in lifuvcc-il. v by licr absence. Of course there penames_muckle Mencken - sues and to encourage generally m_ and more dangerousy . true but decreased consumption is confidence m political S.,,,|,m;y_ collation. I believe that tvbafevcr ObviOllsly uuy conch“ M‘. L.

' was some ragglng of the puck, but

nu the whole wide open hockey was the older of the night. Abbies opened fast in the first period, carrying the play to Hawks who rcccptcd the challenge-and the battle was on. After dominating the play for more than two thirds of mo session, Aibbiea were handed l. tough one, when Nucker Irvine, flashy Hawk left- wlnger batted Hurragc’: rebound into the mesh it the nineteen minute mark. Bu- bu was beaten, but it wasirt his fault: his Pdoorstep" should. have tern kept clean.

Hawks, full of confidence, but mighty cautious. skated on the ice rmtheaeocndperiodontbe tcpof | one goal lead. This lead, however wan sliortlived. After a torrid 0f- fcnsive launched by the goal scent- ing Red shirts, Hudson tied the mm with a wicked angle drive from 118M V1118. The dhof Wll rifled from about twenty feet inside the Hawks blue line. Foster, who ducked in time 1o save his face, was either caught off guard gr ex- pected the disc b0 ride the top of the net. At any rate “John Rubber" hit the draperies Just behind the Moncton goalie's car. On the com-

Battle

from the Hub town turned aside sixteen ehota while “Daddy" Bubu‘ had two to 100k after.

The three ten minute overtimee which followed produced the same scintillating hockey, but no goals, and when the final bell rang, two weary aggregations skated from the ice.

THE SUIVEMARY

rim Ieriod

minutes; Muckle, Moncton, 2 minu- tes; Gill, Moncton, 2 minutes; Gill Mozieton, 2 minutes: Ferguson. Abblea. 2 minutes; McDonald, Moncton, 2 minutes.

Siops-by Bubar, 9: by Foster 1'1.

Second Period

z. Hudson, Abbie: 1.00. 3. Irvine, Monctcn 11.00. Penalties-Gross, Abbiea, 2 minu~ tea; Irvine, Monefnn. l minutes; Beaten, Abbies, I minutes. Slope-By Bubar. 6: Raster O,

Third Period

4. Jemmm (dnwlar) 8.00.

Penalties-Mickie, Moncfon, I minutes; Fiergilaon Abbiee, 2 minu- tea.

$wp5—By Bubar I; Foster l0.

If!“ Overflme

No score.

Penalties-Oliver, Abbies, 2 minu- tes: Burrage, Moncton, 2 minutes: Beaten, Abbiea, 2 minutes; Hudson. Abbieyl minutes.

gwwgy ‘Bubar a; roster ‘I.

second Overtime

lETlERFRllM THE m: PREiLIIENT

More Attention To Intermediate And J u n i o r‘ Hockey, Says J. E. Sterns, M.A.H.A. Official.

It is the intention of the Mari- time Amateur Hockey Association this year to pay considerable atten- tion to Intermediate and Junior Hockey. Every encouragement will be offered to Clubs operating in these grades. Officials have been appointed in each of the three Pro- vinces to look after the interests of the club in their particular Pro- vince, with instruction: from Prea-

termedlate and junior hockey. Intermediate hockey on the ls- land has been progressing with ra- pid atridea for the past few years. The officers in charge of this par- ticular cutegory deserve every praise for the work they have done. It is the aim this your to have one hun- dred per cent of all teams operating to come into Affiliation with the M. A. H. A. Special financial dis- pensation: have been made for team: in small villages and towns, with l. view of making the financial burdens: light a: possible.

Only those teunus whose players are properly registered with the M. A. H. A. will be permitted to en- ter organised league: or to enjoy playofl privileges at the end oil the season. Registered teams and phy- era are forbidden 1e compete with unregistered teams or players under pain of suspension and cancellation of all M. A. H. A. privileffl-

All Clubs and leaguea are invited to write to the undersigned for full particulars as to procedure for be- coming affiliated and obtaining am- ateur cards. playing certificates. 911c- J. l. STEBHS, Vice Prea. M.A.H.A.

THE CHARLOTTETOWN GUARDIAN

LIBEL CASE

I (Continued from Page l)

Macaulay, told the .1111’! Harpelfs published words, unless true, con- stituted tlie most cruel and atroci- ous libel which could be directed against any man, let alone a man who occupied a high position in the community.

selected paasagea from the Oc- tober issuc cf the magazine “The Journal of Commerce," cf which Harpeli is editor, and called “In- dustry. Commerce and Finance,’ written by Harpell, formed the basis of the charge.

Macaulays name is linked with that of the late Ivar Kreuger, Swedish financier, whose far flung International Empire of Finance collapsed with loss to millions of people. The Journal of Commerce describes them as “the world's greatest crooks."

It goea on to say Kreuger pro- fessed disbelief in a future life, but "Macaulay capitalized a. feigned religious attachment. He was a churchmen without the necessary moral foundation. He waa a. religi- ous hypocrite end therefore differ-

To this. the defence as outlined by Calixte Cormier, Counsel for Harpell, replied Mr. Macaulay was in fact u prominent churchmen. Counsel asserted he would prove he had faked his books, padded his amete and presented fictitious bul- ance sheets; he had made illegal loan: to Samuel: Insull of Chicago and the maull Utilities Investments, Inc.

Another passage in the article comparing Macaulay and Kreuger any: "they were both Junker: and each played the role of a Croesus, - claiming for themselves just the op- posite of what they were and bluffed their way out of many a difficult situation.”

The lecond alleged libel asserts

fore this if the Attorney-General of the jurisdiction in which they

book "Industry, Commerce and Finance" and raid the Policy Hold- ers‘ Association in 1929 sought the arrest of Macaulay and A. R. Grau- stein, President of the litter-national Paper Company and could not nec- ure warrants because the Attcmey- General and Prime Minister of Que- bec was l. director of the Sun Life.

PLEDGES

"- (Continued from Page 1)

‘:__

them. While ft i: difficult in any analysis of world economic forces to separate the cause from the cf- fcct or the symptom from the dis- ease, 0r to separate one Belmont of a vicious cycle from another, we must begin somewhere by defer- mination of our objectives.

It is certain that the most ur-

00158111181108

which an arising between many debtora and creditors. The values behind a multitude of securities are lessened, the income of debtors ia insufficient to meet their obli- gations, creditors are unable to un- dertake new commitmente for fear of the safety of present under- takings.

lt is not enough to say that the fall in prices is due to decreased consumption and thu: the sole

brought about by certain economic forces which, if overcome, would result in l. great measure of recov- ery from the depression. Any com- petent study of the causes of con-

that the generalprice movement is

national influences therefore have a. part in them.

Price Lflval: and Gold Standard

brings m; at once to the fact that price levels have been seriously af- fected by abandonment of the gold

These fluctuations in themselves,

of unnatural marketing territory result in arbitrary trade restric-

tions and ultimate diminished con-

sumption of goods, followed by a further fall in prlcel.

The origina of currency inatebil- ity and depreciation reach, back again to economic weaknesses root- ed in the World Wai- which have

mental-y currency would add to ' stability in many quarter; of the’ world. lu any event it is a ccrtuin- l‘ ty that trade iind prices must be, disorganized until some method of monetary and exchange stability is

PAGE SEVEN“

authority er independence: on the side of the Congress it is no com- mitmcnt but providoa for the sub- sequent presentation to the (inn- gresg of the deliberations, intrica- cies, reasoning and facts upon

erican people naturally feel that cancellation of these debts would give us no relief from arms but only frcc large sums for further milit- ary yareparatlous abroad.

Further, it la not amiss to note

ery of consumption and thus recov- ‘

tinuad abnormal level: of prices, wouldlt once establish the fact . the United State: has entcred into this whole situation. It i: my be- wcrld. wide in character and inter-l lief that their lmbox/tance, relative

Filrther exploration in this field weigh heavily upon foreign

and separate ncliou of (liffon-i

countries cncli lilfhlllg iur nvpuruti; 1 uulrl is not. n pmpCl‘ representation

‘It ia for the purpose of discuss

111B Ulcse and other matters most

vital to us and ilic rcsi; of

'lf possible undertaken simulmn eously between nations.

World Armament

The reduction of u-orld annamen also has a. bearing upon

with the other questions.

t0 the other world economic forces 1n action, 1a exaggerated. Nevertheless in times of deep dc- preaaion some nations are unable to pay and in some cases paymcnfs do (‘X- chmige and currency stability. In dealing with 1m economically sick would many factor: become dia-

Mwuu“ and m, assocmfl woum standard by many countries and torfed in their relative importance have been broughflojusggce 1on3 be- the consequent instability and de- ‘ and the emotions of pcoplcn must preciatiou of foreign currencies.‘ be taken into account.

A: Congress la aware the prin-

lived had not been a director of the through the uncertaintie: they cipal debtor nation; recently m- company. The third i: from the create, ltifle trade, cauaeinvaaicns quested that the December

rmy- mentl on these debts should be postponed and that we should un- dertake an exchange of views upon possible revision in the light of al- tered world conditions,

We have declined to tpone this payment as we considered that such action (a: would amount to practical breakdown of the integ-

atteined. It seems impossible to . that the contention that payment secure such result by ihe individual f 0f these debts is confined to direct

i _ i

tho. , aition complete without taking into sent economic effort still before world that we have jobicd in tho the world in the restoration of price world gwnomlc Qflnfgfgncg u-iu-u», _ American tourist expenditure and levela. The undue and continued m. mun; mu ffpjflsufe. {or mu ‘emigrant remittances alone to moat 11111 111 P111199 and 1111111? 017111011513‘ turning of the iiclc of business and 11111"? 11111-11? 01181115- one 4111118910115 price levels through rcmcdy to 501m.- YWWBVBI‘. 15 111511111’- of these destructive forces can b‘: 611011811 111 1110 1110191181111 11111101111105 fully and effectively considered and

these , ulthcr the excuse or 4 quegflon; Th, ggupeuuou. “Hum... i for (llflllfilldlflfl still larger sacri- in military expencliturcskuice bc- 1 11°95- forc the war 1a a. largo factor in world wide unbalanced national budgets, with that. consequent con-

wvhfle these questions m.,, no, a W" 1 further sacrifices the American , uibjcct to illlpfU-‘(il h; u.» of the work proposed for the 60011-1 95°11“ 11118111 1118119 by W11)’ 01 I11-

omio conference, cognizance of its 1 1151mm‘ °1 c5811 Pflymvfiffl 1111181. be 4 pmgress and possibilities must bi: ever in the minds of those diklllflg

The problem of the war debts to

which recommendations have been based and is of first importance in enabling the Congress to give ndc- uuate consideration to such conclu- eiona.

l. Diacuuion: in , to both debt questions and the world econo- mic confcrcnce can not be conclud- cd during my ziiluiluuiizetion, yo: the economic siiuuiiton in the world necessitate: the preliminary work essential to its succesa. The under- taking of these preliminary quea- tlona should not be deluyr-cl untii after hfarcli 4th.

I propose, ilicrrfore, to seek tin: coo-peratiton of President-elect Roosevelt in the organization of machinery for advancrmcnt of cor.- siderzifiou of ilicsc probl-rrtn.

u shipment uf goods or payment in since in normal iiniea triangular tradefanvery large factor in - j world exchanger, nor is any prea- cnfatlcn of the trade balance situ-

nccouiit services as for instance

of the tlcbwr countries excccd the amount of payments. I may also mention that our ‘country made double the total sacrifice of any . other nation in bringing about the _morutox1um which served to pre- vcnt the collapse of many nations

cf Europe wiih its reactions upon

Y ilie world. 'l'lu.s act of good-will on

t our part must not now be made opportunity .

Debi. Commission

A year ago I requested that the Congress should authorize the crea- tion of a debt Commlf-rilon to dcnl ivlili situziiions which were bound io arise. The Congress did not cor.- sider this wire. In the aituwion u.

Against Cancellation

Cm:- grcSS.

On the other hand should the compensated by definite benefits in Congress prefer to BUUlOrlZe ‘my leg- murkcts and oiheiuvise. islzitivc ciiuctmcilt a ccmi mi sv-i

In any event in [irotectiou to up along the 111105 uboxo mint-civil, Our own vltul interests, a; ggod it would meet my hearty ullplmlli. neighbors and in accord with our I had occasion recently in con- traditioncl duty an W153 mg guu- nection with these grave problems. creditors whether to individuals or 1° 3°!’ “w” cerm“ has“ prmflp’ nations, we must honor the rc- 1°51 (piggy, for discussion o; these qua,“ "If our clvllizalitun ia to he per- 110113 by namm; who have sought pctuuted, the grout causes of world to magnum than. obugamm m ‘m peace, world disarmament and

The decision heretofore reached ""15 191101111! must prevail. They to exclude debt questions from the calm“ 9mm“ ‘mm ‘ Pam m awn-mg world Economic Confcmnm their attainment is built upoil hon- or from my colleen“ mmemnce est friendship, mutual confident-c. with our debtor: is wise as there Are “d 9W9” wwpemtion mo“ u“. obligations subject only u, discua- "m" sion with individual nations and “Tm” 1"“‘"‘“° °b5°°“"°“ "m" should not form part of a collective which the ‘uwm m“ “Mime M a“ discussion or of discussion among ‘mmklnd 119mm‘ must’ b“ N" m many nation: not affected, yo; it m“ thmmh‘ l“ dew“ Wm‘ m“ seema clear that the successful out- 1mm“ “d mmmm’ problem,‘ Th. come of the economic conference “M14” °1 “m1 °1 ‘m5’- up°n u.“ would b, Emmy furthered l; the basis of an understanding reached rlcbt problem were explored in ad- 311°’ mmk and rau- dlscussian’ m vance, even though final arrangc- and °t 115°“ stmnguwns me mum mm; might, wen b, confine,“ on dation of the edifice of world Dro- the satisfactory lolution cf economic 31°“ V‘ mt w "wt; ‘hf’?! our and armament questions in which 1511"" 19 ‘ppmnh dlmcun“ “m. our country has direct interest. dmenn“! 5mm‘ “mm” i“ such

'l'liua from this present complex 9- 591111’ ‘ewe’ hm’ to “ndcnnlno constructive c1101’!-

t i ' plmm o! m. mo?" mentioned H 0 l y Na In 8 T11! 11011111151111 l‘ 131° "m. w" eulmina‘ ‘ in many oountriee in ritzy of these agreements (b) would Ztrafifggfggzllz-deflmw Cont!“ Om "Peace and honesi 11101111511111 count, me Abbie: alowed up aomn- m ma. 1 m u, mandarin‘ o; ’ _ ' with m m“ m" b,“ m, g‘:- wh” "m. Haw” wlwmm‘ the rmumw_nrvwn' AW“, ’ 0011811 110! ° 5 anxietie: in regard to their fina-n- impone an abandonment of the na 1, A numb" <11 gm 5103b peflgug 11!

change of pace. Gill and Bur-rage pliiyiilg without a. relief looked tired and at times wobbly. However, with

minutes: Oliver, Abbles, 2 minutes. stops-By Bubar 5; Foster, 2.

Club Bowling

Last night on the Holy Name Al-

$50,000 worth of International paper bonds par for par in exchange for seven pcr ccnt stock in the Acme Company.

cial institutions, the flight of cap- ital, denudation of gold reserves with consequent jeopardy to cur-

tioinal policies of dealing with these obligations separately with each nation, (c) would create a situ-

dinal pnnciples by whwh W 1"" ever guided our foreign relations. They are the stars by which the world must today 8111118 115 “us.”

probfcma have now arisen‘ and we urc bound tc recognize and deal with them.

m. m“ 18pm m w”, m“. w“ Third ovum“ my‘, m, North and," degeugud m; renciea. Theae events have been ation where deg: would haveageen a‘ n u of In" importance mat . “and m whim our comm must ha“! "on "wand. m‘ “rm” East ma”, by ‘ mnonw o‘ u‘ ‘ouowed by! “Tdnmgn. 1? u; gum“ a ma! ‘ wuéwegd o! preparatory action should be taken “mm, m; gnu," of leadership Ind proving dangerous on a number of No more. 9m" Th“ 1' n“ m“ °t ' “d” movemmt o w m “c m” "m"! up m. m em“- at once, otherwise time will be 10st N5p°n51bu1ty_-»

aortles. At the nine minute mark ploy opened up again. Kane and Button going in on libster, but the blonde goal ltu turned Benton’: Hose-in ahot uide, Kane Just mie-

Penalties-Jemmett, Abble-f. 2 minutes; Gill, ‘Moncton 2 mifillfks- stage-By Bubar. a; Fusion 8- T9“; gt0p5—By Bubur 33; 11081411‘

67.

of five games for a chicken supper and the North Enders are well known for their taste, but the East Ender: any they are tired of pork, so this promised tc be I. battle royal

(Continued from P1189 l)

A. V. Saunders, took the matter up with the Department at Ottawa.

frantic attempts to protect their currencies and credit structures. Restrictions have not alone been put upon the movement of gold and exchange but they have been

ities and thus not only destroy their individual character and obliga- tion but become cn effective trans- fer of German reparutiona to the American taxpayer, (d) would be no real relief to the world situation

u-liilc destructive forces are continu- ing against our agriculture, employ] mcnt and business.

S. Adequate and proper machin-

cry for dealing with them must bd

The situation is one of such uril- ency that we require national solid- arity and national co-operation if ‘we ere to serve the welfare of the American 11801116 and indeed u we

+4+¢+;1:-0+0+0+0+00+0+0_4o4+¢¢~“, ea o++m+o4o+o4¢<o-»o-ooo¢¢¢¢:

i for the fwd-i- 111811 “"11"- E- M“ u tn- imwled "P011 imports or swds in i d 1 i 1 tn t ordinary ti forces which w- , | and o his recommenda on, au , _ crcn c . t s CPR!‘ a are to ggnqucr u: “I; trttfigraggd 311,121,380.“ the ‘B3155 Lump‘ HAWKS M11111". 25°. 111811 111mg, E. M61411‘ mm, 3R5 granted to hiwe the plane 91115911”? 1° Prevent 111° 5991151118 111111111111 °°“51d°1'*'11_“_’“ P‘ me 11°‘ diplomatic agencies and facilities day threaten the very foundation of eleven minute bulb Nucker Irvine Goal hm’ 624' leave Mcncton at 8 a. m., this insur- °1 111111119 5111115 1119101111 by 111811‘ 111i- Sfrilcfivc forces miliiatmi; against are not Suitable m. the conduct o; cwmmtloxm to l; i hfe when he roster "NM-m Elmer.“ ing that l. full letter mail from 110111118 M I. further precaution to economic recovery, (e) would not be negommom which c“ best, b, cur- ndnlocepfend“ pe-dlmyfromegfllll eimled m“: Defense E" “mu” m “a m trainaduid ii iabroushtovor- In P1°v°111 111° "m" M 1°" "- l 91°11" "11 111°" m’ “"11"” ried on across the £81316 by specially HORSEWOMAN OOMFS r0 m! n; tum”, l’ l down ‘ um l". 601116 addition to insuring afull and reg- serves and thua undermining of people to further sacrifices unless manned repye5en(aflves_ Gm-EF n n ' a", Fred 111101188115“ -'" ular service the new arrangement, currency. These steps have again there were definite compensations. 4_ A5 t have pointed out, the _______

inc,‘ Ab?‘ defence 5-1:: hi, f? Ferguson 5111112‘ P‘ Mcaonml 99 134 u; which is orily for this week, will reduced consumption and dimin- It ls essential ‘in our national in- (uscuuuou o; debts 15 necessarily TAUNTON England, Du,‘ 1-,). no.

ee ou o score. e 0 Oliver " 143' 228 2 - _\_ . . _ ‘ . ' f ,.

him ~11 ww- w w MM ti“ Cm" Brtiiiwlii‘... "‘°"“° “y ¢§°“f‘..°.s$l?§...°‘o§§l°' ‘$125331’ Jifufiinfi 3.1T.“ Z: fifilfciililf°fii°ptufifiiiilfl ilfililifflfi.’ T. 11°. iiliiifiiloli. PPM“ ‘lam; Blffflifi. “$31111

fer off corner of the can it I11 Benton M°D°M1d Eaten‘ mm m m’ n " nf - M u“ 5w h H‘ \

“m” "9"" o6 l“ m order to save disappointment broken at some point if we are to ccmmittmenta before these econ- conference and the arma co er w” 5614mm}, jnjufgd in the hunf- f, t