PAGE EOUR

f: ciiiinionnuii

Chaawr a. IeLara. I. e. visc-rruisuo-QQI. arena’ narrvtary-J-laut. Col. ll. A. lnekllaam Il- ll- 0.

Idltor and Insuring Director-i. I. llrlfll Aacoclnta Editors-Incl Walla: all l). l. Cattle

(funneled Hi1) IBJI DI Yllr (ll llvalot) delivered.

President-W.

Icrclng Dally

iillTES BY TIIE YlAYi the eyes of the whole ‘ World are focussed on Great Brit- ain Just now, demonstrations by: unemployed in her cities are at- tracting a good deal of attention. But it must strike anyone who giv-

businese in the past few years. The

m Why And 11... Mercforq

(The Saturday Review)

Two factors are common to All‘ _ changed almost- u crest-lb

nixed that the conditions he" 101'

ocrossa 19.

06M on year (in advance) nailed in Canada u! Ullhi 100005

es thought to the situation, that in_

first is over-production of Goodszlcapital as for labour.

l

MONDAY, OCTOBER 19, 1931

. ' I’ ,_ t THESE ARE THE MEN zmrly do his m" °‘ “P” "m" three times the value of 1.1101“!- 5"‘

and-a-half times the value of lead. over eight times the value cf either silver or sinc, and for the first time in many years exceeded the value of coal produced.

At a time when other industries have been curtailed owing to the world depression, the progress made in the mineral industry of Canada is not only encouraging: it is Phen- omenal.

I At the present time especially it ls the duty of the public to patron- ize newspaper advertisers. These public spirited business men are doing their best to reduce prices and to keep the public informed of the fact. There is no “dog in the manger" policy with them; they invite and welcome everyone to come, see and buy at the prices they are not afraid to advertise. By the advertising columns of the Guardian it will be easy to see who are the men of initiative, resource and progress who are doing their utmost to keep the old flag flying and make the farmer's dollar go the farthest. Patronize advertisers in the Guardian and help the good cause of rc-establishing equilibrium. By their ads shall ye know them.

NOT ANTI-BRITISH

Some newspapers continue to condemn the action of the Govern- ment of Canada in regard to cus- toms duties on British imports as

affected by the depreciation of the pound sterling as anti-British. As a matter of fact it is not anti- Brltish, though it is in the interest of Canada. This Dominion has for thirty years been giving a prefer- ence to British goods while Canad- ian products have received no pre- ferencelin the British market. The question was brought up by Pre- micr Bennett at the Imperial Con- ference held in London a year ago. Mr. Bennett urged s. policy of mut- ual preferential trade within the Empire, but the Imperial Govern- ment of that time gave no sign of favorable wnsideratlon. Now that the depreciation of the pound sterling gives British products a.

THOMAS A. EDISON

The world has lost one of its out- standing figures in the person of Thomas Alva. Edison. whose death ls reported elsewhere in today's Guardian. The namc of Edison is practically synomymcus with the inventive genius of the age in which JWe live. His individual contribu- ‘tions to electrical and mechanical progress were so numerous and so far reaching in their importance that many pages of biography

think everything wrongly conceived. We must at least credit our nation- al authorities

earnestness in for the pressing problems. Nothing

tlons can be righted. that, this is realized by the heads of Govem- ments, and that everywhere, eluding Canada, they are ‘accept- ing tho task as an immediate dirt)‘- To fail would seal their political fate. Knowledge of these things should‘ help to inspire confidence. we “o justified 1n looking for tiara-this it can be alternated with brighter signs. Commenting on the- above the Sydney Post says: This 0011108 wcustomed m pom; 30 tinct from natural or physical is the essence of common sense and

the ‘” ‘ kind are handled with fewer casu- alties than in America. Even in Canada c, small miners’ riot at Es- tevan, Saskatchewan, more bloodshed than is reported of all the disturbances in London, alas- gow and Salford put together.

An exchang says: The present generation should not take things so much to heart. With Canadian money doubted by the U. s, it may be well to recall that their elders remember the time that American money was only accepted at‘ 50 cent on the dollar in Canada. The writer recalls that 9,5 a boy he never knew of an American quart- er being accepted for more than 20 cents in his home town. The circumstance that the U. S. has 60 per cent., of the worlds gold supply will serve as a bumper when the turn of events attacks the U. S. dollar. We all get our bumips sooner or later., _

“We may not all agree on the

details of stepstaken, says the Liberal Toronto Globe, we may

with sincerity and seeking solutions

is more certain than that condi-

in-

‘ disturbances of this»

the second is the Rise and Fall of thg ‘Ngw, as distinct H0111 “l! Old Capitalism. 0i these the first is primary, and the second merely consequential. .

As to the first, it is a. common- place that man's power over Nature has increased so rapidly th/at the out]; now produces more goods than its human population can consume. Some portion of this re- sultant surplus can indeed be de- bited to maldistrlbution, and may

BpI-ullflchmlb.

ORGANS HELP ONE ANJTIIEB

I often speak about the heart “l-eservc,’ that power the heart has ‘to withstand long or severe illnesses such as typhoid fever, pneumonia or appendicitis. _Afewyearsagoaresearchphy- sician using the heart muscle of an {animal and extracting some Juice lfrom it. found that if this Juice were injected into another animal it

cordingly he thought that the heart excess ‘>1 ‘°°‘1- _ llrmveil mus; be “momma ma; transport, accommodation, and‘ was actually in the wall; o; mo shopping facilities cannot in fact‘ heart, be so described. Itlsriot simply that, However o “one 1M,“ “mo” m. demand is often ineffective throu8h| search physician ilsed. the iliioe 61- “ck M pmchaslng power: it is, lumped from other or-gooogom tho actually that men cannot eat all, heart, and found that it had n00 the l°°d the 5°“ Plmllcos. cannot‘ |5amo ego“ m ogmngghooun‘ mo wear all the suits and shirts that ma", be“, as old mo “no, "om the factories make, and cannot fill. the hem-t, “solo, all the trains and ships and lorries A [ow you-o ago 131-5, Mo“ om and cars that are operated. The Morphy discovered mo; row m,“ world is choked with its own pro’ would bond up worn o“; blood cor. duce, and civilization stands‘ puscles; and they were thus able to bremlless “L "5 “m success- gwe me world o on“ (or u“; (or. The first result of Over-produc- merly incurable ailment-pernicious tion is increased unemployment.‘ anaemia. Later it was found that an The °1d “e ‘brawn m" M 1°b5u extract of liver would also cure 00d the you“: vsllmt sei- W000‘, pemmious anaemm The classic theory, that machinery, Now i; has been gound that o creates more employment in the substance obmmed 1mm the 5mm. end than it displaces, was true a‘ ach walls oian animaLand prepared hlmdied Yea“ as“ It 53 mnphllu‘ m the form o; o powder, L; Just o; cally not true to-day. But at the eflecflve m curing pol-mom“ on. moment we are not concerned with acmia as liver or liver extract. Dr. 15ml"- blll ‘$371 “Pim- E. Schultz, Berlin, tells Us that while the powder sometimes dis- hubs me patient at m5o__n§“e“_ tal. Here we must define our terms

ness, intestinal disorders, constipa- 111°"? dwell’- Financial or artificial capital “we; gradually and the patient ob (which is relatively fluid) as dis-

grams o; the powder bang equal w capital (which is relatively fixed) is

therefore properly be described asf

would strengthen its heart beat. Ac- "Hder-wn-lllmlmml- 3"“ W’ “W, manufactures, '

The second result of Over-pro- (lends l" 1110010055 01' health. but: duction is the destruction of Capi- n09 l" Pmms cfllclllabh by’ bmkm-l

withthsbaltintneincrelseo! gpcpulation there has been no net- ‘ural increase in conseumption o! zthe staples of life. To some 6!- ‘tent this check in the mwth or ‘normal consunifi: has been coll- ;ccaled by new inventions, which fhsve created new wafits and made jfor new sociaihabits and a risinl istandard of livlne. But in the ml!- Iter of luxuries, as of necessities. jproduction has steadily overtaken lconsumption, with the result that there is now a lllrllllls of boll! "l0 staples and accessories of civili- zntion. '

‘Two results necessarily follow.

in the first place, applied sciencc has made production cheaper; and this means, generally speaking. that less capital rather than more is required to yield ,9. given result than before. (The fact that capital ‘s often used to fight other capital in' competition for markets tend is obscure this basic position, but. broadly speaking, this deduction cannot be successfully challenged.)

In the second place, capital has often been applied, not for contin- uously reproductive or financially profitable purposes, but for ends which may be socially attractive rather than strictly economic. BY way of illustration we may cite ex- penditure on universal education, which resembles a. water-pot used at random in a garden already overstocked with seeds and weeds; and expenditure on luxury and re- creation, which may produce divi-

or death strike you.

protection.

for information.

THE

In these and many other casdi, the rising standard of living rep- resents a dissipation of financial capital accumulated in the past. rather than a thrifty use of capital to produce financial results in the

.12.: US d’... 0/’ ti... who. -' (When you Must iiie $.61!

Banish now those worries about who will lift the mortgage on your home, should sickness

DOMINION LIFE

ASSURANCE COMPANY

nun onic‘: -

might be filled in enumerating,

them He w” resumed. deservedly. got Canada has decided that this as a wizard in his chosen field of fcmxwt’ apply u’ lmpm-ts mm ca!“ ada, at. least so long as the products of this country have no preference

inquiry. As early as 1878 he was made a. chevalier of the legion

further preference the Government

ordered thinking. Politically the'25°lll'01'll50“l‘°5h1l\'¢l- Globe is a hard-hitting opponent of the Bennett Government, but it realms that ch15 15 no time (or; the same work as the liver in build- pony poyomioo m point o; 1m‘ ing up the blood. and that the juice the Dougie-gm who mes u, comm-‘ made fromthe walls of other organs 11w on ooonomlo orgsis for party can stimulate the hear-t muscle, the

As we think of these things, that actual or anticipated; the stomach wall can be used to do the" l‘ m Pwmi the"? l5 I10 0001' tai. Both forms of capital can be the emmmlst u? l8 511119157 the 9X- either accumulated or spent; whereas physical capital is in effect his °n 0T1 object which, whether i

simply the result of financial profit, fulvre- What the morcllits maysay

where 3001"? lllXllry or sp0rts is no con- cern of ours in this connection; to

I01‘

bu; penditure of a past financial surp-

ndestructibie by ordinary human good or evil. is not productive of

Z

"saws... w‘; u n»:

so"

when exported to Britain over those of Russia and other countries in which’ wages and living conditions m“ and‘ he remained unspoued by are on a lower plane. Now in the engrossed in ms work, British elections one of the ques- hours he spent m itions to be decided is that of mut- ual preferential trade within the Empire and should the party fav- orable to such a policy succeed and Canada will be glad to meet repre-

of Honour by the French govern- ment, and many subsequent hon-

ours were bestowed upon him. To

success, gnldging the rhcp, so keen was his, interest in the problems which lay still before him.

Edison was a. practical man.

profit can only succeed in bring- ing publlc resentment on his own head. Abstention from party war- fare tili Canada is again rising tc- 03°11 0P8“! 500m l0 hell! Ill the ward the crest of prosperity is de- sirable in the interest of all,’

it was in the field of prac- tical affairs that he was BT00? The publicity given to him in his later years as a. 558a philosopher was somewhat fortunate, for he was neither the one nor the other. His genius lay in a different direction, and it was well for the world that his pro- ductive years were spent in follow- ing the inspiration of his genius. No list, however exclusive, of the great men of the age would be complete without Edison's name. It 5g not the greatest on the scroll. but it perhaps represents more of practical usefulness to humanity- Thst may well stand as his epitaph, and it is one which Time will not efface.

There is no sentiment in trade, which must be mutually advantag- eous if it is to be continued per- manently and on a satisfactory asls.

and un-

SAVED THE INDUSTRY

Dyed-in-the-wool opponents of any form of protection in Great Britain are finding difliculty in explaining the latest figures relat- ing to film production in that country. In 1921, when the quota legislation was passed, according to the Saturday Review the native industry was almost literally at its last gasp; today its output is ex- cecded only by that of the United States, and Elstree has become Hollywood's most serious rival. But that is not all; of the hundred and sixty full-length pictures scheduled for production during the next twelve months, at least a fifth will be made in England by American companies. Here, as in the case of the McKenna duties on motor-cars, the foreigner has found himself obliged to give employment to Eng- lish men and women in their own country. It is scarcely necease y to point out that Canada has had the same experience in the automobile and other industries under the Bennett tariffs.

INCREASING OUTPUT

The recent course of the mineral industry in Canada emphasizes its firmly established position and its ability to withstand periods of ex- ceptional depression. In the light of these considerations the mineral industry of the Dominion, says an official report for the first half of the current year. may be regarded as showing remarkable strength. Production cf metals, fuels and non - metals totalled $05,689,288. against $116,380,409 during the first half of i930, a decrease of 17.8 per cent. Gold, which the Dominion is p. ducing in ever-increasing quan- tities, recorded increased produc- tion, while at the same time pros- pecting for new properties and de- velopment of promising showings met with much support.

During the first half of 103i, gold production amounted to 1,273,303 fine ounces, valued at $20,321,508. compared with 076,235 fine ounces worth $20,180,568 during the first ex months of i030. In the latter period the value of copper produced was greater than that of any other metal. but during the same period ‘f i031 the value d gold output was

EDITORIA L NOTES

"l-le is my kind of a bird," said Mflyor Walker of New York after meeting Premier Bennett last week in that city. The Mayor was im. pressed by the courage and straightforwardneas of Canada's Prime Minister and expressed his approval in a manner characteris. tic of our American neighbors whgn roused to enthusiasm. If a reply in kind is pennissible, we might congratulate his Worship upon having said "e mouthful."

to the Union Jack to have it car-

ried by a. company of men who dig

not respect it.

Another inhuman dflpoplflflllh case has shocked the public con- Mlellw lll B BlBBt Canadian com- munity. The Winnipeg ‘rribune editorially records the details as follows:

“Two years ago two automobiles collided 8t a quiet street intersec- 9100 lll wlllnlllek- One of the cars rolled up on the sidewalk, where it struck a young woman, Her- back was broken. After some months in the o General Hospital she was transferred to a nursing home where she is still confined. Friends on her behalf took action against the drivers responsible for the accident. The Judge commented on their gross negligence, deplored the fact that compulsory liability in- surance was not in force in this PPOVlIlCB. arid nurses damage of $5.000 and costs. Not one cent of the Judgment has ever been paid. Now the authorities in their wis- dom have decided that, since Che young woman is a public charge, she shall be deported. That decis- ion is a disgrace to Canada.“

General Smnis, whose right to estimate the risk and horror of war none will deny, spoke at Sheffield University and ipld the British people that armed peace had led w the World War and would lead to another war, more horrible than the imagination of man could con- ceive, unless a real measure of dis- armament puts an end to the ex- isting armed peace. '

General Bmuts does not regard it as a. matter of life and death to achieve spectsoula success at the forthcoming Disarmament Confer- ence at Geneva. What is of more importance. in his opinion, is that there should be a definite halt td further armaments and a definite

posed to replace that of progressive growth.

The Cairo Sphinx says: Egyptians who tried hardiowring some words or gesture of sympathy for the Wald out of Gandhi were bitterly disap- pcinud; they found him in be

unexpectedly in favour oi the Brit- ish nnpire. They are convinced thst Gandhi is t0 be one more

same as that from the wall of the heart. it makes us realize how won- 1°11“ m" ‘lnlllclfll capital i5 '1 deriully efficient Nature is in having easily destrumble-

other organs.

it should make us all try to take a ___ more intelligent interest in our Deputation asked Mayor Davlson Wales- of Calgary to see to it that proceg. sions of communists in that city carried the Union Jack. His Won’ ship shook his head and said he sentatives fromlall parts of the would not do any such thing. He Empire half way or e. little better. W05 certain it would be an irlsuli

gggndoy-do o; gymo, we are apt u, further financial profits,

The “Good Old Times”

(Exchange) it is recalled that more than

The reason that we forgot this is

illllllle. During the greater part of

the nineteenth century financial

¢Bl>ltal was. in the "majority of

cases, actual; that, is w guy, p; was

the result of definite profits which, were re-invested in the same or 1m.

other business in a period when that time‘ m5 subject w“ "The ooouyauon was rapidly gwwlng, Present Time," and he said:

and there was consequently 3, mm. "The FY0501"? Time. Yollnsest- mo} incl-ease o; consumption andibom of Eternity, child and heir of c, regdy-mgde gold for the m“ i all the Past Times, with their good

INDIAN SUMMER

in sooth.

soft-laid palm

The old gray year is near his term And now with backward eye and

Awakens to a golden dream o!

ploynjgni; both o; additional labomfland evil, and parent of all the and additional capital at a further mwm- l! 0V0!‘ B "New Era" to the profit. "linking man: and comes with 1t come to be tacitly assumedmew questions and significance, that trade would continue to mow however commonplace it look: to indefinitely. and that labour uhe|““°“’ "t" “i” “h” ‘i W‘ ‘l’ d0 capital would continue to find em. ‘is even the sum of knowledge for ployment; and th's aSSilmptiQn was = all of us. This new Day, sen‘. us made because it was sufficiently in ‘ °ul 0! Heaven, this also has i‘s

‘ .»...yl\..

eighty years ago, or on the 1st of’ wunurm“ Woman,’ 1850. Thomas Curly], semblance of these. 'I‘his is true wrote cf conditions in the world at or “u “mes and days’

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For only a slight addition to your present interest rate, you can secure this essential

Any Dominion Life‘ man will gladly go into details with you. Or send in the coupon below,

I-l Nll

u WATIILOO. ONTARIO

Dominion Life Aasce. Co} Waterloo, Ont. Dept. 1'!

Please send details 05,1 your Mortgage Policy.

Ain-

r/ . J. A. MacKENZIE, C. L. U.

PROVINCIAL MANAGEIL- PRINCE EDWARD ISLAND

BANK OF NOVA SCOTIA BLDG-CHARLOTTETOWN

may still call misinterpretation of ‘he Tme that now is; disloyalty to its real meanings and monitions, dsrcgard of these, stupid adherence active or passive to the and ma» 'current