MAXIMS
gnmnnetIflllflHll-Iifldfl-I bittenauddwufedfrompaleeeto
hwll cunn- In can
p w“ \‘\\\\\ Read by verybody Covers Prince Edward Island Like the Dew
Faced. By Crave Financial Crisis Unable To Obtain Underwriters
To Float $8,000,000 Untax- able Loan —-Banks Refuse
Checks — Govt
Faces Deficit
Of Over Ninety Million.
(British United Preset
or. form-s, Nfid» my Bile-The government of Newfoundland faced yy a, grave financial crisis endeavor- “ wnight to ward o! default on miignal bonds. The most critical period of the present difficulty-due 1e failure to obtain underwriters for the Newfoundland eight million five percent untaxable loan appeared t0 be scheduled for tomorrow, when mks will reopen after the Victoria my holiday. Premier Sir Richard Squires and the finance ministry
were working dctermlnediy’ to avert
s more serious situatio , but there was considerable nervousness l- mong the public where it was gen- miilv believed that only the aid of the British Government could end The crisis.
The difficulty arose through fail- Ire to obtain underwriters in Canada. mglsnd and the United States. Bids were invited four weeks slo, but there were no respon s: unpre- cedented event in historyof New- ioundiands self govemment-
The closing of tenders for the loan on May 22 resulted in the send- ing oi notice to the Ministry of Fin- ance that no bankers had bid for the loan. The next morning the Bank oi Montreal declined to accept the Govemments checks. The first check was for the railway and dock laborers payroll amounting to more than $500. Later the Govemment‘s current account with the Bunk of Montreal, the ofliclol bank, was ov- erdrawn by about $1,250,000. Govern- ment checics were refused by the lrlde on Bsturday.
After s. conf between the Premier and the Minister of Finance, instructions were issued to the Gov- ernment departments to discontinue issuance of L ‘ until further not- ice. The result was an intensificat- ion of consternation among the pub- lic. The gravity of the situation flused considerable fear that the re-
ANNOUNCEMENTS. COMING EVENTS. MEETINGS ETCS.
"Reserve July the first for the Trvon Baptist Picnic. 4790-5-27-2i.
"St. Columbia/s Tea Party July Reserve the date. 4760-5-20-21.
“The Emerald Cheese Factory Will open on Monday, June let. d790-0-27-2l.
"The Hope River Dramatic Club Dissent the three act comedy drama, “cliltlln Beckett" in mosaic mu,
u. my 29th. 4107-5-21-81.
"St. Georges Dramatic Club will bnsent a four act drama, "rho Black Feather,” 8t. George's Hill. Fvdneeday ev , June 8rd.
4782-6-35-31
"Bee the three-act comedy "Leave lo Bus." in Control Chrlltinn hurch School Room, lkidoy, May "Hi8 D-m. Goodwecialtiee be- acts. 4821-5-27-81
"Notieeiollotcr League idem- bm: iimmonldnrsge, Cra hllbeansddedioour escrow
book was
opening of the Government ll Bank and other banks tomorrow would result in runs. The breathing spell afforded the Government to- day, however, permitted m opport- unity to cairn the fears of the pub- lic and to push on for the solution of the problem.
The most serious phase is that half of the yearly ‘interest of $2,337,000 due on the Government's bonus on June 30 had not been provided for. Default of this pcymmt appeared to be inevitable unless the British Government gives aid-which did not seem likely in the immediate future, although such aid might be forth- coming later.
The Government's eflortsrtowsrd g solution have been directed toward obtaining a icon of not less than 85. 000,000 ‘in Canada, England, or New York to meet pressing obligations. particularly those falling due at the end of June, when the fiscal your ends. At that time the deficit on the current account will be almost
lion on irnated revenue. The fell- ing customs revenue and s. decline in export trade added to the diffi- culty. The national debt totals $90,- 315,000 for a population of 265,000. British underwriters have not tak- en Newfoundland loans since the present Government took omce in November. I928. Reports of a. possib- le sale of Labrador were said to be without foundation. »
INDUCTION AT A I B E R TiI N
Rev. J. J. Fraser, D.D., T a k e s Pastoral Charge At Meeting of Presbytery.
The Presbytery of P. E. I. met in special session last evening in the
the induction of Rev. J. J. Fraser, D.D., into the pastoral charge of that congregation. Rev. Charles J. St. Clair Jeans, Summerside, presided,
and narrated the stops leading up to the call. Rev. Alex. Gibson. Mon- tague, preached the sermon. Rev. Thomas A. Rodger. Moderator of Presbytery innducted Dr. Fraser. Rev. R. Moorhead Dents I!" "i0 charge to the minister and Rev. R. H. Btavert addressed the 900910 of the congregation.
A lane congregation wu present and the service throughout was very dignified llld impressive.
Tl!El.TE aunuirr mom sr. IIIINSTANS
At the Commencement lunches of 6t. Dunstan‘: University this uter- noon the following students will rc- ccive their dllrele: -
Irederick Oil, 8510M Oroken, All-
I‘ President g I
three iilllififiid" about elflinwmll?
Presbyterian Church, Aiberton, for
wnornnrsmssa
nriirions ARE GRUWING mom: TENSE
Charge-S And_ Counter Charges Being Made BY Opposing News- papers of the Fascist
_ gébevt. And The Holy
(British United Press) 90MB. May ae-Reisticns bebwggn the Fascist '" 9, “d the
Parliament Takes Im-
3°13’ Bee grew more tense tonight "m! Opposing newspapers making themes and counter charges. Clhngx m8 130E110 DCWSPAQur ggggunt; of “WWW between Fascist and Catho- 110 Emu-pa. the newspaper Lavoro Fa. sci-rte. organ of the Fascist labor syn- dicnte, has made a broad attack on the Catholic labor union, Azlpng Cattaiica, and the Italian catholic Yvuvs Men's Association. The Vati. W1 City newspaper Osservatore on- man“ Yvpefliedly charged that Fa- scists have attacked members of Clthoiic organizations and the Fa_ M“ TIEWSPIPers have accused priests °f Publicly protesting the regime or Premier Benito Mussolini.
Miost comment on the controversy was to the effect that difficulties cellar“ °i1 the question of education (if the youth of the nation and the right of ycuthfirl catholics to form labor arouse. scrutiny of the press reveals s. day-by-day discord, g1. Ailmiih there was no comment on Munolinfs recent speech which mAny persons believed was provoca- tive, if it did not contain remarks which were slighting to the vgtlggn and the Pope.
Speaking in the Chamber of Dep- uties on May l0, the premier indicat- ed that the Italian world war disast- er at Caporetto was the result of the pews prvnlaandc pf rope Bene- dict XV and of Socialists. Further- more. many officials regard the Vati- can’s attempts to organize youthful
catholic labor groups as unwarranted. Secretary General Giuriata of theI Fascist party, speaking at the BcallI Theatre at Milan recently, waniedI the Azlone Catholics not to attempt l0 create catholic labor organizations
the Dominion authorities.
PRES.MAKES srmma PiEA run _u_mrv
National President I.
ing against the "insidious propag- anda" of Communism, n declaration that the time had come for action, and a plea that women of the Brit- ish Empire strengthen the common
AND BIIIIEAGIIE
outside of Fascism. He said such act- ion would not be tolerated. Immedi- ately thereafter the Pope, in a letter to Cardinal Bchueter. answering Giu- ristA claimed the right to give young people religions education. The letter however, was of g generally concilia- tory nature.
Plane ‘Crashes, Four Killed (Canadian Prue) CHICAGO, 111., May Bde-Pbur mm comprising the crew of the Chicago Dally News plane “Blue Streak" were killed todly when ‘the specially do- eigned leecuiplcne fell while at- tomotlns to est n. 1,000 kilometre
lpeedreccrdnou-thofGlenlllyrhlll. The deed: shirivy J. lbort, chief
u: iiguuirn
No Announcement As
i
District Governor
TRAINING IN BANANA
portant Step In The Direction of Re-est- ablrshment By Ap- propriation of $730,- Per Annum. (Canadian Press)
CYITAWA. Onto May w-Psrlia- ment took an important step in the direction of ire-establishing vocation- ll training in Canada, with the ap- proval of the {House of Commons to- day of a resolution appropriating the sum of $780,000 per annum, over a period of fifteen years for this pur- pose. A bill based on the resolution subsequently ‘received first reading.
to be made conditional upon agree- ment with the respective Provincial Governments.
An interesting
Payments from the appropriation are L u
the scope of the old grant of $10,- 000,000 for technical education had
been widened so as to include agri- Genn-an Genera] says World Conflict Com- ing — Communism and Fascism Seen As Objects of Attacks.
MUNICH, May 26.-A new world The nercentase of the Present sp- war, a “preventative" war is coming propriation which may be used for the" PWPNES Will be deiflrminld by course, warns General Erich Luden- the provinces in consultation with dong in this week's issue of his "Volkswarte." It will be preventative, he explains, because it null be de- signed to destroy Communism and Fascism before it is too late. France and her allies, Belgium, Czechoslovakia, Rumania. and Jugo- slavia will take the initiative and Germany will wiiJy-niily be the bat- tlefield over which the most horrible of all struggles must inevitably be fought out.
General Ludendorf! published a 90 page pamphlet in November. entit- led "World War Threatens" in which he set the date as May 1, 1932. De-
0, D, E, Addfgsses veiopments of the winter have con-
~ vinced him he was too optimistic. The Order Hah- "Intarverition" in Russia must be
undertaken immediately if at all. "France wants to ‘free’ the nations from soviet oppression. This sounds 1141,11“); y, s“ M” 15,,‘ Wu,” very inviting; u. little military par- ade to Moscow. But Russia is Uready strong. It is the strongest military power in Europe by virtue of its mas- ses. Intervention is too late: war a.- lone is possible and c. world war at .._____._.____..._ that," asserts the embittered old general, who however, for all his rabid ..__..______.__ hates has not lost his once famous military genius for clear sightedness. P R E M I E R l voided, he believes, if the capitalists A cease aiding the development of the Soviet collossus and simultaneously refuse to buy the products of slave labor. This possibility he dismisses as Utopian and turns to examine the development of the struggle. It is the generars hypothesis that Ger- many will assist the "horizontal" pow ere, meaning France and her allies. Although the Roich is powerless it ' can Mrleest place her- railways at To D a t e the disposal of Franco-Belgium arm- Made at HD0181 COII- les an route u» the east. But Mus. eolini will never tolerate the destruc- llenofhisallymallrhllnucewill make a forced march north in sn u} c/ttempt to out the trench lines thro Germany. Ibr- Mussolini oral electors of the Fourth Dish-lo wmghm“ m“ u, "on u m, "horisontar combine disposed of Con: munism they would tum their at- “mmflmmutentionloeliminctingllhlcismfrom MBGUIUUQOCQIHGWIGAIQINCIImQNQQHuOgmmpIQgPMNQQn- oral Ludendorif.
of ngmont m. led secretary. Ir. unwound and seconded by Alexand- er Rocha-lane, that Mr. Horace owl-mm w! Illr- wright be nominated m Assembly- moo. This wu curried unanimously.
cultural training. Provinces desiring to do so might make representations, looking to a. part of the appropria- tion being graniod them for Odllcg. tion of people for the farm. Another chance removes the limitation of twenty-five per cent for expenditure on school buildlnas. equipment, etc.
fax Meeting.
(Canadhn P1110)
Continued on page 0
vention.
Mn. aeolian J. sMrrn
‘ounoement fea-
tured the explanation of the resolu.
lion elven by Hon. Hugh Guthrie Minister of Justice, in the absence -
of Rt. Hon. R. B. Bennett, Primal
Minister. Mr. Guthrie stated that
Llfc is
NIH.
adventure rules and morality adven-
MAXIMS
OIL
MEREMAN
morality-life is adventure:
AndILll-HJO.
Annual lublcrlpffonn Delivered lb-U. U!
for the Rotary Conference of the
0d Wales College Hall
held.
themselves at home, and
impromptu functions.
Old Colony was brought to the Can-
am-l various pleasant drives taken. The tour included fox ranches, Par-
The parties all assembled at the beautiful farm home of “Viv” Dun- bar where afternoon tea. was served and a. general good time enjoyed by everybody.‘ In the evening a. similar functlorr“wss'"held'~at the home of
and coming before 1931 has run its
War against Russia could still be s-
Psst Governor "Waiter" Grant at Brighton where an equally delight-
thelr praise of the genial host and hostess in each instance.
ferry being filled to capacity on sev-
l-Isilfax and Mr. J. H. Norton of Moncton have long been identified with Rotary activities, the former be- ing a. Past Vice President of Rotary
lAibout 325 delegates from variousimternational and the latter is at cities in the lvuaritime Provinces andIpresent a. member of the Canadian Ncvirfoundland who arrived 1n the Advisory Board of Rotary Interna- City yesterday and the day preceding tional.
32nd District-registered at the Prince Governor of Rotary is highly pleased last evening with the arrangements that have where the first meeting of the oon- been made for the comfort and cou- ference, an informal get-together, was veniencc of the Delegates.
The Rotarians who arrived Mon- ed their work at the Prince of Wales day and yesterday quickly made College last night, and tea. was serv- enjoyed ed by of the local club, and themselves very frilly at the various an ‘informal evening was spent.
The Newfoundland dolegatm who morning at 9.30 when Lieutenant arrived Monday morning on the 55. Governor Dalton, Premier Lea, Mayor Sylvia. were met on the steamer by a Prowse and President H. L. Palmer reception committee. After the sing‘ will extend the official welcome, Ro- ing of the Newfoundland Anthem and tary Governor Geo. J. Smith will be O Canada, the delegation from the in the chair
adian National Hotel. In the after- ing the Conference are: Mr. H. M. noon parties were quickly organized Armstrong, Campbeilton, N. B.; Mr.
liament Building and the Golf Links. 8.; Mr. B. A. Bourgeois, Moncion, N.
at Woodstock, the delegation from About one hundred and fifty addit- that town has cancelled reservations, ional guests arrived by the l-iochel- as the members of the club there will cga and by car yesterday, the car not be able to attend the convention.
erai trips. By evening the three hun- business men of Newfoundland, the cred guess were all comfortably lo- Charlottetown Board of Trade ar- cated in the Canadian National, the ranged for l. drive to points of inter- Beach Grove Inn and the Queen Ho- est and afternoon tea or s "$086k" tels. at the "Stanhope Beach Inn" yester- The Newfoundland delegation is day but owing to the inolemency of headed by Sir John Bennett and the Charles Hunt, K. 0., botdi of whom held at the Candian National Hotel occupy very prmninent positions in Lounge, the life of St. Johnfs, the capital city. and admirably earring one by m“ m. Mr. Charles J. Bumhell, K. C., of tertainment Committee of the Board
Mr. George J. Smith, the District
The registrations committee finish-
The business sessions begin this
Among the club presidents attend-
George W. Brown, Fredericton, N. 3.; Mr. H. W. Roscoe, Kentviiie, N.
3.; Mr. Lorne McMillan, New Glas- gow, N. 5.; Mr. Harold Holey, St. Stephen-Midtown, N. 8.; Mr. N. A. Healer, Backville, N. 3.; Mr. Comte P. Hnmm, St. John, N. B.; Mr. Cyril
For District Conference
325 Rotarians From Various Clubs In Maritimes ‘And Newfoundland Register. Business Sessions Begin This Morning.
BUBGETIS EXPECTED THISIIEEK
OTTAWA, May 26.—-The Primd Minister still hopes he might be able to bring down the budget this week. but he will make a definite announce- ment within a day or two, he told the House of Commons in reply to I question by W. L. Mackenzie King, opposition leader.
There were a. few measures touch- ing departmental mattcrs which, in addition to what already appeared on the order paper, would be intro- duced es part of the government's legislative program.
With respect to the budget, Mr. Bennett said he hoped to make a definite anounccment later on, but it was his present intention‘ to law troduce ft tihis week.
C. Daley, 5t. John's Nfld., m. H. L. Daniel, Truro, N. 8.; Mr. Harry J. Wymim, Yannouth, N. S. The Pres-
ful time was enjoyed. Both these idents of the Halifax, Sydney, Wind- funotions were in the nature of a sur- sor and Woodstock Clubs have not prise and the visitors are high in arrived yet.
As 5 result of the destructive fire
‘As a. gesture of goodwill to the
weather, the function was
Arrangements were made
conssting of the President, lvfr. Geo. J. Tweedy, Mr. s. A. MacLeod and Mr. Harry C. Brown.
(Continued on Page i1
P. E. 1.
Annual
Plans for the construction of the new P. E. I. Hospital as expeditious- ly as possible were outlined by Mr. J. R. Paton, chairman oi the Bulld- ing Committee, at the annual meet- ing of the institutlzi held in 5t. Paul's Parish Hall last evening. An increased number of " ts treated in the Hospital, with on increased number of free patients, was report- ed by Mr. W. K. Rogers, chairman of the Board of Trustees, who pre- sided at the meeting. The report oi the 1030 campaign for the building fund was presented by Mr. W. F.~ Tidmarsh, and of the ms campaign by Hon. Dr. F. R. Hearts. The ro- port of the Ladies’ Aid was pree- ented by Mrs. Rowland Meikie.
The motion that Mr. W. K. Rog- ers and Mr. H. H. Horne, the retir- ing trustees be reappointed was un- animously Adopted. 1dr. Isuo Cu-
. Building Committee Is Proceed- ing With Projected New Hos- pital—Increase In Number Of Patients Treated.
Hospital Meeting
members, stating that the hospital could not afford to lose men of such sound Judgment. The motion was seconded by Mr. J. P. Gordon.
It was moved by Rev. Dr. Ram- sey and seconded by Mr. J. P. Gor- don that s vote of thanks be ex- ‘bended to the Medical staff. the nure ing staff, the ladies Aid. It was imoved by Mr- _S. A. McLeod and sec- onded by Dr. J. A. Clark that a vote of thanks be extended to the rector of St. Paul's for the use of the hall. The appointment rPston to the Thrsteo Board was con- firmed.
Continued on page 8 OTTAWA, Msy fd-Thc Sup- reme Court of Canada today gave judgment ' onsly dismissing the appeal of Ab ‘ steinberg
of Mt. Jlffltl
Crippled Childrerril Ben efiled A t Red Cross Clinics
Once again the wonderful work that the Rod Cross is doing has been demonstrated in the clinics for crip- pled children held in the past few days in Bummersid and Charlotte- town, conducted by the orthopedic specialist, Dr. T. B. Acker. of Hall- fax. This is Dr. Acker’s eleventh trip to the province in the interests of crippled children's work under the Rod Cross, and the number of child- ren whose disabilities have been cor< rected and improved, who have been
(Continued on page s)
17w Weather, Etc.‘ , q
iiusii . Mourr 4cm Lenora (new
__________._______ mnorrro. May zi-Mecersi,
southwest to west winds, mostly fall
with a little higher temperature.
Temperatures
Minimum Bl High tide this mornint at cs0 m4 tonight It 7.10. Sun eetl this evening at 7.30 ln( rises tomorrow morning at 4.24. Pull moon Sunday, May I1, l0‘
tor in making the motion spoke very lgllnst a conviction for murder. pdmummcreido tido uuierurmnnrmsecoemi- _ . - v A