n-i-msamli

k- .... sm-w-fq;

l I l

PAGE roUR

TIIE IIIIRIILIITTETIIWII GUARDIAN

Morning Daily (Founded I887!

Presldent Lieul. Col. W. Chester S. McLun Vice Presldem J. R. Burnett. F. J l.

Idllor and lllunaglng lllrectnr J. B. Burnett. i. .I. l Secretary Lieui. c‘... u. A. tmwlunnvu. D- S- 0-

, Associate Bursar i-iank Walker

SUBMJRIPTION RATES

$5.00 per year un advame; delivered Lo Clly $4.00 per year All auvancei mar-ed 1.0 l’. l. hand $5.00 per your un IIII\HDL.'GI maneu tu 1.808248 unu v.5 blcmbcrs nun-t uureau of Circulation:

“The sirﬁifgjZsiziliiéiiiZfy ls Weaker than the flea/rest Inkl’.

‘FRIDAX, MAY, M, 1938

‘Home To Roost

Dcfcnding the King Government's relief bill in the House of Llniiinons a few days ago, Hon. Norman lioqci-s, Blinister 0f Labour, declared there was 11o c-iuntry in the world that had solv- ed its uncmplriywiiciit problem; that criticism on this score was unfair, and that the Government was doing the best it could in the circumstances.

Everyone now admits, of course, that the de- pression which began in 1929 and still lingers af- tm’ more than eight years, was never an ex- clusively Canadian catastrophe. It was world- wide in origin mid sweep, and so remains in these latter stzigc- oi its incidence. .\lr. Rogers was putting up :1 straw man when he charged the (Xiposirion, inferentiallyr, with seeking to lay rc- sponsibilitv for this word-sweeping scourge at the door of the Canadian Government. No one is doing that today.

But, says the Qvdney Post-Record (Indepen- dcntl, is not that precisely what the members of the present Illinistry and its supporters did in the general election that was held less than three years ago? In the 1035 campaign the Bennett Cvﬂvcflllllvllf was assailed because of the depres- cion, its policies were pointed to as its causes. and its lvinlef‘ criticized for not having found jobs for .-1ll ivorkli-ss Canadians. Canada's trade and rew-uucs as in 103; were contrasted, even by such rcspon-riblc public speakers as Mr. King Hr. I.apointc, and .\lr. Rogers himself, with the corresponding records in 1028, I929 and I930, no reckoning or allowance being made for the economic cyclone which had swept the world during the five years of the Bennett Govern- ment's tcnure of office. It was one of the most unreasonable and unfair clcrlion campaigns ever ivagetl aqiinst a Canadian Government. It was an unashnmcrl nppcnl to national distress, a ruthless PXlililllflilflll of social wrelchedness. which no single Government in the world had produced, and which none, apparently, could cure.

deal more in parliament than Mr. A. E_ .\Iae- Lean dare say, whatever he may think. iv a w iv

er attention in the Senate this session than all the other senators with the exception of §ena- tor Leadrum McMeans. The Divorce Bill did it.

hands of the presentifederal Government. A delegation will g0 to Toronto to make it plain they think the real foe to the [Jominion and to their party’s cause ‘is Premier Hepburn. They do not like his ways and they intend to say so."

1

Travelling In Circles

Civilization travels in circles. A hundred years ago betting and ‘gambling were so pre- valent and ruinous that the British parliament of the day enacted legislation prohibiting it. Of course, “bootlegging” was unknown by (ha; name in those days, nevertheless the law was evaded, and gradually it has conic to pass that the evaders like the bootleggcrs are able :0 swing public opinion t0 a certain extent. \\'c have the Ontario legislature favouring swccp- stakes, and now in the British Parliament, Mr. Morrison, of Divorce Law fame. has introduced a measure legalizing gambling. Under his bill, cash bets would be sent by post to race course pari-mutuels. No unregistered person would be allowed t0 act as bookmaker. Certificates of eligibility would be issued to bookmakers by petty scssional courts. Then a registration fcc of five shillings ($1.25) would be paid. Herc arc some other points of the bill:—- A book-- maker guilty of an offence under the mcasurc or under the Street Betting Act of 1006 might be disqualified for five years. A bookmaker would not be able to conduct any other linsincs» Imprisonment up to two years 21nd fines muounl- ing to £1,000 ($5,000) would be imposed on of» fending bookmakers. In declaring the object of the bill was to "remedy abuses" and “limit the public inducements to betting" .\lr. llcrbcr: said :-— “Whereas it is estimated iloopooxxm a year is expended 011 betting. It is expedicnt that there be some regulation and if need be, taxa- tion, so that in some degree these practices nviy be diminished and kept within due bounds.”

I Editorial Notes I

Queen Alexandra Rose Day. n: i: n- n-

Columbus died this dato, I506. a- n: n- x

The Sun was a welcome visitor the last two days. a x n: i:

Senator Creelman MacArthur says a great Senator Hughes has attracted more newspap-

#181011!

mjruir CHARLOTTETOWN cimiznmiv

rungs av 1111a 1m

Good suggestion of Chester Wol- ters oerore the rcovvell Commission that. parents be Dcruutted w X11880 deductions on lnwrue taxes on oc- count of sons or uaulhiﬁfs Ill/WIMP mil lhnversxlcs on me same bum as ULIIBI‘ depeupenl. cnuureu. — Niagara Fall Review.

In Wazlrislan. where the time- honorcd bunlsnmem. .or a wife's mndelty is to cut off her nose, so many women lack noses than a wise tradesman m uanu not the Idea of importing artificial noses from an undertaking house Ln Enalancl and selling them .or $12 each to trjbai warriors who had regietled a hasty summation. He does a brisk busi- ness. but hopes wlslfully that. Brit.- isli nose-makers will izet around to lllﬂlilllﬂ brown ones soon. as a white nose on a. brown face is not becom-

Now thc major political parties have changed places, and the ruthless critics of the Bennett Cvovermncnt of 1035 have. become the King Gov- ernment of 193R. A clcar demonstration has been made to the whole country that this ad- ministration is in power on false pretenses, that

it has made no substantial contribution towards

coping with unemployment or speeding up the return to happier days. It is therefore not sur- prising that there is criticism, in and out of Par- liament. and t-hfn criticism carries the add- ed sting that poetic justice imparts,

The Most Noble Scots

An interesting COYYC>PUIIYICIICC on “Our (irczil- Qst Scotsmcn" has licr-u proceeding in thc columns 0f The $cnl~nu111. l\’:1lhcr rcmzlrkable lhzit two of tho qorrvspondcnts l1.'l\t; drmvn up lists of the outstanding iwt-lvc notzlbililics in which eleven out of tvzi-lvc are alike.

501111: uzinn-s nrc so outstnurling that they can- not be. r-vclipliwl 11.; for instant-c, john Knox, \\'illi;1u1 \\'.'ill;1c~, Robert llrurr, Robert Burns. Sir \\':1l.1cr Scott. lilllllW \\':1tt,'l‘lin111:1s (Yhtilmers. ]).'1\id Liviuqstoiiri, vlrunvs Young Fimpsou, and /\nrlr<-\v (':1r:1c:{ic: but Robert .\d:1n1. as zirchi-

tcct 1 john lluulcr, fonpilci- of scientific surgery:

Gmirgc lhi ‘i111 mu. in ‘('lll\l5ll'~lllli zuirl liwrnturc: Qunrricr, thc tiounilr-i- of homcs for flcslitulﬁ childrcti, all lmvt: clziitus to conic into lhc forc- most group

_\l'l(l in tlw» vicw of not a fcw llugh .\lillcr. Thqmji: Twliord, Rubi-rt Leighton, Robert flar- cl;1\'_.'1url lnirrl .\l.'u1~ficlil might Cl\lll('>l thi- riqlit: of some of tlu- o1h~r~ :1l1'c.'1rIv' nllnlcili

“p514 irplqf. pitll ~liltl"'l'\ would grl"‘"ll\' (‘Xlcllti thc li<t. in vli "l1 l-"wrl llziig \\'lllllll nnturnlh" rim] H hi, .. ‘llp- liq l. I)l\(\ (q...- to cxlclnl, but

birth hoax, a kidnapping and :1 fight for lll\ cuslodv, is (It-ad in Chicago. (Uiurt records. com-

Bccause the Pope did not find it convenient to stay in Rome when the Fuehrer visited there. the latter has struck back by refusing permission to German Catholics to attend the Eucharistic Congress in Budapest. Of such poor stuff is the “popular" hero made_

I I i l

An excerpt from Canada's Weekly (London, England) stated Sir Richard McBride, when Premier of British Columbia, was thc youngcst man to hold such an office in thc history of the Empire since Pitt. He was premier of that pro- vince at 32 years of age. Thc Ottawa journal points out that the late Rt. llon. Sir Louis Davies, Chief justice of Canada, ivas born in 1845, was leader of the Opposition in l'1‘i11cc lid- ward Island in 1872 and Premier in 1871i, that i<.

at 31 years of age. i! 1U i Ii

annual convention of the lilcnnsyilvania Dcmnl Society were told that soil erosion was imlirc-ri- Iy responsible for increased tooth decay among the American people. Plants growing on im- poverished soil. said Dr. Iircd .\lillcr, president of the society, were dcfiricnt in calcium, phi..- phorus and other minerals necessary for >\1llll<l tccth. lIc sziid that certain foods wcrc robbvd of additional ingrcrlients by modern refining processes. \\'hat was ncedcd was more built up soil and less (lcplctcd ]il'l1(‘('\<(‘<.

i ‘If >l< 1k

Rome children nrc born to troublc ;1~ the sparks fl_y-up\v:ird.s, For instance’. little Donald llorst. whose thrcc short years of lifc cncnmpzisscrl :1

piled during the struggle for his {wsscs-iou.

. . -1 1a _ \\ hat have our farmers and dentists to say mixllenli-iae delialiiidgii. mgﬁciimie. about this latest discovery? Delegates to thc Cllalrmlm 0‘ ll"? 100111 Cﬂmmlt-tec.

vcrv difficult to limit to :1 lmrr- rllilvll.

Recnncilers Needed

Tho “l~l¢|llll(‘l‘ .\liro:nl" \\l1|> u rote in the Last August. his rcnl mother 11nd hcr common- Fmmp, 11m 111011‘ “n. .1 Ill‘ll\[)(‘l‘l of .\lc.ssrs. Lc- law husband. John Regan, abducted the child lmgg {H111 ,\l<|ii:y'1-1- bciug scut to Toronto to ei- but stirrcntlcred him to thc policc the ncxt dnv. fect a “rccluicili:itioii hcuvccn llrimt- hlinirslcl‘ A court room drama. with mother love as it- King and l‘rcmir'r llcplnirii", must hrivc llild them, cnsucd. It curled when 1hr‘ bov was for- somr inkling of what was going on behind the mally adopted by his foster prircnts. Firs. I.fl\'1l1 sccncs. for hcrt: is 11-11111 .\lr. l-'_ C. .\Ic:1rs, rm old consented tczirfullv to thc action. flu, l-irirlav and valued journalistic fricud of thc Prime .\I1n- the youngster dictl after an operation for ap- ister irrotc on the smur- subjcct for the .\Iontrc;1l pendicms,

Gazette: “There arc pcoplc coming to this con- vention nho hclicvt‘ that Prcnncr lIcpburn 1s

yielded this bricf cut cvcntfnl biographv:— llc was hornc out of wedlock by .\lrs. l.ytli:1 Nclsou I.:1vin. By prenatal zirrnngcmcut hc was given to .\lr. and .\lrs_ fltto llorst llll(l(‘l' ci1'r1u11<t:1i1c~~ which mzulc him zipiiczir lvi lic thcir own sou.

m v 1v v Mr. I’. Michael (TRiIcv. Princcficlrl. out.

mil.

A doctor has been elected nlesl dent of Colombia. a small stale o south America.

itiey do 1100 seem m diaznose political lllS

Expositor.

lmnfuziutlon in 94 Laccus and Sovaks.

o1 all

nuns m. uomc. these people pos- f1.~ f.l;c.\ 111.4‘ ll..'3..lll.—wDOG-5IDCK aemmel- hkWICW.

lll the 1939 Easter parade as a Sllde fastener, while another. which lakes all the brawn of a six-foot lumberiack to lift. may eventually eniwine the throat of his daughter as ZLIBYOH scarf. No Ion er is the wood alone important. T y chem- 108.1 research and development put the emphasis on cellulose. Fifty ue-i" cent of spruce wood ts cellulose, and 11pm cellulose it. Ls estimaed that. 10,000 articles 1n everyday use are now being made-Port. Arthur News-Chronicle.

In the garden of a._ Llncnlnlhlre rectory a wren has built. within the ample folds o. a. cabbage which had been allowed to grow since .a.st Summer. The Wren has a certain eminence 1n the habit. of building quaint. 11851.5. par-fly for the reason that they build so manv more nests than other birds. The cock Is at nines DOKAPSSEd with an ecstactlc passion for running up a cheap house. I watched one. which sang furiously 1n the Intervals, make a plausible uome within two days. Like Most of these cock nests It was never luietl and never used; but the architect had tremendous joy in the making.

The Transport Minlster, Ilon. C. D. lloirc, has taken a million dol- lar ice-breaker away from the Hud- son Bay and replaced the slitp with 21 better one, for navigation there .11..» summer. Considering the cost. of the railway l0 Churchill, upkeep of all the faculties of the port, in- cutlinz elevators. and the job of making the ocean route fairly safe 101* a Lew weeks, wrheat ought. to be ivorth about a dollar a grain when .t is landed 1n Liverpool. Not cvrn Russia ran show a more cap- ncions blHlCIILIQ for public money than Canada does in the Hudson Bay vtnture.—SL. Catharines Stand- nrt.

Thv squlrrel is a rascal. a robber of turd.‘ nests and dues not. merit the protection that the game laws 01 Ontario tzlve mm, 1n the opinion o: several lenders who were speak- PIS at a YGLYIOHBI gathering of the rout-ration of Ontaizo Naturallst-s. Lirus 11nd snakes. the naturalists declare. were the friends of me conimi-vauoiiist 1n Ontario, and

uuzed the Federation of Ontario NnturalLsrs rhould make represen- mzicn to the Department. 1o make 2111 open season on squirrels, r35- tnyinz lo their destructive activi- l-lffidll (IGSLYOYIIIQ tree growth 5nd (lllvlnll ﬂW0y_ins/2ct-dest1oy1nz birds.

The blind faith which the British for _l.'.t‘ll<‘l'il_llf.lli have placed in their Dubnc o_ als to "muddle tnrcugh .'~.(1111(‘l10\V' has been llﬂll-lllgll shut- tried by the IBAlILE o the Air M1n_ islry 111.01‘ two rears 01 cJicentrac ted effort and regardless of cx-I b01150 lo match Germany's arcrat construction. The confusion m Parliament. debates has shown tli;t nobody has been able to point. a finger at lust what. 1s wrong, and an anxious public suspects that th: All" Mlmstrv is 1n a "jittery" condl- tion and afraid of cmnaking on any W» nrorzmm because 1t ls not cer- ta n Mint new turn its chief com- petitor is goinz: to take in 41,1 rlc: '11. The most lncrcstlng solu- tum offered is the formaticn of a 9' “(ll 0 Swill." compssxl 1.1

Medical men ap- pear to have the faculty of gettlng into Dllbllc lLfe m many lands yer.

able 1o any better Luau tnu 0.1101" l8l.0na.—DA'ﬂnLAOIQ

March included Th5 total was csceeued only by new-comets 111.111 the unueu States and nus- luuu. and COIbUDULGG i2 per cent oierseas enuzes .or me 1111111111. ln present wutlcal condi-

.~li)l\ 1-. curu uie Canadian cllnime .0 be more beneficial to

f

$15.95 a

<§_

Special Suit Values and

nd $17.95

Those values are extraordinary and will mean a saving of several dollars to you». Come in and see those new Suits.

MAY 2o. 1938 __X

MEN'S WEAR

HENDERSON & CUDMORE

PUBLIC FDRUM

Thll column ll open for the

I on by enrralpnndontl of I" n of lntcreﬂ. Tho Chur- lnrtatovrl Gnurdlnn doe: not ne- cessarily emlﬂrlc the onlnlnnu nl nnrrelnnndv-ts.

Financing Farmer

And Producer (Contributed)

SPRING TONIC NFEDED

Sb",- We "The Prisoners’ Aid Society" wLsh to know why the

'l‘\vl‘nl.\'~five years I80 I lol “l5 building recommended by the Gmnd (l(‘lll.llt‘(l for Lhe manulacture eltner Jury m Janu8ry_ hasn't been bum o1 lumber or paper. but. a 108 which 1n we

this spring goes bobbbng and spln- June w 111112 tlOWn the rabid-S 11ml’ turn uh Gqand J will hug m5; Jan

ard of Queen's County Jail. soon be here and artomer

ury . If they still thlnk this building 1s necemary I wonder lf 1t will be next January before we actually see 1t. erected. We need u. place to house “A ro- shop." and the Govemmexit have no right no dlsregard the re- Commendations of a Grand Jury. If they don't soon give 11.5 some help and encouragement, we are apt to go over on the other sde and can you blame us?. It, 5061715 too bad that every move- ment for the benefit of the oom- mnmlty should have to be fought for. Either the Government mem- bers need a rest- Say.

spnng tonic or a lch will It be? I am. Sir, etc. PRISONER!‘ All) THE SERIOUS PROBLEM or UNEMPLOYMENT

Sin-There are some phases of the unemployment question that. apparently are realized by but few of Charlottetowns leadlng citizens. According to official clvtc relief figures. about 600 famllles have been receiving financial assistance during the past winter months suffclent only to cover the cost of food and fitel. Having no Income. however, rants have had 1o remain unpaid while fey, if any. new clothes have been purchased. This means that, durlng the coming seven months, whlle no relief money will be distributed, month's rent and clothing wil have to be pald for tn acldl- tlon to the day to day food, fuel. et cetera. In the assisted families. there has been an average of three children. bringing the total of the B00 unemployed up to 3000 per- sons.

Now, for a famlly of five, $50 per month is regarded as the lowest possible sustaining f ure. and tn same must be ad ed the five months’ arrears of rent, and cloth- ing, bringing the necessary month- ly Income of each family up to at least $65.00 durlng the summer months.

If we multl ly 600 famllles by $65 and again y seven months. we have the large sum of 327300000 of actual wages required before another winter sets in.

The Government and City be- tween them are panning to ex- pend about $100,000, mainly lf not entirely to provide work, but of this sum at least $50000 will be spent in materials and overhead charges, leaving not more (and probably less) than $50,000 for svages. or abcut one fifth of the amount actrally needed. Of course other occupations such as building. painting, gardening, et cetcra, will assist. but not nearly sitflclently to make up the shortage, for 1t. must he rrmembered that much of thrse latter classes of work ls car- ed for by other famllles than those suppartcd by the City during the wint:r mcnths. So far then,a.s the rellcf faml1’€s are concerned, there is going to be a wage shortage this summer of cicse upon 8200.000 un- less the harbor improvements are started 1111011 nt once by the D0- muiion Government.

Another Important feature of this qu . .011 ls that the City nnd Province are straining themselves ta fnrl work fcr the unemployed,

1 burly leaders secretly to .ll1‘ Government 1n spccrikgl -:‘1nan1r.11.s. This woxH pr l. ital enemy frcm ls d- i1 ..:.1n the an .1.nio.sl .11 tlir l-lcuse of Cinmi is. .n:nr Lin: i: v.11: 0x12:- 121 z: . individuals a chance .01"

a‘l the unclenaklnzs being ln thcmsc ves neither necessary nor prniizclivc. True, the street paving and clﬁizr lmprovrments will bsau- t'f_y ‘he Clty, but they wl l all have ti be pa’d frr frvn bnrioncd can- ilal. npcn whlrlt "-1:- taxrnyfrs will ‘ called uﬁon to pay ndced ln-

S

m. mild to Orville Camp $80 as compensation for the horse. It. was County that broached fcr the loan of n team f horse-a l>v a divinity student. wfio hm“ wanted 1o nime his euecis. Camp- bcl. asked the

p —--—-— Over 2000 young people are 1m years ago a dlvlnlty gludgn), graduating annually from our "dvcrtcntlv calmed the dean uf schools and colleges, thereby add- ‘ Lust week the lng to the number of unemployed: . 110w a full-iledggu mlrifs- and so It. ls that each ycar the slt- ll 0f Ayrd untlon is aggravated.

Is 1t not. time that this wlide HR In Norfolk question be faced squarely. not so 98-01009“ W88 MJ- much b the Government who are

sell under our faulty political system, b demands of all kinds bring daly made upon them, but

whlie llvl

young student '0

trying to split tlu- fcdcrnl Lihcrzil party, and

that by thus dividing hc may rulc the federal roost.‘ llrmv IIPIPQZIH‘; ZIFC coming this week. it is kuouu, Ifor onc purpose and that is to hand a conccrtcrl rebuke tn the (lutnrio Liberal leaflet‘. Thcir hurt fcclings nntcdzitc thc last general

election in (lntririo wbcn Premier Hepburn pub-

Iiclv disrissociatcr! himself from King Liberalism. That did much lrirm, and finally so frightened thc offcndcr that he ‘kcvcrl’ nu 50S for the nlivc brunch. and lhc night lwflirl‘ balloting ll"! pence gr-dnrp crzmc from l‘rcmicr King. But this f'("-lII>ll<" tn mi vxcilcd npnctil for hclp was 5mm friffYliflﬂlL nnrl whcn llrvmicr llcpbtirn be- g-m b’: cur-lilo fm- n nnwcr rxvinrt liccucc fed- prnl li‘~~r:"s Hint-av he- again Iiccamc zihusive. H» yrW/I p. i""ll‘.'f‘" llu- ililprcssiml that he was

‘being ‘winged’ hv Premier King and President

Rm_<<~.-u_ Thpn (‘zimc his explosion before the Rouw-‘l lVi-uiiiissioii \\'l‘IC‘Y1 hr: made it fairly plain that hc didn't ivant the Dominion to even try to mks auv legislative or executive power. that capitalization must stop and that, particularly.

\

writes to the Globe and Mail as follows: “ﬁn page 5. column 3 of your issue of April 2; in large block letters: ‘Butter Drops Fight Cents’,

of New Zcaland and Australian buttcr and tho seasonal increase of Catiadinn butler output.

now appear to be? at 23c will not purchase quite as much as :1 pound of butter selling at 36c. will have to curtail his purchases and outlays. “hr-n- hc intended to iustzill llvdrn he will put it off for a ivhilc. Also. In‘ will nmkc his old suit of clothes do for another your. Ilis wife

will be fcwcr nv-il orders from the country for stores to fill. frcirvht for our railways lo handle. The banks will tighten un on their loans. Thr- farm ma- chinery companies will make fz-ivcr s"‘<~<_ and .1s

Association will have less work and a smallar

b: didtvt relish the idea of more power in the Mackenzie King’: policy has done for the famier.

income." And that is only part of what Mr.

due. of course, to the release of r. '0_ooo viunds The student, 1nd d 7” p u wrotle oﬂ“ﬁ,,e"lﬁ§§fl “ﬁe the worst features, for

ent. now minister, called at Will the final results be just as pleasant as thcv Mme l“ All“ “M “ma” hlm "0 A pound of butter selling full.

.. of 20 " $0 the farmer Rndovlc . was strolling toward the Kotor. m1 the Dalmatian littoral of

the ﬂn of a huze shark crulalng ln the near offing. Then, according to the story she later will do without a new dress or a new hat. 'l‘br~rc {frmlgglle-Qrllléedshgkthllfgﬁoa 13g wlth ruhaequetit writhing: almost There will bc loss express and wghfglaher 1"!‘ I" “n” ‘he ﬂed-

lead them to the very 590E. But. an nut-d fisherman dld not. leer. He gravely shook hit? hand andnrald: a result the breadwinncrs of the Housewives '1: lllillnvg gag’: lonlavelaapgeelfhuon‘ the shore and came to the fu 1v ten feet from the wnleghghem

shod. but the student. insisted on 1151112 the team at once. During the 1110111112 the unshod horse sll ped, fell. and received lntemal In urles rauslmz its death a few days later.

Cnmnbe was surprised when the then stud-

in bills, representing payment ln

A Yu oslav

vlllune of Ienetane. on the Gut’ o!

the Adriatic, when aha observed

repeated x at.

rrera were incredulous and leered at her when she offered to

B0 P1100.

h hkl dln bill. Ill ‘made a “ma? idnllwnuunun

w,“ “mu one of the horses was rather by those whose income de-

pends upon the prosperity of the sland and u on whose pocket. books Increase call; each year are bound to be made unless this crushing roblem of unemployed Ls solved wl out delay. Nor are these It looks as though we have about reached tho limit of our tax paying nblllty, and we all know w at that means when new llubllltles confront us. I am Slr, etc. n. Ir. s. Iinmmno.

ha! >4 .1. n‘ urll“

.. , ‘I 1v ‘

"h... vim‘

summary of the proposed chanleﬁ from the gold-confidence system to the gold and commodities system. appearing ln A. G. Street's recent- ly published book, “Land Everlast- Ingf’)

III

Flor illustration purposes we will suppose $l,000,000,000 as the normal credit fund but BTadunllY increas- ing through the accumulating of interest. payment. The bank raw when the Credit. Fund ls at. normal will be such n figure which In- duoesthe requisite amount. of cur- rency and ordinary certlficatm to be aibsonbed by the cormmuuty so that the price level remains stable.

when the price level tends w rise the bank rate will be increased to induce repaymeM of ordinary certi- ficates and thus reducing the Cre- dlt Fund.

On the contrary when the 911W level tmds to fall the bank rate will be reduced to induce greater demand for ordinary certificates and thus Increasinl the Credit Fund by the amounts of the certi- flcates and the interest. payment-s on them.

When the credit fund reaches 125% normal, further 111411188696 duﬂ to mterast payments will be paid monthly to the Federal Treasury for relief of taxation.

On the contrary when the credit fund be exhausted through repay- ment of all ordinary certlflcates the Bank of Canada will recall original certificates to the extent necessary to stem the rising price level-this Ls not likely to be necesary. , ,

The Bank of Canada. will ln- crease the currency issue and 1n- duce the borrowing of the Com- mercial Banks credit, in order to increase gradually the dollar price level by one per cent. per month, untll the prlce level of 30th June, I924 1s reached, as already explain- ed. It. is very apparent. that the control of the volume of currency does not imply the control of money. The currency Issue ls a small amount compared with the huge volume of Bank credit; and. ln order to be able to control the dollar prlce level, the Bank of Can- ada must. be able to control money 1n dollars whether ft ls ln the form of currency or Bank credit.

Orlglnal Credit Certificates

We much, therefore, take ade- quate steps to get control of the

keep It under the control of the Bank of Canada. Under the goId-plus-corzzfidence system our present. volume of wealth could not have been creat- ed without the credit expanding powers of the banks; therefore they must. not be penalized for the ex- lstlng volume of bank credit. But. the Bank of Canada must. gain con- trol, and, In order to affect this object, 1t. will issue free of charge to each credit institution certificates called orlglnal credit certificates to cover the amount. of the exlstlrig loans issued by each institution certified by its previous Balance Sheet.

‘These orlglnal credit certifies/tea will normally carry no interest, neither will they be negotiable, but.

to which they are Issued because they will always be recognized a legal cover for loans issued by that. bank up to the amount stated on them. For. after the passlng of the new law. every dollar, whether 1t be In the form of currency or credit, will be issued by the Bank of Canada. A credit institution, therefore. may only lend money 1n the form of Bank Credit If It. holds corresr" "dim cove-x ln the shape of these lgrlnnl credit. certificates, or In orﬂlnrrv credit certificates (as explained later) or ln currency. This registration of the exlstlng Credit. as original credit. certificates wlll enable the Bank of Canada. to control It, bo- cause 1t. will be a condition of tho Issue of these certificates that the Bank of Canada may call up any poirflon of them. The probability that. this might occur Ls very re- mote, but. the ability thus to con- trol the exlstlng volume of Bank credit renders the Bank of Can- ada's deﬂatlonary powers beyond all question. It. ts a practlcal cer- tainty that the tendency will be progressively the other way and the Bank of Canada will be called unon to Issue a continuous stream of dollar credit. ln order to finance a steadily growing prosperity and to do this, the Bank of Canada will issue ordlnny credit certi- flcal/es.

volume of Bunk

Ordinary Credit Certlflcnter

In order steadily w increase the dollar rlce level by 1% per month. ere must be an Increase tn the amount of money In dollars In the hands of persona Wllllnll to spend It. In n boom perlod. wlth our existing irold-plus-con-fldence system. this necessary Increase ln money ls engineered by the credit creating abilities of our banlrln

institutions: but by insisting m;

1n future they must. hol pondlng cover for all loans 1n the shape of ordinary credit certificates Issued by the Bunk of Canada the Commercial Bunlu loans are con- trolled. Mfwﬂ! may vlew

created In or-

(ThLs series of four articles Ls a l

existing volume of Bank credit and t

Mr. Tea Poll Says: For a Delicious Cup of F‘11ll Flavoured Tea Use BRA HMIN

Orange Pekoe Tea

MIGRAINE-ONI SIDED HEAD- AUHE-MAY BE DUE T0 STRAIN AND TENSENESS I write frequently about migraine -011e sided headacher- because thousands suffer with It and the only relief usuall obtained In by

going to bed for wo or three da

to a week by which time the a- tack passa. As the cause has been believed to be due overwork -—men-

tal and ph

the logical treatment. Perhaps the most. efficient treet- ment. that has been discovered ls that. of ergotamlnu tartrate, full. d0- talls of which were given by Dr. Meryl Usulllvan some months n10 in t e Journal of the American Medical Association. ‘The ergon- mlne tam-ate 1s given by Injec- tion into the muscles by a p11 c- lan or may be taken In table onn by mouth. Even when taken by mouth however the size of the dose should be as ordered by the ph s1- clan. the dose usually depen In: upon the severity of the attacks. This drug ts glven dlfferent names by the different drug manufactur-

ga-n State Medical society Journal. who, among other point-s. mention: the following:

l. Among the exciting causes of nugpstne are depressive emotions su

using the eyes lr. a bright light.

2. Being sensitive to certain foods-eggs, fat rlch foods, milk, cream, lcecream, wheat. and others. 3. Increased alkallnltv of the blood. These lndlvlduals often work so hard they starve themselves and often do not eat enough moat and

they will be of value to the Bank fLsh

4. spasm ls the blood vessels 1n the brain. In the o lnton of Dr. Rlle this s asm of he arteries of the In w lch of course prevents a proper supply of blood from reaching the brnln and removing Wines. ls responsible for many gala: sylrln toms ‘besides thel heado; . c as emporu 05s plight and speech. and alga dlzzl- ss.

‘These lndlvldunls who have this

mcnhwill tlonwhldr

lh-lln.

A THOROUGH EXAMINATION

with latent lolontlﬂo Innin-

vonr eve: without rtnln. Avoid the handlebar II

Irritation; of non light qw-

Knownrlnmcnni

G. F. Hutclieson

ﬂvothopucrtp- nllavnvoutoua

W month; lamb-ft. mid.

By a. river fl

Over golden sand:- Whence flow ye, water;

and!

ers but. druzzlsts know these no "w". names. whither w . Physlclans have found that o'er your m] and! migraine occurs 1n families and tn e go flowiniz lndlvldualsthwhg vgork lpard or do To the Sllent, Land. things n ar or “ ense" way. In other waists individuals of this And what In this fair red-m? need only an exclttrm cause to ﬁlaraln of zolnen and b n: on an at the t. darkness Borne further Of the llmt. .584-

_Jqmog HIOMQ

ABTHM ‘Znﬁﬁ

SMUT

One of u“ but rover-MI“ known for

FORMALIN

.4 cheap 1m than "i “j

u those Associated 1th . Jhnxlet , fear, uiizer. n» 1;: ﬁsucuggzrfaruﬁgg% a ue, aust an, loss o! sl , I , b‘ eyestruln, excessive use of the eeyeeg, rmvllm‘ “Tum “twill?”

ON GRAIN

Whenourdollarwasonagold basis what Dwpprtlon of the tots-l number of do] rs Doalniz as cur- rency and bank credit combined was really secured by actual gold? A very minute portlon Indeed. ‘Then why keep up such a chllddsh

m» II"! um 0rd"- Fnr ulc at

THE 2 MAGS

mural. ‘$122? 2.°"'.°..¥.l.‘l‘°‘»’.' 911'!“ causes the s asm of the bloodves- romptly. In order I0 "f" sens, and m in» migraine. gun properly ire-W l" ° ‘_—i*_‘"m W I‘ aowlng. ' u, . changes at a stable price level. ,,,,,‘}"f,,",',‘§m'f’ liillerqlvlreclﬁl

houetbe treks much used In full rults to mnlntcln d correa- plausible skirt outlne ln front. This

also alngle or double kick-pleats again In the back.

lhla creation oef credlt by the Bank v1.- 0 14'» wh te. ullk! tun nhlnltlnl llne The k r and dark mrf

of It a. dollars worth of goods and services and will need no false confidence to mivport. It.

The Cred“ Fund

The Bank of Canada will en- courage the application for ordln-' lry credit. certificates and will make any necessary expansion of flip cilirrerlicy so til-hat. the dolhlzr rce eve irrndu y gpprmc r llie 1924 flzure. The total that

(To Be Continued) A back ‘eat. ls one of the sil- the narrower!

BD-lllh system In neon In moduli.

_._,?__._.._..._ lﬂll-"léﬂilah slacks and short ah rt are In a pun n.

Short

010i!

der to enable the available supply of lvodlmd services to be ox-

nre dzfnlin llhlgh-rolod doll.

...._____._.___-__ Ute Hindi’! II bili-

Dretenc ? N1 t, fl of

the dollar lareedllfsywergebaaedper csllitolly D RUGSTORE “Don cont . Und sch

every dollar lifiii havgragurthe m or»: doom 5m‘

I WE BI

ihfwmmeaiiii “fr?” ricniouicivii’ hi: con uvsa on. BXTM“ reached will be cu ed the Norvnnl wmr c 05"": figure of the credit. fund. ~ cmAcoi. c0100

u 0rd 01m rrwl" ‘m M‘ Angus»

I I B 3 Special RX. 315

i! i! I OOMMEND