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PAGE FOUR

fir BHARLOTTETOWN iiuuinuii

?I35l\i('|ll --\\'. Vhvsti-r S. sic-Lure, hi. l‘. S.

dunking ii

i. it ii-ltrank \\'iilk»r and D. K. Currie

"_"_\',',,;,','I;,‘,_F1fn v diam-ii i857) $5.00 5154i per year (in n1

l \\'|llnii|.:lil\_i‘ Tower

Morning

To look deep within printed pages. to catch there the reactions of nlhem to problems and to clrcumstane . to find reported there the ‘TNLSUIT mini-ii from life by human beings of all times and 0f all places-

thls to Likc ilaily trails through time

|»[;|r_\'-ili0\ll.-Cl)i. ll. A. hiacKinviou, l). S. 0 l \l

ivnnce) mailed in Canada and United States.

im JtTISING REPRESENTATIVE! .s ‘l‘lir- Bcrkwith Sliecinl Anne: lnv- "d it,\_ ileiicril Motors Building Detrolt_ interstate Bu -

um; |i|“illl l'iiillrling.Atla_utii; , r\_ (15th Strong Philadelphia,

Vleo-Presldeiit-J. R. Burnett iri-ctor-J. ll. Burnett I

per year (in advance) delivered.

New York Central

Trust:

liiiilillng_ (‘hit-ago: Syndicate San

lilouadnock Building,

Maxim

and through space.

FRIDAY, OCTOBER- T, 1982

PAGE MR. LEA

Our local contemporary is ap-

pzirently unable to explain Why the 5mm“ °°n°°'m'

Lcu Government failed to reduce its oicrdrult byiiloating bond is- sues in the curly months of 1931 at the then prevailing rate of 4": per cent. which would have saved the addrionzil interest, charged and i iwuipoiiiitieii ipizirterly‘ by the bank and prevented the necessity, which subsequently nros“, of negotiating luinrls on u. less favorable market.

(Tnnirliisivc ciidcncc has been given

0i the opportunity confronting the

Ieti Government zit the time, us

well as of the urgency of the situ- later developed by reason oi the overdraft having been ncglcctcd by Mr. Lea. That ls ‘the point in which the taxpayers interested. They are seeking light and not heat.

Moreover, they are capable of following editorial discussion with- out the aid oi black capital letters iind double column type. Such alicthods are doubtless indispensable 1n the kindergarten, but add noth- ing to the force of statements ad- dressed to educated adults. If our contemporary has any coherent. ex- planation to make it can do so with perfect assurance that its ‘renders’ understanding will be equal f0 tile task 0i’ appreciating ‘the incoming unassisted by such devices..

» : A IjIBEirALlAlRT-icl’

Slion which

As announced in yesterday's des- fpflClWS from Ottawa, the report of in: Duff C0illflli'\'5lOll on Transport- efiozi will be tabled in Parliament ‘ early next wcck. A. summary of this

rtfpcvrt has already appeared in the press, and it is evident from this summary, and from the emphasis placed on the need oi drastic econ- omies in railway management, that the financial situation Qt the cam ndzan National system has been any- 1h ng but satisfactory, The amount (‘if money involved is simply stag- pgering for a country with a pop- iliation of ten million people. Here, lltrm a contemporary exchange, are ridic- figures:

lgjontrllyutlon by Do- _ mnion treasury in t Canadian National ,' Railways to (into . Cnzincilan National ltmlwny bonds

, guaranteed by Do- . Tllllllttfl

$360,000,000

1280000000

hurl: c r: n, debt . s2.s40.oo0.00o

_:'(i‘.ll‘l‘.'l.'l"[‘ti C. N, R, '_ debt w,» mid, u! I noon‘. . . . . ..

$103

, Dmcct cash cu uiy from the Can- dtlsm tr<~n.-ur;.~ to ilaic, including investmvzzi in zovcnzmcnt. railways, subsidies, direct loans, deficits, and sundry other pliymrnts on behalf oi’ til" Firtcni, axgrr-rzaio the immense suni oi 0W2!‘ one i211 thym- funds-ed and sixty mzllion doling irron which not one dolar by way

lion,

o: zntt rt-st rctum has been received by ‘ till‘ Dvihiiiiliii. ’l'liis investment, is Iifiznrdvtl as n. "fiend" afstrt upon TWill/Sil no Cil-‘il rcLurn will ever be igrlicvivtl. Should the capital cap- iinlzziizitin of the sis-um be cut :d’1\\'fl, as has been frequently sug- izz-stcd, any rntonnl reduction could but possibly be ltss than the amount ‘bi this vat original investment ivvihch has no nct earning power svrhaccver and which the Dominion iprovided partly from its revenues kind partly by public borrowing itupvn which it paysmnnuul inter- {tstsg ;' In addition n, tlic ibilxnl tlirce hundred dollars, the

above one

Ennllion

red millions upon which the an- nual interest must also be Pflid i! the system is to continue as a

The aggregate C. N. R. debt ex-

ceeds the cost of the Great War to Canada and. whereas the 10111191‘ was financed by Victory Loans sub- scribed by the people oi Canada and held by her own citizens, many hundreds oi millions of the guaran- teed securitles oi the Canadian NB- tiorlal Railways are held by Ameri-

can invest/sis and are ‘payable as to principal and interest in New York, that. is to say in gold. ‘These payments in New York funds con- stitute Canadirs main exchange problem and account for a large part of the discount on the Can- adian dollar. In addition to rnakini; these intense payments there re- mains to be met annually deficits and outlays for “cspitaP expendit- ures from which no additional earn- ing power is derived.

The point chiefly to be noted is that; the Canadian public were not made aware of the huge expendit- ures financed upon the credit of the Dominion during the past ten years. The annual budget state- ments of the Ministers of Finance in the years prior to 1931 disclosed only the directJiablJities oi the Dominion and failed to feature at the same time the‘ immense in- creases ln its guaranteed liabilities. Canada's Liberal, government dur- ing the Mackenzie King regime claimed that. it was continually re- ducing the national debt. Instead oi this, the real debt oi Canada actual- ly increased during their tenure of office by hundreds oi millions of dollars through the issue oi Can- adian National Railway securities bearing the guarantee of the Do- minion. Proceeds oi the sale oi these securities were lavishly ex- pended for the construction or ac- quisition oi new lines, terminals, rolling stock, etc, in obedience, in only too many instances, to the "political and community" pressure referred to by the Duff C mlssi In in the report which it has pres- ented to the Government. Due to this orgy of extravagance it: is estimated that for the current fiscal year the present Government will have to provide no less than seventy million dollars to meet in- terest payments upon guaranteed securities and ao-called capital ex- penditures upon the Canadian Na- tional Raiiway system. ‘rhis means seven dollars per head for every man woman and child in Canada. And it is politicians responsible ior this problem who are today pos- ing as critics of the economies in- troduced in C. N. IR. monageme it under the Bennett administration.

EDITORIAL NOTES

In seven months Canadians have purchased life insurance to the o- mount, of $281,372,000 which to say the least is a. very substantial vol- ume oi business. It, is an achieve- ment, notes the Monetary Times, which is doubly gratiiyins. Not only does it reflect. appreciation oi the value oi life insurance which has come to be regarded as a matter of necessity ior the average person in this country but. it also represents the large buying power oi the Can- adian public.

According to Mir. Mackenzie King, the Liberal, Progressive and lnde- pendent groups have much in com-

but ultimately it ls men ivlio pro-

IIOTES BY TllE WAY

Trade is not done between gov- ernments, says The Spectator, Gov- ernments can help or hinder trade,

duce. manufacture, sell, buy and consume; just as, in a detail oi trad- ing, it is that important person, the bagman, not the Consul, whose bus- iness it is to get orders. We must not sit down and wait for Ottawa to make trade. It will not . . . Our manufacturers and traders must not wait upon the action oi Govern- ments li trade is to revive. Let them be stirred again by the smell oi the battle afar oil’ and arouse again the spirit oi their enterprise. Taking gladly what advantage they can from Ottawa let their reliance be upon themselves again,

How the United Slntcs can maln- tain the doctrine laid down in the recent and reiterated declarations oi Secretray Stimson, and not come in- to ultimate collision with Japan up- on the Manchurian rssue, it is hard to see. How Japan can much long- er keep her mcnilwrship in the League of Nations is equally an un- answerable question which rises to threaten the» [mace oi the world. Japan, with the immense problem of maintaining ii(‘l‘ seventy millions upon a territory economically in- adequate to their support, has chos- en a. course which means either her domination of China or iiicnlculzible conflict. PM" chooses lri go licr .wn way alone.

Mayor Joseph V. lllclii-z- of New York apparently docs not regard the city's debts as any bragging matter. He has issued strict lnstruc~ tions to all municipal departments to cut their estimates twenty per cent, and hopes to save almost a quarter on the controllable port of the budget excluding the debt scr- vlce. This twenty per cent represents. a. remarkable target at which the budget reformers may shoot, not only in New York but in other cit- ies. The cost oi living has fallen at least, that much in the United States. Private income has fallen even more. And it is ev.dcnt. that only with painful economy can the many demands of relief re met.

Nations us well as individuals arc feeling the lack oi cash ilicse days, and the League oi Nations is said to be facing an awkward situation bccausc the necessary contributions have not been pad according to schedule. Possibly, in this situation, the loeague may be moved to con- sider more carefully the need for expenditures on the scale to which they have steadily gi'0‘.\'ll. At that, theysre insignificant ivllcn com- pared with what many oi ihc mem- ber nations arc paying for arma- merits.

Candidates who oiler themselves for re-clectlon and are defeated arc called lame ducks in the Unit/ed States. This year they promise to be unusually numerous. One sixth oi the members who constitute the present Congress will not return. Some of them have resigned volun- tarily. Others have tried for other oflices than those they held, and still more of them have fallen at the primaries. That is to say, they have been beaten for rcnomiriation by members of their own party. Even the veteran Senator Smoot, of Utah, who has been undefeated in 30 years, is said to be facing a des- perate fight. He will no longer have the undivided support oi the Mor- mon Church ior his Democratic op- ponent is a prominent, Mormon al- so. Twenty-nine Democrats and 42 Republicans who sat in Congress will be absentees. These include Senators Brookhart, Blaine, Brous- sard, Shortridge and Morrison. Mrs. Ruth Bryan Owen, daughter of the late W. J. Bryan, has been denied renominstion.

The enormous buying power I chain stores, says The Maritime Former, is both a challenge and an opportunity to co-operative organ- izations, according to Harry H. Todsal, professor of marketing _oi the graduate school of business ad- ministration oi Harvard University, who declared they tend in buy merchandise from manufacturers rather than wholesalers, and from farmers or farm organizations rath- er than commission men. The nt- tempt t0 do sway with middlemen comes both from the growers’ or- ganizations, who are seeking con- tact with large quantity purchasers, and from the chain stores, who seek large volume producers, he pointed cut. This tendency to buy more directly is t0 the interest of all consumers and will cvnntually be tc_ the interest of producers, he said,

"d 51W mun. especially in their opposition provided that. the necssary function mminion to the Conservatives, who, he says, of assembling. standerdzing and dc-

Eitunrls cvmmittcci upon its gum-an. "an not 1m amen"! than Wm,“ livering are performed mo-rq coon- x

iii-c of the srciint cs issued by the ‘Canadian Natbnal Railways to an

in sheep's clothing." This, com- ments the Montreal Gazette, is very

crnlcally than by the methods.

traditional

llthat new t of _ £11m:

B [omen . Barton. MD-

lllVES (URTICABIA) FIIDH _ SLUGGISH LIVED

You may eat a certain 100d and in a short time your skin is covered ivith hives (urticaria), face swollen, and there may be a little difllcialty in breathing. This condition may persist for a number of hours or may pass away in a few minutes. If you call a physician he may inject a iew drops of adrenalin under the skin and the hives dia- appear in a. very short time. Naturally you decide that this particular food does not agree with you and decide‘ to try to do without it. Perhaps, some time later, the food‘ tempts you to such an extent that you eat some and no hives (urtic- aria) follow, no swelling of the face, no difficulty in breathing. Why did this food cause hives at one time and not at another? Because your liver, and the flow of bile therefrom were working s0 well that they were able to take care of this particular food and did not allow it to disturb your dig- estive system.

Although most oi the foods that cause hives are classed as ptoteids which are not under the direct action of the bile, but under the action of the stomach digestive juice, and pancreative juice, never- theless it. has \been found that where there is a slugglshxiess in the liver, thickening of the bile in the gall bladder, and a slowness of the now of bile, foods that would not ordinarily cause digestive disturb- ances actually set up afichain of symptoms in the body-low blood pressure ,slow best of the heart, in- digestion, and hives or urticaria. For this reason some European physicians have. been using bile suits obtained from animals in the treatment oi this type of urticaria. They find that‘ these bile salts, given regularly for a short time, give good, prompt, and permanent results.

The thought then is that despite a well acting liver and good flow oi bile, there are foods that will cause urticaria in certain individuals. However when foods cause urticaria that haven't previously caused any disturbance, then it is likely that the iiVCl‘ is sluggish or that there is something interfering with its ability to work.

Remember, walking, bending, any exercise in fact, will not. only squeeze the liver and help the cir- culation ‘there , but actually in- creases the flow cf bile also.

Making Haste Slowly

(Monthly Commercial Ilettei‘, Ca.- nadlan Bank oi commerce.)

Those who advocate nationaliza- tion oi business would do well to consider carefully the following opinion of a noted authority, Dr. Ernest Minor Patterson oi the Uni- versity oi Pennsylvania and the present», incumbent of that honored position, the presidency of the Am- erican Academy of Political and Social science. "Among the most. notable (changes,)" he said in an address recently before the Acade- my of World Economics, "has been the attention given in the last. few years to national planning, an idea developed in a rapid and spectacu- lar form by the Russians, but of necessity forcing itself upon all of us. This movement would seem to be a confirmation of a. nationalis- tic economics, had the world not simultaneously discovered that in- dependent planning by nations is impossible. We have scarcely grasp- ed thc fact that individualismin the old sense is no longer possible and that: laissez-fsire and the invisible hand are out-dated, ‘when we are compelled to acknowledge that co- operation on a base even so broad as the national ‘one is inadequate. In fact. its consequences are far more serious. Disasters may follow from an unregulated and individ- ualistlc economic behaviour, but they are mild compared with the tragedies if large national grout» clash, each thoroughly organized in opposition to the rest.”

The systems through which the Ercater part of economic and social life flows are the result 0f evolu- lion: they have been continuously in the pnocess of change and gen- orally for the better, and they may be expected to alter as national and international conditions demand. Ye; as long as there is danger of great. economic disequilibrium the need for improvement will remain. The principle oi doing nothing and of letting nature take its course is

famount cxcrctilng one billion dol- ha“! on m; gomorvstlve party. 01‘ of the quadrupcd which arrayed it- dars. Nor is this all, for there are might be considered so. were it not 991i in s, yon-s 5km and inspired

éiillilii-"irilnitfffi fiilciiiiiiifl 0i the 5Y5“ that iiiil discussion of dllgilir-BS acme fear in bciclders until A3211 m the amount oi three hund- recalls the old and excellent fable voice w“ mm, _

itfi

Mt '= ‘ “ in an age in which human intelligence ha; been up- pllerl to the remedy of evils such as (“"6050 and epkiemics. Nor is the s-imd thinker Impressed by the ra.

dicai view that exlatlng lyltomr

ALL IS VANITY

Whether men do laugh or weep, Whether they do wake or sleep, Whether they die young or old, Whether they feel heat or cold; There is underneath the sun 30011118 in true earnest done. l "i

All our pride is but a jest,

None are worst and none are best, Grief and Joy, and hope and fear Pill’ $11911‘ Dl8€ants everywhere:

Vain Opinion all doth sway, And the world is but. a play,

Powers above in clouds do sit, Mwkins our poor apish wit, 'I‘hat so lamely with such state Their hish glory imitate.

No ill can be felt but pain, And that happy men disdain.

—-Phllip Rosseter (1575-1623)

Communism At St. James Bay

(Bbrchange) Communism in land rights is be-

Bay," at the southeastern corner of Hudson Bay. But they don't like the way it works, and they want to go back to their former system of family group ownership. So re- ports Dr. John M. Cooper, anthro- pologist at the Catholic University 0f America, Washington, who has just returned from their country.

Land rights oi the Indians in that far northern region mean but one thing-hunting lights. Traditional- ly they have been held by small family or_. kinship groups, and no groups land 118s been trespassed or poached upon by any other. The Indians have voluntarily practiced conservation, sparing enough ani- mals. especially beaver, go rc-stcck the hunting grounds for another season's trapping. But the pressure of postwar dc- mands for furs started keen com- petition among the trading firms, with steeply rising prices offered. This, together with other factors, operated to break down the old system of respect for pivzitc hunt- lug rights, and the Indians have in increasing measure been hunting where and when and how they pleased, often following the white trappers‘ example and cleaning out every beaver in a, lodge, leaving none for propagation. The result has been disastrous, Dr. Cooper states. The beavers that bore the golden fur have been kil- led, the Indians are ‘impoverished, and the trading posts that used t0 ship their tens of thousands 0i pelts in a season now have not a single one to send to market.

Not By That Road.

(Vancouver Province)

Farmers‘ strikes in the fertile lands of the middle-west United States, and espcciiiliy in Iowa and Nebraska, seem to be flzzling out in heartbreak and futility. In Iowa where the movement started-the sc-called "Farmers l-loldayW-after a month of "peaceful" pickcting which ended in the shooting and gassing of fourteen farmers, a truce has been called, and there is to be a Governors conference in Sioux City. In Nebraska, another state where the revolting farmers showed 50ml organized resistance to the regime cf low prices, the news is that the strike is getting no- where, except by way of breeding bad blood between the farmers themselves and between poor farm-

ln the cities.

It i8 easy to see that there was never any hope of_ better prices by way 0i a iarmers' holiday, but it is hard indeed not to sympathize with the farmers nevertheless. In Iowa, U10 Pledge taken by the strikers is eloquent oi iher hard case. It bound them not to go to market with

should be uprooted and replaced by

single minds. The best attitude 880m! to ‘be to regard the present institutions as having in the past been productive in the main or K°°¢ but capable ofdmpmvcment in the future.

KID N EY

in: tried by the Indians of James ' I

era in the country and poorer men‘

others. frequently the progany 0t

CfQN FIDENC E

‘A bank, like an individual, gains strength and . commands confidence through years of ex- perience. Throughout the past 63 years, with their successive booms and depressions, The Royal "Bank of Canada has made steady progress to established strength and has long been repognized as one of the grea: banks of the world. I: serves all Canada.

RcYAi. BANK , OF CANADA

RESERVES‘ $39,155,106 ASSETS over $725,000,000

their produce until the prices should, ensure them a return equal to the

cost oi production. The farmers of

the United States say that they

have known the longest depression

in all the ‘history pf American agri-