Over 38,000 people in this Province — 8.900 in the _C1t;y - Read The Guardian every dill’.

Thb Guardian is read in practically 6V6?! W931i‘, while home in. Prince

Edward Island. ~ ~

' q dl .I'onndnl Ilfl (lillgaflgohiblllu and!“ Two Cont!

Japanese said a sun AND

To Have Taken

City - Of J ehol

Despatches From Tokyo, How- ever, State That No Definite News Has Been Received Re- garding Capture -— Chinese Offering Stout Resistance.

SHANGHAI, March I-(Sat-

THE CANADIAN

DllilAR 0N llPliAliilliiENB

(Canadian Press)

NEW YORIQ-March S-In the heaviest trading recorded in many months the Canadian dollar marched-steadily upward -on New York foreign exchanges today as the United‘ States financial outlook continued to take on a less favor- able hue. 'I'l'le Domlnions currency lldded 2% cents in value, standing at 86% cents‘ at the end of the hectic day.

Thursday the discount on the dollar as against United States funds was 157i. cents. Today it fin- lshed ‘at, 131s the h cent differ- ence in the range and the amount of the day's gain being accountable to the fact the dollar was the small fraction off at the opening of trad- ink.

Factors in the rlsc were many, but the main propelling force ap- peared to be the widespread re- rtrictions placed on banking in the United States. Also, the flow of gold from America's reserves reach- ed $116,439,800, up until three o'clock in the afternoon. It was the hcavlrst outflow in 1B months. - Confidence in a Canadian bank- ing riructure singularly free from difficulties resulted in many United Biuirs citizens, particularly those residing near the iutematlonal bor- dcr, sending their money into the Dominion for depositing. Also, Wall street branches of Canadian banks did a thriving business doling out Canadian dollars in exchange for American fundg,

i

ANNOUNCEMENTS, COMING EVENTS, MEETINGS, are

"" Annohnoemenfi 'aro lnuortell In "f column at ll cents per word "Muir payable In nllvnnco.

Jill/it. Stewart Club loading hogs "Willy afternoon, March '1, 8241-11

"Snvasole quarters removed to “m”? 01' Queen pnd Fitzroy St. 8240-11

"Wilma to the Auction lalc at “risen Mathesonh. Springfield, on larch 4th. 8122-2-24-27-1-3-41

"Have real Beans and Bread for P101381‘ Saturday by buying them Your Zion C. G. I. T. at Murdock Rm store. 8234-3-4-ll.

B"Now open for business-Adam's Ram" Bhoo. next to White's Tea 1°00“. Sunnyside. All that's new urlltonsorial work can be had. Drop

. 8242-11

"A Bun Life Policy is an un- ‘llrlnkable usett, protecting loved Ones and providing ready money for ‘use later on. Consult us about it.

' 5- MW". Manager. Charlotte- “Wl- ~ 8221-3-8-8i.

"Buying live hogs Hunter Riv- "~ Time-r. mrolfirth. Everett grim. firs‘; Aldon um. Bl ll!!!‘ .

(Signed) Allan wedlock. - ‘ mn-a-s-al

"am York 00h .' flela Hall ullndu ‘lfiilfiffiiafa $11. under amines of Dunsterfnsso

0mm’: Institute. Admission 25o "id 15¢. Curtain at I o"clook sharp.

BNB-S-Q-li.

"MM?" ‘ruesday evening lfgyomihéir onto: in " ~ mun o- wo one- "Pl- "Mo. vocal and t- '- Blah-dancing, rcoltetions. Ad-

urduy)—(A.P.)-Chlneso sour- ces said that Japanese troops entered Jehol City Friday af- ternoon and found defends of the Capital demorallned.

roxro,‘ March —(Satur- dnyl-(APJ-Dofinlfc new! to substantiate reports that Jello] City had been taken by Jap- anese troops‘ had not reached Tokyo early today. In some quarters the truth of the re- port wns doubled.

SHANGHAI, March l—(Sai-

reaching here this aflernoon said that Chinese troops are offering stiff resistance to Jap- anese troops who seek to en- ter Jehol C'tv, the Capital of Jchol Province.

Questions King?‘ Appreciation Of Own Statements

(Canadian Press)

OTTAWA, March 3-A sharp in- terchange between Prime Minister n. n. Bennett and at. ado. w. 1.. Mackenzie King, leader of the op- position, featured the debate on ad- ministration of unemployment re- lief in the House of Commons this afternoon. Mr. King had lust con- cluded a speech in which he criti- clsed the government for seeking a "blank cheque" to cover relief ex- penditures in the past two years, and demanded detailed. information as to proposed expenditures under the 1933 relief act now under con- sideration. '

Mr. Bennett followed the opposi- tion leader.

"Mr. Chairman, I wonder if the Rt. Hon. gentleman has any appre- ciation of what he is talking about," he began, and an uproar broke out members on both sides. ' - “

“I mean that very seriously," the Prime Minister continued, "for that any responsible member of Parllamen should give us what he has been saying in the last. 15 min- utes is incomprehensible."

Mr. Mackenzie King: "Let the Prime Minister speak for himself."

Mr. Bennett: “It is incomprehen- sible that any responsible man would say in this House ‘what has been said."

Mr. Mackenzie King: "I am as responsible as the Prime Minister. He is talking as an irresponsible Minister of the Government at. the moment."

Mr. Bennett: "Don't get worried."

Mr. Mackenzie Klng:"'No-and I won't stand any insulting words from my right honorable friend either. He talks snout me not being responsible. I tell him that he does not know what he is talking about." Mr. Bennett: "I am sure if tho right honorable gentleman has no further knowledge of that than he has of what he has been talklni about, his bpiriion is not very valu- able."

"A very fine exhibition by the Prints Minister." observed Mr. Mackenzie King. The maiden: clos-

Moy Pu rch as e Radio . Stations

OTTAWA. March a-m Canad- lnn Radio Commission may buy time broadcasting stations from the Canadian National Railway!» one ouch in Otto!!!’ Mmoton. N. 8., and Vancouver. Ayoto of 01,000,000 was included in this IiIflOItlml-teo for the Commission and his understood a out of this will be moo to purchase tho rall-

mIflflfilllltlflfl

missionlooandiiloenu. ocent-

snowstorm .A_S,H_i_2_ileASl

Telegraph And Tele- p_-h 0 n e Companies In N.S. Suffer Heavily.

I-IALIIIIAIX, March 3 - (C.P.) __ ‘Telegraph and telephone companies suffered the most severe losses during the sleet and snow storm that lashed the Maritime Provin- ces lsst night and today. Post of the broken lines had been repaired tonight, however, although some telephone circuits were still out of order along the South Shore of Nova Sootia.

Nova Scotia bore the brunt of

""~'~"~.ff.‘l Read by Everybody Covers Prince Edward - Island Like the Dew

T}

.CHARLOTTETOWN, CANADA, SATURDAY, MARCH 4, 1933

Inflation Fallacy FineNon-Partizarl Speech BiyBennett

CogenliExplonation, For M em be r. of Legislature and Others, Of The Present Financial Situation, A ml

Wlzylnflation Is Impossible So Far 44.3 Canada Is Concerned.‘ Notable AdclressBy Rt. Hon. R. B. Bennett Makes IIIeSituation PlainAs Day.

the 890ml- Demlge in New Bruns- wick was confined to communica- tion lines in the southern part of the province, while few breaks

urdafl-(Alfil-Lntest reports I

were reported in Prince Edward Ishlnd. _

A high wind continued tonight and with soft- snow falling the crows of linemen were ordered to stand by for further duty.

Heavy seas kem smell boats in their port and damage along the‘

coast was believed to be light. The

fishermen, having suffered severe losses in two other storms this winter, were prepared for this one.

CLOCK STOPS

BIALnrAXJMar. 3 - (on) .- Faithful for more than a quarter of a century, keeping time with precision that made "it a valued public servant, the old clock in the Customs House tower grieved many citizens today by falling to func- tion. The position of the hands ln- 1 dioated it had stopped at 5.10 this i morning, and customs officials said they believed sleet, plastered on the face of it by the storm, had caused the trouble. Collector of Customs W. C. Acker said he had been around the building for'20 years and could not remember when the clock had stopped before.

Bright Spots Of

Financial And Industrial Wk.

(By The Canadian Press) MONTREAL -— Pyle National Company of Chicago, establishes branch plant here to manufacture locomotive equipment.

VANCOUVER-Shell Oil Com- pany is proceeding with construc- tion of the second unit of their million dollar plant on Bul-‘rard Inlet.

BRANTFORD, Ont. - Sonoca Products Co., branch of Hartsvlllo, N. 0., concern. work on erection of new plant here early in April.

SAINT JOHN, N. B. — Since Janus y 1st about 5,000 cattle ship- pod from this port and Halifax and space booked from Montreal for 10,000 head going in June.

5T. OATHERINEB, Ont-Eight new industries employing 480 men at present established in- St. Cath- erlnes in 1083.

NIW MNIBTER, B. Q-Frnscr Valley Sugar Boot Holdings 00., representing Dutch and Belgian in- terests, promoting sugar beet fec- tory at Fraser valley.

‘IDR-ONTO-Prlfltlflli publishing and distributing of English version of the Vatican Memorial Series will be done in Toronto, the order running into millions of dollars.

. _-—_—-1-—-

TORONTO, March 8-401.) .4110 slump In United Stole! funds’ resulting from U, s, banking disturbances mg“ g flutter in Canadian talents “In”: Ghkn! 1- ‘ in I

Iherrmhrvllllnm l.

t

-.i .~

1 ..>..

expects to start ,

The address delivered by the Rt. Hon. R. B. Bennett before the 30am l)! Tradttahof Toronto at its annual meeting is s0 informative and instruct- VEdOIIIB e present financial problems, being discussed in the Legislatur alnn e ewllerc that the Guardian considers it timely to reproduce it in lg t in this issue. No clearer or more definite and authoritative preser: a 1°“. °7 the c“)? ‘#01116 be found anywhere, and it is so clearly ant‘ ‘Xllilv-tll’ put that even those who "have no use for figures," will be obi: o grasp and undrrstand clearly the financial problem Canada, as well as the L312 of the world, is up against,

TIIE CHAIRMAN'S INTRODUCTION

Th.- Chairman, Mr. J. M. llfacdonnell (1st Vicc-Tresldent of the Toronto Bowl o! Trade), introducing ille Right Honorable n. B. Bennett: “As we look about the world and see in all directions evidences of great Governments being shaken to their foundations, we may reasonably ask why we in Canada, like the rest of the British Empire, have come through the storm so well. I think the answer is mainly two-fold. In the first place we have in the average citizen one who has a. deep-rooted belief in the supreme value of political and individual liberty, a jealous regard for the institutions which secure it, and who feels a recognition 0f his duty as a citizen to maintain the laws which are its embodiment.

In the second place We have always been fortunate enough to find 199419“ Wh°5e Dfirsollfll illlfigflw is such that no breath of scandal can touch them, and whose qualities of heart and brain have always been equal to any emergency. I think it is an added piece of good fortune that these men have been men who had their own way u) make and who by their own character and ability have faced fortune and earned from her a recognition which mere circumstances might have denied them. We look up to and admire these men, and are glad that they have had to face the same problems as ourselves, in that way they know how t0 sympathize with us, as we with them.

Of these qualities wc have a noble embodiment in our distinguished guest tonight. As we have watched his career from small beginnings in the infancy of the West, and have seen him prosper in his private aflalrs and reach a commanding position in the business and professional life of this country, we have also rejoiced to see him enter the political stage and become a noble and worthy figure there. And at what time he has comcl Surely everyone here, whether in public or private life, will agree that the unprecedented circumstances of the time lnake demands such as never before on those in high position. Of those demands I take it the first is outstanding ability, and second courage and resolution beyond that of ordinary men. Given in our public men these qualities, and with the admirable temper of our people, and the proved institutions we have received from our forefathers, we may inded face the future with confl- dence, and even equanimlty. Such ability, such courage, such resolution, and withal a boundless desire to serve his country, I believe we all with- out distlnctlon of party attribute to our Prime Minister. (Applause).

Therefore, on your behalf, I wish him God-speed in the great task before him, using the words of a great poet written on a great occasion:

Yea let all good things wait On him who cares not to be great But as he saves or serves the State.

I have the honor to cull upon the Right Honorable the Prime

Minister to address you." (Prolonged applause).

RT. HON. R. B. BENNETT

Mr. Chairman, your Honor, Mr. Chief Justice. ilnd gentlemen: Alter such an introduction I expected that the Chairman would close his ob- servatlons by calling for a motion, perhaps by the Chief Justice, seconded by Senator Spence, that my remarks be taken as read. (Laughter).

But alas and alack, no such good fortune awaits us.’ I deem it a great privilege and a high honor to have this opportunity to be present this evening. I confess ii; is not easy for one to attend u. function such as this, for the simple and obvious reason that a First Minister gets very little opportunity to prepare a speech that is worthy of such an occasion. The Toronto Board of Trade has a reputation that is not limited to the confines of this Province, or this Dominion. Therefore it is important that one who comes before such a critical body should have something to say other than mere platitudes; and after listening t9 the moving and eloquent sentences of you, Mr. Chairman, I find it riiflicult indeed io con- template the ordeal of-making an address.

But this is a Board of Trade, and lt occurred to mc today that it might be well to make a fcw observations with respect to trade, looking at it in respect to the present, and the future. You will quite understand that, my observations are non-political, even though at times it might seem that they trench upon politics! around.

In the early days of this Dominion trade was barter. And there are not, lacking evidences that some" would like to go back to that 118MH- (Laughter). Barter, for example, of beads for. furs. But trade mew! buying and selling, the exchange of the commodities of this country for the commodities of other countries, the exchange of the products of the farm for the products of the factory and the mlll- “mum” 1 W“

"it is desirable, especially in urban communities‘, that we should remember

how great a pm the rural areas of this country play in our trails activities. We have for the first time q indicated by the census o! 1W1- a greater part of our population now living in cities than in the country. 1t will be within the memory of all of you that the agricultural Prudlw- tion of this country that is sold abroad, exported, l8 less in value 111w that consumed at home. We sometimes forget how vast a market we h": within our own country for our agricultural production. And Just as the farmer or the agrlculturalist looks upon his home market. as the largest moi-bet he enjoys, so do those who worth, cities and towns, mills and rector-lea, look for the opportunity within the bounds of their own coun-

(oontinuod on Page o)

THE WEATHER

31'0": northeast to north windg; cloudy and probably some gnow; n“ “"31 011N189 in temperature.

14 PAGES

Government Attitude On Subsidy Claims

Education, Public Health And Other Matters

" Dealt» With By Hon. Dr. MacMillan In Speech

On Draft Address ——- Debate To Be Resumed Monday Afternoon By Mr. McIntyre.

Qsllblishlus a tribunal to make an 000 for the endowment of l. chair lfldludlcation on the Duncan Ccm- in lfjcononlics and Sociology at

Progress had been made towardldemonstratlon purposes and $75,-|A i

mission award i_n connection with the final settlement of provincial subsidy claims. Dr. the Hon. W. J.

and Education announced in the course of his speech on the Draft Xddress in the Legislature yester- iny. It was, however, inadvisable t: press for settlement at the zzscnt time, in view of the better arms witch might later be arrived it, he llltimfled.

The fact that disagreement be-

P. Lfncllillan, Minister of Health,

Prince of Wales College, the in- cumbent to teach also in St. Dun- SiEiffS University and to lecture throughout the Provfprc.

Other matters dealt \"iih by Dr.‘ MauMillan included the govcm-j ments health and educational pol- icies,, the various plans suggested for the rebuilding of Fnlconwood Hospital. the serious financial position of the Provincial Sana- torlum. and the conditions existing in Queens County Jail.

i i I

tween the authorities of Prlncei Dr, MncMillan, as acting lender

of Wales college and Si. Dunstans University had hitherto prevented the Province from sharing in edu- cational grants from the Carnegie Foundation was revealed by the

Minister, who explained UIBPTOI-i to bring; about an agreement through theled the adjournment. Bishop of‘

tunately he was able loo-operation of the Charlottetown. The result had been the receipt recently of grants of $60,000 for provincial library

Nfl’d Sealing Fleet Off To Ic e ‘Fi e lds

S1‘. JOHN'S, Nfld., hfilrsll 3 (C.P.)—A bluc ensign presented by the Govemor, Admiral David Mur- ray Anderson, will fly at the mast- head of the flagship of Newfound- land's scaling fleet when the six steamers sail for the northern ice- flclds on Monday.

Expressing keen interest. Admir- al Anderson inspected the fleet today and wished the skippers and their 1200 hardy fishermen success on their dangerous expedition.

l-le was welcomed by Eric Bow- ring of the firm of Bowrlng Broth- ers who have outfitted four steam- ers. and Captain the Hon. Abra- ham Kenn, Commodore of the fleet and master of the Terra Nova

Captain Kean, former Minister of Fisheries for the Island Dominion. is preparing for his 43rd trip north. Having brought in nearly 1,000,000 Seals during his adventurous car- eer, he is hailed as the world's greatest sealing skipper. His ex- cellcncy after congratulating the Captain on his fine record. prom- ised to present him with the crl- sign before sailing time.

Ina ugu ra tion

Of Roosevelt This Afternoon

(By Edward J. Dllffy, Associated \ Press Staff Writer)

WASHINGTON, March 3-(A.P.) —Glorles reserved for Presidents only were ready tonight to launch Franklin D. Roosevelt on the mor- row as the leader to whom the United States looks in this hour of need.

Thousands upon thousands of his fellow citizens eagerly awaited the hours that will bring to him the honors accorded in your! E0116 by to his acknowledged heroes, from Jefferson to Cleveland. i

WASHINGTON. March 3.-(1\. P.) - ‘resident-elect Roosevelt gas” r the ' ‘ lnent of llomcr S. Cummings of Connecticut as Attorney Geller-l in the place of the late Senator Walsh, of Montana.

The rppolntment is tempor- ary-"for a few wecksW-afier . which Cummings will proceed to the Philippines to brrome Gov-

ernor Gencral of these Island Pfllflllllll.

of the House in the continued ab- sence of Premier Stewart, resumed the debate when theyl-Iouse met yesterday morning. He was follow- ed by Mr. J. P. McIntyre. Ex-Mln- ister of Public Works in the Don Government, who at 1 dclock mov- The House adjourned until 3 p. m. Monday.

(Continued on Page 10)

Demand‘ For Return Of The Intc’l. Rly.

TRUlRO, N. S., Mar. 3-(C.P.)-- A demand for the return of the Intercolonial Railway to the Mari- times went out tonight from the Truro Town Council.

Return of the railway to the status which it held prior to am- algamatlon with the Canadian Na- tional Rallways was asked of the government in a. rider to a reso- lution protesting against union of the C. N. R. with the Canadian Pacific Lines.

ln accordance with the terms of Confederation, Mayor Thomas de- clared, the lntercolonial should be handed back to the Maritime Provinces and be operated lndc- pendcntly.

Nine Cows And‘ Two Pigs Die Myste riously

SAINT JOHN, N. B, March 3- (C.P.) Wanted: a "Sherlock Holmes" to detect tllc manner in which death struck nine cows and two pigs in bums of the New Brun- swick Protestant orphans’ Home outside the city limits this mom- ing.

The mysterious fatalities were under investigation tonight. One puzzling factor was that eight cows in the cattle barn escaped harm as well as two pigs grouped with their less fortunate brethren.

Electrocution seemed the most plausible theory. Power lines are near the property and one of the wires snapped under the weight of snow early today. However, there was no sign of bums on the dead animals. The cattle were restrained by metal stanchions. one of the surviving cows appeared to be stunned but soon rcsalncd its nor- mal condition. Suggestions of pois- on or disease were discounted.

I/lss to the orphanage was plac- ed at $500.

‘u. proposed reduction l-l

Funeral Notice

Members of the Knights of (olumbus are requested to meet l: (he Home at 8.30 til‘ l1) rill- in; to attend funeral of brother Sir Gouge Ifennessey.