Boyne Johnston of Ottawa. wanted in connection with disap- pearance of more than $250,000 from an Ottawa bank where he
CANADIAN TELLER ARRESTED IN DENVER -
worked. as a teller, is shown (seated) after being arrested in Denver. He was arrested in a Denver night club. Detectives
stand behind him as he is quest- ioned at Denver police headquar-
ters. (CP from AP)
DeepeningConcerhShown ‘ By BankOver Inflation
OTTAWA (CP)~The Canadian honey pot has been bubbling with a heavy addition of new funds. but the insatiable hunger for money—and credit—appears far greater than the pot can provide.
Thus, with deepening concern over the possibility of inflation, the Bank of Canada appears to have imposed new restraints on the expansion of the country’s money supply. i L
That, perhaps is one of the main reasons why the central bank’s interest rate has climbed steadily, week by week, reaching to 3.2 per cent last Thursday from the all-time low of 1.12 last August. The allltime high was 4.33 per cent in August last year. SOME SHORTAGES LIKELY The restraints appear to have been imposed amid prospects of some shortages likely in the over- all supply of mortgage money and heavy unemployment in the coming winter months.
However, officials emphasized that the central bank has added
‘ extensively to the country’s rnoney pot in the last 12 increasing the over-all supply by some $1,600,000.000 to altotal of more‘than $13,000,000,000.
That, they say, is one of the
O’LEAkY
The many friends of Mrs. Owen Jones, O’Leary, are sorry to hear of her illness in the O’Leary Hos- pital.
Mr. and Mrs. Lawson Grey and Leslie Grey. Blair Waite, and Shirley Coughlin, motored to Springhill, N.S. ‘
Mr. Jimmie MacWilliams of Springfield West. is employed in Summerside at the wharf.
Mr. Jimmie MacWilliams M. Adams, Elmer Smitlf and N.,Har- ris O’Leary, all motored to Hal- ifax on the weekend. They also visited Springhill Mine disaster, and returned liome'SundIay night.
Miss Mildred MacKay, Cole- man, has accepted a position as cashier with the Farmers Co- Op store in O'Leary.
Mrs. Angus MacKenzic, O’- Leairy, spent a few days visiting her son and darueghter-in-law, Mr. and Mrs. Charles MacKenzie, Glenwood.
The West Point Presbyterian W. M. A. was held at the home of Mrs. Wilbert MacWilliams of West Cape on Thursday evening Nov. 6th. Meeting opened with hymn, Scripture reading and prayer. Some thankoffiering en- velopes were passed in at Meet- mg.
Mrs. John Campbell, O’Leary, is spending a few days her sister, Mrs. Roy Boulter. Mil- burn.
Miss Judy Colwell. Northam, returned to her studies in O’- Leary High School, after being confined to her home with pneu- monia. ‘
Friends of Mrs. Peter Pate, O'Leary, are sorry to hear she is a patient in the Community Hos- pital, O’Leary, with an attack of pneumonia, all wish for her a speedy recovery.
Mr. and Mrs. Erland Phillips, Mt. Royal. were Sunday guests of Mr. and Mrs. Horace MacAr- thur at Northam.
Miss Bertha Ramsay, Summer- side, is visiting for a week or 10 days in Cascumpec, guest of her sister, Mrs. George Warren, and Mr. and Mrs. Harry Thomas. She also visited Miss Annie Campbell at the Ellis Tourist Home.
Mr. and Mrs. Ross Tuplin, O’— l,oary. left last week on a two weeks vacation to visit his mo- ther in the States and other re- latives.
Friends of Mrs. Ernest Mac- Pherson. Glcnwcod, are glad to hear she is improving steadily
U
largest increases in recent years, hanging up to about 14 per cent from previous averages of about four or five per cent.
RISING DEFICIT
The expansion in the money supply has provided the chartered banks with a lot more finds with which to make loans-and earn interest. It was an indication ofa heavy deménd, mainly by the fed- eral government, for more credit to cover a swelling treasury de- ficit.
Let’s just see how this works: The government, looking at its coffiers, decides it can no longer pay its way and must borrow heavily to cover expenditures. The plains of the situation may be that the available supply of money just isn’t sufficient to cover all the demand for loans.
Is the government to compete sharply with other institutions for available money—and thus force interest rates to unusual highs— or is the Bank of Canada going
to step in and increase the over- .
all money supply by buying more of the government bonds?
The central bank earlier this year decided to boost purchases of bonds. Over the years, it in-
in the Community Hospital, 0’- Lcary, and are h ‘ng to see her around home again soon.
Mr. and Mrs. Moody Lockhart, Coleman, had as their guests their son and daughteruin-liaiw, Mr and Mrs. John Lockhart and dan- ghter Patsy of Moncton, NB. ov- er the week-end.
A very enjoyable evening was spent in the School basement Tuesday evening when friends of Miss Tippy Kennedy gathered to surprise her. on her seventeenth birthday. the evening was spent in music and dancing. Tippy was the receipenit of some nice gifts. Although taken by surprise Tippy in her usual care-free and hum- orous manner thanked all pre- sent for their thoughtfulness. A delicious lunch was served by the hostesses.
Leigh Vatcher and Wayne Mat thews, O‘Le-ary, are on the staff of Holmva'n’s Grocetenia, Summer— side. '
Little friends of David Wayne Maclsaac, son of Mr. and Mrs. Don Maclsa'a-c, Glenwood, are sorry to hear he was operated on Friday afternoon. All wish for him a speedy get well.
Mr. and Mrs. Willard Belts. Glenwood, went Tuesday on a holiday trip to visit relatives and friends in the U.S.A.
Mr. and Mrs. Murray Sweet, Forest View. O’Leary and MT. and Mrs. Allison Harris, Sum— merside were recent visitors to Moncton, guests of Mr. and Mrs. Poa-lph Oul‘ton. On their trip they visited Springhi'll Mine dis— aster, Nov-a Sootia and were guests at Wentworth Valley of Mr. and Mrs. Melbourne Teed.
Mr. and Mrs. J. Lloyd Gorrill. Summersidve, were guests recen- tly of Mr. and Mrs. Harry Adams Knutsdord.
Mr. and “Mrs. Gordon MacKay and son Maynard, Penfield, N.B. were guests of Mr. and Mrs. Edwin Coughlin for the past week. They attended the shower held in Coleman hall Thursday night in honor of their son and his bride, Mr. and Mrs. Lester MacKay. ‘.
Mr. and Mrs. Arthur Harris, O'Leary, motored to Saint John on Friday, where they will meet their son, Mr. Spurge‘on Harris, Haverhill, Mass. Mrs.‘ H a r r i 5 plans to visit Havcrhill for the next tw0 weeks.
Mr. and Mrs. Ray lllacEucli-
creased its holdings by some $213,000,000 to a tqtal of $2,600,- 000,000 or so.
WIDESPREAD EFFECT
On the' surface that doesn't look like much of an increase. But its ratifications are widespread. The money the government receives from the central . bank ‘in ex- change for bonds is deposited in chartered banks. These deposits are then switched over to the central bank.
Now for every $1 the chartered banks have on deposit with the central bank, they can lend ' ut $12.50 to the public. That is based on the regulation that only eight per cent of” their "total deposits must be in the form of cash in the till oi“ deposits with the central bank.
So that every time the central bank lends money to the govern- ment it, in fact; initiates an ex— pansion in the country’s money supply. The central ban ’3 fear is that this expansion could lead to heavy inflation in the future.
Other federal 'exrperts may dis- count its fears, but the central bank has control over the money supply. In the end, it appears that it is the decisions of the bank that count.
Leod, Springhill, N.S.
Rev. Ross Howard of the O’- Leary Baptist congregation was guest speaker at the Women’s Missionary Society thanlnoufrfering service at Alberton United Church Sunday night. I
A pantry sale sponsored by the O'Leary Women‘s Institute was held Saturday afternoon at Jel-
good display of home-cooking was on sale and very readily picked
realized.
to hear he
ing him a speedy recovery. Mrs. Harry Adams, Knutsford.
daughter-in-law, Mr. Reggie Adams.
and Mrs.
in O'Lea-ry.
0 When you bake at h
It’s so easy, when you I rising dry Best Yeast!
HONEY Scald % c. milk
11/2 tsps. salt an to lukewarm. M
e‘ES'i’lEAST t
ern. Mrs. Hugh MacE‘vacliern, Mr. Wallie MacEachern and M i s s . Marjorie hiiiliigian. were guestsi recently of Mr. and Mrs. Amos
MacNutt and Miss Annic Mac—
uvrizmo» ." 5
ly's Department store in aid of the Springhm Mine Disaster, a
up and the sum of $40.00 was
The many friends of Mr. Ar- chie Macheod, O’Leary, are glad is improving after receiving surgery in the Hospi- tal at O’Leary. All unite in wish-
returned to her home after spen- ding a few days with her son and
Knutsford, and Mr. and Mrs. Douglas Adams,
'Mr. and Mrs. Charles Cross- ma'n, Cape Wolfe, spent Sunday
So easy to make! Sweet ’n’ luscious
this scrumptious Honey Bun Ring
large bowl 1/2 c. lukewarm
with 1 envelope Best dry Yeast. Let stand 10 minutes,THEN stir well. Add cooled milk mixture and stir in l well-beaten egg and 1 tsp. grated lemon rind. Stir in 2 c. once-sifted all‘purpose flour; beat until smooth. Work in 2 c. (about) once-sifted all-purpose flour. Knead on lightly-floured board until smooth and elastic.
Page 12 The Guardian
Thur.. Nov. 13, 1958
SANDY COVE, N. S. (CF) _. A herring fisherman who drove to Ottawa this summer to com- plain about New Brunswick fishing activity in Nova Scotia's St. Mary’s Bay said here Sunday the trip was apparently a waste of money.
Newcomb Harris and three others say they told Fisheries Minister MacLean that New Brunswick boats were ruining their weir fishing in the bay, a 30-mile inlet divided from the Bay of Fundy by Digby Neck.
Harris said Sunday the govern- ment promised “to look into .it and let us know . . . they said they would even come down here.
“But we haven’t heard a peep from them.”
And the weir fishermen say their troubles have started all over again. Harold Crowell said the seiners have returned to the bay. Harris said the seiners operate “in behind our weirs and break up the schools of herring."
N.S. Herring Fishermen Says Ottawa Trip ’Wasle'
l Crowell said "when the seiners ‘are through there is nothing for anyone."
Weir fishermen set large nets on stakes into which the herring swim and are trapped. The fish are moved at low tide. Seiners operate with dragging equipment pulled by powered vessels.
Loren E. Baker. Atlantic area director of the Fisheries Depart- ment, declined to comment on the fishermen’s charges.
The weir fishermen operate about seven months of the year, selling most of their catch in Black’s Harbor, N.B. Crowell said they were enjoying their best season in 10 years until the seiners arrived two weeks ago.
“Here on the Neck,” he said, “there is little else to do but fish and if the fishing is ruined there will be no way of making a living here."
Harris said the Sandy Cove delegation drove to Ottawa in
July in his car and paid their own expenses. . -
SABIINA, Ohio (AP) — They brushed old E-ugene's clothes off dusted him up a bit and .put him back on his little couch Tuesday and said tsk, tsk, tsk, what a thing to do to a corpse
Especially Eugene. When a corpse has lain nice and peace- ful for nearly 30 years in his pleasant little brick house and always looked so—well, eerie in a way, but sort of beautiful— you figure he’: earned a little more respect.
But there are always prank- stens around and in Tuesday’s early morning darkness they broke into old Eugene‘s place“ and cart-ed him 45 miles and dumped him on a bench on the Ohio State University campus in Columbus.
Elige Kellem, an OSU em-
ployee, found him. . Well, there wasn’t much Kel: lem could do but call police. So he did, and .it wasn‘t too long before one of them remembered about Eugene.
And by 8:30 am. Eugene was back home, much to the relief of Bart Littleton, opera-tor of the Littleton Funeral Home in this southeastern Ohio commu- nity of sonic 1,700 people.
visiting their son-indaw and dan- ghter, Mr. and Mrs. Percy Vey and family, O’Leary.
Friends of Mrs. John Hierliky, O'Le-ary, are sorry to hear she is a patient in the Community Hospital with an attack of pneu- monia. All wish for her a speedy recovery.
An emergency Operation .was performed on Mr. \CaIrl O’Holl- enan, Cape Wolfe, Sunday night by Dr. Brunell and Dr. Dewar. . Latest reports is that Mr. .0’- Holleran’s condition is satisfac- tory. His many friends hope for a speedy recovery.
Mr. Ernest Strong, Summer- side, was a Sunday guest of Mr. and Mrs. George Wilkinson of
ted friends in O’Leary.
Mrs. Ella Dyment, Summer- sidzc, spent Sunday, the guest of Mr. and Mrs. Robert England, Springfield West.
Mr. Elmer MacLeah of the Al- berlxm Pastoral United Church Charge was guest speaker at the Sundy evening service in the 0‘- Leary Baptist Church. A very inspiring message was brought to the congregation by the speak- er. Special numbers were sung by the choir. with the church or— ganist, Mrs. Melvin Ellis in charge of the music.
most inexpensive salesman ya. can I employ - - - a
GUARDIAN- PATRIOT
WANT AD Phone 8506
Springfield West. He also visi-A
Pranksters Steal Corpse . , And Dump It 45 Miles Away
Eugene’s home is behind the Littleton place.
Somebody — nobody remem- bers who — first saw Eugene June 5, 1929, walking through Sabina. The second time they saw the middle-aged Negro, he was leaning again-st a fence post, very relaxed and sort of thoughtful - looking. He may have been relaxed, but he wasn't thinking. He was dead. apparently of a heart attack.
The 1929 owner of the funeral home, Olin R. Moon, now dead himself, embalmed the stranger and put him in the back build- ing. He thought someone might come along and identify him.
The body wasiout there quite a spell, but no one ever came. In time it became apparent that an extraordinary embalrn- ing job had been done.
“We don’t know why he never buried him,” Littleton said. W‘The thing jist kept go- ing as it was." \
Somehow along the way, the corpse got named “Eugene.”
More Comforl'Wearing
FALSE TEEI'H
Here is a. pleasant way to overcoat loose plate discomfort. FASTEETB. an improved powder, sprinkled on upper and lower plates holds than firmer so that they feel more com- fortable. No gummy, gooey, pasty taste or feeling. It’s alkaline (non- acid). Does not sour. Checks “plate odor” identure breath). Get FAB- TEETH today at any drug counter.
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BUN RING
, 1/3 c. granulated sugar, (1 1/4 c. shortening; cool
. dough. eantime, measure into a
water; crumble and add 1 cake Best Yeast—or stir in 1 tsp. loosen granulated sugar and sprinkle packed
honey ;
a long
a ring.
Place in greased bowl and grease top of
Cover and set in warm place, free
from draft. Let rise until doubled in bulk. Punch down dough and roll out into an oblong about 9” wide and 24” long;
dough. Combine 1,3 c. lightly- brown sugar and 1/2 c. liquid spread over dough and sprinkle
with 3A c. broken walnuts. Beginning at
side, loosely roll up like a jelly
roll. Lift carefully into a greased 81/2” tube pan and join ends of dough to form
Brush top with melted butter.
Cover and let rise until doubled in bulk. Bake in moderately hot oven, 375°, 45-50 minutes. Brush top with honey and sprinkle with chopped walnuts.
Jordan Will Charge Syria With Aggression
AMMAN (APl—Premicr Samir Rifai told a cheering emergency session of Parliament Tuesday night that Jordan will accuse Syria of an act of aggression for intercepting King Hussein’s vacatiombound plane.
Thuhderous applause greeted his announcement that the gov- ernment would bring the case be- fore the ‘United NatiOns Security Council and ask Secretary-Gen- eral Dag Hammarskjold to take quick measures for a debate. Parliament then unanimously adopted a resolution giving the
free hand to take
mm . I gov ent n the new
any action necessary i crisis.
The premier spoke as the coun- try went on a spree of celelca- tion.
A national holiday was de— clared to celebrate the young king’s escape from what he charged was an attempt to kidnap or kill him in a flight over Syria Monday.
EMERGES AS HERO .
Hussein, who celebrates his 24th birthday Friday, emerged'as a hero for defying the Syrian MiG fighters and making a suc- cessful getaIway.
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' .tlon 1p -
The ossrble min I. tween alir pollution and .mortralzizy; from cancer and heart Elgade was discussed in a‘bookle ser- public by the Public Health ’ e. ' VlExpanding on that report, Richard A. Prindle said theie
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