‘Aucusr 1. .1933

iiIIIIN SEEN NS IIEP IN INTER“ IMPERIIIITIIIIIIE

N, July 3i.--(C.P. Cable)-

features of the new Canadian i“, o1£15,000.000, the lists of which n and close on the London mar- w Wednesday, were described to- mb, a, being oi great significance gy Kori. G. Howard Ferguson, Can- ‘dlan High Commissioner 1n Ion-

“I; the first the issue, first on the Mndon market for the Dominion 1n . more of years, indicates Canada 5nd the United Kingdom have tak- en on immediate step in the dir "- W, o; development of inter-Imper- m trade following the recent Em- pm declaration, said Mr. Ferguson.

Imperial Gesture

1n the second place the loan is a great imperial gesture which he ‘nought would increase confidence 411 over the Empire in the success 9 ithe new Empire movement.

"with the United States on the w, hand pursuing a policy oi more o, 1,355 Nationalist isolation," he via, "and the European gold bfoc wlking up a similar attitude on the

g hand, the Empire countries ' been made to appreciate the importance of their position and the ygpoiislblllby to their people as nev- er before."

Warm Reception

Progress and stability of the Em- pire was more assured today than it iiad ever been, MrsFf-IFZUBQR 0°11‘ glutied.

The announcement of the loan got | warm reception from the British press, It is 1n four percent bonds 5nd will be issued at par, purchas- ers having the option of paying in instalments up to the and of Octob- or, though there is no discount for‘ sash.

‘Missing Ma n Found, Exhausted

ii

, (fhnulian Press) ' GHATHAM. N. 3.. July 31.—Lost d yesterday in the woods east of

William Pendergast, aged news yerdor of this town, was found this sfternoon by a group of searchers. Although exhausted when taken to hospital, he was expected to recover. He had gone blueberry picking.

_._..___-__r-

WASHINGTON, July 91. — “(Aral-with one swift gesture. ,“ the steel industry erased the i‘ oontenti “company 11111011" =1 provision from its code of fall’ ‘M trade today, but made it clear '- the industry would continue to ;-' foster this method of dealing Vi‘ with its employees.

_ _. s;

(Canadian Press) MONCTON, N. B, July 81- -Lors1 ba-nk clearings for the Imonth of July totalled $2,188,- ‘ m.

BIRTHS

IIICCARIIDN - At Southport, July i933, to Mr. and Mrs. Frank Mc- on, a daughter, winnifred Leu-

fse.

DEATHS .

FISHER-In Bay Fortune, July 28, I933, Marian Fisher, aged 14 years. daughter of Mr. and Mrs. W. C. Fisher. Funeral Sunday at 9 0’- clock.

BIKES-At Wellington, July 80. 1938, Isabel Goodwin, dearw be- imd was o: Charles a. ma. m ll. Funeral Tuesday from the Church of Immaculate conception.

GODKIN-At Cornwall on Monday. July 31. 1938, Lemuel Godkin. aged 9° years. Funeral from the residence "1 Frank Howard today, s esdsy Msust 1st, service starting at 2.80

m. Interment Sherwood Ceme-

Card of‘ Thanks

- and Mrs. John F. Curran. and

Iv Wish to thank mo. many friends and neighbors for their kindness during the illness and death of their son, and brother, M"; and also for the many Mass "aids. summit Bouquets and m- ien or Sympathy. as.

I‘

N: D- MacLean

uhnraraxn asmmusa

Charlottetown and North Wiihhiro Ihtmo 149

GEIITIIAI. GUARDIAN

sup-v‘-

This ooluusl 1a reserved for queer’ louusy news oi local Interest but no. vortlling pf I newly mature may be naortad at s cents a vrorsi atrictig payable in advance.

-.—.._.,

m cnsncc of a lifetime ‘to own your home. See ad elsewhere.

A WAR. VETERANS’ reunion wiii be held at the Armouries, on“. lottetown, next. Friday night at g o'clock, Admission 75 cents. All re. tumed men welcome. '11

THE TIME I8 GETTING SHORT to make your entries for the pm. vincial Exhibition. Those who have not sent theirs in do so at once, 68 Positively ho entries will be re- ceived after the closing date, Aug- ust 11th: 6e

SAD FATALITY—A sad fatality

75-

occurred at Cornwall yesterday af-

ternoon when Mr. Lemuel Godkin,;

aged 60, fell from a load of hay,‘

sustained a fractured skull, and died i

1n a very short time. It is believed‘

that the vehicle struck a stone, as!

Mr. Godkin was thrown off the load backwards.

AUGUST FORECAST -_ The weather forecast for August is: 1-5 continues fair and warm; 6-12 be- comes unsettled with some thunder storms and high winds; 13-19 turns ‘very hot and dry; 20-26 pleasant and warm with occasional showers, 27-31 fair and warm then cooler.

_.____.

DOUBLE MINERAL-The double funeral of Lawrence Compton and Alder Small, victims oi Sunday's drowning tragedy, was held yester-

day afternoon from the residence of Mr. Lloyd Small and Mr. Ralph Compton to St. John's Church. St. Eleanors. Archdeacon White offici- ated.

SCHOOL BOARD-At ‘a meeting of the Schoi Board, held yesterday, it was decided that the schools should open on Tuesday, September 5th. Miss Esther Rattenbury, who has been supernumerary teacher on the staff of VWest Kent School for the past two years was appointed a regular member oi’ the stafl’. Mr. W. J. Brawders was appointed tru- ant officer.

DESTRUCTIVE FiltE -Flre which broke out shortly after mid- night yesterday moming complet- ely destroyed tho forge and small barn of Mr. Stanley Keyser at ‘Grand 'I‘racadie. The fire, which was of unknown origin had made considerable headway before it was discovered. The damage was a- bout $1,500. There was no insur- ancc.

PERSONALS

Herbert Jones, Jr., and bride. re- turned Saturday evening from their honeymoon trip.

Mises Lois and Edith Ford, City, left yesterday by motor on a holiday trip to Moncton.

The continued illness of G. Pierce and Arthur Jackson, Royalty Junc- tion, and Ben Rodd, Brackley Point Road, is reported.

SIIMMEIISIIIE

and Prince County

—-CHIEF SARK Ell-ELECTED — Chief Jacob Sark was re-elected Chief oi the Prince Edward Island Micmacs yesterday. The event, which took place at Lennox Island, created much interest, and Mr. snrk was the recipient of many congrat- ulations on his victory. He was el- ected by 42 votes, his opponent, Mr. Augustine Bernard, receiving ten votes.

_.,‘E‘riends will be pleased to learn that Mrs. Elmer Sharbeii, Portage, who has began indlsposed

{s-a

WILL IN VESTIGATE

(Continued 120111 Y1K! 1)

will arrive in Ottawa next week at the latest, and that the Canadian members will at once Join them here for organization.

Wlii Review Syiiwl

The entire Canadian banking, our- rency and credit system will come under review, and it is anticipated that the inquiries will be conducted in many cities throughout Canada, giving the widest’ possible latitude to the investigation.

On the report of this Commission the Parliamentary Committee will

i}

Thirty One Missing In Exp lo s ion

._.___

BRUNN. Camber-Slovakia. July 81-h: explosion of un- determined origin blew the front off the four-storey hotel WNW today, burying scores of guests in the ruins. -

Three bodies were recovered shortly before noon. Twenty were believed dead.

The blast rocked the whole city and flames from the ex-

bese its deliberations at the next session when the delayed revision of the Canadian Bank Act will be car- ried out. The regular decennial re- vision of the Bank Act, coupled with renewal oi bank charters was due this year. In view of the economic and currency situation, the “overn-

ment decided to set up this commis-_

sion and Parliament thereupon pas- sed an Act extending existing Btnk charters one year.

A CENTRAL BANK?

One question to be given special consideration by the Commission

central bank in Canada. The Com- mssion will make recommendations for revising or supplementing Do- minion legislation relating to bank- ing and currency, and the adoption of such measures as might seem desirable to promote the revival of trade; to facilitate inter-imperial and international co-operation for the purpose of raising commodity prices, increasing employment, anti to stabilize industry and finance. The terms of reference are as follows: That it is desirable that the ap- proaching periodic revision of the Bank Act, which will precede the enactment of a measure to continue the charters oi the existing banks- to which said act applies-and which expire on July 1, 1934, shall be based on a complete and detailed examination of the provisions of said act and of the functions and operations thereunder of the bank- ing system hereby established. That it is also desirable that such examination should include a study of the facilities now afforded by the Finance Act and a. careful consid- eration of the advisability of es- tablishing in Canada a central banking institution, and, if so es- tablished, of the relation oi such central banking institution to ex- isting banks and‘ its proper author- ity and function in the operation of the banking system of Canada.

COMPLETE INVESTIGATION

That such examination should also include s study of the entire monetary system of Canada, includ- ing credit, currency and coinage. particularly in their relation to commodity price movements and fluctuations in international ex- change.

That it is also advisable to cou- sider whether and in what respects the banking institutions and the monetary system of Canada may

for the purpose of facilitating in public policies designed to promote the revival of domestic and foreign trade and entenprise and the gen- eral increase of employment and to ensure a greater measure of stabil- ity in respect thereto.

PROVISIONS

It is provided first, that the com- mission shall examine, consider and report upon all the matters herein- before recited, second, that, with- out limiting the general scope of their inquiry into the operation of the banking and monetary systems of Canada, the said Commissioners shall, in particular, ease-mine the provisions and working of the Bank Act, the Dominion Notes Act, the

for the past few days. is now quite recovered.

EINSTEIN

(Continued from Page 1) _ suit find the scat selected for him w: in a prominent place where he could be seen from the floor and galleries. He sat quietly, listening to his friend, but the entire house wag conscious cf his presence and of the grey halo of bushy hair made famous" in PIIVWBTGDII throughout the world.

when 'Professor Einstein was seated. ureter-reappear owned 1 vigorous attack on Hitler.

"Germany has not driven out her cut-throats and blaclIBflfl-rdfl." 1'19 said. "She has selected the cream of her culture and suppressed it.

"She has even turned on , her most glorious citizen. Elnswllb"

The house cheered the reference to the scientist.

o-rhe professor is without a home" locker-Lampoon continued. "The

Finance Act and the Currency Act, and the advisability of establishing a central banking institution, and, third, that said commissioners shall report their recommendations for revising or supplementing the above mentioned acts and for the adop- tion of such other measures as they

may deem desirable to promote the

revival of trade and enterprise and to facilitate inter-imperial and 1n- ternaticnai co-operation for the purpose of raising the level of com- modity prices and for the purpose of ensuring increased domestic em- ployment and the stability of the economic, financial and social 1n- stitutions of this country.

OUTSTANDING DIITISIIEIS

The apointes from Great Briioin

are outstanding men in their re- spective fieiciis. Rt. Hon. Lord Nic- Miiian, K. C., eminent British Jur- ist, is well known as the chairman of the MocMilian Committee ap- pointed by the British Government

Germans have stolen his savinlfl

in 1/909 to inquire into Finance

and even taken his beloved violin." llnd Industry in the United King-

Th9 house passed the bill on first dom. Ire was appointed a Lord of

reading.

Aippealtuordinaryiaiasoumdis

is the advisability of setting up a .

be modified, extended or developed

ploslou shot 200 feet in the air. ‘ The explosion took place at

7.45 a.m. when most of the i guests were still inside, The entire first floor, includ- ing a restaurant, was demolish- ed. Windows in all nearby ' buildings were shattered. ; Police, firemen and soldiers

were called out for rescue work | and to maintain order among I inhabitants, who were ti-rotm I into a panic.

Increased Wages For U_. S. Workers

By James P. Selvage, Associated Press Stan‘ Writer. . WASHINGTON, J-uiy, (IL-Hun- ; drcds of thousands of workers ‘ throughout the United States will i‘ go to their jobs at increased wages g this week while in the capital a ' long-awaited hearing upon a code of , fair competition for steel, the key ? industry, will test the machinery of Lire national recovery administration. As Industrialists and Labor lead- ers prepared for the expected tussle over the major code, in which See- retary of Labor Frances Perkins will I take s. prominent part, a tremend- _ ous response of the people to Presl- ,dent Roosevelt's appeal for higher I wages andshortencd wanking hours ‘ to spread employment was shown on the recovery administration's chart of progress.

IIISTIIIIY IIE

civil:

The history of Eastern Canada‘ was told in a new and interesting‘ manner by Mr. Pemberton Smith, L Montreal, Presiden‘ of the Csnad-I tan Historical Society, '1n an ad- dress before the Rotary Club yes- terday. In his address Mr. Smith dealt with history century by cen- tury.

Regarding the discoveries of; Christopher Columbus in 1499, the‘ speaker stated that Columbus 3 thought at that time and through- ,' out his whole life that he had been I to India, and the people, whom he I called Indians, were really Chinese or Mongols. The incident was a‘ great historic joke.

Six years later the Cabots, fur- ther. north, made a good explora- tion of Newfoundland, explored the Gulf of St. Lawrence seeing the high lands of Cape Breton, as strangers, made a landing there, and sailed around the coast of southern Nova Scotia [as far as Yer-mouth. After they had gone back with reports, maps and plans of Newfoundland, fishermen of Dieppc, St. Malo and Brittany foi- lowed up the discoveries and came over in the Springs to fish, return- ing in the Fall. They gave the name to Cape Breton Island, as they were Bretons.

Jacques Cartier was sent over in 1534 by King Francis of France to set up the flag of France on the mainland and claim the land. There is nothing to indicate that Cartier had not been over pre- viously, particularly since he struck the entrance to the Straits of Belle Isle first time, and signalled to French vessels in the Gulf. He sail- ed around Isie St. Jean, did not land, but remarked that it would

I . | | I

In the Chicago area alone the De-

partment of Commerce district of- fice, estimated that 100,000 persons would be affected by employers’ signing the agreements with Presi- dent Roosevelt which are intended to result in greater purchasing pow- er. . Boston reported 3,338 agreements signed, affecting more than 50,000 employee; St. Louis, 4,153 for Miss- ouri, and others showed a more or less similar response.

For the first 2G weeks of .his year the total oi hogs graded in Canada was 1,043,090 as against 1,671,676 in the corresponding period of last year.

O

a member of the House of Lords in his judicial capacity, and from time to time takes part as a member oi‘ the Judicial committee of the Privy Council in hearing appears from the British Dominlons.

Sir Charles Stewart Addis, K. C. III. G., is an internationally-known figure in the banking world. For some years he was a Director of

be good farming country. earned on through Bale Chaleur, and fin- ally stuck up his flag on the Gaspe Peninsula. Some fifteen years ago a man named Richmond, equipped three old sea captains with maps and logs of Cartier, and had them work out the course by dead reck- oning. Beginning in the Straits, be- tween Tormentine and Borden, the three agreed that the flag had been raised on O'Hara Point. He sent his

IIN EXCHANGES

IHE CHARLOTTETOWN GUARDIAN

f B" so P B. b"

’ nalty For E II 3 I III N [fidnappers

ALBANY, July 3l.—- (A.P.) - Moved by the kidnapping of John J. O'Connell, Jr., almost in the shadow of the State Cap- itol, Governor Herbert II. Leh- man asked the New York Legis- lature tonight to provide death pen ‘ for kidnappers in some instances and life imprisonment In others. '

The Governor urged that the fight against "snatchers" be car- ried on even if it involves eu- tlangering the person they are holding.

At present murder in the first degree, premeditated or in the commission of a _“ r felony, is i the only crime punishable by death in New York State. The present maximum penalty for kidnapping is from ton to 50 years imprisonment.

TRADING IIIIII

(By John L. Cooley, Associated Press Financial Writer)

NEW YORK, July 3l—(A.P-)-— Financial nuarkets bogged down today. ‘Trading on most exchanges was dull, but buyers held aloof and the month ended with speculative positions in sharp contrast to their utatus at its beginning. "

Grains 10st the limits allowable‘ under present regulations, stocks.‘ After a somewhat hesitant start.‘ skiddacl easily under light offerings,i closing with numerous declines of‘ 2 to 4 points and more. Cotton,‘

I

sympathlzing with other markets, slumped better than $2 a. bale. Bonds were heavy.

Wall Street's expectations of a “secondsry-reaction" following last week's recovery appeared to have been realized. Believing that a set- back was out many traders were content to stand aside, letting pric- es take their own course and find a level which would attract support. There was a. mild rally, presumably on short covering, in the late trad- ing and extreme losses were cut by fractions to s. couple of points. Vol-‘

reports and maps to the Canadian Historical Society, and the point was accepted as the one on which the flag had been placed.

In 1608 Champlain founded Quebec and New France. In 1820 British emigrants founded New England. The wars of the parent countries had their effect in the colonies. By the terms of the Treaty of Utrecht which closed the War of Succession in 1713, Acadia, except Cape Brcton was given to Britain. Fear led the French to construct the strong fortress of Louisburg on Cape Breton Island, much to the consternation of the people of New England. In the next war in 1744 Sir Wm. Peperell and

the Bank of England. He also serv- ed as Vice Chairman of the Bank for International Settlements. He was a nlerztbcr of the Cuniiffe Cur- rency Cumnittcc of the United Kingdom 1918-10, the Indian cur- rency committee 1920, the Brazilian Financial Commission 1923-24 and National Debt Committee 1924-26. He is a director of a number of im- portant shipping and banking cou- cers.

CANLADIANS

Of the Canadians appointed, Rt. Hon. Sir Willfluil Thomas White, P. C., K. C. M. G.. was Minister of Finance from 1911 to 1919. Sub- sequently he became vice President of the Canadian Bank of Com- merce. He is generally recognised as being exceptionally well-versed on shatters relating to Canadian Bank- ing and Finance and Public Affairs generally. His years of service as Minister of Finance during the war brought him into close contact with all aspects of these matters.

Hon. J. E. Brownies, K. C., has been associated with the Govern- ment of Alberta for the past 1B years, first in the capacity of At- torney General and since 1995 as Premier of that Province. He was General Counsel for the United cram Growers, Limited, and the United Farmers of Alberta.

Beaudry Lemon is General Man- ager and’ Director of Banque Can- adienne Nationals. Montreal. Be- sides his extensive business inter- ests Mr. lemon has served in many important capacities in public af- fairs. He wee a membe of the na- tional advisory committee on the St. Lawrence Waterways, and of the Canadian Farm Loan Board, and, in 1091 was a member of the Royal Commission on Railways and ‘Transportation in Canada. He has ‘also been President of the Canadi ‘an Bankers‘ Association. ,

Commander Warren besieged and captured the fort, but in 1748, the fort was given back. To counteract Louisburg the New Engianders built Halifax in 1749. For a time in the next war the British met disaster from the French forces led by Montcalm, who pushed his way into Ohio. Louisburg, which was thus neglected was captured in 1758 by Boscowen and Amherst. James Wolfe who was with the ex- pedition was sent ashore to recon- noitre, and discovered batteries camouflaged in front of the fort. By aoskilful manoeuvre he got. be- hind the batteries and captured them, and turned them on the fort. In 1759 Wolfe captured Quebec, and 1n 1700 New France fell into the hands of the British. In 1701 Louisburg was demolished.