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blow-K" ""‘°-l°-1'~'-°"f““‘ The People's Paper .. ... s c moral courage. Covers Prince Edward island Like tile Dew "°""‘ “""""' '°"'“ “" CHARLOTTETOWN, CANADA, MONDAY, NOVEMBER 1s, 193a s PAGES- set-g, ,,'f-g_";~'u§,"

Clnrloflckrn Guardian ‘Inn Cont:

Urges Short Te

HITLER BA CKED B Y O VER WELMI

LARGELY ATTENDED SERVICES HELD ON

yREMEMBRANCE DAY

Returned Men And Citizens Participate In Fitting Tributes To Heroic Dead On Anniversary Of Armistice Day, 1918.

ZNTNOUNCEMENTS, COMING EVENTS. MEETINGS. arc

.___.

inlu-rled In

"Announcement: are ivor d

lhln‘ column at 2 cent! par ntrlctly pnynble in advance.

"Chicken Supper at Marsliileld Wednesday evening. . 262s.

"Hear Mrs. Mutch in Zion Hall Thursday, Nov. 16th. 2860

"Bevan Mile Bay, dance with orchestra, Monday, Nov. 13th. 2671

"Sole of goods, fancy needlework

- d woolen, Bingo, etc., etc., at Hope A river Bazaar. ' 2503. "Bazaar at Hope River Tuesday Ind Wednesday, November 14th and 15m, ' 2503.

"Come to the Y. I’. S. masquer- ade party in Fredericlun Halli ‘T .. .- day evening, Nov, 14th. 2656 "Don't faill Be on hand for second game, auction touriillliicllt, Holy Name Club tonight. 2654

"Miss Thelma Tced, violinist, will play in Zion Hall Thursday night. 2661

"Mr. Mason MacKay. tolior so- ‘loist, will sing on Thursday night in Zion Hull. 2562

"Come to Chicken Supper in Wlieatley River Hall, Tuesday, Nov- ember 14th. 2633.

"Mixed concert in Zion Hall Thursday. Nov. 16th, at ii o'clock. Best local tslent- Admission 25c.

2663

"Tess oi the Storm Country," with Janet Gaynor and Charles Phi-rel at Kenslngton Tuesday night. 2657

"Borden Rink dance. Abegweit dance hall, Wednesday night, No- vember 16th. Sid Elliott's orches- tra. Admission 35 cents. 2666

"l-lear East Royalty players at Wlltshlre tonight. Good specialties. Dfince after show with orchestral music. Auspices Women's Institute; stormy, first fine evening. 2650

"We are buying Fowl and Chick- ~n alive and dressed every 'I"uesday anti Wednesday. R. J. MacDonald dz Co, Ltd., Cardigan. 2592.

"Dance. Hunter River Hall, Moli- Jfll‘. November 13th. 4 piece Orch- ‘is. Proceeds in lid of l-lockeyégo

“Come to the opening of the Presbyterian Manse at North Tryon,

Tuesday. All day. Goose dinner. 60c Dinner. 2620. "In times of depression cheap

Protection is imperative. The Sun Life has an ideal protective Policy. Let us explain it to you. J. A. Moore, iun Life. i775.

"c°11°°1'17. C8119 Traverse Hall. Nudes. November 14th, a P. M. by Young People's Society. Splendid °11\11°I1IM. drill. musical numbers. Not a dull moment. Admission 25c ind 15c. 257i.

"Hesi- ‘East Royalty players in North Wtltehlre Hall tonight. Dance liter play. Archer's orches- tra. Admission 25c and 15c. in aid of Women's Institute. 2664

"Attend the second cam game 0! the tournalncnt to be held in the Holy Redeemer Hall Tuesday wmihl- F9111‘ good prizes given, also

Incas out prize. 2658

._._._

"lecture-Professor L. Shaw will lecture in the r. o. o. r. Hall, Montana. may. Tvbv. ma. Ad- mission 10c and m. 2m

Major Findings In Accord With Island Vi e w .

INIJIJRSED’

l

Informed last evenlnroi’ the nat- ure of the report of the Macmillan Commission on Banking Ind Cur- rency, Premier Maclilillnn expressed I his satisfaction, particularly with! regard to the recommendations for; a Central Bank and extension of |

Largest Vote int His- tory 0f Nation Gives l German Chancellor '

Loan

rnfCredit For Farmers 1w; v0 TEBANKING IICDMMISSION if u ,7, G "REPORT 1s SUBMITTED

1P n l I c Y I sfbommlsl

on Recommends Central Bank, Better Terms For Farmers, Increase Of In-

terest Beyond 7 Pc., Abolition Of Collection Charges —- Dealing In Securities Permitted.

TTAWA, NOV. 12.—(C.P.)—-'I'il0 immediate establishment of a

was a party, reading as followsl "The Conference considers it to

tcllnlll

There was s. very large tumout of returned men and citizens at lhe Remembrance Day service at llic War Monument iii Charlotte- town oii Saturday moriiiig. Headed by the Legion Band and marshall- ed by Major F. B. Conrad, Presl- deiit of the Charlottetown Branch

'of the Canadian Legion, the re-

turned men paraded from the Le- gion rooms to the momument, where the service began promptly at ll oclock with the observance oi the two minutes silence. From 10.45 till i1, the fire bell toiled at intervals of twenty seconds, and as the hour struck a round of gunfire from Vic- toria. Park marked the beginning of the interval during which all heads were bowed in slcnt prayer. The assembly, led by the Charlottetown Male chorus, and Legion Band, then sang “O Canada," followed by K plings "Recessi uiul." The L9.- meiit “The Flowers of the Forest,” alas played on the bagpipes and the Last Post sounded by Trumpeter Ben Doiroil. Following - this im- piessivu ceremony the assembly sang "O Varaiit Hearts" and “O God Our Help in Ages Past." Re- vcillc was then sounded, and the National Anthem sung.

His Honour Lieutenant Governor Dalton. accompanied by his icicle, Colonel G. E. Full, was plesent at the service and placed a wreath on the moiiiuineiit. Wrenthswcrc then placed by Premier MacMlllali, on behalf of the Government, and His Worship Mayor Stewart, for the City of Charlottetown. A large number of other wreaths, represent- ing military units and patriotic and fraternal organizations. as well as individual tributes, were also placed. -

The parade then proceeded’ by way of Grafton, Prince andRich- cnond Streets past the front of the Provincial Building, where the sal- ute was taken by the Lieutenant Governor. The returned men then proceeded to the Strand Theatre, where a letter from the Dominion president of the Legon, Majol- Roper was read, dealing with the Pensions Commission and urging financial support. for an assembly of the Dominion council at Ottawa during the next session of Parlia- ment to take up matters concern- ing pension readjustment. Major Conrad persided at the meeting. The Dominion presdentfis communication was lead by Major C. C. Thompson. Comrades N. W. Iowther and J. J. Leightiaer then spoke, the former on the work the Legion was (lblfll; in omainlng t ‘ readjustmienls, and the latter on the importance

clal appeal and Legion finances generally. The meeting adjourned with the National Anthem.

The parade was one of the finest seen in the city and was watched with great interest by hundreds oi ctizens. Tho nieiiilbers- of the Royal Canadian Mounted Police marched in uniform. as did thc Raj/ell Cali- adian Naval Volunteer Reserves. under Lieutenant John Connolly.

. Church Services

At sl. Damian's Basilica. Politi- fical Requiem Mass was celebrated iby His Excellency Bsllop o'suill-‘ van. Rev. Dl‘.' Beriiaid Gillis- was High Priest, Rev.- Father MacKen- zic, and Rev. Fvlthei- Sullivan, Dea- cons of Honour, Rev. Enniiot OT-ianley, Deacon of the Mass. Rev.

the Mass His

0‘Sullivaii gave absoluilcii. The service ivas HLIOYIIICCl

very large congregation.

bya

At Trinity United Church

Ali outstanding feature of thc ob- servance oi Remembrance Day was Tllllffjfllill. servlceyof the Protestant congregations of the City, held iii Trinity Ullliezl Church at 9.45 on Saturday morning.

Rev. Dr. Ramsay of Trinity pre- sided, und with him were Rev. Dr. Vincent of thc First Baptist Church, Rev. 1!. D, Rpylilond, M.A., of St. Paul's. Ciillrcli of England, Rev. W. L. Outhouse, of the Central Christ- iali Church, Rev. Dr. R. Moorllcnd Lcgate, of Si. Junies Presbyterian Church, and Rev. C. N. Brown, M.A..

‘of Trinity. Tile organist and choir of Trinity led in thc worship oi praise.

A simple but impressive order of service was carried out, consisting of prayer by Rcvnll. D. Raymond, Scripture reading by Rev. Dr. Lc- gate, the liyliins, O God our help in ages past, God Save llic King, O valiant hearts, and Laud of our birth, ill which ihc congregation heartily joiiicd, and aii address by Rev. W. L. Outhouse. All". Outhouse took as his text tlic words of Christ: “Pence I leave xviih you, my pence 1 give unto you. Not as the world glveth give 1 unto you.“ His theme was thc futility of seeking peace through merely human agency, and the necessity of Christ's peace in the hearts of mcll as the only means to police in the world. Rev. Dr. Vincent closed thc service with prayer and benediction.

of the Dominion president's finan-

MOSCOW, Nov. 12.—(A.P.)—|I'he foreign office today denied reports published abroad that Japanese planes had been shot down on Bov- iet territory.

There have been no further re- ports oi Japanese flights into Soviet territory since the government warned Tokyo November 0 to be- ware of infringing the Siberian bor- der.

A Toss (Soviet ‘telegraph Agency) dispatch from Vladivostok, Siberia, November 5 said a squadronlof nine Japanese military planes went across the Siberian border November 3,

' miles along the

penetrating soviet territory 15 tc 20 west bank oi the

Deny Japanese _ Shot Down In Soviet

icon .liucd on page ll)

Planes

Gulf _of Amllr.

roxvo, Nov. l2. _ IAP.) - The War Office asserted today that re- pms o; Jmjnne5e planes being shot down at lllc Siberian border were absurd and groundless.

gunday afternoon nclvspapcrs licrc used tile headline "fiolish propa- ganda" in discussing reports printed abroad that planes were fired on and that. Japanese auxiliary war- ships sunk lii Soviet territorial wot- era. The Wfll‘ office, navy office, for- eign, office, and headquarters of

Leonard lviacDonalcl, Sub Deacon of the Mass, Rev. Louis A. Dougan, Master of Ceremonies. Following

Excellency Bisllopl “yr-m jmuggg

Qmgm] HlSlllXlrl in Changchun all branded the reports as baseless and

ridiculous-

Free Hand.

By Louis P. Lochner, Ascoclntcd Press Foreign Stair. BERLIN, NOV. l2.—lA.P.1—OVer- lvllclllllllg endorsement of Chancel- lrcllol" Adolf Hitler's foreign pollclesl and the zi l 1mm“ “med Pmmler Macluman’ from lllc ggrmlls-figeialzeiztgziillbeintviljiiill r "dmlmg a“ 7" 5”‘ Wm‘ “"7 plus‘! was obviously the largest vote in the '

short term credit to farmers, These‘ recommendations are in line with the presentations jointly made be- , fore the Commission on behalf of tile Provincial Government. Boards of Trade and farm organizations of the Province.

“The exhaustive nature oi the re-

of the banking situation. should hiswry of we nation prove of incstllnrtble value to Par- Tm final vote as reported by] iiament. It is what Canada ex- wums agency showed WC“ Ov-er 90! "need "m" “'1'” “mp0s”! u" 1'5“ Nazi political domination and all 9mm“ "f "w C°"“"i“|°“"' ‘even larger portion of "yesses" on 7 '_'—"‘-' the national plebiscite. t cent of the qualified electors, which numbered 45,106,168. The vote count stood: the Reichstag: 39,621,437 oi‘ 92.2 per ent; invalid votes 3,348,125; total 42,969,562. An early morning sky ride ended or 93.5 percent; “No" 2,052,100 or fatally 101' lhfefi 111811 today when 4.’! percent; invalid 780,999; total their aeroplane lost a wing over 43,425,529, they were unmarked. if the method The dead were Adam ROWlilSklh indicating the voter's intention was Henry Ratliabosky and Imus Kuhn. technically incorrect or if a ballot Kabkolvltz. was critically injured. I able to discern the voter's intention. The plllne had been rented from ‘ an aviation company by Kapkowltz,

pet-ted oi‘ thc brilliant and experi- pvrvnnt m. the ballots in Ikwor or

The filial vote exceeded 90 per-

K I L l E D For the Nazi slate of candidates in

c

NEW YORK. Nov. I2.—(A.P.)— In the plebiscite: “Ycs" 40,583,430

Brooklyn and crashed into a iere~ ;. Ballots were considered invalid ii

all cl B1'00k1l’11- T119 9110i. Frank wlis so marked that clerks were un- who held o. commercial license; the

Second Election

In the gray morning hours of a

nieli, wearing evening clothes. 130011301 1119 5111i) 11l- 7-40 fl- 111- B11‘ murky November day buglcgbllists Curtiss Field. l awakened German citizens to their

A few minutes after the take-off; voting duty 1g; was the second “a.

‘the ship was in trouble. It lost some tional election since the Nazi ad.

"r1115" 11nd BPPPHWd 1111111116 l0 801“ vent to power. The election meant altitude. A wing either collapsed but; one thlllg_gndgj~ggmgnt of my. or was torn iiwuy as thc plane skid- ier and his party and approval of (led over three elevated tracks. his stand for peace with honor and

equality among nations. Henderson In Dis-

armament Plea w R E l; ii E ii

GENEVA, Nov 12-(0. P. Cable) —In face of a declaration by the Italian de'egate that because of Gezmanys withdrawal it was use- less to attempt to proceed with (Canadian Press) dsarmament efforts at this time,‘ LENNOXVILLE, Que, Nov.12.—- Arthur Henderson, Chairman of A broken journal in thc tender of the Worid Disarmament Confer- an engine early today brought a encc, Saturday made an impasslcnq freight train to a. sudden stop in atcd spiral in the Steering Com- the middle of a bridge crossing the mater to “get on with the work?‘ Massawippi River near here, demol-

Ccming on the anniversary of. ishlng astock car and killing several the Armistice, Senor Di Sorangnasl pigs, reducing a carload of crock- statement that efforts towards: cry to fragments and breaking an agreement on an arms convention empty freight car to matchwood. would be harmful to the cause at’ Damage was estimated at $100,000. this time in view oi Germany's‘ There was no loss of life. The withdrawal, caused a sensation in crews of the trains two engines ea- the Steering Committee. He added caped almost miraculously as the Italy reserved the right to be caravan of 60 cars, nine of them em- merely an observer at this jilllC‘ pty, stopped with a. tcrrlficjolt/Fhc turc, though to show their solider-I train was a regular Canadian Paci- ity with the other powers theylfic freight from Montreal to Saint would continue in the Steering John.

Committee.

'M’tl. ~Hunting Pair Missing

Fran ce Awaits N ex t Mo v e By

Nazi Leader (Canadian Press)

MONTREAL, Nov. 12.—F0iil'5 were, PARIS, Nov. l2.—lA.P.)—i~‘rancc expressed tonight for the safety oi awaits the iicxt move to be made David Harry and Harold Cavc- by Adolf Hitler. now that heisback- Brown-Cave by friends who found rd by thc huge vote of confidence their hunting canoe frozen into the registered today. ice of Lake Marie, in the vicinity‘ A formal denunciation of ihe Ver- of Val David, in the Laurrntian ,‘ suilles Treaty is feared, with a sim- Mountains. ‘llltaneoits refusal by 6011111111)’ to

The liuntsmen, both Molitrc-aler.~z,oliey the lrelitys military clauses. left here last Tuesday for B, week's; The tremendous majority Hitler re- sport in the little hobltated lTglnlllCtflVed stirred no surprise. 1t had of the southwest of the St. Agatllr long been discounted in the French Highway. Their immediate dcstlll- areas. whlvh stressed 11w Wmlllete atlon had been Mr. Barry's camp at ,‘ control hl-ld by the N11115- the lower end of Lake Mai-la whorl‘; The Government is expected to it narrows to g0 into the next of,‘ make its attitude clear on Tuesday the series of lakes which form ,l wilen the debates on foreign affairs

chain extending some miles. j will be resumed.

Central Bank in Canada is recom- be essential in order to provide an 111911<1ed b)’ s. 1118101")! of the Royal international gold standard with the Commission on Banking and Cur-‘neeessary mechanism for satisfac- rency. ‘This is the main conclusion‘ tory working. that independent Cen- of a hundred P888 report. It is oon- tral Banks, with the requisite pow- cllrrcd in by the chairman (Lord. ers and freedom to cany out an MacMillan), Sir Charles Addis and’ gpptopflate currency and credit p01- lion. J. E. Brownlee; while Sir icy, should be created in such de- Tliomas White and Mr. Beaudry Le- vcloped countries as have not at man dissent from this major reecm- present, an adequate Central Bank-I niendatlon. lng institution."

The second‘ recommendation, Upon the important question of‘ which is unanimous, is for the est- the sphere of influence of central ablishment of some new organlza- ' bgnking policy upon the level of tion for the extension of intermed- _ prices, the report goes on to say: late and short term agricultural ere-l "A Central Bank cannot be ex- dit, the specific form of this orgam‘ pected to influence directly thel ization to be the subject of further investigation.

A majority of the commissioners‘

price of a particular commodity. It, is even not desirable that s. Central Barlk should be specifically charged advise the abolition of the statutory ' with any responsibility for the geii- maxlmum interest rate of seven per-I 91's,] price level of a country, There ceni- The report 6150 makes H nllm~ 1 are many factors, of varying natural ber of suggestions as to ways in which combine to influence that which the ball-ks misht modify their level, and. a Central Bank, working practices of their own and their cus- as l; does purely in the monetaryl tomers‘ interests. It advises the= sphere, cannot be expected to have‘ banks to meet. where possible. the complete control, though it may 69111111111 1111‘ 51X t0 12 1111mm? 11811-1 well have e. measure of influence. cultural credit, to consider the abol- 11 1|; gflgmvflgd to exercigg any dfag- lll0n 0i Cflllfivlillfl CPNZPS 11nd @119 tic control it would have to wielgll introduction of general par privli-Z power; f" bgyond uwgg which any 0895 011 611801185. I0 019111 0111i’ 111 the; body other than the sovereign auth- 1118119“ Erflde 01 1111/95111191115» 511d’ ority would be entitled to exercise." to make their boards of directors ~11; is manifest, however, that the more representative of the various! regulation of the volume m’ credit is economic interests and areas of the an jmportanl, mctqr in influencing country. the level of economic activity and

jluullnlllln ll yin

0R Milillli

The schooner Victor W. '1 W

Irons, owned by Captain Dan Isr-

gu50n of Hampton, foundered of! the mouth of the harbor about I dclock Friday eveulris- ‘I'M M11011"- rr was loaded with 50 tons 0f coal

from Little Bran d'Or. She sprulfl I a, leak Iltriday about two pm. lid

although pumps kept WWUBI they could not keel? 110ml l" water. In attempting in make flit harbour, she founder-ed in 8130M three fathoms of water about tliiee-‘quariers of a. mile south a Blockhouse Point. about three miles from the whnrves

The captain and the other mem- ber of the crew put off in a. don and rowed into Charlottetown.

It is more than likely that ihe ‘reuse! uiid cargo will be a total loss as salvage operations are not cori- sidcred advisable. The vessel was not klsured, but, the coal had been insured for an unaocertoinnlfie amount.

Investigations will be canted m this afternoon so fitlid. out whethel

In several places in the report high praise_ls_accorded.to the. Qan- adian banking system. "It has been manifest," it is stated. “that in so far as the ordinary functions of banking are concerned, the Canad- ian banks give admirable evidence of security, efliciency and conveni- ence. In a time of universal econo- mic difflculty, the Canadian banks have stood firm and have continued to render to the people of the Do- , minlon the same high quality and the same wide variety of services u in the past."

The Central Bunk

Among thc chief arguments pre- sented by the majority of the com- missioners in favor of the immedi- ate establishment of a central bank, is the lack o! a single banking auth- ority in Canada responsible for reg- ulating thc volume of credit and currency, for maintaining the exter- nal stability of the country's cur- rency, and for providing impartial and expert advice to the government of the day on matters of financial policy. To meet such iiccds cen- tral banks have been established in the great majority of countries.

1t was in order to meet those needs that three international con- ferences since the war have recurri- mendecl that where there is no Cen- tral Bank one should be established. the wording of the resolution of the World Monetary and Economic Con- ference of 1933, to which Canada

ornotthcvesmlkamcnacnh navigation. A buoy will be moped over the spot where she went down On Saturday morning the C. G. S. Brant located the sultan schooner, ihe masts of whmh an above water. It was found that the craft in its present location would not endanger shipping, as dig g- somc distance from the char-mg,

therefore of prices and this is one _of the..cardina1 tasks of g, Central Bank. In the absence of a Central Bank it is a task the fulfilment of which is either left lo chance, or performed inadequately by other agencies. The regulation of thc quantity of credit is effected by the action of the Central Bank on the reserves of the commercial banks. By increasing or diminishing these reserves or by increasing the cost of securing them, there is set in mo- tion s, process of expansion or con-

traction through the ordinary chan- nels of banking. A central bank is

tzhus not a competitor with the com- l merclal banks. Its functions are} regulatory and indirect."

The Central Bank, it is pointed out, is also of major importance in 1 the control over the external value‘ of the monetary unit. “This fulle- tion," it says, “is a logical outcome of that of credit regulation. What- ever additional influences may af- fect the level of the exchanges, such as short term capital movements,‘ external borrowings and indebted- ness, and the lnoome from overseas‘ investments, the long term factor of decisive importance is the credit structure of the country, and no’ modem state can afford to dispense with the most effective controlling instruments."