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ONLY

THliRSDAY

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FINAL TODAY 2.3 J O H N G A

[W0 DAYS

TODAY and

IN “ BLACKWELUS

IILUS MUSIC-AL — SPORT -- SNAPSHOTS THE CAPITOL -— THURS. — l-‘Bl. — SAT.

ADDED. . . . CRIME DOES AND PETE

DAILY 2.

o—7—3.45 P. M. RFIE L D

ISLAND "

I IIIDEII ‘HIE l|G-T0|’i

‘ ._lilHil WAYNE HIV Elllllllfillg‘ ‘ MIX IHIIIIIII

T|ll|RS.—FR|.—SAT.

UNITED THEY STAND . . .

United They Falll

THE FUN-LOVlN' FAST- SHO0TlN' 3 MESQUITEEES

MAKE C AMP WITH A BROKEN DOWN CIRCUS

ADDED

Lone Ranger.

CHAP. 8

CARTOON

BUSTED KEATON

On PRINCE EDWARD STAGE

FRI. — SAT. —

- 'v'.:v-

1. ‘v I 3. \

A. ' 1‘ / ‘‘‘£::»: . I . ax “4 5%,, "non MESSEli'S BAGKWDDDS 5" MUSICIANS . SINGERS . FUNSTERS

AUG. 25 - 26

In Addition to Feature Picture Programme

Spinning and Weaving

Send me your wool to be spun into has and woven Into blankets. The slur ea are: 23 cents ior single nrn. dosh d 3 cents per pound. B nir- ets I0 laundered; and ii‘ un-

pounds of wool per

TO CLEAN sori.a'b‘6rt aittliifrr

rm

Find I piece oi board (the kitchen table will do. ii you haven't. a board) and took the rug to it with drawing-pins, stretching it out tightly.

Prepare some really soapy. hot water and add 5 dessertspooniul oi borer: and a tcaapooniul or salt to it. Rub the soapy water into the rug with your lingers. delving deeply into tho thick pile and rub- bing it really hard.

When you think it is really clean, rinse it in clear. lukewarm water.-smoothing it with a rag- Dry as much of the surplus dump oittheruguyoucsnwithodry cloth and put the board or the table. with the rug still stretched on ltginto the mm to dry. Go out every‘ hour or .so and rub it hard with your hands. and don't untsck it until it is almost dry. Then eqllhnt it our the‘ clothes line to air.

a

fllotlill

PRINCE E

uouifiiiurnv ""““

PARADE NOT PAY. SNIITH

30 9

D”vv“§iR

7

IN PERSON ON THE STAGE CHARLEY CHAMBERLAIN The singing Lumberjack And

JIGGS WATSON Master of Hilarity

AT THE rd

Prince dwa FRI. and SAT. AUG. 25-26

“DON NIESSERRS BACKWOODS 5"

Bob Montgomery And Rosalind Russell At Prince Edward

Robert Montgomery and Rosalind Russell scamper through one of the most hilarious mystery comedies of the year in "Fast and which opens today at the Prince Edward Theatre.

Montgomery plays the role of Joel - Sloane, young and happy-so-lucky rare hock dealer who constantly finds himself entangled in one mys- tery or another. and Miss Russell

ortrays his wife, Gerda, who shares 11 all his thrills and adventures.

Sloane is assigned to locate and purchase a most rare volume for one of his clients. Christopehr Oates. The quest find: him and Gerda as week-enc1+zuests at the estate oi’ Nicholas orrent, wealthy blblio phile. Sloands entrance into the search arouses the displeasure oi numerous persoi-is-Torrent’s

librarian. Wilkes; Chai-ton; and a 0

FY).

when Sloane proves that the bock was found in the Torrent house, Charlton is round slugged and unconsc ous. Torrent and Wilkes are stubsequentl murdered. The gambler becomes in rested and holds 8loe.ne‘s wire captive to com- nel him to drop the investigation. However, Gerda is rescued and investigation continues. Sloane nu- nlly locates the ori al volume, but the man who del vered it to the Sloane mansion also 3 mysteriously kiued’.ded'Il%e' efiluton to the orlrnu um-a on om , pr-esen one of the most. del htfii-Imyntefles to reach the screen.

The excellent supporting cast in- cludes Reginald Owen Ralmi Mor-

BIHGINSAI I

I .

D

Georgetown

Mr, Charlie Le'I’e'In':I11el‘ employ‘ ed in the office oi’ the Brown Cor- poration, Quebec, has returned. after spending a week at tne’Mac- Donald Hotel. Though this is Mr. Ive(1‘einplier’s first visit to the Is- land. his pleasing manner and per- solnality have already won many irielnds.

Miss Eda MsLeod. Eimiottetown. is the guest. of the Hemplull family Burnt Point. Anna, Mair, matron oi the Edrw

Miss Prince 'n.rd Island Hospital is visiting relatives here.

Dr. Philip Doyle oi- Sour-is is vis- iting his parents Mr. and Mrs. Er- nest Doyle

Mr. and Mrs. Henry Simmons oi’

. issues cheques

PUBLIC sorwm

this column ll even he In ;dluuulen by oeneepoiuns el quutlolo at Ilteust. III Ohulottetowu 0, (.3 nor necessarily endorse _ opinion at eornlpellolllo ‘

MONETARY SYSTEM NEEDS CHANGING

ncld lilcxenna for or the Mid- und Chon- cellor oi tn during 1914-18 has been tel ll: that blanks c‘2c<lzate money every tints

ey 242 or purchase, yet poope fail to understand.

All the best authorities now agree about this since the Mine- Millen oommi accepted sir Reglnald McKenna's views.

Professor .1. Maynard Keynes suggests that £1,000.000,000 of notes can be created out of nothing and treated as if they were old. As a miattcr of fact Sir Roguald Mc- Kenria as Chancellor of Exch quer during the 1914-18 war issued £26(l.00D,000 oil ion shillings and one pound nous free of in- terest and free of taxation. It is really surprising how backward the nations are as regards the subject of money. Bankers have hood nked the world. £100,- 000,000 borrowed by the Govern. ment from the public means t.ran.=.fei' of public credit at the banks and makes no riliierenoe to the banks. But ii the Government ior say old age pensions free or interest and amortization iund on the credit oi the country and these cheques pass inmiigh the banks the banks are tciielited in that their de- posits are incrensed—whereas by me bond issue method they are not—-zilus giving them a basis to finance the increased production that wil. be brought about by the free of tax financing oi consump- Lion.

Montague Norman, Dirertor of the Bank of England states, “The principles of banking are dynamic and not static and will have to be developed and frequently modified." On page 34 of in report the British Oomm‘s- sloii or. finance and industry (1931) cf which Sir Reginald Mc- Kenna was a member says:-—

"'rne bulk of deposits arise out of the action oi the banks them- selves, for by grarzting loans. ni- lowinn money to be overdrewn or purchasing securities a bank creat- es 8 credit in its books. which is the equivalent of a deposit."

Mr. D A. Baker in his book “Cash and Credit" says: “This then is the important point thaat a loan by the bank to a customer increases the item deposits and that deposits therefore are not made up as they might seem merely oi idle balances and savings. bull 01 credits given by the banks."

Sir Reginald McKenna has said: "I am afraid the ordinary citizen will not like to be told that the banks can and do create and de-i stroy money. The amount oi| money in existence varies only with the action of the banks in increasing and decreasing the bank deposits and bank purchases. Every

e.

Oh‘town have spent the pest iow weeks with Mr. and Mrs. Nelson Hansen. Burnt Point.

Miss Bet.-h Ladrcu has rel/urned to her home at East Point. alter s a. few days with her cou- 5 Miss Eleanor Morrison.

Mr.Kenneth Fraser who for some time amisied the C._ N. R. station agent at Tignish. is visiting his parents Mr. and Mrs. Harry Fraser.

Among visitors to the Charlotte- town Exhibition were Mr. and Mrs. Nelson Hansen, Mrs. James skin- ner and Miss Eleanor Morrison.

Mrs. John Decoste has returned to Plctou. N. S. after spending some time with Mrs. Maurice Donavan.

Mir. Ed-win Holland, employed with the Bell Telephone company. Montreal, returned after spending some time here.

egarrie played be- anci single men of this ’I‘own on Sat/urday evening, was in ievor oi the former. The score was 16-13.

Mr. George Mc'Joi-rnack oi Ver- non River, me * ‘*“"'3f visit here. « .?

Mr and Mr_. 1-lead, Essex, Mess. are the guests or Mim Alice Compton.

W Mildred Donovan oi the Civil Service staff at Ottawa. re- turned aftrr srter-:'iri~ an enioya-ble holiday with her parents Mr. and Mrs. Maurice Donavan.

Mia. Elsie Mal-lat-2. Bcsotn. re- turned miter spending the greater patt of the summer at Morrisoin's

Mr,‘ Alexander Smith. Alliston. Mass, spent a few days here re- ca-mly.

51. . , ....cu Gherklns Cucumbers vinegar Syrup

2 quarts vinegar

2 tablespoons whole mixed pickle spices

4 cups sugar

Place small two—incli long cucum-

ehe bars in kettle, cover with vinegar

and bring to boiling point. Drain oil vinegar and- pack cucumbers into hot jars. Cover the cucum- bers to overflowing with syrup made as iollows: Boll 2 quarts of vinegar for 5 minutes with spices tied in a cheesec‘ot.h hag. Dis- card the spices and add sugar. Add soon as sugar is dissolved. Pour not

‘“"“' Ellen“ °'"“d°°" Am‘ mm’ ‘syrup over cucumbers and real in- lnilagtrmdo Ann Buyers and Join modnmm

A FINE. PAIR or-' FRIENDS You TURNED

TILLIE THE TOlLER’—-—— $_TOP,T|LL|E

loan or overdraft or bank pur- chase creates a deposit and every repayment of a loan. orverdmit or bank sale destroys a deposit", and later in the same address he said: “and those who control the credit of a nation direct the policy oi a governrnent and hold in their hands the destiny oi the le." Mr. R. G. Hawt.rey_ ass tent secretary of the British Treasury has sai:l:—“When a bank lends it creates irioney out of nothing." By calling of loans banks bring about deflation and industry stag- nates, as is the case at present. Inflation is it serious matter it carried too far but deflation is more disastrous. so long as banks are allowed to expand or to cor.- tract credit, almost at Will. by creating or cancelling make be- lleve deposits the system will re- main totally detective. leading to recurring booms and depressions. Professor .1. Maynard Keynes a short time ago summed u. one of the outstanding causes 0 depres. sions thus: "Credit is the Dave-

commiinlty can be loved to their full calpacltiyhfnwhen the (love;-ninent shall ve r tod its control of money there will be neither inflation nor deflation of money, The Government b expert interpretctlon of the static now accessible. as to the ratio between goods and services actually pro- duced and those consumed, and also as to the ratio between us- tional income and the cost of pro- duction could hold the amount of money available ior use to an amount necessary to rovide pur- chasing power suit em. to ex- chanlze and distribute all the goods and services produced and to main- tain the general level of prices on an expanding basis of trade."

Ever one will concede that it is qui as important that goods be consumed as that goods be pm- duced. otherwise there can be no possible object in mekln them.

The compelling pract__ce.l iaot which nowugonirionts us is‘ ‘met the declare no ana one - dgemi at this time oi industrial stagnation is the only way 0! pre- venting the continuance a e- vast:Itino deilaztion which. if al- low to continue will destroy our oapitarlifitfizou and meslb our c v a on.

In . 1932 Lord Melohei/t oi- iered a resolution in the House of lords as iollows:—'”I'iiiot since under our_ modern scienaliic con. dltlons mnductive capacity is un- limited and since the escstence oi indigence and. unemployment demonstrates the inn that the

ONE GOOD TURN DESERVES

TiLi.iE,LET oH.MAc I'VE BEEN us EXPLMN 1'ERi2iei.‘r

UNI’-‘AIR TO YOU

t mum

The standard is a. very use- ful possibly necessary device for fore trade.

But we should not nd " to interfere with the r favorable money 0 domestic trade. In this discussion no criticism of individual bankers is iiite-nded—rnost bankers are honest and able, but all bankers. as well as bad. are caught in e meshes oi a. system which would still be dangerous were all bankers good and unselfish men. We cannot look to bonkers ior s esiuons to weaken the system‘: conrol of credit, from which so much profit and power is derived. Plato sought the solution in a. government of well trained wis- dom. This view has been revived by Mr. and Mrs. Sidney Webb, who admire an oligarchy in which or is coniiiied to those who ve the vocation oi leadership. In the interval between Plato and the Webbs the world has tried military autoc-racy, thcocracy. hereditary monarchy, ollgarcliy. democracy and the rule of saints—— the last. after the inilure oi’ Crem- well’s experiment having been re- vived in our day by Lenin. Hitler, and Mussolini. All this so csis that our own problem has no yet been solved, To allfyolle who stud- ies history or liuuian nature it must be evident democracy, while not a complete solution, is an esseiitial part oi this solution. The national debt of Canada l1CC1l.l'll’i4'.£l7.€(l between 1867 and 1914 to 336 million dollars. In re- cent years it has jumped 336 mil- lion about every two years and is

era] debt 45;: billion dollars, Provincial 1.6 billion and mum. clpal 1.4 billion dollars. if Canada continues to issue interest bear- ing bonds on the general security of the country it can only end in barilrrupicy. because sooner than most of us realize the interest and amortization iund in this connec- tion wili exceed the taxable ca- pucity of the citizens.

Sir Arthur Seller 1‘; stated as io:ilows:—“I still lxlieve it is pos- sible to combine real initiative and real political freedom with an element of deliberate planning."

"Li nature and science were i‘o.i.l- ing us we might have no alter- native but to endure. But our dlificultics come only from defects in human organization and what man has made man can reform."

Sir Josiah Stamp has this to say:—"'I'here are two attitudes of mind tliai always meet anybody who is lecturing on the depression. If one devotes oneseli’ mainly to setting out the causes oi’ the crisis people lmcpatiently say:—Yes; but what we really want to know is. what is to be done?

"Ii, on the other hand. we de- vote our time to setting out a series 0! remedies and soluti-ms they are nearly always unaccept- able. People are so impatient of anything unpalatable that their minds are practically inhibited from accepting them outright."

The national income of the Can- adian people has since 1929 de- creased by about two billion rim. lars, consequently there could be considerable inflation before the nB.‘T7l01IlB.1llIlC0l’nE returned to the

eve

Sir Phillip Gibbs in his book “The Way of ELwipe" wrtter,:— “Tl‘iroiigh all the struggles and striving of the human race. all the blunderiiig and conilicis, all the stupidvities and failures, ideals live in simple and noble minds—«beicre and miter Socrates B/lid Plato-c.rid faith helped them through. only such faith again re-awakened and strengthened by new knowledge reacliliig out across the world. con- trolling the machines and instru- ments of power, distributing more fairly the fruits of toll, working for peace. can enable us to escape out of our present miuddled state."

“The depression has been just as hard on the middle class as on the workers and they are looking ior help and ready to join any- body who cen show them the way out—Iwhat we must have is a plan that appeals to working men, iamiers. doctors, lawyers, teachers. engineers. mechanics, in short to everybody who does useful work- Theg are interested in wages, E?) t and exchange oi goods. They

w we can produce plenty of wealth and they want to be shown how to get the mactrine started and the stream pf products flowing to those that need them. why is the machine stalling? The answer is because the people who do the work and produce the goods do not get the money to buy them, therefore the goods pile up and the inctories have to close down, then more people are thrown out of oniployment and there is less money to buy goods. That is what

called decression——The only possible remedy is production for use—No credilt position can be pro- enly considered without relation the method employed for is- suing capital and the working of

problem oi control over issues oi capital. especially watering of stock and holding companies, is due for searching examination, Selling of stock on margin and other evils must be gut a stop to."

During 1911'! deposi of the Corn-

ed by 350 million dollars and bank

ly loans to the public for productive

gurvposes decreased by 250 million ollars and loans to governm . Federal provincial and municipal increased by 550 million dollars. I! this kind oi finanoinz continues for limit it can only end in bank- Whlv? Because this im- method of financing is

=d_g_3xi___ inflation oi pion- ANOTHER

WOULDN"l' LISTEN TO ME-“NOW I WON'T L\STEN . . TO HIR~I’M

’~ GOING

now 7% billion dollars, viz Fed- Ho

our code of company law. Tlie[

meicial Banks of Canada inctreas-_ 1

..-ue..«-.. - —- I’ 1. 1 . -'5:

. vvv ‘ V AV P0 Ll. MEE'|'| HG NATIONAL CONSERVATIVE iissocmioy A meeting oi‘ the Conservative elector of

MT. HERBERT POLL

will be held in the Mt. Herbert H 1| - ‘ August 25th, at 8 p. m. for ¢ieap..3f,'of,,”‘ff’ ‘

appointing delegates to attend the Queens County Annual Meeting

W. T. COADY, ‘ Chairman,

L-190-8-212;’

liquidating kind in Rovemrnent is loaned the Bank d

iitbat

only I trans fer of private credit in the Banks tomteI1regonv;rrrm§zit's credit. on the 0 mi w an as is h . ins today the Buhks are luv” to the em; on the bug‘ oi’ epoeiie tgid the 01‘

but “wag out oi nothing

ends paid to them. most or the governments who ob. tain these loans are not providing adeilunte sinking funds ior the re- Payment oi’ these loans at matur- ity. Why? Because of the evils in our political system. An pol- itical party that raised iaxs. on for this llulipose would not remain in DOWCF ‘fiery long. In short the pub- “9 8-"9 being 1001911 by all political parties ii: order that they may ob- tain and retain political power, When the commercial Banks are not functioning propexl , 3. “ 1-,. sent, and there is a urge 11¢. n in sound demands for loans for productive pur sea at 3, 591;- liquldfltlllx nature t is the dot of the government to imue credig to the extent or the reduced is-edit caused by the stalling of the banks. But such credit should be issued tree oi interest and taxis. tion on the national credit, which, as has already been pointed out, belongs to all the citizens and nor. tovfithggw bank shareholdgis. . Tower, nag: Director oi the Oenti-Sal Bznk I5 Canada came boiore the oomiiriit. tee It statement by Dr. Bchacht in 11 Slleech made on the 29th Nov. 19§‘l%n\:'fi:l(:;leuoi.ed as follows:-— mianlfs emp oymem is wt mil . t ti, ..e.%...°.“..;’°.i;“.’t.. "§..§.°t2 “‘° ‘‘‘‘‘‘° men

k who benefit from the bank divic1_ Ifilrtbermoro

CONFLICT MUST in; 3,; 1'0 OBTAIN PEACE or

some months a middle-aged mang(i);tu;Iosp°u1:,5,T‘ his physician about his mm: tion .The attacks came on Sam. before meals, sometimgh 9-MT meals. and sometime, hf, way between meals. There WM P«W8l'8881Ve loss of weight Th“: were no definite 3y'tn'pt,om_, 0, mm or cancer but the pliyslciim .4. V1-Wd an Xray examination, Thu examination revealed no ulcer in C5300!‘ but a nervous fluttering a, quick succ vc movements oi tn. stomach walls due, in the opinion of the physician, to newomnm 01 emotional upsetmenir. Tne ms, was a domestic difficulty wmd, the patient was advised to get get, “Cd in "some" way, When the an. ‘itljcaulty was settled, the indigestion appeared. The subsequent historv of mu case is interesting in that since tin day he "settled" hi: problem there has been a gradual increase In weight and the patient Lg 3331,, consulting his physician about not to get rid of his excess iot. 1'. u not hard to understand now having 3 800d wpetite and belnlz able to rat at night free from worry will restore fat in and on the body.