~— PAGE FOUR THE BIIABLOTTETOVIII GUARDIAN , m a. nu. la-r. ViaQ-Prclllnllt, J. n. Baum. I-I-l “MPW Segga-nrr-Lleutt-Ctlrla.‘ D- A. lnclllnnel, D. l. 0. 14110: and Managing Dirac tor-J. B. Burnett, I‘. J. L Aaaochne rlrilhara- l-‘ralk Wnlker ind D. l. Curl; u d er ea in adrenal) Q W" ' Iorfiflpce-ylgnruazanfiiifinalan-I) IE ‘lfdpln and United Staten ADVERTISING ll PIGEBENTATIVEB nan-an STATED-Tic BeokwIt-h Ila-rial Auaq In. N" "Pi Q":- IIOTES BY THE WAY n ia a rlty. am "II mil-II Journal, that 191d"! W110 ought to be able to understand what a budget means, and also the fundamentals of the country's fin- IIle Session At Ottawa A series of articles dealing with the business of the recently prorogued session of the Domin- (Montreal amt") Once again the mylwm“! ‘m! mighty House of Morxan is item!" ing, as 1t stood 2o years aso. M10" a Congressional enquiry at Wuh- mgwn my,“ judgment of the E. R. meow Fire, Life, Accident, Sickness ggaefs-nep» -_-...- _ r a Cit , r m: rs . Intro!!- anclal position. Perm“ WWW" _ world at large says a writer in the 5313555°"-'~"-"75' "73- “i"""""' “"7 ”“"""“.'..§"'°§5?'£if.'"‘..‘3l'§1'1f a a. carried away by untninkln! a. 1...... W-Bnfemlll). ‘°" ""“""°“" wmalm avém. ma... m. and Plate Glass Insurance h", Allanlag llnnnduock Building, II n Francisco; i-‘lalladelllhla. WEDNESDAY, JUNE II. 1983- ., WAR DEBTS AGAIN 1y, was an awkward coincidence that the opening of the World Eco- ggznlc g ference and the install- ment date for another batch of war debt payments should fall within the same week. The Unlltd 5W“! delegates at the Conference have taken umbarge at the fact that the British Prime Minister made refer- ence to the necessity of dealing with war debts without delay, but this necessity is patent to all the debtor ptions. Recent despatches indicate that Britain had tentatively offered to pay the United states 10 per cent cl the $75,950,000 interest due on Thursday, but that this proposal was rejected by the Washington Government. As indicated in to- day's despatches, e. further proposal has been made, details of which have not been announced, but which seems to. have met with a better re- ception at Washington. The refusal of the United States w discuss war debts even inform- ally at the Economic Conference. could only have been construed as an attempt to remove, for months to some, the most formidable obstruc- tion to the programme the Confer- encc has in view for the restoration of international trade. There are, however, other obstacles. Germany's B0 per cent moratorium on her foreign indebtednes, proclaimed just ‘as she was entering a world con- clave designed to deal with that precise kind of question, looks al- most like an attempt to wreck the Conference before it had been well- launched. And Japan's throat of tariff retaliation against Brltain,— a curiously belated reaction to Empire pacts now almost a year old-suggests that Tokio is as ready to bait the World Con- ference in the realm of economies, as it was to defy the League of Nations in the field oi territorial conquest. It is to be hoped, comments an exchange, that thcse events, om- inous as they appear, will not dis- courage those Conference leaders who are animated with the deter- mination to explore every discern- ible avenue to commercial revival and the worlds economic restora- tion. The Conference can accom- plish much to the purpose even un- der these hampering handicaps. Gold distribution, the wider use of silver as currency, the stabilization of exchange, control of wheat pro- duction, may be dealt with along broad lines through international convention while the biggest ques- tion of all, that of recasting the colossal war debt structure, re- mains in abeyahce. After all, the United States is and will remain the greatest sufferer from the war debts till their inevitable cancella- tion. If Japan prefers to hold aloof from the other nations at London I as she did at Geneva, there is noth- ing to prevent the rcst of the com- mercial world from reaching a tariff accord and leaving her out. 0nd if Germany persists in becom- ing a defaulter with respect to every forcign debt she contracted prior to 193i, she will simply there- by elect to become a bankrupt in- rtead of a negotiator for her na- donal solvency. TRADE WITH U. S. {tolerance to the prospects for some reciprocal trade agreement between Canada and the United States was made in the report of the Maritime division submitted at the recent annual meeting of the Canadian Manufacturers Associa- ' tion. The situation in this connec- tion is unchanged since the tariff conversations between Premier Bennett and President Roosevelt at Washington, and is likely to remain lo until the World Economic Con- ference concludes. The reason for the fact that no bargain was con- cluded’ at Washington is fully ex- issue o! MacLeana Magazine. from which we quote: “The reason was not disagree- ment over principles or details, but simply that m. Roosevelt-as he explained quite frankly-was not in a position to make a treaty or agreement without first getting authority from Congress. But Mr. Roosevelt made it clear that he wanted an agreement, indicated what the United States would give and what it would expect in return, expressed his determination to get tariffs down some way. "Mr. Bennett was equally frank. He impressed upon Mr. Roosevelt that Canada could not accept an agreement without a guarantee of reasonable permanency, but, pend- ing the President's ability to give such s guarantee or even a. reas- onable substitute for it, was willing and prepared to discuss details. His proposals, in substance, were: “Tjhat Canadian cattle, lumber, copper, fish, also certain dairy products, should enter the United State either duty free or with con- siderably reduced duties; Canada, in return, making the following con- cessions: “l. Repeal of the exchange dump duty. arbitrary values and other order-in-council tariffs. “2. Special concessions on chem- icals, machinery, some forms of iron and steel and some electrical apparatus. "3. Extension to the United states of Canada's intermediate tariff. “from this classification Mr. public criticism. commit themselves t0 statements which, éXl-IQIIIEIY yo“; ‘pd general, add to the country's unrest, make for public confusion. ‘rhere was no way 1111401‘ Heaven by which the present Gov- ernment could have balanced the Budget without resort to tamtlon. There is no way now. No way 9X- cept by an indiscriminate campaign of cutting which would cripple and destroy, the public service, sabotage the machinery of government, lower and weaken the morale 0f the entire country. Fortunately, _ any racial pblhlfllll we have in Canada are not of a very serious nature. As between Canad- ians of British origin and those of French or, other extraction, ours has become pretty much a settled policy of “live and let live." It is true that on occasions men have been so carried away by political enthusiasm: as to see “menaces” in this and that touching our inter- racial relations, but frequently they cool off and forget about it all once the electoral battle has been won or lost. There are splendid rela- tions, ln the main. between English- speaklg and French-speaking Can- ada, and the greater our achieve- ments in this regard the greater should be our resolve to make this relationship for all time. Mayor O'Brien of NewYork pro- poses to raise thirty million dollars‘ of new revenue by a tax on all motor vehicles registered in the city equal to the tax collected by the state and for all cars not licensed by the city, tolls of l0 cents will be charged for crossing Harlem River bridges and 25 cents for crossing the East River. Every taxicab ride will be taxed five cents. Bennett extracted a list of some fifty commodities, some of them of considerabe importance, pointing out ll addition that there were‘ some 700 tariff items not aflected by the Ottawa (Imperial conference) treaties, upon which he was free and willing to bargain. “Mr. Roosevelt, of course, was not prepared immediately to accept this offer. But neither did he reject n. What‘ he did, actually, was to suggest that Mr. Bennett's list of concessions be lengthened, by the addition of fresh fruit and veget- ables, automobiles and parts, agri- cultural implements and coal." There the negotiations stand. They will stand that way for ex- amination by ofhcials of both count- ries, until the return of Mr. Ben- nett from the Economic Conference. "One thing," adds the writer in MlcLcans, "is sure. It is that there will be no weakening on the part of Premier Bennett. If President Roosevelt is in a position to see the thin! IhFOIIBh. Mr. Bennett will see it through with him." N. S. ELECTIONS No date hasy/etjbgn fixed for the Nova Scotia provincial elections and as thirty-five days must elapse after dissolution of the Legislature polling is not likely to lake place until near the end of July or early in August. Possibly the date to be set will come between the last of haying and the beginning of the harvest, since these are busy times in rural sections. In the nteantime both parties are active and candi- dates have been nominated in many of the constituencies. The new Legislature will consist of but thirty members, according t0 the redistribution measure passed last year. This measure reduces the members to be returned from several countries from two, as here- tofore, to one. The -- untles so af- fected are Antigonish, Digby, Guys- boro, Invernesa, Queens, Hants, Victoria, Richmond, Kings and An- napolis. Of the larger counties Cum- berland and Plctou will have but two members in future, instead of three and Halifax is divided into ridings each with one member, where formerly the electors in all parts of the constituency were privileged to vote collectively. Only one meniwer of the lvffltflt Legislature has signified definitely that he will retire but the reduc- tion in the number of members to At a White House condercncc at Washington Congressional leaders were told by Budget Director Doug- las that more than 1,400,000 have returned to work since March 4 and there are indications of a (iffinite revival in industry. Since the stock market. crash, new life insurance in Canada has increased by 9,250,000,000. The in- suranoe department's latest figures for the past three years disclose that. In the same time, $2,000,000 of in- surance lapsed or was surrendered. These were mainly policies of per- sons unable to pay the heavy pre- mium. Insurance now in force totals $500,000,000 in Canada. No one can doubt that the prea- ent Viceroy of India is a real friend to true Indian nationalism. I-t is not that he regards it as a move- ment to which concesions must be made, because it is there and is growing but which is regrettable in itself. On the contrary, like many other Englishmen, he evidently re- gards it as a fine thing in itself, which Britain can bc proud that she has had a share in producing. It is the weakness, not the strength, of Indian nationalism, which such Englishmen deplore. To love a common Motherland, to wish it to be great and prosperous, united inter- nally, ut peace with other countries, admired and respected abroad, and administering its own affairs, these are surely true thoughts for every Indian, and. these arc thoughts which self-respecting Englishmen would wish to see grow in the youth of a country for which history has given them such a strange respon- sibility. Given a. recognition of that spirit on both sides, evcn the poorest constitution would work. Youth la not in revolt, but in quest of knowledge and truth, and if the route is sometimes confused and disconcerting it is because of lac-k of guidance. The young, in search of leadership, have turned to their parents only to find that too frequently the men and women of the passing generation are either lacking in interest or engrossed in their own work or pleasure, or make poor leaders because they do not understand and are not in sym- pathy. There la a queer note of pathos in the appeal made by a Nicaragua man to thieves who had stripped him of all his poor belongings: "If the thieves steal from the poor, these will have tc become thieves also, and the latter’; business will be mined in the end." Self-interest rather than conscience may induce the rowers to take such a hint. From [onion cornea a story that] ""51; the rugged honesty of what il commonly described as the Eng- llsh middle class. owing to mech- be returned will necessitate the anieal t. ubleq, a picture theatre planed m p article in the curmnt retllfllltiit of otnenlqaota %|(wal_unl01ll__4i>_VI°>@__"___t§'_ He?! VALUE 0F THE HOT TUB BATH I sometimes think that in these days of the convenient shower bath the old tub bath is not being used as much as it should be. That the shower bath is conven- ient and cleanses the body must be admitted but the tub hath does much more than clean the skin. Your physician will tell you that the skin is not Just a covering for the body, a sort of bag in which the body is held, but an important organ of the body. i The liver u the heaviest and largest organ in the body and holds about one-quarter of your blood in it all the time. This blood is get- ting cleansed, is helping to manu- facture bile and to stor esugar in the liver. Yet the skin, when nec- essary can hold more than one-half of all the blood of the body. This then is the value of the hot tub bath. when you have the water real hot the blood comes to the surface of the skin and as the hot water opens the blood vessels much wider than normal the skin is thus able to hold that much more blood. There- fore with this extra blood in the skin the brain relaxes, the whole muscular system relaxes, and the waste matter from tiredness 0r fa- tigue is carried out of the system because of the widening or enlarg- ing of the blood vessels of the skin. This is why athletes like the hot bath: it removes as much waste or fatigue products from the skin in a few minutes as three or four hours of rest. As you know any little scratch or cut on the skin immed- iately bleeds, because there are so many blood vessels near the sur- face. » The first thought in mental in- stitutions when a patient becomes‘ unruly, is to place him in a hot bath where the mental and muscu- lar tension is relaxed and he soon rests or sleeps quietly. Dr. W. S. Copeman, London, England, treated a series of forty- four cases of St. Vitus Dance (chorea) in children under 15 by means of a prolonged stay in hot baths, followed by light assage. The patients were placed in the baths for one to one and a half hours in the morning and again in the afternoon. The results were better than those obtained by the use of drugs. If. then hot baths enlarge the blood vessels in the skin thus get- ting rid of the wastes caused by work or exercise, and relax the entire body-mental and physical- it would be only good sense to use the hot/‘bath when we are tired mentally and physically. flow BONNET (From “Sidera") 0ft have I mused, but now at length I find, " _ Why those that die, men say they db depart: Depart! a word no gentle to my mind, Weakly did seem to paint Death's ugly dart, But now the stars, with their strange course, do bind Me on to leave, with whom 1 leave my heart; I hear a cry or aplrlls mm and blind “m Parting thus, my chiefest part I part, Part of my life. the loathed part 0o me, Live! 9° lmilflrt my weary clay some breath; But that good part wherein all com. forts be, N°W field. doth shew departure ls a death; Yea, worse than death; death part3 both woe and joy, Fm"! 10y I part, still _ living in annoy. -Sir Philip Sidney. hour with its entertainment. Fin- ally the management was obliged to announce that patrons would be refunded their money at the box omce. There ,wcre many differently priced seats in the house, nearly all occupied, and there arose the problem as to the variety of claims for remuneration that would be made. All the manager could do was announce that he would take the word of every membe of the audience as to the price of the seat he occupied; put thcm on their honor. And this was the gratifying result: When all the admission fees had been returned there was g perfect. balance as bctwron receipts and the money paid out. XVI JUDGES A01‘ TheHouse Pissed and the 5H1!" rejected an Act to amend the Judges Act. This Act awvldfl m‘ tbs salary of any JudBQ 0! lily 3"?‘ ericr Court of any 7mm“ m Om‘ m, o.» the Yukon derrltvry. Wh° has continued in omce after at- taining the age of seventy-five years. shall hereafter be U16 amount which the Judge would MW (been entitled to receive by "By 0! a, Retiring Annuity 1! he had u‘ signed his oflice on the day he at- tained ihe age of seventy-five years. o;- on the first day of September, 1933, whichever date is later. 91'0- vided. however, that this 0111011111: shall be reduced by any amount which may be payable to the Judge by any Provincial Government by way of additional remuneration, or otherwise. The Act further provided that if the Judge has held office for less this Act shall in this case be post- poned until he has continued in oflice for fifteen years. HUDSON BAY RAILWAY It was revealed from a stat-Emmi by the Minister of Railways that fifty-four millions have been spent- on the lludon Bay Railway all told, the railway, terminals and the ele- vator. Included in this is the amount of some six and a quaretr millions sunk at Nelson once it was found desirable to switch over from there to Churchill. LIQUOR EXPORT The House of- Commons voted against the repeal of the law, which, in 1930, stopped the promis- cuous conveyanee of beer and hard stuff from the Windsor and Walk- ervllle docks across the Detroit River to the receptive shores of Michigan. Premier Bennett said the repeal would be a. breach of good faith, good neighborllness iind in- ternational law “to aid, abet and succor a breach of a friendly nat- ion's import law." ALCOHOL PENALTIEJ A Government bill passed this Session named a fine of t/wo hund- red dollars or three months in gaol as the minimum penalty for distill- ing alcohol without a license. ANTHRACTTE COAL Analyzing the trend of Canada's trade, Hon. H. H. Stevens, Minister of Trade and Commerce, declared it‘ to be definitely toward the Brit- ish Empire and away from the United States. Quoting figures to support this assertion, Mr. Stevens said that in 192B Canada imported from the United States 3,200,000 tons of anthracite. In 1932 the figure had dropped by almost half. to 1,700,000 tons. In 1928, he said, Canada's imports of anthracite from the Un- ited Kingdom amounted to only five hundred thousand tons. But in 1032 they had risen to 1,400,000 tons. "1 question whether a, single ton of this coal would have come from Great Britain if we had admitted Russian coal," hesaid. "It is my caerfully considered opinion that if W9 09011 the doors to the importa- tion of Russian coal into Canada, that we can say good-bye go the welsh coal from the United Klng_ dom." APPLE PREFERENCE Conservative members of Parlia- ment representing apple-producing districts in British Columbia, on. ‘"h- QUEBW. New Brunsick and NOVB. 800th. urged that apples and other fresh fruits be included m the commodities for which the agricu]- tural stabilization fund will opgf- ate. The explanation Riven m official circles for leaving apples out of the group of commodities in whlgh the Bsflcultural stabilization fund wm absorb some of the sterling ex. “"189 M"! will the large measure °f Protection Canadian apples m- Joy in the markets of the united Klflsdom. Canadian apples enter u" U019"! Kiflldcm free, wheres; 10111811 apples meet a tariff of about one dollar a barrel, or about forty five cents a box. Producers of thirteen mher can- adian products asked to h“, me“. commodities included in the m; NO WAR DEBTS The Dominion owes nothing on war accmmt to any other nattm, its debt is almost entirely to its cwn people. , _ (‘lb Be. Oontinlgedy _‘ o, '1 <1».,-»,-r.~laaalia than fifteen years. the operation of, House is regarded as one of the greatest private institutions m the world. synoavmws ""41 money and the power that aw with it, there are those who say that it has dominated American finance for nearly '10 years. To the tourist stroilin! thwuah the narrow canyon of New York's Wall Street, the headquarters of the House of Morgan is a squat, severely-plain building set into the corner of Broad and Wall Streets. directly across from the sub-treas- ury and within a stone's throw of the Stock Exchange. Towering buildings overhang it on all aides. , The plain, massive door-lintel .bears no inscription. Letters com- !ing from that office bear no legend but "23 Wail street." In the finan- cial section it is known simply as “The Comer." Faint traces may still be seen on this stone front of the bomb explosion by which in 1920 a fanatic tried to destroy it. . To the business visitor, the in- terlor is equally strange. ‘Ihere is a large room on the main floor. Ranged in rows, suggesting a school room, are the desks of the 20 Mor- gan partners. Little is seen of the nearly 1,000 employees of the firm. Most of them are in an adjoining» building. At the far end of the room on the ,slde facing Broad street, behind a llow glass partition is the desk of lJ. P. Morgan. An open flrc burns on the hearth; an oil portrait of the elder J. P. Morgan looks down. There are conference rooms on. the floor above, but most of the confer- .rl'ng is done simply by stepping from one desk to another. There is lseldom so much as a sacretary in ‘evidence, and never the slightest [sign of confusion. Though these 'Morgan partners work at a pace that has killed many of them pre- maturcly, there is Xlosign of activ. lty here beyond that of any quiet, well-run banking room. To the student of organization, the House of Morgan offers an in- teresting problem. Its precise or- ganization is unknown. for it is a Private partnership, unincorporated Though in some respects it is one of the greatest banks in the world, it is not a bank at all under New York state law. The relations be- tween the partners and the feign- lfl! Morsan is a. contractual one which may (and does) differ with each partner. No reports ever are made of the 3""?! fwllditlfln: reserves, resources and deposits are unknown. Records of meetings of the partners are not kept. A partnership, however, is said to be worth a million a. year, to some five millions, and so on. Morgan is the sole arbiter of all disputes. At present there are something like twenty partners. J. P. Morgan-head of the House -whose revelations are shaking up things across the bordeF-has long been known as "the moat undcmn. cratlc man in the world." The pri- V891’ with which he invests his every act is a fundamental part of the man, bred into him from the cradle and not to be dropped easily, Morgan was born in Irvlngton, N. Y., on September '1, 1867. The only son of a. rich man, he wag trained from birth for the position he Wfluld some day occupy. In 1913, the elder Morgan died, leaving u; the son the direction or the flrm‘s vast enterprises. A naticn-wide- agitation arose against "interlocking dlrectorates," long maintained by_ J. P. Morgan, Br- The younger Morgan's first 1m. i Max Factor Society _ Beauty Aids Created by Mu Photof- Hollywoorfl make-up genllll who for many ycara has been chief coametlclan to the screen and stale M11155"!!!- Max Factor preparations are in a large way naponsible for the splendid complexion of the celebrities. Some of our lines include: FACE POWDER, ‘ FOUNDATION CREAM SKIN AND TISSUE ORE \M LEMON CREAM ROUGE AND LIPSTICK These preparations are made from the purest In- gredients, in correct color harmony shades to blend with Individual complexion coloring, and la delicately perfumed to please the moat Iaatlafous taste. Vlalt a. store and m urn new line of Toilet prepara- tlena. rut 2 uses "err,~.-v~-~.~_ , " ' ' ' t» 146 Richmond St., i‘ i v. pertaut step as president of the partners, from the directing boards of more than thirty corporations. The younger Morgan could hardly have ascended to power at a more trying time. He was hardly settled in his chair at 23 Wall Street when the World War broke out. In January of 1015 the Morgan house became the purchasing agents of the British and French Govern- ments, at a commission of one per cent. To realize the size of the job that implies, one must stop and think of the staggering size of the purchases made in America during’ the war by Britain and France. Everything those governments boughtFmunitions, food, material was bought by the house o! Morgan. Billions o! dollars were spent. No bank in history had ever handled so great a transaction. Then there were mighty loans. In the second year of the war Morgan floated ti‘ largest loan ever issued up to that time; $500,000,000 to N- plenish the chest. To float this loan he had to at Lowest Rate. Agent at Summerside, Lloyd Lewis organise a syndicate of 2,200 banh, company was to withdraw, with his ‘ Anglo-French war huge head 2nd calm manner; l"; Charlottetown i“ a; By April of 181'! he had arm“, ed British and French loans to 0,, tune of $l.500,000.000. And then m, United States entered the war. This increased the amount of fin. aneing the Morgan House had a, do. Between 1017 and 1026 Mcigm and Co. loaned $1,170,000.000 m n countries. l Morgan's luxurious private yacht, Corsair, valued at ‘$250,000, has m, ried him up and down much o] Europe's coastline, and he has apem much time abroad. He is a familial- figure on the Riviera and spend; much time in England. He um several estates (homes) Illfiltldlng the picturesque country seat known as Alderham Abbey; Hertsfor shire, England; also Gannoehb Lodge, Scotland. On two ' assassins have attempted to take the life of M0,. gun. In physical appearance, Morgan is almost the counterpart of 111;, rather, the same masive physique, imperious, if anything. 9997-6-8-1wk. YOUR CAR START RIGHT OR IS IT SLUGGISH ? Maybe It's the Battery. Maybe It’s the Carburetor. Maybe It’s the Spark Plugs. Maybe It’s the Ignition. Maybe It's the Valves. Maybe It's the Wiring, Starter or Something NEVER MIND “MAYBE” TRY AN ENGINE TUNE UP and save GASOLINE AND TROUBLE PALMER ELECTRIC 1.72). else. fiflfifi-‘iilfih “BLACK A better tobacco and a better cure-that accounts for the popularity of our CHEWING? lucxrye NICI-IOlSON. " Iwnsr sodas up to the standard. Excellent Soda Fountain Servic__ At 771a Central Drugstore Our Soda Fountain u u. excellent running can. m" being thoroughly overhauled, and we feel we are in l» WI!" tlon to uphold our reputation for serving the name 9011'" coda drinks u in previous years. We carbonate our own soda water andknew that ll ll absolutely right — at all than. r Nothing but ihemureat of fruit cynrvl are used and the highest quality of cream and ice cream all serve to l!!! "i" We also serve all kinda of milk drinks-Ice Cream l!" crushed fruite-Oeca-Oela-Iteet Beer, all‘ Try ear fountain service whoa thirsty. ,, E. . FUSTER-llentral llrugstorl cflfi