HomeMy WebLinkAboutThe Goderich Signal-Star, 1940-01-18, Page 7TSU$$DAY, JAN.
SEVENTY
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1ht 11140 :.., ..
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AL ME
BANK QF CANADA.,
Unpfecedent�d, Btuiness Activity with D aximum Ztmployment Yore-
aeen• by`'b[oir rr. W _Wilson; PrMldent -anctiginaging Director
--; Bevi,epnc•g, $ au*d R�ilatioa toa1v 'er i FD0 Mora
Thi:,Any -Offer. ipirii _ ,io...Stirangthen Brit iu'a
Position. ,
•
•
•9 •`
Sydney G. Dobson, G eneraa'hf,axlager, Reveals Assets of Bulk Highest
in History. -- Con ued Progress Shown. - Foreign Exchange
• iontral-"W .
, A striking, comparLsen*, between fie e nfliet '11 prolonged.
Canada of 19'4 and today..with par-
ticulat reference to the important exon=
oinic contribution ,this, :country can
ko •to` the •allied cause were :features
the' addressiven' by -Mo -W.
Klleon,: President , and „Managing . Dir.
ecbdr. at the Seventyrlirst:4nnual.Meet
•L
,of The:Royal Bank of Canada..
Oaaada,;.,_ be 'said, is In i''position
• bo eohtr}bute aasiata:nce.ta the -_wasp In
-. traly,impreeaive ProPertiona;-to an el!
tent. in feet, 'that' may' decieivelrfurn
the aTanee if' - the" : other contending
tar' are anything.`like equal."
P. iOGRESg SINCE 1914 '
our,-paatr.erop, 'yields were again
•,abuadcit}t, the total” wheat crop for all,
Canada falling -but' little below halt,a
billion bushels.' Thus-the'Second World
War finds• us• in- a unique- position to
continue. as' tho 'Granary of the' Ern -
"While:.
"While:. Canada's, manufacturing, in-
dtrsiry,played a noteworthy:role in the.
production'of munitions during the last
)var,-should t the need,arise:•weaball be
able 'to outstrip -greatly anything we
Wore able{ to. fizz at::
"The iron' and steel . industry, which
under war•time stimulus reached a peak
:of a million ;tons of'Ai Iron annually in
9!nce 1914 Canada's. economic strue- 1018, -has doubled- its.,potential outpg
fere sen:' virtually 'transfoltitS; ` Jrerart-manufacture has- assumed,
stated Mr „Wilson{ ; from ."one based important proportions, and the • ground
mainly on agriculture to one.. of great work has been lalid for „rapid expansion.
.I
dtcereiflcationn which_manufacturing :NERALS VITAL JS mut- : `_._-_
played a =leading. role. - Ile predicted. •,
We' trend, would undoubtedly recelye "War . power:. to:dSty depends largely
atn even greater stimulus if the present on' -minerals, particularly metals. 'Tho
- _.. s.Ypru+gion•. of. the Canadian TOutPut of
ttentiori
,,Make moneyduring the Fall
and. Winter • months .by selling
•hardy^• -Canadian: Nursery: Stecit.: _
• Dx'cluslre' territory for :bell
salentuan. _ -HandsomeLfree . outfit
supplied.
ILarr,est .list of Fruit 'and-
-rOrnainentnl=Stock, etc., *grown
in • (Meade. . i
s the t me to
(fit_ , l
order. tor 'Spring .:planting. •
•:,Write or Particulars
x(STONE :8i: •WLI.1f�,'GTO•N
f
The Old Rellable. Eont6I11'
• • --Established 1837 --
' Toroutd 2, Ont. .
• 48.8
such • products since 1914 has been ' ec-
tactilar.�,It 'x91;1: '7.Canada: pFoduced'
773,000 -fine,..ounces 'of gold; In':1939
production.- was - nearly -seven tithes ' as
'much as in.1914.-Nickel increased. from•.
'a production' of 45% million pounds ,in
.1014 to 227• -militon pounds in 1939
Copper production has increased eight-
Paid_ during the past twentYeayu_years.
Lead output-is:elevep tinier 'as great.
Zilie'""production has gone up• from '22
millign_ to 381, million -pounds. The :out-
put; of. aluminium is eleven times as
great. and when plant extensions now,
-•under: way Are -completed, production
will , bo increased ,;to -nearly fourteen
times ;.what It •was in 19141'• : - -•
• µTo
-tl y
A.Canada.
is a very : differentnation.trom.the yong unseasoned coun-
try that went' into the:last war:
WAR ••AN
D CANADIAN ECONOMY-,
"It,•seems, tome quite'clear that we
•... Ct•.4t4maxL.
them employment. Unless: our enemies
collapse threnfih. doteriqq� ration .of mor-
ale before their•economic and military:
-re$ources_nre exhapsted- the decision in
the pr sent•confliet wili.dopend largely
1
pooch',
of the
ISERY OF (OL
Use specialised medication •
foe nose and upper throat
where most .colds start ..
Helps Prevent Colds'Develbpisg-Don't-
wait until a miserable cold develops:
At the--very-first-warning-sneeze,-
sniffle, or nasal irritatibn-put a few
• drops of Vicks •Va-tro-nol up each
nostril immediately. Used in.time,
Va-tro-nol helps toprevent the der
• velopmetit of many colds.:
Clears' S 'Head, Too -Even when
your head 'all clogged upi"from a /
neglected cold, Va-tro-nol .brings: ;
comforting relief. It .quickly Mears_
away _the .Clogging mucus, r' :� ^•,es
Swollen mem r
branes, . helps Fiil :Fe tingling - I
-to-keep-the mediairn4go-to work--
sinuses from,.
being blocked
-by- the cold- .'VICKS
breathe againu VA-TRO•NOL --'
Used in more homes than any other medication of its kind
akeen
achmer
When something wears out or breaks down on your- nchin-
ery,•bring the parts to us; if its fixable, we can fix it
WELDING REPAIRING : :IACHINE' WORK
East. sc.'.
IO/
,GODERICII,
CANADA'S ---
LOAN
1.• '.
•
"Make ,our dollar's fight '
for freedom"
_ Canada's'Loan First War' afords.you an.
opportunitof assisting in your"couiitrjr's" �"''
y
war effort and, at'the same time, of mak- :
ing a safe investment, for yourself.' Avail-
abre in; detlominat on o'$50,"$100; • $500`--
and $1000., .. ... *', , •
•..
Purchase of Canada's. first Wa* Y o --
may be arranged without charge at any
branch of. T • L, jijs..of Canada.
Necessary application firms and full in- ' "
formation will bo gladly supplied.,'
.� ._:• . 'Should you.find it inconvenient to pay for
• your bondin cash, temporary accommo-
dation may be arranged. Consult your
local branch manager.
r■1
' - •t?F CANADA
R
--dR'VER4 6b0 YBRANiCHES
I N =C A HATIA _:...._
'r
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• upon economic staying powrr." '`
Never before i:.daft history fuss
been so important that every oil of
should Practkstugs and,; industry', If
the time comes whet Lit
no :longer; a, prob1ea1, 'we 'nwy fin' our-
•oeiveg;compelled to eurtail,luxu /`ant
other, non-eseentiar industries; tf 'm ke
w
way: ;f�tr, ,ore • eseeutial pr action.
.ii'urtbermore, capital and other nd-.
.ituree, public or private, not rectly,
related to winning •the War,' not ' es,
sential to,ping our . eeonotnie sna-
,chine ;unetl iii effiy,cientl , &Heald be
definitely'_ 'diseegraged. .It is to Abe
hoped'. that Ander these cireumatances
labor end Wage :dieQutes will be corn•
1)letely •avoided. Those who are'. for;
:tunate enough•to remain at their regu:
far ,employmelit in-. Canada,:_ must 'not
,exploit the situation for their own ends.
Capital must also " be ►tiling; to: con-
" tribu
on'tribu a its fullshare. dome industries;
'ot courae,'•will be 'adveradly affected by,
the• war, hat -the majority. will undoubt,.
_+edit'' experience' a, great stimulus. ' The
nefits therefrom nnust_not, be "retained
;by stockholders .except.'' to a normal,de•.
gree. • ,The; Goveraiment: bas„tlevltaed 'a
sound "s atem of', t+axing•,excess . prptits,
but at•is also.essentiaL'.tha pt
any:attemI
. i
at prgfiflteering,' shopld .be ruthlessly
suppressed: ► .
'In view'of tbe•strldes which had•been
made since 1014, Mr, Wilson,' believed
tharcattada-"traii fro perii p$'tndtb'tlali
any other' part' of .the ' Empire "or any
other•country with the single exception
Of -the 'United--Statee.'t:
BUY -ALLIED- 400D$ , '
Wilson- emphasized . paricularly
the! need for -buying A wraximum'amount
of .goods ',from Great Britain , , and
France: • In-th! -way, `-he said; "funds -
Will be Mule available ':"for"the aur-
chase 'of wheat and, war • supplies in
Canada, leaving the gold and foreign ex-
. change reserves of = Great .Britain for
use as• a lastresort. • ' . • . ' •
Everything possible must be dune to
stimulate •Canada'$' exports wvlth a view
to 'commanding " purchasing •, power
abroad. :"We. are in an absplutely un-
ique.position to supply goods to Great
Britain' and France. This must' Beres-
serily, Iead to business.,uc ivity such..as
'we have not previously known.
TOURIST TRADE •
"It seems to 'meIs
a o that th
er'
tva
affords Canada .a unique opportunity to
develop further Ica tourist trade. `It
therefore' behoov
esour govern
ingbodie
to fng linin queshoned attractions
•
Canada • as • praminetttly as possible to
attention•..:,ot.•._prospeotivlsitore'
from the United States... In normal
yeiirs, tourists • spend- as., much,., as
$250/300 "'nillllotl :in .••'Canada. . • This
trade is thus 'an' important.factor.
'our international Walled,' of payments. •
As a means' of strengtheing our econ=
orey and -providing- foreign exchange,
our'efforts to attract tourists should•be,
-redoubled."*. : .•
,BUSINESS. PROSPECTS
Mr. Wilson •riiported that in 'spite of
disturbing: eonditions: business during
1939 Was reasonably goad and, main-
tained a level well above that,..of:-.1938.:,•
"It for any reason peace should come
within a comparatively short time, we
would soon revert _tvithbut difficulty to
-thio-net-unsatisfactor-coiiditlohs--}vhieh'
prevailed before--tho outbreak of hostili-
ties. -If the war should continue- for a
protracted, period -and this Is, the. basis"
on--winch-ourrplarjs ust ot-necessity- be
made --I 'think -we s54l1 have..a period
of `.trnusuai industrialt activity. But es
we prosecute the:war,'we must not lose
sight of the readjustments-whrclr will
follow the return of peace. If our pre-
cautions are' ;well-planned fired hide-.
gpate,' the hesitation in, our progress.
• will' not"be'great." =-=-=r '
GENERAL &TANAGER'S ADDRESS-
- Mr. S. G:• Dobson, General Manager,
in' reyiewing the : Bank's ',balance sheet
remarked' that the general, progress of
the bank during the year reflected an
upturn'in business which began in -';the
Summer and -which under the stimulus
Qf war orders became 'quite active, in•
the -Fall of the year. The'•balance.aheet
was -particularly- noteworthy,- •he said,
in that the totals Shown under .cash
,Assets, ..securities,_ total.:assets--and- de-
posits were at thh highest figures- re-
corded in the 'hiq tory of the bank. Total.
-assets _•now••staftdfng at.. $1,014,708,343
'were. the highest: on -record, this being
the second occasion in- the bank's his-`
tory on 'which they had crossed the bit -
lion -dollar mark. • -
Mr Dobson .reported "a.' greater -d
mond for -Commercial loans in Canada
nd•-t at ithe-tbtnt-under-thiheading
wee* now $212,627,311; ••47 -:increase of
:$14,424,408. .• " .
Proflts for. -the year•showed a moder-
=ateincrease but, taxes now -borne by
hanks had become a real'burden. "These
totalled 'In •tbe case of The Revel Banit
$1,907,751,' he said, "a very; -..heavy
charge considering the- bank's earnings
and equivalent ,to. 70c •for *every, dollar
paid shareholders.*. Everyone concedes
that speelal taxation Is necessary If -we
nl to do_our..part-in_winning-the-svar,
but the amounts I: have, mentlened .re
present, ordinary+ peace -time- • 'taxes
only. -
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.At
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Mr.' and Mrs. 4. A. 'Deadman, of
Brussehl; :-lett last .week :for: 'a three
'months' visit to their two daughters at
Vancouver, ` •
' Andrew :Wilson,: a• resident
of.East Wawanosbedled on'January 8th'
his seventy-tourtia year. Ile la'sur-
vived-by his wife. and one son, Jawe*,
a t,. home. , 1 - - •
R. E.. A�anning,
.who tendered -hii • fe--
signation as , tamp•• clerk and treasurer
at thhe first meeting. this year. of 'the
Clinton Town-04nncll, has agreed, to
,hold the position.for the present 'year.
Jack Montgomery, the Wingham boy'
.who. was • severely 'injared ..while _ bob-
age-
ob•ago- and. who
• was taken to. Vieterla • Hospital, Lon-
don,; for treataieft,..•has ..recovered`.suf-
-liciently. 46 • be • brought banns- , If1ie
upper,body is IAA cast; tut a complete
recovery 18•expecteda�-. !- - � : _.� ..._, .
Bruce Koehler, hes :sola,his•100-acre
farm • on ' the • County road south of
2urlch to ;Rudolph Corriveau, 'of near
Rryadale, ; who;:,get possession;'. March
16th -II ekt "'M t';."KGoiite-'Las leaned tie"
250 -acre farm:owned by lis- father; the
late --Oscar- Koehler;- on the 4th :Ton -
:cession of Hay;" and :the -fifty -acres -on
boundary of, Stanley, fei a
term of a:ae years. , •
The 'deatip•eccurred. at',Toronto 'on
January 4th of Christina Jane McKay,
• FOiEIGN - EXCHANGE CONTROL '
Foreign•_1xchange Control ,was now,
operating smoothly,'' said Mr: Dobson,
in &pile of • its very,.wido ramifications
and the responsibility .with -which the
banks were-faceii:at -the outset of -inter-
•preting the regulations to the public:
"The manner in 'which this new, and _rlt
first complicated, Machinery: Wag- hand=
led *MS most- lcredlt'uble," -"said Mr,
*-
Dobson.- --• -•
In conclusion - the General Manager
foresaw greater business -activity;. dur-
ing. 1040 under the ' impetus of War;
orders,' greater enlployment--end more
general , 'distribution of _ purchasing
power;•--- .:a t..
Dr. Chase's -
Kidney -Liver Pills
For
Backache
irldtyesiiotl
Kidney Disorders
1
widow, of the later Robert Livingston of
.'(trey-towushlp, in ,ber severity -eighth
year., Ours, rLhingeton's husband was
aformer, reeve . ot., .Grey . towaabip" , who
died two years ago: ;' Sbe had gone to
Toronto to' spend the winter with -her
daughter; Mrs. Chas." Noble, and was,
aeired 3vitb a".bekrt attack a few days
before: her death.- The; rematny w�ere-
.-sought to • Walton and 'were Interred
in the, ,cemetery at: Ethel. •' •
No Fire Loss' at • •
Cllriton,in 1!3!
`Clinton had no lire logs ia1030. The,
fire brigade did not.,bave a , single, call
for a •locallre.during the :year. They
re$popded to a cell,to assist at the big
fire at: f ondetboro a few weeks ago, :-.
reeinperatur{�es in ' - Y-. -
L
tt-W�'s Cold Spell',.
t At ;Exeter 15 below zero . was regia=
tered in,list week'a:,cold spell:. At Sea.
forth it was 22 below; at C1intou.-:also
22 below,' Kincardine reported * 17 . be-
low, Wingham 26below,; but Walkerton
beat' them all with 34 -degrees- below
sero, as_•.reported_by,:TheXme Ierntd.
LoganStorey
At St.: Andrew's Presbyterian church,
_Kitchener,;_'on -Saturday,-„'January-_ 6th,
the wedding took place of Martha Mary
Storey, daughter- of '' Mr,and Mrs,
Thomas Storey, 'Seaforth, ` to Alvin
Jame. Logan, son of Mf. and Mrs. John
l'Mgae,_,.Ilrusaels..rshe ceremony -was -=
performed by Rev; -Finlay Stewart. The l
happy couple. left on a honeymoon trip
to WIndsor and Detroit, -
Fire Destroys Goderich" 1
Township „Farmhouse , ti • _, .
The•:hou�C on. the former '• Maurice
Switzer *farm,' Clinton-Bayfeld line,
owned by Ernest Townshend; Goderich
township, was, totallydeetroyed by fire
in the.early morningrhours oflVednes-
day. of • last week.; iliost•';of the fur*
ture and clothing belonging.;, to the, ocl
cupants, Mr. anti,-�irrs. "Charles Johes
And. lir. aini-1Trs. James-Fiutchies, also
was .destroyed. The fire Is'thouglf,•,to
have,
started
'f from
en overheated store
and w S- -
as first -.noticed when the -crying ., • .
-of the Hutchins • baby , awakened the....!'„
parents. `--B "this' tithe it hid .gained
some iieadwa
V:a
nd little could be do
. ae •
to. save anything, •and the fine:fra'me
;kutlt ink._ Was •saon:_a-: inass_•.of...tlamer..
It
IS a heavy loss for Mr. Townshend♦
who;;t the, time was quite. ill - at. bis.
home. '_Ile had intended to move to the
,housd which was' destroyed.,
:•�. POST A1'.14frkj' Ju. I •gLilri►
rietta Quaid, ,teams
eyef►t list weeke.d • at gets
,'f1N-Y.P�U� of the [hated awi
a suoyessful meeting last
et. -lug at the hone of Rev. awl' lie iii%
roan nt DWiganaon•- Plans woo foie.
to• hold ,a • social •evening of ' U�esee
checkers, in the;biuremeet of the h'is'sed
church one Thursday entrant -of nest
week. Everyone Jett lweleosse.
:Born in 'Kincardine Hospital”, oat'
Jan4ary10,• 194Q,1 to ¥[r. and Yrs. ow -
ford Crawford, a daughter: •Congratu-
-lotions- ... • ..
'-The • A.Y:P.A. hays made :.arrange -
I ments to hold a skating ,party this Fri-
day, even1ng,•either ;on the river or at
the?. Pinery: Everyone , with skates' is
invited 10ln and enjoy the party
Golden Wedding. Cong ratuia.
are, extended ;to Mr. and Mrs. Thi....
'Dougherty, who -celebrated their fiftieth
wedding anniversary, last ;Monday.
They were honored by a gamily gather-.
.fug' which; included'all;it, children;
three -sons and- two daughters:' , .The
sone'-are-Geor*e, -of-1 lberne • townslitp,
Edgar,.' of: Ashaeld," and : Wbltely. of
Defoe, `Sask. ;• •the daughters: are Elsie
(Mrs. Jahn McKenzie), of Ashfield. and
Charlotte (Mrs. Ed. •Sowerby):, of Gode-
rich
wa
I
e
4,1 0
$0 .Yi1i�7./
r,
%ow
st
Uri
r
the merlin ort
with a• Canadian National GO
Acing, of : a toe of C
in the kitchen : o,,an - 9#'dai►t7,'
car for • paseeng.rs'. on • tr$. et tai
National 1 Rylriteai. '1. 'be bir st• Vag
beard in Kansas Cfty fano& a CanadIsa
station over short ware:;:; .. r.,
A spinster- living in a Londee',ebarb
was' aboclGed- at •ibexlaoguas+o'.1111ed;1
two men repairing telephone, wises doff
to her home. • r8be wrote to ',iii gees
Pon on. the matter, and - the ' ; ;•:
was 'asked to .report.:',!'i►Lit Ls- did'In
the tgliowing, way
__"Me and 'Bill. Fairweather lawn oa -
tiiis',f 0ii." ' w>i• ' the: tele) `pole,
end''accidemt:idlyleet� the hot tall:
on Bill. It went down his 'heck. Then.
be said z "You really must be ' more
careful, harry."
DEPENDABLE...
PURE °nd
WHOLESOME MAGI
!tA IC • ives °Ii -ht'
ten texture'
1.t'" V ... ...w....
eyed^ : a
-` y_' T
MADE IN CANAOA
• :
AK1N6
OWDER
n Nom
•
"1
• • .
..A
A
Il
i/
,l
k
,1� �...
-
"+0
1lCt
'r'
• jelly,
11W -No
AIS Tircd Out 7
Before 'Day Half Over.
Women who Weald' ld' bo strong .and_.
healthy' hecema weak, run down.' and
worn out; and aro 'unable to attend
to their household. (ludo, -. They get
up, in•• the morning dreading' the
' day's work'ahead of them. - •
„Some disease or constitutional dis-
'-tu.rbitn`ce has left its mark • :in: the
form ;Of • shattered nerves, impover-
ished blood, and mt exhausted con,.
...dation.. of the entire eyeten)„ . e r
. Women Will find in ' Mliburn's
- Health and .Nerve .Pills, the iremedy
they need to' supply food f*er `the
exhausted:lug-re _force; .and�o'le ..that_._ _.
Will help them back to,eound,`terfect _
Oid.', •
health again.
T. =bum Oe.. 1`.ti., Toros
•
•
, •
_The Amazing
-�'
. of telephone communication
shoe Ibis company • gess
formed sixty -,years ago will
•
he'to141.14 a series •of addrer-
•tisemme,iIs, o/ wahicb this 'is -'
theut. The story is based •'
-'*po�• antbeatis • records is
the .Contpa ty's _Mutewm in
Montreal.- Illustrations T also f „
ars: made Irons original dela.
•
s.
• • .,
Sixty years ago -the .Belli'elephone'-Conipanyof Canada was -
-orgaed. {. .. .
x
Let's step for &moment .:into the -world of 18$0 - into the
stuffy* parlour where .furniture was ornate and uncomfortable;-'
where heavy , draperies "deepened the gloom, of the lamp -lit
motif. - The `what -not” in. the corner carried a varied assortment
of sea -shells, -family -photographs, glass -enclosed flowers.
�• By' the dinr light of-the..'prismed•hanging-lamp. people .were
reading the,' debates in Parliament on_ the : Canadian • Pacific.
Railway ---co itraco-f Neter RedfiaLtEi gift,.of a 'Museum to . --
• McGill;- of the assassination of Honourable George Brown of
. the Toronto ••
Came the telephone
:to ggt things done.-
the same again.•
-
with its insistent ,ring, its amazing ability
The Victoriatl'household was never to be
The pace at which life.moved began to .speed: upw: -A .-new era • '
had 1 begun,,, perhaps more than any' other single factor, 'the tele-
phone is responsible for the changes these sixty years have seen.
1 J -
111101[1940
80 y�Alts Of` ' tlC Sgt
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1111. 11011
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