The Clinton News Record, 1922-4-20, Page 7THE PLACE OF TIIE 'BANKS
IN CANADIAN HISTORY
By W.S. Wallace, M,A., Department of History, University
of Torooto.
a III,
the year1831 tbe
elAitienal earnemeety ea. the: Family
Compitet- .disapPeared, and the eta of
reepotiSible government dawned. , In
• thie ne*riod .•thebanks came to'
Pley a neueh less aiespiceofte plaSe in
‘, hirfory. They"•Censed !td
identified With D1a1 leatties; 'and
thy devoted nselves to their
proper: et:Maher:hal Iion
dees atot heweeer, that - they,
hi not at times exerted a profound
ini1e0nce on the eoerse ef ',goveenment. sugg'eetiqe to malre'epto.whataboul4
. Coe:eider, for eXample, their. inflitence be don' My friend; Pore/seer Pay
the curreeey legislation (if the tells Me—On the•'autherity I un(k-
rntry. At eepeated intertale ,in eland, 'of 8r, 3. M. Keynes; the author
' Caleadien history the government bee or "The -Econothie eCoti•sequencee • of
' denied with the idea of arrogating:to the Peace", -that sineilar eensternation
itself' the monopoly of the isetie of
hank notee. Lord Sydeeltere lit 1841,
SirPAleeander ,,Gatit in 18.59, and Sir
Leonard -Tilley hi ,1880 nil proposed,
in language which has ,often been
heard, that the govermeept ,Shouldr7,
'mune the function cif nete"-iCeue -whiSh,
it was said, it had delegated to others:
. Of eel:4;Se', there is thhog t� prevent
any geyerementtfrene telfing over, the
.•'ausen'ese ef aankie-Ktju!st as there. is
nothing traPreyentiedtore taking oyer
the hesittrese' of eiehing 'beets . and
th.oiigli it ehoeht be observed
! 'that. social -ion -tin- the Malting of boots
and shoes votild 'probably be far lesS
disastrous thee ;SecialisMin banking.
! But that the government ha' any in -
hermit right or preetegative in regard
to the issuing of antes is a fallacy
It •le..'et, fallaey„Willeh..results from .a
-. ooian. Of, ,thought between the
P minting ,•of ,money,' Which is a• very
• proper Med neceseary feaction of goy-
, eminent, e»d. the, .isthing of'. notes,
Wiii4lt are net,' • ptonerly speeking,
money at, all; haitineeely ,promises..te"
pay; ...like' ocliequeS, :fad draftsr•teA",gOVe
ernment• likeeneatinfreaeglekoraonenO-
Polyof'theibtofbsnk-notc-thiit
has to, 4.;.niciliabriiyl,:t:it`tileiLnie4of.:
anyother 'kind
of eininifercialtfiaPere Medi thebealks Per
:Canada, bartfighti fig • evety esti eliepro=
poeilleShave, contribut, m
ed, very- to
the. Somedness- of Canadian curemicy
legielation. They have not:.Won a vie -
tory .ell along the; line, fora the :Can-
adiangovernment leas succeeded in no
rogating tee itself the eiresue of the
eleerOntinatione of notes; but
they 'haVe:'-lielped to prevent 'a com
plete 'Monopoly. • . !
Another way in whith the influenee
8f the hanke, made itself' felt was in
the ,adoption, prior to Coefederatioa,
Pef the decimal currency in prefereh`Ce
to peel-Ida:shillings, and pence. 'ee• came to an end:a:and the situation
many .years the standard money; ref ac- was eeved. •
e011..nt rin. BTitiSlil'..-North 'America, had Another way Are which the ,banks
beeit•Nva-eat ivae known 'as the:Halifax coeoneratedwith the government dur-
euerency 'ore in ',Upper Canada the ingthe war was in regard to the float -
'York eurrehey: ,'„This- wee a curreney' Mg of ehe Victory Loan. Prohableene
In peund.s, shilllnigr, aied pence which .banking Seestem in the world wesbet-
d'id not with any, existing' ter adapted: to serve as 10 medinin
minege.e. Iteyeaeamereleeatwerseney-ef -for --thahnitaing-ofesubscriationasto
eecceintaand 'Very one of the nueneie government loan than the • Caeadiam
ous and vexioue coins' Wietcheleassed with its Wide -Spread spates» Of branch
earrent--English sopereigns, Amerie banks: The, success of the Vietory
can dellers, 'French -erearese, Spenith Leans was 'lone of the . ineet pheno-
"pieces of- eight,",, and so foetlf-eahacl menal tnga in eoneeetion with the
to .be translated into it.. 'Before 'Coe- whole of Canada's war effort.: Before.
...federation the banks all evee 'British the war a loan. of fifty ntFlMo ha
, North America, agreed to do business been eregaecle'cla as a very large loan
in dollars:end centa, !and in this way even for the 'government to :attempt
they 11,e11.ped to ecennal the varieue to float. The three Victory Loans by
eelenial governmemts tookelopta deci- theneselyeseetted.e, totaled 1,700 mil-:
! Thal euerefecy. In Vela 'development lions, •soniething .that no one had ever
1, was seen one of the 'subtle inflame:lea
I
at work Which :helped to bring about
the: anion 'of. Britieh 'North 'Am -mike
The Most striking exemplification,
however, of the pant -which' the banks
: have, plaYed in Canadian, history 18 tco
be fellAld in the peall:id, 'of 'the Great
War. t is net too inuebe to eaY- that,
if it had not been for thee 'coopefettion.
of the heeds with" the Canadian gov-
ernment, the sithation. in Canada at
' the outbrealc of the War would :have
been a thil niost enitial iaature ;B7'
the, nierning• Of that fatefubldonday,
August 3 1914, there hadtbegarteas
you may earner:thee "rinis" on the' gold
of hanks all over Canadh..Sir Th.onme
White,' in a Meet interesting and im-
portant pamphlet which he pebliebed
abeut a year: ago, entitled. "The Story.
Of.?;Cianinla+S War FitiarieC,"- tells of a
ease wileb, oceuvreci in Tonn.t0. ;;Itc, ,3ei,g.i4no,
held i» London betweerstlio Chancellor
of the E'xchequer, ler. Lloyd Geome,
and the leading fleeueial enlert0 of
Great Britein, Both eenfereecee met
in pl) atinoephere of panic, The Cil”-
adieu bankers, le ye Sir Thomas
White, were 'quite disturbed at the
spread of the finaaciel panic through-
out Camelia and the nms which were
takingsplace throughent the ,Deminiell
and, of while they were continually
hearing word, ,They bad euinerope,"
he sayse "and by no mesas 1111311iM011S
prevailed at first et the conference in
Lender, some people preposing 0110
thing, some another, aud some throw-
eng up their hande, and eitying there
Vas nothing that could be dene, un-
til it ,Was suddenly obsereed thet the
'Clevernor of the Bank of England had
fallea asleep at the head of the table
aild:WarS' gently seeringe This epect-
aele,had the effect of immediately re -
`Storing confidence; if the Go -Verner of
the'Benk of England could go to sleep
:otn such an oceasien,. then obviously
things Could not be ie black as they
were painted. The conference pulled
itself .eogether, euggeetions were ex
chengide and finally the measures:
were agreed upon which enabled Great
Britain ta Stervivethe crisis. History
does not reseed that any of the leed-
ing members of the.Caeadien Bankers
Apeeciation dell asileep on'thet August
often:item in Ottawa in. 1914;
theta' toe, after:the first eo,Pfn810° of
Counsel measures were -finally "agreed
upon. Chief of these measures was
• th ern eking t of leankehotes -legal ten-
der; so that -the ,banica'eoulcl. pay. out
notes: inetead_dr• geld:. = 'TlieSeehteas-
Mee -Were - emli neliedr -in • an or-del:eine
Couneil isseede that • evening, aeicl „pub-
leshe d bread =St. in the netrepapers
the. folhowingemorniege Anearet-.4e-the
day; on'whieh:evarewasdeelaied; anew
it is a remarkableefeet that 'ell !the
measures adoiedwere direetly :rola
teary to law. The order-inem:nen Was
legally of rep, validity. If anyone had
thotight of Attestionieg it; neither the
'government nor the banks Would have
bad a .leg to stand on—at any rate,
until Parliament mei and passed rati-
fying legislation. But the ho -opera-
tion of the bank e and the goveennient
el impeemed the public :that, 105 10 mat-
ter of feet the -erder-in-council was
not gees Ione • Therm en the banks
dreenied would be possible. In
flthese floating of loans the,banks play-
ed 'a. vitalapatrt, end for their. -sue-
ceseethey deserve th.eir fair share of
the. eredit. •
Finally, in the period of reconstruc-
tion ad re -adjustment through which
ive have been,' and are still, passing,
the hanks in Canada have been a
steadying influence, jo an extent which
perhaps the general public des net
always realize.
Her Majesty to ace- Wreaths
. . .
War-Cerneterres.
r
A. despatch from ,Lontion sa!`•
'3s
Queen Mary is planning 'to plaee a
massive wreath in eaeli of the Britieh
military cemeteries in Flan:lees` mid
France in behalf of the women of "E'ng-- "
land when elle' and the King visit the
King. mid, en of She
'.ENGLAN/D'S "MYSTERY ,T,OWER"' To, FiE ilbRAPPEp ,.
KnoWneasathe ' "mysteey tower" of Shoreham, elitit huge eteueture was
built durieg the war at a cost of veer $5,000,000, but waePuever used. It le
now to be scrapped.. RS !purpose has givenrrise to imeole'speenlation, but is
a closely guaheed secret of the 13iitielrldrairalty• Tis dstruotiod will leave
. •
fer ealvage: Only a few steel girders.
Canada From Coast to Coast
Charlottetown, P.E.I.—The Federal
housing scheme is at present engag-
ing the attention of the Island'seeities
-and towns, and, it ie probable that pro -
legislation will be enaeted to
qualify for the Federal loan, An en-
deavor is ibeing made to ascertain the
number of pelmle interested in having
houses; constructed after their own
idees anIpiana with Federal, eid, and
provineialegislatioa wiR ;be governed
largely -by the number of reMieste.
Halifax N S —Interest is being
evineed- by -Henry ,Ford in a .scherne
'for the establishment of. an assentb-
ling plant in- the Maritime Provinces
for foreigntrade, aecordineto the
Halifax Mail. The Mail gives as the
reason Ler the e.staiblishing of the plead
the fact that ire the math of Decem-
ber 20,000 automobiles were shipped
by the Ford Companyefrom Halifax
to Australia.
Fredericton, N.l3.—T4e sele of New
Brunswick's angling rights this year
brought a revenue to the province of
$22,665. , This is ale in -create over the
proceeds for the previous year's sales
despite. the fact that no bid was le-
ceived fer three valuable sabrion
stretches- '
Three,River, Que.—Pulp andepaper
companies in this dietrict appear to
be working to capacity. The Wayaga-
meek concern is now Working seeen
days- a leek and the St. Maurice
Paper 'ComPmey hes seffieient "orders
to keep its plant going- to full capa-
city until November.
Coebraue, Ont.—It is eptimated that
in ;the decade's history of mining in
Northern Ontario, the various mines
have contribiSted more than 9750,000,-
000 to the wealth of Ontario.
Winnipeg, Man.—Should support be
obtained for the project from growers
located' in' adjacent mutielpalities, a
vegetable caneing factory will be
erected and eliesated in Winnipeg this
year, according to one of the promo-
ters of the enterprise. It is estimated
the eamicey would he able to handle
the first yea.r the crop from 400 notes
a pealog acres, of corn, and a large
"°n° °°.° was r°Pprtea 99 r°° 'Ci7°'11 'The two rei,eal coupleplan an ex -
a Toronto banle One of its best teiltive tour of the battle 'grounds be-
tomers, a prominent ei.izen of Tor- cause of the long cherished -desire of
onto, who had a deposit of over a Queen Mary to go ljea-sonTday to the
quarter of a million dollars, called seared shrines, sha ID partici:Oa:Ey
upon the IgeneraI manager end inform= „ancriow4 14S4t 'Ypres, Aeras, the
ed him that he felt ale must, in justie'e Somme, Bethune . and Arinentieree.
to himself end hie family, withdraw The visit Is in retern for the visit the
the .full amount. in geld, as he be- King and Queeneif the',Belgians made
,lie,ved ibex° would'he a financial panic here last year. King George and the
in i"vhiciathe hanks would have to Queen wee,.,bee pee e week,
cleee their doors, . The man ial-
eiseed,and received his 01(1, which he Lien on the Py. - •
Reeked up in his safe demisit vault,". Slee had received hie gift -of fteey,ers
In 'order' to 'aeert the ealamiter whieli with rapture, '
was inmending„ a conference was held "Oh, they aro pet-fed:Is loseeyl" slae
at Ottawa 'between the minister of excleimed. "And teteees even a li•ttle
finaime, Sir ,Thernas White; ered the dew en them •
leading members of the Canadian ''Er -y -y42' he stanrinered, ,"there's
Bankers; Asseefation--juse „ae, gth(lat a little, bill, 1 inte$1.1ded to pay It on
the same time, a conference WAS, beteg Si:ft:Sales night,"
acreage of wax betels; eauliflower, sired
cabbage.
Regina, Sask.—The sum of $20,000
„represents the collection of reiralties
on furs taken by trappers', in Sasket-
eliewan last year. Royalties, of this
kind have never before been collected
.in this' province, and, it was at the last
session of therlegielature that power
was given to 'collect these tolls-. An
equal or increasing sum IS expected
to be derived' from thi.SI source, an -
madly. :
Caegary, Alta.—To providea floral
highway fronaCalgary to 13aoff, in the
heart of the Heckles, Is a movement
that has been4nitiated here, -and if the
plane formulated are eonstinunated
Iceland poppies will line, the eeenie
highway to the mountains in countless
thousands. Many, clubs ere eo-operat-
hag in the movement, and It is pee -
Posed on one day towards the end' of
April to utilize 60 ears each"contaihing
dour men, to prepare the soil and de
the planting, one car being located' to
each mile id roe&
Victoria, B.C.—An aeganization to
build up the Victeria, and surrounding
distriet jam trade is now being or-
ganized. The I3escheEalcires Cocnpany,
with a r,apitaleof $0,060, will. maim -
facture the highest grades of jam, end
fruit pulp. There is, it is claimed, a
large -market in 'Great Britain for the
latter product. The new Plant will be
in full c>peration-byethe beginning of
the fruit season.
Ship Conveying Gifts
Resembles Noah's Ark
A despatch from London says: The
eteamship Oevini es tied up at the
Royal Albert Docks with a few olveice
preeents given to the Prinee a Wales
during his toni• of Judie. They in.
elude an elephant, a rhinoceros, a
leopard cab, a Himalayan bear, a .same
bus deer, sheep, foxes hed Jeeps:gds.
The edlieetien is being remeved to the
zee with fethef,shnelar testimoniale of
friendslhistili
•
eh"JV/ecII
oLitririr7.1.;""u*"'"="7""Jo‘ -46
WHERE TURKEY /IND EUROPE NOW MEET
. •
The lecavy- black line allows the 20100 around the Derdaneelee We felt ,
would be demilitaeized under the terres' modifying the Seyrez treaty with
Turkey, neW lironesed by the Allied Fore.igh 'Ministers. Greece would keep,.
-Adrianople and the Allina would hold the Gallipoli Peninsiiii on the inter-
nationalized straits, -Turkey woulh1 regain pelt of Thrace and welled hold
Constantinople, whieh week/ be defortified, and would `also regrefe Asia
Minor, 1r:eluding Smyrna, new held by Greece,.
,
Lt.ANRI•4S
, 1-40‘/4 'cNitkie.
RL WITH
Nit!
MMEse. 711-hhir
At,H-r•
4610$1416!
•
JAP,AN WELCOMES
THE PRINCE OF WALES,
Thousands Great .4-I, RI H.
When He Lartels Yc&o,,
A despatch from Yekehema eaYstae
The Preece of Wales arrived 'beep
esreeneeday for his official visit 00
;Tepee, Thoueeads greeted him as he
landed from the firitith bettle cruise,:
Rednieaw, whiell. brought him ironl
In
His recePtion eves carried out ae-
eording to the program, to the
i:test 4etail, sie la the Japanese restore,
Yokohannee welcomd wee not noisy, es
the children who lined the 'streets are
dieoiplined to silenee, but the picture
theY nuale with -their .thouemple
weving flage in, the bidlliant sunshine
coeld ecareelebe paralleled,
The Renown wee eseorted in from
sea by the Japaneseelight cruiser di-
vision', and in' the bay six battleships,
including the famous Mutsu, joined
the escort, As the vessels entered the
harbor there was a roar of gene 'and
thrieking of sirens, Every class el
society was represented in the crowds
on the wharves, ,
The Prime was conveyed froM
'Yokohama' to Tokio in a, special train,
three coeclece et which were especielly
built for liieevicit, On arrival there he
waS driven in an open carriage, escort-
ed by eaValry:t0 ,thei Imperial Palace,
where heevas received by the Empress.
Later he went to the Altasolva Palace,
where be will reside whiie inTbkio,
Crowds greeted the royal visitor itt
the railway station and cheered him
along- the route to* the palace, ever
which triumphal arches had been
erected.
• Except for the priceless objects a
art, the Prince found little in the heee-
tofewo.unoccupied Alcasaka Palace to
remind hire that lie was in the 'centre
of Wale. Hie apartments are like a
modern hotel suite, and the fitting's ina
elude even a _barber's chair of Amer-
ican make, espeleially installed,
The Altaeaka Phlace adjoins the
lesparna IQ see, 'which wag a one time'
the residence' of Prince Hirohito,
tile' Regent. The grounds' about the
two palaces atre-inoett beautiful 'and at
this time of the year present a pro-
titsion of -cheery blosreome.
Two Royal Yachts
Taken Over by Lascelles
A despatch from London says: Vis -
0051109 Laseelles est rePorted to be
planning to take over the loyal yacht
Alexandra which iS being disposed of
as a measure of national economy. It
is expected he will also commission the
racer Britannia, which for years Nee
been the Nines • pride during the
yirchting season, but which; he has de-
Cided not to sail this year because of
the expense. °
The &speed of the Alexandra was
recommended by the Geddes 000110111Y
OQIIITabee as it would save some
100,000 annual cost of upkeep. The
other royal yaeht, the Victoria and
Albert, iS to- be laid up during- the
Winter months.
PROBLEMS DISCUSSED BY 690
DELEGATES AT GENOA CONERENCE
TleirtP-thece 000th/4S roPreeented by 690 delegates, expert* and ax1vieen4
t eve gathered at Cisnoa 10 dleeesse these, polets:
Solution, of the Aueedee, prebleln by reuolInillon 09 1054,010A GoTO'naolo"lt
or sonic other plant Title Mk follow tlappetneiples ohlffned etti Callao0 by iho
srupponio 'Conuloirei reeolattOn widelonrede the preeieht coeferethe'poeelble,
Europeau pea,eo, with the (*Seely related mvestion e,f, lend
ermaniente and, level:Mebane, pt freaitto. .
91110115)101 prohaeta$ erion troll), the inability et Germany 94i pay the re,
ilorat1e99 delllanded and the leteralliee'theteletedamea Thiel will loollide col*
7Fieda,c3itataitilioena Tofreilatiey.fintenclai standing of tale, 011t*tel" eftitj.6(1 th6
oeaieeajeeerinieeieitene,filell Toittoiae'berrientTwoo°1tibtl" 8,04
thettghtsatrltviQv:ilya14imai1ti,y,
The complete 1It of the .00tenteree taking- mot in these dietmetsemes, to-
gether with the edze el thiqr delegaticee, followee
Alban -la .. 4 Ireland
.,...... . ...
• . .. 1(23
Belgium ..... 14 "iglu 7. 7
A-74.441' .. .. ... .6, Ljleigtv' : 6
Bukaria . • , • . • . . .. . .. 18 Luxemburg . • . . . . : : : : : : : 4
Canada , .. , • . .. . .. • • • . p • SO New Zealand , 16
Czecho-Slovalcia ... 30 Isrorymy . . „, ... „ , „ , „ , 8
Denmark 10 Maud ............. . .. . . . .. . 4(1
Eethonia , . 28 Tortuga], ,,„ , „ 9
Finland' .... . . . . .,7 Roumania . . . . . • • • • 22 '
16ranee ,....... , .."80 Russia '............12
GerreanY • • • • • . • • • • • • sp San Marino , 10
Greet Britain . .. 128 South Africa ....... ........4
Holeahil .............................16 Sweden . ....
Hungary • 7 Switzerlenti . . . .. . .. . 8
. Sir Robert Rbrden ' '
Fortier Preerier -of Canada, who is on.
hie' Way to- Lauseiihre, Switzerland,
where he leas„ been appointed es one
of, the arbffiraters for the Iniernatioe.
al. Petrole.uni Co, ;which is cOretronee,
by the British :Government, inta,'\ dis-
piite' with . the Peruvian' Governnient
Over a .question exf- certain oil .flelds,
'The dispute airbse duriag the greet
&Flag fOr the Free State.
.W114.± flag 'will ,Ireland adept,now
that et forms a free -state? e Here
Is a queetion worth studying. The
. .
golden harp on thee,green ground is a
beautiful emblem, but not quite. exact;
it sbotfiel have Silver cords ,atid etand
out against a blue field. Namerons
Etre the Oth4r..53rnibo99 Suggestecl--tho
• St. Patrick CresS, ±311e sea iasso„.61.
Kananem, the wolf, Ma' roundatevema
`,11 -ie • Chaanreele, , the "Celtic miles anel
many more,. ' e
Weekly Market Report
Toronto.
Manitoba wheat --No. 1 Northern,
$1.51%. -
Manitoba oats—No, 2 OW, 6074c;
extra No. 1 feed, 563i,e; No. lete_ed,
56%e.
Manitoba barley --Nominal.
tfhe above track, Bay ports.
American corn—No, 2 yellow, 7899ei
No. 8 yellow, '7444e, ell rail. .
Barrey—No. 8extra,,tes:t 47 lbs. or
'better, 63 to 66e, according to freights
outside; fed' bailey, 60e.
Buckwheat—No. 3, 98c ±o$1.02,
Rye—No. 2, 95e to $1.
Milifeed--•Del, -Montreal' freight,
bags included: Bran, per ton, $28 to
$30; shorts, Rer ton, $30 to $32; good
feed flour, $Z70 to $1,80.
13a1ed hail.—Track; Toronto, per tote
extra No. 2, $22 to $23; mixed, $18 to
$19; glover, $14 to $3:8.
Straw—Car lots, per ton track To-
ronto, $12 to $13. -
Ontario wheat -9-7o. 1 commercial,
$1.36 to $1.43, outside.
Ontario No. 3 oats, 40 to 415o, out-
,
Ontario' eorn-53 to 60e,outside.
Ontario flour -a -1st pat's., in cotton
melee, 98'8'; $8,20 per Mel.; 2n8 pats.
(bakes), $7.20. Straights, in bulk,
seebtard, $6.40. ,
Meratoba
dour—ist pats., in cotton
eaclee,' $8.70, per bbl.; 2nd pets:, 98,20.
Cheese -L. -Neva large, 20 to 2099e;
twins, 2099 to 21c; triplets, 21 to
21%c. \ Fodder theeee, large, 1899e.
Old,, large, 25 to 26e; twins, 2699 to
2699e; triplets, 26 tee 27c; Stiltons,
new, 24 -to 25e.
Biatter—Fresh dairy`, choice, 26 to
30e: orealnerY, prints, flesh, finest, 44
to 46e' No 1;43 to 44c• No. 2 40 to
41e; cooking,, 22 to 21c.
Dressedd poultry—Spring chickens
30 to 350; roosters, 20 to 25c•
;14 to 30ce ducks, 350; tOrkeys, 45 to,
50c; geese, 25c. -
Live poulery—Spring chickens, 22 to
2Se; roosters, 17 to 20e; fowl, 24 to
30c; cheeks, 38e• turkeys 45 to 50e•
geese, 201. '
Margarine ---20 to 22c.
Egge-eNew laid, candled, 32c; new
laid, in chrlons,135c.
•
Beans—Can. hand-picked, bushel,
$4.40; primes., $3.85 to $4,
Maple products—Symp, per imp.
gal., $2.25; per 5 amp gals., $2,15;
Maple stigma lb, 184. ,
Honey -60-80-112. tins, 14ee to 1.5e
per 11p; 6 -2% -thetins, 17 to 18s: per lb, ;
Ontario comb boriey, per doz., 95.60.
Potatoes-eOntario, 90-1., hag, 91,35;
Quebec-, $1.50. Seed potatoes, lrieb
Cobblers,' $1,76 s hag. - -
Smoked meats—Hams, med, 32: -to
34e; cooked ham. 47 to 60e; smoked
roils, 26 to 230; cottage rails, 30 to
82e; breakfast bacon, 29 to 33e; special
brand breakfaet bacon, , 37 to ,40e;
backi, boneless, 36 to 41c.
Cured meats—Lone clear leicon,
$17;50 to $19; clear bellids, $18.50 to
$20.50; lightweight roils, $47; heavy-
weight roils, $41.
- L806—Pure, tierce:a 1699 to -47e;
tubs, 17 to 1745e; pails, 17% to 13e;
prints, 18 to 19e. Shortening, tierces,
15 to 16%e; tuba 15% to 101; pails,
16 to 16%e; prints, 1799 t.o 18e.
Butcher steeye. phoice. 97.50 to
98.25; 410, good, $7 to $7.50; do, med..,
$6.50 to $7; do, 0011e$5.25 to $6;
butcher heifees, choice, 97 to $7.75; do,
med., $G.25to 96.75; do, cam, $5 to
$6; butcher ceevs, choice, $5.50 to
96.25; do, med., $3.50 to $5; cannets
,arid eaters, $1 to $2; Initehee
goof, 94.50 to 95.50; tb,. cone, $3 to $4;
,feetlere, good, 50.50 to $7; do, fait,
$5.50 to $6; stockers, good, $6 to 96.50;
do, fah', $5 to $5,50; milkers, $30 to
$75; slningers, 340 to $80; calves,
choice, $10 to 912.50; do, med., $7 to
$8,50; do, one., 94 to $5; lambs, ehoiee,
$14 to 915; do, coma $0 to $7; spring
lambs, $11 to. $14; theep, choice; $9 to "
$10; do, good. $0 to $7; de; bone, 98.99
$5; hogs, fed and a:atm:ed., $14; do,
f.o.b., 913,25; do, coentry points, $18.
„ Montrea
Ol.
ats—Cae, Weet. No. 2, 63e; No, 3,
59e. Plour--Man, spring wheat pats.,
firsts. $8,60. Rolled oats -Bags, 90
lbsa $3. Brier, $32.50. Slants, $38.
Hay ---Nd; 2, per ton, ear lots, $29 to
$30. •
Cheese---rinet westeees, 1699 to
16%c. Butter --Choicest creamer, 40
toaele. Eggs—Selected, 34e, Poen- i
toes—Per bag, ear lots, 80 to 86e. •
, '..."."..."-"""""'"'""'""'""•••••4
It Can't Be Done.
Nothing Worth while sae Ryer start,
ed, ,from the buieding of the Ark to
the ;digging ,of a subWay or the fling -
Ing et a bridge 005055 10 ,river, without ,
a ell upepringing, "It ean't be done!” •
The bigger thelling to be clone the
bigger is the deprecatoey uproar. Pro- •
pose -wbatever you please, and: there
Will be livelier toinform you that, it ie '
(Mite impossible, .
The whole history of invention 28
the story of those who faced aud over-
came net sitnply the odds that.ingene-
ate things! (pease, Mit the disapproved'
and the disibelief of people. •
• " Every single new idea that:has prove
ed to be "wee% anything has met with
a resistance varying eroyilsmild- ex.
postelati en to pc>sitive recoeity. Every
Moneer, strilcing:out el?, new Mahe, ,
has been given to tneferatiFild, in
language polite or :-1=hcle, that he Wa..S a,
fool. He bee been asealled 'tlys 141.'5'76
\vim showed to their own complete sate,
isfaction that what he suggeeted wee
peyfectly ridiculous. • •
- 'When lie has done what they told.,
hint he couldn't do, the unbelieve,re.as •
10 ruae- were .newhere to be found.,
'Spine Of them bad changed themeelves,
into noisy elaimanies for the credit of:
, all. that they had formerly railed at
and denied, The rest are as silent toot
to praise and to sympathiee aa 0,054
they WOOS to ridicule and to condemn.
There io 11,Gain4 ifIlar to See there
the man who, baring endured a:4 11104
decepts his yiettley with equaninzitSt
and iseiet bitter it heart toward, those
Who seld he could net win. He is
grateful to these who believed and
helped; he is net vengeful to these
evso scoffed and flouted. He leas buriedt
deep, wieli the eld ,dlecoumeeeimeets,
the old resent:Meets.. • The gaine."ba
'played, the objective he was after, IWO •
far too large for any ineaenees to dis-
play its.elt, now that he has iseued
from ihe fight with the geerdera to
which-1'1de life was given.
Easily he might cry, "Lteld you sal"
andheld up to 01001:10 the failbleza ones
wee, mocked or .bloekellehiln, could, hie
end them anywhere. But he is not in-
cline& to pay them book in :kind ,der '
thetaunts or for the obloquy. In-
stead, lie- rejoices that it was given
him to serve; he is glad that oile more
skeecess i a chtemeielecle ithelly Where
failure at the 'start eves .prophesied.
Never is it eefe to say, "It can't
he done." To say "It has met been
done" lit quite a ditto:mit thing, and: to
say it is sechall en ge to the best of men.
The Leader To Tie To.
Writer- iS acquainted with two
Active young men wbo represent two:
types of leadership. One ot these men
auebitiol a and poeseseed with it eur-
plus of energy, end a strong heart
aed Plenty of nerve and a more or lees -
definitely defined objective toward
whieh he is moving. He appears, how-
ever, to be working on the premise
that he *Will be able' to climb highest
wliMt he has placed the. greatest num-
ber of his competiters under his feet.
The mom who would be listed with
the other chies ie no.t ambitious ;for
hireselS. Ile works for principles rath-
er than for personal accomellahmeet.
His zeal fee 51314 worth -while cause
Mayas him to undertake, TIis physical
ViatOr iS jLIS± a lilt Acler par tied .
ineasured by the mental ability efi
others who,fiave dont lese, his intel-
lectual equipment is not all that at
lest he hineeelf !desires. '511929114 en -
selfish devotion to his -week not caly
hs fuenished the no:me:Leap ene,e,er
for carrying on, bet it bee Moved him
in a poeitien 99 ase the ebility of
ethers. -He always MI
seat with the boya at the foot of the
table and the -boys, in spite of hie
modesty and humility, 01'0 just ea et-
Siseent that tie bo eviviteil to the head
Melee. Be is uteenecieeely advent -
leg himself by lifting' others.
'The letter is the type of leaders et
which We need more. It IIaotl94l, lie the
enviable pride Of every 001051 and 1
business axed . sooi5l oreanizatien to !
eontribute to the commenity a goner -
o315 manlier of leaders Who hre'willing
to "1000 their life" that 10 eaese might
win.
Sate'
REGLAR FELLERS—, By Gene Byrnes
kT' `,1Ol-) Thtk-
HART> \AIHPIr
MO6T tiA,\/. l3E.9t9
TNE-1o3s4'64t) YeAsR
"60 V,11.4E44 "nic.1/4(
HP's1,1>A WCO-Te. ot4
s-roNiv..1
1/4(01,3 t-lAN,As letiseK/E.
/NW
CAtz.P..‘i 1/41/0.,L.R. i5e3o94s
-ro &."4 -loot- 11,1'
1;?frst4.5
vs..*
1
Canadian Science Asks
Questions.
Among the important investigete
tieing, °Yee thirty he number, Which
helve been or are TtOVI being earrielill
out by the Ono:op sisit Scientifie and
Industrial Ile,soareh at Ottawa are
'Log Vateriala for
tion a high voltage elootrie corttettba,,
vanadium otos, vitamines, tlithaotevial
oontont of cream and butter, mere
fieient methods of dettieestic heating,
utilization of fish waste, the saliva.
flon and liquefeotion of the raro gas
liellual, temt broeding, tho pre/vela/oil
of (hist in wheat ditd the pretlitaien
inclastrial Alcohol frem *odd ratill044
Put WAN). 11050 Welltee