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HomeMy WebLinkAboutThe Seaforth News, 1956-01-26, Page 6AN NE 144 ,` ST "Dear Angie Hirst: I don't quite know how to explain my predicament but I have fellow - ed your column for some time and finally turn to you for help. We have had a fairly good mar- riage for eight years, but some- where I must have failed. For the past year my wife has said she is confused; she doesn't know whether she loves me or not. She takes little interest in our home, which was once her pride. To me she is as sweet as ever, but she often says she can't un- derstand why I still love her. ' I have never been unkind and, Of course, never untrue. 1 am really bewildered. "Recently she said she would like to go away for a while to Nee what is wrong with her. I bannot bear her to leave me, Smart TV Cover rioccee9er�® �0e e' sessfeeess- "if Zunei Me& Easy to crochet this lovely mover for any size TV set — in your favorite pineapple design! Crochet Pattern 891: Direc- tions for TV cover, 25 inches in No. 30 cotton; smaller in No. 50; larger in mercerized bedspread cotton. Four make a 50 -inch cloth. Send TWENTY-FIVE CENTS in coins (stamps cannot be ac- cepted) for this pattern to Box , 123 Eighteenth St,, New Tor- •pnto, Ont. Print plainly PAT- TERN NUMBER, your NAME and ADDRESS. LOOK for smart gift ideas in ur Laura Wheeler Needlecraft atalog, Crochet, knitting, em- roidery, lovely things to wear. dolls, iron -ons, quilts, aprons, novelties — easy, fun to make! pend 25 cents for your copy of 'this book NOW! You will want to order every new design in it. She is everything a man could want, , . , Shall I consent, or have you any other advice? DISTRAUGHT" HE IS NOT ALONE * Regularly, such letters pass • through my desk, A man is * content with his marriage and • takes it for granted that his * wife is, too. Absorbed in his * career, he notices no change • in her, and when she admits * she is not entirely happy, he * is shocked and frightened. * How blind can husbands be? * Some observers contend * that the first five years of * marriage are the most trying; • if a couple survive them setts- * factoritly, their future is prac- * tically secure. But couples do * not get bored with marriage, * When either husband or wife * senses he or she is being * taken for granted, rebellion * arises deep within, and all the a efforts they have made to keep * the other happy seem fruit- * less. They both want the se- * curity of being loved, they * crave unrelaxing attention, • the certainty that in any major * disagreement each " can de • pend upon understanding and * compromise. In other words, * they want to trust each other, * to depend upon mutual in- * tegrity and , the common de- * termination to go ahead to- * gather. If marriage really is * until death do them part, all ' of these qualities are essen- * tial, * So whet boredom sets in, * wives grow frantic saying * their husbands have changed * and they cannot say why; * husbands sometimes seek new * thrills h, extra -marital diver- * tisements, and both are pri- * vately shocked that their * marriage needs a shot in the * arm to survive. * Your wife is one of many * women who have become dis- * satisfied, She has been honest * with you, though; other * women might sulk and hug * their discontent to their * bosom, but she has enough * courage to confess how she * feels. She has suggested the * one remedy that she hopes * will work, a short absence * that will give her the Pers- * pective to evaluate how much * her marriage means to her, * In my opinion, she should * have that opportunity; if you * deny it she may accede with- * out reproach, but she cannot • help feeling cheated. I hope ,s you will consent, and with no * reservations. No matter how the exp erionen turns out, she * will be grateful for your un. * dcrstanding, • Based on hundreds of such * crises, I believe that a little * respite from her wifely re- °` sponsibilities will convince * her that it is with you she be- * longs; she will probably i'e- * turn with her spirit refreshed * and a new appreciation of all * that your love and companion- * ship mean to her. Take the * chance, Have faith in her and * in yourself to build a future * of new expectations with 64orqrs- f sre ~;ger ,t r with Wonderful New Active Dry Yeast! CINNAMON BUNS Measure into large bowl, 1 c. lukewarm water, 2 tsps. granu- lated sugar; stir until sugar is dissolved. Sprinkle with. 2 en- velopes Fleischmann's Active Dry Yeast. Let stand 10 min., THEN stir well. Scald 1 c. milk and stir in Vs c. granulated sugar,11/4 tsps, salt,6 tbs.shortcning; coot to lukewarm. Add to Yeast rnLc- ture and atir in 2 well -beaten eggs. Stir in 3 s. once -sifted bread flour; beat until smooth. Work in 3 e, more once.ailted bread flour. ISncad until smooth and elastic; place in greased bowl; brush top with melted butter or shortening. Cover and act in warm place, -free Irom draught. Let rise until doubled in bulk. While dough is rising, combine 11/4 c. brown sugar (lightly pressed down), 3 tsps. ground cinnamon, 1 c. washed and dried seedless raisins. Punch down dough and divide into 2 equal por- tions; form into smooth balls. Roll each piece into an oblong t/a" thick and 16" long; loosen dough. Brush with melted butter or margarine, Sptinlde with raisin mixture. Begin- ning at a long edge, roll up each piece loosely, like a jelly roll. Cut into 1" slices. Place .just touching each other, a cut -side up, in greased 7" roundlayor-cake pans (or other shal- low pans). Grease tops. Cover and let rise until doubled in bulk. Bake in moderate oven, 350°,2645 minutes. Serve hot, or reheated. NO No more taking chances with perishable yeast cakes -that have lost their leavening power! New Fleischmann's Active Dry Yeast keeps full-strength and active right till the moment you use it. Needs NO refrigeration — keeps safely in your cupboard. Try its mar- vellous results ar-vellous'results in your next baking. lira r a mont`f.k Step/y/ Doll Special DOLL CLOTHES EACH FROM ONE PIECE tesee 4600 FOR DOLL 14"-20" T+,LL ONE PATTERN PART for each item! Dress, cape, hat, over- alls, blouse, petticoat, panties and robe are so easy to sew for your daughter's dolly. Mother, this is the best idea — let your little girl spend happy hours helping you to make these clothes! Use scraps and rem- nants — thrifty! Pattern 4600 for dolls 14, 16, 18, 20, inches tall. See pattern for yardages. This pattern easy to use, sim- ple to sew, is tested for fit. Has complete illustrated instructions, Send THIRTY-FIVE CENTS (350) in coins (stamps cannot be accepted) for this pattern. Print plainly SIZE, NAME, ADDRESS and STYLE NUMBER. Send your order to Box 1, 123 Eighteenth St., New Toronto, Ont. * fresh faith in yourself and in * each other. If your marriage has reached a crisis, face it bravely and co- operate generously. Anne ]lust's long experience is at your ser- vice, and a letter to her explain- ing the situation can guide you to ]sappiness together. Write her at Box 1, 123 Eighteenth St., New Toronto, Ont. Millions is Debt To One Small Boy This wouldn't be a good time, would it, for much activity along the river bank where Mole and Water Rat adven- tured some lovely years ago? These are days for firesides ra- ther than "messing about in boats." And Mole doubtless is deep . in his underground home, sharing his bread and cheese with friends, not in the least afraid of their opinions of the chrome that hangs on his living room walls. Perhaps Water Rat is there too for a winter week- end. How many readers of "Wind in the Willows," how many fans of Toad Hall, know to whom they are indebted for these truer -than -true histories? "Of course we do," they may ex- claim, "to Kenneth Grahame." But what makes a gigantic lov- er of the outdoors, a prosperous banker, a man who refused a $250,000 offer for a book to be written by hm, write a story like "Wind in the Willows?" A little boy. That is the only answer. Grahame's seven-year- old son liked his father's bed- time stories so much that when holiday time came round he re- fused to leave home until his father promised to keep him posted on the doings of Toad by mail. Out of those letters grew one of the English-speak- ing world's best beloved books. Later — after "Dream Days" and "The Golden Age" — when Grahame no longer had this special audience, he told an in- terviewer he would rather spend the hours he consumed on a difficult paragraph enjoy- ing the actualities of nature for himself. He didn't need money. He didn't want fame, And so the world would not get another book — not for what most peo- ple would . call a fortune. So thank you, young man. Since your Dad already had all the money he wanted, we are glad he also had a son. —, "The Christian Science Monitor." Econon'ty is. going . without something you do want in case you should seine day want some- thing which you probably won't want Annual Meeting of Shareholders k of C..nada James Muir warns against pace of consumer buying and tightness of markets in commodities and labour Canada can ill afford luxury of group or sectional parochialism. Diverse climates, cultures and economic interests present opportunities as well as problems in achieving national unity. Some of the more pressing problems confronting Canada in 1956 were reviewed by James Muir, Chairman and President of The Royal Bank of Canada, in his annual address at the An- nual Meeting of Shareholders held on Jan. 12 at Head Office. One of the more important of these he felt was the new in- flationary pressure built up dur- ing the boom which character- ized 1955. While admitting there may be some difference of opin- ion on the seriousness of the threat• posed by the boom, he believed there "are definite danger signs, not so much in prices as in the frantic pace of consumer buying, business ex- pansion, and the general tight- ness of markets in both commodi- ties and labour. No modern banker will deny the efficacy of wise central bank policy in curbing inflation," he said. "Indeed, experience shows that monetary policy is more effective against inflation than against deflation. But there are dangers, As I have already pointed out, the policy may go toe far. It may also be unsnlec. tive, curbing healthy as well as unhealthy or excessive bank credit In addition, certain types of credit, and these by no means the least inflationary, lie almost entirely outside the char- tered banking system. I should like to nominate two candidates and possibly three for the at- tention of those charged with devising and administering credit control on a selective basis: consumer credit: term loans by hanks; and (with cau- tion) mortgage credit. PROBLEMS OF CREDIT "Consumer credit, or 'buying an time' is an essential part of our modern economy. But, like all good things, it can be carried to extremes For the individual, to live in constant heavy debt. is to live in bondage; and the burden of debt is usually the greatest for those who can afford it least: viz„ those who need or are attracted by `no down pay- ment' offers. For the economy as a whole, consumer credit re- sults in the production and sale of durable goods (a form of long-term investment by the consumer) without at the same time a corresponding act of sav- ing. There need be no harm in this provided the consumer loan is itself financed out of saving — the consumer then borrows in order to spread his own saving over time, But if a great rise in consumer loans i s financed through bank credit expansion we have an expansion not of short - term, self - liquidating ' credit but a long-term loan paid back only over a long period, and a consequent expansion of the money supply. "Term loans by banks to cor- porations and the purchase by banks of corporate serial bond issues aro similar in effect to an expansion of. bank -financed con- sumer credit, and may be more serious' in that the repayment period may be longer. "Mortgage loans by banks are a departure from traditional short-term bank financing. Long-term investment, this time in a home, id financed withosit a corresponding act of saving. As a device for expanding. home own- ing during a period of relatively slack trade, the NHA programme had many virtues. But with a return to normal conditions, and later 'with a reappearance of in- flationary pressure, continued mortgage lending by banks, to- gether with the other• inflation- ary force's, undoubtedly made a contribution to instability in the economy." NEW "BUILT-IN STABILIZER" FOR FUTURE BUDGETS "In all the excitement over the switch to deficit financ- ing'," said Mr. Muir, "one ex- tremely important decision in the realm of fiscal policy went almost unnoticed by the gen- eral public. This decision is all the more important be- cause, unless or until revers- ed, it will presumably deter- mine the overall pattern of federal budgeting for years to come. "In his budget speech of April 5, 1955, the Minister o1' Fin- ance said: I propose to recommend to the house a tax policy and a tax structure that would produce a balanced budget under conditions which rep- resent a high leve] of out- put and employment.' "Now a high leve] of output and employment is reflected in the figure that measures the gross value of our na- tional production over the year. The now tax policy and tax structure referred to by the Minister of Finance is geared to this gross national product in such a way that if in any year the product falls below a certain ideal level, there will be an automatic budget deficit, If the national product rises above this level, there will be an automatic surplus. And the ideal level of grass national product is apparently defined as the level that would have obtain- ed had employment and the rate of growth of the economy been "normal" every year since the base year 1953. It may be open to question whether this kind of built-in stabilizer will prove suffi- ciently strong to produce the desired effect. It may prove too passive to meet the crises that lie ahead. It may well be that the automatic princi- ple was adopted as a device to ensure that fiscal policy would at least not make things worse: that it would at least be a neutral factor in the short run. Meanwhile, monetary policy with its greatly superior flexibility could be relied upon to take care of short swings in busi- ness activity and employment, leaving longer run prcblems of economic development and growth to the necessarily slower adjustments through annual revisions of the budget." Mr. Muir noted that the three varieties of credit over -expan- sion might soon become less serious, due to natural causes and to the effect of policies now . in force. Home building and construction in general would be effected by seasonal factors; term loans by banks and the purchase Of corporate securities were no longer practicable un- der present monetary policy and `control of consumer credit does not lie primarily in the field of banking. War and post-war experience have shown that this can be most effectively handled by regulation at the retail level, with good will and co-operation between those who extend the credit and the control authori- ties, There should be nothing,' therefore, in these three varieties of credit over-extension that a - little common sense, restraint, and co-operation cannot quickly cure." CANADIAN 'UNITY While sound economic policy was a factor in achieving TOTAL DEPOSITS HAVE NOW PASSED $3 BILLION MARK K. M, Sedgewick, General Manager, noted that not only had the assets of the Royal Bank reached the imposing total of $3- 284,143,865, but that deposits had passed the $3 billion mark, a new High point in Canadian banking history. "Ten yearn ago our deposits were $1,888,757,- 074, approximately* -61% of to- day's figure, whereas then our depositors numbered 1,555,359 as compared with 2,557,909 at the present time." The banit'a, liquid position, he noted, contin- ued strong, total quick assets of $1,918,749,579 representing 61.24% of the bank's liabilities to the public; "Our Rest Ac- count has been increased to $108,000,000 which with paid-up Capital of $42,000,000 and the undivided profits balance of $918,000 odd means that the bank now has at use Capital funds of close to $151,000,000. This is o very strong position indeed." Mr. Sedgewick noted that NHA Mortgage Loans, made by the Royal Bank, now total $100,- 865,965 as compared with $22,- 672,390 the year before "Other current loans also have shown expansion in line with the higher general business activity and the total at $1,188,559,855 shows an increase of more than $137,000,- 000 in the twelve-month period under review. We are now, in common with the other banks, co-operating with the Govern- ment and the Bank of Canada in carrying out a policy of credit restriction designed to prevent inflationary pressures. It is im- portant that the timing of any variation in such a policy should coincide accurately with chang- ing conditions within the econ- omy. Mr. Sedgewick also discussed the bank's extensive building and renovation programme. in addition to alterations and im- provements to existing pre 39 new branches were , app thea in Canada in 1955 and 23 new buildings, for opening this year or later, are under construction. Branches now total 851, of which 74 are abroad. ROYAL BANK ABROAD The bank will also occupy new and more commodious premises in Rio de Janeiro short- ly and consideration is being given to further expansion in the Carribbean area. Since the bank began operations abroad nearly 60 years ago, said Mr. Sedge - wick, the local staff had been encouraged to aspire to senior positions and this, he felt, had been a major factor in the suc- ,cess ofthe bank's foreign oper- ations, There was, he said, a need for Canadians in the bank's foreign .service and as a conse- quence splendid opportunAr,t existed in the Royal Bereft- foreign asi. ifforeign branches for any Can- adian young inan interested in a satisfying and sucessful career in international banking, Mr. Sedgewick paid a high tribute to the bank's staff, which now numbers well over 14,500. "W. are very pleased indeedto see a $'rowing number of young men Tom our staff and feel that they have attractive opportunities ahead," said Mr.. Sedgewick. national unity. and well being, said Mr, Muir, the development of a broad national outlook and the avoidance of regional and cultural parochialism were also of paramount importance. "The very diversity of regional, cul- tural, and ' occupational interests in Canada that creates and ag- gravates our problem makes unity an even richer prize than would otherwise be' the case," he concluded. "Ours will be a unity in diversity, with the attendant opportunity to take fullest ad- vantage of the division of labour, itself a product of diversity irri culture, in individual' talent and skill, in group interest and ac- tivity. I firmly believe that this difficult task ' can be accont• plished." Love Tokens Love tokens are coming back into fashion, report some Lon- don jewellers. More and more teenagers are buying lockets for their sweethearts. Even the very old-fashioned type, with a lock of the loved -one's hair on one side and a tiny photograph. on the other, is returning to pop- ularity. This news would have pleased our great-grandparents who lov- ed wearing love -charms and to- kens and believed that they en- sured` wedding bliss and warded off danger. But great -grandma would probably have been shocked to hear that, some American Ser- vicemen who have done a spell of duty in 'Britain have recently been giving their U.S. girl friends policemen's old helmets as love -tokens. Police forces which have dis- carded the helmets have raised no objection to the sales, pro- vided the badges axe removed, One of the strangest love to- kens'was that carried by a young .. Italian wherever he, travelled' in Europe. It was a tear -stained pillow sent te him by a girl whose father had forbidden her to marry him. When the pair later eloped, they took the- pil- low with them to their honey- moon Hotel. They say they will treasure it fOr the rest of their lives. At the wedding of a pretty Chinese, girl in London, in 1954, the bride carried s. teddy bear, a love -token given to her by her fiance when they became engaged. GOOD BOOS He had been billed as a come- dian at the local amateur vari- ety concert, but his turn wasn't at all funny. It was so bad that the audience began to beo him as heleft the stage. Undaunted, he was about to return to take a bout, when the stage manager stopped him: "Listen to the 'cooing," he said. ' "But I can hear some clap- ping among the booing," said the determined amateur, "Yes,", retorted the exasper- ated manager, "but that's 'tor the booing." ISSUE 4 — 1956 20,000 MILES WITHOUT AN OIL CHANGE POS -MET calcium oil drain plugs fit all makes and models by simply re- placing present oil drain plug in crank case, developed - by the NATIONAL RESEARCIS-. COUNCIL OF CANADA, 63. each, Phone or write. H .& S. Distributors Room 310, 129 Adelaide St. W., Toronto, Ont. Telephone EMplre 3.6794 Salesmen Wanted—Pull' or part time. EZ 2 LEARN EZ 2 READ e. * e. This ABC System of Shorthand enables you to' qualify for a. Stenographer in 10 weeks home study. It's approved. Free folder illustrates, with out obligation. Write: Bass n Systems 20 Spading Road Toronto.'