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HomeMy WebLinkAboutThe Seaforth News, 1943-12-16, Page 7BANKERS ON TRANSITION FROM WAR TO PEACE VITAL NATIONAL PROBLEMS DISCUSSED BY BANK OF MONTREAL PRESIDENT (Continued from preceding Page) volved would apply to everyone else and pass the workingman by, "In its primary aspects the matter of nationalized banking is One of monopoly versus competi- tion in the field of credit; and even within these limits it con- cerns everyone owning or de- pendent upon a Canadian enter- prise that may have need of clay. to-dae or seasonal credit accom- modation. In its broader impli- Cations the issue is that of indi- vidual liberty of action as oppos- ed to the concept of a central Government supreme not only 711 the field of legislative powers and responsibilities, but in the epheres of business, industry apd finance as well. This would in- evitably mean the domination by the central authority of all bodies whether public or private which maust have recourse to credit cili ties. THE ]SANK IN THE POST-WAR YEARS "For 126 years this Bank has played an important part in the commercial and industrial devel- opment of the Dominion, In all that time our facilities have been freely available to the Canadian people in the exercise of banking functions, conducted in all their aspects, without bias or political prejudice, and in accordance with prineiplea which experience has proven to be sound. In this, we have I think played a not un- fitting part as the oldest repre- sentative of the Canadian bank- ing system. Long traditions of soundness, saute and experienced management, fair and confiden- tial dealing, plus the competitive spur to progressive outlook and efficiency, have all combined to build this system that is serving the public well. I am confident that your Bank is well equipped to clo its important part towards meeting the problems and oppor- utnities of the post-war years in a continued spirit of enterprise and helpfulness to the whole com- munity," I ,R E P Have you made the acquaintance yet of that newcomer to the Sun- day evening airwaves between 6 and 7 o'clock over the recently in- augurated OBC station 03130 -- "Radio Hall of Fame"? Here's full hour of top notch entertain - Anent woven of merriment, music and musings. Paul Whiteman is musical maestro, and each Sunday stays of radio, stage and screen will visit the Hall of Fame either In individual personal interpre- tations, or in a condensed version of some popular screen, radio or titage play. Everyone Is a welcome visitor to the Sunday sessions in the Radio Hall of Fame, M * * Last Sunday, December lath, witnessed the return to the air- Aaves of always popular Fred len and his happy-go-lucicy cast. No doubt he and "Laringytus" Jack Benny will keep the airwaves warm during the coming winter With an exchange of heated "Plea- santries" mingled into the gay pattern of their individual pro- grammes. Fred Allen has returned to his former Sunday night spot Over an international network, in - eluding CFRB Toronto, 9.30 to 10 pan. * * As the result of a recent survey, CIaire Wallace, the smiling, vivacious personality of the Can adieu airwaves, has been acclaim- ed the Dominion's most -listened - to feminine radio artist. Her cross flee , Canada audience 0f "They Tell Me" is reported mounting all the time. People apparently like to hear Claire's cheery optimism on the subject of Victory, and her chatty anecdotes of the brighter human side of things. She is heard over • the network of the CBC Monday through Friday, 1.45 to 2 p.m. and over CFRB Toronto 7.45 to 8 p.m. * * That hardy perennial of the Christmas season, the "Magic Chord" is on the air again to delight young and old with the phantaales of Yuletide. 6.30 is the time, CBL, Toronto, the Station, Monday through Friday nightly until Christmas Day, Once again the Magic Green Door opens to the, gentle push of. Billy and Runty, closely followed by Skooty, the ferny, runny little mouse, and Topsy, the Angel Doll. Old friends are back again to share the exciting adventures taking place STAFF OFFICER Capt. Madeleine St. Laurent, daughter - of Canada's Justice! Minister, Is now staff officer for the Canadian Women's Army. Cops in Military District No, 12 with headquarters at 12egina. She was one of Use We officers appointed when the C.W,A,C, was formed in 1911 and has Belts ep. 1)ointleetits in Montreal and Que- bec. She returned from a tour of duty overseas earlier this year. E' REX FROST at the shining headquarters of Jonothan, the Old Toa' Maker, Just before Santa Claus comes down the Chimney, * * * CFRB will greet Christmas Day with. special service of carols and symphony music commencing at 12 o'clock midnight and lasting until 1 o'clock Christmas morning. This has been a CFRB feature for many years, Banks Of Canada In Soured Position One of the most effective argu- ments yet voiced against the Soc- ialistic concept of nationalizing banks is contained in the address delivered to the annual meeting of the Bank of Montreal by Mr. George W. Spinney, its President, He punctured many of the shallow ideas which have been advanced In an attempt to show that Can- adian finance and economy are in the hands of ",moues barons" and "big interests." Those who have been beguiled by the fanciest theories of the nationalistic school BARBERS' BOMB Cantly -striped 100 -pound aerial bomb means "shave and a hair cut" to Navy men at a South Pacific base. of thought would do well to study his t'entarks, says the Windsor Star. Chief among the arguments of the Socialists is the claim that monopolies are detrimental to the national life of Canada. Yet, as Mr. Spinney points out, they ad- vocate the creation of a great,. fin- ancial monopoly, as opposed to our present system of healthful com- petition between ten chartered banks. To bring them all under Governmental control would mean that anyone seeking credit could be denied it by the one big Gov- ernment bank, and he would have no recourse to any other source, The granting of credit would be- come a political matter, and this would bo fatal to our economic progress and development. The soundness of the position and the methods of the Bank of Montreal as displayed in its annual reports, which is reflected also in the operations of all our other elm- ilar institutions, should make them proof against the inroads of the nationalization theory. Clear think- ing of the kind indulged in by Mr. Spinney is needed to combat this fallacious tendency. RETURN TO BOJANO Stec:ts rend stands are all that's left of her home as this Italian woman ret! res from the wile to her home at Bojano after' the war toiled by SUNDAY SCHOOL LESSON December 26 GOD'S GREAT LOVE AND t -US GIFT Matthew 2:1.12, GOLDEN TEXT—For God so loved the world, that he gave his only begotten Son, that whoso- ever believeth on him should not perish, but have eternal life. John 3:16, MEMORY VERSE.—God , loved us, and sent his Sona 1 John 4;10. THE LESSON IN ITS SETTING Time -5 B.C. Place—The city of Bethlehem, six miles south of Jerusalem. The Newborn. King, "In the days of Herod the icing, behold, Wise -men from the east came to Jerusalem saying, where is he that is born King of the Jews. For we saw his star in the east, and are conning to worship him." Herod was not a born king, and for a long time there had beets no Jewish king by priv- ]lege of birth, But at length there was a born king, one born of the Virgin Mary, This title, Ring of the Jews, was unknown before Christ's advent, and was applied only to the Messiah. Herrod and the Scribes "And when Herod the king hoard it, he was tr'oubled, and all Jerusalem with hint," Why then was Herod troubled? Six thousand Pharisees had refused ' take the oath of allegiance to him and prophesied the kingdom would be taken from him. The announcment then of the star and the Icing was sufficient to ter- rify hint. Those who were in the favour and pay of Herod were troubled also. "And gathering together all the chief priests and scribes of the people, he inquired of them when the Christ should be born," It was generally known that Christ would be born at Jerusa- lvnr but Herod would have aubhor= itative counsel to ba sure of a natter of such great importance to himself. "And they said unto hien, In Bethlehem of Jadaea; for thus it is written through the prophet, and thou Bethlehem, land of Judah, art ]u no wise least among the princes of Judah; for out of thee shall come forth a governor, who shall be shepherd of my peo- ple Israel." Bethlehem was the city of Da- vid, and it was fitting that Christ, of the royal seed of Da- vid should be born there. Herod's Command "Then Herod privily called the Wise men, and learned of them e.actly wha: :i :re the star ap- peared. And he sent them to Beth- lehem, and said, Go and search out exactly concerning the young child; and when ye have found him, bring me word, that I also Islay cone and worship him." Herod wished to convince the Magi that his feelings were as their own, "that I may conte and worship Him also," He made a show of being religious and sin- cere, but he was already plan- niu , how he would destroy Christ to make his own throne secure. The greatest wickedness often conceals itself under a mask of piety or friendship. 3- las be- trayed his Lord with a kiss. He - rod's motive was not to worship but to ]till and to destroy. The Guiding Star "And they, having heard the ]ting, went their way; and lo, the star, which they saw in the east, went before them, till it came and stood over where the young child ,vas.. And whet they saw the star, they rejoiced with ex- ceeding great joy." The stair which they sen in the East had not continued to be vis- ible to them during their journey, so that for the greater part of their pilgrimage they had to "walk by faith, not by sight". They believed that God who had brought them hither would not leave thein in the dark. Nor did He, for the star appeared again to guide and to. comfort them. Sometimes we feel Divinely led to take a certain step; the star of guidance shines bright and clear beckoning us onward. Tien all becomes clarir, uncertain; we won- der if we were mistaken, If we have made a false move. But if we go on trusting when the star ceases to calcine, we shall see it again, and will have the assurance we aro' in the right path, and that Goal is guiding us. Adoration of the Masi "And they came into the house and saw the young child with Mary his mother; and they fell dowr and worshipped shim; and opening their treasures they of- fered tante him gifts, gold end frankincense and myrrh." They fell down before Him doing hom- age to Flim as King exf the Jews. They presented to Him gifts fit to be presented to monarchs, and it was to Jesus, as a royal child, that they ,'rre given by the Magi. The Warning Dream "And being warned of God in a dream that they should not re• turn to Herod, they departe(' into their own country another way." In simple ways God works; in a drum He warned the Magi of 11 -rod's evil intentions. There is no evidence the )'Iagi promised to return to Herod. The warning vision from Heaven would the a further confirmation of their faith in the Kingship of Jesus. They were determined to obey 'God rather than men, whatever the eonsequeuces. How Do Children Spend Spare Time? If More parents tools the trou- ble to find out what their young sons and daugetcrs were doing between school closing and bed- time they would possibly receive a great shock, Children are allow. ed to roans the streets at all hours of the night and many of them are attracted to places which are breeding places for crime and moral delinquency, The place to cure conditions is in the home— far too many parents leave the bringiug up of their children to the church and school. Fluid coal that will burn like gas in hot furnaces is a post-war possibility. It will be finely pul- verized coal suspended in a com- bustible medium. The Book Shelf Boughs ,Beira Over Maida Parlow French Boughs Bead Over is a vivid and colourful stoiw of an early Cam adieu settlement. The Van Doorns are pioneers. John Van 'Sporn, a successful ats toruey of Albany, New York, is, because of his political activities, forced to flee. Taking with him only his family he finds a new home on the upper St. Lawrence, where the sheltering boughs of the forest bend over them. This Is also the story of John's sons, of Chris the restless, of Peter the dependable, and of Bacliel his wife, and of Colin their little lost boy; of Rachel's mysterious secret, and of Peter's search for his lost son; and of Ann's tempestuous love -affair. Boughs Band Over is primarily, however, the story of the settle- ment of the land, the almost des- perate efforts of cultured people to accomodate themselves to the rough ways of pioneering—tbelr struggles, their trials, their ultimate triumph and prosperity. Boughs Bend Over . , . By Maida Parlow French ... McClelland and Stewart, . .. Price $2.50. YOUNGEST MANAGER HORIZONTAL 1 Pictured base- ball. manager, 11 Type of fish. 12 Variety of fir tree (pl.). 14 Disposed .to use slang. 16 Courteous. 18 Trifles (Latin), 19 Regret, 21 Surgical thread, 22 Compensation (p1.). 23 Coagulates. 25 Lifeless. 26He is the youngest — of any major league base- ball team. Answer to Previ'ou's i»uzzie ©©oo®tII EoRII2a® GICEI CEIR ©I1©- (MCI ,a©oIIIo®ICall it 'I j • 1}=©© ANON ®®' 10J ©®nliI0©l+' . W U 111 T Gi©©0©M coo-© ©GIN©© °t•-. MANUEI #. ©®© ©oI`a O011ia1113.4ho0Q ©� IN ©©®Q ",I; ©G'3 I1 plant. 3.8 Norse god. 40 Break off suddenly, 41 Claim, as due. 43 Large, cuplike spoon. 44 Asiatic deer. 28Inclosure for 45 Iroquoian sheep. tribe of In - 29 The 433d diens. (p1.), asteroid 46 Old Roman (astron.). seat. 30 Courtesy title. 47 Genus of 33 Exclamations. freshwater 34 Opposed to ducks. brut. 48 Ravine. 25 Yellow bugle 49 Spanish title. 51 posed: I0 Combined. 11 Slattern. 13 Portico, 14Intdnded slight. 15 Section, of the Koran. 17 Concludes. 19'Mysteries.. 20 Margins. 23 Pertaining. fro a bishop's chair. 24 Withered. VERTICAL 26 New Zealand ratite bird, 1 He manages 27 Fabulous bird. an American 30 Swards. — team. 31 Conceptions. 2 Measure (pl.). 32 Bordered. 3 Impel. 35 He manages 4 Inlet of the the Cleveland sea. 5 Onward. 6 Doctor of Science. (abbr.), 7 Knock. 8 Series of events of epical magnitude. 9 Was- indis- -5. 36 Glades. 37 Mimics. 39 Ancient He- brew stringed instrument. 40 City in Saler- no province, Italy. 42 Invalid. 43 Conduct, POP—The Colonel Lets Everybody Know I'M THE GOLOHEL'S' NEW 63ATMAN YES! I.NEARP HIM SINGING By J. MILLAR WATT HOW GREEN 19 MY VA L.1=T 6-0, Aoloehnh b 15n 53,11 srndl,,tn. l,,')