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HomeMy WebLinkAboutZurich Herald, 1939-01-26, Page 6parade E3y Elizabeth Eedy POR GOES OUR EGO; City folks' and- townspeople have been aookiug down their noses too long at tate farmers of Canada. Snob- bishly, they have been considering themselves a little better, a little -brighter . . than the average tiller of the soil. Of course the farmers have been thumbing their noses back at the urbanites, but to little avail. t'ntil now ... , when the bureau of re- search at McGill university maltes a public proeouncelnent that the average farmer is superior in both brains and brawn to the average city -dweller. "Itis intelligence is -much greater" .. . Breaking at his farewell dinner in Toronto last week former Prince Minister R. 13. Bennett produced evidence to show that the majority of men who are leaders in the pub- lic life of Canada come from rural, not metropolitan, areas. So let's come down off our high horses, rtrhanites! -.._D— •FRANCE'S DILEMMA: To help or not to help Loyalist Spain is the dilemma that has been facing the government of France the past two years ---more acutely, the past two months, since the Italian menace In the Mediterranean Itas become more clearly defined, It looks as if France will go uu- der in either case. A catastrophic picture. Should France do the hon- oraele thing, now, by plunging in win arras and Wren to aid her sis- ter government in Spain, there is almost sure to be war. It would be the cbanee Italy and Germany have been waiting for, so long. But should France do the honorable thi:tr. her former allies on the con- tinent might come to her assistance --Ruetifa. Poland, Rumania, etc. If. however, France continues to i en,: e the plight of the Barcelona government, nt, :'ho will see an insurg- ent vit•tory in Spain quickly fol. ,lowed by Italian and German occu- p t ie:n. Surrounded by Fascist states, then; on three sides. she will be trapped. her lifelines to Africa (we re millions of army reserves are etationed) cut off. Even the most pro -Franco men in the French Government are begin- ning to realize the gravity of the situation. But which way to turn? The next few months, maybe weeks, will decide the fate of leraneve -e— WIDE-OPEN SECRET: No won- der it took so Long to catch the thieves, thugs, robbene murderers who have been subjecting the fair city of Toronto to en unprecedented crime wave during the month of January. Reason is that all radio instructions sent otit to police cars in pursuit of the criminals can be listened to, by anybody, everybody, including the hunted ones, them- selves. Under such circumstances a ;getaway isn't so difficult to make, 0— THE WEEK'S QUESTION: How is Germany planning to make mon- ey out of its persecution of the Jews? Answer: Germany would merge into one central fund the proceeds of all German Jewish capi- tal and property (providing the Reich with plenty of ready cash). 'When the amount of this is estab- lished, an international loan should be raised in the United States, great Britain, Holland and other countries sympathizing with the plight of the German Jews. Jews leaving Germany would be granted -certificates enabling them to draw en the international loan for the equivalent of part of their capital. But—Germany's repayment of the interest and principal of the loan (ah:) would be dependent upon an increase in Germany's exports. Part of the money received from the in- crease in exports would be devoted to service of the loan. Part, and perhaps, the greater part. would be used in purchasing Germany's needed rearmament raw materials. The Canadian Government has given one pair of buffalo and one pair of elk to the Wellington zoological Park in New Zeala'ltd. 'auks Add Point to French Premier Daladier's `Uands Off r" Just as a hint to Signor Mussolini who has indicated that he had ambitions in France's colonial empire, Premier Edouard Paladier paid a visit to Tunis in North Africa and took occasion to warn all and sundry that France was ready to defend her possessions. At TOP M. Daladier is delivering a "hands off" address during a banquet in a Tunis hotel,- "Tunis is French. It will stay French," he declared. The parade ,of tanks shown BELOW wending its wav through the colorful city with turbanned and burnoured desert dwellers mingling with the European sightseers was among the reasons that Daladier thinks he's right. L s c o s 661 PUCK CHASERS NEWS OF O.H.A. DOINGS Leo Reise has resigned as coach of the Brantford Seniors. The de- parture of the likeable veteran is regretted on all sides. Leo did his best but there just wasn't the ma- terial available to produce a winner in the Telephone City. The old say- ing, "A coach is only as good as his players," has come to life again. In the meantime Manager Pennell, who handled the team last season, has taken over the bench duties. Port Colborne Sailors have decid- ed to take the Easteru Hockey League tour after all. They leave this week. The game Niagara Fails at Goodyears for Jan. 27 listed last week as cancelled will be played as scheduled, Dave Neville, veteran centre and right-winger, made a comeback with Goodyears in Port Colborne last week, He played on the Canadian Olympic team of 1938. He has play- ed Senior hockey in Hamilton and Montreal, At present Neville Is working for his bank in a Toronto branch. Gooney McGowan got into his first shuffle for many seasons when high sticks with Bobby Laurent of Goodyears was the order over In Port Colborne, It was a harmless "brush", yet both were given major penalties. Niagara Falls are the team at watch, Coach. Mickey Roach has the boys playing his renowned de- fensive style. Goalie Johnny Mow- ers is rated by critics as being a real find. • 0 tp tt Of Milk Hits New Record Nineteen -thirty-eight was a re- cord for milk production. It has been estimated that the 3,873,800 cows in 1937 produced 17,188,- 617,700 pounds of milk, an_ all- time record; but in 1938 the pro- duction„ based comparatively, will be substantially higher. The increase in consumption of raw milk, ice cream and condens- ed milks affect the butter and cheese production, but the butter production will be 20,000,000 lbs. over 1937, while the cheese pro- duction will be around 12,000,000 pounds less. It take approxima- tely twice as much milk, to pro duce'a pound of butter as a.pou., of cheese. Reports from Banff National Park in Alberta indicate that wild life is plentiful with an increase in partridge and grouse, o •aN.•gw +P •a•r-•rm-p-aa w •u• -a VOICE OF THE ESS air CRISP COMMENT Most radio advertised foods do not taste so good to us as they do to the announcer.—Brandon Sun. Neither Hitler nor Mussolini smokes. Yet they are known to have the occasional pipe dream.-- Eitehener Record. THEY CAN'T BE BEAT Following the best handicapper of horse races during the year with a $2 bet on each race would have left the player $62 in the hole. No one has yet diseovered who can beet the races.—St. Cath- arines Standard, JINGLE BELLS The best thing about the big blizzard this year has been its en- couragement for rural Ontario to bring out the cutter and the sleigh again. When a Canadian generation grows up without hav- ing heard the music of sleigh bells it will be time to view something or other with alarm. --Kingston Whig -Standard. COMPULSORY VOTING—YES? It is a rather sad commentary on .our democracy when en or- ganization like the Associated Boards of Trade of Manitoba feels it necessary to endorse compulsory municipal voting as a means of combating the indifferent attitude of the voters at election time.— . Winnipeg Tribune. NEGLECTING REFORESTATION The Ontario Government is giv- ing away millions of plantlets ev- ery year to little economic pur- pose, and is leaving its own near- north—the natural home of the valuable pines and spruces — to be deforested without any ade- quate effort to provid for a fu- ture supply of lumber and pulp- wood. Ministries come and go; Liberals follow and are followed by Conservatives; and both alike are incapable of undertaking any systematic and effective plan of preserving present forests and de- veloping new ones.—Guelph Mer- • cury. The Seeds Act, the Fertilizers Act, the Agricultural Pests' Con- trol Act, the Inspection and Sale Act, and the Hay and Straw In - e • Act are six Acts of Par - rt e?hich standardize the qua - and regulate the sale. of seeds, 'Ms,' fertilizers, agricultural sons, binder binder twine, and hay and straw in Canada, These Acts are a few of the many which are ad- ministered by the Dominion De- partment of Agr'icultur'e. LIFE'S LIKE THAT By Fred Neher Seventieth , I Ial Meeting Royal Bank tf Canada Canadian and International Economic Situation Discussed by Morris W, Wilson, President and Managing Director -- Commends New Trade Agreements.—Points Out Failure of Economic Policies of Totalitarian States, Sydney G. Dobson, General Manager, Reviews Balance Sheet — Continued Progress Shown, -- ?resent Outlook Distinctly Encouraging. A comprehensive renew of econ- omic conditions both in Canada and abroad with particular reference to the dangers of the economic po- licies now being pursued in Ger- many and Italy, featured the address of Morris W. Wilson, Presi- dent and Managing Director at the 70th Annual Meeting of The Royal Bank of Canada. Mr. Wilson referred with satis- faction to the fact thataieonditioris in Canada had been relatively stable despite the setback in the 'United States. Recovery from the recession which was general dur- ing the closing months of 1937 and the first half of 1938,.had made notable progress and business in Canada had now resumed its up- ward trend. MINING INDUSTRY Since the inception of the tlepres- sion in 1930, mining had consistent- ly furnished the backlog and the most encouraging faetor in Cana- dian industrial life. Volume of pro- duction in many instances exceed- ed in 1935 the high figures of 1937. The output of gold had again reach- ed a new record of approximately 4,980,000 fine ounces, valued at $164,500.000, an increase of 14% over 1937. The spectacular progress achieved in petroleum operations in the Turney Valley of Alberta was also noteworthy, stated Mr. Wilson. By the end of November, 60 crude oil wells were in produc- tion and drilling was ander way at 20 others. with output tiering 1.928 175% greater than In 1937. T7nemploymeet and relief were still serious, although continued improvement was reported. Tourist trade returns had been most encouraging, expenditures by tourists in Canada totalling ap- proximately e2.75,0DO.100 during 1938 - NE the Ca bet Gr "m the na w to 1st er th m. In an no en ell Ina be ab tr, tet ed th •.'the ito he of a Prl mt in sot tooloquae,819 Y rrcd rtcber).,,,, ,,.,.•, �!-`"` "I'd use a hoe Isere if I were you l" WONDERLAND OF OZ When rruplt stumbled over thg reeks in approaching the bridge, the creature opened its eyes, from ethic�ht tiny flamers shot in all dfreotton,d, and after looking at the intruder very wickedly the scarlet alifgatbr closed its eyelids again and lay still. quosaw there was no room for him to pass the alligator on the nar- row bridge, so ho said: "Good morf; int., fiennd.1 dont like to hurry yo b i please tell me if you are cotning doWn or going up?", "Neither," anapped the alligator, clicking Its cruel jaws together. The general hesitated. "Are you likely, to stay there long?" he asked. A• few hundred years or so," said the alligator. Guph softly rubbed the end of his nose and tried to think what to do, "Do you know whether the First and foremost Phantasm, of Phantastioo is at home or not?" ha presently inquired. "1 expect he IC seeing he Is always at home," re- plied the at,A5> ator. country's debt conversion in 1931. The average rate of interest on Canada's outstanding debt in the same period had been cut 29%, "The best way to keep the burdens of debt as Iight as possible," con- tinned Mr, Wilson, "Is to maintain your credit at high standing and thereby obtain the benefit of low- est current rates, The rate at which the :Dominion borrows Com- pares most favourably with that of other first-class nations." FOREIGN AFFAIRS The situation abroad remained difficult, stated Mr. Wilson, and expressed the opinion that "fate will overtake the totalitarian coun- tries in due course if, in their efforts to become strong, they ecn- centrate on the military point of view and disregard the first prin- ciples of sound economics as they are doing at present." The decline in German exports had become acnte since the September crisis. "Data available indicate," lie said, "that in 1938 total exports were actually less than in 1932 and 1933, the nadir of the world depres- sion and the last two years prior to the Nazi regime." "Internal business in Germany is exceedingly active and full employ- ment has been achieved, but only at the cost of colossal deficits in the Government budget. indeed one German authority has stated that an amount equal to 50% of tete national income is absorbed by Government and party agencies." It was obvious, said Mr. :Nilson, that no country could pursue such a po- licy without producing serious in- flation and, unless it were reversed, he (gelid not see "anything but a continued lowering of the standard of living in Germany. These re- marks apply with relent force to the Tt:' U••n-sitent''•" " tiecline in tetsiness activity eat Britain had been halted - usiness in the United States since May last, shown the rapid recovery ever reported statistical annals, Wilson also spoke with satis- n of the closer co-operation rutual understanding achieved ations between Great Britain, e and the United States and he countries of North and America as evidenced. at the Iafma Conference. e outlook for Canadian bust- s again favourable and the up- trend would seem to be defiu- 'estored," concluded Mr. Wit - 'The international situation 1 obscure and further com- es may develop in foreign af- Barring such an eventuality, ure we may look forward to Rh courage and confidenco." RAL MANAGER'S ADDRESS Sydney G. Dobson, General er, in reviewing the Annual e Sheet remarked that the total assets were now at the t point since 1929 and total is had reached a new record Current loans increased mo- ly during the year but a active demand for commer- .tans was desirable. a property, there are few, if any, who would suggest that this property should be available for use by others without some com- pensatiou. Therefore, if compensa- tion for the use of property be legitimate, why should compensa- tion for its equivalent, the cost ex- pressed in terms of looney, he less so?„ INTEREST RATES "Yon frequently hear it asserted that the burden of interest has be- come intolerable and that relief can only be brought about by dras- tic measures. A forced conversion of public debt is sometimes urged, accompanied by reference to the action of Australia in 1931." Com- menting on this point of view, Mr. Wilson said. that the average rate on the outstanding Australian debt had been cut by 25% since that By L. Frank Baum "Ahl .Who is that corning down th .mountain?" asked the gnome, 'azing upward. The alligator, sus- pecting nothing, turned and looked over its shoulderand at onto Guph ran to the bridge and leaped over the sentinel's back before at could :urn back again, Thr, seal • 1 monster made a snap at the, tt-onle's left foot, hat missed it by fully "Alt, Tial" laughed the 'flea oral, t.hpyt WAS now safely : r+tt ti,, moirntatffi pool,. "i fooled you that time," "So you did, and perhaps you fooled yourself," retorted the alliga- tor, "Go up the mountain, If you dare and rind out what the First and Foremost will do to you." "I will," declared (ruph, boldly, and on he wont up the path. At first the scene was wild enough, but (gradually it grew more and more tiwfu) in An- near/ince. All the rocks had shapes of frightful beings. Suddenly there appeared before the gnome a man with the head of an owl, r. Taxes had, however, become an ever increasing burden for the bank, "For every dollar distributed to sharelioklers by way of divi- dends, 71c is paid out in taxes in Canada," said lir. Dobson. Answering the criticism some- times voiced, that banks are invest• ing too largo a portion of their funds in Government bonds and too little itt assisting business tee terprises, Dir, Dobson said, "we cannot compel unwilling borrowers to use our surplus funds if, for various reasons, they are not pre• pared to expand their "business. It would be a strange type of banker who would prefer the small retrru from Government bonds to the more remunerative commercial rate." Mr. Dobson also pointed mit that control of "credit" is not with- in the power of the Chartered Banns but is a prerogative of the Bank of Canada, which alone de- cides whether a poliey of "easy" or "tight" money is to be pursued. The attention of tate shareholder's was also brawn to the educational publicity conducted by the banks through the newspapers last year. "It is hoped these ariieles will help to clarify in the public mind what banks can do and what they are not permitted to do, and at the same time emphasize how necessary a safe and sane banking policy is to the welfare of the country.,, BUSINESS OUTLOOK Canada hail escaped the more serious effects of the recession in business which first appeared in the United States about eighteen 'months ago, concluded Mr. Dobson, Conditions in Canada had remained comparatively stable and results achieved in 1938 could be regarded as reasonably satisfactory. "The present outlook includes a number of factors which are distinctly en- couraging." ire said, "and I look forward to the future with eon- Iidenre', ars I believe few countries frrtvc as r 'tntlsfn# n. future as has (1111' ntVn,"