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HomeMy WebLinkAboutZurich Herald, 1954-01-28, Page 6;FABLE TALKS The cookery editor of The Farm Journal -- published in Philadelphia — recently had the bright idea of asking the various editors of that fine magazine for their favorite -dishes, with re- cipes for same. The results were so interesting that I'm going to pass some of them along my readers. * * GRAPEFRUIT STICKS • Remove rind in sections from 3 grapefruit ,(Use grapefruit pulp in fruit cups.) • Scrape away white inside o2 rind. • Cover rind with cold water and soak 12 hours. Change water frequently. • Drain, Cut rind .into ire -inch strips with scissors. (Should make 6 cups.) • Cover rind strips with water and bring to boil. Drain. Repeat twice, or until rind is tender and no longer bitter. • Addto rind 3 c. sugar c. warm water • Cover; bring to boil. * Remove lid, cook until syrup evaporates. • Roll each stick in sugar. Cool. Food coloring may be added to syrup. * * CHERRY PIE • Prepare pastry for 2 -crust, 9 - inch pie. • Drain 1 (No. 2) can sour cherries • Save juice. • Blend together in saucepan 11/2 tblsp. corn starch i!2 c. sugar • tsp. salt • Stir in cherry juice. • Bring to boil; remove from heat and stir in 1 tblsp. lemon juice 1 tblsp. butter red food color- ing • Add cherries and pour into pastry -lined pie pan. Cover with top crust. Cut for steam vent. •Bake in hot (425°) oven 40 minutes. Serve warm with scoops of vanilla ice cream. * * * BOILED CUSTARD • Beat until thickened 3 eggs • Add z/ c. sugar • Beat until sugar is dissolved. • Scald 1 qt. milk • Add milk to eggs slowly. • Cook, stirring, in top of double boiler, until mixture coats spoon. • Add I/2 tsp. vanilla Ys tsp. salt Y34 tsp. nutmeg • Cool. (If custard separates when it stands, smooth with fur- ther beating.) • Pour -into dessert glasses or bowl; top with spoonfuls of whipped cream, toasted coconut, and a cherry. Serves 8. k * * CRANBERRY -WALNUT SALAD • Combine 2 c. cranberries "'3/4 c. water • Cook until skins burst. • Add 1i/ o. sugar • -Cook three ' minutes longer. • Combine 1 pkg. lemon - flavored, gela- tin 36 c. boiling water • Stir until gelatin dissolves. • Combine cranberries and gela- tin. • Chill until syrupy. • Add 1 c, diced celery 34 c. chopped black walnuts • Pour into 1 -quart mold. Unmold on lettuce leaves. Serve with whipped cream dress- ing. Mermaid Headgear -- Shapely Charlotte Austin submerged her- self in atmosphere during the Filming of a movie about sponge fishing and came up with a bright idea which turned out to be a sponge hat. The deep.sea millinery is made from a hollow - td -out uncured sponge, covered with colored sea shells and trim- med with a jaunty feather of seaweed. Glad To Be Back — Horne after 6,000 mile journey by air from Liberia where she became the first victim of poliomyelitis in the country's history, Mrs. David Graham, 29 -year-old mother of three children will receive further treatment in Toronto, arranged by the Ontario Chapter of the Canadian Foundation for Polio- myelitis. Mrs. Graham is shown with herhusband and TCA stewardess Kay MacKay. as Dir. World r ra C Re4,� f ly .y . Faker? ded Him Alar and 'Cheat Every schoolboy is taught that Peary was first at the North Pole. But was he? Telegraph wires at Ledwick in the Shet- lands hummed on September 1st, 1909, with a message which was to cause world-wide excitement, Signed by Dr. Frederick A. Cook, .it ran: "Reached North Pole, April 21st, 1908. Discov- ered land far north." Thus, after almost two years of silence, Cook — long since believed to have perished in the eternal cold of Arctic snows — sent the triumphant news of his achievement. When the blubber ship Hans Egede, bearing the adventure, docked three days later at Co- penhagen, nearly 100 newspaper- men swarmed aboard. Cook was offered huge sums for his story, but he accepted a meagre 4,000 dollars from Hampton's Maga- zine. He might have scooped twenty-five times as much. The Crown Prince of - Denmark greeted him. He dined with the king at the royal palace. All the glory that fame could bring was his. Then, as adulation and uni- versity honours showered at his feet, a second; sensational tele- grem arrived. Robert Edwin Peary, having failed in six pre- vious polar attempts, sent this news from Indian Harbour, Labrador: "I have the Pole, April 6th, 1909." To his friends and influential backers, it seemed that Cook had beaten him in his life's ambi- tion by 350 days. But two clays later, Peary dispatched another telegram. 'Do not trouble about Cook's story . . . he has simply handed the public a gold brick. The above statement is made advisedly and, at the _proper time, will be backed by proof." Now, the fat fairly fizzled as a Polar battle of Claims broke out between these rival Ame- rincans. Certain English jour- nalists won valuable kudos, professionally, for debunking Cook. Famous one day, ignominious the next, he found himself branded' as "The Man Who Stole the North Pole." Even friends discredited and reviled him. .He stood accused of either having perpetrated a tremendous hoax, or -- and this was the kinder accusation — they said he was suffering from hallucinations, due to near madness forced on him by terrible privations. Cook had left his records, sci- entific instruments and diaries in Greenland. Harry Whitney, an American millionaire, who had welcomed him back from his savage journey with: "Doc- tor,' you're . the dirtiest man I ever saw," badly wanted to bring this evidence from Green- land to America. To do so, how- ever, he needed to travel on Peary's ship, the Roosevelt. And Peary's attitude was: "Leave those documents behind or there's no pasage for you," Was the world justified in brandishing Cook a liar and a cheat.? On February 19th, 1908, Cook left his Greenland base, An- noatok, with ten Eskimos, eleven. sledges and 105 dogs. On March 31st, with 520 miles still to go and 400 miles of overland travel behind him, he shed his support group. Accompanied now by only two Eskimos, two sledges carrying 800 ib. apiece and twenty-six dogs, Cook struggled. on. Such resources, his critics eharged,would sustain bine fox. Only two months in Polar condi» lions, Yet Cook and his aerie panions survived f our t e en months. Was that possible, The answer lies in the en- thralling, tensely written , ac- count of his experiences, "Re- turn from the Pole" Cook died in 1940, but he left this hand- written manuscript — now bril- liantly edited by Frederick J. Johl — as a last effort, after a lifetime of hardship and abuse, to substantiate his claim before mankind. "What a lifeless desert of floating damnation we invaded," he wrote. "Eating mainly dried meat and tallow, camping in domes of crystal, shelters of snow -flakes, with snow for a bed, ice for pillows, mere exist- ence became more and more a desperate challenge, but we steadily advanced towards our goal." On April 21st and a:Z'rrd the trio stood at what Cook believed to be the North Pole, the -hid- ing place of Tigieha or the Big Nail of Eskimo legend. His sex- tant and other instruments, so he avowed, gave the latitude as ninety degrees a n d longtii:ude zero. The •, men's shadows never altered in 'length 'throughout the twenty -four-hour sunlit d a y. Such evidence, if true, described the earth's top. As his party struggled ba r, Cook's calculations went adr?t. With the' sun obscured by �- palling. ; storms and fog,• tie t direction. ' ' -all 'tion. In, i - a .sense of ec recta line, the route home stretch- ed only 700 miles, but without the help of the sun, this devel- oped frith a nightmare trek of 4,000 miles, blasted almost ceaseiessly by blizzards. Stores gave out. The men be- gan to eat their dogs. Then a polar bear was sighted, and shot. Too exhausted to start a fire and ..cook the meat, they ate raw bear steaks revenously. For months they lived on a raw meat diet. Gulls and ducks, which they snared or caught with sling -shot, alternated at intervals with bear, seal, walrus and musk-ox meat. They had no seasoning, no bread, no salt, no vegetables. Yet, contrary to scientific belief, none of them became ill with scurvy. Eventually the trio stumbled out of this white hell and en- tered an Arctic gameland, In this veritable Eden the men perfected a technique for kill- ing musk -oxen.: Lassoing a choice bull by the horns, and fixing the thong ends to the ice, they thus immobilized his as- sault weapons and drove lances Mat Nolo -w A new note in mil - finery isachieved by the addict tion of this, musical, note with alt Monocle affect. Peeking through the musical note Is Gillian Taitr sti :London, England,, model who *teems to have music en her inlnd1 A The Annual Meeting of Shareholders The Royal Bank of Canada Canadian Export Trade, Domestic, Living Standard, Endangered by "High Cost Economy". Costs must be Competitive with Foreign Producers, Says President Flexibility needed to meet new conditions. "Time ripe for dollar countries to show good faith by reducing trade barriers and red tape as aid to Britain in making pound convertible." The tendency to become a high-cost economy in which na- tural and artificial barriers pre- vent Canada from achieving the degree of flexibility and mobility required for orderly adjustment was the main theme of the •ad- dress of James Muir, President, at the Annual General Meeting of Shareholders of The Royal Bank of Canada. Increased flex- ibility is needed, he maintained, if Canada is to make those price adjustments necessary to main- tain stability and prosperity at home, and insure a competitive .position in world markets. Can- ada, he declared, should also fur- ther in every possible way the movement towards a world of %liberalized trade and convertible currencies. "A thriving export trade," said Mr. Muir, "is a means not only of paying for imports, but of curing,se- through quantity produc- tion, ower costs for Canadian goods whether these are exported or . consumed at home. Canada can hope to maintain her standard of living only if she keeps her costs conip ate-iyy competitive with those of producers abroad. HIGH COST ECONOMY "Costs and prices in the Cana- ` dian economy tend to be in- sulated in two- ways: first, there are business taxes, sales taxes, excise taxes, and customs duties which, because they are largely at the manufacturer's level, are embedded in the cost base. Sec- ond, there are certain "invisible insulators," whose existence is none the less evident, which make some Canadian prices even higher relative to foreign prices than the disparity warranted by taxes, duty, and costs of trans- port. For example, a certain British book that, retails in the United Kingdon for les. (or at the current :;rate of exchange $3;- 92) sells 'for' ;$5.08' in New York and $7.50 in Toronto. A certain piece Of British manufactured. equipment retailing at £41 in the United Kingdom (the equi- valent of about $112 Canadian) titins $219 in the; United States -gill $275 in Montreal. An Ameri- can-made article of household equipment sells for $77.50 in New England; but the price of the same article in Montreal is $149.00 MONEY MARKET NEEDED "We must not ignore the fact that the attitude of our govern- ment is ,;generally eine that fav- ours freedom of international trade and exchange. Pressure for special treatment, even when backed by evident hardship on the part of some producer groups, has been met by clearly moderate concessions. Moreover, as I have already said, our monetary authority has adopted a policy appropriate to a nation that must maintain a competi- tive position in foreign markets. Not the least important aspect of 'this policy has been the active encouragement by our central +bank of a money market in 'Canada. The Bank of Canada's ;activities and its co-operation with financial institutions in this respect have led to great im- provement. But today something more is needed. It is time now for the chartered banks and all other financial institutions in Canada not only to support the efforts of the central bank but to take positive steps to increase their own initiative and activity in the development of a Cana- dian money market. Such a „market is not only a symbol of economic maturity and strength but is in fact prerequisite to continued progress in a country, like Canada, whose economic future depends on the expan- sion of world trade and invest- ment. DOLLAR AREAS' ROLE "We seem nearer to conver- tibility today than we have been since the imposition of wartime exchange control :throughout most of the world; 'but the prerequisites to con- vertibility have not changed. "Since the end of the war the lworld's hopes for convertibility have waxed and waned with Britain's exchange reserves. To- day with reserves at $2,520 mil- lions and steadily improving, Britain can afford once more to consider freeing the pound ster- ling with the great advantage that now she will move from a `position Of strength rather than weakness, GOOD PRESS ABROAD EN. COURAGES COMPLACENCY "The means to our stability and prosperity involve an in- creasingly mature attitude on our own - part towards our future role in the society of nations. The amiable charge commonly levelled by critics at home and abroad that, as a nation, Canadians tend to be unduly conventional and complacent is not without foundation. These character- istics may actually be further encouraged by the good press we continue to get abroad. Yet nothing could be more dangerous than the bland as- sumption that as a people we are impressing the world wrth the superiority of our char- acter and accomplishments. "More correctly, perhaps, our situation is akin to that of an heiress who can never -be sure that she is admired for herself and not merely for her wealth. Our great wealth of natural resources is an inheritance which, like an individual's inheritance, i s evidence of good fortune ra- ther than talent. We have still to prove that we can make the most of these natu- ral resources in building a great nation. "It is true that foreign in- vestment is a relatively small part of Canada's gross public and private investment; but it is precisely this foreign in- vestment that has provided in good measure the risk capital needed in resource develop- ment. This is the usual course of events in a rapidly grow- ing country..Nevertheless, un- til we prove ourselves, it is safer I think to proceed oir the unflattering assumption that our popularity abroad is ,based not so much on what we are as on what we have. "Canada is so dependent for prosperity on a healthy flow of goods, :services, and roves- ment funds across her bor- ders that the maintainance of favourable opinion abroad is an especially important con- sideration. "But, if we are not to dis-e appoint our friends abroad and even more important if we are not to fail in achiev- ing the economic develop- ment promised by ' our great natural resources, we must adopt those long -run meas- ures that remove or reduce certain special barriers to our economic growth. The most important of these barriers is the smallness of our popu- lation with a consequent nar- rowness of our national mar- ket." "I think we can say that Bri- tain and her partners in the sterling area, as well as most of her NATO partners in western Europe, have not only accept- ed convertibility as desirable in principle, but have in fact sub- jected 'themselves to the discip- line in their domestic monetary and fiscal policy which is one of the prerequisites to converti- bility. "I believe the time has com.e for the dollar area to show evi- dence of good faith by reducing , trade barriers both in the form of tariff duties in the form ,of customs formalities and reel tape. The dollar area must in addi- tion show willingness to under- take certain responsibilities in the international monetary field. ULTIMATE REWARDS GREAT "I have emphasized the seri- ousness of the , problems we have to fade both in the imme- diate and in the more distant future. This does not mean that I have anything but the most abundant faith in our ability as a nation to solve our problems; but I have thought it better to risk some over -emphasis than to encourage false hopes. The eco- nomic policy required to solve these problems will involve the sacrifice of expediency to sound principle in a number of mat- ters where the choice must be politically very difficult. But the ultimate reward is great; no less in fact than the growth of Cana- da to the economic stature she needs to take her place among the great nations of the world." General Manager Reports Assets Over $2.8 Billions T. H. Atkinson, General Mane ager, in reviewing the bank's 1953 report, stated that total as- sets of The Royal Bank a Canada have now reached the imposing total of $2,895,856,189. This he said, was a new high mart in Canadian banking his- tory, and is the highest ever re- ported by any Canadian bank. Deposits likewise had reached record totals, said Mr. Atkin- son. They now stand at $2,734,- 644,076, an increase of $207,133,- 639 over the previous year. "I$ is encouraging to • note," said Mr. Atkinson, "that Canadians generally continue to save a reasonable proportion of their incomes. The increase in depo- sits of the bank has been ac- companied by the expansion in the - number of accounts on our books. We now conduct over 2,350,000 accounts, and it is of interest to note that the number of deposit accounts in Canada has more than doubled since 1942. t 1VIr. Atkinson reported profits for the year had increased $1,- 506,051 over the previous year. After providing for taxes, de- preciation and dividends, the net profits for the year amounted to $8,635,136. The bank's Reserve Fund now stands at $70,000,000. This, the President noted, was • for the first time in the bank's history, equivalent to twice the bank's Paid-up Capital. This year's increase in this fund, he said, had resulted from the transfer to it of not only a part of the year's earnings but also of $12,000,000 from the bank's reserves for contingencies The bank's programme of branch improvement continued during the year, Construction of a new building to house its Calgary business was com- menced, and a new building for its Hamilton Branch will be un- der way shortly. 6 new branches and 4 sub -branches were open-' ed in Canada, and 3 branches and 4 sub -branches were open- ed abroad, bringing the total number of branches up to 793, of which 70 are in the foreign field. ROYAL BANK ABROAD Mr. Atkinson dwelt on the growing number of the, bank's branches abroad, especially -in the West Indies and British • Guiana. The bank 'now operates 66 full-time and 4 subsidiary branches abroad, and now has under consideration the opening of,. two additional offices in the Caribbean_ area. "Naturally the. volume of our business • abroad fluctuates with the trend of conditions in the many countries where we oper- ate. From time to time ex- change restrictions imposed in certain countries delay • remit- tances but, on the whole, over the long period your bank has operated abroad, a satisfactory solution has always been found to such temporary problems, and the contribution made to the' overall earnings of the bank by the foreign division has always been worth while. It is, there- fore, gratifying that I arn in a position to report that profit - wise and in other respects re- sults have been excellent from our overseas division for the period under review. "With respect to the general character of our business abroad, we continue our policy of wide distribution of risks and our portfolio of loans and investments is diversified and sound from the standpoint of liquidity." PRAISE FOR STAFF "The past year's business, the biggest in the history of Cana- dian banking, was built' on 'pre- cisely the same foundation as has served this bank sc well ever since its first days. There is little spectacular or dramatic about it: there are no secret weapons in our. armoury . The base of our success is the super- ior service given by our front -line staff in courtesy, friend- liness, helpfulness and genuine interest in our customers' wel- fare. The work of executive officers would be of little avail without it. "Wherever we go, we hear from customers — some of them old -established, some ne±eand some casual — about, hoer gra- ciously they have been treated by our branch officers. That reputation is an asset beyond calculation, and in behalf of the executive I thank every mem- ber of the staff for his and her part in building it." onto his vulnerable parts. A 'bullet would have been simpler . "but by this time they had used them all. With this ox meat, they built tip a winter's hoard before set- tling down to spend the 'months Of darkness in a .coflfi.n-like " un- derground cell.. - Fere, to thein' jxitense jot, • tiny Arctic blue rat and bis mate those to hiber- nate with them. . Wheat Cook emerged from this .retreat, thirty-five days of slow overland arudging took him to Cape Faraday, far from haunts of game, "Every . fibre of our bodies quivered with cold and/hunger," he writes. "In des- peration, we .ate bits of ;skin and chewed tough walrus lines. A half -candle and three cups of hot water served for several meals," Friendly Eskimos brought the three of them into Ant oatok on April 18, 1909,.all alive, but black with unwashed grime, famished, and their protective clothing in tatters. They had eaten parts of their boots and leather lashings. Cook unfolds his epic tale without trace of bitterness or vainglory; it is a remarkable ac- count of endurance, brave com- panionship and savage hunting in the land of the frozen wastes, You should read it.