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HomeMy WebLinkAboutZurich Herald, 1955-01-27, Page 2,TA LE T clam Awitews. That cookie jar getting empty again? Well, it's a habit it has in most families, in summer or in winter, especially the latter. So here are a few recipes for "filling," all of them highly rec- ommended. * * * ORIENTAL CHEWS 2 cups brown sugar 2 eggs (large)- 1 large)1 cup flour 34 teaspoon baking powder 24 dates, cut fine 1 cup chopped walnuts Put brown sugar in bowl and break eggs into this; mix well. Add flour sifted with baking powder; add dates and nuts and mix well. Spread on well - greased shallow pan. Bake at 350° for 40-45 minutes. Cut into squares while still hot. * * * MOLASSES DROP CAKES 2 eggs, beaten 1. cup sugar 1 cup sorghum or light molasses 1 cup melted shortening 1 cup boiling water 1 teaspoon each, salt and ginger 3 teaspoon soda 43/2 cupfuls (about) flour (do not make too stiff) Mix all ingredients together in the order given and allow to stand 20 minutes in the refrig- erator. Drop by spoonfuls on Bookie sheet and bake at 360° F. Frost with orange or vanilla frosting, if desired. * * x OLD FASHIONED COOKIES n/2 pound butter 2 cups sugar 2 eggs 3 cups flour 1 teaspoon baking powder % cup milk 1 teaspoon vanilla Combine sugar and margarine and then add eggs and mix thoroughly. Add milk. Sift flour and baking powder together and combine with first mixture. Add vanilla. Roll and cut with cookie cutter (I use heart shape). Bake on cookie tins at 325° F. from 7 to 10 minutes. KEEPS NECK WARM — Mink tails and matched pearls are com- bined to make this expensive bit of finery for Formal wear which was recently modeled in Rome, Italy. MAGIC DOUGHNUTS 31/2 cups sifted flour 4 teaspoons baking powder 1 teaspoon each, soda and _ - salt 34.s teaspoon fresh ground nutmeg 2 small, or 1 large, egg' 1 cup sugar 1 cup rich buttermilk 2 tablespoons butter 1 teaspoon grated lemon rind Sift together the flour, bak- ing powder, soda, salt, and nut- meg. Beat eggs and sugar to- gether until light; add butter- milk, shortening and lemon rind. Add flour mixture to egg mix- ture and mix thoroughly. Chill dough overnight or for several hours. Divide dough into 4 parts and roll each part separately to Y4 inch thickness. Cut with floured doughnut cutter. Fry in deep, clear fat (375° F.) until golden brown. Cool and coat with confectioners' sugar. To coat: put doughnuts in paper bag with sugar and shake gently. Or, doughnuts may be iced with chocolate or vanilla icing. * * * Finally, here's the recipe for a cake than, doesn't need any topping, for the simple reason that the topping is baked on. It's especially good when eaten fresh from the oven. * * * BUTTERMILK CAKE 2 cups flour • le cup butter 2 cups brown sugar 1 egg 1 teaspoon soda 34 teaspoon salt 1 cup buttermilk 1 teaspoon vanilla Mix flour, shortening, and sugar until it is the consistency of cornmeal. Add beaten eggs. Add soda and salt to butter- milk and mix well. Add i/z the buttermilk mixture to flour mixture; mix well. Add remain- ing emaining buttermilk mixture; mix well. Add vanilla. Pour batter into shallow, greased baking pan and sprinkle with following topping. Bake 30-35 minutes at 350° F. TOPPING 2 tablespoons sugar 1/2 teaspoon cinnamon 1/2 cup. chapped nuts Combine all ingredients. fro ' ey H ver - Even the most blase globe- trotter gasps when he enters the famous "Copper Room" in Bre- men; it is part of an inn whose proprietor's taste in interior dec- orating has taken a unique form. Gleaming on the wills and ceiling of the room are 10,574 genuine German copper pfen- nigs. In some cases the coins are' arranged to form figures which include Bacchus, the god of wine, and Lucullus, the cele- brated Roman gourmet. Hans Herbert Giethmann, the innkeeperexplains: "It was my idea. dea. For weeks on end she mused how to attract cus- tomers. Then she remembered that in the early 1920's, shortly after the inflation, a German innkeeper plastered his walls with million and billion mark. notes, at that time.almost worth- less, and thought of the coins. Ten thousand German pfen- nigs equal approximately $30. INFRAFROST—The "frost" Florida visitors never see is captured by the camera with use of an in- frared filter and film •at Miami Beach. White effect is given by wavelengths of light below the visible spectrum, which humans sense as heat waves. Plan To Avoid The Common Cold A miracle cure for the com- mon cold is in the offing, a medi- cal research team reports, but in the meantime family doctors continue to use a verbal vac- cine that was probably first prescribed by Hippocrates him- self: "Keep your feet warm and dry, and don't sit around in. drafts." Chilled, wet feet are one of the most common causes of colds, the medical men say, and can touch off a lot of foot troubles, too. But this doesn't mean you should suffocate your feet in extra -heavy socks and shoes made of impermeable ma- terials. They'll make your feet perspire, leaving them a prey • to blisters, skin:; irritations, and even frostbite when the weather gets cold enough to freeze the unevaporated moisture. To keep your feet at a com- fortable temparture, many doc- tors recommend the •wearing of medium -weight hose and all - leather shoes. Leather's finely interwoven fibres are a natural insulating material, permitting the feet to "breathe" and 'thus quickly evaporate foot moisture, while allowing cool, dry air to enter the shoes. Your feet will weather the winter months better .and give your respiratory system greater resistance to cold germs — if you treat them to a nightly soak in warm water, • followed by a short exercising session that will loosen up the numer- ous tiny muscles and ligaments and whip up blood circulation. Before you go to bed, try walking on tiptoe two or three times around the room, then rub the soles of your feet vigorously with a dry towel. )F.,z 3 44, True, happiness . springs from Moderation •.-• GOETHE 0749 - 1832) q3.M mt of Seagram Men who think of tomorrow practice moderation today Modern Etiquette Q. How long is it correct for a hostess to wait for a tardy dinner guest? A. Fiften or twenty minutes. It is said that nothing short of illness in the family excuses one for being late for a dinner en- gagement. At any. -rate; the:: tar: dy guest's excuse to his hostess should be a very good one. Q. Is it considered improper to use the knife in °cutting- the lettuce in a salad? A. There is no ban at all against cutting the salad with a knife. Lettuce can sometimes prove very stubborn when one tries to cut it with a fork. Q. Is the prefix "Mr." ever omitted from .a man's card? A. It is omitted from his business card, but never from the card which he uses socially. Q. Whose place is it to pro- pose a toast at the reception to the bride and bridegroom? T. The best man, whereupon the members of the wedding party and the guests rise to drink the couple's health. Then the bridegroom rises and ex- presses thanks for himself and his bride. Q. Ls it proper to sip your coffee or tea with the spoon? A. Not the entire cup. The spoon may be used for tasting only, never for drinking. After stirring- :y..Q,1tr..,laeverage and tasting, lay the spoon in the saucer and let itremain there. Q. I have sometimes noticed a man holding a cigar or pipe in his mouth while talking with a woman. Isn't this considered very rude? A. In conversation with a woman, a man of good breeding will always remove his cigar, cigarette or pipe from his mouth. Q. Is the double -ring mar- riage considered proper these days? A. Whether the man wears a wedding ring or not is entirely a matter of , personal taste, and not of etiquette. He may or may not wear a ring, and in either case he will be perfectly proper. NEW STAMP—"Towered Italia'° is the theme of this stamp just Issued by the Italian govern- ment. It has the head of a young woman wearing a towered -wall crown. The crown is symbolic of the many towers in Italy, such as the one at Pisa. Annual Meeting of Shareholders The Royal Bank of Canada 1955 to be "Year of Decision" for Canada, Determining Economic Welfare for Years to Come, Declares James Muir Prosperous Future Lies in Improving Competitive Position, Not in Hiding •Behind Trade Barriers. Scope of Existing Agencies Should be Broadened to Provide Long -Term Export Credits The conviction that 1955 will be a "year of decision" in which the solution of immediate prob- lems will have a tremendous capacity for good or evil in Canada's future was expressed by James Muir, Chairman and President, at the Annual Meet- ing of Shareholders of The Roy- al Bank of Canada. Only .a rare combination of statesmanship and good fortune, he declared, could guarantee a proper solu- tion of these problems. "In- a period of obvious infla- tionor deflation," said Mr. Muir, "it i • s comparatively easy to de- cide on the appropriate direction of monetary and .fiscal policy, and"the major problem becomes that�of .choosing the combina- tion_; that achieves maximum effectiveness with the least cost, Wand dislocation to the economy. The really difficult decisions must be made at a time like the pres- ent when it is still unsafe to pro- nounce inflation entirely cured and still less so to assume 'that the paramount danger of the moment is the galloping defla- tion of the early 1930's. ECONOMIC PRO LEMS • "The problems posed by the high cost economy °become more acute with every increase in the competitive threat of foreign industry to Canada's markets at home and abroad. Pressure for protective measures becomes more insistent as the immediate effects of 'sharpened competition become apparent. I am still of the opinion that Canada's fu- ture lies on the side ,of improv- -Mg her competitive position rather than isolating herself be- hind heightened barriers to trade. "Increased protection is no answer. The disadvantage .of our dollar's high exchange value is general: it affects all Can- adian producers. It imposes a tax on exports and a subsidy on imports. Protection helps only those Canadian producers who must compete in the home mar- ket against imports: it • does nothing for our exporters ex- cept to subject them to a fur.. •cher rise in domestic costs and hence to a further limit on their ability to compete in foreign markets, LONG-TERM FINANCING "The noticeable decline in ex- ports since 1952 may also be at- tributed to a number of inter- related causes: price declines, in creased competition from low cost producers abroad, the re- covery of industrial capacity in war-torn countries, and the like. All these tend to alter relative cost and price relationships in the world market to Canada's disadvantage. But, in addition to the important matter of rela- • tive costs, a new factor has been injected by Euopean suppliers who are able, with government support,, to offer long-term fin- ancing to their customers in the world market. ' "In view of the importance to Canada, today and in the future, not only of maintaining exports, but of maintaining in- tact her industrial legacy from wartime expansion, it seems abundantly clear that definite action should now be taken to provide our traders with the credit facilities they lack. These facilities rniglit take various forms; but, in general, they could be provided by a corpor- ation, owned partly or wholly by the Government, with the power to discount export paper of longer term than chartered banks can handle. The essential function of such a corporation could indeed be provided very simply by widening the scope and operations of existing got- ernment entities now active in assisting trade and industry. FORESIGHT mamma) ) "We have the natural re- Arinsmassuang 1955. YEAR OF DECISION "I believe that 1955 is a 'year of decision' in which our solution of immediate prob- lems will have a tremendous capacity for good or evil in the years to conte," said Mr. Muir. "During 1954 we have seen not only a defeat of in- flationary forces in the econ- omy but the reappearance, at least in a shadowy form, of the deflationary bogey of the 1930's. In January, 1954, I referred to the fact that the, inflationary boom had already become, for some sectors of the economy, a thing of the past. Since then we have seen a rise in unemployment and a reduction of some magni- tude in certain components of the N a ti o n a l Accounts as well as in the Gross National Product itself. We have seen as well increased competition in home and for- eign markets from the re- vived industry of the United Kingdom, Western Europe, and Japan." "Within an overall climate of political and economic freedom, our policy decisions, in government and business during 1955 should take due account of four interdepend- ent goals of an econornic policy directed towards the economic welfare of the com- munity. The first of these is to ensure that our human re- sources are not wasted in in- voluntary idleness; that is, we should try to maintain a high and stable level of busi- ness activity and employ- ment. The second goal is to ensure that our resources, when fully,. employed, are al- located in such a way as to produce the maximum vol- ume' of goods and services and to bring these goods and services to market in the pro- portions in which consumers want them. The third goal is to ensure that the distri- bution of the national prod- uct and income combines equity with the highest pos- sible incentive to increase the total amount of product to be shared. The fourth and final goal is to ensure that all our policy decisions are con• sistent with an appropriate rate of economic progress and growth in the economy as a whole," General Manager Reports Assets Over $3 Billion T. H. Atkinson, General Man- ager, in reviewing the bank's 1954 report, stated that total as- sets of The Royal Bank `of Can- ada have now passed the three - billion mark. This, he pointed out, was a new record in the history of Canadian banking, and an indication of the bank's pre-eminence in the opinion of the public. Deposits had also reached rec- ord totals, said Mr. Atkinson, pointing out that they now stand at $2,797,548,149. "It would have been reasonable to expect a de- cline in loans to accompany a falling off in the gross national product," he commented, "but this has not been the case, al- though the pace at which loans were expanding has slowed down. Our loans have increased to a total of $1,188,022,047." Mr. Atkinson said that for the first time, the revised Bank Act enables banks to advance money against new residential construc- tion under the National Housing Act. 'We hadadvances outstand- ing .in this category amounting to $22,672,390," he said. "Actual- ly our total commitments are something over $62,000;000 =-- the difference between the two amounts to be loaned as con- struction approximately 40% of repre- sentsroceeds. This he app Y total commitments of all the banks." ROYAL HANK ABROAD • Mr. Atkinson reported that the bank's foreign branches had made further progress during the year, with •most satisfactory results. "In keeping with our past pol- icy oiicy of extending our services to new areas where development warrants banking facilities, we have . opened one the branch yeartside and Canada during past in the near future will open three more in the Caribbean area which will bring the total of our foreign branches to 74. These 74 branches mean 74 Ca- nadian representatives abroad whose services .are at the dis- posal of Canadian businessmen to give them first-hand informa- tion on conditions in their re- spective localities. At a time when Canadian export trade has been declining as a result of in- creased and intensified competi- tion from other exporting coun- tries, these 74 information cen- tres abroad can be of inestimable value to Canadian exporters by assisting them through up-to- date and first-hand knowledge of the local markets, "Our foreign service is a source of great pride to us and, we feel, justifiably so. During the past 55 years, we have built up an enviable reputation abroad and are very much an integral. part of the business life of the countries where we 'operate: in fact, in some cases we are con- sidered a local bank rather than a foreign one, • sources necessary to make our own efforts worth while; and so in the end our progress depends upon the quality and quantity of our human resources. 1 do not 'think we need have many doubts about the high quality of our human resources. But it re- mains for far-sighted policy in 'business• and government to en- sure not only that this high quality is fully and efficiently used, so as to realize fully our capacity to produce and prosper today, but that we achieve the •proper degree of expansion in the quantity of these resources available for use tomorrow. We must start today to create the economic environment that will both encourage, and enable us to take full advantage of, that growth inpopulation and capi- tal without which we cannot realize the great potentialities that lie in our wealth of natural resources. "How we meet our problems in this year of decision will, as I have said, profoundly affect the direction and rate of Can- ada's growth. If the decisions we make are in keeping both with the realities of the present and with those of that greater Can- ada which can be seen in out- line even now, we may safely GREAT STAFF TEAM "Including maintenance staff, technicians and others with spe- cial duties, we now employ . well in excess of 15,000 people. They are welded into a great and res- olute team which takes second place to none. 1954 was no ex- ception to the pattern of the post-war period which has seen the emergence annually of in- creased volume and new busi- ness procedures to place fresh demands upon the staff. Again the challene has been met with skill and devotion. "We are proud of our stall, not only for what they accom- plish on public counters and at their desks but for the services they • perforin voluntarily out- • side the bank in the hundreds of communities in which we are represented. We have tiles of heartwarming letters as elo- quent testimony that their ef- forts do not go unappreciated. leave our doubts behind and, by snaking the decisions appropri- ate to greatness, bring greatnes>D itself within our grasp."