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HomeMy WebLinkAboutZurich Herald, 1956-01-26, Page 2ha N HAIRST re" awl -octal, "Dear Anne Hirst; I don't quite know how to explain my predicament but I have follow- 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. 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 see what is wrong with her. I cannot bear her to leave me, S!a..E rt V Cover reettnet IAnnas• • Easy to crochet this lovely cover for any size TV set - in your faxorite pineapple, design! Crochet Pattern 891: Direc- tions for TV cover, 25 inches in i'To. 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 +cur Laura Wheeler Needlecraft atalog.. Crochet, knitting, em- ' broidery, lovely things to wear: jC7olls, iron -ons, quilts, aprons, novelties — easy, fun to , make! ',send 25 cents for your copy of this book NOW! You will want to order every new design in it. Doll Special DOLL.CLOTHES EACH FROM fiNE PIECE rens One 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 satis- * factoritly, their future is prat- * 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 * efforts they have made to keep * the other happy seem fruit- * less. They bothwant 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- * gether. If marriage really is * until death do them • part, all * of these qualities are essen- tial. * So wlien boredom sets in, • wives grow frantic saying • their . husbands have• changed * and they cannot .say why; * husbands sometimes seek new * thrills in 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 slie * 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. * IP 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 * you will consent, and with no * reservations. • No matter how * the experience turns out, she * will be grateful for your un- * derstanding. * Based on 3 undreds of such * crises, I believe that a little *-respite from her wifely re- ' ' sponsibi]ities will convince * her that it is with you she be. * longs; she willprobably re- * turn with -her spirit• refreshed * and a new appreciation of, al] * 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 80k4794'.7 E045746),.; 4oeedkir 1 with Wonderful ' New Active Dry Yeast. .•.tM'teesti ee ...,MARY ptsgmSY1'R 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 1/2 C. granulated sugar,11/4 tsps. salt, 6 tbs, shortening;' cool to lukewarm. Add to yeast mix- ture and stir in 2 well -beaten eggs. Stir in'3 c. once -sifted bread flour; beat until smooth, Work in 34. more once -sifted bread flour. I{nead until smooth and clastic; place in greased bowl; brush top with melted butter • or shortening. Cover and set in warm place, free from draught. Let rise until doubled in bulk. While dough is rising, combine 11/2 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 1/4" thick and 16" long; loosen dough. Brush. with melted butter • or margarine. Sprinkle with raisin mixture. Begin- ning at a long edge, roll up each piece loosely, like a jelly roll,. Cut into 1" slices. Place iupt touching each other, a cut -side up, in greased 7" round layer -cake pans (or other shal-' low pans). Grease tops. Cover and let rise until doubled in bulk,. Bake in moderate oven, 3506, 20.25 minutes. Serve hot, or reheated. Ut No more taking chances with perishable yeast cakes that have lost their leavening power! New - Fleischinann'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 resulrs.in your next baking. Cir "ear o mev/n *iis' szoto/y :/ 4600 FOR DOLL, 14"-20" ?+,LL 11A anenj ONE PATTERN PART for each item! Dress, cape, hat, over- alls, blouse, petticoat, panties and robe are so easy to sewfor 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. cornpleteillustrated instructions. Send THIRTY-FIVE CENTS (350) in coins (stamps cannot be acdepted) 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 Hirst's long experience is et your ser- vice, and a letter to • her explain- ing •the situation can guide you to happiness together. Write her at Box 1, 123 Eighteenth St., New Toronto, Ont: Millions in Debt To. One•SC1C9i aII 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 daysfor 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 chromo that hangs en 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." Rut 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'sseven-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 thedoings 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 naturefor himself. He didn't need money. He didn't want fame, And so the world would not 'get another book not for what most neo - pie 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." Economy ie. going without something• '& do want in case' you should some day want somes using 'which you probably won't want. Annual Meeting of Shareholders Tie Royal Bank of Canada 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. Solve .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 annul 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 tob far. It may also be unselec- 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.ehar.- tered banking system. I should. like to nominate two -"candidates and possibly three for the :at- tention of those charged with d e v i s i n g' and administering credit control on a selective • basis: consumer credit; term loans by banks; ant • (with cau- tion) mortgage credit. PROBLEMS OF CREDIT "Consumer credit, or `buying on time' is an essential part cf our modern econoihy. But, like all good things, it can be carried to extremes For the individual, tolive 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 an 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 are 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, is financed :without 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 forces, undoubtedlw made a contribution to instability. iai the eclonomin" 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 hie budget speech of April 5, 1955, the Minister of 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 level of out- put and employment.' "Now a high level of output and employment is reflected in the figure that measures the gross value of our na- tional production over the year. The new 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 gross 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 theshort rein. Meanwhile, monetary policy with' its greatly .• superior flexibility. cbuld be . relied upon to take care of short .swings in busi- ness activity, and employment, leaving longer run problems 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 overexpan- sion . might soon . become less serious, dueto natural causes and to the effect. Of policies now in .force. Home building and construction in general would be effected by' seasonal factors; factors; term loans by banks and the purchase of corporate securities were no longer practicable un- derpresent 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, inthese•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 Ran 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 year ago our deposits were $1,888,757,- 074, 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 bank's liquid position, he noted, contin- ued strong, total quick assets of $1,918,749,579 representing .61.24% of the batik'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 et< close to $151,000,000. This is a 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 $1,168,559,855 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 °hang-- ing conditions within the econ- omy." con-- o • Mr� Sedgewick also discussed the bank's extensive building and renovation programme. In addition to alterations and im- provements to existing premises 39 new branches were opened 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 an d ' 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 of the bank's foreign oper- ations. 'There was, he said, a need for Canadians in the bank's foreigis service and as a conse- quence • splendid opportunities existed in the Royal Bank's foreign branches for any Can- adian young roan interested in a satisfying and sucessfu] career in international banking. Mr. Sedgewick paid a high 'tribute to the bank's staff, which now numbers ' well over 14,500. "We are very pleased indeedto see a growing number of young men join 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_ else of ..paramount. im 'Ortance. "Thee very diversity ofd 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 in culture, in individual talent and skill,' ,in group interest and ac- tivity. I firmly believe that thin difficult task can be accom plished." Love •Tokens Love tokens are corning back into fashion, report some Son - dem 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 en who have donea 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 ;ao objection 'to the sales, pro- vided the badges are removed. • One of the Strangest love tO- kezie Was• that carried by a young Italian wherever he travelled in Europe:It was a• tear -stained pillory sent to himby a girl whose father had forbidden- her to marry hi. 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 uf a pretty Chinese girl • in London, in 1954, the bride carried a teddy bear, a love -token given to her by, her fiance when they becam engaged. GOOD BOOS He had been billed as a come- dian' at the local amateur vari- ety concert, but has turn wasn't at all funny. It was so bad that the audience began to boo him as he left, the stage. - Undaunted, he was about `to return to take a boW, when the stage manager stopped him. "Listen to the booing," he, said. "But l can hear some clap- ping among the booing," said the determined • amateur. "S es," retorted the exasper- ated' manager, "but that's for the booing:" ISSUE 4--- 19.4 20,000., MILES WITHOUT AN OIL CHANGE POS -MET calcic ui• oil drain plugs M all maks and models. by simply re- placing present oil. drain plug in .crank .. case developed by the, NATIONAL RESEARCH . COUJNCiL OF CANADA., $3, each. Phone or . write. H .& S. 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