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HomeMy WebLinkAboutZurich Herald, 1956-01-26, Page 4ANN+I31PStJ 1/a.n. "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, 4)f 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 bannot bear her to leave me, Smart TV Cover c'ka?LPE l;' "91 h ire • Easy . to crochet this lovely cover fair any. size TV set -= in your favorite pineapple, design! Crochet Pattern 891: Direc- tions for TV cover, 25 inches in • No. 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- onto, Ont. Print plainly PAT- trERN NUMBER, your NAME and ADDRESS. LOOK for smart gift ideas in our Laura Wheeler Needlecraft atalog.. Crochet, knitting, em- broidery, lovely things to wear. bolls, iron -ons, quilts, aprons, ovelties — easy, fun to make! end 25 cents for your copy of this book NOW! You will want to order every new design in it. 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? * Someobservers contend * that the first five years of * marriage are the most trying; * if a couple survive them satin- * factoritly, their future is prac- tically secure. But couples do * not get bored with marriage. * When either husband, or wife .senses he or she is being J* taken for granted, rebellion * arises deep within, and all the * efforts they have made to keep * the other happy seem fruit- * less. They both want the se- * curity of being loved, they * crave unrelaxing attention; * the certainty that in any major * disagreement each can de- * pendupon 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 when 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 she * 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, * Iri my opinion, she should * have that opportunity; if you * deny it: 'she may aceede 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- * der standing. * Based on kiundreds of such * crises, I believe that a little * respite from her wifely re- * sponsibilities will convince * her that it is with you: she be. * longs; she will'. probably re- * turn with -her spirit, refreshed * and a new appreciation of, all * 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 ilikife*TS-Vaster' eed,,r with Wonderful New Active Dry Yeast! to USE ,,POtAST tlIlVIN61.5N* 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 ;Tleischmann's Active Dry Yeast. Let stand 10 min., THEN stir well.. Scald 1 c. milk and stir in 1%2 C. granulated sugar, 11/2 taps. 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 dour; beat until smooth. Work in 3.c. more once -sifted bread flour. Knead until smooth and elastic; place in greased' bowl; brush top with incited 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 ecival por- tions; form into smooth balls, Poll each piece into an oblong . 1/2" thick and 16!' long` loosen dough. Brush with meltedbutter• or margarine. Sprinkle with raisin mixture. Begin- ning-at egin- ningat a long edge, roll up each piece loosely, like a jelly roll. Cut into 1" slices. Place jut touching sack 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, 350°, 20-25 =brutes. Serve hot, or reheated, 0 No Ince taking chances with petishable yeast cakes that have lost their leavening power! New • Xleischmann's Active Dry Yeast keeps full-strength and active right till the moment youuse it. Needs NO te£rigeration keeps safely as out cupboard. Try its mar - venous eesiilts,in your next baking. +t, /1 /' sP /r70/?at s , �o/y,1 Doll Special DOLI., CLOTHES EACH FEOM ��CiNE PIECE 4600 FOR DOLL, !4"-20" TALL of-24-stsj 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 completeillustrated instructions. Send THIRTY-FIVE CENTS (35S) in coins (stomps cannot be accepted) 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. at your ser- vice, and a tetter to'• her explain- iing • the situation can guide you to happiness together. Write her at Box 1, 123 Eighteenth St., New Toronto, Ont. Millions in Debt To. One Small 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 on 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 forthese truer -than -true histories? "Of • course we do," they ;nay ex- claim, "to Kenneth Grahame:" But 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 elm, write a story like. "Wind in the Willows?" • A little boy. That is the only answer. Grahame's seven-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 hewould rather. spend • the hours he consumed on a difficult 'paragraph enjoy- ing the , actualities of nature for himself. He didn't need money. He didn't want fame, And so the world would not get another book — not for What most peo- ple 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 Winter," Economy xs. going without something y& do want Yn case; you shoulct some day want some- thing which you probably won't want. Annual Meeting of Shareholders The Royal Bink 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. Some •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 annuel 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 too far. It may also be unselec- tive, curbing healthy as well =s unhealthy or excessive bank credit. In addition, certain types of credit, and these by no means the least inflationary, lie almost entirely outside the. char- 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; and • (with cau- tion) mortgage credit. PROBLEMS OF CREDIT "Consumer credit, or 'buying on time' is an essential part of our modern economy. But, like • all good things, it can be carried to extremes For the individual, to live in • constant heavy debt is to live inbondage; 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 .its 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 - teem, 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 loansby 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 nther' inflation- ary forces, undoubtec)l'r made a contribution to instability, iii the economy:" 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 his 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 leve] of output and .employment is reflected in the figure thatmeasures 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 strgng 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 the short rain. Meanwhile, monetary policy with its greatly superior flexibility. could 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 'revision's of the budget." Mr. Muir noted that the three varieties of credit over -expan- sion • might soon become" less serious, due. to natural causes and to the effectof policies now in .force. Home building arid construction in general would be effected by _seasonalfactors; terr'ri loans by banks and the purchase of corporate securities were no longer practicable un- der present 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. uthorities. There should be nothing,' therefore, in these 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, teenerail Manager, noted that not only had the assets of the Royal Rant 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 years ago our deposits were $1,888,757,- 074, approximately 61% of to- day's figure, whereas then our depositors numbered 1,555,359' as compared with 24557,909 at the present time," The bank's liquid position, he noted, contin- ued strong, total quick assets of $1,918,749,579 relax e senting .61.24% of the bank'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 of 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 as 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 prevt;•nt inflationary pressures. It is im- portant that the timing of any variation in such a policy should coincide accurately with chang- 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 a n 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 foreign ,service and as a conse- quence splendid opportunities existed in the Royal Bank's foreign branches for any Can- adian young man interested in a. satisfying and sucessful 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 indeed to see a growing number of young men join our staff and feel that they have attractive opportunities ahead," said Mn. 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. also of paramount. importance. "The very diversity of 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. "Ourswill be a unity in • diversity, 'with the attendant opportunity to ' take fullest ad- vantage of the division.,o1 labour; itself a product of diversity in culture, in individual talent and skill,',in group interest and ac- tivity. ' I firmly believe that this difficult- task can be aecom plished." Love Tokens Love tokens are coming back into fashion, report some Son - den 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- stired wedding bliss and warded off danger. But great -grandma would probably have been shocked to hear that some American Ser- vicemen who have done a spell of duty in Britain have recently bees giving their U.S, girl. friends policemen's old helmets as lave -tokens. Police. forces .which have dis- carded the helmets have raised no objection to the sales, pro- vided the badges are removed. • One of the strangest love 'to- kensi,was dint carried, by a young Italian wherever he, travelled in. Europe;'.' It was a tearstained pillow = soot tM him by a girl whose father had 'forbidden 'her to marry him. When the pair later • eloped, .ttatty took •the:'p11- • low with them . 'to their honey-" ):noon hotel. They say they will treasure it for ,the rest .Of their lives. • At the wedding ' of a pretty Chinese girl • in London, in 1954, the bride carried a teddy bear, a love -token given tie her by. her fiance when they ]became engaged, GOOD BOOS He had been billed as a come- dian' at the local amateur vari- ety concert, but his' turn wasn't at all funny. It was sobad 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 1 can hear some clap- ping among the booing," said the determined amateur. ‘`Ves," retorted the exasper- ated' rhanager, "but that's for' the booin" ISSVE 4 1956 2®;000 MILES WITHOUT AN OIL CHANGE POS -MET calcium• oil drain plugs At all 'makes and'models by simpy re• ' case, developed bdraine 1 plug RESEARCH COUNCIL OF CANADA.,, $3, each. Phone or write. H .& S. Distributors ReDm 314, i29 Adelaide St, W., Toronto, EMp3.6799 Salesmen •Wanted—Full or part time,. EZ 2 LEARN EZ 2 READ * * * This ABC System of Shorthand' enables you to qualify for a': Stenographer, 'in 10 weeks home study, It's .approved. 'Freefolder illustrates with-. out oblicoation. Writes Casson Systems 20 Spadina Rood Toronto;