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HomeMy WebLinkAboutThe Huron Expositor, 1936-10-30, Page 5•!: ,1 .14 , • ;;";••••••;',,,•••;,,,,;;;;1•;;;",,,(2,;•;'.;;;;;,,;,..;:•;,;; -;;;1;,;,..";•;:i';;•••.•,;;,4,..,,..;,*•••••.;;;.•„;••;•.•;; • • 0011011E4 3Q 1906, •1,Tinustsit -NOV plAyi gr;c9FITH RPIelieee, Flank; Caveats, titeTrin5GES .TO TQWN' :4 .., 4i,t• ,4• e. • ' -eerie: .**-. 1140. TuesIdaer.*'WedlleedaY Te. Truth About the. NW:06re Racket Iliferineere- "EXCLUSIVE STORY" with Franohot Tone, Madge Evans Stuart Irwin Barbara Stanley* - Gene IlaYmend In "THE BRIDE WALKS OUT" with, Helen. Broderick. Jae. Gleason . A LAUGH RIOT! • Next Thatedity, Friday. Saturday ..e „ Janet Gaynor, -Robert Taylor, in "SMALL TOWN GIRL" An.. Appealing Love Story, Owing "SWING TIME" • COMING Fred Astaire andGinger Rogers in "Swing Time" will b.e shown at the Regent Theatre, Nov. 9, 10,1.1. ' WALTON Visitors: Mria,Wilson, Thompson and daughier, illarmora, and Mrs. Alex, Souter, Brucefield, with Mr. and Mrs. George Williamson; Mrs. Eliza Ramsay is visiting her sister, Mrs. George Walker, Toronto; Mr. • and Mrs; Thomas PUlton, Shakespeare with Mrs. Hugh Fulton; Mr. ands Mrs. Wm. M.oroitt and family; Blyth, with MrsL Thos. •Mershall; -Miss Mabel Bewley, Obetham, with her parente, Mr. and Mrs. Joe Bewley; Miss Beth Shannon has returned home after spending the past two weeks in -To- ronto; Mrs. Herr's, of Toronto, with her' sister ;• Reba Livingstone;* Mrs. John •Briece -with friends in To- ronto. • VARNA Mr, and Mrs. Harry Thompstwi, of Goderich Tovenseip, .accomPallied b" Mr. Fitzgerald, of Grauton, were the ' guests of Mis. E. Beatty ,on Sunday. Messrs. Will and Glenn Slavin, of , Chtselhuret, in company with . their sister; Ida, and aunts, Misses L. arid M. Slavin, of Herman, called at the Beatty homestead on Sunday. The W. A. of Se. John's Church met home of Mrs. M. Elliott on •Tuesday. Mrs, Dewar, of Bayfield, called on her Sister; Mrs., Mossope on. Tuesday. Several from this district attended the funeral on Monday of the late .Eclwerd Johnston, .of Goderich, an old Stanley boy. Rev. Harry Deihl, of Grimsby, spent .• a few • days with his sister, Mrse.lic- Clyment. WINTHROP Mr. and Mrs. Theme Betties et - 'tended the funeeal of the late Hubert Johnston of Goderich Township on Monday afternoon. . . , • letr. and Mrs. Henry Barker • and family o , Dorchester visited...at the home of their cousins, Atr. and Mrs. . Gecrge Eaten on Sunday. Messrs. Robert and David Maar- ---laae •are -in. Cateeeut -this-week-attend- 'leg the funeral of their brother. Mr. and Aliise'-Orvel- 'Habltirk of Winghaun .were recent visitors with ' Mr. and Mrs. Saul Shannon. The Ladies' Aid of Caven Church. • -will held 'their autumn thankoffering at the home of Mrs. Robert 'McLure on Wednesday, November 4th. Rev Elford, of Egenondville„wili be guest apeaker. McKILLOP Mr. • and Mrs. Lawrence Mes- e • sersehmidt, of Detroit, spent the ,week -end in this vicinity, Mr. and AirsaGeerge Schroeder, of Sebringville, spent Sunday with Mr. and Mrs. Henry Koehler and Mr. and Mrs. Chas: Regele. Harvest 'Bettie services* were held at the Evangelical Church On Sunday with a large attendance. The Church was very nicely decoratedwith fruits and vegetables. Rev. P. B. Meyer had charge ef the services. Mesera. F. Bryant, Gilbert, MacIntosth and N. Hohnstein, Male, quartette, of Strat- ford, :sang several seleetipne. Mr. Bryant gave a very entausiastie ad- dress. ' Hazel, Ruby and Bernice Doerr, daughters of Mr, and Mrs. Jerry Doerr, sang a nice little song. Miss Alexia Alexander, 'of Atwood, and Miss Della Eggert sang a lovely geli- ear duet, "The Old Rugged Cross." • Mr. and Mrs. Fred, Hoegy spent Sunday with Meade and. relatives in Rostock. • Mrs. Fred Koehler has returned home after spending a few days with her daughter, . Mrs. Herman Maedie, of Monlatona Mrs. Maedle' hoe some- what improved. Miss Marie Koehler of Mitchell spent. the week -end at her home here. A number of ladies of Sebringville whb were leresent at' the Harvest Home services, visited with Mr. and • Mrs. Jerry Doerr. . Mis's Ilia Bauermann of West Monk - ton sent Sunday at her home here. Steady Recovery (Continued from Page 1) - The great war broke out in August, 1914. The Canadian fiscal year ends, not on December 31st, but on. March Mt of each year. On March 31, 1914 —four months before the war started, our national debt stood at $336,000,- 000. I am sneaking now in round fig - tires and taking it at the nearest mil- lion. When we speak of figures of this size we do not need to be exact to the test cent. Keep this in mind for a Momente--$336,000,000 was the debt of Canada on March 31, 1914. I am six foot tall in may. stockinged feet:- That is anhther flew° I want nou to remember, a very important one. You inky wonder what that has to do with the national debt, lett keep it in mind for a moment. Think of thee two simple facts: $336,000,000 , Of debt and my own height eef 6 feet , and then' let US relete theft together. 1.44 the debt of 2336X0,000 ele 1914, ifkirnit the 011threitelealifethee War attend in ligaitbit wHEN, THESE SPECIAL. BARGAINS GQ. QN,-. MeifsBetter Overcoats Here is your opportunity to buy warm, good looking -Overcoats in smart Raglans, Ulsters Tubes and better coats in various Oxford Greys, Browns, Blue; Greys. Exceptional cloths properly made. 1625 • Men's Fine Shirts We never offered better shirt values. All new patterns and colorings, self starching collars ; lustrous firm broadeloths. A shirt you will feel really dressed in. 1. 5 Heavy Wool Work Sox ;Extra weight, long fibred wool rib- bed Sox. Will give the limit of sat- isfactory wear and comfort. Get ,Some of these. 3 f°r $1.00 Men's Sweater Co at s Heavy flat knit, pure wool worsted ,.. Sweater Coats, in fancy checks; Black, Maroon, Navy or ,Brown. Al- • J.Q_Jumbo knit. All sizes. Men's New Fall .Suits:;.. You will marvel at the truly great values in these Suits. Patterns and styles to please everyone. Each suit expertly tailored to the high stan- dard of this store. Come in and see them. 1625 , • Womeri's Hose Two excellent lines assembled in this lot—good weight Cashmere and a fine -finished Silk and Wool. This, is a weight particularly adapted for early Winter, wear. Gun Metal, Mid Brown, and. 49c Men sWoolUnderwear Stanfield's pure wool, ribbed, un - shrinkable underwear — underwear with a nation-wide reputation • for wear and comfort. All sizes, Shirts or Drawers. - .0% 1.' Flannelette A really fine -quality Flannelette, at- tractive combination color stripes. Blue, Pink, ,Grey, Brown; 36 inches 9c wide. beeeeeee. • Women's Style Coats magnificently furred with Sable, Wolf, Opossum, A41 the new style making "fabrics are at their fashionable ,best in this money -sav- ing group. Any coat you choose will be a wonder buy._ A Bang -Up Women's CoatS e Made of Treebark and Rough Crepe in Black, Navy, or Brown; Beaver- ine collar, 'new lengths and sleeves; .with or without belt. • IP Women'sCrepeDreses Really beautiful Dresses for dress, street or business wear. Tunic, Prin- cess lines. We are proud of the val- ues we are offering at this teinpting price. All sizes. Women's Winter Hats Toques, Turbaus, Poute Berets and Small Brims that fft:COmfottably and snugly with deep collared &lats. All c have the Winter trim accent. , • T BROS., SEAFORTII pour mind as represented by a man if my height and weight—six foot all and weighing 190 pounds — .the hetet of the last fiscal yea, March 31, L936, was nine times the debt of 1914 in,d would, therefore, have to .be re- )resented not by seee man of my size, nit by nine men. That figure, Is not iorrect to the wilier. The actual debt s a little less than that, if we accept he official figures as they stand. Per- laps the last man on the eta of that ine ought to be five foot eleven and, oneaialf inches. You 'see I am not ,ery far out. On the other hand, I 'eel that some of the asset; which re included in the annual financial eatement cd the nation are a bit un- :ertein. We are no likely to recover hem all, so' perhaps it is better to eave my little army of men as the'i •tandL-don't take an tech off any one sf them—the debt now is nine times' ;reater than before the war. It var-a es ee frorn year to year. It would be 'epresented by seven men in 1923, by, six in 1930—now it stands at nine. [hese figures are approximate; there vouid be slight variations. There is 'no particular political sig- Liti4nce in the year I have given' slou. Our financial iproliele.m is sc big- ;et.' question than politics, parties or )(aides. A national debt of this size . is which s a ,danger. It a- problemincreasing. nuet be considered. It Must be solv- ei by the combined wisdom ef the teepee and not by any particular par - y or group within the country. In. bit these questions I appeal to you to understand the facts—study the is- ;ties, then you can in a comprehend- ng way help l a • dete'rmining what night to be done. The Debt the Cause Now, what was the cause of the rowth of the debt during this' r•period if 22 years. from March, 1914, to aarch, 1936. Why did it increase roan $336,000,000 to 23 010e 000 000? .--,..--- -- - ['he answer is very simple. It really 'ests in three words—war, hoota, de- eassion. • . 1. The war, 1914 •to 1923, 2. The boom, 1924 to 1929. , 3. The sdepreselori, 1980 to 1936. „.,n, _ e The war, of eourse, was .overl ett e all of 1918, but the ,aftermath linger- into 1923—so the last 22 years may se roughly divided' into the three per - dagiven. ' Again I am not now going tato lig- wee to prove that the war was re- porsibIe for the increase in the debt. Valeta this epee* appeters in orbited Orm, the etetelneut now given will be supported by the 'actual! 'Agues of rar angle to. the Dominion of Cane die NP4*et the tifitinlielli it le* ottif Yeeetekey la reinember the, debt re6. .. *• ' . presented by one man in, 1914, 7 in. 1923, six in 1930, and nine in 1936. ' • You may wonder why r mention the period of Prosperity .between 1923 and 1930 as being one of the causes of the present debit situation; ' During this time we were more prosperous ,. than in any other periodof „our his- tory. There as a broad sweeping in every line Of development advance. , , and yet, I do not hesitate to say that -e. ea- • me 6 that time we were in reality preparing for future trouble. A boomitemin leads to a depression. Tbat le a topic - I shall discuss • more Pliny when I speak to the business men. •tion It is sufficient, at the moment, to state that the difficulties wtuich thee' developedwere fruitful of disturb- /ince for future years. The national incomel mean the inoome of all people engaged in all work in the Do- minion a Canada, increased rapidly. Tele' development of our resources went on at an excellent pace. The expenses of the individlial rose more replay than the expenditure of the nation. National income (I mean the gross income of the Canadian people) between 1923 and 1930 increased $457,- 000,000 and eovernment expenditures Went up Cele.. $28,000,000.than ' - During this. period, personal debts were growing. Corporation debts were We thought we had reached a new era. - Business was expanding, but it was ,One period -le Canadian history in Which Govern- ment expenditure lagged behind privi, ate and corporate income% endividat al •standards of living went up; ad-. justment to later tonditions was ex- tremely 'difficult. Booms lead to de- pressions. If we are to avoid depres- stone, we must get rid of booms. It is easy to be wise after the event. Looking back at the situation in the;e years 1925-1930 it seems it pat would have been better for the Governnient of that day to have increased taxes, reduced the debt for raor :, e th an it was reduced and thus prepare for the .„ aiming storm. But during a Perioa of prosperity demands upon govern - nye/its:. tendency sfor are highThe tendni expenses to grew, and it requires from those at the.helm of affel•rs, th e sternest courage to maintain the fight • for economy, and maintain it stead- featly. •ateiy The Depression Then came the de iand b _ press on, e- tween 1930 and 1936 we added $800,- 000,000 .to the national debt of ban- ado,. Again let me say this is purely a statement of tacit. No one natietti no one party, Wag responsible tor that el/Mee. le Well, wttrid., wid. Its erigin. ilitriii "Ceftalti" Coilifftkne,e, Which :We hopemtbidisetist *Midler ititht$: For . . . the moment we are dealing solely with, 'the economic and financial ef- 'feet upon the Dominion of Canada. It piled up debt—piled It -high — there were three reasonsfor this: 1. The Canadian National Railway which in the days of prosperity had been: meeting its obligations, not en- tirely, but in large thenehre, fell be- hind to the extent of 40 or 50•Milliens a year. , 2. Unemployment costs, a fleet- the period from. 1925 to 1110e, mounfed rapidly until direct ex- penditures totalled approximately $50,- . 00auve a year—and. special construe- programs projected largely for meeted thii it- employment relief ,augm 3. The Pao -Fleet Canada were corn- railed to lower their, standard of liv- ing. Imports fell' off. Customs rev- enue rdeclined. Income taxes, despite increased rates. Produced less rev- ensue. Total revenues, dropped from $446,000.000 in '1930 to $311,000,000 in 1933, but rose again to $372,000,000 in 1936. The government of the day had to face increasing expenditures with declining revenues. The result, an addition of $800,000,000 to the nation- al cost, an increase alone of more twic'e the tote' debt of the nation in 1914. . What .Next! This, then, is the statement of- the case. The next question, is, can eve carry 'these obligations and continue to prosper. The debt burden ;teepee. eats e280.00 for every man, woman and child in Canada. On an average family of five, it bears down like the weight of a mortgage of $1.400: It carries to 'that little family an inter. est charge of $65 a year. If we look at it purely from the sitandPolat of the nation, we might say that after .all the debt is, held largely by the People of Cnnadia and when we pay interest on outenational debt, we pay it to ourselves. But that is rather an unfortunate argument. It is true that a large vohinie of these obligations are held by insuraace companiet and will eventuallY go to the h• e 1 • ene c aries at the deatb of the insured, • b ut it is safe to say that in, a large measure. the debt is held by the rich, and a. 'heavy national debt means that the poor people of the a.'n tion must pay taxes in order to add to the income of those more fortun- circtemstanced A high national debt tends to prevent a generous meet- sur41 equality In distribution, of the netidnal inoome. 13ut there is still a different side to the story, an encouraging asPeet. We have (to remero* that the wakes. income is mtich greater in 193,6, de- etvite the depreseioii, that a was in 1914. Theta is, theaddee, a ninth greater Capacity to'earry :the lost • Our population has increased' by 2,000,000—our exports have more than. doubled—so also as our mineral Pra• duction, and although- the debt itself has increased, the actual carrying charges—the, yearly interest hill is less to -day than it was in 1923, though the debt is almost •.e600,000,000 more. Refunding at lower rates of interest is responsible for the saving. . . • -But you may .quite well ask this question: It is often, asked: Why' cannot -expenditures be reduced so as to bring them within • •the revenue without reducing the -services now provided? 1 wish 1 could giel'e" an af- ftrmative answer to this query, but I do not believe:that reason, logic or past history would support this con- tention. There are certain expendi- tures which 1 hope will, diminish greatly within the next three or four years. We may anticipate a decline in the expenditures for 'relief. ° The business shies ere brightening and— barring the possibility of war—times will improve. The railway problem e ill reach, at least, a partial settle- went, and the burden will be substall- tally reduced. One might anticipate that the expenditure for Pensions would become lees With afflux of time. But as the average age of returned men increases, the pension list con- tieues to grow and will not decrease materially for some years. Certain substantial savings will be made by refunding existing loans to lower rates, bus easing the ,hurdec-of.debt, •but there can be scant hope that the ordinary expenditures of government .will decline. Some claim thet by the abolition of all government commissions of in- vestigation and by the reduction of so called high salaries, large sums could be 'saved. The facts are, that these commissions are worth tee. price. I do not mean to say that we have not had at times, commissions which were more or lese ageless. That is right beyond question, but when a commission is appointed to investi- gate the facts In regard to sopar- me :imamr problem, we must consider the size of the problem. For instance, the previoUs government appointed a commission to investigate the tail- wa.e.s. I do not know the cost. Let us amine that it cost $100,000. When ild titat r ' f the you con er i revenues 0 Canadian. National Railways in 1935 totalled $173,000,000, It, win be seen that this comMission even if the cost high thefl I h ' went asas gure axe gra en here would amount to lese than 60c Iter thousand dollart, of revenue earned, fupproximately equal to the pa,yment by a farmer of the annual admission to Its local fair, in. Order to 'see What hie ffeighhers are dieing in fihe production of stiparior ,Thre stook and farm Droducts. in dowdier- 1 ing these problems, we must measure them in relation to the tremendous' to- tal volume of business of the national government—if investigating commit- tees do good work, and many of them: do, they can be of inestimable value to the nation. • As for the salaries of goVernment officials, it need only be pointed out that private. industry 'pays ear larger salaries than the government. Per- haps that accounts for the greater measure of efficiency .alleged to ex- ist in private enterprise. True beyond question, some men in government service get too much, but I could put my finger on far more who get too little easuned by the - volume of work they do. - I mentioned to you a -few moments ago that I saw scant chancesfor re- duction in ordinary expenditure. By ordinary expenditures, I mean the ad- ministration of the regular depart- menof government, agriculture, poet' offece, national defence, trade and commerce, pensions, etc. In Oan:a- /ban history since Confederation,a period of almost 70 years, the ordin- are- expenditures have continued to grow. Only in seven years (aside from the immediate post war period) has there- been a temporary decline, Capital expenditures—and I mean by this, those expenditures which leave a definite asset ' behind them such as canals, public works, etc., are lower than at any other time in thee century. low as they were in some- casee during the seventies and eigh- ties. They can hardly go lower. Ord- inary expenditure plus capital expen- cliture Iasi year (year endin.g March 31) totalled 2380,000,000—over a mil - lion a day. Special Expenditures Relief Wheat pool losses and government• railways, etc., added over $152,000,000, bringing the total .to '$1,460,000 pet day—over $10,000,000 a week or $532,- 000000 a year. Here is the one place where reductions can be made, Un-, employment is the result a ware and other stupid policies of governm.enta The railway losses are the fruits of past mistakes—the wheat pool adven- ture cost this country $22,000,000. I hope we shall not pass that Way a- gain. Ie the elimination of these lasses over a period of tiete, lies the ,_ hope of debt reduction, the beginning - of new constructive undertakings and the loe'ering of the tax rate. In the past we have, as a people, 1 - : built accord ng to our dreams and1104DIREOTORSt according to aur needs. This- is true'6 not only of governments but of pri- Vete Wariness. rro Our great blithe sed insurance eoenpaniee with elielie Wended, reoterde need to erect ,pt- II*1- sees tor head offioes,, ink'eNter toltblee the soundness elf their inistitutien? le t Ilecesshry that mit railitade sheiiltr erect hotels, run at. a logo for the ae.. commodation of the rich In. order to prove their •competence? Dees it odd to the prosperity of ' a, city to • have federal government buildings marked by extravagance and ,lteet 4,eeteeeseried et • present needs? These artbings in ie ,whicsubetantilal savings could be ac- • complished, not only in govenaimeat but in public utilities and national services. When we „start upon wild adventures in expenditures with no certainty of the economic basis on which they- rest, then you and I bi-' elude in thee every person in Canada and perhaps your children' after yoke must be prepared ,.to foot the UM . But with allsour trubles as a nation there still remains abundant 'roam for hope. This country is young — ito pulse is strong and through theyeaira weunroll the map of a greater Oen, ada—richer, wider in resources, more ample in potentialities 'than the lands of which ourfathers dreamed. There f have been periods in Which 'dirk elaude held back the sun—tiniest in which we almost lost hope, but again and again a new spirit rises and we go forward to new achievement. This will be done again. We are a solvent nation—we can and will pay our debt; our resources far exceed our obeigatione. ein a normal•world our' progress will be rapid; the burden will not hold us down. All we need is courage, enterprise, faith—coupled! perhaps with a measure •of catition and an intelligence which emphasizes realities and seesin' the welfare of. the nation the ultimate 'happiness Of the people ' who are proud to call themselves .Genadians. , 4 - THE McKILLOP MUTUAL FIRE . INSURANCE CO'Y • .. e HEAD OFFICE—SEAFORTHee0NT. • OFFICERS: Alex. Broadfoot, 3 Seaforth - 'Pres. Jim. E. Pepper, Brueefield - Vice -Pres. Merton A. Reid, Seaforth .. Sec. -Treat. AGENTS: ' Finlay McKet4fer,. R. R. 1, Dublinei E. Pelmet, Brucefield; E. R. Jaren/Mk Brodhagen; James Watt, Blgah; Ct F. Hewitt, it i 'rdine; W *. J. YeeGod- , ride . ..1 d •• , • William Itli X, Lon esbOro-, Geore t Leonshart, Erodhagen; - • Jams 0: 00,ele nolly, GoderiCh; Alet.: '; it" 'Ro';': SenfOrthl AleeXeka,d0,- atit fl. 11 ." IL, nlY41,1_4°lat ifitektanMee• aenernenee, ees is it ' , ' MbYl; ab, R. R. b'i Elea.tdrtia4i. it. ' Atehlhaid, IL It. 4i. 0egettaUHKAVN; . . ,• , •I•,.1,,,•t 14 4,40•1,, , . ' , , •• .4„ ,sfAt.41,, 40,44 ,,r,r0,•0•/;> , 0,641; 1, A 6 ;iss; t ,; ; ,tz.• • ese. „se s.; oilettititak'twir • .r?. • Sn; A