The Lucknow Sentinel, 1931-09-03, Page 5I No
TV.ugsDAY . arrgmBsit 3 ts3;l .... ° .._
to get • a thorough Business Training and make the pre.
nitration necessary for success in life.
A•NAIL will go no further than its :head.
will let it..
Young Men and Women will'. go no further than: their ..
heads will ..let' them. That Means if you havenot the
;proper training or preparation you will not achieve the
Success you are looking for. . •
'WHAT 'MAINING SHOULI1-,1 HAVE?. y
''U h and
A tlorongh, B,usinesri 'Education‘ ora
S ort�►and ,• ..
T'y ' writin . course, or both of tl% . , •
W!IERE ,S1011141)' 1 •txET IT% 1
. 1
b
n S. . � o•
e __�-
--.._-,_-•A.t-:t t. ,. Yl_ ,-$ 117 , . � Vis;' �-- -: ,
Qntario,
WHEN SHOULD I:BEGIN?
When the College.' opens' after vacation for . the fall •
term. ' At the beginning' of September.
WHAT STUDIES' SHOULD 'I .TAKE?
Write .to the.. Principal or Phone 107 daring office
hours .ore: No.' 33Q evenings, or , better still, call " at the
College and consult with the Principal, C. A. Fleming.
e e• Business College
Northern e g
Owen Sound, Ontario.
improvements ended w40h 'the build-
ing of •man, Y useless or at least pre-.
nature ventures. The collapse of the
boom was. caused by a number '• of '
events-tthe most important being the
refusal • of Congress torenew the
charter of the . United States Bank.
Balt these were only the. matches :that.
touched off the powder magazine..
As in
every ether boom that. of
1929 started with a period of ' heal-
thy improvement. It gradually grew
into a period , 'of .frenzied- inflation.
The spread of the fever of apecul'a
tion .was .aces'le'rated4ira-nuimber-of-
factors. In the first place the general
business of the eoeirtry was, ,after
recovering from 1.920,:in a remark-
ably . healthy state. Second, the war
had /diveer'ted to is a large 'part of
the• world's'. old. `.4 that we.:held far
. g.... s,..,
more than, our'.'custeinary share.' •This
made credit • easy to olitai'ii. At firm
thestock' arktt advanced normally,,
refleeting as it'_.ought :;to, do,`.• the
healthy improvement in ' "businesii.
The, movement gainned momentum in
1926 and': -1927;" an-fiffelly restilted-
in the insane speculation of 1928 and.
BUSINESS ALWAYS HAD
ITS :.UPS AND DOWNS
The world'suffered its first panic
in '.1635. It has been having them per-
iodically ever .'since.
It se9ms to me that any effort to
isolate the- •c -ase. .of•panics .must .be-'
an effort to find the common denom-
inator of all ' panics To do that it
ecessary-'to •go liacknto li•isto7y an�l.
n
study, not_ard. _;panics.,.�nt' the events
preceeding them and'' the times ' in
'which • they occurred: . - 7 -
.Panics i% tl.:e
qday *ere impossible. before credit wai
introduced into- our '.:economic sys-
,tem.
Under the' manorial system• which
prevailed in:.:England until' the six-
.°teenth century -the. lord of the manor
owned the land and the work was
performed, by the villeins.. They both
The first 'stock market'panic took
place in 1720. The movement had 'its
beginning in 1711 with the granting
of 'a ° charter to the South Sea Com
ental lLeaat,
. By P. M. 'LeBO JRDAIS
twactor. Poeion d
National Commute foe Maori Hr •,
SCHOOLS. FOR PATENTS,
• HOPE OF MENTAL HYGIENE
Many Factors WhichResult In Later
Hailers' Are Due to Ignorance of
Parents.
Parenthood is the_only line of ac-
`tivity ,into which people habitually
enter -without, any, training. Eersona,.'
who, without having had any •special
instruction,, fee' quite competent ' to
bringup children would never think
of undertaking,. law;. medicine, or
school -teaching in the same way:: •'
There' seems.; to be a general' be-•
,lief
.that: with . the °eoniingt of children
:'there -will also''come• in' some myater-
`iaus :manner, a••knowledge of how' to
'Orin them up: "My•another:;brougl t,
yip -a family of eight, -ani• -she :d`;do=t•
have any, training. before if
, start
ed," one' often' hears. But ' one could
study .the-Yives • of`those eigint•"'elliitil'-
ren one. might find • a' great many:
things -;due -directly to -that --mother's
ignorance of the '.principles ' of par-
enthood. How about the 'daughter
whose' marriage. • has turned ' out
wrong'? How about; the other: daugh-
ter who . he destined to ' disappointed
spinsterhood.? flow :.about the son
Who 'fails' in. one job after another?
And how about the other vvho; `•`drinks,
like a .fish?" ,
!'.."These accidents•, happen in the
best regulated families," some ;one
answers: Yes, that is ,just the trouble.
We have .become e� 'hecustomed •to.
such `human wastage that we : assume
it to be• inevitable' and natural:. And
it will continue,. to be inevitable and
natural. just So long as .parents 're=
main ignorant of .how 'to bring 'up•
their , children..
Time was when a large --Percentage
of a 1 children born fliedin infancy.
This, too, was'. considered inevitable,
but medical 'science has shown that,
-most.-infant n.artality..-.rias untteces_
eery. Mother, no longer believe them-
selves capable.• 'of guiding, childreli
past .'the various dangers 'of • infancy,
d�verp without -the aids of competent Medi:-
cal •.advice°•' All, 'the , "maternal .•in-•
•stint" in .the' world will not .prevents•
rickets. Since medical ' science ha
-leer-n
.ed= the -_cause, of : rickets every
;mother can learn how to feed
child' so that • ,rickets can` -absolutely -
be; prevented. " Many ..other diseases
and disabilities . 'ave' been conquered
in like manner,,
'Not so much is known' about ' the
Mental' and emotional factors'which.
cause havoc in the later lives of
children. It is' known; however, that
fiia`i€y-of'�these tendencies '.:are_:sown.
during early'' hildhood, .oftenunwire .
tingly by parents.. Students of men-
tal hygiene are working on these
problems, :and it is' new possible. for
one to receive some . fundamental in-
struction• in • the art••"of . parenthood.
Enough is now' knownthat one may
'hope" to , prevent in children the de.'
velopinent of many,, •emotional traits
•which, bring !unhappiness and failure
..in_later life. Who can say what the
future' holds. for. he huinstr race
when it learns as much about human
development as it• now knows about
the raising 'of barn-yaid animals?
(-information on any point not
covered here will be . given in later
issues if you will address your ques-
tions to `.`Mental • Health," 111 ' St.
George St.; Toronto, Ont.)
• After:'the big, crash' of 'September'
l.
1929,. •a new factort• however:, began
to operate: The Millet et covered in the:
spring Of 1930 and' many operators,
believing the worstto be over, again
stepped -inte the market. Then .an,
'other and persistent decline set in'that
puzzled. the professionals. Wall street
underestimated the collective po*er
of millions ,of chauffeurs, cooks, •min-'
ers and, 'school teachers' . who had
bought : a few shares of stock..out-
right, because no'credit facilities were
m
open . to the ; --•
When the crash came, some 'became
panic-stricken and sold, but many.
held ' their stockks' for ,the "reaction.'"
When the, reaction `did come in the
spring of 1930; ,.soiree began to; sell.
PY
an . ' This Company • was granted a • he collective holding's` ref -this elan
Y
mono of of fisheries. end certain' tis must have been, tremendous and : •a•,
.
ding privileges With :India, South. long as these stocks"were in such
unwilling hands the market was in a
vun r li�'e
l -condition:'-
-�'- ""•`"" •
yi�hat—c-auses panics'? •
You will, recall that presidential
elections ,were supposed to bring on
panics-Other-jcauses• mentions
underconsurnpti'on or overprodduction,.
overexpportation of fold, overim'porta-
tion of nflirchandise, fear ef• tariff,
changes-,:-- -decrease- of-
,g
lerei n trade, 'unemployment,/ lack of
confidence, depreciation of: currency,
inflation of currency, the silver ques-
tion, public and private extravagance
inefficiency of • labor, immigration,
speculation•in stocks, depressed farm.
prices, high transportation costs,
tightness, Of rnoney, .bank failures and
_._._._ _. overextension_ of building. .
to cast .nativitie's." But the But I airji inclined •to believe that
these so"�alledr,cau'ses are not causes
at' all-they'are only the vehicles, the
means. The rear fundamental 'cause
of our booms and. panics is human
psychology. After every depression
men temporarily defer action. on new
ventures and .. reduce' their business
because of fear `their follows a• per-•
iod of cautious venturing followed by
bolder advances. Ultimately cornea
me =feve--r-of tp ealatioui,ending.-either
hi a crash or' in more or less orderly
deflation:
Ii haven't. 'the least notion what
vehicle' will be used in the next boom
but I. am certain that booms will come
=for . nothing is as unchangeable as.
thenature of man.. . •
shall not attempt, any . prophecy.
but I think itis safe. to say that busi-
ness• has'certainly not become poorer
since the last few months Of 1930.
We have had occasional improve-
ments since then that are encourag-
ing° We 'must not expect a rapid as-
cent. However, let us' bear in mind
that, the normal, condition : of 'this
country is prosperity. Our natural
resources, our,mechanism of produc-
tion and' distribution, our highly in-
telligent and efficient population, as-
sure • us that we need net artificial
means to--`attain--A healthy_business..
condition. We• were. unreasoning op-'
timists, 'for three .years -let us not
be unreasoning pessimists now!
•
-America and._.the-arifir islands �It
increased •its capital • from tune to
time. andThy .1.719 it propbsed to re-
fund the -entire national debt of 250.
million dollars. Its stock rose.' ;by
,
leaps ' and bounds. All classes. boug
eagerly. •
The success of •'the Company calls.
num'erous. others .to_ be organized'
and their`stock found`.a,.ready. ,mark-
et: The prices of t. see stocks` went
up ?rapidly and everybody was gett•
ii`ig rich.,
•'received their' shares of the product' One or two projects
of the . land and labor in material were '.launched ''at this time,, but Onethe
goods which they exchanged in,!the majority were mere bubbles.
towns. for anything'.they ,happened was to. "make :'butter from beecb
to- ,The -towns used, .metallic., trees." Another'. for: teaching wm
" lack.. T
money to some -e cteri�-Tkrere-hereno nen.__
° o'ects of real iirei;it
PAGE yam'
EWS AND. INF RMATI® .
FOR' THE 'RUSY FARMER
(Furnished by the Ontario Department of Agriculture)
Weekly Crop Report
Harvesting throughout Ontario is
practically completed and fair yields
have :been repored through the
greater part of the' Province, altho
yields of oats and barleys are not'• of
as good quality, as last year. 'Theo
out the eastern portion of the prov-
ince it has. been ver! dry and there
.has been_ a _decided falling off of milk,
butter and cheese. Eggs are becoming
scarce and the price is ad'yancing
Hogs and lambs are taking. a decided
slump -in price,. .,Alfalfa . and. red
clove);, seed threshing has been • it
progress and very'•fair yields; report-
•e0. Prices for"all farm, produce, are
exceptionally low. , •
fact, bales ,of from 90 to 11'0' pounds
are preferred by 'certain :trades. on
account • of their "ease of handling..
'Bales. that •are •too tightly. pressed,
tend ato become matted and • ;are difS
-cult to tear apart'. Musty bales are ,
•found also in some instances, and are..
quite out.'Of' place 'in any good'trade.
•''Indications point• to a somewhat •.
draggy market for baled hay this, ' •
year. It is•-,quite}apparent,'therefore,•.
'tliat'the .better quality,;. suitably bal-
ed material will find better sale than
poorer quality, tightly, pressed,.. badly
• matted hay -'in'- ...heavy bales:
New Fear Markets v ;'
'ions
co dt.
'•Owing.' , a°.new:. tariff, ,.. n_.,t. •
.'.1,,,
Western Canada is .clamoring ' f •
•Ontario Bartlett pears, according'
-O; : W:.Bauer; seeretary-of-the-Gee
e
io*
d
n
c
11
d.
a
t
ers' Markets, Council.' Orders 'hay
'already been -received and ---Ontario!..
'
large Bartlett pear crop will fin
outlets in ,the West, as well :as_ i
Great 'Britain, where, according t
Andrew , Fulton, • growers' ,, represen
tative, the market for Bartlett, pear
is. unusually good this, year.. The ere
in England and Europe is short an'
Paper. money.
'crew:Meg piece of folly was "a com-
.Under this .simple system they bad pany for carrying • on an undertaking
periods of :famine And plenty,,: war of great- advantage but :nobody to
and' -peace, - but they,..`oirviie 'sly could know what • it is.,' ' .
. t have no• collapse of credit. or.paraly Before you laugh "at. the credulity
sis of • commerce and industry. of these'. simple-minded Englishmen
• About • that time -the. thirteenth to 'whom corporations 'were a newly
'century a demand was arising on the' invented',' mysterious mechanism.
Continent for English wool. This in• please effect that in July, 1919-
-----_--,....-. xnationala_.�tr brow lit'gold and 209 ye later. -sophisticated New
e into England or ei y'' wai," (like -ft eagerly----s'ubseizibed=to the-.
silver g
• • used to a greater, extent.' • stock of a finance company which
As commerce grew in importance, stated in its prospectus. that' it pro '
the practice- Of granting credit in- .•posed to engage in highly profitable;
creased. Mills of ',exchange. were in- trading in securities alnd'other
enter• •
• troduced first ' by. the 'Jewish mer•ch- ' prises not to' be divulged! •
ants of .Florence to avoid the unnec= The device :of using, prominent: peo
essary transportittien of money and ple as. figureheads and thus' attract
'later. as . a means' of concealing their `ing 'speculators was developed to. ae
wealth.. By the 'middle of the seven- extent that has ,not 'since.' been equal-
teenth. century the business •men of ed. The Prince of Wales, accepted the
London had developed methods quite governorship of the. Welsh Copper
familiar• to us. . ' . • Company, and, after making $300, -
It would seem, • that Providence, 000 by it, withdrew his name.
foreseeing that . credit would beget Great prosperity, reigned. •.
panics,. wished :to provide humanity ' The "South Sea' Bubble" was prick -
with an 'object lesson ,of the evils of. ed by a rather unusual method. The
speculation. This' leson was in the directors of the' South Sea Company
form of the first real . speculative' looked with contempt upon their' imi-
craze the world ever had. '• 'tators and, itt the,.fall of 1720, began
I refer 'to the "Tulip erase" . that legal . proceedings' against some of
swept Holland in 1030• The "tulip=- 'diem: The proceedings .started' a 11-
4 .native of the Ori r -1 --Eitel lee* 'dation inthe stock-the_.attackrt
.._;r" 'Brought to Europe and instantiy lee • ed companies 'which spread over the
whole market -and South Sea stock
came popular. Holland• was the cent pent down with': the rest°
tre of the tulip business and in r
• Almost universal bankruptcy fol-
short time the .de'ni'ed for bulbs be -lowed. ,The .sufferings of all classes
came. so 'great than an acute short- caused an up'rodr for revenge, and
a'ge' developed. • Every body' rant ical • . a to. Parka-'
ly bought 'bulbs et ,mooni'''ng prices. Parliament was appealed
' At first the actual bulbs were de: ment punished some .of°the !pore flag -
livered. when bought, but soon a re- rant culprits and. passed a number of •
-`gular •exchange business arose. and laws which were supposed•to prevent
bulbs were bought and sold on Paper a 'recurrence of such orgies: now
' . much as'', speculators buy and sell futile'' such laws are, and' how • little
theh a' 't' seeres'to learri from 'exper.-
,To
r Augustus" � ,
The boom ended when a few men through which we have j'ust''•' alae
United States• -•y
likewise in many of the . Americen
producing sections. The canners' re.'
'quirements are, limited and grower:
are • advised to take .full advantage,
of exporting' Bartletts• to'the. West
and to the' Old Country. For export:
purposes, • Bartlett pears should be
shipped• in barrels,' and 'half -barrels:
and for• Western ''markets ' the : stan-
dard pear boiz, should`. be used.'
• Fair Grants tq be Cut
Hon ''Thomas'. 1';': Kenledy� =is sere
ing, an ultimatum upon Fall Fair,.As-
sociations in Ontar4ohat unless they
discontinue their practice ,, of looking
e re#iy (olu'e les•:Parir-for-financial°
assistance, .the.---,usuel Government
grants will .. not be' forthcoming ,in
1932. He is convinced that many fair:
Fruit .Crop ' Prospects
a i mmerci '1 . apple pros -
Canadian . c,4. . a Pp
pects indicate • a Yield . of '3,620,000
b"r is an i er ase.•of', X1.S;300. over. ''
aa a •.. • n, e . �.
the 1b 10 figure°: This is •sir :•per.''cent.
more than the 'five-year ' av'erage.•.,
Pears' show a considerable increase
in British : Columbia,-�vliile-3.0 _viper_ .:_ _
cent. •d ecrease is expected: in Ontario.
-Peaches ashow- : an increase • in .both _
-pr• ovines and 'the total commercial
crop •'of 904,000 bushels is a '20 per
:tent. ` increase over. the 1930' yield
Plums and prunes indicate a reduct-
ion of a'p'proximately 17 per'cent.,
while grapes show an increase. •'in'
both Ontario and British.Colunflu:
show-too-�littlei1i: Ives
that•' they ; w.ould sooner' ask the Gov-
ernment; for ,help than ' their own
municipalities. Consequently he is
taking, steps -'to alter that attitude:
This ear. the usual grants . will be
-' - -which a prohibitive ' charge of $100
made, but next year the G,overnmenf` a. year at least' would have•to be-
Will give a fair no' more money than •
Premier's Message
" slow, Must 'Put :your hands to the. ,
'plow and solve this; • .problem for,,
yourselves, by raising greater crepe
and finer live stock such as'will tom;
mand the markets of the -World," orld,"' was
the 'advice given to people of rural
Ontario by Premier Henry in hie op-'
ening address. at the Central Canada
Exhibition, Ottawa. He urged';'their
to be patient with their. municipal
representatives . ai± t'his time iii-, re-
gard' to , the load " of taxation' cause4
by: improved .educational . facilities.
and. xgood roads " expenditure. Speak-
ing �'o`f-lois!-hyyro-" masion :'the
eTnierd •-that this -year the
Jr
f4
i
Hydro Commission would construct ,
an additional; ; 2,Q00 miles' of. rural
power hii 'daubling, . its .mileage: -A
Hat service' charge not to exceed $30
a year was made possible to 'the
farmer !through Government aseis-
tance in 'hydro development, without
`stocks to -day. One variety, ,"Sem- unr ni •y
p t " sold for $1,850. ieitce is well proven by°the;''dep ionI
We had in• the Unit d
• became ;skeptical and' cashed' in. Ott: With the depression of 1.785
States -
ors followed and the crash•' came with beginningbe1 major depressions depression
did a'ruin-
the' suddenriess that .c}�aract.erizes her. of minor disturbances. Every de -
Hereend of every speculative er•a.
Here .we have the germ of apse''- pTession ryas 'preceded, in fact was
letive fever perfectly isolated. , The
brought .o by excessive activity in
tulip bulbs 'have virtually no present,some form or aiother.
the ,A.n._era_ of. international .iiipiove-
or- prospectiV 'intirnsie -value. -- reeef the Banal of 1837,
element of money or credit piayed •nb
meets p
part no tariff • or other legisl'atinn The Erie Canal. and many other eat'
to do with this boom 1 were .built during' this period.
1lass' aiii+tling :-no wdr's had brought it about or
pnaea it. ,
LUCKNOW and WINGIIAM
Monumental Works
Lucknow, Ont.
Has the largest and . most complete
stock in the most beautiful designs
to' choose from, in-,
MARBLE, SCOTCH, SWEDISH
+ AND CANADIAN GRANITES'.
W E make a: Specialty of
Farm!;, monuments -and invite' •
your, Inspection. .
inscriptions. Neatly, Carefully and
Promptly Done. •
R '!road building
began. a a �What start -
cd .as a national policy of interop!
• - . •
wi made:
the fair's municipality gives. On the
present, basis of contribution, seveial
fairs at least would' have to suspend
operations. The Government , contri-
butes between. $80,000 and, 5100,000
a .season in upporting these fairs:
tender the new policy "a 'considerable
part of the . expenditure will : be . saved.
which is in line with• the general
policy of retrenchment in the de-
partment. '
FALL FAIR DATES
t. 14-19.
Western, London,
Brussels, .Oct., 1..-.2.
Cape Croker, Reserve,. Sept. 24-2
Chesley, Sept. 24-25.
Dungannon, Oct. 8-9.
Goderich, Sept. 15-16.
Hanover, Sept.': 16-18.
Hepworth, Sept. 8.9.,
Kincardine, Sept. 17-18:
Lion's .Head, Sept. 30 -Oct. 1.'
Lucknow, Sept, 24--625. •
idiTdniay, Sept. f22--23.
Paisley, Sept.'' 2930.
Pinkerton, Sept. 18.
Poirt,' Elgin, 'Sept 25.26.
Ripley, Sept. 29--3p,
Saugeen Reserve, Oct. 5--6.
Tara, Oct. 6-7.
Teeswater, Oct. 6=-7.;,
Tiverton, Oct. 5-6. .
Underwood ,Oct: 1.
W iarton, Sept. 18-19.
Wingham, Oct, B--•-ZO,T
•
See uS before_ • placing Your 'order.
Douglas Bros.
Phone 74' -
L,ucto.oW
R. A. Spottoa
!hone 256
•
Beans' in Elgin
Elgin County. Bean,.F•ield Day .was
held' recently' on the farm' of J. J.
Johnston,. Wardsville. On this farm •
•sever-a1-ertility demonstration• plots
Iare located 'under- •directiai:r of ' the ,
Department of Chemistry, O. A. C.
showed a
Fertility tests on' beans
large difference in yield and •matur-
• ity between the best fertility, . plots.
' ' Baled 'Hay and' - the check' plot. Speaking of
Good quality baled hay is quite ex- . beans, Professor Caesar was in Elgin
tensively used • in Eastern United County recently investigating what
States :centres and , the •demand'.ap» proved to be 'a serious outbreak of
pears to' be increasing. Ontario far -green ,clover worm on field beans.
riiers'"uu'ho can -=grow ;good =er-ops-----of.. This • insect is of .the Noctnid tilde,..
alfalfa .may expect to find a fair but differs in habit from the'common `
market for their surplus in this way. cutworms. ^Many; fields were •found in -
'Other types of hay well ;put up' also `fected with this worm' and in many
find.a certain trade demand. , . cases' the entire field destroyed. 'It
It has been ,brought to' our atter- also attacked turnip fields' and in the
tion that a large ,amount of .the Can- later plantings especially it did im-
adian hay meets with 'considerable mense • damage and practically strip -
are sizer of bale- and tightness • ,of ped' away' all the leaves and ruined
pressing. Bale of from 140 to 190 . entire
iregle fields.
me v ere fond ads of tie. lit -
far
pounds are not uncommon..
One 'of the 'largest exporters has north as Lake Huron and few patch -
definitely instructed his buyers , to es; of turnips and on -field of beans
give preference to farmers who put were found• to. be immune. No furth-
their hay up in looser bales of from er damage is expected as the larvae
110 to 140 , pounds: As a matter • of have begun to pupate.
•
"Want Ads"
t4
"Want Ads" in The Sentinel are
result -getters. You will do well to
snake use of this feature.
Read this `.� n weekly, it may
mean dollars t`'r you.
Advertising rates forthis type of
advertising are low. Try them and
get results.
t •
tie
01.
•
.44
•a