The Brussels Post, 1978-02-15, Page 2MOINE LS:
ONTARIO
WEDNESDAY, FEBRUARY 15, 1978
Serving Brussels and the surrounding community.
Published each Wednesday afternoon at Brussels, Ontario
by McLean Bros.Publishers Limited.
Evelyn Kennedy - Editor Dave Robb - Advertising
Member Canadian Community Newspaper Association and
Ontario Weekly Newspaper Association
eNA
Subscriptions (in advance) Canada $9.00 a Year.
Others $17.00 a Year. Single Copies 20 cents each.
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410 CNA
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0014411. WNW
.11.111
Brussels Pas
Who gets credit?
Marsh World
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Ducks Unlimited (Canada)
1495 Pembina. Hwy, Winnipeg, Men, R8T2E2 23t
,„I'm not one of those people who think
socialism is the care to all the ills of the world
but sometimes one hats to wonder about some
of the pribrities of our society.
One of those occasions came on the
weekend when. I picked up one of the .•
newspaper supplement magazies and saw
how E.P.Taylor hid bought a race horse for $9
million. Mr. Taylor: of course, didn't put up
the whole amount for The Minstrel even
though'$9 million is just pocket change for
him. He syndicated the breeditig rights for the_
horse, selling some 36 shares at $250,000
each That's a lot of money to pay fo'r a stallion
to breed 36 mares a year./ actually 40 since
Taylor kept' four more shares for himself) and
„, there was worry that Taylor would have a
tough time selling.the shares. Within ohe day
after they were put on the market. all the
shares were sold and more people were
begging to a share.
Not that this is a foolish gamble. For the
past few years Taylor has been making about
2 million a year from his horse Northern
Dancer's breeding of some 40 ,mares. The
Dancer and The Minstrel live in a luxurious
accommodation at Taylor's 2000-acre farm in
Maryland (Taylor also has a huge farm near
Oshawa, just for horses).
There's something exciting about
racehorses but I must admit I find the whole
Minstrel story a little mind-numbing. Here we
are when a third of the world is unable to
obtain proper food. where farmers in our part
of the world find it hard'to find enough money
to stay in business and this man can devote
thousands of acres and millions of dollars to
'racehorses and actually make money at it. To
me it says 'something pretty /sad about our,
judgment of what is really important in life,
Taylor got his money through his holdings,
in Argus Corp:One of the largest conglomer-
ates in Canada. A good deal of the money for
the corporation came from the breweries it
owns like tarlings and O'Keefe, One of the
surest was-,of making money in Canada is to
provide such esse ,ntials as beer, whiskey and
cigarettes. Prodncing food your farmer
.neighbours will tell you is, (the consumer
advocates will insist, should be )-a non-profit
venture,
He bought his first taco horse back in 1936
at 'a cost of $4000, Racing WAS* a rich man's
hobby back then. You .weten't supposed to
make a lot of money at it arid indeed Taylor
put in a lot of money before his horses began
to make money: To be fait, he has done a lot
or the racing business in Canada through his
eflotts. He had a policy, for instance, that all
his yearling horses were for sale, Anyone
Could have , bought Notthern Dancer, fat
instance, for a mere $25,000 back in 1962,but
everyone overlooked him in the effort to buy
other Tayloe borSes: That horse went
earn .S580,806 in racing purses. befote
becoming the 'most successful arid expensive
stud horse in history. In the meantime, he also
helped Canadian pride by winning the
Ken(ucky Derby and The Preakness, the first
two legs of the Amerian Triple Crown. the
first time a Canadian horse had ever done
that.
So one shouldn't. paint Taylor all black for
his efforts in horse racing, Yet the fact
remains that Taylor haS managed to ttirnSeven
a rich man's hObby into a good business. H e
has had a huge control on the Canadian racing
business not Only through his leadership in
breeding of horses, but his efferts with the
Ontario Jockey Club which all the big
race tracks and throws its shadow over all the
small tracks in' the pro\ ince,.
On''c again, Taylor's succcs ,; has been built
the pleasuress(some might say weaknesses)
of the ordinary citizen. If racing was really just
a rich man's hobby, no Ont. would be paying
$9 million for a horse, But through the betting
of ordinary people °willing to lineup at the
pari-mutuel window to lay down money on the
off-chance their horse might win, racing has
become big business. 'The Minstrel, a
Northern Dancer colt, was sold by Taylor to. a
British owner, earned $650,000 in just nine
races before Taylor decided lie wanted him
back. That works out to more than $70,000
every time the horse raced.
There are-other examples of course of the
cock-eyed priorities of our society. The richest
hotels in the world are those in Los Vegas
where they cater to the gambling urge of their
,patrons, with a slot machine everywhere there
isn't a roulette wheel. We see that actors can
get paid more for a 30 second perfume
commercial on television than they're likely to
earn in two' months at any of the theatres in
Canada which struggle to stay alive. We see
that city people, not just millionaires like
Taylor, but ordinary doctors, lawyers.
teachers and factory workers, can afford to
collie out to the country, buy a farm and keep
it just as a weekend retreat; while the farmer
next door couldn't afford to pay the sameprice
and make the farm pay for itself through what
it would produce.. We see land worth mote as
a golf course Or a trailer park than as a farm
At 77 years of age E,P,Taylot is one of that
Stria]] group Of people' that have More money
than you and I could ever imagine. One would
think he'd be-satisfied, One would think that
he'd be just a little thankful' to the country that
gave hint that kind of riches, to a country
whose drinkers, gamblers and other pleasure-
seekers had made him One of the richest (lien
in the world,
Such is not the case: A couple of years back
Taylot renounced hiS Canadian citizenship
and moved to the Bahamas. His goal was to
get away from Canadian• taxes, to retreat to
the tax haven of the Cat Islands -while
his money still earns big dividends in Canada,
Jost his, little way of saying thanks to the,
"system that made him what he is today.
The Brussels Post received a thank you the other
day, one that we don't deserve. It's a receipt and a
thank-you letter addressed to Brussels Community,
c/o Brussels Post Publishing House, from CUSO or
Canadian University Service Overseas.
Now, while we at the Post support the work that
CUSO volunteers do in developing countries', we
didn'l send the organization a $35 donation.
PreSurnably someone in the Brussels Community
did. If that person or group will contact the Post we'll
pass on the receipt to you, and give credit to the'
-rightful donor.
Meanwhile, for the' interest -of the "Brussels
Community", the letter reads "On behalf of CUSO-
and the people in developing countries with -whom
we are working, I want to thank ~you for your
generous donation. I tarn pleased to enclose your
official receipt.
Your support will enable. CUSO to continue its
work as a development agency both overseas and in
Canada and I can assure ydu that your donation will
be put to work where the need is greatest. To keep
you up to date with our programmes, I will be,
sending you our semi-annual Donor Newsletter. If
you wish to receive additional information about
specific aspects of CUSO's work, please do not
hesitate to contact me. •
May I add my personal thanks for the confidence
that you have shown in CUSO.
Behind the scenes
By Keith Roulston
What priorities?