Zurich Herald, 1928-09-13, Page 7Prosperity and
Financial Freedom
for Canada
t; So close are the economic ties be-
pen us and our Northern neighbor,
hat recent, reports of Canada's Pres -
t nt prosperity and coming financial,
independence arouse nearly as much
tilterest an this side oP the Canadian
border as on theother, Here we have
an expert 4:1f our own Department of
Commerce predicting that Canada
will, "at no very remote future," join
the United States as one of the credi-
tor nations of the world. And this is
backed up by the announcement of
the Canadian Minister of Finance that
government loans maturing this fall
will be paid off out of the treasury,
instead of through borrowing from
the American market. At about the
same time a Toronto dispatch appears
in the New York Evening Post, be-
ginning as follows:
Unprecedented mining and building
activity, increased employment, a note-
worthy volume of external trade,
heavier carloadings, and, most import-
ant of all, the prospect of a bumper
wheat crop, all contribute to an un-
usually bright ,utlook for the second
half of the year in all five of Canada's
economic areas.
Canada's record of prosperity dur-
ing the present summer has seldom
been equaled in any similar period in
the Dominion's history, declares J. C.
Royle, in one of his financial dis-
patches for the Consolidated Press.
To a large extent, he explains, "this
is due to the production of grain, and
the prospect for the remainder of the
year is exceedingly bright" Indeed,
this authority hears that in the wheat -
growing prairie provinces, "employ-
ment has reached a peak of 127.3, tak-
ing
aking one hundred as the five-year aver-
age from 1922 to 1926."
"So far as the future is concerned,
Canada is 'sitting pretty,'" writes
Charles L. Shaw in Forbes:
.-Its most serious problem of all con-
tinues to be sparsity of population
and the lack of an immigration policy
that gets immigrants, but the people
now resident in Canada are, by and
large. enjoying a moderate but sound
prosperity. The exodus from the in-
dustrial centres to the United States,
whish threatened alarming conse-
quences a few years ago, appears to
have petered out. Labor conditions
are better to -day than they have been
in years, the tide of industry is rising
fast, and almost every sign worth
noting points to a continuance of
besitres•J betterment with out North-
ers netghbour.
Raw materials furnish the key to
Canada's future greatness, we read
on, "fo, there are few countries in the
world with access to such a colossal
treasure chest of undeveloped re-
sources, we are reminded. It has been
estimated that $3,031,000,000 of United
States money is now invested in Can-
ada as against British investments
of $2,110,000,000. Nearly half a billion
dollars of American money went into
Canadian investments last year, and,
"during the last five years a single
New York financial house has mar-
keted Canadian securities in New
York worth $1,200,000,000." One Am-
erican financial group, according to
Mr. Shaw, is planning to spend $50,-
000,000
50;000,000 in what has hitherto been re-
garded as a barren stretch of wilder-
ness—the so-called Flin-Flon mining
area in northern Manitoba. Much of
the Dominion's recent prosperity is
due to its mines: In fact, "the value
of the country's mine output was $240,-
000,000 in 1926; it has trebled since
'1907." But Canada's mining devei„p-
ment makes a long story by Itself. and
Mr. Shaw goes on to note the extent
to which United States dollars are be-
ing invested in Canada's pulp anti
paper industry. Au unnamed Cana-
dian business man is quoted as say-
ing:
We will in a few years be the lead-
ing geld -producing country in the
world.
We are already the dominant factor
in the world wheat market, aid su-
preme in the production of pulp paper
snd several other commodities of in-
sreasing importance to humanity. No
wonder Canadian investments are
popular in the United States to -day.
Further evidence of Canada's in -
easing economic importance is set
&own as follows:.
In 1914 Canadian citizens owned no
tovernment securities; to -day a large
Percentage of Dominion and Provin-
cial government bonds are held by
the people. Spectacular evidence of
the present prosperity of the country
is seen in the purchase by Canadians
during the past year. of 159,000 motor
cars, valued at '$150,000,000—a fact
which in itself demonstrates that Can-
ada, besides being a ready absorber
of American investment funds, is a
customer of no mean consequence.
A nation's backbone of prosperity.
is usually to be found in its farm
lands, and in this respect Canada runs
true to the usual 'form. For three Suer
cessive years the farmers of the Cana-
dian
anadian West have enjoyed reasonably
good harvests and have received fair
prices for their produce.
Canada labors under the disadvan-
tage of not having a cheap coal stip-
ply near its main industrial zone, but
this is offset in part by the great pos-
Midsummer Jaunt Over Snow
Summer heat holds no
sea, level.
Crime in London
Only 4 Per Cent. of
New Yo `' 1* Tots,
Britons, Celebrating Centen-
ary of Scot.a.,Y' Yard,
Point to Speed of
Justice
"Bobbies" Are Un rmed .
Successful Solution of All
Murders in 1927 is Cited
London.—The celebration of Scot -
1 land Yard's one hundredth birthday
has furnished the occasion for an ex-
haustive analysis of England's victory
over crime.
The metropolitan police force was
organized a century ago by Sir Robert
Peel, whose name is preserved In the
popular appellation "bobbies." It has
been built up into an institution of
such efficiency that England now
claims to be the least criminal nat',n
in the world.
How groat is the difference in crime
between ,British municipalities and
those of other countries may be seen
in a comparison between the two
,largest cities of the world, New York
and London,
Cites New York Crime
The total of all crimes in New York,'
with a population of 6,000,000, during
one fiscal year was 333,083. The total
for London during -the same period
was 15,662, out of a population of 7,-
746,000.
,746,000. In other words, London's,
weight of criminality was practically,
4 per cent. that of New York.
Closely associated with the London-
er's exultation in this low figure is his
belief that it is caused by moral
rather than armed force. The London.
AMID THE SUMMER SNOWS IN 'PARADISE VALLEY
terror for these young women who are going fo r a ride in the dog taxi in Rainier National Park, Washington, 6,557 feet above
a boom is the last thing that Cana-
dians want.
Mr. C.- E. Neill, late President of the
Canadian Bankers' Association, has
issued a warning against overspecula-
tion, and is reported as saying:
As yet there is no boom in Canada.
The future has not been overdiscount-
ed, but let us keep a true perspective
and endeavor to direct the develop-
ment of our country along sound lies,
thus paving the way' for permanent
stability and good times.
Returning to predictious of Can-
ada's coming financial independence,
we find the New York Hertald Tribune
noticing the announcement of the
Canadian Finance Minister, Mr. J. A.
Robb, that "instead of refunding some
$53,000,000 in maturing loans through
borrowing in the American market
this fall, the Dominion will pay off
these obligations out of the surplus
in its treasury; he intimates further
that from now on, for the next five
years at least, the Dominion will be
in a position to take up all of its loans
in the same way.:' On which The
Herald Tribune -comments: •
Canada has had its financial diffi-
culties in the years since the war, but.
to -day, from a financial standpoint as
well as from an economic standpoint,
it stands on the threshold of the great-
est prosperity that it has known. The
present step in its debt -financing is a
definite recognition of this fact, signi-
fying as it does, that the Dominion
has not only been able to balance its
budget without borrowing, but to pay
off, as well, a substantial volume of.
maturing indebtedness.
To those who have watched the
progress of Canada economically in
recent years it will come as little sur -
prize - that the Minister of Finance
is able to report that, while taxation
is being steadily reduced on the one
hand, the Government is thus able
to discharge its outstanding indebted-
ness as it matures, on the other.
The conclusion that Canada has
reached the capital -exporting stage is
based on the rectn statement of Ray
Hall of the United States Department
of Commerce that Canada's present
position "Is very similar to that of
the United States during the last years
prior to the World War"; it is "the
position of a so-called debtor nation
which • is reducing its old debts to
foreign investors or is making new
foreign investments of its own in an
aggregate volume eceeding that of its
new borrowings from abroad," As
The Herald Tribune remarks, "no
clearer indication could be asked of
the Dominion's approaching financial
independence."—(Literary Digest,) •
South African Item of Interest
Here
Two
The
Interesting Letters
Appear in Listowel
ity. The Prince Consort arrived in
I State and the affair began to move.
Standar_.,
All the nations lined up on the cam-
_ pus outside the stadium. Then the
parade began with the countries filing
in in alphabtical order, with the ex-
ception of Greece, whose athletes
were the first to enter the great stall- oliceman does not carry a revolver.
tum in recognition of the fact that His only weapon ` is a truncheon, or;
they were the sons of the founders
of the Olympic games. Canada filed stick, which he uses only"
whey Ile
in about third and I think that we himself is attacked. The bobby" is'
h t
if not hotter, than a respected member of the common
Walter Boys, Members of the Olympic Team, Gave a
Personal View of Amsterdam That TI-•-ows Much
Light on. Conditions There
STRANGE CUSTOMS
Knowing that the following letters
from Graham and John Walter, mem-
bers of the Canadian Olympic team,
will be greatly enjoyed by the 'public
generally, we are pleased to publish
them for the benefit of our readers.
We are indebted to the boys for the
privilege: (Listowel Standard.)
Amsterdam, Monday, July 28, 1928
Canadian Olympic Team:
What a time we have trying, to find
time to write letters! We work out
twice:a day and have to be in bed at
10 o'clock, so with a bit of sightseeing
our days are more than full.
Amsterdam is a very .interesting
place and I've seen more things to
wonder at in this place than you can
imagine. On Sunday Jack and I took
a canal boat through the canals and
harborf the city. We saw the old-
est pari where the houses hang.per-
ilously over the water and the only
approach to the front door is a small
brat of some description which they
anchor to the door knob. The streets
are all very narrow and the mass of
hunianity that struggles up and down
them every night is unbelievable.
windmills shooting their great fans looked about es o , ItY and usually a magnificent specimen
most of them. The crowds gave us of manhood. He wanes unarmed into
like arms into the sky. a wonderful reception. There were 47
The Dutch people are both very countries in all represented, and it the most dangerous quarters of the
modern and very .ancient. Down the was most inspiring to us of the British
narrow shipping streets you see a Empire to see our flag appear in so
sheik dressed in the height of Fashion many different forms and carried by
followed by a fellow -countryman with
a little tight coat and pants at half -
so many different races of people:
Australia, Rhodesia, Ireland, Scotland,
mast, or a workman dressed in a lea-
England, India and Canada, all belong -
titer suit and knee pants and wearing Ing to one great family and all recog-
big wooden shoes; and what wooden niaing in each other one great fratern-
ahoes they are. Some are plain, some ity of nations. Yes, the old Empire
are varnished, and some have steel will take a stiff breeze to shake it, and
laces riveted into the wood which wherever the Sag flies the sympathy
make them real snappy. They are of all and the good wishes of all are
vett' curious and follow us around
with monotonous regularity. The
other night a number of us parked
centred there.
Waiters. yes they have them in
Holland, but they are the worst in
in front of a big theatre and sang the world.
some of our team songs. The crowd Iust close now. Best to all.
got so large that when the theatre JACK.
people began to come out they could
not get past the doors. The cops were
called and, with their swords, not S
batons, they managed to clear a pass -
cots Excavate
age.
Picts Village
One of the boxers we used to train Site of New Archaeological
with in Ottawa "Y" met me in the
hall to -day. We were Doth surprised Discoveries Is Skail Bay,
to see each other so far from Metcalf
Orkneys
Every third person, man, woman andin y
Street. Don Carrick is a mighty fine
child, rides a bike and how they ride! chap. We have hacl a great deal of Glasgow.—Archeological. discoverers
This Is the queerest place with the fun on the square in front of the of great interest have just been made
queerest customs. Imagine seeing a :Queen's palace with a Dutch "artist?" on the Skara shore of Strait Bay in
cart. on the street with a jar. of living, who . attempted to draw a sketch of the Orkneys. A prehistoric village of
squirming eels in it and on asking Carrick, . huts connected by winding subterra-
the pusher of the cart what the eels I saw the new stadium yesterday, nean streets has been laid bare.
are have him swallow it like a raw and it is undoubtedly the finest of its The Office of Works is conducting
egg or an oyster. That's what they 'kind .in the world, although I believe the excavation operations on a gorup
do over here. Another common sight the track is slow. of Picts' houses under the direction
is to see an old woman in Dutch cos- We took a trip to Utrecht yester- of Prof. V. Gordon Childs of Edin-
tume cleaning small fish on the street day, the city where the English and burgh University, an archeologist
which she sells to passersby for 10 French settled their argument over familiar with prehistoric Scotland.
cents, who eat them raw as we would Canada many years ago. We were in; The latest find is a new chamber
a chocolate bar. an old Church which was built about or hut, Which is in a better state of
On my slight acquaintance with the the time that Old King John( one of preservation than the one examined
Dutcher I would say that his chief my namesakes) signed the Magna by Petrie in 1860. For the first time
pleasures are to be found in beer par- Clfarta. There is a tower in this city the relics and the construction of one
fors and in music. Every third place
is a saloon and every saloon has its
orchestra; that his chief characteris-
tic is inquisitiveness; crowds collect
and follow you everywhere; that his
favorite pets are dogs (you have to
watch your step) ; that his best food
is bread and butter; that the day of
the sodden shoe is passing but not
East End of London. He has been
known to arrest six men who attempt-
ed to attack him merely by wielding
his baton assiduously.
Swift Justice in Britain
The Londoner believes that much of
the crime in America is caused by the
fact that the police are an armed
force. Violence, he thinks, breeds
violence.
In England the two undoubtedly
major factors which conduce to the
reduction of crime are the successful.
detection of crime by Scotland Yard
and other police organizations, and
the prompt justice meted out to the
offenders. In the metropolitan area
of London last year not a single mur-
der was left unsolved. In every case
the murderer was uncovered and.
brought before the court,
Criminal justice is far faster in Eng-
land than civil justice. It is no un-
usual event for a criminal to be tried,
convicted and hung within four weeks
of the commission of his crime. Such
rapid-fire punishment deters' prospec-
tive criminals from insurring the risk
of a like fate.
Wholesale Moving
Great 1500 -Mile Trek of 300
Families Across South
Africa to Take 12
Months
Barkly West, S. Africa.—Within
next few months there will begin what
may be regarded as the last of the
great trecks that have madb South
African history,
Some 300 families, comprising 1,842
built in 1300 and is something like of these wonderful structures have persons, with 340 wagons and 15,000
386 feet high. A bus took us through been accurately observed and photo- animals, who for the past two genera-
Zeist to Dorne, where Kaiser Bill graphed. Much pottery has been un- tions have suffered • hardship, will
lives. We did not see old Bill, but got earthed, includnng a number of quaint- make a new beginning. They are the
a picture of his groundsntau, and ly ornamented sherds never previously IiAngola Boers in the Portuguese West
stole a rose front his spacious estate.' seen, but which are expected to help African territory, whom the Union
We were afforded a wonderful oppor- th approximate dating of the site. Government has graciously allowed to
tunity to see the country life of Hob! The excavations when completed settle in South West Africa.
I and fn a drive from Utrecht to Am- will probably reveal an entire village Only a small number are well off.
t
gone; that their hospitality is second sterdam. The landscape is dotted with streets, passages and galleries. The greater number are needy,. They
to none and the warmth of their recap- with Holstein cattle, and not a single I will receive a loan of 4350,000, free
tion never to be forgotten, ;fence separates the many herds. It ,
of interest. Each family is to get a
dipping from a South African I've been taking pictures at the appears that many of the little sluices Industries Increasing in Old farm of about 16,000 acres in extent.
A c oP g Af n or canals .are quick sand at the bot -For the first five years of occupation
,.stadium of Americans, Australians,Cotitntry
paper covering a recent visit to Rus- Turks, Poles, Hungarians, Esthonians, tom and at the calf age the animal is they will be lessees, and thereafter
temburg, Transvaal, of the Governor- In the course of his presidential ad the purchase may be paid in 80 years.
General of South Africa and Princess Irish, Finns, and a lot of there whose thrown into the water and iven an d t th annual meeting of the
Alice includes a paragraph of inter-
est to residents in Vancouver.
The paragraph reads:
"Her Royal Highness Princess Alice
has accepted a sketch of the Gover-
nor-General and Her Royal 'Highness
from Miss Carrie Hicks, daughter of
Mr. F. Hicks, formerly a well-known
member of the criminal investigation
onick rens a e In cash each family receives 4400
countries I cannot spell, but it is -.a. epettenre tv t t fe reac e o q Chamber of Shipping of the United
wonderful sight and the "sign" Ian- sand, a hand lesson but a lasting one• Kingdom at Rugby, . Sir William to 4800 for house, bore -hole, windmill
guage is the universal language around The little canals can hardly be seen, Seager said there were signs that a `and data The cattle advances must
here. ;but they are all over the land. Yester• be repaid within five years. The few
I day I saw what was very funny to me. revival to a state bf comparative
Sincerely, i i on the prosperity might be expected before who possess £ux100 or more, are e
l.
GRAHAM. . A herd of cattle was grazing lowed to take up land on the same
land at the bottom of a twenty -foot' long' If the heavy industries were i conditions as any ordinary settlor.
cliff, At the top of the hill all types moving slowly toward prosperity,I Some of the families will have to
Amsterdam', July 28, 1928. c less moving. The . trek 1,500 miles by wagon before
The last time 1 wrote you a letter of ships were moving along the canal. they were none the
expansion of thirty-four new rndus• i reaching their allotted harms, No
I guess we were on the S.S. Albertic, .A tree had fallen across the road and tires, involving the additional employ- farmer may a mei-0 en- frotn Angola, so that when the Ktusene
introduce any live stock
department and now of Red girl of. We docked at Southampton and took it looked like a long delay as the
municipal staff. This gifted girl oP a train to London, where we put up. Dutch workers in their wooden shoes ment of 874,000 people. was
17 pas had no instruction in her art, tor the day at the Hotel Ceri1, about proceeded to cut the tree in several couraging sigh`
yet, she has already won a London
prize." the finest hostelry in London. We sections in order to clear the highway
saw a great deal of London front the on which the traffic was already piling The apple crop of Canada for 1928
Miss Hicks has relatives in Canada, :a ood work• :up. The 30 odd Canadian with pie• i estimated at 3 167,360 barrels, an the responsibility of the continuance
back of a cab. We had s e , of the trek, a Further distance of 700
an uncle, Mr. Adam Hicks, a well- but at Stamford Bridge. The trains neer initiative peculiar to the race increase over 1927 of about 850,000
known pioneer of Vancouver; In a here are really fast and We got to (that's good) took hold of the tree barrels, miles, truly a formidable undertaking,
recent letter from his niece, Mr. Hicks Harwick iii biliary, There we em and dragged it off the road, leaving �, when the desert nature of the terri
received a snapshot of Princess Alice. barked on the good ship "Archangel" the Hollanders standing in 'their
for Rotterdam, It was on this ship
that we got our first taste ofrecon -
elass passage. It seems that we were
beeped to sail ' the following evening
first-class but the committee were
of Water - Power, and, besides, exit. of purpose between the Almigh- anxious to land tis In, Holland as early truly has beheld the greatest spec -
"the
p
" lland tar' send de osite of north . and thdm.--Abrahatn Lincoln. as possible, and it a result We Sept tattle of his young career. The "Par-
fife oil P �
ern Canada are promising as a factor ;:• in places over the propeller. A blink ade of Nations" in the Olympic Stadi•
i • - , ►rPhiladelphiap com aft whichroom with two portholes as plenty }rot
in the country'd iiidustriai future. Z+& company Ir tun at Amsterdam was beyond a doubt
t Mr, Shaw says; hM pall} 119hq an Office In ii, motto for tne, but no one was any the worse one M the greatest in the history of
And yet, ,wet it is not disturbed it,
•. t boomlit_, Y~h•os. Britt• o }at Pox t.
Canada is hot B p 'p
. � er , landatfori Por the bust- fri i from
' , 1 sterdam' le ',very interesting vt ith the
River is reached all animals toast be
disposed of. At the drift the Adminis-
tration of South Africa will assume
wooden shoes with their mouths open,
staring at es dumbly as we whisked
by in our big bus.
Since the above was written some
time has intervened in which yours
'. tory to be crossed is considered,
No motorist will contend that the The trek will then be continued in
taken while she spoke a few words
with her. • d petrol retailer should not be granted batches of three groups of five wag-
e reasonable profit. .ons each, every fortnight. Ac:coi•�ling
r . a to the prepared schedule the y �•t:att
Men are not flattered. by: being
Grace: ''1`ni gcnlig to enter Fido in rek will occupy about 12 m' nths to
sho"pi ithat there has been a differ- the dog show next year." Mabel "Do complete.
you think he'll win?" "No, but he'll
meet conte nice dogs."" Salesman (to man buying complete
-•�" gardening equipment) ---"You'll want
An international expedition organi- one of these syringes for green fly."
athletics, 'Silvery ,oat in the vast 'ed in Russia plans to explore the Anfatour Gardener --"Yes --- er --w 1
stadiunf wits filled and tho bleacher unknown territory of the highest see. NOW --•-#;—Where do 5:et Gte
section was, Ona bilge mass'; of !Winne- nrountalns in that country green Ayr
a
>, �rtl in to
Mn-
pr
I
I3.c tt0 a
bin sounder �,rzd $
et 9
WI acm f4 � R4
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more 1a'stingwtha - .1Q,Q7� •).>t"'6i►4.: 4i 104k