_,.,.-....~.-_-..-,....- . <1 .-.-»:\ to»

PAGE FOUR W H M

111:1 i ctt-ttttonrtown 011111111111

Murnliig Dally tl-‘ounded In I887)

Presiticnt: |.1cut. (701. W. Ulllril-BI 5- DIN-ll" l11-o President: J. R. Burnett. I"..l.l. Neeretary: bieut. Col. l). A. n-luclfilnnnn. 0.8.0. rid-tar anu Managing Dire-tor .I. R. Burnett. FJ-l- AssuI-mln Editors: Frank Walker and Ian A. Burnett

SiL-‘ISSCRIPTTIIN RATES u). “Li. i" p_|1_‘_|_' $4,110 per year; $2.50 for 6 IIltlIlI-hl

$1.25 for 3 months; 50o for one month

‘ miy Delivery 55.00 per year; $3.00 for ii mOIII-ll $1.75 fut 3 mtlnlhl

By M1111 in Canada and U.5 A $5.00 per year Suluiiluy- \\ ceirly: $5.011 per year; $1.00 for 6 uinntll-l 50o Ior 3 mouth:

no chi-mined II how \ nrll; Ulfi \\ udtlnxlnll

.\|'\\n IZIN l'r(‘l hh. 1,... m... .- Hfnnd U11...- 1i. \\ 1. '1. 50n- 51111111. snaII-nry.

-n Flllfll. Mutwliili .'\ IS.-

The Sfrungesl tllz-ntoru is III-alter than the II art/res! lulr."

lllll.

III-II JIIII-IIK l5.

A11 Ijnvinl-le RCCUHI 11-1 l.-.0 i-t-cnsion of Ill! lli;,_-_;1—

_-., 11- - .1:tl l'l‘\"'-' _ _ 1- 111111 1111- .\'1'-t“.l1 1\-l\'-l »\-"‘llll

vi... .

lat-111. 1x dart-i11; ‘.l1e\‘101111'1- l.1-:1:1 v0i\'l11'l\llll1l.wlll‘ 1,1_,H,.,,.,..1 1111', 1'..,-\-i1..-e 1.11 ltaviug the largest 1111-111-01- of 0-112-111-0115" 1011' <1 ."l-l lll ll” ‘mince

,. 1.1.1 11-1- 111-t 1001-11011 the t1.-1'.i.-11~\\-i1le _ 1...- 1110 >1111pl0 1\'l1\\lll tl1:11 110 ..-.1 i-t with .\'---.-:1 501-1121 i11 .\lil1tnr_v Dis-

mc. N,“ 1', “m1 .113 ..t't'-.-i.-1l figure are tisuztlly-

l

pin-n l-y tllslrlc. .

' 1-...- .-.-.‘.<~l.1~,-.1 i11 the llav-ztr-l Wit-ll“ “f m‘

0..., _ .,~ .1 ~11 11......‘ ..1' t1-1111111-11s 111-c i-tlt-rr

fiuttr. -.-1l l-v l11-u l. l. 'l‘l1..1-~.-11, 'l'hc_v e .. _ . .

5111-10 that 71.5 p0r c0nt of Prince .l‘.(l\‘\‘.'ll'tl l3- l.'11t<l intuit-rs rttttk 21s L‘:1‘.0g1-1-\- .-\ fngltttttg-tl-Cll .11‘ 1-111-11 :11 fttttt-ss 111 :1ll .\l:111i1.-l-;1 with (‘f-T 1W1‘ ‘1011-1111 11-1111 (-7.5 p01" c0111. Ining perit-tls :09 .208 LX111- -i:111s 21nd

_.;1-,.- 1112-11-1; 1.011011 (':1-.1.11l.'1. .\.‘-.\t 0011:. .1111‘. 111011 bli-k: 111 the first ninc 1111 8115M, “T” gxiljlllflPtl l-y civilian pltv. 0.110 til-poo or 55.1) 1-01- cent. qunhltetl at (.1110- gut-v .\. llcrr- are 1110 fignrt-s h1- 1ll\'l<ll7l15-

(111119;

No. A P01‘ D..- Exant. Catt-cor)’ C0111 Inndf-n - - — — — — ~ - - -- 14.1111 fil-

T1.- rot-to

. . (13 4 9.364 67.5 9,092 64.4

(‘11111-,,-11l.-n1--.- trrtittiitg. it will l-v- rt-cztlle-l. 110111111 1'1 f‘~'---.0111l---r, 1011-. 11111-11 the- _§t't-1l.'\\‘ policy 1111'-

1-111 inn-- rift-rt. 'l'h"r0 \\-01-e 1111-00 ~11rl1 ]\(‘1’i11.l.\ n-t-l -l1--1 .1111» l-t-fr-rc 1110 13-111-1111111111 1-1-l10_\' l11‘- gttt i11 \1-1"l. lliltt- » -:~1i1-» givvtt l.-\' .\l1‘. illnl- 1- 1, (H111; .111 :1ll |-..§11'<, 1111- fir-t nine ttn-tittittg

1-02-1-1-1: 1' frr-ttl .\'..\-<-1-11-0r, 10.10. to St-pltftltl-(T. 11111.‘) ("in t-llter pr-in . data on 1110 f1 st tt-n yvri-"ls .'1r1- :1\-:til.1l-l..-. ht- pivttur‘, tl11.t‘1't1-1‘0, 7s fairly 171-1111-1010.

$0 f...’ grnnpttlsi-t-y- 111ilit.'1t-_v trniztittg has been authorized fnr single tnen or Cllllfll€$$ wtdoivcrs “l... were 21 to 24 years of age as of July 1, 111.10, iurlitsit-r, and all such ntcn as they he-

c,,-.-(- 31 .-. 31-. ..1' qqr- \11l-~01111011t t-'-1l1.1t 11:110. lim- .11 1.:-.1-Ltt11-1-.'- att- .-f-111-1-1‘111-1l with 1r. W111i,- \{.1'i.,-11al lh-ft-ttt-r- Jllltl .\';1‘.|1-1121l \\'.11- Fen-100».

'-'1“...- 1'...-1.1-.- .1<.-i.1t-< l11-w tn-urv 111011 are 1-0111111-0-1

for tmitiittq in 0-11-11 111ili::u‘_v tli-lt-it-t. lhc 1111111-

l-t-ri» |-.-11'11111l.‘11-l1- 1111111-1- 1h»- fr-ur-ttti-tttlt 1-01101111‘.

1.2110,- \--:1-:.-1‘. \\-11l.-l\-. 'lil10 iy-vi-twiittg lztcli-t‘ is lll-f

1100-11111111-.l.-1ti1-11 :1v':1il:1l-lc i11 trait-i11: centres. lt 15

Ztppnrt-nt that tlte 111-1tf01"0110e has gone to ‘tin-

.~~-\.1‘0 rt-crttits and that trrtitit-Ps l121v0 h00n 0:1ll0'l

r--1l\ ;1-1 rlt-I-tlw-l tv- fill 111- ll1<'~(‘. (‘Pitt-Ts rlilltl< \-,E1.---.- 1-1-01-1111111-5 1k 131-1-11, th-rt- ztrt- ll:1l1l0 1H i11‘ f1-\-. 1- t1-:1i1101-< 0:1ll1.--l 1|1:1t1 n-ht-t-c r1-01‘11i1i11j_' is l-Jlll ~-~l-00:111-1 11101-0‘ will l-t- l0<< t-ur-tn for 1110111.

'11..» ,\';.ti.-112-l \\'.'11- .\'<-r\-i0<.-s tltpztitttu-ttt gets Th0 1-1-111-1- to 02111 :1 gin-n 11111111101‘ of 1r.'1i1100.~ i11 0-1011 1li<1r\-t. lit.- 1l1'|1;!l1lilf'lll curries out thi- t-t-tl -1-:11t1l 1l1-li\-0r-tl:t- 1111-1111-1111-trrurittg 01-11lr0s. 111100 :1 1111111 0 011trr< 01111111 110 ]lIl<\('~' llllllt-l‘ the control 111' 1111- .\'.'1!‘.-1-.:1l llt-fctuv- ilcpztrittu-itt.

l11 0:10-11 1111i -\ 1 :1 1111111011 0f the 111k 1-11-11110111 l-.:1- l- .11 1-\..1l.'.--\l1-.1l 111th a r0gi>1r11r :-111l ~t:1if. ‘lil-z- .-:1ft' 1l--1~: 1110011111114’. .\ll 11110»- t:-111-. 111' 1----:1-1-111 .11. 111, -.1-t-11|-h-< i-f 011100101100, 010.. :-.-1 1100211111 l-_-.- 1111:1111. 11f three tut-n 0:11-11. 'l'l1erc is :1 lr-tr-l i11 12-1011 district 21nd the (‘llillflllllll in

1-11-1-1- (flak i» a 111411 court 11111-40. 1'1) to a few \\---1l..- 2121-. 1110 .\l1ni\1-.-r 11f National \\'t1r 50r- \'i1-0~ 11.111 0011:1111 111-net's with rt-spect t0 pust-

i-netticnts l-ut 1-11 1111-. l't'L‘411lllllCllflilllflll of Mr.

ltorsott. the 11FC~Clll tnittister, these powers l‘.:.1-1- 1101-11 :.1111t1ll0.l, leaving 1110 llfiilftlS suprcnte. Tluir rnlittzts ztt-t- “1111-11 and 1v-110l11-i\'0."

l11 llll‘ fir-z i011 t1‘.-t111111-_'1101-i1-tl< po>t11nt1e1t10t1fs a=l.1-.l for .1111] ;:--.-1111--1l fwlnllt-il 3511.11. The num- ber for l’r1|10-- l-hrttr-l l~l.u11l \\-.'1< 217. lt is 5111-1-1-8111-4 1l::11 t111-:.- fl-ltt-ritit-tt were granted 111-41-1-1101111-111- i11 llrtt-iu-l-zt t11:111 iti any r-tltt-r p11-\i|1-1-. 1211-1111111; 1110 I1l:1ri1l1110s 11nd llflllail

(j-.i111111-i.1.

The \Vrong Names

Talk has :1lr<-:1-‘.y 110-41111 211111111 cltatngt-s i11 the Dt-tttlttii-tt 1‘.-1l1i1101 f--llI-\\'lll.'-§ llll‘ llvlllll “f Kl‘ 111-n. l 110-‘. l..11----'1|f1-, hill. t-\1L">!l'*l$ lll‘! \"'lll' cr-nr-rr .\'.-z.-.1- IIFVl/ff (1111101-011110111) it is the iyynn; \.-1'1 i-f talk, \\-i1l1 :1ll its emphasis on the y\-.-....;_- 11.1 nf t1:1n10.~".

.\l1-<1 tlisCll$sltrll 1121s (l0:1lt with l-ut (n10 111105- firm) \\‘l1.1l appi-jittittettt would ]1lHl>'<‘ lclllClllT S1111 “l11-l11 it i11 11110 F" Nut-it's‘ ztdvltitrerl in pro- p-wltls‘ f-n- :1 \ll£ll\'i-111- itt thr- pt-cst-nt 0211-11101 ivltcp t1“. “Noun ‘phpjcc portfolio is ltllctl ltzivc a.l been llltl.~(‘ 1-f 1111111-1-111- .~(-t‘1i1>t1.'1l figures —~1\l_I1I<‘il 114-111-111 11-1121-11211 f11ll--".'i11g~‘-—lll\t- Public \‘\0rl<< ‘lliitistcr (111-din. .‘\'<-cr0t:1r_v of State Cnsgram flu-l \\':1r Services Xlittister 'I‘111-rs-1-n. _ if And there is no rrmm for petty (Iflllilflkrflllftllfi in tiamittg a _lusti00 Minister. Whi- Wlll hill”- control over the rights and liberties of every

Catuttlintt ihrt-tiglt tidiitittistratioti of the Defer-s’.- Of Canada .\ct.

Similarly there is no room for sectionalistn while (‘attada still lacks leaflet-strip able to in-

spire the "ft-cl of iiatintthr-otl" ——still offers st-nu-llting f:u- ~l11-1-t of unity 21s its cotttril-titiiut lv- 1-r1-~01-1it1q;tt1<l lllllltltlg lIIlUHIlJlC 21 world which

th1‘i.-.11011s in 1li>it110g1‘atc.

- lDlIURlAl NUIFS -

\\'ill 1110 01-21ll1i1-11 1110101110111 spread. from “lest 11- l".:t~t? llritislt Columbia 21nd .\l21nit1-l-a lcd the way.

Ill IF # U

l11<t0:1-l i-f 1110 "01111-l11_\-01l" and “111101111-11-1-011" it 11-1-11 111-y he “civil s0t-\-:1nt":-.i1tl "tttztiittt-ttttttce st-rvzutt.”

i i I i

fllf- l.l'{\'r‘l Cent-gr is to he presented with a 0:1\k01 c-uttrtinittg :1 011011110 and l0.1er~. whit-h l1-11l c1-111:1i1101l Sill-it '1-ti1-11- fro-ti :1ll parts 11f the n-i-rld 11- tnat-l; fifty 1-1 rs 21> an M. P.

* i? U

'l'h<- llritisli l)UllIlllltll1S now are coutt-il-tttiitg air- c1‘. w- to the l-intpire .\ir 'l‘r:1ini11g Sclietne 0T1 1111- ltfbifi t-f 1-1-1-11111111-11. (l11 this llflfils‘ 1110210111111 1-i-i-ct-ttttig0s Ilfl\\' are: Lizutzulzt. 5ft per cent; Aus- t1-.-1Ii:1. 31- per ccnt; .\'<-\\- Zcalattd, 8 per cent.

W‘ i Ill >IK

The British Gnvertnnettt approved the trans- .1.i~.1..11 11f nvct- one niillir-tt (ltristntas cards to 1110 .\l1.l<lle l-f:1>t.'111d other t-t-tttt-te places rc- t-t-ntlv. They know the right thing to do.

ll I1

llctttt-Ittl-t-r in litre-land where paper is at a pre-

111111111. the ("u-vtrrtttitcttt refuses to di<cot1r.-1gc st-ittlittg (Iltris-ttittts grcctittgs for two reasons: tl10_\- 1101p to 111.-1i11t:1it1 morale and to pt-ovtrl-z

11111011-1101-11011 posts-l rev-cutie to send "gifts to the 011011111" -11 n1 i1 >11 Official <111-k0<111011 for 1110 Brilislt Govt-rit- 1110111 51:110. that 1111- rt-c-l-nt seizure of fit-c Yiclty n101-0l1:111tn1c11 off the SV-nth .~\fric21n coast was entirt-ly- 1034211. ll1.'11 :1ll pn-tesls were tinnst-nse and that 1111- <21n10 st-rt 11f thing llfls‘ 11111-1-011011 t-ftett l-t-ft-rt- :1111l 11.111111 21021111. .\lt.-g0tl10r_ tl1lrt_\--nit1~ l-‘rcnclt ships, with rut ttggregzttc tlisplztcctncttt of 1131.000 tons, have l-cctt taken over on various world routes this year. two of them l-y Nether- land wat-sltips and the remaining by the RE-yll .\'."tv_v. a1 >11 >11 >1

'l‘l10 Qua-u lt:1= 0l11-s011 l11-r (Tltriuntzts calendars from Fer-tlaittl 11nd llrittcess l-Ilizahe-tl. and Prin- cess Xlztrgttret Rose 11111-0 selected their (flu-ist- 11121.- and .\'0w \'<‘:1t-c:t1--l- front 50011111111 also. ill-u.»- 91-1-1111111] is >11ppl_\ing:1 f:1it quota 0f the n1:111_\- lhi-tmtitds r-f Q-rtw-titig cards which 1110111- l-t-rs of 1110 Royal l-Ytutily will l-e s-F-titlittg out .1? Yuletide. .-\lnu1st for 1110 first time for many years there \\-ill he 11r- ft-rt-tgit Christtnas cards :1\':1il:1l1lt- th1~ 1-0.-11-. 'l‘l1-.-_\- will l-i- all P-ritish. 'l‘h.- d0sig1t0r~ and tt1.'t1111f:1tf111t"0t's art- :1ll litiqlislt 21nd St-i-ttislt, rtn-l fr-r the first lintc 1l10v are \\‘()I'l\'- i11: in t-r-r-pt-i-zttii-tt \\-i1l1 llt-vcrtttttc-nt llc-parttttc-ttts 11100 1110 Xlittis-trgt- of §ttp1-l_\- 21.111 th0 ’.1-:1rd ol 'l‘t-:11l-- t-t-gztt-ilittg 1111:111ti1l0> and 1111111111’ of 11171- l01“.;tl t1~<-<l.

1‘ 3‘ $ i litt- 111111-11111: i~ 2111 0.\tr.10l from 2111 :1ir;_-t‘;1t1'1 t‘00\-i\-01l l1_\- tlu- (lffii-er tii-thntttntliug 5001-‘ tittztrds from lht- l-ztttztlii-t. itt ‘110 .\litl1ll0 Ell}: tw-itct-ritittg 1h0 r000nt 1-ffi-.-|:1l rcpt-t" that 1h" .\l;1.~101- 11f (illllllls, 1110 H.111, _|.-hn llt-\\-0.--l._v1111.

nt-phi-u- of the (jut-cut, \\-:1s "tnissittg, ltelicvctl killctl":— “llc was leading his platoon on a

fighting patrol on the night r-f Septcittber t9. \\'ll1‘l'l they r2111 into h0.-1\-\- I1l.l1‘l1l1l<‘-Ql1lI fire front 111-1- .i.l0~, .-111tl ztrtilli-t-t- rlt-ft-ttsivt- fir.» whi0l1 l.'1<t— 0d 17-1- it) 11111111104, 1.11111 w-ts MTII 11- l-<,- rushing 21 sung-111" 1111-1111-1111: 141-1-1111110- nuil fit-i11}; his re- vi-lt-t-t". lle f0ll, with fir-r-qeunt \\1-1‘l1n1:111, 31111111 to _v211-<l< ft-iutt 1110 wan-gar 11101-0 i.- ztn 0101110111 r-t il-uti-t. l-111 it i~ a \'01-_\- \ll‘ll1l-\Il' 1-11. The inten- si1_\- 11f the fire ,~'ll1l4Il\' the ground fifteen miles llllll)’ llll-Fc were five otltt-rs wutindcd, includ- ing John's servant. " i -1= -11 -1- >11 \\';1r1-1-1- lln-tiitgs. CHllH-llfllllttl’ of our litdizttt litttpit-c, l11-111 this 1l:110 173: ; 111-111 nu: to Calcutta 21s :1 writer itt the liilst lntlia Liotiipzinys service, ultiittatt-ly- l-ecottiitig ti0v01-11o1--(501101-211 of the Liontptu-‘v ivltt-n 11c s11c1:<.--si\-cl_v defeated the l11-girl pi-n-t-r, drove out the l71-1-nch, chccly-etl the .\l.'11'.'tll1;ls 1-f the llintltt stzttt-s 0f (innit-r. lntlortt the llztrt-tlzt, and coitquercd llt-ltilkltand, now ltnt-tvu 21s the United Provinces. ()1- his return to litre-hind l1;- was ltotiottrntl l-y (leoi-ge Ill, but 111': \\'l1i-_n-. vt-ltt-nietttlv (lt-imtittced his coitduct 0f 1n- 1li:1t1 :1ff.'1i1-.<, carrying a 111011011 in 1110 House of (l-ttutu-ns for his i1n1-e:1cl11t1e11t_ llc was acquitted hut the trial, which had extended over seven years, ruined him financially, he being saved from al-jcct poverty by the l-Iast lndia Company gettei-t-ttsly- ct-tttir-g 11- his 211d with a pettsion. llc- fure his death the tide turned completely i11 his favour, and the popular voice testified to the value of hi! services to the I-Impirc. 1|- 111 i- i-

The success of the Russians will nn douht re- sult i11 an intensification of the crisis i11 the next fortnight or three weeks, during ivltich the-plier- tnztits will redouble the effort they arc alreadv tnnlting. (iCflll-"lll strategy is nor aimed at Russian objectives 2tlotte. It is impossible to dissociate the actions of the Covct-ntnent of Japan front the prcviotis sticccsses of (ion-man arnts. 'l‘here is n1- open sign yet of any spectacular development in japanesc policy. No tloul-t the instant and utt- llClsllflllllg response of opinion in the A.B.C.D. countries will have been tnarked in Tokyo. Ilow- ever 111211 ntay be. no surer tncans of giving ai-.l to hus. in the pt-esent hour is opt-n to the Powers \\-1111 Wllfllll she is engaged in a common cause than proftipt and (letertttincd action with all their force against any move desiguetl to support Russian temporary sticcess in the great l-attle now raging, .\t the szitiie time the very \\'1,-l11ll££11l(l fury of the (ierntau assaults leave no douht of Ger- nt.'ut dclertttiiuttinn to l11-lug the present tiltase of the t-tttnpnigtt to 2t fillfliChsflll cnttchtsir-u before full winter sets i11. \\'in10r will not l|l'l]I0.~(' :1 coni- plete halt tipr-n military opertttiatts hut it shnulil. on the ivltole. l11-lug the gr -21t."r sl1:1-.-0 of lx-nefit to the rlcfcttce. llitler i11 any cast is s01 upon a result which he can r-ffc-r his 1-01-1-10 as a speci- fic instalment of victor-v. ll will llI|‘I't'ffIl'(’ right to count on increased itttt-it-ificutioti 21s slut-

ed,

ht-

THE QljARLQTTETflN GUARDIAN

NOTES at nu; WAY

Hoe-President Wallace, of the Ulllwd. states, s11.» 11w- the 11.1m- c-l i-llt-ler wlll tail from witn- 111 ‘l11-at int-y 1.1: true, but. .1. l5 ex- ttu-kty doubt-tut Just. w take no chances. we must. be ui a posit-ion L0 ralll the lieawest possible blows on the roof andglve it a mighty Pll-lill 11'0"‘ ll" 911185- —- K111851011 LOOKING INTO THE ECONOMIC wing-standard. FUTURE

PUBLIC FORUM

rm unm- u on I" l" “Mum;- by correspondents cl qnullonn or Interest. ‘Ibo Chnrlnttotnwn Gunrlllln IIIQI In! nononarlly endnrlo tbn ooh-W" of nrruuomlruln.

This ls only the beginning. II’ 51.34pm ramming 15 summaflged “ie all? .l° dell“? llll ‘ml cllelllles from Harold Fishers bookflilngland to wuttilttg the war. The Govern- Takes we mad," an exammaugn Elie-y’ lklilllwellemlffimlgellxglfuxfgilfilelog; of the behaviour of money. “The ' .- . . . entire structuze of the word ex- atttiies _i.n the field and increase pressed m tom. words on a Bank prodalicmgnlhw cullilullawfllgge [mag of mtglancl note “I promise to pay." >.-\\'-‘ c e C 1' o S‘ . . . it-ucie this man canybe most. use- 5"?” hm“ °f ‘he, dill-y unaccounted lul 1n 1 is onu-lbutlon 1.011601 lllll-lons °l such plomls“ w pay are 5.,“ Prleuc ' _ ‘ lxzing brought. lntx- existence, belng ‘ bought and sold, being discharged and being repudiated. The orthodox "sound money” (‘experts blelleve thley can restrict an imit tie prom s- . - - . 0~ tu a WhlCll we are making 3131?. l1§§§‘1,,-§,“1nb,',§l%.' t; one pGIIIOUIEI‘ every day by limit. . ' - °.’ ‘ in the available cash to discharge Lsi-Zuggibieimiirtir ‘§‘.§’.$."§.°‘..§l-?é3 thgse pwmlses w 0W They "ml-l"- 1105s without. attemptlnf; to summon d: 1&0 £2651‘: fcsulabfgllsfczgslzmgeiaclfi illiizisiazlxlfgfttolbf (ii-eon bolygslnildiiilrglg? iifynieatts to discharge them. but There is no place in decent society they cannot. prevent promises being tct- such a cur — Brockville Re- made. Money is clearly a legal fic- corded until Tnies. tion, It no longer exists. we never 'i pay money; we discharge our Hereafter Anéesrlealn officers fvll: pmnnses m pay by transferring T101 W981‘ S11v0!‘ . I» 811139318 111 someone elsefls romlse to a — the matcrtals In them are needed when I pay anpaccmmt bypdfaw- I0 Inf-kc 11081101115 0f W111? —- Gl°b° mg a cheque on my bank deposit. llllll Mllll- I am merely trausfei-titig my bank- er's promise to pay my deposit. When I draw a Bank of Canada note f0l‘ $5.00 from my bank deposit. the bunker ls transierrlng to me the Bunk of Canada promise t0 pay. and all our 161011111505 1p D1113? mone (except. sma ctangc t1 si- Millan. ‘in fact. can feel gratiflca- VH3 lillckel ‘ml-l CD999”, flle prom‘ 1.10.. 11.1.1 n.- did- not. lose more 1m 10 pflv other neon-es promis- hcavily in that. area. — Windsor 95 l“ Pill’ Mme!’ was ll°l' always star.

We didn't. think this respectable ccutmtinity harbored sucli an ani- nuil as the 111.111 wlio recent-y

Premier A. S. MacMillan need not worry too much about. the small 0.0.1“. gains. They took place ln Cape Breton. the mlnlng dis- trict where labor traubles of .1118 had set the stage fot- an increase in rad-cal sentiment Mr. Mac-

the legal fiction that it has now been for many years. 1n times past _ it was gold ln the shape cf dollars. 11105" "ll-l" ‘ll “l” g“"°l'“".ll'“l If any one paid yOu n $5 nett- you wnu tnge 111211 :1ll 111-unable QIIIDS cuum-gfl gold for it‘ since ‘new ought. to be t1~.e-.l to convey munl- days gold has dccendcd 1o we tictts to Russ-u rather than extra van-ts M the qentyral Bank sugar and butter 1,0 Britain, evince Professor J_ M_ Keyms 1n 1,15

a llludllble 5pm” “f s“lI'-abnega' “Treatise of monev" uses the fol- Rszijuullgni“hdlieguqa chalzllgemfié lotvlng terms in iyltlelt to describe t

fucd fci- ou . ves._ R1 ly snoutd ccme first Ships, it must be rcmem

, (.e,.,_,,1.,_ money: Comma-titty 11101101; Central Bu,’ is‘ {L1, Bank int-trey, Members Bank money. baled, are Business tnotilcy. Only 821? of these one“ not jus,’ ships They me ternrs, name; comm 1y money l; bu“ f0 a S, c1111 u; 05% t-efeis to money consisting o 5 l D5 t !‘ D9 l3 l3 n m t and not ftt-trd for other purpose-s. mlnled mel-"l- {i 9 Will are ll-lsf Tankers. t;- mke an Obvious ‘c-x- so many diffs-writ dew-litmus _<> annxe. 11.1111 1.1-1 curry tanks. ut-un- promises w tnvflrhc- nomat life er will tcfi-igeratct- 5111135 We 01m story o_f any promise to pay is

"50 1111.111 for our butter \\‘1l[l0lll- ta- rts coining tnto existence any tuteasy feelnig that. they 1b) its existence for a greater or tnjght. b0 carrying airplanes to the lesser time. eastern front‘ Sugar c. Ces mo)’ ic- its favourable discharge at not need speciall-d vff- kblllilll tnaturity- by com 01- another fact flirt-e is no arcs ‘on q 1151111 pmnise to 111-y or default by the all available ships for Rusk! T119 pet-son giving the promisc.'I‘l111s the lllllllbfl‘ Cl $11115 lllfil fll" l11? _5° ltlond cn-cttlatloti cf 1110 t-concnnc ll.~'-’.‘(l is lllllCldllllflWlfitislrlttly 111E111» bodv "my be viewed as a ED111111...“ "l bl’ llle llllll facl 95 “Vlllll 9 creation of a fresh stream of new Mi-. Churchill has mentioned‘. 11111111 promises to my a large reserve,“- llle mill’ “lakes pm“ 99°“ l- at of existing ones tpromises tn being- thcre l5 cztlv cue port in Etiro-peati and an evnCuat-nw strmm o’

.' . : . a l Ritssia ' winch uc can send in . -. .- -. . .

. . ,_ _ _ , _ PIQIIII§>S bung disehaged. The munitions. O11 the number of shps two ‘Ham, I, ovum t _, that can be berthed there at a . 5 i’ a e m " f‘ fill)" - inp, rates and the reservoir ts 111-

eral Goveznment. The issue by the Federal Govet-tuilent. and cashed by t-lie Commercial Banks would be re- deemed by the Federal Govern- ments issue of 1 per cent Certi- flcates ln favour of the respective banks to the amount that. each batik may have cashed. These 1 per cent Certificates woud be lodged with the Ceiit..al Batik and used as coverage instead ot gold. This would be a great help to the banks in 1:11am they would receive 1 per cent On this kind of ltoverage ivheress they now have 1.0 pay $35 an ounce for the gold coverage and receive nothing on the money so expended. Any surplus 0f such 1 per cent Certificates over and above the coverage requirement-s could be refunded 1o the banlm DY means of taxation. As a platter of fact. gold is only necessary 1,0 settle differences between exports and Imports from abroad, The Federal Government-s 1 per cent certificate: give just as 0d confidence u gold does. s a mutter of fact since the sale of Canada's $250,000.- 000 of gold to the Exchange Control Boat-d with which to buy Canadian Lnvestment-s held 1n Britain the l per cent Certificates are at present being used as coverage in Canada IIKDlMG 0f gold. Contrary to all the principles o "sountf- government and “sound" finance, as it; may ap- lN-‘flr. practically every constituted government has had to deal with the crisis within the domestic vol- time of promises to pay by mak- ing free gifts of money. They have been called doles, grants. subsidies, but free gifts without. any sort of j-come back" by way of repayment, IS essentially what they are. Those banking expezts who have thought that the promises topay known as bank notes and bank money conslstute the only money. and that by means of manipulating these they can control the total volume of promises to pay at any time in being are realising that they cannot. The Bank; can only create promises to pay when them ls sound demand for loans. During a depression this sound demand for bank loans is practically absent, The government by bot-rowing from £110 public f0r_ war expenditure ls creating promises to pay and in. creasing Canada's Public Debt by about $1.500.000,000 annually at, 3 per cent interest. instead of at 1 per cent. under Federal Government Certificate method as suggested iron-in, whereby it could save $30,- 000000 annually. It ls important to realize that this amount of annual saving of interest would 111mm“ 311111111111’ ln proportion to the Fod- eral Government debt. increase. We are 1n a forced inflation and we 511011.61 do ll. in the 105s expensive W81’. The Government's action to °°llll”°l Drlces ls a very Wise move l0 Prevent our financial machine from crashing over the precipice ,1 1S anproachlns. but 1e: us apply the further bzeak by the 1 per cent Certificate itietliod ln place or the 3 p01‘ cent Bond issue method. This ‘ would lessen the accumulation of Promises to pay In being after the l W81”. and lessen the seriousness of l11-e financial situation facing me D0mltll0n in the future {The commercial Bank Deposits 1v l be_ incl-easing because the W31- (‘Xlfienditure for life destniction un-

conqueror and slept ln the palace ._. of Bohemian kings, on March 31,

ln the Canadian House of Com- mons to talk for his own blll pro- viding that “Canada shall not as- sume the status of belligerent, 0'11]-

sentlment against must not be disregarded." . - o

son. now Minister of National War Set-vices, spoke before Men's Cat-radian Club here on vlt-al question of manpower. He was full of fl the 1111?";

used them twenty times. But mined to "see this thing through." he doubted that conscription would increase Canada's war effort "in its tc"~liIv."