0,9;- 38,000 people

Guardian every <19»?-

Edward Island.

ouardlsn, Iaundsd 1691

gmmllefown Claudius Two Cents

‘Parliament Wlay Pro rogue Before

Middle

Province — 8.009 g? City — Read The

The Guardian is read in

practically every worth- while home in Prince

in in

0f May

Notice To That-IE-ilffect Was Given In The House Yesterday-

Redistribution Treaty With Be Proceeded

yrllllls RE-ELECTEI] PRESIDENT

Optimistic N o t e Is Sounded At Annual Meeting of the Can- adian Pacific Rail- way Company.

(Canadian Press)

MONTREAL, May ti-With a cote of restrained optimism con- cerning the future of economic conditions in Canada, Edward W. Beatty, Chairman and President, renewed the Company's position in 1932 at the annual meeting of the Canadian Pacific Railway com- pany here tzviay. ,

‘Directors of the company were uthorlsed to float a four per cant. issue of additional consolidated debenture stock to allow the liqui- dation of short term loans-totalling 530,000,000 and other maturing ob- ligations, the amount being left to the discretion of the directors.

Approval was also given to agree- ments with the Canadian National Railways involving the co-opera- live use of portions of trackage in thc Provinces of Alberta. and Saskatchewan.

E. W. Beatty was ' rc-eiectcd Chairman and President at a. meet- ing of the directors following the meeting. Grant Hall, was re-elect- ld Vice-President and E. W. Beatty

(Continued on Page 3)

L ‘I

ANNOUNCEMENTS, COMING EVENTS, a MEETINGS, arc

inserted ln per word

mh"Announcemenls are ls column at 2 cents

strictly payable in advance. I QM. “Come to the dance in Peakcs 361i. Wednesday, May 10th, under the auspices of St. Patrick's Road Women's Institute. 9234-54-11.

"Dance in Lake Verde Ice Cream Parlor Monday, May 6th. If weather unfavorable, first fine night. Ad- mission 25c and 15c. 9227-54-21.

"Zion C. G. I. T. “At Home”, Zion Hall, Thursday, May 4th, 3.30 i N0 D. In Twenty-five cents.

9244-11

"Come to the concert, Hunter River Masonic Hall, Monday, Ma lth. use p. m. 9241-11

"Hear Mr. W. F. Allan Stewart lecture in Bonshaw Hull, May 10th. Willem and sale of lunches. Ad- Mission l6 cents. .9223-5-4-1i.

"Emerald players will present

g!" play, the "Red Acre Barn" m Niown Hall, Friday, May 5th. Dent miss this. 9240-11

"T710 Annual Meeting of Harts- nlh Cemetery will be held May 6th the hall st 7.30 P. M. Duncan fholson, Secretary. 9221-6-4-21.

The adjourned meeting of Bon- “tew En Circle will be held m I . Hall on Friday, May 5th at oclcck P. M. If stormy. Saturday.

- 0192-5-3-21.

"Everyone should desire s solv- zm “We. A very fsw dollars will u?“ In immediate estate of one “missha- Talk it over with .1. A.

°°“*» Minim- Sun Life.

May 3-31.

"Old-tum fiddlin and dancing afmt ln o. m. n. X. Hall, Vernon ‘W291’. Wednesday, May 10. Prizes ‘name-ii Write or phone entries to

"Win90 by 0th. Contest starts

l. méhfcifii,

Bill And Trade France Yet To With.

(Canadian Press)

OITAWA, May 3.—Possibility of an early prorogation of the House of Commons was seen today in the course of an interchange on the subject between Prime Minister R. B. Bennett and Rt, Hon. Mackenzie King, leader of the official opposi- tion.

The question arose when Hon. E. N. Rhodes, Minister of Finance, ask- ed for s. second interim supply cf 1/12 of the total, in order to carry on day to day requirements of Gov- ernment, and meet the May 15 sal- ary list. '

Mr. Mackenzie King suggested that, as the opposition had no da- sire to further prolong the session, it might be possible to prorogue be- fore the middle of May and that in- terim supply would not be neces- sary. ‘ I Mr. Rhodes was of the opinion that the supply would be needed in any event as there was no money in the troasury for immediate needs, but agreed to leave the matter over until tomorrow.

Premier Bennett agreed that it was desirable tc speed up the ses- sion but. said he understood there was likely to be considerable opposi- tion to the Redistribution Bill, which so far as he was able to say at the moment, would likely be preceeded _witl'l. l-le would also have a short meas- ure relative to a financlnz Proiect. which hc mentioned in‘ the I-lousc

treaty.

“Is that a trade treaty with France," Mr. Mackenzie King ask- ed. -

"That is right," Mr. Bennett re- plied. The Prime Minister said he would endeavor to advise the House definitely tomorrow with respect to all outstanding legislation with o. view to meeting the opposition lead- er's suggestion that a date for pro- rogation be set.

One Killed And Three Injured A In Train Wreck

MONOTON. N. 13., May 3—(C.P.) A statement issued here today from regional headquarters of the Can- adian National Railways, in con- nection with thc death of one em- ployee and injury of three others on the Glendyrlo subdivision this morning, when a locomotive of an extra way freight ran off the tracks into s. ditch on account of a washout, reads: "Heavy rains throughout last, night caused con- siderable weakening of the track on the Glcndyne subdivision and the track was under constant in- spection by patrols which were or- ganized h) cope with the Ofmdifslbll. At mileage 41.75 about half way between Glendyne station and Rvicrc Bleue, 11.45 this morning, as extra way freight no 3299. was PN- ceeding west, the engine left the track due to a washout and tum- ed over in the ditch causing death of fireman J. B. Iovesque, who resided st Ddmunston, N. 3., and was a native of Mont Joli, Qua, and_ injured locomotlv engineer Jules B. Mlchsud, resident at Monk, Que, a native of Kamour- asks. Que." Brslrenun C. J. Cout- urier, also resident at Monk. lfld s native of Mont Joli, Que, and brekoman oeorsa Guy. resident It ilidmunston, born at vsnburen.

Maine.

The engineer and two brakemen

were not seriously injured. The

body of fireman J. B. Iovesqus, was

brought to Edlnlllldllbn- H! W" 45

Monday night, and possibly a trade ‘

Covers Prince Edward island Like the D

limit-

9W

CHARLOTTETOWN, CANADA, THURSDAY, MAY 4, 1933

RiliiSEVElT MS BilNTRiil 0F CURRENCY

Policy of Controlled Inflation C a n n o t Fail to Have a Fav- orable Effect Par- ticularly in Canada Is Report.

(B7 Ken Clark, Canadian Press Staff Writer).

NEW YORK, May 3—Looking portentously through a fog of statistics for months the outlines of the international financial sit- uation were brought out’ in bold relief today by passage of the in- flation clause of the Farm Relief Act by the House of Represents.- tives in Washington.

President Roosevelt is assured complete control over the currency of the United States.

The action followed on an- nouncement the United States would not permit export of gold to meet maturitfes abroad.

Tonight Paris, hanging onto the Gold Standard like the traditional grim deatmwas reported ready to clap s. 15 per cent sur-tax on Am- erican imports should the United States dollar sink to 20 francs. Reports from London indicated off7cfal control aimed to keep the United States dollar and Franc from erratic fluctuations. The Brit- ish stabilization fund was said to be working in New York and Paris as well as London.

Germany while ostensibly on the Gold Standard finds its reserve ratio down to 15 psr cent against the customary 40, and rigidly res- tricts forelgrl transactions, Bel- gium, Holland, Switzerland are still on the standard.

Vifhile the Canadian dollar fell off 1-16 of a point in New York today, the recession was consider-

(Continued on Page 7)

Child's Parents Will MeetAny D e m a n d“

By Andrew J: Clarke- Asscclated Press Staff Writer HARWIOIWORT, Mass, May 3- While a widening search for 10 year old "P6881?" rMcMiath spread along Cape Cod and out to sea to- night, her parents announced they would meet any reasonable ransom demand and promised immunity to the kidnappers who lured the child from s. schoolroom yesterday. Meantime the family home stood unguarded, as police declared a 48 hour truce to permit the abductors to make safe contact with the parents.

W0 rkmen Protest Against C u t

(Canadian Press)

HALIFAX, May 3.—A wage dam. lock that sent 700 workmen of the building trades in Halifax on strike remained unbroken tonight. The striking tradesmen laid down their tools this week in protest against wage cuts averaging 19.6 per cent proposed by employees of the Constructive Mechanical Trades Exchange. An additional 1,000 men ined at work under protest. Renewal of last year's‘ agreements was demanded by the electricians, bricklsyers, plasterer-s and painters who went on strike. In an effort to effect an agreement, members of the Exchange met this aftorncon. No statement was issued at the close of thc meeting,

(Canadian Press)

WINNIPEG, May 3-‘l‘hs Winnipeg Free Press today publishes the following:

"Official Information receiv- ed today from 0mm ls to the effect that Hon. C. B. cshsn. Secretary of State, who has been hsnrlllnl the Stubbs case, has completed s report fo the Cabinet In which be finds against Judge r.. st. o. slum, of the Wlnnlpls Con!!! Cont.

years of 066-"

civic hsrimdrcsirllrr lrrulllc

For 1933 Passed

Expenditures Calculated At $264,- 864. 71. Need For Economy Stressed By Coun. Kennedy, Fin- ance Chairman; Tax Unchanged

A total expenditure of $364,884.71 with a deficit of $8,630.87 was an- ticipated in the estimates brought down by Councillor Kennedy for the City of Cbarlotettown for the year 1993, at a special meeting of the City Council last evening.

His Worship stated at the open- ing of the meeting that the question of relief for the unemployed would not be discussed at tho meeting. The matter would be taken, up at the regular monthly meeting of the Council on Monday evening next.

Err-Mayor Prowse, who was pres- ent, was invited to a sent on the dais. ‘

Finances c! City

The following report in connec- tion with the Civic budget was sub- mitted by Councillor Kennedy-

Your Worship and Members of the Council:

Your Finance Committee in pra- santing ‘you the budget for 1933 wish to state that the Cauncil as a whole has spent considerable time in preparing same and in devising ways and means whereby every reasonable economy onslstent. with

Cabinet Has Not Yet Discussed Stubbs Case

(Canadian Press)

OTTAWA, May 3—'I‘he case of Judge L. St. G. Stubbs, of Winni- peg, has not been dealt with by the Dominion Cabinet, and until it has been disposed of by that body the Government will not discuss it. This was the information secured from the office of the Prime Min- ister today.

Mr. Bennett was referred to s. despatch fnom Winnipeg which stated that the report of Judge Stubbs, had been studied by Sec- retary of State C. H. Cahan whose report to the Cabinet found against the Winnipeg jurist.

"It is amazing how much more the author of that despatch knows about the matter to which he ro- fers than does the Government

leaving unimpaired the efficiency of the City's various services may be effected.

wth this end in view, the School Board and the Oommimioners of Sewers and Water Department have been called into consultation in or- der to discuss with them the mat- ter of expenditures and possible economies, and very satisfactory results were obtained.

You will observe that our total expenditure for 1932 amounted to $264,339.26 and the estimated ex- penditure for 1933 is $264,864.71. This is an increase of $525.45 over last year but it is to be empha- sized that we must take into con- sideratlon that from the beginning of the present year up till now the City has expended the sum of $10, 000.00 for relief Pllwoses; that in terests and discounts show an in- crease of $4,337.44 and that the School Board shows an increase of $1,630.39 over 1932, which makes a total of $16,967.63 in these three items alone. It will be evident to you that drastic curtsllments have to be put into effect in practically

(Continued on Page 3)

, Waterway Treaty Meets With Opposition

WASHINGTON, May 3--Opposi- tion to ratifying the St. Lawrence Seaway Treaty so long as it lim- its to 1,500 second feet the United States diversion of water from Lake Mich’gan was expressed today in a. minority report of the foreign relations committee filed by Senat- or Iowls (D-Ill).

lowiss report cited the treaty's provision llmitng American diver- sion to the amount permitted in a. Supreme Court decisio of April 21, 1930, which he held did not take into consideration the flow that would be needed for s. Lakes- to-Gulf waterway.

To write this decision into the treaty with Canada, Lewis con- tended. was "misleading and im- proper" adding that in July, 1930. Congress authorized a survey of the lskes-to-gulf waterway route

which is responsible for it,“ the Prime Minister observed. ~

and gave engineers until 1933 to re- port.

RECAPITULATION CIVIC ESTIMATES

(As provirlcd in the Estimates passed at last night's City Council Meeting.)

Expenditure Maintenance of Streets ............-.- 324175100 Police Department 15,301.92 Fire Department . . . . . . 7,723.92 Asse ‘ and Collecting 4,136.00 Market House 4,903.61 Victoria Park .. 937.00 City Squares 1,245.00 Govt. Pond and Roadway . 300.00 City Government .. . .. 3,741.87 Street Lighting . .. 10,138.63 City Hall . . . . . . . . . . . . . . . . . . .. 1,789.00 School Board . . . . .. ............. .. 53,743.73 Insurance . . . . 3,140.00 Board of Health 3,461.32 Miscellaneous . . . . . . . . . 9,170.00 Interest and discount 86,607.50 Sinking Funds . . . . . . . . . . . . . . . . . . . . . . . . . .. 23,683.41 Direct Relief . . . . . . . . . . . . . . . . ., . 10,000.00 $264,864.71 Revenue I Hell Estate $0,318,875’ Personal Property 2,733,318 ‘ $8,043,188 0 2% $173,348.78 Poll tax , . . . . . . . . . . . . . . . ......... 13,300.00 Estimated amount from Tax arrears ........ 18509.20 Rents, tolls, miscellaneous receipts 40,021.16 $253,738.74 Less discounts and appeals 3,500.00 026633174 mt.“ ~*———— D0116“ “us”.ww-jchjcqnc-wnisrcsu-du: C ‘is.’

=|$ DE VAIERNS '0 B l E l] T IV E

The Bill Removing the Oath of Allegiance to the King was Ap- proved By the Dail Eireann And Subse- quently B e c a m

Law. -

(Associated Press)

DUBLIN, Irish Free State. May 3—l-iope that he soon would havc the pleasure of proclaiming Ireland s. free republic was expressed to- night by President Eamon de Val- era ln a hushed Dail in the closing debate which followed the enact- ment of a bill runloving tho oath of allegiance to the British Crolvn.

The President added that he was resolved to wipe from the existing constitution “everything inconsis- tent with the sovereign rlghts of the Irish people."

This utterance was the most def- inite of the kind De Valera ever had made.

“We are going to remove from the constitution every badge of in- feriority," the President declared. “The people will be consulted before the republic ls declared.”

Holding aloft a copy of a draft constitution submitted by an Irish delegation to Great Britain in 1922 which was amended by the British, De Valera said they would take from it every clause Great Britain “forced!” them to accept.

DUBLIN, Irish Free State, May 3--(A.P)—The Bill removing the Oath of Allegiance to the King fmm the Free State constitution became law tonight when the Gov- ernor General, Donald Buckley, signed it sftcl- the Dail Elreann had given final approval 76 to 56.

lflfl-IJPERATIUN lPRABTIBAILY A S S ll R E l]

Italy and Argentina Appear Anxious to Prepare Way For W o r l d Economic Conference.

(Canadian Press)

WASHINGTON, lifay Ii-The Roosevelt administration drove on- ward tonight with its efforts to en- list Italy and Argentina in a pro- gramme of lower tariffs and stab» ilized exchanges.

President Roosevelt and his State Department aides sat down with the Italian representative, Guido Jung, at the executive of- fices for a. thorough discussion of world economic conditions and pos- sible remcdics and thc political situation in Europe as well.

MussolinVs spokesman was dis- posed to agree at least ln principle with the contention that definite reductions in trade barriers as well as concrete moves toward sland- ardization of exchanges must be made if the world monetary and economic conference at London June 12 is to inaugurate a new and more prosperous era.

Confirms Rhodes

Statement

(Candalsn Press)

OTTAWA, May 3—Con£lsming the statement of the Minister of Finance, Hon. E. N. Rhodes, to the House of Commons some days ago, the Dominion Government has rc- duced its interest rate on loans to the Provincial administrations by

one-half of one per cent. In an order-fn-council tabled in the House today it is set forth that

TH

Modars. probably

E WEATHER

to to fresh shifting winds, increasing to strong at

night, unsettled and showery.

s PAGES)

Begins Work

LONDON, May 3—(A.P.)— Prime Minister Ramsay MacDon- aid returned to London today “bucked up" by his talks with President Roosevelt, and really to face criticism in the Commons a.- gainst the trade pacts negotiated with Germany, Denmark and A- gentina.

Mr. MacDonald n-celved a double welcome on his return from the United States. There was a crowd on tilc dock at Southampton when the Bercngaria arrived, and the Prime Minister was cheered enthusiastically. I/Ie was cheered s.- gain a few hours later.

“I'm quite clehghted to be back in London and am quite bucked up with the result of the mission," the Prime Minister said.

He reported that in Washington he found a. striking demonstration of co-opcrativc good will to which the problcms facing the world must yield. He denied he had in- vited President Roosevelt to come to London for the World Economic Conference.

“I am very pleased with the whole transactions," Mr. MacDon- ald said. "I met a man who is to be sncerely trusted in gettins things to move in the world, and we found ourselves in most com- plete agreement. We had talks on how to do it of the most friendly kind. The trip came up to expec~ tations." I

When the Prime Minister reach- ed London six members of his Cabins-t were waiting for him at the statou. Earlier in the day the Ministers had been summoned to Downing Street for an unexpfcled session resultlns from “the p"!- sure of domestic business."

Tile purpose of this meeting, it was said in scml political circles, was to consider the revolt against the Government by tariff die- hards who have expressed dissatis- faction with the new trade pacts. Walter Runciman, President of the Board of Trade, has replied to this criticism by saying that if the House does not like the bargains he has made "you must get some- bcdy else to bargain for you."

In the House of Commons to- morrow Mr. MacDonald will make a speech on the subject of ills conversations with Mr. Roosevelt- in Washington.

Wire Briefs

(Canadian Press)

MONTREAL, May ZL-lloturn of traffic earnings of the Can- adian Pacific Railways for the nine day period ended April 30, 1932, was $2,486,000 against S3.- 105,000 for the same period last yearpa decrease of $819,000.

(Canadian Press)

OTTAWA, Msy 2.—'l‘he trade agreement between Argentina and Great Britain was well re- ceived in government circles. The chief commodity affected is chilled meals, in which trade Canada does not participate.

MONTREAL. Ms! 3—(C.P.) -Full subscription of the $2,- 800,000 issue of Province of Nova Scotia 4 l-Z per cent deb- entures is expected soon. it was intimated by syndicate man- agcrs here tonight.

B! Hill Clnldh and l]. S. A. H

Brit. Premier Is Extended Great

Welcome Home Speaks Highly-CI Roosevelt-

Annual Subscription Delivered

Immediately By

Calling A Special Meeting Of The Cabinet.

ilBiEBTS I0

lUUNSBRIPTIUN

PRDPDSM

Callada’s Delegate to The Disarmament Conference T e ll s Delegates Canadian People Would Not Stand For C ollscrip- tion.

(Canadian Press and Aznoziuted Press Cables)

GENEVA, May 3-—Wl1iic the d15-

armamcnt conference again 5P1“

many‘s standing army and substit-

ute a conscript force, Canada/l.

delegate, Dr. W. A. Ridcicll, told the conference that the Canadian peo- ple “would not stand for conscrip- tion." _ The traditions, environment and practice of the Canadian people are opposed to conscription, the Can- adian delegate said. "We could not: if we wished impose conscription on our people. They" would not stand for it."