.5.

L ‘Ad;

us.‘

_we had lost in this period $284.5 million more

\ TH 12' G u A 115.61‘

Morning Daily iFounded In 1887), Authorized no Second Class lllail, Post Office

PAGE Form

z_ ._. __

Department. Ottawa. President, Ian .\. Burnett; Vice-President. “In It Burnett; t-‘v .-'1‘rc'.ss., (l. M. Burnett; Editor and

Managing Director, J. n, Burnett;

Associate Editor Frank Walker. .

“The Strongest Memory is Weaker Than the Weakest lnk."

(‘HARLO'I"I'ET1)\\'.\'. FRIDA 1', DECEMBER 2G, 194T

Dollar Crisis mliigures

For tire first time the Canadian Govern- ment has mode available exact information showing the rate at which our supply of U. S. dollars is being exhausted. Until now the of- ficial iiflllfifllfll information has been incom pletc. In the past few days, however, Mr. Abbott has given llllS information lo Parliament at the request of Mr. Bracken. The Canadian dollar position c..n now be studied month by month as from December 1945.

Their: obviously was no serious problem up to December i946. The supply of U. S. dollars fluctuated, sometimes showing a slight rise, but in general tending to decline, though hardly at a critical we. from December 1945 to Decem- ber i946 official holdings fell from $1503 mil- lion to 51244.9 million or a decline of $263.1 million.

However, in the next four months trouble developed very rapidly. From January 1, I947, to Airil 30 official holdings slumped from $1244.‘) million to $700.3 million or a decline of $544.6 million. That is, the decline in these four months was mcre than double the decline for the entire twelve months of 1946. lt was in April, 1947, that the government began its intensive preparations for a programme to cope with the growing crisis.

Except for May and August official hold- ings declined each month. lt was this steady wastage that formed the most alarming element in the prcblcm.

From January i to November 30 our dollar supply had fallen from $12449 million to $480.2 million for a decline of $764.7 million. That is,

in U. S. currency or gold than Canada actually had on hand at the and of November. The dol- lar crisis had really burst upon Canada

Tho-Freight Rates Base

The long-clrawn-out hearing of the freight rates case by the Board of Transport Commis- sioners is reaching an end. ln seeking a 30 per cent increase, the C. N. R. and C. P. R. wish to obtain an additional ‘$87,000,000 a year in freight rates and they have sought to justify these higher charges by claiming that the roil- ways are in urgent need of revenues. Against this claim Colonel Ralston, for the Provinces, has cited the following facts:

Only the C. P. R's financial position should be considered, for it has been established that the C. N. R. is not a factor in rate-making.

From 1940 to 1946 the C. P. R. spent $153,- 869,000 on depreciation and deferred mainten- once. In view of this large sum, Colonel Ralston contends that the C. P. R. probably does not need to spend the amounts it has forecast as essen- tial in coming years.

In recrrit years the C. P. R. has improved its profit and loss balance by nearly $128,000,- 000, lt paid $100,000,000 in income tax and $81,000,000 in dividends. lt reduced its funded debt by $144,845,000. lt still has $25,200,000 put away for deferred maintenance, not one per cent of which has been spent. The railway esti- mated thet its gross earnings for 1947 would be $285,440,000. Colonel Ralston said that the re- sults to October 3i show that it is reasonably certain that this estimate is too low by at least $25,000,000 or $30,000,000.

On the expenditure side, for 1947 the C. P. R. proposed to spend $115,000,000 on mainten- ance of way and structures and maintenance of equipment. This combined amount for main- tenancc, including depreciation, represents 40.4 per cent of lhc estimated gross revenues of the cgmpuny, or 3 per cent higher than the largest percentage spent for maintenance purposes in any of the war years.

lVlr. Gardner's Statement

Agriculture Minister James Gardiner's blunt words in the House about cereal-grow- ing and meat-producing countries, such as Aus- tralia and Argentina, charging the U.K. and other needy nations three and four times as much for foodstuffs as they were charging their own people, and, in effect, taxing outside nations, in- cluding the U. K., to maintain their social serv- ices, will probably be o hot battleground when the legislators meet again late in January, writes Mr. F. C. Mears in The Gazette. Opposition Leader Jchn Bracken assailed the food pacts with the U.K. on the ground that instead of their assuring stability for Canadian farm mar- kets there was up to date only instability, on'e reason being that Britain was unable to pay ail cash for its imports, and he quarrelled with the Government for ensuring a much lesser mono- tory return to Canadian farmers than was be- ing enioyed by producers of the U. 5., Argen- tina and Australia. It is certain the C. C. F. members will take up arms in the new year and boldly defend this particular form of taxation of needy nations to maintain Socialist programs across the Pacific

Tflltihit- Moss

Canada, according to the Assistant Develop- ment Commissioner of the Canadian Pacific Railway, became during the war owing to the failure of European supply, an important pro- ducer of peat moss. For this product, lie states, there is a large domestic and United States market. The development of this industry in

gases, does not support vermin

moisture, prevents the growth of

largely used as litter for poultry.

is put. i

The day

COST.

after

a a oi a

The Provincial

attune.

n \- w w

purpose even if motorists act as ate. Many such a sign has given

w l‘ vi x

the years 1939-1945. spread it over a longer period. i i iv ii

Tomorrow's issue will feature

ward to and appreciated by all King of Sports.

vi w

Festival of St. Stephen, the martyr. He was accused by the phemy and storied to death.

the Gentile as well as to the Jew- a vivid impression on his mind. I

n vi

quality, although it is likely to be

3,000,000 American dollars, M. E. uty minister of agriculture for

ference held at Ottawa recently.

year, and last summer involved 1 I I i I

ferries, bridges), communication, phone, telegraph, newspaperiii science, art, business,

up grade, even education in

schools.

owns

were to spend overseas. Britain only a week before.

at sea in troop transports. .

SOUS.

tulions of the 2nd Division. . . .

for the people of Canada. Two

feel the effects of war. men were overseas and hundreds

with pride upon‘ some of their

mas and Ortona are synonymous .

and Northwest Europe. realized a long-standing

enemy on German soil.

mas overseas. They were right.

year and some did not get home

Nova Scotto, which is said to possess 240 square

I916.

miles of peat bogs, is strongly advocated. Peat has other uses than as a fuel. moss is a good heat insulator, absorbs liquids and

deodorant; it makes a filler for commercial fer- tilizers, helps to condition soil, since it retains

duces stronger plants. Used as litter for cattle it retains valuable fertilizer ingredients.

properties make it valuable in the building trade and there are other u_ses to which the material

- EDITORIAL NOTES -

Christmas-counting the

The footpaths and pavements treacherous than ever. Let us beware. . .- .

Civil Servants are to placed mcrc or less in line with their Federal brethren in the way of bonuses, etc.

' v. w x x

Farmers, merchants, and wage-earners alike record on the whole a very happy Christmas, and look forward to a prosperous new year with hearts

Charlottetown stop signs serve a

a driver who either did not read or comprehend.

Inflation all over the world will not be cured until production for use catches up with wages and profits paid for production for war during Controls delayed the ef- fect of that surplus of purchasing power

view for the year by Col. D. A. MacKinnon, D. S. 0., etc. The Colonel is admittedly the best in- formed writer on horses and racing in times, and his review is always keenly looked for-

His defence be- fore the Sanhedrin is given a prominent place‘ in the Acts of the Apostles, and contains tho first statement of the universality of the Gospel to

witnessed by Saul of Tarsus, and the scene mflde

Britain's beer must take another cut with the year's end—this time in quantity rather than

as here. The Brewers’ Association announced that reduction of sugar allocations would mean a curtailment in beer output equivalent to nine pint; out of every i44-pint barrel. On previous reductions of itlglétllcfllS,‘ the industry turned Out weaker beer to help mollllfllf WPPII"

Saskatchewan combine crews working in the United States lost harvest season earned over

said at the Dominion-Provincial farm labor con-

movement of farm labor during thepast sum- mer, Mr. Haitnett said this exodus is the first large migration of labor to take PIG" ""1

The Island is gradually becoming more civ- ilized as the term is understood among sociolo- gists. Our means of transportation, (highways,

inventions (in agriculture), _ (proportion of population living in cities) and in intelligence (including education) 0P6 fill °" ll"

Eight years ago, on Christmas l7lflf 1939i more than 7,500 members of Canadas Armed Forces were welcomed into almost as many Eng- lish homes for the first of many Cllflflmflfl?! 15ft They had arrived in That year, too, Christmas was celebrated by thouéilrpiistgzsftlogza was an important one for Canadian troops over- On that clay the first Canadian Corps came into being under command of _ McNaughton. That Christmas Day also mark- ed the arrival overseas of the last infantry bot-

l94l was one of the darkest of World War ll

talions fighting in Hong Kong surrendered after a rillcint fight against hopeless odds. a l Caristmas 1942, Canada was really beginning to Thousands of young

at Dieppe were still in British hospitals or lon- guishing in German prisoner‘ of war comps. Lit- tle that was comforting was known of tho men who had fallen or been token at Hong Kong. . .

lly Christmas 1943, Allied troops could look back

The conquest of North Africa had been com- pleted; Sicily was behind them, and they were slugging their way up through Italy. adians who fought in Italy that winter, Christ-

1944 saw Canadian troops fighting in both Italy In Europe, Canadians

ambition Christmas they finally came to grips with the Many then firmly be- lieved that they would not spend another Christ-

1945, tlie war was over and Canada's repatria- tion schemo was functioning smoothly. ever, not cll troops got home for Christmas that

The

and acts as a

Something called the F t‘ Foundation recommends that men carry “pocket books like women's" instead of using their pockets for “odds and ends." It wouldn't work. The methodical man. with twelve to fifteen packets at. his disposal,

weeds and pro-

It is Its insulating

has a place for everything and everything 1n its place. But: clump into is purse such items as plpe, wbwco. pouch. Clhrettes, money, Den-knife. keys, wallet; handker- Chief. old letters, pencils and pen, 1118161195. and the poor fellow would be reduced to hopeless confusion. —Ot‘taiva Journal.

If we full to tell other nations about ourselves, 1t Is no wander that many persons llvlug 1n the United Statesf our closest. nelgli- bors_ believe that. we pay taxes be to Britain, or believe \\'C take or- d9" 11'0"! 141° Boveruor 0r believe that the Dominion ls covered with snow and lee the year around, ca. 113GB. has assurnied a new import,- imce in world affairs, and it's time we bold other xiatlons about our- selves. We need to expand our 1n- formatlon service. We should have at least one representative 1n ev- ery American state to inform Am- ericans about. the Dominion. -Es-

OIC IIIOIO

useful sex County Reporter. though illiter- _ its u“ m stop hows of the shipment of two alg-

nlflcant eargpes comes from Syd. ney, observes The Halifax Chron- icle. The first 1s a MOO-ton load- ing of Cape Breton coal to Argen- tina, the first; such shipment to be made from Nova Scotla. The other cargo of note is carried on the Doseo vessel Wabauo. It. 1s one

and of iron ore, and it. ls going to Birk-

enhead, England. It ls a. sud sign

of the times that England ls ln

the position of having to import

our 5P0" re. iron ore when she has such excel-

lent domestic sup-plies of the metal. Seeing. however, that such ore must be imported, it. is something that it came from this side of the Atlantic, instead of from Sweden or some other European field.

the Mari-

love rs of the

It was submitted at. the milk price hearing 1n Edmonton recent- ly that one dairy farmer consider- ed he was paid s1.a2o for 3.120 hours’ work during t/lie year. This ls at the rate of just. over 42 cents an hour. observes The Lietnbrldge Herald. 1f this 1s a true picture of the wages gained by dairy-lag, lt. ls little wonder that there 1s trouble over the price of milk. It. Ls true that a great proportion of the dairy products 1n this country are pro- duced by the labor of women and children on the farms, and it ls not very well paid labor at that. This is n fact. which should be kept. 1n mind as we ponder ways and means of keeping dairy pro- duction up to the country's re- qulrements.

first Christian Jews of blas-

His death was

watered down

‘Vho made the atom bomb? Why, Americans, of course—or clld they"? Naturally, they had n little help from physical scientists from other countries-tout how much help? Dr. Karl T- Qflfllpton has polnted out something every American needs to realize. Out of a rough dozen of the fundamental ideals used 1n the field of atomic power. some nine or ten came from Europe, Includ- ing the original discoveries of radlo- activity und nuclear fission. The United States t. ssesses to o. sup- erlatlve degree the ability to make useful application of new ideas, but most. of these basic ideas have orlg. inated elsewhere. - Christian Sel- once Monitor.

Hartnett, dep- Saskatchewan,

Discussing the

,950 workers.

Violin making may, 1n time, be. come u lost art. ‘This has been en- tirely n. European enterprise, re- marks The Cleveland Plain Deal- er. In big shops young men spent long periods of apprenticeship, per- forming first the most. simple op- erations and working by stage; m. to the manifold and delicate skills P11111- wfifilher complete the vlolln. Similar establishments never took root. 1n America. Labor could com- mand much higher returns both tn industry and 1n agriculture. World War II then virtually put. the Eur- opean vlolln shops out, or busmeu Young men were called to the ranks. The stocks at wood so care. fully gathered and so patiently aged were lost. While the machlne may not be able to rlval the outlaws Skill. it. cannot preserve the art. of Stradivarius.

(radio, tele-

urbonity,

the one-room

Wartime savings advised n a re- serve for emergencies uro being "i"! "P 111F861)’, not. as intended, but. to meet; the problem of mg shrinking purchasing dollar, 1t, 15 pointed out that. Canadian spend- ing for current needs ls already u-ii t4 In Ivonne or n: cents out. of every dollar of income which means that some people are spend- ing beyond their income and dlp- ping lnto savings to meet current needs. A fairly reliable indication that. savings have disappeared in mimy eases Ls contained ln the es- timate that by the year's end in. sbnlment buying wlll have luereas. ed by 70 m 80 percent over lost year. It ls not an encouraging trend and Ottawa has made things worse b? slapping an excise tux on u numiber or household appliances and other articles that. are really essential. not because 1t needs the money, but. simply as u part, o! its austerity program. - Kitchener Record.

General

Christmas Day Canadian bot-

.By

who had been

achievements.

For Can- -- Capitol Investment 1n Cunulluu farms ln 1946 amounted to $5.922,- 347.000. more than 36 percent above the figure recorded by the 1041 census according to the Quarter- ly Bulletin of Agrtcultunl smu- tics for April-June, 1947. The 1n- vestment. includes laud and bulld- lngs. implements and machinery- fncludlnl motor trucks and auto- mobiles -and livestock, including poulLry and unlmols on fur far-rim. The estimated value of tum capl- tnl ln 1046 vvu almost seven pet- eent higher than the value for 194.1. but twirl!’ 78 percent of it

. . Christmas

when at

Iy Christmas

How-

for Christmas

was GUARDIAN.

PUBLIC FORUM

This column to open la the discussion by corro- lpundento of quoltlonu at Interest. The Charlottetown Guardian does not ueuQr sly f the oblulou of correspondent!- IHVHHIVIIHQIJ C.C.F. GAINS?

Sir, - It was rather amusing to liear and rend of the expressions of 0.0.1“. leaders as to the encour- agement which the results of the

a first glance one might think that. there was some grounds for 0.0.1". rejoicing because the total 0.0.1". vote 1n the 1947 elections was about. 3.409 as against the 1943 total of 1446 or an increase in that total of over 136%.

Of course. llie above figure ls misleading and an analysis of the results gives a much less iosey picture to 0.0.1", followers. In the 1943 elections the C.0.F.. Party placed candidates in the following districts: 3rd Prince, 4th Prince. 2nd Queens. 5th Queens (Ch'town and Royalty) and for Assembly- man in 3rd Kings. The total given for those contests was 26.654 of which number 1.446 or 5,4422, went to the 0.0.1“. candidates. In the 1947 elections the C.C F. Patty placed candidates in 8 0f the l5 districts and in these the total vote was 58.403 of which 3.409 or 6.37% went to the C.C.F. candid- ates. It will be seen. therefore,

for the 0.0.1“. party was only dc- clmal 9a or less than one per cent. Even the above small percent- age of increase does not give the exar-Ppleture, The true picture can be the better arrived at by a. com- parison of the results in the dis- tricts which were contested by the 0.01‘. Party in both elections. That party did not nominate any candidates 1n 3rd Kings 1n 1947. Therefore, let us examine the fig- ures 1n 3rd Prince, 4th Prince, 2nd Queens and Charlottetown and Royalty. The total vote in the four districts 1n 1943 was 25,004 of which number 1.378 or 5.51% went to the 0.0.1“. Party. The some districts ln 19417 hail a total vote of 19,600 of which 1.692 or 5.71% went to the 0.0.1“. party. It wlll be seen that the percentage of increase for the 0.0.1". party 1n those dis- tricts was only decimal 2 or one- fifth of one per cent. In 3rd Prince, the onl district In the list which has any real 0.0.1“ following. the increase was only from 14.80% to 14.87%. virhlle the percentage 1n the Charlottetown district dropped from 4.10% to 2.36% of the vote cast. With the C.C.F,. party only ln- creasing 11s percentage of the vote at the rote u,f abOut one fifth of one per cent in every four years it ls quite evident that the Party cannot expect to form a govern- ment within the lifetime of any one now living. Therefore, pres- ent driy 0.0.1". members would do well to take kindly to the sugges- tion of Premier Jones that they should join their forces with one or other of the Old Parties and make their ideas and influence felt from within. I om, slr. etc,

STUDENT Charlottetown, Dec. 22. 1947. .'

recent elections gave to them. At .

that the net percentage of gain ‘A

"’_" Q

7

waved

0F T!!! SEA. WHAT NEW? Wliut remains to tell Of the sea? What. fresh what more.

pies and crinlcles At earth's every shore. In folds of fluld plluncy?

Of this antique blue.

robe, Endlessly tottering u to shreds. And endlessly gathering up the threads- Flngering and shuttling tirelessly Perhaps it scribbles on the 88nd with restless hand Strange tales that none may rend. Save those who know the langl-IBS? of the mOon. 1t scrawls in viraverlnx line! l hurried screed. Them-sweeps 1t all away- And strives once more To write its haunting thoughts Upon the shore. What may be said of the 80B That ls new, Utterly fantastic. Possibly true? LDoIorcs Cairns, Christian Science Monitor.