KOSS. Ae ota »- . trie "Canadian Dally Newspaper’ Publishers. Association | Published ‘by The: Prince: Rupert. Daily: News Limited. os President. . - “a. ‘B, WOODSIDE | oe _ General Manager. bee usually~ falls” Ain‘ dealing ; with, juvenile - offenders. 5 kee this ‘oh’ psychology, there S4s'a chorus of cheers. from, the ‘ringside seats. Psychology. has “system, U.S.. “General Laurence Kuter, on his ‘first visit: to. Ottawa; put “his: foot: in: it). when | - ache ‘said: manned. interceptors. are. needed. and # Canada. ‘ought to provide them. . In: Yeporting © this, Time Magazine - ‘Says: “The needed. plane, ironically, might . well. have been ‘the’ Arr we Just as ironically, Time’ ‘that ‘le to ‘warn | ‘the fund yaisers—Mama y As getting ‘mad, This’ past year.she has been ~ asked to tramp around the neighborhood. to ‘collect money to help research more diseases «than either of us even knew existed, ‘It's getting so the neighbors hate to answer | i the door, And for all the buckets of cash going. * out we personally would Uke to know what “results are being obtained, It would be ex- eellent: public-relations if once in a while we “would receivé’ some word that due to our generosity a big breakthrough. had: been. ob- tained, For example... man, the eminent psychoanalyst, had finally straightened. out the confused flour beetle, thanks to the funds you donated to the Con- fused Flour Beetle Non-Profit, Corporation, But serionsly, Maman says she is not golng _Nictoria Report VICTORIA—~it wis . 0 treat to attend ‘a -press conference: given here by Won,‘Howard Green, Minister lof. Iexternal Af - frivs. Howard Green is one’ of: the finest men in our public life, a gentleman, a student, a- kindly man, whom you can't help respecting, one who does you good just to talk to him, one who makes you realize there are some protty splendid values in life, If only we'll ‘search for them, and, having found them, hang an to them with determination, ‘Green Js 64 now, anything but old- looking, tall, slim—a good, fIne face, a pleasant chuekle, a merry etl}; an artist at turning off reporters’ embarrassing questions, and Jeaving no hard : feelings, + ,. He's a. food politician, loo—victor Jn. seven general elections, no mean record, One admires Ais loyalty, Be has probgbly never done a dirty trick In hia.fe, not knowing, anyway, and Af hoe has he's mightily ashamed: of it, Howard Green wns first olecbed in 1035, ‘when ho hoped his Conservative chief, R. 3B. Bennott would .boe returned as. prime minister, But Bonnett was pitehed out, and tn went Libern!) Mackenzie King, and that put Howard Crean into opposition, Foy 22 long yenra the Conservative flag wan nt half-maat In Ottawa, but Green nover fnl- fared In hija loyalty: to his party, to the sye- cesaion of Jeaders that wihappy party had in those yenra. of. dissouragement, There were times when: he was sure he would nevor live to see another. Conservative government in this country, But he took dofent gracionaly, without . such a meeting. in rove infor mative and. also" have. something more than mere irony: it was: that Francis K, Otto-.' the other day - eplat ce, ee public s should let, — eee Tree | them from. attending It will undoubtedly. Ye five candidates vieing ‘for three coun.» - cil: seats.” men Bellis, . eruceer, : “These men, Alderman Nor- James Prusigy par ae the best. manager and. ‘ther o fore ifthe candidates wish to “break fn . fax oS straight. . Vexelting gare, we look forward to see- ing the n main- n-eventers and also the 3 clect more e lively ‘attain anid i is replete, as - Mayor Lester pointed out yesterday with comedy relief, ‘What. more e could a e the voter ask? Ba - -The Arrow was cancelled eight months ‘ ‘ago. a At that time, we. were. told ‘that manned air- “-eraft:: were obsolete and missiles. were’ taking : . the’ “new: chief : of: ‘North America’s Air Defence = over. Shortly after, we made ‘a: deal. with an ‘American firm to build their ‘fighter - plane. “We also. made an, arrangement with the Am- “ericans to let the USAF use Canadian. _bases— for aircraft. ' _. -Now we have.the man who's directly res- ponsible for joint North American defence say- ing’we need airctaft and Canada ‘should pro- vide them. And now there’s talk of us replac- ing the aging CF-100’s with another. U.S. plane. Please, will somebody tell the. poor public what's going on? .-—-The Vancouver Province. No 5 fun t raising funds © to hustle the neighbors anymore, As Shakes- peare said, “A loan oft loses both itself and friend” and many of Mama's friends are tel- ling her to get lost when she shows up with her never-ending stories of dire’ need. Once -upon a time we lumped our needs” ‘into one super drive called the United Crusade, But a few prominent diseases with prominent ‘high pressure P.R. men decided they could do better doing. their own begeing and they did do so ‘well that a whole hast of diseases foal- lowed their lend and broke away from the Crusade, , We-are just warning the discase merchants: they are about to kill off the goose. Mama ‘js about killed off, and our. nelghborhood is getting to be pretty poor pickin's, -—-Ferndale (Calif.) Farmer, by J. K. Nesbitt bitterness, philisophically, And when victory ‘chime he took It with equal graciousness, with- out blowing or boasting. Howard Green is a typical British Columbla product, born In Knaslo, there brought up, skating and swimming and mountaln-climbing, listening to the stories: of polities his Unelg Bob Green told around the pot- bellled ’ stove in the Green general ‘store at nvillage cross- ronds, Unele Bob was a noted politielan of his -day--o cabinet minister in the McBride Gov- ernment, a Senator of Canada, » Yes, it wos a treat to’ meet Hon, Howard Green, and know for sure that Canadians need never feel ashamed of their top representative jn the most Important dfplomatic counells af the world, ee er This waek the: only ving former premlor . of B.C.—Byron Johnson—marks his 60th birth. - tA Ho was born in Victorian Decomber 10, Ho is slowly recovering from a ‘atroke, but he gets around under careful eye of a devoted wife-—a winter trip to California, puttoring about the garden at his fine watorfront home . hero, Byron Johnson was first elected to our Logla- Inture in 1088, defented In 1087, lo was ra- alected in 1N4h, became Premior late in 1047, Vite usted by W. A, 0, Bonnott's Bocinl Crodit n He gave a great deal of himself. to this province whieh ha loves so well and people ar ml palitient crenda Wish him wall, “know. ‘what: they ‘are’. ‘talking no chology? os find: out why: people behave: as -. they’ do: -It’ also - tries 'to,pre- ~~ dict: “how | they. will, behave: in ‘Darrow Gomez, ‘Michael os future,’ and (sometimes): tres aa Loe, . wasting. our time’ when we, ‘try to. ‘understand _ what makes _ people. £0-: “wrong? 3 ple: £0 wrong, “we: may: be" ‘able - _ ‘to*-stop ‘others following. . the oo. same ‘path;.and-in-the case. of: : “each. .individual,. trate” Magistrate Smith’s’ “He assumes ‘that. “psychology and® ‘punishment ate. two: ‘sep- be be: joined. « and: ‘a. year. in jail“are, psycho- “ ‘fact that: most: ‘jails’ are: schools ‘for’ crime, this’ Ag. doubtful: “He was ud ed as Sa vin “that ‘ ny g Bill | Smith, - " psychology.’ “meaningless “When someone lands. a’ blow tain amount’ of .respohsibillty, to go straight if. he. gets ’a never been::a popular fighter. he audience appears. to, ‘think nt sentence, eae s lerices, ot! @ aS) ect Which’ is. too" “fod of itself. “Let's. throw. out this fancy sychology. stuff: and ‘get back 0 ‘teaching them right,” :and guilty: which ‘are. outside, the individ- ual’s ‘control. : . Oddly: enough, both. factions is “Psy-). . are right. People often’ are: ‘not. about?: In: fact, what, ,, »It,is*a: ‘selende: which: tries to : But they. mustn't’ be allowed to find out, or. they will‘expect to get away with: “anything. of ‘right and. wrong, * - can’t govern itself... Magistrate. Smith may. have _been justified in attacking the to” thange* “theif behavior: * ‘Does’ Magistrate. Smith - -of Vernon : “mean: that, . -wes: “are courts to be too: “soft” ». prisoners, ‘and has not worked, it is bad psychology. : : -But the magistrate isn’ t en-, titled to condemn psychology itself, any more than he js en- titled to condemn medicine. be- If we learn what ‘hakes, peo- ‘the.’ “magis- may ‘be able ‘to’ decide | on’ the most. effective : penalty to’ “make © ‘him repent ani tors are still trying to keep ‘Sirely: ‘that. is the: ‘fault’ in - their patients alive. Psycholeyy ‘argument. arate. things, which: can. never The psychologist - and the “In fact, a blow with’: a ‘paddle attacking the same problems logical: ‘devices. ° : They: ‘have from opposite directions, Psy- power... to’ “change a “ ans . chologists. and judges may be. thinking. ” me mistaken sometimes. But. they. A’ year. in. jail” may: be- ‘the play. ‘on the. other os stern lecture’ anda: Suspended Psychologists, ‘on. the’ ‘other. . hand, think: of human: behav-” Fo and* ‘Bunishin, -theii if ~ tor’ as being:-caused: by various a subtle: forces, at least some: of © | “TIGHT MONEY" _ responsible for .what:: they: do: Unless we Set up a standard . soclety way that psychology has been — " practised. If it Nas caused ‘the |. with: “go -cause some doctors have let - their patients‘ die.. Other, ‘doc-.- judge should. not be. enemies, | but colleagues. They should be. “both have valuable. parts to. S best Way. to discourage, “Jack S soles; & said,’ nodding | his head: ‘towards. it. of Europeans very loudly: ; over-:: ws hammers . chines: F acksack with ‘the same Cork ‘shoes. . Except: for: the sound Qf in- dustry, not. a sound was com- ‘ing from. the four workers in ‘the back: shop. Io remarked on “year ago, ‘when. L took‘: ‘my favorite winter. ankle. ‘boots. in = “to the.’ shoemaker’ for’. chalf he was. looking’ frazzléd. “Just listen: to: them!” “he his. fons shop. in. “the back ‘manager, said the shoemaker, those blather kites “handy. with jlea- : thump. Of: Q the: shoemaker... : 4°. It could be these quiet: fel- “lows are slower than the gabby -- ones. There is a certain gusto min’ gab. that . might impart its whir. of. their. mia “Tuesday,” . maker, handing me ' Last. week. .I went self to the job, ~ NOTICE a res Fire Alarm System The City Fire. ‘Alarm: System will be out of operation between 8 a.m. ‘and 5 p.m..on Thursday, December 10, 1959, in order to: > permit a. 1 change over to the new Fire Hall, io In case of fire phone 10. Ba, “'Signed: pA E, W, BECKER, Fire Chief, LP PBPPBPP PPP N Ten week: next. “Priday,”. » gaia a i ae: seats i tee Fann ese . sNOUISHED 8 9? Yn a 1 S83 ep ; ! meh £5 Ht tec iver ron MO aaa ein WINTER CAWNIVAL eos WHISKY Oy i . ee iias ‘ = at. _ ey Sars Another ndtaple achievement in 1483’ was the creation of the: ‘dlatingulahed Canadian Rye Whisky, Seagram's "83", Generationa of Canadians since 1883 have enjoyed : the diatinctive - This odvertisemant is ae ublihad or - diiplayed by the Uquor Control Board or by the Government of British Columbia, 6 Y : ‘ a } ofigital-f ‘don't: think.’ Not. - only, does it use the same cheap | - stunt, the “majority | ". companies ‘use | Tom Robinson is'‘most likely, “Ideas, but can’t’ even encourage, ‘of large: to get. free. originality. for. our.’ “own, ‘50th “anniversary, Who: cares! what uk Alaska” used to advertise: their a entry,into statehood? I- ‘don’t . fo think ® wevare trying. to do. the “don't Finke of : a. man as partly yi stime thing, are, we? Why not have ‘a contest with: a, little more'scope?. That way, . not: only: “our many vartists”’ wa have | ‘a ehanee, but also ©. : ou 7 UNPRECEDENTED. ‘CREDIT.. “J notice that’ the. prince Ru- “hand, might’ ‘ao. better: it: he: a pert Jubilee committée: is’ very’: were ‘sentenced. to a year in a‘ forest Jabor camp, with. a.cer- - couple’ of: year-old: ‘male: lfons’’ on “‘Tokr ud, : Pr ince Rupert. ‘SHERBROOKE, Que..O. A were. presented to the. ‘Sher-" brooke Zoo asa elft from the Quebec. Zoo. The . ‘animals: -weigh: 150. and 120°. pounds. SITUATION Moneta: ty. Restriction. 1 A Growth R. D: MULHOLLAND, GENERAL MANAGER, REPORTS ge DEMAND, : WITH: ‘LOANS |), AT ALL-TIME:-HIGH; PAID-UP . “CAPITAL” NOW. oy wa LARGEST. OF ALL: CANADIAN: ‘BANKS | has.’been, the’ price of Stemming all-out inflation, according to' Gr ‘Arnold - Hart,” president: of. the. Bank: of. ‘Montreal. “But, Mr. Hart. told: B of. Mi sharéholders at their 142nd an- : nual ‘meeting today, “by putting |: is just-a system for trying. 3: up with ‘the disciplines of mone-. learn what makes people. tick... tary restriction,” Canada: has al-. veady.“Jaid’ a. solid” foundation, for. orderly,.: stable and enduring’ economic: progress.” Shareholders ‘also. heard. Ro D4 Mulholland, the bank’s” ‘general manager, ‘present, a: statement: reflecting. an: unprecedented: de-. mand for. credit. with loans. ris- ing. more. than 25 per cent dur- ing the. year to.an all-time. high of. $1,773 million: while net pro-. | fits, after. income. taxes, amount- ed- to $12:191,060. : Nevertheless, a ‘strong quid ‘nosition was maintained and the | bank’s capital structure was en- larged .so .that’, paid-up. capital of the B-of .M-is now the largest of: any: Canadian bank? “Strong. Healthy. Recovery” Mr. Hart: ‘said the recovery ex- perienced by. the Canadian econ- omy. this’ vear from the recession of 1957-58: has. been. . “strong, healthy: ‘and: ‘on a. broadening base:” The gross national pfeduct ‘| has ‘been rising steadily. he add- ed; and may well avproach -$35. billion’ in. 1959, compared | with $32.5 .billion - last: year. B’of M president recalled that the Bank of: Canada permitted percent, inthe 12 ‘months to October, 1958, action which he believed’ was. taken “with: the. de- liberate’ purpose. of; combatting ‘recessionary influences that were then very apparent.” Another Sharp Turn © ’ Since’ ‘October, 1958, official monetary policy has taken an- other sharp turn and the cen- tral. bank has maintained the money supply ‘‘on a virtual pla- teau” In this period, the rapid recovery of business has . pro- duced very substantial demands for credit from al] types of large and smal] borrowers all across the country, he said. In attempting to mect these widespread credit needs, the banks have lent more and more money, but, the time came when they could grant further credit only by: disposing of government seourites, nt a loss, Mr. Hart sa “ apart ‘entirely from the loss "factor, there comes a time when. the dictates of ordinary prudent banking policy will not permit any further dis-invest- ment in government securities, It clearly follows that when this point is reached a well run bani has no alternative but to make an effort to’ check further sip- nifleant additions to its loan portfolia,”: ) ‘No “Ma ric Wane " Nevertheloss, so far as the B of M Js concerned, “considera~- MONO) tions of profit ‘and loss have heen, ng far as possible, second. ary to a desire to meet the cn- BentinI normal requirements of horrowers both large and small," he suid. But, Mr, Hart naddent that he knew of "no manele wand" that: would enable the hank to meet all the requests mada,’ “howeyar, dosirable and oredit-worthy," Natural aa it may’ bo to lack for senpegonts In the present want money position, the situe ation doog not call for reerlmin- ation, in Mr, Hart's opinion, for to have further Inerensed Cane ada's money aunply recontiy would have led to, “all-out, Infintionnary boom, inatond of tho orderly recovary fit. atablo pricos wo fre exporioneing,”. he cone tinned, “Tn such overt, much more stringent restrictions would have heen necessary at a Inter date, or alternatively, the hoon would have had tacrun tte courko, aulminating. «. In recession: and widoaprand \wnemploymont.” Recalling that thta yenr's In- aronge In bank loana had ti be accomplatied Jargoly by raduclny esaoma of government boncds— agaontially the snme bonds which the banks had .bourght only the|M yonr bofore--Mr, Hart raised the question of “how long a national supply. that hanpenad to he dotarmined by a goyarnment deflalt should be expadtad to auf- Tracing facts Of. ‘Vife. in’ the. Canadian banking’ business,” the. ‘the nation’s’ money supply to in-. ~.| erease some $1,600. million, or..14 PE: ‘Advocates Flexibility © “and: now .that the need. for most useful ., contribution *: that flexible.’ monetary | rapidly as. possible . _towards:-a. balanced budget ‘on. ‘a--cash: basis by “reducing: expenditures,” | " Mr. Hart thought. * one in which. “a solid. foundation for: ‘orderly, stable and: enduring ‘economic progress’” was. laid, and prices.’ ; General ‘Manager's Remarks R. .D. - Mulholland, «general ing .the . bank's »142nd “vannual statement. reported a. “very: sat- isfactory” -year considering .the “restrictive monetary... environ- ment” of the. ‘times, - “ Net profits were increased: 17.7. per cent.:he said, to $12,191,060, -jafter’ ‘setting aside $12,642, 600 for. income. taxes: Of this record. prO~ fit, $10,684,730‘ was provided. for shareholders’ dividends | equival- ent to $1.85 per share... : - Highest, Paid-up Capital Following. ae “rights” offérine of 675,000 new. shares of. capital stock—-which . ‘saw ).99.2. per ‘cent of. the rights being exercised— B of M paid-up capital-stood at $60,649,513. the highest: of: any said. “Completion of. the ‘stock issue will result ‘in paid-uv capital of $60,750,000 and a rest account of $139,850,000, at which time total shar eholders’ funds will be $201,- 672,290, includine undivided pro- fits of $1,072,290, he added. The. bank’s rest account has grown to $139,628,928, including transfer of $2 million from un- divided profits, $3 million from tax-paid reserves and $14,628,928 revelved as premium on stock subscriptions. Leans Up ‘os Per Cent were the highest in the ‘bank's history—up more than 25 per ‘cent over the,-1058 total, with NHA mortgage loans showing the largest increase of all enategor- les—up 32.5 per cent, or $56 mil- lion, to $227 million. Even so, Mr. Mulholland went. on, the bank could not mect all the demands for loans made upon it, although it has been “particularly mindful of the needs of the small businessman and the small personal * bor- rower,” with farm Improvement lonns,, among others, at the highest amount sinee such loans were instituted. To meet the unprecedented demand for credit of all kinds, the bank reduced its investment fico for the noada of a Kitbag} quent business reanvery," vs portfolio 27.0 par cent to $889 million, compared with the pre- |. vious year, with most reductions heing made In Governmant of Canada — securities, — Ineluding treasury bills, Danoslts showed little change at $2,098 million, compared with "$3,038 million a year ago, and the samo was true of total B of M assets, which stood at $3,260 million, versus $3,277 million In 1088, “Quick” nsaots wero roport- ed at $1,678 million, or 81.6 per cont of all liabilities to the pube He, compared with 62.1 ner cent A yony aariler, - Crawth of Rranehos Valuation of B of M pramisoa, after daprociation,: stood nt moro than $47 milion, ngaing than $41 million me ae Mn Mulholland said, an indleation of tha oxtont to which + brane fneilitios have grown and re provod during. the yonr, At Ou. ber.8t, the bank had 810 offices nt home and abroad, than the yonr before, Thoronned Forolgn Thislnans Roporting on operntiona of the new Bank of London and Mon- tronl, jalntly owning by the Vt of M nd Amouae Ke Dae iN ' Ne Ronorn . Aor srt roaul Ree ele ny yory Of buahiess were “antlatine tory and encournalina,” with 20 offieoa now tn onarniion tn Con- th iiioa enter and the West i 40 mor 0. u “Coroner: You". “say a Wwo- man: shot her husband’ "ab’close , ‘range, Did.you. see. “any powder ' : .-marks . on..the: body? Witness: Yes.'As. a: matter of fact, that’s why she shot, him. ee Dut: no: ‘ability, at ‘final zed: pr e- My -° sentation can’: ‘enter: mah atl . Alsoy: how: ‘about. some. ‘con-" _ Solation. prizes.to those. whose ideas will be’ used. I’m.sure a” few $5-. appreciation. - would not. break. ‘the., /eqmmit= “ tee. : tokens 5 “kween ” seats.) 00s ‘ "You ao?” the salesman, ask “yeah, from licking: my. neck when, I’m faking them” to: stock Shows. ” Hehe he A Texas’: ‘vanicher “whol! “haa ‘pureliaséd , a new: Rolls” ‘Royce 2c “prought It: into. the garage | for . ue servicing. moot “How do you like the: cat ‘ salesman asked. “Ite couldn't, be: bette rancher. replied, AT ‘espéelally “partiti it “keeps ‘ ‘the “COws he reiterated: that; in. his opin- ion, “a long step has been taken |. this year in arresting: the tise of a manager of the B of. M, ‘present- : Canadian bank, Mr, Mulholland Total loans of $1,773 milion | ‘EARLY ‘OUT-OF-TOWN - POINTS ‘TO YOUR TOO LATE, CANADA PosT ts of Ite first tull | : OPFICE oes MONTREAL, ‘Dec. 7—Tight.money, with all its ‘attendant ce problems both for. those. seeking and’ those granting: credit, ; vA massive governmental outlays'to{”. 0" ‘combat recession has passed, the |.’ government,. ‘as such, can: ‘make | in hastening. the return ‘of'more |. - conditions |... would: ‘be: to: continue. moving as]. Eventually, he. suggested, ‘Can: oo ada would look back on‘ the pre- sent.-period: of tight: money‘ as | 1S THE LAST DAY To POST YOUR CHRISTMAS MAIL FOR LOCAL ©: DELIVERY.« TO ENSURE OELIVERY OF CHRISTMAS MAIL TO CONSULT THE POST OFKICE LEAFLET, WHICH HAS BEEN . DELIVERED HOME, NOTHING 18 80 PIGAPPOINTING AS CHRISTMAS MAIL THAT ARRIVES % PAG-da Rega 6k beet e ee