1910 — PRINCE RUPERT DAILY NEWS — 1963 An independent newspaper devoted to the upbuilding of Prince Rupert and Northern and Central British Columbia, A member of the Canadian Press — Audit Bureau of Circulation Canadian Daily Newspaper Publishers Association Published by The Prince Rupert Daily News Limited John F. Magor President Authorized as Second Class Mall by the Post. Offiee Department, Ottawa, and for payment of postage in cash, MONDAY, JANUARY 7, 1963 Hats off to postal workers t's all over including the shouting as far as those stalwarts behind the scenes at our post office are concern- cd. But oh, what a madhouse for some two weeks while planes were late ar- viving and literally trainload upon trainload of Christmas parcels and mail swarmed into the local building. ‘Almost everyone will. agree that While each of us at one time or an- other has criticized this public service we do hold some sympathy during these periods when postal workers IT'S YOUR BUSINESS ah we “An shpressive number of changes have been (Uiing nlace at the Bank of Canada over the last vear and a half, under Governor Louis Ras- eRSkKy. ‘They are. for the most part, changes in- toyed tc make it possible for people to know witat the bank is doing and why. “Phe laiest example of this is the appoint- mént of Wilfrid M. Tafts as special assistant to the’overnor of the bank, One of his main jobs will be to keep: the 7ank In close contact with the capital market -~ in other words, the investment communities of Toronto and Montreal. ahs + + + The appointment is a good one. It has been a.common criticism of the bank in the past: that it has not been intouch with the outside world. In fact, the feeling was allowed to grow that it had Httle regard for the feelings or in- “erests of others. It was this clash — worsened by a clash of personelities — that drew the bank into. the public arena just over two years ago, when. its policies and performance were attacked by a yroup of 29 academic economists. This Kind of conflict could only have ac- curred in 2 situation where there was genuine apprehension concerning the bank’s policies and equally genuine ignorance concerning its itentions, ‘An evho of the same kind of: doubt has since recurred in at least one submission to the Royu Commission on Banking and Finance, which suggested that the bank’s role as con- must put up with this tremendous in- flux. And what about those mail car- riers who at times are foreed to trudge through all kinds of weather and over rough terrain to make sure we re- ceive letters from home, business cor- respondence, cards and almost every- thing in the book. To all those, both inside and: out, who experienced this extra work and some public nuisance during this last festive season, we doff our hats in gratitude. The new school By DAVID GRENIER Toronto Telegram News Service troller of the money supply and manager of the puflic debt involved a conflict of interest.) se + + + Il was reinforced by criticism within the investment community not only over the hand- ling of monetary policy but also over specific issues — such as the Conversion Loan of 1958 and the handling of the Unemployment Insur- ance Fund in 1958-59, There was at least as much criticism from hanks and other institutions about the floating rate adopted in 1956. Instead of setting a fixed bank rate, the floating rate was set automa- ticaily each week at one-quarter of one per cent above tne average yield on treasury bills. To many, this seemed a complete abdication of responsibility for control of the money sup- ply. And as Professor Scott Gordon pointed out in The Economists versus the Bank of Canada, iL was tantamount to saying “Don’t blame the bank. We don’t set the rate. Blame the law oi supply wand demand.” This pretentious piece of jargon made it all the morc difficult for the money market to discover. what central bank policy was. In ef- fect, it was like asking the market to decide, not on the basis of a clear signal) but on the: strength of a nod or a.wink. & te . ye ee . Here again, the return to a fixed bank rate has made it possible to clarify the bank’s in- tentions. . It’s a far cry from the school of- thought that: believes that central banking is a mys- tique. The new school clearly prefers central banking without tears. Auto production to be high in 1963 TORONTO ( — The Canadian automobile industry which in 1963 produced more than 910,900 vehicles for the first time, expects to produce at the same high rate in 1963, says a year-end statement by Gordon E. Grundy, president of the Canadian Automobile Cham- ber of Commerce. “We are confident that the industry wil! continue to grow with ever-increasing demand tor motor vehicles at home and abroad.” Mr. Grundy, president of Studebaker of Cunada Litd., commented that Canadian pro- duction of automobiles and trucks, in reaching the reccrd of more than 500,000 units, was about 30 per cert higher than in 1961. Vroducdom of passenger automobiles ac- connted for 425,000 units compared with the previous record of 375,000 cars In 1956. The previous record for combined production of cars aiid trucks was 481,000 units in 1953, in Wishful Secret German state documents captured by The Allies at the end of the war, and published simultaneously in) London, Washington and Puiis, purport to show that King Edward VIII, how Duke of Windsor, favored an allance with Hitler's Germany. They sound like the Kind of thing Hitler's snbordinutes Knew he would like te hear, or the false imagination Germans had about the rolc of the British monarch, The former king In 1086 was in the throes of a netable love affair, probably to the ex- elusion of til ather important matters, but in ny ease he could scarcely be thought to say, as ened, when asked about Baldwin meeting Hitler: "Who js king here? Baldwin or 1? I mycelh wish to talk to Titler and ‘will do so Nereoor ii Germany,” a period when truck production was high, Sales of passenger cars of all makes, includ- ing imports, reached a record of more than 500,000 units in 1962, while truck sales exceeded 830,000 units. This combined sales total of about 585,000 compares with 511,000 in 1961, and the previous record of 523,000 in 1960. The automobile vehicle manufacturing in- dustry now has an average monthly payroll of $15,000,000, Mr, Grundy said. Vehicles of Canadian or U.S. manufacture account for about 87. per cent of new vehicle Sales in 3962, compared with 77. per cent in 1961, . In Canada now there are an estimated 5,- 788,000 inolor vehicles, Mr, Grundy sald, of. which 4,540,000 are passenger. cars dnd 1,106,000. trucks. ‘This means one vehicle for every 3.2. persons ond one passenger car for every 4.1 persons, hi ki thinking. He never did, a fact sufficient to dispose of. this supposed quotation. And the king well. anew that while British monarchs reign the power of rule rests in the hands of British prime muanisters, Similirly the memorandum stating that Ed- ward intended to concentrate the business of Bovernment upon himself, defeats its veracity. Fven a headstrong king could not indulge in such foolishness, These purported revelations have all the enr- marks Of the wishful thinking that induced Rudolph fess to fly alone to Britain to see the Mike of VWamilton, He imagined that dukes ran Britin and he could persuade this one to his eCoiise, , Tn the result he was, promptly handed ‘over lo the pole, — The Vietoria Colonist ~ sa " * nek BS ry mre “STOP...YOU Election t By LUBOR J. ZINK’ OTTAWA (TNS) — A spring election, or an autumn elec- tion? Will the election pro- vide a springboard for the Government’s recapture of a solid. mandate or for a fall into oblivion? Crystal. gazing is of course a hazardous business, especial- ly in poHtics. It is, however, pretty safe to predict that 1963 will again be an election year in Canada. Checkmated as it is by a truculent Parliament, the mi- nority Government simply cannot carry on much longer. Nor can the tackling of press- ing political and. economic problems be postponed indef- initely. Since: the leadership of the ' aye rey: aeocngygans Ag CAREERS corm { " Sg itl TH : we ED att it ey wh ae we he yy - : LAYER ROUT Of oa HN Nahe ' . | é { at } ' oo “ae ie , ' « / A i ON EOHINTE PEOCY | Hles vate: SKATES PARADISE — One of the advantag 4s of metropolitan Toronto's recent cold spell pws the feet that dt turned a mile-long section of Toronto vownship's Crect river into a skretanye: vrink, ‘The township's parks and recreation department keeps the jee elewred and Noaoded, and supervises (he akatiyy, a 4 A Look Back at Rupert (50 Years Ago) Jan. 7,.19138—Prince Rupert brought in experts at a big expense to give advice on the mammoth hydro-electric un- dertaking. The scheme was ap- proved by the electors yet New- ton’s so-called cheap engineer- ing department in carrying out the work. altered the plans without referring the proposed changes to the exverts. (40 Years Ago) Jan. 7, 1923—Robert W. Cam- eron today announced that he would. be a candidate for the police commission at the forth- coming civic election. (30 Years. Ago) Jan. 7, 1983 — The Grotto Senior League basketball team will leave the city Monday for a two week trip north in the course of which games will be played at Port Simpson, Anyox, Ketchikan and New Metla- katla, Alaska. The team con- sists of Jimmy Ross, coach and manager; Ernie Ratchford, captain; Doug Stalker, Jimmy Currie, Roy Morrison, Bert Unger and Bronson Hunt. (20 Years Ago) Jan. 7, 1943—A local “Aid to Russia” committee is being organized with Mayor W. M. Watts as honorary chairman, Rev. A .I*. MacSween as chair- man, G. R. 8. Blackaby treas- urer, A. meeting to organize the local effort is to be held in the City Council chamber next Tuesday, (10 Years Ago) Jan. 7, 1953 — One of the preatest verbal protests ever expounded in Prince Rupert is being waged today against inercased assessments on pro- perty in downtown aren, = > ~ et eeme ate me se bee emrmegnenernen se ee yee cena QUIZ HALL Rach vorveet answer counts 10 points, Seore yoursell two major parties will obvi- ously remain unchanged, there is a good chance that issues rather than personalities may play the decisive role in the election. Question is, of course, whether the same people who exasperated the clectorate by trivialities in the last contest are capable of doing any bet- ter this time. Their perform- ance in the do-nothing 25th Parliament is rather unprom- ising. So far both Conservatives and Liberals have managed to avoid formulating policies. On the major problems, namely defense, foreign trade, Euro- pean unification process and generally our adjustment to a changing world, their only “policy” is not to have a policy. Fortunately, however, there are signs that the public may not be willing to go along with another leg-pulling election campaign. Many people are sick and tired of being treated like children before Christmas. After the devaluation of the dollar, the austerity program and the Cuban crisis, they know that something must have gone wrong with the con- duct of our national affairs. In. the: next election: campaign they, may insist on. hearing from the politicians what.the trouble really is, There won’t be much willingness to swal- low the old bromide that all is well, One indication of a sharp- ening awareness of long-ne- elected issues is the debate on nuclear warheads which has now assumed national proportions. This healthy at- tack on the conspiracy of Silence at the top may force our politicians to come _ to grips with their fear to take a stand on anything they regard as politically sensitive. There are hints on The Hill that the Liberals are almost ready to make a statement on defense policy. It would be rather sur- prising if the Conservatives did not make at attempt to beat them to the draw. Should this happen, the same method pressure could be used for forcing decisions on all the other burning problems, Used to mirroring public apathy, our politicians must be made conscious of the unmistakably changing mood of the coun- try. And Jf the habitual dodgers of controversial issues still re- fuse to honor their obliga- tion of leadership, they must be at least made to trail the emerging major currents of then puble opinion, before being as follows: 100 genius; 80 to 90 superior: 70 to 80 excellent: fd to Tu good: 50 to GO averages 40 to 50 fair, FOR MEN: — 1, Bernard M. Baruch is Identified with: Fifth Avonne -- Walt Street — Broadway — Madison Avenue 2; Three: of. hese are ranks in the Cub Seouts: ‘Wolt'— Benny —-Tenderfaotl— Lion 3%. Pirst to bat Ino a baseball game ds the visiting team, True or False 4, Of which cify did P. 'T. Barnum, famous showman, serve as mayor? Omaha, Nebrasdar — Bridgeport, Conneetleut — Read- tng. Pennsylvania — Manon, Georgia FOR WOMEN: — §, Whieh member of Jalrus' dead by Jesus? family was raised from the Wife — Brother — Dnuughter — Mother 6. The export of whieh [ower is'a good souree of income for the Bernridne Islands? Rose ~~ Tulips. = Faster Lily — Gardenia 7, Beat Stropnvolf is one of the faveryite foods of: Seeretary of State Rusk —- Vioe-President Johnson —~ Postinaster General Day — President Jolin F, Kennedy 8 The banana plant is chiasified as a tree and not a herb. Trae or Valke KOR VOUNG PROPLE: — f, What is the state bird off Aluska? Willow pturmigan -~ Brown ellen — Moeklnghird — Ruled grouse 10. Whit nationality was Balboa, the discoverer of the Pacifle Ocann? Hntlin -- Freneh — Spanlah — English ¢ ANSWEMAK; -- 1, Wall, treet; 2, Wall, Bea, and Lion; 3, Trues 4. Bridge. port, Connuetlonts &, Daughters @& Waster Wy: 7%. President Jo#n BM, Kennedy; 8 Valse — Tt fs termed a herbs 0. Willow ptarnt- many 10. Apanish, Witte ae ey | s " AC SER ail MADE YOUR POINT!” « of public " alk is in the air replaced by more able men. As I see it, there is little hope of a real improvement in the management of the na- tion’s business until (he pussy- footing old Tory and = Grit guard is sent to write mem- oirs, It will take two elections to do it, but preparations for the big swith’: ean and should be made i. 1973. This essent ! do nestic task is bound t. |-> tacilitated by several of the foreseeable moves on the international chessboard: NATO's decision on a4 collective nuclear deter- rent: Britain’s decision on Common Market; U.S. pressure for closer politico ~ economic co-operation within the Atlan- tic area; Soviet switch of em- phasis from military to eco- nomic and “peaceful coexist- ence’’ harassment of the free world. All these anticipated devel- opments will have a direct and profound impact on Canada. If, as is more than likely, our next government will show similar reluctance or inability. as the present one to keep Canada in step with the changing world. pressures for new leadership in both our major parties wil) become ir- reSistible. quote, unquote Wall Street Journal: “Divorced Men's Club Inc. is formed in Beverly Hills to ‘help each other avoid future trouble and traumas’.” bb London Sunday Telegraph: “Behind each seat in the new Guards Chapel at Wel- lington Barracks there is to be a rack for a rolled wmbrel- la.” @ coy “4 i, = ee ee I a ae v De eee Lt ey | } | GORPORATION LoL PROFITS | of J | | (Before Taxes) 1959 | 1962 AT HIGH LEVEL — Corpora- tion profits in Canada reached $3,870,000,000 in mid-1962 after a strong upswing from early in 1961. Graph shows variation in profits, on a quarterily ba- sis and seasonally adjusted at annual rates, for the last sev- en years. Totals are. before taxes and include dividends paid to non-residents. 11956 gems of thought Think naught 4. trifle, though it small uppear; small sands the mountain, moments make the year. Edward Young. bt Fh Everything thaat can be. is bound to come into being. and what never comes into being ts nothing.—Amicel. ft & ys The truest end of life is to know the life that never ends. ~-William Penn. te ef He who stops being better stops being good. —Oliver Cromwell. a You exist but as a part in- herent in a preater whole. —Marcus Aurelius. ry ‘ ed hdieel wetuars nn ie rpg eR ay ‘ tole Pyle é roy, ba vet PN A en Pata! ThePACKSACK} By Gregory Clark - A doctor friend of mine who has not much chance to watch TV or Hsten to radio feels he has a better insight into these industries than. those of us who are saturated (tee by them. And it is his opin-. |. ion that commer- clals are gettting Steadily worse, these past’ few months, for a very good reason. “The advertising experts,” he says, “who are respons ible for the con- ception and presentation commercials, have discovered that it is the worst commer-.” * clals that are the most talked about. Therefore, they are 41} vying with one another to see who Gan create the worst. .-: “Formerly, they spent 2 goad deal of time and brain tissue: - trying to invent the best. com-. mercial, But to their astonish su. ment, they discovered that ‘it - was not the best, but the most... offensive commercials that everyone talked about. It wag . Barnum, or somebody with his insight into human nature, what people said of him, SQ. long as they mentioned him, The Barnum Prineiple is now being observed by the ‘TV ad-, , vertising showmen.”’ This speculation will be in teresting to keep in mind dur- ing the coming months, the lighter side: Most of life's problems aren § really like those cloverleaf eX- changes we find on our high-) 7 ways: it may not seem like it-ate—s first, but there is a way out. Ft kB Middle-age: When you no longer need a pillow to play Santa Claus. a ” A bore is @ person who tatks when you want to. bf ; When Christmas is over, Santa Claus gets the credit, but Pop better have the cash. ek tb Tt’s no wonder that women live longer than men... just look how long they were girls! be ode of . Never trust a man who says he’s the boss in his home, Hell lie about other things, too. Ye ote of There are only two kinds of parking: illegal and no. bb You can’t kiss a virl unex- pectedly. The nearest. you can come to it is to kiss her sooner than expected! be bb yy - With the easing of the Cu- ban crisis, most Americans promptly resumed their accus- tomed apathy concerning fall- out shelters. ~ EDITOR'S NOTE—Stened artietes and editorials credited to offer newsphpers doa net necessarily “ree Mect the views of ‘The tilly Neyyn. | | ! | | 7 ve ‘ , , 4 b aisierd oor panei STIL WETHOUR WATHHKADS -- This Bomare missile riios into firing position on ity Iau. ching pad at North Bay, Ont, butt stu hae no warhnnad, Urey and Lo Maca‘, Que. can be nrmed only w erninent bos made no definite decialon on wer RCATE necopted two nuclear-cnrrylyge areraft, The Bomares —- 60-of them at North. It nvoleer warheads, Tha Crunadhin ove Wirhoge such warheads though curt 1062 the ol, tae who said that he did not care. uv, tae. oe wagon eek ot Na vat oe, * « ® « a * a a ™ e a ne a « “ e w a * e a o a ® ° s e . a 3 « * ® ¥ r « ~ * a co =” a . a - Seeueonetrrine ree rg azar ecereseces mac tt Pte are ge, ~Sebre cana BStenceotPaeueewpevaescre ss TRSCSEtC~ aA BST eFC SEsCAe Sue EiC“E