THE DAILY NEWS ' THE DAILY NEWS THE LEADING NEWSPAPER IN NORTHERN BRITISH COLUMBIA Published Daily and Weekly Guaranteed Largest Circulation HEAD OFFICE Daily News Building, 3rd Ave, Prince Rupert, B.C. TRANSIENT DISPLAY ADVERTISING-—50 cents per inch? Contract | rates on application. FINANCE AFTER THE WAR } and demand operates There is’ much conflicting} elsewhere. Low money rates opinion as to what will be tie prevail, simply becaus¥ the de-| course of interest rates after mand for the 1 f capital de-| the wat The more popular | creases more than does the} view is that because of the vast supply War impoverishes the | destruction of wealth, luwwe!| people, and so lowers their | government borrowings, and| purchasing power, and _ per the demands for reconstructivn | capita consumption. War in-|} after the war, capital will be duces the sharpest of econom- scarce, and interest rates high. | ies, and so further cuts down As a superficial view, this individual consumption theory seems quite plausible,| goods and commodities. Habits | but Mr. Mark Wells, of A. H.} Martens & Toronte, thinks that a close examination of economy engendered by Company, sumption of commot after the decreased of the hard facts of experieuce war ctoses. seems inevitably to lead to just means activities by the opposite conclusion. producers, manufacturers, and “For example,” he writes merchants, not only in war The Monetary Times, ‘after striken countries, but in every the close of the most destrue-| country in the world which tive series of wars which ended} sells to the war impoverished with Waterloo, money became} people. This decrease easy. 3 per cent ; British to 90 in the decade from to 1824, The price of 60} the demand for capital, thus ‘interest rates fall. “The action from 1815 investment consols rose while their yield declined from 5 per cent. in after-war periods is similar ‘to jess than 3 1.3 per cent.; to its action in after-panie per- During that period, Great Brit- iods. In good times, the man- ain refunded large portions of} ufacturer is a borrower be- its debt at reduced rates of in- cause he finds it profitable to terest. | increase his productive capac- “It is estimated that’ the; ity on borrowed capital. The Franco-Prussian war, though | merchant borrows in order to short, destroyed over $4,000,- carry a larger stock of goods 000,000 of wealth. The Bank to meet increasing demands. of England rate, which stood The transportation companys at 4.10 per cent. in 1872, drop- borrows to build new lines, and ped to 2.61 per cent in 1876. vy ships, and for betterments After the American Civil Wat and improvements, in order to in which over 8$5,000,000,000 accommodate the larger vol- was destroyed, the rate ranged | ume of traffic. Increased de- at low figures, being down to| mands on every hand further 2.10 per cent. in 1868. In fact, | aggravate the situation by in- war's aftermath g commodity no | creasil prices, the | “The ' | mind as the inevitable! j pl esents paradox so surprising to destruction = of popular decline in interest rates, and} people, and the inevitable stag- the excess in supply of money | nation in trade and commerce over demand. afterwards, brings the reverse The reasons for this phe- easy money, lower interest nomenon, though deep and rates, and falling commodity lerlying, are easily understood I I the seven years rh ( ble | f suy ie Franco-Prussian war, = = — aii Before the ‘*Stroll’’ 2 int Gives the best shine Does it easiest The F, F, Dall l Buffalo &. Y. oC oT: ry POLISHES /’ = = = == FRED STORK’S HARDWARE =< anes ar. == 710 SECOND AVE ALL DEALERS Lele . Carpenters’ Toojs Sullders’ Hardware Wire Cable Stee! Biocks Fishing Tackle Iron Pipe Pipe Fittings Rifles and Shotguns Rope Valves Ammunition Pumps Hose Paint } Stoves and Ranges Rubberoid Roofing Corrugated Iron “WE SELL NOTHING BUT THE BEST” Telephone 98. aie doc Wednesday, Sept. 1, 1915. here, as the | war tend to keep down the con-| lities long] This | in eco- nomic activity sharply reduces and of interest rates war, with its impoverishment of the —wr- _—<> Dun’s index number of cor- modity prices fell from 115.: to 78.5. It is, therefore, that this interest reasonabit to suppose to low rates, ter every wal will prevail after the pres¢ conflict. also be borne! It must mind that the destruction the present war is on a colossa scale; vastly greater than iny previous War, and the cost ippears to be increasing at a accelerating rate. Another six S will { bably cost t Allies nearly as much as the entire first year. cording to the best nate available, the cost of the| present conflict, nts, for one month, is greate by far than the cost of the American Civil War for an en- tire year. It is now since the exceeded year already the tota by all the wars of the eighteenth century probably destruction caused combined. ‘**Bearing these facts in mind, | and taking past experiences as the interest rates after th: a guide, logical conclusion is that present war will reach a point hitherto in recent history. lower than anything known “What then is the practical lesson to be learned from this? It is simply this, that with lov interest rates and easy mone; bond prices will rise rapidly after the war. Therefore, in- vestors and investing inst‘ tions would do well to take aa vantage of the situation, + « buy to the limit of their power before the end of the war. Luy well-secured high-grade bonds both for permanent investment and for substantial apprevin tion in value. “This 1s profitable investment people now living will oroebably never see again. time the present over, the nations will hae had enough of war for many sf2- erations;perhaps for all tiie.” Coughing scatters germs —Stop it ° Coughing increases the irritation of the already in- flamed mucuous niembranes and is moreover apt to carry dibease to others, Mathien’s Syrup of Tar and Cod Liver Oil promptly stops coughing, nee, thanks to its tonic properties, effects a permanent cure. The wonderful popularity of Mathieu's Byrup of Tar and God Liver Oilis specially due to its yset value as a permanent lung and bron- chial ler, Sold everywhere, large bottles. = 4. L. MATHIEU CO., Prop. Sherbrooke, P.Q. Teor wee Mathiews Nervine Powders— @re useful alev to chasethe ~ fever and patna which aflen accompa colds, 850 @ bos of 44 powders. 7 4 tts tendency | seen ai- in recent history, t} | to all belliger- | about aj! the war began, and| destruction has} an opportunity fer which For ky the conti is “exe *** 0 O66 8 re | * HAZELTON NOTES * SHEKHAR RHE ES Rev. W CG. Methodist at Smithers, was a mrt Frank, ministel . Hazelton during the oot Chere is likely to be a large at-| tendance of Hazelton people at | the Prince Rupert Fair next! nth. Mrs. Field, who has been aj t at the hospital for two is recovering from her ——— \mong the tourists whe visited e district this week were Mr. and Mrs. F. K. Stevenson, of Iowa cits rhe Misses Rack, who have visiting their brothers in izeltol left on Monday for home in Seattle. Willisecroft. of Mrs. Little. Miss Beatrice lelkwa, is visiting a resident Miss M. Miss Kells, formerly Hazelton, is visiting Ward. Miss Louise Rupert, is a gues: of Astoria, of Prince Miss Agnes Grant. Robert Langlacds, of Summer- land, is visiting his daughter, Mrs. Miner Newick.—Omineca Salvation Army. Public meetings, Tuesday, Fhursday and Saturday at 8 p. m. Sundays at 7:80 p.m. ee “A Little Saving Is A Handy Thing” ANY a man has lost his M chance to become independent by not having the ready money to take advantage of a really big opportunity. “Fortune knocks once at every man’s door’. Greet her with a Savings Account, and be ready for what she brings. One Dollar opens an account in the Savings Department. { tt Ship Chandlery i —————— oo Sterling Marine Motors Can be purchased In town. A Motor that wili give you en- tire satisfaction. Built for hard work. Guaranteed. —HEAVY DUTY— No. 2 cylinder; 4 3-4 bore; 6-inch stroke; 8-10 H. P.; weight 800 Ibs. No. 2 cylinder; 65 1-2-Inch bore; 7- inch stroke; 12-165 H. P.; weight 1,100 bbe. No. 4 clyinder; 5 1-2-Inch bore; 8- ipoh stroke; 25-86 H. P.; 1,700 tbs, No. 4 cylinder; 6 1-2-inah bore; 8- THE BANK OF British North America 78 YEARS IN BUSINESS. | CAPITAL AND SURPLUS $7,884,000, | PRINCE RUPERT BRANCH | P. MARGETTS, Manager. | Alex M. Manson, B.A. W. E. Williams, B.A., L.L.B WILLIAMS & MANSON Barristers, Solicitors, Etc. MONEY TO LOAN Box 1585 Helgerson Block Prince Rupert, B. C Office corner 2nd Street and 8rd Avenue PACIFIC CARTAGE LIMITED | (‘suecessors to Pacific Transfer Co.) General Cartage LADYSMITH COAL 03 —P hone —03 | SEEDS! SEEDS! RECEIVED OUR 1915 SEEDS WE HANDLE. Rennie’s Ferry’s, Steele’s, Aiso Fertilizers We Take Orders for Nursery Stock Grain, and Feed at Vancouver Prices Hay, 3 TRAINS WEFKLY SATURDAY MONDAY THURSDAY TO EDMONTON, SASKATOON, REGINA, WINNIPEG, st. pay, CHICAGO, EASTERN caNapa AND UNITED states 3 BOATS WEEKLY THURSDAY SATURDAY TUESDAY SAN DIEGO EXPOSITIONS UNEXCELLED EQUIPMENT CHARACTER Full Particulars Cheerfully Furnished A. DAVIDSON, General Agent. ower | — DENTISTRY RAILWAY A SPECIALTY DR. J. F. BROWN DENTIST Smith Block, Third Avenue Phone 454 | | Lowest rates to all Eastern ! | Meals and berth inci ided on ; == = | CROWN AND BRIDGE WORK SATURDAY, to— SMITH & MALLETT Phone {74. Boz 74. SUN ; FOR PLUMBING AND HEATING DAY, 6 P.M. —i- Layrest stock of Pipe sorth of Ls eee Valtouver, Crane Vaives and Fit- a tings, Pipes cut td order. Third Ave., Head of Second Street FREER R REMAN ENE KN Hy gy Prince Rupert + | ‘Martin Swanson Second Avert | Brigg's Garden and Field Seeds | | | | | | ; RRA ERASE EEE AEE OO Prince Rupert Dairy Has cut the price of Milk in half PURE FRESH MILK Delivered in city at 10c per quart and Sc per pint ; ; | ms é | Phone Green 2 52 | : TAXI ALF HALLIGAN PEPPER EERE HEY secccosscrcrss ¥ a ¢FOR A TAXI JAMES GILMORE = | =} | » Architect | r ¥ ] ; 2nd Avenue, near McBride Street | % 75--PHONE--19; e t hone S54 PO.Rox 60) > since RUPERT AUTO 00} AINTING : OLISHING AND WALL TINTING ntertor de High grade corating a Specialty ae 117 2ND vr MeBroes } ies 7 f, Baby’s soft skin is the test © BABY’S OWN SOAP— and its constant use in thousands of nu! is satisfactory proof that its fragrant helps and whitens the most delicate skin. | Se a ur a, Seiten, Tee & Syosialty §) Tl Ne denltation hes all. tlm. merit of BABY'S ’ For Further Information mee orders promptly attended to = © SnANOn 186 & . : FRED STORK S HARDWARE Ww. €E. wiheonore, Phone Prince Ru ert Fe d ¢ f= OWN SOAP: INTREAL. Blue 508, or D. Brown, Elec- p € 0. =a ALBERT SOAPS Limited, Manufacturers, MO } E BR Sat! triolan, Phone, 383. oe wren es a SPA OO ee eeu Dra ai ? EMP WHOLESALE DISTRIBUTOR RESS COFFE 0. PRINCE RUPERT, 8 .F, a. DAWSON 10:30 A. mw 10 A. M. TO VANCOUVER, VICTORIA, SEATTLE; san FRANCISco SERVICE ‘ oe a CANADIAN PACIFIC via Steamer to Vancouver ang the CANADIAN PACIFIC RAILWay PRINCESS ALICE SOUTHBOUND 6 P. mM, PRINCESS MAQUINA SOUTHBOUND 4. @. MONAB, General Agent Corner Fourth Street and Third ave 39--PHONE--35 eee eee ee Eee RRR IHR KERR RK RIN ETP E CERES for | + APERHANGING | eweweaeweene ese nenneseen B.C. UNDERTAKERS FUNERAL DIRECTORS AND EM BALMERS — SATISFACTION GUAR- ANTEED—OPEN DAY AND NIGHT STREET—PHONE 41 BRUCE MORTON, Funeral! Director Jathel! WW | WAY es E