4 +t ‘ * PAGE TWO THE DAILY NEWS - ses Thursd \ | = a : e i eee ta SEES + ; atinstiatieraiil dintiad hy a There | s may | how earelessly employment of ie Bank of Montreal Comes dispositior mat puarte x he system may be greatly limite ; 2 Oe . : b . oe eo veslo! who hald net Carubies not w 7 Through Unusual Period — — the -Poestiitnn "Peden a te Xt ag - - * « . ; ; Ts : : presenting expendi-,@harehokders we;. : With Undiminished Prestige * “ a < D is pwned sys- preparer : i . . ‘i ea pro nna 7 lear a to pay ors had « n 8 arty j Gift Sti PTS Sir Charles Gordon, President, in Atidress to Shareholders, Reviews | burses y ne I be or interest,’ tor duce the et videng . } f pp Important Developmeats in Pipancia! Werld—Takes View That activities of the peon ly these many cam bervem# Whhe « * Siehy | Dhere is No Need of a Central Bamk im Camada—Stresses Necessity what form taxati ; tak Against taflation presen! dividen 0 yey ; ‘ Of Cosy Comfort For Honest and Elificient Leadership in Railway Policy For the the heavier the t 1B int general man may : em “of ; future, As This is Country’s Mest Serious Problem the difficulty of busin on Dodds, came out 5° remembers shha net Sor the Whole Family ane In this connectior ft any undue issue of one investment > Bane ' W. A. Bog, in Submitting Address of Jeint General Managers, Shows wtieularly t would further depre- . ‘y grea Mle top SLIPPERS, the gift that finds a warm welcome Mow Bank Has Come Through Unusual Period With Undiminished tion. saying put ian dollag Lying ad capil o ° div Prestage—Canada is Among the Few Nations of the Werld Prompt- more thu if th e a most disturb- Me is calculats a tid ‘nat hetzays the thought for ly Meeting fvery Obligation, Beth Externatiy and Internally f Canada had eral business C@®pital there a *, , r ud giv a frie ie at ‘ u {fect Mpon our undistributec rel Ff rest well worthy a friend Stressing the point that Canada¥ = the sh a { is amang the few nations in the/d®mg road of aepression will soon National Railw ¢ might higher by seve dolla HOSIERY, a gift always ac ptable at Holi- world promptly meeting every ob-j came to an d, with eur eountry were ting the } t i ~f bdoighter han the tota Tes, a : ligation beth internally and ex-} puickly nespx ing because of the $10,000,000 n he ; W unt i A . ded on ternally, speakers at the amnualtgeneral soundness of our positior On the one ! ) eat eontra Ss. whieh % wm hth Pa. meeting of the Bank of Montreal/* Debt and Taxation lian Pacific R e, we ha : e Ros : : Vee oes ( hoffe iy in 181 FAMILY SHOE STORE LTD expressed confidence in Canada} Dominion, Provincial and Muni- of $! wr suffs | oe mA , . ind its future. At the same time the/ cipal funded i mave increased ¢ : ic! . : ainst - , ‘ : i ~ ¥ rhar : the . : ’ ‘ ; f ur y ® Box 1584 iT | cies panty inantiad-abie tanhiaeainantie tis bank pradiont sass, mobeslbaleecaghe t in thefed as | re nol lifficult, and| ana now the WAS ar On : expre i the view tha “pees i-} 2 a quarter » i , ; i ould be reduced if govern-|Dominion and Pro overt ‘ ment were confined to what bk edu obligats alone he few'* THE DAILY NEWS. scribed as Ms appropriate functions | Goverament Cost Saniness Factor } : B PRINCE RUPERT - BRITISH COLUMBIA He Jaid stress on the necessity for it is a new experience for Ca! poth # — nest and efficient Jeadership in| ada.” be sid. © to be confronted by H nued These ' Conctudiz Published Every Afternoon, Except Sunday, by Prince Rupert future railway policy. naming it as|the fact tha! the cost of gover: Property Has No Balance Sheet t trenethen our ? me thro Daily News, Limited. Third Avenue ' Canada’s most serious vroblem ment hasbecome a major factor ir TI i : s e i " ; , it. , & Lacking. the cost of dal Pusines E ‘ HF. PULLEN - - - Managing-Editor aeons, iain to| pressing the belief thet if ¢ idend Disbursement ents have eet irrency inflation. Sir Charles said: |™ént were confine: t he Bar opera pe . SUBSCRIPTION RATES If there is one fact in finance| priate funcetior 4 suring the year the wt City delivery, by mail or carrier. yearly period, paid in advance 6.7 |moce tinutiy Sized than ametiier, 1) 9mm ef aupendiaes co . ee oe For lesser psziods. paid in advance. per week 19> | 1S the certainty that the unrestric - oni By parts of British Columbia, the British Empire and ted issue Of paper curreney culmizi- United States, paid in advance. per year 399 ates in disaster. I may point out By mail to ail other countries per year... 8.99 | moreover, that-we im Canada dom suffer from inadequate credit or in- ADVERTISING RATES adequate currency. Trade has con- Classified advertising, per insertion, per word _... 3 62 tracted in volume and value to a Legal notices, each insertion, per agate line pos tictiplienaplil . 15 degree where much less currency al readers, per insertion, per line we iow devieieialioniaian 25 and credit are requited for its con- Transi isplay advertising, per ineh. per insertion 1.40 duet. Our banks weleome borrowers Contract rates on application to Whom they can safely lend, and Advertising and (Circulation Telephone 98 as trustees of depesitors from whom Editor and Reporters Telephone 86 their loaning resourees are derived, Member of Audit Bureau of Circulations banks ought not to lend on any ther condition ee So far as our bankine system is DAILY EDITION Seppe Thursday, December 15, 193: to neerned. it is well to remember 1at nev a Singie depositor has had le BELIEVE : walt for a moment to get his BIG WORLD HAPPENINGS ene hh ous. xs yney from a Canadian bank d Jig “] + ; : Big orld movements are akin yg plac e and the Daily ng the past vear, while tens of a ? ia OWN New © was abie x esterday u ri\ e its readers the very lat- thousands of de posttors in the Uni- » kn ! - os - eat Cana: » Pp Rasa er o4a 48 WY ted States have had to wait in line et (MM cane ws \eahdGiah ress Gespatches Geaing with them. i he \ ; J nly to be told finally that their bank had closed its doors. This fact : I rgument that will appeai t the tail of the French and Belgian governments as 4 re-| most people sult. Also there were the reactions in the United States’ Fears Railway Bill No Solution. to the European situation. In addition to this readers) ™ a Dy anne were given news of another co-operative plan between ne ralusy 0 new Selene gaitie- ; : . : 7 7 ment could Fieve iis objects, say- Canada’s two railroads; the settlement of a little incident most outstanding of these was the failure of France and Belgium to meet the payments due the United States and Ai ing it had been challenged as an between Britain and Russia: the closing of Catholic:interferenee with the rights of the Schools in Winnipeg and the refusal] of Japan to accept a! private company . con ciliat 1 plan proposed foi her. It will be apparent,” he contin- ued tha at a seheme of co-operation nd arbitration of differences un- aer a system which continues the Exclisive despatches dealing with these outstanding matters were secured at con ee expense but, thanks to the splendid Sun port given us ‘ the merchants, SUD- | oarties in competition presents dif- seribers and peopie gene rally, it has at een | possi ible to con-! fieulties, and it is to be feared that tinue tne service so far. It is hoped that will he possible would not effeet the economics 0 continue indefinitely to give tl is hews ‘a the world on pve needa ner ~pranglaanatiragset the day it happens and especially the Ci dian news me 7 = ee ee P} i ab peCiaily : anacian news hat the maximum of econemy ean whic } can de secured In no other way. All depends on ths nly be obtained by « union of in- support given us by the people of the city. Every dollar : esis whieD wi Dake wnited ac- received outside of Salaries and ways ves and necessary ex- ninistra aor possip “and it ib wl ; + int ; 2c hoped that some plan may yet be enses 1s put into the paper in giving eased value to|” : fa , oy Ss increased valu vised tor this. Obviously. the more readers, This policy will be continued. permanent such an arrangement made the more effective and BEWARE THE PESSIMISTS visable it wAll be In these trou! lous days the pessimists are having their Central Bank Not Needed Sone rv « ; . There is no need of enirai Innings. Lhey see nothing bright and cneery 1 the want ink in Canada, Sir Charle ‘ oe 9 ° ° . S€hl elluatieon and refuse to believe that im provements |clared. For ali practical purposes " 5 Times Victorious ean come. They tor@et the lessons of history and fail to/|such an agency already existed un- note the vatue of the et eas oom are receiving for der the Finance Act. which for 18 O¢ purpose. Furthermore, a monopoly Today the chastening : peribd is nearing an end. People| on the note fasues by ‘the gover tet vale of the casein people a coe ee at eee in 25 Competitive Tone Tests! ETE De o Gt Console Sy } Medel J.195 i $189 4 Cortpirte wiih S | Bete An PO. > > . eB Rediotroes ), + eae A 7 ’ — MAOE IN CANADA have accustomed themselves to a more sane life and are| ment would not increase by a single HE family vote, too, 1s going to be heavily Wouldn’t it be a good idea, now, to step into the Tacing he future with renewed hope and confidence iollar the amount of currency in mn favor of General Elec tric this Christm 14, nearest General | leetrie dealer's and listen to Cnristmas buying is one of the first: signs of improve- he hands of the public, unless the Nothing you could give would satisfy every the General Electric for yourself! Conduct your ment. We are told that i Lo don the shops are cro\ ded note were irredeemabie and reek- +) ‘ohan © } : , e ly emitted i i and t mer ants are beginning to have hope of return- As to the outlook, he said there with its unbroken record of tone-test vector Ing loa position where the ey Can once more pay their rent had been a decided turn for the member so completely as this wonderful radio own tone-test, as it were... hear this marvelous 1s, tone, that has unpressed and charmed both the regular], and Cease living off their stocks. In Prince Ru- better in the Stock Market since ” Absolutely fair tests. Each time a General Electric wae skilled musician and the average listener. pert there are signs that this Christmas there wil] be bet-/| June, during which month it reach- pitted against three other popular makes costing the sam: General Electric Radios are made both in table ter returns than last