l?nurc Hupcrt Diiilp iScUjs EtD. Tuesday, September 23, 1947 Published every arterncon except Sunday by Prince Rupert Dally News Ltd- 3rd Avenue, Prince Rupert, British Columbia, f Q. A. HUNTER. Managing Editor. H. t3. PKRRY. Managing Director. MEMBER OP CANADIAN PRESS AUDIT BUREAU OP CIRCULATIONS ' CANADIAN DAILY NEWSPAPER ASSOCIATION An independent dally newspaper devoted to the upbuilding of Prince Rupert mi all communities .comprising northern and central British Columbia. (Authorized .as second Class Mall. Post Office Department, Ottawa) SUBSCRIPTION RATES City Carrier, per week. 15c; Per Month. C5c; Per Year, 17.00; , . Bj Mall, Per Month, -40c; Per Year. f.OO. The Story of Gold EVERYONE IS INTERESTED in gold so, jet's taljt about gold. They are talking .about it on ! Prince Rupert and on Canadian stock exchanges 5Yhere there vas.a .rumor, later denied that the.gov-jernment had decided to pay a premium for its .production. j; It seems that once .upon a time,, .as Babylonian mothers used to tell their puzzled children, it was all , very simple. You .had apiece of gold some one admired it and gave you a hind quarter of beef for j it, or the current version of the new hemline. It was i as simple as that. If you had gold you could buy anything. I iict's go on on to say 1 914, when "gold standard" 'was an untarnished phrase standing for the utmost ! jn national monetary respectability in .the best .of 'worlds'. You could take five dollars or a pound sterling jto the bank and et gold for it. And .if acoun-jlryi)ought more from another country than she sold to i tslie paid off the difference in gold. -Came the first Ayorld war and that matter of rgetting gold for your money went out the window. L. It came to be regarded .as good thinking that the vnfiift of a country's .money, lay in .what it would buy rivithimthe country which issued it. That is, if it I would buy your .needs and reasonable -luxuries, it wasn't necessary that you should be able to ask for Jgold. However, it still was considered that a coun-jtry which bought more from another country than jahe sold to it, should pay the difference an gold, .and that its real value was in the settling of these Inter- national balances. Then came the depression .of , the i'80's. Britain and other countries went .off the gold standard" and the settling ,of international i balances with .gold .also went .out the window. That f doefcn't seem to have left much of the "jjold istand- ard." But the human .race lias an :age-old canfi-j dence in gold. Part of this may be instinctive faith, part of it may be sound thinking. Whatever it is, '.Jlhercris-a lot of the "standard" left in the old .metal. Z Which brings up the subject -of ,the present .most Stanjiible reason f on world respect for gold: the .Uni-Jed States will pay $35 an ounce for it. Why the -United States continues to do this is something for -her treasury officials to explain. Perhaps she just thinks it is the sound thing to jdo, or perhaps -she as, shorrified to think what would happen to the world, Zeconomy, including her own, if she stopped buying it. For the United States willingness to buy ,gold .is aboutthe only universal yardstick of values Jaft. If ou wish to go to the trouble, you can value virtually anything is terms of gold at $35 .an ounce. The United .States now Jialds jiearly .OOOOOQ.-j.OOfr.worth.of it, of which.$12,500,00Q,000,is.stored;at Jvort lnox, Kentucky. j When "Foreign Secretary Bevin commented that this might be redistributed the United States .was jlshocked. She had bought it and .couldn't see .any . sense in redistributing it and then buying it back again. Perhaps Mr. Bevin meant something .else. . The chief gold producers are South Af liiea, Can- ada.and the United States herself, with 'Russia -an -unknown but interesting factor. Canada's pro-; auction, beyond her internal meeds, is sold to the United States to help settle her adverse trade bal- ance with that country. .Just now .the cr.ux -of the i gold .problem is that ,no -one has very much of it, i except the United States (and -possibly Russia), -and the second world war wiped out or impoverished i much ,of the productive power .of the world. ; The rest of the -world is crying to the .bins ;and ! factories of the Americans for .goods. They .eer-; tainly haven't gold with which to pay, sand as yet ! they haven't the production to pay with goods. Britain ,aims to increase her production .so she .can ; pay -with goods for what .she .buys. There .is Jittle talk.of .gold or the need of gold an this; atis regarded as very incidental as compared with production. : Yet Britain is extremely -loath to part With -any of i the gold reserves which she still retains ; for, to . j-epeat, there'-s a. lot of the "standard" left -in the .old t metal even if .many .violently disagree .with the place it lias, had in world affairs. Rotary Club Thursdays l,p.m. ,1IAS THE WELCOME MAT OUT .FOR ITS PATRON-FRIENDS Our Foods Are Prepared by a New White Chef Who 'Specializes in Canadian Dishes Open 7 a.m. to 12 p.m. Weekdays except Tuesday. Sundays, 8 .ajn. to 12 p.m. Closed all-Tuesday io .comply with 44rhour oweek. Official Appointment COMPLETE FOUNTAIN SERVICE SODAS - ICE CREAM - SUNDAES r.F.O. DYBIIAVN Prop". vW. T. COOPER Manager what City Council Did . . . Gave final reading to a bylaw prohibiting the parking of vehicles on .McBrlde or -Sixth .Avenues in the area bordering Oyro "Park. . . Approved a board of works recommendation that a concrete curb be .installed on the south side of OTiird Avenue irom ;Eirst Street ;to McBrlde .at ..an approximate cost of ,$5C0. . . . Approved the action of -the- licensing -committee - in-granting business licenses .to: Don Harvey Enterprises itd,,1 real estate; Kenneth Jv. Yel-i land, trucking; Edward Thorn-;! son, Raymond Johnson .and James. Thomson, grocery re-- toilers. ; AIR PASSENGERS Weather conditions .at .Prince Rupert Saturday and Sunday forced cancellation of the regu-! lar passenger .and mail flight: from Sandsplt to Prince Rupert.; Inbound passengers were -re- routed, arriving yesterday on ithe; Cassiar. From Vancouver S. .Whyte, L.' Gllespie, Mrs. ,Q. Parker R. G.; Haley.. Mrs.. Coutts, Mrs. R. Mul-ler and Mrs. P. M. Ray. From Sandsplt A. Christian-son, Mrs. N. Orr, W. Bijou, T. Rossland, A. Morrow and V. Kakh. Passengers leaving by air for Vancouver today were R.-W. London, A. Morrow. G. L. Fraser, J. Peterson, !L. Stuck, J. Dtwitt, R. Torrance, C. Sullivan, Miss B. Smith, B. Mickleburgh, R. Thompson, N. L. Hooper and Mr. Woh To 'Sandsplt V. A. MacDon-' aid. A. Tial. To Vancouver O. L. Fraser,' J. Mackay, Mr. Stuck, Dr. R. ,M.H Lane, H. Montesano, D. Chris-' tlan. M. L. Doyle. From Vancouver (Mondavi H. E. Hamilton, Mr. Livingston, J. Barnes, Capt. T. .Laurie. Steamship Sailings For .YanconTH Monday ss Princess Adelaide 10 p.m. Tuesday ss poqultlam 1:30 V-rn. Thursday as rrince Rupert,. -12:15 -p.m. Friday ss Catala. 5:30 p.m. Saturday ss Camosun, 10:15 pjn. iFrom 'Vaixioiivor Sunday ss 'CoqulUam, 4 p Monday s Princess .Adelaide 1 -pjn. ' Wednesday a .Prince (Rupert ll:00;ajn. Frldayss Camosun, 4 p.m. .Friday ss Cataia. 5;pjn. Phiiups MILK QFMAGJHE51A mm . . Granted a request by the school board for l2fiQ0 to meet current expenses of the Jward. . . . Approved an increase in the city engineer's salary of $50 per month effective October 1. . . . .Accepted a report of the finance committee .authorizing the sale of lot 44, block 34, section 1 (Third Avenue, -between First Street and McBrlde) to Etyfohavn and Hanson, for $1,815, Mils being the highest bid when tenders were called. DR. P. J. CHENEY JDENTIST ANNOUNCER THE .OPENING OF HIS OFFICE ;FOR THE PRACTICE OF DENTISTRY IN SUITE 5. .SMITH BLOCK. TELEPHONE 785 J. P. MOLLER PHONE BLUE ISs 124 4th Ave. East PAPER HANGING AND PAINTING ;HELEN:S .BEAUTY , SHOP .Permanent Waving. Beauty Culture In tall its branches. aoa .,4th .street Phone 855 HANDYMAN .'HOME SERVICE .GENERAL CONTRACTORS Building and Repairs of .all kinds Roofs, Chimneys and Oil Burners PHONES: rUreen4ttS - Red 8U4 If It's Rock Work CALL BLUE ,939 M. SAUNDERS 1 CONCRETE ;SIDEWALKS BASEMENTS Your house and yourself fully Insured while I do the work. PAINTING ANp PAPERHANGING Phone Black 823 H. J. LUND SMITH :& MUCINS L'l l:) plumbing .and ileatlnv Engineers Phone m PC Box Tit GEORGE McWIHNNEY , PAINTING AND PAPERHANGING 147 4th East Phone Black 4B9 Train Schedule (Paciflc Standard Time) For -the Uast Monday, Wednesday, Friday' '8 p.m. i From the East-Tuesday, Thursday, Saturday 10:45, p.m. I Princess at ,House Opening LONDON W-rPrincess Ellza-i beth will make her first appi3r-jance of state at the opening of Pailiament, when the King and I Queen perform the ceremony i during the lost week in October. Only now that she is of aje (and heiress presumptive, has Uhe a place in tht official pro-i oeedings. To save the eyes and avoid harmful glare, light shouldicome over the shoulder and care shuuld be taken not to cast the shadow of the body, or any part of it. on the work at hand authorities eay. Business .and Professional PRINCE HUBERT BOTTLE COLLECTOR and MESSENGER PHONE RED 828 Agent for Pacific Bottle 11 C :Ltd GEORGE L. PtORIE Public Accountant Auditor, etc. Income Tax Returns Compiled Besner Block - Phone 387 Grandview Hotel ROBERTSON BOTTLE BUYER & TRANSFER DAY AND NIGHT Call Black 412 P N. Kllborn W. Peteraor BERT'S TRANSFER AND MESSENGER Lumber Coal Wood - - - BaKRigr Freight - Express Phone Blue.tilO :Night Calls Oreen vn Prince Ruprrt PRINCE RUPERT FLORIST A. R. LOCK Wedding Bouquets Corsnges Designs Potted Plants Large selection of Bulbs MODERATE PRICES Prompt attention to mall orders Box 516, Phone 77, .300 3rd Ave JONES NEWS 'STAND JEastern .and Western Pnpr Magazines SUBSCRIPTIONS TAKEN Sixth Street JOHN MOSTAD CARPENTER AND CABINET MAKER PHONE RED 752 BOAT CONSTRUCTION DESIGNING .REPAIRS Fine Workmanship Estimate COW BAY BOAT WORKS A.P.Crawley Green '391 Serving ihe Fisheries Industry Wells (P.R.) Ltd. Cartage, Labelling, wvighine; BLUE 992 M PROMPT 4 IFFIQiKT SMMCt Mil HMT fUlM W fiOUHMlA OPTICAL CO. U EiOTARY CLUB TO SPONSOR DRIVE TO AID BRITAIN Prince .Rupert will be askd to "adopt" the city of Poole. England next month when the local Rotary club embarks on a campaign to collect food and clothing for distribution .In ;the East Dorset cltv of 60.000. Distribution of the food and clothing will be made through the Rotary Club of Poole, Jol- lowlng a contact made Ihere iy Fred .Scad den, a . member ofrthe local club who ls.now.onthis .way back from a visit overseas. "The distribution will be don-in a very gracious way," the secretary of the Poole Rotary club wrote P. H. Llnzey, chairman of the drive in Prince Rupert .WA'.V.W.V.VJWW.V, Wool Dresses NEW SHIPMENT ; All the Lai est Colours Sizes 12 to JJ Nyl on Slips Sizes 32 -to 42 Annette MANSELL STONE BUILDING "Walk Upstairs and rSave" JjWl' tSiti Winchester j . ..vsoMary will take up nursing aCterxall Mr It LOOKED for a while,, .leuyiiuuiry Jhuuuual prulIm a family siuight ke Marj' from it Jligh". M ,elic hail lo jult tkj :hdl)ilie;fuinily iiieoiue lwf vtoiiliiaj lueuiat jguod-Iiye to her iieuomiug a nuie. JJut here she js, t-lartin her final in Did ,hcr J)ad iuddculj 4;uine into mj jiiouey? No . . . nud yes. lie eonultrlteWI juuiiager, wlio lold him LowtitWj hiHiugh )erotial loans, often Wj jeojIe to meet just such eiluslM Arrangements were made, anl RUury will luke up uiir&ing fwi In 1946 Caiuula's haaks mitA ' t men otud .women. I loinm to -rof i u . n ir rout i"" T14HM QI4FF.T METAL .e.....i. j . uvMlnr 1W1 " menaces--G..U. 252 Cast Fint. (Cow Bay) vvvXtH X.O.JJOXJL219 QfJring 37 years of prfi Experience in Prince Rupert to the- ..hu returned CONTRACTING v , . ZlnbTfioS NoJdbfaoiLarge .-,11 fXniYlTINK. HAULING. UM PHONE82 .ifill WW PLACE AN AO LN THE OAlUY NBV"L