PAGE TWO The Daily News" PRINCE RUPERT BRITISH COLUMBIA. Published Every Afternoon, Except Sunday, by Prince Rupert Daily News, Limited. Third Avenue H. F. PULLEN Managing-Editor SUBSCRIPTION RATES liV mail to all other parts of British Columbia, the British Em -: pire and United States, paid In advance, per year .......... 6.00 GRAIN MUST MOVE Owing to the small crop and the tieup as a result of the grain being held for a higher price, the railways of Canada have qeen slack this fall and some unemployment has resulted. However, this grain has to move and the moving will kee"p things busy here and elsewhere. Prince Rupert must expect that considerable grain shipping will be done through this port Should this not be the case, they should ask for a cancellation of the lease of the Wheat Pool. It is too early to decide on that, however, because the Pool has not so far had an opportunity to show its hand. Even at the Avorst a number pf ships will be here to carry away the grain now in the elevator, but that will not be anything like sufficient to satisfy the people of Prince Rupert or the people of the Dominion who found the money to erect the elevator. Wq can stand criticism, but any person who pities us we want to Hit between the eyes. WHAT IS THE MATTER? Yesterday wo wrote: "How can we expect others to think highly of us, if we do not think highly of ourselves." A reader of this pdper dropped in to suggest that we apply this to the city of Prince Rupert. Citizens do not always speak highly of the place. There are so many people who are only sojourning in the city that feel it lonely being away lrum ineiias anu navmg no nomas nere. mere are the employees of the banks, the hfol and some of the the ones we already have line During the early part of the past year, business, generally speaking. In nearly all lines remained active and there was no rerious check during the first ten months. Possibly the greatest advance In any direction was In mining. During the summer I had an opportunity of visiting, together with other Directors, four of the great plants of the country namely, thr British Empire Steel at Sydney, International Nickel at Sudbury, Algoma Steel at the Soo. and the Consolidated Mining & Smelting Company at Trail One nvist visit the:' rnorr.mus d. vel- TTIfi DAItY NEWS Wednesday, Decembi Trade Conditions Reviewed at Bank of Montreal Meeting By mail to all other countries, per year ........ ....... 7.60: The annual meeting of the Bank Transient display advertising, per inch per insertion ........ . .tWaja Classified advertising, per insertion, per word -02 1 interesting addresses by Sir Char-Legal notices, each Insertion, per agate lirie .15;les Gordon President, and Mr. H. Transient advertising on front page, per'fnch, 2.80jB. Mackenzie. Oeneral Manager. Local readers, per Insertion,, pecllne 25 j. .JLn ?id,,Plra.rle8,,S: . , dwelt the strides ,. , ,, , e.nr"On on great 'j j u i j City delivery, by mail or carrier, yearly period, paid in advance ?5.00 j Canada had been making In recent For lesser period, paid in advance, per month .. 50 years and drew attention to th By mail to all parts of Northern and Central British Columbia, I special facilities the Bank had paid In advance for yearly period 3.00 V, Or four months for 1.00 1 0a ... , Contract rales on application. Advertising and Circulation Telephone 98 Editor 'and Reporters' Telephone'. 86 Member of Audit Bureau of Circulations DAILY EDITION Mday, December" U, 1929 Sir Charles Cordon, President, at Annual MeetlfiR of Bank of Montreal, Draws Attention to Great Strides Made by; Canada ,,. During Recent Years. , .: ' '- II. B. Mackenzie, General Manager, in Reviewing the SJtuall6n In Canada, States That Conditions Afford Firm Basis For n Healthy Optimism. Manager, reviewed the general statement of the Bank and touched on the great legacy Sir Frederick Williams-Taylor had left to a staff that was highly efficient in every department and united in devotion and the service of the Bank. President's Address. Sir Charles Gordon, OBK said in parf: "In reviewing the commercial situation in Canada, it should be kept in mind that there have been five years of almost uninterrupted expansion. In that brief period! our people was sustained In so many channels of production, we must not allow a possible temporary reaction, ths result of a collapse in a purely speculative orgy in the stock markets, unduly distort our view. Fundamental con-riitior)j are sound, and there is no reason for apprehension as to the ultimate future of Canada." General Manager's Address. In reviewing the business of the Bank, Mr. H. B, Mackenzie, general manager, said in part: "ThP balance sheet which 1 have the honour to present to you is a highly satisfactory one. It shows a healthy growth in the volume of our business, the strong liquid position it is our practice to maintain, and very good profits. The following are the principal changes In the balance sheet: Our Total Assets now aggregate $965,000,000 against $873,000,000 a vear ago. an Increase of $92,000.-000. Capital and Rest aggregate nearly $74,000,000 an increase over last year of $13,000,000. reflecting Canada has aehfcwd a degree of "A"A c7 Zt m Zr rW aa? "est PH.1 .9 nrnf Profits. Our dlw4onmpnt development nulto quite .mnnnM unprecedented ! Not in one or two directions, but practically in all. remarkable ma- Rest Is now $2,000,000 In excess of our Capital. Deposits aggregate $772,000,000. terial progress has occurred-ln i rCX an tacreas e of $50 000 oob agriculture, In many lines of man-; ESJSJJSnmi 'ffiffiS? ufacturlng. in mfninc. forest. li'S?lta5L "J"' HMf ate fltfoted. to Itanium. - i i . : i lAJiiicia in iarmna noninir lion interests, and to ' subsidiary itles the lnrreavrf rpm,i,,. ":e? ine..mcr.eased requirements intprwitj. mi nvr th i f7. . .u " ,ri, OJ expanding Business in Canada ce an0thfhi;?MV a.nd.Jhe shipments of of the situation' the was unprece- current i,nn in ron.j. ,i dentedly high rate for monev In. rfSi5!nLifi5f. Ul.-Can.ad..iln. 85 AV? 85TS business of and Deposits after Notice have decreased Sin.DOO.COO. the last a reflection principally of withdrawals for Investment in securities. The cast year has been exceptional in that respect, and the Savings Department will probably now resume its normal growth. Cash and Bank Balances 'Including Central Gold Reserves, amounting to $148,000,000, have increased by $14,000,000. Call Loins aggregating $155,-000,000 show a decrease of 123 - 000,000 when compared with a year gu. uur van Loans in Canada :ire practically the same: the de crease is mainly In New York and tia vile nnn rnmmprro rinvA M ... P Rnunt.rv.wfu n oo ' "Vr. '"" "iyt uctii our cnier rarp nnn tt-taiv Government and other offices, most df whom are living ! SESn L? in BVPUctal here only temporarily. They are apt to scoff at every-j EffiFSb SLfiS1!? TS gr tiling v,n here, ,,f tu would : in i i ...i.:.. inH U.UU riri vi.rv v Uoitimato is Li mn ts nwn rT wms tH"' a Dut . ... . . De used for thing just as they any other place where thev haonened to reside. The sentiment is onto hino- nnrl the result is objectionable. Those who do not reside permanently in Prince Rupert should remember that they make their living here and that it must have been a good place for them or they would not have come. It is very poor taste for them to speak disparagingly of the place where they earn their living. So with those who are planning to leave soon, We need a real civic spirit that will not tolerate employing those who are dissatisfied. Let us always speak well of our home town, both among ourselves and with others. Then we can expect others to think well of us. If we get rid of the has-beens artd kill off the never-wa? crowd, we shall soon become a live city, j,!. VALUE OUR INDUSTRIES There is a tendency in Prince Rupert to kick agaitfst -ii countrv IK ri f -t m -ina". business purposes. Vt rrJ-d "Tnachn i.Vnif.i lhe H11 theie. mony eded to finance the J : , any oj country's business. .k. u the great basic commodities such Our orofit for thp vpt t as wneat, sugar, cotton, steel and 070.000. as compared with ta i 847 -other raw matwials. so that we , 000 a year agd T Higher rats fo? had not to witness a slump in I call money in New? York and a Sk ffie't " en M the l"n voi, ofoawriulred Unfavorable feature, of the ! glSH iu"1 v i wijc , me increase and the slow movement of the -f WTVW KS uun I u . HU has affected United States, exchange, which at times has ranged around 2 premium. It has also affected the earnings of the railroads and steamship companies, and has caused some check to business generally. The second unfavorable aspect of the situation was the crash In the stock mar kets, nie call rate and other dan ger signals were oat. but, French Work Twice as Long as Americans PARTS TW 11 TK 1MUM with has to work twioe as" long as the thoslwho are carrying on local industries Let us remem-1 AsXi jS'frreb? !SSSS& v..v ,ui,jr uMuniira c loucu anu inucji ureuit isi"' y' Tc. nuuuinAna mat, comments the news- .iniB- cany on successfully They have iimny j JKfi? ' rVrtunateiy. only a" tthtWofSteffiES difficulties to encounter, not the least being that of meet-1"" proportion of the people are u higher than li the United ing unkind criticism from their home people; ' ' We cannot SLitl ",rt , Je Btal8- A ,QnK bie of . cost? Is nvnoM n K,. nth ;t.f..: u : ... j ifffiS. b.cS?.?m. 't:!rPar-, rtfesentd by Henri DubreuiL' an wu.bi. i.u I'liui. umti iiiuucu no iicie 11 k 11 11 mil. 1 1 up wr i iiuteiT iew. at inp same Time wnm ffiAiAi iff.T thl TZa.r.W Zi 01 A5Dor fn a dook ne wrote after nr oI L?nt a.p- power 'worWng' in American factories. InfWnr ilht I Jhta table shows that a. quart Epr ine first time In five VM years, of milk costs the Prenrh. worker In the Prairie Provinces, the yield erlcan earns in 13 A doien eires inWonMKfbU5ir ;!5P themSrxenchman Ts? 151 lng one-half that of 1928. and hours and a half while the Am-that of other cereal, correspond-, erica'n eets his In 53 minutest ingjy smaner. Tne narvest was gathered rapidly In, propitious weather, and the quality of the wheat has graded exceptionaUv high. Discouragement has not, how down the line of foodstuff nri clothing, Dubreuil shows the Frenchman has to work from one and a half to six times as long as the American for the same thing. The Frenchman get his living ZthJ'"!8? of the quarters for half the amount of Northwest. They were forUfied xvnrv "Hn ,,of D Hiff.r, i ?"in8L.tn si!rt JJ.rop by four the kind of lodging," says the I favorable seasons. The reductions in their Incomes this year Is not to be measured by the decrease ,in quantity of grain; prices have been higher as well as the grades, i Yet -a reduced yield of about 270,-! OOO.OOO bushels of wheat cannot be lightly regarded, for while the I profit to many Individuals may be j satisfactory, purchasing power In i the aggregate will be curtailed. In Conclusion. In conclusion, may I say there never was a time in the history of Canada whm buslncv as a whole has been at a higher peak than during the year under review, or when the developed sources of our weaun were more wide and varied than they are today, and never a newspaper, comparing the homes of American workers with the un sanitary one or two room apartment to which; the . French work-ingman . li , accustomed, without baUiroonu .telephone or steam heat and frequently without running water. OPEN CONFESSION Magistrate Where born? were you Prisoner Glasgow, Magistrate Were you brought up there 7 Prisoner Yes, once or twicer-Edinburgh Scotsman. For quick results try a "want- time when the earning power of ad" in the Dally, News. RECORD IN JUVENILES AT LIBRARY Comment Made On Increase In Interest at Local Institution and Public Appreciation At the meeting of the Library Board held last night. Alderman Dibb presiding, it was reported by the librarian that a record number of children's books had been issued during the month of November, the i total being 1154. Also, there was a! record number of new borrowers I registered, the total being 66. This makes 2857 on the list as borrowers, a fact that excited the remarks of members of the board, who men-' tioned the splendid progress that1 had been made and the widespread Interest now taken in the institu- j tion. The chairman said that two people had spoken to him that week ; expressuig interest and appreciation in the work of the organization. The circulation of the month of November consisted of fiction 2968 volumes, duplicate pay 165. non-fiction 481, and iuvriiiJo 1154. mak ing a total circulation for the month of. 476S volumes. This was an average of 227 a day. New books had been added to the collection during the month, 16 by gift and 79 by purchase, making a total of 95. There were during that time 40 volumes discarded, so the net gain for the month was 55. The librarian read a letter re-1 ceived from the Public Library Com mission wnicn explained that the 33d Library Act had been repealed and at present the board was legally constituted. It was decided to close the library December 25 and 26 and also January 1 and 2. LOGICAL, AS USUAL The car entered a one-way road at the wrong end. "Hi, miss, a policeman shouted, "do you know that this is only oneway traffic?" "How many ways am I going, ihen. officer?" she replied Winnipeg Tribune. Portable Lamp $7.00 Up This advertisement is not published or displayed by the Linm; Control Hoard' or by the Goverrjment of British Colusa A Cheque Every Christmas Will be received by your family Santa Claus will deliver ii vnthoi; fail for ten, fifteen, twenty vca s. or for life. Fijure out what you need in money to make yoiir family happy. is u 825,00, 550,00 or $100.00. You love to make and see them happy while yfcu are with thorn Will the:- be happy if Uielr loving Daddy is taken away0 Why not make the uncertain certain and see that they ar happy like other children on Xmas day by applying for A SUN LIFE CHRISTMAS POLICY Full particulars will be gladly submitted by esUint or writinr S. J. Jabour, Phone 615, P.O. Box 15 15, Prince Hunert Sun Life Assurance Co. of Canada Assurance in force over $2,000,000,000; Assets over $00,000,000 Mail this coupon toda Mr. S. J. Jabour, Sun Life Agent, Prince Rupert, B.C. I 4m Interested In the Sun, Life Xmat policy. I nmi a income of $16.00, $60.00 or $100 DO every Xmas iunrithm amount required). My age is My beneficiary's axe is Please send me without obligation on my part full put lars about your Xmas policy. Name Address BRIGHTEN CHRISTMAS WITH ELECTRICAL GIFTS I Washing Machine $110.00 Up Curling Iron $1.35 Up Vacuum Clrancri $47.50 Up Radio $121.50 Up Toattert $4.50 Up Useful Gifts Thoughtful Gifts Beautiful Gifts . . . the kind you would t like to receive yourself i-Nothing could be more appropriate or welcome than an electrical gift. , Our display this year offers wider choice than ever at unusually attractive prices, with convenient terms if desired. The smaller appliances make ideal personal gifts; the larger ones are perfect family presentations. End shopping worries now. Distinguish your list with electrical gifts. Power Corporation of Canada PRINCE RUPERT, B.C. Irons Percolators 2-Burner Hot Plates Refrigerators Air Heaters Percolator Sett Heating Padi Waffle Irons Grills Ranges Floor Lamps