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.15
Wednesday,
Dec
18,
1931
WALLACE
ORCHARD
RETIRES
Wallace
Orchard,
local
agent
for
the
C.
P.
R.,
is
leaving
his
residence
in
the
city
of
about
thirteen
years
he
has
made
a
name
for
himself
as
an
able
and
courteous
official,
the
size
of
the
House.
No
doubt
the
present
government
will
contemplate
some
readjustment
which
it
will
hope
will
give
it
an
Advantage
m
the
ensuing
general
election,
and
BANK
HEADS
LOOK
FORWARD
Particular
attention
is
drawn
today
to
the
renort
of
the
addresses
of
Sir
Charles
Gordon,
president
of
the
feank
of
Montreal,
and
Jackson
Dodds,
general
manager
of
the
same
institution,
given
at
the
annual
meeting
of
that
institution.
These
financiers
apparently
look
for
a
steady
climb
hack
to
a
period
of
prosperity,
a
climb
extending,
over
a
period
of
years.
Mr.
Dtjdds
shows
that
it
took
seven
,
years
for
the
country
to
rise
from
the
low
of
1921
to
the
high
of
1928.
He
urges
the
curtailment
of
public
expendi-'
tures
and
the
encouraging
of
people
in
going
back
to
the
land.
Neither
Sir
Charles
nor
Mr.
Dodds
would
commit
themselves
as
to
the
immediate
outlook
but
both
spoke
with
confidence
of
the
ultimate
return
of
the
country
to
a
per
i
iod
of
prosperity.
The
return
to
a
more
prosperous
condi
,
tion
c
cneiT-h
cl
largely
on
the
International
situation.
The
Fish
which
made
Prince
RupertFamous
U
upert
Brand"
SMOKED
ACK
COD
Prepared
Daily
Ry
Canadian
Fish
&
Cold
Storage
Co.,
Ltd.
PRINCE:
RUPERT,
R.C.
being
ushered
In
by
the
profit
arts
this,
judging
by
experience,
nrobably
will
add
several
j
ing
from
the
premium
on
New
York
more
members
to
the
list.
If
the
government
wants
to
do
i
funds
and
from
consolidation
of
something
really
creditable
in
this
direction
it
will
reduce
both
the
membership
and
the
sessional
indemnities.
RL.1U1C
THE
DAILY
NEWS
Wednesday.
Pengmbn
ig
Bank
Heads
Say
Canada
Strong
in
Day
of
Trial
At
Annual
Meeting
of
Bank
of
Montreal,
Sir
Charles
or-1
don
Warns
Government
and
Municipalities
Against
Rising
Expenditures
Considers
There
Is'
Every
Ilea-son
to
Look
Forward
With
Confidence
to
Canada
Emerging
Stronger
and
More
Prosperous
Than
Ever
From
the
Conditions
That
Now
Prevail.
i
Jackson
Dodds,
Joint
General
Manager,
Points
Out
Inv;
potencc
of
a
Central
Bank
in
Maintaining
a
Stable
j
Price
Level
as
Demonstrated
by
United
States
Ex
perjence
Urges
Adoption
of
Policy
by
WhiclvUnem-l
ployed
Will
Be
Made
Self-supporting.
j
The
economic
setback
which
companies
for
the
purpose
of
re-Canada
has
received
has
arisen
during
overhead
expense
and
ef
lareely
from
extraneous
and
not
In
j
fectlng
more
economical
distribu
teinal
causes
Sir
Charles
Gordon,
tion
of
the
product.
He
said
events
ecus
and
not
Internal
causes.
During
the
post-war
period
the
expansion
of
our
Industries,
generally
speaking,
has
been
on
a
modest
scale.
We
have
not
Invested
such
a
large
volume
of
our
capital
assets
In
unproductive
extensions
as
has
been
the
case
in
the
United
States,
and
our
banks
and
financial
institutions
have
not
had
their
resources
tied
up
In
frosen
loans.
Fortu
nately,
under
our
banking
system
our
banks
are
prohibited
from
lend
ing
on
real
estate."
The
Canadian
Dollar
Me
referred
to
the
numerous
bank
failures
In
the
United
States
nd
to
the
hoarding
of
money
'here
in
safety
deposit
boxes
and
remarked
"Banking
in
Canada
has
followed
the
even
tenor
of
Its
way.
The
resources
of
our
banks
are
'arge.
credit
supply
abundant,
note
circulation
keeps
pace
with
trade
-novement
time
or
savings
deposits
are
at
a
high
point,
and
the
superiority
of
the
branch
bank
system
over
unit
banks
has
again
been
demonstrated
in
this
period
of
business
depression."
Usttn
to
Ctntttl
EktVic
Vtftbondi
every
Tutsday
ytnrng
over
Crfe-w4e
network
-TUBE
SUPER-HETERODYNE
ft?
POPULAR
.
.
.
-
fif
CONSOLE
As
....
,i;)
.
a
ililftS-2I
fmpbti
mith
Miff
.
VJ2.
C
thetrit
ify
National
Emergency
"Latest
Information
obtainable
Indicates
approximately
rtfinnnn
RED
of
an
adjusted
foreign
trade.
In
closing
his
address,
Sir
Charles
said:
"I
would,
however,
say
to
those'
who
feel
themselves
more
or
less
at
a
lose
In
estimating
the
future
that
we
have
one
advantage
in
the
Dank
of
Montreal
possessed
by
few
business
Institutions.
We
have
the
advantage
of
an
intimate
record
in
our
own
annals
of
the
course
of
trade
In
this
country
for
the
past
113
years.
Looking
Into
that
record
we
see
reflection
of
periods
of
great
prosperity
and
reflections
of
periods
when
conditions
and
outlook,
not
only
in
Canada
but
throughout
the
world,
were
blacker
than
any
we
have
experienced
during
the
past
two
years.
Looked
at
In
the
large
the
history
of
our
country,
as
reflected
in
the
history
of
your
Bank
has
been
one
of
continued
progress
and
advancement,
and
I
have
not
the
slightest
hesitation
in
reiterating
the
views
expressed
at
our
Ah-
previous
storms,
so
now
there
Is
every
reason
to
look
forward
with
confidence
to
emerging
stronger
and
more
prosperous
than
ever
from
the
conditions
which
now
prevail."
General
Managers'
Address
Jackson
Dodds,
Joint
gensrul
manager
with
W.
A.
Bog
in
presenting
the
balance
sheet,
said
thnt
Canada,
being
dependent
primarily
Jon
the
products
of
the
farm,
forest.
While
expressing
the
opinion
that
'
mines
and
fisheries,
and
being
one
"anada's
large
foreign
obligations
of
the
largest
exporters
per
capita
Trould
tend
to
prevent
an
early
re-
In
the
world,
had
suffered
severely
urn
of
the
Canadian
dollar
to
par.
from
the
dislocation
of
Interns-he
said
he
had
no
doubt
that
It
tional
trade.
Referring
to
the
fact
would
return
to
par.
As
factors
al-
that
the
downward
movement
of
eadv
working
to
that
end
he
re-
commodity
prices
had
reached
remarked
that
the
adverse
balance
of
cord
levels
during
the
year,
he
said:
trade
In
theUJ
months
to
Beptera-
"We
know
from
recent
economic
ber
30
had
been
reduced
to
$35.-
hrftory
In
the
United
States
some-
lasti
MADE
IN
unemployed
in
Canada,
as
at
October
1st,
not
including
200
000
additional
in
drought-stricken
areas.
"Canada's
national
co-operative
task,
is
to,&ed,
warm
and
clothe
more
than
a
quarter
of
a
million
people
who
are
now,
or
shortly
certain
w
ue,
m
;
of
public
sympathy
and
assistance
this
winter.
We
are
Our
brother's
keepers.'
"
A
D
I
A
N
CROSS
TOUR
NAME
ADDRESS
Uie
collapse
of
the
stock
market
boom
In
1019.
reveals
that
while
a
Central
ifcnk
may
atsltt
in
control
',
ling
the
amount
of
money
avail-1
able.
Its
Judgment
Is
not
infallible,
i
nor
can
It
force
individuals
or
In-
j
itltutions
to
use
money
wisely."
!
whlch
public
expenditure
cannot
proceed
with
safety,
even
when
the
object
Is
to
create
temporary
employment
In
this
country
that
limit
Is
how
in
sight.
A
halt
must
be
called
to
mounting
expenditures
Indeed,
has
been
celled
In
some
cases.
The
burden
of
taxation
eats
up
capital
resources,
saps
energy
and
enterprise,
and'
creates
still
further
unemployment."
Concluding,
he
said
in
reference
to
relief
meanures
that
while
taking
care
ot
those
In
Immediate
distress,
we
should
work
In
the
direction
of
making
as
many
as
possible
of
the
unemployed
self-supporting.
The
best
way
was
to
assist
people
to
establish
themselves
on
the
land,
as
aver
(he
course
of
years
diversified
farming
had
proved
the
most
de-
mq
joy
with
GENERAL
ELECTRIC
Hadio
that
offers
PROOF
of
Superior
Con
plHUSTMAS-lhe
lim
of
tnemorsble
mu.ic
and
Lesullful
sk-oM
J
caroh--i.
the
time
tvlien
your
fumlly
will
,,,,,reciate
"
tUii
the
"
gift
of
a
General
hlcrtric
Radio.
To
bring
out
the
full
rkliiiei.
of
Yuletide
muiic
you
need
the
tone
that
only
General
Llectrio
Radio
ran
offer-lone
that
has
Hon
the
overwhelming
endorsement
of
rnunic
critics
in
a
recent
series
of
competitive
tets
with
other
leading
radios.
1
?ie
.
r?0?
tVi,,e,,CTe
Sf
OHn
cm
when
yu
hr
the
General
Klectnc
Radio.
Then
you
v.
ill
re.liae
the
lading
joy
that
Full
Rauee
Reception
can
mean
in
your
home.
You
will
know
what
General
Electric
resesrcli
with
all
its
vital
develojimenu-mesns
to
radio
entertainment.
G.E
Radio
cshlneu
were
never
more
hesutlful.
Prices
are
the
lowest
id
hitto
mo
4
,
V
"n(V
,
c,n
"V"
on
Convnl
tsrms.
See
and
heat
the
Various
dels
on
display
and
for
arrange
Chritma
i
delivery
delivery
i
now.
CANADA
Northern
British
Columbia
Power
Company
Limited
CANADIAN
GENERAL
ELEC
TRIG
CO
a
MIMtSTRIl
OF
L
A
i
n.
Atuth
your
fontflbuttem
nd
htti
m
to
.Ah,
bank
or
d
I
h
ort
brant
h
f
X.
Canadian
Hti
Cf
Botfttr.
or
me
Ban
ol
Montreal
,
naa
orougm
into
strong
rener
a
president
j
of
Central
the
of
oencmbie
"
compared
with
$100,000.-
ihlng
Impotence
a
sou:.:
ui
h
declared
at
the
annual
meeting
of
situation
which
in
any
case
would
i
.
.
...
-.
.
th
hunk
At
thf
same
time
he
Is-
sooner
or
later
have
called
for
dras-
i
.
.
K..
....
.
.
..
......
.
.
cv
--.
,
...
.
tnat
m
tne
me
monins
to
ucwDer
ievci.
n
cxaiiuiMnui;
ui
uic
course
caiva,
u
anoura
not
n
j.ilo.,
Duorf
wiminijt
ti
toHral
.-.rr.ttn.
Hr
rpmMital
mMsurps
naniMV.
tne
.
...
................
clal
and
municipal
authorit
ies
us
j
destructive
competition
between
to
the
necessity
ior
curtailing
pub-:
the
two
great
railway
systems,
a
11c
expenditures.
Canada's
large
I
ettlement
of
which
on
a
satlsrac-
the
Citv,
having
been
superannuated
by
the
Company.
Hisiforeln
obWpMon,
are
factors
that
tory
and
permanent
basU
was.
he
;ii
ha
..oTvofro,!
l
o
wof
rw:
P"nt
an
early
return
of
:
declared,
an
absolute
necessity
for
the
Canadian
dollar
to
par,
he
said.
:
the
future
well-being
of
the
couh
Jackson
Dodds,
General
Manager,
'
try.
Joined
with
the
president
in
urging
j
"In
considering
the
various
phases
a
good
citizen
and
a
valuable
friend.
He
will
be
missed!
a
conservative
policy
of
expend!-;
of
the
economic
setback
which
Can-
more
than
many
who
may
seem
to
have
had'
much
more
turc
Both
Slr
Cnar,e
and
Mr
wlliant
raNai.o
uooas,
wnue
aecnnmg
to
maKe
any
presslon
That
improvement
in
the
Canadian
situation
was
conditional
upon
an
Improvement
in
the
Interna-
lature
for
Victqria,
and
the
Victoria
Times
discusses
it
as
tional
situation
was
emphasized
by
follows:
Reginald
Hayward,
M.P.P.,
thinks
there
are
too
many
members
of
the
provincial
legislature
and
that
it
is
time
both
speakers.
Sir
Charles,
while
declining
to
prophesy
as
to
the
immediate
outlook,
said
that
taking
the
long
view
the
number
was
pruned
down
to
reasonable
proportions,
j
-
There
is
every
reason
to
look
for-Mr.
Hayward
is
not
alone
in
this
belief,
but
it
is
somewhat
1
ward
with
confidence
to
emerging
ftiomificAnt
that
thrsp
who
sharp
it.
with
him
novor
a
i-p
stronger
and
more
prosperous
than
articulate
on
the
subject,
not
to
speak
of
other
extravagances,
when
times
are
good,
when
revenues
are
expand
ever
from
the
conditions
that
now
prevail."
and
Mr.
Dodds
remarked.
'It
would
be
rash
Indeed
to
speak
ing,
in
fact,
when
"everything
is
lovely
and
the
goose
with
assurance
of
the
prospects
of
hangs
high."
Yet
that
membership
of
forty-eight
is
just
i
the
coming
year,
but
it
is
surely
as
excessive
when
times
are
pond
as
it
is
when
timps
arp
Ipermlssable
to
say
that
when
lnUr-
bad.
Indeed,
British
Columbia
has
long
had
more
members
l"a"nl
'IAJ
nPJ
ui.
tne
icgismiuic
man
u
iitiB
ueeueu.
inuiy
caia
agu
il
colijeoTencimBrOWt
rBdirwIIJ
hadNthirty-eipt;iei8laRrr3:
In
ten
years
the
number
had
be
among
the
first
to
benefit."
jumped
to
fortyseven,
and
the
solitary
additional
member
sir
Charles
Gordon's
Address
Was
Eaaea
m
recent
times.
Sir
Charles
Gordpn.
in
presenting
uur
provincial
representation
is
reaisinouiea
aner
ev-"e
annual
repon
10
me
inare-verj-
Dominion
decennial
census,
and
it
is
now
an
old
story
1
h0,ds-
sPe
ot
the
severe
teces-that
the
government
of
the
day
always
enters
into
the
Z!!SF&
consideration
of
the
problem
with
the
intention
of
reduc-
Dominion.
He
made
particular
reins:
the
number,
and
winds
un
bv
increasing
it
Partv
ex-
ference
to
farming,
lumbwinc
pediency,
of
course,
is
responsible
for
the
failure
to
reduce
;
mining,
and
newsprint
manufac
ture,
remariung
in
regara
to
tne
latter
that
there
was
reason
to
believe
that
a
better
condition
wa
.
,
.oi-t
them
utne
ich
monm
an
nr
hiiMnMS
ana
naninn
in
mil
1
not
a
rami
wni
nHmorii,
ada
has
received."
he
continued,
"It
it
Important
to
remember
that
they
forecast
for
the
Immediate
futurejhave
arisen
largely
from
extrah-
expressed
confidence
In
the
OF
LEGISLATORS
ent
strength
being
shown
In
Can-
At
a
time
like
the
present
when
it
is
desirable
to
cut
ada
the
fttC
ot
the
world
de
down
expenditures
there
are
many
who
think
the
number
of
legislators
might
well
be
decreased.
The
matter
has
been
mooted
by
Reginald
Hayward,
member
of
the
legis
exceai
Ot
uonieaiic
expui
us
uvci
mi-
cuuiiuy
iiuui
wti,
mc
jreai
ui
puat-
t
ports,
so
that
it
would
seem
that
war
depression,
to
1B28,
the
crest
the
country
had
reached
the
point
i
of
their
period
of
prosperity,
and
Twenty
Years
Ago
:
In
Prince
Rurxrt
December
IS,
1911
i
Tom
Willis
iftirnhurtman
i
ac
.
Must
Call
Halt
to
.Public
jnurrow
Qtcape
from
owli
l.iv
;,.
Expenditure
;
when
he
slipped
on
the
-i
n
k
:
Remarking
that
we
in
Canada
j
First
Avenue
near
the
Otiui
B
;
should
be
thankful
that
we
are
as;antj
ft
a
distance
of
23
tee;
tor.
well
off
as
we
are.
he
declared
Uwre
j
turta
"
n(fl
m
,)t,
was
no
gainsaying
the
fact
that
buriness
had
been
at
an
extremely
I
roc)u
'"
"e
'
01
low
ebb.
and
added:
"The
situation
'
Hi
at
the
Prince
Rupert
OMifr.
can
only
be
aggravated
by
contlnu-
Hospital
by
Dr.
li
E
Trenuvne
:
:
Ing
to
pile
up
more
and
more
fe
jt
u
expected
that
h
will
m-w.
deral.
provincial
and
municipal
debts.
Individuals
who
appreciate-
orville
has
succeedm
m
tu
the
need
for
economy
In
their
own
1
tempt
to
keep
a
motorics
uirsLp
expenditures,
and
are
striving
toon
an
everrke!
In
tlje
n.
during
.
get
out
of
debt,
are
too
prone,
para-
jfio-mUe
wind.
doxlcally
to
condone
and
encourage
i
public
outlays
of
borrowed
money
J
Henry
Pales
Oordnn
n
kr
it.
ignoring
tne
uct
tnat
it
man
m
globe
trotter.
Is
a
visitor
.
b-
t.
nual
Meetings
In
years
past
that
the
end
be
repaid
by
themselves,
Just
as
the
country
has
weathered
There
is
a
definite
limit
beyond
C.
N.
It.
TKAIXS
Mondays.
Wednesdays
arrt
Fr!
days
..
.
3
P-t
vr
-T.!.
Tu'esAfirTriursday
and
Bi'ur
days
10
40
sjs
The
Dally
News
e
n
be
par-
chased
at
Post
Office
News
Stand,
J
Granville
St.
Vann-uwr
Karl
Anderson.
Prince
ocoie.
B.C.
R.
W.
Riley,
Terrace
B.C
General
Store.
AMox
Smlthers
Drug
8ttir
Smith'
ers.
B.C.
DC
IUXE
$107.59
10-ube
Spt-Helr'
JUNIOR
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l-ltibe
Sgper-Helr"
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iei
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I
M
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