? m 7 SUPPERS ! s Christmas Slippers that " will please the most discriminating n X LflTllliltlilIBtlll!:i;jlil?3JltIIMIiri DAILY EDITION , Never before have we shown such a selection. . . Vhy not hate us lay a pair aside while the sizes are complete? SHOP AT j The Family Shoe Store j 1 Third Avenue LIMITED Phone 357 Where Service aVid Quality Excels THE DAILY NEWS. PRIXCE RUPERT - BRITISH COLUMBIA Published Every Afternoon, Except Sunday, by Prince Rupert Dally News, Limited, Third Avenue H. F. PULLEN Managing-Editor SUBSCRIPTION RATES City delivery, by mall or carrier, yearly period, paid In advance For lesser periods, paid In advance, per week By mail to all parts of British Columbia, the British Empire and United States, paid In advance, per year By mail to aHother countries, per year ADVERTISING RATES Local readers, per Insertion, per line Classifled advertising, per word, per Insertion Transient display advertising, per Inch, per Insertion Advertising and Circulation Telephone ews Department Telephone Member of Audit Bureau of Circulations IS GREAT DISTRICT 98 . 86 $5.00 .10 3.00 9.00 .25 SJ2 1.40 Wednesday, Dec, 121934 having many lakes and a good ' water supply. Mrs. Henkel also mentions the fact that at the present time there are about five carloads of timothy seed at the Francois Take xrf- Francois-Ootsa Lake Area Impor- cleaning plant awaiting to be tant Enough to Stand by Itself cleaned. The Rennie seed firm ; bought this seed for 14c per pound Taking exception to Inferences 1 in September before the seed was that may have been made that the I out of the fields. Other seed Is also Francois-Ootsa Lake district is In- being taken care of by this seed eluded either in the Bulkley Valley cleaning platn under the Francois-or the Lakes District, Mrj. J. w.'Ootsa Lakes Seed Orowing Associa-Henkel of Francois Lake writes to! Hon. the Dally News pointing out thatj Tourist attractions also put the the Francois-Ootsa Lake district Francois-Ootsa Lake district in a covers an area of approximately class by Itself, three thousand miles, almost 2000 j This district should not be con-of which Is agricultural land, and : fused, Mrs. Henkel says, with the that, as such, the plateau, ranging : Lakes District south of Vanderhoof. irum ztw to jwi xeet aiutuae, is lm- j , portant enough to be mentioned as ; " an area by Its own name. Dr. H. C. Wrinch of Hazelton who Mr?lfnT?UIake dlstrict' been on a trip to Vancouver to Mrs. Henkel points out. commences 1 att.nH . ,. " g ' the econom,c aitew miles south of Burns Lake? station. The area Is very fertile and advlsory boa"l of which he Is a productive, being somewhat simi-' member. arrived in the city from Vccording to agriculturalists, to the south on the Pnnce George to-Rf!Sr Columbia Peace River day and will proceed to the inter-Iththe advantage, however, of lor on this evening' train :iZB2JilIIlfliBSli1'jBi,.111.BtB;fBJ1:iM j Gifts for Everyone 5 at Demers Coats, Raincoats Dresses Lingerie . Hosiery. Scarves Handkerchiefs Pillow Slips Crib Blankets Shoes, Crib Sets Bridge Slippers Knitted Suits 'Blouses Kiitionas Gloves Sheet Sets With $5.00 Spent We Give 1 Doll Free With $10.00 Spent We Give 1 Pyjama Doll Free Every Cent .Means a Vote liv the Doll Contest 1 1U LIAIL1 MEWtl Wednesday Dtnetnfc- Banker Urges Proven Methods In Business Revival Efforts BANK OF .MONTREAL ANNUAL MEETING H rsir Charles Gordon, President, Sees Consistent Kecovery In Canadian Business Reviews National Problems Government Kailtray Losses b! Greatest Leak in Canada's Finances. i "IV. A. B05, Joint General Manager, Diseases Itank's leaning Policy S Credit Is, and Always Has Been. ATallable For Sound Commercial r Purposes First Duty Is'to Depositor. S Declaring that Canada had mo?- that depositors tend to Invest when " ed forward consistently on the roadjiheir deposit balances accumulate 110 recovery, oil inanes uoraon. in in ior a great nasi, money in me his oresldentlal address before shareholders of the Bank of Mnn- ttftreal ttreal at at their their recent recent annual annual meet " , , , . , - --,'. meet- . . " I e variety of styles and colors enables you to select Just the adnfrence to Mtd and 5 pair to suit the one for whom the gift is intended. , prQven proven methods methods ,n in eM efforts under- undef, J Canada. "It Is Instructive." he said, "to seek reasons why Canada's progress has been more steady and pronounced than that of many other countries. Among the reasons I think we must count the fact that we hate not been so ready as have "It is a reasonable deduction," the president continued, "that the wisest course for us to follow is to give single-minded devotion to re viving business by the methods which experience has shown to be fundamentally sound and not to Interfere with the Improvement now under way by applying new and un tried theories and enactlne ham pering legislation. There Is com forting statistical evidence that the clouds are lifting, and comforting evidence, too, that our resources are so large and so varied that when onedoor of opportunity closes an other always opens." Bank's 'Loaning Policy Speaking of the course of the Bank's business during the year. Sir Charles frankly admitted that a larger proportion of the Institution's assess than the directors might like to see had perforce to be Invested in high-grade securities, for the simple reason that customers were in a large measure able to finance the present volume of business from their own resources. W. A. Bog, who Is Joint general manager of the Bank with Jackson Dodds, said, in discussing. this subject: "We never lose sight of the fact that lending money for com mercial purposes is the back-bone of our earning power: we are readv and always have been, to consider applications for loans which fall within the category of nrudent banking risks. We have emphasized this feature in advertisements In recent months In order to contro vert a widespread misconception that there Is a lack of banking credit. These advertisements did not announce a new policy, or even the revival of a policy; they simply restated a policy from which the Bank has at no time departed, namely, that of affording every rea sonable accommodation to com- I mercial borrowers. We might add in fhis connection that the total of credits authorized for our borrowing customers Is very lareelv In ex cess of the amount which they have found that they can use to advantage." Bank's and Depositors' Responsibilities Referring to the responsibilities of the Bank to Its depositors and! the duty of he latter to use their influence to prevent any undermining of the banking structure of tne country. Sir Charles Oordon said: 'The total of assets under administration by our chartered banks is nearly three billions of dollars. In the banks of Canada there are some 4,700,000 depositors, our own bank having over a million. Depositors received during the last year some $37,000,000 in interest. The Interest which shareholders In the banks received was $12,000,000, I think we may therefore consider that this vast body of depositors, who outnumber the neonle who voted nt th last general election in Canada, are vitally Interested In the strengthen ing or our banks and the mainten ance of their earnings." in amplification of these state ments, Mr Bog said that the aver bank represent the sole bulwark against misfortune. "Borrowers as a class." he said, are properly . v,n ers; as a rule, fairly well-to-do mot seldom wealthy But the average ct taken towards business revival in (post tor is relatively a poor man our first duty is to protect him "It is well to bear in mind tha had our banks operated unuei the unit system as In the United S'' there would have been many failures In distressed districts. he General Manager continued In contrast to what happened tr. tira , SOmr other trt cjplr 9 nanaM In'mimtrv th depositors' funds in ililf liiraiiki ine control or industry, or in eco- Canadian banks were always avail-inomlc experiments of one kind and able no one was kept waiting for ; another." his money. The ultimate loss to de In Great Britain, whose returning Dosltors In rlowi hant in ih prosperity he termed an Inspiring United States -will be not less thn oojcci, icsoon. me peopie naa raaae .uw.umu.uw. sucn a loss app.lea a united effort to nromote business. to Canada, on a basis In this single-minded objective, he ; population, would amount to $160. saia, exiraneous reiorms ana ex- uuu.uoo. periments had been side-tracked, The Railway Problem and there had been no attack on! In discussinz national nroblems. private initiative. 1 the President oaid nartlcular atten- tion to the railway problem. The Government railway losses. Sir Charles declared, constituted the biggest lead In the country's finances and the greatest deterrent to her financial recovery. "It is inconceivable "he said. "that there should be undue delay In adopting effective remedial mea sures, we have to remember that today railways face extraordinary competition. Electricity, by carry ing power to the sources of raw materials, has dispensed with much hauling of these materials to power plants, while canals, coastwise shipping, aeroplanes, automobiles and tracks jiow all compete with the railways. Railways competing, with each ojher can never succeed j In adopting a common policy to : meet these other forms of compe-' tltion. The task before us Is to co- i oridnate all forms of transportation, not by the throttling of competitive ivstems. but by the elimination of useless competition by means of Intelligent direction. A first step Is the co-ordination of our railways. A tcond step Is the regulation of all forms of transportation under a Federal Board of Transportation Jommlssioners vested with powers similar those of the Board of Railway Commissioners, but on a Aider and more comprehensive cale." Unemployment Turning to the unemployment luestion. Sir Charles declared that lever before in the history of Can-tda or the United States had the noblem of unemployment and dl- ect relief loomed so large as It did oday. "It has become he said, "the greatest problem we have had to i'ace since the war." The problem in Oreat Britain." he felt, had been tffMtith in almost thorough manner. "Some of us thought," he said, "when we first heard of old age pensions, unemployment insurance misnamed the dole and other measures, that Parliament was going too far in Introducing social legislation of this nature. It has taken some 25 years and many acts of Parliament to construct In Oreat Britain-the or ganization which Is now carrying on so effectively. It Is not a han- hazard way of dealing with the situation, but. a highly organized department of government whose function It is to distribute to those who should have it the relief to which they are entitled. "Legislation to deal with this whole subject will have to be undertaken by the Government, nf Canada and the United States; otherwise', the problem will get out oi nana and it will be imnossihle in control the proper expenditure of me vast sums which are being voted for the purpose of unemployment relief." TERRACE STREETS IMPROVED TERRACE, Dec. 12:-Tho Village Commissioners held their regular monthly meeting on Thursday when the month's accumulation of business was cleared off the slate. Considerable Improvement 'has Wn m n Ho in t V. .ijn . i ... . age deposit was relatively small, and (ling during the past month. I 1. strong for Life Insurance" ""XES, sirce, if it weren't for Life Inmrancc there wouldn't i& s i much of a Chri.tmas in a lot of homtn I know, drrlarnl Santa Claus m a radio niwaage from hi"iSorth Pole lieadqnartlrjy "Think of the many children who have loU their Daddies, suggested Santa Clan. "GoodneM kuowi, they deserve to have the happiest Chritma oili!e, hut I find it is a mighty hard job tq remember them all, year after year. MOf course, there is always a happy Gtriitma whercverDad widely left fome Life Insurance money. Then I am able to make urc ' that his family get turkey, plum pudding ami a tree.full of gift. "That why I'm strong for Life Insurance. It helps to make every Christinas happy for everyone. meeting last week. Both the presi dent and treasurer, George Bever- Idge and W. II. Burnett respectively, having left the district, it was necessary to call upon Harry King, as vice-president, to take charge of the meeting which he did to the satisfaction of everyone present. There was a fairly good muster and W, A. Klrkpatrick was elected treasurer pro tern. Considerable Interest Is being shown In the circular, recently received, which describes the plan of land settlement that Is sponsored by Major Hornby. It was thought that something tangible should result In the way of encouranlnir people, both Canadians and others, who can make a living on the land and are wlllljig . to.rnake the attempt. Terrace Is well suited to the settlement of a community of people who prefer small farms and The classroom of the Junior Matties was the scene of a xeenly contested plebiscite this mornlnn over 1 the Saar Valley question. After the consideration ol all the fact ex pounded In a debate between II. Fisher for Germany and M. Ellison for the League of Nations the question went to the vote, rctultlng in the defeat of Germany bv a score of 14 to 11. Mrs. Frank Morrir , who has been fcpcndlng the past few weeks at j Usk visiting with her son-in-law and daughter, Mr. and Mrs. Arthur, Alger, returned to the city from1 the Interior on last night's train. orchards and, thouah no definite steps have yet been taken locally, it w niceiy tne subject will be further' considered, The annual. meeting will be! held on January 15 when officers and committees for the coming year will be elected. 14714 Life Insurance ' iff Guardian of On of m S erl of Mttff Terrace Board France Favored In Is In Session School Vote On Ilonrby Plan ot Land Settlement ' Dlscimrd Marry King Preside TERRACE, Dec. 12: The Board of Trade held Its regular monthly Canadian Howes Span tnit by Life Imuran? Companitt Question of Saar Mrs. Eliza McKay Of Skidegate Die Graduate of Ccttulrrtra lustltutrl Talented Planht and Popular Among Youni Vf0P'f SKIDEOATE. Dec. 12 -Mr Elu. McKay of Skidegate Mission passctj away at htr home there after 4 lengthy lllnr She was well knowrj on the north wt and was vfDl popular amone the vounaer ooplf She was a uraduate of Coaualfetrnl Institute a..d nn accompli"1! pianist. NEW ROYAL HOTEL J. ZarelU, Proprietor "A HOME AWAY FKOM HOME" Kates S1.00 np 50 nfaoms. not & Cold Wlr Prince Itupert, B.C. Phone 281 P.O, Box 1M