Che Bank of Canada were taken in the House of Commons yes-cron Prince Uopid ivrromM1 t tenlay when Hon. Edgar N. Rhodes, minister of finance, .Monarch of itruium ToiUy outlined the government's proposed legislation for the establishment of a central banking institution following mu"skis. reb. 23: ct--The in major features the recommendiations of the Royal King -f U" Dclttaiui. Leopold 1 Commission headed by Lord Mac- 11 i was enthroned UUy when the r.cr Crown Prince took Uic oath. . to els watched htm ride to "iumr-nt from the royal castle at CELEBRATED BIRTHDAY OF ROTARY CLUB OftmlrilM OnlJ' Zi Years Old lodi.v flu) Has 33 Out and 1 1,0,000 Members Tortay tn ihe twenty-ninth an- rv of the founding of the i iiii-n known today as Ro ll. t matlonal. At the meeting -is.- prince Itupert KoUry Club r!;iv Dran Olbson gave an ad appropriate to the occasion v hKii he emphasized Uic lm r:i -.inr- of keeping the Ideals of 'if organisation always to the fore. Ti r Dean told how the first club wa formed in Chicago in 1906. It through the loneliness of one " Paul Harris, a lawyer, who r;n n:rd by inviting two friends , m oc-aslonally at each others" ihe federal or provincial Mir The numbers Increased un- mcnta. l It lieramc a club of fifty. Thf r yrars later one of these n; i) vt-iUnK In Los Angeles told of w jl they did In Chicago. The Idea t.iiiHht and the second club was farmed l that city In 1908. In 1910 13 flubs had been formed and they t :cUier organized a national juration. In n convention nt Dul-ufh In 1012, Winnipeg. Canada, and tendon. England, were represented and it was decided to make the or nnlzatlon international. Today, the Dean said, there were 3 :iD0 flubs in the world and It was Interesting- to note that of all the r Inns formed 08& arc In existence t ;day only 2p; had handed back Mirir charters. The membership to-tf.w was practically ICO.000. In drawing attention to the Ideals of the organization, Dean Gibson l'wrd that they all revolved around Ihe word service. There was vTvire by the members In their businesses and professions, service to the community, to the country "'l finally service to the world by bringing Influence to bear in the enu.se of International peace. In 1021 the Rotary Club was for med In Prince Rupert and the Dean ' e felt sure the Ideals of busl lir., Itrn tnrinv o.nrn 1.1,. I.... II,.,.. 'hey were at that time, whether from the Influence of Rotary or 't At any rate nil the good In the world was with those who had Ideals. The close relationship be-iMui Idealism und religion was "'to mentioned and the members '"ued to not forget the latter. President John blmvn wus in :hiur Is Ciivcn Wide Jurisdiction and Scope, Including Right of Note Issue, Establishment of Branches and Taking Over of Existing Gold at $20.67 Per Ounce OTTAWA, Feb. 23; (CP) mlllan. The measure was given Its' first tending. me Hank of Canada, with head office in Ottawa, original capital I of J4.000.000 and power to establish brunches. Is given wide Jurisdiction and scope. It will have the sole right If Issue subject to a limited circulation by the piescnt -harlcrcd banks. It will gather tip and take over old sold. both. Ilia t held br,the chartered banks and" thafc'lri! the vnhlts'of W iTOance cepirtic"nt, and Is Riven powtr to require the transfer to It of gold held by any IKrson In the Dominion. All gold turned over by 'the Dominion and chartered oanka win be at wc rate of $20.67 cr fine ounce. As a eon-enuence the government will be able to realize any profit that may result from the present fixed price of $35 In the United States for gold. or a paper profit of $15 per ounce Share win bo offered for public subscription in denominations of $100 par value and no one will be allowed to have more than fifty shares. Chartered banks or their officers or employees cannot be shareholders. The Uank of Canada will act as the federal governments bank and will be authorized to make loans to Rt. Hon. W. L. Mackenzie King, Leader of the Opposition, announced that the Liberal party approved of the establishment of the central bank. Today's Stocks ( Courts; 8 (. JoIuhmmi CXi.) Toronto Int. Nickel. 23.40. Chlbougnmau. .09. Central Patricia. .02. Granada, .08.. Lake Ma run. .09Vi. Lcc Oold, .15. Columario. .77. Sherritt Gordon, 1.13. Noronda. 31.00. Macassa. 2.18. Sisco Gold. 1.112. Sudbury Basin, 1.00. Dome. 35.50. Tcck Hughes. .53. Howey. U2. Sylvanltc. 2.30. Consolidated Smellers, 159.-Distillers Seagram. 21. Walker. 47. Cosgrave. 9. today's Weather Terrace Clear, northeast wind, 28. Alyansh-Clear. calm, 22. Anyox Clear, culm, 32. Stewart-Part cloudy, calm, 27. Hazelton Clear. 20. Bmlthcrs Clear, calm, cold. Hums Lake-Cleur, calm, 7 bdow Today's Weau. v Tomorrow's Tides gentle .10:05 a.m. 17.6 ft. V Trlncc Itupcrt Clear, no. barometer. 23.24 p.m. 10.3 ft. thrrly breeze; 30.10; 1 Low . 3:54 am. 11.7 ft. temperature, 45; sea smooth. T j 17.02p.m. 65 ft. NORTHERN AND CENTRAL BRITISH COLUMBIA'S NEWSPAPER Vol XXIV . No. 40. PRINCE RUPERT, B.C., FRIDAY, FEBRUARY 23, 1934 PRICE; FIVE CENTS CENTRAL BANK LABOR LEGISLATION TO First Steps Taken In House of Commons Towards Creating New Bank or Canada For Dominion NEW KING i ENTHRONED; First steps to create the TU0HY IS CONVICTED Chicago Gangster and Two Associates Given 99 Years Imprisonment For Factor Abduction 1 - ... . CHICAGO, Feb. : (CP) Roger Tuohr and two henchmen, Gus Schaeffer and Albert Kator, were convicted early today and sentenced to ninety-nine years' imprisonment each for the sensational kidnapping of John Factor, otherwise known as "Jake Ihe Barber." ALLAN DA VIES NAMED ORANGE LODGE GKAND MASTER IN riiOVINCE 4 CHILLIWACK. Feb. 23: (CPI A. M. Davles of Prince Ru- pert was yesterday elected r right worshipful grand master of the Orange Grand Lodge of ! British Columbia at the an- nual convention here. ! ORDINATION HELD HERE Itev. J. C. Birchall of Terrace and Kev. A. Abraham of Anyox A very Interesting ordination service took place at the St. Andrew's Anglican Cathedral Wednesday morning when Rev. J. C. Birchall of Terrace and Rev. A. Abraham of Anyox were ordained to the priesthood of the church, Rt. Rev. Bishop G. A. Rlx officiating, assisted by Rev. Oliver Thome MA. of Klneollth, Rev. Canon W. F. Rushbrook of St. Peter's, Prince Rupert, and Very Rev. J. B. Gibson. dean of St. Andrew's Cathedral. The, charge to the two young clergymen was delivered by Rev. Oliver Thorne. Peter Lien was at the organ and there was a representative congregation present. While In the city Rev. Mr. Blrchcll and Rev. Mr. Abraham and his bride were guests at Bishop's Lodge. MONTREAL EXCHANGE MONTREAL, .Feb. 23: The British pound sterling was selling at $5,1 1 on the local foreign exchange market yesterday and the United Stritt 4 dollar ut $1.00 9-10. BEING ESTABLISHED BE BROUGHT DOWN IN VICTORIA London Market in Ahnoraeemeritfcy TOe un,.ea States of the fixing- of ne oouir at 59.00 cents in golu, brought a flurry of excltenvnt in Londan financial circles as the prices of gold and gold shares were quoted higher than ever In the above, an excited crowd tof brokers, dealing in gold' shares, garnered outside of the stock exchange in London, to get the latest reports on the upward climb of gold. BILL IS OPPOSED Fight Opened by New York Stock Exchange Head Against Pro- posed New Legislation WASHINGTON. D.C.. Feb. 23: Richard Whitney, head of the New York Stock Exchange, opened the fleht aeatnst the pending Stock Exchange Bill before the House of Representatives by predicting that the measure would drive stocks from the exchange and ruin mil Hons of small investors. PREVENTING OF STRIKE Efforts Bring Made to Ward Off Railway Employees Walk-Out In I'nitcd Statrs CHICAGO, 111.. Feb. 23: Fred W. Sargent, president of the Chicago and Northwestern Railway, met with railway labor representatives ( yesterday yesiernay in in an an eievenin cicvcnui nour nour ai ni- tempt to ward off a strike call In i nrntpist nt ihf nrnnnAt tn rivliirp f wages of railway employees by flf - i teen percent. TORONTO-MONTREAL TRAINS TO Bi: POOLED IN NEAR FUTURE TORONTO. Feb. 23: It is learned that a plan to pool Canadian National and Cana'- dlan Pacific Railway trains be- tween Toronto and Montreal has been completed and is only awaiting sanction from the Board of Railway Commission- ers before being put Into ef- ' feet probably about March 11. Frenzied Trading PURSUING ABDUCTORS Bloodhounds Chasing Kidnappers Of Daughter of Farmer In Virginia State FREDERICKSBURG, Va.. Feb. 23: Leo Musante. farmer, having told the police that his 14-year old daughter had been abducted from her home, bloodhounds are now on the trail. : - FRENCH GOV'T OFFERS REWARD Endeavoring to Solve Mystery of Death of Witness in Stavisky Banking Scandal PARIS. Feb. 23: The French government has offered a reward of $6,500 for information lehdlng to the arrest of the killers of' Albert Prince who was held as one of the chief clues to the SUvlsky "Ba- yonne Pawn Shop" banking scan- dal, rr i f 1 it Ylftl Ol LUFlV KirLr Ic Sfnrf aH 1 j Toronto Youth Faces Jury on Charge of Murdering Father Of Fiancee Feb. 23: The trial TORONTO, sUitUlUUi iTW. M.HAAIU U iai of Crejghton "Curly" Kirk, aged 21. on a charge charge of of manslaughter manslaughter arls - l lng out of the death of W, A. Slm.l faUier of accused's fiancee, Betty J Sim, opened before an Assize Court Jury here yesterday. Wheat Prices Winnipeg I May, .67?i. July, .68',,. Industrial Relations Board With Arbitary Powers Being Planned Will Have Authority to Establish Wage Scales and Adjust Working Conditions in All Fields of Employment Adam Bell to be Chairman VICTORIA, Feb. 23: (CP) Wide arbitrary powers for the British Columbia government's proposed industrial relations board will be sought in a bill to be sponsored in the Legislature this week "by Hon. George S. Pearson, minister of mines and labor. The bill is designed to furnish authority to the board to establish wage scales and adjust labor conditions In all fields off employment According to fore-l casts, the legislation contemplates an eight-hour day and six-day week. I Adam Bell of Revelstoke will be chairman of the board. iMANWaIT I WOIlNFiFD S'abbing- Affray Late Last Night At Post Office Corner As a result of an altercation which started in the Central Hotel beer parlor and continued In the street after closing hours, Arvld Johnson was arrested late las: night and Is now being held In the city Jail on a charge of unlawfully wounding Alex Salman who is nursing knife wounds over the heart which, fortunately, are not regarded as serious. A pocket knife Is said to have been used In the attack, the most extensive cul which Salman sustained having been a slx-lnch slash. His clothing was also slashed. The Incident, according to the police, occurred at the corner of Se cond Avenue and Seventh Street Johnson. Salman and others present at the melee were taken to the police station after the affray had been reportd. Salman was attended by Dr. J. P. Cade and did not have to enter hospital. The police were called by Vernon Lehto. Johnson appeared before Magis trate McClymont this afternoon and was remanded for eight days on an unlawful wounding charge. INSINUATION OF RED DEPUTY MAKES UPROAR IN BELGIAN CHAMBER BRUSSELLS. Feb. 23: The Chamber of Deputies was thrown into an uproar yester- day when a Communist named Lahaut Insinuated that the death of King Albert had not been accidental. I pnQfil'nin nV C1I0UI 0lllr UJ y y N. lCaraPlia llOV I . All American Cable Co. Advised of Action by Central American Republic NEW YORK. Feb. 23: The Ma- QUEEN WAS OVERCOME Tragic Scene Yesterday in Brussels During Funeral of Monarch BRUSSELS. Feb. 23: Queen F.U-abeth. overcomewith emotion and iefylng royal cu"st6ms"requlrlng her o remain in "the" fiacKgrouria. fr II .o her knees before the catafalque in which the body of her husband, he late King Albert I of Belgium, ay and wept bitterly. The Incident ;ccurred during the ceremonies in onnection with the King's funeral yesterday. ARE LOYAL T0JITLER ermany's Christian Jews Bark Up Government in Fi?ht Against Paganism BERLIN. Feb. 23: At a meeting if the National League of Christian Non-Aryans, Germany's Christian lews re-afllrmed their loyalty V he German government on fighting paganism. Government Helps ? Back to Land Movsl In Saskatchewan REOINA. Feb. 23:- The Saskaf-chewan government has given mq mentum to the Back-to-thcLaii movement by co-operating with thlj railways and sectional governing- ' bodies to populate uncultivated fer tile areas of Northern Saskatchc- ' wan. Ontario Groom Killed by Train Fileno Pompeo, Aged 27, Marrltd Only Three Months, Loses lib r . Life Near Port Credit PORT CREDIT. Ont.. Feb. 23: Fllcno Pompeo. aged 27. Cooksvlll bridegroom of three months, was Instantly msianuy killed Kinea when wnen his nis car car was was struck bv nn Canadian Na- tlonal freight train early yesterday morning. WASHINGTON'S BIRTHDAY: STOCK MARKET CLOSED NEW YORK. Feb. 23: All United nagua office of the All American states stock exchanges were closed Cable Co. has been advised that yesterday In commemoration of censorship has been established In the birthday of George WaslUn;-Nicaragua. jton, Father of the Republic.