ft El PAoii rovn I For - -DA 1 I I UAL LUMBER Ruildincr I ! o iv I ouppiies Phone PHILPOTT EVITT & Co. Ltd. 651 and 652 FRESH .'MILK AND CREAM DAILY VALENTIN DAIRY Phone 657 COAL TO PLEASE EVERYBODY Satisfaction Guaranteed FAMOUS EDSON ALBERTA COAL BULKLEY VALLEY COAL VANCOUVER ISLAND COAL PRINCE RUPERT FEED COMPANY PHONE: 58 and 558 I Don't Put a Dollar On Any New Car Until You See the . . . New Chevrolet S"olid Steel Turret Top Perfected Hydraulic Brakes Improved Six Clyinder Motor Fisher No Draft Ventilation Knee miction -Front Wheels Kaien Motors Limited CHEVROLET DEALERS Third Ave. Phone 52 Hyde Transfer Coal Wood Cartage Storage PHONE 580 . Office 315 Second Avenue I ECONOMIC EXPERT SAYS ON.R, IS REAL ASSET TO DOMINION OF CANADA (Continued trom Paee 1 enoueh to uav his n.- hm tht. jcost of all materials used, and lo muimam nis iaciory in cood us able condition, payinz all taxes and vestment.' But the man who damns says, 'Oh no, earned $6,000 on your $100,000 investment and therefore your Dlant has lost you $4,000 and your business must issue a note to you for this $4,000 loss and pay Interest cn it.' Tills goes on for a neriort of years and you will see that in a re-1 lot 1 1 -! rUn..4 It 11 1 I . . t aiijL t tunc wie Business the depression In 1931, paid all Us wages and materials on operating account, taxes and all items of expense except Interest on Invested capital, including substantial nro- vision for depreciation and retirement of property and amortization of bond discount in fact all items of expense whether immediatelv . needed .d in ln cash cash or or not not, and and had had left left public charges and leave over $2 -inee over somethlnS as a return on the 000 a year. The ordinary man would say. , "my business lias yielded m P"Perty investment. During the 00 profit profit on on mv my $100,000 $100,000 in- in worst of the depression years 1931, a $2,000 1932 and 1933, the property Just missed Imsiea doing aomg ims- this, but Dut did am provide Provide the Canadian National Railwavs try us, " pvui ui iaii- was. limiting , . a small return on . the invested! ' 11 uc "aaian national,: capital would be shown' as a hope-1 such as the Intercolonlal, was' less proposition. ' ncver desl8ned to operate for pro- "The Canadian National Rail- fltl the retum upon the total - ways, from 1923 until well on Into ' Vfsted capltal pr,or to the depres- l sion has ranged from seven-tenths jof one percent to 2.3 percent per E Ml a B year and, if a correction is made r tor the Invested capital on pro-jperties not designed to operate at! Fnr Onnliftr a prnt' the retum on" tne balance "I VUdHlT ,of the Dronertv would m DRY PRUNES Small 4 lbs Where Dollars Have P. O. Box 575 vn you should hn,,irt have aomore tnan sufficient to meet all its Low Prices Quick Service Wc carry all the nationally advertsed brands ROAST MUTTON Globe 12-oz. tin 25c 18c 1 pkg. CHIPSO, large; 2 cakes BIRK S CASTILE SOAP 97 All for "Iv SAIR DATES per lb POPPING CORN per lb 7c 14c CAL-SPA The famous mineral water, a real tonic (Prt qe I quart bottle DAD'S BRIDGE COOKIES In use ful round tins QQ each tii HEINZ KETCHUP 9f large bottle 1 lb. Mixed Nuts FREE with each cash order $1.00 or over MUSSALLEM'S ECONOMY STORE More Cents" Phone 18 Ask For GOLD SEAL SALMON Fancy Red Sockcye Look for the WHITE LABEL with the GOLD SEAL mm Packed by the only Salmon Canning Company with an all the year round payroll in Prince Rupert. cash expenses, except interest. In 1 1934 a slight return on invested ( .capital account resulted from the ; improvement in business conditions I and the 1935 result is aealn some. , ' what better. Actually Made Profit "With no allowance for the fact 1 jthat a considerable - portion " of the i.j percent to 3.1 percent and,! mark you this, upon the total in- vestment without the wrlte-rinum of one dollar representing the adjustment in the canital structure which might properly have reflec ted tut virtual bankruptcy of the properties at the time thev taken over. Can Stand Comparison "Certain critics of the Can.irUsn National and of government nwn. ershlp are fond of pointing tho finger of scorn at a comnarUrm nf the operating ratio of the Canadian National with the operating fuuo oi omer large railway sys terns. Relevent factors nil rmoH fn be taken into account before on" could draw any Inferencp as .n relative operating efficiency from a spreaa in tne operating ratios. When thoroughly looked conclusion one would reach is that the spread ln the operating ratios arises mainly from differences In the characteristics of the proper ties ana not from a difference ln eflciency. The staff of officers and employees of the C.N.R. will stand comparison with the best." "Replying to charges that th Canadian National navs littio nr no taxes, as compared with nr!. vate industry. Mr. Fairwpathpr said that the direct taxation nM by the CNR. at present amounted to $5,200,000 a year, as commrM with the CPJt. payments of $4,100,- uuu and Indirect taxation Includ-l ing sales tax, excise tax. etc.. to an estimated amount of $16,003,-000 per year on the C.N.R. compared to $10,000,000 per year om the CPJt., the total tax payments of the two systems being $21,200.-000 for the CNR. and $14,100,000 for the CP.R. Mr. Falrweather said that, at.. ' tempts had been made to promote the misconception that the capital expenditures on the Canadian National Railways, amounting to $432,000,000 from 1923 to date, had been wasted. He contended that the largest part of this capitol was wisely expended and, had heavier rails, stronger bridges and better locomotives and cars noS MACKENZIE'S FURNITURE FURNITURE FLOOR COVERINGS, REDS SPRING MATTRESSES All Kinds Phone 775 Third Avenue "TIME THE TOILER" MAC.VaHAT AEG WE GOK6 TO 1X577 SOMHONH VTCLE ALL THS SILK I IS! sk DAILY NEWS Rare Picture of Victoria and Edward This rare picture from out of the past shows Queen Victoria with her great-grandson who is now King Edward VIII The young Prince was only seven years old when the great old lady of the British Empire died, marking th passing of the Victorian era. Historians feel that the passing of George V marks the end of another era. been procured, the operating costs of the property at the present time would be at least-$12,000,000 a year more than they are; an amount equal to the interest on the capital spent. At Variance With Facts "Speaking" as an economist,, cor. eluded Mr. Falrweather, "I find the assertion that there is a rail way problem so serious as to threaten the existence of th? country somewhat at variance with the facts. If the assertion wero true, one would expect to find Canada burdened with very high unit transportation costs. Oulio on the contrary, one finds that the economic- unit cost of railway transportation ln Canada is as low as that of any other comparable country in the world. One would expect, too, to find a country in which the ratio of Its wealth to its railway capital was low; quite on the contrary one finds tho ratio of national wealth to Invested railway capital in Canada Steamship Sailings For Vancouver- Tuesday Catala 1:30 p.m. Thursday ss Prince George 10:30 p.m Friday ss. P. Adelaide... 10 p.m Ss. Cardena 10:30 p.m. Feb. 13 ss. Prin. Norah .. .5 p.m. Feb. 27 ss. Prin. Norah ....5 n.m. From Vancouver Sunday ss. Catala 4 pm Wed. ss. Pr. George 10 a.m Friday ss. Prin. Adelaide 4 p.m. Ss. Cardena pm Feb. 9 bs. Prin. Norah a.m. Feb. 23 ss. Prin. Norah a.m. For Anyox andStewart Sunday ss."Catala 8 p.m. Wednesday ss. Pr. George 4 p.m. From Stewart and Anyox Tuesday ss. CatrJa ... 11:30 a.m. Thursday Prince George 8 p.m. For Naas River and Port Simpson Sunday ss. Catala 8 p.m. From Naas River and Port Simpson Tuesday ss Catala ...11:30 a.m For (ucen Charlotte Islands Feb. 14 and 28-ss. Pr. John a.m, From Juccn Cliarlottc Islands Feb. 12 and 2C ss. Pr. John a.m. From Ocean Falls-Wed. ss. Pr. Geirge 10 a.m. Friday ss. Prin. Adelaide 4 p.m. rrrm 1 1 TWOUGHf I HAD A CLU5, BUT T'S 3oST A WAO OP CHEVUlMtf3"uM bw!Vi. 1 h - fff.wrr T2- to be high. In fact, for every dollar expended on railway development, there is an average figure of over $10 00 in national wealth and this Canadian National wealth could never have been brought into being without the railway develop ment." C. N. R. Trains For the East Mondays, Wednesdays and Fridays C p.m. From the East Tuesday, Thursday and Saturdays 10:20 p.m 1 JONES Family Market PHONE 957 PUOf PHONE vmeuu, oemi tase, if VCO'RE LOOK' ms fo(a the SIU T' 95i SPECIALS Boneless Stew Beef 3 lbs. Round Steak, 2 lbs. & 1 lb. Kidney Sirloin Steak per lb .'. Rib Steak per lb ." Boil Beef, 3 lbs;" 5 lbs. Spuds Shoulder Lamb Chops per lb Shoulder Veal Steak 2 lbs Veal Stew, 2 lbs. & 5 lbs. Spuds Hamburger, 3 lbs. & 2 lbs. Onions Pot Roast 4 lbs T-Bone Steak, 2 lbs. & 5 lbs'. Spuds ..".:...; Boiling Fowl per lb :.. Ayrshire Bacon- pcr lb Pork Hock per lb. Shoulder Roast of Pork per lb. 25c 50c 20c 15c 25c 15c 25c 25c 25c 35c 50c 20c 25c 10c 15c i COLBERT TRIUMPH Popular Actress Here in Her Latest Success, "She Married Her Boss" The Capitol Theatre here opens a week of outstanding pictures to-, night and tomorrow with Claudette i Colbert's latest triumph "She Mar- j rled Her Boss." The theme of the new picture lends Itself readily to! : buoyancy and cham. Miss Colbert I is seen at the outset as a painfully efficient private secretary to Mel-vyn Douglas, a young business man who has become embittered as a result of marital experience The latter finds he cannot do without his secretary so, to hold her, he decides to marry her. She has no intention of being majordomo both at home and at the office so she gives up business for domesticity. In time the secretary divines the real reason why her boss married her and then the hair begins to fly. Michael Bartlett, who made a hit In Gace Moore'sJatest picture "Love , Me Forever," is seen In. "She Mar-ried Her Boss" as a playboy-business man. j Later in the week "Shipmates Forever," with Dick Powell and I Ruby Keeler, and "The Dark Angel," with Fredrlc March, Herbert Marshall and Merle Oberon, also i above the average in entertainment value, will be shown. V AH 7 VMSE GUV. BUT FOUND A C uus look THS CHAPPED SKIN To nuicL.lv rcllpv 'chapping arvi roughness) apply soothing, cooling Menthohitum. I Monday, Februar, l7 Big Show We Pick Any of Thm I hem All . . . Y" r Disappointed . . WmH coast to coait jhg?k successor to 'it 5e One Night!" PPon; Claudette cOLBERt In 'She Married Her Boss' A modern, amusino HnUi . , t "o ouarr i. T . . ---- cumPrto wnicn cj.niripHa . : w inthegraclous:cha?mS of comedy role that last year's Academy Critics unanimoSy A J that this picture i7 L i It I i-n , . " v llntr as its predecessor tuuia ne tnA t. - with MICHAEL IIARTLETT CAt7;30&9;30) HIT NO. 2-Wtd.. Thn, ..iv. oiiuw lO"'Jy. Kirtn "hMirf qttAH nr.,. j - and what a show It Is! ill "Shipmates Forever" HIT NO. 3-Frl.. Satnr Alt VlAlvtc ...111 U 4 .. the pulsing power of & ucuuuiui picture' I'rcdrlc March Herbert Marchall ln "The Dark Anger With Merle Oberon SEE THEM ALL THIS HU1 II I i 1 M I 1 Writing Pad Specials . . Fine Quality Writing Pads With Envelopes to Match Ravine Vellum and Ravina Linen Pads Qffn 1 pad and 1 pkg. envelopes Ladies' Size 1 pad and 1 pkg. envelopes By Wstover HO - HO SHtiUOCK "UST THIS MINUTE THfEVM TVtAT AWAY, DON'T MOVCE i wfKl flHHLJRl 25c White Wove Paper Ruled or plain, OCp letter size; 1 pad and 1 pkg. envelopes Rridgc Pads 1 pads in cellophane & 25C Scrap Rook Large size, good quality paper 4 jC Special value at x eMxuSmMd Mac, What Are You Going to Do? ILL'BET THEES LEFT TRACES BE- HIUO