PAGE FOUB DAILY NEWS THE nday NoTeabtf,, WHERE DOES ALL THE MONEY COME FROM? TVTORE than four and one-half million depositors in Canada have "money in the bank." They are satisfied to leave their money on deposit because Canada's chartered banks are ready and able to pay back promptly every cent when the depositor calls for it. These deposits in the chartered banks total roughly $262,000,000 approximately 10 per cent, of which they carry in cashr in other words Bank of Canada money or "legal tender." Some people do not fully understand banking operations and might ask: 1. What hare the bank got to represent our deposits if they do not lure it all in casli? 2. How can the bank repay our deposits, over $2,26!,' 000,000, Kith the amount of cash they hold? The answer to No. 1 is: Look at any bank balance sheet and you will see for yourself that a bank owns more than it owes. That is to say if all of its depositors were paid off and all of its other debts paid, a balance would le left belonging to the shareholders. That should answer your first question satisfactorily. Arid now for No. 2: Look again at a bank balance sheet and you will see that in addition to the cash it holds, the bank owns assets quickly convertible into cash, or which can be used to borrow from the Bank of Canada. Experience has taught banks the amount of cash it is neces-nary to carry to meet ordinary day to day demands, and also the proportion it is necessary to carry in gilt-edged quick assets which can be liquidated to meet even any extraordinary demand. Banks know that it is absurd to expect all depositors to call for their money at the same time. That- would be. like saying that if everybody got sick at the same time there would not le room in the hospitals to take care of them. Or that if everybody who travels by street car decided to travel at exactly tlie same hour, there would not be enough cars to carry them. Or that if every person who carries life insurance died on the same day all the claims could not be met. Or that if every sea were drained dry there would be no ocean liners. Such statements are meaningless when you expose them to the cold light of commonsense. Where, then, does all the money come from ? That question can best be answered by asking this one: Who owns it and bow do they get it ? Addressing ourselves to 4,740,000 depositors we answer: This money is yours- You own it. When you call for it, you get it. When you ask any existing Canadian bank for it, do you ever fail to get it promptly ? .We ask you, too: "Do you reardyor deposit as figures in If you are a wage-earner, paying your way and depositing a little week by week in a savings account in the bank, can anybody convince you that your deposit came into being by writing figures in a book ? Or is it not a fact that you can call at your bank and take it away with you in cash! Suppose you are a farmer let us use one acre and some round figures for illustration. You use 2 bushels at a dollar a bushel, of wheat, to seed one acre. You reap, say 20 bushels, worth a dollar a bushel. Leaving out your costs to simplify matters, your gain is 18J bushels equivalent to 18ldolIars,which you deposit in your bank. Po you regard this as just figures in a book ? It would be hard to convince any wage-earner or any producer of new wealth, that bis deposit which arose from bis labour and production, is any-thing but real money. He knows better, for be can buy things with it. Wliere does all the money come from ? Your deposit is the measure of your own real wealth. That wealth comes from the marketing of your labour for wages; from the application of labour to the soil of the farm, or to the standing timlcr in the forest; from the catching of fish in the sea; from the westing of minerals from the ground; from the fabricating of raw materials into manufactured goods; and from marketing at home or abroad this continuous production. When somebody wants to change all your business and economic methods and by some mysterious magic to bring about overnight a promised miflenium of prosperity, ask what success such a theorist has made of handling his own affairs, before you back bis theory. Bank deposits reflect tangible wealth produced. Every dollar we owe to you our depositors is backed by many dollars in real assets. Canada's cliartered banks not only serve the individual well, they are a great factor in tho building of the nation. THE CHARTERED BANKS OF CANADA Tour local branch bank manager will be glad to talk bank, big Kith you. He mil be glad to anncer your question, from the standpoint of hit own experience. .MacKENZlE's FURNITURE 24 END TABLES Walnut finish, haUmoon. gxmm $1.95 24 SMOKER STANDS Walnut finish with glass (T. a. ashtray. Each 31,J5 Special No C.O.D. or Charge on These Items Phone 775 I RAILWAY MR vmUrN 327 THIRD AVENUE Canadian Pacific Transcontinental Trans-Atlantic Trans-Pacific To Vancouver via Ocean Falls and Way Ports Ss. "Princess Adelaide" Every Friday 10 p.m. TO VANCOUVER DIRECT November 7th. 17th, 28th. December 8th. 19th SS. PRINCESS NORAII" $Qfi Winter Excursion Fare Vancouver ami Rcturn-TIck-rJJ ets on Sale Nov. 1st, 1938 to Feb. 28thK 1939. Final Return Limit March 31st, 1939 Connections af Vancouver with Canadian Pacific Services r' ' Tickets and Reservations from H.L. COATES, General Agent prince Rupert, B.C. u, . I VETS AT I Ancient-Modern From The Waterfront Union steamer Catala. James Findlay, arrived in port at 7 o'clock last evening from the south and sailed at 9 pjn. for Stewart, oicwurt, miyo Anyox and ana other outer northern normern Phones 18 & 81 P.O. Box 575 FOR SATISFACTION Try MUSSALLEM'S Economy Store Where Dollars Have More Cents Quality Groceries Reliable Service Opposite Canadian Legion i Remembrance Parade to First Tres Cant : byterian Church Christ Es- sential to Peace, Pastor Asserts . t n Size 3Gx54 Size 18x,'G THIRD AVENUE At Masquerade KITSEOUKLA, Nov. 7: Ancient 'nrimeval enstumrs tnirminrirf - . .a... ...vw l"e with WUn modern modern day day character character make- make- ancient wooden masks were used whllft tnm.tnmt lrpnr Hma irlth "Have we th rieht to criticize . . ., " " . , " intuit uf-tu-uaie musical msiru- other nations for wrongdoing when: ments, prize-winners for comical in our own communities and in our costumes were Mrs. E Turner 4t 1.- 11 -4111 U- J - -- ' KITSEGUKLA Douglas Wesley has returned home from Prince Rupert after having been a patient in the General Hospital there for over a month. He is gradually getting around again. Moses Jones and Jeffery John son son were were admitted admitted into into the the Hazel- Hazel- "': can oe nu pcatc 'points whence she will return here(World until every nation hasheardjups for novei and colorful effects ! ton Hospital last week for treat-tomorrow southbound. 'and accepted the gospel of Jesusat a Hallowe'en masquerade dance Iment. They will probably be there , .. ne)a Dy ine y0Ung people of Transportation Co.'s "There cannot be peace or justice seeukla. it beine- th first tim. aiiaiuci steamer North numi Sea, oca, Capt. uapi. A. t. W..in v.,"i out our Dominion uuuiimun until mim each ram com-!manv tum .many years vmr th-ir that such cm, affair ttt. an Nickerson, arrived In port at 12:4.r i munity has made itself Christlike- nad been held in the village. Even nnln noon yesterday voctorrffiv and. JnI after nfta. dis 41.. I Tl'ltVl with f1H7fne citizens mntlnv makine tholr their influ Infill! i i . 3 charging six carloads of frozen fish and one car of canned salmon for transshipment East over Cana dian National Railways, sailed at 6:45 last evening in continuation of her voyage to Seattle. ence felt for Christ and good. for about a month. Most of the school children who mere treated for minor operation." following the doctor's examlna-j tion of the school, are home again. a , rv "rsi: M1SS Ulara Johnson, second; Lyman II. Hinton R C. L. 8 , md Sampare. third. son of Mr. and Mrs. J. A. Hinton I ' ? r V , " rtllcr J"QBng. rciresnmcnts were, of this city, travelled from Van- The Signal was in with black wn. despite their professions, are served and dancing vn n. .u. . , . , ry f w utitu wuufv w A. Ulb iiatlCV Uil IIJC VU" , , cod this morning but there was no n01 "ue unnstians. well into the halibut catches. No more are now These were among the comments . expected as it is believed the last 01 Rev- H- G- Funston Sunday AmartAin rrxciil - 41 i mnm In or nVion mnmhprc rt No. 3 banks have gone through to the Canadian Legion and the Wo Seattle. ARMISTICE SUBJECTS With Leader Such as Chamberlain Peace Ideal May Be Reached, Says United Church Pastor In the First United Church ves terday the Rev. J. C. Jackson spoke on appropriate Armistice ..Week jsubjects at both services, taking 'as his subject In the morning "The men's Auxiliary attended Remem brance Day service at First Presby terian Church. The church choir was in attendance and rendered Kipling's "Re cessional." J. A. Teng sang "There is No Death." Mrs. E. J. Smith, presided at the organ. i At conclusion of the service Wil-, Ham Ranee sounded "The Last Post." There were upwards of sixty veterans with some members of the Women's Auxilary at the service,1 making quite a sizeable congrega-( tion In all. Led by the Prince Rupert Boys': Band, under Bandmaster Robert! ope oi r-eace' and m the eve- Greenfield, the veterans and the ning, "The Christian's Weapons." .ladies, in spite of very, inclement In the morning Mr. Jackson weather, paraded both to and from1 sa d there were two divisions of church. The men were under Jack i Uiuiu.B men on me suDject or Preece, president of th-Legion-the1 I war. There were those who thought ladies under Mrs. R. T. Anderson that war was a necessary evil and nrpsirient nr ,,,,m... must be prepared for accordinelv. i There were those who thoueht war was an unnecessary atrocity i 11 vou wlsn t0 SWiP something for which a substitute must b? Trv a Classified. found. Changes iust as revolution-1 I ary as the banishment of UTr hurl I taken place in the oast. Two' I hundred years ago any one whoi said people would cease to believe ,in devils would have been laughed! ,at. One hundred years aso the .idea of abolition of slavery was I considered utterly fantastic and1 (incapable of being accomplished. . Already some types of war had been banished. There was a strong longing for peace and with lead' !ers such as Lincoln and lnttpri.j Chamberlain, these ideals would be reach pd 1 Speaking irf the evening and in (keeping with Remembrance Day Mr: Jackson told of the difficulty :even the disciples had in getting away from the idea that Christ ( would set up a temporal kingdom It was not till after the Pentecost that they realized it. The Christian's weapons were goodness, forgiveness and the turning of ene mies into friends by means of slave.: "We are handicaoped by the .inheritance of the belief in the ability of force to settle affairs" j declared the pastor. "Yet we have a conviction that peace is the real business of mankind. In spite of . hiusterinss. Hitler will not get what he wants his apparent successes will rot In his hand. The cry of 'war to end war is also ridiculous. Can Satan cast out , Satan? And war brings depravity wun it the destruction of truth, love, economics, and conscience. Prepress has been made in the curtailing 0f wars and their banishment will follow as we follow Christ and his ways, j At the morning service the Jun-lor Choir sang the anthem "Evening and Morning" (H. S. Ookeley). In the evening service special music suitable to Remembrance Day Included a fine rendering of Stainer's "What are These?" and the solos "There is No Death" by Dr. R. O. Large and "Tread Softlv" jby J. S. Wilson. The church was artistically decorated for the ser-vices. Atlss Swanna Olafson was organist. WAKE UP YOUR LIVER .BILE- And Youll Jump Out of Bed in tho Morning Rarin to go Tb IItct should pour out tiro poandt of liquid bil Into our Doweli daily, ff thii bilt U not flowing (ml, our food donn't digest. It Jtut dtcari in tfct bowel. Gu blotu up your itomach. You let eonatipated. Harmlul poiaona to Into th bod, and you (eel eour, euck and the world looks punlc A mere bowel raorement doesn't alwaa ret at tba cauu. You need aomething that worka on the lirer as weU. It Ukea those rood, old Carter'! Utile Lirer Pills to get these two pounds cl bile flowing (reely and make you I eel up ana up . llarmleas and gentle, the o( calomel but hare no calomel or mercury la loem. ask iot leaner a uiue urer i uu by name I Stubbornly refuse ssyUtlng alae. tie. Ixb i ; :d :.,z i ;n l:q -h ::a vn ,.a 21 For 50c or 10 for 25c liuy Them Hy The Hoxcd Assortment You Must See These XMAS CARD VALUES The biggest ever offered. Folder type cards with envelopes conveniently boxed as above. At this low-price everyone can send cards at Xmas. Buy In Quantity liuy Now and Save If you prefer to choose your cards individually we have the finest collection ever offered. Thousands of beautiful and appropriate cards to suit every Xmas requirement. From 2 for 5c up. Valentine's beautiful calendars In a wide range of subjects and prices. Come in and make your selection from a complete stock. A useful and inexpensive Xmas gift that is sure to be appreciated. I . " ! I 1 I M I ill I rv MAI. m j m m y m j m j m t m m i m . i m r ym $55.00 $13.00 Size 9x12 Size 9x101. smWsmWKtsU&BMItDsKOslsBsWasrirmm I LINOLEUMS - AXMIHSTERS - CONGOLEUMS Seamless Harrymorc Wilton Rug Axminstcr Rug Size 4'7x7'G Axminstcr Rug Size 9x9 Reversible Bedroom Rug 25x48 $29.50 $3.50 Dominion Linoleum Rugs Inlaid Rug 6x9. Regular $12.00. Slightly OQ A A damaged .... vwvU Dominion Inlaid Linoleum G feet wide. CO 2 square yards VPtl Rcxoleum IMats OCTr-18x36 &3 Congoleum Mats S1.25 size 45c $13.75 Slz4x9... $9.00 Vel Felt Rug $7.50 A Good Place to liuy Hugs ELIO'S Size 7ox9 Hours From 9 a.m. to 5:30 p.m. ;riii.im.BiiwxiaKw.iiiiaiiiiT(WisI3B: $5.75 Mb Am I'rincc Rupert 2 M Bl n M B tmm& i e'fUS 11 Si $1.00 VHHto I 'tyLEUMt' Bl " 1 1 h I lU.MUIiT I and'Yfrc.. Last CompIcle 9(0 bbh gXjflSflfltfMHHlttift bbbb MBpPrSawH r (At 7:03 and 9:10) rus Mrs. W. T. Kerm;). v. on a trip to Ea-strn. c the United State. rrfj; city on the Catala lu Thrilis and" Heart Throbs in Drama of Two r.cautiful W-men! "WOMAN AGAINST WOMAN" With IIERUKRT I.MtSHALL VIKOIMA MUtT) MARY ASTOU (At 8:37, Once Onl?) WORLD NKWS '8 31 OaU -'a arJ S. J. Jabour arrived n "he cl" . . . f rATfl on me uaiaia last cvciu:;a Jj, Stewart on insuranrc bir-'nr fi' "l.N 1IIK S-K.Mt: COIU. Or URIII11 I'OI.I'MIIIA IN fKOIIATi: III Hit Mallrr of llir Alnilnsi"" Act" III Hw Mstlrr f the n' ' Ik-rlr, IImtiimiI, IntMiite TAKE NOTICE that by : I : " " Honor. W. E. FiWuer, -Uio 2B'!; a, October. A. D. 1938, I w "iV Dcrlc. drcWMd, ajid nil p-n by required to himlsh kuW t,p." rertrkKl. to m on or boNirr 'tic doy c Dcrembcr, A. D. !:. ""d '; partlos ludoWitd to Uw cv.i'c r " quired to pay tlic nwnv f 'MJ m dcibUKlne(i to me tortliwi'!'- NORMAN A. Wftii Ofllctal Admlni,.:n.'r Trhitw It'll'" D ,n Diittt! tlio 3 let day of Oo'al'' 1938, - IV TIIK MtTllKMh l Olltr OF HKITIS'4 COI.UMIUA . . In the .Mattrr of I lie ".tilnilnltrii" Acf In the Matter of tlm EMate of M""'1 (loii7.alc. HfcMnrtt mn.n vvmran v.. rtVtifT 01 1 Honor Judge Pujhor. Uxjd J"lse oi 8uprcne Court of DMttoh WlwnD1 made th HUj day of Outobcr W- appointed Admlrrfstrator m i. .,1.1.1. d.i.h rvJumb la Of w above-namei: decfli. .aw Yukon and Stewart. Brtasli Cojomoii 5 are required to pay the amount or fj persons having claims agaUmt the H, estate are required to file the U properly pmpeny verified, vermoa, with wiui me "".""::" with n op Bf W month from tho first pu o it""" -. Uila notice, otherwise distno"""" "t the said cetn-te will be mftd ,1UWU ttti Uiereto. .vj Dated at rrtnee Rupert. B. c ISth day of Ootober. 1938. NORMAN A. WATT. Oillclal Administrator. Prlnca Rupert.