rAcr roun LIVED HERE FORJEARS 3Irs. A. rrebourg Passes Away In-Vancouvcr Hospital To Which She Had Been Taken Recently Mrs. Albert Frebourg, well Renown pioneer woman of this city who- left the city a few weeks ago for the south, passed away at the Week-end In a Vancouver hospital according to word received in the City today. Formerly a Mrs. Anderson, she was married In 19101 WHY DOES ANYBODY BORROW FROM A BANK? WHY does anybody borrow money? Here is the answer: Usually to make a profit or to use the money for his advantage. Be the borrower a farmer, marketing organization, lumberman, miner, fisherman, rancher, manufacturer none ever borrows from a bank and pays interest except to gain a benefit outweighing the interest charges. Every Canadian "dollar represents tangible wealth .already produced, or wages paid for services rendered! Every Canadian dollar issued can be described accurately as to purpose, as a wealth-producing, wage-paying, profit-seeking dollar. 'Occasionally tome borrowed dollar become temporarily deadtceight debtperhapt you suffer a loss for a teanon through drought or other natural calamity. But with a better teaton, better price and brighter Jbusine, the loser ha a chance to recover hi losues. "I borrow $1,000 from the bank, paying interest because the bank is rendering me a service," one man instances. He toes on thus: "Why do I borrow the f 1,000 ? To use in a business deal and make a profit. Mv deal concluded successfully, 1 repay the bank and have a profit of say $100, which I put to my credit in the bank. The bank has hack its $1,000 and interest, and I have $100 I didn't have before. "Multiply that borrowing of mine, my use of the money, my repayment and my profit, by many borrowers, day after day, and you we what is happening as a continuous revolving process thronghout tbe year in the business world." A farmer borrows for seed, cultivation or harvesting; a fisherman borrows for bait, boat or wages; a manufacturer borrows against raw materials being fabricated, to pay wages to finish and market his goods but none of these borrows except in the hope of profit to himself, in supplying the needs of others. Banking is not mysterious. A farmer's co-operative marketing organization uses bank credit so that the farmer may get cash for his crop at the elevator without waiting for it to reach Liverpool. A merchant borrows from the bank and is enabled to pay his bills early, take advantage of discounts, and pass part of his saving on to his customers. A small farmer with 20 hogs borrowed $50 for feed, paid $1.75 interest and was enabled to sell his bogs for $100 more than he would have got on an earlier market. His net profit was $48.75. That is an authentic case. Here is another: A hog-raiser on a large scale aid $100 interest on a loan for eed. He writes us that he made a net profit of nearly $2,000. ' THese are instances of the kind of services bank credit, exchanged for individual credit. Vv'. -.V the work of the womens Auxiliary of St. Peter's Anglican Church and her cheery presence will be missed by many friends in homes and benevolent organizations. Besides the widower, Mrs. Frebourg is survived by one daughter. Mrs. Stuart of Seattle. performs a s a n everyday rou tine, in Canada. Any community can supply scores of similar examples. What is money? Ginage, Hank of Canada notes, bank notes, deposits. Chartered banks now iesut) their notes up to a legal limit of 85 jter cent of their paid-up capital. Yearly this is being re. duced and the right of note, issue as steadily vested in the Bank of Canada. A chartered bank's notes are the first charge on its assets. In case of trouble they must b? paid off lfore a single cent can be paid on deposits or on any other debts owed by the bank. To make doubly sure that notes will be redeemed, ach bank pays into a fund held by the Minister of Finance, an amount of cash equal to five per cent, of the average of its bank notes outstanding. This is called the "Bank Circulation Redemption Fund." The total of this fund is available for the purpose of re. deeming the outstanding note of any bank. Notes of the Bank of Canada are money legal tender cash that Bank's notes and de posits are backed (July 30, 1938) by 56.26 per cent, of gold and silver bullion and foreign exchange. Notes of the chartered banks, too', are money their promise to pay; every dollar backed by more- than twenty dollars of assets. They are redeemable, on demand, in cash. Your deposit in a chartered bank also is money you can buy things with it. It arose from your labour, production and thrift. It is redeemable in cash. It is a measure of your real wealth. You may make payments by cheque upon it. when your cheque goes through the i Clearing House system, it must I be met by the bank on which it j is drawn. Any balances as between banks have to be settled I in cash daily. Your Canadian dollars are useful factors in a system that prod uces weaj th for all of Cana d a. Rupert for Vancouver T.S.S. CARUENA FRIDAY 10:30 p.m. Due Vancouver, Monday am THE CHARTERED BANKS OF CANADA Your loco' branch bank manager tail be glad to talk banking uith you; lie uill be glad to answer your question, from the standpoint of hi own experience. The next article in thi series will appear in this newspaper. Watch for It. UNION STEAMSHIPS LTD. Steamers Leave Prince T.S.S. CATALA EVERY TUES- DAY, 1:30 p.m. Dm Vancouver, Thurs. a.m. In the old Anglican Church at the head of Qentre Street by Canon' W. F. Rushbrook to Albert Frei bourg, Qlier Besner and the late Mrs. Besner having been attend ants on the occasion. w 'FYrhmirp was of German ,f , ,.. uuui uu. ' ' f lUie in uanaaa. one was acuve m,JalnEs mdla. If Convenient, Please Purchase Tickets at Office Furthe- Information Regarding Reservations and Ticket From A. W. NEWMAN, Prince Rupert Agent. Third Ave. Phone 568 Whiff lets From The Waterfront wun a lair-sizea usi 01 passen fgers. Union steamer Catala, Capt. in port at 7:30 .last evening from the south and sailed a couple of hours later for Stewart, Anyox and other northern points whence she will return here tomorrow southbound. Red king salmon brought the highest price in years at Ketchikan on Saturday when 28c per pound was paid. For small kings 17c was being paid and for whites, lie Northland Transportation Co.'s steamer North Sea. Capt. A. W. Nickerson, arrived in port at nVlnrk this mnrnint? from Ktrhi - kan and, after discharging five carloads of fisheries products for transshipment east over Canadian National Railways, sailed at noon in continuation of her voyage to Seattle. Southbound passengers on the North ea included Capt. L. H. Jennings, manager of the Alaska Salvage Co. at Ketchikan, and his bride, a former Ketchikan school teacher. Also in port this morning was the ketchlkan motor vessel Fairbanks, bringing in one carload of fresh fish for transshipment east over Canadian National Railways. TODAY'S WEATHER Prince Rupert Overcast, south east wind, fourteen miles per hour; barometer, 30.24 (steady); temper ature, 35; sea choppy. Triple Island Overcast, south erly-wind, 24 miles per hour; sea moderately rough. Langara Island Overcast, south west wind, 26 miles per hour; bar- ometer, 30.14; temperature, 56; sea muucraiciy rougn. Dead True Point Part cloudy, light southwest wind; barometer, 30.27; temperature. 55; light chop, Bull Harbor Part cloudy, calm; barometer, 30.30; temperature, 50; iignt, sweu. Alert Bay Part cloudy, foggy, caun; Daromeier, 3u.m; lempera - ture, 51; sea smooth. Estevan Clear, easterly wind, four miles per hour; barometer 30.-28. Vancouver Clear, calm barometer. 30.28. Victoria Clear, northerly wind, four mllej per hour; barometer, 30.28. Prince George Clear, southerly wind, six miles per hour; barometer 30.24. Terrace Raining, south wind. temperature 52. Aiyansh Raining, windy, 55. Alice Arm Heavy rain, south wind 58. Anyox Raining, strong southwest wind, 54. Kitkatla Couple Married Today This afternoon nt. fntir nVlnrV St. Andrew's Cathedral was the' scene of a pretty wedding when Ed-) ward Innls, son of Mr. and Mrs.s Joseph Innis of Kitkatla, was unit-1 ed In marriage by Very Rev. J. B. Gibson, the Dean, to Miss Maggie Lewis, daughter of Mr. and Mrs. William Lewis of Kitkatla. The ceremony took place amid a large gathering of friends from Kltkat-ila, Naas and Skeena River districts. The bride, who was attired In a white wedding gown and matching veil was attended by Mrs. Flora Hill as matron of honor. Silas Innls, uncle of the bride, and James Lewis. uncle, of the groom, attended the groom. After the ceremony a wedding dinner will be served at the Commodore Cafe and a dance later In the Boston Hall for which arrange ments have been made for one hun dred and fifty guests. The bride and groom will leave tomorrow for Kitkatla where they will reside. WAKE UP YOUR LIVER BILE- And YWU Jump Out of Bd la tl Mornlaf Rarla' to go Tk tJrW wU ton out two nraaAi at Cqmd Mt lata four bowU esilj. It thk blU U Bof flovtnf bmr, root load doma't dlgaat. It ut dwaia ta U bornta. Gu btou up jrour rtooHk. t eoaatiMUd. Harmful poWot f Into tk Ixidf, Md rou f Ml KW, smw. M tt vorid looks pink. Wk mtn boW kiOTiMat doaan't tlwtra I t t tlM MvYea BMd tonwtklng that wof U vtu- it una loos food, old CtfMr'1 litlS lira POli to ft thm two Kusu wn m m out out lowing Irij ut auk rou ."up tad ap1. lUrmUaa tod (ontl. tknr BJtk. ikt til flow frMtr. Tbr do too work OS akwul but br tt calomel or mermj In tkm. Alk. for artr'a IJtfL TJ Pma k Ms I etaiborel rtfuta mjthlnj tla. t(. m THE DAILY NEWS waiy. September a Harry MacLeod Is Laid At Rest Many Attend Obsequies This Afternoon For Pioneer Provincial Government Official Many old friends gathered this afternoon at St. Andrew's Cathedral to pay final tributes of respect and esteem at the funeral of the late H. F. MacLeod, for many years court and land registrar, who passed away last week. Very Rev. James B. Gibson, dean of tre Cathedral, officiated and Pctcr J Lien presided at the organ to ac company the hymns. Following the service, interment was made in Falrvlew Cemetery. There were numerous floral offerings. Honorary pallbearers were Judge 9jW. E. Fisher, E. F. Jones, Thomas .McClymont. Dr. J, H. Carson, J Fred Ritchie and Alex McRae and active pallbearers were L. W. Pat-more K. C T. W. Brown, W. O. Fulton, ; Rl h. McLennan, J. T. Harvey and Andrew Thompson. . A brother, Norman McLeod of Lethbridge. Alberta, was unable to be in the city in time for the funeral but will arrive later. TERRACE mi Mrs. Max Gariin, -.,,,. ' who h has K.r. been . ... ,. ., visiting with Mrs. George " Little the . . . f- . . evening to ner nome at Jasper. ... . . ,, I I. ' Mrs. Walte of Ribskone. Alberta is visiting at Terrace as the guest of Mrs. Jack Sparkes. The members of the Anglican' " u" ouu"lc oi me un-tea Church Women's Auxiliary held a at Mrs. Grelgs on Thursday T snw0 Co- s at present, in honor of Mrs. C. R. Gilbert who. ab0ard tne steamer Catala relieving. with Mr. Gilbert. is Wvini Ter. race in the near future to live In California Mrs flllhort Viae hnnn an active mpmhpr nf th. Wnmpn.5i Auxiliary for. the past 24 years. Mr i and w., Gilbert came Up skeena Vallev whrn th rniiv ' was built. Mr. and Mrs. A Attree have purchased the Gilbert farm , 'and home. rred Nash B. C. L. S.. with Mr. George Dover, took the train i inursaay nignt tor the coast. They will undertake survey work at Butedale. . j Rt. Rev. E. M. Bunoz, Roman Catholic Bishop of Northern Bri-J tish Columbia and thp Vtilrnn ar rived here Friday night by train J from Prince Rupert. The Bishop conducted confirmation services at! Terrace Catholic Church where about twenty candidates were pre pared. Rev. Father Valllers came from Hazelton to assist the Bishop In this rite. ft mm F.ftiiHfcftlft.ftftl ran HYDE Transfer 315 SECOND AVE. FURNITURE MOVING Cartage Light Delivery Coal Wood Phone 580 LANDMARK i IS BURNED Old Klondyke Hotel on Fulton Street Virtually Destroyed By Flames This Morning The old Klondyke Hotel building, one of the landmarks or Fulton Street at the corner of Seventh Avenue, was virtually destroyed by fire this morning. Flames consumed the upper of three floors and thp eilpcta rf water nnrt smnkp ruined the two lower ones. The only occupant of the building was Man Moori, a Chinese gardener. The property was owned by the estate of the late Mrs. O. Reda. The flames, as far as can be learned, originated from a defective chimney on the top floor They quickly went through the roof of the old frame structure and, by the time the fire department reached the scene after be-;rg called by a passerby, the con- nagrauon was well under way Heavy smoke hampered the fire-1 men In their work and It was half an hour or so before the flames I were brought under control "Slim" Iveison, one of the firemen, was struck on the head by a flying 12 by 4 and was stunned for a time but not seriously Injured. Yeoman ' ., ,, , assistance was given the fire d- partment ,, l ,cl n c 7 j by Corp. G. H, Soles andi stewart of the city police. The time of the fire was 7:201 cri- King, chief steward of v""cl oicwaru, uen uaaen wno Is ashore at Vancouver for a few trips. - "Build ft. P. P.vt.11.' P 3f iflf iMillr 1T111K issf t-i rOl U Trnnrfhinn x-i V CI j llllllg "We have used Pacific Milk for years. Since returning to Vancouver from the South we have used It for every purpose. My! husband and I have not used anything else. I get. great sat-1 isfaction In cake making and; It gives wonderful results when whipped." From a letter. Mri S. T. PACIFIC MILK I Irradiated of Course Be Sure To Visit ALMER'S I Coffee Shoppe I Corner THIRD and SIXTH The Brightest and Most up to the Minute Eating Place in Prince Rupert Open 7 a.m. t0 2 a.m. WWVAVMWJWaWWV Powder Puff Beauty Shoppe Permants, MarcelLs, Finger-waves, etc. Children's Haircuts a Specialty. Phone Green 883 for Appointment Muriel Eby 437 4th E. Phones 18 & 81 P.O. Box 575 FOR SATISFACTION , Try MUSSALLE1YVS Economy Store Where Dollars Have More Cents Quality Groceries Reliable Service Opposite Canadian Lglon 1 ike Another MPMnrCouraqeoujI THIS GRAND HUMAN ADVENTURE "STORMS INTO YOUR HEART! fM SSI When Judy Garland ilngi . . rrwmpn ana rragea cnecxtr me of rhete real people ... It's a thrill to rememberl Thoroughbreds m?x" (At 7:41 and 9:49) ADDED LAUREL and HARDY In "GOING BYE BYE" NEWS and CARTOON Your Grand Opportunity To Enjoy the Music YOU Like Whenever You Like Victor Record Society The Musical Opportunity of a Lifetime In Rrief Here is What You Get Your own selection of Victor Rec- Latest R.CA, Vlc'.rcla t-ords. Value $9.00. tachment with new type trystal pickup. Value $19-50 Subscription to Record Review one year. Value $3.00. All This for Only $22.50 In addition you have other membership privileges including personal musical service and an opportunity to earn $7.50 In rtsord dividends during the year. Don't miss (his musical opportunity Come In for full particultn and Membership Application blank MmMm.Md I RAILWAY LINES l TftAtVL To Vancouver via Ocean Tails Or cam. from ajcajfft rr. on caii from th (juftta..Uft laujht thr: mat morovgnbrtdi don t eryr i fromMlekty JoonY,$ophit Tucker and o Brand catt .'mtn itvti toul- DONT CRY TONIGHT and TUESDAY 2 Shows 7:00 and 9:05 for Canadian Pacific Transcontinental Trans-Atlantic Trans-Pacifie. and Way PoTts SS. "Frincea Adelaide" Every Friday 10 p.m. TO VANCOUVER DIRECT PRINCESS LOUISE September 7th, 17th, 27th October 7th, 18th Connections at Vancouver with Canadian Pacific Service! Tickets and Reservations From W. L. COATES, General Afent. Prlnre Rupert. B& H you lose anything, advertise for it.