l
i4'
I
41
ANNUAL
STOCK
ENDS
Broker
and
Short
Lines
Clearance
Now
is
Your
Chance
for
a
Real
Bargain
OOOOQOOOOOOOCHXKJ
Sale
Starts
Friday
Morning
Family
shoe
store
ltD.
The
Home
of
Good
Shoes
EDITORIAL
News
Department
Telephone
Member
of
Audit
Bureau
of
Circulations
DAILY
EDITION
THE
TIME
TO
liUY
8G
Thursday.
January
19,
1939.
ENLIGHTENING
ADDRESS
CANADIAN
liANKS
(Continued
irom
Paj?e
Oue)
that
money
expended
on
defences
is
also
devoted
largely
SiJSf
ON
holders'
lists,
which
can
bee
seen
by
anyene,
in
Ottawa,
will
show
that
fo,
peeping
people
employed.
In
Canada
money
laid
out
in
these
savings
which,
m
hundred!
air
bases
and
other
defense
projects
should
reduce
the
of
thousands
of
cases,
are
the
life's
amount
paid
in
relief.
accumulation
of
hard
work.
Tht
In
1938
the
British
national
income
is
given
as
$2?,,-
baf
are
krptn,sMtheff
TT
672,000,000
jnd
the
United
States
income
during
-the
Tsame
?drgj$?!g
period,
was
$64,604,000,000.
The
population
of
the
United
at
theih
with
hungry
eyes,
wher
Kingdom
is
given
as
45,000,000
and
the
population
of
the
our
political
leaders
talk
about
United
States
as
130,000,000.
UI,nS
the
national
credit
to
build
.bridges,
roads
and
public
buildings
T
UITTT
TAI
V
j
what
they
really
mean
Is
dippinf
.
,
,
.
'Into
your
savings
account
as
every
Tales
of
the
tropical
Pacific
islands
.i
are
usually
inter-jtime
the
government
sells
bond
esting
and
"The
Dark
River"
is
no
exception
to
the
rule.
(for
such
purposes
the
bonds
arc
.It
is
by
Charles
Nordhoff
and
James
Norman
Hall,
known
mostly
ughi
by
the
banks
or
m-best
authors
of
the
"Pit-JJJ""
comPanles
w,th
yur
av-cairn's
as
jdint
"JIutiny
on
Bounty,"
fsland"
and
'The
Hurricane.'
As
of
the
a
study
race
..
i'e
is
a
strange
trait
of
human
problem,
and
of
life
in
the
French
islands
it
is
excellent,
nature
that
we
are
so
careless
ft'
is
also
a
story
that
holds
the
reader,
although
many
do
i
about
our
cash
savings
and
carefu'
not
like'
the
type
which
is
too
true
to
life
to
be
always
about
our
material
savings,
if
you
hannv
.Ko
away
for
a
long
time
you
store
Part
of
the
yarn
shows
how
two
young
people
can
rent
and
insurance
but
certain
live
arid
have
children
on
an
uninhabited
island
for
several
do
not
give
your
warehouseman
years
arid
enjoy
almost
every
minute
of
the
time.
'permission
to
use
the
furniture
or
TMwordlpictures
pf
the
islands
are
fine
and
the
des-
re"1
ll-
Thuere,!s
'n,0-
,0fl2fa,l.
realr
criptipn;
of
the
peonle
excellent
The
book
is
one
wellV0cuur
worth,
reading
for
those
who
look
chiefly
for
human
in-;Cause
he
doesn't
charge
you
ren
terest
in
the
books
they
read.
but
pays
you
for
the
money
in
E
5
Just
ti
t
man
Itirns
to
know
the
good"
nd
bid
pointt
of
Kit
favorite
horse
and
places
a
value
on
it
that
cannot
be
bought
with
money
so,
to6,
dots
man
often
cherish
the
flavour
of
his
favorite
beer,
People
everywhere
who
enjoy
t
glass
of
rich,
malty
beer
have
learned
to
depend
on
the
high
uniform
quality
of
Phoenix
Export
Lager
which
has
been
mainiained
throughout
the
years.
Thursday.
Januar?
19.
ijJ
J:.
,0,
istead.
That
being
so.
It
would
seenvhs
the
cruelllst
form
ot
robblnf
the
jhad
dozens
of
people
tell
me
thai
'logical
that
you
would
watch
the
working
man."
UViey
cannot
get
bank
loan,
but
I
I
keener3
and
see
that
he
doesn't!
"The
only
money
the
banks
can
have
always
tried
to
find
out
why
detroy
your
property
and
when
loan
are
the
sums
deposited
with
and
they
ore
always
for
Uiesanif
any
attethtot
is
made
from
the
out-'
them
for
safe
custody,
no
mort
reason
mat
tneir
loan
wouiu
m-
have
been
presidents
of
our
Cham-
de
djriate
VOur
savliws
von-
and
no
less.
If
they
could
do
more
comply
with
bonk
regulations.
Der
01
wommtrre.
service
ciuus,
until
um.n
rh
K,.iir
n..
v..
thnn
thi.
nnrt
mnnov
ran
v
rrnl
hospital
ttrnrds.
church
commit-
teaW
,t
u
hlm
x
supp,
be-
ed
easiiy
why
haven't
morn
tees.
etc.
Who
knows
but
that
one
,.-.,5.
he
has
vour
confidence
It
Is
banks
been
started?
Anyone
can
of
our
lad)
In
one
of
our
Rupert
a
liul
unfau"
and
1
wouid
suggest
get
a
bank
charter
and
start
un
banks-mav
be
a
aeneral
manager
.1
m.
,
.,,
r..
in
,
u
nHri.
ft
tme
He
can
bs
,f
n
has
thi:
otirter
wrus
let
s
coin
anothf
1
KtaCfiOOO
and
the
Dominion
gov-
abllltyand
cares
to
work.
There
fc
phAge
Viands
of
our
savlngi."
ernment
will
twue
a
charter
sc
no
lavonusm.
"Tffe
second
function
IS
Import
long'
ai
the
people
subscribing,
art
Functions
of
Raiik
ftL
mean.";
loothhg
after
oUr
Honorable
people
No
bank
char-
"Now
as
to
shareholders.
It
Is
FwBw
cash
which
we
use
to
pa
tcrs
have
been
refused
to
anyone
said
that
the
banks
are
comnnleu
ur
Tne
amount
left
with
the
so
long
as
they
can
conform
to.
the
by
a
lew
wealthy
shareholders
wh-
banks
for
this
purpose
Is
quiU
simple
conditions
covered
by
Dom-dictate
policy.
Nothing
is
further
,arse
and
in
most
case
no
chart
Inlon
government
regulations.
Oyr
frftm
thn
truth
Rinlrc
nra
s
made
for
keeping
it
for
you
friends
in
Alberta
have
been
of
oy
a
great
many
small
Investors
However,
also
can
be
dipped
fered
a
charter
any
flmc'they
want
inere
arc!
some
49.000
shareholder
,nt0
if
arr
not
careful.
It
Ruf
they
9
re
wise
enough
not
ihelr
average
holding
is
roughly
thlrd
funet'on
U
really
th
to
token
out
as
It
would
ifflmedl-
!tyi;
tk
MfiKmiil'nn
tTnvif
mt
marvellous
be
chaotic
Once
again
we
occen:
function
The
restpf
the
shares
are
hel-
as
ewmnonpiaw
a
J""-
four-lea
price
or
costs
.Wh
trust
for
estates,
viz..
widows
and
orphans.
Most
definitely
no
Individual
or
group
of
Individuals
controls
the
stock
of
our
banks.
"Now
what
are
the
functions
of
a
bank?
I
will
place
them
in
their
order
of
Importance.
Firsts-
Safe
custody
for
the
people's
savings,
viz,
savlnss
Second
Safe
custody
for
merch-
,
According
to
the
financiers
the
Dominion
goveniment
p0112
casn
v
'
VI2
current
accounts.
J
i
-
-
l
-l
ii
ii
z
Ai.
l
1.1
un
hs
aiuiuiuca
lutano
umi.
Third
Transfer
of
cash
from
f5r1may
Canada
not
teoendant
on
foreign
markets
tc
0
take
most
of
its
oroductlon
and
our
noDUlatlon
would
starve
with
ig
out
foreign
markets.
jg
"The
fourth
Is
the
Investing
of
to,
'he
oeople's
savings
In
safe
and
2
,i(iu!d'
securities
so
as
to
pay
bacls.9,
avln.
when
needed.
The
banks,
o
ire
In
wonderfully
liquid
condition
2
Experience
haa
told
the
banks,?
how
much
Is
needed
even
In
times
of
severe
crisis
and
the
figures
show
that
their
easily
realizable
Invest
ments
far
exceed
the
bare
safety
point.
Money
Lending
"The
fifth
ls
probably
the
cause
if
more
criticism
than
any
other
and
that
Is
money
lending.
There
I
s
an
idea
abroad
that
the
banks
tre
a
bottomless
pit.
That
they
can
create
money
by
writing
In
a
led
ger.
Welt
they
could
create
money
with
pen
and
Ink.
but
that
ls
exactly
what
the
Dominion
Bat'k
Act
prevents
and
It
ls
called
by
another
ugly
name
deliberately)
avoided
oy
our
reiormers
ana
tnat
is
inflation.
Inflation
caused
the
French
revolution,
was
prbbably
the
cau.se
of
a
dictatorship
In
Oer-many
and
has
resulted
In
unhap-ilness
and
distress
In
France
Daniel
Webster
says
that
"Inflation
mm
PHDiniX
EXPORT
'
'
Z
!"
Wbuy
iTiiI
I
fST
1
'
'I
BY
THE
ll
SINCE
1858
This
advertisement
is
not
published
or
displayed
by
the
Liquor
Control
Boaid
or
by
the
Government
of
British
Columbia.
WLA
Thone
775
One
of
the
larger
Canndla..
hanlw
published
somr
figures
last
I.
n,l.l-U
n
i.nrar
tK
(ircHCI
tlon
tnat
tne
Danics
aon
v
loan
Ihev
ore
quite
startling.
Durlnif
the
preccdltuj
eleven'
month
they
made
ld&tfOO
Individual
loans
of
'cm
than
five
hundred
dollars
eacfc
aggregating
fifteen
million
dollars.
at?
and
also
during
tne
preccain?
two
years
made
108.000
separn:
loans
called
"personal
loans"
91-rreatin
fifteen
mllMon
dpjlan
This
excludes
any
large
commercial
of
as
and
mnrk
you.
U
only
r
n
of
the
ten
chartered
banks.
j
...
.
V
.
.
of
of
th
tolk-
aoout
tne
oanrji'
:.":;,;
TLir'r
we
accent
without
thought
hut
h
of
tht
tny.
n
would
tt'.
10
-
owu,,,,
the,
1.445,000
shares
Issued,
the
160
V
ls
trlcate
and
works
be
a;
emuty
shell
as
no
one
ex-oad
directors
held
less
than
4tw
tnB
P"eWon
of
a
fine
watch
ceding
a
fanatic
would
deposit
179
Without
"the
f-cHltles
of
the
bant
Utelr
savln?s
In
their
bank
and
.uiares
each
or
per
cent.
This
..AxiUmi
h
i
nnL
mrttPrinin,
,.h-.i,rt
to
Py
ur
debts
business
would
withcut
savings
they
couldn't
since.
oy
more
than
48,300
people
who
an
nually
elect
their
own
directors.
"Well
how
true
Is
It
that
th
political
propaganda
The
feasor
for
the
recent
drop
a
loans
Is
because
business
Is
not
ftcWvc
ehough
W
require
bcrrow
iihm
and
moreover
conimodlty
prices
are
so
much
lower
that
It
'eoulres
les
money
to
finance.
To
borrow
against
halibut
todayneedV
u
,
'
.i
.
f.
merelal
DUmoses?
I
can
cite
mi
onlv
slxtv
Dercent
of
1929
as
thr
"An
examination
Of
the
Share-
'
.
....
,
nwn
evnoHonVi
nnrlno
th-
nnt
nrlr
lh-n
irn
tetl
rnl.
ftrtft
tiV
.naMging
gotxis
anu
j-er.ca
iiuui
...
.
--
-
cue
port
of
the
world
to
another
twenty-five
years
I
have,
for,
m
day
six
cents.
The
prlc
of
wheat
r,
n
cost
s,
low
that
It
hardly
af-
company,
borrowed
millions
from
in
1029
was
double
today's
price
inc
Danns.
un
no
single
instance
so
requires
oruy
nan
mc
oani.
cut
banking
equipment
It
would
ve
we
had
any
difficulty
In
get
loan
to
finance
wheat
today.
.
.
.
v--
f
1nr
nt
vet-
wantArf
UV
hnv
nvpr
'PVntnn.illv
I
pWe
lh
"banks
a
Si
GIVE
THEM
FRY'S
-
it
is
BETTER
i
ooooooooooooooooooooooooooouooooooooaoooooooooooooo
.1
MacKenzies
Furniture
Extb.
1924
Venetian
Blinds
Made
by
KIrsch.
New
spring
steel
can
be
flex
rd
apart
eight
Inches,
cannot
warp
or
rust,
feather-like
lightness,
complete
control
of
light
The
latest
in
Venetian
Blinds.
Trrmi
Arranfed
"
1
DC
almost
lmWSlDte
tor
uir
nan-
-
.
......
..
-
----
:
1
.
ht
anri
ubnnn
fishprmpn
to
on-
wen
refused
a
loan
and
our
loans
clean
bill
of
health
and
repeat
erate
We
buv
hn'
but
and
salmon
nave
neV"
n
pal,ed
even
n
th
cur
slogan
should
be
Hands
of
In
dollars
and
our
customers
sell
depths
of
the
depression
I
have
the
banks.
It
In
pounds,
francs,
marks,
kroner
i
i
tV
bank"
collects
all
these
for
us
rnd
gives
us
back
dollars.
They
protect
us
against
exchange
fluc-frtant'.
We
get
our
money
back
In
Rutwt
the
same
day
the
goods,
are
delivered
In
England,
France
Norway
or
Pwden.
Think
of
the
people:
yho
buy
annuities
at
the
present
rate
make
money
one
part
of
Canada
and
the
world
lP
Z
U!L
-
;i
n'
m
i'
-i
.
a
.
i..
-
.
.
...
ind
Davs
for
his
goods.
Now
tn
on
u.
i'ossiDiy
me
government
wisnes
to
encourage
sav-
j
anomer
w
pay
aeois.
hAk
rnmt
setthment
between
irigs
ih'
that
manner
and
is
willing
to
lose
a
little
money
rourth-safe
investment
of
the
ad
I)er
techniqUe
0f
with
that
end
in
view.
At
any
rate
this
seems
a
good
time
pepflehs
fT"!"
cat
an
this
has
been
developed
over
ft
buy
before
the
rates
are
changed.
.
vuardur;
.
can
break
down
overn,Khl
11
tnere
I
neonle's
lavln-i
peopie
s
savings.
i,.,i
,hk
nr
hnnV.
WHICH
WAS
BETTER
SYSTEM?
"Most
important
is
savings
ac-
B',
parUcmarly
true
The
New
York
Times
publishes
comparative
figures
counts
There
are
over
four
minion
Canada
wh08
prosperity
de-in
regard
to
the
national
incomes
of
Britain
and
the
Un-
S
LvSSatToJiiS"
nd
on
keep,ng
the
n5w
r
co,m.
ft'prl
St'ntP
vvitr.
-a
vipW
tn
onnwinrr
tW
t
ho
Rritish
svst.Pm
T!!!!1"!.
modltles
moving,
without
restraint
,cu
"'
or
over
one
,nlto.the
Grid's
markets.
There
Is
ui
uay
at)
yuu
v.u
was
ucllci
uiau
ine
niei
luiui
.y&v.ciii
ui
every
wree
or
ine
jnen,
women
anctj..
nd
.
.
,jf,
industry
r
In
t
trying
to
spend
itself
out
of
the
depression.
:
children
in
this
country
has
a
sav
in
connection
with
this
we
must
always
remember
pass
book.
This
represents
the
ooooooooooooooooooooooooooocsoooooooooooooooooooooooo
Heat
In
Blasts
from
Coal
That
Lasts
BUY
Bulkley
Valley
Coal
UNION
STEAMSHIPS
SPECIAL
WINTER
EXCURSIOiN
RATES
TO
VANCOUVER
I
KOM
PKINCK
ItUrKICt
ritor
tout
Simpson
$30,00
RI:Tl,KX
Meals
and
Itedutcd
Itale
td
Vancouver
also
ipply
from
Intermediate
polnU
Special
TickeU
on
Sale
Between
November
M,
193K
ami
1'ehriiary
28th,
1939,
Inrluslve
Go
d
to
Itetirm
up
to
March
31,
1939
Children
Half
Part
Steamers:
Leave
Prince
Rupert:
Ar.
Vancoaver
CAtALA
Tuesday,
1:30
p.m.
Thursday,
a.m.
S.S.
CAROENA
Friday,,
10:30
p.m.
Monday
a.m.
Tickets
and
Reservations
from
Prince
Kuptrl
Attn
t
A,
W.
NEWMAN
Third
Ave.,
Phone
5C8
If
Convenlrnt
Please
Purchase
Tickets
at
Office
"NT
KKX
Bowling
Alley
Kor
Health
and
m
rillm
Wiut
Ltne
Rowt
Kor
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