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EDITION.
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ef
support
and
still
have
all
the
beauty
of
style
which
have
made
them
so
famous.
Carried
in
Klack,
Drown
and
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in
fittings
from
AA
to
E
width
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The
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THE
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THE
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PUEss
He
Ok&adlMi
Press
U
excluiKelT
eoUed
to
uw
rr
muMum.
.
tfcptebr
CTKli-Ud
o
tt
cr
lo
tbe
AaaocUUxi
Ptwb
tn
th
wf
and
mix
th
All
ngbto
of
tepublicaiioD
ot
special
dapaloho
Uwraln
e
iko
TCnmnJ
Friday,
June
2
1940.
EDITORIALS
A..,rU,.
;
:
i
t
i-
vrb.
uiuer
peopie
nave
to
realize
mat
we
are
in
a
changing
world
and
that
we
must
accept
the
change
and
even
greater
changes
with
complacency.
GERMANY
!
LOWERED
STANDARD
Bankrupt
Nation's
Canc-
O
Carryinr
On
Lonf
War
At
Enormous
Price
By
CLAUDE
A.
JAOGER
Associated
Press
Financial
Editor
NEW
YORK.
June
21:
AP)
War
;s
fantastically
costly.
Yet
a
;
nation
internationally
bankrupt
and
vasUy
deficient
In
natural
resources
Is
able
to
build
and
launch
a
war
machine
of
such
might
and
destrucUveness
as
to
shake
the
world.
1
How
does
Oermany
cj
it
in
defiance
of
traditional
economics,
in
seeming
repudiation
of
all
accepted
canons
of
finance?
It
was
only
six
years
ago
that
the
Reich,
'denuded
of
gold
and
foreign
balances
and
her
credit
shattered,
'suspended
payments
on
all
foreign
i
debts.
Dr.
HJalmar
Schacht,
then
head
of
the
Reichsbank,
complained
of
his
country's
dependence
on
foreign
raw
materials,
appealed
to
the
world
for
a
"spirit
of
com
promise,
patience
and
good
will."
Financially
and
economically,
the
nation
seemed
down
and
out.
Yet
within
a
few
months
Adolf
Hitler
was
rapidly
developing
his
vast
and
cosUy
armament
program
Last
autumn
Hitler
said
he
had
spent
60.000.000,000
Reichmarks.
The
world
was
Incredulous.
S-nce
the
German
currency
was
unbacked
by
gold
and
had
no
free
market,
one
could
not
say
how
much
that
was
in
dollars
but.
at
ne
official
rate,
it
would
come
to
$36,-000,000,000.
What
Germany
is
currently
spending
is
not
known
but
tne
rate
of
expenditure
is
enormous.
British
sources
iiave
placed
it
at
!$15,00O,COOJjO0
annually.
Some
estimates
are
higher.
Aiy
cons.dera-.tlon
of
what
can
be
spent
on
war.
economists
explain,
must
begin
by
U
(-1.1
,1
.
1
a
nuuiiuig
mi
peacetime
sunaara.
In
1914
economists
were
almost
unammous
that
no
uauon
wa
financially
able
to
wa?e
war
for
Jmore
than
a
few
months.
Yet
tht
'direct
money
outlays
of
the
Firs
Oreat
War,
exclusive
of
costs
of
life,
destruction
of
property,
depreciation
of
capital
and
loss
0,
,
trade,
has
been
calculated
at
the
astronomical
figure
of
$186,000,
000,000,
about
seven
times
ti
entire
amount
spent
by
the
United
States
government
from
1789
to
i
,1916.
Z
'
-
-
w
"!'
I
tV
aIIU41U
cation,
the
v
ar
v
ill
he
won
not
by
the
country
with
the'
Consideration
of
how
Germany
most
planes
hut
with
the
country
with
the
most
and
be
a
"Pr"
"have-not"
nation,
has
trained
aviators.
The
superiority
of
British
aviators
i?
J"?
aW!
to
?ay
f,or
tm
bretlth-
r
!
this
era
when
war
rolls
on
wheels
power
of
quick
initiative
than
the
Germans.
A
Germar
'and
plunges
through
the
clouds
flip
nf
f
if'pr
ia
nwntfrA
u
c
vomoLMnir
tlmf
nnnnUn
.-n
u
umAim
vi
with
a
mediocre
shin
can
fly
'
rings
around
an
inexperienc-
siVe
thzn
m
191418
mus
ed
nilnt
in
tho
fnstpr
Viin
1
i
to
the
beginnings
of
the
Nazi
re-
The
writer
poes
on
to
tell
what
a
large
number
of
trained
pilots
there
are
in
the
United
Stat
Yrt
if
tv.
gime.
Hitler
found
some
30
percent
of
rtprman
workers
-
"
"---w-
vi
n
'
uneraDloved.
micmuiuicu,
Far-
rai
-
supnlv
of
nianes
is
to
be
as
large
as
is
already
suggested
torI"
wre
wie.
There
wsinevor
that
is
fifty
thousand,
there
would
have
to
he
more
thar'r",n"v
to
lplDOrt
entiai
ma-fifty
thousand
additional7
trained
young
men
to
handle
!tef1flsand
iood
m,pp,,lM
ln.ml
tiSLfftr"
Mv4at
leastre
hundred
t1
f,:ftv
c
sss
ysr
thousand
mfen
in
addition
to
eround
crews.
It
takes
time
try.
labor,
trade
and
finance
such
to
tram
thene
men
and
that
is
whv
the
Empire
Training
hai
r",'er
before
been
applied
Scheme
was
adopted
in
Canada.
It
Was
the
knowledge
n
an
m0(ern'
Industrialized
na-that
the
y
ar
would
be
won
by
men
as
well
as
by
machines
0oiL
mn)rnl,
InrreH
nH1
that
caused
the
inception
of
the
scheme.
government
tells
you
what
you
"
may
eat,
what
you
may
wear,
A
l-AMiIMi
PITAVr'TX'P
wrniii
WUKLl)
r
where
you
must
work,
the
hours
you
shaj,
what
wages
you
We
are
in
a
changing
world.
The
whole
mentality
of
may
J6"!"'
what
.f,
?"
gha11
the
mass
of
the
people
is
different
from
what
it
wa8
fifty
u
ee
fSSi
you
years
ago
or
even
a
quarter
of
a
century
ago.
The
young
are
told
what
you
shall
make,
people
are
different.
They
have
less
respect
for
authorit-
what
you
win
sell
it
for
and
that,
and
are
keener
to
strike
out
for
themselves.
Yet
we
find
afUr
ou
hive
Pald
your
Uxcs'
in
some
cases
a
decided
lack
of
initiative
in
finding
iob
proflts
must
loaned
10
for
themselves.
They
hear
from
a
certain
section
of
the
'ZZToTZS
that
the
country
owes
them
a
living
and
they
sit
SyJStS
SE?SK
-people
down
and
wait
for
the
job
to
come
to
them.
This
is
par-
invest
the
funds
of
your
institu-
tllllln',.1..
4
...
-
C
...'Ui.
11..
1...
""iw"
uu;
Mi.
nat
are
generally
Known
as
-vage-eam-
uon
Only
last
month,
the
British
eov-
emniept
sked
and
received
similar
authorization
powers.
Regimentation
1
a
nrovram
of
enormous
ds-
tall
and
takes
time.
Hitler
had
a
LUCKY
PEOPLE
sfx'vear
trt
The
people
of
Canada
are
lucky
people.
Thev
are
far
WdT&
from
the
prepenUeenes
of
carnage
in
Europe.
They
are
rowing
all
of
the
peooie's
savings
well
fed
and
Well
clothed,
at
peace
with
their
neighbors.
the
government
can
lay
its
hands
In
order
that
Canadians
can
continue
this
way
it
is
neces-
on'
but
by
wvcre
crWice
of
the
,
sary
to
make
sacrifices.
We
must
provide
money,
neces-
Undard.of
,,v,n'
and
f
the
erea-une
for
wounded
soldiers,
food
for
the
people
S
Great
tUre
llLZT
Britain
and
some
must
go
to
Europe
to
help
hold
back
the
or
m
one
may
have
but
one1
I
enemy
so
that
the
war
may
be
prevented
from
spreading
of
meat
a
week,
only
cab-'
to
this
country.
It
is
better
to
be
fighting
in
Europe
with
bage
"nd
potatoes
are
reasonably,
the
women
and
children
safe
at
home
than
to
have
the
p,entUul
You
r
tM
exectiy
savages
of
Europe
bombing
our
homes,
ravishing
the
wo-
0
hat,tmof
clothing
you
may
buy'
men
and
destroying
everywhere.
J"
a
year
and
the
quota
per
person
J
makes
prison
life
in
America
seem
"THK
DAILT
NEWS
almost
opotant
For
instance,
wj-j
men
are
allowed.fourpairt
eS
J
tngs
annaally.
Thus,
economists
explain,
the
whole
national
effort
is
geared
for
war.
Normal
replacements
and
repairs
to
industrial
plants,
houslna.
institutions,
not
needed
for
the
eon-duct
ot
the
war.
are
neglected.
Walther
Funk,
present
head
of
the
Reichsbank,
said
In
April
production
of
consumers'
goods
must
be
restricted
and
business
men
must
lefraln
from
investing
in
replacements.
Savings,
he
said,
must
be
made
available
to
the
Reich
through
savings
banks
and
credit
institutions.
How
much
of
the
total
German
effort
is
going
into
war
it
Is
impossible
to
estimate,
but
an
an
lyd
of
the
situation
at
the
outbreak
of
the
war,
reoeatly
made
public
by
the
US.
Derailment
of
Commerce
said
that
taxes
and
other
levies
in
the
fiscal
year
1938-39
took
47
per
cent
of
the
national
income
Currently,
the
percentage
is
presumably
higher.
j
But
aside
from
the
intensive
Internal
organhtttton
of
the
Reich,
she
has
the
problem
of
finding
ways
to
obtain
essential
materials
from
abroad.
Of
three
principal
industrial
materials
coal,
iron
and
petroleumGermany
is
well
supplied
only
with
coal.
Domestic
sources
of
cotton,
wooi,
copper,
rubber
and
a
host
of
other
materials,
are
lack-in?.
Regulation
of
Trade
First,
jay
international
trade
authorities.
It
must
be
remembered
that
Germany
imported
greatly
more
than
her
normal
needs
c.f
many
supoHe
in
the
years
before
the
war.
Also,
early
in
the
Nasi
regime,
all
foreign
trade
was
placed
under
rigid
regulation
Free
dealings
in
the
world
mar-
Vat
in
OfmsB
ennantr
"What
does
that
remind
you
of?"
"Sec
a
white
horse,"
they
used
to
say'tfntl
if
tu'll
be
your
lucky
dayV
It's
still
true
of
Scotch
Whisky.
Choose
"White
Horse"
and
you'll
never
forget
the
lucky
day
that
introduced
you
to
the
delicate,
delightful
aroma
of
this
Real
Old
Scotch.
First
blended
in
1746
.
.
.
choice
of
connoisseurs
ever
since.
26
oz
$3.75
40
oz.
...
$5.C0
-
-
.
.
.
Bed.
An
American
txporar
eosun
tt
payment
in
German
money
mi
it
was
kept
In
the
country,
me
exporter
could
use
the
currency
there
to
buy
German
foods,
winch
he
could
then
import
to
the
United
States,
sell
here,
and
thus
got
This
sounds
complicated,
but
a
whole
range
of
different
kinds
of
German
money,
which
one
eomld
get
In
varying
amounts,
depending
upon
the
type
of
transaction,
often
enough
made
these
deals
attractive
to
foreign
traders
For
Instance.
the
Rekiumafk
has
an
"official
change
rate
of
about
40
American
cents,
so
that
m
selling
a
$41
article
n
Osmany.
one
would
ejt
100
Relchemarks.
But
on
certain
transactions,
desirable
to
that
government,
one
would
get
30-cent
Reirhsmarks.
or
300
of
them.
Nevertheless,
the
supply
problem
for
Oermany.
in
the
minds
of
mo,
aronomic
and
military
exoertv
remain
Hitter's
Achilles
heel.
Of
coal,
he
ha
plenty.
Iron
supplies
have
bean
increased
by
the
seisur-of
Luxembourg,
and
Sweden,
chief
ore
supply
base,
must
presumably
do
what
she
can
to
meet
German
demands,
taking
currency
good
onhr
In
Oermany.
spending
it
there
for
what
supplies
she
can
get.
since
she
1
-
cut
off
from
assistance
and
supplies
from
Allied
powers.
The
Reich
has
acquired
big
food
and
Industrial
supplies
by
her
sea-ur?
of
the
Low
Countries
and
Denmark
but
will
have
a
oroblem
of
reeding
their
peoples
when
the
supplies
are
used.
Oil
seems
the
most
seriom
problem
Internationa
ail
-xoert.i
say
even
if
Germany
wr
nh'.e
to
?:-.-
en!;n
F
jt..,-
v
an
WHITE
HORSE
SCOTCH
WHISKY
S"N
t.
it
J
at
'.
."
'
.':
i
Control
Board
or
by
the
Government
of
British
Columbia
i
nual
output
of
that
country,
togeta-'
er
with
the
Reich's
own
small
production
and
what
she
is
getting
from
Russia,
would
mean
in
a
year
only
what
the
United
States
produces
in
W
days
Thus,
most
experts
agree,
the
fantastic
Oerman
organization
and
endeavor,
economically
and
flnan-
I
-
elaHy,
seems
to
make
.w,
U
Oerman
vlctorT!
T
tntrts
observe
there
TLf
QikMUon
of
bow
Ion
!h,
7?
people
would
endure
th.
Ihej
.
calls
up,
an
vert
ui
,
It's
a
SALE
Used
Radio
Bargains
anyone
can
afford
i-tube
-Detrola-'
TjWe
Set
i-tube
-rhilea"
Msntti
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lorrst
tnIr"
Mantel
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7-ube
"fiefieral
flertrk"
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-tubc
"General
ilerlrlc"
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10-tube
All-Wttve
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Gemote
Model
(llebe
Tr(ter
eoHlrwl
m
7-tuUe
"Ie
rarest
Creley"
t'omole
Model
l-lube
liadia-r-lHmf
raph
CemblMtion,
"De
lrwt
Cr4ey"
Constat
reasptete
ih
W
Itemrds
ei
into
sections
for
convenient
C-
tZ
packing.
Special
FURNITURE
2
only
hfe
Upholstered
Chairs
Left
from
suites,
reg.
$25.
Special
2
only
Maple
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Top
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Regular
$11.50.
Special
.
.
2
only
Maple
Night
Tables
Regular
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Special
1
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Occasional
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High
grade
material.
Reg.
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Special
ttu
in
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l-tube
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e
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USH
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ii-
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ALE!
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Consisting
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oe
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Heeu-
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t
1
)
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QOA
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Size
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Ueg.
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Special
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2Dx20xJ),
ig
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ra
I
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STORE
Moose
nulldlnr.
Third
Arenue.
Trlnce
Rupert
Hours
from
8:30
a.m.
to
3:50
p.m.
rhone
OR
KEN
1
SOUTH
TO
VANCOUVER!
calling
al
OCEflK
FALLS
id
POWELL
RIVEI
c
.!.c.a.mcr
'aves
I'rincc
Rupert
Every
SATURDAY,
1
p.m.
MONDAY,
3
p.m.
Trains
u.av(.
jrincc
nupcrl
for
n,c
Kast
Monday,
Wednesday,
Friday,
0
p.m.
AIR-
CONDITIONED
SLEEPING
CAR
For
fares,
etc.,
call
or
write
t'ltr
Ticket
Office,
S28
3rd
Ate.
V-39-40