I PAGE TWO THE DAILY NEWS SATURDAY. JANUARY 23, 1943 THE DAILY NEWS PRINCE RUPERT, BRITISH COLUMBIA Published Every Afternoon Except Sunday by Prince Rupert Dally News Ltmltei, Third Avenue O. A. HUNTER, MANAGING EDITOR LOCAL ADVERTISING Transient, per Inch .. Contract, per Inch Readers, per line Black Face Readers, per line $1.00 50c 25c 40c Business and Professional Cards inserted dally, per month, per inch - , $2.50 MEMBER OF THE CANADIAN PRESS The Canadian Press is exclusively entitled to use for publication of all news despatches cfedited to it or to the Associated Press in this paper and also the local news published therein. All rights 01 republication of special despatches therein are also reserved. DAILY EDITION Saturday, January 23, 1943 EDITORIAL The Red Cross ... The Red Cross, while it may not be very ostentatious about it and has not been getting a great deal of publicity of late, continues to carry on a great and valuable work in Prince Rupert. It is not only doing the work of ; providing made garments and comforts for service men and civilians but it has been and continues to be active in the way of organizing immediate relief should disaster of any kind occur in this area. In the event of anything calamitous ever happening here, the suffering people would soon appreciate the good offices of the Red Cross. Otherwise, there may be little realization of what is being done. Nevertheless, faithful workers keep on their efforts unremittingly. Unfortunately, their numbers are few when one considers how many there possibly could be. The local Red Cross Society may well regret the dropping out of that good, useful and conscientious citizen, Weldon McAfee, as its president, Mr. McAfee having felt it his duty to put such spare time as his business responsibilities permit to use as an officer of the local reserve unit. However, an able successor has been found in Arnold Flaten, who has proven his worth in community service generally and has been particularly active in Red Cross as the treasurer of the local branch since it became active at the start of the war. We have mentioned Mr. McAfee, and Mr. Flaten personally but 'there are others who have also been doing fine work and are deserving of every commendation. Among these are Harry Breen, the secretary, and Mrs. C. H. Elkins, workroom convener. In voicing appreciation of the local, Red Cross work and bespeaking for it future success, we can only express the hope that the faithful workers who are carrying on with considerable sacrifice through generous application of time, effort anl possibly some personal expense, too, may find coming forward to offer their assistance helpers as zealous and industrious for the good cause as they are themselves. Wounded Plead for Medical Aid . . . Medical people can understand in ways that others can't what the Russians are up against. On the 2,"000-mile Russian front, some 15,000,000 men and women are engaged. It is a front where human flesh has to contend with burning frost as well as with gunfire. Knowing this, medical people can well understand what the Russians face. Over three million have been wounded on the Russian front. There are heavy casualties behind the front. Hundreds of thousands of victims have been found in the liberated villages women, children and aged who have been starved, worked to states of exhaustion and tortured by the Nazis. There are countless cases of frost-bite 'and shock among those made homeless and driven about by the enemy. In the cities under siege, large numbers have been severely undernourished. Physicians, nurses, psychiatrists, dentists, pharmacists, social workers, all who engage in the medical-social field can well understand what their colleagues in Rus sia are up against. They can understand how dreadful it is to have to work with a serious lack of drugs anr7 hospital supplies, without enough food and warm bedding for patients. Never before in the history of the world has medicine been faced with such a challenge as faces the health workers in the Soviet Union. The Russian people are, literally, blocking the Nazis with t their bodies. Medical workers can understand what an appalling price the Russians are paying for their gallant stam1 against Hitler our common enemy. The medical supplies we can send to Russia will be extremely well used. H. W. Blakeslee, Associated Press science editor, has reported that the recovery rate among all the wounded on the Russian front is 98.5 percent. Rus-sian medical and related services have sent back into ttir war, .close to 2,000,000 persons. They are now back in there, fighting for us as well as for themselves. t What a gift this is to the Allied cause! The' value of this crift can best be understood by our medical people. That is whv the Canadian Aid to Russia Fund must appeal especially to the medical and allied professions in Canada. Their gifts of medical and surgical instruments, or of cash to buv hospital supplies and warm things for the wounded in Russia have exceptional value. The Canadian doctor can, through the fund, hand over to his colleague in Russia, the means of saving lives that are precious to both nations. ' ' " The Royal Bank of Canada 74th Annual Meeting Morris W. Wilson, President and Managing Director, urges post war planning on basis of free enterprise Only system likely to appeal to self-reliant young Canadians. Sydney fi. Dobson, Vice-President and General Manager, reports assets over .$1,291,000,000. Liquid position exceedingly strong War adds heavily to routine duties of banks. The intent and ability of the free enterprise-system to meet the challenge of the' post war world war the keynote of an address by Morris W. Wilson, President and Managing Director of The Royal Bank of Canada at the bank's 74th Annual Meeting. "Assuming intelligent co-operation on the part of government," said Mr. Wilson, "free enterprise, which has already provided for ths people who live under it the greatest degree of comfort and security In the world's history, can meet the challenge of the post-war world. It can, by accepting further social responsibility, save the people fiom the evils that accompany state controlobliteration of private life. destruction of personal freedom, el imination oi Individual Incentive, and the extinction of those extra gains which fairly go to those whs work specially hard. , Free enterprise, with Its wealth of experience, established position, and wide resources, is the only system known to us under which the job can be done. The prophet who now foretells that our whole system will be swept away in favour of some economic heaven and earth as yet unformed, is not only misguided but dangerous. He Is dangerous because his preachings mteriere with confident concentra tion on the war effort, and they are menacing to the practical solution of the problems of peace. "Changes must take account of realities rather than theories. When this war is won. the soldier will wish to get back to his everyday me: tne larmer win still want to own his farm; the small house-owner will desire to retain his ownership; the retailer, the" whole saler, and the manufacturer will be found as anxious as ever to canv on their own branches of our free enterprise; and the three million thrifty holders of their country's bonds will still look for, and be en titled to. their Interest earnings. "The idea of profit, which is merely payment for work and Initiative, is deeD-rooted in human nature, and after the war it will still motivate Individuals and corporate bodies. In progressive coun tries, development is constant. As to sudden revolutionary change which would unroot the economis svstem, uDset the mode of life and disperse the savings, investments and Insurance of th people of this nation, I think the broposltion needs only to be stated to reveal Us folly. At the same time, it is dangerous to allow its propaganda to eo unanswered." BENEFITS OF FREE ENTERPRISE Mr. Wilson said he did not ridicule the views of anyone upon the sole ground that he was a socialist or demagogue. "The weakness however, of those who theorize about post-war economy" he said "often lies In their lack of Dractical experience of business and their disregard of the widespread, undeniable diffusion of the benefits of free enterprise in the form of rising standards of living. This experience and these facts are readilv available. Business should assemble and analyze them, and present to the public their Irresistible conclusions, showing the frue Intent and ability of the svstem of free enterprise to do the things that need to be done. That is the only real way to carry the ludement of the neonle. "There are plenty of hard-headed oeople in Canada who, for Instance, have money In the bank: there are more than five million deposit, accounts, totalling more than $3,300 million. Your bank alone has substantially over one million deposit accounts. There are more than three million Canadians holding their country's Victory Bonds. War Savings Certificates or other gov- , ernment ooiigations. There are more than four million individual holders of life Insurance policies In Canada. These are the neonle who. alert to their own well-beine, will tell the theorists and agitators what changes are accentable In the nlode of life which, with all the faults It may possess, has produced these savings and these bulwarks of personal and family security. These are the neonle who must be considered by those who seek to. Influence the course of events." Mr. Wilson readily acknowledged that the svstem of free enterprisJ in fact the whole economic svstem and our Institutions of free Government, were the results of volution and expressed the conviction, that . some of the changes which had bpen brought about bv the war would remain. "Ther usf ind will be development, particularly in the realm of maximum employment pnd freedom from want. The ordinary neonle of the world will look to some agency at the war's close to avert, mass unemployment. No pretentious plans for pensions, nor all the social security measures devised bv Governments will he effective without a solution of the employment prcb-lem." he said. COLLECTION OV TAXES Referring to the present rrWhori of collecting personal Income tnyps, Mr. Wilson exnrcspd the nnjn'on that the nresent eluht months' lap In payments created a mt eHous difficulty so far as th lndividu'l tavrwer was concerned jjnd eonld not be In the best interests of the country. He pointed out that at j present the taxpayer was always ! eight months in arrears in his pay- j ments and that this extra tax lia- i bility could, under certain circum- i stances, become a very serious bur- aen. ne.ieii mat a cancellation oi taxes for the eight months involved would not necessarily result In any dlmlnitlon of revenue to the State. It would only become neces- ; sary to letaln the higher scale o ! taxation for a somewhat longer peiiod, and at till times the Govern- ' I ment would then be collecting Its i taxes from' current earnings and net on earnings oi the preceding year. Mr. Wilson hoped that ths i Government would respond favoui-: ably to the many representations : that were b;lng made to it on this ! subject. ; GENERAL MANAGER'S ' 'ADDRESS j In presenting the- financial state-I menCMr. Sydney G. Dobson, Vice-President and General Manager I noted that the present high tempo of business activity due to war was clearly reflected In the bank's balance sheet and that under a num-be: of headings record levels had been attained. Despite steady' expansion in the bank's business, profits had been reduced, due In part to relatively low yields on the bank's heavy investments In government bonds and to Increased taxes. Because of the decrease in -net Income, the bank had found it necessary to reduce the dividend rate of 87r to 6";t In this connection' Mr. Dcbson noted that during the oast 12 years bank shareholders hart Viflri thnfp rtlvMenrtc rorli,.o. ..u V.. ? U V .. V. J .V.V.UWV. inu.e tuasucaiiy man inose inmost other lines of business and that on the basis of today's dividend, the return is only 3.27 on the average cost or the shares to the public over a period of years. "Total assets are now $1,291,615,-946. an all-time high In the history of the bank and an Increase during the year of $216,496,185," said Mr. Dobson. "Our liquid position is uially very strong, total linuid as-! sets or $906,440,239 representing ; 75.44 of our total liability to the public." Mr. Dobson also noted that deposits totalling $1,181,217,192 had increased bv over $225,000,000. Of the total $929,039,940 were In Canada. COMMERCIAL LOANS "Commercial Loans in Canada expanded during the vear $13,3R5,-555, and are now; $255,148,401. Included In this amount are temporary loans of $42,971,183 to assist purchasers of Victory Bonds. As there was but a small total of such loans current at the end of the previous year. It will be seen that ordinary commercial loans are siderably lower as compared with a j year ago. Considering the tremen- dous expansions in business activity throughout Canada, the situation Is anomalous, but the explanation is that the expansion is large- lv In connection with war work. This Is either financed directly by i the Government, or, because of nromDt settlement for monthly or fortnightly accounts, the manu facturer Is able to finance without any. or at any rate with very moderate, assistance. There has hever been a period in the history of this bank and I may say a similar situation applies to the other banks when the ratio of Commercial loa ns to deposits has been so low. Ths outlook in this respect is not encouraging, as unfortunately the tendency seems to be for the Government to extend its policy of directly financing Industry engaged In war work." The General Manager reported that. In conformity with the government's wish to conserve manpower, the bank had closed 39 of- I flees. This, he said, did not mean lessening of business for the bank but rather a consolidation. It did, however, represent an Inconvenience to some of the bank's customers but he felt that they would appreciate the exigencies of war necessitated such steps. MANV OF STAFF IN UNIFORM "During the war period oifr staff In Canada has Increased from 5,165 to C.049. the new members being almost all younr women. Our male staff Is now reduced to 38 per cent of the total and it Is not uncommon to find that at a branch with 15 to 20 employees there are only 4 or S men, I cannot speak too highly of the manner In which these new-members of our staff, many without any previous business experience, have carried on their duties, often under difficult conditions. Routine work has Increased as a resi'lt of war activity. The handling of Victory Loan applications and the negotiation of coupons alone entail a preat deal of additional work and the volume of cheaues In circulation has grown considerably. Many of the young women recently engaged are called unon to assume responsibilities which under normal conditions would b" performed by exnerlenred men. This mpans that the senhr off'cf?, jn addition to Irokin? after their own duties, must devote much time to supervision nnd training. . " We are nfoud of the contribution mad by nur gijnff to the armed services. Since the outbreak of war we have "ranted leave of ah. sence for mllltatv&ervlre to 1.871 men. Of this numbefr.1,792 enlisted from Canadian branches, and this is equivalent to well 'over half of the male staff under 45 years of age at the outbreak of war. I am sure I am voicing the feeling of the shareholders when I say that we wish a safe return to these men who are serving their country so patriotically. "Unhapuiiv there have been casualties. Thirty-four of our youns men, whose names are recorded in the printed proceedings of this meeting, have given their lives in the service of Canada. These names are held In honour, and we pay tribute to their memory." ACTIVITIES OF Y.M.C.A. AND Y.W.C.A. By DOROTHY GARBITTT The Hostess Hereafter the "Y" shows and dances will be held at the Empress Club at the corner of Sixth Street and Second Avenue and Just across from the Prince Rupert Hotel. This place will only be open to the Services on dance and show nights. The "Y" Hut on Third Avenue will carry on as usual as a recreation and reading centre and bingo and whist or bridge drives will be run there" week nights. The other day I mentioned seeing a girl In the Post Office wearing ear muffs and Just for fun asked her address, meaning to borrow the ear muffs. Today I had a letter from a correspondent whp asks me to wlthold her name, say- ; lng the young lady In question is Nora Thomas. She goes on to say "she goes into the Post Office every morning I am sure this ls your young lady she is a lovely girl." Just In case Nora gets Ideas into her head, my correspondent is a lady! Is it you Nora or a couple of other girls? There will-be the usual concert for the Services In the Caoitol; Theatre on Sunday evening. Tick- ets which were given out for the cancelled concert about a fortnight ago are still valid. If you have lost your ticket In the meantime, you will have to take a chance on getting In to any vacant seats after nine o'clock. After this the Ontario Regiment will hold a dance every Thursday night and hostesses will meet at 8:30 p.m. as usual. Another dance, or rather two dances, scheduled are on Friday the twenty-ninth when the Win nipeg Grenadiers will hold a dance at the Empress Club. Girls may . go directly to the club. A week later I on Saturday, February 6, the ser-geants of the Grenadiers will hold a dance at camp and hostesses will meet at the "Y" at 8:30 p.m. for this dance. The Navy Is planning a dance for Saturday, January 30, at the barracks but there are no further details as yet. So It looks almost like a pre-Chrlstmas program, doesn't it? WE CARRY Everything For THE WORKING MAN It will pay you to come In and look over our large stock of Woollen Goods. B.C. Clothiers PHONE BLACK 324 Third Avenue savoy HOTEL Carl Zarclli, Prop. Phone 37 P.O. Box 541 FRASER STREET PRINCE RUPERT Canadian National Railways TRAINS FOR THE EAST WILL LEAVE l'RINCE RUPERT: MONDAY. WEDNESDAY and FRIDAY, 7 p.m., stopping at ' all stations. WEDNESDAY and FRIDAY, 10:30 a.m., stopping at principal points. LOCAL TRAIN for TERRACE DAILY except Sunday, 4:15 p.m. INCOMING TRAINS WILL AUItlVE PRINCE RUPERT: TUESDAY. FRIDAY AND SUNDAY, ld:30 p.m. THURSDAY and SATURDAY, 7 p.m. LOCAL TRAIN from TERRACE, 11:20 a.m. Daily except Sunday. AIR CONDITIONED SLEEPING AND DININO CARS ON ALL TRAINS REGULAR STEAMER SAILINGS TO KETCHIKAN, OCEAN FALLS AND VANCOUVER For full Information, etc., call or write R. S. GRE1G, City Passenter Agent 528 Third Avenue, Phone 260, Prince Rupert, Agents for Trans-Canada Air Lines Queen Mtary Club Made Fine Record During the past year members of the Queen Mary Refugee Club, affiliated with Queen Mary Chapter, Imperial Order, Daughters of the Empire, has done magnificent work. It has sent to Provincial Headquarters in Vancouver for shipment overseas to the bombed out area victims In Britain 493 sewn or knitted garments which is considered a splendid showing. In addition to this the members of the club donated the sum of $32 with which 'garments were bought for the children in Britain. The list of garments sent Is as follows: 44 sweaers. 20 wool and flannel dresses. 71 pairs bootees and stockings, 19 pairs mitts and gloves. 44 bonnefs, caps and parkas. 16 baby coats. 1 boy's knitted suit. 47 nightgowns and pyjamas. 9 pairs bloomers. .44 pinafores. 22 woolen shirts. 12' pairs soakers. 12 diapers. 16 pairs boys' tweed pants, 8 baby blankets. 8 pairs braces. 9 baby bibs. 3 baby slumber bags. 8 hospital bags. 1 lady's coat. 1 lady's dress. 4 scarves. 7 petticoats. 18 pairs' men's pyjamas. 16 large blankets. NEW SWEDISH CITIES STOCKHOLM, Jan. 23 0 -PopU. i.iuuu uiuitra&es during ivu wr 'reported by all but 14 of Sweden 1 121 cities. Two communities be- came cities, Sna, near s: . holm, and Sandvlken on the c , 1 KWONG SANG IIINO HOP KEE CHOP SUEY House Next to Klnir Tal 612 7th AVE. WEST All your patronage welcome Openi 5 p.m. to 2 a.m. Ootsld Orders from 2 p.m. to 2 a.m. Phone Red 217 Wanted --.Raw Furs JE? ARRET HEST AID Representing HUDSON'S RAY COMPANY Ship to J. E. ORMIIEIM, Cow Hay, Prince Rupert, B.C. Ph. Red 813 50H3aOOOOOOOOOOOmtHKJOOOOOaQOOCHK3CK300000000100CHKKH5tH3 For Quick, Safe and Comfortable TAXI SERVICE PHONE 235 i OAY AND NIGHT WORK BOOTS Out Stock of Working Roots is second to none. Sizes from G t'o 12. Arch-King, Valentine, Greb, Til-sonburg and Sterling makes. Guaranteed solid throughout Priced to fit any pocket. Come in and let us show you. Family shoe store ltD. "The Home of Good Shoes" ' " """ rrT''','Tiriiix,t,I mun.ninrl ELECTROERVjCE Appliances, Ranges, etc., serviced and repaired by competent electrician. Plugs in stalled. Hay and Night Service. PHONE BLUE 881