Prince Rupert Daily News REUTER As I See It Social Credit LeantiR Turns ray . . INDUSTRIAL and KAFFIR INDICES (LONDON stock exchange pricesi Tuesday, Jaiviary 15, 1052 I 'or people bv the (,, . Procure ,, S " - '"Io-t.llt n'lwiWngcol.nnn- ll DfCEMltl I9H EQUALS 100 n independent, daily newspaper devoted lo I he upbuilding of Prince OUN(, Of I Reflects and To Advertising ian oil I , . . I Rrrinfj'or I , 100 INVESTMENT A,751 XTXS AND I "u furmrrn ana central EritiMi Columbia Member of Canadian "ress Audit Bureau of Circulations Canadian Dally Newspaper Association 3. A. HUNTER, Managing Editor; H. G. PERRY, Managing Director Elmore Reminisces ,50 -J'"uC j W VANCOUVER-To uid in the Credit and Alberta ' t growth rowth that Social Credit Is al- It in Ri-tlih ready experiencing ANCIENT C0U,, A small town Is where, when Columbia, ' the British Columbia The U Sy carrier, per week, 20c; per month, 75c; per year, $8 00; by mail, per month, 75c; per year. $8.00. iw you find a girl eating dinner with -,.:, , ,..,.. ,. .....:.... i f,,,i,i .... , u-v of If suits ? ;a man old cnoiwh to be hei an an advertising advertisine eamrmiim campaign. . the the old-s, old- si . J El . father, he is. Brandon iMan.if Lylo Wicks, Provincial Presi Small Man Out? Vital Churchill 130 1 J Sun. J. C. Brady, formerly Federal I dent, stated here that league officials have long realized that thrp ,ir,n, .i.,..-,.. member for Skccna continues to -i,X JLZ . , '"-""'"M"-' YOU COULD write the' history of business in'M0 ' ' "TuTl r 1 1 I 1 1 i ! i cowV1nnciaii S tUVING I t-j-LL! i WAGE .- 1 " T JLu'Ts INCKEaSFS i I 1 I , CKAIJTFD I J make his homo in Ottawa. 7, ua lo w . . cure Information and literature i. ! i v. j ' 6 Vnvmis have heard from him. .,.,. , r. !t.' -is wlwil-irlv imd PtH. ici., , " "..v.... wuii'lj Canada these days in just three words: USES IN moouci ioai COSTS A Christmas salutation ., ' IS CV mi vvtl Loy province. Mr c,..n l ; ioo 1 1 HH r-V,0.-J Li j Wicks stated, "we have been confronted with this problem, umau man out. Newspaper headlines 1 .1 1 ft.:itcd famed lines: "(J ow old. along with mc Tu ' best is yet lo be , Youth shows just half Trust God. see nil 12 o not afraid." Snow Is reported eomnara- tell how one well-run B.C. j lumber company made over! 1 v'aTV'fr" 'J"1 laf I VARIED YEAR-Britain's financial difficulty yui. Thut ia all to the coo:.' t ,i c.,...i, i-..., were reflected by "PROTECTION AGAINST INFLATION" A:H your Invattmvnl Dolr for thm obov folder and pioipeclus of shown on this graph But what is not uomh i. ... I ""wr; P..ee " as sno small lM-.r cmdi co,,. ii - ' Agency. An early-year bu id-un retnineH r,vt some retailers', small manufac- Cf "s Baias 10 "le rnd of October, but ciedit restrictions brought ;turers-ye.s. and smaller news-' 8 sleeP decline In the last Iwo months. Golds lost their strain WINSTON CHURCHILL, despite the advancing years, appears to have lost none of the eolor-iil symbolism which has made him the personification of things truly British. His tour of the United states and Canada, as he receives hearty acclaim very where he goes, proves that. It will he that wav, io doubt, with Churchill as long as he lives. " Years, 77 of them now, are showing their marks, vet he is still a vibrant and a vigorous figure, clear if mind and purpose, strong and dominant. There may have been skepticism before he came A the influence Churchill still could wield and the possibility of tangible results, from his tour Now however, he seems to be accomplishing things As v result of his talks in Washington, it is apparent that a new understanding has been reached and the sam will probably apply to the Ottawa visit. Goodwill was probably the principal thing that Churchill came for. He seems to be winning it. Stewart Coming Back 1 papers a.-e all being crushed out JD,)ul '"'"-year and were in !ow i'r ground al year-end than they ol business. j were at the beginning! (Cl'PHOTOi 'tivelv scarce in Winnip:'n. A; a ruie, huudrcd.s of men are needed to keep the streets char. Hardly any are required today. Prince Rupert, though, could use plenty and it's beginning to tool; as if the job will have to be lt-ft ; to Nat me. j , It is suggested something' should he dime in England t.) enrich the social hie of the public house. Already, the idea is talcing root. Si. me of Shake-. spiare'.s plays will be read anj . This, of course, is not due to I the direct actions or wishes of j the big, most .successul corporations. More often 11 Ls due to 1 V. Many Points About Bankina ine lacts ol.lile m 1952. In tlii.s toiiKh world of ruthless competition it i.s quite true that the bi,t fellow can often nmrliu.A Cleared By Local Manager sen mre eificientiy than his Hanks of Canada have played a uuml1 decisive nart small comiietitor When t.hi i n. . .... i in CALVIN BULLOCK td. so it is only proionBing the 1 "gfess ot this country to date and "will continue asony to try to do much about to have an imnm-tant !.,. in f,U i i tn. CM.ol 14 k, . mm i:t;'iilii!i!iimi;!9:iiitiiii(!iHiiNii!!ip . f- n, it, under this system But there . 1 V 1 l"l ,u""e tievi-iojuiion, ,,tK arc times when government 01 ine nation, declared Edward Boulter, manager of !L0Tn.eln0arc:rds Bank f m, adtlressing the should be stacked aR.iinsi t)w 1 nnee Lupcrt Retail Credit Grantors' Association al small ma,, , its monthly meeting last night. RIGHT NOW a fierce conlro-' .1olv'"t; comprehensive expo- - -- - - MIS WORSHIP William Tooth NOTICE TO SUBSCRIBE!' is mayor of News-IIei-Mlrl IIS Stewart, B.C., says Vancouver r iron is aSo. 1 Ijberal of the vast northwest area of B.C., ' lying along the east of the Alaska Panhandle, he has versy rages in H r wnnrf ' " """" i Lne oanKinr .system Oi Canada, its Wl'rp Hscmed-demancl oeposii functions, workiim circle e,-,no .k techniaue or I (letterbox or current accounts and time iernmcnt n.-nmi m ,,.,'r,. ., a"tl operation, Mr. Boulter re a n i ,- .cieposiLs or savings accounts. It it i f Kl ltS Oil JKITMJSOV Rclitor, Daily News: I see In Elmore Philpot's column that he invites information might not be generally known that banks reserved tiie right, which has never been exercised, of requiring 10 days' notice before paying out from savings ( mne to attend the Liberal executive sessions here. Stewart was a boom town three decades or more ago. It was the terminus of a railway which H H Stevens and others planned to the Groundhog coal deposits and on which the first 10 miles or' so of steel was actually laid. The railway and mining spec- I "forest management lease" to cl "ne "'if"unded state-la brick company. This happens ment" that flancier.s of St. jto be in the thickly populated Jamvi Street have a straimle-iFraser Valley area. The vocif- llultl " tlle b;ink-i f Canada, jtrous objectors declare that if Hp r,'vo;ilwl Uiul shares or the granted, this concession will 0 cnai'tt"'ed banks are held bv have the eflect uf putting many aPr''(,xiiutciy 51.000 .small operators out of busineis ers with ba,lk vinp wom- tJ'JW i HurndTrnir,,,: accnunt.s uf tUn 6er " " v-.ui.iua was i1M, r ,), ,,,,,,.,1. ...i fed ..... But the noint. f.h vi.-it,. rr,,!'u executors or If you hove missed your paper, please phone your newsboy. If you do not know your newsboy's name, coll the office before 5 p m. irorn: iAia i.aird Urrtn m Waits and Nickcr.-.on's lo Prleir.s Mt,l..r- Fu U olO-WW. (itli Ave. West BOO nnd 700 LI k.s UI TK 2-Kalph Olsen. Blue 71S iictman Mlreet; Hail i;tn Kasi t a-al C.ve l!Ol Ti: .1-Vi lir Maskulak. 1st Ave. West 2-18-1077; 2nd Ave We.s) 'll-!(i5 log Ot.h -Street; 3rd Ave. I-rizzeir. Motor; t f". .," West. IIOI'TE 4 Alvjn Nystedl, lllue !38 7th Ave. We. i 704-1427: fl'h Ave Wit it,-'-f;,'i3 ;;, Fulton 81 reel 700 Blo.-k: Tallow' ji re. t mis,-z-- t Ave. u.n iU1 U1C opening o: tne fabulously rich Pre wwilmv. I e h IK l arjoui tins particular transacted by check, the tnlormatitui H is not believed LOAN'S LIFE III, O(il) that this poem was the work of "Loans are the lifebloofi or "lp Prt't although toere's a copy mine under Trites.. Woods atA w;icn i versy is this: !?..sl!m.'i('Ta: Dlvi- liner nmci . a 1 L, . . T. , . ' Th urum giuu io ineir siurenoKler.-, amounted bankinn ' Mr n, ,(,.,. p of It in his handw -it in it ri,u fcMi u -K-aoi niux.i opiUationroseto.'iOnO.Theboom " on'o " Z,Sa ocaie all , Zt I -(! i """i11 4-30 P year on every At the end of' cist October loan's 11(51 br;ir ln- 'sUlml' ,,f Burns int.; , wunuLia Din especially, all jover Alberta nnrl v. c Thi i. tuiiipw, auer i.i and since then the population sank to 300. j the big corporations are gaining -NOW. renoi'ts Mvm- T,r,tV r...n .... , , 'control of vast public resources iuu oi snarcno,;ters equity. in rt ' uvc been other ; Canada totalled $3 150 000 - poems ir ' ' The banks were by no means 000. the handwriting of Burns wnii h the entire financial d't'ly have been t.. be system v. Mr. Boulter denied th it bank- proved Canada, Mr. Boulter declared, ere aid "No" mare otten than0!,!y co-"lc5 ' om ,ilh''r rf .s. They were an important ele- "Yes." It stood to reason that ... . D- c- fc"rl,At?T. ment in the financial system but no bank wont,) Pr,. ,., ' ,,,,. ,. '0, . uic i uruann unal .but usually in outlying placej ai w of which Stewart !s the centre has taken a new where u public is no? and more solid lease of life. ;diately affected. But the final were only one element. Others : thereby redu.-inif its Mrmn,'V banks would not be ademntelv m iut -' ui tncse concessions is : often the game as Is set forth included Insurance companies, when a sound proposition w'ai servin! communities if 'they Large ore bodies opened adjacent to the old ROl'TE 5 Jimmy Mcl.ran. Tied ill trust, mortgage and loan etmj-! offered bv prospective bor- were So rauti"'" that write- against tne. proposed concession 4t, Ave West. 100-445: 51 h Ave Wes, Kl.l-.MS ftlcu Mt, IrtB t'i. n.. ... . s so hotly contested. They are the tl financial "lves.lmfcnt. and : rower . iTrvn experienced. Boulter referred to organizations. niklnp ., r .. , mirtju;iai UI KUIU.aLl(HL mv. - .... T ivii Mr. . f,i the j ennet mine, nave given permanency to the operation of the Silbak-Premier mill. Consolidated Mining-and Smelt uui-TOuams GI ne - iae majority of loans were i, , , Mo; L'nifrsnM Mare; Ar.ew f'Jarr. ' smaller operators. PleimH K.. -i .. The principal business of the measured by character, cii 'a.?"City Jnm l'"ian-".og purchases of real (chartered banks the speaker de- ft '"i-ai'y jms jnueresiea useii in ana capit.il of the borrower CTOUn Of once honmvl hut Utc t THERE ARE cases where forest. I scribed as safeguarding the Character ti lm,." ' ""'rtgage a.s secur- Enl KOI Tl" ft- i:dvard Skalapvky 8ih Ave. Wwt IB5-537; Oth Ave. Ea -t 11(1 271) ! .S'.iect 113-708. KOl'TE 7 Peter l'.:of.:i, Hluc 971 Ai! of Section 2 KOI TK I Jimmy Johnson, (irrrn Mil. Walerlront and Pacific Place;, i:NH -Vi-'.. : F.oalsi. TV n Mclvlii li jornson, (Irccn 113 8th Ave. East, MeBrlde to Hays Coc c!;-.. KOI Ti: 10-Kliiiard Mat IkinvM, lihie 31 -t J t k V 1 1 UeS' 1 lease h . "J0" of.,l"e Wpie In the form ant consideration to Iwhtn-, vc.s- ,manaemeilt of Yale i inr- rl JA r, a v e all and too aie .mc and Lead has cha ot deP0S1 -hand 1 nm;e Rl""'rt Company on iJ unil' gone to work on hands, shortly after one and much stress could ;be niacd I the .Similar- properties un ' the Alalm0t Ularmnt Jllvei- P!v. fce Of panted by the province of B.C. ! !rov,dn rvovln facilities to on the borrower s honesty and'r , thc ,?r h.imscif w" lo.I ,,J i , , In one case one concession hold-! bus"' and induMry mov- in'eeiity. As for stran-ers a amount 'h llln-lLMi anf' z,n5 has re-awakened activity thrOUghou " e'' iS sald t0 have realized a lngon the lh- bank investigated an applicant ( KKI,,T RKSTRH TH1.N-; the whole area ' cooi l)rofit of a million dollars ; Mr. Boulter compared the Jully before making any advan-" T1,p -sPal:er dis.-ussed credit' A , on what was, few months 1 branch banking system of Can-'a P-l:cy which the speaker sup- restrictions a.s anplied to banJr. A Celanese corporation man last summor v,-c;tQrl jea"ler- P"hUc property. ada with that of the individual eested as bcin prudent fur all :.'comm.xlat.'ri. The-.e in sunimtr WSlteCI . Some hard-headed locaJ unit banks of the business. Of lht wain Stewart w-nrtiu Whpn ho . th Liberals, United course, there min consisted f: vvnen He saw the Spruce and hemlock for- !who are anything but radicals, .States. The branch system, he also be considered the capacity1 No Increase in existin--'-HtS UJ) the Bear Kiver, he wired Ome of Viic f..;nr,rU. i""u;h.less socialists, tell me that. "eW, .had proven itself well Of the applicant to repay the ' loans "r the grantm- of nev-in Portland Thov , , HienrlS if thinss go on as they have i pted to the needs of a young 'elation of the loan to the' bor- ! lo:ul-s 01' the purchase of stocks. i iuiL ctiKi. iney came lip at t Once by plane, acquired i n 80m- thr or four giant country with scattered popula- rowe.-s operations. Then there! 2. No increase in exist" t?ie timber and are this month transferrlnr, tv,- corporations will effectively hold iion- In small communities it was the matter of capital No.Umm of credit. i . . . .lti tnemng their en- . he whole forest wealth of B.C. had enabled the providin, of bank would consider fin 3. No loans for camUl ex. rs; s n I ", M7-73.:; 5th Ave. East 301-7J9: ,,o It Klreet ,Utiilh 3u,-6l: Hay.s Cove ciri-io H2-i7; c 511-f,H, drcen sirrct 411-410; Younx S.ree' IfOI'TE 11 Leslie Murfludi. P.la. k ZHT, 1'c.tf.oti Ave.; 1st and 2nd Overlook; HlBSott Place. Ilertiuct I' Jre logging operations from Oregon to Stewart jhey are now landing equipment to turn out 10 rhilhon feet of logs a year to go to Celanese at Prince Kupert. They have standing timber enough to ensure a 20 years' operation. j It i.s the same kind of story that is coming from tjvery corner of British Columbia these days-the Klory of new and revived developments, expansion on a scale not heretofore dreamed of all combining to make British Columbia rightly known as the land of vast new wealth. in less than ten years. , banking- facilities where a pri- up to 100 per cent the lyrrow- psnditures. i,.., vately owned bank could not be 's venture. The applicant mut No ioan- for any purpose, it btEMS to me, therefore, that supported. In Canada, with 3837 have a certain amount of capi- tne repayment of which could ; tne whole policy of granting ,' branches in all, there wa.s a ta! himself. The relation of -not be made within one year of ;uh concessions should be re-1 branch bank for approximately liquid assets to floating Uabili- lnP Branting of such loan, viewed. It is a fine thing for the evry 3500 of population whereas tk's must also be considered with '' 'erring to the removal of whole country to -have brand ln ,he United State.s there was a fair margin of the former over f,,rcl"n control regulations, Mr new developments, like that ol ' one bank for every 7100 persons, the latter being, of course re- B"uit,'r f'11 that It must be a the water power and aluminum The mobility of staff of banks Quired. ' mutter of pleasure tha "our plants at Kitimat, or the paper !,rm one centre to another was Collateral was not alw.v, re i collntry is now m such excel- or cellulose plants which opeir held an advantage by the speak- quhed, Mr Boulter slid ,i ' lvnt f'ancial condition that o'ir up vast new regions. ,r. It- provided personnel with though it was usu-illv m uu" government has en fit to dls- But concessions should be i fxoerience in dealing with ail available If for' no other rrvn leonMnue " 'orms of foreign jutlged on a very simple basis: l1 ' business. Through the than that it permitted of a more exrhane cntrol. thus becom- Do they help to put more peo- astern of tran.slers, which was favorable interes' rate inw the thir(l conn try in the pie in business, and jobs, or do' eostly business, senior offl::em It miuht h" . tv,' a .whole world to be unfettered by, V At ItOl TE 12 Sammy Alexander HUl Ave. East 333-1855; Frederick Kl.: Min i lennl: HOI'TE II Itimny Eby, in-en 2.7S 225-247; 2nd Ave. West 137-341; l.sl P l.ll-;; Market Place; 3rd Ave. Daily New.s N;i'i Motors. ROI'TB 15 Robert Jensen. Rai k 9.-,j 5lh Ave We.st i:35-735, 741-745; Hord. n filn-,1 F -Street liiKar Place. ItOl TE l(llrank Killmrn. (ireen !)77 Vh.Ao ZMl I2: 5tn Ave. East 101-240; Tib; East 108-fia8; Bowser Street. ROl'TE 17 f harlie Mndslrom. Green 924 1" U... u.ey lc.iu io . put people out of I wr oeve'Pa who were better "fv..i banks UaIK.S Unrp nvtromAl.. v.,.r, - , . . "'"Vexcnange i restrictions, the other I Hit i) v tin ,uu.s,r,es, wno have been ln it "lu'PPea to deal with general in the extendina V, L .. ; lwo ecinR the Uniled States and i bp ore? "anking than tho.se who lived in neve -fh!. .5 cre,,lt bul- Switzerland." ii is precisely because community Mr- B"ult-'"s address our part'one throughout their sions when bank , , drew an- of Canada is on the eve of the ! careers. suffered losses ; pi eclative comment from Prei- Script u lure f- aSMUje or ZJotlau Bth Ave. West 210-53!); 7th Ave. West 12(1-537- fth ' West J2I-i2- I.olhio,e.e st 721.738; MeBrlde SI. 4 704; Tatlow St. 625-733 Posits X-Por rUn,esma.t a Vote Of Is. 0 iiuiu me aunience. "The eyes of the Lord are upon the righteous." Psalm 34:15. uiui-csi oevelopment in the na- i ; tion's hi-story that we .should ex-1 amine and re-examine our basic Policies. ft.heru,U u-n .. : Esau in the Bible story "sell our birthright" for a bowl of soup. 11 Over a Million Women agree the K- h va) - Quick Canadian Quiz l. What province grows most of "INGLIS" AUTOMATIC WASHER IS THE FINEST YOU CAN BUY No bolting to floor Flexible !ycle Partial Lads Top I-illm Agitator Action Seven rinses SEE THIS AMAZING WASHER AT ROl'TE 18 Teddy Careless (I'll Ave. K.i.st Block 81)0; Bth Ave East !)15-!)7fi 9th Kast KMiO-1144- loth tiud 000-113(1; Alfred '! Bacon Street; Donald Street. ItOl TE lit Jimmy Jiilmw.n, Green Tifil 41tlj Ave. East 870-1140; Ambrose Ave. ROl'TE 20 Jack Rudolph, Green 731 8th Ave. ta.st 1030-1044. ROl'TE 21 Jimmy Moiirehead, Red 33.7 2nd Ave. West 1135-1314; Park Ave. 1005-2279: I Street; Water Street; Beach Place. ROl'TE 23 ,arry Parent, Green 487 8th West 615-735; Summit Ave.; Taylor Street. ROlTrj 24 Brian Roberts, Black 4 SI) ..nil Ave. We.st 71fl-3rd Ave. and 6th Street; 3rd ' Wet Daily News-Walts .and Nirker.son'u (5th .. UOl TK 2!iGary Parkin, ;reen f.00 'llll Ave. East 1141-1470. ROl'TE 26 Frankic Slewart. Blue 716 A028 DS1"108fi; 111)3 RMl H:,mr; n'iys Ave U54 ROl'TE 27 Christopher Hnrvev. Green 211 Oil) East, MeBrlde-Hay Cove Circle. Hays Cove (r our wheal? 2. How many federal elections have thire been in the present century? 3. Our forests are now providing what new product? 4. Of Ottawa's expected $4 bil lion tax Income for this year how much is for defense spending? ' 5. Second to wheat, what is our -mi CLJ LI RUPERT RADIO & ELECTRIC principal field crop? ANSWERS ON' PAGE 4 LONDON KeeDers t tho 4 y - ' I ' .5 i a i . 1 , - . l' 1 - .. nnnr t THESE ARE THE DAILY NEVV5 t'NDER NEW MANAGEMENT ... SAVOY HOTEL Prince Rupert's only modem Tooms with bath " Fraser Street Phone 37 rt ln ICorea wl Dence Minister Director aTctXJ"Jf.!:M Veterans AIfal" o,,g with the London zoo figured it was an accident when Ferdy, an East African ground hornbill, broke a gla."s door in Its enclosure. Next day Ferdy drove his bin through all the lower panels and the aviary inow is reinforced with i wire netting. n . """i! vuuxe m cam wun veteran War Correspondent Bill nMiAVl m -mwr-B ,i .. .. "m u, 1Jje Canadian Press at his LITTIE MERCHANTS THEIR SUCCESS DEPENDS ON YOU (CP from National Defence) mmmmmmam