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PAGE TWO Ettabliahod 1854 with wliicb in iacorporated The BowmanviUie News, The Nwcastle nùependent and The Orono News 93 Years' Continuous Service ta the Town of Bowmanvill. and Durham County &uhorîzed cm Second Cose Mail, Post Office Department. Otawa ANV INDEPENDENT NEWSPAPER w Member Audit Bureau ci Circulation& Canadian Wokly Newspapev- Association SUESCRIPTION RATES $2.50 a Year, strictiy in advance - $3.00 a year in the United States publih*d hy THE JAMES PUBLISHING COMPANY Bowmanvjlie, Ontario GEO. W. JAMES. Editor- A Goodly Heritage Awcxits Our Canadian Youth Somewhat belated we toak a beautiful 1948 calendar from its mailing tube this week which now graces the wall of tbe editor's sanctum. The attractive and striking picture on the calendar shows a young Canadian, bare-iaoted, with * shoes in one hand and a pack thrown over bis shoulder starting eut in liii.ta make bis mark in this great Dominion of appartunities. Aireaidy we ind it an inspiration and a pick-me-up as the "aId gray mayor" wbo edits the weekly news- paper in his native town looks iram time ta time at thîs picture of youthiul optimism and deter- mination. Accompanying tha artistic calendar, printed by the well-known litbograpbing irm af Rolpb, Clark & Stone, Toronto, was enciosed a'supple- ment headed "I Have a Goodly Heritage," whicb reads: Great is the heritage ai every yaung Can- adian, but tea f ew realize their good fortune. Hence we bave a selling job ta do-w e must seli Canada ta our own youth. If they couid oniy knaw it better ...if each ai them could visit every province ai this vast country af aurs, cculd see how much is available in sucb abundance, cauid realize the imitiess oppartunities awaiting them-ii yaung Westerners ccuid know the East, young Easferners sense tbe fascination ai the West and ail could see the North, what a different view they wouid take of their inheritance. They would understand why there need be ne limit ta their ambitions, they wauld se. that their greatest aims couid be fuifilled and the thought af leaving Canada would shack them. This is tbe feeling we must inspire in aur youth. We must tell them more of their coun- try and advertise its tremendous appeal. We have sold ifta tourists as a place ta visit; we must sell it ta our children as a place in which te live. Massey-Harris Company Issue Arnazing Annual Report It wasn't so long ago that we struggled un- successfully ever ane of the greatest enigmas of the age, that wos te try ta fatbem the mass ai figures in the annual reports af large enterprises in arder ta interpret them for readers who pro- vided a large share of the market irom which profits were derived. But in recent years a change bas taken place. Thanka te modemn man- agement and public relations experts the annual reports ai today in many cases are net only a delight to reaid but they actually become valued additions te the newspaper library. One of the best examples af this modern trend is thie annual report for 1947 of the Masssy- Ha--isi Company. In a dozen pages illuminated with charts and photos the whole concise story of operations is set forth so clearly that a junior clerk may absorb ail the iacts in a matter ai minutes. The maroon and white motif of the booklet includes a double folder sbawing eleva- tiens of 10 huge factories in different centres ai the globe. And a double spread shows pain- pDhIets and literature celebrating the Centennial Year ai the company. A quick review oi the contents brings out the following information: Total sales fer the year were nearly 84 million dellars or more than 4 times the total sales of 1939. War production which reacbed a bigh of mare than 67 millions by 1945, f.11 to a million and a hall in 1947. The extent and rapidity of reconversion iter war closed, may be judged by these revealing fig- ures. Employment in 1939 numbered 5.141 per- sons, in 1947 the number had grown ta more than 14,000. Net profit for the year was slightly over 4 million dollars. But the sfory oi chief interest ta the public in how tbis huge sum ai 84 million dollars is distributed. It in told in the breakdown ai the sales dollar wbich makes if simpler ta under- stand. Here are the figures: Ouf ai each dollar, taxed ta capaclty fa pravide the largest produc- tien ever undertaken." Great emphasim in placed an engineering and research, constant ly ta im- prove quality and ta introduce mare modern machines for the world's greateat priniar indus- try. naxnely agriculture, W. prize oui- capy oi this great report wbich we have on file for any readers wha wmsh ta cali. Canadian Banking System Is Believed Best in the World During the past decade the public understand- ing aif the functions and services oi the Cana- dian banking system bas been almost complet ely revoluticnized. This bas been brought about through an enlightened campaign ai public re- lations an an institutional basis. The advertime- ments in the press sponsored by the Cainadien Bankers' Association, as well as those by the in- divîduel banks, have been mast realiatic and in- formative in the ingeicus way they have been constructed and projected. They have been fallowed by the public with mare than passing intercst. This may be proved by asking the ordinary man on the street. lnvariably he will say that he bas read them and bas acquired a botter understanding oi the banking system. But we learned on Friday at the Bowmanville Rotary Club much mare ai the details oi bow Canadian banks iunct ion on the cammunity level. The speaker. Rtarian George Moody. branch manager, Benk cf Montreal, Bowmen- ville, delivered bis classification address on the functions ci banking. It wes anly a short talk but he packed inta bis remarks a wealth af in- formation that greatiy impressed bis colleagues and the guests ai the day. His message pointed essentially to the security and confidence in the Canadian banking systeni. He disclosed the saieguards set up under the B.N.A. Act, then described how readily banks discussed boans for business and individuais and the oblig'ation invoived in the trusteeship ef funda ci the public placed an deposit. His ad- dress, pubiished eisewhere in this issue, was ai completely informative picture for the ordinary layman. This ta aur mind brougbt the banking business down ta a common denominator ef sound undérstandinqj. The speaker aff irmed that the Canadian banking system was the finest in the world. That is a proposition pretty widely accepted today. We suggest that more talks ci this cheracter in the smailer centres will be found a splendid corolic-ry te the national, in- stitufional campaign The Inky Way Annual Clever British Production The editor and staff ai The Statesman are sincerely grateful ta ifriends in England, wbo are cousins oi the editor, Mr. and Mrs. Fulford Oke af Holdsworthy, Devon, fer forwarding the iirst issue ci The Inky Way.Annual, 1947-48, publish- cd by the World Press News, 20 Tudor St., Lon- don, EC 4. Mrs. Oke visited relatives in Bow- manvilie and the United States last year and scugbt eut a remembrance gif t cn her retumn home for The Statesman. Nothing could be finer or mare greatly appreciated thon ber choice cf the above volume. The Inky Way Annuai may be described as an anthology ai Britisb Journalism and a living memorial te the great figures who shape its des- tiny today. Its contents are contributed by the ieading jounalists, artiats, cartoonists and pho- tographers of Britain in support ai the Newspaper Press Fund. This iund was establisbed 86 ycars ago ta help jeunalists and their dependents in their declining years. But the book gaes fartber thon that for if bas a great public appeal, firat ta picture the giameur and vivid experiences camman ta the lot of newspeper people, and second te put sometbing ai the journalist's lii e into print and interpret bis career f0 the public. These three functions arc given effect in a manner which holds the inter- est ci the -reader frcm caver ta caver. The personally written steries ai great cd- itors and great reporters and the contributions cf famous cartoanists and photographers are reaily lessona in technique for newspaper peo- pie throughout the globe. In aur opinion, bath daily and weekly newspapers acrosa Canada weuld benefit greatly were this volume ta b. added ta their libraries. The address is shewn abave. Tbe bock, iO'"x7' 2" cantains 204 pages witb the centre section containing bali-tone photos printed on glazed white stock. It is bound in Pearl grey buckram lettered in gaid. This bni review fouls adequately ta tell ai the value of the volume for members oi the Fourtb Estate. Editors, reporters, and particularly cartooniats will find if a delight and a great source cf know- ledge. World Wheat Agreement Is Praised by Farm Federation An international wheat agreement was en- tered int c by 36 imparting and exporfing nations at a recent conierence in Washington. It in a five-year marketing plan in whicb ell wheat pro- ducing countries save Argentine and Russia agree f0 adhere fa in trading with importinq countries. Tbe tep price ixed is $2 per bushel. This scales down te a floor ai $1.10. The Pres- Ment ci the Cenedian Federation ai Agriculture views this agreement as welcome news te the organized farmers cf Canada. In fact the Fed- eration was anc ci the main farces in pressing for the agreement. In a recent news release the Federation ob- serves that this dccl is the biggest inter-govemn- mental undertaking in history for if involvea de- livery oi wheat ta fthe value cf some 4 billion dollars. If la praised as bringirig greater stabil- ify in the price ci the wcrld's mast important food. Certainly if will promoe ttrade on mulfi- lateral and mutuel lunes. But the report doca not bring ouf how the price range cf 52-S .10 waa arrived et. Quating late figures iromn fhe Dominion Bureau af Stetistici, the Federatian report shows the index fer farm prices te be up 17.3 per cent la the lest two yeers. For the sanie fwc yeers the costs oi cemmedities and services used by farmera bas increesed 25 per cent. We believe that Canadian farmers will wanf f0 know what will happen if this trend continues plus the haz- ards cf dreugbt. pesta and fai-m policy. Cen fhey be guarantecd even ccst cf production at thense arbifranily fixed prices? THE CANAQIAN STATESMAN. BOWMANVILLE, ONTARIO NEW SERIES, ARTICLE 24 The bistory ai governmenfs in this country has revalved about partisan politics to a degree that has obscured a closer con- sideration af god management of public business by electors as a whale. The plausible politician at the head of government abie ta sidetrack important issues and wave the flag during elections has always had a popular appeal. But the wider communications af today are rendering this approach much less popular. GOOD MANAGEMENT People cf discernment will agree that in hiring heip or choosing management ta run a fqrm, a factcry or any kind of enterprîse successfully, the prime consideratian is ta chaos. brains, energy, ability and integrity. The biggest business af- fecting the peo~ple as a whoie is government. And the people as a whale have the democratic privilege of chaosing a general manager, or Premier, ta run this business. If they chaos. a flag- waver they can correct the errar in due course. BUSINESS LEADERSHIP In the case ci Manitoba and Premier John Bracken, which we have been discussing in this series, the farmers party that draited Bracken as leader picked a man who was neither a flag- waver nor a politician. Their soundness ai judgment in sel.ecting a general manager who was also a farmer, came ta be accepted by the tirban electorate as weil and Bracken was returned, elec- tien aiter election, te set up a modern record cf cantinuity in office, a record cf aimost 21 years cf business leadership. NOT A POLITICIAN .Jracken neyer ccrried a party banner during bis whole course in Manitoba. He neyer had an over-ail majority. He stuck right ta his job, working with bis coat off bath in bis office and on his own farms, and carried Manitoba through the xnast difficult times in its histcry. He did it with team-work among the elected representatives of the legisiature. Poiitics had such little cancern for him that when the late war broke be iormed a coalition rep- resenting members ai ail political parties. MANDA TE FULFILLE1.. The point ta be noted in Bracken's course in Manitoba is that he accepted the mandate repeatedly given him by the people as one of sound business management. His leadership evolved policies not only ai internai weliare but in tume invoived the whole agrarian ecanamy ai Western"Canada, such as, for in- stance, initiating the Roweil-Siroîs enquiry. Another point, he de- clined ta build up personal prestige. He simply got on with the job in hand. DECLINED POPULARITY The traditianal palitician is usuaily very careful ta take every apportunity af enhancing bis personal prestige; ta point wîth pride ta goad achievements; ta soit-pedai mistakes cmd omissions; ta arm-wave and flag-wave and whip up favorable popular sentiment. Ahl this is foreiqn ta Bracken's nature. This is generaily true ai men af action in any walk ai 111e engaggd in large afairs witb the interests ai the public paramount ta personal concern. CHICE 0F ELECTORATE In this brief summatian ai the course pursued by John Bracken for two decades in Manitoba, the ordinary voter today may reach a decision an whether it is gaod business ta choose an experienced ganeral manager ta conduct the country's biggest business or ta choose an alternative. As the national leader of the Progressive Conservative Party, John Bracken will contest for power in the caming Dominion election. He has stated bis policies clearly on the issues ai the tumes. We shahl see what they are. Who Owns Canada? We Ail Own Canada (Article 13) This article continues the series reprinited from the book, -We All Own Canada" written by Alice Wiliard Turner, M.A., PhiD., nat- cd Canadien cconamist. Whcre cherts are mentioned, thcey are omitted in the absence of platcs. The contents of the book are plac- ecý. before readers ta show. the generai distribution of the nation- ail vcalth and ta refute misledd- ing socielist propag-ande. B usinmess Owneî-ship and Contrai. It is frequentiy clainied that "Big Business" is controiled by a small graup of people awning the mejority of the stock. Such dlaims are usual but Part Of the truth and create faise impressions in the mincis of the public. "*Majority - holding et stock" dees nat necessenily imply -con- trai of a company. For exemple, the Cenedian Pacifie Reiiway Company is controlied in Canada by Canadian citizens, even thaugh 82 per cent cf its total ordinary stock and eimost ail of its prefer- ence stock are owned outside Can- ada. Furthenmore, those in 'con- trai" of a compan v do not neces- sarily own the --majority of the stock." Foi- exemple, in The In- ter-national Nickel Company cf Canada. Lhnited the combined holdings ot cammon and prefer- ned stock beneficiaihi- owned by aIl directors of the compan ' eerl'v in 1943, amounted ta less thail two per cent et the total common stock outstanding and less than two per cent o! the tata] par value of preferred stock outstanding; the remainder-over 98 pen cent -was widely distributed thnough-i eut the world amangst mare then 83,300 holders et cammon stock and aven 9,000 holdens o! prefer- ned stock. control It is naturel for a comparative- Ily smail gneup ef people ta guide and supervise any undertaking. whether it be a community club, a church, a government or a busi- ness enterprise. Even in 'a large- scale activity cf any kind, respan- sibiiity f or its success or failure is usuaily deiegated ta a few Thèse peuple normaiiy remain in' ."central" only if they dischange their responsibilities with satis- 'faction te ail concenned. Obviously, it is net precticel for thousands et shereholders ta teke an active interest in the direction et the company in which they 0w-n stock. Thus, nesponsibility1 for the cernpany's openations is delegated ta directors. who are elected annually by the share- holders. Directors of ('ompanies Directons are eiected to theit- positions on the boar-ds et van-. eus companies primarily beceuse of proven ability. practical cxper- ience and sourd judgrnent in bus- iness matters. Thein decisions and policies are canstantly sub- ject ta the appraval not anly etf thousands o! shareholders. but off the genenai publiic. In the final analysis, ever ' vc-mpany' must l ace the democratic test of pub- 1Lc approv ai or disappr o v a 1, thraugh its customers. Thus. di- roctors are responsible ta the pub- lic who denanstrate confidence mn them thî-ough deniand for the pro- dîîcts or services supplied by tlhcir conîýpaniecs. It is a matter of record that minoritY shai-eholders have fre- Iquently been able te instail new v directors or appoint receivers ini those cases xvhere mismanage- mnent or even misiudgnient hasi occurred. Nevertheiess, history of dir-ec;orships anrd Canadian bus- inless manacl-cînent is character- ized by intcgrity and successful stewardship of which the generai public shouid be proud. If few EViERYjOIW~S BUSINESS Sby Everyone wants ta be popu-. lar. But nîan), of us make the mistake o~f thinking that popularity depends on hav- ing an attractive smile, an enrhusiastic manner, and the abiiity ta be a good mixer. Wbile these things help, flot ane cf them is as impor- tant as being dependable - particularly in doing wbhat you say you will do. When people know that they can depend on you, it makes them feel secure. They thinlc of you as a real friend 1ta wbomn they can turn for help. So naturaily they wil like you better. In your job, cspecially, dependability pays. So, among ail the people you deal with in your work, try ta build a reputation for dependability. Accept mare responsibil ities. At home, tea, yau can Cultivate dependability in matters that cantribute ta the famiiy's welfarc. As you become known as a persan whose word is as good as bis bond you will find many people waiting to give you a warmer welcome! Millions of Canadins know zhat they dan tdepend confia dently on their contracts with life insurance coin. panies-contracgs which pro- vide financial protection in emergencies and retirement allowances for camfortable aid age. THURSDAY. MARCH 25th. 1948 people appreciate the contribu- Final meeting cf Farm Porum A heavy heart leads te a heavy tion most directors have made and was held at the home of Mr. and hand are constantly making ta the ec- Mrs. Carroll Nîcholîs. Mr. Edgar Dust on the radiator acts as an onamic iýrogress of this country, Nicholis ihawed pictures, fo]iow - insulator and prevents distribu- iis on]y because the magnitude ecl by an oy-ster supper. tien of h et. -and real nature cf directors' tasks - ____ is so littie understood. (To Be Con tinued) iM MM M H EA R - WESLEY VILLE Ahthough the roads were bad. Sunday Schooi was held at 10:30 with a good attendance of 40. Church foilowed xith Dr. Oke' preaching on Palm Sunday. hree yaung people, Muriel Austin, Ruth and Howard Payne werc reccived as m#mbers cf thc Church by the session after whiel' foilowed the Communion service Owing ta bad roads the Young People's entertainment has beer postponed until April 7. Mrs. George Dinner with Mr. and Mns. Percy Hoskin of Wel- came. Congratulations ta Mr. and Mrs. Arnold Austin who celebrateu their 2th wedding anniverseni, on Sunday. Mr. Ed. King, Welland, with Mr. and Mrs. J. Diekerson. On Tuesday afternoon, several ladies gathered at the honie cf Mrs. Harold Reeve where a quiit- ing was held. Sundey visitors with Mr. and Mrs. Hanry Brooking were Mn. and Mrs. Allen Braoking and daughter, Part Hope. and Mr. and Mrs, Ern Brooking, Bowmanville. . Mrs. L. Holdewev spent Sun-: day with Mr. and Mrs. Truman: 'Austin. Young People's Union w-as heid Wednesday evening. Mr. George Tufford, citizenship convener, led the topic. On Monda ' evening a fire broke eut in the barn of Cier- ence Nicholis vhich was put eut by tlie neighbors. The fire was, ceused by a short circuit in an el- ectricel outiet. Mrs. George Dinner spent Sun- *y with Mr. and Mrs. C. Pay ne. PREMIER GEORGE DREW DISCUSS "OUR ONTARIO TOURISI INDUSTRY"9 IN QUEEN'S PARK REPORT No. 10 FRIDAY, MARCH 261h CFRB 860 8:00 p.m. DOMINION TEXTILE COMPANY LIMITED r A~tf atju"a(.Iiiret-s of lj- #ni jd li , ul' One of a sertes of adverlisenients in tribule (o I1îose Cautadians in thie :ervice of the pýublic 17