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PAGE FOURTEEN Vv THE OSHAWA DAILY TIMES, THURSDAY, OCTOBER 9, 1930 ~ MACAULAY SAYS ~ RETURN'TO NORMAL! 15 COMING SOON Claims Return of Courage Is Chief Essential for = Prosperity Toronto.--~Some important views on the present economic situation in Canada were expressed by T. B. Ma- caulay, president of the Sun Life As- surance Company of Canada, in an interview given last week on his re- turn from England. The interview ranged from the plight of the office workers in the present condition of unemployment to the bargains that could be picked up on the counter of the stock ex- change during the present frenzied deflation 'of values. Mr. Macaulay had given some words of cconomic wisdom that might rightfully be relayed to the general public. Mob Mentality Here are some of the things he said : The present so-called "hard times" dre really psychological. Hard times eand boom times are the result of un- reasoning pessimism on the one hand and unreasoming optimism on the other. Mob m ntality forces prices away beyond true values at one time and then, stampeded by fear, forces prices away below their true values. Mr. Macaulay already sees signs of the return to normality in our pres- ent economic structure, He said that he thinks the evidence of the return to normality will be apparent in the latter part of the winter. True nor- mal conditions will have completely returned, thinks Mr. Macaulay, in the latter part of 1931 or the carly months .of 1932. It may return earlier. It all de- pends on the acceleration of the re- turn of courage. His own company has_built "the biggest insurance of- fice building in the British Empire in Montréal in thi$ 'year of depres- sion. It has also built a hostel for | its women employees. It is remodel- ling its Toronto office, It is en- couraging any of its employees who are contemplating the building of homes to start right now. Now is the time they can get any work done to their own best advadtage and at the same tipe help to smash the bogey man of depression that is sit- ting like an illusiory nightmare on top of the business life of the coun- try at present. Bound to Pass The. present' condition is bound to pass, he said. Demand for commo- dities at present low prices is bound to increase. That will add to sales and boost prices to a normal level. Money is accumulating in this period of saving to an extent that it will soon have to break the dam of over- caution and spread like a benign ir- rigation over the arid fields of busi- ness depression and make the ecco- nomic desert bloom like the rose of prosperity. U.S. BANKERS IN OPTIMISTIC MOOD Predict, at Cleveland . Con- vention, That Trade Will Spon Show Improvement Cleveland, O.--Expressions of opti- mism in regard to the business out- look for 1931 featured Wednesday's session of the American Bankers' As- sociation. Indicative of a series of predic tions that trade would soon improve Col. Leoard P. Ayres, vice-president of the Cleveland Trust Compahy and widely quoted economist, said he be- lieved an increcsed accumulation of savings pointed to progressive busi- ness recovery. Rome C, Stephensom, vice-prest- dent of the St. Joseph County Sav- ings 'Bank, "South "Tnd., was" élected president of the association. He was the first Indian ever to hold the office. The organization, which heretofore had maintained an unalterable op- position to granting chain banking | PREMIER FERGUSON - The benign expression that Kath. leen Shackleton, noted artist and sister of the late Sir Ernest Shackleton "of exploration fame, has caught in her portrait of Premier Howard Ferguson of On- tario ade just before he sailed for ] on the Canadian Pacific liner "Empress of Aus- tralia," has reference, she says to 'his announcement of the founding of a Radium Institute in Toronto for the treatment of eancer, This Institute, the Ontario "rima Minister said, is ander con'empla- tiem and an srnouncement is ane ticinared apun hes return Ja Noo vember. position towards granting chain banking an extension of privileges, affirmed the findings of the commit- tee that "modern 'transportation and other economic changes, both in large centres and country districts, make necessary some readjustment of banking facilities," the approval ex- tended only to chain banks in metro- politan- areas and country districts where they are economically justi- fied." The conimittee reaffirmed its statinch belief in unit banks, SPOILED HIS FUN Office Boy-- Please, sir, can I at- tend my grandmother's funeral on Friday? | CANADIAN PROSPERITY WEEK ISPARTON This Store is co- operating ~~ to he. make Canadian Prosperity Week a success, Note the exceptional Radio values shown below. 9-TUBE CONSOLE RADIOS! At Amazing Reductions IS CURRIE'S PLEA Sir Arthur Expresses Opin- "ion" After Inspection * of West Winnipeg.--~Veering toward thrift, viewing +her future with cenfidesge, C already' moving out of a de- préssion , was advised to vy ten more atttention 16 business by Gen Sir Arthur Currie, president of McGill University and war-time commander of Yhe 'C1 d : tionary Forces. In an address to members of the < Winnipeg Young 'Men's Board of Trade, he pronounc- ed himself more and more proud and more confident of Canada than ever before; "after a searching inspection of the west and he thought the Do- minion was onthe way .to cutting extravagance, . "I know there is too much luxury, too Much ~ éxtravagance," asserted Sir Arthur, "but hard times are cuf- ing that and so out eof an evil a blessing: flows. [ know 'we are not thrifty enough, but I believe we are becoming more serious." a Passing as she is, throgh a "some- what uncertain and somewhat anx- ious time," the Dominion is 'without | any sign of wailing, Sir Arthur ob- served. "We no longer hear whis- pers of death, no longer hear that the Prairie Provinces will pass to Lhe Uinted States, uo longer hear that we arc passing rapidly to our doom." He added: "I am glad that this is so. I can't Lear to hear so many announcements or denouncements that we 'are an enervated or a play- ed out race." Sir Arthur spoke enthusiastically of the Peace River Country. "The Great Kingdom of Peace," he term- ed the extensive Alberta agricultur- al area. "Like the men of old who stood on the mountain and saw the promised land, I too, stood on an eminence and have seen a land of great promise, | stood on one plateau and saw three Here is a wonderful opportunity to million aures of arable land. 1 saw fields of wheat and other fields of oats, unsurpassed by any I have scen before," amadian expedi- | He had been greatly stirred by the resources, riches and promise of the Peace River, said the soldier-educa- | tionist. | Sir Arthur was confident that cur- tailment of immigration would last for only a short period. He felt that cuiing ok the immigration flow at this time was justified in view of existing unemployment conditions. Unemployment, too, would pass. Capadians had faced the recent business crisis with considerable for- titude and General Currie felt that the Dominion had profitted by its experience. A spirit of determina- tion and hard work was spreading the demand for luxuries and dissipa- tion was growing less. "I believe that application to the day's work is growing greater," Sir Arthur said. DEPRESSION CAN'T KEEP CANADA BACK C.P.R. President in Optimis- tic Mood After West- ern Trip Winnipeg. --"Canada = cannot go back," declared E. YW. Beatty, K.C, president of the Canadian Pacific Railway on his arrival in Winnipeg from his annual inspection trip in the west. The Dominion will con- tinue to forge steadily ahead in the face of threatening depression, in the optimistic view of the railway head. No lack of confidence was in evi- dence in the West, according to Mr. Beatty, who referred to conditions in the West as being "much as anti- cipated." CAN A SISTER OFFER A LITTLE FRIENDLY ADVICE? | KNOWI YOU'RE GOING TO TELL ME ABOUT THAT HARDWATER SOAP, RINSO, ' AGAIN. ALL RIGHT LL TRY IT NEXT MONDAY STOP SCRUBBING, ANN. IT'S REALLY FOOLISH WHEN . .. NEXT MONDAY Oiftions wee Rinses: Thoussads write us losers like this) MY WASH IS AS WHITE AS e¢ ™ in tub GOODNESS . . . WHAT RICH SUDS! SNOW AND | DIDN'T SCRUB A BIT. HURRAH FOR RINSO! NSo 0 «Clothes bright as new" o says Mrs. N. C. Heaney «Ig s wonderful! soap that washed clothes as d water, too. It's bs gush scrubbing or boil- co! YES! AND IT'S JUST' AS WONDERFUL, FOR DISHES "1 never knew a , Rinso's creamy Sel 1 use Rinso for dishes, too housework easier. MRS. NELLIE C. HEANEY. Wonderful in washers, too need in tub or washer. No bar GRANULATED HARD-WATER SOAP or washer...for a whiter 'no-work wash Te was away two month of not feeling the doctor was called so patient that no one realized he leaving to mourn his lained on Sunday and on Monday The child was He comj well such a sick child till he passed at 7.15 o'clock in the evening, loss his parents, | brothers, Melba sisters and six days and was liked by all. School was closed "for the funeral. Six of his little school mates acted as flower bearers while the pallbearers were his threetbrothers, Jack, Bert, Archie and Raymond Martin. He was loved by dad and mother, And the pet of all the rest, and Phyllis, Jack, Bert, Archie, Har- old, Ivan and Lernie. Rev. Mr. Mer- riam conducted the funeral services which was held on Wednesday, Oc- tober the first at two o'clock. The remains were laid to rest in Pine Grove Cemetery. The lad had just started to schoc! after summer holi- cannot be ignited and consequent no possessor of it can ever But we had to give him up, ' For Jesus loved him best. / « ng The new German paper currends haye money to burn.--Brantford Expositor, : ALL and Winter Wearing Apparel at Lower Prices COATS |: | $19% | ' The latest New York and French mod- els duplicated in Canada. Trimmings, squirrel, wolf, lamb, muskrat, fox, bad- ger and French beaver. Qur prices are from maker ta wearer. From * a Within five years the United States will be buying Canadian Wheat in large quantities," considers Mr. Beat- ty, who also looks on the Russian cheap-wheat threat as not fair to either Canadian or British pro- ducers." Referring to dumping of Russian wheat, Mr. Beatty stated that there was a great need of pro- tecting our own consumers. 7 secure one' of these world famed Receivers at a sensational discount, / The quantity available is naturally limited, and we therefore advise placing your order immediately. * Formerly Priced $198 $199 Exquisite console design (as illus. trated) in walnut; 9 tubes, Dyna- mic Speaker, and Sparton's famOus Equasonne Circuit, Marvellous sen- sitivity, selectivity and tone. Free Installation ' will be made to your aerial and Sends One Just 1 $ Home The Sunday School and church ser ¥OR SALE AL ADAMS ice being held together. The pastor ; n vice peing he gether, he pastor, S10 4 . Reve Me. M m, gave an address Pays for one, without any / followed b a alk ing superin- or extras. Gras tendent, r, L. Dimond. tords Se 4 Marriage of Miss Melba Gray The eldest - daughter of Mr. and Mrs. Arthur Gray, Miss Melba, was united in marriage to Mr. William Owen, son of Mr, and Mrs. J. O on aT the Ceremony 3 : ucted at the parsonage at Myrtle : ; : on Sept. 27th, 1930; Rev. Mr. fi : { Merriam officiated, The bride was : attended by Miss Wiis wen, sigs ter of the groom, + groom 408 sof the gre br Jack Gray, brother. of the bride. The sudden . death occurred on Monday, September 29, at the home' of Mr, Arthur Gray, lot 16, concession 3, Reach, when their second young- . ~ | est and dearly loved. son, Wesley Wns san | Walter, died suddenlm of septic pneu monia, aged six years and six \ [5% The latest fashion show in Junior, Misses' DRESSES ies', sizes from 1415 up to 50, 95 RAIN IS'NEEDED sr Sr $ 4 a FUR COATS $95 Church--Young Lad Ame aR Na While They Last Only V' reve SO. (Ox N DE "At summer prices. Saving . at least one-third. First chéice French Seal, ' plain, also trimmed with Kolinsky Squirrel, dark and light Muskrat. Prices from, Dies Suddenly Prospect, Oct. 6.--The farmers would welcome a good rain ay it is dry for plowing and some are short of water. Most are busy cutting corn and filling siloes. : The young people's club is holding their meeting this week at the home of Mrs. Connlon, These meetings are held every two weeks and are much enjoyed by al i Rally Day program was carried out" in the church Sunday afternoon. PIER # ' A written 8 year guarantee goes with every Coat. A small deposit will secure your Coat now. MILLINERY 128 Twice weekly we are showing the new- est'models in silk, velvet and felt, and our pricesare the lowest, 48 Ea y od THE FAIR