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1 Can AS © Wace 46 THE DAILY TIMES-GAZETTE, Thursdsy, May 31, 1958 New York-Ontario Act I'o Stop Shady NEW YORK (CP)--Ontario and N-w York state agreed Wednesday on joint action to combat fraudu- lent stock sales across the Cana- dian border and escourage legit- imate Canadian promotions. Effective at once, the agreement provides that: ¥. The Ontario securities com- mission will revoke the registration of any Canadian stock dealer vio- lating New York Laws in the sale of securities. 2. The commission and the New York attorney-general will co-op- erate in investigations and pros- ecutions in cases of fraudulent practices. 3. The New York securities bur- eau will accept registrations of Ontario dealers heretofore barred from New York. The agreement, to continue for two years, was announced at a joint "press conference held by Attorney-General Dana Porter of Ontario and Attorney-General Na- thaniel L. Goldstein of New York. Goldstein estimated that stock to U racketeering has drained $500,000, 000 in the last 10 years from un- wary U. S. investors. He disclosed that 357 Canadian securities com- panies have been enjoined from stock sales in New York since 1944. Zinancial circles in Toronto greeted news of the agreement with enthusiasm. Stocks One broker with 27 years ex- perience said it will be good news for people actually trying to de- velop a mine, who are sincere in their efforts. ' "Everybody's ' happy on the street," he said. 'The legitimate people are not hurt." Porter and Goldstein emphasized that there is nothing wrong in sell- ing highly speculative stock to ex- ploit the undeveloped ' Canadian hinterland as long as dealers do not misrepresent the risk. The officials described typical operations they are seeking to end. Stock promoters, many of them Americans, have set up offices in Toronto. From there they place long-distance calls to gullible ip- vestors in Buffalo, Rochester and New York, offering high returns on "penny stocks." While these highly-speculative stocks have a fair market value of approximately 25 cents a share, the dealers frequently sell them . 8. customers for $1 a share. The difference is pocketed by the dealers, leaving the prespecting company with little chance of pay- ing off profitably unless it has exceptionally good luck. If the company strikes it rich, Goldstein said, the promoter finds ways of shuffling the investor out of the deal by recaoitalizing. Protestant Life Difficult In Italy By PATRICK CROSSE ROME (Reuters)--Prospects of i a Roman Catholic victory in| June's Italian elections and the nomination of a Catholic ambas-| sador at the United States embassy | have piled up a new wave Of alarm among Italy's 150,000 Pro- testant minority. i Spokesman of the 11 different | protestant sects here complain that | since the Christian Democrats won | Italy's first national election in 1948, life been made increag- ingly difficult for them. There is every lkelih t the govern- | ment will be returned to power. ! "The nominati on as United States ambassador of Mrs. Clare Booth Luce (a Catholic convert) hag in addition greatly discouraged us," said a leader of one of the sects. The Protestants say police have taken persecuting action against them 150 times in the last four years. The t-war Italian constitution guarantees religious freedom, and cases taken to court have usually been found in favor of the Pro- testants on constitutional grounds. But many anti-Protestant laws, most enacted by Mussolini, remain on the statute books, The Protestants say most ' of their troubles is on a local scale with local Catholic authorities goading local police to enforce these laws. The list of complaints range over unfair taxation, arrest for making public disturbances, red tape on importing charity packages, and excessive regulations, Main targets for police action have been two sects financed from the United States and staffed in part by American missionaries-- the Churches of Christ, founded by a group of 13 American mission- aries four years ago; and the As- semblies of God, a movement founded here by Italian immi- grants who returned from the United States with a new faith, Pentecostalism. Cline R. Paden, one of the fcunders of the Churches of Christ declared that "in this country it is the Catholic Church which tells the government how to walk." ENNISKILLEN 'Many Visitors In Enniskillen District Homes MRS. RUSSELL GRIFFIN Correspondent ENNISKILLEN -- Following are some of those who visited in the district and attended the church anniversary last weekend. Mr. and Mrs. Reg Weaving and Rickey, Thornhill; Vint Alexander, Weston; Mr. and Mrs. James Smales, Sr., and Mrs. Laura Ran- ton Hampton, visited with Mr. and Mrs. W. H. Moore. Mr. and Mrs. Frank McGill and Don Toronto, nt the holiday weekend with mother, Mrs. John McGill. Miss Shirley Stevens, Oshawa, was with Miss Joan Hobbs. Miss Heather Mitchell, 'spent the week with her grandmother, Mrs. R. Mitchell, at Greenwood. Miss Nora Werry Kedron; Mr. and Mrs. W. C. Werry, Oshawa; Mr. A. L. Pascoe, Solina; Mr. and Mrs. A. E. Billett, Hampton; Mrs. Stewart James and Mrs. D. Aldread Bowmanville; . and Mrs. H. Werry, Kedron, and F. Ellis were with Mr. and Mrs. H. McGill Mr. and Mrs. John Borrowdale and Brian, Oshawa, and Miss Nora Werry, Kedron were with Mr. and Mrs. J. A. Werry. Sympathy is extended to Mrs. Gordon Yeo and Mrs. Wallace Grif- fin on the sudden passing of their aim Mrs. 'R. Hawkey, Bowman- ville. Mr. and Mrs. P. A. Tresise and family, Oshawa; Rev. and Mrs. R. M. Seymour, Mr. and Mrs. N. E. Wright, Mrs. Martha Wright visit- ed Mr, and Mrs, Edgar Wright's. Mr. and Mrs. Norman Collacutt Tyrone, visited with Mr. and Mrs. Wallace Griffin. Mr. and Mrs. Clarence Avery, Shirley and Diane, Burketon, were with her parents Mr. and Mrs, A. e. Miss Betty Knox Toronto; Mr. and Mrs. Lorne Griffin, Miss Jean Griffin, Blackstock, visited Mr. and Mrs. John Slemon's. Mr. and Mrs. Stanley Turner and Helen Oshawa, were Sunday callers at Mr. and Mrs. A. Oke's. Mr. and Mrs. Charlie Langmaid and Marlene, Solina; Mr. and Mrs. Brock, Bowmanville, were at Mr. and Mrs. R. McGill's. : | Mr. and Mrs. Orono; Mr. Haydon; Mr. Elwyn Dickey, Yel- | verton visited with Mr. and Mrs. Milton Stainton. Mr. and Mrs. Herbert Wright and family, Tornto, were with his parents, Mr. and Mrs. N. E. Wright Mrs. R. Mitchell and Susan visit- Stewart Rodman, Scugog Island; | boys, Scarboro Buffs; Miss Ruth! W. J. Stainton | and Mrs. H. Ashton, | ed with Mrs. Jack Saunders in Osh- awa. Mr. and Mrs. T. Mountjoy Hamp- ton, and H. Mills, Montreal, were at Mr. and Mrs. R. McNeil's, Mr, and Mrs. B. Parrott and family Orillia, visited with his sis- ter, Mrs. A. L. Wearn and Mr. Wearn. 4 Mr. and Mrs. Howard Masters, Bowmanville; Mr. and Mrs, Jerry McMahon, and Randy, Mr. and Vernje Masters Mr. and Mrs. Al- vin Masters and family, Oakville, visited Mr. and Mrs. E. Masters. Mr. and Mrs. Cecil Slemon, Hay- don, were with Mr. and Mrs. Leon- ard Bradley. Mr. and Mrs. W. G. Smith, Mr. and Mrs. Edgar Horn, Oshawa; Mr. Frank Smith, Columbus, were at Mr. and Mrs. Earl Trewin's. Mrs. T. Taylor and Allan Burk- eton; Mr. Milton Slemon, Mr. and Mrs, Lloyd Slemon, Haydon; Mr, and Mrs. Earl Trewin, Doreen and Donald visited Mr. and Mrs. Fred Toms. Mr. and Mrs. Sydney Hoar, Ty- rone; Mr. and Mrs. Will Gray, En- field; Mr. and Mrs. Hoskin Smith and Kathleen, Hampton; Mr. and Mrs. Donald Prescott, Enfield; Mr. and Mrs. Howard Ormiston, Diane and Beatrice Newtonville, visited with Mr. and Mrs. R. J. Ormiston. Mr. and Mrs. Cecil Mills and family, Maple Grove; Mrs. George Wolfe and Mr. Hooey, Blackstock; Mr. and Mrs. Hugh Kelly and Ken- neth, Bowmanville; Miss Shirley Ellis visited with Mrs. Harold Mills and family. Mr. and Mrs. Lorne Knapp, Mr. and Mrs. John, Oke, Mr. and Mrs. Bruce Ashton and family, Purple Hill, were with Mr. and Mrs, Wal- ter Oke. Mr. and Mrs. Wallace Pascoe Enfield; Mr, and Mrs. Clarence Werry, Kedron; Mr. and Mrs. Lorne Staples, Barry and David, Bethany visited at Mr. and Mrs. F. W. Werry's. Mr. and Mrs. Stanley Turner and Helen Oshawa, and Mrs. John land were at Mr. and Mrs. ank Dorland's. Mr. and Mrs. Earl Luke and | Mr. ard Mrs. W. | no, were with Mr. and Mrs, Lorne family, Hampton, were with Mr. and Mrs. Floyd Beckett. Mr. and Mrs. Donald Lamb and Miss Audrey Cowey, Bowmanville; ¥ . Stainton, Oro- Lamb. Luther Alexandra Toronto, eall- ed on Mr. and Mrs. Albeft Oke on Monday. Mr. and Mrs. J. R. Metcalf and Ross, Maple Grove; Mr.and Mrs. Ira Travell, Beth and Bruce, Osh- awa; Mr, and Mrs. Ross Lee Di- ane and Brian and Frank Lee, Kedron; Mrs. Max Ballard, Moose- jaw, Sask.; Mrs. J. D. Cole Lil- lian, Helen Allin and Jean Bow- manville; Mr. and Mrs. Harold Werry, Kedren, and A. L. Pascoe Solina visited with Mr. and Mrs, E. A. Werry. Mr. and Mrs, family, Oshawa; Dr. and Mrs. C. w. emon, Bowmanville, were with Mrs. T. M, Slemon, Mrs. Irwin Bragg, Mr. and Mrs. W J Bragg and Allen Provi- dence; Mrs. E. C. Ashton, Mr. and Mrs. G. Beech, Janice and Bonnie, Maple Grove were at Mr, and Mr. and Mrs. ©. C. Ashton's. We are very sorry to lose Mrs. James Adams in this community. he has moved to Bowmanville. _ Mrs. John Tyers Toronto, is vis- iting with Mrs. eo Slemon. Miss G. McCombie, Brantford; Mrs. G. Hewitt and children, Ham- ilton; King Kent, London; Mr. and Mrs. D. B. Rat Bill Kay and Mr. and Mrs. W. M. Hefry, Toronto, visited at Mr. and Mrs. Adam Sharp's. We are very sorry to report Adam Sharp is on the sick list. We wish him a speedy recovery. Miss Merle Ormiston and Stan Gray, Oshawa, were with Mr. Claude Smith. Mr. and Mrs, P. Ellis and fam- ily visited with relatives at Cor- dova Mines. Mr. and Mrs. Delbert Yeo and Lorna, Oshawa; Mr. and Mrs. Harry Collacutt and Jo Ann of Bowmanville; Miss Joyce and Jim- my Woodley, and Stewart Hooey, Tyrone, were at Mr. and Mrs. Gor- don Yeo's. Mr. and Mrs. Wilbert Smith and Sod Cut Fresh Daily! PROMPT DELIVERY To Oshawa, Whitby and surrounding district 25¢ SQ. YD. DELIVERED ARMSTRONG FUELS 59 Church St. Dial 5-5864 Ted Tyers and | U.S. Cabinet Approves WASHINGTON (AP)--The Eisen- hower administration today gave its support to a bill by Senator Alexander Wiley (Rep. Wis.) to with Canada in constructing the St. Lawrence seaway. The undersecretary of com- merce, Walter Williams, testifying before a Senate foreign relations sub-committee c¢ on sidering the Wiley bill and other seaway ro- posals, said the executive agencies {of the government are "wholly united" in support of the project. | Eisenhower and his cabinet '"'un- animously approved' participation in the project provided it is lim- ited to the international rapids seg- tion of the river, as proposed in the Wiley bill, Williams, relating the reasons why the administration and the executive agencies are behind the limited participating proposal, said Dorothy Oshawa; Wallace Stain- ton and J. Sloan, Toronto, were callers at Mr, Claude Smith's. J. Sloan and W. C. Stainton, To- ronto; Mr. and Mrs. Bert Stevens, Hampton; Mr. and Mrs. Wilbert Smith and Dorothy, Oshawa; Mrs. J. Kennedy, Bowmanville; W. Ma- haffy, Mr. and Mrs. C. Rahm Burketon, visited Mr. and Mrs. Howard Stevens. & Carles < w WHITE © Overs iu one CON There's a Scarfe's finish for every surface Start On St. Lawrence Dam the present St. Lawrence system is "inadequate to handle substantial quantities of new tonnage." Such new tonnage is expected to | ti develop in 1954 with the westward movement of high-grade iron ore from deposits being developed in Labrador. Williams said the Wiley bill is "based squarely on the pay-as-you- g0 principle." He added: "Since Canada will act to build | Westminster Abbey June 2 the seaway on its own side of the border if Congress declines auth- ority for U. S. participation any- way, the narrow question now is: - "Shall we accept the hand of Canadian friendship, and partici- pate in the national interest?" Williams said '"we are confident" that federal authorization will be forthcoming within "a reasonable time" for construction of the re- lated St. Lawrence river power project. tion of th Construction e power pro- ject, involving a damming of the international rapids section of the river, is & necessary preliminary to constructio, of the seaway, whether by joint action of Canada and the United States, or by Ca- nada alone. The Wiley bill proposes the is- suance of $100,000,000 in revenue bonds to pay for the U. S. share of the construction. The work would be under the direction of. a St. Lawrence development corpora- on, Canada, the bill presumes, would build the waterway--permitting ocean shipping access to the lower Great Lakes--in the all-Canadian Soulanges and Lachine Rapids sections. The oak chair for the Queen at has been used at everv Corondtion since Edward IT in 1398. 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