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* | February 19 y Mr. Henry--Is there anything & cheaper you could say? Mr. Speaker, ; I have never seen such a disgraceful ©xhibition as is being put on herei tonight. . _ Mr. Hepburn--It's & long road that,' has no turn. When you had this side ntract Made :s# C O strong you were the most egotistical person in the House. You said once ' ' * €% I was not a fit nor proper person. | Mr. Herry--Get on with the prob-- | O O S e l al lem--stop throwing mud. | Mr. Hepburn--You are my biggest| problem. | t The Bank of Ellgla}l}d. .:Jhild I;Ix'.d}leg- I T *# # burn, had gone off the gold standard; | Pl' emier, BaCk In Ixenglature, Defends Can' ilt. was tunable at one time to pay its | * # debt in the legal tender it had con-- | cellations and Denounces Particularly _ (eeed iX "Was that nos yepudia: & tion? he asked. Ottawa Valley Power Company Bargaln "I hope the English press. which has been so critical of this Government, s | will bear this in mind." «» ACCUSES MACAULAY FIRM m ade®© . ; The British Government has ds-- | faulited on payment of its war HE British Government, the Bank of England and the Canadian debts to the United States. Was Government--all three--have repudiated contractual obligations _ "Ct that repudiation? The Govern-- in the course of very recent history, Premier Mitchell Hepburn ment had issued bonds, had received | .. > " real goods in return, but when the told a crowded Provincicl Legislature last night, in defense of his Hydro |time cam> to pay, the Government policy. ccould not, simply because it did not Back in the Assembly for the first time this session, the young have the money. I Premier levelled a half--dozen startling charges which alternately held rjf*:;e ,','éf ?;;t« B";?gin'or;figfa :iof,pe%figi the crowded House and galleries utterly silent or pounding their desks it was & point of fact, he maintsined in cheers. y Turning to the Government of HIGHLIGHTS OF sSPEECH. | Canada, he declared that the Farm-- Highlights of the Premier's hour--and--2--half speech, in reply to \ers' Creditors Arrangement Act in-- Hon. George S. Henry's lengthy address in the afternoon, were: volved repudiation. Undsr that piece The former CGovernment Leader, through his "inefficiency and of legislation farmors and -- other inability." had added to a situation which led to a clerk's death, after debtors whose contractual cbliga-- the clerk had stolen funds from the Government and then committed tions were tcoo great for them were suicide. aided in writing down not only At least a half--dozen men were guilty of theft from the Government, interest, but the principal es well, was and some were reinstated, and one was given a recommendation from the not that repudiation? Government after retiring "because of ill health." His Government did not create the The Hon. G. Hownra Ferguson, former British High Commissioner, Hydro situation. It was handed down : and one--time Premier of Ontario, was the scapegoat of the whole Hydro to them by the previous Governments.' contract deals. Mr. Roebuck was no "evil gonius," OTTAWA VALLERY DEAL. as Mr. Henry would have the country Discussing cancellation of the Quebec power contracts, he criticized believe. "I thank God we had a man particularly the dea! with the Ottawa Valley Power Company, with -- Of his calibre to deal with this situ-- which. he said, I. W. Killam, owner of the Toronto Mail and Empire, ation. , was identified. Concluding, the Premier referred to "That nefarious deal." he declared, "was entered into at a time when the Ottawa Conference, and his pro-- we didn't need the power, and for no othter reason than to bolster up the goi?ls there for conversion of public financial tion of the Mail and Empire." ®Di. i 'The wp:::e Treasury Department reeked with graft and corruption He knew before going to Oitawa, he when his Government took over office. said, the whole financial structure of " Mncaulay's Dental the Dominion; he knew the Federal MACcBUHIAY & infi Treasury was pouring millions into the > The Premier brought up the matter Westorn Provinces "so that they might of the Harold F. Ritchie Estate, from keep up their interest rates." which his Government had recently But Ontario, he said. was burdened collected $350,000, although Hon. Leo-- with 47 per cent. of the Dominion's pold Macaulay had warned him last load, and was paying that amount. session that he would never collect West Insolvent from this estate, and might even have : & to pay back a part already collected The West, he continued, was hope-- by the previous Government. lessly insolvent, and under Prime Min-- "All the facts were not disclosed (in ister Bennett $900,000,000 had been connection with this estate) by the added to the national debt. firm in which my honorable friend The Province of Ontario, he said, was a member," the Premier said. The would be known as the Province firm of Moorehead & Macaulay han-- | which struck the blow toward reduc-- dled the estate at one time. ing this debt through conversion and That was not right, heatedly deciar-- other means. ed Mr, Macaulay, Many such large Ontario had municipal debts total-- estates were handled by a trustee and ling $90,000,000, which were in de-- in this case the National Trust Com-- fault. "Yet when we bring in con-- < pany had handled the settlement, crete, constructive proposals before The Premier insisted the facts were this house we are met with solid op-- not disclosed to the trustee. He had position." He mentioned one bill & letter to that effect signed by Mr. brought in last session and said, after Rowell of the National Trust, he said. a moment: His pariner, said Mr. Macaulay, "Do you wonder why I condemn ; had acted as the late Mr. Ritchie's | you as I do sometimes?" solicitor long before this ever came | Would Like Opportunity. j up. and had handled it in connection ' He wisned, said Mr. Hepburn, that | with the National Trust. | h a ity = | he had had the opportunity of repu The Premier, he said, only wanted ; ; «+ | diating the Dominion power deals. to make another "low--down insinu-- ' The Henry Government had stepped ation," and he was ready to answer I ; <A j him | in and paid $22,000,000 of the Prov-- h | ince's money for the company, buy Hydro Discussed. ' ing at $75 per share. % The Premier turned to Hydro mat-- '"Then we have the Killam deal," ; ters. be said, referring to the Ottawa Valley | '"Mr. Ferguson is the scapegoat of Power contract. "As you all know :. this whole business, and let by hon-- Mr. Killam is the owner of the Mail orable friend'"--his words were drown-- ' and Empire." | . ed out in noise--"at times I could "That nefarious deal was entered ' extend my heartfelt sympathy." into at a time when we didn't nsed | Mr. Henry rose angrily--No sym-- the power, for no cther reason thgn 'p&thy has been asked, and none is to boilster up the financial position wanted. of the Mail and Empire, which is the _ Mr. Hepburn--You could use some. official organ of the Tory Party." Mr. Price--Why don't you have an investigation?