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PAGE TWO TH CNDIN~T 1X1~ Cs., -. ..------ ~- JV±LLL, 1HUR.SDAY, OCTOBER 4th, 1934 Established 1854 A Weekly Newspaper deVoted ta the intereat8 of the tawn Il Bowmnanville and surrounding country, issued at King street. BownianviiIe, e very Thursday, by M. A. James & Sons. owners and publishers. The Canadian Statesman la a menmber of the Canadian Weckly Newpapers Association, iSa the Class '*A" Weeklies of Canada. SLBSCRIPTION RATES Anywhere in Canada,.$2.00 a year; In the United Statts, $2.50 a year, payable in advanice. Single copies, 5 cents. THURSDAY. OCTOBER 4th, 1934 Canada Then and Now Fifteen years ago Canada was engaged in floating one of the miost successful of its war loans. National enthusiasm was a, its hiîghest pitch. Business was booming and money was plentiful. Resuits exdeeded the fondest hopes, nearly M3.000 citizens subscribing for the 1919 Victory Loan Bonds. True, the income yield Of 51'-' was very attractive, but opinion then was, that People subscribed more f ront their whole- hearteci desire to assist national reconstruction ra- ther than because of the attractive rate of interest. Holders of these 1919 Victory Bond3. which will mature Novemnber lst, are now being asked to convert them into bonds of 1934 Refunding Loan. That the niajority of holders of 1919 Vctory Bonds will avail themselves of this privilEge there can be no doubt. They know what safe and profitable invcstment they have had and will surely wish te continue it. The record of Dominion of Canada Bonds during the past few years w-hen inve-ters have suffered lo'ss of capital and distresof mind, demonstrates conclusively that there is no safer investment than Dominion of Can- ada Bonds. Security of principal is paramount in any invesýtment. Consequently. 'when the ur.as.sailable security of Domninion of Canada Bonds is coupled with so de'irable an income yield as is offered by the new, Bonds., the response f ront those having bonds to couvert as weil as applications from new investors should be both prompt arnd. enthusiastic. Local Option Wins in Renfrew The tuwn of Renfreiv, which fcr 25 years has been a Io-ai option tcxxn, last week -,otcd on whetber the hetels would open their beverage roo.ms, or remain a local optien town. Local Option won eut, and the bey- erage roomn supporters failed even te get a majority, let alone the thnee-fifths majerity necessary te change the law. Whether we are prohîbitionists, tempenance or tiinkers, we must ahl real.ze that the beverage rcoms were forceti on the people of Ontanio witbout any desire on thein part or any cemand frein any respon- sible number of people. The matter was first injected inte the election campaign by the governiment of the time, and wvas then adopteti as a part of the opposition platform. Neither party sav any public clamer for the return oif the banroem. When a new governiment was elected the beverage rooin mwas puit into effect and the resulta have been mnost unsacîsfactory. Premier Hepbui'n has announceti that hie will net grant a refrendum oui the subject. Church presby- tries are demnanding that such a plebiscite be granted, andi rumor has it that many Lberals differ with their leader on this subject anti xxll force the issue te a vote when the Legslature nieets next year. Surely with such a tiemanti coming from ail cections of the couutry semnethiing shoulti be doneý. The so-calleti Goverr.ment Control Systeni, however much it was criticized. wvas certainly far ahead of bevei'age rooms as a real temperance measure. Those who use licquor were apparently quite satisfied, but the brewers were not selling enough, anti the new law came into effect. 0f course every municipality has the right te vote on local option, but many' daim that the pro- vince as a whole shoulti abide by the majority as it bas iu othen enactmnents. Too Much Ballyhoo in Political Campaigns Reasding some of the acidresses in the recent Feti- eral by-electiou anti hearing many in the Provincial election campaîgn last June. the average penson must be struck by the very evident degradation of politics te a level almest unbslîievable. Political campaigns seem te have been reducedt t a battle of slanderous ant inisulting words. Ont wonders aise just who is te blamne for the situation. Olti timers relate that des- pite the bitterly fought political battles f several ducteti theniselves as gentlemen, whereas many pre- sent day candidates both by themr actions anti words cenduct themacîlves as glorified hooligans. One need seanch very littie te find the cause People of today seemi to rclish this typc of thtug. anti newspapers, savoriig of the scisatioual tielight te play up the ballyhoo. In the last provincial election înany atidresses over tht radio vere both pîcayune anti often dsgusting. Tht clignity of publ.c office was Ils by both aides callii,.g cach other îînsuling nraes, auti accusing, each other of impl3ossible thiug'z Th:. week %ve reati an edit iaI in a ne'.spaper which v.as supp.sedtt t be a cever description off the Federal Cah:nct. This paper ha>, a habit of being vulgar iii mt. ed.torial colunmos anld x'ýceiveti severe criti<'iýrn sonie nonhs ago foi' a bitter attack on the Jewîish people, Thi.s iweeLc however, it helpsalabng the cause of tiîrty politics by referrng te, men xorking bard in the service of their couitîy as '*%".-n eut hack.., anti the acýting Primne M.nister is chargeti with being more interesteti in his own aggrandise- mient thani in th- more, t of the pe3pl ý,wM~e other cabinet mnî..ter. are reerr-d t tas 'a amaltown politiciati, a political %veiak ss',er. an elti man living in Partyism Is Proving a Curse We are heari-yini ccod ith tht sentiments ex- presseti by the Sincoe Reformier whe-n it says: It would occasion ne exieat surPri5ýe in many quar't- ers if Canada hati a National Gos eiruneuit after the next federal election. Tht inca lias taken reet anti i ncceiving tht nfluential szpport of mauv outstand- ing Canadians. It dots net require ana a ite obsei'ver te foî'see that Canada's vexing na mnaI preblems suclh as unemPloy-mtnt relief anti the mitay.can neyer be appreciably alleviateti uch less solveti. un- der tht systtm of Par'ty govtrnmeist as cu-rnî-tly- practîset in Canada. Each of tht major Parties has hati its chsance to, nemedy conditions amati eithei bas ecordeti any consPicueus success in the mattex- o! reducing taxation, stemiming tht recurrent in- creases in boutiet indebtedness or attemptimag a so- lution et the railway enigma. Pantyismn is pî'eving a curse te Canada In this critical time anti only through a National Oovennment can it be aveitiet. Financial Condition of Municipalities We hear much about the terrible conditions in the West. andi here in Ontario we pride ourselves on just how much better we are pulling through the de- pression. But figures are flot supposed to lie, anc recent figures released by the Ontario Municipal As- soiation tend to show the West in a considerably better financ ial condition than Ontario. According to these figures the Province of Ontario bas $97.ý000, 000 of debentures in the hands of the public in default. 0f the total of $504,750.000 this represents 19.1U%, or' practically one-fifth. Manitoba comes next to Ontario with l1%, while other Western Provinces trail hehint f rom 8", to 6%7. The coDndition of municipal financing in Ontario then is worse than any province in the Dominion. The Maritimes have no default at aIl. Fortunately the Town of Bowvmanville is not in default of any of its obligations, and this has been due largly to a axne.e effort on the part of the council te collect The natural tendancy in private business is to deal preferably with those wbo are known te be reliable responsible and honorable .The natural effect of fu- ture financing of muicipalities which have defaulteti their obligations can be plainly seen. Every miun- icipality will at some future time require capital monies to carry out more or less important untier- takings. It may be extension of electric light or water plant or it may be the erection of a new school. The risk in taking care of this for munici- palities who have defaulted will of courze be greater and the natural course will be for a higher interest rate on anything that might not be considereti gilt etigeti. Not only will it be difficult to secure financ- ing at a reasonable interest rate but debentures will be difficult to seli. With the.se facts in mmnd, Bowmanville citizens who maintain their efforts to keep tax payments steadily coming in, remembering that failure te pay taxes, means failure of the bank te advance working boans. and failure of the bank te do this, means default in debentures. And as we have pointed out any default means very difficult future financing andi higber interest rates. The whole thing makes a ery sound argument as to why every effort should be matie by both counctl and taxpayers te maintain the payment of taxes. It may be hard on the few delinquents te demanti payments. but its going te be harder on everyone who pay taxes if the town is not kept firmly on a strong financial foundation. the past" and the whole lest as an "ineffectual crew". Such references do no' tend te improve either the type of work that is accomplisbed for the cDuntry as, a shole. Finding A Way Out (Editonial from The Financial Post.) For many months nations anti individuals have been searching to lighten the burden of depression andti t set foot once more on the f irm grounti of economic recovery anti social w-ell-being. In this ciffcult task miany agencies havýe been joineti anti many groups uniteti. Tht business anti profess-ional man, the legislator, the economîst, the preacher anti the teacher-all have hati thei' fl.ng anti matie their contribution toward a wvay eut ef the maze in which thîs anti other nations have founti thenmelves since 1929. A unique contribution was atideti last week when delegates te the biennial coun.cil of tht Unitedi Church ef Canada reati the cDusidereti opinion of thirty lay anti clerical members wvho for tht past two years undeî' the chairmanship of Sir Robert Falconer, bave been deliberating on the attitude which miembers of this body shoulti take towarti the present economic anti social scheme o! thîngs. A 7.000-w-ord document, in which its authors unani- mously concur, it seeks to formulate policies and principles te guide the more than 2,000,000 pensons whg adhere te this faith. In probing tht ibis which have beset industny in rece nt ye'ars, tht commission sees as a basic cause -'the unsocial attitude of life" whicb besets the world o1 bus3iness, anti which it beieves has been brought about by -the false view of weath anti of property, tht covetous desîre for acquisition, the desire for power anti dominatien anti tht search for pnivilegeti position in tht quest for gain." "This attitude." continues tht report, "is frankly matenialîstie in its scale of values ant ilis aims. It reveals itseîf in the ceaselestiesire for more pro- duction than is needeti in entier that atiditional pro- fit may be ebtaineti; in tht spirit of tht hireling living fer tht pay neceiveti; anti in that frequent de- tachment o! business f nom ile anti morals which is indîcateti by tht phrase 'business is business.' "'It is seen in tht ivalry o! national greups which, wben able to veil their pnivate aims in tht vesture of national itîterest, changes conflict into war. It gîves us an industnial organizatian lrequentîy in- tenrupteti. anti a socety torn by bitter resentment at avoidable inequalities.' In seeking a solution tht commiùttee points te two cousierations which it believes must always be kept iu mmnd, namey: "The imr ortance of stîmulating indvîdual- initiative anti the ntcessity for social ce- oriniation.", ýS-Cciety," it says, -will ever require tht former, which, howevti'. without the latter may result in wasted energy." It urges a new spirit iu îndustry which will place 'co-operation for the general gooti above competît- ion fon private ad"antage"-a sentiment ceucurned in recently by a gathering at Lambeth o! Anglican bishops f rom ah Parts of the welt-but points eut that Chîistianîty is now chaliengeti by two rival inovements ýCommunism anti Corponate Nationalismi both e! wbich repudiate 'pnivate aggrandîzement as the major interest in life. anti both cati for devotion te a social gooti as supru-me." Theugh suggestîng that tht church provide 'clear anti concrete instruction in social ideals," it Ls em- phatie that ne mînîster must ever identify "the Chiristian programme anti mission with that of any political party on group' and that its funclion is te, 'point direction anti reveal goals ratheî' than te elaborate programmes of successive charges." Its nearest approach te specific policies is when it "ven- tur'es te indicate tht direction of seme recent ativan- ces as suggesting possible txtei-.qýon"-as follows: 'For example. tht demanti that aIl people have acceis to tht meamas ef fullI hIe as fan as they are rapable o! it. iuivolves; an assureti minimum provis- ion mgainst the feai' of obti age. unenaploynaent, dis- ability anti accident, tegether with protection against compulsion te accept a wagt which precmîtes tht means of such a life. 'The ides of a public utility is aIse constantly be- ing eni-icheti. Almcst eveny service ueoi- rendex-et as a public utility was oniginally, an enterpnise conduct- ed for pnivate gain. Anti it may be that extensions of tbis into fnesh fieltis will bring tht solution o! flans' pnoblems. prevideti security can be aI fondeti nrom the dangers which attend political administra- ion. Steps alneady taken in tht curbing o! tht use if power anti wealth for sçelfish endis point tht dir- ection for funther needeti progres-s."1 t c a c ic a ci Il e( ol MI fi ti of ec iIN THE DIM and DISTANT PAST d TWENTY-FIVE YEARS AGO FJFTY YEARS AGO y From The Statesman, Sept. 30, 1909 From The Statesman, Oct. 3, 1884 Bowmanville Fair Notes: Entries Prizes won by local exhibitors at 0 were as follows: Heavy horses 113; Toronto Industrial Exhibition in- e light horses 176; beef cattle 69; clude: Mr. Samuel Allun, fat cow, diycattle 56; sheep 111: swine 52; 3rd prize; Mr. Marshall Porter, Jer- a poultry23 grain 45; dairy prod- sey bull caîf. îst prize; Mr. W. Cour- uct ,; egetables 173; fruit 372; tice, Devon cattle, three lst andi flower's "79;, ladies dept. 247; mech- two 2nd prizes; Mr. W. B. Allin, a nicalI and constructive 42; fine arts Newcastle, rami lamb lst, Lincoln 119 dmesicscience 106; domestic lamb 3rd. manufacture 27- There were 21 en- Mr. R.obt. Beith was a very suc- t r i es ih tark apples. 20 in each cessfuil exhibitor at the Dominion Northern Spys and Baldwins, 18 Exhibition, Ottawa, receiving the each Golden Russets andi Wealthy, following prizes: Best draught stal- 17 in Greenings, 16 in Kings. and f lion, gold medal: heavy draught 15 in Colverts, besides a number of stallion, 4 years and upwards. lst other varieties.. Geo. H. Richards prize $50; ditto, 3 years oldI st and Thos. Bottrell & Sons carried prize $30, and 2nd, $15: yearling off the honors in vegetables Miss colt, lst. $10: and 3rd, $4; filly, 3 ILeta Jackson is to be congratulatedj years old, 3rd $9; yearling filly, lst on winnng Dr. Hoskin's $8 prize prize $10. for butter madie by a girl. This is Married: Brittain-Morris--At the the second tîme she has won this residence of the brides father, Sept. coveteti prize. 30th. by Rev. E. Roberts, Mr. Wil- jHigh School Notes: Miss Annie liam Brittain, butcher. and Miss Coulter anti Leslie C. Cox, recent Minnie J., second daughter of Levi' graduates of the school. have gone Morris Esci.. alI of Bowmanville. to Toronto University A crest for Mrs. Field, wife of Councillor stationery has been chosen that in- Field of the North Ward. has re- shielti. andi motto "Non quantum sed to friends in England greatly bene- quale." which may be translated as fittttd by the trip. meaning "Not hoiv great but of The South Ward is gettiug very what kind." ambitieus. On Saturday Mr. Mich- ael Lockhart brought to our office Mrs. G. C. Bonnycastle has been three potatoes raised by Mr. Jaî'ed visiting ber parents. Mr. an~d Mrs. Ty'ler, that weighed 8%ý pountis. If J. N. Kent, at Campbellford. 1 any of our reatiers can beat that we Mrs. William A. White and;,wýould like te see the taters. daughters, Mildred and Mosetta, Ou xchanges are making fun of who have been spending the summer Bowmý'anvilJe because we have11'l5 with her parents. Mr. and Mrs. M. Iol e.aid s, 127 bachelors. and 34 A. James, here, have returned to wdowers. But it is oui' lot and we' New York.1 must be hopeful andi cheerful about Mrs. J. H. Kydd has sold ber I atrgt r.Jh .Dvt beautiful residence on Concession, is recovering nicely from a fal Street to, Mr Martin of Toronto. Mr. Samumel Henry met with an ar'- The regular meeting of the Wo- rident while sboeing a vicious horse. mens Institute was held on Satur- The wound was promptly attended day with Mrs. E. Belîman presiding. te and hte is doing well Master Discussions on "Is Worry worse thanj Joh nny Graham is very ill. Work?, Pickling, and Benefits of -__________ Interbranch Visiting," were discus-i sed by members. An effilcacious householti remedy Jams MConache sippd 700ipouglas' Egyptian Li niim e nt. Jams MConache sippti 000j rings immediate relief to lamne ibs. of honey to Montreal last week back and museular rheumatism. and is shipping 4000 lbs. more this; Also relieves inflammation, burns, week. sores, corns and warts. W'hen the mighty mite demands his right.. Mother knows best. She treats His Howling Highness te Bowmanville Dairy m ilk. Bowmranville Dairy guards the purity and goodness of milk wth their laboratory control. There- fore, it's richer and fresher. A telephone cal wilI start court- eous, clock-work delivery. NOTE: A warmn glass of Bow- manville Dairy milk before going to beti is a saf e means of assur- BOWMANVILLE DAIRY ý r DOMINION 0F CANADA 1934 REFUNDING LOAN The Minister of Finanmce effers fo?. pnblic,a 0sri;g ion Two-year 2%7 Bonds, due I5th Oc!ober, 1936 Issue price: 98.90 and accru-îu :tbro. .l 1 ,îouiy Five-year 21% Bonds due l5th October, 1939 Issute price :98.15 and occrued întercsi, Yiel(litnq 2-90( -' Ioîtèutlrity. Eight-year 3%7 Bonds, due 15th October, 1942 Issue price: 97.00 and accrued inteýest, yieling 3 -4sr teo maturily. Fifteen-year 312% Bonds, due l5th October, 1949 Issue price:96.50 and acc,-urd iintere.st, Yieldiny 3-SI"1 <Io iniaturity. Principal payable without charge in lawful money of Canada at the Headi Office of the Bank of Canada, Ottawa, or at any of its branches in Canada. Interest payable half-yearly, l5th Apnil anti l5th October, in lawfuî money of Canada, witbout charge, at any branch in Canada of any chartereci bank. Denominations Two-year Bonds, $1.000 Five-year Bonds, $500 and $1,000 Eight-year Bonds, $500 and $1.000 Fifteen-year Bonds, $100, $500 and $1,000 Cash Subscriptions Ail cash subscriptions will be subject to allotment. Following the announcemnent of the plan of allotment, payment in full for the bonds alletted mnust be made promptly against delivery of interîrn certificates, which wîll be effected on or about l5th October. Refunding Subscriptions Holders of Victory Loan 5il%, Bonds due lst November, 1934, after detaching and retaining the coupon due lst November next, may, for the peried duning which the subscription lists are open, tender their bonds in lieu of cash on sub- scriptions for a like par value of bonds in one or more matunities of the new issue and receive allotmnent in full with prompt delivery. The surrender value of the Victory 5iý% Bonds will be as follows: 100% of their par value on subscriptions for tht Two-year 2%lf Bonds and the Five-year 2j%: Bonds. 100k%7 of their par value on subscniptions for the Eight-year 3l4 Bonds if effected on or before 6th October, and 100%7 of their par value after that date. 100j% of their par value on subscriptions for the Fifteen-year 3ý% Bonds if effected on or before 6th October, and 100r,' of their par value after that date. Holders will receive in cash the difference between the surrender value of their Victory Bonds and the cost of the bonds of the new issue. The amount ai this Loan is limited to $250.000.000. The Loan is authorized under Act ai the Parliament ai Canada, and both principal and interest are a charge on the Consolida ted Revenue Fund ai Canada. The praceeds ai this Laan will retire $222.216,850 Dominion ai C"nada 5h'. Bonds maturing lst November, 1934. The balance will be used for the~ generai'pur. poses ai the Government, including the redeniption ai short-term Treasury Buis. Subscrîptions wiII be received and receipts issued by any branch in Canada ai any Chartered Bank and by Recognized Dealers. irom whom may be obtained application forms and copies ai the officiai prospectus contaiming complete details ai the Loan. Applications will not be valid on iorms other than those printed by the King's Printer. The subscription Iists wili open lst October, 1934, amnd will close on or beiore l3th October, 1934, with or without notice, at the discretion ai the Minister ai Finance. DEPARIîMNT op FiNANCE, O-TAW.A, IST OCT."OER, 1934. THE NEW BOY Strube. in Daily Express, Londion. at NIGHT PHONE 446 and 703 Ir .4 N THE CANADIAN STATESMAm 1