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THE CANADIA.N STATESMAN, iAttackingj k Cjtiven Say ejudjitjýI to Vincent iMas- 1and Irom 1.30u to 4 for everyone. [SiOn -t o brave' Saturday afternoon the boys hikedý rtY politics in up the river for a nmarshmallow attacks have ,,ast. I t was a real treat in everyl Conservative -way and wa's tl4or.oughly enjo yod by Young Cana- ail. 1!mýThe school. is -rowing. Room 'bas d it ýat once beeni found for'tw%,o new boys and Massey had they are being admnitted this week. Wagon, as the The two boys wýýho head the honor expressed it, roli are moving -over to the Darchi een adjusted bouse to make roorn., for the new- -Harris firini. corners in the present dormitory. is aJ Apple pickin'g bus been going on .adiy for the past week ()r so. A et crop wa's taken fi rornt- the or- ard on the Dtirch farrn. The final inýstalmient, of the boys 4ted home over the weekend. eryone bas been homre now for a rt stay and ail have settled down their new home once again and ppier than ever. Suniday afternoon e boys ac- ted the invitation frorn Trinity ited Churcli and enroiled as regu- 1nmembers of the Sunday Scliooi Lere they wviil attend eveýry Sunday w, for some tirne. Mr. Brown of Sschool staff bas also accepted Sduties as teacher for Rev. Clar- e Ferg-uson's ciass of boys. tai eiuV ±UL ,1 tOop- mLan, L3upertLii;eiaen.T, wsci eig:he's leve.Î in the er of the eveniing at the late e made to Mqr. Ms ucin into politics. __Mas-___________________ essary to discusteo »,ies"3 o"h'ee1tadof the self-styled 'practical' oppon- [ne toe feera acmin ents,~ is that hie is an educated man. inote fee rade. -The urgent need in Ganadian public dvoatig fee rad. lf e is for more young Ciinadians, to s of th~e attack ie es- f ollo'w Mr. Massey's exýaimple. Ig- ent in the following norance in 1jgli places is one of the greatest handicaps that Canada ha3 7% offense, in the eyes to con tend with". ecrcoats riety and the ÎOOOto $ ie in and1 look 'em over. It's a pleasiure to show dÎts $15 to $35. Il WooI Under- .....$1,50 each eece Lined Un- Penman's e best at $1 ea 4 ýnation i0 and sleeve oo don't have Un- Up- and 'I 9 1' k .0 .4 o' o~o. with lbîb Work Shirts $1 ' Ul WooI Flannel .... . .. . .... Bloomer fox' uits ...... $10 '00 Bloomer Tweed .$........ 7.75 )vercoats, lined, . .......$10.00 ýaps 75e to $È2,5 Underwear, al nd qualities. Caenada IKE a great ship that cardies «Ldon bravely through the gale, swept and pounded by moun- tainouls billowxs and hindered by shrieking winds, Canada has breasted the rough seas of after- War depresson and safely weathered the storm. Canada's Dollar At a PremÏuuu- Wliere Was It In 1921'? Proof of Canada's triurmph pver adverse conditions is shown by th.e fact that she is able and strong financially and that, in recent months, the Cariadian dollar lias stood at a premium, cornpared witli the proud Ainerican dollar. Here arc the figures for the ilast five years. Canadian American MVoney Money 1920-$1.00 equaled oniy $ .79 1921- 1.00 equalled only .89 1922- 1.00 equalled onl1,y .98!/ 1923- 1.00 equalled only .98 1924- 1.00 equalled only .99 1925- 1.00 equalled 1.00 Canadiain money has steadily in- creased ini purcbasing power, com- pared to American money in the iast f-ve years and, during the present year, it has stood at par and sonre- times even at a siight prernium, the Canadian dollar being quoted at a fraction more than the American. Compare this with the low point lu November,ý 1920, when it took $1.21, to equaIl the Americau dollar. Canada's 1934 [ B% onds Now at $10400- Where Were They lu 1921? Canada is now receiving greatly improved termas when she enters the money market of the worid to fioat her Loans. Her 5 , % Bonds, pay- able in 1934, were bring-ing only $90.00 in 1921. These Bonds are eag- erly sought now at $104.00, As the Rt. Hon. W. L. Mackenzie King,. Premier of Canada, piinted out during the Budget Debate: "In October, 1920, Canada floated a Twenty-Year Loan focr $25,000,000.00. The issue sold for $96.20, with Inter- est at 7%,'(. "In December of thie samne yrear, another Loan of a simi- lar amount was floated at $94.05, with Interest at 7%. C"In February of las't year, C anada floated a Thirty- Year Loan for $50,000,000.00. The issue sold for $97.81, Do Net Push Tour Country Rack We are now nearly at the end of the financial strugg-le. Faith and courage won the War. Faith and courage will win through the diffi- culties that have followed the War and which are now clearing away. Let us be as optimistic as before and take stock of our blessings. As Honourable Mr. Lapointe re- inarlsed, in the House of Comnions: "Play the game. Do flot push your country back, Keep cheerful or, at least, kee,-p tii " There are many reasons why we should hc cheerful. Face the Facts and Figures Trutk is Stronger than Fictiion '-v,0. '-'-'p.-:. 'S 75* o. TE CONFERENCE ýetipjg of Important bHeld iniPeterboya. ptinog of the Bay 01 CL commercial mOurtries of the world. With exports of $114.67 per capita and imports of $109.61, ber total for- eign trade on a per-capita basîs stood, in 1924, at $224.28, which, cornpared. witb $72.08 for the United States and $194.00 for the United Kingdom of Great Britain and Ireland. In vol- urne 'Of fxports, Canada stands sixth, as conl.pared to tenth as she stood i 1913, before the War, having in- creased ber exports, in that interval, fastcer than any other country in the worid, except South Africa. Her ex- ports per bead of population occupy second place. What P~ossible evidence could be more conclusive of Canada's increas- ing prosperity than is shown by steadily-mrounting trade balance of -xPorts, compared to imports. Balancçee 09Canada's ?rade- EYLperts vs. Imports Match 31st 1921-$ 29,000,000.00 against us, 1922- 6,000,000.00 in otir favour, 1923- 142,000,000.00 in our favour, 1924- 165,000,000.00 in our favour, .1925- 284,000,000.00 in our favour. REqually conclusive and gratifying is the showing of our export trade with the United States, which has steiidily grown during the 1ast five yea.rs, whilc ftic unfavourable balance of ,our American trade is decîining. buproving Balanîce of Trade Witm the United States The figures below show a steady decrease in the excess of our imports fromr the United States over our exports to that country: 1921 ................ $3 13,853,853 1922................ 223,369,553 1923 ........... ...ý171,909,520 1924................. 170,548,903 .95...... ......92,546,085 Canada's Foreigu Trade 2Recoards Phienom.efal Qrowtlj 111 1913, Canada's total foreigu trade, including imnports andi exports combined, for the first tirne in her h.istory, exceeded one billion dollars. In the year: ended july last, it was $1,923,000,000,00. For the fiscal year endîng 3lst March, 1924, ber trade witb the United States alone amounted to $1,042,000,000.00-m-ore than the total trade of Canada twelve years before. ' A CouutMry to Re Proud 01 Canada is a good country in which to live. Canada's savings per head of population ranli anong the highest, in the world and ber wealth is weîl diffused arnong ber people. Life i- surance in Canada, for exampie, in Canadian companies, bas increased from $2,935,000,000.00 in 1921 to $3,764,000,000.00 in 1924 or, by the buge volume of $829,000,000.00 in ibree years! Canadians, per capita, stand among the very best in.sured people in the world. There is only on-, direction inli which Cana da is destined to go. That is AHEAD. Wili you hol4 lier back or help ber along? Issueed by the National Liberal Informnatlon Ofie Il15 Sparks Streýet, 0'taswa, Canada Up-grade The National P 'ailways are making progress, as the tollowing quotation from the Right io.nourable W. L. Mackenzie Kin' Budget Speech conciusively shows: C.N.R. OpeWetlflg Surplus e§ $17,000,000-00 "Taire the situation with regard to 0pèrating results," sa'dMr y. "For the cal- endar year of 1920, the oper- ating resuits ýioweci a deficit of $32,000,0ti8.00. The next year, ther ea~s a deficit of sîî,ooo,ooo.(Oi while, in 1922, the operatiîofis showed, for the first timè, a surplus of $4,000,000.00. In 1923, the surplus had reached $2,1,000,- 000.00, whi1e, in 1924, it was $17,ooo,ooo.oo, Let us take, now, the total deficits after fxed charges have been paid 'on the Railways. During the calendar year of 1920, they aniounted to $74,000,000.00; ini 1921, they amounted to $72,000,000.00 odd. In 1922, the total was $58,000,000.00; in 1923, $52,000,000.00; and, in 1924, it was $54,000,000,00. In other words, these deficits were brought f romu the seven- ties down into the fifties." Public Expenditure Cut The disbursemnents for 1925 show a reduction, as compared with 1924, of $19,000,000.00, and recent pre- vious years show a similar progres- sive decline, the expenditure of 1925, as conipared, for exampie, with 1922, showing a reduction of $112,000,000.00. Total disbursements on a per capita basis show a steady decline: Per Head 1922 .. ................ 51.85 1923 .................... 47.86 1924 ............. ....40.16 1925 .................... 37.53 Canada is spendling less and she owes less. She is practising economy, rather than mnerely preaciiing it. Where she was spending $4.00, in 1922, she is spending oply $3.00 now. Incoune Taxes Reduced For FaMUi l ni Another cheerful fact, especially for the married man with children, is the increased exemption for fanlily men in the Incorre Tax,-: INCOMvE TAX EXEMPTION PER CHILD 1921.................. $200.00 1925 .'.......... 500.00 This change has given the f amilies of Canada $2,000,000.00 more an- nually to spend on food, clothing and s'heiter. The mnan with $3,500.00 incarne and the average f anily of three cbildren, who paid a Tax of $36.00 in 1921, is now exempt entirely. Coit o! Liv N as Deea BroueghRt Down It was clearly estabiished by the Right Honourable W. L. Mackenzie King, inhibs' Budget. Speech, that the cost of living bas been reduced by decreased duties on imipierents of production and thie Sales Tax there- on, which have the effect of cheapen- VOTE LIBERAL amnd Keep ing materialiy the cost of production in the basic industries. Changes made in the tarif jin the two preceding years on articles" of daiiy consuniption, food, clothing and the like; affected the homes of countless numbers. That the cost of living bas been materially reduced, in the iast few Years, is clearly sbown by figures f rom the Canadian Bureau of Statistics:- 1913-INDEX FIGURE 100 Sept., 1921 Sept., 1924 Foods ,............161.1 140.1 Fuel and Lighting 189.0 175.9 Rent .....,.,.,,. 144.6 146.7 Total Average....-.. 159,3 147.2 A calculation for Clothii.g places thec Index for 1921 at 167 and, for 1924, at 155. Canadians Are Less Taxed Than Americans Not the least aniazing 'of Canada's post-War achievements is her mar- vellous sbowing in Taxation. Tbe following table was prepared by the Dominion Bureau of Statistics and presented to the House of Comnions by the Honourable Ernest Lapointe. Total Taxation for ail purposes, in- cluding Federai, Provincial, Munici- pal and School, compare as tollows: Canada ................ $63.55 United States........... 68.49 United King-domn......99.36 Australia ................ 69.22 New Zealand .........77.12 Soutb Africa ............. 75.92 ILeadlng Caaian Stocks ShwCalada's Stwength The Stock Markiet is regarded by business men as a reliable business baromneter. When trade prospects are good and underlying finianciai condi- tions sound, the market price for leading bank and industrial stocks goes up. Hlere are the quotations for a niumber of iwell-known Canadian companies, sbowing the price of their stocks in the open market Septemnber lSth, 1921, and on the samne date, 1925. Can there be any doubt of Canada's progress in the last four years, with figures lilre these before you? Basnk of MontreaL .................... $205.o0 Royai Banit......-.........-.1.00 Bank of Commere. ........,..8.00i.o Canada Cenent Company....54.00 National Trust Company ....199.00 Toronto General Trust Corp'ni 198.00 Consolidatced Miniing and smielting Co ... ................. 15.00 Hollinger Consoiid'd Goid Mines 7.35 ntraialNickel Company 13.75 Dominion Texýtile Company.13-,25 Penman's Lirnitedf............ 95.00 Caniadiaxo Cottons 1Limited 72.00 Canadian Suit Copany,.. 62.00 Dominion Ca.ner........... 27.00 Dominion Glasýs Company.....5,5.00 Steel Company of Canada..... 55.00 Spani.sh 1tivcr 1'uIp and Paper Go.................. .....,. 54.00 Sherwin Williims Company l» 9.00 192.5 15.00 119.60 135i.00 91.00 100M0 Canmaas Expert Trade Grewing Fasteîr Than That ot United Stiates Canada's trade is growing. The, experts of the United States have in- creased over what they wcrc lupre War tiune by 85%,, while Canada s bave increased 142%.' Canada's aggregate foreign trade ranks in sixth place among ail the Canada on the 'g CANADIANS AND AUTOS It nuay ho contended that the tounding growth ln Canada's -Wi ship of passenger autos is niot an dence of prospçrity but is rather evidence of national extravaga on a litge scale. This is not the cý The purchase of automobiles is ý,iong-ero be regarded as being pi ly and sirnpiy in the class cf lux pure-hases. -To-day the autom-Il Pants ............$2. Iloves.................. Sox -....................... aune more in iniprove socil communit!eas generaliy mo: other single ner- evi-1 nceSev oedM as Bol zury Give thke f amily a welcome surprise one of bile, let these hot days by serving some of our delicious ~afand appetizing cooked meats. os hay We have the largest variety of cooked and ars bais l rrl cured meats in town. Corne in and see the fine n life. nany display anytime. itions. 1' life 0f course we alsct' have fresh meats of al kinds. GA. ]Edmondstone Phone 21,,, 1 Bow uanville Under Maclkenizie King Canada lias Emnerged From the Dark Days df 1921 Into the Liglit of Prosperity 1 one y'ear Ji. k,., Devitt Have ta,* h