Clarington Digital Newspaper Collections

Orono Weekly Times, 13 Jan 1938, p. 6

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EDITORIAL COMMENT FROM HERE, THERE AND EVERYWHERE. CANADA Somebody’s Doing It China’s casualties have passed the million mark. Even Japan should be prepared to admit that this indicates that somebody is at war.â€"Financial Post, Training In Taste Music is being taught in 128 class- rooms in the rural schools of this dis- trict. In spite of that fact we imagine that many of the pupils still continue to tune in Cab Calloway.â€"Peterbor- ough Examiner. Those Markers! Science has now changed its mind about the atom. Is it, in these circum- stances, too much to hope that the Ontario Government can change its collective mind about the 1938 auto- mobile markers?â€"Toronto Globe and Mail. Msrder, Not War War, says Vittorio Mussoliniâ€"‘‘war is the quintessence of beauty.” What that young megalo-maniac doesn’t know about war would fill the archives in Rome. To ride safely thousands of feet in the air and rain bombs on help- less natives: is not war; at most â€" and at bestâ€"it is cold-blooded murder. â€"Halifax Herald. An Important Selection Parents should take enough interest in the public school to at least attend the annual meeting and vote for the election of a trustee whom they be- lieve has the interest of the pupils at heart rather than the saving of a few pennies to the ratepayers. The years spent in school are very important in the lives of the boys and girls.â€"Far- mer's Advocate. Squabblers Far Worse It IS all very well for us to grumble and growl about the way in which Confederation imposes excessive bur- dens on our particular district, but before pushing these conflicting claims too far we should pause and consider what a disaster it would be if the Dominion broke up into a num- ber of squabbling groups. It is safe tiA 'icy that' in that event every prob- lem we now have would become more pressing and innumerable new ones would arise. We would have greater duplication of services, pettier politics and a narrower viewpoint. â€" London Free Press. Canada’s Cinderella Billions of dollars from the north in the last few years from gold, nick- el, copper, pulpwood, newsprint, lum- ber and so on, show that New Ontario is Canada's Cinderella. And this from one-tenth of the population of the province. No wonder Mr. Hepburn is pointing out that the future prosperity Of the province lies up here. And just Wait till active iron mining opens next spring and we get a few necessary roads!â€"Sault Daily Star. A Union To Be Desired What the British nation has to face today is the Berlih-Tokio-Rome axis. Francedta with Britain but the United States îà a doubtful quantity. It is a serious condition. But from the de- bate in the British Parliament, it is evident that once a union between the United States and Britain is consum- mated, it will be a better world and the war-monger and war-preachers prill be put in place.â€"St, Catharines Standard. Bâ€"D..... â€"-v W'V;v â-  â-  . , listen to Wes McNight inter- view your favorite National Hockey League Players overt Toronto GFR8 London CFPL . Hamilton CHOC Chatham CFCO Kingston CFRO North BayCFCH Brentford CKPO Sudbury CKSO KKohonor CKCR SaultSte MarieCJ 1C Stratford CJCS Kirkland Lake CJKL Wlngham CKNX Timmins CKGB St. Catharines CKTB EVERY SATURDAY NIGHT 7.00 P, by 16* "All Suit» Energy SEE HIVE GOLDEN CORN SYRUP THE EMPIRE Solitude Wanted ! Did many readers notice a small ad- vertisement. in The Argus recently in- viting intellectual and refined people to form a colony ou a South Sea is- land ? Apparently many did, for the advertiser has received more than 260 replies from those seeking solitudeâ€" provided it is not too lonely. The ad- vertiser, who produced his credentials, is a member of the Royal Australian Air Force, perfectly sincere In his in- tention to form an ideal social centre, ‘ to eliminate hatred and poverty and fear.” In his Utopia he promises wild horses and cattle, cascading streams, tropical fruits, and no tax collectors or other pestilences. It Is not true that of the replies already received to this alluring advertisement nearly all came from politicians and bookmakers seeking surcease from turmoil. They came from ordinary simple folk who are tired of this civilization, and who cannot stand the noise of the trams in Elizabeth street any longer. â€"â-  Mei- bom uti Argus. The Gulf Stream has a maximum velocity of nearly five miles an hour, which is equal to that of many in- land streams. Drag Substitute Dr. Erich Mosettig, of the Univer- sity of Virginia said recently there was “definite hope” for the discovery of a substitute for morphine with no tendency to cause addiction. Dr. Mosettig, who has been engaged eight years in the search for such a drug, said its discovery was only a matter of time. lie told of the re- search work at a session of the na- tional organic chemistry symposium of the American Chemical Society. Dr. H. B. Haas, head of the chemis- try department of Purdue University, described escaping hydrocarbon gases from oil wells have been captured and used in soap, shaving cream, lacquers, resins and high explosives. The method consists of mixing nit- ric vapor with a hydrocarbon vapor, heating the mixture to initiate a chem- ical reaction, and condensing it to ob- tain the little known nitro-paraillns. Royal Bank of Canada Reports Good Year Total Assets $869,538,000 up $14,000,000 â€"» Deposits Increased $10,000,000 â€"- Liquid Assets 65.53% of Liabilities to the Publicâ€"Increased Profits Shown Si LISTEN. , „ .j-ùJjujl/lùfld TANABA-I938/S I IMPERIAL TOBACCO'S ' mr INSPIRING PROGRAM Every Friday Night on a National Coast-To-Coast Network The Annual Balance Sheet of The Royal Bank of Canada made public shows a moderate «growth in deposits and total assets and a strong liquid position. Total de- posits amount to $766,089,696 and are higher than at any period in the bank’s history, with the single exception of 1929. Commercial Loans Increase Current Loans in Canada, includ- ing loans to Municipalities and Provincial Governments, amount to $200,563,727, an increase of approxi- mately $12,765,000 as compared with the previous year. Current Loans outside of Canada amounting to $101,147,198 are approximately $4,000,000 lower than last year. Coming as it does after a steady de- cline in current loans over a period of seven years, the reversal in the trend of commercial loans is en- couraging. As might be expected in view of the present stock mar- ket situation. Call Loans both in Canada and abroad have been sub- stantially reduced. Gall Loans in Canada amount to $19,392,906, a re- duction of approximately $6,700,000. Call Loans abroad amount to $10,- 070,583, a reduction of $4,500,000. Strong Liquid Position The liquid position is strong, to- tal readily realizable assets being $514,671,335. Of this amount $168,- 638,928 is represented by cash on hand or on deposit with the Bank of Canada and other banks, while $245,606,374 Is represented by Do- minion and Provincial Government securities. Public securities other than Canadian amounting to $26,- 927,482 show an increase of $18,- 937,353. This increase is under- stood to be represented in United States and British Government se- curities. Total investments amount to $316,568,917, an increase of $33,- 398,096 from the previous year and a new high record in the history of the bank. Total liquid assets are 65.53% of liabilities to the public, which of course, is a reflection of present conditions rather than of deliberate policy. No doubt the bank would have been glad to have replaced a considerable proportion of its investments by commercial loans. Profits Higher Net profits for the year are shown at $3,711,389 and compared with 1936 indicate an improvement of $207,138. Dividends paid absorbed $2,800,000, The usual appropriation of $200,000 was made for Bank Pre- mises but the contribution to the Pension Fund Society was increas- ed to $300,000 as compared with the former appropriation of $200,000. Balance of Profit arid Loss Account carried forward totals $2,325,176, an increase of $411,380. The Annual General Meeting of the Shareholders will be held at the Head Office of the bank at 11 a.m. on January 13, 1938. Calhtifi a// (jnmrtor 04APLEAU ECHO BAY _ BRUCE MINES THESSALOri WEB 8 WOOD BUND RIVER E5PAN0LA MASSEY POWASSAN SOUTH RIVER PARRY SOUND GRAVEN#! URST Twice each week day The Toronto Daily Star broadcasts news over the Canadian Broadcasting Corporation’s new high-powered station ÇBL. Toronto. Morningsâ€"8 to 8:15 A.M. Eveningsâ€"6:15 to 6:30 P.M. â€"on one of the highest-powered stations in all Canadaâ€"50,000 watts â€" covering practically all Ontarioâ€"on an air-channel free of all interferenceâ€"- clear as a bell. Get your news Red Hotâ€"news from all the worldâ€"brought to you with the immense facilities of Canada’s Greatest Newspaper. 5HAWVILLE MfOLANQ if THORN lH$W£N SOUND (REEMORE FLeSHCRTON COOKSTUW, liKVNOw DURHAM BEETON1 FOROWiCH BRADFORD TEES WATER 0RANO VALLEY HARRIS TON TOTTENHAM flOtTON PALMERSTON ATHOR ER|f4 &LYTH fccoftA sfRemwue '’PARK “ ' HILL TAVISTOCK f DRESDEN APPIN - e,ieRO ANCASTER 6L£NCOE , ALVINS TON ' THAMESVILLE F*x HI6M6ATE flLENHEIM MONKTON NewHÿèuRO Stock plattsville ’ EM6RO ANCAS --- BELMONT SMITH VILLE PRINCETON MCRR.TTON NORWICH BURFORO RODNEY ----- VlfRLIN WHCATtey KINGSVILLE

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