4. THE DAILY BRITISH WHIGC tr so ts MAKE CANADA .~ PROSPEROUS BRICK, STONE, PLASTERING AND TILE SETTING DOUGLAS & McILQUHAM CONTRACTORS : JOBBING WORK A SPECIALTY. PHONES 2267F--938W, 400 ALBERT STREET BLATCHF ORD'S FEEDS ARE BEST POULTRY AND STOCK OF ALL KINDS. : on . Wholesalers for i: FLOUR, FEED, GRAIN, HAY, APPLES, POTATOES 27 ONTARIO ST, McrARLANE & WOOD. PHONE 444. ry NEW YORK HAT CLEANING CO. SHOE SHINE PARLOR 208 PRINCESS ST. PHONE 395, PETER LAMPROS. / CYLINDERS 'Ground on a Heald R. M, CAMPBELL a Wellington St. Phase 1712). | i tine of Kitchenware Curried C. N. VEALE Plumbing and Heating » 4 Princess St. Phone 308F York Street. Phone sos [LIVERY IN CONNECTION Theatrical Transfer Co. R. Buckley, Prop. Cor. York amd Cherry Streets. Phones 291 and 2214J. Auto Repalet Carb Burning, Acetyleme Welding (Lars washed. R. C. CLARKE COR, KING and PRINCESS STREET \ lene Welding, anda Patterns, sand iro THOS. G. BISHOP "' gold standard system, and pas_ed on SUCCEED PLEADS FOR RETURN UF GOLD | STANDARDS 8ir Charles Addis Addressed | Bankers and Accountants at | Edinburgh, Scotland. i In an address to the Institute of Bankers and the Society of Accoun- tants at Edinburgh during the sec, ond week in December, S.r Charle. Addis entered an emphatic plea for a return. to the gold standard as it existed before the war. Upon the issue of the conflict which swung round this project, he said, might depend whether Great Britain was to regain her former supremacy as the financial centre of the world or was to sink to the level of a second-class power, Sir Charles reviewed the pre-war to the question of what now were PHONE 28357F, JE ---- Safety First ! You need KIN D QUEEN STREETS G iON 38. YO RESTAURANT | SPECIAL 40c. DINNER AND SUPPER the conditions precedent to its rese, ration. These, he :aid, as laid down by the Cunliffe report in 1918; were (a) cessation of Government borrow- ing; (b) the effective use of the Bank of England's rate of discount, and (c) the legal limitation of fidu- c.ary note issues. It could not be too w.dely made known that such was the official British monetary policy, That, was vital, because of the all-impostant psycholoy: cal ele ment. It made all the difference whether buyers and :ellers abroad saw uncertainty or weakne:is of pol- icy, on the one hand, or whetues, | on the other, they were convinced | of the firm determination of the wsri- tish people to ensure that sacrifices WEEKLY mi KINGSTON REVIEW ~~ ANOTHER DAWN. Monday we face the last of the Mondays of 1 1999 and also with it the last day of the present year. It has not been a bad old year, but it could have been a whole lot better. That is why we look forward to 1924 with enthusiasm and hope for we-- or at least those of us worth our sall--intend making it very much better than 1923. ' The man who makes resolutions to quit smoking, stop eating candy, keep away from moonshine, spend nothing but what is absolutely necessary, walk instead of motoring or us- ing the street cars, shun theatres and dances, ete. is a hum- bug. He is more than a humbug. He is a combination in re- straint of trade all in himself. For by his so-called resolutions he influences others toward that end and at the very begin« ning of the year, when a good start is needed, we find things slowing up because a lot of men have sacrificed their ambition and their manliness under the guise of making good resolu- lions and keeping them. Fortunately very few men keep all these resolutions and the period of slackness which follows them is short. It is a very Jaudable idea, when an individual finds himself going to excesses in some one thing, gambling on the stock market, to make a resolution at the New Year to cut that out. With such men we have no quarrel. But the chronic makers of resolutions seldom do that. They abolish everything and encourage others to do the same, Let us all make a real New Year's resolution--to be de- cent living men, who enjoy a bit of fun and pleasure when it is possible; to smile at the other fellow once in a while for our own good and his; to pay as many debts\as we can; to work a little 1aster than we have been working and to do as much as possible without becoming inhuman or mechanical; to give the home as much or more consideration than the office and to try to make the office a little more like home; to enter the year 1924 with confidence and optimism and-- VE oh WISH T0 ALL OUR FLLLOWMEN--A HAPPY NEW increase of employment. An undue CANADA'S YEARLY OUTPUT OF be it eating oysters or A When winter comes with sleet and ice, You'll find this will suffice. Doyle's Milk Maid Bread Perfumery, Tollet Preparations Dr. Bell WONDER MEDICINE C0. \ 110 Clarence Street. Phones 514-384 | GEO. A. BATEMAN | REAL ESTATE Phone 390w., 150 Wellington, \ -- F. H. HAMILTON Plumbing and Sieuwm Fig Is your Furance ready for Winter? Now ig the Mme to have f(t tuned up We will examine your Furnace and estimate the cost of needed \ Fopairs. Phone 1420w 131 Alfred st > zo ASK FOR MASOUD'S ICE CREAM ALWAYS THE simp \ 388 Princess Street. Phone oso. | Eh ) E. L. MARTIN pure food Phone 1369, J ; JOBBING WORK A SPMOIALXY HURD « gon GENERAL CONTRACTORS PHONE 14583, 38 STEPHEN &p, "ema R. ARTHEY | REGISTERED 0! AND OPTICIAN 143 Princens St. Phone 3100. | 7 | TO HAVE a PERFECT MEAL, Qa. K. ] , KRAUSE USE A PERFECT BREAD FRONT ST. PHONE 1158, -- BRITISH AMERICAN HOTEL Special rata Dinner Serves from M. B ; OHAN in rr on Rl 3 ESTIMATES THOS. ANDRE ETO SE str. Your patronage wolletted. = = GOLD STEADILY INCREASING FOR REAL ESTATE CONTRACTOR Princess Street = already made should not have been ®¥Pansion of credit, which produced {no increase in production, was every- TIRE CHAINS ---- We have them at MARSHALL'S HARDWARE 193 PRINCESS 8ST. PHONE 150. \ J EH Se -- Felt Hats Cleaned Ladies' and Gents' Felt Hats clean- ed and remodelled. KINGSTON HAT OLEANERS stric Home Needs BELMONT DINING ROOM Open from § a.m. te 13 midnight. A. TIERNEY, Phone 881J, Proprietor \) orm-------------------------------------- ~ _-- GEORGE HUNTER CARPENTER CONTRACTOR "FOR BUILDING HOMES" Phone 948w, 75 Pembroke Street. mma -- EXPPRT SERVICE ON ALL CARS . OPEN DAY AND NIGHT. Queen and Bagot Streets Washing done at night. Phone SOT. | PEERLESS HIGH TEST GAso.) LINE, OILS, TIRES, TUBES ~ TRY THE NEW ENGLAND loam NEW ENGLAND "BAKERY 397 COLLINGWOOD STREET Ls PHONE €18. | J. Y. Parkhill & Co. i DISTRIBUTORS made in vain, Dealing with the charge that the official monetary policy was a main | cause of the exi.ting trade depres- sion and unemployment and an im- pediment to recovery, Sir Charles | put the question: Had any substan- | tial relation, of the nature of cause | and effect, been established between | the currency policy and trade de- pression? It was unscientific, he said, to seek afar off for an explan- ation of any phenomenon, when there were obvious and adequate cauies to be found close at hand. The present depression of trade had been intensified and extended by the war, but they would be wrong to regard it as altogether normar. The fact was that, as always, the wa.te and havoc of war made a peqyent industrial boom inevitable; there was the usual feverich activity in' speculative production. ~ Prices rose l8wiftly to ther peak in 1920. Then! the wheel turned. It seemed | him fantastic to single out the pol- fcy of deflation as the principal causp of unemployment. Surely the main cause was the loss of their ex- port trade, due partly to the impov- erishment of their foreign cu:itom- ers, and still more to the disorgan- ization and unsettlement of Eur- ope. Sir Charles tfBn dealt with infla- tion as an alternative to a return to the gold standard. In Great Britain he sald, prices had fallen much more rapidly than the volume of purchasing power. Bank deposits, for instance, and notes in circula- tion were twice as much, while prices were only half as much again as they were before the war. There- fore, as every banker knew, a marg- in of credit wag still avajlable for the revival of trade when it came. If it was true that. production was working up to the limit of its pres ont capacity to absorb eredit, then the only result of inflation would be to inflate prices and speculation without increasing productien, and therefore without any compensating * Where recognized to be anti-social, Inflation was no remedy for unem- ployment, As regards the price 'stabiliza- tion" theory, Sir Charles; said that there was a good deal of exaggera-| tion current about the evil results ol pr.ce variations. Fluctuations in prices, so long as they were not abrupt or exee.sive, had en econ- omic service to perform with wascn Soc.ety could ill dispense. He ex- emplified this by referring to chang- €s In prices over long periods -- from 1820 to 1896, point.ng out that in the period 1874-96 the fall in prices amounted to as much as 40 per cent. In fact, business wun. ditions never were "normal." Pro- duct.on 'increased and . decreased. At one time orders were multi beyond "éapacity) At<another dropped to zero. Conditions were always changing, but business man- agement early learned to accommo- date itself to mutable conditions, and when the changes were graduel and spread over a long period of time, they neve seriously interfered with the development of trade, Sir Charles pointed out how, fn- directly, through the reaction of gold Tuovements on the bank rate, the gold standard :erved to check undue fluctuations in the price level. Inj. that way, he sald, it mitigated ex- st'll "vague in outlive. - It would re- quire, in his judgment moio cogent arg 'ments than had yet been ad- vanced to persuade the worid of Lusiness and finance that it was treme variations in prices. But the proposals for "stabilization" were wise to substitue a new and untried form of managed currency which nad grown up with the pro:perity of Great Britain, was familiar to its people, and was suited to their prac- tical genius. I ---- A hen in Amherst, Mass. laid 302 €ggs in one year, probably laying off Sundays and 11 holidays. "NEW YEAR SHOULD Many men and women are re- increases at' this wo Eri HH E MEAN MORE SAVINGS WITH MORE EARNINGS By S. W. Straus, President American Society for Thrift saves at least some pe ion of his Had any person predicted a few dustry of Canada would yet become jone. of the nation's most profitable industries and that the yearly out- {put of gold WLullton from limited portions of Northern Ontario would |be worth in exce.s of $22,000,0vv, such an individual's san.ty would have been seriously questioned, and his proper place of Permanent abode the asylum. That :uch, however, was not at all Mmsanely optimistic is now prov- en beyond successful contradiction, {and we go further in. saying that [ten years Whence precious yellow metal, carrying a value of cloie to $50,000,000; will be produced by mines in this province, Actual Production of this metal during 1923 is now est.mated at between $23,000,000 and $24,000,000 ana bed it not been for the en. forced reduction in mine Operations during the first three months of this year by scarcity of glpetric pow- er, there would likely have been an annual output worth considerably over $25,000,000. roe---- -- Kingston Markets years ago that the Gold Mining In- | 111% BROCK sT. J HOTEL RANDOL ) The Leading Gamal Specially adapted to Tourists and = Travellers, unning water in every LT, WELCH Manager. Cleaning Things and Dyi; ngs ng Thi Saves a Lot of Buying Things Dyer "My Valet" 214 Princess Street. \38 Sixth Sereet. Phono 1400. | { ey Soward Keeps Coal Coal K ard 2 PHONE 188 ---- Branch Office: MoQall's Cigar Store ~ PHONE 811. COLLIER'S (leaner Zh Phone 0. " OILS SWEET APPLE CIDER Made from selected ingredients only. The 2 Nim, Bagot Street, Kingston ~----WE NEVER CLOSE. STUDEBAKER AND CHEVROLET DISTRIBUTORS GASOLINE Phone 600, REPAIRS ACCESSORIES - > McGinn & O'Connor { Highway Engineers and Contractops Friday, Dec. 28. , ---- Fruit, Apples, St .Lawrence, pk. ......60 Apples, Wolfe River, pk. . Apples, Haaz, pk. ......... wos 40 Apples, Duchess, pk, ..........40 BABABAS, OB. +:vasvisasiiin.s BO Grapes, Cal, 1b. ,.. Oranges, dos. «...ee o.,,30 to 60 LOmons, dos. ....enceesssseser3 Dried Fruits-- Apricots, Cal, ID, ....voveese..80 Prunes, Cal., 1b. .. ++.15 to 30 Peaches, Evap. Ib. ......c.....28 Garden Produce. BEES, JI ets rrrsneisivrneiesid GArIOLS, qb. .....000vvesener. 3 Cauliflower, each, ........15 to 26 Celery, bunch, sssessssacs.b to 10 Lettuce, head, ............,...10 Lettuce, leaf Sasteevesnnnnn Onlons, Spanish, Ib......... injons, Yeilow Denver, pk. -appers, red, dos. .......0.....80 | Peppers sweet green, dos. ......40 i Potatoes, new, pK. .... ....... Potatoes, new bag, . Fresh vegetabjeg-- Cabbage, cecsressnendB 'Unclusstfied. Sugar, granulated, lb. sssennscdid 7 May the New Year bring H. lo ness and Prospority To ALLY HOTEL PLAZA Corner of Montreal and Queen Btreets. ESTIMATES sUBMITTED =) H. PAINTER AND DECORATOR Phone 1801w, 205 ALFRED STRERY Dominion Textile Company (Limited) MANUFACTURERS "PRUE COTTON" : MONTREAL~TORONT O--WINNIPEG ; Tr -- -- jugar, yellow, 1b, ....,.....11% |Loin, roasts, I covenesciniendB Shoulders, sugar, icing, 1b. ............. 10 Flour, standard, cwt. ..$3.75 to dolled Oats Ib. ....c....0i.vaiiB Honey, 5-1b. pail .. sssvenessdb Honey, comb, sesevrrsanranay susssnsenss 38 tO ewt. i. L183 00 Maple Sugar, 1b. .............26{Ham, h ssesnspersasessnes B30 ¥roats Jb: ..............00.,. 28 sesssesedl to 25 CATCRS® .........0.... 36 'Poultry 30] Fowl, 1b .. ....y vu ..20 to 22¢ Chickens, Ib. esse 12% [Turkey . PIKS, Wrassensnnsssnneiinens 18 Fresh: Trout, salmon, 1b... White Fish srveans 20 Produce, ; : Dairy : Butter, creamery, 1b ......38 to 45 Corn 'Butter, dairy, Ib ........35 to 40 new, Ib ..icuiail Ahsan nnes $110 feed, bus. .........|..8030 Hay, baied, ton ......$12 to $31 to $22 75 land +2220.18 10 35 IBRD, 10D, ..........1. 828 to §8¢ Buckwheat, bus, .,...... Corn feed, car lots, ceeesh. 81.00 erators, standards, 24%ec. New York, easy and unchanged. i: enna $7 ta $8 DUR ...uvva ii 3830 { \ RR a CL CRT