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bame of husband and wife msit or v. ithdraw money ’pscm n or u hen he cannot {business hours. rum HAM HIGH SCHOOL mes US. h but}: pal'tivs to a Cnntmued on Page gift «it 011 ‘WiPLEMENTS Gummed. - ‘\ 1" -'r‘.r>. ._'~l1\u . 3:318? Etc. WW*VWW 'to \\.e U css we have the cash to 11: savings are growing." than I. *ays dc- 'mnv land, Manager O i!’!fo'!‘o'~‘. and stili have more l,f;§ 'hwrnm-hwm than they would} :- hzn'v had. or that {ha "L; is im! minim! mum to the "if unr- HE' ”I" is‘lilnd than they 'nr'uvfm'." from If, 01' that ::.- tfznsu numerous cases. I. _ 1W”! gull'Hc'S ho a business 1 a :z:: attractive and heal- mu: gomi accommodatwn ,f‘.11;i'of 1U. rcasmlabb rates. .\I. Emma. B. .-\.. Prmcxpal. D18 he children will teach ing their money, thus habit of saving. My musnx. Chairman. mh 33', July 31, 1924. ank m {AVINTS . thoroughly equipped fnilmviri: mums-mg qourses : Matmculatzon. ifs- Myfuld prepare to H» .\'f'r-mal.Schqol., t' Hm Staff 15 I} km. and experienced Pr ‘ I (Nun! 385 may be rincwal. .rrzmlitable record : hnpes to main- ,; .mz. taiwrcrs in this country _.g,- {tn-Iguvnfly Ulltl that. capitalists .u; .- :-:»;v.1r.;z:g Hunt of thcir wages. In 3Q" wz' i" is gitillltt‘tl OUt that a part Of (11.. 5.;w.i:zt-: at the industry in which i,;...x--~:-~ urn vaniloyed goes to pay syn-rust un capital owned by 0th9rs. titan i~ nut a tliurnughly ingcnuous .:.;::iiio-:it. t'ur it (lncs not point out, :~ :;,.. lzitml'o'l'S lmw much morc gif'i'tl'li'lth' thc industry is because. rin- \xisn inwstmcnt of capital tnan it wnulol otherwise) he, Or that. if. spun nt' thc interest charges the :zmuwi‘s rcccivc more wages than ilzo-fi cnuld possibly receive it' laz-gw sums of capital had not. been \\ :wly iqustml in this industry. 01' (-mirso- it is true? of them. as of the i~5anclvrs. that. if tlwy had thPm- M'Ao's‘ accumulatwl tlwir own capital ancl hml im‘o-stml it. in their own ministry as wisely as nthm's invested n. tin-ir wagvs would ho quite as lzigh as tho-y now arc, and ”IF? xxmilal lw rvcviving intcrcst l,)t_‘Si(lt'.‘S. 'l‘hwy wnulil lw hath lahurcrs and ("it'lfillisls and getting bnth incnmcs. tint inasmuch as thcy hail not am'uniulatml thcir own capital it is a mud thing for thrm that snmc one t‘lst' tlltl accumulatw sumo. 'l‘l‘my taro. at. lwast. gutting lwttcr wage-s than tin-y wuulcl Htlwrwisv hp gutting. linn tlmsv whu inVi-igh against. capitalism and ilcny that. tlw capitâ€" alist .ém-s any gmnl nr warns anything l'ur liiano-lt' whnn lw inwsts capital Ht :1 pi'mluctix'v industry are- cum- ;wllwt tn changv tlwir tunc \\'llt‘ll thwy turn a .nractical situatinn. Russian mnununisni was nut. strictly a l't'VHll. against. czarism. sincc czar- Esm has alrcaily lwcn nwrthrmm. l? tilll'pnl'lml tn l_lt' a rM'nlt, against, i-agsitalisi'n and. likv all cnmmunism. \xas liaso-r partly unim thc px‘n- ',.~.~itinn that. lahnr. prmlurvs all unalth ainl that. tlwrct't’irc. Whitl- thw capitalist guts is nccnssarily Ms: w much sulitractml frmn wagns. I'm-x aru nnw clamnring fur capital 'xI‘rl trying in borrow it. from tlw (itslilw wnrlol. livcn tho cxpmilicnt ' issuing unlimitm'l mutiny o’jlncs not. ‘ .uply «annual, for thc wry simplcj n'n.‘ ulniuus rcason that. munny ist ' vanital. Capital ccmsists nt‘ tmils.‘ .;i.-hino-s. lnsiihlings anol M'nr_\'thing ..... :2 i’natnrial naturv usmt in tho wunzvtiun vxccpl. land. Muncy is T\ a mwans ul' purchasing such __â€"vâ€"â€"- ‘. ;..'.‘. «'apiLil] raised it, and they : \ kw receiving interest in , ;.. tlwir high wages. That _ m nu way obscures the mat their wages were raised ,4; the investment, 01' the. My vupitul. LHIIl that, since they ..: mm. mmtal 01‘ their own to .7. A: was a sum! thing for them turn-fut! Hlliiiill had come in. WHAT CAPITALISM DOES .liml' products all \vmlltli. Rus- ;gli: to be i-ivli. It. has plenty But it uuw l't‘alth‘S that it. capital also. 'l‘lioi‘c are only -.\~' Hl' cutting it. Ono is to .iulo' ll. and HIP nthm' is to ll' Russia i-au accumulate . .ii uni need to pay interest to , vapitalists: yet it. is trying in . r. Why do not the Russians Alf" it. tllellL<i‘i\’t‘s'.’ They ..l - In tin so. but it will he a 11-1111t gain something ,and in ,‘ ..11._- dues not pecessar’ih lose ;1?H11- 1111101' gains. _‘ .--.1 10111 ~11 true, as suggested . .1131 11 the people of the 1 1-1.1 111 cumuirated their own 1: 11111 hz‘ul im estecl it as wisely 1_ 011-11511 éapitalists invested ._ fun} 111111111 be men better Off 1111 110“. That is to sav 11wstment of their 0an ' ...,..11111 haw Iaised 1hei1 own - , 11‘- much as theim'estment (Continued from Page 2) \HwH thv-monvy will issue I purvhasv thvm It. clues you Thursday, July 31, 1924. Capitalists and Capital THE FAMILY NEXT DOOR That. is tlw dvsii'ablv unil toward which to work. but. it should be1 pursuvd by pvacuublv mnans. Tho \vmki [S in :1 show l‘aclnn for example. must haw buildings mai l1- inns and lPalllL‘I' that w-mv madv bv chm' laborers. Thosn other 1311mm 5 must kw paid 101' their products. If the shimmakeis th0n1.ol\vs buv the buildings. 11181 hines and leather. What capitalism (tows is tn t‘QUil) [abort-1's with hints. machinvs imiht- ings. raw matvi-iuts and whato'vm' wtsv is nmmssat'y for vt’t'icio'mt pro- duvtinn. th‘m'v thv c'tz‘tys of mech- anical inn-ntinns whvn tunts \W't't‘ simptv amt invxlwnsiw it did not takv much vapital tn nquip a giwn numhm- nt' lzlhnt‘vt‘s. Now it. takes a largv unmunt. That is tho only nssvntial change that. has takvn placv in tho natnrv nf capitalism. New. nu gram» of lnbnrm's (umht ltOpP to turn grind wagons unlvss they were supplimt fi'nm somn s«;mx‘w with a wry wxpensix'v vquipnwnt. If ”my vquip thvmsvtws. thvy aw then their own capitalists. _ 2---- UVLIVWIIIE WUUlu De . With little capital to start With, Russian industries are not very prOductive. When indust- ries are not very productive wages must necessarily be low. ’ Out of low wages it 13 hard to save and invest capital; therefore the Russians will 3 find it a slow and painful process to accumulate their own capital it were borrowed, and they will not have to pay interest to foreigners. But. however they get it, they must have more capital before they can have good wages. If Russia can borrow capital at once and equip its industries with machinery and all that is needed, then its industries will be more productive than they now are. That will enable the industries to pay higher wages than they can possibly pay without capital. Out of these? higher wages it will be easier to save and accumulate capital. When the Russians save they can pay off their foreign debts and own their; own capital. They can thus own: their own capital much sooner and with less painful effort by borrowing than by not borrowing. For that advantage they can well afford to pay interest to foreign lenders. They will enjoy more prosperity while paying interest. and they will bes come their own capitalists sooner than if they fail to borrow capital. Foreign lenders. however, should not. be blamed for being cautious lending to people who profess in one breath to disbelieve in all interest payments and in the next breath to be willing to pay interest for much- needed capital. It is not improbable that after they get the capital some one will point out that it is. un- necessary to continue paying inter- est. to foreign lenders. Capital Is Nat Parasitic. In the efforts of the Russian government. to borrow capital in this country its agents make use of some sound economic arguments. 'l'hev tell us that the Russian work- meti have land and raw material. but that they need the capital and are willing to pay for it. We are UPI-fed to help them to help them- selves. We are reminded that, it is much better to invest. capital. in ltnssia so as in give jobs to Russians than it is to giVe. them charity. That. is undoubtedly a sound argument. it is a. pity that. it is not. convincing both to themselves and to all others who oppose capitalism. Tilt‘d'tfab‘tfll it is not. convincing is that. it is so iiil'ct‘th‘ contrary to the whole theory'and practice of comn’i'untsm. in order to argue that the Russian ltlimt'cl' silntllti he helped to help himself they are compelled to dcny communism and to accept capitalism ct‘impletely or at. least without any material qualit'icatit‘in. slow progess. Borrowing would be 1"“ ‘‘‘‘‘ “h- a. ..... easier to Lal. When an pay off own their GOITRB, SAYS EXPERT Eat pli‘nty of tish and mnid gOitio and othm' dismisos 01 the thymid gland. 'lhat is tho I‘N‘ipt‘ giwn 1w Mrs. hulom- S[)(‘II(°",PI it‘CillIPI‘ for Hm I nitwi Stan s buwau 01' “slim-- ins. Fish. she asserts. (:nntain [ho in'cvssai'y imlinv Iwmiml to keep thv thyi'nid gland functioning normally. If capital is not an aid in pro- duction. but onlx a means of rob- bing the laborers. “ages and pros- peritv should ha\e declined on the island of our student friend after the new fund of capital came in. Instead of that they rose. There is 11\'i1.‘l1_1ntly something wrong with the theory that. capital is parasitic. If capitalists 1111113 parasites and capi- tal a means 01 extortion. we ought to find prosperity ex ery where do clining in proportion as capitalists and capital increase. But prosperity increases. If laborers really believe that capitalists are robbing them by means of capital. we should expect them to emigrate from places where capital is accumulating and seek places where it is decreasing. Instead they do just the opposite. Here are some. hard nuts for those to crack who denytlie usefulness of capital and capitalists. EAT FISH TO AVOID Some think that the government should ,own all the capital and see that laborers are equipped with the necessary buildings, raw materials, and so forth, and pay the laborers their wages. In other words. they think that the government should do exactly what capitalists are now do- ing. Yet instead of acknowledging the important part that capitalists are now playing in industry. they denounce capitalists and capitalism, even asserting that capitalists are a parasitic class. If so, why should they want the government. to do exactly what capitalists are now doing? Again. they say that instead Hl‘ being an aid in production capital is merely a means of robbing the laborer. If'that is all it does. Why should the government own it? they become their own capitalists in the-shoe industry. There seems to be no other reason for dispossessing them without their consent than for dispossessinathe original pro- ducers. So long as the owners of the equipment acquire their ownership by peaceful purchase we have caplt. alism. whether the purchasers be the laborers themselves or some one else. Enlightened governments rec- ognize not only the right of the the maker of a thing to own it but also the right of the purchaser to keep it. Three weeks ago Mrs. Cole expect- ed him here, to end his days with her but. gangrene suddenly devchped and he was taken to the hOSpital at LOOK THEM OVER Get the habit of Iooikng over our Small Classified Ads. on page 7. There may be money in it. Small Ads. too late for classification will be found on page 5. If you have any- thing to sell a Small Ad. may bring you a buyer. If you want to buy anything, let the public know about it in The Chronicle. An outlay of a few cents may save you a lot of Itrouble and make yOu a lot of dolt; ars. For three years he was waited upon by his daughter and son. Then for twenty-four years he was faith- fully cared for in the home of his sen-in-law, Rev. C. G. F. Cole. A part of the summers and the last year he spent with his son, E. Sprague Clement, where he reviewed equal devothm. In 1874 he was happily wedded to Miss Myra Bristol, youngest daugh- tor of Elder Bristol, whose pioneer circuit extended from Niagara Falls to Detroit. Ho travellml the circuits of Mounts- borg. 'I‘apleytown (at two different periods.) F enwick. Rockford, Strait- ordvillo, Onondaga and Springforth. At this time seven doctors, among xx l1om wore specialists declared that 1\11__. Clements could not. live. For thirty-six years he was a helpless cripple. For eight years he was devotedly waited upon by his wife. The. anxiety and loss of their eldest son who was studying for the ministry, was too much for her and she entered into rest in 1897. “â€"_-.‘ r“ -' .- osnohvl V'... He cdntracted rheumatic fever from overwork and exposurc'tdurmg lour monuls Of.rcvwal mg'etmgs. The‘death of Rev. Mr. Clement, father of Mrs. (Rev.) Cole died in the Memorial Hospital at Dunnville on the 7th inst. We referred to the death briefly at the time but were unable to giVe particulars. This week we received a copy of the Elmira Signet from which we clip the following obituary :â€" The death of Rev. Mr. Clement, father of Mrs. Cole or Elmira was briefly noted'in the last issue of the Signet. Rev. Mr. Clement was born January 15, 1847 near Strathroy, and died July 7, 19:24 in the Memorial Hospital, Dunnville, Ontario. 3.--.- v .V’ VIII/“L IV. In 1871 he was converted, and entered the Methodist Ministry. be- ing disinherited for it, by his Ang- licna‘n father and Presbyterian mother. DEATH OF REV. MR. CLEMENT The country is getting so prosperâ€" ous that any little bank can interest a bandit. Anyway women have done much for the feebleâ€"minded, mostly by marrying them. Rev. W. Vollick; a life-long friend spoke of successful revivals at every appointment of every circuit, and the personal help by so many people. A number of the choir were those who had been in the choir when Mrs. Cole__\_vas organist. The pan-bearers were: Rev. W. Vollick. Rev. W. Bristol (nephew). Rev. Newnhlam. Rev. Holley. Mr. Thomas Fem and Mn}. Mprtyre. - vâ€"â€"-â€".l â€" s:- Hg was laid bt3side_11i_s__wife and son 1n Tlllsonburg cemetery. Rex. A. B. Marshall spoke of his silent minisny for thirty-six long years. Rev. J. Haith, chairman of the digtrict had charge and spoke of his anistry. _ The funeral took place from the Methodist church, Tillsonburg, On- tario, where he lived after super- annuation'. Dunnville. His death took place nigg days afte_r gentpriqg‘the‘hospital. Gent’s Furnisher This is just a partial list of the many Bargains we have to offer you. Drop in and be convinced that we sell the Best Goods for the Least Money. MEN’S WORK SHIRTS .. 99c MEN'S SPORT SHIRTS ..$1.39 MEN’S STRAW HATS 250 MEN! Get Your Share of these MEN’S OVERALLS including all the Famous Brands “Peabody’s” “Leather ’ Lable”, “Brotherhood” and “Bull Dog". D. M. SAUNDERS BARGAINS WHILE THEY LAST A Tooth For A Tooth! A skeleton believed to be that of King Richard II, who was,killed in the battle of Bosworth in Leicester- shire in 1485, has just been unearth- ed and handed over to the Leicester Museum. King Richard III took part in the final stages of the Whrs of the Roses and is credited with participation in the murder of Prince Edward. son of Henry VI, and Henry himself. Took Part in Last War of the Roses BELIEVE SKELETON MEN ’8 FINE STRAVV HATS 65c MEN’S BA’I’HING SITI‘S .. 98c MEN‘S FINE SOX, 5 pair $1.00 Durham. Ontario IS KING RIC-HABITS WAQ‘WJL . 3‘? PAGI m- ma: W