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PAGE l. Published every Thuuday morning at the omen, Gum: Stroo Dur- ham, Ontario, by [rank Lrwin, itqr mailed to an addreaa in Canada at the rate of .00 per year, 81.00 for six months, so cents for three months. To any addreu in the Unit- ed States of America. $.50 per year, 01.25 for six months, 05 cent; for three months. Foreign mbeornption rates on application. llember Canadian Weekly New:- papers Association. THOSE AWFUL BANKS We were much amused recent- ly when we read the following dis- patch from Regina under date of February 24: “Elimination of exchange and the cashing of all cheques at par is asked in a resolution adopted today at the second session of the annual meeting of the Canadian Council of Agriculture here. The council decided to submit the reso~ lution to the Government and such other bodies as may be deemed ad- visable later. The cashing of cheques at par, it was felt by the membership, would mean much to stabilize a better economic condi- tion throughout the country.” We do not know very much about the banking business, but from the above dispatch, we would take it that what the Council of Agricul- ture wants is something along these lines: We owe a firm in Toronto $100 for a bill of goods received and send them a cheque for it. That is, we send a cheque for $100. What the banks are asked to do is to give that Tor- onto firm the full $100 and not “knock off” the customary twen- good measure? While banks are institutions of public interest, they are also private corporations, so to speak, with shareholders and others anxious to cash in on their bank stock investment, and we think that if some of the members of the Canadian Council of Agri- culture had money tied up in bank stocks, they would be far from hu- man if they did not feel a little disappointed if that money did not earn them something. Another thing we often hear held against the banks is the ap- parent high dividends paid by these institutions to their shareholders. But is this correct in all details? The shareholders of a bank, as a good many found to their sorrow iii some recent bank failures, are liable to the “double liability” clause. That is, in case of the fail- ure of a bank in which they hold shares, they may be called upon to pay, for the benefit of the deposit- ors, an amount double that which they have invested. It might hap- pen that a man with $5,000 in bank stock in case of the failure of that institution, would be liable for $10,000. Bank stocks are a haz- ardous risk if you lose, and as such, Wham" is afraid of submit- tug any question, civil or religion, to the test of free diacuuion, is more in love with his own opim than with the truth .â€"-WA TSON. ty-five cents or whatever it is they charge for the service. What we would like to know is, why should the banks be expected to do this? Arrived in Toronto, the bank there would cash the cheque, notify the bank here and mail back the cheque to the branch from which it was issued. This would cost postage and quite a lot of bookkeeping, and now it is expected that the banks should put up this expense just for the fun of cashing our $100 cheque and showing us how competent they were to do this sort of thing. Banks of course are run for the accommodation of the business men of the country, just as a grocer runs his business for the accom- modation of the community he serves. But who would ever expect the grocer to give his serVices free and a certain amount of postage and clerical work thrown in for ‘v- wv w‘v _ _ pay higher dividends than other stock. And rightly so. Personally, we think the cheques at par issue is a mighty small one, and we are perfectly willing to pay the exchange on any cheque of rea- sonable amount that is sent us in payment of a debt. One thing we do object to, however, is this habit of sending a cheque for one or two dollars, which costs us ten to fif- teen sends to cash and is out or all proportion to the amount re- ceived. This fault lies not with the bank but with the person who issues the cheque. a ' '“vu . There are a lot of things we could suggest that could be changed in our banking laws. but we do not think there is very much chance of getting them agreed to. We would like to see the banks com- pelled to loan us any amount of money we can to ask for without security and without interest, and 5v W 3-..â€" ._-.__ ”has. we hav'e no iMeditte hope mmvmhnmmtm hmtdmdmldcallto Thursday, larch 4, mo. mind that it is the public's money that the banks are handling and not their own. Had we any money to start with, and kept it on deposit in a bank that was run on a sys- tem that would lend it out to every Tom, Dick and Harry on question- able security, we should never sleep well 0’ nights until we had it safe- ly in charge of a more consens- tive organization, or_ _else _stored gfiiy'iinohe of our old socks and buried under the crooked apple tree out in the orchard. - 31; Hawâ€"é adn’t know very much about banking, but think that thefg There are a good many of us who may glibly and without thought give expression to the opin- ion that the credit system is bad and that the only true way to suc- cess in business is by adhering to a strictly cash with order policy. But is this the truth? Personally, we think it is only half the truth, and instead of mak- ing the statement that the credit system is wrong, we would be a good deal nearer he truth were we to place the trouble where it beâ€" longs and say that it is the abuse of the credit system that is at fault. ~vâ€" ~â€" _ ___" are too many people running wild through the country today who know very little more, who can, in a half-hour’s address, remedy all the wrongs, apparent and real with which our Canadian banks are at- flicted much better than our best financial men who have gone gray in the service. Yes, sir, you bet they canâ€"in their mind. a fairly easy thing to discern that were it not for the credit system the world could not do business at all. If cash were the thing, and the only thing we would recog- nize, there would be no foreign markets, and with no foreign mar- kets, countries like Britain would starve to death, and those in the same category as Canada woulu soon be bankrupt. For it is our foreign markets, next to the home market, that keeps the wheels of industry turning. Looking at the matter from a national standpoint, it__shouldA_bg David R. Forgan, vice chairman of the National Bank of the City of Chicago, hit the nail on the head when he said recently that “Credit, not gold, is the life-blood of business.” He went on to show that something like 95 per cent of all business transactions in a well organized community involved credit in some way or another. Mr. Forgan spoke in terms of credit as it affects business, how- ever. He referred to used credit, not the abused kind. Credit of the kind that is contracted with the idea of repaying is all right, but the kind that is contracted without any future plans for payment is all wrong. The man to whom creâ€" dit means an obligation is gener- ally an asset to his community, but to the man who can be truthfully placed in the “slow pay” or “no pay” class, the extension of creâ€" dit is but a hardship to him and a nuisance and loss of money to his so-called benefactor. To some people, the renewao. of a note means the payment of an old debt, and for these there is little or no hOpe. There are business men who are continually hard up, but- if the bot- tom of the whole affair could be reached, it would be found that in a majority of cases, their shortness of funds can be traced to an in- ability to collect that which is com- ing to them. Sometimes this is their fault, sometimes not. _What this} need. is for a real calamit to overtake them and, with the co lec- tion of their accouqtsjogeed upon anteâ€"in.â€" _ they often find themseives in a better position than ever be- fore. Then there are people who con- tract small debts. Like the corn in the field, these grow and grow and grow, until they assume pro~ portions that they cannot meet in one payment and, unable to meet them this way,‘ they do not meet them at all. They never think of making a small payment ‘say once a week or month, with the result- that the irate creditor after moral suasion has failed, issues a writ and collects through the courts, the additional costs sometimes amount~ ing to as much as the debt itself. The credit system cannot be bet- tered so far as we know, and the real solution seems to be for the business man to be more careful to whom he extends credit and. before the amount gets too high, make arrangements for future pay- ment. Things are just what you make them. If you are gloomy and glam the chances are the world looks just the same. says a. newspaper heading. Sure it is, and that’s where the trouble lies. Some bobbed hair is all “ends.” “Caddie Killed in Rear-end Col- lision,” says a recent newspaper dispatch. It was an automobile. At first reading we thought it was a golf ball. The London Free Press in its women’s me .13.“ 3‘W ”.9: THE CREDIT SYSTEM NOTES AND COMMENTS Marry.” Some more on when NOT to marry’ would have saved some people a lot of troubleâ€"if they had taken it. Durham High school students held a debate Friday on the sub- ject: “Resolved that the world is getting a better place to live in.” The affirmative won. One of the points taken by the winners, we understand, was mat the world was getting better because the people sent to jail nowadays are a much higher class than formerly. Sir Harry Lauder announced Saturday that he had retired and would tour no more. Monday his United States manager said he was contracted to appear in that country the first week in November. Per- haps Sir Harry is but following in the profession’s footsteps, and 1926 will see the commencement of a score of “farewell” tours. Rev. William Lowe of Wingham, following a recent Lenten service at St. Paul’s church in that town, said that 51 women and only three men were present. He told the congregation Sunday morning that if there were not more men in heaven than attend the Lenten ser- vices on Friday evenings, there will not be enough to sing the bass and tenor to the doxology. We don’t know how many men attend- ed the Friday evening services in Durham last week. We weren’t there. One thing this country could very well do without is the per- sistent campaign of personal vil- lification carried on about our pub- lic men by some members of the daily press who should know bet- ter. Campaigns of this sort against men like Meighen, King, Borden and many others gain nothing and, besides taking away from their usefulness, no doubt prevents other men just as good from entering public life. Party policies may not agree with our own views, but surely there is some better way in which to correct them than by adopting the school-boy method of throwing mud. Criticize the party and policy if you will, but let per- sonalities alone. Canada’s leaders are as clean, or cleaner, than those of any other country, but you would never know it from a per- usal of the editorials in some of our daily press. And anyway, the old saying that‘a man is as good as the'pe‘éple who elect him, holds good. FORMER DURHAMITE 0N FERST COUNCIL OF CEYLON, SASK. a brief history 01' that town since. its incormi-ation in 1911 until the end of 1 22'). This is the one-time Western home. of Mr. J. A. Aldred 01' this place, and from photo on- gravings, must be an exceptionally prosperous community, and Mr. A]- di‘ed ma; be excused if he some- times re ers to it.- in a manner of pride. We have before us a copy of the January 6 Issue; of The. Ceylon (Saskgy Journal, 1g1_§\'lnch 15 ggvcn Recent Issues of Ceylon Journal 00n- tain Many References of Interest to Durhamites. Included in the photos are those of the new school, quite an impos- ing building, the l'nion church, the post ofllce, the Roman Catholic church, the new agricultural hall and skating rink, the G. N. R. depot and memorial plot, as well as a view of the village looking. toward the depot. Though the Village boasts a population of only 200, like all Western places, it has an appear- ance of prosperity, and being 70 miles south of Regina and 50 west of We burn, is quite centrally lo- cated or that land of big distances. Wit? it? i'KcErfiEiatidn" 5‘s 'a village m 1911, one of the members of the first muncil was Mr. H. H. _Alfl_g‘_0d, “I‘J \rV‘” sm of Mi AidEd’iiéré,’ and still a" resident and one of the place 3 prom- inent business men. \In the February 17 issue of The Journal, we notice that Mr. Roy Aldred, another son, was successful in winning the 800 Line Mills tro- phy at the Weyburn bonspiel held recently. Referring to this The Journal says in part: "The suc- cess of the local curlers under the able leadership of Roy Aldrcd has been a very p0pular one. among lo- cal curlers. Roy has been holding down third position at many of the honspiels in the past with varied success, but on this occasion, was urged by the rest of the boys to take the helm himself, the result proving that they made no mistake." The write-up of the village since 1911 is interesting, and we regret that we have neither the time nor the spncentq refer t9_it more fully. - -1 ml.-. ‘--â€"v w-- -â€"_â€"v_ We congratulate oui former rosi- dent on his victory and trust thav. he and his mother, and the village of (ley,lon may continue successful- ly 31011;, the business lines so ap- parent r0111 a resume of the histmy since 19“ Orangevillo Sun Tells This One A woman shepper approached the assistant postmaster in the local post office recently. “I would like to look at your red three-cent stamps,” she said. The official obligingly brought out a sheet of 100 stamps. Pointing to one of the stamps in the centre of the sheet, his discriminating customer sweet- ly said, “I’ll take that one.” Whgn you don't know what to do THE DURHAM CHRONiCLE MORE BOUQUETS FOR DURHAM HOCKEY TEAM Letters Tafl'y is a nice thing if you don’t get too» much of it, but unlike sul- phur and molasses, even an over- dose seems to slip down quite eas- ily. Previously this winter, as our readers will remember, this paper has printed eulogies from outsid- ers on the behaviour of our hockey team, both on and on the ice, and the receipt of a couple of letters since our last issue was very gra- tifying to us, and we hope will af- fect the Durham citizens likewise. Writing under date of February 22, .Mr. William P. Moriarity of Pans says: “I am enclosing postage stamps which I hope will be. sufficiept for two cepies of your paper In whieh will be an account of the Pans-Durham game of the 22nd. “The writer was present at the game here on Friday last. and en- joyed it very much, and Durham can well be proud of her boys who represented her in the game here, for the?! proved themselves not. on- ly gem players but good, clean sports as Well. “Them result though a tie, proved wry satisfactory to the writer as I happcnod to he in the position of not knnwing “hich team I want- ed to win. Paris being my mvn town and Durham my mother‘s. So tho tin scorn fitted in yin-y \vvll. “In the «wont HI Dui‘lmm winning the round, I am sure they will haw Hm bust \Vlshvs of the Pal-1:5 fans.‘ Writing: from Susso-x, New Bruns- \xick. our old frimu'l anci townsman. H. (Tod) Vicki-1‘s. saw: “Pleasn congratulatu mombms of \our hock- 0y tvam for me. I knmx some uf the bms owtho team and am kenn- ly inteirestod in the outcomo of mâ€" ery game, esyocizllly the play-MT games.“ These are not all the good things Mr. Vickors has to say nf tho Dnr- ham boys. but as ho has cautionvd us against using his latter for puh- licatlm, m» fool that, as he may be up this way nvxt summer. “'0 had better accede to his request or be prepared for a trimming: when he arrives around midsummm‘. [Jvo Iiogs . Wheat ..... ()ats ........ Barlf‘y ..... Buckwhtjeat Peas ....... M ixcu‘ Grain, iHay ........ Eggs ....... Butt 0 1‘ ..... [Nuatnus.pvr Shoopskms Iade: Reecived at This Office In- ‘l'het Durhun Hockeyiste flit Both Pu and Near. down near the seashore, in live ears’ service piloting the bunch to he championship on three occa- sions. Last year the High school team under his management went through the season without a loss. and this year so far (February 23) had gone through without losing a game. Mr. Vickers wishes to be remem- bered to all his old friends around Durham, says he is anxiously awaitâ€" ing the next paper, and now that Paris slipped one over, will no doubt go into deepjmourning for the regu- SOCIAL AND PERSONAL Taliâ€"66 'pcriéd. Mrs. Sandy Black is visiting with Mr. and Mrs. R. R. Catton. Mr. H. Rowland of Newcastle spent Monday and Tuesday in town. the: est of his brother, Mr. J. A. Row-1 and of the Royal Bank. Miss Mary Brown visited over the week-end with Holstein friends. Mrs. Cross is visiting her son near Chesley. Mrs. A. L. Biggar of Sarnia is visiting her brother, Mr. J. A. Lloyd. Mr. Gordon C. Maodonald of Chats- worth spent a few days in town this week and left this morning for Tor- onto where he will attend the Owen Sound-Kingston junior hockey final tonight and the London-Peterboro senior game tomorrow night. Mr. Macdonald has just come. out of the Owen Sound hospital where he re- cently underwent an Operation for appendicitis. M rs. Jack Ray and 3011 Donald, and mm sister-in-law, Miss Bella Ray, uf Dm‘noch, visited last week with Mr. and Mrs. A. Richardson at Swin- tun Park. .Mr. Roy Genoa of Eugenia Falls VISlth over the week-end with Mr. and Mrs. J. W. D. Evans,- Mr. S. Ponder 'isâ€"hvisiting with fl'lPlNlS at. Boston. Mass, The Real Thing Inclo : “Do you like riding on mv knee \ery mpch?" P im-yeax-old Niece: “Oh, no, I have ridden a real donkey." IR. mum: J. GRASBY man on runsnu Robert at home and Thomas at. I’m-t Credit. Two brothers and one Shh-r tllo lurVive, Thomas m Searlmr- ough, John in Brussels ad Mrs. Hay- ry Noble in the States. 'l‘wn rm}, dren are deceased, a son dying m infuncy and I daughter a fnw 3"‘81‘3 ago at 17 years of age. _ During hue Illness, Mr. (irashy “as three weeks in Durham linsmay but was removed to his homv Sun"): weeks 880. He .Was a man “1-“ thought of in his community, a hard wjoglfer andlalgom‘i. am} 01mg- ins neighbor, and Ulefamily hate the 8 athy of a Wide mm. ”f frie in the death of hushanu and father at a comparatively ”my a”, The funeral is being hold Hus :11'- ternoon. ”Nice n; the x'csidvnm- and veside being lll_C_hargv of Rm. . H. Wheelen of Trinity church, n:- cement being made in Maplvm...’ cemetery. The funeral is Ulldur H“. auspices 0f_the Oreggnmf‘n. uf \\'|I|"h ‘uspice‘ 0f the Ul'angvmnn, Hf “'llldl Order the deceased has how; :2 Wm‘ her for many yogarjs. The mmn'C!e JOINS “IO (”'nnli'ln- ity in extending sympathy m H... beretved family. Thor. Wasn't One “Who was the first. man?” mm: the visiting minisior. “Adm" the ChiMi‘Ull al1.~"\\‘ux'mi I“. chOrus. . _, , “Who W the first womzm'.” “Eve," they all shouivd. “Who was tho mi'vko'si. Inuit?" “Moses." “Who was tho mvvkc-st \\‘~m:m"" Everyone whs sizum. 'l‘in.- rm- drefl '00de lilfl'ikh M HHG‘ :HlHHEI'V‘ but. none could allswvr. I’imllx- ‘1' little hand went, up. and up. ..,...;.‘..;.‘. 81‘ said: “well, my b0\', \khu “H‘ she?” ' Preliminary “NOW, my dear Sir." suni In; 1“.“ “I cannot cure yuu nnluu 3m, 4., everything I tell you.“ “Good! Now first of all. I. my last year's bill." ' Ml righi “I _[_)r0m_isp__ “There wasn’t any.” film. lurch t. «as. (Continued from page 1) doctor," said skinner :l _\' mo! SCHOOL HONOR FOR PA: 0‘8, Audrc'y HM? Dorothy I’H‘kvs'Hw; Jr. I". H, An'rtzr HI NOODOI‘. l.:!\\'l'¢'m'~ \\ I Minghfllll. Ne‘lwol; I - JP: IV. A. Mm H MW". Carulam' M Btil‘d. (Emu-gr Num- Sl‘. I". A. ~l’1'unk Iorvvn. Urma Iz; Ior. \"allaw- ’rn .- Sr. lll Dean. .“ am! 5' Jr .1“. Sr. ll. ,.\_ r0! lhms l‘am‘vs Hu “Olivl‘u Wmh'. Clara Talon J r. Tran" J imn othy “1"“! don. hull [Mt I! Maul MI Dunsnv .h. i’: K it‘hc 'l. leiluv~. H U.S INN" 0“ l‘ plc dun him â€"-â€"Sudiu l Ieu. wot 0d plP ouch .h . on lot Maul“ Arms! “WM! Cha Comm AIM. tH' M( “NH Barium Duhnm Public l\'.--C|c'n me v. man .vav I"... "Laban I Gllllvrty. MW Thursday. lam Sr mm! AW?! . '. I\ Frimo .l r H Shane H \1 I\ ll fiauuclc'l mmpm {a A. It! H H‘nl s. 8. 1‘0 ”Anal! “GOV irah MI Ma M