Winnipeg Free Press

Friday, January 16, 1920

Issue date: Friday, January 16, 1920
Pages available: 19
Previous edition: Thursday, January 15, 1920

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  • Publication name: Winnipeg Free Press
  • Location: Winnipeg, Manitoba
  • Pages available: 19
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OCR Text

Winnipeg Free Press (Newspaper) - January 16, 1920, Winnipeg, Manitoba Birtty waives rights f1ume sovereignty Day january lib Merce Remir Nitti says Settle i lies with Jugo slavs it i or talc 1 i h in ital in pro or i.jto.1 win i i ily lie s t lenient to s nitty. Rifo Neil Tho Asli la. Tho annual meeting shareholders the Manelian sir Edmund Wall or Toik the Llari Kiib the l Loxi dont. The Fol p i pro a sub a the not be i available and owing to tie i eduction in the number Subh Erlb it k the total will probably not he to . Hut to i that about Ono ,.f tin. Last Tintoc Loans 1 As in on in Ihl not be made1 to turn downward with out in increase production nor fan Ivy face the obligations lot by tin1 War except by Gic atly in Ore Haliv production. Tin my mho Loos not do his Best at ills Irth the s submitted i Job is not merely helping to Biu i i i cad the Only pathway that will Load out our troubles but to is helping to raise or to maintain Tho Cost the Neon Illic s life for own family. I to called a 11 ,1. I inn a 1 Irlvy j in ind from ast net profits the Al Elm Lei year ending pm Ember and Doti bifulk Mere Imlej p Italy encourage exploration. Whin addressing Jou last car i vent Tod to express Tho opinion that the cover mint could afford to Grunt in i ounts on Tho production the in Canada with fiend Vav trip for saving View to the available sup on elsewhere As an l u Metal. " los advocate Eif a inv changes in the Pinion has Mot with disapproval Tho employee and Toino but 1 still think that i in the i Iov eminent should Elo something i Tifilo be in tin Mattei. Poi haps not much by info ring a Bounty on the Iiri Tho i to com .1 s and Italy port flume t under nation add cloth Iro in lid Fibril unit once an in 1 myth 1 e phase that Lily a i Limio do i to port ii to 10 As at cent per Gold . It to Cue Iago the exploration and it Volos men what Uio to be the world to to Ivilou Kund British and Orolim not insufficient production. While and the Iasi the Aro falling to produce on a Piralo to Piendle for human Comfort mime Juise Loho i Olio i to pay our debts tie Pilco in the diver it is possible Ever thing has .0 increased that Al that the idiom lie and nil uht sex a run provided _ sex a memorial Kundl Uncle Lle Pati Canada ,.f r n to id authority Tho in Tho Earl i issued a announcing the Transfer the Region or id ill ill so inn Komg Hurt. Treaty clauses in Are Traci to Pio Snail formally in r l Hirw All Tho i Siru Lluisi irian i Koum Tui a Aidra i t to Austria. Mii nod at t r. ainu Iiri Ioel Foru i 1 1 i j la 10 r inv Ink Ull the Keport. T i evident Rocini Somod Tho Rai manager to address the moot Luzj. Tho gooral manager then said general manager s address to the Ihm minus i also a Tiona Lurial it 1 fact on the Price that Metal. Tho the output the pros pm mini s is i oui so onion based by i the material enhancement in a rect a Mlih has to Ikon plate. A co idling to made up Hutc some Lime the i n per i Tince during Huhl from in Elf ?1.01.12 Tii Inu the. Tom Ilion los Lonj Jav j in. National contrary to the View expressed m.mi-. That it was null rely that should a Iii Large for Iii ii warn to Romp Tho Ector ha.-, i apposed. And we have Mado a new Locard in Boih profits and total Asmous. In donated by Contin Tineil High level Palcon for commodities All kinds left Ita Mark upon Tho Bruuno sheets institutions Anil while this condition continues it will be r1 a Lector in the figures our Unn tial statement. Oun i r. Nut re exceed men not More 10 centimetre to share Thi , i til it eat s treaty Over 7-.- 1 e ice treaty to sue enemy at 10 Bank i for j i Vernion Frem to , ii peace conference to. A " Likely. Co jilt Piip inv. Lead h Invin in delegations i Liu v it i the Sun Hoit i " in before the Auci in m m tomorrow i their a Sims Spain Tei Lav Premie. C Omen Oak Ita i to the to Mirn so i Laius ind Smedes d invitations to Bot in the pm Jup m thou re r acceptance attack americans. Ill 1 i a despatch m Aeri j hum Ino irom Piir s ii j the re Ittai a n traitors Onu two. League meets today . La. The Jiyto Benik tomorrow o clock it a. Public to be hid n the clock room 1 i2r Krenn foreign Ollice. Leon Conj French t. Res Lac and make the opening while k irl ked British Sta a for Jftair-5. Mill Ilao speak hush ambassador and american represent a is the i Tajo conference Hlll not 11h rate France tar pails to effect increase at least in Paris . u ,11 has til it Tho Iii Boon Elf. Eden this v it least Profeet Uio o i a i a Lull sin kill r Lii the i Tai is tin in this -an1 to in due to population tans Igi i Noj the Tho o is Poi thousand is he Hith a Metal test. N i .11 u in lower it Lefoie Tho out 3 i t in 1 Jil i i t in i is bloc ined until it 1 at to o City during the Dot leased. L l and l s u Ioctl. Eci called i Bot Eire alien 1 in Ilion Mas 700.000. Deaths funerals. . Who a i 11 it the Larius i evidence. I la wed ii Day att Ruou at from c. Irk. i. -ti.t.t. To ii in v h ala1 i cd it i Taon it tile t indy i . M in in. In ii Pla w Eliy r m i e i Motorj k. Tulle t. R i i. Ill 1, id the i t. A Tuzii toil incr Asod earnings net profits have amounted to St.071.oort alter a most careful Pio Melon Fin All thu doubtful items .1111011.7 the thank s shots. These earn Ings Exi oed those Eif last year i "atl.u-Torv increase i i j pit cent., but match Compulos Mith an increase . So per cent in a sets. The show that Tho forces Havo been Steen icily re dui Init the rate earn Lagg on Tho perform d by Camii Ullin tin Public to who re i terror voir. Are still actively at work and it is fervently to be hopi e Elmr the Iteen can Pettlon. So a the in Many Eli Roc will not Blind Canadian Bank ers to thin tendency it Tho times. When it i j that the three film Iii Odd dollars that we show As our biotin represent thu i Eai Iines Over too Fulci s. A id the ii sult the Eft oils a Stilt my love l a it will be More clearly Toog izod How me is thu Shom in comic Alkon the vast amount haul labor and heavy involved. The pension fund to have paid during Tho Fenn in Ute la i Ivul and i cent Phi to ont in ill. And now that tie War is Ovet and my Lizul it Nec Essaiy to Miiko up our building programme in in. M e Havo resumed our form i practice and have written tha aum j off Ijan i t Sumiye Sac i fount this . Perhaps Moro . Now than even. Owing to Tho exl Romeu Cost All Bui Jilling operations Uhichi has naturally caused us to limit our Prozor Trnini to Only Tho most work. Tho re Large ii timbers our men i from military service and their to turn into the service the Hank. Has a Ine lease Necos Sarv in the nov s Contr Bulion to Iho pension fund. This is caused by Many these returned men having. During their i Senco on military sol vice reached or Tho Ace at Mnich the Bank s onto Lution to to pension fund on their behalf All Ai i Are completed Nul the Vej Ueston their Back to Tri fund is settled i Large sum Mill no doubt be required to adjust the Bank s Conti 1 hut Lon Tor this Pend their i is out intention in the Nea Tuio to have Tho fund again Arv to in ii with a to in 11 easing Lin limit pensions a aided. We Liao also thought it his. In . The unsettled condition the principal foreign exchanges to set aikido the sum 57jo.ooo an in the j for thu continuous do in re i lease in the eur funds and than investments abroad. We could course., off hut this shrinkage by i it ing up the our investments in the uni states but As re Tho value we should Skivo to Luqu Letite our business in that count y. have not attempted to a clop such a shorts Luhti a policy. We Haw also to consider Liat thu Exchange situation Between Canada and Tho United states Mill right it alien the euro Pean fac Haugfos Bec Oino Moro nor mul. And m c think that the policy my the i followed is one that should com mond itself to every managed institution. Patriotic subscriptions As usual my Jou to Oei Noirin the larger m e have been called on to make during the year amounting to the sum Al most All on behalf objects a patriotic character connected with the War. There has been a Dorcase in our note Cli Lunation for. Titi Tarsi Umo since the commencement the War. The decrease Only j1.5 h 000, but it is one the first signs a Check in the inflation prices. It is not Unm Elii Ine. The increase in deposits to Joo is the striking item our sum Mon. Inel it has taken place almost entirely in the Moie stable Ito ii Deposit bearing in Tepost. The be. Leases in balances duo to foreign though All cd Ai Tilc hoi Irto and Giaelo Letura Blither a lures in Mon those generally Rop Csont actions based on smaller j merchandise and bet Ause value our Llouel Crnin for the year 1919 ii ji.j5-.7s7.000, is comp reel with in 191s, the actual figures for which fell slightly Short Eif the e Mem at there mat a do clone in Tho value Fra in crops but a Faitro lure enc in fodder crops and . In Somne there in a slight increase in the numbers All live Stock on our farms. Ii is difficult aset to obtain accurate As to the production our mines Tor Iho year just closed. To estimated that i31s at and the actual figures wore Lido. A or the Best Estl Montc we can obtain is showing a full Lair Oil neatly which is almost entirely in to metals. Because j lir ending the. War we produced Only about half the Einan Tity Eif Nickel 1 produced in 1918 about Tho same i Lead and Zinc at lower Copper also it lower prices and less Silver but at higher i prices. Canada s debt. The statement the Public debt Tho Dominion Canada fit the end think in terms dollars and not to no number .1 net total we Are living in a i and my Aro informed fool s paid do. The Impe Rylous do a that at the his the los civil year. mar raised All Mai chit will be and in vent was Only pos tie estimated net amount due. By Sable by ? the currency hrs talk to the Flo Monlon at the fortunately in lifted eur once november m . Mill Fiir increases prices. with there is Alno due Iho our own Cir Ronco a c brought Only Folly Otic r Cunt rules about j20.000. Exchange be. I goods in our own country assets Are Taucan into a Tho condition the Foi Oik n sex my Linum harm Motill be Don but in staling our net debt. In a Moie currency and j la " Laluo Liy c rat Ell Posod Iho Pastein Iii new building in Montreal during Tho Yogi. Ami this accounts Foi the be Duc Loii in Iteal Instate other than Bank premises. The increase in link promises account is duo to tin actin Ziemont silts fora num Ber our newer Biane Hes. In pursuance our Gonei Al policy in this respect. The our a from to during 000, or a t cent under the Oil a we mushier new branches. the mar the bunks by common e on ent Lolly the opening new Bianche i. Not Tinly tins Tisi lulled the me Oil Editk. Bul inc Drain upon Tho Mani did tin Rimini try for military Sot Mas Sei great that it Only with difficulty that those Meni heis our stall mho i to loft by hid Able to Cope Milf the1 Moik Hinst upon them even with the Tho tempi rare staff. Accordingly while the conflict list eel to could Elo no Moie than Tuke a p a record those place which denied to ofter a prom thing lie id. Milf a Luw the occupying them m he ii Iho general situation such a step. The programme thus Laid Down has fully Empl Sod our during Law past Viii. Hut is fairly Moll completed and idiom that to occur Plechl most it the promising in Momie lds in i that have been i ought to our mention and have our those Points Weic such act Leni me purpose turning our attention to for eign held. In the meantime the new branches be have opened Aie. Must them progressing san Faltot ily and although the initial i open saw con minted m Ith them Aie a we look be see them lie coins before Long a co strength and Piont the Bank s taxes. A Oino Eais ago hits attic the Olitt Lieak tile to took i Sioui to refer to the Subj t i Ait by tile and ad1 Isi u Mill no doubt to interest to to know hint the Burn taken out the air Folts the Hank dining tin past year and Fipple d to the pay ment double that amount or Over . To have i thought it Well to speak thus frankly Mio opinion seeing to to menu less m Lely hold do not heir fair e the by out the total 1.701 Furr this Hank Whei d Loi Lijo in Elencu the i Jopito either in the a i my or Navy. M o it instated dining Hie i oui 10 tin and to hear tie in them. Been glad to Malconie Thi to icon s Back to our Stirite. Anil Mill do All in our Ziouer to Assisi them to become to a Stabler Heel in civil life. It is our Hopu that in i . a Lossou Ash Muni unit they Mill find themselves at no Dis advantage As a los ult the loss in changes is Ono the. Problems with Mhilli to Havo had to de no during Tho i a Omro Detles thin usual to Are act past Ilar Antl it Ono in which the i ing like the Drunken Allor people i ate deeply concerned is ii Bas a very do oct Educ. Upon Ihler t i on Oulu Lito. Canada is not alone in tilt Lellig 110111 the Exchange. Ill idiom Lamillar in the m Oriel. 1 inn to the government Canada there is a debt Niue by inn nit Uichi it i ii our n u Como As Horo ind inn nor exer Thiru Reat Moltain to the Canadian ankh. That Lance milk fits. Hethe Nance i he c said or not. Without to or been or it is made in Tanada or Auoad Nade. The War expenditure our i Lee is no i Deal. E 1 lied 1 tact it is a condition to Lino -.1 i j Luis Ali the Alt Iclal tap tollents have be on in Mund to in in Del to pm reel the situation such me shipping to the Alt o is Curillio and ill opt Al limit. Pm fetes an Inabit Tualii and Mav even Dan i an every Purcell no Pouilh i made abroad whether in Fri twin m Fol in or Aiu where one to Settle ibo Volt. Mid the Rifo or the late Arioul h to Are r much concerned. N in i 1 to expression our Fai Luio or the level to Cash 01 i j a for t Al connection the in Al in inv it these annual i Lueien Ted the facts four Loroi Stii Niele. The it Hultai silos the Dillons m Ltd lip i Lii led i alt1 Oil oct titles Ahro id to Lor the import and a Detie As o in Agri Cultura. J ipod urls and in Diann pm lured 1 has fallen from a million to half a million but we lire Mill far from Normal in thin re Spect. The expenditure for pensions has leached monthly. Canadian securities tin la s Canadian Sec urites for ill Jaie much larger than in i is. And Llu in is an important Dlf i Icile m their do nil Button. L Otal sold in 1 Niblic corp t n h.loo. to my j 100 the out Dollar can onh be a l by saving Tio Noim and Gio Aler Pio Duc lion. It has Poi haps become Lauly be Dillons with lip United Sallis i Securi it gone Ralh known a moist mho to Pax take i int. Lost in the Mailer that tl11 municipal full Alfini a i. Tuft or t i n r our import lion Len i noted Stales Gre atly our exports to that county and Hal in Tho Case dual Ili Itani the e is true1, Tun Cipolli. Exit Eling Hli 1111 Poris. Thei Egioio. In Tho Case out Trade Milf the l filed states the in is i Seal it lec Ivalde which to can Al Oil against out Bills pay Able to that to until mlle in the cast our with ii oat la retain the is Tine and the Bills re con Able the lulls to Mich an yemeni thin sin has Boon Loki Illo obtain credit Troin us lot Many Pic hosts o Foud i i oui c d in i Anada. Fore icon credits. I.-, much Moie. Cpl a Lite the the than Llu o in s uhf i feeling the been on i to i , Mere i Lulf Stork Elul eco Koizim Nizia and in Simic. Its to notice tint comics to a ritalin. Mail Talili i t rom us Deci Easo in Raul i Gli Ted. De Woods. Hie materials Mhz Chi our Ilg Uro be Iii Ottil lion the i lined Tlell Alcied by the taxation Many forms taxation not it in us in Canna in will doubles be employed in addition to those now in Force but the whole question should to approached that cubs feeling which often Cali so i taxes to be to Epport lond that bitterness and a Sencin injustice arc Felt by in Ziy Olio do not object to being heavy y taxed so Long those who really can afford to pay their Hare do no. Escape. The income tax should paid by a much larger number citizens. The Tux on surplus profit.11 needs much study there i All i he difference in the world Boih in Taco and in Tho interest the com Between a. Large Sagit uate profit undo by u Small Mai Gln on each and a similar urn made by an unfairly Large mar Gin profit on Rich transaction. The Community May be deeply inter ested for own Nevai Isaae in curing the.1 Extension it the kind , while no is interested in the buc Ceas like other class except the taxpayer Miniie . The tax in the end Munt o Boim by our Industrial act Vilies. And to am foolish in our Basic Rel by to escape our own Shine. M 0.000 in p there is an increase about in the total but the in crease in the amount cold in the Al a Ltd stats is Over u70.0uo.ooo. I had it not been for sales Tho i diff Chirs in connection with now i Voik Hange a ill Havo been i much . I the process adjustment the difficulties reconstruction months Flor Are even greater it the exports Totlian feared. I he who e a child is Effie a four 111 a Tifuh. And tin in addition to on our loin the lie i i Ltd upon t in this the Inetie it Kij d lit Abi Oao has. M almost .i.-.isld, As 11 As tie pms Chai s Ulruch Liao to to Piid on mat. Rhine goods in p lying Lor the materials to me no 1011 de to use up a Mon Iho i cod is in Greige i demand than Aid Nur Fae denies Are in Hind in i production even Hue Man fac Tilie. Liilo nearly Fitim in s difficult the obtain oui total formic a Trio Foi the i u t Lomp n de with in t to it i Clear put the i. Nigel slates. Tho us i a nod status funds i is thus in in at it innate d by Ilie nit i eased de Mand Ulle the mini cd Lio Iii much to Lietsi m out 111 the past to make up Aiu deficit Cit s. That is Tho ill tilt m Hart. Sei n s 3 and in Bills Are ii most offset by the increase in acceptance under letters credit and none those chances possesses any special significance saw Only that Tho in in the use letters credit a foreign undo c. Ill i i i . Place i in i. T Mei d a Ostia i m 2 in Kennidy. I Nietert. Re. I nne Lui til t u j a Iti sult the ending the mat increased Cash assets the is Trie Sli Toilie me shut an a a on h ind. Than Ai i mounted Lluisi Tinon Noli b ii a a ii. 10. A "i1 .1. T. I Rill c in died .11 the Lofv. I u do in i Iii i Law 1- in Enlal s id m so 11 v or. Colet i. Oil ii Teel t it is in the c i Nigel Iii. E for by tin pm in held Lucre Doreas. La our Coln notes in the Cen cold Aielo or. Cones onding to our note cd dilation Tho Deviea Vej in there k a Elo i Leslly Pleil from their i Senee. The opening and the sex i pins Lon oui Siivo made in possibles to Lake on the staff again All those m Lio Aji ply for i Iii Statemon. Employer and employee. An unlocked for til. Mar a been thai the relations Belmon employer and in every life. One the pin any i urises tills Lias be pm thu a Tia Ordinary increase in Tho Cost but any Onei who voiced to grapple myth problems be Foo he employer Lunowa that this can be the Only a Tignall Jimart Hli Iliff Rulus. The Leoper and mine . Part them no Diu by. Had Hull origin in that phase the car when it took on Ihu aspect a Hefu und death struggle Between the opposing Force. I or a time every than a had to be sword lated to Tho turn ing out. men Tinl Tiona and mater Ial for use in the War. Tin Fox eminent became almost tin Riolo employer the Hile it ploy to acting manager or agent to secure Tho production. In Der these conditions the balance Sci gals and counterpoise enter rests Mero lacking. To Decuio the product Lon win Tho on thing that mattered the cosi Eif Elo ing so was a tick Onelard e onside Iarion and any demands Mado by Plovic wore grained almost before let m or. Asked. Thus in a co Dillons Anise showing marked ii Uptou men Over those before Tho War but others such is Are to la tire put into practice under the usual conditions a lilo. Ii . Per haps too much to ask Eitle i pm or employers that they Stoulil at once myth a Clear vision All the far reaching i ounces those a lingus. Kuflick it to say that Ihu adjustments in cos any. Now that business Hue Bec Tim Normal Aro difficult and involve to the utmost i spirit and a. M Lull Agni is to i oin Promise opposing on both Slort. Speaking our pm n staff both permanent and thu Rund Ercyl us i in Milf cull Day and to a Ive to Anel Sam Patnovic consideration to the dish cultic Nilca in i Pai their lot. Is salaried men and women. I in the co duo to us h men wants and. J that is he is in Huilan is not now Kes Lor for this purpose Tor i o ii sons lust that Iii tin is not soul i in Cash As in the Leonel shut such part this m debt diet is As Milit Lio made Avail Able for tie pin pose is Mil now acceptable Tei the i ill lil a tilth us Pav Nic tit lit that country has Al .1 Sill pills i ill a Hill she i anxious to ical Ixo. to theto Clois in Tho Jii Ullem i added the 1 i oct Inci e ased pm chases Lux i u s to d irom the i med states in the1 a Nelsonl Eia flee and easy an Lelta will lie obtained it ,01110 it the main Nasi is. I r the jut sent Siuk Iurii. V British imports. It not to Foi got Ion in any discussion the position the 101 As Tai Eeling Canada thai us Tai imports to this Ici Uii Aie com i rued Tho position Iho Kiili h and i Olit Liu Lulal is As lulled text h Inge is imm Vosahlo. The Dit in this eau in Ono .lndl4hiir by i cont acco iils Luever Iii lain in Bentling All Iii in i Gib in sue Elf labor and other Athelson ill Crim stand is Tei i p j Siim Nik i i place As an a i lion and hum that Iho ill Figuli i scent i spa i is Dore Asing i maj shall Hope to bees a decided in . In Trio near i Stuie in Impi i lion the Mother country those goods which to Bland in need and which Janeit be produced at Homo. Buy in Canada. To the Ollier hand in our Ilai ious myth the i nit my states to should aim the our imports especially muse1 Ait Clos be Mai Zelv Lux ill to u Inch Luis to air Educ Oil ii Ualle Mill at Homo. The position i a this moment is a i that our dollars can in More sly Loi u Home made Ai title than pm out in the i Pilod plates and it is to be Luik a thai this practical Les Suu v. Ill not be upon our people. Its Inelli Ionti should lie b nit r hauls and discontinuing to ii Pori Fin consumption in Canada Artl Lei Asmo t. Retell d to. 1 o slim up thin i Hurt Lead to Iho i octet Nealion Iho foil Lun exchanges. Hani Moik and self denial lie h As Mill increase our in come is i Wailon. Anil our Aie Tho Only so Nielen it in Emilios for Ihen disuse. Harder and Cater Diligence Aro need id to incu.ise1 product Lon ail self de Iii Al Imi Illes the cessation Pui 111 Hon ii on i tort Opiol imported Uit Clos m hich Aie can be produce Al at Doi Ilii what lick Stern necessity can in i i upon our tint oui foreign Irac Moio on a Eami me could interest on oui debt and Settle for our Puii from the tinted states without . But pm Ope cannot pay jus t now and we therefore limit our pure Lias is irom Tho states Ost Ible the Mai a our securities in to United state s Mill Midon and it Mill become easier to adjust our accounts but this will be a poor remedy j cannot afford o Inci Easo our i debts to Forel Kii investors in View j the taxation to shall to i curtail imports. I us i Onsi Iiri i Tow item in oui i imports m Inch at least snide St i eat e Iii t Ulni ent a i pie Paie a to Lestini. Our 101 the common Vood. I under tin he id Iippaie-1 to Alnoid to Tine extent Odo including head Kear alone for c r under fancy 100 fruits Ami i Tbs. Ijar Furi. Gramophone or s ulc ii. Various forms tobacco in All. S77.000.000, mostly luxuries. Then to Aie face to face m Ltd enormous import material pin our Hiob a i air cad Iii tiie. Or Milc h n Moull be ii atrial Foi us Ini tic . It is ictus that our Vional Lanai us Mould Benefit could either prod cd the follow items or avoid in any their importation Bucks and . Lodi Cimon lion and Stool in All forms including Tex tiles in All Fornix. . Rail War Cam. And Otho Fli Flos. . To attention to items this charac the r in i veal s but. To four Inui h effect. It ires enl however Tho people Canalin elixir keenly Tho result their to their n and it seems Woith while to those fait once More on to licit at Tention. Imports from u. S. To Liege is one conf Zilnik Loa Tuio Abi oui ratio tie i Niton states. In 11h.t me bought s2.70, last year m p Boucht Only about for every dollars m Orth bought by the United state s from Canada. Our purchases have inc to used in value by per cont., theirs Tivo increased by Iso per is no comp tiling the totals Holm ports for Aro less by than in 1918. But As in the item referred to in i incl years military stoics Here is a decline and another decline in pork both duo to the cessation the War the imports for Ordinary Pur poses Are much larger than Ever be fore. Tho most notable Are Tii ii. V i i might in a n Lolini m 1 11 to Anil t. I e Vears Mas a Ostern i no was Ayo. And parents i indicate i Ai Liv it i-eab.1 m Ivos the rom Hind total notes and Sard Bink balances re Thi i the no ast. Year. Iii in i is Bot Nau increase in our Call Antl Loans in Canada and a de to i ease in Tho Bikit a off 1919 a . Mis k. C. Baker Raimi. Funeral it i a. Lessening in the jul last the t Unanian general business but an i issued sixth a a the Money being Foi nurocjsej.-, connected with the Ion from War to it Ace. The my nuclei a Lance sir Henry Draylon. Again kill for a minimum j3uo.000.000. And Tho total sub Sci i pylons elsewhere. The rom Sutu relay sir. To. To St. Lames s Lafertc Bill killed i the thnh aim i d in huts l Killil the u i 1 Al imposing .1 Vears Aru Autonio Tiati i to the Moa oui holdings Dominion and pro i i ii Coveri Mont securities have Sci based s10.7ui.000 during the year re presented by our Faro or a to the Dominion which Are being Repa Iel out ii eel the up Idem Tsien Fol luvs. To. President s address. We . L p Lii Oligh a Joar in which the daily Sui Pitsos have been a As dining Tho War. And. In the anxieties have been ii 5in.it. M i Flint sometime.-, Tho Fallt talk to the Happi Neh s the m Oriel than human life Ituk. However still in in traction engines mainly for farm Ling about and in raw cot Ion about reduced wheat Export. There arc Many increases in exports to counterbalance in crossed imports but the Eliuta Tandang feature is the mormons decrease Jill in the value Eif exports Eif which is duo to a decrease in exports wheat. There in a reduction in quantify Iso bushels from life Mere not merely be but the Baily thereof was me it . We Are Short Osi every commode to the evidence this swing the l iie-1 that millions people in Europe face Sta Ivalon. We the Normal Supply com Modelle except by Norl Cong .l in than Usu in. And m e Cnnon Lessen the loin Lile High k the extra Mork which i Iid to the Lack com cannot adjust prices also Iii Nging about a con traction in thu volume paper Money and other instruments Trudil. And so far Asil is pot Helble to Onforio font inaction Vii thou interfering Vilh the production what is really the reduction hankies should not Aid speculation or isl to venture s who re do not directly Lead to Prei Ducolon. We me still building ships with feverish haste Thiol Ighut the world and we ought to be spending Large sums on m order that commodities May be freely distributed. The pre on t Cost Ocean transportation clime i Mui h As the Cost at in. Pin Nav . Stand like a Ziuko across the Retina to Normal condition. What is , however is that even pre ent paces in the natural order Ihms. Will go on rising until the Lui in the world s Supply has been ill cd. And the to Hiis been a Large contraction in the volume paper Money now in existence. Wanes and prices the Many classes earners there has been in acl jigs tent pay against this incr fun i Liv Lnu. But Theio Are Many inst Misc in which their has been Thor no adjustment or one in there Are. However some elapses who Aie to highly paid. In a Iii Iron Ullh the Paat that the have unusual spending and. Along myth All the others who Havo profiled unduly by Ihei War Bov Are upending their Money in such a manner Aslo still further the Tiou blocs the is Well off. Vinit from thnh after the Gigantic struggle the mar thei world slackened on Eigles and is ill cd Mith argument and unreal. All those elements move along All As on Dinar which clearly ends in ruin to cannot arrest their course. I races will to higher than before Tho mar for Many years to come but a readjustment to tolerable conditions in absolutely necessary we ate to enjoy the peace bought at such a Cost. Governments must borrowing and keep their expend euros Villi in thur Taxa Tion both Ines Laid urls Ami govern ments spend less on Thongn not absolutely necessary and we must ill Mcgirk harder to produce Tho nor Mal Auppl All the commodities useful in . Es6enti.il Quebec and Ontario representatives m ill be carefully studied and will have orc effect in Progri the Avoult on very necessary Aid economical transportation. The Prairie provinces suffered Frincu bad weather and produced Only in Widli Iviry . This Harvest. Idiom i Var. Would have Boon very gratify ing but for the terrible needs Kur Opu Al live Mon enl. In almost ill Tho re Torii Shore Aie statements great importance in it Gaid to mining. Our reports from is Tiah Columbia and the Izreo 1 All tic Alle Xii Bill i Iroil by. Especially i l the Cefai vanity their and markets shipbuilding prot ram. Ill the Effort to coi Seilier the. Al Lull Eif 1 v it to. Me for Fin thur Pur Peich building up foreign Trade with new countries inv eminent t Uvada has a ii crud upon a Lark Prourramuu-1 i . Ron tract Havo lot Foi vessels with a dead vol kit ton Nikic about the Fly forty live Mere Tor Lief o tie to r Al per ton while fifteen con iric Ted for Alnio the armistice i than jut ton the to the sixty b la Gill under to i went three vessels have been com ple Lod and Nineteen Havo Hecei Tuni Eil Over to the National Wajs and Are n these ships have been built in fourteen Dlf in the Follo Lnu mall Fin and now ill Nova Scotia tuers and in Toronto old Lintl. D and i on a it Nur in Inland and . Victoria ail j Rance it Upert in Lent Ash Liim . lie no double in up Lovile. La Weissi i Aliida and tin indie i Mil soil i America Ivehic Prival Hel a Iii ild hardly Bote the Mitil ent i i i Lent i e l l 0111 i la i Tull l find Iosim for Chueh. Onsiri Lerable is i thirteen i i in Xebec it in i ii Foi i h i ill time Tho demand for accommodation and for Many other Public and privates building requirements is greater than the world has Over known before. Surely this All sounds like the Prosperity we so often finh for and Ine leed to Many it in i Lime Large a Rolls or High wage.-., but tie pendulum can a Vang Only a i r Tam distance in one direction or Tho Oiler. There not much satisfaction in a Prosperity which can Only to by stained by borrowing Moie Money nor can our Comfort Boun alloyed production is Insul Loci it to keep .1 luge part the hmm id from Marx a review Eventt when the . Ever looks Bank at the vents i rift year a will not an Ines i Lute world failing to take Steps Neces sary to recover the Road to happiness. He will applaud the often is off Lola in Winnipeg Loston and Elsei where to fend itself against revolution he will wonder at the Tiv Ltd in the the world to Supply the Lack transportation he will see that capital and labor Aro not Fui ten i apart but much or to reasonable solution Thor i difficulties he will. Indeed. Irom his length tit in per up Yetive. Sue Thiol in 1 i chaos following the War i sle Adolv Vieding to that great duality us ton on which Tho Lope Tho world rests the love order. U e in Mai he. Has Ureil largely i Ine Veur the lion. In which our exports and there do my the War there. Is a decline died irom Lack there also a decline till an o mos Mere Ali nose As much As i loan. The minister finance and the coun Irv l3 lire 10 most be in Lily Upun this new financial Canad Tatjie a. A number _. Iii Luction in Toi y is i m in county s aiming at jul us wll Birs the 111.111 j vivit i a from que Ziec. At the a Vorac amount subs in i larger being in. U in Intoc Stilt to the Popup in Ltd have clod irom food. The mar has been m on by co operation in hit Al one a inning to loss All that to secure by indulgence theories Many them the disintegration instead e akan to opera Timi Ideal tiie restoration order Unpi chiment swirl Al Eon to that the number Mav be secured. It is1 not by so Ming Idle while me Dis Liss Mot oils that we Eun get out Vej our troubles. the Call is to Tho my do not wait be Cero the Boit i on an 1 too much argument be tween e aprial and labor. Just now. Madness in Vale w that Ive peek to save. The rising curve prices can in exports flax seed. the decline in imports pork there is a corresponding one in exports Bacon but there is an increase about in sex poits meats and Butler. There is an increase in the item ships fold to other countries our imports the totals and Duci oases Aro not very far , but in Export we Havo the extraordinary condition increases amount ing to Al Antl decreases amounting to had to Iii n fortunate m the a Quantity in Ruhf Tiulipe to had to Export in the fiscal ear ending March 1919. As we were in the Prev Lous Ejiri Liliian dial position would very different. Field crops. The preliminary or Torrate the co operation c Anada. As 1 Havo already paid won High in the Mii ild s re Gard by Superb co Craton in Tho one Ideal winning Llie War. Can m o not Compromise for the1 moment Iho differences by twin and labor Between Farmer and Manu a Ciurar Between Tho various inter ests that am risking our future for thai puke their own particular grievances and to operator in an other Ideal equally great tie restoration peace and the return Proa purity on a better foundation this accomplished the separate ideals the Industrial divisions our a lety can be with far More Chance fair Dju foment than is possible in difficult times. Must increase exports now to highly the Cost the War As Rrapi Esentad by our pub Lic debt. This debt is held mostly at Home but partly Alnord. In addition and do ing the War by gov municipalities and companies Ami sold abroad. On the whole the debt so hold abroad the annual Chartron is about per annul. this roughly about is clue to holders our ecu Rllins in the United state. And about to holders in or Tat nil Nln Arel Europe. This debt we can pay Only by an excess ports Over imports or by new Bor in j . The de by at Homo is our a Domestic . Certain citizens have advanced the the War to Trio nation and new have in Ella trl Buto this Rosl by taxation Over All the Canada except those mho i slap so As to meet the annual amortization payments. Tho. Annual Nientsu arc obtained by Rias nauly.iir so levied hat Iho Tanes do not become a Rausch Rettura Inonu our industries shall not fall to win through but to accomplish this much study the subject in necessary. Done m in Ada. Ill he i a Illel Elci. Montri in ills had the i the the Poi t the Iriina sin is ii Rivle in the to Thi i too. About ago. Forcin Trade. In a i Palomi no to our via ii ninth la Leterr Avo Pibil need some the information by repro non Tilves Eif the mho Loeo nth v i need Australia. New .1 , .11.d Hon. In tie met the fore Lun Trade Etc Cicada while it is i i Leir thai Feir some o come Mill con Iii mainly lieu ducks the Al id the Forest. Be mine the sen lie mile. oui inn lev. To must Hope Sie ajl in to increase the Export Coni Nodl ups on which Vve have1 to Pentla 1 Ninvi Miniri Tihoi lather Tynin Siom i thnh me die my in Iii. Thai in inf in tried mid lather Law mate rial Al prose r. Ili in is sin h an utile Hiarm to .1 Home for in pm Luoi our Ina 11 that e Imidean Drill m Iii Lei be ii Mir to liter i markets in the in it Soloi a to pc tiled i he pm Nildes Whir i we can urine ind have lie i j the main to 11. Asem supplement in. Doi Ilif. Do a a Jato Tho Trade Llie seemed our i kit to the expense offending a com p till Impre i a Illa Tive to to to adv 1 s to Al alive and c with Itle Iii the Sale their Imam do it should not be expected an should be t Bear at Leal a sure Iho Coil hear much about Llie a Leclene. M the Exchange value the Pound Sterling j for a few ve.ir.s1 and Moro about great Arltain a Lohsl Ihler Rood Aie air tendency in the a Oriel i Liler inel auce. But Road the in i proven port our manager Jou Lull i find no doubt no murmur j complaint ire at hrs talk has Nocom i Linh the most soup Eulous thing in he store the world owes moie1 a in respect and admiration Thun it can j my. Ever pay but she nothing from she is imply and aware Hei enormous a Belga icons. And what they a venue. N o one mho rends this statement will find j cause for put Vang . She is Tremy j Nul and self reliant on the . There is abundant cause for Pride that we Frei part or the Groat Umpire Nieli in the supremo emergency saved he world. One feature the Hill Lei a Lal so Tulion which adds to our Dif is tie Sale bore Canadian securities hitherto held in Groat hrs Nln. So Long is the Sale in ii Mellan in . My sell in a Gotlif to Iii Llie ate at least "ill1 e on l l it. And should Sirini made in in Clouti i nest Moi Kman flip i . It is Superior a Ficle rail in pro Giofu trade1 Many fluent Mirik a Foo Lii dollars will produce much 111010 i debt Eutie As on m ill Vigo at Tho moment Shaf they cannot got mater no o 1 ibor sufi Arlont to enable to fill Orden. It Idle to c Trade ring it hard to Mit Sui h a ment a Linin the i and Tihin so Wiiks Tho Otho . M e Neil Tho foreign and indeed in Tho future to not a mildly be to meet our it than usual in pounds this Lestum our Ficeti Lilleh will go on. And each Uale has the same Offei t on our International finance As the importation she value. Our neighbor the report emr Vork i Genth also Woitley careful Etuy. Tho volume Eif business Tran Eric tons in the United states is so Large that Tho legislation or Uny condition in coi Merco is Apt to be seen More clearly Anel Moro quickly i1ic.li in smaller countries. The effect Price Lex Long. And taxes on excess profits. Is clearly apparent in a lessening production. Whatever inny he Iho Light Way in which to punish the profiteer theses j Laii two methods act As in the end it is the consuming Public that is punished. In the United states Tho enormous profits made by supplying Tho allies have led to a Post mar expansion on a vast scale. The formation now companies exceeds All previous Anel the induction in Stock Exchange prices made Many enormous fortunes the buying poker whirl is the same As thut Money made in any other manner but Tho basis which so far nit Tho country a whole is concerned May by an Idle dream. In marked contrast to tills up War to Bell securities at inflated prices. Is Tho Niiles Lii old unless term build up 011 oxfiort.1-. I or Hon Tison Llie Hynde work a Alfh must eve pit be done should lie Livim a Ana Ellen in Otler Counti it for the purpose building up Trade which to shall a Nelv Fri want in a fear inc. i i no our present Opp Orlund Les. Solve our problems. We Havo a Noel before thai i lean solve Post War 1 More readily than almost any e country but this a Canada at Brit. We shall. I hop our taxation a linens and common Jonse improve the lie labor and a phial Flat in do very Best in pro direct the Lui in coming Boti i Ropo and from the United u he a becomes ill Lac ult and i chef col try. That it it pc Rei etly increase the numbers Lith o on Hie land and Mirkoj. L in one Tore find thus run bin 1 Rountry Benr be i tie War and better Mill l every returned Omier Fol no Rich a. Country Mij Morth us Feu. On Tho report then doped a Animo Fly. The by Laivo bar1, Weie tin ended. Len number Dan it i callous position United he lilt. The Railroad i curl Tea. Ilcau be re elect cd. And on arc Provo itch by u really Price i thanks to the the kirov isl Fml 1 1 Ivyll lie to John William Rasht or Tib Jve acl for the lowly in namely. Firstly ill Frlj i la. To lilo x 1 g on Elf Eif on and tin St. Jam a i Tho Oft o Xhu no i Tutar in the province a Eltoln. Readily and profitably Maele. And this orc. Must be adjusted before Normal Cun Tell Lonh Are Rector Cal. In Quebec a Well As in the the maritime proven cab. Ontario and Elbow hero the need greater housing accommodation is painfully apparent. Tho information regard ing is Moil ing. And we Lope that Miniat is re Garding Road build uni by both our Wright mulch a late Ell in id like a have Icil o Date Lent Elf los office a. Elba to Clay uni War a. K to. D. Dept. Dls1 read the get the tree press and latest news. Jews paper i ;