Winnipeg Free Press

Winnipeg Free Press (Newspaper) - August 21, 1948, Winnipeg, Manitoba Freedom of Trade Liberty of religion Equality of civil rights Winnipeg free press printed and published the Rree press company limited 300 Carlton Street. Winnipeg. Manitoba. Authorized As second class matter by the Post office department Ottawa Victor. Sifton. publisher. Executive editor. We. Lord. Bruce Hutchison general manager. Associate editor. Winnipeg saturday August 21, 1948 socialized Banks r in deciding that a . Government must socialize All the private Banks of Canada without delay the rank and file of the party has overridden its experienced leaders. This revolt in the . Convention is a healthy sign of democracy and the Freedom of the delegates. It is also a Clear proof that the . Has become a party of outright and Complete socialism which in office proposes to place every aspect of the National Economy from the largest Corpora Tion to the. Smallest business under the control of a Central government. The National Council of the party was satisfied to give a . Government indirect control of the private Banks. It proposed to use the Bank of Canada now owned by the government and the Industrial development Bank to govern the whole credit investment and production policy of the coun try. This existing machinery of control together with a . Investment Board which would direct All investment to fit the government s Over All economic plan was considered adequate by the National Council. If it proved insufficient to fulfil a . Government s plan then and Only then the private Banks would be expropriated. The convention with the doctrinaire in charge decided for immediate expropriation of the private Banks. What would this mean in practice it would mean that every Bank in the country would be a department of the government. Every Bank account of every Canadian citizen would be in the hands of the government which would invest and loan As it pleased. The depositor would have no Choice in the matter no alternative Bank where he could Deposit his Money. At present the private Banks use the Money of the depositors to make Loans to borrowers. The Money is Only loaned to borrowers who in the Banks judgment will repay. The Banks must prudently manage the loaning of this Money or they will go bankrupt. The record of the Banks shows that they use the Money prudently that the depositor s savings Are Safe. If the government owns the Banks it will use the deposits to finance Only those undertakings which the government considers desirable whether they Are profitable or not. That is the whole purpose of Bank socialization. A a not Only will the depositors Money be at the mercy of the government s various socialistic projects but every businessman from the smallest to the largest will be at the mercy of the government in the conduct of his business. Every businessman from time to time and almost daily borrows Money from a Bank to finance his Purchase of sup plies and equipment to expand his Plant or to carry him Over Slack times. All his operations depend on this system of credit. The Banks Are not interested in his politics. They Are not interested in the kind of business he does or the goods he Long As they Are sure that he will repay his loan. It does not matter to the Banks if a Borrower for example proposes to turn out a product which would compete with and perhaps damage an existing product. The Bank is not concerned with anything but its own profit and the safety of its depositors Money. A government Bank would be entirely different. It would make Loans Only to borrowers who in the judgment of the government were operating in accordance with the govern ment s Over All plan. If a Borrower proposed to turn out products which the government considered desirable he would receive a loan. If he proposed to turn out a product which the government considered undesirable he would not receive a loan. Otherwise there is no purpose in socializing the Banks. It is not difficult to imagine How the personal political views of the Borrower would count with a government Bank. The Good Borrower the Man who supported the ., would certainly receive preferred treatment Over the bad Borrower the Independent Enterprise who was opposed to socialism and who in the government s judgment might pro Duce goods in Competition with the government s own fac tories and thus undermine the Overall plan. A a by controlling All Bank Loans the Central government through the provinces constitutional control of and civil actually control every aspect of the Economy Down to the Corner grocery store. In the face of this policy As ordered by the . Convention no meaning is left in the party s Assurance that private enter prise will be left free outside the Circle of nationalized industries. With All business borrowing controlled through the socialized Banks with prices and. Inevitably wages fixed by the state with All investment regulated by the state with Competition destroyed there will be nothing effective left outside the Circle of nationalized Industry. Canada will be a completely state controlled Economy in every aspect of its life and in total disregard incidentally of provincial rights and the intentions of the British North America act. This whole hog programme takes the . Far to the left of the British labor government which already is. Re coiling from some of its Early socialistic the British government has never proposed to socialize the private Banks and is depending mainly on private Enterprise to save the country. It has never proposed to socialize the Long list of industries ear marked by the . For government owner ship. If or. Attlee can confess that even his programme has tried to do too much too quickly what is to be said of the ., which proposes to do everything at once Many of the . Convention delegates however do not seem to have considered the implications of their banking policy. They have been actuated More by a Blind hatred of the capitalists who As they think own the Banks than by. Any knowledge of the facts. And who actually owns the Banks they Are owned by thousands of stockholders most of them people of Small Means who have invested their Sav Ings in the shares of a Safe Enterprise. It is these people savings which the proposes to expropriate without say ing How they Are to be compensated. Disregarding this fact As shown by the Banks lists of shareholders and disregarding also the fact that the general Money policy of the nation already is under control of the government the . Has for a kind of total socialism which goes far beyond anything Ever attempted in any eng Lish speaking country or indeed in any country which has remained free. M. Reynaud gets his mandate As France s treasurer m. Rey Naud now enjoys the Powers he sought to cure of the National he can begin to install and enforce a practical taxation system. By collecting As much As he spends if he can do it he May be Able to rehabilitate the National finances and save the value of the franc. He can attempt to prune a govern mental bureaucracy which is strangling the nation. He can move in on the nationalized Indus tries Many of them now unprofitable and living on state subsidies and introduce some measure of Economy and efficiency. But having the Power to do these things and actually doing them Are two very different mat ters. The Assembly has approved the general policy but it will meet with stubborn Public resistance when m. Reynaud applies it. The vested interest in the bureaucracy for example is enor Mous. No government employee however unnecessary he May be i anxious to lose his Job. Few o the managers and workers in the nationalized industries which mus economize if Fiey Are to pay Liei Way Are eager to face the lash o Competition after years of s t a t underwriting. Even More difficult is the task of rationalizing the tax system which bears most heavily on the. Urban Dweller whose position a suffered most during and since Thi War and bears much More lightly on the position relatively Good. The political prob Lerr. Of making the French peasant pay More taxes is hard to exaggerate. In addition m. Reynaud find that the whole tax system is Sho through with evasion so that when he fixes tax rates theoretically sufficient to raise the Money h needs he is not assured by a n j Means of getting it. The French people like Many others an simply demanding More govern ment expenditures than they Ati ready to support. In the end the government mus get the fiscal system into balance and the Public must expect to con sume no More goods than it produces. If this result cannot be secured by m. Reynaud s new Mea sures it will be secured by a fur ther devaluation of the franc. By one method or the other the pub lie. Of France will have to make serious further sacrifices either voluntarily or with Sharp Price in creases which will reduce con sumption. Canada loses a Craft writer the. Death of Frederick Philip 3rove ends the career of a Cana Dian write inv Hose life was col rec by its experiences in Manitoba am the Prairies. He lived this City taught school in Rural Manitoba and knew the West of which he wrote so Well by hard work on Many farms. A lonely Earnest Man he went his own Way. While less gifted writers made a sudden stir with books he would have been ashamed to write he was Content to remain True to his own Reading of life and to report it with a certain Bleak accuracy but Vith overtones of Beauty and deep feeling. F6r his Reward he had the neglect of the Public and the Praise of critics. Or. Grove has written books of essays and an autobiography but his real work is As . His novels belong to the tradition associated with the names of Thomas Hardy and George Giss no. They have nothing in common with the sentimental Canadian Lovel which hides its poverty of bought beneath a mass of con anti anal rhetoric about nature eve making and contemporary problems. His searching and Dis urging mind gives a vitality to his books that enables them to above their occasional Lack of fluency or Grace. He was a Pioneer n this Canadian realism. The enemy of superlatives he would probably be satisfied if he vere held to have broken an Hon est Furrow in which other seed Ings of Canadian Genius one Day vill germinate. The new ambassador or. Laurence a. Steinhardt the Lew United states ambassador to Anaclay comes to this country a wealth of diplomatic experience. Hard earned in such Dif cult posts As Russia Turkey and Czechoslovakia. Or. Steinhardt be Gan his diplomatic career 15 years Igo when he was chosen by pres Dent Roosevelt As ambassador to Sweden. From there he went to from Peru to Russia. The new ambassador represented Lis country at Moscow in the most critical period of the be Ween 1939 and 1941, when com ii Unis and nazism were at peace the relations Between the soviet Union and the Western pow is acutely strained. His next Post was Turkey per aps. The most important Neutral n the critical years Between 1941 and 1945. Earlier this year he need his three year term in Czechoslovakia Canada therefore gets a Man f experience and character who hould As the new York times Aid he should command respect. His appointment will be welcomed n this country where it is to be oped he will feel thoroughly at ome and among friends. Birthdays Alex. Officer Winnipeg born Govan Glasgow Scotland. Aug. 21, 1s77. Mrs. John Bray Oakville Man. Born rotting ton England aug. 21, 1s63. William Jamieson Holmfield Man. Born Barhall Ayrshire Scotland aug. 21. 1s73. A. P. White Winnipeg born Winnipeg aug. 1ss2. Mrs. Anne Bowitz born Norway. Aug. 22, 1s7s. From the Golden books Bacon Solitude but Little do men perceive what Solitude is and How far it extend eth. For a crowd is not. And faces Are but a gallery of pictures and talk but a tinkling cymbal where there is no love. The millennium in t Here yet. Blessed to give than to receive t6uess the russians to school y or King s retirement Causene by e. K. Brown eve ovals Are among the most startling of literary happenings. An author writes his prestige behind the revival. A col Lection of the Best articles written about James was published by books gets them published and Henry Holt and co. With the Sig Dies critics have been estimating if Icahn title the question of them readers have been liking or Henry James his notebooks Cam. Disliking them and before he goes lm.1 ye1r m nor such 6 the american scene his record to the grave there is a prevailing a Aie journey through the uni Ted states were reprinted. His a agreement which of his books Are the Best and How Good t h e Best of them Are. A Quarter Cen Tury passes in which of his books stay in print and Little if heard about the Man and his work he seems to have been securely placed in his particular Niche. At this time in the cases of a few authors something extraordinary begins to happen. The bet Ter magazines begin to carry articles. The fragments left unpublished Are piously and often luxuriously published. Demand for All his books begins to appear. A revival is under Way. And no one quite knows Why. Outstanding revival anxiety in Ottawa Ottawa much doubt Good Deal of anxiety at taches in Liberal party circles to the Date of or. King s retirement he has never indicated when he would make Way for or. St. Lam ent beyond saying that he would Lave to consider the National Anc International factors involved what these factors Are is no Cnown. It is commonly supposed in of Awa that or. King will attend a Commonwealth conference in Lon Don october and that he Wil represent Canada in the autumn to session of the United nations As Wembly in Paris. Or. King has not confirmed this nor his reported plans for a trans Canada tour of Farewell later in the year. If or. King intends either of hese Tours to Europe or through Canada it is evident that he Tot be retiring until the end of he year. The suggestion that he s waiting to accomplish on de Ember 29 next Twenty two full ears of premiership is regarded a absurd. But his reported plans or the autumn would fully of up him until the beginning of he new year disturbing fact it is this fact which proves Dis urging to Many of or. King s friends they fear two results one Radical the other intangible. The practical results of or. Ing s retention of office for the est of 1948 Are obvious. Or. St. Aurent would have to postpone or four months his creation of a new Cabinet the reshuffling of ministries and the appointment of new ministers. His newly former Abinet with some ministers in experienced in their departments and All of them inexperienced As team would have to face immediately a vital session of Par a pre election session which will be full of Politi Al controversy. There is a widespread feeling Ere that or. St. Laurent should of be placed in this embarrassing position by or. King and that he would have every possible Day be Ween now and the session to pre Are for it. V a n other practical objection to or. King s remain no in office until the year s end and going to Europe meanwhile that under this arrangement in. St. Laurent the prime min Ter designate could not repro ent Canada at. The Commonwealth conference or at the United a on Assembly even though he is minister of external affairs. Or. King would attend these conferences and commit Canada to Arious policies but he would have o responsibility for carrying Lerret out. Or. St. Laurent would inherit All or. King s decisions overseas and presumably must Arry out the commitments thus the outstanding revival of i h e past few years is that of Henry James. James died to 1916, at the age of 72. His Vogue had been in recession for a Long Pelham Edgar of the University of Toronto brought out his a e n r y James Man and author in 1926, it was respectfully received b u i aroused no great interest. I used to see copies remaindered at Twenty three cents. Every one seemed to think that the Case of Henry James had been decided that he was an interesting curio Rand that there was not much reason to discuss him at a n y length or to read much of what special correspondence pm is of dramatic criticism were collected. His novels Are flowing Back into print the difficult and never very popular Princess Casamassima for one. Why has this happened Why Are we so much More interested in Henry James than people were in 1915. Or 1926, or 1936? it is True that Many people used to be fright ened off by the difficulty of his elusive and elaborate style a n re Many of the Best authors of re cent years have written in styles which make James s seem simple by comparison. But this cannot account for a revival although it. Helps to explain Why the revival hns spread so far. Main lines of recent fiction Al Are not the lines he followed. Modern fiction is either Toush and lean or else it is stuffed with social documentation and burning with a Zeal for social causes. James s fiction is delicate and rounded and he scarcely fared at. All about any social cause except the unpopular cause of a cultivated elite at a loss in a civilization dominated by business and pressures. What he hns to say to us is believe in the old. Values of Europe cultivate the f i n f r emotions make the Best of your individual self. This is not a Sugges Tion that Many people i Are for Don anal Paris and thus publicly indicate that the actual leadership in Canadian affairs has passed in All but name to his successor. But this arrangement would mean that a new Liberal Leader with All the problems of Public business cab inet re organization and party affairs before Tim would have to leave the country for a Good Many weeks and postpone All his plans just when the country expects him to take Over the leadership of the government. A practical objections to a or. King s remaining in of fice More a few weeks Are regarded among most liberals As Strong enough taut the intangible factors it is Feit Are stronger. These particularly impress Liberal politicians who will seek to secure re election at the next a seem to be bound by or. Wrote. In 1934 the Best the Nineteen Fortis. Convenience or perhaps As is in America. Hound Only said by a Promise to wait until or. King is ready to alias Long devoted an entire Issue to his work but this aroused Little will venture one reason for the revival. James knew How to write. Very few authors do. In the on or. King s actual plans of the Issue Are now any one who does will have friends disagree some saying but for some audience and that audience intends to see the year out could be picked up not be Small. In the end. No that he would not wish to of the James novels were will help an author More or. St. Laurent s position on print in the United this. He is one of the great eve of his premiership. But on artists in words that the eng fact the liberals seem to agree a language has known and a namely that by remaining in the last War part of the pleasure his books fice after he has said to happen. The top give depends although we May and is no longer a party magazines began to know it upon the skill with or. King will diminish Day by Case of Henry James. At he manages i instr his own stature in the Public collections of his Best some of his effects Are Odd Gard and thus write a lame novelette came out during Many Are Over mannered hut Happy postscript to the Story of after the War. Or. His blunders Are those of a great threw great at the . A matter of tonal election under St. Laur ent s leadership. They had hoped and expected that or. St. Laurent s Early Eleva Tion to the prime minister s Post would revitalize the party and the government. They were confident that air. St. Laurent s character and special talents would capture the imagination of the Canadian people if they were Given tin Chance. If or. King hangs on they will lot have this Chance for some time and by then it is feared the psychological moment prepared by the party convention will be Ost. It will Laurent not be helpful to or. St. In the country it is be sieved if he compelled to sit months in or. King s Cabinet without final authority. This might veil dim the remarkable imprint which or. St. Laurent made on he Canadian people at the con mention. However or. St. Laurent would Arab refugees the Spectator London it is Clear that there can be no Hort term or Long term settlement n Palestine As Long As up to half a million Palestine arabs remain refugees from their Homes. Zion sni As a movement commanding humanitarian support and the jew so state is an entity demanding International recognition May Well land or fall by the Way in which his problem is tackled. The pres ent attitude of the israeli author ties seems to be Short sighted and cynical. They appear to be chiefly set on divesting themselves rom responsibility and it is unfortunate that Many of their arguments Are tinged with the Doc Rines of expediency and exclusive Ness which in were re possible for the plight of the fews themselves it May be True hat the Arab states Are slow and though he is not primarily m dealing with the for them. It is generally thought Here that he Canadian people and the Libra party which chose him As eader would prefer to have or. St. Laurent assume fully now the direction of Canadian foreign pol icy As prime minister especially As he is equipped for it by his experience As minister of affairs. Alternatively it has been suggested that or. King might take or. Sift Lauren to with him to Lon fugues in their though this is far from the whole but it is. Not surprising that they should see Only one solution to the prob Lem the return of the refugees to their National Home which even zionists cannot deny is Palestine. The . Friday dealt with its fellow travellers. It was a comparatively simple operation More embarrassing than painful arid it was All Over in 65 minutes with or. wiping the Scal Pel clean and his assistant surgeons or. M. To. Coldwell and prof. Frank Scott breathing easier. As of not necessarily for Canadian socialist movement is cleared of the unfortunate Bobble in its digestion caused by the activities Berry Richards member of of or. The Manitoba legislature and chief but. Driver for the travellers. Or. Knowles member of Parlia ment for Winnipeg North Centre and chairman of Hie party s tenth biennial conference was at pains to Tell the press the Good news. If anything he Over emphasised it. Certainly defeat of the anti . Group in the . Was Complete and decisive but not As decisive As he would have it. The . Should get High Marks for its courage and its handling o f a Tricky political problem. The fact remains however that there was no sign that those who spoke so ardently against . Had Sud Denly been convinced of the error of their ways. Better to describe their final performance As discretion rather than conversion. They 11 undoubtedly be heard from again. Not All the travellers who Rode Friday s Pius were on it by design. Some it was obvious were aboard out of a mistaken conviction that when the alternative is capitalism uncontrolled and ram Pant As they would else the else is what they want. Or. David Lewis professor Scott and or. Coldwell All spoke on the motion to give the party s official Blessing to the United states Aid programme. For or. Coldwell this a rare occasion since he does not often interfere in convention debates but the Issue was import ant As he said and he spoke his Brief five minute speech with vigor and anger. Ducted behind an Iron curtain n quite natural performance since intimate matters were before the delegates such As org ionization and finance. Such questions Are viewed better with a Clear cold Eye in the peace secret session especially when they involve such unfortunate and recent events As que Bec and Albert n. R he evening was devoted to the party s parly anal a first class example of or. Tommy ins Superb platform performance. Or. Douglas is the . S Best asset especially when listened to Only. He is not so effective when followed with a written he denounced the which has infiltrated into the voice and top notch manner. Then ." and pointed out that in tvs months ago the european social a tarnish. Signs of its had again supported . As the Only Hope for the reconstruction of Europe. Previous to the Conven Tion discussed the United nations a matter on which there was pretty general agreement and no real argument. Agriculture due to pres sure of time also received Only a Brief airing sufficient to show that the party is not going to nationalize the Farmer s land this apparently being one form of free Enterprise which 3s both efficient and Noi capitalist. It also votes in Large numbers. The afternoon session was con new freight rates increase t he announcement that the railways will impose a new 15 per cent increase in Compeli Tive freight rates seems to have led to some in some re ports it has been stated that this increase is in addition to the 21 per cent increase already in effect As a result of the recent judg ment of the Board of transport. Other reports have claimed that the new increase is within the 21 per cent increase. The explanation of these apparently contradictory statements can be by commodity in reference which the to a Normal or regular rate in 1947 was per ton for a haul of a Given dist Ance. If at some time in the past the railways had introduced a competitive rate of s12 per ton to meet the threat of truck Competition for example in a Given area then the various As follows rates would be for example in a to Lenry to Pluck Flowers in the Garden of statistics choosing Only those which Sui this purpose and ignoring others just As interest ing. He is also inclined to make the Stdio ment fanciful but his jokes Are Good and perhaps he should allowed some poetic licence. How Ever if or. Douglas really believes that the Canadian people Are not belter off today than they were before the is the impression he strove to is a sorry Case indeed. Less flashy today s scripture blessed Are the pure in heart for they shall see god. 5 8. Normal or regular competitive rate rate. Prior to april s s20.00 after the 21 per cent increase 514.52 after the 15 per cent increase competitive rates. S24.20 s16.70 percentage increase since april s 21 per cent. 39 per cent. The latest increase in competitive rates is therefore within the 21 pet1 cent increase in the sense that the competitive rate is at a level lower than the Normal or regular rate. But any person ship Ping on the competitive rate will that his freight Cost is up by 39 per cent. In other words he or. Cojdwr-11, though less flashy makes the kind of speech which stands up to examination better than that of his colleague. His speech Friday was a straight political oration to the party faithful but it was also a Well knit piece of work which hit harder and More effectively. At the conclusion of his address he returned to . And the Day ended As it Hart be Jun on this vital question of Aid to Europe. Or. Coldwell summed it up nicely i regard it As a matter of fundamental Prin j Ciple in International j saturday inv convention ends and by Nightfall the party will have a platform for that great Day which As delegates were i often informed is if not so just around the Corner at least around the Corner beyond the Corner. Be tween it and office we gathered has had an increase of 15 per cent Island Only the Canadian voter. In addition to the 21 per cent. ;