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This newspaper page contains 12 articles. Subscribers can read the full text of each article.
Newspaper
Cranbrook Herald
Location
Cranbrook, British Columbia, Canada
Date
Nov 13, 1919
Page
2
The Board of Trade promotes publicity to draw summer visitors to the region and suggests forming committees on mining stock raising and sheep farming to showcase local resources. The Herald urges active data gathering to lure capital and residents, noting prairie residents may look further west and some may come from the south.
Canadians urged to buy Victory Loan 1919 to avoid costly overseas borrowing. Advocates say funding through domestic bonds preserves national prosperity, maintains export orders, and supports demobilization and peace pledges. Emphasis on avoiding 8 percent US rates and foreign profit, keeping investments local.
Victoria taxpayers are reminded of the fifteen percent penalty under the above caption. The notice emphasizes compliance with tax rules and outlines the due dates and penalties for late payment, urging prompt action to avoid additional charges.
Taxpayers in Victoria face a 15 percent penalty if not paid by November 29, then 16 percent interest accrues on delinquent sums. Critics call the penalty an enormity, arguing it worsens hardship for already burdened property owners and threatens municipal finances.
Canada enjoys the highest rating on the New York money market among foreign nations which helps obtain funds on favorable terms. Prosperity stems from increased production and surplus sales in Great Britain and Europe, financed by Victory Loan credits. A weak public response to Bond sales could hurt prosperity, credit, and employment.
A London Chronicle editorial argues against exporting wealth via annual interest payments and suggests Canadians should lend to themselves and trade with Germany. It notes Rylands Library Manchester sent a gift of books after Louvain’s destruction and praises British institutions for rebuilding, while Peace Commissioners seek full German reparations.
Contemporary editorial urges an end to threats and strikes to keep the nation’s machinery from grinding to a halt. It argues all sections gain nothing from the strike weapon and calls for renewed cooperation as Europe moves from war to peace.
Ten years ago a Baker hill sidewalk would aid many. James Green visited Moyie for contracted work. Joe Mitchell returns from England and may not come alone. io Brown’s colt caused a fuss in town. Hugh Sullivan passed Cranbrook en route to West Kootenay. A school move to a new building boosts comfort. Cranbrook citizens meet next Monday at IOOF hall to reorganize the Board of Trade and plan fire protection.
The Victory Loan aims for overwhelming success as savings bank deposits reach 1,227,000,000 dollars. With deposits and banker cooperation, Victory Loan workers have solid material to proceed. Official Canadian chartered banks statement from Ottawa notes another strong increase in savings.
Frank Brown, an American colored man, was arrested by the police chief last week and sent to Nelson to serve three terms of six months each by Magistrate John Leask. Brown was taken to Nelson by Night Patrolman John John. He was charged with obtaining money under false pretenses.
If subscribers do not receive the Herald regularly they should notify the office, and complaints will receive prompt attention.
Savings in Canada rise with deposits near 30 million above August and 189 million above September 1918, reflecting thrift amid the Loan campaign. The savings per person exceeds 150 dollars, totaling over 750 per family, signaling strong household economy and prosperity indicators for the Victory Loan 1919 effort. Victory Loan headquarters will be rebranded as Victory Loan with a new phone designation.
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