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Lethbridge Herald Newspaper Archives

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Lethbridge Daily Herald, The (Newspaper) - August 10, 1918, Lethbridge, Alberta FOUR THE LETHBRmCE DAIW MOULD SATURDAV, AUOUST 10 1918'; fteralb Hlbevta DAILY AND WCIKLY and Publlrten. THI LETHBRIDGE HERALD.MINT INQ COMPANY, LIMITIP rh South, W. A. Buchanan PreoUaot and Manning Director feka J Buitmii (seen that we are paying dearly for I U.S. good.s.which wo are now using. The following illuminative article recently written by the Sterling Bank of Canada sets forth the reasons for the adverse exchange rate eilstlng to- day: "A rate ot exchange of over per cent, on remittance of funds lojh Tli-C.PHONM Builnew tutorial tubtcrlptlon Datlr, week Ditly. delivered, year Dally, by mall, par year till 1114 lr. by mill, to ot of lutucrlptiont tear dally on addrwl lac. of paper. lite, .iplraiim aat. U our authority to continue criptloa THE PROGRESS OF THE WAR. Fighting back along the old Somme front which bas been the scene of so many backward and forward'move- UnTled" States has developed of recent Tho American holder of Canadian funds has been chagrined to find that they are subject to a very considerable shrinkage, while the Canadian importer has resented the 2 cer cent premium on bis purchises m the United States which he must pay in addition to the cost price 'and duty. In many cases there has been a ten- dency to blame banks and-banklng for the situation, because customers have not taken the trouble to look beyond the banks lo the international trade developments which are at the root o the high .exchange rate. "In order to arrive at a clear under standing of these developments, 11 I necessary to bear in mind'the tunda mental truth that eichange Is some thing which must be bought before i be sold and that United State luuus are just as much an article o commerce as-United Slates oranges. "The Canadian banks do not creat these funds; thev buy them. Accord Ing as the supply is plentiful or scarce they pay a low or a'high price. When they coine to dispose of Ibis exchange they do so at the' quotation ot that particular day, which may be slightly PASSING fOR THB BUSY ments in Iba past three the British, and Erench forces.are today of the territory which they gave.up.in the great re- treat'Of bsttlo which was bpena'i by the allies pn'Tnursday has now extended from Arras to DI- dier, and the capture of the latter place-occurred "this The ad- vance has taken the French and Can- adian troops "to Chaulnes, and almost within striking distance'of Perpnne. The British are advancing along the line, towards Bapaume and Cambral, the'old'llne which furnished so many bitter struggles in 1916 and 1917. .The total of prisoners captured now Is and the' greatest advance in tho two days of fighting is 13 miles. SUCCESS OF CHAUTAUQUA ALREADY is evident that uallluulal UB.., lower or slightly higher than me price at which they bought. In other -words the banks stand to lose a's well as to gain as the.price .fluctuates. But In any, the major pirt of the pre- mium which the consumer pays, goes, not to the bank, but merely through the bank, to Unoriginal holder of the exchange. "The law of supply and demand, which governs the price of all commo- dities, applies equally to exchange. When the demand In Canada for Uni- ted Slates funds is greater than tho supply the premium .which must be paid for these funds, increases as naturally price of a bag of po- tatoes .dnrrasrs potalo famine. The bank which requires snch funds has to-buy them where It can set them and It has to pay an Increased price as the'scarcity ot that particular line will warrant In order, therefore, to answer the question: "Why Is, ex change-high. It is necessary to ascer tain why United States funds are at present "scarce. And the answer ,1s: United Slates, funds are Percy Hewitt, a well known Brigh- on iuan, 25 years oM, was drowned near PresQU1 Isle Point, Oat. Two Kngslon girls, Miss Eva Coon and Miss -Freda Burns, are now _in taly doing work. independent Oddfellows to the num- ber of are In Ihe Canadian Bil- iary service. Because- Paul George. Windsor cafe proprietor .sold 10 cents' worth ot ice cream on Suniioy he was fined Capt. Thomas Tozer.'of tho London, Ont, flro refuses tp re- sign, so the City Council, has given him a month's A legal action may follow. Twd of the largest buildings ot tho Prove Woollen JlillsrnrProvo, Utah, engaged .on government contracts, were destroyed by Ore.. The loss is es- timated at Chicago.women are to. have '.three jails for their exclusive use. which will be run entirely by women. Even the patrol wagons will be operated by] women., _x Donald Johnsoiv Dominion Fruit Commissioner, died at Forest, Oat., aged forty.two years. Thonm Me'ehan, of Brockville, was found dead, having failed to turn off a gas JoL Twenty cents a ton will be added to tho cost o! bringing coal to Toron- to under tho new freight rales. Teaching ot the German language In anyvot the public, private, elemen- h'lgli, schools' of Washington Is prohibited. -V hundred 'thousand French war widows, represented by members 'of tho'old French nobility, addressed the Pope, asking his help and a beaedlc- tton ifi behalf ot their fatherless child- "ren. Among the leaders who came here were-the Duchess ot Derohadr the.Princess cjf-Clcrmont and Tonne- ferre. the Princess De Poplchae and the Princess Jlurat. mlti ot General Von Dee Marwitz and Von Hutler under one. chhf. This op- eration has temporarily thrown, tho Germans off thelr'baMnce (nil it lUelr object now Is to regatii it, ko task ot the Is to throw tlill fur- ther off their balance.. That there niust'be a In the Qernan positions generally between the Somme afld the Olso Is Evident It the German second army au( part ot the eighteenth army- are biaten. -A great part of the position i of eighteenth'army, which is commanded by Von Hutier, every moment be- comes more deployed from Mont Dldler lo the'OIse. The country benlud It !s-hllly ed lacking in roads and altogether unfavorable for- tho withdrawal ot masses ot inon'and material. retreat: You Hutler -would be obliged to use.three, high roads and tiro railroads which converge on Ttoye like the spokes of a.wheel. Beyond that? town a retreat would be dependent on two towardj llatu and Ihe Somuie. One direct and1 Ihe other by way of Neslo, From these geographical details It- will be-se'eu that-Von Uutler ;ln re-, treat would be forwd'to' squeeze his: heavy arlillery and convoya through Roye. If would bo like Bulling them' through a rolling mlll'.Jor the French advanced Iroops are nov six mites northwest of the center- of Iho German tront Is ll'mlles to tho south of that town. TreadF Red will once :again lend' splendid patronage A party of 12o experienced .lumber- men have left St. Johni "N.B, for' 'British Columbia, to get. out, spruce for airplanes for the-.Imperial ttons board. H. aged ;Baymond aged 14, and Wm. Graham aged 27, farm laborers, were drowned n thT; cisht north 'of. Can-1 anoque.' Approximately worth of dried and canned California fruit and vegetables have been purchased dur- ing the last three by -the: US. government Lieut. Eckford Gow_ second..sori ot J. B. Gow, Inspector of Inland Re venue of Kingston -Is reported-miss lug, and it is feared he has.been kill- ed. Ho went overseas' two years'ago. It was announced In the house e, commons that the government'is con- FROM FROST therefore, at a premium, because Can- adians have to remit to the United asns av Stales more than they .receive from to the Chautauana year's when the Chaltaug.ua was introduced turn, to .the ezce to were very sue- ceesful, 'it-was not known whether thesnccessVjasdueinwlioleorin part to the-novelly o! the' Chaotauiiaa scheme4'But 'this Year wul rteil whether the Chinlanqne is to becomo a 'permanent .feature: in tho life of western Canadians" The' novelty has worn off now, and_the attendance will be. decided the the programs and the manner in they grip the audiences i It i5 'therefore pleasing that Letli- bridge's remembrance ot last year's programs la such as to canso a sail- out of the seats before the Chaulau-, qua starts That indicates that the. Chautauqua_is here to stay. H Is a splendid form'of education .and en- tertainment, and the fs'ct tbat the larger centres attend in Urge crowds means thll the Chaulauoua is made possible In the smaller centres. CANADIANS 'AGAIN IN THICK OT IT. sldering the question "of giving; the Irish an opportunity -of 'volunteering for service wllh; Canadian'forces. waro is line, iu ium, gooas coming, northward for which I they are the payment; in oiher words, J o( 5tormi it is due to tho amount hy which Can- ada's imports from the republic et: ceed'her exports to the republic. The unfavorable balance ot. trade is the greatest facfor in the scarcity of Uni- ted; high rate of eichange. _ "The sequence of events might be outlined, as Canada, in her trade with he_r neighbor, buys more than she hence owes is owed her. U naturally follows that American dollars (whether in drafts or currency, or-any other form of ex- ch'ange) ire scarce In Canada and sell alia premium, while, on the other hand; there is' a sorplus of.Canadian 'unds'in New'York, and "the Canadian In value there as a con- It may be objected that: this' un- favorable trade balance Is a matter of long standing, while an eichange rate, ot-2 per cent, la'sometbing.unnsual in the hlslpry.ll.ot.jhe'; two' countries. Though are both trne t U also a fact lhal the unfavorable ra'de balance bas never been so great as.during the past year, during which Frank Nelson, of Qrillia; On.l, killed by he stood at an open window la his summer cottage at 'j Bass Lake, having jusCjone, in out STILL1 ADVANCING. London, Aug. received in London shortly before one 6'clock this afternoon vuai to.' the effect that the French line ctjll advancing on both sides of Mont Didie'r. By nine o'clock this morning Mont Didier'tiad been surrounded.' Only a small number of'Germans with machine guns was then in- side ths town.: CAPTURE FISMETTE. Paris, Aug. trcops, have captured.the village of FIs-. mette, on the- north bank of the Veslc river, a short distance north west of pismes. With the village they took 160 prisoners. Continue.in Ascendancy. Parts, Aug. troops continue in the ascendancy, according to the latest reports from the righting PIc- ardy. i The line as marked in the offi- cial statement.Is that held solely by Infantry, cavalry skirmishers being well in advance of It and i preparing the way for further pro- gress. The Germans are relying on.ma- chine guns to sl2m the tide, not wishing'to risk their ar- .Where Beauty Is More Than Skin Deep XTC7E never saw a motorist who wouldn't admit Blafck Tread and Red. Sides combination in Diamond Tires 'makes the handsomest tire equipment he ever saw But we're here to tell you that you can't' site, the reed beauty about Diamonds, their husky strength and long mileage. You 'read about it on your speedometer after thousands of miles. Take ouf Try one Diamond! 'It'll': cost you less than the average tire, before long, you'Ujwant Diamonds Diamond Tubes don't deteriorate while you carry them as extras. They hold their life for If i Baalim Motor Company Lethbridge, Alberta, Can. _ months of comparative quiet, the Canadian forces in France are again In the thick of the fighting. Kot'slhco' Passchendaele 'have': they taken part in. a really big movement :oa the western front Now, however 'cables tell ui that they In if a large part In the surprise ad is developing spleh didly la Irpnl of Amiens. Reports from told the'Canadians were being tield Airdurjng tie spring when the' Germans''were smash the "British -were held oat of the-, fray. understood that they were to be held until tho Initiative passed info'Uie hands of the Allies when they would he thrown in at a particularly opportune llmo, for Ihe (lermans have more than once admitted that the Canadians as storm troops are equal lo the best on the -west front The opportune has corae, and It will thrill Canadians al home to Know that the boys at lie.front havo been able to do what have been held specially In readl- 'Jess to do. Tho Canadians are In the thick .01 It now and they will be In ft when, the list shot. Is .fired. a number of other faclors have also .ended lo aggravate the situation. One iftthRse baa .been.the ban upon.the. sale In New York ot Canadian securi- ties! another-has been the cessation, by: government order, ot gold 'ship- ments which to ad- Just the balance; a third has been Ihe absence ot British moneys, which In Bow Into Canada In exchange for' Canadian commodities and are utilized .to, meet Canadian ob "in' tho Uoifcd" at'ates. "AH these-forces-acling together have contributed, to Ihe, present sltua tlon, tut at the bottom ot.lt all Is the fact'that Canada, buys from the Uni ted Stales much'more than aho sells.' C. H. engineer-al'yic-l has tendered his resignation' to the city to Toronto to take up engneeringTvith a private corporation there..He was formerly city engineer at-Toronto. Children not or parents under the age-of. 15 years will not be admitted'.to.'St... Thomas theatres. Children must-sit .with those they accompany.'This Is' the'law of Ontario and Gen. Garnet new.- appoint- ment is to direct a British .cellulose company, which has in the Midlands, making substances in.airplane wings. This-company has been largely Guanced by treasury. j Alexander Apple, 10, and -Weldon Ashe, 9, were killed at Ottawa, when they were run down- fractured .skulls under an automobile driven b> Edward J. Whidet. Whlftet was held In reporting the accident to tho The city ot Toronto lost In taxes when the Court of" dian exemn-' ion irbm taxation bn-the ground thai they were engaged.exclusvely'dn gov- ernment work. The Oxford ile- :lded that the grant of 'to the himsllf with desp------ age wherever the.po ition afford meahs arid! office re (looting .down signs of COUNTER ATTACKS REPULSED, .London, Aug.' Ur attacks in the Mertamiourt SDCtor-which followed .the. Allied success were beaten off. In inten- sive fighting. MORE CAPTURES.' be- gan a movement. southeast ct, Mont Oidier last night and virtual- ly have that place surrounded, ac- cording to the official statement of the War Office The town of Assanlvillers and Rubscourt were captured and the Fr'ench reached' Favorelles, than miles east of Mont Did- ier. Northwest of Mont Dldler the French have advanced east of Ar. villers, six miles northeast of Roye and have captured'Davenes- court, two miles east of pont. t The New Line. London, Aug. Iho front as a 11- .whole the line, according to latest nd Yuung Jlen's CiirisE vices, now- runs through Dernancpurt, on the Ancrc south Tallies TVood, two miles .east of Mor- Chipilly, on the Somme, about 2 1-2 miles southeast ot Morlan- court; Proyaft, three miles southeast of Chipilly; Lihoos, two miles west al Chaulnes; Jleharlcourl, two and a overseas bo paid miles southwest'of Llho'ns; liouv- couceriiiiig-the -VrOrkjngs oftioy, two miles southwest1 of Mptinri- the ____ isfactoi-y. overse'as'riatUprovod sat- v con. sul Poolo.at has informed tho state departmenllhat LenWe, tho liol- ahcvUtl recently decltred be MOUNTS AGAINST US, WHY? "some TfMkS wlien'exchange be- tween and the wid two per cent against as, the Do- minion government toalt steps to cut down Importations from that country, This week to 2.55 cent, against us, Indicating that Vo not yet curtailed sufflcienUy car purchases from (fiat connby. Con- sidering Ibo fact thai are already 1 piylan A Special laj'on Imports from tta T'ulleii Stales and also that more thin 1% per tif (rinifCT'rnoaoy to Wlajicc tho can be tenle In rsponso to questions', frotti the'el- le'd.-consuls, jot foreign affalra, .tald-tbo pre.mlcr's sfate.riienl be oonsWered a declaration war? btit it ralhcrr.was a declaration of a stale ot defense on fho part of the Roasian government similar to the situation that exisled at one' tlmo .with' Germany. FARMERS OF QUEBEC TO 'HAVE ORGANIZATION Montreal, Aug. Stimulated by recent farmers ot the pro- vince of Quebec will henceforth'Com- bino their efforts by eslabllshlng an association that will bo similar In its aim and strength Jo the United Farm- ers' of and Iho Grain (Srowcra of the west, This was Oie oulcorao o tho first day.pt the Mngreas of tho farmers of the province which open cd Hyaclnlhe -In tho course.of the evening session, a com ''The pub- lishers announce IB week- ly journal of made its .botv last tho editorship''of Lindsay" for- merly of the editorial staff of- The Globe. Mark Tildes', 'of" Fallen, Ne- vada, vridow of' Sheriff' Wiltles, who was shot and killed Walters, an alleged araft has tiled no- for tHe office her" bus band-holti' in-opposition-to George A Cole, appointed to tho vacancy. Registered married men withou children who havo secured- dcferrei classifications will be. out o class 2 and placed in cla.ss 1 it othc support ii available for' their Vlvcs according lo Instructions' received b> Sppkane boards. The now rulirtg !pro vldes thai" It Iho removal of. Ihe re gislrant will ,not deprive .'the. wife o reasoSaWe'.and'adcqiulo, fupport, lak Ing Into conslderadpn'-pfoncrly -in comes and''government allotment'an allowance, he shall be placed in clas i. Tonnage and mileage 'slallalics the" Canadian railways which rccen PRESBYTERIAN e anaan ly have been compiled, sh'ovv that tl Grand Trunk Ball'wiV Company ea ried during the tons of freighlk and the C. P. li. 585. The 0. T.Tl.. oSTiig'tA the cl cumstancus that Ifs lines are confined to eastern territory, carried each Ion of freight handled an average of 180 miles as against a 470-rnile average on tho (5, V. It. For the Baihe, reanon Iho number of Ions hsndled-a mile by Ihe Eouchoir, two and a Jialt miles outhwest ot Boussicourl, bout four miles north of Mont Dldler nd Gratibus, about two anG a hall niles slighlly to Iho 'northwest of lont Didier, on Ihe Ayre.. Orallbus was sllll in Gnrman hands at tho last dvicca. Chaulnes Untenable. Ixjnclon, Aug. new attack y the French has extended tho battlo inc about sixteen miles further to the outhcast In the Mont Didier area. In bis movement tho Trench scored an advance of four miles In six hourl To the north Iho Important junction of Chaulnes is now