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Lethbridge Herald Newspaper Archives

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Lethbridge Herald (Newspaper) - August 10, 1918, Lethbridge, Alberta JPAOB FOUR THE LETHBRIDGE DA1I>T IBRIIAI.D SATURDAY. AUGUST 10 1918' DAILY ANO WBCKLY Prearletor* and Publl�h*r� fHB LETHBRIDGE HERALD. PRINT' INQ C'OMPANY, LIMITED SI (th Straat South, Lethbrldg* W. A. Buohamn ; Preildsnt and ManDSint Dlreotor Vohn Torranca  - Buslntia Manacar TSLRPHONKt OHlee .............. 1W� Omoa .............^ M�* Builness Sditorkl Subscription RatMi DMIr, flellTered, per week ,,. DallT. dellrered, per year ... Dally, by mail, par year .... Weekly, by mall, per year ... Weekly, by mall, per year to II.8..$�.0� Datea ot expiry ot lubicrlptioc* ap' year dally on addreis label. Aooept-anoc ot pnpera tJtto. eiplratiiB date tf our authority to continue the lub-Bcrlptloa. �'� ... THE PROGRESS OF THE WAR. Fighting back along tho old Sommo front uhich has been the scene ot 80 many backward and forward raove-menta in tho past tliree years, tho British and Erench forces are today �winning back much of the territory which they gave up in tho great ro-treat'of 1917-lS. The battle -n-hich was openad by the allies on Thursday has now extended from Arras to Mont Dirtier, and the capture ot the latter plaoo occurred this morning. The advance has taken the French and Canadian troops to Chaulnes, and almost within striking distance o� Paronne. The British are advancing along the line towards Bapaume and Cambrai, the old line which furnished so many bitter struggles in 1916 and 1917. The total of prisoners captured now is 24,000, and the greatest advance In tho two days of fighting is 13 miles. scon that we are paying dearly for U.S. goods which wo nrd now nulnp. Tho following lllumlnatlvp article recently writton by the Sterling Hank or Canada sets forth the rOasone for the adverse oxchnngo rate existing today: "A rate of exchange of over 2 per cent, on remittance of funds to the United States has developed of recent months. Tho American holder of Cinndian funds lins been chiigriiicd to find that they are subject to a very considomblo ."ihrinkaBe, while the Caiiadi.in Importer h.ns resented the 2 per cent, premium on his purchases in. the United States which ho must pay In addition to tlio cost price and duty. In many oases there has been a tendency to blame banks nndbanking for tho situation, because customer.'" have not taken the trouble to look beyond the banks to the interiiationial trade developments which are at tho root of tho high exchange rate, "In order to arrive .it a clear under standing of these developments, it is necessary to bear in mind the funda-menial truth that exchange is something which must bo bought before it can be sold and that United States funds are just as much an article of commerce as United States oranges. "The Canadian banks do not create these funds; they buy them. According ns the supply is plentiful or scarce they pay a low or a hi.gh price. When they come to dispose of tliis exchange they do so at the uuotation of that particular day, which may be sliglitly lower or slightly higher than the price at whicli they bought. In other words the banks stand to lose as well as to gain as the price .fluctuates. But In any event, the major part ot tho premium which tho consumer pays. goes, not to the bank, but merely through the bank, to the original holder ot the exchange. "The law ot supply and demand. I which governs the price ot all commodities, applie.=! equally to exchange. When the demand in Canada for United States funds Is greater than tho supply, the premium which must be paid for these funds, increases as naturally as the price of a bag of potatoes during a potato famine. The bank which renulres such funds has to buy them where it can get them and it has to pay an increased price as the scarcity of that particular line will warrant. In order, therefore, to answer the question: "Why is exchange high, it is necessary to ascertain why United States funds are at present scarce. And tho answer is: United States funds are scarce iind, therefore, at a premium, because Canadians have to remit to the United -^PICKED [/P m-* JPASSIJVG ^^^^ II � '....... *  1^ Percy Hewitt, a well known Brlgh-1 Donald Johnson, SUCCESS OF CHAUTAUQUA ALREADY ASSURED. It is evident that Lethbridge will _ _^ once again letid' splendid patronage ' sta\e3 more than they receive from to the Chautauqua. Last year's effort,. the United States, when the Chautauqua was introduced' "This excess ot remittances south to western audiences, were very suc- cessful. It' was not known whether the succe8B\was due In whole or in part ward is due, in turn, to,tho excess of goods coming northward for which they are the payment; in other words, it is due to the ainount by which Can to the-novelty ot the Chautauqua! ada's imports from the republic ex- ' ceed her exports to the republic, Tho scheme. But this year -will tell whether the Chautauqua is to become a permanent feature in the life of western Canadians. The novelty has worn oft now, and^ the attendance will he decided by the excellence ot the programs and the manner in which they grip the audiences. It 4s therefore pleasing that. L�5th-hi'idge's remembrance ot last year's programs is such as to cause a sell-oiit of the seats before the Chautauqua starts. That indicates that the Chautauqua is here to stay. It Is a splendid form ot education and entertainment, and the tdct that the la7;ger tientres. attend In large crowds means that the Chautauqua is made possible In the smaller centres, CANADIANS AGAIN IN THICK or IT. After,jnany months of ^.comparative quiet, tie Canadian forces In France aro again in the thick ot the fighting. Not since Passchendaele have they ' taken part In.a really big movement on the western front. Now, however, th� cables- tell nft that they are playing a largo part la the surprise advance -which is developing so splendidly in front of Amiens. ,Rei>ort8 frmn the front some weeks agojtold us^hat the Canadians -were being lield ^s storm.troopa. All during - the aprlng when tlie Germans were tnafclnjr their desperate efforts to smash . the British and French, the Canadians -were held out of tha^ fray. It was generally understood that they were to be held until the initiative passed into the hands ot the Allies when they �would be thrown in at a lijartloularly opportune time, for the Qermans themselves have more than once admitted that the Canadians as 6^orm troops are equal to the best an the west front. The opportune time has oome, und It will thrill Canadians at home to Icnow that the hoys at the front have been able to do what they havebeen held specially in readiness to do. The Canadians are in the thick ot it now and they will be in 1*1 when the l^st shot is .fired. unfavorable balance of trade is tho greatest factor in the scarcity of United States'funds and the'consequent high rate ot exchange. "The sequence of events might be outlined as follows: Canada, in her trade with her neighbor, buys more than she sells; hence owes more than is owed her. It naturally follows that American dollars (whether in drafts or currency, or any other form ot exchange) are scarce In Canada and sell at- a premium, while, on the other hand, there is a surplus o� Canadian funds in New York.and the Canadian dollar.shrinks in value there as a consequence. "It may be objected that this unfavorable trade balance is a matter of long standing, while an exchange rate of..2 per cent, is something unusual in the history^ _of the two countries. Though these statements are both true it is also a fact that the unfavorable trade balance has never been so great as, during the past year, during which a number ot other factors have also tended to aggravate the situation. One ot. these has been the ban uiwu the sale in New York ot Canadian securities! another, has been the cessation, by government order, of gold shipments which felght'have helped to adjust the balance; a third has been the absence df British moneys, which in ordinary times, flow into Canada In exchange for Canadian commodities and are utilized to meet Caneidian obligations in the United States. "All these forces acting together have contributed to the present situation, but at the bottom of, it ail is the fact that Canada buys from the United States much more than sho sells. EXCHANGE MOUNTS AGAINST US, WHY? Some wedks ago -when'exchange between Canada and the United States wafl two per cent, against us, the Dominion government took steps to cut down Importations from that country. This week exchange climbed to 2.55 per cent, against us, indicating that wo have not yet curtailed siifticlently our purchases from that poiintry. Considering the fact that wo are already paying i^.special war tax on Imports fi^om the IJuited States and also that are now paying more than 2% per cent, to transfer money to balance tho adverse trade agalfist us, it can be Washington,' 'kvtg. 5.-(AJtnerican con. sul Poole.at Mofico\Y has Informed tho state department, that Lenine, the Bol-shevlkl premier,^ reoently declared before a gatheringof Soviets ia Moscow that a state pf war existed between thovRusslan .government and' the' entente allifes. '~ �  ' In rsponso to questions from the allied consuls, 'rchilbherin, commissary jOt foreign affairs, said-the preimier's Btatemeht need "not be* considered a declaration of. war but It rather -was a declaration of a state ot defense on tho part ot the Russian government similar to the situation that existed at one time with Germany, ton man, 25 years old. was drowned near Presqu' Isle Point, Out. Two Kngston girls, JIlss F.vn Coon and Miss ,Freda Burns, are now ^in Italy doing \.A.D. work. Independent Oddfellows to tho number ot 1,321, are in tho Canadian military service. Because- Paul George, Windsor cafe proprietor sold 10 cents" worth of Ico cream on Sunday ho was lined 510. Capt. Thomas Tozor, of tho London, Ont., fire department, refuses tp re-sIru, so the City Council has given hira a month's notice. A legal action may follow. Two of the largest buildings of tho Provo Woollen Mills,^nt Provo, Utah, engaged on government contracts, were destroyed by lire.. The loss is estimated at 5500,000. i Chicago women are to have three jails for their exclusive use, which will be run entirely by women. Evou tho patrol wagons will bo operated by women, A party of 125 oxpcriencod lumbermen have left St. John. N.B., for British Columbia, to get out spruce for airplanes for the Imperial munitions board. H. Day, aged 27 years, Raymond Pritchard, aged 14, and Wm. Graham aged 27. farm laborers, were drowned in th? river eight miles north of Gan-anoque. Approximately 523,000,000 worth of dried and canned California fruit and vegetables have been purchased during the last three weeks by the U.S. government. Lieut. Ecktord Cow. second son of J. E. Gow, Inspector of Inl.ind Revenue o� Kiugstou, is reported -missing, and it is feared he has been killed. He went overseas two years ago. It was announced in the house of commons that the government is considering the question of giving the Irish an opportunity of volunteering for service with Canadian forces. Frank Nelson, of OriUia, Ont., was killed by lightning as he stood at an open window in ills summer cottage at Bass Lake, having just gone, in out ot the storm. C. H. Rust, city engineer at Vic-torhi, ha.s tendered his resignation to the city council, intendng to return to Toronto to take up engneering with a private corporation there. He was formerly city engineer at Toronto. Children not accompanied by adults or parents under the age of 15 years will not be adrait'ied to St. . Thomas theatres. Children must sit with those they accompany. This is the law of Ontario and must be complied with. Gen. Garnet Hughes' new appointment is to direct a British cellulose company, which has large works in tho Jlidlands, making substances used in airplane w^ings. This company has been largely financed by the Imperial treasury. Alexander Apple, 10, and Weldon Ashe, 9, were killed at Ottawa when they were run down and suffered fractured skulls under an automobile driven by Edward J. Whittet. Whittet was held in 55,000 bail,after reporting the accident to the police. The city ot Toronto lost 517,995 iii taxes when the Court ot Revision sustained an lippeal by Canadian Aeroplanes, Limited, for exemp-'] tion from taxation on tho ground that they were engaged exclusvely on government work. Tho Oxford County Council haj? decided that the gi'ant of 518,000 t6 the Young Men's Cliristian Association overseas be paid immediately. Investi-gatlwi concorning tho workings of the Y.M.C.A; overseas liad.prdvod satisfactory. "The Statesman," which.'- the publishers announce 1b "a%flational weekly journal ot progressive thought;" made its bow last wcfik under tho editorship oE Lindsay Crawford, formerly ot tho editorial staff of The Globe. Mrs. Mark "^Idcs, of Fallon, Nevada, widow of Sheriff "VVildes, who was shot and killed by, Paul Walters, an alloBOd draft tivader, has filed nomination papers for the o/llce hor husband'held' in opposition-to George A. Cole, appointed to tho vacancy. Registered married m^n without children who havo securetl deferred ciassiflcationii will be taken out of class 2 and placed in ,class 1 If other support is available for their wives, according to InstructionH rocoived by Spokane boards. The now rullrig provides that if the removal of, the registrant win not deprive the wife of reasoiiiable andadoquate support, taking Into consideration property in-coraof) and government allotment and i�llowanco8, ho shall be placed In class 1. Dominion Fruit at Forest, Ont., Commissioner, died aged forty-two years. Thomas Moohan, of IJrockville, was found dead, having failed to turn oft a gas Jot. Twenty cents a ton will bo added to tho cost ot bringing coal to Torou to under tho now freight rates. Teaching ot tho German language in any ot the public, private, elementary or High schools ot Washington is prohibited. 'Pwo hundred thousand French war widows, represented by members of tho old French nability,' addressed the Pope, asking his help and a bonedic-^tlon in behalf ot their fatherless child-'ren. Among the leaders who came here were the Duchess ot Derohad, the.Princess Clermont and Tonne-ferre, tho Princess Do Popichac and the Princess Murat. f mlea ot Oonoral Von Dor Hnrwltz and �Von Hutlor under ono chlsf. This operation has temporarily tljrown tho Oormans oft tboir'balance uid if thoir object now Is to regain It, fco task of tho AUloB Is to throw theii still further oft their ballinco. ; That there must bb a change in tho Oerman positions generally ^ botwoeri the Sommo and tho Olso Is Qvldont it tho German second iirmy iin PEI^TECOSTAL ASSEMBLY 205 Thlrte;enth St. N. Rev. C. M. Neve, Pastor Res. 357 16th St, N. Service's Sunday, 10.�0 and 7,30 p.m. Tuesday and .Thursdayfl, 8 p.m. Kvangollst n. J. and Mrs. ,ScoU asalJt ing. - A Hearty WcIo6me to All, BAPTIST First Baptist Church Cor. 3rd 4va. and 9th St. . Rev. C. Baker, Patter Services will be held.-.mornlng and 'evening. " . ' 3Iorning Service, 11 a.m. ' Evening Service,-7.30 p,m, Mr. li!. A. Robertsoo, of Aoadia University, Woltvilie, 'W. S., wllV prciach at both services. Sunday School will meet after tlM morning sorvlco, . - We give a hearty invitation- to all to meet with us In these services. Christian Church NORTH LETHDRIDGE GOSPEL HALL (Late ,1th Avn. N. Baptiiit Church) Speaker: John Ruo, flliS llith St. N. Sunday ,School 3-4 p.m. Evening Service, 7.30. Subject; "0 tasto and See," Everybody Welcome- Cor. 3rd Ava. and 8th St. S. Oliver L. Curtis,-Pastor 612 Seventh Street South Phone BOt Bible School at 10.30 sharp. Morning Subject: "The Hlghv^ay." After tho aervlco, at- the dlo.^e of the morning soHfllon there will ho a short mooting, ot tho^ members ot tho church tti o.ohsl,der retaining tho pastor tor^flnother'year. Christian Endeavor, 6.46 In the evening, Proacliing at 7.30;. Subject, "A Faaat Without Conservation," CHRISTIAN SCIENCE CHRISTIAN^SCIENCE SOCIETY Hull Block, 7th atra.al �. Sunday Service at li.b.m. Subject: "Splclt." . , Tho Sunday School, Is closed during - ,TuIy and August, Wudneoaay Kvaning, Testimony most-Ing at 8 p.m. ^ The reading room Is open rtally es-oept Sundays and legal holidays, from 3 to 5 p:in. Hero, the BIblo and author-l',5od Christian Science lltera^ro may 1)0 read, borrowed or pur'ohased. The public Is 'cordially Invited to attend the church sorvloei, klio to visit the roadhiK room. 43 ;