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Lethbridge Herald Newspaper Archives

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Lethbridge Herald (Newspaper) - July 18, 1917, Lethbridge, Alberta PAGE EIGHT THE LETHBRIDGE DAILY HERALD AFTER THE PROFITEERS By H. F. G. Ottawa,.-Those members of Parliament 'Who would conscript wealth as well u� flesh and blood are comiiiR round to the opinion that the first body of wealth which should feel the levy la that of the profiteers-particularly that of the profiteers who engaged In the manufacture of munitions and reaped the benefit of the abnormal prices at tho start. It has been frequently stated that tho war has loft In t'anada a billion and n half dollars worth of orders up to date. These orders have made a comparatively few men and corporations enormously rich. So far Finance Minister White's special tnxes have taken about twelve million dollars out of thoru and will probably take that much more-in round numberh twenty-five million dollars. If these men carried on their business in England they would have- contributed to tho Imperial treasury out of their swollen gains, perhaps, some seven hundred �nd fifty million dollars. Seven hundred and fifty millions applied to Canada's national debt, which grows at an alarming pace on account of tho war. would reduce It to tolerable figures. 'tho country, though hard pressed by the additional taxes, would not stagger under the post-bellum burdens as it threatens to do now. Our national debt 13 now one billion dollars. According to the best authorities we may have to raise six hundred million dollars before the war is ended. This makes a total debt of one billion six hundred million dollars for a population of eight millions, a per capita debt of two hundred dollars for every man, woman and child in Canada. For the average family of tire It amounts to one thousand dollars for tho family. In tho three war years Canada has raised by way of revenue ?535,222,S77 which is only eleven million dollars more than our current expenditures for the same period. This revenue, Which Is much above the arerage, includes tho war taxes which are many and various. The people hare paid most of it by way of the customs tariff. Since the beginning of the war Canada has borrowed from England $200,-000,000, from the United States $145.-000,000; and from her own people $355,000,000. An aggregate sum of *700,000,000. It looks like something more than a mere coincidence that our borrowings on account of the war which amount to $700,000,000 should correspond so closely to the fifty per cent of tho profits which many fair-minded men ay the profiteers ought to pay-namely $750,000,000. It looks as If ProTidence had an eye on our national mathematics and was pointing the way how to make the war pay Its own cost and thus leave Canada with a more reasonable national debt-say $900,000,-000. ETen at that the people will have to be heavily taxed to meet the fixed charges, the public services -and the pension bill. One hundred thousand conscripted men will cost juat as much per year as one hundred thousand voluntary recruits-namely $100,000,000 a year. Each soldier costs in ronnd figures $1,-000 a year and the price Is not going down. In thi3 connection It occurs to many persons that it would be a sweet and becemlng thing on the part of the profiteers who have in hand seven hundred and fifty million dollars which might have been handed over to the state, that they Bhould pay out of their own pockets for the new lery cf one hundred thousand men who are to help defeat the Germans and mako the profiteers' wealth secure. It has not been suggested In so many words but the thought dwells In many minds. The other day Mr. Middleboro, the Chief Conservative whip, gave a list of some twenty-two companies which had paid in war taxes $5,26S,S11 during tho year 1915. This amount rop-re'.-onts the twenty-five per cent, tax paid on any profits they made over a legitimate peace profit of seven per cent. Multiply $."i.2t;s,Slt by four and you got what they made over and above what they should have mnclc- namely $21,075,244. Multiply tho sumo amount by three anil yim got what they kept for themselves after paying tin." pittance to the state-namely $15,-S>06.433. Aiul these figures represent only twenty-two companies. Of course there are hundreds of others. It is apparent that the money power of the country Is not being conscripted to nearly the same degree as the man power. Looking over .Mr. lliddleboro's list one observes that the William liavios Company, one of Sir Joseph Flavour's numerous activities, paid in 1M5 an excess profits tux of $10*1,0.23 which means that the William Davies Company made In one year $43S,492 more than it should. When one considers Sir Joseph's protean disguises ns a food exploiter, tho many packing companies In which he I? interested here and In the United States anil in England, one begins to understand the causes of the high cost of living. One also begins to understand how Sir Joseph can scourge ihe other profiteers for making hops of themselves when he is making so much money on his own account. Sir Joseph, who is cbnlnnan of tho Imperial Munitions Board, and supposedly the power behind tho Borden government's throne, has said that Canadians should be ashamed to make so much money. Everybody will admit that Sir Joseph ought to know. Another company which made considerable hay while the sun was shining in 1915 Is the Imperial Oil Company. In fact the Imperial Oil Company Is at tho very top of Mr. Middle-boro's list. Like Abou Ben Adhem its name heads all tho rest. The Imperial Oil Company is the narao the Standard Oil Company - Mr. John Rockefeller-takes to do business in Canada. In 1915 the Imperial Oil Company paid an excess profits tax of $734,045. This means that the Imperial Oil Company made almost three million dollars more than a legitimate profit, of which it kept two million three hundred thousand dollars. Every farmer's coal oil lamp, every motor truck, every automobile paid cess to John D. Rockefeller. There is nothing like making the old man happy. He needs the money for his philanthropises. The Imperial Oil Company's representative In Ontario Is the Hon. W. J. Hanna who was but lately appointed food controller. Mr. Hanna is working without salary and it therefore behooves us not to look a gift horse In the mouth. But the question naturally arises what Is Mr. Hanna's personal attitude toward the people who in 1915 were squeezed of an extra three million dollars by the company he represents. One hopes that Mr. Hanna'a efforts for the public good will not have a kerosene flavor. Mr. Hanna Is said to be working for the good of the cause, a more plentifully supply of limelight for himself than he has lately enjoyed and-a knighthood. H. F. GADSBY. PHON EW0RKER8 ORGANIZE Regina, Sask., July 17.-Organization of the telephone operators for a provincial union have gone steadily on with Regina operators taking the initiative. The scale now ranges from $37.5 Oto $55.00.' Rural operators are joining the union la large numbers. WEDNESDAY, JULY 18,1917 i THE NEW STORE IS SHOW-ING NEW CLOTHES A SPLENDID SHOWING OF HIGH GRADE SUITS FOR MEN WHO APPRECIATE STYLISH WELL MA DE GOOD FITTING CLOTHES. THE SERIOUS CONDITIONS EXISTING IN THE WOOLLEN MARKETS HAVE DELAYED OUR CLOTHING SHIPMENT8 UNTIL THE LA8T FEW DAYS, BUT WE ARE NOW RECEIVING GOODS DAILY, AND OUR STOCK OF UP-TO-THE-MINUTE CLOTHING AND FURNISHINGS IS JUST ABOUT COMPLETE. WE WANT EVERY WELL DRESSED MAN TO BE ON FRIENDLY TERMS WITH OUR CLOTHING AND FURNISHINGS. SELECT YOUR CLOTHES AS YOU WOULD A FRIEND, THEY ARE YOUR CONSTANT COMPANIONS. BY THEM YOU ARE JUDGED BEFORE YOU HAVE A CHANCE TO EXPRESS YOURSELF. THEY OPEN THE DOOR TO BOTH BUSINESS AND SOCIAL OPPORTUNITIES. LET US HELP YOU EXPRES8 YOUR PERSONALITY AND GOOD TASTE. Any Straw Hat (�1 25 in the Store - - v*-4- - ADVANCE STYLES IN HATS We have just received a shipment of Boi'saiiiio, Portland and King Hats in the new shapes for fall, in blue, green, the new mouse color in dull finish, etc. olive NEW SHIRTS, COLLARS and NECKWEAR JUST ARRIVED Call in and see our new suits. They arc hand tailored. We absolutely guarantee tliem to retain their original shape and color. See Our Windows for Latest Models ge s We take tfil� opportunity to thank the o��d people of Lethbridge and surra' "Sfsp since taking over the business of J. S. Rose. W. B. KESTER & CO. Successors to J. S. Rose Fifth Street South (From Our own CurrcsDoniJent) Pincher Creek, July 17. - A very quiet wedding took place at the Presbyterian manse at Cranbrook on Monday, July 16th, when Hiss Agnes (Nes-sle) Henderson and Mr. E. Lark Len- gln of Pincher Creek, were united in the holy bonds of matrimony. Rev. Hillis Wright, formerly pastor of Knox church, Pincher Creek, officiated, and only the parents of the bride were in attendance. After a short trip through E. C, Mr. and Mrs. Lengin will return and take up their abode on the bridegroom's ranch near town. HEPPNER-NELSON A quiet wedding was solemnized on Monday, Juyl lGth, at St. Henry's church, Yarrow, when Miss Anna R. Nelson of Paris, Oregon, became tho bride of Mr. Cornelius Heppner, only son of Mr. and Mrs. J. J. Heppner, of Fishburn, the Rev. Father Demcres officiating. The bride was attended by Miss Irene Hockstien and the groom by Mr. Frank Speth. Only the immediate relatives of the contracting parties witnessed the ceremony. Mr. and Mrs. Heppner will reside at Fishburn. BLONDIN DENIES IT. Montreal, Que., July 17.-In a wire to La Presse, Hon. P. E. Blondin denies that he was the object of a hostile anti-conscription demonstration on Three Rivers ferry boat on Sunday. No need now to waste time soaking your feet so often. Nor run the risk of paring. Blue-jay plasters have ended millions of corns. This very night thousands of people will say goodbye to painful corns forever. Touchy corns are needless, even foolish. Blue-jay brings instant relief. And in 48 hours the average corn is gone. Only a few stubborn ones require a second or third treatment A Blue-jay plaster, with ha healing wax, fa applied in a jiffy. No soreness, no inconvenience. The pain is not temporarily eased, as with paring. There is no danger, as with harsh liquids. Decide to join the happy crowd tonight which has won freedom the Blue-jay way. AXOTHEB CANDIDATE FOR THE EX-KING'S CLUB AUERABLACK _ Limited Taraato, CwuU Mfkanaf Swfictlll Dnmiuit, �u. Blue a jay Stops Pain-End* Coras For Sale by all Dru�tr�M AI�Bhwj>rBuita riuUn 32.QO WHEAT NOW'g THE TIME TO BUY GOOD FARM LAND. Farmers In the West the past two years with prices at $1.00 and $1.25 per bushel have boon paying for their lands out of one crop. What may they not do with wheat and all farm produce at their present prices? Wo have some excellent properties belonging to Trust Estate* under our care which will appeal to the farmer and Investor, and which must be realized upon. SEND FOR LIST. THE STANDARD TRUSTS CO. (Head Office - Winnipeg) Alberta Branch, Macleod Block, Edmonton, or write t*,,W. A. Davit, Alberta Block, Lethbridge. The Right Furnace McClary's Sunshine Furnace is absolutely right-right in idea, in design^ in construction; in price and in performance. It's a furnace made for your needs and is complete in every single detail. Write for free, descriptive booklet. MXtaryS SUNSHINE FURNACE LONDON TORONTO MONTREAL WINNIPEG VANCOUVER ST. JOHN, N.B. HAMILTON CALGARX 0 SASKATOON EDMONTON For Sale by THE DIXON SHEET METAL CO. -Now York Tribune With Cash In the Ink You Can Biy to Aivwtofle You know how everything costs more when you have to buy on credit. Why not practice self-denial for a while If necessary, open a Savings Account In the Union Bank of Canada, and with the money in hand, buy at Cash prices? The discounts will help to swell your bank balance, and you will have made a good start toward* financial Independence. LETHBRIDGE BRANCH CARD8TON BRANCH  BARONS BRANCH  > A. F. 8. Tatum, Manager � F. V. C�ver�, Manager � J. Blackwood, Manager 550? ;