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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - March 23, 1920, Lethbridge, Alberta PAGE EIGHT fHF. LETHBIUDGE DAILY UKMLD, TTJESDAY, MARCH 23, 1920 REVIEW OF EUROPEAN CONDITIONS TOLD BY CANADIAN WHO KNOWS (By-MaJortiiu.-A. D. Mcitee. of Yau- who has Jnst ireturueJ from Eorope.) Appalling, falls to e.vprfss the ait- nation in Bnrope lodiy. Thst a large part ot unfortunate continent Is already baskrupl many ot Itj other nations on targe of4 bank- ruptcy with but a few months grace ahead of them, will no'.- be denied by foreifin trade. A visited Hamburg weeks told mo you personal friend who ilthin laat lUre. more serious than heavy Ale- a period ot five years, during materials tut with the mark wor d that durleE tue present year. The o- RuMi.wat a waf was due the nsny Rouraania had a b.b irc-v t n _as no goTernmcnt )u ta.t year but -Iher the roil or lo out tne dB. nlands to ol) tnciu Jt [or credit can only ihig the credits af- llowover, cost what (including Great Rri- Wiler tratijiponatiua to tntne It and 1is T- oni-v Uave tltnsctiTS pnca to tho BoUSevlfci ,h p.e5ent government by Ilolshc-; ;.ich for tb, .1 ia full control hrr entire East- Tha Msistlnco now "continue to coraoTarcelv from frontier. Tflo plijit ot the other, opojed bj. ,he A1Mes ,0 assist Ger-, soThaV burtnE mSt to Balkan countries to tuurb worse than i Jn wutd, ta'tlSLe obtahicd r money to .carrjfi oji develpomeiit 'eli Immigration' recewltmles. This (respect raises question of very erloas concern to all Tuo Empire pooled forces to win (he war; why not to win the Flrtt of Nation! Is the flrat lair ot nations at nature. In tho pre- lent world upheaval It the first duty o! countrr M care o! 'iaelf. Sentiment cau no longer be permitted to govern. We- ard eallng the. course at pre- sent gorgeous banquet of expansion and Inflation are about lo be call- ed on to pay the bill. It Is madness to think (hat such a reckless feast can indefinitely. We must get down to a cold realization of the sit- uation and prepare to meet It. It has been Mid that Canada can solve her far problems easier than i other country lo Ihe war. With our great undeveloped natural resources, we art, so far as raw materials are concerned, undoubtedly ia a mare advantageous position than any of our allies, but our wealth, so to speak, is al tho crass roots. To "cash in" we must have incrcascJ production. which oie'ans reore population, ini- nisrallou and prodncllon, thai Is our >robleui. Undeveloped natural re- sources as they stand us today caunot "cashed" at the .bank. Put. Our House In Order There is little that the Vailed states -r'H rise to the occa- sion aud dlschirge her duiy in clrlllt- itlon by Joining with the other nations In a sound business effort to maintain International trade. On the contrary tUo lack of understanding and tho lu- dlftwenco of a great part of tho Am- erican people to anything European, complicated a bcx and Accept BO fauUtioji B WlVPS a loan of to help throueU her present difficulties. The downward trend of the fraac shows he weakening confidence in France's position. Even tie neutral countries In Eu- rope are facing serious issues, parti- cularly those like Sweden whose con- 'idence in the German war machine ead them to invest largely in nan marks with the result that many of their financial institutions are fac- ing bankruptcy. Without sufficient coal for dome a tic requirements, the tew manufacturing plants operating on the continent have heen obliged to shut down., !Many countries suffering from lack of food, are also suffering tho horrors of midwinter without coal. Karainai sickness, poverty and deatii prevail in large sections of Europe. Britain, the One Bright Spot The ono brlgnt'spol In Europe is Gt, Britain. The confidence of every Brit-' Isher you meet la most re-assuring and after a visit of a few weeks you come away feeling that Great -Britain will come through all right and while she will have many difficulties, there will be no revolution or Bolshevism in the British Isles, There Is evidence that labor is becoming more sound In its position and that there will he early curtailment in government expendi- ture and economy alt nlong the line. That Britain will have much to con- Ku he saved or must civilization o the AVestern Hemisphere? Great Britain in the Crisii In Europe Great Brilain alone can render effective assistance. .Other European countries are helpless. She has already advanced-hundreds of mil lions and her hankers are daily ar ig credits witii citizens of bank countries, where such credit a best must be more or less o[ a gamble. Britain's efforts must 'Boon weaken and without tho active assist ance of the United States, her wori must -be largely in vain. For Europe the issue is salvation or destruction It is for the to say.. Clearing House for International Tratfe If the continent of Europe is to bi saved frofii bankruptcy, an interna tlonal fund will have to he created for a few years until these countries have time to revive their industries and produce goods for export in payment of their imports. Each country which benefits by the fund would he. obliged to finance the fund to the extent of. their net balance ot trade against the other members of the pool. For.sucn credit as any Kuropean nation receiv- ed from this fund, they would be oblig- ed to pledge their revenues or such other valuable securities as tho com- Fires B re ak O u t and thieves break in. Don't risk first, or invite the second, by keeping money in the house.' Put it in The Merchants" where, it will be safe from always earn interert at highest current rates.- MERCHANTS BANK Head Office: Montreal OF CANADA. Eitabliihad 1804; LETHBR1DGE BRANCH, R J DINNING. Manan-r BARONS AND NOBLEFORD BRANCHES. M. A. KILPATRICK; MIH2S mr Monircb ui d VALUABLE PAPERS The Safety Deposit Boxes of this Bank offer security for valuable papers, documents and other effects. The rental.of one of these boxes is very moderate arid protects you against loss by fire or theft, THE CANADIAN BANK OF COMMERCE PAID-UP CAPITAL -.RESERVE FUND LETHBRIDGE BRANCH, R. T. Brymner, Mantger. of Canada i Prescrip- for lend with ia apparent. Them will renewed unrest due lo' tho continuing Increase In tbo present high cost ot [livinz. The falling value of the pound abroad has resulted In a very rapid increase in living costs, the Increase for January being estimated at 5 per cent, nnd even greater for February. In Kngland profiteering is rampan i. mfssioners of the fund ralgbt ttcdde. 1 understand' that the revenues of practically every country in Europe ore available as security for such adrnncea. Under some such scheme, the United States would be called up- on to finance Europe for her balance of trade against them al the present aggregating about four billion dollars a year. Nationally Hpeafctng, this sum represents her annual gain from her foreign trade. H would seem a mod- est request to ask the United Stales in the effort to save Europe, and thereby keep her best customers solv- ent, to risk this gain lor the next three or four yeara. Unless some such scheme Is adopted Europe can- not avoid bankruptcy nnd with that continent bankrupt, not only Great Britain but tho United States and Can- ada as- well will have a collapse from which it will tafco them years to THE COST To your Estate is no greater by appointing a Trust Company as EXECUTOR than an individual but you are assured at all times of the benefit of our experience. Correspond or call on us for further information. The British Canadian Trust Co. PHONE 1843 315 FIFTH ST. S., LETHBRJDGE H, and am in a poMilion to tfisl Ihele is a vjtat I w'ai >kt al.al! irllii my fltrenicly tfie o'.hor.' my E'jfTrriiK; Tras greater whrn 1 hsd not laVen th? 'Favorite I aiisli fOw.ivj fake plciture in 81. COULD NOT SLEEP Halifax. .V. ws.s in a cfcn tnjutol by itvtra! ilnctors pn'J only had bMh tritk j and they are going through an orgle o2 cover. Tho issue rests with America, id i sriecublton. due in part to tho falling Conditions have grown rapidly worse of money and largely to the fact that tho income taj being as high as SO per cent, the government In many in the last (cw months and it Is pos- wrotfl AnH to the Medical al Pr. r'i Htitfl In Buffulo. N. Y.. I 11JO Dr. Golden ible that a delay of another year may mako it loo late, international ex- cases is taking four-fifths of the risk changes can only be'rc-cstablishcd hvl on excess earnings now being used in] the co-operalion of ail governments speculative ventures. This is some- concerned. Canada should parlici- thing our own government might well pate in tuch an Inlcruadonal arrange take steps to prevent and at the same j ment. time with a view of discouraging! Unmaking the Empire wholesale amalgamations of Misting j As a forerunner to this internatioral companies such as are now taking place clearing house, we might well cof.-' in England with no partlr.ular ailvant- (he, adopllon of a standard me-! i'gelo.inyor.eexccnt the promoters anil! of exchange within tho Empire with Ihe public aa usual holding the'i Bm not jure that Ihe apparent ad-! our government might mako It) vantage we Yiow enjoy by reason of j clear in Canada such comblna-! the depreo.ia'.lon of the pound in ran-1 lions would noL bo permitted (a lEsuojada not n boomernnr. which In ;hc what in effect would bo watered stock! end will cost tia more than we gain i or capital inosccss of the existing! Already it lisa resulted not only in of the companies combined and diBContlnuanro of tho purchase of all i Life Insurance Prottcts your family if you die and protects you if you live. A policy for J in the hands of your when you dre Is worth of those you were just flolnfl take out. Buy your Insurance from the Monarch Life, a good Canadian Company, HOLMES 922 7th Street South, Lethbridge Phone 1211 Representative for Southern Alberta. ALSO AUTOMOBILE, FIRE AND HAIL INSURANCE Farm Products Ltd. I could nnrt tiiy eotf Rgajn. I ttrl.iinly lecorn- mrnd Dr. 'o-ill for tbey have for mo doclun ftilod to do and hrivc E-ivcd mo dot-tor biilj. JOHN HOMANS, Clam Harbor. ToronJo, over thirty'yoats 1 hftve Inxn c uwr o! Dr. Fiercu'l I'leuaat Pjlleu. I hai-B taken thorn Uvn'trouble, cooitipation nud i.ick-head- latts and they Always gave me leiiel -wsntod. I am ntf lure mt a tAtik Bptll. I can -HAN- IS, Bt. such trusts would be no longer or, ntlviKd to considered infant Industries and on- Mtdira! Ks- '_ henefils of protection. Tho anil 0( engaged Jin Iho samo line of trarto floes not ccfifrirtly Increase efficiency or pro- duel Ion arid there is much lesr, jusll- ficiillnn, if nny nt all, for ihe consoli- dation of companies in diff- erent lines of trade. Notwithstanding (ho era nt speculation, Oreat Hrliain has mado much progress in reooiiHtvuctlon dur- ing the pastt year. Her Industries arc all busy eftirlency Ifi not up to war stamlardj, her manufac- turera arc increasing their onlpul. and Cnniullan securities for a? the ISrit- lah public Is concerneJ. has led to their purlins with a larfie pnrlion of their Canadian to the United Stales nut] with n further fail in tho value of the ponntl, may expect tho ownership priiftilcaliy nil of onr outsUiiicliiiu securities to into tho hands o! ihe Urltlsli ImmlKjntion to Canail.i (par- ticularly Oioso with money, which are most desirable) In being grcaliy re- tfirdfd by Ihe discount whirl; tho in- coming seltler must nccenl on the Irnnsfer of hl3 tnoney. If present, con- ditions are to continue It is apparent that not only must wo he prepared were H not. tor tho international fl- to accept t'nlletl Slates as ow one nanoial situation and the Increased and only creditor, hut ivo must look ot Itviw, Bnglanrt wouM have to it. for our iraralir'.'.lion nnd for ;he BAILIFFS SALE Under and virtue nt a CHATTEL MORTGAGE given hy H. B HUNT lo WOOD, VALLANCE 4. ADAldS, nnd lo me directed awmel (he Eooilii arid chattels o( H. B. HUNT, of FOREMOST, ALBERTA, nnnicd iu tlio said CHATTEL MORTGAGE, 1 have EcUe'l 'ho.following goods, namely: STOCK IN TRADE, CONSISTING OF A WELL ASSORTED STOCK OF HARDWARE, PAINTS AND OILS Sllustct! In tho vlllase of Korcmost, nn the line of the Canadian Pacific KRilway Company. Totel of Stock as shown by Inventory of Fixtures as shown by 995.20 Jg, 798.43 slock will be co'.d at so mncli on the dollar aa shown tlio slock sheets. Stock sheets nifiy be inspected al Shci'iff's Office, I SHALL EXPOSE FOR SALE Saturday, the 27th day of March AT FOREMOiT, ALBERTA, AT THE HOUR OF 10 O'CLOCK AiM. or marked cheque, payabin si par Dated, l.ethbrldge, 13th March, 1920. M, YOUNG, Bailiff. Are handling nrf Farm Machinery, une-tlilrd balance on 'approved maturing November 1S20, at 8 per cent. Inter- eit. 5 per cent, discount on credit .amountu for cash. Everything PETER LeVALLEY, Auctioneer D, J. .McSWAIN, Clerk c-o DowJley Land Aainey, Lethbrldn: ;