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Lethbridge Herald, The (Newspaper) - May 17, 1971, Lethbridge, Alberta THE LETHBRIDGE HERALD SATURDAY, MAY 18, 1946 TOOK CO. LTD. Proptletotm and SO fltttb O, ijetbbridge, W. A. BUCHAXAS Director. JOHS TOSRAXCX Business H. G. C. E. MATTHEWS Secretary. THE WEEK IN THE NEWS The Power of the Spoken Word PICKED UP The spoken word, in the way it sways the multi- [JsJ PASSING _ Tkff A Member of of the is pec..- :o be Tiers- are 20 stock- pifes o: hand. I: has used hand :o mouth. what has been esperted. TSos- sands of and others :n FOR THE BUST READER Infan: mortality in Calgary last month was 52S per thousand live births, compared with a rate of 25.7 is April. 1S45. Dr. W. H. Hdi. eai officer of health, reports. A proposal to bring 500 more 11 jt w A _...- _ the world the blessings of peace has given place to has confusion., with the hopes of men and women Tvho; by tfce A BRITISH VIEW OF WORLD FAMINE looked for better things after a war. won j general Increase ia the cost have proven against a common foe. Today the world has need of he budding traces ali across the iwli be throws out of work Second Ciaa ISall... Department. it Herald Serves the South ejsj Baron John -s rer man spake like THAT BODY OF YOURS (JAMES W. BARTON. M-D.) THE AIX XOCND TJtEATMEST OF RHEUMATISM Some months ago I spoke of the various causes of rheumatism, the various methods of ireaiasffct and of the various specialists medi- cine who may be needed to give re- lief or bring about: a cure. specialists in addition to the family "Madam, you have just killed two oat European, and three Indian children." in the London Daily Mirror. Mr. Bracken and Farm Ceilings (Winnipeg Free Press) and prices soared. In 1918, prices of -Uthou'h Canadian farm organi-1 raw farm products were more than zations and fanners have in general j double their level of 1913. Fnce con- eroressed no desire to see price j trols were not- rigid and were not ceilings on agricultural products; even applied at the retail leve., so abandoned. the progressive. has time and again cattle and iambs. The Plight If ever thsre vas sn argument in favor of a proper division o! revenues as between tae Dosiinioa and the Provinces it- case in the address of President Newton at the rta University Convocation on ccsl. such as and others de- t on it, is cnpnliag. and as l- mori> than half a milUon are idle, and asn- -ore -sIH be unless the deadlock is broken. The chief secrce of dispute be- i-isreen the nuners and the opera- tors ss the Le-Kis de-rand that the Wednesday -srben he said that an- other nuHion dollars a ?ear in rev- enue is needed if the University is to faiSl its task as Alberta's in- stininos-cf higher learning. Of course, as the President point- ed oas, the "university is now op- erating under a great handicap in trying to give the educational facili- ties provided for veterans under the re-establishment scheme. Thou- sands more students are attending now, trying to catch up rsine-s collect- a 7 per cent royalty on aU wages paid in the industry. This Is, the -union alleges, to be used to create a welfare fund. It is a hard argument to get around except that such a tax is a direct infringement on the taxation rights of governments. It is possible that Congress will ac; to -rns'-e such as impost- illegal. I Meantime ths U.S. railway men are threatening a strike to- start Saturday afternoon. If it occurred the whole business cf the nation wSi be cripDied. President Truman on Friday" seized the railways in a counter-move. Behind aU these strikes there is the obvious aroblern of reaching a new wags-price leveL That is one of the indications of the in- The education they missed -whil in the armed services during the It is oar duty ts take care of them. To do so -we need nsora room in the University and more another million dollars a year. But -where are ve going to get it? It -was this handicap of the large sparsely settled Provinces like flation -which taken place dur- IT words He spoke in His appeal to the fight side of human nature are to be found the cure for a world in distress and the fulfilment of the hopes of all men and women 01 T t _._ nt- I ft leadership of Christ, there is the conviction that only of Ottawa Gossip Speculation About Forthcoming Basic Faciers. speculation fb-thcoming budget: and of course v this vear, and then, by the feature in which the average j agreement, is compelled 1.0 cut is most- interested is -whether still further nest year, Oies -Alberta, prompted ths Do- minion Government to seek a sew tas: agreement -witil the Provinces. Is is most unfortunate that the re- fusal of SCBH8 of ins Provinces to the Dominion's plan, has faced Alberta an impossible tass: in education. Southern Trans-Canada Let -as hops that the cross-Can- ada siitoiaobils tour -which is now being undertaken by an Eastern enthusiast to win the medal oSer- ed 20 years ago by tha mayor of Victoria for the first man to drive. his car across Canada on Canadian soil -win point up the fact that the only Eii-year route across the Hockies and on to Vancouver is the Southern. Tracs-Canada. high-way ing the war. It is generally ad- miited that a 15 to 20 per cent wage jamn is perm liable and in keep- ing with the national debt and the amount of currency and credit in' circulation. But there are hints of some- thing- more sinister. The band of the communists is seen in the cou- Hon.- JIumphrey tinued Mitchell said in the House of Com- in answer to a mons wee __ will be slashed. Bucset secrets are about ths most and until Mr. Bsley gets up in the House on Budget Dsy 7the date of which hasn't yet been set) not even ths raost enterprising [tiapennan on Parliament Hill know what's on the program- Just the same, the factors which affect, ths decisions of the Min- ister of Finance are fairly widsly and on the basis of is oossible to triage a fair guess. Is, rnav be conceded at once that there are powerful reasons for a further cut. in taxation; among which may thev mav be driven down to trie point where quite inadequate rev- enues are collected and another heaw deficit is incurred. Or he may "have to apply new taxes on sales or other indirect fields. VI Weiehing all these factors for id aSainsi cuts, I would be in- ___ farming jobs have bees at a minirnuro, officials >f the veterans land act said. Czechoslovakia's uranium mine at Jacbyzuov near the border of the Russian occupation zone of Ger- manv, remains under fuH" control of the Czech government; which sup- ports United "Nations efforts to con- trol atomic energy, it is learned from government sources at Prague. The commons Friday passed the las: of ejaht items nroviding for a total increase of S913591 in estim- ated expenditures for the science sen-ice branch of the federal de- agriculture. The 1946- ______ expenditures were compared with in 1945-45. "William Peter Graff. 20. no fixed address, was sentenced to three rears in Prince Albert penitentiar govemmenfs farm ceiling policy. spending, even after paying income He has called for Uf ting these ceil- i taxes, could buy 2o_ per cent more ings and ro buttress his arguments, in 1918 than in 1915. __ has Dointed to the higher agricul-j "inflation took a stronger tural" p-ices in the United States as after the armistice. Raw farm pro- compared -with Canadian prices for ducts brought 1215 per cent more partment of agriculture. 47 estimated expeaeitur( when he pleaded guilt district. court at- Calgary before Judge H. Stack to retaining on four S100 Dominion of Canada bonds stolen from J. Dyer, Saska- toon. A 70-year-old schooner, the Val- iant, left Belfast, on the first stags of a 12.000-mile voyaee to Austra- lia. She is due at Dublin Saturday and then sails on to Falmouth. Eng- land. Lisbon, the Azores, i farm products. a 1919 than in 1913. After the a number of econ- middle of 1920. deOation began, and omists who have learned the lessons 1 for the next rwo years prices con- of the past as Mr. Bracken obvious-] tinued to fail. When it was over, tne ly has not, have criticized "the} prices of crops had gone back to United States government yielding {the pre-war level, altnougn the i_ ____i__ n-nr4 POTTJltH'MJltilSS to pressure groups and permitting farm arices to rise to their present levels." They aoint out that further inflation will inevitably collapse a deflation in which the prices of farm products will fall much more quickly than the prices of agricultural implements and ether manufactured articles -which farm- ers need. The result will bs im- poverishment for the fanners. George Soule, editor of the New Bepuhlic. -writing in that magazine, points out: "The real question is trhether they 'the farmers) are not laying up trouble for themselves. Their_ex- perience during and after the -rirst, World War should serve as a warn- ing. "Then, also, exports increased ists, surgeons, orthopedic surgeons, physiotherapists (massage, baths, heat, electricity) and others. However one of the firss things A medical stsideax learrs and it is the same as -stiih aa expert motor me- chanic, is to look for the common- est causes of any disorder or dis- turbance first. Thus if the motor sf csr stops the expert looks at the gas feed or the electric equip- ment and in rheumatism the physi- cian first- looks for tonsils, sinuses, gusas. While all cases of rheumatism are not caused by infection nevertheless infectioa is the "commonest" cause. Purther, while other injuries, cold and dampness, emotional dis- turbances may start rheumatic symptoms, infection can, and does, make thesn worse. Thus one of the first specialists often consulted is the orthopedic specialist as he is well fitted to de- tect injuries to bones and joints and the effects of rheumatism on these structures. The X-rays show- condition of joints. The food may sot be "coasuHed, because the main point in diet treatment of rheumatism is to cut- down on starch sugar, bread. What often is necessary aside from nourishing food is more iron and calcium in the diet found in beans, eggs. figs, -whole wheat- bread, green vegetables, bran, and molasses. As pain must be kept under control "to spare the serves and general strength of ihe patient the most effective remedy is aeetyl salicylic about 10 grains every four ho_urs. Massive doses of vitamin T> help a great many cases and gold though often hard on the pa- tient and attended in some cases" by serious reactions certainly seems to help -where other treatment fails. Many physicians report good re- sults with vaccines and make It a The Story of Serge Rubinstein Drices of oiher commodities re- rnained considerably above it. The purchasing power of farm incomes was far betas- that of a decade earlier, even during most of the nrosoerous twenties, and then re- ceived a new blovr in the depres- sion beginning in 1929." Much the same process went on in Canada. Much the same process--------------------------------------------- recur if price ceilingsjan farm Oi their routine treatment for products are rheumatism. The most comforting and morale building treatment" is physical therapy. Heat in any and all hot and cold baths to- gether -with light massage stimu- late the circulation and remove waste products from joints and ends of muscles. Heat and massage in addition to stimulating the circu- lation remove spasm of muscles thus relieving pain. tanners and farm organizations know this. That is -why they have not pressed too strenuously even for increases in prices, let alone for lifting of the price ceilings entirely. Only air. Bracken has been the chief wroponent of this disastrous to the fanners, and disastrous to the nation. (From Time Magazine) To ths stockholders of the Pan- Producing and Eefining Co.. Kever one to De caught short himself. Serge had meanwhile been building up control of the Chosen Coro. Ltd- a British concern which sleek, glib Serge Rubinstein. Panama. Honolulu and Suva. cliaecf to predics that he win con- gram fc-r HEXL fall ana some or all of the provinces, he can his plans accordingly, and -will question bv leader, thai there are "certain forces i of the general public_to enjoy some in csnada. and other countries relief from the tax ourcens which be listed high the al- not have given a-way any bargain- ssl desire on the part jjjg power in the meantime. in Canada, and other countries do not, -wane industrial They sough: -unrest, he said. Arui looking ,at- the leader- ship of manv of ihe sirikes in Can- ada it Is hard BOD to conclude that communist forces are busily engaged in fomenting trouble in the- hope that out; of the csaos come the revolution which the red elements are hopeful of fo- mentine. There is no such, unrest in Bus- sis. Strikes do not occur in Bos- sis -where most workers are on piece -work, and where comm-onist leadership makes sure thai elements which cause any upset aSecring the State are quickly punished. It is suggested that Sussia is anxious ________________ they have been carrying for several vears. If the government seeks to carry CUE the wiil of the people is -will probably feel that it has a clear- 19s7, the agreements are expiring no hone of rene-rai, he -will be able to reduce rates enough to al- low the provinces to re-occupy those fields, without bringing Do- inion rates down to the point where they will not yield sufficient funds Budget EtKech. However, it also sure brought to bear upon the Do- responsibility to give inteUi- j minion government to ge; cut of from Medicine Hat through bridge and the Crow's Sest Pass. The sooner the Hope to Princeton highway around Hope" Mountain, now under construction, is com- pleted and the rest the highway is completed and hard-surfaced from Medicine Hat to Vancouver the sooner will we have a tourist ana. commercial highway which will IK of real service to the people and the tourists. This highway is the first east-west high-way which tour- fcts and business travellers cross- tag ths lice anywhere between Wild Horse end Blaine reach. It is a distributing highway of first im- portance. I; should not be over- looked in favor of the more spec- tacular in the used only three or four months of tie year. to catch up with the rest of the j is equitable enough, but if it stops world industrially, and that un- i producers from making goods and cat mandate to make some sub-1 cover national reciiirements- stantaal reductions in taxation in j There win bs considerable pres- ths gent leadership and marlagement. j ths direct; taxation field, so tha It may well be that tax cuts will combined provincial and Dominion be necessarv in order to stimulate [levies will "not bs crashing. Here production "in certain lines of ac- fMr. JOsley. as always, will be on the tivirv. It- has been well known in j horns of a dilemma, as was vividly recent months tha; excessive tax- rates tend to stifle enterprise. As producers eet into the higher in- come brackets, a larger and larger percentage of their earnings__ is skimmed off into the treasury. planned bv the department of eau- caaoa it was learned in Eegina. Pars of the adult education plan, the proermm is in effect, night school for persons over IB years of sse. Samuel Koddan of Vancouver wiil direct, activities. One person is dead and two oth- ers critica31v injured as a result of an automobile accident four miies north of Humbolcit, Saski, Tuesday. Svlvester Xitz. 26, of Marysburg, siskL, died shortly after the acci- dent from injuries received ween he attempted to jump from the overturning car and was crushed beneath it. rest in the capitalist democracies does not; oispieass the Kremlin. Meantime the peace talks of the Big Four Foreign Secretaries have been postponed until June 15 after reaching a deadlock. Here again Russia is the stumbling block. Dif- ferences have arisen over many problems, among them the Italian border on the Yugoslav frenter- Ac- tually there is a clash of ideologies and there seems to be no disposi- tion on the part of Moscow to comprontise. Indications are that, when the Foreign Secretaries meet again a services badly needed in the re- conversion program it is obviously up to the Minister of Finance to provide some relief If possible. Some commentators are laying stress on the very big cuts in total expenditure by the national govern- ment since the end of hostilities, and are arguine from that that taxes can and should be reduced acordingly. This certainly sounds plausible, and" I notice from the morning paper that at least taxes.) If it respects the direct shows bv Mr. Bracken in January. 1 A British Columbia 1S41. and Mr. Garson at the latest mine is the item bein_6 oner conference. If the Dominion ap- plies the most equitable tax for ths bulk of its needs, namely, the income tax. it dries tip the only legal source of provincial taxation (direct ed for sale bv War Assets Corpora- tion. Declared surplus by the re- construction department, it is tne Emerald tungsten project No. 7 near Salino. B.C.., complete with mining claims and titles, mine and government on draft evasion charges. Allegedly, the Russian- adventurer "in international high finance who had dazzled Wall Street, bv his lightning-fast climb to control of 17 comnanies in four years had filsd false affidavits stating that his induction would leave his dependents without finan- cial support. In severing his four- year connection with Panhandle. Rubinstein did not go away empty- handed. Ee sold shares of Panhandle stock lor a profit of If the stockholders thought Rubinstein's motive altruistic, the TTJS. government- did not. It imme- diately asked Manhattan's TT.S. Dis- trict Court to raise Hubinstein's bail from to because he was about to flee the country tp a four-motored C-54 he had just bought. Furthermore, said the gov- ernment, Rubinstein was dumping; enm-rnf-iew i-M-nlvaTilrf- _ a mill for the production of tung- tax field as a provincial domain doing business, then it depresses the Estuary national income and helos to ere- a result of tne ate employment, xcis Is one of the most urgent reasons why the conference of premiers' should have succeeded. There is no way out of this tax except a new agreement with the provinces. When t one na- the Fathers of Confederation con- tionallv" known StP. has been tak- i fined the provinces to direct taxa- ing the same line. But it is neces- j tion. they could not possibly have sary to remember that in spite of seen what unfortunate results it is the very high revenues during the war we never financed mucii_ more us grant that the E5.4 billion proceed to make peace with Italy oj expenditures of 1943-4 has been and that part of Germany held by 52.7 billion or so and now thsr !3ritish- TT_S- and France. If the British. 'U.S. and rrance. If such a thing eventuated it would mean that there would be a definite split between the Russians and stands at one-half the war peak. That still leaves expenditures of billion for the current fiscal year; and it is quite clear that we the remainder of tne United Ka-1 shall not get much more than S2 tions big powers, and what the eventual outcome would be it would take a seer to forecast, 1- T In this connection an interesting article appears in Newsweek by its Washington correspondent who re- billion from taxes. This will leave us with the tidy sum of S700.000.000 much if you T-urry past as representing the deficit for the current vear. In the face of such a deficit, can the Minister of Finance justify a very heavy slash liar definitely tourist highwavs veals something of the tug-of-war i in taxes? between Prune" Minister Churchill I There _is aaoiner Rain and Sunshine What's one man's meat is another man's poises. This old saying came to us as we read in The Daily Express, pab- hshed in Old London, the other day a story of Britain's crops. The first sentence read: "Three rainless weeks, plus long spells of sunshine, have brought Britain's crops to a. state which .prcsiises the best harvest in. 20 Here Ja Soatn Alberta our big crop problem is to get enough rain at the right time. We get sunshine in great Southern Al- berta we call it. But in the Old Country it's the other way round, too much rain, not enough sun- shine. If we could only find some way to divide up! _____________ caused bv ths forthcoming atom bomb ex- periments in the Pacific. A. IAUT- ence Wells, author and marine bio- logist told businessmen at South End and Essex. He said the dis- turbances would be due to tae uranium content of sea water. Forest Ranger Harold Peterson reports at Redding, Calif-, the pres- f .-t- i__ now causing, and a readjustment is I ence of a Ssh in Shasta Dam "as imnprHtivp_ j -Djg 33 a if you don't I believe it, hell show you the tract imperative. Views of the Press I mSfte masS jrvr CROW DIES AT SECOND (St. ixsuis Post-Dispatch.) When Jackie Roosevelt Robin- son walked out to second base in the Jersey City ball park, a ghost of -Tim Crow still hovered over the diamond. There were those who said that z. negro had no place in baseball, or that it was a noble experiment but it would not work. What would the fans think? stick to estimate the big fish's length. It was a sturgeon, 14 feet long. A coroner's jury exonerated police of the downtown Court street sta- tion in Toronto of any blame in connection with tie death of Al- bert G. Dalby, a prisoner who hang- ed himself in the station cells on May 2. Dalby had been lodged overnight after" arrest on a charge Jot MU1.1.. _ Nine innings later, the ghost of rape and was found hanging in was dead. It died somewhere be-i his cell, bat still alive- Removeo. tween Rcbinson s performance and i to hospital he died the next day. to a Polish friend. The latter sup- posedly smuggled Chosen's cash in Japan out of the country, wrappea in obis. Tn 1933 Rubinstein moved the Chos- Capital Closeups By JACK ESA Press Staff Writer) active gov- ernor-general. Viscount Alexander, disclosed in a speech this -week he had mads'his over the United States but he didn't say he iras at the controls of the plane himself. Ths energetic field marshal, -who through the Gatineau hills, guided his securities, and had 000.000 in cash. He had opened a big bank account in Mexico. Brusquely, Rubinstein explained that (1) the plane had been bought at the request of the Portuguese government for a. new airline, and (2) the cash in Mexico was for Rubinstein enterprises. The court was unimpressed. It set bail at Rubinstein said be would "take legal steps." This did nothing tp lessen the suspicions of the authorities, well versed in the fast-moving Rubin- stein saga. Serge had been fleeing something, usually tne authorities, most of his life. The first time was during the Panhandle for S187.000. turned it into a holding company controlling S6.600.000 in subsidiary oIL urban real estate, road-build- ing and consmiction After Rubinstein took over, the price of securities of the compan- ies usuallv went up, and he cashed in. Example: Panhandle stock went from SI to S14. He married A tail, blond sculptress and bought the palatial six-story mansion at 81t> Fifth Ave. of famed financier Jules Bache. As in his financial deals, the cash outlay was small, only one- ice. Downtown, ________________ hard. Uptown, in safe society, he played hard. He became known as the man who al- ways picked up the check, and thereby made new friends who might "prove usefuL But Chosen stockholders did not approve of Rubinstein's doings. Be- fore the New York Supreme Court, they charged that Serge had kept part of. the cash from the Japanese deal, put It into the Manhattan bank account of one Serge Manuel de Rovello. Cried, one irate stock- holder: "The history of this com- panv is the history of a racket profiablv without orecedent... There can be "no doubt" that the disposal of oar property was conceived in Russian Revolution. The son of a iniquity and bora, in sin." Cried St. Petersburg banker and finan- j another: never_ forget a lumbering R.C.A-F- Dakota trans- port on his most recent excursion- After his speech this reDortsr asked him if he had dcae the pilot- ing. ves." said the governor. "I alwavs tsilot mvself. It's one of aft- hobbies." Ee said he went to Rockcliffe and one of the Dakotas. He took the crew alons for the ride and. thev pointed out the various points of interest. The governor is personally inter- ested in two main projects. One concerns an improvised art studio in an old shed oa government house erouncs where he finds time to paint and sketch and the other concerns a fresh coat of paint for a motor-boat now beine overhauled at an. Ottawa river oosit house. He plans to take his familv oa week- end cruises and mechanics working on the little craft sav he is a nancy man around a gasoline motor. s to power, tually he made his way to Eng- land, studied economics at Cam- bridge University, quit to apply he had learned. In his first deal, he made At 2i he was running Paris' Banque Franco Asiatique. dabbling in French poli- tics, performing feats of financial legerdemain for all a fee. He was also playing the French money market. Result: in 1335 the French government ran him out of the country for selling francs short (he made a reported three million francs (S210.000) doing it. The case was settled when Rubin- stein paid over about to the stockholders- But it caused U.S. immigration authorities to pounce: they found that Serge had adopted the new name for use. as he ex- plained, "on formal occasions." that he had changed his Russian citizen- ship for Portuguese. A passport- fraud charge could not be made to stick. Bat his draft board hopes to 8e more successful. For all his troubles, Rubinstein last week had a simple explanation; Tin being persecuted." direct taxes on surpluses as higa I in April, then the Dominion i stole two bases. I Ca. i Finance Minister would have bren i Afterwards, Robinson was happily c oouelas. minister _. health annour-ced. The new Pc Seallh service follows, completion of 20 Years Ago times, if our European war strategy wasn't a little short-sighted." in Paris the his wonder is no doubt growing. look forward agreement with the provinces. From the Files o: The Herald. was discovered in Fred Lezenc rin and was Jnl ambulance held here during tne past Residents of a fashionable dis- trict in Lewistown, Mont., objected vociferousiv when they saw some ___ "__ ____ a _ aA T> J3 A 1 n The Road Ahead i porations." What the public don't stop to consider is the effect of i this tax on the general economy of By Capt. J. Harper Prowse, M.L.A. j the country. When the tax limits the income of corporations which are already established then it doesn't matter very much. .But when th-s tax acts, as it is doing now. as a deterrent no thoFe who would otherwise be prepared to de- Telop new industries arid businesses ASB TAXES Western Canada needs new busi- nesses snd industries. To get these things we need people who have money and are willing to invest it in companies which wfll provide these things for us. But at the jhea it Is the public who takes a preseut time there doesn't seem to j beating be any chance of this happening at ihe moment we need because of two facts about cur tax- j jobs for people a great many cf atioa systsai- 1 them. We need increased produc- TJnder the Hat: A spriariily miss is 14-year-old Beth Gardiner, leegy and comelv datsehter of the Minis- ter of Agriculture. She is regularly a listener when her father is on the speaker's list and her youth, up until this week, got her head past the doorman. But she's a bi? eirl now and the doorman insisted she wear a hat in conformity with parliamentary She didn't have one so she went to her father's office and ap- peared in a jiffy in the sallery his natty black Hombure. The minister paused in the mid- dle of a list of figures to look up in surprise and then he grinned. The first fact is that taxes on j Ucri so that we can raise our stand- has been started in one had "moved in an unpainted service arid in the South Paci- 2 WJiat They Say Eric Johnston, retiring presi- dent of the IT.S. Chamber of Commerce: "It would be suicidal if price con- trol was abolished immediately. The worst thing that couid happen to us wivjld be for prices to spiral and for us to have a period of boom and bust." _ Mr. TTeglo postmaster st after long His hands are tied in this way. j that under the wartime tax suspen- i Southern Alberta potatoes have been shipped all the way to Ten- nessee by the Southern Alberta Co- VMl those fields. In other words, he is i operative Association, committed to allow the provinces to re-occupy those fields when the Sir Alfred Pickford, Ban., over- asrecments expire: and as the I seas and migration commissioner ol provinces are entitled to re-enter i the Boy Scout Association, will them in 1947, the Dominion gov-i speak m tHe city few months' time, he is committee when Ihe time comes to reduce both personal and corporation in- come tax enough to allow provin- cial governments again "to use" fie." Neignbors now Joe with hammers and saws.- Canada's reserve army will never function as intended unless it has the wholehearted backing of the people of the Dominion, IJeut.- Col. A. J. Bailey, D.S.O., general staff officer, prairie com- mand. said in Regina, Plans call for Canada's post-war army to have two branches, he continued. An active force of personnel will be maintained, and 180.000 civilians made by gambling on the stock j new market." is not subject to taxation j isn't: money here to finance most Of. the if we require. Why, then. market, is not subject to taxation j isn't it being used for this purpose? of any kind. The result is that! Merely lecause there is always people who would normally be in- risk attached to the establishment in TIOTTT rtf OTSTT VtnciTSACC ATlrf vesting cheir money in new business- es and starting rew industries either have it invested safely in govern- ment bonds or other "sound" securi- ties, or else they are using it to "play the market" in the hope of making themselves a little income of anv new business. And before people will risk their money they must be sure that, if the business succeeds, they will get a good re- turn on their money. Money used to establish new industries, or de- velopment, is called "venture" or which is not subject to taxation. j "development" capital. But as it ----------.--_ at present the high taxes on The corporation tax, of course, is a popular tax with the general pub- wijl be recitsited for the reserve 1 lie who consider it merely as soak- army, Col. Bailey said. "the and the "souiiess cor- corporation income means that if you lose, then that is just too bad- while if your business succeeds your income is so limited that you might just as well have left it in the sav- ings account. On. the other hand, there are a. lot of people who have taken their monev out of the savings account to buy stocks with it. They buy gold and oil stocks, and the stocks of other corporations. B-ut they don't buy this stock with the idea of providing the capital so the companv can develop their gold claims, "or their oil rights. They buv the stock in the hope that, it will go up and then they can sen out at the higher price and pocket their "capital gains." Thus, today, we have plenty of "speculation" pro- duces nothing and is of no benefit to the country as a whole. At the same time we have a desperate shortage of "venture" or develop- ment wo'ild provide jobs for our people, which would provide the consumer goods we re- quire. This is a situation which will eventually lead to a stock- "crash" like we had in 1929, which leads to the concentra- tion of our wealth into the hands of the few who have the mor.fy backing necessary to- marjpuiflte stock prices for their own txr.e'it. Right now they are Iett4pg the little man make a little money to give him confidence and h'm up for the killing. The correction of this situation lies with Mr. Ilsley. He has got to arrange his tax structure so that people are encouraged to use tneir capital as "venture" and "develop- ment" capital and discouraged from using it as "speculation" capi- tal for ti--s purpose of making "capi- tal gains." Mr. Ilsley knows this as well as anyone else in Canada. It seems strange that he has dor.o nothing about it up to now. IN SPA PERI IN SPA PERI ;