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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - May 18, 1920, Lethbridge, Alberta v AGE'TWELVE THE LEn-IRKIDGB- DAILY HERALD TUESDAY, MAY red I Mi) tor soldiers' re establishment. Kor of the arbitration. In addition, advau- Invulnwnt and capital outlays, tie- MS of necessity, made to yood lie ordinary current expenses ot vlilo (or this year's oneratiouB. me. jhl9.COO.WO, au expenditure ol J1S7.- approximate, amount to cover advances IS56.S31 was estimated. The resultant fur tlio purpose above mentioned was i I total of }o30.V41.UO represented the ____ _________________________________ outlay of Canada for all purposes Charges of unfairness levelled to proniottTineasures whicn will The increase in combined I'lrcula- apart from war during the past year, against Canada by different shave- tie rTtion" iudebteunes..-' I lion vra, JOS per cent. I With a tolal revenue of 53SS.OW.OOO holders at Grand Trun meeting while heavv was not so Comparison With G. B. and U. S. hind au ordinary expenditure o! J-U9.- unfounded. If Uani Iruuk the obstacle Vbich Canada In Great Britain. K-tneen 1SH and I wo.ooo. it would be seen that .lurius luu no! been taken over, the sliaie- (Continued from Page) n_.....___........ human probability, rcula-j meeting ordinary expenditure, In-, would have lost their investment. years of war ths end of 1S19. note circulation baJ j tho lineal year the after holders, in all and liress. increased 207 cent. The Urges United Effort 'Indeed." Sir -Henry "were it possible lor the rt lion of the VnlUi States showed an j eluding an increased amount for in-- coiuinued, I increase of 70 i'er rout, from Juiie. jteresl account and pensions over the j SETTLEMENT OF STRIKE country 11911, ttf June SO. 1919. Tho cirtuta-1 yrerious year totalling nearly ON COAST IS FAI FAR OFF During the year the country paid off Co. iW- steadv srowiu iu .he production Britain, based on Hoatir-r debt of 1247.000.000 out of! ot -.vheat, or farm urodufts i was 26 per csul.. and ol the United j tno procecdsiof the Victory Lean Issue c- c. o of ,-rnwih in the oroducttoii of mines [St'les. approximately 55 per cent. Tho short date Indebtedness] OUIMET WILL MEET and ia In targe as it was. ft. elrtuUtioi. was at ,he closo of the year amounted to tJres n bank ?n re a" all required. Increased prices of com- j S5S.956.OGO. In addition to this the .auures. in uank j mpdmes thjlt much more money during the year BRITISH GOLF CHAMP amounted to BOSTON, May Francis Ouimct, former na- j tional open and amateur golf iliamplon, will meet Harry j Vardon, British open cliampfon, and Edward Ray. former Hrit- ish open champion, iu a match j play ivitu a partner to be set- nolicle" ropumes mcjaii iiiai uimus jt "''-I Henrv "the progress be kept in the tens of thousand W. of lie paVbV b-.it a fair indication, shop tills all over the country. f wm 6pend I the urob'en- o! toilnT and loniovrow Thi Trtmf of Prices Main estimates for. 1920-21 mav he faced witliou'" Soaiil of a sue-1 High prices In Canada were noi i 453S.U9.12S on ordinary tesVful issue Lmtde by'Canadian action alone. They and supplementary csti- tie result of the general trend mates for civil service bonus National J of commudilie; ,he 0frO. The Item of main supplementary brr Henry turned to ti-.c ovcr Todar wcrc jt estimates was still smndiiig. an "f" Vhr- lie i tuddenly to deflate Canadian credits for the fiscal year 1920-S1 estimated July 31, at the Brooklyn Coun- j j 10 _mi iar int. auojiu u jjrjajjtiob, with ibe general de-.on tho basis o! existius iry Club. Ouimet wou iho Unit- dodiictet. irom tne iro for commoiiliea that today ci-jtion and assuming that values of Cii Stales open championship f the influence on the situation for customs when ho defeated Vardon and or toe jear ,.C. j vould- be nojlible. Prices would coa- should practjcally remain the same nay after n triple tie in the deb.. Bccora.ng .o tnc leogcra ot h, h am( (he only to (he for 1919-20, should amount to [inal round at Urooklyu in finance, rlepartmenl, stood. upon the of purchasiiif power would; Including this, on hand and e. 0( Business, unosiploy-; outstanding accounts iucluding Oli; s-1 merit and loss ot production. anccs due from Great Britain, made a ected by Ouimet, on Saturday, I t 1913. -i- The investments, etc., wete: Sinkins (UMS i rl-J" CsnJ S'or. 'G. T. liaihvay Grand Truul: Hallway to banks Advances to and loan companies Housing loans lo pro- vinces Loans to farmers Imperial government. Other governments Miscellaneous...... Miscellaneous bank- ing accounts Cash............. Specie reserve Province accounts 9 and loss of production. Inflation of credit more affected the t total of In all prob-s cost ol commodities than circulation, i ability, the whole ot those accounts! SO Kvery loan for an unproductive not be collected within thei thai the government no year and would moro n'atter how successful it might be. to.curately represent the actual cash re-! scmt; Mtellt at ra-c' increased the sources for tho year. No further loan j V1 'credit inflation of the country. iought to be made, Sir Henry added. Sir Henry went on, "can In addition to the commitments! 'only safely be cured in this as in J already mentioned, certain floating; 11 OilO ftfi] otber countries, by the government j obligations matured" this year, totull-l A L r, I _ Iftn i circumstances permit it, reducing ex-; ter of finance, Total Canadian trade figures showed ad- mated. Deficits on the railway sys- vancvs in the value of production and item had been reported in the main But the fact roust not be estimates. These deficits, during the froperlT made, soma of the invest- rtc-nts could not be characterized a active investments. as indicated by tonnage carried by the jure, but witli arbitration pending, j s railroads, instead ot increasing baajit was improbable benefit of; actually decreased. (the Grand Trunk acquisition could be! Reviewing tho exchange situation, ''expected in tlie current year. It wouHI: Grand Trunk railway companies can- W cent, la the United Slates where iconstitute obligations oi the com- not be treated as active asscls. They sorae 75 per cent of the national pur- pau5- and must lie taken 'into account. arc not at tile moment realizable; fur- chases were made, .the Canadian dol- ther. no interest -is being paid, and in lar had been at a discount of from some caees the principal, as well as 2'to liii per cent. Cuticura Hair Is Usually Hack and Healthy Stilt him right'if you him lo hare thick, healthy hair through Hie. Regular shampoos with Cutkmra Soap will hb sc-ip clean and healthy. Befoie shsmpoolne touch spots of dandruff and luting, if isay, with Cuticura Ointment- 'A clean, bealthy 'scalp means good liair. 2Sc, Obtaeet 25 wd SOe. Scld Doininkni. CacailianD ri SL fit, Moolr Soap i Ladies' Ready-to-Wear Reduction Sale-Stocks are too Heavy, We Must Unload You have tlie choice of all the newest coats', spring suits, dresses, skirts, waists, kimonas, pullovers and sweaters, girls' dresses, children's reefer coats, women's rain coats and silk one week at, and below, wholesale cost. Come out now and select your requirements at a big saving. Look at These Reduc- tions on Serge arid Silk Dress Skirts .6.75 7.75 9.50 14.00 17.50 20% discount on all Women's and Misses' Coats. ?9.00 Serge or Silk Skirts reduced to................................ 510.00 Serge or Silk Skirts reduced to................................ 513.00 Serge or Silk Skirts reduced to................................ Sergs or Silk Skirts reduced Serge; .or Silk Skirts reduced some caees e pn, interest, Is overdue. As is well known, There bad been an extraordinary Canada is now the owner of the Can- increase" in imports from Lnited adian Nortbern. receiver for the Kingdom. For the month of October adian o. Gland Trunk Pacific, and steps have they for March liecn taken for the acquisition ot the the alter consuming a re- Grand Trunk. While the railways: cord. Total imports Irom the United have polential value, at the present Kingdom for the nseal year were time the fact is that the country itself tm.274.000. or Io3.000.000 greater owns the Canadian Northern and is than in 1913, and very nearly as responsible for the operation of the pressed in dollars equalling the Grand Trunk Pacific, witli resultant war. trade with the mother country, j heavv cost to the laipaver Eiporls to the United Kingdom, dur- which Vre not readily cou-'1ng the fiscal'year taUUcd vertihlc, such as the specie reserve. 000. a decrease of as com- or are not interest producing, are not pared with the previous year, lie oal-i such assets as ought to be, deducted ance of trade being {3G2 in from the gross debt. They are in- Canada's favor The i active they aro items of such a char- however, included about acter as might well be placed in a sus- for munitions and war materials., j pcnse account. At any rate, whatever Trade With U.S.; mav be the future value, however: Eiporls to the United States rlurmg. "'real it rnav be. they are not assets the year amounted lo jn.j of such a character as directly to re- creasing by while imports, from the United, Slates reached the duce the gross debt any more tbau from the United Slates reached the j the other Capita! accounts of the coun- unprecedented figure of tir ought to be deducted from II. exceeding. imports ny Debt Really This increase was all the more re-1 nllSLUIIdJIUUUO _ dme that item by and the United States. It practicable, H the item. miscellaneoUB and nankins ought to be remedied, but it cannot be arcoDuls odd. bv the sum ef S56.B32.- properly remedied by an _ artificial the cbarse against the raeanp., It will be remedied and can i Imperial government is correctly .tat-i only bo penmanen ly relieved when ed as abcrre date, beyond all question.! stsrlrai.advances to its normal posi-; there are further contra accounts ol, t-aiiada 5 ntcrchaiige of com-- the Iidperial government which will! wllli the LnltedI States re-. appro.ima.clr reduce this credit Item j lo a moro ratio j hy abonl. The remit of Rwenue Climbs to New i providing for this riontra account and L> tooq i of treating the Inactive Items as items arnl' Inflation Everywhere Sir Henry paid that In C'ana.ia. everywhere, there had been inflation in the prke of commodities, Inflation In currency and Innution in cruditp. For purposes of comparison. Sir Henry tabulated the combined note lion o( the Duinliiion Oi I he banks on March 31, 19H, pnd as on March 21. 1820, giving the gold held In each case, as'follows: Cusloms flM.OOO.MO 1'ost office Business profits war tax Income lax Other war taxation Consolidated fund ordinary expendl-' Hire for would be npproxi-. Timlfjly Tins includes interest on public debtsj i for petisioni! and Oomlnlon note circulation i Hank note circulatfnn Total 2H.C3i.102 Less Dominion notes held In central gold reserve.................................. Total....................................... Gold .held by government 100.28C.280 By banks..................................... In central gold reserve........................ Nil TuUI....................................... JtJJ Jfi Sflisllttdlpi'circuiaUos Al DOES it make a difference to have trie right hosiery on your fat? it? The Mme before and after the laundry, shape, color, softness. That's Penmans. Then to have that feeling of being well-groom- cd, bay your hosiery by name Pcnmans, N. H. go longer without darning. "Till: STANDARD lliis is your opportunity to, secure one of those fine quality Stylish Dresses at a saving you will appreciate. JCO.OO Serge or Trlcotine Dresses A'Q CH for ?50.00 Serge or Tricotiue. Dresses. 'Ofl Cfl Serge or Tricotlne'Dresses oi Pn for O l.OU English All Wool Serge Dresses no ft A ?30.00 English All Wool Serge Dresses no English All Wool Sergj Dresses OA nn for................................' 6U.UU J21VOO English All Wool Serge Drosses c nn iD.UU T 15% discount on all Women's Raincoats. 15% discount on all Children's Wash Dresses. 40 Only Georgette i d i d e me an Regular .values up Msoried sizes ond .colors on sale'; while they last at, each. 15% Discount on all Ladies' Kimonas. 10% Discount "on Women's Silk Under- wear. 15% Discount on Children'sRe e f e r Coats. SATIN AND GEORGETTE DRESSES AT A DISCOUNT OF 20 p.c. BeauUful dresses, all new, finest quality. Suitable for street or afternoon house wear. Splen- did range of sizes and colorings. SAVE 20 p.c. and buy while this sale is on. SOME OF THE HOSIERY BARGAINS iioys' lilack Ribbed Hose, all sites, 7C- 2 pairs for I OC 'Women's Black Cotton Seamless Stockings; "7C 2 pair ftr Cilrls' Fine Lisle Ribbed Stockings, -black anil wliite. pair Women's Silk Foot Stockings, black or only, pair J...1............'...... Women's Silk Hosiery, all'colors -I black. liegular ?2.00 values............ i I AG enuine Vuiearance Of All Spring Suits, Serges Tricotines and Gabardines. AU the finest garments are in this sale. Fifty suits to select from and no two alike, J45.00 down flfl itown down to 5100.00 down f I2S.CI) down 1 flA. Art J.UU.UU i JJO.OO down rg AA ?35.00 down Art to.............................. 3J.UU JSO.OO Cut clown io SUITS -Cut down fin PA 62.00 ........70.00 .75.00 It's Time for Decorating and Renovating tne Home or Oiiice This Special Sale of Window Draperies will interest you, at least it should. WE ARE GIVING A STRAIGHT 10% DISCOUNT FOR ONE WEEK ONLY, ON ALL OUR BUNGALOW NETS, MARQUISETTES, SCRIMS, CRETONNES, TAPESTRIES, VELOURS AND SHADOW CLOTH. Buy what you require for the near future and save the CO, LTD. ;