07 Jul 1933
Page 1
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This newspaper page contains 7 articles. Subscribers can read the full text of each article.
Newspaper
Medicine Hat News
Location
Medicine Hat, Alberta, Canada
Date
Jul 07, 1933
Page
1
The article argues that higher taxes reduce revenue per the diminishing returns law and suggests solutions include boosting trade, increasing purchasing power for the needy, and redistributing wealth to achieve a balanced budget. It emphasizes immediate action over further deflation.
The Toronto Star argues that hundreds of governments have raised import barriers and fines that prevent exports. No government can project a single export while blocking imports. Only by ending boycotts and restoring the flow of trade can a nation regain reciprocal access.
The Prince Albert Herald notes the London talks may fail yet economic momentum remains strong. Private discussions between nations help ease tensions with Great Britain and Russia, and the United States exploits opportunities to open Russian markets, suggesting forthcoming gains despite limited formal outcomes.
The Montreal Gazette Cons favors public works as a cure for unemployment arguing work beats doles and direct relief can fill urgent needs. The Edmonton Bulletin warns relief money must be borrowed or issued, while Saskatoon Star Phoenix notes potential projects are immediately useful, with many long overdue.
German plans reveal the LZ-129, a 812 foot long airship 134 feet wide with a double-deck gondola and cabins for fifty. It will cruise at 80 to 90 mph and surpass Graf Zeppelin in length and width. Experts warn lightning risks and high costs may push aerial navigation toward other paths.
Ottawa Citizen argues retrenchment not inevitable and suggests Canada could use a real credit account and public works to boost employment. Edmonton Bulletin notes Bennett could have started easy money and public works programs in three years without a world conference. Toronto Sun cites May revenues at 45.6 million vs 56 million last year as taxes rise.
A physician explains that a “highly-strung” personality and chronic stress predispose some people to peptic ulcers. Rest, physical calm, and avoiding overwork can prevent recurrence, while resumed strenuous effort often triggers symptoms and may require surgery.
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