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mfldunjustbemnoonmm- bywhatmmflyamcoum hmmchommeotflhm of the mine and wommnspmadthst the mine was on fire. THE A 454 S\ 3 facts of the case were found to be that an old frame building, one of the first erections, near No. 4 shaft was on fire and it was decided to safeguard the ’nurbybufldlnpsndletthe old buildâ€" ing be razed. : Budbury Star;â€"Japan wins all her wars.. But we can‘t find that history says China ever lost a peace. Oldsmobile engineers designed these two new Oldsmobiles â€"Canadian motorists saw, compared, and, genserous in their praise, preclaimed them style leaders for 1933. Their choice, as usual, was right, for Oldsmopile is at leaii a year ahead of the that‘s important to you, for, riaturally, your Oldsmobile will be modern longerâ€"its reâ€" sale value will be _g’r.eitet. In addition to disâ€" tinctive new airâ€"stream styling, Oldsmobile offers traditional dependability, and superb performance. See these new Oldsmobiles that have captured the style show of the year. Drive them and consider what you get â€" particularly in view of Oldsmobile‘s e * 2 + ‘--’-'-----q------------. n i:"' Dome Mines and its recent development of what amounts t5 a new mine on its mm.mhmwyfifym interest in the Dome area. Ancother factor is the success being met with by .finMfioAnhememne which is an In the Domeâ€"Ankerite area another property now coming into the lmelight again is the Paymaster Congolidated Mines, Limited. ~A letter Jjust sent out by the Paymaster to shareholders : and â€" others gives the pleasing information that the recent offering of~treasury stock has brought in sufficient ftinds to liquidate the enâ€" tire. balance ofâ€" $30,000.00 â€"of old ‘note Gold and silver entered commerce .so long ago that it is impossible to tell when they became trading media. At first gold, silver and jewelled ornaments were in universal demand merely beâ€" cause ‘of their attractive appearance, This very demand gave them the vaiâ€" ue that made gold and sllver, at â€"least, the bases for the first coijns. mmrsfio A silver M m’a stym I'"' panded, althmxgh it ‘was still barter trade. Men ultimately began to exâ€" periment with ships. When they did, they met new people and trade conâ€" tinued to grow. The early ships were small and their cargo space was limited. It became the practice for merchants trading overseas to carry as currency the most valuable of their own commodities to exchange for other products. ‘These were comparatively standard for parâ€" ticular communities as, for instance, Phoenician merchants knew the noedo of each country they visited and they knew what each had ‘to offer in exâ€" At first, all trade was local and on a barter basis. The domestication of horses and camels transportation and brought many communities into With so much discussion of the gold standard and kindred subjects, and with the average man feeling ‘that his views on ‘the question are very vague, an authoritative reference by a conâ€" certn like Dun and Brogistreet, Inâ€" corporated, the noted financial and commercial experts, will be greeted with pleasure. The following is a reâ€" cent reference by Dun‘ and Bradstreet, Incorporated, to the gold standard:â€" Gold Standard, Past and Presentâ€" Originally the Gold Standard was an expedient adopted by ‘the ppinclpal trading <nations to facilitate the : setâ€" tlements arising from intemmt.iqnfl commerce. It performed this Function satisfactorily for generations and was generally regarded as a permanent and valuable institution. Yet, in the reâ€" cent past it has been abandoned as unâ€" workable by more than thirty nations. Something went wrong. A short.re= view of world economic history shows Gold Standard, Past .and Present, Noted Widelyâ€"Known Financial and Comâ€" mercial Concern Deals with Muchâ€" Discussed Subject. System ~ Worked Well in Past and â€"~â€" May Continue to Do So. E. H. Walker, Toronto, viceâ€"president; Chas. E. Cook, Stuth Porcupine, treasâ€" urer; H. D. Rothwell, Toronto, ‘R. K. Grant, Toronto, and E. L. O‘Reilly, Toâ€" ter shows the Payma.ster includes the West Dome Lake and United Mlmral Lards Corporation. The directors are: Archie S. Fuller, Toronto, pres.dent; The Faymaster hopes to resume operâ€" ations at an early date and thus to take advantage of the present favourable gold situation. The ‘plan is a publc offering of treasury stock. One of the items of particular interâ€" est in the letter to the sharenolders. of the Paymaster is as follows:â€""Reâ€" member our ‘principal group of proâ€" perties has already produced approxiâ€" mately $1,500.000.00 in gold under forâ€" mer mangagement. This group immediâ€" ately adjoins the Dome . Mines, Limited. The news we are receiving regarding the cperations at the Dome Mines conâ€" tinues to be most favourableâ€"in fact, startling as to size and richness of new ore bodies recently openéed up on new ore bodiles recenlly opened up that property." The prospectus accompanying the let- terms of the merger. Since the orâ€" ganization of Paymaster Comsolidated Mines, Limited, the officers, as a result of: unceasing efforts,â€" have liquidated and paid off a total of approximately $240,000.00 made up of obligations of former companies that were assumed undtr the merger, plus other lwbllmu. and cbligations, overhead at the mines, such as heavy taxes, fire insuranee‘ premiums on our éextensive . plants: mills, machinery, equipment, electric light and power bills, repairs mairitenâ€" ance, etc. "As a result of the accomâ€" plishment:â€"of the anove," says the letter, "Paymaster Consolidated Mines, Limitâ€" ed, is now ‘in a stronger position finâ€" ancially than it has been at any time since the organization of the company. With these old debts out of the way for ever,. it is now our plan to proceed without delay to place the company. in funds so that we can open up our proâ€" perties and get into production at ‘the earliest possible date." thligations and this indebtedness been paid off. ‘This is the last of old note cbligations assumed under $8K currencies. These currencies had dropâ€" vodlndenutermswbenthelrgov- our forâ€" ment of gold on the price level is quesâ€" tion of currency. In the United Staâ€" -tesith'e reserve ‘was 40 per cent. This was arrived at in the same way that the banker arrived at his reserve: on the theory that never more than a part of the currency would be. offered for rédemption at any one time. As time passed, and people grew to nave explicit confidence in the integrity of the government, presentations for reâ€" demption became neligible. Gold was requested then only for gifts at the holiday season and for export in interâ€" national <settlements. . Gold Standard Served Well For many years prior to the World War the course of international trade was smooth. Settlements were made when necessary, by shipment of gold and currencies, or foreign exchange tehded to keep foreign exchange rates from fluctuating beyond an extremely nadw range. â€"At the outbreak of the war ‘the Gold standard was suspended to conserve m After the end Oof the war the na.t?m was resumed by the but so much had hap-] ln the interval that the old] ‘eoiflfortable equilibrium was not resâ€" tored. In fact a definitely unbalanced ondition existed and this grew steadily ‘orse, forcing nation after nation off gold in the years that followed. Fereign Position Bettered The immediate effect was to place the dolhronmore even terms with foreign \ 1t 16 impossible to date these imâ€" prdvements because : they â€" occurred slowly over a long period of time. One was the general recognition that coinâ€" age was jproperly a function of the ‘state,. another was the issuance of paâ€" ~per: currency and a third was the isâ€" ~suance by <the individual govémments stanagard currency idefinitely reâ€" lated to gold andâ€" redeemable in gold in‘a fixed ratio or, in other words, the adoption of the Gold Standard. ~EBach nation that adopted the Gold -Standa.rd decided upon the fine gol¢ contert of ‘its currency unit. The ta.ble Equivalents of World Curâ€" tencies” shows the fine gold content of . mh of 35 principal currencles prior to the‘ genera.l suspension of gold payâ€" ments. The par of each cturrency in United States dollars is also shown. This par is determined by the relaâ€" tionship of the fine gold content of each currency to the fine gold content of ‘the dollar; That is, the par of the pound sterling of Gréeat Britain repâ€" resents $4.87 in our currency simpiy because 7.32 the number of fine gold grainsinmepound,isw?timesls which is the number of fine gold grains in the dollar. The relationship beâ€" tween‘any two other currencles is calâ€" culated in precisely the same way. _ In addition to deciding the gold conâ€" tent of the currency unit, each governâ€" ment adopted a minimum gold reserve to be maintained ‘against the redempâ€" sourcity and more attractive appearâ€" arime yold ‘came to be regarded as mre valuable than silver and to become the principal | exchange Wealth was reckoned in gold, settlements were Wbyaaldandthepmmmxpow er ‘of ‘gold extended not only to all C)Â¥ilized nattons ‘but to all barbarlan nfiuonduwen Constant {viligance . was the price of ‘a ~store of gold. There was always ‘aanger. of it‘ being stolen or sunk with ‘ship. ‘It was only safe in a well gnd key.‘ ‘The banker was not long in disâ€" coveéring that only a small percentage oA his deposits were likely ever to be demanded at any one time. â€" Accordingâ€" ly, he kKept this percentage, or a trifie over for safety, always on hand. The â€"~FTrade Methods Improved Steadily ~At this stage international trade was still awkward. Gold shipments were frequent, losses were heavy, there was ‘confusion of coinage, practically all of which was |metalli¢, and credit and bnnkmg were ‘in their infancy. In avite of these handicaps trade expanâ€" ded rapidly and, as it developed, comâ€" mercial methods improved. ‘ship. ‘It was only safe in a well gum'ded, strong: room. ‘The average merchant did not posâ€" mm a place, a fact which led the few who did to found banks. This was done ~at: fAirst very casually. A man who had ‘ia strong, solidly built house, which had one or two secure rovms, arnid" servants to guard them, would offer to take gold deposits. There were receipted and kept safely under lock batance he loaned atâ€"interest which was the origin of bank credit and the .â€"â€"‘Gold Value Always High Ammtly because of its | relative Onâ€"the other hand, is there Anythinig in the record »of. gold under normal conditions to indicate tha:t, it is not ‘an centirely ~ rpractieal Ini;emational Standard?‘ Ds - Simcoe Reformer: -â€"The depression is very bad here in Simcoe Many people cannot ‘go .to the: slww They ‘can‘t get in. > syst.em ls buikhing up trouble ina that it is developing an attitude of mind that causedâ€" people to: exp°ct the State" to support .them. deny the doctrme that. t.he state owes any man, : nving " hne: said ‘in an address toâ€"A S*b. ‘ho sewjoe selup the other day. “The statbe owes every man the. opportunity: to. nevelqp the resources and to prqt.ect ‘him so ‘long as he. remains . , good law-a‘bidlng «Cl= tizen, but I. com.end bhatr evex:y man owes himself ; a Hving. W,he.b .kmd ‘of a â€"race will we: have if" we;vbreed in them the iden that they arernogt:resâ€" ponsible for 'themselvw that the comâ€" munity or the ; ‘state_ will : fook â€"after them?. We will have:a. race . thi t will not be‘ worth a \damn.. I .was taught" to 1ook after myself from bothOd and that is: what. is needed‘ ;tO-dd.y We must get the idea out of. ‘the mlnds of our unemployed tha.t the stwte owes them a living." _ Says That Every Citizen _ Owes Himself a Living Hon. . Doherty, mlnister of agriculture in the Drury Govermnent who. has now retired from‘ npublicr lifé; takes the" view thht the present«. relief Our â€"prices are, rising: now and*thoy may well continue: to do §0. this is due to a> feeling of reltef and imâ€" proved confidence â€"and to the: general belief that our price level will:beâ€"raised to, and at, a~higher levelâ€"not to the simple fact of our havlng lefl. the Gold: Standard. Conditions Forced Suspenslons So much for the Gold Standard and for the apparent :immediate upon‘ ourselves of its abandonment. Is it any wonder ‘that ‘the ‘governâ€" ments of the world,â€"faced by steadily more adverse: trade: conditions, unbalâ€" anced debt relationships and a: contenâ€" tration of gold" in ‘the hands of two nations, shauld‘ have been. forced to suspend gold payments? | The Ccrux ‘of the: matte.r is rprabably in . Mr; Dohedty‘s . remark that “every man owes himselfâ€"a living 93 ticnable. Ithgemnnyomudedflut â€"at no extra cost. NEVER before have so many people been changing over to Firestone Tires. They know that they can buy Firestones with full confidence : of ~getting . the most mileage for the least amount of money, for only in Firestone tires can you get all these extra valuesâ€" that give 25 to 40%, longer tire life ONLY FIRESTONE gives you all these ________ EXTRA VALUES © / North Bay 6.Eiki â€" TIMMINS steps of the town. cash > about $1: worth of postage stamps. He severed : <telephone wires before he left." Gore. Bay Recorder:â€"The door bell ungs and you are confronted by the person who states: "We don‘t sell through the stores!" No, and don‘t pay taxes, insurance, rent, interest on borrowed money, wages: to cletks or cash to anyone in the community, but The Northern News last week says:â€" "Dan McIsaac, about 29, of Kirkland Lake, was brought back from Timmins this week and booked at the Teck Township â€"police staticon on a robbery with violence chargs arising out of the holdâ€"up of T. J. Gordon, at the Mcâ€" Collâ€"Frontenae ollâ€"station here on the early morning of June 6. Mclsaac was arrested in Timmins at the request of Ohief of Poli¢eâ€"Shane on Monday, and Gordon isâ€" reported by police to have ldéntified him as the man who held him up with a gun and floored him with a blow.. As Gordon lay unconsâ€" clous the intruder escaped with $69 ARRESTED AT TIMMINS LAYT WEEK FOR KIRKLAND POLICE ‘How . much better than dosing yourself with patent medicines. Two tablespoonfuls of Arntmâ€"Braxn daily are usually sufficient. With each meal in chronic cases. If not reâ€" lieved this way, see your, doctor. Get the redâ€"andâ€"green package at your grocer‘s. Made by Kellogg in ~The "bulk" in Arrâ€"BRAN is much like that of leafy vegetables. Withâ€" in the body, it forms a soft mass. Gently, it clears out the intestinal wastes.â€" London, Ontario. DON‘T LET COMMON CONSTIPATION DULL THE JOY OF LIVING â€" â€"Constipation : takes â€"theâ€"sunshine out of your days. It may bring headâ€" aches, loss of appetite and energy, sleeplessness, sallow skins, pimples. If neglected, it â€"can seriously impair Fortunately, you can avoid this condition by eating a delicious ceâ€" real. Laboratory tests show that ;Kellogg’s ArLâ€"BRAN provides two things needed to overcome common constipation : “bull’{” and vitamin B. ALLeBRAN is allo a rich source of bloodâ€"building iron. Kellogg‘s ALLâ€"BRAN Brings Relief ‘s aA thriving business on the‘ doorâ€" _ Balanced Construction Gum â€"Dipped Cords Two Extra Cord Plies Nonâ€"skid