Ontario Community Newspapers

Porcupine Advance, 4 Feb 1935, 1, p. 8

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There are many who are specially interested in the decision to be handed down by the Supreme Court of the United States and are anxious as to the effects of the decision when made. There is a possibility that the decision may be given out toâ€"day. In connecâ€" tion with the matter The Northern Miner‘s leading editorial last week takes up the question involved and covers the matter so ably that the editorial is givâ€" en herewith fer the benefit of readers of The Advance. "One would suppose, looking at reâ€" cent quotations for gold mining shares, that the only market for Canadianâ€" mined gold is the United Staites, and that the market is in grave danger of disappearing. "The facts of the gold situatioOn imâ€" pressively point out: "That a market of approximately $35 an ounce will continue for Canadianâ€" mined gold and that there is good probâ€" ability of this price increasing this year. Long before the United States fixed its price at $35 an ounce, Canada was sellâ€" mg gold regularly on the British marâ€" ket at $30â€"$31 an ounce. This was 18 months ago. Since that time we have sold gold on the London market at $35 an ounce, at times when exchange made it favourable for us to sell there rather than to the States. wl iB n B o e P w B B a e e a B a e a t w B a S B B a P e e o n B Bc B B B a 20 0 0 e Te a h Te a Sn a a hn a Sn oi e uce Advises Holding of Shares Gold Stocks Irrespective of Court Deciâ€" sion, Gold will be at High Levels. Advice to Study the Situation and Act ~â€" Logically. The Goldfields Drug Store fills Howard‘s Kidney Tonic uip. Sold in Tiinimins at the .| .MJA L c oc io. aJ€ IRON AND YEAST 1 all prescriptions with the | Takes the pain out of the back, | Goldfields Drug Co., in Schuâ€" balts ues 19¢ TABLETS ] Purest of Drugs. Three graâ€" | strengthens the kidneys and | macherat Wilson‘s, in South | Jad Salte is ifi on 59¢ | Large size, a great blood puriâ€" 1 duate chemists at your service | ‘bladder, price ....;............... $1.00 Porcupine at Pearce’s. Kruschen 69c fier, Special Ts c 69¢€ ~â€"= ote abe abe ate obe abe obe ob nb sb abe n e abn abeate abe ate abe abe abe ob nb abe sn abe abe atn nb nb nb 420000084 ate s3 e 20 020 430 020 000 030000 400 030 030 00000000 a30 000 000 000 030 30 abe sb abe 040 abn abe abn abe abe abn abe abe ate abn abe abe sb sb sb ab0 sb oo abn on a atn abe ate ob abe abe ate ate abe abe ats ahe obe abe ob ob e ato abe abe abe abe abe abe ahe ob abe 030 820 00 # . . ‘The price of gold in London Of ap for. Bronchitis, Coughs and Colds, Miners‘ Cough, Sore Throat. It stops a cough quicker than others. T ricar..;..}" .lsc 50c PRESCRIPTIONS The Goldfields Drug Store fills all prescriptions with the Purest of Drugos. Three graâ€" DJIVCIUPCD, CAAA A NU L s e ow e se e ko e on k6 +s tad *# A. Pond‘s Creams .x. s ns is 29¢ Chocolate Bars, 2 for ...;...... b¢ Wrigley‘s Gum, 3 for .......... 10¢ KIDNEY TROUBLE Howard‘s Kidney Tonic Takes the pain out of the back, streneothens the kidnevs and For the Blood Kidneys Stomach Liver Rheumatism and all Nerve Troubles Never Die Tonic will build you up. Sold in Timmins at the Goldfields Drug Co., in Schuâ€" macher a4t Wilson‘s in South Caleiuin Nsivogen SPECIALS West‘s Tooth Brush ............ 29%¢ Williams‘ FTooth Paste:........ 18c CgstorIa 29¢ Salits 79¢ Jad ... u0 59c for. Bronchitis, Coughs and Colds, Miners‘ Cough, Sore Throat. It stops a cough quicker than others. T P i2 se is id 50c Hot Water Bottles, two quart. Guaranteed two years, regular $1.25, special Electric Heating Pads, 3â€"way switch, regular $8.75. Special ........... dA Electric Heating Pads, 3â€"way switch, regular $6.95. Special ........................}... Hospital Cotton, a very fine quality. One pound rolls. Special .............0 32 oz. bottles 16 oz. bottles The Porcupine Advance Phone 26 Timn ATTENTION / MRCS. HOMEMAKER/ Blue Seal Brand Pure Norwegian, Vitamin tested _ "ae m ve m P P ) MCIC coLDd cat® BATH TABLET China consists of Cups and Saucers, Plates and Small 32â€"piece Tea Sets THE GOLDFIELDS DRUG CO. LIMITED, Wholesale and Retail Chemists COD LIVER OTL Specials in Drugs and Drug Sundries Tuesday, Wednesday and Thursday proximately 142s. an ounce, or $35 Canâ€" ada, represents British devaluation of British money. Would any sensible person argue that because the United States, ‘by reason of a mere legal deâ€" cision on bond contracts, must retreat from its monetary position, Great Briâ€" tain must do so also? Would Great Britain, withOout lifting a hand to help itself, see all its trade and recovery adâ€" vantages tossed away by reason of an Américan court decision? The idea is ridiculous. It is also to presume that the United States will fundamentally, alter its monetary policy. As we have pointed out in previous editorials, a reâ€" treat from ‘the 59â€"cent dollar, or $35 gold, would plunge down wheat marâ€" kets, cotton markets, wage levels, to say nothing of security prices. The United States government will stand by its monetary policy. If there should be a Supreme Court verdict adverse to it, cur opinion is that the administration would promptly "plug the gap" by the necessary announcements and enactâ€" ments. "And we are not so sure that the Supreme Court findings, when they come, will be adverse to the adminisâ€" tration‘s monetary plans. Of course, legal decisions are often made upon litâ€" tle quirks in law, upon fine minutiae, but the constitution very plainly gives Congress authority to "coin money and regulate the value thereof," and there are several precedents in Supreme Court case history which intimate that the legality of Congressional action, and efforts, in devaluing the dollar and in raising the price of gold will be upâ€" held. In any case it may well be that, whether the verdict is favourable or unâ€" favourable, fright will have done its worst ibefore the day of judgment. "It has been the duty and responâ€" sibility of The Northern Miner upon other cccasions to warn people against 98¢ 49¢ For chapped hands, makes the skin soft and velvety. e 19¢ Five pound tin of Bath Salts Ferfumed, special .............:.. 79¢ Writing Pad and package of Envelopes, all for ............... 20¢ Pond‘s Creams 29¢ Chocolate Bars, 2 for ....;...... 516 Wrigley‘s Gum, 3 for .......... 10¢ COsSMETIC BALM Clearing to make room for our new stock just arriving iimmins "In Canada we know that the public debt has expanded almost yearly since the war, and enlarges a million or two a week through the call for public reâ€" lief and through the plight in which the national railway finds itself. What is proceeding federally is proceeding throughout the land, the provinces, the cities and the hamlets. What we can so plainly see in Canada, we who read can see proceeding throughout the world. Debts do not diminish; they grow mightily. Devaluation of monies was immeant to put more money units into circulation, so that debts could be wiped away and mankind given freeâ€" dom to build a better world. It may be that the process will have to continue another five years, perhaps ten, for there is reluctance to take the long strides that would soon carry countries to their objectives. making sure of its foundations before erecting a higher edifice? "LOoking back throughout the past year we find in virtually all countries, with the possible exception of Great Britain, a rising amount of debt. Lookâ€" ing forward we see ahead of us ncthing but a year Of still increasing burden. Here and there private individuals and organizations have managed by the putting forth of strenous effort to bring themselves into or nearer a state Oof solvency, ‘but such parties find that what they have accumulated scarcely meets the new demands upon them of the taxâ€"gatherers. Social legislation proceeds apace, calling for more money. This is a world revolution, not just a depression. selling the shares of good gold mines One notable occasion was September, 1931, when Great Britain departed from the gold standard and gold stocks tumbled in a panicky rush. There seemed to be few on this continent able to read the true significance of Britain‘s move. The Northern Miner then loudâ€" ly called for the exercise of good comâ€" mon horsesense. It urged people not to sell their stocks. It told them that gold was going higher. It spoke aimost with a lone voice in a babble of frightâ€" ened scaremongers. There have been occasions since when it has been necesâ€" sary to steady public thought in relaâ€" tion to gold. People are better eduâ€" cated tcday on gold and money matters, yet there are some who imagine that gold is going all the way back to $20.67 an ounce in the United States and all over the world. It is necessary again to assert that gold is not going to go back in price, but it is not necessary to shout the message because people know better today about such things. better today about such things. "How do we know that the cases which the Supreme Court justices are ncw considering were not inspired for the purpose of getting a ruling on the legal aspects of the American monetary policy? A man building a house exâ€" amines its foundations, to make sure that they are sound, before completing the walls and structure. [How do we know that the United States is not A Great Tonic, Purely Herbal has no equal The Indian Herb Tonic NEVER DIF THE PORCUPINE ADVANCE, TIMMINS, ONTARIO Report of District C.A.S. Superintendent for January adoption ... ced Office interviews .............. es Interviews out of office Complaints recelved :........................ Investigations made ................... Children involved ... Mailâ€" received Mail sent out . Children in shelter in Children boarding out Court attendance ...,. Juvenile Court cases R C Mileage traveled ........ o Wards heard from .. Wards yvisited ............ Official warnings given . Children placed in foster homes Meeting addressed ......._. Children admitted to shelter (not Toronto Globe:â€"Dillinger‘s Chicago lawyer has been acquitted of a charge of harboring the dead outlaw, the judge finding that it was not his duty to hand over Dillinger to the police. The theory probably is that the guiltier a man is the more he is entitled to have the serâ€" vices of a lawyer. The following is the report of the local superintendent, A, G. Carson, for the month of January in regard to the work of the District of Cochrane Childâ€" rens Aid Society:â€" Applications for children for Ontario and Quebee Proâ€" vinces Plan to Coâ€"operate to Stabilize the Pulp and Paper Industries. Stop Priceâ€"Cutting for Pulp and Paper While it is not the intention of either Quebec or Ontario to fix the price per ton at which the product may be sold, they will indirectly have this privilege by cancelling the leases of companies which sell below a certain level, offiâ€" cials say. wards) ... Cases under Unmarried Parent,s Ac Children given assistance in their own homes ... A * According to advices from Ontario will join with Quebec at this session of legislature to eliminate price cutting in the pulp and paper industry, and if possible boost prices. The Ontario government is contemâ€" plating an early reduction in its price of pulpwood as an inducement to get men to work, Premier Hepburn anâ€" nounced, and this statement was enâ€" larged upon by Hon. Peter Heenan. "The ruthless cutting of prices killed the pulp and paper industry in this ccuntry," Mr. Heenan said. "The Queâ€" bec and Ontario gvernments are going to stop that. Many companies have been driven into bankruptcy and othetr‘s would follsw if the price cutting was allowed to go on any farther. "At the present time the Quebec govâ€" ernment has no legislation whatever which permits it to step in and check priceâ€"cutting. In Ontario our act only permits us to do anything by holding a gun against the heads of the comâ€" pany," said Mr. Heenan. The prices of pulpwsod will likely re main the same until Quebec and Onâ€" tario have Jhad the opportunity of amending their statutes. This will likely take the form of permitting the cabinet to cancel the license of any ccmpany which cuts the price. "The Act is going to be amended to permit the two governments to act jointly in checking thls ruinous comâ€" petition." ...69¢ $6.19 $4.135 Irradol A. ...... Alphamettes Ostogen, 6ce Viosterol ....... Haliver Oil .. Kepler‘s Malt Kondremul .. Calcium A ... Livogen ........ After a Few Applications of the New Hair Tonic DAÂ¥ NDE M 453 11 The Scientific Dandruff Remover Advice in Regard to the Gold Situation There is sound sense in the advice at ‘he present moment given by The Norâ€" thern Miner. The Miner heads its adâ€" vice, "Don‘t Stampede!" and that is a good heading. The following is the article by The Northern Miner:â€" There is a definite campaign of proâ€" paganda against gold and its price at the moment. Fresh material has been supplied by the "gold clause" cases beâ€" fore the Suprems Court of United States, decision on which is pending. Our advice to readers is to take the situation calmly. In the event of an adverse decision there may be a short flurry in gold shares, when nervous or urinformed or misinformed shareholdâ€" al The New Home of the Mutual Lifeâ€"The Porcupine Advance Building. The Mutual Life Assurance Co., of Canada Announce the Porcupine Advance Building Removal of their Offices ... 0C S $2.25 $1.50 $2,00 $1.00 65¢ IRON AND YEAST TABLETS Large size, a great blood puriâ€" fier, Speud] ........................ 69¢ PIMPLES AND BLACKâ€" HEADS Removed overnight with Compound Sulphur Lotion Make the skin clear and beauâ€" tiful. Sole agents. 23 Fourth Avenue, Timmins SPECIAL AGENTS for Elizabeth Arden‘s Barbara Gould Helena Rubenstein‘s Woodbury‘s and Rexall Toilet Articles to the Second Floor of the RustustnatnaPnataatactaates teate To alea oo ns ho +4 ers may do alittle dumping. But noâ€" thing is more certain than an immeâ€" diate announcement from Washington of measures to counteract the decision. If necessary a moratcrium on gold payâ€" ments against gold clause bonds may result. Other lines of action are opin to the American administration. Actually, this temporary setback in the American programme of commoâ€" dity price advances may, when removed, encourage the administration to put into full effect its 50 p.c. devaluation mandate. Gold may rise in price. Those who might have been induced to sell on the scare would then look doubly foolish. It should be borne in mind that there is an clement in the market that would thelr â€" §000U Clause" cast Where ther knowledge, fear is wha on. If the ho will stop to held remar} is in the m a major d would have ago, they w to the cour: pressure 0 there may / Sioux â€" P Black is S1 be highly delighted to have peop‘le dumpat her home Indigestion Heartburn and Gas That distressing feeling in the pit of the stomach after eating Removes it all. You will be able to eat all sorts of things after taking Howard‘s Stoâ€" mach Remedy, price One dollar A remarkable tablet for Headâ€" aches, Rheumatism, Sciatica, Toothache, Monthly Pains. There is no pain that Noxâ€"oâ€" There is no pain that NOXâ€"Oâ€" Pain Tablets won‘t kill. Why do you suffer with pain. Noxâ€" aâ€"Pain Tablets do not contain Aspirin. For sale at the Goldâ€" fields Drug Store and Wilson‘s Drug Store, Schumacher, and Pearce‘s Store, South Poreuâ€" pine. [ sPeateafect ts af es c oo t Howard‘s Stomach Remedy Constipation Bedtime Pills Branch Manager their good gold stocks, The "Gold Clause" cases suit their bock splendidly. Where there is uncertainty and lack of knowledge, fear is readily created and fear is what the bear element thrives on. If the holder of gold mining shares will stop to think that these stocks have held remarkably well when all business is in the midst of uncertainties, that if a major disaster were likely selling would have begun, from the top, long ago, they will get some reassuranct as to the course of the future. When the pressure of uncertainty is removed, there may be an upward reaction, Sioux ® Falls~ (S.D.)â€" Black is suffering from complications MONDAY, FEBRUARY 4TH, 1935 U

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