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i THE DAILY BRITISH WHIG X MONDAY, APRIL 20, 1025. wha Deity snd Semiweskiy bf LIMITED, KINGSTON, ONT. DIGGING UP THE PAST. The press dispatches keep us in- formed of glowing success in arch- aeological exploration in Mesopo- tamia, Algeria and Egypt. The his- tory of peoples long buried beneath desert sands is being uncovered and made to tell the story of a civiliza- tion that was old when Pharoah's daughter took the infant Moses to Ler bosom. As the hardshell utili- tarian reads of these triumphs, be will scoff at what be regards as waste of money. "What good will it do?" he asks. From the monetary or economic point of view it is doubtful if the un- covering of ancient cities and tombs will be of any benefit to mankind. But the making of money is not the aim of every human being, -ihank God. There are still men and women in this somewhat practical old world who want to add to the store of knowledge. They want to know about the people who cradled the civilization handed down /to us im this money-grubbing age. They want 3013( to trace the ascent of man, and to { year, by mail, your, to United States ... "OF -TOWN REPRESENTATIVES: , Calder, 33 St. Johm St, Montreal. s W. Thompson, 100 Kiag Street, W,, Toronto Letters to the Editor sre published only over the actual name of the writer, Attached is ome of the best job printing offices In Canads. The circulation of THE BRITISH Ancient saying: 'Pappa, give me 2 peony." ---------- You can't keep a good man down in the mouth. Modern life is just one blamed in- stallment after another, The moon makes a single man see things in a different light. A pedestrian on the sidewalk worth two of them in the street. is Civilization: Laboring to produced wealth; spending it to adorn the lad- feos. ------ Man's inhumanity to man makes business brisk for manufacturers of flocking devices. Boob: A fortunate individual who has in prospect all the thrills you once could enjoy. Men are more romantic; very few women love men who can't feed them and clothe them. Another thing needed is a wind- shield glass better adapted to ex temporaneous diving. Still, fishing would be a bore it you got sixty cents an hour for sit. ting on a creek bank. If you know nothing and won't learn, you can get by in a shallow ¥ rid by saying "Blah." As his waistline and income e3- pand, his cries for liberty gradually simmer down to a purr. Never concede that a map is & convincing speaker until you hear kim try it on a traffic cop. If you can't atford early straw. Berries, you can at least find straw with about the same flavor, Rake: A naughty man; alse an fmplement that leaves benedicts lit tle time to be naughty, Scientists say there is no such thing as & complete vacuum, but they've never cut into a swelled head. An officlency axpert is a man who makes a chart and a blue print . before adding two and two, In an imperfect world you must meot some fools. Pray that they may 'not be behind steering wheels. Correct this sentence: "He has| never done anything wrong," sald the man, "but he is very tolerant." A boy tells us he hates school in "spring. He says the points look like baseball bats to him. > re Tema whom sou Sox § movie Tou do that they must find out what he aid, what he thought, how he work- ed, what he knew, what he wrote, how he lived and what were his as- pirations in centuries long past. Scholarship craves the light of his- tory, and in those dim old tombs of Asia and Africa, and beneath the sand blown by the winds of centur- jes there lies the illuminating story of human beginnings and develop- ments. Wa should all want to know that story, and therefore we are not going to listen to the man who wants all values reckoned in terms of dollars or dividends. For that reason we shall continue to look for the frequent dispatches from Mes- opotamia and other lands, and hope /they will thrill us with fresh and stimulating discoveries. THE WHEAT BUBBLE. We may all feel sorry for the speculators who lost in the recemt violent downward swings of the wheat markets in Winnipeg and Chicago, and sorrier still for our western grain growers who had so little to sell while the price of their staple product was high. Nothing that has happened, however, has in any way affected the fundamentals which will fix the price of next sum-« mer"s wheat crop. Those fundamen~ tals attach to supply and demand. Meanwhile, the April bulletin of the National City Bank, of New York, tells us of the methods which ob- tained in both the rise and fall of the speculative wheat market on the grain exchanges, as follows: "A rising market creates cons, stantly widening interest and a speculators, whose purchases tend to carry it higher. Most of this buying is done on margins, and fit is usually the case that the longer the rise continues the narrpwer the margins become. Profits are made the basis of further pur- chases, until a pyramid of hold- ings is built up on a small origi- pal investment, In short, the crowd that is following a rising market, whether the holdings are grain, stocks, oil, town lots or farming lands, tends to get all of its resources up in options or margins, spreading its capital out as thin as possible in order to co- ver the largest amount of the property which is expected to go on rising. It is a very easy way of making money while the rise continues, but just as easy a way of losing money when the end of the upward movement comes, which is only a question of time." In such a process it is obvious that the losses must always balance the gains. The curious thing in the whole matter is the Jure which such » mad gamble presents to minds or- dinarily sober and cautious; for it is now quite clear that the real spe- culators were not members of the grain exchanges but their outside clients. The men who operate in fu- tures on the basis of Information carefully gathered and weighed sel- dom speculate. The element of gambling is contributed by men an® These plungers In the dark are poor patriots. In their greed for unearned profits, they are willing te do a thing which disturbs and often harms the great pastoral industry of the country. To the extent some of them win, they give encou- i}: iP i in Parliament who have been blunt | enough and rude enough to suggest that they are precisely the two things about which they know the least. Mr. Irvine has convinced himself, and probably his credulous associ- ates, that we have been all wrong in borrowing money by issuing bonds. The disadvantage In the case of bonds arises out of the fact that in- terest has to be paid on principal, and ultimately the principal itself has to be paid. He has found a way by which the government can get the money, pay no interest, and at the same time not owe anybody. Surely here is magic. In our blind and clumsy way we have gone ahead and piled up a huge puplic debt, while all the time the money could have been had by simply reaching up and taking it out of the air, } The wonderful thing about this money, got out of the surrounding atmosphere, is that it is absolutely free. There is no interest to be paid. Listen to Mr. Irvine tell about it: "At present the government hands the credit of the country over to financiers and borrows fit back at a high rate of interest. Our interest account to-day amounts to nearly $200,000,000, which is more than comes in by the tariff. The government can save that much by proper financ- ing. Let them begin by financing next year the $400,000,000 or so that is required to meet current expenditure by {issuing that amount on the strength of the na- tional credit, instead of borrowing it from New York or some other place. Having issued such credit instruments as may be required, they could balance the account at the end of the year by taxing to the extent of the amount issued." Mr. Irvine may himself under- stand what he means by the prescrip- tion, but nebody unfamiliar with the occult could possibly do so, In the first place, his major premise is wholly imaginary. A government does not hand over its credit to fin- anciers and then borrow it back at a high rate of interest. And as for financing next year's public efpendi- tures by issuing notes of credit, let any one in his senses try to explain In what essential respect that would be different from selling a bond. Some sort of negotiable instrument would have to be used, and people with money could only be induced to purchase such instruments on their interest bearing value. As a mat- ter of fact, 'however, a government does not have to finance the year's expenditure. The money comes in through taxation channels, Inflow tracts an increasing mumber oftand outgo are balanced in that way. If they are not balanced, then, quite clearly, the government has to bor- row to the extent of thé shortage. Sir Henry Drayton, ex-minister of finance, was among the two hundred odd stupid men in Parliament who thought Mr. Irvine was telling a fairy story, and so he wanted to know what would become of these instruments of credit for $400,000,- 000. Mr. Irvine smilingly told him "they would be put in the waste paper basket after you had taxed them in, and you would issue a new $400,000,000," A sort of monetary merry-go-round, it would seem. But why go to all that trouble? What pays the bill is the tax money com- ing In, and Mr. Irvine's fanciful plan would not alter the situation to the extent of a single pegny. It should perhaps that Mr. Irvine never been a financier. He. f acher before Karl Marx turned him {nto a radical without & pulpit. Whit he has in the back of his head is the Soviet idea of an Irredeemable currency, which is nothing Jess than fiat money, The only drawback to money of that kind is that nobody would want it, since it has no gold behind it and would therefore be worthless. But the school to which Mr. Irvine and his associates belong persists in the belief that a nation may do understood could be made to work? tainly did not work in Russia. i iy gE i | : i they are deplorable; but it would be exceedingly difficult, it not quite im- possible, to make out a case in that regard against Canadian papers in general. On the other hand, the average reader insists that his paper shall supply him with current news, and particularly that class of news which has the power to startle and rivet attention. There are, of course, in all large communities, border, at least one newspaper which gives prominence to crime and news of a prurient type. They bulk small, however, in the whole fleld of jour- nalism. The great majority of news- papers simply give deeds of crime their place value in the dally record of events. They could not do other- wise and be a faithful mirror of the passing show. In other words, they cannot claim to give the news and then only give part of it. however, among all self-respecting newspapers a policy which limits the news to "that's fit to print." Shock- ing or salacious detalls are always by such journals omitted. That Body of Pours The Chemistry of Your Body. One of our food specialists is giv- ing us very timel yadvice on the im- portance of the minerals in the food. He points out that of the fifteen es- sential chemical elements entering into the composition of the body, that ten of them ure mineral ele- ments, each with its own special work to do, work that cannot be properly dome by any of the other elements, The trouble is that unless we, or our children, have some definite ail- ment known to be due to lack of minerals in the food, we do not con- cern ourselves much about our diet. This very deficiency may make fit easier for us to piék up some other been lowered. Another factor entering into it, is that the chemistry of one body is 80 different from that of another, that the same food gets handled dif- ferently after it is eaten. Just as some forms of metals will get, or recover a higher percentage of the metal from the same ore, similarly one body can body. especially across the | There fis, || ailment, because our rekistance has | [i= refining absorb more from a given amount (| of the same food, than can another ||} SPECIAL ! cls. Special at-- $27.50 BIBBY'S -- DRESS WELL AND SUCCEED 50 YOUNG MEN'S SUITS Tailored in the very latest models and new- est fabrics and weaves. Sizes 35 to 40. *18.50 -- See Our Big $4.50 Hat Special THE DAN DOBBS -- THE NEW GREY, SPECIAL! gent models. Special at $34.00 BIBBY'S Worsted SPECIAL ! 2 TROUSER SUITS| 2 TROUSER SUITS| Men's and Young Blue Herringbone Wovsteds -- | In genuine, all wool ,English Men's and Young Men's mod-| Tweeds in the Dover and Re- A genuine English' Oravenette at v Men's Top Coats Special $18.50 Kingston's One Price Clothing House TO THE DISGRIMINAT- ING PUBLIC: We offer a splendid selec- tion of the better class of mem-~ orials in Granite, Marble and Bronze. Our Special Design Depart- ment is at the service of those wishing memorials of original and individual type. This ser- Why? the care and thought one gives to, his body. | This would mean that although the idea of calories--heat value of food--is excellent in its way, just how much of any particular food is really digested by any particular body can only be surmised, Although minerals---iron, Hime, | potassium, sodoum, and so forth, are! of the utmost importance to the' tial to the adult, as many of the structures aside from the bones, need them. The idea then of a well mixed daily diet, which has come down to us through past centuries, is still the correct one. Thus sugar and flour, which are excellent as heat and endrgy pro- ducers are just a little short on min- erals. Green vegetables are rich in lime and iron, but are short in sodium. This is why it is the most natural thing in the world to want to use a little salt--sodium chloride--on your vegetables. In regard to cereals, they are rich in proteids which are good builders or répairers, but they need a little more {ron ip them. So your growing child _should Well, it may be due to some in- ll herited qualities, or it may be due to | iH growing child, they are also essen- vice is second to none in On- i] tario and is without extra cost. I] May we help you plan your memorial. ! | Write for booklets. | - . | The | McCallum Granite I Co. Limited 895-3907 Princess Street, KINGSTON | Telephone 1931. have milk, vegetables, and fruit, and you can't do much better than use these also ,with some meat or eggs if you do some real muscular work. A Veteran Lady Dead. Miss Susan Noonan, aged seventy- eight years, died in Kingston and was buried in Perth. She was born in Bathurst township a daughter of the late Dennis Noonan, one of the early settlers of Bathurst, and was the last member of a large and much respected family, At Belleville cheese board on Sat. urday the price was 18¢c. a pound. All modern machinery-- Every new mineral fleld discov- f ered in national prosperity, are living over a storehouse of wealth of precious metals which make All Baba"s cave look a very poor place indeed. Canada's De- partment of Mines originated with Sir William KB. Logan, who was Canada is a stimulus to for Canadians born on this day in 1798 in Mont-| He was sent to BEdinborough | re- || real. to complete his education and mained abroad until 1841, when he began his great work for Canada by a survey of the coal fields of [Ji Nova Scotia, He also wrote a treat- |} ise on the ice conditions of the Bt.|}i Lawrence, on which were based the Ji plans for making . Victoria bridge |i safe against the mighty ice forces. In 1842 he was appointed the first Jj director of the Canadian Gealogical survey, which later on became the Department of Mines, In 1851 he |S was sent to Britain with the Cana- dian exhibits for a great industrial exhibition, and then first awakened Europe to the untouched wealth of Canada. He was decorated by the Emporer Napoleon of France, and afterwards knighted by his own His work in Canada was the most important geological sur- vey of his age. Gananoque will hear the Kingston Choral Society during the last week The Reporter credits the choir with being second in Canada Mendelssohn choir of Mrs. Hubble and daughter, Stirl- ing, spent the Baster holidays with Mrs. C, Stover, Wilton. Allows us to use richer ingredients, Ine cluding pure lard, creamery butter and a liberal amount of whole cream milk and: Hs or - These provide vitamines, properties; calories of energy! tissue~bulid~ : ingredients, give you the true wheat flavor--soft, firm slices | FOR THE FARMER | We carry a full line | of Veterinary and | Cattle Instruments-- Syringes, Milking ubes, Teat Lances and Dilators, Milk Fever outfits, Black- leg Vaccine and In- jector, Incubator ermometers. and all Stock Medicines. DR. CHOWN'S Drug Store 185 PRINCESS 343 "PHONE. 34 FLORIST New shipment Bulbs, Choles Cut PF Potted Plants, We are of Floral Telegraph Your out-of-town orders given BHI. httigtion. Bouquets: ote wus Wedding, Gladfola and members 51GNS OF GRIP ARE IN THE AIR- CAUTIOUS = PEOPLE WILL BEWARE |