Ontario Community Newspapers

Barrie Examiner, 24 Apr 1919, p. 3

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We invite you to open a deposit accot Barrie or Allandale Branch. Your surplus accounts by.cheque. cord of your teceipts and disbursements. BARRIE AND ALLANDALE BRANCHES. SPEED PRODUCTION --BY-- - mow than it will b Continued from page 11) Which means that we have to raise, somehow, annually, $100,- ¢ 000,000 more than ever we Wid raise, F We need not worry about the principal of the debt, whieh will be paid by generations which kifow us nol, but we must our- selves pay the interest and fur- nish funds for our own curredt expenditure, 'The only means of} In other words, obtaining revenue is by taxation.|/lower. When co And the wealth of a nation fur-|cheap mone: nishes and limits its taxation,|they are de And the wealth of a nation is ex-|That is, actly what it has produced and no | will buy, and ne me more, Tt fallows that the larger jwtal you have tog: the production the greater the wealth; and the greater [he wealth the lower the rate of taxa. tion which mst be imposed to}you spend a dolla yield a specific sum. And so, tbe|much for if, And greater the production the lower | now cyeap. and no the taxes. Meanwhile, it will do! they used=to be w us no harm to remember that| (hey will be worth every public expenditure whieh} fall, All th we make will increase our taxa-,!lon to-day ar tion. We all desire (hings whieh average man sup: we cannot afford, bul the popular] he thinks in terms tendency is to believe that a gov- He ois eanti | ernment can afford anything and{ind indignant at } everything whieh is desirable. [t)/chasing powrr of | worth of a dollar fulure-- may dese boration, Ms you read th War Savings Stan seen the statemen sd rome can't--now. And so when we We raise, then, al present a- |< many dollars in bout $195,000,000 annually fron {or that eur annua This, represents a [enue amounts to se lef us remember th . all. souree: y certain rate of taxation on a ce tain volume of wealth valued at|'he dollar The Greatest Name. In Good y-Land © y selling gum 'In the world nat-~ orally has to 'have a package - worthy of Its contents. So look for WRIGLEYS sealed package that all of-ts goodness in, ~ That's why 2 e Flavour Lasts! (Incorporated 1855) : or TORONTO BUSINESS METHODS APPLIED TO FARMING always safe and available, and you can then pay your A bank account is a valuable re- H. A.SIMS, Manager IS three years hence. dotlar will he worth more, or p chase more, in 1924 than to-day. tariff, income, or anything else unt at our money is A. M. Chisholm in the Canadian eat | OS e worth two or This--the now and fn the rve a little ela- he government propaganda in connection with nps, you Lave t that likely a r= prices will be minodities are ear; and when mney is cheap, | dollar is worth what it! are, This worth ive for il, 'Toe / if you have anything to sell, uden't have to sell mueb to a del in exchange; a if' a dedlar in i Bi nd piwhen it starts, you don't ge so dotlars are ot worth what | orth, nor what | rain if prices dollars in the na. |! Vi worth what the poses, heeause of -ome yeans nually amaz: the small pu Vis own dollars y that we have ank deposits, I trade or rey vimany doll ne sinallness 0 his proposition When wheat ix a day, it is ab- . present prices. But prices are Let us ga into t not constant, They fluctuate. A|by another door dollar ig worth much less than it|worth two dollars a bushel and, was worth a 8 ago: and labor four dollars in all probabili worth less |vious that a farmer or-aworkman e /880 a like taxation will yield bat jsum of revenue: "thing upon whieh the nation-- can pay a two-dollat debt with a bushel of wheat or palf a day's work. Bul if wheat falls to one dollar and' labor to two dollars it takes two bushels of wheat or a full day's work to pay the same two-doHar debi. That is, it costs twise'as much production fopay it. Apply this principle to our na- tional finances. The debt which we have piled up has been incurr= ed in times of high prices, and however negessary it may have been we have got nothing material to show. for it. The expenditure making the debt was not produc- tive but forced war expenditure. But the interest upon it is con- stant in terms of dollars no mat- ter how prices fluctuate, no mat- ter what the purchasing power of a dollar. Therefore if prices go down we have to sell more to make up the money. That is we have to produce more, And priee is sure lo go down as soon as production overtakes shortage in the world. Revenue furnished and limited by production is obtained by taking a certain percentage of the value of a count for the country's purposes. Ob- |viously taxation of an article priced at $100 gt 20% will yield 20 reveflue. And as obviously if the price of that article falls to #16, leaving a revenue shortage of 84. Thus when prices decline revenue hased on théir value must shrink, whether it be derived from When this happens there are but two ways of raising the constant You must either inerease yur rate of taxation or increase the quantity of your] lavable product Now we aro facbd by the cor- tainly of an eventual price decline whieh will probably begin within a year and may progress swiftly It will affect all commodities and) services, ing jeluding labor, It is useless: ty |spreulate how far it will go, oF whether wages will or will not] srt da those of pre-war days. | The point is that present peak prices cannot) be maintained, Teeause the world has gone into debt ahout as deeply as at ean to pay then up to date, wud ean hol continue to pay them. 'This price decline, then! must be fol- lowed by an increase in taxation unless there is a greatly inereas- | ed volume of prodaetion \ Increased production 1s the statesman, capitalist, employ workman and farmer -- shoul now get together. It is consid- erably more important and much jmore pressing (han leagues of {nations or ther millennium, Oc- jcupation, fair prices, fair wager. jmake for contentment and hap- 'piness. These things are all the Majority of us ask for or even t ' i 1 'no greater bitterness than the heart of the man who, having but one thing to offer the world in exchange forehis right to live in it in fair comfort, finds no pure (chaser. uch things will find an ex- pression they have never found before unless the -- successful brethren, instead of silting smug in high places, realize that their own success imposes the duty to lielp in greater production, Nor is the duty of assisting production to the limit confined to statesmen, financiers and em- ployers. It is no fess imperative upon the man who wor! hands. Anything which delays or lessens production injures him and the public generally. Every "strike" lessens by temporary unemployment the total produc- tion, and by that mych tends to increase the-cost of ving against the rise in pay which the strike may be intended to bring about. 1 am not implying that all strikes are wrong. 'They are often right. But that is their effect, right or wrong. 'What in my humble opinion is absolutely wrong, especially un- der present conditions, is a six- hour day. There are few occu- pations in which a man can't work eight hours. Most men who work for themselves work long- er than that. I believe the six- hour day to be unprofitable to both workman and employer, and 'T know it is unprofitgble to the nation, which just now requites a production to the' limit of its citizehs' capacities. A universal national production that we should lack bread to pyt into our mouths. I am speaking of the length of the working day, and not of the rate of wages, which is a different matter, beyond the scope of this atticle. is that.the six-hour day is a day below capacity. If A>might say a word on the subject of wages, it is this: So far rise-in wages has been fol- by a rise in, Price render- ed nevessary by th or exqused by that rise. It is like a 'dog) chasing his tail. Price is always a liftle ahead of wages fair profit and the workman de- serves a fair wage: and the public] prices still more. ut when|wheels of industry clog. hope for from life. But hell holds|PPoduction is speeding creased there is an atmosphere of] ces ronfidence, employment is plen-|smash, and we have hard times with his] | six-hour day would so rae | 1} The point}; Tige in wages, ff mi OUR boy ts hard on stockings. Any normal, healthy boy is. You can't keep him from climbing trees and fences. But you san get him stockings that will stand this usage---that will give him extra wear and look well too. Just ask your dealer for Buster Brown Stockings. Buster Brown Stockings wear longer because we knit them from extra-long yarn with double-ply legs and three-ply heels and toes. We make sure of Buster Brown quality ve better off if they would en-|necessitate Jeavor to knock down evel, The employer deserves a|troubles. eserves fair prices, Before you decorate your walls and ceilings-- Stockings That Cost Less Because They Wear Longer by spinning our own yarn. Our em- ployees have had years of training, for special skill is necessary to knit Buster Brown Stockings. You'll find them well-fitting and smoothly finished, for we knit good looks as well as durability into Buster Brown hosiery. They look well at all times. Sold everywhere. Buster Brown durable hosiery. The Chipman-Holton Knitting Co., Limited Hamilton, Ont.--Mills also at Welland C 2e BUSTER BROWN invariably labor |duly. A Strikes occur which| expenditure is increase/ should be as far as possible fom the | productive employment, by which Then|I mean employment which pro- md in-|comes depression in which pri-|duces directly or indirectly what productiok, and wages: all|may be called "liquid assets," ar-- check production and Boos gs OS DBP BoB oS OS DD aD Ben pS BS DS DED SD ope Eu eu ee UBER SPOEUEE | 'LOWE BROTHERS , PAINTS 'and inside use; Mellotone for walls Ask your dealer for liful, and wages are good. On the|with unemployment. | Both labor and employers would|contvary, when soaring prices increased ice by|which again involve further in- nereased production which hold|ereases in price, there are in-|I Wares and profit at a reasonable|evitably . and Let me emphasize that governs wages|mental expenditure to give em stop-gap. icize it un~ dmitting that employment. necessary, it '(Continued on page 6.) Cover more surface, i iu Last longer, i than ordinary paints. They are, uy therefore, the cheapest to use. id 4 if Lowe Brothers make a pose - "High Standard" for outside and ceilings; Vernicol varnish stain floor and porch paints; shingle stains enamels. IM] Ask us about Mellotone - the beautiful flat wall paint in the softest tints. The modern finish for. (ul walle and ceilings cheaper than wallpaper - better Looks like wallpaper - goes én like paint. Mello- tone is an oil paint which dries without gloss. It hasa rich, soft, subdued effect very restful to the eye. The colors aré pastel tints very airy and combinations, show you the newest combinations of Mellotone_ ff tints for the various roome in your house. __ e & HUBBARD than kalsomine - washable - sanitary - fadeless, Come to our store,and we will I t delicate and can be had in the most harmonious - [fi U it and varnish for every household pur- : for old floors, furniture, woodwork; : | | | | |

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