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Ee ---- A yy "William Banks. A Canadian Government loan for $100,000,000 arranged iif New York through a syndicate headed by J. P. Morgan & Company, was oversub- scribed five times in a few hours on the date of issue. Almog simultan- eously the Canadian dollar improved on the New York market being quot- ed at one and a quarter percent dis- count against one and three quart- ers of a few days previously. The immediate success of the Canadian loan is at once a tribute to Canada and proof of the fact that there is a very large amount of United States money awaiting favorable in- vestment. The Canadian government received a net price of a ninety-seven and a half for the loan while the syndicate, which put it on the mar- ket did so at par--one hundred dol- lars. This left the bankers and brokers two and a half per cent. for their services, or a total of two and a half million dollars on the issue, This is considered in financial circles a fair price. The loan pays interest at the rate of five percent, and is for thirty years. Subscribers resid- ent in the United States are not tax- ed on the issue. It would be mani- festly impossible for the Dominion government to tax subscribers in a foreign country. On the whole the weight of opinion seems to be that Hon. Mr. Fielding, Canada's Finance Minister, made a good bargain. The new Canadian loan was float- ed in order to meet immediate ma- turing obligations. The Government, itis expected, will be in the market in the Fall for additional loans, or a large aggregate loan, some putting the figure as high as two hundred and fifty million dollars. The 1922 war loan issue approximately $182,- 000,000 has to be met, and there are bank loans totalling about $140,- 000,000, between now and then the Canadian market will be a fair in- dication as to the advisibility of floating the loan in this country. Otherwise New York will be the scene of the next floatation unless there has heen such an appreciation of sterling exchange tnat the London market will be worth while consider- ing. It is to be hoped that condi- tions in our own country will be such as to assure of the great suc cess of a domestic loan. While it is gratifying to have Canadian credit standing high in other countries, there is a sense of satisfaction in owing money to yourself rather than to outsiders, however friendly your relations may be with them. It is a pleasure to note an in- crease in Canada's trade which start- ed at the beginning of the year and has continued since. This taken in conjunction with the fact that there has been a considerable price reduc- tion in many lines means more than is immediately 'apparent on the surface. March showed a total trade of $140,184,872, an increase of $38,- 886,144 over Icbruary and of $41,- 610,929 over January. Both imports and exports were responsible for the increases. This increase is accom- panied by a lessening of unemploy- ment in a number of centres where many people have been out of work during the winter. In so young a country as our own there should not be long periods of trade depression and unemployment. But the world is not yet on the path of peace sol- idly enough to make industry and commerce the main objectives of all the nations. And so many of the Jatter have been cruelly pinched by the war. Canada has felt conditions in other "lands to a more or less marked degree. That is why she has more interest in the outcome of the Genoa Conference than some scoffers are inclined to think she should have. There is not a day that passes which does not emphas- ize the truth that a modern nation cannot live in splendid isolation in these days. Savage peoples do not worry about the troubles of the civ- ilised world, though some of them are occasionally more or less affect- ed. J - Ld Genoa Conference is still in session. That is something more to be grateful for. It has come near to being wrecked on several occasions. First the German-Russian treaty, of itself no great thing, but sartling in the way in whieh it was reached and announced, threatened to dis- rupt the gathering, Now with Ger- many accepting the ruling barring her from discussions on the Russian question and with the Russians showing an eagerness to accept al- RAILROAD MAN COULD HARDLY TURN A SWITCH Burns Says He Had Indigestion So Bad He Thought He Had Heart Troubie, Shacks Yankee Restoring" Him to ect Health. The "I have to thank Tanlac for my being on the job to-day," said Walter Burns, switchman, Canadian National RR.. living at 484 Jessie Avenue, Fort Rouge, Winnipeg. "I was in a terribly run-down con- dition amd hardly had strength enough to work. I had mo appetite and my stomach was so out of order that everything I ate soured and formed gas, causing my heart to pal- pitate so that I thought I had serious heart trouble. My kidueys were also out of order and my back pained me so much that it was agony to throw out a switeh. 1 was in such bad shape I began to think 1 would have to lay off. "But several of my friends urged me to fake Tanlac and I'm mighty glad I did. for it certainly has made a new mang of me. 1 can honestly say that I never felt better in my life and Le gained fully ten pouads in wi og Ta is sold by all good druggists. : ¢ lied terms, that matter is fairly well smoothed out. France has been a thorn in the side of Lloyd George and those who,with him keenly de- sire to bring out of the Conference something concrete for the re-estab- lishment of industry and peace in troubled Europe. More militant than ever France has demanded that ultimatums be presented to rGemany and Russia alike, has per- sisted that on certain points her views must predominate, has de- dared her intention to withdraw If this, that or the other is not done in such and such a way--has in fact acted # good deal like one who would rather that the sword and not mutual agreements and conces- sions should be the decisive factor. On the part of many who have at- tended the Conference and are still there, there is still patience and muh sympathy for France. Most of them have seen at least a part of her devastated territories and have sens- ed her gaping: wounds. But her course 18 calculated to wear out the forbearance of those who are her best friends, The attitude of France left a bad impression after the Washington armament Conference, Her persistent demand for the strong hand at this time is creating a had feeling among Europeans who were inclined to be neutral or friendly. Yet one may well believe that France will stay with her allies and abov® all with Britain in the great task of restoring civilization to a hig part of the world. If she does not she will hasten the day when Germany and Russia will be banded in an al- liance that has offensive military action as a basic principle, Both are remembering that the new map of Europe has deprived them of much territory they once counted OSHAWA, ONTARIO, THURSDAY, MAY 4, 1922 a PAGE THIRTEEN other duties the necessity of asses- sing damages for grief. Up to the present in cases of persons killed by accident, the survivors were award- ed damages only on. the basis of material loss. That is to say de- preciation of the income of families or other dependents was the point for the jury to consider, consequence however, juries will have the power covering and tear. Ireland continues to citement and thrill for those who are in search of them, though perhaps a lot of other people regard with com- passionate shooting and bloodshed that distract that country. seems to be an effort for closer co- operation between the elements that are not too blinded by prejudices to see that the cure for Ireland's ills rests murder of Brigadier-Gen. Adamson, of the Athlone that leaves bitter wounds, walking along the streets with two of his when he was accosted by. a group of men who took him throufh the head. who fought through the greatwar as a British tinguished Conduct siedai and other decorations, seems to have been an immensely were classes in the town was awaiting burial. The Wales' Leinster Regiment( The Roy- al Canadians) is to he dishanded as economy Ireland. been associated by name and tradi tion with Canada though of late more in a sentimental way than active. as their own, % » L Herbert Sidebotham, As the of the latest ruling, consider supplemeniai damages grief and physical wear * » * furnish ex- regret the continual Beneath it all there with Ireland herself. The Irish is a Republican forces at sample of the strife He was men in the early morriug him aside and sho' Adamson, soldier winning the Dis popular man pathetic scenes and tnere among all when his body # * # 1st. battalion, Princ? of the British and the disbandment The of policy of army arrangement for or the forces in regiment has long and its progress, it he} ITHING RECOGNIZES most noted of British journalists at 4 the Genoa Conferences stresses the] point that 'too much importance | should not be attached to the var- jous crises. There are "die-hards" there, he says in effect, who will] make all the trouble possible only to compromise in the end. His view is that the first half of the Conference is over, and that in the future the gathering will be regarded as "one of the turning points in the history of mankind." The big thing in sight at Genoa at the moment of writing is the 'non-aggressive pact," that is the proposed agreement un der which all the nations in attend- ance wiil agree to abide by existing boundaries and not to conduct any aggressive move against the terri- torities of their neighbors. - » LJ Whatever the great powers may think abeut it the Greeks and the Turk Nationalists are resuming their operations on the Smyrna front just as if there was no one interested but themselves. Greek aspirations received a rude jolt when the allies] through their ambassadors agreed to terms for the settlement of the Near East muddle which were pleas- [ing to everybody there apparently but the Turks who represented the government at Constantinople and the Greeks. The Turk Nationalists do not acknowledge that the author- ities at Constantinople have any come which is GOD'S STEWARDSHIP | Pgrson Better Off by Giving Tenth to Lord, Says Rev. Mr. Dean "Should Christians tithe their in- or should we give to charity and religious purposes one tenth of our Income"? was the subject chos- en by Rev. S. W. Dean in the Simcoe Street morning. | "Stewardship" work in the Metho- dist Church and his remarks. along those lines were unusually interest- Methodist Church Sunday Mr. Dean is in charge of The system of tithing is one heing considered by prac- tically every religious denomination and it is meeting with favér by a great many. This up by human beings long before the history of the Jewish race, declarel, their stewardship to God with an of- fering as it was a practise to which God Himself had been trained. person in or out of the church owed practise had been followed Mr. Dezn It was merely recognizing No power in the matter snd the Greeks. imore to Him that they would ever whose dreams of ruling Constantin-| phe able to pay. refreshed by the | pot war, are now in a sullen and angry |church in his community ople itself were mood. Any maa who ould the creed of any one nd kept aceept It is rather curious that inlajl his possessions for his own self- the midst of these operations and an [ish use, was disponesi. he averred. admitted need of money to carry on the campaign, Greece should an- nounce preparations to meet inter- est payments on credits from Can- ada. She may have found a new godfather. * > There is an increasing tendency in Britain to settle industrial disputes amicably. Both sides in the ship- yard workers dispute, involving 300,000 men, who have been on strike, have accepted terms of settle- ment. The men wiii accept an im- mediate cut of ten shillings a week in their wages, and ine remaining cut of six shilings which the employ- ers had ordered will be split into instalments taking effect in May and June. This looks like a very big cut. Bu' it must be remember ed that wages im Britain, as in our own country, went up very high in the war period and have generally been maintained much above the pre-war figures until lately. There has in the meantime been a consid- erable reduction in the averages of the cost of living. Many observers believe that while there will be some further reductions, the pre-war standard will not generally be reach- ed. In other words the argument is that higher wages will be preval- ent, even though the cost of living may drop to still lower levels, than was the case in the days before the great conflict. ss ® = As a result of a decision in the Paris Court of Appeals juries. in France will have added to their Tithing was just as necessar" as rest- ' ---- 7 ing one seventh of a weel, It was intended by resting and worshipping on the seventh day to inspire people and create new Iffé for them to do the work of the next six days. Tho speaker believed that a person was far better off with nine-terths of their income and God's blessing than with ten tenths of the income with- out it, Although it might seem hard for some with limited Incomes, to set aside one-tenth it woud inspire their ambitions to attain greater results. Until the government called upon) men to furnish statements concern- ing their incomes, they had never kept stock of what money they were receiving or spending, and by the practise of tithing, he believed it would lead to carefulness of hand-| ling possessions and at the same) time save men from a covetousness| which is at all times dangerous. MY, | Dean pointed out the spiendid effect] it would have in financing a church| by practising stewardship in this way. There would ne no difficulty in raising money whether it was for, China, mission flelds, erection of| churches or for any religious cause, | Mr. Dean stated it was like a part-| nership to set aside a certain per-| centage of our incomes and the more, invested the stronger the partner- ship would be. The average man firmly believes | that, 'when a woman promises to love and honor him, she should go| right on doing it, automatically, no matter what he may do to discous- age her.--Helen Rowland. 1 For All Fine Fabrics If you have something especially nice and dainty that you do not feel like sending with the regular washing, you can easily and quickly cleanse it with Lux. The thin, white, satin- like flakes of Lux are made by our own exclusive pro- cess, and readily dissolve || into a rich, bubbling lather, || as harmless to fine fabrics as pure water itself. i ! Lux is supreme for washing fine | garments. It is sold only in (i i sealed packets--dust-proof | LEVER BROTHERS LIMITED | KNOW THESE ARE FACTS "CANADIAN" fence is bigger. Str » r more r- fectly galvanized than a We are convinced that this fence made by THE CANADIAN STEEL & WIRE CO., LIMITED, at Hamilton, is everything it is represented to be. We can sell you this fence as cheap as you can buy fence anywhere. J. V. HILL, Oshawa, Ontario It's such splendid value that we'll stake our reputation on it every time. All we ask is a chance to show you the wonder- ful "CANADIAN fence and the equally wonderful and durable AMERICAN" anized steel £ gab me Tere -- BOWMANVILLE MOTOR SHOW At Bowmanville Saturday, April 29, the Mdffat Motor Sales Company, Oshawa, arranged a very fine display of Oldsmobile and Oakland cars and auto equipment, which was held in the Moffatt garage and attended by hundreds of visitors. ' The very com- plete assortment of cars included four and eight cylinder Olds, cars, touring and sport model Oaklands, as well as Oldsmobile truck and Samson tractor. Among out of town visitors were Chief Engineer W. H, Moyse, of the General Motors, Osh- I-------- awa, R. Kirby, general Oldsmobile sales manager, Oshawa, and Messrs. Roger Corbett and Andrew Moffatt, of the Moffatt Motor Sales Ltd., Oshawa. In the evening there was a grand parade, which was headed hy D. M. Tod, Oshawg, in his new Olds sedan, and the Orono band. The demonstration was a great suc- cess and might well be repeated in Oshawa. A thought for labor: It is easier 0 strike and strike out than to strike and make a hit, Spring and-take and take weather revives the put- craze, We put them on them off every week.--Al- toona Mirror, Man with five wives to be tried by woman jury. Hasn't he been tried by enough women.--Dayton News. "She held out her hand and the young man took it and departed.""-- Oh, well, he may return it.--Boston Transcript. "Universal brings reform." knocking in. time It doesn't appear to have done much fer the weather, however.--Birmingham News, A -------- : : ---- FINEST BREAKFAST BACON ---- DOMINION STORES, LTD. THE CHAIN GROCERY STORES OF CANADA KING ST.--OSHAWA --SIMCOE ST. Where You Get Quality, Courtesy, and Honest Weight MACHINE _ SLICED 33c Ib. S 4LB. 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