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FOUR . i THE OSHAWA DAILY TIMES, FRIDAY, MAY 15, 1931 Oshawa Daily Times OSHAWA DAILY REFORMER (Established 1871) 4 Sander 220 Fe Bohatr Oo Alloway, Managing Director. Daily Times is a member of The Cana- Cl" Sule nd in Osha RATES bubs, 130s dds Sees doi a . United States $4.00 » laide 0107. D. Tresidder. representative. FRIDAY, MAY 15th, 1931 WISE ACTION The Public Utilities Commission of the of Oshawa has, for the present at least, d the problem arising from the resig- jon of City Engineer Smith so far as the ity's interests for which the Commission is responsible are concerned. * In making arrangements to retain the ser- of Mr. Smith in the capacity of Con- Engineer and appointing Mr. E. Col- a! as Superintendent of Waterworks, the or on has taken action which, we be- will meet with the approval of the citi- generally. Some concern was naturally view of the large investment which the r has in the waterworks and electric util- ~ \ities, especially in view of the technical na- i of these operations, and the first consid- 2 of the Commission has been, quite ly, the taking of steps to protect the interests in these investments and to 'ensure having competent and thoroughly ex- i ry supervision of these essential pub- services, Unfortunately, the appointment of Mr. Colvin may somewhat handicap the engin- 'sering department of the city, but we hope 'that someone now in the city's service will be in line for promotion in that department, 8 Mr. Colvin's well known efficiency and ss has no doubt resulted in his new ent upon which he is to be congrat- A SPLENDID RESPONSE Rt. Hon. R. B. Bennett, Premier, and Min- ister of Finance, may well feel proud of the | way in which holders of Dominion of Can- ~ ada bonds have already responded to his in- itation to exchange these for the new Con- version loan issue, which is now being offer- . Not only the Prime Minister but Cana- generally must be highly elated by the : that Canadian Government bonds _ are maintaining an indomitable position in ; security market, as is evidenced by the reception given the present conversion loa 'the high market value of Canadian bonds which is being maintained during this ) | of depression. p think also it may be said without ex- ration that the daily and weekly news- 4 of Canada have played a very import- part in "putting over" the conversion ne of the objective set. The Gov- mt, of course, has the right to accept ications for a larger amount, and we are 0 note the Premier's statement that ev- reasonable opportunity will be given '8 of the Victory and War Loans ex- irin in 1931, 1932, 1938, and 1934 to ex- same for the new issue. advantages of conversion are quite ap- mt, and while some doubt may have ex- d in the minds of some holders of the bonds, no doubt that has now been dissi- by the splendid showing the new issue nade on the security market. One need ose as a financial authority to advise in he 8 est possible way that holders of the issues that are exchangeable for the - 1931 conversion loan should lose no time in ] advantage of the opportunity to ex- hange their investment for the 'most sub- fal and desirable security that it is pos- e to have. MAKING THE 1931 RECORD (Stratford Beacon-Herald) ; During the first three months of the pre- year in Ontario there were 1352 re- fed motor accidents. A In these 75 persons killed and 973 injured. If that record for the entire year the result will be by the close of 1981: s+ Killed Leese sssansesr asses 'Inj Accidents ........ . © One of the first questions asked when con- dering such figures would be the condition the drivers of these cars. Fortunately intortuation Js available. In only one 'the driver of a car intoxicated; one 'and the remainder were in what can be sed normal condition. With just two ex- drivers figuring in these acci- t the same as those who can every day in the week. PROMOTING THE WELFARE OF BOYS Any organization which undertakes to do something tangible to improve boy life is a valuable asset to any community. The recent organization of a Boys' Work Board for South Ontario with a programme which includes the promotion of clean ama- teur sport, interesting boys in summer camps and the Boys' Parliament; and last, but not least, promoting the father and son get-together idea, will do much to make boy life attractive, and help in no small way Wher organizations who have similar ob- ects. Clean sport, plenty of fresh air and sun- shine, and good companionship are the most desirable builders of boys. The South Ontarip Boys' Work Board is deserving of every encouragement in the good work it has undertaken. EDITORIAL NOTES Vandals in Kitchener are blamed for put- ting firecrackers in mail boxes. But might not the damage have been caused by some half-baked Romeo blowing off steam in love letters to his sweetie-pie 7--Lindsay Post. The honesty of baseball was strikingly il- lustrated in the drama of the Brothers Fer- rell--Wes of Cleveland, and Rick of St. Louis --when Wes pitched a no-hit game at Cleve- land recently. With his kid brother well on the road to achieving a no-hit contest, Rick Ferrell came to bat in the eighth inning. Rick never hesitated; he cracked out a sizz- ling liner which was saved from being a hit only by the spectacular work of the Cleve- land shortstop. The shortstop then made an error by a wide throw to first and Rick was safe, But the point is--it was meant to be a hit! Rick Ferrell played the game, al- though a hit would have blasted the hopes of his kid brother who was trying to accom- plish one of the rarest-feats in baseball. This incident tends to overshadow the sordid ex- ample of the selfish money-grabbing athlete There are true sportsmen yet.--Kitchener Record. Other Editors' Comments PITY THE POOR FARMER (Chicago Tribune) The farmers for whose lot most of the tears are shed are precisely those who deserve the smallest measure of sympathy, It is impossible to spend more than a few months a year in the business of growing wheat. It would be strange, indeed, if a man with moderate capital could earn a substantial living if all he did was plant and harvest wheat. No one else can do it while idling for eight or ten months, The ordinary farmer who does nothing but raise wheat can expect to make a good living only if there 1s an enormous demand or a dangerous undersupply of wheat in the world; that situation existed during the war years, but it has not existed since. Ordinarily there is a rough equality in the rewards which the world gives to men per hour of labour. The wheat farmer has no claim to special consideration above the plumber, the delicatessen store proprictor, the tailor, and the diversified tarmer, all of whom would laugh at the notion that they could earn a decent living in a three-month year, HAD TO GO FIRST (Boston Transcript) President Roosevelt disliked formality of any kind. St. Loe Strachey relates that on the occasion of his visit to the president, after their talk tocether. they arrived at a waiting elevator. Here they stood chatter- ing for several minutes, when Mr, Roosevelt presently remarked, "What are we waiting for?" "For you to go in first," "Oh," said the president apologetically, I never can remember that I am not free to behave like a gentleman." CHEAPEST! (Sault Ste. Marie Star) If they sold electricity inthe Soo any cheaper they might as well give it away. In Sudbury the rates are almost ten times as high. In Toronto, taking domestic service and commercial light net rates to- gether, almost twice ag much. In Niagara Fails 23 per cent higher. And they don't get $50,000 in taxes as a 'bonus like we do. The Soo has also the only five cent street car fare in Ontario. FANCY TITLES . (Brantford Expositor) The King of Siam, now on a visit to the United States, is a "descendant of the great Buddha, supreme arbiter of the ebb and flow of his tides, brother of the moon, half-bother of the sun, and possessor of the jour and swent A vitibrellas It might be as well for im no exhibit the last named if he passes throu the U.S. drought region. p iki BITS OF VERSE | WHAT 1S GOOD? "What is the real good?" I asked in musing mood, Order, said the law court; Knowledge, said the school; Truth, said the wise man; Pleasure, said the fool; Love, said the maiden; Beauty, said the page; Freedom, said the dreamer; Home, said the sage; ame, said the soldier; Equity, the seer-- S my heart full sadly, he answer is not here." Then within my bos Sofdy Hie 1 heard: "Each heart holds t . 'Kindness' is re fase : --John B. O'Reilly. . INTERLUDE 3o lent lie the hills and bare, nd valleys sleep with breathing regul As though they heard not § feguar The sweet murmuring Of hidden rivulets and spring; The pulsing of a greenery . Bewitched with the perfumery Of young winds and Lilacs in the rain, Who shall awaken them? Sweet task! And it were mine, no greater boon I'd ask Than just to vhisper: tle, little hills, And O you vaiicys, rills; Life, O wake and take of it; Joy, O, sing and makegof it Time of sweet perfection e again." ~Ella Eckel, in the New Outlook. neem «| body. Too much care cannot be taken in passing cars. Recently in Ran- goon, Burma, India, the follow- ing peculiar accident was caused by carelessness: a narrow escape from being ser- fously injured when two 'ticca gharries in which they were travel- ling collided in Dalhousie street. "The gharries were proceeding along Dalhousie street eastward at a moderate speed. Citroen car driven by an Angloo-Indian, came from behind and overtook one gharry so closely that the gharry driver, seeing that the car was about to collide with his gharry, swerved it to the left. This caus- ed the left and right front wheels of bqth gharries to lock together, as a result of which one gharry ran up on the pavement in front of Messrs. Rowe and Company. The driver was heavily thrown to the ground and sustained Injuries, As soon as the collision occurred an empty rickshaw which was go- ing ahead of the gharries toppled over and was badly smashed. The Telegu puller was picked up un- conscious and later found to have sustained injuries on the head and He was next taken to the General Hospital. "The pony of one of the gharries containing the two ladies, took fright and attempted to bolt, but the driver controlled the animal after it had gone for some dis- tance. The ladies from both ve- bicles jumped from the gharries." "Three Anglo-Indian ladies had | 1 B.C. TO HAVE BIG AERIAL SURVEYS (By The Canadian Press) Victoria, B. C., May 15.-- British Columbia will undertake extensive aerial surveys this year, under plans adopted by the provincial gov- ernment to add to its store of know- ledge concerning the mineralized areas of the province. Parties will take the field short- ly, combining aerial and ground surveys along lines worked out suc- cessfully in the Pacific Great East- ern Railway survey of 1929 and 30. , One of the objectives of the gold survey in the Quesnel district will be to trace the gold bearing chan- nels of the old Cariboo gold rush by aerial reconnaissance. Among the districts to be cover- ed by survey parties this year are Peace River, Hope-Princeton, Nec- hake Valley, Ingenika and Naas rivers. NEW ROYAL PALACE Oxford, England, May 15.--Dis- covery of a royal palace of the Sassanian dynasty at Kish, near Babylon, is expected to throw new light on the struggle between Christianity and Zoroastrianism for supremacy in Mesopotamia, To HOLDERS OF DOMINION OF CANADA BONDS War Loan 5%, Bonds Maturing 1st October, 1931 Renewal Loan 549%, Bonds Maturing 1st November, 1932 Victory Loan 54% Bonds Maturing 1st November, 1933 Victory Loan 5)4%8 Bonds Maturing 1st November, 1934 CI BANK OF MONTREAL, at any Branch, is prepared to arrange without charge exchange of your bonds for those of the new Dominion of Canada issue. Full details and information will be given gladly at any of our offices. BANK OF MONTREAL Established 1817 BIBLE THOUGHT AND PRAYER If porents will have their children memo- rise the daily Bible selections, it will prove o _priosless Aaritage to thom in after wears ous history. GOD KNOWS ALL:--O0 God, thou knowest my foolishness; and my sins are not hid from thee. -- Psalm 69: 5. one of the "dark spots" In religi- Dr. Stephen Langdon, of Monroe. Mich.,, who is director of the Oxford-Field Museum Ex- pedition which recently discovered the palace and is now uncovering it, expects that considerable new knowledg will be obtained con- cerning this religious conflict, a native ~ The woman wrote a reference for her discharged cook as follows: "Maggie Flynn has been employ- ed with me for a month, She is an excellent cook but I could not afford to make use of her services any longer." The husband, who was present, afterwards expressed his surprise at the final clause. "But it's true," an- swered. "The dishes she smashed cost double her wages. the wife REASONS for the Present »« ETWEEN now and 1934, Canada must proviae more than a thousand million dollars to repay citizens who bought War and Victory Loan Bonds. These vast loans must be refunded; that is to say, renewed or extended, just like renewing a mortgage--in this case, with the entire resources of the Dominion of Canada as security. The present offer to Bondholders is the first step in this refunding operation. No new money is being csked for. The question may be asked--Why not wait until the present Bonds mature and then give holders the option of renewing? The answer is that it would be unwise for any country to wait until the last minute to form- ulate its financial policy. Even as War and Victory Loan Bonds were issued over a term of years, so must the Con- version (or renewal) of the Loans be ar- ranged for in good time. The 'advantages to those who convert their present Bonds into the new Bonds are: 1--They will be extending the term of their investment in Canada's premier security; 2--They will receive, until'maturity of pre- sent Bonds, the full rate of interest (with tax exemption, if any) carried by such Bonds; 3--Thereafter, they will be assured of a defin- iteincome at the attractive rate of 4349, per annum for a period of not less than fifteen years and possibly twenty-five. The conditions that have existed during the past two years have proved the unassailable quality of Dominion of Canada Bonds. Their market value has remained almost constant. These are sound business reasons why you should exchange your Bonds for Bonds of the 1931 Conversion Loan. 4 Conversion applications are invited to a total of $250,000,000, but the Minister of Finance reservesthe right to increase or decrease this amount: Subscription lists will be closed on or before 23rd May, 1931: Bondholders who wish to avail themselves of this opportunity for re-investment should therefore act without delay; asi Bonds of the following issues are exchangeable for Bonds of the 1931 Conversion Loan: WarLoaft cosecosscscesssonsseesaesSP due 1st October, 1931 Renewal Loan.....ccevvecacnccnsss $349, due 1st November, 1932 Victory Loan «vou vvernrnnensest 3349, due 1st November, 1933 Victory Loan «cceveerrenerransese 5349 due 15st November, 1934 Your Bond Dealer, Broker or Banker will arrange for the conversion of your Bonds without expense to you. DOMINION OF CANADA 1931 Conversion Loan Dominion of Canada Conversion Loan Published by owsberity of the Minister of Finoncs, OrtowapCaonode