The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

THE DAILY TIMES-GAZETTE, Tuesday, December 4, 1958 § AJAX AND DISTRICT NEWS John Mills, Representative -- Phone Ajax 426 self-sufficiency as far as possible; | Retarded Children Fund, Bank of that there is a place in our society | Montreal, Ajax, Ontario. Official for them; that we should assist receipts will be sent by return AJAX -- Dear Friends: This letter is sent to you on behalf of the Ajax-Pickering and Whitby Association for Retarded | Children, asking for your support |as we explain our aims and pur- | poses. | As you may be aware an Asso- , |ciation to help all retarded chil- dren was begun in this area in 'early 1956 and is now affiliated with the Ontario Association for Retarded Children. At the pres- ent time a regular school is in operation employing a full-time { teacher. There are seven pupils | attending; mentally retarded chil- dren, who, otherwise, would have no right to be educated according to existing laws. These are chil- dren who are denied the basic Home Damaged By Blaze right of every child to attend school. Imagine, if you can, a child here in our society never to learn and play at school. The school is now being held in a spare room at the rear of the Ajax firehall and is progress- AJAX (Times-Gazette Staff Re-|ing very well, judging from the porter) -- Fire of unknown origin| work being done and the com- caused serious damage in the ments received from viewers -- home of Mrs, John Koppens. 28| proving beyond doubt that these | Elgin street at 8.30 p.m. on Mon-| children can be helped. This ac-| day. | comodation is only a temporary The fire broke out in a clothes |arrangement and suitable class- cupboard in a second floor bed-|room space must be found soon. room, Heavy smoke hampered The salary of a full-time teacher | the firemen and smoke and water and transportation costs must be |damage was high, but the fire met by the organization and so | was extinguished before the|far private donations and fund building suffered much structural [raising activities have accom damage. Month - by month Mayor Of Ajax Makes Appeal AJAX -- It is my privilege to/provincial organization; these are | bring to you this message con- in Yrect soutact with local asso- : | ciations to assist wherever pos- cerning the problem of mentally gipie " "Some magnitude of the retarded children in our commun-| problem can be ascertained when ity. This is a situation affecting it is stated that there are about not only the child who walks in 480,000 mentally retarded persons the twilight or his or her immed-| in Canada, thus it is 10 times iate family but this affects us alll more prevalent than polio, the as taxpayers and interested citi-| great crippler. zens in an enlightened society. | Here in our community we have | In accepting the position as an a strong local association, parents honorary member of the cam-|and citizens formed together to paign committee for the Retarded |fight this great problem. They, on Children's Funa, I do so in a per-| behalf of these children, presently sonal feeling of community re-|attending an association - sponsor- sponsibility and also as a fellow ed school in our community, aslg human being interested in this|for your help. During the first two I plished this. , |major health calamity. The most | heartbreaking of human 'handi- | |caps, which by the way can di- |rectly affect us all, is one which [tugs at even the most cynical hearts. The veil has been torn from the "hidden problem" and no longer do these children walk alone, shunned by society, held up to ridicule and scorn by others more fortunate. No, these children have found a friend. All over this country - tional organization, mal in A other provinces a fn Ontario weeks in December a canvasser these expenses have been met but it means operating on the pro- verbial "shoestring" for example, it costs slightly over four dollars per week per pupil for transportation alone. This is a non-sectarian, non- profit organization, pledged by its constitution to assist all mentally retarded children in this area. There are about twenty children in this area and present enroll- ment at the school of seven pupils is certain to increase consider- ably. This necessitates the em- ployment of another teacher. In addition the present classroom is not nearly large enough for 2 separate classes nor has it ade- All Are Asked To Help Retarded Children quate facilities to accommodate the anticipated increase in num- bers. Therefore, it is proposed to obtain enough financial support to raise about $3000 which will constitute a down payment in a more suitable and permanent lo- cation. The addition of a full-time teacher will cost the Association some $2500 in 1957. In conjunction with the increase of the number of pupils attending, more school uipment must be purchased. This would represent an outlay of about $500, so that this cam- paign has set as the goal the total sum of $6000. We believe -- That these chil- dren should be assisted to develop DAILY CROSSWORD 8. Gadold fish ACROSS 1. Borders on 6. Commenced 11. Thick soup 12. Swiftly 13. Threefold 15. Notion 16. Keenest 18. Walk through 17. Put to fligh 18. Flutter 19. Top 20. Slight depression 24. Gaelic 25. Posterior 26. Greek letter 28. Debase 20. Jagged knot 28. Noble 27. Sells 30. Numers® 31. Prolong 33. Perched 34. Merry 35. Plural of "serum" 36. Large fish 40. Prickly 41. Shade 45. Dwell 47. Sultan's decree | 48 Movable barriers 49. Ancient DOWN 1. Likely 2. Prickly envelope of a fruit 3. Swiss can} 4. Taut 5. Thin stratum (geol.) 6. Barium (sym.) 4. Tomb [PIUIRIS] 4 32. Colors, OIP1) Jub as eggs 38. Angry grow! 36. Male deer $7. Musical instru. ment 88. Least whole number 39. Buckeye State 42. Father 43. Poem 1 them in finding their places. We ask on behalf of these chil- dren, will you help? Act as your heart would have you act, send your contribution today, to the mail. Donations are deductible for Income Tax purposes, Yours very ly, A. H. Bird, President and i Chair- man, GORDON R. BALL Nakash ARTHUR C. JENSEN SOUND MONEY, SOUND PROSPERITY -- QUESTION "FOR US TO DECIDE" B OF M PRESIDENT MAINTAINS Gordon Ball Discusses Role of Banks in "Tight Money' Phase GENERAL MANAGER, ARTHUR JENSEN, PRESENTS | STRONG STATEMENTS -- REPORTS LOANS HIGHEST IN B OF M HISTORY REFLECTING TEMPO OF CANADIAN BUSINESS DURING 1956 MONTREAL, Dec. 83--Looking to the development of the Canadian economy through the next quarter- century, Gordon R. Ball, president of the Bank of Montreal, foresees the outcome in the extent to which Canadians as a whole exercise "adaptability and moderation at times like the present." Speaking today before B of M|function of a bank and it is with shareholders at their 139th annual respect to its role as a leader meeting, Mr. Ball suggested that that I can say, with some pride, Canada's national production in that the Bank of Montreal has 1980, "expressed in physical added to its stature and ts ser- terms or in dollars of constant ice to the community during the purchasing power, may well stag- past year, despite the fact that ges fre imagination.» 3 | the totals at the foot of its bal- mphasizing that sound money ance sheet havi and sound prosperity go hand in/ly changed." s PUiOIES, STATS: hand in a successful economy, the president said: "We can have that kind of real prosperity, and in we can have those dollars of CON! fighting g stant purchasing power. if we so|president problem of resurgent inflation," the saw it as a battle that desire, Or, if we will call at your home or business, for your donation to this worthiest of causes, Act as your heart would have you act; you, the men and we can have a different quickly. prosperity, much larger kind of king women in whose hands lies the power to help lift little children out of the darkness into the light of understanding. No one is de-| nied, regardless of race, color, or| creed; - this affliction strikes |i everywhere, . can be | hs id 3 a Mayor . 'Hon. Chairman Campaign Committee. Seaman Benoit 'To Be Hanged For Murder | ST. JEROME, Que. (CP)--Sea- Iman Michel Benoit, 33, of Mont- {real has been sentenced to be hanged April 12 for the fatal shooting of Police Captain Ernest Chalifoux last Aug. 7 at the Laurentian resort town of Ste. athe. Que. Ade Ay which based its case on a plea of insanity, said it| = planned to appeal. | history of this area, about 0 miles north of Montreal. ¥ Police Captain Chalifoux was | felled by bullets fired during his| attempt to apprehend prowlers breaking into a liquor-laden sta- tion wagon in Ste. Agathe, He managed to drive back to his of- fice after the pre-dawn shooting, but died in hospital. | PAKISTAN TEA Pakistan's tea board plans to | increase production from the pre sent 54,000,000 pounds to 75,000, 000 pounds in 10 years. Benoit Monday night was gate] FALSE TEETH | tenced to be hangedby Mr. Jus- That Loosen Pr ia i) Balance your holiday budget with a cash loan from Citizens Even the best of well-ordered budgets con be thrown out of kilter by seosonal expenses. Winter clothing, fuel, gifts, travelling--all of the many things that make this particular season hard to plon for--can easily upset any budget. If a cash loan will help your financial situation give us a call on the phone or drop into our office. There's a minimum of fuss and bother with a Citizens cash loan--every loan is handled quickly and confidentially, with courtesy and understanding. If this particular season Is costing you more than you expected, if your budget meeds assistance, simply get in touch with our loan manager today. NOW ; ss wp fo 30 months to repay on loans over $500.00 ! kind of p {|of dollars months , but in dollars of much "It is for us to decide which ty and which kind! we want in the 12 d in the next rs." '| smaller value. '| present x strong nt Te-|i id, against which the oppos. ing forces must above all a noeuverable, and all in the com- unity had a responsibility ia the whe dcr I us dingly, fy on | means some sacrifice. Employees, {porting record total loans, within their relations with employers {commercial and other loans ing the billion - dollar ma | tion, | Shadow of Inflation vs. { Substance of Real Growth Mr. Ball expressed the belief that a considerable art of the dollar value of Canada's physical output of goods and services this year had represented "the shad- ow of inflation rather than the substance of real growth." Pointing to the official price in- dices, which, after remaining stable for several years, have shown rises in recent months at both the wholesale and retail lev- els," Mr. Ball said. 'In short, overt inflation, to which I could] refer on this occasion a year ago| as only a potential threat, I must now report as a reality. "So far, it can be said to be In 88 for the first time in the history of|th | Canada's senior financial institu- 8 limits vf also have a responsibility to keep higher pay within the real gains that can be achieved from higher pro- ductivity. And it goes without saying that governments at all levels should not press their claims on national resources at a time of excessive demand." The General Manager's Address Arthur C. Jensen, in presenting the B of M's 139th annual state- ment, reported that, after setting aside $7,795,000 for income taxes, net profits amounted to $8,975,940. demands for shareholders as dividends. This was equivalent to $1.60 a share, 15 cents a share higher than the previous year. After payments of dividends, Mr. Jensen said, $1,775,940, had been added to undivided profits, which with a transfer of $3,000,000 from tax-paid reserves, {Out of this, $7,200,000 was paid to ITIZENS FINANCE its initial stages and far from/prings the balance in undivided Challies after a ver- ie |rampant, But that is all the more profits to $6,910,155. "We have dren in co-ordination in the few |dict of guilty was returned by a THESE PHOTOS WERE | is operated in the fire hall weeks the school hag been open Need Not Embarrass TAKEN in the classroom oper- | recreation room due to the ated in Ajax by the Ajax, | generosity of the volunteer fire- | Pickering and Whitby Associa- | men. While the accommodation | tion for Retarded Children. The | is greatly appreciated it is far Association will open its cam- | below the standard required. paign for funds on Monday, De- | Top photo shows the class at eember 10. The objective | work with peg boards. The ad- §s $6000. At present the school | vancement shown by the chil- is rather amazing. The second photo shows a close-up. The third photo is a demonstration of color recognition. Lois is in traffic signals. | --Photos by John Mills |a Further Brake On Credit Buying | Seen Emanating From Ottawa | TORONTO (CP)--A new brake economy, Restrictions on bank of so far unassessed strength has credit, he saia, might force fi- beer put on credit buying, it be- nance companies into borrowing came known Monday from parent-company or other Finance cempanies--the institu- sources in the United States. This | tions which put up the money for would tend to raise the premium a large proportion of installment on the Canadian dollar and further buying--have been told by the embarass export trade. chartered banks that they must! Tne Telegram says not borrow beyond their peak- loan-total for the year ended Sept. "The next payment requirements and W they have already exceeded Shortening of the repayment per- this peak, they are given 60 days 3 to get back to it. The measure applies to finance companies with lines of credit ex- ceeding $1,000.000 and is assumed to stem from the Bank of Can. ada's desire to hold down credit BUILDING GROWTH Production of Portland cement in Canada increased from 102,000 move will be a boost in down-| a the polls with 272. Ronald Hall, a | new candidate, 202; Gordon Bray, | barrels in 1890 to 25,000,000 bar-| Pickering' {jury which deliberated for three {hours. |Landry, 24, of Montreal, has been |charged with murder in connec- showing Bernard the difference [tion with the same death and is| {expected to be tried next Febru- A second man, Bernard ry. Both were arrested after the most intensive manhunt of the Electors Vote PICKERING (Times - Gazette] Staff Reporter) -- Pickering Vil-| lage electors went to the polls] yesterday to vote for the 1957] council. Reeve Cyril Morley was| returned by acclamation. There were seven candidates for the four seats. { Harry Purvis, as usual topped | 169: Albert Reeve, a new candi-| date, 150. i Defeated were: T. A. Gibson, E. Swerdfiger, and R. A. Wat- son, | | rue vu Many wearers of false teeth have suffered real embarrassment because thelr plate dropped, slipped or wob= bled at just the wrong time. Do not live in fear of this happening to you. : Just sprinkle a little PASTEETH, the alkaline (non-acid) powder, on your | plates. Hold false teeth more firmly, 80 they feel more comfortable. Does not sour, Checks "plate odor" (dene | ture breath). Get FASTEETH st any | COMPANY tI MIETED Loon Manoger: DON TULINE 104 Brock Street South, Whitby, MO 8.2367 Open Friday till 8 p.m., Saturday till 12 noon Loans made in Oshawa, Ajax, Pickering and all nearby towns LOAN OFFICES IN ALL PRINCIPAL CITIES reason why it must be resisted resolutely and vigorously now." While there is no single source from which inflation can be said to spring, Mr. Ball stated, neith- er, by the same token is there any single means of quelling it effectively. "But of the means at hand," he continued, 'the one that can be brought to bear most quickly, the one that can be ex- pected to act most powerfully and pervasively, and one that is a FOR MISSED PAPERS IN AJAX Phone AJAX 333 if you have not received your Times-Gazette by 7 P.M, Call AJAX TAXI All calls must be placed before 7:30 P.M. Sixty per cent of the electors voted | buying as an anti-inflation meas- | | ure. rels in 1956. It is understrod that the situa- = tion in regard to finance company | borrowing will be reviewed every three months | A retail store source said he fi feared efforts of this sort might | have undesirable reverberations | on other parts of the Canadian FOR MISSED PAPERS IN BOWMANVILLE Phone MA 3-5561 If you have mot received your Times - Gazette by 7 p.m., coll KING TAXI All calls must be placed before 7:30 p.m. King St. E. It's Only Seconds . . . From You To Our Pharmacy! Just pick up your phone . . . ment is always ready to serve Our pharmacists are always our prescription depart- you. on duty . . . ready to assist you. You can depend on us ALL the time for all your drug, toiletry and photographic needs. You'll like. our personalized service. DRUGS "REGULAR CITY-WIDE DELIVERIES! i: m RE-ELECT MILLS AS REEVE or AJAX A fine record of six years experience and achievement in Town and County Council clear resp bility of a designat- ed body, is monetary policy." The president said that the Bank of Canada had been suc- cessful in keeping a tight rein on the nation's money supply, which was only slightly higher than a year ago. "It follows from this," he continued, "that the total Canadian assets of the char- tered banks have not reflected the expansion shown by the vari- ous indicators of national produc- tion, income and employment. To feed more money into the econo- gains in output would simply add fuel to the inflationary flames "Tight" Money and the Role of Banking Mr. Ball pointed out that, while the banks were unable signi- ficantly to enlarge the aggregate amount of outstanding credit they extend in Canada by way of loans and investments together, they were to some extent free to vary the proportion of these two preponderant assets. "In the event, the banks en- deavored to meet, as fully as was possible, the growing loan re- quirements of the country. In order to do 'so, it was necessa for them to reduce their holdings of securities, mainly of Govern- ment of Canada bonds." We must take thought of what (we mean, the president continu- jd, when we talk of 'tight' credit |loans and security holdings had |indeed been restricted, he ad- |mitted, as a result of the central bank's 'tight' money policy. *'But | the same cannot be said of .ank credit in the form of commercial, industrial and personal loans. It |is plain for all to see that the banks, and this bank particularly, have gone a very long way in fi- nancing that degree of economic growth that is not in excess of the attainable. > "This is the rightful and proper, my than is justified by the real of these needs conditions. Credit in the form of| |transferred, therefrom." he con- tinued, "the sum of $6,500,000, to rest account which now stands at $98,500,000 Loans at New Record Highs Reflecting the high level of economic activity during the past year, B of M current loans showed an increase of $251 mil- lion, the general manager said. "Our holdings of residential mort- gages under the N.H.A. have risen from $52 million to $104 million during that year," he reported. Total loans, at $1,383 million, are highest in the B of M's history. Mr. Jensen pointed out that the Bank of Canada's credit restric- tions have placed upon the bapk a serious responsibility in recon- ciling the legitimate borrowing needs of customers with the ob- jectives of the monetary author- ities. "We are particularly con- sclous," he stated, "of the con- tinuity of our customers' re- quirements and the relationship to the nation's productive capacity. We have, | therefore, endeavoured to avoid any semblance of suddenly 'turn- ing off the tap' in loans for clearly productive purposes in a smanner that would cause custom- ers unnecesary dislocation." Reviews Business Conditions Discussing business conditions in Canada in 1956, Mr," Jensen stated that there were few areas or industries chat did not share, to some degree, in the general growth, "In summary, the Canadian business scene during the past |year may be aesribed as one in which total demand could not be wholly saitisfied despite sizeable !increases both in domestic pro- duction and in imports. Official monetary policy, in' restraining {the expansion of credit to match the limitations imposed by the availability of materials, man- power and plant capacity, should help to defer some of this demand until supply is more ample. I have every confidence, therefore, that continued economic growth is in prospect fer this country." In paying tribute to the staff, {Mr, Jensen said that seldom has |there been such a year into which |were crowded changes of such |dimensions in the various phases {of our business, and, "I would like to convey to all the members [of our staff a well-earned com- {mendation for their work during ithe year."