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More Pressure Laid On To 'Open' PMs' Parleys OTTAWA (CP)--Prime Min- ister Pearson and the provincial premiers were confronted with constant demands during last week's federal-provincial confer- ence to open the meetings so the public will know first hand what is being decided for it. There have been isolated prod- Idings for open sessions in theyspending or passing around of noe but Gh wes the first time|hundreds of <nillions of dollars. editorial writers and columnists} The Canada Pension Plan and in any number asked for anjthe Fulton-Favreau formula for open door policy. amending the constitution have The reason is that federal-pro-|come out of recent conferences. vincial conference now deal with|The prime minister's first ma- important social welfare and|jor proposals for a national med- tax measures involving thejical care plan were made at last week's meeting. What Happened At Atlantic Some critics claim these pro- cedures leave the opposition parties in the legislatures and Parliament in the position of Should 'Clear' This Week vrvic.e4 "zie By GORDON GRANT Canadian Press Staff Writer The air around Atlantic Ac- djstood that Denison would ante / Neither company would say what type of deal would be ar- ranged, although it is under- the federal-provincial conference table for re-approval. If the sharing of jurisdiction ceptance Corp. is as cl now as it was six weeks ago when the company ran into fi- nancial troubles. But the situa- tion ntay clear in the next week or 50. An offer for part of Atlantic's business is expected to be sub- up about $6,000,000 for British Mortgage treasury stock, Denison wasn't the only com- pany interested in British Mort- gage. Cecil Richards, Ontario's superintendent of insurance, said last week British Mortgage inces makes federal - provincial conferences essential, the critics say the public should be, in on them, is NOTES CRITICISM These statements are usually tion would have to go back to) put Clark urged delay in act- between Ottawa and the prov-! Justice Dept. Now Against Death Penalty WASHINGTON (AP) -- The U.S. justice department, after months of study, has decided that the death penalty should be abolished. The stand was set forth by Deputy Attorney-General Ram- sey Clark in a letter to Repre- sentative John L. MeMillan (Dem. S.C.), who had asked the department's position on a pending bill to end the death in the District of Columbia. McMillan heads the house dis- 'trict committee. on the bill until the over- jall problem can be studied by |both the national and district jing penalty for first-degree murderjhe owns in Kingston's east-end MAYOR STEPS IN Landlord Repairs, But Only To Law KINGSTON (CP) -- Land- lord John Hewett, who at- tracted wide attention Tuesday when he said he charges ten- ants to listen to complaints on rundown houses, has agreed to make any necessary repairs but only to make them con- form to city bylaws. Tenants of a row of houses f THE OSHAWA TIMES, Mondey, July 26, 1965 13 ~ , New York Gets A Face-lifting, And This One's Done In Sky because they mistakenly believe NEW YORK (AP) -- In the;were leased to other concerns|Rail's economy drive. The MP heart of Manhattan's bustling|after the newspaper moved its|for the district wants' people to" Times Square, the finishing! reaming to a larger build-/be told the service is still oper. touches are being put to the ex-\=----" ort distance sway. ating. pA - "o terior of the 24-storey Allied a pepe RENT-A-CAR | The structure replaces the o ae ; ; which since 1904 occupied the DAY -- WEEK -- MONTH tiny, tri I d ny. angular plot of groun MILEAGE CHARGE Ave., and 42nd Street. Many 5-6553 call the intersection the "'cross- more than 18 months in the) making and is slated for com- CAR AND TRUCK RENTALS 14 ALBE fi Once the home of the New) 725-6553 ly old New. York Times tower $ } a PLUS LOW outlined by Broadway, Seventh) 5.00 PER ert "ta at cer ww wel! RUTHERFORD' The new exterior has been| pletion this fall. Oshawa RUMOR END TRAFFIC BESWICK, (CP) =. , Passengers are not the, railway to this Cumberland town =' Friday and that representatives of the fire department and buildings inspector's office had been around to check out the homes from a safety stand- point. The mayor said he would re- ceive a full report on their findings Monday. "Mr. Hewett told me that he would not allow his houses to contravene city bylaws," the mayor said. Mr. Hewett has received the minimum fee of $20 which he charges and a meeting with his tenants has been scheduled for Montreal Street have presented a list of 10 complaints about needed repairs to fire escapes, fences, roofs, screens and wir- ing. Mayor Robert Fray 'said to- jcrime commissions. | "Piecemeal. abolition of the death penalty in federal law is meaningless, if not harmful," he said. "If abolition is indi- cated for murder, why not for) rape? If abolition is indicated) day _he talked to Mr. HewettiTuesday night. York Times, the tower offices mitted to note-holders in about|"may soon' amalgamate with quite general and simply state|within the District of Columbia} 10 days. The first hint that something was wrong with Atlantic came from the stock market June 15) when the company's shares were offered at $14 each after) selling for $20% the previous day. lanother Ontario trust company. | Mr. Richards would not say |what company may be inter- main secret under Mr. Pearson's ested in tying up with British|syuggestion. the leaders' opening positions.|why not then for all federal, The hard bargaining would re- ] crimes?" The pending bill would retain| the death penalty for rape in) Mortgage. Victoria, and Grey| The public would continue to|the district. Trust was widely rumored to} would not comment. hasty comments as the leaders' ded et its important information) be the company, but officials|th rough reporters' grabbing] On June 15, after the Toronto} Shares of British Mortgage Stock Exchange closed, the|closed at $5% to $6% on the company, bombarded with que-|unlisted market Friday. ries, said it had defaulted on) payment of a $5,000,000 note which had been due June 14. An $8,000,000 note due June 15 also had gone unpaid. Under terms of the compa- ny's trust deed, all debts be- came payable: These totalled an estimated $115,000,000, but the exact figure has never been revealed, PUT IN RECEIVERSHIP The company was placed in receivership June 17 with Mont- real Trust appointed receiver and manager. Shareholders who had re- ceived dividend cheques June 15, but who had not cashed them, were told they would have to line up with other cred- itors. This was a tough blow be- cause they had seen the price of their stock collapse to $2 from more than $20 in just two days. Current price of Atlantic is about $1.25 a share. It was suspended from the Toronto Stock Exchange July 13. C. Powell Morgan, who had started the company as a side- line in 1952, resigned June 25. Atlantic's troubles rip- pled through the financial com- munity. Other finance and loan companies curtailed their lend- ing and at least one company stopped making consumer loans in order to con-| serve its capital. | Some trust companies were also rumored to be in financial difficulty, but they denied it. Many made a point of stress- ing their strength in interim jagainst $1.17. | Early this month shares of| |FILE PETITIONS Meanwhile, subsidiaries Atlantic Acceptance were busy filing petitions to put other companies into bankruptcy or receivership. Fredericks department store of London, Ont., went under July 5. It owed Adelaide Ac- ceptance, an Atlantic _subsidi- ary, more than $600,000. Commodore Sales Accept- ance, another Atlantic subsidi- ary, filed a petition July 15 to put Racan Photo-Copy Corp. into bankruptcy, claiming debts of $700,000. After two brief court sessions, the hearing was put over to Sept. 10. An application was made July 16 to put Dalite Corp. (Canada) Ltd. and DHI Ltd. into bankruptcy by Commo- dore, claiming debts of $9,200,- 000. A spokesman for the Clark- son Co., receivers, said the moves were technical and would not be followed up. Arcan Corp. was placed in re- ceivership July 22 byy Commo- dore, which said it held a $350,- 000 debenture of Arcan's. All this has prompted a new "game" on Bay Street, Toron- to's financial centre, which is: "Who's next for bankruptcy?" EARNINGS RISE Briefly around business: Earnings continue to climb. Giant Noranda Mines Ltd. earned $1.44 a share in the first six months compared with $1.22 in the same period last year. For Imperial Oil it was $1:24) Levy Industries had earnings of} Economist Hits Class-Strata NG LL aoe --Eco-| times, the practice of RiVINE UM nomics lecturer 'T. I. Reid. 0 attributed briefings to the pressivor. University warned Friday] " prgmler Bobarts expressed the that automation is age aggre § s len | #4 » a ' ol view Thursday that closed ote aa ete seeas tha eoinbaled rich| ferences are useful, but he could), 44 the uneducated poor. | see a danger in going too far in| H = | making secret decisions. Mr. Reid, speaking at the Although the prime minister is Ontario education department | taking the matter under consid-|Course for secondary school | eration, some federal officials principals, said Canadians are} say privately that the public in- caught in a rapidly accelerating | terest is protected because the|@"4 ap ee npy Fiber ee decision-makers are ultimately;money leads to education, jobs, | security and more money. responsible to the electors. "Today, the wunder-educated leave, through press releases or briefings by ministers and as- sistants, Although press facilities at jconferences are behind the | Mr. Pearson, in a partial de- fence of the present system, told reporters they would not expect to get into cabinet meetings. are the unemployed," he said. "The unemployed are the poor. The children of the poor are; Critics of the system said the|the school dropouts. The drop-| situations were different because|outs are the unemployed." an opposition that amends a bill) He said that more than 80 drafted by the government alone|per cent of 1963-64 dropouts] does not upset the plans of an-|came from '"'the poverty other legislative body. Iclass."" | | He said a partial answer |would be "compulsory and free NEWS IN BRIEF Inursery schools and __kinder-| | garten . . . to provide cultur-| ally deprived children with the) conditions for their intellectual| development," | Ontario Priest BOMBARD RED TRAINS BERLIN (Reuters) -- A 74- year-old West Berliner was in- jured Tuesday night when a group of West Berliners bom- barded two trains of the Com- munist - run ae railway with stones, smashing several bod | windows, West' Berlin police Brazil Prelate said. The man was injured by glass splinters. A search for the) VATICAN CITY (Reuters)-- group was unsuccessful. |Pope Paul has named Canadian | Rev. Francis Paul McHugh as| RECOVER SUB DEAD jprelate nullius of the new Brazi- LOCARNO, Switzerland (Reut-|lian prelature nullius of Itacoa-| ers)--The bodies of two men tiara, it was announced Friday. | British Mortgage and Trust .of Of $842,748 in the first six Stratford, Ont., crashed to|months compared with $287,232 about $8 from $26. last year. Maclean - Hunter Research HELD ATLANTIC NOTES \Bureau says construction in It was disclosed that British|Canada is expected to reach Mortgage held Atlantic notes | $9,806,000,000 this year, an in- though the amount involvedicrease of 18.3 per cent over has never been revealed, Wil-|1964. liam P. Gregory, president of| Other facts: Gross national) entombed for six months in a midget submarine on the bottom of Lake Locarno were retrieved Tuesday. The submarine was discovered Monday by two Ital- ian frogmen. It had been in- tended to use the midget sub as a tourist attraction. HONORS STEVENSON Father McHugh was born at Woodslee Ont., in 1924, and be-| came a Roman Catholic priest in 1954. He spent three years as a missionary in the Dominican Republic. In 1962 he went. to |Brazil. | He belongs to the Scarborough Foreign Mission Society, | } asco a has British Mortgage, had resigned|product is running at an an-| from Atlantic's board when it|nual rate of $49,700,000,000) went into receivership. based on first - quarter data. Denison Mines Ltd., Cana-|This was the 16th successive da's largest uranium company|quarterly expansion. which also has interests in real) Department store sales in estate, oil, cement and truck-|May were up 3.4 per cent from ing, said it was consideringjsame month of 1964 and sales making an offer for British|in the first week of June up 6.1 Mortgage. WASHINGTON (AP) -- Pres-} ident Johnson directed Wednes-| RACE DRIVER HONORED day issuance of a commemaora-| DUNS, Scotland (CP) -- Jim tive postage stamp "appropriate|Clark, world champion racing) to the life and works of Adlaildriver, has been granted the Ewing Stevenson," late U.S./freedom of his home town in) ambassador to the UN. Johnson|Berwickshire. He is the first) asked the post office department|freeman since Duns was made) to begin work immediately to|a borough of barony by James 'per cent. develop the stamp. |IV of Scotland in 1489. FLY AIR CANADA ON YOUR HOLIDAYS AND SAVE 25% OR MORE ON FAMILY FARE DISCOUNTS! Dad always pays full fare! fa Mother saves 25% travels without Dad! . but pays full re when she Accompanying children (12 to 21) go along for 25% OFF! AR Infants (under 2) not occupying a seat and with an adult, fly FREE! 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