Timmins Newspaper Index

Porcupine Advance, 16 Mar 1933, 2, p. 3

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the sup modity feeling emerges Bull wil the wor Rocisefrons GENERAL ELECT RIC JOHN BULL WILL BE STITTING ON TOP OF THE WORLD THEN CANADIAN GENERAL ELECTRIC M A D E i N C A N A D A FRIDAY FROM SAINT JOHN â€" SATURDAY FROM HALIFAX U ES, you are 0” ybeing robbed of tone, volume and sensitivâ€" ity if your radio tubes have been used a year or more. Don‘t be cheated any longer â€"put new General Electric Radiotrons to work and enjoy new life in your radio. _ n3 â€" EUROQOPE! 1 AKE the Canadian route to Europe . . . world famous Canadian Pacific standards all the way‘! Choose one of the large fast Canadian Pacific ships ... regal "Duchesses" (20,000 tons gross) and popular "Mont" ships. Cabin Class, Tourist Class and Third Class. Trains direct to shipside at Saint John and Halifax. UCHESSES " MONTCLARE â€" MONTCALM / MONTROSE /A Canadian / Pacific For less than the cost of your daily paper you can keep your securities, insurance policies and other valuables beyond the reach of fhte or thieves in a Safetry I)eposat Box in an Imperial Bank of Canada Y ault IMP[RIRI. BANK CF CANADI TIMMINS . % H. €, SCARTH, | SOUTH PORCUPINE * F. £E, COOPER, | CONNAUGHT STATION, Sub. to Timmins (Friday Sailings Every Full information from your own travel agent or R. Y. Daniaud, Dist. Pass. Agent CP.R., North Bay, Ont. gain comâ€" ‘rided vorld John for your valuables *~"I have seen an Empire built on the fruits of gold mining north of North Bay,"% he said. "The mining and meâ€" tallurgical standards of Canada, and Ontario ‘in particular, are second to none in the world. If the in charge of the mines are allowed to work out the destinies of the industry with a minimum of government reguâ€" lation and without the burden of too much social they will conâ€" tinue as before Canada an outstanding producer n»f metals and perâ€" haps some day, Canaia may be first instead of second goldâ€"producing counâ€" try of the world." ~ Arguing against the theories of biâ€" metallists, Mr. Bateman quoted the cpinion of banking authorities that to harness gold and silver would be equivâ€" alent to harnessing a horse with an 0o%, and he predicted a general return Oof nations to the gold standard. In the event that United States should be forced to temporarily suspend the gold standard by internal difficulties, he echoed eminent financial opinion that such a move would increase rather than decrease confidence in gold. Possibilities are Great Calling attention to the comparativeâ€" ly brief history of gold mining in Canaâ€" da, the speaker declared that the counâ€" try still offers definite possibilities for larger and richer mines to be discovered and that the finding of such deposits was merely a matter of time. Production of gold has »een the prinâ€" cipal factor in stabilizing Canadian exâ€" change in the difficult economic and financial period since 1929, said the speaker. Empire Built on the old Mines of North ada during the current 12 months perâ€" lod, was the prediction of George C. Bateman, secretary of the Ontario Minâ€" ing Association, in a recent address at Sudbury. Mr. Bateman stated that acâ€" cording to a survey he had made, provâ€" ince by province, the probable gold proâ€" duction of Canada, for the year 1933, exclusive of exchange compensation, would be about $67,500,000, as compared with $63,500,000 in 1932. Tracing the history of gold, the speaker referred to the historical fact that periods of depression frequently ended coincidentally with the discovery of new rich gold fields. He referred to the recent expeditions of prospecâ€" tors by aeroplane into the mountainous, cannibalâ€"infested wilds of New Guinea, the discovery of what was believed to be the western extension of the African Rand, and the growing Canadian gold production, as evidence that the proâ€" duction of gold may prove to be an imâ€" portant aid in lifting the world out of the trough of its present financial diâ€" ffhiculties. Secretary of Ontario Mining Association Predicts New Records of Gold Proâ€" duction for 1933. Refers to Gold as Stabilizer, All previous records in the producâ€" tion of gold including that of the year 1932, will be exceeded in that of Canâ€" H. €, SCARTH, Manager F. £E, COOPER, Manage: "Gold, like all other commodities," he said, ‘"is sold in the highest market and the highest market at the present time is the United States. The governâ€" ment placed an embargo on the export of gold in order to conserve its own gold supply to add to its own reserves and to use the metal at the most adâ€" vantageous time. It would be unthinkâ€" able for the government to have conâ€" fiscated the product of the gold mines any more than to confiscate the proâ€" duct of the farms, except at a fair price. There is no concession to the gold mines. They are merely receiving for their gold what they would receive in the open market. In fact, it has cost the gold mines money, whereas on the other hand the government by withâ€" holding the gold and sending it to the United States when exchange was high, has realized a substantial profit." The following humorous mixâ€"up of the report of a wedding and a funeral will give many a good laugh. Here is the article from The Blairmore Enâ€" terprise:â€" "Reading in the local paper of two issues ago the article entitled "Makâ€" ing Best of a Bad Job," reminds me of another booze artist, this one an editor, who went on his usual fourâ€" day spree two days before his paper was to appear, leaving his work to the "devil" and proof reader to get the paper out on time. Finding they would be unable to make the grade, they tried to arouse the "boss" and succeeded in getting the fact through his befuddled brain that his reputaâ€" tion or something was at stake ant telling him that a funeral and wedding notice were just sent in which they couldn‘t possibly handle and that he must tackle them at once. So he took his pen in hand and wrote: "Last night, or was it this morning, the whole community were plunged into the deepâ€" est sorrow to learn of the sudden marâ€" riage of Susan Ketchum and Joe BOWâ€" ers, which ‘took place in the bridal room of the municipal hospital. The bride looked stunning in her going away dress of purple mauve as she lay in her beautiful white casket surrounâ€" ded by sorrowing relatives, banked by a garland of mistletoe and carnations. The United minister sang the marriage ceremony which united the happy couple. The late Mrs. Hicks leaves to mourn her loss a daughter, Kate, and a son, Bill, Joe and Kate were given many useful and pretty gifts and will be at home at the funeral parlors of George W. Brisket, who had charge Of the funeral arrangements. The Menâ€" delssohn wedding march was played to the tune of "When I‘m Gone You‘ll Soon Forget." We congratulate the Placing emphasis on his confidence in the gold standard, the speaker poinâ€" ted out that in there seemed to be an erroneous impression abroad in conâ€" nection with the payments of exchange compensation to gold mines. Demand Rules Price "Gold, like all other commodities," he said, "is sold in the highest market able 1 quart happy couple in their great sorrow. In the midst of death we are in life. Bill, the bride, is a cousin of the edi~â€" tor‘s widow and has lived here sixty years. Rest in Peace. A fuller account of the funeral will appear in next week‘s issue as we are too full of sorâ€" row to do justice to the happy festiviâ€" tivities. Once more we say hello!, but not goodnight!" Drawing attention to the comparaâ€" tively brief history o7 gold mining in Canada, the speaker was of the opinâ€" ion that the difficult conditions connecâ€" ted with prospecting in ‘Canada was only delaying inevitable new discoverâ€" ies. The country offers definite posâ€" sibilities and the finding .of new and larger mines was only a matter of time. Editor Got Badly Mixed on Death and Marriage Advertising ‘billâ€"boards and posters are to be banned on all Quebec‘s counâ€" try roads, or at least moved back 400 feet from the road itself, according to legislation to be introduced in the Queâ€" bec Legislature by J. E. Perrault, Minâ€" ister of Roads. Liquor signs were barâ€" red from the highways about two years ne abli¢ lion: Under the new legislation no sign may be more than twelve feet in height, while its length may vary with the distance it is set back from the road. Ten feet is the maximum length for a sign set back 400 feet, 25 feet for 500 feet and 50 feet for 600 feet. No sign may be placed within 600 feet of an intersection, and barns now used to extol the virtues of soâ€"andâ€"so‘s toâ€" bacco or cigarettes will come within the provisions of the law. Signs alâ€" ready in place, no matter if they are within 400 feet of the road, will not be affected by the new law. Under the new may be more than while its length distance it is set Ten feet is the : 4 sign set back PROVINCE OF QUEBEC PLANS TO RESTRICT ROAD SIGNS bu 1¢ n to the comparaâ€" 67 gold mining in ‘r was of the opinâ€" t conditions connecâ€" ng in Canada was adding to its reâ€" m countries unâ€" have added three its own resourâ€" portionate on trade figures, alith will enâ€" on $25 worth ans that the Lake camps, Id, has enaâ€" on ten bilâ€" In 1932 gold nen, bought nA 4#48} 400 millions s estimated 5. ‘That is 1 Mr. Bateâ€" ble balance inulative rise from the} Jle to do f depresâ€" ons mort ANCE, TTIMMINS, ONTAR TO fore Amusing Incidents About U.S. Banking Canadians generally regretted me‘ Gr difficulities experienced last week by the people of the United States on "p of the odd banking situation there.| empt On account of the peculiar system unâ€"| cont; der which United States banks operate,| jife they are particularly susceptible to the impo danger of runs. With the number | place bank failures in the United States in | woul recent months the danger of panic was| for ( great. When there was a widespread | tion tendency throughout the U.S.A. for de¢eâ€" | q sm positors to withdraw their money from | q jac the banks, the situation ‘was, indeed,.! pq serious. In practically all cases the ) fylly banks had their money invested in | ppse; bonds, real estate, etc., and so though | sey y a bank might be ever so solvent there| Hing was no way of meeting the demands in ; Marc case any large proportion of depasitors| 1933 asked for their money without notice.| Seoqy In Canada such a situation not| y arise to the same extent as in the Uniâ€"| ars ¢ ted States because here the several) anq banks are more or less obligated to asâ€" | for sist each other and do so from MUtUAl | mweek interest. In the United States, ROWâ€" | quire ever, each bank,â€"and there are literâ€" | $25,0 ally hundreds of them (as against a urp mere eleven in Canada with branches) | ;n â€"has to stand or fall by itself. Naâ€" turally it usually falls To prevent a general collapse of the banks throughâ€" out the United States last week through the popular tendency to withdraw the‘r money, President Roosevelt decreed a general banking holiday. The reperâ€" cussions of this were felt in Canada. The first thought here, of course, was to remember the Unsted States action in depressing the Canadian dollar in recent times, Following this, of course, there were considerations of the way the situation would affect Canada. Then the side issues began to crop up, many of them amusing. Some of the latter kind are entertainingly touched upon by the column, "Grab Samples" in The Northern Miner last week. "Grab Samples" says:â€" "A big fellow from Philadelphia breezed into the manager‘s office of a bank on Bay Street, Toronto, the other Monday morning, and whispered "Can you lock the office door, boss?" The door locked, he took off his pants. Ripâ€" ping out inner stitches he built a mound of big U.S. bills on the floor. Outside the door waited his wife and twelve children. "Split this dough fourteen ways, and open fourteen accounts" he instructed. The pile was worth $65â€" 000, plus $13,000 exchange. He said he was a fruitdealer, though he may have been a bootlegeger. Anyway he got seared of his bank and on a Friday drew out all his money, jumped in his car and travelled day and night to Toronto and safety. The Philadelphia bank folded the next day. "This is not an isolated instance of the fiight of panicky American money to Canada. Customers of another Torâ€" onto bank‘s head office were amused the other day when four gaily clad gipsy women filed up to the receiving teller‘s wicket and opened negotiations. After some excited conversation they began pulling out money from various hidâ€" den places in voluminous partiâ€"colored skirts. Curious byâ€"standers crowded close and were somewhat astonished to note the number and denominations of the bills brought out. A snap estiâ€" mate placed the final total at about $35,000. The women said they had hurried over from Detroit and when asked by the teller why they had not stopped at Windsor to deposit the money they said that "they would not trust any of those small banks." Canadilans have had Some Entertain ment Through the Incidents Arising from the Banking Situation in the U.®.A. "The "bank holiday" of certain Of the American states is causing strange repercussions. A mining enâ€" gineer of our acquaintance, managing a Mexican mine and doubting the finâ€" ancial stability of financial institutions there, had been sending its salary up to Detroit for deposit. It is tightly sewed up for him now, where he can‘t even spend it himself. "In Denver a strange experiment is going on. An enterprising firm of busiâ€" ness people have had Handy and Harâ€" mon of New York make up for them silver disecs about the size of a silver dollar. These tokens are stamped on the face "1933 Silver, 430 grains" and on the reverse, "Pedley and Ryan and Company, Denver." The "dollars‘" conâ€" tain about 20 cents worth of silver at the present market price, they sell three for a dollar in Denver and are being retailed in New York at 50 cents each. They are .900 fine, approximaâ€" tely the same composition as the Amerâ€" "A Canadian life insurance company, with large policy distribution in Michiâ€" gan, has come to the rescue of its cliâ€" ents, delivering cash to them at their homes on loans. Arrangements by big business institutions in that state for a fund of ready money, held outside of banks, its location carefully concealed from bandits Money is actually being bootlegged from state to state under the closest secrecy. ican silver dollar. Probably it is asâ€" sumed that the age old respect for silâ€" ver as a currency metal will eventually give these discs wide circulation â€" as money." ROUYXN HAS ANOTHER NEW NEWSPAPER FOR THAT CAMP Last week The Advance received a copy of Vol. 1, No. 1, of the Rouynâ€" Noranda Press. This first issue is bright and newsy and seems to be well printed and well edited. The proâ€" prietors of the New Rouyn newspaper are Messrs. Geo. B. Curran, Cecil J. Larmer and Geo. A. Sutherland. The first issue of The Rouynâ€"Noranda Press is full of interesting news, all well written and arranged. There is also liberal support of the venture, as shown by the size and number of the advertisements. All will wish the new venture al success. Earnestly, and in a manner which fully emphasized its significance, this observation was made by Denton Masâ€" sey when speaking at the dinner in the King Edward Hotel Toronto, FPriday, March 3rd, making the opening of the 1933 financial campaign of the Boy Seouts Association of Toronto. Twentyâ€"two teams, comprising workâ€" ers drawn from business organizations and service clubs, have been organized for the drive which will be held this week, the objective set to cover the reâ€" quirements of the coming year being $25,000. to realize respectfully his own ability," continued Mr. Massey. "Also it will permit him to become aware of his qualifications and capabilities to tackle a job with confidence. It develops the man in the boy." J. W. Mitchell, Provincial Commisâ€" sioner, presided, while others in attendâ€" ance included Lieut.â€"Col. B. O. Hooper, C. Q. Ellis, Prank C. Irwin and Norman ciation. Walter Lemmon, Scouter from sSouth Porcupine was unanimous!ly chosâ€" en as president. At the conference dinner held on Saturday evening, which brought together supporters of Scoutâ€" ing in Troquois Falls as well as the deleâ€" gates, Acting Scoutmaster Bert Rowe, of Cobalt, was presented with his Gilâ€" well Beads and Parchment. Follawing the Conference Provincial Field Secretary Arthur Padden, Jr., paid visits to Cochrane, Brower, Bouth Porcupine, Timmins, Kirkland Lake, Haileybury, New Liskeard, Cobalt and Englehart. Great Work of Scouts Emphasized in Address "Relief work, providing food for empty stomachs, is a noble work, but contributions that will keep warm the life blood of this country are just as important. We cannot let go in those places where we must develop. It would be an inestimably serious thing for Canada if the Boy Scouts Associaâ€" tion were to have to let down, even in a small way. its activities as a result of "The Boy Scouts Association develops in the boy selfâ€"reliance and the ability H. Saunders Timmins Troop Arrangements have been made with the Classic Athletic Club for the use of their quarters for a meeting place for the ist Timmins Troop; hereafter the Scouts will meet in the club rooms on Saturday evenings from 7.30 to 9.30 p.m. Every effort is being made to train the Scouts in first aid. A full threeâ€" quarters of an hour is devoted each meeting to this work. Many are deâ€" termined to win their Ambulance Badge as soon as possible. Leaders‘ Conference A Scout Leaders‘ Conference held at Iroquois Falls brought together between twenty and twentyâ€"five leaders from Temiskaming and Cochrane areas. It was agreed that the Northern Jamboree be held in Kirkland Lake on August 31st, September 1 and 2. Carleton â€" Place Canadian:â€"With conditions as they are and the urging of labour for still shorter working hours in order to provide more men with work there will not be the urge in many places for daylight saving durâ€" ing the coming summer. We underâ€" stand that in the whole of southwestâ€" ern Ontario only one city will adopt the daylight saving measure this year An irhpor,tant result of the conferâ€" ence was the organization of the Temâ€" iskaming District Scout ILeaders‘ Assoâ€" ces W muld be f Cana n were Boy Scout News NAY, its ACLIVLIEC ‘{funds." NEW YORK, CHICACO, BOSTON, LONDON, ENCLAND NEWFOUNDLAND J A M AICA, CUBA, PUERTO RICO, DOoOMINICAN REPUBLIC Canada oast to 17L St. Mary‘s Journalâ€"Argus wile sure is thrifty. She n tie out of an old dress of h day, Friendâ€"That‘s nc wife made herself a the ties that was given m In the report thern News in < gular meeting o Club the follow interest appes chairman of t committee spok: bers planeâ€"trip and of the utte liasm displayed the Tiinmins C NORANDA KIWAXNTIS MEMBERS RECALL AIR TRIP To TTMMINS l1 WwWwAS TV interclub v tioned as t Aa CENTURY OF B "The BANK of NOVA SCOTIA T‘ur rosITION which this Bank holds today in the financial strucâ€" ture of Canada is not a result of mere chance. It has been acquired by meeting the needs of its cusâ€" tomers down through the yearsâ€" since 1832 along the lines of sound banking practice, Your Opportunity to own an APEX Model 21 â€"â€"<s>. ELECT RIC 1s32 U * / m is 3 z* t A appeare W orldâ€"wide fa(:ilitil)s in every department of banking 8t ... the balance in 24 equal monthly payments of $3.50. Cash price, $79.50. 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