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Northern Tribune 1935-01-03 - 1937-12-30
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Date
1937-09-16
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PAGE TWO TH E NORTHERN TRIBUNE THURSDAY. SEPTEMBER 16, 1937 THE NORTHERN. TRIBUNE |<, FAILURE TO DIM LIGHTS A DANGER TO THE PUBLIC Every duy dispatches evry news of people “beng kitled —at—nigbt ‘notoring” hd nummy —sockiente. been to drivers retusing to ‘obey the law of the land by sot dimming Ue cae here ts ‘mont a a total mck ob- t_more_a fiom that there wil not Tale ‘condition the use of and highway by motor vehicles Is up to the arive thelr racks when ‘travelling hiong the highway at ni WILL THE GOVERNMENTS FINISH THE JOB ent between the Dominion ‘com: be thrown out ore" pegenion be made fe in tnt 4 roe Ince pre’ hooks Sut imaker no provialon ug emapaged:nfer they ae ike remuitsie that the 1 Sturn to hie te return 10 umareds of killed theme the atreets of yes and even tramping ‘ant arch of ome special pl thee young sraduaten, they DM nage pile ff cars. “ Tribune would Like to call atten pect ie ney another very grave danger, 824} tored t very Childs has love of here about the place, for the ined without the danger of place, the germon, a imran oF pro- | othe Baath ont nna sete tare i i: ie mek 3] nu that comes mth the ah ‘The seule tive been Hag he had an attack ee per tte “Y« e disease. ‘Diphtheria ean be prevented by the] |The manaos of dipnthert bucks knew Wheng eee injection of diptheria toxoid or toxin. ee. - nave WERE GOING, BUT- anise apt ho ce Drevented. Ask. sur cay | other night I met wall know! therla aiuNTS injoo—- yo id ni neon tan sae Prairte, | tome sth foca | protection by Ammniring (vet ¥ to Giphtheria, he was wes ances: pet one ral ‘weak for. th ; : se - this centur! The Facts About Reproduced from the Second Broadcast in a Series by Vern _ Wide | Network of Alberta Stations on Tues. Evening, Tells How Bank Customers Have Been Paid $416,000,000 in Could Create Money There Would Be “Land Office” Rush for Bank Shares . Means for Transferring Goods or Services .. Cannot Be Wiped Out By Stroke of Pen . Character ... Unless there hem in the In att wi oy the-governments complete the _ HAS JAPAN BITTEN OFF MORE | THAN SHE CAN CHEW? he present writing It looks! in has bitten off more than only surprised the whole world in thelr ‘against the tn- ‘thy of the world, tne exception ‘of Germany and nthe Cate that China ig fight- ight On Canada’s Banks. ___ last ten fiscal years, Canada’s Chartered Banks have paid out to cus- tomers-in interest on their deposits over Four Hundred and Sixteen Million Dollars, —tn-—our-firat—broadcast. you_that | proper, safe and orderly banking is biased. ‘above all things, upon safeguarding the de- positer’s funds. We mow proceed to -deal with the “fountain pen” theory. In my travels I have encountered two great mis- understandings: 1, That the, Chartered Banks money by a stroke of a fountain pen—that we just write figures in a book and that that is the way our deponita come ‘existence. ‘That we then loan these deposits ten Times Over, THSFSBY MURINE vast of nothing. Nfevelopment: has: takoR. IMPERIAL BANK OF CANADA’ ‘TORONTO HEAD OFFICE: ‘Capital and and Reservest $18,000,000 184, Collec St. Tore! aes ote rme argued we te of depositors’ «ine pone ar < ies of banking a e =3 = Q Birambare: Carlson. |. A COMPLETE STOCK-OF ALL MODELS CARRIED * IN-OUR-SHOW ROOM ~ Prices ranging from $52.50 « $300 Have a demonstration of our Vibrator Sets --- No B Batteries used. Liberal allowance on your old radio. See R. J. FOSTER —at : Grande Prairie Garage Co., Ltd. GRANDE PRAIRIS, ALBERTA . Credit i pointed out that every depor!t ix a lability of the bank—money the bank owes to the depositor and must be reads te pay on the Instant, ‘Yeu will remember the farmer, William ‘Jones, who ficured in our first broadcast Beaides being a hard worker and an honest man, he owns his farm and the outfit t - work it, and this year he has a crop. How- over, he is atill short of ready cash. We < you Just what =pene in this matter of loans and deposits: ‘The farmers in Northern Alberta this fall are having to use power units with their binders. hap. William Jones finds that he needs one of there units. It cost him, say, the bank and ts going to Banking In Canada on Knowles for the Chartered Banks of Canada and Delivered Over a Province- Sept. 14, from 10:15 to 10:30, and Wed., Sept. 15, in the Afternoon from 1:1; 1:15 to 1:30. Interest in Ten Years ... If “Fountain Pen” . Money Not Goods,’Only is Attribute or Possession of Individual, in Assets and Z Next Talk to Deal With Burden of Taxation ! Let me present another case where a loan One five-dollar bill Is extinguished iy docs not result In a deposit. Let us suppose the moment one man pays It to another. If Cie-implement Dealer himself was & borrower Harry Brown buys a hat from Tom Jones at the bank and when William Jones gave for five dollars and Tom Jones bays coal him tn Jack Robinson and Jack Robin- y bi with ft, there tx one five=doltar bill—so you will see, by these plain tlua~ trations, how their dally business, without having to ioe on hand mountains of five-dollar bills, - people can get al the fact that the bank has made a new loan Witlam 3 What does all of this iHluxters hing less than that the bank has fulfilled one of the prime purposes for namely:—It has factii- and services: On a train in Alberta recently I met a which banks exist, farmer who held the idea that banks create tuted the exchange of goods by writing figures In = ft hax aided In distribution and it ts doing hook. As T talked to him in the smoking the things that keep business going. + compartment of the day coach I found out that this farmer haa lost $800 In a bank - ‘There Is one more point I should Uke to failure in another country. nd_L_am sure it 1s one which hes the proceeds of his crop he had bought some THURSDAY, | up Jt po - 6 fail to, AE thier Fenutars evidence. Hundreds of ‘The Grand f . No memb Ty Twent farmers w The 1 ot farmer: in the han Blevators owtan first time, the Chinese have risen high pitch of patriotism and the men at _the_frgat sre fighting with an almost rm eid in vitatiy interested tn the remuite of the Sino-Japanese War, for the reason that the tate of fascism Is ¢ Far East wink at stake. Japan ‘of fasclam and if doteated the remult ein nave a far-reaching bearing on the European situation. Russia would then be free to use her immense army against Germans: should that ‘sation attack her. With Sapan reduced to a third-rate power {he eastern menace would no longer wee and Russia could contiae t hola SRA palance necensary to the peace of Eur vo SOP sceaat of Japan in the present wee ane nave a sobertaing effect of nae and osetly == MumoWarid war might be averted. tae geteat of Japan would mean ye it Now je -& great —perpetunt motion machine if it were only true. I mentioned that in ten years we had paid out over Four Hundred and Sixteen Million Dollars in interest to attract deposits. If wre could create deposita by using oniy, 2 fountain pen we need not have poured out such great wume at all. You have all heard about bank failures Jomes it were true that Darks could create money, simply by writing figures in a book, all that would be needed to avold eny bank failure would be a fountain pen: ‘And if banks could make such fabulous ‘the-money-—He-gives the Bank Manager his not and hie ncpount Ix credited with $100:— { heres one of those deposits that has arisen om « loan. from a 1 ue ‘anka “the manager of the bank to lend him gives the Now let ws show what happens to that deposit. Mr, Jones obtained his loan for = at the bank and Is paid, we will say, in bills no the deposit which arose from the loan has completely disappeared. A Bank Man- ager would indeed have to be @ magician to be able to Tend that depostt ten times over, Now some listening; critle may say: “But suppose the Implement man does net cash the cheque. Suppose he deposits It in hi ‘ount—in that case jhas not the loan ‘The answer is that created the depoxit” sccurred already. to many of ou? TCE that Mr, Jones, through bad luck, was unable to repay the $100. ‘The bank which enabled him to pay CATES TTT his bank and lost It when the bank failed 1 asked him if he regarded that $800 “as ximply some figures that somebody had written In a book and he answered: “No, worked for it." He willingly agreed; then, that labour and the production of wealth had something to do with putting money in a bank feot-us st recover the loan; In other Too many bad debts would jeopardize the safety of the depositors’ funds. It would gross rent on more than sixteen joans of $100 each, at six per cent, for one debt take the to make up for that one Toss Out of thé fact that banka In practice Now our Uatening critic may say: hy, but In any case you have not enough" cash to meet more than perhaps one-tenth of the deposits you hold—so, if everybody called for their deposits all at once, you wouldn't have them, How do you available In cash money enoueh to ay answer that is that if you will examine has it himself by accumulation of urns made by the banks to the from his own work: by dls own character, The pave joined the fascist mi Tt in the opinion of thore Eastern situation nt down to defeat, Decal has not the finan sute a long war. ‘Om the other hand, China has plenty credit and plenty of tat Mo thle le vty eine eee ———7 Along » Trail By J. 8. YULE PARTRIDGE SEEKS REEUGE IN RANDE PRAIRIE ost te Be we bird, (soma partridge f thew inte Orbis Prarie on Tuceda: the ris Ot Fevetncvands of the stunned, was ‘ec of the hotel, tel, Rnd in due time regained ousnees. The following morning the partridge vas aken “out into the country and wile on the way te > any, travellers enue se trem whom 1 could posstbly nT vinited: The other day. then next ‘wyason: Flowers were still blooming almost that they own to buy bank shares and there ie no. Offite rush on at Ottawa for bank charters. Not that there is any diff culty about getting ® remponaible people apply for one. Now would you not think that if the banks could perform all of the miracles that they charter when perform, some of those who Muchof the misapprehension about on a fragment taken in 1925 by we man of the Midland wore written against 11 He alm Tr came “depoalt Insofar as hie deposit In cam hased on something that is produced tangible thing transferred to the purcha and paid for by him. ‘This deposit ts In name class as that 1 depontts a part of nts the result of the. 1 wages of labor. These in the bank aceept the money satisfied to natead of demanding because they are banka promise to pay But it is Impossible 1 te depowits and its paid-up Willan Jones” Touran proceeds of his crop that a loan gives rise to w depoatt bi over@thought about fe that givea rise toa loan? Reaitx and the Mkelihood of juan who wanted to rent able wealth, characte y from the bank, to make @ profit you will find that tm to-repay. addition to the approximately ten per cent of J always on hand, there are huge sums in ' which the bank owns—of such Albert that they converted into kavings came from hix own production and = his own labour, that his Savings Account wan created by a stroke of the fountain pen ‘And 1'd hate to try to convince him that the bank's ability to pay ft to him In money when he wants ft, can be wiped out by # would hate to try to convince any angots farmer or working man, whose we answer further, that the whole close out ite going to fat once. We answer, too, that banks, by experience, stroke of the fountain pen red Banks cannot and Canada’s Chai not perform the miracle of making some out of nothing with a stroke of the deposit in a bank, a eng thing : pen. There Is no black magic mystery about the workings of Canada’s Chartered you do not call for any part of I a savings account If Re neck of i Yeu. putt Banks, ‘They operate under t aune you do not want to spend It restrictions and limi ie Hanks know from practice how much they Thom to accept and satecuard 7 saat to keep in cash fo meet the average money- your deposits: and to lend_funds to meet the legitimate indiyiduale, merchants, farmers r \ daily withdrawals, The rest t# set to work— and the re In our |rxt week's broadcast we expect + in types of Investment which ensure the vn atest aetety for the depositors’ funds to deal with the tremendous burden of taxa- tlon at present borng by Canada’s Chartered We answer further that money is not “Hanks Watch your newspapers for the wealth _in gods and sérvices 1s transferred. 4 house; your to your house Je ni by writing our nearest bank, advertiaing columua of your daily or weekly newspapers tu, xoods real kooda it In daly a title deed to or you may read it in the Watch for Announcement Giving Dates and Times of Third Broadcast. This and Future Addresses Will Be Reproduced in This Paper. - \ =
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Image 1155 (1937-09-16), from microfilm reel 1155, (CU11220796). Courtesy of Early Alberta Newspapers Collection, Libraries and Cultural Resources Digital Collections, University of Calgary.