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WEDNESDAY, OCTOBER 26, 1932 TIIK FI.KSHl'.RTON ADVANCE THE FLESHERTON ADVANCE Published on Colli nifwooU street, Flesherlon, Wednesday of each •week. Circulation over 1000, tf'rice in Canada f2.00 per year, •when paid in advance |1.50. In paid in advance $2.00. 13. S. A. 12.60 per year, when W. H. THURSTON, . - Editor F. J. THURSTON, . Aasoc Editor SMALL THINGS LOOM LARGE During the past week serere riots have (K-curred in Canada's largest penal institution, Portsmouth peniten- tiary. Reports show that the prison- ers wore u-sing this means of protest- ing against the refusal of supplying them with cigarette papers and proper tobacco. While this might .seem to be a .small matter to cause such excitement it would ho a real griev- ance for men confined as they are, where such a small matter of personal comfort would loom large to them. No doubt in sux-h institutions some of the jfuards would be overbearing at times and not considerate as they might be and many prisoners would resent their actions. While this might be so many inmates are hard- boiled and only by such harsh words and acts can be controlled properly. It is regrettable that they would tal:o such action as they did, as order has to be maintained in such places, and in the end will only moan more suffering for themselves. There will be a probe to ascertain the real cause of the riots, but in the meantime the men will be confined in their cells without their usual daily exercise in the open air. COAL PRICES HIGH There is to be a commission apoint- «d to inquire into the excessive costs •of coal in Canada at the present time Why coal laid down in Montreal 'from Great Britain al$-5.30 per ton should cost from $1G.00 to $17.00 at outlying points in Eastern Canada will be the high point of the investigation. There is an alleged combine .said to be work- ing that prevents the importation of "British coal from the major sources of supply except through fixed chan- nels. Many coal dealers in Canada are said to own shares in United States mines which has the effect of curtailing overseas shipments of Brit- ish coal which, users claim, has higher heating and t)urnins ([ualities. Feversham Shop Burned A blacksmith shop belonging to Mr. James Long was burned to the ground on his property at Fevershani on Monday night of this week. Ttie cause of fire is a mystery nad the lo.'js to Mr. Long will be heavy, as i:ll his tools and other eciuipmcnt were in the hi'ilding. We have not learned whether there is any insur- ance on the building. Special 1 Cent Sale - OF . Stationery ir>c Note Writing Pad 2 for 2fic 2r.- Ducal Writing I'ad 2 for 2f.c Cr>c Letter Writing Pad 2 for 3(ic :ir,v PapelriiH 2 for 38c 50c Fancy Linen - Fini.shed Papctries at 2 for .Tic Hailov/e'en Novelties Hallowe'en Masks Hallowe'en Novelt"e3 Playing and Tally Cards CAN.\i)A's (;ki:.\tkst and kasikst contkst <:haha(ti:k hand writing C. N. Richardson 'I'lmic .Vh' Flesherton Progress At Ottawa The whole week has been devoted to a discussion of the results of the !mi)erial Kcononiic Conference. It :,ways did seem to me that alto- gether too much was expected from the Conference. If it were a hund- re<l percent successful it would th»n tall far short of being the world-shak- ing event predicted. Undoubtedly some good must have resulted from bringing together statesmen from the .^elf-govcrning nations within the Em- pire; understanding must have in- ireased and friendships male, but animosities and disillusionment must also have resulted. "For bargaining, as Ramsay Muir has said. On serious matters â€" such as cash and bread â€" Leaves angry passions swollen and inflamed, .Since no one ever gets quite all he claimed." It is not possible in a short time to understand what the effect of changes in 262 tariff items will mean. Onl'y time will tell. From the evidence admitted in the House this week I feel we can safely conclude that the general level of the tariff on British goods entering Canada is still very much higher than it was in 1930, as a table submitted by the Hon. J. L. lialston, showed. On goods of a class and kind not manufactured in Canada, such as fine linens, chemicals, etc., real reductions were made. Great Britain is to remain a free market for our farm products. In the case of hog products â€" baeon and hams â€" Great Britain agrees to accept ZMs million hundredweight per yeai of good (luality product, whi»h, at the moment, far exceeds our exportable surplus. Canadian tattle, CcKicen- trated milks, tobacco, apples (fresh and dried), tomatoes (canned), eggs in the shell, etc., enter the British market free. Wheat is given a pre- ference of "two shillings per quarter' â€" a quarter being two sacks contain- ing foi'r bushels each. Two shilling.? amounts to 48 cents in our money or 6 cents per bushel reckoned on the British pound at $4.80. With the British pound worth only f3.80 oi less, at the moment, the wheat pre- ference is not 6 cents a bushel but 5e If money had the same value in Canada as in Gi«at Britain, when measured in wheat, beef, baeon, et:., the trade treaty between Canada and Great Britain might prove very bene- ficial, but since our exports are paid for in English paper pounds worth slightly less than $3.80 today and since our great competitor.'-, the Arg- entine and .\ustralia, value the British paper pound in their money at the oqi'ivalent of §0, thoy can undersell lis and still have more money in their own currency than wo have in ours. Take for example a fatted animal ex- ported from Canada, Australia and the Argentine, worth per head on the Liverpool market £10. When the selling price fur one head is convert- ed into Canadian currency witli the pound at $!i.80, the Canadian export- er i-eceives $38, the .\ustralian and the Argentine oxporto-..s $60. Quotas and tariffs are helpless in meeting such a situalioin. Oh, l)ut the head- er may say, when we are importing goods from Great Britain, cottons woollens, boots and shoes, etc., wo will get them much cheaper, because British money is cheap. But no, that is not true. The (Jovcrn- ment arbitrarily sets the value of the British pound for importation purpos- es at ?4.'lO, and then charges as dumiiing duty the difference between fl.lO and $4.86, so that actually when we cut through political bunkum, all goods imported into Canada from Great Britain are liased on the pound at parity ($4.86). That is, the Canadian producer is paid with cheap money, but he pays with dear money. The Conference did not increase trade, it but re-arranged markets, di- verting trade channels from countries without the Umpire to countries with- in. This will undoubtedly be count- ered by other countries divarting their trade away from Eirg)ire countries. Today every country is industrial- ized. All have great surpluses nf good.s which they wish to sell in other countries, but which these other countries do not want to buy. Every country builds tariff walls to shut out surplus goods of other nations loming in, its own agents are roving the world trying to induce other peoples to buy its surplus which, oddly enough, its own people would be glad U) have. Because of all this, mark- ets are evaporating and the whole problem today is consumption of gootls, not production. Fundamental changes in our financial systems, which will enable the common peoples to purchase the goods they need, is the thing most needed. There is little doubt that business and financial groups in the conferr- ing countries had at least as much to do with the formulating of the treaties as the statesmen. The ag- reements are "Signed, Sealed and De- livered" and asking Parliament to ratify them is only an empty form. They are going through just as they are, to remain in force five years. The Prime Minister, the Rt. Hon. R. B. Bennett, in his speech present- ing the agreements to the House, said: "The difficulties which confronted the delegates were neither few nor small. Every country had, of necessity, to bear in its mind its own requirement the conditions of its own people, th". means by which they could best be helped and strive by fair means Ir incorporate them in an agreement. That they have done, and that, after weeks of anxious deliberation, they were able to meet together in agree- ment is the lasting proof that good faith and unselfishness and a com- mon adhe.rence to a fixed principle can triumph over obstacles which, to the cynic and him with little faith, seemed, before the Conference, to be insuperable. I say we have done well." In reply Mr. Lapointe states "The be::^t guarantee of the maintenance of the British Commonwealth of Nations ! is the complete and perfect freedom on the part of every portion of tht C/ommonwe«lth to devise, shap« and carry on their policies, whether econ- om.ic, political, defense or any other sort of policy, in the way that best suits their needs and wishes. The Commonwealth is an idea, a soul, and this idea, this soul, is a stronger bond than any mercenary foundatio-. I dissent absolutely and profoundly from the view that the gain instinct is a good link for maintaining the re- lations of the Empire. When people consider their interests, when they are actuated by the gain they may derive from certain actions, there is some danger for social, political and other institutions. Oh, ye Tory loy- alists, is that the limit of your Im- perial devotion? Are quotas, em- bargos, dumping duties, the inspira- tion of your faith? Is a preference on bacon, butter, wheat or copper the price of your devotion to the Empire? No, Mr. Speaker, I believe that instead of being a link of Empire, the agreement before us contains within itself seeds of dissension for the future. â€"AGNES C. MACPHAIL. House of Commons, Ottawa October 22nd, 1932. Buy your Flour and Feeds from tke Osprey Fanners' Milling Co. FEVERSHAM Family Bread Flour Made from No. 1 Western Wbeat Pastry Flour Cracked Red Wheat, Grits, Made From Choice Ontario Wheat Used ... FURNITURE Look These Specials Over OAK KITCHEN CABINET $14.50 2 only OAK BUFFETS $12.00 3 EXTENSION TABLES $7 to $12 2 Sets OAK DINERS, per set of 6 $12.00 1 DAVENPORT $9.50 1 WASHSTAND $4.00 1 IRON BED $2.00 1 GRAMOPHONE (Consol) $7.50 Records ISci each, 2 for 25c. 1 CHINA CABINET $5.00 1 ROLL TOP DESK $16.00 6 Only, new MATTRESS, Reg. $11 $7.50 BE SURE AND SEE THESE HONEST VALUES Emerson J. Bennett FLESHERTON, ONT. ^ OWENSOUND, ONT. "*^0 | CUT FLOWERS LANDSC.M'K GIFT BOUQUETS GARDEN I XG WEDDING FLOWERS PERENNIALS FUNERAL DESIGNS and SIIRUI'.S Dace your order with our Flesherton representative • I \V. A. M.WVKEN I % For National Advantage-For Individual Benefit Plan Now to Buy Dominion of Canada Bonds 1932 On Monday, October 31, Canadians will have an opportunity to invest in a new issue of $80,000,000 Dominion of Canada Bonds. By buying these Bonds you will accomplish two things: 1. You will obtain the soundest investment available to Canadians, secured by the resources and integrity of the Dominion. 2. You will assist in further strengthening Canada's financial position, with favourable effect upon general business. NOTWITHSTANDING the ttying condi- tions which have prevailed during the past three years, Canada has established ao enviable record of financing. For ex- ample, among other accomplishments, the Dotpinion has refinanced â€" before maturity and at a reduced interest rateâ€" $640,000,000 of its public obligations, due in 103 1, 1 932, 1933 and 1934. The new Dominion of Canada Bonds, which will bear 4% coupons, will be o£Fered at a sufficient discount to provide an income yield in line with current interest rates; Within the last few months Great Britain and other countries have arranged import- ant financial operations. In each case, these have met with marked success, investors having quickly recognized the tread toward lower interest rates. The success of the new Canadian loan is important. It will farther demonstrate the confidence of Canadians in their own coan- try and this confidence will be refleaed in the money oiarkets of the world. For natiotial advantageâ€" and fvr yur individttal benefitâ€" -pian nnv t& buy Dominion of Canada 4% Bonds, 1932, when thty are offered next Monday •**«>•. >*,.-â-  •**«'^^ 4r^-. â- Â«Â«^-^^^.-«f*^>»?^^^. .. J â- .<Vv. This preliminary advertisement is published by THE DBPARTMfiNT 09 fmANCfi to "'' , * enable Canadian iave»tors to make arrangeineau to participate in this offering.'^- ^'^ ^