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' K-W area is 'like aiming home' "Compare that original $45 sub. scription with the present status of the Hydro enterprise in Ontar- io," Gathercole told guests at the 80th annual chamber dinner in Caesar's Forum. From this meeting evolved On- tario Hydro and the first delivery of power from Niagara to Kitch- ener, Oct. ll, 1910. The speaker recalled the June meeting that resulted as Berlin's (Kitchener) Walper House, at which 25 firms and individuals subscribed $45 to meet the ex- penses of the day-long session and lunch. "The speech was to lead to an alliance between Snider and Dan- iel Detweiler and ultimately the creation of Ontario Hydro." Gathercole recalled how Snider reminded his audience boards of trade should not limit themselves to banqueting, but should involve themselves in securing electric power from Niagara Falls for this district. So George E. Gathercole, on.. tario Hydro chairman, told Water- too Chamber of Commerce Tues- day night, reminding them' that the “900,000,000 commission he now heads, was originally pro- posed at an identical Waterloo function 68 years ago. On Feb. 1, 1902, E. W. B. Sni- der of St. Jacobs and a member of the provincial legislature, at- tended the annual dinner meet- ing of the Waterloo Board of Trade, the forerunner of today's chamber. "For anyone associated with hp. dro in Ontario, this part of the country is like coming home." Irrtkrt head here Heavy Gauge 32"xt2" Vinyl Asbestos Tiles 5 Colors Reg. 29e a. 12e 0' 2392 King St. East, Kitchener Phone 578-7650 Heavy I'll-id Vinyl Flooring Reg. 7.95 sq. yd. sq. yd. $1 Open Daily 9 mm. in 6 p.m. - Fridays 9 mm. to ' mm. Open Monday; t to 6 mm. George Gatherede ( second frown teft) club with ihaniher all city officials; Next to A ' P Store at Franklin st.--, blocks west 9! HiWay Market Solid Vinyl Tile Never Needs Waxing TILE SALE TILE & CARPET DISCOUNTERS LTD. 10e tiss Ceramic I. Mosaic Wall & Floor Tile 'lpe'd.U. 29e “I. W He noted that interest on hydro expansion costs are two to three times that of previous years, re- sulting in higher rates. "By debasing the currency, it causes people to lose confidence in one of the Basie foundation stones of our society-our cur- rcncy." "Inflation is more than an eco- ded. nomic concern. It creates social "With ente injustices, erodes purchasing pow- and good itrdl er of pensions and savings and tinue,to enhar breaks trust with people tho in the framew have invested their accumulated \environment,” earnings in fixed-interest bearing Mayor Dom securities. - ted chamber 0 "It imposes hardships upon em- ployees and others who are::not members of strongly organized bargaining groups. 12" x u" x u" Solid Rubber Tile R091.” 15e 00. The speaker, who Was the pro- vincial government's thief econo- mic and fiscal adviser for almost " years, went on to warn‘hia listeners that inflation must be curbed and production and mm ployment maintained if Canada's prosperity and well-being are to be maintained. Men like Snider, Detyireiler and Adam Beck were not’interested in the principles of public owner- ship, said Gathercole. "They were pragniatiits, who sensed that the time was ripe for innovation and new departures." “From IA, the number of co- operating municipal systems has grown to 350. Assets of the muni- cipal utilities now approach $750,- "Ontario Hydro, originally en- visaged as a mere distributor of pgyver, has assets of $4,000,000,- Vinyl Asbestos Tile de each President Allan P. Schendel, who is in hospital was installed in absentia. J. R. Coghill is immediate past president of the chamber. Dr. Robert Buck and Frank Jessop were installed as vice pre- sidents and William Birss as treasurer. "With enterprise, hard work and good judgment, we can con- tinue,to enhance wélLbeing with: in the framework of an improved Mayor Donovan Heston induc- ted chamber officers for 1970. _"We cannot do Without techno- 1oti'y ' and industrial expansion. They have brought us to the high- est peak ever achieved by the hu. man race. Health has been im- proved and the life span exten- ded. “I have never met anyone who refused a wage increase; quite the contrary. The challenge is to achieve more within an improved environment. “Economics is' more than a tabu- lation of production, boxcar load. ings and stock market aetivity," he continued. “It is the profile of the kesour, ces a nation must use to reach its objectives. "If we don't hang together, we mg! all hang separately. "There is evidence that the anti-inflationary program has be gun to bite--but it cannot do so without the cooperation of all segments of government, business and labor. ‘ k W. I. McGibbon, 0.C. J. G. McGibbon W. D. 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