VOL. 16, No. 5
PRINCE \GEORGE,  B. C.       THURSDAY, FEBRUARY 1, 1934
Five Cents
Tackle
Poland Agrees on a Peace Pact With Germany
Takes all Disputes Between The Two Countries Away From. .   League of Nations
^          BUFFER   STATE
Marshal Pilsudski now Enjoying
the'Advantage of Pacts with
Germany   and   Russia
Germany Paying Export Bonus Out of Interest
Hitler Government Has Reneged on 25 /o  of Interest due to German Bondholders
HOLDERS MAKE PROTEST
Money Withheld Used as Subsidy to Enable German Shippers to Hold Trade
Stalin Issues Threats Against Russia's Enemies
Revolutions in Attacking Nation
Would Threaten Peace  of
all  European Nations
NEW WEAPON IS POTENT
Communists Would Wage War
Behind Lines of Armies Sent
Against Soviet
London,   Jan.   27�Joseph   Stalin  in an address at Moscow last night gave unm'.T:-akable evidence of  the  change which has come over Russia's foreign policy within the past two weeks, for which  Europe   has  been   prepared by the speeches of Litvinoff, the definite .substitution of Russian fcr Communist politics.    Stalin has sensed the threat ! of  trouble  from   two quarters.    From ' the Japanese alcng the Siberian fron-! tier and from German invasion in the � Ukraine  to effect the "liberation"  of i the Russians of German descent./It *.s ; said ie. was with a de-3:re to head off i this  threat  of  Germany  that   Russia i entered into the non-aggressive peace j pact with Poland, to ciose the passage ! of German soldiers in;o Russian ter-
 has �si"'1V
Berlin, Jan. 29�The announcement was made tcday that Dr. Schacht, head of the Reichsbank has declined to make any modification of his recent order re quiring the foreign holders of German bonds to accept .'�0 per cent cf their interest in cash and the remainder in scrip. As the scrip can enly be marketed at the German Geld Discount Bank the effect of the ruling is the cutting: cf (lie interest rate upon (he bond-; by 3;"5 ixr cent. As the bulk cf the t:v' landing bonds lp�cnelcl by British subjects and citizens of the United States it is anticipated .reprisals against German trade will be initiated by the two nations.
London, Jan. 27�The representatives j ritory- but now British  and  United  States holders ! ed a Psace Pact w"'th Germany as well,
London. Jan. 27�Another move in the political chess game was made yesterday'when an agreement was reached betwsenn Germany and Poland for the signing of a non-aggreisive pact to e#ejfi Nations from. Which Germany has withdrawn. The signing of the pact is regarded as a distinct gain fcr European peace: rem.ov"ii:; th? Polish corridor uHpute as the most threatening peace ""danger, Coming'as it did after the Sovirt government of Russia had offered to join Poland in guaranteeing the independence of the three Baltic sta! es�Estonia,, Latvia and Lithuania�the signing may also be taken as a check to Russia.
It .is common knowledge that, Germany-appeals to th? western powers to join it in attacking communism at, inrti]elshevism in Ruvsia represented a j T      �   -,s u   i;iji;i.  :inumm    u   ;>i;u ,. ;-             ,.,..,
force of aggre-.von Poland stocd as a ; u    addiUon  To "bonds held bv  foreign   largely behind the>lines of the enemies bulwark between it and Europe, ready] investorSi   Germany   owes   $839,000,000   of  Russia,  in  their own  countries  in
to .foreign banks on short term credits. There is another angle to the situation, however, which affects the trade of the creditor nations. Trie .scrip which is bought by the Gold Discount Bank at 50 cents on the dollar is resold to German -exporters at 57'j cents. ;-nd the Reichsbank in turn purchases
Freight Rates
REDUCTION IN THE FREIGHT RATES  IS   SOUGHT
Railway Rate on Lumber Works Against  District
Shuts Local Mills Out From the Export Market Enjoyed by Coast  Lumbermen
The annual meeting of the Prince George board of trade, which is to be called within the next two weeks, promises  to be one of the most im-
More Favorable rate would Add
Traffic to Railway and Help
Unemployemnt
'�o B. C. timber the only market left for the Cariboo mills is on the prairies, and the prairies have been so hard hit by  the wheat slump they have little
portant gatherings in its history. One   money for lumber purchases.
of the matters on the agenda for the meet-ing   will     be the   considering   of
Pacific coast points have never been considered   as   a   possible   market   for
of German bonds had an interesting time in Berlin on Thursday when they met to protest the measure of repudiation initiated by Dr. Schacht. head of the Reichsbank. There are outstanding about three billion dollars worth cf German national, municipal and bonds which were sold largely in Great Britain and the United States.    The high rate of interest
Dictator Stalin . evidently considered the time had arrived 'or him to speak plainly. He had previously protested to Great Britain against this country'.? apparent friendliness toward the Japanese, bt^ last night he issued a warning to the Hitler government of Germany.
It is generally believed  Russia does not   desire  war  at  the  present   time.
offered made the bonds attractive. To i lhe   reason  being-  the  country  is not
prepared for it. On Friday Dictator Stalin manifstly sought' to avoid war by issuing dire threats against those nations he believes are harboring unfriendly y'ews toward Russia. His language was far from being diplomatic but it is easy to understand. H>
to all
As there | countries who would poke their snouts I into   the   Russian   potato tpatch.     He .said they would be making a  mistake
reduce the interest charges six months j
ago Dr. Schacht initiated the practice i
of   paving   hr:if   the   interest   in   cash i
and the remaining half in scrip. The {
German  Gold  Discount  Bank  consti- �
luted  the  only  market  for  this  .scrip j
and   the  bank  would  pay  but.  50...per   .
cent of its face value. This .cut 25 per ; � reported as issuing a wamm
cent off the interest charges*.
was still left    a good return    on-the
bonds there was not much protest, but ' .
when the Reichsbank decided to .make   ta   assuming   they   would   be   able   to
the  further  reduction  bv   paying  but   conduct a successful war against.Rus-
30  per cent   in  cash  and   the balance j Sla-    Ho warned  them they  would  be
In scrip Great Britain threatened.trade   sorting   the   most   dangerous   war  in
reprisals   against   Germany,   and   the   history, not. merely a war between two
measures for the reaching of j^he ex- 1 inferior lumber, but now that it be-port timber markets by the sawmills ; comes desirable for the interior mills alcng the Lne cf the Canadian Na- j to reach tidewater to share in the tional Railway. As everyone knows tne i export trade they become of first im-tixnber industry on the coast has made | portance. Cariboo miilmen who have such rapid recovery, through the ex- j investigated the possibilities of the port market, that it is now at the' export market) find themselves barred peak of production, whereas there i-- | from it by the existing freight rates but one sawmill in this sec'icn which ; on the C.N.R. From points" between has taken out any logs this winter, j Prince George and McBririe. which With the United Slates markets closed ; would include all cf the sawmills in ""                            "�! 'ihis  region^   the  average  freight rate
j on. lumber to Vancouver is 53 cents. If ! this rafevcould.be reduced to 20 cents ! the miilmen say the export market. . would ba open to them. It is a big cut ' to expect in a freight rale, but there j i-3 th's to be said in its favor. If it Ls I made it will result in business for ; the railway company while under the ' rate as it stands there can be no ' business.
The miilmen have been feeling their way about on the fre'ght issue for gp.m.s time bub it remained fcr W. N. Ja^ck. of the Longwoith Lumber Company, to O]>en negotiations with the C.N.R. through P. Lakie, its divisional freight agent at -Prince Rupert.    In   a  letter    addressed   to  Mr.
Society Organize Friday Evening
John   C.   Kelly   Becomes   President of Organization Which will  Be of Much Benefit
for   Thursday   was   arranged, a large amount at stake as.
countries but because   the
a world-wide revolution war   would     'ake   place  i
to repeat its great feat of 1920. when, According to Lord d'Abemon's estimate the Polish army saved the whole of Europe, including Germany, from a Red invasion.
-------------o-------------     - .
Police now Fear Edward Bremer has Been
This  is  Given  as   Reason Kidnappers Failed to Collect �1200,000   Ransom
KILLED  BY  ACCIDENT
This Information was Contained
in Note Received by the
St.  Paul Postmaster
' the scrip at its face value in marks, j | The effect is a subsidy of, 42 ^ per j I cent in money, in which the cost; of I production of the exported article Ls ! paid. The German shipper can utilize i this subsidy if he is obliged to in un-i der-selling competitors in.foreign, mar-i kets, or if he is not obliged to he can
�y,i        pecket the subsidy.
Why j     Th:s  makes  for  unfair tradin
 tog in
Bremer
nesday,
 Jan. 29�The fear is grow- policecircles that Edward  G.  who wa�-4cidnapped on Wed January 17tPr>hfus been killed. B           is a  prominent contractor In
this city and the son of the vrcalthy '4dcal brewer who is said to be an inti-" mate frend    of    President  Ftcjsevelt. .^Shortly   after   the    kidnapping   a   de-, Inland for $200,000 ransom was leceived �iby   the   father   and   he   intimated   at �:>$IBlCc his willingness to pay when arrangements   could   be   mnide   for   the paying  over    of  the   money.    Adolph Bremer, the father. Ls a man well up ui> years and in poor health.   He made an appeal to the police not to interfere with him in his efforts to secure the release of his son by payment of the ransom demanded and to a certain extent the police respected his wishes. The elder Bremer did everything he could to let it be known he was ready (io pay the ransom    and    it was not iimtil Saturday, January 20th that the first intimat'on was received anything ||erious  had happened  to the cap'ive. This came in a note, received by Posl-� mastcr   Rober^on,   which stated  that : Bremer had been rccidenW'.y bumped ;off. that his bedy would be found near . Anoka, Minnesota, when the snow goe" ;The note further "t--ted (.he members of   the   kidnapping    ^ang    had   been drunk and that the klling of Bremer
and
i Great  Britain  has  threatened   drastic ! action.   Great Britain bar, an unfavorable trade balance with Germany, which ! means there    are    currently   German � balances   in   London   which   could  be ! taken  to   meet   interest   payments   in | full.    Great Brita'n did something of J this sort ten years ago through a recovery fund,  and  thereby  collected  a nart of overdue reparations payments Tliis policy will be resorted to again. Tlie United States is not so well situated in this respect as it has a favor-
both Europe and AMa. In hi.s remarks Stalin singled out both Germany and Japan as countries contemplating an afack upon Russia.
-------------o--------��
City Treasurer Submits Report For Year 1933
Tax Collections down $4,021.47
from   Amount   Realized   in
Previous Year
of    t lube held
UTILITIES  SHOW' GAIN
Capital Charge Reductions more
than   Offset   Shrinkage Their   Earnings
in
William G. Fraser. city treasurer, ha.s prepared his annual statement  of the
*�**-* t-V-V.1      AAA     I.HI''"     ^  V- �-" I./V  V- \J      it*      *t**fc*�^*.�      *.��.��                              l                         *                         #                                                                                                                                   ,'      .,                                    .,                         �                                  .
able trade balance with Germany, ami I financial operations of the city for the
There was an enthusiastic meeting in ide ballroom    of    the Prince    George
hotel on Friday evening, which was j Lnkie. under date of January 23i'd. held fcr the purpose of organizing a I Mr. Jaeck presents the case for the local horticultural society. The forma- j reduction in the freight ra'e. Ho says: ten cf such a society had been dLs- I "We often get enquiries to quote on cussed for several years as an aid to j expert lumber. Tcday we received an floral   and  berry  cuUure.  but   no one | enquiry for 20 cars, or more, of Engle-
mann opfuce. which urr.ws only in the westera interior. In all cases we have to refuse or quote too high- to get the business because of the excessive freight, rate to Vancouver. If wevhad a rate of 20 cent.-; per hundred' we would have an opportunity to get" come of 'this business. This would benefit (he C.N.R. and the m:lls, and help the labor' situation along this line, but your company would profit the  most.
"This lumber Ls shipped rough, green or partly dry. would require large cars, and the weight per M would be heavy. We shipped many such cars some years ago to Montreal, for shipment to the United Kingdom before the present, high rates went into effect. This was good business a-3 it invariably meant straight large cars of one length and size.
"Your company hauls wheat from Saskatoon to Vancouver, twice the distance and over the same mountain line, for 24 cen's per hundred. Wheat is a high class commodity and requires clean tight cars, and in case of leaks or wrecks you  face .serious losses. For
j was prepared to take the initiative, i The new society--will serve as an ally ! rather than a competitor lall fair. The fall fa.:r mus late enough in the year to permit the showing of ripened grains, but thus �3�'s the fair back so late that there are few flowers which can be shown, and very few small fruits. Will: the organization of a horticultural society it will be possible to huld a number of exhibitions in advance of the fall fair, and thus encourage floral and berry production.
John C. Kelly explained the reason for the organization of a society. In connection with the fall fair the exn*-bitio of grains and rooc crops is given first considera.t.:.on, and one exhibition could not include flowers and .small fiui\s and ripened grain and root crops. To set a fair date early enough forj.be I lower.- would make impossible the showing of ripened grains. As a matter of fact the date for the fall fair might even be set further back to advantage for the showing of grain and root crops, but any date suitable for the showing of grains and root crops would ;
be too late for flowers, berries and a I lumber, one the other hand, any old number of vegetables. Mr. Kelly com- | C;V" Will d?. and in the event of wrecks plimentcd a number of citizens upon i there ".s little or no loss, the interest they have shown in floral i "Therefore, as you handle wheat at culture ill the past, and on the lm-.i sucn a Iow' rafe, lumber with all the provenients they have made with j advantages mentioned, deserves a new boulevards and shade trees, and prp-j rat<* of 20 cents per hundred, or less, dieted the advance would be even more as we nuvo requested. We feel con-marked if an horticultural society j f'^ent, if you would stablish a rate of were instituted for their mutual bene- j not '"ore than 20 Cvrnts per hundred. ft, He suggested that in any decision j u would be but a short time until all fcr the holding of a flower exhibition i tne mil]s along the line would be op-prevision  should be made for the ex- ; erating, as it would give us a  chance
Whatever the outcome it is likely to "rovWo 'he disadvantage of Germany. Dr. Schacht's clever scheme has destroyed good" will in international trading, and seriously"affected Germany's csedit with foreign  nations.
SIR  FRANK  BARNARD RECOVERING IN LONDON
London, Jan. 31�Sir Frank Barnard, former lieutenant -governor of British Columbia, who/was severely injured in a traffic accident in this city some weeks ago. is reported as making good progress toward recovery despite his advanced oge.
was an accident.    The police made a killed.
rcarch in the vicinity of Anoka but found nothing and were inclined to believe the note received by Pcs'master Robertson had been a hoax. Now with twelve days having intervened and the family of the victim having failed to make contact with the kidnappers the noiice incline to the belief the note may have been genuine and that in some dispute among the kidnappers Bremer  may   have   been   accidentally
have been introduced in th? preparation of the statement which make comparison with results of the previous year somewhat difficult. An examination of the statement will doubtless show the municipality has slipped back a few thousand, probably as much as during the year 1932, but in view of the conditions prevailing this is no more than was. expected.
The tax levy in Prince George constitutes 60.5 per cent of the estimated revenues assuming a collection of 100 per cent could be secured, which would yield $63,701.19. but of Mrs total but S3-t.747.92 was estimated. The actual collections, however, were $3,246,92 short of the estimate, and S4.021.47 short of the amount realized in 1932 It is worthy of note, however, that wliile collections of current taxes were short collections of tax arrears held up. The estimate under this head of receipts was $10,648.23 and the amount realized is shown at $10,779.63. Of this amount $8,711.23 represents arrears. $458.55 agreements of sale, and $1,609.85 proceeds of tax sale. Incidentally the recoveries under this head constitute (Continued on Page Three)
hibition of house plants, as many flower lovers had not progressed beyond the house-production stage. - Mr, Kelly then submitted a motion tc the mreiing that steps be taken to organize and a decision in the affirmative was recorded.
The election of officers was thAi proceeded with. J. C. Kelly was proposed as president by F. D. T.iylor. seconded by M]rs. R. A. Renwick. Percy Homewood was nominated by H. S. French but declined to -stand and Mr. Kelly became the president by ac-clama'ion.
William Coop was elected treasurer and Mrs. C. C. Reid was elected secre-tary. S. E. Marling was elected vice-president. The following were elected directors: R. B. Carter, Mrs, E. Hilton Mrs. J. Dunn, William Lockyer and F. C. Saunders, Before the meeting adjourned Mrs. C. C. Reid osked that she be relieved of  the duties of see-
to get into the foreian market, whereas now we have none. It would also enable us to .ship during- the winter months when eastern orders are generally lacking.
"Trusting- you will give this matter your most careful consideration, and act as quickly as possible, awaiting your early advice.
LONGWORTH  LUMBER   CO.
There i.s .^o much at s'ake in this issue of freight rates that the council of the local board of trade have decided to support Mr. Jaeck and the other sawnvll men along the line of C.N.R. in their efforts to share in the waterborne timber trade of the province, and to enlist every pos.=:bli% agency to co-opera to with them. It is expected all available information on the fre'ght-rate question will be at hand for the annual meeting of' the board, when Its members will be given the opportunity to "go on record.    If a
take the place of F. C. Saunders on the board of directors, and Mr. Saunders would assume the duties of sec-retary.
ictaty  and   it   was  agreed she should | new rate will mean new business for
the railway, will afford needed employment in the district and stimulate business, it is difficult, to understand why it is withheld. The railway company is said to have given a very ad-The Young People's Society of Knox 1 vantageous rate on the carriage of United Church will meet on Sunday poplar logs to Prince Ruj>ert. to assist at the close of the evening service, the export of this class of timber to There will be reviews and discussions ; the Orient, and it is expected similar of Robert Brims and his poetry, and ; action will be taken in the granting Edward Bellamy's '�Looking - Back- i of a rate on lumber which w;ll admit, ward." All young people are invited.: the mills of this section �sharing in the to attend.                                               I expert lumber market.
'�?