The Winnipeg Tribune from Winnipeg, Manitoba, Canada • Page 15

U.S. Treasury Inflation as Likely to Increase Financial Chaos Causes and Possible Cures of Depression Are Re--viewed by Secretary By OGDEN MILLS (Secretary of the Treasury of the United 8tatee). Copyright. 193, by the North Amarlcan Nawapapar Alliance WASHINGTON, Feb. 18.

The irrclpltous fall in price that has aken place during the course of he lost throe years has Riven rise ell manner of economic malad-ustmenta. The price levels, not nly for commodities, but for rents, krvlces, are so out of line, oth In domestic and world mar- eta, as to reduce to a minimum he exchange of commodities, out the production and exchange of hlch the civilised world makes vlng and derives its wealth. As price relationships become dis-Drted so that exchange of goods oei not proceed freely, production oon exceeds consumption and Is lcreasinelv dammed up. Prices ill iurther. Commercial and In-U8 trial stagnation follow and we re confronted with the paradox, of overty in the midst of plenty.

Debts Are Piled Up In the meanwhile, with an enor- Iiously contracted volume oi dusi-w and a very much lower price val. the burden of payments on lobts piled up during the preceding la-iod of expansion ana nign ousi- less activity becomes unbearable. ebtors of all classes, governments. tt-noration. and individuals seek hllef from a weight that has be- lime crushing Since decreased, disordered ana Inclining prices appear on the sur-ice at least to be the most disturb- ig factor affecting trade and in- liistrv, and since prices ars ex- -esaed in terms or money, wntcn the medium throUKh wBlcn Uie Icchange of goods Is effected, there verv natural tendency to iook toon our currency system as the to the situation, and to lump to lie conclusion that currency can so man Id ated as to relieve tne lily too obvious ills from which the lorld is suffering.

Basis of Inflation I This Is the basis for the talk of flation of which we hear so much I eso days. In its crudest lorm, in- lition ia visualized as the process pumping out currency in one iiv or anotner. tne aiwumea let of which rents on the simple noeption that the level of prices i 11 have a fixed relationship to le volume of currency in circuia- nn iBut this conception even as ap- lied to "money1 in the broadest nse is altogether too simple. loney the modern world con st of currency only to a very liall exttnt. Money, particularly ths United States, consists of edit of all kinds, but principally that form of credit known aa a Ink deiposit.

Currency In circula- hn amounts to less tnan id.wxi,- i.OOO; bank deposits to about Circulation Involved IBut even the volume of bank edit does not tell the whole story. if we would relate money or edit to prices we have to take lo consideration the further fac- of the rate at which that credit I used, or the velocity of the turn- ler, for two dollars that are used Ice during a year obviously do more work in moving mercnan- ne than does one dollar used twice I ring a year. loreover. we do not live a kf-contalned country segregated lm the rest of the world. Our llces, currency and credit struc- rm are directly related to and fected by the situation in world irkets wnere our goods are ex- imffer for the goods of tne rest the world through the medium an international credit mechan- i).

rhe freedom of exchange and the Ices at which exchanges of our ia are effected are, therefore. luenced by the relationship be-een our money and the curren ts of other countries, expressed terms of dollars. it la aDDarent. therefore. In the 1st place that ws are dealing with nothing more complicated than I lid be reached oy a mere ex- nsion of currency.

Distorted Prices Blamed the second place, assuming we I lid bring about at will an In- in the volume and velocity I credit in use and that a general In prices might ensue, there nothing to Indicate that this pro of itself would restore a pro- relatlonshln between the prices different commodities or groups I commodities. In fact, it is con- Ivable that tt might increase the Lladjustment. I am convinced that are snif fing today from a downward kvememt of prloes and from tne evenness or mm movement, as 111 ss from the low level of prices. It is distorted price relationships llch retard production and ob- luct th exchange of commodities II thus remilt In a tremendously Itricted volume of business. II i volume of production and busl- could be brought back to nor- even at a comparatively low Ice level, many payments on pts would once more become rable and ths debts themselves ild In time be liquidated.

Credit Needed most be admitted, of oourse, It there are many debts that at bo written down or off. un priced can be brought to a NADA'S jlPREME REMEDY DUGHS and COLDS rhlnk of it 70 of ths good bple of Canada swear by Buck- Mixture (triple strength) and fcr It every time they need It pne little sip and the ordinary ign is gone, a lew aoees and tnat igh oM hang-on cough is heard more It's wonderful to watch speedily bad, lingering colds put out oi ousmesa. t's the same with bronchitis ht away ths tightness loosens up he bronchial passages clear re on your toes attain happy Vi breathing easier. J.nd Mere sometning else. Buek- starts at once to neutralize acid condition present and that DC tOO.

fou may need Buckley's Mixture Ight for yourself or tne cniidren get a bottle and keep it handy eta Ilka a tlssn a single sip ves it For your healths sake. tind Buckley's. Cheap imtta-are numerous. Advt. Head Sees higher level.

I make this point In order to Indicate that even if it lay within our power to bring about, inrougn some inflationary process, much higher price levels for all commodities, services, this of itself would not cure the situation so long ss tha maladjustments continue. This does not mean that I do not brieve ht highly desirable that prices should rise. I do most emphatically. I also believe that an ample supply of "money," or credit readily obtainable for both long and short time at low interest rates. Is an important factor In bringing about that rise; not because ample credit readily obtainable will of itself produce high prices, but because that credit, working through other economic factors, is an essen tial condition for increase In the volume of business transactions and thus in prices.

Bringing this credit into use, however, is apparently a very different question: ths actual volume of bank credit ia much smaller than three years ago: the velocity of bank deposits has been greatly reaucea ana tne estimated volume tions In this country in dollars at current prices during the year 1932 has been less than 46 percent of the 1929 volume. Money Is Avallabls This gives rise to a third point What reason Is there to believe that under our present domestic monetary system and policy the noorssary amount of potential credit Is lacking? Our stock of gold, ths basis upon which our credit structure rests, is greater now than in 1929, and would obviously sustain at least an equal amount of bank credit. The member banks alone have $600,000,000 more reserves than the law requires and could expand their credit by $9,000,000,000 without borrowing an additional cent from ths Federal Reserve banks. This brings us to the real Issue. I believe that while it Is necessary that easy money conditions should bs maintained, the remedy will be found in a series of steps and readjustments calculated to remove the barriers that now stand In ths way of the production and exchange of gooda, and that as commerce and industrial activity expand credit will simultaneously be sucked Into use and prices will rise.

The inflationists, on ths other hand, seek by arbitrary governmental action to force an immediate and wholesale expanalon of currency which they believe will force a rise in pricei that will In turn be followed by increased business activity. Dangers Of Inflation Three questions may fairly tie asked: First, have they diagnosed ths disease correctly? Secondly, can tney accompusn even tne limi ted objective of relief to debtors ana stimulation to business? And, third, are not the conditions which they will ultimately create likely to De innniteiy worse man those from which we now seek to escape? The first two questions, as we have seen, must be answered In the negative; the third, most emphatically in the affirmative. While there ars many, many schemes for increasing prices through currency manipulation, generally speaking, they fall into two classes. The first consists In direct or indirect inflation through budgetary deficits, governmental expenditures being arbitararlly Increased for this purpose. Various public work scnemes ana tne batman bonus bill are typical examolea.

The second class consists of a number of devices for debasing the value of the dollar by more direct action, of which the proposal to reduce the gold content may be singled out as representative, though they include a number of other plans such aa tha free coinage of silver at a 16 to 1 ratio. As 1 understand it, the justification for the latter proposal is based on the claim that the rate of growth of the world's gold supply haa failed to keep pace with the world's production of goods, and that ths scramble of the countries of the world for en Inadequate supply of gold has led inevitably to an Increased valuation of gold and a decreased valuation ot goods, or to lauing prices. Gold Stocks Increase The accuracy of the contention that the rise in the value of gold haa resulted from the failure over a period of years of the stock ot monetary gold to keep pace with Increasing production may be questioned on the basis of very strong evidence. However, the point does not seem particularly significant in the present discussion. It is clear that the precipitous decline in prices that has taken place since 1929 cannot be.

attributed to a gold shortage. The gold reserves of central banks and governments of some 47 countries representing the bulk of the world's stock of monetary gold ag-v gregated in the summer of 1929 about 10,145,000,000, and at the end of 1932 nearly (12,000,000,000. If the distribution of this gold among the countries of the world is not to the best advantage, this is an indication of other factors at work, but certainly not proof of a shortage of gold. Moreover, In spite of the disappointing failure of the gold standard to function satisfactorily among ths disorders of the last few years, I have not ths least doubt but that it we could again achieve order and balance In the world's production and trade, which are conditions of stability and growth, and If we could get the world once mora back on the gold standard and stabilizs exchanges, central bank managers have acquired knowledge and skill to mske more economlo use of the gold than ever before, so as to mske this gold a sufficient bass for a volume of credit which would finance all our activities on a much higher price level than exists today. Other Causes Sought The rise In the value of gold In terms of which many attempt to explain the recent world-wide de cline of commodity prices might better be thought of as primarily the reflection ot world-wide disorders which have cur.ained production, markets, snd trade, and have disturbed, snd In many cases completely paralyzed, the normal functioning of our credit and exchange mechanism.

But the heart of the position of the advocates of revaluation of the dollar Is ths claim that ths reduction of the value of the dollar, regardless of what had caused its rise, would bring about a rise of domestic prices corresponding to the devaluation. Such a contention should be subjected to the moat careful scrutiny before being accepted at its face value. Our devaluation of the dollar would Introduce a major disturbing element in the world-wide disorder of exchanges. I am inclined to believe that what would happen would be a further depression in world prices, accompanied by a slight increase in domestic prices, providing THE WINNIPEG EVENING TRIBUNE, SATURDAY, FEBRUARY 18, 1933 15 WHEN CHICAGO'S MAYOR AND FOUR OTHERS WERE WOUNDED BY WOULD-BE ASSASSIN yfy yztxf-i xsfjw i 4 1-'L l'" Sate i -n i i mom i i Imp on iwi other factors were not at once projected into the field. Disorder Increased It is not unreasonable to suppose that such action on our part would pull those countries still on the gold standard off the gold standard; that present disordered exchanges would become more chaotic; that currencies would tend to depreciate either Intentionally or by necessity still further; that trade barriers would rise still higher; that International 'trade would become further restricted; that world prices would fall lower, and that the combined effect on world confidence would bring in the train of such de.

velopments literally incalculable calamities. It must not be forgotten that this action would Involve a deliberate default on the part of the United States government of its own obligations, accompanied by a compulsory default of all those obligations that are payable in gold dollars of the present standard. Repudiation by the United States government, and breach of contracts coming at such a time as this, might well destroy the foundation of our entlM economic structure end postpono Indefinitely all possibility of world recovery. This ia a high price to fiay for a problematical and at best imlted increase in prices. Alternative Program There Is an alternative program.

which I have not the space to more than outline. If I were in a position to frame a program, It would take substantially the following form: First, a balanced budget; second, an easy money policy consistently pursued by the principal central banks; third, a definite attack oh the debt problem, not by wholesale treatment, but by setting up adequate machinery to deal with different categories of debts; fourth, a settlement of the foreign debt question; fifth, a stabilization of world exchanges by a return In the first instance to the gold standard by the more important commercial and Indus. phi countries; sixth, the lifting of arbitrary trade barriers. I believe that if these measures were carried through in a broei and c6nstructive spirit, the stimulus to world economy would be so great that thera would bs an immediate response In the way of an industrial and commercial expansion and ad marked Increase In prices, accompanied gradually by essential readjustments. MRS.

J. S. SHIER, 36 YEARS AT CRANDALL, DIES Special to The Winnipeg Tribune CRANDALL. Feb. 18 A ploner the Orandall dhtrlct in the person of Mrs.

J. S. Shier died at hr home here on Wednesday, Feb. 15, 1933. Mrs.

Shier waa born in Klrkton, Oat, in 1868. In March of 1897 she came as a bride to Manitoba settling In the CrandaH district where she resided nntil the time of her death. Mrs. 8hler wtaa a member of ths United church and a faithful worker in all church and community activities. Besides her husband she leaves to mourn her lor tw eons, Victor and Clarence at Crandall.

and two daughteif. Ermim at Brandon, and Edna at Tiltton, also two brothers and two sisters. Joseph In Vancouver, and William, Maud and Nellie of Kirkton, Ont. The funeral was held from the family residence on Friday. Feb.

17 at 2 p.m. Rev. A. J. Ridley offilated.

Burial was made In the Crandall cemetery. The pallbearers were six nephews, Harold and Joseph Kirk, Edward Shier. Juhn Smith, Walter Bcgga and Charles Lewis. Brandon City Council Studies New Proposals Taxation Phases Constitute Main Portion of Prob- able New Bills BRANDON, Feb. 18.

Pausing briefly in the course of their revision of estimates for the 1933 budget, members of the Brandon city council spent the latter part of their committee meeting Friday evening disousslng proposed changes in legislation which must be submitted to the provincial legislature before March 7. The city council had proposed taxing occupants' of crown property, such as the Brandon Mental hospital, and experimental farm' for school purposes, and in the opinion of R. M. Matheson, city solicitor, the city is within Its rights in taking such action. Mr.

Matheson based his decision on the legislation of 1928. A copy of a resolution of ths Brandon Taxpayers' association, concerning the formulation of a policy for taxation, payments of the school levy, and other matters of civic finance, was reviewed briefly by the council. It was decided to invite certain members of the association' to attend one of the budget meetings early next week. It was announced that a meeting between representatives of the council and the Retail Merchants' association will also bs held early' next week to discuss relief warehousing. The merchants had previously requeated that relief business should be done through the merchants of the city, rather than through the relief store.

The council passed a motion proposed by Alderman B. L. Patterson, that an allowance of 60 cents per month be made for each child at the city shelter. Commenting on the fact that the Children's Aid society has saved the city a great deal of money by their work during the past Alderman Patterson al.o asked that a letter of appreciation be forwarded to that association by the council. In keeping with the general policy of economy put into force by the council, it was noticeable that even the smallest Items of departmental expense came up for rigorous inspection throughout the evening.

-1 Radio Oil Refinery Fire Causes Little Loss Only slight damage was done by the explosion and fire which occurred at the plant of the Radio Oil Refineries. Munroe ave. and Watt Eaft Kildonan, stated Ben Hechter. president of the company, today. It is expected that the plant will be in operation ajfain next week.

The stock, aald Mr. Hechter, was undamaged, and damsge to the building would not amount to more than $600. Principal loss was that of recording Instruments valued at (1,000. TOP LEFT: Qulseppa Zsngsrs, the would-be assassin of Roosevelt, between two Miami policemen after he had fired the shots which wounded Mayor Cermack, of Chicago, and four others. His clothes were torn from his body.

Policemen at right is holding pistol which Zangara firad. TOP RIGHT) L. L. Lsa, city manager of Miami, aiding Mayor mayor was wounded by a would-be elect Roosevelt. Les In white suit, Democratic committeeman, is at Roosevelt waving to ths crowd from his csr at Miami just before tht would-bs ssssssln's shot was WORLD FIGURES 1 WHO HAVE DIED 4 Among the notable people who died Friday were: Montreal Mrs.

Jacques De Gaspe Beaublen. 45. only daughter oi Hon. Raoul Dandurand, opposition leader in the Senate, Toronto Grenville Carson Price, 42, prominent lawyer and brother ot Hon. w.

H. attorney-gen era! of Ontario. Ottawa Asa Gordon, 88, one of the oldest and most distinguished lawyers of the capital. London Sir Robert Donald, 71, noted journalist and publisher, former chairman ot the Empire Press Union. Paris Donald Reading McCurdy, 24.

son of Hon. F. B. McCurdy, of Halifax. New York Mrs.

Douglas Rohin-son, 71, sister of Theodore Roosevelt, former president of the United States. Tulsa, Okla John N. Markham, 62, who rose from oil field roustabout to presidency of the Petroleum Corporation of America. Hollywood George Bernard Fa-gan, 59, noted English playwright and producer. Quebec Mme.

Alice Savole, 78, widow of Hon. F. I. Savoie, member of the Quebec legislative council. New Bedford, Conn.

Captain Joseph master mariner Quebec Dr. Alex. Boucher, J5, well known physician. Ottawa John Kerr, 69, old-time hockey and lacrosse player, business man. Early Close Expected In Saskatchewan Legislature Special to Ths Winnineg Tribune REGINA, Feb.

18 Statement in the legislature by Hon. A. MacPherson, Thursday, that the estimates probably would be tabled on Thursday Indicated that the present session will be prorogued before Maroh 12. Only two contentious bills the debt adjustment and tax arrears consolidation act.s remain before the House. The former ia under consideration oy a special committee dealing with legislation, but the tax consolidation bill, as proposed, has not been given undivided support even from the government supports ens.

Enjoy the Thrill "Fresh from Anton J. Cermak after the Chicsgo ssiassin, who fired at President sscond from left. W. W. Wood, right.

BOTTOM) President-elect fired. In lower left-hand corner of picture appears Anton Csr mak, mayor of Chicsgo (heavy weight man with baited backed coat, With back to camera), who was ths victim of bullets Intsnded for Mr. Roosevslt These pictures wars rushsd to Nsw York by air mail from Miami, Florida, transmittsd by telegraph to Chicago and rushsd from Chi csgo to Winnipeg by sir mall. VIRDEN AREA ENDS STRENUOUS BONSPIEL PLAY Grand Challenge Won by N. W.

Miller's Local Rink Special to Ths Wlnnipsg Tribune VIRDEN, Feb. 18 The Vlrden and district local bonsplel was com pleted yesterday after ten days of strenuous curling. The winning rinks were as fot- laws Grand Challenge, first, N. W. Miller (skip).

Rothnle, L. Miller and Lane; second. Bright (skip) Hartley, Ward, Dodde; third, Gabel (skip), J. H. McKnight, Patterson and Mclntyire; fourth.

Glass (skip), Baker, Stacey and McEwen. President First, Bright; second, Miller; third. Nlchol, of Harms-worth; fourth. Glass. Premier First, Hood (skip), Bolteau, Anderson and Ne'son; second, O'Neil (skip), Odell, Down and Tapp, of Hargrave; third, Nlchol (skip), Heaman, Stlnson and N.

Gerrand, of Harms worth; fourth. Gabel (skip), J. H. McKnight, Patterson and Mclntyre. Consolation First, Dr.

Cllngan (skip), Chalmers, McBaln, and Johnson; second, C. O. Kerr (akip), McDonald, R. Gerrrand and Clark, of Maples; third, R. J.

Tlmms (skip). Palmer, Berman and as, McKnlgM; fourth, Ssnford (skip), Wilson, Smith and Jones. A mixed bonsplel sponsored by the Vlrden Ladies' Curling club will opt Monday next' MOLLISON MAY ATTEND WORLD GRAIN SHOW Special to Tha Winnipeg Tribune REGINA, Feb. 18 An attempt Is to be made to secure Captain J. A.

Molllson's attendance at the world's grain show, to be held at Reglna this summer. Visitors to the show may see the famous British aviator, as the Reglna Flying olub and the Municipal Air Boat 1 officials have joined with the grain show committee In making representations to the department of civil aviation. In the event bf Captain Molllnon making a trans-Atlantic flight this summer from Kngland to a tour of the Dominion may be arranged and a visit to the grain show will be arranged for. Seed Growers To Meet In Regina July '21-22 OTTAWA. Feb.

18. The annual convention of the Canadian Reed Growers' association will held in Renlna, July 21 and 22, It was announced here last nignt. Such features ss lectures, ad' dresses and entertainment will be practically omitted during the nneet- Ing, tne time Deing aevoiea to me asnociation Business. neleeates to the convention, it sntlciputed. will participate in the nrreram of the worlds grain ex hibition and -onference, which will probably open shortly after.

of Fine Quality t)iv Gardens su "WME Traffic Restrictions on Bay Railway Are Lifted Spscial to Ths Winnipeg Tribune ABO WD EN, Mile 177, "Hudson Bay Rsllwsy, Feb. 18. Following announcement that freight and passenger traffic destined for Churchill will be accepted without restrictions the Hudson Bsy railway, traders and others doing business In the north expressed the belief that the terminal port soon will be opened to the public. Little publicity was given to the announcement as it was thought unwise at this time to encourage an influx ot Intending settlers to ths Bay port Last year freight shipments and passenger traffic were handled witnout permu as far as Mile 327. From that point to the terminus shipments were accepted only after permission had been obtained.

CARSON PRICE, KNOWN IN WEST, DIES IN TORONTO Toronto Lawyer Was For merly Member of Saskatchewan Bar IBy Canadian Praia TORONTO, Feb. 18. Grenville Carson Price, prominent In legal circles and brother of Hon. W. H.

Price, attornev-general of Ontario, whose law practice he took over in 1923. died Friday night in Welles- ley hospital here. He was widely known In Saskatchewan. Mr. Price, aged 2.

entered tne hospital a week ago, and was operated on for appendicitis the following day. His wife, and two of his three brothers, Hon. W. H- and Rev. Dr.

P. G. Price, of Toklo, Japan, were at his bedside when he died. Surviving ars the widow, Mrs. Laura Graham Price; three young children, John Graham, June and Grenville Carson Price, Jr, and three brothers, Col.

W. H. Price, Rev. Dr. Price and H.

8, Price, Calgary. Grenville Price was well-known In political circles and at the time of his death waa president of Ward Nine Liberal-Conservative association. He unsuccessfully contested the nomination for Eglinton Riding in 1929. He was head of the law firm of Price, Cochrane and Company. He was born July 13, 1890, at Manitowanlng Island, and was educated at Gore Bay high school.

University of Toronto and University of Saskatchewan law school. He read law with Sir F. W. G. Haultain, E.

M. Bill, K.C., and the late E. McGraney, K.C, M.P. He was called to the Saskatchewan bar In 1914, and In Ontario in 1923. Mr.

Price enlisted with tha rank of lieutenant in ths 96th battalion Canadian Expeditionary Force In 1916, and was transferred to the 92nd reserve battalion on arrival in England. He served with ths army ot occupation. COURT REFUSES INJUNCTION TO POLICE CHIEF C. E. Edgett Unable to Prevent Naming of New Vancouver Official VANCOUVER, Feb.

18. Chief Justice Aulay Morrison In supreme court yesterday refused the application of Col. C. E. Edgett, recently dismissed chief of police, for an injunction against tne Doaro or police commissioners to prevent the board from appointing a new chief of polloe.

Col. Edgett's claim to recover unstated damages from Mayor Louis D. Taylor and Police Commissioners E. M. Charm an and A.

J. Dumaresq for alleged wrongful dismissal can proceed to trial. His Lordship indicated that he based his refusal of the application for an injunction on the ground that a restraining order would be futile. He had previously Intimated that the only point In the case was whether Mayor Taylor, chairman ot the police board, had to subscribe to the oath of police commissioner in addition to that of mayor. Plaintiff had raised this question In his statement of claim and alleged that the board was not properly constituted for ths resson that Mayor Taylor hai not been sworn In as a police commissioner snd that therefore Jthe dismlsssl of Col Edgett, on the casting vote of the mifyor, was Illegal.

HrTt ynar opportunity to trcurt? cony of tht ihw. enlantM and rivd I4ih ctJitioa of Brocks Book en Birds the aUnftan authority on the ctrf, frtding. breeding and trratment of car birds. 345 pa nearly 0 iiiuura-tions. RetTular price 25c, but to thnae sending 10c and the com at the foot of (hit advertisemcat, we wiQ send a copy this book, a liberal sample of Brrrks Bird Seed snd a cake of Brocks Bird Treat ft wonderlui tucic that improves tbt plumage and gonj of your bird.

ON QUERIES FAIL TO GIVE CLUE TO KIDNAPPING Meanwhile Searchers Beating Brush in Wyoming Border Country By Associated Praaa DENVER. Feb. 18 A despairing family waited patiently for word from the kidnappers of Charles Boettcher 2nd. Wearied authorities questioned and released a reputed rum runner. Searchers beat ths brush In mountainous country along the Wyoming border.

Arrest of Jack Stingley, 35, whom officers identified as a liquor runner, brought momentary hope to the family. It collapsed when District Attorney Ray Humphreys, who said he had believed Stingley possessed valuable Information about the abduction Sunday night, ordered his release after several hours of questioning. Stingley was a companion of N. W. "Red" Mitchell, who, Mrs.

Anna Lou Boettcher, attractive wife of the missing broker, said resembled one of the kidnappers who thrust Into her hands a not demanding fbC.Ouu ransom. Release of Mitchell also has been ordered by Police Chief A. T. Clark, who' said the case against him apparently collapsed. Humphreys revealed tha kidnappers had changed motor cars four blocks from the Boettcher home.

He said an Informant told of seeing a small sedan stop near a larger one. Two of three men In tha light sedan hurried a third man Into tha other car. Tha machines darted away In opposite directions, ha said. Meanwhile a carload oi county authorities, armed with machine guns, raced northward toward tha Wyoming line, presumably on -a search for Boettcher. Another squad went southward to Investl- fats a house which Clark said had een rented recently "by soma foreign people." BLACKSMITH SAVES LIFE OF SICK CHILD Special to Tha Winnipeg Tribune) WATSON.

Feb. 18. Gordon Hicks, Leroy farmer, owea tha life of one of his children to John Romanluk, blacksmith, who mads a rush trip with a cylinder of oxygen from Watson to Leroy to aid tha doctor in his fight against double pneumonia. When tha supply of oxygen at Leroy was exhausted. Dr.

Cam- eron, municipal doctor, tent out an emergency call for more. Romanluk rushed a cylinder to tha town on Saturday morning's train, and when ths child responded, sup-piled a second cylinder In tha evening. The second tank waa taken on a track speeder which made a special trip. Ths child Is reported to be out of danger, saved by tha oxygen supply. JUST "DRAGGING ALONG?" "-day after day, Buffering that deadly lassitude that robs one of all ambition and even the necessary energy for little tasks irritable, nervous and depressed? Phosferine will help you Its soothing action is immediate.

See how quickly E3U will have new energy and ealth how easily you relax and how troubles melt away-how refreshed your whole system becomes. Phosferine ia equally beneficial toe juJultS and Children, uuiuren. PHOSFERINE THE GREAT BRITISH TONIC FOR Karma DaMBty Nemusnca Fatiiras Indifaatna Inacanma Anaemia Raunfcd Convakannce Loaa of Appctit aU Your Drug Sfora Vn Liquid mnd Tmblmt Form 50c, $1-10 and $1.90 Thai laratr sixes are mors economical Canadian Dlatrlbuterai FRANK BENEDICT A MONTREAL -71 DICK Wants You to Gend for this Book Dinos MAIL THIS COUPON NICHOLSON BROCK, LTD. Gtotn Toc.Mto i. Ig TVar Jirjt plfas find 10 irnU fc Hiockt Book on Bmfc.

a laraple of Bricks Binl Seed and Braiu Bird Treat, aa advartiaao, tVaK ioUrai.