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Canada’s forthcoming war loan can readily be ex- pected to match the pattern of financial policy that will be universally recognized as sound, and one that reflects the benefits of experience from the last great war. Bor- rowing, in this instance, is a means only of bridging the margin between the amount of money obtainable by taxes and the actual amount needed to pay the costs of a gov- ernment at war in defence of freedom. v. u..- ._ Recognizing the pitfalls of her experience in the last war, Canada. on this occasion. is facing the problem of war financing in forthright manner. Canada’s financial machinery has enabled her to set a course at the outset of the new world war that would have been virtually im- possible in 1914: it will enable the Canadian people to avoid many of the demoralizing consequences of war, and post-war readjustments. such as befell Canada and many other countries in the last great conflict. This war is to be paid for, in so far as possible. as it is fought. rather than to hazard a repetition of inflaâ€" tionary price movements spiralling to an inevitable and expensive day of reckoning. For the past 20 years. Canâ€" ada and other countries have been paving the price of inadequate machinery, lack of precedent and foresight in financing the last war. Canada now has a broad and com- prehensive taxation system and the financial machinery required for exercising the control that is necessary to carry out a policy that will finance the heavy expendiâ€" tures involved under wartime conditions without giving rise to unfortunate maladjustments and their inevitable aftermath. In recent years, Canada has pursued a moderate pol- icy of expansion in company with the United Kingdom. Sweden and certain other countries. In conseauence of that policy. Canada was able to reverse the deflationary trend of the early depression years and to facilitate an expansion in national production and business activity that has been more consistent and prolonged than in many other countries. She has also effected a general recon- struction of her debt through refunding loans at lower interest rates and has repatriated. during the last five years, over $900 millions of Canadian debt held abroad. The net result has been to effect a substantial decrease in the cost of Government debt and to strengthen greatly Canada’s credit posit-ion. The new war loan, like probably all loans floated by Canada during).r this war, will be on a domestic basis. Can- adians will provide the principal and receive the interest. The debt will he owed to ourselves in Canadian funds and will. therefore, not give rise to the difficult exchange problems and real burdens to the country which are in- herent in external borrowing. In borrowing within our country, the Government hopes to see some of the real savings of the people converted into war loan bonds. The latest available figures show a, total of 81.734.800.000 of savings accounts held by depositors in chartered banks, the highest figure in the history‘ of the Canadian bank- ing‘ system. These deposits are held in over 4 million accounts. which probably means that one out of about every three people in Canada has a savings account. By converting.r real savings into war loan bonds. the individual can make a vital contribution to Canada’s war effort. and at the same time secure for himself a safe and profitable investment. This is a demom'atic war by a democratic. cmintrv, and the war effort in evenY phase is organized and con- ducted on a democratic basis. This shows un clearly in the financial policy of the Government in 93minq to preâ€" vent shifting of national wealth and income to narticular groups or sections of the country. which would be an un- desirable feature of other methods of financingr the war. uvu-;u~.\. nvuvu- ‘V In announcing its taxation policy, the Government has pledged itself to the principle of equality of sacrifice on the basis of ability to pay. In its borrowing to supple- ment taxation. the Government is making“ every endea- vour to follow out this democratic principle, and by a Widespread appeal to give every citizen an opportunity to make a voluntarv contribution to the success of the war effort by converting his savings into War Loan bonds. The loan is open to popular public subscription. Clear- ly the call is strong. because the most emphatic demand is the moral obligation of everv citizen to grfiard iealously the rights of freedom and shoulder his share of the bonds just as thousands of others are shouldering arms. King George had no thought of mystifying the liter- ary world when in his Christmas Day radio talk to his people around the Empire he quoted a few liines from an unknown author which were wonderfully appropriate to the occasion. Immediately, however. poet-tasters and lit- erary critics everywhere commenced an unavailing search for the unknown author of the beautiful lines. An anonymous phone call to the British Broadcasting Corporation solved the mystery. Miss Minnie L. Haskins, a retired tutor of the London School of Economics. now living,r in Sussex, wrote them shortly before the beginning of the last war. The whole poem, from which the lines were taken, is as folloyvs: “So I went forth and finding“ the hand of God trod gladly into the night. And He led me towards the hills and the breaking of the day in the lone east. “So heart be still. “What need our little life, “Our human life to know. “If God hath comprehensions?” Miss Haskins. from absolute obscuritv. has now be- come, thanks to King George. the most talked of literary figure of today. and the newspapers of the English speak- ing world are printing pages of copy about her. Estabfished 1878 AN INDEPENDENT WEEKLY PUBLISHED EVERY THURSDAY AT RIGHMOND HILL THE LIBERAL PRINTING 00.. LTD. J. Eachern Smith, Manager Member Canadian Weekly Newspaper Association Subscription $1.50 per year â€" To the United States $2.00 Covering Canada’s Best Suburban District Advertising Rates on Application. TELEPHONE 9 GOD KNOWS “I said to a man who stood at the grate of the year, ‘Give me a light that I may tread safely into the unknown,’ and he replied. ‘Go out into the darkness and put your hand into the hand of God. That. shall be to you better than light and safer than the_kn0wn )7) way . r A - H __ PAGE TWO THURSDAY, JANUARY 11th, 1940. SANITY IN WAR FINANCING “INTO THE HAND OF GOD” “THE LIBERAL” (Contributed, Special to The Liberal) ‘ The Great Pyramid of Cheaps: stands upon the plateau of Gizehr and is situated about 8 or 9 miles from the flourishing city of Cairo” which is the largest centre of popu- lation on the African continent. I visited this historic monument on numerous occasions during those fateful war years of 1915 andi 1916. Perhaps m'y clearest and most lasting impressions of this great structure date back to Xmas Day 1915 when. in the company of Dr. Norman Freeman, now located at» Battersea, Ontario, I climbed! to its summit and there cut my name in the limestone with a knife which I had! carried: with me from Canada. Never shall either of us forget the enrarptuJ-ing' scenes spread out be- fore us in every- direction; as we stood on the top of that most hm portant of the Seven Wonders of the Ancient World. The Great Pyramid was built by Gheops or Khufu, the second king of the 4th Dynasty, 3738 B.‘C., who called it Khut. His name was found' written in red ink upon several of the interior blocks of stone. History records that 'Cheops shut up all the temples, forlbaide .his people to offer sacrifice and ordered them all to work for hims'elrf by hauling stOnes from the quarries situated along: the course of the upper stretches of the Nile according to information re- cently released by archaeologists They worked in parties of 100,000 men in three months’ shifts. It took 10 years to ha’ul the rblocks of stone along a roadway built of polished stone and 20 years in the erection of the pyramid. None of these masses of rock had a content of less than 30 culbic feet and they were jointed with the greatest exactness. It was Ibuilt in the form of steps and the great stone [blocks were raised 'by means of machines made of short piece-s of wood from one crossa or bomide to another. The ‘number of machines was equal to ‘the numlber of ranges or steps. 1 It is difficult for one who has never viewed it to secure any ade- quate or even an approximate idea as to its size "but it may ’be stated that becfore the outer covering was removed by the Aralbs several cen- turies ago to be used in the con- struction of Mosques in Cairo, it was reported to ‘be 768 feet square on the lease, to be 481 feet in per- lpendicular height and to have a sloping height on each side of 610 feet. The angle at which the side rises is approximately 50 degrees. Now that the outer covering- has been removed the dimensions are given as 750 feet square on the base 568 feet on the slant and 451 feet in perpendicular height. Calculating on these measurements and deduct- ing- -the foundation r001: in the ini- terior as well as the hollow chant. lbers it fonmerly had a culbic content of approximatehr 3.280.000 cubic yards or 818,560.000 cubic feet and covered about 13 acres of ground. Recently I computed there is suffiâ€" cient stone in it to build a wall 4 feet high and one foot wide around the whole coast of France with all its indentations and rocky points. I also, calculated there is albout enough rock in the Great Pyramid to "ouild a wall 5 feet high and 1 foot thick along the old Grand' ‘Trunk Railway from Toronto to Montreal, a distâ€" ance of 3'33 miles. 1 The entrance to this Pyramid- is the north side on the 13th tier of rocks about 48 feet albove ground. It would be difficult to describe the' interior passages of the Great Pyra- mid, sufrfice it so say that a visit to different parts of the interior is found 'by the average tourist to the comparatively uninteresting, quite fatiguing and‘ foul smellingâ€"not un- like that of dead rbats. Passing through a passage-way 3% feet high an 4 feet wide one suddenly comes to' a rather albrupt turn about 60 feet from the entrance and after going about twice this distance comes to the Great Hall which is about 150 feet long and 28 feet high. Passing through this hall thereafter one goes through a narrow passage for the short distance of 22 feet and finds himself in the King’s Chamber which is 35 feet 'by 17 feet ‘by 19 feet and from which air shafts 234 feet and 174 feet lead to the outâ€" side. Inside this chamlber lies the empty, coverless, broken, red gran- ite sarcophagus of Cheqps measur- ing 7% feet by 31/; feet 'by 31/3 feet. The Queen’s Chamlber which is about half the size of the King’s Chamber has a roof of magnificent masonry work, 'but is otherwise of little interest. What impresses one most regardâ€" ing the Pyramfi of Cheops is the enormous amount of physical energy which THE LIBERAL, RICHMOND HILL. ONTARIO Scenes I Have Visited ust have been expended in- its construction; its huge size; the accuracy of workmanship; the pur- pose for which it was built and the magnificent View afforded from its top which is about 30 feet. square. Quite frequently we are asked the question: Are early hatched chicks more profitable than late hatched' ones? While we have always ad'- vised getting chicks early, we had no actual data as to which gave the greatest returns, until recently, when an experiment was: concluded by us. This experiment involved some 800 :hioks which were divided into two groups, the first g'rOup were hatched on: Felbruary 2nd, the second group on May 10th. The results obtained from this ex- periment should pnove to anyone’s satisfaction», that early batched: chicks are by far the most ‘profit- able. In both cases the chicks were figured at 120. each at 1 day old, and lab-or and overhead was not in- cluded! in the costs 'n either case. The following are the results: Felb. 2nd, group No. 1 costs 400 chicks . . . . . . . . . . . . . . . . . $ 48.00 Mortality at 6’wk»s. 10 chicks 1.35 Cost of heat for (brooding .. 12.00 Cost Of feed‘ first 12 weeks 98.50 Cost of feed next 10 weeks, pullets only . . . . . . . . . . . . . . Mortality during laying per- iod, 6 birds . . . . . . . . . . . . . Cost of feed during 52 weeks of laying- . . . . . . . . . . . . . . . . TOTAL COST . . . . . . . . . . . . . $527.13 LPullets started laying- at 5V2 months of age. In 52 weeks of lay- ing, average per bird was 243 eggs 'I‘O'I‘AJL RETURNS Cookerels sold] at 12 weeks @ 78¢. each. . . . . . . . . . . . . 243 eggs per bird, average price 25c. dtoz. . . . . . . . . . . Net Profit . . . . . . . . . . . . . . . . $576.18 May 10th, group No. 2 400 chicks @ 12c. each ....$ 48.00 Mortality at WkS. 4JO chicks 5.27 Cost of heat for \bnooding Cost of feed, first 12 weeks Cost of feed next 10 weeks, pullets .-on'1y . . . . . . . . . . . . . Mortality during laying per- iod, 27 birds . . . . . . . . . . . . Feed cost during laying per- iodJ . . . . . . . . . . . . . . . . . . . . TOTAL COST . . . . . . . . . . . . . $510.42 Pullets started laying at 6 months. In 52 weeks of laying, average per bird was 204 eggs each. RETURNS Chick’n Chats Cockerels 204 eggs per rbi price 256. (102 TOTAL RETURNS . . . . . . . . $795.70 Net Profit . . . . . . . . . . . . . ,. ..$285.28 This shows that the February hatched birds made almost $200.00 more than those which were hatched in May. Both groups of birds were from the same breeding stock, had the same care and! were fed the same feed throughout the experi- ment. In addition to the ,extra. pnofit from the early hatchew chioks, they grew better, feathered out better, and in general‘were much more satâ€" islfactory in every way. We are now more than ever convinced' that early habchetfl chicks pay real d‘ividtendls. The egg market has continued very weak and] further price reduc- tions have been made. Prices now are considerably below those of a year ago. It is felt in some quart- ers though, that a more favorable situation will develop shortly. Country dealers are quoted on graded] eggs, delivered at Toronto, cases free: Grade A large . . . . . . . . . . . . . . 23c. Grade A medium . . . . . . . . . . . . . 21c. Grade A pullets . . . . . . . . . . . . . . 18c. Selling Grade A Grade A Grade A CEREALS, FLOURS, FEEDS CONCENTRATES & TONICS BALED HAY & STRAW Phones: Day 139 Evenings 82W RICHMOND HILL, ONT. THE MILL (By E. W. Ans-toy) sold at 12 weeks each . . . . . . . . . . . . per bird, average prices to retail stores: large . . . . . . . . . . . . . . med'iurm . . . . . . . . . . . . A pullets ., . . . . . . . . . . . . . RETURNS . .$1103.31 . . $576.18 . 959.50 $1443.81 300.08 263.50 722 .50 58.20 97.90 52.25 40.50 7 0 .220 THE BELGIAN GATE A Blitzkrieg without speeding tanks is inconceivable. But if Bel- gium’s new “Chinese Wall” of mov- able steel gates meets specifications and is incorporated into the defense of other amnies, the tank will cease to speed. The tank can smash and surmount most stationary walls of masonry. It can usually straddle or avoid: a tank trap. Isolated fields of con- crete stumps or steel ties set diag- onally upright can 'be detoured. But the Belgian gate is apparently the most ingenious obstacle yet devised. It is mounted' on steel rollers like those usedI to level tennis courts, yet it has such a broad] base that it cannot ’be overturned. It can easily be tranapmtedi from place to place by tractor. Interlocked with other gates for mile after mile it ofifers a formidable barrier across an en- tire countryside. Instead of smash- ing through the gate, the tank can only push it along with increased difficulty. The result is to slow up the attack and immobilize the attacking units under the shell fire of the defenders. There is no more vulnerable olbject than a halt- ed! tanlk. It is Ibelzle'vexfl by the Belgians that it will take heavy artillery b- batter down these gates. Tanks d0 not carry such artillerv and could not stop to use it if they did. When tanlks lose speed they have 1091: the battle.â€"-Ne'w York Times. INSURANCE LIFE. FIRE. ACCIDENT. SICKNESS PLATE GLASS. AUTOMOBILE BURGLARY. GUARANTEE BONDS SPECIAL RATES TO FARMERS ON ALL CARS TARIFF & NONTARIFF CO'S A. G. Savage TINSMITHING FURNACES - PLUMBING HEATING Septic Tanks Installed Pumps Barn & Stable Equipment 74 Yonge street Pre-war Prices on Winter Clothes Phone 49J R. H. KANE Phone 12 Let us take care of your Cleaning and Pressing Requirements. Our driver will call or you may take advantage of our law cash and carry prices. =O=O=O=0=O=0= Cities Service Garage A large stock on hand and our extensive orders for high quality materials enables us to offer to the people of York County Winter Clothing at definitely Pre-War Prices. We have choicest materials to choose from and we are offering them to you at prices which will challenge comparison. Suits, Winter Overcoats, and everything in the clothing line hand tailored to your measure at prices no more than you pay for ready-made. Our trade mark is your guarantee of expert workmanship. RICHMOND TAILORS Old Post Office Richmond Hill HEADQUARTERS FOR Body and Fender Work Gasoline, Oils and Greases, Auto Accessories REASONABLE STORAGE SEE US TODAY â€" DON’T DELAY OE” 29 Yonge Street THURSDAY, JANUARY 11th, 1940. J. A. Greene JONES COAL Co. Langstaff, 0nt., Phone Thornhfll 78 Lehigh Valley BALING Hay & Straw GOODISON FARM MACHINERY TRACTORS â€" THRESHERS ALL KINDS IMPLEMENTS Having taken over Moore Bra. baling business I am pre- pared to bale hay and straw on short notice. Price rea- sonable. Latest facifity for moving outfit. ANTHRACITE “The Coal That Satisfies‘ Successor to Moore Bros. Phone Stouffville 7313 Gormley RR. 1 PERCY COBER C. Matthews Telephone 188 Richmond Hill Richmond Hill zo=o=o=é