| | THE DAILY NEws THE LEADING NEWSPAPER IN NORTHERN BRITISH COLUMBIA ~ Published Daily and Weekly Guaranteed Largest Ciroulation I. F, MeRAR, EDITOR AND MANAGER HEAD OFFICER Daily News Building, 3rd Ave, Prince Rupert, B.C. Telephone 98, TRANSIENT DISPLAY ADVERTISING—50 cents per inch. rates on application. DAILY EDITION aye Monday, Nov. 2, 19144. EDIT few that this country was visited by a modi- will be remembered a years ago when fled money panic it was diseov- ered that the Canadian Banks had shipped available cent to New York, while the Ca- nadian people suffered for the want of it. In view of these facts it will not be surprising to find that the Canadian banks were again playing the same game when war was declared and as a consequence got thir- ty-four millions of good Cana- dian money tied up when the New York Stock Exchange closed its doops. As this money is still tied up, Wali Street not having opened, it will be un- derstood how necessary it was for the banks to receive gov- ernment support and perhaps gives a reason for the tight- ness of money in spite of gov- ernment assistance. * * «@ For several years past a campaign has been carried oh to show how fortunate Cana- da was in having such a strong and flexible banking system. Strong no doubt it is, but re- cent experience has shown that it is ceratinly not flexible and one of these days Canada will wake up to find out that she is in the grip of a real Monéy Trust. Whether our states. men will be strong enough to take this business in hand at once as the United States has done it is yet impossible to say but the day is not distant when this must be done. Not only have the banks too much pow- er but the whole system is wrong. In finance, like in gov- ernment, centralization is ab- every reason why O RI ALS solutely wrong in an enlight- ened age and this is what we find in our banks. Not only that, but a system of branches should not be tolerated for it puts the whole country at the merey of a few head offices. * @ 6 When the Canadian system is compared with even the American it appears to great disadvantage. Across the line a bank is not allowed to have branches. Consequentiy the owner of the bank usually liv®s where his bank is situated and usually has all his interests there. Besides that, he is quite familiar with all the local con- ditions and is a much. better judge of local credit than a general manager a thousand miles away. In Canada some financial magnate in Montreal gets the ‘creeps’ and he im- mediately wires his bank branches all over the West to pull in, without any considera- tion of local conditions. Again, he may see a chance to place a big sum of money in New York at a big rate of interest and withholds legitimate credit all over Canada in order to gratify his passion for gain. Local complexion and competition is what is wanted to straighten out the banks of Canada. . * . A lumber dealer in Vancou- ver a week or so ago had an opportunity to dispose of a large shipment of logs to an American firm. Before he could move them, however, he must pay for them in cash. The banks of Vancouver flatly re- fused to advance the {money even for a few days and know- Uniformity In Flour means uniformity in results. That is the ROYAL STANDARD FLOUR is such a favorite in the home where bak- ing is popular. of using the very best wheat all the time and of making flour the way we make it. You can depend on all your baking to be as good as it was the first time that you used This feature is the result ‘Royal Standard ~ Flour F. G. DAWSON, Wholesale Distributor. PRINCE Oontract ing that the sale was already made. Consequently the deal er Was compelled to cross ove! to Seattle and secure the nec essary funds to do business in Canada. That tion shows towns spring very transac why up faster than those in Ganada. The Ameri ean banker on account of his local knowledge is a_ better judge of conditions and ean do more for a city than a bank with its headquarters thousand miles away. American some FLOWER GIVES, uP ‘FIGHT FOR LIBERTY Agod Promoter, Broken in Health, Money Gone, Pleads Guiity Larceny Charge. New York, Oct. 30.—Dr. Rich- ard C. Flower, promoter of min ing enterprises, who! after being indicted here on a charge of lar- ceny growing out of his transac- tions, evaded arrest from 1903 until he was caught in Toronto last Wednesday, pleaded guilty in the Supreme Court to two indict- ments charging him with grand larceny. He was remanded til next week for sentence. Broken in health, old and pen- niless, the man whe to have made millions through min- ing swindles, declared he did not care to- fight conviction § any longer. When Justice Davis told him to econsideg his action care- fully, he repliéd: “I have considered. I have spent all the money I made in trying to get out of being obliged to do what [T now do volun- tarily.” Justice Davis, while accepting the plea of guilty, appointed counsel for the aged man, and advised him to consult with the lawyer before being arraigned for sentence. Dr. Flower was indicted on five counts by a grand jury in New York in 1903, when he was charged with the larceny of va- rious sums from women whom he induced to invest in his min- ing enterprises. un- is said The showers that fall here mere- ly chill you, THE DAILY NEWS CHARACTER SKETCH GENERAL VON KLUCK Only Gerfhan Leader Who Has Risen From the Ranks. The prominence of the name of General Kluck in the oable dispatches of the first two months of the war has served to impress the American public with a belief in his generalship; and this in spite of the fact that very little von been published concerning rhe only source of information seems has this game and elever warrior to be “Wer Ist's'’—the German Who's Who.” There one learns that Von Kluck is. 68 years old, born pf a and a soldier sinee his nineteenth He fought in the wat Austria in 1866 and in the War. At the break of this war he was in com- middlesclass family, year. with Fran- co-Prussian out- mand at Koenigsberg; since then he has won the attention and the admiration of all observers by his masterful advance on Paris through Belgium. A_ celebrated military expert in The Nether- lands is quoted as asserting that Von Kluck is more than the “buf- fer general” that some have call- ed him since he has withstood the Allies’ major attacks. In a dispatch to the New York Herald the Dutch general is credited with the statement that Von Kluck is in reality the Kaiser's only hope in the west. There are too many princes, he says, in command, in- experienced, with an utter disre- gard for human life, and unac- quainted with the men with whom they are fighting. Outside of these, he insists, the generals now leading the Kaiser's armies are, for the most part, men who have been for some or many years on the retired list. There is left none equal to Vo Kluck, who, says the Hollander, would have achieved lasting fame already in his intended capture of Paris, had not the plans of the General Staff been modified. Of his personality and the part it must play in the present situa- tion, we learn: They stood the test when all others failed. They give real foot comfort. They have no seams to rip. They never become loose and baggy as the shape is knit in not pressed in. They are GUAR- ANTEED for fineness, for style, for superiority of ma- terial and workmanship, ab- solutely stainless, and to wear six months without holes or replaced by new pairs free. OUR FREE OFFER To évery one sending us 50c to cover’ shipping charges, we will send, sub- ject to duty, absolutely free: Theee pairs of our famous AMERICAN SILK HOSE with written GUARANTEE, any color, or Three pairs of our Ladies’ Hose in Black, Tan or White colors; with written GUARANTEE. DON’T DELAY—Offer ex- pires when dealer in your locality is selected. Give color and size desired. International Hosiery Co. 21 Bittner Street Dayton, Ohio, U. 8S. A. They do not muss you up and] He is a fine officer, tall, thin, and kill you. truly Latin in aspeet, except for But over there the rains arejhis spike helmet®and his tooth- snorters, brush mustache. He owes his It showers bombshells hurled|/rank neither to noble birth nor from mortars. to intrigue. In faet, he reached the rank of colonel before the Emperor bestowed nobility on GUARANTEED him, and he apparently did not FREE American Silk eare very much about being “Von HOSIERY Kluck” after having been for so We Want You to Know many years simply “Kluck.”’ These Hose The general is thoroughly pop- ular with his soldiers, partly be- eause he treats them well, partly because they recognize him as a real chief, a true leader. He is a German |= on strategy make him an author. of course, ity-—neademically, on military science The court ignores him beeause he is “not born,” and because he has only been a few years allow- “von” be. fore name; they given him a rude nickname “Gen- eral Von Ungluck” (General Mis- but the few unpreju- diced people belonging to the) military clique in Rerlin as wel | as the military atlaehes, have al- ed to write the pretix and have his fortune), | ways recognized him as an officer of outstanding ability. He is in many respects, how- ever, an exception in the German officer corps, and should he prove do and what would Germany whom would she give the com- mand o{. her army? Iam told that such veterans as General von Bernhardi and Gen- eral von Pritwita und Gaffron| have been approached and asked} if to place | their sword, however rusty it may | be, at the disposal of the Father. | land. Even the Field Marshall Haesseler, who 81, has been asked ;and it seems probable that they will all aceept any command that may dered them.—Literary Digest. they would consent veteran von 18 | be ten. JUDGE URGES ENLISTMENT. London, One., Nov. 2.-—Mr. Jus- tice Lennox, at the opening of the Fall ~Assizes here, urged the grand jurors and all present in the court room to further enlist. ment for the war by all means within their power. The Buro- pean conflict he termed a right- eous struggle, and counselled that Germany's resources be not underestimated. 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