THE WIDE WORLD

Poverty Bay Herald, Volume LXII, Issue 18596, 5 January 1935, Page 8

THE WIDE WORLD

Points of View

Some Newspaper Opinions.

GILT-EDGED BOOM London Daily Herald: The boom in j gilt-edged securities speaks for itself. There is so imn-.li money about in excess of prosenl industrial and commercial requirements tliai it is spilling over into the gilt-edged marluM. Now this is all very well for some interests in rlie city, but it is not ai all well for the nation as a whole. Tlie flow of money streaming on to the giltedged market ought to he streaming into industry and trade. SCAEEMONGERING Belfast Telegraph: Condemnation by General Paints of what fie rightly described as senseless war talk is very timely. The curious thing about it. lie said, is that the pacifists are mostly responsible for the scaremongering. This is perfectly true. There is an old saying that if a thing is repeated sufficiently often people will come to believe it. 'flic pacifists never weary of proclaiming that wo are on the brink of another war. AN EDITORIAL POLL Louisville Courier-Journal: Concerning the factors which in The judgment of editors would contribute most toward increasing business confidence, from 'id per cent to 7'! per cent noted "decreasing Government control," "decreasing Government expenditure," "balancing Budget," "stabilising currency." Only l't.7 per cent favored "inflation of the currency," and only S.S per cent "increasing Government control."

THE NEWSPAPER IN THE SCHOOLROOM Saint John Telegraph-Journal: The value of tin 1 daily newspaper in the classroom for the teaching of current events and for other educational purposes is becoming constantly more and more, appreciated. Many teachers are encouraging their pupils to keep abreast of the times, to acquire a wider knowledge of words, and to advance in other ways, by reading the daily papers, and the results are reported to be highly satisfactory, LET SPORT REMAIN SPORT Montreal Star: True sportsmen everywhere will surely endorse' the plea made by Mr. Sopwith at the Pilgrims' dinner in London for more sport and Jess business in sporting events. It is, a.s Mr. Sopwith says, ridiculous for anybody to get worked up to the point where they are losing sleep over sport. The spirit of clean rivalry is a splendid thing, but that is not what keeps men nwnke o' nights. The evil is not confined to any one country. It lias spread until it has become a sort of general di.sease, more acute in some places than others, like all diseases, but spreading its blight in almost every sporting direction.

VERBATIM London Observer: The Archbishop of Canterbury lias observed that there are only four people who nowadays enjoy the honor of a verbatim report. —the Prince of Wales, the Prime Minister, General Smuts, and ,Sir .Fames Panic, in Victorian times at least half-a-dozen, statesmen could count upon that, distinction. How far it is the art of oratory that has declined, and how far the public interest, in politics, might be matter of debute. The host modem speeches, in point of form, arc of the after-dinner variety, which are seldom reported at all. The address from a 8.8. C. airchair, delivered without the stimulus of a visible audience, has not yet acquired any distinctive graces.

PAKTY—PARTY—PARTY Montreal Star: Party—party—party ' —while sweat shops starve their victims and legitimate enterprise halts in its march toward recovery lost it he knocked into the ditch by a bitter "party dog-fight." Canada is to-day a horrible example of irreconcilable partyism wrestling for the spoils of office while our two railways bankrupt eacli other, while our national debt reaches colossal proportions, while we can feed our hungry and care for our penniless only by running to the moneylenders and further mortgaging the country, while, our currency is menaced by the worst, evils of ruinous inflation, while this nation is in greater danger than it was when our boys enlisted and went -overseas to fight the insolent challenge of the Hun. A HINT TO THE LEAGUE Montreal Star: .Taponitis is a disease from which the League has suffered on more than one occasion. In fact, the League can always be depended on to start trouble when there isn't any. It may not be a bad idea for the Mandate Commission of the League to shut up shop at Geneva—where it is simply marking time and making trouble while the Powers holding mandated territory do the work—and take a trip around the world to inspect mandated territory. If there is one little fault that seems to be a common possession shared by League members as soon as they reach Geneva, it is the capacity for absorbing the improbable and for attaching undue significance to the trivial. It would be so much more to the point if half the League's innumerable commissions were to adjourn sine die and leave the others to do the work for which they are really qualified—such as directing opposition to the drug traffic and collating tariff statistics. THE WORST KIND OF GAMBLING Ottawa Citizen: Quite plainly much of this grain exchange business is iniquitous. CI should he criminal to speculate in fond supplies. The excuse for wheat speculation is dishonest. tn most of the transactions no actual wheat is bought or sold. The alleged buyer never owns one bushel of wheat, nor does the alleged seller really own any when I for sale. It is the old game of buying on margin without I anything being bought. The country i would suffer far less harm by allowing 1 lotteries and bookmtlking on race ] tracks. Gamblers at the races may 1 never own a horse, but as least they J see [he horses run. Gamblers through i the Winnipeg grain exchange neither 1 own wheat nor see one bushel. They I do injury, however, by robbing the ■ producers when prices are depressed. * In this instance, an injury to the agri- | cultural industry is an injury to the ■ whole of Canada. The Government J may be helpless in the face of the a operations of international finance in ■ London, Paris and New York, but it I should, be possible to stop the inter- ■ national operators from tising the Winnipeg grain, exchange to filch money out of Canada.