Wauwatosa news. [volume] (Wauwatosa, Wis.) 1900-1948, 1917-06-22
BUSINESS GOOD
IN CANADE
No Financial Depression. and
None Since the War BEGAN

ly made an extended visit 70 yvos..
Canada. and in summing IN tbo -
suits, after going thoroughly into CON
ditions there, says there is no fpancia,
depression in Canada, nor has tho
been anything of the sort sinca ~
war began. anyone who has wotcbaS
the barometer of trade. and seen W.
bank elearings Of the different cities
grow and continue TO grow will have
arrived at the same conclusion IT,
trade statistics reveal a like sifuotio.
The progress that the farmers o,a
making is highly satisfactory. As tb'
correspondent says: ut is true thor.
have been adaptations to meet nom
conditions, and taxes have been ,.
yised, and that a very large burden =,
added expense in many lines has baon
assumed, but 1t has all been done ma
thodlcally. carefully ana with full "a
gard for the resources to be called on
'That this has been done fairly md
wisely is proved blythe present com'
Portable financial position.
with the exception of a resrrictsa
area in the east, Canada is not an in.
dustrial country. The greater portio,
of the Dominion must be classed az
agricultural area. with only an iDfnj.
tesimal part of it fully developed.
Lacking complete development tba
agricultural portion of Canada bsa
naturally placed its main dependence
upon fewer resources than would ba
the case in the States. Even in peoea
times. business would be subject fl
more frequent and wider fluctuations
due to the narrower foundation upoD
which it rests.
'Thus, Canada has been able h
come up to the war with efficiency AID
sufficiency and to maintain and even
advance IT'S civilian activities.
"Canada's first element Of financial
strength lay in its branch bank sys.
TEN. This system has two great ad.
vantages: 1t makes the financial re.
sources of the Dominion fluid so that
supplies of capital can run quickly
from the high spots to the low spots;
also, it places at the command Of each
Individual branch the combined re-
sources of the whole institution 50
that there is an efficient safeguard
against severe strain at any one
point
Here In Winnipeg, the all-Canada
banking houses maintain big, strong
branches and, as elsewhere in the
Dominion, these held to an attitude Of
saneness and s0!idity that prevented
even the start Ut any financial dis
turbance.
That business generally is now com
ing strong on an even keel is largely
due to the absolute refusal of the
banks. both branch and independent
to exhibit the slightest signs of eI.
element or apprehensiveness.
"For all Canada the savings bank
figures are astonishing. Beginning with
1913, they are, for the fiscal year end
ing March 81:
1913 .SoZz'9-o'9oS
1914 '..'..........-... ooo'ooo'-9
1913 6o" i6l@
1916 NEUTRALITY-SUSPICIOUS.. 73S, 1929
1917 ACKNOWLEDGEMENTS. SSS, 1858
'These figures represent what Cana
dians have put away after paying the
increased living cost, which is about
the same as in the States, all increaS
es in taxes and imports of all kinds
made necessary by the war and gem
erouS subscriptions to war bond IS
sues.
prohibition has helped greatly in
keeping the money supplies circu'at
ing in the normal. necessary channels
Tradesmen generally attribute large
part of the good financial condition 10
the fact that the booze bill has been
eliminated. Canada takes law enforce
ment with true British seriousness
Financially, as in every other re-
spect. Canada has developed sutiiclen'
cy. She has done it in spite OF lniraI
conditions which would not look prom,
Using in the States and she has done
in a big, strong way. .,
"One of the best things we did sal1
one of the leading Winnipeg bankers
TO me, twas to decide early III INV
game that we simply would not boFFo"
trouble.
''We started In ignorance Of he" u'
war would develop and without know
ing exactly what our resources NerS
and had to find the way.
"And yet Canadians are not oYefou'
dened with taxes Tor are they cV~
planning of them. For the coulilVu
people there has been but a slight "a
increase. if any. in a direct way ~
direct payments, OF course, are nIaue
in the shape of higher prices for il''ns
commodities. but the price advance W.
such items is no heavier than III NV
States In the same period. "-AdyerusS
menE -. .-~---'
A Foe to Gardening. 80
"How's your garden getting along,