The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-01-28
OF
LABOR MADE EASILY
Dominion Has Been Working
Out Peace Problems in Sat-
isfactory Manner.
GRAIN OUTLOOK SPLENDID
Banker Dawson Of Montreal,
Hero on Visit, Optimistic
on Canada'S Future.

on Canada's Future.
Canadas problems of REIMBURSEMENT
are very similar to those OF the United
States. but their working out has been
so satisfactory so far that II the Cana
dian experience can be taken as cri-
terion America will not experience near
the trouble that has been anticipated
especially with. regard to unemployment
This Is the opinion Of f. NJ. Dawson.
Montreal banker, who Is spending
some time in New York. Mr.. Dawson.
who is foreign exchange manager OF
the Union Bank OF Canada, believes that
the progressive policy adopted by the
Canadian Government with respect TO
rehabilitation and REIMBURSEMENT gem
orally is responsible in a large degree
for the favorable cond itions which have
resulted.
THE readjustment from war to peace
conditions" he said. has so far been
attended by a minimum OF labor dis
turbances. Up TO the present the short
age of labor for normal lines has more
than been sufficient to absorb the sur
plus accumulated from the cessation OF
war orders. A progressive policy Is
being adopted by the present Govern
ment for the continuation and Inaugural
ton Of public works. halted by the out
break Of the war"
Among other problems which the Gov
eminent OF Canada has taken up in an
effort to make the circumstances accom-
panying readjustment as satisfactory as
possible Is the housing problem AL
ready a total OF s25.0o0,000 has been
appropriated for the amel!oration or the
housing problem In the larger cities, Mr..
Dawson declared. and much larger work
along this line may be anticipated
From Great Lakes to Tide Water.
In planning for the absorption of sur
plus labor where il Is necessary the
Government. he said, has recommended
work on the new Welland Ship Canal
This canal when completed will enable
the large freighters at present employed
on the great lakes to reach tide water.
One Of the biggest problems OF the
Dominion is the disposal of Its export
able surplus OF grain. Regarding this
Mr.. Dawson declared: practically the
same conditions confront the Dominion
Of Canada in regard to the disposal or
not only their exportable surplus gram
crop OF 1918, but for the 1919 crop as
well. as exist In the United States. The
exportable surplus on January is est'-
mated at approximately so,oOo,o 900
bushels, for which the Dominion Gov
ernment has already paid the producer
s22O n bushel, and for which arrange
rents have only been partly made Tor
disposal TO the British Government
All estimates Of the probable size Of
the 1919 crop. he said. were OF the most
optimistic character. Othcial and UNI
official reports are equally sanguine in
their predictions for the year, and with
favorable conditions Of weather. &c,
Canada should experience one Of her
most prosperous years. Mr.. Dawson
was very sanguine with regard 70 the
prospects OF grain production in 1919.
1T is hoped" he said. that with IA
yorable conditions and the Increased
acreage which has been planted the Do
mnion of Canada will produce total
wheat crop for 1919 OF about four hun
dred million bushels. as against three
hundred million bushels anticipated and
| two hundred million bushels harvested
| in 1918"
Immense Credits Given Britain.
| Although her trade with Great Britain
| has grown TO enormous proportions and
I immense credits nave Deen granted DS
the Dominion OF Canada TO the United
Kingdom, this trade has had depress-
! ing effect on American exchange, for
England has purchased many manufac'
lures and foodstuffs for which the Domin'
| ion formerly received cash upon a credit
basis
80 successful" said Mr.. Dawson
was the Victory Loan that the Domln
ion Government has been enabled &c
grant credits to Great Britain for the
purchase of foodstuffs and manufactures
formerly sold on a cash basis only
These credits unfortunately affect the
cash position of the country very seri
ously and are the largest factor In the
present price Of New York exchange now
at a 2 is per cent. premium in Canada
II is unlikely that any material decrease
in this premium can be effected for some
months TO come"
The ease with which the labor, re-
leased by the return to peace conditions
has been absorbed was particularly
stressed Another point made was the
carrying out of contracts az contrastet
with the American method OF cancella
ton. Cancellations. he said, are de
cidedly bad and should not be permitted
Every contract should be carried out e
thousands of dollars, In this way. h,
declared. great many of the unfortu
nate features of the transition period car
be avoided and much of the dissatisfac
ton resulting from the readjustmen
from a war to a peace basis will be re
moved