CASTLEGAR NEW: "Burt Campbell Publisher and Editor” Page Fou: “Here let the press the people's rights maintain, unawed by influence and unbribed by gain” Thursday Morning, January 1' Heritage Day, Pensions, Fast Time & Inflation The justice committee of the House of on the government. to ‘establish Heritage Day asa new national holiday to be observed annually on the third Monday of ‘Commons: has called February. The’ committee ‘also proposed ‘that the theme of Heritage’ Day be changed ‘each year with the focal point for the first year being the Canadian flag, Sir John A. Macdonald for the “Yseeond year, and the native peoples of Canada for the third year. The idea has some merit, but please—not in \ February. In case no one in Ottawa has noticed, we still have winter in February with snow on the ground. If we're going to have another holiday, Jet's have it when the sun is shining and families can get outside and enjoy the natural beauty of our country. ° oe ee, And speaking of the House of Commons, the’ ‘ ent h ‘1 ted left buttons, them.. And since ‘the person buttoning was usually right-handed and had to face the garment, he or she found it easier with right to 2. Medieval man.had to be ready to fight. His. sword hand was usually his right, and to keep it warm and ready for action he had to be able to thrust it into his coat. So his coat had to open from left to right. 8. Women usually carried a baby in the left -’arm—probably to keep the right free for work around the house. When the child was hungry the left breast was most convenient for starting vol unanimously last fall in favor of 'a motion that’ would allow retired MP's and senators to collect full pensions while holding other government jobs. morning. the feeding. But if the weather was cold or windy or wet, designers made garments so the ~ right side could be pulled over the child. Thus right to left buttoning. ee eet ane eee | We have always been in favor of year-round Daylight Saving Time, believing the extra hour of daylight at the afternoon end of the day was more desirable than the extra hour in’ the However, we felt the practice shouldn't be undertaken by Canada unless the United States did the: same because of the ihconvenience, Ordinary persons drawing the Canada Pension Plan can only earn $960 a year outside ‘their pensions. Any excess is deducted from their pension, It‘is absolutely scandalous, as a’ letter writer in one of:the with respect to ion progr: Having now experienced nearly two weeks with the U.S. on fast time and our own country remaining on Standard Time, we wonder if the hour's difference’ in’ time isn't an tenytuersa Taek rere TT a A. MARLING® | Voneriniiea 51, SEER will be at dane RON’S ‘MOTEL © sii! FRIDAY, JANUARY. 18 from 11.a.m, to 2 p.m. for the vaccination and examinations of pets‘?! NO APPOINTMENTS NECESSARY, PLEASE DO NOT PHONE THE MOTEL DR. $e Batis . Singer @ SEWING MACHINES @ FABRICS * @ SINGER VACUUM: CLEANERS ; Your Singer Dealer for, Castlegar and Are: ¢ Ts mows) st ~ Sewi Centre & Vac Sh “John Carter, Representaliv 1198 Cedar ‘Ave.,’ Trail, B,C. Phone) 3 “How about Viadivostoh?™ 90 A Re The Liberty Papers d PRIVATE ENTERPRISE AND CAPITAL INVESTMENT No matter. what an econo- mic system calls itself it must ultimately ‘concern’ itself with ‘capital. Cr ism, facism, or of their people. Their produc- tion fell, their inventiveness --declined, their quality of. life notes, “that our MP's should even' have the effrontery to suggest such a course while the ordinary pensioner has his outside earnings so drastically reduced....there is certainly one law for the MP in Ottawa and another for the ordinary citizen.” . 6 8 A couple of: months.ago in this’ space we ; commented upon the fact that women claimed to be as smart as men. Yet, we wondered, what man would put buttons down, the back of his sweater where you have to be something of a_ contortionist to, get the sweater done up, or. undone. A reader didn't:-have an answer (except to speculate that it was perhaps a matter of style and vanity), but did send ‘along a clipping offering several reasons as to why the buttons ‘ ‘on women's jackets, etc., are on a different sid rs 21 Ns the King’s Dragoon ;Guards, never. got the $47.50 coming to him as prize money for having fought in the Duke of i i than on men's clothing. ‘The clipping offers the following possible . explanations as to why men button left to right 8 ‘while women button right'to left: °°)!" “army “at® the’ Battle of! Waterloo -against-.~ (and oldsters):are now getting to bed as much as an hour earlier because U.S. television programs appear. on local TV screens an hour earlier. There are two sides to every question, and this is definitely such a question. We don't envy capitalism all wrestle with ‘the problem ‘of investment . capital to build new means of produc- tion or improve old. > : 7 Those states which ‘allow the widest exercise of the profit motive enjoy the standards of living. Even their “poor” people are’ well off by he the provincial cabinet as it wrestles with the thorny problem of whether or not to Daylight Saving ‘Time on February 8rd. ee oe ‘The twin powers of inflation and compound : interest are well illustrated in a news story out of London, England. In 1815 an army pay clerk made a $47.50 mistake, “says retired schoolmaster. Ernest Shead. As he sees it, the government owes him $172.6 million. : Fi 3 Mr. Shead said he was looking through: family papers recently snd discovered that his ‘tereat hi saving, can be used to provide extra‘ benefits—public | works such as roads, irrigation, power development; social improve- ments such. as © education, culture, welfare; inventions, ‘The ethical. problem ‘ 1, Since most people are right-handed, it’s really more natural to button from left to, right... Men, traditionally independent, did ‘their: own ¢ ( the gt. John o! capital with’ th least’ social injustice. * 3 and fas that interest on the sum should 3 fat 1 H Mr. aver “$49,999 LEAP Grant for Forest. Use o ‘Some 129 jobs at a federal . cost of $1.2" million “will, be created by projects in British Columbia approved. under: the Loca! Employment: Assistance Program (LEAP). ° $ ‘Among ‘those: approved :is $49,999 for Slocan Valley forest . use. This project is to research and develop a’ plan concerning ‘ the feasibility: for’ community. ‘use of the Slocan Valley forest. Forest ‘utilization, produc. ition, contract: areas, ecology and salvage will be studied. © ‘The project will produce a report determining the’ costs ‘and implementation and :mar-. keting possibilities’ that could provide - permanent “employ- ment for local citizens. ..... The latest LEAP ‘approval by Manpower. Minister. Robert ‘Andras, said director general of Pacific Region of the. depart-” - ment of-manpower and immi- Jack. VanderLoo, gration, brings the number of jobs created in\B.C. and'the Yukon <~ to 258 through 23 projects funded with federal’ contribu- tions of $2.1 million, Mr. -VanderLoo. said: that LEAP “is a very. different program from the Local Initia- tives Program (LIP), both of : which are managed byMan- power's ‘job creation branch.» * “While LIP. is intended to unemploy- relieve « seasonal TRUCKLOAD’SALE OF FISH : FRIDAY, JANUARY 18 11 a.m. te 7:30 p.m. at the Castleger Hotel § + | We.Visit Castlegar Twice a Month , WEST COAST SEAFCODS ment,” he said, “LEAP is designed: for. unemployed and » disadvantaged people, to in- volve them in developing and managing “innovative projects over a long term.” {that “LEAP-funded projects create jobs for people who are Mr. VanderLoo explained : + bought : previously.) Private: enterp ‘the decision: of) accumulating « savings for capital investment to. the: individual: Instead (of using the stick of compulsi private enterprise uses the carrot of. profit.” ’ The profit ‘motive per- suades ‘the investor to volun- tarily sacrifice, to consume less today, to save in order to profit : tl ds of other, coun- tries. : ‘One form of capital ac-' cumulation that is* most dis- ‘astrous to the free economy. is inflation, By inflating. “the money supply, government in effect steals from its people or :forcesthem to. save: involun- ‘Yarily. It is much more insidious than increased taxation be- cause it is not readily discern- ible. : By, increasing the money ‘supply’ the government | de- creases the value of each currency unit. (For example, if Canada © doubled .”. its: money supply, each dollar would then buy.only ‘the samnc’ amount of as/60 cents would have By using the ‘new: mone: i Danish’ company. is ‘packaging ice cubes from) a * 2,000-year-old glacier in Green- land and selling “ ‘them’ as pollution-free' additives for, bet- ter drinks. ‘They are advertised highest _ * com| + team up with a good ducing. the: purchasing and investment = power — of the citizens who hold the old‘money in their pockets, pension funds, or savings accounts, “If, this: process’ continues the natural ‘reaction of the ordinary citizen is to spend his money as quickly as he earns it -making no provisions to save and invest. The ethnic “of private enterprise :is that the person who sacrifices and invests must bear the responsibility of profit or loss,‘ The resulting, property ‘accumulated must belong to the “person who invested, otherwise there « will’ be “no: future sinvestors. Se The’person ‘most ‘able to foresee “the ‘needs of the economy will:be the investor who succeeds and accumulates | |" capital for further. investment. There is an‘element of chance that.“ tends / to < equalize ‘the element of wisdom‘ or superior. intellect: There is also a spin-off. ernment. iated ‘company who . pany itet a> profity position cannot help but benefit the minor. ‘shareholders. 3 The. in- _ vestor with good saving habits - but poor managerial ‘skills can manager. with little. capital and thereby profit. ee ; The main point, however, is that the profit, motive.is the surest.) means.:.of- voluntary ‘saving or,capital. accumulation. “Without this investment capital Mayfair Hotel located at Hornby, . For reservations, write to: ., THE MAYFAIR HOTEL 845 Hornby $t., V: — f 2 B.C. or Phi main lounge’ Friday, January 18 ‘|| Your House? - as. “whispers *) from’:. bygone . ‘an: economy will stagnate and + decay. a 2 not” likely ‘to “be ploy > through the regular or seasonal labor market. Funding can be provided “for up to three years, and there * may also-be a developmental period ‘prior to a long-range contract. with Manpower. Mr. VanderLoo said that in. LEAP. projects, participants learn’ or update’ vocational skills; others acquire life skills to cope with new, or changing day-to-day ‘situations.’ All em- ployment is» geared’to the future continuing. self- sufficiency’ of the ~ project participants. He. said’ LEAP project’ officers are working in the field to seek out groups of disadvan- . taged unemployed people and work’ with them. to. develop ‘projects that will be staffed and managed by the project partici- pants. TOMORROW IS 10 PCT. DAY AT HELEN’S FLOWER.AND GIFT SHOP LTD. SAVE 10 PCT. ON ALL MERCHANDISE i Take Advantage of. these Savings! : 10 Per Cent Reduction ‘ applies to all merchandise: —. as well as flowers Getting Married? ‘ Book your orders now and save | 10 per cent on your wedding order gifts \ U . REMEMBER, EVERY 3rd FRIDAY THE SCENT OF LOVELINESS. 9) ‘IS 10 PCT. DAY ~ -HELEN’S FLOWER AND ") GIFT-SHOP LTD. . “73 Maple St. — Phone 365-5191 “WD. Dire Slawers Anywhere” are paid on the investment. The saving may, be:mone! from’ a pay. cheque: regularly.’ + deposited in a bank where. will be loaned to an expandin| business. ‘The saving may. be the purchase of ‘shares in company or bonds, The saving 4 may be an extra amount of labor building a second house to use as a rental property. * The important aspect is that it is a voluntary act not one = of compulsion. It embodies the essence of freedom. ments adopted . the . profit motivation of capital accumula- tion that the dramatic results of the industrial revolution ap- peared. The investment. in machinery. produced an abun- dance that dispelled the age-old proglems of ‘starvation — and material poverty. ‘The abundance of material": permitted a certain part of the society to devote its time «. to research, education, culture, medicine and the other services that so improved the quality of life for everyone. Those governments. which abolished the profit motive found that they have