March 28, 1933 (17th Parliament, 4th Session)

CON

Henry Herbert Stevens (Minister of Trade and Commerce)

Conservative (1867-1942)

Mr. STEVENS:

Well, on that occasion he was not speaking very wisely as a member of parliament.
Then the hon. gentleman, in order to cap the whole business, not only condemned the government for all these proposed taxes and its efforts in financing the affairs of this country, but he said: Let me remind the minister that the people of the United States only a few weeks ago turned the key in every bank from the forty-ninth parallel to the gulf of Mexico and from San Francisco to New York. What did he mean by that? Was he advising the government to turn the keys in the banks of Canada? He did not explain the statement, but he said: Here is courage for you; those people had the courage of their convictions, and he invited the government to exercise courage in this country. No other deduction can be made from the utterance, or its presence in his speech at all is inexcusable, than that he suggested that we should take our courage in. our hands and turn the keys in the doors of the banks of Canada. Let me say to the hon. gentleman and his associates that no more calamitous thing has happened to the United States than the turning of the keys in the doors of the banks of that great country. As yet only a small number of those banks is open; many cities the size of Ottawa have only one bank operating.

Topic:   THE BUDGET
Subtopic:   CONTINUATION OF DEBATE ON THE ANNUAL FINANCIAL STATEMENT OF THE MINISTER OF FINANCE
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