At school I always noticed that the fellow who walked around with a chip on his shoulder wouldn't fight. I never saw the fellow around the barroom who took off his coat and rolled up his sleeves, fighting. I never boasted that I would be back; I do not know whether I will or not. That rests with my people, but I do know this, that from headquarters here they have sent up their chief-well one of the fellows in my riding calls him the chief statis-ishun; he got the word "statistician" mixed up-in the last ten days saying that Barkis was willing if they would give him the nomination. But I have nothing to say as to who will have it; that is not my job.
In 1911 twenty four years ago the present Prime Minister said in this house:
Too often it has been found that child labour and the work which has been undertaken, especially by married women, in the older countries has involved a loss of vital force in the succeeding generation, and' we Canadians- we in this young country-must, it seems to me, if we are true to our best traditions, realize that at best we hold this great land with its brilliant opportunities and its splendid resources as trustees for that posterity which will one day weigh us up in judgment 'for the manner in which we have discharged the trust reposed in us.
I do not think there has been a time in the history of the Canadian people when it was more apparent that we should have a band of trained experts capable of gathering at first hand full and accurate information for the benefit of the Canadian farmer, manufacturer and' workman than in the election that has just passed.
In my judgment, in this complex civilization of ours, the great struggle of the future will be between human rights and the property interests; and it is the duty and the function ot government to provide that there shall be no undue regard for the latter that limits or lessens the other.
It is of transcendent importance that this house and this parliament should be seized of the fact that the people demand that some tribunal shall be created that will have control over the extent of the issue of securities by public utility companies, and that the capitalization of industrial concerns should bear some just proportion to the outlay, and to the physical value of the enterprise which it represents.
It is essential that we in Canada, as the greatest partner, should extend our trade so far as possible among the British dominions and with the motherland.
The Budget-Mr. Spotton
If any hon. member has any doubt, I will give him a report of that speech. I would also refer him to a speech for which I thank the hon. member for Labelle (Mr. Bourassa). We in Ontario thought him a very fiery politician in days of old, but I am glad to know he was fair enough from his place in the house to pay a tribute to the sincerity of o'ur leader, the Prime Minister of Canada.
I would like to have said a word or two about the Farmers' Creditors Arrangement Act, but I will give just one incident that happened in a neighbouring county the other day. A young farmer was bowed down with a first mortgage of 85,000 with 8800 accumulated interest, and was paying six and a half per cent to some money Shylock. He had a second mortgage of $1,000 with $400 accumulated interest and was paying six per cent on it. Each year his back was bowed down by a burden of $461 of interest. The $5,800 mortgage was reduced to S5,000 and he gets that for five years at three per cent. The $1,400 mortgage was reduced to $1,200 and he gets that for ten years at two per cent, so that instead of having an interest burden of $461, which no farmer could bear, he went home happy making a new start in life with an interest charge of $174. I wish to thank the Minister of Finance on behalf of the farmers of Ontario, who have been turned down coldly on the word of the deputy minister of agriculture for Ontario, for increasing the amount to $90,000,000.
Topic: THE BUDGET
Subtopic: CONTINUATION OF DEBATE ON THE ANNUAL FINANCIAL STATEMENT OF THE MINISTER OF FINANCE