The Axe, 31 mars 1922, vendredi 31 mars 1922

[" .\u2019 _ Courts and were remanded to \u201cappear a few days hence.In \u201cdes Editor of THE AXE said: \u201cThis is true of the Mer-| \u2014{-aet and have attorneys now \u20ac \u2018impunity while poor men > that pale into insignifiance -> În.comparison with the Sigh places.\u201cThres ~~ .2 for stealing three dol Te 5 on you î ne it?And| = se who broke the law in Ne 13, - THE AXE A JOURNAL OF ACTION AGAINST REACTION \u2018 EDITED BY JOHN H.ROBERTS + iN \u2014 \u201cLAY.THE AXE.AT THE.RQOT OF THE TRER® .MONTREAL, FRIDAY, MARCH 31st, 1933 Annual subscription Two dellass.WINNERS OF PUT AND TAKE COMPETITION, PAGE 2.Price: 5 conte, \u2018Senator Webster Must Resign! LL DRE DIRECTORS OF BANK MUST - BE ARRESTED Members of Merchants\u2019 Board should\\stand in dock with Allan and Wo KD, ee ye A CLEAN SWEEP Restoration of Public Confidence hinges on J Complete Clean-up - Sir Montagu Allan and Mr.D .C.Macarow are under arrest! Ever since the first issue of THE AXE we have de.that those responsible plight of the Merchant, Bank should be brought be- .fore the Courts and the Law vindicated.Last week we :bluntly insisted on the arrest of Sir Montague Allan and his codirectérs.Less than .twenty-four hours later the ex.President and ex-general Manager of the Merchèn ty\u2019 Bank stood before a Judge of the \u201cfor our issue of February 24th.chants\u2019 Bank Seandal I have aot finished with it.I meen to en in looking into the le matter in order to ad.+ vise me how to proceed.If so advised I, shall myself swear out warrants for the|- © arrest of those concerned in .~ \u201clooting and robbing\u201d the - Merchants\u201d-Bank.It shaïl|- \u201cnot be said in this our count- \u2018ry much longer that rich.+.men can break the laws with .are gent to jail for crimes : Eronter crimes of those in de nding it fn À Bank .case es STOCK EXCHANGE LA.it.in Montreal sd-|.rg gi ud f dominating ous 8 OF NEW YORK GETS IN WRONG Untermeyer Heaps Scath ing Criticism on tion Methods-_ 7 change presumes to dictate to they shall conduct their business, Unlegg the stockbrokers of Montreal submit to have their books audited and exa-| {mined by officers of the New \u2018MYork Stock.Exchange, to bare, .the N.Y, Stock Excannot exist ~ (continued on page 3) (Other Journals news of twenty-five years ago.THE gives the news of twenty-five ears hence.: arch 27th, 1947.\u2014 \u2014New York.\u2014 lication\u2014_was made in the.Appeals.Court here to-day for permission to\u201dtake evidence in Canada in the Stillman case.The \u2018application wag.denied on the-ground that all the wit- -néss were dead.State Constitution- Members of the Opposition raised the question of economy in the public services t the matter.80th., 1947 \u2014 Mayor \u201cCity Hall which: was dest: \u201c voyed by fire in 1928; would ed - be.commited.nes v vear.I: \u201cPARTED PAR NOW REUNITED, Montreal stock brokers how THE AXE : have their business pryed in.«1|ing the son of a Montreal Knight to, their business secrets aid and an Amer can ex-officier'y wife.On Friday morning (we publish on meal houses \u2018os tg Fri aman sexo cer a s wife upon ticker and telegraphic service editor and told him with joybells and the Montreal stockbroker|ringing in their hearis that all was at present With-|well once more and they were hap- out that service and has t0lpily re-united.We are more grati-|absorbed by The Bank of Mont fied over this incident than over anything THE AXE has yet achieved, even in the success - attending our campaign for the arrest of the Trenty-Fir Ye Years Hence responsible parties in the -|chants\u2019 Bank a#fair.Not that we are publish claiming credit for .the reconciliation but that we believe we helped E goes one better and to bring it about.\u2018turpitude on the part of the young wife in the case we sincerely be- That her éscape from social the Governmentwreckage Was, worthy son o lieve, we are certa\u2019n.This skunk, who himself is warried and à parent, though \u2018net living with hi; family, played the game in every way posr gible to wn the other man\u2019s wile, The .young husband \u2018was compelled March 28th.1947-\u2014London\u2014It|to leave town on imporiant busi.is reported here on high au- ness in connection with his firm.A ~ thority that Michael Coilina|certsin Westmount man (of Gerand De Valera have at least|man extracti reached an agreement on the|his wits had t adoption of the Irish Free (their house on the first evening of the husband\u2019s absence.March 20th., 1947.'\u2014 Ottawa [liona're\u2019s son was phened-to on the plea that.they wanted a fourth player at Bridge and up he came.This was probably pre-arranged.; rd but nothing was done PAPAS BOY'S PRESENTS a Meni in an interview with{hot and systemat\u2019c court to the: THE AXE declared that he|sirl-wife.fully expected that the new [were offered to her.A huge basket City Hall which is t6 be built|of flowers din \u2018the site of the former |tine\u2019s Day with .&.cand.attached beazing the words, \u201cTo my.Valer-| of Canada will.not tine.Parties wire made, up,of one.of 32 their Ievmalkers bef FINANCIAL AND MORAL NEWS.Shirley Ogilvie has heen dropped from the Board of La Rose Mines.He is still a member of St.James\u2019 Club.tain on Knights Son\u2019s Love Drama.Last week we told a story affect- ot due to the un- , we beleve) and arfiged on 8.Valon- ve (sontinupd on: in 4; = which is a high and honorable position to hold.millions, and the wrecking of Mer-| he Bank's fortunes.Sir H.Montag, Allan, Pre.| ment, besides deceiving shareholders, are engaged if Generat Manager, or The Mer- chants\u2019 Bank, are now before That there: was no actual moralithe Courts of Canada facing charges in cénñection with the making of a False Return to ment as that meted out to Allan and Macarow.We believe them all out at the markB in the individual and collective responsibility of the Board of officer's wife to! Bank; hence that denfand.The mil-[feren: from that of the other Directors of the Merchants\u2019 Bank, in that you are the only ledge who holdg any-public office.Certainly you are the only | lawmaker among the Directors Then \u201cPapa's Bog began to pay| This differentiate you from the other Directors and leads Presents , in sbundance|us to address you in this way.UNDER SUSPICION \u2014 LAW HAKER UNDER CLOUD -IMPERLS HONOUR OF DOMINON UPPER HOUSE Public will not tolerate any man continuing in Red Chamber while under suspicion of viol Office must - Resignating the Bank Act./ 'WEBSTER'S CASE STANDS ALONE * + rings down cur- only Merchants\u2019 Bark Direct tor in High Pale - Senator Lorne C.Webster, House of Parliament, qi Ottawa, Ont.Pi\u2014 You are a Senator of Canada You were a Director of The Merchants\u2019 Bank of Canada, which bank has been recently real, following.its sensational collapse, the depletion of its reserve fund to the extent of sident, and D.-Macarow, Bank Director is under sus .[picion.We believe ii is your duty to resign your position | &s Senator go that it may no be said of the elder branch of our that laws are being made hy one who may at any moment be charged with breaking the laws.The people will have nf confidence in any Parliamenÿ in which Bank Directors b® lieved to have made a False Rcturn to the ee hiding the real condition to restore public confidence in] \u201cAll the quotations of see .| = \u2018\u2019 have me arrested on Monday.|theatricar: fare will undoubt-|affairs and they must, or, at|the Banks, now rudely shatte-{eurities dealt in on the New A : Hi; bos is one of those good [edly stand by Mr.Sothern and! least, should have known ailired, to prevent the people tak-{ York Stock Exchange are dis i _ \u201cwnen who gives money to cha.|Miss Marlowe in this maiter|the time of the rotten conditionHn the Law into their own tributed throughout the coun 110 \u201city societies and likes to see and may mete out punishmentiof the Bank, WE DEMAND hands and dealing mercilessiy/try over the ticker service dais nam: in the papers.He {by refusing to send high class|THE ARREST OF THESE!with the criminals in high controlled by it and under ita \u2018knows all about the way this {companies here in future.In| MEN ALSO and THOROUGH | plices who loot and rob them, [contract with the Western \u2018man has treated me bug he [the name of thé theaire-going| INVESTIGATION OF THE|the Government must go the| Union Telegraph Company, ything to |public\u2019 we protest against the MERCHANTS\u2019 BANK CA-|whole hog and arraign at the Thay Company can furnie] .- .So as you say, we s : , # be.So as on, \"hors is no|Sothern and Miss Mariowe| BOTTOM.Directors of the Merchants\u2019|age houses that are permitteg \u201cjustice.\u201d he {end wish to assure those dis-| Lez there be no attempt to|Bank, and thoroughly investi-|by the Exchange to fave thie : tinguiched artistes that theÿ|whitewash the whole Board |gate the whole affair and if|service.Without it they carte have the sympathy of everÿ|by the Court trial of the Pre-/the trail leads to The Bank of|not do business.Any broken lover of the theatrs in this sident and General Manager.| Montreal, or any other Bank.|age house can thus be put Kood old town of Montreal.= | Tha temper of the public is|the Government must ruthless-|of business by the \u201cipse dixit poor soul 18 incomprehen- aroused.The people mean bu-{ly pursue it, and mate out jus./of the Governors of the Exe | sible, We feei sure that Re-|siness and thay mean to gee|tice to all alike, no matter how | change, withou: warning \u2019 corder Semple - did not have|that whoever \u201clooted and rob- highly placed socially or fi-|reason or the right to on all thé facts placed before bed\u201d The Merchants\u2019 Bank is{nanciall.THE AXE may be|to the courts.: him.In any the man is|deait She same even-handed |a little paper; it-may only be| \u201cThe Exchange should be a rotter and we should like to {justice that any other criminal{eleven weeks old, but j aud have the infinite Pleasure of | gets.The question of making horse-whipping -him on St |a False Return to the Catherine Street, if only to ment is, after all, teach him never to strike.woman again.We would ad-| vise this persen to do 2. \u2014\u2014 a \u2014 i i Page ¢ JOB NCD.SHOULD RES 18 DRECTOR An open letter to the Pro- \u2019incial Treasurer.The Hon.Jaesb Nicol, M.L.A., Provincial Treasurer of Province of Quebecthe Sir:\u2014 The position of Prov.ncial Treasurer of the Province of Quebec is a very exalted one.It is the actual h'ghest political position in the Province that.an member of the Legislature can aspire to.The position of Premier is naturally the prerogative of a English-speaking - > _ TIME AXE, FRIDAY, MARCH 31st.1922 * THE AXE, SUBSCRIPTION RATE TWO DOLLARS PER YEAR.Address, THE AXE, 105 Coronation Bldg, MONTREAL.man serve two masters\u201d and you cannot serve La Banque Nationale, as Director, and the Province of Quebec, as Provincial Treasurer, There will come a time when the interesta of the Bank will clash with the interest; of the Province and, if so, you may not be in a position to do your duty fully by the Province.Moreover, you may have to bave dealings with all Banks, and the other Banks will not be so willing to do the!r best for the Province when the Provincial Treasurer is a Director of an opposition bank.In such case the in- tereats of the Province wuold suf- French Canadian.You are now, therefore, the most outstanding figure in political circleg in the Provine- of Quebec, the representative! i .e Cabinet of the English-speaki; minority and, in a very special sense, the guardian of the interests, the honor, and the good name of the English people of the province.Because of the h'gh representative position you occupy and Dbefer, THE \u201cWHY\u201d OF IT Now, Mr.N.col, we want to be perfectly frank with you about La Banque Nationale, so shay have been drawn into this your eyes shut you may be able to withdraw from it with your eyes open.if you et with Do you know why you have cause whatever may be open to criticism will be a slur upon the English-speaking people whose mouthpiece and representative you are, it behooves you to so shape your course that your publie and private life will give no You must emphatically safeguard the good name of the English people from ground for critieism.calumny, innuendo, and scandal.A TREMENDOUS BLUNDER.We are led to say these words to you because we in your conduct: frank notice been attached to the Directorate of \u2018this Bank?Well, let us tell you.La Banque Nationale might be in a much better position fnancially than it is.It carries the accounts of a large number of French Canadian merchants but is not giving them much accommodation on nowadays.Why?Because millions of the Bank\u2019s money are tied up with a large industria! undertaking where it seems Jikely to be tied up in perpetuity.So the Bank has recently made a change in its General Managership, is making a new bond issue of One Mill'on Dollar; and has icalled to is aid the name, prestige Whyl Publish The Axe Since the Great War we understand the meaning of the word \u201cpropaganda\u201d more than ever we did.The tighting countries used it to the full and good use they made of it for themselves.But few of us know how much and how widely \u201cpropaganda\u201d is used to influence and affect public opinion, Take, for instance, an article which ig referred to in our Open Letter to Judge St.Cyr, Chairman of the Montreal Tramways Commission, in this issue.Undoubtedly this wag a piece of propaganda put out by the Tramways interests, or their champions, to appease and satisfy the ublic which had been disturbed by our previous Open ter to the Tramways Commission Chairman.It appeared, of course, as a straight newspaper story and \u201cgot by\u201d the news editor because of its \u201cnews\u201d appearance, But whether designedly \u2018propaganda\u2019, or not, it was suth, and that of the most skilful kind.Its\"aim was to make the peopie of Montreal satisfied with the treatment it is receiving at the hands of the Montreal Tramways Commission and Company and be patient asses bearing the burdens that the Tramways crowd have placed upon their asinine ghoulders.THE AXE is trying to get the people to think for themselves in these matters.Our plainness of speech is designed to wake people up and make them think.The public gets too much \u201csoothing syrup\u201d handed out to it, like this piece of Tramways \u201cpropaganda\u201d referred to, the average person reading which would say, \u201cWell, I suppose the Tramways Companf is doing its best and the Commission is looking after the pubiic\u2019s interests and it'll be all right\u201d.And that\u2019s just what the Big Interests want the people to think about these things.Now, if you have not already done 80, turn over and read our second Open Letter to Judge St.Cyr and you\u2019l see what THE AXE js driving at.Frankly, under our present social system I recognise there will be large fortunes made by \u201ccap- taing of industry\u201d and I don\u2019; object to that so much But I hate this hogging of everything by.the game gang that you'll find in everything almost in Montreal, They dominate banks and brokers and business in genera.As Bank Directors they lend themselves money and as brokers and buccaneers of business they try to corner everything for themselves and their friends, paying the lowest wages and taking the high est profits possible, and wrecking everybody who comes in their way and obstructs their path.To crown all they bulldoze the people by artful propaganda, pro.Vid + mas.\u2014\u2014\u2014\u2014 a bo a S\u2014\u2014 PARTED PAR NOW REUNITED THE AXE Rings Down the curtain on Knights Son\u2019s Love Drama.7 ( continued from Page 1) these four people for the cabarets and Bustanoby and Castellani\u2019s and the Venetian Gardens, and other places of their kind were visited nightly.All very well and proper we have ma doubt whatever, but ne fault of the Knight's son that it remained so proper.À Only the rea] innate goodness ef = the little girl-wife-kept her uneul- lied and unstained.The renegade husband, (\u201cPapas Dey\u201d), would have broken two lives, if he could, to satisfy his unholy lust\\ and # looks pretty clear to us that the ne- called friends in Westmount were actively assigting his scheme, to \u201cget\u201d the other fellow's wife.There |.is such a crime as \u201cprocuring\u201d, and .we \u2018imagine it would not be diffi cult to prove it, or the attempt te \u201cprocure\u201d in this cass.When the young husband returm.ed from.hiy trip: he found that his wife had taken up her residence with these Westmount friends.Am -À xious to avoid scandal, and hoping = to secure his wife\u2019s return - from | those who were seeking to alienate .71 her from him, he instructed hig law \"3 yers to write the mil'ionaire's son À informing him that he would take 3 action against him for alienating + his wife's affections unless he cons= = 3 od fluttering around the ex-offi< cer\u2019s wife, or words to that effect (we are telling the story in our Wa way and want to make it under stapdable).\u2018 from the press that you have recently been appointed a D'rector of La Banque Nationale and because we believe you have made a tre- sand influence of the Provincial i Treasurer of the Province of Que- \u2018bec to bolster up its fortunes.paganda in the news items you read, propaganda on the financial page, propaganda from the pulpit and mend blunder i epti the/ Fhat's why you have been honored platform, a Beh the roi the situation ep ition, Let us be quite frank) °)» MF.Nicol by this flattering in.: da\u201d i zi t does not know that he or they\u2019 position.eu us be quite frank yitation to a seat on the Board of pagan( 13 given out 8.\u2019 ft dq with you, Mr.Nicol.You are the pirectors.are being used, Just think this over and don\u2019t be foole Provine'al Treanurer of he Prove Do you think you would ever with this kind of thing any longer.\u2018have been made a Director of La JOHN H.ROBERTS.Banque Nationale had you remain- \u2014 DESERTION ALLEGED.To this letter there came no reply.But ten or twelve days later the young wife petitioned the Civil Courts here for permission to sue her husband for separation as to - .M bed and\u2018 board, alleging desertion a and non-support, for which there : were no grounds.The strange api striking thing about this action i» that it was instituted om the wife's behalf by the attorneys of the \u2018 firm with which the Gay Lothario af ~~ a Knight's son is actively assoclated.- 3 Here was a grisvous-blunder to be = *.*/ sure which made it look as if the\u201d.9 \u201cpoacher\u201d was actively intertating =: 2 himself in separating the wife from = .: ince of Quebecceive a salary of $6,000 a year.In Sion sou pere di is To the Legislature, representing R:ch- Sherbrooke, P.Q.7 Wel, if you do, mond County.That makes $8,000 Bet the idea out of ybur head for per year.On top o\u201d that you have Y°UT only value to La Banque Nayour law pract\u2019ce, surely worth, on|Hona'e is because oe fact of ; ; than Your being Provincial Treasurer, 8 moderate estimate, mot less Mani ais all.And that's sufficient $10,000 per year to you.This makes a total of $18,000 al reason for your draw'ng out of the year that yon are making.$1,500 net before you are enveloped in its hes, Remember The Merper month; $375 per week; $62.50 Meshes \u2019 per working day.Good Heavens, chants Bank and Mr.0.C.Ballanman, how much more do you tyne\u2019s connect'on with it as Director and prevent any more unsa- want?You have no urgent need] to accept a position as D'rector or voury bank scandals involving Caa Bank so fdr ag salary is concern-jPinet Ministers, ro far as you are ed for you are already mak'ng an cree es resigning your new income süfficient to keep you and Directorship\u2014 just a piece of special pleading for the Montreal Tramways Company.The Montreal Tramways Company is able to pay 37 1-2 per cent deferred dividends and ten per cent each year during two years, yet is unable to pay its debts to the city.And we are told in thig remarkable story, the |the husband, - cog authority for which comes| Other ingidents oecurred which ~~ Ij \u2018from your office, that no re-|we need not detail here, but nifim- = 3 duction in fares can be-ex- [ately it came to be seen by the = pected for two years anyhow [friends and advisers ef this ardent - bectausg a million dollar re.|wooer of another man's wife that serve fund has_to be built up [somebody was headed for trouble.:- A 5-CENT FARE NEEDED (continued from page 3) re dignified public protests such as \u201cThe Axe\u201d addressed to you, nor to impertinently\u2019 defy public opinion by printing your defence in a journal other than the one which took the matter up with you.The article.in question is SS our family in luxury as well as comfort.vu Y > GETTING RICH QUICKLY some of them very shady, indeed.! first, We prophesy that un-|We would not like to reproduce in ~~ Now, Mr.Nicol, why have you And its time the damnable gamelless the administration of.the|these mild-speaking columns some & taken on this extra job?It i; not| We are not accusing you, Mr.'stopped.We pay these \u2018men well.| Montrea) Tramways Commis: dei Due cour jende ant Th oe 2 sion is changed, either by you getting a change of heärt, or by somebody replacing \u2018you who will make the Tramways Company disgorge, there will never be a reduction of fares, This is all bunk about the Tramways Company not being able to pay the city what it owes or reduce the fares, The fares have got to be reduced and YOU have got to gee that it is done.If it is not done we shall make it a public issue and pledge every _ candidate on the Island of Montreal to repeal the law and abolish your Commission, and give the people\u2019a Five Cent: Fare.What an.election ery, ~\u201cA Five Cent Fare\u201d.That's the cry thet re-elected Mayor Hylan in New York City last November by the largest ma- You afe paid well.Be satisfied, Jacob Nicol, to- serve the people and don't be gready for riches.Do your job, and if you attend to the one good joo youve been lucky enough to get, you've got enough work for any one man because you will be able to give Nicol, of having u'terior designs in such wonderful expert advice and accepting the\u2019 pesition of Bank Dicounsel in the Director's Meetings, \u2018rector.Nor do we accuse any of because you know very well that|your predecessors who may have until you were.pitchforked into the been Bank Directors of using ther * vacant position of Provincial Treas- position to serve their own inter- urer you were just a *small-town\u201d ests.But we know Cabinet Min- | lawyer (no insult intended) with no |isters who were poor men when great financial experience.The they took office and mill'onaires reason you are now a Director of when they relinquished office.And La Banque Nationale is that either this is one way some of them did it.La Banque Nat'onale \u2018wants in| They would buy the whole issue some way to \u201ccash in\u201d on your po-jof a municipality's bonds, which sition and -prestigé as Prov nc al{bonds would yield, say, e'ght per Treasurer or that you, yourself,|cent.The Bank of which they were want to use your high administra- [Directors would lend them money tive position to advance your ownito buy the bonds at, say, five or private interests, \"|six per cent.Then the bonds would be depozited as collateral.You.know, it would not take many [transactions of that kind to seon We prefer not to th'nk the latter put a man on velvet, Mr.Nicol.but rather that La Banque Natio-|There are bond-houses and other nale is trying to \u201cuse\u201d you for Îts|people and »insttutions to do this \u201cPapa's Boy\u201d, in telling him what = an utter dérned idiot he was make ing of himself and the nasty tangle = 4 he was getting hiniself into, in ad- \"2 dition to the disgrace he was bringing on an honored name.But they.proved effective, perhaps because \u201cPapa\u201d stil] holds the purse strings + to a great extent.Well, Perpy *° Vere de Vere, as We may now call.him, has had his lesson, We hopes :: it does him good.TE But Percy, dear boy, you had better cease your philanderingy (is 4 that the right name for them?) and i! behave yourself.THE AXE has got its eye on you and it doesn't .care a brass button for your agcial-, _ .8 position or youf wealth, or soy.7 thing else about you, except that THE AXE would like to shield the | hontured name of your father and: * femily from the besmirchihg that \u2018your animilism and lust would lead: ENGLISH PRECEDENT.In England no.Cab'net Minister can be a Director of any Cômpany.The moment he becomes a Cabinet Minister he resigns from every Directorate upon which he sits.This high standard should obtain here and THE AXE is going to work un- ti] that standard is accepted.If you don\u2019t give up this Direttor's job you must expect our critic\u2019sm, and we politely but firmly ask you to remember what has happened to the Merchants\u2019 Bank officials, If a Cabinet\u201d Minister had not been a YOUR WRONG PLACE.\\ - : \u2014\u2014\u2014\u2014\u2014e te Me = a 0e 9 em a em a \u2014\u2014 .own selfish purposes.In either kind of work and Cabinet Ministers : pos ) = ease, Mr.Nicol, you ar6é in yourishould keep their hands off.it.|Merchants\u2019 Bank Director, perhaps jority any Mayor ever Feceiv- to.You had better play the mar, a Le .: mwong place Yon are the servant{What \u2018is: faote there are a log of the officers would never have dar ed in New York City.We'll|Petoy Vere de Vere, ani leave other =.3 - of the peopld af the Province of jother methade ; by: which Cabinét| ake those false returnt.: Dé yon prick this Tramway bukble men\u2019s wives alons wh the pred \u201c;.Quebea.You are well and suffi-|Min'stein in thé Province of Que-jset the potht; Mr.Wise]?ER ; at.MATIN : | God above mi, well: BoB We Eg olontly paid for your work.\" Nolbée hive \u2018mile\u2019: thewise'ves ricky] 1417701 THE AXW asec | i PR AXE i id YOU, si\u201d z + : >, TS \u2019 Li, 4e +.Lo .\u2019 7 Tai bow 3 a .» i.Be LA i Se 40 = a EE pal wl 5 5 ie ed A Cee ve Sa TNT re ee gn Tal SE gy 7 = "]