FREE BOOKS

Author's List




PREV.   NEXT  
|<   142   143   144   145   146   147   148   149   150   151   152   153   154   155   156   157   158   159   160   161   162   163   164   165   166  
167   168   169   170   171   172   173   174   175   176   177   178   179   180   181   182   183   184   185   186   187   188   189   190   191   >>   >|  
than legalized liquor had ever done. And one of the worst features of the situation was that the bulk of our luxury buying was done in the country which had the only remaining standard of value on the exchanges. Canada had convenient access to the country which alone had a surplus of factory goods. Our tremendous buying average in the American market was even used as propaganda in the interest of keeping the peace with Britain. Hence the devil of exchange and Drayton's dilemma. The things Drayton said to this country even before he presented his first budget were as comfortable as what the doctor prescribes when you are overfed. On went the unpopular luxury tax and sales tax. The general principle was that the more people bought, the more they got out of living, and the more they should pay for the privilege. It was not merely a tax on improvements, but an impost on being alive. Accustomed as we had been to war taxes which never came off, this was a sanctioned way of "passing the buck" such as we had never known. The advantage is that when we pay 14 cents for a box of matches that used to cost five cents, we can read "5 cents War Excise Tax Paid" on the wrapper. Sir Henry Drayton had no superb suavity with which to beguile those who made complaints. He heard the howlings of all the babies in the national dormitory and went ahead. He did not impress us as a financier, but as a plain doctor of homely common sense. He said in public many things which threw much instructive light upon our buying and selling. He spoke some blunt but kindly truths even in the United States at whose supremacy in our markets his policy was aimed. "The men who save the world," says _The Onlooker_, "are those who work by rule of thumb; who do the day's work by the day's light and advance on chaos and the painful dark by inches; in other words, the practical men." Such a motto might be Drayton's crest. He is very practical; too much so to be an interesting personality to the average man. But by his dull and diligent practicality he has done rather more than his bit in helping to re-establish Canada. He would, if he could, cut our imports from the United States in half in order to rectify exchange. Whenever he dies the Canadian $ par on exchange will be found graven upon his heart. Drayton's tariff tour was one of the most characteristic things he ever did. In this, however, there may have been an element of politics. A
PREV.   NEXT  
|<   142   143   144   145   146   147   148   149   150   151   152   153   154   155   156   157   158   159   160   161   162   163   164   165   166  
167   168   169   170   171   172   173   174   175   176   177   178   179   180   181   182   183   184   185   186   187   188   189   190   191   >>   >|  



Top keywords:

Drayton

 

things

 
buying
 

country

 
exchange
 

practical

 
doctor
 
States
 

luxury

 

average


Canada
 
United
 

painful

 

public

 

impress

 
advance
 

financier

 

homely

 
common
 

instructive


policy

 

kindly

 
truths
 

supremacy

 

Onlooker

 

markets

 

selling

 
Canadian
 
graven
 

Whenever


imports

 

rectify

 

tariff

 
element
 
politics
 

characteristic

 

interesting

 
inches
 

personality

 

helping


establish

 
diligent
 

practicality

 
matches
 

presented

 
budget
 

comfortable

 

dilemma

 

Britain

 

prescribes