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Page 17 text:
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LOYOLA COLLEGE REVIEW —- ыр, rise in prices. А great many authorities dislike inflation, but they cannot eny that it was used by France, where it has served very well indeed, so much so that the four per cent franc is at a premium. So criticism is not, or should not, be directed so much against this aspect of the programme. In fact it is not at all so easy to object to particular items in the plan as to object to the whole plan. The trouble with it is precisely its gigantic proportions, the immense unwieldiness of the thing and its enormous cost. In the West where millions of bushels of wheat had been accumulated by the Hoover Farm Board in the hope of raising prices, millions of dollars have been paid out as compensation to the grower. Money has been so freely spent in this and other ways that while the cost of living has been raised, the public coffers are empty. This means eventually more taxation with less capacity to pay because the benefits of the rise in prices cannot be great enough ог come soon enough to make up the difference. We say, cannot come soon enough, and that is precisely the point. The ad- vantages of this kind of programme are not likely to be felt for a long time, while the disadvantages come at once. There is not parallel progress on all Don. as evi- dently there cannot be when men are resolved to jumble into two or three years what in prudence they should spread over ten or fifteen. Lately small trade in the United States has been revolting because, while their goods are selling at two or three times the former prices, wages have not been increased by a corresponding amount (in fact, reduction in the hours of labour has practically nullified even this increase), and the public are refusing to buy. Such a state of affairs Big Trade may be able to stand, small trade most certainly can not. Finally, even if it is a good thing to regu- late hours of labour (it undoubtedly is, from a humane point of view, Шинэ and even if it is а good thing to control production, the question is, how far can a government go in this direction without interfering with private initiative? Of course it is quite easy to criticize, and what the final results will be only time will tell, but it seems to us that the great passion of Americans for doing thin magnificently and with dispatch has not always stood them in such very good stead. c Ж Apart from the College and High School plays staged in the new auditorium, the successful presentation of ‘‘Swre Fire by the Alumni Players deserves special mention. The comment from every quarter were most gratifying, and the Players are to be congratulated collectively and individually for their skilful interpretation. CET The beauty of the College chapel was further enhanced by several commemor- ative gifts, and it is our pleasant duty to express our sincere gratitude to Mrs. ]. K. Foran, who donated the rose window of the south transept, a symbolical treatment of the different titles of our Blessed Lady. This window was installed in memory of the late Dr. J. K. Foran, K.C., Litt.D., LL.B. The large west window, depicting the Jesuit Martyrs of North America, is the gift of the Irish-Canadian Rangers, in memory of their fallen comrades. It was solemnly dedicated by Reverend Father Rector on Агпизисе Day, on the occasion of the laying-up of the colours of the regiment in the College chapel. These windows are the work of Mr. C. W. Kelsey, of Montreal. A precious addition to the collection of sacred vessels is the gift of the Timmins family, in memory of the late M. J. Timmins,—a handsomely- wrought silver monstrance of original design, whose lines are in strict keeping with the other adornments of our chapel. LIF
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Page 16 text:
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LOYOLA COLLEGE REVIEW Е ЕЕ ЕЕ ЕН ge ЕАН close at hand, but there is one fact which cannot be ignored, a fact which seems to be at the base of all the trouble. It is the failure of the Allies to keep certain pledges made to their adversaries at Versailles. There has been much parleying among naval nations about the reduction of fleets, but everyone has been willing to scrap someone else's type of warship and never his own. Since this has been the spirit shown not only as regards warships but as regards every other type of weapon, offensive and defensive, it is a plain fact that not the slightest progress can be shown to account for all the breath wasted and all the ink spilt. After a lapse of fifteen yeats the Allies can hardly expect from their erstwhile foes a peaceful and unques- tioning submission to a treaty of peace which is in many ways arbitrary and un- natural. It is a strange and brutal nationalism that has arisen in the new Germany, but one which is an almost inevitable result of the selfishness of those who have loudly called for ‘‘guarantees’’ and 'security'' and so on, of those who had rights that had to come first, no matter what, of those who, in the first place, demanded strategical frontiers, and who, having obtained them, proceeded to build fortifica- tions thereon, in anticipated self-defence. Nationalism and aggressiveness are both the cause and the result of what is going on in and out of Geneva. At the League of Nations the members attend, not to promote world understanding, but to obtain advantages for themselves over the other members. The result is that there can be no concerted action of any kind. A member of the League can invade the territory of another member, he can burn, bomb and massacre, he will in time receive a gentle, though wordy, rebuff, but he may retire from the League with nothing bruised except his official feelings, and losing nothing for being out since he gained nothing in the first place by being in. Can we wonder that countries like Japan are causing trouble when we understand the spirit that prevails in those countries? In Tokio recently, a minister of the Crown was ejected from office for having ten years ago sanctioned a rebellion which occurred in the fourteenth century. But we are not surprised at what happens in Japan where democracy and freedom of speech are not even words; nor need we look so far for ridiculous examples of tyranny and nationalism which, in international politics inevitably mean intolerance and aggressiveness. In Italy, for example, you cannot have yo ur name too frequently in the newspapers if you expect to remain a member of the Cabinet. In Rumania, you must not have helped the King to be crowned, else beware. In Germany, you cannot be a Jew and at the same time dare to write a book, or sit in an orchestra, or participate in games, or act in a play, ог hold office, or own a business, because these are activities reserved to Christians and Germans; you cannot even tread the Gentile sidewalks with perfect assurance that you will not at any moment be accosted by brownshirts and batted over the head for assuming such a privilege. As we have said, this state of affairs in Germany was bound to come about because the Allies made it their business to see that it would. What of the Great American Experiment? What is going to result from this gigantic recovery movement? Nobody seems to know, not even President Roose- velt. Recent reports, however, have it that financial and industrial men have become frankly pessimistic, and if this is so it is a serious matter because the recovery pro- gramme depends essentially for its success upon the increased confidence of the people. But what is the cause of their pessimism? Mr. Roosevelt has regulated banking, de- ciding what banks should operate, what investments these banks should be allowed to make and so forth; вары objects to that, it was а much-needed reform. Не has also taken up the question of moncy, he has seen its worth at face value, he has seen what the general ds reciation has made it worth, and he has corrected the injustice thus done to the ries class by clipping off the difference. The result has been a 12}
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Page 18 text:
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LOYOLA COLLEGE S REVIEW T 4— The equipment of the auditorium was also materially advanced with the gener- ous donation of the chairs for the loges, by Mr. E. A. Collins, of Copper Cliff, Ont. To these and to all our kindly benefactors we offer our very heartfelt thanks. Y Y, га The Review takes this opportunity of congratulating the Rev. Francis Boyle, 5.]., Jesuit House of Studies, Milltown Park, Dublin, Ireland, and the Revs. John У. Cass, 5.]., Gerald Е. Lahey, 5.]., and Alex. Rolland, 5.]., of the Immaculate Con- ception College, Montreal, on their approaching ordination to the priesthood. The future priests were all formerly connected with Loyola College, either as students or members of the staff. y 7 Among the many welcome visitors throughout the year, the College welcomed Their Excellencies, the late Archbishop McNeil, of Toronto, Archbishop Duke, of Vancouver, Bishop LeBlanc, of Saint John, N.B., Bishop Crimont, S.J., Vicar- Apostolic of Alaska, and Bishop Melanson, of Gravelbourg, Sask., also the Rev. Dr. M. M. Coady, of St. Francis Xavier University, Antigonish, N.S., Very Rev. Wm. Н. Hingston, S.J., Provincial of Upper Canada, the nine Jesuit Provincials of Canada and the United States, Rev. J. M. Couture, 5.]., and Rev. Wm. Gagnieur, 5.]., of the Indian Missions of Northern Ontario, Rev. Leo J. Nelligan, Rector of Regiopolis College, Kingston, Ont., Rev. М. Quirk, S.J., also of Regiopolis, Rev. John F. Cox, S.J., Rev. Geo. Е. Bradley, S.J. г А 7 i A slight change has been made in the arrangement of the Obituary department in the Review this year. As the Alumni now have their own official organ, the Loyola Alumnus, the biographical sketches of deceased alumni will be found therein, while the Review will confine itself to obituary notices for actual students who have been called by death. This year, the following names have been added to the list of deceased students and alumni: Leo. McKenna, John Burns, Maurice J. Browne, М. J. Timmins, Desmond Mulvena, B.A. 726, Coleman MacDonald, Е. Grimes Murphy, В.А. '14, Edmond Brannen, В.А. '24, Fernand Gauthier, В.А. 732. To the relatives of all the above, the Review desires to offer sincere sympathy. TTF
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