ClubFernieChamberOfCommerceOfficers1953-03-19 Page 23No2759
1953-03-19 Page 23
Free Enterprise Is 'Competition'
(By Herald Correspondent)
FERNIE, B.C.-- Free enterprise did not need to justify itself, as it was aggressive and dominant and was not a defensive movement, stated T. G. Ewart, president of the Crows Nest Pass Coal Co. Ltd. at the annual meeting of the Fernie Chamber of Commerce Tuesday. Visiting delegates were present from Cranbrook, Nelson, Natal, Michel, Kalispell, Mont., and Whitefish, Mont. Free enterprise was the system which operated best with a minimum of interference from government agencies.
THE COMPETITIVE conditions gave improved products by which the consumer benefitted by obtaining not only a better product but the lowest possible price and the highest rate of wages.
Looking to the future, Mr. Ewart stated that it would be folly to expect continuance of high capital expenditures such as at present at the Kitimat and various Consolidated Mining and Smelting projects. It was the duty of free enterprise to face the necessity of providing sufficient money to all levels of government for all government purposes, but the money must be efficiently used and wisely spent. Free enterprise would have to see that governments made greater efforts to reduce taxes and improve government efficiency.
FREE ENTERPRISE was not a monopoly for pillage, nor a monopoly guaranteeing profit. It was competition which could be hard and tough. In 1946 a depression was forecast by the "planner." Instead, Canada during the past seven years enjoyed its greatest period of development. With its resources this could be just the beginning, but competition would become keener.
NEW OFFICERS of the Fernie Chamber elected were:
President, George Lees; vice-president, Harry McKay; 2nd vice-president, Frank Amantea; secretary-treasurer, Frank Butala; councilors: John Rahal, Hector Fiorillo, Morley Obee, Ross Colgur, James White, Bert Walton, Eli Sochowski and C. T. Lynch.
Extracted by J. Kynman 2014-09-27