Word: alberta
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Dates: during 1930-1939
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...prairie Province of Alberta, unctuous Premier William ("Bible Bill") Aberhart, who was elected on a promise to pay every Albertan $25 per month, finally last week started presses printing "prosperity certificates." These Alberta folk promptly named "velocity dollars...
...Canadian Province of Alberta which elected W. C. Aberhart as Premier on a Social Credit platform recently (1 made the platform effective and began paying a $25-a-month dividend to every citizen, 2 defaulted payment on two bond issues, 3 refused to accept financial aid from the Dominion Treasury, 4 impeached its Premier, 5 prevailed upon the founder of Social Credit to assist in making the plan effective...
Conceivably, Premier Aberhart might have maintained Alberta's financial honor by borrowing from the Dominion Treasury, which has already lent Alberta $26,000,000. Conceivably. Dominion Finance Minister Charles Avery Dunning might have exercised his right to use Dominion dollars to pay off Alberta's debts. Neither Premier nor Finance Minister chose such a course. "Bible Bill" Aberhart evidently was loath to give the Dominion additional financial reins on his Social Credit government. As for Finance Minister Dunning, he washed his hands of Alberta's de- fault, observing: "If Social Credit is sound and good, it will...
Since the outright abolition of interest is a major tenet of Social Credit, Alberta was evidently not yet prepared to go the whole Social Credit hog. This came as no surprise to Social Credit's founder, British Major Clifford Hugh Douglas, who has also washed his hands of Alberta...
...addition to being Alberta's unpredictable head man. Premier Aberhart is head of Calgary's Prophetic Bible Institute. Last fortnight he protested against being called a religious fanatic on the basis of an utterance made in 1917, when reporters understood him to say the Last Trump was at hand. "Let me say that Jesus is not coming in 1936 or 1937 or 1938 or 1939 or 1940 or 1941,:'' Premier Aberhart firmly told newshawks. "Have you got that clear? . . . Now listen carefully. Seven years before the coming of Christ, the raptures shall take place. This will...