Word: alberta
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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...
Anxious adherents of the so-called "Social Credit" theory, which William Aberhart was elected to apply (TIME, Sept. 2), hotly protested: "Velocity dollars have nothing whatever in common with Social Credit, and Premier Aberhart has enacted not one single genuine Social Credit statute in Alberta." The great thing "Bible Bill" has done for mortgage-ridden Alberta farmers is to decree arbitrarily that no interest rate in the Province can exceed...
Each velocity dollar is dated with the week of its issue and has 104 spaces to each of which a stamp is to be affixed. Whoever holds the bill for more than a week must buy a 1? stamp from the Alberta Government for each week the certificate is out of circulation and stick it onto his dollar to keep it up-to-date. After two years, when all 104 stamps have been affixed at a total cost of $1.04, the velocity dollar can be turned in at the Alberta Treasury and exchanged for a regular Canadian dollar...
...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...
...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...