New Capitalist Party
Encyclopedia
The New Capitalist Party was a short-lived political party in Canada
that nominated three candidates in Toronto-area ridings in the 1965 election
.
The party was founded by Frank O'Hearn, who had previously run for Mayor of Toronto unsuccessfully in 1947, and had founded a religious organization called the Order of God-like People in 1961.
In the election, O'Hearn won 600 votes in York—Scarborough
riding, 0.4% of the total. Doug Tilley won 235 votes in York—Humber
riding, 0.6% of the total. Ferris Kendall-Leicester won 174 votes in Spadina
riding, 0.8% of the total.
The party may have subscribed to monetary reform
of social credit
parties. Kendall-Leicester had previously been a candidate for the Social Credit Party of Canada
, which had largely collapsed in English-speaking Canada prior to this election.
O'Hearn stated that the government's banking policy had robbed Canadians of $1,000 each, and that his party would get it back "by hook or by crook". Asked to clarify this statement, he indicated that, "If we can't free ourselves by legal means, then we must resort to our inherent rights, even war if necessary." Tilley stated that the banking system is the root of all evil in Canada. The party was also opposed to the Bank of Canada
's policy of burning old banknotes, arguing that they should be kept in circulation.
The party also promised to reduce the 11% federal sales tax, and the national debt, and cut the price of a loaf of bread to 5 cents.
Note: the website of the Parliament of Canada
incorrectly indicates that these three candidates ran for the New Canada Party
, which was an unrelated organization. Globe and Mail and Toronto Star
newspaper reports of the day state that they ran for the New Capitalist Party.
Sources: Globe and Mail and Toronto Star
, October 1965.
Canada
Canada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean...
that nominated three candidates in Toronto-area ridings in the 1965 election
Canadian federal election, 1965
The Canadian federal election of 1965 was held on November 8 to elect members of the Canadian House of Commons of the 27th Parliament of Canada. The Liberal Party of Prime Minister Lester B. Pearson was re-elected with a larger number of seats in the House...
.
The party was founded by Frank O'Hearn, who had previously run for Mayor of Toronto unsuccessfully in 1947, and had founded a religious organization called the Order of God-like People in 1961.
In the election, O'Hearn won 600 votes in York—Scarborough
York—Scarborough
York—Scarborough was a federal electoral district represented in the Canadian House of Commons from 1953 to 1988. It was located in the province of Ontario...
riding, 0.4% of the total. Doug Tilley won 235 votes in York—Humber
York—Humber
York—Humber was a federal electoral district represented in the Canadian House of Commons from 1953 to 1968. It was located in the province of Ontario...
riding, 0.6% of the total. Ferris Kendall-Leicester won 174 votes in Spadina
Spadina (electoral district)
Spadina was a Canadian electoral district that was represented in the Canadian House of Commons from 1935 to 1988. It covered a portion of the western-central Toronto. Its name comes from the Spadina Avenue, which runs through the heart of the riding....
riding, 0.8% of the total.
The party may have subscribed to monetary reform
Monetary reform
Monetary reform describes any movement or theory that proposes a different system of supplying money and financing the economy from the current system.Monetary reformers may advocate any of the following, among other proposals:...
of social credit
Social Credit
Social Credit is an economic philosophy developed by C. H. Douglas , a British engineer, who wrote a book by that name in 1924. Social Credit is described by Douglas as "the policy of a philosophy"; he called his philosophy "practical Christianity"...
parties. Kendall-Leicester had previously been a candidate for the Social Credit Party of Canada
Social Credit Party of Canada
The Social Credit Party of Canada was a conservative-populist political party in Canada that promoted social credit theories of monetary reform...
, which had largely collapsed in English-speaking Canada prior to this election.
O'Hearn stated that the government's banking policy had robbed Canadians of $1,000 each, and that his party would get it back "by hook or by crook". Asked to clarify this statement, he indicated that, "If we can't free ourselves by legal means, then we must resort to our inherent rights, even war if necessary." Tilley stated that the banking system is the root of all evil in Canada. The party was also opposed to the Bank of Canada
Bank of Canada
The Bank of Canada is Canada's central bank and "lender of last resort". The Bank was created by an Act of Parliament on July 3, 1934 as a privately owned corporation. In 1938, the Bank became a Crown corporation belonging to the Government of Canada...
's policy of burning old banknotes, arguing that they should be kept in circulation.
The party also promised to reduce the 11% federal sales tax, and the national debt, and cut the price of a loaf of bread to 5 cents.
Note: the website of the Parliament of Canada
Parliament of Canada
The Parliament of Canada is the federal legislative branch of Canada, seated at Parliament Hill in the national capital, Ottawa. Formally, the body consists of the Canadian monarch—represented by her governor general—the Senate, and the House of Commons, each element having its own officers and...
incorrectly indicates that these three candidates ran for the New Canada Party
New Canada Party
The New Canada Party was a short-lived Canadian political party that nominated one candidate, party founder and leader, Fred Reiner, in the 1968 election...
, which was an unrelated organization. Globe and Mail and Toronto Star
Toronto Star
The Toronto Star is Canada's highest-circulation newspaper, based in Toronto, Ontario, Canada. Its print edition is distributed almost entirely within the province of Ontario...
newspaper reports of the day state that they ran for the New Capitalist Party.
Sources: Globe and Mail and Toronto Star
Toronto Star
The Toronto Star is Canada's highest-circulation newspaper, based in Toronto, Ontario, Canada. Its print edition is distributed almost entirely within the province of Ontario...
, October 1965.