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HomeMy WebLinkAboutThe Huron Expositor, 1960-11-17, Page 11New Bank Replace Plans for the new Toronto -Dom- inion Bank building were set in .motion late lag year by W. C. Moore, manager of • the Seaforth bank, follo*ing a review of the accommodation provided by the the bank occupied. After some month's considera- tion, approval was given for the construction of a new building and the announcement of the decision was made late in January by Mr. Moore. The announcement which The Expositor carried at that time in- dicated that plans for the build - We put the Crowning Glory an to THE TORONTO -DOMINION BANK Congratulations. DOBSON ROOFING and SHEET METAL Built -Up Roofing EXETER -- ONT. Phone •285 after 4:30 — 750 Day "Between the World and the Weather" CONGRATULATIONS TO TORONTO - DOM I N ION BANK On Your New Seaforth Branch We are pleased to have supplied the Hardware and Glidden Paint for the building. Baldwin Hardware Phone 61 : Seaforth nig were being prepared. It •would occupy the entire lot, which fronts on Main Streit and extends along Gouinlock Street. During the construction period the bank occupied accommodation in the former Regent Theatre, which recently had been convert- ed into a business block and apartments. The former bank building, in ad- dition to the Toronto -Dominion Bank, provided accommodation for three tenants. These included Pull- man's Barber Shop, which had been in that location for 36 years; the laaOroffice of A. W. Sillery, and the H. G. Meir office. The Pullman shop is now locat- ed in the Regent block' Mr. Sil- lery has moved his office to the Cardno block, while Mr. Meir es- tablished an office at his North Main Street residence. Opened Here in 1893 The Dominion Bank came to Sea - forth in May, 1893, and establish- ed an office in the Holmstead block on Seaforth's Main Street. The Huron Expositor of May 5, 1893, recorded the event: "Mr. T. G. Brough, an old Hur- on boy, who is now inspector for the Dominion Bank, was here this week making arrangemeints for the opening of an agency here. Mr. Brough has leased the store formerly occupied by Killoran and Co., and the new bank will start operations at once." The same is- sue also carried the first of many Dominion and Toronto -Dominion Bank advertisements, which were to appear in The Expositor during the following 67 years. In the issue for the following week—that of May 12, 1893—ap- peared this item: "The Dominion Bank, which op- ened for business here last week in Holmstead's block, are having their office very neatly fixed up and show every indication of hav- ing come .to stay." Passing years have proved the truth of the con- cluding words. A. F. 61tiff, long-time Seaforth resident, emembers the opening occasion. I was standing near the door of the new bank which was in a store near the Reid and Wilson block (now Box Furniture) when the doors opened," Mr. Cluff recalled. "I had a little bit of money my father had given me, and I went in and put it in the bank. I think I wasthe first customer." A few years later the bank pur- chased the Wilding it now occu- pies, and .converted the lower floor into banking premises. Frank Sills, too, remembers when the bank first came to Sea - forth arid recalled the building the bank first occupied was where Gingericb's store is now located. "It wasn't there very long; per- haps two years, Then the bank moved to where it is now. That used to be Goods' store," he said. Asked how old the present bank building was, Mr. Sills said the Sills' Hardware block was built in 1862, "and I think the Good block where the bank is wouldn't be long after. It would be over 90 years old." MUCH OF THE PLANNING and work involved in providing new accommodation for the Seaforth branch of the Toronto - Dominion Bank fell on the shoulders of W. C. Moore, Manager (seated), and Norman Ransom, the branch accountant. To make way for the new building, it was necessary for the' branch to move to temporary accommodation in the Regent block. CONSTANCE NEWS OF THE WEEK Miss Wilma Dale spent last week with her friend, Miss Jean Mc- Naughton, Tuckersmith. Mr. Frank Riley left last Thurs- day to spend the remainder of the week with his daughter and son-in- law, Mr. and Mrs. Robert Woods, and Debbie, of Ajax. Mrs. Riley, who had spent the past week there, returned home Sunday with him. Mrs. Robert Johnson and Bruce, of Grand Valley, spent last Friday with her parents, Mr. and Mrs. James Medd. Mrs. William Dale and Deanna spent last Saturday at the Royal Winter Fair, Mrs. Wilma Bromley, of Kitchen- er, spent the weekend with her father, Mr. James Dale. Mr. John Ferguson 'and Mr. and Mrs. Percy Huth, of Clifford, spent Sunday with Mr. and Mrs. Ross MacGregor and daughters. IF FUNDS FOR CATTLE SHORT USE CONTRACT, O.A.C.. ,ECONOMIST SAYS If you have the feed and facili- ties but are short of financial back- ing, a feed contract is one way you can still have a beef feeding operation without buying the cat- tle outright. According to 0.A.C. econorhist, P. A. Wright, two types of beef feeding contracts are popular in. Ontario: the gain -in -weight con- tract and the fee -per -head -per -day contract. From the ,feeder's stand- point both offer less risk than the guaranteed margin, the sharing, or the incentive contract. This is how he explains it. • The gain -in -weight contract pays CONGRATULATIONS To the Manager, W. C. Moore, and Staff of TH E TORONTO -DOMINION BANK ON THE COMPLETION OF THEIR IMPOSING NEW BRANCH To Serve the Seaforth Community Like The Toronto -Dominion Bank, we provide an essential service to the people of Seaforth Maple Leaf Dairy Phone 101 --- Seaforth the feeder on the basis of. the gain in weight put on the cattle at an agreed price or so many dollars per hundred, says Wright. "This charge for each pound' of difference between the in and out weight has been running around 16c to 22c lately, Calves are us- ually fed around, the 16c charge; big cattle lean toward the 22c charge. It has been a popular contract with farmers who feed pasture, green chop, or silage." This popularity has fallen off some these last few years, Wright feels. A gain -in -weight contract frequently results in poor owner - feeder relations. "It's impossible in advance to pick those animals that will be poorer doers due to things like nervousness, diseases and para- sites. Usually an owner will stand the death loss for a month, then it is split 50-50 with payment on death loss to be figured out be- forehand on the in weight," he explains. Another reason this type of con- tract has fallen out of favor „is that the length of the feeding per- iod is seldom stipulated in such contracts. Remember, the longer the feeding period, the greater the cost of the gains, says the econ- omist. Gain -in -weight contracts have al- so lost favor owing to difficulties over weighing conditions, The amount of fill or shrinkage when weighing animals in and out of feedlot is important to both the farmer and owner and is a source of argument. Under the fee -per -head -per -day contract, the feeder is merely sell- ing feed and providing yardage and labor service for a flat fee, explains Wright. The feeder doesn't assume any risk. The feeder doesn't normally guarantee gains or a limit on the cost of gain but he does try to get fast, economI- cal gains for the owner. "Yardage charges run about 5c per head per day. Feed, in many instances, is charged at cost plus 12c to 20c a hundred weight," says the economist. The owner furnishes the cattle delivered to the feedlot and moves them from the fegdlot where finish- ed. He determines the length of feeding. The owner usually pays for all veterinary services and the costs are included in the monthly or twice -monthly feed statement sent him by the feeder. The own- er assumes all death losses and other risks. He also may be re- quired to pay bills oh a monthly basis. The feeder is usually allowed to pick. the ration since he usually has the most knowledge of what type ration to feed fot best re- sults. The feeder ,retains the manure. The Legion Corner (By JACK HOLLAND) Well, Arpiistice Day has come and gone for another year and I am sure it will linger long in our memory as one of the largest and best parades the Legion has had in years. After a brief religious service at St. James' and the Le- gion Auditorium, the parade mov- ed off to the Cenotaph at 10:45, under Parade Marshal Bill Wil - bee, and was led by the Seaforth Highlanders, Band, Although our marching pace is not as limber as yesteryear, the spirit was still very much hi evidence among the ranks. Our Legion President, Archie Dobson, presided at the Cenotaph service, and before dismissal thanked the Legion members and the citizens of Seaforth, who at- tended the services. The Ladies' Auxiliary provided a fine pot -luck supper ,which was enjoyed by all. Chuck Wood informs me that the jackpot for this Saturday night's bingo is worth over $60.00, so. you bingo fans, a word to the wise is sufficient. And our an- nual turkey bingo is being held on November 30—a good date to keep in mind to stock up your Christ- mas dinner with a prize bird. So we'll wind up this week's news with a thought for our fallen comrades: "At the going down of the sun and in the morning we shall remember them." Sixty -dollar jackpot bingo Satur- day night, at 9. p.m. Mr. and Mrs. Verne Dale visit- ed Sunday with their son and daughter-in-law, Mr, and Mrs. Murray Dale, at Byron. Mr. and Mrs. William Jewitt spent Sunday with Mr. and Mrs William MacKenzie, of Exeter. Mr. and Mrs. Borden Brown and daughters and Mrs. Brown, Sr., at- tended the 'farewell services of Rev. Wilkinson, of St. James' An- glican Church, Hanover, Sunday morning, and later visited with Mr. and Mrs. George Campbell. Mrs. Brown, Sr., who had been visiting at the home of • her son, remained at her home in Han- over. Mr. William Dale and Miss Wil- ma Dale are this week attending the Royal Winter Fair, 'Toronto. Mr. Dale, who is showing seven head of his Guernsey cattle, has to date taken three third prizes. •UGIT Present Initiation The members of Constance CGIT Saturday evening presented initia- tion ceremony .upon two new mem- bers, The basement of the church was decorated in CGIT colors and a worship centre. The president, Mary MacGregor, presided over the program, which opened with a hymn, accompanied by the CG IT pianist, Miss Glenyce Jewitt, followed by the CGIT 'hymn, A reaching followed by Miss Mary Buchanan; piano solo by Miss Joyce Brown; solo by Miss Janice Jewitt, accompanied by Mrs, Wm. Jewitt. Miss Margaret, MacGregor presented an elimination contest, which was won by Mary Mclllwain. The initiation ceremony was conducted by the leader, Mrs. B. Brown, and two new members, Mary Mclllwain and Linda Nott,+ were accepted into the local group. Miss Glenyce Jewitt conducted the initiation stunts, which• proved very amusing and breath -taking. Lunch was served to the moth- ers and members of the WMS. "Happy Birthday" was sung, hon- oring the birthday of Misses Mary and Margaret MacGregor. COF Opens Season The members of COF opened their season of euchres Friday ev- ening in their hall. Fourteen tables played progressive euchre, after which dancing was enjoyed to mus- ic supplied by local musicians. A door prize was won by Mr. Joe Riley. KIPPEN Mr. and Mrs. George Woodcock, Ann and Jimmie, of Dearborn, Mich., spent the weekend with Mr. and Mrs. William Kyle and fam- ily. Mrs. Woodcock's .father, _Mr. Norman McLeod, who has spent the summer visiting in Canada, returned ,home with them. Mrs. Lydia Doig received word her son, John, and" Mrs. Doig, of Grand Rapids,. Mich., left Sunday by plane for a vacation in Mexico. Mrs. Iiarold Caldwell, of Hen- sall, and Mrs.' William Kyle and Bonnie visited relatives in Park- hill on 'Sunday, Every week more people dis- cover what mighty jobs are ac- complished by low cost Expositor Want Ads. Caagratu1at on '+ •., .. THE TORONTO-cDOJNION :RANK On their splendid New .Seaforth Branch -_ JOHN F. .SCOTT Painting and Decorating Seaforth Ontario We extend HEARTIEST CONGRATULATIONS THE TORONTO -DOMINION BANK on the completion of the. New Seaforth Branch Much of the steel erection and welding was carried out by us. Seaforth Machine Shop Phone 355 - : Seaforth • TORONTO -DOMINION BANK The new branch of The Toronto -Dominion is an outstanding `addition to Seaforth's Main Street: We are happy to have been able to take part in the construction of the new building and to have been responsible for providing and installing modern heating and air-conditioning equipment, and for paving. FRANK KUNG LTD. Plumbing -- Heating Roofing -- Sheet Metal Work Material Handling -- Paving Phone 19 •Seaforth MI WM Electrical We join with the Seaforth Community in congratulating TORONTO -DOMINION THE BANK ON ITS IMPOSING NEW BRANCH BUILDING The new building will assist the Bank in carrying on the tradition of service it has built up during the nearly 70 years it has served the area. HIGHLAND SHOES Seaforth --- Ontario