HomeMy WebLinkAboutThe Lucknow Sentinel, 1941-12-04, Page 6I'
at
AND' ENGLAND
•
i ..: , have --two sons•I give,.
�I have
—two
glory still, may live;.
WWI unasked, they, march
yr
abroad,, -
aith in b•our cause, their trust in
God.
Two sons I have=two sons . who. '
fight .
. And, atoms add to England's might;
'With other fathers' sons they stand
Behind the Empire's Motherland.
Two sons I had—two •. sons I 'gave—
`They 'lie .among the nation's brave;
Had I: two.more, I know they'd give
Their lives, that England still may
live.'
—W. Garfield -Rees; in Saturday
Night ':1 . 4 . .
THE CONTROVERSY' in The press'
between the "Wets" and' the "Drys"
in
Teeswater over Abe ' bevel;age
room vote is 1.810318 repercussions,
The Teeswater, Business Menes As-
sociation last week went on record
as being opposed to the criticism of
the village,. the businessmen, local
citizens and various communities in
the .campaign being conducted.
IT I$ ESTIMATED that .there were
probably about three dozen deer,
bagged in Greenock during the 8
day open season;-avi►ampy recesses
of ' the Township afforded a safe
haven for many of the hunted ani-
reals and as numerous deer have
since been sighted they were by no
means nearly exterminated during
the open. season, -as::was feared in
some quarters..‘
•
101 ittorixow $E tTiNEii , trairmW, ONTARIO
StIrro18'P TOUR TOWN
It is high tune all of :us paid :more
attention to the building up of the
small town and less to making the
over -grown citylarger; declares the
'Stirling News -Angus: The little town
or village is hone—or should be. It
needs our support and we are the
people who must give it -life and'.
'power if . it is to have either. The
big city cares nothing for us, The
little town needs us and we need
it The` future which lies in the
cities is shopworn, lsmoked dirty
and unclean. The true future lies
-in the -country -and the little' towns:
Back thein up and make than grow.
When you buy goods or services
other than through men who have
l'
their stake, in your Home town, you.
are tearing: down the foundation on
hi„ chi, your 'town, .rests by hist that
much: .
u
to
,
N.
k.
•
I
h•
ep
TiiVBSDAT, DECMMRlR 441), 1041
B. "OF .' M ASSET'S OBER
V •
BILLION DOLLARS
Indicative of the •extent to which,,
the Bank of Montreal is participat-
ing in Canada's war effort is the
large assets figure of $1,046,551,479
shown in the institution's ' annual
statement, just issued,—a ' figure
which is the highest 'shown in any
annual statement of this .124 Year-'
old organization. Important increas-•
'es are also found in 'deposits and
loans—the former at $923,38'7,889
also constituting a record at the
close of ' a • financial year. With high
liquid condition, substantial cash re-
serves and large holdings of high-
grade securities, the report reflects
the characteristic strength 'of the
bank and gives ample 'evidence of
its `_ability to meet the- even • greater
demands-, that. may be.' made "upon
it as a result of the war.
The•statement, • whiell .isfor the
twelve; :°months ended October, .31.
is set out in its customary "easily,
understandable" form, the various
iteins of the. • balance ' sheet. being
accompanied ' by 044—sanatory nota
tions.
Commercial loans, including ad-,
-vanes to
manufacturers; farmers '
merchants and others, have in-
creased 'substantially, being 18 per
cent above the 1940 figure, In
Canada these loans amount to
$254,427,000, • , "compared • with
$218,759,000 a Year ago; the com-
parable • figures for cotrimercial
loans abroad' are $21,271,000 ; and
$14,801,000. Call loans, both at home
and .abroad, show ;a• drop, as was to
be expected -- the 1941 figure of
$20,041,000 being down by more than
four million dollars.
A.._si nifioan:
t deer-ease-is--to---be=
g
noted in advances to provincial and
municipal governments, . including
school districts, which last 'year.
s oo a $35;313;0-60. The 1941 figure
is $28,964,000. It is believed that the
reduction reflects improvement in
provincial and municipal govern
Ment finances."
High Liquidity
As a whole, however,' with' the
advance in commercial loans, there
is a sizeable increase in the bank's
loaning business, Notwithstanding
this expansion,. the, statement re-
flects no impairment in the bank's
liquidity, for quickly available re-
sources amounting•. to $705,662,000.
the equal to 73 per cent of all lia-
bilities to the ptiblic. Last year
these -assets -amounted -to -$663;t85;
000; equalling' 75 • per ' cent public
liabilities.
By far the most important item
in the bank's -quickly available as-
sets is, of cburse, its holdings of
government and other bonds and de-
bentures. These amount to $498,740,-
000, compared with $461,827;006: a
year ago and consist in the main
of Dominion Government and high -
t r y . �T�0 ,,.c -'fa ' t4-14�;'
el -fifties whicfrmature-at'early-dates.
=Cash in its -'vaults; and money on de-
posit with the Bank of Canada in-
creased from $838034,1000 to $92,-
755,000; whichis in keeping „with
the enlargement noted in deposits.
In Canada, the bank's deposits
have: risen from V731;081,000 to,' the
record figure of $809,110,000, while
abroad • a small increase has also .oc
curred,'the 1941 figure of $119,277,-
000 being about a million and a half
dollars above the amount shown a
year ago.
With total assets amounting to
$1,046,551,479 and public liabilities
standing. at $969,645;608, the..excess
of resources over liabilities; which
represents the shareholders' ,inter-
est in the bank, amounts to $76,-
905,870.
76;905,870. This amount comprises the
capital, . the reserve fund, the Pro-
fit and Loss" Account. and reserves
Pro-
fit
dividends, over which, all •lia-
bilities to the public take .prece-
dence.
Profits Stationary
Profits for the twelve months re-
main practically stationary. After
making provision for bad and doubt-
ful debts and after deducting Dom-
inion Government taxes amounting
to $2,242,905, the profit figure stands
at $3,437.,026, compared with $3,435,-
941 for 1940,,• and is equal to 4.51
per cent on the shareholders' equity,
as against 4.5 per cent last year.
- After deducting dividend pay-
ments of $2,880,000 and • anappro-
priation for 'bank premises of • $500,-
000, the balance remaining • stands
at $57,026, which added to the a-
mount in Profit and Loss Account
brings the balance carried forward
in this account to $1,153,668.
WROTE DEPARTMENT
ABOUT .DEAD ANIMALS ,
Dave McConnell;, Goderich fish
dealer, whose indignation was re-
cently aroused—and his stomach up-
set—by a truck -load if fly ,covered,
dead horses'that was parked on
Lucknow main street, wrote the De-
partment of Healthat Toronto about
the matter, pointing, out tothem the
dangerof infection by being bitten
by these flies.
In reply.. Dave received the fol-
lowing , letter:
Parliament Bldg.,
Toronto, October 17,
Mr. Dave McConnell,
Goderich, Ontario.
Dear Sir:
In acknowledgment of your let-
ter of recent date might I say that,'
while it is appreciated that flies
are on occasion carriers of disease,
most of these diseases are those
which attack the intestinal tract. To
date it has. never, been demonstrat-
ed that the bite of any variety of
fly commonly found in this coun-
try is harmful to man. However,
this fact should not justify the care-
less handling of dead animals, ,
Yours sincerely, •
J. T. MAI%,
a' Chief Medical Officer of Health.
A' very suitable R.A.F. slogan
now would be "See Naples .and
Dive".
DESCRIBES "THRILLS", OF
TRAIN TRW FROM • 'PORT
ELIRDI TO PALIYIERSTON
The Port Elgin Times has been
compalining bitterly of• the train,
service' given. that• tow, i. The writer
points out that it . takes longer to
get to Palmerston ' bytrain than
from Port Elgin to Toronto by mo-
tor car. -
The Collingwood Enterprise -Bul-
letin suggests that it is this motor
car travel that is responsible for
the service. "After all, a.. railway
cannot run on wind".
The Port Elgin scribe comes back.
with a "play by play" account -•of
a train ride from Port Elgin to Pal-
merston. Here it . is: . -
"'"The. 12.25 To. Palmerston"
• "Crave excitement? Then enjoy a
thrilling ordeal on ''the, . noon _train
from- Port Elgin; the beauty - spot•
of Bruce County, to5Painierston.
"For the. convenience of travellers
we suggestthat they : should arrive
at the station at least .tenminutes
lite -in- order to be in plenty of
time. This will' give both . of you
an admirable opportunity of wit-
nessing the loading of live stock.. Te
a traveller 'who anticipates . this
journey with despair this sight Is•
a most welcome diversion and it
guaranteedto delay , departure for
another quarter of an hour.
"Before entering the coach, be
sure to pause and admire the fine
steel_car. that: -carries -the mail- •and
the express. "Let it never be said
that YOUR railway isn't giving your.
letters- ndl parcels -the -ver y -finest-
of accomodation '
"When the cattle and hogs are
safely, ucked away, a new delight
awaits you. Enter the coach and
find • a coinfortable seat. Relax in
the comfort of the guaranteed no-
give seats which were installed as
a public service in the early 1890's.
Yes, just relax for the 'next four,
five or six hours and you will find
that the time does not seem long to
make the. journey o'f , 'fifty-four
miles. ,-. ,
"Asa convenience to dog . owners
who take their pets on this thrilling
journey—and who wouldn't want
clan's best friend' to have a :holiday
jaunt?—we must enforce certain
safety regulations. If' your dog:
would like to have -.a run during the
trip, > e • sure that it runs beside the
train and doesn't -deal -ahead -of -the
r..
- u
your pet.
"So, think of yourself, your let-
ters, your parcels, your cargo of
livestock, your comfort, your pet,.
and your speed in . travelling the
fifty-four miles:. YOUR -railway, paid
for out of your taxes, offers you
all this at a moderate price. So step
right up and buy , tickets.
SONG • IN THE HEART
(By-E.R.B., St. Helens)
You tell me November is dreary
We've had nothing but wind, hail
and rain,
The birds have 'deserted the. wood-
lands
Their southern homes to regain.
There are days since we saw any
sunshine,
The moon is not doing her part, , .
But the sunshine is bright
And there's moonlight at night
If there is a song in the heart.
This song has a theme most elusive
It neither has words or a tune,
It's :a sort of elation of spirit
As sweet in • November as June.
It' sings in the springtime when Na-
ture
Is . gently pursuing her art,
Or when shadows 'are playing
O'er tall wheat fields swaying,
This whimsical song in the heart.
But the heart must be right to re-
tain it
And pure mist indeed be the life
For it sings not where • vice is en-
slaving
And flees before anger and strife.
Sometimes when the shadows have
deepened
And you travel the way all alone,
The sad heart keeps_ calling and
calling
For the loved "ones it once called its
own.
But as dawning comes after the
- '-darkness '
As lillies from mud bottoms start,
So up from the ashes •
Hope rises, then flashes
Again the sweet song in the heart.
THE RECOVERY of Jacob .Schur -
ter, -Walkerton merchant, is now
expected. Mr. Schucter was danger-
ously injured when shot in the chest
while hunting deer fin Greenock
swamp.
trtE NEW ARENA and recreational
centre in Kincardine is nearing com-
pletion and in a short time it is
expected the building . will be of-
ficially opened. N. O. Heipel of Pres-
ten 'has the general .'construction
contract. In spite of the new arena,
it is alniost impossible to create any
hockey' enthusiasm in Kincardine,
even in the juvenile ranks.
SEEING OTTAWA
(By Hugh MacMillan) •
On Tuesday, November llth, 7
visited Ottawa. "See America First"
"See Naples and ' Die", are travel
slogans we' all,know. Well, I have
Seen a lot of Canada at one time
or another but this was the first
time to see the capital. "See. Ott-
awa Last" 'seems to be the best T
could • do. But I don't want to see
Ottawa and die, rathershould ones
tltotto, as a Canadian be, "See Ot
tawa and live -for a better Can-
ada". •
'Ottawa is a good place for Can-
ada's capital. It is -interesting that
a small place got the capital •rather
than a bigger city like Toronto or
Montreal. Really my first impres•
Rion Was that the capital is -too big
for the city. Like a dog's tail. that
is big enough to wag the dog. Any-
way it is. nice to . have -the parlia-
Ment build ns there in the'.•heart-
:7f the city all ready to give a hearty
welcome to .any, onewho comes, a-
long.
The welcome ,to -Canada's capital
is not a little of a surprise.
Approaching the city via C. N. R.
from Montreal-doesntt-give hint • of
Anything imposing ahead. The level,
fields' could be anywhere in ahun•
•fired Canadian countrysides. We us-
ually look` for ,a great capital to be
located in some "high place". Per,
haps that is why. we speak so feel-
ingly about "Parliament Hill". There
actually is a hill too. At least the
Ottawa river banks are high enough
at that point to serve' the purpose
very well Though not a very high
hill ' it is quite sufficient to satisfy
our desire for prominence. On .the
Aieight', stands', the •• House of Com,
mons With -the the
hclock tower, and e.
Union Jack waving on the top of its
heaven -pointing finger.. The 'clock
:atrikes every_._quarter_bour to_r.-
mind people that the tower still
stands. 'If -'they lookup they will
see that the flag is still flying. It
Ides duty too in waving a welcome
to the capital city.
Under the clock are the tower.
chimes. On. special occasions these.
peal out a very special welcome.
And freouently they .sing out some
of the old songs and hymn's every-
body is supposed .to.,, know. On Re-
membrance day the chimes added a
special note to the capital's atmos-
phere. In . the gray, almost weeping,
skies of November 11th, they tolled;
to the brave of:1914-1918 as wreaths
to the known--and—unkunwn 'de d-
were laid before the war memorial.
Memories of fallen friends freshen-
ed as the notes of "Abide with me"
warmed the chill November air.
TONS OF TURKEY 'DEVOURED IN
UNCLE SAM'S TRAINING CAMPS
The following clipping was sent
us by B. Audrey Parry df Dear-
born, Mich., and a• niece of Mrs.
John Hodgins 'of Kinlough.
It tells an interesting story of
how Thanksgiving tables groaned
in- Uncle Sam's military training
centres. The article is as follows:
"The high price of Turkeys this
Thanksgiving season, despite the
bumper 1941 crop 01 these birds;
was partially explained this week
by a news release from Fort Custer.
It seems that a lot of young 'fellows
who most.' likely' would have . eaten
chicken, beef "or some other form of
heat at home—help ed , to devour
many tons of turkey meat Tester -
day in Uncle Sami''•s military, training
centres. •
At Custer alone turkeys . to the .
tune of : ten tons were .placed on
groaning mess hall tables—
together
with the following.
Two tons of celery and 200 gal-
lons of .'olives.
Shrimps cocktail using 1200 lbs.
of shrimp. • •
Gobs of sage dressing and giblet
gravy. '
3,400 pounds .of cranberries, as
sauce.
Three tons of sweet potatoes.
Four tons of mashed potatoes.
4,800 pounds ' of buttered string
beans.
5,90 -pounds\ of creamed carrot§
b
5,000pounds ounds ,of salad, lettuce
hearts and Russian dressing.
Choice of pumpkin and mince pie;
a ton. of ' each. -
Two ons of fruit cake.,
25,000 apples..
9;000 pounds of bananas.
6,000 pounds of grapes.
2,000 pounds of mixed nuts.
500 pounds of mints. •
`800 pounds of coffee used.
500 pounds of cheese.
Most interesting place of all . is
the House of Commons itself. Here
ones sees Canadian democracy in
'action. "It is a good place to . see.
Tt stimulates interest in things, Can-
adiat�,; It.; should-. stimulate: interest
n raisin u' 1 s o t
d fi tri_..1re- Can-
-- raising -up-
' ^*' :.ice-�zt
riieti ria' G'anadigi3 rile: -As. Ca
adians, have we lost interest in pol-
itics? "It's a dirty : business; let
George do it", isn't good enough if
the country's goocris to be consid-
ered. Canada needs political discus-
sion groups • in every concession
,school house if the future, of dem.
ocracy • is to be secure. From such
groups sight-seeing parties could
come un to Ottawa to see things for
themselves. This •would stimulate in-
terest.
To see around with "Sandy" Nich-
-lson was a peculiar privilege. It
was also interesting to meet other
`'nembers cif his ,party, the C.C.F.
Conservative and Liberal light on
political problems are somewhat like
the right and left lights on a motor
car. They -show the road all ~night,
, but the third party is like the, snot
light that looks underneath the
others showing up a lot of things
the driver ought to know about. Of
course Sandy and I went along to
the newspaper room to see where
they keep The Sentinel. Evidently
newspapers are the . eyes and ears
of the M.P.'s for gauging public op-
inion. Newspapers are well thumb-
ed. The newspaper room seemed
more tracked• and thumbed than the'
library. But;. it is rather hard tc'
iudge this point. •
One of the members told .me there
is a lot of "missionary work" to do
artkenci Ottawa. So perhaps he us&
his Bible in addition to the news
papers. Anyvbay''the good book it
not forgotten. On.. seeking -entry tc
the special gallery for which 'I hal'
a ticket, the door -keeper held me
hack saying "Ssshh, just a minute
they're savin prayers. You can't
net in • yet". ,' `
Before leaving the pity I though
I'd have 'a look through the Chateau
Laurier C.N.R. Hotel. Sitting in the
lobby for a few minutes suggeste;'
to me that the place must be fillet'
, at present with ' majors. Messenger
boys with salmon -can shaped cock-
ed hats came through the rotundr
'singing "Major -yoo-hoo", -in a high
pitched sing -song that pierced right
through the Chateau. buzz. No ' less
than six• majors were called durint•
my five-minute stay. Outside, on the
station platform "red caps" dasher'
about looking after the baggage of
other "red caps" and all sorts of
government officials. If it were •not
for these and other signs, the C.N.R
Hotel and station would not be se
different from anywhere in Can
ada.
rw
STRANGE MURDERS. EVIL IN-
TRIGUE, WEIRD REVENGE. "RID-
DLE IN RED", by Jonathan Stagge,
starts in The American Weekly with
this coming Sunday's issue of The
Detroit Sunday Times. An Unfor-
gettable new novel .,,. illustrated in
FULL COLOR ' by the author of
"The Table Talks" -and other popu-
lar novels. Be sure to get. The De-
troit 'Sunday Times this week and
every week. -
Teeswater, Ont.
Mr. Campbell Thompson,
Dear Sir:
Please find renewal for The . Sen-
tinel.. We enjoy reading The Sentinel.-
very—
entinel..-rvery n uchg.,Have-hadmitw-come MteNat '°--
40 W t'a'ke .great` inter
est' in the photo. `each week. 1 have
been able tidentify the majority
of them. • •
Yours truly,
Robert A. McInnes. •
Wauchope, Sask.
November 2, 1941.
Mr. Cam Thompson,
' Lucknow,, Ont.
Dear . Sir:
Enclosed findsubscription for an
other year. You • have made tluite
an improvement in The Sentinel,
and the 'pictures of the old timers , .
are good. Of these who were there
before 1899, I have Missed my guess
on two, but Joe Grenache was not
one, he :was the first I thought of '
when his picture appeared. Those
since '99 I do not know, as it will
be forty-two years, next March Biome
1 was at. Lucknow.
As there has been some mention
of old coins in The Sentinel, I Will
mention a few I have: one U.S. half
cent 1807; one English coin 1740,
copper; ; one twenty-five , cent U.S.
gold piece •,1852; one fifty -cent U.S.
gold piece .1853.; one three -cent U.S..
silver piece 1852; one two -cent cop
'per,, bronze, U.S. 1868; two U. S.
large copper cents 1837 and 1854;
also coins 'from many different coun-
tries, but the daddy of them all for
age is a...Rornan Dauarii not coined
after 60•A.D.
:vf
I am sending you a snap of a toad
I picked up' in 1905. It is a misfit '
I guess. It has two front arms, from,
shoulder and one half arm from el -
bow
l -bow on right side. No' copyright; so
you may use it if you .wish.
Yours truly, ?
W. D. ' GOOD,-�
Box 14 .
e Wauchope, Sask. , '
'(Editor's Not --One would have to
-seethe snap of this toad to realize,
what a freak is really was.)
•
57 Schools Closed This Year
Fifty-seven small attendance
schols, the' largest number affected
in any single year, were closed dur-
ing) 1941. by the Provincial Depart-
ment of Education. Enrolments in
the schools closed during the past
few months range from one to 14
students. A move' to close -small-at-
tendance ' schools has .been under
way for many years, although
wasn't until 1937 that an active plan
for their abandonment was under-
taken. Before 1937 the number of
schools closed was 46. Since the
beginning of that year 208 schools
have been closed.
CONSUMERS •READ
NEWSPAPER ADVERTISING
Consumers read a vspaper adver
tising°with eager interest because it
tells them where, when "and how to
buy the things• they want, Many
consumers consult no other source
for. this information. Because news-
paper advertising has the proved
ability to mould shopping habits, re-
tailers spend $382;000,000 annually
for newspaper advertising—for more
than for any other kind of sales
promotion.
iD
_Y,.
_ __.
Ko M
Established 1817
s A presentation an easily undue $tandable
9
of the Bank's
AL S`I"ATEMENT
form
l `
_. _a _ ---31st .O:ctobe 194
-
RESOURCEs
-s4r-f iii its Vaults and Money on -Deposit witnt
Bank of Canada'. 92,735;884.41
Notes of and Cheques on Other Bankrc . .. :: ' 38,972,993.05
'Payable in cash on presentation.
�' Money on Deposit with. Other.;Banks . • .. .. 54;960,697.77
' Available On demand or at Sheri notice.
Govehnment and.Other Bonds and Debentures 498,740,536.76.
Not -exceeding market value. The greater portion consists of
Dori:it:ion Government and bi gb•grade •Provincial and Municipal:
securities Which,mature at early dates.
Mocks' . ". . 183,364.86.
lystiti. e3-mlae.
.
.4-oales-ssocix.-Nes-exceeding-e
Call Loans '. : .. 20,041,722.55
4
In Canada l.. . . . . . $ 4,472,437.64
' Elsewhere . 15,569,284.91 •
Payable on demand and secured . by bonds stocks and ,other
'•. negotiable collateral of greater valise than ihe•.loans. .
' Bankers-' Acceptances . • .. •. 6,811.15
• Prime drafts' accepted by other banks. ,
• �j ]r. F . et fa.:
OS 6'2 10.59
is
:...
•unci
Lama ,Proviaci2 and i P`� I G"anrer cots,
in'duding School Districts .' 28,964,546.45.
Commercial and Other Loans . 275,698,972:17
In Canada , . .. . ., $254,427,218.03 ' '
. Elsewhere . .. . . '21;271,754:14
To manufacturers, farmers, merchants and others, on' condiiiosr`. '
• consistent with sound banking. .
Ba'�.je , Premises . . • . r• . . 13;900000.00 '
•I wo properties on!yare carried in fie names of bolding con- •
' ponies; the stock: and bonds of these campanili are entirely
i.. owned by •the Bank and appearon its.books-as $1.00 in. each care.
All other, of the Bank's premises, the -valise of which largely
exceeds $13,900,000.00 are included wider this beading. -
Real - Estate, and Mortgages on Real Estaie Soldby
rhe Bank ` . 947,199.39.
Acquired in the courie of the Bank's business and is process . .
• of being realized upon.
Customers'. Liability under Acceptances and
Letters of. Credit :' :. 18,772,428.22
Represents liabilities of customers on accosnt of Letters of Credit
`issued and Drafts accepted by the Bank for their account.' •
Other Assets not included in.. the Foregoing .
. 2;606,322.43
Making Total Resources of . . , ,
LIABILITIES
.
$1,046,551,479.25
Due to the Public
Deposits ... . . ,.. • I . $928,387,889.51
In Canada f . -. : $800,110,875.52'
' Elsewhere . . 119,271.013.99
Payable on demand or after notice.
Notes of the Bank'in Circulation . , . 17,890,850.50
Payable bn• demand. .
Acceptances and Letters of Credit Outstanding .18,772428.22
Financial responsibilities• undertaken on behalf of t:us:omen . '
' (see off -setting' amount in "Resources"). •
Other Liabilities . • . . . ' . •. , 4;594,440.73
. hems which 10 not come under the foregoing headings.
' Total Liabilities' to the Public . ' .
.. ' 969,645,608.96
To meet which the Bank -has resources as
• . indicated above amounting to. .. .
1,046,551,479.251
Leaving an excess of Resources over Liabilities, which
represents the Shareholders' interest over which ,
Inabilities to Ibe Public take precedence.
Capital . . , . . • $36,000,000.00,
Reserve Fund; Profit & Loss Account . ,
and Reserves for.Dividends . . 40,905,870.29
$76,90,870.29
'
PROFIT `and LOSS ACCOUNT
•
Profits for the year ended 31st October,1941, alter making appropriations `
to -Contingent Reserve Fund,'out of which Fundfull provision for tad
and Doubtful Debts has been made, and after deducting Dominion
Government Taxes' amounting to $2,242,905.10 ;3,437,026.60
Dividends paid or'payable.to Shareholders . $2,880,000.00
Appropriation for Bank. Premises ' 500,000.00 3,380,000.00
' $ 57,026.60
Balance"of Profit and Loss Account, 3ist October, 1940 m 1'$1,321,642.15 1.
Less adjustment of previous years' taxes : . . 225,000.00 1,096,642.13'
Balance of Profit and Loss carried forward . ,r.' . . .
. $i,153,668.75''
JACKSON DODDS,
HUNTLY R. DRUMMOND, G. W. SPINNEY,
'
Presided: " Joint General Managers
. * ,
The strength of a' bank is determined, by its history, its policy,
its management and the extent a its resources. Por 124 ears the
- Montreal as beenf
Banka o real h in the ore rout Canadian
f ,,,f f af.,.. finance.
..
,
u
to
,
N.
k.
•
I
h•
ep
TiiVBSDAT, DECMMRlR 441), 1041
B. "OF .' M ASSET'S OBER
V •
BILLION DOLLARS
Indicative of the •extent to which,,
the Bank of Montreal is participat-
ing in Canada's war effort is the
large assets figure of $1,046,551,479
shown in the institution's ' annual
statement, just issued,—a ' figure
which is the highest 'shown in any
annual statement of this .124 Year-'
old organization. Important increas-•
'es are also found in 'deposits and
loans—the former at $923,38'7,889
also constituting a record at the
close of ' a • financial year. With high
liquid condition, substantial cash re-
serves and large holdings of high-
grade securities, the report reflects
the characteristic strength 'of the
bank and gives ample 'evidence of
its `_ability to meet the- even • greater
demands-, that. may be.' made "upon
it as a result of the war.
The•statement, • whiell .isfor the
twelve; :°months ended October, .31.
is set out in its customary "easily,
understandable" form, the various
iteins of the. • balance ' sheet. being
accompanied ' by 044—sanatory nota
tions.
Commercial loans, including ad-,
-vanes to
manufacturers; farmers '
merchants and others, have in-
creased 'substantially, being 18 per
cent above the 1940 figure, In
Canada these loans amount to
$254,427,000, • , "compared • with
$218,759,000 a Year ago; the com-
parable • figures for cotrimercial
loans abroad' are $21,271,000 ; and
$14,801,000. Call loans, both at home
and .abroad, show ;a• drop, as was to
be expected -- the 1941 figure of
$20,041,000 being down by more than
four million dollars.
A.._si nifioan:
t deer-ease-is--to---be=
g
noted in advances to provincial and
municipal governments, . including
school districts, which last 'year.
s oo a $35;313;0-60. The 1941 figure
is $28,964,000. It is believed that the
reduction reflects improvement in
provincial and municipal govern
Ment finances."
High Liquidity
As a whole, however,' with' the
advance in commercial loans, there
is a sizeable increase in the bank's
loaning business, Notwithstanding
this expansion,. the, statement re-
flects no impairment in the bank's
liquidity, for quickly available re-
sources amounting•. to $705,662,000.
the equal to 73 per cent of all lia-
bilities to the ptiblic. Last year
these -assets -amounted -to -$663;t85;
000; equalling' 75 • per ' cent public
liabilities.
By far the most important item
in the bank's -quickly available as-
sets is, of cburse, its holdings of
government and other bonds and de-
bentures. These amount to $498,740,-
000, compared with $461,827;006: a
year ago and consist in the main
of Dominion Government and high -
t r y . �T�0 ,,.c -'fa ' t4-14�;'
el -fifties whicfrmature-at'early-dates.
=Cash in its -'vaults; and money on de-
posit with the Bank of Canada in-
creased from $838034,1000 to $92,-
755,000; whichis in keeping „with
the enlargement noted in deposits.
In Canada, the bank's deposits
have: risen from V731;081,000 to,' the
record figure of $809,110,000, while
abroad • a small increase has also .oc
curred,'the 1941 figure of $119,277,-
000 being about a million and a half
dollars above the amount shown a
year ago.
With total assets amounting to
$1,046,551,479 and public liabilities
standing. at $969,645;608, the..excess
of resources over liabilities; which
represents the shareholders' ,inter-
est in the bank, amounts to $76,-
905,870.
76;905,870. This amount comprises the
capital, . the reserve fund, the Pro-
fit and Loss" Account. and reserves
Pro-
fit
dividends, over which, all •lia-
bilities to the public take .prece-
dence.
Profits Stationary
Profits for the twelve months re-
main practically stationary. After
making provision for bad and doubt-
ful debts and after deducting Dom-
inion Government taxes amounting
to $2,242,905, the profit figure stands
at $3,437.,026, compared with $3,435,-
941 for 1940,,• and is equal to 4.51
per cent on the shareholders' equity,
as against 4.5 per cent last year.
- After deducting dividend pay-
ments of $2,880,000 and • anappro-
priation for 'bank premises of • $500,-
000, the balance remaining • stands
at $57,026, which added to the a-
mount in Profit and Loss Account
brings the balance carried forward
in this account to $1,153,668.
WROTE DEPARTMENT
ABOUT .DEAD ANIMALS ,
Dave McConnell;, Goderich fish
dealer, whose indignation was re-
cently aroused—and his stomach up-
set—by a truck -load if fly ,covered,
dead horses'that was parked on
Lucknow main street, wrote the De-
partment of Healthat Toronto about
the matter, pointing, out tothem the
dangerof infection by being bitten
by these flies.
In reply.. Dave received the fol-
lowing , letter:
Parliament Bldg.,
Toronto, October 17,
Mr. Dave McConnell,
Goderich, Ontario.
Dear Sir:
In acknowledgment of your let-
ter of recent date might I say that,'
while it is appreciated that flies
are on occasion carriers of disease,
most of these diseases are those
which attack the intestinal tract. To
date it has. never, been demonstrat-
ed that the bite of any variety of
fly commonly found in this coun-
try is harmful to man. However,
this fact should not justify the care-
less handling of dead animals, ,
Yours sincerely, •
J. T. MAI%,
a' Chief Medical Officer of Health.
A' very suitable R.A.F. slogan
now would be "See Naples .and
Dive".
DESCRIBES "THRILLS", OF
TRAIN TRW FROM • 'PORT
ELIRDI TO PALIYIERSTON
The Port Elgin Times has been
compalining bitterly of• the train,
service' given. that• tow, i. The writer
points out that it . takes longer to
get to Palmerston ' bytrain than
from Port Elgin to Toronto by mo-
tor car. -
The Collingwood Enterprise -Bul-
letin suggests that it is this motor
car travel that is responsible for
the service. "After all, a.. railway
cannot run on wind".
The Port Elgin scribe comes back.
with a "play by play" account -•of
a train ride from Port Elgin to Pal-
merston. Here it . is: . -
"'"The. 12.25 To. Palmerston"
• "Crave excitement? Then enjoy a
thrilling ordeal on ''the, . noon _train
from- Port Elgin; the beauty - spot•
of Bruce County, to5Painierston.
"For the. convenience of travellers
we suggestthat they : should arrive
at the station at least .tenminutes
lite -in- order to be in plenty of
time. This will' give both . of you
an admirable opportunity of wit-
nessing the loading of live stock.. Te
a traveller 'who anticipates . this
journey with despair this sight Is•
a most welcome diversion and it
guaranteedto delay , departure for
another quarter of an hour.
"Before entering the coach, be
sure to pause and admire the fine
steel_car. that: -carries -the mail- •and
the express. "Let it never be said
that YOUR railway isn't giving your.
letters- ndl parcels -the -ver y -finest-
of accomodation '
"When the cattle and hogs are
safely, ucked away, a new delight
awaits you. Enter the coach and
find • a coinfortable seat. Relax in
the comfort of the guaranteed no-
give seats which were installed as
a public service in the early 1890's.
Yes, just relax for the 'next four,
five or six hours and you will find
that the time does not seem long to
make the. journey o'f , 'fifty-four
miles. ,-. ,
"Asa convenience to dog . owners
who take their pets on this thrilling
journey—and who wouldn't want
clan's best friend' to have a :holiday
jaunt?—we must enforce certain
safety regulations. If' your dog:
would like to have -.a run during the
trip, > e • sure that it runs beside the
train and doesn't -deal -ahead -of -the
r..
- u
your pet.
"So, think of yourself, your let-
ters, your parcels, your cargo of
livestock, your comfort, your pet,.
and your speed in . travelling the
fifty-four miles:. YOUR -railway, paid
for out of your taxes, offers you
all this at a moderate price. So step
right up and buy , tickets.
SONG • IN THE HEART
(By-E.R.B., St. Helens)
You tell me November is dreary
We've had nothing but wind, hail
and rain,
The birds have 'deserted the. wood-
lands
Their southern homes to regain.
There are days since we saw any
sunshine,
The moon is not doing her part, , .
But the sunshine is bright
And there's moonlight at night
If there is a song in the heart.
This song has a theme most elusive
It neither has words or a tune,
It's :a sort of elation of spirit
As sweet in • November as June.
It' sings in the springtime when Na-
ture
Is . gently pursuing her art,
Or when shadows 'are playing
O'er tall wheat fields swaying,
This whimsical song in the heart.
But the heart must be right to re-
tain it
And pure mist indeed be the life
For it sings not where • vice is en-
slaving
And flees before anger and strife.
Sometimes when the shadows have
deepened
And you travel the way all alone,
The sad heart keeps_ calling and
calling
For the loved "ones it once called its
own.
But as dawning comes after the
- '-darkness '
As lillies from mud bottoms start,
So up from the ashes •
Hope rises, then flashes
Again the sweet song in the heart.
THE RECOVERY of Jacob .Schur -
ter, -Walkerton merchant, is now
expected. Mr. Schucter was danger-
ously injured when shot in the chest
while hunting deer fin Greenock
swamp.
trtE NEW ARENA and recreational
centre in Kincardine is nearing com-
pletion and in a short time it is
expected the building . will be of-
ficially opened. N. O. Heipel of Pres-
ten 'has the general .'construction
contract. In spite of the new arena,
it is alniost impossible to create any
hockey' enthusiasm in Kincardine,
even in the juvenile ranks.
SEEING OTTAWA
(By Hugh MacMillan) •
On Tuesday, November llth, 7
visited Ottawa. "See America First"
"See Naples and ' Die", are travel
slogans we' all,know. Well, I have
Seen a lot of Canada at one time
or another but this was the first
time to see the capital. "See. Ott-
awa Last" 'seems to be the best T
could • do. But I don't want to see
Ottawa and die, rathershould ones
tltotto, as a Canadian be, "See Ot
tawa and live -for a better Can-
ada". •
'Ottawa is a good place for Can-
ada's capital. It is -interesting that
a small place got the capital •rather
than a bigger city like Toronto or
Montreal. Really my first impres•
Rion Was that the capital is -too big
for the city. Like a dog's tail. that
is big enough to wag the dog. Any-
way it is. nice to . have -the parlia-
Ment build ns there in the'.•heart-
:7f the city all ready to give a hearty
welcome to .any, onewho comes, a-
long.
The welcome ,to -Canada's capital
is not a little of a surprise.
Approaching the city via C. N. R.
from Montreal-doesntt-give hint • of
Anything imposing ahead. The level,
fields' could be anywhere in ahun•
•fired Canadian countrysides. We us-
ually look` for ,a great capital to be
located in some "high place". Per,
haps that is why. we speak so feel-
ingly about "Parliament Hill". There
actually is a hill too. At least the
Ottawa river banks are high enough
at that point to serve' the purpose
very well Though not a very high
hill ' it is quite sufficient to satisfy
our desire for prominence. On .the
Aieight', stands', the •• House of Com,
mons With -the the
hclock tower, and e.
Union Jack waving on the top of its
heaven -pointing finger.. The 'clock
:atrikes every_._quarter_bour to_r.-
mind people that the tower still
stands. 'If -'they lookup they will
see that the flag is still flying. It
Ides duty too in waving a welcome
to the capital city.
Under the clock are the tower.
chimes. On. special occasions these.
peal out a very special welcome.
And freouently they .sing out some
of the old songs and hymn's every-
body is supposed .to.,, know. On Re-
membrance day the chimes added a
special note to the capital's atmos-
phere. In . the gray, almost weeping,
skies of November 11th, they tolled;
to the brave of:1914-1918 as wreaths
to the known--and—unkunwn 'de d-
were laid before the war memorial.
Memories of fallen friends freshen-
ed as the notes of "Abide with me"
warmed the chill November air.
TONS OF TURKEY 'DEVOURED IN
UNCLE SAM'S TRAINING CAMPS
The following clipping was sent
us by B. Audrey Parry df Dear-
born, Mich., and a• niece of Mrs.
John Hodgins 'of Kinlough.
It tells an interesting story of
how Thanksgiving tables groaned
in- Uncle Sam's military training
centres. The article is as follows:
"The high price of Turkeys this
Thanksgiving season, despite the
bumper 1941 crop 01 these birds;
was partially explained this week
by a news release from Fort Custer.
It seems that a lot of young 'fellows
who most.' likely' would have . eaten
chicken, beef "or some other form of
heat at home—help ed , to devour
many tons of turkey meat Tester -
day in Uncle Sami''•s military, training
centres. •
At Custer alone turkeys . to the .
tune of : ten tons were .placed on
groaning mess hall tables—
together
with the following.
Two tons of celery and 200 gal-
lons of .'olives.
Shrimps cocktail using 1200 lbs.
of shrimp. • •
Gobs of sage dressing and giblet
gravy. '
3,400 pounds .of cranberries, as
sauce.
Three tons of sweet potatoes.
Four tons of mashed potatoes.
4,800 pounds ' of buttered string
beans.
5,90 -pounds\ of creamed carrot§
b
5,000pounds ounds ,of salad, lettuce
hearts and Russian dressing.
Choice of pumpkin and mince pie;
a ton. of ' each. -
Two ons of fruit cake.,
25,000 apples..
9;000 pounds of bananas.
6,000 pounds of grapes.
2,000 pounds of mixed nuts.
500 pounds of mints. •
`800 pounds of coffee used.
500 pounds of cheese.
Most interesting place of all . is
the House of Commons itself. Here
ones sees Canadian democracy in
'action. "It is a good place to . see.
Tt stimulates interest in things, Can-
adiat�,; It.; should-. stimulate: interest
n raisin u' 1 s o t
d fi tri_..1re- Can-
-- raising -up-
' ^*' :.ice-�zt
riieti ria' G'anadigi3 rile: -As. Ca
adians, have we lost interest in pol-
itics? "It's a dirty : business; let
George do it", isn't good enough if
the country's goocris to be consid-
ered. Canada needs political discus-
sion groups • in every concession
,school house if the future, of dem.
ocracy • is to be secure. From such
groups sight-seeing parties could
come un to Ottawa to see things for
themselves. This •would stimulate in-
terest.
To see around with "Sandy" Nich-
-lson was a peculiar privilege. It
was also interesting to meet other
`'nembers cif his ,party, the C.C.F.
Conservative and Liberal light on
political problems are somewhat like
the right and left lights on a motor
car. They -show the road all ~night,
, but the third party is like the, snot
light that looks underneath the
others showing up a lot of things
the driver ought to know about. Of
course Sandy and I went along to
the newspaper room to see where
they keep The Sentinel. Evidently
newspapers are the . eyes and ears
of the M.P.'s for gauging public op-
inion. Newspapers are well thumb-
ed. The newspaper room seemed
more tracked• and thumbed than the'
library. But;. it is rather hard tc'
iudge this point. •
One of the members told .me there
is a lot of "missionary work" to do
artkenci Ottawa. So perhaps he us&
his Bible in addition to the news
papers. Anyvbay''the good book it
not forgotten. On.. seeking -entry tc
the special gallery for which 'I hal'
a ticket, the door -keeper held me
hack saying "Ssshh, just a minute
they're savin prayers. You can't
net in • yet". ,' `
Before leaving the pity I though
I'd have 'a look through the Chateau
Laurier C.N.R. Hotel. Sitting in the
lobby for a few minutes suggeste;'
to me that the place must be fillet'
, at present with ' majors. Messenger
boys with salmon -can shaped cock-
ed hats came through the rotundr
'singing "Major -yoo-hoo", -in a high
pitched sing -song that pierced right
through the Chateau. buzz. No ' less
than six• majors were called durint•
my five-minute stay. Outside, on the
station platform "red caps" dasher'
about looking after the baggage of
other "red caps" and all sorts of
government officials. If it were •not
for these and other signs, the C.N.R
Hotel and station would not be se
different from anywhere in Can
ada.
rw
STRANGE MURDERS. EVIL IN-
TRIGUE, WEIRD REVENGE. "RID-
DLE IN RED", by Jonathan Stagge,
starts in The American Weekly with
this coming Sunday's issue of The
Detroit Sunday Times. An Unfor-
gettable new novel .,,. illustrated in
FULL COLOR ' by the author of
"The Table Talks" -and other popu-
lar novels. Be sure to get. The De-
troit 'Sunday Times this week and
every week. -
Teeswater, Ont.
Mr. Campbell Thompson,
Dear Sir:
Please find renewal for The . Sen-
tinel.. We enjoy reading The Sentinel.-
very—
entinel..-rvery n uchg.,Have-hadmitw-come MteNat '°--
40 W t'a'ke .great` inter
est' in the photo. `each week. 1 have
been able tidentify the majority
of them. • •
Yours truly,
Robert A. McInnes. •
Wauchope, Sask.
November 2, 1941.
Mr. Cam Thompson,
' Lucknow,, Ont.
Dear . Sir:
Enclosed findsubscription for an
other year. You • have made tluite
an improvement in The Sentinel,
and the 'pictures of the old timers , .
are good. Of these who were there
before 1899, I have Missed my guess
on two, but Joe Grenache was not
one, he :was the first I thought of '
when his picture appeared. Those
since '99 I do not know, as it will
be forty-two years, next March Biome
1 was at. Lucknow.
As there has been some mention
of old coins in The Sentinel, I Will
mention a few I have: one U.S. half
cent 1807; one English coin 1740,
copper; ; one twenty-five , cent U.S.
gold piece •,1852; one fifty -cent U.S.
gold piece .1853.; one three -cent U.S..
silver piece 1852; one two -cent cop
'per,, bronze, U.S. 1868; two U. S.
large copper cents 1837 and 1854;
also coins 'from many different coun-
tries, but the daddy of them all for
age is a...Rornan Dauarii not coined
after 60•A.D.
:vf
I am sending you a snap of a toad
I picked up' in 1905. It is a misfit '
I guess. It has two front arms, from,
shoulder and one half arm from el -
bow
l -bow on right side. No' copyright; so
you may use it if you .wish.
Yours truly, ?
W. D. ' GOOD,-�
Box 14 .
e Wauchope, Sask. , '
'(Editor's Not --One would have to
-seethe snap of this toad to realize,
what a freak is really was.)
•
57 Schools Closed This Year
Fifty-seven small attendance
schols, the' largest number affected
in any single year, were closed dur-
ing) 1941. by the Provincial Depart-
ment of Education. Enrolments in
the schools closed during the past
few months range from one to 14
students. A move' to close -small-at-
tendance ' schools has .been under
way for many years, although
wasn't until 1937 that an active plan
for their abandonment was under-
taken. Before 1937 the number of
schools closed was 46. Since the
beginning of that year 208 schools
have been closed.
CONSUMERS •READ
NEWSPAPER ADVERTISING
Consumers read a vspaper adver
tising°with eager interest because it
tells them where, when "and how to
buy the things• they want, Many
consumers consult no other source
for. this information. Because news-
paper advertising has the proved
ability to mould shopping habits, re-
tailers spend $382;000,000 annually
for newspaper advertising—for more
than for any other kind of sales
promotion.
iD