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HomeMy WebLinkAboutThe Exeter Times-Advocate, 1929-06-06, Page 3jously rj and three daughters and ono gon. Friday at attack of 75 years, with the and ■ was DEBENTURE IS AN ODD WORD FOR ACKNOWLEDGING A DEBT CAMPBELL & HOT ARTHUR J( f DISTRICT NEWS • Chatautauqua is being held in St. Marys for five days this week, The paving of highway No» 7 from Elginfield to Prospect Hill commenc­ ed last week, -St, Marys United Church propose ■improvements estimated to. post ground $14,000. Zurich’s, hydro rate has been lower- . ed three dollars per horsepower the pew rate being $63.00, . i Messrs. U. F. Stanley aiid J, Clif­ ford Shipley have purchased . the . stock of the G. A. Stanley Hardware . Co., Lucai. ■Campbell Oliver, son of Mr. and Mrs. D. Oliver, of St. Marys suffered a 'broken arjn recently when he fell from a roof. Mrs. James Hay, of Tuckersmith, had. the first finger on her left hand . amputated recently in the Seaforth Memorial Hospital. Miss Edna O’Neil, eldest daughter ■ of Mr, and Mrs. Alex O'Neil, of Mc- .Gillivray, recently underwent an op­ eration at >St. Joseph's Hospital, Lon­ don, for appendicitis. Mr. Ambrose Powell had his wrist severely cut by a circular saw while -- at work at Granton Monday morning. . He was removed to St. Joseph’s Hos­ pital, London, where bis condition is reported ns fair.' FORD CAR HOUDAILLE HYDRAULIC SHOCK ABSORBERS MOTORED TO FLORIDA Dr. and Mrs. J. G. Jose returned on Saturday night from their honey­ moon .spent touring the Middle, Gulf 1 Coast and Atlantic States. They had an enjoyable trip through Cin­ cinnati, Knoxville, Chattanooga, At­ lantic, Macon to St, Petersburg on the west coast of Florida. Their stay in the holiday state was spent in visits to Tampa, Palm Beach, Miami and Jacksonville. Leaving Florida they went north up the At­ lantic coast to Washington and frohi there via. Pennsylvania and New York state back home. In all they •travelled some 4,04)0 miles'-in--eigh­ teen days. Mr. and Mrs. Jose have taken up residence in their new home on Elizabeth St., formerly the Wm. Matheson homestead. — “St. Marys Journal-Argus.” Mr, and Mrs, Hugh NorrlS'. of Staffa, announce the engagement of their daughter, Eva Ismera,. to Mr, William George Parker, son of Mr, and. Mrs, Enoch Parker, of Chisel­ hurst, the marriage to take place quietly early in dune. Mr. and Mrs-, W, H. Talbot, of Stan­ ley Township celebrated their for­ tieth wedding anniversary on May 22nd, Mr, and Mrs. Talbot are pit­ paring to. leave their fine farm on the Blue Water Highway to their son Leonard and to retire to Bayfield. William Cullen Bryant, son of Mr. and Mrs. Bryant, of Thedford, also Alexander Henry O’Neil, son of Mr, and Mrs. Alex O’Neil, of Clandeboye, were ordained by the Archbishop of Huron, in New St. Paul’s Anglican church, Woodstock, on Sunday, May the 2’6tk. After a brief illness (Mrs, E- Brown, wife of Mr. H. Brown, pass­ ed away at her residence ip. Alisa Craig. She was an. active worker in the United church, the funeral being held from the church. Besides lief husband, Mrs. Brown leaves one sis­ ter, Mrs. MacKellar, of Alisea Craig. Mr. Thos. Grieve died- at his home, in seaforth nearly six weeks after he had been stricken with paralysis. Mr. Grieve was born in "McKillop 74 years ago where he lived until re­ tiring to Seaforth five years ago. He is survived by his wife, .who is ser- *♦* **• Every man. js everything.• < * The man who self should. Being timid isn’t worth as muclt as it costs.» * ♦ * * * *♦♦ Every, young man is where he is because that is his place.■ ■■ - . goods TTOUDAILLE Hydraulic Shock Absorbers, four • ■*> toevery Ford car, are entirely defensive in their action since they remain inactive and in neutral position on smooth roads. Let a wheel encounter the slightest depression or bump, however, and they respond with the velvet precision of a cat’s paw. Houdaille-Shock Absorbers were not adapted to the Ford car after it was built,"but were part of the speci­ fications laid down by the Ford engineers as they' planned the car. Therefore, Houdailles, their power­ ful operation coordinated,'became integral parts of the complete chassis. It is for this reason that they function with such perfect, efficiency on the Ford car. x * * ir?-*"**«*"W After a man lias set a new record! what does he do with it?—.Detroit Free Press. People always admire a man with, opinions of his own' if his opinions match their prejudices. * * is * * * « * * It's a funny country that won’t abide by “the laws and continues to abide the law breakers.. »*♦ »»* If happiness be 'the aim of life; of what use is education unless it makes for Happiness? Once the bride was eiictowe^witlv worldly goods and didn’t get them;- now she isn’t and does. » r. >r »*«*** • I have yet to learn that any’com-’ , petent manufacturer or tradesman suffers by competition.—Sir William Schooling.. ...v. , . ■ * # »», * ♦» In the olden days they used to kiss and make up; now the maXe-up comes ahead of everything.—King­ ston Whig Stasdar.d-; Make yours an electric home with. Delco-Light-^ flooded Houdailles absorb both .the upward and downward thrust of the shock through slowing the spring action by means of a heavy, glycerine solution, which is forced through a small valve from one compartment to another. They check the rebound of the car softly, exert no tension on the springs and arc always ready to offer resistance to the blow when and as required. In fact, the more severe the shock, the more effectively Houdailles operate. Different from any1 other shock absorber, the Houdaille connecting link between the frame and the axle of the car is a steel arm, not just a fabric strip to wear out and bc/eplaced. Adjustable to suit differing road conditions and various loads, the Houdaille is more than a shock absorber and more than a snubber. Inspect the Ford car carefully-part by part. .Then know the thrill of driving it. By its performance you ■will realize the easy riding cdmfdrt of an Houdaille equipped Ford. Drive it Yourself— there is no Better Test Ford Car Features Choice of colours ss to 65 mites <jm hour , 40-horse power enftinc Full balloon tires FuUu enclosed six-brake system 4 Houdaille hydraulic shoefe absorbers SO to SO miles per gallon of gasoline Shatterproof glass windshield Theft proof ignition lock Itelidbililifanii low upkeep Arrange for your demonstration ride with the nearest Ford dealer ITH/-A.JC/ JL 11/IX HTOUCH a button and your home •J- with bright elec.tric light; turn a tap^and you have all tlie water you want, wherever yq^ii ivant?: it; make all your daily tasks easier. Let me demonstrate Delco-Light for you. how little it costs — and how easily it iii purchased on the General MotOKS^ea^ plan. DELCO-LIGHT SALES AND SERVICE ^ Box No. 1, KOMOKA, ONT. S, • . EXETER, ONT. ’ ' " In Building Your Home it Costs . TSTq More to Stop Fire By specifying Gyproc Wallboard you assure walls and ceilings that are efficient fire barriers— yet the cosuis nd more, and often less than with’ Materials that give no fire protection whatever* For Sale By The Ross~Taylor C0,» Ltd^ At &.Son’; ranbo<ard THE EXETER TIMES-ADVOCATE The death occurred recently of .Tames K. Mair, son of Mr. Gilbert Maji* of the Huron Road. Mr. Mair had not been in the best of health for some timeout had been going about this spring and seemed bet” ter. He was looking for some stray­ ed cattle and, jt is supposed he over­ exerted himself, “Mr. Cecil Gardiner, M.A., son of Mr. and Mrs. Peter Gardiner, who since his graduation from Queen’s University in 1927, has been taking post-graduate work in-electro-chem ­ ical research at-Princeton University N. J., has been successful in passing his final examinations there, and is now entitled to the degree of Doc­ tor of Philosophy.”'—Blytli Standard John I. A. Hunt, well-known Lon­ don businessman died on, his home following an pneumonia at the age of Mr. Hunt was comfected Hunt Milling Company president of the Goderich Elevator Company which he founded. The milling business was founded by his father many years ago and upon the death of his father, Mr. Hunt assum­ ed charge. He had been retired for several years. Besides: his wife he is survived by two brothers, of Lon­ don and one sister of Windsor. (New York Times) Legislative discussion of the form bill at Washington lias- brought Into common speech a. term that has hitherto been confined almost en­ tirely to the people of Wall Street and the financial notices of the news­ papers, It is the word “debenture.” The Senate Committee insists upon inserting a plan for debentures in the bill and the President and mem­ bers of his Cabinet argue at length that there should be no debenture scheme, What, then, is a debenture. Like many new things, debentures are really very old. The word Itself is merely the Latin word “debenture meaning literally “there are owed.” It was the first word of the form that was used in early English times to denote an acknowledgment of debt by the Crown, given to public servants, soldiers and tho like for services, to be presented for pay­ ment to some . designated person at at some fixed time. AR debentures then, are simply acknowledgment of indebtedness1.* With the development of stock companies in England, debentures became increasingly important and complicated. It was estimated be­ fore the war that outstanding deben­ tures of British companies represent­ ed $2,500,000,000, There are now many kinds of debentures, differing THURSDAY, Try this flavo whbn next yo blend rdertea in the nature o-f the security and. conditions of payment. In England they talk of ‘debenture stock” which is merely to say certificates of fixed amounts representing that share, in a loan raised publicly by a corpora­ tion. There are also “participating debentures,’’ where the borrowing company agrees to pay to the lenders a share of the profits without the lender’s- buying capital stock in the company. MISSION CIRCLE MEETS The Live Oak Mission Circle mef? at the parsonage on Thursday after* noon, a quilting bee was enjoyed, i* the shade of the trees, after whicll. the regular meeting was opened wHi» singing, followed by prayer by Mrs> Charles Johns. The Scripture Lies* eon was read by Miss Florence BelL Roll call was responded to by avers^ of promise. Eleven members- wer0. present. Miss M’arjorip Delbridger gave a splendid report of the con­ vention held in James Street United Churchy Exeter, recently, Chapter seven of she study book was taken byr Miss Dora Brook, WISE CRACKS In American usage debentures have been limited to loans of cor­ porations without mortgage,, differ­ ing therein from bonds, which are usually definitely secured by a lieu on property. A corporation that has bonds outstanding and wishes to raise more money may put out de­ bentures, paying therefore a higher rate of interest; or a corporation which has a high credit standing may find it can raise the • money ft needs without giving a specific mort­ gage, merely on. this farin' of ack­ nowledgment Of debt. ’ In government finance the deben­ ture represents a draft on the Treas­ ury. For example, the importer who pays duty on. goods which he expects to export again may recfev^ a debenture from the government for the amount of the dutypayable when it is' shown .that- the have been shipped. good; hut not for * « « ««« feels sorry for him- .uKensall/ Gut.