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HomeMy WebLinkAboutThe Lucknow Sentinel, 1922-09-21, Page 4THE LUCKNOW SENTINEL, THURSDAY, SEPTEMBER 21, 1922. LUCKNOW BRANCH—J. A. Glennie, Manage* THE MOLSONS BANK (HE XD OFFIC,' HAMILTON HE farmer’s herd of Cattle is his reserve account, growing continually in value. A certain por­ tion of your profits should be regu­ larly used to create a fund for the development of your herd. If you need a loan, see our Local Manager about it. BANK OF HAMILTON DEERING and McCORMICK FARM MACHINES and REPAIRS I.H.C. Tractors and Engines; Geo. White & Son Threshing Machines; Loudeff*s Litter Carriers, Stalls, Stancions and Water Bowls; Frost’s Coiled Wire and Woven Fence; Connor’s Perfection Electric Washer; Gourlay, Winter and Deeming Pianos. FOR SALE BY W. O. ANDREW LUCKNOW INCORPORATED 1855 Capital Paid Up $4,GOO,OOO Reserve Fund $5,000,000 Over 125 Branches Teach Your Children Industry and Thrift Reward them for doing work around the house, and impress upon them the importance of saving their earnings. Why not open an account for them in the Savings Department of Tho Mnlsons Bank. Money may be deposited and with­ drawn by mail. T. S. REID, MANAGER, LUCKNOW BRANCH Yffiurkiwin S’rtttttwl -ablished every Thursday morning at rj i ;ci uv, O ita-io. k. D. MACKENZIE, Proprietor and Editor. THURSDAY, SEPTEMBER 21, 1922. ARE WE TO HAVE ANOTHER WORLD WAR? the world a in it. blue” little years ago. howevex, does not more than likely that the Turks will not attack the neutral territory, and that the volcano having emitted this appalling cloud of smoke will subside without an eruption. HENRY FORD GOES ON STRIKE closing will hardly bring about a change in the price of coal, or steel, or transportation. CONCERTS NOT PAYING RED FRONT HARDWARE For almost two years organizations piloting on concerts, the urogram be- in.'’; given by those in the business of concert entertaining, have found it difficult, if not impossible to make the enterprise worth while from a finan- | cial standpoint. We had an example. of this last I week when the local Fire Company in i its patriotic efforts to add to the nemorial fund, engaged the Fax Fun ; Company to give a concert in the I Town Hall. As a concert entertain­ ment, the performance was as good as any that comes; but there was only about two-thirds of a good crowd. Of course, 'the public could not know just how good the program was to be. Almost another generation has grown up since Jim Fax visited this part, and the ether artists were new. But under similar circumstances, in form­ er years the Hall would be well filled, i and those promoting the enterprise would have had a fair profit. As it was, the Fire Company are only a few dollars ahead. Doubtless, a good deal of the entertainment money is absorbed by the picture show’s, and the public desire for amusement is, in a large measure, satisfied there. Expenses, of course, are greater than in past years. The travelling and hotel expenses of a troop are much higher. The rent of a hall is greater and advertising the affair comes higher. In this way the margin of profit is worn away. W’e notice that the entertainments, good, clean and been successful in Ontario this the Collingwood Bulletin says:—We are of the opinion that if Chautauqua makes a visit through this section next season a more generous con­ tract will have to be offered. The only place we have heard of where the guarantors were not called upon to make up a deficit was Ottawa. We note by la>t week’s Bowmanville papers that even in that place, where a large profit was made a year or so ago, the guarantors were called on to put up $7.50 each, having been $303.13 behind. In Barrie also the deficit was $300 while the town Council in a generous outburst tack­ ed on its fellow citizens a license fee of $55. It cost Amherstburg guarant­ ors $4.26 each to satisfy the deficit and the guarantors of the Chautauqua at Kingston, were required to put up a deficit of $75. At quitting time. Saturday evening of last week the great automobile works of Henry Ford, at Detroit, closed down indefinitely. The hope was expressed, however, by Mr. Ed- sell Ford (son of Henry) that the plant might soon be re-opened. But if there was any real expectation of this, the closing, involving such tre­ mendous waste as it must, would hardly have gone into effect. The Ford works are so large that their closing is a calamity even to so large a city as Detroit. In his var­ ious plants, Ford had about seventy’ thousand men at work, and it is said that about thirty thousand more, working in plants which made special parts for the main Ford works v ill also be out of work. About one hundred thousand men, therefore will be idle because of this move. The explanation given by Mr. Ford is the high price of coal and steel. Ford claims that the prevailing prices for these are wholly unjustified, and that the whole strike trouble and the consequent scarcity and high prices are due to the schemings of big- monied profiteers. Mr. Ford does not say that he cannot get coal and steel. He can get them, but he will not pay the prices demanded by the profiteers, as he calls the coal and steel men. He, therefore has quit—gone on strike so to say, against the profiteers. Henry Ford talks almost “red” sometinmes, and ‘would almost seem to be bidding for popularity with “the working man.” He is some plutocrat himself and could have gotten along with lower piofits than he made, his hand is against the other monied men of the country. Mr. Ford has a great genius his particular line of business, outside of that he rarely shows ordin­ ary commonsense. His expedition to Europe to “get the boys out of the trenches” was a sample. He thought that profiteers were carrying, on the war. His attack on the Jews was an­ other example of his bad judgment. When Henry Ford closed down some time ago he speeded up all his machines, so that when the men re­ turned to work, some 30 thousand were doing the work formerly done by 50 thousand men. Who knows what new arrangement he may introduce this time; or perhaps the new high sneed has overstocked the market. Bi g though the Ford works are. theii’ With the Threshing’ Season at hand we have Oil, Grease, Belting, Etc., at Right Prices z • POLARINE—A Tractor Oil, The whole country -was thrown into a state of excitement when Monday’s daily papers came out with headlines suggesting the outbreak of another world war in Europe, and the pos- sability of Canada taking part It was another “bolt from the such as shocked more than eight The situation, appear to be quite so bad as the scare headlines in the newspapers would suggest. They were mainly due to the fact that Britain had unexpect­ edly sent out an invitation to the Dominions to take part in defending, by military force, a small neutral territory including Constantinople and the famous Bosphorus and Dar­ danelles straits, threatened by the Turks who have just won a signal victory over the Greeks in Asia. The whole situation in that wretch ed part of Europe about the eastern end of the Mediterranean Sea is so complicated that no ordinary person can understand it. The excitable,hot­ headed, short-sighted nature of the people appears to be the chief trou­ ble. As individuals they are too ready with the knife, and their governments appear to be like the individuals— flying into a passion and attacking their neighbors with little regard to later consequences. By th» peace arranged following the great war the “neutral zone” above referred to was carved out of Turkish territory, because from a mil­ itary and commercial viewpoint it was regarded as if too great importance to be in the hands of the treacherous Turks. It was like cutting the heart out of Turkey, and, of course, Turk­ ey didn’t take kindly to the process. Turkey -was further reduced by the giving of a substantial slice of ter­ ritory at the eastern end of the Med­ iterranean Sea, including the great city of Smyrna to Greece. It was this niece of territory which got Greece into the present trouble with Turkey. The Greeks being no match for the Turks in battle were speedily driven out of this territory, and the Turkish army, on coming to Smyrna (which was about two-thirds Greek and Armenian, and one-third Turk­ ish,) indulged their savage nature by burning the city and conducting an indiscriminate massacre of the un­ fortunate inhabitants. Maryv, of course, escaped, but the affair ap­ pears to have been one of the worst on record. Flushed with their victory over the Greeks, the Turks .appear to have developed an ambition to regain the “neutral territory” as well, including their ancieft capital—Constantinople. But the integrity of this neutral territory is guaranteed by the nations who made the Peace—the Allies in the great war. And that is how Britain, the overseas Dominions(ln- cluding Canada), France and have become involved. These defend the Peace they made. That, of course, would not much of a world war; but unfortun­ ately the tangle of interests does not end there. It is said that the “red” government of Russia is favorable to the Turks, and will support them in their effort to regain Constantinople. Bulgaria, another restless savage, is also with the Turks; and the question is asked: “What will Germany do?” The Russian Government, maddened by recent rebuffs by Britain and France and by the failure of its own wild plans, will do anything to strike a blow at the “capitalist countries.” We may assume that Germany would take any opportunity to defy France, and repudiate its reparation obliga­ tions. Likely it is the possibilities which lurk in this big situation which has prompted the British Government to invite the Dominions. The display of a solid front may be all that is nec­ essary to hold the wild beasts of Eastern Europe in check. If war should come along the lines suggested, 'it cannot possibly be on the scale of the great war. The op­ posing countries simply cannot put the men or the equipment in the field. Germany will hardly venture, for France must be in a position to launch a big army into Germany on a few hours notice, and to this Ger­ many without an organized army could offer little resistance. Russia is in poverty and without means -of mov­ ing a big army; but though the Rus­ sian Government could do nothing to feed its starving millions a year ago, it was always able to keep and feed pn army of a million men -or more. It is the bare possibility of a war between these big combinations that has shocked the country; but it is cr But big for hut in single gallon or barrel lots, 85c. per gallon. We are clearing Lawn Mow ers at Chautauqua which are always instructive, have not in a financial way year. On this point LucknowPhone 66 RAE & PORTEOUS FROM THE SANDWICH ISLANDS Regular $10.50 for $ 9.50 Regular $11.50 for $10.50 Regular $13.00 for $12.00 Pine-apples are becoming a more im­ portant product down there, the ann­ ual production now amounting to fourteen million cases. Steamship lines connect Honolulu with the most with the most the world and to Ontario has nine days by modern express trains. (Walkerton Telescope) Mr. Gilbert McNichol of Honolu­ lu, Hawii, spent a few days this week with his brother and sister, Mr. D. and Miss McNichol and his uncle and aunt, Mr. and Mrs. D. McKerracher. It is twenty-eight years since Mr. Ni- Nichol left the old Brant fann for the States, migrating very shortly after­ wards to Hawaii where he has held an important position in the U. S. customs for many years. Mr. McNi­ chol states that things are very pros­ perous on the islands at present. Im­ mense sugar plantations are being j operated by big American companies. important seaports in the trio ’’om the city now been cut down to fast steamships and Those Who Stay in the Valley Will Never Get Over the Hill After fifteen years girls devote all their thought to getting a husband; but you wouldn’t think it after you see what some of them got.IMPROVED TRAIN SERVICE Sunday 1.45 2.04 2.21 2.54 3.18 4.01 4.23 5.36 Daily Except 5.30 5.50 6.09 6.40 7.06 7.50 8.28 9.45 Lv. Kincardine Lv. Ripley Lv. Lucknow Lv. Wingham Lv. Brussels Listowel Lv. Palmerston Ar. Guelph Lv. Ar. Brantford Ar. Hamilton a.m. a.m. a.m. a.m. a.m. a.m. a.m. a.m. p.m. p.m. p.m. p.m. p.m. p.m. p.m. p.m. Bring us your C earn, Eggsand Poultry aial be on the hill-top We Pay You CASH Honest Weights, Accurate Tests and a Square Deal to All 1.00 p.m. 1.00 p.m. 8.35 p.m. 8.30 p.m. 7.49 p.m.Ar. Toronto 11.10 a.m. Returning--Leave Toronto and 5.02 p.m. Through coach Kincardine to onto on morning train. Parlor Buffet car Palmerston to Toronto on morning train and Guelph to Toronto on evening train. For full particulars apply to Grand Trunk Ticket Agents. 6.50 a m. Tor- F. F. PHILLIPS, Agent, Lucknow. Highest Cash Price Paid for Cream and Eggs Any Day Test Guaranteed at PALMER’S DRY GOODS STORE “Once a Customer, Always a Customer Give Us A Trial PHONE 75 A F.&A.M., G.RC. Old Light Lodge meets every Thursday night on or before the full moon, in the Mas­ onic Hall, Havelock St., Lucknow. W.M., T. S. Reid; S. W_, J. J. Mc- Quaig; J. W., Geo. M. Stuart, oec.. Chas W. Alton. Lucknow their lodge day of the W.M., Jas. McQuillin. L.O.L., No. 428, meet in room every second Tues- month at 8 o’clock p.m Irwin; Rec. Sec’y., Wm. SILVERWOODS, For Service LUCKNOWPHONE 47, Italy must U-Need a Monument The Lucknow Marble and Gran­ ite Works has a large and com­ plete stock—the most beautiful designe to choose from in Mar­ ble, Scotch and Canadian Gran­ ites. We make a Monuments spection. Inscriptions ly done. Call and see us before placing your order. ROBT. A. SPOTTON, Lucknow, Ontario. we are permanently settled see W. J. Douglas Specialty of Family and invite your in- neatly and prompt- Until GUELPH CANADA I.O.O.F. Lucknow Lodge meets every Friday evening at 8 o’clock in their Hall, Campbell Street^All brethren cordially invited. Officers: Noble Grand, Arch, Barbour; Vice Grand, MacLean Johnstone; Rec. Sec., E. Aitchison; Fin. Sec., Dr. Paterson; Treasurer, Alex. Ross. & make e le 51 per cent Canada’s Issued in 1917 and Maturing 1st December, 1922, rr. i rYfWY fa ini hry i y fY iehtiII y rRi y rOj y pi! a iridWr^-^i To Holders of Five Year Victory Bonds CONVERSION PROPOSALS THE MINISTER OF FINANCE offers to holders of these bonds who desire to continue their investment in Dominion of Canada securities the privilege of exchanging the maturing bonds for new bonds bearing 5| per cent interest, payable half yearly, of either of the following classes:— (a) Five year bonds, dated 1st November, 1922, to mature 1st November, 1927. (b) Ten year bonds, dated 1st November, 1922, to mature 1st November, 1932. While the maturing bonds will carry interest to 1st December, 1922, the new bonds will commence to earn interest from 1st November, 1922, GIVING A BONUS OF A FULL MONTH’S INTEREST TO THOSE AVAILING THEMSELVES OF THE CONVERSION PRIVILEGE. This offer is made to holders of the maturing bonds and is not open to other investors. The bonds to be issued under this proposal will be substantially of the same character as those which are maturing, except that the exemption from taxation does not apply to the new issue. Dated at Ottawa, 8th August, 1922. avail take NOT Holders of the maturing bonds who wish to themselves of this conversion privilege should their bonds AS EARLY AS POSSIBLE, BUT LATER THAN SEPTEMBER 30th, to a Branch of any Chartered Bank in Canada and receive in exchange an official receipt for the bonds surrendered, containing an undertaking to deliver the corresponding bonds of the new issue. Holders of maturing fully registered bonds, interest payable by cheque from Ottawa, will receive their December 1 interest cheque as usual. Holders of coupon bonds will detach and retain the last unmatured coupon before surrendering the bond itself for conversion purposes. The surrendered bonds will be forwarded by bank;s to the Minister of Finance at Ottawa, where they will be exchanged for bonds of the new issue, in fully registered, or coupon registered or coupon bearer form carrying interest payable 1st May and 1st November of each year of the duration of the loan, the first interest payment accruing and payable 1st May, 1923. Bonds of the new issue will be sent to the banks for delivery immediately after the receipt of the surrendered bonds. The bonds of the maturing issue which are not converted under this proposal will be paid off in cash ca the 1st December, 1922. W. S. FIELDING, Minister of Finance.