HomeMy WebLinkAboutThe Signal, 1913-1-23, Page 7Oa
i •
Mid team pons
sad 114111fal law daseesy M paa�
tMr.m•at TW destrM
which meets irt,
buttes « bgamabes at the .Mus of
year wag tri t0l3sW1:—
Alberta
British
Columba
New ! estaireisi
Nova Beetle
. )ntarlS
Prises ledwatrd island
Saskatchewan 13
40
43
23
2
13
7,
..,,.. 6
41
Tukoa........... •• •• •••. 2
Total la Canada 341
Newfoundland 1
London. Zetland 1
United States 4
M exioo 1
Total number of Broaches 300
The number of tis Bank's share-
holders hes Iaereased during the year
from 4.14_ to 6,014. the Increase being
principally duo to the taking over of
the Eastern Townships Bank. The
stock of the beak Is now quite widely
distributed. not only In Canada, but
•bread. as will be seen from this to).
lowing figures compiled as at amebas*
of our year:
No. of Amount
$harmboldera held.
Ontarle ... • .. 1.x13 34.017.1(14
Quebec •.... 1.127 2.213.654
Mlartlm. Provo 702 1.144,4111
Western Prove- 113 242.1110
Great Britain .. 1,643 3.294,400
United States .. 143 2,344.31
Other Countries 33 167,100
1.11 413,401,000
- VP• bave referred to the provisions
of tbe new Bank Act for Increased
note circulation, rad would like to ad-
vert to the proposal that la now be-
ing cuuoldered, of emoting a system
of independent audit to supplement
wont has always been rsrardrd as
..omelets ■nd satisfactory in every
. well-organised bank. There can be
no question as to the Importance of a
strict supervision of all matters per-
taining to our banks, and we should
welcome any plan which makes for
more eftklent management and a pro-
per recognition of the great reapoa-
sibutiee we are called upon to as-
sume. We are disposed to believe
that with the co-operation of the Can-
adian Rankers' .11soclatlon working
through th• various bank clearing
houses, effective service could b0 ren-
dered in the correction of abuses and
the perfecting of methods for the en-
couragement of sound banking. We
hays possibly not taken advantage of
"our opportunities In this respect.
The Bank Act will probably sanction,
under proper Ilene and aselgnments,
the loaning of money to farmers and
ranchers on the sedurlty of grainand
cattle and other live stock In thole
possession. This will uqdoubtedly be
s great advantage Ia many Instances.
and will at least legalise a practice
already quite common. and probably
tend to prevent hasty marketing of
produce. An a matter of tact, large
advances •re made to farmers on th•
security of notes, but actually upon
what they pommies In the way of pro-
docta of agriculture, and their reputa-
tion for honesty and ability, always
an assentlal consideration when lend-
ing money. We have no hesitation In
stating that our farmer customers are.
almost without exemption. satisfactory
borrewers. Our aggregate advances
to formers run Into large figures. es-
timated at 111,011,011 for the Western
Preiinces.
Despite the money stringency dur-
ing the closing months of 1412, and
the Isar that we may feel the pinch
for some time to cos, there are off-
setting Influences at work. The won-
derful revival of trade In every branch,
the bountiful harvests throughout the much needed, must be
hinds and the conaw
egot eeermons postponed for
Increase. In tratnc on the railways. wiwho doubtless o t. e a ulaed iting sthe near
afford excellent wrotman for the as- future,tl o absorbed la the near
sumption that tis unusual prosperity ofobut dt lower erten than here-
wr ere enjoytttg la on • sound b.*Ii. expectations
is order to meet the ern. Our
There la. therefore, some warrant for a tattoos 01 a higher return. Our
manlclpalltl
seri-
Use belief that with reasonable care however, should seri-
aad judgment In measuring our con- wilily consideerr whether, during period*
mttraenta there will be a continuance should not largely recreant In
of prosperous conditions for the mo- the days of Western expansion in the
Ing year. We must of course reckon United States 25 and 30 mills on a
with the adverse alrcumatances pre- fairly high valuation of property were
veiling abroad, for la conducting s not uncommon rates. Again. should
world -meld* hiatuses we are sensitive we not pay for local Improvements in
te these Infloospa We are hopeful a far shorter time than we do? The
that with the settlament of present western cities of the United States
difficulties In Lorene and the return make their local Improvements by the
at trade to normal channels, any mfr- issue of short term securities, the aver-
Probension for the immediate future age life of which Is usually not more
will be dispelled. We ah likely to than five years. Such securities of-
eapetlence on the part of Investors a ten carry .lx per cent. Interest and do
very decided reluctance to pay fancy not appeal to the same class of ls-
prlcss when we Doe to dispose of the vector as do Tong -term municipal de -
securities now awaiting a favorable bentures. We can easily see the bad
market, and we should be prepared effect on the credit of our muntclpall-
ter ► 1•.valt5atlow which will probably ties of adding the heavy cost of local
Mean a higher yield for tko par- improvements, spread over long tern*,
to the ordinary general debt. Such a
system as that followed In the United
States would probably not find favor
with the sub -division promoter be-
calm* It would be a powerful check on
all speculative awl estate schemes. At
least a year ago it became generally
known that there were many Cana-
dian securities in existence which had
not beep absorbed by the Investor and
that real estate speculation was pro-
ceeding at too rapid a pace. Undoubt-
edly the knowledge of these facts has
exercised some restraint upon our
people. Transactions In Inside elty
properties have probably been larger
than ever, but the sub -division pro-
moter has not prospered. Direct In-
vestments of British capital In agricul-
tural lands to be remold have been
made In both the east and the west on
a large scale.
In common with the rest of the world
we ars living in a Um* of high prices,
and the Incidence of these prices nn
those who have fixed incomes or sarn-
Ings is so hesvy as to constitute the
1Reatest economic difficulty we here
to face 1 shall not attempt to deal
fully with a suhject which is being
studied by Governest semmlaslesa Is
many leading countries end which
will, let us hops. be referred to an In-
ternstlonal commission. Therm ■re
some forms wild' greet the general
tread of prices, others wh4rh may
eau.. any particular oommndlty to go
above or below the ilno of the sen-
ora! trend, and wawa others which are
Io..1 and modem Mei apparent ante
manes as hither pilees for foodstuffs
la cltles soarer seeress et cheap pre -
dad von se compared with mon O-
mens control; a
of r.wsmptlea with-
out, tborol.re, akeeeseMg tbe offset of .b
an selargsd and ayN e.y ef
go tot esermmae Masa. or *Wit
anode excise' thereby. sad the
• away fieri Mem esarlag a
senwl ��►�ewr��rd trend of Mean, we
may bey eeaaldar seem Meal
..nags wYeb pat tot perm re fn. -
eat O is w r a�l Met ..rtial Meader ISIS-
=
��sMo Mist mem* ib(3
r . high prim
K Saw/ r lbs esS*lsn of ear
reads. small be .{ear tha
e'�Mtdlr� •rmar . t. travel tea sr
It
�IIII !W lie M • fly► /3 PIS M3
•
THE 8IUNAL i><ODERICA• ONTARIO
i Mid la tan years. Meetly this is pro -
putt enal.ly the largest Immigration
diroblem ever handled `y any country.
1a order to hewn. settle, and arruotc
transportation for bees people, we
must borrow very largely. sad as long
as each streams of newcomers con -
tow. we are likely to De borrowers on
a large acetic at )east for many de-
cades to cons*. is the exceu of Im-
porta over exports and in the volume
of our securities sold abroad In or-
der to wttl• that difference, one can
clearly vee the strain put upon Can.
ada by this enormous riot -emotion of new
people. The total of our foreign trade
hr the fiscal year ending March. 1312.
was 8174.633,000. Our Reports were
3630221.000. and our exports 4311.317.-
400. the balance against us being
8243,113.011, and the figures for the
halt year ending September, 1013,
. bow imports on an even larger sale.
The Imports of Iron and steel in vari-
ous forms from raw material to high-
ly complicated manufactures amount
In value to 316.011,000. Almost all
those articles are ■Iready being made
la Canada. but not In .uffldant quan-
tities, Or not of high enough quality,
to satisfy our requirements. It 1. to
the last degree desirable that such ar-
ticles should be made at home. and
to tbe extent of. say. 310,040,000 or
140,011,011, they clearly should be.
With tee exception of motor cars and
1•.•tta to the extent of $7.317,000, and
a few other Items, the whole of this
.mount may be safely attributed to
tbe erection of new structures or the
opening up of new farm lands. It Is
this large difference between our ex-
ports and Imports which causes us to
✓ ind so many securities to the London
market, and It It were true that we
are offering Ino many securities it
would mean that we are importing
too many goods or exporting too lit-
tle, or both. Doubtless. some Cana-
dian securities are offered which,
should not have been created, and
doubtless our Imports are unwisely In-
crement to some extent by the extrav-
agance of an unusually prosperous
people. but the main cause each year
is the same. We need more than ever
new mileage of railways, vast quan-
tities of new rolling stock. warehouse,
and port facilities. municipal expendi-
tures in hundreds of new towns, and
as enlarged scale of Improvements
In all the older municipalities, the
budding of ordinary road., bridges,
etc., In many new areas to settle-
ment, the creation of plants for new
industries, and the general Increase of
existing plants throughout all Canada,
the erection of private dwellings In
greater numbers, and of more perman-
ent construction than In the past, and
many other forms of betterment which
need not be detailed. But while our
needs are mainly measured by our
immigration. we are apt to forget that
1t 1■ the Investor in our securities who
has the power to determine finally the
pace of our expansion. For every dol-
lar we wi.h to fix In permanent im-
provements somebody should have
caved a dollar. and at this extravag-
ant moment the borrowers through-
put tb• world exceed those whose sav-
ings take the form of loanable capital.
It la for tis therefore. to consider not
so much our needs as the opinion of
the Investor regarding our securities
and the condition of the world's mons.
market. If we do this wo must con-
clude to restrict our building opera
tions as much as possible for the mo-
ment, and ws must expect to pa'
a blgber rate of Interest for our re-
quirements- Men with business ex-
perience before entering upon build-
ing operations, large or small. assure
themselves that the needed moue 14
available. It la only our municipalities
and reckless promoters who Incur
large obligations beton they are sure
of the necessary Investor to the se-
curities they propose to offer. Many
of our towaa and cities who have re-
fused to consult the banks, find them-
selves embarrassed as a result, and
Improvements which maybe wise and
In i ovies the adoption of the re-
alrt, the president aid:—
President'. Address.
?be area of Canada In which be
bank Is directly Interested has become
se large that we have decided to pre -
lime( the Information collected regard-
ing Its Industrial position In a new
form. We shall hereafter, include 1n
the statement made to our. sharehold-
er*
er q ts from Ulnae seabr officers
hank who have Charge under
the general manager of the various
voolseeideal divisions et tie bank and
wbe ate better qualified than we are
tie set froth the facts regarding such
The year has boon one marked, even
le comparison with recent years of
largo 4paaat*, by • continue(' In-
crease In Immigration, In building
*Marathon .f all kinds, e.ps tally In
seasectlow with railroads, to foreign
domestic trade, le bank eposits,
hi ahlest everything censect-
ha • pre5Merlty of • semetry.
L 3a stating what is so well
Is that we may .00$lder the
ra the methods of our
our raped growth and vbs.- the method. of oar 5tpaselon
Is earthing which mode to be
wombed. Our ffsane4l regaitvmenta
*s• Misty determined by tot volume
L.....gratlem. 1l la he.sees of this
we must build so largely. and
tilde atm is Basle mem of the •z-
eatle of ems • ever 00r exports. for the agile*tar
settm•ted. was
m over the record
yeay
INS se IS per met. Tse he-
�Mte .eme to es frees forty-one
end new Melded es Mews
MUNI: Aerie.$, 111,414,
.ober maotslss. IN,440. io er-
ti0n M aisle Inland
et 4114/a Ment a W 44 halms .tom
ve
oar. we.4 , la be resides the
_M wMilled e bays smarty
PerillodWrit seertssale 111 peep's al -
4 4.Mase =sae
1f ss5- ---e to
r.v sntT, JAl/uA31T MB 7
every hear 0f delay b go we
horses and wesserg, every' imam de
mewed less Nis ab3 to assn. Orme
My lest to the tenth of the Ws 01
its bonito arid women. cones just M
much, IgcrW..s In the Deet of tea ar-
ticle ha hes 19 Nil. To the eatast
that this seedless and west a lees
might, If streets!, partly add' tO the
tanners' pre/M sad partly Meson the
cost to the inane aur, the state et our
roads Is Utile abort of a orfs. It the
Ind roads armed a city clues the
Price of food to be much blgber the
It need be, one of the results Y to
suable producers hundred! perhaps
1housaada, of mum away to ester in-
to competition with the tamer la bis
own county. because the Best is tran-
sit over one mile of bad wages road
will cover the coat over man mikes of
good railroad. This competition may
help the consumer by keeping prices
from rising still higher, but 1t will not
bring fife price below the point fixed
by the extra coat from the bad local
roads. It wW not do easy seed ton
those of us who live in well -paved
clues to blame the Lamers for bad
roads. They cannot be expected to
build good roads entirely at their own
expense, and good roads will not
come so bag as we watt for anything
as unfair as this. It L not that ws
do not know how to construct good
roads. We know fairly well what we
should do, lout we hesitate to de 1t In
the axoellent report on Highway Im-
provmens In Ontario for Bial there
1■ s sufficient abstract of the Crete=
adopted by the various countries at
of the world and by thirty-three States
In the Onkel 'litotes, of these, that In
use In the State of New York seems
to be the inoaj complete. Under this
system roads are claspltie4 as fol-
lows:
(1) State roads built at the entire
cost of the State.
(3) County roads to which the
State contributes Dae -ball the obttnty
33 per .'tot.. and the township 15 per
cent. For maintenance the State col-
lects from the tow. thins 850 per mile
per annum, the reSi"nder being contri-
buted by the State.
(2) Township roar to which tha
state contributes one-t.tird of the cost
of construction.
Can the people of Canada be media
to realize that every man, woman Mid
child suffers from the evil of bad roads
*tether they use the road. directly
or note Have we not as much intel-
ligence as the citizens of these thirty-
three neighboring States?
Another cause of high prices I. the
general inefficiency of stoat kinds of
labor. Employment la so easily ob-
tained and the worker 1s apt to be so
lacking In training for the particular
calling It falls to his lot to occupy, that
for this reason alone three men are
often needed to do the work of two.
The necessity of buying food for three
families Instead of two clearly raises
the price of food and every nonpro-
ducer of food in Canada therefore
suffers from this inefficiency of labor.
Still another evil, tending to high
prices and growing rapidly In these
extravagant times. Is' the waste in the
use of food. As seen In • modern hotel
or dining car this shooks most of us.
but In countless families the waste is
nearly as bad proportionately. If three
animals are bought where only two
are really needed, the price of meat la
raised for everybody. I roust apologise
for repeating facts which are so
palpable, but in our desire to blame
some one else for the suffering caused
by high prices, we often refuse to see
local causes which largely contribute
to 1t and which we could at least
moderate If we chose.
Ws have often spoken of the tend-
encies of modern life which Increase
the food consumers out of proportloa
to the food producers. and It is pleas-
ing to °•se• some slight evidence of a
return to the land which may help to
correct this disproportion, but while
the quantity of frult, vegetables, and
cereals grown may immediately be In-
creased so as to affect prices, the state
of the cattle industry of North Amer-
ica is so serious that some years most
pass before we may hope for a return
of normal conditions. It looks as If
the United States would soon cease toe
export beef, and ynl.sa we at ono•
change our course we may be In a
similar condition. We must Increase
the number of beef cattle, sheep, and
swine on the land very largely it our
annual consumption la to be supplied
without depleting the herds. We shall
hope the Commission regarding our
cattle ranges will produce good r..ults,
and that the assurance of high prices
for meat for some time to come may
induce mixed farming tp a degree not
yet accomplished. Bind 1003, whoe
there has been a small increase in the
number of horses in Canada, there has
bean a serious decline in the number
of milch cows. beef cattle, sheep, rad
*wine. There should have been a very
large Increase, and unless every pee.l-
ble-effort to arrest the decrease Is
made, this clap of food will grow
steadily dearer In price. The falling
off is most noticeable In Ontario, white
the only Important galas are in
Saskatchewan and Alberta.
The Clearing House statementa
again give ample evidence of our rapid
growth. The returns of twenty Clear-
ing Houses of 1011 made a total of
17.311,1101,000, while for 1012 the figures
were 80,144,232,000. a gain of 23.74 per
cent. Once more we have to record a
gain In every Clearing House is
Canada.
The building permits of the roar
chief cities were as follows:
1011 1011
Montreal ..414,680,001 313,042.011
Toronto ... 24,274,000 M,401,000
Winnipeg .. 17,6110.000 20,473,011
Vancouver.. 17,032,000 13,333.110
The motion for the adoption of tho
report was put and carried. By -lav
Increasing the number of Directors of
the Rank to twenty-two and iserea.-
Ing the amount available for MIN re-
muneration of the Board of Directors
were then passed. The usual resolu-
tions exp*wstng the thank. et the
!shareholders to the President, Vee. -
President, and f)trnctora, and also to
lb* General Menai -. Assistant Gen-
eral Manager, ane ober officers et
the Beak were un imon.ly tarried.
Upon motion the ,meting proo—AN
to elect Directors .r the coming year
and then adjourned.
The serutlao.rs suhsequently an-
nounced the following gentlemen 40
be elected so dtrectors for the coming
year:
Sir 8.4Mand Walter, C.V 0.,
13 C -L.. Hes Merge A
Jnn Rnuklw, LC., LL.D.. J. Con.
Raven* ILD., A MOW= Hew. Mr Lyman 1feNAL.l a�is1
lies W. C. ildwards, I3. A
leets. LC.. LLD.. iL B. Weed, SW
M. MamaC.M.O., LC., LLQ
_ Me
0•16 Allessmilse Leht. "M -
Som hewed, tetIvaAererr SloveniaA. C. ViemOrlllt Psalm_
LC., Cheng Otyby, ILA..
J�see P.W. Alfas, N. J. PullerP
LWaerAliWkZrime newly -2etrMd
Renew Your Subscription to the Sig. ai (e t the Year 1913.
11 ,l I UPLUGHT
New Y Committee Bothered
tion In-Ontarta
Ontar1P ' pet public O
scheme received what appeared at
a hard jolt in Albany on Wednesday'
last, swam a joint committee appolalied
by the State Legislature ventalrsl
some later...tlos regarding the Hymn
electric system. The report misted
that the Hydro -electric Power Comm!♦
Dion simply acts as middleman, that it
supplies municipalities with power be-
low Dost, and that U the gas method
were applied to It as are employed in
'business tranaactioy Of a similar aa-
ttsre It would show an gaged los at
at least 4432,170 a year.
Hoa. Adam Book when shown the
dMBatm from Alpe eharaotsrla•4
1t as `absolute rot" The' gentlemen
trio Albany made ao attempt to get
*hgmation trdm the Hydroelectric
Power Commission.
A emend report made on Thursday
it Albany by the State Otlowrvatloa
+Q '—'-a did mot agree with the
!lettlslsms made by the iota Co w nl4
tee of the Legislature. In tact It ono -
!reverted the first report in alma
=Particular. and declared that the
s�jpwas reliable sad edciant, sad
en a sound financial beide,
LIKELY TO RESUME WAR
auiepriam Delegate Given Ply Pewr
to Suit Filmes/1.
Pell power to declare the resO♦
tion of hostilities against Turkey was
telegraphed on Monday to Dr. 8.
Daaetff leader of the Bulgarian deans"
tion and his colleagues at London, by
Cho Bulgarian Premier, J. 8. G.dcbot.
wbo told them to exercise It whenever
in their opinion further peace nesptla-
Gong became useless.
The representatives of the Ball=
anise will, therefore, directly notify
General Savoff, the-3ulgartan cos
Mender -in -chief, that the armistice has
come to an end, as soon as it becomes
apparent that there is no hope of
the peace plenipotentiaries reaching a
mutually satisfactory arrangement_
Hostilities will then commence four
days afterward.
Bulgaria. Seryls., and Montenegro on
Monday presented the ultlmat'm to
Turkey, giving the Ottoman Govern-
ment fourteen days in which t0 make
a favorable reply in their demands, ac-
cording to despatches from Constanti-
nople.
GERMAN VIEWS ON NAVY
Naval Officers Bay England Lacks Fe-
1
ollltles for Building More Ships.
In a leading article In the Veoesiache
Zeitung of Berlin, entitled the "Down-
fall of Chamberlalnlsm," Vice -Admiral
Hoffman a retired naval officer, de -
Clare. that neither the people of Bri-
tain nor of the Dominions have been
persuaded of the advantages of Im-
perialism as understood by the Con-
servative party. Democratic Imperia-
lism. he says has gained the day.
Another retired naval officer, Cap-
tnM Von Kulwetter deals with British
Opperiallem In another paper. Cap-
tal Von Kulwetter arrives also at the
ep.cluslon that the Canadian and Ma-
lepen-warahipe need not have any in-
flnalhos of a disturbing nature to Ger-
1rs.s. England lacks yards to which
le lay down more ship, cannot find the
workmen to build them, and will have
dlmeulty to getting them armed in
time. One point stands out clearly,
crawly, that tho.e 3ermans bave been
proved perfectly right who anticipated
that England would tale advantage, to
the utmost of her powers, ..t the cir-
cumstance that Germany has gone
back, temporarily. to a programme of
two now warships a year.
WHITE SLAVERS FOILED
Two Young Gide Decayed to Hamilton
Have Lucky Escape.
What appears M have been as W
tempt to procure two young girls for
immoral purposes wee frustrated at
Hamilton on Wedaseday. The girls
Dame from a neatly place to sing at a
concert on a suppo.ed invitation of a
lady. They were to be met by her
and taken to her home. When they ar-
rived two men met them, stating that
they had been sent by the lady The
sires were suspicious and declined to
go with the men. A Y.W.C.A. oMcl51
made some Inquiries and advised the
gots to remain there till she got a
polleeman. It was found that no con -
tart was to be held at the plane men-
tioned, and the girls went home. The
men dlsppearod and could not be lo-
cated by the potion.
Polneare is President.
Raymond Poincare for the past
twelve months Premier of the French
Cabinet, was elected President of the
Republic of France on Friday by tee
National Assembly composed of the
members of both Chambers of Parlia-
ment. In .ucreesios to President Ar-
mand Falllere it whom seven-year
term expire. February 13.
The wtldeet confusion, out of *Mob
arose two challenges to dnels, marked
the casting of the ballots.
Gaby Again to the Fore.
After returning to New York from
a week's engagement in Toronto.
filthy iMalys the french dancer an-
n ounced on Sunday alight that she bad
been robbed of VOWS worth fo jewelry
S he saki the genie disappeared some-
where between Albany and New
Tort. She had most ef It In ■ ranple
of treats and them trunks. 1: la . ulm-
•d.
arbors found broken open in the
bilge ran 0455 arrival In New
Telt.
w Soya! Hlghaeas the flueh.ss of
tw bele rwmnvM from the
_ -
saw Mahal. Moa sad
is seer Maytag BR the 0t
Si . oo a You idl Advance.' . r gala -
aereseseereseinetreseseeeteriesesei
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1'. rhape we can do the same for you. If y .0 can think of only one good idea every week and will
writ.. It out as directed by um, and it sells for only Ir23,00•-as low figure—
. YOU WILL EARN $100.00 PIONTIILY FOR SPARE TIME WORK
FREE OUBDILLUSYRATSD,BOODK, DIIROVIN(3 P14CE0TtYFERR PLAER
YWRIT NO
Don't hesitate. Don't argue, Write NOW and learn just what this new profession may mean for
you and your future.
National Authors' Institute, 1543 Broadway, New York City
reateieWlitarieseWWWWWIM
It's a paste—
easilyapplied—and
gives a brilliant,
black polish that is
not affected by the
heat.
Do as Yon Please.
A ht, Louis doctor and prutniuent
writer on medical topics t•aya eat bard -
boiled eggs and that pie is almost a ne-
cessary of life. Some other doctor.
will tell you these things are deadly—
and whet i" one to do in the face of
sucl4wide disagreement of tbe osten-
sibly learned ?—Ex.
-Women is considered the weaker
vessel," rhe Kenzarked, "and
"Well?" be queried, as she hesitated.
"And yet," she continued, "rise is
oftener broke !"
Intelligent First "Bora—•'Hare you!
ever noticed, dada, bow often mammal
uses the expression 'And so on ! And
w on ! And ase on 7 Father—"Yes, l
try dear: but 1 am sorry to pity tbst
itdoes not apply to toy trouser but-
tons."
uoe Your "Nod" Hills by wig
Caldwell's
Molasses Meal
The quantity an animal eats counts for very little
—it's the amount it digests which tells la Ikea
and value. Caldwell's Molasses Meal low•renreed"
Bills. It takes the place of an equal quantity of
cereal—makes other "Feed" more palatable and
digestible. Molasses Meal a 84% pure Cane Mo-
lasses -16% an edible moss selected because of its
known digestible action. You might u well save
monty and increase the value of your stook by
using Caldwell's Molasses Meal. If your footman
cannot Supply you—write to us—write anyhow!
st
THE CALDWELL FEED CO., Limited, DtTl1DAgIP6»rtARIO
M
A concrete milk -house
makes milk worth more
I)EOPLE are willing to pay more
for milk that comes from a clean,
sanitary dairy. In nearly every
city such dairies charge from 50 per cent. m
100 per cern. more than others—and even then
they can't supply the demand for pure, high-
grade milk You will get more value out of
your cows if you properly ctrl and store the
milk. Such milk is not only more wholesome
—and therefore can be sold for a better price
—it is also slower to sour than milk handled by ordinary methods
•
1
Ask for the free book,
"What The Farmer Can Do With Concrete"
I1 will tell you how to build a concrete milk -house, and also describes scores of other uses
for concrete around the home and on the farmit is not a catalogue. Its 160 handsomely
illustrated pages are devoted entirely to the subject—in which every progressive farmer is
interested.
YOU do not place yourself under the slightest obligation in asking for the book. We
do not even ask that you agree to use cement Just sign the coupon attached to tilts
advertisement, or send your name and address by letter or post card, and the book will
be mailed to you at once. Address, at
Publicity Maa51.r
CANADA CEMENT COMPANY LIMITED
513 Herald Btgildi.S. Moats.!
Wattiy Mise eenwwtt, row maim
rhea the jeune.-. Cewatde Iisem
towed Nod "Conads" roomed V ease
Leek far the ictal an every bag mewed
Meal
Please!
Send Ree
your
•••