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HomeMy WebLinkAboutThe Signal, 1914-5-21, Page 3THE SIGNAL GOD ERICH ONTARIO • ' e (• r .1 . 11. rkit OIIUN„�distory of Ontario IND ONLY 1 West Shore Railway 'Mine BEWARE OF IMITA• t Full Report of the Finding of the Ontario Railway and; Municipal Board Moyes Showed His Rascally Cunning Throughout the Whole Transaction i''or the beueHt of our readers TIONS throughout the district traversed by the 111 fated Ontario Wert Shote iail- OLD il- OLD ON way we publish this week the first in - THE stalment of the report of tbe 9ndiug of the Ontario Railway and Municipal MERITS OP board. Owing to the prolixity of the npqrt we are unable to give it in full thiebeek but will continue it fr /IND'S week to week unit! completed. The I,�11 report follows :- This is an apnlicetiun by tbe ;slave NT four uwoicipel corporations under Election l0 of the Board's act as amended in 1912, to investigates!! the affairs and transections of the res- pondent from it, inception. and as- certain 'what hits become of certain MAGAZINES, moneys guaranteed by tbe applicants and otherwise provided for the con PERIODICALS and struction and equipment of the ter 1 pondent's railway, and generallyt LIBRARIES snake a full and complete examination hotrod or repaired. lot the &Heirs cf the tesw•ndent. end l.the reason for the failure un lbs res leol.lt LETTERING poodent's ;part to carry out cerlaib- on LEATHER GOODS • statutes, ,Igrerturnt, and bylaws rr- terred to iu fuller dttail heresftet. STH 81aMA7_ en leaving (ender the name of ' The Huron, NAL Goderich. Brice A (irry Electric Railway l'om- A. E. TAYLOR. STRATFORD. pant," the respondent was incor$ora- 1 ted hy Chapter is of the Ontario eta - tutee of 111113. with power to construct I and oper.ue All electric railway from the town of 1ir.detir.h boutlserly, H. W. F. ()ALLOW, M. B. northerly and eeeteily a, particularly tare awl ,..ldeoos.!eerj�� stlt'Mrt. (9ed,ricI. ret forth in thit act. By Chapter 9M mainofCoveyIteekerl TeMphovelxl. ,of the Ontario statutes of 1101( the eorpnate name of the cowpony w., K. GEO. HKILEMANN, Os FE- I changed, end declared tube ••The On - peen. rptiatlet la do u • dtasmas•. novo, to•sased .aand i -chit- Ittu •hroniep41.- Wert Shore electric Railway ,,, ,. eye. ear new sad tarsal, leshrao nal Company,' and additional powers ntwineeordltloaa Mies North woof .third ' were conferred 011 the pane. By 'or from the eneese•ad'sls\` Chapter Il:t •.f the Ontario statute, of It R. P. J. R. Y'ORBTER-EYE. EAR, Wei the term, for the cowwencement mall abs threat oat". House .uraoon, and cnmpleliuo of the line were ex- ra York Upbtkat>•to .sd Aura! Ioetusu, tended, and all the pros -lemur of the iuoc.l.trl.L,iar. No.sasdlhrnrtHo.pltal, l Ont./trio rail- wee,- Nous, Railway Art applicable trail - wee, -Nous, mud liesreMld Lye Ho.pital, p"eso"s }-atlasd (1Mse. ssawatrbo,iu•st, wire opwrated toy electricity wee de - Stratford. opew its Saes Chsrch. Hour. e. Glared to apply to the cutupar.v and I .. iu- Y W 4 p. fa. ! fes p. d Telephone the railway to be constructed. By LINII1E BOOKBINDING MEDICAL C'hepter 1:1) of the (entatin statute. of 11'.11. ANTI MINNII( M. OREER, Hike the haute of the company was U. Co=lors. spine and owes rhamged to •The Ontario \Vest Shore .se-,.Itsta t•.'aYMteetic I• the .cienc. out i Railway Company.- By there- acts . e- without drawler knife. Fre,. assisting- the onto shale capital was flied f boasSR , uses nest Canadian Hank ref.:..our I et $,iilI,lPMJ in SINN) harts of II11N) each. and it was Authorized to. issue bonds LEGAL I to the extent of 1315.0(11) per mile for --- every wile of single trick of the rail- PROCDFOIYT, HAYS a KILLOR. !wear. which, upon the mileage of the .tN, barristers, .obctters. eateries DubUe, . section 111.111 Grale rich to Kincardine, Touton in the Marlton* Court, etc. 1 rivaw i it wax ii -enamel would authorize the food• to I.od at lowest rates of iuters.t. • t iaxiir of 4.11041.111) o,n hoods.. ecce, )& Ade Seems. W. P rruCUPoOT K. G. R. l: HAYC. J. L , By certain bylaws sad agreements I.ICUIRA \. ty.l•Rut DFtNYr.Jr. forming schedules A. H. C. and D., DISi, OAMERON, H. C., flARR18- re„perticrly, of Chapter 130 of the On - . Til(swlkrur. notary paClic• 'venow— I tomo statutes of I91w., the applicant. u.0 o :tsasweat. Y0Aarleb. tktrd don: Ere u II severally agreed do guarantee ()lel 'rare. `Ix,utlsofthet1,1101dent: the town of f.odrt•ich in Me um of 4191.1111), the 4 HARLES ()ARROW, LLB., BAR- I town of Kincardine in the sum of i '' , }tesTed attorney. rolldtar. etc., Gate, $511,111,, the township of Ashfield in 1 lions" 1.. loud a loweet rate.. the sum of •1'2S Baal and the township , of !Ireton in thr :usu of $75,1111111: In all the sum of eltrl..111. In consideration 1 01 these guaraoteee the company! 11110MAtJ' OUNDRY" hound -itself t/ commence and cum, ACCTIONLLR •1 plete the construction et the railway Hex .c:. Gods/tat.All lastractioo* hs tuaal taxon li'drrich to Kincardine. la ten at 10110 1 oleos will tri prom:•Ui .t schedule •'A" to Chapter laitof the On- vpdid to. i:e.tdewo takpbune I11 'ario statutes of 1900 there is set out I the decd 01 trust Anti mortgage exe- cntetl pursuant to the provision+ of the Municipal bylaws authorizing the! geY,atntet,, hy which the Tot•oitet i General 1'ruets Compotation was ap- pointed truster. The deed of trust, . following the terms. of the guarantee- ingby!aw).'irutitled that the bunds ro guaranteed +htiuld be placed in the poses+ion of the Duette- to be certi- fled, and that the bonds or the moneys arising 11'111 their rale or pledge .Moult toe deposited with or paid to . ing, and so la October. 1912. they re- tained Mr. H. W. Middkmist, C.K.. to investigate and report upon the condition of the railway. This he did in Joineries, 1013, and his report forms Exhibit No. 9 of these proceedings, 11r. MIJdlemlst estimates the value of the work and materials already done and furnished, including five per :eat for engineering expenses, an 15 per cent for profit, ' at 83116,200,75. As - sunning Mr. Middlemlat's estimate of the -services end materials' done and furnished to he correct. there should have been paid out c.f tbe avails of the guarantrjled bonds in the hands of the Torontto General Trusts Corporation, tw•u-tbirda of ninety per cent of this amount. namely $IK1,12).{43. Aa a fact there had been paid out S3(t1,t709,- 91 or an over -payment of 3le0,8l9.48, Upon these factspeering the guar- anteeing tnunicipa sties applied for en investigation of the company's trans- action", with a view to diseoverittg why the express terms of their con- tract as gustentors had been se gross- ly violated. The board issue.) An appointment to enter upon the enquiry, retnrneble on the dtkb of May. 1913, but learning that. John W. Moyes, whoas presi- dent. had been moat active in the r.aupany's altairs, wax absent front Canada. and that without his testi- mony little progress could be made, the appointment was enlarged sine die. Another appoin:utent was taken out returnable un the 12th of Sep- tember, 1913, and on its return the general course of procedure to be fol- lowed was decided on. Sittings of the board for the taking of evidence were held in the year 191:1 on the letb of September, :loth of October, 3uth and 21st of Novemher, and in the year 1914 on the Lith, 7th, 19th end 21st of Janus: y and the 7th, sth. Mb and 21st of April and on the list of flay. A number of witnesses were examined, including representatives of the To- ronto General Trusts Corporation. and ot the Dominion and Stealing banks, aa well as John W. \loyre, the presi- dent; Hugh J. A. MacEwen, the sec- , retary. and Vaughan M. Roberts, the • engineer of the railway company. The relevant sheets of the ledger ar- counts of the several banks in which the cuwpany's financial business has neeo trensecteJ were produced by the officials having custody r.f them. j These, with the testimony of the ail- . cert of the trust parry, showed that the guarantees) bonds had been *old, the proceeds deposited wit h the trustee, and by the letter paid over to 1 Moyes representing the railway com- pany. But teethe, the bank book.,. nor the testimony of the trustee's of-- fleers disclosed the ultimate destin ation of these mor.eys after being re- ceived by the railway company. Ob- viously tor an elucidation of this, re - A U INSURANCE.--Li s, 0,000PRIVAT()TE FUNDS lose. Ap by te IL G. l: AJd- alW'. u..rrister Hudlton street. Ooderich. WR. ROBERTSON. W. 11 INtiURANCL AbENT. 0teo ..o l.searsiss: British,C.uad:,u and American '.sNT, DICaav AND Lrrlr0TAIW Lr,pnm: 'I be ocean Accident sine Guarantee ., wraUa., Limited. of Loudon. Eta. the 1111.1,','. The tenni. ..1 payment nT avouiAwKT*. )iu. The C.e. over by the trustee to the railway. ctimp.Iny- conteine l lr the deed of Lewd wet" smelt lied by Mr. Justice Middleton on an ?application by the trustee to w•hi; h the interested muni- cipalities sired the cumpanwere parte-, lie•,. That h-ai tied judge declared that upon receiving from time 1.. tisutpe progress certificate, by the chief en- gineer of the se.pemdent cettiflying t' �9,,"� ninety per cent of the value• of the Ikechwoeit ; Robert Ferris, rJmrlook ; Malcolm services arid materials done or sup- aeces• nrtuoeset/• plied in the com.trie tion of the rail- way to the date et such certifl-atesi the trustee's duty was in every such cans to pay to the respondent out of the moneys in it. fund,. swing the-' proceeds of the guaranteed bonds,I two-tbini-nf the ninety per cent set. ■ARRIAQL LICENSES out inJsuch_p_,rngr�ees rertiflcetee issued , xerW'a 4allae (1IMlKer :, • es - John s John W. Moyer,. the president of the railw.oy comop:ony and lh- con- 1 trolling and directing spirit .1 Ib. enterprise thruogbn•it, negotiated the( sale ret the guaranteed bond,. sod de- posited the proceeds, .mount::;rj t0' $'Ptl,Irn. w ith the :snake. Co atruc- r tion of the railway was begun I the t aU44pp11 oI lV`, acid was con' ioued 1)avea9rr 11 1 throughout the retire POI. lit' ! and iliacs 0t Marriage L.iessses cher major part 01 lull. Pr -,gess ettiflcntes for varions sums sig. ed by; le; firs PHARMAC'1 leech, I the engineer ct the railway cowpisely 0•tarn were presented to the tru.tee, and the I stipulated proportion of the ,um• 1 certified era. paid over to the cowl- •i — pang. In all 57 certifleatee were Wonted and preeentedf-tbe first dated Meth July. lien, the last 3rd October, 1911 -fur the aggregate •mount of 82[19.949,79. r p,n these certificates tbe trustees paid oYIr• to John W. Moyes, representing the railway rom- pany. two-thirds of pl per rent. mak- ing in all the sum of saft:p,t,Ml,W. This e!heuaed the ava of the guaranteed bond., except to some 1. John and a 7th `ed her. 1of John W. Moyes render th.' work of conetructinn to be stopped. The line of railway from (ioderieb to ineardlne wee far 110tn complete. This Jag" ti went on and the work of couMlustiOn we. not resume i by the company. sp eraser r sew rrner.a The holders nI the hods Arra de- • her a ys Ire. rwandiag from the gree anteeiag tsnni- �enr(a �s In- terest. e payment of the overdue by w"r r our "h teleses. d.iaolt having been made tM �wessa ens the railway 1e"O'1«i aay•wM sonpaay availed tb• is note' -.d.l it) and Guarantee Cos,paa". c +: residence. northeast corner of Vk• fit. 1/as Id . etreet.. ' rhea. 1:d. :1.LOP MUTUAL FIRE IN It A N C S C 0. -Farm and Locates ute_rty routed- • r. -J. B. McLean. Pres-. tieafor h P.u.; • mmol.", Yin. -Pres., Goderfch P. 11.; IN...., 1. hayo, neo.?rona., 8eafor h 1'. 0. Ihn.•tor,-U. F. McGregor, risaforth : John 0.6 • m ye. at Wilton; Wilson, Rind. ('on -canoe; J+bo, I$etnrweM, Heodh.Ren • Jame. art., tl .1 iuc k w'llltam (homey, Rearor,0; F� kut:uY. z'eetoith. PoneiMl/ers can pay we...menta mad get teen oards rueMptea at H. J. ltarrt.h'r Clothing tltera.CitnMs, rat R. H. t utter Grocery. ataeeetee arrow, oseerloh. WALTER E. KELLY, J. P.. GODLRICH, ONT. 1•'-', 9:R OF /CARMIAOL WC:L\+F., E. R, WIOLE 1 8 / COUGH TWO. YEARS OLD Yields to Vinol. Read Why. Strong vigorous men and women hardly ever catch cold; It's only when the system 1s run down and vitality low that colds and coughs get a foot - bold. Now Isn't it reasonable that the right -way to cure a cough is to bulld up your run down condition again? Mrs. D. A. McGee of Waycross*, Ga., says: "1 had a chronic cold and cough which kept me awake nights for two year. and I felt tired all the time. Vinol cured my cough and I feel stronger In every way." The reason Vinod la so emlcactous 1n such cases 1s because It contains In a delicious concentrated form all thea medicinal curative elements of cod liver oil, with tonic, blood build- ing iron added. Chronic coughs and colds yield to Vinod 1 ecause it builds up the weak- ened, rundown system. You can get your money back any Male 1! Vinod does not do all we say, H.1'. Donlon. Druggist. t:ooderieh.Ont. MacEwan's C L Best Scranton Hard Coal—all sizes, Cannel Coal for open grates --the highest quality of Coal that an be bought fr the purpose. Empire Dome s t i c Lump Coal — most satisfactory Soft Coal for ranges, box stove:: and fireplaces. Standard Chestnut and Furnace Coke. All kinds of Hard- wood and Kindling. Peter MacEwan Estate T•lseione 'mune must be bad to the books, ',crochets and other documentary re- words of the •loopeny. Both Mr, Mao- Ewss, the secretary, and Mr. Roberts, the en Beer of the company, declared that all the boots and papers of t►s company, that at any time had been In their possession, bad been delivered by them to tiles president, John W. oyss. To Moyes, accordingly, whose attendance for examinatoo had been procured with some difficult and after a long delay, the (ward looked for discovery of the facts. In this, however, the board was disappointed. While bis memory refused to recall with accuracyIndividual transactions recorded in te bank ledger", even the application of a cheque for so large an amount as 415,000, the totally unex- pected and diseoocertlog turn which his testimony took when asked to pro- duce the company's hooka and papers, promised to land the investigation in an impasse from which three seemed no escape. k few extracts hour the notes of evidence will test illustrate this, and shoe the unsatisfactory character of Moyes testimony, which throughout was cbarrcterized hy shif- ty evasion, and es ruheequent develop- ments proved, by bull reiterated false- hood. tluestiooeed by Mr i'roudfoot, the folluwing answers were elicited (tow Mr. Moyes: I believe you were president of the Ontario West Shore Railway Com- pany i war. Io you still occupy that position ? No. \Vhn is president now ? 1catinge. pay. Wben did you cease to 1* president? i ceaaed to be president well on to a year ago. At a meeting of the company Yes. 1 areigned my position at that time. Did you resign at a meeting? 1 presented toy re.ignatrun at a westing of the pany. Where was the meeting held? In Mt. Smoke's otll'r, That teas the late Mr. Smoke:- Yee. moke}Yes. Who Was appointed in poor piece ? No nae at that meeting, std 1 have attended no meeting. ,ince. Mr. Smoke we. solicitor for the company? He was vice -president of the com- pany. And his firm were the solicitors for the company :' , His firm were solicitors for thecom- pany-. Was your resignatidn accepted i Yes. Who was present at the areetiug ? Mr. Smoke and myself. J u.t the two of you ? Yes, Did you still remain a director? No, 1 resigned absolutely. 1 wnukllike you to tell me where the minute book of the Ontario Went Shore Railway Company is: 1 cannot tell you. Where are the other pnpet•s belong- ing to the company ? I handed .11 the teller papers over. To whout? I sent, rheni over to the vice-presi- dent's oilier. What books did cosi seed over to the vice-president? There were the books of the com- pany itself -business looks: they were nut large : they caete thin, show- ing the various recollections of the company itself. and there were the papers and things incidental to the operations and business of the couu- pany• Do you mean to *ay that every scrap of paper or hook that you had belong- ing to the company- mss handed to Mr. Smoke? Yrs, they were sent over. Can you tell we when these papers were rent to Mr. Smnk- They were sent over very shortly after I tendered 'sty resignation, and severed my cut:nection. Did you actually "enol thou titre' yourself ? Yes. Moyes story under oath was that he had resigned the presidency of the c nnpany gloat a year before. and shortly afterward+ had handed over alt the company s rook.: and paper. to 'Ir. Smoke: the vice-president, Mr. Smoke was then dead. heaving died un the _1.t of May. 1913. A welch amongst the tatter's effects 11 his bolsterer partners, and by his executor tatted to disclose ,toy of the company's looks and papers beyond the minutes of meetings of shareholders and du ee- tnrs. These latter which covered only a few smooth, of the year bee were eoneey;,ned only with the formal legal nrganizstion of the company. Of the hooks and papers w hich ,ecoided and evidenced the transactions of the pony, which retreated ours several years, and involved the disbursement of upwards of $1111,,111), no trace was to be found. The hoard's enquiry hes been piloted into this cul-de-sac byy-- Mayes, and there no doubt be intend- ed it should end. And yet as &fter- warl. appeared, thea story so swesawww ly afftrosSilari8 reaffirmed 'hy Mnyrs, was en infamous fahrication, head men tell no talcs : and appreciating this, with shameless cynicism and cal- nulating running, Moyes sought to un- load upon the dead vice-preeidcnt, Mr. smoke, the vanished hooks and papers, with all :he odium attaching to their d iaa ppearance• About the middle of January- last Ow board learned that a trunk and parcel of papers. probably rteIevant to this 'inquiry, had came into Inc hands of the city police. Their capture war in virtue of the execution of a search warrant hewed at the instance of John W. MoyM against one William M. Beater, residing at JOl Beverley street, Toronto, in whose possession on these premises they were band. An inspec- tion ehowed that (bey rnntained the long *ought books end ,papers, and they were et once turned over to the board, and Mr. A. C. Neff, a chartered accountant., was appointed to examine and report upon them. This Mr. Neff has done In s thornngb and exhawtive manner, and his report, afterwards confirmed and amplified by bis sworn testimony, is in the hands of the par- ties to this application. Mr. Nefrs labors were made more difficult by the rendition of slain which a litoit- m7 eltalstion disclosed. He found that no systematic record of the onlybooksair at nt bt`M .onli Gad wee a cash honk endmidi . ti boss m - t ttr ;�:.....t. 1,.a elilyiiww.t�M tit. ttsswwitiM` 1 Tsinsteoee, MAY yl„ lel( 3 ersiseammewswinnewessm rlccalt's Patterns' D.MILLARuSON 110 i SPECIAL SHOWING OF Perrin Gloves Children's Wear Our Children's Department is no side line with us. It receives our special attention, which is much appreciated by the larger business being done each season. Children's tlezdwear Infants' lieadwear Infants' Embroidered Muslin Bonnets and Hats from each. 25c Infants' Embroidered Silk Bonnets and Hats from each..... 50c Children's Summer Hats from each $1,25 to $3.50 Children's Straw Bonnets and bats from each4 , SOC Smart styles in Pique Wash Hats from each 35c Children's Wash Dresses A very large stock of children's ani misses' %%rash Dress in the seasons new- est styles to sui; all ages up to 18 years, in white and colors, 11 most moderate prices. Children's Mercerised Linen Coats Children's smart Mercerised Linn Coats in tan and saxe blue to fit ages two to six years. From each $2.50 Buy Your Children's Hose at the Scotch Store To get the best that is to be had in Children's Hose is to buy them at our store. Buster Brown's Sister's Hose for girls' wear is an exceptionally hose and look like silk, in colors of white, sky, pink, tan and black, Misses' Princess Rib Hose in black, white and,tan, per pair Misses' Silk Ribbed Hose, black and white, per pair Buster Brown Stockings for boys' hard wear, all sizes, per pair good wearing per pair 25c 25C 50c 2 Special Line in eoin spot curtain muslin", ex- - 1i Special values in deli Matting, rod Rugs. Jap Matting', twat quality, 121c. 15c.:3)c. 25c to 30c per Era good quality. :int inches wkle, ISc per yard. yard, Jap Mat, and Rugs. all sizer. r•The Store That is All a Store Should Be" :Nat 56 Mill — - ar's Scotch Store %,..........„ 'Moe 56 when it is borne in mind that during the years 19119 and 1910 nod a part of the year 1911, the major part of the work of construction was carried on hy the company, and the cash die. hurse'uenta had amounted to 11357, - Wet Yet during this period of near- ly three years nut a single entry was made in the hooks of the company to [show what was being don. ,with this Iar'ge sum of money. Mr. Neff c diffi- culties were further increased by the confusion mod uncertainty ariain g (ruin the fact that Moyes had opened eight several hank accounts- -, at Tor- onto and others at Goderich-no less than tive being in his own name -to each of which some part of the ,ail - way company's money was traced. (Continued next week). •--South ilruer hes now only 14 li- censes instead o; Ft ere fotanerly. -The citizen, of Port Elgin have decided that cows shall no, pared.. their lereets. Is Your Stomach `W-t°o,tg Sooner or later you will be wrong in every organ of your body. It is swell known fact thatover95'k of all sicknesses are caused by ailment,[ of the digestive organs. If you have the aligheet suspicion that your stomach requires treatment. don't delay a moment. Little ills soon grow into serious 816 DR. PIERCE'S Golden Medical Discovery soon rights the wrong. It help. the stomach digest the food and manu- facture nourishing blood. It has a tonic effect and soon enables the stomach and heart to perform their functions in a natural, healthy manner, without any outside aid. As Dr. Pierce's Golden Medical Discovery contains neither alcohol nor narcotics there is no reaction. For over forty years it has stood the test of both use end abase and is today the greatest remedy of its kind in the world. Begin now. Take it home today. Sold by Medicine I).alers in liquid or tablet form. or send 50c to Dr. Pierce's Invalids Hotel, Buffalo, N. Y., for a trial box. Foe ate yea ens. get the Commie seams Medical Adviser. lege pages - cloth hews/ - to pay cent el eeallI.g. Write 5r. IL V. Pierce, berfale, w, Y- ,:,;.. -- This Sweet Golden Juice o \\'• Yv. .art• i Is Nature's Finest Tonic the ;ince fromp"SUNVelST Oranges.- And rangeAnd Sunkist Oranges never were better than now— never so heavy with juice, never sweeter or more luscious. Highly flavored, tender - meated — oranges probably will never grow any finer. Sunkist are tree -ripened, glove -picked, tissue -wrapped, and shipped right from the tree — std are always fresh. What other fruit is so good and goofs for yotl? All dealers now have them. and prices are low. .res SUNKIST Oranges 1 Beautiful era Silver is obtainable in exchange, for the wrappers from Sun ist Oranges. Write for our 40 -page Recipe Book showinip; 110 ways of using Sunkist Oranges. We'll aen(1 ottr Premium Book, too, showing what you can got for wrappers and tellinpp; I; r � fee see: ete bow to go about it. California Fruit Growers Exchange idle Chaff 3t., East, Gr. amercb Target., Oat. 1