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HomeMy WebLinkAboutThe Wingham Advance-Times, 1964-07-02, Page 15STEADY AS A ROCK The Encyclopedia America - na points out that, particularly in humid tropical areas, ageo- logical formation which looks like a rock and which once may have been a rock, is not really a • n a rock at all, Chemicals con- tained in circulating ground wa, ter or infiltrating rain water, In concert with temperature changes, can cause rocks to de- teriorate until they become as weak and compressible as soil, This condition of weather -erod- ed rock may extend to depthsof many hundreds of feet, with the result that a rock -like forma- tion has lost its foundation strength and the greater partof its rigidity. New issu. $'1,500,000 Security Capital Corporation Limited (Incorporated under the Laws of the Province of Ontario) 6i/pejo Sinking Fund Secured Notes, Series 1 (to be accompanied by Class "Br Share Purchase Warrants) Dated June 22, 1964 to Mature June 15, 1979 plass "13" Share Purchase Warrants, the right to purchase 30 Class B shares aceom.• panying each $1,000 principal amount of Series I Notes as follows: $6.75 per share if purchased at any time prior to the close of business on July 31, 1966, but if purchased prior to the close of business on March 31, 1965, the related Series I Note to which the Warrant is attached must be presented (unless previously redeemed); $9.00 per share if purchased after July 31, 1966, but prior to the close of business on July 31, 1968; and $11,50 per share if purchased after July 31, 1968, but prior to the close of business on July 31, 1970. Sinking Fund The Company to covenant to establish a sinking fund to retire not less than $1,050,000 principal amount (being 705) of the Series I Notes prior to maturity by payments to the Trustee of sums sufficient to enable the Trustee to purchase or redeem $75,000 principal amount of such Series I Notes in each of the years 1965 to 1978 inclusive. TRUSTEE: NATIONAL TRUST COMPANY, LIMITED PRICE: 5100.00 and accrued interest to yield 61/2% We, as principals, offer these Series I Notes and Class 13 Share Purchase Warrants, Series 1, subject to prior sale and change in price if, as and when issued by the Company and accepted by us, subject to the approval of all legal matters on our behalf and on behalf of the Company by Messrs. Lash, Lash & Pringle, Toronto. These securities are expected to be available for slelivery on or about June 22nd, 1964. Doherty Roadhouse & McCuaig Bros. 267 9th Street East Owen Sound, Ontario Members of: Investment Dealers Association - Principal Canadian Exchanges IF YOU WOULD LIKE TO RECEIVE "OUTLOOK," OUR WEEKLY INVESTMENT LETTER, JUST PHONE OR WRITE YOUR NEAREST DOHERTY ROADHOUSE BRANCH OFFICE. Rens Unique For hundreds of years man has been improving his method of transportation. Today the jet moves us from city to city in a few hours. With all this empha- sis on speed and supersonic flight, it hardly seems possible for anyone to reverse the trend, go back to the past, and come up with a successful business, Eighteen -year-old Richard Guthrie has done it. He is the owner and operator of his own business which he calls "Rich- ard's Rickshas," in Phoenix, Arizona. He got the idea ane clay when he was shopping with his mother, "Go get the car and bring it around to the main en- trance. My feet are so tired 1 can't walk another step," Mrs. Guthrie said. Dick noticed the other shoppers; many of them were waiting by the doo• while hubby or son went after the car, "I wonder why the store doesn't have some kind of trans- portation to the cars," he re- marked to his mother. This "wonder why" kept turning over and over in his mind. Could he come up with some kind of conveyance that would be practical? And if he did, would the public ae:cept it? It would be worth loot<ing into. The next morning he went to the library and studied modes of transportation. The must logical answer to his research was the jinrikisha — the "taxi- cab" of China and Japan. Jin- rikisha is a Japanese word which means "man -powered cart." It was invented b} an American Baptist minister named Jonathan Goble, end has proved a popular and depend- able taxicab in the cities of the Orient. The article said many of the jinrikishas used in the Orient were made in New Jer- sey. That seemed too good to Ike Always Says What �Ie Thinks Wingham Advance-Tirues, Thursday, July 2, 1964 - Page ? 'Taxi' S€.rvice be true, .perhaps he could buy one ready-made. He tried several times to contact the manufacturer listed, but received no answers to his letters. Apparently it was too. good to be true. By this time he was so fired up with the idea he was determined to try and make one, Dick talked his father into helping him. They drew their own plans. What they couldn't make themselves, they had made, One company helped with the basic aluminum body. Another upholstered the seat and built a miniature canvas top -- designed to operate just like a convertible car top, They couldn't get a big oriental -type wheel so they used heavy duty bike wheels with motorbike tires. The wheels are ball- bearing and roll very easily. Dick painted it bright yellow and designed a big green dra- gon on the back with fluores- cent tape. This shines in the dark, providing advertising for the rides, as well as a good safety feature. Now he had his "ricksha" would it he accepted? He de- cided to think big. Ile called on the largest shopping centre in the Phoenix area, At first the manager thought he wanted to introduce valet service -- where the attendant gets the customer's car and brings it to the door. Dick outlined his idea for the "ricksha" service. All he wanted was a franchise to operate in the shopping cen- tre. He would succeed or fail on the tips from the customers. He was given his franchise and permission to set up the taxi stand at the main entrance. He was an immediate suc- cess with the children. Natural- ly they wanted to ride to the car in the colorful "ricksha", The adults were a little slower Some people hesitate to say what they really believe. But not Bill Smiley. He's not one to think one thing, say another. That's why you can count on his column, every week in this newspaper, to take a stand that's either opinionated, controversial or even irreverent—but always original. Bill Smiley is Canada's most widely syndicated newspaper columnist. He's 44, has a wife, two children, and a mortgage. He once published a weekly newspaper, but is now a high school teacher ---which he compares to work- ing in a steel mill. If you appreciate candid commentary on things Canadian, stirred with a dash of humor, a good measure of healthy scepticism and a perceptive understanding of your fellow man, you probably already read Bill Smiley's column. If you don't, you should. Look for it every week in bt ttbauctizZinve warming up to the idea. M first they walked alongside while the children rode, but gradually they started riding too. Although Dick is a slender 136 -pounder, he can pull four adults without effort. He has hauled as many as eight foot- ball players at one time. Everything he earned from his taxi service went right back into the business to pay for a new "ricksha," He built the second one and extended his operation to another shopping centre. This one he rented to a friend for a flat fee. Where is it going to go from here? He just sold a "ricksha" to a shopping centre in Texas, He has several more centres "thinking it over' The future for "Richard's Rickshas" looks very promising. His father is looking around for an empty building where they can expand production. Dick wants to be a teacher. He plans to use the money he makes to pay his way to Brig- ham Young University at Provo, Utah. He will probably be the only freshman there literally pulling his way through college. —By Jean Woodward in the Christian Science Monitor. HE GOT THEM ALL "I am not really to blame, your worship, I was foodless, friendless and homeless," pleaded the burglar in the dock. "My man," replied the ma- gistrate, "you move me deep- ly. Food, shelter and coin- panions shall be yours for the next nine months." Rules for Night Driving Traffic deaths are occur- ring at rhe average rate offline per day in Canada. Someone is injured every five minutes. The annual toll in property da- mage each year reaches ahigh er level. Many automobile acci- dents occur at night and on the long week -end trips. With rhe peak driving season at hand, the All Canada Insurance Fed enation, representing more than 220 competing Canadian fire, automobile and casualty insurance firms, recommends these rules for night driving. Do not drive when over- tired. stop for coffee or a short nap. Do not rely on "wake up" pills. Their effects are some- times unsafe. In general drive slower than you would during the day- time when visibility is goad. Keep a speceil watch tsar pedestrians in dark clothing. Always dim your lights when following another car or approaching other cars. Keep well to your own ede of the road. Approaching dr - vers use your lights to help as certain their own position Pull well oft the highway it you must stop for repairs or other reasons. Always carry a flashlight or flares for use in emergence: Pump your brakes several times to give a good warning when you are about to stop. Signal all turns. Danger --Aerosol Cans Aerosol cans will explode with violent torce when subject- ed to heat, warns the Ontario Safety League. They should never be placed near heat sources nor thrown onto rubbish fires or into incinerators. The League cithF fromFa- mily Safety Magazine, two ac- cidents resulting from ignorance of this fact. One woman had her jugular vein slashed by a flying piece of metal from an aerosol can she had just thrown into a trash fire, killing her. A boy in Ohio, decorating the Christmas tree, set a pressuriz- ed can of 'snow' on a stove. It exploded, sending fragments into his right eye, necessitating its removal, These cans are becoming more and more plentiful on the market, so their care!ul use and disposal away from beat also becomes more imp"'rrant, in order to avoid this sort et violent accident, W. R. HAMILTON OPTOMETRIST Josephine Street WINGHAM FOR APPOINTMENT Phone 357-1361 Business and Professional Directory AMBULANCE Service CALL — S. J. WALKER PHONE Day - Night 357-1430 Frederick F. Homuth Phm.B., R.O. Carol E. Homuth, RO Mrs. Viola H. Homuth, RO OPTOMETRISTS Phone 118 HARRISTON - ONTARIO BUTLER, DOOLEY, CLARKE &STARKE Chartered Accountants Trustee In Bankruptcy Licensed Municipal Auditor trod Floor, PUC Building Cor. Josephine St Jodixe Sta- WINGHAM, Dial 357-1561 k K. McTAVISH BARRISTERS SOLICIro and NOTARY PUBLIC Teeswater - Ontario Tel. 392-6373, Tee,water Wroxeter—Every Wednesday afternoon, 2-4 p.m., or by appointment Pearson, Edwards & co. Chartered Accountants P, R. PEARSON Trustee in Bankruptcy 306 JOSEPBCINE STREET WINGHAM - Tel. 357-2891 Gaviller, McIntosh & Ward Chartered Accountants Resident Partner J. E. Kennedy, C.A. Opposite Post Office Dial 881-3471 - Walkerton SRA FORD & HETHERINGTON Barristers, Solicitors, Etc. Wingham - Dial 357.3630 J. H. CRAWFORD, Q.C. R. S. RETI EfRINGTON Q.C. ,t J. T. GOODAI '1 BARRISTER, SOLICIT )11 NOTARY, Etc. Office--llleycr Bt&., Mutants DIAL 357-1990 P H A I: AND ACHESON CHARTERED ACCOUNTANTS MUNICIPAL. AUDITORS BOX 663 KINCARDINE PHONE 55