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HomeMy WebLinkAboutExeter Advocate, 1912-5-23, Page 2MAKING SAFE INVESTMENTS UNWI,SDOWtOP BUYING CERTAIN SHARES ON PRESENT MARKET. Several instances of Where the Investor Should Leave the: Field Severely Alone, and Let the. Soeculathrs Take the Chances and any 'Uttitnate Profit. The articles contributed' by "Investor" are for the sole purpose of guiding pros• pective hevestors_ and, It possible, of Rss• in; them from losing money ,.timeline Placing it in "wild -cat'" enterprises. Tho impartial and reliable eliaracter of the information ma; be relied upon, The writer of these articles ind the t+nrblishe; of this .paper have no interests to serve IP connection with this matter other than those .e: the ro„ders (I y "'tweeter -1 At the present time the Toronto and TORONTO CORR[SFCNOENCF INTERESTING •'GOSSIP FROM • THE QUEEN CITY. A Ciernyman's Mistake—The Race, ,Meeting -Premier Borden's Visit—Beattie Nasbitt's Return. (We have erraneed for a weekly' letter about Torouto affairs, which. we believe Will be of greatinterest to malty of our readers, These letters will be from the Pen of ane of Canada's: foremost Joanne lists• a men who has covered, some of the world's greatest baprteutngs and rtow off copies a . leading povidone en ole of tits Toronto dailies,)- Rev. J, D Morrows eatiapafgil for $^o: 000 to eemtilete'li s b"g doe/xi-town.chureh has not been helped by his action in mar- tying ayoung girl to a -Chinaman at a.. late hone it nighr, and the subsequent trtostreal eteee .ase xanees are showxn 3 Toltec cern: erq(:eeitings, Mr, .Morrow is the greatest active Y for some months the"mart-line" minister of the city, that , " important investment and , 1$, I e of all tha clergymen, has the great- iiehaughnessy, the president of the nest. Several tiusec rit m.rriage eeremontes to hie 0.P.R.,, were warm friends so -1 en ., • , *1 i trio :de est number of � ,. - a i„ Leah: Trmw securities 1, st that he turns , � ., cadet in a year, He boa s a lour e Tramways, b wa 1 �a as p 1 1 s s J i e zwmbut ", . do 'l. .fund Tie ts church Electric and Toronto TLaila-not—not to maxi- all the fees over to his c been strong and ae, the fees es a: rule from his patrons are aveC. P, IL—havenot large, though the Chinaman gave bus dee Of romi euee erg there his been n 2 , ;r.. Morrow has been using txlenty" of prominence nx Ace gief to the al. con $-Q ort m p raising k�indS, Sp iR,s Other methods of 2, l n - stet r , *bares c ra m. is c k " o d t 1 lee at ie number ie .. -, .,. n of hs iin it ra., tt to. t of r atxlz Dien t �, t o. .t,t g alae tch'ieh may be jus`^heel from a tIOOD ADVICE. Sir Edward Clouston, like many other Canadians, has learned that nothing ties up a railway like a ::t1riV1111?;.. -snowstorm.A few years. ago in February, the Ontario rail- ways were almost completely tied up with one of the worst blizzards experienced in years. At that time Sir Edward had au important gagement rn Ottawa, and although the weather prophets foreeasted had snowstorms, he decided to make the trip: by the C.P.R,, who maintain a fast services between Montreal and Ottawa. The train anew had a desperate fight to makeeheadway from the time they left Montreal, and finally, when throe rti;i1es front one of the smallest stations on the line, the engine went dead. Sir Edward and Sir, Thomas Fararest iu athletics and his former prowess sxfec^ukattvo Fount of view, but vadat not � v - Otte should purchase under the zin?irer• ' ne a sprinter. have raised a good1y enm sign that he was investing: in the tree but the goal is still a long way oft;, Some cense of the word., For those who eau of the wealthier Congregations have riven ototake ll lees. and can dispense. generously, and when Mr. Morrow gets n aif .rd- c. a e- witka :ncwAxe from return investments for.' chance 1,0 go in another uitniatei•'s itultytik eotse time to eere—eeverat years_, per, lie tells a towelling story of his work s, t t i o be said far among the down and outs and his strug, w ellehosxe to , AEIe It ng t w cltoseta utcaases of industrial Nen lite with the 1$uititetrl giicstiolr, lout lance well . la s subscriptions are infrequent,, Aiiparentiy 1 s. n Fore Rlowever. who le ut =on a.oc t A 5 . t `o r c, : `o1P '. 5. fCC..nt i . wtoii Ix ^ le Mr i to uta eo } p p fleieutly well versed iu the financial situ ntiou to make such purchases with pro• Wer discrimination requires little further in the way of general financial education. e'er ilio average person—particul;irly those away from the chief centres, where information (of a sort) more or less in, formed say be had for the asking—it is the reverse of wise to "dribble" ie the *tock market% That, of course, is all they Would' be doing' were they to Punch»,e ,hese vaccinias et the present time. The most recent of the common shares 1 move were then, of the "Steel Coutparty away• Cato he promoters ahis nd asvaa�bonurs to underwriters of the bonds, As such WOODBINE G ATETY, Possibly the gayest social function ip. the Toronto calendar is the opening of the Q. J. C. spring meeting at sheWoodbine, St is a scene not to be duplicated any- where on the American continent. United States race Aleuts are not soeiety turn&`', tioUS,They draw a sporting ex'owd mire and simple, 2ind- none of themhas the beautiful setting that the good e pro- vides–the lake across the medow. e unsurpassed green sward. the stately elms and the flower beds. Given May sunshine and Stay breezes the whole Setting is idyllic. it represents uterelY the value placed ea 'rhe crowd is the most cosmopolitan that "good will,', and ' at present. and for gathers in Toronto. It euts society in a some years to come. is chiefly "'water " vertical section, The highest iu the land that Ire stock created for various pun- is 'there, So is tete lowest, .,,bout the poses for which no ?honey is void, and. stables one may see Some Tare specimens therefore, represents no tnr;estwent of of humanity. So, also. to the Ptiblio stand;. cash •iu the plant. When, 'When in years to- and beide rill. Some are, no doubt, tome the increase an the `able of Me attracted thither by the love of , xuan's Plint axed ether asset blas instilled gtr-' best friend," but most have the fever of lair , a triune of pax or Ilse stock the ltaulbling la their veins. ,avian is said to have been 'squeezed The earnings an "Steel C, The first unci at the Rig out.' PREMIER 1,S DF}f0CRATIO. of Canada" cool- -.it lit Honaraiii mon sharers are about 3,S per cent. It L.en to 'I" top o sruce bis act ea.. r aIrord none cors i i gas tilt) occas on an r5 attempted are on the i or a warm welcome. as was natural in it forto-day, though the specula el Y 41 c is sos g y eooncr than generally expected ,gives .r. Borden 'a c e old lie somo Years before any are y.on to the P 1 .h p 1i deadcommon rbarea and" to they are not worth what, they are ! t c' i 11 iron l devoted to his selling cause and party aa Oa Toronto. While tine chance, that a dividend may be :paid St B rd +'i ll,traetor seems on the sur- a face lo lack oomethtug of warpath, news paper men know hili to bo ono of the easiest nobles men in Canada to inter- view. nterview. Rets predecessor, Sir Wilfrid Lau- rier. refused always, and still refuses. to be quoted in an Interview about anything. Horden, on the other band, rarely de- clines e.clines to be interviewed, though, natur- ally. he tines 'not snake important an- nouncements by this method. To say that bo is easy to interview does not mean that he is a seeker of publicity, or has not a .keen sense of dignity, Quite the contrary, Sir Edmund Osler. bis host during, )lis visit, has always expressed himself as a warm ailinirer of Mr. Borden's abii,ti and character. Sir Edmund is ono of Canada's wealthiest men, the Qaundia u, Yactfla and 'Northwest lands having :fur - Walled him with the means of fortune. building. them a value in tho market quite dis- tinct from that which one would give ?, them trona an investment point of view, Spanish River Pulls and Ontario Pulp and, Paper Companies eommou shares have also been utoving excitedly for game' time now, but as 'those intererts closest', to the inside ere at. a loss to justify the present Prices—tor as yet earniurs do not justify them, though they may before long –there is not much to be said on the Eub;leet. Other shares like Fawyer•itassey eons.'. mon aro moving upwards 'too. The Saw- yer-3fassey common stackis doubtless nearer dividends than .many others more recently issued, but the water hasn't vet' been squeezed out in a sufficient degree to justify the uurehase of the stock as an investment, nlbett nn. unremunerative one, for there is no dividend in sight for some years on that stack either. The poliey of not paying dividends un- til a good substantial reserve is built up is a sound one, and any shareholder who urges his company to act otherwise is sA eager for the fruits of the present that ]le jeopardizes the possibilities of large erops in the future. And so, anyone who buys non.dividend industrial common stocks at the present time, unless be has reason to think tho period of reserve building is nt an end, is not investing wisely, In any ease his In- vestment savors rattler too much of specu- lation to be in any sense sound. it LITTLE TOMMY'S ERROR. Mrs; de Venoff—"Tommy, do Jou want some nice plum jam?" Tommy—"Yes, ,mother." "1 was going to give you some to put on your bread, bat I Iost the key of the pantry " "You don't need the key, mother I can reaeh down through the win- dow and open the door from the in- side. "That's what I wanted to knsw. Now just wait until your father comes home," 1 when the Appetite Lags A bowl of st sties with cream .. hits the right spot. "Toasties" are .thin bits of corn ; fully cooked, then toasted toa crisp. golden -brown. A ji1S£ oO makes s al. fine change for spring 1?appe- tites. tites. Sold by . Gr°ocers,, and readd to 'serve from ack- Y y with 1✓ age_, gpStantl• C r , tfreutty sugar,ana a! mese o: -y gers". Made by Canadian "ibeturn Cereal Go, Iatd, Pure Food Factories Windsor, Ontario, Canada. Asetese tee i LIVE WI1tE IN LACROSSE. The .lacrosse situation 1100 been touched. by a live wire this .season, said live wire being no less a 'personage than our old friend R. J. Fleming. General Manager of the Toronto Street Railway, whose chief hobbies heretofore "lave been Jersey cows and, Sunday 0011ool: ttetivities. Until last year "Bob" Fleming did not know a lacrosse stick from a baseball bat, Then be had the Toronto Lacrosse Club given to luau. It was literally forced an him. The owners had been losing money. Thy saw no way of getting even. 'Then had been playing on the Toronto hallway Company's grounds at Searboro Beach, and so they went -to the railway's man- ager anis calmly informed him that it was up to him to take the team off their hands, Tie gent to see his boys play. They lost. He decided to get some new players. But he was informed that under the rules of -the N. L. A. he could not engage new players at that stage of the season. The incident shows what a novice he was. But this year he was not to be fooled again, with the result that lacrosse play- ers have been, making contracts at un- dreamed of prices. There never has been such doings. Of course, the game in this league has been thoroughly profession- alized, and no one plays for dory. And hitherto they have played for, moderate cash considerations. But between I£. J. Fleming and Con. Jones, an ex -Australian,' wto runs a big billiard parlor - in Van- couver, and who is the lacrosse magnate of British Columbia, salaries have been boosted to dizzy heights. In the Newsy Lalonde affair it is understood that Jones paid $5,000 for a one -season contract after Fleming thought he had him at $4,500, of which $2.000 had been paid over. When friends point out that .at such salaries` he can't hope to make money. even if he filled the largest grand stand in the city at every game, air. Flem- ming declares that all lie cares about is. to get a team that will win games. With big league lacrosse so thoroughly commercialized it is a pity that the situ- ation in the amateur leagues of the na- tional game is not better. But, there is a hope that the rivalry between the Ca eadian and Ontario associations will be straightened out before another season. DR. NESBITT HOME' AGAIN, Dr. Beattie ,Nesbitt, is again in our midst. The method of his home-comine was quite in 'keeping his character. Row to • get from the .Chicago' train to' tie jail without running. into a reporter or a photographer was "a 'problem that gave a new turn to the game of life, but as a game which offered some measure of enjoyment it appealed to the jovial doctor, and as such he entered into it with his accustomed zest. Those who saw the doctor incourt de- clare he has aged greatly in the sixteen months since lie left Toronto. Ile has lost weight, added wrinkles and lost some of his aecustoreed lightsomeness of man - Sympathy is, expressed for his wife and child,'-a,.little girl Mrs. Nesbitt was 000 of-thetwo daughters of the late Mr. Hub- bard, who had built ep a big business in dental supplies, and left at his ,:cleeth'an estate of some 0200,000. Dr. eiesb tt man- age -the business for a periost; but un- successfully. CLA S STC 1L SIL S.fee #RID CLOd;e S,TON, Sit Edward was informed tha t,herto was to be a serious delay he esolved to telegraph Sir Thomas. A brakeman started out to make segs way three miles to hhe telegraph and Sir Thomas gave hint at personal message to the 0.11,R>, president. Ho also insisted that the brakeman wait for a reply. His message was as follows: "Sir The Was Shaughnessy, "President O.P.R.: "Am tied up in a snowstorm in one of your trains. Three miles from nowhere. What would you advise 1 Clolaston." On account cif the snowstolan, there 'were delays in transmitting the eesoago, and the reply, which reached the o t n tit-bou ld knight three hours afterwards. it" was clear and to the point: ''Sir Edward Chou ston, "C.P.R. train, three miles from nowhere : "Advise patience and prayer. "Shaughnessy." 'What is yo it zdea of classical isio t3;';e11,'' replied Mr. Cunrox, "1 don't "profess to know' much, about it. But it always seem; to inc that .wlien ,a man 11 rites classical music he simply takes -a- :tune ° and sees how rleech he can. miiss it Iirl." She -Yon married mvim rl be e - 1 y` cause I had money: ie -No. I married you because I didnl have )iloney, QUEEN WAS INDEPENDENT A 1N £ C D OTES ILLUSTRATING VICTORIA'S OJJAR:tCTER.n The 'Gra€,'ious Monarch Resented AnythingThat 'towered Her Dignity, Gracious though the late Queen Victoria could ba at times, ,she, would brook no interference with her personal wishes. Furthermore, she was quite convinced in her early days of the infallibility of kings and queens, and strongly resented any- thing which, in her opinion, would lower her Royal dignity. This is made 'plain by Mrs. Jerrold in her stories of the court in the 'forties, contained in her book, "The Early Court of Queen Victoria," Queen, Victoria's ehildhood ivas exceedingly dreary, and it, was, perhaps, scarcely enu.prie ng, when she became Qtleen; of lEngland, that she used her 'power- and great posi- tiorl in vera- little ways. Her first� request to her mother on her acces- sion was that she should be "left; alone for two Hour's," a privilege she bad never enjoyed, while, whe l the Duchess of Kent begged her august daughter not to overtire' her- self by the excitement of attending in Berson to PROROGUE PARLIAMENT, the girl of eighteen answered:--- "That is a word I do not like to bear; all these ceerenlonieS interest and please me, but have no diel effect on my mind as that which 1 understand by excitement," Not even Lord 'illelhourne was al- lowed to give her any slight eorrec.-, tidal,, At her first Council the young, Queen began reading: This AO 4altitnled;a -'which is the legal way of spelling "en- titled." ar 'Entitled,' your Majesty ren_ titled,' " Hastily eorreeted Lord Melbourne, in a loud aside. The young Queen slowly drew herself up and said, quietly and firmly, "1 have said it.'i Then, after a pause, once more the beautiful, childish voice rang outi:^ "This .A,at ent tubed, „ 'We get another striking illustra- tion of Queen Victoria's indepen- dence ndepen-de ice of character in connection with what has been facetiously termed "the Great Bedchamber Piot." Ladies of the 7 edeharnber are appointed by the Government, and a *lenge in the Administration usually means achange inthe ap- pointments. -toiutiants. In 1839, however, Queen Victoria, refused to part with the Ladies of the :Bedchamber on the occasion of a CHANGE OF GOVERNMENT, xL%.TS WORN AT 'TABLE. This Rule of Etiquette Laid Down in 1673. Seventeenth century etiquette prescribed that hats should be worn, at table. "The Rules of Civility, or Certain Ways of Deportment," published 1673, gives some direc- tions on this point. Under the sup- position that "a person of quality detains you to dine with him," it is laid down that "when the person invited is seated he must keep him- self uncover -cd till the rest sit down, and the person of quality has., put on his hat. . . If the person of honor drinks a health to you, you must he sure to be 'uncovered. If he speaks to you, you must likewise be uncovered till you have answered him. If one rises from the table before the rest, he must pull off his hat.'' A trace of this etiquette lingers in the House of Commons, where a member is always::allovi=ed to wear his- hat only when seated. -London "Chronicle." .p FOOD --AND LNTELLECT. It used to be thought that'fhsting purified the sniirit and made the in- tellect clear. The mind with wings. unclogged by the gross appetites of the body was supposed to be more free and nimble. The British Medi- cal Journal does not believe that the intellect is strengthened by fasting, though undoubtedly it- may be, clouded by over -eating. On the other hand, fasting has often evil effects on the temper, which undo whatever spiritual --good it may do in' other ways ; and as regards the intellect, it is a truism that the brainbe fed like -any . other must part of the .body, The quantity of foodrequired to keep one in sound condition varies `'so largely that it is impossible to lay down more than a tentative average standard.' The quality is a matter of custom and corn - environment: here, too no rigid un.rversal notal tan Ise enforced.•. Baoon's teaching,` that whatever a nlan 'r Minces i s ood of" is for himthe hest,f' is sounder than any dogmas framed isr the laboratory, and the consequence was that Sir Robert Peeldeclined to form a Min- istry, Lord Melbourne returning to office. "They wish to great me like a girl," her Majesty said, regarding this trouble. Again, in connection with her marriage, Mrs. Jerrold -tells a char acte,ristic .anecdote of her late Ma- jesty. Devoted as she was from the first to the Prince Consort, the Queen would brook no hint of mas- tery or barely of equality from hint When telling the Duchess" of Glou- cester of how she "had to pro,posti to Albert," she explained how 'im- possible it would have been for him to propose to the Queen of Eng- land; "he would never have pre-'- sume,d to have taken such a liber- ty." She had no intention that he should presume'in any way., When pressing on him a (secretary, be did not want, she wrote : "I am dis- tressed to teal you what I fear you do not like, but it is necessary, my dearest, most excellent Albert. Once more I tell you that you can perfectly rely on me in these mat te,rs," Melbourne had a difficult task at times to curb the impetuosity of the youthful Queen; for she declined to be ruled against her will even by him. Thus, when Melbourne eon- demned the idea of the Queen ap- pearing on horseback • . AT A REVIEW. FOR MAKING OA O FTEN8N AT REMOVING PAR DISINFECTINGr!' SINKS. LOS $DmTS, D RAI N y E•' C. OLD EV'1=RY HERE REFUSE SUBSTITUTES FLOII"I:RS IN JAPAN. Their Arrangement Is Regularly ar i t L' � 1 tf. The atrran -ement of flowers in, Japan is not done haphazard, but is'. governed by rules. There are cer- tain dowers that are used for testi Fails only; certain others that are absolutely prohibited by eustonl, There are vadvus: styles of ar- rangement, each of which has a name, and the art, of disposing the flowers eol'reetly is regularly taught. Vases in which to pat the flowers or twigs are of infinite 'var- iety, and harmony between the vase and the 'flower is ono of the first conditions to be tabsorved, There is a flower for each month and for each circumstance, happy or otherwise. Special bouquets are arranged for birt11daas, deaths, for the first day of the eighth month alyd,for the hundred and one little cerenoonies that are integral parte, of Japanese life and for which it would be a serious mistake to use thewrongflower. tie . The plae which a bouquet ehoudd occupy in aroom is so Important, p�a p , and it is usually put before the kakemono or painting that orna- ments every well fur"niShe-d 1'oorn in a 1apanese house. Thereshould always be harmony between the pier Lure and the bouquet, Thus bef,,,,,0 every painting by the famous a jtist Toelnmei, who loved chrysanthe- mums, should be placed a -vase of those flowers, It is not considered good taste to stand too near a vase of flowers. Three feet is a respectful distance from which to admirer it.pproba„- tion ,should be, expressed in a low 'voice, simply and quietly, the color of the flower being first' touched upon and different expressions be- ing assigned to different tints. 6%INTEREST ANDSAFETY Q Price Bros, and Company Bonds pay 6 per cent on the investment. They offer the strong security of first mortgage on 6,000 square miles of pulp and tiecberlands--w}richare insured at Lloyds against fire. The earnings of the Company at present approximate twice the bond interest, The new pulp mill in course of construction -will double this earning power. Purchased at their present price they pay interestat the rate of 6 per cent. The best posted investors in Canada and England have purchased these bonds. Owing to the security and increasing demand of the products of the Company, these bonds will unquestion• ably increase in value, It y ou have money to'invest write us for complete informative. RoyASECURITIES CORPORATION LIMITED BANK OF MONTREAL BUILDING YONCE AND QUEEN STREETS TORONTO R. M. WHITE Manager LONDON teNti,l MONTR EAL-auco KO-HALIPA)(-oTTA1V,A "Very well, my lord," she said, "remember, no horse, no review," and there was no review according- ly. One important thing the Prince Consort did after lii�s marriage, was to bring about a revolution in. the Royal household, which, owing chiefly..,lto the appointment of "do- nothing" officials, was in a state of disorganization. The servants were not only careless, but quite, ineffi- cient, Thr the Queen of c ant, and" neither o Q e England nor her husband could be sure , of .a well -warmed room. On one occasion Queen . Victoria "feel- ing the cold especially, sent. a mss-. senger to Sir Frederick Watson, tlie. Master of the Household, corn • t i plainjag that the dining -room was. some ..people fail to practice what" they preach becauc they need the money. ti friend in word is not always end in'. deed. } 1 1 a always cold. That perplexed gen tlenaan, who either had `no initiative or"knew that interference would be useless, replied gravely to the mes- senger: es-senger: . `Properly speaking, it is not our fault,.-fer the Lord Steward lays the fire, and the Lord Cham berlain, lights it,'' " Ships and goods were insured a arnst the perils of the sea so long fiftieth 'century. $50,000 WANTED FOR LARGE MANUFACTURfNC COMPANY Tho business of the Sicmon Company, Limited, has been growing so rapidly that an immediate Increase of capital Is re- quired. We are lnstru:ted to offer $50,000 preference stock, in shares of 5100, In this Company, on the following terms:– We guarantee a dividend of 7 por cent., payable on Juno 1st and December 1st. Thisdividendlure 1. c filar, tz. never been, gassed. Investors ddsi�t'iaary the names of parties all tler'ouglaOntario who have been receiv- ing dividends of per cent. for eight or nine dears will kindly write its, and we shall be�pleased to sennet full particulars. Preferred stockhoidirs also share in the dividends on com- mon stook, as follows:—if the common stock pays 3 per cent. rho preferred pays 3 per cent. in addition to the 7 percent. guaranteed, or 10 per cont. in att. Investors may redeem their shares at par at any time after one year upon giving sixty days' notice. A j NATIONAL SECURITIES CORPORATION, !AA!yy'' :j:���� 7L��1�1f LTD., f CONFEDERATION LIFE BUILDING, TORONTO, ONT. T5 ,pt.. epee `:L^.e'+c. 1 a of a eseiwi41�7 e e et _ '.i°r._y_,xL'.I9..t.a,e.,y'_w • • i1 INEEI x �®T roiler New ; _ere • r Is pleasing irony, women. , Itenables the housewife to broil asweIl on the New f Perection Stove as over v a coal fire. It uses all the '.heat.' +' And of course you arc familiar with the It' cooks evenly:4; It broils both' sides :at once.:.., K. sem• aim : : It ; doesn't, smoke. 011 o -Stove It is such a convenience all the year round. ` It will bake, broil, roast and toast just at well as a regular coal ange. Ask to see the New Perfectiob Stove at, your deniers. itis handsomely finished is nickel, with cahsaet .top, drop shelve!, towel racks, etc, ft has long, enameled. -turquoise -blue chimseya. Ivisde with 1,'2 er 3 burner,; Free'Cook-Dvolc''with 'Cl Cl evesendrym dove, $cent4 Cootock6,vcr.aBookika,hh 1s, .iasst.avea to anyone •% . ,. - � �� THE IMPERIAL OIL COMPANY, Limited W nnipeg, Montreal, St. John, Iialifaa end Queen City Division, Toronto' —.mss