Loading...
HomeMy WebLinkAboutThe Exeter Advocate, 1915-12-16, Page 7BANK OF MONTREAE NINETY e EIGHTH ANNUAL RE- PORT SHOWS BANK IN VERY STRONG POSITION. Exceptional interest attaches this year to the Annual Report of ,Canada's leading Bank, and the addresses deli- vered at the Annual Meeting by the President and General Manager. They afford an insight into the financial consequences of a year.of war on the country generally, and into the out- look for the future, as interpreted by men who have every opportunity to judge it. Mr, H< T.T. Meredith, the President, pointed out that the effect of the war oft Canadian trade had been, less in- jurious than had been expected, and Mr. H. V. Meredith that this year's bountiful harvest may not only be expected to stimulate cur- rent trade, but to attract renewed emigration to Canada. The Annual Report shows the Bank' of Montreal in a position of unprece- dented strength. With assets of 3302,080,551 --an increase for the tl year of $38,800,138 --it takes rank with the most powerful banking insti- tutions in the world. Of this enor- mous sum, no less than $170,007,568 • is in cash and liquid assets. This is over G4 per cent. of the Bank's total public liabilities -•-.a ratio whose sig- tl nificanee will be better understood f when it is compared with 55.4 per cent. last year, and a little less than o 50 per cent. (considered a high pro- portion in normal times) in 1913. t While holding so large a proportion of the Hank's assets in liquid form does not tend to large profits, it is a e source of great strength not only to e the Bank, but to the whole .al Canada, in these trying and difficult times. f The profits for the year, however, i were most gratifying. Amounting to $2,108,631, they provided for the s usual quarterly dividend and two b 1`."+:• bonuses on the Capital of $16,- a 000,000; the War Tax on Bank Note a Circulation, $127,34r; and left over $60,000 to be added to the Profit and Loss Account, bringing the balance of a the latter up to $1,293,952. This, of course, is in addition to the Rest b Account of $16,000,000—equal to the i na less than ,$218,000,000 within the short space of two years." Taking a prudently optimistic view of the future, Mr. Meredith said; "The position of Canada is a highly favored one, with an .assured future of growth, development and general prosperity. At present, however, we live in the shadow of the great war, to which all else must be subservient. What its duration will be, and the position in which its' termination will find us, can be matter of the merest conjecture. The vast armies now en- gaged in the struggle cannot be kept in the field indefinitely. The financial factor is daily assuming increased importance, and in this respect the advantage is unquestionably with Great Britain and her Allies. "After the war, a readjustment of trade conditions is to be expected. The flood of wealth which has attend ed the export of munitions and wa supplies must of necessity be largel curtailed, and a new set of problem will have to be faced. As I have sai on former occasions when I have ha the pleasure of addressing you, i economy be exercised to meet the in creased burden of taxation, of which we must bear our share, and the pro duction of exportable articles i_ creased to the utmost extent, to pro teet our gold supply and minimize on borrowings, and if we keep strong i working capital, then no.matter wha difficulties the future may have i store for us, we can look forward t them with a degree of complacency, Our agricultural resources and unde veloped wealth will enable us: to be the strain which may be imposed opo us, and we shall in the end come safe ly through the period of economi upheaval and world-wide conflic with a larger debt, it is true, bu with our ability to meet it unques tioned and our economic position no seriously impaired.": WIRELESS STATIONS. - Fourteen Words Saved the German ✓ Fleet. Y s We have a saying that speech is d silvern, but silence is golden. There d is now an exception to the rule. Some f years ago it was proposed to establish. _ a chain of British wireless stations round the world, but it was not done. _ The Germans did, and the result is in- _ teresting, - Seeing that Germany spent two mil- t, lions on her colonial wireless stations, n most of which have been seized or de- t_ stroyed, her money might appear to, n have been ill -spent, But was it? o Great Britain declared war on Ger-' many at midnight on August 4, 1914. ., Seven hours earlier, at Ave o'clock in ar the afternoon, Germany sent out a n message to all its wireless stations. - Each station had a radius of 2,000 c miles, and each in turn flung this mes- sage forth to German ships out at t sea, "War declared on England. Make i - as quickly as you can for a neutral t port." Only fourteen words, and fewer still in code, but it was enough to save Germany the bulk of her mer- chant fleet. The ships saved were an enormous number. Giant German liners crowd Ameri- can ports, and other ships dot the har- bors of every neutral coast. There they are safe till. the end of the tear. AUXILIARIES AID THE NAVY. Jletwcen 2,000 and 3,000 Ships Hunt for Submarines, Graphic descriptions by various cor- respondents visiting Great Britain's Grand Fleet are published by all the British newspapers. They all pay tribute to the preparedness and; ef- ficiency of the navy, not only as to he main fighting units, but also to the less prominent but equally im- portant auxiliaries of various types. A naval officer aboard one of the ships told a correspondent that in ad- dition to the war fleet proper there are between 2,000 and 3,000 ships of he merchant marine employed in ransport and supply duty and as many more engaged in patrol work r in foiling the efforts of enemy sub- marines. The visitors were shown he celebrated map on which are marked the places where German sub- marines have been captured, destroy - d or sunk, and various methods were xplained to the correspondents, "We actually saw vessels engaged a this anti-submarine business leave ng port," says one correspondent. 'Indeed, it is not necessary to go out-, ide the harbor to understand why the loekade has failed. Were at anchor longside one another lay the bane ad the antidote." One full day of the visit was spent n inspecting large new naval works t a place which a. short time ago vas swamp land, but is now a live and usy naval establishment. The works nclude three drydocks, each of which s capable of holding any ship afloat. The party visited the battle cruisers ion and Tiger, viewing the patched unnels and shell wounds received in the North Sea battle. They also visit - d the Australian and New Zealand ontributions to the high seas'fleet. One correspondent touching on arious devices used in painting, de - lams a superdreadnought can be so cleverly disguised that even in day- fight the practiced eye of a sailor is kely to mistake her for a. craft a enth of her size, while the difficulties of range finding are increased in- efinitely. How to Save Your Eyes t TryThisPrescription Free Prescri Da your eyes give ,you trouble'; Da yeti Air I THE BRITISH SOL IERS.. A German Officer Says They Fight to. the Last, The greatest admiration for the British is expressed, A German of- ficer remarked that his men would rather meet any company of men than British, because the latter keep cool, never lose their heads, never give in, and fight to the last, Men of 50 have been called up for the German army, and the next call will be for boys of 16. No language but Ger- man is allowed in the streets. Ameri- cans are not permitted to speak their own tongue, under the penalty of fines. There is a great shortage of raw materials. Rubber has been. smuggled in in the form. of sausages. The scarcity is so great that no pri- vane individual in Berlin is allowed to use his automobile except a doctor Rubber floors have been taken up, and every scrap in any shape or form has been used, A GENTLE LAXATIVE FOR LITTLE ONES Baby's Own Tablets are a gentle laxative. They are absolutely safe and so pleasant in action, that once the mother has used them for her little ones, she will never again resort to that harsh, ill -smelling, bad -tasting castor oil, which baby always fought against taking. Baby will take the Tablets with a smile, and thousands of mothers tell us their little ones will coax for them. They are sold by acelieilio dealers or by mail at 2a. cents a box from The Dr. Williaerie Medicine Co., Brockville, Ont. A Mere Trifle, " Now, children, I want you to 'be - perfectly quiet when the bishop is here, and not say anything that will mortify me," "But, mamma, can't we ask him if he will baptize the new kittens?" ; iatnartps £tnim,ent cures Oarget in bows Gently Broken. A young man, an only son, married j against the wishes of his parents. Al short time afterward, in telling a friend how to break the news to' hem, he said: "Start off by telling them that I am dead,. and then gently work up to i the climax." S slznulated Eyelids, E es inflamed b expo. Y Y P curt: to Sun, Dusters! Wind e9uickly relieved by Marina Eye Remedy. No Smarting, just e Comfort. At Your Druggist's See per DBotte.. Mine E a SalveinTube,25c, For Book et:heEyefreeask Druggists or Murine Eye Remedy Co., Chicago Capital. i Owing to the reduced volume of commercial business in the country, L the current loans dropped from $108,- f 845,332 in 1914 to $99,078,506. Loans to municipalities, on the other hand, e show an increase of over two mil- c lions, reaching the figure of $11,203,- 472.v One of the most striking and im- c portant features of the Report is the remarkable increase in Deposits. Ii Those bearing no interest have in- If creased during the year from $42,- t 689,031 to $75,745,729, while interest- bearing deposits have grown to $160,- d 277,083—a total increase of $39,800,- 138. Though this is partly accounted for by special transactions, it must be regarded as highly satisfactory and an especial mark of public confi- dence. In reviewing the year, the President `f laid special stress on the record her- c vest in the ,West, where a greatly c increased area under cultivation has G given the highest average yield in a the history of the country. The esti- mated value of the grain crop of Manitoba, Alberta and Saskatchewan he placed at four hundred million dol- lars -a sum which could be depended upon to°liquidate much indebtedness and stimulate current trade. Referring to the remarkable change in Canada's `position from a debtor to e c d 3 so th G b c TILE VERY TIME When Powerful Food Is Most Needed. The need of delicate yet nutritious ood is never felt so keenly as when a onvalescent gets a set back on- ac- ount of weak stomach. Then is when rape -Nuts shows its power, for it is most scientific and easily digested food. ` "About a year ago," writes a west- ern woman, "`my little six: year-old niece moved to a new home. 'She naturally had a change ,of diet and of course a change of water, and some- how she contracted' typhoid fever. "After a long siege her case seem - d hopeless, doctors gave her up, and she was nothing but skin and bones, ouldn't eat anything, and for weeks id not know even her father or pother. Her parents, in trying 'to:,get mething delicate and nourishing at she could eat, finally hit upon rape -Nuts food, and it turned out to e just the thing. ""She seemed to relish. it, was soon oascious of her surroundings, and be- en to' gain strength so fapidly that a short time she was as well, play it and robust as if she- had, never cen ill. "We all feel that Grape -Nuts was e, predominating factor:in saving rte sweet little girl's life." Name given by Canadian Postum Co:, Windsor, Ont. Ever read. the above letter ? A new. e apgeam 1.4312;‘ rom ,time to time. Tiaey e rrenttine, true, and fn11 of human tercet a creditor nation, Mr. Meredith said: •"In the: seven months ending Octo- ber 31st, 1913, the value of exports of Canadian ' products was $245,550,- 000, and in the same period of 1914 was $226,757,000; while this year in these seven months we have exported Canadian products of the value of $326,430,000, or $100,000,000 more than last year, and the great crop surplus has still to go forward: ""Comparing thew foreign.' trade of in Canada for the, seven -months' period fi ending with October, imports have b declined from $390,544,000 in 1913 to $253,107,000 hi 1915, while exports of th domestic products, ` as I have said, t have risen from $245,550,000 to $326,- 430,000; and adverse balance of $145,- 000 000 145,-000;000 being converted into a favor- able balance of $73,323,000, or a bet- on torment in respect of foreign trade of fi g Thousands at�people wearathese "wi dow9? who might easily dispense with them, lot+ may be one of theta, and it is your ' duty to save Tour oyes betura it is too y fate. The eyes are neglected more than any other organ of time entire body, filter ' you finish your day's work you sit down and rest your muscles, but bow about your eyes ? Do you rest them ? You know Yale tlo oat. lou read or do something i else that keeps your eyes busy; you work I Yottr ryes until you go to lett. That is 1�hy so atony have strained eyes, and flu- ( tally other eye troubles that threaten par- Itial or total blindness, Eyeglasses nra merely crutches; they never Care. 'thio free prescription, which has benefitted the eyes of so many, may work equal +von Tx for you. pee it a short tinge. Would 1 you lir` t b e your eyetroubles to disappear eta if by magic ? Try this prescription. Oo to the nearest wide-awake drug store and get a bottle of Bon -Onto tablets; fill a two -ounce bottle with warm water, drop in one tablet and allow it to thoroughly dissolve. With this liquid 1,^tae the eyes two to four times dilly. Just note how quickly your eyes clear tip and low soon the inflammation will disappear, Don't be afraid to use it ; it is absolutely harm- less. Many who are now blind might have saved their eyes bad they started to care for them in ttmc, This is a simple treat- ment, but marvellously efeetive its tudes of eases. Now that you have been warned don't delay a day, but do what You I FARMS ALL SIZES — STOCK eyes, and you are likely The Hard Struggle, "It's a tough struggle." "What is?" "Doing without the things we actually have to have to try to keep up the payments on the luxuries we didn't need," =ultra's Ziniment Cures Colds, 40. When a young man becomes a so -1 ciety leader you will usually find Min at the tail of every other pro- cession, Z'AB,MS FOR NAZIS. ran to save your y to thank us as long as you live for pub- lishing this prescription. The Vlimas e Drug Co. of Toronto Will fill the above prescription l,y mail, if your druggist cannot. , Crain, Dairy or Fruit. When you want to buy, write H. \V, Dawson, I;rampton, Ont. NEWSPAPERS POR SATiB "p aortT-DS'ATUNG NEWS AND JOB 1J�i.. towns. The most useful and interesting of all businesses. Full information on , application to Wilson Publishing Corn - party, 73 West Adelaide St., 'Toronto. Offices for sale in rte. good Ontario Engine Makes Own Gas. A farm engine driven by a gas mo- tor has been invented in Europe that is equipped with its own producing plant for making gas from waste ma- terial such as bark, sawdust or dry leaves. Minard's Liniment Cures aiphtheria, Breaking the News Gently. On his return from an extended trip abroad an English squire was met at the steamship wharf by his old and' trusty butler. Thinking it strange that the old man should have come to meet him, the squire asked if there was bad news. "Yes, sir," 'replied the butler, "very bad news. The old magpie is dead, sir," "What did the- bird die of ?" "Too much horseflesh, sir." "Too much horseflesh, John? Where did it get it?" "The ,carriage horses, sir." "What, are they dead, too?" "Yes, sir. Died from over-exertion drawing water the night .of the fire," "What fire "The:mansion, sir." "YOtt. don't mean to say that the mansion is burned, John?" "Yes, sir. -It burned the night of the funeral, ,`"Whose funeral?„ "Your poor . Mother's, sir." "What, mother dead, too?" "yes, 'sir. She neves' held her head up after your father died," 'Great heevensi Father dead as well? I never heard' a word of these misfortunes. What was the capse of my father's death?" "Well, sir, it' was this way. He r& ceived a telegram telling him that th, e ship had gone down that had the whole of his fortune on board, and the shock killed him." "Then I am' a ruined man, John ?" gasped the stiuirc. ""That you are, sir•," i'eplietl the but-` ler. MISCELLANEOUS. C.:11W1811. TUMORS, LUMPS, LTG internal and external, cured with- out pain by our home treatment. Writs us before too late. Dr. Bellman Medical Co.. Limited. Colltngweod, Ont. GOLD GOLD ,Write me for. Special Information on MONROE CONSOLIDATED GOLD MINE, Limited P. S. HAIRSTON, 1323 Traders Bank, TOS,ONTO DOG DISEASES And How to Feed Mailed free to any address by America's the Author Pioneer H. CLAY GLOVER, V. S. Beg Remedies 118 West 31st Street, New York WINTER TERM OPENS JAN. 3RD. ELLIOTT Yonge and Charles ata., Toronto t)ernand, for Our Graduates for last four months fully four times our supply-. Calendar free, W. J. Ear ,EOTT, Principal "t *14,r:?1.'its 're'tlt1Al moi: MAGIC, BAKING IkACTHfut eiscurrOKE TJiRecTious .. THiS BAKING POWDER IS COMPOSFA OFTHE FOI LOWING INGREQI- ENTSAHONONEOTitER L.PIiOSPiIA[E BhG#RB'. OHATEOFSOOAAW - STARCH e "cu ii ciaarE.:147`114° r ra,n,,,ro our Coteau.; ... a M $ t. A... POWDER S 7HE WHOM CQNTAIN$ NQ ALUM We unhesitatingly recommend' Magic Belong Powder as being the best. purest and most healthful baking powder that it is possible to produce All ingredients are plainly printed on the label MADE IN CANADA E GIIL Y COMPANY LIMITED TORONTO, .ONT,. WINNIREG, MONTREAL Three Phases. He spoke -- "May I smoke?" And he smiled at his treasure, They were newly engaged; And she answered--- `eTsv ith pleasure." Ile spoke— "May I smoke?" (.Se he started the aetion,l The honeymoon �taxted, She smiled Satisfaction. He spoke— "May I smoke?" But she reached for the poker— They'd been married some time And she yelled It would choke her.. And he fervently hoped that it would, A Setback. Evangeline.—How do you like my new hat? Caroline --I think it is charming. I had one Susi like it last year. I was cured of Rheumatic Gout by • MINARD'S LINIMENT. Halifax, ANDREW TING.. I was cured of Acute Bronchitis by MINARD'S LINIMENT, LT. -COL. C. CREWE READ. .Sussex, I was cured of Acute Rheumatism by MINARD'S LINIMENT, Lakefield, Que., Oct. n, l907. Old Fashioned. ".She';s ail old-fashioned girl, isn't .91;0 7" "Dear me, yeal She had an a frock .at least six months old." idina:d's z.iuin:Ant Cures nistem er Horses have provided more em- ployment for lawyers than any other quadruped, SEND FOR OUR PRICE LIST OF Beautiful Musk Ox R aF:ES LeF8 Thau Half Usual Pr:ce Most Suitable for Autos mnu sleighse t.t unusually fortunate vurehn,r' enables us to offer you tr beautiful selection of MUSK OX ROBES at prices less than half usual cost. One of these Robes for sleigh on. cutter would make an ideal t'hristn ay ialrt They are a arch brown -black, with beauti- ful lustre and perfectly tan- ned. They are unsurpaese i for wt -.11 ntt4. wear and appear- ance. llduktti a Znsarious Floor Rug for the Nome. Write to -a a: far 1a•it'e list farm the lrrg,:ot dealers in •atta.`a, I.AMONTAGNE, LIM1'TED 7. O. Sox 1410. dub IQotro Dame St, West, IKONT=A.L. nianufactnrera of Quality IHarueas, Trunks, Bags, Etc. Eptablielted 1850. Revillon Freres 134 McGILL STREET, - MONTREAL are manufacturers and can pay you best prices for furs of all kinds. Send for our price list. will reduce inflamed, swollen Joints, Sprains, Bruises, Soft Bunches; Heals Boils, Poll Evil, Quittor, Fistula and infected sores quickly a. sit is a positive antiseptic and germicide. Pleasant to ace; does not blister or remove the hair. and yen can work the borne. £2.00 per bottle. delivered, Book'/ M free, AIISORBINE,.1 R., the antiseptic liniment for manhin ,,: reduces Painful, Swollen Veins, Wens, Strati,. Bruiscel Stops pain and inflammation. Price Sl:00-per bottle at dealers. or delivered, will tell yen more if you write: Liberal Trial Bottle for 1Or in stamps. W, F. YOUNG, P, U, F,, 516 Lyman Bidg,; Montreal„Carl. ro- nrl,jnc and Absorbine, Jr.. P ED __', I.:© 6. ISSUE 51 .,-15. W 1 there be a Victrola in your home this Christmas ? The real value of your gift is the happiness it will bring, not alone at Christmas, but in , day s'to follow. A gen- uine Victrola will give the family hours of en- joyment that can come from nO other source The world's best music right at your fireside, the greatest living artists to sing and play for you, the most tuneful of popular melodies, delightful band and instrumental selec- tions; all to brighten the home during the long winter months, Write for our Musical Encyclopedia listin ' over g 6000 Victor. Records, including ,all standard and popular music en ten -inch double -sided records as low as 9,0 cents for two selections. Ails° of "His Master's Voice” dealers will let You hear them: If there is not one in your vicinity notify ns and we will see that you aro not disappoitated all Christmas morning. elemeteenwee Victrola IV $21 With 15 ten -inch, double -sided Victor Records (30 selections, your choice) $34.50. Easy payments, if desired. Other Victrolas, $33.50 to $400 1-3ERLINER GRAM -O -PHONE CO., Limited 601 Lenoir Street, Montreal 131EAGEa„s xN Bymxi'L TOWN: AND , lr•VR ONE DEICE i'ilOAS O0,1Lid .' To C/OAsy VzCTOTi, & COFrDS-- afATb 1TST C B74la& LOOK r on " ASS 1VL&:STLR'S VOICE New Agencies Cotir_idered .Where We Aye Net Properly Represented. ll�.,:w't�`T��"city,,s�'i!!�'�'_.;�"�°•"+s�,,,.�... �-� '