HomeMy WebLinkAboutThe Exeter Advocate, 1893-2-23, Page 4THE
probebly do Itot know nearly as much
as they would make believe,
.v in Orz Friday last the crash came. Mr.
Shipley had been pouted by two de
-
SANDERS DYER, YER, Props. > I ' ors that they would 'creed their
•
essest •+sett ^ ”' 's' " money me that day, and. not having it
TFICIRSDA.VI Feb. 23rd, 18931. at hand the hank owor 'wetlt to the
breeich of: the Baul.'ofCou meree in this.
D UTY ON COAL OIL village, with whom: he had been doing
business, and eud,^asored, to secure the
This question, which has been additional stills —some $19,000 $11,000
brought up in Parhamont on a motion odd of which had been demanded of
by 11Ir. Davin, M. P. for reducin: the 11Ir Shipley by Mr, WM.Frasei, farmer,
of the 7th, m
Concession of McGiliivrey
duty on coal oil, has bion much a�gita The Bank of Cou ense refused pay
ted of late. How is it that we in :Can ment. Then the crash canie. Mr.
oda are paying from 17 to 25 cents per Shipley returned to his private haul:,
gallon for light in our dwellings, lvhen secured the keys and boobs, and hand
ed them oven to, Mr, Joseph Rosser,
in Petrolea (where the native article is Reeve of the village, Its almost in•
chiefly manufactured) we can buy good credible time the news of the failure
coal oil in bulk at 73 cents per gallon? spread, azid an excited crowd, was
Mr. Davin couteuaed that ()wipes to the soon gathered in front of the Unpreten-
tious
t ti o dutyimposed by our
tious, building which Mr. Shipley
lii;;h pro ec Y 1 used as his banal:. The street rumors
far encouraging the Petrolea in- m�.•rate hitt �raldu-
'taTii'1', encouraging were gteatiy exagge, d, r,
dustry, our people in some parts of the ally the excitement became, less gen-
g ashigh • s 40 eraL
Dominion were paying a
Next day, Saturday, a meeting of
and 50 cents 0 gallon ;—and 1;e, c.�n-
dutywere the depositors iu the defunct bulk was
tended that if the excessive held in the Town Hall, The total
removed the public would get the ben- /lumber of depositors was 244, and
°fit, There is no doubt but that ado• when they and their friends gathered
nateprotection should be afforded to on the streets from the surrounding•
q townships as well, the humble villager
the consumer as well as to the mann thought that it was the Fall lair
facturer; and the great virtue of the that had come, surely. But piles of
National Policy was to do something snow, frosted window panes, and icicle•
more than raise a revenue tariff, name hung eaves were everywhere present
ly, to afford ample protection to our as factors to detract from the plaus-
ibility of the idea that the old fashion -
e, employ ed hamlet was enjoying its yearly
rnent to our people and keep the mo• festival.
ney within our own country There The Town Hall meeting was orderly,
are always two sides to every question, There was much eyident supressed ex•
and as was contended by Mr. Moncreiff citement, particularly when Mr. Ship
M. P. for East Lam Mon, who voiced the ley presented to the meeting a state•
mens of his losses. But no one had
sentiments of the Petrone manufactur angry words with which to stir up the
ers,--the imposition of a protective duty risibili.ies or resentment of the angry
on coal oil tends to develop the native crowd -
industry in various oil regions in On- The statement submitted by Mr.
Shipley to the Saturday meeting is re
tario and would in course of time ef- garded as a demonstration of the be-
fectually shut out the American article lief that Mr. Shipley was fearfully
`The fact was brought out in debate reckless, as not a single "profit" is
that the Standard Oil Company, a huge shown among the items. It reads:—
(2), milliners in the village, $600; Mrs.,
McLeod,a widow, residing in -Az1.sa
Craig, $800, said to he her all;, Mrs,
Walker, $1,000, received but:a short
time previously* as insurance; Jerry.
Dorfman, $1,025, In Addition to 'these
depositors, the amount of 'whose depos
its ere not given officially, there are
1 Umerous others generally concerned.
to smaller amounts.
A. majority of the losors are ,farmers
of a well' to-do cless. They take thein
misfortunes philosophically, and many
of them still have. faith 'that Shipley
will pay the full ' amounts, Shipley's
farm of over four; hundred acres has.
been included among• the asstes,
V1'C,ULDN'T TAKE 40,CENTS.
Mr, S,hipley's'offe of 40 cents on the
dollar, made to the meeting of deposit•
ors held in the Towzi Fal on Saturday
was not received at all favorably The
statement Shipley made was regarded.
as very unsatisfactory, and this feel
ing, still remains. The meeting• ap
pointed e, committee to examine the
books and securities, and report the
result to a meeting to be called today.
The committee comprises Dr. Stewart,
A. C. Stewart, Duncan McArthur, Geo.
Morton, William McCallum mid S. Gil-
lis. who were among the large deposit-
ors, and they spent the whole of Mon-
day going over the books. Their re•
port is not looked forward to with any
considerable degree of interest, as it is
believed they will be able to let in no
he de os
Some O
new rays of light, Sou G depos
are agitating for the employment
of an expert accountant, and may car-
ry their point. It is thought a month
at least would be required to complete
a thorough report of the actual situa
tion.
Mr. Shipley takes his misfortune
very hard, it is said. Ile commenced
business as a banker in the village in
1879, and by a system of generous
and it was thought thoroughly straight
forward and business like dealiug he
had gained the entire confidence of the
community. His bank was the only
one in the yillage until recently, when
a branch rf the Bank of Commerce
was established there. and this fact
aided materially in building up his
extensive business. The investigating
committee have found the books to be
kept in an efficient way. One effect of
the crash was to cause a very consider
able "run" on Fox's Bank at Lucan,
but the result was not serious.
Mrs. Holloway & Son, of Centralia,
left for Berne, Mich., to visit her son,
Wm. Hooper, formerly of this place.
monopoly in the United States, had
actually been lobbying members of Ca
nadian parliament on this subject. For
wbat reason? not certainly to benefit
the Canadian people, but in their own
interests as a mouopely. It was con-
tended by Mr. Moncreiff that a reduc-
tion of the present duty on oil would
-not reduce its cost to Canadian con-
sumers, but would throw open the
market to foreigners while crippling or
destroying our native manufacturers.
Another interesting fact was brought
-out in the course of debate, viz; that
"while there was but one wholesale price
-of oil at the refineries, there was a
:great diversity of cost among retailers,
For example coal oil could be bought
:(retailed) at Owen Sound, Madoc, and
‘other places for 15 cents—and at To-
ronto, Dundas, and elsewhere for 12e
cents—while within.easy reach of Pe
trona, say at Dunnville, it sold as high
;as 25 and 30 cents per gallon. 'Surely,
the retailers must be making money
by their profits on coal oil. And the
natural effect of the American com-
bines, were our tariff lowered,would be
to flood to market with an inferior art-
icle at a higher cost. Notwithstanding
the duty imposed by the present tariff,
it is a fact worth remembering that oil
began to sell at $20 per barrel, which
to day can be bought for 86 cents. In
*view of these facts, it would be well for
Parliament to pause before materially
reducing the duty,—at least until our
native industry be more fully devel
oped; because we have in Ontario abun
dant fields for investment of capital,
which are said to coyer 25,000 aeres
of laud and to be worth $5,000,000.
While therefore the consumers ought
to he protected against undue taxation
:for the support of monopolies, it is of
the highest interest to Canada that
its native industries should be devel
oped to their fullest extent, and that
the benefits already accruing from the
National Policy -should be preserved in-
.taet'against all foreign competition.
Since the above was written,,Parlia-
.inent has reduced the duty on Coal Oil
and binder twine for the benefit of con
sinners.
DR.
Joseph Sirldall
D. C. McIntyre
Vtrm. Robson.
Thos. Cowan
Mr. BaII.
Edward Carleton
John Patchen
AMOUNT.
$6,000
. 3,500
....8,700
9,000
5,000
estate........ 500
,.... 500
33,200
These alleged losses cover a number
of years. The loss said to be sustained
on Joseph Siddall's account was
brought about by the fact that Shipley
accepted a second mortgage on Sid -
dell's place—a farm of 224 acres, sitna-
ted at what is known as Siddallsville,
about five miles from Ailsa Craig.
On the farm there is a large mill, but
this was badly damaged a year ago
owing to a flood, and has not since been
repaired. The first mortgage on the
farm calls for $9,000 and it is thought
that the place is worth more than this
amount, and hence that the $6,000 is
not a total loss. In the case of D. C.
McIntyre, the facts are similar. An-
other second mortgage of $3,500 was
accepted by Shipley on McIntyre's 100
acre farm in East Williams, Shipley
holds Wm. IRobson's notes for the 8,700
odd dollars. Robson was a grain buy
er, and had been doing business in
this section for ten years. Robson is
now a dealer in eggr and butter in
Loudon, having a store in Market
Lane. Thos. Cowan, who is said to be
a debtor to the Shipley Bank to the
tune of nearly $9,000, is a cattle drov-
er. Shipley and Cowan speculated to
other in cattle, and sustained heavy
losses thereby. Cowan, who resides in
Ailsa Craig, is very indignant that he
should have been connected with the
statement made by Shipley. He de
nies that his indebtedness; is anything
like what it is claimed, and says it is.
not more than $1,700. Shipley charm-
ed all their losses to him. Cowen of
firms. The loss credited to Mr. Ball,
came about, Mr. Shipley says, in this
way: -Ball was managdr of the Bauk
of Commerce, in Lucan, and borrowed
$10,000 from Shipley on his own ac
count. With this he went into buy
ing Pacific stock and lost, and Shipley
back. Theu in
received
but $5,000 c T e
eG$
a settlement arrived at in the Car-
leton estate, a form, a loss of $500 was
sustained by Shipley. : John Patchen,
of McGillivray, near Lioury, was an-
other farmer who failed and left Ship'
ley his creditor to the extent of $500.
There; are numerous ` securities held
by Shipley which may er may not
prove valueless. There is said to be
nothing in the bank books to show for.
some of the losses:
SOUTH HURON
FARMERS' INSTITUTE
Public meeting of the South Huron Farm -
ors Institute Rill be held in
DASEIWOOD, March 7,
EXETER, March 8,
VARNA, 11,1arch 9,
SEA.FORTH, March 10,
Commencing at half past ten o'clock each
day. Addresses ou practical subjects will be.
delivered by C. C. James, Toronto, Deputy
Minister of Agriculture, late professor of
chemistry at the Agricultural College,
Guelph; T. J, Dillon, Superintendent of the
experimental creamery, Mount Elgin; C. M.
Simmons, Ivan stock breeder and shipped ;
David Buchanan, editor of the 'Canadian
Live Stock Journal, Toronto; John Burns,
Sirkton, subfect,Road Making ; Wm.John-
sten, Blanchard, subject,• Ontario farming
compared with that of the Western States.
A choice musical programme will be furn-
ished by the local committees, ,in connection
with the evening meetings' of each place.
For full particulars see programmes.
J. B. HENDERSON, JOHN HANNAH,
President. Secretary
Ailsa Craig Bank F'ailllro1
The eight or nine hundred habit-
ants of theantiquated village of Ailsa
Craig, up in the north west corner of
Middlesex: County, and the matey
wealthy farmer iesiding'on' the rich
farms which sm•round the snug hamlet,
have an all absorbing topic, which ev
.cry one is discussing—at the hotels, in
the store.s and shopl, and on the streets.
'The Shipley bail: failure has Caused
an excitement, the like of which Ailsa
+Craighas not undergone for veers—
.if ever previously. Every story, re
garding the condition of affairs is
eagerly listened to, and invariably the
;listener has something to add thereto,
+Por perhaps everybody in the Village,
as Concerned Gnat) cm! ly in the failure;
..either themselves oe relatives having
loss sotntthing. As might be expected
the rumors e,re-often widely different
Fin point of the main facet, and when it
climes to detail they are simply wild.
Mr. Jellies Shipley, the owlior of the
Junk, comes in for a great deal of
Iseverus critieism, particularly ;among
.the men who it aroundthe stoves in
the hotel bar rooms, and who yery
THE LIABILITIES.
The liabilities are stated to be $92,
000. Over 100 people, many of, there
young men, had in the bank what 'the
villagers call a "nest egg"—the "eggs"
varying in value all the way up to
$200. The heaviest loser is 141r. Wm,
Fraser, of McGillivray. Mr. Fraser is
he owner of 200 acres of land, and
had over $11,000 laid by in the Ship,
ley concern, and for which he came in
order to be able to pay for 200 :ares of
additional land for which he had bar,
gained. Daniel McCubbin, of East
Williams, is the depositor most deeply
interested next to Fraser, having had
$7,000 in the Shipley bank. John
:Donaldson, e. farmer, had $3,000 depos•
ited in the hank; W. Stephenson, $1,-
500; Dili,. I hllip Rosser, $500; Puter
Douglas, $1,100; Airs, Stewart, a wid
ow, $1,301'; Alex SEewart, $1,500; lino.
Leitch, $2,000; ROM:. Lei tells WO; Jas,
Stewart, $1.000; Geo. Morton, $1,300;
Win; Bowman, $300. the 'pricy of a
tertm of hof;ser he had sold but a few
week ago; John Eynon $4,000) off
which $400 was the proceeds of the sale
of a team of horses to a Montreal man
but a day or two lel"oroi Robinson
Twiddle , $1,500, the Mi1ses Oyetholt
Hiss Lottie Bretnticy
Is the sister of Mr. W.S. IIuntle
Cortland, N. Y., a well known cof
ar
to ntcr and builder. Her, frank state -
merit below gives only the absolute
truth concerning her illness and mar-
velous recovery by the aid of Hood's
..,•znsaparula. She says:
"0. I. Hood & Co., Lowell, Mass.:
Dear Sir: Twelve years ago I began to
rave hemorrhages and four years ago became
lcss• that the physicians told me
There Was; No ,Hopo
t;,ud 1 should soon die. ' I could not bo moved
from any bed. Under my face were napkins
o Linuad,, ii ddened with blood froth my
month. t e pcE•let eat like.312e „ and had no
,tt`innof the bowels for a ween, J:hedoeters
..`ei. ,:ho cnuso was ulcers in the stomach. At
tri 0 time myanother said she Wanted to make
,m.: more r1,1, 'incl asked if I would take
har,nparilla. I told her it would bo
A PRIZE
,ikir .e+t •... y,„ahYld#a�ld r k '4r ailok ,+
PORTRAIT ' PUZZL.'E:
rind Tho Grandmothers
The
inn'^• lady in the above cut has a grandmother whose picture is combined in the
ahoy. ppi i t1 it. 1 t yon can tied kine Cb•andiunther in the ,hove Portrait you may receive a
row oitxh h,w11p,,j;mut; til A,,.0oryou a ;».
11 1t p,l 1 of t • Tette 1, t Ic1Nn1:1.1 oOPur '•i
ttier a lrstelass Upright
Piano:r 1» 4.?a
1a4)11e.ire. to the. person who ctut first Lind
the grail (Ili i j . , ro-;i et^d ofa pfar of .-I., t tt.oaac.l l ar-1':biiimry to the sceond petson
11,110 0 ti11atltegroa1110Oen Acomplete l,la'ti.0e$-aColunwloitti
Oultei,e to fife tlurl parson with ran 11110 the grandmother. A Cecil d 'Watch for each
of the next two Moho call '11a1c1 the grandma her. An elegant Gold I3r000lz (Solid
Geld) torceeh of the poet Live why can find 111RI' andntotltr".
B,aeu Coeds' 1 t• t autut cul the Portrait Puzzle and. make a cross with a lead -pencil
4 or fns on the gl all(hi the s eye aid mouth.
Everyone sendiier an answer must enclose with the same Teri three -cent -stamps (or
t t silver; far imeecmntths'subscriptiontothe l t.i n:s' Hoene MONIlirv, °amide's
m cones fi s ) ;n •.e 01f that persons -
mostp pul•a'jnulit I 'F'tt,datr cCpiSt-ntaldcouletters lst,ilenprttcolh t P
living at a distance have lust t3 good an opportunity of shining e vehiahlo prize. -
hor the person who cap find the graudul 1lter that is received last is offered
ib SexType:writ en For the next to the last will be given a Solid. Sillier
Batch. To the tilled, fourth, fifth and sixth fromthe last received with eurrect answers, -
willreceiveeachaFeoilelnectel Brooch.
if there should be a
s m
anny
a
s two h
undred persons
sending
correct answers, eacdwill ull
dhe awarded `t1. 'aa11LIcprize. Names farht.rreceiving leading -prizes. will be pub -
'fished in our nest issue. ll)xl ra premiums will be offered to all who are w[lling to assist 01
increasing the subscription list of this p,pular journal. The object in offering this Prize
Puzzle is to attract att>utinu, and to introduce 000 publication. Perfect impartiality is
1 guaranteed in giving the rewards. Answer to -day, and enclose 30 cents and you inay win
one of the leading prizes. Address,
(69) LAMES' HOME raMTI' LY,
182 King. St. West, Toronto, Canada.
am l t) ?`x -V,, , c� C, c',-.v`I?."it:7.1l' .a,' .. '^ww"'u"'°..
When in need of a
FALL SUIT
iiiterOv OT eo at
CALL ON
BERT. KNIGHT,
The Clothier,
Who. gives the best satisfac-
tion obtainable in
the village:
He also has a
StNit Select from
In his quarters:
Over F. J. Knight's Grocer
Store.
Your Patronage Solicited.
BERT. KNIGHT,
11TflAL r1Ut+ TOflL
A complete stock of
Pure and Reliable Drugs
ALWAYS REPT.
—.t—
Pa(egtLIgician, So11EJes,
Druggist's $llJj}11e6
At right and reasonable prices.
Prescriptions
and Family Receipts
Carefully Prepared.
WMi's Cortlitiofl Fowthr
the best in the market.
C. LUTZ, PROP
THE BEST
GROCERIES!
/a+8 Gr itiaa.0.o., of tlfi8onsy
but f iz.b.1; it would comfort her, 3'. began take ;
1n, It. in a few days the muting, began to
C' earnt:d io feel a little stronger, but
though., it o.:ly fanny. I was so weal: I could'
n11y tale tail drops of S0tsap'tt•itla at first.
In two Weeks I was able to sit up a, few min-
Pi.'s evat y day. 111 a month ft cGet•::l'ae walk
tncrusier eke ou'erw. One day I Asked What
gray were to have for (liai.t 1;, and said I
Wanted ,something heart. Biy mother was
30 happy sl le cried,. It wan the
First `u irtutfs 11�y had VogtFr;t.,r;6
try .iron d vvo '3r46itu'i
I kept on wait Heed's Sarsaparilla and in sit
trio,11114 was as wen as ever Iii my life. It is
n0'.1 feet yans 31 nee 1 recentred, and. I have
net hail a i0I,Vt1s knessSince,norany honor,
iii t7 p. b, Over r buin rl b Iter. thadl ed the
goodW
1Lordl11' n bender" kneest01'01was
tintsallkon(e,
tuign ,ricnlbly til ,ane aa7 r i ,nidi."
•Irfcartra. Sager do ltmnlntn,the'Oroll known
d4nip;lsts oA (O ll end, 117 ti et 10.1 Huntley "is
a 1t initis respected naris; ;'her atatcine,lt of what
Has done for ler' is woothy Inc higioe cone.
,0141.5a: ' e 411 This owe Liver axis.
AND
WHERE
TO
BUY
THEM.
IS AT THE
PEOPLE'S
GROCERY
AND
LIQUOR
STORE
F. J. KNIGHT,
—Proprietor --
New goods are ar-
riving every day,
therefore leaving no
chance for old stale
groceries being sold
over the counter to
our c u s t o m e r s.
Whatwwant ant and
what we intend to
o
is to sell the best
Goods only.
One Door South Opera Hall,
.LACE
GROCER.
[ANSON'S BLOCK, Exeter Ont.
There is nothing
we pride ourselves so
much on as knowing
that we keep the
Freshest and best
selected. Stock of
groceries in Exeter.
al-1u.�+
HARi�rESS hEOHE
POW D ENS
ure
ALL HEADACHt.
dhey aro not ,advet,.
t,sed Eo o rre everyk
tlptry/,inatstnrply head.'
aoliei6. 'lbyj thetas it •
u ill cost but $G pents
fur a box ane they e •
harmless.
They are not a Cathartic,
READ AND LEARN,
That our Planing Mill, Sash Door & Blind
Factory is 1Gtted 1lp with the latest oni prose
meats. We,aro prepared to do planing and
matching, bandand scrollsawing turning
moulding, grooving and ey11 kinds of meoh-
ine work on shortest notice.
In our LUMBER YARD you will find a
largo and well assorted stock of all kinds of
building mate111111 , fine mi0 hent1oolcnum-
bei• dressed and not dressed. See our stook
of x,e and x x x Pine Shingles m anutuetured
by the best makers in Ontario: We also leave
a large stook of A 1 Cedar Shingles which
are exoellen t value, blo,1 Pine Lath con-
st(tnfly in Stock We have 11 large stock of
barn sash which we can furnish with or
without glass, We are fitted up with mach-'
inery speotally adapted for making till kinds
of Tanks and Cisterns, which wocan furnish
to our customers on short notice. We show
something new in this line fur watering cat-
tle in the field or barnyard.
Our celebrated. Baking Cabinet is still at-
tracting couch attention, and giving entire
satisfaction whenever used.
Call and examine the above named stook,
all of which will be sold at lowest prices
• ROSS & TAYLOR,
Main St., Exeter
Fresh .. .
Salt -water
Fish .
Arriving .
Almost every day.
®YSTE S, in can or bulk.
CANNED GOODS of' all kinds
constantly on hand.
M. Vincent, prop.
..759000.00.
—All
who want—
CHEAP
persons
CHEAP > •t: g1 E Y
at 511, 6 and 63 PER CENT should call
—at the—
Of±loo of R. II COLLINTN
—THE—
TRAL---
; SHAVING
‘-1 ---PARLOR:
EXETER; = ONTARIO.
A. Hastings, Prop.
Every attention paid to
Ladies' and Children's'
Hair Cutting.
.4L 1Iastin ..
Men's, . .
Boy's .
and Children's
Hair cut in the latest style,
Ladies' Knots, Bangs an
Switches made to order
E. H. FISH, Barber,
—AGENT FOR THE—
PARISIAN STEAM LAUNDRY.
W. G. Bissett's Livery.
First Class Horses and Rigs.
SPECIAL RATES WITH
COMMERCIAL MEN.
Orders left at Bissett Bros.' Hardware
Store, will receive prompt attention.
TERMS - REASONABLE
A TRIAL SOLICITED.
W. G. BISSETT
CHRISTIE'S
i3ERCIAL) LIVERY !)
First Class RlGS And HORSES
ORDERS LEFT AT THE HAWK
SHAW HOUSE OR AT THir '
THE
WILL BE PROMPT.LY ATThNDED T0.
Termor - Mea,soaaa ei
Telephone Connection
McDON ELL
ctzt
C
H1 OTIH1 �C- S.
Having' renewed our lease of the store and been request
by our numerouspatrons in Exeter and vicinity to con-
ed determin-
ed
we have decided to remain and are determin-
tlnue-business,
e with the choicest stock of Hardware in
ed to -'fill the store
We will. commence once and will never. let up
Ontario. -
W e
wonderful bargains in Hardware and Tinware.
on most wo
will open the EYES ES OF TT -1E TRADE and tickle clle the hearts
Goods must go. • Hardware and tinware
U>' our GL1Stomer S.: (.�r00 : , a ' �+ cr
pricesthatmust fetch intending
will move at so reduced
purchasers, We make no mistake. When we say a thing
generally uI
We are �,m lderstood to mean it. Stoves are right in
our line, and we are leaders in furnaces.
L
1
OTI—IE