HomeMy WebLinkAboutExeter Times, 1912-7-11, Page 3'ORO\TO OORRESPODECE
INTERESTING GOSSIP FROM TUE CAI UUrAL
OF ONTARIO.
Toronto's Acting Mayor--TIie i6 Twelfth °" and the
City Nall --Travers vs. Ryan -New Chair -
.man Dominion Railway Board.
Controller "TomrEag" Church, President
of the Council' in the abseuoe of Maler
Geary, is one of the oharactora of To.
Tonto. Many people refuse to takehim.
tierionsly, but despite their jeers `Tommy"
always turns up with sufficient votes to
elect him to whatever position ho• is runs
ulna for.Years ago when "Tommy" wae
a carefree Varsity undergrad (he spent
most of his timerooting for the football
teams, and it took him several years be,
gond the allotted four to got hie degree)
he declared that he proposed some day
to be Mayor of Toronto Well, he is act-
ing Mayor now and going strong.
"Tommy" is probably thechampion
handshaker in Toronto.. He also holds the
v. record for making introductions. lie in-
troduces every two men who oolue together
r
in his presence, .generally regardless of
Whether they areliable to want to know
. eaoh other, or whether they have ever
mot before. His method is something like
this; "Shake hands with Bill, Smith, one
of our cleverest lawyers; fine fellow; go-
ing to be a judge next year. Bill Snaith,
'tom Jones; fine fellow. Tom Jones, Cobalt
millionaire eh, Tom." All this and muoh
more in the 'same vein, delivered in . a
staccato style, maxim gun speed. He is a
senfallower"of sporting events, and con -
Stagnantly has a strong following among
a certain class o>"`'"the young blood:
Like many another man who looms large
• in the public eye, "Tommy" has been, wine
enough to uWo the newspapers judfeiously.
Be got him self„into , the favor of one by
doing its bidding.ang
It boosts him hard.
Be is attacked just as bitterly by others,
• but it's all grist for "Tommy's" mill. Pu-
blicity of any kind is the very thing that
he thrives beat on.
DOINGS ON Til3"TWELF"LIL,"
The Twelfth of July i5 always roe of.the'
biggest days in the year in Toronto. The
parade is a real .parade, participated in
by many promineht ditizons. A census of
the City Hall offices taken.dnring the cele-
bration would reveal' the . fact that they
were all largely deserted, for the civic
service in every department . is full of
Orangemen. It is no uncommon thing to
hear city laborers as they go about their
work whistling "the Protestant Boys' or
some such stirring tune. The officials are
Oranee because generally a majority of
the Couocil are Orange, as are also the,
heads of departments. In form, if not in
epirit, It is the nearest approach to a
"machine," politically, in the city. .
TRAVERS AND MR. RYAN.
The last echoes of the Farmers' Bank
prbmiee to be as unsavory as were the
beginning. In its last days the inquiry
has dwindled, as far, as publio interest is
concerned, to the destination of a $3;000
cheque, regardless of what is to be done
about the million dollar losses of share-
holders and depositors.
It Is safe to say that most people would
• swept Mr. Peter Ryan7.e•words as against
the unsupported assertions of Mr. Trav-
ers,
ravers, and the first effect of the latter's tes-
timony was, therefore, to just further be-
fuddle the situation in the publio mind,
Mr: Ryan was a fellow Registrar with
Beattie Nesbitt, but they never pulled to-
gether • well. The latter seemed to have
a "grouch" against his co -laborer. Mr.
Ryan has plenty of other .enemies, for he
has used his influence on many occasions.
against political candidates within as well
as without his own party. He is also dis-
liked by the banking interests, as he has
been particularly outspoken in his de-
• nunciation of sthe Canadian system of
banking, particularly since a big law-
euit he had some years ago with the
Bank of Montreal. There was, therefore,
likely some quiet ohuiekline .when the for-
mer bank manager cave his evidence.
In the old days Mr. Ryan was one of
the most eloquent stump speakers in On-
tario, but for many a day he bas been
a quiet Registrar, though the office has
not buried altogether his characteristic
Irish wit.
MR. DRAYTON PASSES on
Toronto expects great things from Mr.
H. L. Drayton in his new position s
Chairman of the Dominion Railwaty, rill Pundit*, Toronto, Ont.
Board. As oue writer says, he should
have been born triplets: For Toronto
needs him, the Province needs him, and
the Dominion, needs him,
The loss to`the city is a real one. While
he has occupied the post of Corporation
Counsel for only. about . two years, the
Coulson and all the depertraeatsof civie
government had come to lean on hia judg.
meat to on unusual degree, It is difUeult
to analyze the elements of his character
which have madehis success so conspicu-
ous. .Iso gives the impression of not be-
ing a hard worker. But that is no doubt
a" false impression. It doubtless arises
from the fact that he, has an exceedingly
equable disposition, by which he never ap-
pears to be flurried or hurried or any of
the other things whichman exouse by
saying they aro so busy and hard -work.
ing.
There is no- doubt' that his mental oa-
pacity is of high order. Fellow -lawyers
tell of him coming into court to appear
in cases which hecould;not .possibly have
known anything about in advance, He
would listen to the argument of other
counsel, and inside twenty minutes would
demonstrate that he had .grasped all the
salient points at issue and had mastered
even the details. This ability is, of course,
just the quality that is pre-eminently re-
quired in the new position he has gone to.
Mr. Drayton has no hobbies. ' He likes
horses and sometimes rides with the Hunt
Club. He' enjoys, too, a quiet afternoon
at the race track.
His training hasbeen such that his
sympathiesought to be with the publio
as opposed to corporations. It is safe to
sass that no lawyer has ever given To-
ronto more efficient service inthis regard.
In bis new field,, however, his functions
wilt' be judicial rather than partisan.
Mr. Drayton is a son of Mr, P. H. Dray-
ton, also a barrister, and in recent years
a member of the Toronto Board of Assess-
ment Revision.
WATERWORK'S GROWING PAINS.
Toronto's waterworks department is hav-
ing growing pains. Last summer 50,000,000
gallons a day,'the pumping plant's capa-
city, was just enough to supply the city's
hot weather needs. This year the town
has 30,000 or 40,000 more People and the
plant has the same 50,000,000 gallon -a -day
capacity. The answer is easy. Something
had to suffer. But next summer we are
told the plant will be big enough.
MAYOR GEARY IN ENGLAND.
The'announoemeut that Mayor Geary in.
tended to accompany City Treasurer Coady.
to England for the purpose of participat-
ing in a flotation . of City of Toronto
bonds, aroused more widely -spread oriti-
cism than any previous act . of hie Wor-
ship who has, during his two and a half
years in office enjoyed unusually general
support for ,all his public acts. There
was little of personal feeling against the
Mayor; butpeople were nervous about
having Controller Church left to boss the
job: they were nervous, too, about the
water supply. and about some of the other
important public works atpresent under
construction. Under the circumstances
the feeling was that the Mayor might
have foregone the trip, which, it was
thought, could be little else than a sum-
mer holiday.
GET ACQUAINTED WITH YOUR
NEIGHBORS. '
15 you are genteel in appearance and
courteous in your manner, you will be
welcomed in every home in your locality.
when you are showing samples of our sn•
perior toilet goods, household necessities,
and reliable remedies. The satisfaction
which our goods give, places the users
under an obligation to you, which wins
for you the same respect, esteem, and in.
timate_ friendship given the priest, physi-
dian, or pastor, and. you will make. more
money from your spare time than you
dream of, besides a hoot -Of friends. •
This is your oPPo?tainatyfo
r 0. pleasant,
profitable and ,permanent business. Ad-
dress, The Koine Supply Co., Dept 20, Mei,
100 FAMILIES TEED BELIEF
�`,egina I
Being Rebuilt ---O.. P, R. Will
Erect 500. Houses
A despatch from Regina, Sask.,
says : The city officials in, various
committees have been working ever
since the catastrophe with but a few.
hours' sleep. A complete canvass
has been made as to the necessity
for relief. Immediate relief is need-
ed for some 100 families, while more
will be added to the list later.
Many who really meed the relief are
probably concealing their needs,
and will not apply for help unless
urged by actual want. Hundreds
of other victims'of the cyclone are
being. kept by friends who can ill
afford it. A large portion of those
whose residences and property were
4 devastated are wealthy or well -to
. do people who, while they have re-
eeived a severe setback, are not in
actual want, and while they lack.
shelter of their own, are - being
housed by relatives or friends.
Six automobilesare kept busy in-
vestigating cases for relief and dol-`
ing out previsions. , The majority
of the homeless are being provided.
for at private houses, but there are
still hundreds sleeping inthe public
schools and various publio build-
ings and in tents on the site of their
former residences.
The .0-P.R, have established a re-
cord in building: their freight sheds.
The sheds were almost a total
wreck and their ,whole yard was a
scene of devastation. The yards
are already nearly cleared, and
five hundred carpenters 'have work-
ed with feverish hasteso that the
sheds are now , practically com-
pleted, The city, has:' decided to
build a corrugated iron warehouse,
which will be rented to firms unable
to find 'acconimodation.
The railway eficials decided to
erecta large number of residences,
and they settled on plans for two
classes of buildings, one a two-story
house . to cost about $2,500, the
other a bungalow costing about
$1,800. If necessary they will build
five hundred ofthese houses. Ten-
ders for the houses have been called
for, and work will be started at
once. It is hoped to have some
completed within ten days.
Over a thousand carpenters are
now at work, and more are pouring
into the city on every train, All are
being put to work. Hundreds of
bricklayers are also busy and the
residences which were slightly dam-
aged or do not have to be torn
clown are being patched up for im-
mediate occupancy in remarkably
fast time.
The , board of the Methodist
Church have arranged to go ahead
at once with the re -construction of,
their church. They propose occupy-
ing a building. ofsimilar propor-
tions on the old site, with few
changes in detail.
The task of removing the debris
will be slow, on account of the
heavy stone and timbers, which are
wedged in a mass of .wreckage from
three to twenty feet. high. Inspec-
tor Fans has not yet gone over the
ruins of 'Knox Presbyterian Church
and could not say if portions of it
were ,'safe to rebuild upon, It is
quite likely it *ill be torn down.
Work .of . re -construction on the
Baptist Church will cost about $10,-
000, and: is ; being; rapidly pllsheal.,
New pipe organ remains intact. The
:Government is working on the new
telephone exchange, plans for which.
had been drawn up some months
PRICES OF FARM PRODUCTS
flEPORT8 FROM ,THE $.EAD1N * TRADE
CENTRES 01' AMERICA,
Priot's of Cattle, Craln, Cheese and Q*hsr
Produce at Homo and Abroad.
BREADSTUFFS.
Toronto, July 9.-Flour--Winterr, wheat,
90 per Dont, patents, $4.20 to $4.26, at sea•
board, and at $4.25 to $4.30 for home con•
aumption. Manitoba Sours -First patents,
$5.70; second Patents, ,$6.20, and atrong
bakers', $5 on track, Toronto.
Manitoba Wheat -No, 1. Northern, $1.14,
Bay ports; No. 2 at $1.11, and No. 3 at
81.07, Bay ports. Feed wheat by sample
is quoted ea 64 to 65e, Flay ports.
Ontario Wheat -No. 2 white, rod and
rkiixed, $1.05, ontsid%
Peas -No. 2' shipping peas, $1.25, outside.
• Oats -Oar lots of No. 2 Ontario. 47c, anti
No. 3 at 46o, outside. N. 2 Ontario, 49 to
50o, on track, Toronto. No. 1 extra W. 0.
feed, 481.2o, Bay ports, and No. 1 at 471•2o,
Hay Ports.
Barley -Prices nominal.
Corn -No. 3 American yellow, 78o, on
traok, Bay ports. and at 82e, Toronto.'
Aye -Prices nominal.
.1Buckwheat-Prides. nominal.
Bran -Manitoba . bran, $22, in bags, To-
ronto freight, Shorts, $24.
COUNTRY PRODUCE.
Beans -Small lots of hand-picked, $3 per
bushel; primes, $2.65 to $2.75.
11 per
Honey-Eaitractecl, intins, to13o
lb. • Combs, $2.60 to $2.75 per dozen.
Baled Hay -No, 1 quoted at $17 to $18,
on track, Toronto. No. 2 at $15 to $16,
and mixed at $11 to '$12.
Baled Straw -$10„ to $10,50, on track, To -
Tonto.
Potatoes -Oar lots of Ontarios, in bags,
$1.60, and Delawares at $1.70.
Poultry -Wholesale prices of choice
dressed poultry:-Cli1okens, 15 to 170 per
lb.; fowl, 11 to 12e; turkeys, 16 to 16c, Live
Poultry, about Bo lower than the above,
BUTTER, EGGS, CHEESE.
Butter -Dairy. choice, 22 to 230; bakers',
inferior, 19 to 20o; creamery,' 26 to 27o for
rolls, and 25o for solids.
E new.laid,per dos.,
Eggs -Case lots of new aid 23o
gg
,
and of fresh at 21 to 22c.
Cheese -New cheese, 14 to 14 1.4c per lb.
HOG PRODUCTS.
Cured meats are quoted as follows: -
Bacon, long clear, 14 to 14 1-4e per lb., in
ease lots. Pork -Short out, $24 to $25; do.,
mess. $20.50 to $21. Hams -Medium to light,
171-2 to 18o; heavy, 161.2 to 17c; rolls, 13
to. 131.2o; breakfast bacon, 181-2e; backs,
20 to 21c.
Lard -Tierces, 13 3.40; tubs, 140; pails,
141,2o.
MONTREAL MARKETS. '
Montreal. July . 9. -Oats -Canadian West-
ern, No. 2, 511-2c; do., No. 3, 49e; extra
No..1 feed, 501-2o. Barley -Manitoba feed,
641-2 to 65e; malting, $1.06 to $1.07. Flour
--Manitoba Spring wheat patents, drats,
$5.80; seconds, $6.30;. strong bakers', $5.10;
Winter : patents, choice, $5.40 to $6.50;
straight rollers, $4.95 to $5; do., bags, $2.-
40 to $2.45. Rolled oats -Barrels, $5.05;
bags, 90. lbs., $2.40. Bran -$21; shorts, $26;
middlings, $27 to $28; mouillie, $30 to $34.
Hay -No. 2, per ton, car lots, $19 to $20.
Cheese: Finest Westerns, 127-8 to 131.8o;
finest .Easterns, 123.8 to 126-80. Butter-
Choicest creamery, 25 to 251.4e; seconds,
24 to 241.2c. Eggs -Selected, 25 to 260; No.
2 stock, 15 to 16o. Potatoes -Per bag, ear
lots, $1.50 to $1.60.
'UNITED STATES MARKETS.
Minneapolis, July 9. Wheat -July, $1.10;
September, 21.03 3-4 to $1.03 7.8; 'December,
$1.041-4; No. 1 hard, $1.12 3.4; No. 1
Northern, $1.12 to $1.12'1.4; No: 2 Northern,
$1.101.2 ,to .$1.1Q3.4. No..3 yellow corn, 72 to
73C. No. 3 white oats, 481-20. No. 2 rye, 700.,
Bran, in 100 lbs. sacks: $21.00 '10 $21.50:
Flour, first. patents, $5.40 to $5.65; 'second
patents, $5.10 to $5.35; first clears, $3.80 to,
$4.05; second clears, $2.70' to $300.
Buffalo, 'July. 9. -Spring wheat; No. '1
Northern, carloads, store, $1.16 7-8; Win-
ter, 'scarce. Corn, NM 3 yellow, 781.2c;
No. 4 yellow, 77c; No: 3 corn, 761 -4 -to 77 1-4c;
No. 4 corn, 74 3.4 to 751.4e, all on track,
through billed., Oats -No. 2 white, 64 3-4o;.
No. 3 white, 53 3.4o; .No. 4 white, 62 3-4c:
LIVE . STOCK. MARKETS..
Montreal, July '9. -The top price realiz-
ed for choice steers was $7.50, but the bulk
of• the trading was done in good stock at
$6.00; $6:50 and $7.00 per cwt., while the
FORTY -OSE PEOPLE BILLED
And Fifty Were Injured in Passenger Train
Wreck Near Corning, N. Y.
A despatch from Corning, N.Y.,
says s Westbound Lackawanna pas-
senger train No, 9, from New York,
due to arrive at Corning at 4.47
a,m., composed of two engines, a
baggage car, three Pullmans and
two day: coaches, in the order
named, was d'einalished at Gibson,
three, miles east of Corning' at 5.25
o'clock on Thursday morning by
express train No. 11, due at Corn-
ing at 5.10 a.m. Forty-one persons
were killed and between fifty and
sixty injured. Many of the victims
were holiday excursionists bound to
Niagara Falls, who had boarded the
train at points along the Lackawan-
na from Hoboken to Buffalo.
The wreck was the worst in the
history of the road. Itis cause, ac-
cording to Engineer Schroeder of
the express, was his failure to see
the signals set against his train.
The. morning was a foggy one, and
he said he could not make them out.
The wrecked train stood on the
main 'track blocked by a crippled
freight train. There was no flag
out, according to Engineer Schroe-
der. The signals, which he de-
clared was too e a foggy to roe, were
ustiun r • curve.
0. o a th e.
Schroeder had taken train No. 11
at Elmira fifteen minutes before. It
*as a few minutes late. The stretch
of track from Elmira to Corning is
fitted for fast running, and be was
sending his train along at the rate
of 65 miles an hour. No. 9 was sup-
posed to be half an hour ahead of
him. He never had any warning
until he made out the outline of the
rear coach of No. 9 through the fog
that was crawling up the mountain
from the river far below, He saw
the lights ahead and threw on the
reverse without shutting off the
steam.
The jerk threw the train off the
track, and the locomotive plunged
on a few rods further to splinter the
two day coaches filled with excur-
sionists and tear through the last
of the Pullmans. Schroeder said
that the impact was eo great that
it threw hind frons, the cab and land-
ed him on his shoulder on the road
bed, practically unhurt.
The 100 -ton monster continued its
t
plunge through the middle of the
train, grinding everything in its
path. It seemed as if it would cut
through • every car. Then when it
was finally blocked by a mountain
of debris piled in front of it, it re-
mained on the .roadbed in the midst
of the desolation its plunge had
created, while thousands of persons
rushed in every kind of vehicle to
the scene to lift and pry the dead
and injured from the tangled masa
of wreckage.
Thirteen of the injured and ten
of the dead were taken to Elmira
on a special train. The other dead
were taken to undertaking rooms in
Corning and the remainder of the
injured were conveyed to the Corn-
ing City Hospital. There a large
corps of doctors and nurses worked
rapidly and efficiently. All the.
physicians in the city were summon-
ed,many nd i
a min stere and priests
were, calle
d to administer last sacra-
ments and receive-lnessages for re-
latives and friends from the dying.
Mast of the bodies . were badly
mangled, ,their condition testifying
to the terrific driving power of
Schroeder's engine as it crashed
through the fated train. The cars
themselves were one heaped-up
mass of wreckage, • telescoped into
each other. The last two cars on
No: 11 remained en the track and
later were used as hospital
coaches.
The people of Corning have open-
ed their homes. ,to• the injured who
could not find accommodation at
the hospital, or whose injuries were
too alight to warrant their crowding
other persons from the institutions.
common and inferior sold from that
down to 43.60 to $4 per cwt. Choice butch-
ers' cows sold at $4.00 to $5.00 per cwt.
Bulls, from $3.00 to $3.50 per cwt. The
market for sheep and lambs was weak-
er, and prices ruled lower, with sales of
the former at $4.00 to $4.50 per cwt., and
the latter at $4.00 ---to $5.00 each. Selected
lots of hogs at $8.5b to $8.75 per cwt., and
mixed. Iots as low as $8.00, weighed off
cars. Calves, $3.00 to $8.00 each.
Toronto, July 9. _ Cattle - Exporters;
choice, $7.60 to $7.75; bulls, $6 to $6.25;
cows, $5.50 _ to $5.75. Buteher-Choice, .87.
50 to $7.65; medium, $6.50 to $6.90; cows,
$5 to $6. Calves -Steady, $7.60 to $7.85.
Stockers -Steady, $4,50 to $5.75. ' Sheep -
Light ewes steady .at $4 to $4.50; heavy,
$3 to $4; spring lambs, steady, at $7.75 to
48.70. Hogs-Seleots, $7,65 f.o.b., and $8
fed and watered.
.14
Dr. H. P. 'Dwight, President of
the Great Northwestern Telegraph
Company, is dead.
A colonization road will be built
to connect the Frederickhouse and
Abitibi Rivers.
AMC SAFE I\YESTRAT
THY 1T IS 19101 i SAIISFACTO ,T TO IN-
• VEST THANI° LEAVE HONEY IDLE.
Money Compounded at 6 per cent. Doubles itself
in 'Twelve Years -If Yon Are Uneasy Over
Your, .40,Iti y Leave Int in the Bank.
The articles contributed by "Investor
are for the sole purpose of guiding pros.
peotive investors, and, if possible. 05 sav-
ing them from losing money through
placing it in "wild•oat" enterprises. The
impartial and reliable obaracter of tbs
information may be relied upon. Tha
writer of _these articles and the publisher
of this paper have no interests to serve
in eonnectien with this matter other than
those .of the reader.
"Why,' if investing my money is such
a difficult -task, shouldn't I bury it in the
tion asked arden or byuty some pe it in a plekP" is a ques-
The reason is simple enough, but rather
hard .to explain iu a concise and clear
manner.
You know, of Course, the parable of the
talents, how the man who put his out
at • interest was commended, while the
hapless wight who did his one little talent
of silver up in a napkin and buried it
gots into trouble. Well, in these days
anyone with no more sense than., to bury
their money or keep it in the house, de-
serves to get into trouble.
If one has money it can be put in a
savings hank, and there it will realize 3
per cent. There, if the interest is allow-
ed to compound the money will double
itself in twenty-three years. And at the
saano time if it is required, may be used
quite as easily, if not much easier, than
if it wore buried in a hole in the ground.
That is one sound reason why it shouldn't
be buried. Moreover, the bank is muoh
safer than a hole, even if carefully con-
cealed.
In a bank, however, the income is not
large on, money deposited. The man with
$10,000 gets only $300 a year. If, -however,
he invested that sum - in safe municipal
bonds his income could be at least $476
and With eare he might find several bar-
gains which would make the return about
$525. Now, at 5 per cent.. if he invested
his income, his $10,000 would become $20,-
000 in 16 years, while if he bought indus-
trial bonds to return 6 per cent. his money
would, double in 12 'years and treble itself
in 19 years.
That is another good reason why money
should not be buried. The latter facts Ila.
dioate why it is better to put money in
securities.
Of course, if a man is going to be un.
easy over his money, and would be satin•
fled to have it in a bank, he would be a
fool to take it out and buy bonds with
it, On the other hand, he would ..be more
of a fool if he were to withdraw his
funds in the hope of getting an abnar•
mal rate of interest, for in that case he
will probably end by losing it all, and
that of course, is not the prime aim. of
investing. •
Of course, in investing, as in banking,
or, in fact, in any business, one must rely
on the word of somebody else. No man
who is not in the investment business can
investigate the conditions surrounding a
business or a debenture with any degree
of success. That is why you have to buy
your bonds from an investment banking
house. They have investigated the muni-
cipality. or company, and their lawyers
have examined into all legal questions in-
volved. After that they buy the bonds.
After they have .bought the bonds they
turn around and sell them to the in.
vestor. It is a regular business, just as
is the grocery business or any other. The
bond dealer buys from the producer and
sells to the consumer. If, therefore you
want to invest in bonds you have to go
to the bond dealer. If you cannot trust
him, if you have no confidence in doing
business in this way, don't do business -
keep your money in the bank. If, how-
ever, you are prepared to trust someone,
pick out an investment house and stick
to it as long as you are satisfied with the
way; they treat you. Continually changing
from one investment house to another is
quite as unsatisfactory as changing doc-
tors with each illness, or changing farms
each year. At every change there is a
lot of ground that has to be gone over
again and much time and trouble is sav-
ed by not changing.
Some investors have an idea that by
moving around they get better treatment
-that by offsetting one house against an-
other they may get bonds cheaper. This
may he the ease occasionally, but as a
rule investment houses do not like a
client of this sort, and if they have any
bargains he is the last man to bear of
them, or if he wants to sell his securities
he doesn't get the same consideration he.
would have received if he had bean On,
Stant in his dealings. This is natural arid
is human nature. If a bond dealer thinks
a client is selling his securities to buy.
those of another house he is by no means
likely to give his best price, If he thinks
a man bas tried to sell in several other'
places before coming to him he knows
that he will not have to give his best
price, If you are satisfied with your ip
vestment banker stick to him. 11 pays
in the,long run. Of course, this does not
mean that you .should not buy the issuoa
of any but the house you deal with regu-
larly. Buy others if you wish, but, as a
rule, you will and it more satisfactory to
stick to one house.
TUCIfETT TOBACCO
INTERESTS REORGANIZED
C. Meredith & Co., Limited, Pur-
chase Assets of Old Established
Hamilton Firm.
Announcement has been made of
an offering of $2,000,000 of 7 per
cent. cumulative preferred stock
and $2,000,000 of common of the
Tuckett Tobacco Company, Limited,
.by G. Meredith & Company, Limit-
ed, of Montreal. There will be no
bond issue and holders of preferred
stock take priority on all assets of
the Tuckett interests.
The Company is consolidation of
The Geo. E. Tuckett & Son Com-
pany, Hamilton; The Tuckett Cigar
Company, Limited, Hamilton ;
Tucketts Limited.
These three companies have been
purchased by C. Meredith & Com-
pany, Limited, and reorganizedanlzed
under the name of the Tuckett To-
bacco Company, Limited. The man-
agement of the new firm will remain
in the same hands as the old, Mr.
George T. Tuckett becoming Pre-
sident and Messrs. Witten and
Lamoreaux Vice -President • and
Secretary -Treasurer, respectively.
The properties of the company,
consisting of head office, factories
and warehouses at Hamilton, Lon-
don and Montreal, are valued by
Price, Waterhouse & Company,
Chartered Accountants, at some-
thing over.$2,000,000 more than all
liabilities,
The average net profits for the
past two years was $300,288.41.
This means that after paying the 7
per cent. on the Preferred Stock,
over 6 per cent. will be left for the
Common. It is expected that the
concerns operating under the new
conditions with the profits will
show a natural increase during this
year and next.
The capital is $4.500,000, divided
into $2;000,000 7 per cent.. cumula-
tive preferred stock and $2,500,000
Common. Of this only $4,000,000 is
being issued, the preferred at $95
and the Common at $40. It may be
noted that it is stipulated that any
person subscribing for the prefer-
red stock must also subscribe for a
like number of shares of the com-
mon. Thus it will be seen that
there ispno bonus of common stook,
as is often the case with flotations
of this-nature.�
J
NEVER ANY FAIWRE
DR DISAPPOINTMENT
WHEN
.BAKING
POWDER
IS USED.
CONTAINS NCS ALUM.
COSTS NO MORE
THAN THE
ORDINARY KINDS.
MADE IN CANADA
DOMINION'S AND THE NAVY.
Lewis Harcourt Announces Contri-
butions From Two of Them.
A despatch from London says::
Lewis Harcourt, the Secretary of
State for the Colonies, speaking in
the House of Commons on Wednes-
day evening, announced that New
Zealand's present contribution to
the Imperial navy would be £100,-
000, while South Africa would give
£85,000. New Zealand is also con-
tributing a battleship of the value
of £2,000,000.
OLD SACTRVILLE FORT BURNED
Fire Did $20;000 Damage at Read
of Halifax Harbor.
.A despatch from Halifax says:
Bedford.' at the head of the harbor,
eight miles from Halifax, was badly
damage& by fire oh Thursday night.
The Halifax fire department were
asked for assistance at 11 o'clock
and apparatus was sent up. At 1
o'clock the fire was under control.
Four houses owned by T. E. Roy,
worth $20,000, were totally de-
stroyed and the old Sackville fort is
lso•
a destroyed.
CAN'T ADULTERATE TURPS.
Must Meet Pharmaeopical Require-
ments as a Medicine.
A despatch from Ottawa says:
Notice appears in the Canada Ga.-
zette putting turpentine
underr the
operation of the Adulteration- Act.
When sold for medicinal purposes
it must meet pharmacopical require-
ments. When sold for other pur-
poses it must conform to certain
specifications as to purity, which
are prescribed in the order -in -
Council.
Cumulative Preferred Stock
BUREAU
LIMITED
(Carrying a Bonus of'40 %
Common Stook).
Price and full particulars
will be gladly forwarded
on request.
CANADA SECURITIES
CORPORATION LTD.
Montreal, Toronto, London, Eng.
Secure & Profitable Bonds Paying
J Price Bros. & Company have been in business in Quebec over Ido years. It is
the largest industry in Quebec Province. Their holdings of pulp,and timber
lands are 6,000 miles in extent, and have been valued by experts at over
$13,000,000. The net earnings in 1910 were $448,00o,00o. The new pulp mill
now under construction will double these earnings. Timber limits are insured
with Lloyds of England against fire.
q Price Bros. & Company First Mortgage Bonds pay 6 per cent. interest on
their present price. They will assuredly appreciate in value. Considering
interest return, security, and future increase in value, they are an unusually
attractive investment.
On application we wjll send you literature fullx dcscribina• these bonds,
ROYAL SECURITIES
BANK OF MONTREAL BUILDING .' -': MYONOT4RGE . AND QUEEN
MEETS
R. M. WHITECORPORATION Limo -EDI
Manager L6OUTN6O0n@0RGNaFiv(1SATNLo&AaP0YTaWA
THE NEWS IN A P R,A1RAPH
litS.t't'''1NI NGS. FROM ALL OVER
`UE GLOBS IN
tit.ITSUAL al
Canada, the Empire and the World
in General, Before l Quik
CANADA,
Montreal is • again reaching the
limit of its water supply.
Forest fires' have broken out in
the Porcupine alining district,.
An Ottawa painter was killed in a
collision with an automobiles,
Torontobuildin permits g p It forthe
first half of the year reached $13,-
195,271.
Two burglars • were sentenoed at
Belleville to three years in thus
Kingston, Penitentiary'.
Nearly five hundred foreigners
were utaturalized in Montreal in the
past six months.
Sixty convictions have been se-
cured in Montreal in the 'anti -speed-
ing crusade of the police,
Mr. Robert Sutherland, M.P.P.
for East Middlesex, died in the In-
gersoll hospital, on Friday.
St. Regis, an Indian village, is
terror-stricken over the operations
of an alleged "Black Witch."
The cyclone which devastated
Regina caused heavy damage to
farms for miles outside the city.
Three hundred thousand people
visited the manufacturers' exhibi-
tion_
try n on its through trip ' t
h the.
, g
West,.
A company has been formed in
Montreal to establish achain of
terminal warehouses across • Can-
ada.
The Dominion Government will
give $30,000 towards Regina's re-
lief fund and $10,000 ' to -Chicou-
timi.
The Canadian Manufacturers'
Association sent $2,500 to Regina
and the Bank of Commerce forward-
ed $5,000.
The Ontrio Commissioner in. 'the
north, Mr, J. F. Whitson, states
that the wealth of the land •there is
not known.
The. Dominion Government has
announced Fort Nelson as the
choice for,the northern terminus of
the Hudson Bay Railway ; and that
a connecting line from Montreal to
James Bay will be built.
GREAT. BRITAIN,
Two military aviators were killed
in England, making a dozen deaths,
among British airmen during the
week.
A committee was • formed, with
Lord Strathcona as President, to
promote an Imperial Exhibition in
1915 to celebrate the majority of the
Prince of Wales.
UNITED STATES.
The `Detroit," a gasoline launch
35 feet long, left Detroit to cross the
.Atlantic to St. Petersburg, Russia.
The new Progressive party, form-
ed by Col. Roosevelt, will hold a
convention in Chicago on or about
August 1.
Woodrow Wilson was unanimous-
ly acclaimed as Presidential nomi-
nee by the Democratic National
Convention at Baltimore, following
the forty-fifth ballot.
TRAFFIC AT THE SO O.
First Time That Over 10,000,000
Tons Passes in a Month.
A despatch. from ' Sau1t Ste.
Marie, Ont., ,says : -For the first
time in the history of navigation
the freight traffic through the Sault
canals for a single month has pass-
ed the 10,000,000 -ton mark, the re-
cord having been made in June, the
statistical report for which has just
been issued by Superintendent Sa-
bin. Although the prediction that
the freight movement would total
11,000,000 tons for the month proved.
a little high, it was'close, the exact
figures being 10,747,159 tons. The
next largest month was July, 1910,
when the traffic totalled 8,975,173
tons. In June, 1911, the freight
traffic amounted to 7,476,097 tons.
It is interesting to note that the
amount of freight to pass the canals
last month equaled that for the
entire season of 1893, and is equal
to the full amount passing through
the canals for the first quarter of a
century after the canal here was
first opened. The passenger trade
shows considerable falling off in
comparison with the record of last
year,date. the decrease being 2,324 to
.
SERUM FOR CATTLE DISEASE.
Berlin Professor Claims Discovery
of Utmost Importance.
A despatch from Berlin says:
Prof. Wilhelm Gru el of the agri-
cultural and hygiene g g'
deoar tment of
the University-�o
of Rostock, , states
that he has not only located the
bacillus which causes foot and
'mouth disease, but that he has ass;,,
,,jiscovered a preventive serum mak-
ing cattle immuno. i,ha n 40
a''."t. r
time, wit � elle d'•�settse I'�,�,;
Iaants
r
Grea$ Britain, the rofessor iE1
covery, if suceessful, will be of in-
calculable value as affecting the
live stock industry of thea Empire.
rI