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HomeMy WebLinkAboutThe Brussels Post, 1912-2-8, Page 6A 52'7 INVESTMENT 6j Western Canada Power Co. First Mortgage 5% Bonds selling Mee yield 5,494, This company has perpetual water rights from government on Slave Lake. Plant is located 35 miles from Vancouver and New Westminster, B.C. which cities it supplies with electric power. This year's net earning should be over 3 times bond interest. Can develop Ioo,000 H,P, as needs of rapidly grow- ing British Columbia demand; Engineer in charge --Mr. R. F. Hayward, late of Mexican Light Heat and Power Co. ; President, C. H. Caftan. Directorate, A. R. Doble, Secretary Bank of Montreal; Sir 'Max Aitken; T, J. Drummond, President Lake Superior Corp.; John Hendry, Vancouver; Win. McNeill, Vancou- ver; Campbell Sweeney, Manager Bank of Montreal, Vancouver. Western Canada Power Bonds will appreciate in value. An absolutely safe and profitable investment. Write us for literature with list of bondholders and full information. RrL. SECURITIES CORPORATION LIMITED BANK OF MONTREAL BUILDING - YONGE AND QUEEN STREETS R. M. WHITE TORgNTO MONTREAL -0U HALIFAX -OTTAWA Manager LONOoN (ENG.) ( OF INTEREST TO EVERY INVESTOR, Our Statistical Department has compiled a very complete review of Standard Canadian Securities This booklet will be found of particular value to every investor who desires to keep in close touch with leading Canadian corporations whose stocks are listed on the Montreal and Toronto Stock Exchanges. The twenty-nine companies reviewed include the following: CANADIAN OAR & FDYe N. S. TEL & COALq, CANADIAN PACIFIC RY. OGILVIE FLOUR PILLS DETROIT UNITED RY.. TORONTO RAILWAY Copy !nailed free on request. 0C.. AIC BRCS. & COo Members Montreal Stook Exchange 17 St. Sacrament Street, Montreal Ottawa Sherbrooke Cranby Sorel Danville MAKING SAFE INVESTMENTS 0000 POINTS OF RAILROAD EQUIP" MENT BONDS NOT REALIZED 111 CANADA. Most Canadian "Equlpmen is" Co to Americans Who Appreciate Them Highly—How This Crass of Bond Is s• sued" and What They. Represent. (By "Investor.") .The articles. contributed by ,"Investor' aro' for the sole purpose ofguiding pro* [motive investors, and, if possible of sal' ing them from teeing 'money *return teeming. it 1n"wild-oat" vnterprfeas. The impartial and reliable character of the Information may be relied upon. The writer of thee° art(clee and the poblteber of this paper have no interests to serve (n connection with this matter other thea those of the render (By "Inveetor.•'1 In the -United -States a very favorite investment are Railroad Equipment Bonds. The ordinary railroad mortgage bonds build the road, but they do not provide engines, freight care, eat cars, sleepers, diners, passenger coaches, ole. For the reason that the life of railroad equipment is short, that it is purchased in email quantities relative to the amount of money necessary to be raised to build the road itself, and that on the other hand the amount is usually too great to charge to any one year's income, it has been found convenient to provide for the equipment by a separate issue or bonds known as Railroad Equipment Bonds, and secured by the rolling stook which they are hatted to nurehaee, • 2n Canada, although quite readily pro. curable, investors have not quite rea. Heed the good points of equipment bonds as a means 'for safe investment, and to the great majority of Canadian equip. Ment securities are sold in the T7aited Statue. Tho usual manner of issuing equipment bonds is to organize a separate company not part of the railroad which buys the rolling stock and sone rt to the railroad for 25 per cent. down and the balance In ten equal annual inetaliments and in- terest, of course. Moreover, the railroad contracts to replace or adequately repair any damaged ears, etc., keep them lammed and renew any worn oat or lost. The company then issues bonds, secured be a mortgage on the equipment and guar- anteed absolutely, principal and inter. est, by the rat/road until the railroad has completed the payment for a certain lot of equipment. The title to it does not pass, but remains with the company (or, rather, a trustee which is usually a trust company for the convenience of arranging the mortgage). In feet, if you Constipation ill the root of many forma of sickness and of an endiesa amount of human lmiaery. Dr. 'Morse's Indian hoot PiR ;b thoroughly tested by over fifty years of use, have been proved a safe and certain cure for constipation and all kindred troubles. !try thtem. ,. 25c. a box. are interested, a careful examination of Canadian Northern Railway care will show, usually on the end of one of the floor beams a east iron plate bearing the insoription, "This ear is the property of the Imperial Rolling Stock 'Company," and also etating the series of bonds which are eee,tred by the equipment purchase of which that particular car formed a part, The Imperial Rolling Stook Cont. pany is the company whiah handles the equipment for the Canedian Northern ,lust as the Victoria Rolling Stock Com- pany does for the C. P. R. These. bonds *ere usually eo arranged that part of the issue is paid off each year. although, sometimes, they are i9• sued subject to redemption at maturity by the proceeds of a sinking .fund. In either case the security, ample. at the outset, increases proportionally with the reduction in obligations outstanding against it. The above method of pro. curing .equipment and of issuing mort- gage bonds thereon is known as the "Philadelphia plan," and is the method usually, followed in Canada. Theother plan is vrhere the railroad issues the bond as Its direct obligation, while under the Philadelphia plan the railroad is liable only as guarantor of the bonds. Thera is always provision, of oourse, that the bonds cannot be issued until the rolling .stook is delivered from the mak. ere, Just this summer a large Canadian. equipment issue WAS purchased by a bond arm and could only be put out on the market in small quantities, owing to the fact that the conatruation and delivery of the equipment was delayed, C. HOARDED GOLD IN CHINA. Treasures of Empress. Dowager Said to have Been Sent to Europe. - Sales of gold have undoubtedly been made by the Chinese .authori- ties, and from cables which are now coming tohand from China it would seem that there is some prospect of the movement assum- ing rather large proportions, No one has ever. known the ex- tent of the hoarded wealth of the late Empress Dowager, though all kinds of rumors have been current as to the accumulation of colossal sums, Now that by reason of the present disturbed condition of the country the meeting of the interest charge on the debt must impose considerable strain it •avould cer- tainly not be surprising if sales were effected of some of this hoard- ed gold, if only with the object of facilitating the prompt payment of the, coupons on the foreign debt, a hatter concerning which the Chi" nese Government has always dis- played scrupulous care. At present the only amount defi- nitely known to Have left China in the shape of gold is 4150,000, but there 'were reports in the city re, cently that something like another half million had been despatehed, though there seems to be some doubt as to whether the destination is Berlin or London.—Lonclon Standard, • SPRING DUE' TO MICROBES. That the e spri tai o o awakening eti n 3 of the earth and all living beings is actually due to amicrobe, is the thesis upheld p by Professor Muzjtz, of the French Academy of Sciences, after researches extending over a period of years, Prof. Nillnte as- serts that the phenomena, of spring- time are the direct result of violent bacterial activity in the soil, not due to the sun, but to it. law of per- iodicity inherent in the microbes themselves. '.f itis activity highly rnultipiies the nitrogen in the soil, which makes seeel germinate and vegettition grow. DANGERS OD NICOTINE. Advieo to Smokers Front Gerula Nerve Doctors. , rl The German nerve doctors et their annual meeting itt Frankfort have been trying to lay down e general law for the use of smokers. In the first plane they say the emolre should be expelled from,the mouth immediately, so as to allow the nicotine no time to be ab- eorhed by the mucous membrane to any serious extent. Secondly, ci- gar and cigarette holders ought to be used in order to cool the smoke and induce it to deposit its nico- tine before, it roaches the mouth, as nicotine only volatilizes at a fairly high temperature. Thirdly, the smoke should be filtered through a ping of cotton wool steeped in perehloricle of iron, which absorbs some: of the nicotine. According to some of 'the doctors nicotine is a poison which tends to aggravate the effects of arterial sch]erosis, and is almost invariably at the root of the disease which Di•. Charcot has described under the name of intermittent lameness. The disease, is brought about by a shrinking of the arteries of the leg and their inability to bring suffi- cient blood to muscles when work- ing, resulting usually in a mora or less pronounced lameness and an increase, of weariness, Prof. Frankl-Hochwart demon- strafed that many cases of poison- ing aro aggravated by over -indul- gence in tobacco, and that injuries under such conditions often end in general paralysis. The professor, however, though not a smoker him- self, does not place an absolute ban upon smoking. He admits that "civilized man needs some- thing to excite his senses of smell and taste and produce a certain sense of well-being," But he would allow no one to smoke until the age of 17 or 18, BRIDE'S LOVE OF CLAY PIPE. Rather than give up smoking her cherished clay pipe an Irish bride named Johanna Wood has left the workhouse at Faversham, Kent. Her husband, who was also an in- mate of the workhouse, has left with her, says the London Daily Mail. With a careless disregard of the fact that they were both practi- cally destitute, the man and the woman, whose ages are respective- ly 42 espective1y,82 and 49, were married on De, cember 11, The honeymoon was spent at the workhouse, "Mrs. Wood," stated one of the work- house of tcials, "seemed to find her 'greatest source of pleasure in to- baeeo. She smoked a clay pipe and would not have parted with it for anything. On being taxed with smoking in the workhouse, she said: `I cannot do without my pipe; I have smoked since I was a little girl.' She was told that she must either give up smoking or leave the workhouse. She elected to take the later course and left with her husband." 4 GRAND TO LIVE And the Last Laugh is Always the Best. "Six months ago I would nave l sughed at the idea ;*tat there could be anything better for it table beverage than coffee," Trritcs an Ohio woman, "now I laugh tto know there is.' • (The effects of tea and coffee on the system' are similar, because they both contain is drug --caffeine), • "Since ohildhsscl I drank coffee freely as did the. other members of the family. The result was a puny, sickly girl; and as I grew into wo- manhood I did not gain in health, but was afflicted with heart trou- ble, a weak and disordered sto- mach, wrecked nerves and it gener- al breaking down, till last winter, at the age of 38, I seemed to be on the verge of consumption. . "]tsy friends greeted me with 'How bad you look t What a ter- rible color!' and this was not very comforting. "The doctors and patent medi- cines did me absolutely no good. I was thoroughly discouraged. 'Then I gave up coffee and com- menced Postum. At first I didn't like it, but after a few trials and following the directions exactly, it was grand. It was refreshing and satisfying. In a couple of weeks I noticed a great change, "I became stronger, my brain grew clearer, 1 was not troubled with forgetfulness as in coffee times, my power of endurance was more than doubled. "The heart trouble and' indigos - tion disappeared and my nerves became steady and stt'ong. I began totake an interest rest in o things about me. Housework and Home -making became a pleasure, My friends have marveled at the change and when they ongeire what brought, it about I answer 'Pos. tuns, and nothing else in the world.; " Name given by Canadian Peskin C's., Windsor, Ont. Reed the little book, "The Road to Wcllville," in pkgs. 'There's. a reason," Ever rand the obove I"ftdr4•.A AM ono appears from tithe, to 11950. They are genuine' trim' and full of litnnah Interest, li0,3 I.SStilb 3-13 We ask assistance of all good) housekeepers its our effot-ts to arstroauftace pure goods. —C. MAGIC BARING POWDER, GILLETT'S PERFOIVIED LYES, GILLE T'S CREAM ` °ARTU' • ROYAL YEAST CAKES., When you ask your dealer for any of the above goods and he reaches for a substitute,, STOP HIM. That is the time. It is too late' after you have used part of . it with poor success, as is always the case with substitutesA, There is every reason why you should insist upon Gillett's Goods, and absolutelyl, no reason why you should permit a dealer to substitute something he claims to be "Just ,as good" or "better" or _,."the same thing's as the article asked for. '1' The buying•public and the dealers acknow. ledge the superior quality of Gillett's Goods. Why accept something inferior when you can buy Gillett's pure goods at the salve price?, E. W. GIL ETT COMP v...NY LIMITED Winnipci; Toronto, Ona. Montreal PROTECT YOURSELF Ey REFUSING SUBSTITUTES BONES FOR BRICKS. One of the most interesting sights of Malta, and, at the same time, rather a gruesome one, is the Cha- pel of Boners. Guides who show visitors round the island never fail to point this out. The whole of the eicles,..arches, and about the altar are the skulls and cross -bones of long -departed monks. In niches round the chapel -stand skeletons of monks in :their habits; on either side of the altar stands a skeleton, representing Father Time, with a scythe. Standing at the rear of the chapel, one cannot but admire and wonder at, the regular manner in which the skulls and bones are placed. ell! THIS is HOME DYE that ANYONE can use !dyed ALL these \ DIFFERENT KIIIDS of Goods -with the SAME Dye. f � I used CLEAN and SIMPLE to Use. oO acorn 50,, Atle WRO G your rtho Cofer 00030x, 3001 Color Curd and STORY 5105515030, Tho Johnson-Rlchnrdeou Ca.,.Limiteda Mdotregl, to $8 a day for adults or children •lallingg ilistory of the Deminibn from tlm Indian In his wlgwam1ty the presoot. Colored plata, 19x';[, poem to living and .Quaint with photo of csmp0s0r. Emblems, ousts of arms, nalmale and mine. rata ofnrthith.reltimo. Should be in every home one school. itecommendod by royalty. Nor samples and agents' terms, 051005 005 Dol- lar, address, Wm, Dalrymple, TIIIsenIurg, Ont, "The Most Beautiful Location in New York City." HOTEL SAVOY Fifth Ave., 58th to, 59tia Street Overlooking Central Parte Affording a delightF•l reddence, from which all the principal centres of the city are readily accessible. nrantl05 ,enmtt SlnIcy» with hathmonr Si and tpward d otlnt1, wall bathroom $4 and up ardi large, parlor, hove bedroo,n and hatitrues, 16.10,. 01. urger wilts upon apnnaali0 , Spa. Mous realauront, paint garden, billiard rem, de. Sendj5o.&uklet, JOHN F. RIES Manager DODW' a DOW'S STURGEON 011 LIN�I`MEN1 External appia•+atloti for: man or beast, k,ve yo a ' r n n of k ows the vrondcrftll qualities an rho oil of the STURGEON for sprains, lameness, etc, Dr: Dew's formula has it in its best farm. rot Rheumatism, Lumbago, Neuralgia, Swellings, eta., it Cannot be equalled,. Try, it onto an you will be satisfied, Price 25 cents, ASK VOW DEALER. HE SELLS IT. , The UUrayley Drug Co., Add., . Sole Props,::. St. ;Yol1q,.N,B, E%CIIE(lUER WINDFALLS. Four Estates Contributed Over $500,000 to British Treasury, Great Britain exchequer has had a big windfall through death duties on four estates disposed of by wills filed on the, same day at the regis- try office in London. The estates aggregated nearly $3,565,000 and the death -duties amounted to $650,- 000, more than 15 per cent. The heaviest assessment, both ac- tually and proportionally, fell on the estate of John Kitson, a Tol'- quaybanker, He left a fortune of slightly more than it million dol- lars, most of it bequeathed to cou- sins or persons not related to him which increw ed the percentage of taxation, and on this the state will receive estate duty at the rate of 11 per cent., an additional 10 per cent. on account of the absence of natural heirs and also what is known- as the le.gacy duty at the rate of 10 per cent. The three other estates assessed in making up the inheritance taxa- tion of $550,000:werethere-of Ralph. Dundas, of Edinburgh, who left $1,091,915; Col. John-Higson: of Denbigshire, $931,520, and George Banbury of London, chairman of the East London Water Company, $541,340. . 3 The world is agreat, big junk heap of broken promises and wasted opportunities, THE BIRTH OF ISLANDS. It is of quite coonnon occurrence for islands to crop Up in the, sea, In parts of the world where• the earth's crust is thin and veleanic disturbances are frequent islands not only appear suddenly, but in many cases they subside with equal rapidity. Only a kw weeks ago'in the sea off Trinidad immense col- umns of smoke and flames were seen, and after an" extraordinary commotion in the water au islrind was born. Some, six years ago a new island appeared just south of Japan, but vanished after a short existence. In the Azores an island rose from the ocean, attained a height of 300 feet, and then disap- peared as suddenly as it had came. In 1908 three islands belonging to Mexico completely vanished, 4H Some men sell themselves to the devil, and others just rent them- selves out by -the day. - A ypung lathy who had returned from. a' tour through Italy with her father inforniod ' a ,friend that : he liked all the Italian cities, but most of all he loved Venice. "Ah, Venice, to be sure—" said the friend. "I can readily understand that your father would like Venice, with its gondolas, and St. Mark's and Michelangelos." "Oh, no!" the young lady , interrupted; "is wasn't that. He liked it because he could sit in the hotel and fish from the window." HOTEL TRAY -MORE ON THE OCEAN FR41 NT. ATLANTIC CITY, N. J. A swosit/o.nt ter.rbery eta"proof addttlon to Jost heel;; eosalstsd, mating ;lilaIa,osea hoolloa flta.s>I5.s* cad 01,0E ep-f4.daW et Atioataa City Rotors, A sew feature ts•tlre uaniasa liiJJ e,ova, oo.on 5a l foot oq mfrs. - lirsrp rs.>•, twous,,wpr,v var.: `low, bath abtneMQ Walt psi sad.10.05 water. Ckaref• gjsel 131.459e► rtp 9'•tnperataro rs¢alsls,t 6 r/era.seiadt, lbs latent dareinAmruS is .r# leAttap. R:etspiboue Vi 00.03 teem, Uon prl aym.. Capanttp W0, wdt,', roriiivatratod c A.nLes O. MARQUETTE, TitAYAI4Dts6 HOTEL C©rIPANY, Manages'. D. S. WHITE, President. Study the Cost of a Fence— Not ace—Not its Price! • There is mighty little diiforom,n between ono woee't wire 'fencing and another, so far at pail had to repair and replace it yearly, Thas, though CEAnl2R.Folloo is no uhoapor In the 11x90 place than ordinary 100(011 wire 55,1099, it ie a whole lot m3,0Ape3' lir the Mug run•-fo,' it ba it up, stays tight, and keepsthe repair bugabo.l at arm's length year after year, It hits, (lost PRICE goal, 0114 thole is a bulky digeronne in the 000. i'eeoe•oosb depend[ upon tonoo•endurancs, who fence at a dime a rod would be dear If LEADER FENCE 5)) wire fenclog look. much allka. you cermet )rice mty wove'` who lonoe'e g0o35s'e by Its looks, One Wishes resembles another vary closely. The `'tet d(serenne taw the look—the twisted clamp of wire mut fasten, vet -Meals End ur5ia.wir03 together. oil 013 t tae ety do,' 50l llq.t)te fence's durability. 5/10,50E0 ;come has, the nue' le k that •i,ot,builiyy period, Ask ter a"sampla of it Nota the simple yet powerful triple'grip this leek h Il l' on the oross•whreo, lmaglne how great must' be 't)le strata that tyuuhl' 10001510101 0 rip,.'.l'hen you'll rectus why LEADERtoueo, made of blow o hardsteelwird,. epoulapy gai,'nntaoi, springy ami able to . stand, tight stretching, WON'T sag and b0NtS last. " 01.110100111.160 7r. 'fl r t l sipmelimpluitv . ,alt; imipimmo +kl +111Ibkrv,. direct 50qOAfa smmlrletelnlsrinttlon, Agents 3OJp50,330,, ' 2f yeti do net know' ant Meal agent, wrfte wanted in unrepresented divtriut,,Mite for The ., i7lagpGr9ldY FRAME HAY FENCE 141MIi`l�] r ss a3,!$,5415,9`" Si 101tan uZaTor9► t1L, zalvtiewrodtich HOW GOI.O IS 1 f? SPORTED THE WAY T dsSv3tE IS CAR- RIED ON SIIII'BOA.RD. how the Sailors of His Majesty's Ships Are maid and Mow Money is Guarded. Of the many romantic happen- ings which relieve the drabness of modern lee, few appeal more strongly to the imagination than the eonvoyanoe, to and fro, of the great quantities of gold—whether bullion or specie—which, week in, week out, form an ever -flowing golden stream round the civilized world, says London Ammons. Perhaps the largest quantifies of the precious metal are those con- veyed weekly from South Africa, the output of the mines, which in bars, not unlike exaggerated cakes of yellow soap in appeeranee,.fiind their way to the Bamk of England and the other groat banks, The value of these weekly cargoes fre- quently rune into millions. Then, too, every mail steamer which leaves the docks carries its quantum of gold. Gold in 'bars, gold in sovereigns, gold in the coin- age of every nation. The casual passer-by who won- ders through the long oorridors of the Bink of Englapd may happel. on a little stone -paved courtyard, completely shut in by several sots of iron gates, Here he may see 'gold '`bricks" being thrown into very ordinary -looking vans by ordinary porters, who handle the precious metal as if it were mere clay. A BIG RESPONSIBILITY. The van being hill, a couple of individuals, also very ordinary - looking, climb im and seat them- selves on its gold -paved floor, and off it goes to the docks or the rail- way -station, Arrived at the docks, the gold, whether in bars or coin -- which latter is packed in begs con- taining 1,000 sovereigns or their equivalent, which im turn are en- closed in iron -bound boxes, sealed with an official seal at the Bank of England on every joint—goes straight :on board 'the ship it is to voyage in. , .The bars,or boxes, are received, by one of the sbiteea 'ofEice'rsi and, with the' assistance of -a; couple of quartermasters, are carefully checked"and-tallied, The oiiicer— usually the second officer—signs a receipt for them, and they are placed in a special hold, to which access is obtained by only one en- trance, and that is looked and sealed. Front the moment ,that he has `signed the receipt the officer is per- sonally responsible for the bullion and specie and its safe custody and delivery, and access to the treasure hold can. only be had—legitimately —by means of the key, which re- -by means of the I-.e3r, which re- WHEN SILENCE IS GOLDEN. As to the exact precautions taken to guard the bullion -hold and its contents, and its precise situation, representatives of the various com- panies preserve, a complete, and very wise, reticence, mud even sail- ors and officer's on the actual ves- sel seldom know where the ,gold is kept during its transhipment, so well is the secret kept. Probably not more than three or £ohs' people in the ship are in possession of the information. Tho truth is that;, surprising as the statement may sound to the, nniniti<ated, thereare in existence very highly organized gangs of international thieves, whose special work is the theft, or attempted theft, of gold while in the charge of the, steamer compan- ies. Thorn is another point in connec- tion with the conveyancing of gold by sea that is of interest---i,e., the way in which the accountant offi- cers of his Majesty's ships obtain and guard the money needed for the payment of the wages and al- lowances of the ship's companies, no small amount in these daps of big ships' and crews of 700 and 800 [hon. • A PAYING PROCESSION, It is an interesting sight in a sea- port town, when the neat is about to leave for an extended ernise, to see the paymessters cf the various 'ships making their way to. the bank or the dockard, as the twee, ulay be,' to draw their money, They are, of 'eouree, in uniform, 'and they are aceompanied: by a filo of uniformed Marines, •Having ab tamed the money,' the little proce4s- sion returns in the • quusy, each of the Marines carrying hags of coin, thepaymaster retaining a big roll of notes—for the payment; of offi" 0elg—in his own keeping, Arrived at the boat which is to transport the party and its pre- cious freight back to the ship, the' bags are all stowed in a largo can- vas sack, whiah is sarurely fatter, cd, and then attached to, a long line, at .the, other end of which there is -a buoy, so that it any mis- chance should ebcellr to the haat during its Massage to tl:rz ,chip thr money eat easily, fro roeovel'ed,