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HomeMy WebLinkAboutThe Clinton News Record, 1918-5-16, Page 6TO ,t,KRA 111% 10 4r flesh the bowels egularly with PURGATIVE WATER A mild but sere saline purgative whleh softens tote oontenke of the inter ones aiid faioiliteeee their expulsion without causing colic, cramp or dice comfort. On Bale everywhere; gs ciente the bottle. RIGA PURGATIVE WATER CO. MONTREAL. WAR AND FOOD SERIES, A RTICLE No. 16 POTATO FLOUR. Everyone' doesn't know it but the fact remains that delicious white bread may be made simply and solely from potato flour. Thih is not a war discovery. Long before August, 1914, and the beginning of the reign of bloodshed, potato flour was in use and bakers liked it particularly for mak- ing sponge cake. There are enormous quantities of potatoes in Canada. The farmers know that; their wives know it; city people know it. • .What are we going to do with them all? Are we going to allow such valuable -food material to go to waste? Senator Colby, loaned by the United States Food Administration to the Canada Food Board, and who has just returned from the front, is impressing it on his audiences all over the coun- I try that he would not sit down at a table where there was one slice of pure wheat bread after what he saw in Europe. To eat it would seem to him like reaching his hand out and ' snatching it from the mouths of starv- ing people. "Eat substitutes," he says. "Eat substitutes," the Canada Food Board has been preaching for months past. "Eat substitutes," echo all thinking and earnest -minded people. They why not encourage the manu- facture and the free use of potato flour? It is wholesome, makes a delicious loaf and does not rob the peo- ple of Europe of the thing they most need—wheat and the manufactured product, the staff of life. Bread is the basis of social order. Everything that makes life endurable in times of stress depends upon bread. People have bartered. their souls before now for a crust of bread. Indeed; starvation has reached such a point in certain districts of Russia that members of the improverished classes are selling their wives and children for bags of flour. Is it not essential then that we save white flour lest our Allies in Europe reach such a pitch as this? We have the wheat on this continent. The United States and Canada alone are in b position to meet Europe's de- sperate need for wheat. And still we go on using white flour freely! It is time for potato flour to be given a trial in order that increasing quantities of standard flour .,may be saved. Healthy men have lived and worked for monthson a diet of nothing other than potatoes, oleomargarine and a little fruit. The food material in po- tatoes is 98 per cent. digestible. Po- tato flour is very fine in texture and has an agreeable flavor. Spring Diet. During the spring and summer meat may be entirely eliminated from the diet. It is a source of protein, it also produces certain acids that should be offset by foods of alkaline nature. Now that we are consuming large quantities of oats, rice, buckwheat, barley and corn, it behooves us to know that these same cereals will not counter -balance the acids left in the system from eating meat. Frequent- ly it will be found that the cereals will encourage this acid condition. The legumes, such as peas, beans, lentils and unpolished rice, may be turned into attractive dishes that will tempt an epicure. THE ENGLISH LINE. "Stern and Sedate" are the Character. istics of the British Soldier. The period we aro now going through is one of great strain, but our advice to everyone is to feel and talk optimistically, says a United States Writer, It is the English against whom the Germans are driving, and, as the I{aiser himself has put it, the English are "a very obstinate people." Ile one of the fittest passages of his essay upon Warren Hastings, Lord Macaulay speaks of "that -stubborn English courage, which is never as Legumes are low in fat content, therefore it will be neeesseryto'eup- ply the amount that is needed. Beans contain calcium, which is a bone -build- -ing element. Eggs, fish, cheese may be included for variety's sake. Green salads and vegetables abound. in vitammines and mineral salts, which cause the kidneys and liver to filter and refine the blood stream ac- tively, thus removing many poisons from the body. These poisons would, under ordinary circumstances, revert into the blood stream and cause auto- intoxication, or spring fever. So, therefore, let us all First. Eat good, plain, wholesome food. • 'Second. Just enough to keep us at par. Third. Use local products as much as possible Fourth. Use perishable foods dur- ing the spring and summer, Fifth. Drink plenty of water. Sixth. Breathe plenty of fresh air. Peas, beans, lentil's and corn showed be looked over very carefully. They should then be soaked overnight in plenty of cold water. Cook until tender and then the water is drained off. Cover them closely with a clean towel or piece of cheesecloth and let stend for ten minutes in a warm place. This will absorb all the moisture. They are now ready to be made into ap- petizing dishes that will delight the family. Potato . Waffles.—One cupful of grated raw potatoes, one cupful of milk, one egg, mix thoroughly and then add two tablespoonfuls of melted shortening, one tablespoonful of syrup, one-half cupful of cornmeal, one-half cupful of rye flour, three- fourths cupful of barley, rice or potato flour, three teaspoonfuls of baking powder. Beat hard to mix and then bake in hot, well -greased waffle irons. Serve with honey or•syrup. Salmon Surprise.—Open a can of salmon and remove the skin and bones from the fish.' Drain free from all moisture and then mold into balls the size of small apples. Cover with a coating of mashed potatoes one-half inch thick. Dip in beaten egg and fine breaderumbs and fry until golden brown in hot cooking oil. Serve with tomato sauce, spinach, cole-slaw, bak- ed apples and coffee to complete a tasty meal. Russian Salad.—One-half cupful of cooked diced beets, one-half cupful of cooked diced carrots, one-half cupful of cooked string beans, two medium- sized onions, minced +fine. Serve with mayonnaise dressing, Apple Cornmeal Betty.—Two cup- fuls of cooked cornmeal mush, two cupfuls of thick apple sauce, one cup- ful of syrup, one teaspoonful of cinna- mon, one-half cupful of raisins. Mix thoroughly. Place in a well -greased and floured mold. Bake for three- quarters of an hour in a moderate oven. Serve with caramel sauce. Caramel Sauce—Cook one-half syrup until it scorches a very dark brown. Remove from the fire and add: One cupful of boiling water, one- half cupful of syrup, two tablespoon- fuls of cornstarch, dissolved in four tablespoonfuls of water, one teaspoon- ful of vanilla. Beat to mix, thorough- ly, while it is coning to the boiling point. stern and sedate as toward the close of some doubtful and murderous day." In these times we count great battles by weeks and not by days, but we do not doubt that the same, pirit inspires the British soldiers. English, Irish, Scotch and Welsh, with Canadians and Australians to back. thein. They are not panic-stricken, they are not even unduly excited. "Stern and sedate" are the adjectives the Eng11'sh histor- ian uses, and we adopt them now. The German soldiers are brave and unyielding, but they will never break the English line. The edeas Perfection Pence 0.P.1V11Qt`P oar eEook. t ey stn 4 berp coo oIi them,. 7.'he f tb E 59x005 y05 t 01105. dnu t unt o or k doMai g6toh a any to eth i$,, o' t 00ooroj lia]t! wIlhW00 PoorIO Dolt. e, eeOER Dnvlly sea eo too ptt0ndo¢E moat eorvtoo0Ule Sorer 9n0 0 a tell I, -arced 33ENb Fpp CA�-AAeeL o�111�11dd(( d, �� or'fn .� OAK 4Y p.1 eamoterlda, nrvn¢,�ti rb ' b d¢A E n 14 ! rme n ores, /K r,,,I,,e urn t �' 9P 0i r ate. dnoln¢ Apd ¢ to Sen aha �,4,, roLLr i�qo� qn en, Edna/or�pr 0% In p h ''"'"'".• .• M , it THE fANWELL-HOXIE WiRE EIdcE CttMPANY, Ltd Winnipeg, Manitoba ntriilton Ontario . '-'*� • n Send it to Parker's OU Will be astonished at the results we get by our Modern system (yf dyeing and elean'ing, Fabrics that are shabby, dirty or spotted are made like new, We can restore the most delicate arri�les. Send one article or a parcel of goods by peat Or cxprese. We will pay carriage ane way, and our charge% are most ronable. When yet; Maittit olC CLEANING , 1W DYEING, think 0,4 FAKER'S Let Us mail you ettr booklet of household helps we can render. PARKER'S DYE WORKS, LIMITED CLEANERS AND DYERS 191 Yotlge Street w . Toronto vcoonwrocanocceneattotemscioxecoi unaway Julietta By Arthur Heriry Gooden Chapter L—(Cent'd,) single pearl, lustrous against the sat "Dare!" ill-wltite of her skin, She faced him, and as lie came up "My first Piece of jeWollry." She her amus went round 'his neck, touched the Pearl with her fingertips, "Reail and truly Pm running'"Undie Paul, I think it is about time away, Clay; and, please, you mustn't costae with 1ue--or say I nttietnet," She turned slid sped away again, her brown feet riffling the yellow dust in- to little trailing clouds. And, young as he was, Olay Thorpe reoognizerl the finality in her voice and in that good -by pressure of her slim arms. He steed by his home, watching until the little figure had vanished into the shimmering &stance, then slowly rode home, "I won't, tell her folks," he loyally resolved, "I won't tell anybody at all," The sun was dropping behind the snow -crested Sierras, Far down the va1'ley a cloud of smoke drifted. By this sign the little runaway knew that the Transcontinental would soon pause for a panting moment at the La Vine station, Lizzie stared at bhe smoke as the immensity of an idea seized ber; Would two dollars take her to Los Angeles? that I fended for myself,. "You're a dear _good, uncle," 5118 went on quietly, "You've been a neat fairy to me, and I've let you. But some day I shall pay back all this ex- .pense; and I shall pay you not in love alone, dear uncle,' Her tone became matbe'r-ofefaot, You see, Ivo been thinking a lot about—aboutmyself and the world, "What's all this nonsense?" ex- olaimed Morrow, staring at her, "Fore get it! When yon leave Mrs. Drake next month ewer e going on to the University, Your application has been in for bhe last four years, You.—„ "I've decided not to go." She smiled gravely at him, ' "Not—to go! I've set my heart on your going," I m sorry, Uncle Paul. I've made other plans. I'm going to take up a businese career. I don't like poverty," "Poverty!" Morrow wore a blank, That was her first lesson in the use. helpless expression, "Why this Caulk sof poverty? Does the feel of that Aeneas of the dollar. She never for- pearl hint at poverty? I'm not a poor man—" "It's not that a't, all, and yeti know it. It's something within me, Undo Paul. It's something thee taken hold of me; something that has come to me day and night; something I know!" She leaned forward. earnest- ly. "I'11 not be dependent upon you, Uncle Paul, exepet for love. I could be dependent on no onel I'm going into business. There's a big field for women in business. "My dear young lady," exclaimed Morrow,. "the cities are teeming with women in business. The woods are full of 'em. Women lawyers, women duced a little card and examined it, doctors—" then stared at a number far above "You miss the idea," said the girl Lizzie's head, gave Lizzie a quizzical calmly. "I'm not talking about glance, smiled genially, and seated stenographers and the kind of women himself beside her. who deliberately takes up the type of The oar began to move with a gentle work for which a man is better fitted; swaying motion very pleasant to the I am neither a drudge nor a masculine tired body beside the window; the girl, I fervently hope. Am I?" speed increased, telegraph poles be. "Eit? Why—'pon my soul! No!" came a blur, and almost insensibly "I'm talking about read construe - Lizzie Dare relaxed in the cushions tive business, big business. I'm go - and closed her eyes to the cronning ing to enter the lists and shiver a lullaby of the 'wheels. The stout lance with 'big business'," she went man rang for the porter, whispered, on. "I'm going to make money—not and presently a pillow was carefully a pittance, but loads of it." inserted beneath bhe thick chestnut Morrow laughed suddenly. cure thunderous roar of the passage "My dear, do you know how hard men hang on to money? Do you across a long bridge awakened her. know that 'big business,' or little busi- Fol• a moment she blinked at the ness either, counts every mill and lights, then remembered everything. grips it hard- You have a fine - She was on the train! Beside' her was bitham , and I am proud. of you for the stout drummer, absorbed in a having it, but, my dear Juliette, you magazine. Lizzie sat up and peered don't know—" eagerly at the picture of a youngwo- "Don't know!" she broke in. "Don't man, gloriously beautiful, gloriously know what? The practical side of gowned. A fervent desire swept over it. Granted, I intend to learn that the child. side of it right away. '-I'm going to "Hello Awake?" The stout at her. Sheodded play t he enoddeedd. His face became grave gravely, pushing back her tumbled as he watched her, appraised her, curls with one little sun -browned weighed her in his mind's eye. hand. V e11, well! Jiggled right off to _dreamland, and back again, eh?" She nodded again, her eyes apprais- ing, questioning, pondering. This men; you were made to take your big jolly man with the kindly brown high place in the world—" Did anyone make your place for you-" she flashed at him.' "Or did you make it?" The shot went time. "What do you want to do?" he got Lt. She sedately walked to the Pull- mans. A grinning black man, who stared curiously at her bare brown legs and hatless head, helped her mount the vestibule steps; her air of confident poise was oddly convinc- ing. Possibly the porter thought she belonged to 'The lady' in rustling stile who preceded her, or to the stout drummer who followed on her bare heels. She followed the lady in silk down the aisle of the Pullman, and dropped into an empty seat. The stout drum- mer did not sit down at once; he pro - "Listen, little girl! Baseness is a life study. You were made for love, not for dull scru-tin of books and eyes and ready smile was very nice indeed. ' "My name's Paul Morrow. Wha't's yours, little girl?" A flush darkened her cheeks. Her eyes fell, and by chance lighted upon asked helplessly. "In concrete the picture of the beautiful woman. teems?" s Underneath was a name in big black print. "Juliette! Just Juliette!" Into the stout man's eyes crept a puzzled expression. Then he glanced at the magazine, and chuckled sud- denly, 'Pon my soul! You're a great actress yourself, eh?" "That's my name," she said firmly. "Well, Juliette, what do you say to tackling the diner? All right! Come along!" Chapter II, A taxicab aped away from Mrs. Drake's academy in Pasadena, and slipped through the foggy night into Los Angeles. Inside the 'taxicab sat a young woman who crumpled a yet- low telegram in her hand, then smoothed it out and read it again, a smile curving her lips, The message was addressed to Miss Juliette Dare, and read: Love and congratulations to my lit- tle girl on her eighteenth birthday. Home to -day, Alexandria. Dinner, Theatre, Uncle Patel Twenty minutes later, in the draw- ing -room of the Alexandria, Paul Morrow was holding her at arm's length. He had not seen her for ten months—the new president of the 'Truitt Shoe Company was a busy man —and a great deal had happened in that ten months. He had last seen Juliebta with her hair in a thick braid, her skirts about her ankles, girlhood delightfully upon her. She stood before- him Clow it slim, coiffured, gowned woman, and Morrow was shocked, It had not oc- curred to him that Juliette would grow up. But the swift sadness to hie eyes was gone in exultation. "'Pon my smell" he cried. "I --- why, my dear, you're full of sure prises! Here you are a real sere - enough woman!" "Do you remember how we came into town that --•'that first night?" Morrow's eyes were twinkling now. 1 get you a pe.ir oe side stockings at a pawn -shop, and a pair of sample shoes from my bag—" "Anel hew I said then and there I'd always wear silk stacking's because i they felt so trice?" She broke in with a ch!mhtg laugh, "And how we went; to . Dlrak.e's--" "MrsAnd brew nice you said alts was? Do you still think so?" "Yes, of course 1 do, Uncle Paul,' And you too ----aren't you going to kiss' me?" Morrow reddened, ' I "Why 'why -'poo my soul, Juli- ette!'are,''' - ette!- Of urse 1 ale," They passed into the dining -room, Morrow eyed her gown--ahe was in blue from hat to slippeo's—and re, ma .berocl that first night. ppu, likeme grow up? Ant 1 tie fferent from the little girl of La Vine?" "ratite Eight years have made la ltiro-p deer,0 till erduiCe--•Just eight years, folw rd, ndsti don'toaauskoa ssingg'ile qui lieu" ,itilitbtn obediently complied, NoW, looki S1 a turned to the mirrored well, "(hl. A-Wa, gear'! pendanel Oh,. 'brio e P 1, Ian''G tt beAtttifu 1" 'e 1tta o bi ldiiy gl2." lt'lorrtar stared ata her, f tsctineeed 11y hat' beauty, 4401 :ted by bio eight b$ taut "May I do it, first?" His hand went across the table and enfolded her slim fingers. He load- ed down at them for a moment, then m•et her eyes with his quizzical, "Dear Juliette, you may do any- thing in this wide world you want to do, and you may always know that be- hind you stands Paul Morrow and all that he has. Yes, you may do it. It will bring you sorrow and trouble and failure, brut I shaft stand waiting and watching, ready always to come when your dear voice calls to me. Now, what is your wish ?" (To be continued.) To the Dandelion, Dear, common flower, that grow'st be- side the way, Fringing the dusty road with harm- less gold, First pledge of blithesome May, Which children pluck and full of Pride uphold, High -hearted buccaneers, o'erjcfid r that they An Eldorado in the grass have found, Which not the rich earth's ample round May match in wealth, thou art more dear to me Than all the prouder summer blooms may be. How like a prodigal doth Nature seem, When thou, for all thy gold, so common art! Thou tcachest me to deem More sacredly of every human heart, Since each reflects in joy its scanty gleam Of heaven and could some wondrous secret show, Did we but pay the love we owe, And with n child's undoubting wis- -' dole look On all these living pages of God's hook. —James Russell Lowell, THE HISTORIC SALIENT OF YPRES WHAT LOSS OF 'YPRES WOULD MEAN TO THE ALLI14S. Possessipn of the City Itself is of Moral Rather Than Military S'ignificanco. "All of the Ypres salient le historic ground," . says Colonel J, A, Currie, M,P., in Itis account of the First Carl' odium Division in Flanders, '!and every foot is rich in sentiment. Every farm house, every field bore the scars 'of war—the houses and barns with their broken tiles, the fields with almost every hundred feet a 'crump hole' where a shell had fallen and exPlod- edi Some of these holes were ten feet deep and thirty feet across. Life was cheap in, this great salient and the Canadians were given 'the post of danger, the post of honor.' " • His reference is, of course, to what is'lcnown• as the second battle of Ypres on April 22, 1916, often called the battle of St. Julien. Both the first and the second battles are called by the French the battles in Flanders, which seeme a better name for these and subsequent engagements which have involved the adjacent area. The first assault by. the Germans against Ypres in what is known as the first battle of Ypres occurred on October 24, 1914, but the Germans had occupied the city on October 8, only to be driven out of it by the British on October 14. Of Little Military Value. The Germans then, as now, sought the Channel ports and regarded Ypres as the stepping stone to Dunkirk, Calais and Boulogne. But to -day Ypres Is only a heap of ruins and as a Mese it is of little value to either side. If the Allies give up Ypres they will oppose the same steadfast resistance between Ypres and the coast that they offered to the Germans in the autumn of 1914 and the spring of 1916, when the latter tried to wrest Ypres from British control. If the Allies chose to sacrifice all other consideration to holding Ypres they could hold it. But Foch and Haig think more of the conservation of men than of real estate and are willing to let the enemy come on and kill themselves till the strategic mo- ment comes for the counter -thrust. So that Ypree Iost does not mean that all is lost in Flanders. British eeter • pride would be touched by the white drawal and Germany would de her uta abet to make it appear that a shatter, ing blow had been struck at British morale, But, like moat German claims, It would not be true. The prestige investing the name of 'Ypres is due to the three battles of Getober-November, 1914; April -May, 1915, and from August, 1917, intermit tontiy down to date. In the first battle of Ypres the Ger- mans tried to cut the forces of the Allies in two, that they might press on to Boulogne or launeh an attack against the Allies south of the Mach the same tactics that they have been lately pursuing. The British heroically held their ground and biociced the advance of the Germans along the Mersin -Ypres road. The bat- ole was over when a desperate charge of the Prussian Guard was repelled with tremendous slaughter November 11. Battle of St. Julien. In April, 1916, the Germans made their second concentrated assault upon Ypres. The feature of this attack— which culminated on May 8 and last- ed until May 20—was the use for the first time of poison gases, to the espe- Dial disadvantage of the Canadians, Colonel Currie describes this horror eloquently: "Shells and rifle fire were forgot in the scorching livid breath of the chlorine. Scores of men died where they stood, Some tried to crawl away. The bearers brought some out from the front line, but when I examined their pulses I found them dead, Poor fellows, their features were distorted and their faces livid, Blood -tainted froth clung to their lips. Their skins were mottled blue and white. They were a heartbreaking sight to behold." But the Germans were thrown back again. General Haig in Ms report for 1917 explains his -reasons for the great offensive begun by him on July Si at Ypres. "The positions held by us in the Ypres salient since May, 1916," he says, "were far from satisfactory. They were completely overlooked by the enemy. Their defense involved a considerable strain on the troops oc- cupying them and they were certain to be costly to maintain against a serious attack, in which the enemy would enjoy all the advantages in ob- servation and in the placing of his artillery. Our positions would be much improved by the capture of the Messines-Wytschaete ridge and of the high ground which extends thence northeastward for some seven miles and then trends north through Br'ood- seinde and Passehendaele." The Messines ridge at its highest Mpp IN CANADA 1°er rmating soap. For eefton- tog water, Nor relnevl.n0'r palet, toltr dletnfooting eo,5!goratoes, oinks, oloeolo c$ralnonndforeod ether sorfioeoe, A00009 4I15Prlr„r¢tl. mo• 1eof,'r,tf" ee Lee has an altitude of 260 feet. The ridge of Paaschendaele reaches a height of 174 feet (both heights being above sea' level). Most of Flanders to the north of this point --the sea coast at Oe - tend being about twenty miles away— is only a few feet above sea level. The chief reason why operations went so slowly last fall are set forth by Gen- eral Haig An his report: Canadians Captured Passchendaeie, "The low-lying, clayey soil, torn by shells and sodden with rain, turned to a succession of vast muddy pools. The valleys of the choked and overflowing streams were speedily transformed into long stretches of bog, impassable except by a few well-defined tracks,' which became marks for the enemy's. artillery. To leave these tracks was to• risk death by drowning, and in the' course of the subsequent fighting on' several occasions both men and pack animals were lost in this way. Ind these conditions operations of any, magnitude became impossible and the resumption of our offensive was neces- sarily postponed until a period of fine weather should allow the ground to recover" . The final movement of the British toward Passehendaele began on Thursday, September 20. I met that evening behind the lines General Char - eerie, General Haig's chef of intelli- gence, and he showed with the aid of maps that the Australian, English, Scottish and South African troops over a distance of eight miles of the front had penetrated. on that first afternoon to a depth of 1000 yards— exactly what was required of them. This initial victory was followed by steady advances till on November 6 the Canadians, who had already won imperishable renown in the fighting round Ypres, captured the town of Passehendaele, on the eastern end oe. the ridge, about seven miles to the north-east of Ypres. The British troops in the last few weeks have withdrawn from soil dear- ly bought. But their morale is unim paired. They will keep faith with the dead and with the unborn. iron sihau� �essyo thCCe A Fascinating, Historical and Political Record Lord Shanghnessy's report:. to shareholders at the annual meeting of the Canadian Pacific Railway Company, embodied a review of the salient features of the company's financial policy and progress leading up to Its present stable position„ It is shown that under the terms of the contract dated October Slot, 1880, be- tween the Government and the C.P.R. the Government uadeeto'ok to give, by way of subsidy, to assist in the completion of certain western sec- tions of the system then in process of construction under government auspices, $26,000,0011 in cash and 26,- 000,000 acres of land suitable for settlement Subsequently the cash subsidy was increased by $`1.0,000,000 and..as sae offset the land subsidy was decreased by 6,700,000 acres. In view of the present high credit of the railway it is interesting to note that the company's desire In the early days to finance with capital steek instead of bonds, was demonstrated to be an impossibility, and as a con- sequence Parliament authorized the issue of $35,000,000, 6 p.c. bonds and $65,000,000 common stook. Unfriendly influences at home and abroad so prejudiced the internation- al money markets that the.original $06,000,000 stock only yielded an aver- age of lass than 46 p.c. of its face value. The unwillingness of hives - tors to pay a higher figure for the stock in those days need not be con- eiderd5 extraordinary, however, when it is known that as late as 1896, when the railway had been In operation for over nine years, the stock was of- fered in the market as low as 38 p,c, 'with but few takers. In 1885 Baring Bros. of London were induced to find purchasers for the $36,000,000 Met mortgage bonds, and by, this means the company was enabled to repay the moans from the Government, and to meet its floating debt. The reviewas o o a to describe the g linking up of eastern Canada with the company's system whinh served thousands of miles of territory that was practically uninbababited, The pastern connection wee imperative it the unt'etnunorative territory was to be suoceesfuliy developed. The history ot capital expenditure ' Is an interesting chapter, not only to the history of the C.P.R, but also in that of the Dominion Itself, After 1895, so rapid wits the traffic de- evelopmeat, It was neeesaary to pro- tide substantial additions to traffic facilities of every description. from 1992 to 1914 inclusive, the records *how expenditures for second tracks, reduction of gradients, terminale, work•eltope, etc., of $20$,800,000; and for ears, i000motives, and other eq- uipment $130,000,004, To meet this expenditure of $33,6,304,040 the dime-' tots appealed, successfully, to the or- dinary shareholders of the company. In the thirteen yeare mentioned, the shareholders were offered and ac- cepted $196,000,0.00 per value of com- mon. stock for which they mild the company 00 leas a sum than $262,- 100,000. Out or sills $83,760,400 of bonds were paid• elf and retired, and $26,209;090 was used 1•o pay rho cert of raliway iina+s acquired or none 8truoted, and of additional team- tihtps, on which tic itondde or deem, turas were sold. ;Tho retf}atniug 591110 lirhf o $s201 aleo10,0pr0eferryd sdpeepmnnteqeduitpy Mont ttotos bringing in $5g8,541:0,0.00 had mdkllg a total eit $958,650,040 to ripply egalnst expenditures of $93d,- 800,004, The difference of $77,650,000 Yvan provided from the surplus rev- enue of the dampmny being a further eentributlon by the shareholders of that amount Proal surplus nr "an - divided profits." This remarkable financing. made VaSelbio only by the faith and emir - age of ahareholdeirs, "put the com- pany in a position efficiently and economieaily to deal with a large and ever-increasing volume of traffic, al the same time enabling the directors substantially to reduce the bonded debt, Notwithstanding the low price at which the original $06,000,000 com- mon stock was sold ($46.00 a share) the entire $860,000,000 of this com- mon stock noon outstanding has yielded to the Company's Treasury in cash an average of $112 for each $100 of stock, and if the sums pro- vided for capital out of surplus earnings are considered (a quite pro- per calculation, , as those earnings were at all times applicable for divi- dends) the shareholders paid an aver- age of $143 for each eiee of stock that they hold, The explanation of the company's extraordinary success in face of the above record, is to be found in the company's policy of 'keeping down the annual fixed charges, while ex- tending its rails into new productive territory as opportunity offered; also in the economies attending the tong haul of traffic over one huge system, eliminating heavy tolls for. eV/itch- ing and other kindred services be- tween connecting companies. A brief reference to the Oceau and Coastal Steamship branches le to the effect that this property is secured by a comparatively small demand on capital account, and has a present market value in excess of $65,000,000. Other properties and asaet.s of the company were purchased or develop- ed by the su'plue income held in trust for the shareholders, Something About the Mad Grant. The company's Land Grant, "which is a source of serious anx- iety to financial doctrinaires who have only half studied the subject," le treated at oonsiderabis length in the review, As late as 1888, when the railway had been in operation for some time, the Dominion Govern- ment consented, as it consideration for acme concessions under the Char- ter to guarantee the interest on $16,- 000,000 Land Grant Bonds, but would in no circumeta•nces guarantee the payment of the principal which would have given the security increased market mine, although the bends had fifty years to run and only represent- ed a value equal to' 75c. per acre, This did not reflect much confidence on the part of the Government to- wards Land Grant values, and there is no doubt that at that time the Government could have recovered the whole Land subsidy at the price per acre juat Mentioned, i.e., 75o. For many years this Land Grant was a drag on the Company's development. Interest had to be mot: on the Land Grant bonds, whose proceeds had been devoted to the purposes ot the rail. way, and although considerable same were spent on immigration propa- ganda, land sales were disappotntleg $ad unsatisfactory, the. -armee yield- ing the cotupan,v only Froin $1.50 to t9.5.0 per acro, after selling expettaes ad Wan pail. It woe not until {396 that agricultural lands.ln West. dsii Canada attracted buyers in any numbers, and even in that year when 48,490 Ivrea were sold, and in the !three subsequent years, tiro net re- turn was only $2,84 per nets. Shortly after the (1,P,11. contract was made, the 1Pederal Parliament oommenoed to vote grants of land In very targe areas by WRY .of subsidy for the construction of railway llnes in western Canada, to many companies Incorporated for that our - pose. Most of these companies never materially -ed, though much gond lanai was ltespokan 11y them, 1.1111s 11er0a- sillattlig the C,P.It. going furthorafleW to satisfy the last 3,00-,040 acres of its Grant. The company was com- pelled to accept 'sada along the line West of Medicine Hat, in the "semi- arid" district, where there was little or no water, which made the lands practicailyvalueless. To recover this tract it was decided to adopt a plau of irrigation, and an expenditure of $15,440,000 was made in the con- struction of works and ditches com- prising an area of 2,240,000 acmes. Of this area, not previously worth five cents on acre for practice) purposes, portions now served by the ditches commend high prloee. The company has expended ap- proximately $17,000,900 in the en- couragement of immigration, and to forward the sale of such lands as it had received. Branch lines of rail- way were also constructed io open up the territory for prospective set- tlers, Of the original Land Grant 14,0.00,• 000 acres have been sold to date, yielding approximately $94,000,000, or an average of $6,72 per acre, from which, however, must he deduct- ed the expenditures during thirty years for immigration propaganda, agencies, commissions, etc'., togcthcr with irrigation costs, making the net return less than $5.00 per acre. On the 14,000,040 acres thus i;.r sold, taxes to the amount of 2.1 o'h1,000 have been paid into the Pekes '1'ieds- ury. The "Ten Per Cent Clause," In regard to the much discussed "Ten per cent. clause," 4,110 review states 'that the suggestion made in some quarters that the spirit and in- tent of this Clause was to limit the company's dividend to ten per rent Is entirely out of harmony with the clear, unquestionable language of the instrument. The Clause had no move relation, direct or induce -1, rc the C.P.R. dividends than it lead to the dividends of any other rnl.wny com- pany, or of any commercial or in- dustrial corporation, Seventeen per cent instead of ten per rent per an- num might properly have heen dis- tributed from the average earnings of the railway had the directors not been convinced that a prudent and con- servative policy was in the best ;n- terest or the property. The total capital of the C.P.R. is $623,000,000 which contrasts with the actual cost of the company of $687,- 000,000 687,000,000 exclusive of $81,000.000 of rail- way constructed by the Government and handed over to the Company. It la also exclusive of,$1$i,e10,ue0 pr0- vidod from surplus earnings, !"rod gales, etc„ expended on the property and written o1r without Io'ing capit- alized, so that based upon cast. leo transportatiou system represent.; au outlay of $818,000000 01', 9bant ,$61; 000 per mile. The renset'valive !Maude] poiiey of the dlreriors cannot lie better 11- Iusl.rated than by the feet that rho net sarnlhgs her ml le retial reed la meet annual interest charges on Ibo G, T, R., C., N. it, G. T. F'., and the It T. Ti. wound suffice to rover the annual interest charges, dividends on the preference stock, and seven per cent dividend on the common Stock of the C.P.It. hxtvenenus Investments, including steamship lines, railway onhtpantes 00151de Canada, Government 8000111' ties and loans, money set aside for In; vestment, unsold lands:, amounts peyw able on lands alrracly' sold, oval min, ing and other properties, are appralS. ed at $259,090,900 which. is snbr•Ran Gaily below the market. value. Many • of these properties incl reseursn hail little or no vela: 1 ;.he - came into possession oY 1' bel. wend drivelnperl + l 7'1::1141i thry