Loading...
HomeMy WebLinkAboutClinton News-Record, 1949-12-01, Page 8r MGE.=EIGHT CLINTON NEWS -RECORD PH©IS INCRF;I�SE IN CLINTON 46 P;C. FOUR YEARS I-lullett Council Pays Batch of Accounts. The following' accounts were ordered paid at the November meeting of Hullett Township Council: Provincial Treasurer, :insulin, $1.27; Huron Tile Co., Br. B, Pollard drain, $96; Hydro Else- tri'c Co., Londesboro street lights, $175; Village of Blyth, Division Court dues, $20 Municipal World, supplies,. $14.10; Village of Auburn, bridge light, '$3; County of Huron, hospitalization, $45; George W. Cowan, stamps for tax slips, $28; George -Rad- ford, Garrett-Shobbrook drain, $130; William Campbell, Br. B. Pollard drain, $65; George :Pol- lard, Br. B. Pollard drain, $9; Nelson Lear. Br. B. Pollard drain, $10.14; Ted. Pollard, Br. B. POI - lard drain, $10.20; Jack Brown, Br. B• Pollard drain, '$1.20; Har- old Beacom, Br. B. Pollard drain, $5; William Campbell, Neilans drain, $100; Peter Tay- lor, Neilens drain, $9; John Tay- lor, Kellam drain, $9; James Neilans, Neilans drain, '$9.75; Jack' Melwing, Neilans drain, $3.75; Nelson Lear, Neilans drain, $6; George W. Cowen, part sal- ary, $80. Armco Drainage Co., culverts, $156; Huron Tile Co., road tile, $12.60; Pedlar People, snow fence, $279; ie, 180, George W Craths, grad- er injector, $8.47; Blyth Telephone Co., moving lines, $92.62; William Leiper, tile on road, $15.20; Cliff Shobbrook, drawing stone, $12; Harry Lear, culverts, $14.85; Harold Beacom, trucking, $22.50; John Brown, culverts, $19.25; Ben. Riley, culverts and brush, $47.30; Carman Dale, , brushing, $18.15; Len. Caldwell, 'road superintend- ent, $83.85; Arthur Weymouth, grader operator, $152.75; Hullett Federation of Agriculture, grant, $300; Londesboro Library Board, grant, $10; Auburn Library Board, grant, $5; Imperial Oil Co, grade fuel, $80.85; Department of High- ways, gas tax, $130.90; Gordon Radford, grader and mower re- pairs, $54.50; John Armstrong, Reeve, $120; George C. Brown, Councillor, $500; J. Ira Rapson, Councillor, $100; W. R. Jewitt, Councillor, $100; 'William J. Dale, Councillor, $100. During , the past .four years, l,IIOre has been a',46 per cent in - 1in the number of telephones drvice in `Clmlton,'and local 'calls hake increased by 30par cent, C. B'. Symonds, Bell Tele- phone manager for this .r.egian, said this week in reviewing the record-breaking post-war demand for service which has required the addition of much especially - Made and costly equipment. Long distance . cells originating here have risen by nearly 50 per cent ' in the same period/ he said. There are now 760 telephones in use in Clinton compared With 520 four years ago. Local calls average . 4,740 per day against 3,620, and telephone users here originate about 340 long distance calls daily or 100 more than in, 1945. In order to .4neet this unpr'e- decedented demand for service the company has continuously inn-. roved and enlarged its facilities. Two operating positions were added to the local switchboard in September, 1948, and large quantities of cable, wire and poles have been used in expand- ing the service. • In spite of_. this improvement 'program which has resulted in the addition of 240 telephones in four yelars, there are still eight applicants waiting for ser- ;vice here; the manager said. A further operating position is to 'be added to the switchboard next ;Year, and construction of outside •:wire and cable is expected to Continue at a high level in order to keep pace with demand. 0 HAND CRUSHED IN GEARS EXETER --James Brintnell, 33, Clandeboye, was taken to a Lon- don hospital suffering a crushed 'hand, received while at work in Exeter.' Creamery. Working alone at the time of the mishap Brint- nell's hand, was caught in the gears of a pasteurizer and he was finable to free himself. John • Stires head his cries for help and Went to his assistance. DRAFT SALE scotch Shorthorns Clinton Fair Barns (Community Park), Clinton Tuesday, Dec. 6 at 1 pan. consisting of: 16 FEMALES, in calf or with calf at foot; 8 OPEN HEIFERS; 5 BULLS, of Serviceable Age, 1 Four-year-old Herd Sire, "SHOREWOOD PRESIDENT," show winner at CNE 1947. Many cattle have gone out from these herds to win at major shows in 'Canada as well as at local, shows. These cattle are all from accredited herds and the females are vaccinated and inoculated. Ostrom Keys -- Peck McKinley Pepper While these cattle are not in high condition, they will be the more profitable to their new owners. FOR CATALOGUES, WRITE John Ostrom, Varna or Clifford H. Keys, Varna THURSDAY, DEGEMBEll 1, Native County Honors Memory of Famous Editor .,i f„#,,a oy fix"^. Z: iiit.,Mq,,'°t:'.ats,:si: u:..n.,:xw».•,•,.,.r.<e.:9:..,....,,,...-...— ,_.... THE MEMORY OF SIR JOHN WILLISON, editor and author, was honored at Goderich on recent date, when a bronze plaque on the Huron County Court: House was unveiled. The plaque was provided by the Historic Sites and Monuments Board of Canada. Warden J. W. Armstrong, Hullett, unveiled the plaque after an address by Arthur R. Ford, London, chan- cellor of the University of Western Ontario. Prof. F. E. Landon, vice-president of Western, also spoke, Rev. L. H. Turner,' Goderich, officiated for the dedication. Sir John Willison, who was horn at Hills Green, Stanley Township, in 1856, and died at Toronto in 1927, was editor of the Toronto Globe from 1890 to 1902 and of the Toronto News from 1902 to 1910,, Clinton rNat'ive INamel 'CNT Superintendent The appointment of G. T. Trow - hill 'as .general superintendeiit ,with ' jurisdiction over the Cent- Fiat and Atlantic 'Regi'ons, 'Head- quarters Toronto, has 'been an- nounced by W. M. Armstrong, general imanager, Canadian Na- tional 'Telegraphs: George Tewhsend Trowhill was bora and,educated in Clinton, and Started his telegraph career in 1908, with the Michigan Central Railways at St. Thomas, Ont.. -In 1912, he became an operator with the Great North Western Tele- graph Company which was later incorporated" into the Canadian National System. In 1:916; he was promoted to assistant wire chief St Toronto. In 1927, he became leased wire ..supervisor arid, the following year, he was delegated with the responsibility of super- vision of the system wire plant. In 1925, Mr. Trowhill ;assisted in the pioneering ;ef broad'oasting services for thel ,atio$ol' System and was instrumental' in promot- ing the use". of carrier current telegraph systems in the tele- graph plant. In 1934, he promoted the estab- lishment of ::a direct cable circuit between London, ;England; an l Toronto and, five years later, as superintendent of ,traffic, Mr. Trowhill completed arrangements with the Western Union Tele- graph Company for the estab- lishment of an all -British cable service between London, England Montreal and Toronto, the circuit traversing British terri- tory throughout its entire length. During the period of 1946 to 1946, Mr. Trowhill was chairman, com- mittee six, communication plant operation, Association of Ameri- can Railroads. This committee deals with the standardization of railroad communication operating practises. In 1945, he was promoted to c1}ief of traffic for the system, fa. lowing which he became act - COUNTY' AI>fIE $1}IEN County assessor, Atex ander "told Huron Cottnty '.1 oil at ,Goderich Friday, th will, make a report on the ized assessment at the Jun, Sion Ile said 14 days are s ed for appeals. The .equali by law will, be :pasaed .in and ;under the new pysten became effective in 1951. ing general superintendent, position he 'field until his p appoiiitmelit. Junior Farmer Club School Planned Dec. 7 One -day schools for officers of local and county -junior farmer AUCTIONEERS: William' O'Neil, Denfield Lincoln White, St. Marys Edward W. Elliott, Clinton • clubs have been arranged for the week of pecember 1-7. A' letter has been sent to all Junior Farmer officials and agricultural representatives in the province announcing dates and locations. One of these will be held at Rid getown Experimental 7, for on Wednesday, December counties of Elgin, Middlesex, Hur- on, Perth, Lambton, Kent and Essex. thAA OF -DETRO 1 FACING GRAND CIRCUS PAI The Tuller, a modern hotet<fc those who wont the bestl Cor venient to Meet, Theater cidG Shops. Friendly, court ous service and real Hot Comfort. The Tuller Coat Shop or Cafeteria for yo Dining Pleasure at mode prices. it Pays to stay Hotel Teller. u es. VISIT OUR COCKTAIL LOUN ONE OF DETROIT'S FIN 800 ROOMS I2 WITH BATH FROM HOTEL TULLE RICHARD C. HODGCt ter, ,i,,. u r THIS YEAR elet A TWO -BILLION -DOLLAR STORY/ Every one of the B of M's 1,700,000 depositors has shared in the writing of it. Simple and straightforward, it tells how the two -billion -dollar resources of Canada's First Bank have been put to work ... how these resources — born of the deposits of our customers— are helping Canadians in every walk of life to make a better future for themselves and for Canada. r TI 01 You can see these dollars at work everywhere B of M commercial loans are at the highest year- end figure in the his- tiKk�' tory of the Bank. WHAT THE B of M HAS TO MEET ITS OBLIGATIONS: CASH: The B. of M has cash in its vaults and money on deposit with the Bank of Canada amounting to ' $ MONEY in the form of notes of, cheques on, and a' deposits with other banks 156,733,757.58 INVESTMENTS: The B of M has over a billion dollars invested in high.grade government bonds and other public securities, which have a ready market, Listed on the Bank's books at a figure no: greater than their - market value, they amount to . . . 1,044,968,842.21 The B of M has other bonds, debentures and stocks, a substantial part of which represents anis- ' tance to industry for plant development in the post. war period. These investments are carried at CALL LOANS: The B of M has call loans which are fully protected by quickly saleable securities. These „ , ,• r 48,174,652.91 loans amount to . . . • • • . . '• QUICKLY AVAILABLE RESOURCES: The resources listed above, which can quickly be turned into cash, cover 78% of all that the Bank owes to the public. These "quick assets" amount to . , $1,602,090,910.01 LOANS: During the year, many millions of dollars have been lent to business and industrial enterprises for production of every kind—to farmers, fishermen, lumbermen sod ranchers—to citizens in all walks of IA and to Provincial and Municipal Governments and School Districts, These loans, now at the highest 487,352,653.41 yearend figure in the Bank's history, stand at BANK BUILDINGS: In hamlets, villages, towns and large cities from coast to coast the B of M serves its customers at 541 offices. The value of the build- ings owned by the Bank, together with furniture and 17,e50,iG9.22 equipment, is shown on its books at . OTHER ASSETS: These chiefly represent liabilities 'of customers for commitments made by the Bank on their behalf, covering foreign and domestic trade transactions . . . . • TOTAL RESOURCES WHICH THE B of M HAS TO MEET ITS OBLIGATIONS $2,139,688,263.44 229,296,309.15 122,917.348.16 32,394,530.80 for 1949 WHAT THE B of M OWES TO OTHERS: - DEPOSITS: While many business firms, manufacturers, merchants, farmers, and people in every type of busi- ness have substantial deposits with the B of M, the larger part of the money on deposit with the Bank is the savings of well over a million private citizens, C $2,019,142,07,6The total of all deposits is BANK NOTES: B of M bills in circulation, which are 3,621,916.0 payable on presentation, amount to . OTHER LIABILITIES: Miscellaneous items, represent- ing mainly commitments undertaken by the Bank on behalf of customers in their foreign and. domestic �r �� • 31,767,839. trade transactions . TOTAL OF/WHAT THE B of hi OWES ITS DEPOSITOR$ $2,054,532,452. AND OTHERS . . . TO PAY BALL IT OWES, THE B of M HAS TOTAL RE- SOURCES, AS SHOWN ON THE LEFT SIDE OF THIS 2,139,688,263. STATEMENT, AMOUNTING TO . . . . . WHICH MEANS THAT THE B of M HAS RESOURCES, OVER AND ABOVE WHAT IT OWES, AMOUNTING TO $ 85,155,810. This figure of $85,155,810.61 is made up of money subscribed by the sharehold and, to some extent, of profits which have front time to time been ploughed back into business to broaden the Bank's services and to give added protection for the deposit * a t' EARNINGS—After paying all overhead expenses, including staff salaries, bonuses and contributions to the Pension Fund, and after. making provision for contingencies, and for depreciation of Bank premises, furniture and equipment, the B of M reports earnings 221,569 for the twelve months ended October 31st, 1949, of . . . . $ 9, Provision for Dominion Income Tax and Provincial Taxes . 3,405,000 Leaving Net Earnings of $ 5,816,56 This amount was distributed as follows: • Dividends to Shareholders . . . . . . Balance to Profit add Loss Account • $ 3,600,00 2,216,56 BANK OF MONTREA elifeideLaE76.tde' WORKING WITH CANADIANS IN EVERY 1W1 r""1111115; 1121111111111111111A %.3i�ti%i..w!,r.:t''i�:. ',��"siw.'.s�..w>.....avw.' :F�.^.*:fa"aa5•w1r'h•. .... WALK OF LIFE SINCE 1 a.-