HomeMy WebLinkAboutClinton News-Record, 1946-11-28, Page 3'THUR.SDIAIY, N'ONTEIWER 28, 1948
1
CLINTON NEWS -RECORD
TO -DAY
By "PEO'
The greater part of our thoughts le
taken up with thedoing of yesterdair
to-day.and •to -morrow. At times our
minds drift back to the years of our
childhood or we dream of the future
but generally spealcing we think of
what happened yesterday. What we
are doing to -day or what wo plan for
to -morrow.
Two of these divisions are never
with us, yesterday is in the uast, to
morrow is not ours arid as far as we
know' limier will be. We cannot undo
anything which is behind us. That
has gone forever. It is indeed a sad
and tragic part of life. If we have
done wrong God will forgive our sins,
but 'what we have done in thd past
may go on and on in some one elses
life. It may be we have spoken cross-
ly and have Inn't some one's feelings.
Aen unkind action may be the means
a changing -the life even of a friend
Again we may have spoken an en-
couraging word which has helped
some one out of a difficult place. We
may have come in contact with a.
) school boy or girl and have explained
to them the great advantage of carry-
ing on their school course. This may
have been the means of changing the
Whole eourse off the life of that boy
Or girl. Perhaps we have given even
a small donation to some worthy
cause which will help,- to bring com-
fort to mink who have nue had the
opportunity which perhaps we have
had:
That is in the pest whether it hag
been good or ill We cannot recall it.
It is the yesterdays and to -morrows
which to a certain extent make our
totlays miserable. Weather asleep or
awake one day ends and another one
begins. Our sins of the past have
been forgiven if we have asked God
to remember them no more against
us. A beautiful stoey is told of St.
Peter. God in His Heavenly Home
knew of the betrayal of His beloved
Son by Peter and when an angel
rushed to Heaven with the parchment
4
on whieh the sin had been written
God dropped a tear over it and it
was forever effaced. Perhaps, for the
Test of our lives the memory of our
sin will remain with us, and many
times we will regret what we have
done, but if we have asked forgiveness
that sin will not face us in Eternity.
How merciful our loving Heavenly
Father is towards us!
There is not a day goes by that we
do not in some way door our Saviour
who gave His life for us. We are
not living the Owlet life which we
should be doing. We deny Him even
more strongly than Peter did and yet
He is ready to, take us back into the
fold.
Two little children, a boy and girl
wandered away from their respective
homes one bright morning. The police
were notified, the father was called
home from work, neighbors helped
the almost frantic mother but no trace
of the little ones conk' be found.
Finally tired and worn out they re-
turned home. What happened. Did
the parents say, "now you went away
and you can just go back where you
eame frota?" No, the parents of the
little boy any way were rejoiced to
see him even if he had caused them a
great deal of anxiety. Their love for
him did not prevent them from ex-
plaining to him that he had done
wrong, then he was sent to his bed-
room -where he was left till he had
Au*A.•
-
LEAW/N
BANKING is not the mysterious business
some people are inclined to think it. In
its fundamentals, it is no more complex
titan any other type of business.
The chief difference is that, instead of
dealing in goods, your bank deals in
money . . . money which belongs mainly
to you and to the many other Canadians
who deposit their funds with the bank.
At the B of M, for instance, well over a
million people have placed on deposit close
to one and three-quarter billion dollars.
This money doesn't stand idle . . . it
works to earn its keep.
and
Merchants, businessinen
people i" evetY s°:,'„,f money enter.
'se borrow a l
fPrro: BS Sit. po. ol these
wba'ker, vvlio, after service t
the Forces, wanted to owna.
11wholesale bakery agat.n
LsmaCkinogthcpeorefamdy,obctaasihnedh,e
tha
c345nOu'Otloan,and is now running
tit
Tthheevtlelairs sotfhceof
'T_Phw::::sh:anbbt ses ,ft brspiu'itnerpr:scrseoms:nindicsdti..
thl edop
se ui tts et 1: i ffi tiga rc°11:g .
i1tiic?at nr yd, free: it lei teamitle:: toy.,
B of hi Personal Loans helped
no less than 157,020 people
during the past year—people
like Mr. A. L. T., who needed
money to help him finish con-
structing his own home. He
gor three /3 of M Personal
Loans, totalling more than
3600, over a period of 18
months, and he has paid
them off regularly in monthly
instalments. Now his home
is in fine shape and the loans
are repaid. Interest cost of
loans; $32.53.
Over 500 people from every
walk of life come to the Et of
M every business day to
borrow for personal needs.
ter
time to think, Although he was
punished yiet he was forgiven.
So it is with us. God forgives us yet
the memory of our sin remains, but
in many cases we have learned a much
needed lesson.
We realize that the sovrows of
featerday are somewhat lifted Isy a
eights rest. We have all had the ex-
perienee of a bereavement or a sorrow
of some sort which has come into our
life. We have retired feeling that we
can uever rise above it -when we a-
wake to a new day it seems as if a
dark curtain has dropped before us,
but as we face the day we are assured
that we have received at least a little
comfort and those who are Christains
lcnorw that Jesus Christ is continually
with them to help them every step of
the way. Yesterday has paesed and
it is to -day which we must face and
we do not need to step into it alone.
To -morrow we have nothing to do
with
"There never will be a to-movrow,
For to-niorrow will be but another
to -day,
With all its joy and sorrow"
We, at times think "Surely there is
something k ean do about to -morrow.
"All we can do to -day is to prepare
for it by so living that we in the fut-
ure will have no remorse about What
we do to -day".
We have the, promise as thy days
so shall thy etrength be! That should
be sufficient for us. God will not ask
us to bear snore than He has given
us strength for. A beautiful and help-
ful thought may be drawn from a
yoke which was used by oxen in old-
en days. At times, it was customary
to make one side of the yoke wider
than the other so, that oxdn of un-
equal strength might be yoked togeth-
er. Thus the stronger inight help
the weaker. So it is with us. •Christ is
willing to bear the heavy part of the
load if we are just willing to co-oper-
ate with Hint.
As we finish each day we have a
special appointment with Jesus Chist.
Many times during the day we have
asked for His guidanee but at night
in the ouieteess of our own voom
what a joy it is ler us to be able to
read and under J11 guidance study a
portion of Hie word! There in pray,
er we finish the day bycommitting
ourselves to Him for the night know•
ing that the next day will be a new
beginning. Yesterday will have pass-
ed and to -day will have come to us.
with all it opportunities.
To -day is caws and we haVe a big
part to play in it. When sorrow or
anxiety corse to us we immediately go
to our Saviour for comfort and con-
solation but when He gives us happi-
ness as our lot, what do we do. In
the majority of cases we forget to
thank Him for the joy which hasi
come to us. How ungrateful we arell
This is why, as you will see here, some
of the dollars left at the B of M are lent
to merchants, businessmen and manufac.
turers to assist them in their operations,
while others are used to finance the needs
of governments. Some enable farmers to
improve their farms, buy machinery and
market crops. Many others go out to help
citizens in their day-to-day financing —
in meeting emergencies and in taking
advantage of opportunities.
The sum total of all these transactions
makes interesting reading, not so much on
account of the figures themselves, but
because of the human stories behind them.
At the close of the B of M's business year, it seems
a good thing for these dollars to show what they have
been doing and for the Bank to report on the trans-
actions which it has undertaken for its customers from
coast to coast.
CANADIANS
. -
Farmers all across the Mimi.
Mon use thel3 of M to finance
their needs in buying seed,
cattle and machinery—in
nutrketing crops—and in im-
p.rovingtheirfarnasgenerally.
1. his means more prosperous
farming communities — and
bigger agriculturel produc-
tion to meet the urgent needs
of a hungry world.
Typical of these go.ahead
fanners is Mr. R. B. L., who
wanted to clear and break 50
acres on his farm. The job
would cost $325, but his
ready cash amounted to only
$125. With the aid of a ft of
M farm improvement loan of
3200, he completed the job
and has considerably in-
creased the production and
profits from his farm.
WHAT THE B of M HAS IN RESOURCES 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 $ 192,687,153.28
MONEY in the form of notes of, cheques on, and deposits with
other banks. 98,358,231.24
INVESTMENTS: The B of M has well over one billion dollars in-
vested in high.grade government bonds and other public securities,
which have a ready market, Listed on the Bank's books at a figure
not greater Mon their Market value, they arnount to . . 1,099,728,432.17
The 13 of M has other bonds, debentures and stocks, representing
to some extent the extension of credit to industrial enterprises for
reconversion from wartime to peacetime production, and for ex-
pansion of productive facilities in established fields. Valued at
ao more lbw; the market price, they amount to 56,022,926.42
CALL LOANS: The B of M has call loans which are fully protected
by quicicly saleable securities. These loans amount to . . . 59,391,558.13
QUICKLY' AVAILABLE RESOURCES: The resources listed above,
all of which can quickly be turned into cash, cover 85.350/0 of all
that the Bank owes to the public. These "quick assets" amount to $1,506,188,301.24
LOANS: During the year, many millions of dollars have been lent
to business and industrial enterprises for production of every
kind, including housing and construction -- to farmers, fisher-
men, lumbermen and ranchers — to citizens in all walks of life, and
to Provincial and Municipal Governments and School Districts.
These loans now amount to.
301,659,974.44
BANK BUILDINGS: in hamlets, villages, towns and large cities
from coast to coast the B of M SetVeS its customers at 498 effices,
The value of the buildings owned by the Batik, together with fur-
niture and equipment, is shown tin its books at 10,575,688.13
OTHER ASSETS: These chiefly represent /abilities of customets
fot commitments made by the Bank on their behalf, covering
flutists and domestic trade transactions, totalling $21,138,615.59. 25,561,623.59
LTOTAL RESOURCES WIIICH 'IBE 13 ef M HAS TO MEET
ITS OBLIGATIONS . . . . . $1,843,985,587.40
• W: 0. •K • WO :- WITH
T.o municipalities, school dis-
tricts and governments, the
13 of M is constantly lending
money for undertakings that
benefit the whole community.
Take the case of an Ontario
town, which—to pay for a
new sewage system—was
selling debentures amounting
to $305,000. The Bank of
M. ontreal bought 4456 of the
issue, a total of $134,000
which is now being used by
the town to complete the
undertaking.
Many municipalities use the
13 of M's facilities to finance
community improvements
and to handle their financiai
transactions generally.
eeeeiresteceiertiee.
ececieeteractecertiree-at
' • ,e,,eeeeeefeeeece.
4.4e.
If you are a B of M depositor,
then it may be your money
which assisted Mr. P. R. 13.
to buy his bakery—which
helped Mr. A. L. T. finish
constructing his home—
which enabled Farmer R. B.
L. to make his farm more pro-
fitable—and which helped
finance the new sewage sys-
tem for the Ontario town.
Thatworking money of yours
is part of $1,700,000,000
which well over a million
Canadians have deposited at
498 B of M branches from
coast to coast. Each one of
the 1,531,658 13 ofhf deposit
accounts is an expression of
trust in Canada's first -estab-
lished bank, which has been
working with Canadians in
every walk of life for129 years.
1
WHAT THE 0 of M OWES TO OTHERS:
DEPOSITS: While many business firms, manufacturers, merchants,
farmers and people in every type of business have large deposits
with the 13 of M, the bulk of the money co deposit with the
Bank is the savings of more than a million private citizens. The
Intel of all deposits is . . . ...... 81,736,212,708.35
BANK NOTES: B of M bills in circulation, which are payable on
presentation, amount to 5,512,707.50
OTHER LIABILITIES: Miscellaneous items, representing mainly
commitments undertaken by the Bank on behalf of customers
in their foreign and domestic trade transactions totalling
821,538,615.59. . . . . 23,003,885.74
TOTAL OF WHAT THE B of M OWES ITS DEPOSITORS
AND OTHERS . . . . ..... 1,764,729,301.59
TO PAY ALL IT OWES, THE B of M HAS TOTAL RE-
SOURCES, AS SHOWN ON THE LEFT SIDE OF THIS
STATEMENT, AMOUNTING TO . . . . . . 1,843,985,587.40
WHICH MEANS THAT THE 13 of M HAS RESOURCES,
OVER AND ABOVE WHAT IT OWES, AMOUNTING TO $ 79,256,285.81
This figure of $79,256,285.81 is made up of money subscribed by the shareholders
who own the Bank and, to some extent, of profits which have from time te time been
ploughed back into the business to broaden the Bank's services,
* *
PROFITS: After making provision for contingencies, for deprecia-
tion of Bank premises, furniture, and equipment, the 13 of M
reports a Profit (including an adjustment in United Kingdom
Taxes 1938.46) for the twelve months ended October Ms% 1946 $ 10,263,782.91
Provision for Income and Excess Profits Taxes 5,776,000.00
Leaving a net profit of 4,487,782.91
Of this amount, shareholders (paid dividends at the rate of 80 cents
a year, plus an extra distribution of 15 cents, for each $10 -share
of the'Bank) received or will receive . . . . . . 3,420,000.00
Thus, the net ameunt to be added to the balance of profits ftom
previous years' operations is . . . . . . . . . $ 1,067,782:91
Belance in the Profit and Loss Account at October 31s1, 1945,
amounted to . . . . . . . • . . 3,188,502.90
$ 4,256,285.81
Transferred to Reserve Fund, which now amounts to $42,000,000
and is included in the shareholders' funds of $79,256,285,81
mentioned above . . ..... . . . . . 3,000,000.0
Leaving a balance in the Profit and Loss Account at October 31st,
1946, at ....... . . . . . . $ 1,256,285.81
v• -h-=%, "2
BANK or MONTREAL
CKNADVANS IN EVERY, WALK OF EIFE SINCE 8 11
1.1111111.11111.1111.111111.111
In our morning .devotions do we ask
Jesus Christ M give lie opportunities
to pass along the inessag,e of love
whielt He has given to mankind or
ie we ashamed to speak a word to
our friends about their souls? 22
maY be we meet someone and fail to
realize that God has given us the op-
portunity to speak to them about
God's love toward them and thus lead
them M Him. Doe e it ever .00CM
tO US that we limy be faced in Etern,
ity with a soul which has been lost
simply because we denied our Lord.
.Tesiis does, not say, "I was with
you yesterday and will come again
to -morrow; you ,ean 'get on without
me today," but He did say, "Lo, I am
with you alway."
We need not look forward with
anxiety to tomorrow, Tomorrow may
find us in Eternity and if we are
still here Jesus Christ will be our
Guide. He will not compel us to
cotne to Him but if we leelieye on
Him Be will accept us and will be
our constant eompanion.
"Everyday is a fresh beginning.,
PAGE THREE
Plebiscite Under Way
For CTA Repeal in Peel
First publication of a notice,seek-
ing a plebiscite foe repeal of the
Canadian Temperance Act in Peel
County took place at Cooksville last
week.
Edward Drew, chairman of a com-
mittee of war veterans who circulated
the petition, said the notice must be
published for two, successive weeks,
then filed with the sheriff at BraMP-
ton ten days before being sent to
the StaM Department in Ottawa,
Drew said names on the petition
far outnumbered the 25 per cent of
the voters' list required before such
a petition can. be -submitted to
Ottaiwa.
Every morn is a world made new,
You, who are weary of SOrrOW and
sinning,
Here is a 'beautiful hope for you,
A hope for me and a hope for
you. zinc",
+14461eteveiera.aeleeeew -ea e-aaset ...
6ift Sugeotions
for Het ,forilim
PERFUMES
COLOGNES
BATH POWDERS
BATH SALTS
BUBBLE BATH
SACHET SOAP
IN FANCY BOXES
BATH OILS
Brush, Comb & Mirror
3, 5, 8 -piece sets
Perkinette BilLfolds
PHOTO ALBUMS
PRO-PHY-LAC-TTC
HAIR BRUSHES
REVLON
CUTEX
PEGGY SAGE SETS
DOROTHY GRAY SETS
VITA RAY SETS
EVENING IN' PARIS SETS
HUDNUTS SETS
ITIYA sale
TIMED SECRETS SETS
WOODBURY'S SETS
ELECTRIC RAZORS
PIPES
RONSON LIGHTERS
GILLETTE SETS
HAIR BRUSHES
SHAVING BRUSHES
BILL FOLDS
LEATHER CASES
SHAVING BOWLS
SHAVING LOTION
SHAVING .SETS
By
COLGA,TE
PALMOLIVE
WOODBURY
1MENNEN
WILLIAMS
GUARDSMAN
FITCH
THIRTY-FIVE
OiLIVEON
BUCKINGHAM
MOLINARO
AERO CLUB
PARKER 51
PENS and PENCILS
UNIQUE F B PENNEBA10ER PHONE
PHOTO • B. 14
SERVICE DRUGGIST
tgtetqtaKKteentetrotttiitt,444.44tcteattkito-Ater..zerta%K-RiertgEtweiti
Wire raking Orders Now
Li Y CULTRY
BREAST OF' MUTTON 13c lb.
SIRLOIN MUTTON CHOPS 34c lb.
SFIOULDER MUTTON CHOPS 25c lb.
RIB MUTTON CHOPS 26c lb.
FRONT QUARTER MUTTON 10c lb.
LEG OP MUTTON 345 lb.
COOKED MEATS
MACARONI AND CHEESE LOAF 35e lb.
DUTCH LOtAP 35e lb.
WEINERS 32c lb.
Best Prices Paid For Hides
C. D. Connell
CLINTON'S LEADING MEAT MARKET
PHONE 162
Member Independent Retail Butchers' Assn. Sr Retail Merchants' Assn,
HA RD
SPRING
WHEAT
FLOUR
MAPLE LEAF
MILLING COMPANY LIMITED
Fred 0. Ford