HomeMy WebLinkAboutThe Clinton News Record, 1937-12-02, Page 3DEC. 2 1937.
CLINTON NEWS -RECORD
' PALGE r
WHAT CLINTON WAS DOING IN THE
• GAY NINETIES
Do You Remember What Happened During The Last
Decade Of The Old Century? '
The Huron News -Record, When The Present ' Century
. December 2, 1897: •
•The G.T.R. is placing five carloads
of •gravel on the Bayfield crossing
which will make it one of the best
crossings .about town. Mr. R. Irwin
is overseeing the job.
Mr. Robert Beacum, of Porter's sold his property en Victoria street
Hill, may blame his cow for the acci- to. Mrs. Butler, has bought again,
dent which befel him last week. He this time the house on"James street
was fixing the house when the bo- owned by Mr. Arthur Cantelon. This
vine came along, brushing down the dwelling has been occupied by Mr.
ladder. Mr. Beacom fell so heavily , Wilfred Pickett, who has bought the
that he broke both bones of his leg house opposite the Motor Works
just above the ankle. !which has been leased by Mr. Baw-
Elliott & Mitchell forwarded threeden.
carloads of turkeys across the pond i On Tuesday evening at a meeting
this week, from Goderich, Lucknow !held in Mr. W. Brydone's office a
and Clinton The average price paid University Club was formed with
the following officers elected: Pres.,
W. Brydone, Vice, Dr. J. W. Shaw;
Sec.-Treas., R. E. Manning. It is
the intention to put on a course of
University Extension Lectures, the
lectures to be given by University
Was Young
The Clinton News -Record,
November 28, 1912;
Mr. Wm. McClinchey, who recently
per pound was seven cents. The
birds are shipped in crates, two do-
zen to the crate.
The annual meeting of the Hockey
Club was held on Friday evening,
and reorganized for the coming sea-
son with the following officers being professors and to be open to the pub-
lic. The first lecture will probably
be given in January
The Jubilee of Turner's church,
Tuckersmith, was celebrated on Sun-
day and Monday last. Rev. J. E. Ford
Conducted the ,services and Rev. S. J.
Alii, conducted the evening service.
The present church building dates
from the year 1862 and was erected
during the pastorate of the late Rev.
John Mills.
Miss Myrtle Reynolds of London
to attribute the payment to an awak-. has taken a position as junior tea-
ened conscience. I cher on the C.C.I. staff.
Mr. S. Walker, bus driver of the
Hotel Clarendon, met with ,an ac-
cident which will lay him off duty
for a few days. He had gone to the
basement on an errand, and stumb-
led over some blocks of wood, cut -
BANK OF MONTREAL igurelii reflecting the , steady im-
•prevenient in business conditions •in
ISSUES ) STRONG the Dominion, Deposits also showed,
a steady tendency towards higher
ANNUAL STATEMENT levels with the result that total de-
,
Posite now amount to $717,799,105, as
compared with $691,312,054, in 1936.
Galin, of Over $30,000,000 in Current A. good general idea of the Bank's
Loans brings total to $204,760,812, strong position can be gathered from
increased from $174,141,011—Total the statement which shoves it now has
Assets are $829,633,950 -- Liquid ,total assets of $829,633,950, with
Assets at $599,051,153 are equal to:whiCh to make payment of lialailitiet
79.58% of all Liabilities to the to the public of $752,736,753, which
Public. • • 1,,; peeves an excess of assets over lia-
bilities to the public of $76,897,197.
-
The Bank of Montreal•s annual moderate increase in profits
statement, just issued, reveals an in
crease of over $30.000,000 in current' As a result of the substantial in -
elected: Hon. Pres., Lt. Spooner;
Pres., J. P. Doherty; Sec.-Treas., I.
R. Read; Capt., Harry Sharp; Execu-
tive Committee, W. Doherty, Jr., Ed.
Cantelon and Harry Mason. •
Mr. D. Cantelon niet with an un-
usual experience Thanksgiving, Day
when he received sixty dollars from
Manitoba as payment of an account
contracted fifteen and a half years
ago. Money must be flush in the
Prairie province or is Mr. Cantelon
Miss Blanche McAllister, a gradu-
ate of Clinton hospital, has just been
appointed superintendent of the in-
stitution. Miss McAllister is well'
fitted for the position.
Rev. C. R. Gunne of London, for-
ting his face badly. It has been con- merly rector of St. Paul's church,
sidered advisable that he stay in out I who addressed the A.Y.P.A. on Mon -
of the cold. day evening, was the guest while in
We have it on pretty good author- town of Mrs. Farran.
ity that Mr. W. Doherty is closing the
deal for the purchase of the Dinsley
corner and will donate it, together
with five thousand dollars in hard
cash, to the Rattenbury St. Methodist
church ftr the erection of a new place
of worship.
Mr. A. J. Grigg recently disposed
of his noted Duckwing Game cock
to a gentleman in Blenheim. This
bird was the winner of the first prize
at the World's Fair, Chicago, and
also two firsts in New York, in 1894
and 1895.
Mr. Hugh Rorke was able to re-
turn to work in the Organ Factory
on Monday after a five week's ab -
loans as compared with last year's crease in general business net profits
statement, indicating the expansion show a moderate increase over the
that has occurred in trade and menu- I previous year. After deducting gov-
facture throughout the Dominion. As ernment taxes of $942,957 the total
a result of the greater amount of profits amounted to $3,408,328.80, e-
business handled there was also a quivalent to 4.47% on the capital, res'
moderate gain in net profits. I and undivided profits. These compare
The statement, which is for the with $3,181,501 in the previous year.
year to October 30th, is being publish- From the, profits and usual dividends
ed throtighout the country in an eas-', were paid, and an appropriation was
ily understandable form, with explan- made for- bank premises of $400,000
ations of its various features. The leaving a balance to be carried for -
general statement shows total assets ward of $128,328.
of $829,633,950, up from $805,081,998.The principal items of the state.
Of this amount total liquid assets at ment, with comparisons with those
$599,051,153 are equivalent to 79.58% of the previous year, are as follows:
Miss Beatrice Greene will spend
the week -end the guest of Miss Snow-
den of Varna and will assist in the
musical exercises at the Methodist
anniversary there on Sunday. '
Dr. Newton of Lucknow was a guest
at Wesley parsonage over the week-
end, having come down to visit his
son, who is one of the teachers -in -
training at the Model Sthool.
For some time talk of more pub-
licity for Huron has been in the air.
At a meeting held here in the Town
Hall an association was formed and
the following are the officers: Pres.,
Mayor Grigg, Seaforth; Vice -Pres.,
Reeve Leckie, Brussels; Sec., Jas.
sence with a badly cut thumb. Mitchell, Goderich; Treas., B. C.Itm-
••••••nings, Goderieh; Executive flom.,
Reeve Govenlock, McKillop; Mayor
Spotton, Wingham; Reeve Glen, Stan-
ley; John Ransford, Clinton; Reeve
Heaman, EXeter; Warden Ste'hers,
Ashfield; Reeve Livingstone, Grey.
of liabilities to the public. Included, 1937
in liquid assets are government and Total Assets 829,633,950
other bonds and debentures, totalling Liquid Assets 599,051,153
Gov't and other
Bonds . . .437,381,825
Call Loans out-
side Canada 19,878944
Call Loans in
Canada . . . 6,857,700
Tot. Deposits 717,799,105
Capital . . 36,000,000
Rest 39,000,000
. Profits . . 3,408,328
$437,381,825.
Growth of Current Loans
The department in which the most
notable increase has been made is
that of current loans to manufactuir-
ers, farmers and merchants. As a
result these loans now stand at $204,-
760,812, up from $174,141,011, a gain
of over smoc000 for the year, these
•••••••••
From The Clinton New Era.
December 3, 1897:
Ihrork was resumed at the Flax mill
last week, with a full force of hands,
but they have had to shut down oc-
casionally because the particular
work they have been doing—seutching
—could not be as well done in damp
weather as in dry.
Sid Smith, the well-known cattle
dealer, was speaking the other day
of the losses sustained by dealers
in export cattle this season. He stat-
ed that on one particular shipment
from Clinton he had dropped $600.00.
John Forden has rented Mrs Spar-
ling's farm on the Cut Line, Goderich
Township, for a period of five years.
He gets possession on the first of
January.
The trustee a whose term expires at
the end of the year are Messrs. W. S.
Harland, ,T. C. Stephenson, R. Agnew
and T. Jackson, Jr. All are eligible
for re-election.
John Hunt was home from Galt
for a couple of days, having got a
piece of steel in his eye, which ne-
cessitated his quitting -e.-ork for a few
days.
Mr. J. S. Read, lately with McPher-
son & Hovey Co., has secured the
position of stenographer with the
Stores Department, G.T.R., London.
Mrs. Wanless. Varna, is visiting
her daughter, Mrs. Hagby. She is
one of the pioneers of Stanley, and
although well up in years, is still
quite active.
The Bishop of Huron has appointed
Mr. Smith, son of Rev. S. L. Smith
of Bayfield, to take charge of the ser-
vices at Middleton's , Holmesville,
and Summerhill, formerly in charge
of Rev. Mr. Stout; he has already
entered on his work. Mr. Smith will
be inducted in June.
Miss Morton is still, assisting the
pastor in special services hi North
Street Church, Goderich.
leer,. S. Acheson, of Kippen, on Sab-
bath, Nov. 21st, entered upon
fourteenth year as pastor of St. An-
drew's church, Kippen and Hillsgreen.
The Clinton New Era,
November 28, 1912:
Mr John Wise, of Tueltersmith,
purchased the Meglarcherty house on
Joseph street at present occupied by
Mr. R. T. Dunlop. Mr. Wise does .not
intend to move in until spring.
Mr. Hoare of the Music Emporium
has just sold nice instruments to Mr.
A. Goodwin of town, for a wedding
present to his daughter, Mrs. Mc -
Math; and one to Mrs. J. Cook, of
Constance.
Mr. McDonald has resigned his
position on the C.C.I. staff and has
been succeeded by Miss Reynoldi of
London.
Fire early yesterday morning to-
tally destroyed the woolen mills pro-
perty at Blyth. The mill, which has
been closed down for several years,
will be a complete loss4ho the owner,
Mr. T. R. Forsythe, of Ottawa, as it
was uninsured. The fire marks the
passing of the first manufactory in
the town, it was established by the
present owner's father 27 years ago.
1936
805,081,998
606,472,587
442,781,097
25,400,166
8,169,988
691,312,054
36,000,000
39,000,000
3,181,501
/
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...: YOUR WORLD &N[) MINE/-
c'.(Copyright)
c,
by JOHN C. KIRKWOOD, i;
Itor• ' re.w..........w.ww.verereerermeeree.www.weeed.:
From a friend in England has come But I forgot to start with details
a letter to me—a`letter which I wish 'of the property. The farm is 65%
to communicate to my readers, not acres, up on a high plateau that lies
merely for their enjoyment, but also , south of Canterbury, east of Wye and
for their encouragement should they 'north a the Southern Ashford-Folke-
have had T -B or should friends of 'stone line. We are 485 feet up. The
theirs have bad cases of T -B. Isoil is ideal for C.O.P.'s, being brick
clay over chalk. There are no streams,
The writer of ,the letter is a Cana- yet Water disappears, in time. But
dian, in his middle 60's. He was the clay "poaches". Cattle and plow -
brought up on an Ontario farm. He ing have packed the soil a few inches
is a graduate of both Toronto Univer- I down, so water in many places is held
sity and O.A.C. He took up journal- I as by a pan when there is a good deal
ism, and started a farm paper. Later 1
of rain. Last winter's wheat was
he went to England. In London he : drowned,
and most of the other crops
and I had very close association in the sown M the autumn.
business of advertising. Then he had
a severe breakdown in health — one
lungwholly gone, the other nearly
gone. He went to Switzerland to see
if the climate there would succor him
from his ailment. It did—it and his
own strong will to live. '
I wrote of this man in one of my
contributions to The News -Record a-
bout two years ago. Then this man
told me that he' was farming some-
where in Kent, and that he could walk
about like a well man. But in the
last two years I had no word from or
about this man until his letter arriv-
ed a few days age. This letter 'is
wholly about this man's farming. He
We have been running as a dairy
farm, buying a herd of 18 cows and
some heifers and a bull when buying
the farm. We have had our bit of
the disease one reads about.
You will appreciate the necessity
for keeping up a large gross income
to cover ihe overheads. When cows
fail to freshen, the income must fall.
A cow in that fix becomes so much
waste capital except for iter scrap va-
lue. Unless one can buy a new and
good fresh cow—the most costly sort
—one is in the cart.
Our milk yields this year have been
high during the summer, but low in
winter and spring. We have three
had married a city -bred Woman. Now three sows, two good ones.
for his letter.
PICOBAC_
PIPE
TOBACCO
FOR, A IYI I 1:,D. cbgn:ws MOO
I have got the farm, and it has
kept me as busy as a hen on a hot
griddle. In particular I have felt that
1 should not spend what little time
possible for writing on personal af-
fairs when I am terribly behind with
bookkeeping and a statement I owe
to N.A.B.C. That's why 1 have put
off writing you. But now I am -writ-
ing you without waiting for the book-
keeping --it will take so long to fin-
ish that I don't feel I can let your
letter wait upon it any longer. We haven't begun planting or-
chards yet. Can't finance that, but
It is nearly two years since we took hope some day to do so. The expert
possession here. The seasons have in charge at East Mailing Institute
not been kind—far to the opposite pole examined lands for us, and said that
—and it has hindered work and in- this was the best we could hope to
The girls of the C.C.I. have formed
a basketball team and are issuing
challenges far and wide. They also
intend organizing a hockey team—
that is if a rink is opened here this
year.
Our one trouble has been not
enough capital to keep up output ev-
ery week. I believe that is the key
to success, enabling one to buy the
replacements as needed out of in-
come.
We have been taking our milk into
Canterbury twice a day until the
contracts October 1st; now once. It
saves us nearly £60 a year, and we
have a little better price on part of
the sales, so we should be about £80
better off that way.
come beyond even the Passimisi s find for C.O.P.'s. A very large and
ideas. We are not out of the wood successful grower has planted 300
yet, but there are perhaps better acres across the road, and has now
prospects than last winter. We our- bought another 340 acres similar land
selves'aneworking hard and benefit- the other side. Yon may ask, How
ing from it immensely. Frances is does he get the large sums neces-
now a real modern farmer's wife— sary? He gets them out of fruit -
she likes the life better than when all growing right round here.
was new and strange. Billy is as big
as I ever was (17 this month) and is Our' farm has a decent house—not
growing. The oldest is well along as in good repair—but hardly enough
a nurse in training at Margateland good buildings considering that the
the youngest, Eleanor, is still at school soiLis mud all winter and the animals
in Canterbury. need special accommodation in con-
sequence. We have hauled a great
I work- rather long hours,.but ean- deal of chalk to put dry footing in
not do strenuous things. I drive ,the the roads and yard, but not a fraction
tractor, feed the pigs, do repairs and of what remains to be carted.
building jobs, and try to keep man- We have put a lot of artificials and
agement up to the line generally. I
dung into the land, and yields of hay
have not had any trouble with health are better, and we are cutting down
in years now, though often I am bare -
the awful cost of concentrates by
ly able to crawl with fatigue, and go
soiling crops, green crops of oats and
to sleep at meals. ., - ' tares, etc.—cut as feed --and by kale.
Notwithstanding all the long hours They are the right line, as they give
of work, we are generally behind. two heavy crops a year and enrich
Weather defeats us and compels ad, the soil, so that in five years we
ditional work,, and there was a great
should be able to plant 10 acres. to
deal to do to make the equipment
fruit and not cut down our gross
workable; e.g., we have refitted the
yield of crops or our herd of cows.
cowshed to get 'accredited license and
a bornis or premium. of a penny a gal-
lon from the Milk Board. The tractor I've left to the last the fairy tale of
bought at 110 when one of the horses how we bought land and -stock, I tried
The W.C.T.U. held a very pleasant
Parlor meeting in Wesley church' on
Wednesday afternoon. The speaker
for the occasion was the Dominion
Organizer, Mrs. Hyslop. Mrs. Wallis
presided. Six boys, Fred. Wallis,
Murry McNeil, Ambrose Maguire,
Merritt Nediger, Willis Cooper and
Albert Wright gave a temperance se-
lection. Misses Beatrice, Greene and
Marion Irwin sang a duet.
Mr. Dodds ,Holloway, of Kincar-
dine, spent' the week -end at his home
here,
• Mr. Z. Forrester left this week for
Walkerville, where he has taken a
position with the American Motor
Company.
Misses Amy Howson, and Jennie
Robertson, Mrs. Wm. Gunn and Pr.
BANK. OF moNTra
Established 1817 •
tA presentation, in easily understandable form,
of the 'Bank's
• ANNUAL STATEMENT
30th October, 1937
LIABILITIES
LIABILITIES TO THE PUBLIC ,
Deposits . . • . . . . $717,799,105.99
Payable on demand and after notice.
Notes of the Bank in Circulation . . 24,428,895.00
Payable on demand.
Bills Payable 213,945.47
Time drafts issued and outstanding.
Acceptances and Letters of Credit Outstanding . . 7,759,145.50
Financial responsibilities undertaken on behalf of customers
(see oif-setting amount hi "Rerources").
Other Liabilities to the Public . • . . 2,535,661.75
Items which do not come under the foregoing headings.
Total Liabilities to the Public . . • $752,736,753.71
LIABILITIES TO THE SHAREHOLDERS
Capital, Surplus and Undivided Profits
and Reserves for Dividends . . . . . 76,897,197.27
This amount represents the shareholders' interest in the Bank,
over which liabilities to the Public take Precedence.
Total Liabilities . . . $829,633,950.98
RESOURCES
To meet the foregoing Liabilities the Bank has
Cash in its Vaults and Money on Deposit with
Bank of Canada . . ...
Notes of and Cheques on Other Banks .
Payable in cash on presentation.
Money on Deposit with Other Banks
Available on demand or at short notice.
Government and Other Bonds and Debentures ., .
Not exceeding market value. The greater portion consists of
gilt -edge securities which mature at early dates.
Stocks . ....... .
Industrial and other stocks. Not exceeding market value.
Call Loans outside of Canada . . . . .
Secured by bonds, stocks and other negotiable securities of
greater value than the loans and representing moneys quickly
available with no disturbing effect on conditions in Canada.
Call Loans in Canada • .....
Payable on demand and secured by bonds and stocks of
greater value than the loans.
Bankers' Acceptances . • . . . • •
Prime drafts accepted by other banks.
TOTAL OF QUICKLY AVAILABLE RESOURCES
(equal to 79.58% of all Liabilities to the Public)
Other7pLuionquni
aschtrers, farmers'iiirchants and others, on conditions
consistent with sound banking.
Bank Premises
Two properties only are carried in the names of holding
companies; the stock and bonds of these companies are en-
tirely owned by the Bank and appear on the books at $1.00
in each case. All other of the Bank's premises, the value of
which largely exceeds $13,700,000, appear under this heading
Real Estate, and Mortgages on Real Estate Sold by the
Bank
Acquired in the course of the Bank's business and in process
ol being realized upon.
Customers' Liability under Acceptances and
Letters of Credit ..... . .
Represents liabilities of customers on account of Letters of
Credit issued and Drafts accepted by the Bank f or their
account,
Other Assets not included in the Foregoing .
•
$ 86,226,720.23
27,718,431.85
20,665,157.41
437,381,825.01
286,235.50
19,878,944.34
6,857,700.39
36,138.52
$599,051,153.25
204,760,812.11
13,700,000.00
1,192,681.35
7,759,145.50
3,170,158.77
Making Total Assets of . . . • • $829,633,950.98
to meet payment of Liabilities to the Public of 752,736,753.71
leaving an excess of Assets over Liabilities to the Public of
$ 76,897,197.27
PROFIT and LOSS ACCOUNT
Profits for the year ended 30th October,1937, after making appropriations
to Contingent Reserve Fund, out of which Fund full provision for Bad
and Doubtful Debts has been made, and after deducting Dominion and
Provincial Government Taxes amounting to $942,957.54 . • •
Dividends paid or payable to Shareholders . . $2,880,000.00
Appropriation for Bank Premises . . . e 400,000.00
Balance of Profit and Loss Account, 31st October, 1936 .
Balance of Profit and Loss carried forward
CHARLES B. GORDON,
President
•
33,408,328.80
3,280,000.00
$ 128,328.80
1,036,534.73
$1,164,863.53
JACKSON DODDS,
G. W. SPINNEY,
Joint General Mangers
* * *
[
The strength of a bank is determined by its history, its policy,
its management and the extent of its resources. For 120 years the
Bank of Montreal has been in the forefront of Canadian finance.
fell dead had to be taken down and every possible prospect to raise a
repaired and fitted several times un- loan, and it seemed that none would
til got expert at it. Pigpens have take it seriously; but I kept on. The
Gandier atterided the anniversary sex -
had td be concreted little by little; N.A.P.S. at last let me know that
vices in Seaforth on Sunday. •fences to be fixed up; and so on. they might help some, and all 5 need- cord with relish and. enpyment. It boot -straps. J11 ill
ed was a first mortgage from the
Agricultural Mortgage Corporation
and a second mortgage loan of 1400.
Having got the valuation of the Cor-
poration showing the substantial va-
lue of the farm at £1700, and of the
live and dead stock at £640 (the
price was got down to £2200). I put
it up to Mr. . . . .of Covent Garden,
a wealthy fruit firm, whom I'd never
seen before, in a memorandum left
with his secretary before the appoint-
ment. After questions were asked
and answered for 20 minutes, in which'
bbth of, us showed our knowledge of
farming, he said that he would lend
me £500 at 5% on second mortgage.
He afterwards took the entire loan at
45,4% for 81150, and 5% on 8500. He
is a prince, and the N.A,P.S. are a
royal family! They have hacked us
up beyond all dreams.
I should say that we had to get a
second-hand De Laval milker as Bil-
ly had no milking training, and he
runs the milking, cooling, sterilizing,
etc., daily„ feeding calves, horse
chores, etc. Up at 5 and ,at it all day
like a good top hand.
DOINGS IN THE SCOUT
WORLD
Scouts Aid Mounties in Lost Boy
Search
The part taken by 16 Regina Boy
Scouts in the search for a mentally
deficient boy lost in the Eagle Hills,
20 miles south of the city, was high-
ly commended in the report of the R.
C. M. P. Inspector in charge of the
search. The boy was found.
Tomorrow's Stout Men of the North
Unlike many adult hunters and
prospectors from thne to time lost in
the North country, when Scout Louis
Vollans, 15, accompanied by four
younger boys, including one of five,
found he had lest his bearings in the
heavy bush near Wanless, north of
Flin Flan, during a Saturday after-
noon hunting expedition with a small
,rifle, he did not Mae his head.
When darkness • shortly came on,
with a chilling wind, he bivouacked
for the night, kindlea fire for
warmth and comfort, and grilled the
partridge they had shot. The part-
ridge be divided with care, giving.
the breast meat to the youngest boy.
Then, in preparation for daylight, he,,
took direction from the North Star
and set a stick pointing in the direc-
tion that should bring them out on
the railroad. Early in the morning
they set off, and finally came out on
the rails four miles from home.
Meanwhile the alarmed searchers
who had failed to find them the pre-
vious afternoon and evening, were on
the point of summoning aid from Flin
Flon. A lookout on top of the station
water tank reported distant figures
on the track. A section man sped'
away on a gas -ear to investigate, and
the lost quintet were soon safe back -
at home.
But for Scout Vollans' coolness and
head work the lads might have been
lost for several days, if nothing more
serious had resulted. The partridge.
was the only food eaten since leaving
home, and they had been without wat-,
er. The stout little five year old,
when asked if he had not been ter-
ribly tired, replied, "Well, I was get-
ting tired, bnt I could have gone two
more miles."
So ends my friend's letter. ,I asure that it will have been read by ing in a part of Britain, by a man The advertisements are printed for
am constitutes a vivid picture of ' farm_
all farmer readers of The News -Re- who had to lift himself up by his own your convenience. They inform and.N
save your time, energy and money._