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HomeMy WebLinkAboutThe Seaforth News, 1933-10-12, Page 3THURSDAY, OCTOBER 12, 1933. THE SEAFORTH NEWS. PAGE THREE; GOVERNMENT OF THE DOMINION OF CANADA 1933 REFUNDING LOAN The Dominion of Canada offers for public subscription Two-year 3%% Bonds, due 15th October, 1935 Issue Price: 99.50 and accrued interest, yielding 3.75% to maturity. Six-year 4% Bonds, due 15th October, 1939 Issue Price: 99.00 and accrued interest, yielding 4.19% to maturity. Twelve-year 4% Bonds, due 15th October, 1945 Issue Price: 96.50 and accrued interest, t ' ` yielding 4.38% to maturity. Principal payable without charge in lawful money of Canada, at the office of the Minister of Finance and Receiver General of. Canada at Ottawa, or at the office of the Assistant Receiver General at Halifax, Saint John, Charlottetown, Montreal, Toronto, Winnipeg, Regina, Calgary or Victoria. Interest payable half -yearly, 15th April and 15th October, in lawful money of Canada, without charge, at any branch in Canada of any Chartered Bank. Denominations Two-year Bonds, $1,000 Six-year Bonds, $500 and $1,000 Twelve-year Bonds, $100, $500 and $1,000 Cash Subscriptions Cash subscriptions will be received only for the Six-year 4% Bonds and for the Twelve-year 4% Bonds. All cash subscriptions will be subject to allotment. Following the announcement of the plan of allotment, delivery of interim certificates against payment in full for the bonds allotted will be promptly effected. Refunding Subscriptions Holders of Victory Loan 5%% Bonds due 1st November, 1933, after detaching 'and retaining the coupon due 1st November next, may, for the period during which the subscription Lists are open, tender their bonds in lieu of cash on subscriptions for a like par value of bonds in one or more maturities of the new issue and receive allotment in full with prompt delivery. The surrender value of the Victory 534% Bonds will be as follows: 100% of their par value on subscriptions for the Two-year 3%% Bonds and the Six-year 4% Bonds. " 100X% of their par value on subscriptions for the Twelve-year 4% Bonds if effected on or before 16th October, and 100% of their par value after that date. ' No accrued interest on the new bonds will be charged on refunding subscriptions if effected on or before 16th October. After that date accrued interest from 15th October will be charged. Holders will receive in cash the difference between the surrender value of their Victory Bonds and the cost of the bonds of the new issue. The amount of this Loan is limited 10 8225,000,000. The Loan is authorized under Act of the Parliament of Canada, and both principal and interest are a charge on the Consolidated Revenue Fund of Canada. The proceeds of this Loan will retire 8169,971,850 Dominion of Canada 53.% Bonds maturing 1st November, 1983, and 840,000,000 short -terns Treasury Bills, The balance will be used for the general purposes of the Government. Subscriptions will be received and receipts issued by any branch in Canada of any Chartered Banle and by Recognized Dealers, from whom may be obtained application forms and copies of the official prospectus containing complete details of the Loan. Applications will not be valid on forms other than those printed by the King's Printer. The subscription lists will open on 10th October, 1933, and will close on w• before 24th October, 1933, with or without notice, at the discretion of the Minister of Finance. DEPARTMENT CP FINANCE, OTTAWA, IOTa OCTOBER, 1933. HURON NEWS Old -Timer at Goderich.—A wel- 'come and interesting visitor to Gode- rich last week was J. B. Hawkins, for- mer hardware merchant wlho, with Mrs. Hawleins, motored from Edmon- ton, their home, to' renew acquaint- ances in .Goderich and Part Albert, their native place. It is twenty-five years since 'they left far the West and Lady Luck has been .nro's•t kind to them. The West is a fine country, 'Mr. Hawkins thinks, and he should know for he travels out of Edmonton for the Western Canada. Flour Mills. This year, he says, the crops in Nor- thern Alberta are good, people have mare confidence and there is a feel- ing of optimism, Business actually is !better. Too much wheat is being grown, he;says, butlthe law of supply and demand will eventually rectify Phis. 'Boiler of 'I11 Fated Tug Salvaged.— 'Echoes of an eventful (summer !day half a 'century ago when thecaptain of 'the tug "Erie (Belle," vowed, in picturesque language, to pull the ;schooner "Carter," loaded to the gun- wales with lu,nb•er, •off the rocks south of Kincardine or 'blow up his tug ,in ,the aktdmpt, resounded" bast .week .when the 'boiler of the rill (fated "Erie 'Belle"—all that is left to remind old timers and visitors seeking the story. of the ship that the captain carried out this threat to blow his .ship to pieces, was .hauled from the lake bottom to the shore. Removal of the boiler was I undertaken 'by •Charles ivbacpherson,. !whose intention is to have the !boiler placed in Victoria ,Park as a reminder of the 'day's when Kincardine was once a proiud lake port. Of course, the old tbailer, rusted and corroded by pound- fng waves and lashing gales 'over a period of fifty 3flea'rs, will 'be painted and on, it !placed a plaque to tell the story of the i'hl fated tug, once : more praying the •oldadage that truth is stranger than •hcdo•n::Constructed !of half inch • steel, i10 feet high, with cop- per Rues, only one of which remains, made difficult the task of drawing the bulk from its resting place 1150 yards off shore, a mile south of Kin- cardine. Imbedded in .rock and mud two feet below the surface of the lake, it 'required several .attempts before a wrecking truck, using steel chains and a tree as a fulcrums, was 'able to pry the bailer out of its ,resting place and haul it to shore. Als if reluctant to leave the scene of the catastrophe, the .boiler snapped chains 'pat around it and struggled to remain in its rest- ing place where seven men met their deaths. Fifty years ago the "Erie Belle" blew up as its puny !boiler was. overtaxed in aneffort r to haul, the groundedlumberschooner off the racks. ,With it went seven of the crew' and spectators who had gather- ed to view the operation. A,s pieces of machinery and wo'od'work flew high in the air those on shore watched those .aboard being blown into eternity. Sole survivor of the •catatrophe is $antes Gardiner, iBruce Township, who since the mishap has lived the life of a; re- cluse ' in a tumbledown shack on a small rook -hound,' tree-studeled farm in the woods north of ,Itiverhuron. 'Miller's Worm Powders prove their value. . They do not cause any violent disturbances in the stomach, any pain or griping, but do their work quietly and painlessly, so that "the des'truc- tionof the worms is impefceptible. Yet they are thorough, and from the first dose there is improvement in the condition af the sufferer and an entire cessation of manifestations of inter-' nal trouble. I Any m'an thait is afraid of being set Milted ought t l l 't 1 PP fantec o}rg. 0 13e Supp ant ek . I ZURICH. Mrs, Boulton has returned to Ex- eter after Visiting •with Mrs. C. Either. 'M•r. and Mrs. David 'Schnell have returned to their home in. Aberdeen, Sask. (Building operations are progressing very rapidly in. town, the roofs are being pot on the buildings of L. ;Schilbe, H. Yungblut and the ,bake shop of Mr, E. Heist, The concrete •walls are up on the fore (part of the Heist block, which ,will he used as a place of business and a dwelling over head. The brick work 61 the iSchilbe block is com'ple'ted and car- penters are busy with the wood work. TOTAL OF $11,845 TAKEN FROM COUNTY FUNDS According to the report of F. R. Gibbs, C.A., of the audit 01 •the coun- ty boaks, the total s'hoktage in the ac- counts of 'Gordon Young, former :county treasurer, is $111;8!4'5129. Of this amount $412l2i1l!313 was taken in cash and 1$7,16213:9;6 by cheque. The report is a voluminous one which was filed Thursdrtiy with a statement of claim with the (local registrar, supporting a writ issued sometime ago against Young, which also seeks an injunction to prevent the convicted treasurer frrom disposing of.his property The audit eo'vers tike years 1929-30-311-32 and up to August d8, .193!3. The ,auditor's report, given in min- ute 'detail, at the outset gives a table of 'defalcations by years under the columns of ""Receipts" meaning cash. taken in and not accounted .for, and "cheques" on tnoney drawn from the county of Huron account by Young` and deposited in his own current and savings account. The table: 110119— $ 7;08.1518 111,090.00 $1,79SS3 11013:0— 1',00710:66 '11,,4210.00 2,690„56 111,311— 1,0011.i5'S ' '11,18nn,, 2,398.0'3 1932— 17119:918 2,3317.4'6 .3,•557,44 119331- 4150.1513 450:00 900;53 (up to Aug. 18) A detailed list sof deposits made in the bank ,accounts of Gordon Young over the period .is given with , those traceable to county funds underscor- ed. There is page .after page of this, 'with comments, ar •exp'lanatory notes typed opposite the entries which go to make up the shortages;- Missing cheques are marked "K ;For instance, in 19128 Young depos- ited $'3,11116:93 in his own hank account and in 19129 he deposited $'3,71111.78, The auditor comments: "Other che- ques which',were not traceable to Young's tank account appear.to be duplicate salary 'cheques. Young's sal- ary cheques were all seen and since' his salary was the only monthly pay- ment of 1$11317:50, these payments have been taken as excess' salary drawn." Then ,fol'lo'ws a ,detaile,d report of deposits in 'Young's saving account, with those amounts. traceable to the County's funds underlined. The eneaunt of $4,91211313' in cash was taken. (Receipts were issued, but the money appropriated to the treas- urer's own use, for the auditors were unable to account (for it. The various'. items under this heading include cheques returned and cashed, money. paid' in as entrance fees, examination, appeal fees, auctioneer's and peddler's licenses, tax arrears, jury, fccs, poultry permits, Division Court fees,,and many other cash items' which' in the usual run 01 'business axe paid into the treasurer of a county. The 'County of '•i-Iuron -issued its writ ,before the bonding company, the Canadian Sectn•ity Company, 'appear- ed 'on the scene or made a settlement; since the bonding company has now paid. the. County, $'7,76'0 in full state - .,,_,,t, it will be enjoined in the action, MA' FACE COURT' IN HURON COUNTY Cyrus +II. Drury, foe'nter oil comp- any executive wanted at Appin, !Ont.; on a swindling change, was turned ov- er to Ontario ;Provincial Police at Windsor by Canadian• immigration authorities, He will be taken to Lon- don, The specific charge against Drury, released 'Sept, 1 from a southern 'Unit- ed States penitentiary, accuses 'hint of obtaining $11,0.00 from Angus 'Galb- raith, 'Appin. district, by 'fraud and misrepresentation is connection with the promotion of an alleged "wild -cat" Texas oil company. It is estimated that scores .of per- sons in ,Western Ontario put money into the company promoted by 'Dru- ry. 'The doss to rural and city resid- ents would approximate $300,000. Drury .has been held by itnanigration authorities since his release from the U. S, penitentiary- where he served a term on a criminal charge. at :is said Drury ,centred his -i Ontario activities :on _Middlesex and Hu•ron counties. (Drury, who said 'his home was in 'Moncton, MB., -was turned aver al- most immediately upon his arrival at Windsor from St, Louis, Mo. United States immigration officials said -he was arrested in St. (Louis on a charge of entering that country unlawfully. lAs the purported head of an oil company, Drury is alleged to have brought a staff of agents into West- ern Ontario to encourage people to in- vest in his oil shares. !Cro'wn Attorney jntdid said it had been reported to hits that Drury took 120 or.30 people in special cars to the American oil districts and pointed out "gushers" to them in persuading them to invest. It later came to dight, Judd said, that Drury was not the owner of the wells. The promotion campaign covered a period of many months in 19'124 and 1925. • • NEWS AND INFORMATION * * FOR THE BUSY FARMER * * (Furnished by 'Ontario Depart- * ment of Agriculture. * ✓ * * * * * * * * * * Canada has about 1350 million acres of land suitable for farming purposes and of this total 1163 millions are in occupied farms of which nearly 36 millions acres are improved land, !Certain suggestions for cures for hens eating their eggs have been made such as putting dummy eggs on which the hen damages its beak or putting in the nest an egg filled with some substances such as quinine or mustard. The only sure cure, however is to hand over the bird to the cook, The seed of carrots, due to the 'fact that the individual ,seed -clusters do not ripen at the same time, cannot be harvested its the same manner as man - gels and swedes. The individual seed - clusters must be picked by hand when they become brown and several pickings arenecessary to harvest the crop in best condition. Dipping Sheep Ticks ,and other external parasites of sheep are serious enough at any time and cause more direct loss than is generally supposed, but during the period when the sheep are its winter. quarters it is even more important to rid them of all sources of irritation, It is especially desirable that the flock be clean before and during lambing, otherwise the infestation is sure to be passed along to the lambs which will thus receive a very serious set -hack at the most important period of their lives. Ridging in the Fall {One of the best methods of killing weeds is to ridge the laud in the fall. 'There are''men who claim that there is aro . benefit in the way of killing rootstocks of sowthistle and couch grass remaining in the soil after sum - met' cultivation. Others regard ridg- ing as supplementary to early after- harvesting cultivation in the eradica- -den of weeds, At the Kemptville Ag- ricultural School in Ontario ridging is considered an important tillage pralctice, all land ploughed early and Subsequently top worked being drilled up early in 'the fall, Another advan- tage of ridging is that it aids is, get- ting on the land a few days earlier in the spring which is a decided gain. on lone or heavy land. Some clays tend to run together if left in a highly cul- tivated spate all winter, but ridging up corrects this. Annual College Sale The 'O'nbario ,Agricultetral College annual auction sale will be held at Guelph, !on Wednesday, (October. 2!5: This year's offering consists of ;beef cattle, sheep and swine. No dairy cattle are being offered as the year's crop of dairy bulls were disposed of as 'calves, • The new cold storage ;plant, erected at a cost of '$35,0010, in 'connection with the 'Oxford ,Fruit Co-operative Limit- ed ,premise's at Woodstock, was 'form - 'ally o'pen'ed recently, tw+'hen't he of:flc- ials and others responsible for the building of this much-needed addition were heartily congratulated. at is ex- pected that the new plant tivill effect. a !big'ssaving for the apple -growers of the •Oxforcl district. Weekly Crop Report (Recent showers have 'brattght re- sults over most ,of Ontario, according to reports of Agricultural IRep:resenta tives, This is particularly true in Eas- tern Ontario, where pastures are re- ported good and live stock in a much itnpi;ov''ed condition. Additional moist- ure is needed in donne sections of: Western and Central Ontario, where fa'l'l wheat its reported patchy and pas- tures Short. Fall wheat acreages in many counties is reported at from 1215 per cent to 50 per cent. above that sown in 11932, !The apple crop gener- ally is reported heavy, with fruit well - colored and of good quality. (Splendid progress is being made with fal'I work, fall plowing and after -harvest cultiva- tion being well advanced. Don't Want Fat Hogs at isparticularly difficult in these days of 'lots of feed and low prices to get farmers to realize that t'he• mar- ket does dot want a fat hog, at Least not a hog of the fatted type, so popular a decade or so ago. The hog that takes the premium today is the • select bacon type, which is, compara- tively speaking, a lean hog weighing .180 to 120 pounds off cars at stack- yards,'Such (hogs have a jowl and. shoulder light and smooth, a back: from neck to 'tail evetilyfieshed, a side° long dropping straight from the back,. a belly showing thickness of ,fleshing„ a flank well let down and {flits, a 1•tanr.: full, and a good general finish with .na excess fat. The -best way to understated the type of hog that gets the dollar prem- ium is to visit a stockyard or abattoir or grading station where hog grading is +being done and see for yourself the type of hog that nets the dollar prem- ium for the .producer. Fall Dipping Imperative (Fall dipping of sheep is perhaps- mare erhapsmare important than dipping in the spring, for the reason that vermin in- fested sheep are unthrifty just at the. time they .should be at their best._ Sheep tree from ticks grow anore'.and better wool. A 'clean flock requires less feed and is more easily kept in good condition. The lamb crop is. stronger, and the Iambs themselves gnaw more rapidly, Owing to the fact that ticks are more difficult to see in thick wool in the fall, atony farmers think there are no ticks ,present and the fall dipping las a consequence is often neglected. A few ticks in. the fall multiply rapidly, with the result: that lambs lose weight just as the owner is 'preparing them far the Christmas market, and, as the Canad- ian Co-operative •Wool Gnawers aptly remark, the old ewes which should be thinking of the lambs to be born% and the wool to be shorn next spring, spend most of their time f•n scratch •ing. Itis estimated that t'he•saving in feed and .increased weight of lambs and wool may easily amount to 50c to $1.50 per ewe. ,Fall dipping is impera- tive. The cost of dipping will not ex- ceed 3 cents per head, Hulless Oats As a cheap source of high quality feed of particular value for poultry and young stock and one which can be used at once without processing. except perhaps grinding, hulless oats has no equal, writes A. Gorton 'Skin- ner, Agricultural Representative in Haldimand county, The yields as re- corded are most encouraging and compare so favorably with the ordin- ary hulled varieties as to put the hull- ess variety in the lead when consider- ing actual pounds of digestible nutri-- ents' produced, and after all that is the' point in which we are most interested. A twenty bushel crop of hulless oath weighing fifty pounds per measured bushel is equal to a yield of forty-twc, bushels when figured on the basis of. 30 per cent hull. iHulless oats are very susceptible to smut and unless measures are taken to prevent this disease, the loss will 'be heavy. Treatment is very simple,. however, and can be readily made by any farther with equipment which he. may already have. Copper cat'buuate dust is used and according to inmtruc tions issued by the Department of Bo tany, O.tA:C. should be applied at the rate off about two ounces per bushel of seed. A hand operated cement mixer is an ideal piece of equipment fon- this operation and .is in comtmcn. use in lH'aldimarnL The Formalin treatment cannot be applied to hulless oats as it will destroy germination. Carbonate dust, .on the other hand, is safe to use and seed can be treated any time when it is convenient and stored,with-, ottt injury. Treated- seed, however cannot 'be used for feeding. or milliner, purposes. A safe aril sure medicine for a eiiil'gl troubled .with swirls is Mother Gra-. ves' 'Worm Exterminator. Send us the names' of your visitors.--