The Herald, 1912-05-31, Page 3LrlJlf't
MAKING SAFE iNVESTME 11'S
THE DANCERS OF 'LONG DISTANCE
SPECULATION" TOO OFTEN •
OVERLOOKED.
roll} fitment Sudden Rise in Canadian Markeis
a Tran for the Unwary—Profits on f"ong
Held Speculations 'Eaten Up by Interest.
The articles contributed be "Investor"
eeni are for the sole' purpose of 'guiding pros
peaty° investors, and, it possible, of tae
tug them front lysing money throixgh
50 Placing it in "wild -tate enterprieee, The
impartial
reliable h
Information breleonThe
ary ',ot ithisof paperobaveeclno"lntere9tethe pto publishers
In connection wttb this platter other' than
In, those of tho reader.
00,
ed
ll=
(By "Investor.")
Those who have watched the steady rise
in the .Canadian stock Markets 'duiing`the
Past three months : have doubtless felt
elated if they owned some advancing
stock or disappointed if they were 'inter-
ested merelyas spectators. Let these lat-
ter console themselves with the homely
axiom that "Everything which goes up
must come down." This phrase is true of
the stock market as of everything else.
Everything which goes up without a sure
foundation and strong superstructure can-
not remain above the .general level for
long. Last week the movements of sev-
eral industrial stocks were noted. Now
many of these have advanced without a
semblance of 'foundation or superstruc-
ture. They have been carried up in the
whirlwind of general prosperity and mar-
ket activity, which at present is whirling
throughout Canada. A lull, and they drop
back to where they should be.
But how about those who eschew the
excitement of the stock market and buy
the tame and steady. but eminentlyre-
epeotable, bonds? As bonds don't go up
much at best they have but a little die-
tanee to fall at worst: So long as the
security is behind a bond. and reasonable
'careand discretion, will keep an investor
clear' of misfortunes. Like Black Lake
Asbestos, the bondholder need have no,
uneasiness over the future of his princi-
pal or the regular payment of his inter-
est. In this column, since its inception.
stress has been laid on the advantage of
investing in sound bonds over semi -specu-
lative purchasing of stocks. To deal in
stocks with any hope of success one must
of necessity be on the spot. The folly of
"long distance" speculation le obvious
when one sits quietly to contemplate it,
but all too many people outside of the
arket centres believe that by means of
he market news in the daily press and
ceasioual .communication from their
roker they can successfully purchase
peculative stocks.
Take a feverish market like that at pre-
nt. On the day this is being written
ne could have bought Sao Paulo at ten
'clock and by noon have sold' it at a ten
oint profit. Yet by twelve -fifteen the
took was back six points. Anyone not
close touch with the market who sent
n an order this morning might have Lest
veral points within in it In a" few
minutes of
he time his order was filled. The way
If the bond may be slow, but ono can
Ieop easily and not open his daily paper
ith trepidation for fear of a break iu his,
vestment that will more than wipe out
is year's ii come.
And so it goes. The speoulator in real
state hasn't the excitement of the stork
ambler, but his- losses may he no less
vera and far reaching. Many reader e
a remember the. time when. the dull
es of - 9:86 -1P2' commenced. The owner
eai estate found things change with
rising suddenness. Prom having 1•ee-
offering absurdly high prices for his
pd, he fennel -if be wanted to sell—that
or hadto o'ff'er it to the buyers. The
ids he would get weresuaily below his
rice, and worse than all, these offers be-
anie lower and lower until finally he
ound it practically impossible to roll
without severe loss. Many men who
ought speculative real estate during that
oom have only recently found an oppor-
unity to get out without loss. when the
wenty-five years interest on their money
s added. For it is a point too many
eople overlook that the longer they hold
a unproductive property the less their
hence of making a real profit; for their
oney even in a savings bank at 3 per
cent., compound interest, doubles itself
about every eighteen years. Tho result
is that a man who purchases western land
now and has to wait five years for his
profit, must sell for at least one and a
half times its value to make fifteen per
cent. on his money if we deduct interest
at 6 per cent. on the sum involved.
The man with bonds or sound invest-
ment stocks on the other hand has some
thing which is returning him an assured
income, which he can readily sell and
whims—far more important in some in-
stances—does not take time from his or-
dinary business to watch.
hi
INVESTING MONEY.
TIDO YEARS SUFFERING
Brought on by a Severe Strain--
How
t Iain --How a Cure Was Founds
Mr. Joseph Stephens,,.Rosemount,
Ont., is one of the great host who
continually sound the praises of
Dr. Williams'Pink Pills, and he
has much reason to do so as they
brought him from suffering to
health,' after he had spent much
money and two years of time ex-
perimenting with other treatments.
Mr. Stephens tells his experience
as follows: "In the month of Janu-
ary, 1908, while working in a log-
ging camp at Creston, B.C., I got
my back injured. I suffered a
great deal of pain and was almost
helpless. I tried plasters, think-
ing they would help me, but they
were of no use. I took several me,
dicines, equally without benefit,
Then, 1 was advised to try electri-
cal treatment and did so for a time,
but without getting any permanent
relief, and it began to look as
though I was going to be perman-
ently crippled. Then I was' advised
to undergo treatment with a speci-
alist at Spokane, Wash. After ex-
amining me he said I was in a very
bad shape and that the trouble was
likely to result in Bright's disease.
However, he told me that he felt
sure he could,cure me. At a heavy
expense I was under his treatment
for three months, but did not get
the least benefit. I was almost in
despair; work was plentiful and
wages good, but I' could not work,
as I was quite unable to bend. I
was in this condition for about two
years, when my brother, who was
with me all the time, came across
one of Dr. Williams' pamphlets
and read of the great work Dr.
Williams' Pink Pills were doing.
He urged me to try them, but I
thought it would be useless to spend
more money after all the o' her
treatment had failed. He insisted,
however, and got a dozen blues of
the Pills and I began to take thele.
Before I had used ?,:'tif a dozen
A
d
boxes I felt relief, and I c ArltIna -
taking the Pills until every ,e'tige
of the pain was gone, and I could
raise my hands above my head and
then bend until I could touch my
toes with my fingers, something
I had not been able to do for over
two years. My cure was a great
surprise to my comrades, and you
may t be • sure :.I told : them what
brought it about. I am nor as
well and strong as any man in the
country and.I owe it all to Dr. VVil-
liams' Pink Pills."
Sold by all medicine dealers or
by mail at 50 cents a box or six
boxes for $2.50 from The Dr. Wil-
liams' Medicine Co., Brockville,
Ont.
Among the securities which aro attract -
gnu attention these days none is regarded
more highly by the careful investor than
the six per cent. first mortgage bonds of
The . Spanish River Pulp & Paper Mille,
Limited.
• Exclusive of the value of the concession,
,which gives the Company the right to out
pulp _wood on an area of 6,000 square
miles, the ascots of the Company includ-
ing the Pulp and Paper Mills at Espa-
nolo; Ontario, are estimated at six 'dines
the bond issue.
Daring. its first year of operation, the
Company showed profits of $309,263.19 froin
Wood and pulp mill operations alone. The
bond interest and other charges were
,8106,627.54, leaving net profits of $202,635.65
for the year.
Iteeis believed that the earnings with the
paper' mill now in operation should bo
well over $400,000 for the ensuing year.
As the Bonds are a first mortgage on all
the Company's property, it is plain to see
why they are in such demand. At the
present price of 981.2 they yield 61-8 per
cent, per annum. Interest is payable the
let of July and the 1st of January. The
bonds are in $5011 denominations, and with
the high interest yield;'combined with ab-
atis safety of principal, snake an ideal
nvestment,
•' The Dominion Bond Company, Limited,
Toronto, will furnish complete inforhaa-
tion on request.
MUST BE GENUINE,
Mother ---I think we'd better send
for the doctor, Johnny complains
of pains in his head.
Father—It's nothing serious. He
has had them before.
Mother—Yes, but never on a holi-
iday.
Last year the output of coal in
1ngland, Scotland, and Wales was
''271;794,$60 tons.
Dawson CitYukon is the. most
� City, r
il Northerly town in the British,Em-
pire,
TORONTO CORRESPONDS
INTERESTING GOSSIP FRO0t THEN'.
QUEEN CITY,
Good Story From Ottawa—Princess Pa,•::
trivia—.loyal Family's Visit -Honors
tor Sir William Mackenzie.
(We have arranged for a regular Weekly
Lotter about Toronto and Ontario af-
fairs. Tbese letters have proved of, the
utmost interest to our readers. They
are from the pen of one of Canada's
foremost journalists, a man who has re-
ported some of the world's greatest hap.
penings, and• now occupies a leading po-
sition on one of the Ontario dailies.)
Toronto is disposed to smile at the pre-
tensions of Ottawa society. Consequent)
it has enjoyed the story, which has been
circulating for soma months, to the effect
that the Duke of Connaught was obliged
to desist from his visits to the Ottawa
Golf Club because the citizens of Ottawa,.
members of the club, were so anxious to.,
do the right thing that they always rose
to -their feet every time his Royal High
ness entered a room'- His Royal Highness'
wish in visiting the club had been •znerel}"
to enjoy himself and mix on terms of
equality with the other members. But..
when he found this was impossible he
had to abandon this particular form of
recreation.
But, perhaps, some Toronto people have
been putting their foot in it, too, during
tho two weeks' visit of their Royal High
ness, though not always through an ex-
cess of formality. It is related ghat at
one of the balls one of the guests was
hurrying to get into the ball -room; and
finding a broad back blocking the door•
way, tapped the owner of the said broad
back on the shoulder and asked hits -co
kindly etand aside. The fussy' guest war
horror-stricken to find that it was the
Duke of Connaught he had thus ad-
dressed. The orchestra made a break.
too. when they played "Oh. You Beauti-
ful Doll" on the approaoh of the Princess
Patricia. Not that the Princess is not an
unusually beautiful young lady, but the
compliment. if intended as such, was
somewhat familiarly expressed.
SWEET DISHES.
Cream Puffs.—Put two ounces of
butter into a _ saucepan, add half a
pint of water, bring to boiling point,
add quickly half a pint of sifted
flour, a pinch of salt and one tea-
spoonful of sugar ; stir well with a
wooden spoon until the mixture
leaves the sides of the pan ; remove
from the fire, allow to, cool, but not
become cold ; add four eggs, beating
each one thoroughly. Put away in
a cool place for one hour, Put the
mixture into a forcing bag with a
plain tube and force onto a baking
tin into small rounds; brush over
with beaten egg and bake in a hot
oven for half an hour. When cold
split open on one side and fill them
with whipped cream, sweetened
and flavored to taste. Sprinkle
powdered sugar over the top.
To make lettuces crisp, put a
pinch of powdered borax into the
water in which you wash' them. Let
them soak for half an hour or so
in this, then shake them from
water, wipe each leaf separately
after well rinsing, and you will be
delighted at their crispness. Salted
water softens them, but borax
cleans and freshens them up.
WOULD NOT BE WITHOUT
BABY'S OWN TABLETS
Once a mother has used Baby's
Own Tablets she would not be with-
out them. They are the only medi-
cine for little ones guaranteed by
a Government analyst to be free
from those opiates and other harm-
ful drugs found in so-called "sooth-
ing" mixtures.' Concerning them
Mrs. J. C. Wood, Underwood, Ont.,
says: "I have used Baby's Own
Tablets for the last four years and
would not be without them, as I
have found them beneficial every
time I have, given" them to any little
ones." The Tablets are sold by
medicine dealers ✓et by snail at 25
cents a box from The Dr, Williams'
Medicine Co., Brook,''ille, Ont.
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tt'iS THE W HI.T EST, LGt,tts
INSURES
P ERFECT
BAKING
RESULTS
CONTAppN3
NO ALUM
MADE IN
CANADA
tP
.4D CP ZeirE25'..AaNiCri
JxMY/ x '30''
lam 4 In nllluil iinuiiuimiirnnnJi linl a
•'1',,-Arelteeral I,y r:.+ ."'. - •
foie
ar•rti
vanrllst
fourth
fourth'
t Custard. --Two cup -
ilk, two tablespoonfuls of
half a teaspoonful of
;.tract, two egg yolks, one
teaspoonful of salt, one -
cupful of sugar. Scald
-silk, mix arrowroot and sugar,
tdd to scalded milk and cook 10
minute -s. Beat egg yolks slightly,
THE PRINCESS' BEAUTY. -
This question of the Princess' beauty
lass been a favorite topic of discussion
since Torontonians have had an oppor-
tunity of looking at her face to face.
On the whole it may be said she has
come up to the advance notices, if one
may so speak of a Princess, though most
observers, human -like, have admired• her
with the mental reservation that one or
more of their acquaintances excelled it
good looks even the Royal beauty., Hers
.is the typical English type of Beauty,
mild and sweet and lacking in animation
Her features are finely moulded and re-
gular with the exception of the cheek
bones, which are noticeably high. ,
Despite her good looks, however, press
photographers testify that the Princess is
what is known in that profession as
"camera -shy.' In other words, else takes
pains to dodge or duck her head every
time she sees a camera. At some of the .
outdoor functions she attended there were
all sorts of"sna li-shatters." But very
few of them got areally gond picture of
her Royal Highness, who without appear-
ing to bo conscious of eche presence of the
camera -men, proved to be an adept at
keeping her face out of range. •
ENTERED LIFE OP THE TOWN.
This visit of the Royal Family has been
in many respects a much quieter event
to Toronto than the one last autumn. The
first visit was a State affair, and all the
functions were, accordingly. formal., This
-time there has been "much more, infor-
mality, with jlilat;ien ugh- ofe.etieeetentra
pings of State, suoh as the scarlet • tinge
formed outriders, which often heralded
the approach of the Royal visitors, and
never failed to bring throngs of specta-
tors. to tickle the fancy of the multitude.
Their Royal Highnesses made an e.'rnest
effort -to enter into the real social life
of the town. To this cud they went -about
freely, accepted many invitations and they.
themselves entertained a great deal.
Nearly every day a score or two represen-
tative citizens, judges, lawyers, clergy-
men, physicians. newspaper editors and
captains of industry were invited to lunch-
eon or dinner, as other engagement's per-
mitted. In this way they came in con-
tact with a great many people in a more
or less intimate manner, and doubtless
learned a great deal of the various opin-
ions and points of view of Canadians,
Torontonians, on lheir part, were delight-
ed with the frank and unaffeeted marl-
ners of the Royal hosts and their staff.
There was an entire absence of "side" and
apparently a genuine pleasure in making
new acquaintances.
HONORS FOR SIR WILLIAM.
Sir William Mackenzie, who placed his
residence, Benvenuto," overlooking the
city from the heights at the north. at
the disposal of his Royal Highness, prom-
ises to be ehortly one of the richest men
in the world, if his many railway and
other schemes develop as expected. It is
rumored, too, that there are high Im-
perial honors in store for him, that his
present knighthood will soon be supplant-
ed by more important titles, but to this
there can, of course, be no present con-
firmation.
There is a story that Sir William se-
cured the palatial Benvenuto from its
former owner for a consideration of 1,000
shares of Toronto Street Railway stock..
According to report, this stock cosi the
President of the company shout $10. a
share, so that for the equivalent of $10.-
000 he got a property that is now worth
probably $150,000 or $200,000. This is but
an example of the Mackenzie luck—or
foresight.
Many people suppose that air William
was the Duke of Connaught's host at
Benvenuto during the Royal wish. This
is hardly correct. The residence was
simply turned over to His Royal 'Hieee
nese, Who brought his own servants, some
twenty in number, while Sir William and
his family Bund quarters elsewhere.
GALA DAY FOR TIIE CHILDREN.
Empire day has come to be a great
event for the school children of the city.
On that day they marched, many thou
sand strong, to Queen's Park, there to lay.
their• garlands of flowers on the monu-
ments of statesmen and heroee which
adorn the approaches to the Parliament
buildines. The ceremony is a conception
of School Inspector Sanwa L. Hughes, who
generally arranges that some outstand-
ing notable shall be present to lend dig-
nity and interest to the proceedings.. This
year he was particularly fortunate in the
presence of the Duke of Conns,ught, and
the feature of the afternoon was whets
his Royal Highness reviewed the scene,
from a position at the base of the manic-.
meat to his mother, the late Queen 'Vic-
toria,
Viatoria, which unfortunately is one of the
least impressive of the Queen's Park me
modals
A MILLION FOR TORONTO.
It is quite the fashion now to talk about
the day when Toronto will have a milIiou
ponulatioe, Add the promise of an early:
fulfilment of the prediction has just been
given color by the report prepared
hoard of expert engineers, who were asked
to prepare plans for a water supply for`
the future Toronto. In their report i;blsey, ,
speak oontideutly • of a 'Million holiuie,-,
tion' in, the,: neat future, 'and have dreil#11,
olans acdorclsngly. *lint th'ev are.-•cpllttat•'
ink front ''Toronto, a lee of 825,000 for,.Keir
brief work, and "perhaps felt the need Of
r little flattery to help .the.iie .theirbill aleteg.
irrwever, there are smite optimists who
talk of two million people within thirty
years,
.add salt, pour milk mixture onto
eggs, return to double boiler ; stir
constantly until thickened. Cool,
flavor and serve in custard cups.
There are in Ireland three mil-
lion acres of peat deposits.
A girl can be sentimental even
about the way she eats pickles.
•
An Absolutely Safe 6/ Investment
iff T14 First Mortgage Bonds of Price Bros. & Company 6 per cent. on the invest-
menilic
ured by first mortgage on one of the finest paper mills and over four
millres,�ofthe best pulp and timber land in America ---insured with Lloyds,
of ri, England, against fire. -•offer a most attractive investment. The
present net earnings of the Company are sufficient to pay the bond interest twice
over. The growing demand for pulpwood is yearly increasing the value of the
Company's properties. These bonds have been purchased by the best informed
financiers in. both Canada and England. At their present price they yield 6 per
cent interest. Considering security, earnings, assets, and the likelihood of
appreciation in value, Price Bros. & Company bonds constitute an exceptional
1nvesire..1. q
Write for full description of these bonds.
YAL
�®
CURITIES
RP®RAi[ONLINI1TED
BANI*. I' MONTREAL BUILDING - • - YONGE AND QUEEN STREETS
M. WHITE TORONTO
Menager
M ONTREA L -O UEBEc-HALIFAX-OTTAWA
LONDON (ENG.)
To I
NTEE
Larger Return Probable.
ceders elf the 7 per cent. Preferred Stock of The Stamen
any, Li:mlted, enjoy the full benefits of straight partner -
because, :in addition to the regular 7 per cent dividend on
ak,OIiay Share equally wit Common Stock In all
s' .•- .
s' of the ofertodr.d. end; rt. aiices pr n
se Company has been in successful operation for close to a
gdar•tsr.of a century, and with its present capacity cannot now
ail more than 60 her cent. of its orders.. In addition, the Com -
pally hbldsalarge number of oxceedinglyvaluable timber limits.
Subject to prior sale, we offer $50,000 o: the 7 per cont. Pre-
ferred Stock of the Company at Si00 a share. Dividends are
paid June 1st and December 1st.
• . We would be pleased to send you circular giving full par-
ticulars tegarding the Company, or, if you would prefer, would
have ono of our representatives call on you.
NATIONAL SECURITIES CORPORATION, M.,
CONFEDERATION LIFE BUILDING, TORONTO, ONT
T6
•
The
New
�► erfection
,Toaster
Anyone, even a
little giri, can
make toast on the
New Per: tenon.
. re" -s -w Le. ?"7L'±iLt+ .S'F'ERM,EE•,•...'
0111 cook -Stove
She will not bum the toast, and she
will not burn her fingers either, if
she uses the New Perfection Toaster.'
For toast or r®,, setthere ts no other stove that is as
quick and as handy as the New
For boil or broil Perfection Oil Cools -stove —the
convenient stove for all purposes,
F" or fry or bake
all the year round.
Every dealer has it. Handsomely finished in nickel, with cabinet
top,drop shelves, towel racks, etc. Long chimneys, enameled tur-
quoiseMlxlue. Macle with 1, 2 and 3 burners. Free Cook Book with
every' AOC. Cook -Bonk also given to anyone sending 5 cents to dower
Inetilitlg cost.
,TIIE IMPERIAL. OIL: COMPANY, itea
Winnipeg. Montreal, St. John, Halifax and '
Queen City Division, Totonta
FROM ERIN'S GREEN ISLE
NEWS BY MAIL FROM IRE.
LAND'S SII•oE1GS.
happenings in the Emerald Isle of
Interest to Irish -
i1.
The freedom .71ublin has been
conferred up Dr. Kuno Meyer and
the Rev. Canon O'Leary. •
Belfast corporation decided to
elect Hon. Whitelaw Reid, the U,
S. ambassador, a freeman , of the
city.
A commissionappointed to in-
quire into the alleged scarcity of
the Irish milk supply, met recently
in Limerick,
Two men were killed and four
others seriously injured by an ex-
plosion at the Muspratt Chemical
works of the United Alkali Com-
pany at Widnes.
The King has appointed Sir John
William Moore, M.D`., to be one of
the Physicians -in -Ordinary to His
Majesty in Ireland, in room of Sir
Francis Richard Cruise, 'deceased.
Charged with assaulting the pa-
lice, during a, disturbance after a
"wake," ':'two men were sentenced
to three and erne month's. imprison -
mint , at Enniskillen, County F er-
managh..
There was held recently in the
Theatre of the Royal Dublin Society
a conversazione of the Dublin Sec-
tion of the Institution of -Electrical
Engineers, at which about 300
guests were present.
A man's skeleton was, unearthed
recently at Stillorgan and beside it
were copper coins, pennies and half-
pence of the reign of George III.,.
which would indicate that the re-
mains are those of a person who
died about 100 years ago.
Silver medals to two, bronze me-
dals to seven, and certificates and
commendations to over fifty other
Royal Irish constables were granted
recently by the Dublin Committee
of the Society,for the Prevention of
Cruelty to Animals.
The new Rose urban council has
decided to build twenty new arti-
sans' dwellings at 140 pounds each,
which will enable them to be set at
2s. W. a week rent. The local Gov-
ernment Board have sanctioned a
loan of 3,000 pounds. '
While a party of military were
carrying on bridging operations on..
the Liffney near Island Bridge on
Satltrdy last, about a dozen men
.were precipitated into the .water;.
and.-sotne exciting scenes any: l (-
forts at life-saving followed.
The death has occurred of Mr.
Drank Marnane, for many years a•
traveller in connection with big
drapery firms in Dublin and Lon-
don. Deceased was a native of Tip-
erary, and started business life in
Cork, where he was very popular.
Richard Dalton, fowl dealer,
Mary'boro', is the proud possessor
of a chicken with three legs. The
third limb is fully jointed, but ri-
gid, and is only furnished with two
toes. It has grown -out at right an-
gles from the left leg and parallel
1 with the tail.
Drogheda Guardians have decid-
ed to try to withdraw their support
from the Trim Industrial School
consequent on the recent tragedy
there which resulted in the death
of the assistant master. The Drog-
heda Union has paid 700 pounds per
year to the upkeep of the school.
MOST PRIMITIVE RACE.
Iiubus Have Little More Intent-
genee than Apes.
A people without any form of reli-
gion, without superstition, devoid
of any thought of the future state,
has been found in the interior for-
ests of Sumatra, ,according to Dr.
'Wilhelm Valez, the geologist of the
University of Breslau, who has
made extensive journeys through
the island.
There he found the Kubus, as he
named them, who are scarcely to be
distinguished from the small man-
like ape of the Indo-Mayalan coun-
tries.
They are wanderers through the
forests seeking food. They'have no
property. They are not hunters,
but simply collectors. They seek
merely sufficient nuts, fruits and
other edible growths to keep them
aliThve,
e Kubus wage very little war-
fare- upon the small amount of ani-
mal life in. their silent and sombre
land, The only7totien he could -get
1 from them of a difference between
n live and a dgatl person r its tba
the dead do tlot bl'e�athe,
He infers that they are ilnm, a,
surably inferior to the paleolithi
man of Europe, who fashioned tool
and hunted big game with his Rin
-tipped arrow and knife. The word
they know .aro almost as Few as tb
ideas they try to a cpress—Scienti
A meriean,