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HomeMy WebLinkAboutThe Herald, 1912-06-07, Page 3George Inn, dating from . 144e, which at one time had its private chapel for the use of its guests.— London Chronicle. Adversity is the trial of principle. Without it a man scarcely knows whether he is honest or not. In the reign of Edward III. only three taverns were allowed in Lon- don. BONDS PAYING / INTEREST 9Q The First Mortgage Bonds of Price Bros. & Company at their present price pay 6 per cent interest. The security they offer is first mortgage on 6,000 square miles of pulp and timber lands scattered throughout the Province of Quebec. The timber is insured with Lloyds of England against loss from fire. The earn- ings at present are sufficient to pay bond interest twice over, and when the mill now in course of construction is in operation, earnings will be enormously increased. These bonds can be quickly converted into cash, as there is a ready market for them., If From tionally value. R standpoints of interest return and security, these bonds constitute an investment of excep- high order. There is every reason to believe these bonds will considerably increase in We will be glad to send you literature further describing these bonds. Y SECURITIES CORPORATION UMLTED BANK OF MONTREAL BUILDING - • - YONGE AND QUEEN STREETS R.M WHITE TORONTO MONTREAL-QUESEC-HALIFAX-OTTAWA Manager LONDON (ENG.) �. 1 re 1e JO d, d. ie ee of ig In at d:.. eo n - !d of c- '.e is e- a p- ts es Id of d. �i- ag re Lil , a - :s, til ad es ne 'n. Le - pt h te- h aa it lk Gr .r. m ni d 5e 1e 1 c r, Le b e PRECIOUS BiTS OF METAL KEPT IN SEALED BOXES AND BURIED IN MASONRY. One is an Inch Cube of Platinum, and the Other a Rod of Bronze. One of the queerest and most im- portant of all the cereanon'ies that axe gone through with in this coun- try—one, too,' that comes off only once in twenty years—has just taken place in the presence, as usual, of some of the loftiest bigwigs of the State. This Ceremonial, consists of unearthing and examining the con- tents of an extraordinary box bur- ied in the masonry which forms the public staircase of the House of Commons, and thereby checking the weig1its and measures used in Great Britain, writes a London corres- pondent. To get at the box mentioned, which is of oak, masons had to pull down part of the wall of the stair- case. Then, after the casket had been exhumed and its unique con- tents examined with infinite care by a band of scientists, it was put back in the cavity of the wall, which then was built up and will not be disturbed again until May, 1932. That box contains two pieces of metal. One of them is A CUBE OF PLATINUM measuring only one inch long each side; you could buy another like it for About $200, but this particular cube has a value beyond all other pieces of metal. The way in which it is guarded gives some idea of its worth. To begin with, it is care- fully wrapped up in a specially pre- pared paper uncommonly soft in texture, which is laid in another silver -gilt case. This case goes in- to another made of stout bronze, which fits into a sturdy mahogany box, firmly screwed down, and in addition, sealed in a particular way. The other thing in the box is a rod of bronze. It is carefully pro- tected, too, and is placed on eight rollers in another mahogany case. This case is securely screwed toge- ther - ther and carefully sealed. Both these mahogany cases are put in a special casket made of lead, firmly soldered and .perfectly air -tight. There is still another covering, however, the leaden casket being fitted into„ the oaken : one already mentioned. This is of specially se- lected wood, and is sealed in such a way that its contents are kept abso- lutely intact. It fits exactly into the cavity of the masonry of the staircase. The two queer pieces of metal which are guarded with such sa- credness are the standards of the British WEIGHTS AND MEASURES. They always remain of the same value. The standards which were first used came to grief in 1834, in the fire at the houses of parliament, and it took a large bunch of men of science many long years to compute and manufacture the existing two pieces of metal. The one inch cube of platinum, though so small, weighs a pound. The bronze rod is 38 inches long and has two studs of solid gold to measure off the yard. Iwo lines cross these gold studs, ancl at a certain temperature and pressure of the air, the distance be- tween these fine lines is the stan- dard of British measures. When the ceremony of examining the standards comes off, they are not touched by hands, but are held in special tongs. One of the most delicate balances known was used in weighing thecube. The yard was measured with the utmost exact- ness, a powerful microscope being used, and other delicate measure- ments were made including that of the temperature and of the height of the barometer. GOOD HEALTH FOR YOUNG GIRL They Need the New. Blood; Dr. Wil- liam's Pink Pills Actually lake: Perhaps you have noticed that your slaughter in her "teens" has developed a fitful temper, is rest- less ,and excitable, That she com- plains of weakness and depression, feels tired–out after a little exer- tion, appetite variable, complains of hadaches and is growing pale. In that case remember that the march of time is Leading her on to woman- hood, and that at this period a great responsibility rests upon mothers. These are symptoms of anaemia— that is bloodlessness, and no time should be lost in increasing and en- riching the blood supply. Unheal- thy girlhood almost always leads to unhealthy womanhood. All young girls in their teens need the help of Dr. Williams' Pink Pills, which en- rich and increase the blood supply, and give sickly drooping girls the brightness. and charm of perfect health. In proof of this Miss Zola Gordier, Morrisburg, Ont., says: "I was pale and bloodless and suf- fered from many of the symptoms of anaemia. I would tire easily and suffered from frequent headaches. My appetite was poor and.I was very pale and easily discouraged. The medicine I was taking did not seem to help me, and then one day I read the story of a young girl who suffered similarly and was cured through the use of Dr. Williams' Pink Pills. I got three boxes of the pills and started to take them. Be- fore they were done I began to feel better and look better. Then I got half a dozen more boxes, and be- fore they were all used I was en- joying the best of health, and have continued to do so since. My young brother was troubled with rheuma- tism, and they completely cured him," Dr. Williams' Pink Pills are sold by all medicine dealers or can be had by mail at 50 cents a box or six boxes for $2.50 from The Dr. Wil- liams' Medicine Co., Brockville, Ont. DECLINE OF DRUNKENNESS. The statistics{ published by the City of Paris, Fiance, during the last ten years since the suppression of the octroi tax on beer and wine, and the increase of the same tax on strong alcoholic liquors such as brandies, eau de vie, cognac, and pure alcohol generally, have shown that the consumption of beer and ;wine, described as Hygienic drinks, has .considerably increased, while that of pure alcohol has diminished almost by one-half. Before the oc- troi tax was removed the average quantity of alcohol consumed by Parisians was nearly eight litres per bead per annum, and now the amount has fallen to only four litres. per :head. Drunkenne.s,s, it is as- sumed, has declined in equal pro- portion among the working popula- tion. MONSTER WHITE STAR LINER. Steamer Gigantic Will have New D onblc Shell: • Though nothing official, has been announced in •regard to the 54;000=• ton liner "Gigantic" that is to re- place the "Titanic" on the. Atlantic service of the White Star Line, it is understood that the great disaster has decided the Belfast builders to make an- alteration in her plans. The keel was laid in the Harland and Wolff yards some weeks ago. In view of recent events it has been decided to equip her with double cellular sides and bottom like those of the Mauretania and Lusitania. Lord Pirrie, the head of the firm, is credited with the statement that he never witnessed a launch with- out feeling he could produce a bet- ter boat if he began again. No doubt the "Titanic's" experience has confirmed that view. Before the White Star and Cu- nard Atlantic giants came• into be- ing, England built her first levia- than and called her the "Great Eastern." She was a failure, and early in her career ran on a rock that tore her shell for one-seventh of her length. But she had this double form of bottom and sides, so she was towed in safety into port. Both British and German owners have been' badly shaken by the "Ti - tame" loss, Though Germany is building three 50,000 -ton leviathans for the Hamburg -Amerika Line, there is no German dry-dock big' enough yet to accommodate them. University of Toronto,: Convocation—The Navy Question—Toronto ',Spreading Out—The Weather. The annual University of Toronto cone vocation, recurring each year in the early days of leafy June, marks the close of college activities for the academie year, and sends the last contingent of the stn dont brigade, numbering many thousands to their homes for the summer. The cere- mony of convocation, as now carried'otiti brings a touch of old-world pieturesquo nese to this very material and .commerei alined city. A procession of professors and such students as remain in thetty, consisting chiefly of the graduating class, all clad in mortar -board caps and gowns, forms at the main university building "i11 Queen's Park and marohee acmes the lawn to the new Convocation Hall where the proceedings are held. The chief funs-; tion of the day is the conferring' of the new degrees. The proceedings are ens' livened by the students' exuberant biter. ruptions, their feelings thus finding a free, outlet after being pent up the' 1 gh the doubtless being unwilling to hazard mak- ing a, xu1$talto iu gauging public opinion. uclaMeantime it is being left to such or- iranizations as the Over -seas Club to cul- tivete sentiment on the question- The-laver-seas uestion. Tha over -seas Club hitherto has consist- ed largely of recent arrivals from Bri- tain, but an effort is being made to bring native; Canadians more prominently Into the organization. Mr, wrench is a young Eie and Englishman npleasing qualities It averyea 8 0 n g f q marked ability. Itisgenerally under. stood that the chief personality behind the movement is Lord Northcliffe, the famous London newspaper publisher, who is an ardent Imperialist. Earl Grey, re- cently Governor General, is also much in- terested. ANNEXATION AN ISSUE. The ehief issue in local politics at the moment is annexation—whether Toronto with its 425,000 population shall annex long examination grind of the last ie v. North Toronto with its 5,000 souls. The months. Afterwards thorn is a garden. preposition was voted down by the rate - party, when good-byes are said and stn- payers of the city last January, but a dent life for the year is at an end. new situation has been created by the at- tempt of the Mackenzie and Mann inter• ests_to get an extension of franchise for their Metropolitan railway within the limits of North Temente. If they succeed it may complicate matters when Toronto ONE OP THE BIG- UNIVERSITIES. The University of Toronto, with its many' allied colleges, is now in point of attend- ance, one of the largest universities in the world. Judged from this point of takes over and runs its own street rail - view it has outdistanced such famous way, as it expects to do nine years hence. and time-honored institutions . as Oxford Probably both municipalities will vote and Cambridge. But there is a question en the annexation question in the near in some minds as to whether it is "y et future. influencing the life of the nation to the, North Toronto is the last independent extent that it ought, in view of the mine suburb of the city to be annexed. To- ber of its graduates and the money that rento Junction, five miles west of the cor- ia being spent on it. There is a disponi-ner of King and Yonge streets, East To - tion to some quarters to criticize the ronto to the east, Wychwood to the method by which it is managed. Its af. fairs aro controlled almost entirely be at 'takennorthwin,est while and NorthotherareasToronto,all, habeve inuinebeeng Board of Governors appointed by the Fro- scarcely more than two miles straight up Yon e street, has remained out. Opposi- viucial Government, this Board consist- g ing of eminent business men. There Alen to the inclusion of this district has seems to be a tendency mi. -the part of .come in part from owners of vacant land this Board to run the institution after in the city limits who don't want more the fashion of a privato business and it competition,. The statement is made that may be that a little more publicity ewe t Toronto has room for 260,000 more people a greater effort to bring the university without enlarging its areas. This state- ment has never been clearly demonstrat- ed, and it is doubtful if there is room for such a growth without serious over- crowding. Certainly there is to the casual observer very little vacant space in To- ronto to -day. All the choice building ter- ritories have been filled up with amaz- ing rapidity and large sections. which a few years ago were market gardens, are to -day centres of a dense population. North Toronto, with its scant 5,000 popu- lation, has 2,500 acres of land and would furnish some means of expansion, with- in easy Access of the city. It would be much more convenient than some of the other outside properties which are be- ing divided up and put en ;he market by energetic real estate agents. GRUMBLING AT THE WEATHER. Following the "hottest summer" of 111 and the coldest winter we have just soon to have an important discussion on ;passed through the wettest spring and this question. There have recently been a people are wondering what our weather co min effect o t trade has i in the is g to. The number of significant editorials Toronto News cern+ed by Mr, J S. Willi been depressing. The soda fountain men son, who is generally understood to have are in sthe dumps. So are the storekeop- fairly intimate relations with Premier '•re with summer goods. Straw hats fur - Borden. These pronouncements advocate iiish- a striking illustration- Last year the immediate contribution by Canada of;_;xttraw hat stocks were half sold out by two Dreadnoughts, to be followed by a, the middle of May. This year, the lset permanent organization. Whether this 1 the month saw only an o3d man here representg the opinion of the . Goveanm: to nd, tlrire • an the street evearing a steely it is impossible at this time to say. Thi t and the stores in 1esp3:ation put Politicians on both sides have shown mid ng, .on Bacicsvard Straw Bat Seas' n" diffidence. in grappling with_ t1,ia gne�yiin s s `at greatly reduced` prices, into touch with the lives of the people would be a good thing. President R. A. Falconer, after a Iive year tenure of office, commands general" respect. It is generally believed that he is looking after the details of the admin- istration with wisdom. The students like him, though he is hardly the heroic flee. ure to his flock that some university lead- ers in other centres have been - A NAVY CONTROVERSY LOOMS UP. Activity in the local Over -seas :Club, occasioned by a visit of Honorary Organ- izer, ,lir. Evelyn Wrench, of London, Eng. calls attention to various activities which have already been launched, or are under way, with a view to demonstrating to Canadians their duty- of assuming a sub- stantial share in the maintenance of the British Navy. There are many signs which point to the conclusion that we are le IHImffu' fi • 1111111100 IIIA lliplllopll IiIQII O taaaus r r ser alvei •- S.• ..umulootoWIItQH iIJ1IIIJIlhIN111111 Confirms to i. e Arg'r5i'tandhhrd of "e• goods: Useful for five hundred pit/poses. w, - *1± , g, Vit. AroP:it OLD INNS AT ST. ALBANS. St. Albans, which claims the old- est inhabited house in England, now an inn, is rich in old hostelries. The Peahen there dates back to the 15th century, though the present building is modern, save for some old woodwork in the coffee room. The Priory, too, in Holywell Hill, was once the Bull Inn, and as such was visited by Queen Elizabeth; while off the High Street is the itlA.IMi SAFE INVEST ENTS "Never Put All \'our Eggs In One Basket"—This Should be the Investor's Motto—What Happened to Several Prominent Investors Who Overlooked This Idea. o £' If a farmer had $1000 with which •:n bruay stock for his farm would. lie spend it all for a pedigreed bull if he could buy ne more? If you had $10,000 to invest would You put i farmer into wise eq allyf yeti answer would be an unhesitating nega- tive. Yet, when it comes to investment many people place all their money in one security. The farmer's bull might die; your security might fall on evil days. Two bulls would bo less risk. Twenty head ",of cattle would bo little risk. A few years ago a bank invested ,rill. Iits available funds in one security. : It bought all it could with its own aticl Ass I depositors' money and borrowed moi,"e. ISomething went wrong—things seldom i' O smoothly at first—and the bank had o. i borrow still more. Finally the crash c . e and the Farmers' Bank failed with p c - itieally all its assets locked up in he Iteeley mine. The crash was utevit le, ;of course, but the ghastly folly of thee i- redtors putting Ball their ahareholds' 1 money into one security—and the u mine—was an error which no intelligent a ent • investor would ever be guilty of w'lten buying for himself. 'ail The good old rule, "Never put allnr eggs in one basket," is one of the Ist i important that the investor can RAO% t and then even.if his judgment is at �lt Ihis average over Say ten securititS1,titt• loss. they are all mines --will be much 7$et- ter than if he eels purchased ono. • L Even when buying bonds, this disttelm tion of risk, as it is called, is a verSaLims portant matter. If you look over the' in- ; vestments of the insurance compa;liies i you will find this followed closelsir ' It ;the Insurance Blue Book issued beNsalle finance department at Ottawa all the; in- vestments of the insurance eompanielmare given in detail. One of the smallct life companies fills three pages with ita antt- nicipal investments alone. Then 1t • hat sound corporation bonds, such a8. these of electric light, power and tramwa, com.= panies, some industrial bonds and a mall but select list of bank stooks, and *low of those like C. P. R., but not any. '.Chen they have mortgages and 1ostit 'se- cured by collateral—chiefly bonds:t" lion one can find the securities of foieigpt *v1. ernments, including such high -004 0u* ttra i as British consols, In short, bution of risk theory is folthe iovved o'. a commendable extreme. Tho benefit of •this is obvious` fele years ago the Sovereign bank leu14 it had too many Chicago and Miiwatikeo bonds for the good of its health, and incontinently was wound up. At the same time several insurance coinpalt,r 1 :id to write off seventy-five per cent. Pt lr,h liar value of these bonds. Did ^•.thee fail? Why, 11o. The advance in .the 1t lee Of their other investments more ilia° •eifset this relatively small loss. Pint balk they not followed the old aMee , abseil t"their eggs there might have'be•.etl;tr!,nl,le; 'rise If an accident happened to them to- I day while afloat, they would have to make for Belfast. At Southampton and Belfast drydock provision is be- ing made ifor vessels of nearly 900 feet, while on the Mersey and the Clyde 1,000 -feet drydocks are being built. BABY'S OWN TABLETS A MOTHER'S STANDBY Mrs. Wm. Kernaghan, Cart- wright, Man., says : "I always use Baby's Own Tablets and find them an excellent remedy for little ones." '` Thotisarncls of other mo- thers say the same thing, simply be- cause they have found the Tablets the best medicine to give their little ones to make teething easy ; to ex- pel worms relieve constipation and to make baby plump, healthy and strong, The Tablets are sold by medicine dealers or by mail at 25 cents a box from The Dr, Wil- liams' Medicine Co., Brockville, Ont. Sovereign bank forgot it, however, and there was trouble. The moral is obvious, "INVESTOR." DIFFERENT NOW. Since the Slugger, Coffee, Was A.banttoncd. Coffee probably causes more bil- iousness and so-called malaria than any one other thing—even bad cli- mate. (Tea is just as harmful as coffee because it contains caffeine, the drug in coffee). A Ft. Worth man says : "I have always been of a bilious temperament, subject to malaria and up to one year ago a perfect slave to coffee. At times I would be covered with boils and full of ma- larial poison, was very nervous and had swimming in the head. "I don't know how it happened, but I finally became convinced that my sickness was due to the use of coffee, and a little less than a year ago I stopped coffee and began drinking Postum, "From that time I have not had a boil, not had malaria at all, have gained 15 pounds good solid weight and know beyond all doubt this is due to the use of Postum in place of coffee as I have taken no medi- cine at all. "Postum has certainly made healthy, red blood for me in place of the blood that coffee drinking impoverished and made unhealthy,"' Name given by Canadian Postum Co,, Windsor, Ont. Postum makes red blood. "There's a reason," and it is ex- plained in the little book, "The Road to Wellville" in pkgs. Ever read the above letter? A ono appears from time tb time. They aro genuine, true, and fuel of human Interest, TA y E CAi _,.ybAonds c �,..1 4 ;: x . ? ` 3 ti a � 40.1 UM TED $100,903 7 per Gent. Peoference Stcok isiith 40 'per' d`reP1i'r, i a'ims'.of; -Common - . THE Montreal Bond Company, Limited, are making a public offering of 8100,000 of 7 per cent. cumulative preference stock of the Canada Brick Company, Limited, at 95 (par value $100.00 per share) with a bonus of 40 per cent. of common. The capitalization of the company is 81,000,- 000, divided into 7 per cent. preference, of which $200,000 will be issued and $600.000 common, of which $300,000 will be issued, Of tate issue of pre- ference stock $100,000 has been taken firm, leaving but $100,600 to be of- fered to the public. The great amount of building activity which is go- ing on in Montreal at the present time has created a tremendous de- mand for all kinds of building material, and it is to supply a portion of the demand for brick that the Canada Brick Company, Limited, has been incorporated. The company are erecting two plants, one at Mile End and the other at St. Lambert, the combined capacity of the two being 15,000.000 bricks per year. As there are 325,000,000 bricks used in Montreal every year. and as the National Brick Company can supply but 135,000,000, it means that nearly 200,000,000 bricks are required to be brought in from other sources. THE Canada Brick Company prclpoee manufac•tnring their bricks by what is known as the sand -lime process, which is regarded 00 an im- provement on the ordinary bricks made from clay. According to tests made by Milton Hersey & Company it is shown that sand -lime bricks are equal in strength and quality to the best kind of pressed brick, and at the same time possess greater regularity of form and uniformity of dimensions than the ordinary brick, In addition. the brick is impervious to climatic changes, which makes it invaluable in a climate such as we have in Canada. It is especially suitable for the better grades of build- ings which are being erected in the city of Montreal at the present time. While in a =ensure the process is a new one it has been rapidly coming into favor with architects and builders. In Germany where it was first discovered in 1880 there are 280 plants in operation at the present time, while in the United States, where it was introduced in 1901, there are 14 plants manufacturing this class of brick. Canada has 10 companies en- gaged in its manufacture. IN Montreal at the present time high class brick, snit as will be on a par with that being manufactured by the Canada Brink Company, aro selling at $18 per thousand, but the new company expect to manufac- ture black at $7 per thousand, and have put their net selling prfee in the prospectus at $12 per thousand, which gives them a good margin of profit. As a matter of fact, they have already sold over half of their first year's estimated output at a figure considerably Higher than the $12 mentioned in their prospectus. Placing their output at only two- thirds of full capacity, the company shows in profits, after payment of dividends and of manufacturing expenses. $36,000, whirl' is equivalent to 12 per cent. on the common stock. As Montreal is situnted at the pre• sent time, there are no available supplies of clay -snaking brick and other materials must be substituted. Everything, therefore, points to the likelihood of the new company securing an ample market and a good price for their output from the very start. THE Company are fortunate in securing as members of the board of rectors men prominent in the business affairs of the country. Among these are C. H. Caht ti, K,C., I'. Loomis, H. A. Lovett, K.C., G. P. Gylea, g.0., and A. G. Cameron. The prosperity which has attended other brick concerns in Montreal is likely to be duplicated to an even greater extent by the Canada Brick Company. Manufactnri,ng will comtuettee at• earlyin June. plant Lambert Lamb the St. APPLICATIONS for Prospectus or Subscriptions may be mailed direct to Montreal Bond Co., Limited, Montreal, or to any branch of the Bank of Toronto.