HomeMy WebLinkAboutThe Herald, 1912-07-12, Page 3to
)0
1-
a -
a
Le
le
:1,,
a -
of
11
ar
it
in
le
0-
ls
in
ad
th
ids
id
Id
,r
v
a
1
b
0
•111
h
LI
b
e•
0
11
11
MEN FO THE BRIM NAVY
SHORTAGE SAID TO B] NEAR-
LY A,N END.
The Present Predicament, It Will,
Be Foul*, Will Prove to Be
Temporary,• '
•There' seems now to be hardly any.
'doubt thiit the insufficiency of train-
• ed officers and men revealed of late
in the British navy is the cause of
the temporary reduction of same of
the squadrons of the first and sec-
ond fleets. Mr. Churchill has an-
• flounced that, the battle squadron in
the Mediterranean, recently re
-
dined to four vessels, will be 3m -
:creased to eight during the course
of next year by the drafting to it of
the Dreadnought, two Lord Nelsons
and the Albemarle, which shows
that a lack of men was more or less
responsible for some of the changes
in distribution.
The present position does not
arise from any shortage in the sup-
ply of either officers or men ; indeed,
the number of applicants for entry
is
.as high as ever it was. The
• scarcity arises mainly from three
9anses. There is, first, the unex-
• .pected increase in the material of
the fleet, owing to the large number
of ships which have' had to be built
to maintain British superiority, and
• to the acceleration in their period
ef construction.
ROYAL FLEET RESERVE.
Next there is the great develop-
ment in the number of training es-
tablishments and of administrative
bureaus, on shore, requiring large
numbers of officers and men for
their staffs. And finally there is the
Royal Fleet Reserve, whieh was in-
stituted by Lord Selborne to build
up an effective personnel which
:could be used to man the "third
line" ships and to make good the
wastage of war. While achieving
this desirable object the scheme has
depleted the active personnel to a
certain extent.
As regards the first point the un-
expected increase of shipbuilding,
it must be borne in mind that the
period required for the training of
an officer or man is over three times
as long as that required for the
building of a ship. The latter can be
constructed in about two years, but
from the time boys enter the Britsh
Navy at the -age of about -fourteen
- years, seven years must elapse be-
fore they become qualified as lieu-
tenants or, able seamen. Therefore
unexpected developments in ship-
• building which occur in the interval
between the date of the provision
of the personnel and the date such
provisions take full effect may up-
set the most carefully and
WELL LAID PLANS.
As to the measures taken to deal
With the problem of the shortage of
officers and men, it has been indi-
cated that a large entry of boys
Would not relieve the situation
within seven years, but in. order to
avoid any repetition of the present
state of things the Admiralty have
added eight thousand to the estab-
lished list during the last three
years. Meantime more commission-
ed officers will be supplied by the
promotion of deserving warrant offi-
cers and by advancing midshipmen
to commissioned rank at an earlier
stage in their career, provided they
are shown to be competent. To in-
sure a more speedy mobilization of
reserve ships a now class called the
immediate reserve has been formed
from the Royal Pleet Reserve, and
men selected for it will be liable to
be called up without the need of a
general mobilization. •
On 'the whole, a good deal more
may be made of the present defi-
ciency of personne1 than is warrant-
ed by the facts.. Could the Admir-
ialty of seven years ago have fore-
seen the increase in fokign ship-
• building and known that it would
occur almost simultaneously with
the other developments referred to
they would, of course, have pro-
vided accordingly, but their ina-
bility to do so must be set down
as a disadvantage rather than a
• danger.
Scotch Roll—Three or four pounds
of the lower part of round of beef,
two tablespoons of salt, two tea-
spoons of sugar, one-half teaspoon
of pepper, one-eighth teaspoon of
ground clove and three tablespoons
of vinegar. Mix salt, sugar, pep-
per, dove and vinegar; rub well in-
to the meat and let it stand in a.
• cold place twelve hours. Put in a
• kettle with enough boiling water to
come ap about halfway around the
• meat. Cover tightly and simmer
•tetir hours, turning once. This is
good cooked in the fireless cooker.
hen done,,i remove the meat and
thicken the), grav , with flour, and
•add more Pe:tsoning if needed.
TORONTO CORRESPONDEN
INTERESTING GOSSIP MON THE CAPITAL
.OF ONTARI
Toronto's Acting Mayor—The Twelfth " and the
• City Hall– -Travers vs. Ryan—New Chair'o•
• man Dominion Railway Board.
Controller ''Tommy" Church, President
of the Council in the absence of Mayor
Geary, is one of the ohmmeters of To-
ronto. Many people refuse to take him
seriously, but despite their jeers 'Tommy"
always turus up with sufficient votes to
elect h.im to whatever position he is run
sing for. Years ago when "Tommy" was
a carefree Varsity undergrad (he spent
most of his time rooting for the football
teams, and it took hem several years be-
yond the allotted four to get his degree)
he declared that he proposed some day
to be Mayor of Toronto. Well, he is act-
ing Mayor now and going strong.
Tommy" is probably the champion
handshaker in Toronto. He also holds the
record for making introductions. He in-
troduces every two men who come together
in his presence, generally regardless of
whether they are liable to want to know
each other, or whether they have ever
met before. His method is something like
this: "Shake hands with Bill Smith, one
of our cleverest lawyers; fine fellow; go-
ing to be a judge next year. Bill Smith,
Tom Jones; fine fella*. Tom Jones, Cobalt
•millionaire eh, Tom." All this and much
more in the same vein, delivered in a
staccatosstyle, ma,xim atm speed. He is a
keen follower of sporting events, and con-
sequently has a • strong following among
a certain class of the young blood.
Like many another man who looms large
in the public eye, "Tommy" has been wise
enough to use the newspapers judiciously.
He got himself into the favor of one bv
doing its biddieg. It boosts him hard.
He is attacked just as bitterly by others,
but it's all grist for "Tommy's" mill. Pu-
blicity of any kind is the very thing that
he thrives best on.
DOINGS ON TEE "TWELFTH."
The Twelfth of July is always one of the
biggest days in the year in Toronto. Tele
parade is a real parade, particinated
by many prominent citizens. A cenaus of
the City Hall offices taken during the cele-
bration would reveal the feet that they
were all largely deserted. for the civic
service in every department is full of
Orangemen. It is no uncommon thing to
hear city laborers as they go about their
work whistling "the Protestant Boys." or
some such stirring tune. The officials are
Oranee because generally a majority of
the Council are Orange, as are also the
heads of clepartments,- In form, if not in
spirit, it- is the nearest approach to a
"machine," politically, in the city.
TRAVERS AND MR. RYAN.
The last echoes of the Farmers' Bank
promise to he as unsavory as were the
beginning. In „its last days the inquiry
has dwindled, ne far as public, interest is
concerned, to the destination of a 53,000
cheque, regardless of what is to be done
about the million dollar losses of share-
holders and. depositors.
It is safe to say that most people would
accept Mr. Peter Ryan's words as against
the unsupported. aesertions of Mr. Trav-
er,,. and the first effect of the latter's tes-
timony Vasstherefore. to Suet 'further be
fuddle the situation in the public mind.
Mr. Ryan was a fellow Registrar with
Beattie Nesbitt, but they' never pulled to-
gether well. The latter seemed to have
a "grouch" against his co4aborer. Mr.
Ryan has plenty of other enemies, for he
has used )1i5 influeenee on ninny occasions
against political candidates within as well
as without his own party. He is also dis-
liked by the banking interests, as he has
been nartieulerly outspoken in his de-
nunelatier of the Canadiae e'stem of
banaing. -serticularly since n big law.
snit he 'bee some ',ears age 'with the
Bank of Montreal. There was, therefore,
likely some quiet chuckling when the for.
mer bank manager gave his evidence.
7 %
illative Preferred Stock
6-1101.',EN
iloCREAll •
In the old days Mr. Ryan was one of
the most eloquent stamp speakers in On '
tario, but for a:tiny a day he hoe beer
a quiet Registrar, though the office ha;
not buried altogether his characteristic
Irish. wit.
MR. DRAYTON PASSES ON.
Toronto expects great thinge from Mr
E. L. Drayton in his new poeition.
Chairman of the Dominion Railway
Board. As one writer says, he should'
have beeu born triplets. For Toronto
needs him, the Province needs him, and
the Dominion needs him.
The loss to the city is a real one. While
he has occupied the post of Corporestior
Counsel for only about two years, the
Council and all the departments of civic
government had come •eo lean on hls Snag,
went to on unusual degree. It is difficult
to analyze the elements of his character
which have made his success so conspieu-
ous. Ho gives the impression of not be
ing a hard worker. But that is no doubt
a false impreesion. It doubtless arises
from the fact that he has an exceedingly
equable disposition, by which he never ap-
pears to be flurried or hurried or anyof
the other things which men exeuseejey
saying they are so busy and hard-work-
ing.
There is no doubt' that his mental ca-
pacity is of high -order. Fellow-lawyere
tell of him coming into court to appear
in oases which he could not possibly have
known anything about in advance* He
would listen to the argument of other
counsel, and inside twenty minutes would
demonstrate that he had grasped all the
salient points at issue and had mastered
even the details. This ability is, of course,
just the quality that is pre-eminently re-
quired in the new position he has gone to.
Mr. Drayton has no hobbies. He likes
horseand sometimes rides with the Hunt
Club. He enjoys, too. a quiet afternoon
at the race track.
Ms training has been such that his
sympathies ought to be with the public
as opposed to corporations. It is safe to
say that no lawyer has ever given To-
ronto more effieient service in this regard.
In his new field, however, his functions
will be judicial rather than partisan.
Mr. Drayton is a son of Mr. 1'. H. Dray-
ton, also a barrister, and in recent years
a member of the Toronto Board of Assess-
ment Revision.
WATERWORK'S GROWING PAINS.
Toronto's waterworks department is hav-
ing growing pains. Last summer 60,000,000
gallons a day, the pumping plant'a capa-
city, was just enough to supply the city's
hot weather needs. This year the town
has 30,000 or 40,000 more people and the
plant has the same 50,000,00 gallon -a -day
capacity. The answer is easy. Something
had to suffer. But next summer we are
told' the plant will be big enough.
MAYOR GEARY IN ENGLAND.
The announcement that l'Itty.see'TlearY in-
tended. to accompany Oity Treasufer;•00adoi
to -Englund.. for the purpolseetif 'Itiattleipete
ing in a flotation of City of sTotorito
bond, aroused more widely-spree.ct criti-
cism than any previous act of his :Wor-
ship who hat), during his two and a half
years in office enjoyed unusually general
support for all his publia acts. There
was little of personal feeling against the
Mayor; but people were nervous about
having Oontroller Church left to boss the
job; they were nervous, too, about the
water supply. and about some of the other
important public works at present under
construction. Under the circumstances
the feeling was that the Mayor might
have foregone the trip, which, it was
thought, could be little else than a sum-
mer holiday.
AIN SAFE INVESTMENT
VITHY IT IS MORE SATISFACTORY TO IN -
]4j TO LEAVE HONEY ME.
Money Compounded at 6 per cent. Doubles Itself
in Twelve Yea rs—lf YOU Are Uneasy Over
Your IVioney Leave It in the Bank.
The artlelee coati -Dented by investor
aro for the sole purpose of guiding pros:
pective investors, and. if possible, of eav:
Ing them from losing money through
placing it in "wild -cat" enterprises. The
Impartial and reliable character of the
information may be relied upon. The
writer of these articles and the publisher
of ibis paper bave no interests to serve
in connection with this matter other than
those of the reader.
"Why, if investing my money is such
a diffieult task, shouldn't I bury it in the
garden or put it in a bapk?" is a ques-
tion asked by some people.
The reason is simple enough. but rather
.1f
,e)
n
•-ese "
A Summer Protect*.
against such ills as Cholera
Morbus, Diarrhoea,
Cholera Infautum and
summer Complaint —
protector in which you
can safely placejmplicit
confidence—is
Narike0 G
Extract of
Wild Strawberry
Compound
,In 2.5e. and sec. bodice, at
your Druggist's.
Nation! Drug and Chemical Co.
of Canada, limited. 212
hard to explain in a concise and clear
manner.
You know, of course, the parable of the
talents, how the man who put his out
at interest was commended, while the
hapless wight who did his one little talent
of silver up in a napkin and buried it
got into trouble. Well, in these days
anyone with no more sense than to bury
their money or keep it in the house, de-
serves to get into trouble.
If one has money it can be put in a
savings bank, and there it will realize 3
per cent. There. if the interest is allow-
ed to compound the money will double
itself in twenty-three years. And at the
Bettie time if it is required, may be used
quite as easily, if not much eager, than
if it were buried in a hole in the ground.
That Is one sound reason why it shouldn't
be buried. Moreover, the bank is much
safer than a hole, even if carefully con-
cealed.
In a bank, however, the income is not
large on money deposited. The man with
$10,000 gets only $300 a year. Xf, however,
he invested that aum in safe municipal
bonds his income could be at least 5476
and with eare he might find several bar-
gains which would make the return about
$526. Now, at 5 per eent. if he invested
his income, his 510,000 would become 520,-
000 in 16 years, while if he bought Indus-
trial bonds to return 6 per cent. his money
would double in 12 years and treble itself
in 10 years.
That is another good reason why .mono
should not be buried. The latter fads in -
'LIMITED
'trying a Bonus of 40 %
Common Stook).
) rjee and full particulars
will be gladly forwarded
on request.
CANADA SECURITIES
CORPORATION LTD.
eke
Montroal, Toronto, London, Eng.
eamin'0,seMcee e-teteerennemmereawees=,
or, in fact, in any business, one must rely
on the wbrd of somebody elne. Na man
who le not in: the investment business can
investigate the conditions surrounding a
Iniiness 'or a debenture with any degree
of success, That is why you have to buy
your bonds front an investment banking
house. They have investigated the muni-
eipality. or company, "anri their lawyers
have examined into all legal questions in-
volved. After that they buy the bonds.
After -they have bought the bonds they
turu around and sell them to the in-
vestor. It is a regular business, just as
is the grocery business or any other. The
bondeklealer buys from the producer and
sells to the consumer. If, therefore you
want to invest in bonds you have to go
to the bond dealer. If you cannot trust
]limp if you have no confidence in doing
business in this way, don't do busineee—
keep your money in the bank. If, how-
ever, you are prepared to trust someone,
Dick befit an investment house and stick
to it as long as you are satisfied with the
way they treat you. Continually changing
from age investment house to another is
• quite as unsatisfactory as changing doe-
tore- with each illness, or changing farms
each year. At every change there is a
lot, of ground that has to be gone over
again and much time and trouble is say -
ed. by not changing.
Some investors have an idea that by
moving around they get bettor treatment
—that ity offsetting woe douse against ail -
other they inay get bonds cheaper. This
may be the case occasionally, but as a
rule investment houses do not like a
Cheat of this sort, and if they have any
bargains he is the last man to hear of
thein, or if he wants to sell his securities
he doesn't get the same consideration he
would jiave received if he had been con-
etant in his dealings. This is natural and
is human nature. If a bond dealer thinks
a elleat is selling his securities to buy
• these a another house he is by no means
likely' :t./a give his best -price. If he thinks
a man has tried to sell in several other
Plae4 before- coming to him he knows
*
tb A.:u. not have to give hie best
yer' e _q}.1.- tire eatiefied with your .10.
10. -
vis .' ,.,V1TrAt etielZ-V4V—htto.- It 4/mys
in the- en eruel. Of course, this does not
mean Onk,lou should not buy the issues
of any but the house you deal with regu-
larly. Betyeothers if you wish but, as a
rude, 'reu will find it more satisfactory to
stick to one house.
GOOD NIGHT'S SLEEP.
No Medicine so Beneficial to Brain
and Nerves.
Lying Awake nights makes it hard
to keep ErWake and do things in day
time. To take "tonics and stimu-
lants" under such circumstances is
like setting the house on fire to see
if you can put it out.
The right kind of food promotes
refreshing sleep at night and a
wide awake individual during the
day.
• A lady changed from her old way
of eating, to Grape -Nuts, and says :
"For about three years I had
been a great sufferer from indiges-
tion. After trying several kinds of
medicine the doctor would ask me
to drop :off potatoes, then meat, and
so on, but in a few days that crav-
inggnawing would start up, and I
would vomit everything I ate and
drank.
"When I started on Grape -Nuts,
vomiting stopped, and the bloated
feeling:which was so distressing dis-
appeared entirely.
"My mother was very much both -
end with diarrhoea before com-
menting the Grape -Nuts, because
her stomach was so weak she could
not digest her food. Since using
Grape -Nuts food she is well, and
says she don't think she could do
, s.e,.."7"earelreeTeS7
"HE WHO PASSED."
I.•••••*
The Romance of a Novel Restored
a Lover.
Not often is :a book review the
means of clearing up a misunder-
standing between sundered lovers,
halt this joyful sequel followed upon
the publication of a .review in a
London (England) paper of a novel
called "He Who Passed."
The story is by a woman who de-
scribes how and why she refused to
marry the man she loved, The ob-
stacle was an incident in her past
life, and rather than confess it ,she
allowed him to pass out of her life.
As the book bears the stamp of an
authentic experience, and is a
thrilling human document, it sold
widely, and in course of time a
copy of the revieW, giving a syn-
opsis of the stfry, fell into the hands
of a man living m the tropics.
He was profoundly affected by
what he read, and secured a copy of
the book at the earliest possible
moment, to find that he was the man
described in its pages, as well as to
discover why his offer of marriage
had been declined. The sequel
comes off early in the fall when "He
Who Passed" will marry the wo-
man who suffered so bitterly from
his passing.
A CURE.
"George A. Birmingham" (the
pen -name of a well-known Irish
'clergyman) has just published an-
other bookdealing with Irish life.
Some of hi A Irish stories are capi-
tal. For instance he tells of an
Irish veterinary surgeon who sent
in his bill in the following terms—
"To curing your honour's mule till
it die(1-10s.!'
C KETT TOBACCO
INTERESTS REORGANIZED.
C. Meredith & Co., Limited, Pur-
chase Assets of Old Established
Hamilton Firm.
.Announcement has been made of
an offering of $2,000,000 of 7 per
cent. cumulative preferred stock
and $2,000,000 of common of the
Tuckett Tobacco Company, Limited,
by C. Meredith & Company, Limit-
ed, of Montreal. There will be no
bond issue and holders of preferred
stock take priority on all assets of
the Tuckett interests.
The Company is consolidation of
The Geo. E. Tuckett & Son Com-
.pany, Hamilton ; The Tuelrett Cigar
Coznprany, Limited, ' Alarailtonl
. .
Tucketts Limited.
These three companies have been
purchased by C. Meredith & Com-
pany, Limited, and reorganized
under the name of the Tuckett To-
bacco Company, Limited. The man-
agement of the new firm will remain
in the same hands as the old, Mr.
George T. Tuckett becoming Pre-
sident and Messrs. Witton and
Lamoreaux Vice -President and
Secretary -Treasurer, respectively.
The properties of the company,
consisting of head :office, factories
and warehouses at Hamilton, Lon-
don and Montreal, are valued by
Price, Waterhouse & Company,
Chartered Accountants, at some-
thing over $2 000,W0 more than all
liabilities.
The average net profits for the
past two years was $300,288.41.
This means that after paying the 7
per cent. on the Preferred Stock,
over 6 per cent. will be left for the.
Common. It is expected that the
concerns operating under the new
conditions with the . profits will
show a natural increase during this
year and next.
The capital is $4.500,000, divided
into $2,000,000 7 per cent. cumula-
tive preferred stock and $2,500,030
Cornmon. Of this only $4,000,000 is
being issued, the preferred at *96
and the Common at $40. It may be
noted that it is stipulated that any
person subscribing for the prefer-
red stock must also subscribe for a
like number of shares of the :com-
mon. Thus it will be seen that
without it. Ithere is no bonus of common stock,
"It is a great brain restorer and
as is often the case with flotations
nerve builder, for I :can sleep as of this nature.
soliria and undisturbed after a sup-
)• of Grape -Nuts as in the old
osyS when I could not realize what
thy meant by a "bad stomach."
Thuro is no medicine so beneficial
tonorves and brain as a good
night'sleep, such as you can en-
jo after eating Grape -Nuts."
N e given by Canadian Postum
C 'Wirtdsor, Ont.
1.1 Olt in pkgs. for the famous lit-
the'hOok; "The Road to Wellville."
elute why. it is better to ptit money ' 00lesad the above letter? A now ono
securities,
Of course if a mart is going to be Inv, :0,404rii from time to time. They are
easy over his money, and would be Bathe,
ilea to have it •in a bank, he Would he a
fool to take it out and buy bonds, With
it. On the other hand, he would be -more
of a fool 11 he were to withdraw hie
funds in the hove of getting an •abrier-
mal rate .of interest, for in that ease 3m
will probably end by Toeing it all, and IT
that of course, is not the prime aim .01 ir
investing. •
Of course, in invei3t1ng, as in banking,
Si talipetroo, and full of human interest.
4gistrato (discharging prisoner)
,
Igow, I advise you to keep away
had‘comparty." Prisoner (feel. -
v) -'—"Thank you, sir !• You
see.ine here again !"
NEVER ANY FAILURE
OR DISAPPDINTMENT
WHEN
0
E R
Is USED. -'
CONTAINS NO ALUM.
COSTS NO MORE
THAN THE
ORDINARY KINDS.
MADE IN CANADA
A GREAT WATERWAY.
$29,000,000 in Tolls Paid to the Suez
Canal Last Year.
The Suez Canal took in nearly
$29,000,000 in tolls in the last year.
This was an increase of $943,656
over 1910. The number of vessels
that passed Suez in 1911 was 4,969,
representing. a net tonnage of
! 324,794, an increase of 436 vessels.
There were less than 1,200 tourists.
• The royal yacht conveying King
George and Queen Mary to their
Indian Coronation went through
Suez in twelve and a half hours,
and came back through in twelve
hours. The traffic of Suez has so
grown that the tolls have been low-
ered by ten per cent., and still the
profits grow. There will be a fur-
ther ten per cent. toll redaction on •
."34tuiryalst,-19•13e- .• •
Suez traffic suffered from the
plague in Manchuria, but it gained
in other directions, notably in the
Japan, India, Dutch, East India,
and Oceanic trade.
GET ACQUAINTED WITH YOUR
NEIGHBORS.
If you are genteel in appearance and
courteous in your manner, you will be
welcomed in every home in your locality,
when you are showing samples of our su-
perior toilet goods, household necessities,
and reliable remedies. The satisfaction
which our goods give, places the users
under an obligation to you, which wins
for you the same respeet, esteem, and In-
timate friendship given the priest, physl-
clan, or pastor, and you will make more
money from your spare time than you
dream of, besides a host of friends.
This is your opportunity for a pleasant,
profitable and permanent business. Ad-
dress, The Horne Supply Co., Dept 20, Mer-
rill Building, Toronto, Ont.
or4.
Picnic Eggs — Six hard-boiled
eggs, one cup of fine breadcrumbs,
one egg, three tablespoons of dev-
iled ham and one-half cup of milk.
Soak the, crumbs in the milk, add
the ham and eggs slightly beaten.
Roll the eggs in this mixture. Chill.
Fry in deep fat and drain on soft
paper.
Ts
RUBBER
NEE
Tam
PLUG
'nM"',
Tread softly -
Step safely.
cl.:r5
MX I
CAT'S PAW RUBBER SOLES
Embody the patented features
of Cat's Paw Heels. 150
Secure & Profitable Bonds Paying 67
q Price Bros. & Company have been in business in Quebec over pac, years. It is
the largest industry in Quebec Province. Their holdings of pulp and timber
lands are 6,000 miles in extent, and have been valued by experts at over
$13,000,000. The net earnings in 79:30 were $448,000,000. The new pulp mill
now under construction will double these earnings. Timber limits are insured
with Lloyds of England against fire.
41 Price Bros. & Company First Mortgage Bonds pay 6 per cent. interest on
their present price. They will assuredly appreciate in value. Considering
interest return, security, and future increase in value, they are an unusually
attractive investment.
On application we will send you Iteraturo fully Ocacribing these bend*,
DCVA SECURITIES
A CORPORATION LIMITED
LI
,r44
RANK OV MONTREAL BUILDING s YONGE AND RootAN STREETS
montuaAL-oUanac-NALtrAXOTTAwa
LONDON (ENG.)
R. M. WHITE
Manager
