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The Herald, 1912-07-26, Page 3e d out of the pantie 'busineBe "Herb's" Is the greatest politioal picnic in America:. No disrespect is intended by the use of the nickname "Herb."` Pliat'e what he: likes to be called, and the name under which he advertised the Menlo. It ,'helps to make votes, and besides he really likes it, North York is one of those constituencies which shows more loyalty tomen than to parties. This is illustrated by the fact, that it 'is nearly the same riding that;: now gives Lennox a thousand of a lea« thrlock a four•figured majority nearly every' elootion, "iii11" had his own ways cif. keeping in touch with his constitueets the picnic is "Herb's" way—one of -them It also gives him an opportunity to, show a lot of his city friends the beauties of Lake Simcoe. The farmers and their, families come in thousands. There is dancing and sports and a good time gen. eraily. with a suitable seasoning of speeches for the xuore serious-minded, speeches which, it does not need to be added, contain only good Conservative doctrine. A HYDRO -ELECTRIC LOSS. There is general regret at the retire- ment of P. W. Sothman from the chief engineerehtp of the Hydro -Electric Com- mission to go into private practice. In his profession Sothman is regarded akin to a genius. By birth he is Danish and talks English only with a deoided, but veru attractive, accent. His hobby is airships. He has designed more than one, and has constructed mod- els. od.els. Many times have his reporter friends Pleaded with him to let them print an airship story about hiw, but he always refused. He was too busy working for the Government, he said. Rathman used to be very short-sighted. Then when on a bile engineering job in Liberia he met with an accident which sent many thousand volts of electricity through his body. He was knocked sense- s lees s and badly scarred by the burns, but, his shirt -sightedness vanished. lie applied to the Hydro -Electric Com- mission through an advertisement in a New York engineering paper. And it was a lucky day when ho came to Can- ada. He proposes to stay here. a. A WINNING START. A. Perfectly Digested Breakfast Makes Nerve Force for the Day. Everything goes wrong if the breakfast lies in your stomach like a mud pie. What you eat does harm if you can't digest it—it turns to poison. A bright lady teacher found this to be true, even of an ordinary light breakfast of eggs and toast. She says: "Two years ago I contracted a very annoying form of indigestion. My stomach was in such condition that a simple breakfast of fruit, toast and egg gave me great dis- tress. "I was slow to believe that trou- ble could come from such a simple diet, but finally had to give it up, and found a great change upon a cup of hot Postum and Grape -Nuts with cream, for my morning meal. For more than a year I have held to this course and have not suffered of, an z 1 --/DOOR : LIF tial] player, eve canoel,st, every man loves outdoor life should keep a box of Y.' • cu•purely herbal pre - as soon as applied ere. ' burns, sprains, nets up highly bene - ns, First, its enti- ties renderthe wound 1 danger from blood ext, its soothing pris- e. and ease the pain. Ton, herbal balm's pene- he tissue, and set up the ul process of healing. quickly cured by Zam-Buk. wire scratches, insect stings, E; MAKING SAFE INVESTMENTS RG sep lace poi:. per Tio trait won, are Bar are a quickly cured by Zam-Buk. All druggists and stores. Use Zane - link Soap also; 350. per tablet. g SINGING FOR CONVICTS. • Latest Illllovitition hi Berlin's Fam. pus Moabit Prison. Singing is the latest innovation introduced • by the German prison authorities for the diversion of con- victs. S In the famous IVloabit prison for long term convicts in Berlin, pri- soners who possess musical talent are farmed into a class which as- sembles every night in the centre corridor just before the convicts go to bed to sing sacred songs. These songs reverberate through all the galleries of the prison and into the cells, the doors of which are opened for the purpose. On Sunday afternoon all the convicts gatherin the prison chapel to join in choral singing. As silence is strictly. enforced at the Moabit prison, the convicts look forward tothe opportunity to sing with almost childish delight. 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 ste 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 respect, esteem, and he timate friendship given the priest, physt. ciao, or pastor, and you will make more money from your spare tune than yon dream of, besides a host of friends. This is your opportunity for a pleasant, profitable and permanent business. Ad. dress, The Home Supply Co.. Dept 20. Mer. rill -Balldiue, Toronto. Ont. �tykt TRPRISI.eccept when injudicioisly varying my diet, Seed ]]lust Have Laine Dormant "I have been a teacher for sever- • More Than a Century. aI years and find that my easily di- gested breakfast means a saving of The Rev. Teeth's Poole, Vicar of nervous force for the entire day. Culnstoek, in Devon, England, My gain of ten pounds in weight al- tells a eurious story of the results so causes me to want to testify to of ploughing in a grass lawn the the value of Grape -Nits. year before last for the purpose of "Grape -Nuts holds first rank at turning it into a 'rose garden: Tie our table." says the lawn had not been disturb - Name given by Canadian Postum ed for quite a hundred years. A Co., Windsor, Ont. parishioner who is 95 years of age "There's .a reason." Read the says that his father used to mow it little book, "The Road to Well- when he was a child. Since it has Ville," in pkgs. been ploughed in it has been cover - Ever read the above tetter? A new •ns ed with an amazing assortment of appears from tin• to time. They are pansies of splendid quality. genuine, true, and full of human interest "No seed," says the vicar, "has been sown nor have there been any PEARLS OF TRUTH. pansies nearby. The only solution I can give ie that the seed must God loves a hungry child that is have lain dormant in the soil for aye crying for bread.—Samuel more than a century." Rutherford. . One'of the pansies, it appears, is No one is useless in this world of an, altogether unusual type, be - who lightens the burden of it for ing like a gold and bronze butter - any one else. --Dickens, fly. Let us be not too particular. It 3' s better to have old second-hand GETTING SHODDY diamonds than none at all.—Maris Twain.. When I want any good headwork done I always choose a man, if suit- able otherwise, with a long nose,— Napoleon. ... Constant application to pleasure takes away the enjoyment, or ra- ther turns it into the nature of a very burdensome and laborious business.—Burke. There is only one road to human prosperity, and it is the same for a nation as for an individual. That is the honest road of, hard work under free institutions, and when they I tried to teach people that they ! could be made rich by some short cut they were doing that which was thoroughly dishonest.—Mr. Walter Long, M.P.• • LAMENT OF THE RISE IN BEEF. The water wagon passes Right by my humble door, They call to me to climb I will not board it more. I have a gnawing hunger Its fluid does not slake I want the butcher wagon That used to stop with ste Is, :SiiY"; The loud bandwagon passes: r b „ With statesmen clustered t ~S eao They call to me to join thea:._ • And save the country quiek',S Alas! they `rill no stomach, en tte :' Its place they cannot take,.assj The good old butcher • wag -Day That used to atop with and al JRIl?.'. /able natio •oul wor tr in th les )ps. her ,tur. ar S s 1' s pri no It hem EW THEORY ABOUT LIFE RIFTING OF EARTH'S AXIS IS CAUSE FOR EVOLUTION. Savant Cites a Few Conditions as Proof of His Novel De- claration. Professor Heinrich Simroth, .the Leipzig zoologist, has a new theory explain evolution and to account for the present distribution of ani- mals on the earth. He, calls his doctrine the pendula- tion theory. Pendulation is the eternal slow oscillation of the earth's axis which makes the poles change their positions and there- fore involves a. slow change of cli- mate on a given spot. That the poles ,clo shift is proved by such phenomena as the proees- Ve1y sia•n of the equinoxes. In past ages, 7 �'' says Simroth, the earth's . axis t changed its angle greatly. The al o Il% north and south poles swung perio- •d ca1 ,y to where the equator is now, t, " and then swung back again. lu. ; That, he says, is the real expla- nation of the icecaps which former- ly covered the temperate zone. It explains the former fertility of the extreme north and south, which is rovd by Shackleton's discovery of al measures near the south pole. It also gives a reason for the levati,on of continents and islands. herever the equator was for the time being there centrifugal force ept the sea higher than it was at ,ee OW fo red I 'in th 0 Die to THE FLATTENED POLES. rhe land was, therefore, sub - on merged. Later it rose in the shape o of islands and continents. That is why there are remains of seaweed, nussels and crabs, and also raised eaches hundreds of miles inland, to The pendulation which caused hese changes at the .same time pre- °' 'etermined the evolution and dis- ibution of animals and of men. rimitive man arose in Central urope because there the pendula >n was greatest. The north pole always traveled uth along an invariable line, ich corresponded to about the nth degree east of Greenwich— at is, through Germany, Upper ly and Africa. This part of the rid, therefore, underwent the st marked changes of climate, d these changes of elimate helped evolution. nimals that could not 'adapt emselves to it died out, land anis els took to the sea. and the sea imals took to the land. The re- tively rapid changes of climate pplied a test of fitness to live. Paleontological research confirms Itis theory. The best and earliest ssils of beings which now exist, toludin$ man, have been found in urope to a belt between the west f France and Vienna. Here was e origin of man, and here he at- ined soonest 0 ;C A HIGH TYPE. +' Farther away from the line of endulation the climatic changes *ere weaker, and animal life de - eloped more slowly. That is proved by the faunaof 'Australia. 'Australia is farthest of all conti- en+ts away from the line of pendu- ation and Australia has the most rimitive mammals and the lowest ype of man. Pendulation explains many other cientific puzzles. The disturbance aused by the swinging of the les is enough to account for ountain formation and for eart'h- uakes. The pendnla,tion itself was reliably due to one of two causes. t was due either to original move- ents in the spiral 'nebula, which ndensed to form the solar system, r to a twist given to the earth by terrific impact of a second n. imroth holds that the elevated *truant of Africa to -day repre- ets the debris of this fallen moon. HER REPLY. There are drawbacks even to be- g the wife of a wealthy man, as re. Rich Pound out. Although they have only been married a few weeks, she hardly ever has a quiet our with her husband. It's busi- ess from morn till night, and in he evening he only begs for. peace ;)I end rent. So the other day she came •Mown to dinner in a sombre black rock. "Why on earth, dear," 'said Mr. Rich, eyeing her gown With distaste, "are you wearing hat frock? Why, it's half mourn - ;lug." "Of course it's half-mourn- g," alf mourn -g," replied the lady, with much earring. "Don't you always say hen you come home from the .of- ce that you are half dead?" When men are young they want perienee; when they have gained xperienee the • «-.'int hnergy. TORONTO CORRESPONDENCE INTERESTING BITS OF GOSSIP FROM THE QUEEN CITY. in the Happy Summer Time—Where To- rontonians Spend Their Holidays --Visitors From the States. In midsummer holiday time Toronto People scatter to the ends of the earth. There is no one place or locality or dis- trict that can be described as Toronto's summer resort. So many places are avail- able that the population seeking rest and recreation gets diffused in a way that is unusual. even for the largest cities. For the mos' part, they stay in Canada, though an increasing number have the time and money to take an ocean voyage and European tour, and a number of others seek the mountains of New England or the seashore of Maine, Connecticut or New Jersey. But the popular resorts for those who wish to stay within striking distance of the city are Lake Simeoe, which is becoming surrounded by settle- ments of Toronto summer visitors, (leer - glen Bay. the Muskoka bakes, the Lake of Bays district, the Kawartha Lakes and the other localities of central Ontario, which are honeycombed with lakes and streams. THE: REAL SUBURBANITES. A. population of several thousand find summer houses along the north shore of Lake Ontario, so diose that the men foncs can get to the city for business by train every day. These settlements extend al- most as far as Hamilton on the west and a similar distance to the east. Some of these enthusiasts have trent residences suitable for allY he ear habitation'but t the winter "suburbanites'Y,have not mul- tiplied fast as yet. Still others cross the laky to the Niagara and Grimsby dis- tricts, and smaller groups scatter all over the Province. Scarcely a town but has its quota of Toronto holidayers. But they nearly all get back in time for the Exhibition, and Toronto is hapev if they only bring all their summer friends with then. COTTAGES COST 5500 FOR SUMMER. Toronto Island, deserted to the east winds and mountains of ice in winter, is itself the center of a dense summer po- pulation, It is only a sandbar which, while providing a delightful beach gives little encouragement to vegetation. But it remains tremendously popular, as evi- denced by the fact that comparatively small, rough -finished frame cottages com- mand rentals of 5500 and mere for the summer months. CITY FULL OF VISITORS. But Toronto shows no signs of quietness, even in the dor days, for it is itself a summer resort. Traffic en all the down- town streets is as dense in July as it is in April. It is only wben one visits the better residential streets and sees long rows of houses with the blinds drawn and no sign of life anywhere; visible that one realises that the holidays are in full swing. Every clay American visitors throng the retail districts. litany of them conte by boat from Niagara. American railways from all over the States run excursions to Niagara Falls and from that point thousands daily make a one -day trip across Lake Ontario to Toronto. The crowd at the foot of Yonge street after the arrival of a heat often seems to be composed entirely of visitors from 'Ken- tucky. Tennessee or other southern points. They are ensily distinguished from bright- eheeked Canadians by their sallow com- plexions. and the little peculiarities of their elothes. and when they speak, by their delightful southern drawl. GETTING .k BIRIPS-IriSl VIEW; If their visit is but for the day the fa- vorite thing to do is to take a sight- seeing motor 'bus. and have a 'joy ride" around the city. -The guides give them a lot of so-called information about men and places. most of which will scarcely bear examination. But they go away happy because they at least think they have learned a lot about Toronto and Canada, and there is no people under the sun more desirous of superficial know- ledge than the Americans. But many of them stay more than a day. and perhaps make further excur- sions into Canada. The trains is increas- ing year after year, which indicatee that these who come must carry back favor- able impressions. DANGEIt OF FLAG 'INCIDENTS. One thing that continually threatens to mar the visits of our American' cousins is the ever-present danger of a flae in- cident cropping np. Perhaps it is an over -zealous Yankee patriot, or it may be a materialistic Canadian merchant seeking customers. who invites trouble by an improper use of "Old Glory." The trouble is that we on this continent have not yet learned the etiquette of flag fly- ing. The universal rule is that if it is desired to display .the flag of a foreign country. the flag of the soil on which it stands must top it on the mast. Tf this rule were universally followed there would be no reason for anyone to feel insulted, and no reason for any complaints. "HERB" LENNOX'S PICNIC. "Herb" Lennox's picnic in North York has become an annual midsummer insti- tution. It is announced that, now that Tammany Hall of New York has gone Save Money and Increase its Earning Power WE have issued a Book- let describing the PERIODICAL PAYMENT PLAN " for the purchase of stocks and bonds. This Booklet shows how you can create capital through a shall monthly savings. It also shows how these savings aro protected and how they are available for use at any time if required, Write to Investment Department. THE METROPOLITAN SECURITIES AGENCY, LIMITED ido St. James St„ MONTRHAL ni Mountain Hili, QUBBFC • Lew Dike—They don't put good materiel. in the goods they make nowa-days. Wale Hewes—That's true. use<i''te get neckties that would fifteen•,years ; 5 now I can't inoe 'n,ten outer them. I Iast get 570 First Mortgage Sinking Fund Bonds Ritz-Carlton otel Company Montreal, Limited Ey vers/ .. °:'.circular on request 95 and Interest OA SECURITIES PORATION LTD. ! , Toronto, London, Eng. nommarammemersenertavermeemsos A RECENT AND ACCURATE DEFINITION OF. THE TERM "INVESTMENT." A Couple of Examples as to Why 1t is Incorrect to Gall Evep the Most Censer vative Common Shares Investments' When Using the Term in its Strict Meaning. The articles contributed by "Investor" are for the sole purpose of guiding pros- pective investors, and, if possible, of sav- 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 this paper have no interests to serve in connection with this matter other than those of the reader. to . (13y "Investor.") Some of the writers on investment, whose opinions are most respected, claim that putting money in shares is not in- vesting it. This definition of an invest- ment is something which one may pur- chase in the shape of a negotiable secur- ity which involves the payment of inter, est and the repayment of the capital at some fixed time in thefuture, or under certain definite conditions. In other words, an investment is always a loan, and any securities which do not repre- sent money loaned are not, according to their definition, an investment. True, they say. some securities almost fulfil all thee requirements of an investment that are not loans, s but atric 1s speaking theyare not investments. There is 'a good deal to be said for their position, for undoubtedly that de- scription comes very close to a general definition. Unfortunately some mortgages cannot be considered investments, nor yet some shares cannot be accurately de- scribed as speculations. However, it is a fairly accurate definition, and pretty well on the safe side. Take such a security as Consumers' Gas Company of Toronto shares. These, are used as an illustration because the Com- pany us so situated that the hypothetical cases which I shall sugaest cannot take place in connection therewith. I make this statement to reassure any holders of Consumers' Gas stock, who might other- wise feel uneasy at reading these sug- gestions. Now, Consumers' Gas stock is as nearly a true investment as it is possible for a stock to be. It has no speculative side. Its returns are limited by law to 10 per cent. on the par valve, which represents about 51-4 per cent on the present mar- ket price of the shares. Its earnings have been steadily growing, and it is well managed. It commands a ready market with very few fluctuations in price. Its assets are substantial and valuable. Ap- parently it is a pure quibble to say it is not an investment. Suppose, however, the recent annexa- tions to the City of Toronto required a sudden expansion in the company's sys- tem of mains and in its plant. A less substantial company would find it neces- sary to issue securities more attractive than ordinary stock to raise the money, and conceivably the Consumers' Gas Copipany during some such period of stress as occurred in 1892, 1902 or 1907 might find it necessary to sell bonds to raise this money. These bonds would, of course, come ahead of the common stock, and that stock would, by the issue of bonds, become less satisfactory as an in- vestment. Indeed,- it might happen that sees les ale•"xeeika tQ -• aaninallaiele out to fol " to liar c k tin i , stick, thxlt in order to pay the boud in- terest it would be necessary to cutthe return on the ,junior security. Or, suppose, under stress of a coal strike or some other unforseen contin- gency the Company's earnings fell be- low the 10 per cent. mark. It would be neeessary to cut the dividend in order to keep within the earnings. But a bond xn a similar nosition couldn't be denied its interest. In a period of stress such a company could raise by means of a loan from its bank enough monev to take care of such a temporary contin- gency. But the law and the ordinary principles of good business would pre - vont the directors taking similar steps in •TI rf:tt THE STANDARD ARTICLE ' SOLD EVERYWHERE HERE i!II�R<diLIL�Y I sga.�6� IIID Iij p„rrni . pu , i p..,. y ®fie nn i� Wates; ‘,„„,1„,„„,„„,„„,.„, Ip•,r,nu.l ml eioyi-n paint o .191.11„„.,1.h�ll■■lllI-ll, ,iJ �Iy'I'ol�I,I,,■uillu,,. Y. a l! Jl l i .. ld 4111, ul u,lel" llul inl tial• ,,r trimsII II i'l(IIll tigli IItiuIn s4S-rains9i�1 li®r II III e I I !Itl IIII III I I II I I I II II II I I I I ill III q� l i ill Illi any oth4 Puirpase; E.It"d.GILLETT COMPANY LIM 1TED TORONT®,0NT. connection with the dividend in such a case. That is why a stock should not be called an investment. Many people will find fault with this attitude, but when we come right down to facts nothing can be de- vised which will come ahead of a mort- gage—and therefore of bond, which is secured by mortgage; but if a contin- gency arises it is a very simple matter to slip in a couple of bond issues and all descriptions of preferred stock be- tween the common stock and the assets. And even if there is nothing between, the common shareholders has no right to demand, or expect to get his money back. He is merely a partner in the enterprise. Even a small man may have a large opinion of himself. A man seldom generates any steam with the money he burns. Occasionally we meet a grown elan who can eat almost as much as a small boy. CAT'S PAW RU t BER SOLES Embody the patented features of Cat's Paw Heels. Iso r The Ownership of a Bond Lays the F sis of a ERM ENT Income, N those sections of Canada where there is the greatest per capita wealth, Bonds form the largest item in the list of investments. Bonds are considered the most desirable method of investment from standpoints of safety, income and convenience. The purchase ,of the first uond-'--whether $Ioo, $500 or $i000—forms the basis of a permanent and independent income. The satisfaction in its possession stimulates the desire to own another. We "can aid you in solving the problem of making your money earn more money— making your savings grow and earn a constantly increasing income. The man of small capital should consider the safety of his investments. He needs to ru know about bond investments because they offer the highest possible return consistent with absolute security. We have excellent bonds in denominations of $100 and $500 as well as $loco. The security of these bonds is established by expert engineers and expert attorneys. The financial position of the properties by which bonds are secured is strictly investigated by us before bonds are offered to our customers—in fact, since the organization of this house there has been no default in principal or interest payments on any bond it has brought out. We will be pleased to consult or correspond with investors regarding any securities in which they may be interested, We have bonds of the highest grade yielding from 5% to 6% ROYAL SECOkITIES' CoiPowJ.IoN >eAflfc 11(5111' R~A�B�,aRv,Q i:i� NatYb. ntlL,5TRRoPtr9 R .•ri•WHI-r"Imo...rmannFooc.R4 a\'I O f' 'P' R l� L Q 0-i ea C. *hi A L I fr to '0.171-A1Afifla Lela LW 0Lai .EKG .R,.AttO MlimmatniftseasareimmimanumalompanulaTh