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HomeMy WebLinkAboutThe Herald, 1914-12-18, Page 6rorPrese tter ts, '-a fit Ar The Pen for Soldiers' Use The one. ' useful Gift for T3ome, Office or School. Ay. proprinte for Men. Women or the Young Folks. 'Illustrated Folder se it on request, $2.50 to $50.00. Avo d Substitutes. In Attractive Xinas Gift Boxes. From the Best Stores Everywhere; L. B. Waterman Company, Limited, - - Montreal, HE BAANN OF ! M T rRL WAR CONDITIONS REVIEWED. Mr. H. V. Meredith and Sir Frederick Williams -Taylor Speak of its Ef- fect Upon the Country, With a world -war in progress, and unprecedented conditions existing, the annual meeting of the Bank of Mont- real this week attracted more than the usual attention, for it gave an oppor- tunity for the shareholders of the Bank and Canadians in general to hear the views of two of Canada's most cel- ebrated bankers --Mr. H. V. Meredith and Sir Frederick Williams -Taylor. Both gentlemen reviewed the situ- ation in very able fashion, and it is interesting to note that both express- ed the view that Canada was weather- ing the storm with a certain degree of success. After pointing out the fact that the Bank had greatly strengthened its position during the year, Mr. H. V. Meredith, the President, said: "The outbreak of hostilities brought about the collapse of the whole finan- cial fabric, the closing of the bourses and a world-wide financial cataclysm. For a time, at least, a condition of well nigh general- insolvency was threatened, "Britain's command of the sea was undoubtedly the chief factor in bring- ing a recovery of confidence, but great credit is due to the Government and their able financial advisers for their bold and statesmanlike views of the rrii.uation and their prompt action In meeting the crisis, as well as to the • Bank of England, for the courage and activity with which the plans of the Government were carried out" Situation in Canada. • After giving an `exceedingly in- structive review of the world position, Mr, Meredith said of Canada that agri- culture was prosperous but a general , suspension of new undertakings is ap- parent. At the same time he thought that as regards unemployment our • SriPrederiek Gen.=ral Manager Bank of Morar .al I positicn will compare favourably with I that of other countries. Mr. Meredith pointed out that for- tunat.efy it has not been necessary for Canada to resort to a moratorium, and Closed his remarks in the following hopeful vein:— • "War and other adverse conditions are bound to retard our progress. A period of rest and recuperation may be expected, but the future depends to a great extent upon the spirit with which the people meet the changed conditions, . "Economy and prudence in the mat- ter of expenditure, and an earnest effort to increase production of ex- portable 'articles will, in time, usher in an era of active trade and renewed ' prosperity." Stands Strain Well. Sir Frederick Williams -Taylor, after pointing out that th'e Bank of Mont- real was 97 years old, spoke of the great stability of the institution, and later reviewed Canadian conditions as a whole and by each province. Speaking of the war's effects, he said in part:— . "The outstanding result has been the instantaneous stoppage of the sup- ply of British capital, to which we had become so accustomed that sight was too frequently lost of its importance as a factor in the development of the Domi.r,ton. "Money from this source flowed to us in such increasing volume that during a considerable ante bellum period it amounted in round -figures to at least $25,000,000 per month. Cana- dian public borrowings from the Lon- dou money market for the seven months ending 31st July were $177,- 000,000. Since the outbreak of the war the inflow of such capital has ceased." Our Own Resources, How to face the lots of this money and continue to expand were serious problems. Sir Frederick saidhwe were now getting a little money from the States, and added: --- "It is obvious to everyone that we are cast upon our own resources, that we are ,on trial, and that our future development will depend in no small measure upon the condition in a high we emerge from this trying ordeal. "The longer the duration of the war, the more will the colonial props of the Empire, including Canada, suffer; but good will come out of evil, for our energies will be turned to the develop- ment of our great natural wealth, par- ticularly our vast agricultural re- sources, and WE, can then look forward with confidence to eventually emerg- ing from present conditions a wiser people, with our affairs on a healthier, more normal, and sounder basis." Big Gain in Assets. •The Bank of Montreal, itself, came through the trying year with flying colours, and its total assets are now $259,400,000 compared with $244,700,- 000 a year ago. An interesting feature of the statement is the fact that de- posits are considerably higher than they were last year. Deposits bearing interest are now $154,500,000, an in- crease of $10,000,000, While non-inter- est-bearing deposits are $42,600,000, a loss of $3,000,000. This shows a net gain of $7,000,000, The Bank's profits for the year were $2,496,000, compared with $2,648,000 a year ago. While this is a small fall- ing 'off, it is insignificant compared with the fine results achieved in forti- fying the Bank's position, A Big Surplus. It is noticed that the Bank loaned the Dominion Government $5,000,000 during the year, and also loaned over $9,000,000 to .cities, towns and school districts to help them over a period. that made the raising of money through debenture issues exceedingly difficult. Another interesting item is the fact that the Bank gave. the Canadian Patriotic Fund $100,000. After making the usual liberal al- lowances, the Bank carries forward into next year $1,232,000, compared with $1,046,000 the -year previous. Bank Men at Front. Not the least interesting' statement made at the meeting carne in a reply Sir Frederick Williams -Taylor made to a motion of thanks to the staff. He said:— 'We have on active service 162 fine athletic young men, the best in the land, and double that number would gladly go to the frontcould they be spared, and meanwhile hundreds more ait1 r ose on our nominal roll are drilling. Those with the colours will surely be a credit to Canada and this bank, and may I add that those who remain behind are foregoing their holidays, and doing the extra work devolving upon them cheerfully and ungrudgingly. -, George's Observations. Five years ago George Ade, while in Berlin, said this to an English interviewer : "The German officer regards every civilian as an insect. The foreign civilian is looked upon as a bacillus. The American 'civilian is too atomic for . , consideration, Over here everyone' pokes fun at the stiffne,cked martinets of the army, but when doing so they us- ually go up an alley and talk _ in whispers." When liis Bed Walked. An Alaska pioneer was . telling how crowded a certain ship was during the gold rush, One clay a man came up to the • captain and said : • "You, will leave to give me some place to sleep." "Where have you been sleeping V' "Well,'." the passenger replied, "I have been sleeping on a sick man but he's getting better now, .and be won't stand it. • BRITAIN'S ENVOY TO 1.10M: . ` Sir Henry Howard Representative at the Vaticain. The new Pope, Benedict XV., made no famreal. announceur.ent 'of policy when he assumed the triple crown of St, Peter last Septeinb•er, But as he had been the devoted pu- pil of Cardinal Itampolla, the Sec- retary of, State of 'Leo MIL, for twenty-five years, it was assumed that the Vatican under Benedict XV. would return to the political ideas and aspirations of Rampolha. The appointment of Sir: henry Howard as envoy from—Great Bri- tain to t'he Holy See. is the' ;first indication of the papal policy, and a signal diplomatic victory for the Pope. To bringabout r the estab- lishment of direct diplomatic rela- tions between En.gl.and and 'the Vatican was the thing Rlampolia labored for unceasingly from the day he entered office until he left it, when the I•ate Pope, Pius X. was elected and took Cardinal Merry del Val to be his . Secretary of State. England has been the great foe of political Roman Catholic doc- trines since the days of Henry VIII. and '(ween Elizabeth, and the :es- tablishment of the English Pi' tes- teat Church; and although the Eng- lish Sovereign maintained a repre- sentative in Rome .as -long as the Pope was sovereign there.—which was until 1870 --the relation was broken off as soon as a King of Italy assumed the throne. • Only Temporary. All of the nations of Europe which were Catholic—as Austria, France, Portugal, and Spain—con- tinued far the time being .an Am- bassador at the Vatican, while send- ing another one to the Quirinal. Germany, being Protestant and Catholic, was finally induced by the Vatican to maintain also the two Ambassadors. But England. held out. The Government, knowing the strong anti-Catholic sentiment in the country, could not be per - Sir Henry Howard. seeded to brook the storm of dis,ap- proval such a. move would cause. Sir Henry Howard's appointment is ,announced as being only tempo- rary, to congratulate the new Pope upon his accession, and then to re- main in Rome during the progress. of the war, But it seems to be gen- erally accepted as an opening wedge for the appointment of a pee - liniment Ambassador from Great Britain to the Vatican. It is said that the allies are alarmed at the pro•peot of Prince Von Buelow's, preponderance of . power at the court of the Icing of ' Italy as Ambassador from the Ger- inan Emperor, and that England, Russia, and l; ranee have ilea be- come suddenly alive to the lwssi- bility of the Pope playing an impor- tant role in the settlement of peace. In this event the allies would have a weak representation in •compari- son t•c their epereies, The Sole.Representative. Russia has no formal Ambasea- dor to the Pope. Prance bas bro.' ken off her former diplomatic rola Hons. Sir Henry- Howard is, therefore, the sole representative of the three countries, Germany has during recent years inereased her solicitude fur the. Pope's friendship, which was offi- cially sealed by Bismarck granting certain privileges in the Reichstag; to the Catholic party in Berlin when the Pope created the ' first Gerrnan cardinal, Additional car- dinals have been added from time to time, so that the Gemara Enr- pita has at present .n strong corps of supporters at Rome. •. Austria is still regarded by the Tapes aus their last stronghold against the encroachments of Pro- testantism, and the relationship be tween the Pope and the Emperor Francis Joseph is very intimate, The Duke of Norfolk in England, tire.premier duke of the realm, is a Catholic, .and be alas spent a greater. part of his life in reoonoiling the ad' NYVAItra 4! ,! .4.r'-' Nin.- }.L! ' Wit (. •.'•- • �IPnI AKES T IE WWTEST,LIG 111 . ,,i,,,„.., ..,N -a� 5 IN r UYINO YEAST CAKES BE CAREFUL, 70 SPECIFY • ROYAL C K.A S CAId'G•S DECLINE,iUsirl;II%Es E.W.GILLETT CO. LTD. TORONTO. Wf NNIpEG, MONTREAL. Epi artrcoMpANy.UMiJL ONTO.,OYI,,,,.eP1 . British ,Government to a policy of recognition of the political status of the Pope. It was the Duke of Nor- folk who personally superintended the present plans for Sir Henry Howard's going to Rome. Howard has been British Minister at The Hague and Luxemburg. Nearly fifty yeaa's ago he was an attache at the British Legation in Washington, and married. at that time Miss Cecilia Riggs, the daugh- i ter of G. W. Riggs, of Washington. She died in 1907. • THE CATHEDRAL AT REIMS. One of the Architectural Wonders of •the World. Nothing that has happened during the war has aroused more discus - I sion than the partial destruction by German ,shells 'of the Cathedral of !Notre Dame at Reins. This most interesting, if not most beautiful, of all the great Gothic 'churches of France is ane of the architectural wonders of the world. To French- men it was far more, for they think of it as perhaps the most precious of their historical monuments. I1 appears that the walls and towers have not been destroyed, although much of the statuary and oarving that ornamented them has been broken and chipped. The beautiful woodwork of the interior is con- sumed by the fire, and most, al- though not all, of the stained glass is ruined. Restoration at very great cost will be possible, although much is gone that cannot be re- pi,aced, Reinas is a very ancient town. Before the Ronians came to France, it was the olaief seat of the tribe of the Remi, whence its naive. There was a bishop in Reims within three hundred years of the crueifixion of Christ, The Vandals and the Huns both spoiled the town, and when Clovis conquered Gaul, he was bap- tized at Reirns. For cen,turie•s the kings of France were crowned there ,and consecrated with oil from the sacred vial that tradition said was sent down from Heaven for the bap- tism of Clovis. The Cathedral, where that 'cere- mony used to take place, was built in the thirteenth century. The most striking feature of its exterior is the facade ; there are three en- trance portals deeply recessed and exquisite in proportion, and these portals contained 'between five and six hundred statues of saints, an- gels and symbolic figures. There were also very interesting groups of sculptured figures that repre- sented scenes from the life of the Virgin, the conversion of Saint Paul, and the Last Judgment. Many of the statues had been some- what defaced by time, but most were intact, and they were per- haps the most interesting examples of mediaeval sculpture the world possesses. Above 'this remarkable throng of figures of stone was a gre;a:t stone window, nearly forty ,feet across, and filled with, superb stained. glass. Higher still was a row' of fort --two coll•osal statues in niches, representing the baptism of Clovis, and the kings of France. Above all soared the lofty towers. The towers were originally crowned with 'spires, but fire destroyed them in 1481. The north .portal, which was also decorated with statues, is only leas beautiful than the western facade. The graceful flying butress- es were each crowned with a niche in which ;a statue 'stood. No other Church in the world was so lavishly and, on the whole, so effectively de- corated with sculpture. The interior is less ornate, but int` contained over one hundred e•tatnes. The nave is 125 feet in height, and hardly inferior in majesty to any of the other great cathedrals of north- ern Fiance. It is an old saying that the ehoir of Beauvais, the nave of Amiens, the portal of Reims and the towers of Chartres would together make the loveliest ohurch in the world. The glass in the great win- dows of nave and transept at Reims was one of its greatest charms. Almost all of it was made at the time when such wnork was most beautiful. There was a. wonderful collection of tapestries in the cathedra]. For- tunately, if the despatches are oor- rect, those were removed to a place of safety as soon as war was de- clared. Whetth,er the pictures by Titian, Tintoretto, Zucchero and Poussin were saved does not yet ap- pear, In front of the cathedral stands a statute of Joan of Arc, for it was to Reims, after hervictories• over the English, that Joan brought her un- worthy king, Charles VII., to be crownred.• q. Not Fearing a Rival.. Mistress(to servant) — Bridget, You remember the policeman who sat in the kitchen with you so late last night without a light? Bridget—Yes, ma'am. Mistress -•-Well. I met him this af- ternoon, and I took advantage of the opportunity to speak to him. Bridget—eSure, naa'am,'ye need not 'think that'll make me jealous. The fortunate' Raiser. "There," said the amateur ,strate- gist, "is how I'd end the war. What do you think 'of it?" "I can't help thinking," replied the little man (slowly, "how lucky the Kaiser is that you are over here," When some people have a Iittle time to waste they annoy others who haven't, A certain New England preacher delivered the same sermon to his congregation for three consecutive Sundays. At last -one of his deacons approached him on t'he subject. and suggested that a new sermon might be acceptable to the p'hople, "Anel why," replied the minister, "should I preach a new sermon. 1 have seen no good results from the old one yet," 5/ GOVERMENT DE EN` U ES PROVEN E rat TA ,interest 1st April and October Due 1st October, 1919 Denomination of $1, 000 Issued free from succession duties, Provincial and munici. pal taxes. These debentures are a direct obligation of the entire Province of Ontario. At no period in recent times has it been possible for the investor to make purchases of Province of Ontario securities on such favorable teams. Price, par and accrued interest to yield 5%. Orders inaryr be telegraphed at our exxe,ase. Aa Ea ES & CO. Investment p n on Bank Building Toronto Established. Bankers r88g NEW •PCCKE•T VI1RELE S:' IT CATCHES MESSAGES Fit 0:.1 STATION 1,00(1 TILES AWAY. Italian Priest the Inventor -- Gov- ernment Takes It Over. That wireless messages can be caught by means of simple appara- tis attached to the water pipes or to any grounded metal systern, and without antennae, is well known. But a young Italian priest is report- ed to have invented a receiver so sma•l1 that it can be carried in the pocket and so sensitive that it will catch massages sent from a station one thousand miles away. The dis- covery of his discovery came about in .a strange way. At the beginning of the war in Europe the Italian Government or- dered that all private antennae for the reception of wireless messages be removed. At Rocca di Mezzo, in the Abruzzi, Prof. Domenico Ar- gentieri of the Theological Semin- ary at Aquila hacl a fine wireless station. He took down his anten- nae as soon as he received the or- der.. A few days afterward the pe - lice observed that news of current events was being posted in the pub- lic square. They paid little atten- tion until a large placard.announc- ing the death of Pope Pius X. ap- peared. This was before the tele- graph brought the news. Pollee Told of Invention,, When the news was confirmed the police called on Father Argentieri and said they must search his house. He offered no objection and said that anything they 'confiscated could be reconstructed without difficulty. "In which case we shall confiscate you," replied the police. Prof. Ar- gentieri then told them that he had invented a pocket wireless receiver, The Government sent Prof. di Pir- ro, an expert, to investigate. According to Prof. di Pirro, the Argentieri apparatus receives mes- sages from any distance without antennae, without ground connec- tion, without attuning device, with- out batteries, without Leyden jars, and is so simple that any one with a slight knowledge of• electrical mechanics could make one for him- self.. - In practice it is necessary merely to .attach the receiver to any exposed part of the telephonic or lightning system: Whether this be carrying current or not, and whe- ther the current be direct or alter- nating, matters not at all, Thinking of it For Years. Father Argentieri, who is only twenty-seven years old, is an enthu- siastic student of physics, especial- ly of radio -telegraph'. He says that he had been thinking out his appa- ratus for several years, but com- pleted it only three months ago. To a reporter for the Corriere della Sera of Milan he said : "Although my apparatus will go in the pocket, it is no toy. Nor is its principle new, for Gugliemo Marconi has told of receiving mes- sages without antennae, and 1 know that hundreds of persons, especial- ly in ,Paris, receive communications from the Eiffel Tower by attaching their apparatus to water -pipe,;, iron railings, windows, etc. rut in Paris they receive from • Paris, while 1 in Aquila receive from Ne ddeieh, a thousand miles away. My apparatus is entirely new, and when I say that I use it withelec- tric light wires it is because I am sure it will not be so easy to inrila'.. • me; The new receiver is the essen • tial part of the apparatus, as is proved by the fact that all efforts to receive messages by attaching ordinary receivers to the wires of a telephone or lighting system have failed." The Italian Government have ten- tatively taken over the Argentiere lit =ntion pending thorough tests. zo The Woman Of It. Slue --Think how it disgraces me i,cf, re the neighbors to have you came home as you did last night, drunk. He --•But; lily dear, no one saw me. She—Suppose they didn't, they must have heard me scolding you. Procrastination is the thief, of s :n,od time. Jackson and Johnson are not no on speaking terms. It all arose a, the result of an argument which re- quired some mental calculation. "' tell you," said Jackson, "that yo are altogether wrong in your con elusions." "Pardon me, I •air not," replied Johnson. ' "Didn't go to school, stupid 1" .almost roan til his opponent, "Yes,' was th calm reply, '`and you came ba stnpid."