HomeMy WebLinkAboutZurich Herald, 1932-01-14, Page 2Quality has
into substitute
Tea f:ledivin yarektie
JIM THE CONQUEROR
By PETER B. KYNE
Illustrated by Allen Dean
SYNOPSIS. be forgotten. My boy, a change of
Don Jaime Miguel Higuenes, Texas fortune is going to make that girl do
rancher, and Tom Antrim, sheep owner, some solid, constructi va thinking."
are eworn enemies. Antrim attacks Don
Jaime from ambush. Capt. Ken Hobart, "Still I do not quite follow you."
formerly of the Texas Rangers, now Don "I'm not surprised. Where Roberta
Jaime's manager. rescues Don Jaime and
finds Antrim dead. Roberta Antrim ie is Concerned you do not think very
notified of her uncle's death at the hands clearly. Now, listen to me, my boy.
of one Jimmy Higgins. She considers
going to Texas to take charge of her Roberta's going clow. o Texas to look
inheritance. Roberta's uncle, Bin Lath- efter her interests. She hasn't said
:a2n, tells her he has been wiped out in
the stock market. so, but 1 know the thought will occur
to her between now and tomorrow
CHAPTER X.—(Cont'd.) morning. She didn't want to go if she
could avoid it, but now she's begin -
"That girl is too dog -gone high and
ning to think it is her duty to go. She
mighty to suit me," Crooked Bill con- must be on the job to protect every
tinned, sipping his drink with medi- dollar zoming to her from Tom An-
tative pleasure, "so I've cooked up a
trim's estate. She's the Little Moth -
scheme to bring her fluttering to tt.e
er
ground. Roberta's the light of my „now.
Got to take cars of poor old Uncle
eye and the apple of my heart, but
Bill Latham, or else poor old Uncle
nevertheless, as a reasoning human Bill will never raise his head again."
being, I've got to admit she has her «A very commeolable spirit. That
drawbacks. She's got to be yanked makes me love Roberta all the more.
down out of the clouds of romance to But still I do not follow you."
earthly practicalitie.:, and in my "Ymidiot, boy! I'm going to give
feeble way I'm attempting to do it. you a chance to be a hero, to put Rob -
"All her life I've been. busy spoil- erta under obligation to you. Tonight
leg Roberta by grarting every wish at dinner, this sad story I've just told
she expressed and a heap she never you is going to came out. You're go -
thought of expressiag. That's bad. ing to suspect something and start
business." probing me—and when you discover
"It's a business I fear I'd. love to all is au over you're going to suggest
engage in," Glenn Hackett replied saving me."
with one of his rare, humorous grins. eHowe
"Well, I'm not so sure Roberta
wouldn't be delighted to be your part-
ner—after she's broaght you to the
proper point of subjugation. The
trouble with you, son, is that you're
not sufficiently romantic to appeal to
Roberta. You're too old for your
years. Do you eves. make her a pretty
speech? Flatter her a little? Remak
on her dresses, the way she does her
hair—things like that? My boy, vo-
men eat that sort of thing with a
large spoon."
"I fear I'm sadly ieficient in that
method of approach"
"I know. You have the fool habit
of looking all the things you ought
to say. Now, then, here's my plan."
He recited in marvelous detail his
conversation with Roberta of a few
days before, regarding his operations
in Wall Street. "Of course," he added,
"I'll skate all the way around the
truth, but I won't actually lie. Not to
Roberta,
at any rate. I just pulled a
mournful mien, and Roberta jumped
to the conclusion that I had sold five
thousand Motors short and that every
jump of the ticker I was losing a for-
tune. You see, I merely outlined to
her what would happen. to any chap
who bought short in this market. Thus
1 craftily paved the way for a mythi-
cal collapse.
"Today I came staggering in, play-
acting all over the place, and moaned
aloud that I was out of the market,
that Motors had jumped fifteen points
and that my brokers had sold. me out
because I didn't dare stay with the
game any longer. Well, as a matter
of fact I am out of the market. My
brokers did sell me out—but on the
right side of the ledger, and as a re-
sult I've cleaned up about ten millions.
I've arranged with a trusted friend to
pretend he's bought Hillcrest from the
bank to which I bad given a deed,
Well, I did give the bank a deed, as
security for more money to play this
crazy market, but I could afford to, I
was miles ahead of the hounds—play-
ing on margin. I've leased this place
for july, August, and September—
and Roberta is so sorry for me she's
going to sell out her Uncle Tom's
sheep and wool and take care of me
the remainder of my days."
"Very nice of Roberta, I should say,
Mr. Latham. But then Roberta was
always a good sport. Witness the
sporty manner in which she took that
beating I was insane enough to inflict
en her in a moment of pique. I wish
my tongue had cleaved to the roof of
my mouth."
"Don't you wish anything of the
sort. Women—Roberta's type of wo-
man—love rough stuff from their
men."
"I'm not her man."
stock, that have dropped that much
—some of them in a week. Here is a
list to refresh your mernory. Remind
me that for a while during the post-
war panic Liberty bonds sold away
below par. Advise me to make the
gamble and assure me I will not be
called upon for any more margin,
that the price of Motors has now
reached a point that is unhealthy,
wildly speculative, not backed up by
assets. Pretty soon it will begin to
slide, and when it has slid far enough
all I have to do is sell out my line,
clean up and be back where I etarted,
less the sums I owe you. Point out
that by this method of procedure
can, at least, get back a million dol-
lars, but insist that when I do youy
must have any solemn word of how:
never, never, never to do any more
stock gambling."
"How will you receive this philan-
thropic offer, Mr. Latham?"
"I shall be overcome again at this
exhibition of your friendship and gen-
erosity, but I shall refuse to•borrow
money from you on my worthless note
—and I'll give Roberta another mean-
ing look. Then, do you know what
she'll do?"
"She'l' get you off in a corner, pri-
vately, and make you figure out for
her just how much money will be re-
quired to margin five thousand shares.
Then she'll ask you, secretly, to make
the deal in her name, and accept an
assignment of her interest in Tom
Antrim's estate at something less
than it would bring at a sacrifice sale,
ar security for the money you will put
up for margin. She insist on this
and reluctantly you let her have her
way."
"We will consiler that settled. Con-
tinue, please."
"You two will now have a.delight-
ful secret togethe... You will have a
community interest—my abject, hope-
less self. You will be in daily com-
munication regarding the market.
That will be your sole topic a con-
versation. While this mythical deal
ie. on not a word of love to Rdberta.
There must be no sentiment in. this
business, or you'll spoil everything."
(To be continued.)
Strange Cruise '1Royal Bank of Canada
Of Modern Crusoe. Issues Strong Report
By Henry Morton Robinson, Author , Profits at $5,448,327 fully cover regular dividends and usual;
of "Stout Cortez," in Popular Seience
appropriations—Total assets stand at over $825,000,000--.,
1V4°Mntahrolionedi First Officer john Ken- Liquid position well maintained, quickly available assets
ion, 'later for many years the famous totalling $348,630,551.
chief of the New York's fire depart Further striking evidence of the un- and 13ritish, foreign and colonial pub -
anent, clung to a barren ledge of Hog
Island, 1,800 miles west of the coast usual strength, of the Canadian. bank- 110 securities of $24,641,816. Call loane
$76,293,380 and naturally score -
of Australia, and watched the last ing system and the rapidity with which total
splintered planks of his vessel sink it has been possible for leading Cana- sent a substantial reduction for the
beneather the waves, Thirty-six: ellen banks to meet the changed condi- year, those In Canada ,being down $18, -
the bridge of one of the crack clipper irnent of The Royal Ba.iiit of Canada. The generally lessened. business
abroad over $7,000,000.
or 33 per cent., and those
hours before he had been treading' tons is afforded by the 9,nnual state- r"-55
ships in the Liverpool -Melbourne trade, The report, which is now going for -
of the early '70's. For the past day ward to shareholders, is for the fiscal
and night he had clung to a bucking !year ending November 30th.
wheel while a savage hurricane had' With the large resources at its dis-
blown his ship 500 miles off her course, posal, the Bank has been able to readi-
finally crashing her on the volcanic
rocks of Hog Island, Now, the 19 ly adjust Itself to the new conditions
and at the same time maintain its
survivors of that crash were marooned characteristically strong liquid posi-
in the loneliest part of the Indian
Ocean, castaways all, without food or tion.
With the less active trade conditions,
shelter, 300 miles off the nearest ship-
ping lane. the general business of the Bank, as
represented by commercial loans, was
As if this situation were not des- on a smaller scale, but shareholders
Dente enough, the captain now sick-
ened and died. First Officer John Ken -
Ion succeeded to the command. The
men were utterly demoralized, starv-
ing and shelterless. Straightway the
new captain, scarcely more than a
boy, began building up the morale of
his crew. He organized hunting and
fishing details, planned rude grass
huts for shelter, and devised a huge
fire beacon which was kept burning
day and niglat When one of the sail-
ors broke an arm, it was Jack Kenlon
who bound it in a rude splint drift-
wood. As surgeon, captain and chief -
of -staff, the young leader kept a cheer-
ful grin over his ruddy Irish counten-
ance. But as he strode the bleak cliffs
with his closest companion, Tom
Fleming, he was despondent over the
chances of ever getting his men. off
the desolate island.
"If 1 conly could invent some kind
or a craft," he kept saying to him-
self. ''But what is there to invent
with?" Nothing! No tools, no timber
—nothing but sand and rocks and sea!
"Well," he said to Fleming, after two
months of fruitless -waiting, "about
the only thing is to Ile down and
dream out a way of escape."
CHAPTER XL
Crooked Bill rubbed his hands to-
gether and smiled coyote smile.
"You're going to tell me that this rise
is Motors is, undoubtedly, one of the
greatest bull movements ever noted in
the market, but that from sources of
information you cannot, in honor, di-
vulge, you happen to know that the
boa' -s aren't licked, that they have the
bulls in a tight corner and that Mo-
tors is due to crash. I want you to
use the word crash. It's a good word.
It's—it's,--significa-rt. Then you raw-
hide me f or not coming to you with my
troubles when the going was slippery.
You tell me I was a tarnation old fool
for not doing so; -that if I could only
have held on a little bit longer the
tide would have turned and that you
would have been delighted to have
loaned me a million to carry me over.
Sabe that?"
"Yes, sir. Then what?"
"Why, I'll be overcome with emo-
tion and say: 'Glenn, you ought to
know I'd be the last loan in the world
to suggest a loan from you, of all men
—under the circumstances.' And
give Bobby a look that will be—well, being keen observers, made the most
significant. She'll be grateful to. .me of their opportunities. There are with a beam of 33/2 feet To reinforce
for not having placed her in positI bright and witty stories of travel by the slender stakes of the craft, ropes
land and water, descriptions of places were laid along the core of the keel,
•
"Pals Abroad" Declared
"Truly Delightful Booklet"
One of the most delightful little
books of travel to appear recently
comes from the pens of Mr. J. M. Den-
holm, editor of the News -Tribune,
Blenheim, and Rev. W. H. Roberts,
rector of Trinity Church in the same
place. "Pais Abroad" is the title of
this interesting volume, and well in-
dicates the nature of the contents.
These two enthusiastic Rotarians
were on the way to attend that or-
ganization's convention in Vienna, and
"Dream?" queried Fleming in sur-
prise, "You never struck me as a
dreamer, Captain, I've always thought
your ideas ran to something more
practical and concrete."
Concrete! The resourcefulness that
was later to make him New York's
greatest fire lighter gave birth to a
daring idea. "That's it, We'll build
a concrete boat!"
"A. concrete boat?" gasped Tom.
"Why, Skipper, a concrete boat would
sink!"
"If an iron ship floats, why not a.
concrete ship? It's only a question
of displacement. There's limestone
in these cliffs; we can. crush and
burn it for cement. As for sand and.
stone—there's no lack of either on
this island, I'm thinking," So Skipper
Kenlon set his men to crushing rock,
while he himielf built a kiln in which
to burn limestone. He had built doz-
ens of concrete houses with his father
in his native Irish village, and had a
thorough knowledge of the art. After
three weeks of careful testing and
mixing, he decided that he had the
best concrete that could be made.
At this point he turned his attention
to the framework of the boat. With
a few sticks of wood salvaged from
the wreck of the clipper ship, he laid
the skeleton of a boat 32 feet long
activity is further reflected in com7
mercial loans, which are. $419,345,043,
as compared with $444,815,877 a yeas
ago. Letters of credit also show a
reduction — nearly $10,000,000 — ob-
viously due to curtailed international.
trade.
Total deposits stand at $647,303,075, ,
as against tr 95,589,060 at the end of
the 1930 year. The decline, as is -well
known, has been principally in de-
posits elsewhere than in Canada, those
in the Dominion being down only
will be gratified in finding that profits $7,160,000, and now amount to 5479, -
were more than sufficient to permit of 165,004, -as against $486,325,264.
payment of the regular dividend et the satisfactory Profits
rate of 12 per cent, and, in addition, The many shareholders of the Bank
to take care of all the usual appropria-
tions, including $600,000 set aside for
Dominion Government taxes.
Assets Well Maintained
The general statement of assets and
will be particularly interested in the
profit and loss account, and the show-
ing made should be regarded as very'
satisfactory. Profits for the year
amounted to $5 448 327 and these
liabilities shows total assets in excess added to the amount brought forwar
of $825,000,000, a reduction of only from the preceding year brought the
about 7 per cent. as compared with the total available for distribution up to
amount reported at the end of the pre- 59,555,105. Payment of the usual 12
vious year. In the light of lower com- per cent. dividend absorbed $4,200,000;
modity prices and general slackening a contribution of $200,000 was made
of activity, the maintenance of total to Officers' Pension Fund; the usual
assets at such a 'high level should be amount of $400,000 was appropriated
regarded as .a remarkably good show- for bank premises and c;600,000 was
ing. In keeping with its .policy, the . allotted for Dominion Government
Bank's liquid position, as usual, is a • taxes. After meeting all these charges
strong one, liquid assets totalling $348,- the substantial amount of $4,155,105
630,551, or over 48 per cent. of liabili- was carried forward to credit of profit
ties to the public. The principal ac- and loss into the next fiscal year.
counts included among them are cash The report will be submitted to
items of $150,286,891; Dominion and shareholders at the annual meeting to
Provincial Government securities of be held at the Head Office of the Bank
$85,473,058 and Canadian municipal on Thursday, January 14th.
of having to be grateful to you for
helping me. But at the same time
she'll be grateful for you for suggest-
ing it. Well, I'll tell you it's too late
now, and you jump and and yell that
it isn't, that you will see the bank and
get them to refrain from recording
the deed I gave them to Hillerest;
that you'll get them to accept your
indorsement of my notes and continue
to hold the deed as additional security
for the loans."
"So far I follow you. What next,
Mr. Latham?"
"You jump up and say you must
have times to think. Prance up and
down -the dining -room, thinking hard.
Act like a movie actor. Show Roberta,
who will be watching you fascinated,
that in an emergency nobody need look
beyond you. Prove to her you. are a
strong man—a quick -thinking, bold,
adventurous, brave fellow, but be
careful to ignore her completely. Make
it plain that what you are going to do
is because of your ancient friendship
for me. Disclaim any risk. Then out
With your plan to save the old home-
stead and the family ortune."
"The plan," Glenn Hackett demaed-
ed, "the plan."
Crooked Bill's old eyes fairly pop-
ped with delight at the part he was
playing. "When I first jumped into
the market. on Motors, Glenn, I sod
twenty-five hundred short. Then the
steak started up grade, so I sold out,
and individuals, and comments on the
infinite historic char= offered by the
Old World. A truly delightful book-
let.—Toronto Globe.
liM••••••••••••••11. M•••••••=1.M•••=0••••••
4.1••••••••••=1,
ed when the concrete sloop made its
trial trip around the island. With Ken-
lon at the tiller and Fleming in the
bow as lookout, the boat attained a
speed of 10 knots, answered the helm
beautifully, and shipped not a drop of
water. The crew danced wildly on
the beach as they watched the first
vessel of its kind skim the pounding
breakers. They wanted to set sail at
once for Australia, but the young cap-
tain would not be hurried into this
long voyage without careful prepara-
tions. He made the crew salt down a
month's supply of fish and rabbits,
while he put the new boat through a
series of gruelling trials. Triumphant-
ly, she met them all! Finally, Captain
Jack and his crew shoved off for the
open sea.
Kenlon had no sextant or compass,
but by dead reckoning, laid a course
for Australia. In ten days, when they
were within 200 miles of their destina-
tion, with the concrete boat still sea-
worthy, they were picked up by a
Melbourne merchantman. Their res-
cuers were unable to take the sloop
along, so it was regretfully abandon-
ed. Thus Jack Kenlon brought his
crew to safety in a homemade boat of
sand and stone. Incidentally, its
principle of construction was so sound
with ribs of rope ]yiug transversely
across it to strengthen the sides of
the boat. The actual pouring of the
concrete was done in 48 hours. When
the last scoopful had been poured, the
weary company scarcely dared breathe
the question uppermost in every mind;
Will she float? ,
That question was definitely answer -
The weakness of the social affec-
tions and the strength of the privat8.
desires constitute selfishness. -- Sir
James Mackintosh.
"You follow my lead and you will took my loss and—immediately bought
be. You've given her one licking and double the amount I had sold, and
P'm giving her aoother. Right now spread it as thin as I could on mar-
figtiring ways and means of gin."
avoiding all her old friends. Shell "Excellent strategy."
never place herself in -the position of "Well, then, your plan will be to
Wag pitied by her set, of being pat- suggest that now, with the stock at
realized, of being the recipient of its peak price, the obvious thing for
16,11(A'S she ean°t repay. She know ine to do is to sell five thousand
her set—knows that money is king, shares or oven ten thousand. You'll
and that those who cannot hold their put up the margin for nic. Assure me
place in the race must all behind and there iS no risk, that the stock will
--- drop a, `hundred points within ,sixty
ISSUE No. 2—'32 days. You can cite any tuuther of
New York soc,iu:y 1)Aron, and a grandmother,
.1.: Uowells, took up art only last year, and last week
exhibit of her own modern paintings.
eer
Mrs. Isb'ry
opened an
that the 'United States made hundreds
like it during the World War.
A Bull
An American was being shown about
the Australian bush when a herd of
bullocks made its appearance.
"What are those?" the American
asked.
"Bullocks, of course," was the ans-
wer.
"In America they are three times as
big," the visitor remarked.
A flock of sheep passed and again
there was inquiry as to what they
were.
"Sheep, of course," the Australian
replied.
"Thought they were rabbits," said the
American. -
By this time the Australian had
learned something, and when three
kangaroos hopped along and the
_American inquired what they -were, he
replied, "Grasshoppers, of course."
Society has this good at least, that
it lessens our conceit by teaching us
our insignificance, and making us
acquainted with our betters.
—Thackera.y.
Nerves on edge. A head that
throbs. You can't stop work, but
you can stop the pain—in a hurry.
Aspirinwill do it every time. Take
two or three tablets, a swallow of
water, and you're soon comfortable.
There's nothing.half-way about the
action of Aspirin. You will always
get complete relief when you take
these tbles.
These tablets should be in every
shop,office' and home. Ready ...to
relieve anysudden ache or pain,
from a grumbling tooth to lumbago.
Don't suffer with that neuralgia,
%.0
newitis, rheumatism, etc.; or lose
any time because of colds or sore
throat. Get some Aspirin and just
follow those proven directions for
'instant. relief.
Aspirin tablets cost very little,
especially if yott buy them by the
bottle. Any doctor will tell, you
they are harmless. They don't hurt
the heart. They don't upset the
stomach. So take them ns often as
you have the least need of their
quick comfort. Take enough for
complete results. On sale at drug
stores everywhere, Maclein Canada.
A.
p 1 i
, R ,
(TRADE -MARK REG.)