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Home My WebLink AboutThe Herald, 1915-01-01, Page 71' TI rine ha .ish ettn n to th h wa dent r�-th :s grea ship n' a s eha1 real- they r. "1 t that riding been 10,000 Tyne - were min - s cost allies' buted to of ,r the over, from urrey to ,n of ;eptly , Pie- re•si- acan- !.s the mem o to Duu "G•d1 Popos tidier lariec nie nt :he rt lake r crier e he enter mpe . $5' 1 out ,vide bee kiln, rt1St11 ;e ut '1r e wa er part larg o roe wi in th r tl too h le Ay 1 Lame, 00 ca r1 r f Be t ti elgia lone eon 1 wi 708 dee aper lily ef. 11 W Car Weneeleetettieeleele'Seta Yo. ng Folks Johnny's Red Shoes. olinny's sand box is in the gu- n. The box is deep, so that finny and the sand will not frill t. he things that belong in the nd box, besides Johnny, are the tle tin pail to hold sand, the red 1 pail to hold water, the shovel, e rake, and in iron spoon. The ings that do not belong there are e woolly dog and Johnny's shoes d stockings.; n&.,Sunday morning Johnny's her and mother were going to .ureh, and the nurse put Johnny to the sand box. He made two rte, one with the red tin pail and to with the blue tin pale ; and en he hammered on them with the .n spoon, and said, "Bang!'bang 1 t1>g 1" and that made a battle. While he was leaving the battle, e ,Boy Over the Fence came and oked through the pickets, and id, "Pve got new shoes on 1" hnny looked, and saw that the y had new brown shoes that tied 'front.. Johnny said, "I have new shoes stairs, and they are red." "No, not reel," said the Boy Over e Fence. "They are I" said Johnny. right red, with ankle buttons.' `Let's see .them," said the Boy ;er the Fence. Johnny trotted up the back stairs d brought down his white stock - .ROMA B K NS' I'E'lS'ITS STRONt E 4'1STA'1'R:- Cash on hand reaches record rd I eve! o f 17assets 8%and liquid tota l 46.16%of liabilities to public. Bank writes off half a million on value of investments. Surprising results under exceptional trade conditions, The great care which has been exercised this year by the larger banks of Canada in maintaining them- selves in the strongest possible po- sition, and in this evey being able to guard against any developments that might arise in the country, is striking- ly illustrated by the showing made by the Royal Tank of Canada in its an- nual statement for the fiscal year end- ing Nov. 30th, 1914. A close study of the ges.eral state- ment of assets and liabilities would seem to indicate that the management has given its every consideration to- wards keeping the bank strong both in cash and immediate liquid assets, such a policy being rendered advisable by the very uuusnal conditions brought about in Canada by the out- break of the European war. In order to maintain such a position, even op- portunities for profits were apparently ignored .o some extent, but as a result the statement, as a whole, is perhaps the strongest ever issued by the Royal Bank and at the present time this should be as satisfactory to share- holders as it is reassuring to the pub- lic generally. Under the conditions it enables the bank to play a prominent part in helping the Dominion through an unprecedented situation. New Record of Cash on Hand. The part of the general statement which is of particular interest is per- haps that which shows the cash pc): sition and the liquid assets. At the end of the fiscal year, the amount of cash on hand reached the new high level of $27,683,855, which .is equival- ent to such an ample percentage as gs and red -shoes; he had 17.93% of liabilities, to the public. Lind them laid out on a chair, with This account compares with $21,466,- e white suit case, all ready for to put on. He held them up that the Boy Over the Fence uld see them. nd the Boy Over the Fence said, 1" That was all he could think list then. he nurse opened the kitchen r, and said, `-`Come in and get it luncheon. See the nice crack - and the mug of milk." ohnnv was hungry, and he drop - the red shoes and white stock- s, and ran into the kitchen to e his. luncheon; and then it was for .his nap, .and 'by lie evoke up,'' and his her same to dress him for din- S.lie washed his face and fs, and brushed his hair, and on his white sailor suit; and she said, "Why, where are shoes and stockings g" le looked under the elairs, and ie bureau, and under the bed. nny," she said, "I cannot find red shoes and white stockings. t them here - with your suit, and they are gone." h !" said Johnny. "I think— are in—the sand box 11' the sand box " cried his mo - he Boy Over the Fence said weren't red," said Johnny, they were." mother ran downstairs and Ito the garden. No red shoes ito stockings were in the sand She looked all about o•are-• There were the red tin pail he blue tin pail, both turned down, with the old iron laid across them. And there he marks of Johnny's mocca- nd—oh, there were the marks ether pair of shoes; a little than Johnny's. 1" ,said his mother. ' `You suppose-" looked over into the next abut there were muddy foot - leading from the fence to nd box. as she was stepping out of nd box, her foot struck t the red tin pail and knock - ver ; nock -ver; and—what do you think of the pail were one red nd one white 'stooking. Then ned over the blue •tin pail, ere were the other red shoe o other white istOOlting. uy's mother looked over the but no one was there; so k 4110` shoes and stodkings $ and showed them to old him where she had found a,sid then she put them away rawer, and brought out s old brown moccasins. ust wear these to -day," she why' 1" said Johnny, "I like hoes and white stockings, ou took them out; and left the sand box,;' said his forgot," said Johnny. his will help you to re - lab belongs in the sand d his Another. did. Johnny did not for - Youth's •Oomptlniou. 209, last year, which was equivalent to 13.83%, or an increase of over $6,000,- 000. Including the cash on hand, the liquid assets amount to $71,244,677, Which is equivalent to as much as 46.16% of liabilities to public. The principal accounts in this department include notes of other banks, $2,525,- 205; 2,525;205; cheques on other banks, $5,752,- 485; 5,752;485; balance due by banks and bank- ing correspondents elsewhere than in Canada, $3,144,502; Dominion and Provincial Government securities not exceeding market value, $1,158,568; Canadian Municipal securities and British, foreign and colonial public securities, other than Canadian, $2,- 185,062; railway and other bonds, debentures and stocks, net exceeding 'market value, $13,557,741; call loans in Canada; $8,574,058; call and short loans elsewhere than in Canada, $6,080,847. - lindication sir Contraction in Trade. With the falling off in general busi- ness in the country, the current loans hava naturally shown a slight coutrac-, tion, these amounting to $84,585,972, as compared with $86,989,390 at the end of the previous year and other current loans and discounts elsewhere than in Canada $15,002,488, as com- pared with $15,551.194.. Growth During Year. Even under the unprecedented con- ditions that prevailed, the progress of the bank, as indicated by increased deposits, was most satisfactory. De- posits not bearing interest at the end of the year totalled $31,224,129, as compared with 336,276,871, at the end of the previous year, while deposits bearing interest reached a new high level at $104,827,078, as compared with $101,900,790. The total deposits aggre- gated $136,051,208, as against $138,- 177,622, 138;177,622, a decrease of approximately $2,000,000. It, will be remembered, however, that during the year the Bank repaid the deposit of the Al- berta and Great Waterways Co., amounting to $7,000,000, and allowing for this, the ordinary deposits during the year showed an increase of $5,000,000. Large Amounts Written Off. The profit and loss account indicates that owing to the exceptioaai con- ditions, the management has deemed it advisable to follow a very conserva- tive policy in its valuation of invest- ments, and this year has . made a special reservation on this account of $500.000. The profits for the year amounted to $1,886,142, equivalent to 16.80% on the paid up capital. As the balance of profit and loss at the end of the Previous year amounted to $1,015,119, the total amount available for diatri- bution, with the profits added, amount- ed to $2,901,262. Of this amount dividends accounted for $1,887,200; $100,000 was transferred to officers' pension fund; $250,000, written off bank premises' account; 350,000, con- tributed to patriotic funds; 3500,000, allowed for depreciation in invest - Monts. This left balance to be carried forward to profit and loss account at the end of the year, 3614,062. The statement of. Assets and Lia- bilities, and the Profit and Loss ac- count, are as follows: • Assets. 1914. Current coin $ 12,995,483 Dom. notes .:.... 4 ... , , 12,688,371 Cent gold res. Notes and cheques Govt. deposit .. , . other banks Due, by other banks Government securities .: ivtunieipal 'see,, etd..,,,. Bonds, debts, etc. 325,683,855 2,000,000 678,000 8,217,691 3,148,854 1,158,568 2,186,062 18,557,741 Call loans in Canada Call loans out Canada., Liquid assets Cup., loans in Canada .. Cur. loans out Canada <.. Overdue debts Reel ' a estate Bank premises .,, Other assets Total assets To the public:— Circulation Demand deposits Savings dep Due other bank Bills payable. Acceptances ..... 8,674,058 6,080,847 371,244.678 84,685,973 15,002,488 568,498 1140 337 7 1 , 600,000 000 5,861420 1,541,536 $179,404,054 Liabilities. • 1914. $ 13,505,265 31,224,129 104,827,078 2,636,701 744,389 1,481,717 • Total pub. liab. 3154,319,272 To the shareholders:— Paid-up capital $ 11,560,000 Reserve , , 12,560,0.00 Prev. balance 614,062 Divs., inc. and pay 350,719 3179,404,054 Profit and Loss Account, Balance of Profit and Loss Account, 29th November, 1913 ... , .. 31,015,119.58 Profits for the' year, after deducting charges of Management and all other expenses, ac- crued interest on de- posits, full provision for all bad and doubt- ful debts and rebate of - interest on unmatured bilis , ...... , .... , . , 1,886,142,67 $2,901,262,25 Appropriated as follows: Dividends Nos. 106, 107, 108 and 109,. at 12 per cent. per annum. ..... $1,381,200.00 Transferred to Officers' Pension fund'100;000.00 Written off B an 1: Premises Account .... 250,000.00 Contribution to Patri- otic Funds .. . . 50,000.00 Depreciation- in Invest- ments Balance of Profit and 506,000.00 Loss carried forward. 614,062.25 0 $2,901,262.25 H. S. HOLT, EDSON L. PEASE, President. Gen. Man. Montreal, 18th December, 1914. The annual meeting of . the share- holders will be held in Montreal, on Thursday, January 14 next, and the resume of the president, H. S. Holt, is looked forward to with considerable interest in financial arid business circles. , • THE LATEST ULTIMATUM. Gott, Gott, dear Gott, attention blease : • Your bardner Vilhelan';s here, Uud has a word or two to say Indo your brivate ear ; So dura away all udders now Und listen yell to me, For vat I say concerns me much, MeinselE and Sher -many. You know, dear Gott, I vas your frienett, Und from mein` hour of birth I quietly let you rule in Heffen, Vile I ruled here on earth, Und ven I toldt nein soldiers Of byegone battle days, I gladly split de glory, Und half gave you of praise. In every way I tried to prove. Klein heart to you vas,true, Und only claimed mein honest share In .great deeds dab ve do. You could not hal a better :friendt In sky, or land or sea, Dan Kaiser Vilhelm number two, I).e Lord of Shernieny. . So vat I say, dear Gott, is dis, Dat ve should still be friendts, Und you should help to send any to e,s To meet deir bitter ends. If you, dear Gott ,vill dis me do I'll nothing ask again, Und you and I will bardners be For evermore, Amen 1 But listen, Gott, it must be mighty quick Your help to me you send, Or else 1 hal to stop attack And only blay defend. So four and twenty hours I gif To make ole Allies run `Und put me sale into mein blase --- De middle of de Sun. If you do dis, I'll do my bare: I'll tell de valid dot foot, But if you don't, den I must tink It is an hostile act. Den vat at once I vill declare, Und in mein anger rise. Und send mein Zepp'lin ships to wage. A fight up in de skies. Dis ultimatum now, dear Gott, Is von of many More, Mine mind is settled up to clean. De whole vorld off de door. Because you vas mein bardner, Gott, An extra chance is Biffen ; So help .at vonee, or else I'•ll be De Emperor of Heffen. —Van De Todd in > Canadian Magazine. Do Lou Breaths iliirt? DANGEROUS PLEURISY ALWAYS BEGINS THIS WAY. Speediest Cure is Nerviline, Ouch, that stab -like ' pain in the side is. like a hot knife blade in the ribs! FrObably got over-heated—cooled too,fast—now there is congestion, tightness, such soreness you can't draw a long breath. Tllis,iis the beginning of Pleurisy. Pleurisy is far too serious to neglect a single instant. Quickest relief will come from a vigorous rubbing with Nerviline, This trusty old pain reliever wi]]Fix you up in no time -•--will take away the con- gestion— make you well just as it .did. Mr. Samuel St. Johns, of. Stamford, who says:—"In running to catch a train •last week I became much over- heated, I put up, the train window and .rode that way in order to get coli cl off, In an hour my side was so full' of pain and my breathing hurt so muchthat I thought I had pneumonia. I always carry Nerviline in niy grip and -at destination I rubbed my side thoroughly three tines. The warm penetrating effect was soon notice- able and I quickly got relief. Nervi - line I consider saved me from a seri- ous illness." Ana' sort of a cold can be quickly broken up with Nerviline which is a marvel for reducing inflammation, for relieving congestion in the throat and chest, for curing stitch in the side, lumbago, neuralgia. sciatica or rheum- atism. Nothing more soothing or powerful. The 50c. large fainly size is the most economical. Small trial size 25c. at dealers everywhere. Seeing Under Water. It is undoubtedly true that, un- der certain conditions, it is possible from a good altitude to perceive ob- jects at a certain depth below the surface, but this is mainly the case with calm, clear waiter, with a fa- vorable light. In the ebeppy gray waters which abound round British coasts, a submi,arinc would rarely be detected, more especially as the vierv..from the pilot's and observer's seas is, in tile majority of cases, most. defective alt- the present time, and the fierce slip -.stream from the propeller revolving in front, added to the highspeed of travel, render the,use of goggles imperative.But, • in the opinion of a writer in the London Daily Telegraph, minor difficulties such as these may, and no doubt will, be overcome in ,time, and 'experience alone can show in how far the aeroplane will serve as a proteetiwn..against submarines, .p The Pathos of Life. One of the reflections most com- mon to people of more than aver- age thoughtfulness is something like this: "When we go hence how little accompaniment we leave be- hind -urs, tend how well the world goes on without, us," It is as pa- thetic as it ;i•s true of most of us. We do not distinguish deeds. We do not realize our ideals. When the most faithful worker dies a crowd is ready to rush into the place leFt vacant even if it be inconspicuous. Few leave a memory that endures for a generation except in the hearts of a handful of friends. If this life is to be regarded as finel we might be tempted to regard it as nob worth living, it is so disappoint- ing to our noblest hopes, our lofti- est ideals. But if this life is a dis• cipline, a preparatory school, if the chief gain of any life is not fame but character, even our disappointments and frustrations are prophetic. Life is a cruel mystery unless its horizon be widened to include eternity. MURDERED nut right out of business, a whole ram. ay of corns by Putnaan's Corn ];xtraotor, 'which axes corns and warts in one day. No pain or sore if "Putnam's" is used. Refuse substitutes, 26c. per bottle at all dealers Teacher -A train leaves London travelling thirty miles an hour: it is followed thirty minutes later by a train, travelling sixty miles anhour. At what point will the second train run into the first? Boy —At the hind end of the rear car. Sometimes a self-made man makes a•noise like a phonograph. ED,, 5. ISSUE 1.•---'.1.5. tihtli idle{. I know that this day will never come again. 'Therefore I will crake it the best day in which I have ever lived. I know that happiness is a thing winthin, and it is always in the world and very a.ear to me. I know . n,�w I have but to search for it, and that.as.soon as I begin to hunt it out 1 have it. Also, I know that as soon as I -get happiness and be- gin to give it away it comes back doubled—and more—to me. I know this. I know that work is a stimu- lus, and that it keeps the world alive and moving. I know that the people who work with love in their hearts and interest in their brains are the real doers and benefactors of mankind. I know that I can be a doer and a benefactor. I know that life is exactly what I make it. I know that other people and other forces can influence my life and work only as I follow it. I know that I am young if I live youth; I know that I am happy if I' live hap- piness ; I know • that I am worth while if I attempt and accomplish worth -while- things. I know that the greatest thing I can ever do is to do my best at all times :and under every circumstance.—George Mat- thew Adams. Papa EIad a Grouch. Nell ----Jack, dear, did you call on papa to -day? Jaok---Sure I did, but he didn't appear to enthuse very much over my visit Nell—What did he say'? Jack—Why, when I asked him for permission to press my suit, he simply answered, "Why don't you send it to a tailor 1" THE BEST MEDICINE FOR LITTLE ONES Baby's Own Tablets are the best medicine for little ones. They are guaranteed by -a government ana- lyst to be absolutely safe and never fail to cure constipation, colic, colds and sample fevers by regulating the stomach and bowels. Concerning them IVIr.s. S. Shannon, Urney, N. S., writes: "I have used Baby's Own Tablets for my two children and think they are just what little ones need. I would not be without them." The Tablets are sold by medicine dealers or by mail at 25 cents a box from The Dr. Williams' Medicine Co., Brockville, Ont.. }Ie Shall Not Want. "Yes," said Mrs. Twickenbury, "our minister has decided to go to another pasturage." "Charles says I grow more :beau- tiful every time he sees me." "If i that's the case yen ought to make I him call twice a day," came the I reply. TAKE NOTICE We publish simple, straight teatimon• iala, not press agents' interviews, from well-known people. From all over America they teotify to tate merits of MINARD'S LINIILENT, the best of Household Remedies. &LINAThD•8 LINIhMENT CO., LTD. When Ethel was five years old she went to school for the first time, "How do you like your teacher, Ethel V' asked her mother. "Well, mamma, I don't think the teacher knows very much." "Why not, my dear!" "Why she keeps .asking questions all the time 1" Minard's Liniment Cures Carget in Cows. An Irishman, hearing of a. friend who had a stone coffin made for himself, exclaimed: "Faith, that's good. Sure, an' a stone coffin will last a man a lifetime." Minard's Liniment cures Diphtheria. The "Honeymoon." A custom commonly observed by newly -married couples among the ancient Teutons was drinking a wine made from honey during the first thirty days after marriage. The use of the word "moon" was used simply to designate the period of time, one month, that the use of the wine continued. In no other respect was the moon supposed to have significance in the chatter. Al- though the custom of drinking this particular kind of wine was long ago abandoned, the word honey- moon has survived in a. different sense. It is now applied to the. period after !carriage, long or short, gencraii devoted to a trip away from home. And the less some people 1:e more they expect. Minard's Liniment Cures Colds, lite, Delicately Y flavoured— Highly concen- trated, WHY WORRY 1 Choose your variety and ask your grocer for "Clark's''. s FARMS s0R SAL2. H. W. DAWSON, Ninety - Colborne Strut, Toronto. F YOU wAN'r TO I317Y OR SILL ',1 Pratt, Snook, Grain or Dairy Farm. write II. W. Dawson. Brampton, or 90 Col' borne ht., Trronto. H. W. DAWSON, Colborne St., Toronto, MISCELLANEOUS. Edi aNclR. TUMORS. LUMPS, ETO.. 'L) internal and external, cured out pain by our home treatment. Wp',r, us before too late Dr. Belizean Iledioa•i Co.. Limited. Coilinawood,,Ont. BM Winery For Sale Engine, shafting, belting pulley's, etc. from large factory for sale. Wheelock engine, 18 by 42, complete with cylinderframe, fly wheel, bear• Ings, etc., all in good condition. Shafting from one inch to three inches, pulleys thirty inches to fifty inches, belting six inches to twelve inches. • Will sell entire of in part. NO REASONABLE OFFER REFUSED. S. Frank Wilson & Sons, '73 Adelaide Street West, Toronto. -Masa nt. Hostess --I want you to sing, Kr. Basso, but it's such a pr ;tsar.1 party 1 hate to break it up. YOUR OWN DI31J00181'WILL TELT. WL Try Murine Eye Remedy tur Red, Weak, Waterer Eyea and Granulated Eyelids; eids; Nu Smarr i ; --• just ]Eye Comfu'rt. Write fur Bunk of tb, ea bymailFree. Murine Eye itemedyCo.,G,t' p;,. At a. crowded ciincert to ilk; Patti a young- la€l+y- wag/reeking fur ""•;-,.— . a ' ^•- a seat. "Is it •a seat you wan;, miss ?" asked the Irish usher. "Yes, a seat, please." "Indade, miss," said Pat, "I should be &ad to give you a sate, but the empty ones ,ire all full." • Minard's Liniment Oures Distemper. - WHAT IS YOUR MIRROR'S STORY? ORY ? OU can't have a beautiful complexion for the asking. aselln Trademark COLD C ,i-;EAIVI used regularly will remove blemishes, and snake the skin smooth, dear, artd sound. Vaseline Cold Cream contains no animator veg- etable fats. It is sterilized in the making and delicately perfumed. A full size jar of Vaseline Cold Cream will be sent to yciu direct on receipt of the price -15c. Drug and department stores everywhere sell the various "Vaseline" preparations. Write for free, illustrated "Vase- line" booklet telling all about dinar. CHESEBROUGH MPG, CO. (Contolilaiol) 1880 CHABOT AVE. MONTREAL