The Huron Expositor, 1930-06-06, Page 6.1
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loTS VERSUS SAFE
CiACKERS
• NOW York a 60 -story sky -scrap -
V40, riSing, and at its heart is a num-
p ,Tgatt, armed fortress of
land concrete. Behind the doors
that ve,ult may lie $1,00a,000p00.
,y Inunlan and mechanical device
be employed to guard that tree -
ear. Will it be safe?
II put that question to a distin.guish-
eel. vault engineer, who has built some
'of the strongest vaults in existence.
His answer amazed me.
(19Give me as million dollars with
tvvhieh to build a vault," he said, "and
*there would still be half a dozen men
in the world who could open and rob
it!"
Nor are these men Hioudinis, or
Jimmy Valentines who open tumbles"
'41
imimosidatati
ECZEMA
"SOODUl•SALIIA" AMAZES DOCTORS
"Baby had terrible eczema. 'Seethe.
Salve ended itching in 1 minute. Disease soon
L1t."— Mre. J. Lawrence. Stops Itch, bum pain
minute. Eczema goes ter good in few days.
becomes clear. smooth. AU Druggists.
. . •
locks wif.4 Sa0;PaReeed, They
are experts iet thse o twv of the
most terrible safe -breaking weapons
known ---the "flexing red" and the
"oxygen lanee." Against these latest
potential tools of safe breakers, no
absolute defense is known. The fin-
ancial world is waiting to see if any
super -criminal will dare to use them.
Nothing is "impossible" in the never-
ending battle between safe makers
and safe,breakers.
Only a few people remember Jimmy
Hope, butt fifty years ago his name
struck bank ;presidents with terror.
About 1880 he distinguished himself
by boring through the floor of the
'Ocean National Bank of New York
and removing $1,550,000 in gold and
bonds from its "burglar-proof" vaults.
A few years later, the Manhattan In-
stitute for Savings proudly announc-
ed a genuinely burglar-proof vault,
whose four -foot wall was studded
with cannon balls and whose two -ton
door was locked with six enormous
bolts sunk deep in the vault's frame-
work. Jimmy Hope and his expert
henchmen entered the bank one day,
pried open the door with giant wedges
and departed with $2,750,000. The
;bank was all but ruined.
Then came the invention of the
step -door. Its edge composed of a
series of right-angled steps, did not
permit the entry of an ordinary wedge
for more than half an inch. But flex-
ible wedges in the hands of master
Thries.*rrir..1Vrih.ITIV.Alrr"firth.,
etkeleteelteefieeleeek,..;••.;
rizietz.thilVASM
Tge
AreeWnereeneh,ms
eraielonie • showed that ellen these
doers w, e not always burglar-proof.
Then deers were made with compli-
cated tongue and groove patterns,
rendering entry of a wedge virtually
impossible.
But the craeksman had learned a
new trick. He forced nitro-glycerine
into the cracks. The tongues and
grooves were an easy prey to the ex-
plosive. "When I first saw a safe
that had been wrecked with nitro-
glycerine," one engineer says, "I
could not beheive that solid metal
could be so torn and twisted."
Then science reverted bo the cone-
shaped "plug" door, machined to fit
closer than ever before. The cone
shape meant that a charge of explos-
ive would shoot harmlessly out
through the crack without twisting the
door. But along eame the invention
of the acetylene torch. Devised to
cut away steel girders in buildings
demolished by fire, this formidable
instrument shears its way through
steel like a knife through macaroni.
1t can pierce six-inch steel plate in
ten minutes. The yeggs fully realiz-
ed the value of this torch in their
trade, and began literally to burn up
small country vaults with their new
tool.
To -day science meets the threat of
the "cutter -burner" with .composite
walls that embody materials resist-
ant to heat, drills, and explosives. Yet
, even. such ;walls cannot meet the new
K OF ONTREAL
Established 1817
cif presentation, in easily understandable form,
of the Bank's
SEMI ANNUAL STATEMENT
30th April, 1930
LIABILITIES
LIABILITIES TO THE PUBLIC
Deposit . . • • •
Payable on demand and after notice.
Notes of the Bank in Circulation
Payable on demand.
Letters of Credit Outstanding • • • •
Financial responsibilities undertaken on bdhalf of customers for Cain-
rnercial transactions (sec offsetting amount (x) in "Resources").
Other Liabilities . . . . • • •
which do not come under the foregoing headings, including
$.5,csoo,000 advances from the Dominion Government under The
Finance Act.
Total Liabilities to the Public
•
•
•
e
$ 688,067,754.78
38,473,147.00
10,941,971.37
8,745,783.97
• $ 746,228,657.12
LIABILITIES TO THE SHAREHOLDERS
Capital, Surplus and Undivided Profits
& Reserves for Dividends . . . 76,370,991.11
This amount represents the shareholders' interest in the Bank, over
winch liablizties to the public take precedence
Total Liabilities . . . • $ 822,599,648.23
RESOURCES
To meet rtie foregoing Liabilities thee-B/Lk has -
Cash in its Vaults and in the Central Gold Reserves
Notes of and Cheques on Other Banks
Payable in cash on presentation.
Money on Deposit with Other Banks
Available on deeeeei
Government & Other Bonds and Debentures
Gilt -edge Securities practically all of which mature at early dates.
Stocks . . • •
Railway and Industrial and other stocks at or below market value.
Call Loans Outside of Canada . .
•
$
• e
94,421,408.82
45,507,317.11
15,448,298.39
121,661,712.27
922,087.90
68,028,615.57
Secured 17 bonds; stocks and other negbtiable securities of greater
value than the loans and representing motleys quickly available with
no disturbing effect on conditions in Canada.
Call Loans in Canada . . • • 27,460,856.27
Payable on demand and secured by bonds and stocks of greater vet*
than the loans.
TO'TAL OF QUICKLY AVAILABLE RESOURCES
(equal to 51.03 of all Liabilities to the Public)
Other Loans . . .
• • •
To manufacturers, fariners, merchants and others, on conditions con-
sistent with sound banking.
Bank Premises . • • • •
Two properties only are carried in the names of holding companies;
the stock and bonds of these companies are entirely owned by the Bank
and appear on the books at $i.00 in each case. All other of the
Bank's premises, the value of which largely exceeds $14,500,000, ap-
pear under this beading.
Real Estate and Mortgages on Real Estate . •
Acquired in the course of the Bank's business and in proretriz7\being
realized upon.
x Customers' Liability Under Letters of Credit . .
Represents liabilities of customers on account of Letters of Credit saced
by the Bank for their account.
Other Assets not Included in the Foregoing .
Making Total Assets of
• • •
to meet payment of Liabilities to the Public of
leaving an excess of Assets over Liabilities to the Public of
PROFIT and LOSS ACCOUNT
$ 373,450,296.33
417,998,828.93
14,500,000.00
1,930,456.44
10,941,971.37
3,778,095.16
$ 822,599,648.23
746,228,657.12
76,370,991.11
Profits for the half year ending 3oth April, 193o 03,543,017.87
Dividends paid or payable to Shareholders ,
Provision for Taxes Dominion Government
Reservation for Banlc Premises ;997056644
$ 545,45043
735,582.32
00,280,033.7i
• 0.1‘00"63.‘ -?,:(C.1:.%• ,)44r4x. c471,1'
'••3 '•410i40:,01^'•&C,t-
7he strength of a bank is determined by its history, its poycy, its management -
and the extent of its resources. For 112 years the Bank of Montreal has
• been in the forefront of Canadian Finance.
. . .
$2,167,586-99
229,97945
600,000.00
Balance of Profit arid Loss AtT.ount, October 3 tat, r929
Balance of Profit and Loss carried forward
• •
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N EMPOSIT011
"A Miracle
Cripple novowalks well thanks to Kruschen
"Por over eight months I was laid up with
rheumatism, unable to move, when I was advised
to try Kruschen Salts. It is almost a miracle,
but without a word of a lie I was able to be
taken to the front door in less than a week! in
a few days 1 was out with the help of crutches ;
and in a short time I was walking well. This
is not a one-week testimonial, but four years.
" I have taken it ever since, and I never feel a
pinch of rheumatism now. I tell everybody about
it, and advise them to take it. I will close my letter
hoping yogic well publish it for others to see."
—Mrs. WIlllamg.
Original letter on ale for Inepectioa.
Kruschen Salts is obtainable at drug and
department stores in Canada at 750. a bottle.
A bottle contains enough to last for 4 Or 6
months — good health for half -a -cent
h'Sr0r7trt ,
r
A
!0.
l'. '0,0 z, •-•
JUNE 6, 1930.•
Io would like to relinquish the beet
paying job in America, fleet bootleg
leederships' are life jobs.—though
short. There is no escape.
'He knows., that if,, he were to walk
a mile without guards he would be
killed by his rivals. If he were to
go a few miles in a direction his gang
did not understand he would be killed
by his guards. In gangland, when
you are in—you are in.
To know something of the story of
Al Capone, the Searface, is to under-
stand something of the appalling pro-
blem with which President Hoover's
Crime Commission—and the national
conscience, too, must wrestle.
The fact that this gang leader is
glad to be in jail illustrates the topsy
turvy situation which organized crime
has introduced into this country. The
ancient notion that crime does not pey
has been erased entirely by circum-
stance. It pays now in millions.
In 1926 Capone handled through
vice, brewing, gambling, and distill-
ing interests, a gross income of $70,-
000,000. That figure is from the do-
cumented records of Edwin A. Olsen,
a United States District Attorney
with courage and ability, who devoted
every force at his command to op-
posing the Capone gang. He was
one of the ablest prosecutors 1 have
known. But in this instance he got
exactly nowhere. He is no longer in
office.
Last year Al Capone told me per
sonally, that $30,000.000 was •spent in
Chicago for protection. What a sum
like that can accomplish in corruption
is appalling to contemplate.
Take one example. A dishonest po-
lice captain accepts $25,000—more to
come. He is ready to do what he is
told. Under him are six lieutenants.
He can wreck their records IT he cares
to, for every day, on some technicality
he can pitch in a wrong mark on a
subordinate's record. Those lieuten-
ants usually follow the lead of t h e
captain. The sergeants follow them.
The plain policemen follow the serge-
ants. And once the police are bought,
how simple it is for gangsters to con-
trol elections, intimidate juriee, and
practice every ivice and violence.
Al Capone was born 32 years ago
in Brooklyn. His father was a barber,
and Al was a popular kid. At 21 he
had never been arrested, and in a
tough neighborhood that was pretty
;ood. He never drank.
Capone was the best pool player in
the Greenpoint section of Brooklyn.
One night in a pool room dispute,
Capone hit with his fist a man who
threatened him with a knife. The man
fell, and Capone ran for home think-
ing he had killed him. ;Some gang-
ster cousins of Al's advised him to
leave town at once, and fixed it with
Johnny Torrio, a captain in their
gang to take him to Chicago. Torrio
was going to be a bodyguard for Jim
Colosimo. So Capone became an aide
of Torrio's, and plunged into crime.
Meanwhile, the man that Capone hit
lingered between life and death for
nearly a month in a Brooklyn hos-
pital, and then recovered.
Prohibition had just come into being
and Torrio and Capone, infinitely
brighter than their boss, Colosimo,
saw what it could mean to fellows
who were tough and willing to take
a chance. Soon they were launched
into the new super -graft bootlegging.
Within a month Jim Colosinio was
shot to death in the doorway of his
great restaurant. Capone and Torrio,
with a desperately efficient and grow-
ing organization, were no longer re-
stricted by the limitations of Colos-
imo. Soon their beer vans were rum-
bling through Chicago and their high-
powered automobiles were sweeping
in deftly disconnected caravans be-
tween Canada and Chicago and New
York and Chicago, Money poured in as
never before in all vice or crook his-
tory.
Torrio was the leader at first. But
to -day Capone, left alone by Torrio's
flight, has attained unprecedented
eminence in the big current merger
of the underworld with politics.
During the period of Capone's rise
and rule there have been some 4,000
homicides in Chicago. Let us con-
threat of the "fluxing rod" and the
"oxygen lance." The first is simply
a stick of soft steel which the expert
operator holds against the metal to
be burned. Then he applies the oxy-
acetylene flame to the tip of the flux-
ing rod, which oxidizes so rapidly that
the temperature can be raised to un-
believable heights.
The "oxygen lance" has been known
for some time. It consists of a long,
small iron pipe through which oxygen
gas is forced. The business end of
the pipe is heated red-hot by a cut-
ter,burner. The hot iron ignites in
the oxygen stream and flares so
fiercely that it 'will burn its way
straight through anything. Blast
furnace men use the oxygen lance to
cut away "frozen" steel from the tap
holes of the furnace.
So expert must be the men behind
these instruments that only half a
dozen men in the world are capable
of breaking into a vault with them.
Fortunately these men are not crim-
inals. They are experts whose names
are well known. Moreover there are
practical objections to the use of such
tools illegally. The oxygen pipe is
dangerous to use without cumbersome
shields. And it generates ;billows of
black smoke when it meets cast iron,
leading to probable detection.
Far more likely than an attack on
scientifically designed vaults would
be an attempt to break into country
strong -boxes. The principal reason
why few bank robberies occur to -day
is not so much the strength of vaults
as the adequacy of police protection.
Any vault guarded by police alarms
is burglar-proof, just as a papier-
mache safe in a fire -proof building is
a fire -proof safe. But in such an
emergency as a riot, a revolution, a
conflagration, or a strike, there is no
substitute for a vault physically but-
tressed by steel and stone.
Consider, for example, the Boston
police strike' of a few years ago, when
a great city was left without police
protection. There is no guarantee
against a repetition of such an event:
Then picture a mob led by a few ex-
pert yeggmen, blowing off the doors
of vaults and escaping with fabulous
sums. It is an unlikely picture; but
bank officials must consider such pos-
sibilities.
Consequently engineers have been
spurred to design super -vaults that
will stave off safe breakers, if not in-
definitely, at least as long as possible.
How successful they have been was
demonstrated, in New York not long
ago, when wreckers were actually
called upon to demolish a newly -built
;vault because a bank moved. T h e
outer shell of the vault was a four -
foot thick wall of concrete for fire-
proofing and protection against earth-
quake shock. Then came a six-inch
thickness of material especially de-
veloped as a protection against the
cutter -burner. It consisted of large
iron slabs, the outside face tool -proof
and its inside filled with a core of
magnesium oxide—a material manu-
factured at Niagara Fells under a
fusing temperature of 8000 degrees
Fahtenheit, and proof against tre-
mendous heat. Inside this came a
seven-inch 'buttressing wall containing
steel H -columns, heavy metallic ribs,
crosswise round bars, a filling of rich
concrete, and a binding of steel plates
half an inch thick :bolted to the H -
beams. The doors were smooth -faced,
conical plug doors impervious to ex-
plosive.
A competent wrecking company us-
ing the most modern tools found it-
self all but baffled by this vault. The
best progress, that the wreckers could
make through the walls, e'en with the
advantage of being 'able to attack
them from the inside, was half an inch
a day. It took 13 and one-half weeks
to demolish the entire vault. Although
a safe breaker might have entered it
in less time, it is doubtful if he would
have cared to tackle the job.
With the design of such formid-
able vaults the advantage lies tem-
porarily with the protectors of money
rather than with the thieves. Still,
there is always the threat of some un-
expected develo:pment in the safe
cracker's art, or of some super -crim-
inal with the skill to use the means
now known. It is against this possi-
bility that the vault builders are con-
stantly -matching their wits in their
thrilling war against the unseen.
sider a few of them.
Fourteen days after the death of
the gang leader Djon O'Banion in
1924, ,ttyraie Weiss, his successor,
blaming Torrio for O'Banion's death,
pulled up alongside Torrio's automo-
bile and raked the car. Torrio's
chauffeur was killed. Torrio himself
with bullet holes in his hat. was al-
ready half way through with his lead-
ership. He was typical of those gang.
sters who ean gracefully give it, but
hate to take it.
Two days later Torrio and his :wife
tiptoed from their ear on a street di-
rectly belded their home, intending to
•out through their own back yard.
They were fooling no one. Fifty ma-
chine-gun slugs riddled the buildings
and trees about them as a. big car
swept by. Three of the bullets—pois-
oned with garlic—found lodgment in
Torrio's body. kilie spent a month in
a hospital wavering between life and
death. He had had enough.
He was a wreck of a man; and he
plead that he could do nothing more
and would like to see his relatives in
Italy before they—or he—died. Ca-
pone put leverage on the gang to
bring this escape about; and when
the gang had consented, three ears
containing the crack shots of the Oa-
pone-Torrio outfit escorted him to
Buffalo and got him to New York
just in time to catch a steamer bound
for Italy. Four men went with him.
He had more than a million dollars,
and lives to -day 40 miles from Genoa
—still guardesl.
When Hymie Weiss heard of this
escape, the rage of the North Side
Gang was so great that they invaded
Cicero, the Chicago suburb, with a
30 -car caravan of gangsters, each car
equipped with machine gune, and blew
the fronts off every 'building ow-ned
by Capone's gang.
Weiss himself fell dead one day a
little later with 12 slugs in his body.
"Schemer" Drucci, who succeeded
Weiss as the North Side leader, hived
but three months. He was succeeded
by George "Bugs" Moran, who lost
20 minor operatives through gun fire
in two years. It was Moran whom
the gangsters were seeking last Val-
entine's Day when they lined up sev-
en gangsters in the shipping head-
quarters of the gang and blew them
to death with a thousand gun bullets
—a massacre which shocked the na-
tion.
Seventy important gangsters, "Big
Shots," have been killed in Chicago
in the last five years, not to mention
300 minor beer runners and thugs.
But there have been only four de-
fendants brought to trial. None was
convicted. The closer to conviction
was James Doughtery, who was seen
by a mob of witnesses when he killed
Eddie Tancl, a gangster, during a
wild -west election in 'Cicero. He was
prosecuted by State's Attorney Wil-
liam McSwiggin, but finally beat the
case. Four months later McSwiggin,
the prosecutor, and Dougherty, the de-
fendant, were both shot to death.
Before all these impressive events
occurred, the man who brought Tor-
rio and Capone to Chicago as body-
guards—Jim Colosimo—was found,
when shot to death, to have been rob-
bed of $1.5o,000; in one thousand dol-
lar bills which he carried in his pock-
et. I mention this merely to get to
the subject of money. That's what it
is all about—money. Widespread pub-
lic defiance of Prohibition has given
gangsters this money—in amounts
and with a continuity never known
before in crime history. And they
have spent it lavishly to buy power.
On the 70 "Big Shots" killed more
than $500,000 was found. And that
Was what they were carrying for
pocket money!
In regard to 'Capone it may he said
that no one can maintain leadership
unless he "has something. Capone
has concentration and executive abil-
ity which many possessors of better
trained minds might envy. He is not
petty. He is generous, foolishly so.
He is intensely loyal. He talks little,
but when he does talk he says some-
thing.
He made a • strangely pleasant im-
pression on some of his guests in
Florida. People either like him very
1
Nervous Dyspepsia
Bad Liverylleadache
of Years Vanish
"For years was
troubled with bad
headaches, n er vous
dyspepsia and liver
troubles. Finally tried
'Fruit -a -fives' and am
once more entirely
well." -411. A. Bovay,
Trenton, Ont.
Years -old trouble, constipation end
overnight with "Fruit-a-ttives", say
thousands. 'Dyspepsia, biliousness,
heartburn, gas, sick headaches go like
a flash. Nerves quiet, sound ;sleep at
once. Kidneys and bladder ills, pain
in back vanish like magic. Rheuma-
tism, neuralgia, neuritis decamp quick.
Complexion clears in no time.
Ten of nature's greatest remedies
combined in handy little tablet. Mar-
velous discovery of famous Canadian.
doctor. Speedy results.
Get "Fruit-a-tives" from druggist
to -day. Be new pergon to-miorrow.
much—or they want to kill him. Now
those who want to kill him are ex-
ceedingly/ numerous; but they still
fear him too much to try.
And so as you think of Al Capone
there in his cell don't be sure that—
powerful as ;he is—he is a unique or
terrifically important part of what's
the matter with America. He's .just
a brightly polished cog in a vast ma-
chine. He is a by-product of our
Prohibition problem—and hundreds
of thousands of otherwise law-abid-
ing citizens are putting up the vast
sums for which he and his fellows
have been fighting.
Plant Imports Increase.
Canada's appreciation for t h e
aesthetic in parks, garden and ama-
teur horticulture is reflected in the
amazing increase which is reported
in the importations of trees, shrubs,
roots, perennials and bulbs. le 1919
the Plant Inspection Service of the
Dominion Department of Agriculture
examined 900,000 plants, etc., at ports
or' entry while in 1929 the number ex -
m ined was over 48,000,000. Inspec-
tion stations are maintained at Hali-
fax, St. John, Quebec City, •Montreal,
Ottawa, Toronto, Niagara Falls,
Windsor, Winnipeg, Estevan and Van—
couver, where imported plants are ex-
amined to ensure freedom from insect
pests and plant diseases.
One Sure Cure.
Clean soil in the run is the one
sure cure and preventative for the,
most destructive poultry disease, in-
testinal parisitism, asserts the Poul-
try Husbandman of the Dominion De-
partment of Agriculture. And prac-
ticing what he preaches the poultry
runs at the Central Experimental
Farm have been freshly ploughed and
the rotation system of soil cleaning
is under way on the runs used last
year. A succession of hoed, grain
and green crops is used to rem,ove
all possible infection from intestinal
parasites. Poultry should always be
kept on clean soil, especially growing
chicks, and crcp rotation on the poul-
try run is the one most effective way
of enabling nature to do the trick.
For Baby's Bath
More than that of any other
member of the family, baby's
tender, delicate skin needs the
greatest care and attention. The
soft soothing oils in Baby's Own
Soap make it specially suitable
for babies, and its clinging fra-
grance reminds one of the roses of
France which help to inspire it.
"Its best for you and Bally too." arm
"SCARFACE" AL
Last winter two of the most power-
ful men in the United. States occu-
pied mansions in Miami scarcely a
stone's throw apart. One was Her-
bert Hoover, ;chosen by the ;people to
uphold the law; the other was Al
Capone, head of a government within
a government whioh, with notable
success, defies the law. Capone's pal-
ace was every it as luxurious as that
occupied 'by ekr. Hoover.
To -day, President Hower is wait-
ing for some drastic and effective an-
swer to the nation's crime problem
from his recently named commission.
Capone, safe for the first time in five
years from his murderous competi-
tors, is directing his 'affairs from
illohnesburg Prison in Philadelphia,
ale „, and
IL OWE S - CIRLO BP -STOCK
Alig ID IP 11[3.0 IP IE MTV' -
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Inquire about our attractive specie! terms on
Winter Shipments
agent WellkIDCIUCIN
united
Guelph Sr..; Preston, Ontario.
Factories and Officeat Toronto and Montreal
STEELTRUSS
ER OMr TN ONTARIO — LIGHTNING HASN'T DESTRO:a
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about Preston
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