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The Wingham Advance, 1906-03-15, Page 51 I TIDE WINGFIANI ADVANCE ---' THURSDAY, I,VIARCII I5, 1906 000N•N,$.••••4••,v00o00. 00000000•$0000„O♦0,00000♦ 17th of Old Ireland Tics, 6Oo Shamrook 'Tics, 20e St. Patrick's Day Saturday, March 17th Will be the last day of our Big Out Price Sale. We're drawing to a close the best and biggest Sale we ever had, and Saturday, March the 17th, will be our biggest day on record if PRICE will do it. There will be Bargains all over the store. You may come expecting Big Bargains, and you shall not be disappointed. OVERCOAT BARGAINS. $8,50 OVERCOATS $5.50,-11 only, Men's black Frieze Over- coats, sizes 36 to 44 chest, regular $7.50 and $8.50 -Saturday. .$5,50 $12.00 OVERCOATS $7,50.-13 only, Men's fancy. Tweed Over- coats, sizes 34 to 44, all newest styles but broken sizes, these coats were made to sell at $9.50, $10, $12 -Saturday Sale7.50 $15 OVERCOATS $10.-9 only, Men's heavy, imported Tweed Overcoats, sizes 34 to 44, in plaids, stripes, etc„ the nobbiest Overcoats we have had this season and made to sell at $14 and $15 -Saturday Sale 10.(0 $7.50 ULSTERS $5.-17 only, Men's heavy, double-breasted Frieze Overcoats, sizes 34 to 46 chest, regular $7 50 -Saturday 5.00 $5.50 OVERCOATS $3.50.-12 Boys' long black frieze and fancy stripe Overcoats, sizes 22 to 28, regular price $5 and $5 50 - Saturday Sale 3.50 $9 SUITS $6.-14 only, Men's heavy (untearable) double-breast- ed Tweed Suits, sizes 36 to 44 chest, regular prices $9 and 0 50 -Saturday Sale 50o UNDERWEAR 39c.-60 pieces Men's Fleece -lined Under- wear, regular 50o and 65e each -Saturday Sale 85o WOOL UNDERWEAR 50o.-40 pieces Men's all -wool (red) Underwear, all sizes, regular price 85c and $1 each -Saturday 65c BOYS' TROUSERS 400.-48 pairs Boys' Tweed Knioker Pants, a bargain at 65o a pair, only two pairs to a customer -Saturday Sale • 1 1 6.00• • ♦ 39c • • O 500 40o Men's Heavy Buckle Rubbers $1.75 -Sale $1,25 FUR COAT BARGAINS. One $75.00 Coon -Salo $55.00One $50.00 Coon -Sale $35.00 Ono $'22.00 Dogskiu-Sale 17.50 I Ono $30.00 Wombat -Salo 22.50 Fur Caps, Fur Collars, Fur Gauntlets - at Big Bargains. Hudson Bay Leather and Corduroy Reversible Coats, $6.00 and $7.75. Big Bargains in all kinds of Men's Shoes. The R. H. Crowder Co. 30 Empty Packing Boxes for Sale. , 000.0000.0000♦♦♦♦♦♦0.0000♦ ♦000000♦♦00000000••0000000 Tinsmithin In all its branches done neatly, promptly and at reasonable rates. Good stock of TINWARE on hand. Try us for your Jobbing and Eavetrougbing STOVES and RANGES of the best makes on hand. Our prices are very reasonable. When in need of anything in our line, give us a call. We'll treat you right. Robt. Mooney .. TTTE s r Mutual Life of Canada professor Dorenwend Listen For Bronchial "Wheeze." It means that disease will soon at- tack the lungs. Wheezing is distress- ing to the sufferer and annoying to his friends. Nothing half so certain in bronchitis and throat trouble as "Catarrhozone" ; it gives instant re- lief and cures even the worst cases. Bronchitis fairly flees under the magic influence of Catarrhozone which cures so thoroughly the disease never re- turns. Other remedies may relieve, but "Catarrhozone" cures bronchitis, catarrh, and throat trouble for all time to come. Sold everywhere. -The Ontario Gazette states that the St. Marys, Kirkton and Exeter Telephone Company of Kirkton has been incorporated with a capital of $10,000. Teeswater. The date of the next Division Court to be held at Teeswater is Thursday, April 19th. Mr. Aldridge the new school princi- pal comntencecl his duties here Thurs- day horning of last, week. Geo. Falconer, of the 3rd con., has been extending his business by pur- chasing the Covin property on the 2nd con. Mr. Falconer has had this farm rented for the last couple of years. A very pretty wedding took place at high noon on Wednesday, at the horse of Mr. and Mrs. Filsinger, Eliza- beth St., when their eldest daughter, Miss Sara A. was united in marriage to Mr. Levi G. Wildfang, of Elmwood. The Rev. M. J. Wilson conducted the ceremony in the presence of a large number of friends and relatives of the contracting parties. Miss Winnie Whyte, only daughter of Mr. and Mrs. Robt. Whyte, of ' North Culross, was united in marriage to Mr. W. J. Cunningham, of Oak River, Manitoba, on the evening of Thursday, March lst. The ceremony was performed by Rev. S. V. R. Pent- land, of the Salem Circuit, at the home of the bride's parents, at five o'clock and in the presence of about sixty guests. '1 -Kincardine wants one of the pro- posed new Normal Schools located in that town. IIc..„,..,9 IId,:In11,1.11 Ili 111i11i,i ih,i.,6,ia nil 1.1,itl, II.ri6,Ct.ii, Bitter Tea Is Not Good Tea People who don't like tea know only the kind that is just bitter, the low- land tea that has more tannin in the leaf than you can kill with any amount of sugar. Q Grand Mogul is a High- land tea, grown on the mountains of Ceylon, up near the sun. Q Balmy breezes and light soil produce the mellow flavor that makes Grand Mogul a distinctive product. High in theine (tea -tone) and low in tannin (bitters) it appeals to the palate and tones up the nerves Grand Mogul Tea Q Sold only in packages tined with paper, never in poisonous lead. "Mogul" premiums are simply a part of the advertising appropriation -and do not detradt from the quality of the tea. A coupon in every package, Steel Ranges at $45 Each See The "Huron" BLYTH WESTERN FOUNDRY 00,, LTD., WINGIIAM, ONT. GENTLEMEN: -It affords me much pleasure to be able to recommend to any intending purchaser your Huron Steel Range. I have had one of them in use for the past two years anti during that time have found it to give me the most perfect satisfaction on a minimum amount of fuel. My wife states that she would not exchange it for any mike of rango that she has seen yet, in fact if she could not get another one, would not sell it at any price. Very Truly Yours, CHRISTOPHER JOHNSON. before buying any other. It is the best value in Steel Range construction on the Canadian market. Every Range guar- anteed absolutely. Will burn wood or coal. Extra large Reser- voir means abundance of hot water. Mad " right in your own. County. Read what pleased users say - P. 0., JANUARY 19, 1900. .----MADE BY -- The Western Foundry Co., Limited, Wingiiar 110111111111.11111111101111111.11.1111111111.11 36th Annual Statement for the Year 1905 INCOME. Premiums $1,617,500.45 Interest and rents 407,563.91 Profit from sale of Real Estate,,,, 1,448.62 $1,956,618.91 ASSETS. Mortgages $4,265,533.86 Debentures and Bonds 3,245,401.89 Loans on Policies 988,670,39 Premium Obligations 28,810.60 Real Estate 50,281,08 Cash in Banks 267,730.37 Cash at Head Ofilce 4,230.23 Duo and deferred premiums (net),272,121.08 Interest and rents duo and accrued 177,312,65 $9,296,092,15 DISBURSEMENTS, Death Claims.. $ 231,924,10 Matured Endowments 169,450.00 Purchased Policies. 68,188.68 Surplus 87,928.86 Annuities 9,422.66 Expenses, Taxes, eto 348,491,76 Profit and Loss. 1,619.18 Balance 1,053,593.78 $1,956,518.91 LIABILITIES. Reserve, 4 p.c., 31 p.c. and 3 per ct...$8,210,064.24 Reserve on lapsed policies liable to revive or surrender 2,400.31 Death Claims unadjusted 64,680.00 Present value of Death claims pay- able in instalments 35,051,98 Premiums paid in advance 14,378.42 Amounts due for medical fees 5,883,50 Accrued rents 805.33 Credit Ledger balances.,.. . , 10,224.25 Surplus on Company's Valuation 952,001,12 $9,296,092,15 Surplus on Government Standard of Valuation, $1,261,905.00. GAINS IN 1905. In Income Iu Assets $ 231,210.01 I hi Surplus (Company's standard).,,$ 179,928 25 1,076,561.70 In Insurance in force 3,720,984.00 Audited and found correct. Waterloo, Feb. 1st, 1900. J. M. SCULLY, F. C. A., GEO. WEGENAST, Auditor. Manager. In moving the adoption of the report, the President, Mr. Robt, Melvin, said :- "The amount of new business written in 1005, viz., $3,014,570, is the Iargest in our history, and this, it must he remembered, is all Canadian business ex- cept $65,000 written in Newfoundland. We are more strongly of opinion now than ever before that good Canadian business is vastly preferable to foreign, and that it can be secured at mucin less cost. The recent investigation in New York disclosed sufficient evidence of this, and one of the reforms now being introduced is the discontinuance of such business in many countries. We are gratified at the amount of business that our Agents were able to secure, in spite of public criticism of life insurance, and we are justified in believing this to be an evidence of the fact that The Mutual Life of Canada continues to merit the confidence of the Canadian insuring public, It is noteworthy also to mention that our lapses are less than in the previous year, and the amount of insurance gained is the largest in our history. "Our income last year approached closely to Two Million Dollars. Perhaps the Company's growth can hest be judged by comparing its income of last year with those of preceding decennial years :- In 1875 the total Income was, In 1885 the total Income was In 1895 the total Income was In 1905 the total Income was $ 29,593 270,697 735,079 1,955,058 "With regard to the payments to policyholders, I might say that the mor- tality for the year was again exceedingly favorable, being only 40 per cent. of the amount expected. We have been able to continue the distribution of surplus to policyholders upon the same scale as in past years. The amount paid last year was $87,927, and the amount that we have added to our general surplus was $179,928. "The ratio of expense to income was 17.8 per cent„ as compared with 17.4 per cent. in 1904. This additional expenditure arose primarily from tate in- creased amount of new business, as well as from Government taxation. Tho last mentioned item of expenditure is becoming a serious one, for, not only do several of the Provinces in Canada impose a tax of 1 per cent, upon the premium income, but certain cities and towns levy a special tax.. These taxes are becoming very burdensome, and we consider it our duty to call the at- tention of our policyholders to it. As the premium income increases, this tax also increases, and over this, of course, we have no control, "I desire on this occasion to refer especially to our Assets, and to the policy of the Company with regard to the investment of its funds. As will be seen from the Financial Statement, our Assets consist almost entirely of Mort- gages on real estate, Municipal Debentures and Bonds, and loans on our own policies. We have not now, and have never had, any investment of a specu- lative nature. Within the past year there were no losses made on invest- ments, and, so far as we are aware, there are none anticipated. We have never suffered the loss of one cent on our Bonds, and we have not a single in- vestment of this kind to -day that is not worth all that it cost, while the majority of them have appreciated considerably in value. We have no dif- ficulty whatever in finding investments fur our Income, and during the past year the demand for money has been more than usually active, both on Muni- cipal Bonds and for Mortgage Loans. We have not found it either necessary or thought it wise to invest any of our funds outside of the Dominion, and we see no reason why, under present conditions, we should not be able to con- tinue to find safe and remunerative employment of our funds at home. At- tractive propositions are frequently made to us for the purchase of Boncls of enterprises in Mexico, Central America, Cuba and elsewhere, in connection with which large bonuses are offered in the form of paid-up stock. Such enterprises may possibly realize the expectations of the promoters, and prove to be profitable to the investor, but, in my opinion, they should not form a part of Life Companies' Assets. Life Insurance Funds are essentially trust funds, and I venture to say that if an expression of opinion could be secured from our policyholders, the course which we have persued would Meet with unanimous approval. Any Bond or Debenture that is made attractive by, or that can be sold only with. a bonus in the form of paid-up stock, is not, in my judgment, of a sufficiently high standard to qualify as a trust fund invest- ment. I wish also to point out that we have never bought any securities with the object of selling thein and making. a profit upon then. Such trans- actions seers to me to be outside of the legitimate sphere of life insurance. If securities are good, and command an increased price in the market, they are on that account more attractive for us to hold. No security that I am aware of has ever been purchased in which any member of the Board had a direct or indirect interest, and, moreover, we have no special Finance Committee on which the duty of investing funds devolves, All investments are made with the approval of the Boatd and Exe,utive, which meet alternately on the second and fourth Thursday of every month. At these meetings all new in- vestments are submitted, after having first been carefully scrutinized by my- self and the Manager, and they are accepted or rejected ou their merits, with the unanimous approval of the Board. Any investment offered, to which objection is made by any member of the Board, is refused." In seconding* the adoption of the report, Mr, Alfred Hoskin, K. C., Vice - President, said :- "Life insurance companies at present occupy a prominent position before the public and some efforts have been made towards discrediting their man- agement. We can only speak of our own Company, and have no desire to express an opinion as to any other. "Cost of management and the nature of investments have been the prin- cipal objects of attack, In both respects I think we can take credit to our- selves. "Our expenses for the past year have been about 17 per cent. upon the gross income. I have made inquries, and find that the ratio of expense of loan com- panies is from 15 to 20 per cent. upon the gross income. "Included in our expenditure is 0 large amount paid to the several Provin- cial Governments of the Dominion, and to certain and several municipalities, as a tax. On nearly every loan Blade on mortgage the usual commission (which is paid by all investtnent companies) of 1 per cent. upon the principal lent has to be paid. Doctors' fees for examination, rents of offices where the Company carries on business, advertising, and other similar charges of ne,'es- sity, have every year to be met. ."rhe report of the Government Inspector show that, this Company's ex- pense account is low in comparison with others, and in saying this I do not wish to infer that the expenses of other Companies are excessive. "As to our investments, they comprise the following gilt-edged Securities, showing the percentage each bears to the whole :- Per cent. of Assets. ,Mortgages $1,205,533,56 15.88 Debentures and First Mortgage. Bonds '1,215,401,80 31..91 Loans on Policies • 1,017,480.99 10,1)1 Deferred Premiums 272,121.08 2.93 Interest Accrued . 17 7,312.0.1 1.91 Clash on hand and in Banks 201,000.1U) 2.82 Ileal Estate 553, 281.08 .01. Total Assets $0,200,1102.115 100.0() "I venture to say that no policyholder can take exception to the elnss of securities in which his money is invested. I Ball attention to the item of real estate --01-100 of 1 per cent. Considerable portion of this is held for sale, and 1111 is income producing, The item of interest and rents, 1.01 per eent., was not all due at tine end of the year, but the portion of the interest which has accrued up to the end of the year is included in the above item, although it may not be payable for months afterwards. This shows that the income from the Company's investments is well met, "The above details show, I venture to say, that this Company need have no fear as to the result of the investigation which it has been deetned advisable to have of Life Companies. Every security, whether a mortgage or a deben- ture, is submitted to the Board or the Eyeentive committee, which meet alternately, and is gone into fully, upon its meritst very year each and every security is handled and inspected by the Auitor, andeach year the Executive committee bandies and inspects every security, and compares the same with the entries thereof imine in the books of the Company, and thus, every year, is prominently brought to the notice and knowledge of the Board how the Company's money is invested, "As to the expenditure, every item paid out is checked by the Executive committee, and thus track is kept of the expenditure, and of the several stems forming the same. "I think this shows that a careful scrutiny over the affairs of the Company is kept by your Directors." Waterloo, lttat'clh lst, 1000, W. IL 1 IDDELL, ;Secretary, America's Greatest hair Goods Artist, is coming to the BRUNSWICK HOTEL WINUHAM, ON Friday, March 16th, TMs visit gives you a chance to consult PROF, DORENWEND about your Hair and to choose from the stock of Hair Goods, which he carries with him - just what you require, B Idness . . as all men know', disfigures and adds an aged expres- sion to the face. Why re- main Bald when Professor Dorenwend can fit you with a Win or TOUPEE, which will hide all traces of Baldness and take the place of your own hair? Doctors recommend these Toupees as a preventative for colds in head, catarrh and neuralgia. Pnornsson DORENWEND will fit you on the spot and show you just how you look afterwards, Ladies -Read This! ! You will never have a better opportunity to see for yourself the beautiful assortment of SWITCHES, BANGS, POMPADOURS, WAVES, WIGS, etc., which Professor Dorenwend carries with him. Remember the Date and don't fail to call at the hotel and see PROFESSOR DORENWEND, early. The DORENWEND CO. of Toronto, Limited 103 AND 105 YONGE ST„ TORONTO. Look For Prices Next Week, Large Stock to Choose From, We will use you right. Don't' get excited - stay with our store. Undertaking promptly and care- fully attended to. Walker Bros. & Button Furniture Dealers and Undertakers Howick. Henry Demmerling has sold his 80 acre farm to Alex. McKenzie for $4,- 000. Wln. and Samuel McKnight, accom- panied by George Aldrich, have left Newbridge for the Prairie Province, Jno. Padfield is making extensive repairing on his barn which will keep him busily eugaged during the sum- mer. Last week Mr. Thos. Day of the 10th con. rented his farm to Sander- son Bros., who will cultivate it this year. Last week Mr. W. H. Gregg sold a two-year-old colt to Mr. Ed, Lambkin of the 2nd con., realizing the sum of $180. Mr. Rogers the new township Treasurer, is we should think well qualified for the position, and more- over he commands the respect of the people. We are pleased to state that Rich. Watters is rapidly recovering from the effects of the operation, but it will be some time ere he can engage in manual labor, S. S. No. 6,Howick, was opened on Feb. 22nd after being closed for a few days by the medical health officer, Dr. Whitely of Gorrie, owing to the pre- valence of itch in the section. Mr. and Mrs, Andrew Allan are tak- ing up housekeeping ; we wish them lunch joy and few troubles. Andrew bought 0 span of well matched young horses from Mr. Neil, a farmer on the 6(11 con, of Minto. After visiting for nearly three months in the provinces of Ontario and Quebec, Mr, Hugh Carrothers his wife. and Mrs. Latimer left for their homes in Manitoba. They had a very pleasant time among their old friends in and around Orange Hill. On Tuesday next Miss Essie Fallis and her brother Ryerson expect to start for the West. The former will stop at Winnipeg, where she will visit her sister, Mrs. McKay, while the lat- ter will stake his home in Regina. Ryerson intends taking Isis cement block machine with him, and if pros- pects are favorable will engage in the manufacture of cement blocks. C. Martin has moved from M. Stock - ton's farm ou the 9th con. to the farm J. Pritchard purchased from Mrs. Har- ley. John Walls is proving from Har- riston to his farm on the boundary, and W. Feathers will move into John Pritchard's house on the Oth line as soon as P. Brown of Clifford moves his bush -whackers out. W. J. Rut- ledge of Lakelet has removed to Wroxeter, and Geo. Hubbard has moved on the farm he bought from Mr. Rutledge. -A groom aged 101 and a bride aged 100 recently formed the prin- cipals in a wedding ceremony in Pen- field Township, Ohio, The couple first met at Springfield, I11., before the Mexican War. The groom -to -be serv- ed through that war and afterwards through the great Civil War. After the latter was over he heard that his sweetheart had married another, and lie became a wanderer. Finally, at a reunion of army veterans, the couple luta by a chance, and decided to end their clays as one. you want a horse? If you want a horse, or a bicycle, a gun, a camera, or anything•else you've set your heart on, do what other boys are doing to get these things -sell THE SATURDAY EVENING ��j'' POST in your town en Friday afternoons and Saturdays. Maybe you think it'll take a long while to earn enough money for what you want, But that all depends on yourself. Some boys slake as much as $re a weak; others snake $3, $5 a week. In our handsome booklet, ((Boys Who Make Money," some el our boys tell, in their own way, how they got money for things they had long wanted, by selling TETE POST. This booklet is free for the asking. We will send along with it, the complete outfit for starting in business, including ten free copies of THE POST. You sell these at 5c the copy, and that furnishes all the money you need for buying further supplies. Besides the money you make each week, we give, among other prizes, watches, sweaters, etc. And in addition $250 in Extra Cash Prizes each month to boys who make the biggest increase In their bales. Better send us a letter to -day, THIS CURTIS PUBLISHINti COittiANY, eas ARCH S'1'., PHILADIILPHIA