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HomeMy WebLinkAboutThe Wingham Times, 1906-03-15, Page 50 nth of OW Ireland Shamrock Ties Ties 50c. 25c. St. Patrick's Day Saturday, Mar. 17. Will be the last day of our big cut price Sale, we are drawing to a close the best and biggest sale we ever had, Saturday March 17th will be our biggest day on record it price will do it.. There will be bargains all over the store and you may come expecting big bargains and shall not be disappointed. Overcoat Bargains. $8.50 OVERCOATS $5 50.-11 only Men's Black Fcieze Over- coats, sizes 86 to 44 chest, regular $7.50 and 68.550. Satur- day Sale - • - - $5.50 $12.00 OVERCOATS $7.50.-13 only Men's Fancy Tweed'Over- coats, sizes 34 to 44, all newest styles but brokeu sizes, these coats were made to sell at $9.50, $10 00, $12.00. Sa- turday Salo - - - - -• $7.50 $15,00 OVERCOATS $10.00.-9 only Men's Heavy Imported Tweed Overcoats, sizes 34 to 44, m plaids, stripes etc., the nobbieat overcoats we have had this season and made to sell at $14 00 and $15.00. Saturday Sale - - • - $10.00 7.50 ULSTERS $5.00.-17 only Men's Heavy Double Breasted. Frieze Overcoats, sizes 34 to 46 chest, regular $7.50. Se- tnrday Sale -•- - - $5,00 $5.50 OVERCOATS $3.50 —12 Boys' Long Black Frieze and Franey Stripe Overcoats, sizes 22 to 28, regular price $5.00 and $5.50. Saturday Sale - - • - • - $3.50 $9.00 SUITS $6 00.-14 only Men's heavy (untearable) double breasted Tweed Suits, sizes 36 to 44 chest, regular prides $9.00 and $9 50. Saturday Sale - - - - - $3.00 50o UNDERWEAR 39e. —60 pieces Men's Fleece Lined Under- wear, regular 500 and 653 each. Saturday Sale - - 39e 85c WOOL UNDERWEAR 50e —40 pieces Men's all wool (red) Underwear, all sizes, regular price 85o and $1.00 each. Sa- turday Sale - - - - - 50o 65o BOYS' TROUSERS 400.-48 pairs Boys' Tweed Snicker Pants a bargain at 65c a pair, only two pairs to a customer. Saturday Sale - - - - 40c Men's Heavy Buckle Rubbers $1.75. Sale - - $1.25 FUR COAT BARGAINS. One $75 00 Coon, sale $55 00 ( One $50.00 Coon, sale $35,00 One $22 00 Dogskin, Bale $17.50 'One $30.00 Wombat, sale $x2.50 Fur Caps, Far Collars, Far Gauntlets at big bargains. Hudson Bay Leather and Cordnray Reversible Coats $6.00 and $7.75 Big Bargans in all kinds of a[en's Shoes Trunks all sizes. Foots and Shoes. 35 Empty Packing Boxes for sale. The R. R.HCRO➢YDER Co. WING .1>..o...111 4 L. A. Ball & Co. FIRST STORE SOUTH OF BRUNSWIGK HOTEL We take this opportunity of announcing to the public that we have moved to the premises mentioned above. ILL this introduction it isn't necessary to make any rectifications of our prices. In certain branches of our business, not- withstanding the big advance in all lines of material, our prices will be found much more reasonable than years ago. We have appreciated the liberal patronage extended. to us and in return have endeavored to serve you to the best of our ability, conscientiously. Though somewhat crowded, in a few days we will have our stock arranged, and a lot of new goods will be sold at close prices. Our expenses being less than half they were formerly, we can afford to give still closer prices. Drop in and see us, whether you buy or not. UNDERTAKING Brick residence 6th house west from Hamilton's Corner Drug Store, where night calls will receive prompt attention. L. A. BALL & CO. PHONE 51 VVVVWVVVVWWWVVVWWVW AAAMAAAAAAAAAAAAAAAAAAAA ? 1 Ilow about :That Watch ? ( Does it keep accurate time ? Can you depend upon it ? If you cannot, bring it to us and we will tell you what is the matter and set it right for you. We pay special attention to fine watch, clock and jewelry repairing, and guarantee all our work to give satisfac tion. 1 WINGHAM. R. KNof � �►� Opposite Queen's Hotel. TSI W. NUHAM *TIMES, MARCH 15 t906 IBTED JIIY LIFE.. —That's what a prominent druggist said of Scott's Emulsion a short time ago. As a rule we don't use or refer to testimonials in addressing the public, but the above remark and s i m ±1 a r expressions are made so often in connec- tion with Scott's Emulsion that they are worthy of occasional note. From infancy to old age Scott's Emulsion offers a reliable means of remedying im- proper and weak develop- ment, restoring lost flesh and vitality, and repairing waste. The action of Scott's Emulsion is no more of a secret than the composition of the Emul- sion itself. What it does it does through nourish- ment—the kind of nourish- ment that cannot be ob- tained in ordinary food. No system is too weak or delicate to retain Scott's Emulsion and gather good from it. We will send you a sample free. Bemire that this picture in the form of a label's on the wrapper of every bottle of Emulsion you buy. SCOTT & BOWNE Chemists Toronto, Ont. 50c. and S3; all druggists. HUL LETT. Friday, March 2nd, John Young, an old and highly esteemed resident of Hullett paid Nature's debt having at- tained to about 80 years. For over 50 years he had resided near Blyth, and was respected by all who knew him. Mr. Young was a brother to the late Mrs. W. R. Wilson, formerlyof Brussels. His home was lot 11, con. 14 Mrs. Young passed away 5 years ago. Five sons and 3 daughters snrvive,the most of them re- siding in the West. Mr. Young was a man of integrity and was always found on the right side of moral and religions questions. ST. HELENS. Mr. W. S. McCrostie has been in Goderich assisting it auditing the coun- ty books. Mies Lillian Clark was visiting with her sister in Goderich last week. Mies M. C. Rutherford is on an ex- tended visit with friends in Wingham. The election for elders in the Presby- terian church hero resulted in the eleo - tion of J. B. Rutherford and D. B. Murray. Their ordination will take place on Sunday, March 18th, at 11 o'clock. Another pioneer has been removed from our midst in the person of Mrs. P. Campbell. Mrs. Campbell had been in failing health for several years, being confined to bed the greater part of the past year. r,Vheu You Grow 014 The body needs patching—wasted tis- sues must be rebuilt, played -out organs restored --blood needs extra nouriahment. Elderly people need Ferrozone,—need it because it vitalizes and rejuvenates as no other can. Ferrozone builds up the kind of strength that makes one feel good,—keeps back the decay of old age and makes you look young and handsome again. Forget nervous exhaustion, re- new your vital energy, again re-enter the life of youth. Your remedy is Fer- rozone, only 50c per box, at all dealers. EAST WAWANOSH Mr. John Shiell was in Owen Sound for a few days last week. Mr. Herbert Campbell, who is teach- ing school near Centralia, spent Sunday at his home here. Mise Maggie Murray, of East Wawa - nosh, has sold her two vacant lots on Drummond street, Blyth, to James Tun- ney of Westfield for $140. We are pleased to hear that Mrs. Stapleton, who has been seriously ill for the past number of weeks is im- provingyerynicely. Philip James has moved from the Ashbury farin, near the village of Blyth, to the farm lie recently purchased in Grey township. Robert Wightman, who recently sold his farm in East Wa- wanosh, is now living on the Aehbary farm; having purchased the same. Mr. P. W. Scott of Belgrave was in town on Monday. There are no less than sixteen Scotts who exercise the franchise in polling division No. 2, Eaet WftWauosh, but P. W. is the best known oth mall. Hei ofe s an active worker hi the church, in the cansenf educationand lin politios.—Clinton News -Record.) . NEVES FROM OUR NEIGHBORS Rim Life Of Canada EVENTS OF INTEREST TO ALL OUR READERS. What Wideawake Times Correspondents Communicate — Other Items Clipped From Our Exchanges. nr.YTII Mr. E. Livingstoe shipped a car of handles and slats to Guelph. Mr. S. D. Casey is the new agent in Blyth' for the McCormick harvesting machinery. Mr. and Mrs. J. S. Golden were in Melbourne last week attending the golden wedding of Mrs. Golden's par- .'nts. Mr. and Mrs. J. G. Moser entertained a number of their friends one evening last week, it being the 32nd anniversary of their marriage. A very enjoyable time was spent. LANGSIDE. Mr. John Smith has moved on to Mr. Borton's farm in Culross. We are pleased to report that Mr. Jno. Croeson who recently had his leg broken is making favorable progress towards re• °every. Mr Den McInnes has moved on to the Arch Gordon farm, and Mr. Gordon has moved into James Taylor's house on the 4th con. where he will reside during the summer. After four years service as teacher in the Laogsido school Miss Milne has re- signed her position. Her resignation will take effect at the midsummer holi- days. Miss Milne has been a faithful teacher, has given good satisfaction and the Board would like much to retain her services. The Presbyterian congregation has had an organ placed in their ch uroh here. The step has been found necessary ow- ing to the want of a presenter since Mr. A. D. McKenzie left. This is the first time that an organ has been used in the church for church service, and it is at present in only on trial. Get More Vim It yon are tired, nervous, sleepless, have headaches and languor, you need Dr. Hamilton's Pills; they tone the stomach. assist digestion, brace you up at once. Taken at night, you're well by morning. Sickness and tired feeling disappear instantly. Vim, spirits,happy health, all the joys of life comes to everyone that uses Dr. Hamilton's Pills, No medicine so satisfactory. Get Dr. Hamilton's Pills to -day, 25c per box at all dealers. GREY. Wm Shiels moved to Ethel last week from the south of Grey. We hope the faintly will enjoy many happy years in their new home. Mr. Rathwell, 12 con., fell from a Ioad of hay last week and received serious in- juries we are sorry to here, but we hope he will soon be all right. John Ritchie, of Ethel, is going to Hamburg to engage in the livery busi- ness along with his brother-in-law, Geo. Gramm. We will be glad. to hear of John's success. John Clark, who bought the farm of Robt. Coutts, lot 30, con, 11, has since sold it to Wm Ellacott, of Elms town- ship, the price being $4,600. Since that Mr. Clark has purchased from Donald McCallum lot 7, con. 15, Grey, paying $4,250 for it. Mr. Contts has removed to his recently purchased farm in Mc- Killop, and Mr. McCallum may go West with the big contingent from here un- less he can rent a suitable property for a term. The by-law to loan the Frost & Wood Company $150,000 was carried at Smith's Falls. The Dominion liner Kensington, with 1,500 Salvation Army immigrants, arriv- ed at Halifax. The six -months -old child of Mr. and Mrs. Jatnes Elliott, who live in Korah township, about three miles from the Soo, was smothered, through being wrapped up too closely. Established rb' 9. Whooping Cough, Croup, Bronchitis Cough, Cr, pr Asthma, Diphtheria Cresoteno iss n boon to Asthmatics CaraoreNs 1. a long established and standard remedy for tho diseases h air:do t It cures because the air run. Bored strongly antlsept, : is carried over the eilsoased sur• faced of the Mouthful tubes with every breath, giving prolonged and cow:tent treatment Those of a commun. tiro tendency. or enflerers front ehronto bronehitts, and Immediate tenet from coughs or Inflamed condition, of the throat. vsr oCresoleno Is sold by druggists or rant pre-`alaslslee pail on receipt of price. ( O A \'ipn.Crc olene out-oc ',Awing �l. h at ndint a bottle of 7P • ,�.r . Cresoteno WO. Send for ay .. ,1�yy£ free illustrated booklet �ivt LrTHI\G ',HIM Co., rid., Agents, 49e et. Jamte St, • Y botankl, Nana. SOS•.. 1Pe1 I^i GLLN1'ARROW, Rev. Mr West held a prayer meeting at Mrs. Anderson's on Monday night of last week. Mise Spotton of Gerrie is visiting at Mr T K. Powell's. Mr. and Mrs. MacEwen of Stanley are visiting on this line. Mr. Wylie, sr., is very ill at 'present, but we hope to hear of his speedy re- covery. Mies McMichael of Wroxeter spent a few days at Mr. Lige Higgins. Iiow Mammonist Starts You catch a little cold today, by to- morrow it has reached the throat, next day the lungs are affected and you wish you had used "Catarrhozone" which kills colds in five minutes In the first place Catarrhozone soothes the irritated membranes and relieves con- gestion,—then it outs out the phlegm and destroys the germs. It enables the blood to retain a natural supply of oxygen, lung -food and vitality. In any cough, bronchitis or long affection it's guaranteed to positively cure. Decline any substitute for "Catarrhozone." BLO It MS. Township Council met on Monday last. Minutes will be given in our next issue. The baby daughter of David Irwin, of Morris, while playing at the well fell in- to it when her weight broke a decayed plank. Very strangely indeed she did not part with the piece of plank but was found by her rescuers sitting upon the floating fragment and hugging the log of the pump for dear life. There were several feet of water in the well and it seems not being short of miraoaluons that she was not drowned. The news of the demise of Lottie A., the eldest daughter of John and Susan Watson, 4th line, was received on Mon- day, March 5th, with no small regret. It came as a sad surprise to many. Mies Watson had not enjoyed rugged health for the past six months and in the hope of prolonging her life a medical opera- tion was performed, in the removal of a large abscess. She rallied all right but hemorrhage set in and she passed away, aged 23 years and 4 months. Miss Wet' son was beloved by a wide circle of friends. She was conscious to the last and anxious to be freed from her sailer- ing. Sunday, March 4th, James Laidlaw passed away from this sphere of action, dying at the home of his brother, R. B. Laidlaw, south ?ll, lot 14, con 9, at the advanced age of 84 years. There was no apparent ailment, outside of the ex. peoted failing of powers by increasing years. He had only been ill for a few days. Deceased was born in Halton Co., where he resided for a good many years. Mrs. Laidlaw passed away 25 or 30 years ago. They had uo children. Mr. Laid- law had spent the past 6 years in Morris township making hia home with his aforementioned brother and sister, Mrs. Robert Shortreel, now of Blyth. The remains were taken to Georgetown for interment that afternoon. Deceased was a fine old gentleman who was high- ly esteemed by all who knew him. 1 Reduced a Hard Swelling Mr. Gus E. Georoux, writing from Pembroke, tells how he was injured in a lumber camp. "A heavy log rolled against my leg and I was laid up with stiffness and a hard swelling. When I applied Poison's Nerviline I got relief. A few rubbings with this liniment cured me." In the bush Nerviline is indispen- sable; it cures neuralgia, colds, rheuma- tism and internal disorders too. No person can afford to be without Nervi - line. Useful for all internal and exter- nal pain. Large bottles 250 at all dealers. 36th AvovaiStatem ent lor the year1905 INCOME. Premiums $1,517,509.95 Interest and rents 907,533 94 Profits from sale of real estate 1,413 52 DISBURSEMENTS Death Claims $ 231,924 10 Milton d Endo .vmenits 159,950 00 Purchased Policies (14,188.6(3 Surplus 87,928.85 Annuities 9,422„13 Expenses, Tuxes, etc 048,491 76 Profit and Loss 1,519.18 Balance 1,058,693.18 ,, 31,010,518.01 31,050.518.01 LIABILITIES. Reserve, 4 p c., 3i p.c , and I3 per aunt 38,210,004.24 Reserve on lapsed policies liable to revive or sort ender 2,400 3l Death Claims unadjusted (13544:3:1; 4 08(3.3)0 Present value of Death Claims pay- able in instalments A5,&,493 Premiums paid in advance 14,378.4" Amounts due for medical fres 5.(;8350 Accrued Rants 80;1.33 Credit Ledger Balance 10,2:33.25 Surplus on Company's Valuation Standard 952,001.13 ASSETS. Mortgages $4,235,533.80 Debentures and Bond., 3,245,491 so Loans on Policies 1133,1170 39 Premium Obligations 23.810.(33) Real Estate 60,23103 Cash in Motifs 237,(110.87 Cash at Head Office 4;.210.23 Due and deferred premiums (net(272,1'2108 Interest and rent due and accrued177,312.65 In Income In Assets $0 290,092.15 $9,295,092..15 Surplus on Government standard of Valuation, $1,201,005 0Q. GAINS IN 1905 231,210.01 In Surplus (Company's standard )..$ 170.92825 1,075,501•70 3 In Insurance in levee 8,720,084.00 Audited and found correct. Waterloo, Feb. lst, 1900 J M. SCULLY, F.0 A , GEO WEGENAST, • Auditor Manager, In Moving the adoption of the report, the President. Mr Robert Melvin, said;— "The amount of new business written in 1905, viz , $6,014,570. is the largest in our history, and this, it must be remembered, is all Canadian busiuess except $65,000 written in Newfouudland We are more strongly of opinion now than ever before that good Canadian business 1s vastly preferable to foreign, and that it can be se- cured at much less cost Tho 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 severe, 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 beet be j ridged by comparing its income of last year with those of preceediog decennial years: — Iu 1875 the total income was„ , .. $ 29 503 In 1885 the total income was. 27C 0137 In 1895 the total income was 735.079 In 1905 the total income was 1,955,058 "With regard to the payments to policyholde , I might say that the mortality for the year was again exceedingly favora r le, be' g ouly 40 per cent. of the amount ex- pected. We have been able to Contine t, : distribution of surplus to policyholders upon the same scale as in past years, o amount paid last year was $87 928, and the amount that we have added to o. general surplus was $179,928. "The ratio of expense to income was 17.8 per cent., ata compared with 17 4 per cent in 1904. This addional expenditure arose primarily from the increased amount of new business, as well as from Government taxation. The 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 non- sider It our duty to call the attention of our policyholders to it. As the premium Mosinee increases, this tax also increases, and over this, of coarse we have nocontroL "I desire on this odoasion 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 tho financial statements our assets consist almost entirely of mortgages on real estate, Municipal Debentures and Bonds, and loans on our own policies We have not noand have never had,any investment of a speculative nature. Within iu th o past year there were no losses made on investments, 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 investment 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 difficulty whatever in finding investments for our Income, and during the past year the demand for money has been more than usually active, both on, Municipal Bonds and for Mortgage Loans. We have not found it dither necessary or thought it wise to invest any of our funds outside of the Dominion, and we see no reason why, ander present conditions, we shonld not be able to continue to Sind safe and remunerative employment of our funds at home. Attractive propositions are frequently made to us for the purchase of Bonds of enterprises in Mexico, Cen- tral America, Cuba and elsewhere, in connection with which large bonnses are of- fered in the form of paid up stook. Such enterprises may possibly realize the ex- pectations 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 Insnrancs Funds are essentially trust funds, and I venture to say that if an expression of op- inion could be secured from our policyholders, the course which we have pur- sued 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 judgement, of a sufficiently high standard to quality as a trust fund in- vestment. I wish also to point ont that we have never bought any securities with the object of selling them and making a profit upon them. Such transactions seem to me to be outside of the legitimate sphere of life insurance. If securities are good, and commaud an increased price in the market, they are on that account more at- tractive 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 epeoial Finance Committee on which the duty of investing funds devolves. All investments are made with the approval of the Board and Execntive, which meet alternately on the second and fourth Thursday of every month. At these meetings all new investments are submitted, after having first been carefully scruti- nized by myself and the Manager, and they are accepted or rejected on their merits with the unanimous approval of the Board. Any investment offered, to which ob- jection is made by any member of the Board. is refused.” In seconding the adoption of the report, Mr. Alfred Hoskin, K. C., Vice -Presi- dent, said:—"Life insurance companies at present occupy a prominent position be- fore the Public, and some efforts have been made towards discrediting their manage- ment. We can only speak of our own Company, and Neve no desire to express an opinion as to any other. Cost of management and the nature of investments have been the principal ob- jects of attack. In both respects I think we can take credit to ourselves. "Our expenses for the past year have been abont 17 per cont. upon the gross in- come. I have made inquiries, and find that the ratio of expense of loan companies is from 15 to 20 per cent. upon the gross income. Inc1aded in ourexpenditureis a large Sn u t paid to the several Provincial Governments of the Dominion, and to certain and several municipalities, as a tax. On nearly every loan made 011 mortgage the usual commission (which is paid by all investment companies) of 1 per cent upon the principal lent has to be paid. Doc- tors' free for examination, rent of offices where the Company carries on business, advertising, and other similar charges of necessity, have every year to be met." "The report of the Government Inspector shows that this Company's expense ac- oouut 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 Secnrities, show- ing the percentage each bears to the whole:— i i =�►1a ila SPECIAL ONE WAY RATES To Billings, Mont., Denver, Color- ado Springs, Salt Lake City, Nelson, Rossland, Vancouver, Portland, Ore., San. Francisce. Tickets on sale daily. Special Settlers Trains to North-West Every Tuesday during March and April special train with Colonist Sleeper will leave Toronto 9 00 p. m., every Tuesday during March and, April for Manitoba and North-West. Passengers travelling without live stock should take Express lead ing Toronto 1.45 p. m. The Short line to Cuba Leave home Thursday p. m. arriv- ing in Havana Cuba, early Monday i morning. Direct connection, Tour- ist rates in effect. For tickets and fall information call on L. Harold, Depot Agent. J. D. MCDO ALP, D1sir1 ct Passenger Agent, Toronto. Per cent, of Assets. Mortgages $4,205,033 86 43 88 Debentures and First Mortgage Bonds .... ........ 3,245,401 89 34 91 Loans on Policies 1,01 7,480 09 10 114 Deferred Premiums 272,121 08 2 93 Interest A corned 177,312 05 1 91 Cash on Hand and in Banks 261,0(10 C0 2 82 Real Estate 56,281 08 61 Total Assets.. .. $9,296,092 15 100 00 "I venture to say that no policyholder can take exception to the class of securi- ties in which his money is invested. I call attention to the item of real estate -61- 100 of 1 per cent. Considerable portion of this is held for sale, and all is income producing. The item of interests and rents, 1.91 per cent., was not all due at the 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, nithough it may not he payable for months afterwards. This shows that the income from the Company's investments is well met. "The above details show, 1 ventnre to say, that this Company need have no fear theinvestigation whi ,h it h s d -i 1 av f Lif as to the resultofwhich n boendeemeda c cab etch Sof i e Companies. At this juncture It may be interesting to the policyholders, and parti- cularly to those who are not present today, if a short statement is made of the manner in which your Directors invest the funds of the Company. Every security, whether a mortgage or a debenture, is submitted to the Board or The Executive Committee. which meet alternately, and is gone into felly upon its n(erlte. Every year each and every security is handled and inspected by the Auditor, and each year the Executive Comnlitte handles and inspects every security, and compares the sante with the entries thereof made in the books of the (3ompany. and time, 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 ehecked by the Executive Com- mittee, and thus track is kept of the expenditure, and of the several items forming the same. (Booklets containing full report, comprising lists of death and ehdawment claims paid, of securities held, and other interesting and instructive particulars, are being issued, and will in dee course bo distributed among policyholders and intending laments.) Waterloo, March 1st, 1906. W. H, ItIDDELxt, Secretary.