The Exeter Advocate, 1923-8-23, Page 7441.
HOME BANK SUSPENDS PAYMENT
n Ea TWENTY YEARS BUSINESS LIFE
A despatch from Toronto says;
Serious impairment of the assets of
the Home Bank of Canada having
been caused by losses sustained in a
number of large loans and invest
ments, it has been deemed advisable
-that the institution should.* suspend
payment. Announcement to this ef-
fect was made late on Friday after -
Moon following a meeting of the Board
f Directors, at which A. E. Calvert,
recently appointed ,assistant general
manager, presented a report which,
according to an -official statement later
issued, was of a. "serious character,"
the immediately liquid assets of the
bank having been practically depleted.
Negotiations with other banks for the
absorption of the Home Bank having
proved futile, it was found necessary
to close the doors of the institution,
the affairs of which will be administer-
ed by Mr. A. B. Barker, ,who has been
appointed curator under the ;rrovi-
sions of the Banl-fng Act. He will he
required to present a report within
'three months' time, when the Can -
alien Bankers' Association will de-
cide what further action is to he
taken. Mr. Barker has been rninaecr
of the Toronto Clearing House for
the past six ycare, and previously had
long service with the Bank of Toronto,
holding the post of supereiece when
he resigned.
It was stated on Friday that within
the past four days there have been
heavy withdrawals of funds ,n the
'•art of depositors, rumors that the
bnnk was in difficulty having been in
circulation recently in the financial
district.
Among the .number of large loans
referred to in the official statement as
of a "bad and doubtful" nature, it is
elated is one to a large pulp and paper
ompany which had been operating i;i
Fiitish Columble. but which for some
time has been closed down. Ir., is te-
noned
e -lined that, to a very considerable see
lent, loans to this enterprise cue res-
;.onsible for,. th.r straits in which Ole
Ilcrpe Bank has been placed. -
To Administer Combines Act.
Hon. James Murdock, Minister of
• Labor, who has been charged with the
administratitoa of the new Act of
Parliament controlling combines,
monopolies,' trusts and mergers, it has
been announced by Premier King. It
provides that an investigation may be
Instituted on the complaint of six
• Persons,
Inter -Departmental
Hying Operations
The increasing demand on the Royal
Canadian Air Force for aerial trans-
portation in connection with forestry,
survey, inspection, and related work
and for transportation for those ser-
vices working in the remoter parts of
the country, made it desirable to form
some organization where the problems
incidental to this work could be con-
sidered, and as a result an inter-
departmental committee on flying op-
erations for the civil services of the
Government of Canada has been con-
stituted.
The committee will provide for the
interchange of information between
the various services interested, for the
consideration of the results obtained,
the co-ordination of flying programs
throughout the country and discussion
of all matters arising.
The first meeting of the committee
was attended by representatives of the
following services:
Dept, of the Interior --Surveys Bur-
eau, Topographical Survey, Forestry
Branch, National Parks Branch, In-
ternational Boundary Commission,
North West Territories Branch, Geo-
detic Survey, Dominion Water Power
Branch, Dominion Observatory.
Dept. of Mines- Geological Survey.
Dept. of Agriculture -Entomologic-
al 'Branch, Experimental Farms
Branch.
Dept. of Public Works -Chief ' En-
gineer's. Branch. -
Dept. of Indian Affairs.
The program of flying operations
". for 1928 was discussed and informa-
tion was given to the meeting as to the
nature and extent of the operations
contemplated. By giving all services
full information . as. to the whole pro-
gram it has been possible to consoli-
date the work and arrange for: co-
operation between the various depart-
ments served, so that operations
undertaken in any district may serve
as many departments as possible.
Great Britain. Arranging Loan.
for Irish Free State
A despatch from London says
Great Britain, according to the Morn-
ing "Post, is arranging" a loan of g6,-
000,000 for the Irish Free State. Ili
effect, the paper says, the Government
is abandoning its claims to compensa-
tion for the damage to British prop-
erty in `Southern Ireland ,during the
disturbed 'period.
DeVALERA LODGED IN
COUNTY CLARE JAIL
Arrest of "President of Irish
Republic" Made by Free
State Troops.
A despatch from Ennis says:-
Eamonn De Valera, "pre"dident of the
Irish Republic," at last is in the cus-
tody of the Free State authorities.
He was arrested here on Wednes-
day as he was starting an election
speech to his constituents. He had
boldly announced his, coming and when
he took his position on the rostrum
in Market Square Free State troops
threw a cordon about him.
The crowd that had gathered had
given him a tumultuous reception,
and he had just started his address
in Gaelic when a shout arose, "the
soldiers are coming." Simultaneously
armored cars rattled up to the vicinity
of the platform.
The crowd, made up ' of men and
women, fled in all directions as the
soldiers fired several volleys over their
heads. • Many of the women fainted.
As several soldiers rushed 'toward
the platform, De Valera was seen to
sway and then to collapse. At first it
was thought the Republican leader
had been shot, but it turned out that
he had only fainted, probably in con-
sequence of a blow he received during
the stampede.
When he recovered De Valera. was
assisted down the steps from the plat-
form by troops. He waved aside a
number of persons who were seeming-
ly desirous of attempting to rescue
him, and surrendered to an officer,
who received him with a kindly "Come
along."
When the first panic had subsided,
the people who had been about the
platform returned to Market Square.
Many of them hurled insulting epi -
theta at the troops and for a moment
the situation looked ugly. The troops,
however, took things calmly, fixed
their bayonets and soon restored a
degree of order. Then, with a large
crowd following him, De Valera was
taken to the county jail. He offered
no resistance.
A despatch from Limerick says: -
After his dramatic arrest at Ennis,
de Valera was brought to Limerick in
an armored car and safely lodged in
the county jail, where he is heavily
guarded. The strictest precautions
are being taken against any attempt
at rescue. The military authorities,
while naturally unwilling to state the
prisoner's ultimate destination, say
he was not hurt by his alleged fall,
but is dejected. He has not eaten yet,
but there is no reason to suppose that
he intends to go on a hunger strike.
KIDNAPPED PRIESTS
ESCAPE FROM BANDITS
Disguised in Chinese Clothes,
Recover Their Freedom -No
Other Foreigners Held.
A despatch from Hankow, China,
says: -The Reverend Michael Mc-
Hugh and the Rev. Daniel Ward,
Catholic priests who were kidnapped
Thursday at Tsaoshih by Chinese ban-
dits who looted the town, have escap-
ed according to advices received here
early on Saturday. It is said the
priests disguised themselves in, Chi-
nese clothes and eluded their captors.
The late reports .from Tsaoshih in-
dicated that the bandits burned the
London mission hospital and its ad-
joining buildings instead of the Cath-
olic hospital. The first accounts o:f
the bandit raid told of the burning of c
the Catholic -institution.
With the escape of the two ,priests,
it, is now believed the bandits have no
other foreign captives, although they
are holding more than one hundred'
Chinese prisoners
Dr. Ranting,' Discoverer of
Insulin, Returns to Canada
Cada Receives .Interest
OXFORD AND CAMBRIDGE LACROSSE PLAYERS TO TOUR CANADA k.
'The above picture, taloen just before a recent game, shows the two lacrosse teams, Oxford in the dark uni-
forms and Cambridge in white, which are now commencing a tour of Canada 'which will take them from coast
td toast. They reached Canada on the "Montlaurier" early in August and the tour will continue until October 6.
Prince to Travel Direct
to Alberta Ranch
A despatch, from London says: -
The Prince of Wales has provisionally
booked his passage for Canada on the
Empress of France, to sail on Sep-
tember 5. He will go straight from
Quebec to his ranch in Alberta. He
expects to return to London about the
clad of ,October.
His Royal Highness left Thursday
night for Glamis Castle, the residence
of the Earl and Countess of Strath-
more, parents of the Duchess of York,
to join the Duke and Duchess of York,
who are visiting at Glamis Castle.
Harold Noice.
The explorer, who is now making a
dash to Wrangel Island to rescue Allan
Crawford and his party, who have
been marooned there for two years,
taking possession of the Island for
Canada. The Soviet es threatening to
capture the party.
DeValera Removed to Dublin
Under Strong Guard
A despatch from Dublin says: -
Eamon de Valera was removed from
Limerick to Dublin under a strong
escort on Friday, says the Central
News.
A despatch to the Daily Express
from Rome says the Irish Republicans
appealed to Pope Pius to intervene in
behalf of De Valera. Cardinal Gas-
parri, the Papal Secretary of State,
replied that the Vatican lacked power
to intervene officially.
Statue to Honor Writer.
of Stories on Insects
A despatch from Paris says :-A
committee headed by General de
Castelnau, and including leading edu-
caters and officials of the Department
of Aveyron, is arranging for the erec-
tion of a statue to Jean -Henri Fabre,
who wrote books about insects that
were more ; interesting than romances.
The monument, now being executed
by the sculptor Malet, will be placed
within a year on the central square.
of Saint-Leons, the village where
Fabre spent his childhood.
The committee considered,this
peaceful spot the most appropriate for
a statue of the. "noblest andpurest
son of Aveyron."
Dominion News in Brief
Quatsino, B.C.-A very valuable 14,600,000 acres, the average size of
the Manitoba farm being 274.2 acres.
The value of the farm property of
the province, based on the census of
1921, is placed at $656,500,961.
Fort William, Ont. -There is still a
shortage of both skilled and unskilled.
labor at the head of the lakes, no
doubt due to the heavy elevator con-
struction program that is being car-
ried on. The contractors are rushing
the work forward with all possible
speed with a view to having the vari-
ous elevators and . additions ready to
handle the fall crop.
Montreal, Que.-It is stated that
the Laurentide Co. is now setting out
1,000,000 new trees a year which are
grown on its own nurseries, and by
1925 will be setting out 6,000,000 trees
a year.
Woodstock, N.B.-Virginia growers
are all most enthusiastic over Can-
adian potato seed, according to the
statement of H.H. Hatfield, who has
just returned from a trip from that
State, where he was making an in-
vestigation of the out -turn of New
Brunswick potato seed in comparison
with that of Prince 11dward Island
and Maine. The productivity of the
New Brunswick and Prince Edward
Island seed was about equal, but New
Brunswick potatoes brought forth bet-
ter formed tubers. On the whole Can-
adian seed proved more productive
than that of ''Maine in the ratio of
two. to one.
parcel of seal skins, the catch of the
Indians of the West Coast of Vancou-
ver Island during- the spring of this
year, has been shipped to Vancouver
for transhipment to London. The
catch is valued at $30,000.
Lethbridge, Alta. -According to
statements contained in the annual
report of the reclamation service of
the Department of the Interior, it is
possible to irrigate nearly 400,000
acres more south and east of Leth-
bridge, at a cost of about $40 an acre.
The development of this area, how-
ever, depends on the development of
the reservoir system on the Waterton,
St. Mary's and Milk Rivers. For the
development of the Lethbridge south-
eastern project the cost of reservoir
system would be about $6.40 an acre.
Regina, Sask.-Parties of surveyors
and chemists are now working on the!
Regina Beach and Inglebright deposits
of sodium sulphate under the super-
vision of I. H. Cole, research chemist
of the Dominion Department of Mines. i
The work of the parties is to estimate .
and classify the deposits within the
province.
Winnipeg, Man. -The increase in
the number of farms in Manitoba in
the last decade has been about 9,000,
according to a statement issued by the
Dominion Bureau of Statistics, or at
the rate of nearly 1,000 a year. The
'province has now more than 53,000
occupied farms, with an area of over
IMPORTANT CHANGES
• IN OTTAWA CABINET
I -Ion. T. A. Low and Hon. E.
M. Macdonald Are Given
Portfolios.
A despatch from Ottawa says: -
Important Cabinet changes were an-
nounced Friday, namely:
Hon. J. A. Robb, Minister of Trade
and Commerce, since the formation of
the King Government, takes the port
folio of Immigration and Colonization.
Hon. T. A. Low, member of the
Cabinet without portfolio, succeeds
Mr. Robb as Minister of Trade and
Commerce.
Hon. E. M. Macdonald, who has
been acting Minister of National De-
fence, becomes Minister of Defence.
The changes entail two by-elections.
Mr. Macdonald will seek re-election in
Pictou and Mr. Low will have to seek
re-election in South Renfrew.
Until the present appointment of
Mr. Robb, the Immigration Depart-
ment has been in the hands of Hon.
Charles Stewart, Minister of the In-
terior. Mr. Robb, it is announced,
will give full attention to developing
the immigration plans already worked
out by Mr. Stewart and the Govern-
ment for an energetic, and carefully
considered campaign of immigration
and settlement `
Writs for the by-elections in Pictou
and South Renfrew will be issued im-
mediately. In both cases nominations
are fixed for September 6th and poll-
ing for Sept. 20th. In'the last gen-
eral election Mr. Macdonald had a
majority in. Pictou of 8,558, although rireleingand. an election speech at Ennis,
in • 1917 the constituency returned a Irel
supporter of the Union Government
by a majority of '757. In 1911 Mr.
Macdonald's majority was 264,
In South Renfrew Mr. Low had in
1912. a majority of 1,651.
Mr. Macdonald will be sworn in at
Halifax by the Governor-General.
It is possible that the seed extract-
ing plant of the Dominion Government
at New Westminster, B.C., may be re-
opened this fall as the fir cone crop
in the Fraser Valley is a large one.
Seed from this plant isdistributed in
Canada, the United Kingdom, and
other European countries.
Irish Rebel Chief Captured
Ramon de Valera, who was arrested
by . Irish Free State troops as he was
United KingdomBolginri
Iidia Chin
Jam
$traits Settlements
Netherlendaa
East Indies
oil Greek Debt A. despatch from Quebec says:- ' S€ i th ;Afr c
Among the prominent cabin passer,- NOW Zeal an4
A despatch from London says: gers on the Mont -cairn. which arrived
The Greek Government paid to the on Friday,. Was 1)r. F. G,' 13anting, of
;17ominion of Canada on account in insulin `fame, of Toronto, who hid him
London $225,000 interest on its debt , self away from the newspaper .report.
to the Dominion, which" is approxi- ere who hoped to interview him, j
mately $8,000,000. The $225,000 its- l Or. Basting continued by the Mont
terest is for the first six months of calm to• Montreal from which city he
' this year. ' will proceed direct to. Toronto. 4
United
States
"AUSTRALIA SUGGESTS A TRADE,
'QUOTA
and discovering. that' the Uri -Led. States has
Australia has been seriously co:n�si�dering the 'sources of her trade,
su' •est§ a tradeqa, aihet
a iiia "balance of trade av^ains�t lie,r•atanu•a1�i � whieki wipes out her otvn"trade balances,$$. quota8'
n 3 p
-all countries that ;;ell he-r•uin-re than {trey buy from leer.- the quota, would a, 31. in the same Way as the immigration
c..:e a nrittau e. and the expenses incurred borne
quota in the. U.S. lrup�orts oyer a t�.Pr tail) figure' w0ul•d -be ,stars d d
orts into .Australia from the va;rioais
by the foreign nianuta'Ctore,:•. thectr art ..bows white areas representing•int.
countries end the, shaded areas her ex ports.
The Week's Markets :a
TORONTO.
Manitoba wheat --No. i Northern,
Manitoba oats --No. 3 OW, 51c; No.i.
1 feed, 47c.
Manitoba barley -Nominal.
All the above, track, bay ports.
American corn -No.' 2 yellow, $1.06.
Barley -Non -sinal.
Buckwheat` -•No 2, nominal.
Rye --No. 2; nominal,
Peas -No. 2; nominal.
Millfeed Del':, Montreal freights,
bags included:,,Bran, per ton, $25 to
$26; shorts, per"tee, $27 to $29; mid-
dlings, _$33 to $35; good feed flour,
$2.16 to $2,25.'
Ontario wheat -No. 2 white, nom-
inal.
Ontario No. 2 white oats -Nominal:
Ontario corn -Nominal.
Ontario flour -Ninety per cent, pat.,
in juste bags, Montreal, prompt ship-
ment, $5.10 to $5.20; Toronto basis,
$5.05 to $5.15; bulk seaboard, $4.95 to
$5.00. •
Manitoba flqur- _lit pats., in cotton
sacks, $6.90 per bbl.; 2nd pats,, $6.85.
Hay -Extra, No. 2 timothy, per
ton, track, Toronto, $15; No. 8 tim-
othy, $13; mixed, $12.50 to $13.50.
Straw -Car lots, per ton, track%
Toronto, $9.50.
Cheese -New, large, 22e; grins;
221/4c; triplets, 23c; Stiltons, 24c.
Old, large, 32c; twins, 82%c; triplets,
83c; Stiltons, 331/4c. New Zealand old
cheese, 30c.
Butter -Finest creamery prints, 88
to 38e; ordinary creamery, 84 to 35c;
No. 2, 32 to 33c.
Eggs -Extras in cartons, 38 to 89c;
extras, 36 to 37c; firsts, 31 to 32e;
seconds, 24 to 250.
Live poultry -Spring chickens 80e;
hens, over 5 lbs., 22e; do, 4 to 5 lbs.,
20c; do, 3 to 4 lbs., 17c; roosters, 12e;
ducklings, over 5 lbs., 25e; do, 4 to 5
lbs., 20c; turkeys, young, 10 lbs. and
up, 25e.
Dressed poultry -Spring chickens,
40c; hens, over 5 lbs., 280; do, 4 to i
lbs., 24c; do, 8 to 4 lbs., 2Oc; roosters,
15c; ducklings, over 5 lbs., 25c; do, 4
to 5 lbs., 25c; turkeys, young, 10 lbs,
and up, 30c.
Beans -Canadian, hand-picked, lb.,
7c; primes, 61c. .
Maple products -Syrup, per imp.
gal., $2.50; per 5 -gal. tin, $2.40 per
gal. • maple sugar, lb., 25c.
Honey -60 -lb. tins, 11 to 12c lb.;
10 -lb. tins, 11 to 12c; 5 -lb. tins, 12 to
180; 25 -lb. tins, 13 to 14c. Ontario
honey, per doz., $4 to $4.50; No. 2,
$3.50 to $4.
Smoked meats -Hams, med., 27 to
29c; cooked hams, 43 to 45c; smoked
rolls, 22 to 24c •cotter~e rolls, 23 to
26c; breakfast bacon, 30 to 84c; spe-
cial brand breakfast bacon, 34 to 38c;
backs, boneless, 32 to 88c.
Cured meats -Long clear bacon, 50
to '70 lbs., $18; 70 to 90 lbs., $17.50;
90 lbs. and up, $16.50; lightweight
rolls, in barrels, $36; heavyweight
rolls, $83.
Lard -Pure tierces, 151/4 to 15%c;
tubs, 16 to 16%c; pails, 161 to 17e;
prints, 18c. Shortening tierces, 14 to
14%c; tubs, 14% to 149'i c; pails, 143.
to 151/,X; prints, 17 to 171c.
Choice heavy steers, $7 to $7.60;
butcher steers, choice, $7 to $7.40;
do, good, $6.50 to $7; do, med., $5.50
to $6.50; do, com., $4.50 to $5.50;
butcher heifers, choice, $6.50 to $7;'
do, med., $5.50 to $6.25; do, come $4
to $5.50; butcher cows, choice, $4 to
$5; do, med., $3 to $4; canners and
cutters, $1,26 to $2; feeding steers,
good, $5 to $6; do, fair, $4 to $5;
stockers, good, 4.50 to $5.25; do, fair,'
$3 to $4; milkers, springers, each,
$80 to $100; calves, choice, $10 to $11;
do, med., $8 to $10; do, corn.,,;$4 to $7;
lambs, spring, $12.50; sheep, choice
light, $8.60 to $6.50; do, choice, heavy,
4 to $5; do, culls and bucks, $2.75 to
3,50; hogs, fed and watered, $10.50
to $10.60; do, f,o.b., $9.90 to $10; do,
country points, $9.65 to $9.75.
MONTREAL.
Corn -Ain. No. 2 yellow, $1.04.
Oats -CW, No. 2, 56 to 57c; CW, No.
3, 58 to 54c; extra No: 1 feed, 52 to
52%c; No. 2 local white, 51 to 511e.
Flour -Man. spring wheat pats., lets,
$6.90; 2nds, $8.40; strong bakers,
$6.20; winter pats., choice, $5.75 to
$5.85. Rolled oats, bag 90 lbs. -$3 to
$3.10. Bran -$25 to $26. Shorts-,
$28 to $29. Middlings -$88 to $84.
Hay -.--No. 2, per ton, car lots, $15.
Cheese, finest eastern; 19% to 20c;
butter, choicest creamery, 34c; eggs,
selected, 35c.
Hogs, ungraded lots, $10.50; gov-
ernment graded select bacon hogs,
$11.25.
FREAKISH WEATHER
THREATENS U.S. CROPS
Drought and Hot Winds Seri..
ously Affect Cotton Harvest
in .Southern States.
A despatch from Washington
says:-Was'hington scientists have re-
newed.their interest in the discovery
announced last April by Dr. C. G. Ab-
bot of the Smithsonian Institute, that
the sun had gone on strike to the ex-
tent of delivering from three to four
degrees less heat to the earth than
normally, because of the freak char-
acter :of the summer season:
Following 'a late spring, the sum-
mer, which has been intensely hot
throughoutthe country, hasbeen
characterized by a drouth which is
alarming the Department of Agricul-
ture. The freak weather conditions
here have been duplicated in Europe,
South America and Africa, indicating
a .planetary rather than a. local eon,
inion.
The South Atlantic and Eastern
Gulf States alone have had so many
thunderstorms as seriously to affect
the cotton crops, and Texas and Ok-
lahoma, which have been relied upon
to produce not less than 35 per cent.
of this year's production of cotton, are
now seriously menaced :;by drouth and
hot winds.
Natives of the Fiji :Islands build.
substantial buildings'. and decorate
them artistically.
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