Exeter Advocate, 1907-07-04, Page 2•iT1\QARD 111' K 'Tt1E\II T.
hikes s Inerettee In Total Assets for the
Year of $2.s141,Zi21,
'Pee statement present. J to the thirty-
second annual meeting of the Shart-
ielders of the Standard Bank of Can-
ada was a most satwlaetory• one. Dur-
ing the past year the capital has been
Increased by $356,142, snaking it $1,540,-
420. The reserve fund now stands at
6).610,420, an increase tor the year (•1
635(.112, this being the premium on
new stock Issue. The balance carried
ieewnrd on the profit and loss account
was 8105.529. an increase for the year
el: 873.738. The deposits have increased
1.526.812 during the year and dis-
c -nuts also show an increase of SI,-
f.S.5,515. Total assets, which now stand
a' $20,626,610.117 are greater Than last
year by 82.881.51. Quick assets, cash.
Dominion notes, legal tender, now
amount to 86.110,739. The percentage
(toed on capital was 17.82 per cent.,
cl vv'hich 11 per cent. was paid to share-
tu.iders; 8111.000 was written off bank
premises, and the balance carried for-
ward to the profit and lass, account. Alr,
W. F. Cowen and Mr. Frederick Wyld
were re-elected president and vice-pre-
sident respectively.
LOST TRIBE FOUND.
A despatch from Spokane, Washing -
tun "
(
rritrnY.
states esUatJames M. . Cor-
nish, member of a surveying party work-
ing' in the wilderness of the Ye!towhead
Pass in the Canadian Rockies -which the
Pacific Railway Company
brand 'Trunk
seeks to penetrate with its transconti-
nental line -brings to Spokane a story
of the disoovery of more than 300 fami-
lies of Indians hidden miles from civili-
zation in the northern wilds. They ap-
pear to be prosperous and contented.
passing most of their limo in the chase
of big game and breeding horses.
"Their story of settling in Yellowhead
Pass is romantic," Mr. Cornish said,
"reading more like a chapter recorded
h5' Fenimore Cooper than an historical
fact. The Indians claim to be descen-
dants to s from Ilse once -powerful Iroquois
nation, which wrought so notch havoc
to the eighteenth century. Generations
ago. they sey, They Lived In Illinois, but
In the illaekhawk uprising They were
driven from the States and for safety
were forced to flee to the Northwest.
"They travelled many months through
strange lands and territories r.led by
savage Indian tribes. They sought shel-
ter with the Blood, Blackfeet, Cree and
Beaver Indians, but were treated like
outcasts and finally driven further west-
ward.
"From camp to camp they journeyed
until they struck the Nee. Perce country,
in Northern Idaho, going thence 10 Spo-
kane and Yakima settlements, but they
were not allows dto remain. Front the
1 akima Valley they went into the C.ol-
villo district, where halt their number
were killed in combat with the Colonies
and Coeur d'Alenes.
"Finally, one of their chiefs told me,
they settled in the Rocky Mountains, At
the: mouth of Yell(.wheud Pass, and, as
no one appearelt to Molest them, U,.,;
remained."
Mr. Coiiiish says many of the horses
fetrnd in the puss aro high -bred and fleet
of foot. The men devote much of their
lune to tribal sports. st.ch as games be-
tween boys, foot racing and ball play-
hig. the last named pastime being a
Bross between lacrosse and baseball. the
bat being similar to that used bJ• cel^_k-
eters, with a net on the end.
UMt :S1'AL FIN %NCI I. STRENGTH.
The annual report of the Mert'hants
!lank of Canada was made public at
Ow forty-third yearly meeting. held at
the head offices of the Bank in Mont-
real on Wednesday the 19Ih of June.
The unusual position of strength
end the splendid progress of this bank•
trig institution affords a lesson in care
tul management, which some of the
Hewer banks might well follow. This
results naturally. of course, from the
!Merchants Bank being fortunate enough
to have on its Board of Directeors and
among its Officers many names et
prominence In Carnelian financial
(circles.
Those who have funds of their own
Er trust funds to deposit would do well
k. look carefully into Ilhe personnel of
e banks directorate. and weigh their
reputations when (lending where to
place their money. The character '.1
th( Board and ()theirs of a bank has,
rot course, everything to do with its
ptogress and safely for the depositor.
As a result of traditionally careful
nianagcment the combined reserve
'hand and paid-up capital stock of the
Merchants Bank has thla year reached
the splendid fatal of $l0,001.tJI10. The
business of the bank for the year end -
Ing \lay 31st, 1907. show's an increase
in ret profits to the extent of over
$1.011,11(10. They have reached this year
1M` marmot's amount of nlnwist one
itnillion dollars (to be exact $961.660.06),
which was disposed of In dividends to
Pie extent of $190.000, and $100.000 was
added to the reserve fund. The bank
has gained in the year over 83,000,000
in deposits.
A careful inspection of these figures
r,nl y serves to emphasize the real pro -
GOLD WEARIED "MULTIS"
iuCll 111:\ 1111: til nll:(i TO FITS OI'
1‘1)111.1) I'1.1(:11T.
Ilr. Emil Iteisrh Tells Row Some o1
Them Gel Rid 01 Their
Nuney.
At Berlin they say th it money alone
Jots not mean luappiIt' -', the point be-
ing to have il first. Not so the American
and other nlltic. They say to have
money is nothing; the point is to get
rid of it. The question arises, Do the
mullis really mean it?
When I.1r. Charles AI. Schwab, the
former president of the Steel Trust, de-
clares that all he yearns for is the
"simple life," and that he used to be
much happier in his former poor ditys.
are such statements an expression of
s real desire, or only the poutings of a
depressed mind?
The units are a new species in the
evolution of mon. Linnaeus calked roan
hono sapiens; what shall we call the
multi? Ilumo sapien11 imus? Ile him-
self is, as we learn, likely to call him-
self Ionto utsipi('ns. Surely a person
completely raised above all the needs
and worries of other people lives in an
atmosphere i
linos here so )(x:uliar that he must in-
evitably become a new creature. His
psychology is et►', unknown, barely'
guessed at by nhintsell. llenco rho fre-
quency of self-deception among mullis.
All his ideas were nt.ght hint by teach-
ers or authors who had never met or
observed a multi. Between his mentality
as a multi and his intelle tual and emo-
tional machinery as an ordinary mortal
there is a crying discrepancy. Just con-
sider the following Point :-
FADS OF MULTIS.
1 mean the strange fads of some mul-
ti6. Take. for instance, Mr. Carnegie.
Ile bus up to this dale spent some twenty
%n Ilion pounds sterling, it is said. on the
for
scruninnle purchase of books
indL
public libraries. A few years ago i pro-
p(se d to hila, through articles in a con-
temporary journal, to make at least
some choice among books. My proposal
was that Mr. Carnegie should pay 300
great scholars, who, in groups of len,
should each draw t.p a critical list of the
really useful books in one of the thirty
different branches of knowledge, $(,500,-
'14) would amply suffice for That great
purpose, and forst only a trine of what
Mr (:arnegie was flinging away on in•
discriminate purchases of odd books.
My idea was approved by a host of
well-known scholars. Sir. Carnegie, who
was approached in this matter by Mr.
John Morley, brusquely refused to coun-
tenance it. Books, books. no end of
books, the says. Discrimination, choice,
selection -all this is not a book, but an
opinion on a book. hence he discards
it with scorn. What tie wants is to in-
dulge) in his fad. lits fad is books for
public libraries. lie will not listen to
stay sl.ggeslion . l,.,• the iinprovernent of
iih.artes. He wants hooks. He will not
give a farthing for Ute most promising
excavations, or other scientific enter-
prises: he will oily pile on books on
the shelves of public libraries.
FOOD TO AMUSE TiIEM.
Now, in this ease. the psychology of
the matter seems quite clear. in former
times, kings, or the mullis of that nge,
had fools to amuse them. The official
post of king's (or nhulti:s) fool is at pre-
sent not quite feasible. Yet in that ollice
there was an abiding feature of the hu-
man soul in high altitudes. 11 cannot be
given up altogether. So, since fools pro-
per can no longer be engaged and em-
ployed, the modern kingly ninths take a
fait instead.
Their fad Ls their kings fool. See, how
that explains everything, beautifully.
Any new 1'ropo.sal made to a multi anent
his fiid is like suggesting to King Fran-
cis 1. of Franco lo change his fool. 11 is
agravating to him; (1 altnost insults
hien. When I made my proposal to Mr.
Carnegie I had not yet completed my
study of kings fools. That.' why I
failed.
ALLEGED SI\IPI.E LIFE.
Ilistory is indeed a precious means of
I.enelraling more deeply into the psy-
chology of mullis. For instance, (heir
alleged love of sitnpte life, their alleged
I t,nlempt of money, their alleged longing
fee (heir early poverty.
What is it all but a reminiscence Of
the re go 11ia1. among other cases, look
teed of all Italy in 1133. when l tch people
threw away their belongings (or said
they did), and in keeping with the reli-
gious spirit of the lime, turned penitent,
mendicant friars? As great knowledge
n- ever charmed by naive Ignorance, ars
Faust is bewildered with pesion for
supple .-Mlnrgnret, so great wealth ever
Lad a secret longing for the austere de-
lights of self-abnegation.
To the ('resent day, most of the mem-
bers Of the severest orders of monks aro
men who lied formerly enjoyed ample
fcrlunes.
Poverty is a sin ere order by itself. and
does not need the habit of a plonk. One
can therefore quite underKtnnd that the
modern mullis. a,..e \Ir. Ruekefeller or
\Ir. Thomas F. Ilya!). are subject. from
Ione to time, to pit. of \Weltnucht, nr
world -flight. as the Germane call it : and
it ►weld not altogether be impossible to
e�lublish n Grande chartreuse for 1nu1-
1Is somewhere in the wilds of the moue•
tains near the SI. Gothard, in Switzer -
egress made by the Merchants Bank 1
b1. s F. e cn nt new ( U.1RNEGIE STARVING.
q chew: las a ability. and no ep will Imagine Mr. Cau-negie, and all the
quarrel with the results 1l1 they 4ppea
11 lel h e w had two
ve' and.
Nurses' and
Mothers' Treasure
--safest regulator for baby. Prevents
colic and vomiting -gives healthful rest
-curd diarrhoea without the harmful
effects of medicines containing opium
or other injurious drugs.
Cures 2c--etdrugstores.
National Drug Sr Chem-
Diarrhoea''
C„,,;;„'=".Co,,
4a
other mullis, clad in monachal costumes,
spending their days and much of their
nights in unremitting meditation on the
inanities of the world. Imagine what an
"attraction" that would form. Fancy the
special Traits bringing hundreds of
thousands of tourists to tho Sl. Goth-
ard. there to watch the mullis in (heir
penitent dress.
Fancy the excellent copy it would
furnish, and the pictures ! "Carnegie
sthrving"! "Ryan begging for bread in
the ravines"! Mr. Rockefeller feeding
on earth -worms"! 1l is to be hoped
that the new Carthusian of \lultisianc
wili in the end brew us u new and still
better Chartreuse.
And then the St. Gothard is so com-
fortably near to the lake of Como.
Any multi who got tired of the Grand
Chartreuse might -might he not ?-disap-
pear a little to the shores of the villa -
studded lake and to gay Milan.
It Ls a lovely idea.What floe emo-
tional shivers one could procure one-
self? A month in the wilds of the St.
.1
,.
Gothard, and L
i then suddenly ( h)
O
plunge
into the exuberant life of Milan! 1 have
ne, doubt the idea would at once be taken
up by rich ladies, loo. just as women of
tho world used to do in the times of
Port Royal. e
A P0011 111 1.1'. I I I E N.
Cld.1:Terse %ere. my IKiy. perse-
vere! There's only one way to accom-
plish y err purpreee. and that is to stick
t( 11.
1'oungley- -But suppose your purpose
1.4 to renut've n sheet of fly paper you've
bat down upon aceidenlally?
During the (•msseseaminatiee of 3
witness. at the 'remits, New York, the
flied set attorney asked hall where hie
father wee, to w 1st h the w ilneee. with
h melon, holy air, reeponel'd:--"Dead.
sir, dropped Of very suddenly.
"lhlw citing he to (lisp elf sud.l.'nly?"
was the next question. "Foul play,
e r, The sheriff imposed t.n his unCvm•
amour nntore. and. gelling him lo �•,
1111 to a platform to look at a select an•
(:u'nce. s':.1denly he knocker a trap.
Ik.or out from under hint."
Tau
NA& NO. 27-4K7.
THROUGH GROANS TO GREATNESS.
The building was one of singular mag-
nificence-large,
ag-
_ar
ulficen e.
c ! e handsome, ds me and well
rroporlioned. The architect hod evident-
ly lavished all his skill and art upon
the exterior, with a view perhaps to at-
tract people inside who might other-
wise have passed by on the other side.
"Ah," said a gentleman to his friend.
as they walked by, "what a superb
structures"
"Yes, it is indeed," returned the other;
"but 1 cannot bear to look at it,"
"Why not?" asked his friend.
"Because." replied the - other, with
warmth. "it tenth -ids me that the owner
l.uilt it out of the blood -yes, the blood,
the aches, the groans of his fellowmen.
the grief of crying children,, the wails
and moans of poor, defenceless women.
the howls and lamentations-"
"Gracious!" exclaimed his friend.
"\\'hats the owner? A moneylender --
an oppressor of the poor?"
'No, no." burst out his friend; "worse
-worse than that! Ile -he is a den -
Its'!"
They are Not Violent In Action. -
Some persons, when they wish to
cleanse the stomach, resort to Epsom
and other purgative stills. These are
speedy in their action, but serve no per-
manent gond. Their use produces in-
cipient ('hills. and if persisted in they
Injure the stomach. Nor do they act
upon the intestines in a beneficial way.
t'armelee's Vegetable Pills answer ell
purposes in this respect, and have no
superior.
"Before engaging moms in your
house," said 11►e bachelor, "1 want to
know if (here are any families with cry.
tug babies 'staying here." "I'm afraid
There is," replied the landlady; "but
we-" "Weil, 1 was just going to
'say," continued the other, "that if there
ars 1 want you to put ore in the room
next to theirs. I want to wake up in
the night and hear their (rouble, so
That 1 cult congratulate myself again
that I'm not married."
t•IF:11I i(: M.1(:IlINF:S FOR RENT
y week or month, at low rales. The
Singer. and Wheeler & \\'ikon are ac-
knowledged the lightest-rnning and
most convenient of any. Try one and
be convinced. Only at the Singer stores.
Lo>ni; for the lied S. Singer Sewing
\la.'hine 1 ',Trite lis at Maiming
Chambers, Toronto, fur set of Bird
(Curds free.
)kany a man never knew that he hail
hands until he got out in public and
5lidn't know where to put thein.
Holloway's Corn Cure is -the medicine
to remove all kinds of rents and saris,
and only costs the small sum of twenty-
five cents.
ACCOUNTED Fon.
"Did you sir flint chap walk mit in
the middle of the sermon on Smithy!"
"Yes. You know he walks in his
sleep."
ITCH. Mange. Prairie Scratches and
every form of contagious Itch in helium
or animals cured in 30 minutes by \Vol-
ferd's Sanitary Lotion. It never fails.
Sold by all druggists.
min NOi1MAI. CONDITION.
"1 hear that young w onoen designer
In aline fares': stylish dressmaking es-
tablishment 15 a very estimable per -
Grin."
"She ought to he. it's her business
to lead a pattern life."
e
to;.a
Starah.
Saves time, because it
makes ironing easier.
Saves linen, because it
gives a better gloss with
half the iron -rubbing.
Saves bother, because it
needs no cooking: . just
cold water. And it
CAN'T stick. Buy it
eyes by name.
900
01.D MAN'S UNIQUE IIE(:ORD.
In the village of Burton Joy:'e, in Not-
tinghiumshu'e. England, is Elijah Lind•
ley'. who for sixty-three years has been
Parish clerk and sexton of the village.
Ile is 84 years of age, lives in the house
wht'ro he wa_s burls, 11114 has only been
absent from the villas., four Sendays
during Itis life. 1le has served under
live vicar. -i, assisted at 210 n+ut riages,
1,500 bupliente and 1,000 funerals. The
I graves fur the latter he has dug himself.
Hut his most unique record lies in the
feet that lie has tolled the bell for three
sovereigns -George. IV., \\'illiani l\'. tinct
Q'.e'n Victoria. He was only seven
years old when George IV. died, but his
father, who was then sexton, took hint
into the belfry and made hint pull the
ripe.
"How do you find things. my man'.'..
"D1111," ILO replied. 11111 that was the
way lie wished to find thea) -being a
knife and scissor grinder.
Nearly all infants are more or less
subject to diarrhtha and such cone
',taints while teething and us this period
of their lives is the most critical, 1110-
lhers should not to without a bottle of
I)r. J. 1). Kellogg's Dysentery Cordial.
This medicine is a specific for such
complaints and is highly spoken of 1 y
those who have used it. File proprie-
tors claim it will cure any case et
cholera or summer complaint.
Italy usually hold,. the European re-
cord for murders with 2,500 yearly. but
sit the last two years Russia has Leconte
fee the most murderous country in 111e
\. rd.
To Know is to Prevent. -If the miners
who work in cold water most of the
('.ay would rub their feel and legs wilh
Dr. Themes' Ecleclric Oil Ihcy would
escape esiiscular rheumatism and ren-
tlet theit'nether limbs proof against the
Ill effects of exposure to the mid. Thole
setting out for mining regions would
do well to provide thent.etvec with a
sitppl- before starting.
"I say. Mr. J',hnsten;" said little Tone -
env. "are yeti fond of speaking?" "Not
vey. Tommy." replied ale. Johnglon,
with a smile. "You don't speak much?"
"Well. net a great deal." "1 Iltnright
s'.." said little Tommy, "because ytjfard
s'ster Agnes say 'lo meimma tieday That
Elie had been waiting all the winter
fou you Io speak."
Tho iarg.'st farm in the world is In
lnui.inna. 11 cexers a million and a
1.alf
acres. On il aro' :16 ,,,ilea ••f riot -
way. scot eon mile-. .if navieel.le water,
vu
which ply three RILulnboata.
WILSON'S
FLY
PADS
Beery packet
will' kill
more flies than
300 sheets
of sticky paper
- $OLD Nor -
DRUGGISTS, GROCERS AND GENERAL STORES
10e. per packet, or 3 packet. for 25c.
will last a whole season.
Iritih
Cim& fri TCHIEWFrST
FLOUR
A pure, hard
Manitoba
flour for bakers and others demand•
ing strength, color and uniformity.
STRONG mWHITE
AT YOUR GROCERS
DEALERS EWERS%HERE. SUPPtIF.D WITH
FLOUR A ND FEED.' %RITE US.
YE ALSO MAKE 'Qt EES CITY' A 51(501 D 11018
THAT HAS GAINED GREAT FAVOR AS A GENERAL
HOUSEHOLD 'All PURPOSES' FLOU0.
THECAMI)BELL MILLINGCO.
TORONTO JUNCTION
0NT
IDI -Y DREAMING.
Capital n d Labor chanced to meet.
"Good morning," they exclaimed in
ccrdial unison.
"1 hope," said Capital, "Istat you find
y'clar wages satisfactory."
"Entirely so," replied Labor, "and 1
trust your hiveslment is bringing fair
returns."
"Excellent," said Capital, and with :i
►warm clasp of the hand they parted.
"SUN LIFE "
Assurance Compa.y o1 Camila.
IIKAD OF'FIrK„ MOY1'RKAi,
Rome Farts front the Report of 1904.
1, (:ash Income from Pre-
miums, Interest, Rents.
Increase over 1905 .
2. Assets as at 31st De-
eemter,, 19.16. .....
Increase over 1905
3. Surplus earned during
Of which there was dis-
tributed to p elicyholdere
entitled to participate
that year ..
.And set aside to place
reserves en all p elictes
issued since December
31st. 1902, on the 3 per
cent. basis
Surplus over all I.lnhili-
ties and Capital teee,rd-
Ing to the ism. Table,
with 3'. and 3 per cent.
interest)
4. Death Claims. \lata:r.st
F:ndownients, Profits tans
oth r payments to Pol.
icyholdet.9 during 1906 .
5 Payments to Policy-
holders singe organize -
6,212.615 112
495,122 79
21,292.692 65
2,983,34)7 S:t
921,7:1 31
3Ur1,653 97
207,763 S1
2,225, 217 45
1.960.655 55 52
15,099,223 S7
6. Assurances issued and
paid for in cash , , , , 17,410,054 37
7. Life Assurances in
forte December 31st 19116 102,566,398 10
wito has made unusual pre -
partitions, says. towatas the end of din-
ner: "I tell John That. if he will bring
imeiple home unexp'4ltrlly to dinner,
!bey must lake just what we have.'
Guest (wishing to put her at her ease)
-"Oh. that's all right, Mrs. Bluffer; I'm
a traveller -used to roughing it now
end then. you know."
An End to Bilk)us I lendache.- Bilinus-
nese, which is caused tar exorssive bile
in the stomach, has n :narked effect up-
rn the nerves. and often manifests it-
self by severe headache. This is Ione
most distressing headache one can
have. 'There are headaches from cold.
from fever. and from other cau•ee, but
the most exerucialitag of all is the 1,,1.
tens h' daelie. 1'armelee's Vegetable
Pills will cure il--cure it ahnost iron.••
diately. 11 will disappear ns sorra as it,
Pills operate. There Ls nothing :sue r
in the treatment of bilious headache.
.% tourist was driving along a dusty
nlntl in the West of Ireland one hot
summer day. and slopped at a swan
inn for refreshment. On eking the tar-
vey if he was dry tint worthy replied :-
"Dry? Dict yer honor soy dry ' I'm so
dry That 1f ye Mopped 1110 on Ilan beck
ye'd be blinded w'ilh the dust Ilyin' out
iv me ltxouth." _
Ther. re .e were •'h,Hnate skin trnabl• than
pelt Rhenm it v,metimet hn_•r• for gars hal
' ...sir. Curate mals, .h.rt w --rt of It .4lso,
la.• t9'sa.•r's Syrup to Insure permanent erre.
Success toll -Pe is dependent upon gond health.
you are uut of sorts. ill or feeble, take
' Kerrorim." It's the Lest tonic. 81 bottles.
►II raediciun dealer*
"\\'iters was he struck by the motor-
c..r?" asked the coroner. "At the junc-
tion of the dorsal and cervical verse -
,tae
s " answered 1►0 surgeon."Will
t
y.iu ,lease point out on the map?" ask-
ed the coroner. indicating one that
Lung on the wall.
There is nothing equal . to Mother
Graves' Worm Exterminator for destroy-
ing worms. No article of its kind bus
given such satisfaction.
Ito
A+i
.ANGLE
What you spend for under-
wear buys moat real value
in 6t, comfort, service, -
only when each gar-
ment bears the
trade mark in red
that guuanteea
you s seuyar me
on
or your
money y., f•/
back.
Made in many fab.
ries and Kyles. 4
various prices. is
form -tilting Ties for
lie women, open made*
children. See theft
the PEN -ANGLE
is there - it insures
your money's worth.
rade «on(
QUEIIEC STEAMSfflP OMPANY
I MITI:D
River and Gulf of St. Lawrence
Summer Cruises in Cool Latitudes
Twin Screw Iron SS.
rowans," witn u
lectri•
lights, electric bells and all modern comforts.
BAILS FROM MONTI1V.Al.ON MONDAYS at
4 p.m. , ares and 17th June, let, ilth and 29th July,
Srd
Se tomb•r
.� Pt
h and Y
A
u i t P
. 26th
'linos
lhtg
" \.ti. call.
and fortnightly thereafter for Pict u, .
Ing at Quebec, Oasts, Mal Bay, Perce, Cape Core,
°rand River, Summerside, P.t:.L, and Charlot-
tetown, P.14.1.
BERMUDA
Summer Excursions, OS, by the Hiss Twin
Screw S.. 'Bermudian", 5,60e t ms. Baiting HI
sad iseth June, Srd, 17th and Slit July, Utlt and
filth Auguvt, 4th, 14th and 25th September, 511'
18th sod 26th 0)1,1 er, eth, 11th and 27th `!..ren•
set breezes a seldom
poled
•
her. Temperature c by
rise. ah ore 8•) degrees.
The finest trips of the season for health and
comfort. Quebec,
A11T11uu AiIE11N,Secretary, C c.
("
tlD ,!; & CO. Agents,
A. E. OUl W
tO Broadway, New York.
If every deg had his day there
wouldn't Le incttiirie but dog days.
The Standard Bank+
OF CANADA
The Thirty-second Annual Meeting of the Bank was held at the head Office on
Wednesday. the 19th instant, at 12 o'clock noun.
The chair was taken by the President, Mr. W. F. Cowan, and Mr. George P.
Fcholtleid, Demerol Manager, acted a. Secretary to the meeting. The following
Report was presented
The Director., in presenting to the Shareholders the thirty-second Annual
&'port of the Bank, have pleasure in c•Iliug attention to the satisfactory results
for the year ending Slat May, 1907.
After making the usual provision for Bad and I/nub:fel Debts, Rebate of In•
terest on unmatur,•1 Bills under discount, etc., the profit'. amount to 82)1,618.20,
being 17.82 per rent. nn the average paid-up capital of the Bank for the year Ti
thin has been added $156,142, the premium on new stock issued at 200, which, to-
gether with the balance of Profit and lose Account of 431,791.72 brought forward.
makes up the sum of 4639,551.92.
Thin amount has been appropriated as follow' :
Quarterly Dividend No. 63. paid Sept. 1st, 1906, at the rate of 11 per
Quarterly Dividend No. 64, paid Int Dec.. 1906, at the rate of 12 per cent. 40,525 54
per annum .....
Quarterly Davit's -rid No. 65, paid tot March, 1907, at the rate of 12 per
rent. per annum
Quarterly Dividend No. 66, payable lot June, 1907, at the rate of 12 46,0;9 b)
per cent. per annum ........ .......... .. ........ ,
Beduetion of Bank Premises, etc. 10.000 00
Transferred to Rest Account from premium on new stock 356,142 00
Balance carried forward to Profit and Lose Account 103,529 4S
1 56,347 S3
44,948 00
1639.551 91
During the year • second allotment of 4312,500 to shareholders of record was
made at 100 per cent. premium out of the inereaeed authorised capital
General By-laws will be euhmitted for the sanction of the Shareholders, inrlud•
Ing one changing the date of thn closing of the financial year from the Slat day
of May to the 31st day of January also a By-law authorising the Directors to
Setablish an Officers' Prnnlun Fund and to contribute annually from the funds of
the Bank in •existing this Fund.
Branches nr Suh•branche4 of the Hank Bays been established during the year at
Belleville, Band Brad, Ombra'', ('shalt. ('obourg, (Grafton, Lindsay. Ottawa. Price -
rine, Strathroy, Toronto :corner ('hart,•. and Tongs Streets', and Woodville, mak.
mg • eotel of forty-seven Branches, all in the Province of Ontario.
The Head Office and Branches of the Bank have been carefully inspected dur-
ing the year, and the dntirs of the etas have been efficiently discharged
W. F. COWAN,
Toronto. 31st May, 1907. President.
PROFIT AND
Or.
Balance brought forward
from 31.1 May, 1906
Profits for year ending 31st
May, 1907, after ded,irl,ng
expense.. Interest accrued
on deposits• rebate of in•
terrst on unmatured hills,
and making provision for
had and doubtful debts ....
Premium on new stock ........
Lola ACCOUNT.
Cr.
iDividend No. 63, paid let
131,791 72 Slept., 1906 .
rDividend No. 84, paid 1st
Der., 1906
Divndend Nn. 6S, paid int
March. 1907
IDlvidend No. 66. payable 1st
I lune, 1907
151,611 20 Written "R hank premises,
356,142 00 •tr . ..
Traneterrrd to Rest Account.
premium on new stock
Balance on Profit and i.nss
Account carried forward ...
1359,551 92
GENERAL
T,1 snit 1TlE:4.
Note* in circulation i 1,091436
Deposits hearing
intereat Includ-
ing Interest ar-
rrurd to day; .$12.786,577 50
Deposit. not hoar•
ing intere.. 1,190,009 75
--114,676,6' 7
7)(cidends unpaid -. 267
De<idend Nn. 66, payable 1st
Jtine, 19)7 .. 46.0',9
Due to agents In Ofeat Bri-
tain ...... 1 174.994
Due to other kaolin -
In Canada ... „ 99,414
In United Stases 901.674
1, 7.291,577
Capital ... 11.54e -ten et
Reserve Fond .. 1,61),426 (4
Rebate o1 interest
nn hills discount•
ed
Balance of Profit
ani Loss Aeconnt
serried forward . 175,529
47.693 73
f TATEMENT.
ABO
(4) Gold and Raver Co nRTA
Dominion Notes o legal
ten-
•Not.•s and Cheques of other
hank,
pep -sit with Dominion no..
ernm-rt for security o1 note
2i rirculatv.n
40 ihle from r,ther hanks
in Canada .
to In t muses S!atev ..,..
Dominion Government and
56 other flrst.cla•. bonds
Irans on call on Government,
40 municipal. and miser flrst-
40 -lass bond, and 4!'.,ks
69
Rill. discounted and ad) an. "5
current
Nose. and hill. overdue este
mated lne. provided for,
Bank pn•mtsea, M.'.
Real e'tate other than bank
premi•ee
46 (then assets not Included na•
- 3,134,06316 der the foregoing
120.6114,640 h
The President. In pr...rnting the Report loud Statements, salted
their elitisfaetory nature. and on motion they were aJspte,l
The usual motion. were then passed, mud the following gentlemen were el: toed
Directors for the ensuing year, ria w' 1' cr.w tn, Freden. k w•rld, W Ic A ten,
W. R. Johnston, Wellington Frans;. F W r'•,wan. and 11 Lariglot9.
At a subsequent mer:tng of the f1••nrd W. F. Cowan was reelected Pr-odsnl
snd Frederick Wyld Vice l'rr,itent. t?. P. so II411 111 1 to
?wont.), Mb June, 1907. (lc her al Manager.
$ 16,547 33
40,115 54
44,948 00
46,159 6e
10.06) 00
1)6.1:2 00
105,;:9 16
1639,5:1 72
4211,022 34
1.601,042 01
642,154 t6
50.000 F
115.370 93
1tA,S43 39
2,369,955 11
13:•,f'A 51
16.119.739 14
14.257.926 e6
27.921 61
218.'41 IS
10,000 a
12,371 11
/6965610
attention to