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The Clinton News Record, 1932-06-02, Page 3THURS., JUNE 2, 1932 THE CLINTON NEWS -RECORD KING4EWS • :olJ4ugliQar 'Conditions are not what they' might be but, thank goodness, there are not nearly so many bankrupt- cies as there are bankrupt sales. C=11 , What .degree of eminence insist a man attain before his slayer becomes an assassin instead of an ordinary murderer? New York relators protest a- • gainst civic extravagance, but we axe willing to wager that they are the very fellows who, prior to, 1930, were urging all :sorts of expenditure have :to' be elected, haven't they"! iR.eceiving a reply inthe affirmative the 'Canadian said. "Well, in Can' ada, most of our judges have to, be defeated.", Cab Many years ago, it wasthought that bleeding was good for a person, That nation• has been -discarded, but another has taken its place, viz., that it is quite a'1l'right to 'bleed the country. ems( We often wonder -if those Doukho- bots are sorry they left Russia. We upon the city council ale Celt-� The idea that judical salaries in ,Canada are too low is confined in the main to judges and lawyers. They are not so high as the incomes of some lawyers, of course, but they are high enough to attract first-rate legal talent to the bench. The sal- ary of a judge carries with it a• pension on retirement, a feature not to be disregarded. This, com- bined with a secure income that does not require to be collected or taxed, makes a judgeship the prize of the loyal profession. Once attained, however, the judge is apt to look back with magnifying glasses on the practice which he sacrificed when he ascended the bench. It becomes much larger and more lucrative—af- ter he becomes a judge. We can remember very few cases where a judge retired from the bench to re- sume private practice, and in each case the practice was financial and ornamental rather that legal. Crc=n==e) Too many have been elevated to the bench because of political ser- vice rather than because of their leg- al standing, but some of these justi- fied their appointment while only a few continued to give unnecessary additional evidence that they owed their appointment to party service It does not happen so frequently now, but in the past a good many lawyers would undertake to be can- didates in hopeless ridings and if the party was successful they were claimants for judgeships. A Buffalo attorney. visiting a Canadian city, was contrasting American institu- tions with Canadian, always to the disadvantage of the latter, but he was condescending enough at last to assent that we have a much better judicial system. To his surprise a Canadian dissented, but the Buffalo man persisted that our judieiary is vastly, superior and that Americans freely admitted it. "Let's see," said the Canadian. "Most of your judges o•=JG-= o' "The question "Who is your neigh- bor?" may be answered in this way also: The man who plants a garden just as you are starting a hennery. What's the use of worrying about what's wrong with the world. As, sums it has gone crazy and let it go at that. . In the Lindbergh case, next to the atrocity of the crime itself comes the attitude of the Am- erican daily press towards it. The crime was viewed with abhorrence, of course, but the daily newspapers acted as if they had proprietary rights in it as raw material for a saleable product which was their specialty. Hundreds of reporters, feature writers and cameramen were dispatched to the scene and, in numbers diminishing with the. wan- ing interest, they remained there, clutterng the highways and fields and roosting on the fences. Police detectives and intermediaries were trailed in their every movement. Re - posters, spurred on by their news editors, demanded to know this. that and the other thing. Col. What's His Name, chief of New Jersey pol- ice, had to give them daily confer- ences. They .submitteed interroga- tions in writing and then objected to the answers or lack of answers. If the child were alive for a few days or weeks after the abduction, which is possible, they made contact: with the kidnappers and. return of the child impossible. When the baby was found dead, the chief's first no- tion was to call them all together in the Lindbergh garage, lock the doom and give them the story. The press has often helped discover crime and apprehend criminals, but in this case it was a nuisance to the Lindb"rghtl and the police and an obstacle to the return of the child alive. BANK OF MONTREAL REPORTS vers. CONDITION OF 111 ', R 7'-'J 1 re total of current loans made to STRENGTH resnu'ncturers, farmers, merchants am ;titers, is reported et $330,572,- 388. Total Assets Are 8748,612,481, to Meet Payment of Liabilities to the Public of 5072,310,882, Leaving An Excess of Assets of 870,301,599 — Holdings of Government and Other Bonds, 8228,901,1.10: The semi-annual statement of the Bank of Montreal, as of April 30th, makes a very strong exhibit. The outstanding features are repre- sented by an increase in the holdings of gilt-edged securities, a gain in liquid assets to an am.cunt equal to pared with 92,^.71,753.71 for the tor - 57.34 per cent. of liabilities to the public -{evidence that the bank is in responding period last year. The pro- position to meet any increase in fits were distributed as follows: div- atha requirements of its many cus-idencle, 92,160,000.00; provision for tomers, clipped the hiving of a swarm is an easy clipped. While the swarm is still. in the air search tor the queen in front of the hive entrance • and when found place her in small box or cage. Itnmediately move the old hive • . from its stand and in its place put a now hivo fitted with drawn combs or foundation. The swarm will soon return and as the first' bees enter the new hive re- lease the queen' amongst . them. Now put a queen excluder over the. new hive and above it place the sup- ers from the old hive; the swarm will then go to work as though nothing had. happened. All ,beekeepers do not clip their queens' wings, and where this is not done the queen leaves with the, swarm.. -When the low them home. smisammdiamirkiseo PAGE 4ueen is with a swarm it usually clusters on ,some nearby object for a few hours and thus is easily.,ca'p- tured. First prepare a hive with drawn comb or foundation, and then if the object on which the swarm• has clustered is movable it can be carried to the hive and the bees shaken down in front of it when' they. will quickly enter the. hive. If, how- ever, the cluster cannot be carried to the hive, carry thehive to it and place it 011 the ground so that the, entrance is beneath the swarm.' Now sharply shake or brush the bees down ,in front of the hive,' moving the hive up close to the fallen bees where they will ,soon find the en;` tranceand signal the 'others to fol, Sapp s h gs in the Countli a , (. East icL. Deposits have held up remarkably well' under prevailing conditions, Total deposits are reported at 9626,- 701.081. Total assets of 5748,612,481 are available to meet payment of liabili- ties to the public of 9672,310,882, which loaves an excess of assets over these liabilities of 476,301,599, Profit and Loss Account The profits for the six months amounted to $2.589,292.70 as corn - EXETER: An Exeter old boy in I the Horticultural Society held its the person of Martin W. Johns has annual tulip show . and tea at the just been granted the degree of home of the secretary of the Sec Bachelor of Arts by the McMaster iety, Mrs. G. M. Chambers. This University at Hamilton, Ontario, commodious home with rooms all after a distinguished academic car- thrown open was a bower of beauty eer. Martin is a' son of Professor with the magnificent display of tul- ancl Mrs. A. E. Johns, formerly of ips and other flowers. Tea was Exeter, who spent two terms in West China as missionaries and are now on the staff of the McMaster Univer- sity. Martin's primary education was obtained at Ohengtu, West Chin- a, in the school for missionaries chit., dren. His three years of High School were spent in four different schools, one year at Exeter. Though Martin is only nineteen years of age he has been appointed ]abratery assistant in the Physics department at Mc- Master for the next Academic year, has been erected among the flower —The Times -,Advocate. beds. The grounds at Memorial Hall have also been planted with shrubs and plants which will add to the ap- pearance of the grounds as the sum- mer advances. The statement, in • easily under- standable forth, appears elsewhere in this issue and affords an •oppor- tunity of obtaining a corprehensivq view of the Bank's strong position. Total assets are reported at 8748,- 612,481, •com'pared with 8786,807,700 a year ago. Of this amount quickly available, or liquid, assets are 8385,- 483,225. Included among these liquid assets is cash in vaults and in Cen- tral Gold Reserve amounting to .$74,- 491,119, equal to 11.67% of public liabilities. Increase in Bond Holdings The most important change in liquid assets is represented by an increase in government and other bonds and debentures to a total of 9228,901,146. These are recognized as gilt-edged securities, the greater portion of which mature at early dates. Included among them are Dominion and Provincial government securities of a value of 5174,780,246, up from 5149,229,626 a year ago. Call loans ,outside of Canada are $20,262,- 324 and are secured by bonds, stooks, and other negotiable securities of grater" value than the loans and re- present moneysquicldyavailable without any disturbing effect on eon, in Canada. ]tions d Call loans in Canada seemed by tice is followed in the Experimental bonds and stocks of greater value et apiary on the Central Experimental current quotations than the loans Farm at Ottawa and the following stand at 95,645,610, as ooanjpared with methods are used in hiving any 911,347,487 at the same date 'last swarms. When a queen's wings are taxes Dominion Government, 8228,- 816.28 and reservation for bank premises, 8100.000.00, leaving a bal- ance of 8100,976.42. This when ad- ded to the balance carried forward at the end of the fiseai year brought the total at the credit of profit and loss to $1,204,403.337. CAPTURE 'EM QUICK HOW TO CAPTURE AND RIVE A SWARM OF BEES served frons small tables prettily de- corated. Tho band was in attendance and provided excellent music. The Horticultural Society with Mrs. D. 11'McCalluni as president is to be com- mended on the splendid work accom- plished in town. The street corners) with tulips in full bloom, are beauti- ful just now. The old cemetery on Dinsley street has been made one ,of the beauty spots of town. This spring an attractive rustic. summer house DUNGANNON: The death is an- nounced at Rocanville, Sask., of a former well-known resident of Dun- gannon, in the person of Alexander M. Walker. The late Mr. Walker, who was 85 years of age, was a son of the late Mr. and Mrs. James Wal- ker, who for -many years resided (11` a farm on concession 4, West Wiawa- nosh, just east of Dungannon. He was born in Cumber, Ireland, com- ing to Canada with his parents when quite young. Ile left Dungannon GODERICII: The Goderich 'Bap- tist church was bright with beauti' fully arranged flowers for the anni- versary services held on Sunday when large congregations were present. Rev. A. J. Vining, D.D., was the special preacher and the choir were ably assisted by a quartette from Stratford Baptist church. The choir fifty years ago when he went 'west, under the direction of Mrs. Robert settling at Ferndale and living lat. Wilson, the brgenist, sang two well er at Welwyn. His widow, to whom rendered anthems. Rev. W. T. Bunt, he was married in 1907, was Miss Pastor of the church conducted the Caroline Blake, Goderich, anct he services. At the morning service"- is ervice= is also survived by three brothers, Jaynes, Rccanvilio, George, Gorrie, and Harry T. Welker, Brussels. AS1-IFIELD: Members of the Wo- men's Institutes of West Hu on are with dauntless courage in the face of looking forward with much interest danger, and firm in his to the district annual meeting which awry con- victions. "Poets and others have is to be held at Belgrave on -June 7. sung of the character and exploits of Daniel," declared the speaker, who de- GODREICII: Widespread regret plos•ed the fact that the hymn "Dare will bo felt by the citizens of Gede- to be a Daniel," is so seldom sung rieh and vicinity on the death of Mise now'. LouisaTrainer, which occurred in . Chicago on Saturday. Mise Trainer CREDITON: All business places had been in poor health for sense Hine and last spring had been a pat- in Crediton were close:] Monday af- ient in the hospital at Chary, N.Y., ternoon cut of respect for Otto E- but had evidently recovered ruffle- weld, popular business ratan of the iently to visit Chicago, where site village, -whose funeral took place, passed away. Miss Trainer will long The deceased had been ill for about be remembered in Goderich for her six weeks and last Friday was talc, many philanthropic guts, perhaps en to London for treatment, but .lied the -tart noteworthy one borne an there on ,Saturday. He was 38 years endowment fund of 810.000 to the of age and was born in the village, board of the Alexandra Marine and his parents being the late August General Hospital, in memory of het and Maria Ewald, beceased had sister, and to be known as the "Ma- been -tarried only two months ago, tilde Trainer Trust," the interest to his' wife having been formerly Mabel bo used to care for indigent patients. Farrier, of Crediton. He is also sur - Iles first gift to the hospital was 'lived by two brothers, Charles, of the handsome grandfather's cloalt I Akron, Ohio, and Ezra, of Kitehen- which stands at thb head of the er; three .sisters, Bertha, of Credi- ton; Mrs, Telfer, of London, and Mrs. Redfern, of Kitchener. The pallbear- ers were his brothers, Charles and Dr. Vining preached from Daniel, chap. 1, verse 8; his subject being: "A Hero ,of Long Ago" Ito pictured the life of Daniel in vivid terms, who ever pressed onward and upward in the pursuit of Itis (deals, standing meeting', will be held,. in the dancing. pavilion, at the lake front. About (i0(l nlerebers are expected to be• Pre- sent. The 'degree'wo k will be' exe'rn- plified by the . well-known, London degree teats. A GOOD-NATURED PRINCE %When. George. V. was the 'Prince of Walesi and in 'active .service in the Royal Navy, he -4es at Malta when .a "P. &' O" steamship came into port. ItMwas. arranged that His Royal Highness should visit the steamship. But asthe stay was to be brief, the captain, and his men were so busy that there was no time to waste in waiting about for .the Prince, so the captain sent for his first officer. "As . soon as you see the Prince' cathing off," he ,said, "man the yards at once and send for in the cab- in," Shortly after the captain's quick ears heard' a boat alongside, and he hurried on deck just in time to hear, in the disgusted tones of the young officer: "I say, when is that Prince chap corning? I wish he'd look sharp. I've work to do, and I'm jolly well tired of hanging around." "Awfully sorry" replied an amused voice, which the horrified captain re - "A swarm 'of bees in May is worth a load of hay, A swarm of bees in Jute is worth a silver 'spoon, • A swarm of bees in July is not worth the fly." A swarm of bees represents the working force of a ,colony and therefore is a valuable thing to capture and hive, especially if it is a prime or first swarm and emerges early in the season. When a swarm, leaves its' hive the queen of the col; ony 'goes with it, otherwise the swarm soon returns to its former home and' because' of that fact, many beekeepers follow the practice of clipping their queens' wings before the' ,swarnvng'. 'season 'starts, in or- der to prevent. the etcape of swarms later in the 'season. The same r s 1 prat - stairs, and was given in memory of two old friends, Mks. W. T. Hays and Mrs. Mary Morris. The endowment fund of the Maple Leaf Chapter, I. Ezra, Erwin Fahrner, of Kitchener; Roy Finkbeiner, Emery Fahrner and Everitt Fahrner, of Crediton. The officiating clergyman was Rev. W. M. Sippell, pastor of the Evangelical church, and interment was made in the Crediton Cemetery. O.D.E., was also enriched by a gen- erous donation from Miss Trainer. W.ROXETER: The funeral was held Thursday from his home in Grey Township of George McDonald. He was '72 years of age and one of the pioneer's of this, district. He had been in failing health for a year. Deceased is survived by his wife and three sons, Robert, Vernon and Clifton. A son, Gordon, was accidentally killed a few years ago. Interment was made in Molesworth Cemetery. SEAFORTH: The'property known as the Case block has been sold to 1Vlr. MacKenzie, of Georgetown, who intends building an addition and con- verting it into ; a talkie theatre. After completion it Will be occupied by Mr. Sutherland, who owns the St. Marys and Goderich. theatres. The work .of construction will start about the beginning of July, and it is expected that the theatre will be finished and opened by September 1, GOD''ERICH: Mr. Alf, Tebbutt who has been in partnership with his son in the hardware business. in Goderlteh for some years, has With, drawn from the business, which will be continued by his son. cognized as that of the Prince," 'but I carne -off as quicklyy as `I. could, as I knew you'd want to man the yards or srething of that kind, ' As I'm a sailor myself, I ,know what a bore that is when•, you're' coaling ship. SCIENTISTS OF EMPIRE TO STUDY NORTHERN PHENOMENA, Visiting Canada for the purpose of stuld!ying meteorological and geo- graphical problems of high latitudes, the British' Polar Year Expedition of six members, 'led by J. M. Stagg ,of the British Meteorological Office will arrive in, Canada shortly and will spend several months .in 'camp near Fort Rae, Northwest Territories.' Mr, Stagg, leader of the party,. together with S. Stephenson;" have already nee -lied. Montreal and they will be followed shortly by Messrs. P. A. Sheperd, W. R. Morgans, ' W. A. Grinstead and J. L. Kennedy. Sever, al tons sof scientific instruments and. supplies have already reached Can- ada and have been forwarded west- ' ward. The meinjberc of the British party, disembarking at Montreal, will travel westward via Ottawa ov- er Canadian National Railways to Edmonton and thence by rail to Wet. erways, Alta., from where they will complete their bytrip,canoe and ,o-th P .er means. Fifty years ago, 'parties of geole- gists' were stationed along the north- ern part of Canada for a period of a. bent 'one year, raking observations Of weather .conditions: .This year is another Polar year and' parties con- sisting each of four or six men are being .seninorth in Canada. Cana- dian, groups will be at C e tei1ed: on the Hudson's Bay and at the rnoeith of the Copperm'ine River. The third g'roup,now en route to 'Canada, will be the. British group located at Fort Rae in the Greet 'Slave Lake area. ' The aim 'is to study meteorology, terrestrial magnetism, aurora and. atmospheric electricity and, by co -- relating the data from all stations to ebtain a synoptic view pf ;these. various fields through the period of' one year from August 1982. This is' expected to provide valuable insight into the phenomena as they occur iter highlatitudes and into general prob- lems which have presented themseI- ves in these subjects in all latitudes. "Look, papa, Abie's cold is cured' and we: got left yet a half box of cough -drops." Oo,vot extravagance! Tell- Herman to go ,and get his feet, wet." • - There's something in the adver- tisements today to interest you. Read'! them. GODERECH: Miss Phoebe Ansi ;Ashton, aged 71, died at London on Sunday after a lentghy illness. The body was brought to Goderieh for in- terment, the funeral taking place on Tuesday afternoon from the resi- donee of her =sister, Mrs. Joseph Baechler, Paris street. Miss Ashton was born in Colborne Township, of English parents, and lived there prac- tically all her lifetime. Besides Mrs. Baechler, another sister, Mrs. James Jewell, of Goderieh, survives; also two brothers, John Ashton, of Tuck- erstnith 'Township, and George Ash- ton of Goderich Township. - Deceased was a member of the linked Church. and Rev. F. Wi. Oraik eonducted the Altera] services. GODERSiOlT:' The Canadian 'Order of Foresters throughout the county intend holding a ibig celebration in Goderich on the evening of June 14 which will take the form of . a mon- ster onyster street parade followed by inti- ion of ,possibly one hundred can - BLYTH: On Friday afternoon didates from all parts of Huron. The Established 1817 elf presentation, in easily understandable form, of the Bank's SEMIANNUAL STATEMENT 30th April, 1932 LIABILITIES LIABILITIES TO THE PUBLIC Deposits $626,701,081.70 Payable on demand and after notice. Notes of the Bank in Circulation 35,143,569.00 Payable on demand. 243,816.18 Bilis Payable . Drafts issued and outstanding. Letters of Credit Outstanding Financial responsibilities m,dertaken on behalf of customers for com, mcrcial transactions (see offsetting amount lx] in "Resources'). • Other Liabilities . • • . • Items which do not come under the foregoing headings. Total Liabilities to the Public $672,310,882.08 LIABILITIES TO THE SHAREHOLDERS Capital, Surplus and Undivided Profits & Reserves for Dividends This amount represents the shareholders' interest in the Bank, over which liabilities to the public take precedence. Total Liabilities , 8,478,952.18 1,743,463.02 RESOURCES To meet the foregoing Liabilities the Bank has Cash in its Vaults and in the Central Gold Reserves Notes of and Cheques on Other Banks Payable in cash on presentation. Money on Deposit with Other Banks Available on demand or at short notice. Government & Other Bonds and Debentures' Gilt•edgc Securities the greater portion of which matures at early dates Stocks 76,301,599.13 $748,612,481.21 • 78,491,119.01 23,808,742.70 • 27,639,150.51 . 228,901,146.79 601,473.59 Railway and Industrial and other stocks. Call Loans eutside of Canada .• 20,262,324.55 Saenred by bonds, stocks and other negotiable securities o greater value than the loans and representing moneys quickly available with no disturbing effect 011 conditions in Canada. Call Loans in Canada . . . . . • 5,645,610.62 Payable on demand and secured by bonds and stocks of greater value at current quotations that the loans. Bankers' Acceptances 133,657.89 Prime drafts accepted by other banks. TOTAL OF QUICKLY AVAILABLE RESOURCES . $385,483,225.66 (equal to 57.34% of all Liabilities to the Public) Other Loans • . . . . . 336,572,388.83 To manufacturers, farmers, merchants and others, on conditions con- sistent with sound banking. Bank Premises . . 14,500,000.00 Three properties only are carried in the names of holding companies; the stock and bonds of these companies are entirely owned by the Bank and appear on .the books at $t,00 in each case. All other of the Bank's premises, the value of which largely exceeds $s4,,00,000, ap pear under this heading. Real Estate and Mortgages on Real Estate 1,775,736.03 Acquired in the course of the Bank's business and in process of being realized upon. x Customers' Liability under Letters of Credit . 8,478,952.18 Represents liabilities of customers on account of Letters of Credit issued by the Bank for their account, Other Assets not included in the Foregoing . ▪ 1;802,178.46 Making Total Assets of ▪ $748,612,481.21 to meet payment of Liabilities' to the Public of 672,310,882.08 leaving an excess of 'Assets over Liabilities to the Public of $ 76,301,599.13 ff PROFIT and LOSS Profits for the half year ending 3oth April, 1932 . Dividends paid or payable to Shareholders . Provision foe Taxes, Dominion Government . Reservation fqr Bank Premises . ACCOUNT $2689,292.70 . • $2,160,000.00 228,306.28 100,000.00 Balance of Profit and' Loss Account, 3110 October, 0931 Balance of Profit and. Loss carred forward . . The strength of a bank is determined by its history, its policy,; its management has ices: For 214 , years the Bank o Montreal m its .eros}• and the extent f been in the forefront of Canadian inane. • 3,488,3:6.28 $.0,30,976.42 2403,426.95 $1,204.403.37