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Strathcona Plaindealer 1909-01-01 - 1910-12-30
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1633
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Date
1910-12-30
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1633
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FRIDAY, DECEMBER 20, 1910. ere NO RUNG ON BANKS Mayor J Doggan. Aldermen : Ward 1. Jotn Donnan and V. T. Richards. Ward 2. J. G. Tipton and R. W.) ARE KNOWN HERE Landrum. Agw: Works g, Advantageous forking of Can. Ward.8. W. G. Congdon and J. F./ 6, asa plai Pollard. Ward 4, 0, Bush and N, A. Cald- ed toes ea. K Sub-Committee of U.S. National law. as. understand, relating to. re KAVANAGH Nothing. That is entirely Subject to the judgment of each general manager. ; Under the law, ssotiation endeavor, as 8 ter of good banking, to Keep q mini mum amount of cash reserves among the banks? Yes; there is an arrangement among ourselves that a bank will keep 4 minimum of 8 per cent. in act- tal cash and 7 per cent. in readily available securities, making 15 per cent. in all; but there is no law Do you consider that sufficient. tak- ing everything into consideration? Poses to meat by teaching these Yes. THE BRANCH BANKS. Cox. Monetary Commission Reports apout it. City Auditor City Assesor J. D. Foster. Washington, Dec. 28. That Canada City Engineer A. J. MeLean. has never bad a currency panic sim- 2 Fire Dept. L. Smee. ilar to that experienced by the Unit- Chief of Police James Robinson. Patrolmen Wm. MeIntyte, O- Ait City Police Magistrate-G.F. Downes Sanitary Inspector Chiet of Pols Medical Health Officer D . S. Arch: ald. Immigration Oficer John 8, Fraser Customs OMicer T. J. Walsh. Registrar of Births, Marriages Deaths G. Thomson. Postmaster G. i. mson. BOARD OF TRADE. President R. B. Douglas. C SCHOOL BOARDS Public School Board Robert Ritchie, Dr. F. Crang, J. J. MeKenrie, John Shields, R. B. Douglas. Separate School Board J. Pol tard, W. H. Bedard, A, P. Lougb- lin, T. P. Malone, M. 9 Brien. DISTRICT. Local improvement District vo. 26, 8. 4. Councillore Div. No. 2, A. J Stannard, Chairman; Div. No. 1, J Crosswhite; Div. No. 8, M Werner; Div. No. 4, Wm. Place; Div, No. 5. A. ,G. McLeod; B. Geo; Secretary- Treasurer. Member Dominion Parllament for Strathcona J. M. Douglas. Member Provincial Parliament for Electoral District of Strathcona Hom. A. C. Rutherford, LL. D. District Court Judge H. C. Taylor. Sherif W, S. Robertson. Clerk of Court Alex. Taylor. Registrar of Land Titles Geo. Roy. Dominion Lands Agent K. W. Me- Kenzie. Homestead Inspector W. A. Robert- son, Boiler Inspector David Fraser. Coroners Dr. F. W. Crang, Dr. J. M. Hoteon. STRATHCONA CHURCHES CHURCH OF ENGLAND. Holy Trinity Church. Morning Prayer at 11 s.nr, Bvening Prayer at - pam., every Sunday. Holy Communion at 8.30 a.m. every Sunday; and at il a.m. the first Sunday in each month. Sunday School every Sunday after- noon at 3 o'clock. St. Luke's Church. Morning service, 11 a.m.; Sunday School, 3 p.m., and evening service at 7.30. ROMAN CATHOLIC. Church. Sundays : Low Mass at 8, High Mass at 10.30. Sunday School at 2.30, Evening Prayer at 7.30. Week days: Mass at 8am. Thursday evening : Prayer at 7.80. First Friday of Month: Morning Service at 8, Evening Pray- erat 7.30. Special service every evening in Oct. at 7.20. REV. FATHER JAN, Rector. PRESBYTERIAN. Diviste Worship every Sunday at 12 a.m. and 7.30 p.m. Bible School at 8 p.m. + Mid-week Service, Wednesday oven- jag at 8 o'clock. REV. J. M. MILLAR, M-A., B.D., Pastor. BAPTIST CHURCR. Lord's Day Seavices at 11 a.m, ant evening, General Prayer F TRIT the-services in the church, cor- ner Main St. and Seconh Ave. North. M sting at 8 o'clock. METHODIST. Sunday services at 11 a.m., and 7,80 p.m, Sunday School and Wible Clams at 8 p.m. Wednesday General Prayer Meeting, at 8 o'clock. Epworth League Prayer Meeting. Moaday evening at S 0'clock. REV. H. E. GORDON, B.A., Pastor, GERMAN LUTHERAN. Services Every Sunday at 10.80 a.m., asi 7.30 p.m. Sunday school at 2.30. Instruction im German and (Catechism o'clock. - 5 REV. T. HARTIG, Pastor. + GPRMAN MORAVIA pm. Sunday School Sunday after- every Saturday at 9) ed States in 1907, was one of the : many interesting facts relating to ania. Canadian banking and currency brought out last fail in the course of interviews held by 9 sub-cdmmittee of the National Monetary Commis- sion. This committee, consisting of Messrs. Vreeland, Weeks, and Bon- ynge, visited Canada for the purpose of studying at first hand the banking + ystem of the Dominion. Their in- rerviews with leading bankers have now. been published in the form of question and answer, as stenographi- cally reported, in a Volume entitled, Interviews on the Banking and Cur reney Systems of Canada. : Secretary-Treasurer Ed. T. Baines: The reasons for this freedom from panics appear in the following con- versation which took place between the committee and officials of the Bank of Nova Scotia: You may have runs upon individual banks or upon branches; doubtless have, I suppose. You never have had a. widespread currency panic as. we .a? Mr, M Leod Our people do not seem to have got the run habit. Mr. Coulson They do not scarce. One very good reason for it ap- pears here, that of taking over banks instead of permitting them to close their doors in the ordinary way and having an association and liquidating them; thetr notes-are good. thelr de- posits are secure; of course, all of those things help to preserve contid- ence of the public in your bankin system and do away with runs, but United States it would be impossible for os to run upon those lines. I mienn to have an association and keeit track of the banks and take them over and liquidate them. Mr. Coulson The Canadian tank- ing system has.never been in such stress as you have. If-we had been run upon for anything like the extent you were in 1907, we do not know where we would be. We would be simply in q universal suspension un- til we gained a head. The standing of all the. banks is such, and their securities spread from one end to the other,it would be almost impossible to create a want of confidence in them as you hold out. I On account of their mutual sup- port largely? Mr. Coulson On account of thelr strong positions with their large paid up capital and large paid-up reserve and none of the largest banks have ever had any trouble in that way. WHAT GIVES CONFIDENCE. Is it your opinion that supporting and standing by each other gives the confidence and liquidating different banks, and paying off the depositors? Mr. Coulson That all helps; and we have a large paid-up capital and paid-up reserve, and upon that the Government returns are issued from month to month and the people can use them. The Canadian system of bank-note circulation works very satisfactorily, according to opinions expressed be- fore the committee. The issue . of notes is permitted with the sole res. trictions that they shall not exceed the bank s paid up capital, and that five per cont. of the outstanding cir- culation shall be deposited in a cdm- mon redemption fund. Consequently the circulation shows great elasticity. In 1908 the total issues of the Can- edian chartered banks rose from an average circulation of 66,697,255 in July, to 83,036,763 in October, fall again to: 73,058,234 in December. The following story, told by Mr. Henry C. McLeod, formerly general of Canadian bank-note currency jnsts itself to varying conditions: In sitting here discussing this ae of my earlier experiences in banking. it was in an isolated community shipping gtain, This bank bad capital of 100,000. Under the Pro- yincial Iaw it hed the right to issue to 3 to 1 of ita capital in circule: tion. On one Saturday evening all our circulation was crist nding. Over Sunday the winter set in, harbors : froze up the vessels had to/ put to sea, loaded or partially toad- ed. By the middle of the week our circulation was much reduced; we had received exchange for the cargoes, month the circulation gone out, had paid the farmers for the grain, they had been paid by the farmer to the shopkeeper, and by the shopkeeper deposited in the bank. The shopkeepers had bought out bills Gebts abroad, and the whole opera- tion was completed. When an elastic currency is spoken of, I often think of that example of elasticity. THE MATTER OF RESERVE Canadian banking law makes no re- quirement as to the amount of the lreeerve to be held beyond the stipu- Hation that 40 per cent. of it shall be in Dominion notes. A number of the , Corman Morarien, Coarch. Se bankers interviewed expressed the day services at 10.80 a.m., and 7.80) opinion that the establishment of any in this fixed reserve such as we ba oon at B q'clock. Prayer mevting country would produce more harm Wednesday evening at o'clock. Ar- than rood, this being a matter which ST. LUKE'S CHURCH. they hold should be left to the banks That the Banking Association, to Higtiland Park. which the chartered banks practically ic , exbept om thelall belong, does, however, endeavor perv second Sunday ofeach month; when to establish a minimum reserve, Holy Communion will be edminister- eame out in the course of an inter o's. 8. at 3pm. Evening ser- view with Sir Edward Clouston, gen- Sebool at 3 p.m. Evening ser- eral manager of the Bank of Mont- real, Canada s most influential tank- Rg. inatitation. is cotbing: in the Dominion was d wn to normal. The notes had ,, Another interesting feature of Can- adian danking to which the commit- tee directed ite inquiries, was the system of branch Kanks. The actual working of the system-is described in great detail in the fterviews. Cana- dian towns, with a population not x- ceeding a thousand, often have nvt one but two or three branch banks. Inquiry as to the ainount of deposits which would justify the opening of Dranch bank brought out the follow- ing conversation between Mr. Viee- land and: Sir Edward Clouston. What amount of deposits would you consider as justifying the opening of a branch, Sir Haward? That depends, In a country like the West, where it is, growing all the time, .we have to take .a chance of not doing any business for a year. Prospects Would also enter into it largely? Yes,we have just 4 tions to open at a place where there will not be any deposits at all, but the place is a good point. It is on the bank of a river and a divisional point on a railway. What amount of deposits in a) branch would you consider, from the standpoint of the profit, justified es- tablishing it? That is a very difficult question to/ answer, because a minor branch or sub-agency might be usefal in other ways than securing deposits. If we open 9 sub-agency out in manufac- tuging district we do that very often to protect our business at the head office because otherwise the different manufacturing concerns might be making banking arrangements else ued snstrue- ence of paying their cheques close at pene eae ie eee DOLL HOLDS UP TRAFFIC. Derhape in a country the size of the) vhere, and we give them the conven- 'sxgteh; Whistle; The Graven . maa ene et For This Money You Get 156 A little girl dropped ber Christmas doll in getting out of the way of an automobile Tuesday afternoon in Mincinnati s crowded section. As to shriek, She's killed, she's killed, oh Dolly, she's dead The child's griel was uncostroilable and started the belief that a girl instead of a doll had been run over. Street cars were held up and traffic blocked in the riot of indignation of the supposed Roth, B. Lessug, A. Kern and H. iptalsty... 2t. eas some time before fe police could quell the execration The piano selections showed very inst the chaffeurs by giving infor- jmation as to the true state of the case. STRIKE STRATEGIST. A young cotton worker and his wife had been married only a few months, but it was quite apparent: to the wife that her husband's affec- tion for her was on the wane. Joho developed a tendency to stay out late at night, and now it was early morn-/ which were chiefly (hristmas carols ing, when his wife heard a violent Knocking at the door. Who's there? asked she from the bedroom window. itis me, replied Jobn meekly. 'e just come from the meeting. We have been considering the present strike. Om, have you? Well, you can sit on the doorstep and consider the present lockout was the retort. THAT SETTLED IT A one-legged Welsh orator, named Jones, was pretty successful in ban- tering an Irishman, when the latter asked him: How did you come to lose your leg? Well, said Jone Hon examining my pedigree and look ing up my descent, I found there was to some Irish blood in me, and, becom- ing convinced that it had settled in the left leg, I had it cut off at once. By the powers, said Pat, it tenager of the Bank of Nove Scotia would have been a Very good thing is - showa the way in which the ey Tt it had only settled in your head eee oe paar and the ALSO PLAYED GOAL In g certain police court an-exuber- ant foot-baller of the town was Drought up on a charge of riotous conduct. The magistrate inquired They what position the defendant beld. He's a professional football player. your worship, said counsel, Hi plays outside right for fis team. es ah. He does, does he? said the magistrate. Well, thea, we the onst change his position. He'll be left inside for the next month: DROWNING THE PIANO Did you say, asked a in who was looking for rooms, did on say spat a music tescher occup- jed the next apartment? That can ery pleasant. said she, eagerly, that's nothing, sir. The music teacher has eleven children, and they make so on London, thereby paying theit/ruch noise that, you can t bear the the piano at all. Harper's Bazaar. Catarrh Cured - BY BREATHING You breathe in Hyomei (pronounce led High-o-me) and inhale the anti septic vaporized life of the pine and leuealyptol forests. As you breathe in this delightful air it passes over the inflamed and germ-ridden mer brane, allays inflammation, kills the germs and drives out the disease. Drageist Frank Cowles sells Hyo- mei and. guarantees it for catarrh, coughs; bromcbitis, asthma and croup: A complete outfit Includes herd rubber inhaler and costs you 1.00, Bzxtts bottles of Hyomei cost The distribution of presents trom the bat 0c, By mail postpaid 0c., and 1.00 from The Booth Co., Limited. Fort Erie, Ont. Remember Hyomei is guarantesd.or the money. back if it fails you. THE STRATHCONA PLAINDEALER Iso, does the Bank- of the Alvertan foreiga schools in mat- various eastern journals, where it is mouth, it is pleasant to turn to a she dropped the doll the child began /1ar Place, very sweetly sung by Miss CHRISTMAS CON: OERT A SPLENDID 8UC- CESS. HE Year s Paper Problem Glaimed that the children, acting on the advice of parents, refuse to sing the patriotic songs, of even the Eng- lish, except during briet class recite: tions, speaking the foreign language the rest of the time in the school and together in their homes, which state Of aflairs Colonel Sam Hughes pro: children patrictiam at the cannon s foreign fchool whose teacher has auc cetded in inculcating patriotiam with out -auch strenuous aids as cannon, and in ninking the preparation for food citizenship, take a foremost place in the work of the school. The first object that struck the eye on entering the schoolroom yas th. magnificent Christmas tree, stretch ing from the Moor to the ceiling, heautifully decoratid, and laden with presents for the little ones. R. Tel- ford, M. P. P., wae the chairman, and im is opening address spoke . briefly cn what the Christmas featt- val meant for Ohristian nations and showing that Canada more truly than any of tho others, lived up to the Christian exhortation for the season * Peace on Earth, Good Will to Men. As hig audience was composed chiefly the Russian German tand- owners. who founded the original Ger- man colony in Aiberta, he referred them to the case of Federenko, re cently agitating Canadian. Courts, but whom Canada refused to help hound around the world merely be- o cause Russia wanted to deprive him s ofthe rights which were the inalien- able heritage of ali tree men; These remarks were loudly applaud- ed by the audience, whom it was easy to see had had enongh of Russian) - methods of government, Recita- tions and readings, voes and instru- mental . selections and school drills made up the program for the even- ing. The reading and recitations The One Hoss Shay ; A Life marked iby eeling and correct expres- sion, and there was little if any trace left. of the foreign accent. The voeal selections were equally gocd I'm Going to Write to Papa, by little Martha Mier; The old Famil- Newspapers Ruth Falkenbere; and Margaret Rad: Bonnie Ladie, Highland Laddie, splendidly sung by Margaret Radi apd Rally Round the Flag, and he Rider of the Plains, sung The Field of General and Local News Covered by Clubbing the Winnipeg Free Press with The .- Strathcona Plaindealer. rousing style by the Cadets, A. Bienert. careful preparation and rapid pro- gress on the part of those young ladies of Miss Hoskins piano class, who contributed, viz., Miss Rath Falkenberg, Hannah and Emma Roth, Amelia Lessing, and Amelia Zielkl. A very pretty, tableau by Mrs, Gustave Brinert, and two little tots of the scbosi Pearl Burchart and Lilly Mier, entitled The Even- ng Prayer, was one of the features of the evening. The school choruses . The Stratheon: numbers, Twi How It Figures Out The Winnipgg Free Press, 52 nambers, Onclva-Week * Plaindealer, 104 -Week and patriotic songs, were splendidly rendered, showing very clearly the great.help that musical training isin any school. A cantata for the junior pupil The. Life of Robin Red Breast, was sung by the children of the frat classes, and had for its object the inculeating of greater love for their little feathered friends. .A marching song by junior pupils was also very prettily done. *The Fairy Drill, brought in fourteen couples from the junior classes, each pair of whom as the movement of the march brought them to the front, bad to sing a song. The movements of this drill were very intricate and graceful, and it closed with the Fairy Good- night, Farewell. Deafening ap- Total paw te Wve) aA You get three papers each week, which cost you only ONE AND * ONE-THIRD CENTS PER COPY The Water Mill, was done with lribbons by seven couples of the sen- by six couples of seniors, who had to sing for them- selves throughout. These also were) very graceful and intricate. The program ended with the military) drill, taken on the platforin erected for the poyS at the head of the ball. were wearing a pretty red and j white uniform with red caps and car- rying arms and looked very smart and soldierly. School sang the Can- adign Empire Day song, The Colca inls and the Flag, and at the sec- ond choris the boys started to mark time. and then went through various military evolutions, marching, coun- termarching, forming twos and fours on the mareh, hollow square, battal- fon, ete., ending with the march past saluting the flag. The old soldiers present were loud in. their praises of the steadiness andaprecixion shown by the cadets in this drill, and long- continued applause foll wed this last number, Chairman Telford remarking that undoubtedly the Kavanagh mil- itia would make itself felt and heard if ever Canada did need the aid of ber citizen soldiers. Continuing, Mr. Telford said that when he looked back and remembered the founding of the German colony here at the time that be was postmaster of Leduc, be could hardly credit what he witness- e4 Bere to-night. In calling for vote of thanks to Miss Hoskins) (which was unanimously carried amid great applause) he said that the only word that could describe the transformation that she bed prodght about here was the word marvellous, It meant endless lab- or, but when it came in the form of pleasure to Wer young charges who Were now Canadians in speech and sentiment and a model not only for the foreign schools. but jor any Ene- lish school im the province as well. What More Can You Do With Your Money? THE PLAINDEALER GOWPANY STRATHCONA, ALBERTA Christmas tree was * then pri with avd a hearty rendering of God Save the King, brought to an end snotber delightful evening at Kavan gh z
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Image 1633 (1910-12-30), from microfilm reel 1633, (CU1766035). Courtesy of Early Alberta Newspapers Collection, Libraries and Cultural Resources Digital Collections, University of Calgary.