100

Date 1912-01-18

From 100

fie near future. any. + yon seen Richardson? -I saw him, a el ff, Monday; for-a few hours visit) on me I apologise. How about it Mr. Fartiters of Alferta Association. tng-performed bya Roman Catholic Drove in t other day don t-cher-know BOWELL PRRRRRREEEEREREIEEEE Bowell, Jan. 18. Roy Auger's smile was good to look at when he came to town on Thursday last, pouncing girl born Sunday the 7th, mother and daughter doing well, John Ellis drove to Glenma gt; Thurs- day last returniig-on Friday. Mr. Foss was Medicine Hat vis - yvening. Se sackae visited Medicine Hat Wednesday, returning with Mr. Jackson on Thursday. Dau -Stattery has accepted a posl- tion ith Geotf Johnston and left for THE ANNUAL MEET The forty-fifth Annual Meeting the Shareholders of The Canadl Bank of Commerce was held in 12 o'clock: A-EreRt having taken the chair, Mr. A. St . cern, ae fase apa pack to his The President call d Upon the 4 Thursday. Secretary to read the Annual report Tee Madersby cams tn from the of the Directors, as) faliowsl, took the even- REPORT. Wednesday aid arate the Hat He met with a painful accident on the road, but if no complications set-in, he will be ak right yet. Bob. bang, head-on, ton-Calgary chinook, hh 7 The Directors to present to November, 1911, with usual statement of ities: z The balance at credit of S Profit and Loss Ac- count, brought for- ward from last year, WES oye cee ose The net profits for the year ending 80th Nov- ember, after providing for all bad and doubt- ful debts, amounted tH ekg sees: Sa see ens Amount recovered from over-appropriations in connection with assets now realized, includ ing the 350,000 a) pearing in the stat 3 of Bist May, LIM oss oss eke Sas Premium on New Stock together Assets the only Bob, ran smash, into the last Edmon- and sure got Robert Thomson hauled a load of feed to the -cHiff-Saturday. Jack Frost has ben holding bis an-)- nual round-up and for the past few days has ben branding. What we have seen, and -heard, of his operat- fons, shows he is extremely careless his weapon of torture. Olsen's feed mil tarot ding dollars ou eT iisce came from the Hat Saturday to transact business and friendships. Mark has a Thi has been appropriated, renew lows: rarm spot in his big heart for Bo- Divigends Nos. 96, 97. well, and will likely locate here in 98, and 99,'at Ten per cent. per an- Wanted 48. subscribers for the The Canadian Bank REPORT OF THE PROCEEDINGS Tuesday, 9th January, 1912 banking house on Tuesday, 9th Janu- ing the venture in tis new field, we many held in reserve the whole of the pro- and othets were present. Trigge was appointed to act as Secre tary, and Menart Edward Cronyn and H. L. Watt were appointed scrutin- Shareholders the forty-fifth Annual Report, covering the year ending 30th and LiBHl- 310,204.08 2,806,408.43 820.0090, and have added 866.0: 1,057,218.59) of Commerce OF ING OF SHAREHOLDERS of) istration of our business in the Yukon an Territory carried on at the Dawaon the Branch and begun tn 1898, because the dangers and difficulties au fits made at this branch, awaiting the outcome of the business in that: dis- trict. Secondly, in purchasing the as 1. sets of the Bank of British Columbia in 1900, wo found a considerable quan- tty of Teal estate, in valuing. which we. made-large compared with the figures at which Such assets stood In the bocks of the selling bank. There hasbeen, as you know,.a very large merease In. the value of real estate in British Cotum- bla, owing to the extraordinary devel- opment of that Province, and through sales of such real estate and through the Liquidation of most of the import- fant assets in the Yukon Territory, we are warrdhted in transferring to the Profita so much of these re- werves as are represented by the two amounts referred to. We recommended the payment of dividends at the rate of ten: per cent. Per annum, and in this connection 1,- 057,218.59 has been disbursed. Our p for the erection of suitable premises, particularly in th West, and the necessity for increas- ing our equipment of this character throughout the country, make: it tm- erative to continue the appropriation of large sums for this purpose. We are hopeful that with the completion of the Winnipeg office extraordinary ex- penditures may be curtailed, but we must Keep pace with the requirements of a growing business, and our com- the: the are considerable In the aggregate. We have written off Bank Premises 400, 1 to the account, which now stands at 3,142,- 487.82, Fepresenting wdout 48 per cent. of the value of our. properties. The resolution passed at the last annual meetitig authorized the contribution of a sum not exceeding 100 per an- num per member of the Pension Fund, and we have appropriated 55,000 for this purpose. We are pleased to re- the front T eee 400,000.00 port that after- these News, It you some to te 9 Transferred to Pen- Priaulons 1,400,000 has been tranater will be allotted another -two ion Fund - (annual Fed to Rest Account, in addition t Gas. contribution)... 55,000.00) 1,357,820 received as premium on Allan Bilis spent Sgturday, and : seauaaiees eu See eS Soe el. Transferred to Rest... 1,400,000.09 . eresting to note the course Sunday at Die nome ot supplice were Transferred to. Rest of the Bank's circulation during the A. goodly amount of supp premium on . new period under review. Our last report taken out of Bowell Saturday, teams stock ... .c- s+. 1,857,820.00) Showed 10,222,953 outstanding; dur- si ace ta. -Eivity ing the succeeding months there were trom every directic 2,767,820,00 important fluctuations, the highest ur-own town adds dollar spent in yo Balance carried for- a pereentye of value to your pro- ward wm ee. 208,394.89 perty: It ts up to the home merch- 34,473,493.48, ant to get your home trade. Give him oy st ctnicanaidytayoarefel reswalu a chanes to make good. Inctease his ation of ail the assets of the Bank trade; will help him, and will help you too. Get double action on your money. 4 J. Delinks took one of those fre- quent trips to Suffield Sunday even- ing. D. Chatterton from the Hat was a Bowell visitor between trains Satur- ful As made known your Directors decided to issue, at premium of 30 per cent., 2,000,000 tne 9,000,000 new stock authorized January, 1908. At the closing of 1 up. nestion have. been completed the pas Mis Vance spent Saturday in Medi- cine Hat At the annual school meeting held Monday aternoon, the usual reports Wwere-submitted and accepted. Mr. Charles Richardson's term as trustee expired on that date, When the meet- jpg was eft. open for. nominations: 000. a The following branch opened dur year: in the No Dufferin (Toronto); atchewan Bengough, Radville, West ror, Nutana, si Ssskatoon), Tilley, Willow Bunch; to aiberts Beaver Lodg , Mount/ Ro: eb hardson Grovard: und Mr. A. C. Gillies. were nominated. Mr. Richardson declined the nomination; and as there: was no further nominat- fons Mr. Gillies was declared elected. Norman Jackson got up agains that last Edmonton chinook suffering the usual change of features. Talk. about suddeh changes. Have and Brooking and Tilley, Saskat opened at Poweil Street, BC. The various offices of the Bank Canada, the but it was a good five minutes before I knew it. While the recent cold snap. was responsible, it was through tangling up with sissors, knives, raz- ors, oycles etc., al in his own hands, that did the,-shall we. say damage?, Another case of, didn t know St was loaded. Sam Kemp and drove to the Hat, Monday. Melvin Rindahl eame up from Red- the-year. Your. Directors: wish again to press their appreciation of the ficlency and zeal with which the form their respective duties. Toronto, th-January, 1912. Johnnie Beattle . Manager to addr ss the General Manager's Address. The Genetal Manager then sai with friends: Tani hor prepared to say. whethe through my carelessness or through ao qyersight on-the part.of the printers, r tying to know. that our predictii re business, when last.w of addressing . you, confirmed, and we have We feel sure Will be regarded 4s 7 Coulthard as vice-president. If its Ed. Note We guess its up to us to apologise, , What will it be boys? -young man from the country O wage : able assurance of safety. 05, and the the year was 10,581, profits were 2,905,4 item showing cz yal very careful reval When the bolt he had got, fee ae eure Of his Friskies he thought, But turned back from bis door with grin, For the bolt that he'd bought, He now needed not, His Friskies had made one for him. Mr, J. Slattery left for on Sunday, going as a delegate to th annua) convention of the United doubtful debts. 30th November, 1909, It Was recor: ously been made. We direct your tion to the announcement in imilarly recovered. We believe have always given us credit: for ing conservative and careful in administration of your affairs, and polley of making ampte provision doubtful assets might well, over series of years, result in recoveries. The recoveries now re red to, however, come mainly f ONE WITNESS ENOUGH SAYS rc TRISH JUDGE Dublin, Jan 18 An interesting case im which the marriage law of Treland prevailed over -that of the Roman Catholic Church reached its fins siege to-day In the matrimonial court here when judgment was given Usher vs. Usher. This was 2 case whee Usher, a well-to-do: Galway landlord had heen married late one injght tn a bedroom, the ceremony be- bindmg. In delivering Judgm tho marriage was Invalid in the of the church yet-it was capable being validated at any time however, already absolutely valid cording to the. marriage laws of I priest and one witness being pre- mont, (Was asked-that the marfiage but that Inw was repealed in 18 be declared invalid as it did not The petition for annutment of eonform with the Iw of the church. marringe was therefore dis rr within the previous twelve mont has been made and all bad and doubt- jebts have been fully provided for. to you in May last, books 1,861,550 of this amount had been subscribed afd 1,697,275 paid When the payments In this con- West Territoriee The Pas; in Sask- issues Biggar, Brier- crest, Brooking, Cudworth,-sdam, Mii in /Bricist Porcupine, Ontario; Durvan, Manitoba, ewan, have been closed. Since the close of the year a branch has been Vancouver, United States, Great Britain, and Mexico, and the depart- ments of the Head Office tive been thoroughly inspected us usual during pank possessed of sufficient ficers pf the Bank continue to per- B. BE. WALKER, President. In moving the adoption of the Re- port, the President asked the General sharehold- In presonting you with our report for the year just closed, it is grati- egarding the probable course of our x had the honor ve been fully great pleas- ting a statement whielr The average paid-up. capital during the latter an increase of 467,- tlon of our-entire assets, ample pro- vision having been made for bad and In our report for the year ending that we had recovered 300000 from the realization of assets In connection with which appropriations had previ- ear g report that 500,000 has been important But the judge held it to be valid and Mr. Justice Kenny sald that thougl It wae ing in September was 10,342,000, and but for the issue of new stock we should have had difficulty in keeping within the limits ot the law, and, as it was, we had unusual difficulty in meeting the demands on us Yor cur- rency. In October we exceeded the amount authorized under ordinary con- ditions, and had recourse to the pro- visions of the Bank Act amendment of 1908. At the close of November we reported notes in circulation amount 2 of in he a up capital of the Bank wi-stend. at fn re ert sags 12,000,000, and the Rest at 10,000, Sto SIF. O0 4 BAS This. Deine at4 the except under es have been sions. There Is a neal In Ontario large increase of the amount of cir- Porcupine, South Porcupine, Bloor and culal seem le u6-perlod for emergency should be extended to include the months of September and Febru- ary. In connection with this sugges: tion it should be noted that because of the great development of busi it 1 altogether likely that we shall Tency stringency i spring and summer months. This matter should immediate actlon- should be taken to guard against the possibility of such an occurrence. The augmentation of capital by the banks is of course the first remedy to be appiled, but this is of necessity a slow process and would scarcely keep pace with requirements. We venture to hope that during the iscussion of the Bank Act means will be found to enable any Canadian ide in yal ch* to be able always to pay out its own notes across the counter without re- sorting to other forms of currency. During the year our deposits were increased. by 19,131,480, showing a handsome growth, although we re: Notes of the Bank in circulation . Deposits not bearing interest. 3 (Deposits bearing Interest, including Tyecrued to tate .... 0s Balances due to other Banks in Canad: ons ore Dividends unpaid ......-. .- Dividend: No. 99, payable 1st Decem of Capital paid up. Balance of Profit and forward ... Lees Account net Coin and Bulli n ....+. Lett his team all alone, 21ia6 ay compared with, 9ur lant re- Dominion Notes :.0..-+ + gt; moun per cent E Tied to moving ozone, Perthe capital employed. It 1s proper Balances due by Agents in the United King- . While Re went to the remark that thiraetistactory sHOW - dom and Bauks-tforetgn countries 6,982,375 8 ing was the result of our operations palances due by Banks in Canada 6.854 59 lua- Notes of and Checks on other Banks Call and Short Loans in Canada ..... ded Deposit with the Dominion Gov. efrculation at this een Overdue Debts (loss fully provided foi eu Real Estate (other than Bank Premis the Mortgages ........ . secbat the Bank Premises for Other Assets a fer- rom vo sources. During the entire admin- with costs The judge found mon law or chureh Yaw aullitying-a marriage between two Roman Catho- lies by a Roman Catholic priest be- cause of the absence of witnesses, except the decree of the Council of Trent-which had-no-effect. The re- ent nothing in com- yes of ac- re land. It was true that it would have/ quit of -grantina the petition would been invalid by penal law: up to 187 /nave been to make the child Megtti- because Usher bad been a Protestant mate, but this was the precise posi '8, tion in the eyes of the Church. 70, he ed Subscribe NOW for Th The Dafly New: GENERAL STATEMENT 30th November, 1911 LIABILITIES. Balances due to Agents in the United King- jo iid Banks in foreign countries .....,, ASSETS Call and Short Loans In the United States - Government Bonds, -Municipal,and other-Securi ernment for Other Current Loaris and Discounts .... MEDICINE HAL colved under this head large amounts which are held temporarily end will be withdrawn in the near future. Our branches in. the West contributed handeome addition to our deposit ace count. On the other aide of the bat- Jance sheet, current loans and dis- count show. an increase of 19,757.71 jas compared with last year's report, Jand our investments in Government bonds, munjctpal and other securities were increased by 2.616.826, Cash Fosourves increased 8,390.979. We look into the future from th Vantage ground of u successful year's business, and We have reason to hope or a continuance of prosperity so far jas Canhda fs concerned, and as a bank. we shall expect to share in the general good. The steady and persistent de- mand for money for legitimate pur- poses should keep our: funda fully em Dloyed for some time to come. There Will doubtless, as usual, be adverse in- fluences at work, but at the moment there is no apparent cause for a feel- ing of naion. The noticeable improvement in trade conditions in the United States encourages ua to think our nelghbours will amerge rom 18 period of depression the eve of Presidential election. shall probably gee easier conditions fi Great Britain after the year s accounts have Deen settled. This ts important ard. desirable when we consider large amounts of Canadian securitien awaiting -fayorable market, We look forward confidently to the duties and responsibilities of the com- ing year, and. trust you will not be disappointed with our efforts to ren- der you good service. President's Address. he president then spoke in part follows: your ume merely to review some those features of the prosperity of country, with: most of which you already As you all know, year has been a momentous one for Canada. in directions which cannot be discussed bere, but on the purely busi- ness side it has demonstrated in an eral progress of such a large area as Canada is likely to be accompanied by untoward as well as fortunate events The totals of our imports and ex- ports for the fiscal year of the Dor minion, ending March, 1911, are again record figures. Our imports . were 472,194,000 and our exports 297,- 196,000, the balance against us being the large sum of 174,998,000, not far from the balances of any two previous: years put together. The total trad was 769,390,000, against 693, 000. year ago. The significant fact, how- ever, is that while our imports in. creased 80,391,000 our exports de- clined 4,162,000. This ts, of course, principally due to very free imports in anticipation of the present large cereal crop; to the-increase in ratlroad construction and public and private built and to er immigration, the value of such settlers effects as are a appearing as imports. It is also partly due to somewhat jarger imports of gold bullion and silver. For the first six months, end- ing September, XSii, of the current liscal year, the figures are even arore striking, the imports being 266,487,000 and the exports 865,000, the bal- ance against us for the six months being 124,522,000 as against 4, 404,000 for the corresponding period in 191 imports for the half- year in 1911 include, however, an in lt; crease of about 7,500,000 in gold coin. An examination of the items of tm- ports and exports in the trade returns: will suggest many explanations for the respective increases and decreases, but) the fact remains that we must enlarge the volume of products we have to export and elther lessen our imports by curtailment of expenditure or by Manufacturing at home many of the articles we . buy Jabroad, . es from. the United tates. Our trade with that country, always one-1 is growing more so. Dyring the fiscal year ending March, 1911, we bought from them 293,403.000 and sold them 119,203,000, leaving a balance in their fayor to be paid in cash of 174,200,000,, over 50,000,000 more than in any pre- vious year. In 1901 our total trade yeurs it has grown to 412,606,000 or an increase of 115 per cent. The part we have to pay in cash has, however, grown from 46,924,000 to 174,200,000, an increase of 271 per cent. Our trade with Great Britain makes the worst showing for many years. The imports have grown to 110,890,000 while the exports have fallen to 137,158,00 leaving a balance in our favor of only 26,768,000, much, emailer gum then any of the lax ten years. In spite of the decrease oy: exports are still the largest for any. year except the previous one, but the. volume of m- ports is much ereater than ever be- fore. It is -uscless fo repeat argu- ments often advanced. in other years. Few nations such an aliuring future and few can afford to mortgage 12,004,649 63 i 41,288,032 95 rest inter 104,677,701; 81- 145,965,734 76 - 196,618 80 2,273,529 13 160,440,532 37 28,021 47 288,940 00 . 11,697,276 9,757,820 00 203,394 89 21,658,489 89 82,389,083 73 10,736,214 65 15,093,480-00- 25,829,694 55 7,526,242 58 14,515,472 99 6,604,716 44 8,420,602 63 ites. curity of Note 475,000 00 67.286.578 62 999.611 31 293,240 138,061 347,091 3,142,487 82 82,913 53 182,389.983 73 ALEXANDER LAIRD, General Manager, Fy e8) ee 35 4 TO REFORM GRAIN EXCHANGE METHODS Special to News). Chicago, Ml., Jan, 18 A two days conference of delegates representing th principal grait exchanges of the Ubited States Wns opeted AUTRE HOTT La-Sajle todhy. THe coiiferened 18 5 Glscuas plans to extend the urefiif ness of exchanges trading In agricul- tural preduets, to promote: untformnnty tn custom and usage, and to elimtas terest is manizeuind in etudent circles States. jate certain practices-that are believed he The estimated wealth of the new set 49,541, 092-1t tent OStiy carry aut system - of intensified DALLY AEWS hele future to fuck an extent, but our 80. depends upon 0 Credit and there are those in england who are asking whether we are not bor rowing (oo much, Lhere is, of Course, one great reason why we must. 0 more and more iargcly into debt Lory many Yeare to come At present We are preparing for the settlement of about 400,000 immigrants in one year. This ls an addition of flys per cent. to our population, or the same as 4,000,000 new people entered the Unit- 4 States In one year, To provide erything for theae trom Mrausportation to housing, is huge task, quite large enough to account for more than the difference between our imports and exports, Not only must the improvements necessary to create many new farming districts be made, but Rew towns, and great ad- ditions and improvements to older ones ure reauired.. deed. bettarments, of all kinds out the commun Hy. More important than all, two new transcontinental railway systema must be completed and many branch tmes added to our three t syatems. There is, therefore, little cause for wonder that we need so much new * a money every year. The. import. re- urns show settlers effects at only 14,009,000, doubtless far below the value, but the main part of the aettler's. property consists of money. rs for 1911, based on the lowest ax- perience of several years, is. adoat 180,000,000. The revenues and expenditures of the Federal Government show plainly the growth of the country. asa whole. Apparently the ordinary revenue for the year ending Sist 2 1912. wilt be- between 180;000,000 and 140,000, 000, ax compared with 17,780,000, In. 191i and with 36,000,000 in'1896, only 15 years ago. Thus far the new. cap- ital expenditure, estimated. at about 46,000,000 for the year, has been. met out of revenue. ing house returns of twen- ty cities for 1911 were 7,336,868,000, Against 6,153,701,000 for seventeen cit- fea n 1910, a gain of 19 per cent.; the gain between 1909 and 1910 being 18 cent. . The building permits of the chie felties again filustrate the rate of growth in Cangda. 1910. , Wk gt; 818,738,000; - 14,680,000 21,127,008 24,874,000 17,860,000 Montreai Toronto. - Winnipeg. Vancouver . 13/150.000 17,652,000 Proposals for municipal expenditures are on u scale never attempted before, Manitoba, Saskatchewan, and Alberta, Practically all the early estimates of the ylelds of produce for 1910 in the Western Provinces were astray, error in underestimation vary- ing in the'case of wheat from 12,000,- 000 to 25,000,000 bushels. The drought carrying woperly the work of the on pi The weather conditions in the nu- tumn of,1211 would almost, warrant us in-predisting a considerably smaller acreage of wheat in 1912, Much will de- end upon the weather conditions of the com tn ttle. ploughing was done during October and Nove her owing to the unusually early, freer tow of the soll. In view of the tm: reved facilives for carrying on all nds of farm work, much can stilt be We have an early It may not, how. end be serious drawback to the coun- try Af a late spring should result fn having large areas of land put into fallow. Bu process undoubtedly soriches the land, and experience proves that land 30 treated over a series of years xivex the beat total results. Grain other than Wheat, suchas oats, barley. und flax, aa well ax roots, can be seeded: somewhat later and excellent results obtained, : A ae While ing on this subject it may be of Interest to, know that last r Canada stood fifth amongat th hatlons of the world engaged lt Production of ax follows Duited States lungary u 0 It wilt doubtless not be many years before Canada Will advance to a much. lugher position in the abave list, he. winter of 1910-11 cannot be re. garded as-having been al er sat- Istactory for -the live The early months of very cold, with heavy. snowstorms and biiz- tarda in the district where the ant- mals wintered and t was feared that heavy losses wculd fall on the ranch- crs. The. spring, however, opened fa- vorably with plenty of moisture in the ground, the grasses grew, rapidly and luxuriantly, and. cattle which had grown thin avon showed signs of im- proving. As a goneral rule the cattle came on the market-in good condi- tion and prices for all grades have been higher than during the past 15 or ever, wilk-bb carried over till the ing, as farmera and dealers will fake advantage. of the large quan: tity of low grade grain In the country and by feeding it during the winter will have thelr animals ready. for the market carly in the year. Hogs and sheep have commanded high prices throughout the year, but It is tobe regretted that they are not ralsed in sufficient numbers to mest the de- mands of the local packing houses. It is a -satisfaction to note, however, that at several points in Saskatchewan throughout the whole West had not affected the yield or the srado.as serl- ously as was expected, und this was particularly the case in Manitoba, where the bulk of the high grade, Wheat was produced. Opinions as to the outcome of the crop of 1911 have also been widely different, owing largely to unsatistac- tory weather conditions. The season of.1911 did not open altogether favor- ably, although precetled by a favor- able dutumn, in so far as the prepara- tion of the land ai Age were concerned. The area under cultivation had been increased 15 per Gent. for wheat, 4 per cent. for oats, 12 per cent. for barley, and 4 per cent. for flax over the year,1910... The weather conditions were such that the grain grew rapidly and the outlook was promising well into the month of At that date estimates of 000 bushels of oats 200,000,000 bush- els, bariey 40,000,000 byshels, and flax 10,600,000 bushels, were made by com petent judges, and. it appeared for a thort time as if these figures might be reavhed. Towards the end-of Au- gust, however, the weather become cold and wet. The result was that the Fipening season was shortened. and throughout larg -areas in Saskatehe- wan and Alberta the grain was in a Breen condition when the frost came in September. In Manitoba, however, the crop had ripened somewhat. ear- ler than in Saskatchewan and Al- berta, and the resute in the older Province, both as regards grade and October, and November over a large part of the West, it is. conceded by competent authorities that the three Western Provinces have the latgest and most valuable crop which they have yet produced, From recent In- formation ollected by our own staft we estimate that the final results. will be approximately as follows: Wheat - + 175,000,000 bushels Oats . Barley. Flax 6,000,000 bushels having a money value to the farmer of upwards of. 200,000,000. Of the wheat not quits'50 per cent. will grade 4s milling wheat. In the of. the other cereals. the percentage of high. grade grain will be somewhat higher. The.-high. prices which have existed for the lower grades, however, in con- sequence of the export demand for all Kinds of coarse grains, have largely offset the loss consequent upon the damage by unfavorable -weather. Phere are some object-leseons to the farmers in connection with the past season's work which might well cause, him to pause-and-seriously- consider. Most Important of all s the question of a greater diversity of farming. We have frequently touched upon this question. and while something has been accomplished, there Js still for improvement. We refer Da ly to the apparent indifference: of a very large percentage of our farmers to the raising of high-grade cattle, 6 produce such profitable asmilk, Wutter, eggs, cheese, vegetables, fruit, meats, poultry, and all the minor products which the farm is reducing. It ts Affaire that Western Canada fromthe Unit juantities of 1 joned, the v millions of dollars yearly. The caus of these unsatisfactory condi- tions fs that the majority confine their efforts almost solely to the raising of grain, and appear to forget entirely the value of the home market for the products. mentioned. It fa true that the agricultural colleges in the three Provinces are doing excel- ork; Bit the pri which fi being made s comparatively slow and can only be materially accelerated by the farmers generally helping in the Rood work, Experience has proved that large profits, dot long dolayed, await the farmer who will intelligent- a imports. farmin )He must pay attention to Proper -otation of crops, to the value of increasing and preserving the fer- yicid. have-been satisfactory. Despite Wowards- the end-of t-the-snowinl wan; Y aid interfered w litle with ge the extraordinarily untavorabie weathe Set er which prevailed during September, tactory sales were made, und prices articular: th and Manitoba farmers have recentl been purchasing small flocks of sheep. As a further matter of interest we may add that Between the Ist Jonuary, 1911 aid the 18th November, 1811, live stock recelved at the stock Winntbeg-az follows: lt; lt; Oras 1 Cattle... ... 89,765 hea Hogs... 3494 Sheep se S8as9 7 i Searaianas bac Sra) uses ae: cluded. betwee: tee, Fiuiwate renee ing at Winnipeg tor the esiablisnment of more extensive stock yar Bonituce, Manitoba... such improved facilities shouid-encourage the ranch- er and farmer to deveiwp ,tne live stock industry toa greater extent in order that the requiements of our Jocal packing houses may be fully supplied trom our own country. During the pust five years a great change in conditions nas taken place 1 qe rising of horses, sainges wich formerly used..for the purpose have been divided into furme and as consequence the .stocks*of range horses is rapidiy diminishing anda) good market has leveloped for farm horses imported from the sastern Pro- Vinces. Prices for this closs of animal vary trom 500, to good demand. for- ereated on account of the amount of work belng cairied on by the rallwi and irrigation companies. The logging season of 1910-11 open- -ed quite actively and a large cut was mage by most of the operators. The. weather was satisfactory for the gfeater part of the. winter, although, 700 per team: A the logs out of the woods. Phe big operator was able in the main not only to secure the logs of the year's cut, but also to draw out the logs of the previous season. left in the woods owing to the early breaking up of the previous winter.. in the spring the demand for lumber was general, satis- continued good uhtll vune, when skeen Competition. developed between the manufacturers of spruce and the coast 4nd mountain mills. large quantity ot low grade stutt waM also brought in trom the United States. Favorable freight arrangements were also. con- ceded by the railways to the coast and mountain mills. This concession, coupled with. the ,cheap. arcicle trom the United States, placed. the- manu- facturer of spruce at a disadvantage and sales and profits allke were som what curtailed Taken as a whole, however, both manufacturer and job- ber have had satisfactory year. The pregent season also promises to be an Active one, anda large cut of logs is predicted. It is noticeable that the new settlers who entered the Prairie Provinces in Igilwere of better class than in any previous..year. Comm re- cently upon the matter the Dominion Government officials report that from the ist January, 1911, to the 25th No- 1911, there ' entered Canada, OF ts 169,428 British, while th Sant were while. the eencs 45,038, were from Continental Burope. Of the combined British and European (214,468). it in estimated that 50 per cent. settled weat the Great a whilst of th American. settlers (224,528) it is estimated that 85 per in We Canada caleeee: 100 as yet tepresent a large volume. of as yet a jume Dusiness to thd Western Provinces, They ate capable, however, of very great development and the progress made during the past-year has been satisfactory. The lakes of Manitoba, Saskatchewan, and Alberta contain almost unlimited quantities of valu- able fish and good markets at profit- able prices are found for the catches in the United States and the Western Provinces. The Dominion Government have at iast realised the smportan of. the fi industry tothe West- em Provinces, and a Commission has been appointed to Investigate existing tility of the soll by the use of manure and other fertilizers, and to the exter- mination of noxious weeds. stlno have a right conception to his own and that of his family. for Among the exchanges represented the conference are those of Kansas City, Omaha, New York, Chicago, St. Louls, Minneapolis, Baltimore, Phila- delphia, Milwaukee, San Francisco, Toledo, Duluth and Buffalo. OLLEGE DEBATERS -TO-ARGUE RECALL (Special to, the Newsy Chicago, Ill, Jan, 18 A vet in the aunual contests to be held to- to be contrary to the public welfare. morrow evening by the Central conditions thoroughly. A report by the Commission is now In course of dians in the northetn parts of the dating League, The league compris- es the University of Michigan, Univer- sity of Chicago and Northwestern Un- iversity. Each institution will be rep- resented In the contests by two teams, one at,home and one abroad. The question selected for debate this year is: Resolved, That the recall should be adopted for all elective officers, na- tional, state and municipal, excepting members of the judiciary and the pres- thorities-might-well-tak drawn for 5, 10,15, 25, and 3 Provinces, who are thu te supple ment their. earnings derived from farming and other pursulta The fur catch is an important( industry to Buch places as Bdpionton and Prince Albert. 01 to the severity of the Pinter of Toe eeapping oonattTons were not altogether favorable, an the catch fell somewhat below hormal figures. To offset this It ts matistac tory to note that prices were highe And the year s business has been pro. ftable, : The oom) Indu boon in or early year, in labor troubles existing in the 00 districts. of Western Canada. Fortun- ately, 19 September last, a basis for pettioment was reached between tho. owners of the mines affected and the miners. A-contract has been entered into tor a, perlod of 8 1-2 years, and it is expected that no further trouble will arise during this period of time. It Is devoutly to be hoped that the re- sults expected. from the t will be realized. Undoubtedly a great Injury was done to the Industry am well as-fo manufacturing ana com- mofolal en and the losa of wages tosthe men Was very large, The Governments and the railways, however, realized v a and have done a great deal activity real estate during the year throughout the West as regards farm, city, and town properties. In cities and towns. the great danger hax been in the num- der-of -outlying-subdtvistons: placed-on- (oe parker, The cure 1or tis Ur. healthy state-of affairs rests in the hands of the more rellable firma, and Then the importance of appiying. the en importance of applying the. remedy without delay. It is nat our de sire to point to any particular place or district, as the reflable dealers are undoubtedly ina better position to know the situation than ourselves. It Ia to them, however, that the com- mercial community look for preteetion from a catastrophe which will inev- tably come if present methods are lowed to continue. Undoubtedly. de- sirable inside properties in our-prin cipal cities and towns have a good basis for existing values, but these terially unless. some- thine Ae aie Stop tke-tafiation 0 inflation of the values of outlying distri ts. Farm lands are firmly held at advancink prices, justified perhaps by the results of several years of good. average crops. It will be a great detriment to- the West, hqwever, if our cheap lands are advanced so rapidly in price as to make the new settler hesitate about coming to us. The building trade, with few excep- tlors, has been exceedingly active In Western cities and towns. The record figures reached in 1910 in such cities ag Winnipeg, Calgary,-Edmontot, Re- gina, Saskatoon, Moosejaw, Medicine fat, and Prince Albert wili probably de exceeded by the final figures of 1911. We understand, too, that in the larger centres a decided effort is be- lag made to Improve the standard of the buildings erected. The industrial development taking place in our chief business centres is an important fac tor in such activity, and as the pop- viation Increases Wwe shall doubtless find that such development will be much more rapid than many of us at resent ne, the Canadian Pacific Railway, - the Canadian Northern Railway, and the Grand Trunk Pacific Railway has been carried on to a greater extent than at any previous time, and the disburse- ment of money in this connection has materially helped the prosperity of the Western, Provinces. It is likely that these expenditures will continue for some years to come in order to meet the growing requirements of the coun- try. New capital has come freely from Great Britain, Continental Europe, and the United States. MunicIpal, mort- gage, and industrial securities have Deen eagerly sought and we think the results will prov. aatisfac- tory.to the investor Capital, however, is timld of investment in new coun- tries and new enterprises, and every care should be exercised to guard the- interests of bona fide investors, There are some things already of which our local Governments and municipal au- ce-notice. wealth in the centres has created a de- sire for the best class of pavements. roadways, sewers, etc. This is vers commendable, but the authorities in providing such improvements are in- clined to load the future to too great an extent. Debentures which -are years would be more sound if drawn for 2, 5, 7, 10, and 15 years, the shorter per- fods of time more nearly representing the life of the improvement. Municipal and Government. owner- ship of public utilities: has a tendency to extend uniluly, and there are already signs of failure in this connec- tion in several directions. Any con- siderable disaster would undoubtedly result-not-omly in new capital being withheld from us but investments al+ ready made might be redllzed upon in a way which would. reflect seriondly upon the credit of Before passing fron this subject w: should lke to say that there is 0; matter at least which might well be Tegarded. by Provincial Governments and rural municipalities coming within their-seope We refer to protection to the farmer trom the effect of hailstorms. We allude partioularly at this time tothe subject, as the number of farmers who suffer- . ed in this respect last Year ts greater than in any previous year, and the in- wrta, dividual loss bas been heavier. As-the area under cultivation Increases the number Who will suffer Joss and the aggregate losses will increase consid- erably. It i well, therefore, to con- sider what protection can be given to. minimize the loss. The Government of Alberta gives sonie protection. 10 farmers who pay certain schedule fates of insurance, and local compan- regular tax authorized by the Les- Islature would be feasible. Were al: farmers obliged to pay on the basis of an approved schedule, would not be burdensome. in conctuding our remarks regarding these Provinces, it is but fair to say that alt th the Western crops wil produce a larger amount of money. than those of any previous year, yet the conditions under which they wilt have been gathered and marketed will Interfere with. an. early liquidation of the indebtedness of the farmer and merchant, The wholesale dealere and manufacturers, however, practically in all lines of business, report large 1 creases inthe yolume of trade over previous years, and they evidently fee: Batisfied,with the credit thus extended to thelr lt;ustomers. In addition, the President gave He must preparation. The industry during the sume of the conditions of the past year of the winter months affordsemployment to in the other Provinces. of amount of labor required, in addition a large number of settlers and In- copy of the complete Oanafa. A 3 may be obtained wpon application tp the Hany ISELIN-FLAG WEDDING (Snecial to News). New York, Jan, 18 The first not- able wedding of the year in New York society was celebrated in the fash- jonable St. Thomas's church thie af- ternoon, when Miss Beatrice Fi daughter of Mrs. John Turner Atter Dury, became the bride of Oliver K- Iselin, aon of Mr, ahd Mrs. WilHam tor-of-St-Thomas s, officiated, asstet- ed: by the Rev, Dr. William G. Thay- De- Subseribe NOW for The Dally News.ler of Massachusetta ta The extension of the-three-railways, the obligation INTHE 3 HORSE PO ; HORSE PO 6 HORSE PO 8 HORSE PO N bs eee eee oO gt; MADE Iselin. The-Rev. DF, Btireg, recs wa Z POm gt;D These Engine PLEST and Prim gt;

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Attribution Image 100 (1912-01-18), from microfilm reel 100, (CU1738263). Courtesy of Early Alberta Newspapers Collection, Libraries and Cultural Resources Digital Collections, University of Calgary.