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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - August 4, 1920, Lethbridge, Alberta .WEDNESDAY AUGUST THE LETHBRIDGE DAILY HERALD PAGE ELEVEN VI Manitoba Has Loaned In Rural Credits; Not One BadDebt Yet Story of Manitoba's Success centre authority In the v. i T D 1 I- The result Is, that an application Which Is lo Be Investl- tor a loan is passed upon by the appll- NEW YORK DEMOCRATS 6PPOSE ST. LAWRENCE CANAL AT CONVENTION gated by Ontario Commis- sion. Aug. Canadian rural credit scheme, now it.1 Us fourth year of op- cant's own ueishbors, who know his habits and bis circumstances and his needs, and IOBS Is re- duced to a minimum. The good intentions of the bor- rower becomes security for the repay- msut of the money advanced. It the ject lo business and. Ilka nny credit societies la full operation, bav- ins started 'but with one society in J917; which had grown to tea in 1918 and thirty-eight in 1313. Seventy so- cieties are chartered at this time, but fifteen have .cot commenced oper- ations. :'Tho Ontario men .will learn that lias been ad- vanced In ths four years to Manitoba farmers-as loans to increase jproduct tion and that the societies have yet to record their first hart debt. Manitoba's rjral credits legislation was prepared by 0. Proiit, at. that time nieinljer of the legislature for Kildonan'.anil St. Andrews, and until a few months ago administrator of the act. Mr. Prout considers that the plan has been a great success, that it has 'enabled tiie Manitoba fanner to go ahead wllh necessary improvements to his farm and to develop his invest- ment along business-like lines. Money is loaned for breaking land, for put- tins in anil taking off crops, tor pur- chasing live stock and equipment, for improvements' and buildings, or wages. Loans tills year for breaking land will amount to about nnd Mr. Prpul points out that the con- tinuation of tbia development of new land'on an scale w.ill liiivo the effect uf adding rapidly and olliclently'to tHe area of" crop land In the province.and of increasing agri- cultural 'wealth. All loaus aro for short lernis, not hiore than one year, hut sire subject to renewal cases. The borrower pays seven per cent. Tho maximum loan to one in- dividual at one time is Up to a few months ago the loans were ijiade by tho bankson .recom- mendation of the local rural credits societies.' The provincial govern- ment today is'behind the'work finan- cially and if a society finds any difli- cuUy in financing its loans locally tho the money di- rect to the borrower. To raise tho funds for this extension of its ser- vices the government is opening of- fices whefc it acce'pts funds for de- posit and' operates in other ways as a hanking Institution. The govern- ment pay's four per cent, on .deposits, nnd gives to depositors checking privileges. One office is open now in north' Winnipeg, and a down-town ofiics is heing .prepared. Other of- fices will he opened in Brandon, Port- age, la; Prairie, Selkirk, and other it- the belief of those interested' 'in tfro work that these' savings offices eventually will receive more than 'sufficient, funds to carry on'loan. work. There, is a central office in Winni- peg in general control of the rural credits work, and it lias the raroly- of veto over the tions of the, local societies, hut vthe whole Intention of the plan Is to SARATOGA, N.Y., Aug. tion to the proposed Canadian-Ameri- can St. ship canal has as- sumed important proportions at the New York state Democratic conven- tion in cession tere. Convention lead- ers are Insisting on a plank in the party platform asking for new appro- priations for the New York state barge canal system. Another bone of contention ID the convention Is a propozed plank deal- Ing wllh 2.75 per cent. beer. At yesterday's session every refer- ence to President Wilson and bis League of Nations policy was bailed with rousing applause. JusticeWfflBe Done To Canada's Soldier Settlers Where Fraud is Prijved in Land Deals the Croofcedaess Will Be Punished business man. if he he is obliged to settle with bis creditors or become subject tq prosecution for fraud. _ Each local society has a member- ship of at least fifty, and only mem- bers of the, society may borrow. Each member pays 110 on his share of stock. The local municipality and tho provincial government between them in equal shares take up stock to an amount egual'to tha subscrip- tions of-the farmer-members the society. This fund, which, amounts to ALBANIA AND ITALY SIGN AGREEMENT LOXDON, Aug. agreement that has been pending between Italy and Albania has finally been signed it Is announced In an Exchange Tele- graph" dispatch'from Rome, quoting an Aviona dispatch. Italy, It is (aid renounces both Capo LInguetta aud Cape Tre'ferti. Black said i.' re-valuatloa of the land was' necessity It would be done. "la tbe case of the settlers.- it .inust) be clearly understood ihat tliey .them- selves 'share in Use responsibility. It was they, wbo got the soldiers'- settle- ment board into the difficulties. .They admit that fact themselves ill 'the sworn statements lu Mnjor Barne'tt's said Mr. Black. will take legal action against conspirators." said B. Eaton .PAtton, director of land and loans, who is la tbe city to reorganize ILe local branch of the soldiers' settlement VuWd. have.reason to believe that real, es- tate agents have used their Inventive- genius to put deals through 6lir of- fice. Where defrauding is proved, we will go as far as tho laws of the'co'.m- try will allow. Any crookedness wil! bo swept oat of he de> dared. WINNIPEG. Aug. Interests of returned soldiers, and the Interests of the soldiers'' settlement board are declared W. J. Black, chairman of the board, in an interview today. "Any attempt !rj tho con- trary shows a complete Ignorance of the whole be saU. "It is the purpose of the board to see that NEW YORK. Aug. .ex justice is done to the soldier settlers, change weak. Demand 1-4; cab- If there baa been any wrongdoing it les J3.57. Canadian dollars 85.25. will be punished. Major Barnett is I _________________ NEW YORK FUNDS in the city for-the purpose of seeing that Justice is Mr. stat- ed. Regardlng'tbe Amarath district. Mr. Fifteen men and women, arrested in Pittsburg'for drunkenness, blam- ed it all on "Jakey." v.-hlcli is the short name for Jamaica ginger. Ceylon's goffering' Lanka is a rare tea from Ceylon's hill gardens British grown to suit critical British taste. Flavor is exquisite color rich and sparkling, aroma most inviting. Order today from your dealer. WM. BRAID CO. Vancouver. Canada PAINS SO STOJN BED Young Mrs. Beecroft Had Miserable Time Until She Took Lydia E. PinkhamY Vegetable Compound. TIamilton, 0nt, I have suffered for three years from a female trouble and minimum of is Invested in ap- proved securities and becomes a fund to guarantee to tie government re- payment of loans authorized by tlie society. It is interesting to note that in no case ha; tbe guaranty fund been called upon to in ake good a. loaui Each society IB governed by a hoard of nine. ..Three directors are appointed by. tho members, three by tho local municipality and three by the government, one of the latter be- ing experienced in tbe administration of the act and a member at the Bams time of several local boards in the district. This bo.ird passes upon all applications and sends a record of its transactions to the'central Winnipeg office. A clear majority of the whole board must approve of .each loan. For the first three years: of its existence, while 'the banks-, were advancing money on all loans, the farmer whose application was approved turned in his not to tho local bank and got the money, the local society being behind his note as security 'to' the bank. At tlic present time, if the society is un- able to secure the money locally, the applicant sends his note to tbe cen- tral oflico and receives a cheque from the provincial treasurer's office by re- turn mall.- "Banking by it is caljed, and red tape is eliminated rigidly. The groat bulk of new money going into tbe fanners' bauds now is advanced by the government. While the borrower pays seven per cent, for his money, the bank or gov- ernment or individual loaning the money receives only six per cent. The remaining one per cant, goes back to the local society as a fund out of which- HE local operating .'expenses are paid. It was on thle point that the the goVetrnment dis- agreed, some months ago. The banks requested that the interest rate al- lowed.-them bo Increased to six and one. bait per cent., and the govern- ment refused to" pay this rate aud launched Us owa banking 'schema. Those who have" been associated closely with the rural credits scheme are convinced that Manitoba has a system which provides the fanner wirh all the-credit facilities enjoyed by the city business man; and they will enjoy demonstrating its system of operation to the Ontario com- mission. consequent weakness, pain and" irregu- larity which kept me in bed four or five [lays'each month. I nearly went crazy Condemnation Leads to Con- .cealment Declares English Woman Social Worker with pains in my back, and for about a week nt a time I could not do my work. 1 sav? Lydia E. Pinkham's Vegetable Compound advertised in the Hamilton Spectator and I took it Now I have no pain andam quite regular unless I over- vrork or stay on my feet from early morning until late at night. I keep ;iny trouble. I have recommended the 'Compound to several EMILY BEECROFT, 269Victoria Ave. N., Tor forty years women have been '.elling how Lydia E. Pinkham's Vege- table Compound has restored their lealth yhen suffering with female ills. This accounts for the enormous demand for it from coast to coast. you ara ailment peculiar to you try Lydia E. _ Compound? It is made from native roots and herbs and contains no narcotics or harmful drugs. For special advice women are asked to write 010 Lydia B. Pinkham Medicine 00.., Lynn, Mass. The result of forty years experience is at your service. TORONTO. Aug. Violet Trench, an English social worker, gave an address at a. luncheon held by the National Council of the Society for Combatting Social Diseases, yes- terday. Miss Trench outlined the policy and objects of the national council in England which are to spread a clear understanding and a saner iiiv...... 1 point of view regarding a matter iioli'-c work without I which has been attended by many false ideas; to treat disease as dis- ease, bearing in mind that condemna- tion leads to concealment, which Is very dangerous; lo rnlso the normal standards and lo bring to bear moral principles and spiritual consideration. Throughout England, Miss Trench said, centers arc being established for the treatment ot social diseases. Short addresses were given at tho luncheon by Archbishop McNeil oMhe reorganization Catholic diocese of To- ronto and Dr. C. J. Hastings, medical officer of health ot this city. OUCHnUURTS "ABSORBINE JR." Will Relieve the Pain. The pain may come from BtraioKl, ligaments and from th.e swelling and inflammation from a bruise, cut, boil, abscess, hands and feet swollen fronl from a stiff sore throat or toothache or headache. "ABSORBINE JR." will givt quick relief wturiver the pain. It males tha part thoroughly dMtroyldiwisc is harmless to the most sensitive tissues and may be diluted, as a mouth wash. U has a pleasant odor and dot! not rtain or leave a greasy residue It in more than a is a vegetable germicide that is absolutely Mfe. 51.25 a most druggists or Dent postpaid by F. Yowo, Isc.. .Ivraii BuiWinj, Montreal io Premier Mefghcn's Speech Was Broad Canadianiem TORONTO, Aug. the course of a full column editorial on the pre- mier's Porlago La Prairie speech, tho Mail and Empire Bays' today: ".Mr. Melghon gave a message of broad Canadlanlsm. Tha things that men wero satisfied 16 'differ on In the years before the war havo bssn dwarfed by the issues born ot that world convulsion. To minds of ar- rested development tho .continuance of tho old feuds over questions on which there was llttla or no real dif- ference of opinion may bo possible, but for the great' majority of Cana- dians these feuds are DOW as unfitting as the playthings of childhood aro to grown-up men." EMPRESS OF FRANCE HAS 8IG PASSENGER LIST QUEBEC, Aug. C. P. O. S. Kmprcss of franco docked at 4 o'clock this morning. She had on board passengers, J.SOO tons of frcfght and J bajs of mat} This clerk makes no mistakes in adding v- the items of a sale SHE records the tide on the new kind of National Cash Register. The register does the adding. The total always is correct No mental addition, and no mistakes. The register prints the price of each article and the total on a receipt for each customer. _ It retains printed and added records of each sale. u ;i Every know about' this new cash register. telephone to our office. Second Calgary Old registers cold, repaired, and excrtangeJ. Easy Liberal allowance for old registers.' National Cash Registers are priced and up, New National Cash fcegister trial tnany merchants have btcivlooking for We make casB Bisters for every line of business OF CANADA LIMITED ;