Lethbridge Herald, The (Newspaper) - December 14, 1912, Lethbridge, Alberta
VOLUME VI. SIXTEEN I'AGES Lethbrldge, Alberta, ''Saturday. December 14 ,1912 CENTS MANY mill HE PEARL NECKLACE CHANGES IN THE IMPERIAL NAV LATE- LADY LINDSAY'S ORNA- MENT SOLD FOR AT AUCTION Until War Cloud is Actual Lifted Nervousness Will be Pronounced .London, Doc. lust week the dying year threatens to be period of extreme anxiety in tlio 111 uncial world. While no crisis has yet developed a In 1907, the present monetary coi uitions arc, according to the concer ens of thu host opinions In the cil; worse than lust year. Then.as now politics has been the determlnlni; fac lor. Ijast year the economic results o the Agadir troubles were for variou- reasons magnified by Interested ties and English. French and Anieri can newspapers were tilled with sen satlonnl reports of financial dlffculUes at tho contluental centres. This year, as a direct result of the Intornatlonal disquiet arising ont of the situation created by the Balkan war the financial stress has become greater than It was during the worst moments following the Agadir imbrog- lio. Now according to one of the best authorities in the city, the press of Franco and England are minimiz- ing where a year ago they exagger- ated. This- consideration is highly commendable, hut unfortunately it does not enter the basic facts. While every reason for the hope and belief that the Balkan dif- ficulties would be smoothed away there' is always the possibility of a mishap, attended by the gravest re- sults and although the meeting in Lon- don of two conferences designed to insure a lasting peace ill the Near fact of the highest, import- mice, it is unreasonable to suppose that a Question, which has divided Europe for thirty years, can be set- tled out of band in thirty days. Until the Austro-Ser.ri.an danger with its inherent possibilities of. ex- tension into an "Arniaggadon" is act- ually removed, Europe's uneasiness l not he dissipated. WITH CAPITAL Ottawa, Dec. Can- ada Gazette contains notice of the incorporation of the A. Mc- Donald Company, Limited, of Winnipeg, with a capital stock of seven million dollars, to carry on the business of whole- sale and retail merchants. London, Dec. was keen competition for a pearl necklace at Christie's yesterday when the jew- els of the late Lady Lindsay, wife of Sir (.'oiitts Lindsay were sold. The necklace was a inagnillccnt sin- gle row one, composed of fllty-Uirco round pearls, with a single brilliant snap. The opening bid was but vithin a few second was reached, and the jewels finally irolight Three articles sold within three minutes realized Sir F. B. Brldgman, who retires be- cause of differences with Wlniton Churchill. Comptroller Murray Presents Annual Report Showing Year of Great Expansion H is this uneasiness which Is chief- Jy responsible for the financial crisis that is now developing. The direct- ors of the Bank of England decided this week not to increase the dis- count rate, but the hank's reserve is now practically at its minimum and any increase in the demand for gold from would undoubt- edly bring- about a six per cent rate with its accqmpanyisg stringency. "The factual scarcity of the money is primarily due, of course, to the activity in tho world's trade, but this has been intensified by tho process resulting from fears arising out of the Balkan, sltaution. The hoarding of sold, about which so much has beer a year ago, has been much more practised than it was during tho aut- umn cf 1811. Only from Oailcia have any circumstantial reports come of this hoarding since the present polit- ical diffculties arose, but the facts are that in ail European countries there vhas been a marked disposition to withdraw money from the banks. AUTO BANDITS IN MONTREAL -Montreal, Dec. well-organized gang of automobile burglars are be- lieved to be operating in this city. Several daring jobs have been Drought to tho attention of the po- lice department during the last few days. Washington, Dec. in eneral, as reflected in the condition the hanks of the United States, as shared in the country's prospcr- y, according to Lawrence Mur- y, comptroller of the currency, in his annual report made public today.! The hanking power of the nation, represented by capital surplus, pro- fits, deposits and circulation, reach- ed during the year the enormous to- tal of showing an increase of 5.CD-per cent, over 1SU, and 27.8 per cent, over 1908.'Since 1900, the banking power has'. increas- ed 111 per cent, or more than doub- led.- During-tlie last..twelve 'years, the number of banks has increased ,107-jier--cent.- and itheir volume oi business "as" indicated by deposits: shows an increase of 127 per cent, i The comptroller's1 "report consists of a mass of statistics with an- most, of havel been published.'- I In.connection with .toe rates on] money-which-recehtly have-been soar- i ing, the comptroller simply observes that the rates were normal, up .to- August with the tightening Of the money market thereafter. Accordin to the last teniber 4 ILLUSTRATION OF A CITY NEED A prominent merchant this morning gave tho Herald a con- crete illustration of the need and the probable benefit of a city market. A farmer, named Erdman, living forty miles di- redly north of the city, came in yeste'rdav with 200 dressed i chickens. He was only able to sell HO of them, des'pite the fact that he was selling at 1C cents n pound. He had to take GO home again, which was ra- tier discouraging after such a long drive and the fact that he needed the money. If there had been a market so that the housewives could attend, -the merchant felt sure the farmer- would have disposal of all the chickens in less than an hour. 3> -J .3. APPARENTLY LETHBRIDGE CITY IS TO REMAIN IN STATUS OF TANK TOWN 10HOT DAILY Prominent Mine Manager Shows How Lethbridge is Wasting its Greatest Opportunity Mines Lose Value of Slack Coal I'1 Calgary, Dec. Coons, super. ntendcnt of telegraphs for the CaK gary division of the P. p., returned on Thursday from a trip to Wlnnl- leg, where he attended a general con irence of superintendents. A con- iderable amount of new construction be done during the coming year, nd the meeting 'was for the purpose f discussing the details of the prc- rainmc. For Calgary the facilities Ql I r I n TI 'in he emended in aii four devtl- oping.air its own power by ltB own plant with the slack coal fuel. "A few years ago It was considered that electric power did not comptra with steam for manufacturing purpos- es. This idea has been inockfd'in., the head, and now it Is found that el- ectric power Is more efficient in every way. In the old days ail inanufactlir-' ng concerns were planned with one arge central shaft, the various ma-, hints .being, driven from belts to hat shaft. It has now been proven' hat the loss of efficiency through "us- ng these belts Is veiy great, and all plants are arranged to drive each machine separately. By the use or electric power, this is effected by "a motor at each machine In this way the. loss of transmission at power to the machine is -educed to a minimum, and no power is used except when machine Is actually In use Get an Expert leid belie-v The above ou tua.j n_ ueiimie case could be presented to manufact- show what mishVbelonc, ttat about m the rlirht ,nrt hi W0uld "e nroven statements were made Joy., him to about most rl-ht wni the n west .Only a few days until Christmas Oi. Bruce Ismay is Broken in Health London, Dec. Bruce Ismay his health seriously impaired by th. Titanic disaster and its aftermath, has. virtually withdrawn from bis position as managing director of the White Star line. Mr. Ismay has not been in Liverpool for several weeks. He is living in seclusion on his Yorkshire property. Harold Sanderson is now in control of the company, though it is not likely le win ultimately slices.] director. The fact that Mr. Ismay was e.voner. ated by the British court of inquiry on the popular charge that ho influenced the navigation of the Titanic, or the speed she attained, was small com- fort to-the steamship head. That came three months" after lie had been criticised all over iim world for timi-i .ins up among ihe rescued, while so! many hundreds of men, women and children, who in the final- moments could command no influence because of position, were drowned or frozen to death in the water. Mr. Ismay was just fifty years old on Thursday, but his friends say that since April 14, the day of the disaster he has become physically an old man! Time has done nothing to soften the wounds. A formal anouncement that Mr. Is- -i.v nits rummeteiy severed his con- nection with the White Star line is ex- pected within a very short time. H is learned that the White Star ine intends "Utilizing the three foot ipace between the inner and out- ;r shells of the Olympic'for oil fuel ilorage, and that the new system rill he adopted on the new giant firil- 5imy. The ncwjy-fittfd Olympic will probably lie ready to sail from South. ampton for Xcw York on March L'O. The Amount of Slack Waste In every large mine, the 'proportion of slack to the amount of coal raised in from twelve, to fifteen per cent. At the present time about 2800 tons are being raised daily in the six mines. That makes 420 tons slack. Three hundred tons of this are g waste. Electric power developed therefrom would amount to 3000 horse power, niors than double what the slisht in-iur city is producing from its plant. lat 5150'000- When all the mines working in this district are d-eveloped, and are rais- ing coal to their capacity, as they will be doing soon, the amount of coal raised daily, 'will be close to GOOO tons, giving approximately 900 toi slack. Of this over BOO tons will t- absolute waste, unless industries are brought In to use it. That waste will represent per day to the mines, or, if converted into electric power, t would mean a possible GOOO horse- lower of the cheapest power to be found anywhere in Alberta. Some Pointers In connection with the proposition if using coal slack for developing in- lustrial concerns Mr. Reid made some renchant remarks. "I believe that some scheme should provided fcr the establishment of n electric plant at each mine. The slack coal could be sold at about 40 cents or 50 cents per ton. It could be conveyed to the plant direct from the mines by means of conveyors, reduc- ing the cost of handling to a. mi- I r n. WAS AN EXCITING FIRE Plttsburg, Pa, Dec. be- lieved to have been of incendiary'ong- destroyed twenty stables, tvare- ies and residences in Braddoek, mburb, early today. Scores men, women and children were rescued by firemen, a dozen of whom suffered slight injuries. The loss is estimated The King Reads the Bible Daily mum. The cost of handling by London, Dec. Church Family Newspaper King George has caused the following letter to be sent by his private secretary, Lord Knollys, to F; C. Brading, secretary of the Scripture Gift Mission: "I have Irad the honor of sub- mitting your letter of the Inst, to the King, and am direct- ed to inform you in reply it Ic quite true that he promised Queen Alexandra, as long ago as 1881, that he would read a chap- ter of the Bible daily, and'that he has ever since adhered to this promise. Yours very truly, "KNOLLYS." sckman to Fly Across the Atlantic "WISH I WAS-A. DOG" Berlin, Dec. a steel-ribbed nonoplans, with gigantic 'wings, Rich- ard Beckmann, an aviator of the city of Cologne, plans to fly across the At- lantic Ocean nest spring. Hs is con- fident of success. Kis siarr. will be made from the Cape of Rocka, known as the Rock of Lisbon, on the coast of Portugal. His first landing will be. if all goes well, on the Island of Tcrcevja. in the Azores. Thence he will fly straight across the vast expanse of water to Halifax. The distance from the Cape of Roca to Halifax, on the N'orlh American coast, is throe thousand miles, and Kncktnann ox- pccts 10 cover the in Iliiriy-I Ihren hours, exclusive of Iialt nt Tercevla. On tin? first lap, from Portugal to the Azores, a stretch of a thousand miles, the aviator will have ihe benefit cf the trade winds, he cal- culates, and With his nlnety-miles-an- hour machine, he hopes to make it in ten or twelve hours. His thirty-foot monoplane has fifty square yards of wing area. The chassis, built entirely of steel tubing, will weigh TfiO kilos, exclusive ot Beckmann. his assistant, and the gas- oline. The "machine will havc a total lifting power of kilos. The chief novelty of the outfit will be a powerful searchlight, with an aut- omatlc adjustment fitted to the floor oi .1 hall-di'cked cabin, forward of the ISeckmanii will also carry a small wireless Installation, a miniature dynamo.