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Lethbridge Herald Newspaper Archives

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Lethbridge Herald (Newspaper) - February 26, 1916, Lethbridge, Alberta saturday, february 26, 191fi the lethbridge daily herald page five Rich Yet Delicate- Gleam and Full o{ Aroma. BI09 is blended from selected hill-grown teas, famed for their fine flavoury qualities. Imitated yet never equalled. HOW TO USE FARM CREDIT LETIBMDGE CiiEClE PRESBYTERl^VN Knox Church Cbrnop 4th Avei and 8th Street S. Rev. A. H. Dcnoon, Pastor, Mansi; 1210 Fourth Avenue S., plionu 102 Regular Services Morning unil oveninK. Jlorning Antliem: Foar Not. O Israel (Stlckorl. l'>\'nnlng: Solo by Mr. G. E. Fleming. Big Sisters Class at 12.30 p.m. Big Brothers', and Boys' Department of the S\inclay school at 2 p.m.; Othop departments at H. Chinese Class at 4 p.m. St. Andrew's Church Rev. Wm. MoNicol, M. A., 'Xtegular Services morning and evening. Sunday School at 2 and 3:15 p.m. Hardievllle at 3.30. met5odist Wesley Church Rev. G. H. Cobbledick, Pastor Parsonage 320 11th St. S. Phone 404 11 a.m. "Our use of Money.'' 7.:)0: "The Love Story of Ruth-A Leap Year Proposal." MUSIC: "God so Loved the World." "I am Alpha and Omega" (Stalner) Duet: Mrfi. H.H. .lohnson and Jlr. H. ar. Whlddlngton. All Seats Free and a Hearty Welcome , at Wesley ANGLICAN St. Augustin's Church Corner Second Ave. and 8th St. S. UECTOll Rev. Canon Murrell-Wrlght, M. A. Holy (vommunion at 8 a.m. Matins-at 11 a.m. Evensong-At 7.30 p. m. Sunday School-At 10 a.m. St. Cyprian's Church Cor. 11th Street and 8th Ave. South. Rev. Canon W. V. McMlllen, B.A.,-^ Rector Matins, 11 a.m. Sunday School and Bible Classes 3 p.m. KVRNSOXG 7.;!0 p.m. Holy Communion-.1st and 2nd Sun days at 8.30; 2nd and Ith Sunilays at 11 a.m. Baptism-Ith Sundays at 4" p.m. (By T. N. Carver, Director, Rural Organization Service, U. S. Department of Agriculture) There Is no manic about credit. U is a powerlui ag.mcy for good in the hands of lliosn who Itnow iiow to use it. So is a buzz saw. They aro about equally dangerous in the liands of those who do not understand them. Speaking broadly, there are probably almost as many farmcis In this country who are suffering Horn too mucli as from too little credit. .Many a farmer wo-.ild be l)etler off today if lie had never iiad a chance to borrow money r.l all, or go into debt for the tliiirv- wlilcli he bought. However, tlun. in no reason why those farmers wiio do linow how lo use credit Hlumld not have it. I of the year, $107. If lie; iiorrows at r, per cent, he has to imy $105. The difference Is $2. .\ow, $2 Is not to be despised. Good buHlncss consists in large part in looking after Just suqIi Items as this. .N'evertheless, It 18 only a little harder to pay $107 than to pay $lori. 'I'he point is that the principal is I1ii> same in either ca�e, and it is the principal which gives tho greatest trouble. The reason it ban seemed necessary* to empliasize this elementarj' fact Is that many people seem to imagine that if interest on farm loans can be reduced frotn -7 per cent, to '-'s Church Cor. 5th Ave, and 12th Street C, N. Holy Communion - Every. Sunday morning at 8 a.m. Choral Eucharist on the 1st and 3rd Sundays of the month at 11 a.m., and on all Higli Festivals. Matins on the 2nd and 4th Sunday at J1 a.m. Sunday School and Adult Btblo Class at :'. p.m. Kveusong at 7.30. BAPTIST First Baptist Church Rev. D, Ross, Pastor 11 a.m. "Separation and Compensation." 7r;i0 p.m.: "What is a Church." PENTECOSTAL speak of it at: ihougli it were llic money neces.aar. lo Imy the tools and etiuipment. C'aiiltal and land are the factors which call for hueslnient by the farmer. Thus the lar;^e use of capital in farming has come l)ecause of the Invontibn of agricultural machinery. When la ruling was done with a few very simple tools, most of which wore made either by tho farmer himself or by the local blacksmith, capital did not jiiay a large part in agriculture. Another way of saying the same thing is that it did not take much money to buy all the equipment the farmer needed or knew how to use. The purchase of land v.as the only thing refiuiring much ni:;:u'y, iind land, in this country, was either free or veiy cheap. Therefore, theie was very little money retpiired to start in agriculture. M tile present time, not only is the price of land rising, but the equipment of a I arm requires more capital because of the increased use of improved ma-chineiy. This is likely to Increase more and more as the years go by. Capital is brought into existence !n only one way-that is, by consuming less than is produced. If one lias a dollar, one can spend it either for an article of consumption, say confectionery, or for an article of production, say a spade. He who buys a spade becomes a capitalist to the amount of a dollar-tiiat is, he be-omes an owner of tools. The process is precisely tho same, whether tho amount in question is a dollar or a million dollars. If lie does not liave the dollar, his only diance of getting the spade is either to borrow it or to horrow the money with which to buy it. That is, he must use credit. Again, the process is precisely the for fertiliiser, whlcli adds $12.' lo the. value of his cro|), he should not find any great dililcully in reiiaying the loan, both pr!ncl])al and interest. If he uses it in such a way as to add only $7"! to his crop, he will have some difliculty in repaying tlie principal, saying notliing of the interest. It Is more important that he should be rule. It ho borrows for tho purpose of liuying a twine-binder which will help In the harvesting of several grain crops, each crop sliould not only pay the annual interest charge, but a part of the principal as well. A. small loan of this kind, for an Investineni which lasts only a few years, may not give much trouble and may not require any speelal motlio I""" - -..... i------------- payments not only pavs the interest i'""""^-^ ^^''lo '"i^'' conlidence in one | fflent Mr. but a small uart of tho principal i.e-^'"'""t'"^''' I'ow can they hope to tiiid i General S sides, eventually wiping it out com-!''""''''�'^ '"''O"' outside who will | as ready t( plotely. Farmers are stronglv nd-iconfidence enough in that corn-vised, in all long-time loans, to'insisl �'is'' lending money there'? on one or the other of these methods o'' '""''f eonfidencc of repavmenl. It niav be necessarv "' iH'otlier, enough conlidence lo to organize and work "together in of-jbilling to trust one another finan- I daily, c.in get togetlier and hold to- W, T. R. PRESTON LOSES HIS APPEAL CASE Ixjndon, Feb. 25.-The appeal court today unanimously dismissed W. T. R. Preston's application for a new-trial ot his unsuccessful action for libel against tho Daily News regarding tho review of tlie life of Lord Strathcona. In the course of argu-Preston mentioned that Steele had been announced to take action tor statements in the book. "Gen. Steele," added Jlr. Preston, "knows now that ho was not the person referred to. The real person was not likely to 'nke action." Regulate KIdnoys Rttliev* Constipation Oln Pills are ackuowledged to luve the largest sale of any proprietary lucdidiie in Canada-an nchlcvtmcnt solely due to their remarkable virtue n� u Kidney ;iud Bladder remedy, / But Huerit of Gin I'llls linvc discovered that thin iavaluable remedy atso nets as a mild cuth&rtic, -The evidence of hundreds of letters xe have received establishes the very toffical fact that ill eomuouudlng a medicine to lieal and time up the Kidneys and Bladder certain uf tlie Ingredients have a stimulatlae cfTect upon, the other organs, especially the bowels. It is Important to know, in the case of con-silpiUed paUcnts, thai Gin fills do not net harshly oil the bowels; there is no grlulng.. but a ffradnttl and gentle restoration oT the function. Try Gin PlUs for constipation. In thus,reli'-v� tiowels, yoii safeguard your-uelf n^aiu^ i )-^).':slblc Kidney trouble, t!in I'llf I'.rr POc, a liox, or fl boxes for $2,eo at yunr di-nli r's. A. trial treatment will be seut upon ii;qiiest, to - jj National Drug & Chemical Co. of Canada, Dmitad, Toronto. Ottplls der to secure these and other favorable terms. Rates of Interest The fifth rule Is lliat as low interest as possible should be secured. While this is obvious enough, it is apparently not quite clear to a good many farmers just how to secure low interest rates. Interest rates, like prices in general, depend upon the law of supply and demand. When there Is more loanable capital in a community than is wanted by the borrowers of that community, the rate of interest is low and the borrowers can dictate terms. When there is less loanable capital than is wanted by borrowers, interest is high and the lenders dictate terms. Obviously, therefore, il is to tho interest of the borrowers to increase the number of lenders, or, at least, to increase tlie amount of loanable capital in their community. The way to increase the supply of loanable capital is not to denounce lenders and hold them up to public hatred. That is like throwing clubs at chickens to cure them ot shyness and make them come when they are called. The right way is just the opposite ot that; it is to make tlie neighborhood attractive to lenders, so that they will be anxious to come. Then the borrowers will he able to secure .favorable terms. So long as lenders are hated, so long as borrowers habitually try to beat the lenders and force them to resort to legal proceedings lo collect, just so long will the right kind ot lenders avoid such a community, interest rates will be high, terms unfavorable, and foreclosures frequent. The only kind ot lenders who will go to such a community aro the loan sharks, who go In for the purpose ot taking advantage of high interest rates and who watch for chances to foreclose mortgages. Improving Credit Conditions The point to remember is that the famiere have it within their power to a large e.xtent to remedy those conditions themselves, though it may take some careful planning and hard work. In the first place, they must disabuse their minds ot the notion that tangiiile property, such a^ land, furnishes tho best security In tlie world, 'The business ability and character of tlio borrower are ot even greater importance in such transactions lliun tlie value ot tho land he may own. Wliere farmers are known to be capable of paying their debts and willing to do so promptly and without legal proceedings, there credit conditions are good, because the right kind of lenders are attracted. The right kind ot lenders do not like lo foreclose mortgages or resort to any form ot legal procedure. They will avoid any neighborhood where such things occur frequently, antl leave it to others less considerate. The right kind ot money lender merely wants his principal ba:ok, together with the stipulated rate of interest. Where these are assured to Iilm without -the vexation of legal procedure, ho will go. Generally speaking, that is why such vast quantities ot loanable capital are going to certain farming Boctlons and lending at low rates, rather than going to other Bootious where high rates might be secured, it nvust be admitted, however, that one fanner can do very little, when v/orklng alone, to give his neighborhood a better flnanglnl reputation, or to ftttcact the right kind of lenders. This in a problem wbloh raiist be worked otit by tho whole community, or, nt least, ;b^ a considerable gi'ouii getlier. they can eventually work out their credit problems. King George has now completely recovered his liealth, and his medical advisers havo given him permission to resume his visits to the troops in training. QUAKER OATS NETS $3,724,223 Chicago, Feb. 25.-The annual report of the Quaker Oats company, made public today, sliowed net profits ot $l!,724,22:!, tho largest in the corporation's iiistory. In 1914 the net was $2,3117,251. Foreign sales are said to have accounted tor much of the . Increase. Prescription for ? z e m a ,T. D. Iliginbctham fi. Co., Ltd., druggists, Lethbridge, Alberta. - for 15 years the standard skin remedy-a liquid used cxtcrimlly-tnsfant relief from itcli. the mildest of cleansers - keeps the skin alw.iys clean and heoUhy. Cumc In and asic ua about bott- AUCTION SALE WEDNESDAY, MARCH 1 At the Lethbridge Sales Barn stallions ;i5 liead of wovk horses, 3 to C years old, weight from 1100 to 1500 lbs. 1 Grade Percherou Stallion rising 5 years, weight IGOO, \ Registered Percherou Stallion rising Ifi years old. SALE COMMENCES AT ONE.O'CLOCK SHARP IN AFTERNOON TERMS CASH J. A. SMITH Auctioneer H. O. ROLLAG, Manager 2 Grade Percheron rising 2 years old. 2 Registered Shorthorn bulls. 1 De Laval Cream Separator, nearly new. Second hand harness, wagons, and a number ot other articles. FOR SALE, CHEAP_ sun- Tiaciioii Gleai- Steam Well DriUiujy Machine * In first class condition, nearly new,> with full eciulpment of tools Including fishing toolp.^ Apply to 6hAS, CABTWRIGHT -.660 6th STREET SOUTH PHONE 1721 ;