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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - February 27, 1909, Lethbridge, Alberta HE1ULD SPECIAL PUBLICITY KtJMBEB LETHBRIDGE BANKS What the Bankers-the Men Who Handle the Coin -Think Of the City and District Manager of Bank of Montreal. The Bank of Montreal has 'one of the city's finest bank buildings, standing at the corner of Redpath and Crabb Streets, in a fine position facing of the future of the City of Lethbridge, Manager McMullen expressed himself as confident that the city was undoubtedly destined to be one of the large centres .of population of the Pro- to use this come ii line to we the -public square. The buildin is one of red brick, and presents a commanding appearance, with Alberta. It onlv the last two or three years the southern ?art of the a .ummanamfe appearance, wHn province b n to attract atten- has- had sixteen years' experi-'tal there are excellent chances, its wide portals rt sculptured t- wheat-nrodueine- area. in Western Canada. but for the farmer with a little support, benefit. A branch on fs the hill 60 of its 66 brunches ners across the iu the East. city. It is has been the policy of the t farmers and to establish branches jn his laborious route West the PRINCIPAL to Lethbridge when and with that end in Diamond City is has opened a branch in ted. especially will fully realizing that iis. longer distance if, city is destined to become elevators are of the chief centres of Al- le river. This and by opening here has calls for an faith in the city, pur- idy. or those living property for the erection will not share haudsome offices in the fu- lit future ahead of shall also miss Johnston says: "We be- Macleod reaping in the future of Lethbridge of present facts: the Molsons grown around" here are ich of the best that it has ever been s opened in lot to see. and I speak from >r. 1908. under the extended experience of Al- of Mr. K. D. and the West. TOE PITTSBURG OF CANADA LETHBRIDGE, the Greatest Coal Centre In Western Canada J L F OB YEARS Lethbridge was known only coal town. brought the place on the formerly of Calgary. Alia., who! "For the person with no capi- sandstone, to all entering the city the depot. ''The interior is ;light and spacious; che dark wea- tion as a wheat-producing area. In those two or three years the development has been without i j homestead or purchase, and i j to year, as more land brou ht giving it an air of strength that, is likely to carry a feeling of confidence to one do- ing1 business. -i t_- i f [shipments of wheat from various The massive front doors open points will increase bv leaps asd, immediately into a-sort of foyer j bounds. Lethbridge-'is the na-j large and lofty jtural distributing point for this fronting these are the various of-llanre district, devoted to raisin" Sees, with _ shining grilles and other grains, cattle" brass, forming part of the plate and part of the rich glass enclosures, where the van-' lumbering and mining section of ;ous officials may be consulted, southeastern British Columbia, teller accountant, cashier being -in addition to its agricultural writ large over each aperture, j interests Lethbridge is rich, in- This makes the twelfth year deed, in its deposits of coal. but for the farmer with a little The Molsons Bank was incor- capital he takes no chances, for norated in 1655. fifty-three years i his future is assured. In a year iijTo, and has confined its, busi- or two. at farthest, working on ness chiefly to Ontario and Que-; half crop payments, he can be bee. The head office is at: owner of the land he farms." as a Coal map, and. into prominence and today Lethbridge while not wholly de- pendent upon the revenue from the coal mines as it was in the the finest workmanship so as to make this mine one of the besl on record. The tipple building will be of solid steel, arid the power and en- gine houses will be of the same metal, it being the aim of the HUt V.UUJ. iHJilCO HO ill CiS> J.UL IrliC -_ _ J 'I ,1 beginning, is nevertheless one of '-omP ny tave.everything con- the most raining yith the mine absolutely centres, in the Dominion, of Can- ada. has taen named the "Pittsburg of and- the people of this city who have faith in its future; believe that its vast possessions of ccal will eventual- fireproof, the boiler .house itself will simply be a large steel case for the boiler. The shaft'as now sunk should produce tons of the finest "jlump coal per day of eight (8) for this branch of the Bank of Montreal, and its early days were not the days of present prosperi- The manager, E. F. Reeve, be- .lieves in Lethbridge, and says that our city is to be one of the finest in tlie Northwest, its fu- ture is the brightest, and it is he says, built upon a firm and strong financial basis. When the bank first opened its doors, instead of the. 1.500 farmers who are now living with- in a driving- radius of Lethbridge there was not a farm or ranch could be reached except by a long and extended journey: in fact, only a few ranchers were then in the country between Medicine Hat and Cardston. Fences in all that distance were totally un- known, it being one. vast ex- panse of prairie stretching from the haze of one blue horizon to another, practically no man's lands; whilst the wheat grown this district did not amount chicken feed! The ranchers' which is said to be the best quality of in a pro- vince everywhere rich in coal deposits: in unlimited quanti- I cattle roaming at their'own plea- sure, seeking new pasture at Jieir own sweet will, Lethbridge, "TIOW the prosperous business cen- tre, was in those days a pioneer town with a population of about including the mines; the outlying districts absolutely un- cultivated, lying dormant, and the people depending entirely imported goods for their needs. The banking business Anderson, the manager, in speaking of Lethbridge, said: The city's future is certain in addition to being in a rich farming district, its mines constitute unlimited resources, one of which is sufficient to make a country, safe. Kailways we need, and once we make Lethbridge a centre for a few good lines, we shall hold a position unique in the West, Very Substantial Young Town .i that the financial outlook from their standpoint is particularly j bright. The deposits in the last year increased over 65 per Hj: .grain which .has been shipped from Canton the 1st of Septenibei" tpidate is T86 bushels. TEe Tecprds of the local hanks show they have set- tled for over bushels. There is still moreinan. of last year's crop m the hands of the farmers. Bankers report year and although the loans have increased as well, the deposits are considerably in ad- vance of the loans. The merchants, and implement agents report collections as ex- cellent. There has been a great deal of real estate handled in this district, many of these deals lie- ing cash. There is going to be considerable building done coining season, several large blocks .are, in course of con- known to Jiuinan ingenuity are struction at present. of the present time employs men montUy .pay manager, is Mr. Geo. L.. is It produces, in the neignborhood of tons of coal yer year and its coal i recognized as the best on the market. At the beginning coa! was mined on the river bottom. Then No. 1 Shaft was sunk anc it was the principal producer for 18 years. At the present time No. 3 shaft is the main source of supply. The coal has been mar- keted from "Winnipeg on the east to the montains and in some of the western principally in. -Montana. The company are looking forward even to a much greater output in the near future as they propose increasing the present supply about double. .With this end in view they are opening, at a distance of about i two; and a half' miles from the shaft another mine. Work was started in April of last year to sink an air shaft and a hoisting shaft; the air shaft be- ing .10 x: 20 and the main hoist- ing shaft about 22 feet square be; the second largest shaft'in the "whole Dominion ofj Canada., Both of "these shafts are put down to a depth of 400 feet where a rich stratum was tapped inat will, we are -sure, give a large, quantity of splendid coal. At the present time the devel- opment of the work is such that the building of the tipple is in the hands of the contractors. It is the intention of the company that this colliery shall be one of the most up to date of its kind in existence, the greatest men of science have been consulted, and i all the improvements at present completed and the machinery in- stalled. The company have: one of the best plants in Western operated chiefly by elec- PICHE A Ml RON'S COMPLETELY REMODELLED STORE comniandiiig the whole of the cdtintry. The raflway gpintt into the norti Country should be looked to, aa the diitrict, if a direct it will be a treat contributing source of tirat atUa4- Thin erected HANTOMt MAIN tTNIIf ent of the International Coal and Coke Co. As soon as this pro- perty had been secured by the Royal Collieries, the manage ment, while continuing the oper- ation of the Barnes: mine began drilling with the view of oughly proving the to gain a complete knowledge thereof- before installing a plant. In all, eleven 'holes were drilled on the various? parts of- the .pro- perty, and the results were moat gratifying to the directors. Hav- ing gained this knowledge work was commenced during the past summer on the installation of a plant on the southwest quarter of section 32, and the construc- tion'of five and one-half miles of railway from the same to the Crows Nest Branch of the Can- adian Pacific Railway. This; railway is now completed and in operation; The deVelopment a quarter of ft dollars on work was continued in the Barn- j the purchase of land, develop- es Mine, and a slope of over 400; ment work and the putting in of feet in length driven to connect i machinery and plant. And they with the same. A complete wa- have also on this property a ter system, of pump, class brick clay, and they made the summer