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Lethbridge Herald Newspaper Archives

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Lethbridge Herald (Newspaper) - February 29, 1916, Lethbridge, Alberta PAGE FOUR THE LETHBRID'GE VAI1.Y HERAtD letbbvibije U^eialt) DAILY AND WEEKLY Subscription Rates: Dnily, delivered, per week ... Daily, delivered, iier year ---- Daily, by m,ill. per your ...... Weekly, by maii, per yur .... .$a.oo .$s.oo .$1.00 TELEPHONES Business OfMce ............ Editorial Ofiico ............ W. A, Buchanan John Torrance Managing Director Business Miinager 1252 1224 Your King and Coxintry Need You Right Now ROUND THE CIRCLE OF THE WAR Out of the conglomeralion of reports that come through of the great battle now raging in the vicinity of Verdun, the one clear fact stands out thtt the FYench have been able to hold firm against the most furious onslaughts of the German hordes. Although iiaving given ground to some extent, most of Uiis ground has been regained In subsequent attacks. The Germans opparenUr still hold the fort of Douamont but are surrounded by French troops Tvho still hold the village. Re-anforcements in great numbers are being brought up by the Prenoh and the situation now seems to bo that the Germans hare expended the strength of their greatest offensive moTeiment of the war In a vain attempt to break the French lines. The German loss in men has beea col-lossal. On other aeotions of the front suc-oasB has varied between the French and tile Germans. The strained situation between the TTnlted States and Germany is likely to become still more tense within the next day or two, as a result of Germany's announcement of her intention to adhere to her policy of sinking armed merchantmen without �warning after March 1. This is in direct opposition to President Wilson's attitude. The sinking of the P. and O. liner in the English Channel on Sunday by a mine, indicates that a fresh sowing of mines has been accomplished in some way by the Germans, presumably by the use oif apparently neutral ships. American citizens in any reapecL The honor and self-respect of the nation is involved. ' AVe covet pence nml shall preserve It at any cost but the loss of honor. To forbid our people to exercise their rights for fear we might be called upon to vindicate them would bo a deep humiliation indeed. It would be nn Ituplieit, all but an explicit nciiiPin i.s in tlu? wrai)-pinp. It was iinpos.-ibU" to bi-ltor tho toa, so the packet was iiuprovcd, I'^roin now, on. ask for BLUE ]UBI>ON TRA in {\w now donblu wrapping-dust-proof, air-tight, irK)i.stiiro-proof. \ Sjame Toa-f,53,822,121.11 ASSETS ---. Current coin held by the Bank ................$ l,o49,'239.93 Dominion Notes held ......................... 6,052,19^2.00 - $ 8,201,431.9:1 Deposit in the Central Gold Reserves ........................ 500,000.00 Notes of other Bonks ..................................... 231,719.00 Cheques on other Banks ................................... 1,867,336.72 Balances due by Banks and Banking Correspondents elsewhere than In Canada ....................................... 2,692,660.64 Dominion and Provincial Government Secutltios not exceeding market value ........................................... 1,311,877.00 Canadian iMunlclpal Securities nnd British, foreign and colonial public securities other than Canadian ................... 1,343,527.27 Railway and other bonds, debentures and slocks not exceeding market value ......................................---- 541,024.07 Call and Short (not exceeding thirty days) Loans In Canada on bonds, debentures and stocks........................... 2,326,'i42.74 $18,414,819.27 Other Current Loans and discounts in Canada (less rebate of Interest .............................................. ,",1,749,33B.3.'i Llabllltes of eustomers under Letters of Credit as per contra.. 22,598.16 Real estate other than Bank Premises....................... 20,000.00 Overdue debts, estimated loss provided for .................. 198,575.99 Bank Promises, at not more than cost, less amounts written off 1,171,268.75 Deposit witli the the Minister for tho purposes of Circulation Fund ................................................ 150,000.00 OUier Assets not included in the foregoing .................. 100,519.6(1 $53,822,121.11 ..W. F. COWAN, Pre�ldent. .GEORGE SCHOLFIELD, General Manager. AUDITOR'S REPORT TO THE SHAREHOLDERS I have conipai-ed the above Balance Sheet with the books and accounis at the chief office of Tho Standard Bank of Canada, and with the certified returns received from Its branches, and after checking the cash and verifying the seouritles at the chief office and cortal/i of the principal branches on Jan 31st, 1916, I certify that in my opinion such Balance Sheet exhibits a true and correct view of the state of tlie Bank's affairs, according to the host of my information the explanations given to me, and as shown by tho books of the Bank In addition to the examination mentioned the casli and securities at the chief office and certain of the principal branches wero checked and verified by nie at another time during the year, aud found to be In accord with the books of the Bank All Information and xplauations required have been given to mo and al! transactions of the Bank which have come under my notice have, In my opinion been within the powers of the Bank G. T. CLARKSON Chartered Accountant. Toronto, February 12th, 1916, of Clarkson, Gordon & Dllworth Toronto, Canada The usual inotlona wero passed, and tho scrutineers appointed reported' the following gentlemen elected as Directors for the onsuiug year: Mr. W. F. Cowan, Mr. Wellington Francis, K.C., Mr. W. F. Allen, Mr. F. W. Cowan, Mr. H. Langlols, Mr. T. H. McMillan, -Mr. G. P. Scholfield, and Mr, T. H. AVood. At u aubsequetn meeting of tho Directors Mr. W. F. Cowan was re-electod President, and Jlr, Wellington Francis, K.U., Vice President Toronto, February 23rd, 1916. Q. P. SCHOLFIELD, General Manager. with agricultural thouglit, for it was only last week that the oxucutlve of tho fai-mera' organizations had interviewed him and said In view of anticipated changes at Ottawa It would be Inopportune for the provincial government to do anything this session. Mr. SUton, concluding a rouslug ten minute speech, said: "1 am not going to make a partlzan speecii. I feel when the jirovluco is putting up 25,000 men and raising half a million dollars during tho coming year, when tho people are giving up necossltiea for the purpose of sending their sons and their fatliors to take part in tho war and for tho purpose of giving money to assist, l do feel that we should lay aside partlzanshlp. 1 do fuel that we should not take advantage of an occasion like thiu to make romarUs to the opposition, and I am therefore not going to make the remarks I might make. Thero will bo lots of time before tho oloction comes off to tell MttU CANAm ises to iHe Cheeks wlmt we think of the members of tho oiipiisltloii. Tills 1.1 not tho time, nnd when the proper tlmo docs come the members of this side of the house will go to tho public and express their opinions on those subjects in a much stronger way than they do hero." Dr. Stanley Or. Stanle.v. (High River) followed, charging tlio premier with dodglnB the issues, and using language whlcii Avoiild appeal to the people, Dlscusn-lug tho war he aald if conscription Is necessary In the old co.untry, why not in Canada. It grated on hia oars to hoar public men Bay thero would never be compulsory service In Ca-nada. Ho strongly condemned the rich men of Alberta who aro shirkinK rosponHlbillty to the Patriotic fund, wliilo the civil service and tho poorer dusuea are Hacrlllclng lo tho limit. Dr. Stanloy ondorsod an independent cornuilsalon to enforce prohibition and hoped outstanding men aro chosen. He advocated an act to provide public accommodations and endorsed tho legislation of tho Saskatchewan fiovoniment. Tho member for High River ayPPC'ted . tho women auftrago aud renewed his plea for InorSased graiUH to hospitals. Mr. Whiteside (Coronation) moved , the adjournment. SCHOOL LANDS SAL-E Ottawa, Feb, 28.-The minister of tho interior has decided in tho Interests of tho school lands endowment funds to hold a,uctloi(;BttleB of school lands during tho sprint? or early sum-mor at Ulenella, Dauphin and Ross-burn, Manitoba; Indian Hoad, Mooau Jaw, Wymurk, Klndorsley,, Kamsaok, Reilvers, Mooaoniin mid Broadview, SnuU.; and also at Carmanaay, Vul-. can and Munaon, Albortu, 307 7 ;