Lethbridge Herald (Newspaper) - January 1, 1908, Lethbridge, Alberta
NOTICE Beginning January 1st we purpose running our business on a thorough Cash System. Times have forced this move upon us owing to the high value of ready oash in the world's greatest markets. To serve you best we must buy for cash. Therefore we ask our many patrons to pay us cash for their purchases. Wishing you a Happy and Prosperous New Year. A. Macdonald & Go. Hew Icar Presents .Dressing Cases Plate Glass Mirrors �caiett "Safety Razors Leather and Cloth Bound Books Burnt Leather Goods Fancy Souvenir Cliiua> J. J. JOHNSTON Druggist and Stationer. A LOCAL BUDGET. TUESDAY. W. C. ^Simmons. 31.P.P., has-rcceiv �ed official notice that the-Legislative AsMOJDtoly will meet on Thursday, -January 16th, 1008. An interesti.ik event, the iimriia^e -of a well Kno-.Tn cittto buyer :>i .1 a Jjethbridge laU.v is reported t > hiive 7taken place l* j months ago. Key. p. S. Parrot, At Albion Ridge in the city yesterday and loft -this morning for High River to spend �Christmas at homo. Last night about half past five a tciwn belonging to (3. P. llouk's hack 'service ran away from the cab otlico with a cab. As it ran north along Round Street it nearly ran over the women on the crossing botweon Mac-'ilonald's and the Coaldale Hotel. The team ran down around the Jobbing Co. corner, but were stopped before any damage was (lone to the outfit, -although it was a most furious runaway. Calgary Alhartan.-Vincent Scully, px-Jf.P., for 'Clare,'Ireland, has been in Calgary for several days this week -making his annual visit. Me was met here by his sC"ii in Manitoba for the. last two man. is liav,; returned to the city. At the residence of George Hogg, Ksq., Macleod, on Wednesday, December 18th, the wife of A. L. Van fJu-�pen of Rocky Coulee, a son. Members of fourgenoro/tions sat -ilown to Christmas dinner at .1. II. Fleetwood's yestenlay. They ranged in age from 70 years to 2 months. Where can that record be beaten? ?. R. Daniel has sold Wellington Porcival, of Watei-town, S. Dakota, vven hundred mid sixty-four acres of tiio famous Si Ivor Farm. The land "low's the day and nDw's the hour" l.o mail your cousins ncross the sea one or more of our many suitable articles for mailing to distant, friends such as v. " ' " LETHBItlUGE SOUVENIR BOOKLETS, PHOTO POST CARDS OF LETHBIUDGE AND VICINITY. TUCK'S PINE ART CALENDARS IVORY AND EMBOSSED CHRISTMAS CARDS ' "-' ' BURNT LEATHER SOUVENIRS. J. D. Hjginbotham & Co. LIMITED Family and Dispensing Chemists] sold Iwlohged to W. S. Sherd, and J. Johnson with a small portion of Mr. Daniel's place. Mr.' Perciv-U is one of the largest farmers of ii-juth Dakota but is so taken up with the land i in Southern Alberta that he is going to- move up here in the spring to work his newly acquired property. Samuel Larson, a well known carpenter of this city, was quietly mar-Tied to Josephina A. Nelson in the home of the bride's cousin, Clayton W. Stevenson, North Ward,, on Monday evening. After the ceremony had been performed by Rev. Wm. Reid, the small party partook of the wedding dinner which was served in first class style. The young couple have taken up their abode in the house recently built by Mr. Larson in the North Ward. FRIDAY. Mr. and Mrs. J. W. Anderson en-tcrtainod at a large dance last evening. Miss Phyllis Higinbotham leaves tonight to attend Macdonald Institute, Cuelph. Miss Ruth Price of Calgary will act as stenographer at the Bark of Commerce during Miss McAithur's absence. Mr. and Mrs. -P. D. Shaw have talc en rooms at the Lethbridgc Hotel for the remainder of the winter. Mrn. Shaw will not receive again on the first Tuesday until permanently settled. SATURDAY. Mr. and Mrs. Smith of Smith Bros. & Wilson, left for Regina last night. Lethbridgc seems to be the only place without snow. Trains coming each way have signs of having passed through snow. Early this morning, Hampton Hack ley, an American from Meadow, Grove Nebraska, died at the Gait, Hospital after an illness which lasted for two mon ths. On Christmas Eve, George Frederick Flack and Charlotte Rebecca Moult, both of Lethbridgc were married by Rev. .1. S. Chivers, rector of; St.. Augustin's Church. ... j On Cliristmus Eve some parties cutj the glass in the windows of Goo. J ].Louie's li(|iior store, and helped them selves to several bottles of champagne. I A post card mailed at Wilkesbarre, Pa., was addressed E. !E. Reynolds, j Lothhrldge, Alberta. ^To enlighten the postal clerks the following directions-were placed on the card. "North of United States. Somewhere in Bri tish Columbia, Alberta, or Canada." Mr..-and Mrs. L, M. Johnstone en- tertained a number of friends at euchre last evening. There -were seven tables. Mrs. Cunningham won the lady's prize, Supt. Wilson, the gentle man's prize; and'Mr. M. Freeman the lone hand prize. Alt St. Augustin's Church on Christ mas Day the marriage of Robert John Farrell of Missoula, Montana, and Miss Mary Hartnett Seaman of Otter Lake, Quebec, took place, the rector, Rev. J. S.. Chivers, officiating. The bride vas a member of the Raymond public school staff until the closing of school for the Christmas holidays. On Now Year's Day at eleven o'clock in the morning there will be a gathering of all-the young people of the city irrespective of nation or creed in .Wesley Church. All the Sun day school of the city are uniting in the service which is to be a Giving service. Those attending are expected to bring gifts, which will be given to the Gait Hospital. This will be the expression of the true Christian spirit and should be helped along by everybody. MONDAY. Mrs. W. B. Burnett left this morning on the Spokane, Flyer for Seattle to visit her, daughter Mrs. F. L. Hammond. F. E. Sheppard, a well known citizen of Port Stanley, Ont., is in the city. He is the father, of Y. S. Shep pard. Roy Mcintosh, formerly with a. Southard, is bass soloist in Centenary Methodist Church choir, Hamilton, Ont. He used to sing in Wesley Church choir here. J. A. McGumn is preparing a skating rink in the North Ward. He today secured the water from the city and. will have the rink ready in a few days. The rink will not be covered over. There will be a small building erected for a dressing and waiting room. A post card addressed "To Papa, from Florence," is not called for at the post office. The little girl evidently wants some money for Christmas as she writes "Papa please will you send mo 25c. I will send you kiss. Good by. x x x x x x x x x. The Herald is informed that R. H. McDulTec who was reported last week as having been offered 'the position as clerk of llie District Court is unable to accept the position -owing to circumstances connected with his business necessitating his remaining at Raymond. The American Consular Agency may be restored to Lethbridgc. Manager Naisinith of the Alberta Railway & Irrigation Company has taken the matter up with the United States government pointing out to them the Inconvenience and loss occasioned by having to do all consular business at Calgary. It is not improbable that tho office will bo re-opened ujHh an American in charge. The Knights of Pythias have elected the following officers: Chancellor, C. F: P. Conylienrc; vice-chancellor. 11. W. Wallace: Prelate, Rev. J. S. Olivers; master of works, CI. Shirley; keeper of records and seals, A. M. Ritchie; ninstor of exchequer, M. R. Cooper; master of finance, A. M. Ritchie; master of arms, V. Ci, Dav-ies; inner guard, R. D. Robson; outer guard, K. N. Wakoly; grand representative, E. J. Frasor. The Merchants Bank of Canada Report Presented at the 44th Annual Meeting of the Shareholders �eld on Wednesday llth December, 1907 � The annual meeting of the directors and shareholders of the. Merchants' Bank of Canada was held at noon yesterday at the Head Office, 205 St. James Street. Amongst the shareholders present at the meeting were: Messrs. Jonathan Hodgson, Thomas A. Long, C. R.� Hosmer, C. F. Smith, Hugh A. Allan, Alex. Barnet, George. Hague, T. E. Mcrrett, D. C. Macarow, F. 8. Lyman, A. D. Fraser, C. B. Black, A. Piddington, M. S. Foley, R. Campbell, Nelles, John Patterson,, E.. Fiske (Coaticook), and others. In the absence of the President, Sir Hugh Montagu Allan, the Vice-President, Mr. Jonathan Hodgson, took the chair. Mr. Kilbourn wast appointed secretary of the 'meeting. - The minutes of the last annual meeting were taken as read. The chairman then subm itted the following report of the directors: THE REPORT. The directors beg to present the Statement of Affairs of the Bank as at close of the half year's business on 30th November last. In accordance with permission granted by the Shareholders at the last annual meeting, the books are closed upon the 30th of November, instead of on the 31st of May, as heretofore. The net profits for the half year amounted to $473,144.50. Out of this two quarterly, dividends, at the rate of 8 per cent per annum-amount, to $240,000-have been paid, the balance being carried forward to next year. The full proportion of inspection work has been done during the past six months. All of which is respectfully submitted. JONATHAN HODGSON, Vice-President. Statement of the result of the business of the Bank for the half year ending 30th November, 1907: The Net Profits of tlie half-year, after payment of charges, rebate on discounts, interest on deposits, and making full provision for bad and doubtful debts, have amounted to ............. ........ $473,144 50 Balance brought forward from last year, ending 31st May, 1907 T..................................... 34,256 25 i � Making a total of............................ $507,400 75 This has been disposed of as follows: Quarterly Dividend No. 80, at the rate of 8 per cent per annum $120,000 00 Quarterly Dividend No. 81, at the rate of 8 per cent per annum-:......... $120,000 00 ---- 240,000 00 Leaving a balance to be carried forward to next year ..........267,400 75, $507,400 75 Statement of Liabilities and Assets at 30th November, 1907: LIABILITIES. 1-To the .Public. Notes in Circulation ................................. $5,490,940 00 Deposits at call....................... $10,431,031 81 Deposits subject to notice (accrued interest to date included).......... 24,440,836 11 Deposits.due to other Banks in Canada 1,382,476 05 --- 36,254,343 97 Dividend No. 81................................ ..... 120,000 00 Dividends unclaimed............................... 2,913 50 $4i,868.197 47 2.-To the Stockholders! Capital paid up...................... $6,000,000 00 Reserve Fund....................... 4,000,000 00 > Surplus Profits ..... ................. 267,400 76 -r- 10,267,400 75 $52,135,598.22 ASSETS. Gold and Silver Coin on hand...................... $1,533,736 44 Dominion Notes on hand............................ 2,384,321 60 Notes and Cheques of other Banks ..... ....... 2,223,029 18 Balances due by other Banks in Canada ............ 6,769 44 Balances due by Banks and Agents in Great Britain. 803,214 53 Balances'due by Banks and Agents in the United States.......................................... 79,451 00 Call and Short Loans on Bonds and Stocks in Canada.................. $2,495,994 71 Call and Short Loans on Bonds and Stocks elsewhere than in Canada.. 2,988,258 84 -- 5,484,253 55 Dominion and Provincial Government Securities - 605,427 97 Railway, Municipal and other Debentures .......... 6,146,957 21 $19,267,160 82 Current Loans and Discounts in Canada (less Rebate of Interest reserved) ............................ 31,246,107 26 Loans and Discounts overdue (loss fully provided for) 95,732 55 Deposit with Dominion Government for Security of Note Circulaion................................. 240,000 00 Mortgages and other Securities, the property of the Bank......................................... - 83,397 48 Real Estate ........................................ 25,470 15 Bank Premises and Furniture ...................... I,'l55,887 30 Other Assets ........................................ 21,836 66 $52,135,598 22 E. F. HEBDEN, General Manager. THE DISCUSSION. The Chairman-"I have much pleasure in moving the adoption of this report." Mr. Thomas Long-"Mr. Chairman and gentlemen, the reports that have been placed before, you are, I consider, of an excellent nature, and I have much pleasure in seconding' the motion. I am sure that we are all pleased and satisfied'nt the report laid before us. Considering the condition of trade all over Canada, I think that this report is one with wliich all the shareholders should be satisfied. (Hear, hear.) "I may say that. I am very pleased, and i am sure we all are, to see our ex-genenil manager, Mr. Hague, present with us today. (Applause.) We hope, that we shall have the pleasure of seeing him at many such meetings as this in the years to come. 1 have great pleasuro in seconding the adoption of this report." The Chairman-"Are there any questions to be asked by the Shareholders? If not, I will ask your approval of the report." There being no questions,'the report was then put to the vote, and unanimously adopted. The General Manager (Mr. K. F. Hebden)-"The statement before you gives the result of our best efforts in the management of your property for the. past six months. The figures may, perhaps, speak for themselves. I hope you will think the statement a not unfavorable one. In this connection J, should like to bear testimony to the loyalty and excellent work and spirit of the staff at large, all the members of which are actuated by an ardent desire to promote the Bank's best interests. "The general banking and commercial situation lias been recently epitomized by the chief officer of tho premier Bank of Canada, supplemented by the weighty deliverance of its president; and between these two authorities all of present practical interest has been said. If it were, for me to make any remarks to you on the present occasion, I should like to say that there has, perhaps, never been in recent yeaVs in Canada a time when a. policy of moderation in public and private ul'fairs was so plainly called for rcjyjlvgd - ; that it MATS the BAND what vc can Do with our. Money bygood Judg/icnt and management; ifwego tbthe right place*where amy know BU5TAflBR0W/f| Cc#roicMTii council board with him during the past year. Those present wore AldB. Oliver, Ilowman, Vrooman, Watson, Cunningham and Macbeth, Secretary-Treasurer Hobin-6on, J. L. Manwaring of the News and O. D. Austin of the Herald. The mayor, makes an ideal host and the function was thoroughly enjoyable. Tho Doodor's new home was much admired and it was judged most fitting that it should be opened socially by a dinner to the council. A .tickling cough, from any cause., is quickly stopped by Dr. Shoep'a Cough Cure. And Hi is so thoroughly harmless and safe, that Dr. Sboop tells mothers' everywhere to give it without hesitation, even to young babes. ;The wholesome green leaurm; and tender stems of a lung-hea.Ua*;; mountainous shrub; furnish the cura> tive properties to Dr. Snoop's Cough. Cure. It, calms the cough, and. heals ; the sore and sensitive bronchial mem-' brancs. No opium, no chloroform, nothing harsh used to injure or suppress. Simply a resinous plant extract, that helps to heal aching lungs The Spaniards call this shrub which, the Doctor uses, "The Sacred Herts." Always demand Dr. Shoop's Cough .Cure. as the present, and in saying this I believe I am only expressing. a thought uppermost in the minds of most thinking responsible men in Canada. The change in the commercial and economic situation in the neighboring republic for the worse, within the past few months, has been kaleidoscopic. It is now happily showing signs of improvement. In Canada we are altogether better situated, and it is our good fortune to be working under a bettor banking currency system. But this is a slowing down time with us, a time to take stock of our positions, and to retrench and be mutually helpful withal, by being moderate in our commitments and undertakings, and thereby introducing a factor into affairs making for the retaining of all our advantage, which can only be interfered with by untimely optimism." The Chairman-"The next order of business is the election of Directors, and I would suggest that Messrs. Black and Patteison act as scrutineers." Moved by Mr. M. S. Foley, seconded by Mr. A, Piddington, that Messrs. John Patterson and George Hague be requested to act as Scrutineers, and that only one ballot be taken for the election ol the Directors. Mr. George Hague-"I am inclined to think that this course is hardly formal enough for such an election of directors. I think '-�motion should read: 'That the scrutineers cast one ballot for the following persons as Directors,' and unless this course is followed someone may call this election in question. ' We are all agreed upon the names and I suggest that this course be followed." Moved by Mr. J. Patterson, seconded by Mr. George Hague,, that Scrutineers cast one ballot for the following persons os-Directors of the Merchants' Bank of Canada for the ensuing yeur: SIR H. MONTAGU ALLAN. MR. JONATHAN HODGSON. THOMAS LONG. C. E. HOSMER. C. F. SMITH. MR. MR. Mil. MR. HUGH A. ALLAN. * MR. C. M. HAYS. MR. AL1CX. BARNET. MR. F. ORR LEWIS: The Scrutineers cast one ballot hi accordance with this motion, unci the Chairman declared the gentlemen mentioned' therein elected as Directors of the Bank. There being no further business the meeting then adjourned. At subsequent meeting of the directors the following officers were re-elected: President, Sir Hugh Montagu Allan; Vice-President, Mr. Jonathan Hodgson.