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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - January 16, 1917, Lethbridge, Alberta but'low chancellor Ilio country during Mils lallcr II ft-- IIOI nco o[ trido .wltli Great Britain bo- r of Canada, the trois.oi.pen. ill llili c'oiintrj purposes, and d tbc abnormally prices obtained c an or an pverage crop In I9W, nsslslcd v j satisfactory' manner du'rlns' the fitlifacibry. ao i lieltcr dempnslralgrt Bilince'ot Loss Accoun Irs; '-Y AolV elrculiitloitf WM: "rlHsl Agriculture Bi'iiors1 Belief' Fund, Con ondltlons .throughout Mi'je'nt' and tin country are'far'mbre Balisfactory lo Hie Oflicers .1j Vinnn .Til6 I -V t in flOil Ipfivllll eo.nww.5 In circulation Uipo'ills.iiol. beariii_ Balance Bphks In Canada.......... BiUncis. Dinks .abd, Danklne corre- Bpondents'ebiawhors.lban-ls Canada aj 7M of Credit '''SIMBI'-S! nol-M'ncliidcd in Ih.e forcKolne generally, .In. such good shape flnan; '.The 'depostU aroonnl'lo i" non-lnleres ".I -r T -Br. E..lorncl !Banks L-.-'i, of n-iick asscla t cannot all wo can-an senu llah _____ r......., well do each bue of them makes .the ba.ance f.'dplul Slocl; HcaL DLvliicndd luiu o( DIU'jei.o. In Cli-iiulii- 1503 ..I I.WAV -I.O-KWOO 300.000 'if. McinbcM of on Advisory Com- mittee. Thcso t'eillletncn aru BO well- evnrywboro oil tills continent thai It seems superlluous lo say a word In their' praise, but I cnniiot pnsi tlm ooiwrtunlly of ffi'oo t'l'ial tho names of thesr gentlemen, .ujv.vvj InitlllcsB InsUlil- Is an absolute connected wllli any I lion or eulorprjsc, I: due ID Ollici1 nacike Coin und -Govern merit Nolci Kund in Central let) and. Chuq of oilier due Oilier Hanks jndfi und all l.onnj urrtnl -J-oi holders 'o. of Uri GUI iguaranlce of Intemltj 2 s.woooUnd efficient management, and Is nn ..'-nftnr.n endorsement of the-Union Jlank H- i soo ooo self, not Xcw York City, but tin Ihe Doiiilnloii of Canada as well a [act'In which wo, ns Slock. Kl.OMl holders, should tako great pride. Humming ui> Ihe situation, gentlemen. ......11 (rco to say that the Union Hank igsiMQ New'York City with Its Agency under the.most favorable IM.OOO nuances possible. is'IcWS 25ih AuB'llBl' las1' tllp Directors of tho Union Ilank, acconi panted by a few Invllcd ,-gucsls, bo "JJS Uau a Irlp of 13 days of Inspection of Western Canada I i business conditions ami prospects It I; needless .lo point 0111 that and spcdlically, with ref- ucli marked success could not have Lrciu.c t'0 HB own hrauclies exl-jnillns icen achieved wllhout the active co- Iho Provinces of 5Iau! operation and loyal support tf a Saskatchewan and.AlbBiln. capable ntaff of officers, who have, During thin trip wo met si; 11 Eighteen and n. half millions of dol- lars added (o the bank's business In year. Toial now cxteeda nllllons. Inalltullon In a very BlroiiK position, and rendering o.vlcn- flvo aW In financing of British muni- tion business In Canada. While Ilio public Is accustomed to expect ,t fuli''y substantial growth in Ilio deposit Ijushcas of any Canadian bank at Urn present time, It Is sill! capable of liclug surprised at BuUi an cjlilblt ol swift ami all-round growth as is presented by (he Union llonk of Canada in Us annual Blntemciil for Ihe year ending November 30, J3JC. This'old anil powerful der Iho presidency of ilr. John Cult and Ihe general managership of- Mr. Ii. II. Halfour, wllli Us headquarters tu Iho West and tin well-established syslein of productive business Ihroiieiioul ihc Rasl, hos mauaaed reap considerably more lhan Its pro1 IHirlkmle sliaic of the harvest of in- creased wealth in tho bands of public. was a revelation. We jurei seeing Ihe prosress of Iho uniformly loyal and mlbi flank from 1870, when Its vvurlicrrt [or di0 of tlio were very restricted, and ii bad onlyi WQn advised as to their tlirec branches, to lis present jrasl- !ocli condltionK. and what lion of one of tlio Imporlnnl financial (or licllerinent i.......- nstltullons of Uiii country, 1 am re- na rcspecls mlsed fnrnilni} ring wllli mixed feelings of pride ,rho 6f greater flllclllluii It lid fegrcl, lirlde ill Ihe enviable SL0cls raising, lliercby mliliiiilzlns losltlon occup'leil by tile nank, and risk a business of n com- oeret al ihe scvcriince of sucli long- conslanlly stands In peril Ity lauding relations, always made rMBOI1 dcpcmlin dcdsant and'congenial (ly the nssUtanco of Dlrectore, Staff. I cslcem' it- a sreat Honor to be nvltod lo'Jain, the Hoard of Directors Wo saw Home very wonderful aurl- cultural development at different points and a very noticeable appear- unco of Ibrift and 'prosperity In tlio nvllcd lo loin me ui unco 01 uimu aim of the Dank and It will be a pleasure agricultural' disliicls among and aatisraciloii to me, If elected by farmers.' We also found a very. Hie Shareholders, to relain my con- condilloiv prevailing in hcctlon ivllh the flank in cauac- iavrpa uild cities of Ilio Iti-i I trust too, that my InllinatclWest wili, Icgard lo commercial at- knowledge nf'affairs bl-tbo InBtllu- ralrSp ECGI11 to liavo been rc- tlon may prove of some io doalines In staple in an advisory capacity ns n Director.Lul, of. life rather than Tho .President lias: been good iusurics. Ic these lines, Ibero nbugh to refer .to my services and ,vas a very satisfactory voi- ctlrcmcnt In very kind and umc u[ Wo also found oil ve word's: My relations, wllli tho 1 amount of. llunldatlon ol residents, VIcc-rrcsldents, and Dl- parllcularly pmong Iho ectiiri wltli whom I have been as- (nrmcrs, by.reason of the exception. PRESIDENT oclatcd have, at all limes, been very nMy 1arge of grain, with good 1 JOHM URI.I, rp "t leasant. and Iheir advice most help- ul I desire: to esuress my very real opiwcclatlon of and thanks for during the years 1915 trip was Tho 101C Deans, rcmarkabla ul I desire'to esuress my very jsic Tho 101C fiEures, rcmamaDio real opiwcclatlon of and thanks for vvas veiy interesting to arc the more so when ho kindly manner In wWch -Mr. Gait mttnj. g[ Directors by reason are considered as following Ihoso ias alluded to my rcslgniitlon. l'lllo passing Ihrough of so rhucli new of a which.wis Itself one of very l Ilio iisssinp inrauijti ui au i QJ a yi_-iii- w..- _. and hitherto, to them, unknown 'tor- 'and'. f'Mdy' grbwlli. Tlie- rilo'rv and particularly, the I'eacel bank ire now.in excess 1 River country, which seemed lo open ot in 1015 Ihey. werp wiiicn isuuiiicu ju u enoraious field for settlement jGtl.CM.OOO: tniWU-'Hiey w later, date.. The Pea'co: niverl growth of over ZO i vou for Ilio liiml desire words with winch yon and Ihe Dircc tors have iiiliodu'ccd me to tho public. IIIQ IHLVrUEll. UC.JB.H'5 J.m. and half .millions, anrt'Vlio note clr- culation of more than n million- bpeii set" Lv "the and lo--express :ar our regret at losing him In an official capacity at the end of this monlll- It Total iK wltb' of saUsfachon of fheBanU have passed lloi to have beard, that lie is. to loin ilSnS- mark, beinB ,hi know lhal we sball over 1915, Ullll keep hlni as a fncnd and advisor. ivnfenUheV amounted lo shall, do uiy utmost lo live upi lo SnioV and Provincial Gavernmenl [bc hbst tradlllons ol Hie Hank, and T to cafry on-.thoVlse- my pro i.'ni.iiniri: .in these sccurllies doccsaors. UK _ erlaklng, and, in Ibis connection, s only .proper to stale "our. hearty pprcclalioa lo Mr McArlhur .Cor the many courtesies received'.-at lands during tho' prosress of: II "jlessrs. -T. Harry .Webb, U. L dUUC IVJl ujj I have announcement to .niaB ithit I ani siire you .will-beiiOrry t? 'hear. -Mr. Biilfpur 111 I life from the position of Manager after, :ol iioliilnEs 'securities F. E. KENAS ll-of and TJu'f. Iioldlnss .in.me.se scuunuca dcccsaors. Bfltllh, Foreign and .Colonial Pub- 'cbanic laklng plac Can- general management o iho Hank whereby-'Mr. O. II. Baltou .General Manager after, jiew .we. have purcbasfd r6ri )-.seVen -years of service service-no bao should flndfdultwUti of Brlllsh Treasury Dills, .MU.qh ac- ppoiKtmeal of Mr. H. n SeaSon to lake a-, Veil-earned ouits -.for large sc' sta'w'; -who his so' well served 11 rest. He has filled, uri.ltes Uudej-Jlie of years as A every post In tbe.Bank, from thai-'if junior c-lerk to general roanager, i_: nAcltlnn of (he firm ol HE.VD.' HEG.lK.-CALUXGBAJl-t CO. Charl Find Short'Loini' Elssvyhcre Thin iii'Canada Manager, to. fu oieiisrsi, i. S Kead C.A.. and C. II. Hesan, UA., of the I'lrrn of Webb, Read, llcgaii. Co., were re appointed is aiiillld'rB ol Iho Dank. Tho follo-.-ing wore elected dircc- (ors- Sir William President; Mr. John .Gilt; 1'resldent! Mr. n. T. Itiley and Mr. Geo.' H Thomson, Vicc-Presidcnts; Jlessrs It Allan, G. H.Ualfoiir, llumo mine KC Jl. John 'Carson, 'O.B., :B. Crohyn, Edward Ii. S. .1. -S Hough, K.C., n: O. -McCnllocIi, P. fc. Kcnaslbn and Shaw. largely iu the form of securities, demaud'for commercial accommodation iiBliig'Vstifl and taahy business- firms'. havliiB, re: ilu'coil or retired Ihcll1 banking cdncss -year out-of b cash iirofils. OwinKjIfliiUitstrenglh- In litinid .assets (whjcli amoirat ;to about fifty-six arid a half .millions ly: a'alnst a round.hundred millions mibllc. bonk is enabled 'render-.important services Canadian anil' .governments in the fianncinB'. of-munition business. 1 T._ ,..i.iin.r.. llin- 'Beven urJiK-iica ,-'-.no me durlpE the year, Tlz: Province of I illuiloni anj .When advanclns years iKe be.i ol our small measure, aue 10 ,E C brl with himself that ihe ol lKc.wcli balanced administration of Mr. Proyinee of uuijen, Balfonr.'-To his perionallty Is'also Hiinmore. Prussia 1 atton WGAN' rtuc the fine corps'-which Hazenmore, fifteen branches have been closed, as nini 10 icasoii la better-to 'shift Ihc Lurden of younger shoul v. -i ncrrcsponsininiy uu ive bF.c-n well-earned rest they.fwere-not. htlns' operated at a f o work prbfll Tli: Province .of ,eVcrlnE (From Om- Own' .'_ offic ers for Ihc snsulns term of Iho.I. p. 0. t'. No. 5 were installed on Thurs- per'vades this Institution at the p'rct bnt lime. Tlie story.of Ills ;'caree should bo a sllniulaling one l ill-known to you an-io uccu .v Johnson; us.s.i n. i-icmv Is of Introduction from me. stovcnson.-'. been.'c'onncclcd with Ihel The installation.of officers of n 'order that Mr.'Balfoiir may IrameV dullei arc greatly Increased and are llately tatehia seat on 'the fcing Cheerfully performed, .owing Your Directors have ap-Hoi'.s? many olhers Ijavlng volun- Alixandra Ttcbckah Lodg'6 No. S. Bank, in cine. 'position during: all of Ills working life, and, by Voqtc cauree cartylrig ample, cash re ror enduing terni.are as follows efficiency and great ability banker is sufficient warrant us Jr [i x.a, JIlss McKliinpn; Jli ail lhal the affairs of the v.a. Miss will be in gooit bands.. Igec., Jlrs. TV J.." Daln; tKlu.-Sec.; Mr present buslncEs conditions E. Dorrstt: Trcjs., Mrs. Tle omctrs of the in their na seirltS, tho lasl thirteen and half seirt, of wfclch I have .been 'General Man s. Ma O.. Mrs. J. ilonashan; H. maao .ma. clal.centre and in Older (o avail l. u.. u. self of Its proper share of Ihe Km- N.O.. Mrs. .1. F.. Upton; J plro's financlhg at Ibc prcscni'lime, Millar; n.S.V.G., Miss arid lo assume Us share of solvlbs I..S.V-G., Miss M. Asbton; Chap.._ M Iho financial' problems which are S. A. Fraser; Il.S.S., boot bound to ensue at the close of thclus.S., Mrs. Dempster; D. Capt.. war, (ho Union Bank has deemed it In. O. Organist.Mrs. ;O. wise to establish an .'agency In Now] Allison. York CIIJV :anadlan municipal secuTlticv-and1- rilish, Forclzn and ccurilics other, tlion. ago..and it Is uniler- todd'tba't tho 'increase Is .almost eii- Ircly to nrillsli Treasury Issues n conneclion willi war orders. Tho 1ms alfp much increased. lyi lolillngs of Dominion liorids..- Tbjs great volume of assels Is not il Ihe present exceptionally pro- ductive of profits', il for expanded earnlnsF when cdnditlons are again' normal. ProlllH for tho year were lilllo changed from 1hosc of 1015. J55I.151 against were subject, same deduction' of for Contingent- The appolntcnt oi.'Greiiory liar- t, of lo bo judge of county court of Ihc central Jud icin Account-, They anfficed for-tlie par-. ment of tho regular dividend and bonus, totalling 0 per cent, on stock aril' for War lax, I'o-iwlon' fund Slant und a donation lo.thc. Dritlst Sailors Belief fund. .Tills Bank-'has pil Its ilivldead and bonus throughout Ihc war, kept mi Us: Pension ap, proprisiion; and .made, full for tascs, dOiiltlm, and Depreciation and Conllnecnt accounta. the prosperity Kish, CorncHns V Belted. KlI-baDn ial- current still 1 balance larger lhan at, Uw eo4 ft- ;