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Lethbridge Herald Newspaper Archives

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Lethbridge Herald (Newspaper) - January 17, 1913, Lethbridge, Alberta Friday, January 17,1913. THE LETHBRIDGE DAILY HERALD Vase 5 Is Proving To Be A Hummer et in on  fore the Guggenheinis became a power in the field. Mr. Rogers is dead. The committee wants Mr. Rockefeller to tell to wihat extent he had a hand in this corner and what percentage of the $ 100,000,-000 he netted. . AIbo the committee expects to prove {hat the entire deal was made possible through the ability uf Mr. Rockefeller and Mr. Rogers to get $50,000,000 from national banks-which they dominated. It is estimated that this amount of money was used in the corner. The committee's charts show 1,538,-870 shares of Amalgamated Copper stock were in existence in 1907 and that more .than 11,826,000 shares of the stock wei'e sold. On March 15th the day before the copper panic, more than one and one- half times ' the entire capitalization figured in transactions on ,i\v.i' stock exchange. The committee's figures show that Amalgamated controlled approximately 7? per cent of the copper ore^ at this time. In 1906 the price of the ore began to rise gradually from 13 cents a pound wihile the .visible supply faded.' The price reached 2u cents at the height of the corner. As the price of the ore advanced the price of copper stock jumped by leaps and bounds. The high-water mark the ore was at the top point and when was $12J, reached when flhe price of the United Metal Sales company, the trust's selling agency, was disposing of virtually no ore. ' The normal sales each month preceding this time were .approximately 10,000,000 pounds. When the corner was at its zenith tho sales dropped to almost nothing. From March until October 1907 when the price of Amalgamated stock was dropping from its highest point, less than 1,000,000 pounds of copper were put on the market. In this time the stock dropped from $91 to $19 a share. ' When the bottom had dropped out of the market in October, 1907, more than 119,000.000 pounds of ore were dumped on the market. Queenstown, Jan. 17.-Tho British steamer Altnerian. fi 711 Galveston, 1 svml Newport News for Liverpool, came into Queenstown harbor today 'crippled and battered.. On passing |Kinsalr she signalled that she was not under control and neDdcd. assistance, hut she arrived 'hero under her own steam. The Almr-rian encountered a hurri-can January 10. The next day sho ' shipped u hip .sea which killed a sailor, swept the decks clean, smashed the steering gear anil stove in the hatches. U appeared as though the steamer would l'oun.ler before repairs j were made. 1 The Lord Erne,'from Cardiff, Jan. ti, for New York,-took the Almerian in tow on January 12, hut two steel hawsers snapped and she had to Rive up the attempt. The Alinerian then shaped her course off Queenstown. j The British steamer Avala, from 1 Fowey, Jul;. 1, for Boston, encountered the same gales. She was compelled to put back to Queenstown, I where she arrived today in a disabled j condition. Her rudder was broken, all the boats were washed away and her deck was a mass of wreckage. A great sea knocked Captain Frank-land off the bridge, several oi his ribs being fractured. .Several seamen were also injured and were, transferred to a hospital. The sl.ip will be docked for repairs. > * ? ? > > * ? : [ Commerce, to take!! over also the portfolio of agriculture. For several months preparations had been under way for the sitting ai the National assembly. Although there is a permanent force Ql men at the palace, whose husiness it is to' keep the building in readiness for such elections, it had been left to he completed till the last moment.  It was thought on this occasion owing to the multiplicity of candidates mentioned that several ballots would be necessary before any one candidate f.erested in the wage question .willj^he dark financial clouds which have redouble their information getting ac- j greeted Mavor Hardie's gaze , since tivities. 'The opinion of the council ' ne took offl'ce. The finance commit-:ippears to be that $9 is the least, tee is doing everything in its power j to meet the obligations oi the city, I and is hopeful, that by the opening oi j spring, matters will have adjusted themselves once more, and the new I season may be started on a normal j basis. \ sum on. which a giri can live. ET. HOME BANK TAKES OVER TERNATIONAL AND WILL USE SHAREHOLDERS WELL Toronto, Ont., Jan. 17.-''We have .... . v.,,i..i., ,~ purchased the physical assets of the obtained-the necessary absolute ma- r . v. . . * 1 . . PROPOSAL AT EDMONTON TO MAKE POLICE? COURT DERE- . LICTS PAY THEIR WAY Edmonton, Alta., 'Jan. 17.-Human derelicts and prisoners will work out 4 heir'keep and-fines on a municipal farm,'if the tentative plan, .stiggfsted by -Mayor Short, is adopted by the council .of Edmonton. ,The-'question of establishing the, department and the building of a model home for neglected children, will come up for discussion' and action at a meeting .early in February. PRAYING 'OF ALL KINDS Western Transfer Co., Ltd. Office-C.P.R. Freight Shed6 -PHONES- Office: : � : 1163 and 462 Stable-1C51 Martin's Baggage I Transfer j / Phone 1 3 8 6 I Careful and phompt ttrvlca. I Judge Taylor, of the criminal court, who is .heartily in favor of the establishment of a work farm, said today : ' "We should have some system, whereby, while in prison a man might be able to earn  sufficient money to support those, depending upon him during his  incarceration. A plan might be arranged allowing prison-erg to do certain work, and the wages thus earned could be handed to the family to support them. It is dif-f cult to give justice when by sentencing a man to prison it' is .known that by so doing sufferinj, will be thrust on innocent women and' children." Silas H./Carpenter, chief of the police department at Edmonton, who has had'. 35 years' experience in dealing with all kinds of wrongdoers, is of the impression that if the.institution' were placed under expert management muclh lasting good would ro-sult, "and," he added, "'wo should take a step toward the ideal of crime prevention. I believe that drunkenness is a disease and often hereditary also that crimo in any, form is a species of insanity. The time cannot be far distant when science will recognize these truths." Four Deaths and Quarter of Million (Continued from front pagei BARONS MAN DIED IN GALT HOSPITAL The death occurred in tne Ualt Hospital last night, of Georgo J. Smth, of Barons, aged 30 years. The deceased had bcisu; sufering for some time from a malignant diseaae, and in spite of the efforts of his -physicians, he could not recover. The remains were taken in S. Y. Hurst, undertaker, and wilT be forwarded to Barcna tomorrow morning for burial on Monday. Deceased leaves a. wife und three ehildnen to iwuru him. . The insurance on the Brackman-Ker building totals 545,000,- divided as follows: Hartford, ?25,000. Canadian Fire, $5,000. Pheonix of Hartford, '$16,000. The Laird Company stock was insured for $8,000, divided equally between tho Hartford and Pheonix of Hartford. Merritt and Henderson, In the La-chamber Block carried $725 insurance and the Western Cartage Company, $1,000. The Liverpool, London and Globe carried $3,500 on the Lachamber block. This covers the known insurance to date. It is understood that the Canadian Rubber Co.. insurance was all handled in Montreal. The cost of the Brackmau-Ker building was $75,000 and the contents was valued at $50,000. The Lachamber block aud the property of its tenants whicih was destroyed, is valued roughly at over $50,000. In the, crisis the power house house failed to respond I to the demands of the fire department, the Moran pump being absolutely useless and the 8,000,000 gallon Iiiglis pump having to do the whole work. A. iVi. Dougles, district manager of the Consolidated Rubber Co., Winnipeg, asked as to insruarice, said tbet ire could give no details" further tiian that the loss wns fully covered. jority of the votes. The Procedure' According to the constitution, if three ballots are cast without a result,-the candidate then holding the highest total of votes is chosen as President. Out of the nine presidential elections which have been held since tho foundation of the third' r>rmhlic. in 1870, seven have been decided on the first ballot. Onlv at the elections of Sadi-Carnot in 1887 and of Felix Faure jn 1895 were two ballots necessary. Each ballot occupies almost tbres hours as the deputies and senators are called upon separately in alphabetical order to place their ballot papers in the urns. The Crazy Man There Considerable commotion was caused by a stranger seeking to obtain entrance to the palace. When be was stopped by � gendarme and as'vcd his business he pulled out a revolver and shouted "This election should, not take "place." He was at once disarmed and arrested. � A number of other suspects also were taken into custody. The government took unusual military and police measures along the railway lines ,i'rom Paris to Versailles which were guarded tho whole distance by military men posted at intervals of 100 yards. '  A force of 2,000 policemen drawn from ail cities of France was brought here this mornhig as. well as detachments of troops of all International bank at a price in. the 'neighborhood- of fifty cents on ths dollar, and the shareholders of th.* aV sorbed bank will be paid with $760, 000 worth of stock at $128 a J. ED CHARGE AGAINST HIM IS ASSAULT AND ROBBERY-TWO OTHERS IMPLICATED Frank J. Clancey, supposed to he a boxer, w'as this morning committed, share for trial by Magistrate Elton on the each. The announcements handed out charge of assault and robbery. Clan- cey, together with two Malloy, Bro- by Major J. Cooper Mason, assistant general manager of the Home Bank, in explanation of how his institution came into control last evening of the bank organized by Sir Ro-dolph Forget a little over a year a%o with a capital of $10,000,000, of which only a small portion was paid thcrs, were arrested late yesterday evening by Detective. .Kroning after they had beaten and rolled E. J.Mc-Manus, a stranger in the Arlington hotel. The three men were arrested in other hotels after a long search up. All that now remains is tor j by. the detective. McManus gave evidence in his own behalf, which went the shareholders of the International to ratify the deal, after which the paid-up capital of the' Home bank will likely be fixed at $2,000,000; FACES THE COURT CHARGED WITH PERFORMING ILLEGAL OPERATION ON.-. WO-i-A-AH IN WINNIPEG Domestic science instruction in Germany has become so important ithat a special domestic science dictionary has been published. the garrison of Versailles was fined to its quarters. > �5� 4� *2� * ADDRESS ? ? London, Jan. 17.-~Earl Grey, ? of Can- ? ada, presided at the Royal Col- onial institute luncheon, when ? J.' S. Dennis, of the Canadian ? Pacific Railway, spoke �on '"Land Settlement Within the ? Empire." > �Earl Grey reiterated his ap- ? �� peal for the reform of the nat- ? : uralizatlon laws. �$ ** �j� ** *j� -�j* *j� *j� #j> ^ ij� f�i �j� }� e- . tables-that's what Mrs. fc.dwards puts in s"isjis it; nothing but what's pure" and dWUcious. r  ?' As there is no strong added flavt3urin'g,'it .w* will blend perfectly with any other >soOp. ' R"e>Hk>UbeyL to boil 'it joy halfattfikpur. ". .; Sc. pep packet*/ Edwards' Dtficcaled Soups art/wade hi th*ti ' � varieties-Efa&ii,:TuittatOi M'hittay^hpBitfiiiH , \' variety isathwh-, nwmkutg tovpjpipctfJt Uef and fresh, vcgeiablesi-*:- Thjg&ihtri two' art 1 ft \ purtly vtgitablt spSps* r * * �  tots of "daintyr> noW'.'dlsliesai^'fft'neWi, Coo* Book. Write{or5a;,c6pyv,ppsJt�lfro�., , > %}, term in agriculture next weekv A big | Representative's for1' Man|tofeX-^�^yps J crowd is expected. ' - ' , \ atchewan an'd^AJbgctfci V^a-'W 16 1534 ;