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Lethbridge Herald Newspaper Archives

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Lethbridge Herald (Newspaper) - January 31, 1913, Lethbridge, Alberta Friday, January 31,101:5. THE LETHBRIDGE DAILY HEKAL1) Page 3. "FROM A!Pl|eitER CREEK BUSINESS MAN Replying to your letter of October 22nd, which came to hand during the writers' absence In Eastern Canada, we'have no hesitation in saying that any man who would buy lots in Plncher City, Alberta, ,as an Investment, is very foolish indeed. As far as we can see, there is ntft one chance In five thousand of Pincher City ever amounting to anything more than It Ife^a't'the present time; just a little hamlet of perhaps 100 or 150 population. This case is just typical of hundreds of others throughout the West which you have so faithfully exposed, during recent months and you need not hesitate about going after Plncher City wild-catters"-From Toronto Saturday Night. f Our attention has been called to the above opinion of Pincher City, by a man who claims to be a business man of Pincher Creek, and-\\;a2vptiMished in the .December 2.1st issue of "Saturday Xiglil," .a. .weekly newspaper published'in^o-romo, a reply to he opinion was sent to Saturday Xig'ht, but so far the reply has not been published. We do not know which of the two Pincher Creek business men. it was who relieved himself of the above opinion, but this one claims that he * was in eastern Canada at the time the 'inquiry arrived; as an apology to Saturday. Night' for nnto, a reply to the opinion was sent to Saturday future of poor Pincher City sooner, (We presume was in Eastern Canada handing down his opinion as to when Pincher Creek would have another air line railway.) If this is Mr. Pincher Creek businessman's opinion of the future of Pincher City, we would like to hear his opinion of the future of Pincher Creek, as the only nourishment it has received for tlm-past 6 or 8 years, are repeated doses of false Railway reports, and it looks very much as if this is what it will have to subsist on in the future. We''will not say anything detrimental about Pincher Creek. If the Pincher Creek people are satisfied with future prospects, we are, and the Pincher Creek business man heed give himself no uneasiness about the future of Pincher City, very likely he has reasons for hoping that his opinion of its future may come true,: baft, it's, very evident that if he had his way about it, his prediction-would come true. , ,,. , . } � We believe that Pincher City has a'future, the business men who have left Pincher Creek and moved to Pincher City believe it has a future, the Grain Growers' association which has 'ust recently pulled up stakes in Pincher'Creek and moved to Pincher City ,believes it has a better 'nture than has Pincher Creek or it wouldJiaye remained in Pincher Creek. And the farmers owning land in the Pincher. Creek School District, who. are now appflying for admittance to.the. Pincher City School^istiuG^,, believes Pincher City has.a-future. The business men of Pincher City, also business men'of 'Letlib'tidge, and Calgary, who bought Pincher City property, after having first personally investigated Pincher City and its surroundings,,,believes Pincher City has a future. And this Pincher Creek business man expects you to-bblieve'tfeat these men's opinions of Pincher City are all w^ng, ftnd.-th.at his opinion, not supported Ity. c^..single j^ason,.;adl,;1rigli:ti ^;:Qur advice "to- hiH^^s^plc^t out his little two by four opinion about Pincher City,.Anduse a little judgment by bu^ih^a'^few Pincher City lots, while the price is within his reach,/"and write "Saturday Mght'r'andv\dvise them to do.-the ��same.- -1* Our reasons for believing that Pincher City has a future are: ; r it is on a solid foundation. It owns its waterworks system, and praotically all the houses, both business and residential are owned by citizens ocumpying, them, and, all. or nearly all are free of encumbrance, and having more territory-..fix)in which to draw trade than Pincher Creek, and being connected, with the fertil\isnow master general of in had successfully adopted a system of; state loans. It was possible that the matter of interest and loss might be controlled by some such system. J. G. Turiff (Assiniboine)j declared that the bill which the government had brought down might have been framed by members of the Bankers' association, it was so much in their, interest and so little in that of .the general public / ... Mixed Farming Issue Dr. Warnock of Macleod, sn'd that western settlers were not:particulars posal that the big banks should guar-j ly interested in banking from - the antee the- deposits of the others. It: viewpoint of the depositors. They' would mean the equalization of the | were more anxious to borrow money 'credit of all, and create an undesir-|-for purposes of development. At. tfhe able situation. , ..... '".present time ,many '.of -1-tb.e farm'ergiof Dealing with the suggestions that -the west were/discouraged-- and � liens given by farmers to-the-banks I number next summer would have ,to under the new provision of the Bank: leave their homes and seek employ-Act should be registered, Mr. White j ment. The next five or six years-said it was doubtful if proper machin-i would,;be -a very critical time for thd ery exists in all the provinces for-Such I west. If the farmers eo into mixed registration. It was a matter for the.j.farn"ng they will.require money at a committee to look into. ' | reasonable rate of interest. On this As to the complaint about the rates | account the question of state lo'an of interest, -Mr. White said he had never heard that the banks w^re% charging as high as 12 per cent. ,lf that was so it appeared to^bim like; extortion. .. , -V A question to be .considered was; whether the making, of this clause-, too drastic would prevent the. banks[ opening branches in small places.. Mr. White agreed that there was a good opening In Canada for small banks with a capitalization of not less-than $250,00Q, provided they 'would stick strictly to the banking business.! He believed the branch system.. of bank to be better that the unit system, which in the United States bad been found to he subject to paniciji. Mr. White repeated his .former de: claratibn against a system- of government inspection. He -said that the audit proposed would prove.,to. be le'tr fective in catching all irregular or fraudulent practices. He would be only too glad to receive any suggestions which would strengthen this feature or any other., feature of the thill, as it was desirable to frame legislation in the Interests of the whole people. Mr. Emmerson The debate on the motion for the second reading of Hon. T. W. White's bank' bill was resumed' by Hon. II. R. Emmerson, .member., for West Moreland. Mr. Emmerson commended the "courage" of Major Sharpe. in= the letter's criticism of the bill from ; the minister's own side of the hou^e,. Jit required courage, he, said, for a, ; member without regard to partisan-: ship to do as the member for North. Ontario had done. . fc5 decade in the United .States_.jtbrough the concentration of capital.. The;,same forces, he Said,-were working jn'iCgn^ ada and were a. menace to"the,Vgre'at* j masses of tho people.. ,, .;... jr,^,;� I ."There is lurking in everyvipara^" �graph>of this, bill,"- he said;>,ythe mosphere of'that menace. We- In Canada have cotne down, "to a^cfj'tfdftiqrt of. affairs whore but twenty-three' m'en' .control-our.transportation; �financial'1 might well be considered. Dr. Clark, of Red Derr, also' spoktf advocating a government audit. WHEAT CENTRE . ; Mike Olson has returned home after' spending a few months in B.C. Mrs. Emll Johnson and the twins are doing fine. , . ,, �.. The Dal ton brothers have been on the sick list for the past week. ., �> The basket social and dance given at the- First Chance school was well attended; a good-,time was enjoyed by all present. , - ' Ralph-Booth and J: Durand were, visitors at the Dalton ranch on Sunday last. . . � Gordon Johnson is busy hauling.water and feeding his hogs these days... . IS NOT THE MAN ^ " -Vancouver, Jan. 30.-Convinced tjhat the man they had, under.-surveillance . is the one wanted by the Calgary police for the. murder of Brakeman Roy Blair at Morley.ls not the-?'-man,-' the provincial police have wired "to this effect and will not arrest Kim'/-* C. L. Stephens was elected' .president of the East Simcoe- Agricultural Society. Hon. W. L. M. King spoke .in.' the Penetang opera- house �on the naval question. >1 J $30,00,v Get Busy! Six room house, on 50 x 126' feet, 12th St., near 6th Avenue South. $4;000.00 . $500 cash,; balance month, 7%. Clear Title �* �. J ' v t' '-,'?'�- ;..^-*'----,�T'^'^V/'^��^;'�A^^i^;�f^ The Dowsley - Mulhern 743517 ;