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Lethbridge Herald Newspaper Archives

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Lethbridge Herald (Newspaper) - July 10, 1917, Lethbridge, Alberta PAGE POUR THE LETHBniDGE DAIL* HEftALD TUESDAY, JULY'10, 1917 letbbrftae Iterate letbbri& per cent, for the stock they hold. A dividend of fi per cent, represents only a return of the sum's paid for interest. Fersistent inquiry has failed to discover any source from which earnings can he made available for dividend purposes. What becomes therefore, of the provincial treasurer's I statement that these shares would 1 ncquire a value of double their par { value by the dato of the maturity of 1 the loan, or of the statement made by the Manitoba Free Press that the association would be able to pay a dividend of 10 per cent, per annum or better? The issue of Manitoba bonds above referred to is a direct liability to the province. Securities issued by the Farm Loans association with the guarantee of the province will not sell as high as the province's own bonds. Thai the author of the farm loans plan realized that the scheme was not self-supporting is clearly in-! dicated by the grant of $10,000 which legislation gavo to meet, the ^PICKED UP m * PA SSTJVCr FoR THE BUSY MAN THE PROGRESS OF THE WAR The Russian offensive, speeding row' at a greater pace than hitherto reached, is rapidly enveloping the Leniberg defences, and within the past I the few davs seven villages and a great. | deficit for the first year of operating, amount'of war material has been cap- j Ts Brunt will become an annual one ' I nml raust inrg;eiy increased. For tured from the Teutonic forces. Lem-, inst!ince> shouU1 tho government find berg, once in the hands of the Rus-j itself compelled to undertake the elans again, will open the way to the supply of the entire mortgage needs capture of more important places j ot nJe farmers of the province of ,, , , . . ,,, i Manitoba (estimated at 160,000,000 at which were all but within their hand.-,; (he pregent timc) th(j taxpnvers of in the earlier days of the war when , ti,e province will have to put their the first offensive of the Russians car- j hands in their pockets for an annual ried them through Galicia and into j contribution of 600.000 to meet the v . demand of the farmers for t> per cent. Hungarj. money-a demand inconsistent with While the latest German air raid on CCOnomic laws. England has roused indignation never before known, and a demand for reprisals that is becoming more insistent, the French announce the success of. their reprisal raid over German territory in which it appears that great damage was done to the Krupp Mr. Tomlinson replied as follows: The Manitoba Farm Loans association has been doing business nearly six weeks, and In that time formal applications for loans have been received amounting to nearly three-quarters of a million dollars. Arrangements have been made Pte Duncan Mitchell, a well known Calgary football player, has been awarded tho Military Medal. The newest thing in tag days was the selling of matches on the recent Lamp Day in London, for tho Scottish Women's hospitals. Donald McLeod, a well known mining man of H. C, was killed in tho Great Northern railway yards at Vancouver. His mother, aged Sl>, is living at Peace River, Alta. Lieut. Malcolm Douglas, of Woodstock, who returned homo wounded some months ago, has received an appointment as adjutant in the lloyal Flying corps. Premier Arsenault will be opposed in the by-election in the third district of Prince Kdward Island on the 25th instant by I. R. Delayney of Wellington. First Baptist church, Syracuse, N.Y.. recently erected a $50.0,000 building, on tho three upper floors of which a church hotel for men is operated. At a patriotic meeting in Xew York at which Secretary of War Baker, was the principal speaker, Red Fox James, a Blackfoot Indian, pleaded that his race be given a place in the war. Prices of staple groceries in Vancouver have increased by fifty per cent, during the first six months of this year, according to an estimate made from Dgurc3 supplied to the Vancouver Sun. Christadelphians in various parts of Canada have petitioned parliament for exemption from compulsory service under the provision of the military service bill relating to "conscientious objectors." The now parliament building at Ot-: tawa, to replace the one destroyed i by fire was formally dedicated on Dominion Day by bis excellency the gov works at Essen, and that fire3 were \ whereby the sum of a million and a i ernor-general, Premier Sir Robert Cor- started in important places in other towns. The' French raid, while conducted as a reprisal, was more in the nature of a military accomplishment as very few civilians,' even according to the German report of the raid, were killed or injured, and places of military inmportance only were attacked. WELCOME TO CALGARY AUTOMOBILE CLUB. We welcome to Lethbridge today the Calgary Automobile club party who will be our guests for hours. W"e are glad they are taking the opportunity to visit our prosperous city and district, but we are more concerned because it gives the auto owners o� the two cities an opppor-tunity of discussing road conditions quarter dollars is immediately available for loaning at a cost to the government or the association of slightly less than 5 per cent. Tho issue and sale of 52,000,000 5 per cent, bonds made by the province a short time ago had absolutely nothing to do with the financing of the association. The grant of 510,000 made by the government, to be used for purposes of organization, is being expended in fitting up and furnishing offices, advertising, printing, procuring books and stationery, etc.-in short, providing the machinery for doing business. The experience of loan companies a few ! shows that the annual cost of carry-' ing on business has been less than three-quarters of 1 per cent, per annum of the invested fund (not the 1 per cent, as stated by Mr. Crossin). The experience of rural credit or farm loans associations in different countries shows that the cost of administration or operation has been from one-quarter to one-half of 1 per cent, of the invested fund, the ma-nearer the quarter than the half. The den. and Sir Wilfrid Laurier, also delivering notable addresses. Lieut. Thos. Rowat, son of Rev. Andrew Rownt, of St. Lambert, Quo., and who wm in business in Cobalt, has been killed in action. Tho olght-mllo canal connecting Puget Sound with Lake Washington la opened. This will boom Seattle as a Pacific port. Dr. W. W. Ames, late deputy commissioner of Saskatchewan liquor stores, has been appointed deputy provincial treasurer and registrar. Zionists In Canada, under IS years of ago are to bo formed Into a. separate organization, called tho Young J ml can Federation, under tho auspices of the present body. A. II. Webb, who has been In charge of manual training at Nelson for a year, has resigned to acopt the position of vocational officer at the Balfour sanitarium. A beautiful monument will bo erected in some prominent square in Paris to conimomorato the co-operation of American men and women in relief work during tho war. Property valued at $700,000,000 from which Nicholas Romanoff, formerly emperor of Russia, enjoyed tho revenues for life only, have been taken from him by the provisional government. Mr. and Mrs. Ira Klppon, of South Orange, N.J., have turned over their fine summer home on Leek Island, in the River St. Lawrence, to tho Canadian Red Cross for use as a hospital. The British house of commons, acting on the franchise reform bill or, as it is officially known, the representation of tho people bill, decided by a vote of 201 to 1G9 to reject to the principle of proportional representation. The coroner's jury investigating the death of Fred Seigal. who was fatally injured while driving his car at Calgary races, brought in a verdict that excessive speed on a track What Shall We Do For Our Crippled Soldier., By J. S. DENNIS, of tho C.P.R. }n Southern Alberta. Auto clubs have it in their power j jomy ^ ^ Laiidgchaft 8y8teffi to accomplish a great deal along the ; q( Germanv_ Ule parent 0f all agrleul-jines of their endeavor. Friendly | turaj organizations, is operated at a \isits such as Calgary is making us ; cost of 15-100 of 1 per cent., which is today will help along the good work, j approximately 1-7 of 1 per cent � ^n jmstrative comparison ot one, of these associations and one of the \ local loan companies of this city would be that of Eaton's to one of the stores next door; and any man with vision can see that the Manitoba Farm Loans association will be the Eaton's of the loan business in this province. 1 The association will not need to ask for any further grants from the government, so that the pockets of tho taxpayer are perfectly safe from any further depredations, but I have no doubt a great many of them, those at any rate who own and work the land, will find when the tax collector comes round that they have the money to pay with. Should it come to pass, as Mr. Crossin has said, that this association be called upon to supply the entire needs ot tho farmers'of the province, which be estimates to be $60,000,000, considering thac the average rate of interest now he.'ng paid is over S per cent., and the association is lending (THE COST OF GOVERNMENT FARM LOAN MONEY. Some of the loan companies operating in Western Canada havo been active recently in endeavoring to create a suspicion of the farm loan plan of the provincial governments lot the prairie provinces. It 13 true that most of the strong companies Jiave intimated their desire to cooperate but other concerns have not been aback in dashing cold water on fixe scheme at every turn. Whether A. L. Crossin, past presi-jflont of the Winnipeg board of trade, )s connected in any way with any Wan company we do not know, but pi a recent article In the Monetary >Times he asks the question, "Can Jeven per cent, money be loaned at ^lx per cent.?" He then proceeds to1 cj G per cent., tho'Vural'Taxpayerrwili phow that that is what Manitoba is j have between a million and a quarter trying to do. He is answered in the lame issue, however, by A. R. Tom-Jinson, secretary of the Manitoba Farm -Loans association. In view of the fact that a provincial Farm Credits act is among the Recent legislation in the province of fJberta, the criticism and the reply Mil be very Interesting to the farmers of the province, so we reproduce Ihem below. Mr. Crossin says: The recent issue of ?2',000,000 of Ive-year 5 per cent, bonds of the pro-rinee of Manitoba is being offered to Ihe public by bond dealers at a price lo yield the purchasers 5% per cent. >or annum, payable half-yearly. Ob-riously the government pays the bond lealers a commission on the sale. For example, the finance minister Itated In tho Dominion house re-lontly, that the government's war pan issue had cost % of 1 per cent. It may bo assumod, therefore, that ihe province of Manitoba is paying 1% per cent, for Its money. The experience of lending companies demonstrates that a carefully managed ompany cannot carry on business at A annual cost ot Iosb than 1 per cent. I ltB invested fund. No prudent ompany could contemplato conductor an active business and neglect rovidlng out of revenue an arequate eserve against losses, A provision t */4 of 1' per cent, per annum will ertaluly not be considered excessive nd is veterans are cared for annually. These homes are practically alms houses with Federal and State Governments, providing the maintenance. No attempt was made- In establishing these homes to train the maimed! so that they could overcome the; handicap of their injuries. The losaj of an arm or limb, or an eye was con-j sidered of such a permanent nature' that the patient must be cared for aa a public charge for the balance of his life. Perhaps this was because of the* lacli of knowledge of the wonders of vocational training; perhaps It waa1 but the shifting of governmental responsibility. It must, be said, of! course, tbat all disabled soldiers ot the Union Army did not enter these; homes. There were many who fought out their individual handicap and fln^ ally succeeded in training themselves to fight life's battles, successfully. , Let us assume that Canada Invests one-half of the money In so-called' soldier homes that the United States did, roughly, $5,000,000, and that we started out to make these homes technical schools as well as hospitals.1 How many lines of industry could eventually be supplied with trained workers from such a source! Canada needs skilled farmers to wrest tho wealth that nature has so abundantly stowed away in our prairies, or even in the farms of the older settlements of Quebec and Ontario. What better way for the state to provide these expert farmers than to educate as many of these disabled soldiers as show a leaning toward agriculture! There is too much haphazard employment at the best of times; and with the flood of men having to'be placed simultaneously, there is a greatly increased danger of shoving them into places without regard to cultabiity. Putting square pegs into round holes does not pay. We must use brains and ingenuity in forming our plans tor doing the best tbat can be done for and with the returning men. Good people often say to them "Nothing is too good for you."' It Is easy to talk like that, In vague generalities, but we have got to come down to particulars and find out In detail what Is best for the men-yes, am for each particular man, with his individual capacities and aptitudes. Surely the soldier who has risked his life and lost his liml or haa been otherwise disabled, deserves the very best that the state possibly can give him. It Is not charity-but Justice. The productive value of these retrained soldiers will be an addition to our assets rather than a charge and a liability. During tho fifty years since the Civil War the United States haB pa 14, out moro than a billion dollars in| pensions to veterans and their d*^ pendents. No one can deny the duty of tho state to provide for the disabled soldiers. The pension is but a! partial payment of the debt to the disabled hero. The debt includes, as well, all possible help so that he may, with the assistance of hlfl pension and the special training in suitable, vocations, be able to provide aa well or bettor for his family as bo could have done before he volunteered hia services in defence of, tha Emplr*. This, like all other 'assistance, however, merely puts tho man in .8 position to compete on an equal footing. He is In a better position to fight tho "Battle of Life." But no matter how much the state helps him, it is up to the man himself to make the best ug� of the advantages and to succeed. not suitable for auto racing caused the accident. They recommended that tho authorities discourago such racing for competition purposos until tho necessary alterations havo boon made. A dispatch from Sydney states that with tho objoct ot stimulating recruiting In New South Wales, Sir Samuel Mc.Gauchney has offered tn insure live hundred soldiers for a total of $600 entailing an outlay of about fifty thousand dollars annually. Dorothy Mlntchc, a Macedonian girl only four years In this country, who could not speak a word of English when sho came, has como head of her class in I loss street school Hamilton, mid has ltnlttod thirty pairs of socks. W. J. Coleman, of Winnipeg, once prominent as a real estate dealer, cut his throat with a penknife In As-slnihoino park. Dospoudoncy over continued ill health is given as the causo. Mr. Coleman's right side is paralyzed. Ho may live. Mrs. Chadwtck, whose husband was for years proprietor of peer Lodge hotel, Winnipeg, died recently. Tho dead woman was one of the best known old time residents. Mr. Chad-wick died a few months ngo. W. D. Ruler, prosidont of the board of trade at Kitchener, Out., resigned following the passing of a resolution favoring the conscription bill and tho Borden government in tho war campaign. That it would be a good thing for tho Dominion of Canada to secure a million Chinese on a three-year contract for farm and mining work In Western Canada, Is the suggestion of E. A. Jamos, formerly of the C.N.R. Tho new board of education of Chicago, awarded a contract for 40.-000 new spelling books to tnko the' place of the volume that contained a eulogy of the Gorman emperor and i caused considerable agitation several! months ago. I Central Methodist church, Detroit,' declining to be crowded out of the- down-town section of the city, has erected a $310,000 parish house, the first floor rented to business houses j and the other floors used for church j and mission work. I _ i Andrew Bonar Law said in the British house of commons that his duties as chancellor of the exchequer . did not permit bim to give as much j time as he would like to the work of the war cabinet. As a result, he believed, the premier would have to make an addition to tho war cabinet. K. Wagner, of the hardware firm of Magen & Wagner, of Assiniboia, Sask., while on his way on a pleasure trip by auto to Glacier Park, Mont., sustained fatal injuries from the accidental discharge of a gun which lie was getting into the auto after raising a gate. Another blow nt caprlco and vanity was dealt when tho head barber at nil N.C.O.'fl must, If not qualified for appointment In -overseas forces for tho Majestic hotol, New York, put up i the rank thoy hold, qualify within tho signs rending as follows: "To aid tho , two months aftor appointment, other- government In Its policy of conserving food, egg shampoos will not bo used In this shop until tho war Is .over." That nctlpn should ho taken by the Canadian government to Improve the ocean transportation svstnm between Canada and Gront Britain, France and Italy, and that Canada's resources should bo systomattcaly advertised abroad, la urged by the special tiado commission appointed a year ago lo conduct inquiries overseas, Roderick O. Matheson, editor of the Honolulu Commercial Advertiser, was: arrested on a charge of ' libel proferrcd on account, ot Lucius l.'. Finkhnm, governor of . the territory of Hawaii. The charge Is that Matheson libelled Plnkhnm In an editorial headed "Under What Flag?" in which It Is charged Matheson accus-Pinkham of pro-Germnnlain. A now order has boon Issued from Winnipeg military headquarters that ppolnti: wlso they will revert to tholr permanent grado. HAIL INSURANCE Yon enn't afford to carry your own risk. Tho companies we represent enn afford to carry it for you, because HAIL INSURANCE is their business. Insure today. II. GALVIN Room 7, McDonald Block Phone 1425. Lethbrldge, Alberta Traction Engine REPAIRS We are well equipped to handle all kinds of repair work on either (team or oat tractors. Only high class work leaves our shop, and we will quote you prices that are right. NIVEN BROS. 216 First Ave. 8. Phone 1732 INSURE NOW You cannot afford to gamble. We have always received fair settlements promptly from the company we are representing. Alberta Securities Balmoral Block Lethbrldge SECURITY s SAFETY s SERVICE FarmersFire& Hail Insurance Co Is what you have been waiting for. It Is what wc have all been waiting for.-A company owned and controlled by the farmers of Alberta. Organized to give us the service we are entitled to and to keep our money at home. Secure your hail protection early by obtaining a policy In The Farmers Fire &. Hail Insurance Co. HEAD OFFICE, AL3EP.TA BLOCK, LETHBRIDGE "Do Business In Your Own Crowd." SECURITY :: SAFETY :: SERVICE At the regular meeting of tho Winnipeg trades and labor council, a motion was adopted calling upon the Dominion government to provide a pension of $100 per month for soldiers who have been totally or permanently disabled in the war, and widows with dependent children. The plant of the Transcontinental Compress company, at Paris, Texas, with its contents of 2,700 bales of cotton, was destroyed by fire, entailing a loss estimated at more than 5400,000. Officials of tho company express the belief that the fire was of Incendiary origin. After a hearing lasting only one day, chief Justice Hunter, in the supreme court at Vancouver, set aside the Kitsilano Indian reserve award of ?6GG,000. He held that tho whole arbitration proceedings were invalid, as the province of British Columbia was not a party to the proceedings. A tin containing two pounds of potatoes was the birthday gift sent by D. Shirriff of Brandon, to his son, serving with tho Canadians in England. They were received by the soldier in splendid condition, but a cable came a few days later saying that the. son was among the killed in action in France. HAIL INSURANCE In selecting a Company to place your Hall Insurance with, there are two important things to consider. First, the financial responsibility of the Company; second, their reputation for prompt and satisfactory adjustments. Such an Investigation will show the BRITISH CROWN as a leader. Don't take a chance. Let us place it in the British Crown. R. V. Gibbons & Go. PHONE 1191 BALMOKAl duOOK Hail Insurance Now is the time to place your hall insurance. It will cost you no less one month hence. Your crop this year will undoubtedly be the most valuable you have ever raised, therefore, you ohould take no chances. Select a reliable company. Our company has been doing business for over eighty years and Is thoroughly reliable. SEE US NOW Wilson & Skeith GENERAL INSURANCE Office: Ground Floor, Sherlock Bldg. Phone 1343.-Policies issued In our office giving immediate covering. If necessary we can cover you by phone. Included In the Assets of Our Company are Dominion War Loan Debentures - $130,000.00 HALF-HOLIDAY All Stores will be Closed after One o'clock on :: :: WEDNESDAY AFTERNOONS During July and August, beginning Wed., July llih ;