Lethbridge Herald, The (Newspaper) - July 20, 1909, Lethbridge, Alberta
If- THE LITHBRtPQE DAILY HERALD. TUESDAY. JULY 20, 1908. Sfc Your Palm Read Past, Present and Future REDUCED PRICES FOR 3 DAYS ONLY As a matter of advertise- ment, MADAME DEL. MAR, The famous ist, will read your palm for the small fee of .50c. COME NOW, DON'T OEUT Find out what the future has in store for you. Madame Delmar guaran- tees to reveal every in- cident .of your life, past, present and future.- Office hours, 10 a.m. to 9 p.m. Room No. 1, Shepard Block, NEXT TO ALEXANDRA CAFE THE SOUTH ALBERTA LAND CO. LTD. also that the terms are fair. I would like the shareholders to rwilizp tha am interested in this guarantee. It is only fair that you should know that I am on both sides of the fence. We may take it that ihu laud to be irri- gated certainly will have a value of not less than the security, therefore, is ample. At the same time we must realize that it is thanks to the lenders that we are able to put through this large scheme and make! j our assets so valuable. We there- fore felt that the lenders were entit- led to a certain share of the profits which their money would enable the company to make. We have provided for these profits by giving them an option on reserve shares of the com- pany. Some shareholders would pro- bably ask what would happen if the whole of the shares were to be called; arid I want to make it quite clear to you that in the event of the whole be'hampered. If the shares are call ed, the Debenture holder will gain iu security and should be satisfied. On the other hand, it might suit the com- pany to pay off the debentures, in which case they will have power to re- deem the debentures at six months notice at 105. In this case the deben- ture holder has done well. It is quite possible, however, that the company may find that they can invest the pro- ceeds if., better advantage than by paying offj the debentures. The scheme is there- fore drawn up with a view to elasticity and I think personally that there is ty to the extent of eight million cubic) I -JJ J A j. whicli wil1 senate! 0011100 00110181 Until Relief Came. about 35.000 h.n Town Development We have a number of townsites on our property, one of which we propcs. to start developing at once. This, from its situation and natural advan- tages should be one of the towns in Southern Alberta when we get rail- way connections, which we hope to do very soon. With regard to the ra- pid development of towns in Southern Alberta, I might say that there are gentlemen in the room today who 18 months- ago'took train with me at IUI.'.A, win] uip 36 every chance- that we shall be so sat- 1 a little flng station named Bow Island where there was not a single house. tried w, h the that the shareholders will not only make mon- ey out of the option on the shares, but the company will receive a very large working capital, which will en- able it to have its full share in the developments which are certain to take place in our large area. "Vast Potentialities" I told you last year that our land holding is equal to that of the whole county of Surrey. Today it is prac- tically bare plain; but, given f M selves to pay off the debentures. The scheme has been drawn up in this way in that the future action of the Board should not in any way of the shares being which j tion and sma11 holdings, a large pop- case we shall receive a further ulation certain to grow up, and do not in any way hind our- Dories will be established. There will be all sorts of subsidiary undertakings, and we ought to be in a position to participate in them. Thanks to the energy of our managing director, we have secured the charter Today there are in that place three hotels, iour general stores, and a suffi- cient population to incorporate the town. This will give you some idea of the progress that is being made. Lots have been sold at each, and I see by the paper which I received yesterday that the Imperial Bank has bought land and is starting to erect a bank, so that you will realize that things are moving fast out there. We are having a very large imigration, particularly from the States, to South em Alberta. It was estimated early in the spring that we should have 000, but in a.paper that I have receiv- ed recently I see the number has 'al- ready reached At the present time you cannot get a place in an hotel in Southern Alberta to sit down' TERRIBLE OF AN GIVEN SOUND CONTRAC- TOR AND BUILDER. MR. WM. KKAXTH, Own Sound, Ont writes: "Having read some of the lu-miuU.of by Dr. Fowler's fcxtract of Wild Strawberry, I thought it to a word of" praise for its merits. borne years ago I much troubled with stomach trouble and crumps. 1 to roll on the floor m and on C-HC occasion I went iuto a faiut'auer Ujterady for four A short alter tbii, m driving to town, I wan M- Ucked and had to down m my rig, teeking relief. J When I reached the drugstore I Mkcd kid The artment Headquarters for Office Stationery of all kinds Fully Equipped in All Branches of the Trade Expert Mechanics and the Latest Machinery If you have not tried us for your us turn yqu out a trial order Letter Heads Bill Heads Statements Envelopes Phone 106 Invitations Announcements Circulars i Pamphlets Etc., etc. Lethbridge Ironworks Co. LIMITED vT- Engineers, Iron and Brass Founders, Machinists, Boiler Makers, General Blacksmiths and Jobbers No Job Too Small No Job Too Large We manufacture and carry in Stock everything re- quired for a mine, mill, elevator, farm engine or building Workmanship Guaranteed to be First Class upon> let sleep in. All the land that i? for homesteads in that part of tlle country has" been taken for the railway, which will run through our land, east and west, 'soj t-hat the Southern Alberta Land Corn pjauy will have a iarge interest in j Hp' this railway. You have here a con-j The speaker proceeded to point out crere example of a subsidiary enter-j to the meeting., upon a sketch plan prise which may gr-nv out of the de- of the country, that those portions velopment of that estate. I 'feel cer- which- had riot been surveyed up to taiii, therefore, thai the shareholders j the present tima had squatters'on will approve the action of the Board tneni Baiting for the surveyors. He! in taking up a strong line and getting also pointed out the portions of the together sufficient capital, so that we' which had been largely sett'l- will not depend on any hand-to-mouth i ed> and the direction the railway policy. ;At vthe. same time yo'u take. He indicated the s'itua rely upon it-that we will not allow j tio'ti of the land originally held extravagance, "we have arrived at [the company, and also that exchang the counter until relief came. remedy I received from the druggist u-M Dr. Poor's Extract of Wild Strawberry Whenever, after that time, I felt commg on, I found in _- -V.-.UU. ojmvur rcuei in me mentioned remedy, and I am Hon- oured of thw dreadful maladv. The hot: !e IB small, but its contents eflect marvel- cms cure. I can recommend it highly for the cure of cramps.1' Dr. Extract of Wild Straw- berry has been on the market for 65 years It is not a new and untried remedy... for it and insist on getting what you ask for Refuse substitutes. They're dangerous LUNDBREGK NOTES Lundbreck, July Johnson, Hifh. River, of her sister, Johnson. Mr. A. president of Gal'bnaith Coal Co. paid the town i flying visit on Thursday. Mr. David Muir, one of the pioneer miners of our mines, is back amoagvt us again. Mr. Muir has Just landed Miss Johnson entertained a number of her friemls at cards on Wednesday evening. A most enjoyable evening was spenx. Nurse MacDocaid is again us after a two weeks' nursing 'owley. She is at present______ Mrs. Coleman of town. Miss Mac- Donald 'has proved herself to be very efficient person in her profession Her ready smile and good humor are "xcelleiit medicine. The lawn social given by the Ladiet uild on Thursday1 evening1 a :ost successful event. The ladies have every reason to be proud of .the uccess of their undertaking. A'.good rowd attended from Cowley and the country and a most-enjoyable-even-. ing was spent. After the social the The Alexandra A cool, pleasant place to dine these hot days. Every- thing that the mar- ket affords at prices to snit all. N. H MURRAY, Prop. our conclusion after long considera- ti-m, and only because we are satis-, fied with the 'enterprise with which ed for it, on the other side of the ri ver. This exchange, he said had mad the property more com you are interested is one whicli may i pact, which was an advantage, be the largest and' most lucrative enterprises -taken up in Western Canada. I hope I have made it quite clear t-hat today we have assured, ourselves of 000 by from our .own funds. For this we give ah option, to the lenders of one share-at 30s. for each of debenture stock. If the whole of the option was exercised, therefore, the company would have an issued capital of 000 of debentures. Ag- ainst .this the company would have in cash, being proceeds of shares, at 30s., and would already Jhav.e been expended in irrigation, :which. wduld, I believe, gree a value to the property o'f at least sterling. In addition to this you. would have a large rental annually from irrigation of a vast tract of country which'is already set- tled and crying for'water. ask you consider this, proposition, and we. hope very much that holders, will show their appreciation of the vast potentialities of this com- pany by subscribing" to the deben- tures, thereby securing for themselves the .benefit of the options and.a large share in the future profits of the com- pany. (Applause.) The chairman: I.now call upon Mr.; cause in irrigation the larger the ir rigable area the better. In other word; the more of the land covered by the lateral the better the proposition was In regard to the company's property he was glad to say that they, held pro- bably the largest blocks that could be irrigated fromt one line of ditch that there were America. Twenty- five per cent, was considered quite a large amount of land to irrigate, but in lots of townships which this com- pany had, they could irrigate 75 per cent. The prospects of the company were now in excellent shape, and they could begin to sell irrigated land next spring. In conclusion, he could only recommend the shareholders' to read carefully Mr. Anderson's report in or- der to realize what a fine property they had under this irrigation scheme. (Applause.) The resolution was carried unani- mously. Mr. Grenfell then moved: "That Major-General Sir Eonald Lane and Mr. E. A. Hitchcock be and-they-are hereby re-elected directors of the com- pany." In doing so he remarked that j in connection with the work the past the 'directors 'had not hurried them- selves-' iii any way. They h-ad taken their time, although considerable pres- sure had been brought to bear upon McGregor to say a few words to you. them by shareholders to hurry things forward so that they might have some substantial result of their work. He thought that the scheme which had been brought forward on that occa- sion showed that the -policy adopted in the past had not only been a con- Statement by Mr. McGregor Mr. James Mr. Gren fell has told you that since I came here last year, we have made an en- tire change in our scheme of irrigation Upon going a little further into the matter of surveys we found that we could get onto the property by tak- ing our water out of the south side of tht Bow River, and this necessitated a change. in our lands, which we were able to arrange satisfactorily. We found that by taking out our canal on the opposite side of the river we were able to utilize a large natural- reservoir, consisting of a large de- servative one, but had been in the) interests of the shareholders. For that policy the shareholders had most ly to thank the chairman, Sir Ronald Lane. He therefore, had no hesita- tion in proposing the re-election of the chairman and Mr. Hitchcock, as he was sure the shareholders would un- animously re-elect them. 'Mr. Fred Baynes seconded the reso- lution, .which was unanimousiuy ag- pression running through the country! from the Little Bow Big Bowl On the motion of Mr. W. Illing- nver, a distance of about 22 miles. worth. seconded bv Mr. F. Seyffert, Ly damimiig up both ends of this cut the auditorSj Messrs. Price Water- and turning water into it, we shall h6use and Co. were be able to create a lake, which I am! The chairman: 'Following the told will be the second largest artifi- speeches and explanations you have cial lake m the world. It will contain j just hearcl regarding the operations acre luet of of the company. I have now to pro- pose a resolution, which I will ask Mr. Grenfell to second, cubic feet perj "That the capital of the I second.-u. will take ISO days to fill! the ?ame is hereby increased from! the lake, and should be able, to ir-! to by tire creation of! ngate doubl-j thy quantity of land for! a further shares of without taking any water out; suclv share? to rank pari passu with] oi the river for a year. This forms! ihp existing the means that it will cover acres a loot deep. nh the capacity of our duch Simono Le'Bargy, an actress was married at Cisors, France- to Claude' Cashier Perior. son of the former Pres- ident of the Republic. a reserve which in my_ mind, makes! Mr. GrenMl seconded the motion. our water sy.-k'Ui absolutely which was unanimously adopted and and I do not think there is another j the then terminated. one like it in America. The scheme i presented very little difficulty except in one respect., and that we have boon able to overcome: successfully. Tin: i work is now under way and we have j now construction going on throughout; the full length .-if fifty-two miles, to! the point wluTv the water will be turned into the reservuii. I hope: that by the middle July we will have the work well in hand. Between the resi-r-1 voir and our own land there is a dis- j trict containing about acres' 1 of land of which I think that prob-! ably acres is irrigable, so! that we shall get a ready sale for wa- j ter rights over this distance. I dare-' say that you are all aware that prob-' ably the largest gas well in Canada has been struck on the edge of our! property, and other wells have beonj proved in different directions, which! practically makes it certain we! car- get gas anywhere on the ph'ypor- POSITIONS GUARANTEED We hereafter gunra im- positions to all of our stu- dents of good character 'and habits after they have srrad- There is no chance of our holding up pupils be- cause we cannot place them, as we do not set our own ex- aminations. We have so- cured the -agency for the Sheldon Course of Sales- manship and'Pagr- Davis Course of Advertising. For particulars regarding our guarantee or the courses mentioned above write GEO. J. .SCHMIDT, .Prin., Garfautt .Business .College, P.O. Box SAY, FELLOWS! HAVE YOU TRIED THE NEW ENGLAND RESTAURANT? THEY ARE MAKING A GREAT START DOWN THERE. THE NEW MAN- AGEMENT KNOW HOW TO PUT UP THE STUFF A FELLOW LIKES, THIS WEATHER. NEW ENGLAND RESTAURANT New Hill Block Dufferin Street n Crow's Nest "THE BEAUTIFUL1 The Picturesque Top o; the World Silvery Lakes Singing Brooks Profusion of Forest Coloring O Gigantic Snow-Capped Mountain Peaks Trout Fish ing Boating Hunting Saddle Horses Pack Horses Carriages Tents Dancing Pavilion Menagerie Ball Grounds Excellent Cuisine Buffet Service NO MOSQUITOES SUMMIT HOTEL Andy Good, Prop.