Lethbridge Daily Herald (Newspaper) - June 14, 1913, Lethbridge, Alberta
4 run DAILV Saturday, Juno 1 M'-'l LETHBR1DGE DAILY HERALD ESTABLISHED OECEMMR Publ'l'ied by Htri'fl PuW'lhinB ivenlpg It 111 Sixth Lefitrldsf. Cimto. W. A. BUCHANAN PHONEl Re port T And K 1224 T. W. OUAYLE WlnjglTiB EJ.tar ,'OHN TORBANCE PHONIl AJVcrtlllrf Clrcu'lllon And Jcb Depart rpfflU 1252 DAILY SUBSCRIPTION RATES I ynr, Ct'JTend 1 br nnu I Efolhs, Kg BOTibt. nsiU H.K 1 1 montx'fcj Ke- ctltred is itiL-ta. hjt'botli elt must fci ema. THE DAILY HEPALD FOR SALE AT Cross Drat a Mtdltlne N'. NcrtMn. Sloie: J. G. Hcbtrtsfa Cnnb.-gclt. B. aa either._ ricnljr llj L V- indebtedness and borrowing power have sel the tax-paying public by the cars, and caused many prominent business men lo 'arrive at the conclusion that something drastic ought to be done ''to settle the city's financial position once and for all, and cleanse riway some of Ihc unholy atmosphere which surrounds matters ;financial just now, and which is nol proving any too desirable of could advertising for Lethluidgc on the money marls of the world. They are right. The prcscnl is not an opportune, lime to have hurtful disclosures made. They affect the credit of the city, when (hat credit should not he alfcctcd, for in reality there is nothing serious in the whole position, if true, conditions were really known. Lcthbridge today stands as secure financially as any city iri Western Canada. The Herald therefore believes, and suggests, that in Ihc ex- purgating belter system of'civic accounting should be inaugurated without delay. There is something seriously Hie mailer in the present system, when it requires the services of the city rtudilprs :t full week and more lo arrive at n true sfak-ment of' (he city's capital account. A week was taken recently to arrive al tliis statement. Why so? Simply because Ihc present system in vogue, in the accounting department is nol one which will show al a glance where the city stands on ciipilnl account al Ihi-.fend'qf any month. It is obviousThai an; efficient system of trick without turning a hatT. But just at the present time, nosotty seem- ed to care a hats about tlie mistake. They're all not on liie yarpalh'of Ihc man who pulled oft the bundle. Tho scent Is right tin lo a certain point, when the trill In l-.aH a dozen different and tt-.u ver.ssefu' pursuers are chasing' ring-arousd-the- rosy before they Know. Some think Ihtre's nnlHng in II b ft that the secretary-treasurer fho'ulil get out irlllxml being Me admits nuking the blunder In the first place. Which may or may not be forgivable. Then cornea (He city solicitor at three thousand per; lie drew up the bylaws, from the secretary's 'Usurer, if course, and pal his O.K. 'on tlioin Maybe he took the" flsurca on trust A lawyer generally doesn't. Then there-were the auditors. oft twehe hundred rer for -to keep the books straight. The dicta tor of the city haVbAd. them" throw Ing fits for a ir.ecli te'roic tnq bylaw wero voted on (rying to find. where tho city st'oo'd, what- lli.-opb and n few other trivlaV rnalierE that he would know how 10 void o the araendmcnl to.'decrfase the asses mcnt ten per' Cent'. It's peculiar tlie didn't discover Just what 'was'tb cits's borrowing poser on ,the-19! Thtn there the courl High Chief Mogul of.tl finance department of tho rily. Th Sylans being a matter of finance, I might haie Hen oipecled to sea over them his eagle He- licntlileratily wro-jght up about bo rowing a few days ago, an being rnlr.tsler of nnsnco.by Ills ow appointment, ho mlgbt have been e jiccted to delve Into the mysterio of figures for himself.' 'Pro ahly it would have been more to ,t j.olnt if. be had stuck lo hla own gu instead of eroding over and' llrl hoi chola about Inefficiency other departments ivhcsc troubles a fiioro directly thit ibuslness gcntletnen oJ the', round table i illy the busher when he's new e Job. What Others Think .just For a'Joke '-'How arc-' the plans tor j'our louse coming "Spltcdfdlf. My wlto has finally laid the cupboards sue "wants and now all Ifce architect's got lo do Best Thing He Did There la'a certain eenator from Ihe west who rarely makes a set speech o the august Ijofly of-vhfch'lie is a member. During the last session, Bpecial occasion arose when he deemed It to de- liver quite n lengthy speech. Wben he relurnerl homo Uint evin- ing l.ts wife, who had heen aware .of the senator's purpose lo speak, ask- "How was ihe cpcccli. iccelvcil. _ said her husband, "thej- cou- gratulated me tery heartily. In fact, one senator mb and tolcj ma that when I sat down he had Bald to himself it nfis tho beat thing f bad ever "York Globe. OF. CANADA Reciprocity Again (VTfimtpog Free Press) The wisdom of tlic advice to (he onservativos not to dicer too loudly Ihe Democratic measure tariff duction in Ihc United States, until is Rttualty on (tie Flatulc beck is: eir.g amplj' justiKctl li> develop-1 cnts at Wasliington. Tiicro hare [read; Ijfeon eome reniarhahlfj chan- es In Ibe measure and there mny o more.1 hjt trio f.ToropUlon, which s moment In faior and may rove acccplable lo all Dcmocrals. Is :c that may ivcll endanger Mr. Uor- slumbers. H Is provoscd by tho Dtmo- ratlc Senators lo make Imports o! ami [jroducls, both In I heir prirnar) nd "secondary forms, froc, lo He general (fiat when im- ported from a cojnlry which levies a- duty on imports of the Fame torn tho United State', Ihty shall be iiiojecl to an equivalent countervail- ing duty. That Is lo pay, Canadian i-.heat, oals, birloy, cfltllc-, vrhcat, etc-. will have fo.pay Ihg wmc duty to 'liter.the United Slat-is that is levied by Canada upon simitar goods when broilght Ifi from the u'niicd A measure like ihla light a hot flre under Coneervalive govtrn- mbnt. It will be jiubjeci lo an crcr- growlng pressure from Interests lhal 'crave tho United Slatffi market, but it All! nol dare to yield In A single It la prepared way In .the matter Of the whole ftgrlcal A Personal Service Our banking service does not end __ with handling your cftsh or commercial paper. We are prepared to advisenvith you confidentially ou any financial matters connected with your business or invest- and to give you the advantage of'our experience and our intimate knowledge of business conditions. ,.x LETHBRIDGP BRANCH G, R, TINNING, GRASSY LAKE BRANCH A, B. KING, Actg Manager YI-- BANK v 0F COMMERCE HAS INSTALLED SAFETY DEPOSIT.BOXES. LODGE Title Deeds, Mortgages, Insurance or otber valuables in one of these boxes ran F HUTU MI tm.r TO Lethbridgc Branch C G, LJopsc, Jlgr.