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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - March 31, 1910, Lethbridge, Alberta The LethbridgcDaUy Herald, Thursday, March FAIRVIEW From Fair Grounds One Block From Westminster Road One Mile From The Central School v to per Lot to Cash. Balance in 4 equal payments at 3, 6, b and 12 months Without Interest J ere are only 96 Lots in this new SuD-division and oiiethird sold within few hours of receiving the plan JL Phones 1183 1210 SQUITH 307 Crabb Streelf Open Evenings CANADA QA1NS AT EXPENSE Reasons That Progress Is Made Faster On This Side Of the Line (New York, March action of the stock market the past week indi- cates 'that there Is no longer any hope of saving any of the railroads or in- dustrial trusts of the United States from absolute ruin and the bargain hunters. The professional traders have lost faith in their country and the politicians have thrown prosperity ov- erboard as bait for as "food lor bargain hunters. Bargain hunters are worrying the bears with their per- nicious activity in Wall street. They always turn up with the impertinent confidence at critical moments and save the country just as they are do- ing now. Wall street is so excited at their toolish patriotism that.it can hardly realize'that the Sherman anti- trust law, Uko.tbe proverbial worm, has at last turned and bitten some- body not a corporation. EncrcachmenU of Canada Since it is unfashionable and un- popular to believe in one's own eoun- try at present, those patriots who do not care to join in denouncing it may lind something to interest them in -the way Canada is growing at the expense idea of Ontario becoming a silver pro- ducer, but Cobalt last year sold its silver product for in gold and on top of that come the Porcupine discoveries. Canada is also joining Alaska in making the proposed copper trust look like a bad dream. Not satisfied with the great cliffs of fif- teen and twenty-five per cent, copper ore thoit the Guggenheims have in Alaska, it now develops that Daniel D. Maan who, with Sir Thomas Shaugfanessy shares the honor of being among the greatest railroad promot- ers of the world, as developing on the Portland canal in British Columbia a great copper district that 'bids fair to cast Montana and Arizona in the shade. Deposits of ore have been dis- covered near the Portland canal aver- aging 15 per cent copper'and in gold to the ton. A great smelter has been planned to take care o'f this ore and lead has been discovered within smelting distance.. Mr. Mann is push- ing a branch, ofthe Canadian North- ern railroad from Portland canal into the new copper region. So quietly has ithis been done, and so utterly has J. P. Morgan been ignored in the matter, of the .United States. Last year about that ncw road are al farmers crossed-the border trom the United States into the Canadian taking with them perhaps which they invested in wheat lands. Canada expects Americans .with f this year for investment in her virgin territory. This will be accomplished with the ready on the high seas en route from Nova bcotia to Portland canal by way of the Horn. This is the first public anouncement ever made of -the ore discoveries. Means Boom for Steel All this activity in copper means a aid of -the American railways when they increase freight rates after they advance nhe wages of their employees. Canada has no Sherman anti-trust law or over-capitalized railroads and it is not considered a crime in Canada to be prosperous. Canada persists in ag- gravaiing the troubles of the United _ j. wf .fVm tremendous boom for steel compan- ies because the cost of copper is about one-twelfth of the .total cost of electrication most of the money going for steel and iron. Anyone that be- lieves in copper stocks must believe in Steel at least ten times as much. While considering Canada it may be II attention to the fact that States and the latest act of the js a minion in permitting the discovery of I Chjcag0f llie greRtest gold in large quantities is heat crop ,thc worM }uts cvc, known. able. In defiance of the fact that prices j Consiimption of wneat hag overukon have advanced sharply m the unuea production Thc sllrplus te aiready cat- States the same as everywhere else) Jf as the result of congestion of mcat tion in the cities and in the towns, we ro production of gold in the last nine years, Canadian miners have the to. discover in the Porcupine district of Ontario veins of quartz shot with free gold and fifty 'PHONE MANAGER GOING TO COAST Thos. Campbell, manager of the government telephones for Lethbridge and district, leaves shortly for Van- 'ered a more important position in couver, B. C., where he has been of- fered a more imporatnt position in the broader fields of civil engineering Mr. Campbell was sent here from Ed- monton, -where he was chief clerk of the Provincial Telephone system at the time it was decided to install the new automatic system at Lethbridge and took charge of the work during the transfer irom the old to the new system. Mr. Campbell speaks of the great progress oi Lethbridge as indicative by the fact that in a little ever two months two hundred new telephones have been installed and brought into use in the city. There are now seven hundred telephones in uso in Leth- bridge which number is being added to daily and the city of Lethbridge bids fair to become one of the busiest telephone centres in the province. The city now has the most modern-tip-to date system In Canada. Mr. Camp- bell appreciates much tne assistance which the telephone subscribers gave by showing so much tolerance and forbearance in those trying times when the new automatic systems was installed, which happened at the time when the power plant was burn- ed for from that source the telephone system derived its generative power. The general public, while lamenting they had no light and water on New Year's dav. were quite unaware of. the fact that the loss of the phone service, and it was only by working day and night that the tele- phone staff were able to erect their own generating plant which gave the cily their telephone service during that critical period. Owing to the amicable relations which have existed between Mr. Campbell and the citizens of Lelh- hridgc, it is neodicss to say that" the announcement of his departure is mutually regretted. HEIR TO A RAG PICKER'S WEALTH Ottawa -Citizen Left Fortune by a Cousin in St. Louis Ottawa, Ottawan is the heir to a part of a large fortune left by a lone rag picker who died in destitution in-St. Louis In January last. The -fortunate Ottawan is B. 'Foster, 45 Pretoria avenue, who is the eldest of 'three first cousins of Jeremiah Moinahan, an aged, rag pick- er and junk dealer in St. Louis, in whose safe after his death was found bonds worth lloinahan died apparently destitute circumstances and had the bonds not been found he would have been buried in the Pot- ter's field. BIBLE SOCIETY RAISED j THE REQUIRED SUM or sixty feet wide. Mineral Wealth of Canada When Cobalt was discovered grajn Th.g reduccd consumption of corn, because most of