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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - May 6, 1920, Lethbridge, Alberta PAGE TEN TI1K LETHBNinr.K DAILY HERALD THUnsDAY, MAY 6, 1920 freight and passenger rates or all Can- Alum railways have been subject to review or hare fixed by tbe Do- minion Railway Commission. The net earnings of your company have effect of the cert S144.OtKi.000 an increase cf til wases ?Jid material in tbo opera; ion? I''T that period inmosc nominally 40 per cent, in Ircigbt rates and 15 ner i-e'iit. in uasscnger rales have been authorized by the rail of company, even one conservatively mid i-eoiiomtcully udniinistr-.iU-d as arc tlio uffuirs of your company. "Wliilc.it is a waiter of sreat srati- fk-ation that, ewn with, these excep- tional cost, your company has been able during tlio pan two years, to earn iis fixed charges and usual dividends, and very moderate surpluses, it is tioii between earnings anil expenses consideration. The results toe op- erations duriiig tbo past two-years show an upward trend in costs, which even extensive increases in gross earnings and operating economies duo to heavier loading, larger power and consequent reduced train mileage have not equalized. "For the past sixteen years -tbe -renco and common stock showed a nominal i surj-lus of which has been placed ia reserve to meet the special taxation imposed by the Dominion government, witch special taxation ended in 1519. The fixed charges of tlio company are low. the interest on tho preference stock is unusually low ouJ tbo dividend of 7 per pay- able on common stock fraa railway earnings is moderate. A factor which seems lo to lost sight of in these. cussions of the relations between ex- way commission. The actual iui-reaics revenues, Is the absolute owing to the adjustment of made by direction of the board were in fact thirly per cent. In freight rates and ten per cent, in passeuger rates. Tho result, therefore, has teen that increase in ope THEY'RE Never Shake you up, Gripe or Inconvenience. Al! that Headache, Biliousness and Constipation is gone! Keep the Cook Cheerful AND BUY HER A BAG OF YOUR GROCER 'WILL GIVE IT TO YOU. ociivirs ASK YOUR GROCER FOR AN OGILVIE COOK BOOK TOO CANADA'S BEST- FLOUR tolls accorded the company. to tbe parity of conditions esisiing between Ihe United States and Canada, tbe Canadian roads were '.ori-ed, during the war. to put into effect tbe blgb scale made effective under government control-ot the Am- erican roads and they were also com- pelled to continue operating under tariffs o; (oils substantially the same as those- iu force ia the United Stales. These tariffs were entirely Inadequate as results In the United States clearly demons'.rated. By legislation recent ly enacted tho American carriers are assured of rates whlcb will return a fixed percentage on the value of tbe undertakings used in tho public ser- vice, which will mean a reconsidera- tion of, and increase in, the rates now current in tbat country. "Xo doubt the necessity of rate ad Justments In Canada will be given earnest consideration by the govern- ment and the Dominion Railway Board. Wide It is not my purpose to anticipate any notion which may bo taken, it is only proper 1 think, to say that a readjustment Is amply both on the ground ot the value ol tbo service rendered by the carriers, and the cost lo them of per- forming such service. Value of an Enterprise "It Is farther to be remembered, and 1 do not anticipate that It will be for gotten that the valua of any outer- prise to the people It selves, depends greatly upon its ability to progress and develop, and on the maintalnar-.ce. of a high credit, without which such i development cannot tate place. Waste I extravagance and improvidence musl be discouraged but I can imagine noth Ing more detrimental to Canada than that its railway system should' not be able to keep pace in their own development with the progress of the country aud tint they ghoutd be un able to aid that progress by the pansion of facilities, the-Construction ol necessary rfew. lines and by meet- cccssity ot reasonable surpluses Iu he case ot auy corporation conducting an enterprise as extensive as that of company. Tho gross earnings of he company for tho year exceeded and the surplus, after de- ducting the moderate tf-ixed charges and dividends, only amounted to less nan bait of one yer cent, cf these earnings. Revenues Inadequate "Considering the Importance of rea- sonable- provision for working capital innually from the operations of the company, IE its high credit and abilll> to progress Is to bo maintained, It ivill readily be appreciated that the revenues during the past two years have to say the least, inade quato. The C.P.R. and Government Competition "In the discussion which has taken tlace as to the desirability or other wise- ol Increased rates, two theories ore publicly mentioned. The -first is that rates should be Increas- ead tue extension ot irrigation pro- octs under the auspices of the federal r provincial governments, which In he end, render tho danger of crop fall- ro iu these districts practically egllslble. "As indicated ifl the annual rcnort, our directors thought it necessary to e provision for tho construction ot necessary additions to your coin- any'e rolling stock. Since the report IBS been, iis tied, arrangements have concluded for an equipment trus! greetneut under which tu.o payments or such equipment ore t-pread over ft.period of twelve years. The actual oitht cf Ihe equipment trust issue 8 By reason of tho con iitious existing at the time tho trans- action was concluded, highly favorable nterest rates were secured. You will have observed that since he Issuance of the annual report for he year 191A your board have consid- ered it desirable 'to apply for an nendnient to the company's charter which will permit the Increase of the number of directors from fifteen to eighteen, should tbat at any tline' pear necessary. The statute is purel) Mnpowering, and the amending by- aw- ivlll be fubnvitted foe your ap: provsl in tho event of it being con sldcrcd advisable (o increase tho di rectorale. Thepurposo ol any increase will of court o bo to secure a larger representation on the board from Ihoso portions of Canada in which company's interests are specially important, "I look forward to immigration, to Canada on a largo scale and white a period ot retrenchment and financial conservatism may conceivably bo the part of wisdom your directors have tbe implicit faith in the future growth and prosperity of 4he country that they havo always had and also the name confidence in tho abllty of yonr company to play an important in Its development anil pros- perity." ed. but that any surplus earnings thereby accruing to your compan> should ba taken back through the medium of special taxes and the sec ond, that rafes should not be increas ed. but that the government railways deficits, if such occur, should be me out of the general revenues of the country. Both theories are la my op- inion, unsound.; Rates should be tabllshed which" represent a toir re- turn for tie service rendered, and i by efficiency and economy and th character and extent of its equip inent and facilities a company ca'u render its operations under such rate, profitable, there- is no warrant Tor tb COT.fioCot'on of these profits, nor cai there1 be anything bnt doubtfti honesty in the prtposal that one com pany's revenues accruing to rt frpr service- actually rendered by it, a'n well performed, should be takeu Sron it to supplement the revenues of competitor .wlioso operations do no show favorable results. It is scarce ly necessary for me to say that th fairness or otherwise of any rate bas is not necessarily measured by the strength or resources of a company or by lack of "Tlie second theory that rates should not be increased, bnt tlfat any HURRICANE GIBRALTAR CADIZ, May furious hurri- cane ta raging In the Straits of Gibral- tar, aud inucli damage has been done, reports biittine that 15 lishlug. boats have been sunk. TelcgVaphic and railroad exyuniunication is Interrupted around this ciiy. Iu Taugiftrs, too cy- clone which prevailed last night made it impossible to supply electric cur- rent for lighting the War Bond Interest Coupons and Cheques Cashed Free. The Merchants Bank w5H cash nil War loan coupons or interest cheques when'due, on presentation, without making any chargo for the service. If you have not a Savings Account, why not use your interest money to open one with This Bank? THC BANK. 1 Head Office: Montreal. OF LEtHBRlDGE BRANCH, CANADA Established 1864. R. J. DINNING, I h ALBERTA JUDGMENTS IK SUPREME COURT OTTAWA, May the supreme court this morning, judgments were rendered In the following appeals: Typesetting Machine'Co.. YE. Foster ct al. Appeal dismissed with costs. Duff and Mlg- nauit. J. J., Xozlnck et ol YS. Denny, Appeal allowed with costs. Edingion and Jligaanlt, J.J., dissent- Ing. UNPREPAREDNESS A bank account is an assistant in character It establishes the confidence, independence aud pride which increases effort and paves the way to success. AJpen an account torday and be prepared.. THE CANADIAN BANK OFCOMMERCE PAID-UP CAPITAL RESERVE FUND LF.TIIBR1DCE BRAXCH, R. T. Brymnir, Manager. other countries governing a" com- pensation duo to transportation aud other puhlic service corporations the "DANDER1NE" Stops Hair Coming Out; Doubles Us Beauty. Save the Babies! ing the increasing demands of the aeficUs from the gen- public in the way of eljicicncy and eral reveuues fa country, is 6n- comtort in service. soum! and unfair alike "Based upon accepted principles in ntm railways, it Is obvious that any sys- tem which pc-rniita services to ship- pers and others to be benofitted as un- reasonably low rates is discriminatory in their favor, and discriminatory against public whose taxes are in- creased as a contribution to those who use railway facilities. How to Fix Rates "In my opinion the, rates in this country should be determined, having regard to the- cost and value o' tbo services rendered by the companies, and to tlie legitimate needs of tbe com- panies if they are to meet the trans- portation requirements ot the coun- try. No Coubl a question so Import- ant and far iraching in Us effect will be given tbo careful consideration to It is entitled by those in au- thority and empowered to deal with It. 1 may say, however, that tbo pro- perties o; this company are In excel- lent condition, and at no lima in its history has it been bettor equipped to perform Its important public ser- vice, or to play Ita full -part in the advancement of the .transportation fu- ture o( 'this country. Irrigation "In tho annual report reference has been made to the company's irrigation project in construction of which was undertaken some years ago, aiid in the earlier progress of which some difficulties were met. A few cents buys "Danderine.1 After an application of "Danderine" you can not find a fallen hair or any dandruff, besides every hair shows new life, vigor, brightness, more col- or and To meet ihe urgent need o[ supplying babies with proper milk. THE LOCAL COUNCIL OF WOMEN With the support of the Hoard of Health, are annealing lo Ihe cillzcns (or assistance to enable them to conduct THE NURSING MISSION MILK STATION Tho ladies feel they must kcof> the station oprn all year. Equipment is needed and mothers unable lo pay are auppltcrt with the milk free. The mission conducts a clinic Wednesday afternoon-and tries to ho of every possible (o mottiers. You have tho opportunity to help on All livtr diseases of whatever char- acter ore diseases of th4 highest im- portance and demand close attention, Tlio liver is tho largest nntl onn of tlie inosl important of Llio body, duty is lo prepare and se- 1 crcte bile, find serve as one of the I fillers of Ihe lody, cleansing It of all I Impurities and poisony. Therefore v.'lien llio liver gots oul of order It Is Tic starling of trouble in nearly every part of Hie Keep the liver artivo hy mini; Mil rn'H I'ilU you will lave no heartburn, bil- sick or hllioiH lull, brown blotches, sal- cotnplosion, coatcil jnun- of the slotnnch, or tho fnl protruding internal cr bleed- inp piles. Mrs. Jrhn Kadey, C'hipman, X. !V TAG DAY, MAY 15 havo used Mllhnrn'r, Laxa- 1-ivcT Pills for some tiinu niui ro- c-i'iniuciK] them 10 any one suffering from heartburn unit liver trouble. I tried cjther remedies, but they only re- llevfil mo for a short time. 1 always iccommentl Pills lo all sutfcrer.s as 1 think they, aro a val- unltle Tililliurn'fl I.rtxa-IJver Pilla are 2'ic a via! nt all dealers or mailed direct on rccclia nf by Tbe T. Mllburn Co., Umilc'J, Torjuto, The project has now become firmly established, and has been so pronounced during tho past years, that further reference to this Important undertaking is, I t'nii ranlcd. ".An area of has been brought under irrigallon through the medium oE MM miles of irrigation tanals and distributing ditches, pf'thls area acres'bt irrigable lani havfl been sold at an average price o per acre. There 1a still for sals within the block acres of. irrl gable, land for which (hero is at prcs ent a very aclivo demand. During thi period from tho commencement o construction to 31st of December Ihe company lias expended li connection with the construction am maintenance ot these Irrigation work: tho sum of and In their oil the sura C.P.R. IrriDation "Tlio in'rcdtictlon ot Irrigation i Southern Allierla has made It poasibl to successfully produce on irn'grttet land splt-inlirl crops oO alfalfa, corn fiurtll and vegetables -which ai- not produced v.-Hh eciual success undc dry farming conditions. Carefu covering eleven years, in dicate remarkable increases In ordln ary crops grown on irrigated land over tboso produced on dry land an tho o' tup decision lo nnde take (his t-xtensivo project has bee mere thtin Jiistillud, We nre ampl warr.in'.til in tlio belief that, the trr Ration block will ultimately be dosfily i-'Clllcil, Intensively cultivate and a mruHdeniblo trafllc-producln area Iributnry lo tho company's line .in Southern Alberta. Urges Government Aid "Tbe suc-'.-cjs of the company's u; clertakinf! In this respect, combine with tlie obvious necessities of tba of the country will, I hop Very often the answer is that "muwer" suffers from baclcache, lumbago, or rheumatism. Those of us who are past mi age are prone to eat top much meat and in consequence deposit lime-salts in the arteries, veins and joints: We of leu suffer from trririgra of rheumatism or lumbago, some- times from gout, swollen hands or feet. Th'ere is no longer the slightest need of tbisj however, as tho new Prescription of Dr. Pieroe'e called gives immediate resultn as it is many timca more potent than lithia in ridding the impoverished blood of its'poisons bj; way of the kidneys, It can be obtained at almost any drUg store, simply asking for Ur, Pierce's Anurio (rati-uric-acid) for kidneys or backache. It will over- come such conditions as rheumatism, dropsical swellings, cold extremi- ties, scalding and burning Urine, sleeplessness due to constant arising at night. If you wish to give Anuric a trial send ten cents to Dr. Pierce's branch Laboratory, Onl. COLLINGVVOOU, suffered with muscular rheumatism for thre-: years and have been completely cured of same by taking a few packages of Doctor Pierce's Anuric Tablets and Doctor Pierce'a Golden Medical Discovery, after doctors' medicines failed to do any good whatever. j I nm. now frca from all signs of rheumatism, for which I most heartily thank Doctorl Pierce and his wonderful MRS. KERWOOD COOK, Box 464 La Preferencia OLD QUALITY 10 Canada's Most Popular Cigar 1 1 ;