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Lethbridge Herald Newspaper Archives

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Lethbridge Herald (Newspaper) - May 23, 1918, Lethbridge, Alberta 'rrU.'RSDAY, MAY 23, 101ft the Li:'rv:';nrr:>(ir; r/AiLv upkiald PAGE SEVEN 1. IRNOCH AGAIN DISCUSSES 111 .-iii intorvlnw witli Tlio Hniiilf) dalf!, tlio large BuniH of inuiicy I lull tho (!lly owna lo llio tilnlt-liiK tiiilds I'Diild ho paid over to tlioHfi funds; l.hey (.'aiinot, as 1ms been pointed out, lio i-eplncod hy lists of iiiicDlleeted taxes, or indeed by any-IliiiiK oxcepl nclual money or f-ceurl-tlPH of niiiloiililod worth that are cpiiekly rt'iUlzeahU'. siu:h as the tlov-Miinient loanB that now lie in the HIiikliiR I'^lind Trustees' hands tor a liroporlion oC these funds. What Is a Sinking Fund? Most peopln iinderstaad (|uite well whal. a flinltini; fund is, liut the name ilRoir !� not vtry dpsorlptivc; to the man In tJiu street it Is a llltlo mysterious If ii brief description may be attcmptod, It may be put in this wise. A man wants to build a house for himself; ho has not I'liough money to spare from his savingH or fruiii his business for the whoii^ outlay; lie arranKos with a mortgaKo eonipany to lend him part of the co.sl, and tho agruomonl is that he will pay ilio interest owing yearly, and that lie will also repay a certain amount of th(^ money loaned each year. Those repayments arc really similar to a ulnkliig fund; but as loans to cities are usually made by numbers of lenders who each talio "debentures" as their inortgnge, tho nrrangeniont is made that the repayments, or sink- HAIL INSURANCE FARMERS-Insure your crops against hail, in strong Conipaii-ink, sufficiently able to pay 100 per cent, in case complete loss. Quick adjustments, and risk placed from date of application. No farmer can afford to carry his own risk, owing to high cost of putting crop in, and high price of all grains. Will insure for $10,00 per aero and up. RELIABLE COMPANIES REPRESENTED The Weschester Fire Insurance Co., of New York The Rochester Underwriters' Agency, of Rochester, N, Y, The Canada Security Assurance Company, of Calgary, Alberta SEE ME BEFORE INSURING ELSEWHERE R. S. MABEE AGENT Hull Block Lethbrldge Adjoining the Bank of Nova Scotia. THE MOLINE UNIVERSAL TRACTOR HAS A SELF : : : STARTING DEVICE -AN AUTOMATIC GOVERNOR TO REGULATE SPEED AT ALL LOADS. ihg fund, are iiandcd ovor (o per.sona who act as trust con, and wliose duly It is to gel tho roiiaynienio regularly, lake proiier care of tUnni, and, when they are all collectod, hand Ihe money over to tho lenders and get tho ilebi;nlures back from Iheifi; tlio public works Ihiil were douo by tho cily and the public utliitlos llial wcra croatod with the borrowed monins- the wator works, sU'oet paving, light-Ing plant, strnet car .ly-iietii, rti;.- tlioflo then belong, tree of eiicuin-branco to tho city. In the same way that hlB houso would then belong lo a person who had inado his payments In full. Distraint Proceodlnas Will Follow. U Is astonishing to look .down the la.x sale list, and lo see there the names of people who would .scorn to own thai they did not pay llielr grocer or their tailor, and yol hpoiu to have no uiictinn in letting It ho k;iowii that they owe money lo their follow eitlzeno as a whole. It causes us to think that o\ir citizens and owners of lots do not all of them realize tho gras-lty of tliclr obligations in IhlB dire�,).'il is .lald In li" subject to revisiiiii aii'i ralifica-tlon by the two governip.i'iii Is, -The I'l'kiu and vai-jriiH pro-"m- riitificn- 'onveutiou y-'-y cih,,;('rv-u;rc!ernenlH ;\s usual the most Important appeal is tliat of the wlilcli Is .-ippcal- iiig on the ground that Its assessment Is too high and on oilier grounds of 11 general nature. lOvery year the i', IMi. has entered an appeal of this ; nature, and in one case it sue 'eeiled i in securing a general ten iier cent, re-' ductlon of tlie assessment. How far-they are prepared to go this year Is ! not indicated, hut they will have legal ; represenl;'.tives at Ihe court of revision to light their (�aHC. j .Most of the other appeals are of a ' minor nature. (Jiiite a number of [ them iiave lo do with the new floor! sjiace a.^se.'smeni. ! Willi Ilii- .>niiTi- a''ll,.'e along the American from In I'irindy since the advent of llie new hkjou, Vllluges Mid roads in Ihe rear of the American lilies iiave been IioiiiIumI and some of llie villages visited liy tlie hosllle a\lators liresciil [iliiahle pIcliircH of destruction. Tlie military damage has been negligible hut a ininibor of villagers have bc;en killerl, moat of liipiii women and children. Tho Oer-maiis all' apparently dropping their iKiiiibs wllhiiul any ciiusideraliou of mililiny olijecl Ivo;'. The area under limiiliardnient from the air Is that lieiween the American irout and I'aris and nightly the air ovi.T till" area is hiiniinliu; with en-liny motors while tl>e Auierlcaii and I'rench nntl-alrcnifi guns nr: keeping up an ulmoct cnntlnuous'barrage. (.litelpli firemen tendered their resignations over a cinestlon of wago increase, and all were accepted by the council, exce/)l that of tlie chief. ires Break Ou and thieves break in. Don't risk the lii'ril, or invite the second, by keeping money in the house. Put it in The Merchants Bank, M'hcre it will be safe from loss- alway.s available-and earn interest at hi.Gfhest current rates. TH? MCRCHAMTS BANK Service and Satisfaction Head Office : Montreal. OF LEIHBRIDGE BRANCH, MONARCH BRANCH, NOBLEFORD BRANCH. CANADA Established 1064. R. J, DINNING, Manager. v. A. EBERLV, Actim; Manager. M. A. KILPATRICK, Acting Manager. mam SERVICE STATION HENRY J. DENN Proprietor All Makes of Batteries Charged and Repaired 311 7th Street S. Phone 616 Immense AUCTION SALE Greenfield's-Dominion Block A REAL PLACE AHD FOR SALE ' 800 acics, two and one half miles from station. Best of soil. Rolling but steam plow. All fenced. 120 acres Kecdc