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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - May 27, 1914, Lethbridge, Alberta LETHBRIDGE. ALBERTA. WEDNESDAY, WAV 27, 1911 Will They Sink or Will They Swim? AMENDMENT TO CM AID Suggests Reduction of the Stock, to.be Held in Tiust by His Ma- jesty for 5 Years MEIGHEN SAYS IT -WOULD KILL C.N.R. Ottawa, May 27 -Despite the great licat which members o! the House of Commons, throughout thTO yesterday kept pound- ing aw a) on details o! the CNR resolutions which are now, In commit- tee Talk throughout the day was confined to less than a dozen mem hers. On the Opposition there -were BIX or eight members who hate made a study of the resolutions, who kept Borden and TMeighen busy answering questions and replying to criticisms ?t must have been a tiring dai for and hi! chief lieutenant in this fight, ,for throughout the day were kept constantly rising to their feet the most interesting dis- cussion o! the daj arose In the aiter- noon when the question of the extent to which Mackenzie and Mann are liable was under discus- f on. Borden said the; had been call- rd upon to securlt} for twenti- eight millions of outstanding debts made up of twent) millions of con- tingent liabilities, owed to banks and eight millions to xanous subsi- cliarv railway companies II the sc- First Carload Wool Shipped Boston Today Tlie fust carload oi wool tin 1914 Southern Albcita clip Idt I cthbridge toilaj, being con1 ed to J Koshland and Co of Boston H is the lust carload of wool eier shipped irom this part of Canada to Boston and was made pobsiblc bv the new I'nderwool taiiff which allows wool free en try to the States Hatch and Lewis were the ship pcrs "Mr Hatch states thav the price was about fne cents in ad- wncc of the average paid in recent jcars He alio states that hy has secured to follow -this shipment about pounds, or 25 cars. Part, of the wool is furnished hj William Wnght oi "Montana, who hat settled in the "Monarch district, and the rest comes from mutton sheen which were sheared earlj Wired This mated Oil Co. Formed by Local Capitalists MR. McARTHUR'S REPORT A. Calgan, Ma) 26 Coolc) Lethbridge, Leave foir Lcthbridgc tonight. G D IteJ nolds is the wire received thi morning from Mi Ilevnclds, who cliarv raway coman cuntics alroadv arranged for were not, will pass upon the Lethbridgc fie Ms sufncient, the) would be called on to for Lethbrldp Oils., Ltd Mt Coolev nut up more 's a personal of Mr Remolds, Launer Carvcll and other Liberals and has thus been able to make ar aintained that all the government rangcmenlb to bring this noted ex pert to the cii) trading in oil stocks was quiet to- la) after a brisk dayVhusinosfe bid done was to make Mackenzie and Mann guarantees to pa> their 6wn mckenzie and "Hann should be called upon, the) .argued, terda) io put up personal security for the I v number of the real estate men m millions to be guaranteed the cil} who arc selling oil the government lioiden replied lesponded to the call of the commis that (the government' had gone further thin an) former government m dcil ing with Iho lailway compan) AM1ADMPNF At the evening sitting Hon. Dr. J'ugsley, gave notice of an amend- ment to' the resolution in the ins particulars provide'for the reduction of issued capital stock of the C N R to th'rty par value sub- ject lo the right to make provision bloners, this morning and tho matter of a license on brokerage firms was discussed though no solution was, reached. A representative of-the-Leth- bridgc brokerage firm pleaded for a high lic-nbc, contending that in this wai bioUiagc business, which n his opinion was cntitch dl tlticl fiom the real estate-'business, would be legitimatized, so that the public couiil buy intelligently and .get .real value for money expended. The real estate Mediators to HonorDuke in Toronto 'Niagara Falls, Ont., May: Tho mediation composed of the South American envoys and (lie American and Mexican dels- gates, suspended their work here today to attend a garden party this eveniiys in Toronto in honor of the Governor-General of Can- ada, Ills Royal Highness the Duke oi Connaught, tile Duchess and the Princess Patricia.; Sir John Gibson, Lieut.-Gover- nor of Ontario, is to tie the hoc'-. The mediation colony prepared to leave here early and .will ic- turn tonight. En route thi'y probably will have some informal discuss' >u about the mediation problem. regular conferences are contem- plated. "DISPOSING OF THE DOGS OF WAR by Jas Frisc WAS 'OVER J23 000000 Chosen One of Three Represent- atives from Albrrta on Exec- utive Ten Million Club AIMS OF ORGANIZATION for an addition thereto of an amount men did not look on his suggestions not exceeding twent) Ine million favorabh Ihei exemption dollars if it should at any .time be-: the additional tax on the grounds come necessary for the purpose (hey arc .residents and laxpay- of income Uiarge contro- crs. and'entitled to the bus ness Kltlble debeiiture "'ock which might otherwise go to the provide for transfer of such transient, who should pay tlic full slock (with the evception of sufficient tax. shares to directors) to 1C-, MATTER LEFT WITH THE ccitci general to he held by him in tliist for Ins "Wajestv SOLICITOR The matter was left in the hand; holding ol said stock-by 1 is of City Solicitor1 Ball, and doubtless i 'amendments will be drafted so that. Mn'cstv.-'lor a period of five years. provide .that, in case ,10 President Marnoch of the bridge Board of Trade has been sig- nally honored, At the recent Development and.CoL- onizalion Convention at. North Bat- llefonl, Mr. Marnoch was nominated' ns one of three to represent this pro- vince on a provisional committee rep- resenting Western Canada, the pur- of which are outlined in the resolu- following. JIWIJOBIOWUP le- i real estate men in business in the fxilt is rrndc b} the company in city will be entitled to a rebate on menl of interest of bonds of raia-jtlui if 'they conform to to gne giuranlce by His Ma- certain conditions set forth, jtst) as provided In said XEW DEVELOPMENTS and .in. case condition of said wiilu- New developments the oil situa- tion arid agreement therein tlon locally did not. break in very lor shall'he in all other respects rapid succession today.' Jlr. McAr- ried out during such period live thiir's report on the south field is tears stock shall he transferred to not yet finished. Mjckeiuic and M-inn ami JIR. McAKTHUR OBJECTS limited or their nominees I Mr. McArtliur has exception llisMajest) through governor-in-coiin- to the statement in' yes- cil should exercise option hereinafter, tcrday that ah anticline extended mentioned. from the..vicinity of the .Dingman Io proudc govcrnor-in-coundl well to the Internationa] line touch- shall have the option at any time ing the corner of'1-13. This statc- withln such period of five years tii mcnt was not credited'. tn.Mr. McAr- acquire absolute ownership of slock and said C R system and of. all constituent and subsidiary companies mentioned in said resolu- tion or proposed agreement, subject to existing encumbrances and to sold 'arrangements, regarding the conver- sion of said income charge convert- ible debenture stock lor a price to be fixed b) aibilration but not lo i sum of thirty million dol- "tlie "par value of such exiced lars betL stock so to .be reduced as above pro- vldnl provide that until default is mide m pajment of interests or in ciiuing out of other provisions of resolution and agreement, or until Rovernor-in-council .exercises such option, nominees of Mackenzie nnd Mann Co.. Ltd.. shall be di- rectors p( the company and in control of its lion in reply said he presumed into new railway policy was intthded Id supplant .those which thur, but to another authority, '.who is in a position to know the opinion of the men who have prospected tho entire fielrl. Mr.' McArthiir is busy on his report at the present time, and in his preliminary report to. the di- rectors of. the Boundary. .Oil Pro- ducts, Limited; he- states that an anticline runs fi'ohi Sufficld through Bow Island to the Sw'ect Grass Hills, and that in his opinion, -conditions surrounding the company's lease n township 1 range 12, drill- ing. AMALGAMATED OIL CO. The dotation :of the Amalgamated Oil company .of.- A.lbertai .is .announc- ed and 'it appears that shares in this company are selling today. An an- alysis of the company's' prospectus would indicate that the directors. pro- pose concentrating on tlie'aclual lo- cation of oil. i'he. directorate is com- of LeUibridge'and Winnipeg in- vestors, who'have placed. considerable of their own money in enterprise. had announced already by promotion'stiicli .Issued, loader of the opposition and by Mr. Graham. f .SRcak for interrupted I'ugslr) (Coitinucd en 1'agc all ol'lhe mpnej1. reaching the Irea- sury ol their, tlw pro- cecils from the sate-ot snares .which will be used jn-dcwloimifnt work cx- I cluaivcly. Hon. Duncan Marshall, Minister, of Agriculture, and W. E. Berkinshaw, president of the Calgary Board of Trade, arc the other two appointees on this committee, making one strongest of the four western prov- inces. Major A. M. Panton, K. C.. president of the North Battleforjl Hoard of Trade, is convenor, and N. G. Neill, Commissioner of the same organization, is the secretary of the committee. Mr. Marnoch is an enthusiastic, and active exponent of "the best of erything for the and is a thorough believer in the agricultural future of Western Canada, his work along these, lines already having prov- en an example. He has not yet accepted the honor, Following purposes of tho committee. (1) The intelligent and effective dissemination of reliable information with regard to the possibilities and resources of Western Canada as a whole and, with the above object, in view, tho appointment forthwith by- tlils'Convention of a Provisional Committee, charged with the taking such steps as they may'deem necessary to secure the co-operation of the various bodies interested -in the early formation of a permanent organization. (2) The inspiration of every indivi- dual with the idea thai" he should be an active agent for .the colonization and development of-our country (3) .Tho systematic tween the several bodies interested'of the results obtained .from the various policies pursued by each unit so as to -extend to all the .benefit of the experiences so acquired. (4) The establishment of an Im- partial bureau tor the giving ol .un- prejudiced and reliable information HO to-the conditions existing in each OLondohj, May lo m sbhal property left by the late Baron Strathcona and Mount Royal, .former -High Commii sioncr Canada, amounted to This was dii closed when probate was grant- ed today The precise value ot the real estate left by the testator, who died in London, January 31. this .year, was not made public but the fact that the duty paid was indicates that this entire estate, real and personal, had a value of THIRTY STICKS DYNAMITE .ALL BUT 'ONE INCH.BURNED POLICE WATCH SUSPECTS Blairmore, May An unsuccessful attempt was made to blow up the Blairmore Brewery here tome time night. Workmen thii morning dis- covered 30 sticks of per cent dynamite on one of the window sills, with the fuse all but one inch burned. The dynamite was stolen-from the Rocky Mountain Cement.Co. the police have their 'eye on a number of suspects and arrests are' expected to be made at any minute. It is rumoredv.lccally that the brewery changed hinds yesterday, George Skcldinj of Macleod being reported as the buyer. The con- cern has been cloud down for smie time owing to lack of tll. APARTMENT HOUSE FIRE IN CHICAGO Chicago, families 'were driven from their homes early today when fire destroyed the apart- ment, building at '134-458 West 7 street; loss Dominion Express Officials In- terested in Oil Venture South of Oil City SPOKANE MEN MAY DRILL {REEK OIL BOOMS Old Company With Part of Machinery on Ground, will Drill Once More CLAIM NEAR OIL CITY Pinclier Creek, May Pinchcr Creek Oil and Refining company have taken a new lease of life, and are to participate in an oil hoom stock was put on the lliar- ret on Tuesday at par value. The claim is about forty miles out of tow-n, near. Oil. City, but the head office will be in town. Considerable machinery had been installed at the claim sometime ago, but owing to the financial stringency of.late Iho work lias been delayed. The rest of the machinery necessary tor drilling will be put in at once and drilling will commence just as soon as pos- sible. Many samples of oil have been tak- en from .this claim. Experts say that the samples now in town are good. Great interest is being taken in the opening up of this claim. Hindus Fight Like Irishmen ofDonnybrook Fernie, May fea- ture was pulled off at the Victoria Day program at Waldo that was not advertised and created considerable excitement while it lasted. A dispute arose.between a party .of. fourteen Hindus, sides were formed and.arm- four scantlings they weiiifat it like Donnybrook Irishmen. The'fight lasted ,an hour or until the weakest.was vanquished, outsiders be- ing unable to interfere. Excitement over the oil strike has reached Spokane. The Spokesman-Review in a recent ue gives prominence to the Sago Creek oil fields, using the statement ol Ira B. Segur that tliej itfluld In time develop into the Best in Canada. The .Sage Creek fields are 100 miles, directly south of the .Dingman well, In the vicinity of Oil City, and extend- ing on both1 sides of the international border. Preparation for extenstre de- velopment.of this on_in. Spokane where the region is regard- ed as a much more promising one than the Calgary-OkotoVs field A1 ready" high grade oil In limited tman titles lias bpen strnclcvat a depth ol 130 feet, and toe" Flathead Petroleum company, controlled by Spokane ,aien will commence drilling on its "land in Sage Greet as soon as equipmem can be assembled there. Victoria and Vancouver capitalists le forming another company to op erate in Sage Ci-eek; and Itichird Helm, superintendent of the Dominion ss cwnpany. and 0. P: Ford, an other official in the Dominion Express were in Ssokane last week conferring with' capitalists' there who are inter csted in that .dlBtrict. They are a' present In the field to inspect thi holdings' personally. The Spokesman-Review is authority for the following: Expects Greater Discovery "I believe that a more important discovery than the Dingman well will, be made in the Sage Creek .district in the next 90 said Jlr. Helm at tile Country -Club yesterday. "I am basing my predictions on_'What com- petent oil experts and geologists -who have- examined the region recently tell me. Some of these men are con- nected with the Canadian geological department, and have spent months in the district. "The oil that has been discovered in the shallow wells there tests 50 2-5 per cent gasoline and 52 -2-3. per cent kerosene, and will sell for to J9 barrel, as against the barrel, for California oil." Sage Creek District Superior Ira K. Sngur, locator of the Ding- man well, formerly for years with the Spmckels interests ill' California oil fields, is reported to have said at the time he advised beginning drilling operations in tue.'victnty of Calgary that the Sage Creek ustrict, Recording to his belief, was far superior, and that eventually the best'oil 'wells in Canada would bo opened there. Mr. Segur has announced that as' soon as 500 barrels of oil daily are being pro- duced In 'snge Creek he will begin construction of a pipe line from the fields into Spokane. It Is estimated that It will require not less than to install the conduit, but'it oil in cd in viilley' he believes that by the time the line is completed there will be enough oil opened to keep It operating at capacity. Registered at Edmonton Yesterday and Company Can Now Do Busi- ness b Legal Way PROMOTERS ARE ENTHUSIASTIC LethDridge Oils, limited1, Is on tin oil map. iThe company, is In posi- tion. Here is a telegram that put joy to the hearts of the local oil will promoters last night: Edmonton, David H. Elton, Barrister, Lethbrldge. tethbridgo Oils registered (Sgd) E TROWBRIDGB, Registrar of "A draft o! the prospectus is new in the hands ol the solicitor and will bfc with all due haste, and forwarded to the Registrar for filing, when the sifme will be in the, hands ot the public. The new company is holding its or- dinary meeting oi the provisional din rectors and the an required by the Companies' Ordin- ance. These meetings will in the election of directors and the ap- pointment oi officers, and the trans- action of such business aa neces- sary at this time At the meeting of the proTisionali directors held yesterday, Engineer R. E Me Arthur rendered a somewhat lengthy and most favorable report on his visit to the local leaseholds of the Company which report will pe published -when the Rey- nolds, has gone overrthe propektv and submitted his report oi inspection and finding. T The promoters are most enthusias- tic and the work carried on without lurther delay. Femie Fireman Drowns; Body Not Recovered Fernie, May yons, a driver in the city merit, 'was accidently drowned here faning-in thCiriTst-it noon, today. He was 20 old, hlsbly: rwpactod, and a father and- mother in Scotland. Many men are ntnr ed in searching for hte Trodyi EMMELINE OUT AGAIN 'London..-'May. Parik- .hurst, the'militant leader, was again released from Jail, sufferlnj tfbm. the effects