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Lethbridge Herald Newspaper Archives

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Lethbridge Daily Herald, The (Newspaper) - May 31, 1918, Lethbridge, Alberta MAY 1918 riffi LETfteniDGK DAILY IIRHALO PAfiE Mayor Hardie Replies to President Marnoch The following letter from Mayor Hunllo to Irealtlnnt UnB boon hnndort to Tho lloralrt for pub Mayors May Irosldonf of tho Hourtl of My Dcinr Knowing flfl I do that your BO called interviews In Uiu LelhbrldKo Dally Herald aro carefully compiled com I am at a loss to gather what your aim and object by tho publication of tho comriinuluailnns that aro coming from your pen If they aro educative you aro rather Jato In your You should have lielpod tho mayors cffortH lu this respect In his preface to tho 1915 and auditors when ho endeavored to educate the people that it WIIH Imperatively necessary to do their very best towards paying over duo There la nothing in your luat two communications is not covered In my preface to the reports The facts In my If you had advocated tho drastic meas ure In 1915 or even late as which advocate In your prtaent your efforts would not have been very kindly received justly so for the simple reason that 1 Ifad given before the or the largo majority of them at any who were in arrears imply did not have tho money and not get It to pay the Indeed It was difficult for many of them to get enough money to buy These facts wore perhaps bet ter known to tho mayor than to most but tho information was pretty widespread and even you were yot unaware of If a man owed you ten dollars and you know ho simply did not have tho money to and you also knew tie was an honest man would pay when ho would it bo wisdom on your part to wait until ho could pay with interest Of course you would wait there would be really nothing left for you to do but and finally get your money with in That Is just exactly the posi tion of our delinquents and tho posi tion of the Your explanation of the sinking is quite Interesting and amus The amortization plan of the Loan Companies is fearfully and wonderfully contrived and if you are to understand their you have accomplished more than tho mayor has been able to Ho once carried one of THEM THINGS for a but got rid of It as quickly as possible Immediate ly he began to partially cpnxprehcnd what it God help the city that have to provide a sinking fund on anything like parallel You will find a simple and scienti fic definition of tho sinking fund respect the straight term bond and tfte equal annual In stalment in my preface to the 1915 auditors I am quite sureIf these do not convey to the ordinary mind what a sinking fund your exposition will either convey a very wrong Impression or will bo a blank There is absolutely no comparison between the Loan Companies method of amortization and the method inthis city excepting that The theoretical prin ciples of finance underlie all clary Within the con fines of The theory of finance there are hundreds of trust procedures that are very The amortization of the citys debt and that of ttfo loan companies are Hero Is my definition of the sinking fund referred to above Sinking Fund The purchaser of an annuity ex pects to receive Interest on his invest ment at an agreed rate and would not bo content unless at the end of tho term his capital were In tho rent of the annuity consists of two portions interest on the purchase and a re payment of capital called the Sink ing and while the Interest may be treated as an Income by the annuitant or aotnu one for must scrupulously set aside annually tho Sinking and reserve with all Hccumumtimis of Interest upon it at tho agreed rate In order to replace IIH capital tho oml of the period when his annuity will Equal Annual Instalment In tnlH case he may Imagine each portion of the capital In the success ive payments of the annuity to bn at ones applied towards liquidating thn debt whlth will thus gradually dimin ish until it finally As the debt is being paid off a less and less proportion of the annuity will be re quired for Interest und a greater and greater proportion will be available to refund the In the two ways of viewing the transaction are the I am aorry I have taken up so much space In this item but It In very Im portant that no misunderstanding arise on this Our citizens were bettor Ignorant badly With reference to your remark that tho people are liable to be more leth argic regarding their interest un der commission government than un der councllmanic I Jiavo lived In Lothbrldgo since before it had a civic charter of any kind and during all these years I have never known the people to have the same live Interest In nlty aa has been taken qvcr tho period I have been The reason being that the present form of government Is closer to the people than the other and because they realized that the other form had got them so tre mendously in the hole before they knew the rctual state of affairs und mado burden of taxes RO heavy that they are suspicious of every move that would Increase If the old form of government had been as close to the people as the we would have no street rail way that has made a deficit for thn pnst five years of approximately and will surely create an other deficit of in tho next five After that even it may That IB not This same street railway has thrown a burden on tho electric department j and causes higher lighting rates j which would not have been if we had not gono in for a street This item represents an annual charge of from or from to over a period of five years and will be the same for five years to and after that perhaps a total of another to making a charge that may be In all conscientiousness debited to the street railway at the und ol on tho other the money that was put into the afreet railway had been put Into natural gas in stead of giving the franchise the profits would have been at least per year or over the period that the street railway will cost the taxpayers practically in de the natural gas would have paid the city In A simple difference to the city of Item I must not go It is self evident that your comparison Is About the Bureaux of Information by the citizens of Toronto and Win I am not going to discuss but I am going to state one fact about The Bureau of Information MAY take credit for leading up to the appointment of Bradshaw at a salary of per to look after that citys If it can readily take that credit it did Toron to incalculable but so far Money Makes Money Opportunity means having a little capital to invest at he right The way to get that capital is to save something each week that you can make your money work for you when the time to let us help you to Interest paid every six Pnld up Capital J Reserve fund Resources THE BANK OF I NOVA SCOTIA KINO Manager Branch 4A NDWINFAIEOF F May iho outlook as tho result nf offensive on the rhiimpnunn battln the military oC The Daily Telegraph Thn present Is TiirM for the fate of FTamf uni with FrniHo bound up the fnlr Tho Urltlsh and n m b nllll havn very valuable ir tluy know how best to use i We possess mumrip il superiority of the ronips are at the Allies disposal and all the worlds wealth for The Allies or concen trating more unl airplanes in tho decisive thtatrp than Ger It Is unnecessary to repent the cause which hitherto iian nullified thene Inestimable It is hlgli time our War iMhinet and war office found how to Ining this superiority of resources to boar upon the field of An administration of tho highest order Is needed to turn the Tho military situation ilRtnands a mastery of strategy tactics to charige the face of in Seriousness of Thn Times refers to Inrman offensive IH Increasingly and after discussing the gorlomincss of the It points to the fine spirit in whleh tho French lire meet ing tho enemys They rniys the they have llvfd through far darker days and in tho lid have invariably defeated the Thn loss of Hotssons WHS an nounccd too an hour to devel op much comment In the morning The loss hi says The Is of great but the enemy IK now on the high road which passes through Villere about forty Iivo miles from the other in an article written before the abandonment of SoissoiM was The Chron icle snyti Till lOFH Of SolsHOllS WOllIil lulVC a strategic consequence as trans ference to the Hermans would In they have over eneral Koch in of facilities for shifting the weight of their blow from one side to tile Klelil ItHigfl silence re garding tho operations on the Aisne front which lias been remarked in some quarters UK la explain ed by the Daily Mall as in line with tho precedent established by the French As tho French tho newspaper points did not record tho events in the Flanders fighting jn which the troopH were fewer than the so the liritish now refrain from touch ing on present operations in the Aisne as the British troops are in the minority on this have failed to see any great results outside of Bradshaws appoint I wish such a bureau were In Letlibridge hat would see that fair compensation were accorded those who looked after ita You are wrongly informed when you say it has been wisely decreed by the Alberta Legislature that tax sales must from now onward be held was expected the Gov eminent would bring down a bill on tax enforcement at the last session I of the Legislature but the Influence j was too strong against Your re mark was a surprise to me so I had Ball phone the Attorney Generals office today for exact I would awfully like to go but as I intend to hand a copy of this to the press for I must con sider the newspaper space It will oc Yours very CUSHION HEELS AH trie jars and bumps of walking That a pavement often Lose themselves in easy comfort When you walk on Paw CATS ASK FOR PAW HEELS Paw Scria far Ask any traveller him fit while ENO TIRE REPAIR STATION SERVICE THAT SATISFIES Wq have opened a new and uptodate Tire Repair Station equipped with the latest machinery and are now in a position to do all kinds of Tire We would appreciate your work We make a specialty of Retreading and Letbbridge Tire Repair Station PROPRIETOR 305 SIXTH Packet of r WILSONS FLY PADS Will Kill MORF fllFSi THAN OF ANY SUCK V y lATCHfR Clean to Sold by all Grocers and General UMBER DIRECT FROM OUR MILLS AT WHOLESALE MILL PRICES You cannot afford to build until you set our prices delivered at yOur station on lumber in cor and a full line of building supplies sold direct to consumers at mill Club orders invoiced Send UH your bill of material required and let us give you our estim ate of cost at your BROOKS LUMBER PURPLE ALBERTA The maximum service and comfort at the minimum cost reputation of Cftirninion The name DomitUorj is nn assurance of easy freedom from culinary tire troubles and long DOMINION tires are GOOD Tires NOBBY DOMINION CORD CHAIN DOMINION VPLAIN GROOVED DOMINION are by the Canadian CANADIAN CONSOLIDATED RUBBER LIMITED Manufacturer ol Motor and Tiuck Automobile Bicycle and Motor Cyclo Tiruo HEAD OFFICE MONTREAL the Ihioughout Canada Sb W m Miserable Corns HONV to end them m Touchy corns make thousands suffer on pleasure trips in busi ness at home every Until they once try Then they are cornfree Painful corns are utter ly Science has brought The med icated spot of wart on a Bluejay Plaster stops pain in Then in 48 hours the corn painlessly comes Harsh li quids are dangerous and Paring may bring infec Bluejay For Corns Stopt Pain httanlly Completely Alto Bluejay Bunion PUateri No corn can resist Yet this way is most The chemist of a con cern known the world over for its surgical dress ings discovered He studied corns for 25 So with Sciences way at your no touchy corn need ever bother you Bluejay Plas ters are sold everywhere at drug stores for 25 cents per pack Buy a package End your corn at once and let one pain MAUER Limited Okkon rf DnMmn Toronto New Ywh Large package Small package Service and Satisfaction in Automobile Repairing and Having the Goods is placing us ahead in the garage We employ only first class with years of exper ience on all hiakos of who with our guarauteo of satisfaction assure you of perfect Drop in and look over our stock of before the price Dunlop and Mar in all both fabrics and cords also our complete line of STANDARD GARAGE VELIE DISTRIBUTORS FOR ALE THIRD A REAL PLACE AND FOR SALE 800 two and one half miles from Best of Rolling but steam AH 120 acres seeded to Rental basis pf to 200 acres in Belonging to 430 acres No Price and terms are THE UTHROP UNO lIMITEfl PHONE 1865 ALBBRTA 1OO Wanted 4 Steady Work Apply Gait Mines Lethbridge ;