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Lethbridge Herald Newspaper Archives

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Lethbridge Herald (Newspaper) - October 3, 1912, Lethbridge, Alberta TSe Lethbndge Daily Herald iVOJ..VIl. LctlibilrtKc. Alberta. riiui-Kday, Ot'tobcr 3, 1�12 Number 250 HAT WILL MR. BORDEN DO ABOUT THE C.P.R. MELON CUT lo Action Taken Yet at Ottawa, and Speculation is Rife As To Government's Probable Course -Conservative Paper Flies in a Rage Ottawa, Uiil., Ofl. a.-Wliilo no i)t-' powrr hccoincs ii mi'ii- dcUiil ami Uic picial slatumciit is forlhcoii-'iiij; jis llii-iU,itiulu of llic (^ovenuuciiL in ii;i!,av(l |t,o tlin {'ariiuliaii I'acilic caihvay ile-laraUou tlial, it ilocs iiol r'.v�iic Uip Jsaiic'tioii ol' (lie t:;o>ciii(iii'iit icr its llcfstaiiding; in oflicrial ciicks is Ilial real pretnier of t'anada is tliu pn'Si-ili'iit. oV llic Canaiiian rufiiic ami Uic real noverruiiciit of Canada is llie di-rcclorali' of llie Caltadiaii I'atilie. Tliii i;iivcri!meut a( (Ittawa is sdivioliiucs l.ilicrn!, Konictiines Conservative, but- ? ? DUKE STARTING EAST IIhe company's elaiin is based upon an Canadian I'acilic is a puppet of ihe jei ol jiarliamciU passed in 18!)2. xtoek market and cverv government Tlu- deiinile slatemeiil is made lliat jg puppet of the Canadian Wa-Jiii AiKtust tlie Canadian I'acilic made i;ilic." I iorinal aPplicaticMi iur aiillior tv to issue sixty millions of capital stocli.: =---------------------- ------- I'liis aliplication is still Uelorc tlie! .ovi-vnment and Ki)ine doubt, is ex- , nissoii as to wlu'tlier or not llie | .^oiiipaay is dcsiroes of liavinm tliis, Issue autliori/.ed in addition to tlicj liiicrease auliiori/ed liy llie sliaielioKi'l ers at yesterday's mecliiii!;- At any I rate tlie application still l.iaii(;,K and j lias not been considered one way ori tlic otiier. It is explained tliat tlio (last issue of fifty millions of Cana-liiaii I'acilic stock was autliuriw^ by^ in order-in-couneil wilb the provision I'liaL it must not lie issued at IcJS kliaii par. This slock was issued at llaO, tiie market price being; 200. What Will liordcn Do OwiiiR to the decision of the Cana- Iliau t'ucilic to issue eomnum stock I Ottawa, Oct. 3.-.\t the instance of instead oi debenture stock the autlioi- ]jo, Ocorgc K. Koster, minister ot ty of the company to issue $yO,0Ut\- ^rmie 'comiiierce, tlie Canadian iiiO debenture stock referred to by paciiic Uailway Co. has made appli- ? > : : : > ? > > > ? ? ? ? ? * RUNAWAY STREET CAR Calgary, Oct. .3.-A charge of defamatory llhel has been laid In the Calgary police court against R. C. Edwards, editor ot the E'ye-Oiwner, by K. P. Davis, K.C, the well-known Vancouver lawyer. The charge is based oil an. article about Davis, which appeared In the Issue ot the ICye-Opeuer ot August 20 la�t. The Information states that this aTiicle was puhlished without legal justification or excuse, and was likely to Injure, and did In-jure, the reputatloii'vof Mr. Davis by exposing him to bafretl, contempt or ridicule, and was ieslgned to Insult the said IJavis. is- Davls Wfta counaejvfor .McGilUcuddy In Uie former's Ilber suit three years ago, and has since been subject to ridicule in the ByeOpener in almout every issue of the paper since that date. ~ir Thomas Sbaughiiessy will now cations to the .Ksc. .Speculation now centres al-st't entirely around the prohable ae I on of the government in reference American Interstate Commerce Comii.-issioii for the same rate on export wheal shipped from Western CatiaJa points to Ihiluth as :n I be application on tlie pail of the Unm the same points to Fort Wil-i'anadi:\ij Pacitic for an inctoiisc ot u^jj, p,j.^ ,\,ihur. Tlie privilcj^e till,Olio,iHiO iu the eapiuii stock. The ^1,^ ^vas granted last wiii- liilca ol tlic company in all probabil- ^g^. Correspondence is at present in ty is tliat it such authoriy.ution is progress with tlie Canadian Northern ipcured it will permit further issues iji,, subject. It was sinue )f debenture stock at such t'nies ns weeks ago lUivt the luiuislet tUst I is re(|Uired by the company. 'IMiat took up the iiuestion. -Jlc hoped that the application has not been consider- ^,,g j,rain could all be handled through bd yet can be definitely stated. The Canadian channeKs, but for fear of a Ics^islation under which the next rpppijii,,!, p[ last vear's blockade it stock is licinR issued is contained in decided, in view o! the Lateness Chapter 35 ot the Act ot 1893, as tol- j,arvestii)}; operations to make ows : "The company beUiK lirst au- arrangements for shiimieiit by Oi'luth ? ? Pittsburg, Pa., Oct. Two liussengers were killed and fifty-five Injured, when a street car ran away, and was wrecked on the Greenfield avenue hill here today. 4> ? ? ? ? ? ? ? thorizcd so to do by a vote of at jf ncccs.sary. Tiie result is the appli-lleast two-thud of the shareholders ^.j^jo,,,, ^.p.R. (or lower rates and a favorable reply is expected tivcsent or vepi'esci\leil at a special s;eneral meeting, nniy at any time is- shortly. sue as many shares of capital stock | necau.se of the completion of the and whenever it shall do so then the National Transcontinental throUf^li to riKht (d issue corisolidaled debenturi) Codiranc by November lirst and the slock sliall cease." | enormous increase in rolling; stock it The 'J'elogram Fulminates 'I'oronln, Oct., Oct. 3.-Oi the C'-.iii Indian Pacific "melon" the TclcKram grain south this year today editorially say.s' "The pov-1 _______[-- J^'rnineiit in tliis country if the Cana-liaii Pacific can get its right to overcapitalize without parliamentary discussion or decision, is a iol the constable and have borrowed more than llicy can conveniently pay for. "Ill seven years which ended in 1911 C.inadian issues in London public and year nearly C.P.R. "MELON" HAS ENDORSA-TION OF HOLDERS OF COMMON STOCK Moniroal, Oct. 2.-The coieuvm stock shareholders of the C.iiuuii m Pacific today authorized the ,..sue of sixty luilUoas of common slocis at 17,") bringing up the eapitali/.a'.ioii of the road to $2l!0,00tl,000. Sir " l.omas ........... _ Shaiighncssy referred to the nocessity; pi-'iVate'amounted" to $800,000,000; of securing money with which lo re-H;,^^ ,,p ap;jrrctrate was about tire the company s live percent i;sl };'>2-,,i,)u,0(IO ; ami for the first six mortgage bonds whicii mature i" -"1� 1 mouths �( Ww current and amount to .f.'l^iiVliOiOOO. In tiie  .^HO 000 Oqi, >> past the company's policy had lireu ^to issue -1 percent'consolidated ilrlrii-ture stock (or this purpose, i/.it tiie dircctoi's had concluded that it would be more economical to the iuu rests ot the shurcholders to issue c'lnirou stock. 'I'lie new issue would i e icade at .17,1, tile lirst call to he iiuidc ci.i-ly in lillii, and the balance spread throughout the year. I'his is I lit' 'much talked of lemon. Sir Thomas Shaushnessy in a sli; lenient intimated that parliaiurnt had autlioriwirt tlic issue and the consent of the government was not neiessr-i^ BOND OPTION EXPIRES FRIDAY DOESN'T LOOK AS IF CITY HAD MUCH CHANCE OF MAKING SALE Tomorrow the option granted on the ?(J38,000 bond issue expires, and It appears doubtful if it will be taken up. It �ver a city had hard luck in putting through a big deal, it was the city of Let.hbridge. On Tuesday, September ........ ^ _ _ ^____ 1(5, they granted the Stlmson Co., hiinj. They want (o bridge the next tlirongh K, F. .McNeil, ot the Bank of decade or two in as many ot their i ^^ova Scotia, a week's option ,on the brief sessioij.s. The natural consequoneo honds. Mr. .McNeil immediately Avlr-i.s that tiiey seem to be over-running i ed to the Toronto office of tlie firm, CARDSTON HAD EARLY FIRE House Burned at 1.30 a.m. -New Water System Worked Splendidly London, Oct. 3.--The Daily News and Leader this morning give prominence to the following ; "Signs have not been wanting recently of uneasiness in financial circles with regard to the immeUiate !u-ture of Canada. No one i)Uc.stions tlie destiny which the great Dotr.'ili-ion will ultimately (uliill with its enormous areas oi fertile land and iiiiiuense natural resources, but Rome was not built in a day and the Can-, adians, with their boundless energy and seli-conlidonce have not laid the meaning of that proverb sulliciently to heart. They are in too great a City Will Be Brilliantly Illuminated- Everyone Urged to Co-operate they had no povfcr lo divide these of* flees, and that they would have to wait until they got the nOw city cluir tor what several aUler-iiieii termed "such a revolutionary clianse,': as the initiative, refercu(lun\ and recall. Aldermen LivinKstone, Douglas, l.undy, Walsh, Tipton and Caldor voted against the introduction of the system, with Aldcrincii East, Mav 'and t'lark in favor ot it. but owing to dela.v in the transmission of tho inossaKe they never re ceived word of the option. In the meantime the connmny bad disposed of 11,500,000 worth of .bonds, among them being one million dollars' worth of New Wosfmiiislor debonutres. Miul the mesBagc conveyliis; the option on the liCthltrkigo liond: been recovorod. > ? ? ? ; CIVIC ? ? > ? > ? ? ? ? ? art treasures : ? To walk into the city offleos today is like xyalking into au art gallery. Last night the chief maglstrata of the city chief mugisirales of the since since \8iU were hung. Tho names in onlor are: C. A. .Ma-gralh, e\-.M.I'.; 11. Bontley, Thoa. McNabIt, W'm. Colpman, Win. Oliver, K. II. Mewburn, Clen,  RoBor.s, W. 8, flaJbralth, Wni. llemlevson and B. Adams, .* * -S' * ? ? ? > ' t\er militant suflragetle, Ciladys Kvans. Tile prison docior.s jiilviscd tlin authorities thai, Miss Kvans' condition of liciillh had beeoiiu! very grave aii>l the order releasing her "on condi-tion.s" was issued this morning. Miss ICvaiis will be compelled to report periodically to the .luthorities during the remainder of the term of five years to which she was sentenced on August 7th on tho charge of sotting fire to the Tlieatre Royal here the day before Premier Asquith was to speak ill the theatre on Home Rule. As in the case of Alary Leigh, recently released for the same reason from a similar term, should Miss Kvans subsequently he convicted ot another cHme tlie .hidge may order her to .wr\' witnessing llie first military review in the history of Lethbridgc. MOTHER'S RASH ACT Sultcoati?, Sask., Oct. :;.-wMrs. Thos. Gibbons, despondent, attempted to poison herself and children. One will die. TAFT MAY LOSE BRICKLAYERS CARD SIR WILFRID IN ENEMY'S COUNTRY LIBERAL LEADER SPENT DAY IN, TORONTO-SPEAKS AT CHATHAM TONIGHT Toronto, Oct. 3.-Sir Wilfrid Laurior spent the day resting In Toronto. Ho was given a warm welcome when he emerged from tho Union 8,tatlon this, morning. He had no public engagements in Toronto, but was the gues* ot J. 13, Atkinson at luncheon in lh� National club, and was entertained by Sir William Mulock at the York club. During the whole day there was � steady stream of callers. H� was accompanied to Toronto by Hon. Sydney Fisher, Hon. Geo. P. Graham, Hon. Chai-les Murphy and Hon. Mackenzie King. Tho party proceeds to Chatham tomorrow morning, wher-e they will be iolnod by P. T>\ Pardee, M.P., clilej Liberal whip; Dr. Michael Clurk, M.P,; for Red Deer; K. M. .Mucdonnld, !\1.P. tor Plctou, N.S.; lUiRh Outhrie, M.P. for Wellington, and Dr. ,1. A. McDonald, all of whom are billed tp takO part In the openiii� of tho Liberal" club rooms at Hamilton, Boston, Oct, 3.-President Taft laid the cornerstone of the new home of the Boston Y. M, C. A. yesterday, Chicago Bricklayers Union No. 23 has been asked to withdraw the card of honorary memberehip it recently gave him. The request was voted last night by Boston Bricklayers Union No. 3, on the ground that the building was being erected by non-union labor. .;. .> 7,i.;. �> ! MORMON PRESIDENT FOR TAFT  Salt l^ke City, Utah, Oct. 3,/ -.Icseph K Smith, president of the Mormon uhurcU, camo out for Tivtt totlay. ''A ? ? : > * ? : ? * > ? jfti ft * , 77 ;