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Lethbridge Herald Newspaper Archives

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Lethbridge Herald (Newspaper) - September 5, 1907, Lethbridge, Alberta Listen! Can you hear your watch tick? Does it need repairing? Remember that I can repair your watch the way be repaired. My work is guaranteed. it should We have just opened a shipment of CUT GLASS. Every piece is a dandy, besides you will never, never, never have the cjbance to bay theoi at such low prices. A pleasure to show goods. C- Ross Tate The Jeweler WHY MONEY IS SCARCE You will be building possibly this season, and will require Bath Room Warm Air Furnace -OB- Hot Water System We are prepared to give you right prices and the bt-st of material. We make a specialty of this work and you are sure of satisfaction. Particular attention paid to jobbing. Sese us regarding your next job of electrictd house-wiring. Phone 116. HicK (a WaKely i The Leading Tinners, Plumbers, Steam and Hot Water Fitters. If you wish draying or moving of any kind done, call on us. We have the lan^est and best equipped cartage business in the city, with thoroughly experienced men in charge. All work promptly attended to. Hay and Oats of the best grade for sale. Coal delivered to all fparts of the city on short notice. Western Wareboose & Mfer Co., Ltd. Office-First dooi south of Opera House Phone 63 Worry never completed worth while. The vacation earned tion enjoyed. is the vaca - Spcciil Article on Present Finannls in part with conditions in the west-No innn n��ds to 'bo tnld that nt the presonl tinio there exists Ihi'ontrh ovrt the money nwrkeis of the world a contlition of stringency, every-wiHJre money is hnitl to oh-tnin, even when the security olYcixid is of a gilt-edgwl chnracter, but probably in no country is the first instance, the huge e-xpenditurus brought about by the South African War, costing tho British people in rouiwl figures somiathing like . two hundred anti fifty rmillion pounds .Stirling; the great war Ix -twejn Russia and .Japan, both of which turned money from, 'ts ni.liir-al industrial cliannel, and finally the givmt wmve of prosperity which has litiern,Uy swept over the world of recent years. The last mentioned factor is by far the mo.st im|X)rtnnt. To realize that it is so neads only a nvo-ntent's thought on fhe great 'industrial devulopnvcnt that has taken place in connection with the thiw great mnnui'aeturing nations of the world-Gr.?ut Rritniu, the United States and Germany. In each ofthose countrys, jwrticnlarly in rogn.ixl to I tlie Ia9t two, the rate of progress and development in, comptii-ativoly , spfnk'ing; the last few years has been I a.stonishingly groat. The expansion of comnv>rcial and industrial enterprise throughout the world has, as a matter of fact, been procooding' in a greater ratio than hos the iucrea.se of the world's supply of gold, the basis of all con^nrrcial enterprise, and it is a natural and easily understood consequence tlmt dear money shouhl ins cnormouslj'. Such being the case, it is no dilR -cult hmtter to realize why in Canada the stringency of tl*e money market should be greater than it is in some ot the older communi'tics. No coun-',try in the world can point to such a remarkable record of development as can the Dontinion. The record ot progress during the last ten i'cav=s, progress made in every branch of commercial undertaking, has no crj-! unl. In every part of the country the aanno story of prosperity and expansion is to 'be told. The great crowds of new citizens that have poured into the country h^ive had to have their needs supplied. (Those of them that have taken up farming in the. west as the lueuns by which to gain a (livelihood havc had to !� -u,j .()lio supply of nmnufactuixjd goods 'that in ovfry industry there has taken place nn enormous e.\pansion. IC\LA\H}RP fCHlWULISH JMKXTS. than the one The nmnul'nctiiivr and the tncrch -niu, in order to keep pace with the denmnds ot the people have had to enlarge their cstabiishmcmts, and the di>nv:ind for niono.v to cjirry oitt tho.se works has been .so grc>at that at the l>res(?nt tiino it is absolutely 4mpos-.siblo for the lianks and loan corpora, tions to. meet them, and, in spite of the fact that the rates of intcit!S.t have 'been considerably increas>eid,the}' are now only able to daal with such applications as will yield absoIiutel.v the nK)st advantageous results to tliemselvos. In other words, Canada's own *ti>eiucndous devclopiaent and pros|>erity affords tlie reason why money should bo dearer hero in other countries. It was frankly adipjittod to Globe reporter b.v more than head of big Toronto imlustries that it was impossible for them to afford that acuomnxxlat'ion to local industries as had Iwn alTordod in the oast. In this connection a point of great interest and considernible in�-portanoe to Toronto arises. Since the bccpinnii^ ot the year, huilding permits have been issuod in the city agsrogating in value $10,689,330. A considerable portion of this proposed constructive work is house property, and with the need for greater house accommodation ,in the city becoming nioi-e pressing it is of the greatest importance that these building operations should not be interfered nii'th. It must also l>e borne in mind that to a large extent the erection of new house property is undertaken as a speculation purely and simply and tliose ongiiged in this business are depeaKtenjt on the bankts end loan societies for the means of carrying on their work. The question Is, therefore, whether or no the stringiency of the inoney market will prevent any large portion of these undcrt_kin a graat majority done, sewers and sidewalks and elec- task YOUR WIRING siiould be dona by exi^ertB if you would have it both safe and satisfactory. We wire buildings for all kinds of Electrical Appliances and can furnish electricians with all that is most nioilern in electrical supplies. McKen2ie & Roy Office- Kedpath St, Lethbridge Phone 204 While You Wait Sho* Repair Shop. 01' '^)m^ Men^B shoes soled and heeled in 80 minutes. .Price 91.00. F. QERMAN ,\Ve8t of Bentley Co. ' Kootenay ash-pan is exception-aDy large. Hotels ^two-days* accumulation. Re-' moved easily, like drawer. Ranges ideiall a dresser attached to of cases, have made their financial arrangements. No doubt some isolated cases will be interfered with-, and people will be prevented from .going on with their work." It must .be confessed that this optinnistic opinion was not 'generally supported, and it is to ��>e feared that thegrowth of the city will not be so rapid this year as it was expected to toe, and as those conditions which have produced light money are likely to. continue Toronto's expansion will be somewhat retai'ded for .some time to come. ' There is another feature of the situation that is worthy of con�idera -tion. It is more than possible that the stringency of money niay havia a good effect in the long run by re-strarning munipalities in the west, l>urtic�larly from undue spending and in reducing the existing iitflatcd values of township lands. In that respect some benaflt �will accrue, although the remedy is rather a severe one. Speculation in all forme, whether in stocks, land values, or in ivhat-maylx! regttrdixi es mono legi'Mmatc, but what is none the less specula -tion, industrial davelppment is bad, and, to use the words of the gicntle-nuaii previously quoted, "It is not improbable that our industrial progress at the present time is taxing the future, ami while I am still op -tinvistic as to the future of the country', and balievo that the ccononnic conditions ai-e sound, yot I think tt possible to make haste too rapidly. If there was no other result it would foster a spirit oi cxtravagfuncc,which in itself is not desirable." ' 'Uedlcine' ar have spent a very consklerabic time in visiting and investigating the conditions of the weKt, and, as before stated, they. ivgard woill-selectod farm lands as oiTering excellent ascurity. On the other hand there is a concurrence of opinion 'that too groat care cannot Ijc exercised in the dealing in western town lots, and that if loans have Iwen ntade to any extent on out-lying url>an socurltics trouble will certainly result. There is practical e\idenw that a spirit of ga-ater sanity in regard to township investments is. baginning to prevail in the country. The extrnvugan't expenditure ot sonw of the western comnmni tics is being curbed by the rofusal of the public to sQi^.y money t^' trie lights having been run into the bush, while in ojio plajje tlicy luive subdivided the side of a hill. Assessments have been pushed up, and tl�o figures sent out to investors as values. The in^cstor, of course, con -siders the percentnge of debt to the assessed value-ten per cent, is con-Biderod reasonolile. excluding debts on such things as waterworks, which are assets when owned 'by the municipality-nnd the result is misleading Now this inc.noa.se of assessment.s, inflating values, is tolliing against the municifwlilit^s. It weans that the BrHish and eastern rnve-stors will not buy tJys .securities of these towns, and today large 'bunches of 'tlelx-n -tures remain unsold. Another interesting fiaaturc in connection with v,i39tern business at tl�o present time is that there is a good deal of private Euroiwan money going into the West. Theiv are a great many Englishmen possessing small amounts of capital going out west, who are impressod with the country, and who are giving loans on farm land security, while they are, as a rule, unwilling to have anything to do with town securities. There can toe no doubt but that this loan business will expand, ami by its means to some extent, the niocessary moneys to meet logitlinate rwciuii>emonts will bci provided. Further, thcivj is every cv'itlence that British cnpi'talists are beconving more and more interestocl in the gowth and prosperity of the agricultural west. One instance of what is tak'ing pln,co cam's particularly under the writer's notice during a' recent vl.sit to Great Uri'taiin. Last year a representative of a large private loan business in Birmingham visited western Canada. His firm's operations had, up to that timie,toecn confined to Australia, but so favorable was his report that Ihoy have decided to trnnsfer their work and the'firm, which control^ capital, ans ounting to something liikc 97,000,-000 to Canada; indeed, they have already invested a consiin those countries and who have left them with the 'intention of investing their capital in Canada. KNew Effects inf Cut Glass SC.VLED THE CHOWS NEST. For the fourth time in many years the Crow's Nbst Mountain was successfully scaled a few daj's ago by a party of seven, which included Miss Marshall of 'l\vber. Miss Hatch of Lethbnidgu, Mr. Marshall of '^ber, Rev. Mr. Gordon of Lethbridge, am\ Messi>s. Donald N. and P. I). Muc-Tavish of Calgary. All niemb ^ lish Rook Crystal, qnite differeiit from that here-to-fore shown. Tbe Crystal ttaetf I. heavier ana the cutunKa dcper tban that or atber yeara-the effect la even more plcaalnc It differa from "Blika' Cm Glan*" In that It �ependa nore upon Ita artlatic tracery .f de-atftn, torlta beaut; rather than brtUlancr. Rose Bowls, Flower Cen. \ \ tres, Decanters and Jugs ate ' most prominent in the assort* mounted in sterling silver, i others plain. VI. J. Armstrong JSWELER ENGRAVER OPTICIAN. Z Agent tor BELL PIANOS CAB LIVERY when you need a CAB To go to the 8';atlon or bring friends to yonr home. L H. FOWLER & CO. General Blackamtthlag and HorsesboviBg. New buggies to order, carriage palat-ing, all kinds of woodwork ia wag-ns, windmlUa. (amiing nilUt, craam separators, grain picktora, bl��FT ALBERTA BISCUIT CO., LTD. 334. OALOARY -A F. T. KANE Successor to C. A. Johnston. Under Electric Light Office. PHONE 179 Synopsis. Coal Mining Regulations Coal mining rights of the Dominion, in Manitol^, Saskatchewan, Alberta, the Yukon Territory, the North-West Territories and British Columbia, may be leased for a term of twenty-one years at an annual rental of 11 an acre. Not more than 2,560 acres will be leased tc ' one applicant. Application for a lease must bo made to the Agent or Sub-Agent of the district in which the rights applied for are situated. In surveyed territory the land must be described by sections, or legal sub-divisions of sections, anVl in tmsurveyed territory the tract applied for shall be staked out. Each application must be accompanied by a fee of |5, which will be refunded if the rights applied for are not available but not otherwise. A royalty shall be pai