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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - September 5, 1907, Lethbridge, Alberta Listen Can you bear your watch tick Doesit need repairing Remember that I can repair your watch tho way it should My work is piece is a besides you will never have the chance to bay them at such low A pleasure to show Ross Tate The Jeweler You will be building possibly this and will require Bath Room Warm Air Furnace Hot Water System We are prepared to give you right prices and the of We make a specialty of this work and you are sure of Particular attention paid to See us regarding your next job of electrical Phone HicK EX Wahely The Leading Steam and Hot Water WHY MONEHS SCARCE Special Article on Present Finan cial The Toronto Globe in a ivccnt is suc published article on the financial stringency which deals in part with conditions in Ihe manneeds to be told that at tho present time there exisisthrough out the money markets of the world a condition of every where money ishard to even wlxm the security offeredis of a giltedged but probably in no country is the demand for money more uliilicult to ihau in Can It has been an open secret for some time that the financial iusti tutions of the country have notbeen ajd are hot now willing comply with all tlie demands made uponthem for Ahe and great loan companies aw in any way j in a Imd financial but that they are determined to continue a good financial The calls marie upon them are so numerous that it is impossible to satisfy ev With a is being thought of the position in circles a representative of The Globe has during the last few days waited on a number of gentle men in the city of Toronto who are closely identified with financial or and for some what obvious it is not pos sible to disclose their yet the results of these investigations are of ami on the whole may lie regained as reassuring by those who have of a 1Htle fear ful as to tlie condition which affairs have CAUSES OF DEAR Generally speaking the chief causes of dear money throughout the world in the first the huge expenditures brought about by the South African costing the Brit ish people in rouml figures something like hundred and fifty million pounds Stirling the great be Russia ami both of which turned money from ts al industrial awl finally the great of prosperity which has literajly swept over the world of re cent The last mentioned fac tor is by Tar the most it is so needs only nmo ments thought on the great indus trial development that has taken place in connection with the three great manufacturing nations of the the United States and In each of these why than the one plied with and tlw population so rapidly has deinuincJed such an increase in thisupply of mHnufaeUued goods in every industry there has talc enplace an enormous KXLAHGI51 KSTAHLISii The manufnetuivr ami the merch In order to keep pace with tho lenmnds of the people have had to their nnd the for money to carry out tliew works has been so great that at the present time absolutely impos sible for the banks and tions spite of the fact that ihe rates of have Ixxsi considerably arenow only able to deal with such applications as will yield absolutely the most advantageous ixsults to In other Canadas own Miviuehdous development and prosperity affords the reason money should be dearer here in other 11 frankly admitted to Globe reporter by more than head of big Toronto industries that it was impossible for tliem to af ford that accommodation to local in dustries as had been afforded in the In this connection a point of great into rest ami considerable im portnnce to Toronto Since the beginning of the building permits have been issued in the city aggregating in value A considerable portion of this proposed constructive work is house and with the need for greater house accommodation jn the city becoming more pressing it is of the greatest importance that these building opera tions should not be interfered It must also bo borne in ntlnd that to a large extent the erection of new house property is undertaken as a speculation purely and simply and those engaged in this business are dependent on the banks and loan so cieties for the means of carrying on their Tlw question there her or no the stringency of the marketwill prevent any large portion of these undert kings for which have been issued being carried MADE FINANCIAL ARRANGE Asked whether he thought that particularly in to last the rate of progress development comparatively the last few years has been The expansion V i he and speakin l astonishingly If you wish draying or moving of any kind call on We have the largest and best equipped cartage business in the with thoroughly experienced men in All work promptly attended Hay and Oats of the best grade for Coal delivered to all parts of the city on short Western Warehouse Trafsfer dooi south of Opera House Phone 63 of commercial and industrial enter prise throughout the world as a Worry never completed worth The vacation earned is lion matter of been proceeding greater ratio than has the increase of the worlds supply of tlie basis of all commercial and it is a natural ami easily understood con sequence that dear money should re EnornKius enterprises like the Transcon Egyptian and African pro jects o great magnitude have adtie to these burdens Such being the it is no dilfi cuHt matter to realize why in Canada the stringency of the money market should te greater than it is in some of the older No coua jtrynri the can point to such a remarkable record of development as can the The record of progress during the last ten progress made in every branch of commercial has no i In every part of the country the same story of prosperity am ex pansion is to be Tho great crowds of new citizens that have a task poured into the country have had io have their needs Those of them that have taken up farming in the vaca west as the mouns by which to gain a livelihood havc had to le up YOUR WQUNC should be dona by experts if you would have it both safe and satis We Kire buildings for all kindsof Electrical Appliances and can furnish electricians with all that is most modern in electri cal QfficeKedpath Lethbridgc Phone 201 While You Wait Shoe Repair Mens shoes soled and heeled in SO Price GERMAN West of Bentley Kootenay is exception moved like a dresser Flanges attached to firepot guide all ashes into Free booklet Hat is havingits houses A new Masonic Lodge organiz ed in Medicine JIat lost Rogers Cunningham NORTH OF THE TRACK Builders Supplies of Every Description Wholesale and Retail Lumber Shingles Doors Windows Mouldings Lime Lath Building Paper Tar Paper Cedar Fence Posts Coleridge taking their bond issues and the in flated values are No bet tor instance can be given of how val ueshave forcedup than that of case which occurred in a well known western A property held by an eastern holder was assessed at but on it being offered for the best bid secured was In spite of this very practical valu ation oi the the assessment when it as appealed was To emote another Toronto financial man The Town Councils have been run who have forced tip assessments in the cases wi JI be interfered and people Avillbe prevented from going with their It must be confessed that this optimistic opinion was not generally and it is to befeu red that thegrowth hope such would be the one the values would become per man said most In order to create because before obtaining their all sorts of things have been at leastin a greatmajority sewers and sidewalks andelec of have made their financial trie lights haying been run into the No doubt some whileinone place they subdivided the side pf a Assess ments haveIxecn pushed sent out to investors asval The of con siders the percentage of dabt to the assessed per is con of ihe city willnot be so rapklithis sidereal excluding debts year as it was expected to and as those conditions which have pro duced are likely con tinue will be somewhat rota riled for some time to I There is another feature of the sit uation that considera It is more than possible that the stringency of money may have a good effect in the long run by re strainingmunipalities in the particularly from undue spending and in reducing the existing inflated values of township In that respect some benefit will al though the is rather a severe Speculationin all wheth er in land or in what regarded as more but what is none the less specula industrial dsveippnient is to use the words of the gentle man previously It is not pro improbable that our industrial gress at the present time is taxing ami while I am still op tfmistic as to the future of the coun and believe that the economic conditions are yot I think it possible to make haste too JT there was no other result it would lostcr a of extravngvnccfwhich in itself is not A RESTRALXJXG As a matter of fact there is al that this restraining on such things as which are assets when owned by the muni the result is misleading Now this in flating values is against the It that the British ami eastern investorswillnot buy the securities of and today large bunches of delKn tures remain Anothcr interesting feature in con nection business at the present time is that there is a gbwl deal of private Enropcian money go ing into the Therearc a great nwiny Englishmen possessing small amounts capital going vho are and who ore giving loans on farm land while they as a unwilling to have anything to dp with town There can be no doubt but that this loan ness will and by its means to some the Io meet legitimate requiiwucnts will there is every evidence that en pita a re becomang and more intciesteii in the gowth and prosperity of the agricultural One instance of what is taking cainc particular ly under the writers noficc during a recent visit to Great year a repiescntative of a large pri vate lonn business in liirmingham visiietl western CanadaHis firms operations up to that confined to but so favor able was his report that they have decided to transfer their work and uhich ounting to something like 000 to Cnnada they have al ready invested a consitlerablc in the almost every boat arriving from the old country is bringing men from South ami whoare not satisfied with prevail ing countries an have left them with the intention of in vesting capital in ready influence is Iwaring On the part of all tha financiers interviewed there was a cordial agreement with regard to Ihe position of the In each instance the opinion wis ex pressed that there couki not be de sired better security than that offer ed by western farm provid ng of thot cnrc was The proof of the is in the and the faiththat lonn companies have in farm lands sa security at the present time is by the fact that at oneboard mecttng in Toronto this eighty mortgnges on farm lands were puss Some of the representatives of the investment companies this have spent a very considerable time in visiting and investigating the con ditions of the as they wellselected farni lamls as ofTeriivg excellent On the other hand there is a con currence of opinion that too groat caro cannot le in tlie deal ing in vxxstcrn town an thU if loans have hvcn niaifc to any extent on HrKin securities cortainly There is procyears Alpine encanvpmoit nt Glacier tical evidence that a spirit of greater this Crows Nest sorrily in regard to township is looked upon as n rocont psirtictilarly so when it is known that two young Miss of Talcr nnd Miss Hatch of thc first to rendi the SCALED THE CROWS For the fourth time many years the Crows Nest Mountain vas suc cessfully scaled a ago by a party of included Miss Marshall of Miss Hatch of Marshall of Gordon of nn 1 Donald Tavish of tire party are ar beginning lo in the The extravagant cxpendi turc of soino of the western conmnmi ties is curbed fey tho refusal 10 money by I TRY OLIVER Everything required in the construction of a i Lumber and all kinds of Mill Work money to Calgary and p to UP Lethbnage and a local industry hy pitroniziny f Olivers Paning and Lumber Yards and ind Bompcis StreeW f Telephone 158 t New Effects in Cut Glass Our recent importations in cfude an assortment of Eng lish Kock quite from that hereto fore The Crjstal Itself In heavier and the deeper man ihat of other effect U even more pieaAinff It from Cni Glann In that U more lis artlatlc tracery of de rorlu ratfler than Rose Flower Cen Decanters and Jugs are most prominent in the assort some of which come mounted in sterling others JEWELER ENGRAVER Agent lor BELL PIANOS L FOWLER General Blacksmtthlng and New buggies to carriage paint all kimls of woodwork in fanning cream grain raith Give Baby Cookie v GAB LI VERY when you need a To go to the station or bring friends to your KANE Successor to Under Electric Light PHONE 179 There is really no difference between the Cookie we bake in our big ovens tiki the kind mother used to The children simply love an and they are so Buy a pound from grocer if does not sell thom writo to the fac tory and we will send you a trial Mention year grocers Coal Mining Regulations Coal niining rights of the Domin in the Yukon the NorthWest Territories and British may be leased for a term of twentyone years at an annual rental of an Not morn than acres will be leased to one Application for a lease must ln made to the Agent or SubAgent of the district inwhich the rights applied for arc In surveyed territory the land must lie described by or legal subdivisions of ani in unsnrveyed territory the tract applied for shall be staked Each application must be ac companied by a fee of S5T which refunded ap plied for are not available but not A royalty shall be paid on the merchantable output of the mine at the rate of five cents per Every lessee of coal mining which are not being operated shall furnish the district Agent of DEFT ALBERTA BISCUIT A ALT A Dominion statement Lands to that with a sworn effect at least once in each The lease will include the coal mining rights but the lessee may be perniitted to purchase whatever available surface rights may be considered necessary for the working of the mine at the rale of an v For full information application should be made to the Secretary of the Department of the or to any Agent or Sub Agent of Dominion Deputy Minister of the Interior publication V ot this advertisement will not be paid ;