Lethbridge Herald (Newspaper) - September 5, 1907, Lethbridge, Alberta
Listen! . Can you hear your watch tickY Does-it noctl repairing? Remember that I can repair your watch tho way it should be repaired. My work is guaranteed. We have just opened a shipment of CUT GLASS. Every piece is a dandy, besides you will never, never, never have the chance to buy thetn at such low prices. A pleasure to show goods. C. Ross Tate The Jeweler plied with machinery, nmt the grant growing population ho rapidly Increas lug Ills demanded such �n increase In the supply of manufactured goods thnl In every Industry there hns taken place nn enormous expansion. IUVF. KNLAllllEO ESTAM.1S1I -MENTS 'rhe nMuiuruetuivr and the merch nut, in order to keep puce wMh the deitmnds of Uu> people have hnd to enlarge their establishments, ami the tlciinrwl for money to carry out these works has lioon mi great t'lvnt at the present 'time it is absolutely Impossible for the lH\nks and loan corpora, tions to moot them, und, 'In spite of the fnet that the rates of interest have Ikvh considerably increased,they ore now only aide to donl with such applications as will yield absolutely the most advantageous results to You will be building possibly this season, and will require Bath Room Warm Air Furnace -OR- Hot Water System We are prepared to give you right prices and the Wsl of material. We make a specialty of this work and you are sure of satisfaction. Particular attention paid to jobbing. Sec us regarding your next job of electrical house-wiring. Phone 116. HicK (& Wahely The Leading Tinners, Plumbers, Steam und Hot Water Fitters. f Y V X DRKYING. t 3* T y v y y ? ? ? ? If you wish draying or moving of any kind done, call on us. We huvo tho largest 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 Warehouse & Transfer Co., Ltd. Office-First dooi south of Opera House Phone 63 Imm^**.:.***.:..:..:.*.:..:..:^ Worry never completed worth while. task The vacation earned tlon enjoyed. is the vaco WHY MONEYJS SCARCE Special Article on Present Financial Stringency. I'lte Toronto (llobe in a recent Issue published ething like two hundred and fifty million pounds Stirling; the great war l>e -twiv-ti HusHia ami ,lapnn. both of which turned money from natural industrial channel, and finally the great �nve of prosperity which bus literally swept over tin- world of recent years. The hist mentioned factor is by far the most important. To realise that it is so mvds only a moment's thought on file gn-at 'Indus-j'trinl developiiKiit that has taken I place in connection with the throe great manufacturing nations of the woiUI-(Jr.'at Hrilaiik. the t'nlted j States and CJermany. In each of these countrys. particularly in regard to tho last two. the rate of progress ami development in, conymmlively speaking; the last few years has ln-en astonishingly great. The expansion of commercial ami industrial enterprise throughout the world hns, as a matter of fact, Ixvn proceeding in a greater ratio than has 'tin' increase of the world's supply of gold, tin- basis of all comnh'rcinl enterprise, and it is a natural ami easily understood consequence tlmt dear money should iv-sult. Enormous enterprises like the Panama 'Canal. Canada's TYanscon tinental, Egyptian ami African projects of great magnitude have udded to these burdens enormously Such bein� the cusc, it is no dim -cula tiuitter to realize why in Cnnadn the stringency of the money market should he greater than it is in some of the older communities. Xo eoun-',try in tho world can point to such a remarkable record of development us can the Dominion. The record of progress during the last ten yeur-i. progress made In cvory branch of commercial undertaking, hns no etp unl. In ciery jmrt of the country the same story of prosperity awl expansion is to 'lie told. The great crowd's of new citizens that have poured into the country have hud lo have their needs supplied. (Those of them that have taken up farming in the west as the mouns by which to gain a livelihood have had to U' -u,> money should be dourer hero than in other countries. It was frankly admitted to tho Ulohe reporter by more than one head of big Toronto industries that it wns 'impossible for them to afford that accommodation to local industries as had Iven nflorded tn tlie oast. In this connection a point of great interest ami considerable importance to Toronto arises. Since the beginning of the year, building pcrntits have been issued in the city aggregating in value $10,080,330. A considerable portion of this proposed constructive work is house property, and with the need for greater house acconuiiodnUon ,111 the city becoming tnoiv pressing It is of the greatest importance that these building opera tions should not be interfered wiith It must also he borne in mind that lo a large extent tho erection of new house property is undertaken as a singulation purely and simply and those engaged in this business aro dependent on the bnnks and loan societies for the means of carrying on !their work. The question is, therefore, whether or no the stringency of the money market will prevent any ; large portion of these undertakings 1 for which |h>rimts have been Issued being carried out. ***>**>****.***Mi*m**4& Rogers - Cunningham Lumber Co., Ltd. YARD NORTH OF THE TRACK Builders9 Supplies of Every Description Wholesale and Retail et -ter Instance can be given of how * allies have Iveen forced up than that of a enso which occurred 'in a well-known western town. A propertyhold by an eastern holder was assessed at 84,000, but on it being offered for sale, tlie best bid secured was 82,."WO In spite of this very practical valuation of the property, the assessment when 'H wns uppculod against, wns upheld. To quote another Toronto (Inanciul man: "The Town Councils have been run by boomers, who have Asked whe-ther he thought that'forced up nssessiiieiits in the hope such would |j� the case, one gentle- that tho values would liecome per -man said most emphatically, "No! mancnt. In order to create town because people. In-fore obtaining their lots, nil sorts of things have tveii permits, at least 'in a great majority done, sewers and sidewalks and olec-ot cases, huve made ihoir financial,trie lights having been run into the arrangements. No �doubt some lso-|bush, while in one plnec tliey hav t TRY WM. OLIVER -FOR- � Everything required in the construction of a Building, Lumber nnd nil kinds of Mill Work x Do not send all your money to Calgary nnd Cranbrook. X Help to '"e don.> by exjwrts if you would ltavn it both aui'u und satisfactory. We wiro buildings for all kinds of Electrical Appliances and can furnish electricians with all that is most modem in electrical supplies McKenzie & Roy Qflice- Redpath St, Lethbridge Phone 20M While You Wait Shoe Repair Shop. Men's shoes soled arid heeled in 30 minutes. Price $1.00. F. GERMAN West of Bentley Co. Mptllcino Hat is having its houses numlKivd , A now Masonic Lodge mas organized In Medicine I kit laqt week. ^> latctl cusp's will be interfered with, and |ieople will Ik- prevented from going on with their work." It must j.be coufess�l that this optimistic opinion wus not generally supported, nnd it is to be feared that thegrowth of the city will not lie so rapid this year as it was expected to lie, and us those eumlH Ions which have produced light money are likely to continue Toronto's extension will lie somewhat ii'tardcd for some time to come ' There is unnthor feature of Uio situation that is worthy of considcra tion. It is more than possible that the stringency of money may haw; a good effect in the long run by restraining munipalities in the west. Ihirticiilnrly from undue spending und In reducing tho existing Inflated vulueti of township lands, ln that respect some benefit will accrue, although the remedy is rather a severe oik-. S|>cculuMon in all forms, whether in stocks, land values, or In what-uuiylie regai-dMl us more legitimate, but what is none tlie less specula -tion, industrial development is l�d, and, to use the words of the Rvntlo-nuiu previously quoted, "it is not improbable that our industrial progress at tho present time is taxing the future, ami while 1 am still op timiht'ic us to the future of the country, und believe that the economic comlitions are suuml, yot I think it possible to make bus-to too rapidly. If there wus no other result it wouUI foster n spirit of extravngi-nw',which in itself is n. uik! the figures wnt out to Investors as values. The investor, of course. con -siders the |*'rcentugi� of debt lo the 'asM'ssivl value-ton |ier cent, is con-siderod ivnsonable. excluding debts on such things ns waterworks, which ore assets when owned by the municipality-and the result is misleading Xow this increase of assessments, inflating values, is tell,ing againsl the municilmlities. It imeans tlmt til.' llrltish and eastte Kuro|s�m money going into the West. There are a great many Englishmen |iossrutlons lind, up to that tlme.lxfen confined to Australui, but. so favorable was his report that they have decided to transfer their work and the'flrm, which control,* capital, amounting to something Hko $7,000.-000 to Canada; Indeed, they nave already invested a consiiJemble lumount in the country. Again, almost every boat arriving from the old country �is bringing men from South Africa. Ausiml'ili. and No\v /Mtiwnd, who an' not RntisflcHl with conditions pivvail-ing 'in those counti ies nnd who have loft them with fhu intention of investing their capital in Canada. New Effects in i Cut Glass Our recent importations include an assortment of English Rook Crystal, quite diHcreiit from that here-to-fore shown. The Crystal ttsclt In heavier ml the cutilnrfu draper tB�n i hit uf oiber yc�r�-the effect In even more pinning It differ* from "Blrka' Cut lilasB" in th�i l. depend, more upon Hit artistic tra:ery ef de-miin, for tin beam; ratber than tirlUlancr. Rose Bowls, Flower Centres, Decanters and Jugs are most prominent in the assortment, some of which come T mounted in sterling silver, otherB plain. |W. J. Armstrong! JEWELER ENGRAVER OPTICIAN. Agent for BELL PIANOS L H. FOWLER & CO. General Blacksmith!ng and Horseshoeing. Xow buggies to order, carriage painting, all kinds of woodwork in wag- ns, windmills, fanning mills, cream separators, grain plcklera, bbr.lt- mlth coal. LtTHoKlDCE, ALIWTA. SCALED THE CROWS NEST. For the fourth time in, many yvaru the Crow's Xbst Mountuiu vns successfully scaled a few daj� ago by a imrty of seven, which included Miss Murshull of 'l^tiber, Miss Hatch of Letlvbrudgo, Mr. Marshall of Tuber, Rev. Mr. fiordon of U>lhbridge, an I Messrs. Uonalil X. und I'. 1>. Mac-Tavlsh of Calgary. All members of the party ure ur-tlvtvt climbers, being members of this year's Aljiinc encumpiiuiit at Olncier. �However, this climb of Crow's Nest ,mountain is iook�'d upon ns n ivcoiil-breakor, particularly so when it Is known that two young ladies, Miss Marshal,! of Tuber und Miss Hatch of Lethbridge, were tho first to reach iho summit. .., Give Baby J (Cookie9 � I There is really no difference between the "Cookie" we bake in our big ovens and the kind mother used to make. The children simply love an A. B.C. Cookie, and then, too, they are so healthy Buy a pound from your grocer; if he does not sell them write to the fac' tory and we will send yon a trial packet. Mention your grocer's name. ��T ALBERTA BISCUIT CO., LTD. S'ii. caloabv a alt a a.a CAB LiVERY when you need n CAB To go to the s'ntion or bring friends to your liouiu. F. T. KANE Successor to C. A. Johnston. Under Electric Light Office. PHONE 179 Synopsis, Coal Mining Regulations Coal mining rights of tho Dominion, in Manitoba, Saskatchewan, Alberta, the Yukon Territory, tho North-West Territories and British Columbia, muy bo loused for a term of twenty-one years at tin annual rental of $1 an acre. Not more than 2,5(X) acres will lie leased to one applicant. Application for a lease must be made to the Agent or Sub-Agent of the district in which the rights applied for are situated. Iu surveyed territory the land must lie described by sections, or legal sub-divisions of sections, aivH in unsurveyed territory tho tract applied for shall be staked out. Each application must bo accompanied by a fee of $5, which will be refunded if tho rights u|>-plied for aro not available but not otherwise. A royalty shall be paid on the merchantable output of tho mine at the rate of rive cents per ton. Every lessee of coal mining rights which are not being operated shall furnish tho district Agent of Dominion Lands with a sworn statement to that effect at least once in each year. The lease will include the coal mining rights only, but the lessee may be permitted to purchase whatever available surface rights may be considered necessary for the working of tho mine at tho rate of $10 an acre. For full information application should be made to the Secretary of the Department of tho Interior, Ottawa, or to any Agent or Sub. Agent of Dominion Lauds. W. W. CORY, Deputy Minister of tho Interior N.B.-Unauthorized publication of this advertisement will not be paid for.