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Newspaper
Russell Banner
Location
Russell, Manitoba, Canada
Date
Jan 09, 1908
Page
4
Fragmentary notice from The Banner lists a Thursday mod from the office on Matn Street Russell Manitoba and mentions Doan four year plus OGEPH MoINTYRE in a miscellaneous public listing.
The first session of Manitoba's twelfth legislature opened on a Thursday afternoon with the Throne Speech outlining aims to extend provincial boundaries, establish a government owned telephone service, aid grain growers, and reform municipal accounts. It promises bills on Telephones and Telegraphs, Education, and a more thorough audit system while seeking revenue for schools and swamp lands settlements.
The Province buys the Bell telephone system for 3 million dollars with 100 thousand for supplies and takes possession January 15. Payment to be by 44 year government bonds at par. Premier Kublin pledges a conservative, nonpartisan approach while continuing the department of telephones to assist municipalities in establishing local systems.
The message praises the Dong Store in Manitoba while noting outsiders cannot judge a deal without full details. Time will reveal if the arrangement proves favorable, but current judgment cannot be made.
The Commercial argues banks should offer higher interest on deposits to lure savers away from money doubling schemes. It questions why banks pay low rates to depositors while earning on loans and suggests a modest rise in deposit rates would boost bank funding and benefit the economy.
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