Banner Critique of Hasty Deal Prompted by Large Sum
The passage criticizes the rush to close a deal involving a large sum, noting electors through their House representatives should have scrutinized the matter more carefully before it proceeded.
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Newspaper
Russell Banner
Location
Russell, Manitoba, Canada
Date
Jan 16, 1908
Page
6
The passage criticizes the rush to close a deal involving a large sum, noting electors through their House representatives should have scrutinized the matter more carefully before it proceeded.
The district considers a proposed 300 barrel mill with a $50,000 stock offering. Barclay cites costs for mill staff and operations totaling $67,000 per day, with $35,090 already subscribed by outside capitalists and $15,009 needed to proceed. Promoters urge united effort and caution against naysayers as funding delays loom.
Last month was the mildest December in seventeen years. A Minneapolis IH plant fire caused about 150000 dollars in damage. Francis Dagger criticizes government overpay for Bell Manitoba system. Edward Hanlan, famed oarsman, died of pneumonia in Toronto. he dominated racing from 1873 to 1874. Farmers report collusion between railways and buyers over wheat shipments for October delivery, crippling contract fulfillment. Neepawa Press notes farmers bear the risk of nonaction and misbilling as cars move out.
The Manitoba Bell telephone system has been purchased by the general government and now operates. Critics question the high price and rush to close the deal without House debate. The agreement preserves Bell stockholders’ reservations including cross provincial connections and potential reentry rights if government exits the business.
The Manitoba legislature endorses a grain relief bill aimed at safeguarding farmers interests, facilitating grain sales, and securing better compensation. The government notes grain industries are paramount and that the measure reflects His Honor's speech. Concluded in next issue. Japanese table napkins advertised at The Banner. January magazines in stock.
Mr A L Bonnycastle delivers a strong address praising the purchase agreement for the Bell system in Manitoba. He notes twenty years of development and argues the price is fair, asserting residents would prefer the value over building a competing two-system setup in Winnipeg.
Tender notices invite bids to cut and haul 150 Tamarack logs 14 ft long with minimum 4 inch at small end. 25 logs to be delivered to private residences including P Hyde and W D Peddie and J Burgess among others, with dates noted for delivery. Reeve W H Lane listed as official.
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