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Newspaper
Russell Banner
Location
Russell, Manitoba, Canada
Date
May 09, 1907
Page
12
The Banner issued weekly from Main St Russell Manitoba states the publication price of one dollar and mentions advance payment terms for the year.
The chancellor outlined 7.59 million set aside to begin an old age pension system next year. He argued pensions are a right, not charity, and should aid honest workers who cannot save for retirement. He cited New Zealand as requiring good character and warned against abuse seen in some pensions.
A Canadian Courier report notes a cash shortage across merchants, manufacturers, capitalists, and bankers due to rapid expansion. Wheat awaiting shipment to Liverpool and large lumber stocks require cash, while stock slump and rising loans push finances toward strain. Banks show record loans at 579 million, with deposits down and funds pulled from external sources.
Brandon faces famine concerns while wood costs rise to 12 dollars a cord. Conservative Leader Borden maps a political tour through the dominating party region, outlining strategy and schedule.
A Maonic temple worth 50000 dollars is to be erected at Regina. Fire losses in the United States and Canada have averaged 20000000 dollars a month since the start of the year.
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