‘ t raiiouaapun. cnau.o‘i"rs'i~cwit.

V = ,' '-.~ _ 54.. . , _ __ . ,,.,,, _ _ », - ,,

W _ f tc... - “Ins government has seen that there is

- such a thing as toemaoy precautions, _and

too stringent provisions. The contract

i__....i--»

A rassdd ln'ti.i"a London money' markst.

wus found to impose such severe condi- tions u n the Grand Trunk Paeitic that

Pllilllll' Elllllllllll Milli PUBLIII; -° _

visions are relaxed Still the public will be surprised lo learn how little

Piiiiti Muni liiiiiisiiii ini win.,,,,,,,,,,,,,.,,,,_,,,,,,...,

in

financial assistance couli no. be atta . As the country needs the road, the pro-

' isonrnaai. wrrrrirss.

The witness says:-“The changes in the

rsement as com ared with the old

Tim Ci18\1g¢Sin the New Agreement, as Compared With the Old, Relate Entirely to`““"°B P -

Fi -_ relate entirely to financial conditions,

nancia o tions Easier for the Oompany and Harder for the Government, and

easier for the company and harder for the

1

‘ government and to extensions of time in

to Extensions oi Time in Which to Complete the Contracts. But the En- “ble” °° °°°°°‘°°° ‘he °°““°°“- 9"” We

enterprise remains the same in spite ni'

harder conditions and of all the

terprise Remains the Same in Spite of These Harder Conditions time

` ` adverse criticism that the government.

has had ic bear because of it

and of all the Adverse Criticism that the Government has ..T `

be country has no special reason to

' find fault with the amendments, except-

had to Bea' Because of lt' ing perhaps it be that relating to the de-

OHAWA. Feb. 29.- ras msaiamioas

posit, and more particularly the amended clauses concerning the common stock.Bnt.

f te rl b th _ ° ° Y enovemmenh In this Datum main" aetheeompany has evidently found the

the Grand Trunk Paclilo contrast which lar the En li h d hi h ld Th i h I ii bl" besil saved upon between the gov- ilor'the appginstmleedxtxixa’ mlina: er‘ldlr°:'ge:l; leaseefrglzimtinenycozlanlllsldirerdAlilrliigilirtdd W°vm°" °t uw bm wo °n"°“s t'° on", °"“m°°i' “id 511° °°U1Dll\¥. and which will to receive is substituted for the remedy for the construction of the 'eastern divi- out in the Wage" phenommal sm" Dt

' - ~ the money market, the government was

be submitted to a meeting of the gnu-¢

by foreclosure or sale. In this event, it sion such portion of tho eastdtll division -

led to make concessions unless it

iroiam ofthe G.'i‘.1t.onm a i L 2 iiiiwu. d i °°‘“

D IJ! n on w e utyo the manager under the as may from timetc time be completed were mme me pmnctkmed Alwgewerf,

5°". Mid “Willy to the Canadian parlia- amended contract, in case of default, to upon such terms as may- be agreed upon

mont, were given out here olclally to- manage and operate the western division, between the commissioners, to use and _

to receive all the tolls and revenues, to operate these portions without the pay- '

There are only one or two important pay the working expenditure, and tc dls»\`, ment. cf tolls or other conipansatlon in the A

trinute the surplus revenue. portion of ,execution of their commission.

night.

changes. The Hllvarent obiect of the amendmsn

ts seventy-live per cent, g -

ia to facilitate the linanciog of the moun- anteed by the government, and ANO'rHxa claus: rn Favor; or ooiir-ANY.

tain section of the road. and to provid

in case of default a remedy known to th

English bondholders, who will have Pl'0Vide'the funds for the construction the line from Winnipeg west.

The control cf the location of the lin

westward remains in the hands of th

ROVHDIIIBHIS. and the close identilicstio of the old Grand Trunk with the compan is maintained.

Thercis no change wheteverin th

eastern division.

The location lease, construction, opera

tion, etc.. remain unchanged. At the on B60. the object of the government was

tion to the manufacturing centres of th

east, now reached by the Grand Trunk common stock, which they have agreed

tion of the northern portion nf Quebc

of the bonds uar

e twenty-dve per cent. to the hoidars of

o The company is, throughout. the term

SYBNID. I-0 UDB!! up the undeveloped por- to take.

a

and Ontario, and to provide an ull-Can didn F055 UBYFYIDR Canadian products l Canadian seaports.

uovrarmiiu-:N'r -ro cn/iitarrren 75 can crmr.

OF COST (JF HOUNTAIN SECTION.

The first important change is cxtendin the bonds ot the mountain section. Tn

substance of the change ls that the gov-

ernment undertakes to guarantee th

bonds of the company to be issued for th

R

~ of the lease, obliged to hold a majority of c the stock, so as to enable the G. T. R. lo

control thepolicy ofthe Grand Trunk Pa-

gific Company.

TIMEFOR WESTERN SECTION IEKTENDEI)

8 THHEEYEARS-

construction of the western division, no ng YM", or num Decemhér' “HL

to make the proceeds of the bonds guar- anteed, asum equal to seventy-ilve pe

cent. of the cost oi construction.

The limitation of the prairie section l

respect of the proportion of the bond guaranteed, is rs.alnsd at $13,000 a mil

but thi- limitation in the rriglnai contra

c

with regard to the mountain section o

$30,000 a mile, is modilis:l, and the gua antee under the amended contract seventy-live per cent. of the cost, of co struction.

gAN°T FORECLOSE IN CASE OF IEFAUL'

Another important change is in respoo

'to the remedy in case of default bein made by the company with regard to th payment of interest on the bonds gun;-M..

llll. A. W. illlASE’S c-

0ATAllllll CURE . ..

ll sent direct to the diseased

plans by the improved Blower.

eals the ulcers, clears the air

passages, stops dropplnfs in ihs throat and rmanani y cures

Catarrh and Efaglfever. Blower All dealers, or r. A. W. Chase

wil

1.

l`.

“ road.

B The original contract did not provide a ° time limit for the completion cf the cast- °‘ ern division, although the company was I obliged to complete the western division

at a Hxed date, and to provide equipment

in for the whole line east and west, of 520 “` 000,000. Amendment waslthereforendcpt-

I ed, having for its object to provide that in ihe event of the western division being

f, completed and equipped with rolling g stock to the amount of $l5,000.000 before e the eastern division is constructed and

completed by the government, the com

guarantee.

t.he.sxtAnt of $20,000,000, of which $5,003,

PRPER

Spring means that nature is renewing herself. Why not

renew your Wall Paper? We keeP “H Gf5d°5’ an

tl ble roll and

prices but the lowest starts at cn; figure a on

goes UP-

If only for your financial

beneiit we want to tell you that

we have just completed opening up over $2000.00 Dollar, wgffh of the handsomest designs in Wall Pgpgr, it has been our good fortune to secure. just here We wish to remind you that we are Sole Agents for P. E. Island for Ce.nada's Greatest Wall Paper Factory. (Messrs. Colin McArthur6» Co-. \1°°fP°f°¢¢d) Of

Montreal

'1‘h¢'Deg|gng and Coloringg of this year's goods ex-

cel all former productions

Perhaps your Parlor. Dining Room. Hall. Bed-

_ Room or Kitchen needs an new Wall Paper

Dfggg. It will not cost much if youdjzuy your paper from US-

' 'Wo hav'e"Htted upa pleasant an bright S ow Room

on ¢°n‘d F1991- immediately over main store known by

l 5' ¢` ' ' y as "Santa Claus Headquarters” easy to get Sf.

_ d galil# impsognby sour-araear.

V I of , ,L !lag`*h?st.il;'lhh:n'thIs pgiedtland rdglilgzily `, committing the country to a great undrr- _V ' taking. It tn sont thatl stssdol h \ - -

TELEPHONE 10’ , ing reeklsasnar; tha gnsernmentrdseiv

,f |MPOR_TERS Akmlc WALL PAPER» 4 , :tp’t::° e-t|1r)itt;:t"vl:i)i;:i8;or1\l:n‘i°|)rr°'scal\;tioLr::-‘g mmm 63.

*.7 . ‘ h . d 00- °§°='.€‘:.:‘;i:_i;:.“::‘..:'i..¢.i.'r,: so wo _

, your-.request for your inspection. .

o bonds guaranteed by the G. T. R. In elf- Wllh l`e5D€°i- W U10 MOMIUU 990*-|90. to oomprovigiof. is mule fo,-411.,-,,-|h,,;10,,, in there is an amendment to the clauses ci of case ordsianit,oit.tieffir..i..,¢.oft.ii» road the orlslnal agreement which provides

between the holders or bonesgnaranteed `thatl'0rlbe first seven years after the

5 by the government ami the holder or -line was in Operative the we-pany was . ,bonds guaranteed by thc ri. r. it., in the ',exemnt.fr0w the payment ol lowest on

.1 proportion stated. All other bonfihoiders the bonds iwsranteed by the government- _ . y and shareholders remain unprovldcd for. lf. f0!` f/he “BU Y-MP0 YGBPU. liiiffllllli The "ue mmm of beauty ls hmm"

The amended agreement als: provides motif in me DBYYHEIIU Of TDEEPSSU. the ill'

9 that thoposnc-sion ni the mlmnger ;,h|,,11_( terrst was capitalized and hore interest.

terminate when the application of the ‘The effect ofthe amendrrient is lo provife

- surplus tolls and revenues shall have paid ‘ibut lifter i-iw lellih .i‘H\f. when Undef T-U0 5. off the an-Enya of |ur,¢|-ng;_ _ original agreement the obligation to pay,

to Another change in the contract is made llllewfif WHS HUSOIUIB- 11° DF00¢@<li“ilS i0

give the west the benefit of close ccnnec- in giving to the G.T. Tl.. Company the BDDOTULB IDBDBRQY 0811 be laklfo “Di-i

3 power of dispogmon 0| me 5-g5_000,0_00 such timeas the company wssin default

The following are the other rnodillca-

° tions: The time for the completion of the ° western division is extended for three

The word “strike” is inserted as one of

r the occurrences which mlgbtjustify the

extension of time of the completion of the

pany shall be entitled to the return of the depoilt of $5,000,000, as provided in the original contract, and to the government

It is to he noted, however, that the ori-

ginal obligation to provide equipment to

(XD is msigned to the eastern division, re- MONTREAL n1i7.s'i"rE.

hm mains to be complied with when the east.; The Gazette says: Soma or these “°dm"' c°" T°'°m° md Buam' ~ “"1 d‘vm°“ 'B “mpleled by me R°v"" changes seriously aifect the original con-

is

1

to pay interest in an amount equal to live years' interest on the bonds guaranteed hy the government.

ct. 'r. i>. To have xvNNrNi: vownus oven

noaii airrizit 50 YEARS.

If the gowrnrneiit undertaken the oper-

ation of the eastern division at the end of fifty years, the company stipulates that they shall have for another period of fifty years, such running powers as may be necessary for acontinunity of operation bi tween the western division and other portions of the ccmpany‘s system. Pro- vision is made that if the government un-

sion at the end ofthe companys lease, and the company have constructed branch lines connecting with thi-it divi- sion, ihe government are to take over the brunch lines'at a valuation, and in rating such branch lines the amount. of any grant or grants which the company may have received frorri the parliament ‘oi Canada may be deducted. ,

As a result of this agreement it may he

contldentlnily expected thai. the grant of $5 000,030 will be duly made in accordance with the statute.

PRESS COMMENT. _

MONTREAI., March 1.-Today's papers

with the rxceptlcn of the Star comment on the amended airreement between the government and the Grand Trunk Pacino.

tract. which parliament has sanctioned. They increase the possible liability of the country In the matter of bond guarantee.

“They reduce the power of the govern-

ment to recoup itself in case of a failure of the projected road to earn enough to pay interest on its bonds.

“They will also help to make it sure

that the government will not. at the ex- piry ef the lease take over to be operated by itself the eastern division.

“They show that the haste with which

the government rushed through the original bargain was bad for the company as well as for the government, and the country.

"They will give occasion for hostile

criticism ofa scheme that was open to grave criticism in its original shape.

“They will doubtless be accepted by the malorlty in parliament. The position of the government and its party is such that they must accept anything the con- trolling minds agree' to.

“They will give new reasons for regret-

ting that a lot of political muddlers ever undertook to amend the original business propdsitionof the Grand Trunk Pacino promoters."

KOIIRIAL HIRALD.

The Herald aoys:“The proposed changes

in the trans-continental railway contract have been made public. Canadians will bs gratided to learn that in all lb sesenr.ial_s the agreement with the Gr-and Trunk

Pacino ramaits an it was wks it secured the signature or Mi-. ini ng, ming minister of railways. There has bees some relaxation ci the iii-st stringent

Rich Soft Skin

prove Your Appearance.

and maintain t

When beauly begins to indc you can

almost certain that some ilcraiigement. functional uctivity is secretly unfierniin ing strength and vigor. This must

which viviiles ull bnliily fiiiictious

and locks immediately follows.

nutrition an-i quiskens the foruiutlon

reduces the wcaruud lciiroii thc body

imprcvririeut follows.

brightness.

that invariably follows the use oi'

merit. Toits enduring and lasting

downe, Mrs. F. G. Butler says:

dcrtake the operation of the eastern divi- “For yeah, I had K ,_,,`,,ow complexion

I did everything so improve it but didn’t succeed till I used Ferrnzone. IL improved the condition of rny blood and in u few weeks brought u rosy llusli to my cheek. I took one Ferrozonc tablet nt uieais and gained strength and flesh. I can strongly recommend Fei-rozone to every woman

w car health cnrri lexion.

who ants ci ' y p

Ferrozone did wonders for me."

should get it right away. But beware

zone when you ask for it. Price 50::

Kingston, Ont.

____--_-_._

ed out thoroughly. _

_______._--

TIIE l"ilil'}S OF ECZEMA

disease. It is of iricstlulable va ue

becomes a household necessity. D

world over, and has no v\'or.hv rival.

sPEc|A`L'NoT|cEs.

See the line of men`s boots we are si-,l

ing for $1.00.-Gcil Bros, 5 d li

Vi

Do you want a carpet. this apringi

Mark \Vright Furnishing Us. 5 d li

line of hats in the city, worth looking s

Boston Dsrhy. 5 d ll

___i____.-_-1_-

,EA MAN WITH

ONLY ONE EYE

Can readily discern the difference in

the qnilitv of Moncton Make com- pared with imported-

-OUR GOODS ARE AHEAD : OF ALL

3 See the lil'\~.< 1 rn Tweii-i

AT 70c. PER YARD

. hat's all we as-lr .

I The Humphrey Clothing store.

'ipcra House Building..

.. -.._¢~l..~

'-3

` ` ` ` |fwsr-ld of iinanee, found themselves emtmr- ; . . . . . . . . . , .. . .. . . , . . . . . . . . . . . . . ... . . ..

.

a_.l\...

WC ll2iVC- 8 i0l 0f SCD3l’3iC D2lliS WC HIC

Bring Joy to Every Wcman’s

Heart, and Draw Admiraticn From Every Man. How to Irn-

so

ut the first signs of fallinir health every- one should take proper sicps to regain

heal h.

be of

be

stopped, and can be stopped by Ferrozone,

so

quickly that nn improvement. iii health

Fcrrozone increases the appetite und

improves digestion. 'l`his stimulates

oi

rich pure blood. Better blond uii-ans s'rn~r1fr nerves. Increased nerve force

i Strength develops, spirits rise, an aliround

A reliriildiiiiz process is started by Ferro-

zonc that results in or plump, well devel- oped fignre; the complexion lwcames clear nriri rosy, pale hollow cheeks iiii out and sunken eyes tiike on ri new lustre and

No lndy can alford to miss the benefit

this

izrand restorative. Ferrozone isa tonic, arebuilder and regulatorof unqualified

_ ff'

sulls thousands have testified. In a con- vincing letler frwm her horrie in Lans-

Ferrozone is-the best, quickest and

most permarient road to nealth. You

of

a substitute and be sure you get Ferro-

. per

hox or six boxes for $250, at all drugglnts or by mail from the Ferrozcne Company.

N0 SPLIT IN FRENCH CABINET.

Panrs, March 1-The Figaro this morn-

ing publishes an interview with M'Combes on the subject of the reports thnt the cab- inet is likcly to fall soon. The prsmlcr ridiculed the idea of any spill. inthe pres- ent majority until the program of anti- clericai legislation shall have b een carri.

So keen is the sulfcring ol' many people

who endure thc stinging, itching sensa-

tion of Eczema that they speak of the skin us bein? on fire. ly its soothing, hcniinii, ant .septic lrillucnce Dr. Ciinsds Oiniriwiitpositivcly cure:-I Eczema, Salt

lthcuil., iirid every forui ofltchlrrg 1-kin

in

every home, and when once introduced

r.

Cl\ase's Ointment isihc standard the

Y

have 5,0(X) yards to sell at Z0, 30 and .i0 per cent oil` regular prices ~salc no w on.-

Hats and caps are a specialty vr itll us.

This year we have the ncbbiest up-to-date

t.

Perhaps yoii did’nt know we sold hats. Come in and we`ll surprise you ! --Weeks BL Co., Hale and Caps, Sole Agents for

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We beg to notify packers that we have a full line Lobster sup-

plies and fishing outnts for sale at iowc~t prices, including following : 3000 cases yé flat cans. i500 " i lb flat cans.

500 " Z Hat cans. All guaranteed. 500 " ;{ flat cans. _ 500 " P4 ljlll CMS- :ooo coils Rope. all sizes from 3000 lb- 1"l§0t Tin. othto zrtli.

300° lb- Plz lesd- 2000 ii. .\i...iiia Marlins. 6000 lb- 501615- _ Lining cms 5000 yé flats, zooo lb. Lobster Twine. '~ ‘- 2000 f1a¢5_ roo lierririg Nets, " -- ,000 M f1,,¢_¢_ 2 bales Sail Cloth. ~ -- ,,,00% f\,,¢g_

Also Meets i`l»rk, Prime Mess, Hams, Shoulder.. and Tlacon.

Highest prices. paiid for A r Lobsters

C- D. LONCWORTH Gr. Co.. Cherlotletmvo-

We arc selling _for $1 O0 a palr.~ J. B. MacDONALb X -. _ _

5 , _ Q S ’ selling at very lf' mites. You should sec tli-2-,_f`_li'iricl

‘ 1 l

a

.-