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EK DAILY EXAMINER.

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ARS A YEAR.

* This

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mortgages testing upon farms in five of its

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—————— = ee — Adberty, when Free Born Men, having to advise the Public, may speak free,”—Evnriripes. SrxoLe Corpms Two Cents sur QCUPIIME i an. Nee ee eee ee aren ee paneees NEW SERTES. CHARLOTTE rn irntinceenienseciidisteiieilidincaliai — eee TOWN, P. E. ISLAND, SATURDAY, JULY 18, 1891. VOL. 28.—NO. 49 ioeenhieeniianinaeeibammemeaed oa aa — c ST EN Ra ee iliac iia i DOMINI y PA took to construct the finest system of canala | unusual and exceptional. In one of the first é ALI MENT. the world has ever seen, that we were going | @gricultural counties we noted forty-six

. . ie oe a - we - . _ >

COMPRISING:

ts’ Black All-Wool Worsteds, | ‘ Black and Blue Black Coats and Vasts,

|

poputast = | "Black Russell Cord Coats, |

Fine Scotch Tweed Trousers, .

ing Siore. ‘1 : : (jothing Sit Black Business Suits,

CLOTHING!

Popular Prices | Youths’ Blk Worsted Suits, all sizes

Ready‘ Clothing |

—

ii

Tweed Suits, all sizes, two and three piece Suits, “Serge Suits, from $1.95,

ti

zs o hie ‘ i Se a oe 23% | = nig ™ and| “Fancy Tweed Suits, from $1.50 up, sSom so. CO CY a : ay this; “ Black Worsted Suits, 7E0%E : - od ek ‘i Oat oan a7 — aoe | suits, every description, cheap. SO wo E See > —ne nants eens a zo7" CU The above Goods are the tinest ever imported to P E I a. is = hn aa consist of the latest N velties for Mid i , - HE. Island. hey SE & = Co of | tude at: been: tee : oc Midsummer wear, and are of such magni. ae = @ tte wt | — amo ya ine v3 could realize the importance and bulk of said consign- ! ee & -"= = en oe pont “ — y. bend recapitulate figures. Call and see for yourself. Ask | =o< = Soe = ee SCOTCH SERGE COATS and VESTS, suitable for Business = =

> 9 en, Clerks, ete., ete. - eS

=» > <x i . Sak #

id Plain Black, Brown and Fancy Tweed W

JAMES PATON

aterproof Coats, cheap.

x CO.

9

—_

Charlottetown, June 6, 1891—eod wy ; selina ce MARKET SQUARE. f ¥ - a” "a - v7 ono eee — —— —— —— = CALENDAR FOR JULY, 1891, a MOON'S CHANGES, i New Moon, Sth day, 'Ih., 46.4m. p. m., N., First Quarte 4th lay, lh., 16.4m,am, NW, low horizon : Pull Moon, 2ist day, 9h, 41.6m., a. m., N below horizon. : (x) 8 oa i Third Quarter, 28 day » Ob. ,2 1.2m,a.m., SE. . = ~ ae sie =e seh [ H EAP (0) () D S N () (0 () D B ise sets rises wat ry lenh | mih m{mora| after) h m }Weduesiay 4187 49 0 57,8 9 15 39 , é Thursday is $4) ] 22 v ‘) 31 semmnapipeasne Tt J aD 9 Friday 19} 49) 1551 947! 30 ee : 4 saturiay i 43) 2 31/10 30 29 5 | Sanday 20; 48/3 18/11 10! 9g} i Monday 21; 48) 4 16)11 49 “FRANCIS DRAKE Ss: i Tueslay 22; 458) 5 19'morn 26 SWelaes lay | 22) 47/625) 024 95) : Phars lay 23, 47/7 32; 059, 24 —_CEHLBNBRATEHE O— 0 Friday 24! 46 837) 134) 95 "aC ; : j - orl 5) ashe sii ace 7 Belfast Ginger Ale, Champagne Cider, Orange Piosphate, WiSanday 2 1030 250, 19] Cream Soda, Crab Apple Champagne Cider. Lemon- IS Monday 26) aaj 48): 3 30 17| ade, Sarsaparilla, Plain Soda, Nerve Food, Wednesday | 28) 43/1 56/5 44) 15] and all kinds of Fruit Syrups, 10 Thurs lay <3j 42; 3 6) 6 52 13 17\Priday 30; 41/417) 8 OF Ini . ts Saturday a! 4ii 5 274.8 551 9] ARETHE DALY G | WINE SUMMER DRINKS ae 32; 40) 6 36) 9 46 7. . | Monday 33} 39! 7 29\10 35! ‘ oe i l 21\Taee icy oi gala. oaltt oat 4 Pienie and Tea Party managers should write for prices a v 3; 4 “ 5 i “3. > ‘ a 2 Wedlaeslay 45 3779 Laff # 2 /andterms, Families and the Trade supplied at shortest notice. “hursday 36; 34, 9 32/043] 0} T 4 riday 37 a © Sai 3 26) 14 58 | HORNE BROS ae? os) 634110 19; 2 YD 55 4 he = i) 331039 258] 59} Agents for P. E. Island. we 41) 3202 2/4 8 2 : , ; wimdey, | @) 311 25) 5 as} 4atS. M. GRAVES, Agent, Summerside; W. JENKINS, Geo'town. iy cdnesd ay 2911 541 6 87/46 | 3) “es 44 28 morn 7 5G 4 July £3—1m eod ene : 4 45;7 271 0 30' & 4514 42 PO ag 2

|

| ‘

TiEw

ING, CLEA ao HEALING ‘4 7 . >» astant = Reiijef, Permanent BX

n | rd | . Cur €, Failure Smpossib/e, Many So-callad @

Soortx

creneral

Simp! y $

ef smal os r

and spitting, cen F REPRESEN

at dk siti é ere |

ou edt \ . a,

Kindred sytipierty” | Gritish

one and Sy Assurance Company of London, ASAE _ Company of Manchester,

MING, Begley _ Be Rativnal Insurance Co. 0 aully ‘ j {

BY Comet” rr, ' _

doid Pb rior . Soil

pert yo inant sent ‘Capital Represented,

wy Car l, On 2

Fur apace bya All Classes of Insurable Property

oe ooo iment of Claims. Accounts Audited at

LE Ba

July 11, 1891.

Aus

—_—_—————

John Me

| E HAVE A

GOODS. | Special attention is /'WORSTED SUITS.

we have ever before offered

ipi=c HS

W Oup 5jo# COUG OOP ING LSE OLDS. 340 YEARS IN USE. ~4 PRICE 25°*PER BOTTLE & ARMSTRONY & CO. PROPRIETORS St. John., N. B.

|

| We guarantee first-class fits.

Chariottetowa, June 3, 1891.

——{x)———

URQUHART & BROW,

Insurance Agents and Accountants,

TING THE FOLLOWING FIRE INSURANCE COMPANIES :?

nate < , of Amarice Amsnrante sadon, England ; Lancashire Insurance

insured at Lowest Rates. Shortest Notice and Reasonable Charges.

OFFICE -Brown’s Block, queen Square,

a ee ‘Best Value in Summer Overcoatings !

Best Value in Scotch Tweed Suitings ! Best Value in Trowserings ! MAGNIFICENT STOCK OF THESE

Prices away down | directed to our $15.00 and $18.00

This is

TWEED SUITS from $12.00 up. McLEUVOD & CO.,

Toronto; Commerctal Union

: B.: Seottish Union and " f Edinburgh, scotiand.

- $62,000,000.

Prompt Settle-

Charlottetown.

to suit the times.

fully 20 per cent. lower than the same quality of goods. — We defy competition.

in that way to bring dollars into the public treasury, and no one knows that better than the hon. gentleman. The hon. gen- tleman went once to the money markets of the old world, unfortunately for this coun- try, and he issued a prospectus in which he said :—‘ The whole of the debt has been incurred for legitimate objects of public utility. The indirect advantage from these

DEBATE ON THE BUDGET. DR. MONTAGUE’S ABLE SPEECH,

principal tarming towns, The assessed value of the farms was 75 per cent. of their full value, and the encumbrance aggregated nearly their assessments for purposes of taxation,”

_ Governor Hill, of the State of New York, in his inaugural addreas, had said :

“It seems to be conceded that farming lands during recent years have largely decreased ia

public works has already been found in the remarkable rapidity with which the com- merce and the material prosperity of the Dominion have been developed; while a substantial increase in the direct returns may fai:ly be expected from the improve- ments nuw in progress, and to follow the steady progress of population and trade.”

He did not wish to say that Sir Richard was inconsistent, but he preferred to take him when his mind was at ease and his spirit happy, and to accept his judgment in that happier mood, rather than his wild declamations after long continued disap- pointment in politics. Sir Richard was perfectly right when he had said that Canada would secure indirect returns. ** Does he know,” said the Doctor. ** that by the construction of the C. P. R. from the town of Pembroke to the sea, 300 towns have sprung up, and that the assessment of these towns, far below their actual value, is to-day no less than $125,000,000? Does he know that weare to-day getting our freight carried for a little more than one- third of what it was some years ago?

(Special Correspondence of The Examiner, ]

Dr. Montague undertook t» haidle Sir Richard Cartwright and Mr. Paterson of Brant, and he did it ably. The grits, the doctor said, posed as the advocates of a free breaktast table, but when they were in power they taxed both tea and ec: ffee (which are now absolutely free) and sugar and molasses two or three times as much as they pay at present. If the grit tariff of 1878, on tea, coffee and sugar, were iu force to-day, the people would be paying more taxation by $4,000,000. The ductor quoted against the opposition the testimony of two of their principal support- ers in Parliament in 1876—Jones of Halifax and Workman of Montreal—as to the value of the sugar refining industry and the neces- sity of protecting it, and the statement of Mr. Workman that at that time from 16,- 000 to 30,000 people were directly or in- directly engaged in the work of sugar refining in Canada. Yet in the face of this testimony of two prominent grits, and in spite of the immense growthof the industry

since 1876, the opposition affected to treat a ag a eae a rape it with contempt as something of no conse- es eee 7 mere’ we have six jtimes as much mileage, we

quence, which gave employment to only 800 persons. In contrast with the unity displayed by Sir Richard Cartwright and Mr. Paterson in attacking the fiscal policy of the present administration, Dr, Mon- tague presented the picture as it appears on the pages of Hansard of 1876, where Mr. Paterson, who is a large mavufacturer, is strongly recommending Sir Richard (then Finance Minister) to increase the tariff for the protection of our industries. Said Mr. Paterson in 1876 :

have carried five times as much freight we have five times as many passengers as the railways in 1867, and the income of those roads is four times as much’ To quote Sir Richard in 1875, ‘We have chosen to take upon ourselves a truly imperial task, a greater task than that which was ever undertaken by any nation of our age and our resources, that of colonizing and de- veloping an enormous extent of territory, not so much for our own benefit, but for the benefit of the generations yet to come.’

value, end that the occupation of farming is gradually becoming less profitable than for- merly; that the prices for farm products have been greatly and ruinously reduced; that wider and better markets, although much needed, are not forthcoming; that taxes are numerous and oppressive as well as unequally distributed, and that a general depression seems to pervade nearly every agricultural in- terest.”

As for Connecticut, Sir Richard himself had made this statement :

“That the average annual reward of the farm proprietor of that State for his expendi- ture of muscle and brain was $181.31, while the annual wages of che ordinary hired man is $386.35.”

And in regard to New Jersey, it is stated in the official report; ‘‘ No one will lend money upon the farms of New Jersey, so poor have they become,” In Illinois there are farm mortgages to the amount of $416,- 000,000, on which there is overdue interest to the amvunt of $14,242,754. Mr. Dry- den, the Ontario Minister of Agriculture, had stated that in 28 counties of Ontario, the chattel mortgages smounted to $2,046,- 345. Upon the same Sasis we would have for 45 counties $3,288,773 Twelve mills on the dollar would give a rate for Ontario of $1.50 per head as the amount of chactel mortgage.

[T0 BE CONTINUED] !

MUCH BETTER

Thank You!

THIS IS THE UNIVERSAL TESTY-

We have built those harbors, we have dredged our rivers, we have constructed | our public works, we have built the Inter-' colonial and the C. P. R., and after all this has been done we ‘ind that we are leavinz a burden of only 6 cents more per head ; of public debt than we did in 1879. Th: Opposition had said that the C. P. R.| would not pay for grease for the wheels, | but Bradstreets shows that that road be- And what did Sir Richard Cartwright} tween May, 1899, and May, 1891, had in- | tell the farmers of Ontario that he said to! creased its income to $285,000, and in that the manufacturers when they came asking increase stands $161,000 more than any | him for protection, ‘‘ I told themto go to trunk line upon the contininent of America the father of lies.” Mr. Paterson, said the | to-day.” Doctor, can draw his own inference. What} Sir Richard had charged that agricul- dves he want the Government to do—to|tural ruin prevailed through Ontario, The take off the duties and allow the Americans | Doctor admitted that im Canada, as in to slaughter in our markets again? Mr.jother portions of the empire and of the Paterson has said the Government should | civilized world, a depression hung over the sugyest a scheme for the amelioration of|science and art of agriculture. He then the farmer’s condition, but Sir Richard had | referred to the state of affsirs in Belgium done that in 1878, when, confronted withjand Germany; to France, where three mil- | tumbling interests and bankrupt manu-|lion of the eight million land owners have | facturers and impoverished farmers on every | actually become subjects of public and pri- | side, be had told the farmers from his place | vate charity; to Italy, where no Jess than, in the House: ** You must be more frugal; | 150,000 of its agricultural laborers are an- you must work harder and eat less.” Was

nually leaving to seek homes elsewhere. Sir Richard’s prescription for the farmers|Then coming to the United States he en- the same now /

quired as to the standing of the agricul- | The Doctor then sailed in for Cartwright tural population there. Canadian farmers’ and, to use a vular expression, which used

had been asked to form a business partner- : ip wi i he border nin the Island Legisla- | Ship with their brethren across th er, em uaa he skinned him . He | nd as business men their very first action | ~~? . . ae rallied him upon the different class of |8hould be to — — - gaia budget speeches which Conservative the other party te w Th t a, eam pre Finance Ministers were in the habit of |t0 form a partnership. So ORS C68 ar: | delivering, from that which he used to

ed, and he challenged contradiction, that | make annually to Parliament. When the

present Finance Minister could announce a surplus and 4 reduction of taxation of $3,- 500,000, Sir Richard must have recalled his statement to the House of deficit after deficit and of ton increased upon ton. Nor had Sir Richard ever been able to tell the House anything about the prosperity of the country. In 1875 he came to the House and prophesied that there was likely to be an era of hard times, that a storm would probably arise on the political horizon. In 1876 he said that we were undoubtedly in the storm. In 1877 he said that we were drawing moderately close to clear water, aud in 1878 he said that the storm was nearly over, but that the country was still suffering from the ground swell. Instead of the ground swell, in that year he had felt what was very much like a cyclone from which he and his friends had not yet re- covered. The hon. gentleman was not only not able to congratulate the House on the prosperity of the country, but he made predictions which were not fulfilled, while the present Minister of Finance was able to come here and show that every pro- diction that he had made was fulfilled, and that every prophecy had been proved by the results. Let the hon. gentleman go back and trace the results of what he will find recorded in the walls of his memory, and see how he panned out as a prophet. In 1876 he said we would have a reasonable surplus, but it resulted in a deficit of $1,- .788. In 1877 he said the reason for the deticit was abnormal and that it would not occur again, but the next year he came down with his usual smiling face and showed the usual result of a deficit of $1,- 460,027. In 1877 he said it was very likely that we should have a surplus in the next year, but in 1878 he had to report 4 deficit of $1,128,147. Once more he ven- tured to prophesy for the next year, but he was not here and his success»r wa3 com- pelled to come down with a deficit of $1,- 937,999. Sir Richard had attacked the public works of the Dominion, and used the argument that they did not pay. Said the Doctor :—

“Tf in any township counc:! a councillor used the argument against the construction of a macadamized road that it would not pay, he would be laughed out of the coun- ciland out of the county. We did not expect, when we commenced to build our harbors and our lighthouses to provide for

“The Finance Minister should ascertain, if possible, what articles are being slaughtered in our markets, what industries are being crashed out in our midst, what enterprises could be successfully fostered in this country, and then should framea tariff that would be defensive in its nature. He being a champion of our interests should use, not offensively but defensively, that weapon which has been placed io his hands in order to prevent the life-blood of this country being drawn from it.”

mers more prosperous than in Ontario to- day. He then proceeded to read extracts from reports and statistics as to the state of | agriculture in the United States. Mr. ; G. A. Gilbert, Secretary of Agriculture for | the State of Maine, iu his report for 1890. says; “There is undoubted/y much dis-) couragement amongst our farmers, depre- ciation in farm values has gone on very ra- | pidly for some time and has now reached a stage which is truly alarming, reaching in | many cases 55, 35 and even OU per cent., and the end is not yet. So much is this depreciation the case that farms have scarcely a selling value, and if by any ua- controllable circumstances any considerable number of farms were to be placed upon the markets, it is doubtful whether pur- | chasers could be found.”

In New Hampshire the same condition of things existed, and in Vermont, where the report says **Our lands are nut worn eut but abandoned, because there is no} good market for the products of this State.” The Bureau of Agriculture for the State of New York, in 1888, reported :—

‘On the whole, New York farmers are more in debt than they were ten years ago. There are a large number of farms which were purchased a few years ago and mort- gaged, which now would not sell for more than the face of the mortgages, owing to the depreciation of the farming lancs, which, on an average, is fully 33 per cent. in ten years. Probably one-third of the farms in the State would not sell for more than the cost of the buildings and other improvements owing to the shrinkage.”

The State Assessors, Messrs. Wood, Ellis and Williams, in 1890, say :

“We find a genera! depreciation in the value of farm lands, We have visited four- teen counties and in all saw the same condi

tion of affairs, Farming property is growing less and less valuable. No one wants to buy lands. The reasons for this are many. la the first place, the farmer here cannot com- pete with the western farmer. There is for this cause very little grain now raised within our borders. Potatoes bring n0 price. Butter is selling in the diary districts at 14 cents and other producte are equally low. In a few years you will see most of our present owners tenants. Everywhere we are confronted with the statement that farm landa are depreciat- ing, that sales are infrequent and the industry continually growing less profitable. In many

instances mortgage liens upon farms represent their full value, and unencumbered farms are

nowhere on the face of the earth are far- | ‘

MONY of those who have suffered from CHRONIC BRONCHITIS, COUGHS,

COLDS, OR ANY YORM OF Wasr. \ ING DISEASES, after they have tried !

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For Freight, etc., apply to

W. W. CLARKE, Agent.

Charlottetown, June 20, 1891—dy

ing at Canso,

che safety of our people, when we under-

Merchant Tailors, Upper Queen St.