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Toate ck ee BE

Cele Lie rere Fos FeO eS

ree RWS eh TK UEC ox =

: Five D ARs A \Y BAR, TeR™*

eT , .Y NEW SERIES

fue DAILY [EXAMINER 1s IssUb! ERY EVENING,

Ry ras Bxawis UNG COMPANY,

F RNER OF WATE FROM THEIR UF N k ATER anp GREAT ‘>! sTREBTS, P. E. Island.

Charlottetowe, Rares or SUBSCRIPTION $2 50 l 25 0 BO st moderate rates,

Six Months,

Three Months,

One Month,

eg Advertising at m Contracts may be made for monthly, garterly, half yearl) or yearly advertise-

'

ments, on application.

“SULLIVAN & MAGNRILL,

ATTORNEYS - AT-LAW,

Solicitors in Chancery, NOTARIES PUBLIC, &c. OFFICES~ 0'H illoran’s Building, Great George Street, Charlottetown. Zz Money to Loan

w. W. Scuuvay, Q.C. Canstes B. Macnzuy,

a TR WARBURTON, PHYSICIAN AND SURGEON,

(EDINBURGH. )

Office in Old City Hotel, corner of Grea: George and Dorchester Streets, opposite the Catholic « bape). Entrance on Great George Street—night bell.

Ch’town, Nov. 14, *2 —3m

CARD.

DR. McLEAN,

SOURIS EAST. Ofice—" Royal Oak Hotel,”

Dee. 11, 1882.—-!m 3aw wly 3m

McLEOD & MORSON Barristers & Atwurneys-at-Law,

SOLICITORS, NOTARIES PUBLIC, ETC,

OFFICES :

Reform Club Committee Rooms, Opposite Post Office, Charlottetown, FP. E. Island,

Merchants’ Bank of Halifax Building, Sum-

merside, P. E. Island.

MONEY TO LOAN, on moderate interest.

Nam MeLron. Nov. 24, '82 —pres her

JOHN MAGEACHERN,

(Late of Italian Warehouse) AGENT FOR

good security, at

W. A. 0. Morson.

Royal Fire Insurance Company, of Lngland,

London & Lancashire Fire Insurance Company, of kasiand,

City of London Fire Insurance Co., of England,

HAS REMOVED His Office to bis New Building,

Gor, Queen and King Sts,—Up Stairs,

Ch’town, Dec. 7,

#2.

Bank of Nova Scotia.

ESTABLISHED 1832,

Paid up Capital . . Reserve Fund .

$1,000,000 4 325,000

An Agency of this Bank will be opened on

Monday next, I9th inust., in the building

ly oceupied by the Bank of Prince Edward

‘ » Under the mavayement of the under-

®gned, !

Deposits will be received on interest, and 98 current account.

Drafts granted on the varieus Agencies and eerrespondents of the Bank.

Sterliag and other Exchange bought and and yeucral banking business transacted.

b. ©. CHALMERS, Ch’town, June 17, 1882 tf Agent.

TUSURANGE OFFICE

Queen Insurance Company,

OF ENGLAND. CAPITAL, TEN MILLION DOLLARS.

Lancashire Insurance Company

CAPITAL, FIFTEEN MILLION DOLLARS

Insurance effected on all kinds of property Carrent rates. Losses rettled promptly

aad equitably. DESBRISAY & ANGUS, General Agents, Office—South “ide Gueen Square,

, town, Sy pt tA, 1RR9?

“ This is true Liberty,

aS

FURNITURE, — FURNITURE. AT COST.

‘0:

Opposite Post Office, Charlottetown.

/

—_

EDSTEA DS, Chairs, Tables. W 5 . Tv S, Washstands, Sofas. Lounges Parlor, and Drawing Room f Bedroom Suits, Looking Glasses and Mirrors, Window Furniture, Picture Frames and

Pictnre Mouldings, JOHN NEWSON,

Charlottetown, Jan. 2, 1°83.—ly

L. H. PROWSE

Will, for the next Two Weeks, give

SPECIAL BARGAINS.

po {| pom

Men’s Overcoats, Reefers & Ulsters, MEN'S FUR CAPS, Tweeds, Winceys, Wool Squares, Scarfs, Sacques, &c

Wess Everyone should

call and see those Goods; as. Great Bargains will be given. :

L. E. PROWSE,

Ch'town, Dec. 19, 1882. 74 Queen Street.

ee ee S =

CHEAPEST, SAFEST. SIMPLEST

LIFER INSURANCE

IN THE WORLD. r

——e ()

The Dominion Safety Fund Life Association OF ST. JOHN, N. B.

oO $50,000 Deposit with the Dominion Government. under Government License. Oo--—

An Assessment Company with a Safety Fund. at its actual cost.

Working

Life Insurance

O—_—— Yc Good Canvassers Wanted.

LEONARD MORRIS,

General Agent for P. E. Island.

Summerside, Oct, 28, 1882.—lLy

~“O LET,

The Business Premises Known as

“83 Gueen Street,”

Lately in the Occupation of R. W. Tremaine,

The Stock on hand is now selling at COST and GHARGES, will be cleared off at AUCTION about the middle of January,

of which due notice will be given.

JAS. DESBRISAY.

Charlettetown, Dec. 29, 1882.—ti

—_— a ee Rae SE _ een a

THE EXAMINER 0B PRINTING OFFICE

HAS LATELY BEEN REPLENISHED WITH

A Large Supply of Printing Types and Material

OF THE LATEST INVENTION AND BEST DESCRIPTION,

AND WE ARE NOW PREPARED,

Under the Careful and Skilfnl Supervision of Mr. J. W. Mitchell,

TO PRINT LETTER HEADS, RECEIPTS, POSTERS, DODGERS, &c., Ke.,

BILL HEADS, BLANK CHEQUES, NOTES OF HAND. HAND BILLS,

OB PRINTING of every description

fois, EXsuiiS%S “basiNe Oy Short Notice; in-Good'Style, at Cheap Prices. ‘sss.

cor, Water and Great George Streets

when Free-born Men having to advise the Public

P >. Eee.

Church Directory, Charlottetown

FitzGerald, Rector.

Sy ttare—hd

m.,and 7p m. Daily Services Frifay cvenings, (7;e@ 20 me Rev. W. B. King, Assistant Curate.

St. Densran’s . CarnkepRA., -- Low every at § a.m. 16.8. m ; Vespers at 3 p. m. 7.30 a. m. throughout the week. A. McGillivray, Pastor.

First Merruopis:

at 7.30 p. m. Rev,

: sunday

Rev.

a. Mm, avd 6°30 p. m.

p ua

a. m’, and 6.30 p. m.

p. mm

evening. Rev. Willicm Tippett, Pastor. Sr. James’ Cucrcn—(Presby terian)—Pownal

Street.—Service and Sermon every Sun-

day at ll a.m. and 6.30 p.m. Sabbath *choél and Bible classes at 2.30 p. m. Weekly Service in the Lecture Hall on Wedaeeday evenings, at 7.45 p.m. *Rev. Kengeth McLennan, Pastor. Zion (wpRoH—( Presbyterian ) — Richmond Stredt,—Nervicg and Sermon every Sun- day at ll a. m. and 6.30 p. m. Sanda Schoel at 2.30p.m. Rev. John McL. MeLeod, Pastor. PRESBYTERIAN Cuurcu — Prince Street.— Honra of Service, 11 o’clock, a. m., 6.30 p. m,., Suuday School at 2.30 p. m. Baptisy .CuvKcn—cor. Prince and Fitzrey trelheseric and Sermon every Sup- day at lla. m., and 6,30 o’clock p. m; Sunday School at 2.30 p. m. Veek day services—Monday at 8 p.m.; and Fri- day at & p. m. ‘Rev. E.. Whitman, Pastor. BisLe CwristiAXs—Prince Street—Service and Sermon every Sunday morning at

10.30 a. m and 6.30 p. m. Sunday School at'2 p. m, Rev. John Harris, Pastor.

PRAYER Mesrine in Y. N.C. A. every Sun- day afternoon at 4 o'clock.

Discretes or Citkist meet in New Church House, every Sunday at 10.30 a. m. and 6.30 p.m. Elders presiding.

Dining and Coffee Rooms,

North.Side of Queen Square,

OPPOSITE THE LAW COURTS.

Ch’town, Dec: 12, 1°82,—3m

Lea's Sash and Door Factory, SAWING & PLANING MILL,

Is now offered for sale.

FFVHE above property will be sold to suit purchasers, as it now stands, or buildjogs| and land will be sold separate from machiao- -_ss 7 J 7 7 Also, that COMFORTABLE DWELLING) HOUSH, situated on Cumberland Street, near Grafton,

For farther particulars apply to the owner on the premises,

PAUL LEA, Ch‘town, Jan, 5, 1883.

NOTICE.

EING about to make a change in my

business, it is necessary that all amounts due me pe paid on or befure the twentieth | January, 18>3, All amounts not pa:d will be sued for (hen, without further notice,

PAUL LEA. Sash and Door Factory, Ch’town, Jan, 5, 82,

—

STEEL PENS.

BY ALL DEALERS THROUGHOUT THE WORLD.

A CURE GUARANTEED.

Magnetic Medicine! = 7 ; ? 4 : Ed =—y ty 8 ’ = : > 2 . aeick 3

} - @ _ ~ a 2 mt ee wipe ge ia CS a Me TRADE MARK. We Ar lei =

For Old and Yonng, Male and Female,

Pesitively cures Nervousness in ALL its stages, Weak Memory, Loss of Brain Power, Sexual Pros- tration, Night Sweats Supermatorrhea, Leucorrhea, Barrenness, Seminal Weakness, and General Loss of Power. It repairs Nervous Waste, Rejuven- ates the Jaded Intellect, Strengthens the Enjfeebled Brain and Restores Surprising Tone and Vigor to the Exhausted Generative Organs in either sex, £3 With each order for TWELVE packages, accompanied with five dollars, we will send our Written Guarantee to refund the money if the treatment does not effecta cure. It is the Cheapest nnd Best Medicine in the Market, fa Full particulars in our pamphiet, which we desire to niail free to any address, Mack’s Magnetic Yicdicive is sold by Drug gists at 50 cts. per box, or 6 boxes for $2.40, or will be mailed free of postage, on receipt of the money, by addressing MACK’S MAGNETIC MEDICINE CO., W indaer, Out, Canada Sold in Charlottetown by Apothecaries’ Hal! Co.,

mits for Princes Udward Island, amd by all Draggistss fan 18 wkly

St Pauw’s (Church of England) — Queer Square—Morniog and Kvening Service every Sunday at ll a.m. and 7p. m. Sunday school at 230 p. m., Rev. Davie

Sr. Perxr’s (Church of Enyland)—Rochford unday Services--8 a. m., ll a,{ Matins |

~9 a. im. Evensony —5 p. Mm., RELOPS To the Editor of the Examiner.

: llodgson, Priest Incumbent,

Service and Sermon every Suuday.at 10.30) | y Sunday Schoel at 2) Importance, the real question is as to the

~|dators say, creditors

» may speak free.”—Evnxirrpes.

CHARLOTTETOWN, PRINCE EDWARD ISLAND, SATURDAY, JANUARY 27, 1883

‘| CORRESPONDENCE.

|

i “" : » | OP enwNS O07 slatems nts of our corre Sp mdents

4 ° Bank of P. BE. Island.

ithe 10th inst.,

compromise” was ‘“‘suggested” by the committee’ or by the directors, but it leaves the readers to infer that it was by

Thufedays at 7.30 p. m. Rev John | the ‘‘committee,” while every one who was Burwash, A. M., Pastor. ‘ | present at the meeting knows that it was Srconp Mernopist ( nukcH—Privee Strect.—| the “suggestion” of the directors.

That is a matter, however, of secondary

Weck day service on Wednesday | sufficiency of the ‘‘suggested compromise.”

‘It is a matter of notoriety that the credi- 'tors of the Bank claim that the directors are liable to pay a very large amount into | the funds of the Bank, to replace the assets ‘squandered by their negligence and mise |management. The legal question of their | liability IT am not here going to discuss. I ‘p esume if they are liable, and the creditors mean business, there is a proper tribune] to

,| settle the question but as there has been a

| ‘suggested compromise,” I must assume for the ; resent purpose that there is a liability of some sort,and that that liability is the sub- _ject of the suggested compromise. Let us | see how the matter stands. The indebted- 'ness of the Bank at the time of suspension 'was in round numbers about $300,000. The liquidators say the assets available will pay 50 per cent. Through mismanage- ‘ment and negligence about $400,000 has | been lost to the creditors, and to compen- , Sate them for this loss, the directors make ‘the “‘suggested compromise.” Let ns see , what this offer is.

1, That in addition to the payment of their | double liability upon thew shores, the direc- , tors withdraw all claims to dividend upon | the $48,666 paid by them on their guar- _antee to the Union Bank of London so that this $48,666 be p@d absolutely to the Bank.

2. To refund $3,000 dishonestly taken for commissions.

NOW OPEN = i> 3, To provide for the repayment, by the iBank of Mon'‘real, of $17,000 paid them

NEW by the directors of the Bank of P. E. Island

after suspension.

This is the ‘‘suggested “compromise” for negligence which will injure the creditors of the Bank to the extent of about $400,- 000; and yet the author of the communica- tion thinks it reascnable. Every person has the undoubted right in this community to enjoy his own opinions in matters of this nature, and if I venture to differ widely in my opinion from the writer of the com- munication respecting this compromise, it will not I trust be a matter of very great surprise. To me it wonld appear as if the directors were but trifling with the credit- ors. The very wording of the ‘‘ suggested compromise” seems to be but adding insult to injury. I have italicised the words which to me appear to warrant this conclusion. to the payment of their double liability upun their shares’ they will do so and so. they dispute their double liability ? would scem so; or why make it a subject of compromise? They might as well have, said that in addition to their having to sup- port their families they will make certain payments to the funds of the Bank. One is about as mucha subject of compromise

| as the other, and of about equal interest to|

the creditors. If other stockholders are compelled to pay their double liability the directors are equally responsible; and, if able, must pay. It is not a subject of compromise, nor should the creduors for one moment think of it as such. What [ und rstand to be the subject of compro mise is not their ‘‘double liability” but the amount they should pay to the funds of the Bank for the damage and loss sustained by 1t through the neglect and mismanage- ment of the directors. Again: they offer to withdraw their claim to a dividend on $48,666, ‘‘so that $48,666 be paid ‘absolute ly to the Bank.” This is what I cannot designate by any other term than a deliberate atiempt to mislead and impose upon the creditors. To those who may not be informed of the facts, it would ap- pear as if the funds of the Bank were to be benefited to the ameunt of the above sum. Let me state the facts and see if that is the case. The directors guaranteed the above sum to the Union Bank of London for the Bank of P. E. Island, and were obliged to pay it and thereby became creditors of the Bank of P. E. Island to that amount, and as such are entitled to the same divi- dends as other creditors. The $48,666 is not ‘paid absolutely to the Bank,” and the dircctors know it. If, as the liqui- will receive about fifty per cent,, the directors will receive on the above claim $24,333; and on this, then, of the ‘‘ suggested compromise’ the funds of the Bank by the relinquishment of the dividend will be benefited to that amourft and no more. As well might a creditor of the Bank who had $10,000 en deposit, and who] only receives $5,000 in dividends, say that the remaining $5,000 were paid ‘absolutely to the Bank.” So they were ; but would any creditor of the Bank be any better off on that account? The same argument will apply to the third item of the *‘ suggested compromise.” If the Bank of Montreal refund $17,000 they will be creditors to that amount and receive $8,500 in dividends. In plain Englieh, after casting aside all deceptive appearances,the ‘‘suggest- ed compromise ” will benefit the funds of the Bank to about $35,833 by the relinquish- ment of dividends amounting to $24,333, and $8,500, anda return of $3,000 received for commissions. In that amount, and no more,'will che funds of the Bank be benefit- ed; and [ challenge the directors to contra- dict :t. The directors after the suspension

eT We da not hold ourselves re sponsible jor the

Srr,—In the issue of the Examiner of I observe a communication Mass} under the head of ‘‘Bank Meeting,” High Mass at; whichit would appear that a ‘‘suggested Mass at|/ compromise was submitted by the commit- tee appointed at the previous meeting.’’ |It does not distinctly appear whether the ( HURCH—Prince Street— |} «s Service ad sermon every Sunday at 10.30) «« Suuday School at 2} Week Day Services—Tnesday and |

from

Here they are ‘in addition!

Do! ‘Tt!

of the Bank paid the Bank of Mon- treal, in addition to the §17/000, above

Sinete Corres Two Cxnts.

VOL. 12,---NO, 57.

referred to, the sum of $25,000 to relieve themselves from a guarantee given by them to the Bank of Montreal for that amount. That act, as regards the other creditors, was ' as dishonest as the receipt of the ‘com- mission offered to be refunded: | They have as much right to have those $25,000 re- funded as the $17,000. It is a matter of very little importance to the creditors how much the directors may have to pay on Bank Shares from which they have been drawing dividends for a quarter of a cen- tury. What interests them much more is how much benefit ure they to receive from what the directors pay. In March 1881, the directors issued what is now admitted and can be proved to be a false aud delusive statement of the affairs of the Bank. _ The odium of that has been thrown by them on the Cashier. One would suppose that, with that statement, deception would have ended ; but when even a ‘suggested com- promise” cannot be made by the directors without an attempt to make it appear what it really is not, it is difficult to believe that the cashier was alone responsible for the falsity of the annual statement of 1881, which the directors had signed. The writer of the ‘‘Com.” says creditors representing the sum of $249,636 voted for the accept- ance of the compromise, while eight, repre- senting only $23,050.23, I presume, voted against it, although the ‘‘Com.” does not say eo. Ifthe writer of the “Com.” had been candid enough to state the number of the creditors representing the sum of $249,636, who voted for the compromise and the proportion of that sum secured or par- tially s: cured to them from other parties and that some of the creditors who voted for the compromise did so upon the under- standing that they were not to be bound by their vote ; the remaining creditors and the public generally wonld have a better idea of how much value to place upon the“‘opinion” of one to whom the eaiee com- promise” appears reasonable. “If this matter can be settled amicably it is very much to be desired; but to do so the utmost good faith must be observed on both sides, ‘Bat such an attempt as has been made to mislead creditors is not calculated to com- mend itself to the favorable consideration of creditors who have the Bank alone to look to for their dividends. It may be such an offer as will commend itself. to the consideration and approval of certain creditors who exhibit far greater concern for the interests of the directors than’ for the welfare of the depositors; and it is not unlikely that the ardor displayed by them .is for value received or promised, I. trust I have not made this letter unnecessarily lengthy; but I wish to make .nyself clear, and | trust you will consider the. subject of sufficient importance to be an excuse for a violation of your rule against pro- ; lixity. Yours, etc., ONE OF THE Erourt.

> <> | An Anecdote of ths Archbishop.

Mencton Times.

An anecdote which a writer in the Free- man gives of the new Archbishop of Hali- fax, when he was the parish priest of In-

dian River, is a fitting text for a sermon or

address to men and women, Says this writer: ‘ ‘Change the name of this place,’ said I one day to him. ‘Indian River ! No,’ he replied, ‘but 1’ try to give it a nawe.’” What better subject does any preacher or philosopher need tor a discourse, There is a world of thought in it. It re- veals the great man as no one of his elabo- rate publications reveals him. It shows how truly he realized that no euphony or nobuity in the name of the place could lend any importance or dignity to him, but that anything great or noble which he might do would idealize and ele- vate the aboriginal and common name of his village. ‘‘l will try to give it aname.” ihus spoke one of nature’s noblemen. How it contrasts with the small mindedness of those who are ashamed of having been born in small places and being engaged in working with their hands! The great soul seeks to stamp its surrouncings with the zeal of its own nobility, while the mean spirit endesvors to gain dignity by arraying itself in the trappings of greatness. Young man. whatsoever your station in life, try to ennoble it by the nobility of your own character, and not by changing its name. Try to make the name of your birthplace honorable by association with your own, instead of fancying yon can improve your own status by hailing from a more import- ant place. The homely things become beautiful, and the beautiful homely, from the the force of association. There was once, 10 doubt, come small-minded youth who suggested to the founders of the Oxford University to change its name, ad there could have been nothing more common- place than a cattle ford, and those great men, no doubt, made the same reply as Dr. O’ Brien—‘' We will give it a name.” —_-

The last few months have been terribly fruitful in all kinds of calamities. Among the communities which have come in for a more than proportionate share of suffering, if we judge by population, has been the island of Guernsey. The disaster which brought sorrow in many households, (some of which have that alleviation which comes from abundance of the good things of life) was the loss (total, save one person) of the crews of four vessele of the little fleet which carries granite from the Island to the English shore. Fifteon wives have thus been made widows, forty children fatherless, and three mothers deprived of sons who were their sole support, As in Gaspe and other parts of Canada there are settlements of families from the Channel islands this misfortune may toucir a part of our population as none of the more sweep- ing catastrophes recently recorded have done.

Horsford’s Acid Phosphate AS A NEKVE FOOD.

Dr. J. W. Ssorn, W ; is Ou, BAYS i “I have used it, advau ‘te ‘mayaired nervous supply.”

5 GS gon a. eS o-

eer a ae ee ae oa ST ANP oo

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Senet a

a cnet : 4 f pani ies = ane Naore

Pecan orpoeee” . a *