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u;

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4

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INVESTMENT BANKERS /

CIIARLOTTETOWN, ]>_ E_ 1_

ST. JOHN MONTREAL

HALIFAX

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FINANCE FOUND

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COMPANIES FORMED. Shares ' placed; nny u ' I- .“ r s‘ or 2 AI entertained. Blocks of Shares or Debentures Sold or Placed. We have reliable British and Continental facilities. New Capital for | Buflness undertakings. Industrial or Public Utility Companies wishing io'nilso additional funds for developments and extensions by means of Debenture Issues, Underwriting;

¢44+o0+0+¢0+oo+4+o4+¢44~

The Public Forum

This column is open for the discussion by eon-upswing, o! questions of Interest. The

A SERIOUS ALTERNATIVE_ BANKRUPTCY 0B. MADNESS

Gslfr-“Electorfi writing 1n The uardian of the 4th inst, gives some interesting figures in regard to the fillanc1fl1 Position oi the Province at the end’ of the year 1927. He states that the Saunders Govern- ment is responsible for a deficit oi $224,777.45 from the 12th of August to the 31st of December last, and his figures are worthy of careful consideration. If there is anything wrong about them they should be corrected by the Provincial Auditor or by some responsible member of the Government over his own sig- nature.

To my mind the figures submit- ted by "Elector" are somewhat dif- ficult for the ordinary person to un- derstand. I will therefore submit another set oi figures which are fewer. perhaps clearer, and which by no process of reasoning, known to me, can be considered unfair to the Saunders Government. According to the audltors,Messrs.

Central Guardian a

DANCE ADVEBTIBED I01‘ Thurs- day night in Town Hall, George- town will be held tonight.

RANKING DRUG STORE will be the only drug store open this alter- noon and evening.

RESERVE Wednesday, August 15th for the big Picnic and Cele- bration at Tignish.

6901-7-18-wfmi1i

LISTEN GOOD PEOPLE-Dent forget the picnic at 5t. Eugeneb Church. Covehead. today. Beautiful drive from the city.

IIAZELBROOK CIRCUTIZ- Haz- elbrook 11 a. m. Cross Road 3 p. m. Alexandra, 7 p. m. Pastor Lindsay will speak “I want my life t0 tell for Jesus." "Ye are lny witnesses."

TRYON BAPTIST PASTORATE. —Scrvices of worship on Sunday, Aug. 12th will be held as follows: Westmoreland at i1 a. m. Albany at 3 p. m., and Tryon at 7.30 p. m. Myron O. Brlnton, Minister.

BADLY SIIAKEN DIE-Monday Mr. Hugh l-Iennessey while repair- ing the roof of his residence, fell a considerable distance, receiving such a severe shaking up that; the s“- vices of a doctor were required.

MARKETS-There was a good

THE CHARLOTTETOWN GUARDIAN

Poole and south, appointed by the attendance at the market yesterday. Saunders Government, the surplus EH85 501d 81'- 3504 butter 340-; 61110!- left by the Stewart Government 9H5 750 t0 $1.00: fowl $1.00; ducks whcn it went out of office on the 81-50; blueberries 20c.; raspberries 12th oi August last was $48,759.77, 35c: peas 350.; new hay was selling and according to the Provincial at 40c to 45c.; oats 1300.; straw 55c.; Auditors report the total expendl- new potatoes $1.75 per bushel. The turc for the year was $1,040,649.18, fish department was well supplied and the total income for the year with fresh cod, haddock and mack- was $913,397.27, which leit a dc- crcl. v

flcit for the year's operations of $21,251.91, but in addition to this‘ CAVENDISII VISITORS.— Mrs. t c present Government spent the H, Brown rm ' i - $48,759.77 surplus left by the Stewart 5;, Lambermd ggg_ght:llé Ifnefijfesf Government, or in other words, went dish for thc month of August ML“ bchind $176,011.68, during the four Gertrude Robertson and Eghepgeni. and a half months they were in of- nedy o; wmdsor_ Ont" Spent the ncfnuzfieygagkle figures I have for weekend at‘ Cavendish. Miss D. Har- two reasons, tried to be absolutely 3325?: Hllvigztrgglnogrg fair to the Saunders Government; Spendmg the month of An ' t t first. because I have voted for the Green Gables Cavemn n ad Liberal party for more than forty Mrs E o Hnmstrcet znM "ti"! years. and second, because I believe Spent n‘ fen days m Cavendgnlxazt‘

nothing is ever Qlned by misrepre-

and Issuing of Capital for Approved Indus-

scntatlon or even exaggeration, but like many another Liberal, I am

week. The above people have been summcring at Cavendish the guests

trial and other Undertakings.

The facilities at the lirm‘s disposal for hand- ling Debenture Issues with the minimum of expenses enable it to purchase such issues upon terms which are vcry favourable to the borrowi undertakings.

Byrne s. Lane are the recognized Agents between antlers of Genuine Business requir- ing Partners or additional Capital and In- vestors seeking Reliable Undertakings. Large, funds available. Bankers‘ and Solicitors‘

references.

BYRNE & LANE, Established London 1897

u, Lowel- Lceson Street, Dublin, Ireland, and at London, Paris,

At Lake Louise thcrefi ll»

way-a so " L Win11"?! thrilling to o- ' m"! ' able to see. Swimming. lfllhll. "I11

iding mountain climbing. dlfldlll- ltlo other spot in the Willzlfi!‘ off! moreln scenic grandeur. in h w» summer climate-M in modern M! accommodations and servlce- And l1 l0 easily reached. Plan your itinerlfY for a long stop-over here! Puilisllonnutioil and ' scrlbtivellrersllml -

G. Bruce Burpee, District Passenger A861“. Saint John. N-B.

oi Mr. and Mrs. E. C. Webb, at their

alarmed at the rate in which the (gonlfolnablc homestead.

country is being plunged into debt at the present time. Hon. Mr. Lepage understand. ill:-

FAREWELL PARTY.—-0I‘l Wild- urcs, and can write a clear letter. 1195mm A"? m" m” ‘chub/es “mi n no finds nnyunng wrong in the friends of Mrs. E. B. Lawrence and above mentioned figures and can hcr three sons. James, Richard, and make any correction in the above Albert- m“ at m9 11°11"? 0f 1191‘ 11m- statementsthat will put the Gov- the“. E- Toombsi Fltzml’ Street. t0 cl-nmcnt in a more favorable ligllt Say 3°°d'b3'@ 0Y1 the 0V0 0f their

53m“ be obliged to mm for the my, and games, rcfrcshlncnts wcrc serv- recuon ed, and a vcry pleasant evening was During the last session if my 13191181" 1° a @1050 5110MB’ bfiforc memory serves me well. the Legislii- mldfllght by the singing oi‘ "she's ture authorized thc Government to a J011Y Good Fellow" and the spend $300,000 on the roads. At bfllmclug of Mrs. Lawrence. Mrs. thc Eldon convention, held in the Lawrence and hcr three sons who latter part of Junc. the Hon. Min- have been visiting her brother. Mr, ister_ oi Public Works stated that E. Toombs, Fitzroy Street, and her the road work was costing $500 u sister, Mrs. James Lee, Cumberland mile, and that 1200 miles had thcn Street. left on return to their home been completed. This would mean in South Boston on Friday morning all expenditure of $600,000, and rc- with the best wishes oi their many member, that cvcry dollar spent not relatives and friends for a very imp- liuthorized by the Legislature would py and prosperous year. All are hop- be illegal and contrary to the fund- ing to sec their pleasant faces n “in amental principles of the Constltu- next year. g tion.

At thc meeting of the West Prince Liberal Association llcld about the middle of last month, the Hon. Minister stated that 1600 miles of roads had been finished. which would mean an expenditure of $800,000, and at the same rate of progress 2,000 miles would be finish- ed now, which would mean an ex- pcnditure of $1,000,000. And at. a similar rate oi progress there would be. say. 3.000 miles done at tllc ellii of the season which would mean lm expenditure of $1,500,000. And Mr. McIntyre intimated llc was only bc- ginning because, lic said, twlcc as much would be done next year.

If these statements are true, or even approximately true, the Island is hopelessly bankrupt already. On the other hand. il they are not we‘ but are wild exaggerations, thclltllc Minister who made them must be stark mad, and it is surely u terrible

RECEPTION 0r IION n n BENNETT-Plans have been m.“ ‘PC9311 by the decorations committee for the reception oi Hon. R. B. Ben. nett. It is proposed to erect a tri- umphal arch, suitably trimmed with 1111111108 and flags at the main gate- WHY 0f the Exhibition Grounds. A Tcflflltion pavilion will also be crec- ted which will be appropriately dc- Oflffitcd. as well as the dancing booth and the catering Stalin, The grand stand, of course, will come 1n for its share of attention in this rc- garcl. and the exhibition flags will be flown. It is pcrtincnt hero to note that a system of loud speakers 1S being arranged so that Mr. Ben- nett can be heard distinctly in all parts of the stand, without his llav- ing to raise his voicc above ordili- ary conversational pitch.

than these statements indicate, I “mm homc- All" 11111516. 5111811112.,

7-5-ll,-8-15’

'anPacific

World's Grout»! TPIW‘ 5Y""“

I

p___..i.___-

thing to have a crazy man at the head of the Public Works Depart- ment.

The administration oi Justice un- dcr the Saunders Government has i

already about broken clown, iincihas almost become n tragedy. and the Department of Public Works 2s on a toboggan slide. Does anybody in the Province imagine that Messrs. Saunders and McIntyre know wlicrc they stand, whither they arc going.

The Best Chew

Hickey .& Nichols0n’s Black . Twist Chewing Tobacco is the Leader

I saying, about the best looking fields

oi "spuds" in thc vicinity. As every- one knows. Augustinc Cove is noted for the large amount of spuds which the farmers grow. So that is saying something, although the Cove is not. a large vicinity.

Mr. John J. Robinson. who is cm- ploycd on the Car Ferry at Borden, spent the week-end ilt his home in Augustine Cove.

PERSONALS xigr.

Mr. and Mrs. J. M. Gillis of Hal- ifax, N. 8., accompani - by their two sons Ivan and Clarence, arrived on the Island and are visiting in Orwell, guests of Mrs. Gillisb par- ents Mr. and Mrs. Gillis.

Mrs. Arthur Lyons and little daughters Leonare and Terese, who have been visiting in Emerald for the past month. left Monday mom- ing for their home in Minto, N. B. They were accompanied by Mrs. Lyons’ sister, Miss Carrie Kelly, who intends spending a few weeks in Minto.

Mr. John A. White, formerly of Panmure Island, leit yesterday morning on return to Boston where he is now employed. Mr. White has been spending his vacation with his parents Mr. and Mrs. William White of Panmure Island. Mr. John White's brothcr-in-law, Mr. Archi- bald Campbell, who has been spend- lng his vacation with his mother,

companied him to Boston. Mr.. White's parents motored to the city with the two men in order to bid them adieu.

A Fish erman’s Luck

PLAY GREATLY ENJOYEI)

A crowded Hall greeted the S’... Columba Dramatic Club Fridav evening the 3rd. inst. when they presented their second Annual play. organized less than one year ago. This club has made wonderful pm- gress.

The production offered was the four Act Comedy Drama "A Fisher- man's Luck" which has been trans- lated into many languages. The dil- iercnt members of the caste seemed to enter into lhc spirit of the play. carefully blending and shading the: pathetic and comedy parts. Mr.‘ James Campbell in the leadilll‘ male role cf Tom Manly played his, part with case and seemed to im- prove in cvcry scene. William Far- rcn played by Columba Campbell was a first ratc character well play- cd. Russell Si. John handled the role of James Hammond the villain oi’ the play in a masterly manner. Percy Beaton as “Uncle Dave" had comedy and pathos to play. He! handed out many a good laugh to; the audience, “but it was something. they had to gct used ter". Si Ked- der was a scream from beginning to cnd. Joseph McMahon a young comedian kept the audience in a high state oi merrimcnt. Miss Mary McDonald as Rose Prescott looked vcry winsonic in this part and hcr. lines were nicely delivered. Mrs. A. P. Mcl-"hcc as Mrs. Manly, Tom's mother gave a splendid interpret- ation of this difficult part, She nlade one of the hits oi the evening- Miss Laura Campbell in the part of Ruth Manly added many laurels to thosc already won. In her comedy scene's with Si and Unclc Davie she was vcry effective. Little Mae Hoi- lalid daughter of Mr. and lvlrs. Peter Holland in the role of Little Nollie “A Waii of the Ocean" WJ-S to say the least wonderful, Moe shows dramatic ability oi a vcry‘ high order. Thomas Harris appeal‘- ed as Rev. Mr. Medhursi who was to officiatc. Mr. Harris rendered his part in good style. An outstanding scene in thc third act was “A Child's Vision" depicting the death of Little Nellie. This scene was very beautiful, The Guardian Angels ao- pcaring at the bedside under a hur- monizing blaze oi colored light @1- fccis. The storm scene also W15 most realistic. Dancing specialties with costume changes consisting oi the Sailors Hornilllle “"1 swms“ dances were given between Acts. also Instrumental music by Messrs- MacDonald and Garrett. The facial make-ups, costuming and lighlf 91' iccts certainly added a pr0ffl5S10ni11 touch tn the play.

The members of St. Columba Dramatic Club and the encrgem Parish prlost Rev. R. J. MacDonald are being heartily congratulated oil their dramatic success.

The Sale oi pies took place afV-‘Y the piny was over. Good prices wcie realized. The National Anthem brought a very enjoyable entertain- ment to a close.

STANDARD lwlivluo EXCHANGE

Quotations furnished through courtesy of

LOUIS M. ATWELI. s. c0.

Charlottetown Olilcc

Mrs. Neil Campbell of Sturgeon. ac- '

for flavor and quality-

i._.._.__,_._._._.____

Mr. nncl Mrs. Nathan Bell and son Deane were visitors to Auilllfiliifll?

HICKEY & NICHOLSON" TOBACCO 00., LTD-

Msnufaeturors ch"l°“ewwn

1

‘ les in Borden Thursday evening.

. Augustine N t q M, m, nnimd Fnn...n5; s. . 0 e‘ lliealgghfiere rechnt V1218“)?! to Aus- '_"" ustins Cove. the guest of their (By Nab-l daushter. Mrs. Francis Hillard.

Miss Delilah Robinson has return- ed home again after visitinl 1n Bonshew, the guest of her aunt and uncle, Mr. and Mrs. George Shérrfll-

Mr. Wilfred Carin was a VllltOfl. l0 Orsimld Thursday evenlns.

The Messrs. Claude and FY8011 McWilliams. Eldon Dawson. Fred- Leard and Archie Robinson. We"! among the movie fans ln B01118" Thursday evening. and P0110111" enjoyed them immensely-

llr- Ilsith Cameron has recently Purchased a beautiful looking 011d- Idnls more which recently oulle

Cove and view the crop! while.

l Cove Sunday afternoon-

dri throush the Gee! Just t0 V9 “worth

lly the "si>\l¢l."Wh1°11 look marvellous. Perils?! 1* V° d

l b. we" w i-hlontion than‘ nMc; W“ 1 I- thiilgfmvelmvwn. I ' 1 ‘m '5'” 1" ‘Wiflehil

Stings and Bites

fiQeFL

riiiiilwooolllooolelunynol. “gonnlldserupulosslyhbollfrou guy llfllfllllflflfllllllllilrlllollll slate. IVQTIWIIIIIIIIQUkOI: nigh duality. " _ ' "

" W. ll. GILLI

Tl‘?

N A R13"S

cation oi Mlnllrdb. bottle.

s. c0.

The pain of insect bites disap- pears quickly with the appli-

value is one of 11w

reasons why Rosebud GYOWB more popular with smokers every day, Ii offers the biggest value in Pflfikage smoking tobaggq

10 and 15 cent packages

SAVE THE VALUABLE “POKER HANDS"

' ‘H ANK‘

Ilit‘l Nickel .. . 96.50 98.00 B s

Keeley ' ' ' ' ' " ' " 50 5014-‘ Bank Commerce 294

iéii-ktlélnd Lake 1.571, 1.50 Bunk Roy,“ l -

Lilli?“ gliirglorenw ' 22 l? 21g ‘Bank Montreal A

Laval Quebeg ~13 ~15 Bank NDVil. Scotla . . . . . . . ..

Malartic 1,23 134

Mandy . 3.25 3.35 |Scpt WHEAT

McIntyre I 22.35 2200 ‘Dec. . . . . . . . . . . . . . . . . . . . ..

McDougali 391,; 355v, l Man

Min. Corporation 3.25 3.23 ' H

Mofatt Hall 19H. 18

Murphy 31/ 30 Sept. . . . . . . . . . . . . . . . . . . . . . . ..

Newbec 2'1 g9

Nluissinc . 3.50 3.35

Noranda . . 53,25 54,35

Potter Doal . 7l._ 7%

Pioneer , , , , 491;, 53

Sheritt Gordon 6,55 65g

Stadacona . . . .- 141.; 13in

Sudbury Basin 7.50 7.65

Teck Hughes .. 9,37 9,30

Tough Oakes . . . . .. 16 20

Trcadwell Yukon 17.65 18.00

Towagnlac . . . . . . . 3.90 3,95 ' '

npond . n m Expert Analysis of Values

indfall o‘; 9 ‘

wright Hargreaves _ 3J0 n30 IssuesofBondsoileredbyusarefirstpurchascd

Stock Quotations

HALIFAX. Ms- 7. — Quotations‘ furnished by Johnston and Ward. Members Montreal Stock Exchange.

NEW YORK EXCHANGE

M. Top. & Santa Fe. Ry. 190% American Can Co. . . . . . . . _, 94

outright after investigation by experts working “on the spot" under the direction of oificers specializing in each class of Bonds. Every factor affecting the ability, or the promise, of the issuing Government or Corporation, to pay in» terest and principal when due, is carefully passed upon for the protection of our clients as well as to safeguard our own interests. In addi» tion our specialists are constantly engaged in

Am. Car 8t Fdy. Co. . 91

Am. Locomotive co, 92¢, the study of world conditions.

Am. Smltg. 8c Ring. Co, 202 _ , _

A111, Bosch Man. Co, __ 32.4 Our established practice in these matters gmgfilglzfi (EDI-{finkicionfi é. 12ft‘, affords our clients an unusual degree of pro»

Con. Gas Co. (N. Y.) . . . . .. 144 "mm"

I-lud. Motor Car Co. . . . . . . .. 821;.

International Paper Co. 71 Adiversifiedlin ofsolmd bonds lulllbepvooidedonnquesc. International Petroleum 3B".

Stan. Oil of N. J. .. , 4mg, , ,

Reading Co. . . . . . . .. 99w ’ Southern Pacific 121 t The Unoin Pacific Ry. .. 1947.

U_ s_ mm Alcohol Ca n5 i‘ 11113:? OsflicezSt. jagncs and St. Peter Streets-Montreal wnniinnnonse Ewe. _ _ H 95,, n . trcct ‘est M Blackburn Building

United States sieel . . . . . . . . .. 142v: Toalomo OTTAWA

. n“- n_ . -

S

71 Si. Peter Slircct QUEBEC

MONTREAL STOCK EXCHANGE

Abitibi . . . . . . . . . . . . . . . . . . . . .. 40 l

i i

l_lNlMEil*l

1T.

or where they will land? 7th Can the Hon. Walter Lcu give i.l.c July Inst-Aug. Mm Kan a, Ten R _ 242 public any assurance. He must silrc- CLOSE Montrenl Power y: Lynknow a little about what is going inning“ , _ , , , , , , , . ..$ 31112.48 3.3:" Nnuonnl Breweries - w Wi i 1 ' .. Under thcse circumstances. what Argonnni, 3V.- 4‘.4

shollld the electors of the Belfast Amulet, 4m 4,10 Bmzmnn Traction

District do? They cannot. as war)" Area 38 31 Steel Com of Canaan" Q 0

men and women, vote coniicigllrollli Arm, _ _ _ _ _ _ __ 26 g5 Abnnn ' ‘

the Saunders Government. lcic- A m, Copper __ 50in 49 . ' ' ' ‘ ' ' ' ' ' ' ‘ ' ' ' " ,

rm or we Liberal candidate would all‘... noon... as as §j,',‘,§‘fl{‘,‘§§,“‘;,,;,.,;; 146 Richmond St., . . Charlottetown. not mean the defeat oi the Gnycglll- Redford 40 39 Masney Harris