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lTHE‘BRAIN iN EXERCISE

E Professor: of Columbia Unl- vonlty recently Issued a mani- nu-Pnatdau-J. I. Bonnet. festo advocating n revision oi‘ the "-n' 11' 11" war-debts us distributed amour: -thu allied nations. it is nu able f and convincing argument intended for the reading of the American people, and in the cud to influence.- ‘ the Washington. Governlncntbut it -lll.llllllel.lly lll llllllled lly olll. m“, has called forth many ex,“ sslons s. _ - ‘ . chants, our schools, our churches o1 3111110111111 from 11111111111 and m1‘ . l ,..1., l, . , leign journals overseas: It would WHATEVER grievances. “All! our professions. l llllll-lm llllll lll lllll end 50mg‘ llclloll l imagination-exist in llltifliltt of l-We close the year 1926 with feei- mlllll be lallell along llle ll-lle ol thejldaritimes. no toliiplaint- goes lngs of gratitude for-the land we

scailing down the debts. if only for out-from Mince Edward iisland as live in. We still have room forthe reason that at least some oi w Chi‘: prosperity and progress. more ‘ people. more

sol“ and the debtor" nations are and will déplartmedtsl-l-aro now available daughters of the British and Zfizgklllurlgieh lllzypze rlgzllzlnjll andlnre bong published in The French pioneer stock that -hewcd as legally lllllllllll,_(l_ Charlottetown Guardian. They our country out of the fores‘! prim- mhke good reading. cval and converted it into thc_ The total lo too huge for handl- ‘it is‘ no vain boast that this, the garden it is today. In looking 1'19 115'1‘°111111‘11?111 111' 111° 111°1111'°‘-11 ‘ smallest is the wealthiest province backward over the ycsrly increas- queue’ Bu‘ ‘hat 1s 01111‘ one as‘

l . l pect of the problem. During tire per cttplta in Lunada. On its one lug successes of thc past years we l-lllll lwll years (ll llll, m“, llle

and ‘a quarter million acres of lantllcan greet the c-omint; year and United Suglgg was i, noun-iii will); Liters was ‘produced during the years with a cheer and with full and profited immensely ,\\'l‘illl3 year ending‘ today a mixed crop of confidence that the soil and cli-m- B11131"- Frauc“ ‘"111 10°11‘ 1'7‘"'°11“°" field products valued at thirty mli- ate which have never failed us 11111011 11°11’ 11511111111 111 11 1110.111111] llll) ‘ ll ll T lll ll all l ll ll ll l llo l ll death struggle. and borrowing

ln o ars. 0t s may. ea -sla con nue t er nny an llllerll lllel, clllllll lllllel lll lllll ed the value oi dairy products make for yearly increasing pros. llllll w.“ yell“, 0i ilm conflict. A111" the lust-fer, that when you walk amounting to approximately five pcrlty. crlcu became one of the principals you do not illin-k about the move- nfliiioll dun“, lllll heme in the war, and at the end emerged 3:211}; ul1leil1gelll1l1eallrlll1icll1elsllrll1lll° $31‘: malllel and export lllclldell lllel as the richest nation tile world 1" »' milk and milk products consumed

brain doe 'n't act at all in the mat CANADNS PAPER 1NDUSTRY 1W1 "Y" 1111011111 ‘"1111 331119-111 1191' fer. becaubse it has transferred the in the homes of the province. _'I‘o this may also be added an

debtor for a fabulous totni amount. responsibility for your ability tr annual revenue from foxes oi‘ be-

walk, to the spinal cord. ‘ But -\\'1iiiL about learning to play tjlreen three and four millions. The gross revenue of the prov-

'oif'.' iii-‘Ilfl 111 1181' 511N199" A111". a You lnusl learn a good "stance" ince from its farms amounts to upwards of $375 for every man.

or had ibcoomc all endorser for ‘or position io take belfore you drive T1115 Position has been reached in llllllll lu lmlold mllllOlllL Tllclll he ilali. the position of cacil foot. cclnperstivels" recent years. owing was no’ doubt of her legal liability 11°1111°11 111 111° *11°‘11‘1°1; 111° 1” woman and child in it. Tile wealth ‘real wlller powers. d!‘ the itrovince is not confined to "the comparatively few but is wcll

act position of tile club behind the

to the existence in this cqpniry of to Wasiliilglvll 111111 11110 W111i 1111‘ bail, nu,- propel‘ inQYe-mpny, of iiie ‘distributed, practically every farm 811d industry being self-sustaining

slelll lllmlcc loleslll collllllllolls l0 first to admit the fact and settle club as you draw it back to strike. with her creditor and to begin to 1119 111-01191" W11? 111 1111 the 111111 111111 pay» interest ltnd prillcipul when at “101101” 1111‘o11g11"‘ 111111 111M111‘ and the great majority of thom showing a ‘substantial surplus. _l All important feature of the agri-

.-\ summary Just published 1h)’ a Montreal stock- lllll lllllllll lllllll llel. llllllllllellll lllllllll “($511511lgiyvgzlgfilzflggllllfigdgmlfng; cultural report is the increase in thsnumber and, t-speclally, in the

111°k111K 111111- C1011! 81 "V1119. 5'11"?“ were indebted to her in n nluch net, and body. must all he correct value of the livo stock an increase

—a

. Inlnlu. OoLILA. one“

‘ERIDAY, DECEMBER a1, 192s.

L

v9’.

§¢_

‘IE-"IJGLAND IN 4020 ' _

Perhaps you have ‘rlflllilillllltfl wondered‘ why “some exercises tired you ln»‘;a-¥ver short time. whilst youwofem l to continue others, geemingly ilurd, for a much longer time; l

For install ~el l-lle act of walking, propellln 15 ‘1liis along the olde- wdlltg a about" three miles nu hour is certainly more work than taking a ‘golf-lesson. where the club and the ball also, is only n matter 0i’ ounces in weight. .

Or a lesson in riding a bicycle, or a horse, where the weight of your ‘body is really sustained by the bicircie or horse, Ivrill leave you exhausted in half an hour.

‘Now ‘Vfllili is ‘the rcalson for this

in Wfllkllilg you are doing an ex- ercise that you have done since you were ltbout one year old. You ‘have becmne so accustomed to it that you do it, automatically. in fact after you really learned to walk, you tnever thought about it any more.

. And that is the vuhole point ‘in

101' _._.-._{g}._ ---

CANADA manufactures more pair cr than any other country in the B1‘11a111 11” 11°11'11"“ 1° 1e1111

world, says the Ottawa Journal.

the largest newsprint producers‘ Tile capitalization of these fen eonr‘

‘of today in the Dominion.

We are concerned greatly for the panics aggregate over $300,000,000. Mother Country, a weary, ta Timy are as follows:

144111111‘ 01f waste products in the nulscie lulled Kingdom which since the \\‘ili'- 1111511 1S ‘V113’ 11 119W 6119111180. W111:-

Some Suggestions

T0 Aspiring For The Year 1927

Marion Talleys

Condensed from The Cosmopolitan

(W. L. COTTON)

- - (July '26.)—0- 0. McIntyre. At least once ill each your, the thrifty furnlcr, as well as the liter- chant, trader. und manufacturer. takes stock of things and finds out how he is "getting along" how much more valuable his stock is how ulucil more (or less) be -owes. how nl-uch more money (or less he has in the nearest savings bsnkg-willt profit he has 11111111’ or what loss sustained. The be- ginning cf the New ‘Year. when the days are short and the iiVflllliigli long. and not much can be done outside. is a good time for this work. It is a good time, too, to think about plans for work in the coming springtime what inlprave- tneuts can be made in the fences lllfi fields and cattle. and other things on ‘the farm-<hnw two blades of] grass may be grown vherc but one grew before, how he value 0f the stock maybe ill- reascd ‘by careful brcedllll: and leading, and lhc kind of stock thnt yields the greatest profit in the irevaiiing farm and market cou- ditious. “Think before you speak". is n. good motto; but, "think belorc you act," is cvcll better. This is a good time in ‘which t0 think about the work of the year.

In view of the increasing traffic

Marlon Talley is n little nineteen- yearold girl with the world at her feet wondering what it is uii about. The most brilliant. audience the ‘Metropolitan Opera iiouse ever held uung on the golden notes of this plump corn-fed child so vibrant with health and girlish ‘freshness.

Tickets sold for us high as.$30(1 each. The famed Horseshoe (llrciu sparkled with customary jewels. The Social Register was tile-re on masse. ll. was the uigill ot‘ nights for the girl froln Kansas City who had achieved wilere u hundred thousand failed.

.\ special train load of houlc folks were ill tlifllililillfliCtJ. -ilcr father, ii railroad telegrapllcr. was at his kcy in the wings to flash hcr triumph home over a special wire. Heri- were the ingredients of iligh-power- ed success ‘drzuuu tlS typically Alu-

rlcan as the seventh inning stretch.

Tilc slight lift. oi‘ tbc conductor’..- baton fairly pistoied n silence. Anti of summer tourists, and the money 111110 111111011 ‘Huey 111111 eyes 119111‘ lllll lollllsls llecellllllllll. Sllllllllousi’ bright with tears made her ‘taro, it is \\'0l'iii while to try to debut. -it does not mutter that nuke “the island—to\vl1 nnd Cillliifllfflflflll Talley awakened next tum-n- il’ 811119-1111 “llllwuve 11-‘ 1’°~‘1**11’1°‘i|lg to greet tho supcriccllnicltl

ie‘l"‘i‘l‘l‘l‘z““tll“i‘.-“‘1l‘-u‘i‘l‘iv1‘ll‘y 11211.1; 1{§’,1,§1‘,,,,§’,1,, scorn of New York critics. lShe hud

buds of the LProvillce will. there-lib‘?B181M0l11611l- T110811 who know Jrcudo well tu llnvc them cleared say she will livc to confound tilcm. “"11¢l1l1l ‘lllclllllllf-l 11l‘ll“[°\”-“al1;3'l'F1:l1:l‘:| While l cannot scrvc us a compe- orll Vllut i 1,’ ‘ l l _ _.._ .‘l lllll ylelll llllllll l_l_llll__l_ lllll lllllllllll icnt music Cilil(, ll is my opinion lle “yell lll lllll lllllllllllg llllllllglll-_.l_ hall she come to llii‘ Metropolitan ‘irsl inlprcssion; urc strongest. bearing the “rlurnpcan Sitliiliwilliifl 'lll1b11ll‘3lil11*~'11911l1l4l 11l111)1"l**151°11 cllludfilerhaps at lnltrlnusct ill iwr sicevc -d yn rstvst sotenproltc- ll _ .__ lye‘ Ol a Second llml llllrll or lllllrel a ll. would halt. littllvtli different l ls really llllllllelllll llowl wllell treatment. To llif‘ tlcillt of tile ugh iai-iilei- m- Qiilui- resident dues Nictropolitun. iunvovcr, it. ims not -1‘11111 110 B1111 l0 llllilrvvfl P116 HD0991" lost one iota oi‘ its fuilil and firmly

11c“ 01‘ 11111 11111111 111111 9111c" 11f 111111‘ believes Marion Talley will iililk’, lcuce, the face of the whole coun- ll l l l l l‘ __ l l l ll, lll lllllllovelll Allll all ll ls lll er vuty tn cvtu grtulu if‘. glts.

1c country so it is in the city. New York 1111: 0111111511 10 be 1 feifvenrs ago 1n1111y of the cltl- ugly ultlltrt-rutu. m nu» rcsi of 1hr iI-“i..i"..§.i‘.§‘.‘;.‘l°.' 152K111‘; ..‘i‘.‘§°l‘.‘.‘.‘“$.“. ;*§"l*l'1"{- *\'l11_1{>"1,l"l1‘_1' ‘l’ {"1131 .. Lousoll, Mr W. H. Aitken and 1‘1' 11111-59 b "1111 ‘1111 111311 1'1‘°111' lilerluqlpgllll in lllku lll-ilie iii town oil the lloi-skicti ilrltirie wilerte 1811‘ 1111111111. 111 i110 lrées. 'S111‘111JS they shoot from bolil ilips and ilil‘

llll lllllllll l: llllll_‘lllllllllll‘ lllllllll 'l‘ilc nleiropolis nilcu titles not real-l “Zens lll-l, y“ llegll.l.lllll_llll. lli. ize tilut wt-rt- ilii'l‘\' nu ilvu-ltllll-lt-lll vactivcncss of iilc whole city is so ill Kuusns (‘iliu Umubu. cl f'(‘i(‘i'fli

is

DECEMBER 31,1926 ._ _

The Royal Bak of Canada

,...

$14,005,, .400. . - "lmillll

018,809,074.“ 13,1 .66

(Ilpltll Stoc: Paid UP - - - - - - - ' - '- Siiihi. ‘Like. asses "..."...

Di id do Unclaimed Illzldgid No. I57 (It l1

30m“ uiiéij past. ‘lit steaks... 165411

v2," .... .....'..'...;. ‘tiiyiblilikibiéiiilliér,

732,000.00 483.000.”

"Mum.

"Militia, l) it not bearing interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . l0l6l,l70.450.50 92min: bearing lnlerclt, including Interest to “lfiwflmul . $6lI.B60.3l8.6.\

duteoiStatement . . . . . . . . . . . . . . . . .............. ..... .. . .

Total De sits. l. l- Nutt-a of the Ban in clnu nt u lluollulllll l6,764,934.43

Balances duo to other Banks In U 0,103,180.05 00,666.64

Balances due to Bonito and ' 0759111115911" '1' wllierebtliann in Canada . . . . . . . . . l

Bill-nix‘; .8. annals ... .... “...-tau-

Lctten of Credit Outlfundinl - - - ~ - - - ~ - ~ ~ ~ - - ~ ' ' ~ ' ' ' ' ' ' ' ' '

ASSETS 021.004.504.14 e,4oo.ooo.oo ssauonssoso

9,600,000.00

- g (‘ i hl d. tigpzmbtue‘:lgiélcxtrnlaoitwllelorvcs.. . .

i a . ..

‘P112110: gcplrarltcd in (lenfrll Gold ‘Reserves . . . . . . . , . . . . . . . . . - - . - - - - - - - - --

Llnited States and other Foreign Currencies

$30,004. 504 .74

43.001.500.50 Il,G6Z,l'I7.l9

‘smmesnaztt 3,105,519.55 21.214.100.01: 26.119.991.21.

64,733,057.”

Nulel of other Canadian Banks . . . . . . . . . . . . . . . . . . . . . . . . . . ...

Domlnionrlnd Prk l luel _ l l _ V _ A _ A V _ __ (lanififiztsdwlelll-liigir Ill égcurltiel and‘ ‘British, Foreii" ""1 Colonial Pubi c Securities other than Cnnldian. (not market vni l other Builds, Dcbc I rc

26,880,492.“ 16,380,953.“

cxcecdin Rnnvggefllllfl market value) . . _ » . - - - - - cn“cfri‘if‘d‘tr‘oc1z‘k‘iluayltd other Securities oi n sufficient marketable value to cover . . . . . . . . . . . . . Cali and Short (not clceedin thirty duyli Lonnnvcllewhcrn than in (Ianndl on lion a. Debentures n d Stock nd other Securities of l suilicienr mark l "llflluslal,

27.719.561.79

a i t’ u 1| bare of "“‘1'm’111'11

C rrcnt Loans an Discounts n mun n can re

u lntercnrllrliillcr making fnli provision for nil bud and

Currlfilhsrunsa Iliad biléuuuu." ‘t-iscwhcrc‘ than in ‘(iannda 11sec rebate of interest) nftcr milking full provllionf all bud and doubtful debts.

ion~Currenl Loans, estimated los

i I 97,759,2M.I4

I.\i'l,1\84,8)).9h 2,583,639.41

‘s ‘provided for. . . . “$721M, ‘l Bank Premises at not more than cost, less amounts Wrllfefl 11¢ --

Rr-nl Estate n! er than Bank Premises . .. ... . . . . . . . . .. .

Motif: es 0n Rcnl iterate sold by the Bank. . . .. -.

Liabi it co of Customcrkurdorllc;tlczllnnfugllsglt lpcr conlr

Shares of and Loans tn onlro u . p ma. lllléll-llnlun Fund. ll

ilc lit with l he hiiiliatc-r for ihc purposes of 0t icr Assets not included in illc fort-going. . . . .. AUDITORS‘ (IER'l'lFl(IA'i"E _ ‘ S . l. BR. Till-l itmal. |iA.-.'i<_oi~ CANADA! l l 11‘ T1112 llgalcweglimnincd 21:1‘! above statement i Liabilities and Assets at .i0th haw-miter, 1M6 with the bonlui and accounts oi The Iimyni link (‘unndu lli llrari (101011 and mill the (‘fifliflffd rctuml from the branches. Wu hnvc vcritiuil illn- malt and iivfilfliillfl ul_ iii ad (ifiicc all lfhc rluut- nl the limit‘. lllcll year, and during the year we retail-d lhl- club 12nd t-xulnlntid ilit‘ srcurltn-s at suvnral cf the im- b h . . , . . . . 1‘°'1'§i‘1l.i.§'..'l°ul§t'.|u..l nil the iufrumueiuu nrri vxplilllul 111T." ihhi wul Z\\'i‘f1‘(|ll|lFQl|l,{lHdll\ our npmturl the transactions of thc iiank, ubicil ilnvi- 1- nnr- under our llillifl‘, 111111‘ 11l"‘l1_l1l‘1111lll 1111‘ ilowt-rs of ihe llllllk The ‘hm’; uni: mcnt is in our niviruln iifiipvfll)‘ ill" wn up 11pm in dii<0ll"\l1i1\4'il'\i(‘ (‘flilillllllil

uf tllc Bank as at 30th November, i926, 11ml it is la shown b; tlli- lwfiitl '1'.’ lln- linnk. i‘ \..

hiulllrruLClnlda, 27th llccember, i026.

PROFIT AND LOSS ACCOUNT . , . A“ Hi0] i\ - i 1|‘, i925 S 1,219,435.12 113.1511.‘ $011.11‘ §1l‘..‘l.".i1ll.l'.".i .3311‘? 1.1.‘. .1...‘ S...‘ Z1} III.’ i... . ._ accrued inu-n-st un drpusita, tail yirtnisititt my uli ind

a very interesting resume of the largffir 101a‘ ma“ 1111” °Wcd to £11112! 110938.11 thlis llrlleanil {N} ' ‘ l,,,,,i,,,,,, m, lmdumlon ol l,“ 0,- Washington. but these allied debt- *1 “"1 1 “° ‘"1 l’ ""11 Y°‘" which also is very generally dis- tributed throughout the province

‘Brampton Paper (‘c Pulp

Abitlbi iktper Ki Pulp CO. . . . . . . . . . . . . .. $10,000,000

than been beset for nlauy monthzi111e1‘ 11“ 1*‘ 111111113‘ 1111119111141 ‘K111111111

_ _ or other game. tires you so QOQI], with labor troubles llHOlVlilg ul- lqellcl, llgglllllulll. lll games of alll most invaluable losses to her ill- kind should take frequent restis, z..-

'reatiy' iucrtaasctl thnt visitors nrc harmed and go zlwuy full 0f lhv dea that “Charlottetown is (Hi0 m‘ ihc in nil

them would i111 nu \\'il<|l\\'rll'

lll liuii:l-‘ lug on iirunthvity ' '

dustries at holnc

both brain and hotly will thus do

_ _ _ brain as well as your body, 11m‘ ors nrc paying hcr ucltilcr interest ql-llel-l. ll“, lll-lllll elllels llllo lll. We command a careful perusal of the different reports as well as u .

ltor principal. exercise fatigue comes on sooner.’ comparison with previous reports.

There is rcuiiy u disturbance ll This will show n steady advance l

the greysubstance of the brain it

self in zuldltlon to the accumuiattiol in farm. stock and crop which is" most encouraging.

$ll 00o 000‘ and li(‘i‘ trzltie

31.17.000.000

. -C0. . . . . . . . . . . . . . . International Paper Co llaurentidc Paper c

l tt-~ w rk. abroad. it is not a question at all ‘e "1 u

of tile United States attelnpting to

play the ‘Shyiock among the nn- ' lions. whoever may take that view

Daily Selections of the case. The Washington FOR governlnctlt is legally responsible. to the American people to coiicctl 1 Guardian R9ad€rS what is due them froln the debtor‘ nations, so fur as they arc obit.- in pay. and Britain, as ill imuur‘ bound, admits the incl.

$29,000,000 Port Alfred Paper Cu. $8,000,000 ,l‘ricc Bros-t, (Quebec $65,000,000 Spanish River Co . . . . .. $30,000,000 St. Lawrence Paper Co. $11,000,000 Ht. Maurice Valley Co. $33,000,000 Wuyagamack Paper 8t Pulp Co. . . . . . . . . .. $11,000,000

...-Causes for the ltniquc prosperity of Prince Edward island arc not hr to seek. Tile general fertility oil’ the soil. the factthnt practical- ly the whole province is cultivable.l a climate lwificlh has never known Tllllsll lomlllllllesl lllllwlll llm m...‘ d-rougm or 110011“ m‘ 1111111111111‘ ternationai Paper Compen frosts, these are important factors

but the main factor is that th 1

e1ton Company-mm province is purely agricultural and

-+oo++oo+n December 3i, 1926

11111: HLAPPY NTAN -—- “iiehoid, llllllily is the man whom (loll cor-

wh“ 111°" 1' 111° ‘"117 “"1 111° recteth- therefore despise notThou

d cvitabie solution of the dark lllio cilia-aiming o; ii“, Ailuigilllh Y-lill - problem? or l-c maket-h sore and hlndeth to n very small degree. the Bromir‘ There must in the and, be a com- 11111 1111 ‘111111l1111m11- 111111 H15 111111115 pllomlul a wanna down of the make wlloic.‘ Job 5:17, 18. (31111111 I lfblll l l vPicAYlldR-llmrd, ever deal with The llllllrlllllloll egal la tel as between the ni- us as with cilildren, and may we were 1m; ‘boon no inducemeni it. lied nations that fought side by 11L‘ ilelfef-‘Wd by ‘Thy discipline.

llle way o! lellllxlllg lllllll, and a1 1,111,111‘ Company 111111 111111111 11°1‘1' side in 1917 and- 1918 and together

l kl l l l, lll 11155 111 Canada- 11111 1111 11111111 1111111“ won the war. it is not ill the best‘ ‘"1191: y wfliilo um 12:1‘ mmd ‘l: est is still in the United States, so interest of the people of the Unil- 3111115‘ 11 °ne 1' 11g we °' ma; i, congkleralble prowl-lion o; ed States to see Europe reduced to ‘mat 1s 131mm‘ “e produce a its capitalization cannot be consid- 11111111111111111" T119 C11111m111“ P111 largo export surplus over imports

fcssors see this (dearly. Far bet- cred as concerned with this coun- llsltilough wo are large importers

tcr than that, even for the Amt-ri-

al all modem clllllmolllllelh wll “'1'- cun people, would bu a cuncclllttitttl

have but two nalurallnlswrclvllll of all the war tlttbis. Adlnlibtctily

“finely agrlcullllro and llslllng that would be un unprecedented

» ' mark of noble generosity on the

.0131 "11119 1'11“ 11111" 11101151115’ part of the United States and with might be more highly developed it still adds a substantial slam year-

Brltain as second in tile high hon- N : Du t ‘ . m oven 1'1“ new report um or of forgiving more indebtedness ly to the aggregate revenue oi’ the ‘province.

°11°11 11 11°1111°111 1111119111‘ ‘11111113 111° than uny other outside of Alu- lChristmas season. Politics dies a gricfl, another factor which should not ‘be overlooked is- tho fact that our

‘natural death in the breath of Christmas. but there will "be a re- . . ti F i) 8th. ‘province-ls more thickly DODuIated ‘urrpc 011101‘ e rum‘ ‘"1"’ “1“‘11 S" 111111 11111111 11111 11°?“ 011i“ 01M 1132"” Emma appear .. ~ - --— l _ l ere n d . than any other part of Canada. Tomorrow, New Year's Day, is 1111111 111111111311 111111111’ ‘"111 31°11’ encc, om W01‘ e nogng This makes possible that measure titn day for making good resoiu- “mum 11' 1101 c0111“ 111111" 111" 1W1’ N

0w with the spirit of goodchoer. grout English of coopcraatlon which has undoubt- tions for the coming year.

purely .dlnn companies.

BE GLAD

Be glad and thankful for the morn The new’ and cool keen early air, Phat hope reviving with the dawn, Phe foul wind changing to the fair Old ivon-ieu fling abroad and say, All carefree as a child today,

“l mould this day and it's events Shall bring forth happy ooiiuequ.

cllco."

EDITORIAL NOTES.

Good llye 1926, For lift- ls like a marble pit-cu , .