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P. 9. Box 264

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CHABLOTIETOWN

PRINCE 'EDWABD ISLANDS FlBST INNESTMENTV

BANKING HOUSE ‘

P. 0. 452. _, PM‘. "o.

Investment Securities

_ Phone 29141. Charlottetown

.- _. n-

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‘ “POI Co --- a so All] us; and “Fe-q s" n. ..lll COXIUOI Of IMOHYOQQ. »BEfOl'8 I CUII- DANGEIOUB ' cATAB‘nvmm' I 0o 5.. . ...10e. July .. . ...121% sealed to give out the statement. r - " --_ 4.1 15mg,‘ _; Pgoifio ..'. .12!’ Sept . ....ll4%~ had Reading telephone George and John I.“ Nichol,” u “M”, A F I b “m” y p ' UnioriPdclflo Ry ... ..'. ..2lt- . " . - ~ 05ml! l “MW Pmml" fmm him N. 8., proved the wonderful 1110-091 ‘ No.” ' Av. Val. per Total‘ ' i1 i n1 Alooholdo i... ....1am 005"‘ "u" W" 1mm?“ a Wail"! 0* C-Clrrholfllle. -1 hld trouble with i“ ' _ ' herd value Wlliliisbmlll lilac 1-4" - m’ “mm” w" “mm h“ 1"" my noes and throat for m» time, 1m"... 2,080,200, use 9,101,000 “Jiblfldd States Steel "L. All!!!" May ... ... ... ... ... .. 90% msdtaisiy after the general Inter- - m‘ com-m no 1 __ n “um-L ‘A’ "supmr _ , ‘j "’ , - duly ... “w... .2. .. 08% allied Conference in-Paris. I dfd ~ “m” ‘WW4 ‘f _ ~~ - - 1h“. c (NORMAL sroclr sxcinhloi: Bopt .._. .. u this to meeyclvlfrssldsul-s insist- '\-V'u‘ed - ‘hmmw 1mm mu“ no “am ' ‘ , " _ g »_ _, enoa that-I should attend at le_sst mm‘ which m“ w’! n H Lin“; a” 33mm '.’. ... 40 ~ OAT! ’ _ one meeting. Lloyd George readily prov“ m'e_'wg_ _ ' ‘ 5.5;. \ 1min 0a.... . . s12‘ .1 ' ' ‘ "'°‘““°4~ ' " “ »~ 1y. 1mm" dice .. ‘mob 1.11 1,000,000 V ‘ any, .. . ... 46% ‘November 1011: Lest night I _ - -,-°°~~mmh hi." 1m __ __ u, ‘film _ 3m‘; “n, p, ".349 July ,,_ g V... .4014 read to H0y¢GQOffle and Herein; . ,. _ - or “L. . ., _ ‘f. V. u, "h . . ‘I ' “u. "r "Lu Qgpg,“ n, u, ".--|I‘.Ql ... 48% CAMS which the President eEtu- mud, I (gin glow [pill mild‘ l“ ‘q n“ ‘I 39' “lgqgloog . , brawn-la ,1... “.1100 ~ ~i - » , eiiv mo. Herd George uked why elonflYl and m r6141. mm.» ages," humus s1 81,031,000 ivngii,“ ,_, 1.. ii wnssr Ihld helpuslahud 1t» the Presi- wimp“; q.,,,,,,,,-,,,, 1% 1 _ L Mk‘, \ . ... ...’... :r" _ _ » ' ' ~ Mot Mt it rogue than diluting it others wllfieohrteelvs __' ides helmets =7 e1,0a'l.000 ireetiedn. .. .. .1009: in‘: ~15". 1' I 41¢- W nob V!" "l!" "11- nun-undress." All d‘ 0011i“ .. “mm” .... 53,313,000 ,1 “m”? ,_ n‘ #1111; ...,_...1e_t1t"s1dmd iiteo strong-ind while 1 Optarrhoaopg. met- -_ _. it x _ ._ . ' Q ... '11 loot... .1»... ... ... ... mllattildeeted/tq-nely’! didanot want to‘ mentOne Dollergsmallbijw-u ggugp __

A Montreal Stock archange-

. nu rug: em.

IBII l"

mi. The-Intimate Papers , —Oontinued from page 4-

_.__i.____--_------ I would advise not having a rep- __resentative on the civil end as desig- 3natcct~m ANJCIB_ODG, but, would ltro ly urge having General Bliss .n q military end as described in irticlc Five. It is important that .n immediate decision be made as olthis so that it can be annougged hat America is in full coordination 11th land, France andjtaly. It necessary to do everything possible at this timautc encourage our friends herifland in fiance. . . It is not probable that another offensive will be made on ‘ the French front until the spring, or un- til the ‘Americans are strong enough to glveamaterial assistance, or- the Russians” recover sufficiently to re- sume on the East. It looks like a waitinggame. 1 will advise of this further in _a later dispatch; ' Edward House The cable sent by Wilson in reply was vigorous and offered full sup- port for the Supreme 'War Council. The cipher cables from the Presi-

dent to House, _were, in accordance

with the invariable rule of the State Department, put into a. paraphrase when declphered. It is this para- phrase and not the original text of the cable that < is published. The paraphrased text of the cable to_ House as follows: '

Jfiraphrasczof Wilson's Cable to House

Washington," November 16, 1927' ~ Please take the position thit we

A___T71e Investment Situation

-1

Current quotations indicate that strictly investment securities are lower now than they have been for '

several yeon. A great many high-grade bonds and preferred stocks are selling from 3 to 10 point; below

yield.

1927 and 1928 prices with proportionate increase in

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v

present situation.

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prescit.

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not only approve}. continuance of the plan for 11. war council_ but 1n- slst on lt. We can no more take (To Be Continued.)

part in the war successfully without suci; a council than we c511 lend money without " the board Crosby ‘went over to join. The War Coun- cil, I assume, will eventually take the place of such conferences as you’ went over to take part in, and I hope that you will consider remain- ing to take part in, at any rate, the first deliberations and help. m the formulating of plans. Baker and l’ bro agreed that Bliss should be our military member. . . .

Colonel House did not hand this text to Mr. Lloyd George for use in the House of Commons debate, since heJearedwthat President Wil- son might appear to be advocating a particular plan of achieving Allied unity. In view o1 the difference of opinion that had been raised by the Rapallo Agreement and the opposi- tion of influentiabrnembers of the

Asquith, 31ers was danger of the American, President's being involved 1h an issue of British domestic poli- tics. Hence House reparaphrased the cable-from Wilson so as to ovoid committing the President to any specific plan, but in such" a way as to emphasize his insistence upon the pr‘ of Allied unity. ' '

1 v

Published Statement 111's can

War Mission

Colonel House . . .' has received a cable from the President stating ‘emphatically that the Government :01 the-United States considers that lnnity cf plan and control between all the Allies and the United States iiscssential in order to achieve a Just and permanent peace. The Presidentsemphaslzes the fact that this unity must be accomplished if the greatresources of the United States are to be used to the best Eadvantage, and he requests Colonel ‘House to confer with the lfeads of

l‘. ‘JJ-bU-irpi. o.

' Stock‘ Quotation ashlar-Aer. April a - Qflvili-IO"! furnished by, John-awn and Ward

' c m Yonx-ltxonsuon

j I . at rep a Santa Fe Ry ..1b8% on 0o “new ‘ahfllosemetlvs Co ll|117% am smelter Reps ".1001; 1mg ‘Q0 .'.. .. 55% s11 cop Min Co ..‘. “met gross as l-runv a 1t ...1sa% Con s.- Co m 1n “mm needlew- Oo . “am

Dominion Bridge .. 9B Massey Harris ... ... ... .. “I0 Canadian Brewery ... . .. 25 Building Products ._.. as Chas Gurd .‘.. ... ... .. 40; Pewer Corporation ... ...10l~1 British American Oil .

imperial

HBankCommerce ... Q1350-

Oil ... ... ...

BANKS-

. .. 40% .. .'.1os*/.

Bank Royal... "... ... ....384 Bank Montreal ... ...~... "346 Bank Nova Scotia ... ... "-399

WHEAT _

I

....~_.

the Allied Governments with n. view to ‘achieving the closest possible co- operation, Q President Wilson has asked Colonel House to attend ihe first meeting of the Supreme War Council‘ with General Bliss _. . . as the Military Adviser. It is hoped that the ghee-ting will take place in Paris before the end of this month."

November 17, 1917 Lloyd" George has been after mc several times to know our decision as to the Supreme War} Council. If favorable. he desires to announce it in the House of Com- mons eh Monday.

‘November it, 1017f I was care-‘ ful in the statement not to approve specifically the Lloyd qecrge plén; but I simply approved the general Idea cf unity“ of action and unity of

‘as expressed in the Rapsllo Agree-

.House of Commops,___lncluding Mr. »

overdo lt, which I though the 111a- sage i1; its entirety would do.’ The effect of the Pmeidenifl mu- sage was all that the suPlWrtsre oi the Rspallo Agreement could hope tor. The Prime Minister passed‘ ' - unlphantly through themparlism -, iary crisis. There was mild mt:- cism on the part of the Oppoiiti n‘ but there was no serious attempt" the House ot Commons to, make an issue of tho policy of co-ordlnatipni

ment, nor to force a division. , For a moment during the edition. of the following day, seemed on the point, of being rc- opened, as the result of a rurnor‘ that Colonel House had exaggerated, Wilson's endorsement of George plan. - 1 " The‘ llama!“ ' Statement issued‘ through mm Agency, November 19, 19f‘! '

‘Washington, Monday ‘President Wilson denies that he

stating that the United Staiu rou- siders that-a united plan and cbn- trol between the Allies ‘and the United States is essential to a last- lng peace. This denial-was issued ihrough Mr. Joseph Tumulty, 1s". President's private Secretary.’ q.

Strictly speaking the denial the mrrect,'f0r 111 his cable to House

about ‘a lastingpcace.‘ These words, however, were implied in the cable and-their ‘introduction _in Housés

sense of’ the message, which was that Wilson ‘insisted’ upon the War Council. ' The original authorisa- tion was in fact stronger thin House's’ Baraphrase. Whether the statement was issum through mis- apprehension ‘bf, the facts by M1‘. Tumulty has neverbeen made, clear. Inasmuch as the President and 001- onel House exchanged their clbies in a special code known only to thenEelvesFlt is possible that be- cause of pressure of‘ time and busi- ness Mr. Tumulty was not informed of Wilson's cable of endorsement. ' ‘November 20, 1917 This has been one, of the most disturbing days,’ ‘wrote Horse, ‘I have had since I have been here. For some unaccountable reason; a_ wireless was published in the papers this morning as coming from Washing- '

meut I gave out Sunday. . 1 .

‘It was disturbing to have such an incident occur when so much o! real importance was to be done.’

Colonel House to the rresident (Cablegram)

Ilondon, November 20, 1917

affairs elsewhere 111 the allledstltes ihis might hdvé proved the sol-as disaster of the war. The Pflme Minister was constantly urging me

pletcly composed , But ‘rumliltym denial has started ‘everything afrbsh,

iloned in the House of Commons this afternoon, _ _ I am refraining from and anjl ask- ing the Pressto refrain from any further statements. If this isldone the incide 1t will be closed. f

._ Edward" House . * On Tuesday aftemoon the ques- tion ‘was raised in the House of Commons as to whether the stitc-

Chronic Throat Trouble Completely Overcome

. ilr. 4310111 degree and Lord Read-

the mutter- _

the Lloyd‘

paraphrase did not aflect the main 3

ton, denying some parts of the etste- 1

_I-_-_ are, given as ~_follows

to say something to help the sltus- ‘Hanan ' - 193% ~ 1923 um Tm, I unwed ,0 do mm; W“ .; No. . 3,504,041 t 33101104 had heard from you. The statement Mimi“; ""2457“-°°° 3355-4594399 I gave out purposely refrained from "imam" H - approving the Prime Minister's ciao. vim.’ "f “"175 3-7915” but merely stated thé necessity for OE c 193' 1°00 373-199-999 military unity and your lnstructiclls _ er ‘w? for Bliss and me to attend its first wlsnb" “gnu” 510001759 margins ns11dw1ns_ the Paris mm- 5M?“ 1 M31000 2311700000. allied Conference. - ' I ‘vim-e ‘ "“':':55Y555 3-415-783 The situation had become com- m“ N; 13m“ iii-figlggg

andhthe Government ls to be fques- '

meflt of Wilson's erfdorsement,of_ s

the wg Council could be regarded Ll authoritative, in view of the do‘. n from Washington. But since b confirmation of_ the deniil came, _ o u Colonll Hours had read to

ing the original Wilson cable, w, Sonar LII was Ibis to say for the Gpvernmeni that they had the offl- clal guarantee of American appro- yo}. ‘l1 had evens-newspaper and Government Hlicial on my back yesterday, ‘bcoause of it,‘ House wrote to Wilson ‘on Wednesday. ‘however, the incident is now hap- pliyiclosed.‘

"Agricultural ‘ 7 iStatistics.

‘Iqrr/lwa. siml 4.-(Speclal by MQiD-Ths monthly bulletin of ag- rrioultural statistics, Just issued‘ for

whole is c

with the‘ average in Canada is as follows: . -

. ‘- 400a cshadsf... 111cc: PJEQ I. ... ... ..'. “.32

44

I51‘; respectively. " foiled-m help the comparison is:

‘ Canadm ‘

1926 i928

. . ' I

wuss and Boardfmen per month ... ...$ 61 Wages and board women tier month ..l Wages and board, men . , ,per year ... 615 wages and board, women ' ‘ per year ... 455

42 44

l. Prince Edward rsuhd Wages and board men,

, per month ....$ 47 Wdgss and boerd, women .__._.lier' month ... so Whoa and boardnien

per year ..;~..'.“4s4 W§ses ‘and board, women

1 ger year ... _... 325

$15

355

. The hleher ever-teem 1111151 Can-

bitber mes pile 1h the four tell: provinec.‘ __ _ ~ w 1x11"! "Wise values -. ofvfarm live

91515915 ‘P?!’ 130M in Canada and P. E.

WES-

Perms: . 101v 102a 192a

Hones‘,

i The 181411111096 numbers and values Wérd " Island and Y “Canada were:

oiheds

‘value ....1ee,'loz,0o0 00,520,000

Put... Edward Island

Kama-rm". sans: asses Vi!“ -----$2.'IM.000 340,001,000 v iel-r Cow ~ ' ‘ ‘ TNO- pesos saber ..-'.vs__1lld 2,oe'l,00o ’ , , 91h,“ ‘I 0511000 W‘ in. ‘some 00,104‘ m:- “1.t'10,ooo 2,100,000 Bleep. No, a. ‘c1210 01,002 ‘Value " .... ’ 700,000 902,000 _ ."_No. .._ 12,114» 52,500 ' "ivllfie .. ' 1,024,000 " 333,909

'. '3 . m the nuinbep and values of'farm'poult¢y' g; begqrg

ilnpflCauada and P. IL-I. were $46 and omble

discarded

.13 lfiwltlfliéd f0!‘ by the much latter’ be

THOSIE I ROAD MACHINES

Turkeys

Loss to taxpayers

Bills which must be paid I am Sir, etc. ‘ ACCOUNTANT

The Public Forum

—Contlnued from page $1;

~___,.__

m t" "w 91’. ""186 was“ other canals. $100,000,000 has already hTangible and ,mang,b1e'.. been expended on, the construction of what is now the fourth Welland {Canal which before completion will {cost over $30,000,000‘ more penditure thereon for the past five $63 years having averaged no less than $11,000,000 or $12,000,000 annually,

If a viaduct‘ across the Straits and‘ the Chignecto Canal are feasible 534 money would be saved, transportat- ion facilities enlarged and trade and 476 tourist and other traffic greatly in- creased by immediate joint action by the Marine and Railway Depart- ments. The time is therefore 0p- portune for a speedy investigation. The plans for the car ferry steamer 31 are not yqt__ formulated and if canal and viaduct or the latter only be res» 513 sshchly feasible let the building of any more ferry steamers or docks be and the construction of the canal and viaduct, or, if the former impracticable, at least the proceeded wit

chronic 1 in. unreliability; "unstable collapse . _ h ‘mmedlfliely- as WBber,"—-l'lpe for the dump 11111 oi ' I am Sh, m I “a Sh‘ etc» discarded political adventurers. v Josmqi TéAnQbn P. E. 1 I am Sir, etc.. Apr“ 311i g

_ __ Slr:--'I'he Public Accounts show “#1268 '13.: '16 $100,000 borrowed 1dr‘ those road

A very difiicult and dangerous “imiflqws ...; as 4'1 '10 machineS. The Premier claims them- Guardign smears I- lettcr- slgnéd . . situation hash“), me hem “mam-w other clttle ... 5'1 28 48 as an 155st of full value. Analyse the "ODSGIVCI", referring to a’ resolution Gm“ vn_1'"' Gladys Tuner; 2' t Prime mum“ made h“ inns S53E13 ,... ..._ ... ' l5 8 10 deal as to their "asset" value’. The passedatDonagh School re Teachers, M2102 Tzfllorl‘ R l speechaynouncmg the fotmauon-o‘ i e ... 2B 12 15 taxpayers have" to pay the interest salaries. First, he wonders where M16 _' °Y W51: \

a Suprmge’ w“ comm _ _’ ; The -' r ~ fr" ~ t . on thls $100,000 and to pay the nbhsgh 1s. Well, for his convenience, Gfam’ Iv-l- E1" Chaim“- mnouncemem Ems Wm, m, m” P- .11 I. ‘.1917 1023 102a principal. when due,__What have meg we will tbll him: 1t issituatcd sh the Gm“ "PL Alvin Mallet“ 2- Al" Due-d- cmdsm bt~tfie mum“, m“ Horses . ... .. s as s a0 e101 ‘to show for 1t? " uth sidc ofthe Hilisborough Bridge, “m” Cmshim“? 3-‘D“‘"* °.““PR91.1°T thormes precipitated a Dolmen ‘any Nfllqh cows .... ...‘ M v, 43_ 62 Road machines" cost by direct 9 o Qmlles from Charlottetown, and 4' give?“ fufgognz‘ h “ n ‘ 2. § is that threatened to sveltum hlsN-NFQY- "M" 38 l! 35 payment _ $01,000 W111 d 1t a very cosy place fwlth E“ t: °h "i1 ° “ C “PP”. e’ Mmistry . U . W Bftep ... ... ... ... 14 6 10 Dess CSHIHBICQ-fgkg-off or hurdw king farmers and law abld- 1° c “P!” 9' - I

In the my arm”, cundltm o, Swine . .1. 1'1 . 11 1s commission Ins cltlz - ' ___ "EM" “m!” Tmhe".

16,000,,

ctyfonn live-Hock, in Prince Ed- Net value of machines, W113i m new I " ‘ . ~ Less depreciation in value, second hand machines

"UNSTABLE AS WATER."

Sirz-With regard to the appoint- ment of "three magistrates" the

GAP?!" and’ Prfwmm h“ wmifhe terms of union) would mean in puma“ which Wm l” “wrest!” ‘u’ ‘the-Amy of trade tourist traffic sac - sent a cablegram to Colonel House fiunfinreum“ '° t“ '5 m“ Pm“ what the shortening of sea voyages . §' 'mntmt rm‘ 0mm“ “s "' by means of the canal would mean d . ' F“ ‘Puma- u" not i0 the Maritime Provinces alone av rage value of farm lands per acre but u, Sh,“ from Montrealand °th__ er Canadlani pasts on thall- way to St. John and other Atlantic seaports 1925 -a saving in some instances of no $3" less thansabout rlvsqluhdrsd miles. i Considering all the circumstances, ‘ “Prgiomh Gambia» 1' mwever- 5°51“ the expenditure involved, even if President Wilson had said nothing _ l‘ m m" and ‘mi a3 m!“ "-5 considerably greater than the above 511s in 1920. The highest previously estimates’ would not appearimeasil and, the more. so, when u; consider what has been expended on