SS a one

se —-

——— toe i —

ee cieen

{ux Dairy EXAMINER

{a Published every Evening. OFVICE: pies’ BUILDING, CORNER OF WATRR AND GREAT GEORGE STREETS,

Charlottetown, P. FE, I.

KaTes OF SUPSCRIPTION :

Six Months, é i $2 50 Three Monti, 4 z 1 2% One Mouth, ; ; vu 60 June Week, ' ; . 6 12

gr Advertising at wost moderate rates.

Contracts may be made for month!y, quar- efly, or half-yearly advertisements, en appli- sation.

W. L. COTTON,

* W. MITCHELL, Manager.

Ofiee Supt

ee

oo Se

Prince Edward Isiand RAILWAY.

TIME TABLE NO. 13. Winter Arrangeme nt,

~

TO COME INTO FORCE

TUESDAY, December 2nd, 187%,

a ee

~ TRAINS GOING WEST.

Nos. 1 & 3, | — No. 5, CPATiSNe. Mixed. | Mixed. | | Georgetown ..... Dp §.20 a. m.| Cardigan. ........) ** he “a , Ar 10.10 ** Mt Stow’t June...|)),, 10.15 ss | | Keyaity Jnnction! ** es e }Ar 11.50a.m. | Charlottetown...', §.00am\Dp 3.00pm Reyaliy Junction; ‘* 8.22 ‘ * 138? North Wiltshire..| ‘ 914 “ | ‘* 415 * Hanter River....; ** 9.30 ‘* | “* 4.30 “ Breadalbane..... ‘‘ 10.07 “ | - 7 Ceanty Line..... ‘* 10.17 * “oe * Kensington......| ‘10.55 ‘* | ‘* 5.55 “ ‘Ar 11.30a mjAr 6.30 pm

Sammierside. .

Dp 1.50pm Welli vove $|—te 21GB 26

Yort Hill .......; “ 3.00 “ as coeen:|'.: San hs scecees| See BR cevccckes}) " Gm ™

TRAINS GOING EAST.

Ar 6,00 pm

Georgetown.... - SOURIS BRANCH.

‘¥vains Going West. STATIONS. No. 7, Mixed. RY ....-| Depart 7.15 a. m. Sc: 2. 3+ pee re =e aa S St. Peter's....... ma - Rs oc Sse - 998 “ Mt. Stewart Junction.| Arrive 10. 10 a, m.

____ Trains Going East.

Siavions, No. 8, Mixed. _ es a e. coil lemaemnigmgeemygerO Mt. Stewart Junction. Depart 4.15 p. m. cl vi ole Ga f ae 4.58 ‘* ee | 4:7 *

i sswes dy us “ 6.48 ‘* IPR | Arrive 7.10 ‘

ALEX. MACNKAB,

Sup’t and Engineer, Railway Office, Chtown, Nov. 28, 1879. —pat pres |: ane sp sj kca pio 61

recent ---

COAL. COAL.

OR SALE, at the Gas Works, and . Koughan’s Seales, a quantity of Round Lin an Coal, at $3.50 per ton. is Coal gives a great leat, and being al- Mest free from sulphur, is suitable for either ates or cooking stoves. . 27, 1879 —city papers 6i

ee

MACLEAN & MARTIN

ATTORNEYS-AT-LAW, Newson’s Building, Opp. Post Office,

Charlottetown, P. B. 1. A, A. McLEAN. D. C. MARTIN. Pee t®, 199, —exeaw

4

CHARLOTTEVOWN, PRINCE EDWARD ISLAND, WEDNESDAY, MARCH :

me wee ee i one at

Lally Exainiver PAULL |

1880.

Advertises Cheap FOR CASH |!

) DOT JOB PRI PROMPTLY,

GHEABLY

Wes Persons who have not yet settled last year’s accounts, will please do so before com- mencing the business of the

coming season.

Small Profiis--Quick Returns,

IS OUR MOTTO.

to deal closer to the cash system than ever heretofore.

THE DAILY EXAMINER

Loeal News, Foreign News, Political News, Social News. Commercial News, Shipping News,

laid before Subscribers, Purchasers, and Borrowers,

EVERY EVENING,

PRICE 2 CENTS.

SUBSCRIPTION RATES:

Quarterly -.--++-eeeeee eo ol. 20 DC TON wa dorgcse vices M00

THE DAILY

HAS A

Largely Increased Circulation

AND IS AN EXCELLENT

ADVERTISING MEDIUM

Ce au

WEEKLY EXAMINER

Made up from Tae DarLy—a Compen- dium of all the News of the Week. Subscription price only

ONE DOLLAR A_ YEAR, IN ADVANCE.

Sent to any address in

Great Britain or North America,

———

Persons having relatives or friends abroad cannot do better than send them THe Weexty Examiner.

pay A few Advertisements only, received

J, W. MITCHELL, | W. L. COTTON,

Office Sup’t. Manager

Warned by the past, we intend]

4 - : r ‘ Judgments in Supreme Court and

iuUX AMINER.

- a Re Bi, KIC oe

Tt coe We a : eS * ni Twenty-Fourth Annual Report the Bank ef Prince Edward Is- lowri anc.

The pevod which has elapsed singe the last Annual the Shareholders has not been marxed by much commercial activity or revival in business. Consequently, the tran- sactions «f this Bank have been comparatively himited, but yet the result of the year’s work, taken by itself, has, in view ef all the sur- rounding circumstances, been deeitledly satis. factory, is will be seen by a reference to, and analysis of, the accounts as now submitted,

The nes profits have been $17j290.35, out of which the Directors have paid the sharehoid- ers two Cividends of five per cebbeach on the facial value of their shares, amounting to- gether te $12,090, This left a balance of pro- tits on the actual business of last year of $5,- 290. 35. ¢

But the evil eifects of the financial crisis of former years have continued to be felt, chiefiy in the depreciation of the assets of es- tates indebted to this Bank, which were, when we last :uct, in the course of liquidation, and from which larger dividends were, with good reason, anticipated. ‘Thus those, which sub- sequent depressing circumstances, have com- petled the institution to accept, your Direc- tors hava, as the result, and after a very care- ful review of the general loans of the Bank, felt theraselves cailed upou te write off, for badand doubtful debts, the sum of $3,527.04, only $475 00 ef which, however, have oceured in connexion with the business proper of this last year. This still lefta balance of $!,763.- 31 of lastyear’s profits to be‘added io the former balance of protita on hand to the credit side of ihe account.

The continued commercial and othef general

2

5 : la tar } Li. re) } [7 4" “, busines: depression (as is well known by every

‘ leeting uf

observant person} has caused a most distine- tive and serieus decline inthe valine of Real a . } . 3 3 ' ae. ;

Estate, which has induced the Divectors to

review the assets of the Bankia that connec- tion, and, after careful consideration in exercise, as they think, of a wiseland prudent discretion, they have decided to reduce the credit side of account to the extent of

$5,000, on account of estimated shrinkage in

the value of real estate securities held by

them, in respect of debts contracted in former vears. All these items are particularized in

the accounts submitted, whica, after provid-

ing forthem, exhibit a balance or reserve of $43,457.85 in hand to be now carried forward

tothe credit ef the bank for the ensuing year.

‘Tbe yenerai inactivity and insecurity of local business has -caused the discount trans- actions of the Bank to be, to a great extent, restric:ed; but we are glad to be able to state that eur transactions-in Fereign Ex- change and in Conneétion With Hine facie lities for moving the procdace of the country to market have been large and satisfactory.

We ‘ook forward to an increase ef activity in business during the coming year. It is evi- dent tliat a large quantity of grain and other produce of the farm will go to foreign markets in the spring, as considerabie purchases with that eid in view have already been made.

Altiegether, your. Directors do feel hopefui that tie lowest tide has nearly, been reached, and that an improved state of business is at hand. dosePpu, Hensiey,

President. W. W. Lorp, J, LOoNGworTH, . Hearn Havicann, RicHARD HeEanryz, JAMES PBAKE, DantEL DAVIES,

Charlottetown, 2od March, 188.

the

he following Resolutions were then unani- mous) y agreed to:

Thi.t tie Report now read be adopted and printed fer the information of the Stock- holders.

That the thanks of this meeting be given to the Directors for their very satisfactory man- agem 2nt of the affairs of the Bank for the past year, and that the sumof Two Thousand Dol- lars Le paid to the President and Directers for their services, to be divided as may be ordered by the Directors,

The meeting then proceeded to ballot for Direc tors for the ensuing year, when the fel- fowi.g gentlemen were re-elected :-—

Hen. Joseph Hensley, Hon. D. Davies, Hon. T. H. Haviland, Hon. J. Longworth, Hen. W. W. Lord, R. Heartz, Esq., and James Peake, Esq.

JoserH Hrnsiey, Chairman. Charlottetown, March 2nd, 1880, STATEMENT. LIABILITIES. Capital Stock, ; Bani: Notes in Circulation, Amo nnta due to other Banks, 58,917 70 Deposits at call, $53,112 5] Depusits subject te notice,

Dividends unpaid, .

246,773 50 1,590 00 ——-—— 301,477 02

Net Prolits on hand, 43,457 83

ee

$700,642 45

ASSETS. Specie and Dominion (legal tender) Notes, ; ; . $ 28,326 73

72,885 61 5,155 49

In bande of other Banks. Notes and Cheques of other Banks

Bills Receivable, . , ; 184.299 32 Cas. Accounts, : ; ‘ 186,832 62 »Casa Accounts secured by Mort-

gage, ‘ ‘ ; 110,013 62

Mortgages, ; ‘ . 98,255 85 tes] Estate, . ‘ ‘ 14.873 22

$700,042 45

PROFIT AND LOSS ACCOUNT. To Dividend, June, 1879, _. $6,000 00 o do. December, 1879, . 6,000 60

‘¢ Interest on Deposits, 15,634 $2

‘* Josses written off, $3,527.04

‘+ | oases written off, shrinkage in value of Real Estate se- curities, .

5,009 00 $8,527 04

“ Incidental Expenses,$9,369 35

“oN ., B k ew Isaue an 917 00 10,286 36

Notes. ,

or

Serr ree

oe

CaN) Mae ae

wy >.) i NY + YD i= ; : ——_ _ i HRgian Not Prohits on hand, 43. $57 §3

389,906 04 $46,694 52

Bea fiw wa AD sd2% 41 > W1US LUI year, 43,213 42 a ’

}

Se : wiki nie

| By Bal. on hand 3rd March, 1889,

** Gross Pr $89,906 04

J. R. Brecxen, Cashier,

| LOTecspongence,

Ko , 2 ; 7 . Bx MWe ao nor hold Ouse lv a responsible ior

i. ; . es . > . the stilements or opinions of Our correspondence,

The Sugar Duties. Zo the Editor of tie Exaininer.

I regret very much that Mr. Newbery could not make it convenient to accept my proposal. i feel assured that the decision of three of our ceinpetent business men would have been re- ceived by your readers as a correct conclusion on the effect of the ‘Tamil.

You will parden me far saying that, in writing these letters, | am neither uader,the infinence of a Free Trade erase or anxious fer notoriety, as Mr. Newbery kindly. intimates ; but rather to promote decision and lind out the truth. Lhave always been ander the im- pression that gentlemen afflicted with lunacy calculation, and shat the

mental aberation is sometimes sees, In aceepting high-sounding names as substitutes for practical business maxims; and in an inability to descern the difference

> . inaica 4 al

is lls

avoid iairt ana exact

pei eats , bie? evigence of

pebween a mythical. nonentity

conclusion.

and a

+ ey ee | Rnntnas,, /lece iraw that sugar was worth In boston iieSs draw g

back) $5.10 p. cent., and that Redpath’s price was 5.37} p. cent., making, inghis own figures,

He saye ‘‘that my evident intention, by this, is to convey the idea that the consumer

lost the difference. Mr. Full (he saya) in his caleulations entirely ignores the duty paid on the raw sugars used by Redpaths,

ranging irom 33 te 40 per cent., ete,, ete.”

My intention is to show that our consumers PAtpD the whole difference of 64 per cent., and

that how much of it went to the Government has nothing with the matter; as we paid in

1879 more duty than in 1878, without ceunt-

ing what we paid indirectly through Red-

paths or any other Dominion manufacturer,

and that if we would have a correct estimate of the year’s expenditure, we must add the difference between the eost in Boston in 1875 Land the cost in Montreal in 1579, to the bal- ance of our imports, Te wales No Witerence, 7 ts far as i am concerned, where the money went. lam only trying to show how much money this Island paid in 1879 as the effect of the N. P. And any same man must see that if, in 1878, we paid i2 per cent. more duty ou what we did impert, and at the same time tle goods we bought of Dominion manu

facturers cost 10 per cent. mere than what we imported in 1379, cost duty paid—we must, of necessity, have paid the extra 12 per cent. and the extra 10 per cent. And make up the estimate every way we may, there must be a balance against 1879.

The question is simply as follows: If in 1878 we consume: a certain quantity of goods at a cost of $1,719,000, what did the same quantity of goods cost in 1880? Ind878 we paid so much money to the foreign merchants for our imports, so much to the Government a3 duty. in 1879, for the same quantity of goods, we paid so much to the foreign merchants, so much to the Government and so much to the Dominion manufacturers. Now, in 1878 the Revenue returns shew the total cost of the whole quantity, including first cost and duty. Butin 1879 the Kevenue're- turns only show what weimpert and what duty we pay, and not what the eost is of the goods we buy of Dominion manuiactures (to replace those we imported in 1878) and to es- timate the cost of these is the whole difficulty, I contend that adding 30 per cent. to the dif- ference of the two years will give the lowest probable amount that has yene to the Dominion manufacturers.

The following are the figures on this basis:

EXPENDITURE FoR 1878.

‘a > +7 saa an exact differnece of G4 p. cent.

To paid foreign merchants for goods

at first cost , . $1,453,000 6 Duty to Government 266, 000 Total Expenditures (1878) $1,719,000 EXPENDITURE FOR 1879, To paid foreign merchants for — goods at first cost 31,016,000 duty thereon 278,000 the Deminion manufac: turer for the goods purchase from him, adding 80 per cent to the foreign merchants price, viz : $437,0000 cae 230 p. c. 131,000 563,000 Total expenditure for 1879 $1,357,000 Deduct the total for 1875 $,719,000 $138,009

Leaving a balance of vi —which has gone from this Island in 1879, mere than in 1878 for the same quantity otf goods, as the result of the National Policy.

The amount of $437,000 is the difference in the two years’ importation (direct and indi- rect, as shown in my first letttr. Now, I contend that if this whole amount was made up of granulated sugar, and that if it repre- sented the cost in Boston in 1878 of 4,000 tons of sugar, that to find the amount which we would have paid for that sugarto Redpath in 1879, we must add 64 percent; and that whether he paid 30 or 50 per cent. of it to the Government makes no difference as to the amount of money which has gene from this | Island. If the proportions of the above amount, whica i this city has paid, (perhaps without perceiv- | ing it) was to be expended in private improve- ments, it would keep at home 40 or 50 of the mechanics who are now going or have gone to the United States.

In coneluding my remarks upon this sub-

btn eens |

4 dangers,

-- es

“NO. 87

aaa

3, L880,

ject, allow me te say that I am conseious of |my inability te present this matter as plainly |asit might be done ; and, perhaps, if I had ;made my meaning as plain as I ought, Mr. | Newbery and yourself would not have mis- | understood me. Thanking you for the space you have given me, [ remain, yours truly, Gro E, Furi, <hr enlinitianidielattitada Disorderly Driving.

Vo the Editor of the Examiner.

®ir,—Disorderly driving is becoming ) nore prevalent every day in Charlottetown, ‘and if if is not put a stop to soon, it will be |dangerons to walk on the streets. I have | been watching day after day and seo that | disorcerly driving is becoming worse every day. ‘There is hardly a day but we hear of children getting run over. The sooner this is stopped the better for the citizens of Charlotte town.

|

A LooxeR-On, Ch’town, March 2, 1880. >> CHABLOTTETIOWN, March 3. To the Editer of the Examiner. ‘* About ten o'clock last night the police discovered the door of Mr. J. MéKay’s jew: elry store open. On entering it with the pro

stolen. ‘The police register every day contains reports of store doors or windows being found- open or insecurely fastened,”

The paragraph appears in the | Patriot of the Zkth Febraary. It is wholly

, a007e

in my letter of the 15th, J st at the|untrne. At cight (not ten) o’cleck, MeKay difference between the first tof granulate | deft the store ior a jew wdmenis, and ne sugar lil Boston, and Redpath S price in Mon- light being } urning, did not consider at treal, was 64 per cent, Mr. Newbery says} necessary to lock the door. During his

brief absence, a customer called for an article left for repair, and finding the place in darkness, lighted the gas. Immediately after doing so Mr. MeKay returned.

The Patriot hag a peculiar mania for con- veriing molelills into mountains. The Police Register ‘‘contatms reporta of store doors, &c., being found open” enly when such are reported by-the night: watchmen. The police have nothing whatever to be thanked for in this er many other matters ; and it is only that honor may be given where it is due that I notice the paragraph. The citizens would be mest happy to feel thai our police are vigilant, but they un- happily are forced to believe them quite the reyerse—perfectly sinecure. Yours, &c.,

Viet. ~ @—v0ems ----- —— Peter Simple’s Advice for the

Times.

Fansers look out this season for im- proved breeds of cattle and sheep.

Men or BustNess, see if something can’t be done towards seeuring steam transport ior live stock.

Youna Man pause to think whether it would be bettor to take a farm in P. E, Island before leaving a good home and a civilized community to enceunter the labers, trials, difficulties and risks of a pioneer life in. a new country among barbarians and buffaloes.

Makcnu is the month for mussel-mud ; but be careful not te lay the mud 6n teo thick.

Ledger Lines.

Tare and tret, gross and net,

Box or hoguhead, dry or wet ; Ready-made of every grade, Whoslesale, retail—will you trade? (;oods for sale, roll or bale,

Ell or quarter, yard er rail,

very dye, will you buy ?

None can sell so cheap as [.

Thus each day wears away,

And his lair is turning gray ;

He nightly looks o’er his cash books, Counts his gains, and bolts his leeks, Bye and bye he must die!

‘Then the Ledger Book on High Will unforld how he «old,

How he got and used his gold !

Nors, —‘‘ Perish Commerce! Let the Con- stitution live !’ was once an utterance in the British Parliament. If any member of that august assembly were to ropeat it new, he would prebably be sent te Coventry or to the Chiltern Hundreds.

; 2so- ———

On Monday, the 23rd ult., an accident of a very painful nature caused the death of the eldest son of the station agent at St. Peters —Mr.J. Bambrick, ‘The boy, whowas about four years of age, went down siairs in night dress, and must have gone too near the stove, His father, who was out for a moment, on en- tering, met him at the docr with his dress on lire, and extingnished it, His injuries were so severe that the best medical skill was of no avail and he died of the effects Monday morn- ing last.

calienihiieacecmtce

EMERGENCY Mexrixnc of Alexander Royal Arch Chapter this evening, at 8 o’cleck, in Masonic Hall, Water Street.

Tux Lieutenant Governor will open the Legislature. to-morrow afternoon at 3 o'clock,

Late telegrams from San Francisco repert the formation of a vigilance committee, whese duty itis to watch the turbulent workmen and repress ali disorder. No actual attack has yet made upon the Chinese, but the Ex- ecittive Committee of the Chinese Six Com. panies have advised their countrymen during the present uncertain temper of a portion of the people, te close their places of business early in the evening, absent themselves from the stréets, and be generally sober, watch- ful and prepared. The general expression is that in case of any overt act the conflict will be short, sharp and decisive, and will result in the thorough settlement of the question. The only fears expressed are of fire, which will be guarded against with the greatest vigilance,

re sie eee <2 a r

sana

_

prietor they fennd that mething had been ~

eT

ee

=

es nein

=

= aes me

—

ee