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THE MURNING GUARi)IAIi
SATURDAY, MARCH lil, 1934.
THE RATE OF INTEREST.
Seven years ago Dominion ll per cent
debentures were quoted at 1015. They are
now quoted at about iid. This does not indicate any depreciation in the credit of the Dominion, which was never better than it is today, but it indicates s very different condition of the money market
from what has prevailed In recent years. Hon. Mr Fielding who was able to borrow in London on Canadian account. at less
than 3 per cent a few years ago now finds it inconvenient to renew the deben-
ture which are falling due, and is report- ed to be holding them over, or borrowing
money temporarily of the banks at 4 or ii
per cent, Some Opposition newspapers are referring to these conditions as indica-
tive of the waning credit of the country under Liberal rnlc,whlch is mere childish- ness. Relatively to Bri ish Console our Canadian Goveriimerit securities never
stood better. Money is much dearer than ii. was and the same credit will not un-
able a borrower to procure it. on the same
rate of interest as in years past.
But dear money has an important bear-
ing upon the Grand Trunk Pacific bar- gain, as we shall sec. The Government has undertaken to build a first-class rail-
way from Moncton to Winnipeg and to lease the same to the Grand Trunk
Pacific Couipany for fifty years at a rental of ll per cent on the cost. The work must be built at once. “We can-
not wait, becausc time does not wait," Sir Wilfrid Laurier has told us. Hence
the money must be borrowed as the work proceeds, big money too, and we must
pay for it such rates of interest as the market calls for. We must pay this ln- tervst during the progress of construction. and until the Grand Trunk shall begin to
pay its rental ciil per cent.. There will
be necessary depreciation of the road.
Bri.ii:es and station buildings will be- come old in fifty years. Of course the Gcmpany must keep them in repair, but the difference in the value of old and new
buildings, masonry, bridges etc. will :be the country's loss.
All this time the Company will be pay-
ing biit il per cent. It is certain that the Government cannot now borrow the money required to build the road for ll
per cent. llow much more we may havc to pay can only he guessed, And of the
future, who knows? The present condi- tion of the money market was not anti-
cipated when the Government undertook
this gigantic contract. In the fifty years
to come there may bc many such cases oi
financial stringency, possibly much more
severe than the present. Canada may be
compelled to pay 4 per cent, 44) or 5 pct' cent io renew her borrowings before the
half century elspscs, and all we can get
back will he a Il per cent rental for ii. pirt only cf the time we are paying the higher interest. rate, and suil`ering from the de-
preciation in the value ofa very costly work. The outlook is not a roscate one.
An Absolute Necessity.
So Tliiuks At Least One Travel-
ling Mzin.
Iwoulil as soon think of starting out
without my mileage books and grip as io start outon a trip without a box of Stuartls i)y.~pcp.~in 'l‘ablct.~i in my vnlise, said ii triivcling man who rcprcsenis a St-. Iniils hardware house. Why i Because I have to put up at nil kinds of hotels and boardingliouscai have to cnt good,bad and indifferent food at all hours of thc day and night and I don`i believe any man`s stomach will stand that sort of thing without pretest, anyway I know mine Wonn't.. It has to iiavc something to break the fall and Sr.uart`sl1y»pep,~1in 'lyrbigig i_~ the crutch l fallback on.
My friends often "josh" me about It,
teii1ncl`m -in easy mark for patent medicine fakers, that advertised medi- cines are hninbugs, elc., ln1tI notice that they are nearly always complaining of theiriiohes and pains and poor digestion, while I can stand most any old kind of fare and feel good and ready for my work when it needs mc, and lbelleve I owemy good digestion and sound health to the daily, regular use of Stuart'a Dysdepaia Tablets, year in year out, and all the "joshirig" in the world will never convince me to the contrary.
I used to have heartburn about three
timesa day and a headache about three or four timesa week and after -standing this lor four or five years I began io look around fora crutch and found it when my doctor told me the best investment! could make would be a fifty cent box of Sl-‘ll\°L`S UY§D6l!sia Tablets, and I have invested about fifty cents a month for them ever since and when I stop to think that that is what I spend every rlay for ltlilara, I feel like shaking hands with my- self for Ioan keep my stomach and digestion in flrrr. class order for fifty cent. a month. 1don‘t care for any barter lifg insurance.
My druggist tells me they are the most
Dennlar of all stomach medicines and that thu have maintained their popularity and '°°°"° NMI* N101 do as advertised. Ther brine main, aaa marie an vase. count In n patent medicine as much as in selling barbwire.
I
L The legislative session is now close upon us. We must now prepare for politics.
In reply to a question the Finance
Minister the other day admitted that a
temporary six months loan was placed in London last. October ol £500,000 at.'4§ per
cent and another of £&)0,000 in January at 33 per cent for four mouths.
Apparently the Japanese invasion Of
Manchurla will when it takes place, be Imade from Korea, across the Yaiu River. it may yet be a month befoie the forces there are sutilolent to bring about a west
battlc although our despatches indicate ‘an earlier conhlct.
They matter of the Russian cruiser
which overbauis British merchant ships in thelldedlterraucan has been brought up ln' Parliament. This cruiser makes use nf neutral ports 'While <!0I1dU0i-IDB what are purely naval operations. Some day there may be serious trouble over
this sort of thing.
The new Militia bill introduced by Sir
Frederick Borden contemplates increasing our small permanent force of 1,003 men
to 2,000, with an increase of pay from the present rate of 40 cents a day to 50 cents. And the time for annual drill of the active militia will be extended from 16 to
30 days. Provision is also made ifor en- rolling cadets-school boys of 12 to 18
years as junior or senior cadets. The seniors of 14 to 18 years may be attached to the militia for drill and training. This will interest the boys.
THE ED|TOR’S MAIL.
SIMPLY WADING-
S111,-What arc the Chief of Police and
his assistants doing about the City By- Law re removal of snow from sidewalks? The citizens are simply wading through snow and slush day after day; put it in force.
Rvelsn Boora,
WHO WAS ST. PATRICK? '
Dear Sir:-The Guardian of the 17th
inet contained a lettersigucd Hrsromeus which deals quiterecklessly with pretty generally received opinions touchinil the lifc and work of St. Patrick. It has perhaps seemed ill-timed to our Roman Catholic brethren who might well feel that Patrick was theirs If only by statute ,of limitation. In the same issue another hand deals more gently with the feelings evoked bythe occasion, rind much more indulgently with the fooolish old tradi- ticns.
T0 me it has been a source of curious
sprculfiiiori to rind the two, so tiiifcrerit in spirit so close to- gether and so uusconscious of
each others presence: and I looked forward with expectation of something dpeciauuiar to happen when the clilvalrous Quixote should realize the situation, put lance in rest and charge the wind- mill. llas the Don been convinced of the folly of creduliiy,: or has he, recognizing the character of thc times on which we are fallen, nnd assuming, as well he might, that llisioricne-i wrote on the day of election, granted a generous discount for the irredeeinable (not to say the irre- sponsible) in the plcflges of the latter. If tiicsc considerations have restrained him, Ilionor his largrcss oi' view and rejoice in his sense of huirior.
(lid fogies amor-g ue may not apprehend
that Ilistoricns meant to bc histrionlcus- albeit the ciiornl interlude from “Old llallnrl" has decidedly the ilufi' of the sock, and they will look forward to the appear- rincc of the catalogue of authorities, rcvi:-eri to make good thc assumption "every iiistorinn knows." Pending its appearance they will find some reassur- ance in the concess-1io.i“iie imlongcd to the Christian Catholic cl'iurch"; while in the matter of what lumierlintciy follows they will probably be guided by thc :rc- ce1lentof'I`l\ompson Dunbar, and rt-fuse to close their eyes till convinced that they are flcari.
Yours very truly,
I)oi~1i111.1s.
A woR1HY DONATION.
A short time ago the members of
Kimberly L. T. B. Lodge held ri very successful social ln Wright's Hall the proceeds of which they decided, owing tothe severity of the winter, to divert from the True Blue Orphanage and devote _to the relief of some of tho deserv- lniz ubq; ofthe city.
On Saturday the money was equally
divided and rent out to the pastors of the several churches of the city accom- pmird by the following letter which spen rs for itself.
' _ Charlottetown,
i)r:An S111,-On March llth the "Loyal
True Binds" lvclrl a social, the proceeds af which were for the deserving Pro- testant poor of the city. The committee in charge have decided
that the better way to distribute the same is to divide it equally among the churches; they to use it to the best ad- V|“|f"R\‘ for this purpose. Enclosed find the sum of fourdollara($4.00) 1-7 of net proceeds. being amount allotted to your church.
Silhled on behalf of Lodge,
Gao. W. llaotuon, W. H., Emanuel E. Maouioo. R- Seey.
L T B. No. 178, .
ANI] VIIIIIIIII
Thus. Welsh returned home from Ox-
ford a few days ago, where he has spent the winter.
1). McLure of Union Corner spent Sun-
day in this village, the guest of M. C. Iand Mrs. DeLaney. I Our bustling merchant, M. C. DeI.aney, ,is doing a rushing business in spite of cold weather and bad roads.
Amos McWilliams, one of our most eu-
terprielng men, is now busily eukaged in supplying thirty cord of hardwood for ‘the Tryon Dairying Co'y. The wood has to be supplied in three foot. wood so this entails a great amount of labor.
Merritt Dawson has returned home
after spending a very successful winter in lumbering in Oxford, N. S. Mr. Dawson was head chopper for the firm and be speaks highly of\the commendable manner in which his employer used their men.
Quire a large number of our fair young
young ladies and gallant young gentle- men left this village a few evenings ago on a starlight excursion across the shin- ing expanse of ice, which now spans the Tryon River, their purpose being to visit a newly married couple who reside on the other side of the river and to heap their congratulations on the already over- burdened and hBDP.Y couple. The desti nation was reached by the young company without very many mishaps. Afterafew hours were whiled away in pleasant games and amusements, and the inner man refreshed by a sumptuous re-
horses prancing and bells jingling. In some way that cannot be explained the drivers missed the track and although the delay was unfortunate yet it was by no means unenjoyable for merry peals of laughtcrand rippling notes oi song rang out in the starry stillness of the night. At Inst having regained the right track, the shore was reached, where the sleigh- ing party_ dispersed bearing pleasart memories of the enjoyable eveni it spent.
Tiicrc is ifiicumonia .
` on Every Hand.
Three lieailis in One Family Re-
cently Arlses From Neglected
or Uncoutrollable Colds.
Pneumonia is second only to consump-
tion in the number of deaths which it cnuscs and like consumption always has its beginning with is cold.
At this season you can scarcely glance
over a paper without seeing the record of several deaths from this dread disease.
Gold in the head, fever and chills, a
cough which gradually becomes dry and more painful in the chest, rapid difficult breathing, feelings of exhaustion and ds- pression-these are: symptoms of pneu monia.
You can prevent and cure pneumonia
by the use of llr L‘hase‘s Syrup of Lin- seeri and Turpentlne, thc greatest of all treatments for the throat and lungs.
The only safe way is to regard every
cold as serious.Th|nl-1 of thc dreadful pos- sibilities which accompany every cold. Remember that pneumonia and consump- tion are the frequent outcome, and cure the cold before it gets beyond your cun- trol. By fr- quent doses of Dr. Cl1ase’s Syrup of Linsced and Turpeniine you can quickly breakup the cold and guard against dangerous developments. No treatment was ever no successful for this purpose.
Dr. Chase's Syrup of Liuseed and Tur-
pentlne, 25 cents a bottle, family size (three times as much) 00 cents, at all deal ers, or Edmanson, Bates 8; Co., Toronto.
To protect you against imitations the
portrait and signature of Dr. A. W. Chase the famous receipt book author. are on every bottle.
1
_ Testimonials from lead-
ing farmers aud business men in the country to- gether with those from a great many in the city. ought to convince people that
The island Condition Powder
is one of the best sold.
_ As a blood purifier and
tonic it has no equal. Gives a loose coat-a glossy hide and puts a horse into condition in quick shape. Good for
liorses, cattle, sheep, hogs, '
etc. _
Q,Mal:ee hens lay. 1 Price 25c per lb.
_ A.W.iicddlii l’hm.B.
Sunnyside.
past, the merry baud left for home with`
I vrl in
was around the hundred mark. This shipment makes a total of seven fat cattle that Mr. Dawson has sold this winter at the same price.
Our farmers are now busily engaged in hauling mud and mannres for their farms. Much mussel mud is being landed at Albany in carlouds, but many are hauling from Bsdeque mussel beds. This is along distance todraw mud but they claim that they get better returns from this mud than from anyother kind of manure.
l9,000.000 I EWS_|_H TH E WORLD
Basmz, March 16.-Professor Human,
who recently made a rough census of the Jawsof the world, concludes that there are now nearly 11,000,000 in Europe and 8,ilX),000 outside of Europe. The United
States has1.000,000. Britain has $0,000.
ciifr To slate sociriv.
LONDON, March 10.-Yesterday after-
noon u gentleman who declined to leave his name called at the Bible House, Queen Victoria street, and left a Bank of England lute for 5,411) fit the general purpolesof the Bible Society.
HE'S PERFECTLY CURED
Tbai's Maxime Boucher's Statement- Had Kidney Disease-Used Dodd's Kidney Pills.
Hnmnunsrown, Que., March Zi.-
(Special)-For twenty-five years Haxlnie Boucher, of this place, sudered from Kid- ney Disease. Its aches and pains and feehleuess had become eo muoh a part of his daily life and the different medicines he had tried had done him eo little good that he had about abandoned all hope of ever being better.
But Mr. Boucher read of so n-1 ir cures by Dodd's Kidney Pills that he 1 -- ived to try again and the result is he is at with a statement that tells of his long suiisring and ends, “I am perfectly cure l, Dodd's Kidney Pills did it."
It is never too late to cure your Kidney
Troubles. Dodd's Kidney Pill- ,.3 ways cure them. ‘
COMING EVENTI11.
City Council meets on the sew-rid Mon :layin each month. Dr. F. lf. ` Kelly. Mayor; H, M. Davieon,City Clerk.
Always Reliable. We can always depend upon Kizsnm ous Luviusnr. It is always the same.
E. S. DIBBLLEE.
St. John, N. B.
Bonn.
At Hillsboro St., city, March iii to the
wife of A. E. \Villlams, a sou.
Wear Weeks” Nolhlby Hats.
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THIS IS
-Fr* »r..ii|tlli ~ -=_~
|:'ervn\&1 _ 1
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LEAP YEAR
but don’t be afraid to look your best. The girl who app: eciates your tailor-made garments as cut and fitted by us shows that she likes to see you present as good an appearance as other men, that slie is proud of you and will make you a good wife. Please her and your- self by always ordering your clothes here.
l0Hli iicLil0D 81 Go.
lenders for Heating New Market House.
Sealed Tenders addressed to the
undersigned and endorsed Tender for heating New Market House. will,be received at this office until noon on Friday, the 25th inst., at 12 o’c1ock. from any person or persons willing to contract for putting in the heating machinery according to plan and speciication to be seen at the office of the City Surveyor in City Hall. The Council do not bind themselves to accept the lowest or any tender. _ Each tender must be accom-
panied by certified cheque of io pc., of the amount of tender and made payable to the City of Ch’town.
If tender not accepted cheque
returned. v
By order
W. W. CLARKE, City Clerk.
City C1erk’e 0$ce, I
6 ~- qt _
-,~, ,;.; ` 'ras compras, cnnwrrsrows, im1Ncssnwal.nIer.a1ro,uain.n ar. rm' , ' 1
\ \"\ ~.- kv -, = =
_ 11- isi ga
*I* hOur foremost fana_ar,.S. N. Dawse»,|= .
I _ .ll ~ - . . - » ., I , , ., 1' » .-.~. ,-_.
liilll II Illlill :.:.°°.:‘.-~1.‘;.i..“‘°..‘:r‘°.=.:°°°.°:*°#:.;- ~ 1 i -nr-
95€, $i.i0, $1.25 dllil $1.35
» KID iililVES
SIZES 5% to 6%
` Sofia pair.
33 pairs of Black Kid Gloves, marked 95c,
$1.10, $1.25 and $1.35 in sizes ranging from 5% to
6% on sale today at
I solar pair.
i’.P rkinsér ..
THE MILLINERY LEADERS,
“ SUNNYSI DE. ”
i -- _ _ - _
mm@
AN INVESTMENT THAT PAID
CANADA LIFE ASSURANCI: COMPANY.
Policy No. 15.605 Life of Lewis Camgbell Date, loth August, 1874. Plan, Life- 1oPaymen .
Yearly Premium - - - - - - 3 Total Premiums - - - - . ~ 3 3.00 Dale of Death, 19th October, |903. '
Claim Paid, 30th October, xgog. Sum Assured - - - - - |1.ooo oo Additions - - - - - - - - - 551.15
Total - » - - - - - 11.53135
Amount of Claim, o~'er 40; per rent. of tctal premiums.
Dividends alone over r cent of total rerniums. '
143 gf r f
Return over cost, $1,165.25 esldes ag years' muiance.
It Pays to Insure in the Canada Life
Rates and particulars cheerfully furnished
E E. R. Brow, W. K. Rogers.
Charlottetow u , Charlottetown ,
Special Agent Hunger P. E. Island Branch,
i. . l-3-2-_'-i
Consign ments Solicited Prompt Return s
RSBBINS & NIULKEY
|05 Fulton Market. New York.
WHOLESALE COMMISSION FISH DEALERS. I.-T‘iS]:1 ! 5"“Es “""' “L”
A S GIALTY.
All correspondence promptly answered, stencils ,ent on application.
S- E. \/'\/»|L..€`/ dr. @3513,
Bolton, Mus Transfer A ents
Refn}r:'ee`Dunu‘a & Bradstreet'l agencies sud Fulton §hrkef National Bank. is-15 3 R wgm `
i _ ` 1
iiur New Spring Hats English and American
are now on exhibition. The 'Wilkinson' and ‘Henry Carter’ Hats have no superior. We have been agents for these- hats for 7 years and we are yet to hear from the first cus-
omer who is dissatisfied .with their wearing qualities. `
They are correct in style, and the values are equal to, if
not better than that offered by any Hatter on P, E, I, _
Our stock.is the second largest in thelcity, you canno.
fail to get the hat to suit you if you buy it at
.p °-.BRUC ,
The Stylish Hatter, Mmris Blmk’
. ._ _ __.__.____...._ss.. , ~ _ -...,_A~
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