- ~'»....___,- w‘ "a :-.- -,

1 thy».

, _ ovary time.

l d “Ho” will eertlinly l - ~ - "reception this winter it l dam - ltnngly hood in our pea dot, for the people are confident W thet they can deal it eoch a 11. nhing blow it will never enrvlue. 1 every village, town and city u: Gouda, fnuiiliuo are fortitying them- glves with‘ t-he greatest “Flu" ani- munition known to science-Buck- Bronchitis Mixture. Cold!» coughs, elm-tho advance guard! of Flu-are met with withering tire, and relief from. these troubles is euro One liuutlrz-d thousand Canadians nre only toowilling to ta_a~ My to the great: healing power this nteniedy contmns. l: has conquered ' (tough: of 35 years’ standing. 1t can- not full to do for you what it has ‘done for others. You have everything to gain and nothing to losc, an i1: in gold under a. ntoitcy-back guarantee to banish coughs, colds, brouchitll. bronchial asthma and provcnt you from gelling the “l-‘lufl’ lt 1s not a gyrup, but :1 sciemitir- mixture, ‘20 {imcs strougt-r than ztnt‘ other cough cure. One 110st: gives instant relief. Price, 75 cents. Take no etibstitute. None gt-nttitie without. my 513118111!!!‘ Ask your tlmggisl’. or by mall T?" W. K. RUPKIl-IY. LlMYTI-YLX. MUTUAL .\."1‘., 'i'()1’.ON'l‘O.

11S f0: m titling Overcoals $35. grade

119.

lust tolelt-‘e cow's in this

Splendid 101. T h cy are bent-y 21ml t-ztrm, sizes 3’ 1t) 31-) greys and bronns, all "11-1-111 ilt 11g 11101511!‘ rt Q- \\'z1- il1l;'\.1ll1t\u;1li'_\'.0t1 sale 1111 clay >z1tu1-1l:1y

Metfs Imported Vtlour Hats Quality

1-- $5.50

Just 1G in t.‘ is lot- all new hzmtlsotne style, grt-cn, grey, braver and bruvm, regular $81.00 quality on snlc while they last

1111-1111 l-‘ur linr-(l Gl0ve> 21111 1111-11; b st MlCllil, all

sizes, rcgular $6 U0

lino on sac Sat

lVL-tfls soft F» lt Huts, :11- zrtrnclivu nssorintcnt cf new shapes, grey, gn-cn t r brow 1, rc ulat- $5.110 and

‘§'l1"1’~‘l1'1i‘b'.'1§1".S“l?-$3.1lll 2i Discount nll Clothlng

for Men

$9,

1.311111111111111

-IT PAYlI to My to tMi wov- 1mg l --8HOP FROM HOLMAN’! can oz.

-CONVALESCENT. - Oliver Rider who was operated on recent- ly nt the Prince County Hostiltal is reported doing well. 11nd expects 111

‘be gum"; home in n few days.

--THE UNITED FARMERS 1n" v.1 151111111 will ltultl tht-it- annual convcntiuu :11 (‘ltarloltclotvn in the l._\'(‘(-lllll 'l‘hr-:11rt= on January 12-13111 1n. 7.30 p. n1. Some of the outs-tund- In; men o1 the l‘. F. Movement in Canzttln will lw 111-951-111 and will atl- tlrcss the 11101-11112. .»\l1 i1\t9rest@tl' 111-1‘ intitml to mtcnd. Prr-stott lilliol Secrctztt-yz t

l 11.

lYl-INVPI-IIKX PERSON}. IS‘

-(‘. ll. llickic. 3111111131‘ (‘1-1-111. was

:1 visitor in Summersitlo ‘Fhttrstluizl l

-- llr. 11111- Callaghan m‘ Qydn-{vl was in Mtmmersidt- ‘Phut-stlttl". II K llr-z". F. 1.. t‘o11nol_\' m‘ lVt-lling- v '11-1.~l1 \\'.l.~i :1 visitor in- Stun-l

-—- .\l1-. l'1":\11k l’(-l't'}'. ‘x110 1111s 511-113, undo-r '.1--;tl1ll:=1ll :11 lhc l’. t‘. Hos l pita] \\".1< fee-ling much improvv ,1 11ml \\'1~1‘.' 1o 111s homc l-‘ritlzty. 1

T111‘. \\'. \\'. 1101111. (‘lnt-rlolieittnizl, . -" fl- Ylw Finn-ire (‘rr-ttnt 11",. L'n._-. Yisltr-tl Kcnsincton on T11R41 _v.-~i{‘

- .\li.~.: Joan \1'1.\'11'.t. lm-ltslnglfill apt-n: tho. wt-t-lt r-ntl 1-1 Uhnrlnttta- 1own.~l~'.. l

trir-uth "will nun-r»: to ‘1 . .\ llt-rthrt Sclttn-tnnrtl 11 1.1 ht:- humt- .~:111'|'r-1"111-;f willt an 111141-11- 111‘ zw-ippry l

1

M-llm- man Illft’

~l~‘1-i->11t'.-s of llr. l‘. are sort-g.- to l1car thin he l" 11' lll :11 his homo. ' on. W. of Plt-Iott arrived <p-'-r1l solut- timt- wirh 111111.

_.\l1-. limb. Spray. mrivctl l~‘.'.~ 11:11: \\"‘1llll§ altt-t- spontlilllz 1w» tvccks x3111 his [lSlFF-RK Z11 (Ytpt- lire-lun. 1

1 ('11., l.o\\'1-r Nlonlxtauv. 1 - -11n.~1l 1'1-~- c1111}: -.tt't1-. spl-tttllut Finis-tutu: 1101i

11:13.1 :11 l\'on.~inclnlt.-—1\'. ~ -.\11-. .\‘_\'tlnc_v lV-ehstt-r o1 (‘t-fifitilt- UrtH-lt, (‘ulol-zttlo. 11¢‘ ~ hi: ltonn- 1-1-1 i\-‘n-<i“4\l‘1n, .' , ‘ tz-irty \' 11> in Folorntjn. 1~' :1 pionw-r o: 11w minim: 001111-

ic

~ .\l1. 1111111.‘. l} 1 .-, 11-.‘ Um»- 1-.- ‘lunzzlon. who 1m . .11

h n1‘ tr Sussex Ii. 1M1

cr-irlt» Thm- 11:1‘

~.\l1'. 1i. ll. ltztyxl. l

' "1-1111-111-11 111st

11;; 1111111 1111- hlninlnntl, whtwt-‘Mc l.

l ll" \\‘Ll.\' (P1 :1 fur lltljritlg trip,

M1111

c111 1111s 0111"

llLl) ENFXJSXI RECIPE I-‘(lll ('5- TAIHII , CATAIIIKIIAL DEAF- l SE55 AND IIEAU NOISE.“-

11‘ you know u! sunlc onn who ic- lruublcd with (futalu-llal Deafness - ttcntl trnlscs or nrdtunt'y r:1ttn1'_rl1 0111i r1111.‘ 1.111s tormttht 11nd hand 1111-111 11nd yon Inny hot 1- hen“ u“.- mt-ztns o1‘ Having some pmtr tmrfm-np, not-hops from 1111111 :l1-t11'11~s.-1. 111‘ l-ltlitliltltl fit-it-ntis (‘or a long tint-g pnst huvtjruct: nizvtl that cuturrh 1s u cynsttttititinul discus-o anti 11c- ccssttrily ruqttixcs constitutional l trr-ntnlcttt. 1 l sprays, lnltulcl-s (11111 nose dntlrrlt- i

on 111-1.- linbln to irritate the tlcllcntt- flll‘ unusual-s nntl I'm-cc 11m " ,'-a.-'-- 111w the ntiddln cor wh |l|ll4‘llll_\' IIVYIHN total dcnfnr-

1.~-

t-ls»: 1111-. dis-oust» may tm down lhr- n11" washout-n towards tho‘ ltmgs- which is r-tlnalt‘ 11:1 durtpcr- mm. Thu ft-llmvtn: funnuln which 11f nst-d g-xtt-nuircly 1:1 thc tlnn||1_ lim-zltslt t-ltmntt: is u. coustlttttmrlul trt-utnu-nt 11nd should prnve t-:l|\o1:i-' nlly clllt-ncimts to .\‘\I1'1'\‘l‘t3‘l‘.~l itcrcl who Iivr- umlnr more fuvurnhle cli-I mot:- comlltir-ns. j Qct-tirt- from your (lrttztclst. 11 on tt-uot “wwmnt (Uottblc etrcnuthJ-I 'l‘-~l<-- 171111 hmm- 11ml add to it ‘,5 pint. o1 hot it-utt-r nntl n littln granu- latrl suuur; -.1ir untll dissolved. 1 1111- t.1l1t._\-|1111111t'\1l fun!‘ times: .. ltt . this will ottcn bring quick tv-h-t front tltstrt-aslnt: hcnd noiscs_1 Flitu-‘gv-l nostril:- “huultl upon,‘- l-Yfilllllilll! llccomc 1.1 ' nntl hearing‘ llflDluYL- 11s tho influmnutitm in tho t-tmlnrhtnn tuhcst n: t-wtlttct-tl. l-nr. mint usctl in this way 11-1-4 (lllt-ul- 1y upon 1.111.- liltmtl 11ml mu - » . 1:11-11 111' the FYSLFHI and 11:. - - 1-111 111711‘. ltt-lps to obtain tttt: dw- .~|1r-:l lt-sults. 'l‘l1t.- pt-tepul-uttutt I-tnty to 111mm, (rm-ts little and . nll-tumult to Luke. livery person, who 11:11- cntnrrlt or ltcnd rmlscs 01- s hard n1’ hoot-int: nhould give .1111: hPntmr-nt trl l

low price at Braces. Summersidc.

in 1

Lwott 111p pooby 1.17.1-

"_ gentlemen?» prize. Miss 1.1.1 Murray

.\I1'. l-‘1-1-.l P11111- 5-1“ - ll’. J. Whitney’, lllissr-s

:.~.1-... .

Lsmt-t 0111111111111.-

‘es. This is a choice article. Saturday price 48c.

‘ling

Waslarn Guardian

-REWARDED.-Mr. Sun 6nd? Stumneralde, who arrested George Moder. charged with the murder of Daniel Barry, o! Pictou, has re- ceived a check Iot- $2fi.00 rrom :1 brothn- o: the deceased man.

n:

-MUD CHAIN! extra. qunlity.

E_NGINES, Separa- 1-. 11111-

—EMPIRE tors, GraimGrintler-s, 1 s. 11;: engine 11 specially."

--$U5$EX TEAM» LEAVES.- The bll-w-‘UX ltockey 1hoys who 11125-7 ed twlth the (fry-stabs Thursday night, 1cm by cnr terry Friday Dunning for their ltotue in Sussex. much pleased with the treatment received at Sununerslde.

. .-_»\.\'I\'l'.-\L QIEETING PILESBY- TERJAN (.‘Hl.'RL‘ll.—-'l‘I1e Annunl Congregational meeting of the

_.FALSE ALARM-A false :1l- Prézblle-flnn (‘lnn-cll, Sunnnersltln, urm called the Sumnlersitle iirc- was held Wctlnestlzty evening when. n-en out ut about 8.30 Friday tnorn- 1'11» tlit‘ cm branch-s i-qionod the ing. i! was caused 11y the fro-"t -:~:1v'_. rogr . I11.»- understood heav-lng one end 0t the R. '1‘. llol- 111111. 111-» business of the Church man Lt/l. building, bursting :1 t-on- is 1n :1 flourishing condition. negation in 1h:- sllrinlilills -\.\'-'~‘H-III and mus 111(- :1l:t1-n1 “'11s 11111011111111“ ally tuz-uid in.

..-ALEX. STEWART, Kensinz- ton, has opened n groc- ery store on Brondway1 the Burns Building. l-le carries o. complete lino o! P111116? family groceries 111111 are $111111"? teed fresh and 0t the bt-st brand. Git-c him :1 call nutl 1t share of your custom.

-NEW ANNAN RACE-Tho big 11111111111 mt-t- lllfi-l 111 New Altman‘ will be ltold this year on Wednes- :i:1.\', Aug-mt 17th. The xmtnagentent n11- mitisitlol-in: tho advisability of

11g :1 uvo tlny-‘s mot-l, 11s 111t- un 1111.1 rat-t» inc-ct has prosper-ml to such :1 tlt-sn-o that 1t has 1111110211. as- sumed the proportions of a County F1111; Spot-in! uttonlirm will be Kit-- t-n to 2111111111.‘ o1‘ 1111- truck with :1

-WH1ST AND DANCE AT KENSlNGTOM-Tllr- tlrst ul :1 sot--

: 01' wh'"- and dam-inc pat-tics 1111-: lull in 1110 SH" ‘l 'l‘l-H‘1l!T<- "I1 \\'ctlnr.<1l:t_s' lllglll. l1 - ' :1 urttntl sncccss. limb whist .111. tltncinr: wort- kcettly vrtjol-Atl l>_\' x111. The ladies 111's! priztY was Won b): Mrs. J_ 1-, tplgt-yp )1; 1_\|-Il<l1'c:l llarrittg ton won 11n- 1-1111 ion llflli’. T111- uontle-tnrlfs first prizt- was won 11;. .\lr. .1. '1‘. .\1\*1l1'.\n. 111-. '1“. .\. llriscoll The t‘luh,_ :111-<-1.< 1m \\'1+1ln1~>-<1:13" niql11s~ K.

wt 1m l‘. l lslztntl. Tht- music 1111111 ' ,. 11-11 61' the lll‘t“.:l'1‘lill will be lrzttttrt-tl qv-ciztlly. -

1 ————< " ‘ 1 .. ~\\'111s"1" .\.\:1> .\1\'s1t'.u..» . - l 1 M ‘ Wbist 11111‘. Xlnsit-nl nix-on by tin-l n l\'. o1‘ ti, 81111111101111110 Founcil. \'o.> 2070 to vb:- metttbers and thrirl l-ttlv Frir-ntls in 1hr‘ K. m‘ t‘. 110mm (‘1-1111-111 on ‘P11011145’ t-t-oninlr. Jun. ll. 15121. xvas :1 111os1-11lt-.\s".-.1.:tt 'lht- -’1~»-1".'.1 ucczt-t-rt-tl 111 1b.‘: city n 1- p 1-11,, ppogq-mtttno consisted otlon Humid} 1111111: r11 1111-111». o'clock \\'ln:t. 1111111 10.20 p.111“ 1111-11 _~. o1" Allnnn- Ann-intuit, npvtl nino dump, ‘lln(-k](-0I] “m; cor1-~.1_ 11111-1- 11-11- 111-10101! tl.-1111:l11-S-1' 1n .\l1-. and 111111-11 111c- prizc winnct-s trot-c ztn- 3111' nouncc-l. .\lr.-. James 11110113111011 111' 110111 Wliicil shc suttct-otl l'o1' tlu-ec yonh 3.119.319 won =1“. tnmes- - llt-r tit-nth is deeply i-cgrrvt- prize‘ M,‘ James Pemioygayu mes-ed by nll 11m- peoplc. Stan leaves to mourn three sisters and two bro- -hc1-.=. Th:- fnnt-rnt took place m1

MINNIE ARSENAULT

and .\l1-. .\. ll. Arsfinnttl- t-msala- A1101‘ Ittllt-llt-Oll :1 10W

21-111 given 1o 11-1111-1112 11P- ltw-Pn nnlnbers .\l ..t-1‘-l:1nc<\ ' . J. R. Kt-nny and .\lt-. 1.. lmlll-tnt-c, $11111: \'t1'_\‘ 11c- ctptztiilv. Musical numbers 1- 1-." ~11 rendered by Pmfc. "

A sud lt-uturc was the illness m‘

thc nlothcr who was sick in bod at.

1111- 11:11:» 01' lhc llflillll 1-1111] 11111-1211. ~-<nsaa-—-——

MRS. DUNCAN MACDONALD

'l'l1-.~ tlvzttlt :.\:~t-\\\-;-:'»1l at tho 1-1» ' t-tlvt- 111' 111-1‘ sun .\lr. 1111111111: . . (‘:11" n. ’l‘ht1.=-i:1,\ t11-_h1| witlou" o1‘ the law 'i.1:-<l0n:tltl 01' Montague. o1" Your only one son t-vi-ct-s. Alt-s. Maodonaltl --l t1 v 11' fl(ll'1lll1'f‘(l mnhh- woman @1111‘ 11nd liuntn-zttr- no l0 H111 .\"t.-:1 11ml sl \\-1-11'. 11.- \l\r~ u-ith ho:- son in Cardigan.

n-llztn, 1 .

(lzallzm- trst-nztnl1. ' '

1

0111101110 0111111111111‘,

Follows Repeated Colds When Blood is lmpure

-____._

ll.\t.ll-‘.\X. .l:1n. ll.--tt311n\'.1tion.< 111111111011 b): 1-‘. ll. .\lc(‘t1l'tl,\' 111111 1 - 1111- 3101111111‘. Nun-l: l-Ix- t-ltztttu 1t .. 3 l, .

Your body suffr-ring from a. gold l0“ M! properly attend to diges- tion and elimination. As :1 result vout- blood becomes impure, it ln-1 ‘lnnm-i the IIHICOll-S ntcmbt-ane ind, ‘rrngs about that condition in which 1 ‘hrmllv. catarrlt occurs and on vhit-lt 1t depends.

Purity- your 1110011, nlnkc 11 clean, ‘n- mking Hood's Snrsatiarilla and t 1-1-1111- bmt-r-ls are not ‘lleallhiully ictit-e, 1:151» Hood's Pills. 't‘hesc wn-tlictncs ltnvc rclievcd. and pr_e< ve-tnml thotlsantls of cases of chron- c 1-:11:-.1-1"l1l Iit-onomt- is one of thc ilfllllg points of lloocPs S.-1r.=a.par.il1:1 . —1011 11111-1»; ln :1 lmttltx Why not get it today’?

A 5111111111111 Saturday Specials 0n Sale January 15th

Ill-lb I‘ l-l.\"l'll.\ I’.~\.\'(‘Y liARBADOl-ZS MOLAS-

5159' per gallon $1.05. RED (‘l-OVER '1‘ l‘3-\ put. up in one pound packag

" :1 .. .. Jru (X11. 21p“:- .

. _ '1‘1-"1...l11l_\'7:'-~-.; 3111} 1S1. .l:m. Pork ‘_‘l:'1-I.

JIHVEL SHORTl-INING ()1- Eggifirgt pound blocks. Saturday price 26c.

“U? 3PEWALS. Santa Claus or regular price 9c. Saturday 7c :1 cake.

l’lll31\'l'35- new fresh stock, good large size, re- gular 25c :1 lb. Siltllfllkl)’ per lb 20c-

BAKING: POlVlll-IR Spegia], CQ]en13n’5 16 Selling price 35c a tin. Saturday per tin 28c. SI-1l’.\R.~\'l‘l-‘. \\-'Hl'l‘E (‘I'I’.‘4. Iyon StQnevt/g1-e_ gel Saturday six for 90c.

KERSEY IIURSE RYG, inch’ Stay 0n fagten.

in one

White Knight

oz tin

11111111111111 11111111 flommatnn

Address 0f the General Manager at the Annual Meeting 0f the Bank

(1111111-11 I

vie-n‘ '01‘ hulking; it. nnt- o1‘ 111t- Yztsl» '

.I1-1"1_\' .\1-sc-n:11tl1, m‘ tllplullct-ia t

hlnntlny zlfternoctn :11 tin-cc o'clock. \

llmt u vol-y

Sir John Ail-d gives a

our llnn or detende. and ill pr loans in New York. call money marlin o! this mutin- ent. thln hu oceulonedjeu aeri- rloe or prom. than ll ulual. ll "W! thrauxhout the wear have ruled l! a high level for that market.

A Connumlh: Punlllllh

This Dank still holds u command- ing position in the development of Canadian trade and commerce. l" current mercantile loans in Canldl amounting to the large num o! $231. 114,772, or $11,925,602 more than I1 year ago. Slrnllnr loaru-t clnctvhr-t-o have also lucrealad bY 31192-11955- Thc other items oi’ assets show lit- tl1~ change, cxcr-nt. Bank Premlacn

comprehensive review of

{he affairs 0f Bllllli fut‘ the 13381. year, alludes t0 ;\\'0mllll1 which has inert-used $158.-

the difficulties caused by

s11 11111-1111: the your. mu" rn-lnctnal

the exchange A Situation dutlnys 1n thln connection helm! on

and the ing[abilit\\' of pyigeg, but den-longtyétgg the tirnnlst-s (or our foreign bronchus.

sound and steady progress

~-u.~i-

\\‘1- lmvv- non 1:111 1-1-11 llphlt :1 w-y. 11111 sin-ti 11>- 11:111- llv-t-n l-mkt-tl f111- ny- t-r slut-- 1111- \-.:|1- 1-11111-11-11111- 111' l='

* m bttnlttt-ss nntt full-- - sutu-tnvnl u 111011‘ w» p1-1 -n1 Lu 1-111: 1111111} is. v-m-t-pt in :1 t-1v|n]l:1l':\\l\'1l_\' 1'~-\\- pttt-tlculnt-s, 4:\1rion<l_-. 1b Yuttl n1‘ important (‘llflllpti 1111111 111:1: --1' :1 your nun.

lirt-lllr-r Proflu

o1‘

1111,21‘ l1. int-rut tilth-mn-ll thi- l‘\‘.\'\\\\\' mil: 11:11» slltt\\‘|l 111111- ztthlillutl 111 ulll’ |ll'u~ nrtly m‘ lntstttnns and the

'l'1\-- tu-t 1 - yt-nr nm- 1- .

l . Th“

llllr§l "f 1h:- _' l‘ 1-1111‘ 111-111 l>1"i.~‘l\ tlt-nnnttt fur tt-ttutcy \\‘||i1-!1 1111s 111111 nll 11111111111111 funds fully 11111-1111-1-11, and p.111» l‘ 111-- '1 ti t \\"1-l\:t\1- - '.'-1|.:111111.1- in - >1n11ns l1 The t-uutli~

lib-h l1:t\"1- prt-t-ttilt-cl ' t\~\' :1\l sutptt- t-nttvtrvlitl :1 \\‘.-t1- 1"|lll:‘Ll~/lllt txll-nur- 111:1 1111' 111111-14 ml 111-- , .

r111- ‘ ‘ll

11ml p111 Isl stir:- 11th- --\'pc1:1 wn~ :1 ' ‘ l

1111 “. --

15111111

_ 111311-111:- unvnrtls tht‘ hotn _\" tau-r \\‘r- 111-1- now t-nlll-(hr-I‘. '.\ 11-1)‘! ti; the Govcrntmants o’ lw- l-K-mlfljl ion min oi the \- rious Provinces o1, cannon, W1- mcrtnrcd our 1-91-1171 |,,,_,1;.,11 101‘ bolt]; promises from- - "W, mo: 3-11-11‘ to $1,110,000 tl1l.-=1 1-111- hinh t-rlsl n1’ nll 111111111111; 11w .tt1-n.= in this cottntrl‘. 11ml <l\\\' \p1-n1ii.tu1'c.- on P\'°\“l-‘\‘~‘ r"l' m“ 1:11 lmtncht-n recently "Pf-fit"!-

' n prudt-nt salon \\'t- 111w» 11 8151x000 to tho uftfict-rs

1

rint- 11 .-

1'-. l4\

l-mm antl 11o“ Account.

.\n.er h“ m mm

1-v- iflf-tifllfitll?

111111-111 of 1111-:

mttklng these npl>1-o1'-l"l=\"' - 1111-». been ti.

1.979.117. . 111m‘ 11ml _\-:\n1". 1~ndillonu :11 . ptt-ntililhl? in £114- w- 11d. and the fnll in -- r~~1 ~ ,1 .. .1111 \.4l'\‘l\\\ n11. 11- utulermitit the secur- lty for vcttnin classes of loans, \\'-~ think it 'w-»1I to Part1" = ' 1" 11-11- npproprlzttctl hnlant-r- -1 l':--t'\1 tmti lions Account n- :1 w tt-Lillflrd nunlnst \\t\c2<1\~"1-‘--t 111:1-.in1L.‘1~'-Il<‘i°>-- l p tn thr- ]ll‘(‘.~4\l.l 1-"1 ltut-t- boon v-x- trt-nloly lhrluttnlv. in that our lntt-r- .=|. ltns hot-n nt-trlihlblc in those h: nchv-s of 11111411101111 most tih-cctly .-‘1f1'1-1-t0tl by the heavy tlt-clittt-s

|11

"Nhl-"ll 11:11-12 tnltt-xi talucc.

llctloslts lucreale

The increase in our notr circula- tlmi is Sfitilnflhit, on indication of :1 large volume of curt-tint bunhicss. small proportion of the Lotnl, which nI-tv stands :11. $30,716,- fil-l. As lluslltt-ss sluc-lu-ns 11nd pric- es fnll wc- nint- mttnrnlly look (o1- FDTYH‘ rt~t1t\t-ti<»l\ in thin ttt-ttt. Ont- dc-

stnnd. :1 lVllul most 1111 1:11 l1-\":~l ..>':1_\1.-:11':t;:-\,l1l1~- 11- cl-t-tt i bt-iny: t.-nl_\' :1 little mm-t- than :1 qunl-tt-l- t 11111111111 tlollnrn. but tlv-pt-slls b1»: m: itttot-t-sl. 1111- most stat-lo. put-l 1-1‘ tb-pttsit bus-inns». hn\-- ilu-lt-ns-nl by tlu- lztt-tzt- 11111 of $1 1114.118. This i.~ :1 ql-zitxyinn; 111111 1't-- 111:1 r 11:.- showingmnlllculutfiy wht-rt t-uttsiclnlw-tl in tbt- light of the total sttliscriptimts o1‘ custonlt-t-s of this Hank to thf- v: rimts Dolllllllnll tint"- 1-1-111111-111. \\':11- l.1:.'1n.~", 11s l'~!|"lll'(l‘4l by

ltlwiut: to thc favorable 1101-11150“ 01' 11b1- rorcbrn exchanxc-s W“ ll-"Y" ‘tn-on nblo to secure prcmisns in 11in ,1|:- Jnneiro. Jamnlcu. T141114“! P-“d ‘not-bade: at a very rensonoblo cont

made by the Bank.

nmt our tittlcc ln Rio dc Jnnr-iro will mlinn public in this nntl nll other h‘, §\l‘la'-(\d in ‘h, hm" ,3; U,“ on. lvnnks arc now ttmtblc what Lhoy mum“ “m, Mlsmvds dlsuq“ “f m“; u-r-rv n1 tht- nutbri-itk n1‘ tho wttl‘ impel-gang gltv. '1"111-1‘c hns llf-(‘Bl on justitlcs tho support gltw-n to thn ;|,(.,-,-.,un m m“. my“; asg(1\s M; g1, umt-rnntcnv. 1n its loan campaigns, 115313 a pompm-nttvolt- tritlht: nrn~ van-n from 11. narrow 11ml selfish “umh point o1‘ view, to any nothing o1‘ _ that o1‘ thc national wolfnro. "Parghx" "rflnphq-A l1: mltlrnrwlnz 311-1 n yew.- :\\_-'\,\\t.- t-uintctl on: 11m up Ltll 1111-1: wt- ‘1~:1d bet-n '- 1 11"! with 1t-- 1- ‘ - twining; for now hr 1- ll( . 1111111. bur 111:1! “t: hr-pt-tl - vlvr- ntu-ntlovl to Fit-chi" H"‘~'- pnllt-y wt- liavc fnlloxvctl in this 1-1-11- pl-rt has: llQPH one of truutitm, slow but 11111-0. and we think that our jtttlxnu-itt 1111s ln-I-n ‘vixlrllcntctl l1.\’ 1111- ooursn- n1’ vw-nts. vs,- ' ' 11H- utisc-ttlt-tl1111;111:4111 1autitliti1viti~ 111w. tart-nailing in (Zubn and 51111111 Aut- t-l-it-n. tlur brunch ut Havana wnn thr- llrst trfbn opt-tied. and wt‘. nrc wcll sautiflllctl with tho prnnrr-ss so fur madc 11ml with 11-111- pruspflcts Yul" the future. Kingston, Jumniv-n, came next in point o‘ 1112-», 11ml tl-trfl‘. too, our hu-‘ln-‘r-s shown taut-client m» wpfPlFl. Our nfriz-n was not onen- ~tl :11 llt-itltzt-lr-nvn. lltti-bntlrts. until wftcl- 1h:- t-ltwsn 1-r tho llunh-‘s yt-nr, whllc in 1111i d1- Jnnoiro and Port of Spain, Trtnidatl, although our mun- rtgers and their staff are now on tho spot. w» ltntv- not yv-t t-ti-‘nt-tl for httnintmx ll 1- brliovr. 111111-01"- lhat mn- t-tttlut-l: in :-.ll llilNF- |ll‘\-.‘(‘5 1.»- lyrigltt.

Drcrcuncnl Government lllllnllcrn

0n 11m mhvi- humi, our tit-posits nut ln-nt-inr; incur-cat. Inn-c (tot-roused h5- $-l‘.’,€75.i53, an 11111011111. 1111110141. t-qual [u 1.111.- incl-uust- in 11111" lnLt-r- --s1. 111-111-1111; d-‘lmsitrt. This is tum-o 1111111 nt-cntzntr-tl fur by 1111- tint-rouse in llmninion timw-rnnu-tiL 11111111161211. ,\'hl1.-l\ 1t 1-1-111- 111:1» lm-lttdt-tl :1 111F151: 11:11"! m‘ thr- proceeds o1‘ thr- lust Victor)- l.o.'|n_ l1 11111141 also bt- 11-- nn-ntlr-l-r-tl that lmth tltr- tlctnnnd for‘ 1110110)". 11ml tlu- fvStlWlllll on the ftn-th-‘r inflation of crctlil. trhlclt we have vn1I--:\\-nrcd to excl-else, u-nd 1o 1101-1111111‘: 1110 buIam-t-s cnrrlt-rl liy bttsiltt-sn hotter-s and large commer- c1111 companics in tltclr current no- t-ottntn. Another cnusc which has tnilitnlctl rtgtiinnt an inr-rr-osc in 1lr-~ 90-41151 Jinn UPI-ll slow mm-kr-tinc: 11f ' year's nrnin. This tends nlso to lmep up loans, for 1f the farmer does not pay his indebtedness. the retailer ls unable to pay the whole- snlcr, and the rt-ltolc-nalci- must. lean n11 thc mnnulactul-er. All nlonlr the lino thr-y will borrow from their hunkcrs tn the fullt-RL cxtont no» Flblt‘. ‘Sou lurh- |"-l1 Grain ‘tut! l-‘nllfiu: Murkctn

Pt-ttltnltl) 111 nu ltmt- ‘z- 1'11‘ I ".41--I‘.\' .11 this t-mnitry llnvo qut-ntions c0n~ trct-tt-tl with tho 1011211711 erxt-ltitnqcn mx-upicd so pt-umlnt-nt :1. tilnm- 1n tltc publlc mind as durln: tho punt yout- 'i‘l1-- clnst-n-x-ts of our 1--- thins “ith 1111- grt-zit l-Intzltslvspt-wlaittz; nntlr-n to [ht- stinth 11f 11v: ivn~t 11-11111» the pt-crnilin‘ l\i- l1 --u Nt-w \'(\l‘lt c. 1 ‘ 111111111411 to :1 \'t‘~1'_\' \‘.\u:1<l- Inns. It has 4-0111" 11-‘111-1- 11111111 not only nn \'lt:1ll_-1' :1"1'1-v-1i1t.:" imp: "t1 or 1-xpor||-|-_-'1l1~nl1nj;' with 1111- t‘ tt-d Rub-s, hut also, 1111101116 111111-1- thinns, 11s lt4l\lll;-; u dirt-ct. bcnrittg‘ on titan} tnvt-nttnt-ltta which tho? 1101:! m- tn buy ul" sell. 11ml cvr-n 11>" 011111111; 1'01‘ s. 111s t-unsttlwr»

1v |'I",'l'\ -1l-l 11- t 1.1 (nflllv-l" 1111s- un-l - - 1111 - zlllutlltl “o t-rvttn-u-ll- ‘ 1- l -_31'uln on n "marltvt wl1i~l1 '11-» ration wry rap- tttlt- »i-1- the time of harvest 11nd ,1 appearance of continuing 1 11-1 so in svmpnlhy with the tram

l 1-1111] r-t‘ littnltn-ns. 1L in vb. '11 ltiglth‘ risky nml unpro- 1'\\:.l\l\ ttt-tw-tr-ttittzr. and likely tn 0nd in 1111 . -i11-,: class blttcrncss. lln- 11\\'|1l't 1 : -l1|- l-nnl cuust-s that gov- 1-1n th-- 111-1-11111- in prices, the farm~ ct- wlll ho apt. naturally enough, tn for-l that nll t-lltflitt-s arc wot-kin: narulttsL 111m. Thc truth nppcnrs to bu 1111-11. uftct- no mnny 3-1-1111“ of rising prices, it. has conic to bc ac- t-t-ptltl as nn axiom that [IFlCPS must t-ontinttc to Pine, nntl count-- qllisflll)‘ in the x-cry your tn which 11.11 slgnn point 1n n tlon-nuun-ll dir- c-t-tlon, the unfnrtunntc farmr-r ft-cls constraint-d to hold hln nrnin, \|n-

111

1.. ‘1,

1__1.1 t)

|ll'>'1 1'1-

of :1 holiday m" flllltrl‘ visit 1-» 1.1111’. cntlntry. Tho \'t-1-_\' ltt-chrtlt-ltlity ul‘ tho subjr-t-t. thu tnystt-ry by which ln the pnptllnl‘ mind thw- wtn-ltln-I n1‘ thc. (‘XOlIIIHKPH is !2\l1'l‘<’i\ll\ll£‘(l. only conscious of the mennlttg n! the servos to tlt-cpcn tho lnlcrce-L fr-lt in qlgne nrnund him. There in nothing" 1t. ln on ondr-nvor to throw Sfllllf‘ in the other items o1‘ our linbllltlos. litzht upon it, cspcciully us civiinect- u-ltlt-h calls for comment. save that ed with the prevailing 1111411 pretti- \-1-- may Hay. in pnnultin‘. llmt 1h!- re- lum for New York funds. wc innut-tl rln-rtlonlln acceptances undc-r letters durlm; tht- your n e-t-rirs m‘ adver- nt credit no 111mb! rctlccts tn some tlscntcnts deulhxc in us simple 11 wltnllt. tho ditiit-ttltic-s which m. the manner as possible wiLb some o1‘ r-zntcnt confront 1111: full-lKll trnlc 1h:- underlying elementary" princi- of 11h.»- 1-“11111-5; T11 llllrl nttbjQt-t wntplcn. Tltesn attracted it-ldcuprcntl 11111111 tt-tl-r attain whr-n tlt-nlinc; with thr- 1'-1\r-.~l<_'n f-‘(I.-h:\n,',;t‘.<, . printmi in the form ot‘ a small bro t-lutt-c for nonrrnl distribution. 'l‘h- subject has .01‘ cnursn. many 'll1‘f1l‘- -11-;.-:1.1"1I cr-w ho (llflC\lélRf'(l from many points ricw. As 1m instant-c we may pr-v utll that tho prom- lum on New Yul-k funds is an us" sistnnce to such r11‘ 0111' exports 11s r-rtmt- into competition 1n the rnrtrlt-