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THE DAIL

THE DAILY ‘EXAMINER.

JANUARY 3, 1888.

The Patriot and the Savings Bank.

Tux balance to the credit of depositors |

in the Government Savings Banks has been by Grit writers and speakers with unconcealed bitterness of feeling. As the balance rose from year to year, the spirits of the Grit party dropped like the mercury in the glass on a cold day.

In our own province the very respectable sum which stands to the credit of our people has been assailed with all the malignity which Grits are capable of concentrating on any object which they conceive affords evi- dence of the progress of the country on the road to prosperity. Thus, the Patriot, on Friday, discussed the “* yearly showing for the past fourteen years, as set forth in the Dominion public accounts,” and sagely concluded that the $2,062,594.69 in the Savings Bank is made up of trust funds and the proceeds of the estates of Island pro- prietors, paid out of the $800,000 provided fur that purpose by the terms of Confedera- ation. “This is the assumption of the writer for the Patriot; and without a shadow of proof we are asked to accept his conclusion. The ‘‘ yearly showing" which he professed

view ed

to give—does not warrant him in this as- sumption. Were not the sales of Island estates

effected shortly after Confederation, dur- ing the lean years of Grit rule, and dur- ing the years when the Savings Bank balance decreased’ These decreases, the Patriot writer endeavored to cover up by the dishonest use of brackets. It is cer- tainly damaging to the cause the Patriot represents if it isa correct statement that the only years in which the proceeds of Island could be deposited in the Saving Bank, were the years of Sav- ings Bank depression.

The Patriot states that thedeposits of 1880 and 1881 were, no doubt, occasioned by the trouble of the Merchant's Bank of P. E. Island, shortly before that time. We think we are correct in saying it was to- wards the end of 1878 that the Merchant's Bank trouble occurred. But it appears no one became alarmed until 1880 and 1881!

If the Patriot has any proof to justify its statements, we would be glad to bear it. We do not think that any departmental statément gives such a showing. We fear the Patriot has been misled by someone who, views with no pleasant feelings any- thing which indicates the growth and pros- perity of any part of the Dominion.

By an official blue book issued on the authority of the government of Canada, we learn that on the 30th June, 1884, 3889 depositors had $1,412,605 to their credit in our Island Savings Bank. This would give each depositor an average of $363 to his credit. Going back no farther than 1873, when nearly a quarter of a million stood to the credit of depositors, $363 represents the average accumulation of each account for fourteen years. This, we assume, proves that the assumption that no incon- siderable portion of the increase was the

estates

proceeds of estates, is only an assumption, with nothing to support so unfoundeda statement.

The Patriot further says: ‘‘ We under- stand that since the limitation last summer of the amount to $300, which anyone can deposit in one year on interest, the de- posits here and elsewhere in the Dominion have fallen off. This shows that it was not the small earnings of the many, but the accumulations of the few that ran up Sav- ings Bank deposits since 1881.” The Patriot must remember that anyone who has saved to the amount of $1000 cannot any more. Anyone who been saving at the rate of $50 a year for fourteen years, would at 4 per cent. interest have $1,000 accumulated in that time. We suppose that there are some accvunts of this class in our Savings Bank. Depositors of this class are pre- cluded from depositing any more, although belonging legitimately to the saving class— not at least to the class of those who have

deposit has

sold large estates.

We are persuaded that the Putriot writer has no occasion for despondency or gloom§, and therefore we bid him to be of good

cheer. ~-_—-

Half-Year Deposits.

The following is a comparative statement showing the deposits and withdrawals at the Saving Bank, Charlottetown, during the first half of the fiscal years 1886 and 1887 :

Balance 30th June, 1886........ $1,728,945.21

‘Toronto “Globe”—Down on the Grits.

_—

Wat has happened? The Globe is coming to a right mind. issue of the 28th ult. we read :—

Toronto In its

‘One of the standing misfortunes of Cana- dians consists in the existence within our | borders of many pessimistic individuals, often active and able, who have no desire to perpe- tuate our confederation, and who further movements, good or bad, indifferently, with single aim to create general despair. For years past these men have been telling the people, who live together harmoniously enough, that it is obviously _ impossible for them to continue to jog along in agreement to disagree about creeds. Instead of trying to calm race disputes, they have seized every occasion to exascerbate these, that Ontario and Quebec, Canadian and Canudien, might join in declaring any political fate more endurable than the continuance of the effort to build up a Canadian nation. They are the wailers over Canadian geography, the whet- ters of every prejudice, the moaners over the wrongs of great majorities, the foes of toler- ance, the enemies of all who counsel the people to make the best and not the worst of one an- another, the magnifiers of business troubles, the spreaders of panic, the groaners over every difficulty in Canada's development. When they joina in demand for reform they ery that life is not worth living without it; when the reform is wrought, they weep that the situa- tion is as bad as ever.”

This will be accepted asa pretty good description of the ultra-Grits.

The Globe sizes up the Commercial Unionists in the following terms :—

“Wreck of the Dominion rather than its safe arrival at reciprocity would appear, in- deed, to be the desire of those who counsel Canadians to hazard everything for the sake of obtaining commercial unioa on any terms. Not only so, but they compromise the pros- pects of success for the movement they pro- fess to have at heart. To proclaim that we cannot exist without commercial union, to argue that we should sacrifice even our politi- cal states to get the boon, is the very method by which our republican neighbors will be induced to withhold it if they have a desire to annex Canada. Does any reason- able man doubt that the ag aap under- stand that? They are too able not to be well aware that they actually obstruct uarestricted reciprocity by declaring, in effect, that the Canadian provinces should even separate to obtain it. And why should they thus ob- struct? The answer is surely plain. Have they not avowed their wish to * smash the confederation into its original fragments ?’”

New Year's Day.

Tue weather yesterday was exceedingly disagreeable. It rained heavily throughout the day, and the walking ani driving was, as a result, very unpleasant. Yet, never- theless there were a good many people about. ; In the afternoon the turnout of the ‘“mummers” was, of course, the great at- traction. At about half-past one they left their rendezvous, and in the midst of the pelting rain drove through’ the principal streets of the city. They midea very good display, notwithstanding tke unfavorable weather. Many of the costumes were new and unique, and the vocorhone band did good work. The one large sieigh was, how- ever, overcrowded. Had ; theyobtained another sleigh and divided ‘up they would have appeared to much betiter advantage. Next year we hope to sce an improvement in this respect. i

There was not so much “‘ éalling” during the day as in former years. ‘‘Calling isa custom which is gradually falling off in Charlottetown, as well as elsewhere, and in a few years will probably become obsolete.

In the evening there were: several private arties, all of which were, vf course, very pleasant. The Excelsior Rink had a large number of skaters, and the ice was in capi- tal condition. The splendid programme rendered bythe Band of the 82nd Battation

added much to the enjoyment of the occa- sion. The Citizens’ Rink: was also well patronized. With a gootl sheet of ice and

appropriate music there is no doubt but all present passed a pleasant evening.

News Notes From Georgetown.

Georgetown harbor is conipletely frozen over—Jack Frost having done the work in one night (Friday.) Several! schooners are caught in the rivers and in the harbors— some loaded with potatoes and others partly loaded. The Plymouth, with 14,000 bush- els of potatoes, was towed itito open water yesterday morning by the Northern Light.

The brig Westaway, owned by Richard Westaway, Sturgeon, and loaded with potatoes by an American firm, left Friday night. A telegram on Saturday night brought the intelligence that she was ashore on Cape Breton shore. Cargo insured ; vessel, no insurance.

The gale on Thursday morning was very severe, and did considerable damage to shipping. Several vessels were driven ashore, and one belonging to Captain Daly, Murray Harbor, was dismasted.

The Minnie, Capt. McLellan, with a cargo of ale and porter for Charlottetown, was aground on the bar in the harbor, but has been got off since.

Georgetown Rink opens to-night. Messrs. Easton and Stewart deserve the thanks of the community for providing such healthy amusement and should be well patronized. By request, St. David's Literary and Musical Society will repeat their concert in Town Hall, on Tuesday, Src inst. Passengers by the Northern Light’ last night were much disappointed on finding that there was no special train to convey them to Charlottetown. Progress cannot be the motto of a department which allows

Added during half year,.... ‘ 5 : salad aaa oe SE so much mail matter to lie over in George- 2,017,137.36 town for 36 hours. NE cut. ade ues cobs 236,534.42} The Salvation Army is almost defunct in ane ——————| this town, there being only one boy, besides otal . . -- ++ +++» $1,780,602.94 | the officers, in the procession or parade yes- Balance 30th June, 1887........$1,884,361.21 | *¢*day morning. Added during half year......... 160,349.99| Some of our “ bad conduct lads” have ‘anant ie been lately transferred from: their freedom 044,711.20) to a more quiet and narrower circle withj Deducted. soos secesseccess 234,072.83 | the walls of the jail. rh Deteh.n<neiiucsoatiinuias $1,810,638.37| Ceorwetown, Jan. 2, 1888,

It will be noted that the withdrawals are

slightly less in amount this year than last

year. This is clear proof that thefreduction of the balance for 1887

greater demand for money, and'strengthens the contention of Tuz Examiner that it is

is not due to a

——: - —,

Weather Bulletin.

Toronto, Jan. 3—10 a.m. Strong westerly winds, fair cold weather.

| Prince Epwarp Division. —Installation of

due simply and only to the order limiting | 2feers this evening. After the installation

amounts deposited to $300.

the meet

ofl bo edkdenee: ' McLiod. seesedl by Rev. John

‘taitinig mbmabers always welcome,

eel

INER,

EDITOR

LETTERS TO THE

—_<--—

Mr. George Macleod’s Speech on Free Trade.

—_--

no, 2.

Sir,—Mr. Macleod quotes figures to show that our neighbors in New Brunswick and Nova Scotia export about 14 per cent. of their potatoes, and 10 per cent. of their oats, and as a consequence, cannot be a customer for ours—strange logic in face face of the fact that we ship both ; to Nova Scotia, from Pictou to Yarmouth ; and in New Brunswick, from Campbelton to 5t. Stephen. ;

This yeer potatoes were shipped by rail in large quantites from Campbelton and Shediae, N. B., to London, Hamilton and St. Catherine, in Ontario, and Detroit, Michigan. The freight to St. Catherine from Shediac being but 18 cents, and to Detriot 22

It is a well known fact that quite a busi- ness has been done for a long number of years back at Halifax, in purchasing and forwarding our potatoes to United States markets. Just as our shippers are finding their lay days running out, they are com- pelled to take a lower figure. And at the very moment, | am informed, a number of large vessels are engaged in loading our potatoes at Halifax—and thus profiting by our insolation. A short crap in the United States means higher prices here. This may be readily seen from looking at the potatoe crop of the United States for the past ten years. And the question will be readily answered, as to why they are higher here this year than last.

Yearly product of potatoes in the United States from 1878 to 1887 :—

Year. Bushels.

ee meer 169,(00,000 Reuss kale eee a 168,000,000 ON ee a Re ee 109,000,000 OS EOP EEO ESOS A IE 171,000,000 Ne ei eee ee -« 208,000,000 cl ceeab va skeet eee 191,000,000 Se. gee od eke eanen nee 175,000,000 Oe oe Jo es be ee ee 163,Q00,000 BOT ecccesis teen oe « 134,000,000

Mr. Macleod has enumerated a number of States to which potatoes may be shipped, etc. ; and in this connection he tells us he had a credit from Savannah for a cargo this year. Well, this is a little too fresh. Potatoes have been shipped to Savannah, and further South for the past thirty years.

In this connection, it will be well to bear in mind that, since 1854, the United States has been opening up, by her gigantic rail - way enterprise, all the great arteries of interstate trade throughout her whole length. It is an almost universal railroad rule: the longer the haul the lower the rate. It will also be well to look at the sources of supply within the United States. The last census gives it as follows :—

GROWTH OF POTATOES IN EACH STATE OF THE UNITED STATES, PER THE CENSUS OF 1880.

Bushels.

NI. ii 6 én nc 0a 08 Wiss wr'o eee 334,925 EN Ss «ose beens coke eeb abe 26,249 DO, «sic dees Knees sab ss 402, 027 tT OETTTITi eee 4,550,565 I in 28 ie ae 383,123 Connecticut. .... padepeswaeeen e.. 2;684,262 Dae 5 bats dan BANS S805 eS 664,086 MPI GS Ui. Sev ec's cin cues stb 283,864 Se ara apes 33,064 Nl alsigehae bas oa oOo 20,222 errr ee eee Ty. 249,590 OE oe ee SS cee isd vnes os 157,307 a e« 10,365,707 NS cs Ci eebh caren bees lscae 6,232,246 RS es eb Chicas d6 ded oh ESS lee 9,962,537 EI NE TESS SETS re aS 2,894,198 IES os cinnnaees ete cnesess 2,269,890 SUE. yoke oo duis 180,115 0 ee ( sierissete ci 7,999,625 Nn suins's 5 os deuucets acne 1,497,017 I ie ll 3,070,389 ee AREER TE ee 10,924,111 EE a ee ae 5,184,676 DI, cgh% wédieu ss Senduned «. 303,821 a ei ee 4,189,694 NN D4. oe te ieee 228,702 eS ee Senha dee es 2,150,893 OR kg goin. Ch ob a 1b ae 302,143 OW SIUMUNIED «cco vksct revs ced 3,358,828 Mew Satna o.oo i oncsnagiceenenes 3,563,793 Mew Meee ris ition as 05 21,883 New York.:... estes dase nee 43,644,807 North Caples. ai dccesctsvesses 722,773 Ohio cose cer eseeseeeeeses arevced 12,719,215 NOON ok oe 4: ek te + Cha ieee < ee 1,359,930 Pennsylvania. .........00.seeeees 16,284,819 Rhode Dette... . scree saciess « +s 606,793 Ronths COE 6. 6. 00s ores bce 144,942 ESS OEE TIE SE ERT 1,354,481 rw ice veeree 228,832 Se a ewe oe eae 573,595 Vermont....... ee ers 4,438,172 OS “re 2,016,766 NN So ic. cb dead es vivees 1,035,177 Weat Virginia ...... 0.660. ee eeee 1,398,539 ag ES errr oc ay 8,509,161 Wyoming . .. .... 30,986 a Se ae 169,448,539

Besides this great product, there is the great Ocean Steam Service which finds its way tothe marts of her great commerce, at New York, Baltimore, Philadelphia and New Orleans, where potatoes are landed from Liverpool and Germany at the rate of 15s. stg. per ton of 2240 pounds. This freight rate is about 10 cents per bushel, or about from 50 to 100 per cent. less than we can land them. A recent paper states that a New York firm is in receipt,of five thou- sand bags per week from Glasgow alone.

Lying alongside, the New England States, with only a fence between, is the Province of Quebec, which according to the census of 1881, yielded 14,873,287 bushels; and laying opposite to her great lake and river border is the great Province of On- tario, with a product of 18,994,559 bushels. In view of all these sources of supply, is it any wonder that the average price of pota- toes in the United States from 1883 to 1885 was but 42 cents.

But Mr. Macleod labors to prove that if the 15 cents per bushel paid as duty on potatoes to the United States was taken off the farmer would receive that much more for hjs potatoes, and settles the question, to his own satisfaction, by saying ‘* certainly he would.” He backs this up by saying, ‘** Presuming the American market price after removal of duty remains as it is at pre- sent, is it not evident the shipper continues to get the benefit of the duty struck off? But, you ask me if the removal of the duty should induce large shipments, will the market not fall and prevent shippers get- a the ry are of the remission?”

e says, **] reply, the law of su and demand will then come into om and raise or depress prices.”

The italics are mine. The Ametican farmer at prosént has @ protection of fifteen

-. - TUESDAY,

cents. Yet the average price of potatoes in the United States for 1883 to 1385 was 42 cents, and for 1884 to 1886, 45 cents.

In the face of all these facts, one is ata loss to enderstand Mr. Macleod’s conclu- sion as quoted above. As Dundreary would say, itis ** something no fellow could under- stand.”

Iam, yours truly, Grorce W. How ay. December, 31, 1887.

ee

A Critic Criticised,

Sin,—Judging from a notice in THE EXAMINER a few days ago by the Secretary of the Literary and Scientific Institute, of a paper before that Institute by Mr. Rattenbury, on what the learned Secre- tary calls a very “‘ comprehensive ” subject, it is evident that whatever progress the Secretary may have made at the Prince of Wales College ‘‘ mastering” the dead languages, he has lamentably tailed in acquiring even a fair knowledge of one of the living ones. He is not satistie:] with stating that Mr. Rattenbury bestowed an ‘‘unusual amount ” of study on the ** com- prehensive ” subject, but he says he gave it much ‘careful thought.” It is really difficult to imagine how Mr. Rattenbury could have survived an effort which called forth such extraordinary mental exertion. Here is another sentence which appears to have been written with studied obscurity, as very few in this part of the country can understand it :—*‘ In a very clear and lucid manner he endeavored to prove the study of science over that of the dead languages.” Jf Mr. Rattenbury made it clear what he was trying to prove the Secretary has certainly not been very ‘* lucid’ in report- ing him. In _ the eyes of the Secretary it requires almost the courage of a Daniel to criticise the glorious system of education under which he ‘‘mastered” the English language, for he says that Mr. Rattenbury ‘*fearlessly” pointed out some of its defects. A graduate of the Prince of Wales College, and a student of a learned profession ought to know better than write so flippantly about ‘‘mastering” the dead languages. It would require neither an ‘‘ unusual amount of study,” nor much ‘** careful thought,” to have known that men have spent the greater part of a lifetime in the s:udy of those noble languages, and yet were unable to say that they had ** mastered” them. It is only the merest smattering of these lan- guages that is acquired at our instibutions here, and yet young men leave school under the impression that they have ‘‘ mastered ” them. It is this that tends to bring the study of those languages into disrepute. It isto be hoped that when the Secretary again reports the proceedings of-the Insti- tute, that he will be more ‘‘ clea” ” and ‘lucid ” though it should require au ‘*un- usual amount of study,” and ‘* muca care- ful thought ” on his part,

Yours, Xc., :

Nepos. Peake’s Sation, December 27, 1887.

1sss..

New Goods for the New Year.

JUST RECEIVED :—

ROCKFORD WATCHES

(Adjusted to Temperature).

Nickel Alarms, Gases Dessert Knives and Forks, Gases Fish Knives and Forks.

ee ee

Sugar Spoons and Fruit Spoons, in cases.

Child’s Knife, in cases,

EXPECTED THIS WEEK:

Another Lot of Gold Watches and Trumpeter Clocks (a great Novelty. )

One Cuckoo Clock on hand, offered at a Bargain.

E. W. TAYLOR,

CAMERON BLOCK. Jan. 3, 1888—2aw & wky

Fork and Spoon

Notice of Dissolution of Partne'ship.

ee

THE Partnership heretofore existing under the name of Saunders & Campbell, where'n John Saunders and John Norman Campbell were part- ners, is this Second day of January disso!ved by mutual consent.

All sums due the firmwill be received by Saunders & Newsom, who alone are authorized to grant receipts for the same.

w.-* JOHN SAUNDEPS, [JOHN N, CAMPHELL. Jan, 3, 1388—2i eod

Notice of Copartuership,

PETER NEWSOM, having purchased all the

interest and good will of Jona Norman Camp- bell in the business lately carried on by Saunders & Campbel!, has. this Second day of January, 1888, entered into Partnership with John Saunders, and the business will in future be car- ried on under the firm name of Saunders &

Newsom. JOHN SAUNDERS, PETER NEW30M.

Jan. 3, 1888—2i ed,

CARD OF THANAS.

THE undersigned desire tothank their numer- ous friends and customers for their very lib-

eral patronage during the past five years, and

respectfully solicit a continuance of their favors

= firm of Saunders and Newsom, at the old nd,

SAUNDERS & CAMPFE Jan. 3, 1888—2i eod & CAMPFELL.

» LET.—The Surgery and Gonsultin;: R ae the City Hotel, Great George Street, saan

to ied b ; 4 sag Da had Bae Be mov

re oo eet eee eee eee a ee cas eee ee . ttissi‘iwts

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JANUARY 3, legs.

It is not often retly honest goods are offered at the prices we qtote below. But the fact is we have a £000 many Dolmans, Ulsters, Jackets, Jerseys, Satis and Reding- gotes remaining, although oui sales in this department have been very large, and we are now offering all that remains at extraordinary low prives to turn them into cash. before stock-taking. Ulsters worth up to $4, for $2; $8 for $5; Jackets worth $4.25 for $3; worth $7 for $5, and our whole stock at equally low prices. ,

These prices are certainly remarkable, but there is no questioning them---we guarantee them genuine. Call and secure first choice.

BEER BROS.

Ch’town, Jna. 3, 1887.

SS SS ae ae

DRY GOODS AND CLOTHING

J. Bo. MACDONALD

is giving great bargains in OVERCOATS and SUITS. 10,000 Wards Ladies’ Dress Goods in all the Newest Fabrics, cheapest prices. LADIES’ FUR CAPES and CIRCULARS.

Give usa call. You will find Goods and Prices Riglit.

emcee (ome

J. B. MACDONALD,

QUEEN STREET, CHARLO'TTETOWN.,

Ch’'town, Né@y. 30. 1887. —eod & wky THAT YOU CAN BUY AT

JAMES PATON & CQY.,

MARKET SQUARF,

FOR LADIES: FOR GENTLEMEN :

Kid Mits, Fur Caps,

Muffs, Fur Mités,

Wool Squares and Shawls, Hid Mitts,

Astraean Jackets, Silk Searis,

Hand Satchels, Fur Coats,

Braces,

-Umbrellas, Waterproof Capes, Cardigan Jackets,

Kid Gloves, tiandsome Silk. i’kehfs, ‘uffs. H’kehfs, &e. the Best Value in the city. 0

FOR GOOD VALUE GIVE Us A CALL.

sntnlinenietig 2) ee edo

JAMES PATON & CY.

Dec. 16, 1887—dy wky

Collars,

NE eS ————S ee

REMOVED,

Across the Street to

BRENAN'S OLD STAND

nn

City Hardware Store

—_———— —_- o-oo"

NORTON & FENNELL.

Own SASH AND DOOR FACTORY.

Contractors and Builders Read This :

W* have now on hand and will sell at the Lowest Cash Prices the following, viz.:

300 Panel Doors and Frames. 500 Pairs Sashes and Frames. 100,000 Feet Mouldings and Finish. 5,000 do Spoutiag and Conductor. 1,000 do Stair Rail. 5,000 Stair Balusters. 100 Newel Posts. es Sas We are also prepured to do all kinds of Jobbing in "Planing, Jointing, Morticing, Lex, oning, Jig and Fret Sawing, Turning, Xc. All kinds of Gothic Windows made at shortest notice.

Our machinery is new and first-class, and we manufacture from the best of Quebec

Stock.

GivnH US A CALL. 3 ROBERT PALMER & CO, Oct. 1—wky PEAKE’S NO. 3 WHARF,

r :