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" ‘ , Tr DaILy EXAMINER, JANUARY 10, 1879.
Trade With South America.
In his recent message to Congress urging
the necessity, in the mterest of American) rnment |
trade and commerce, of giving Gove . . o } ’ ar
aid, in the form of a posta: Coutrace, t
line between
only United States steamsnip
New York and Brazil, the President said
‘Tf we have eanal commercial fa ilities we reed not fear competition anywuere. In answer to a requesi of the Senate for any | recommendations desira to he submitted | ef measures to be adopted for facilitating
and improving postal and com course with the countries of South America, Secretary Evarts makes this practical state-
ment: ‘It seems to be very evident that!
the provision of regular steam postal com. munication, by aid from Government, has been the forerunner of the commercial predominance of Great Britain in the great marts of Central and South America. It is no less apparent that the efforts of other European nations—Germany, France and Italy—to share in this profitable trade have been successful in proportion with their adoption of regular steain postal communi- cation with the several markets whose trade they sought. The merchants and the com- munities, no less than the Governments of these countries (Central and Sonth America), strongly desire an enlargement of direct trade with the United States. Every- where there is shown a great desire to ex- expand their trade with the United States, and even the least prosperous exchequers of these Governmeuts are ready to be opened to share in the expenses of steam postal commnnications, of whose value in promot- ing foreign commerce, their own experience furnishes irrefragable proof. If this be so, it is obviously the dictate of interest and duty, on the part of the Government, to promote by every just and appropriate means the attainment of this first and principal egency for the desired expansion of our foreign commerce.”
Stated more directly, the Secretary agrees with the President in advising Con- gress to act at once in the interest of Awerican trade, and it is probable that ac- tion will at once be taken. Now, would it not be well for the Parliament of Canada, also, to take some action in this direction 1 The countries of South America maintain a large, increasing and remunerative trade; and it would certainly be worth while to obtain a fair share of it. It seems to uf that this subject is well worthy of considera-
tion.
a
The Latest Mystery. AN ONTARIO MAN DESERTS HIS WIFE A FEW HOURS AFTER MARRIAGE.
A most remarkable affair has just come to light at Arnprior, Ont., and is creating con- aiderable talk among the gossips of the dis- trict. On New Year's Day Adam Sims, a respectable young man, of Fitzroy, led to the altar Miss Graham, of Carleton. On al] sides the young couple were suppesed to be well matched, and the congratulations of their friends were hearty and sincere. Dur- ing the night of the marriage day, in the most inexplicable manner, the young man rose from his bridal bed and left the house, not to return. Most diligent search and in. quiry have been made in ali directions, but no trace of the errant bridegroom has been discovered, and his friends are apprehensive that he has either committed suicide or met a mysterious death. Mrs. Sims gives no reason for his rising and leaving the house as he did, and tho whole affair is shrouded in impenetrable mystery.
Winter Pork Packing.
The Cincinnati Price Current, in referring to the winter port packing operations, says : Packing operations at the six large cities m the West have been on a moderate scale only the past week, and foot up the same aggregate as for the corresponding time last year, 225.000, making the total to date since the opening of the season 3,215,000, against 2,150,000 last year, an increase of 1,065,000. It is difficult to make a reliable guess as to the total number now packed at interior
ints, but in our next issue we shall pub- lish our usual first of January preliminary report, with exhibits of the number of hogs packed upto the present time, compared with a year ago, and estimates for the re- maining portion of the season, with other information bearing upon the question of extent of the winter supply of hogs and hog products. The light receipts of hogs the
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English Banking. Tue Toronto Mail remarks that the late L
failures at home have led to a good deal of ; : aa . discussion on the English and Scotch bank-
ing law, with a view to its amendment, 80 |
as to reveal mismanagement and prevent
directors keeping insolvent companies
as has lately bean done. There
afloat,
a! : . : ; to the} seems reason to believe that legislation on |
tne matter m, and that the precautionary
measures will consist in requiring banks to nike periodical returns of their assets and liabilities, as is done in Canada, and in the introduction of the limited liability of shareholders. The Heonomist is an advo- cate of fuller statements from the Bank of England than are now received, and of
some statements at least from private
banks. It proposes that the Bank of Eng- land should be required to give separate statemen!s of bankers’ balances and other deposits, and that other banks should do the same ; that the different sorts of cash held should be specified, distinguishing specie, Bank of England hotes, Government securitics ; that the number and amount of advances should be stated and classified, distinguishing advances without security and those against security, whether real or personal ; along with separate returns of advances to directors and officials. And on the other side of the account it would ask for statements of the amount of notes is- sued ; the number and amount of the cur- rent and deposit accounts ; and of the capi- tal and reserve. These proposals, which are really for accounts very similar to those issued in Canada, the Hconomist ably de- fends in an article well worthy the atten- tion of financiers. Nor is it alone in these views. The Times of the 17th ult. pub- lishes a letter from a shareholder iu one of the larye unlimited banks, who proposes to establish a joint-stock bank shareholders’ association, in order to obtain an Act of Parliainent making certain sweeping
changes in the banking law; and who states that he has consulted several bank directors, managers and shareholders, all of whom approve of his propositions. The Times says that they would amount to a complete revolution in English banking. But as they are decidedly of interest, and some of the proposals seem worthy of atten- tion in Canada, we lay them before our readers, as follows .—
1. To limit the liability of all shareholders, corporations, trustees, executors, and all other ersons having any interest in a joint-stock bank, to the amount of the subscribed cap- ital.
2. To obtain powers for a Government auait, upon the application of any six shareholders or éreditors, and as often as the Board of ‘Trade may deem it desirable; also for an independ. ent audit at least once in every year.
3. To compel all stock brokers and other persons to give the name of the owner and the numbers of the shares upon all contracts made for the sale or purchase of joint-stock bank shares. ,
4. To require the directors of all joint-stock banks to furnish to the Commissioners of In- land Revenue an exact copy of every balance sheet presented to the shareholders, which copies shall be made in such a manner and shall contain such detailed particulars as the Board ef Trade may direct, so as to furnish a full and clear statement of the habilities, se- curities and assets of such banks, and the copies of such balance sheets shall be deliv- ered to the Commissioner of Inland Revenue, with the names of the shareholders of such banks, as is required by the 7th and 8th of Victoria, cap. 23.
5. To provide that no joint stock bank shall be allowed to increase its liabilities by accept- ing bills of exchange, or by issuing promissory notes, or to makeadvances upon such securi- ties as bills: f ,lading, bullion in transit, for- eign produce, merchandize of any hind. land, house property, or any other securities which in case of need could not be realized immedi- ately, but shall be compelled to restrict its business within such limits andin accordance with such principles of sound banking as may be approved of and sanctioned from time to time by the Board of Trade.
6. To provide that no joint stock bank shall receive mouey on deposit, upon which any in- terest is to be paid, to a larger amount than the subscribed capital of such bank.
7. To provide that all directors of a joint stock bank shall be appointed by proxies re- ceived from the shareholders, no director being allowed to vote, or interfere, directly or indi- rectly, in such election.
8, To provide powers authorizing the Board of Trade to remove any director, and forfeit his shares and whatever interest he may have in such bank, in the event of his not acting in accordance with the provisions of the said Act of Parliament, and the instructions given by the Board of Trade.”’
-_~—-+- ——--—__~o oo
The Prince of Wales’ Courage.
The Prince of Wales and Dr. Lyon Play- fair, says “Atlas” in the World, were standing near a caldron containing lead
past week have been partly attributed to the existence of snow in the West, which has imeped the movemei.: | ef stock. Many dealers look for a renewa.. of liberal receipts following the close of the holidays, if the weather is not unfaror-
able. Bid
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A soy named$McDonald had a narrow es- cape from drowning while crossing from the Railway to the Ferry Wharf, this morning. When about midway between the wharves, the ice broke, the boy sank and disappeared. A gentleman who was stan‘ling at the head of the Ferry Wharf saw the accident and hurried to the where he found the boy holding on to the edge of the ice for life. He helped him from his perilous situation, and ordered him to run home as quick as he could. As the ice about the place where the aecident eccured is very strong, it is evident that he
most sections of
vhich was boiling at white heat.
‘’ Has your Royal Highness any faith in
‘onee ?” said the Doctor.
‘* Certainly,” replied the Prince.
** Will you, then, place your hand in the boiling metal, and ladlé out a portion of it?”
“Do you tell me to do this?” asked the
nce.
‘*T do,” replied the Doctor.
The Prince then ladled out some of the boiling lead with his hand, without sustain- ing any injnry.
It is a well-known scientific fact that the human hand may be placed uninjured in lead boiling at white heat, being protected from any harm by the moisture of the skin. Should the lead be at a perceptibly lower temperature, the effect need not be de- scribed. After this let no one underrate
walked into some the holes which were out.
the courage of the Prince of Wales.
will be proposed during the |
ce a me a OE LT ee AO Ae el, ean Po be oe
iHntetsamning Her Friends While | Dying. / Cpe. y 4» » (From the Buena Vista, Gia., Argus ) On Tuesday last Dr. Edwards was sum- |! moned to see Mrs. Swearengin, wife of Mr. Arch, Swearengin, who lived about six lmiles above Tazewell. She was not thought lto be dangerously sick by herself or family. | Dr. Edwards found her sitting up in bed, talking and laughing with her family and
- 2 14
friends who were visiting her, and ishe appeared to be unusually lively for a ,sick person. As soon as he warmed sutti- ‘ciently, he approached the bedside of his I patient, and, to his surprise, ha discovered ‘that Mrs. Swearengin, though sitting up, ‘laughing and talking, was actually dying. | He gently informed her husband, who could lnot realize the fact. He thought the doc- tor was mistaken. Dr. Ed.,ards prescribed ‘for the jovial woman, and left her without letting her know of her rapid dissolution. 'On his return home he met Dr. Hall, whom he asked to call and see his patient, and aid her restoration if possible. He, too, de- cided that she was dying. He left medicine and directions to apply a blister at a certain time, but before that time arrived she was
dea‘.
Some
~~ <-> = - Probably Fatal Fracas.
On Saturday last a dispute occurred near Ottawa between Mr. R. McConnell and a nephew of his of the same name, which may result fatally. It appears Mr. R. MecCon- nell, jr., was engaged in chopping wood near the Deschenes, when his uncle, Mr. McConnell, Sr., came up and claimed he had no right to cul the wood. The young man held that he had every right to do whatever he pleased on his own land. ‘The uncle strongly dispuied his right and said the land belonged to him. Hot words followed, when McConnell the younger warned his uncle that if he attempted to prevent him from doing what he pleased with his own property he would make it hot for him. Another dispute ensued, which led-to a fight, during which McCon nell the younger struck his uncle with an
an axe several times, inflicting injuries which may ultimately prove fatal. He first
struck his uncle on the back with the axe, wounding him seriously, after which he hit him on the head, and subsequently disloca- ting his shoulder. He has since been con- fiued to his bed, and his ultimate recovery is doubtful. MoConnell the younger has been arrested, and is now incarcerated in the Aylmer jail.
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Telegraphic Briefs.
St. Pererssura, Jan. 8.
The Agence Russe (semi-official) admits that Shere Ali has entered Russian terri- tory, saying that it believes the news to be correct, but does not believe that he was ac- companied by troops.
, Bars ey, Jan, 8.
The decision of the witere on’ Monday, not to submit to a reduction in wages, has already sent up the price of coal; and in the event of a strike itis expected that prices will rise rapidly, because the stock is very low. It is generally believed that the masters, at the meeting on Thursday, 9th inst., will offer a compromise on the ques- tion of wages.
Lonpon, Jan. 8.
The shipbuilders on the Tees decided to give notice of reduction of wages of 5 to 10 per cent. on various classes of work. The shipbuilders on the Wear give notice to-day of a reduction of 5 to 25 per cent.
The Midland Railway Company states that the guards have rosumed work at Peter- boro’, Gloucester, Bristol, and Coalville. The company expect an early termination of the strike through lack of funds to sup- port it, but the tone of various meetings in- dicates that the strikers are still very de- termined.
The officials of the Midland Railway claim {to have mastered the strike at Der- by, Leeds and Bradford, by engaging fresh hands.
A Vienna despatch says it is expected that a definitive Russo-Turkish Convention will be signed on Wednesday, the Turks having promised te commence the ®cessions to Montenegro, and the Russians have made concessions in regard to war in- demnity, and consented not to impose the clause making Russia the special guardian over the execution of the treaty of Berlin.
A telegram from Moscow states that Kharkoff Veterinary School has broken up and Kieff University closed indefinitely in consequence of the riotous demonstration of students.
A Berlin despatch says the Emperor Wil- liam is wonderfully well, though obliged te carry his arm in a sling. He drives out every day with the Crown Prince or with an equerry.
The German press shares generally, with- out distinction of party, great satisfaction at the result of the elections in France.
The ‘‘ North German Gazette” intimates that the Republic can reckon on the sym- pathy of Germany as long as its policy re- fiects the moderate and reasonable views of Gambetta.
The Berlin police seized the Freiheit, Communistic paper, published in London, by Johana Wrost. All future issues of the Lanterne, published at Brussels by Carl Hirsch, are refused admission into Ger- many.
All the specials from Paris to London journals state that the re-election of the Duke de’Audifret Pasquir to the Presi- dency of the Senate, is improbable. M. Leroyer of the Left is mentioned as his suc- cessor.
Advices from Toulon report that iron- clads there are being rapidly refftted. Some rumors connect these preparations with the Turisian difficulty.
Beri, Jan. 8.
Prince Bismarck appears to be taking every opportunity for declaring himself in favor of protection. He recently wrote a long and favoaable reply to a letter con- demning free trade, sent him by Agricultu- rists of the district of Stormarn.
Serene eae A NE SN
| NOTICH.
UBLIC NOTICE is hereby given that a Meeting of the inhabitants of ** Rose Em- erald *’ Schoo! District, qualified to vote for School Trustees, will be held in the School- | house, on Saturday, the 25th day of Janu- ary, instant, at the hour of six o'clock in the nen, for the purpose of determining whether a Tavern License shall be granted to JOHN HUGHES, and applicant for License, to sell spirituous liquors within the “ ose Emerald” School District in less quantities than one pint. ea Dated at County Line Station, GLot 67, Queen’s County, this eighth day of January, A. D. 1879. JOHN W. HUGHES, Justice of the Peace. Jan. 10--dy li wkly li
a en
A LECTURE ! In aid of the Building Fund of FIOM CEavROeB, ON SHAKESPEARE’S PLAY OF
“HAMLET,”
will be delivered by PRrorgssor ANDERSON,
IN THE Y. Mi. C. A. HALL, Tuesday, Evening, the 14th inst.,
AT EIGHT O'CLOCK.
Adults, 20 cents; children, 10
A. STRONACH.
Admission cents.
Jan. 9, 1879 —
NOTICE.
pacnenae'g ot the Reform Club are re- AVE quested to meet in their Hall, on Monday Evening next, the 12th inst., at 7.50. Important business will be discussed. By order, ». LAWSON, President. Jan. 9, 1879—4i
nn a
NOTICE. —
UR BUSINESS, from this date, will be conducted strictly on the CASH SYSTEM. MacKacnHern & Co., ‘*TTALIAN WAREHOUSE.” Jan. Ist, 1879—city pa lm
Administrator's Notice,
rs undersigned, Administrator of the Estate of ROBERT ORR, late of Char- lottetewn, deceased, intestate, hereby notifies all persons indebted to the said Estate to make immediate payment to him ; and all persons having claims or demands against the said Estate are hereby required to exhibit such claims and demands, duly attested, to him for payment within twelve months.
JOHN McPHEE, Administrator. Ch’town, Jan. 8th, 1879--2w 2aw
ITALIAN: WAREHOUSE,
QUEEN STREET.
ONTEMPLATING a change in our busi- ness, we offer for sale, at Reduced Prices, our Large Stock of
WINES, LIQUGRS and
GROCERIES, MACEACHERN & CO. Dee. 19, 1878—1m 2aw
HAVE YOU SREN IT?
SEEN WHAT ?
BOREHAM’S New Boot & Shoe Store,
OPPOSITE THE MARKET HOUSE. JUST OPENED,
MEN’S, WOMEN’S, BOYS’, MISSES’ and CHILDREN’S
BOTS, SHOES & RUBBERS !
IN GREAT VARIETY.
COME and have your feet PROTECTED, . CUME and have your feet kept WARM.
COME and have your feet kept DRY.
W. R. BOREHAM, SOUTH SIDE QUEEN SQUARE, CHARLOTTETOWN, P. E. I.
Nov. 26—3m wed & sat
Halvies Alma
i373! JUST PUBLISHED!
READY FOR DELIVERY.
WHOLESALE AND RETAIL —AT—
Harvie’s Bookstore,
Queex SquvaReE.
Ch’town, Dec, 12, 1878—~
4
dre Siicede a tees Cee ee
GRA.
CLEARANCE SALE
DRY GOODS
—_— 0: From this Date,
DECEMSER 29, 1878,
FOR CASH ONLY,
DISCOUNT OF FROM
ae ne
AT A
20 to 25 Fer Cent.,
FOR ONE FVIONTH,
THE
Following Goods !
French Merinos,
French Delaine-, French Cashmeves, French Twiils,
Parmatias,
ITenrietta Cloth, Persian Cerds, Brilliantines, Lamas, Lustres, Russel Cords,
FANCY DRESS GOODS!
Anglais Merinos, Balmoral Crapes, Crapes, , Dress Cloths, Mantle Cloths and Ulster Cloths, Plain, Checked, Faney and Striped
WINCEYS!
Silk Velvets, Velveteens, Black Silks, Colored Silks, Fancy Silks, Ladies’ Skirts, Corsets, Ties, Fancy Wove Goods,
SHAWLS,
ONE HALF (PRICE, RIBBONS, Artificial Flowers and Feathers !
ONE HALF PRICE, Ladies’ Ulsters, Ladies’ Jackets and Mantles, Blue Serges (ali wool), Scarlet Flannels, Wool Scarfs and Ties, Umbrellas, Jeans, Tickings, Shirtings. Ladies’ Cloth and Kid Gloves, Ladies’ Skating Gloves. Brussels Carpets, Tapestry “ 2-ply Scotch “ 3-ply Scoteh “ Union “ 4-4 Hemp _ G4 Felt = * 4-4 Felt . d-8 Stair . 2-4 Stair * Felt Crumb Cloths, Linen Crumb Cloths, Stair Damask, Curtain Damask, Curtain Reps, Table Damasks and Table Linens, Toilet Covers, Blankets, Counterpanes & Bed Covers.
CURTAINS! In Muslin and taco -Wery Cheap.
Damask, Turkey, Cloth and Felt
TABLE COVERS!
OiL TABLE CTOTHh, FLOOR OjL CLOTH. Buff, Green and White Window Hollands, Ladies’ Fur Muffs, from Fifty-six cente in Musquash, : ; Monkey, Badger, Chinchilla, Imitaticn Seal, Grebe, Imitation Mink and Mink. Men’s Made Clothing
» Hats, Fur Caps, Shirts, Underclothing, and a aay articles too numerous to mention.
J.D. MASON & CO.,
QvuEEN STREET.
Charlottetown, Dec. 30, 1878~—
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