rm. R. O. Mwullocb. President

oi‘ The Mutual

Company of Canada, in addressing the seventietl: annual meeting oi’ yhqiders held at the Head

5am of the Company in Water-

loo on Tmqsday,

founded during the vioua occasion e peace of was disrupted in 1870-1871

by a effort of the German war

hraaI-vedialnawaal II! al

(Continued nugjauj)

— . rxocrzss neronrro av PRESIDENT‘ AND 2l"'r'...." i‘§"$..'.'l".o'i'.w“"',.,"'- ,1:,".,,,',".“;,;,",,,,“'.':‘" {i515 GENERAL MANAGER "i" I" ""9"- to his own gate." f use).

i- LI :“lt was ex- peciai those policies which ante- clmswuL to, mmAw : “And it aaema Life Assurance gate no‘ commencement oi hostil- i. that when you: acre reailvlt: male , n“ m "m u en em was place afgrcl cgnggfvbe "p13? '“T'°"|l'§-.'§.-fl§§§; t" n t méhlg‘. was read: e ;cep a gber premium to e) __i d w J M m. _ m”

Feb“ r L“ insured. Therefore, I‘ say to you, guy you, 3nd e prim mm o“, ca"; m“ w; ma”)?

B Y . hold on to them at a.l costs. ‘wen “sorted ‘we r m_,.d_ n ..

‘ °°mPmY "l" "During these days a policy-stare. ' iI-fl-ii-ii. x '11:“ P m mmmmwmgfl t-Ilem when on htliattgissltiixurtillyn r35: assrsran EFT-mortars. m" m“ I ' m‘ ‘ teoti site"s dmIZsObtDIsdMIssPhYI-Iia Blanchard I); """"°"°°"’ ‘°""°N‘

rendgtging servieegaenwenme Egnplre- Very D111!» solos at thewiggmerrs wnmnd mmmu”. m“ m“ ' tgonservative Association Meme“ snpeflntuaimfiggrffifi

machine under the leadership of Bismarch to dominate by force of arms

STEADY GROWTH

Mr. MoCuIlocb remarked "In own Dmniuion of Canada we were in 1870 a country of three and one- half ion people. It was not until some sixteen years later that our Eastern and Western frontiers were bound to ether b a trans- continental ra lway. oday our population has grown to over eleven million and we are fortun- ate in the possession of a diversi- fied economy in which agriculture, mining and manufacturing consti- tute important parts developed and rendered prosperous by the most

» rtant element of all. Che in- dustrious and sterling character of our people. The growth of the Mutual Life Arurance Company oi Canada has kept D306 with that. oi the Dominion. From the nucleus of 500 poiicyholders whose signa- tures were a necessary condition of the granting oi a charter by the legislature. there has evolved an Association of over 165,000 Can- adian citizens in all walks oi life. The asets of our Company for the

year which has recently closed total $187,686,589 compared with 86,216 in 1871 and $24.642.314

twentyiive years ago. Insurance in force now stands at $572,110,000 contrasted with $94,477,360 in i014 " SACRIFICE NEEDED

The need for sacrifices and econ- omy in government was pointed out when it was stated “Sacrificas

I th effi lent rosecution of the W I Wolff Just bi mage by an and I VIIIIChtWZIS incurred durln», and My Con“ McEachem in New Al“ am sure wifl cheerfully be made. 5"“ he cfcat, MW“ ‘md I fufQl-lile. a J r. Mr. Bruce McLean, t m. hould not be a rem“ 0,. sure that im- am 1 uncut. of (u Lam, C, and another brother. b“ *5 5 . p ‘resources is b" no mrlars at an Pnd w A - M E t]. 1 k pt occasion for diverting the pro- "It . j M > w spa; -~ ~lLj C fill-Th 0PM Y - ceeds of such sacrifices to other m t C15 ngfiemb}; Pm u“ L‘ l‘ Th? L015‘ Who B"? Tel-ll "if"; l!) ~ - v .1 . s ' "cc ‘ - ‘ e - -

undertakings of less than national Iidilholdilrlsa 11131:" it; fgluiaum hi“ Ikrlgcllltield fliaitlurieargefiriglg ‘$111112: ‘cope’ and the wil““g“"ss,,t°b,m‘“,§i lGovernmrflit vsil pursue ll“(l"l‘ any and their friends. and many jolly 5W1’! 5B¢Ylfl°55 “m m“ a 5" "lcirclupqn-Mq a pnlim- of qm-m- $1"I~l’\-".(‘ll'!Cl‘ parties are being held chilled if i118 Gowmmfnl- do“ n?‘ , I I ‘I- " (l-bt, pCqq-‘iq. i them. On their wav home tliey flihlblt a detfmllnntlo“ l” Fvsiiq, “_ _ ' 51v w-"lll rim) off to visit relatives in waste and improndcnce and. m s ‘ pawn 3,... Eflwnnnm and Wm turn. to sacrifice all party and 30.10,, m Vancouver whern 5M1- , m"ct Mr. TvfcEacherns

personal considerations to the getl: conduct of the war." POLICYHOLDERR SERVE THEIR COUNTRY Attention W85 called _ l\fcCu1loch to the important pert‘ iEYPCI in our national econcrriyv 2v . olders of life insurance DCIICFS, l "In Canada where so manv of our citizens have been abe to 811K) comfortable Incomes long before they can save estates sufficient _to support and prc rve the m: pcndeuce of their . milled. life iri- surance policies providing for this in case of the unfortunate but lu-

evitalblc even-t when the support

of the earner c-f the income cn which they r-sly is lost. a life in- silrance policy should be the mcs cherished possession of every head Ol’ prospective head of n iillllliY and it should not be forgotten that this has an additional value in time of war owing to the many acidi- tional and unusual risks apart from those incurred in actual mil- itary operations. The morally las- ses of all the Insurance Campan-

les increased materially during the ,

Great War. "Every effort should be made to maintain l~.1_

therefore cs-

"i.

SMILE _. A WHILE ' .

SMOKE A PUNCH

I Thousands op- ploud Punch as the sure source of

by Mr l‘ W

pendents, and thereb demands on the ublc treasury in cases where this urden would fall wholly or ‘in part on the country. Then each premium he pa has a twofold effect in allevia the problem facing the Nat-ion. l-Ii-s other expenses are proportionately curtailed enabling more of our productive powers to be devoted to the prosecution of the conflict. and in addition the premiums that are paid will, In past. be invested in loans to assist the Government in financing its expenditures. It has been said. and rightly so, that Insurance Companies are regard- ed as the great and primary source oi long term money."

OPTIMISM FOR. THE FUTURE

In closing his remarks Mr.

,McCulloch sounded an optimistic note by saying “Though Gcverh- ment debt has in the past increas- ed from time to time to amounts which have staggered many thoughtful citizens, particularly in times of stress and depression, I think too little emphasis has been ,laid on the concomitant increase ,ln the rieveiopment of the national ;resources and the increased finan- ;ciai resources oi the people, Thu has been repeatedly illustrated in

{Great Britain throughout the

leighteenth and nineteenth centur-

lies as well as earlier. Debts which

h

' seemed enormous during the l Napoleonic Wars lock small to- , lday‘. Notwithstanding the difiiculgv, lg-

fCanada was able through a terrific

idepression to carry the lnrxe deb’

GENERAL . . "“.I’.\‘l ADVANCE HAT]? IN l ‘Iii

i: a l Amcll; the spillclzl. fcstulxs merited upzn ; \‘.'<.'.‘CI r . liltgs of $4, ‘$109,000 over the General

t —a a of . 101i

Rest rve l

1P vshcre s32 intends taking a ccurse ffilcflfffll nursing,

Contiligenc- '

l0 prlicmoldcrs iflfIlCLiflLillg to 83.350034. _ . Mortalzty‘ (‘Xll-TICIICE was again favorable, and a dccrcase in ex- pfinscs cf cperatioai was repariev, All HmSIlYRllCC fLld annuity reserves were placed Cll a 3'} basis, and ;_thus in the future interest earn- ings of 3'} will suffice to maintain “these linbiIliles at their IEQKIKIEQ cv

H 1 g h; - lNational e prov des or the Ciffilegfsen: die Megan“ on mumduw

not Phyllis Arsena

FAMILY BEREAVED—The many C. Johnston, "u; ax‘ throughout the Province will re- gret to learn of her death, which occurred at the home oi her John MacLean on Jan. 30th. Funeral was held from Peter's Road Presbyterian Church at 2 P. M. on Feb. 2nd. Peters Road Cemetery.

L. 0. B. A. HOLD CHAIN TEA —A most enjoyable spent in the recreation room oi the L 0. L. Hall Friday evening, when the ladies of Memorial Lodge ch was en- joyed by a very large number of members and friends. ferring the Orange Degree on 'a number of Candidates, the mem- Lodge, joined the ladies and assisted them in carry- ing out a very enjoyable program, music being furnished by members oi Boyne. Lodge assisted by Edith and Mable McLeod, Keith and Ivan Robinson. greatly enjoyed by all. It is pleas- ing to note that both those Lodges. are coming into more, by the increased number oi initiaticns which were conierredin the past year.

friends of

L81’, MIS .

bers oi Boyue

IFI‘.

I in

Trvou lq

LUCY

eld a chain tea, whi

their

VISITING OLD HOME —

C. ziccompqrlied bv his r. George Mitchell have

C,

Interment

evening and L! H799

sis-

in

evening was

After con-

Misses which was

0W!) ONCE

—Mr.

J. D. lifcEachern of Dawson Creek,

friend arrive

Personals

cu a visit to Mr. MacEacherns sis- tvlrs. Frank Smith and brother,

‘Tr. l-lPt-I-Wr McEachern who

. l-"Il Ceilings, son of Mr. and Jchn A. Ceilings. has left to

‘xlanlagx.’ L e 1:11p 1h:- RCXHI Caruadan Air Force, I- ;iCn‘3tX-1§,L:n1 fichcrt Large 0i the CBC, l ‘flu-VA er ‘scr at Staticn CBA, Sackvilie, as?” O ivifl: Mrs. Large. left Sat- ‘ “' “ " ‘ ' m’: ling on return after

dug a tcw days in this city.

Miss Edna Jenkins Mt, Herbert,

fl. Friday

Airs. George H. Callback cf North visiting in the Citv the rarest of her sister, Mrs, James Sta- vcrt.

Friends of Mr, Wesley

Murray. to

morn inq

els. Fredericton will be interested

I Mr. Somerville explained the lfllaflllfl’ in witicll lhc $187,636,589 lof assets of tlic Cnmpan_v wcre in- lvested. Mortagc loans at $35,901,- iil75 increased for the first time ,since 1932. New advances were lmade of $2,538,791, oi which $1.- ‘552, 560 were under the National lliousiug Act.

l Of the increase Ln Assets of S8,- 1659366 during the year, additions lto the bond portfolio accounted for $7,585,003, Dominion and Pro- fvincial obiigatlons constituted 42% loi new purchases. and first mortg- age bonds of Public Utility comp- , anics 30ft.

The rate oi’ interest earned on

invested assets in 1939, 4.67"}, was practically at the same level as in the preceding year. L _'I‘he volume of new insurance .w\as 045571051. excluding annuit- lies, resulting in a gain in total lAssurances in Force oi $13,000,000 §to a. total of $572,110,531. In ad- dition, Annuity Contracts in force .provide for future annual pay- 'ments of $2,599,565.

i

tl

TRINITY UNITED CHURCH

. The morning worship oi ‘Trinity ', United Church was led by Rev. zlfugh Miliar, who spoke on the

theme "The Shipwrecks of Life" comparing the ideals and aspirations of youth and manh as ships l launched on the sea of life to bring ;in rich cargoes of achievement an service, many of which never reach

port. The saddest of all such ship- ‘ wrecks said the minister is the loss ~ oi a high ideal through moral l weaknws and failure. l The choir led by the organist and pzhoir-direcior, Prof. A, Roy Ken- ‘dall, contributed richly to the wor- lship, in their splendid rendition oi .M. A. Foster's arrangement of the | anthem, “O For a Closer Walk With , God." The solo part of LhLs anthem l was sung by Miss Margaret Stems.

unfailing smoking pleasure. Bo In style. Enioy the refresh meni of Canada": finest cigar.

A! your dealer's

A MEASURE YO ‘MORE rearscros I o;

PANIIELAS uuls I 5=

l The evening anthem, also splendidly executed W85 "O Love That Wll Not Let M43 Go," A feature 0i this service was the exceptionally ilne singing, by a, ble Male Quartettc of the beautiful selection, “The Riches oi love."

‘The sermon at the evening wor- ship was the fifth of an interesting ser es by Rev. Mr. ll/fillar on the Seven Deadly Sms, The subject on this occasion. was-An er. 1n this address the minister d tinguished between righteous indignation which is beneilcial to humani y and direct- ed towards forwardin human wol- fare; and armor, whic is oontilslhg and treacherous, destroying the bet- ter thing-s oi life.

WRITING HYMNS MORE PRACTICAL

NEW YORK. Feb_ 4—(CP)—In a. discussion of the trend in new hymns at the annual meeting of the Hymn society of America new. ‘the Rev. Louis Daniels. Canon oi (Trinity Cathedral, Cleveland, said l"hymn‘ writers, no longer asklng

er or the father?

are all mother.

l" Royal Canadia

day.

.'Thls tolnmn is

inserted at

know that he ha: been gccépted

m U" _lV.lJ1l".d.'!. "field"!!-

mcrning for Toronto,

Mr. Earl Ramsay of the R. C. N. V. R. left saturclav Ha lfcx’ to take up duties there Sjlznalilng and all his friends wish him lots of luck.

for

in

by n Air Force, and

v-l" lcnve to join his Squadron on

Th: Eastern Guardian

reserved for news of local interest but adver- tising of a newsy nature may be 2 cents a word strictly payable In advance. _

‘SUBSCBIPTIONSJA the Charlottetown Guardian ma handed to their Rept. Hume

be chic

Juries have been Government for a long tine. That

would be expending money to aome l goal an." use). ‘

n road near Georgetown where there were half as many timekeooers em- loyed as round workers-one time- eepex- over wo men. . Prmior Campbell: “We didnit . . mm _.. fir. MaoMill-an: “But you pointed bosses. One boss meal" (Laughter). (The Prelnier did not reply.)

Extravagant Expenditure

Continuing, Dr, MaoMlllan cited an instance in his own experience where he had seen men along the roads picking clav out of the stumps that had been uprooted. “Everyone who travelled this Province last summer knows that money has been wasted on many oi the hirhway proiectl." he charged.

Statements made by the Public Works Minister in the provincial general campaign. to the affect that it didn't matter if the Prov- ince had a debt of 820000.000. were cited as evidence of the irrespon- sible attltude towards their "eco- nomv" pledges which the Govern- ment had shown,

No attempt had been made. Dr. MacMilJan said. to obtain increas- ed subsidy from Ottawa except the Premiers futile presentation be- fore the Howell COmmIssIOn, whose roDOrt has not. eveu been present- ed to the Government.

Evidences of waste and mis- management at Falconwood Farm, as given in the Legislature by Government members and summert- ers. were then cited. This was 2o- ins: on notwithstanding the neg- lect to provide such nocessarms as laundry facilities. convalescent ac- commodation and other things for the patients. Repeated TEGLIBSLs of (he lvfedlcal superintendent for such improvements had been cal- louslv imlored. ' _ _

Dealing with prohibition admin- istration. Dr. MacMilian cited the mysterious death of one of the Attorney Gcneralfis “underoovefl operators, whose corpse was ship- necl back to Montreal without any luau-mt being held.

The Provincial Debi.

I The Premier, he continued. had . avoided discussing the financial situation. "I will ask him now whai the debt of the Province ls at the

ID‘ two

Present time," he said. “Wili you tcll me, Mr. Premier?” Premier Campbell dig m); ‘n.

awer. u Dr. MacMillan repealed his dues-

on.

Voice: “He doesn‘: know," (Laughter).

D1‘. MuoMillan: “If he doesn't

he ought to know." (Applause). Continuing he predicted that at the rate the carrrpbeli Gbvemlmont i8 R0108 all the revenue will. with- in a few years time. be required to Day the provincial debt.

Fishermen‘; Relief

Dealinr! with fishermerrs relief.

the Conservative leader said he

approved of real fishermen get-

tingueverv possible assistance. but.

he took strong objection to others

in the guise of fishermen getting

money which should go only to the

fishermen.

Premier Campbell: "What is the

difference?"

Dr. Mach/Lilian: “Let everyone in

this province apply for fishermens I relief, is that going to leave as

much for the legitimate fisher-

men...

Premier Campbell claimed that it would, but did nnt explain how,

What. asked Dr. MaoMlllan. had

the Government done to obtain for

Prince Edward Island fishermen their share of the voted

in Parliament a couple of vears

arm for the rehabilitation of the llldql-‘ILYY. Some 830,000 of that money had been spent In office

expensm and the balance was al-

gglge and! ... ' V" manure "that" Dorothy Dix .1221.

mothers.

Lucky the child li devoted to it that they quarrel over which one loves it best! . DORUPIIY

(Continugdvfrum Jmge _2)_,

Which One Loves Children Better?

Dear Miss Dlx—Wh.ch do you think loves a child the best. the moth- _ My wife claims that her love for ou.r child is greater than mine because she stays at home and cares m; n, all day mine is as great as hers because I toll all day to support it.

you think? Q-EQRGE K Answer: You can't settle a question like this elocept by considering m; mdlvl. dull-l 0856- There are some men who are all father, in whom the paternal passion is developed to a. high degree, just as there are some women who On the other hand, there are both men and women who seem t0 have as little affection for their children as cats have for their offspring. Not every woman who bears a child m; the

and many a father is so indifferent to his children that he never even takes the trouble to get acquainted with them.

But a. man proves his devotion for his children by toiling for them just as much as a mother does the sacrifices a father makes to e ucate and clothe his children and give them advantages are just as great and heroic as the sacrifices made by

BUD I BBY Whit d0

real mother heart,

caring for their bodily wants. And

e yours who has a father and mother so

elmier Cabal!

lowedto row

tad.

Prunin- wflwvlotit." 1mm. ‘u n“ : "Tléayhklat m. waaallowaaio neattunitordauvahawom: n.3,?’ * m" ‘fflf-‘lfiriéfi.

timied. ildiniater wchaud at Ottawa. whose v has been the sublet: of strong protest in such Liberal newspaper; as the Halifax Chron-

vote erv iniluatry was allowed to lapse. -the reason was an Incompetent minister at Ottawa. and s a ne- Iesa government in this Prov nee."

(laud use).

When the Premier had spoken in songs’ in cam- nagl. admi debt was 8i 9.000. but he could not tell the what amount oi un bills was. “Now I shall uh him that question." said Dr. Mac- Millan, “Bow much money was paid out between the 81st of De- mger, 1938. and election day last

u .

(Premier Campbell did not an- swer.)

Dr. MaoMillan: "He does not know! He does not. know how manv

lls were settled int the Public Works department? I-Ie does not know that any man wlho had a. disputed claim was dealt with m his own terms before theelection? Very well. We shall endeavour 1,0 find nut at the next meeting oi the I Legislature the amount of those bills which were carried over froml last veal- and settled previous to the May election." (Applause).

Feed Prices Not Pelled

Dealing with the baco met-t between the British adian Governments. Dr, Niaclvlil- lan pointed out that while the bacon price is centred. there is no attempt to control feed prices and our farmers cannot produce profit- ably under such conditions. It was the duly oi the Provincial Gov- ernment to have taken this mat- icr up at Ottulwa ulld insisted on having feed prices pegged.

The Premier m his address had said the estimated deficit of about $30,000 would be found. when the i939 Accounts were tabled. to be about correct. Dr. MacMlllan cited newspaper references to the last bond issue, in which it appeared that the financial houses were given information to the effect that the deficit exceeded this lamount by many thousands of dol-

n agree- and Can-

ors.

The Premier said he did not think this was correct.

stressing the ciutv cf public men to be accessible to the people, Dr. Mlicftflllgn quoted Premier Camu- bell as refusing to mect the rank and file oi the electors in his of- Ilce, on the ground that he was too busy.

Premier Campbell: "What I said in the Legislature was that I de~~

clined to see people except on business."