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WN AMINER.

v0 7 | ——- CHARLOTTETOWN, PRINCE EDWARD ISLAND, FRIDAY, JUNE 18, 1880. NO. 24

‘ Taz Daity EXAMINER Is Published every Evening, OFFICE; twas’ BUILDING, CORNER OF WATER AND GRBAT GEORGE STREETS, Ubarlottetown, P. E. 1,

KATES OF SURSCRIPTION;:

* x Mon tha, . ° ° $2 bo l'hree Months, - : - l 25 Ome Month, : . 0 50 One Week, . - © 0 12

— ee

ge Advertising at most moderate rates. Contracts may be made for monthly, quar- tly, or half yearly adv: rtisements, on appli-

gation. Ww, L. COTTON, lJ. W. MITCHELL, Manager. | Office Sup’t

“Prince Uidward lsland

RAILWAY.

TIME TABLE NO. 14.

Summer A rrangement.

tp take effect on the 24th May, 1880,

FRAINS GOING WESP.

——

7

’

sTarions. | EXPRESS. | MIXED. MIXED. ;

EE itaeetel be

$ ' pe i : } Georget n.. Dp 7.20 am! Up 3.25 pm | Cardigan... ‘*. 7.40 **| * 354 “| Mt Stew't.; Ar 8.40 “/ Ar 5.20 * o

Mt Stew’t.| Dp 8.50am Dp 5.39pm, Reyalty Jc) ** 9.46 “* “ 6.48 ‘| Gh'tewn ../Arl0.04 ** Ar 7.10 “|

_—— ee Se

ivtown . Dp 6. 30am|Dp 9.25am|Dp 4.50pm Ar 9.47 ‘

Royalty Je! © 6.46 * Dp 9.56 A ade) Ba B Wiltsh’e; ‘* 7.24 ** | ‘*10.49 “* ** 606. * master Hie! ** 7.56 ** “SLO “i 6a mmeiene | ** $.06 ** | al.d5 “i * 7.00 * (ety Line! sé 8.12 é #0154 se se y ee

Kensingt’n; ‘ 8.40 ‘* ‘*12.30pm| *‘ 7.80 “

| 3g. |Ar 9.05 * Ar 1.05 Summ ’'side . 05 as Ar 1.05 i Ar 8.25 “

i

p 9.15 Wellingt’n| ‘* 9.52 ‘ Port Hili..| ‘*10.28 ** | * 4.07 0’ Leary | 921.20 * | $6.99 4 | Alberton. .! “12.05pm. “ 6.33 «| Tignish .../Arl2.45 “ |Ar 7.30 * |

—_—-—

Dp 2.30 3.93 «| ae }

TRAINS GOING EAST.

oe oe

STATIONS. | EXPRESS. MIXED. MIXED.

Tignish ...|Dp i.45pm)Dp 6.45 am! sé 9 25 ee Ar 7.45 wee

Alberton. . Dp 8.00 « maueseye.1 ° 29 * |" 00” Pert Hill..| ‘‘ 4.07 “ | **10.23 * Wellingt'n| “ 4.39 “| “11.09 «

Ar 5.15 *‘ |Arl2.00 m

Samm side Dp 6.00 “ |Dp 1.05pm) Dp 6.46am Kensingt’n; ‘* 6.25 “| ** 1.40 **} ** 7.16 * Sevy liner ~ 6.04“ | * 219) * 7.06 “* Bradalba’e | ‘* 7.00 *‘ | ** 2.29 **| * 8.05 * Manter R’ri ** 7.26 “| * 307 “1 ** &@ * mm Wittel’el ** 7.43 “1 ** 3.96 “1 ** O66 *

Ar 4.15 **! ,, 9.56

Royaliy Jel ** 8.19 * Ch'town ..{Ar 8.35 ‘

~~ oo oe -

Dp 4.18 Ar 4.38 ‘‘ Arl0. 16am

Chtowa.. Dp 4.00pri Dp 7.00am! “ Royalty Jc} ‘* 4.18 * | ** 7.22 * Mt Stew’t.|/Ar 5.20 ‘ |Ar 8.40 *

Mt stew’t.' Dp 5.25pm Dp 8. 50am een. iol ** BE ee St Peter’s., ‘* 6.20 * | "55 memnony .| ** 7.17 * 1 “BLT * Souris... |Ar 7.35 * |Aril.40 * Mt Stew’t.| Dp 5.35pm} Dp 8. 5dam| Carjligan ..} ‘* 6.35 ‘| “10.21 * Geerget’n..JAr 6.55 ‘ | Arl0.50 **

a a =

N. B.—The Express Train from Souris and Georgetown connects at Royalty Junction with the Mixed Train from Charlottetown for the West, in the morning; and the Mixed Train from the West connects at Royalty Junetion with the Express Train from Char- lettetown for Georgetown and Souris, in the

afternoon. ALLX. MACNAB,

Supt. and Engineer. Railway Oflice, Charlottetown, May 20, 1880. pat pres her ar ne sp sj kea pio 61

Bones. Bones.

_ undersigned will pay fifty cents Cash Boa

per ewt. fer a!) bones delivered at the ¢ Mill, im the Royalty. Ne quantity than eme owt. (112 Ibs) taken. FRED. W. KYNDBMAN, Agent. Ch town, Dee. 1, 1879

renee

Valuable Proverty for Sale.

1 BE SOLD, all that part of Town Lot No. 74, in the first hundred of Town Lots in Charlottetown; having a front of 67 feet, Dor- chester Street, and running back 80 feet, to gether with the buildin ereon erected.

For further particulars apply to Messrs.

obGs0N & McLee Charlottetown.

Sept. 18, 1879.

Ls Fire DerartMeNt-—Insurances may be ef-

Great Summer Resort

ee

PRINCE EDWARD ISLAND,

en

MO RIS 3 EE OTs xX... os pam one, PPMUIS New and Commodious House, situate | at North Shore, offers great utienotion | for ‘Tourists who are wanting recreation, sea bathing, fishing, ete. It is within easy access of the City, being only thirteen (13) miles by rail or carriage. Charges moderate. Vor further particulars apply to the Manager, or address LORNE HOTEL COMPANY, Charlottetown, P. FE. 1.

j j

June 12, 1880.

i ee ry 7". ot PACIFIC

Mutual Insurance Oo,,

—,)

mau #8 & CECE.

en ee ee

MARINE.

Assets 3ist Dec., 1879, - $744,149.60

Insurance effected on CARGOES and FREIGHTS, covering $15,000 and upwards on first-class risks.

Vertilic2ztes issued payable in Londen at the office of Morren Rosk & Co., Bankers, or in New York.

Risks taken and rates fixed without being referred to Head (fiice.

FENTON T. NEWBERY, Agent for P, E. Island. May 11, 1889.

NEW GOODS “CROWN GROCERY,”

NEXT DOOR TO W. A. GROWN & CO,

fHNHE undersigned have much pleasure in

informing their friends, and the public generally, that they have completed their stock of

Choice Family Supplies, and would azk all in search of Fresh Goods to vive them a call.

ROBERTSON & CAMERON.

May 31, 1880.—3m eod & wkly

‘HE NORTH BRITISH & MERCANTILE FIRE AND LIFE

INSURANCE CO,

Of Edinburgh and London, ESTABLISHED IN 1809

Subscribed Capital, $9,753.332.00 Paid up Capital, - 1,2716,666.00

Transacts every description of Fire, Life and Anuity Busimess on the moat favorable terms.

ected at the Lowest current rates. « Insurances upon Public and Private Build- ings effected on especially favorable terms, Lossks settled with promptitude and liber- ality. Lire Deparrment—New and Reduced pre- miums for Dominion of Canada.

&. 4. DEBLOIS,

WARE! Temi

General Agent for P. E. Island. Office, No. 35 Water Street, Charlottetown. April 14, ’80—pat her ne sj kea tf eod

QUBEN INSURANCE ¢0'Y,'

OF ENGLAND. |

Siege |

CAPITAL,. . TWO MILLIONS STERLING,

NSURANCE effected on ail kinds of Build- ings, Merchandise and Produce. Also, on | Vessels on the stocks. Special rates for isolated residences. Losses settled promptly. GEORGE MACLEOD (Union Bank), | Agent for Prince Edward Isiand |

June, 1877—

Notice to Shigownets and Others,

rIXHE undersigned, having been appointed | Port Warden for all Ports in Prince! Kdward Island,in accordance with an ‘‘Act to provide for the appointment of Port Wardens at certain Ports in the Dominion,” Ship-| owners and Shipmasters will please take notice that before their vessels can be cleared in the Custom House, his Certiticate is neces- | sary to state that the vessel so clearing 1s provided with good and sufficient Dunnage and Shifting Boards; and it is therefore | necessary that he be informed when his ser- vices are required to inspect any vessel or vessels to load with produce. H. P. WELSH, :

Port Warden, |

King Street, Charlottetown. |

Charlottetown, May 26, 1836—1m 2aw

i

HE place to get your Printing done is a

the EXAMINER PRINTINGROOMS, |

labout the first of July next. JUST LANDED JUST LAN

‘“Wontserrat Limetta Champagne,”

ISSO.

BR

Se

JSE,

QUEEN SQUARE.

Spring and Summer Goods, COMPLETE IN EVERY DEPARTMENT, VALUE UNSURPASSED.

7 E Subscribers have, by the S. 5. “ Prince Edward,” ‘* Ethel Blanche,” and other later arrivals, completed the

LARGEST AND BEST STOCK OF British and Foreign Dry Goods AND GROCERIES

Ever imported by them, which they will dis- pose of at the lowest Cash prices, Please give us a call before purchasing elsewhere, W.& A. BROWN & CO. June I, 1850. [j 14

Sz SHEL ees,

West india Warehouse,

ra KE Subscriber has now in Store the fol- lowing well asserted Stock, consisting of 400 bbls. Superior Extra FLOUK, 100 bbls. Extra FLOUR, 50 bbls. CORN MEAL. 20 bags Nos. | and 2 NAVY BREAD, 30 chests | ian Ci nee Ou 50 half chests } ~ Pee angen 4 10 puns. Barbados } y,,7 , eae 10 puns. Trinidad | ROLLA op hie { Bright Porto Rico SUGAR. Boxes and Caddies TOBACCO, 5 bbls. Split PEAS, 10 easks Washing SODA, 100 doz. BROOMS, 20 doz. WASHBUOARDS, 20 tins CREAM TARTAR, 20 cases 10 casks 3 casks MILK DISHES, , 10 dez. Assorted FLOWER POTS, 3 casks Nutritious CON DIMENT fer horses and cattle, 200 boxes TIN PLATES, 50 blocks Grain TIN, 50 pigs LEAD, 3 bars 1} COPPER, 0 (2 bush.) GRAIN SACKS, Allef which can be sold at lowest current rates, HORACE HASZARD, G1 Water Street.

Ch’town, June 3, 1880—2w eod

HAMS!

Very Choice Smoked,

EER & GOFP'S.

May 4, 1880.

HOUSE 70 LET

i OD ie "i a

( NE-HALF of that three-story BRICK HOUSE, situated on Upper Queen

Street, containing nine rooms; at present oc-

expied by the Rev. Alfred Osborne; with

coach house and stable,and pump in the yard.

; illuminating Rock OIL,

ALSO- One-half of the Brick House adjoining the a ove, containing the same number of rooms, and now occupied by Mr. Ramsay. Possession of these Houses given on or Apply to ALEXANDER HORNE,

i18sO0—2aw, pat oaw

May 27,

} ames STR. Miramichi, another lot of

10 BARRELS

In lots of 1, 2 and 4 dozen, to suit buyers.

W. E. DAWSON & CO. May 31, 1880—tf

At the Fish Market.

; QRESH. HALIBUT, Codfish and Mackerel; also, Smoked Alewives and Finnan

Haddies. Charlottetown, June 3, 1880.

FLOUR. —

10 BBLS. VERY CHOICE FLOUR JUST RECEIVED. B. BALDERSTON, May 26, 1880—3w ts

DORIES.

JOR SALE, Two American DORIES, in thorough repair. Apply at the

FISH MARKE?.

May 20, 1880,

a“

Y . t l f

- tae?

« % “ on

~ »

rm o Cite.

2

e* ‘

gs” le do not hold ourselves 1 sponsible (or the statements or opinions vj our corresponds nis

To. the Editor of the Examiner.

Sir,—I have lately received as a valued present from a friend, a beautiful photo- graph of the Tomb ef James the Third, King of Great Britain, Ireland and France; andof his two sons, in the Cathedral of St. Peter at Rome. Some old recollections have come upon me, and developed themselves into the subjoined lines. The Grandson of John Sobieski, King of Poland, who saved Christian Europe from being over-run and ravaged by the Mahometan Horde of Tarks ! The race of modern English politi- cians, who profess to consider that Constan- tinople in the hands of a strong, efficient Government, Christian as well as Russian, would bea danger and evil to England greater than that of the blowing up and dynamitation of the Czar, the Prince of Wales,the Duke and Duchess of Edinburgh, with allthe Crowned Heads and Hereditary Princes of Europe, by the Nihilists ! Proh! Pudor !

Your obedient servant, View Dunomyeurn Nan Orp. June 17, 1880.

‘, Here'sleep the hopes of Stewart’s Royal Race! Here sleep the hopes ef Seotland's faithful Clans! Here ends the course of Glory’s fruitless chase, To dark Onlloden Muir. from Prestonpans! The heirs of Bruce—oit England’s Norman} Lerd, Heirs of Plantagenet, and Tudsr too! The Rose of York,—the Lancaster abhorred, Whose vile rebellion England still may rue! The grandson of Sebieski, brave and true, Who from Vienna drove the Turk’s bar- barian crew.

if,

Prince Rupert of the Rhine,—had he but

known The tortuous policy his Line would trace, Ife who so nobly battled for the Throne, Had monrned the tarnished honor of his race, ‘Old times indeed are changed, old manners gone;” :

And Scotiand’s Crown on German heads must shine ; A German stranger filled the Stewart's Throne, Thy Niece’s grandgou, Rapert of the Rhine! **Tmperial Cesar, dead and turned to clay,” ‘* May stop a hole to keep the wind away.”

__—o om «+ cane ae nan

The Reserve Fund.

Shareholder and Insurance

(From the Gazette. )

There will always be persons among the holders of shares in joint-steck companies who advocate the immediate division of the profits. There may be cases in which such a policy is desirable, or at any rate not altogether objectionable, but such instan- ces are so rare as not to interfere with the general principle. The conditions under which the operations of large joint-stock enterprises are carried on are subject to se many fluctuations ; so much depends upon their absolute stability ; the revenue de rived frem the investments forms the total available resources ef many, and the chief maintenance of innumerable families who look for their means of support to the divi- dends derivable therefrom; that any line of policy insuring regularity in the payment of the periodical dividends is net only de- sirable, but in accordance with sound prin- ciples. But, say those who want to have everything divided at once, ‘‘ we are not bound to do anything for pesterity, inas- much as posterity has done nothing for us.” The genius who first invented this wonderful argument was wise in not hand- ing his name down to posterity. Suffice it to say, that though often made use of to- day by a lot of superticial optimists, the argument is as old as the hills, and reflects no credit upon anyone who seriously em- ploys it. ‘To deny ourselves present grati- fications in order to make prevision for the future is one of the mest important lessons that reason teaches us. and is one of the strongest dividing lines that separate the human being from the brute creaticn. But in laying by a strong reserve, or, in other words, by saving in a peried of prosperity to make up fora rainy day, our great banking institutions have earned for themselves a name and a credit that has greatly added to their dividend earning power. Nor have they done so at the expense of the present generation. On the contrary, every dollar added to the reserve fund of a bank or other joint-stock concern is just so much laid aside for the shareholder, to be return- ed to him at the final winding up of the concern, or if he sells out at once will bene- tit him by the enhanced price of his stock. This is the invariable result. A large re- serve fund not only adds to the prestige of a bank and its credit, and thus enables it te act with greater independence for the bene- fit of its shareholders and the welfare of cemimerce, and at the same time command confidence and respect, but by at once enhancing the property of its shareholders it places money immediately in their pockets. If,a bank, year after year, pays a dividend out of capital or reserve its shares immediately fall ; if it adds annually to its rest these advances, and if these re- sults are not at all times immediately mani- fest, it must be owing to other and abnor- mal conditions affecting the money market or otherwise. In declaring their dividends, managers and directors are wise if they are

‘value of money.

guided to a certain extent by the

At present, in Canada, the rate of interest is low, the cost of

{living is equally low, and a half-yearly

'

dividend of three or four per cent. will admit, in the great majerity ef cases, as ainple a meaus of support as four or five per cent. a few years ago. We believe that the present cheapness of money will ere long induce the establishment of new fields of enterprise, or that other causes will, in the not far distant future, tend to enhance considerably the value of money; aud when that time comes, it will be found that those banks which are to-day pursuing a wise and conservative policy will be those that will find it easiest to declare the larger dividends that the future may, make possible. In any case, shareholders will do well to sustain the action of their repre- sentatives when these are in the direction dictated by, principles of economy and pru- dence.

Commercial News.

foreign iron were among the impertations at New York last week, the larger portion pig iron and railroad bars.

Woollen Rags.—There has recently been a good demand for woollen rags.

Wool.—The new wool clip of Ohio is being marketed by farmers rapidly, al- though on a declining market. The season opened at about 40c, but has since de- clined to SJi@82e per tb. Farmers are said te be hurrying forward their supplies in expectation of a still further decline.

The Wheat Harvest.—A letter from Saline County, Missouri, says that the wheat harvest there was beginning (on the 7th inst.,) with splendid weather and ex- pectation of reaping the finest crep for the past ten years. Samples of new wheat were received in St. Louis on Wednesday frem

Eastern Missouri and Western Iilineis, the

condition of the grain beingtirs ¢-class.

7. eon + ----— sions enon