a —
a
Tue Daity EXAMINER.
written off what they believe to be sufficient | to cover every loss.
Your Directors have pleasure in stating that all transactions which have had their in- ‘ception in the current year have been free
oe
MARCH 3, 1580
. ~ | from loss, and they iook upon this fact as an. - Colorado as a Fie
‘indication of the approach of a more healthy
i state of trade. A Royal Gazett Extra, issued yesterday,' ‘The following is a summary of the year's ‘hat the office of Crown Lands operations : od with the office of The net profitsof the year, after deducting
Official Changes.
announces is to be a:malgamated
the statements or
of March Ist,signed **!
Correspondence.
; ' 2 } f :* ow” We do not hold ourse ives respons ible foi opinions of our corre spondents
l'o the Editor of the Examiner. your paper
Deak Sir,-—-Neticing a letter in : ; yeceived Islander, *‘ wno
: expenses of management, and reserving » ‘ ls oad eeleee bn wee - eee ee . ant . . iretends to be in Colorado, and V
Provincial Secretary-ireasurer on and | interest accrued on ceposits ten mee fa ‘ify statements made ina letter
_ i" . x e502 "797 KO 3C ‘ WSily va At . . te : after this, the third day of March. amount to . : j . i ii] 52 | welteh. gotne:, tine nen be. Me, in I wish to . , : e | v wees ‘ ‘ = &s “ Lar sae
It is reported (with what truth we know!Add to — pond balauce carrie a enh on ‘refer your readers to what R. W. wrote, and f
. -e “o rear. > . 0) ° ¢ ‘ > . . ae , sre-
not) that the Hon. Joseph Pope, the re- Se _’.. | think they will find that he is! agaily BL
i 1 Office, will receive rae il ean 4g] 17 |bresented by * Deceived islander. 8
tiring head of the Land Office, wi | Making in a : Poo, ‘| cid not say much to induce Islanders to go te
a Dominion appointment.
We understand that, at a meeting of the Government held to-day, tho Hon. Donald Ferguson was appointed Provincial Secre- tary-Treasurer and Commissioner of Crown and Public Lands, and the Hon. William Campbell, Commissioner of Public Works.
Hen. Mr. Mcleod retains his seat mm the Govern:nont without effice.
These changes are made under the pro- visions of the Local Civil Service Act passed Jast session. They are the latest | development of the policy of economy in- augurated and carried out by the present Administration. Assuch they will, with- out doubt, be endorsed by the Province at
large.
=?
Good Times Coming.
Tux Directors of our Banks, the best authorities in the Province, are of opinion that the commercial depression has reached its lewest ebb, and they look forward to an increase of presperity during the com- ing year. This is reassuring.
=~
A Question for Farmers.
Tuere are fifteen thousand farmers on | this Island. If every one of them would| raisa for export but one fat ox or cow, | which would sell for fifty dollars (8750,000) seven hundred and fifty thousand dollars | would be brought into the Province! Is} not that better than carting potatoes to} market for 16 cents a bushel? If so, the
16,222 99
ee ee
From this Deduet Dividends,Nos. 30 and 31, . " ; Showing a surplus for the year of $19,238 95 Deduct amount written off for
bad and donbtfnl debts of pre- vious years, Depreciation in Se- curities Xe., 18,632 44 Leaving at credit of Profit & Loss account, ; ‘ . $606 51 The Deposits, Circulation, and general con-
tained notwithstanding the unfavorable times, and it is satisfactory to note that the latter months of the year show considerable improvement over the former portion, and that its surplus funds, which the Bank were then unable safely to invest, have found profitable empleyment in meeting the legiti- mate requirements of a more active trade.
Thebranches ha ve been regularly inspected by the Cashier during the year.
Your Directors are hopeful that the worst effects have already been felt of the protract- ed depression which has marked the last two years, and trust that with prudence and cau- tion they may be able in the future to add from time to time to their Reserve Fund, which still remains at $65,000.
All of which is respectfully submitted.
Cuas. PaALMRR, Pres. W. E. Dawsox, Geo, Davies,
Tuos. W. Depp, James DesBrisay, A. L. Brown,
JonN Lx@s.
STATEMENT. LIABILITI R&S. Notes in circulation Deposits bearing interest Deposits not bearing luterest Balances due other Banks
263,646 24 153,354 44 29,733 27
Liabilities te the Public 696,857 67
sooner the necessary preliminary measures Capital paid up : 162,222 22
are taken che better.
Merited Reward.
Mason Morris’ Battery, Garrison Artil- lery, has been awarded the prize given by the Dominion Artillery Association te the Battery whose members attended the great- est number of voluniary drills for the year 1879. The prize consisted of a field glass to the commanding officer, and a gold lace badge te each man who performed twenty- five extra drills. This, thirty men of Ma- jor Merris’ Battery did. Corporal Love, of this Battery, won the prize given to the
highest individual score to Batteries armed with smooth-bore guns. The prizes are open to the whele Dominion.
Lieut.-Col. Price Lewis, in his repert to the general officer, speaks of this Battery in the highest terms. He says :—
“*Captain Morris in command. Present on parade—! captain, 1 lieutenant, 2 sergeants, 28 rank and file.-- Total. 32. (eneral appear- ance on parade, very good. Manualand firing exercises and company drill, very creditably performed. The detachment at gun drill ahowed they had been well instructed. Prac- tice was t» ave been carried on when I was at Charlottetown, on the 29th October; but a‘ week of stormy weather prevented it. The
ractice will be carried out in December.’ This Saatery is fortunate in having as an Instructor Lieutenant Irving, an intelligent and zealous artillery officer, who has qualified himself at the schoo! of gunnery. On the 27th October { was umpire to a squad of this battery coin- peting for the ‘“‘Gan Shift” prize of the Do- minion Artillery Association. I append a list ef the names of the squad. The work was very smartly and at the same time steadily performed in two minutes and twenty-five seconds. It has beeu recommended by you in a previous report that this battery should be converted into a field battery, which I trast may be carried out. At the same time I would suggest that, if the authorities shonld not see fit to establish a fall field battery at ence, a demi-field battery might be organized, {utilizing for it the two field guas and harness at present in store), and to be increased at a later date and finaily armed with a powerful field gun
Union Bank of P. EB. Ieland.
SIXTEENTH ANNUAL REPORT.
THe Annual General Meeting of the
| Reserve Fund
Dividends, &c., unpaid , . 1,355 70 Reserve for Interest on Deposit 5,091 90
Reeeipts » Net Profits on band €06 51
951.154 00 ASSETS.
Specie and Dominion (Legal Ten.
der) Notes ‘ Notes of, and Cheqnes on, other Banks : ‘ ° : 8,919 37 Balanees due from other Banks . 72,181 74 Bills of Exchange 42,339 52 Goverument and City
$ 89,848 92
Debentures
226,259 55 467,323 39 205,531 28
Assets immediately available ,
Notes and Bilis discounted
Cash Accounts ‘ ‘ ;
Bank Premises in Charlottetown
and Summerside 31,£59 78 $931,134 00 0 ee ae RR rN
PROFIT AXD LOSS ACCOURY, Dr.
To Dividend No. 30 ‘ ; $ 8,1 ‘* Dividend No. 31 . a j ‘* Amount written off for bad
and doubtful debts of pre-
vious years, Depreciation in
Securities, &c.,
‘* Balance oun hand
1$,632 44 606 51 $35.461 17 cr et ite a nem she By Balance from last year ** Net ordinary profits for year
$ 6,683 65 28,777 52
($35,461 15
Grorce Mac iron, Cashier. The Cashier also read the foliewing abstrae' of profit and less account, showing it more fully in detail. PROFIT AND LOSS ACCOUNT. DR. To expenses ef manzge- ment Head Office . . $11,608,14 ** do. Branches 4,849.55 $15,917.69 ‘* Ipterest paid on De- ee 6 kee Ss ‘* Dividends Nos, 30 and 31 ° ery ‘ 16,222. 22 ‘* Amount written off for bad and doubtful Debtsof previous year, Depreciation in Securi-
14,051. 2¢
Shareholders of the Union Bauk of P. E. ee &e. ae 17,632.44 , ‘* Balance at credit o Island was held at noon to-day. In the| piigig tous Account 696.5:
absence of the President, C. Palmer, Esq.,
a eee |
-—wio is slightly indisposed—W. E. $65,439.15 Dawson, Esq., Mayor of the City of Char- ’ lettetown, eccupied the Chair. The fol- —
By balance from last
lowing report and statement were sub- mitted :
In presenting the sixteenth annual report of | the Bank, your Directors deem it hardly | necessary te remind the Stockholders that the year just ended has been one of continued de-
ression in business, accompanied by dimin-
4: och ies 50 By gross profits for year
—Head Office $48 0 °0.50 ** do. Branches . - 10,72 9
58,646.5)
ished profits in every branch of trade, and by failures exceeding in number anything pre- | viously experienced in this Province—a state of matters entailing upon them a grave amount of anxiety. ‘his unfavorable state of things his affected the Bank, more particular- ly im the depreciation of estates whieh had been in the course of liquidation during the dast two yeas, and en which, from continued shrinkag: in values, dividends considerably | lesa than might reasonably be anticipated have been rea/ized. ‘
ed by H. J. Cundall,
Esq., the report was unanimously adopted.
On motion of William Welsh, Esq., second- |
ed by Lemuel L. Beer, Esq., the Directors
were voted $2,000 for their services during | 500
e)
the past year. The old Directors were unanimously re- elected,
—_— rE + ge
$65,430°15 |
Oa motion of William Welsh, Esq., second.
i | i
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\nections of the Bank have been fully main-/; ~
j | ' j }
i
j ;
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{
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‘ j
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A husband whose wife had joined the ran! s |
Your Directors have, within the last few jin the south of England, stormed the camp
days, scrutinised anew the assets of the |last month, and, after a fierce contest of fifty KO the Cheapest and most
Bank, and have, after careful examination, | minutes, carried off the truant vi «t armis.
,of the crazy religious enthusiast, Mrs. Girling:, |
;
jhave been accustomed to here n¢ lment; and even that he said they would not
las well as
iby Fenton T. Newbery, Esq.
Colorado, unless more hard work than they be an induce-
he likely to get for some months.
‘‘ Deceived Islander’s’”” statement that R. V. has been in Denver four months, and been idle two, is utteriy false, and needs correction some of his other remarks, if they wre worth taking notice of. j am, yours, etc.,
A Ferenp or TROTH.
March 3rd,_1880. SUPERIOR
EXTRA!
STRONG BAKERS } SPRING BXTRA §
A Choice Lot Cheap for Cash, WHOLESALE AND RETAIL.
B. BALDARSTON,
Qusen Street, March 3, ’89—4w 2aw
FLOUR.
a fat "9 Leh
u ibd, 4 Jus
rano LET, that NEW BRICK HOUSE | situated on Pownal Street, now occupied Possession given in May next. Also, Cottage, with land attached, situated on Malpeque Road, about oyne mile from the city. Possession given
4
‘iminediately.
$250,123 72 |
THOS. W:
Marcli 3, 1580—pat eaw
Shop t t
op to Let.
oe Store lately occupied by Dorsey & Jost, on South Side of Queen Square.
Possession given first May next.. Apply to
HORACE HASZARD. Ch’town, March 3, ’80—-Sw ed
‘GRAND Yocal & instrumental
CONCERT
aa a oe
Charlottetown
PHIL
PpOoDD,
D Be f} “dh SPC
Awe Fe § : ea
Hindi i; Jt LIL ; ON — :
ae DP 2 iyi Fins Wel 2
IN THE—
¥. NG. AL HALL.
To Commence at 8 o’elock. Admission 25 cents.
sm or further particulars see Programmes.
Musical Director. Feb. 27. 1880—2aw
DA’ FLOUR.
AND OTHER
Choice Brands,
FOR SALE AT
SEER & GOFFS’.
Jan. i2, 1880.
pene
socszei/ Valuable Property for Sale.
FENGAT FARM lately owned by John and Peter Meikle, situate on Lot 23, in
~— ——..- | Queen’s Uounty.
For further particulars apply at the office of Messrs. Hopeson & McLeop, Charlotte town.
Jan. 9, 1880—eod
Hake. Hake, Hake,
QUINTALS very superior WHITE HAKE, pickled cured, equal to Cod- or sale low for cash. B. WILSON HIGGS, 52 Queen Street. Charlottetown, Feb. 20, 1S80—2w 4iaw
fixh.
{UBSCRIBE for the DATLY EXAMINER,
published in the Provin:ss,
la for Emigrants.
Newsy Paper
i i | | i }
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!
}
| i | { } }
|
SS:
MARC i380.
URSTOCK-TAKING SALE ( during the month of Febru- ary has been very successful ; we have therefore decided to continue it through this month. The demand for patterns, as everybody knows, is always great, and we regret to say that in this line we have been par- ticularly busy. The desire for “ snifs’’ has become chronic, but
we trust a healthier state of
things is in the future.
Our Dress Materials have had a steady sale, and give great satisfaction; their quality and
unsurpassed cheapness make them very tempting. Black
Cashmeres and Lustres are in great request, in “snips” of 8 to 16 yards.
We have recently received a new lot of Gents’ Spring Over- coats and Suits, also a Jot of Suits for Boys; all at very low prices.
Genis wear of all kinds we find to go off very rapidly. We call especial attention to our Fine Black Broadcloth, Tweeds, Linders and Drawers, Ties, Paper and Linen Collars, Hosi- ery, Xe.
Carpets, Hemp, Scotch, Felt
land Tapestry, a very good as-
sortment,and ridiculously cheap, Hearth Rugs, Door Mats, &e.
Table Damasks, Wool Table Covers, Linen. Table Covers, Towels, 40 cents per doz, up- wards.
Our Dress Fringes at 5 to 10 cents per yard, and Ladies’ Dress Caps at 10 to 20 cents, are seil- ing readily.
New Lot of Prime Teas just come in; our 32-cent is nearly run out, but we have on hand a few chests of 36-cent Tea, which we retail onLty, Our 40-cent ‘ea is regarded as the best in the city; but all grades sell rapidly. We sell in caddies of 5, 8, 10, 15 or 20 Ibs., neatly done up, so as to retain the flavor.
All kinds of Dry Goods cheap for Cash at
TREMAINE & METGALPS,
838 QUEEN STREET.
Ch’tewn, Feb. 28, 1880.
17
Meeting of Parliament, ST. JAMES’ KIRK
BAZAAR!
— a ee ee
TINHE Ladies in connection with St James’ Kirk will hold a Bazaar for*the
Sale of Fancy aid Useful Articles,
-—-ALS0—
A Tea and Refreshment Table, On the 3ist March Next,
—Ix THE—
MARKET HALL.
The proceeds to be applied to the ligni tion of the debt on the Chureh edifice. —
Doors open at 2 o’clock, p. m.
Admission—Adults, 20 cents; chi half-priee. Tickets to be had at the Drug Stores of W. R. Watson, Dr. Dodd, ©, D Rankin, and at the door. C
PresiDENT. -Mrs. McLennan.
ComMI1TE"—Mrs. McPherson, Mrs, . worth, Mrs. A. Kennedy, Mrs. Stirling, Mrs, Lord, Mrs. Dunn, Mrs. McLaren, Mes. A, Murray, Mrs. Cavanagh, Mrs, Rankin, Mrg) P, W. Hyndman, Mise Mackieson, Migs Owen, Mrs. Malcolm McLeod.
T. A. STEWART, Feb. 19, 1880. Secretary,
Coal. Co:
Long
Coal. ~ ()* HAND, and SELLING CHEAP, by
i’. S HWANFORD, 433 Water Street,
March 2, 80-31
Kerosene Oil. 85 CASKS STILL ON HAND. ° CARVELL BROS, March 2, 1589- Si pat 2i
HWerchants Bank of P. B, Island
rENHE Annual Meeting of the Shareholders
of this Bank will be held at their Bank- ing House in Charlottetown, on THURSDAY, the 4th day of March next, at the hour of Ig o,cleck, noon, for the purpose of electing Di- rectors for the ensuing year, and the transae- tion of such other business as may be laid before them.
Proxies for voting must be left with the Cashier at Jeast one day previous to the meet. ing.
Wa. McoLEAN,
Ch’tewn, Feb. 21, 1889, Cashier,
LECTURE. —
ROFESSOR ANBERSGN will de- liver the third lecture of the Coyrse jg connection with the “+. Batriok’s T, A, & &,
~ ST. PATRICK’S HALL,
”
Friday Evening, oth March, Subject—“ MACBETH,”
Doors open at 7 o'clock ; Chair to be taken at 8. Admission 10 cents. RICHARD WALSH, Feb, 25, 1880—th st th peeretary
amentiine natn
CAUTION,
FYNHE public are hereby cautioned not te pay to any person except the under- signed, debts due to the firm of McKinnon, ~ Fraser & Co. WILLIAM JOHN FRASER. Feb. 19, 1880.
neem — Hj y >
CHESTS, Strong and Excel- 55 half-chests, lent flavor. CARVELL BROS
—)
NOTILTC EH.
YEXHE Best, Shortest and Cheapest route to Cape Traverse is via Train to County Line Station, thenee vin Hvenss’ Teams Capes—which are in readiness gt all times, J. W. HUGHES, J. HUGHES. Feb. 25, 1880—tf
Sole Leather. TOO SIDES LOG AN’S BEST, 50 Sides " No. 2. CARVELL BROS, ? ~~ yey ~ eee Canadian Pacific Railway, |
—— ee ee
by for a second 100 miles sectio Wast oF Rep River will be receiv by the undersigned until noon on MONDAY, the 29th of March next.
The section will extend from the end of the 48th Contraet—near the western boundary of Manitoba—te a point on the west side of the valley of Bird-tail Creek.
‘Tenders must be on the printed torm, whieh, with all other information, may be had at the
"| Pacific Railway Engineer’s Offices, in Ottawa
and Winnipeg, en and after the lst day of March next. By Order, : F. BRAUN, Secretary. Derr. oy Raitwars & Canats, } [fe 19, 2a Ottawa, llth February, 1880. { till 27 mar.
{ UY the DAILY EXAMINER for tbe hetews news—loval aud telegrapiae.