A

.1

Agreesnen l l eunnmlQll and definllalexazi}: grunt cbfldroastda: _l .5 l

Crown Lihldeallonalllsnd

_ a

J. n. rinillr M- General A86!"- filflnnlcrslfli, P. E. r. 145 Gl- Gw-

_____...-

Western Guardian

General Agent, District Representative. 5t. Ch"1‘own

_____________________.‘___ Mlniawrnndhls family whowereso

auliaota, N-I. > iris/ls, w. a. ssurn ennui-amen, e. n. l.

vrel1 remembered.

‘NEW YEAR WEDD@_G~—- A very pr-ehiy wedding wills ll’

"Canadclfls Economic Situation

‘hold thfitroducooiills m, ileids ; ganiiations can make the necessary

' them to do so. ‘lri-nlwflllzlllll um‘,

B.W.IoaW,0lalresanand dessgGanadlanPadflchllways

Nine months oi progressive develop- ment and three oi healtanoy. l! it were possible or advisable to attenipt to state Canada's economi history over

the past year, it ls possible that these I words would describe it about as just- m“ ' a i h P’ “ma” l"

, , , who Presbyterian Manse, Kenslnztoh iungomlirglsunggeigliftss‘ 111;‘ Ion New Year's Day when Miss Mar- ““" ' ' " guret Estella Anderson oi smiley

ly es so many words could.

iairs were moving iorward on a. wave

A yeer ego Canada's ecolumlcni-

l

individual or as themes. vim-i

nomwhathsbalitvestobeanun- iavorable market. li~he or his or-i

iinancial amusements it ‘is not only wise: but in a sense incumbent uboih

inn inult ailflerbutj-ho prosperity o! this country is rvrheiminlly W, ohlei iaetor "lathe prosperity oi its publidservices. As iavm-ing the in-I creased prosperity oi the iarmer him- sali and that oi the country esa whole, neither the railroads nor the‘ business community ienerally could uehtller than zretlhed were the fllllll analysis to show that the result oi ollhpllln had boon-either to lnorcasc the return upon our olbortabie who or to prevent its hsvini been throv. upon a weak market. Prolonged dei in msrketin: the crop could n however, but have eilect upon zenel. business. even ii meniiested only i1 a ‘sympathetic hesitancy in mer-

mayprovetnbointheenditisone oi those re-ndjuatments oi accepted‘ methods which may be expected to temporarily disrupt the regular flot-

riw cnanlhrvltrovvw GUARDIMI ~.' . —r—*.*. "if .

v0 ‘wl ln‘u_y_nv_v_evrr~

a .~q.-»-.. .

u‘ , . -.-.-='>:~»

clear-lug at reduced prices. At Sinc-iB was umwd in marriage w

lairs. B94-1-4-2l | l

Madeira. linens, only small quantity lcit. At Sinclair's. 894-1-4-21

-sl.lcllrr|.v uarvlsasn ALL LINEN napkins selling bargain pric- es. At Sinclair's. 894-1-4-21

-l5 TABLE CLOTHS. all linen. sizes 2x2 srld 2x22’. Selling 1-3 oil regular. At Sinclair's. 894-1-4-21

-—-MEN’S OIL TAN MOCCASINS. B inch top, $1.85. l0 inch top. $2.29 per pair. Al; Sinclair's. 894-1-4-2!

-SPECIAL LOT 0F MEN'S‘ win- icr ovcrcoats, clearing $13.95 cach. At Sinclair's. 894-1-4-21

-s£.vi3.\l mu: BAY llALL.Jan-‘ uary lath, Bazaar, Chicken Suppcinl

Sale Fancy Articles, Special lbtléfltSlfor a km‘ and happy scum“

’ and Games. Docxs open 5 o'clock. Admission flee. A _big time ior all. li not fine, then on 15th iollowing

884-1-4-3l.

-LADIES WINTER COATS, in- eluding cloth or iur. how selling at reduced prices. At Sinclair's.

—Sl'EClAL rmcss on odd lineslsa

Mr. Donald craniord McKay. oi the me place. The bride wore a. beau- tiful dress oi brown zcorgetto with na-Xlsparent velvet trimmings and hat, shoes and stockinlfl to match- she was attended by her sister Miss Evelyn Charlotte Anderson who was duintily attired in pale pink awr- gette. Mr. Montzomery MacEwen acted as best man. The Rev. T. Lewis Williams, B.A., B.D., pastor o! the Presbyterian Church, Kenning- ton‘ periormed the ceremony. The happy young couple leit isnmedistlz- ly ior Stanley where a. reception was held at the home oi the bride's par- ents, Mr. and Mrs. R. J. Anderson. Mr. and Mrs. McKay are popular young folks oi Smniey and a show- er was recently held in honor o! the bride. The gifts were numerous and valuable, showing the high esteem in which they are held. Congratula- tions and Rood wishes go with them

through lite. (Patriot please copy.)

._____i__.i.

PERSONALS

—Mr. and Mrs. William Strong oi Summer-side spent a very enjoyable New Yeas-s vacation at the letters

894-1-4-21 I

i I

, Summcrslde on Tuesday from a. short Church services Jan. 5th. 1930 10 awivisit to Halifax, N. S. He folio!!! m., Sunday School; 11 a. m. Sermonlthet there is very little snow in that "Shadows or a Great City." a p. mwicity-S,

~¥TJ£SBYTEIIIAN CHURCH in Canada. Kcnslngisn and Freitoojn

Freetown? 7 p. m. Sermon “New

Men and New Years." Rev. T. Lewisl —Miss Ethol Tahtorl c! the leach- llng staii oi the Sllmmerslde Hifih Eschool, returned on Friday loom a ~—SEP~VICE 0F SONQ-On Sundsvkleligrltiul trip t» Thronto, where she evening Dec. 22nd. A delightful service l spent the Christmas vacation-h.

oi‘ song was hold in the Presbyterian‘

Williams, B. A.‘ B. D., Minmr.

Church. Kentlmhou by the members oi the ciloir. alter the regular service. The church was filled to capacity, and the music was oi n very high oi-drr. Alriileuls. solos and ducts were rendered. Among the numbers were two beautiful duets by Miss Miriam Profits and Miss Olive Dulzell and a~ Welsh; solo by the minister. Th: service was most inspiring and repea- ted requests hm": been received to devote ircm time to time. a short period to the singing oi sacred songs.

-—liNTER"l‘/\INIlll-.'NT AND CHRIST- MAS TREE. lfiENqlNGTONw-On ‘Friday cveninz. Dec. 20th. a splendid ‘filttlrfiftlllltitlll \\'ii.h Christina". tree on". hclii lmdcr til-r auspices 0i Ll)". Sunday School. Tha- programme consisted of songs, recitatiohs and rlislozucs and was gretly enjoyed by ihv largc number preszm. despite the lll"lt!ill8lll- tvcathcr. The children p-ufcrnlcd ln a very oillcicnt manner rc-ilcrtilxg great credit upon those in charge, viz. Mrs. Jar. Jardine. Mrs. Jrs, Bernard and Mrs. Jas. Proiitt who rerldcred unstinted service, and

to whom words of appreciation were

accorded by the mirlstcr. A very

pleasing feature was the spinal-once. of Santa Claus who delighted the children with the usual treat and gills. and was not unmindiul oi’ the

‘QQ-Oifi-QOQUOOQOOOOOGQQ-OOO.

"r EYES TESTED i

. i sun i otsssss emu:

s. w. nrtoa i, s. s. rsvtoa

.,l

5 ..~ ifl"lchleedairett ' 3

some in Port Hill-S.

-__--

-Oa-pt‘. L. A. Moore returned to

-_-

________________._

Many new motor trucks are beinl put into service on hllllwlyl 0i P0- land following me increase oi rail- , way freight, rates.

Annual Meeting.

i

rut: cnannorrizrown nnlvmo rum AND ‘PROVINCIAL ex- nlnrrlori ASSOCIHHON

The Annual General Meeting oi I the above Association will be held ln , the oiiice oi the Secretary, Room l7, 1 on Wednesday, January lith, 1930, at Ithe hour oi 2.30 p. m. f mites this zatn day oi December, 1 A. D., 1929. By Order,

J. W. BOULTEI» Secrets y.

1-4-li.

Horses Wanted

Si: horses i300 and upward, ilve t0 eight years old. Will be at Inge’! Livery Stable, Tuesday, hnnary 1th.

(Signed). ' M. W. WOOD, 8914-4-21.

Annual Meeting

The Annual Meeting oi the New emu mil-yin; calmly will be held oil Tuesday, h:

B. G. IBLAIIN, President." ‘ D. MOLIIIN. leerotary. 900-1441. ‘ '

.3? not. M. Emanuel . 3:

.1‘¢' '._u',1<,_-\,_ .V-,~ l: Ftlffloflflldfllyll’. Kdlll Circuit _

ll A -1-¢est&.u vim.» .

Elementary and

flours: lie. an. to 8p. n.

‘

Advanced Students

oi financial and industrial progress in the path oi which there seemed to be no threat oi interruption. That move- mcnt was soundly based on tlu nat- wai wealth oi tbecountry nnd the progressive enrichment oi its wit: over a term o! years going osck to about i921 or 1922. There had been a succession oi Iood or very guJd croprl. trade and industry had moved iorward with increasing ini- petus. Foreign trade had shown e steady increase‘ in volume, and ovcr a large part oi the period there had been a zratiiying balance o: exports over imports. All this Zlad meant n strengthening oi the country's iinan- ciel structure insole: as it entailed an increase in the average wealth o! the individual, the prozressive- develop- ment oi national industries and the broadenin: oi our financial opera.- tions. It fostered s new spirit oi op- timlsm in the minds oi tho Canadian peopleand set them not only locking with confidence towards a greater and more prosperous Canada, but actually building towards it aion: lines oi in- ‘ creasing ieeilitles ior trade ea- and toward the exploitation oi nut- ural resources that ior many years nod invited development but which had been ieit practically untouched “w” “m”- awalting such time as Canadian en- terprise should be ilnplernen‘ ‘ by an increase in the country's lrlvestible wealth and by the enlistment oi out- side capital ior that purpose.

For the ilrst sever! or eight months oi this year such conditions contin- ued to pertain, practically without in- terruption, until the threat oi s par- tlel crop iailure in Western Canada became an assured iact. the resultant movement towards les- sened business activity was reluctant. During the previous six or seven years I Canadian industry and trade had de- W“ "Wmnwd l" u" Pill- veloped a diversity and colume that was lmlikely to be seriously disturbed by anything short oi a disastrous ‘country-wide crop iailure.

Even then

at that time was the apperentiyrea- sonablo eltpectetion that high prices "N oithis iailins of! is amply illus- trated in the iect that the Canadian Pacino gross earnings ior October, as compared with those oi the some month lest year are down 85,867,889. while the net shows a iallin; oi! oi 1t was early evident, however, that $3,999,441 W!‘ "l0 fir": Nil 1110MB! oi the year the gross revenue show a

pensate

to a ierze measure would the country at large end as the crop was thrashed its hizh quality and, in many districts, its unexpectedly good yield stimulated re-essurem

panics would be eiiected materially by

Dividend Ill] b0 pill l0 stockholders.‘

the earnings oi transportation com-

the lessened .olume oi traiiic, and as

oi business.

A third notable iactor in the years business was seen in the unexpected and unprecedented decline in stock quotations ior securities. This was a much more spectacular event than any other, making ltseii ielt in the year's economic scheme, and while it is not possible to believe that it" could happen without, ior s time adversely aiiectinp; the ilow oi general business. it may conceivably prove a less im- portant isotor in the long run than others which have attracted less pub- llc notice. The year-end retail trade is doubtless eilected, with consequent repercussion upon other lines. Luxury trades are those which most natur- ally may be expected to be hit, but there is little reason to suppose that the eiioct, will be long lived. The decline from hilh levels was to have been expected since market prices ior stocks had long since ceased to bear

stocks have lost nothing in the re- -=-_' ‘ ‘ while the “ l‘ indus-

thes-l they were before the decline in: I have dealt with the ilnisvorable iao-

in: the pest year Iiaeh oi them is a

35,10,042. _

the percentage oi wage distribution

incident to the operation oi railways and other transportation agencies is large, the decline in traflic couldnot

be without some eflect upon the nor-

mal purchasin: power. Then iollowed

the interruption to the customary

movement oi western grain to market consequent upon the disagreement as

to market values betwfln r

buyers end Canadian sellers. Here again transportation earnings were seriousw aflected. It should be point- odoutthatthegrainisstillintbe

should eventually receive the traliio temporarily wltheld. In the mean- time no one will seriously question the right oi the tanner, either as any

their service and in incmlsln! the efiiciency oi existing roadbed equip- ment and plant. To do all this on borrowed money is unnecessarily ex-' pensive, adding to the cost oi rail- road operation and thus attacking at its foundation the structure upon which nlizht be based ally rsesonible argument ior ireight rate reduction.

year hos been an important one in the matter oi such expenditures es I have reiorred to. Out total expenditure {or the past ten months oi the year on new lines, rolling-stock, ships, hotels and betterment generally was well ovcr tie, .000. The company's board oi dlrectors- believe that even ii this expenditure were not entirely lusti- iiedby the percent-ego oinetearnlngs it was not to be avoided ii the Com- pany ware to maintain its position as a ‘leader in Canada's economic de- velopment or to provide the ieeilities the country must have i! that de- velopment is" to go iorward.

any relation to their earning powers, but instrinsio values behind the

tries and resources they represent are I today no less potentially productive muscle t-hlt the 59191911991341! the country and its trade will not con- tinue to vmsress as it did durin: the zreatar pest oi the pest year. Sooner or later conditi check the movement will be but e molnoryi The cusses which underlay conditions existing during the past three or iour years were iundalnent- ally too sound to have ceased to iunction, and there is no evidence that the forward movement had been accompanied by over-production in any line of industry. '

Hsvina touched upon these thinzs

tors that have disturbed the forward progression oi Canadia business dun"

passing phase oi economic conditions and it is probably a iaet that when the temporarily adverse eflect oi each shell have rim its course. vflanedien economic conditions will be that much the moms soundly based and it will be iound that the way has been cleared ior a more vizorous and better bal-

arter I anced forward movement than has m’ excepuo“ o! me n“ q“ o

the year the trend o! general busi- ness was towards a distinctly higher level than was rooorded in ms. Dosh- inion Government lndices in car load- ings. steel output, employment. bank clearings and imports showed con- sistent rains well up to October. m the case oi ear loadings the tailing oi! came somewhat earlier due to the dc- lay in the wheat movement. what this latter tutor has meant in loss oi rov- enue. in the-railways may be gathered from the iollowing figures. Up to Nov- ember 80 this year. total carloadinu wero 8,311,014, a decrease from the same period oi 102s oi 131,014. Tho

These are the conditions which are directly and solely responsible ior the reduction in railway earnings that this year will appear in the annual

Set against the reduction in yield whorl-s oi- the companies doles. l»!- ness in this country. The serious note

da-‘un’ °x ‘muting’ “d m’ m“ decrease in western car loadings ior

same period totalled 189,472 cars. while eastern car loadings showed an increase durins that period oi 67,558 (cars, thus establishing-the iest that

The Company's net ior October tot- als 87,809,836, and ior the ten months lit is $35,441,625. Attention is drawn l particularly to these declines as tend-l in: to show how narrow is the mar- gin oi net revenues under which the Canadian r ‘ways operate. For the ten months under review the Oom- pahyb ratio oi operating expenseaytn gross revenue was 80.10, ‘thus lsavinl less than 20% ior betterment and ex- tensions to the system, interest, divi- dends, etc. At a time such es this when Cenadianlindustry ls deveiopini and broadenind in every direction and where there is an imperative need ior branch line extension over broad areas oi the country, the railways are called upon to make unusually ‘heavy expenditures in the providing oi ad- ditional iaeiiities_‘_ln every branch oi

maintained a high level oi activity vnll up to the end oi theqear. This is again evidenced by the index oi_

1m has moved on a his er level than

IbrtheOensdis-u Pediicthepest

There‘ appears to be no reason to

which tended to

It is interest _ to note that with

the industries oi eastern qnluia have

employment which aimos throughout

manyyearaineeitwubegiminlm. November first it stood at 1243a: compared with 11s.! a year previous.

Itsbighest point ior the year was reached Auiiist om st iris, which we‘: e record since the end oi July. 1m, when it steed at iis.4. -

‘rhereexistatoodmanyothorinq dicetorsjuoh as these, each one tell- tblng pi the

in; is its own way

371-11 IVERSARY Wholesale Prices in all. Departments

In every departmnt there are great collec lions of bargai before stock taking. Savings oi all sorts i or wise shoppers-savings of which many - of your neighbors have taken advantage. And_ then, in addition to the lines spec-

Wholesaley Prices in all Departments i,

ially advertised, we are oflering.

us", reduced for clearance

"every instance the theme is the same. Gther than in the case oi those ac- tivities which have been directly si- iected by one or other oi the ad- verse iactors upon‘ which 1 have touched, the industrial and business aiiairs oi Canada have recorded heal- thy progress, and it ls not now‘ easy to see why that progress should long be interrupted by such passing events as I have reierred to. The develop- ment oi our natural resources and the broedxiiverslflcation oi our industries have received no serious check. The increasingly productive exploitation o! our new mineral areas goes iorward without interruption, and I have so iar heard oi no falling oi! in the in- terest displayed by the older parts oi Canada towards those new north- western rosions. which 1 believe will in a very iew years make most im- portant contributions to the wealth and power o! this country. I seeno evidence to support a suspicion that men at the heed oi our industrial or ‘ ‘ l institutions have lost lhyoi their ieith in the iuture oi this eoun- . try. nor are they likely to show any loss courses in the iuture than they have in the plat when, during the coming year, they lot their hands to the task oi strengthening and extend- ins the country's economic fabric, each working in his own way and alone the lines oi his own business.

Company will continue to carry ior- Word the prozram oi extensions and lmwovoments that has been under

year put into operation over 300 miles oi new branch line and it is probable we shell do the same during the twelve months to come." Our ship- blllldlnt Pfwrsm will be curried -on dlllllll the your by the entry into aer- vico o! the “Impress o! Britain," the

°ll m! Dllby. N. a-Saint John ser-

storyoithopestyaar-In practically

‘rho Canadian Pacino Railway

way for some months. We have this

"Home: 0i Japan," two new ships 0n the PaciiloCoast lino. and a new ship

vice. In the hotels we shell add- a MW wins to the Rom York at Tor- onto, and make impel-tang impmw. monts at the Royal Alexandra Win. Hills. and at the Vancouver Hotel.

governor-general ol Canada. photographed.“ Dominion, British West indies, with two girls in the old native costumes oi the island. On his leit is Miss Devon, -t and his RIGHT. Miss Ohlllll- His Excellency between and Lady Willingdon began their the Lady Rodney.

_ Touring. West ‘Incxlies

3 - ' . tour o! the Won In His Excellency Viscount Willing» from llama; win-in

"Ole Bill," the dist tendon motor omnlbustebeusedirlt-he World war, carried some oi the mourners at a tuner-cl recently oi a Ilondon

We shall also build a new hotel at Kentville, N. 5., and assist at the

buildihl oi another at Yarmouth in

the some province. Early in the‘ new year, also, the board oi directors will give the usual consideration to the year's program oi botlermonts and ex- tensions to the railroad and its equip- ment I do not know that it is pos- sible ior the Company tn better ox- press its complete confidence in the ieture oi this country or any better

a1 development.

Qlliwk