v

f LANSEA COATEES and

llenonstration (tonilnues To-day

On’ account of the "great interest in‘ these wonderful LANSEA garments, Mr. Burt and Mr. Pritchard have ,1‘ agreed to remain all day Wednesday.

‘LANSEA SUITS . . . PERFECTLY MADE . . . Knitted in Scotland are now available at

$12.50, $15.75, $25, $29.50

rv

SUITS

runLovnas $3.15 t» $8.95

‘nkwillllisilld on

1a.: ., ‘Les. 1... .4 m.‘ _.~ _ ,. _>,..,s......~...a.._.-_<.,,,__v . .

Bank of Nova

‘nits. nruumo, B-A~¢-->-A~<=!~=-A

Gertified Pupiic Accountant and Auditor

Bookkeeping systems installed or revised. Profit and Loss Accounts Computed,

Trustee under the Bankruptcy llct

Company By-Laws, Minutes, Annual Statements and Reports Prepared.

‘Administration of Estates a Specialty. MONEY TO LOAN.

y '_ Charlottetown, P. EJ.

Scotia Building

tn

‘I'M “WWII qreecb was deliv- cred by Inn ltobertsat an enter- lcal contest which was held atthe Maritime Winter Fair. Amherst. Nova Beotis. Ivanbept upthe good name of the Island by carrying of the honours in thk contest. m. Roberts. who is at present attend- ing Prince of Wales College, is one o.‘ the leading debaters of that m- stitutlon. He ls s son of Mr. Atbol Roberts of _H!Ghflfld.

OO-OPIIATION

During the past few years. in which individuals and orgsgnlss- ticns have failed to withstand the fatal shook oi a world-wide depres- sion, our minds may be very prof- itably employed as rural people in the oonsld ‘ion of the details and benefits of oil-operative effort. So much has been said and written heretofore, however, in this connec- tion. that it is with a considerable measure of diffldence that I ap- proach the discussion oi the subject, and yet, when a. study is made ci’ the - rinclples on which cooperative effort is established. and on the other hand the reasons why co- operative enterprises have failed, the conviction is impressed on our minds that we are still ignorant of the true nature and intention of cooperation, and that there is real neowslty for careful investigation of this complicated and important matter.

Possibly one of the best defini- tions of Ctr-operation is “a Union

_ of the Powers of the Common Peo-

ple for the Common Good," and mayhap the best application oi the term is found in the home life of the nation. Here we find an un- selfish spirit cf united effort for the good of each member. Each person works and sacrifices, and shares the i031. the benefits, the losses and the sorrows. assumes le- spora.s'“‘!ities uncompl ' ' ly, with the view of protecting the home organization and the members who comprise it as one unit. Compare this situation with so-called Co- operatives which have gone under, pick out the differences in the fun- damental principles under which

i both operate and it ls not diflicult

- Return limit-Monday,

181 Queen Street,

Coach Excursion to Sydney

Going-Friday. February 14th, 1936

Fare $8.10 - W. K. ROGERS

February 17th.

Charlottetown

RIIEIIMAIISM

[luau 0'3 l.T|.NIM_i-_I_NI_

EYESIGIIT T EXAMINATION

Fitting and Suaplying Glasses E

n. .1. vileou

OPTOMETBIST MONTAGUE, ‘P. E. I. Office Connected With

Drugstore.

l

-_We have in stock at lowest f. prices.

Fish Meal Swifts Digestcr Tankage Oil Cake Wheat Bran FuIl-o-Pep Poultry Feeds Silver Tip Poultry Feeds Silver Tip Mating Cubes

i Silver Tip Cod Oil Biscuits Silver Tip Meal Silver Tip Bread-Meal

_ Fox Meats and Smelts Swifts Fur Food

- _ Wheat Germ

_ Wholesale and Retail gllrogresslveigg and

T workers

l

“Sewing Gircle” Organized At- Rideau Hall

(C. P. By Guardian's Special Wire) .OTTAWA, Feb. ill-Greatly in- terested in what is being done by the women of Canada towards al- leviating distress among necessltous- families in the West and elsewhere, Lady Tweedsmulr, wife of the Gov- ernor General, has organized a "sewing circle" at Rldeau Hall. Regularly small groups of women, including mcmbe s of the house- hold staff, assemble at Government House to engage in old-tlrne “sew- ing bees.”

He;- Exccllency has made it her business to ascertain conditions in the distressed areas and study the work of the various organizations handling relief. Her own contribu- tion has been to institute the sew- ing circle, the products of which are distributed to existing agencies for disposal. ' '

Appreciating that the need still exists Her Excellency has voiced confidence that efforts of voluntary throughout Canada will not only continue unremitting but will be further stimulated by the urgency oi the circumstances.

PRINCESS REWARDS SHARP SHOP GIRL

LONDON, Feb. ll-A temporary assistant engaged for the holiday rush at a Regent street store, who detained a woman who had taken a bag belonging tc a foreign prin- cess, is to be handsomely rewarded. ~ The assistant, a Miss Francis, of South London, saw the princess place her handbag on the counter rwhile she made some purchases.

that another woman had picked up the bag and was walking away. Miss Francis ran and detained her.

When the bag was recovered-it contained nearly 3,000 pounds worth oi jewellery, money and bonds-the Princess told Miss Francis to come to her hotel tn be rewarded, but the girl did not go.

Inter, the Princess telephoned to the manager oi thg store and said that she wanted to reward lillss Francis with something like 200 pounds. Bhe added that she was having the Jewellery Issesse

d. .andthstllissl'ranciswouldgeta

further-reward from the auesscr.

_.»~.._~.

it USE

A isw moments later she saw n"

to designate the causes oi failure? selfishness and disloyalty are two of the principle reasons oi the downfall of Cooperative organisa- tions. The spirit is too often evi- dent, that Cooperatlves are good only so long as they render to the member a greater service than out- side agencies are capable of giving. Just as soon as private influences meet the services oi the cooperative, the weaker elements act on this principle and break away from or- ganized efiiort. Cooperation does not really exist where such indiv- idualism predominates. The im- provement which the (lo-operative has made in net returns, the stab- illhy lt oflers in marketing, the protection it offers in the main- tenance of price, the tremendous advantages it establishes in volume selling, and in buying-these are often sacrificed to the urge of sel- fishness which manifests itself in turn in disloyalty to the group. While we criticise competltivefcrces in the form of the merchant, the drover, the middleman and other agencies, one of the most sinister forms of destructive competition which a cooperative experiences. particularly in marketing, is the farmer himself. Take, for instance as an illustration, the marketing of hogs. If all the producers o? hogs in a given territory sold through the Cooperative, the strength of compete unity and bargaining power would derive the top price the market would be cap- able of paying. If, on the other hand, for some reason, a. number of producers in that area sold as individuals at. prices netting 1-2 a cent per lb. less than the market could pay, these few by that act have set a standard for quotations in that district. Their competition with their fellow farmers in selling has weakened the hand‘ of the Co- operative, demoralized the whole market structure. and materially reduced net returns. Complete one hundred percent cooperation, sym- pathetic and uselflsh, working im- pcrturbably against the assaults of exterior forces, is capable of with- standing the most cruel conditions cf rural economic adversity. Sometimes an argument is used against Cooperatives that they take away the independence of the pro- ducer. It is not dimcult to see the fallacy o" this statement. Cooper- ation establishes through its great- er bargaining power, a mater measure of liberty, freedom and self reliance. Unorganizrd, the farmer is perhaps the least privileged and least lndepen‘ -t of all forms of capitalists. The farm is his manu- facturing plant. Compare it with other forms of manufacture. The ordinary procedure is to place the ished ,. ‘ ‘ on the market, through a system of judicious od- vertising. and well directed and ef- ficient salesmanship. End control the product and its price until it reaches its ultimate destination. What about the products of the fem? Can control. price, efficiency

‘Ell individual effort him to

§ a Z

of volume and the marlnet situa- tion may deem expedient. Each product so controlled, properly handled under its own particular department, should in turn be al- lied in one central schemq which makes a unified whole. A wheel with a broken spoke is weakened. Marketing of farm products is weakened to the extent of each pro- duct or a part thereof that is sold in the open market in open oom- petltlon. The marketing of each product is a spoke and the Cooper- ative wheel only beoomes complete- ly -strong when every spoke is in its place and fulfilling its function- al intentions in the completed circle. What about the general in- fluence of cooperation? Does rural organization affect the farmer alone? Our answer ls "No." C0098!‘- atlon undoubtedly brings more money back to the farmer. If that is true, its influence goes far be- yond farm life. Not only will the farmer and his family become more prosperous and happy. but. industry at large receives immediate stim- ulation. The farm as a tremendous potential market for manufactur- ed products. If Cooperation brings an additional million dollars into mlpockets of 10.000 farmers, it is ediately released info the channels of trade and commerce for the many materials which a farmer needs in equipment on the farm and in the home. As a re- sult. factory wheels and labor promptly begin to move. If this extra million goes into the pockets of one hundred misilemen instead, Eta influence immediately felt? answer is too obvious. South American bonds or Tlmbuetoo Mining stocks are pussibly stimul-

all avenues of industries.

we could so qn at great length pointing out the value of coopera- tion, of working together in har- mony with each other, the benefits to be derived from an educational and intellectual standpoint, the great improvements that Cooper- ation makes in quality of product, by grading, in the processes of pro- ductlon, and in community welfare as a whole. A study of these ares-l in which Cooperatives have been‘ successfully conducted, give ample evidence of these facts.

There is one other feature, how- ever, in connection with Co-opera- tlon that is worthy oi particular notice. As men work together in purchasing and selling their pro- ducts and in the achievement of the objects for which cooperative have been established. there has been a gradual development in the way of a greater respect for the calling in which they are engaged. Its fundamental importance, the place agriculture occupies in the economics of the wor-id, its dig- nity, registers on the minds of the individual. A profound realization that this vocation is not second- ary, not helpless, but._equo.l, with all its vicissitudes and hard-hips, to the best, bursts ln on the intel- lect. Cooperation has brought men out and up-out of ths g‘oom and suspicions of their indlvldualim- up with squared shoulders and head held high from a position of almost shamed scrvitude to face life and humanity with new cour- age, hope and pride. It has un- covered the nobility. the :oul of a great industry, and. clearly shows those who toil with their hands that their trust is honourable and sacred. The problem of the farm- er are still great. They will always remain so. A great industry and a great, people must always hlivc their irritating and intricate problems, but none are so great as to remain unsolved in the light and influence of sincere. loyal organizational cf- fort. To this end, our sinccrcst at- tention should be directed.

ROOSEVELT SENDS FLAG

BOSTON, Feb. ll-sustin E. Gannon, .lr.. l3, who begged for the flag which draped the coffin of his father, a World War veteran who died in August, received today 9 1188 from President Roosevelt.

The eldut of eight children, he was promised the national colors which had been laid upon his fath- er's coffin. Through some slip he never received them. After months of brooding, -the boy wrote to the President. Today o new n". four by six feet. was delivered at his home. a

E. L. Bailey, director of claims in Weshlnston. Willie that it was sent on personal instructions from the President.

pm- Sun Life

ated. The rural Cooperative ailectsv

Report Shows . Business Growth

MONTREAL. February. ILFDI- an improvement in

Compsn of Canada lust released for publication by Arthur B. Wood. Presldart and Managing Director- The statement reflects the strength and stability of life insurance, as voluntary co-oparative movement which for generations has stood every test.

Life insurance companies annual statements. always considered bar- ometers of general busines condi- tions in the wrritories they operate in. have been accurate indicators during the depression and since 1933 have shown, in no uncertain terms, that _, l business is making headway.

The Sun Life's financial siste- ment for i935 shows still further strengthening and improvement. just as the report for 1934 showed progress over i988, the year the de- pression reached its low point-

Assets of the Sun Life Assurance Company of Canada stood at an alltime high at the year-end, an increase of forty-one million dol- lars for i935, and are now over seven hundred and seven million dollars.

The Bond A ‘ intnoascd from one hundred and sixty-two million dollars to two hundred and eighten million dollars and is now over thirty per cent of the assets. Profit from redemption or sale of securities during the year was over five million dollars. Cash in banks was approximately twenty-one mil- lion dollars. During 1935 the policy loans repayments took a decided upward turn which definitely indi- cates a return to better times. These cash repayments on loans exceeded any previous year in the history of the company and were twenty-four per cent greater than i934. Investment income showed a notable increase over 1934, while expenses were further reduced and by any insurance yardstick the re- port is an excellent one and en.- couraging for future prospects

Another deflate sign of improved business and a lessening of unem- ployment, gathered at the meeting.

is-the increase in Group Aseur-~

ance. designed primarily for com- mercial and industrial plants. This phase of the Sun Life's business shows an increase for the year of twenty-three per cent.

Payments to policyholders and their beneficiaries since the com- pany was organized 85 years ago exceed nine hundred and sixty- elght. million dollars and during 1935 payments of this nature were over eighty miIllOn dollars.

New business paid for during the year was over two hundred and nineteen million dollars, and the assurance in force total over two billion seven hundred million dollars. Total income for the year was more than one hundred and fifty-three million dollars ,a dc- crease from i934. but on the other hand. due to a substantial decrease ln total disbursements. the excess income for i935 was forty-seven million dollars, a; compared with forty-four million dollars in 1934. The surplus earnings for 1935 are even better than the very satisfac- tory earnings of the previous year and the (cmpony k continuing the wise and conservative policy oi employing these surplus funds to write down the value at which se- curities are carried, and in this way strengthen its investments as well us other reserves, a policy which in the long run will naturally benefit policyholders. In referring to the difficulty of maklne sound investments at satisfactory rates oi interest. Mr. Wood apparently feels that the low rates will con" for some time but with increased busi- ness activity there should be a gradual improvement. In the face cf these difficulties, however, the Sun Life not only maintained Ila rate of interest but records a slight increase over that of i934.

The insurance Exewtive con- fined hls remarks largely to the highly satisfactory financial state- ment presented by his company but in pimping spoke of the "blg- ness" of life insurance and how it had grown to be of really stagger- ing figurcs and for this reason was apt. to be classed as a sc-called "blg interest" in a sinister manner. Life insurance is proud of its sine because it means that millions of people are taking advantage of the sreatcst co-operative enterprise in the history of mankind-a sci- entific devofopment that has stood the test for generations. Life in- surance funds are the accumula- tion of small sums admlnistqred by insurance companies as the custodians for the people in a manner which would be impos- sible ior them to do themselves. Due to a misconception of the principles and in spite of the voluntary co-operatlve feature of the business of life insurance there was still a tendency to excessively tax life insurance companies which mednt that the thriftfi werebeln penalised. The 81m ie in 1 paid out’ in taxes. exclusive cf those on real estate. a total cf over

1

The 65th ‘Annual Statement oi‘ the

Sun Life Assurance Company oi Censtls ‘

Reflects the strength and Stability oi LIIs Asiursncs A "on..." “swim. ontelpllsa which ior mantle» h» I»! emv as

to policyholders and beneficiaries we

ASSETS . . . OI over Seven Hundrcd Million Dollars OIIIII that every Sun Lilo policy wlII be settled promptly when the time ior payment arrives. land, Invested on bshsll oi policyholders, co

HlGi-ILIGHTS or was

ASSURANCES IN FORCE L . . Exceed Two Billion Seven Hamisd Million Dellns. This ls the amount which will be pslrl by the Sun Llis so the policies new in Iorcs roach maturity. By thrill and Iomlght more through Sun LlIe policies,’ Icr the support o and their ewn Independence

NEW ASSURANCES PAID FOR . . . Exceed Two During 1935 more than seventy thousand persona eatlbllalled "W" 5V PWIIIIIII! SIM

LlIe policies, thus providing security Ior many thousands oi homes.

POLICYHOLDERS AND BENEFICIARIES . . . Benefits amounting to Eighty Million Dollars were psld out-over Two Hundred and Eighty-five Thousand Dollars ior each working day. Since the Sun Life commenced business 65 years sgo, it has paid out

|| over Nine Hundred Mllllon- Dollars.

than s million policyholders luvs provided, Ithelr families In case oi premature dulh

should they live to old sgs. Hundred Mun» Dollars l.» a. yssr.

In the meantime, this

ntrlbules notably to national and Industrial

PIOQICII- l SUMMARY OF DIRECTORS‘ REPORT _ A5§URANCE$ IN FORCE, December )1, 1935 - a s s SLTSGROQfi NEW ASSURANCES PAID FOR - - I ' I 119N751 INCOME - - - - a a a i 153.4963“ DISBURSEMENIS - - - - - - - - - - - 195,175,099 EXCE$$ OF INCOME OVER DISBURSEMENTS a a a n 41.91.1800 PAYMENTE TO POLICYHOLDERS AND BENEFICIARIB: _ our»; u» yssr1935 - - -' I 00.04.01» Sines Qgsnlniion - - - I - I I 5 $.15‘ 41°99 A555; . I '.* . ." a . a ~. 101,052,000 LIABILITIES - - - ' ' ' ' “iruorooo PAID-UP CAPITAL ($1,000 ON) and bslsnce st audit o! cheldan’ scccunt- - - Sifiltfl” QESRERPL@ for depreciation In mortgages - igggg: " ' ' ' ' ' ' ’ ' supremo

Thsvsiuslbnolrhossesrehssbssnnnds In accordance with rho basis auilrlselb the insurance Department o! ihs Dominion o! Canada.

SuN LIFE ASSURANCE COMPANY or CANADA

one million all! hundred thousand dollars; this amount is the equival- ent to the annual premium nn fifty million dollars of insurance. This very impressively demon- strates the taxation question and policyholders do not realize that taxes imposed on a. life insurance company fall directly upon them. Mr. Wood, in commenting on general business conditions in the countries where the Sun Life oper- ates and the prospects for i936 in the United States. Great Britain and Canada, the three countries where the company secures most of its business, stated that the world is slowly but surel emerging from the depression an that although many uncertainties a; to the future still exist and that there will be setbacks fronrtime to time. the significant fast ls ~—that all those in“ by which business im- provement is Judged clearly in- dlcate that mudamental economic forces are gradually having their effect in bringing about recovery and that this continent is steadily approazhlng nonnal conditions.

120 Descendants Follow Centenarian

MONTREAL. Feb. ll-At Ste. Role. Quebec recently. Moise Dur- Whfll‘. a sturdy French-Canadian firmer. celebrated his one-hund- redth birthday. It was a Sunday, and in the morning the venerable Dumcher led 120 of his direct de- scendants down the centre isle of the vfllese Roman Catholic church to attend high mass.

Later Durocher enjoyed a hearty dinner. and set for four hours while a program cf folk songs and dances was given for his enjoy-

mentflewoleonhisbreastagold press him by m. Ade- lard Godbout, provincial Min-

Your Assurance of

VOID "bar " bulbs

that quick y blacken

and waste current. EDISON