i I l l i i

llTllERSllJE; anu and Prince Gounty Chronicle

dru- column u mans m new: -GLAS8, all sizes, and pure

100d interest h t srlvertlsllls’ 0 r - | ‘ m," b. mun,‘ n , putty, sold at Braces. V

n word strictly payable in 00- i ' —UNITED CHURCH SERVICES

l‘ " i -A service will be held in Bedeque

_RB'ROOF New Bu’ tool‘; United Church Sunday evening,

Sept. 8rd, under the auspices or Y.

W. A. The speaker will be Mr. Jack $hQ¢l _

and roof coating at Bruce's.

“SPORTS-In the K035111800! yfllnk, Friday, Bept. 1st, 19". Ad- ‘siission 10 cents. 733

r

-WELLING’1‘0N TEA-The sn- nual tea at Wellington was held on Wednesday and was very largely st- tendedL There was a 800d P10811111 of sports and a dance in the even- ing-S.

Junmnms-uew is the time p hw ss prices are advancing. Bruce's have best values. m.

‘ -xmoanoanrau cusses yQ-opgn Monday, September 11th. Mil V. Richardson, Graduate o1 Dqrsrtment oi’ Expression, Halifax bodies College. 636.

.-MAKEB GOOD CATCH — Mr. Gordon Toombs, o! Bummerside. made a fine catch_oi fish on Wed- nesday afternoon at Coleman. Hi5 catch is on display in the hardware window oi’ Messrs. R. T. K011111111 and, is made up c! three lovely trout ccugfl with a fly. The largest weighs 1% and the other two ebflll‘? one pound each-S.

-—VIOT\ORIA WEST TBA - ‘The Church tea at Victoria West on Wbdnesday was well attended. As usual the ladies provided an excel- lent supper and a most enjoyable loclal time was had by all. Among those attending were Mr. and Mrs. ‘A. E. Mdlnsn, o! Bummersid .-s.

Mony Changes

(Continued from Page in eighth oi’ on, per cent. It is onc- quarter of one per cent west 0i’ Port Arthur, to take care of the interest."

Fertilizer Financing

monsoon United mules es Canada, Rev. L. P. Archibald, Min- ister. Services for Sunday, Septem- ber 8rd: Badeque, 11 a. m.; Beatle- town, 8 p. m.; Borden, 8 p. m: Cape Traverse, 7.80 p. m. Rev. George Morris, of Sackville, N 8., will poeach at Searletown and the min- lster at the other services.

Commissioner Sir Charles Addis: "With regard to your import trade, that is usually done by dis- counting the farmer's note of hand? ‘On fertilizer, for example."

Mr. Murray: “Fertilizer is fin- anced through the Potato Growers Association or private companies who ane financed by the banks ilnder Sec. 8R, They soil the fer- tilizer direct, in some cases on time. at a. ten per cent advance from the (‘ash price. The farmer in many cases comes direct to the bank and pays cash. These loans are largely unsecured. Very fre- quently the Potato Growers Asso- ciations take notes from their members, and these notes are in tum discounted by the banks for the dealers.”

Connnissioner Sir C. Addis: “The practise is that the note is dis- counted and the question of com- pound interest does not arise there?"

Mr. Liurray: “No."

Qonunissioniar sir. C. Addis: “With {regard to your export trade, the great bulk of that is to the United States, is it not?"

Mr. Murray: “Not under present

-ST. DIARY‘! CHURCH PICNIC >~The Sunday School children of Gt. Mary's Church, Summerside, held their annual picnic on Lefur- gey‘s shore on Wednesday. Tile us- llal sports were carried out and a most delicious tea served in Mr. gravid Lefurgcyls spacious grounds.

e rector, Ven Archdeacon White, D.D., and the Sunday School teach- yrs expressed their appreciation for the use or the grounds from Mr. Le- Iurgey, a privilege they enjoy from year to year-S.

PERSONALS

—-Miss Tessie McNeil]. Bummer- sidc, is visiting in Moncton.

-~Mr. and Mrs. George Wilkinson, of O'Lom-.y, P. E. L, are visiting ltioncton, guests at the American.

_ -—.\iiss Josephine DcsRoches has returned to her home in Brookline, Aiass, after an enjoyable vacation with relatives in Miscouche. She was the guest of her brother, Mr. Joseph E. DcsRoches-S.

—lvir. and Mrs. James H. Dell and

d‘t' , i i , _ son Konneth, 0i‘ Quincy, Mass, who ‘om W5 dc o‘ seed pom have been visiting Mr. Dell's par- ' . . .

, Com issloric S. C. Add: : “l3 t ents in Sprlngton, left Wednesday nOrmagivT, r r 5 u

morning by motor on return. Mr.

Dell will resume his duties at the ML Murray: “I ‘vould my ‘he

812.

Yiifii‘ ‘iiilifiiiéiiirl’; 1.1%

are able to carry on. but durinl’ m, pggf, two years our farmers eeumncimarketstthveoetvf production." _ - I ‘The Chsilman: '1 quite appu- ciate the rsct that conditions sre mom difficult. no you ‘think s! lalrge number c! your farmers may have had to resort to tho banks in the last two 198-111"

Mr. Bouiter: “Our rsrmen hi" been obliged during the lust 9m Wary to 1180M $0 IIIQtIiOQ 01 D01’- wwing money, either mum $0M.‘ by mortgages or otherwise. m mo! the states-nan‘ mule lvr lllr- M11"; m, wmflfl be quits correct. I lnot so sure that it is today." ,

Tho‘ Chairman: ‘The Nflllt 3-! ihereiore, that more farmers hsvel h“ to p to the bank's- but in I parioeermuenieaprcsperltr-TM. Province are very limited?’ real reason 1 suppose. is mt WW1

Commissioner Brownlee: “Dclm, not "gaging the prices." you consider that your difricultiesi My, Boultsr: ‘The products lave lmvb increased sufficiently in th’,been marketed in the psst swoi inn three years to make the prob- {Wan a; so much less than the cost ism of financing in the banks on m; production that it is marvellous! your c-ilnent account more dlrfi- in)“; ma people maintain their i cult?" {spin

Hon. Dr. MadMillsn: "We have m. qhair-man: “But looking st not any difficulty about the banks; 3., mm, the bankers’ viewpoint, they finance for us when they 8'01 1 lhese people come to them in s4- the proper security. When the ‘ Ltd-my, when the risk is WWW-Y overdraft goes up i100 high we have uqnately greater." to issue bon ." ~ f Mr, Boultsr: "We consider more;

Cmnmissioner Brownian "What ‘i’ v°wugmtftoge flnnud’ ‘to u: 1 has been the coat 0!_ your Pmvln" Qijg: txmpmwlmut, than m, but“; ti?‘ "Mnfifg °“ 1°“ m“ “°'“‘ The Chairman: “Ar-sine farms

e bank . . n

_‘lll.gkxy unincumbercd here?

(n was explained m ms Com-i Mr. Boultor: "Perhaps 4° w:

mission that the rate was former- "FY11 01 0111' 111-11116 l" 11nd" 111°?!‘ ‘

Brownies: “Your capital inddited-

Hon. Dr. Maclilflllan: “Between that and 041100.000."

Commissioner Brownies: "HM the-rs been sny substantial more!" in the last three or rem-yew?"

Hon. Dr. Macmillan: “Yes”

Commissioner Brownies: ‘Would you ssy appwxim-IWY 11017111111111?"

non. m. Mwiaiuau: "It must have been increased s million dol- lars or more."

Commissioner Brownie»! "50 161' as your finances are concerned. you have not shown any diiflvultv i,“ ggrryinfl on dirrills the Dill three years?"

Hon. Dr. moivilllan: ‘(ll NI- We cannot finance in this Province at all without bei-rewlns- It ll not possible. Our people are taxed; our sources at revenue in this

1y rive per cent. In i981 it was in- rose"

creased u, rive and one-half pet.’ The Chainnanl "sixty w wit‘ cent, and concurrently with a. re- ,‘il‘t‘e?"

dilation in savings lates the inter- l‘ Mr. Boulter: "It would be about

iifiy-flfty at the Present time. I‘ ‘am not very sure in making that ‘statement, however. It is merely an nppYOXlmatiOIL" ' .

The Chairman: "On the whole ‘do you think the farnling industry‘? has been adequately helped by the; banks in this period? Do you think‘ they might have been a bit‘ more,’ generous?" ‘

Mr. Boulter: "Judging by what‘ {we have been told. I think they-

est was reduced in rive and orie- quarter.)

Banks And The Farmers

Commissioner Brownlee asked for any further comment on Mr. Murray's evidence as to the gon- eral position of the farmers of the Province.

Mr. Boulter: “I am very closely connected with the Potato Grow- ers Association. We do our bank- ing through the Bank of Nova Scotia; ll/Lr. Murray is therefore my banker. But our personal contact just; 1mm our Contact Wm; the W131 the 38111191! 9111011811 1116 176- Jarmers throughout the Province. oartment or Agriculture inclines ‘They come to the office with their "5 "i? 1111111‘ the ""1119" 111111 E1911‘- ,‘ complaints, and we reel there are ‘1111101159 111 the b51115 111 89191118 times when a man has been de- loans. The fertilizer is handled not prived o; p“, benefit 0g a loan 5° much mmullh 01"‘ A$5°°1E11°11 when really he needed it to carry ,1)" 11°11“ 11150011111“. because we on during the present crisis." fun Principally on e cash baeisi| Commissioner Browltlee: "new and the farmer, unless he is 100 large is your Potato grower, M. per cent reliable-wind sometimcsgcc-ationy. “'9 wnsmel‘ 111m 10° P" 0911i 56-1‘ Nrr. Boultcrf "We have a mem- l0lll1l1y~te1ls us that he cannot be ‘bcfship of aboui, 2,030,"

accommodated at the bank." ‘ ' Debt Increases

l Commissioner Brownies: "What ‘would the nature of the accommo- dation be that he would require?" l‘ Ml‘. Boultcr: "At the present Itime it might be to get sufficient money to harvest his crop, That is not so much our experience ‘through our organization. bccnusc

,1 cannot say that from our own‘ experience as an organization, but

The Chairman (to Hon. Dr. ‘Macmillan; “The net public debt was very largely increased in the last ten years. Is that the provin- cial debt?"

Hon. Dr. MadMillan: "Yes."

The Chairman: "Is there any

no 4 ‘-

could have given more aslstance.‘ "

I50 FovQ 7-0 ll oemmmleul on all loo. Oil ls changed only ones scary 1000 ratios.

THE economy oi‘ tlie Ford V-B Hoes not ‘stop with low gasoline and oil consumption. It goes beyond that and saves ‘you con- siderable money every yen!‘ in rip-keep costs.vThere’e no use

saving pennies Von gaso

you pay out extra dollars for service and repairs. ‘ Here’e something else to think about when you

line if cost of

buy a car's Genuine For?! n- placemon! parts cost you less. And Ford flat labor rates are more than 80% less.

In addition to all this thee-o is an important saving on the first

the Ford V-B. It may be $50, $100 or even $200.

For] rslldlliy IOOI 70d hiivly loud‘ In upkeep costs. '

NEW FORD. V-8

$65G u»

(F. 0. B. Ems Windsor, Ontario- Bumpse-qspun dmardusxossstru. Small down payment. Cofivenisnr

You can buy gaso- mm’) line with that to run your NEW Fonn "4" $590 "P mush-goal" car for a year or two. /'

FORD MOTOR COMPANY OF CANADA, LIMITED

IiGG it POULTRY ASSN. Mr. James J. Leightizer, secret-

ary of the Prince Edward Island Egg and Poultry Association, sub- mitted the following brief:

The Right Honorable Lord Mac-

Millan, P.C., Members o! the Royal Commis- sion on Banking and Currency We beg to submit a statement on

behalf oi’ the Prince Edward Island

volume of municipal debt?"

Quincy Y. M. C. A.

EASTERN GUARDIAN

preponderance oi exports would‘ be we have never had any difficulty; to thc United stairs, normally. I but our act o! incorporation issuch think perhaps Mr. Boulter would ‘that every member oi our Associa- be .n a better position to answerltion is personally liable, and we that question." ‘think, with such accommodation,

Hon. Dr. MacMillan: "Charlotte- town and Summerside have muni- clpal debts. Charlotlctowrfs i5 quite durge."

Egg 8e Poultry Association.

Our association was incorporated by the Provincial Legislature and began business in the year 1914. ‘The ofllcers are a President, threel

if!‘

raised the quality standard o! ed to authorize loans for seed and eo to Rive their personal 811111111?" to the loan. After the goods are ,

poultry products, and in putting on the market better foock, has’ brought to the Province, as a whole, neatly increased financial returns.

The financial credit of the Asso- ciation is based on Collateral Notes, iumished. by the various ailliiatod egg circles (calculated on the basis of fifteen dollars ($15.00) per mem- ber) and signed by the circle dir- actors in accordance with by-laws.

also on crops other than grain crops! including also loans for fer- tilizers to promote the growing o! such crops. The security m: such loans may include not only the crops so grown, but in addition, or as first security, the lands upon

which such crops may be swwll; _ up to and including twenty-five (25) 1

per centum of the assessed value ior taxation purposes. '

The Bank of Montreal has been oi’ I As agriculture has in the past con- material assistance in the iinanc- tributed over fifty-five per cent of ing or this Association; for the rlrst the total net combined prodliotlfln two years on the credit ‘guarantee value of products of Agricllltllré.

-——-_-

..' This column ls reserved (oi

news of local interest bu! ndvertlllng

n? n newsy nature may ha inserted n4

I cents s word strlcily puynbla Us Idvnnco. .

M1‘. Boulter: “About fifty-fifty in normal times. Last year 1i; was more lo Canada."

Mr. Murray: “Our largest potato -——-——-- market is in the United States.

..'SUBSCRIPTIONS to ThelPclts, of couygg‘ g0 very largely w handed to their Rep. Archie Hume. ‘the English nlarkoi."

91' 1°11’ at H- J- MabOXYS D1118 SW19- Colnmissioncr sir C.Adclis: “Part- M°m”3“°- 1°6-.ly due to the effect oi the ex- ‘changc, I suppose."

Mr. Murray: "Well. it is the nut- “Y- (A“3“C“n‘ se°rget°wn-Twe‘ft“ ural luarket. I think they would sum“? “m” “mm” Sept- 3rd: ‘have gone to London in any case." Mathis, at ll a. m., "The Attitudesfll Conlmlssioner Sh. C’ Add”. “You catecmsm at 2 p‘ m" Evensmg a‘; would cx-pcct that the exchange '1 “Fulfilling? Capt. '1". F. Kelly’, would be a stimulus,

Church Army in charge. \ M“ Murray, "It has sumulamd loister shipments and other

. RDHURCH OF THE Holy Trin-

PERSONALS

Thc Chairman: “How are they illlanced; Through the banks?"

Hon. Dr. MacMillan: “Yes, on debentures. Charlottetown or any ‘incorporated tpwn gets permission to float debentures from the Leg- isluturc."

Commissioncl- Leman: “Without any guarantee on the part of the Province, though."

Hon. Dr. MaoMillan: correct.”

The Chairman: ‘Dc you know what rate they pay the Bank for ‘their accommodation?

that the bank has nothing toyfear.’ We pay our farmersafter we re- ceive the money for the product which we handle. Through our ‘Potato Growers Association we ’ha.ve no complaint in that way. At iilmes, however, we have had as high as $150,000 ovcl-dl-ait at. ‘the bank, and 6 p.c. interest rate ‘seemed pretty high. The individual ‘farmer brings his complaint to us.‘ We cannot tell you how genuine that complaint is. You have the bankers‘ statement; \vc have the ‘farmers’ statement. Tho bankers may know a great many things, M1’- MUYFHYI "T119 C113’ 0! 6118-1“ ‘about the farmer's financial posit-“°11e‘~°\\’n pars five and one-quart- ion that it is impossible for us to ‘f1 D01‘ 09M-

“That is

loounty‘ Vice-Presidents, and six since that time on the “mum, m Pm“ d“e°"°rs' the above collateral Notes furnish- All these ten oincisls are elected ed by the woclated branches at ‘at the Annual Convention of the the Amcmuom delegates, that assemble from the ‘various affiliated egg circles. that 1'11 R11 01111 111111110111 1-1151151101-10115 are esatblished at convenient local 1w have received lair and lust con- cemres thrqughmjt the PfQvinQe.‘-$ldBX"Bt10n from the oflicials of the ‘each centre scndng its delegates 0x11311111; 0! Montreal. 111d 118W 01115’ a percentage membership basis. the 111811889 praise and com-immis- The affiliated Circles submit Itlon for the ivlluaaement in Ober- eggs and poultry to the Association lottetown, as well as at the Head for classfication and marketing. An ‘Ofllce in Montreal. advance of monies on the basis 01' 6119-1181118 0011411110118. hilwev". quality Ls remitted to and distribut- iand violent fluctuations in commod- ed to membe by a lvllanagerem- oily prices would seem is warrant Iployed by the directors of the local 180mb 011811868» that mkht b8 midi! jegg circles. at the close of the flnan- in the next revision of the Banking fcial year the ‘accumulated fund's are Act, so that cheaper money might

Power and Fisheries c! Canada (see ‘statistics 1028-29 at Ottawa) it iseerrls essential that all reasonable lflnancial assistance should be made ‘available to promote the success o! Agriculture, especially in a province where seventy-eight per cent oi’ the population are engaged in agricul- tural production. Respectfully submitted, Prince Edward Island Co-operative Egg s: Poultry Association

JAG. J. LEIGHTIZEIIJ Secretary

FOX PELTS

1 Mr. ‘P. G. Clark, Summerside,

.‘Mr. Fred Champion, Station Agent, Murray River, spent Satur- day in Montague, visitin‘ is and college chums.

..'Mr. L. H, Coffin has resumed his duties ns Manager of the Can- adian Bank of Commerce, Monta- guc, after spending a very pleasant vocation with his family at their summer dwelling on the Srudcncll Shore.

..‘Mrs. JItZllCS Lovrry, Mrs. C. K. Wightman and Mrs. Archie Hume, motored to nfurrny Harbour North on Monday, where the jolly trio will

111111853‘ ‘learn, which would enter into the The chairman: "Is the indebted- Commissioner Sir C. Addis: “Is question of making a loan. your trade much effected by the

Commissioner Brownies: "I pro-l.

:ncss heavy on the City?" Mr. Murray: "It is approximate-

distributed on a pro rats. basis tol members after the Association Dir- ectorate provide for the Capital

be made available to Farmers Mar- said he was‘ acting as agent for ketlng Organizations, such as ours. the producers 0i ell-vol‘ 10x 1N1“- We therefore ofier the following and took exception to a reference

fluctuation in exchange?"

Mr. Murray: "Yes."

Commissioner sir C. Addis: "so that i! exchange were more near- ly stabilized it would be a great help.”

Mr. Murray: "Undoubtedly."

Commissioner sir C. Addis: "In quoting your rates of exchange, how do you arrive at the figures?"

Mr. Murray: “Our rates are re- vised by telegram from Montreal. Perhaps we would have ten or fifteen wires in a day, both for sterling and United States (guy-

spcnd a couple of weeks along one “my of Prince Edward Island's most beautiful beaches. They will occupy the summer cottage owned by and on the premises of James P. Clow.

Provincial Financing

Commissioner the Hon. 1.1:.

ncss I believe is £3,800,000."

SLACK BOAI. PRICES CRASH

We have a few schooner-s arriving with BLOWER. SLACK COAL which we oiler at a special price - a sgfln‘ o! one or two dollars per ton; must be delivered early.

If you desln s. free burning ldtchcn coal n3 for BIAS 170B. .'

n». quality u vlcroara as an all round purpnge m; is well known.

H. R. LARGE & 0O.

‘slune your agricultural populationfly W0 11111110“ 1101111111. I bellevm" is pretty steady; they have b~n| The chairman: “Has it been in- hare for years." lcreasing?"

Mr. Boulter: "Yes, and the na-s Mr. Murray: “Steadily; for the ture of their crops is of a staple llnst 3'08? 0r tWO." character. They go in for dairy The Chairman: "Are the products, hogs, poultry, and as a collections satisfactory here?" cash crop, potatoes." Mr. Murray: "Not at present. Up

The chairman: "Would you con- to two years ago they were pretty firm Mr. Murray's statement that satisfactory." the great majority of the rarm- The Chairman asked for the fig- ers do not require to use the bankslures regarding tax collections, and at all?” [was assured they would be sup- Mr. Boulier: “I would not goflalied. He then asked for any fur- that tar. We have a percentage who] ther presentations.

tax

Brindini! Up Father

t fiiN FOR YOU- OIEAF-‘c?

LOOK TIR@- YOU BETTER U5 DOWN AND TAKE

A R551‘-

58 Queen St. Charlottetown Phone I000.

Fund. This fund now amounts- to ggestions: viz: $31,000 and is invested in plant and (a)-—'l‘hat an established differ- equipment, necessary to carry on the entlal be made between the inter- work of the Association. est rate on deposits and that at The Association has been very which Fau-mers Marketing organi- suocesaiul and since beginning busln- zations pay for short term loans. essin 1914, has received and market- (b)—That the Section of the ed eighteen (18) million dozens o! present Banking Act, whereby loans eggs, and three (3) millionypounds 'are permitted to farmers "upon the of poultry for its members, distrib- ‘security of his thrashed grsin grown uting s, sum of approximately five upon the {arm-to the owner, ten- and one hall million dollars (l6.- ant, or occupier of land for the 500,000.00.) purchase oi’ seed grain upon the

“ms-rs we MAT-run Arzoundusne?

ONE is ClVil- AN‘ WINC- l mu HARDLY BEuEva I'M HQME- BY 00cm»,

firs. ' e-r-

lin the brief presented by Mr. Mur- ray regarding the banks‘ attitude in taking fox pelts as security. He said the practice was for a. pro- ducer to come in with pelts valued ‘at, say, $200. If he wished to get "an advance from the bank he could ‘obtain eioo on the szoo valuation, but in addition he was required to give a note tor the lull amount o! the advance. The marketing com- pany was required to indorse that note, and the individual members