CT anne
reiv¥ i
ee
THE DAILY EXAMINE
JUNE 23, 1891.
1) ile
Testimony of the Banks.
: — of Juparne by the profits made by some
our banks, and the deposits m ide lin the past ye ercial collapse.
; . the lead-
by the people, yet in a state of comm ement from nine
Here
» of
is a short stat
ing banks of Canada:
Net Profits. $844,999 228,825 282,449
" 317,502 4.013,
130,102 $, 594,
145,124 3,922,
220,425 Ss O10 re 514.431 15, 171,4e9
e ait, ?
. 579,479
ope year ot
} the part of
sits.
otal Depo £93 557,449 &.745.< 7,197,570
lank. Montreal Imperial ....++++ Toronto . Standard .. Oatario.... Hamilton... Dominion. Commerce Merchants A net profit in three and a quarter millions 01 nine banks indicates that there} some business going on im Policy blasted country of ours. The Manager of the Merchants = Canada (Mr. Hague) comments [ree'y of the country He says that the
a)
209
as been this National Bank ol
condition + “we have been glad to hear - branches of industry are prosperous
leading : in: both of D ominion.
. , . a
Elsewhere we are informed that
+] capnot share _«
some that the farmers of ( anacda as
are suiieriag. They are undoubtedly » trying experience in some districts,
the tha
ro } extremities tne
in the opinion heid by a wihrole having but in
} ak aoe
's } , ‘eS ‘ ne well an are
many others they have = lon “what ee prospering. Bank deposits are a phun pr
of that. The manner in which farmers live
The continuous 1 sheep andl all the parent
is another proof of it. erease in cattle, horses, ep appliances of prosperous farming is 4p in many parts of the country.
Mr. Hague also expresses an opinion with reference to the McKinley Act and its effecta, which, coming from so experieucee a financier, is worthy of attention - —
1 ow 1} has gene raily
‘It is certain that barley maintained an average price since, and that eggs fetch nearly as much this year as they did last. What is uncertain is whether con- sumers in the United States will not after all
ay the increased duties imposed on anadian eons products. lam inclined to think they
will,”
At the recent meeting of his bank, Mr. George A. Cox, President of the Canadian Bank of Commerce, drew special tention to the progress perity of the country. fle that during the last fifteen years the value of property covered by fire insurance had risen from $364,000,000 to $707,000,000; that the amount of life insurance policies in force had increased from $50,000,000 to $248, 000,000; that our railroads had more than doubled during the same period in
at- and pros-
pointed out
mileage, traffic and capital, while the pop- ulation of Turento alone had risen from 70,000 to 200,000, and the assessment from $50,000,000 to nearly $159,000,000. alding that it was always customary
After at such meetings to preach caution, he con- tipuad :
“There are unmistakable evidences of prosperity which anyone can understand, «ud there can ba no reasonable doubt tht in the next fifteen years we shall experience a much greater increase. The study of these figures should give us increased con- tidence in the resources of our country, =
0
yiew
enable us to take a more hopeful ihe future. Ou the whole, the testimony of the
binks shows that there has been substan- tial prosperity throughout the country and that be Bat prudence and csution are, of course,
} & OU,
the prospects continue to
weeded. Extravagance will ruin the most
prospecous peeple. mor 600 The Tunnel.
Tne Examiner's readers sre the first
who are fully informed concerning the pre- sent aspect of the tunnel question. This is
4 question in which we are all interested,
be More
a question on which we should all in turmed, and, if possible, united over, it calls for judicious action, irres- pective of party. We hope that the Board of Trade will again discuss the matter at an early day, and that the Local Legisla- ture will take it ** borings,” etc., which have been suggested The Patriot complains that the appendices have not been published. These were par- tially supplied by Tae Examiner of yester- day and partially by Tue Examiner of to- day. Some of the difficulties to be over- come are succinctly set forth by the Messrs. Peataon & Son.
up with a view to the
d-Oore — — —- —
Notes and Comments. —Aceording to the Globe’s report, creamery butter was in fair demand in Toronto on Wednesday last at 21 to 22 cents. In New York the price was 16 to 18} cents. How about that market for sixty millions!
— The Board of Trade of Kingston has decided to have «a monument to the late Sir John Macdonald, erected in the new park on King Street. Also that the park hereafter be named Macdonald park. The monument will cost $25,000, which amount will be quite easily raised.
~ Montreal, also, is to have a monument of Sir John Macdonald. The Gazette re- marks that Sir John Macdonald WAS a great statesman, a patriot and a builder of the young nation of which Montreal is the ¢mmercial metropolis. A monument to his memory would be an inspiration to future genérations of Canadians to imitate what was good and great in his ¢areer There is no place in Canada whtre this ia better appreciated than in Montreal, and as has been frequently shown, there is no place in Canada which so readily responds to an appeal for a good object as Montreal.
HLS |
170 |
Q 858.915 j
upw rds Gt]
|
1 sd
DAILY EXAM
INE
~ ant et
THE TUNNEL
‘UNDER THE NORTHUMBER-
therein |
ar, Canada is not |
QHo t j
i }
i |
Some
LAND STRAITS.
Further Information on the Subject.
Pearson & Sons.
Letter From S.
10 Victoria Street,
Westminster, S. W., May Oth, 1801.
G. W. How tan, Ottawa, Can-
Dear Sin,—We have pleasure in patting in wriling the views we expre ssed to you at our several interviews upon this matter viz
Ihe cost of construction cannot be de- finitely tixed (assuming a close igure 1s Te- quired) until we possess fuller information as to the quantity of water Ulat inay proba- bly be encountered in the tunnel. The beds of red sandstone which have to be passed through have an out-crop into the Straits. ‘hese have to be contended with for about one quarter the whole length oi che tunnel, and the quantity of water they will give is the most important factor we have to consider when making the estimate
of cost. It appears to us that satisfactory information upon this poiet can only be obtained by sinking trial holes at each end of the tunnel,
through the strata the tunnel will have to piss through, and we suggested that these trial holes should be made befure any price for the work be given.
We shoul) not be prepared to take a contract for the work unless payments were to be made in cash or in Government bonds, {un our opinion any company formed for the purpose of carrying out the charter would have great difliculty in raising money in England upon its bonds or obligations even if it possessed a very tempting Gov- ernment subvention payable after the tunnel was built. ‘The work is of a difficult and risky character (but not more so than any other subaqueous tunnel), and the bondholders would require proper security from the moment they found their money, This cannot be given them unless the bonds are guaranteed by Government or the sub- ventions are in the possession of the com- pany at the time the bonds are issued and cannot afterwards be forfeited through auy default of the Company im not completing the requirements of the charter.
The cheapest plan for the Government wo uld be to let the contract under a sched- ule of prices; then any saving would be to their benefit, or, on the other hand, any mereased cost would be borne by them. They can borrow at 3 or 35 per cent, whereas the company could not borrow un- der 6 or 7 per cent.
We shall be please] to hear from you at apy time and tu give you any infurmation in our power.
We hardly need add that we should be very glad to have entrusted to us the carry- ing out of the contract, and for your infor- mation send you on separate sheet 4 statement of the works we are at present engaged upou.
a
We are, dear sir, Y« urs faithfully, (Sud.}) S. Pearson & Son. 10 Victoria Street, Westminster, S. W.,
Sth May, 1890. SAT PRESENT BEING CARRIED OUT BY * SCN, OF 10 VICTORIA STREET,
CONTRACT PEARSON WESTMINSTER,
~
Con‘ract for two single line railway tunne’s under the River Hudson, connecting Jersey City with New York Ciiy. Engineers— Sir John Fowler end Sir, Benjamin Baker.
Contract for the Grand Canal required for the drainege of the Valley of Mexico. This work leing carried out for the Mexican Government, and the quantity of exeavation to be reriwved will reach 20,000,- VOO cubic yards.
Contract for the Avila & Salamanca Rail- way (Spain). Engineers—Messrs. Sir John Hawkshaw Son, & Hay'er.
Contract for straightening and deepening of a chaiel, Alexandria Harbor, (Egypt). This work is being canied out for the tiovernment, and consists exciusively of rock dredging,
The const: uction of the New Empress Dock at Southampton, fer the Southampton Dock Co. Engineer—Alfred Giles, Esq., M. P.
The widening of the South Devonshire branch of the Gt. Western Railway, and the rebuilding of the viaduets,
Contract for the sivking of iron cylinders
at Portland, for the Gevernment. _ We may further add that we constructed, in conjunction with Mr. Samuel Brookfield, (and practically own) the New Graving Dock at Halifax, Nova Scotia. c
is
e+e e ——
Local Notices. The best bargains in ladies’ dress goods— So to J. B. Macdonald’s. jis 4i Ladies’ duimans—Have still a few left. Call and get one oue at J. B. Macdonald’s.
a j18 4i Ladies’ bi uses, a nice range, at J. B. Macdonald’s. j18 43
One case of cypress knitting yarn just
received at Perkins & Sterns’. j18 3i eod > —<Se —
_ SPRINGHILL’s WaTeRworks.—Ata meet- ing of the ratepayers of Springhill on Wed- nesday nig'it the matter of the proposed waterworks was left in the hands of the town council. There were thirteen tenders received, ranging from $65,000 to $75,000.
DIED.
_At Vernon River Bridge, on Wednesday I7th June, inst, Mary A Ross, youngeat So
daughter of the late 27th year of her age.
Horses Wanted. ANTED to purchase
Ty W on @riday and Saturday next, Fift good, sharp Driving Hor ses, mee from ae - yeais, son weighing 1000 to 1100 lbs. ‘\'so, some heavy Mares, weighing 13 1400 lbs. each. Wil] buy imanamoia .
W. S. McKIE.
James L Ross, in the
_ Charlottetown,
june23—3j
eaten + ee
Personal. King Milan recently won $35,000 at hw carat at one sitting. :
Ex-Empress Eugenie says that the French Empire died with her son. — :
Sir John A Macdonald's lite was insured in
the Standard of Ediaburgh for thirty thousand dollars. : Oaear Wilde recently wore at a private re- ception a long brown coat, fantastically fashioned, a helitrope necktie, and yellow carnations ia bis buttonhole His wife was also symphonions in brown and yellow.
Rev. Ronald B. Macdoneld, 8. J., of Bos- ton, and formerly pastor of Miscouche, who has lately finished a mission at St. John, visited his frieuds here last week, arriving Wednesdoy evening by the Northumberland. —A griculturist
President Bari'las and the Secretary of Foreign Affairs assert there is no truth what- ever in the published report of the scheme of annexation of Guatemala to the United States.
The holy eysod has issued an order that ell members of vhe Greek Church muat attend church on Sunday, and policemen are to be detailed near sli manufacturing establishments to see that the order is obeyed. s
‘The harvest ia Hungary will be middling in quantity and quality, while in Austria it wili be decidedly inferior to the harvest of the last five years ' ;
The court of inquiry which has been invests- gating the Manipur massacre, found the Re- gent guilty of warring upon the forces of the tmpress of India, He has been sentenced to death.
‘The board of governors of Mt. Allison University have selected Rev. Dr. Alexander Sutherland, of Toronto, chief secretary of the Methodist Missiouary Society, to succeed Dr. uch as president at Mt. Ailison, Dr. Suther- land is at present in the Northwest, and it will not be known for a time whether or not he will accept the position.
It is claimed that John Rockefeller could give every man, woman and child in the United States $2 each and atill have left the modest sum of $1,000,C00 with which to start & peanut stand. William Waldorf Astor could do the same thing, while Jay Gould could give $1.60 each, and then have left $8 000,000 with which to sink a weil for mo.e water.
The Charlottetown correspondent of the Progress, St. John, reports: ‘*The unearth- ing of *'lom Trim,’ the now famous author of ‘Society,’ has caused ‘a nine day’s wonder’ among the people of Charlottetown; but we can no longer claim the writer, for rather than face the music, he departed for other scenes, leaving one of our esteemed citizens to chant his praises to the tune of $40.
Mr. Jehan T. McNally, son of J. T. Me- Nally, Nsq., J. P. of Suinmerside, was the only Island student at Octawa University dur- ing the past year. At the closing exercises +1 thatinstitution, held last Wednesday even- ing, Mr. MeNally’s name was announced «+ having taken the following places in the
—z
several subjects of hisform. Sixth Form Mental Philosophy, second ; Philosophical Essays, second; Political Economy, first
accessit; Astronomy, first accessit ; English, second e«ccessit; Physics, second, The first place in each subject was taken by Denis Murphy, astudeat from British Columbia Mr. McNally also came out fourth in First English Course, the first place being takepv by ae Murphy. Score another for the Island oy !
At the Hotel Davie: yesterday were : W E Edmunds, Montreal; Fred Sutherland, Morell; Jas E Macdonald, Cardigan; Thos Douglass, Halifax; Jo’sn Stirling, Montreal; H Tompkins, Rock Island; D Schurman, Summerside. This morning’s artpvals : 'D Gordon, Georgetown; Geo R Monfyom- ery, Alberton.
At the Osborne House yesterday were : Mrs. J. F. Dixon, St. Peter's; Albert Dixon, do; Rev. G. W. Dutcher, Vernon tiver; Ella Chamberlia, Edith Christie, E K. Hood, J. F. Gilder, Redpath Con- cert Company; Jos. Murphy, Freelanda, Prince County; B, Rogers, Alberton; Peter Sinclair, Summertield; Geo Forbes, Vernon River; Alex Laird, Bedeque; Wm Minato, Cardigan This morning there arrived: Mrs¢McLaren, Georgetown; Who McLaren, do; J M Andetson, Bedford; A McLeed, Brown’s Creek; James Clow, Murray Harbor North; Wm A Poole, Lower Montague; Jas Campbell, Grand River;] Rev W P Archibald, Cavendish; K J_ Martin, S'side; J H Bell, do. ‘
= aces
teamers.
y
“NORTHUMBERLAND”
—-—AND——
“ST. LAWRENC
--——
Summer Arrangement.
XY 49 4e
NOVA SCOTIA.
L_BAVE. Chectattstows for Pictou every 4 morning (Sunday excepted) at Six o'clock (local time), connecting there with Traius for Halifax and points on the I. C. R. east and west of Oxfora J unction ; also with steamer Egerton for New Glasgow and Train for astern points and Cape Breton.
Returning to Charlottetown same days on arrival of morning train from Halifax and Quebee Express via Oxford Junction.
NEW BRUNSWICK, CANADA AND UNITED STATES,
Leave Summerside every da Sunc ‘ cepted) on arrival of caning tone ion Charlottetown, connecting at Point DuChene with trains for each of the above-named ar - at on John with steamers of the .S.S. Co., and A il li oa eee ll Rail line for Portland Also leave Charlottetown for Su i every Mouday morning at Six ek Returning, leave Point DuChene every day (Sunday excepted) on arrival of day train from St. John for Summerside, connecting there with train for Charlottetown Also leave every Saturda
Summerside for Charlottetown y evening, at Five o'clock,
F. W. HALES, Secretary Ch’town S. N. Co., Ltd. Charlottetown, June 23, 1891.
Cracked Corn, Shorts & Bran,
——FOR SALE AT- —
THE ROLLER MILLS.
Cash on Delivery,
GEORGE E. FULL.
guar
june23—3i
ee ee Beene 2rd
TU
DAY, JUNE 23
ee ee = ne
1891.
ee eee
SAVERY CLOCK AND WATCH is griaran y teed tu give satisfaction.
JEWELRY.
Keeper Riogs,
: , . Ri ’ Beautiful Fancy ao hains, ete,
+ 1 > Gents’ Rings, Earrings, Broccnes,
Wedding Rings Made to Order.
I personally attend to the Repairing of all Watehes, Clocks and Jewelry. { ain there. fore in a position to guarantee the highest
possinle satisfaction. All work guarantced.
F. S. MITCHELL,
(Queen Street.
The Nova Gootia Suga Refisery, Lt.
HALIFAX, N. S.
YNTIL such time as the Sugar Duty ques U tion is settled, 1 am. prepared to spp ) the trade in small qffantities as required from warehouse at Refinery prices.
HORACE HASZARD, Agent. Charlottetown, June 22, 1891 —2i
City Schools.
HE PUBLIC EXAMINATIONS of the T City Schools will take place as follows :
WEST KENT STREET SCHOOL —Wed nesday, June 24th. PRINCE STREET SCHOOL-~Thursdey,
June 25th.
QUEEN SQUARE SCHOOL Q6ch.
Fiiday, June
Examinations commence at 10 o'clock, a. m. Papils assemble iz the Hall of each School at 12 o'clock.
The public are respectfully invited,
B. BALDERSTON, Secretary of Board.
Day
june22—dy 2i
“DYSPEPTICURE” indeed a ‘“* Wondrous Remedy.” It ac‘s
8 I like magic in all STOMACH troubles. Thousands upon thousands are sounding its praises all over Canada. lw—juz2
ea : . Teachers Wanted
& TEACHER of the Firet asd Third Class a wanted for the New Glasgow Sehwol. Supplement Forty aud Twenty Dollars. Ap ply to
A. B. DICKTESON, Secretary of Trustees, New G asqow, June 22, 1891—dy 21 wy li
TO LET. HOUSE on Upper Queen Street, con- taining six reoms, all newly papered
aud painted. Separate yard and water in the house, Apply to
: JAMES F,. CURTIS. june22
Charlottetown Athletic Asso- ciation Classes,
[ARIE — Tesadays, Thursdays and Fri. days, from 11 uatil 12 o’clock, noon.
BOYS'.—Every day, from 4.30 until 5,30 p.m,
MENS’.—Tuesdays, Thursdays and Satur. days, from 6 30 until 7.30 a. m., and Tues. days, Thursdays, Fridays and Saturdays from 8 30 until 10 p. m.
The Gymnssium will be open daily to mem. bers from 6 a. m, until 10 39 p.m. From 10a m. until 12, pooa, tu Ladies only.
Boys’ ticke's not good after 6 p. m.
Tickets may be obtained Admission by ticket only.
H. ). JOHNSON, Me D., Secretary C, A. A,
—_-_----——.
BANK OF B3iTI3H COLUMBIA
iccorporated by Royal Charter, 1362.
from: the Se cietary,
ju20 —tf
ee
Capital Paid Dain ta £500,000, $38 009,900 (With power to increase.) Reserve Fund...... --. 208,000, 1,040,000
Note Circulation Notice.
In accordance with the provisions of 5 te eo ie te ie ees force arte 4 > ¥ an a, ED Ae panes ey Bank oil eas e J &. , the followi — of their Branches in the Dosrmane ey Yr nk of Montreal, Canadian B : mores, Imperial Bank of Canada. meek on: ag Traders Bank of Canada, Bank of Hamil- ie Co Use ee of Halifax, Halifax RB nk- Bank S Seukeee of Halifax and Commercial rrangementa have been mad i ing pe Se SPECIALLY wa ORS undermentioned aie Bonk’ Sotes at the HALIFAX, N S—Bank of
Nova Scotia, Halifax B i chants Bank of Halifax ana Usee ahakens
& xX. ST JOHN, N B—Bank of Montreal, RB
Merch : Halifax Beakine Co Bank of Halifax and
CHARLOTTETOWN, P E I_R - . 4 poe, ank y
MONEE, = Merchants Bank of ete ns —Bank of Montreal, Canadian Bank
of Commerce, Molson’s Bank, Bank Nov Scotia end Merchants Bank of Halifax, 7 TORGNTO— Beak of Montreal, Canadian Bank fans a Imperia} Bank of Canada, siaaere i os oe _ - Hamilton and WINNIPEG Bank of Montreal, Imperial Rank ms kof Manitoba,” Bank and Goalinern
¢ Bank of British Colambia wi
ne ~~ notes of each of the yay a 8 at any of its Branches in British Columbia
Montreal, Bank of
ank of Nova
S WM. C. WARD Victoria, B C, June 1, 1891. Manager
junelé—dy 3m
WATOHES AND CLOCKS, | momma |
i j
Durable, Comfortable and Cheap Boots and SM B
Price Low—$6.09, Try one; it will pay you, Over 100,000-n0wil®
ness and Cvolnegs. the Body,
The Boot & Shoe Factor! THE PLACES
he
FASHIONABLE
a ee
Poe oOo oe oS +onl>
ee eS *
Our Stock is so Large, Our Styles are so Correr, Our Prices are so Loy
ee
i?
<renieccaiiageaa Gf Oo sr BS FO PP SO aS oeane
ee
LADIES —
Desiring avything in our MANT2 DEPARTMENT cannot fail t 4f
pleased
SR as Si
Crees.
RANTES eke > ~ ‘
2 SS >
< . ™ a NERC NE
ro
We draw sp-cial attentiqy Be to the fact that the leading Lond, and New York Fashion Magoring “illustrate the styles now showing jy
SASSO naiten cecal eee
eee EN GNP EE SES o~
ee. > eee
as
SS pe
Sa as nh a |
us. Only a few remaining of o wonderful bargains in Jackets, Dg )
fail to secure one.
ee eeqen —{ eee anim
HELLIBORE —To rid Bushes of Caterpiiiars,
INSECT POWDER—Cuaranteed Pare.
MOTH BALLS -The Cheapest and Best Mola dD known. Largely used by Merchaats, Dealen iS Cloth and Fers, and by Housekeepers, The Bak placed between folds of Garments, ete, o it Wardrobes. prevent destruction of Clothing, d, by Moths. Price 5 cents per dozen: 10 cen @e Box of 36,
PARIS GREEN, for destroying Potato Bugs.
FOR SALE AT WATSON’S DRUG STORE ji
Charlottetuwn, June 12, 189].
_
SS —eee bs
DOMINION STEEL SPRING WIRE MATTRESS
MOUNTED ON POLISHED HARDWOOD FRAME,
Sold and Patented ia Great fritain, Canada, Germany, France aad Approve 1 by the Medical and Sanitary Profession.
Spain
SPECIAL ADVANTAGES—let. Ease, Comfort and Durability. ond, Cost : . srd. Perfect Noiselessness, 4th. Adaptation to the oo 5th. Remarkable Elastivity. th. Cheapness and Portability. gt Atso—WOVEN WIRE MATTRESSES (our own manufacture), price .
$3.50 and $4 00 each.
MARK WRIGHT & CO., Lt
Charluttetown, May 29, 1891. :
—— I s———
———TO GET LEADING STYLES OF—— ;
—-———(x)— —----—
GOFF BROS:
Charlottetown, May 22, 1891—2aw & wky