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Weekly (now _,E__»/gahlnfl Daily) 1887 } - ~ ARLOTTETO ANADA TUESDAY 15' 1914 ., |$3.50:;Par Year (delivered) in advance 'J
: ` , ` " ' . _ ,, . -\;,|__,{`i» i _ 7.1. -. f. . I | 32.50 por year by mall in advanoa
LONDON, Dec. 14.-General Baden-
Powell shares the opinion ot' many other English military experts who believe that. Germany fully expeegg to invade England, it' possible. and will direct its activities toward the commercial cities in the north of England, rather than toward London and the resort cities of the south. ‘ln the opinion of General Baden-Powell, the German Emperor will endeavour
._-nv--_..~-. _-¢..»-.__ _... -___-_-G. ._ --wv
IIINH (MEN NILIEN J
BI IINLLNPSI lil Stlllllrii IN IIIHIINII]
'l‘Oli.ON'1‘0, Dec. 14.-Four young
labourers were killed yesterday when a scaffolding .upon \vlricl1 they were at work on a water tank at the Ontario National Brick Corrrpany‘s plant at Cookeville, collapsed without a murneut's warning. Tire four mon dropped 70 feet to frozen ground Two were killed instantly, the others died within three minutes.
A fifth man seized a rope when thc
scaffolding began to glide under his fcct and 'slid down it to safety.
'l‘lre dead are: _Andrew Webster, of
vooksville. and George Warner, J. llowles and M. McKenna, of Toronto. None of the dead men are over 27 years of age.
A. Bidwell is the survivor.
SERVIAHS OCCUPY BELGHADE
(Special tc the Guardian.)
LONDON, Dec. 14.-The Scrvirurs,
after a fierce fight, have reoccupicd' Belgrade,according to a Nlsh despatch.
IININNIII INFE INNSIINS
SENT NEIGIIINS Nllilii
TORONTO, Dec. 14.-The Free
Masons of Ontario have sent $12,500 to the Belgiaus to be distributed by King Albert among his distressed sub- jects. “ as in his wisdorrr he may decide." f
"-We hope to solid' other sums," says
Grand Master W. D. -McPlrerson.r\i;P.P. A special messenger -of the Bank of'
Commerce will cgnvcytlre gold t'rom London to the Ki g of the Belginns.
NORTH SEA PRECAUTIONS.
WASHINGTON, December 14.-The
State department has made public for the benefit of shipping an official rroti-- llcation that, beginning last Thursday morning, all light vessels and buoys in the English Channel and the Downs are liable to withdrawal or alterations lt is believed that this action has been taken in cdntenrplatiorr of vigorous fleet activities, the lights being hamil- cd in a manner most wise for the pur- pose of the fleet. The Downs is the
_to their' failure to carry on that ser-
iiggnlluud at least 90.000 troops in Eng- IB 'Nile Zaflerai idea." said General __ad°U'P0W0ll. in a recent interview, "ls that the attempt to invade England \.ill be made_on the coast of Norfolk
gr Suffolk. Personally I think that the orkshire coast is more likely, for the
Germans will first desire to invade the industrial centres of the north. Tlrev ‘aliprcciate what effect that wouidl
_.4 A
Brotrllrowett Exr-Ecrs A FRENCH HAVE cur oErtnAn '
ENoLl_\y|_>pgr_r=|LL BE |nvAnE “""§l,l,III,I §§,,,,, connunrcnrons nEArtnErz
irave, if they succeeded. Once _let them get hold of some of-the big manufacturing towns, factories iveuld be smashed up and ruined, and l estimate that they could then throw 14.000.000 persons out of employment. rendering them destitute and starving. it is certain that even byshert. sharp Wild they could do a tremendo_l1s- amount of damage." '
MNNTNLI MEEIINE
NI [Jill IIIINNIIIL
The monthly meeting of the City
Council was held last night, ills Wor- ship Mayor Sterns in the chair. Tire (‘-ouncillors were all present, with the itccorrlcr, Mr K. J. Martin, and the _llcnltir Officer, Dr H. D. Johnson, also rn attendance. I The minutes of the previous meeting lllll/ills been read anti adopted and the usual bills passed for payment, a letter was read from the l‘rincc Edward island Telephone Co. enclosing u state- rncnl. oi' account for fire alarm service outstanding on the books since Oct., 1011, and asking for a settlement of the some by January 1, 1915, in default of which the fire alarm service would be discontinued. A letter' was next read from the Commissioners of S€W€1'1'l<c and Water Supply, apply- ing for the issue of water debentures to the amount of $10,000, being the proportion at present required ot' the total issue of $25,000 necessary for the installation of a now purrrplng plant, etc.
in regard to this matter' u resolu-
tion was moved by Councillor Rilcy. und seconded by Councillor McKenna. “ That the Water and Sewerage Cerri- missioners be granted the privilege ot” issuing $10,000 water debentures to pay for the installation of a new pump- ing plnnt, etc., por Legislature granted the city the power. dated April, 1914." This resolution wus put to the vote and carr'ied. '
A resolution, moved by ('oun:‘ilior lliclierrrra, and seconded by (‘ourr<-lllor-» \Vright`, was carried, “ That tenders be called for printing the City lleport for the year ending tilst December, 1914."
With regard to the cornnrunicatlorr
from the Telephone Company, l\lr Riley stated that at the time the Tele- phone Company met with the accident and had heir switch-board burnt out they were under contract for the supply of fire alarm service. and owing
vice the Council was obliged in the interim to pay a watchman to give the alarm in case of fire. The Council at that time refused to admit liability for the amount claimed. Mr Riley said that he would not haggle with the Company over the bill. lf they were going to pay it at all they should pay it ln full.
Councillor Jenkins thought it would
be well to have a committee to wait on the Company with a view to having a reduction made in the bill. I Councillor McKenzie was of opinion
body of water bordering the east coast of Kent, between that coast and Good- win Sands, just north of the Straits of Dover. » `
The British official announcement
was cabled to the State Department this afternoon by the American con- sul- general at London, as follows:
"After sunrise, tenth of December,
in English Channel and Downs, east- ward line joining Selsea Bill and Cape Ilarfieur to southward of 51 degrees 20 minutes north latitude. all vessels and buoys are liable to withdrawal or alteration. Position lights and lights of iight buoys are liable to hc exting- uished and signals to be altered or discontinued without further notice. 'l‘rir\ity House pilot stallion will be established by sunrise on the 10th December, 1914. at the undermcntion- cd places antfmerclrnnt vessels are very strongly advised to take pilots as navigation in area in question will be
riiaeedingly dangerous without their
COMIii0 EYEii`l'3»
MHHOUIIGEMEHTS.
MEETINGS, ETC
ONE CNT per word each inser-
tion for advertising in this column. (rash must accompany orders. Mini- mum charge twenty-ilvo cents.
war, Lynch,
f0l.
'mined -sn dar. clearing at lillfht and
that thc bill should be paid.
After' further discussion Councillor
Riley moved, and Councillor Wright seconded, "That Councillor Jenkins be authorised to interview the Tele- phono Company with a view to ‘settl- ing their outstanding account." The rosolution was carried.
Councillor Wright their brought up
a very interesting matter. lie said tlrnt the city might very well put some lights around Govcrnnrent Pond dur- ing the best period of the skating season. Tire-y---had gone to some ex- pense in wiring the pond, and it would not bn arni.-as to have u few lanrps in- stalled. Tire Council regarded the matter in n favourable light, and Councillor Wright moved the follow- ing resolution. “That the Chairman of the Lighting Committee be empowered to make the necessary arrangements for the lighting ot' Government Pond during the skating season." The re- solution was seconded by Councillor Miller and carried. ,
This was all the business before the ~
meeting, and the Council adjourned.
rllngr-t1's Liulment' cures Drph thorla
THE IEITIIER
TIIE TEMPERATURE
'l`lDE» M00|l. ETC..
(Special to The Guardian)
TORONTO, Dee. 15.-Maritime:
Gales, Westerly to North-Westerly; light local snow-falls of ilurriss. but for the most part fair and decidedly' colder.
-ri-is wEA'rH£f\.--Yesterday rt.
becomrns cold-
The highest temperature recorded
was 46 deg. aliive nero and
above. The lowest
36 deg. above. was 30 dog.
deg. above. this morning 10.10; it will and tomorrow.
sun sets tgirl sfibfhvvn “hd W' algqtirg -‘l¢j,wil`l be high to-` Vlrltgpday; morning Atl.
~m},q|ll agtsrnoorr at
wal
.°..'¥!l'
__~-_-_-_-_-_-___._.,_~._.,_~. . "___-_"__ ,__ -_-va
runni sins 0 nnurn nn sun
rv nr nussns
l"l;I'l'ltOGltAl), via Irorrdon, Doc. 14.
--A Turkish steamer, loaded with wheat. bound for Constantinople. has been captured near the mouth of the Danube by Russian Black Sea cruisers,
which have brought the vessel to Odessa. Says a despatch from that port.
Russian torpedo boat destroyers. it
is also reported, have sunk several 'l`urkish sailboats. loaded with ammu- nition, near the coast of Asia l\iinor.
According to information reaching
here, a large Turkish division has attempted in vain to enter Russia through Persian territory. The Turks have been repulsed, in spite of assist- ance rendered by the Kurtis.
III IIPENNIE [IN
KIISEINS INIIIINI
(Special to The Guardian)
LONDON, Dec. 14.-Telcgraphlng
from Berne, Switzerland, the corres- pornlr-:ut of tho Central News says:
".\ teielgram received hero from
r\'lurriclr states it has been decided to operate on Emperor Williarn’s throat, but the operation is being deferred ow- ing to the present condition of the limi- pcror."
BRITISH CASUALITY LIST
(Special to The Guardian)
LONDON, Dec. 14.--(Official)--The
officers' casualty list for the week end- ed Nov. 30 was made public to-day. lt shows that during these seven days the British forces on the continent lost 79 officers killed, 141 wounded, 33 reported missing. This gives u tutui of 253 `f`or the week. Added to the previous totals, the last report shows that since the outbreak of hostilities Britain has had 966 officers killed, anti 1,018 wounded, while 582 are reported missing. The total casualties among ollicers up to date is therefore 3,466 men.
CHNISEII NNESIIIN
Sill IN IIIISIII IIIIII
(Special to the Guardian.)
WASliiN(_l’i`ON, Dec. 14.-Anrcrican
Consul lrathum nt Punta Arenas. Costa Rica, cabled the State Depart- ment to-day that the German cruiser Dresden had arrived there early to-day safely. She was uninjuretl.
(Special to the Guardian.)
|iUl:}N(IS AYRES, Dec, 12.--it is
stated that/ British warships hnvc entered the Straits of Mugclhru in pursuit of the Drcstlerr, which has taken refuge in Punta Arenas, Costa Rica. ‘
MUIINI NMNNE p
~ NNIWNHP SIIINIEHS
(Special to The Guardian) `
AMSTERDAM, Dec. 14.--A despatch
from Antwerp says reports ‘are cur- rent in Antwerp of a mutiny among part of the Bavarian troops garrison- ing the City. While the story is not confirmed it is a fact that the Bavar- ian barracks have been closed to out- siders,
' j _FRENCH OFFICIAL
to the Guardian.) 14.-4-An dflicisl state-
reports compara-
and artillery minor import-
Gerinan batteries are
to the north. ln the' French cap-
repulsed , two
advance of the
has brought Alkir-ch and east of the
to The Guardian) 14.~(Oilieiar
several
to re-
pany. ami chairman of the American
-vances at various points. The Ger-
‘ ____-Q ‘
Western Drydock Plantat Port - Arthur Ontario .has Facili-
. Urderwater Craft.
Sir Robert Borden and Mem
bers of -Government Con- sider Projcct Feaslbie.
imperial Authorites are Being
Consulted
OTTAWA, Dec. 14.-- ubrrrarirres for,
thc British Governmen are likely to be constructed in the plant of the Western Drydock Company, at Port Arthur (0nt.). Represcntatiorrs are being rn'.\de to tho imperial authorities by the Dominion Government that facilities are available at l’ort Arthur for the speedy assembling of the under- writer craft. _
l-i. A. (‘.lrrisly, a director of the com-
Shipbuiiding Company, -at $20,000,000 corporation, interviewed Sir Robert Borden and other meinbers of the Govcrrrnrcnt Saturday and represented that the plant at Port Arthur could easily rrndcrtukc the construction of subrnarines. Tire Imperial authorities have been cabled regarding the offer.
SUMMARY 0F THE SIIUITIDH
(Special to the Guardian.)
LONDON, Dec. 14.-The most strik-
ing feature of to-day’s news is the candid. admission by thc Austrian goverrrrnorrt of the defeat of the Aus- trian army in Servia, and apparently of thc abarrdonnrerrt of the third attempt at invasion of thc territory of her small Slay neighbour. While featuring the erremy`s superior- force, the Austrlarr War Office announces plainly an cxtcrrded retirement and many losses. ,
New measures will be taken to repel
tho enemy, says the Austrian state- rncnt. Apparently that means that the Austrian army directcrl against Servia will assume a tieferrsive line. Against the repuisc the Austrian balances the occupation et' Belgrade as un asset to the good.
Arr urrofllcial despatch from Nlsh,
Servia, reports the Serviarrs after the battle reoccupled Belgrade.
Tire progress ol' the war in Northern
Hungary is less definite. Sundays report, with candor equal to that of the Austrian bulletin, spoke of the resist- ance which the Gcrnrurrs and Austrians are encountering, and added that it is evident the Austrian forces on the Carpathians are not numerically strong enough to clear the Russians out of liuugarian territory, but the Austrians claim that they are driving down the slopes the ltussiun invaders who were last week in occupation of several towns south ot' that mountain
ridge. `
Poland islfnst becoming like Bel-
gium in point. oi` suffering. while the Allies and opposing rtrrnics drive ouch oilrcr buck and forth and relieving cities and villages and inflicting the inhabitants with bonrbardrnents. which more than gives a llurr polish to the ruins, according to accourrts. l-loth armies ncctrso ouch other ol‘ cruelty. The flight of civilians from Lodz wus one of the tragic events of the war. and pictures the fate of lrodz as Va repetition of l,.ouvaln, with the slaugh- ter of four hundred and the sacking of the city. A distressing feature of the fighting in Poland is that the blood of kindred is pitted against each other. There were several hundred thousand Poles in the Russian ranks und several hundred thousand more in the ranks of the Germans and Austrians. The Germans claim to have gained a posi- tion irr Northern l’oland, although they are not believed to he as near Warsaw
important po n s o Carpathians ana me capture of 9.000
NEW YORK, Dec. 14.-A cable to
the Herald from London this morning says:~By admissions from Berlin it seems certain the slender Gerruan held op the Meuse at St. Milriel is about to
_ 1, I _ be broken. Tire French have crossed
_ nes for the Assembimg of the German line of cotnnrurrication
with Metz midway between bt. Mllriel and, Pont-A-Mousson although at u cost of 600 prisoners and a large rrunr- ber of men killed arnl wounded.
The i<‘r‘enuh have been, particularly
active the lust few tluys\'in the Woe- vrc district as thc cuinrlnatlorr of' a steady grinding fight forward frurrr the woods south of Aprcrnont and an equally grucliing advance from the forts south of Verrlurr. This conflict
ainrost lost sight of in thc larger events of the Fiarrtlers and Polish
been ranked anong the great carn- paigns.
it was in October that the Gorman
left centre made a sudden dash from the Franco-Gerrnan frontier ir. an ef- fort to cut.a way through the barrier forts, roll back the French on Verdun and 'l‘oul and compel General Joffre to end his efforts to outflank the German right. The dash resulted in the cap- turc ol' fort (lamp Des Rornains and Fort Les Purchcs, a hold on the left bank of the Meuse and the occupation of St. Mihiel. There the invading army \vus checked but the weeks that
have passed have been filled withal- rriost constant fighting to break `this
camps would in any other war have arrow-like force projecting into French
territory.
l<‘rorn the North, the South and the
West, the French have been battering the German lines. Gradually, their ontrenclrrnents crept upon each side until two weeks ago the Germans had only rr tiny thread of ground from St. Milricl in u zigzag haphazard line, .\'ortlr~East to Metz. Berlin now con- Itirrrrs reports from Paris oi' the pre- various situation of this force and it is reasonable to expect in the near |t`uturc, the beginning of a desperate rhattlc of extricatlon.
___._________-___-_-3______-_______________-_---~--
NNSSIINS Sllii I
NNIIIING itll IJIIIMNNSI
l’E'I‘llOGRAD, Dec. 14-’l`hc General
Stull’ of the Russian army has given out the following communication un- der date of Sunday, Dec. 13th: "There has been no important. engagerncrrt on any of the fronts in the region of Mlawa. We continue to force hack the German troops wire are in re- treat. On the left wing of the River Vistula there has been no cirunge in the region of Mount Duekia. Aus- trian celunrns are coming down the Northern slope of the Carpatlrians."
PRZEMYSL.
l’re7.cnrysl, the fortress upon the Gal-
ician-Itussian frontier, which has held out for months where the renowned strongholds of Antwerp, Liege and Maubeuge were able to resist days, is described in a slaternent issued by the National Geographic Soeictyz-
“One of the most powerful siege
works which the Austrians have con- structed iu the North defends the Gal- ician city of Przernysl, which is situat- ed on the river San, a tributary of the Vistula, about tlfty-four miles west of lremburg, the capital of the Polish crownland. Though the warlike pre- paration of the place would be easily overlooked by the visitor in times of peace, it is present. on every barrrl. The hills, fields and river banks about the city. and before it. shelter great batter- ies, turrets, arid detached forts, while the city ranrparts seem there as a con- tinuation of the city ground plan.
“The modern fortiflcatiorrs were be-
gun by Austria in 1874. and they are the labors of a generation. Those de- fensive works consist of a city wall on both banks of the river San with u chain of battery pits, and a sweep of detached forts. ()rr the left bank of the San are some thirteen such strong- lrolds. These are spread out in the form of a senri-circle ,of little more than a nrile radius. There are seven or more forts located upon the right bank. These works together fornr a fan-like shield around the city.
"Przemysi is built upon the river
where it leaves the mountains. lt is e very ancient city, one of the oldest places in Galicia. There is rr Polish legend which tells all about the found- ing of the town in the eighth century. it was at one time the capital of an rn- tlependent princlpality. On the hills above the town are the ruins of an old grey, weather-worn castle, which tra- dition lras it was founded by Casimir the Great. Whatever this ruin may have witnessed as an outpost between the wild energy of' the .\'orth and thc greater culture and possession of thc Soutlr. it has never beheld happenings so terribly stupendous as those which rro\v are taking placc around its wnlls.
ltAltIN(l .\IRMAN
l1`.NllAGl~ll~l (ll-IRMANS.
li.0T'Tl'lRDAM, ilec. 1l.~All Ant-
werp is secretly laughing over the re- cent tliscomtlture oi s large portion of the German garrison in that town 'on Saturday, An aeroplane of the Allies was seen avilron-ching the city, tlropping souvenirs of a bomb variety and also cheery messages. Bombs were dropped with such skill that the pon- toon bridge across thc Schcldt,which demanded allthe ingenuity and skill of the German engineers to keep in anything like ordergwns once more smashed. The Germans opened fire both in volleys and independentiy,l:ut the dar- ing airtr.ra'n seemed to possess a charmed life,for he flew gaily over the city,wsving to those below and dropping messages which,my inform- ant says,told the inhabitants to be of good cheer,for their friends would. be coming by December 16 or 18. `
Suddenly the aviator turned his
course,and the machine began to de-
as reported. On the other hand. the g¢¢-(pe weird evolutions. The tlermsn Russians announce strategic realign- marksmemsure that their fire had nt
ment of forces to strengthen their 15': st°nf'g;o§v“°g'- b“;”Rfn§“t;?m‘;\;:l°"€-
_ n o e ma 0
|’.°°I'-|°"- I" “ '“'e'lh':p°"l;e:)I:;u;::l come down as they expected. and
mm" “`“n°“?cte“t thgnonh of me continued its evolutlons. Then it
gradually dawned upon them what
prisoners. The main issue in the Eastl; is whether the German and Austrian armies by their operations in northern and central Poland and the Austrian advance across the Carpathians wlli| shake the Russian grip from Przamysl and the Cracow fortresses remain un- changed.
Today shows no important develop-
ments in the Western srsa.- The French War Oilice reports artillery engagements in which they had the better of the Germans and small ad-
manl deny these claims.
Troops in France and Belgium are
suffering from a plague of mud and damp and hardships. frozen feet and hands. Life in the trenches of the Ai- lies is easier than before since they have been reinforced so they do not
‘spend more than two days on the lir- mg line. whereas last month they Wm-9 without rest or opportunity to
...iia§s.. ._
W.‘b2ri.'.n..._. .
was happening. For sheer devllment. and tg show his contempt for tho poor shooting of the Germans, the alrfran was looping-the-loop.
In great rage at this insult,the Ger-
mans once more opened flre,bat their efforts' werethopoless against the ever- changlng target of the looping sero- plans, To their disgust, anti to the lzftlt joy oi the llelgisn popula¢e.t.he aviator, having completed his irollc, new gil uubormed. Mr.
remove their clothing for a week or' more. -' The Turkish army has not yet as- serted itself nor has it engaged in any great battle. Envor Pasha has taken command of the Csrrcasisrr army and Taliat Bey succeeds him as Minister of War. A report from Turkey speaks of growing hostilities to both foreign and native Christians in that country which may lead to attacks upon them.
»..~.#.. _
__.-~..~_ 1. . .._,,_,____,.__.
(Special to The Guardian) ,
nun inns vnisr
nn nn nr
by t‘. it. Dray- idator for the pr=.n_\‘, it is de-
lrr a report prepared
ton, provisional iiqu llorrrinion Trust (Torn f-lured that the debts of the concern amount to $2,000,000 to general credi- tors and $1,000,000 to depositors.
To pay these the liquidator expects
there will bo :r trifle less than a nrillion altogctircr' available. Tire liquitlator is advised by his lawyer that the gerrcrrrl creditors have the first clairrr on tht- assets, and with nothing left t'or' thc depositors. lic advises that they appeal to thc Govorrrnrerrt for assist- Ulltiil.
The t'orrrpurr_v had no power con-
ferred h_v cirarter or Go\'cr'rrrnent enact- ment to receive deposits. so that they do not cveu rank as general creditors, but must take their clrarrt-cs with slrarelroldcrs, who, of course. are not expected ever to realise o. cent on their claims.
Virtually $5,000,000, the liquidutor
flrrds, have varrlslrctl into thin air. (lf $1,400,000 loaned out by the cornpany the liquitlutor thinks shrinkage will leave only $115,000 available.
’l'lre Alveuslehen account of over u
million is regarded as rr lrlglrly specula- tive assct. The llqui<iutor,givcs the following surnnrary ot' the direct cruises of the liqnirlation:-
1. Tire fact that, in violation or its
powers. the company received deposits and kept in hand liitlc or no liquid assets with which to meet at possible run.
_-_-_-_-_ v.»~v-:_-_-__-_-_-_-_-_-__-_-_».-_-_-_-_-_-_-_-_-_ _-_-_-_-_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ __ _ _ _ _ __ _ __ _ _ _ _ _ ____
IUNIIISN NNIILESNII’
IIINPEUNEN NNN SNNK
(Special to The Guardian)
LONDON, Dec. 14.-The Official Bu-
reau to-day announced that the Turk- ish battleship Messudlclr has been torpcdocd by a British submarine. The Official Bureau's statement is as fol- lows: “i'estertlay_ submarine B 11, in charge of Lleut. Comniander Norman B. Holbrook, lloynl Navy, entered the Darrlanciies and in spite of a dif- ficult current dived under five rows of mines and torpedoed the Turkish battleship Messudieb. which was guarding the mine fields. Although pursued by gun fire from torpedo boats. the B 11 returned safely after being submerged on one occasion, nine hours. When last seen the Messudieh was sinking by the stern.“
IJIIIEMHEH ill INN NNI
KNISIN PINNNEII
Ili Ili IN IININIS
____
NORTHEASTERN FRANCE, Dec.
10.-This nrust be a day of hittemeis for the Kaiser. it is December 10, the date fixed by him for the triumphant arrival of the German troops in Calais, but as l write Calaisians are nq doubt.. sleeping peacefully in their beds, and
2. The fact that moneys in hand,
both trust rnoneys, and the conrpany's own nroneys, were invested noti us required by the provisions of its charter, brrt in highly speculative assets and in the shares or bonds of highly speculative companies. whcro more and more advances were neces- sary to protect the company`:s security.
fl. The fact that moneys entrusted rn'
invostnrerrt were not kept separate nor ln ir separate hunk account, although' the corrrpnny`s charter required this to be ilorro. At the date of liquidation the company had under its control trust moneys amounting to between four and five rrrlilion dollars. Part of this was always uninvestetl and always carried in the compauy's bank account mixed with its own money and often, if not always. dealt with as if it were its own money.
4. Tire fact of thc misappropriation
of trust and other securities. This appears to have been a vain attempt to save the situation and has been most noticeable drrrirrg the f'cw months prior to llquiilntion. The inability ol’ the cornpnny io hand over trust funds when demanded rendered the situation acute.
li. To sum up the situation, the
company scorns to have done most things thul rr trust corv.r|nrrr_v should not rio. and this rorrrpzrny had no power to tio. :intl few tlrirrgs that n trust corn- pu|r_v should do.
Tire following are n few cxarnpies of
misappropriation or diversion of trust funtls:-
1. A client sont $2=`»ll,000 for invest;
nrenl in first nrorlgugcs. The rrrort- gage is supposed to he held in trust for hinr, but it has been discovered that nt least two other parties have also--an interest in it.
‘.'. Securities earmarked as held for
depositors have been lrypotlrecaled to one of thc banks as security for ud- vances. it will be very lrrrrd to trace t.lrcse securities, as the oarnrarking for depositors was merely in a total, the details of the items so oarrnnrkcd not being stated in the books. it seems fairly certain, however. that the de- bentures of tho lf. S. Securities. Limited. nrrrounting to $640,000, come under this category.
3. The ildlnlnrrgh agents of the
compan_v have sent approxlnrately $690,000 for investment. Of this amount about $145,000 has not been invested. The directors attempted to earmark certain securities on their behalf ‘on October 26, 1014, but i have becn instructed by my solicitors to disregard this earmarking meantime. The balance of the moneys sent by the Edinburgh agents appear to have been prpperly invested. but I lruve not yet hurl time .to appraise their securities. it 'should 'be stated that the company were allowed six months in which to ilml an investment for money remitted by the agents and that practically no Investments of these moneys have been made by the company ilr thc six months prior to the death of the late managing director.
4. A client sem $85,381.25 for invest-
ment in n specific security. As this money went into the company's bank account andthe investment was not made, it would be almost impossible to trace the money now so as to give the client n preference.
5. The company. while acting aa
trustee for a certain company. used over $40,000 of trust funds for their ,own purposes. Failure to pay over this money when demanded 'early in October 1914 made the situation acute.
il. Securties which were earmarked
lk
E |_m..\..r _ _emi
all along the line they .Germans are
gold, not by a thin line of khaki and. ilue but a thick band of steel, which frown stronger every day.
The Allies are now on the offen-
sive, ami, though the Germans are not in many places content with playing merely a game of defense, they are be- ginning slowly but surely to move eastward.
in the last two or three days the
Allied troops have been especially sucessful along the line between Ypres and Dixmude. it has been stub- born fighting, _Several German trenches have been taken and held, and the work with the bayonet is re- ported to have been exceedingly fierce in several places.
This, figlrtlrrg. I think, is merely a
prelude, and there is reason to li"- licve that by the end of the inonth the Germans will hold considerably less of Belgium than at present and sonic of the towns of Eastern France fill come into the possession of 'the Alilcs.
French Victory at Vermeil"
'l`own in i~‘rnnce, Wednestluy, De-
rcrrrlrer 9.-The French victory at Vcr- mcllos has rlrovcn the Gcrnrans back ircyorrti tlrr- main r'ond between Lens and Lu llc:-rscc, but there they have n nurnbcr of improvised forts, semi- of thorn equal in strength to the forts at Vcrrrrcllcs. The Germans are skil- frrl ut using walled positions and lrouscs. They sparc no means to turn n factory into rr fort, ami, as there arc miles ei' factories, houses. ami nrincs with ruining machinery still stanrlirrg around Lille they have dc- fcnsivt- positions of great value.
Troops for Flanders
ll()'i"|`l'}RllAM. Dec. 10.-A L0!!- varn rorrespornlerrt says that ou'l‘ues-_ day afternoon six troops trains passed through that place toward Flanders. The troops were all lads from 18 to 20. Late the smrn- afternoon three trains of Germans wounded arrived together with a train of prisoners. with three nraclrlne guns and a quantity of war material. A further force of about 7.- 000 infantry fronr the litres in North- ern Frencc also arrived at Louvain and proceeded immediately to Fland- rlers. ~
for a certain sinking fund were for- warded to London for disposal.
7. Property was purchased from and
paid for to the company asagents and ln some cases the' lilirchasers have built their homes. but as the company has not paid over the moneys received to the Government to obtain title. this has worked great hardship in ' very many cases.
GOIDEIISED IDS.
T00 LITE Nl
CLISSIPICITIGI
ONE CENT per vor! slot Ilia!-
tion for advertising in this column. Cash must. accompany orders. lini- nrum charges twenty-ave cents.
"Remember the basket social in
sid of the Red Cross to be held at York Hall at 7 p. m., Wednesday. Dee. i6. Admission 154:. lmdiea-with bas- kets free. ~ $07!-li~15lli}1l.
,.Miaar<l's Ltaimaut
1_r mm.
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