4 Q}. _ i1, In‘ coonosua! i. Alpvinauhanodnl big new by Wall Paper Catalogue irfleyqvnsnaosadtnswfl #85‘! F‘ 1"‘ lcaliunadsarllsnalfii§¢hll¢v~ WALL PAPER ggagw“ gap; Priooabnoatlatnebonisiln- Double Rolls of 16 Yards USE THE COUPON noon: a UcLEOO, LIHIYEO-N Gardenia-own P- E- l‘ has-m . . P. 0. Alive-an 9191mm an m: u» s»- wu: PM" firatvaw- i P1001155. M°LEOD l" rw“ 111"}? QUEEN . ~ARLOTTETOWN - -,- wavy". w In out Pmvruv at! nuts wfitr owns _ f,” y, A MLRITIHE PRODUCT Corriltz (o. Ltd {I'm 101v Hardware Deal?!‘ Seine (tool Z/Q/g Pam's fizz/h? z >2’ 0 n? . fr: TROUBLE . i I0 ~Ilur u.‘ 51D "x "III b Ions on: 1f in 19101 an Jlfursvtf, n; in,‘ 5. fig- ‘.1; I! 4 wsw-fl. ll wnou Mann "v avvfl w! i-rin loos not w». .....-..|,.,,4|,-_ n,‘ “Jpfiflgnl vyg y. y. sqss-ily ~~n| u» whoI was‘. "not mu mm: rip-gun q! y‘. ~src‘l xJfu. our lyealgit. 7 In" Innlrlin for diagnosing owl osrrnnls-s lye isollsloa. are wuurpqoud; sr- i-qqq any u, saw-nu Ilvvlnud h] adolu i our van-and. Thsvys ls wand actually, -_ vii-inning all dines of error. Tlwn in n. not-ll that comps w» nil-allow Ilvl '5: recall in that hlxls floor» of urination, Iii: 11m! r1~ luv-r 4 flgfit It la-nad. lf you o» snkmg Ila but nrvvo v-i-mis-ri-ls a! a Iod- ifll Isa-i better u" D0 Ii not. . E. E. IZARKMA-N JzivtLzn w; nnolsrlsilo Li‘; . .llqler nun "no. lfllr n-av upon so IIvIIII. " Illr. Philip Noonéin Delivers Instructor; Dezeng Diagnostic Professional Unit LOIIUKI POI TE PATII.\“I‘ s rn-pvt seinflcs of aeilrlxllz inotrssnruts Optometrist to rover w-ylncly Iss1 main: rumination, I srilh owls individual inotvlncni Iilhln instant "nth. I 1 [notable not, hand mo! lilti- non. ‘flu riuir can be rallied. MYYICIILWCY POI! “KHZ OFTIJIITIIt-T ‘Ibo. Wellorvrih Cull pveoelio shat cabin the 2 wflbtfl ho pnlirnt hiring the chair Old Aa inportart requisite of a ro- rafllll ooili is nboolfla o0.- lrfi for (h! plllfll. This has incss veonspllsbol in he Wellsworlis l‘!!! Il-lfi Id- eal in non quietly and examined. (Pptvnsdrist la neoouxplishod with [mung dlngloofle instruments of missic precision which no Iflh- in lnslsnt mach all swing helors Qqfaqyyyhl, Y "P "W" Blam- Horzd ttrect dealers '- - l i BYE"- "I::,'”‘;|':;."b;“‘ l. ‘u ‘Gm UYlZlQUPH hold onto to th‘ ' TM 1'10“!!! Olive (‘alluvial Will Drllflon Attlfltilll "Ill? H. J. MABON OPTOIITBIHT impugn, P. l. lslnll- Address 0n Canadian Banking- ,l a: z of the Knights t l! in timir Home Monday -' 'lll"h ‘no largcry av.- JCUW; and lntcrcratlng ‘anadlan Banking" ivau ' llr. Philip Nuonan, Man- or: r o.’ ‘m- l-“rvfnclal Bank. int wtw» trvazed svltfn crltlclims wlWE. t. w ‘h-n lcvl-lll-d at fianadlarl Hurt}- l? :' ‘w grunt decade and the Pom-v‘: \ d for our financial ill: T!» ..~ t tplud hv Hon ll. if‘. .\lfii'li“‘ '2 - Knight 3nd at the I-rmr-luslun v |".'..'l_\' vote of thanks was; mow: a .‘lr. if Fitzgerald, we'r- onvlw’ l;\ 2.11111! illjl/Jlsn and '41)‘ wl l . fllmmrn, J, Augusta Mr:- DOhI-lrl Ill l1. A, Prof. J. ll. rlnrll .1 l Tralnor and othcrs ‘l.- Nnol; n In a suitable reply vrsuioneiy wlsnowledged tho vo-e of 'h4nk~ TL:- fr. "rwlng ls a summary of the t-vldrv-m-t ll in; loan virmaslorlully urged that r~ . n fianarll ls a monopoly and 1 unsuited to the domocratlc n. . lvllnle" of thlo country They who tr!‘ lurlll this rmntentlon have over- imrkv-d m» fact that the lvglnlatlon of fllhifllil Iv lll: liberal as it can well he. “tflkllifl In (‘anads is not In any sense a nunmpolv In thin country, merely ln orllur m follow the Brltlsh parlia- mmltury mv-lhods, why-n a cortnln num- her uf ludivlduols have complied with certain rvqulramentn, they are sull- poscd lo have applied for a charter. which Parliament theoretically mlght rofuso, but which lg s matter of fact, would not the refused unless doubt existed as to tho "hon: flde" char- acter of the ‘proposed bank. Then upon complying with certain other require- mnnls and obtaining the consent of (hr Trsosury Board the hank lo ready lnr business. Th; subscribed capital must not be IQ! than 5500.000 palll up lo (h. extant of oua hsif or 8860.- 000. sud this cash must be tllnporarlly dvpcsltod with tho Trsuury Board at uws. The minimum hora is ptocod _ than in tho United Iillll lllfllld l0 all W701‘ 1° “"7 Blan- of‘ < ! l r‘ on a general barlklnz boxlnr-ai; is at- ulchv-d the prlvllrege to open brunch banks throughout the country and to o q, bank note currcncgv nut s2- -d by special pledge with tho Cov- wrlmL-nt. In the hll-ttory of (Tirnada a- in any other new oountrius thl- plzuing of capital mock by new banks lo; been accumpunir-d by ulI kind; of above The arr-called "raslf with which many a bank bu: begun liUHl- nhgu has sometimes turnwl out tn br- vmnprlscd largely of FlldflsllOltlléf" notcr, or any one of many dPvlcI-r has hem resorted to to make a "brave oumldn" to the public. .\'o restrictions will prewnt thr- occurrence of some form of deer-p- tlon but Without. drnflit the firemen’. conditions an, most carefully devlswl ln ordcr that it might bra reasonably certain that each new bank aulhorlzed by Parliamnnt nil he an honest hust- nr-rm vv-ntnro, it ls claimed by some that banking ls not as "free" ln (Zan- ads. so In the lfnlwd Rusted. The vcry term "freo banking" ls a :11!!- nozner and it lo tn be hoped that there are msny who will agree that. a llttln loss of freedom In the ablllty to r-rc-au- a hank and a llttla morr- knowledgv on tho pflfl. of the pecple rv-gardlng thr- trure function of banklng u-oulvl he for the public good. The first general Bank Am of thr- Dominion was passed ln 1871. This Acr. extondvd all charters for ten years which practice hat been follow- ed thus for. The msln revisions haw- beeu five in number and took placi- ln 188d 1890, 1913 and 1923 and tin.- next. one ls supposed to be 1933. This act with amendment fromulmn to time, whllo still not perfect. his glwn us a thanking system 0f whlr-h any country might justly be proud 4nd l! ls no highly regarded in sonn- of the other countries that. many fI-uftlres of lt have been widely copied. . Bonk fslluros In (‘Andria haw» been very few as compared with our neigh- bouring republic to the south of us where in the year i924 as many as two hundred sud thirty sevrrl lmnkl iverg in the hands of receivers Th“ 106, lira Hood tlia be formn-l fr, whirl; five cups wlil i», D7254: the team, vrimllug the u: —Gl-IEATROA$.-fmmuu§ simmer. not}: ,1:-ncl3i;z, O: sum-n: o. Fez-re as 21,71; 32c —FOflTY HOURS CLOS ‘Vary Barr's Tarot»: 1:1’ Cinch. zooming. Izzpasimn ‘was rrie‘ Father AJ. Mclntyre at. f?.e1.Ma:1§:. Mariachi: y u Ira/m. jfoCatse as S:?rf)%1.z>!.. rcLior. was rery sauces». ‘viz; 1H7 Cozzunions ‘Xoadsy 22d T36 prions zzten l It lludunaid. 2e . Pun‘. “'11. Bay. Peer. iara R21’. M. canola. Rev A. J _1u¢k the prim for the player mak- igg the lclglaest total l: the three games was .2 team and picked "1 form the lcazuc - ~llou James Qwent '0 I aftcrrnlrrr; 1111!; Ipnf-rLrrM-rrf. ‘Ship Models . L0.\‘l')0.\'. February ZZ-lnsdon Md! w la being stripped of slfp modrlt ' ' M u; iuppiy the d-mand m the United Marry. home and Prank and Ell-Wm‘- -S'.at.cs where they are uiéd as d’:- hc mad". l/mdcn antlqtlc dcalcrs are also "h rwmservlnz thr-ir stock Prory b“ .~ was dc earthquak . iron-tacit»: yam-ruby . -. Srnzziernr} . The it: ruLfi-s ' rvzive new: in Prtnmg. 52s.: a and Rev. T3541;- hlcaaghan, I Dr. if J in Ion =,.y 3dr. Alfred ‘f the close margin of "l ~-- Johnston bv- ‘~ 11s, 114.11? .51 pry. lt is umicr- a w!" .ng league is tn d u. cal-h m {ivc tea“ . wzll PERSONALS A. "la-n f t“! b‘: . people who In lllnr-e and las‘. . ‘He i=4 zabeth l» mu; wm-y llwpttem was my, Japaulrsell-‘r, Haw-l. Homo llarlkffallurr; i= one u.’ the worlt "analla baq known. 5o uttrrly bad that ‘hr.- kind of mhsmanagerr: which '1 ought it about is whorl baron] rmlllutlon. Tlwrr- v-‘I-rr- imprndvsw lfiiiflfi 0f amount“ fa,- in mums.- u.’ KY‘_ mun jtwtifind M‘ thr- Ilanlfv rH-"lurI-f-R Hntl (hi: and‘: Wi-f- no ’Ik"".' than a farce insofar a! it purported ' ‘drou- tbr- trur» puslfinu o!‘ ‘he in Th!" lallurc ‘with "Ofi$l'!||l“nl u to a largo nurr-Yicr o! dvtyttrnirrlre hm suqgostm] a propcaal that all (bar ed banks mxuvllll ho mad‘.- jointly" severally rc-fvlnniblr‘ for vhr~ tnou-y deposited with r-ar-h o! thvm "Lot tt~ have a guarantcr- of dmpoehr“ <-.\» I-lalm some lmmuturr- r-s-rmomktv" and l: will bc a matter of indlffcrcnvre to the r-rmlllorr. whv-thrr or um u bunk is compelled m hliFpQlifl pannr-ntf‘ just a couple of your» no oahl-r p~r~ son» were convcndirlg for an unli1nlv~ ed supply of paper currcnr-y- in ordv-r that the impecunlous mfgb: obtain all the money they viesirevl. How any one Who hag looked into thw- hinlory of the operation or nunh la“! can .'ld'.'n- rzate mutual guarantor of hank de- pmlu passes all understanding, The plan in un-moral. fundamentally nn- sound, unjust. and froughz with grout danger to banking stability’. lt is un- moral and unjust because lt r-wlts thc solvent to pay tho dobta of tho ln-nl- vent and in practice maycven despot! the honmt to atone fortbe crlmes of the dlnhonr-ot. It ls fundamentally unsound, lrecutlve it lmpmos responsi- bilities while with-holding power: am! lt'would thrcatrn banking stability by encouraging rl-ckhss management and imparius the resources of sol- vent hanks But some mav say thrv are aireadv required by law to guarantor eat-h others not» lllvuldillili. and whv not each filhcrg Ilfitmqll"? For the simple reason tllul lb» two rhlnu are as dif- ferent us rlav from night. Hank hill‘ constitute nlw largw part of the cur- rency of uh:- r-‘iltnfry. tho-y are the medium of exchange and the ready fIlfiIlPy of tho péflplfl To retain their qualify o’ nruiing inchalienged and with the ulmut freedom from hand to hand there must lbs the conviction that their rod-motion ls lsoyond pre- sdvonlure. Accordingly the profor- nnrrr given lhr- claims of rlofeholdorl ' I "JEASTERN AGENT. ~31. I ~ W. Maroon-ix is not Grslrdil-l I681‘- ?T'€:'b‘_1'Z?T5£ZI Church i: M: rvlrlt. .1‘ wfiuguuid rflbepiaselw 52¢ L»: gr- Err-ne- rm Feb. 14v . r. Lam}; was men new 5- jifn 37,1;- 53 5n usual lar- Memoriam 1i load : Johnston. 122. 113. mvr-A thrw: month ‘it Zllitydflljf he "all! n.‘ hm that} h»:- had n1} I-rwrrifrr , I'll Your chndren. lilrzokllgfhcrine MCQUII- 1925- 13'1"" mad‘? period 47.951 2-4 lbs and the aver- 7‘ whi(.,l_ dflmle n“? ace pglfeyaformvglgrpillalzfieason 3311». .ZlldlugfirirT3.$’§§§§Z.§’$Zr”°' mp3); m; anqw yqnrpiqr-vjgng to unfavorable condition of the roadlrlm lava; larzcly aq/gndr-‘L hur-‘rlziy morning lr- 5v. qr van-m (‘lmrr-h. l/n 6.3. I-r-‘lchralcd F1 _ justify the proposition villi (‘Asser- 13d fiEéds. h}; 61L. is the ‘r 2 fer years m": ('1; mxmgx. w. Hz o! l". “N. r‘ Razors-z»: home of 35f 56.9.51 ‘IE-WE _ rerjr bad 00' did unfit . of the ev- ..uart f’) p3)’ been ill for ul- '-, and altiwrrkl Jam..~. on and ' Dorcbeszter- “art-tn Mrs. Laura - cheater. .\lar=.= Dorchester. Mar- la“ rl'~'-~' H"); of til‘: 143ml. a-mlw-ri a2" o2 hand to‘ - kind and- nwon for him a- b/wh r-Id and your: 'l"hi- was evb‘ larzv: The annual l l 5 ssaussssnosessson ‘Tuooazhoflanexflfltvlf-ll-d Qicfiewan oooarnalurhehone lutkpassingollnlfllflill- ‘I1Stzwuxxadvkimyimeaune_ jvftzsfzresdzixas. Amid uumxzmsg mire and squib‘ "a-grrtyiii S! yznofennily romlorhza Lberclfifl '21s farm in Pixquid. [.1.'?."§ f: arty life m Slim 0f Pitlqufd. .. 1 .r Thomas. apatite. and firs. Sflex-zsrt. )..fi' Boga-roar. was a s0: of 3dr. Rage-roars.‘ united r213 :1 at the tizne zbe faith! '- 12.5 formed became one o! war-t»; behind a heritage of b05- .’\%.‘.I;‘(’X which *1; a worth- 1-‘1 the “m: asd lands place Friday altcmcon. Rev l. Pa; xardn. 21-"- past-Jr. offic- HR. JOHN R. DUNCAN l‘ '2: .-=.'»..-@u<- to the accidental h of John R Dazc-atl ‘which oc- wars working at carpenter work Bveton and at. time of accident s-orking on a new building? and in some unac- mtable manner fell mg a distance of about l0 feet» ‘landed on a swinging stage a f»: feet from the ground and was : wd to the Clty Hospital where; lottewsrz. , :2 died about a half an hour after‘! -—— ' Th» funeral Irss held‘ l -BOWLING. tbs- ‘riowilrlz Mn‘ PETER MCELROY _ the residence of his Bmtheri contest. a: the I,‘ ‘n1 Allkjr lav. .9.’ (la-can St. Dorchester, F..day' the 19th to 0=dar Grove - u-here a vast assemblage : and acquaintances gxt~ their ' to one they had so dearly loved. ~ i.“ survived by his Duncan at prevt-cnt in Bast-i three brother"; James W. and l nmrge at Poplar indium. David in- and three sir.- McDonald. Der-l Margaret and “rs. Janet 55‘“-TY"“- "W B513. Buchanan. of Strathcona. P. E. mother predeceased . ffhurrh u! u-hid; d1.»- Emn about 011v.- azzd on“ half yeah" Tr» 1h:- hefeavml family in q.- u-as u manrthcir sad affliction The Gnardan _ no “a. pyl_.ylextend~ he slncvre sympathy. Annual Meeting New lasgow" Dairying C0. ' meeting number of Glasgow Dairying ('11., too}; place lted him during hhyWednesday. Feb. 11th with a fair.- 1 came to pay their ly good attendance. hen he was dead. d by a rsorrovringllflwfll by IEDOPK Glass. alsnlmm‘ 1924 tn uk placei Ann-F‘ The cheese A lilllh W385 Oflqqh‘ 1925 and l‘? ngumanufacturerl "'3' “MP” the YE-fhuzzer 541s lbs. -maim-: we»? laid mflrcst in the ad- 31,60 my cm p“- unon the aséela of fail=d hanks ha.- bccomc an axiom in banking law and Fr-‘encv. and l; no longer called tn ours on. S0 obvious ls the righr of notrdlolrlow to protection but the law -lrroundg them with ext-optional se» I =1r"y: providing in addition to a first ‘- on 445.44g a lzuarantcc fund to l: all hunks contribute _in propor- ' n to their circulation "which fund can be drawn upon when necessary. ‘o mow any deflclnlw-y in assets of an ttsfllvv-t-t bunk m rflrlr-cm in; nmefi. A n-u-unahl» argument can be set up r: tins: 1h5~ muunfity of responsibil- l' but so impcralivr- lo it tn establish u swirls; v-urrenqv that the principle of r lmnmn liability has been BCCPpKNl. 'l‘h-- total of a bank not» lssug in lim- zl-rl by luw: di-ptlzks arr- without limit; so that What l5 pructlcable for llv- formor which are a first mortgage and r-tlarzw- upon the banks asset‘. bocoml-s impracticable for the latter. which ure a fourth mortgagp or lhargfl and are unlimited ln amount. l sav the deposits rank fourth because nr-xt to thc note lrsue the debt of tho Dominion and Provincial governments rank second and third respectively. AL this point t- mav be observe-d ‘ha’. the security of depnlts does nc’ necessarily depend upon the bigness of a bunk. Tho _ larger lnrtitutlons. with more abundant resources. do in- 112w]. perform ac-rvlccs beyond rhc capacity of s small hank, nut-h a; ac- commodating large Industrial corpor- ations and providing foreign EXClHIIKo faclllflmv but a prudently "l-lnagi" bank of comparatively small vosourc- es ls qullw as sail‘ whhln its sphere. Primarily and ultlmslely it in not the size of a bunk no much as the sbll- lty and Integrity of Ps management that constitutes its strength, Before passing on 1mm this mutter of gusranwclug deposits. l would like <0 quote an eminent bsnlter on the Injustice and futfllly of a deposit gusraulee. l refer to Mr. James B. Fhrgln. (‘hstrmsn of the Board of The Pirot National Bank of Chlcsgo, s native of Scotland who wu for many years with The Bank of Nova Sculls and is now one of the leading bankers 0f America. "ls there any- thing in the relations exlsltlng be- twoop banks sud their customers to fill! ll (he .,' dent gave the opening address fol- of Jgggph aqdlcheese business of 1924-1925 sea‘ Butter season and ended June 210.564 lbs and whey‘ ll 5E d’ fr; @2545 of Berlin. of H a ma! the rs. DurJng a?! their: . s he‘: mark-d bx ‘t .._ f who prpcsrw- and than funeral _ he from the last respectsI father also of Mother, the Health Doctor, says: Give your skin x dune. Use Iifebuoy regulady—- exclusively-f or casual dansing and for the bath. It: rapidly vanishing clean- ly odour is you: assurance of its antiseptic value. LIFEIIIIIY HEALTH so» ?uri/s'es and Yi-otecta lzvcr Brothers ljmitnd Toronto daily blemish. by infection fromthc thousand and one things we touch during life-things have touched-by lack of towel fiicrion aftcrthc bath, or the usc of harsh, adulrcmcd and so- cnllcd beauty soaps. From bobyhood to old age the ’ purity and antiseptic qualifies of Lifcbuoy Soap will kccp the skin normal and alive, and free from Lifcbuoys mild, creamy lather goes into the pores and keeps . .vn-.qt=w.._a.rv.-..,- m<v~ that others them ope1r—-a.livc—and pro- tects against infection. For a healthy, velvety-smooth skin, use Lifcbuoy, the world's most widely used soap. 3 3 tevt make 1 lb cheese. The total receipts _ . . . . _ l pan; fur the whole year oflgallgiggyuirer and to 561159.05. The board of New The Pyggi. LoPage. vice president: butter and of Mr. began Oct. signed on account of 4th, durlnk this year: ullobl; 11.0: mJImu to _ Jrc-asurer Miss _ "5 ‘he w“; auditor: ‘YVllliim Taylor, manufac-iesung Brown, sales! d directors we" eleaelL man. With a competent board ofl Adam Brown. vNBlllt-"ll? Andrews. Ernest Houston. Bruno‘ Pineau. Walter Buutaln. and John Clark. the latter taking the Place Artemas Moffatt who re- Moffatt. 857ml; c. smllh- 3588-11’ Paid to patronsiand J. Stevenson. $554.89. milk. averaging Janie GEOYKE ' a - _ he a hffh m. n: of ttr mlfl are Mrs. Jan. Stevenson. seiclrgxii llline gar-tum‘; ineolk", ‘m! The month's aim-ion include I _ very live article h! cell?“ H" '~ 0_ C directors the company looks for-iClllflffi Ilwrflrllesllrontertslnll; Donald ward to another successful year. i» ROD AND GUN Fills an l interesting “arch issue of A handsome special section con- lll healthwmlniug the winning pbdognphs The following patrons were tbyof the amateur photo conceal re- largest contributors for the wlmlflcently conducted by Rod and Gun o. c. uePase. Stlilfltlilr Houston. $881.72; Bllller Orr $825.- featuro of the the magazine. of a remarkable photograph oftwo . _ bull moose lying‘ will] lllfify mo"? l" l“ "- ""71" blmnm‘ m“ The employees o! ""5 wmlm“? w; interlocked. having fought to “m” 0"" narrative of A Tenderfoot Hunt ti _»; the Wilda of British Columbia. i! ‘well as other hunting and tislllll ‘narratives. The regular monthly fealllm are good and Raymond Thomw" continues hrs series in the B18 woods of cusses ‘with the P" Family. while A. Bryan “will” __ has another good chxpur ol IN series Brwaos tom tiso Wat- Bonnyclstio Dale duals Vi"! Cm‘ to i-oue in also of great lntertst. Ill". mum“: m‘ me on“ Ban“ m‘ “m” 4;. w_ Bpnfgin, 5520.31; tym- which has been just published. Munn. 8812.51; G. Bnntaln. $20-19 The cow-r deslzn of the Mal-chi season hezan June J. L. liePuze- $738.26; .l. ‘ar. ' I ‘ r y endod in on. (‘heese $104.10; A- BPOW- $59M“ A‘ k= =1 vvrr "or color reproduction ° W‘ 8mm‘ and ‘m; gm l; punished month- banklng ‘bllilllififlg the good should be , tcrprise i5 out of proportion to the f taxed to pav for the bad; abllkv taxed to pay for lncompetencyt hnnevly taxed to nay for dishonrst)‘: r-xporfencc and training taxed to my for tho errors of lncxporiv-nce and lack of 'r:sin‘u2 and knowledge taxrd to tray for the mistakes of lgnorauco?" The real security of dcpositore lie-= not in r-onlificatory legislation but in a ban“ g svshern wisely regulated and a hire-red by men obtaleni. lntegrilgnnfi experience’ Anotbor poirn to whit-h ! would draw your a"entlon is the quite wide- spread rr-lirf tfznx hank aharclxolders receive an unduly larze return on thcir inrevtnrrnt. bef-uuw thy-y get from 7 per cont trl l6 per (rut. ,1 ycar on thw par value of their share-s of 8X00 v-arh. To correct this l would stow that the average dividend in- r-ltulins bonu=es paid to the share- holders o.’ (‘anadiuu banks on capital plus reserves Is approximately 6 per cent. An average return therefore of 6 per cent to tho uhareholders on the amount invested cannot he nid to place the ohlrohnlder In tho profile-er class particularly when‘ it is remem- herrd that lf a hunk fsllx the shore- holder is liable to be called upon to contribute 8100 for every share he 0171!. in the banking systems of older countries. the borrower is not often considered. Men mast borrow when and how they can and pay as much or as little for the money as circum- stances require. 1 believe to strongly ln the necessity of an absolute per- formance of englgemelits to think ll necessary that any banking system should render the path of the debtor easy. But in this country the debtor class is xpt to make Itself besrd and l wish to phow who; Canadian bonk- "18 and branch system do for the worthy borrower. ln a country wherb the money ac- cumulated each by the people's sav- lngg does not exc the money re- quired for new burilos ventures. lt ls plllfl (hi! lflll IYflQI 0f ‘IIIHIII l8 the beathwhlch most completely gath- ers up l no savings and places them n all. dlrpossl or Ill borrower. This practically moans this tho savings of slovrgolng commsuiun are spplled to othsr cnsntsuuhlss where no en- I money at their own command. In (‘anadn wo see the deposits of the savings communities applied directly f to the country's new enterprises in a mznmr nr-arly perfect. One bunk bor- rows‘ mnncy from dospositors through- out lhc llarltlrnp Provinces. where the savings exceed the new enterprise- va and it lends money in the West. wlvrrr the new enterprises far exceed tho savings Another in the sumo manner guthPrs money from the en- mrprfoins! parts of Ontario and Que- bec and lends l: to enterprising locali- ties of the same. The result is that ntau)‘ hundreds o! bnsinPFa centers in no case baring an exact equilibrium of deposits and loans. arr- able to adjust the excess or deflnctency of capital. (he depositor g receiving a fair rate of Interest, and I the borrower obtaining money at s lower rate than in clfles or towns of relatlvp size in most parts of the out- i lying British lfinpfre and of the Fnlledtstatos except ln the great centres of international finance. l believe 'hut it should be the object of every rountry so to distribute loan- able mpital that every borrower with adequate security can be reached by someone able to lend. and the machin- ery for doing this has been recognized In the banks. That is surely not rt 800d system of booking under which the surplus money In every unenler- Wlsing community has a tendency to stay there. while the surplus money required by an eutorprhlng commun- hy has to be sought at a distance. If b)’ Paying a higher rate of interest. sud seeking diligently, it could al- ways be found the position ‘would not he so bud. Th fact ls time when it is most wanterl distrust l; at it! height. and thd cautious banker but; tons up his p: ketn. When (hers is no inducement lo svert trouble to a Yomftllllllt)‘ by applying its wants in limes of finan sl distress. there is no inclination tr do so. thanks with small Capital d no orauchos are nos- apt f0 have very large sense of ro~ sponslblllt)‘ alpr the welfare o! (Ill coumrv is a whole, or m: any coll- sldernblo po Eon 0f it. Bat the lilll ‘n (‘encda may hudrodo o1 branches 1r’ l a’. cxaggrrntlr to describe It n. r.‘ ‘ha? Interests which it is l cannot be idle or indifferent in llull of trouble. They canno: turn a deol ear to the ieglllmatojrants of the farmer of the prairie provinces ll" more than to (he merchant or man! facturer in the gast. Their business b to gather up the wealth of a natlv not of a town or city, and supply tllt borrowing wants of a nation. There are few countrlm in lit world so well supplied 11th bankllll facilities as Canada. The brand svx-cem not only enables every townfl S00 to 1.000 people to have a 10W‘ stock bank. but l0 have a bank Ii" power behind h vastly greater ti" n bank would have such as ls loll En towns of similar size in the Cull‘ Stmro. - smiiilfilllfl us. llElllllllllll llllllli8llllllelll t l Chew a fmlvrlflusvfl Ill“ Instant Stomach Relief! sick 0f 9"" £3 pore ls hail‘ ~ 7- n. pl’! Bil‘- mnsol ll‘ m MW" ", d!!! o w.’ t*llr""=v"