iiliiendqusrters. , , . ,, . . . i take the chair. _ ‘lflir Lonier (louln. K.t‘.5i.(i., .41}. w. ‘ti; hililer ‘m; 3a,, u lie appointed to act tisrcru- nu-Lthat .\ir. t‘. ll. (‘vonyn he ‘r tary of this aieoting, This I,” edfunatliiaoltnly. nth PRESIDENTH‘! .\ DDIIENS- vomit‘: Meredith, Ilart., Presi- in‘ addressing the stunt-holders‘. are nulvitlg the adoption lof the rt, it is etbltoniltryt for ate to tunka remarks. inns ni‘ your Bani: liltritlg the past r lllts shown ti satisfactory and lthr expansion. and, in conscqitersi-c, result or our operations has tigain uastratcd that tltedlaniCs earning er u-slvilhsttlalliug the el.~onomic ,|,,,,p.g of the past few yetirs is lupulrl-d. .\ioae_\'. at home and ltbroud been in better demand. and while rates llil\l' not materially‘ nlivaneetl, larger turnover has resulted i|\ bet- cllrui't_s.‘ broad survey_ of trallt,‘ colulitiolts tha ycar iuulpi‘ review duds much Marten and little‘ to lllflfllufillft‘. In ost every tlepartnieiit of commerce ,»1t_ is greater and. despite keen prliiillil, prolits are larger. t‘onil- we lladu practical demonstration iu reused capital investment in develop- excess is only $1 ti llf natural resources and, in a les- exit-tit. expansion oi’ manufacturing us. tltastuuditig iuthis respact- is er hand, ‘Xllilil we are not shipping a of the pulp and pupor iii- aboard the same voiann- oi‘ dairy pro- ry. the. exploitation of mineral lle- duets as inst year. we still have a dn- ts an i the harnt-ssittg oi’ water rainnting lrallo in cereal exports to eoun ers, eiossiy allied‘ industries indig- I910 Canada and in respect cf -h she taayltcsaitl o. stand uarle- States for newsprint and pulp, so that l. The growth o! the pulp and pap- the diminishing tendency in our giver. ,,|,,,,,,-y h, ,.,.,,,,,,-k,-,b|@ m,“ hna'pffli tthlo trad: balance not-d not give ilii- ,, 1M," ,,,-,,,|L,,_ 1,, u.“ you", ,1“,- nieliiateeviltcorti, though its significance rts of woody wood products ‘and Pllllilflllll! liinflftlll- have iiicresiscrfrom‘ $13,000,000 to lssloolt. The‘ ilrlltctl States‘ con~ ptlon of newsprint is over 3,000,000 I a your, of which (‘anada supplies |er mnro than one-halt‘. Within the ° t twelve months (‘lmadian tnlils now l I‘l' construction will be. adding about i ‘ of this increase no less than $2 consisted of iron and its products. Also, wisp“; hn-l-olklvill. and nppi test the llellul-ttou is very satisfactnigv. iiutit trl lspnvtatlott lines ilave, durinl.’ ‘M0 tons a ycar ta their present out.- aall. nnilns tho prescnt rate of l-on~ ptloti expands, there is the posslhiid. l _ _ _ A. u mum“. o‘ mwanrin, ponm,“ m, of iarelgit capital coining into t‘ana.lli for lnvettiul-ut is an offset. While. it would he preferable to have Canadian capital available for (‘attadlltti tlevelup- . ".\' ilil‘ Allllllllllll" i-"lllliiil"? °l meat, it. is impossible for a young Illa" l" "Ill llllglvclllllklllil "lllllllllll/llxlll country tn surlply the needed itionoy ‘ |ll1‘l‘\"l - l9" °°mlll“‘i- '3 for this nu‘ one. and infinitely better l‘ ll ill‘"‘-'l'll‘ "l" ll mull "i "llllllt is it to illavleptitls development iirouga: “"0 H r‘ ‘mm-Ll’ 50 U” mm‘ m"? llltlliil hi’ ftilvlii" “iliililll. i" lllt‘ lirllll‘ ed prndtlt-tlott to cxptinsioti of trade market. at tln distant date. n- Powcr- development on the Sal:- DEiiliiifBBlR-Plwllllfi ,.¢*""*‘_ ~tute or iiiliiiiliiii r a cember,‘_l_926. . . _‘ offiir Ciltlrlfiti Gordon, o, Vincent hleredlth. Bart. was _alled by .\ir. Jlttaes ‘Noll; ‘method has merit. It unquestionably s the balance sheet. lmllcates. the. is oi‘ keen interest tn bankers, who deal a valuo nl the seven months to Octob- sion of instalment sales has not halted tho acl-‘dtn-listloa of savings deposits in the samurai , nor reduced pill-chases 0! llfadtmuratiee. ‘fhcvssllsr who etn~ ploys thin ‘method undoubted y incurs risk uitlsss-ho has taken adeq lite safe- guard and iprecaation against loss. null this in tho crux of the whole llltestioo! (‘ottduuted yvithirt prudent lines on the pnrtjsl; in“ buyers and sellers. tho aids business. bringing to the mcrciulnt custolneis otherwise unavatiltitlr. Nor ,is tile principle new. .\iost houses are built or itoaght on the italtltlmetlt lilnnhtitltt. is to say. tipoa mortgage. atill credit. is as old an the hills. The danger lies in excess. lllxrlericnco in the anbonfoiliio tradn has shown that the porcentagu of ears returned to the deal- er diminishes as the initial payment vis~ es. a lesson not to he lost by those. who sullen the instnltiilait plan. The sitbjeet in credit. and my enneittsioa is lthat the method should not Ila condemned Where. cniltiottsly’ conducted. which moans. when the. standing oi’ the buyer is curefltlly considered. an illllplt‘ down liihyminviit is exacted and the ilaiattl-le spread aver a lllniteli period, ' The aggregate of t"attada’s foreign trade still expands. lniving itnd ti value til‘ $l.‘.'i)tl,.'.0t<,0ti(i la the seven tuomhs l'|l'l int: (ietoile; liitll, at $»i2,litltl,tltiti tnorl- than lli the l-nrrel-lpotltiitig period last year. The character oi‘ the trade, how~ ever, is t-Ziatigiitg. imparts having in-_ creased, as a l-ltitsequencl- at‘ which tho favorable balance has lliutlnlslteti. Tak- itli: the seven uiontlis‘ rterioll, tin-re was lust yeui . n excess nf Mkijliithiltitl of cx- ports over imports. while this year the .-tit|,ittlti, and it is pos» tiiblo that ‘his margin tnay lit‘ further reduced iii the llt'tli' future. tln the nth- terbltiattce rising imports. with a stead- ily lutlargitig market. in the ifnited r 31st. oi $507,331,000, being greater han in 10A by $03,795,000, and larger han lti . ty likc period since i020; and n tvl-oltsltlerabll- tnetisuve, the stream $1.00" thotu. .\t-t u- yea rs -.=._. ,~..~-. . considerable advance inads towards morsscttiod conditions itl “ml-st and la partbrttiur in the direction of inn-ic- l-"Y Itsihllili. The re-elttuhiishnidu, n; sold either its u standard or as a basis for currency in ulost of the loam“; countries has been an important footin- hi thli favorable lleveioptttettt. assisted, of course. by loans oi’ u very fflflglder. uhle amount ilnurd pl-hloipaiiy ta git-.\t Britain and America. Tho recent Belg- ‘ian stabilisation loan is u ltotswortlu. example. indications of upopfl-un“, ilefJWGll tlIQ central blinks uugur wall for the maintenance ot‘ th-e improve-l financial situation. The Qlllléflpp or “l-"lllllllllll; iuter-tiilled indebtedness rc- tards the return to squad ilnsucial eon- liltions. iilult encouraging prugresg M; been inslic towards settlement, hut til-i ratlticstl-ia hy- France of tier debt no. reomanl with tmid Brllillill inla Aineri. ca is hi1 urgent. necessity. efai re. view ‘of European affairs fvpta \'iil‘if)\li\i uncles. ht-“evcr, gives ille every r..,,,,. an for 1t more optimistic outlook than til 11"!‘ time situ-e the Artillstit-e. ‘rile imperial (‘enferetiee has tan, h, Lu,“ doti and til-t the least itnportatit sud. joet oi’ dlseiit-utioti is the plan for the ud~ vaneelnetlr 0t‘ British tradc with the it“. minions overseas. A ltntatlll- develop. meat tiuriug the year has ill-ea tin. creation iii Great Britain of tha I-lmplr-p Biarketltirr Hoard. liltvittl.’ the ltutitority of tho iiritish tiorertltnent tn expend £l.iitiii.0tlt| per auuant ni‘ pntdte ,,,,,,,..,. for the purpose of fostl-rittg ll... ,|,.,,,,,,,,, in (treat liritltia for the |Il‘lil|||l>p "l" tlrerseus lillniitilons. llvltisit trade has suffered u not‘ re set-hack as a result of the long~fotititiued coal rltftpllflgu‘ wliicit lilis for ticarly six itiontlis turned Great Britain from a l-oai exporter l|| *' r. tn thn serious lietritnl-dt u trade balance. 'i’httt lilrt pound. stei-liitg tdiouitl have rentainei ailove the gold export you"; 1,, ,-,,,.,. ,,;~ the diffteltlttes encountered is prnnf n.‘ the tittnttt-itti stveiigtlt ni‘ l;,~,.,,, |;,,_ taitt. Ill (‘nnalit better itarvests llt:|r| 11mg of this i ur itave iloeu g;|r1,.-,-r.,|_ |,,,, -,,- a whole far tiers have been well rntlnro. pdnsell for illflY labors. The wheat cr lp at itifuilotktlflti bushels tails a little sin-rt of that oi‘ ‘i125. while iaweviitg of flrnfp caused by prolonged wet woafppp ,-,,,,,,, POIIIDPIISXCIIIII lit ltighev pried, N, “H. ihc net rltnrtt should not be substat- tiaiiy l't‘tlllt"ti. \'il~ situlies nf l-iiatati~ enuditiotls are iii the way oi‘ natal-p, .i'l-t it can.’ he said tital ilil-tee .'l|‘t‘\lil'iilil‘i' more frrqaeut nor more exit-euro in (':|*| alla than I t-ewbel- year with . tattle, the t'a|ittl|inti i'lli‘.l- er the i‘li-I|i\'_\' over has little reason t-l t-otnpitiltt. it tnay interest you in lean, and lli-ti, taking one that in eleven tunntlis nt' the evop y,.,,,- iil‘2-’i-' attire than nuc-italf the \\‘ll<-d[ shipments from ivnrill expoFtlng con-.- tries eute- ld front Panalia, which colt~ tributell Jititidilltl out oi‘ a total oi‘ NSJititlJittii bushels. a fuel statupiug 0 Better domestic business accounts gxmmmlmli “fol rmlimi‘ r _l|'rh_'l"plr‘ltf:;ll:_‘;1""? 1'01‘ flii! I-ffowtli oi‘ imports, which iutd M“! m "mu "mull" “I _' l . ', itienuu- ol- r liu- unnte ‘rear, it<l steadily un tlil- tln-i e. atiwuwt lull-rd fairly aceuvntl- nt‘ the vnlltntl- of ltasltiess The .pnrtl~l| ineri-ltsitig earnings ilh tn mouth. the (‘attudiitn Pneiiit- ug-lvlenl-lng ant- of the lteat itt its long period tot’ stil-cesstlil‘ operation. tfiid the (‘tlnudlttn National des towards nvnvl-oniittg tin- tpitul eitarge. which not long ltupn-nll a lierilltis harden upon Federal tttiattl-trs. It is trite to say that. with rt-tqlet-t to the raliwtuvs, to ca‘ ' - halt tiltiL Iii‘ liable ti! Yliltlflftl T"? dry and opium“. ,|.|\-,,,,r,,g.. 0|‘ n," |,,-,,. and to reduction ni’ taxation. imnllgra~ dill» Th" "lelllltl" "r lhl" ""“' lll‘ pie, than to have our resources iill_dar~ tinii ls essential and to uiy n-lnd. the most iiupuitittt factor in (‘nnallirs m “mum “uh n“ mm“! "Hy “f llllllll~ -'\ initlt of lllllittflillltdfl "til lll‘ growth. Altnust no liinit. can be set to la. wdl add materially to the re» ,,,,,,,.|y ,-\-1_,,,.,| |,, u“. ||;|I:|ll\‘i.‘ oi trade is the large itolllitig nt‘ ilnniinitln se- curities l-y our own people. I ttunw oi‘ no ntnre striking example of the re- serve wealth of the. (‘auadilttl peop than their iaveslinettt. in iioiniitiuti (luv- es -it‘ the Province of Quebec. cti we llnve our great niiticral re- test ln 1012i (‘liiltltlfbtl mineral pro~ a wits $i~ld.00ti,000. iti NR5, $228,- ), a pain oi‘ 5'! per l-cut. its a pro- rof gold, the iudleatiotis are that may soon rank second among the til-s of the world, and there can linlillt as to the vastness of our tiai tnhierltl production ill general. id nrhlls been the development. oi sotirt s at national wealth in vee- yatlr ,' n limit can reasonably he upon their progression. There is. ill- the frequently discussed question its extent. of our puipwood and tim- lrwttrcca and tho danger of pro- s at excess of current demand. ilil!“ "it would not: be surprising. fleet, on the industry. "M so some a dacgessq ‘ill-till orits been so thin u no ""54! sis tho number o! hands "ll ill recorded. There artt. o ll lay period out-ins the past "m a m. rsptsumsi a r “Elliott, of transactions debt whlql, spy -, ‘titres-lag sense of tho vital lai- ~ of forest. conservation hids lit sci mt a deterrent to excess. and "l." “the conviction that these main» lIHtVlnltdlan comma-re’ will ions’ l" Wiratitor and footwear trade. “fill! industry depressed ‘ 1M0. "mlfitst has set in. Tho t!‘ 01"" ' ‘l’! iltaenloycd moderate pliblllfif‘ y‘ "Wind steel works have been “l! "ii ltapioyed. Building 0PM?!" '“' lllllitiout. the country have tleen live. but in ‘some cities houleirflfl- rltetton tlonld new to have overtak- tiflllllll] and a slowing down iu t-llifl "It lumber itlutiness in Eastern Can. ‘ l" not been prosperous. in British lvl-hlllltltl lumber tnanufscturers a501, I a reasonable o but t o‘ ‘ - . _ n" mo low m Ivszmlfiroul vim (:1 ttoihtnutit of a souudcr and nlole The tlreatcr use of substitutes 1'01‘ W. such as cement, steel. pill?!" l8. ma, cannot hut have an lulur- Midi-pl with the improvement in . , 969W.- . meat, 'nt. since it“) ilsva a mails i oi’ theldastulttlotlt system, might flmi .l tol its country t; is‘ in l tntdlil and ta. a t-itlaawl" l"- Ifiyilunal variations in the lle~ "l Nd labor. but. tho onconrlllnl "ll that unemployment is now M! ' N . it ' » ‘this o! modern business ti! ,0? "i. tutu. which In some sulle- mtshiy‘ automobiles. now shat-scur- "illhllll differ III to the , J! "h A of the method. si s!- "i lint. salt adptlttstll! ‘time w Iitih to the autumn. 1's "nlirliflllllllflllfl and which ‘he "°"\1l\lltls Mullet-him. wt w mil" hand ho ll. it iionm, com- ttti course sf thrift and. MM‘ "" tumult. it tho sat-mu who. iwr-rn. ernnietit. bonds. liefore the will‘, oi’ a i-‘ederal debt, of Siifiitidlfldliqi) much the larger part: was held abroad. but oi‘ the 1 ~|.tt. lleht of about. $2.."i0tt,tl0ti.titifi, no i sthaa $i.l)il<l.00ii.iltlfi, or uctiriy 80 per eenL, is hclddiy‘ (‘anadiitns who receive utid employ ititcrest oti this itnmctise sum. Tin-re need ho no fcar of the lin- aitebti stlttility oi a people who in twelve years have invested tienriy two billion dollars in their own (iovrrlilitcili hottds. ,_ As, no titan, so ito country can live unto itself, and to better business the world over must. be attributed sonic oi‘ litiprovcd conditions in Canada. The United States has enioscli u veer l" aboundito: prosperity, resulting largely frotn the ovl-r-tntiitipiyitig demands for niany commodities hi‘ a fully-employed population. l‘ stressing. as it does. one- twcifth of the \V(lllt|'tl consumers anl oncihaif of the world's tzolll supply. its owwtcrcitory furnishes an ever-expnitd- lug nttirkot The people are consuming less titan they produce and savings continue to show a surprisingly sub- LINE prosperity attendant tipou ilil intiux of [lenpio l-otnnu-nstirltie with the aitl snriiitt< tznd tissitniltttitig pl-ivl-r (‘nnud timt has tats year been made and it should an: be n vsin hnpn long the toitslteiatlveffovts ot nient and private ngeticitls tn ltttrtlct. to this l-ottntry’ desirable settlers front abroad ‘will bring grutii_vi|.g results. 2 Snare progress ill this llirce» tut ere. iiovervt- in eotmiustott (‘nuada bus emerged front the r1 dtl0\\' oi‘ restricted business tutslttisiilctnry earnings and indifferl-iit balance siteels and iiic irenli of busin- ess ii now distinctly upward in prac- tically a'l lites of lrtidc. l l-ltititot any indlcatioti that this period oi’ pr parity b: Mmil coining to an end. l ht iievc Elli‘ ilil(lt.'i'l_\'lll1.f eonditilltis slttinll tin-l the future can be view --i with confidence. Tlili GPNICIIAL .\l.»\.\‘ AGICIFS ADDlllli-lSS .\ir. (‘huirltutti atui (ieutiemcti:- The hundred and ninth atlnuai hal~ mice shoot. of our lluult, now [tresetit- ed, reflects. in the fuller employment by tho buslttcss interests in Cattada ot‘ our ltvltiilill-r funds and by our ‘compara- tive fr clout front losses. the general iuiprov-tneuftiiat has taken place lli the trad,- at-li commerce of this country tlurlng til-t rust your. As a ‘natural consequence of these fnvarald: conditions. l have to report lint. only that our etirniug power has been ytvatet, but ilint. front every staudpoiti‘ we are iii ii more. virlle col-- stalstinl increase. inflationary tendon-u iesjrlv well controlled. The establish- msrtit o bdyealltrtti Reserve system has all the character of the ll\OfiL‘l.ill',\‘ ltnd credit structure of the country lialt there is no reason to fcar the farmer extrctnsuflftuetuations in general busin- cotidftiotis. Another effect has been wllicdltircall l-conottiic development. lie- strictiott ill a few industries stands out in contrast‘ to the Iflififll and wclil sedtmrod prosperity but there in faint indication of anl! over-ftfotluctlttli 0i columodttiea. Keen competition exists ta ‘may lines ,-.‘lpl.'ff||\ll,_:_lh the motor in~ do,‘ h which dtlthqu tho assistance at“; i it: marketing the enormous mmém, output. Pllcesp yhiio‘~¢0'tlsrsl* ly. stave. are oti the wholo showing lmilq progress IQWIIIQ-AQPIQI level The rsiiroadlohlivtt lcidom- been ntorlrpros- poroul and ar rendering service of the hilhlstt nee“. Jon. Fundamental eon- d[[,\o|‘|lv\ld|l£i‘l¥|l\K the business sittin- lion cofitinhc sound. There is no ovi- deuce o; a piling, up of raw materials 0,.’ goodlolilllrehnnts, isrtte illill-ttilittll, who learned iu i020 the per- of danger by hanlbto-tpouth purchases. lfommotil.tl' prices are not unreasonably Ifllh ngtttvshow a tlrvlluiatl‘ tendpnzy, ossptwtm‘ nsintf nrogtwatv- Thwart-- out the country generally among bul- ll cnnlltlsltw and a sound financial Dwi- sgqqg nu- huyin: power of the South. ill of rvoiisn inventories have he?! 0"! lam men and in the labor ranks their nrolutti. leaving little ground for pelt!- atlnn, nithounh the reconi-hrvstkltllf , “m,” cotton crop will probably adversely FM! Tat-nine to European affairs. there is o l“ ~g9°llcfl if‘... 21 dltion ti‘ ever before. while we ad lag ltlw: I will tout-h. the close oi‘ our hunk ycar. Gold altll subsidiary eoia Iieposltu tn Ventral tiold ltescrvc . . . . - .- Dontlaton Notes Notes of‘, and Ch othor Banks . . . . . . . alnnces ill other intuit» (full Loans .. - Iieeuritieq . Gill. lit-me: tn _ points, Ln don nnd New in . have fed lit‘ B’ sltrreltggom" a the country is better. qompsm with 2. ma “Wills: w.‘ - e trily of th- |l\‘tt|ll~l||l|t‘ value. 'i‘lu~y are brouliettittg the fu ‘ laille to our viii-tits, creating lug that the liztuk is nly l-otleettteli in the puidie l _ weltnrl- and in furthering: the general here to n r tune-honored policy of bl.‘- lti u strong liquid position. 'i‘he tigures l-ntttuitied in our ilalaiinc sheet tnay not show any remarkable l-itattge an vntnpurl-d with titose oi _a the floating of (‘nnatiltttt pithlie loans liitltlcttces :tl work. tin some ei illvfll‘ in cash attd quick assets we held, at 100 .00 _ pom home in tlreai lirituln Qfifipm welfare nl‘ the l-Ititpirc at ‘heart. atmloofltiti liiyititldltltl ilstsltthlittti . Iv i The total, H2i.5(i0.titl(i.m:i{5l\ll"li _ 1 I H mllllllllfi llnfllmillollclll" 3 P" " ‘ . _ i , ‘ith ilil fposil on in tho bank ng war t '.' o! our total liabilities to tint pntllte, ttrerttlrous peope o m ons n and this is approtltmstciy tile position which wo maintain year in and year Arrrt from better business conditions isn't: undo. mt have naturally item-titled by sn ins raved tit-maul for money and t rates at our pith-bit‘ To meet tho presto: demands of our conltnerclsil IIMOIIIEII’! iu Lgntladn av" p olir nvcstlnons ly ll ‘ proximately $91,000,000. This sum re- "l"l""‘"°" "“,""'l',,',7°°;g'f_°'n m", n, . h, m"- “ill! inure to lnlnl. u n “mm hnlll 7r m“ m"‘:"mch mi“, ,,,,,-,. and rapidly rising dividend. Inst, ‘Lllli. oltlbmtsli failures in Csnllds for Ill l": Fllk" llmtmotool’. [unpaid ..'....| Jyul, ..,. H‘ THE CHARLOTTETOWN than a your ago. They are now 8M7», Otitlslott. nnd it. bl satisfactory to mods-t: that our time deposits. which reprcsnntywhctl develqpultilll now under for the most part itilllvifluui savings way are completed Canada will have lu and showing a steady annual trrowthdtlttv 4310M!) horse power, repreuutiul This plainly indicates both the thrift of our people. and alsl their continued l-onhlllntce in the Bank of Montreal as the custodian of their silvbtgs. (bur bunk llretnises tlcenllitt has been rl-dtll-ell i-‘l-‘illdititi during this year. nnd we have. as usual. made roll pmvislotl for dnaiutettlttlcle nnd tlitl-rtttilttis. \\'e have durinz the ycar opened 12 new branches attll ugeill-il-s. and cloned tilt? shine tiuinilttr, leaving the total utt- citttngad at, 01d, We do not look for a very rapid re. turn from new branches as a rule, and ltroceed with due caution in establish- iliit them, yet we maintain our policy that the Bani: shall be represented u rever there is settlement. and activ- ity itt Canada,» thus ensuring tor tall; public all reasonable banking fa- (' I H. .-\s liiastratitlg the Banirs settled de» termination to keep itt the van of bank- "it: hrokresst let me iliPiiIl0li some eon-o litlrativeiy new special services we now render ta our clients tlnd the public at large, .\t the ilead Oiiiee of tile ilunk sev- "_l'lll lllieeial departments are in opera- tlnns. each ot‘ them tiiannl-d by speelai- ists in their respeetirl- lines. We have, for instaneet a FOPPlI-{ii ile- lttiriment. which kot-ps in constant touch with all important foreign coun- V . facilitates ilu- foreign trade'rellt- llltllri ot‘ our clients. altli endeavors tn create or increase. among persons and tirnis abroad. tln ititl-resi ill this l-ottti- try andlits opportunities. .\ sol-nnd departuiettt watches the hourly iiucltitttitttitl in the many foreign rWlI-‘lltges and disseminates tliis infnr» ltlatioti titrnugh the titedlum of our uys- lent oi‘ private telegraph wires to l-eii- tral points and thence to our hundreds ell l ‘s throughout ('anlttlli. We are thus ile to give to iila [iuitiic facilities l" "Xldiiltiut" transuv-iiotts and the Ilene» tu oi‘ the elnsest eontpetitivl- rail-s. \\'e have so a department whit-ll speriitlizcs ill securities, tnainlaitiittg ennlat-t at all titties with the nnlrkets la this lll-partitieat are at the tlisposltl of our clients lilrouglt tltn nu-diuni nt‘ any oi‘ our lttTim-s. tln doubt. aw- ve, ilu- liank s tins been puidiultiiig Wet-ilil‘ repl itpnll the condition oi‘ our t‘an:u| tn crops tluritig the growing settsnit. Furttter. we are now issuint: u tnnntiliy Iiusittess i~‘tttniu*trt' covering all pitases lli‘ ilusittess al-ti ‘ titrangltoitt l‘.~lttuda and in the s ii countries where we maintain offices. (‘opies of this Hunuuary‘ are sent. free tn anyone ready llistriitnletl llling thrunghotti and tn [tifilllliilily l'\‘t'i'_\' enun- ||t the world. in the past few years nur flank ltas distributed to the farmers oi‘ (‘antltltt itinre than 150,000 copies oi‘ excellent hnnlliloldls dealing with tldrtnittg stilt- Jel-ts. and the nntny letters oi‘ appvl iatinn received ilave shown that nltr ei- i-trts lo further the ititerests of this section oi‘ our population. null tn in» l-r e their profits, are wideiv apprec- t t. \\'e ltave tiltlti prepared . id liis~ tlibuted ltbroali many lllllilhllllll copies i‘ our itookiets dealing with (‘anad:t. possible itntttigraitts and investors, null tn stimulate their interest tn this enulv try Not ail oi‘ these services perhaps tire directly‘ reinunl- alive. but that they hav lli been ni‘ very delin- 'ai interests of this country’. York and London ituva apl- itl-ll sat grnwtit. u restllt nl‘ the activity in ilaslues. at someivitat h‘ ‘ averaged ' _’ per cent. in the pvt-eel (luv l‘a s Iluslttl-ss is well es ell and st alliiy gvniviag in itnportat (iur tltTlt-n ituiiditig is cnttttitodiltlts, . l-i lirmleiles, resilient! in hicxh-o (‘it_v. oi.‘ au curly i‘t"0lill‘lifit't‘ to that tnarkei stream, and this expression of contili less than .'i'=‘|.0tr0,00ti. greater lutlux nt’ iirltish capital. flu-l. rate enterprise. _\\'lnttipe|:. 'i‘otla,\’ i "IT'- ott-‘tit no pittlus a nneltitttlo set tiers to come. h For a decade tn re or less before tho . ntnved seeottdeli by .\ir. \\ tdlject being lo attract the ltntlee of (lur outside reserve offices. New tnctnriLv in pninl of earnings and Funndu is now secpttli per vapita In Wntur pnlvl-r devciupittt-nt in the world. u capital investment in power llnts and tratmaissiutt lines of $854. .000 Ibo uttdeveloplid wealth iu'this lleid is prodigious. A conservative elttitnitie is 25.00111!» ilorso pawl-r. ‘New three facts uioun, apart from all other consideration , would Piltllltrh la attract afresh to this por- tion of the British Empire the notim of British engineers, promoters, invent- ors, aiunufaeturera nnd inteulllitg enti- grants. War the view w s st times expressed in liolldoa, that Glands was icing ahead too fast on ‘borrowed money and that thero was danger coil. Thole of as who aid not altogether ‘agrifivtth that view at the flmo rail now tit-i ' admit that there was some ground ‘ such criticism. t)u the other hand in cola uris n=' 'i lli-i Willi Volatile of both puilllic rad‘; ‘in rate Canadian borrowing in the London market. tho percentage. of sill-ii motley lllfli ilil! bet-ti inst is ltniutpnrttitti. it is. I think. worth tinting iii eon- l-llodolt that with a [lopnlittiott leslrlhau lilllllihlftitl t‘atuidtt's exports arc now equal ill monetary value ltt the exports of the ilnited Hfltles win-n that country hull e lliiliiiitiiiltfl of 7ii.ll0ii,litlti, a re~ Iiiarkltide showing evl-u ltilnivitlg for tilc tic-creased vulue of (he dollar. Aduiittittg that. for a period lfanailu Willi Kill"; ltltettll too fast, we iielievl- we lind our lessntt. that we are living tluWll our tnisttiitl-s. and that things have tak- en a turn for the butter. Moreover, we not oilly believe but. know that we h . one. oi the llPai and vil-Itest countries on earth. i'lltl\'i.\'t‘l.\ll Ili-ll'()il'i‘,‘l reports on conditions lli the various ‘ti\‘iiit't'N have been pre- pared und are . ailablle nn request to any |it'l'\‘||ll‘< tli-iifillg tltetn. The l-ttstottt: ill~li'tiii'i‘ .\lt(ii"l'l-1iI The l'liiiil‘lllllll then invited discnssintl. hut there lil‘lii}_' unite. he nlovl-ti Nee» onded by Sir l‘h.tt es tlordnu, i-‘ that the ill-port nf the ltlreetor now‘ read. be adopted and printed for illw tributiotl dtalntg- the Nhtirehnldvvs. . The report was llllauluinltsiy- adopted. lli-s lilllltil‘ iil-nvy Fneksttltit tiuived serottllell ll_\ .\ir. ’l‘l|ni| l ‘n. that Messrs. u, l..\. and Heltvlrl- .\.. u.- ap~ pointed lulitors for the bank for the onsuiul: _\ . null that the ballot for the tiudltnrs be taken at the same tltne as the-ballot tor tlii'l‘4‘itl|‘§ is taken. . 0n inntion oi‘ .\i .. \\'. lleatiy, K m-elntlil-d ll_\' \|r. resolu- tiotts l||t|ttil|l|iit',',‘ the to vy proxies for tho ll. tk . ‘nu n controlled eotupatties lvevl- ii . y adopted. 'l‘li.l\.\'liS 'l‘t) fil-‘ildfillilri The linn. ilodnipill- Lettiieltx then '. eiv; , that the titanks oi‘ the tileeting are hereby tendered to tile l‘ -illl-nt, the Viee-llrettideitt and Dirt-unis. for the attlntloti in the interests nt‘ the llunk. la speaking to tilts tl-sohltina, the lion. .\ir. Letuieuxsttill: “i tnay say that it is a [tleasurl- and honour for nut to inovu this resolution. i httve looked upon the liuuk ot‘ Monti liviiish l~linrtirl~ but oi‘ the world. 'l‘he progress of the llank of .\inittreal re» fleets the progress of tunalilt. ln fuel i tnay say that in my llllllllilt llulgtttt-nt oiwa t . 1 r t. .\ t . IIhlllmwtviasainxir l tl,l“\ll‘_n,l,"‘_"l;‘ilf llIl-iiittc, and lliill never been knllult t» . tiviil. \'li'l‘--l'l'iltiltltllii. and llirvcilirs, 1|‘ "kl" "“‘l' "I "P "it" "H" Y""'Ii.\'- t" think we should enngratuiatl- ltursl-il‘ oa having‘ as President. \' l'l'i‘\llll‘lli. lli the Failed Sitites banking re», _ ,.,,,,,,»,.,.,_- |,,,,-,. ,,|,,,,,-,, "up. ,1,.,,|,.,,,,,, ;|_q‘itliiit'tl steadily the. itouor unlit di tons . ,. tnllney has l"i‘lliillil'\l in plentiful s ppiy rates. tfali tuonev per t'tllll., as ngltinst niirably sltttatl-ll and extremely well |||l\l'ttlil'l.(‘t|. Iiurlttg the \ ‘ we acquired the to Mexico (‘lty liankitig which gave us tiesirahll- pretal s in the l-etitre of the ‘t-iaii dis- tril-t ot liexien (‘ity attd relieves the l-nn gestiotl at our llllilil oiTil-e. liar business l-nttiintit-s tn expand on safe and l-ou~ servative lilies and is closely supervised by nltr local Nuperititettlil-nt oi’ .\it~xil‘o lu London. new Pltnulliarl public issn~ es have again been negligible, null up- piiretttiy titeve bl no present. prospect. Antl-riettti capital, however. continues iirlil-ral Blttntiiffifil. ill‘! Sllilfiflll"lllllillll" to iiow Into Pauada like a bountiful tal that ilevelnps oiir resources ootue from the Ilnited States or elsewhere, bu I shall not be tnlstlndcrstooll if l say that for llmpire reasons, who-p ,,,-.-_ tinned lli this resuiutiotl as b: ' tnore than taereiy sentinlctttal, ljatiadtt iriully assisted ill brinfllili! fllilil" llll“ us a whole would lteartlly welcome a rep-st, i-naslder our tllroe Prairie. i‘ro~ vtuees. Less than titty years ngn they were \iiiililii.ll)li"l'l. TiIFIVlHWIlNJPQ Intliat . ti-l lfaio. ulu a sruo so etnea na- lldtwllflildil Hm $2, m,“- ,,,-,,,, ,1 Ffit‘ qnqxxawtpast _vt~ur. As you know so well, . r- 0,- ,|,,.,... three Provinces in i000 was more than $¢i00,ti0ii.ii0tl inhexcpns of the worilfs tiunttal output of ltollhflolll mlrl- , _ (‘it ill-conn- exhausted. but our Prairie flltaillilirllll Iliitl lirlilllllll‘. “'ll“- “uh l'i”fi\‘||\l't\t| WIIwfllIIPIOXQTEIlIlEI of ‘proper - _ rrr- rnpn o o protuc n; n per- Hllilltv.‘ Itt other words the great sum to flii the most resltfilillliit‘ Pfittllhlll" {f ' om {qdpy the lianh when they are ealled ltpon. and itirovtoru, nien nt stl-rii for the graceful and filuterittg remarks pnslnl: the resolution. and .\ir. .\'n- fnv having seconded it. Your l|ll't'i'il tnkl - kceu ititerast |il the Hank's . . and iu uitiiiitainitig till itigh Ira-i ditinits and prestige it enjoys." .\ir. William llcliastl-r then tanvelLi seconded by hiajor-tletteral, the Iiou.i H. t‘. Nelvhurtl, t"..M.i that the thanks nf the lllfitilll]: arc ltereby tendoretl to the tlencrul Matiager, the Assistant the Aianagers anli other officers nt‘ the enee by our great itext-tloor tioiglitlor i't'"l‘- ‘“-,,;_.,-.~ n,‘ \-[,-|,,,-_ is extremely gratifying. The prnl-eelis of (‘llliiitllilli public loans sold in New l" "llmllllllll "L "ll" _\"‘5“lll'l“"; “r: ym-k g n“. (qlkrndur $1.",- lpga ,0 ,|,,,,. hicilltstcr said: lli tilts t'iilllii“4‘li0ll i were it sLtitltLtititi. while private hiierl- “"llll'l "k9,"! "f" i" \\'lllll_ "ti" l“|‘_"" can capital newly invested itere, ai- llllli"? ‘Vlihlti the flank stnl-e l ‘towel though utireoordl-tl. mus‘ have ilcen not "l""i"'l llpfflttillhcr oi the linnrd in ldbd. 'l‘he Ilranehos thou numbered Ni. H" how number over ooo. The stall‘ was l~‘rom a purely material point of view 1.5%! and i000)’ I1\l"l"'l'l‘=l li-"dlr 1""; 5L ,,,,,kp_., ,,,, ,|||1‘,.,-,.,,,-,, “q,,.,|,,.,- u“. “pa. total ltssets their were Jltl itiiilions. linl fl they urn now 7R5 millions. I think that yititt-se tlgiircs show an expansion which id rtsult because oi‘ their loyalty, zeal ability. from the (lent-val iianttgei assistant General Militant-rs, the hupet“ tint- oi the inauy uilsfortiities whlelt Iutetideilts and Inspectors dnwtt tn the Britain null the Empire have llilll to staff, senior and limit"? ll" "M “m” as a result of thoUWar has lloen to liltlkt‘ thin "lovely " llirllllll l'"""l“‘ the l-tlrlailttienl in the Motherland of lleti. alill therefore l ntu sure that the exportahio luitliiitl. This condition will siturelttilllers will agree with ine illdl gritdutiiiy litiprove, nntl- nllhoulzli the \\‘l‘ Hllflillil l"! limit‘ lllll" lower interest rates now eurreittlniril itt recognizing the gnod scrv ifuited States preclude for the present by titnsl- l have tnetttltltlell. ‘lll|i1lIilt‘(l1‘ girl-ti N!‘ Nil!‘- t virtvs should be rcctignized in a taateritti London. this coltdltinlt is not tlitoltetitel- tannin-r in keeplnt-f Willi °lll"l‘_“"l‘“l‘l,‘,"“"‘_ npplil-tlble to tnoney bnrrolvetl tor prl-mtui litirtililitl. and we sitouid to as ‘as possible in carrying out this idea. and i have nsuch piensttre. therefore. lli / -. u tnay li0l be. out of flltifll‘, therefore. overrule: thin resolution- tll itietttion three auuttatilllng facts re- V . _ Wm l‘ “ gal-ding (‘unadn .for tho benefit of pn- fhe motion was enrtlld \l -| teutinl liritish investors lhdjof those at ltltitlflv- who "have the i in reply to this. the lletteral Malta:- l-r. Hiv Frederick Wiiibutls ‘ayinr. tvlltl ,_ to "thank you tor this ill-arty eonnitetl- lull-grit '. and industry nt‘ a weiblruiuei now receiving. will he fully enmpeten n 'i'he nmuo for the oppninilnettt e Sl-rottli, tholtltit (‘aoada is well kuotvn for the ensuing year was till-a pro t» . a lot‘ a . This we regard ilil ' L "H, , “mutt n m"). ,.,.,.,,,.,| ,,-|,,,_ m“ mun" we: “M”? "tljottgholtl 2:‘,|flnullfnottlhrhiitlhtttlsgtllred products ht . ' ,|,,. paint of production amounted in Tilt‘ Willi-i|\"?! li‘i'°|'ll"ll “l l" , motion .000 ilil ‘pane. this itlhilithta or utomm I» -‘""'" -""‘- . .‘ Thitvi. our protrresi in “burnt-suing" M‘ n P ' A E “Mflr Mm". "m mmmmm M “mph h“ it'll-homily, lilo ohootroupulllglsrytho facing was entirely secondary. .‘ p. {It pa: -_.eost~ m, Ill Ill!"- e tpgpqm- latest illzures avnllublewtq ‘J,- [lurpose reported that Messrs. Jame elected Directors: — one of tho fnrcnitisl iiutittcitti instltn- it was the hen nv tlll- egg that appe: lions not only ill Fanada and in the. m] “,0, l look upon the llauk of Montreal as till""" "P" lllili ltlltl 1'0" the cornerstone of our tuttiniilti credit Hill" ' ‘. 'l‘he advice oi‘ the Bank ers when would ‘lli’ l~'li\"‘l'll' itesi lu-iltlu-es or l|4tll|~—-tit‘ with tlu- ,_-..d. "W" 3""'" l" "l" fish that laid a lniliinn eggs in it-t l-ttailil- the hen tn lay at night auli_ you, .\ii‘. lsettiiettx, ltuve tualle in pvn i H, t "tln behalf of all concerned, I have dlttlntl oi‘ services rcntlcrcll during the "l" Willie ,l itrl-lttlillts are. prellivlitlt! nuiilltcltltttm of ‘our pnsltiolutmthtitloiililtlgs one tmudred stills-y. 4001"" “'”"d~m“~v I My m" 1mm‘ height an exchange tintes that pi of. UlmUuJl ovnttlli rm‘ ml" m!” "pros “"-'m""vr"' 196mm‘ m‘ prficumhl" ‘m.’ rm. n“. lw-"nyl lion nf a skirt-roller nu a ltlslnrii- the training anti experience they are /"lili€l'€Sllnile‘ ilic Most Viial Factor in Lil's» ill T his Company has never paid less than 6% interest: on profits sndpoiicy proceeds left with the Company, and is in excellent position to continue a high rate in the future. Compare this record with anything else in which the security is absolute. Branch out“ for Prince Edward island 3i’ ‘Charlottetown , HYNDMlAN & COMPANY, LIMIT‘ D, MANAGERS Agents at alt principal points. t‘nel.shutt. (learn-oi .\'n- Arthur i'lll‘i‘il‘, ' ‘ ‘ K1‘. 1.. ll. ii. liramlaotui, t‘ ‘i ‘ Pitts tint-don. ti. ‘ Lntner (touin, l\.t iluvnill Kennedy i ' .- ~. |- .lt' Viticultt .\ll'rl~ nu. the llntt. S. t‘. l~‘. \\'. Moi.‘ Lil-tit. l .\ilil~tn||. i‘.\i.tl.. .\t,l-._y 9 .|Zl|ill'>i Ste art ’t'ile illvviilii: then termitl:l|l-i|. sultselpletit lul-etinl; oi‘ the iii-i Sit‘ " "Ill .\lt-|‘l'|iiiii, lt|i'lii, ttiltl Sit‘ i ll i". t lrllou, mild-Ill). was l‘t~ elm-ted l \'it'l'~l'i'l‘tillli'lll. i i0&.__;_ HON‘ 'l‘() NARI-l Till‘; ll,A> h‘ l..\\'- Lord iiewa President nt‘ tln- i'Irli|il'_\‘ Flllb, ntievetl piqualtt stlgge.» lions at the club dinner ill London l‘t'- l-enliy. on hnw iii-us taiglit be tutidn to lay tunre eggs. lie said he was ant going to npen up the controversial subject will-titer st, til‘ ivlinl lnoilts lived ttpoa before \iiunt and Eve wore l-lnlltl-s, ul‘ n taut; I i» ierlllig tlw Legit lltlirtlve laying vtliitll-ii)‘. ‘itlttllfilfi flil- taotnr aid they sitoltid aim tn retain the t'l|'t‘ll‘it‘ unto. aid u.- l....;.- t. ,. int‘ eninttiattlilltg abiii|_\. who h ti,» it, ||t|||lil‘_\' l..-|‘..,-.. |,,. ..,'..|, . . .~ ,_ ~~ “ liltsitiess ltcumett nnd res ‘i ,1“ ' Fug r U - _‘ which for over n century" t z -th< "ml, \' '"l~ l'v""lll-‘~ i'li~'"""‘- lllltl innit. ot‘ Monirettl the pride o: l';iii;l<|l-|t'=Il>lHt< en the ‘trill. tins at houin and abroad.“ .l\li he not w: lio- val-bit .\ili||.<~~ltl" _ _ {hall Se» ttlsit ]i|ll‘t‘l||\‘- and ills lt\t'l'lll‘i|il ‘lite lltli. llolloltiltl‘ Lelnteux ‘tit<*|t>,.h“,.._ ‘WM, hmnxt H‘, “m, m m“, tain.-d tho vale nt thanks, tin nllnle. ;,-‘,‘_‘,‘_“_, lmwdpr My m“ "n" W‘, Mm ’i‘ile resolution \\'.'|.~t adopted tltt:lui»'l"“_‘l"' "m" him" m“ ml" ‘fr """""'- lord ,,,,,,,__.,_,._ l tnulllgv trot-pail. \\:t\' one tll illv out. .‘f'~l, it‘ not the tI|tll‘>i, of liit|llS|l‘il-\‘ in. “H.- ,,.,, 'i‘iu~ ('lii.lll'li\flll——"illl ilehaif nfnly i‘”1‘i\[l>l' \\'nt‘ltl. he stiili. It w s gniut.’ nu ,_. leagues and thyself. i wish to tttaui; ye" to-rnl-l- Salnsnil hall his h iv llnidiod or _\lt[‘ll| merit .| l|.|\ il- .\ln dropped the tes. - , Hatuslut were living tnliay In: tire in Arabia. Adaltt tln- gunn- ill .\.\llI||l\\‘Il forest. Joseph bl‘ Israel the Viceroy of India: Snloitioti would he in prison for an elegant. suffieielt- ml at ' |~l|iil|l||'_" ,e_v ni‘ biganiy and other ttiarttal n feta-es: ltnd l'lt‘tt|t.'iii‘ll would lug iu-r retnitiseeuces fll-v the Hun .\ IDOTTOIVS (‘FQKTII"I(‘.\TI"I. i la Ireland u titan nanleti Joint .\'ni- nn. t‘l\i|i‘j'*tl with iliiiiltl: a pablil-atl. was helped by his iriettds. who vitlseli ‘a large sant of money and etigttgl-ll (three reaowlted barristers in lllr. be» ihalf. lTlit‘ iettller, who knew the tent» lpertltltetlt of his t"tlttliil'_\‘lllt"il. timttgltt tu-eessarily reflects credit. on titoiqo tacit-tum, H“. ,,,,|_,. hum, ,~,,,. m’. ,.1i,.,,, “sp:fl rxhLtyll at: ilii'l- . . pttfilpfllllliliifill ot‘ the ti dl int" .t “Plttlllill oi‘ tnnntbs, by which titae he !\\'lll~‘ certain tlmt pity for the prisoner iwlfnl- i When the prisoner \ itlnck his leading euattsl l'('liilt\j|. |liIll'|'tl to iiin rilst- to re- ‘qliest a pnstpnneinent nu the ground’, iltat his client was serinttsiy ill. ‘ “\\'ith your lmrllsltlns pertuissinu.“ ill" said, drawing out a sheet of liltin- ‘papci- nut nt‘ the folds nt‘ his brief, “l ‘lwill rlud ttu- doctor's eel-tit‘ . o, ‘l ‘beg to certify that, in tar opinion. if ‘Jnltn .\'oi:it| is piuel-tl nu trial ill tlay, \ dtls life will be eudatlgeveti." I "l tln uni wish in do ."ill_\'i|ili“_" tn Iprejudlce the llefetice," said the judge, ‘with a staiie. “llut, judging by the lli" positions in the ease I shnuill imagine that tlle ilnflitl"! belief is wl-li fnunli» = pa." i» - ORIGIN 0F Tllltl fili\'fllill.\l'll‘.ll. were drawn not ionlr agn fnv the re s MIMI)". Now. ttveaty-tilx years lii|0l‘.““"'r.\' affirm‘ n! the llttniv- "It" ll» l" "_ ltecattse tln-re. in 188K. ll..- l n build» the actual value is close to fltlthflltiflilll‘ flliry which otir etiiillqimfl‘ M" lllillill hm M» "m. ,.,,\,,,i,],.,-,,|,|,. l,,.|,l,, tlstitiell. I utu glad to say that autnng ‘mm Mm n "W, KRUM‘ H, m ottr seiilor staff we have officers of high such illlllflllllitl of l-otltrttvi? n been proved practicable. lli‘ tor as \\e have ll today prollu‘ fvl-onid have route into being. silhouette nf Atueril Pull-i have lltlflll radically different. ‘file first strut-lure. the grand lath. f Amuwrl "n" m“ drain" "r mnwn“ er of ‘all the tlllvevs. nnd piles and, tltep-bllclut. ‘was a ilttlgilittg stl~~~k when is was pllt up. Skeptics lniind e it MAZDA L A Canadian Generaliilulectrtcv - L-u The Great-West Ljf sable to pay this high rate of‘ interest because of the care observed in selecting its risks, its economy of management and the high rate of interest earned. This means low cost of protection. |t\lit't|. .\t‘4'nl‘ll- int: it» quartet‘ nt‘ the year ls popular time for wcdllintf—a fashion ulfivii ileguu in i000. The fourth l\Tti.~ l|ll.'il'IPl' was the llltnil popular daring .,. tliiwlu-I not -\"“ tli.~i illiiilt‘ ltl.. Uillllt on |ll-i-.~~'tlrl- .\'|t ttilltll-lvtil. not» litl- |tl|'t|li‘illt| lil.\'.\.\il‘|' Nliftiiiltl be the strong; man nu the tuus~ to- \\.'t< "halls, Rinses lite iirl|i>it rt-prl-st-nilt» |.|,|||, the y ‘lllillillllll |ill|it'l')~‘. Eiluilllili; Till. pages of sin sanietitnes vnm- Yirvt litluk for their sl-rviees liuritil: till‘ "Ml lll'liltll'tl ll l\lilt'll iigilter price than the ilil-l- it|l"|\l‘l||: l~t \'t~:tl‘.<. the; plans alter. i\ lake low: to liiillit‘ ili~ lt-i'_\‘ in modern .\ttiet"\l~:t: iliiiil its monitor. in us; lire pinonel- Hki ll l. like any out erutupio nt‘ inu I atliulnsiiy nl il|t- __ ,\\itil the t‘\|‘l-|tliu|| oi‘ tile war years. lli-d l|| the iivuls H" |<<||l~ll| l-i-pri- 1t l; ,.,-,- patio. or ‘ l" ' pvnpnr- ' female. births TLIT fewer tnarriagl-s l|| i937. than itiitt, tile figure beinl: ta..- tliiit‘ atld place outlo- first Ilflflfixii. ' nt‘ n steel traini- tag in some. liililtlli prlliviltit‘ The vretttrtts show that the third still the most tip- last t't‘iiiili‘_\'. ill-tn; lg inst 11.280 >i|| 102i. ——-i<0¢--~ . .\'l'Il.\'.\.\ll-IN ‘fl-ILL TJLFLQ. --_. rtttlllitl: ‘rt..- fol-t it \\'lt.~t not until t‘li 'i'ltl~\' iverl- suit p ti i! Many people wl-l '|‘lie most. interesting naulrl m,’ lite occupation at‘ those who held ..,, theta. ‘fitere is no doubt about Shep~ herd. lied iierrl, or Heard. Aelr‘ tierll. ad atoll-turd a trout-herd- 'l‘ite tilateher that roofed the ninnors ltl-ZFLISES. and llnvels of thn day “as probably‘ ‘fhackeru . but. as his itiateriltis ivuuld iary. .| ortlittg to lite district. l‘lll',.'l:li|l| unute would also vary. Thus. where iri-nds were used he would be a lteed \l~tt' slut-i ltitli_‘t*l‘. nv as we nitelt "W" ll lll-llll-Yl‘ ' l iieudl llr be illl|flll be uliuied ilil- |let‘. lll-<-.-|lt.~-l- lie ||lii -the "blll“ 0n 'tltttl:|_\' uvvll tn be in no dnubt. as to _',\\b:tt liteir tort-fathers liid. '-.\lllnt‘“ the old ante frlr tiilll. The .|| ‘llutelters. __....-¢-o§___._j ‘ ' That lllilli his reached the limit nl‘ pellet-lion who lllliy deserves u... the good opinion he has or hiitiseit. (he saute i to, lllltl off clout. ltnfi‘. Our titue-ltottnttrl-tl in New inrk t‘ity. The pint, in loll»? Tl,» rtqilmttled value of the tleld crops policy is to do all la our power to iii- or llftiilll\\'ii_\', ntlllunrlttlie ant ti-r iill_\‘ I Ill?" ilil‘ Win11": "ilil (‘illllmllllwlll "l event in Indian or (‘ldonilti tlnys. but “i Can NowDo lliiy Work >» ‘ c » Without Feeling Tired” bins. Tllnlly, Si. Paul. Alta" writes:- "Fol- two years I mattered-from pain in the back. -For throtmontbs 4 iiivnt-t-es also increased. the decrees oiutl- during the. yen! after the Norman ll'tlllt|ilt*hl tltat sun lillPfi were itdnpt- ‘ given as uiek~ ‘ilt‘il.'ili' inllivldtinis. ' we l'.‘li'ci_\‘ find any itpprotl- riatl-nl-ss Ill the names we ltear. The nrlatest iu-vn nt‘ the day tnay easily \‘iii‘l'_\‘ tlu- tlatne (‘award while ‘.\ir. Fox tnay be naylitltig but sly. Yet. it. is pvnitailie that lite first titan to bear the name Fox “as pre~etnitle|tt lit can» uiug. lust as the first Parrot, oi‘ Par» rat. was most likely u pleat talker.- aattieli by roason of their possession oi‘ some quality h!“ wltielt was associated wi ilil‘ animal. llart, for instance, was on dnubt a great runner, and Night- Wliltlzall- entiid sing. As for the Ruli- Urnutltiflirs‘ trnilin rellbreasti and \\ oodalis ‘luxolwdiraie, u wnllllpl-ekerl, thsvv prob. ably received their tlanies from‘ the gil they favored outside their doors; are ilitisv \\'|iil'|.l liliilill)‘ oritzitlntrll, lhrtlllsh th a particu- ertuau was tho mun who drove lllr pougll over the acres: Swlnert tended spine: and (‘nintrt looked after thi- calves; while Wethert-ll was a wetiier- Ill. . vile Hillel's. llillars. or itllnrrs "f niilts are nlsn free from doubt. and- ~ - the linkers, the Pinrits. and the‘ lt a bruise nf cards uud walked around ‘I the hint-k rather than pass i-insl- in it, . . . » (llntlhisott (‘.i»\., and (leorge. f‘. . e- f ,- n M \. H, ,- ,, , . ,, ,|,.,,,v 2'15’ “u” mbmu" " our llmelullli-iiliflppdilliustftvtila ‘tlgi-"tiil- Iimtnill. .f"-A-. were tittly ltnntilllirll """ m o r m‘ ‘ u "m" ‘I . dill tlltors and the following gentlemen dttiy on "M," Wu“ m hum n Mmmnu h] , nether, and here was n siartiinl new a-ottceplion of steel inlnes on ivhiell 'i‘ilrnugit llil ilistnry lltlln had veiled - 3Q (Huts a bit II The nr. A. w. ca». Mp4 I could not walk. ‘Titoidodor told me l itsd severe kidney trouble. sad that It would take-s longtime to get: better. I tried everything Leonid got‘, but was not: improving. Then I! law Dr. Chase's Kidney-liver Pills advertised in your Almanac. I tried om box, and they did mo good, so I took six. and in less tltnasl month i wssfsoilng fine and would do my work." 3 _ ltlfi. l.