P ll-(HI-» chltlolletown, Vice-l*resiglen§i33l)'r`§ 0 ' Sgr sz. :.',`--. = . Q ll ‘1-.° : -; - ) 5 §H;_l¥L0f Ecoiioniics arid Commeice, Sl`i"_l§i'l_littii`ii'a _C%E, ii Milt! l._» ¢li.ii'°t§.e\ar_ii» F- E-J .' _ Jenin- ui .Pi Bra. 0.1 5:';.v~r‘»i C*~°f\°° livin Iii ¢,i5$3irf»ri»g9l'll'“.§l_,i0ie°§f;§ill7!liCt°~ 3 el; ' - -,/,_:ii ',~,;<_=.':f. T 1 ' 1- gn' 1 -A _ 1 $13! , ° nhl! or;n._ir\ _ 1 ' f. era'-g~ -rv*'i<:_f nr” ~ - _ >n@1mo. M i i-‘gli CD am, I ` l , , _ _ _ » V . 1, _ -A A ,_ _ _ _ , ..._ ., /1 fi-. k iv' ,-,f,- 'J ,_ wx, f I _'lg sl ,;,,_-'W Nr", ,~ _,__ .*.,..,\ " ,- '_». I, I ,, I - , { Q -l` .V ,V ` .~ ~_v,pv -vqwllnll - _ _ ,~7, _,, --~». -» , - _ _ ` . _ nh v 0* 1 L ` 1 3 ` " ’= ~ v< fi di-vii# ‘ .-.¢.s.,... _ f P9!’§l41?li¢}? Tff _Q3 lL¢1lfQ_ 6010101.90 _tl Low Capitalization \ . 0f_fi,__¢¢, Charlnttsiimoi Prince Eduard Island Authnriz e _ ital - - gold f up : al . -_ -_ - » 2 .tina igh€an1taltS110¢k00 to - - 218,000 - ~ 27 5,000 - - , ion 9; 158 fb” Used Qllll’ l9l‘ 510'?-0¢¥ EX,li¢H§,i0Il in Purchasing Live Stqclg. 9f_ Dlrsptsrs 0 llilnclier. ‘ - 'Q _ _ Qvfdgp. Sackxills. N. B. ' "Brett uit igéamson University. _ crelpry Tr - Ca eroii, B A (Oxon Cliarl clown os _F1-i»°»-.¢o°f<»fsi»~f is \'ii$ri.° ,o»..L . I Sec Tren of lhe'¥0;fl::lme0a l0o"¢\:ic`i` i‘él'l\aaocia'tion E"i€u£. CoalqMg_: ' ‘ §_,¢_?l,I9l_1,:oi-so ` _ liainril 8_1 .Gudrl . fE;._n°.n!i.§hsI:érx‘.vation`;» Teh 'of rzligszdnanlligalglatglnciig 0?6.gS?`-$03 efromv litterl; ainin live from Charles D toii's si breedln stralii” ~‘ - » off 5. _~'~fBhree outof litters df 4 "éi1H*`tlie rem ` " Q* » ` £0 - -“"2 _t ` . 4 _ L _' 7 l ' l L-ni' "4 '~ V” ’» . - -'i I.""\"-i-,_g.-`l;"_" _ ¢ \ ‘ , 1 ~-». -5 ~ V. vi . -_ i.,, ,..._.. r_,. ,, .,,,-,_.i_,_.,,,_ _ ._ ..... ' I ‘ Proposed Extension I _ I 0 Al' C "s I rl il rin the V resent season They will be carefully selected from the cream of the stool! ` The Conip,any It is proposed to add up to eleven pairs of youn 0 whel ed in the ompany pens u g p i ls back fort ee ggnuamms wiiiiiisn ii§vet_hef1ta péaigfefea. foxes'sii~»ciass A,in so-rains nie iiedigreés‘oi t§pres'ént.a.h_ma`_,`g_'_p §_ - ' " 7' ' '_ " _ I I I ' Grounds for ,xtenslon ~ _ _ _ _ In the opinion of the Directors the best policy is' to"`g dually enlarge the' Comparly by the addition ofa certain number of select pairs _each year till 'the Industry settles down to a pelt basis. It is a policylwhich looks to the future interests of the' sharolidalers, and if judiciously and persistenly carried out will place the Company -in a position to cany on.a permanent business for years O' come. A large, rand# can afford to have more conveniences and better equipment thanfsmaller ones, afnd at the same time because the busin ss can better organised, many economies may be ca-rri__ ou tin theil‘liiinagZ-iment andrdnniiig‘expeiises,'lncluding fot'idl>,'i'srilén‘l`es`, wages and advertising. Moreover the JOHN R. DINNIS PEDIGREED FO ES LllVlIl_`ED with twenty-two pairs of foxes wi offer a better insurance to the investor than a Company with live 'or.'ten'pairs. Where one’s investment is _spread over a large number'of animals the law of averages assures a steadieif and rigors certain return th ri where it is all placed in a few airs. I ‘ - _ ` _ ,_ _'_ 1 ‘_ ‘ ` ‘ " ~ ' ll f th ost rolific strains and are descended from a _ _ . . V It) I PEDJGREED FOXES have all been selected; according to a,veryl_ug_l1 standard, They are a rom e m p ' I the dandls a¢e~heD1NNS~ 1 __ _ _ , animals \0ll1idse :iRl1¥clé't'itiil”s gli? the highest prices onthe Londonmarket. The management is therefore very desirous on retaining the cream of the progeny of these valuable foxes in the Company s “_ _ S _ _ Pe ' _ , I _ f __ ._ , _ , M, _ I s oi1lioliZat1_on_ I ~ ~ _ _ _ _ ` fo S will be Ca italized at $493 000 or $22 400 per pair The eleveii'pair`s2 of old reeders will be worth at least $28000, per pair at the enclrcg0t)his bxi%feg;)i2)g season. It is “thus ' T1? 22 pairs of V M lt ' f thp li" cad value of 'the present breeding stock of the Company the additional eleven pairs will be virtually capitalized at $18.1 f or$ . per pair. ,Aa - r--'_' -_ 'I ' 'ig t' li .`ut_Staeo__eenan_____ ‘ . _ _ s Y`lq9‘1't' no iorl;anization.e§ipense`s'to be added to the capitalization of the foxes in the -Company. _ , V,-_ ~_-. 1. it ‘ _ .,\ ..-. \ r Q* Li - The Rancher’s Record 1 The Ranch I ’ - mo. -The natural drainage oi the gliound is good so that thsré is _N0 ~ _i1m|l‘§§ii`»_,¢if' spring trcalicts so fatal to young foxes. Tho air is always li\\\'b qnllrpsh, lor the winds 'whlcli swgep the hill-top curry away all lisrmhil will Mlagreenbls odors 'nnd.t\l`m»ble the chilling logs _‘into £he'vulT0yl \1llDW..'1‘hs 'fact that Mr. Dlnn-ln has “qv” had it single cuss nt,slcKhesb1 0' ‘ pg c. o“1A“gustIl‘{rst_ v -siiipiiz .hislinimcli since hifboukhttiis meant mnni (tin-as ym»_)`ii;dl ll"Vl\if|l|ll0I\¢ ¢Vid°“°° °l th’ h°“m‘i'i\lnens`ol the riinch rind surround- `?"‘|*li fs in a stall oi expert and trustwarthy men on thc ptsitiill' \ 'ni t, . _ _ _ 1'iili'iri`|`°si»tJln the work oi mdiiitciuing and ziinrding the mich. 'Stand ii V , _ . ‘ _ - ‘r . ` ‘ '_ ' fi - ~‘_ ,~, '. I 4 1 ,` IT, ‘ K p* _ ' ut. rn _ine tty, is the night wiitclimiin’|_ house w ch ova _o ‘_ _ Q ‘ b E""""B ' 'lf' ' ` ‘the eye ci this olllcei'»'|`,£1, etiuinh-s if. - fi ` ` ____l _é _ _ _.our oi *lie ii“P_l‘9 '.°:t¥" ““"*’ “‘°“9“‘“ - - *_-ggnvsr -- ,, '__ I | ,, 1. situated as it isf on s nm' top it is, inesiiy ioeiitm-ini-s toil _f I' l ' - ' Paym¢nt¢.`1,9 P~ ¢i-011 ¢;\vPll¢Bf_i°!‘$ ' _ I p. lc. on Octoberliirst. . _ u Any further information may be obtained at the Head Mr. J, R, Iiiunls the owner nnd rancher began lvreflding-foxes soma i Haven. yenrs ago in Alberton, i‘. E, Island. Being unable to purchase his lirst pair with his than ncciiniiiluterl means he did not hesitate to mort- gage his property to nuikc ii start. He _scciireil tho alsistsncel. ol Charles milton und ll. T. Oulton, the Pioneer breeders of Atherton, and inter the ` ` htilp of B. l. Riiyner, now nun ui t»lxei1‘l0$t iiuccensiiii rancher! in the fffdv- im. Aim iam years mining he ieit that in renin make it success ‘ci linndlliig ii lnrgc rnncli. He moved therefore to Charlottetown in 1911 _ and purchased thc vnlunlile property mentioned ahove.` ' Liicking iiiimcient cnpitnl to pur°l\f\l° H ldrge number ol Bilver Black Foxes he solicited inx compnulcs to hoard (oxen with him, Several Colm niinlcs were induced to put their stock in his charge andthe relultl ol the past three-year; )\|\v¢ gm-pulsed ull records. In 1918 igohhly _ poor year for ineronsel tho assets ol the several companies in the INNIS ANC-H’ increased nn nn nvernge about 180 per cent. over 191i. Bo - great a reputation has Mr. Dinnie mode that many fox owuerl have hluced their stock under his care st in cost of 33 l-3 p. c. of the increlle. _ , Bo much more miccesslul than other breeders has he been that A large ' _ . company chain tn iiiiaw him-.iniiia 25 oar .cent oi the increase when __ ' other ranches nflorcd competing rote ns low ns' 10 per cent. _ im 11 'I' - 1. i.. M.. nimiis- "mon hmm. thot. lic never lost/ii young lox from sick- 1 i . _»,.| l ~_.~,» __ 'l .rf .7 '},f‘.'.,`. ‘l ' ' fl - i-» :i`_~‘l-`." if 1,. .` i= _ *ot _ _ _ ...zt _ iii'-2', ':_~,'_ . H., ~f~» .ss ,xii 9 i e I 1” V-1 -,..,_»~ i 1 1.. f. i I :‘>,