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THE' SUN, TUESDAY, NOVEMBER 4, 1919.
. ' i .. t . ....
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A Good Time to Buy
Canadian Mining Shares
In tlcu of preialllnc condition.
Canadian mining stocks are quoted
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prices. Kecent spectacular ad
lance bv industrial stocks have
contributed largely to the lack or
public Interest in mining shares.
When the Inevitable reaction sets
In attention will be diverted to
mining Issues and a sharp upward
trend in prices may be confidently
anticipated. Kilter metal lias been
selling at record prices. On the
other nand sliver stocks have so far
failed to respond to this favorable
Influence for the reason mentioned.
K Present purchases of sound mining
securities therefore should result
In substantial profits In the near
future. Write for our analysis of
selected slocks and copy of The
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MEMORIAL TO GRADUATES.
University of Toronto Plana Honor
for Soldier Dead.
The war memorial committee of the
University of Toronto Alumni Associa
tion has begun nn Intensive canvass of
all graduates and former students to
Bocuro a fund of $300,000 with which to
perpetuate tha memory of thoso grad-1
uates and students of tha university who
made the supreme sacrifice In the great
war. Campaign committees have been
organized in Toronto and In every county
of the Province of Ontario, in the larger
cities of the Provinces of tho Dominion,
In strategic centres of the United States,
and In London for the BrltlBh 'Isles.
The committee In charge of the war
memorial movement was elected at a
general meeting of tho alumni In To
ronto. Before any decision was made re
garding tha nature of the memorial
oplnlo'h throughout Canada was can
vassed In various ways. The outcomo
was tha plan' to have scholarships, el
igible only for returned soldier students
or their dependents, a memorial tower
and gateway connecting east wing with
Hart House, and a war. lectureship. Tho
alumni of any community or section may
establish a scholarship with a local
name and set forth the purposes thereof.
The names of all men nnd women who
died In the service will be Inscribed on
tablets and the names of all who wero
In service will be recorded In an appro
Although the direct purpose of the
campaign Is to raise a memorial fund,
Us constructive value Is to rally all
graduates and students to future ser
vice for their nlma mater. The execu
tives of the alumni association are plan'
nlng to this end. Loyalty to the uni
versity will be teated In this world wide
effort to reach every graduate and for
mer student on behalf df so sacred a
Tho headquarters of the committee
are In the main university building, To
ronto, and the officers are as follows:
Campaign executive committee Hon.
Mr, Justice C. A. Masten, chairman;
John J, Gibson, honorary treasurer; Dr,
J. M. MacCallum. Hugh D. Scully, J. It.
L. Starr. C. Leslie Wilson. It A. Cas
stfly, campaign director, and W N. Mac
The Eyes Have It I
ICtgina (Bask.) Leader,
He: What on earth do you keep on
clapping fort That last singer was
She: I know, but I liked the sown
the wore. And X want, to have another
M at It. . , '
Latest Information on j
FOUR BIG EVEHTS
Political Upheaval, Victory
Loan, Grand Trunk and Sol
diers' Gratuities Fill Week.
Special Correspondence to the Canadian
Section of Tim Sun.
Ottawa, Nov. 3.- The past week In
Canada has been characterized by a
procession of rather momentous events.
In Ontario tho dovernmont of Sir Will
lam Hearst, rejected at tha polls on Oc
tober 20, hauled down Its flag and was
succeeded by a Farmer-Labor alliance.
In the Dominion field tho upheaval
against the two htr&rlc parties con
tinued when threoCut of flvo byo-elec-tlons
the first slfice Union Government
was formed were carried by the United
Farmers with Impressive majorities : the
Victory loan, tho fifth of Its kind slnco
tho beginning of tha war, achieved a
measure of success far beyond the ex
pectations of its most sanguine promot
ers; the Parliamentary fight against tho
aovernmont'B Grand Trunk bill was
continued with bitterness and tenacity,
and the House of Commons Committee
on Soldiers" Civil Recstabllahment
brought In a report which, rejecting
the demand of great war veterans for
cash gratuities, uttered a strong warn
ing to tho nation In regard to Its finan
Ururj- Sneered. Hearst.
The resignation of Sir William Hearst
was placed In the hands of tho Lieutenant-Governor
after It beenme evident
that the United Farmers had formed nn
alliance with the Labor party which en
abled them to form a Government, and
nfter E. C. Drury, -long prominent
In the agrarian movement, had been se-.
lected as their leader. Mr. Drury, who
was Immediately summoned to form a
new Administration for the King's
Government must be carried on Is a
successful agriculturist, an educated
gentleman, a keen student of political
affairs and a forceful platform speaker.
The son of a man who was Minister of
Agriculture) In the administration of Sir
Oliver Mowatt, he has inherited an apti
tude for public Ilfo, and his selection as
leader of the new party, almost wholly
Inexperienced In political affairs and
barren of tested administrative capac
ity, has been well received. Although
tha leader of a party which, as ltB name
Implies, is a class party, tho new Pre
mier, In a statement to the people, de
clares that In a real sense ho repre
sents every class In tho Province and
that under his regime thero need be no
fear of sectional favoritism or sectional
After tha' political- revolution whlclt
swept Ontario the triuinph of tha farm
ers In the Dominion bye-elections was
not surprising, but tho ovrwhelmlng
size of the majorities astonished the
country. In Carleton-VIctorla, for ex
ample, an orthodox party seat, the for
mer constituency on Frank Carvel!, tho
Government's candidate, a returned boI-
dler, lost his deposit ; this, too, despite the
fact that three Cabinet Mlnlators went
to his assistance. In Glengarry the
Government's candidate, a distinguished
General, was all but- submerged : and In
Asalnabola. Mr. Motherwell, a former
member of the Martin Government In
Saskatchewan, who ran as a Liberal (the
Unionists did not even venture to putl
up a candidate) was defeated by more
than four to one. The moral of Mother
well's defeat was that while the Govern
ment facea a revolt In tho country Lib
eralism Is recruiting little strength ; that
the farmer movement Is aimed as much
against the opposition as against the
Canada and Her Suldlera.
The report of the House of Commons
Committee on tho System, and Scope of
Soldiers' Civil Ileestabllshmcnt has pro
foundly lmprersed tho country and Is
bound to be tho subject of an Important
debate In Parliament. The report re
jects the demand of soldiers for war
gratuities on two grounds: First, that
the demand Is not Justified; second, that
the financial position of the country
prohibits It from assuming additional
financial obligations. Tho report points
out that Canada's liberality In the treat
ment of returned soldiers Is unequalled
by any other country, and. In support
of such a claim cites the following ex
Dependent' (area l,l,57S.0O
Department of aoldlera' drll re-
Soldleri' land aettlcment ,E,101.11
Labor department lDS,32t.U
The report adds that In order to carry
to completion tho various provisions that
have already been made for reestablish-
mont work no less a sum than $175,971,
S96.8S will ba required. Thus tha total
expenditure lor reestablLthment work
either alroady provided for or now being
earned on will reach the colossal total
of $491,540,623.50. Tills, the report
points out, constitutes a vory heavy
nuraen upon uie country, and. maintain.
lng that if tho demands of tho soldiers
for additional gratuities wero acceded
to, It would mean an additional expendi
ture or from )iou,wo,ooo to $1,000,000,-
uuu, goes on to snow tnat this would in
volve national bankruptcy; that the net
national debt has Increased from $335,.
uuu.vuv in isn to approximately $1,950,.
000,000 In 1919 ; that tha ordinary ti
pendltures of Government havo Increased
during the same period by more than
twofold; that approximately $30,000,000
will be required annually hereafter for
pensions; that the estimated Interest
on the present national debt Is $102,000.
000,' and that there will be a .further
heavy Increase' In this Item In the coming
few years. In summing up these figures
tha committee concludes that. Includ
ing thp present Victory loan, ' Canada
within the next twelve or eighteen
months will be compelled to ralso, by
borrowing sums of money aggregating
from $700,000,000 to $850,000,000 In !
order to provide for expenditures to
which the country now Is or will be com
mitted. To ISncouraare Fox Farm In sr.
The Canadian Commission of Conser
vation is calling a convention of fox
breeders and others .Interested In the
business of fur farming, Fox farming,
although only In Its Infancy, Is to-day
netting those engaged In the Industry
over 91,000.000 per yoar. This conven
tion U in continuation of the pioneer
work done by the Commission frt Conser
vation In IJ1! and 19H. The develop
ment of the industry will undoubtedly be
much stimulated by a conference of all
interest, n the fur ninessl(whether,'fB
breeders,' trappera or buyers-
DOMINION ENTERS UPON RECONSTRUCTION;
CAPITAL AND LABOR MORE HARMONIOUS
Industrial Conference at Ottawa Does Much to Settle Conditions Radicals With
the "One Big Union" Idea Thoroughly Discredited by Labor Itself Continu
ance of Peaceful Relations Means Much to Development of Canadian Trade.
One of tha leading publicists of Can-'
ada is Bit John Willlson, li, B LL.D.,
president of tho Canadian Reconstruc
tion Association, whose head office is in
Toronto. lie brings to a discussion of
economic conditions a maturity of juag
men), based upon the experience of
years, that at once commands attention
for anything that he may say or write.
Born in Huron county, Ont., sixty
three years ago, his earlier years were
passed in newspaper work in London,
Ont, and in Toronto. In 1018 he was
appointed Canadian correspondent of
the London (.Eng.) "Times." lie was
knighted in 1913, is a fellow of the
Royal Bociety of Canada, n Governor of
Upper Canada. College and a LL.l). and
trustee of Queen's University, Kingston.
lie is the author of "The Railway
Question in Canada" (1897), "Lessons
From the Old World" (1SD7), "Sir IVil-
frid Laurinr and the Liberal Party A
Political History" WU3, "Anoio-soxon
Amity' (1906), "United Slnfrs andCan
ada" (1908), "The New Canada" (1912),
published by tKe "Times," London, Eng
land; "Reminiscences, Political and
Ily Sill JOHN AVU.LISOX,
President Canndlnn lircon. trac
tion Aaaoclntlon, Toronto.
'Written Especially for the Canadian Sec
tion af The Sun.
After much Industrial unrest Canada
Is facing tho reconstruction period with
somo assurance of harmonious relations
between capital and labor. Thero Is
little now to be feared front tho One Big
Union movement and less from Bolshev
ist Influences. As a result of their ac
tivities, which culminated in the pro
tracted sympathetic strlko In Winnipeg
and lesser outbreaks In Toronto and
elsewhere, the agents of revolution and
direct action have been discredited with
labor Itself. At tho annual meeting of
the Canadian Trades and Labor Con
gress, lately concluded at Hamilton,
radical loaders met with overwhelming
defeat and tho One Big Union was con
demned In a most positive manner.
Only one dissenting vote was recorded
against the report of tho executive that
"tho futility of the One Big Union
methods should havo been apparent
from tho beginning, founded as It was
on force and Intolerance of the chosen
leaders of tho labor movement, repudi
ating the organizations from which they
drew their financial and numerical
strength, preaching class hatred through
out the country and gambling their
whole future on the success of sympa
thetic and national strikes."
At the industrial conference at Ot
tawa a greater measure of agreement
was reached between employers and
employees than tho country could have
expected. Wh!Io thero waB disagree
ment on vltnl questions, valuable con
cessions which should mnko for Indus
trial peace were granted by both Bides.
Conce.alona hy Hath Side..
Employers while nuable to concede to
label's demand for an eight hour day,
agreed to tho appointment of approprl
ate Government commissions to report
upon the probable effect of such limita
tion of working hours In specific cana
dlan Industries. They also admitted
the. right of employees to Join any law
ful organization, but contended that era
ploycrs shou'd not be reqti'red to nesotl
ate except directly with their own cm
nlnvBpc or mrans of nmnlnvees. nnd In- i
slsted on tho right to maintain their I
plants as "open shops." Labor met tho j
nmnlnvnrs' mnrpsslnnn hv mlmlttlnir that .
"enterlng Into agreements and bargain-1
ln? collectively with an association or
union employees does not mean recogni
tion of tho closed shop unless tho agree
ment so provides."
It Is of signal Importance that the
present Industrial peace should be main-,
talned. Taking tho average wage at $3
day atrlkeB have cost the workers
of Canada over $44,800,000 In the l.i6t
eighteen years and a half, or an average
of approximately $2,425,000 a year. A
revised summary of Industrial disputes
from January 1, 1901, to June 30, 1919,
as Issued by the Department of Labor at
Ottawa, shows that .there were 2,127 dis
putes during the period. Involving 620,-
235 employees, and that thero was a
time loss of no less thnn 14,937,229 work-
lng days. Between January 1 and June austriai. commercial, nnanciai, irans
30, 1919, there were 189 disputes, Involv- I portation and other Interests. The
lng 105.026 employees and a lose of I Canadian Trade Commission contends
2,118,379 working days. During this I tnat "for every million dollars retained
six months period the average wage i ' Canada by a refusal to buy other
would not be.les than $3.50 a day at a
conservative estimate, so that the monc
tary loss to the employees directly In
volved was at least $7,500,000.
Bcores of millions of dollars would be
required to meet the Indirect cost of
these strikes. In somo cases, as In Win
nipeg, thero has been marked dislocation
of general Industrial life, loss of output
to factories affected by the disputes, loss
PLANNING TO LEASE
Powerful Group Said to Expect
Opportunity in Three or
Bpeoial Correspondence to the Canadian
Section of Tub Sun.
Montreal, Nov, 3. That a strong
financial and railroading group with
headquarters In Toronto Is planning
confidently to lease tho entire system of
Canadian Government' railways, after
three or four years of Government opera
tion and Government paid deficits on the
Grand Trunk and Grand Trunk Pacific,
Is the firm belief of the great majority
of Montreal business men who are oppos
ing the Grand Trunk deal, and has been
virtually admitted by Ministers of tho
The idea is to let the country run tho
roads until the electors are convinced,
first, of the Impossibility of making ends
mvt with the present Inadequate rate
schedules, and, second, of the Ineradi
cable Inefficiency of Government opera
tion. The Hallway Commission, It la
presumed, will find Itself compelled toj
advance rates In order to Bave the Gov-
eminent from overwhelming losses un
less there is a heavy drop In operating
costs. In which caBe the raise may not
be necessary. .
When the roads are leased It would be
on some Bort of agreement guaranteeing
a fixed return on the capital Investment
and a sliding scale of profits for efficient
operation; and the leasing company
would be given tho right to demand an
increase of rates If It could show thnt
operating posts wero too high for a prol.t,
much after the plan now In operation U
connection with the Montreal Tramwas,
The scheme means that the country
will carry the burden through the four
or five worst years, for by the end of
that time it Is confidently expected that
population and trafllo In the territory
covered by the Gv and V, and C. N. n.
will be greatly Increased.
This, more than any real enthusiasm
to general commercial Interests through
cessation of orders and loss to tho com
munity through business stagnation. j
llrfcct on Export Trade.
In addition to these domestic penal
ties there has been serious Interference
with the development of export trade.
In the fiscal year ended March, 1913,
exports of Canadian produce 'totalled
$35C,7E4,C00, while for the fiscal period
1917-18 they had reached a value of no
less than tl.C40.027.788. In other
words tho war time expansion of Cana
dian exports exceeded tho entire value
of Canadian Imports when tho latter
wero at their highest levol, namely, In
the fiscal year 1918, when they totalled
One of the outstanding economic prob
lems of the Dominion Is to maintain the
war volumo of export trade or to do
volop tho domestic market so that sufll
dent business may be secured to sup
port the Industrial activity of tho war
period. Since the cessation of hostilities
thore has been a substantial decline in
export trade. While up to the present
tho demand for foodstuffs has been
maintained Canada .has lost tha muni
tions market, and recent trade reports
show that Canadian exports of chemical
and allied products have dropped al
ready to a mere fraction of the war time
volume and valuo. There has also been
a decline In the exports of Iron and
non-ferrous metals and their products.
It Is apparent that the war volume of
export trade cannot be maintained de
spite tho activities of tha Canadian
Trade Commission and other organlza-.
tlons that have been active in foreign
countries. Tho Canadian Government,
for Instance, has established credits to
tho extent of X156.000.000, Including
$50,000,000 for tho British Government
for Canadian lumber, $25,000,000 with
France, Belgium, Kumanla and Greece,
nnd G,000,00q with Italy. Many
groups of Canadian Industries have or
ganized for export trade, and an agree
ment has been reached botween the
Canadian Manufncturra' Association and
the Federation of British Industries for
the promotion of trade between the
mother country and Canada. Several
hundred Canadian representatives of
branches of English and Scotch firms
hnve formed a Canadian Association of
British Manufacturers with branches at
Toronto and Montreal.
Developing Foreign Markets.
While tho object of this association
Is largely to Increase British Imports
Into Canada It should also be Influen
tial In developing export trade. A great
deal of foreign trade has been received
by tha Canadian Woolen Manufacturers'
Association. The Canadian manufacture
era of women's garments, representing
95 per cent, of the trade, have organized
a "Ladles' Wear Export Association"
nnd have representatives In Europe.
Agricultural Implement manufacturers
have formed their own organization for
foreign trade development. So have
Canadian confectionery, biscuit and
chocolate Industries; Canadian oil and
lumber concerns; Canadian distillers,
packers, manufacturers of paints, hard
ware, stoves, boots and shoes, pulp and
paper, and other commodities. While
these numerous agencies will all be In
fluential In developing foreign markets,
a marked decline In export business Is
Inevitable during the reconstruction
Recognition of this fact has caused a
pronounced revival of tne "Maue-in
Canada" movement a movement that.
despite the friendly business relations
between the United Matea ana canaaa,
must operate against American manu-
facturers to the benefit of Canadian
producers. Of tho total Imports Into
Canada for the twelve months ended
last March, valued at $916,443,432, no
less than $740,937,609, cr 81.5 per cent,
camo from the United States. Even ba
fore the war C5 per cent, or more of
Canadian Imports were from the same
source. The Canadian Trade Commis
sion at Ottawa, the Canadian Recon
struction Association, with offices at
Montreal, Toronto and Winnipeg, nnd
other organizations haveall been urging
purchase of "Made-ln-CanadaV products
to stimulate the domestic market, main
tain Industrial stability and provide em
ployment for war veterans and war
Tho movement has the support of In-
thm Canadian goods a. years contlnu
ous employment can be given
least 1,000 people.
T. Protect Canadian Workmen.
Sir Edmund Walker, president of the
Canadian Bank of Commerce, has
pointed out that "every dollar's worth
we buy abroad means that a dollar's
worth of work has been diverted from
for Government ownership. Is bclloved to
bo tho substantial reason for the placid
ity of Toronto about the Grand Trunk
proposals. No price Is too great It
Toronto la to get the operation and
financing of the vast system of trans
portation which Is gradually being accu
mulated by the Dominion Government.
And this, more even than any horror of
Government ownership, is the reason
why Montreal hates the whole trans
action. C ARTIER BRONZE DELAYED.
L'livutlliiK of Monument In Quebec
, In Postponed.
Further postponement of the unveil
ing of tho Cartler bronze Intended for
tho monument at Quebec has boon nec
essitated by delays In shipping the
bronze from Belgium. It Is now stated
that tho bronze wit bo shipped from
Belgium to Halifax on December 10
next, whence It will be sent by rail to
Quebec. This means that the unveiling
ceremonies at Quebec, which had been
fixed for October last but which were
provented by the Impossibility of ship
ping tho bronze, will take place some
time In January next, the exact date
to be ocloctod by tho Quebec Cartler
Centenary Committee. It Is taken for
granted that the unveiling will take
placo during tho session of the Legis
lature, probably In 'connection with
either the opening or closing of the
This will be tho last of the Cartler
Centenary celebrations, after manv un.
avoidable delays due to the Invasion of
iieigium, where all the bronzo statues
and busts for the three memorials were
cost The original celebrations had been
planned for 19H, the centenary of Car
tlors birth. Tho work was well under
way that year, when the sudden out
break of whr necessitated a postpone
ment, several of the statues belne burled
to avoid tho possibility of their .being
seizea Dy mo uermans and melted for
Owing to this "Act of the King's En
emies," the centenary ceremonies had
to do postponed until peace released
the hurled statues and permitted tho fin.
Ishlng of the bronzo for ythe Quebec
memorial. The ceremonies In Mont
real and at Cartlefs birthplace took
Piaco tins Bummer, but that d anned for
Quebeo suffered further postponement
owing to disturbed post-bellum condi
tions, in Belgium.
a i Canadian workman." The Canadian
Reconstruction Association has tullslzo
posters all over the country urging that
"Canadian money, Canadian mano
"Should stay In Canada for Canadian
It points out that Canadian Imports
In 1918 totalled $906,954,900 and con
tends that "If half this money had been
spent on Canadian products It would
havo given employment to an additional
100,000 workmen, with an increased
nav roll of nearly $100,000,000." It
has made uso of various other mediums
of publicity to emphasize Blmllar argu
ments. Through the agency of manu
facturers, wholesalers nnd retailers It
has some 5,000,000 small colored pic
torial cards in circulation throughout
the country urging development of the
home market. In all this movement
thero Is no necessary antagonism to
the United States, but it Is felt that in
such an economlo emergency ns the'pres
ent Canadian goods of equal quality
should be given tho preference.
Thero Is further a growing feeling
against the export of raw or semi
manufactured materials wnere nnai
processes of manufacture can bo com
pleted in the Dominion. Last year, for
Instance, 1,300,000 cords of pulpwood,
valued at $8,500,000, were exported,
which If manufactured Into paper at
homo would have represented more than
$76,000,000 and provided an additional
$25,000,000 for wages for Canadian
workmen. So with other Canadian In
dustries. Plea (or Fruit tirovrcra.
In a vigorous plea for the develop
ment of the fruit growing Industry In
Canada G. W, Echlln, writing in the
Farmers' Magazine, declares that with
the development of the canning Industry
fruit growers have suddenly become
aware that what was once a hobby Is
now a great national asset of untold
commercial value. He contends that
probably no other agricultural pursuit
Is destined to reach so dignified and
Important a level as that of fruit grow
ing. "It Is a certainty," he says, "that
the farmers of. Ontnrlo are not awake
to one of tho' golden opportunities of
the age when they neglect to plant
new orchards each year or care for
those they already havo. . . . Little
more than one-third of the fruit canned
In tho Dominion Is home gown. . . .
About 50,000 bushels of pears alono will
bo Imported Into Canada from as far
west as the State of Washington this
year, bo that tho orders of tho can
neries can be filled. It would appear
that there Is nothing short of a crim
inal short-sightedness on tho part of
farmers to allow such a etate of af
fairs to exist long. . . .
"Nine times, out of ten when ono
opens a can of strawberry Jam or pre
serves from tho Canadian factory tho
fruit has come from Maryland,- or some
of .the other Southern States. Thou
sands of tons of strawberries are yearly
Imported Into Canada for canning pur
poses, buyers starting early for the
scene of the Southern crops so as to
be on the ground when tho fruit Is at
Its best. Every time tho customer pur
chases a can of this fruit ho pays for
thoso expensive trips of the cannery
buyers as well ns the duty on tho
goods and tho excess price which such
foreign berries naturally bring. As
high as $10 a crate was paid this year
for strawberries Imported."
Thp Situation Sunimnrlird,
Canada last year exported products,
other than those ofllclally classed as
manufactures, to the value of more
than $900,000,000. If the manufactur
ing processes of even one-third of these
had been completed in Canada, employ
ment would haye been given to at least
125,000 more work people, close to $125.
000,000 would have been provided for
additional wages and salaries and the
net value of Canadian products would
have been Increased by approximate
Summarized the economic movement
In Canada has three phases:
1. stimulation of domestic trade.
2. Development of foreign trade.
3. The employment of Canadian mate
rials as far as possible In all stages
of manufacture nnd the completion of
final Industrial processes In the Do
minion. The first two seem vital to the con
tinued prosperity of the Dominion.
Many of the arguments used by tho
supporters of these movements apply
with effect to the United States, but
there Is no comparison In the trade
problems of tho two countries. The
United States hai less need of foreign
markets than any of the other geat
nations. It Is blessed with a home
market that normally absorbs no less
than 90 to 95 per cent, of Its manu
factured products. It cannot be af
fected appreciably by the economlo
movement In Canada.
NOT ALL 'PROFIT'
. FOR TWO CONCERNS
N&tionnl Steol Car and Con
sumers Gas Suffered
Through the' War.
Special Correspondence to the Canadian
Section of THE St'N.
Toronto, Nov. 3. Whllo the cry of
"Profiteer 1 Is heard from so many lips
It may be Interesting to point to the case
of two Canadian companies making
financial statements last week, which
suffered from war conditions. One of
these Is the National Steel Car Company,
Limited, with plant at Hamilton, Ont,
which Is now being reorganized, nnd, If
approved by shareholders, sold to Ameri
can Interests. The purchasers arb Don
ald Symington' of Ilaltlmoro, JUL, and
Robert J. Magor of New York, who was
alroady a director of the old company.
Tho National Car Company did a
large business during the war, but Its
big contract with the French Govern
ment for cars for tho Paris, Lyons and
Mediterranean Hallway brought disaster.
The statement of present conditions
Issued by President Sir John Gibson last
Week Bhows accounts payable $3,487,740 ;
accounts receivable, Jl, 884, bus, or a
nominal deficiency of Jl, 605,184. To set
off against this tho company expects!
final payments of J4B0.000 from the
French Government In connection with ,
contract mentioned, as well as Its 1 Out of town guests at the wedding In
ebtate, plant nnd machinery np-1 eluded Mrs. Pendleton of New York,
praised at 82,600,000, Under tho pro
posed sale the purchasers will form a
now company with 100,000 shares, of
which 19,000 will be given to tho share
holders of the old company, together
with half of the amount received In final
settlement from France.
The Consumers Gas Company of
Toronto, which has a fixed dividend of
10 per cent, has had hard going under
rising prices, of coal and other high war
time costs. Last year lt had an adverse
balance of 8127,000, but as (ho deflcjt
was (278,000 on tha previous year's op
eration Us affairs may be said to be
picking up. Its business Is extending,
and It .Is using oil aa an alternative fuel.
ftOUR NEAREST NEIGHBOR
Canadian Victory Loan
SECURITY The entire wealth of the Dominion of Canada, The present
wealth of Canada is about twenty billions of dollars, while her entire out
standing debt including this issue is a little over two billions, about 10
of her wealth.
YIELD At the present rate of exchange the American subscriber will receive
5 year bonds a return of 6.30
15 year bonds a return of 5.90
MARKETABILITY Absolute at nil times.
TAXATION No Canadian tax of any description to the American owner of
SPECULATIVE POSSIBILITIES Every Canadian Issue of War or
Victory Bend is selling above par or above issuing price.
The Victory 5li iue due 1937 has sold this year at n premium of 7V4
This record is unequalled by any nation in the world.
The Loan closes November 15th, act now and secure best
We will handle a'l subscriptions free of any charge or com
mission. Wire or phone its.
CANADIAN FINANCIAL CORPORATION
Dr. Ifi-nrv M. Ami. F. R. G. S msscd
through New York last week, en route
for tho Mediterranean, seeking rest after
three years of strenuous work In Wash
ington. D. C. Ho registered at the
For thirty years Dr. Ami was a mem
ber of the technical staff of the Geologi
cal Survey of Canada at Ottawa, where
he devoted his energies In tho study of
tho wonderful natural resources of his
native land. His researches lay In prac
tically every Province of tho great
Dominion, from Nova Scotia to British
Columbia. Ha spent eight years Investi
gating coal formation In tho Maritime
Provinces and pointed out the possible
extension of coal areas uway beyond
where they had been delimited. In On-'
tarlo his report (1903) on the resources
of the northern portion of that Province
led him to point out that that great
Huronlan belt of metalliferous deposits
would yield gold, silver, copper. Iron,
and later. Cobalt, Porcupine and
other amazing fields have proved the
correctness of his geological calculations.
His work at the British EmUissy was
directed in scientific channels, coordin
ating and cooperating with members of
scientific bodies in Washington, such as
the United States Geological Survey, Bu
reau of Mines, Geographical Labratory,
Bureau of Standaids, &c. He was in
charge of metals and mlnwnls and at
tended to the application of the achieve
ments of science as applied to Industry
and commerce. .
His last work or contribution to
geography and geology, or tho natural
resources of Canada, Is tho volume re
cently Issued by Staniora tuuuim.-i
London on "Canada and Newfoundland,
being Volume 1. of the series North
America "Compendium of Geography
and Travel, containing more wmi.
1.000 pages of text, with copious Illus
tration. This work is full of meat and
Information on Canada, giving statistics
and figures of a telling nature.
Dr. Am" leaves for Europe to-day.
Later he will return to Washington to
resume his work, after which he counts
on completing his writings on Canada
In connection with the geological Bur-
. n.i,ich Via Is still attached. Dr.
Ami Is a firm believer in Canada and
In Its future, and In the good relations
which exist between the United States
and hla native land. "No forts or guns
along tho International boundary. Peace
for 100 years and over among us.
this. In his estimation and to quote hw
words, Is the greatest pledge, of friend
ship and good will among nations on
the American continent
J H. Fowler of Ottawa Is in New
York for a few days, following a trip
through "New Jersey.
It II. B. Ker. Victoria. B. C, and
II K. Clayton Kennedy. Toronto, were
visitors at tho Canadian Club on
Mr. and Mrs. M. A. Thompson, St
John; N. B., were guests of E. W.
Appleby at the Canadian Club last
1 J. S. Hume, Toronto, was a guest of
C. A. Jardmo at llie tanaumn v-iuu
Ilenry Lewis, Toronto, was a guest of
T. G. Wiley at the Canadian Club last
Capt Theodore" Goodrldge Roberts,
Ottawa, was o guest of Lt Col. O. V.
Brothers at the Canadian Club last
Miss I. M. Irwin, Humllton, Ontario,
was a guest of W. W. Boden-Irwln
at the Canadian Club last Wednesday.
Miss Jesslo Gorden, Ottawa, was a
guest of Henry M. Ami. K. II. O. S.,
at the Canadian Club last Thursday.
Many New Yorkers will read with
Interest the following paragraph from
tho Montreal Star of October 25 : "Only
relatives and Intimate friends wero pres
ent this afternoon at tho wedding of
Mlsa Dorothy Hemsworth Wilks, daugh
ter of Mrs. A. W. Wilks, 853 Oliver ave
nue, Westmount, to Major George W.
Phelan, M. C, In the Church of the Ad
vent, tho Rov. II. M. Little officiating.
The brldo was glvon away by her
brother, Capt. York Wllks. and was at
tended by her sister, Mies Vivian Wllks.
f!nnt. Albert Ross. M. C, wan best man.
Immediately after the ceremony Major
Phelan and his bride left for New lorK
to spend their honeymoon. They will
reside In Brooklyn at 23S Prospect place.
sister of the uriaegroom, ana jiiss nuin
Dean of New York.
Herbert J. J. MoKeon, an Insurance
broker of Montreal, arrived Sunday at
C, S. Sims, vjco-prosldent of the Del
awaro & Hudson Company, of Mont
real, arrived In this city yesterday on
a business trip. Ho Is staying at tho
C. A. Mpefl of Toronto Is expected
at the Blltmore to-day.
M. A. Dawson, of Montreal, Is atari
i - 9
f NEW YORK CANADIAN PERSONALS, j
lng at the Blltmore while on (business
In this city for Tooke Bros., Ltd., man
ufacturers and Importers of men's fur
nishings. Mr. and Mrs. Theodore B. Rorr.oyn of
Montreal have reserved accommodations
at tho Blltmoro for to-morrow. They
expect to return to Montreal next Sat
urday, Mr. Romeyn Is In the marine
department of Irish & Maulson, Insur
Recent arrivals from Toronto who are
staying at tho Hotel Commodore are H.
L. Smith, Hon. Robert Rogers, W. A.
Watte, M. H. East and Thomas Carrol.
Robert Anderson, a wholesale mer
chandise broker of Montreal, arrived
Sunday nt the Hotel Commodore.
Charles Sprelser of Montreal Is stay
ing at. tho Commodore.
Mr. C. M. Mowat, Toronto; Mr. R, W.
King, Toronto; Mr. A. J. Ruks, Pcter
boro, Ont, were guests of Mr. E. P.
Hungerford at the Canadian Club last
Mr. A. F. Christmas, Montreal, was a
guest of Mr. J. D. Chapman at tho Ca
nadian Club last Thursday.
Dr. W. T. M. MacKinnon, Halifax,
N. S., was a guest of Mr. Albert Oliver
nt the Canadian Club last Thursday
Mr. William Clark, Toronto, was a
guest of Mr. James Clarlt at the Canadian
Club last Friday.
Mr. W. D. WoodrufT, St Catherine's,
Ont, was n guest of Mr. C. W. Band at
the Canadian Club last Friday.
Mr. Frank J. Bishop, Brantford. Ont.
and Lleut-Col. H. F. Leonard of Brandt
ford, Ont, wero guests of Mr H. II. Pike
at tho Canadian Club last: Friday.
Mr. John N. Gordon. Stratford, Ont,
was a guest of Mr. Lloyd Roberts at the
Canadian Club last Saturday.
Mr. Goo. Wettlaufer, Kitchener, Ont,
was a guest of Mr. Lloyd Roberta at the
Canadian Club last Saturay.
F. W. Maxwell of Montreal was among
recent Canadian arrivals at the Hotel
N. E. Hlbbard of Montreal and Arthur
Johnson of Toronto were among recent
arrivals at the Hotel Manhattan.
William M. McEnsland. a clothing
manufacturer of Toronto, arrived at the
H. R. Hale of Montreal is expected to
day at the Manhattan. Mr. Halo is n
member of Halo Bros., manufacturers'
agents and importers of electrical spe
cialties and novelties.
Among those who have made reserva
tions for to-day at the Manhattan are
Mr. nnd Mrs. I. V. Calder of Toronto.
Mr. and Mrs. William R. Eckln of
Montreal are expected In New York this
week and will stay at the Hotel Man
hattan. Mr. Eckln Is president and man
aging director of McLean-Kennedy,
Ltd., steamship brokers and agents.
J. G. McLaren of Vancouver has re
served accommodations at the Manhat
tan for to-morrow.
Lieut. Robert Rice and Mr. Howard
6mlth, both of Montreal, were guests fo
Lieut Gltz Rice at the Canadian Club
Sunday, November 2.
Col. Noel Marshall, Mr, A. Gillies and
Mr N. U. '.Clemes of Toronto ; Mr. Thos.
Hurling, Mr; Victor E. Slltchcll and Mr.
R, E Cox of Montreal ; Mr John Bain
of Ottawa, and Mr; K. K. Donnelly of
Winnipeg were among those registered
at the Canadian Club last week.
J. K. Douglas, president of the Auto
mcbllc Club of Cannda, and Goorge W.
McNamee, secretary of the samo or
ganization, were In this city last week
for a few days.
A, C. Batton, manager of the British
and Colonial .Press, Toronto, was a guest
at the Hotel McAIpln last week.
MACLEAN VETERANS ORGANIZE.
Association Una Representatives
The Maclean Veterans' Association
has Just been organized In Boston with
the following officers for 1919-20:
Chief Col. Sir Fltiro;
or D, Maelean,
of Clan Maclean.
Ttart. K. C. a.. Chief
Patrons Lord Ueaverbrook, nx:Mlnla
ter Brltlih' norernmont; Oen. Hugh II.
McLean. K. C, M. P.j Col. Walter Scntt.
vast prealdont Orfler of Bcotllih Ciana;
U. W. Beattv, niq , K. C. pre nldent
Canadian Pacific Hallway, Andrew Adla.
Eiq.. praaldant Unltad Btatta Won ltd
Company; Br. A. W. Thornton, dean
dantal (acuity WcClIll University; Lieut. -Col.
Angus Maclean, American Expedi
tionary Force; Kraaman I. Davlion, ISsq.,
resident Canadian Club, Boaton; W. T.
wart, Esq., manager Frank Munsay
publications; tha lion. Jamea M. Curler,
x-Mayor et Bostoa; -Valor-den. Blr Sam
your best customer
Goodwill built on service is
one of the best assets ."I
business can possess. Amer
ican exporters to Canada can
safeguard their Canadian
business by protecting their
Canadian customers against
fluctuations in exchange.
The officers of the New York
Agency of the Union Bank of
Canada will be pleased to
Booklet "Protecting Your
Canadian Customer" on Re
quest. Union Bank of Canada
New York Agency, 49 Wall Street
W. J. Dwon, F. L. ApPIeby,W.M.Forret
A Trip To"
will have nil the charm of a
pleasant visit, if you stop at
In the heart of the shopping district.
Close to all the theatres. A pleas
ant place to bring your wife and
family and meet friends. A splendid
yet economical place to dine
Tea dances every Wedretdsy snd Saturday.
Supper dances c cry nlht.
SpecW dinner week nlsht In Tabard Room
31.50. Sundays In main Dluing Itoom
Il'ne. lore or phone for lestnalions.
OEO. II. O'NEIL,
I.. K. MI'I.DOON V O OAUDY
Rt$idml Manager. An t, Manaatr.
For information of any" "J
kind concerning Canada
1463 Broadway New York
Telifa'tie Bryant 8962
Imperial Oil Ltd.
of Canada "
Write for circular 5-4
HuKhes. cx-Mlnliter of Mllltla.
f.nL of Canada. Mrs. (U. A.)
la. and.. Df
) Nan 'Mac-
pherson Smith, paat preldent I. O. D. K.
Chieftain Llaut.-Col. 1'. A. Outhr.
Vlcc-Chleftaln Major II. Mclean. ,
Blstrlct Vlca-OhUftalnt Maritime VroT
Incss and Newfoundland, Major O. BUS
urt llUer; Quebec, .Major D. Allan LuMrlf;
Ontario, W. A. McLean, Manitoba, Sas
katchewan, Alberta, British Columbia arid
Yukon, Major C. o. ubrIo; Busies.
Uouzlaa Woodworth; I.ynn, Urono liaok
with; Now Bedford, Ilobert Lord; Ithoja
Island and Cunnuctlcut, Stewart , Mt
n.tnnl.l! Mew Ilamnahlre and Vermont.
John I. Mclrfod; Maine, Col. V. II. Park- .
hurst; Massachusetts, Cnpt K. A Kturda; j
.New lorK ana ow jrrn'y. oraciifc
Donuls McAdlo; balance United States,
('apt P P. Oouenrp.th Ilri bh Isles uitd
I'o.if tflons. Major Hector Maclean. Junior
t. J. Urnest Kerr, rr
etary Miss EralynV p.
Treasurer rtotert Barl May, Usq.!
Chaplain Opt. W. g. Oodfrsy,
Additional nstcutives John U. Murtro,
Esq.. Corporal J. P. Allen, Serfeaat X.
I lcQ"an. JlJ