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Oshawa Daily Times, 13 Sep 1929, p. 20

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7 i -- a i ht THE OSHAWA DAILY TIMES, FRIDAY, SEPTEMBER 13, 1929 | INES NOT PLANNED TO FORT CHURCHILL Question Not Discussed De- clares C.P.R. President, " E. W. Beatty Regina, Sept. 13.--In an inwir~ view here recently, E. W. Beatty, 'K.C., president of the Canadian Pa- cific Railway, stated that the com- pany was entertaining no plans for the construction of any lines to Fort Churchill. The question had not been discussed by the manage- ment, he said. "But you cannot look very far ahead in this country," he added. Speaking of the uncertainty of making statements touching upon the future. "We must be ready for anything. Our northern feed- er lines were not foreseen a num- ber of years ago." .Mr. Beatty is making a tour of the system in company with sev- eral directors of the company. That the Lanigan line now under construction and expected to he finished next year, will be a valu- able fedder to Regina territory, was Mr. Beatty's belief. "It will open up territory in the porth and put it, in touch with Regina," he said. Arrangements with the Canadian National for running rights into Prince Albert had been tentative- ly arranged, he stated. The mining claims in the Rotten- stone area had not lived up to ex- pectations, said Mr. Beatty, and the Consolidated Smelters had dropped their present claims, but were still working in the district in prospect that there was something more in the field. "Ag yet mo substantial mineral development hag been discovered," Mr. Beatty declared, adding that "the claims first worked had been spotty and thin. © Modern business speed and Te quirements have been the primary cause of the recent coast-to-coast reduction of time by 10 hours, Mr. Beatty said. "The demand for in- creased speed, which means a sav- ing of time, is growing and our railway to meet it had to bring about such reductions." "A reduction. in the running time of the Trans-Canada Limited is quite likely by May," added the president. Lure of North Ottawa, Sept. 13.--The lure of the north is strong in the hearts of Canadians. Anyone doubting this should see the correspondence pouring in on the Department of Railways and Canals, asking to pe allowed to go to Churchill. The flood of requests started when a news item announced that it might be possible trains would be running into that port by the end of the month. Everyone seems to be wanting to go north. The requests come from Boarde of Trade wishing to send parties up there, from Legis- latures wanting representativey un theg round, big commercial inter- ests desiring to be early on the scene, and the great mass of indi- viduals who want to grow up with the port. It is rather embarruss- Ing to the Department because at present the only buildings at Chur- chill are those to house men en- gaged on the dredging and the rail- way construction. The only food supplies there are those belonging to the government. Hon. C. A. Dunning, Minister of Railways, announced yesterday that his department was preparing a statement which will be publish- ed soon, explaining the whole sit- uation there. During the summer the construction gangs have con- tinually been called upon to feed adventurous people who made their way by air and otherwise to Chur- chill without making any provision as to what they should eat after they got there. - The Manitoba Government will have the job of supervising the building of the town. The Fed- eral Department is only concerned with the railway and the port im- provements. It looks as if Cnar- chill would be a mecca for tourists from the start, and the first call will be for a hotel. DENY TRANSFERS OF EATON STOCK Recent Rumors Are Abso- lutely Refuted by R. Y. Eaton Toronto, Sept. 13.--Brief, flat and categorical denial is given by the T. Baton company to a report which achieved recent publica- tion in The Financial Times of Montreal, hinting at an important change in the stock-ownership of the company On September 6 the Financial Times, in the course of an article on the Eaton company, said: "Dif- ferences of opinion in regard to policy have been mentioned as a possible reason for a large block of the stock of the company pass- ing into the hands of investment banking interests which have been prominent in merger and other big financial operations in recent years." The following statement was issued last night by R. Y. Eaton, president of the T. Eaton com- pany: "In regard to the article in the Financial Times of Montreal, issue of Sept. 6, the last return made to the Ontario government, stat- ing among other things the list of shareholders of the T. Eaton com- pany and their holdings, showed that of the 10,000 shares of the T. Eaton company, 9,889 belonged to the estate of the late Sir John Eaton, "It can be stated emphatically that the ownership of the shares has not changed since the time this return was made. "Since all of the five executors of the estate are also directors of the company, this disposes of the statement that a large block of stock of the company has passed into other hands, "Ag to the transfer or sale of any stock of the company, or the issue of any new stock, this has been neither discussed nor consid- ered by any of the company's direc- tors, nor by anyone connected with the company. " "As regards the rumor about an outstanding Canadian business man becoming closely associated with the management of the com- pany, this is ' entirely without foundation, and has not been dis- cussed nor even considered by any of the company's directors nor by anyone connected with the com- pany." The five executors of the estate are: R. Y. Eaton, president of the dent; Harry McGee, vice-president; J. J. Vaughan, secretary-treasurer, and C. N. Mills, director, SPECULATION 70 ELECTION DATE Opinions Differ Within the Ranks of Conservative Party Toronto, Sept. 13.--Either Oct. 30 or Nov. 4--these are the pros- pective dates for the expected pro- vincial election which now are being mentioned by high authori- ties in the Conservative party. Reports current yesterday that the date of the polling would pe Oct, 31 were declared inaccurate by officials consulted at the par- liament buildings, These men, fam- liar with the elections act, point- ed out that under that statute polling must take place on the "eleventh day after the day of nomination", With some amuse- ment, they directed attention to the calendar where it was seen at once that if the polling was on Oct. 31, nominations perforce would occur on Oct. 20. And Oct. 20 is a Sunday, Officials of the party state that the election might be held on Oct. 30 which would place the nomina- tions on Saturday, Oct. 19. They recall that in the 1926 election the official nomination day was a Sat- urday. Others who do not believe that the government will go to the people quite as early, pick Monday, Nov. 4, with official nominations on Oct. 24. CONVENTION SOUTH VICTORIA Hon. William Finlayson Says Ferguson Will Have New Program Lindsay, Sept. 12.--"When this election is announced, Mr, Fergu- son is going to lay before you a program that will improve hydro legislation until we can give the man on the farm the same con- veniences that his city cousin en- joys." This pre-election promise = was made by Hon. William Finlayson, minister of lands and forests, in addressing the South Victoria Con- servative convention held here to- day. The announcement followed a discussion by the minister of the premier's own predictions of rural hydro extension and reductions in rates. By a narrow margin in a poll of 227 votes the convention chose Wellesley W, Staples of Lindsay as their candidate to oppose F. G. Sandy, Progressive member for the riding in the provincial election. Expectations of a keen contest for nomination between Mr. Staples and Dr George W. Hall of Little Britain had brought the local Conservatives out in force, but the sharp division of the convention did not interfere with its har- mony. Before the vote was taken Thomas Stinson, federal member for Haliburton and Victoria, took § , In School . . . Parker Pressureless Touch H0, NR \ Does Everything but Your Thinking « « « and Clears the Track for That company; Lady Eaton, vice-presi-|the precaution of pledging the it ti imity by paying his congratula- good deal at home, to a big pub- lic school. He had been strictly enjoined to write home regularly and tell them' all about himself and his new life. At the end of a week his first!tion: wrote, a tie, Dr, Hall clinched unan- ons to Mr, Staples. From a school "There are 370 boys here," he "I wish there were 369." re---- A boy was sent by his loving |letter arrived. 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