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The following bills were read a third time t---To amend the high schools act, to confirm by-law No. 519 of Oxford, to amend the public schools act, to amend the loan corporations act, to amend the QOntario game protection act, reSpecting {the City of Windsor, respecting the {Hamilton Radial Railway. A number of private bills were also advanced a. L1ar3J),zti',z,.lf'.lt1,l1shrl',o' guarantee was I Against the motion-Messrs. Barber, Bowman, Brown, Burt, Caldwell, Cans eron (Huron), Carscallen (Lennox), Caracallen (Hamilton), Currie, Davis, Dickenson, Downey, Dryden, Eilber, Evanturel, Fay, Gamey, Gibson, Graham, Gross, Guibord, Hanna, Harcourt, Hen- drie, Hislop, Holmes. Hoyle, James, Lackner, Little (Norfolk), Lee, MacKay, Matheson, Morrison, Munro, Murphy, Pettypiece, Powell, Preston (Brant), Reaume, Richardson. Rickard, Ross, Rus. sell, Smith (Sault Ste. Marie), Smyth, Stock, Btratton, Taylor, Thompson, Whitney, Willoughby-M. Politically the division was yea " Conservatives. Nay 18 Conservatives and 34 Liberals. The division was as follows v-rn favor of the motion-Mess. Barr, Beatty (Leeds), Carnegie, Clark (Bruce), Craw- ford, Dutt', Kidd, Little (Addington), Lucas, Mahafry, Nesbitt, Preston (Our- ham), P.vne,'Reid---14. . The meaning of Dr. Nesbitt's sugges- tion was that no record would be kept of the vote. But this did not suit the House, and there were loud cries of "Call in the members!" "Question!" Mr. Whitney-Now we will see the patriotism of hon. gentlemen opposite. The Division. Dr. Nesbitt then rose, and said that, though he was in favor of the motion, he was willing to have it declared lost on division. Dr. Nesbitt explained that the reason why he had not opposed the bill in its n'arious stages was that in consequence -of the statement of Mr. McKee he did not think the House would ever pa'ss the bill, and when he found it was going through he had no information to make lout a case. There were again loud cries of "queen. tion," and great commotion was ob- served among the Conservatives. Dr. Fillottghby, the Whip, went over and had a whispered conversation with Mr. Whitney. The Speaker said he presumed that, the House was unanimous in allowing a motion of which there was no notice. Moreover, no private member could bring up again a bill that was disposed of, and yet that privilege was asked for out- siders. Mr. Graham-Surely you cannot find refuge in the plea thy', .- m Tbitt' not present at any of the stages. It was the duty of the hon. gentleman to be in the House. or get some one to be there for him at all the stages. The hon. gentleman promised the House and the' School Board of Sturgeon Falls when he presented the petition that he would be heard from later. If anybody is to blame it is not the House, but that gen- tleman himself. (Hear, hear, and loud cries of "question.") Mr. Graham agreed with Mr. Whitney that they should vote on the motion without regard to the merits of the bill. Ho pointed out that all Dr. Nesbitt had to do, if he had not the desired in- formation, was to ask the House to let it stand. tion of strain if the peopriruti Pro- vince were placed in the position where they could prefer no requeat'to the Leg- islature. Their solicitor, Mr. McKee, bud told him that the Attorney-General had said that the. Legislature would never pass such a bill, and that there. fore it would not be necessary to fight the bill. Hon. Mr. Gibson declared emphatically that that statement; was entirqu wrong. Dr. Nesbitt interrupted to say that he was unable to be present, and had asked Mr. Crawford to ask that it stand. He asked Mr. Crawford if that were not the case. Mr. Crawford, after some hesitation, said t--"I was unfortunately absent at the moment." (Laughter and "hear, hear.") Nesbitt to Blame. The Government stipulated that not only should these ereditors' claims be provided for, but that the reorganized company, which for convenience he call- ed the new oompany, should have at least 81,000.000 of cash working capital over and above all materials and sup' plied on hand to insure tho successful operation of the works, and to provide against this amount being ertero.1ushtrd upon by any unforeseen or unnrdirided & Co. took proceedings to realizle on their mortgage securities: Tho liabili- ties of the institution consisted of the Speyer mortgage, $3,600.00". and tlaints of secured and unsecured creditors amounting to $2.39!).708. Ot' (those, creditors' claims 8.5Wi.283.b'y, was secured by the pledge of collaterals in the form of first mortgage bonds of the Michigan" Lake Superior Power Company and oer-q tain materials and supplies of the eon»; panies of much greater value than the; amount of these claims. The value of: this collateral was not taken into 'uri count, in estimating tho value of thei materials and supplies of the compan-l ies on hand, and all these creditors had; agreed to extend the time for payment) of their claims for a period of three} years. being one year beyond the matur-i ity of the loan to be guaranteed by the Government. or to accept 'payment out of the proceeds of the. materials andl supplies held by them as those mater- ials and supplies were sold or used. The amount of these claims should, therefore be deducted from the total nil the creditors cla,ims leaving the amount) the ereditors' claims. secured and'un-F assured. to be provided for, $1,804.425.35. Lake Superior Company and advance iii the money required. The romnt was a receiver had boon appointed and Spoym' & Co. took proceedings to realize on TiiEiiii or a". - 'i"?"", '2 _.""'.')');!;))!.!,!!!,!,!;!),),';", Ald to Moon! W" . (f'5')ir"i'ir'tt ' The Premier moved the ieiii.iariiiiitt: . . Win" " to the Ab, mg of his billr TK, . ted gem; Central BEING), Ind. '"fmef', industries at Sault Ste. My?'. In doing he took occasion to explain the Gov- BO , l and undertook to ernmenta propoe 2, . . show that as a busmess .underta1cutg and as a matter of public policy it should commend itself to the Henge and to the Province at large. In View of the iniormation,regarding the matter, which, in response to orders .of the House, had been brought down m a pub- lished return of 144 pages and an ac- companying financial statement of the Consolidated Lake Superior Co. and Its subsidiary companies, the Premier said he would not trout of the details of the scheme. They were face to face with a crisis in one of the larpiest indus. tries that-had ever been established by one institution in Canada. Twenty- eight millions of capital had been in- vested in them. The first of those in- dustries lo be. established was the pulp industry'. Then was projr-cted the Al- goma Central Railway in order that pulpwood might be brought, to the pulp mills. The lumber and veneer mills wcre established, and then followed the power development at Sault Ste. Marie and the power development on the Am. erican side. the sulphite pulp mill, the Tagona Light & Water plant, supplying light and water to the town: the Al- gonia ('ommcrcial Co.. with its Your-or mills. sawmills, real cstato and gold an" nickcl mines: tho Manitoulin ck North Show Railway. the International Tram sit Co., the strcct car service of Sault, Ste. Marie and the ferry service between the American and the Canadian Son. tho Helen iron mine. the works of the Al- goma Steel Company. consisting of the Bessemer steel works. the blooming and rail mill, charcoal blast furnace. coke blast furnace, charcoal retort and by- product. and othcr kindred works m connection with tho stccl plant. upon which lattcr plant there had already been cxpcndcd over tire million dollars. That was a brief summary of the ticid covered by the industries. The Debts of the Company. ft would appval'. the Premier said, that those industries worn in a very sol. vent condition until fitraueial depression overtook the stock market, in the Unit- od States a ycar ago. Back of them WPre some of the wvalthiest men in the l'nitcd Statcs. but as a. reault of the de, pression they wcrc unable to meet tho, calls upon them hy the 1'ovsolidated unprdvided It would be well to consider, the Pre. mier stated. bow the Province was in. terested. In the first place, if the in-, dustries were revived upon a strong finaneial looting it would encourage the investment of American capital for the development of Ontario resources. It had, moreover, been the policy of the Legislature to aid railway development. he pointed out the advantage to the shipping and transportation interests the Algoma Central connecting the soo, with the main line of the ORR. would' be. At present the tioo was cut " from _ railway transportation to the westri through Canadian channels. unless by: proceeding tirst eastward to Sudbnry? and then westward along the main line? of the C.P.R. It would also open up a. valuable tract of country and aid Ina-i terially in the development of the min-', eral and timber resources. In that "my; it would contribute very largely to the; wealth of the country. I Hmiewing the. whole field, the Premier said the railway had a strong claim for continued support to put it in a position to serve the subsidiary industries. As subsidiary to the railway the steel plant was the. most important of all. It had cost about $5,000.000, and he had been told $100,000 would put it in a position to recommence the manufacture of steel rails. The steel rail plant had shown it- self efficient in the production of a large quantity of steel rails. Importance of a Steel Rail Plant. 'tlr'1lriiriiit, or 'expenseeji; that {mimount qttutiird should be increased by the sum it $100,000, making the total amount to be immediately provided by the parties interested in the reorganization $8,- 504,425.35. The Interests of the Province. The question that concerned the Gov- ernment and the House was whether it would be in the public interest that the Government should assist the company by going to its relief by guaranteeing a loan to the. extent of tp"2,000,000, or suffer the railway to remain incomplete and those industries to collapse. That amount of money eouhl. not be secured in the American market by the parties interested now or at any time since the company got into diftieuities. The construction of the Algoma Cenirai & Hudson Bay Railway, a railway great- ly in the interests of Ontario. had been stopped by these finaneial ditficulties. m advance to a suitable company, a com- petent and capable company. of a, con siderable amount of money for the es- tablishment. of a steel plant. q ' Canadian railways noir. demanded anc- hundred thousand tons of steel rails every year, and the projected railways would require during the next three or four years from tive to seven hundred thousand. tons "tf the same material There seemed to be no possibility of fail- ure. Ontario did not supply all the ore required for steel rails. They got part of their supplies from the same source as the AtGburg-Cart1tgie system, the Mesaba steel range in Minnesota. l Must Use Ontario Ores. But they proposed putting,r into the bill at another stage a proviso to this effect. thabit it should be found that Bessemer, org .of a suitable quality is tp. by had Appla use. Yi.