The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

(if the resources of the Province were I properly developed and husbanded direct i,taxation would be unnecessary. Pre, lmier Whitney, however. again charged jMr. Harcourt with dvliberatply misrep- jrosenting. Mr. Harcourt proceeded with ibis remarks. jThe Taxes on Corporations. Mr. Harcourt rogreiied Hm! rev-ml luhilations over "new Oni.ario': limit-low fesnurcea" had not been customary to Conservatives. That mm the tone to strike to sell a, throe-and-a-haJ-f bond at par. The Government had been unfor- tunate and unhappy in their legislative career. They had opposed the appoint- ment; of a road commissioner. of a drain- age referee, and the salary of the Clerk of Forestry. They had' objected to a normal school at London. and now want- ed a, dozen l they had opposed the moneys given to the WoUern Dairv School. They would find themselves on}; of ofthe if they did not follow the Lib. and policy in its entirety. "I like the door to slam. I like earn- estness. I like italics." remarked the speaker in selecting a passage from a Lindsay speech by the Premier. in which he found a promise to wipe out the corporation taxes. Premier Whitney charged Mr. Har- court with deliberately withholding an important portion of his remarks. Mr. Harcourt then read to the effect that Quotations from Mail and Empire rem: ports of other speeches of the Premier, delivered in 1902 were read by Mr. Harm court in support of his contention. The journals of the Home showed also that} the Premier had moved the Gx months' hoist of the measure. and if there was? an axiom in regard to any Parliament! in the world it was that the moving of, the six months' hoist meant, in tho mind of the man who moved it. antagonism to the bill to which it referred. ' In a criticism of the changed alliturh of the Government from that when in Opposition in respect to revenue meas- ures. hr quoted Lord Salisbury to tho effoct that a junt Nemesis had (hr-row] that partisans would be foroml In do in offtee precisely that whioh they most roundly denounced out of omee. On resuming at the mening session Mr. Harcourt continued his review of the fittaneinl administration of the late Government. The whole story was one refleeiimr, credit on that Adminic- tration. His beat wish for the pres- ent Government was that they might be able to present so excellent a re- cord. He read from Hon. Mr. Mathcu son's last budget speech. which he re- ferred to as "a little hook of fiction." to show that the Treasurer was a poor hand at estimating the revenue. tir- stancing the fact that the receipts from succession duties alone were $250.000 more than the estimates: It was little credit to the Provincial Theasurer to have a, surplus of $100,000. when he had roerived from succession duties in oneeheek $150.000. Had he not. got this there would have been a. deficit. Premier Whitatey---But he did get, it. Mr. Hareourt--Yes. he got it. but in spite of his own objections. Ho had also got, proceeded tho speaker. $400,000 corporation taxes. without which he would have reached a lower deep than the that; deep. which, in the gloom and despair that overwhelmed Milton's char- acter still threatening to devour him. opened wide. A Splendid Record. Mr. Harcourt confuted the assertion of The Mail and Empire that the Liberal Government had constituted an em of Iefieits. and on Premier Whitney refer- ring to 1894-5-6, for which Premier Hardy had admitted continuous dotieits. pointed out that in those years bonus money, money for college building and other sums charged to capital account should properly be excluded from these deficits. At the same time both Pre. miers Hardy and Ross had sounded a word of caution. but they were, reventte-produeitig, and '1 produced much greater profit than could i be got from choice investments. He defended the support given to the "Soo" I industries. 'No one dare say there was 1 any danger of losing a fraction of a . cent on the Clorgue guarantee. I i Mr. McGarry's Address. I Some. enterprising e'itizens, of Strat- ford have organized the "Stratford lin- provement Co.. Limited," and an agree- ment was made between them and the city fixing the assessment for a tract of 200 acres, which is to be brought into >theeity. at $9,500. for twelve years. The company undertakes to spend $100,- 000 in three years or forfeit the bonus, and also $1,000 on sewers every year for twelve years. Strong objection was taken by Mr. E. Sydney Smith, repre- senting other citizens, 250 of whom pr titioned against the bill presented to eonfirm the by-law respecting the agree- ment. Chairman Carscallen considered it a very extensive bonusing proposi. tion. and consideration of the bill was laid over. which it was built. No proper estimates were made. and no surveys, while a nontracl was recklessly given for H3 miles. The Poet had been estimated " t30.000 a, mile. and amounted to $45..000 He thought the floating of the loan in London waa a good policy. as tho Eng- lish monoy was of great, value to Ott- tario, and investors would be interestod in the Province and he led fo further investment. He moved the adjournment of the debate at 0.50. The Home thou adjourned. Mr. Lucas' bill respecting telephone companies operating in Ontario provides for the control of rates. and is intoterlod to procure an expression of opinion on this question. Mr. McGtm-y was greeted with loud Government applause. He tendered the (hearty thanks of a young member to Mr. Harcourt for stopping short of a four houttcr' speech by five minutes. With regard to Mr. Httreourt's charge that the Government had adopted the spoils system he defied the Opposition to point, out in any of their speeches. in tWenty- five years where they had expressed a desire that, the spoils system should not he in vogue. Not, only had they said that. omeiah must he partisan. but even that, they must do what was ad, erse lo the other side. and inmt,anoed several eased in his experience. The Conserva- tire party had not opposed the Tomis-r knming Railway. but the manner in Brockville also niiir. to make do. posits on the town sinking funds in 188.3. 1880 and 1892, and this detieieney of $4,097, with " further.ioss in the re. duction of interest rates from 4 1-2 to 3 1-2, renders it necessary to borrow 810.000 to pay into the fund. In or- der tomrovide accommodation for the fire department $7.000 is required. A bill enabling tho town to raise these sums by debentures and loan was ro- ported. Part of the plan is to con- struef a theatre and public hall,' - I Chairman Uarseallen, in the Private tBills Committee, found it necessary yes- i,terday to issue a general warming to municipalities which are not careful about their sinking funds. Oitheersand Aldermen may find themselves in an un pleasant position. he declared, when these funds are trified with. The t.owr of Trenton, in which connection the question was raised, was told that no further debt must be contracted except for current expenses, but the advice was not confined to Trenton. Mr. Carr lcallen believed the money in the present instance had been honestly expended, but the committee must set their faces against the subversion of sinking funds. The Trenton bill provided for the con- solidation of 'a debt of $53,267 by the is- sue of "water power debentures," the sinking- fund having been used for main- taining Water power for industrial pur- poses, and the returns not having equal- led expectations. With" a _ stringent proviso 'against a recurrence of the 111- cident the bill was reported. I PRIVATE BILLS C o M M I T T E E SOUNDS NOTE 0F WARNING Trenton and Brockville Are Offenders--. Money Spent on Water Power by Trenton-Brockville Will Rave a Theatre-Stratford', Bill. en, in the Private nd it necessary yer geneml warning to are not careful