Daily British Whig (1850), 1 Nov 1921, p. 3

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TUESDAY, NOV. 1, 1927, "FLU" Prevention The "FLU" weather is here, and the one real, reliable pre- 'paration to combat the "Flu" is DR. HICKEY'S MIXTURE Antiseptic and healing for Coughs and Colds. 25 cents 'L. T. BEST Prescription Druggist. Phone B® - - Open Sundays | We are showing a splendid assortment of ENGLISH STERLING PHOTO FRAMES in all sizes, from min- iature to full size por- trait These are very beau- tifully made and very reasonably priced Diamonds Watches Rings. SMITH BROS. Jewelers . Limited Established 1540. Registered Opticians 8506 Kirg Street uncommon words--maybe, but very common causes of HEADACHE We have glasses that remove these causes and give IMMEDIATE RELIEF Before consulting the physi- clan, before using medicines and drugs, come and see us. If your headache is caused by eye strain we cure it THROUGH PROPER GLASSES Keeley Jr., M.0.D.0. Optometrist and Optician, 226 Princess Street, 8 doors above the Opera House Dr. Nash's DENTAL PARLORS: | | 183 PRINCESS STREET | | KINGSTON, ONTARIO | tion, Latest Treatment of Pyorrhea, X-Ray work. Si WA ATKINS EET IN TTI VON: Y § T Hack SAw You will find these three features in our fine stock of tools, We are proud of our stock and will be pleased to show it to you. Such makes as STANLEY TOOLS ~ ATKINS SAWS we BLACK DIAMOND CHISELS are thé very finest We suggést these handy tools-- 134-1b. Claw Steel Hammer 5-8-inch Black Diamond Chisel 22-inch Panel Saw . Splendid for Home Use | McKelvey & Birch, Limi Phone237 - -.- - - - Kingston BEDS AND SPRINGS ° MATTRESSES AND PILLOWS nj | We st :--Painless Extrac- | 4 We specialize on Pajules | Mistakes Manipulation for Value. [taking a. long Mr. Crerar unfortunately is mis-| chance won; | taken, grievously mistaken, as thou-| ment; | sands of shareholders of that same |struggling plauts into a A large stock of Beds, Springs, Mattresses and Pillows al- ways on hand. A test of our Ostermoor Mattress and Banner Spring will 'convince you of their comfort and durability. Brass, Wood, Iron and Steel Beds--a well-selected stock to choose from, and Springs to fit all sizes of beds. FURNITURE, CARPETS, CURTAINS, LINOLEUMS, PIANOS and PHONOGRAPHS. | T.F. Harrison Co., Limited Phone 9 THE THE CHARGES OF CRERAR| Strike at the Financial! Found-| ation of All Organized | Industry. nto Financial Post. » attack of Mr. Crarar on four individual industries linking them up| as combines which under the protec- | tion had made immense issues of] watered stock and millions of dol- | lars of profits through this or| through excessive prices--that 'the | consumer was forced to pay, came! as rather a surprise to those who so| Tor far found little in the Agrarian lead- | er's principles with which to dis-| agree. The few figures he gives may be allowed to pass without the! minor corrections they suggest; it is| | with his interpretations and his con- | {clusions rather that sharp issue] {must be taken. For these indicate | | either a serious lack of appreciation | jof the conditions that must under-| {lle investment in new enterprises in| | this, as in other countries, or a ten-| | dency to deny to investors a fair re- | [turn for the risk they tale in new| developments that falls little short! of the former Lenine-Trotsky atti- | tude towards capital that they ap- parently have been forced of late to! | eschew. { His attitude perhaps may best be illustrated in his reference to Ames, | Holden, McCready. Here two manu- facturing concerns were brought to- gether, "with a combined capital of | $3,500,000, for which they received $3,500,000 in bonds and preferred | | stock, and an additional $3,500,000 {in common stock. This latter Mr. | | Crerar designates as "water," signi- | | tying that there were no real assets! | to cover this; that it was a "bonus" | or "gift" in addition to an allow- {ance of 100 per cent. in bonds and | | preferred stock. He goes on to state {that this common stock that was] | worthless sold in 1913 at about $14 | | a share, while in 1920 {it sold _ at {$137.50 a share, eight years after | the merger was formed. "Would | that stock have got that value if the | company did not enjoy a tariff as| {high as 37 1-2 per cent? Who fur-| | nished the millions of dollars that | | went into that common stock? It] jas the common people 'of Canada, | |and the rich people who bought | shares from the Atlantic to the Pac- | ific." | L rr nite {common stock know full well, {mentions a "'value" of $137.50 tort | the stock. It had no such value. | © Had Mr. Crerar made a fair in- { quiry into the real facts he would | | have learned that that fancy figure | "of $137.50 was the product of an ad-| year. ! mitted manipulation, and that gen- secured to purchase two years' re- | uine offers of sale at that figure nev-| quirements of raw cotton at the low (er found a purchaser. Indeed the | manipulation of this stock to such a figure. may turn out to have been one of the causes of the failure of a stock brokerage firm, whose affairs are now before the courts, . What is the selling price of that | stock today? Around $14 a share, just where it was in 1913, eight years ago. Thus those "millions of dollars' of profit on "watered stock' furnished by the "common people of | Canada," must fade away from the | YEAST BEST WHEN TAKEN WITH IRON 'If Weak, Thin or Run- | down Try This Treat- ment in Tabet Form -- Watch the Quick Re- sults. Everyone has heard of the apparent wonders performed by yeast in re- storing thin, sickly, and run-down people to health. And now it is found that even more surprising re- sults are brought when yeast is taken with iron, the great blood-builder. People who for years were weak, pale, anaemic, and all run-down are regaining their strength and health almost as if by magic through this re- markably effective combination of tonics. And the best of it is that you can take it in pleasant tablet form--np need to eat yeast cakes, which are so disagreeable to many. The preparation im which these two great health builders have been combined is known as Ironized Yeast. This contains highly concentrated brewer's yeast, which is far more ef- fective than ordinary baker's yeast because it is richer in vitamines. Vita- mines, as we all know, is the myster- ious element which Science has found to be so absolutely essential to health. Due to modern methods of food pre- paration vitamines are lacking in most of our commonest foods----and that is why so many of us become | sickly and run-down. If you are suffering from loss of strength, if you frequently become exhausted, if your food Las no taste for. you, or if you are irritable, thin, pale, nervous, or generally run-down, then try this remarkable new tonic. Ironized Yeast will in most cases bring a decided improvement within three days. It-will usually clear up sallow or muddy complexions within ten days, From everywhere come en- thusiastic reports of what It is doing for people. It is packed in patented Sani-tape packages and will keep indefinitely. Its cost is no more per dose than ccmmon yeast. Each package con- tains 10 days' treatment and costs only $1.00--or just 10c. a day. Spe- cial di ions for children in each package. Made by the Ironized Yeast Company, Atlanta, Ga. . RONIZED VE . TABLETS Highly Concentrated Vitamine Tonic | which today is selling He industry employing 6,000 hands, and J wistful gaze of those shareholders. Even $14 a share could hardly stand | were the holders of 35,000 shares] minded all at once to offer them for | sale, and realize even the small| DAILY BRITISH WHIG. tr Wednesday, cooler, occasional showers PROBS: amount which this would provide. * Those '"'millions' are a myth so far, whatever they may prove to be in years to come. : Mr. Crerar's illustration was un-| fortunate, i | Saved From Bankruptey. | The Dominion Textile Company is | held up as another "horrible exam- | ple" of an industrial -concern that+ paid in only $500,000 cash in return | for $5,000,000 of common stock above par. | Granted the facts are as stated, what | then? | What Mr. Crerar has told about the financing of this company is! lacking in his usual frankness, The formation of the Dominion | Textile Company saved several cot ton mills in Canada from going to | ruin. The largest of all, the Domin- | ion Cotton Mills Company, was prac- | tically bankrupt. The Colonial | Bleaching had never paid a dividend | on its capital stock; nor! had the | Montmorency; the Merchants' Cot- ton Co. had not for years, nor the | Dominion Cotton. On the road to! bankruptcy these mills sere bought at a discount, naturally; the Domin- lon for 25 per cent. of bonds and 25 | per cent. of preferred; the Mer-| chants for 18 1-2 per cent. of pre- | ferred, and 66 2-3 per cent. in bonds; the Montmoreney for 20 per! cent. and 100 per cent. bonds; and | the Colonial for 66 2-3 per cent. pre-| ferred and 100 per cent. of bonds. | { i Provided Capital. | For a total capital stock of the! four mills of $5,833,600 there was | paig $3,370,600 in new bonds; bear- | ing 6 per cent.; and $1,440,400 in| preferred stock begring 7 per cent. and a further issue of $500,000 of! preferred was sold at a price close to | par, In addition iaderlying"/ bonds of two of the mills were as- | sumed, amounting to $4.122,500, each set carrying 6 per cent. inter- est. Besides this $500,000 more | cash was provided and in return | common stock was given. Perhaps | at thyt time the common stock was | worth $10 a share; perhaps it had | |no market value; the $500,000 paid | {in cash for it--for the chance there | was of dragging back from unsue- | cessful concerns and finally earning | {dividends on the common stock, was | chance. The long | won by able manage- | by developing these | powerful | won turning out $25,000,000 of products in a single year, That common stock grew in value, as the industry grew. Profits were thrown .back into the plant year by At the very outset funds were price of 7 cents per Ib; and the pro- fits on this purchase, as the market rose, gave a start to the struggling "merger." Today that common stock sells above pyr, and those who were patient enough and had faith enough to hold it for sixteen years, are receiving, not illegitimate, ill- gotten gains, from "pure water," but the legitimate reward capital de- mands for tying large sums of mon- ey up for years in an enterprise in which all might be sunk- ~"water" and all. ------ ee LEEDS FARMER NAMED He Will be the Progressive . Candi- date in Eltctions, Brockville, Nov. 1.--From a field of four, Leeds Progressives, in con- vention at Delta on Saturday, selec- ted George F. Warren, an Elgin far- mer, as their candidate in the com- ing election. Henry Waller of the Brotherhood of Railroad Trainmen, Brockville, waé the runner-up, and those eliminated on the first ballot were Thomas Lloyd, Kitley, and Ww, J. Thompson, South Lake. A. A. Powers, president of the United Far- mers' Co-operative, Ltd., addressed the convention, Candidates already in the field in this riding are: H. A. Stewart, K.C., Brockville, Conserva- tive, and A. W. Mallory, Mallory- town, Liberal, ------ | A Bad Fire At Brighton, The houses occupied by Rev. 0. J. and Mrs. Young, and Mr. and Mrz W. Kemp and family, Brighton, Were completely gutted by fire on Wednesday last. The cause of the fire is a mystery, but probably oz- curred from defective electric wiring, or a smouldering fire started by the stove pipe, where it passes through the cetling to the room above. Mr. Young was away at the time, and re- turned at 5 p.m. to find himself ana wife without a roof over their heads. The Kemps were also away; only Mrs. Young and her daughter, Mrs. Thompson, Alexandria Bay, were at home during the day. Mr. Young is a heavy loser; most of his books, his clothing, church vestments, collec- tions of birds and curios, gathered together during many years, are de- siroyed, as well as furniture and household utensils. The Kemps dia not lose as heavily, though their house was gutted. The houses will be rebuilt. Opens Practice in Kingston. Dr. C. K. Robinson, who ba carried on a successful medical prae¢- tice in Batlersea for the past seven years, has moved to Kingston and be- gun practice at 365 Barrie street, near Colborne. Dr. Robinson is a Queen's medical college uate and was for a time house s in the General hospital. At Grace parsonage, Trenton, on Oct. 24th, Louisa, daughter of Mr. Mr. and Mrs. Frederick Roy, Baa- croft, was united in marriage to James Bruce Vantassel, Trenton. 'The number of students enrolled [Pe bi ol ai the Smith's Falls Collegiate is 329. rooms ny For Street, Afternoon-and Evening Wear Now while all the delight". Fall and Winter modes are so beautifully and fully represented is the time to choose your Dresses for the season. The comprehensive variety of both Silk and Cloth garments enables you to make your selections under the most advantageous conditions. FOR AFTERNOON FROCKS OF SILK Designed to appeal to all sizes--they are simply irresistible in their appealing loveliness, and you will realize to a full extent why we suggest an early choice. All the newest Silk fabrics are shown, Priced from $12.95 to $75.00 CLOTH FROCKS Developed in all wool Tricotine, Poriet Twills "and fine imported Serges, show most vividly' the French influence on street dresses. Some are plain smart tailleurs, while others come with elaborate designs of Braid and Embroidery, : Priced from $10.50 to $69.50 PARTY FROCKS : Picture the new mode in its most alluring form --all the soft shades are included, as well as the high shades. Black, too, we might mention is find- ing a great deal of favor. i: Priced from $23.50 to $125.00

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