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NI} SAFE INVESTMENTS WHAT THE SAO PAUL!) ANDREI? SHARE- HOLDERS WILL GET Details of the ,Generous Plumâ€"Danger of Being Carried Away by Good Fortune of Othersâ€"â€" HOW to Speculate if You are Bound to Take a. Chanceâ€"Avoid Margin Buy Outright. a1 Speculations and The articles contributed by "lnvcstor‘ Ire for the sole purpose of guiding N09 active investors. and. if possible. of sav- ng them from losing plane)? through lacing it in “wild-cat" enterprises. The mpnrtinl and reliable character 0! tbs Information may be relied upon. The writer of these articles and the publisho: of this paper have no interests to Her” In connection with this matter other than those a: the render. -â€"-â€"d (By “Investor.") The one topic of conversation in the market during the past few weeks has been. “What will happen to Rio and Sao Paulo." Now that this question has been answered and the excitement incidental thereto somewhat lessened, investors and speculators are asking themselves and everybody they meet just what the new order of things will bring about. . A new company with. a. modest capital of $101,000,000 has been formed to be known as the Brazilian Tramways Company. or some similar name. This company is to take over the shares of the Rio dc Janciro Tramway Light and Power Company. giv- ing in exchange its stock' in the ratio 0 four shares of Brazilian preference shares and four sharcs of common for each five Rio shares. The preferred shares will bear dividends at the rate of six per cent. and the directors state that probably six per cent. will be paid on the common stock. That will mean that Rio sh c- holdcrs will come out with a nice sub..tnn- tial profit. For example. the new prcfcr. once shares should sell at around 103 or 104. The common shares should alro sell- around par, for although not so high class a. security as the prcfcrcucc, the common stock has a great chance to take advant- age of the future earnings of the company, which cannot ‘fail. to be great. So the. holder often shares of Rio will get stock worth at least $1,625-that is eight shares: of preferred worth 103. or $824, and eight shares officommon worth 100. or $800. In paint of dividends the present holder of ten shares gets $50 a year. In future he Will get $96, and of course more when the dividends are increased. In the case of 8210 Paulo the sharehold- ers. of course. not a larger proportionntc slice of the new company. For each share of Sao Paulo a. share and a half of tho new preferred and an equal amount of common are to be given. Thus. the holdcr of ten shares of Sao Paulo will come out as follows, figuring on the probable mur~ ket prices cited above: 15 Shares, proferred..$1,545 15 Shares, common 1.500 $3.045 Or an equivalent of 304 for his stock in~the » resent company, while his dividends will $180 a year instead of $100. as they are at. present. DUBIOUS About What Ilcr Husband Would Say. ' A Mich. woman tried Postum be- cause coffee disagreed with her and her husband. Tea is just as harm- ful as coffee because it contains caf- feineâ€"the same drug found in cof- fee. She writes: “My husband was sick for three cars with catarrh of the bladder, ,and palpitation of the heart, caus- ged by coffee... Was unable to work 'at all and in bed part of the time. “I had stomaclptrouble, was- weak and fret-fill so I could not attend to my houseworkâ€"both of 11's using coffee all the time and not realiz- ing it was harmful. “One morning the grocer’s wife said she believed coffee was the cause of our trouble and advised Postum. I took it- homo rather du- bious what my husband would sayâ€"â€" 'he 'was fond of coffee. “But I took coffee right off the table and we haven’t used a cup of it since. You should have seen the change in us, and now my husband never complains of heart palpita- tion any more. My stomach trou- ble went away in two weeks after I began l’ostum. My children love it and it does them good, which can’t be said of coffee. “A lady visited us who was usu- ally half sick. I told her I’d make her a cup of Postnm. She said it was tasteless stuff. but she watched me make it, boiling it thoroughly ,for 15 minutes. and when done she said it was splendid. Long boiling brings out the flavor and food qua- lity.” Name. given by Canadian Postum Co., Windsor, Ont. Look in pkgs. for the famous lit- tle book, “The Road to Wellvillc.” Eur read the above letter? A now out smears from time to time. Thu an nnulncnruc, and full of human Interest. Eâ€"_ The miximum depth of the Atlan- tic is over five miles, and of the Paâ€" cific just under six miles. The greatest abysscs are all found to be not far from the land. h...â€" Manitoba’s area under wheat is reported at'3,400,000 acres, while Saskatchewan’s has increased from 6,250,000 to 7,813,500 acres, and Al- .berta’s from 750,000 to 937.500 acres. “7* " f l I I could not i That. in brief. is the situation, and there . is no question of the Very good fortune of "the shareholders. Unfortunately. thorn is one great. drawback. Many pcoplc who know little or nothing about local and general financial conditions .will jump into the stock market in the vain hopc (if-mak- inn: 0. similar “killing.” And in 90 per cent. of the cases they won't. Now, I have no quarrel with people who invest in stocks. Investing in shares may I be done wisely. so as to make. a tidy profit. and at the same time take no more than an ordinary business risk, but those who do invest in this fashion invest. They do not speculate. No man who buys on mar- gin can be said to invest; he speculates. and too often speculation is just another term for gambling. A man may look around the market at the present time. and after carefully look- ing at all sides of the question. decide that a certain company is in good shape. its earnings showing regular increases over a series of years and a good and growing market for its productâ€"it may be gas, electric light. or ploughs. All coul- panics, industrial, public service or iinnm cial, should be considered along almost identical lines. with the few variations pointed out at various times in this col- umn. After deciding that tho company's future is bright the next stop is to dc- cide whether or not the company's shares have not already discounted this future as far as the market is concerned. If the stock is returning about 61-2 or 7 per cent. on the market value. and earnings appear to justify an increase in dividends before long. it is a good buy. Pav for It outright and put it away until your judg- ment has been justified. Then. if you want to take a profit sell. At all events your income will show a very'hundsome rate of interest on your investment. 0n the other hand. afcw years ago a man, decided just these points about Sao Paulo. He. bought it at 156 and put up a 20 point margin. The!) the hard-times of 1907 came and Sao Paulo went down to 140. He had only four points of margin left. so his brokers called him for more. He put up another 20 points. Still the stock-declined, and at 120 in desperation he. sold out. Later the stock'sold at 98. At that price another man who had also studied conditions, bought it and paid for it in full. This year. only four years af- terwards, he sold his stock at 254, and would have made more if he had had patience. These two 'men had exactly the same idea. They were both right. but one took the wrong way of obtaining his end. He took a chance. and the market went against him. If he had bought outright he wouldn’t have made as much as num- ber 2. but he would have made. 100 points and got 10 per cent. dividendsâ€"6 66 per cent. on his investmentâ€"during the four years. But he was a speculator and lost. There is a very obvious moral. THIRTY YEARS OF WONDER. What Change in Comforts Electri- ’ city'II‘as Wrought. i Few, indeed,- are left to recall those distant days preceding the ap- plication of steam engines to rail- road a-nd steamboat work. But there are plenty who well remember when electricity was considered but a. natural phenomenon and a play- thing of nature during terrestrial storms. It seems almost incredible, yet it is'ltrue, that but thirty years ago electricity was unheard of out- side of scientific laboratories. We had no telephones, no elec- tric railways, no electric fans, no electric elevators, no vacuum clean- ers, no electric lights, no trolley Icars, no electric ranges, few elec- tric motors. We could not call up anyone on the telephone. The mails and mes- sengcr boys didthe work. The tele- graph was in use, but the lines were few.‘ _ All thcghousework was » done by hand, wit-bout the handy electric stoves, the motorâ€"driven appliances Inow in use. In hot days we sweltercd. for the electric fan was undrcamed of. “he read by flickering‘candlcs or oil lamps, and there were no arc lamps to illuminate the streets af- ter dark. no buzzer communication from of- fice to office. no electric flatirons, no electric chafing dishes, toasters, grills, etc. ' Factories ran by steam or water- Cities were covered with a Railroads power. pall of black smoke. run through tunnels without the gravest- danger. Elec- tric ventilating systems for large buildings were unheard of. Electric signal systems for railroads were not used and the. trains ran a good deal on luck. * Such were the good old days we hear so much about. The folk who lived and worked then did not miss these things inasmuch as they had never enjoyed them, but.one of the greatest hardships which might be inflicted upon us Ito-day would be to deprive us of electricity. Without it we would be put to the greatest inconvenience. - ‘ 1‘ It is an excellent thing that a man’s actions should often be so much better-than his principles. ‘ I I There were no electric door bells. name is known among 1mnting men I l l Wwom‘m HEALTH PROFUSE PERSPIRATION. Profuse perspiration, or hypcrid- rosis, often causes great annoyance, and when offensive. oven cuffcring. Offc-nsivencss is most likely to occur when the regions affected are thosc that come into close and continual contact with the clothing, as, for example, the feet and the armpits; and moreover, the long-continued dampness duo to lack of evapora- tion may cause. a troublesome ecâ€" zema. Many poéplc, especially those in whom the excessive sweating is caused by nervous conditions, are annoyed, even in cold \vcatllcr and although they discard gloves, by profuse and continual pcrspiring of the hands. In dealing with this ailment, it is necessary to seek the underlying cause, and if possible to remove it. Sometimes the perspiring is only one among many symptoms of a serious physical conditionâ€"general paralysis, for example; at other times, what it may be a symptom of remains obscure in spite of much searching. Very often it appears to be simply one symptom of a lack of general tone, in which'case it is often accompanied by poor circula- Hypcridrosis- is most trying when it occurs in the feet. for since peo- plcare obliged to go shod, sufficiâ€" cnt ventilation and absolute cleanâ€" liness are hard. to attain. Some- times the trouble proves to be due to flatfoot. and. then shoes that give proper support to the weakened arch will correct the excessive sweating. In general, sufferers from hyporidrosis of the feet must observe the most fastidious cleanli- ness. If possible, they should take a foot-bath several times a day, and always follow it with a complete change of foot-wear. They should wear white socks or stockings, and as far as possible, canvas shoes. Much can be done by local treat- ment either with powders, which are. prescribed for their drying and absorbing effect. or with astringent and antiseptic lotions. It is. well to bathe the feet at night with water containing_ an astringent lotion, and to use a powder in the morning on putting on the shoes and stockâ€" ings. If any one objects to the use of powder, he may obtainthe same result by wearing white stockings that have been soaked in a saturâ€" ated solutioon of boric acid.â€" Youth’s ~ Companion. 4‘ GET ACQUAINTED WITH YOUR NEIGHBORS. If you are genteel in appearance and courteous in your manner. you will be welcomed in every home in your locality. when you are showing samples of our su- perior toilet goods.,houschold necessities. and reliable remedies. The. satisfaction which our goods give. places the users. under an obligation to you. which wins for you the same respect. esteemhand in- timate friendship given the priest. physi- cian. or pastor. and you will make more money from your spare time than you dream of. besides a host of friends. This is your opportunity for a pleasant. profitabe and permanent business. Ad- dress. '1‘ e Home Supply (10.. Dept 20. Mer- rill Bnildiug. Toronto. Out. 1 .__._._._J14 WOMAN T0 ILLRPOON WHALES Whalcr’s Daughtcr Will Accompany Him on Expedition. When the pioneers of women’s freedom started out to win sex equality they did not reckOn whale hunting among the pursuits suitable for feminine aspirants to indepen- dence. That is why Miss Hjordis J‘ugcbrigtscn, of Christiania, Nor- way, is ahead of the feminist game. She was born by the. sea and her father has been a whale hunter since 1866. His record of capture runs close on 15,000 whales and his from the North Cape to Portuguese South Africa.‘ In the latter section of the earth his son has been domiciled for three years. Now Miss Jugcbrigtsen is going with her father on a whaling expedition in that region as a rcgu- lar member of the hunting party. She has passed her apprentice- ship, for several times she has ac~ companied the boats and has be- comc an expert shot. Up to now she has merely assisted the men, but her skill has now matured so that she herself will fire the deadly har- poon against the monsters of the deep. She is only 20 years old, and despite her daring pursuits, she re- main-s a tender-hearted and gentle gir . l I it -â€" .-â€"â€"â€"-»-â€". Mascot the world’s peppermint is grown on peppermint farms in Michigan. Over 300,000 pounds of peppermint oil, worth $5 a pound, 13 produced annually from the moist and black soil of south-western Michigan. ’ ‘n .5; i '\\\\\\\\\\\\\\~..,V , . , nam' . an...» . . , . . * LOOK son. THEELUEPACKAGE BECAREF‘ULTO‘ 35E THAT LABEL 0N, . 9ACKAQE 53 BLUE.- in Old El! COLOR EVER USED ON . RQVALYEAST REMEMBER THE COLOR BLUE In if filliii IIIIiIIiIISPIIIIIIIIIIIII Chairman Dominion Railway Boardâ€"Poverty in the' City” lion. W. .T. Hanna. Provincial Sccrciarm’ is again in the. limo light in connection with the Chairmanship of the Dominion Ruilwuv Board. It is curious to note how many positions Mr. Hanna's name has been associated with during the past fivc vcars. Ror a long time "there was a ru- mor recurring about once a month that he was going into Dominion politics. Thcn September. 1911. came and. passed. and it was Mr. Cochrane who went. In connec- tion with this incident there. is an inter- esting story. that Mr. Hanna could have, been the campaign organizer for Ontario just as he was in 1908. and probably sub- sequently a Dominion Cabinet Minister, but that he guessed wrong as to the pro- bable rcsult. But that may be just a yarn. 'l‘hcn, tln-rchavc been persistent rumors that Mr. Foy would resign and that Mr. llannu would be the next Attor- ncy-Gc.ncr::1. And it has been generally . understood that its muttch stood ho was the logical successor of Sir James Whit. ncy. At one time he was offered the po- sition of Corporation Counsel of Toronto at a fat salary. a position which after- wards went to Mr. Drayton, and in this connection it was interesting to see the other day an‘ interview with Mr. Drayton. in which he told of having declined the Railway Board Chairmanship. But mean- time. Mr. Hanna has stayed on year after year as Provincial Secretary. PLAYED WITH THE IVAIFS. Mr. Hanna's heartiness and good humor are infectious. He lovcs children. One day a group of little waifs were waiting at tho Parliament buildings to see some official. Mr. Hanna corrallcd them. took them into his luxurious private office. to which millionaires sometimes impatiently wait admittance, and had a half-hour‘s good play with them. - As to his mcutal capacity. it is doubt- ful if his present position has revealed his real worth to the public. The continuous linking up of his name with some new position has no doubt reflected a popular notion that he was too big a man for the position of Provincial Secretary. POVERTY IN TORONTO. In the. midst of bounding prosperity. and of increasing luxury for the classes there is probably more acute poverty in To- ronto than over before. This is merely the history of large cities everywhere. but it is discouraging to those who hoped that we in Canada might avoid some of the evils ._which have grown up in the old world. A “Fresh Air Fund." collecting money to give picnics to children “who would not otherwise be able to have a single halflduy's outing on the beach or in the country. duriug‘the- summer." announces that. last summer it was necessary to ac- commodate not less than 5.000 Toronto children. The testimonynf other funds and charities is to the same effect. From whic it may be deduced that there 'arc upwards of 2,000 families in the city whose condition is one approaching. if not al- rcndy arrived at. abject poverty. There is no lack of work for both men and women who will work. The trouble in most cases is :1 result of sheer shift- lcssucss and vice. chiefly drunkenness. We are developing our proportion of "um-m- nloynblcs." the same as old-world cities. Despite immigration laws. which are sup- poscd to exclude all such. they sometimes not in. But the saddest fact is that many of them are Canadian born and bred. The lure of the city attracts the dross as well as the gold. NEW FAD FOR “HOUSING.” In connection with charitable 'work. the latest fad is Schemes 'for housing the poor. the "housing problem" it is called. Perhaps "find" is a too derogatory word to apply to an cntcrprisc that. is alto- gether commendable. In England hour- iug schemes are no new scheme. and while they have no doubt- donc good in their way. it is doubtful if thcv have accom- plished the end they have been aimed at. Instead of abolishing slums they have simply shifted their location. Now a company of public-spirited citi- zens has been organile to lay out a few acres of moderate-priccd Toronto land in small homes of model design and con- struction for poor people. It is to be hoped they will achieve their purpose. Certainly thcre is III-ml of some. relief for overcrowding. Within the last few days almost indiscribublt‘ conditions have been discovered in several scctions of the city. In one. house of ten rooms ten fum- ilics wcrc found to be living. In another house of mode-rate size 77 lodgers were. found. And, of (‘Oill'i-‘i‘. overcrowding is I I Housing the Poorâ€"Echoes of- Bygone Days. ncarly always accompanied by social. vices; for cxamplc, in one small house one woman was found living with twenty men. In nearly all these and similar cases the men are foreigners. who left condi- tions in Europe probably worse than those . in which they are now. ' PASSING OF GOVERNMENT HOUSE. The beautiful old grounds of Govern- ment House. at the corner of Simcoe and Kim: streets arc no more. and the. last vcstigc of the house itself will soon have disappeared. A lmilding-wrcckcr paid $2.800 for the privilege of tearing the place down. The grounds have been ploughed up and levelled; a beautiful ra- vine. whcrc a creek rippled in the old days before. all Toronto's creeks were turned into sewers, has disappeared. The beau- tiful old clms have been turned into cord- wood, and the whole Scene varies not at all from that which may be seen any-w where that a railway is putting in new sidings. The building dated only from 1874: before that its site was a. favorite picnicking ground "out in the country.” for the city of that date lay to the east. When it was constructed the adjoining streets. Bay. Simone and Wellington. be- came the fashionable district, just as Chorlcy Park. five miles away. is now having its boom. ‘ MORE ECIIOES OF BYGONE DAYS. Nearby was the residence of Sir Morti- mer Clark. ono of the finest of its day. which now also makes way for the C. P. R. freight yards. For the last twenty years Sir Mortimer refused to follow the procession to the outskirts. but braved tho smoke. and noise of shunting trains and factories. The residence of William Gaw- thrn. lundcd proprietor. the richest To- rontoniau of his day. and founder of the Cawthru estate. who during‘thc Crimean war used to take his depositsâ€"in silvcr~ to the. bank in a wheelbarrow. has been turned into a bank. It stands at the north-east corncr‘of Bay and King. The late Goldwin Smith’s “Grange” has been turned into an Art Gallery. Tho house built in 1822 by Sir William Camp- hcll. then Chief Justice. at the corner of Frederick and Duke. survives as part of a horse-nail factory. N A TOUCHING THE THIMBLE. There was a time when that use~ ful protective covering for indus- trious finger-s, the Humbleâ€"which dates from 1084â€"was very costly. Indccd, only well-to-do women could afford to wear one. After- wards. however, they were made of lead and other common metals, and 10-day you can get quite a service- able article for one cent. The Dutch finger-hat (fingerâ€"hood) ho.â€" camc in England the “thumb bell," from its bell-like shape. It was originally worn on the thumb to parry the thrust of the needle pointing through the stuff, and not, as at present. to impel it. All the world over the thimble is a symbol of industry. The. gift of one to a little girl is taken as a hint that she should learn to sew, or that her clothing needs mending. Fashion in thimblcs is very' luxurious in the Wealthy Chinese ladies have thimblcs carved out of mother-of- pcarl, and sometimes the top is a single precious stone. Paris, as all the world knows, leads in fashions, and it is estimat- cd that in ,F'anccv 940,000 women and 75,000 men earn their living by supplying the la‘tcst modes. Tho largest railway station in the world, so far as acrcage goes, is the Southern Railway Station. Vienna, which covers close upon 100 acres. BONDS PAYING 6X INTEREST q The First Mortgage Bonds of Price Bros. & Company at their present price pay 6 per cent interest. The security they offer is first mortgage on 6,000 square milespf pulp and timber lands scattered throughout the Province onucbec. :l'hc timber is insured with Lloyds of England against loss from fire. The carn- mgs at present are sufficient to pay bond interest twice over, and when the mill pow in course of construction is in operation, earnings will be enormously increased. These bonds can be quickly converted into cash, as there is a rear? market for them. I! From standpoint: ofintcrcst return and-security, these bonds constitute an investment of excep- tionally high order. There is every reason to believe these bonds will considerably increase in value. We will be glad to send you literature further dcsuibing these bonds. BANK OF MONTREAL BUILDING R. M. WHITE Mon-gar SECU RITIE'sI -CORPORATION LIMITED YONGE AND QUEEN STRE TORONTO . ETS MONTREAL-queaecâ€"Hn LlFAX-oTTAJA LONDON fume.)