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13mm ‘ mathem; tkev kng ggf to 5;; their erties worth hving in» To put in a word, unprecedented expansion neeeefltatos unprecedtnted measures at financing. The majority of Canad- over-financing is not extravagance. Examine the causes, and you get the effect. The unprecedented influx of population into the western cities makes ordinary sanitary precautions necessary; hence unusual expenditureI for water and sewers. To the same source may be traced the necessity tong high standard of civic comfort, 00d; visible in paved streets, lighting and so on If the western! cities are going to get the people to! The cities are there, and the people are growingly there. To a. very large extent what has been described as L. Cor. Michigan Ave. and Griswold St, Detroit, Within the past few months, muni- cipal securities in Canada have been on trial. They haVe been through the fiery furnace of a searching investiâ€" gation. and have emerged unblemish- ed, so that today th:y are a better “buy" than ever before. But it is just as well that there should have been an enquiry into their. merit. Our municipalities have been to a certain extent extravagant. Mr. Horne- Payne, 9. British financier, recently struck a warning note, in this regard. It is unfortunate that he was a little inopportune in so doing, but thel‘ shower of critic'iSm which his mmarksl brought down would indicate thatj several of our western cities are find" ing that the cap fits. After much died cussion, the general decision arrived!l at is that Canadian municipal deben- ] tures are inherently sound. Their in- trinsic value remains the same, wheth er money is tight or money is easy. Dns.KI{NEDY KENNEDY (Canadian Courier.) The past three months in :the mun- icipal debenture market reveal noth- ing of more than ordinary imputâ€" ance. Omissiou rather thhn commis- sion seems to have been the order of the day. Slimmer weakness and gen. eral dullness appeared rather earlier than usual. This may be attributed to various eausele‘he threatened re- vival of hostilities in the Balkans, the extreme congestion of the English market, and the continued demand from the investor for a higher inter- est return On his investments are chiefly responsible for this‘ premature lethargy. w. treat and cure wuucosz vnms NERVOUS 'DEBnm . ' . .BLOOD AND “1:31:83, (1:12;??1'5. min“ AND BLADDER DISEASES “a .n 95,...“ Blank for Home Treatment. If Ne w an m ‘0’ I Question AnimonfiomCanadanmtbeWI Can- ‘NOT'CE wanngaiapondeVipfilmN. as; r #3133} 01:20“. MUNICIPAL Patient No. 15923. “I have not had a. regular Emission I don‘t know when and am feeling fine. The world seems altogether diflerent to me and I thank God for directing me to you. You have been an honest doctor with me." ' Patient No. 16765. Age 23. Single. Indulged in immoral halts 4 years. De- posit in urine and drains at night. Varicose Veins on both side; pains in back, weak sexually. He writeszâ€"“I received your letter of recent date and In reply I am pleased to say that after taking two months’ treatment I would consider myself completely cured. as I have seen no signs at them coming back (one year). Smmfidelypafieushfingtheflewldthm TheyhowiCuB H‘NonaTMudem-iflenm CONSTITUTIONAL BLOOD DISEASE. Patient No. 16474. “The spots are all gone from my legs and arms and I feel good now. I am very grateful to you and shall never forget the favor your medicines have done for me. You can use my name in recommending it to any sufferer. I am going to get mar- ried soon. Thanking you once more. etc." SAYS TWO MONTHS (TIRED HIM. . Patient No.16765. Age 23. lndulged in immoral halts 4 years._ Single. De~ VABICOSE MS can. Case N . 16888. Symptoms when he started treatment :â€"Age 21. single. in- dulged in immoral habits several years. Varicose Veins on both sidesâ€"pimples on the face. etc. After two months’ treatment he writes as follows:â€"-“Your welcome letter to hand and am very glad to say that I think myself cured. My Varicose Veins have completely dis- appeared for quite a while and it seems a cure. I work harder and feel less tired. I have no desire for that habit whatever and if I stay like this. which I have every reason to believe I will. Thanking you for your kind attention," etc. Lt. WORLD SEEKS DIFFEREVT. SECRETS OF HOME LIFE DEBENTURES CHRIS GUARANTEED OR NO PAY a. very 181' gef described as} xtravaganoe.! you get the ad influx of!;' “for“ nuifim ' , Ithatwash day islilnc‘vafild's play. There is nothing in K it but pure Soap; . It caaiioc injure thé clothes and give. 9.1M grates: deanest mnlu._1’ownh - \ the Surprise way CleanSJeSEOTQT-Sfii the rule rather than the exception amongst the western municipalities. The ccntinued demand for high grade municipals, yielding 5, 5g and 6 per cent is gratifying and encouraging. It 93917216; at any rate. a fitriking contrast to the apathy which charaC- terizes the industrial bond market. 51 The marketing of Canadian mumâ€"t Lipals in the States has been. given 1 have GAIXED 14 POI'N'DS IN ONE MONTH. ;,1mb msues, 1t wru ccntmue to of mineral 7 s being extensive. have, as long as it has the me. y to In 1359 he married Jennie Graham offer more attractive prices for Can- 'of Smith, near Peterboro, Ont. They _ adian muniCipal €191)th than f01‘ had eleven children, semen of whom ; Lmilar securities from other sources. are living, among them being W11- I In the Canadian field, features Iiam Thomas, who has followed in worthy of note are the increased rate his father” s footsteps, and is now :of interest yielded by high-class se-fVice-pr‘esident of the Munsey Pub- curities and the consistent sale oflIiShing C0» New York In 1880 Mr. .Canadian municipals over the border :Dewart moved to Rothester, N. Y., Ontario towns which were formerly where he resided until 1901, when be 'able to issue at 4; or 5 per cent moved to Montclair, New Jersey. now find difficulty in disposing of :22: 2:11:32: 23:15:53; BIGGEST CARGO 1 2:“;121132‘3: ‘5; 12:21:11er FOR PT. McNICOLL} This six per cent basis has become i-an municipalities have exhausted the supply of money in 1.0916011. for the present. That is, broadly speaking. Even essential improvements must be postponed for a little, until such ‘time as Throgmorten Street gets gri-g‘ht again, Now, this does not imean that there is a panic. The ?Courier has consistently disparaged ithe pessimism which of late has been so rampant among some finan- ciers in Canada. There is not going {tote a. panic, but there is going to :be a prolonged stringency. Canada is 1going through the mintâ€"that is the 'only way she can get the wheat. . Despite much unfavourable criti- jcism, the tale of the last three1 'months is hopeful reading. Canadian ni bonds. it is generally recognized, {have maintained as high a standard fduring the last quarter as any otheri similar securities in the LondonI market. This fact speaks well for the' ample security behind the borrowers; The London market has a keen appre- ciation of investments that are fun-i damentally sound, and in spite Ofi the unfaVOrahle reception tendered to recent issues, it will continue to:I have, ‘as long as it has the Inc-3y to oi-fer more attractiVe prices fior Can-l; adian municipal debentures than for] Limilar securities from cant sources. ’1 The thing to remember is that these coffers have a bottom. They are not like the cruse of oil and the bafrel of wheat, which never,grew less. despite the inroads made upon them. Canad- 5 Rudthefinflamoothom ‘ Jammmhm EX, «4mm ian cities have honestly endeavoured to live up to the extraordinary obl‘i- gations entailed by them. and the Londcn market has generously open. ed its coffers. Surprlse Soap | } Jud: ing from statistics puzbiished iby the Dominion dairy authorities i Canadians are great ice cream eaters. ‘ the cream used for ice ,cream is 24 Canadian cities last year was suffi- rient to make 2,000,000 pounds ofbut- ter or 15,000,000 pounds of cheese~.Per- haps this is why butter is‘ high in pnlce It would be still more interesting if the statistical department would show the consumpticn of this highly flavored, frozen and ccngaaled form of lecteal fluid by sexesLDoee the fe- male eat more than the male? There are people who say that she does. What 11s thy use of having thess high salaried men at Ottawa. digging up statistics unless they give us an the} interesting details? Mr. Dougall will continue to pub- fish the Weekly Witness. Montreal, July loâ€"Under the cap- tion of “‘Valedictory," J. R. Doug~ all, editor and proprietor of the Daily Witness, today bids farewell to :13 readers. ‘ Mr. Dang-all explains than he has laid down the editorial and business control of the Daily Witness, which has been taken OVer by Mr. Charles Gordon-Smith, wno has formed a company‘which will publish it as a Liberal paper under the title of Daily Telegraph. CANADIANSEREAT ICE CREAM EATERS szwnméss What probably will be the Largest Cargo of grain eVer floated in ‘a Ship on the Great Lakes was started Thursday at Duluth, when the steam- er “W. P. Snydzr, Jr.," reported at elieva‘tor. The boat will load 500,000 bushels of wheat for, delivery at Port McNicoll. I Mr. Dewart was also an important factor in the building of the Vietoria Railway from Lindsay to Halibutâ€" jton. spending his time and money in securing the necessary bonus to en- !able the aCCOmplishment of this en- iterprise. This railway is now a ibranch‘ of the G.T.R. ' He is still not only a great edu- cationist. but a close student of chemistry and geOIOgy, his collection ‘and begin to write. In 1874 Dewart was conflnced that the next important political question 1'. Canada would be trade protection and he decided to do his best to se- cure it for the manufacmrers of his country. That year he published his first series of works on this question i ! iand gained for himself the name of I“Father of Protection for Canada. " he first volume of writings Was irepublished by the Ontario Manufacâ€" turers’ Association, and played a. ivery important part in the crystah’z- L Willi-am DeWart was born at Dumâ€" ‘mer, O'nt., on July 4, 1836. When 1‘. years old he began to teach school, and continued in that profession for six years. Then he m-OVed to Fenelon Falls, Ont., where h; opened up a general store. When not waiting on customers, he was always reading, generally books ‘such' as Adam Smith's "Wealth of Nations.” It could be noticed that he very seldom turned a page, but .‘aftgr reading a few paragraphs, would close the book and begin to write. ing of the national policy and in the electing of the Conservatives In 1878. PROMINENT IN VICTORIA COUNTY Friday’s Mail and Empire, Toronto contained. an interesting sketch of Mr. William Dewart, who played an important part in the moulding of Canadian history. Mr. Dewart is- a brother of Messrs. John, James and Henry Dewart. who reside in Dum- mer. The article was as follows:â€" At his home in Montclair, New Jersey, William Dewart, familiarly known as the “Father of Protection in Canada," is celebrating his 77th birth-day. Endiderabia prominence during the present depression, but only the at- tractive prices at which the offerings have been made can account fior the wliol«csale absorption by Uncle Sam of this class of Canadian bargains. CEASED TO ISSUE If you are contemplating a trip, don’t let. this trip slip your memory, Canadian Pacific steamships make the fasteSt time, have the best of accommodation, and the table is un- excel-led. Full particulars and reser- vations on trains and ships, at av- eey Canadian Pacific ticket omCe. Ideal Vacation Trips At this season of the year when so many are planning their vacation ’trip the question "Where to go” na- turally arisesâ€"What could be more delightful than 31 Great Lakes trip, iwhere the air is pure, the sun shines [and cool refreshing breezes blow ? 1 Few people realize realize with ,what ease and speed a trip from the [east to Fort William and Winnipeg can be made via the Canadian Pa- cific Great Lakes Express Steam- ships. You can leave Toronto 12.45; noon Tuesday or Saturday and ar-1 rive Winnipeg 9.40 p. m. Thursday or Monday. Fifty-seven hours from To- romto to Winnipeg, twelvehours‘ faster than any other service. For those who wish to leave on differ- ent days. in the week, and have a little. more time on the water, the trip can be made leaving Toronto 12.45 noon Mondays, Wednesdays and Thursdays, arriving in Winnipeg; 11.40 a. m. Thursdays, Saturdays and Sundays. For. the last night or ten years Sturgeon Point yachtsman have at- tended the lower lake regattas at Stoney Lake and Chemcng, and if dates do not clash, some of the good ones will be there again this year. This is the first time any ,Vof the KaWartha Lake boats have entered in the Lake Simeoe regattas, but since the Canal and Lift Lock have Roaches’ Point, Lake Simeoe, have announced their Annual Regatta for Monday, August 4th, and a large number of Sturgeon Point boats are making arrangements to be in at- tendance to compete in some of the events. ‘ Annual Regatta At Roach’s Point I? Peterboro Review: Grave are the jears of the family of a resident of TFairmount, named Lang, who cannot fbe found. It seems that Lang left :his home in Fairmount about a week I ago to come to Peterboro. Up to the [present time nothing has been heard [of him. Last night, his horse, _ at- {tached to the outfit, returned home without him. His hat waé :ound in the buggy. The cause of his disap- Dearanoe is a mystery. Several Fair- mount residents are in the city try-t mg to trane the missing man. ‘ FAIRMOUNT MAN HAS D!SAPPEARED For thirty years it has been the stan- dard remedy for fe- male ills, and has re- stored the health of thousands of women who have been trou- bled with such ail- ments as displacements, inflammation, ulceration, tumors, irregularities, etc. If you want 5 p e c i 31 advice write to Lydia E. Pinkham Med- idine Co. (confidential) Lynn, Mass. Your letter will be opened, read and answered by a woman, and held in strict confidence. Why will women take chances or drag outasickly,half-heartedexistence,miss- ing three- fourths of the joy of living, when they can find health in Lydia E. Pinkham’s Vegeta- ble Compound ? ti ”m4 fl’ “After I came home I saw your adver- tisement in the paper, and commenced taking Lydia E. pPinkham 5 Vegetable Compound I took it constantly for two years, and still take it at times, and ; both my husband and my_self claim that l it was the means of saving my life. I 1 highly recommend it to sulfering W0men."â€"Mrs. 012le BRADLEY, 284 Johnson Ave. , Winnipeg, Manitoba, Can. Winnipeg, Canada. â€" “Eleven years 880 I went to the Victoria Hospital, Montreal, sufl'ering with a growth. The doctors said it was a tumor and could not be removed as it would cause instant death. They found that my organs were affected, and said I could not live more than six months in the condition I was in. But Lydia E. Pinkham’s Veg- etable Compound Restored Mrs. Bradley’s Healthâ€" Her Own Statement. DUBTIBS DID NOT HELP HER ,tqgens Dr. Morse’s ‘2 lndiaq Root Pills Wholesale trade is rather more than seasonab‘ly quiet. In ntarly all lines there is" a period of marking time, Dun’s Bulletin of Saturday, July 12, says of Montreal trade? “The country is suffering from a lack of moisture, while the cool nights have retarded growth. Farmers say that unless there is 24 hours of good. isoalging rain within the next week or so, general crop results will be poor. Haying, which is usually in full swing by this time, is hardly yet begun i and according to general reports: there will be hardly more than half a l crop. Roots and general garden truck are also (backward. The lessening in receipts of cheese for export is prob- ably attributed in some degree to poorer pasturage, though receipts of butter keep up fai 1y. Sick Headaches TRADE CONDITIONS NOI' IMPROVING The latter practice grew up as a result of the ease with which Cana- dian municipal bonds’ were sold in :England. It Was simpler for a city to complete the particular piece of work‘ it was authorized to under- take an-d then issue its bonds than to guess at the ultimate cost and delay starting work until it had the money in hand. And the banks were quite agreeable, in View of ,the fact that there was likely to he no trou- ble about raising the money' even- tually. Now that municipal bonds: are not welcome in London as they T used to be, the banks decline tol lead on the old terms, and for the present at least the municipalities haVe to submit to a. Curtailm‘ent of. activityâ€"Sir Edmund Walker. I are not caused by anything wrong in the head, but by constipation. bilious- ness and indigestion. Headache powders or tablets may deaden. but cannot cure them. Dr. Morse's Indian Root Pills do cure sick head- ache in the sensible way by removing the constipation or sick stomach which caused them. Dr. Morse's Indian Root Pills are purely vege- table, free from any harmful drug. safe and sure. When you feel the headache coming take Municipalities borrow in two dis- tinct ways. They borrow from‘ the banks to provide for ordinary routâ€" ine work in order to overcome the difficulty of waiting until they have collected their taxes. This they are permitted by the Municipal Act to do to the extent of 80 per cent. of the tax roll. They also borrow frorn ‘ the banksâ€"or have done so in the 1‘ ‘pastâ€"in anticipation of the sale of bonds, in London or elsewhere, which may have been authorized for some particular municipal undertak- ing â€" water supply; sewers, paVe- meme. ! good is done. Again many ministers scold; scold all the time, quite ' for- getting that the people who want scolding me those out of the church, not in it: It would probably be found that the man who preached a ten minute Sermon regularly, to which he gaVe earnest careful attention. would fill his church quite as well, if not betâ€" her, than the one who preached for twenty minutes or more. Such ser- mons would have more lasting ef- fects.â€"Kingeton Standard. Some people doubt the efficiency of sermons and with a certain amount of reason. How many persons could remember the next, and give an acâ€" count of the sermon preached a month ago if asked to do so ? Very few; and if this is the effect on the memory how little can the character have been aflected. The complaint is heard so often that in many sermons there is “nothing to carry away"; no great single lesson dealt with so that it leaves an impression which lasts. Is not this the fault of the too long sermon with its division in- to firstly, secondly, thirdly, finally, lastly, inconcluaiorn. and one last thought? There is too much in it, The listener grows weary and no HOW MUNICIPALITIES BORROW MONEY Now that the hot weather is hens, merciful clergyman will take to cutâ€" ting their sermons short. This caus- es us to ask why they should not do so all the year round ? In the first place a clergyman s principal duty is not the preaching of sermons, to- wards the preparation of which he must devote a great deal of time, if they are to be worth listening to or to do any good. To our minds the first duty of a clergyman is to get out among his people, to know them well and to be the moving spirit in every organiZation that tends to the welfare of his parish. Short Sermons Is the Cry can the character The complaint is in many sermons to carry away"; “5 agglvgate 0'1 bank clearings. Dealers in general builders' supplies report‘ a falling off in sales of from 20 to 25 per cent. ”’9 great bulk of the buying being’ments i; grim for PM wants only, a policy tary candltimS. meh M” for healthier conditions to ncte 11:5! ‘ later on, and the lessened trade act-we small gist: tivity is reflected in the decline m the amate of bank clea:ings.j ”v” There is no noticeable improve‘ H0315: BANKor Cheques and Drafts on all the couniries of the wcrid. dra maths. lire, kronen, cm, can be mshed or purchased a: reason NOTICE IS HEREBY GIX of seven per cent. mr annum I“. paid up Capital Stock of the \'i. for the quarter ending: ism: 3m; able at the (flite of the Camp my 1913. ’ , THE VICTORIA L6? and SAVINGS COMP The Stock Tm July 2nd inclusive Lindsav June 10th, 1913 The Canadian Bank of Commerce, by reason rz’ its Zarge numb: at: evefy PmVince Of Canada, with direct representaucr‘. in London,£2g.)‘a San Francsc' 0, Seattle, Portland, Ore" Mexico and Si. jchn's 1‘1“..th in C: rrespondenfi in every part of the world. is atie to rife: ursurpasseéfififu travelling public, enabling them to obtain money fir. the simplm way-mm! their journey the world over. The Travellers' Cheques and Letters cfcfig by this Bank ovemome the annoying dimculn'es of chaining funds m. in places where identification is difiicuh. ' CAPITAL, $15,000,000 Notice is hereby given that a di\ idend at the rate of“ PER CENT. PER ANNUM upon the capi 211 Stock Oct been declared for the quarter ending :15: JUIY,_1913. same will be payable at the II c d ()z: (e in on and after Friday, the first day of ugust, 1913 to of record of 25th July, 1913. BANK OF. MONTREAL INCORPORATED BYlAc-roflm r. Li A 311-5 'r. ' z» 57.; ELISEED A 12.33 Kinda, Branch Established AD.:1858 LINDSAY _ PETER KENNEDY TOURISTS @ TRâ€"H’ELLERS OFFICE HOURS : 10 to 3 o'clock. Futuriavs 10 mlo‘clc’l SIR EDMUND “'ALKER. C.\'.O.. L! ALEXANDER LAIRD 30 General Manager There are my saving: account: openedwizh :‘ne HomBflkWfl put-Elena: for inflamâ€"a househoider may be $2755: ‘4? :0 ”at Mt thmhhbuse; or to pay a prcmf.;m or. 311.551,:sz u a reg-uh: practice with my Home Bank depositc." to are“ "F‘afl W [or “mm to withdraw the money at the and of {he 33‘ W 8 Mo '5“ “It, have 3856a.“ to link: the nccczsaf.‘ 3'33“”ch “I . HOLMES, Manager Lindsay Toronto, 17th June, 1913. By order of the Board. $32.34;??? TORONTO é?! BRANCHES AND CONNECTIONS THRCuGâ€"OUT ‘- BlaCk - Manager Lindsay Brand Quarterly Dividgnd Notice No, 91 Undivided Profits . . . . tack Transfer Paid up Capital. . Branches in every Province of the Do- minion, every important czty of the Do- minion, Newfoundland, London, England New Yank, Chicago, etc: transacted. bévmga Department at every Branch. Every description of Banking business D.VIDEND LOCAL OFFICES l‘ Leagcr v. y order of 13 t1 $16,000,000 $16,000,000 $802,000 $32,802.00!) - d mmal MA 'f its large numb. d“ men in London, Eng,‘ St. john’s NM~ '53, Ag 0 offer :1me 1 the simplest way; - ques and Lem Ufa obtaining funds an! world drawn in am" REST, $125 Manager ssistant CANADA 1m. for n world. amertaain comma: in 91199 emk L113