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hope for cheap power. within a reason» o ha cept with 'the aid of a way. | compauies not ve' what the Hyd Pouce dn may, the ormer not having the mac! for so doing, nor have they the ar « Jrailway, the 'Hydro-Electric Railway {essary capital available for rura}. bus- ; _jwill have to pay interest at the lowest {iness," We trust that while a railway An rate going, the rate. paid by: Munici: | cannot run where every one desires it, at his axe; | palities being-almost always from the convenierrce of cheap power and 5 ¢ the monetary and municipal ad- vantages accuring from a railway will ne appeal io every ratepayer in the lower : respective - securities, | Mi istrict. ' . | While a publicly owned railway may| While 80 far as: Markham is con- have 8 Day higher Wages to its ording ceed, the Metropolitan may possibly Bt made in.the Sprng. an ary. yees and give better, more | come here, it will be only a stb line: a * i be Syriogs and frequent Aud Cheaper saivise than thetand there will be no relief. for. goints: Uppy 5 private railways give, yepusia gost of further away from the City for 'years: ".-fits management, moti i and tycome. We think that wé are war- other expenses which rw SNP "con: | ranted in saying that Markham almost siderably will be greatly redu . com | unanimously wnalietably prefers. the" ; | pared with the private companies and! Hydro Power and' the Hydro Railway' d been formed where the the actual cost of operation under the 'to any private line, and will yield all pT CR {Commission will in the resilt be very its support to these Public undertak~ per; ofcourse, would. be rautisl' ows, There will bea av lings in which it will be a joint owaer, sugar, ing of about 7 per cent in interest and, even if any private 'line enters. here. I. To. | dividend charges; which with economy' If one come, it will do us no harm; 'to. Jin cost of operation 'gives enormous for we will have a third railway, but advantage toa Municipally owned line. it will-hardly be a paying line. against agi she pnt of she; sesic' ow Sng werem, ok e Hydro Railway, which is assured. rom this, the" Act provides for Municipalities is- Markham"s interests dre those of the suing 40 year debentures in the pro- ad acent municipalities. furthur from portions fixed in: the "agreement with the capital and: our willage 'wil be {the Commission. = This means that' a loyal to the interests of the whole dis- * payment.of less than 136 a: year on trict, and to the ever growing: public account of principal added to the in- ownershipeconomy. The Hydro Power terest on the debentures 'will pay off while still an infant is unusually. suc Jail debentures ini the 4p "years, when cessful and growing rapidly, A Hy: the cost of the whole railway will have | dro-Electric Railway system which js been paid and the Miinicipalities will now being born, will move with even own the pactakion p In other Sarda | Breater pidicy, give greater satisfac- HL g.1 34 'per cent for princi to tion and success, and doubtless in a to mill and then | 4% oe et for interest, 'which will {few years will cover old Ontario like & : dump. their' corn probably be the rate if money does, net work, giving its populatiou facil- sump SO Tnot become easier soon, makes. the | ities and rates better awd cheaper than ! ; (2 MHST Jrotal charge for principal'and: interest 'any other country under the sun. amp." 5 Air' made. 8 per cent per. annum, *hieh 18 "what | e---- samp. Ww make great Johnny the private companies pay for interes . Dogan greg Joba bese on the proceeds of their. bonds! High School ; _ I without taking into consideration ans os meat, but ne sr cent for dividends ! Entrance The examination in Reading for : in - 12¢1 Hight School Eutrance will be held in | } ] 4rge | the school building on the forenoon 'of xy large item Of Cost. Wednesday June 18th: Candidates linie the' authorities of are requested to be present atig o'clock K us will be| The written examination Commences t City and the "Ruralf ae ; 1 in the. afternoon of the same: will-not 'have. 10 payday, ; borrow the Star from a neighbor we o | know he appreciates the paper. * It is * the | really: unecessary for him 'to say he to 'enjoys if so much." His actions to-1 speak louder than words. At 'the 4 [Sametime he is being sociable with 5. | bis hbor and is apparently 'saving: 0 pe We. suy apparently catse'he 'ought to be able to! make re than $1.00 per yeaf.in the time" Spends borrowing the paper. armer: hospitable people and { em. 1 consider it very se borrowing. heighb ta