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the' it: pra life plea the To alo 01' ha (r: WI _- Th» 'I‘oz'y agitation on the Timbpr Question has formal the. Hardy Gov. tern-u u: to take action, giving: at lmwl a measure of rmlress l0 Cana- dmu mlnhermen. The Educational mismumgeumut too but bran so vig- orously denounced U); the Opposition that on the eve 0f.:\u election a some? commission. favorable of coursu to publishers, inthigated the matter(?) uud brought in a finding. inceudvd to show that. Mr. Ross vms not a party to mismanakamcuc. In July 1896 u mama» of 25c. onthe set of readers couplad with a dam-1nd for better workhsabiuntittu the ground ukeu by .‘r. Whitney thu tholxoverum'em oi "Mano wu blinding an 9500!)“ of the province to gutmhflmpytgliqh erm- Bm . ' .o-"ivigeomitébr we may say that he entered‘ deter- minml to do everythingr openly and above board and win the election on the nwrit-s Of a fair presentation of the issues of the day. " don’t Lullt hel'ure the public, we may say that Dr. Jamleson first apprOached \lr. .‘Jurgun on the question of hav- ing joint meetings of the three can- cliilhw‘s. To this Mr.‘ Morgan’s fz'lcencls would not. agree and the "combination” of Lwo instead of tln'o-e iii the result. I): Jamivson and ‘ur. \lchichol are too well am] too favorably known to have public confidence in their integrity” infln vucesl by any petty insilmations that may be promulgated by their politi- cal enemies. Speaking; for the Dr. wee-k’s work at Dundaik on Friday This " combination ” as our "Libe'ral friends are pfeased to call it, is not The \lcNichol- Jamieson joint mnnt iups w: 11 na held next week in Proton toxxnshin bevinnine; on Monday at Cred?” \ ille and finishing up the Mr J. D. ‘1101 mm had amneting at Ha1111111~111 on Saturday night. 1115: about (1111’ being present, including Sp111111131s.G1its,'l‘ov1es. P11110113 111111 b01s.'l‘h111‘e was little 01‘ 11061111113 ins111,111111 for a Libe 1‘111 Stronwhold. tho 1.111111183 for Mr. Morgan :5 success 8111911111 very shakey. Mr. White- forl was chi111‘m-1h. The Liberal 1111111111913 were Messrs. Wengm‘ of Ayton, Morgan the candidate, and Caldvr, Mayor of Durham. Dr. 11111111133011 1‘: S represm‘ited by Messrs. L11i111111v of Durham), '1‘131fo1‘d and Ball of Hanover. 3111‘. Morgan up 1111101 about half an 1101113111111 with “1‘101‘101111” Grit figures made the old time Reformem believe there was a surplus in the Ontario Treas- Ur'y. As a speaker the can} d we is not a success, but is devvlogwbing in (In-it orator) , which. consists mostly in the abuse of Federal Tory politic- ians. There was no one to represent. formal from evil designs on the part of either candidate, as has been in- sinnufiml, no d0ubt,dvith a view to wuake sing their chances in the election. In ordar to set the matter mum» :‘s The mé'e'i Jamicsml. inns. There was no one to represent. the Patron candidate. Dr. Jamieson has held meeting;N at LouIsre. Ehnwood, Allan Park. Ay- ton and Neustadt, with mus’ PITCOU!" aging: IPsIIltS while Mr. McNiuhol. “no isholding joint meetings with him has so far met “ith only fair PYII'Ptllitg, 'wment. The meeting at All III Park 0:: Monday night, was attunded by uhuut fifty, and had tie weathm be." mar. favomhle the attemnlnnce would have h on much beILeI. MI. H. H MIHM‘, of Hanover, spoke in Mr Morgan’s behalf, while the Patron cause was advoczuml by Mr Marshall, of Ulwsley. Dr. Jamieson and Mr. C. .‘II.Iffz-It took up the Conservativh cans». and from the sny'Ip'Ithy 0f IIHIIIW :‘s made some good points The IIIc-e'iug was almost, Sulid for Dr. ”on W forcpd pduuzu the CC comes Hardy can back down easily when it. suits his: purpose. or when he can’t imip hinmulf. The withdrawal of tho” L‘n'd’s Day Bill shows his prefer. cum: for votes to Sunday. His ('hdngu of front on the Timber Ques- [inn was a mere Cause of " have to ” forcm! upon hEm by .W‘Tlli;ney and an vdlhmlvd public opinion. Thanks to Mr. Weaver stated at. Hampdpn t‘mt an 9501‘}. is being made to in- fi'tHllttt’ thee electors against Mr. Mor- gan on account of his l'eliuionsiwlwf So far :29 we are concerned we know nothing more than that, Dr. Jamie-- so. wuards no man as a (fiend. who attempts to sir up. sectarian pl‘ejllt} 369.8. J- .5 the Imaurces of THE CHRONICLE. the province. and us dirt-o3: taxation ve badeuwl' farmer ly “'th (I) They show as part of the rev- mme. available for ordinary GXDUIld hurt) for cni‘i'cnt pin-poms. the man ey raised from tho Sail-c of annniiirs. or lllU promissory notes of the prov- ince. JUSL as Well migli.‘ a. Ul'fl'lzilzllH claim that the proceeds of his own note disennnteil at n bank was at prof. it of his business, which he would b» JisSiifieil in spending for li\i;1g 01' personal expenses. {3) In presenting the financial condition of the province the. Gov- ernment gives all the assets. every- thing; is brought in that is available to pay debts, but insmnd of placing: against the \VilOlO 'of tlw assms all the liuliiliti~ -s it places only the dubis plesien lv pay able, by doing; which ii shows falsely, a surplus of anaets over liablitie‘s. . Wouldsnch precise-(l- ings be tolerated in commercial af- fairs ?~ Say that a. railway company is endeavoiing to effect 1110.111 on a. second 133m: of b01113 Financial house-s to whom the bonds am am: ~1- ed for sale ask for a statemsmt of the company’s financial position. It is furnished; all the assets are incluJ- ad, but tho liability on the first is 9116 of bonds is omitted from the statement of debts. Asked the (iii 30113.11. chili}. lute and bland reply 1- aivnn ' “Oh 111.980 bonds and 1191 press. age-[y {p.ynbhy they will not. b.4139. Ion dmywn, ml 911‘; thy-gore fed! ’~ii£b1i1cia§qon.?fiifuh ul- 01.55:” ex K'i'e1i t met-chum 'l‘he impostm‘e which I ma suppos- ing on the part of the directors of a company is that which the Ontario Government are actually practising. The financial sm.te:nents Which they publish are not true. " .\ statement of this character will not claim as revenue or earnings the proneeds of a note disct muted or of land sold; nor will it in giving the present finmcial condition of the company arrive at the result by showing- all the assets and dedtmtine from them only the debts payable within the year, An attempt at such deception on the part of a Board of Directors would be proof of trickery for a purpose. and its exposure would be followed by expulsion from office. The people of the province are in a similar position to the shareholders of aj-iint stock company. The latter commit their all-airs yearly to the nmnngement of a Board of Directors. .md at the end of the yeer *hey cozne together in annual meeting {or the purpose, mainly. of examining and discussing the balance sheet. Collett- eral matters may be taken an. out the financial statement. showing the revenue and the cost of working. and the assetq and liabilities. are the subjects about which tln~y'are chiefly (3..)uccrued. At such a. int-«ting the shareholhers exnect to have plnceil in their hands anl unless it be acorn- pwv after the tvpe ol' Postmaster- General Muloch’s Loan Company. they will have placed in their hands such a statement. clear, comprehen- sive. reliable. and easily um’lerstocd. The financial condition of the prov- ince is in my judgment the question of all others that should he discussed in the press and on the platform du- ring the campaign presently to be en- tered upon. If the people are only shown the actual condition of the fi- nances, they will. I hilieve, make a change in the administration. It will devolve upon the Opposition to make the state of :ifl'aii's manifest, for it is evidently the purpose of the govern- ment, to hide it. (laws who are pledged to support Mr. Whitney. to whom the Country is al~ ready indebted for a snvix g of thous- ands of Jollnm every ~rear in thee-mt. of school books alorw. Dr. Jmnieson :3 the mam to whom we must look for help in South Urvy and an Overâ€" whelming; majority {or him on the first of March will Show our determi- nation to look after our best interests“ 420. on a single St‘t ofa'endcrs. Is if m sonable to exp-cut, that a ratlonul. fre-u anal indupundent electorate is oingto submit to such oppressive tyranny when the. facts are known. We think not”. How are we going to ln¢'lpol11'$él\'es? Simply by the ex- cruise of the ballm in throwing in our influean in favor of the candi- a recommendation that further ref-r ductions of 25 per cent. be made on Some of those still in use. To’vi'horn shall we give credit for the thanands of dollars thus saved every year to parents of this province? Certainly not to Hardy and Ross No thanks to them for acting when they had to Even yet. the prmes are too high. The actual cost of producing the series of readers to the fothh book inclusive is less than 510. Add to this 20 per cent. {or publisher’s pl’UlitS and :20per cent. for the re- mile: “and the total Value of the series named. to give a reasonable profit. slnu'd be 73c The present cost is 31 15). In other words, the. Govern- ment protection of [n.uhlishing mon- upolists is bleeding: us to the tune of the prices to remain at. the reduced figures fixed by Mr. Ross, but make THAT BOGUS SURPLUS. aié‘r «0545:12er «fl ..I.I. Whitney pledges himself that if we opportunity is given him he will curmil the exDenditure of the province and keep it within the in- come. That can easily be done with. out. afieetiug injuriously the adminia. tratic’m of public afiails. It. is here that I would emphasize the necessity of a. change of managers The party in power is committed to a continu- ance of the extravagance that will make It. necessary so raise a part of the revenue of the province by direct. «xenon. The other‘ party is pledged to to rotor m tfiefiuwciai'flniniuru tion . um . direct madam - will... . not AM (31180. a ”lllliU” of doll It's in that time. Either direct; taxation or the creation of wealth after the Government’s pa' cut of Selling annuities is the only relneil v if Lhe present extravagant, rate. of eandzmxe is maintained. 'l‘uac Mr. Hardy’s Government intend to continue their pace is apparent from the estimates jiwt passed by the Legislature OIL-their demand. 0n the plan of the Governmentany man who can borrow money for a period of years and have the pay- ments tlivitleil into a numberof small amounts coming due at intervals in the fut ure may declare that he has a surplus. For example, a farmer bor- rows on a Inortuuge $4,000 for ten years at six per cent. The first year’s payment is one-tenth of the principal, 55400, and interest on $4.000 for a year, 5240. making a total debt to he met the first year of $610. Now, following; the figuring of the Provincial Treasurer of On- tario. the man is justified in claiming that he has a surplus of $3,360. Did he not receive from the mortgage $1,000 in casn. and is not. his debt "present-y p iyahle.” to use the Pr0~ vincial 'l‘reasurer’s now celebrated commercial phrase. only $640 ? This means of creating wealth beat-s any- thing in Adam Smith’s wcrks, and would be a new and interesting study in finance to such authors as Jevons and Nlacleod. White I am referring to the Doni- inion Year Boon I may mention that in it the Province of Ontario shows for 1896 a deficit between revenues and eximniiitures of $212,708. AS the figures are furnished ofliciaiiv. doubtless the best showing possible was male. Gentlemen in Opposition in the Legislature prove that a much larger deticit existed in that year. But if we take the sum acknowledged as about the annual shortage for the past five years. since deficit-s began, we have a total of considerably over Ican see there, Stated plainly and liont-stly, and in a business way in hemlod columns, the assets and total debt of all the provinces butOntario. Every province but (urs owns up its condition Ontario shows for 1396, under the heading ‘Railway liabili- ties p'iyable in the future, extending over thirty years’ $1.996,953. and in unothet column, antler the heading 'Sni plus of assets ovm linhi. ities Dres- entlv payahlo,’ 51,783,080. These are the only columns. The debt rep- resented by the annuities is not even men Lioned. by theDominion Government, called the Statistical Year Book ofCanada,’ for 1896. ltiud atatemen's of debts and assets of the various provinces. I have searched in vain through the public accounts of the province for 1896 nor a statement of its assets and liabilities. In a hook published Municipalities are peremptdrily in- structed not to deceive; that proceed in" the Government xeserves Special- ly to llSL‘lf. The people at the cum- in" elections \\ ill Send the necessai y ci1cul: I-1 uf ilISl new US to the GOVern- ment through the ballot boxe- lair practices and escape the penalty? It is lamentable to think that the men who rule this great province, who in private life and in their ow'n affairs are all honorable men, should set such an example of deceit in pub- lic financial matters for political pur- poses. I Say deceit deliberately, and justify the word by a circular issued by the Government itself to munici- pnlities in the _\'enr1897. ' It is dated at Toronto. July 5111. and is address- ed to hit nicipnl auditors, instructing them in the requirements of the stat- ute and of the Government in the performance of their duties. and in making returns to the department Paragraph three says: ‘Dehentures linhle should Show the whole amount of each debt outstanding. and not merely the next payment {or which. taxes have been levied. credit‘from a. wholesale house. He ”in asked for an exhibit of his assets and liab lities, which is produced. Apparently he is in a flourishingcon- dition, as he shows a large surplus of assets over liabilities. The whole- sale man, desiring to verify the fig- ures, sends an accountant to inves- sznte, He reports that the man is ac- tually insolvent when all his liabili- ties are placed against his assets. The statenmnt he exhibited, while it showed all his assets. showed only the debts presently payable. Ordi- nary Stam‘lzu‘tls of commercial moral- ity would declare that the company and the merchant guilty of such (le- ccption were dishonest and fraudu- lent. and deserved to he punished. Can A govermnvnt be guilt) of simi- Cheapex't wan to send mdnéy in by b.0131. if; ‘prm Money Orders. tom put- of world.‘ Next to Bank. Ageutfor Dominion Ex 088. Be t Oheapext wax to send "long; In by 00:» F...‘ u nnnnn l ‘n 1....- A XMAS FRESH-HS. Hay .................. Butter ........... .. . Eggs per dnz ........ Apples. . . .per bag. .. Potatoe :. . . .per bum. Fluur per cwt... . . . . . Oatmeal per sauk . . .. . (f‘hup pcr cwt ......... Dreesed Hogs per cwt {{Mm :._ per lb ..... Hidflfi .. [K Sheepskins Fall Wheat. . . qnrinr \Vheat Oats .......... Peas. . . . . ..... Barley ........ cnly not come. but will not, he need ed.~ Would the shareholders of 1 company hpsnate to put a new mm: ug‘er in charge under similar circum stances? 2W4 ’4). IA 4.7 \x. 5”; ‘ s 9 >3"I‘ CLOCKS and SILVERWARE a Full Smck. W.’ A. MACFARLANE. “'EDDIN‘J‘ RlN k.,and10 k. ,an) A Fine Line of ‘rvv-n' WATCH or RING." \Vatclws from $22.50 up. Ringeâ€" Solid Gold from 8'3 up. Also have them set wi'h Diamonds. Opals and other Gems. What is 34.3. Mg xwvgmmggv swag/«a 21v ,E’mrtj. 2.. l +0 Mm‘ke Sold at 100. and nutter than full y xequestcd to call at che and seat their accounts by CASH. NOTE, « PRODUCE. We need the max“ CY a: must have it. CHAS. MOURTR UR, Daria-:2: RUFUS v .3... 56. . .35 Sr: £51.»?! $2., «9.1 at... .. r. .‘o. as, KINGS in 18 k , 14 any price you wish. of Sterling Silver Goods. All those indebted to me are a GOOD (5.3 83 to NOTICE. to to 6 t0 to h) w, 4-?!» Am C a Bottle, Only at S. 0111‘ Styles are the Nun»! Cochrane’s Old Stun-7 Lower Town, - ! The Goods You Want! John Living JU CII HOLIDAY JEWELRY. Sewing M achin <5 .- , r galls, 010., “and guarantee the beamâ€"â€" Woodstock Wagnns and 5:83;]?33. Horse Powers. : “utters, Root P!" Grain Crush ers, W 6 also keep a full Btu Show Ronms oppn Saturdaw. l and other public «lay» --â€"â€"-Licansed A not ion on Insurance efiected at 1m rates in the Earmm's' h" ana Bruce Fil’thIISNl'flh' . and the Northern [Usum 00., of Euglaud. Also Agent {or the ce and best on the mm'Iu-r. You can save monk} by buying om- R’OOdB. It is more [blunting ‘0 visit our Store and examinf’ our large and complete stock of Silverware, Watches. Clocks, Flatware and Jewelry 4“. line and everv style, SM. with Diamonds. Pearls. 01an and other stones accmdin; to de- 1‘80. tnd will be found the Nuties‘t and Most Suitan GOO“ on the Canadial. Mark“. “’0 have it. in NW." b arm Mzummm'j all kinds inciudi UPPER TOWN. ‘ 4.} Draw . Than to viait a minim-x Opening. 'V d mss‘vN-"a ;. resvec and Ol‘ \V l '0! I! m. 01 \\ quantity to b was exploring Henry O'S-ull 'u find. an tin ”it. white Us newly-(ii Mo. it m; an: d 701 More ('01 Willie of En no “wish fir. Mann-1 8 GREAT ty finds Boll Tall} of of .ra 0f