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The question of the moving of the plant will come up at the next annual meeting. Eva-x-ystockholder. whether {beholder nt one 31.4“ or five hundred, should guard his own interests, in con- nection with the matter. We are not going to dictate to the stockholders how to cast their votes at the annual nesting, but we do implore them to fit all possible information on the djeet in time, and notto surrender “I powerto vote one rayon-the the National Portland Cement 00. he a right to make demands, and we have a right to expect fair explanation and fair courtesy at the hand of the Directors. The Company will tell us we have no business going into such matters. Do the shareholders think we should pre- serve our silence on so important a question? Whose money built the Durham Cement mill? Who should know how the money is being used? Are the Secretary, the Superintendent. s few Directors, and a few understrsp- per-e, hirelings of the Company. are they. we ask. the only ones whoshould know the Company’s business, and what way the funds of the Company are being handled for the shsreholders? We think not, we are convinced not, end we know that every common sense fisreholder is going to agree with us on this point. We, as shareholder of of the stockhoklers. \Ve publish the resolution with much cheerfulnesa but we regret tn any that we consider it a. pure Mind, and knowing that other 18 T1” Holiday Gifts that are Sure .â€"â€"to Pleaseâ€"1 Durh MHAM CHRONICLE to the lowest limit in order to clout out the bulk of the stock. of the beauty, novelty and real worth of the goods, or the com- pelling power of our low prices. Everyone wishes to give gifts thst please the recipient and we make it easy to do so. We do this by standing the widest selection of desirable gift goods of high quality and by selling them at a lower profit than ordinary dealers expect to make on this clue of goods. In fact. it will be impossible for us to carry over much of it and have nous. Toys. Gnu. Book», lino", latest Luther Goodl. Smokers’ 6006!, Cut Glass. China, Art Wares. Pictures, Box Papers, Fountain Pens. Gilt r 1: Copper Novelties, 51;: ~ ‘T;:r, Trrâ€"velling Sets, Aibnms. Bibles, Hymnals. Japanese Novelties, ancy Goods, Playing Cards, Desk Accessories, Christmas Cards and Booklets, Confectionery. W. IRWIN. Editor and Proprietor. Druggists and Booksellers Fine Toilet continued from page 1.] NY cur rut must > Z_$$mw :4 6mm ERICâ€"m. NOV. '905 “'9 now give the. resolution sent in by Secretary Ehrhardt, which reads as follows :â€" Em'roa CHRoxICLE, DURHAM: opinion is that it would be a huge piece of suicidal madness to allow the it can be clearly demonstrated there is no material in reach. In regard to this matter we may say there is no scarcity, and from now on till the mat- ter is definitely settled we are deter- mined to prosecute acampaign for the preservation of the National Portland Cement Company’s mill, of which every stockholder has just reason to feel proud. ”We have in this article demonstrated we think very conclusively that the earnings of the Company during the present season has given a net profit sumcient to pay between eleven and twelve per cent. on every dollar for i which the mill was capitalized. Why then, we ask. should the Company de- sire to move? Why, we ask again, should the stock of the Company be quoted in the unlisted stock of the Toronto Dailies at 16 cents when it should, according to the present value of money, be away above par? We ask again, is it wise for those holding stock in the Company to sell it out at such fabulously low prices in the face of such an earning power as we have demonstrated by the earnings of the mill this year? Is there a nigger in the fence, gentlemen ? Is there a con- certed action on the part of a few sharks to bear the market and crowd out the small stockholders? That quotations a year ago should be low is quite evident in the face of the Company not making as much money as they should. This year it has been a gold field and yet the stock is quoted low. Hang on to your stock, gentlemen, bounce the opposing element on the present Board of Directors, if need be, bounce every- body not in harmony with the Com- pany’s interests, and replace them by other nwn who will best serve the in- terests of the shareholders and keep the will on a paying basis. The following resolution was unan- imously carried at a meeting of the Executive of the Board of Directors of the National Portland Cement (10., Limited, held in Toronto on the 16th day of November, 1905. "It has come to the notice of the Executive of the National Portland Cement (30., Limited, that a committee has been ap- pointed by the Town Council of Durham, to ascertain locations, quantity and quality of marl and clay in the neighborhood of Dur- ham. The Executive of this Com- pany are much pleased to hear of same, and express their desire to cooperate with such committee in their endeavor, and will be pleased to furnish such assistance and in- struments as they now have to further the object at the earliest possible moment.” The Executive desire that the above be published in your next issue, which no doubt you will do with pleasure. Thanking you in advance, we remain, can he mken away will not he worth, ' it is estimated for purposes of moving, : 11 me than >3 A1000. How then, is this 1 company of adventure) 3 going to get! the new mill going. '-’ 'lhey expect us 1 to whzu-k up .1 gain, and float new stock. Is the promotion of cement mills in Ontario to-day a huge success? \Ve say not and as an instance by way of illustration we may just refer to the mill at \Viarton being now at a stand- still. They are unable to -aise the wind to complete it. So it willhe with a 111111 on the Niagar' 1 frontier, and we can easily imagine the reluctance with which a level headed man would put his money into a cement plant that, from the first was to be equipped with second hand machinery. GENTLEMEN,-â€"In reply to yours of the 16th containing an offer to co-Oper- ate in looking for marl and clay, I am instructed by the Committee to say we have now completed our investiga- tions and you will no doubt be pleased to know we have found both marl and clay in sufficient quantities to run the mill for at least fifty years. Both ma- terials have also been analysed and our report shows them to be suitable for making first class Portland Cement. Yours truly, Yours truly, THE NATIONAL PORTLAND 031mm 00., Limited. J on}: Enmunn'r, Sec’y, Dr. J amieeon, M. P. P., who is Chair- man of the Committee appointed by the Town Council to investigate for marl, received a copy of above resolu- tion to which he made the following reply :â€" Durham, Nov. Mb, 19%. THE Dmnc'rons. NATIONAL PORTLAND 01mm 00., Dumum: In the event of moving the will let] us say we have a plant here which cost ! the 'Compan y somewhere in the neigh- horhood' of seven or eight hundred thousand dollars. The foundations and other heavy structures can not he ' rmnoved. The machinery and all that | D. Jamsox. To begin at the beginning. and to put it in a nutshell, let it he said that the National Portland Cement Co. was organized some three years ago with a capitalization of one million dollors, of which no less than $250.- ,000 went to the promoters, a mag- lnificent plant was established at a .cost of $600,000, a five mile railway iline had to be constructed and the 5power house and plant alone cost $100,000. This expenditure was érather above the calculations and i considerable liabilities were incurred. gBut better times have come with the gincreaae in recent years for the use iof cement in building and other oper~ :ations and while, at the beginning of l this year, there was still $130,000 of éliahilities, yet of this amount only $320,000 now remains unpaid and it is ihoped to clear this off before the end ‘of the year. In addition $43000 inter- !est has been paid. Durham, Nov. iiiâ€"(Special )-â€"Alo leging that the deposits of marl in ;this vicinity are becoming exhausted ignoring the fact that the mills are prospering now in the fullest sense 1of the word. and refusing, it is open ly said. to be shown absolute proofs of the absurdity of the contention that the supply of material is not suficient for scores of years to come. and five ol the seven directors of the National Portland Cement Company of this place, a month ago. announced that they had reached the decision that the time had come when the company should change its location. Whether that decision will ever be acted upon is problematical. There are 1800 shareholders scattered thru out the province, and it is likely that they will demand to be shown why. Already thelocalofiicers have receive (1 a sheaf of letters of protest from shareholders who have heard of the intention, and it is easy to predict that when the annual meeting it held in January or February next, and the question of 1emoval is broached. there will be lots of explanations (1;: manded. ehle, ell of which may he reached from the company’s property, it. is claimed, eh e compuetively smell [Continued on Page 10] “ In one place a large bed Wu dis- covered twenty feet in depth end be- low thnt more were nine leet. of good clay. Hundreds of acres ere unil- Before it was decided to erect the mill here, a very exhaustive survey was made of \Vilder’s Lake and other lakes in the vicinity of Durham, The reports that came were simply ex- cellentâ€"that sufficient marl to last several years was easily in sight. A BIG SURPRISE. In view of all these roeeate faCts, it came as a bombshell to the town when it was annoflnced that the marl supply was giving out. The town contributed the site for the mills, and has since then pinned its faith in future greatness on the prosperity of the company, and the town coun- cil appointed a committee consisting of the mayor, Dr. Jamieson, M. L. A and Gilbert McKechnie. to investi- gate the claim and refute it if possi- ble. Mr. McKechnie, who is also treasurer of the company. is opposing the removal. So is A. F. MacLaren M. P., of Stratford. The other di- rectors are S. G. McKay of \Vood- stock (president), J. Cobbledick, of Exeter; Valentine Ratz, M. P.,of Parkhill, J. T. Cline of Stratford, and J. W. Scott of Listowel. The hold- ings of the directors favoring the move are comparatively small, those of President McKay, it is asserted. being only 3500. There is 1800 shareholders in the province who participate in the allotment of the $750,000 in stock which was placed on the market. W. F. Cowham. the promoter, who received $250,000 for his work. has perhaps 812,000 left; the rest was disposed of, a portion of it anyway. at a premium. Since sometime in the summer, when the rumors of the marl giving out were first circulated. the stock has dropped in value from par (8100) to 816. However, when Director McKech- nie made a request at the cement factory for the use of a boring augur, he was refused. The committee promptly had one made and placed in the hands of A. Davidson and S. McComb who went at once‘ to the small lake north of Wilder’s Lake one mile. and began operations. The lake with marl-marsh surrounding. is estimated to contain 30 to 35 acres and by samples of the marl brought home, the stufi is of No. 1 quality. The following is taken from the Toronto World of Friday last. pnovm man’s runny mum. The committee eppointed by the town council to look for marl in the neighborhood so: promptly to work. To those shareholders who may hsye been stufled with false reports regard- ing the marl supply being exhausted we hope this article, and we believe it s true one, will inspire them with hope and confidence in the future prosperity of the National Mill at Durham. In connection with this outline we append an article which appeared in the Toronto World on Friday last and also a second Open Letter from Mr. Robert Cochrane, shareholder, of this At present, and for some time past the mills, which employ 100 men. have been turning out 1000 barrels a day. The output last month was be. tween 35,000 and 36,000 barrels. which would yield a. profit of $700 a day. If it had not been for the lie.- bilities. a dividend of 10 per cent could have been paid this year to the shareholders, it is said. DURHAMCHRONICLE LARGEBTAND BEST STOCK Big Jewelery Book Store DURHAM. . . o This week we show an elegant line 01" R. B. KEELER 81 SONS Watches, Clocks. Jewelery, Rings, Silver were,Spectscles Eye Glasses. Carving Sets, Musical Instruments, Fancy Chins. Toilet Csses. Trsvel- ing Cases, Albums. Heir Brushes, Clothes Brushes, Tooth Brushes.Pipes.Purses, Well Papers. Eta. Etc. New Goods It is not a usual thing to reduce the price of'Millinery so early in the season. We want to clear everything out, however. and up to Christmas we will offer any of our trimmed stock at a great reduction, WE WANT TO SELL THESE HATS and are offering them at a. low price. Lambton Street, DURHAM, ONT ’ DARLING’S Ladle Letter and Card Cases. ’ Hand Bags. Purses. Wallets ’ Portfolios. Cigar Cases, Music Rolls. Toilet. R Us, 'l‘l'uvvlliug Cases. Toilet.“ CasemShawinu Sat Cases, Military Brush Cfis‘t‘s. Etc. 310. $10 LAT DES.) STOCK 151:1“ .' PPXCES Bill Books, i l .. _ __ ._.._....-<.-.. L »-â€". DARLENG KEELER’S . . Big . . Millinery Sale. SEE T HE .LA'l‘ICST IN Suitable for the Holiday Season Leather Goods HAND BAGS NE w STYLES, N E w I JEATH E R, FAIR PRICES, GREAT VARIETY Soleugeut Stewart’s Delicious Chocolates and Bon Bons Arriving at Keeler’s every day from now till December let, when we will show you the We are selling beautiful hats: that. were $2.5). and $3,00 at. the best value for the money we have oflered. Of Christmas Goods that ever entered Durham. MISS DICK The E’eoples’Druggist IS THE PLACE TO BUY Drug Store. Big Jewelery 6: Book Store To Cal] At Any Time You Choose ONT $1.25 The Chronicle Leads for Advertising pursuant to R. S. O. 1897. Chap. 129 Sec. 38 and amending Acts. that all persons having claims against the estate of the said Alexander Pollock. who died on or about the 5th day or” October A. D. 1%. are re quired to send by tprepaid. or to deliver to J. P. Telford. ome Town of Durham. in the County of Grey. Solicitor for the Ad- ministratrix; on or before the 24th Day of November A. D. 1905. their names. addresses and descri tious. and a full statement of particulars 0 their claims. and the nature of the securit . (if any) held by them. duly certified. an t after the and day. the administra fix 1 proceed to distribute the assets of the deceas- od menu the. parties amides! theretomvinx on among we parties epuuea thereto.having ygmrfl only tgtho clams of which she shall “130 ha ve 'notice: u m“ _..., "- Dlted the 19th day of October A. D. I“. ELIZABETH POLLOCK, by her Solicitor 10/261“. J. ‘ P. TELFORD. In the latter of the Estate of Alex- ander Pollock, Late of the Township of Ecremont. in the County of Grey. Farmer, Deceased. OTICE IS HEREBY GIVEN, pursuant to R. S. O. 1897. Chap. 129 IN THE SURBOGATE COURT OF THE COUNTY OF GREY . PEEL the Shoeman CCCCCCCCC Baas Rubbers. The Gordon Jewellry Stock Watchmaker. Now is the time of year for good Boots and Rubbers. There is no footwear that has or will stand the test like Peel’s Hand Made. Neither is there any pl' 00 of business in town til it has given the s -‘tttistaJ tion in rub bers that Peel’s Shoe Store has. We defy competition in hoth quality and price. We are very busy making up orders in our Du rham store just new, and will be pleased to give your orders undkepairing our very best attention. OU ought to look through our stock as well as into our window in the light of an investment and the more people who do so find that our preaching comes trueâ€"“It pays to pay for quality. Where you can depend on having the best attention to all details of helping you to select, whether small money or big. We guarantee perfect satisfaction. . LL". Get Your Xmas. Gifts A. GORDON Mad e to Order. Jeweller. 828. 830 3nd ...... $37.50. A good an” of Cnpor- in” t For Bul- from 82 up to. . . . 810.50. Man’s FurCouto, for Ludiel’ Fur Cont. gt Splendid Values NOVEMBER 23 1905 For Men and Women Stmdfield'o All Wool Unuhrinkable Underwea- GRANT In Fm: Opticiun. “[10 OFFICE. TORI)!" N P. REID. .. ~ MAXA was in :11 pm!“ Pom" unreal unuwed on Savingp Bu 1nd“ of u and upuurds. Pl “tuition und onry mun, an" ‘ultouwrn living u a distance | «men! Ranking business tl -p¢| [Hat's inelwd an! oon mdg .m all puiuu D'pns'w .40“ “d inlets." unuwod I‘ rent rater O‘Or Mini Authorized“ Pad Up ..... . “our" Fund . . .. The good wife of the house‘ like: to have good Bread. ‘ nest Breed is to be bad at ‘ The whiten. aweetest e heelthful (nude. No hue ever find (salt with Sciueon't We turn out. 3 first-clam whether it'e Breed. Pies 1 and give Ipeciel etbeution A FIRST-CLASS LINE Goods away: on hand. W. D. CONNOR Pumps Of all Ki' Galvanized and 11' mg; Brass, BMW and Iron (‘ylinder 4-. -.u Ml REPAIRING promptlj orly “tended to. Min “3011.108 Uil. llama: Axle Greaae and Hintmem, go to S. P. SAUNDE THE SAVINGS BARK DURHM F0 Pumas from $2 ul open MODEL BAKERY CBCCOIDGI'S . Stin .vgr y cltern Tim durum-m! COPY