West Grey Digital Newspapers

Durham Chronicle (1867), 7 Dec 1905, p. 4

The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

The profanity indulged in by one of the officials in presenting his report to the Board was highly abhorrent to any sensible listener. It was clothed in such language that no one could help feeling that the whole thing should be discredited. It was not dang, but downright profanity, and we think it would have been much to the credit of the Board if an effort was made to check the omcial referred to in the report he was presenting. The ”I repreeentetivee were cautioned theorem] in giving their reports, “to be fair end honest in eeeounte ddohpbythefioerdontheoecuion. 'o-odweyefdrendhoneetend thhetweglveonttothe tion. He says :â€"-“We passed areso- lution:â€"‘\Vhereas it has been shown that the marl supply is nearly exhaust- ed, we deem it in the best interests of the National Portland Cement Co. to Iearch for and find a suitable location for the cement plant where sufficient raw material is to befound.’ " It may be that the Board intends to draw the rock from the Niagara district and let the mill remain still in Durham, but we have very grave doubts in the mat- ter, and we think that stockholders will not be so uncharitahle as to charge us with wilful misrepresentation if we did insinuate that the resolution on the books of the Directors had a reso- lution “ to move the mill." Durham, Dec. 7, 1905 [Continued from Page 1] by Mr. Cobbledick in his letter they must come to the conclusion that we didn't draw very far on our imagina- It was at last decided to leave the matter to an independent investiga- tion. but the members of the Board, the Superintent and the. Chemist, Mr. McKechnie being the only exception. pointed to De. Lane as the fit and pro- per person to make the investigation. Kr. McKechnie thought because Mr. De Lano had some connection with this mill during its construction that the stockholders would be better satis- fied to have an expert who was a thorough stranger to all the workings of the Company. At time of writing there is no definite decision. DERHAM CHRONICLE The goods are all this year ’s importations and in clude Albums Leather Cam Fancy Gilt Clocks Celluloid Cues Purses Perfumes Books Bible: Etc. Etc. We expect to have every- thing ready by Saturday first. Come and see tor yourselves. The wholesale men want- ed the room and the cash hence our good luck, and we intend giving you the full benefit. It means just a direct saving to you of fifty per cent. MacFarlane (Kl Co. and the offer was gladly accepted by us. When in Toronto last week we were offered the very special discount of i off a. fine line of THE DIRECTORS ARE DETERMINED At One‘fl‘lalf Price . IRWIN. Editor and Preprietor. Druggists and Booksellers. Fancy Goods and Novelties *#* Mr. Cochrane. Sir, I have received a copy of the Durham Chronicle and have also read your letter. I put up $2000 of hard cash to the Durham Cement Co. and of course I have received nothing in return. I am very Well acquainted with Pres S. G. McKay and have told him more than once that the mill might just as well be shut down as running as nobody was receiving any benefit from it only those who are running it. 1 am in favor of having the mill where it is if there is sufficient marl at hand to keep the mill running for as as you say for fifty years Is this marl easily got at or would it COSt say 50,000 dollars to get it? I under. stand some parts of the country is very rough and rocky and would com an immense sum of money to build a railroad. I think this company is similiar to most companies, a down- right swindle from beginning to end, and the few big men who are running it get the money and the small fel- lows are frozen or bought out when they get sick and are getting no dividends. The big fellows don’t want acompany to pay a dividend all for apurpose. Same old story. big fish gobbling up the little ones. and generally it is the small fellows who put up the money and the big fellows put up nothing and still hold a controlling interest by being assign- ed a lot of watered stock which never cost them one cent. Unless a man is on the ground floor, he had better be out altogether or he Will soon be frozen out. Much more might be said. but We must conclude for this time. Our ad- vice to stockholders, however, is to fight for their property and their rights. Should the mill be moved away there is no chance of any return coming back to the stockholders. If there is no marl here of “ commercial value” they’ll make nothing. In eith- er case they’ll be equally well off. On the other hand if there is a sufliciency of marl of commercial value the mill will soon be on a paying basis and re- turns will come in. In any event it behoves every shareholder to vote against the removal of the mill. Now I am going to ask you a few' questions. This long letter in the papers: Is it your letter or is it dictated by Gilbert McKechnie? Do you hold any stcok in the 00.? What is your business? Have you a store? Have you any marl beds or- an interesc in any you would like to dispose of (some times there are; wheels within wheels?) Is it true‘ that Gilbert McKechnie got $5000 worth of stock alloted to him? I mean watered stock. Did he sell a, lake to the Co. for 34500 which is of little or no value to the Company? Has he any more lakes or marl beds to sell or an interest in any directly or indirectly? How much does the Company pay in taxes per pear. Yours truly, Morrison Wilson, Woodstock P. S.â€"Ie it true that the com- mittee which was appointed by the council to search for marl has re- fused and does refuse to tell the Cement Co. where they have located large quantities of marl? M. W. It may not be known to the share- holders of the Company that the Board this year appropriate $3000 for expen- ses and salaries in attending the meet“ ings. Each member is to get $300, and each of the three members of the Ex- ecutive get $300 each extra for their additional services. At the meeting on Monday afternoon the Executive. we understand, was abolished, but the appropriation for services was retain- ed by the Board. The Board is deter- mined from all appearances to take away the mill and it is now the duty of every shareholder to rise in rebellion against any such action. 'the cement question or any other: question for that matter. To mks matters worse the man who showed himself so ridiculously profane is onei of the officials of whom the Board! wished to state they had “ the utmost { confidence.” \Ve’ll venture to say" that if he goes to the annual meet-ingi and uses the same language he used last Monday night before the Board nine-tenths of the stockholders Will vote him out of Office. i The town has decided on getting, if 1 possible, the services of Mr. Hassen as a (-euwnt expert, and have suggested him as the man they are Willing to put in the field to report on the marl question. .‘vlr. Hassen Was a great favorite with the directors only a short time ago and there is little doubt but that they will acquiesce with the town and leave the whole matter in his hands. Mn. Wu-sox DEAR SIR.â€"-In reply to yours of the 27th, I may just say that I sgree with you in til you have said regard- ing the trickery that ha been_going on, in the piece that you end I have invested our money in. You think the concern is shoot the ssme es s]! other companies, s down right swin- dle from beginning to end. Up to the present tune I agree with you, s big swindle it hes been. But I difâ€" fer from you regerding the end. I m in hepes the end of the dsirs of the oompsny from this ant, will_ be en exce'ptio'n to the guard rule ad will cone out alright. company to'pgy a dividend. pm. I spin at» with Woodstock, Nov. 27.1905 Durhtm, Nov. 28th, 1905. follows don’t you. and we are all trying to find out what that purpose is, and up to the! present time have failed to do so] Mr. Ehrhardt partly solves the prob-! lem. He says a dividend never will! be paid until it comes from the rockf cement; I got the version of it direct; from himself. And you think it is just the same old story, the big fish cobbles up the little ones, and I think , if those fellows. with your friend the lawyer. at the head of them, succeed' in their purpose, there soon won’t. bei any small fish:to gobble. l There is no necessity of me going! into figures, those you have already { seen in the Chronicle. and the figures; regarding the present year’s business ‘ you may depend upon. are perfectly‘ correct, and as I said in one of my‘ letters, had we not been in debt, thel amount made this year would have! paid you and I a 10 per cent. dividend { upon our investment. And in thet face of this showing. your friend the lawyer, and a few others, upon the! pretence of their being no marl in the ; country, carried a resolution to have; the works removed or rather destroy- g ed. That, I think, is the proper way: of putting it, and upon the strength! of that resolution, have taken uponi themselves to take options upon rock; deposits, amounting, I am told in one; case to 314000, and in another to half. a million. Your mony and mine isl being sunk there, and is still asinking.i As I understand they have a fellowi digging among the rocks at $6 a day.1 NOW. my dear sir, what do you think? of your friend the lawyer and his as- sociates? Don’t you think as I do, that he as chairman of that board should have investigated that vital , question, marl or no marl to the bit- 'ter end, and should have left no stone unturned to find out if such a thing as marl existed in this part of South Grey? But no, he and the others. when that famous resolution passed, the board knew no more about the marl deposits in this part of South Grey, than did the child unborn. they were simply guided in the matter by one single individual, hence all this trouble and vexation of spirit. 5’ THE HOUSE OF QUALITY John appears in the picture, with the little brown jug in his hand, the minister is beside him and says to him, John, I understand you were down at the tavern last night mak- ing an exhibition of yourself. by danc- ing upon the top of the table among the glasses. What did your com- panions think of the performance? Never saw it. says John, they were AnnamONG.â€"In Bentinck, on Wed- nesday. Dec. 6th. to Mr. and Mrs. Elijah Armstrong, a daughter. Scornâ€"In Durham, on Sunday, Nov. mth, to Mr. and Mrs. Harry Scott. a daughter. Gammaâ€"In Toronto, on Thursday, Nov. mth, Mrs. R. A. Grant, (daugh- ter of the late J. H. Hunter). Game-In N ormonby, on. Friday Dec. lat, Richard Goad, aged 69 years. We don’t send out catalogues, but, we get; mail orders from all over the North West, British Colum- bia and U. S. so much confidence is placed in us that we don’t have to send out catalogues with cuts in them. W e also get their repairs. WATCHM AKE R Our immense assortment, with inviting prices, is sure to make you more than ordinarily pleased, for every good kind of a locket occupies a place in our Christmas Locket Offerings. Christmas Cuff Links, plain gold and with jewels. IT is not much to say that a Christmas Watch will be much moxe appxeciated if coming from us. That in itself an assurance of quality. Alwoman may be as proud of her Silverware as of her Diamonds if she’s fortunate enough to possess both. [Continued on Page 8] A Watch for the Schoolboy or Girl BORN. Watches, Chains, Gold Lockets A. GORDON DURHAM CHRONICLE JEWELLER WE sell only that class of Japan China to be proud ofâ€"proud of the quality and the styleâ€"and the line of English Silver-- ware we are showing this Christmas will allow the lady to indulge her vanity to the top round. This week we show an elegant line. 01" Ladle ’ Hand Bags. Purses. Wallets Letter and Card Cases. Bill Books, Portfolios. Cigar Cases, Music Rolls, Toilet Runs, Travelling Cases. Toilet Cases, Shaving Set Cases, Military Brush Cases. Etc... Etc. Sm'r boy wanted to learn the dry goods bushes. Apply at 8. F. Mor- DARLING DARLING’S SEE THE LATEST IN HAND BAGS Suitable for the Holiday Season Leather Goods NEw M‘YLES, N Ew LEATHER, FAIR PRICES, GREAT VARIETY RC) OLD STOCK ELL E35131 'X'E’RXC'3 us Sole agent Stowut’s Delicious Chocolates and Bon Boos The Peoples’ oruggist Drug Store. OI’TICIAN If vou wish to receive the Best Commercial 3113 Shorthand Education, it is necessary that you attend the Bestâ€" f“. Not the Oldestâ€"Not the largest Just the Best. Because each student is taught separate- lygt his own‘gleglfi‘ ‘4'-, -__ A‘___4--__l‘, a; wâ€" w-â€" -. __ __, Because all difficulties are thoroughly explained as they occur. thus avoiding loss of time to the students and enabling them to accomplish more than is possible in class teachinsz; 'C-I' '""J"' Because each student does his work in- dependent of 3.11 octhers thereby establish- ing confidence 1n himself; _ Because by attending the day and even- ing classes, students graduate in a short timc and at a small cost; Business College 'vau-"n Becaqse each studeny receives special at- tentwn m Ins weak subjects and may choose higsubjects; ‘ A I A i _ I. _ '7 o vuvâ€"w‘ Be°ause at the head of it is aman whose qualifications as a teacher are unexoelled and whose ambition is to see his students become ood eitizens. morally, socially and financn y. Open July and August. "â€"Bvecmi'se'.i_ts"é§eililite‘s are enjoving ghe best pompous in almost every Canadian an}! Amencapcit)’; _ a. I .I I‘ -mm~mm w- vâ€" vâ€"â€" v â€"'.â€"â€"’ -vâ€"' “Because it teaches Actual business from start to finish; _'â€"â€" â€"â€"â€"â€"â€"â€"â€"-‘ Because its Shorthand students are doing marvellous work some writing 200 words per minute after attending only two Because this College enjoy 8 the confi- dence of the Business Publip. _ 'months: PEEL, the Shoeman CASH ONLY, DURHAM AND OWEN SOUND. WINTER HlflTWEAB The Mount Forest W. T. CLANCY, Prin. This College is the Best :â€" E are satisfied of the fact that our Men’s and Boys’ Heavy Rubbers are going to be more appreciated this season than ever. Thev are all that money can posssibly buy. Our Seamless Leggings are commanding very high sales. We are scarcely able to supply tfithe great demand. If you \1 ant winter lined shoes \\ e have. the host and then are not the heavy clumsy Kind. . Our ath of \VOIIwII’s and )Iissos'. I (‘1'.89‘ Leo gginws is complete. special attention. Measures and repairing receiw n'f Leggings Insures farm buildings and contem_~ dwellings and contents in towns and VII; leges. Everything in a dwelling is coverec hly one sum. Contents of out-buildings m- c udes all the ferm produce generally. Stocks and live stock from fire or ightning: the widest rungs of insurance at the lowest retell. If your insurenee expires this year it Will pey you to insure in the Sydenhsm. April Nth-(5m. Sydenham Mutual Fire Ins. Co. ESTABLISHED 1869. 068 of all kinds delivered 3t our mill for which the highefl prices will be ptid. tf Damn Fmrwm Co.. LTD. AGUAMITEEDGUBE Drop a card to Splendid Values Men’s Fur Coats, for . . . . $20. 00. Lndiea’ Fur Coats at $28. $30 and ...... $37. 50. A good range of Caper- ines Fur Rufis from $52 up to. . ”810.50. C. L. GRANT Wanted to Purchase DECEMBER 7 1905 Fm Men and Women Scmdfield’s All Wool Unshrinkable Underwear J . H. McFAYDEN. In fms DURHAM P O ***%**%% STOCK + FOOD We always handle the best of eyerything that is manufactured, and that is why we are selling: Inter. national S t 0 e k F 0 0 d . There is nothing); to man] it for producing;r flesh. and every farmer should hm‘e a package or a pail uf it 69pecially this your whmx roots are so scarce. Hun: you seen the display m our south win (I 0 w . "1.) :1 11 Patch”. the fastest h:::' [1888 horse in the “MM. ' led some every day. “'0 are :llsn you with 011 assortment. boys and girls buying“ them a W. BlilfiK on the way. boy as well. as particular man. DECEMBER 7. 1901'.» CUTLERY COAL nod) SOl

Powered by / Alimenté par VITA Toolkit
Privacy Policy