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The London Advertiser Traincleave Du ham at 7.05 a. m., and 3.15 p.11). Trains armve at Durham at 11203.11). 2.3?) p.n1.. and 8.45 pan. EVERY DAY EXCEPT SUNDAY Western Ogtario's Greatest Daily ~fll! the . m5 all the Time G. '1‘. Bell. Canadian Pacific Railway Time Table 3.7") 7.00 “ Durham “ 12.08 9.50 3.41 6.16 “ Allan Park 12.22 10.04 3.33 6.37 “ Hanover 12.33 10.14 3.23 6.23 “ Maple Hill ‘° 12.40 10.22 3.1") 6 15 ” \Valkerton Ar.12.55 10.35 MACFARLANE - Town Agent Leave Toronto 8.00 3.111.. 6.00 p.m. and 11.45 p.111. daily Leave Toronto 9.00 a.m.. 8.30 p.m. ani 11.00 p.11). daily Reduced fares L0 San Fr.mcisco. L08 Angeks and San Dzego. Tickets and full information on apâ€" plication to agents. W. Calder. Town Agent, Phone 33. J. Towner. Station Agent Phone 18 TORONTO-CHICAGO TORONTO-MONTREAL G.P. Agent, D. P. Ag: Montreal. T01 J. T0\VNER. Depot Agent W. CALDER, Town Agent Durham, September 23, Equipment tbejfinest on all trains Grand Trunk Railway TIME-TABLE TRANSCANADA EXPRESS WINNIPEG and VANCOUVER LEAVES TORONTO 6.40 PM. DAILY Connecting Train Leaves Durham 7a.m. Canadian Pacific All The Way No Change of Cars or Depots Pacific Coast Tours at Lowest Fares including A sharp thunderstorm passed over Collingwood and struck the {tower of the Collegiate Institute. Panama Pacific Exposition Particulars from Canadian Paci- fic'l‘icket Agents or write M. G. Murphy. D.P.A. Toronto. R. Macfarlane, Town Agent E. A. Hay. Station Agent Morning, Noon. Evening DOUBLE TRACK ALL THE WAY HOMESEEKERS’ EXCURSlONS Each Tuesday until Oct. 26. inclusivg PLANING MILLS Custom Sawing Promptly At- tended'To ZENUS CLARK DURHAM Can-ring Through Equipment to "CALIFORNIA EXPOSITIONS" The undersigned begs to announce to residents of Durham and surrounding Planning Mill and Factory completed and is prepared to take orders. for SASH,DOORS House Fittings FOR MONTREAL FOR CHICAGO and all kinds of â€" C. E. H orning, D. P. Agent, Toronto. ONTARIO 98 0000000000 0000 00.000.000.000 0080.002000000000000000000 oo oo 0 HEN Hon. W. T. White. Minister of Finance, floated his $45,000,000 loan recently in New York a faction of the Canadian press criticized it very strongly, claiming that the interest rate was too .iigh, the issuing price respects a mistake. Against these critics Hon. Mr. White ably defended himself. Trustworthy Opinions. The editor of The Kingston Stand- ard about this time took the trouble to write to some of the leading finan- ciers and financial institutions in the United States requesting an Opinion on Mr. White’s loan, and the replies received in every case were extremely flattering to Mr. White, all admitting that the loan was a very successful HON. \‘V. T. “’HITE. Minister of Finance. Sketch by McConnell. flotation and the money secured exceptionally favorable terms. In order that the public may be- come seized of the facts of the case we append below a few of the opin- ions received by the editor of The Kingston Standard from the great financial authorities of the United States:â€" Mr. A. Barton Hepburn, ex-Con- troller of the United States, and for years President and now Chairman of the Chase National Bank, with its hugh deposits of millions. wrote as follows: Very Fortunate Indeed. Mr. J. Seibert, Jr., President and Editor of The New York Commercial and Financial Chronicle, one of the greatest financial publications in the “Dear Sir,--The Canadian Gov- ernment must be considered as having been very fortunate in the terms it obtained for the new $45,- ,_ â€"â€"-L AA‘-:-‘ “Dear Sir,â€"â€"The credit of the ‘3 Canadian Government is deserved- f ly so good and it has been able to . borrow money so cheaply in the : past that I am surprised that the i recent loan negotiated should be i criticized by the rate of interest. 1 Such criticisms are unwise and un- 1 just, and indicate an improper knowledge of the financial situa- tion both at home and abroad. To begin with the credit of the Do- minion Government is being util- ized to a much greater extent now- adays than has been the case here- tofore. In connection with your railroad development, the Domin- ion has become the guarantor of a very large amount of railway bonds, and its guaranteed obliga- tions are selling at a much higher rate of interest than was paid upon the loan recently negotiated here. England could not duplicate that loan in New York to-day; were she to borrow, she would have to pay a higher rate of interest. Neither could any other European Govern- ment. Our investing public are not used to the obligations of for- eign Governments, and they would be hard to place with the investing public. We are accustomed to the obligations of the Dominion and its various Provinces, and such are easily placed with our people who are seeking income-producing in: vestments. As a matter of fact, Canada placed her loan at the best. obtainable rate, and no other Gov- ernment in the world could have done better, nor as well. “Very truly yours, "' “A. BARTON HEPBURN, Canada’s Credit Good. “Chairman.” for the loan. The $25,000,000 one-year notes were ofiered to the public at 100 and interest and are to-day quoted at 99 13-16 @ 99 15-16, while the two-year notes were offered at 99 1A5 and interestx and are quoted at 99%. bid andl 100 asked. With reference to the 3 new British Government issue. it i is not by any means certain that] the rate will remain permanently: at 4%. per cent. The new issue is now quoted at a discount, and the Government has bound itself that if future issues shall be at a higher rate the holders of the present issue shall have the right to ex- change their holdings and get the same rate. “Very truly yours. “J. SEIBERT. JR., “President and Editor, “Com'rc'l 8: Financial Chronicle.” Speak; for Itself. Mr. Geo. F. Baker, Vice-President of the First National Bank, New York, writes: “Dear Sinâ€"In reply to your letter of the 14th we would call your attention to the fact that we were one of the issuing houses for the $45,000,000 Dominion of Can- ada loan recently placed in the United States. This fact alone would seem to answer your ques- tions as to whether in our judg- ment there could be any proper criticism. “Very truly yours, “GEO. F. BAKER, “Vice-Pres. First National Bank.” Childish Talk. W. P. Hamilton. editor of the Wall Street Journal, writes as follows: “Dear Sinâ€"Your letter followed me on my summer vacation or I should have taken the matter up sooner. I was surprised to see that some of the Canadian papers were discontented with the terms of the $45,000,000 government loan float- ed here. As a matter of fact, Canada made a better bargain than could have been expected, and has established a successful credit here within one-half of one per cent. of that of Great Britain. What more could a belligerent ask? The talk or floating the loan at four and a halt per cent. is childish. Any- body who knows the costs of un- derwriting could tell these critics that Canada would be worse ed with a failure at four and a half per cent. than with success at five per cent. l The whole question was finally re- ; ferred to the following committee for S a report, to the Government: Sir John Gibson, Chairman; Members of the Shell Committee, Messrs. Frederic Nicholls (Toronto), W. D. Robb (Grand Trunk'Railway), Hector Mc- . lnnes (Halifax), F. L. Wanklyn‘fiC. MAY MAKE HEAVY One Practical Result ,0! Sir Robert’s Visit to Britain. While in England Sir Robert Borden and Sir Sam Hughes dis- cussed with the Imperial Government the manufacture of heavy artillery in Canada. Since their return they have consulted with leading Canadian manufacturers, financiers, and trans- portation men the possibility of es- tablishing such an industry. At the conference in Ottawa one hundred of the leaders in Canadian industrial and financial work were present. The British War Office is prepared to order between 2,000 and 3.000 heavy guns of different calibres in the Dominion, deli-very to be made with- in two years. The question is whether Canadian manufacturers could handle the order as they have handled the orders placed here for sh-ells. The War Office requirements were laid before the meeting by Gen- eral Mahan, the expert who came over with Mr. D. A. Thomas. His proposition was that the different parts of the guns be manufactured in the Dominion, and the assembling done at some central point. __ P. 1i.),'§i}"i§fidalrfjones, Sir William Mackenzie, Senator Edwards, 1341'. R. W. Black'welf (Montreal), James Young (Dundas), George Burn (Ot- tawa), J.”Chaplin (St. CgtharigeS). Law“, 9 “0 UUGyLLu \L’Vc Vuv-w--â€"'~I Mr. Miller.(Canadian Vickers Com: pany), and Mr. F. P. Jones (Mont- “It would be invidious for me to reflect upon the unpatriotic charac- ter of these criticisms. They only tend to embarrass inevitable future borrowing. I gravely doubt if any colony of the British Empire could now make a loan on terms as favorable. This is no time to embarrass your Minister of Fin- ance. I assume that criticism is sheer ignorance and not the cheapâ€" est kind of party politics, although there is an implication of the kind which I prefer to dismiss with con- tempt. “You are at liberty to make any use of this you see fit. “Yours sincerely, "W. P. HAMILTON, “Editor, “The Wall Street Journal.” CANNON IN‘ANADA HQ? '21-; -Many Farms Here and Abroad Are Served by Lines From City Stations. By FRAN K KO ESTER. [Author of “Electricity For the Farm and Home”) '\ Many farms are served by lines from i l l l l, l l l i city or other electric stations, and in many of the states the long distance transmission lines of numerous hydro- electric plants pass through farming communities more or less populated. These systems are usually of high ten- sion. varying from 13,000 to 60.000, even as high as 150,000 volts. These high voltages are not used directly in motors. but must be reduced by trans- formers to a suitable value, depending on the nature of the purpose to which the motor is to be applied. Likewise . for use on farms and in country resi- } dences a transformer must be had to i furnish a supply of current at a low 1 voltage value for local distribution. Where large tracts are to be cov- ered on a single farm practice has prov- ed that a voltage of about 13,000 is POWER STATION ON A FARM IN NEW YOBK STATE. most suitable, intermediate stationary or portable transformers being used to step the voltage down to that de- sired on the motors or the plows. thrashing machines, etc. It is generally recognized that cen- tral stations and public utility compa- nies are the best sources of supply trom which to draw electricity, owing to their reliability, cheapness and con- venience. When the user, however, is located beyond the reach or the distributing lines of central station companies it is necessary to install an isolated plant to supply light, heat and power. and such a plant is a much more profitable investment than the installation of other kinds of power, such as individ- ual gas, oil or steam engines. to op- erate the different farm machines. A practice much adopted abroad, par- ticularly in Germany, where the gov- ernment encourages electrically ope- rated farms, is to install rural central stations for the purpose of supplying a number of farms, rural industries, icountry residences and estates with “electric current. By establishing such a station, with either a steam. water, ‘oil or gas plant, a great saving in the production of electric energy may be readily secured. Today in Germany often as high as 100 to 150 consumers are supplied with electric energy from a single rural central station such as have been installed in great numbers within the last fifteen years. For the purpose of generating elec- tricity in isolated plants various forms of power are utilized. depending on the locality and the source of fuel or water supply. - In northern Italy and throughout Switzerland also there is considerable use of the electric energy in agricul- ture and by small rural communities. A network of distributing lines has been formed, drawing energy from nu- merous and scattered sources of hy- dro-electric power, which are, however, interconnected. The Swiss and Italian land proprietors and small farmers throughout western Europe have ta- ken in large numbers to the use of electric light and electric power. Many of the German farmers carry on industries in connection with their farms. whereby they utilize their by- products, and this is the secret of the success of many well to do men. For instance. one rural central station sys. tem may serve four grist mills with fire motors. having a total capacity of 105 horsepower, one tile works with a 40 horsepower motor. one sawmill with a 20 horsepower motor, four wheel- wrights with motors consuming 16 horsepower and many other industries, such as cabinet making, distilling, blacksmithing. bottling work's, etc., which use motors of various capacities. There are also served by the system some twenty consumers for light only, having a total of 243 incandescent lamps and five are lamps. one rail- way and freight station with 120 inv candescent lamps. one clubhouse with seventy-um lamps and six are lights. and. in addition to this. two towns are supplied. having a total of 1,692 lamps. From the, above facts and figures it is nhvious that electricity can give a new stimulus to agriculture and farm- inz. and at the same time open a new way by which the rural population can be induced; to remain on the farm inâ€" stead of flocking to the, cities, 4‘ 0’ 09QOOOOOOOOOOQOQOOOOOQOOOO ##OQOOQQOQOOQOQOOONW §§§§§§§§§§§§§§000000009000 QOOOQQOQOOOOOOOOOOOOOOM ‘00§§§§§§§§+¢§§§§§§§§§§§§§ §§§§00000000000090009000” 0000000400000000OOOOOO¢¢¢¢90§§§+§+¢§§§O§¢¢§O¢¢OOOOOO OYSTERS AND FRUIT IN SEASON CLEARANCE SALE OF FIREWOOD AND SHINGLES Queen Street We have a good stock of Corn and Ground Feed on hand, that we are selling in ton lots at the following prices : If you want good heavy mixed feed try our “Chieftain Corn Feed” it gives good satisfaction The. Rob Roy Cereal Mills Co. For all kinds of Bakery Goods Cooked and Cured Meats. FEED FEED American Com, per 100 lbs. $1.60 Chieftain C01 nFeed.per ton$3o§oo Oats Shorts, per ton L ...... $30.00 Bran, per ton .. . . . ....... $28.00 Special prices in over five ton lots E. A. ROWE’S . J. Furber Co. No. l Shingles $1.00 bunch No. l Shingles 3.75 square No. 2 Shingles .75 bunch No. 2 Shingles 2.53 square PHONES TERMS STRICTLY CASH We Are In the Market for Any Quantity of Oats Cedar $1.50 per cord Elm 2.29 per cord Oatmeal Milli Durham, Ont. 4 and 26