Winnipeg Free Press

Winnipeg Free Press (Newspaper) - August 6, 1914, Winnipeg, Manitoba Manitoba free press Winnipeg thursday August 19a established 1374. Head office Ottawa. Cariada., Over 96 offices throughout Canada. By Bank Money order Bank draft telegraphic Transfer Cable Transfer can transmit Money for you. To any Point throughout the1 world. Winnipeg Branch b. Monk manager fit. James Branch a. G. Dunnet manager. Cor. Parkview and Portage Ava. The Canadian Bank Commerce capital rest. Sir Edmund Walker . . D.c.l., president. Alexander Laird. John Airo general manager. Assistant general manager. V. C. Brown superintendent Centra Western branches. Savings Bank accounts interest at the current Ratis is allowed All deposits and non Ards. Careful attention is driven to every account. Small accounts Are welcomed. Accounts May be opened and operated by mail in Case the removal a depositor to another District the manager to advise Repar Slnar the Transfer tie account. Accounts May be opened in the name two . More persons withdrawals to be made by any Onei them by the survivor. I offices c. W. Rowley. Manager. 391 main Street c. Gordon. Assistant manager. Financial Canadian Banks reluctant to sell drafts London to accept York rate loan business in local Banks increase. Of Canada a Quick service in making collections with 300 branches in Canada. We can into direct touch with a Large proportion your customers. As you know this Means saving time in presenting drafts and making collections and a More satisfactory service All round than if the business had to be handled through two Banks. Compare our. List branches with your list accounts and you la see the Force this. Two Centra offices main Street and William Avenue d. M. Neeve manager Portage Avenue Corner Garry Street adjoining Post p. A Boulton manage. Other branches in Watn pkg. Cor Ion Logan Avenue. North end Sargent Avenue Avenue and Arlington Street and Sargent Avenue and Arlington Street 430 Portage Avenue. 1thern grown Bank head. Office Winnipeg directors sir d. Al Mcmillan . Vice president a jilt. We. Robinson Jas. H As Domi a. Mctavish Campbell w. J. Christie sir Douglas Cameron h. T. John Stovel general manager Robt Bills Exchange drafts and orders All brought and sold. Canadian Bankers association Money orders sold., collections made in All parts Canada and in foreign countries. Branches distributed throughout All Canada. Cameron Bartlett manager Winnipeg Branch there was a net gain in the deposits in Canadian chartered Banks in this City yesterday and Bankers state that the. Same thing is True All Canada. There never was. A time in the history this City when there much actual Cash safes the financial houses. Tho these institutions is being steadily strengthened. Neither Gold nor Dominion Bank notes Are paid out by in any. , and new Busi Ness is entertained. A Small business is being done by the loan companies. The amount in olved is however very Small and to 11 intents and purposes this business Las ceased. The cassation business y the loan companies will Bear most those who were under the expectation that they receive Money in the near future the breaking out actual Hosti cities immediate action was take i by. Most he loan companies and hundreds thousands dollars business which almost All the1 Legal work had been done was instantly cancelled. Solicitors were advised that no cute ques were to be issued. It is stated that Loans aggregating half a Mil lion dollars Are said to have been cancelled ,-l.ti a single office in this City this week. Many references have been made in the Public press to the plight trav Ellers from America who Are in eur Ope and whose letters credit Are no value in the present. Emergency. The same thing is True to a Large extent travellers from Europe who Are at the present time in Western Canada. One visitors called at with a credential from the Deutsche Bank Berlin one the largest financial institutions i the world. Under Ordinary circumstances this document would have been accepted As readily As Gold but under the conditions which exist the traveller could not obtain a Dollar. He declaimed bitterly but this assist him. No local Bank will receive any draft except those which they Are bound to i Nonor. I the. Local financial institutions yesterday Wou a neither buy nor sell Lon Don Exchange. The nominal rate was ?6.50 to . New York rate was. To which must be added the local Bankers Corn missions. The meaning . This is that if a Resi Dent Winnipeg wished to obtain control a Hundred pounds in Lon Don he would be required to pay in Winnipeg instead this was the rate for Cable business. Even at this rate the Banks would not guar Antee that the Money would be paid in lond a there was in fact a com Pete stoppage business. For acceptances which were being from Britain the was 15.80 per. Pound Ster Ling , Bur j Don amounting 20 per cent. Merchants upon w Hom drafts Are find that they Are upon to pay not the amount they expected to pay but an amount 20 per cent greater. Goods which Ara arriving at the present time with must be paid for at this course Possession. Of the goods cannot be obtained 1 the Post office department was yesterday still Selling Money orders How War my huge amounts to toe obtained by european v countries not by Bond but by direct tax income the country above Cost maintenance May be taken by governments concerned rentes. All other quotations were it. S. Steel toot age. new aug. 5. Unfilled tonnage a s. Steel corporation for july will be announced next Iron Day and is expected to show increase about 000 tons compared Tveith an increase tons for june. Goods. Meats would most be no cause Fob. Alarm Mcdougah Cowans r jew Tork Bank ers Are unanimous in declaring that the Strain has been relieved Here and there is absolutely no cause for alarm. The original Loe a charter i ooh London at the usual rate. It did not appear that any special advantage was being taken the Post office to the Money in past considerable so ims have been sent from Canada to. Austria and Germany. This business will course be completely Pended. Head. Office and nine branches in Toronto. Branches and connections throughout Canada. Instead sending Money through the mails use 3 Home Bank Money order. It is safer and registration is not necessary. The Home Bank s rates for Money orders Are to Send and under 3c to 6c to 10o to 15c. Winnipeg office 426 main Street w. A. Machaffie . Osler Hammond Nanton Stock brokers and financial agents stocks and Bonds bought and Gold commission Winn Neir Toronto Montreal. New York and London England Exchange Al Cobalt and Porcupine Stocia bought and sold commission for a Nate wire connections with new York and Toronto Corner main Street and Portage Avenue. Winn1pec5 Telephone main 8400. River navigation vacation Days through the ten thousand islands the Lake be tub Woods and Rainy River. The tourist steamers and a Winde trl weekly service. Kenora Warroad. Rainy River and fort Frances. . Leavo Kenora and saturday at . Via . To Warroad. Leave Warroad daily except tuesday at 8 . Via . To Minaki. . By boat to Kenora four Day Lake and River trip including meals and berths Steamer and return railway fare to. Full and reservations from a. General passenger agent. Phon. M. S629. 607 West permanent Hall navigation company. Sir. J. A Smith to Riverside Parr leave Norwood Bridge today at 2.15 and 8 . S saturday to the docks a 2.15, arrive Back 7.15 . 5.0. Children 25c. Orchestra sunday trip to the Lake leave Norwood Bridge arrive Back Notars the Becali. Tickets a prone Mai n 5273. Or main 5629. Financial briefs a newspaper comment. Mcdougah new York aug. In vestment demand securities seems to be. Accumulating. Danger currency Scarcity Jias been removed. Largest problem now is financing the securities received from abroad. Wall Street Bankers Are positive in declaring that the situation in. This country is now very comforts b be. Progress is., re ported. Deliveries lots , and this evidence Clearing ii courage the brokerage element. Ferro manganese. new York aug. Manufacturers Are greatly concerned about shutting1 off shipments Ferro manganese country for Useman the steel a tilted states. But a comparatively Small Supply this essential and tie. Price already up More than per ton. Or a week. There olfers per with Tio takers. Old cos rant York aug. Declared monthly dividend 1 per Crint. Payable aug. 20, to Stock aug. 10. Dividend was 2" paid july 20. Thave Leiis new York aug were instituted 3 esterday in England France and Germany for the financial support their War operations. These Steps brought to a head the discussion that been in Progress in banking Cir cles Here for several Days As to How a War such a scale As the present one is1 to be financed. The opinion has been frequently expressed in the last few Days that the War would have to be Short As not be financed if it continued for any length time. Yesterday there was a tendency to take a different View the situation. One financial expert who is Well qualified to speak 011 the subject said the european nations be Able to carry the War for several years so far As financing was concerned. In the first he said it is Well known that for a year so Sev eral the nations involved have been building us their Gold reserves some them to an j extent. This was done by Germany some time ago. Russia took similar action about the same time. More recently France has been acquiring Gold especially from the United states and it has hesitated at no extra Cost in doing so our exports at Paris being made not the basis actual Exchange conditions but As special transactions Austria too has taken the same course to some extent. These augmented Gold reserves furnish the basis for an in crease currency several times the amount the Gold. Direct taxation. Another great resource that has already been availed taxation. Throughout most the entire Napoleon he financed his wars by this Means not resorting to Large Bond issues and still less i to the Issue irredeemable currency the fallacy which has been Learned from Exchange Ottay he open. Osier., Hammond. Nanton new York aug., new Tori financial situation is improving this statement is Mado banking author Ity from several ind and pow Erful interests. Affairs Gretel nor in hand. If this ratio improvement continues new York a Turfe Exchange May re open in the fut ure. We find a Strong tendency every where for people to recover one Oue to the clearer alignment foreign Powers and i settling definite relations from Are at once the Bane and yet the speculation. Earlier experiences in his latter Days Short term notes were issued in Exchange for materials and subsistence but taxation was his chief Means support. This is sometimes Toor Little regarded in discussing the financing the present War. Which usually Cen tres about Gigantic Bond issues. Germany has recently imposed a special tax for one year property at the rate five per cent., which takes the entire income from the property for the year. This was in View impending warfare. France has just enacted an income tax for the first time. Although it is Only five per cent which is a very differ ent thing from a five per cent pro Perty tax the rate May easily be Rais that the machinery for the col Lection the tax has been set up. ions had an income tax which a Low rate Small in comes but is heavily graduated larger ones. It reaches incomes quite Small size. Thi s also May easily be increased. In England course the same condition exists. A. Tax Industry has often been resorted to in Europe in times stress and has been readily borne. It is As easy to put a tax a hat manufacturer for instance As it is the Sale a liquor. Issuing Bonds. Great Bond issues Are More easily absorbed than is some times supposed in cases where an Appeal to Patriot ism is behind them. This is Paitich in Europe where there is always much Money hoarded. In the past foreign securities have been heavily sold in. Order that the holders might invest in their National War losses the present instance this course is removed for the time being the closing the exchanges by if this situation May be changed before such Loans Are authorized and opened for subscription. The Banks Are Praul tidally compelled to take the Loans and carry them until finally absorbed. Finally irredeemable currency Mav be resorted to although hardly Likely to be done except in Austria. The extent to which such currency May safely be put out however is much better understood now than when it was abused with disastrous results in earlier periods and its use is therefore not at All out the ques Osier Hammond Nanton new York rail roads refuse freight for Export and boil y Western Railroad a not to Nind consigned to Europe. Imports to june 30 increase including Nitro months totalled an increase exports fell off k. G. Dun fail ures during july As against a year Ajro. Closed in i Rome. Osier Hammond Nanton j Home aug. On the bourse has. Stopped indefinitely. Increasing output. Osier Hammond Nanton go up and Dairy products would teas coffees and spices would prob ably not be unless War lasted for a. Cliff moult to import new supplies goods from the United states would not Joe affected unless the government raised to to i Fri the by Artl Tea to secure Transfer. Mencing this be impossible Moi Ning to operate the duly these articles to War funds. Many laying in stores sugar and hour Ais though fora Sieg a. The growers remarked yesterday that the increases in the Pur chases Large amounts "6t various articles liable to be affected was very noticeable. R the grocery department is not the Only one affected. Dry goods clothes and. Being bought As though people were stocking up. There is Little likelihood the prices these articles raising. Goofs imported Tram England . Course Fae nearly impossible to secure after a. Time it the War goes . I Reuler tomorrow 111 patriotic scene at the Grain Exchange the the floor the trading room the Grain Exchange yesterday was enshrined in a Gigantic Union Jack and previous to Ope rising business a. K. Godfrey president j3.ddres.sed the Mem Bers. Under the editing state affairs a said he lid no doubt the members knew their duty and three prolonged cheers were Given for the Flag. Two stanzas the King were Sung with feeling express will attend Church. Royal Black knights to Parade Suri monday. At a meeting the county chapter Winnipeg Royal Black knights Ireland held in Scott memorial Orange Hall monday evening final arrange j ments were made for the annual Church Parade and picnic As follows sunday evening the sir knights i l attend divine service at 7 clock in holy to mite Church to when the states Rev a Fribourg d.c., will preach battleship Tennessee sails from a special Sermon Basing has remarks York tonight with to the Subi act _1 j _ i3 and tin plate co. Has started the Shenango tin plate Mill at Newcastle at full capacity. Civic holidy v t it Vav _ _ exc Ursi monday aug. F train service campers special Wilt leave Day aug 7th at 16 to campers Plyer win tuday aug. 8th, at 13.38k. At 16.45k. Returning train will leave a Tyg. Week Winnipeg Beach trains will leave Wlna Fang belch at 9 -.30k, 14.00k 1420k. Ing trains will leave Beach at 18 ssh i 051c 22.00k and 23 00k Bloney for tourists. York aug 000 Gold for Relief americans abroad. Secretary Garrison says ships will t jr01. T be sent to Points embarkation m at 6 ., and will pro England and the continent for need to the Church by Way Prin term Phant March sir i knights will assemble at the the the transportation americans As As possible. Hallway Karning. Sjon Cess and Donald under direction a. A. Lennox county pursuivant re turning via Portage and main. The new York aug. And o., fourth week july increase month july increase National railway Mexico mexi can june Gross decrease net decrease twelve months Gross decrease net left for Winnipeg but never arrives j. F. A brother d. C. Whyte Winnipeg has from Lucerne British since july 20. According to advices received music for the occasion will be sup plied by the sons Ulster and we in Peg total abstinence Fife and bands monday the picnic Wil be held at Winnipeg Beach not feel Kirk As previously the band the sons Ulster will accompany the party to the Beach and discourse popular airs during the Day. The sports will include races for Young and old also swimming races. Ontario . On visit. Ila Cdonald. Liberal for the constituency North Bruce in Winnipeg he loft Lucerne to visit i ills ills brother in. This City and had Over him. His brother did not know the proposed visit and knew nothing the disappearance until . Whyte s wife at Lucerne started to make inquiries. A vigorous search is now being prosecuted Foi the Man. Or. Whiyte was employed Ais an Engineer the . Construed i at Lucerne. His brother Whyte resides at 58 Dubuc Street Norwood. P. D. Shirley Edmonton would also be glad to hear word a Utic. Ontario and mrs. Macdonald Are Visi tors 111 Winnipeg. They Are guests Winnie tigers Lay in extra supplies j they Are guests Macdonald s sister mrs. P. C. J3obson, Street South. Or. Wac Donala had a strenuous time in the Ontario Campaign and is recuperating with a vacation in the West. He for Merly represented Centre Bruce in the legislature but the redistribution done him out his seat and he took the Liberal nomination for North Bruce and Cut Down 3. Big conserva Tive majority to a Lead four for the liberals. A recount was demanded by the conservatives and it in creased . Macdonald s majority to seven. Or. Macdonald is greatly pleased with the progressive spirit shown everywhere in Winnipeg. He is the publisher a newspaper at Chesley ont. Fare Moonlight excursion t leaves Tinl Peg 18.30k, returning. Beach at 22.00k and 23.00k. Fare 50c orchestra and Purchase tickets charged train. Dancing in. At station full -1j mails Soto Fig freely. As yet All foreign mails Are going out from coming in to the Winnipeg Post flicks As usual. Orders As to the discontinuance into new pumps have taken place them have yet been received from . Eastern rail Way cbmpa.nr., Lias issued notice stating Irao Wladga Money saved gives Confidence and Roll Ancs. To Ineece rattles. I account now with the Union Thust co limited Union Truiti nil Dir 9 that the company will accept and Cash express companies cheques travellers cheques and similar paper All Day thursday but that no More than s50 would be Given to atty individual. Paris bourse was open Amado Gall Cowans Paris aug. Bourse was open tuesday. Business was done for Cash and there were Only a few trans actions. Three per cent rentes were quoted at 76, Ali 3% Par cent at 84. Savings Banks purchased about 000 the Canada permanent Trust company acts As executor trustee administrator liquidator financial agent guardian curator committee Lunatic Geo. F. B. Harbis manager Canada permanent Garry St., Winnipeg. Imperial Bank Canada capital Sabac Robed _ tikk Tot capital paid liooo.. Agents in great Britain and u. S a. Lork ilm Ptah. Junwick City Ciuc co it Ril maciaas.1 Pailk. Catano Sau onal Bank. Flirt natlona.1 Bank by. Fall tint Mati Onat Bank. Bran cart act Clai at All in Manitoba Alt Raat Brit Mai Columbia. Oot Arlo and Lati rat Llovid at comat Ratti Bank credit med. Brancati. H. O. Ii Suk the prices Staple articles since tues Day but grocers Are expecting them almost anytime. Yesterday flour Merit up so cents a Wirffel and sugar 10 cents a 100 Poun cos. Other Sta Ples remained steady. Yesterday grocers stated that they expected big jumps in. The prices Canadian jams Tawa. To hair some advice that Nat ure comes to hand the mails will be made up As usual local Post officials stated yesterday. Transfer a1 Bridge. Owing to the lowering the Over head Structure at the new Canadian Northern railway i Bridge crossing the Dominion Bank Jovit Edmund b. Osler . President. W. O. Matthews. Vice Fresl Dent c. A. Bogert. General manager. Banking business in foreign lands with a Branch in London England and correspondents in All tarts world inns Cuttaia Are speedily effected most favourable Ford exch que bought and sold. Drafts and letters credit issued. Advance ship Manta both Export and import. Callaci Loas primp by nude w4 Fet fitted . B Winnipeg North end notre Dame .__._. Portage Avenue. V to Anonia St. John Branch Redwood and main e j to Street Branch. Is. F. Jem Moix . Patton manager. A. M. a manager i rest for the weary at Detroit lakes a sur omering place that pleases our modern steel train leaves Winnipeg daily at . Automobiles to resorts and cottages meet train special sleeping car from . Station pm. Friday August eth. This Sleeper will be set out at Detroit and occupants May remain in car until following morning week end tickets i round trip season tickets for literature tickets apply to Soo line office office 222 Bannatyne Avenue. Cor. Portage and Maia a. C. Peterson general agent Soo line. Phones Garry 724-725. Duluth fort w3lliam Portarthur to Soo and Sard with rail boat to Aii Points East three sailings weekly . Moronic largest . H u Ron 1c l 8 . Hawon1gj finest n. N. Co. Exclusive features observation rooms. A Ball rooms with orchestra. 5j electric Reading lamps in berths. Through to cuts May be chased from any railway agent r. Crawford North Western agent 364. Main Street. . Wolverine will leave. Selkirk for was sen s Landing and interment it Lake Points every Mon Day at 7 arriving Back at Selkirk fare for round trip berths and meals included week end trip big Black River j will leave Selkirk every at 1 . Arriving Back morning. Fare for round trip berths and meals included berths reserved further formation from the Northern Flash the w. J. Gun elfish x Wirf Lipez. He double daily service t0 new route to Battleford and Calgary trains leave Winnipeg 9.00 . And 6.00 . Excursions via great lak3js the quickest route to Eastern Canada with to finest great lakes express leaves t Days thursdays and saturdays at 10.30 . State born dining room arranged by Purser who travels cloy ticket offices 260 Portage 5378, 7098 union1 3453. 2826 daily service to office will Arraio. Dation at Minaki inn. Canada s finest summer shylock Perl Dally including sundays 2.15_ to Hyland Opark 3 fare 50c adults come and enjoy a dance in floating. to boat others admission do. Pednea Osius and -.saturdays, 3.15 boat continues Tow oui fare adults 75c Cal Telephone Park. St. Docks St. Canadian race and virginian _ _. _ Empress Britain Coke Manitoba virginian Britain sailings every two weeks from Montreal direct to it a service Wilt be performed by s4-7.50 Cabin. W. C. Cast Cene Baj. 210 Portage ave., i Winnipeg the represent All and in Cook son Clark s South Japan Ana Rallan Tours. I. 663 3iain Street. Rhode 3 i Lamport Holt to Kyj Outh America the world s great Faroe it Bahia Rio de Montevideo. Buenos ayes new and fast ton pin anger Skamba from new York fivery alternate sir new. Busk Daniels Sta. 8 Uei. Calder son. 663 Blain Jaq hotel recently renovated and trally located hot Ana cold. Rooms. Twenty two suites with . American k-50. I european plan sl. up. Auis. W. J. O co Xou. Foo ;