Winnipeg Free Press

Winnipeg Free Press (Newspaper) - September 26, 1928, Winnipeg, Manitoba Pub Case ,1 of duty of Stem Ulnic Tho demand for the pro dict As to compensate the Industry within n comparatively Short period for any temporary recession of method of i Ruce Cluro arranged or Darby Ianc formal application for the removal of the duties last Spring and later on he Drew up a Brief Settle out in great detail the reasons Why his application should be granted. This application was issued to the news in continued from Prifte 1. Reorganizations have resulted in great increase or negotiable Bonds and stocks without corresponding investments in productive equipment. Yet the its r Ernecl have been ample to sust Lri the edifice. Our Contention or. Chair Man is 1iie.sc very conditions How that. Kroihs have been much or cute t in Ore required secure Normal. Hyicient and economical production of Cement in Canada and that to the operation of the this up plication Public some time 030 and widely circulated in the press. On september 19, Only a Lew Days ago professor Jackson presenter to Rlue has been the by Wood Gundy Ond company Beard a Long Brief answering the Var Lous Points raised by or. Darby and presenting the Case against any reduction in duties. When the session opened or. Darby at once Rose to Point out that he had received the Brief of the Cement Industry Only a few hours before and could not be expected to be Able to Rieal with it on such Short notice. He desired uie Assurance of the Board Bast kill Dunan school Board advertises for tenders for Supply Well furnished suite or House 13 wanted for six to garage on Purby Street is for Reward is of red for conviction of boy who bicycle sept. Contents of 5 room . Centennial Street Are for miscellaneous articles Lor Buer wants modern Home with three or four bedrooms in River . Darby s profit before depreciation bad been ducted. Moreover it was claimed that a considerable part of to net earnings had been made out of enter Prises carried on by the company la Del ton to the manufacture of Cement. Cement men compliment Darby Ronto who had old the bands and Stock to the investing Public at the last reorganization the company no longer ago than november 1927. To circular was produced examines carefully by everyone and the representatives of the Cement Industry then stated that or. Darby s figures right a. As they went More Light that in second hearing would tie granted in imports both in incr Caslick at which he the prices in id by the Consumers and Points raised by the Cement a Knablin. Monopolistic control to to could the various j in. His Brief and it read As follows the majority of the Canadian maintained. We contend that the in that Dusty could to carried on m Canada thereupon. W. H. Moore chairman said this would present no is that Lac cheapening or Cement which to questions. Would result from the establishment or says enormous i roasts free and competitive trading would so reaped Cement Mills were combined Irto one company questioned statements by in or Darby at the outset was no the Cement men. The his Brief wherein he asserted that duties upon imports arc a wild by the Consumers of goods so taxed and that the imposition s duties results almost invariably in raising the prices of Simar eods produced in Canada passed with in 1 question. Then too. His state rent that customs duties when granted by parliament arc in the nature on bonuses to Max Ulac in the Case of inquiry that were bound to was apparently con s of proof that they the continuance of the Mitel or. Darby rests upon r Darby in his Brief argued e Protection afforded by the duty on Cement enabled Cement manufacturers in 1009. Companies purchased in Cash or Stock for 250, were United into a single concern. The Canada Cement company which issued Stock and Bonds for valuing the properties merged at of the of common Stock issued at the time s2 15s 850 appears to have been Given As part payment for the plants acquired a Bonus of common Ctol was t also Given to the purchasers of prefer Law of of font. The record of the Canada Cement com this was the first vital passage of the company. There munitions. No conflict. Cement men paid or. Darm at of expressing Taat the family budget should include a regular Deposit in a savings account no matter How Small the amount. It will be a source of untold satisfaction to watch your savings accumulate with interest and provide a against emergencies. Home investment.6 savings association 468 main St. Phone 23377 Surprise at the amount of information which Long on behalf of the Canada Cement company pointed out that the years 1010-17-18 had been extremely profitable to the company because of made in the manufacture of Orit dose be to reap enormous profits and he cited ment com c ence shares equal to 25 per cent of the Par value of the preference shares allotted. This common Stock was regarded As having no. Intrinsic value. The value of the Mills was apparently raised nearly 100 per cent. By. The Transfer from the various former own ers to the Canada. Cement company. Thereafter the number of the Mills owned and operated by the Canada Cement company appears to have varied some Mills disappeared from the list or properties being apparently abandoned while others were acquired by Purchase or construction. Large sums were also spent by the company from time to time in additions to their Mills and investments were made i n other properties and concerns so that by 1926 the Cost of properties held la december 31, 1909, and additions thereafter less depreciation is shown As with invest ments of in Canada Cement company organized. The new company bought the outstanding Stock of the old com Pany from the shareholders at per share of preference Stock and per share of common Stock. On this basis Over May be said to have been paid by the new company for acquisition of the old Canada Cement while the common Stock which was without intrinsic value in 1909, had acquired a cosh value of a share. Anticipated Barce profits the new company issued first Mort age Bonds bearing interest at per cent for and per Cen. Was the re continual dosing upsets children s delicate Stom Achs. Vicks is applied externally and therefore can not disturb the digestion. It acts in two ways 1 the body heat re leases the ingredients _ in the form of Vapours which Are inhaled. 2 at the same time draws out the soreness like a poultice. This continued on three perfect reception nor phonic tubes meant difference Between pleased and dissatisfied tenders. They bring in All programmes with perfect Clear Nesa and Are unequalled for Long life. Each by w. H. Auction Sale Mediterranean ask your own doctor what percentage of All can be traced to faulty elimination commonly called constipation Keeno gives belief from even the most obstinate of cases. Medical authorities agree thai approximately 90% of All sickness can is traced to faulty elimination this being the in is there not sufficient reason a vhf you should guard Asa nist this enemy of b00 1 health especially when it b rouble and at very Little Cost. Keeno by strengthening and stimulating the Bowel glands places that important Organ in an Active healthy condition thereby assuring proper elimination. To not Wiur tin til you Are a victim of this com plaint but it imme Danio la 1-v Stolns to your drug stored securing a three Boulo. Treat Anont of this efficient Medicin Keeno will Aid you in other ways done without acting ally. Uffer from thousands of famines hero use elate Sooil they Aure health. I mrs. Mckee lie Speaks i. A glaring example of the ability of 1jkeeno" to overcome Tion and in so doing eliminate constipation and in so doing eliminate other ills is furnished in the Case of mrs. Nell my Mcclinic -144 Alexander ave. Mrs. Mckee lie was a chronic suffered after much yes absolutely yes if your stomach is weak und us Fec Tail you e Little appetite food is not Lusty and floes not Ilie est properly you from and Keeno. If your liver is Tov Pelcl and you but Ter from hand aches. Dizzy spells and spots before the if your bowels Are not acting in Normal manner and constipation fro this discomfort she found Relief by this overcome other moments this her woman is enjoying Fine health. Orvn statement follows i had been trom con St spation for Ilio past quo months. Sauce Early Spring it has been Neces Flarv for to to resort to the use of enema to Relief. My dealt a Camo rec cum in general. I cot. Oat nor sleep Well. I was feeling causes you misery if you Are troubled with top fre quent and burning kidney action if acids have pervaded your blood Par value of preferred Stock common Stock to the ii mount of shares of no Par value was issued shares going to preferred shareholders As noted. Thea shares have had a value varying up to a share. As suming them to be Worth the Alue of the company s Bonds and Stock May be taken to be these operations Are cited As Evi Dence that the Canada Cement company has anticipated since its formation the earning of Large profits and realized its expectations in a remark Able manner under the shelter of tue duty on Cement. It has been Able to rite up the value of the. Plants Pur chased in 1903 to nearly double their Worth As shown by what was actually of d for them. It has been Able to pay i interest acid dividends on. A capita Liza Tiomi based on the inflated valuation to has been Able to make additions to its equipment to invest Money in vat. Ous other ventures and at the time to abandon. A ritually. A number of the Mills originally bought As to redeem nearly half the Bonds a sued at its formation. Finally the new company has been Able to create a Arrer capitalization in the same assets. Net Linen less 1b10-5927 the net earnings of the Canada Cement company in the years 1910 1927 were As follows 1909 about 4 months 9 ism it carry Ono Dion Pacific exp Nta company i term Tun chef i. From new York feb. 4" More Complete More inviting More intriguing than Ever before i proudly you enter the usual ports of course. But also you have the rare Opportunity to enjoy Malta Venice Dubrovnik and Beirut. 18 full Days in Egypt and the holy land. 72 Days in All seeing 16 countries enter ing 46 ports and places with a glorious finale in Paris and London. Throughout the cruise you command the incomparable service and cuisine of Canadian Pacific s All embracing management afloat and ashore. Two and a half joyous stimulating eventful As Low As your Home the of famed for magnificence and Comfort. Hound the world cruise from new York Deo. 1, 136 Days Miles through 21 c . Empress of As Low As Send for ship plans and Joiner Aries to your own agent or c. Casey general agent Ocean traffic Canadian Pacific building. Corner main Anil Portage Winnipeg. Canadian Pacific i world s greatest t r e i. S t s t e m South America Africa cruise Days. The wonder cruise of contrasts on Tho regal cruise ship Duchess of As Low As r776 at your nearest dealer Monotype stereotype in the West for Quick delivery from Virgin metals Only. The Canada Metal co Ltd face All broken out Are you too one of those who have tried one thing after another or the skin yet without results then try this simple treatment used by thousands with amazing Success. Rub on a Little Resinol need promptly. Mirrors for buildings ointment at night Wash off with. Resinol soap in the morning. You will be surprised at the Quick kiss with which it Aith. Tie soap Ulso to keep the comple Lou con stantly Clear and soft. At All int Gailli for free Sample of write Retinol dept. 30, Baltimore my. Furnishing at the residence 200 Street near Broadway wednesday at 2 . Beautiful Oak China Cabin Fine upholstered i , Billing table Oak Libra table mahogany Pedestal Lai Wicker chairs Silven Vai China glassware books 2 Trie sweepers he Rivera. Clock. Pictures Kos Woad upright piano Oak Rocke ottoman lipids Eye Maple or. Chii Yonick Carapiet lamps cushions tapestry co gains Mower Garden Tooi b sealers Cocks and Large Unaa Tity of other articles. Terms Gash at Sale. On i morn Jig of Sale. , auction 25 833. 264 Smith in til v by h. Gray son auction Sale of valuable Ger Harl in Clotzman. Piano Kirly Oak Dan let Roodi Sulle break Fai suite Ldhl drapes. Wlton Ruks and runner., at 103 atom cd St. Clone to in Tanh. Avenue on thursday sept. Nth at 2 o clock instructor by Llic owner. I will Tell u i lows very Fine by in Modem a Hosny Case console Tel phone with records solid Walnut note 6x9. And Wilton runs double Arch dry Pic 3 pairs old Rote a lunch Laco curtains Small use carved Jab Boon Libr Brj Isble Ca. Jacobean Pedestal with split Cane Cli mahogany Nam Cliar almost new Early English dining room suite. Table Long Low Buffet mid 0 Lea Thuc sctt diners 6-Piccc orca fasl room Snow liw new Hoover electric wll Toa Nat and Hall Runnel s card tables. Large Rhiw cupboard Lumc a fit dressers Walnut Fislid Beds Complete dressing told to Uffe coaster Wagon. Fief tics size 4 snowshoes. Larry a rocking Range and usual Kitchen Roods. In Joiiya Auh Tonee by h. Gray son new method nog Lane. Woo Send Lor Book and of local cures. Medical research Bud Institute , to croat 177 Hort i state Street Scago. In Noil came the Ancl cause Vou to suffer the a Ronles of rheumatic pain use if your nor Votis systems run in Retty badly in general. I i soon found i Laio 1917 1910 1019 1920 1921 t can now eat heartily and sleep soundly and res fully. 1 enjoy a new 5 Teelin of health Ami vigor. I am most grateful for the Lenilts and i to warmly recommend this splendid 1 efficient Clown and you cannot sleep soundly Ami use if your blood is impure and bin Csc Licat Msj pimples Liolis Anil Otlien or skin eruption Are make up your mind make up your mind that you want j to enjoy Good health. Then go to any of the leading drug sup plying Keeno and secure a treat ment of tills highly efficient and Nikot dependable Medicine. Use it regularly according to directions and enjoy Trio health you Are entitled to. Thousands of others in talk City Aro Roll nor this. Real Quality malt setup adds flavor and Nutriment to foods the Cost of the raw materials used in Budweiser malt syrup will not permit the giving of premiums. The Quality of our product is the Premium we give 1 and it is included in every can of Budweiser malt syrup you buy. Anheuser Busch St. Louis sold by grocers aa4 dealers Everlu Ibert distributor Frank a Wiley 533 Henry ave Winnipeg em-79 1923 a. 1925 1d2o 1927 estimated up to december. 31, 1926, the net earnings of the Cement Pany amounted to sum was disposed it in the period at 17 1-3 years in. The following manner depreciation other reserves. Bond interest preferred dividends. Common dividends. surplus. Tills shows the depreciation on Plant and equipment written Ott to have been nearly equal to the Price originally paid for the properties a Nul red. Adding estimated it earnings for the year 1927, the total reaches unduly High prices interred these earnings amounting approximately to in 18 years were made on. A nominal capitalization of about they have been i sufficient to induce the Public to _ an. Investment value of some 000 on. The earning Power of the com Pany. They necessitate the inference that unduly High prices have been obtained for Portland Cement through Che operation of the almost prohibitive duty on imports and the virtual elimination of Competition. The Justice of this inference further supported by the fact that the productive Ca j Palty of the Industry is far in excess of the total of Home consumption and exports. The annual capacity of the plants of the Canada Cement company for a 300 Days run was 1923 at barrels. It is Likely that it is greater than mat at the present time. The number of barrels sold or 1926 is Given by the Dominion Bureau of statistics at imports in the same year were barrels Mak ing a total barrels. The productive capacity is thus far in excess of this total especially if tvs similar capacity of the few remaining plants in Canada amounting at least to barrels be added to that of the Canada Cement company. In other i words the earning Power of some three filth of the actual investment has been such As to enable interest and dividends to be paid on the whole capitalization and Bonds to be re deemed in addition to the amount of Over such a condition can be maintained Only by charging the consumer of Cement higher prices than could be maintained under free com petition in the Cement Industry. Vanir destroys All justification for. The impose a protective duty of eight cents per. Hundred this at once Drew fire from Tho representatives of the Cement Industry they challenged the accuracy of i. Darby s statement in regard to the net earnings of the Canada Cement coid Hilda and Phyllis talk about insurance Hilda i. Of hello Phyllis your confederation agent Wai. Over to see me again last night but i Haven t yet taken out my endowment policy. Phyllis Haven t you do you know Hilda i think you Are rather foolish Hilda Bat Why would mean so much Money to save each year and there Are always so Many doings i want to buy. Phyllis that a exactly the Point. You la never save because so Long As you have the Money you can t deny yourself anything. But once you have invested in a confederation endowment pol icy you will meet the premiums on it just like any other the same As i do. Hilda what a nuisance you Are Phyllis you Are so brutally logical. Phyllis Well it s something to be logical even if one is brutal but i do wish you would Tele phone my confederation Roan As you Call him and Settle it once for All Hilda i believe i shall. After All it might be rather Nice to have a nest egg at forty. Phyllis Well i expect to Cheerio Send for interesting pm Phitt freely sent upon request a woman s which tells How to provide an assured income for life commencing at fifty fifty fire or sixty. Confederation life association head office Toronto a. A Lawson Field manager for j. C. Green Arm Taue City manager. F confederation life building Winnipeg. Farmer s wife gets strength to do her work by taking Lydia e. Pink Ham s vegetable compound St. John new was All run Down from a pain in my Back and my left leg bothered me so some times that i was unable to do my work. I saw your and in and decided to give your Medicine a trial. I have taken Over seven bottles of Lydia e. Pinkham s vegetable com Pound and am now relieved of this suffering. I am a Farmer s wife and have three children. I Tell All my friends of your vegetable compound and i am sure that when it helps me it will help them. I am willing to answer letters from women asking about the vegetable compound. All thanks to Lydia e. Arthur n. Dennison 183 Wentworth St., St. John new Brunswick auction of household furniture tyo r d Sill electric Nan re Kii Chou it blast eur Gray s auction Mart "39 Smith slew on. Wednesday sept. 26tl it 2 o clock. Instructed by the owners i follows Tuo almost new chairs Wilton und Ruea Ottato tables 3 floor 5 filid Oak dint room suling. Gate leg table 4 done Rit. 3 Odd buffets it table. Vim Beds. Couches. 3 a room Tab is. Linoleum and con Rue Mats car pct and runners Jar Kitchen Cabinet Cook Range Coal _ China run Szwarc and do skins electric or. And it Host of other House terms Cash. H. J. Ghat. Phone 2 071. A Clink "set.1, it by auction1 no1 by George Shore without salves or cutting. Tho u so n is who h a to piles i of tvs orned that Quick and permanent Relief Only be accomplished with internal Cine. Neither cutting nor any amount treatment with ointments and cup Posl Aries i ill remove the cause. Bad circulation causes piles.1 there is n Ora plete stagnation of blood in the lower owl and a weakening of the parts. Or. S. Found the remedy and ailed his prescription hkmho1d. He ried it in cases with the Marvel j Ous record of in go per rend Hen decided it should be sold by druggists very where under a rigid Money Bacu a ranted. Don t waste any More time poll cations. Get a package of Heroid rom to farts drug store today. It has then Safe and Lai iting Relief to thousands and Vollda the same for you or costs of Advt. Auction Sale of contents of residence Donald Street ;