SEPTEMBER 22, 1928

CIGAR

Enjoyment in Every Puff!

l‘. W.

ln-itime

"u"? °FFIGI HALIFAX,C

Ii. o. DUN & c0.

state that in the period 19M. i923 there were 35,776 fall- ures of business concerns Canada.

in

Even lf you are receiving

a good estments. you should 1n. "f: Wtlllitmllf in lnsur—. c9 m‘ l y_ No policy

holder has ever lost, a

ll"! III Income from

through the

failure of an in. surance Cfllnpany in Canada.

fife‘

AN- lll-JNTLICY ling." f"

Prince Edward Inland

CAPITAL

C ORPORA TI ON

Announces that their surpilu account as o! M18118! 3i, limit-after payment of nil dl idends to that date- totalied $839,610 which is an increase oi’ 5242-205 B"!!!

April 30. i928. . month of August alone

This reprmcllts an increase for the

of over $74,000. These in-

creases do not include unreaiired appreciation of sec- uritles held in the portfolio.

Detailed Information on Federal“! Capital Corporation gladly furnished

on request.

Eastern- Securities Co., Ltd.

INVESTMENT BANKERS

M0 NTRE AL

CIIARLOTTETOWN HALIFAX

ST. JOHN

fi?“

KEEP IT UP!

,-_- as Cash Prizes Worth

i $250

await those who collect the most/votes (represented by "F18 (m ‘erzerx batik) h; the big »

PURELLO E XCELLO

ruvonmo sxrnscr oon-rnsr

You have till Dec. 15. Get 8 supply of extracts at your lli‘_°¢@r’s, and ask your friends to save their seals f?!’ you, too!

1PM!!! and F .-' - "- Mll. dsilddu...’ “"2113”?-

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‘ipl-zsmnss; ._ ENGLISH FOX ; QNETTING Every‘ rolI guaran- Wcednfloldonly by.

== rim ROGERS 9 HAQDWABE 90...:

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. M. c. A. bulldlnz has bee" ‘Wad’

' the Chautauqua entertainment. lf

Chautauqua and

The C. A-

For several ycsrs the ofllciBlS 01 the Charlottetown Y. M. C. A. in their zeal for educational effort and clesn entertainment. have Si"!!! m‘ thusiastic support to the annual Chautauqua festival. The names of Y. M. C. A. directors and members have been prominent in the list ‘off Chautauqua guarantors. and the .

quarters for the Chautauqua lick“ selling compels"-

Thls year s still closer relation- ship has been established beiwoefl the two institutions. Under the pre- sent contract. the Kllflmmo“ P“? s certain fixed sum to Chautauqua and are responsible for the expense kof advertising and other small loco; -0utlay5; and p" receipts W" ‘m, above these sums are at the di5l>°$il log the guarantors for educational charitable or religious DUYWWS- The guarantors have decided that 0H9 ‘nrth of the surplus shall be held in resérve for future promotion of Chautauqua. and =11 lg” B??? shall be paid over to the . - - -

1n consideration of this arranBe- ment the Y. M. C. A. is giving the ‘use of its s. 55mm as 5 mm ‘or

me public will extend their petrol)- “e w Chautauqua ti?!‘ ‘hgnthglli heretofore done. a y P l u] ammewmeYMJILA. a 0c’ institution which deserves well 0 the citizens of Charlottetown. \- '-I b9 noted thlt the 3:11; diff rent from a uffihlifiylglrgl)’ xgverned the Chau- auqun gngagemeuts here. Under we present contract the entertain- mgnts are purchased for a fixed mo“; nun all profits remain for local community l! The gymnasium

COAL

AiIIICAN Anrnmlcrn

urpooes. 1,; being conven-

Ihha-‘MMQ-“Ami v Home.

maul...» but 111W-

mnwmurlnlvflelmf"

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with bu.“

rim almuorrmowu GUARDIAN

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(Conlinnql from Page 4.)

Summerside, and friends.

Mrs. Wilkins’ mother, Mrs. Stewart. who are among the new residents being welcomed to Charlottetown. Mr. Wllkln being attached to the 91min In; stat! of the C. N. R. here. Among those assisting Mrs McL-aren in -" *1 hqplumy were Mrs. J. D. Stew y. MmMulr. Mrs. Hurst and Miss Wilkins.

Lady Anne Cavendish, one of the "we! popular girls ln Ipndon Soci- ety. cannot be superstitious about ‘marriage, for she has just givenher ‘services as bridesmaid for the third time. Still, the superstition doesn't hold good, or rattler bed, when one: the fatal number three is past. Per- haps Lady Anne is going to imitate Lady Margaret Spencer, who hlu acted as bridesmaid to a dozen o! her friends in the past. t - _-

The members of the Summ Golf Club and their friends, held a vary enjoyable dance and card par- ty on Thursday night, in the spaci- ’ous and beautifully arranged haL‘ over Messrs. Holman‘: crockery de- partment, known as “Toylaadfl ' A delightful program of music we: dispensed by Wagner's Orchestra from Charlottetown. Coffee, cake and a variety of dainty confection: were amply dispensed by promlnen‘. lady members of the club. The new and splendid floor was fully occu pied until some time after mid night.

l-I

I I I Mrs. L. A. Moore, of North Syd- ney, is attending the General ses- sion of the Mission Board of tht Presbyterian Church in Toronto. A= the conclusion of the Toronto meet lng, Mrs. Moore will come to Char lottetown. to preside at the Mari- time meeting of the Mision Boar: here.

I Mr. George DeBlois and littlt |dsughter Helen, have returner‘ |ir0m a visit to Mrs. DeBlols in Sar- Eanac.

I g Much interest is being taken in lthe news of the engagement of Elzll Marjorie Coleman Huntley, only daughter of Mr. and Mrs. Jame: Huntley, King's Place, Halifax, fo' several years on the office staff o.‘ the Dept. of S. C. FL Camp. llil‘ Hospital, to Clifton Seymour Ding- well, son of Mr. and Mrs. James E Dlngweli, Midgeii, P. E. 1., weddins Huntley, King's Place, Halifax. for to take place in the near future. e - o A number of teas, entertainments and showers have been given for Miss Huntley. On the eve of her departure from Camp Kill the girls of the staff gave her a shower, in which were many lovely gifts, con- sisting of china, sliver, cut. glass and linen. Mrs. Drundage gave a tea on Wednesday in her honor. Mr. Dlngwell ls a well known traveller. and during his various visits to Halifax has made many friends. who will wish him and Miss Hunt- ley best wishes. They will make their future home in Charlottetown. I I Regretful farewells were said this week to Captain and Mrs. Murchi- son. of Buenos Aires, 8A., who leave this morning for New York. en route home, accom ‘ ’ by Mrs. Theodore Lantl. who will be their guest. The Misses Murchison and brother, who leave 1 esday to join their parents, will be greatly missed by their young friends. I I I

Mrs. (Judge) MacQuarrle, Sum- merslde. underwent n alight opera- tion at the Prince County Hospital on Wednesday and is oonvaiescing nicely.

I

Mr. and Mrs. H. V. Buntuln. ac- compurled by Mr. and Mrs. Well. McNeill. Southport. were amoulthe Islanders attending the Fredericton nhlbitlon during the pest week.

I I I

Mn. A. C. Sinclair and Min Bertha Carter were joint hammer nurrday evening at a nhowel’ at the twine‘! pretty home mgrlghtomin hum oi Min Jean I. Allen. one of thh seasons popular ln-idel-to-be. A “Mock Infill!" mus of leushter u the very lovely and useful ti!" W" F ed on Min Allen. after which dainty refreshments were served.

I I I

Ira Johnson and little dalllhter. who have been vintlne M“ moi-bl’- Mrs c. n. name. h!" WI morn- ingforthelrhomeinlfewforhoe- mmpanlld by her shin. Mb Hilda narper. who will splat! J. lnnth

. I

and other relatives

Mrs. W. A. McQu-en, hmgwmrth Avenue. invited n few friends in on Thursday afternoon to meet Mrs F. B-Wllklm. Mis Helen Wilkins and

‘occasion. whether fc-lnni oroths-

. PAGE. FIVE g Happenings I Y _ 0g The week The Public Forum E

1

1

COIONEB’! INQIJETS Bir.~Your editorial in the Guar- dian of the 19th inst. re Coroners‘ Inquest would imply that ligation was referred to. very thorough investigation made in every one. I feel method I have used in endeav ing to learn the was

which you quote. and I am rertaln it is far more satisfactory to the friends and relatives of the ceased. Imny also add that facts which I am able to clde whether an inquest saryornotsothatifyou have criticism to ofler please direct _ at me as I feel that I am entirely responsible as coroner. ‘ l‘ This does not mean that I never xmsult the Attorney General.‘ On the contrary I very often do and he reply invariably has been to ‘use my own judgment." i I am, Sir. etc, - J. A. HOUSTON. MJ). ' Oorone

from

it

‘i

(The attitude of Dr. Houston on ‘he matter of Coroners’ Inquests is no doubt dictated by sincere sym- pathy for the relatives and friends 1f the deceased. It may be that in zvery cue where no inquest was ield the circumstances were such hat to him it appeared unnecess- iry to probe further into the mat- Ii er, and that no good end would be "erved thereby. It. is true. also, hat as Coroner. Dr. Houston has ertain discretionary powers. But hese powers, we submit. are strict- y limited by the Act. Where there s reasonable cause to suspect (a) hat a person has died a violent or n unnatural death, or (b) has died \ sudden death of which the oausc s unknown. the coroner hm no hoice, under the Act. but to sum- non a jury and inquire into the rouse of death. There is no room Here for discretion. His duty in hose circumstances is imperative. is a medical man he may consider he holding of an inquest unneces- ary. but the point is that he is not ~. medical man quo ad the perform- mce of his duties as a coroner. It s only by accident that he is a ioctor as well as an officer of the ‘Jr-own. His first duty is to the ltate, and the State has properly llaced a very high value on human ife. It is l0 satisfy the State that trict provision has been made for he holding of coronersinquests. To llterpret the law in any other sense ll’ to act upon individual opinion. lowever well qualified. is to create i dangerous precedenLmEd. G.)

zerved by Miss H. Stewart, Miss V.

ldcGulgan, Miss V. Robinson, Mrs."

uarjory McLean. .

The ton hostesses at the Golf Links this afternoon are Mrs. Mc- Cready, Mrs. H. J. Palmer, Mrs. F. E. Smallwood. Mrs. J. D. Stewart. Mrs. W. C. S. McLure. u t - Quite a number of tile members are going to Summerside this af~ ternoou, the guests of the Summer- side Golf Club for a friendly game. I I I

Many friends here learned with regret of the death of Mrs. Enoch‘ Paige. of Vermont, announced this week. Mrs. Paige's summer home, Dunvegan, at Cardigan, was always the centre of hospitality during her annual visits.

Mrs. Eveleen K. Murphy. wife of the late Senator Murphy, accom- panied by her sistor, Miss Clarke. and Mr. Reginald Murphy. Ottawa, were among the visitors in the city this week, renewing friendships.

During their brief visit to the Island L: they were the welcome guests of Mls Margaret McCabe. Bedeque. o e e» -- The Fall style openings held here this week, showed th;t afternoon frocks are dressier in effect than they have been for s long peTiod, their general outline following along the trend of eveningygowns, with the uneven hemline invariably shown, and the wandering waist- iinegoingbackinagreotmnnyln- stances to its natural position The flat hlpllne is a great consideration, too, in daytime dresses, with the cir- cular cut skirt in many variations beinz lereed upon. I I

0D.

Ill

Transparent velvet. “tin, Ind lace. and naoire silk are used for the more formal occasions, and for informal weer jersey cloth, and woollen knitted goods are among the most prominent favorites.

I I O l-fntsmultheopertoftlletout ensemble. but simplicity must reign supreme. Whether etweddingare- captions. ordinary street wear in the morning or for the afternoon.

luvebeenutilimdhmillineruthia yeurtoptodueemodelo fin-every

who. pelt. or- felt combined with

LIMITED. v-w '

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mdlnogmulmuwlizlun-

IIIOGIU item in hots, llthotlgh

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volvet. hatter‘: plush, and panne velvet are all seen, but usually in happy combinations with felt.

Jewelry is to be worn as part of the ensemble rather than because of the mere fact of its being some-y min; pfgcluug mg m); m gup up-llatchery, B. R.:, hen No. 3 still leads ,

kl“!- of NU"?- ll? llWlYl ingflfld Mr. Everett HOVICC‘! WL. N0. good taste. and this season there Iii") Ire fourth With 333-9 901M8-

pearls in all shapes, siaee and de-, signs. '

In summing up the “tuation. Rn“ 9n UNI-en!‘ ‘m, Wm“ i lllldua single word expresses the prevailing pm u," an.» u“; pom idea. and that in "harmony." Every- uung nut harmonize m milldy‘! W» 11-"14 8w "N! polo"- oostume, from the tips of hardainty toes to the crown of her permanent- ly waved hair. Nothing must clash m- ltnnd out. n who:

nurmmaoenmnumurtw . 1 put of u» m: ensemble. and w. 14030158’ Athlekfl eflectwbnieerriedout along these ilndllnarflideal for

iineehtrulyndonbiesttrrirlgtbe imagination‘ ofeven the molt

ltyledemlndllimplioityofoutlino“ u ; hlloanhlegilsdownhtrdnesttrerinhshinto" and harmony. , -~-‘-» l -~ ‘ w oee l wee flllln,‘ 13mg‘ », mu illevsrythape ma form i sweetheart fromaTmm" t; ‘a

Mr. Olifl

. Permanent Investment“

C IPAL and the POSSIBILITY OF ADDITIONAL RETURN ON THE INVESTMENT.

These FIRST IIORTGAGE PERPETUAL DE- BENTURES, will probably not appeal to those who hope for unusually large profits, which often become losses. These securities are not the type that have Japid increases or decreases in values.‘ ‘Hie steadi- ness of value of mortgagesecurities has, fpr years, been recognizedas taking first place among all securities. They are investments for today and the future. They are backed by solid, substantial earnings of city pro- wfirs- ».» 1i.i\l\'<_'

In these FIRST MORTGAGE PERPETUAL DF- BENTIJRES you have the normal profits from the operation of city buildings, as well as the steady ill- crezlse in values. which should make the participation rights of these (lt-bcllluftfa’ very valuable for many years to come.

In determining the difference between an invest- ment and a speculation, it does not require a great deal of consideration onflie of the investor, to realize that upon PERMANENCE rests the assurance, that the principal placed in the security WILL REMAIN INTACT AND NOT DEPRECIATE. -

The PERMANENCE of an enterprise is its most important element and-those placing their funds for investment, should exercise the greatest care to estab- lish this fact beyond question. \\'ithoul the element 0f permanence, the placing of investment funds can- not be called an invesunent,

These FIRST MORTGAGE PERPETUAL DE- BENTURES combine lllc clementsyof safety in first "101183895. D1115 a portion of the advantages and pro- fits accruing from lhe ownership of large city build- ings, where values are constantly increasing. illcy combine in the greatest possible degree, a LIBERAL INTEREST RETURN. i'R(_)'lIiCll(,),\‘ OF PRIN-

_ $1,000,000 _6% First Mortgage Perpetual Debentures—Series “A" CITY BUILDINGS CORPORATION, MONTREAL.

AN INVESTMENT TRUST

Series “A” First Mortgage Perpetual Debentures are limited to $1,000,000 and are

issued fully registered in any multiple of One Hundred Dollars. Interest is payable on

the first days of May andNovember in each year. They are transferable at the office of the Trustee.

Trustee: The Quebec Savings & Trust Company, Montreal.

SECURITY: All city properties to be pledged as seeurityfor these First Mortgage Perpetual Debentures shall be own- 94 outrisht by m8 Cwporation, the Trustee holding a lint bypothec, mortgage and pledge thereon, as set forth in the Th!“ DWd- F1!“ 110118889 Peflleillfll Dellenfllfes Wbfll secured by such immoveable properties are isued only up W "w appraised "Ive M pmpertis so pledsed as provided for by the ‘Trust Deed. and these securities . presen a dir- flit m!“ 310118886 and ohflfle- 8161M my Pllmhflfie money mortgages existing when the iminoveoble properties so pledsed are eooulmdby the Corporation The Trustee rerslns the proceeds from sufficient debentures m repay an)‘ such purchase money mortgages when find is they mill-Iro- All immoveable properties to be held under this Deed ihflll be slwatcd in srpwins Canadian cities with a population of fifty thousand or more.

First Mortgage Bomb on City buildings, Municipal, Provincial. or Dominion bonds and First Mortgages on City properties, as well as cash may, subject to the restrictions of the Trust Deed also be accepted by the Trustee as security for these First Morten!!! Perpetual Debenturs.

The Trust Deed provides that no vacant land or be pledged thereunder.

EARNINGS: The total estimated net earnings of all immoveable property from time to time pledged as Sflfilflty 1°? these debentures must. not be less ilmn one hundred and tenper cent. 110%) of the annual interest charges upon _any of this Series of First Mortgage Perpetual Debentures issued on the security of such property, and the acceptance o! - further or other properties under the terms of the Trust Deed must maintain this ratio. Thu provision does not apply (o other securities acceptable by the Trustee under the terms of the Trust Deed but the nature of securities will can be accepted other than immoveable property assure both the capital and interest of debentures secured by them. The stability of earnings on property in the heart of large cities isremarkable and probably not equalled by the record 0i (my other phase of buslnem activity. Even in the case of the fall of an empire; property in the heart of its cities has survived and continued its earnings. The exml stability of the income back of these First Mortgage Perpetual Deben- tures is due to the fact that a number of income producing properties, rather than one or two (and or other IIIVCISIIIGU security) are held. thus creating a realty or mortgage investment trust. y

PARTICIPATION: In addition to the interest payable to the holders of these debentures. all of the debenture holders of the Company shall be entitled to receive, after payment of a dividend of One Dollar 61.00) per share on the filled common shares (9,000 shares lsued) of the Company, an equal one-half (h) of any further sum available for and declared as dividends in each year equally and rateably divided between them.

RIGHTS: Purchase Warrants will be attached to thae Series "A" First Mortgage Perpetual Debentures giving the holders thereof the right to purchase (prior to the offering to the public) a proportionate amount of Series "B" Rust Mortgage Perpetual Debentures if as and when lsued, at a discount of 2“. from the public offering price, when purchas- ed through the Investment House handling the original purchase.

LISTING: Upon the distribution of these First Mortgage Perpetual Debentures. Series application may be made to list them upon the Montreal Curb Market. _

BEDEIIMABLE AT A PREMIUM: In the event of any property owned by the Corporation being exproprlated. con- dfifllntfd- 5°15 by or taken over from the Corporation, or at. the election of the Corporation after three vcflrs from the date of imle, these First Mortgage Perpetual Debentures may be called and redeemed es provided for in the ‘I'm-ii Deed upon 30 days’ notice by the payment of interest to date and the principal sum plus a premium of one per cent (iii-l. MANAGEMENT: All of the properties shall be subject to the inspection of the wrusme. and the rental accounts shall be audited regularly by a Chartered Accountant and a statement flied with the Trustee each six months.

TRUST DEED: Copy .f the Trust Deed is available for inspection at the office of the Corporation and at. the office of the Trustee.

lVv ofivr Ihvsr Firs!‘ Jlorlg/ug.‘ Per/wind! Dvbrnlurvs if, as um] t. hon issurd and rvrriiuui b)‘ us, silbjvcf Iv flu‘

Infill approval of Mqssrr. Form", Plum’ Hnrkvrt. .\Iu!':'.~lla_ Hark. It & I-‘uslrr. J/("Ilfflll- All rulmriu! duals nav-

frrlingIhr/vrufvrrirs fIrdg/vd Ilvrvnrulrrirl lllvprurillrruf Qhrrbrl" xvii! 1'." fussed h)’ dlvssrs‘. Llgllfull um!

Bridgman. Nuluril-r, Allmlrvul. Orliurin prupcrlil-s rub/h‘! to tllv Icyu! (rt-prowl! nf lhc Ontario Llmnsvl for Ilia‘ (“u)|l/>a|l_\'.

4

property that cannot accommodate three or more tenants H18?