Ontario Community Newspapers

Porcupine Advance, 18 Jul 1917, 1, p. 3

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€000006000000000006000400460000000000000000000000006009 $s * ~ ~â€" THIRD AVENUE 6 040£:0000900000000000000000400000000¢$ Â¥it td Phone 64 P.0. Box 186 Cc E2 afior Cvyery /5 TIMMINS SCHUMACHER Al kinds second hand Mining Machinery in firstâ€"class condition. Boilers, Hoists, Pumps, Drills, etc. Next Imperiai Bank :: Timmins Every da; 7 boxzkes from home ore going to the boys in the trenches. And of the thizss they get, a‘great prize is WVRICLEYS â€"the ~Gum with Lasting Flavour. It takes the place of food ard in case of need â€"whica is c«sten. It keoeps spirits upâ€"gives vigour and vim. A packet in the pocket lasts a long time. Lumber, Building Materials Coal and Coke, Mine and Mill Supplies AGENT FOR Colonial Steel Companies Famous RED STAR BRILL STEEL Aa mt uk O :. g"/\m'b fjé/ Real Estate and Insurance TIMMIJNS and SOUTH PORCUPINE C Ui:e Flavessr Lsa . G. DICKSO Phone 95 B § .,f; qh 6194 Timmins Representative Y ard and Warehouse SOUTH PQRCUPINE Phone 30 P.O. Box 319 which yearly, 6 Ithe ew and at Debent B.â€"] benture ! ority c i ‘ raised | the pro ed in t essed 1 an C A Byâ€"Law providing for the issue of Separate School Dehentures to the amount of $30,000, for the purpose of constructing a Roman Catholic Separate School in the Town of Timâ€" WHEREAS, the Board of Trusâ€" tess of the Roman Catholie Separate School for the Town of Timmins, is desirous of borrowing the sum of $30,000, for the. construction of a Roman‘ Catholie Separate School in the said ‘Town, and BYâ€"LAW No.: WHEREAS, the sum of $30,000, is the amount of the debt intended to be incurred by this Byâ€"Law, and WHEREAS, in order thereto it is desirable to raise by way of loan on the creditgof the said Board of Sepâ€" arate School Trustecs the sum _ of $30,000, for the purpose aforesaid, secured by Debentures bearing interâ€" est at the rate 60% 5 per cent. per annum as hereinafter provided, the proceeds of the said Debentures to be applied for the purpose aforesaid and to no other, and WHEREAS, it is desirable to issue said Debentures at one time but to make the principal on said Debenâ€" tures repayable in yearly sums duâ€" ring the period. of I‘wenty years beâ€" ing the currency of the said Debenâ€" tures, saidl yearly sums to be of such respective amounts that the aggreâ€" cate amount payable each year for principal and interest in ‘respect of the said debt shall be as nearly as possible equal to the amount so payâ€" able in each of the other Nimeteen vears of said period as shown in schedule **A‘‘ hereto annexed, and WHEREAS, the total amount reâ€" quired by the Municipal Act and by the Separate Schools Act to be raised annually by special rate for paying the said debt and interest as hereinafter provided is $2407.28, and WHEREAS, the amount of _ the whole ratable property liable for Roâ€" ran (Catholie Separate School rates in the said Town of Timmins accordâ€" inge to the last revised _ Assessment Roll ofeths Said Town, being the one for the vear 1916, is $337,200.00 and WHEREAS the said Roman Cathâ€" oliec Separate School Board has not previcusly ereated or incurred any Debenture Debt, and WHEREAS, it is necessary that such sum of $2407.28 shall be raised and levied in each year during the said period of Twenty (20) years by a special rate sufficient therefor on all the property real and personal of the said Separate School Board ratâ€" able for Roman Catholie â€" Separate School purposes. THEREFORE, the Board of Trusâ€" tees of the Roman Catholie Separate School for the Town of Timmins enâ€" acts as follows: 1.â€"It shall be lawful for the Chairman"and the Treasurer of the said Board of Trustees of the Roman Catholie Separate School for the Town of Timmins to raise by way of loan upon the security of the Debenâ€" tures hereinafter mentioned from any person or persons, body orâ€" bodies corporate, who may be willing to adâ€" vance the sum upon the credit of sueh Debentures, a sum of money not exâ€" ceeding in the whole the sum of $30,â€" 000, and to eause the same to be paid into the hands of the said Treasurer for the purpose ard with the object above recited. 2.â€"It shall be Jlawful for such Chairman such Treasurer to cause any number of Debentures to be made in amounts of not less than ©100,00 each for such amounts _ of money as may be required. for the purpose aforesaid and not exceeding in the whale the said sum of $30,000, and the said Debentures shall be sealed with the seal of the said Board and be signed by the said Chairman and Treasurer. ' | 3.â€"The said Debentures shall be dated and issued all at. one time within two yvears after the date at which this Byâ€"Law is passed and shall be made payable in Twenty (20) annual instalments during the Twenty (20) years next after the date of the issue thereof of such amâ€" uints respectively that the aggregate amounts payable for principal and inâ€" terest shall be equal as near as may be, at any branch of the Canadian Bank of Commercee, in said Town of Timmins or in the City of Toronto. 4.â€"The said Debentures shall bear interest at the rate of 5 per_ eent. per annum from the date thereof, which â€" interest shallâ€" be payable yearly, in each and every year during the mmem vy thereof at the same time and at the same place where the said Del)entures are made payable. ~5.â€"During the currency of the Deâ€" bentures to be issued under the authâ€" ority of this Byâ€"Law there shall be raised annually by special rate on all the property real and personal vestâ€" ed in the said Board and on the assâ€" essed value of all the property in the Town of Timmins ratable for the Roâ€" an Catholie Separate School purâ€" puaes in addition to all other rates, lluxea and other assessments the sum af $2407.28 for the purpose of payâ€" ingâ€" theâ€"amount‘due in each of the said years for principal and interest in respect of such debt as shown in Schedule ‘‘A‘‘ hereto attached. and such sum shall be a charge upon and shall be deducted from any monies raised and levied ih the said Town of Timmins during the said period for Roman Catholic Separate School purâ€" poses. 6.â€"The Chairman and Treasurer of said Board may cause the said Deâ€" bentures or a sufficient amount thereâ€" of to be sold or h;ypothecated and the proceeds thereof after providing for the discount (if any) and the expense and negotiations of sale thereof, shall be applied for the purpose above specified and for no other purpose. 7.â€"The Debenture to be issued hereunder shall contain a proviso in the following words«‘This Debenture or any interest thereunder shall not,. after a certificate of ownership has been endorsed thereon by the Treasâ€" urer of the said Board, be transferâ€" able exeept by ‘entry of tire ~said Treasurer in the Debenture Book of the said Separate School Board"" or to the like effect. 8.â€"This Byâ€"Law shall take effect on and after the passing thereof. DATED at Timimins this 4th day of July, A.D., 1917. NAP CARON, Secretary. _JOS. TREBOUTAT, Chairman. SCHEDULE â€""A" REFERRED TO IN the foregoing Byâ€"Law of the Board of Trustees of the Roman Catholie Separate Scehool for the Town of Timmins showing how the amount of #2407.28 thereby required to be raised annually by special rate is apportioned. _ . Year â€" Prircipal _ Interest Total 1918 1919 1920 1921 1922 1923 1024 1925 1926 1927 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 Emma â€" Goldman â€" and _ Alexander Berkman, Anarchists and Free Love artists, were found guilty at New 4 York last week of eonspiracy to obâ€" struct â€" of â€" the Selective Draft. After the finding by the jury in the Federal Court, Judge Mayer imposed the maximum penalty of twa vears in the Federal Penitentiary and THE U.S. KNOWS HOW TO DEAL WITH TREASON An allezed outbreahk of U is reported among the â€" fourâ€"legged dogs of Peterborough County. $30,000.00 +©18,145.60 $48,145.060 907.28 952.64 1000.27 1050.20 1102.80 1157.94 1215.814 12706.03 1340.40 1407.40 1886.106 1980.48 2079.50 2183.47 147 7.86 1551.15 1629.34 1710.80 17906.35 229092.05 1500.00 1454.04 1407.01 1356.99 1304.48 1:249.34 1191.44 1130.065 1066.82 q209 .42 §$55.5.3 7 i1.04 68G.48 610.093 521.12 4206.80 223.81 114.63 8So LOPF‘ 2 S2‘LOPF 2 82 L0PF‘ 2 8So L0F‘ c So L0F‘2 So‘L0F‘2 Sa‘L0r‘ 2 SE 8 L0OF‘ T o SC‘L0F‘c Sc‘ZL0OPF‘ c 82‘ L0F‘C 82 2L20OPF‘ 2 86 ¢L0F‘0 Sc‘l0F‘at 183L Kirkland Lake Has "Golden > "\ Mile" of Properties in Camp S. R. Clarke, wellâ€"known in the North Land, recently wrote interestâ€" ingly and effectively about the Kirkâ€" land Lake Camp. First he with the formation and other _ technical matter. Then he took up the inforâ€" mation and comment that will be of more general appeal to the publc. Writing from Kirkland Lake â€"itself Mtr. Clark says: OLD PROSPECTORâ€"JOURNALIST WRITES OF KIRKLAND LAKE, ITS FORMATION AND ITS PROSPECTS AS A COMING MINâ€" ING CAMP. *Tellurium, in ecombination _ with gold, silver, lead, bismuth or antimâ€" ony, occeurs, tho very sparingly, in various parts of Ontario. Away back in 1880 sylvanite, a telluride of gold and silver, and nagyagite, a telluride of lead and antimony, were found at the Huronian Mine in the Township of Moss, about 125 miles west of Port Arthur. At a later period, hessite, a silver tellaridoe, was â€" discovered _ at Pine Portage Bay, in the Lake of the Woods, and tetradymite, a telluride of bismuith, oceurs at the Mikado Mine about 40 miles southwest of Kenora, Ont. There is only one known occeurrence of tellurides at Poreupine. â€" Hessite, carrying also some gold, has been identified at the Powell claim, in the Township of Deloro. At Cripple Creek the bulk of the gold is found in the country rock and not in quartz veins, while at Kalgoorâ€" lie the matrix of the gold is scehistose, highly silicified country, which is imâ€" pregnated with prylite tellurides of gold and free gold. So at Kirkland Lake much of the value is in the feldsspar, porphyry. There is little or no vein structure or shearing or outerops of quartz and the soâ€"called veins usualiy betray their presence by a mere erack on the surface genâ€" erally not halfâ€"anâ€"inch wide. i A novice at these mines would nevâ€" er suspect that the dumps contained ore. _ They are largoly composed of the prevailing rock of the country. But Kirkland Lake has the goods and the counterpart of Kalgoorhe‘s *‘ goldâ€" on mile."" On the principal lode in the Australian field there is the â€" Great \ Boulder, lvanhoe, Golden Horseshoe, Perseverance, Oroyaâ€"Brown Hill, Asâ€" sociated and Lakeview _ eonsols, all mines well and favorably known in the mining world. So Kirkland Lake has the Toughâ€"Oakes, Wrightâ€"Harâ€" eraves, Sylvanite, Lakeshore, â€" Teckâ€" Hushes, Kirkland Lake, Elliott Kirkâ€" land and United Kirkland, all dsâ€" posed side by side in the order namâ€" n Nesc re T elal ed, along the principal lode of the camp. _ The Toughâ€"Oakes is at tho eastern and the United at the western end of the chain. . And there is a sound geological reason for this alignment of the working mines for this ‘‘golden mile"‘ of the golden north. There is here a well defined synclinal fold and at its base there is a contact between the Timiskaming or sedimentary series and the igneous rocks of the district and this i$ a zone of special is clearly defined on the geological map issued by the Ontario â€" Burean of Mines. . Anywhere along this contact there is an exeellent chanee for a mine. â€" The formation throughout is the same and the development of ono mine goes far to prove the value of the adjoining ground on the samo lode. Telluride gold fields have usually high grade ore. The â€" Toughâ€"Oakes the prineipal producer so far, shipped 101 tous, averagzing over $400 per ton. The run of the mine is now about $20. This mine and the Teckâ€"Hughes aro now producing and it is expected that the Lakeshore and the Kirkland Lako will be brought in before the end of the yvear. The latter.is owned by tha Beaver Consolidated in Cobalt and its progress is very satisfactory. The mines of this distryt are no? as large as those of Porceupine but in point of production Nirkland Lake ranks next to Poreupine and several properties in addition to those menâ€" tioned are now starting work in ithe camp. Probably the most important of these, because of its position on the main lode is the United NKirkland gold mine, It adjoins the Elliotâ€" Kirkland on the west and is near the centre of the great lode. In this posâ€" ition it has an excellent chanee. n fact the work already done in â€" the same formation by adjoining mines goes far to prove the value of this eround. , It is reported that the Lakeshore has lately opened out an exceptionally large body of high graile under the lake. The T. N. 0. Railway have surâ€" veyved a spur line from the station at Swastika to the towansite, a distance of five miles,. â€" Wien completed this will bring the Toughâ€"Oakes within one mile of the steel while the other mines on the lode will have adequate transportation right at their doors. Two â€" German â€" spies.â€"Carl _ Heyâ€" man. described as an organizer, and an authority on Me \l(.u affairs, and F. A. Burgemeister ‘alleged to be a spy paymuaster, were arrested recently in New York and sent to Ellis land for internment.

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