Ontario Community Newspapers

Porcupine Advance, 12 Jan 1928, 2, p. 2

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District Manager Confederation Life A. W. PICKERING General Agent m k. T. J. McNAMEE General Agent â€"â€" S( LIKE the camel which stores up large quanâ€" tities of water when it can, because the opportunity may not occur soon again. it is wise for mankind to store up some provision for the future during productive earning years, The safest and easiest way to do this is to purchase a Confederation Life policy â€"a Guaranteed Pension Bond, for instance. Then you have a reservoir that no future hazard of forâ€" tune can empty. An in{eresting pamphlet, "The Key to Happiness," will be sent upon request. Thursday, Jan. 12th, 1928 2a reseryoir ASSOCIATION E. C. WARD ARRY a Letter of Credit from the Imperial Bank of Canada. This letter enables you to draw funds in any country, and in any currencyâ€"dollars, pounds, francs, etc. â€"to the required amount. Take along also a few Travellers‘ Cheques. They will be convenient when you are not in reach of a bank, and are honoured in all countries without question. Letters of Credit and Travellers‘ Cheques may be obtained at all branches. « 5@:"!; é:\ fi it ; A*> 2y Timmins Branchâ€"D. Sutherland, manager S. Porcupine Branchâ€"J. P. Michaud, mgr Any brianck of the bank will give you painstaking and dependable service. IMPERIAL BANK OF CANADA A UNIVERSAL CURRENCY â€" Timming Schumacher BANK OF MONTREAL Cochrane BE PKEPAIQED budden emergencies often call for reacl_y cash . If you have it you do not need to worry. Prepare fFor such occasions lzy building up an interestâ€"bearin savings account in the PANK OPF MONTKEM,which protects the savings of many thousands of Canadians From one end of the Dominion to the other ‘Total Asscts in excess of $830,000,000. Established 1817 Ontario‘s Government Owned Railway and the North Land Seldom has a forecast been so wonâ€" derfully fulfilled, because, though it was known that minor discoveries of silver had been made in South Lorâ€" ‘ain, and iron and copper showings were plentiful around Temagami, the Cobalt, Poreupine and Kirkland Lake precious metals areas were yet to be found and exploited. Originally projected and built as a colonization road, the T. N. O. Railway has within the space of a few short years developed into one of the ouistanding railways of the Dominion, and though of comparaâ€" tively small mileageâ€"approximately Promoted Twentyâ€"five Years Ago to Settle Great Clay Belt, the T. N. O.has Opened Up Precious Metals Regions and Has Become an Outstanding Railway. Its Recent Extensions. vears standing railws and though of e space of a ped into one ilways of the of comparaâ€" approximately 170 s0 much so much ticle will along the route of the T. N. Railway, the mining industry appe; to be assured of an unlimited fic of operation for decades to come nowhere on this continent is the such wide disposition of the precio metals. (GGovernment geologists have ealled attention to the gre at importance of Northern Ontario‘s preâ€"Cambrian forâ€" mation which 0.\t01‘.d> to the Hudson Bay, occupying hundreds of thousâ€" ands of square miles, for future prosâ€" pecting, the greatest known single exposure of thh ancient rock formaâ€" tion in the world. Very ‘little is known at present of the (reneml geoâ€" logy and ore deposits, but it is agreed that the age and formation of the rocks revealed are very similar to 600â€"has impressed its individuality and success upon the general business conditions of the Province to which it owes its inception, and is ever proâ€" gressing and expanding toward greatâ€" er endeavour and achievement. Serving a wonderful section of Onâ€" tarioâ€"generally acknowledged to be the richest in potential mineral, agâ€" ricultural, forest and waterâ€"power wealth in the Dominionâ€"the railway has been instrumental in opening up and developing the great riches of the several mineral belts of Cohalt, South Lorrain, Poreupine and Kirkâ€" land Lake, et al., and will soon prove an important factor in the upbailding and consequennt expansion of the fields of Rouyn, Quebec. It has also opened up and inade available the vast ‘‘clay belt‘‘ region for agriculture and settlement, with the _ accompanvine _ hyvdroâ€"electric available the vast ‘‘clay belt‘‘ region for agriculture and settlement, with the _ accompanying _ hydroâ€"electric power for mines and mills, and to drive the wheeis of industry in a thousand ventures. The flourishing cities, towns and villages along the main line and branch lines of the railway speak for the permanence and 1‘e11ab111ty of its undertakings. _ The development of precious metal areas has been phenoâ€" menal in magnitude, and the present and future passibilities are to be thought of in terms of hundreds of millions of dollars of new wealth for the pr ospentv and expansion of the nation‘s business. With gold discoveries recorded in one hundred and ten (110) townships along the route of the T. N. 0. Railway, the mining industry appears to be assured of an unlimited field those known and worked in the minâ€" eral belts of Poreupine and Kirkland Lake, et al. However, sufficient knowledge is available to make it reaâ€" sonably certain that, if geological work and prospecting are mtellwont- ly and persistently followed, resuits broadly similar to those already obâ€" tained will be met with. The extension": of. the F.; 0. main line to James Bay now actively under construction to approximately 100 mills north of Cochrane, will eventually open up this vast region to the prospector, et al., and make eventually open up this vast region to the prospector, et al., and make available the known china clay deâ€" posits, gypsum, etce., and in time deâ€" velop the vast pulpwood areas and accompanying water powers for the upbuilding and progress of Northern Ontario and the Province generally. THE PORCUPINE ADVANCE, TIMMINS, ONTARIO @OomeE is there precious Canadian interest in Northern QOnâ€" tario‘s mining development has inâ€" creased immeasurably in the last two or three years. Several of the Canâ€" adian chartered banks are now feaâ€" turing Northern mining development in their newspaper advertising. Proâ€" minent Canadian industrial exeecutives now sit on the boards and oceupy presidential chairs of a number of our mining companies. Gold camps during 1926, Poreupine, $8,510,268.00; total dividends, $55,â€" 665,566.16; Kirkland Lake, $2,368,â€" 464.40; total dividends, $5,830,839.40. Totals during 1926, $12,643,744.90 ; total dividends, $163,136,744.91. The probabilities are that dividends payable during 1927 will approxiâ€" mate $12,000,000. To illustrate the vast importance of Northern Ontario‘s mining interâ€" ests it may be noted that the Sudbury district in 1926 produced nickel, copâ€" per and platinum to the value of apâ€" proximately $20,000,000, with a total production of $317,000,000 since disâ€" covery, and paid $91,356,261 in diviâ€" dends during that period. The great importance of Ontario‘s mining undertakingsâ€"more particuâ€" larly those of silver and goldâ€"is now fully realized by Great Britain and the United States, whose eapital is seeking investment in Northern Onâ€" tario to an everâ€"increasing degree. This is more reaaily understood when it is realized that within a comâ€" paratively few years the dividends paid by the preciousâ€"metals interests in the territory served by the Temisâ€" kaming Northern Ontario Railway are shown as follows : Silver camps during 1926, $1,765,â€" 012.50; total dividends, $101,640,339,â€" 35. Investment banking houses of most conservative policies now _ include mining securities in recommendation to clients, and frequently discuss them in bulletins. % In the United States also greater interest has awakened, and it is estiâ€" mated that from 25 to 35 per cent. of the capital invested in Northern Ontario is American money. In the production of gold, Ontario now ranks third in magnitude among the nations of the world. One of its mines, the Hollinger, ranks with the greatest mines of South Africa, both in amount of gold produced and tonâ€" nage treated. The total production of Hollinger bullion to the end of 1926 amounted to $114,173,038. The > Government â€" ‘of~ Ontario, through the deep interest displayed by the Premier and Minister of \Imes, is lending its influence and energies to making known these undisputed facts ]e("ll‘dlll(" the rich mineral heriâ€" industry has meant tOo the rest the Province is dim('ult to estimate At least the sum of $60,000,000 a nually is spent in vqulpment, co Very few mining districts have had the record of so many new discoveries reported as has Rou)n within the past vear. t The new discoveries extend through several townships, and on many proâ€" perties the work accomplished has now reached the point where big deâ€" velopments can be anticipated within a short time. Expectations for the future growth of the district are generally exoressed by those who are in close touch with conditions, and the advent of the T. N.O. Railway has played a conâ€" spicuous part in this expressed optimâ€" ism. Rouyn is now as readily accessible as Poreupine or Kirkland Lake, and the journey that resently took the better part of two days from Southâ€" ern Ontario can now be accomplishked within 24 hours by a upâ€"toâ€"date service that connects with all main line trains â€"north or southâ€"at Swastika Juneâ€" tion, besides the service that takes eare of the local requirements in both t importance mining interâ€" t the Sudbury so greate it is esti per cent Northert least o1 Of â€" great importanceâ€"from the viewpoint of industrial development and railway trafficâ€"awre the great areas of timber and pulpwood. Immense modern puip, paper and lumber industriesâ€"sccond to none on the continentâ€"are established at straâ€" tegic points, whose mills and plants afford continuous employment for thousand of workers. _ Every lake, river and stream carries its burden of forest wealth during the summer months. â€"It is a significant faet that directions. In regard to the agricultural pos- sibilities of Northern Ontario, the great ‘‘clay belt‘‘ affords one of the greatest expanses of fertile territory in the Dominion. It extends westerâ€" ly between the Province of Ontario and Quebec for approximately three hundred and fifty miles (350) and contains millions of acres for presâ€" ent and future development. The soil is chiefly a rich clay or clay loam throughout, and sand and gravel deposits are of rare occurâ€" rence, the rock outcrop being generâ€" ally confined to the banks of lakes, rivers, and minor waterways. Mixed farming, dairying, ete., are in full evidence along the line of the T. N. 0. Railway, and are steadily increasâ€" ing as the lands are brought under cultivation, and all crops that are produced in Southern Ontario can be grown to even better advantage in the afford continuous employment for thousand of workers. _ Every lake, river and stream carries its burden of forest wealth during the summer months. It is a significant fact that Northern Ontario is largely contribuâ€" tary to Canada‘s status as the prinâ€" cipal producer of newsprint, surpassâ€" ing that of the United States, and likely to record a production of oneâ€" ing that of the United States, and likely to record a production of oneâ€" third of the world‘s requirements in the near future. Power in Northern Ontario, due to lack of coal and cost of transportaâ€" tion from the nearest producing areas, would ‘be only obtainable at practicalâ€" ly prohibitive prices, were it not for the fact that modern engineering has solved the problem of transmitting power long distances electrically at a cost that is relatively cheap. That part of the North in which cost that is relatively cheap. That part of the North in which are situated the gold and silver mimnes is now amply mpp]wd with hydroâ€" clectric power, and of the quantites available one no longer hears comâ€" plaints. The quality of the service is steadily improving, and satisfaction with this condition is being more widely expressed by operators. The grown to North, Of > t RANK OF NOVA SCOTIA The Beiter ‘Things in Lite ESTABLIESHED 1832 Capital $10,000,000 Reser This Bank will welcome your Savings Account. . Deposits may be made by mail. 00,000 Reserve $19,500,000 Resources $245,000,000 generâ€" \ lakes, Mixed in full Business Opportunities to take a restful sea voyageâ€" to enjoy new scenes and conâ€" tact with strange peoplesâ€" these are amongst the delights of Travel, available to those who save money. To become better acquainted with your own countryâ€" often: call for the investment of money. Regular saving will prepare you to take advantage of your opportunity when it arrives. mining industry knows that its deâ€" mand for increasing loads will be promptly met as the requirements aâ€" rise, and this knowledge makes for econfidence. Outside the radius of the present systems, and awaiting the need and the â€"day, â€" approximately _ 1.000,000 horsepower is available. The territory served by the Temisâ€" kaming Northern Ontario Railway has other fe%ur,os of interest and atâ€" traction outside of its potential wealth and rapidly expandingeindustries. It is unsurpassed in its appeal to the tourist, vn('n?‘t‘nm'st. and sportsman. The country at large abounds «in moose, deer, partridge, ruffed grouse and black and brown bear are comâ€" mon on gvery hand. The rivers and lakes teem with game fish of} every description, from the savage muskelâ€" longe to black bass, silver trout and brook trout. The Temagami FPorest Reserve, through part of which the roads run, is truly a sportsman‘s parâ€" adiseâ€"50 miles by 60 miles in extent â€"and herein lies the gem of the Norâ€" thern lakes, ‘*Temagami,‘‘ with its numberless tributaries and bays. This lake contains 1,600 islands, of standard steel trains, yet one mile from the Temagami station one is in the midst of the unbroken forest priâ€" meval, surrounded by slopes of pine, balsam and fir; rolling hillside, elad in interminable verdure, untouched by the hand of man; and this condiâ€" tion will continue for ensuing generaâ€" tions, by reason of the fact that it is never to be given over to exploitaâ€" tion, but is always to remain the beauâ€" ty spot of the Northland. are vill North‘s make th Next to a smile, the most valuable of those business assets which cost nothing is the voceal expression of vour been will sed ward Established 1871 ke the nstion we To look ahead nmu of the hard and risky pioâ€" work in Northern Ontario has one. â€" Oncoming â€" generations great cities arise where today iges and virgin forest. The vast potential riches will e nation weathly. ahead means to look Northâ€" TIMMINS BRANCH John L. Hunt, Manager the present e need and 1.000,000 181 2012 @ ’\

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