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Thursday, March 3rd, 1932 D.l-h_:lâ€"fifl-dfll Salesmen to sell Beatty Electric Washers, Vacuum Cleaners, Ironers, and Floor Polishers. _ Good opporâ€" tunity for promotion for right man. BEATTY WASHER STORE 35 Third Avenue Timmins Serious Loss by fire may happen hny time to those not fully protected by sound insurance. We can write your fire insurance at Lowest Rates alsoâ€" Life, Accident, Sickness, Autoâ€" mobile, Plate Glass, Ete. Wrap all Garbage In paper. Keep your Garbage Can cpvered Use plenty of Chloride of Lime which can be procured at the Town Hall free. Hovseholders using well water must boH it for at least 20 minutes. All Outside Toilets must be made f; proof. By Order of THE BOARD OF HEALTE 21 Pine St. North Sullivan Newton SECURITY ATTENTION HOUSEHOLDERS by the week, or one meal at low prices CONSUMERS‘ COâ€"OPERATIVE ROARDING HOUSE 59 Balsam Street (down from Fourth) WE SERVE clean and wholesome SERVICE Timmins |Improvement Noted \ in Coniaurum Mines Coniaurum Cancels Number of Options Information Given to Annual Mceeting in Regard to the Progress Made. The annual meetizsg of shareholders of Coniaurum Mines, Limited, brought out several interesting points, one being that the options which Ventures Limitâ€" ed held on treasury stock had been, in so far as the large block of shares are concerned, cancelled says The Norâ€" thrn Miner. A year ago the position was that Ventu*%es had options on 500,000 shares of Cg@miaurum at 40 cents; 1,000,000 shares 50 cents and $1,500,000 shares at $1 a share. During 1931 meetings af the board were held and maturing options were extended from time to time. In the course of the year, however, certain directors came to feel that further extensions should not be granted and accordingly shareholders were called to a special meeting to be held before the regular ‘meeting on Monday, February 22nd. ‘to the following arrangement: \ _ Cancellation of the options on the one million shares at 50 cents and one ‘and halfâ€"million at one dollar and exâ€" | tension of the remaining untaken 440,â€" 000 share option at 40 cents to Decemâ€" {ber 18t, 1932. In addition, T. H. Rea‘s on 200,000 shares of Coniaurum |at 40 cents and about 40,000 shares opâ€" |tioned to employees of the company i were also extended to December first. : Thayer Lindsley, president, explained [ the stock position and commented that Ithe experience of 1931 had been enâ€" couraging, an improvement â€" having ‘been shown in earnings, but pointed ] out that increase in profits as comâ€" pared with 1930 had largely come through "premium" on gold producâ€" tion. This was something that could not be positively counted upon in fuâ€" ture. An American shareholder preâ€" sent voiced the opinion that Canadian \ funds would not long continue to sell at a discount in New York. | A. Gordon Hardy, consulting engiâ€" neer and director of Coniaurum, made a brief statement on the position of the company, saying: "Little can be added to the reports now in your hands. These show a lbetterment over the previous year‘s | I | \ A «. operations of $0.40 per ton in net reâ€" turn of one milled; of 6 p.c. increase in tonnage, and reduction of $0.49 in costs per ton. ® i | Prior to the meeting directors agreedk pu. "Work done so far at depth in the central area of your property, down to the 2500 level, has only made modest returns as yet. We have been handiâ€" capped in this work in that our geoloâ€" gical localizing of the favourable flows in which to seek ore has not yet reached thes lower levels. We have been working here without full information and, therefore, with lack of best efficiency. "For this reason, supported by the betterments already commented on in the upper levels, we propose to defer further deep exploration 2uring 1932, to permit our geological determinations to ‘cé,tch up, and lay the groundwork for more enlightened direction of that deeper exploration." Asked by a shareholder if money now i in the treasury was adequate to bring. the mine to a paying position, with dividends in mind, Mr. Hardy respondâ€" ed that although the mine was préeâ€" sently on a paying basis the possibility of bringing it to the dividend paying status depended upon future developâ€" ments. As to money being adequate for the purpose he would say that if lateral develoriments down to the 2,500â€" {t. level continued to yield good results and if sufficient payable ore could be developed above that horizon there was money enough for the purpose. If; however, mining had to be carried to _deep levels to achieve substantial sucâ€" cess, more money would be needed. The sum of a million dollars was menâ€" tioned by Mr. Hardy and the raising of such a sum would possibly mean dilution of shareholders‘ interest, he suggested, something that was not to be | desired. In response to shareholder‘s quesâ€" tion he stated that the reasonable hope for a profitable life and dividends lay not only in favourable lateral deâ€" velopments but also to depth. President Lindsley remarked that the present® treasury position was good, with $446,000 on hand. Investments included Gatineau bonds which were slightly depressed on the market but which were highly regarded as security. At present the number of shares isâ€" sued was 2,697,447, with the options outstanding as detailed above, totalling 680,000 shares. The existing position does not prejudice future financing, if desired, for property development purâ€" poses. That Coniaurum has not yet enâ€" countered conditions parallel to those existing on McIintyre, its neighbour, was admitted by Mr. Hardy on shareholders suggestion. That the company had reasonable expectations, particularly in the eastern section of the property at depth, whs admitted. The former board of directors was reâ€"elected. "In presenting herewith the report of Mr. Redington covering operations at the Coniaurum Mine for the year 1931, it might be enlightening to reâ€" capitulate that your property adjoins and extends easterly from the McInâ€" tyre Mine in the Porcupine gold camp and that it consists of 16 claims coverâ€" ing some 7,300 ft. along the strike of the mineralized flows. Of this length In the report of J. Gordon Hardy, director and comsulting engineer of Coniaurum Mines, Limited, he had the following to say: â€": the last few months of THE PORCUPINE ADVANCE, TIMMINS, ONTARIO 5.700 ft. have received development to varying depths. From the inception of work in 1922 to the end of 1931 this development has totalled 60,496 ft., plus 56.589 ft. of diamond drilling. It has taken the main shaft to 2,130 ft. in depth and a winze from tne 2,000â€"ft level to the 2,500. From the comâ€" mencement of milling in 1928 to the end of 1931, 408,855 tons of ore have been taken from these workings, with a recovery of bullionâ€"value of $2,438,873 or an average of $5.96 per ton. "Three oreâ€"zones have been found: ‘the soâ€"called Goldale section on the ‘extreme west adjoining the McIntyre | 1 | | I 14 veins are known to exist with en couraging values. Milling The mill treated 130,585 tons of ore during the year with an average reâ€" covery of $6.02 per ton, and extraction of 96.03 p.c. of the gold content, operatâ€" ing 363.16 days, or 99.49 p.c. of the posâ€" sible running time PERFECT ILLUSTRATION OF OQONE KIND OF EFFICIENCY The New Westminster British Columâ€" bia says:â€""Efficiency is ilustrated by a neighbour who had four keys, one for his house, one for his car, one for his spare tire, and one for his desk. He carried these separately in his pockets, and every now and then lost one or another of them. Tiring of this, he bought a convenient little leather foldâ€" er containing four hocks, fastened the four keys to the hooks, stuck them toâ€" gether in his pocket, and lost them all at once. Pembroke Stanaardâ€"Observer:â€"A doâ€" putation of farmers waited upon Preâ€" mier Henry and asked that the governâ€" ment assume the whole cost of all proâ€" vincial highways. He objected on the grounds that it would be an invitation to the counties to spend more money. In replying to this deputation about the present depression, he said: "My brain has got into a muddle," confessed the premier, "in trying to find right solution Yor the economic prroblem and reading the solutions of wiseacres and i have come to the conclusion that noâ€" body has a solution and that possibly time will bring relief." New Activity Rumoured in West Shining Tree Ed. Loney, wellâ€"known mining writer f Sudbury, in a recent article says:â€" "An unusual amount of activity has seen observed recently among prosâ€" sectors and claim owners in the West Shiningtree area, reviving rumours that an attempt will be made this summer > reâ€"open one or more of the prosâ€" pects of former booms in this area. "Mast of the new activity, according to reports from the north, is in Churchâ€" l1 and McMurchy townships and, is said to chiefly around the BenneS: ~laims, while the Churchill property, formerly known as the Corona Gold Mine, is also mentioned as having been examined recently by representatives f important mining interests. On both ‘he Bennett and the Churchill cla.lms‘ there are spoctacular gold showings which might easily prove attractive to sperators who were willing to undertake further work in this old area. "The Bennett claims adjoin the Mcâ€" Intyreâ€"McDonald property to the southâ€" east, and carry a shear zone containing numerous lenthicular quartz veins and stringers varying in width from two to eighth feet. A shaft has been sunk to a depth of 50 feet in a zone in w ic finely disseminated free gold is abundâ€" ant. ‘The Churchill claims are reportâ€" ed to have a showing of splashy ‘ Lact week brief reference was made \ in these columns to the first national convention of the Central Organization of the Loyal Finnish Organization of ‘Canada. Rev. A. Lappala, of Timmins, of Timmins, was one of the delegates to the national convention referred to. The convention was held at Sudbury, and The Surdbury Star last week had |the following reference to the event:â€" ant. ed t old Best to Forget Soviet Russia, Finns Advised "Honouring delegates from all over Canada to the first national convenâ€" tion of the Central Organization of the Loya! Finnith Association of Canâ€" ada, held in Sudbury last Sunday, the Sudbury local of the Finnish Nationâ€" al Society held a concert in Wesley Hall, Cedar street, Saturday, evening. Invitations were issued to nonâ€"Finnish residents, and about 40 attended. The programme was in both Finnish and "A stirring address calling on All pesple of Finnish birth to be good Canadians, and to obey the laws of their adopted country, was delivered P t i es Finnish Lutheran Church, Canadian citizen," he declared. "We all have something to offer Canada."‘ "A ‘similar note was struck by Rev. A. Lappala, of Timmins, by Mr. Kownâ€" koski, delegate from Port Arthur, and L.2 t s c by Rev. Mr. Kyllionen, of Kirkland Lake. Mr. Kyllonen asked Finns to remember their native land of Finland and not Soviet Russia. "F. Lindbled, delegate from Montreal, recalled his arrival in this country, | when he was met at the station by a party of Finns who closely questionec him about his politics. "I was told by them that unless I wasa.oommunjstlwouldhavea.hard time in Canada," he said. "But I was intelligent, and did not believe them." ""The programme opened with an adâ€" dress by S. Salmio, president of the Loyal Finns in Canada, followed by a recitation by Miss Saimi Riikonen, Toâ€" ronto; an address of welcome by Mayor Peter Fenton; violin sclo by Mr. Muskin; a reading by Mrs. Puska, of Coppier Cliff; choral singing by the choir of the Finnish Lutheran Church of Copper Cliff; a son§g by George Haglungd, Copper Cliff, accompanied on the piano by Mr. Koivukosgi, of Port Arthur, and an address by Rov. J. F. A. Bewell, of All People‘s United Church. The programme concluded with the singing of the Finnish national anthem and God Save the King." An editorial in The Cochrane Northâ€" land Post last week says:â€""Several exâ€" changes have recently commented on that hardy perennial pist, the doo>râ€"toâ€" door peddler. It does seem that some action should be taken in the matter. If the municipalities do not have the power to control this nuisance, then they should be given that power by the Legislature. Every year there is a large amount of money taken out of Cochâ€" rane by these peddlers and canvassers, who pay no business tax and usually spend as liitle in town As they can possibly manage. They constitute nuisance to the housewife and are genâ€" erally all around pests. We heartily endorse the sentiments of the Northern News, which says:â€""Doorâ€"toâ€"door pedâ€" dlers, canvassers for magazine subscripâ€" tions, blind and lame men seeking asâ€" sistance, others asking for donations to ANOTHER SLAP AT THOSE PESTS CALLED PEDDLERS this institution and that institution are becoming so numerous that they are becoming pests. In nearly every Ccase the caller appeals to the sympathy of the person called on and in many Cases when refused, he or she becomes obnoxâ€" ious. Kirkland Lake has sufficient to do to care for its own needy without having oustiders preying upon its citiâ€" zens. Of course there are somne Cases where assistance is warranted but in most of them it is just a case of failâ€" ing to make an easy living." Toronto Mail and Empire:â€"Prince Oscar, the former Kaisers son, may seek the presidency of Germany. It looks to us like propaganda designed to let the outside world know that the Kaiser had a son named Oscar. But no person who is ashamed of f his birth can be a good Ci VWYy Vii is a large of Cochâ€" invassers, d usually they can stituite A are genâ€" heartily Northern joor pedâ€" subscripâ€" d n cenye anant n mss omm mm cmecme - | » Highâ€"Grade Samples from Week‘s Run of the Press Powassan News:â€"The editor of The News has just received official notiâ€" fication of his appointment as memâ€" ber of the Board of Management of the from the Throne to amend the Old District House of Refuge, to fill the vacancy caused by the dGeath of Mr. W. H. Stuart. Lest anyone should be inâ€" | clined to covet the position it should be stated that there is no remuneration E other than travelling expenses to meetâ€" | ings. Of couse we do not overlook a certain advantage in becoming better acquainted with the institution and possibly making reservations. London Advertiser:â€"The Opposition | parties in the Ontario Legislature should fight with all their strength the measure foreshadowed in the Speech Age Pension Act. The bill, as explained by the Minister of Public Welfare, wou‘d make it compulsory for local authorities to submit all applications for old age pensions to the Provincial Old Age 1 Pensions Commission, which would inâ€". vestigate every case and make the deâ€" cision. The pretext is advanced that many plsople are benefiting from old age pensions who are not entitled to them, and that local boards have someâ€" times used the Act for political gain. The public are not certain that this is the motive of the proposed changs, nor that politics will play no part in the administration of the Act when it is exclusively in the hands of tees of the Ontario Government. The municipalities must continue to pay as much as the province toward the cost of old age pensions, but the Ontario Government intends to deny them the right to say to whom pensions shall be paid. Huntingdon Gleaner:â€"The Pollyanâ€" na society, with its slogan "Gocod Times for You in 1932," has grown from group of seven Lees Summit, Missouri, business and professional men to an organization of several hundred memâ€" bers scattercd throughout the United States Each member has sworn to this pledge: "I heraby promise that during 1932 I will think only in terms of returning prosperity and will speak only of the same. I further promise that I will cbtain at least one new member. Should I fail to live up to my Obligation as a member, I agree to have any other member in good standing give me a good swift kick." The orâ€" ganization is financed through the sale of buttons at ‘ten cents each, which bear the society‘s slogan. Porcupine Advance For Sure Results . . You should try The Insert One Next Week One Insertion costing you 50 cents in advance will bring you what you require W. D. Cuthbertson, Barrie Examiner:â€"The futility o recent diplomatic notes rather refubes the idea that the pen is mighter than the sword. Thousands of sufferers froam blind, itching, bleeding, protruding piles are getting INSTANT RELIEF, Write toâ€"day for simple, safe and eHicient HERBAL â€"SALVEâ€"contains no harm fat drups or opiates,. Sent in plain wrapper on reecipt of $1.. Stop suffering NOW. BEST LABORATORIESâ€"Dept. A Mining Stocks Bought and Sold for Cash. Fast and Efficient Service Files containing upâ€"toâ€"date informâ€" ation on all mines, kept at office for use of clients. Commission Stock Broker Bank of Commerce Bldg. Timmins Phone 701 Specializing in Collection of Book Accounts Private Debts Rents, Etc. Mortegages 7 Reed Block â€" Phone 640 CHARTERED ACCOUNTANT Officeâ€"Room 10, Reed Block Phone 640 P.O. Box 1591, Timmins, Ont. vONSULTING AUDITOR Office Systems Installed Income Tax Adjuster ioom 2, Marshallâ€"Ecclestone BRlock P.0. Box 833, Timmins,. Ont. COLLECTION DEPARTMENT €C!. 4 I<. HTA LL Moderate Rates and Prompt Settlements _â€".'â€"-..â€"-..â€"..' 19 Shuter Street, Toronto For Information Call at Insurance Claims P.O. Box 1239