Ontario Community Newspapers

Porcupine Advance, 7 Dec 1933, 2, p. 6

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(From Rouynâ€"Noranda Press) A number of weekly newspapers have recently had reference to the activities of slick canvassers who from time to time invade every community with advertising schemes apparently designâ€" ed more to enrich the pockets of these salesmen than to benefit the advertiser. In recent months a number of these artistsâ€"have cperated in Rouyn and Ncranda and most of them have been suceessful in including quite a number of merchants and other business men to fall for their schemes. A couple of tm decamped without giving any value whatever for the sums collected, while, spz°aking by the large, none of these varicus plans for inducing busiâ€" Beware the Flyâ€"byâ€"Night Advertising Scheme Lads â€" Natural Teeth â€" Evenings T9 Photie 63 strangth of a bank dm:amnya: mm, its policy, its management astent dln ‘resources. For 116 years the Bank of Montreal has BANK OF MONTREAL leaving an excess of Assets over Liabilities to the Bxblic of $ 76,317,090.20 rom,pame:, the stock and bonds of these companies are enâ€" trely owned by tbc Bank aud appear on the books at $1.00 in each case. All other of the Bank‘s premises, the value of which largely cxrnd: $14,500,000, appear under this heading. Real ‘Estate and Mortgages on Real Estate * uired in the course of tbc Bank‘s lm.tmeu and in process %cing realized upon. x Customers‘ Liability under Leti¢rs of Credit . Represents liabilities of ‘customers of Letters of Credit issued by the Bank jor their accos zi. Other Assets not included in the Foregsing . â€" Making Total Assets of . ~. .. . }.~. : Stocks . s 4 : s Railway and Industrial and other stocks.â€" Call Loans outside of Canada . $ : Secured by bouds, stotks and other negotiable securities @) greater value than the loans and representing moneys quickly available with no disturbing effect on conditions in Canada,. Call Loans in Canada . A Payable on demand and secured by bonds and stocks of greater value than the loans. Bénkers’ Acceptances + s % 3 Prime drafts accepted by other banks. TOTAL OF QUICKLY AVAILABLE RESOURCES â€" to 71.15%, of all Liabilities to the Publi¢c) Other Loans . . : 2y B 514,911.33 36,354,280.98 # 7,6007,169.32 111,293.01 492,526,984.90 251,885,262.61 LIABILITIES TO THE SHAREHOLDERS RESOURCES To meet tbe foregomg Liabilities the Bank has Cash in its Vaults and in the Central Gold Reserves . Notes of and Cheques on Other Banks . . LIABILITIES LIABILITIES TO THE PUBLIC Bank Premises stt e Three properties .afily are carried in the names of hoilding companies; the stock and bonds of these companies are enâ€" Total Liabilities ltems which do not come under the foregoing headings, inâ€" cluding §9,000,000 advances from the Dominion Government under The Finance Act i Total Liabilities to the Public â€" .â€" 3 . Deposits s x /. s A e Payable on demand and after notice, Notes of the Bank in Circulation _ : Payable on demand. Bills Payable . . We Time drafis issued and outstanding. Letters of Credit Outstanding Financial responsibilities undertaken on behalf (see offâ€"setting amount [x] in "Resources" ). Other Liabilities s s . Payable in cash or ‘presentation. Money on Deposit with Other Banks :. s Available on demand or at short notice. 3 Government and Other Bonds and Debentures. : Not exceeding market value. The greater fomon consists of giltâ€"edge securities which mature at early dates Established 1817 A presentation, in easily understandable form, of the Bank‘s Capital, Surplus and Undivided Profits and Reserves for Dividends . This amount re[ruem: the shareholders‘ interest in the Ban/e, over which liabilities to the public take precedence. to meet payment of Liabilities 1o the Public of Balance.of Profic and Loss Account, 31st Ocuober, 1932 . "'fl".j_nf?mfitdl.owamdfwmrd ts 4 > Profits for the year ending 31st Octuber, 1933 Dividends paid or payable to ‘Sharchoiâ€"ders Provision for Taxey Dominion Govern nent . To manufacturers, farmers, merchants and others, on condiâ€" tions consistent with sound banking. PROFIT ani LOSS ACCOUNT Orillia Newsâ€"Letter:â€"Iceland, after years of trial, is another country that decides it has had enough of prohibiâ€" tion by a vote of two to one for repeal. Orillia ‘becomes more isolated> eveary men in giving it their support are not only following what is regarded as the best plan for publicity but are doing rteal service to the community in supâ€" porting an institution which is conâ€" tinually working for th8ir interests and welfare and for the town as a whole. Bo â€"we â€"repeat, beware of advertising fakirs and put aside the money hereâ€" tofore given to these gentry for legiâ€" mate advertising in The Rouynâ€"Noranâ€"| 31st October, 1933 of customers $3,060,000 :90 508,55¢6 .8i °J if ~P S NP 3 :~ Joint General Managers * 316,967,375.69 $768,5325,908.65 3,668,558 .81 $ 78,6831217.88 26,953,876.82 $641,346,710.12 Many here will be interested in the following preliminary report by M. E Hurst, of the Ontario Dept. of Mines, on the Red Lake area:~â€" ‘The past season has witnessed a marked revival of interest in the Red Lake area. This activity has been stiinulated by the continued high price of gold and by the low operating costs attained at the Howey mine, at preâ€" sent the only producing property in the area. A number of showings that have lain dormant for years are now being further explored, in some instances by underground workings, and a diligent search is being made for new deposits. The basin of Red Lake is underlain by a belt of Keewatin greenstones and Temiskaming sediments, 3 to 12 miles wide, that entends from east to west for more than 30 miles. These forâ€" mations rest upon and are bordered on the north and south by batholithic ‘inâ€" trusions of granite. The main granitic invasions were preceded by widespread folding and fracturing of the greenâ€" ® 768,535,908.65 692,218,818.45~ 692,218,818.45 76,317,090.20 25,334,859.87 14,500,000.00 33,819,807.50 10,642,442.25 6,151,280.54 1,739,629.83 1,732,750.77 6,151,280â€".54 $ 4,005,153. 59 258,578.04 336,594 .78 1;248,856. 50 Nok 3 5 1 . 28 s3 i3. is 4. Underground : exploration * of the former Nortricia or Red Mammoth proâ€" perty is now being carried on by Marâ€" garet Mines Ltd. This deposit consists of a faulted carbonate zone (in greenâ€" stone) containing a network cf auriâ€" ferous quartz stringers; This zone strikes N 20â€"40 degrees E. and dips about 70 idegrees S.E. It has been traced in surface workings for about 1,000 feet and ranges in width from a from a few feet to 60 feet. Most of the quartz veinlets trend in a northâ€" westerly direction. Although the disâ€" tribution of the gold is exceedingly erâ€" ratic, surface sampling has indicated material of commercial grade over a 5â€"foot width for a length of 175 feet in the northeast portion of the zone. A T5â€"foot shaft sunk by the forme: operators entered the footwall of the zone at a depth of 65 feet. At this level the carbonate is about 25 feet wide.~The shaft has been extended to a depth of 200 feet and lateral developâ€" ment is in progress at the 175â€"foot level. The Couchenour property, located on the mainland to the east of Mackenzie #slend, has been extensively explored by stripping and trenching., These workings are spaced at intervals along a zone of fracturing that has been traced from east to west for 2,000 feet. This zone is marked by a series of lenâ€" ticular, carbonate bodles each several hundred feet in length and about 30 feet in width, these bcoiies are, in places, partially silicified and traversed by auriferous quartz stringers. Both the carbonate and the adjoining greenâ€" stone usually contain some finely dis:eâ€" minatsd pyrite and arsenopyrite. Viâ€" ible goil is widely though erratically distributed throughout the whole zone of fracturing. n some exposures preâ€" glacial weatherin. of the carbonate has been preserved to a depth of 10 or 15 of ‘quart.: AVADLZWALIG, +V L UIIC AZ About 3,500 feet of diamand drflling has 4 ment by The News:â€" been done on the most pi mmising showâ€" "The News is still oper} to receive ings. work confirmn‘ed the Dreâ€" | timited quantity of "oold pMatoes," 1 sence of a large tonnage o. lowâ€"grade not too eold, and will even aocept ‘ material the average value of which air" orm of good cwood, canonlybeascertaanedbybulksamp- inthet _e!_ h iing and milling tests. Considerable surface exploratin was| don° during the summer on the ‘Thisâ€"|, holm | in the East Bay sec‘tm LC tÂ¥ .. 2l U q2 o of quarts u) to 7 feet opened un Im' abeut O N c oo en Sn e c c n 0 w 0 feet. This condition has given rise to a considerable concertration of gold at in the shaft at a depth of 191 feet. Ti is said. to continue from 30 feet below that point and to contain a number ‘of goldâ€" bearing quartz stringers. In addiâ€" tion to visible gold, the veins contain small amounts of pyrite, arsenopyrite zincbhlende and ankerite. Toward the south the main shear passes beneath the lake, its projected strike lying several hundred feet east of the shoreâ€" line of the Gold Eagle Syndicate proâ€" perty. ana Deiow the principal zone. <« The principal shear zone was encountered Mackenzie Red Lake Mines, Ltd., has completed a 3â€"compartment shaft to a. depth of 275 feet and lateral workâ€" mgs are now being driveh on a shear zone containing auriferous quartz veins. This zone intersects coarseâ€"grained quartz diorite, strikes N 10 degress W, and dips about 40 degrees West. It has been traced in surface workings for about 250 feet and has been intersected at intervals by diamond drilling over! a total length of 1,300 feet. At the surface the principal shearing extends over widths of from 5 to 15 feet but the volume of quartz is considerably less the yeins ranging from a fraction of an inch to 3 feet in width. . _Diamond dril}â€" ing . mdica,ted the. presence of.. mi Properties on which development work was done ‘during the past summer are briefly described below: , Eastern Section At Howey Gold ‘Mines, Ltd., underâ€" ground. development has reached a depth of 1,315 feet. The veins, though narrow, are sufficiently rich and nuâ€" merous ‘to permit stoping across widths of 30 to 45 feet. For about 700 feet east of the shaft the ore zone has been stoped from ‘the 1,000â€"foot level almost to the surface, and preparations are now being made to mine the block of ground between the 1,315â€"foot level and the 1,000â€"foot level. The principal reâ€" serve of partially developed ore lies beâ€" tween the 1,000â€"foot level and the 250â€" foot level in the blcck of ground beâ€" tween the shaft and ‘the McIntyre beundary to ‘the west. In this section drifting on the 1,000 foot level has so far indicated material of commercial grade for a distance of 600 feet west of the shaft and stoping over an averâ€" age width of 40 feet is now in progress. The mill capacity has recently been inâ€" creased from 800 to 1,100 tons per day. The average recovery is about $2.61 per ton. It is expectedv-tha.t, w_ithj' tfie in- crease in mill capacity, opgrating costs will be reduced below $2.00 per ton. bance took place after the large scale granite intrusions. This reâ€"adjustment followe to some extent earlier lines of weakness, such as the carbonate zones in the greenstones, and in addition gave rise to new, though relatively weak, sets of fractures Into these open spaces were introduced the final emanâ€" ations: from the granitic magma, inâ€" cluding the auriferous quartz veins. Most of these veins are narrow and discontinuous but their wide â€"distribuâ€" tion, coupled with the possibility that larger and more ‘wellâ€"deifined "breaks" may have been developed in certain parts of the area, lends encouragement to the search for additional workable deposits. of the comâ€" ment by The News:â€" ‘"The News is still ope:: to receive a limited quantity of "oold p»tatoes," but not too eold, and will even aecept "hot : _ At the Cole property on the west shore of Pipestone Bay, a 2â€"compartâ€" pment shaft has been sunk to a depth of 200 feet in the hanging wall of: a 'shea.r zone in quartz porphyry. This zone strikes N 75 degrees W. and dips 35â€"40 degrees N. The limited surface workings now available for: inspection intersect schistose quartz porphyry conâ€" ‘aining veinlets of quartz. Similar conâ€" ~dlitions are said to have been encounâ€" _tered in sipk;ng the shaft, Specimens of vein matter from the shaft were obâ€" ‘served to contain visible gold, pyrite, chalcopyrite izincbhlende. ‘GJobuâ€" lar masses of well crystallized marcaâ€" site occur in a mud seam intersected it a depth of 175 feet. Lateral exâ€" _ploration of the shear zone at the 200â€" foot level is now being carried on. Fome weeks ago The Powassan published a notice offering ‘to accept potato:s in payment of some subscripâ€" tions. The Advance referred to the notice, remarking that it recalled old days in the newspaper pusiness when cordwocd and the pnroduce of the were freely accepted on account by the newspapers. While ccmmending the friendliness and helptuln axs implied In the barter idea, The Advances suggested it would be well to remember the dicâ€" tum of The Bingville Bugle that it takes more than hot air and cold notaâ€" toes to support a newspaper, cash as weli a~s produce and coâ€"operation as well as kind words being necessary. The Powassan News makes these points plain in the following little paragraph The New Liskeard Speaker last week says:â€"*"The Advance claims that Timâ€" mins pays less taxes per head of popuâ€" lation than other adjacent Ontario towns of nearly the same size, and supports the claim by produczing statisâ€" tics. We do not think any one will disâ€" pute the claim, ‘and assuredly this is creditable to mayor and councillors alike. But we amagine that the Town of Timmins and the Township of Teck have less difficulty in making tax colâ€" lections than municipalities which are not favoured ‘with having rich gold mines within their borders; but even in this respect these lucky municipaliâ€" ties share their wealth with all parts of the Northland, as Cobalt did for many years. Timmins and Teck surely are the "Cobalt ‘and Coleman of twentyâ€" five years ago." And may their shadâ€" ows never grow less." j WANTS MORE THAN HOT AIR AND COLD POTATOES AS DIET Some surface exploration was done on Claims 3475â€"6 and on the Pendleâ€" ton group near the west end of Pipeâ€" stone Bay, but no discoveries of imâ€" portance have been reported. About a mile west of the R.owan-Hall showings, surface exploration on the Kellyâ€"Carlson claims has exposed . a a shear zone containing auriferous quartz stringers. This zone extends in an eastâ€"west direction along or near the contacts between greenstone and narrow tongues of quartz porphyry. At the time the property was‘ visited an ore shoot, ranging from 1 to 6 feet in width, had been opened up for a length of 100 feet. * This: shoot" consists of closely spaced stringers and bulges of quartz containing visible gold, and fineâ€" ly disseminated galena, pyrrhotite, chalcopyrite, pyrite and zincblende. Preliminary assays from this section indicated commercial values in gold over a mining width. Similar minerâ€" alization has been found at several points farther to the west. WISHES WELL TO TIMMINS AND THE TOWNSHIP OF TECK Home surface exploration was done during the summer on the Scott Syndiâ€" cate ground lying to the south of Pipeâ€" stone Bay. This work exposed several shears containing narrow quartz veins that, in places, are reported to carry gold. along a greenstor about 400 feet. Snrtaeo umplmc' is said to have indicated a shoot 200 feet long carrying commercial vakies in gold over an average width of 13 feet. The downward continuation of the vein structure has been picked up by shal» low diamond drilling. "IThe vein matter intersected in the drill holes is said to have yielded lower values in gold than those obtained from surface sampling. These results may be due to the exâ€" tremely spotty distribution of visible gold, tellurides and. wx‘lfemus pyrite in the quartz. ; On the Rowanâ€"Halil property, situated about a mile northâ€"west of the head of the Golden arm, surface workings have exposed an eastâ€"west fracture zone in greenstone.. At intervals for 350 feet along this zone there occur one or more stringers of quartz containing, in places, small amounts of pyrrhotite, zincblende, galena, chalcopyrg‘e and pyrite. At the east end of the zone the quartz stringers are closely spaced over. a width of 3 to 4 feet and are well mineralized withâ€" sulphides. Channel samples taken from these exposures are said to have yielded high values in gold. wealth ‘of wedding gifts "which testiâ€" fied to the esteem in which the young couple are held in the community, and by the gracious hospitality shown by the bride‘g father, well known Kirkâ€" land Lake business man, and her moâ€" ther. Miss Scrochan and Mr. Yamka became man and wife in the presence of a church filled to overflowing. The ceremony was performed in a dual caâ€" pacity by Rev. ‘E.=G. Dymond, priestâ€" inâ€"charge of St. Peter‘s, and Rev. Fr. A. Kushak, spiritual head of the loya! Ukrainian people of the community. The bridesmaids were Miss Vadell Soâ€" rochan, a sister of the bride, and Miss sonya Yamka, sister of the groom; and the escorts for the groom were Michael Ugran, of Timmins, and Michael Roâ€" ties were carriled on practically all week, the marriage taking place. on Sunday, Nov. 26th, at St. Pete_rs churgh, Kirkland LAake. <In areport of the wedding The Northern News says;â€" Mr. and Mrs. Michael Machaluik and Mrs. Mary Slychuk were in Kirkland Lake last week as guests at th2 wedâ€" ding of Paul Yama, of the Sylvanits "The‘ wedding ceremorty was solemâ€" nized arat St, â€"Peter‘s ‘church last Sunday afternoon. at. 2 o‘clock, and the recepâ€" tion ‘heldâ€"atâ€"the â€" home, of the: bride‘s parentis after the nuptials in the church waes one, that was characterized by»a daughter ‘of Mr. and Mrs. Dan Soro chan, of Kirkland Lake. The festivi Wedding Presents â€" Worth Over $4600 Gifts of Money at Kirkland Lake Wed : Totalled Nearly $1000.00. House Worth $3,000.00 Among the Other Gifts, Mantel Clock design SO compact and light you can readily carry it from 2 room to room! So powerful it will bring in all fiour favorite stations ! So low in price that you won‘t e content untilyou own it! See and hear this handâ€" some "Mantel Clock®" design General Electric Radio. ELECTRIC GENER A L The Geo. Taylor Hardware Limited Northern Distributorsâ€"Timmins LOCAL DEALERS Ideal Hardware Ltd. â€" Timmins Porcupine Hardware, So, Porcupine Radio mins. Mr. and Mrs. Sorochan‘s gifts to the young ccuple included $200 in $10 gold pieces, and in addition the father of the.bride pressnted them with a home on Woods street valued at more than $3,000, in which they will take up residence some weeks hence. The many friends of the newslyweds gave them gifts of money totalling $987, and it is estimated that the numerous tokans of esteem=â€"and â€"well wizhes, in cash and household articlese presented to Mr. and Mrs. Yamka, totalled in value more than $1,600. A 69â€" pound wedding cake cut by the bride during the recepâ€" tion dinner, one of the catering features of which included 60 cooked fowl." New Liskeard is holding its muniâ€" cipal. nomination day on Friday, Dec. 22nd, this year, as the regular day (the last Monday in December) is Christmas Day. Voting will be on New Year‘s Day, just as in Toror.to. The most of the towns of the North have moved nominations and elections a month ahead so as to leave the Christmas seaâ€" manovich, c? Kirkland, while the best man in the ceremony was N. A, Dukes, of Toronto. Mrs. Sonya Solloway, of Kirkland Lake, was matmn of honour, and the bride, who ‘was charmingly attired, was given away by her father. Little Walter Scrochan, elg‘{\t.-year-old brother of the bride, was page boy, and little Alice Stratuila, of 64 Tower street, Kirkland Lake, was the flower glrl. The receptitcn which was held after the ceremony at the home of the bride was one that was marked by many beau«â€" tiful â€"gifts presented to the bride. and groom, and<a number of cut of town guests were present, including Mr. and Myrs. George Rusnak, cf Noranda; Mr. and .Mrs. Michael Machaluik, of Timâ€" mins, an4 Mris. Mary Slyushuk, of Timâ€" son unngolested by canvassing and the accompaniments. C x RD«23

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