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_ BERLIN AND WATERLOO ? ' UNITED ON RADIAL RALWAYS An interesting _ and _ enthusiastic vided by the municipalities served. 1t meeting of the special committee of was quite a ‘large programme "to the Iâ€"rlin Council, the railway comâ€" have roads built to Woodstock _ and mittee of the Board oi‘ Trade and also to Wellesley, and he favored members of the Waterloo Board of 4aking one at a time. Trade, called by Mayor Euler, was * beld on Thursday evening _ in . the Waterloo Is Favorable. Council Chamber at which, _ after considerable discussion, it was decidâ€" _ Mr. 1. E. Bechtel of Waterloo statâ€" ed to call a meeting of the represenâ€" ed that his town was just as anxious tatives of the various municipalities to get something for nothing as Rerâ€" between Berlin and Woodstock, and lin. It would be a big advantage to Berlin and Wellesley, to discuss the Waterloo to have railway connection proposed two llydro radial _ railway with Wellesley. He also likes â€" the Representatives Will Coâ€"operate in Promoâ€" A committee, composed of Mayor Euler, C. H. Mills, M.P.P.. D. B. Detweiler, Alds. Walters and Master, of Berlin, and Messtrs. J. B. Hughes and C. H. Mueller, of Waterloo. was appointed _ to make the necessary atrangements for the meeting. Jt was also suggested that the City Council provide a luncheon for the visitors. Mr. Mills consented to.seâ€" eure a representativre of the | Hydro Commission to explain the details of the new department of the _ Uydro Commission work. PUBLIC MEETING WILL BE CALLED ‘Those present were:â€"Mayor Euler, Aldg. Rumpel, Hagen, Master, Walâ€" ters and Schlee, Messrs. D. B. Detâ€" weiler, i1. J. Sims, C. A. Ahrens, Cieo. Shirk, W. P. Clement, J. 1. Hughes, Chas. Mueller, B. E. Bechtel P‘. Y. Wilson, of Waterloo. Mayot Euler was appointed chairâ€" man of the joint committees, and briefly explained the object of _ the meeting. He welcomed the Waterloo representatives and felt sure â€" that both towns were united upon the question of securing additional | radâ€" ial railway facilities. He â€" expressed his preference for a road leading from Berlin to Woodstock via New _ Dunâ€" dee and Plattsville, and also considâ€" erad that a line to Wellesley snould also be secured. Mr. €. H. Mills, M.P.P., was callâ€" ed upon to explain the provisions ofi the Act.. He was pleased that steps were being taken by the two muniâ€" cipalities to secure additional radial facilities. He stated that the Hydro C@mmission is prepared upor _ the request of a number of municipalitics to provide the information as to the cost of construction of a railway and also an estimate of the probable ore ceipts free of charge to the towns, villages and â€" townships interested. ‘The cost of the line would be defrayâ€" ed by the municipalities by the issue of debentures. He would like to see a road built northward to Wellesâ€" ley. The trade from Linwood _ and Elmira had been cut off somewhat by the construction ofâ€"the C. P. R. line to Goderich. Means should be proâ€" vided to tap Wellesley and as many of the intervening villages as posâ€" sible. He also favered sacuring _ an estimate of the cost of building _ a line to Woodstock as suggested _ by Mavor Eulet. Mr. D. B. Detweiler, chairman _ of the Railway Committee of the Board of Trade, was pleased _ with _ the splendid _ attendance. Berlin _ and Waterloo have been after additional radial facilities for many years, and it was now pessible to secure an esâ€" timate of the cost of construction at no cost to the manicipalitics interâ€" ested. It was understood _ that the cost of construction would be _ proâ€" WARM CONTROVERSY OVER LOCATION OF _ LINWOOD PUBLIC SCHOOL The small village of Linwood is the scene of a warm controversy _ at present over the location of the proposed new public school. The old school is located about a third of a mile outside the ‘ village an4 is supported by the farming community in the immediate vicinity as well as the villagers. What the ultimate result will be is a problem, but it is . predicted that thore will be a split, and that two schools will ne erected instead of one. resi The section people are dissatisiied with the vote and are now demand ing a scrutiny. It is claimed that parties _ were . brought from London and other places who were not qualihied to vote. Mr. W. P. Clement, of this city, was in attendancge at the session on Wednesday, representing the party in favor of moving into Linwood Two weoeks ago a meeting of the school supporters was held in . the village for the purpose of deciding where the new school is to be located. A vote was taken and the majority voted in favor of moving into _ the village. The opponents of the proposition secured legal advice and ascertained that the vote.was illegal as the necessary notice that a vote would be taken was not given. The residents in the village, or the maiority of them, want the new school to be erected in the village, while the section _ people want _ it built upon the site of the. present school. It was decided notice, which was filled to the doors which resulted in ity of one. ting H'ildro Railway Schemes to e North and South that another meeting be called following the _ formal held on Wednesday aiternoon. The Linwood hall was and after a heated discussion another vote was taken, the supporters of moving the school securing a major Mr. B. E. Bechtel of Waterloo statâ€" ed that his town was just as anxious to get something for nothing as Rerâ€" lin. It would be a big advantage to Waterloo to have railway connection with Wellesley. He also likes â€" the idea of a line to Woodstock as it would pass through one df the most fertile sections in the province. Waiâ€" erloo would be glad to assist in the projects. ~ NMr. J. B. Hughes said too much importance â€" cannot be attached _ to radial railways. It is the poor man‘s road. the business man‘s road _ and essentially the farmer‘s road. _ le would like to see a line bullt _ to Wellesley, _ and described â€" various routes which could be taken. The line to NewDundee and Plattsville was also worthy of attention. An electric line.to Elmira would be a good move and bring a lot of business to the two towns. _ Waterloo county _ is proud of her products and _ one _ of them is Hon. Adam Beck, who is one of the greatest benefactors the provâ€" ince has ever heard. He glluded to Mr. Beck‘s â€" farâ€"sightedness in _ the hydro power movement, and _ hoped the time would be far distant when he would retire from the Chairmanâ€" ship of the Commission. > Mr. Chas. Muclier said it was the duty of the two towns to assist in providing radial facilities _ for _ the farmins communities. _ Berlin _ and Waterloo are bound to Recome a large centre of population and _ means should be provided to réach _ the neighboring villages _ and _ farming communities. He thanked the Mayor for the invitation â€" to attend _ and promised hearty coâ€"operation. These relations should be encouraged, _ he said. Mr. P. Y. Wilson stated this was a splendid opportunity to secure addiâ€" tional railway facilities and favored both towns taking the matter up as Other members of the joint . comâ€" mittee spoke favorably to calling the mpeting. Ald. Walters advocated the appointment of an active exorutive committee with a secretary to carry the schemes through. a joint affair. The business men of Waterloo favored joint coâ€"opetation. Ald. Master urged that the quesâ€" tion be taken _ up in a businessâ€"like manner. and _ favored Ald. Walters‘ suggestion. _ At present the farmers are not producing cnough to keep down the cost of living. The people to the south of Berlin are anxious to secure railway connection. Mr. Geo. Sherk advocated extendâ€" ing the Bridgeport line to Elora. On motion it was decided to invite representatives from the various muâ€" nicipalitiecs between Berlin and Woodâ€" stock and Berlin and Wellesley. The above committee was appointed _ to send out the letters of invitation. The committee is â€" meeting this afternoon to issue the letters of inâ€" vitation and set the date _ of _ the mecting. The death took place on Tuesday, Jan. 20th of Mr. Christian Steinman son of Mr. and Mrs. D. I1. Steinnan of near Baden, aged 24 years. The deceased was in ill health for som: time. death beinâ€" due to that lingerâ€" inz disease consumption. The funorâ€" al too‘% place on Thursday last serâ€" Â¥ices and interment takinz place at Steimman‘s (hurch, and was largely attended. The bereaved family have the hoartfelt sympathy of the comâ€" munity. The minister who conducted the services _ took his text from Psalm 103. Every day and the surprising truth is that most cases are preâ€" ventable with timely, intelligent treatment. ‘These appalling facts should warn us that after sickness, colds, overâ€" work or any other drains upon strength, Scott‘s Emulsion should be promptly and regularly used beâ€" cause tubercular germs thrive only in a weakened system. â€" *The ‘tested and proven value of Scott‘s Emulsion is recognized by the greatest specialists because its medical nourishment assimilates quickly to build healthy tissue; aids in the development of active, lifeâ€"sustaining blood corpuscles; strengthens the lungs and builds physical force without reaction. Scott‘s Emulsion is used in tuberâ€" culosis camps because of its rare bodyâ€"building, bloodâ€"making propâ€" erties and because it contains no alcohol or habitâ€"forming drug. Be sure to insist on Scott‘s. BEATH OFâ€" CHRISTIAN STEINâ€" MAN. Consumption Takes Hundreds of People is for man his days are as grass as a flower of the field so he fourâ€" ish*th, this sad occasion again teâ€" minds us of the post. â€" Thore is no â€" flock however watched and tended But on> dead lamb is there, There is no fireside howso‘cre _ deâ€" Big orders for steel have been placâ€" ed with the mills in Pittsburg. tion. But gone unto that school, Where he no longer needs our _ poot protection, And Christ himself doth rule. IN MISERY AT MEAL TIME fended * But hath one vacant chair, He is mot dead the one of our affec If your digestion is weak you canâ€" not derive proper nourishment from your food. The pain and _ distress you sufiet is a protest from your stomach that it is unable to do its work. It is then that you lose _ all appetite, have dull headaches, acute pains in the chest and abdomen, heartburn _ and _ other _ distressing symptoms. ¢ Youâ€"cannot cure indigestion hy the use of laxatives, and preâ€"digested foods only make the stomach mote sluggish. _ Indigestion can only _ be cured by giving tone to and strengâ€" thening the nerves that control the stomach. _ Dr. Williams‘ Pirk Pills have cured indigestion times withâ€" out number, because they purify and enrich the blood. In this way they improve the appetite, dispel the torâ€" ments of indigestion and enable you to derive benefit from the food you take. _ The â€" following is proof _ of these statements. Mrs. George Brien, (ireat Shemogue, &. B., says: _ "A iew vears ago I was taken down with a fever which left me sufering from nervous stomach ttouble. I anâ€" parently got over it, but the trouble could not have been wholly eradicatâ€" ed, as during the summer of 191% I was taken down with it again. I took many medicines, and was _ atâ€" tended by two dificrent doctors, but instead of getling well scemed _ to be growing worse. 1 could not cat without suffering the. most _ intense vains; even a drink of milk _ seemed to upset me. I slept poorly and at last dréaded to see nizht come. In this condition I saw in a newspaper the story of a woman who had simiâ€" larly sufiered and was cuted through the use of Dr. Williams‘ Pink Pills. I decided to try the Pills and found hy the time‘l had taken three boxes that they _ were heiping me. 1 con tinued using the Pills until 1 had taken eight boves, when the trouble had disappeared, and 1. have _ to thank Dr. Williams‘ Pink Pills for restoring my health after I had practically given up hope of ever be ing. woll again." Dr. Wiiliams Pink Pills are sold by all medicine dealers ot _ will be sent by mail at 50 cents a bex_ or INDIGESTION CAN BE CURED BY THE USE OF DR. WILâ€" LIAMS‘ PINK PILLS. sit boxes for $2.50 by writing Dr._ Wilihams‘ Medicine Co., ville, Ont. Scott & Bowne, Toronto, Ontario. 1376 The Rrockâ€" Inaugural Meeting of the County Council us:ened_'l'uqa_day _Afternoon with IMPOR TANT BUSINESS TO COME UP ty Council for 1914 was opened . at the Court â€" House Tuesday afternoon shortly after two â€" o‘clock with all the members in attendance. There is an unusual change in . the personnel of the Council this year, there being no less than ten new members, oue each from Waterloo and Wookwich towuships, four from Galt, two from Waterloo and two from Preston. The appointinent of the Warden for the year was a formal affair, the appointment of Reeve A. B. Robertâ€" son, Reeve of Wellesley, being made unanimous. The following members made the necessary declarations . of uflice and qualifications:â€" > Waterloo Tp.â€"Wm. C. Shaw, Reeve A. C. Hallman, Dep. Reeve. Wilmot Tp.â€"Saml. Cassel, ‘Reeve, Wesley Erb, Dep. Reeve. Weéllesley Tp.â€"A. B. _ Robertson, Reeve, John Reide!, Dep. Rgevg: Waterlooâ€"Geo. â€" Wegenast, â€" Reeve;, Wm. H. Kutt, Dep. Reeve. â€" From A. Werner, Esq., Secretary of the Tristees Association, asking the council to appoint â€"a delegation to attend the annual convention at ‘Toronto. N. Dumfries Tp.â€"A. B. McPhail. Reeve. From the Municipal Railway Tax Association, asking the council _ to appoint a reprcsentativje. â€" . From the Ontario Good _ Roads Association, asking the council _ to appoint a delegation to attend the annual convention. From the Clerk of the County of Huron with resolution _ expressing disapproval of the harmless _ insane being sent to the Houses of Refuge. Galtâ€"Alex. M. Edwards, _ Reeve, Geo. Burgess, J. M. Jamieson, J. A. Mclrvine, Bep. Reeves. iPrestonâ€"Thos. Yates, Reeve; H. J. Schultz, Dep. Reeve. Hespelerâ€"L. E. Weaver, Reeve. New Hamburgâ€" L. G. Pequegnat, Reeve. Avrâ€"Ward Woolser, M. D., Reeve. Elmiraâ€"Isaac Hilborn, Reeve. From: the Clerk of the County of Perth, with a copy of a resalution regarding the expenditure by the Doâ€" minion of _ the ten million doilar g:‘ant for Agriculture. â€" Woolwich Tp.â€"J. G. Hurst, Reeve:; Paul Snider, Dep. Reeve. oo read, viz:â€" From Clement & Clement, claiming damages for repairs â€" to the automoâ€" bile of Dr. W. T. Wallace, owing to alleged want of repait of the County road south of Berlin. ‘ From the Waterloo Historical Soâ€" ciety with annual report for 1913. From the Waterloo County Teachâ€" ers‘ Association, with a _ financial statement L. M. HAYES, K. C., PETERBORO IT IS REPORTED, WILL SUCCEED COUNTYJUDGE CHISHOLM From Alex. Millar, K.C., County Solicitor, advising that a _ Byâ€"law should, be passed authorizing the sale of the part of the House of Reluge farm. _From the County _ Auditors with report on the 1913 :gqcounfls. _ From J. Ross Robertson. _ asking for a grant to the Sick | Children‘s Hospital. 0_ From the Salvation Armv, asking for a grant for their Hospitals, Woâ€" men‘s Reseue Work, Childrer‘s Homâ€" es, etc. ; The Reeves of the vartous municiâ€" palities were appointed as a striking committee and the Council adjourned Ottawa, .Jan. 25.â€"(Mail and Empire Special.)â€" A batch of _ county judgesbips in Ontario, most of them vacant by the operation of the new statute requiring retirement of county judges. on reaching 75 years _ of age, are to be filled almost itimnmediately. It is expected that Col. J. .J. Scott, of Walkerville, Grand Master of the OQrange Order, will be appointedâ€"county judge df Lanark, succeeding .Judge Senkler, of Perth, who retires. For the York County judgeship at Toronto, as previously intimated, exâ€" Mayor Emerson Coatsworth is menâ€" tioned. Col. Harry Ward, exâ€"M.P., will become county judge of. Durham. «Judge Adam, Johnson, of Prescott and Russell Counties, will probably be transferred ta Pembroke to fill the vacancy in the Renfrew _ judgeship, and be succecded at T‘Original by Daniel Davis, a barrister and â€" police magistrate at Cornwall. There has been considerable "boosting" in local _ Conservative circles to secure the appointment of Mr.,C. R. Hanning, of Preston, but it apâ€" pears as if the Government at Oftfawa will continue to follow the usval practice of appointing outsiders to the county judgeships, The above despatch was read wit h considerable surprise in local coutt, legal and political circles. It does not state whether Mr. Hayes of Petâ€" erboro will be the senior or juniot jndge,. | but it is surmised that _ the new appointee will succeed Judge Chisholm as senior judge and Mr. W. M. Reade will continue his duties as junior jndge, L. M. Haves, K.C., of the Peterboro bar, wiil likely be appeinted a judge of Waterloo County, and Acting Judge Elliott, of Hallton, . may go to Cornwail. The appointments have not yet bren made, and the pre«â€" ent "slate"" is, of course, subject to revision. Two other anvointments are unsettled. The inaugural meeting of the Counâ€" The following communications were 'Qudoo. Ont., January z29th Striking Committees. Communications Ten New Members DESPATCH ISâ€" INDEFINITE Aiter Clerk Bowman had read the usual communication from John Ross Robertson, of the Sick _ Children‘s Hospital, Toronto, asking for a grant l from the Council, Dr. Woolner, _ of Ayr, expressed the opinion that the County should not make a grant. lHe stated that Ayr had been contributâ€" ing for years to the institution and when two indigent children were sent to the Hospital from that _ village the Council was billed at the rate of $1.00 per day. He considered that (Continued on Page %, to allow the committees for the year to be selected. The session of the Council . will conclude toâ€"morrow. The County Council for 1914 conâ€" tinued the rotation system _ of apâ€" pointing the Warden at the inaugural meeting which was held on Tuesday afternoon. This system was inaugurâ€" ated at the suggestion of _ Crown Attorney Bowlby in 1867 and | has continued ever since. _ Previous â€" to that time, the Crown Attorney, who was Reeve of Berlin from 1864 _ to 1868, there were many bitter fights for the position and the . cleavage continued throughout the year. Reeve Hlilborn of Elmira and Depâ€" uty Reeve Reidel of Wellesley were the movers of the resolution appointâ€" ing Reeve A. B. ‘"Sandy‘‘ Robertson, of Wellesley Township, as the Warâ€" den for the year. The _ resolution was carried unanimously and _ the Wardenâ€"elect was escorted to _ the chair and roundly applauded. Warden Robertson _ thanked the members for the honor conferred , upâ€" on him and requested the coâ€"operaâ€" tion of the members in the transâ€" action of the business of the county. He was pleased to see the majority of last year‘s members back | again and welcomed the ten new members. Altogether the County had a strong Council.for 1914. The Reeves of the various muniâ€" cipalities were appointed _ as the Striking Committee to draft the standing committees for the ensuing year. â€" After twenty . minutes‘ _ adâ€" journment the following conwmittees were recommended and adopted:â€" Financeâ€"Messrs. Wegenast, _ Hallâ€" man, Pequegnat, Erb, Edwards, Hilâ€" botn, Jamieson, Reidel and Yates. County Propertyâ€" Messts. Kutt, Schultz, Burgess, Mclrvine and Sniâ€" der. The report of the Auditors _ for 1913 was presented to the Council showing the receipts amounting _ to $107,000 and the expenditures to ap proximately $143,000. There are varâ€" ious amounts to be received from the city of Berlin, the Ontario Governâ€" ment aggregating â€" $26,000, which leaves a deficit of about $10.000. This unusual increase in the amount of the deficit is due largely to the increased cost of the administration of justice and of education in the county. The Chairmen were appointed â€" by the committecs as followa:â€" Financeâ€"I. Hilbotn. County iPropertyâ€"I. McIrvine. Roads and Bridgesâ€"W. C. Shaw. Roads and Bridgesâ€"Shaw, Cassel, Hurst, MoPhail and Woolner. louse of Refugeâ€"L. E. Weaver. Sick Children‘s Hospital Grant. An Unusual Deficit. Standing Committees. Te Chairmen. 1914 Fiftyâ€"Firs Annual Meeting Held on Sat day at Which Satisfactory Reports: ATERLOO MUTUAL FIRE INS. _: Wa CO.; HAD A SUCCESSFUL YEAR The fiftyâ€"first annual meeting of the Waterloo Mutual Fire Insurance Comâ€" pany was held in the Board rpoin of Company on _ Saturday | afternoon. There was a fair representation _ of policy holders present, among those in attendance being Messrs. Wm. Snider, Geo. Diebel, Frank â€" Haight, J. H. Webb, A: Bowman, . J. L. Wideman, J. C. Haight, W. Dawson, A. Foster, L. J. Breithaupt, J. H. Simpson, Guelpb, , P. E. _ Shantz, Preston, and C. S. Bean. ‘To the Members of the Waterloo Muâ€" > tual Fire Insurance Company. Gentlemm:â€". Your Directors _ have much pleasure in submitting to you the Fiftyâ€"first annual statement . of the business of the Company, _ comâ€" prising the receipts and expenditures of the past year, and‘ the . balance sheets showing assets and liabilities of the Company on the thirtyâ€"first day of December, 1913, with audiâ€" tors‘ certificate for the correctness of same appended thereto. The President, Mr. William Snider, presented the annual report. of the Board of Directors, which was as follows:a‘ Mr. William Snider acted as chairâ€" man and Mr. Frank Haight as secreâ€" tary of the meeting. _ _ s The total number of policies issued for the year was 13,363, and the toâ€" tal amount â€" of insurance _ written $18,119,987.00. The total number of policies . now in force is 30,171, and the _ total amount of insurance covered . thereâ€" under $40,256,333.00. The Company‘s total income _ for the year from all sources was $272,â€" 293.91, and the expenditure $269,â€" 938.33, this iatter amount including unpaid losses for 1912 amounting to $32,201.00. > The total cash assets are shown to be, including accrued interest, $569,â€" 493.80. The residue of premium notes is $259,977.32. The liabilities, . made up of $5,700.00 of unpaid losses and $121,â€" 970.10 unearned premiums are $127,â€" 670.10. The balance of cash assets over all liabilitics is $441,823.70, and ifi we include the premium notes, we have a net balance of $701,801.02. The retitring directors are William Snider, ‘P. E. Shantz and _ Fran« Haight for a three year term, and J. Howard Simpson for a one year term, all of whom are cligible for reâ€" election. + On behalf of the Board. WM. SNIDER. €OHvEUTATT i uoo I The total cash assets are shown to I Notwithstanding severe losses . Jrom be, including accrued interest, $569,â€"! time to time the Waterloo _ Mutual 493.80. The residue of premium notes |company had weathered the storms is $259,977.32. of half a century and toâ€"day was in The liabilities, . made _ up _ of |a strong position. ‘The chief point $5,700.00 of unpaid losses and $121,â€"| was the payment of losses fairly, and 970.10 unearned premiums are $127,â€"| honestly, and this had always ‘ /b 670.10. the case with the Waterloo hz The balance of cash assets over all|and it was entitled to the con! e liabilitics is $441,823.70, and ifi we|and support of insurers. s itp. include the premium notes, we have |_ Briel addresses were also "‘ made a net balance of $701,801.02. by Messrs. P. E. Shantz, J,,. H. Im conclusion we beg*" to ask your| Simpson, Dr. Webb, J. L. Wideman, attention to the main objects of the| J. C. Haight and others. s meeting, viz., the disposal of the ; At a meeting of the Board of Dt several statements before you, and!rectors, following the annualméeting Waterloo, Jan. 24, 1914. _ Votes of thanks were unanimously passed 4o the Board of Directors,‘the the election of four directors The annual _ financial _ statement, which appears herewith, was _ then presented by. the manager, Mr. Frank Hafteht, after which the election . of directors was held. resulting in the teâ€"election of Messrs. William Snider, P. E. Shantz and Frank Haight for a period of three years, and Mr. J lfoward Simpson of Gneliph for a one year term Mr. Snider, in moving the adopuon‘ of the report, noted the fact that . the conipany had not been as: fortunate as in â€" the previous year in regard to fire losses. e was, however, pleased to state that during the period of five years itoin 1909 to 19:4 there had been a subâ€" stantial gain of $222,680 in the cash balance, and despite the severe losses sustained the .company wasâ€" in a strong position. Mr. Snider instancâ€" ed the uncertainty of the fixre icsurâ€" ance business, as evidenced by . the past year‘s experience, | the â€" losses being: the heaviest since the ‘Toronto hre. A disastrous freâ€"in August of last year, in which a lumber woods with its bridges, dams, etc., was deâ€" stroyed, and on which the company had been carrying insurance for years was responsikle for the heaviest loss of the year. He thought the morz! risk was a most important factor in !connection with fire insurance. Viceâ€"President (ieo. Dicbel in secâ€" onding the adoption of the report, referred to the strong position of the company despite the serious loss susâ€" tained during 1913. Last year he stated, there had heen 78 fires in which the company had sustaired losses which ranged from _ small amourts up to $2500. Losses through lightning had been numerous during the year. With the_exception of one or two months the fire loss had been about normal throughout the year. Notwithstanding these losses the company was toâ€"day in a â€" splendid position, showing increased insurance and larger assets,. and stood better toâ€"day than ever hefore. _ Although no special effort had been madg the company had retained the confidence and goodwill of insurers, evidenced by the increased business offered. Mr. Snider expressed his regret at the loss sustained through the death of Mr. Goudic, of Guelph, who had for years been a valued member of the Board of Directors. DIRECTORS‘ REPORT. Were Presen President. agents of the company. Mr. Frank Haight suitably» ledged the vote of thanks 4 f and spoke highly of the : diligence and devotion to duty of members of the office staff. ‘He : vccasion to allude to the past year‘s business and said the yearâ€"had becii‘a irying one in the Ansurance : ‘Mield. When _ a â€" query _ was _ put m! business men _ as to _ the â€" dition of business the reply was reâ€" ceived that it wag unsatisfactory. In April the loss ratio of one company had been 204 per cent. _ Hqwever, there were companies that could reâ€" port a sucoqssiful year, not . bemg wanager and oflice staff and Aomb& among these companies was the Ece â€"uises sasso| oll{ ‘UllJof| JO [Pojwou ed to move in cycles. He mentioned the disastrous fire in Totternham . in 1895, the big fire in Toreato ten years ago, in which the company losk heavily, and also the fires at Ottawa and Paris. There had not, however, been a year when the undefwtiting did not pay, and premiums were sutâ€" ficient to pay losses, . He showed the increase in the amount of interâ€" est received each year by the com pany, the amount this year being over $28,000 as compared with $8,405 in 1905. The heaviest losses had ocâ€" curred in August, amounting to $43,â€" 000. ‘The losses of the last . three months had been light. It _ seem{ that about once in ten years _ tm company suffered a severe loss, Mtr. Haight said that there was a general tendency to lower premiums, especiâ€" ally in protected cities. Manufacturâ€" ers were installing special safeguards against fire, such as sprinkling sysâ€" tems, standpipes, etc., rccommqu«l by underwriters. s Mr. L. J. Breithaupt said the year had been one of strained _ finahces. Premiums Mutual ... .. Interest ... .ls2l2 ies Rents ... .il2 .l0l 2. Reâ€"Insurance ...... ... .. Premiums Cash and Fees $132,799.179 Real Estate ... ... the officers of th:l company were reâ€" elected as follows:â€" Presidentâ€"Wm. Snider. Viceâ€"Presidentâ€"Geo. Diebel. Managerâ€"Frank Haight. AUDITORS STATEMENT.â€" Balance on hand Dec. 31st, 1912 ... ce ces d Mortgages \..:,..;.. ssscs0ceen0 DebentUFES .~:â€"ls smcs cousss Agents‘ Balances and Bills FpPAIvahIQ lus l mc on OfMfice Furniture and Goad‘s Cash balance over all liabiâ€" € Nties .222 2222 222. $441,823. Unassessed balance of premâ€" MHIHML ROMES css slsc c 299,077. Total of assets ......... ..._... 829A71. Deposit with the Governâ€" ment ... ... ns css ©90,.000. PIABs .xcmus: anyl e Cash on hand in bank Interest accrued ...... Reâ€"insurance and Rebates â€" 41,157.55 Commissions and Bonus ... 32,980.39 Salaries, Directors‘ fees, audiâ€" _ _ _ Statutory assessment, under~ ‘writers, and taxes ,1 Postage, telephone, telegram, express and exchange ... 1, Books and stationery, adverâ€" tising and printing ... 2 Fuel, light, repairs and misâ€" CPII@NOOUS \........2 se Pnterest accrued ‘on debentures I npaid tosses (net) Unearned premiums. Balance ........ ..2.2ll. tors, and care of office _ 19,! Adjusting losses, travelling expenses and solicitor‘s â€" purchased ... Profit and loss Balance ... ... . For the year ending Dec. 31, 1913. Expenditures. * Receipts. Liabilities. Assets. WM. SNIDER, President. FRANK HATYHT, Secretary . ... $553,421.60 sal .12 $826,006.86 sszc,ooq;_ip $569,493.80 $163,110.67 $569,493, pa , > » uty of $25,000000 13,050.00 481,703.99 259,977.32 829,171.12 $ 5, 121, 441,823. $50,000.00 555,780 89,012.13 28,030.60 1,580.00 21,159.15 4,662.60 22,630.15 13,713.02 4,282.11 1,858.10 8,723.84 968 .4Q 288. 4073