The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

Ml As a result of the year's operations the Waterloo Mutual Fire Insurance Company which held its Blst annual meetingit Water- loo on Saturday, has been able to further ma,- terially strengthen its position and it contin-; ues to maintain its leadership as Canada's lav? gest Cash Mutual. The reports presented in- dicated the volume of business for 1923 to have been the largest in the history of the company while the substantial earnings, des- pite the heavy losses sustained, enabled it to add a very satisfactory amount to its assets which now exceed the million dollar mark. The Waterloo Mutual is therefore in a gratify- ingly strong and sound position. The growing favor with which the Wat- erloo Mutual is regarded is to be seen in the increased volume of business written from year to year. In the past twelve months all previous records were exceeded, the number of bolieies issued for the year being 19,310 for a total amount of insurance of F3t5,605,22'2. The additional business written in 1923 brings the total number of policies in force to 33,932 covering insurance to the amount of $65,189,- 595, the increase for the year being $6,600,851. As pointed out in the Directors' Report there has been for some years a marked tendency to place a larger amount of insurance on pro- perties owing to increased values. The large increase in the number of new policies issued shows in an unmistakable way the growing confidence of the insuring public inthis long established and reputable company. During the year the company sustained -the loss of one of its most valued and esteemed directors in the passing of the late S. B. Brick- er. He had been associated with the Board for eight years, and a year ago was honored with the position of vice-president which he held until his death. His place on the Board was filled by the appointment of Mr. J. H. Roos, who was for many years treasurer of the Mutual Life Assurance Company. The total cash assets are now well over a million dollars indicating the strong position of the company. A handsome amount was again added to the cash assets which amount to $1,103,460;39, including accrued interest. The residue of premium notes is $271,025.69, mak- ing the total assets of the company $1,374,486. 08. The balaneis of cash assets over all liabil- ities is $892,709.59, and if the premium notes are included, there is a net balance "of $1,163,- 735.28. The liabilities of $210,750.80 ale made up of $4,747.99 of unpaid losses and $206,002.81 unearned premiums. The Jompany's total income for the.year from all sources was $473,464.38 and the ex- penditures $390,039.37. The managing-director, Mr. Levi Shuh, was elected to the vacancy in the office of vice- pmsident while the position of secretary relin- quished by Mr. Shuh on his election to the vice-presidency. was filled by the appointment of Mr. Arthur Foster, the Assistant Manager. The unbroken record of progress of the Waterloo Mutual will be a source of much sat- isfaction to the policyholders of the company and reflects the careful and progressive man- agement which characterizes the conduct of the eompany's affairs. The Board of Direc- tors and the Officers of the Waterloo Mutual are to be congratulated upon the high excell- ence of the reports which they were able to present at the annual meeting of the com- A deputation representing 65,000 depos-l ----- itors in the Home Bank waited upon the Do- According to a recent official compilation minion Government last week and asked for it has been ascertained that out of every 100 full indemnification for losses sustained by the people in Canada 61 live on farms. The 70,000 feilure of that bank. farms in Canada moment 3 gross worth of It was stated after the interview that the $700,000,000, or about $104130 Per term, and moat feasible plan-and it was submitted to produce unennud revenueofneerly 'i,600,000, the Government-would be for the Federal an aversce income per term of 88,000 reartr. Government to extend a credit of $17,000,000 ---._. to the associated banks of Canada. Out of this‘ Men of prominence in financial end indul- credit the links would pey to the depoeiton of trial circle! continue to mulled” the need of the Home Bank $8,300,000, which would make the western tanner dentin: mixed and more up the difference between what the assets treientithe fanning and not depend!!! who!!! you” realize and what in due to the depositors. on groin, prinettmltr who“. which to u abject 'l‘er-mlndefeolldheueedbythebenhfor iciaiiiaitrutieete.eetttf? mt Prtnttte, yielding the Federal amulet-do.“ tet--'", mewutmmrumwnmumk. l ' . I DEPOSI'I‘ORS AND SHAREHOLDERS OF HOME BANK “SEEK INDEMNIFI- _ CATION FROM GOVERNMENT ham or a assets diminished in proportion. The petition also deetamt that if the Gov- ernment in the war yem found it but in the national interest to refrain from such an in. vestigatioh as it was entitled to make under section 56 of "the Bank Act, lest national bank credits be reflected upon, than the heavy loss occasioned by the Home Bank's subsequent failure was properly chargeable to the country as a whole. The petition asked that depositors receive 100 cents on the dollar, and that the shareholders be relieved of responsibility for "he loss. The government promised careful consid- eration of the representations of the depositors and shareholders of the Home Bank. The fact that the Minister of Finance in the years 1915, 1916 and 1918 deemed it to be in the national interest that no investigation be commenced into the bank's affairs although urged to make such an investigation. strengthenarthe case of [ the depositors and shareholders for some measure of compensation. The next K,iiii will undoubtedly see the matter thoroughly discussed and remedies advocated for the safe- guarding of moneys deposited with banks. The occurrences of the past year or two certainly demand that some action be taken by Parliw ment to protect the'savings of the people, the ‘loss of which, in cases of bank failures, entails (.ii1iiisiort'i, and suffering and in many instances affects those least able to bear the losses. The expected has happened. The Baldwin Government in Great Britain was last week de- feated in the British House by a vote of 328 to 256 on the Labor amendment to the address in reply to the King's speech and 8. Labor ministry is now in power with Ramsay Mac- Donald, the Labor leader, in the position of Premier. The change, contrary to predictions to the contrary, was accomplished in an orderly way'and by constitutional means. Much will depend on Ramsay MacDonald,) the new Premier, as to whether the tenure of olfice of the new government will be short or long. His utterances during the past week or two contain no word of hatred or encourage- ment of class conflict and he advocates peace abroad and constructive progress at home. It ls encouraging to note that he is desirious of promoting the national' well-being and not thinking solely of the interests of hits party. The new PremierMats surrounded himself with a strong cabinet, some of the members of which are of outstanding prominence and' have had previous parliamentary experience. If , as has been pointed out, the new Pre- mier can succeed in uniting the diverse ele- ments in his own party and is successful, in as- sociation with his colleagues, in formulating sane and workable schemes for dealing with the many perplexing questions which . await solution, he may make his party so strong and secure that the next electron may see it re- turned to power with an inereaad majority and more firmly entrenched in power. The reports presented at the annual meet _ ings of the insufance and financial institutions located in Waterloo will not only be a source of gratification to their policyholders, but to the citizens of this municipality as well who are justly proud of the fine records of these strong and well-managed companies. RAMSAY MACDONALD, LABOR LEAD- ER, BECOMES BRITAIN’S PREMIER. LABOR MINISTRY IN POWER -------. though. at home u many and According to a recent official compilation trouble-clue. At little can you on it has been ascertained that out of every 100 tmy " a! drag “We the "tec, peaplei me preparation, improved by a farms 'i',', 22tt, 61 live f,',", 'IT,'; “£01302? addiUmt a other magnum call-d "I" Men 81088 "wrertttu a.“ and Sulphur Come $700,000,000, or about '10,000 per Nnn, and Pomrd." You 'tmt an,” . "ttttM produce an annual revenue of nearly $1,500,000, or nu ml: with It m: draw an: an average income per tum of $2.000 yurly. “new: you Mr. mm on an! up.“ " A mm. Br nor-In; nil Men of prominonee in fin-mid and indus- trial circles continue to mm the need of the western fume: down: mind and more seientifk fanning and not d-tding wholly EDITORIAL COMMENT while its oomuvnwu ”VIII!” II can? “IAIN DUMTID ". mum. Worn-On mm a, may: maeitsn, not (do! we - at Com on Jul. m and“!!! an Im an. in the “to”, am a “be: Gov- ornmout will an out“. The. Uttor gunman to an ul- dma in ugly to the lunch from the dunno. mtrodncod In the Home try John Robert Glynn, deputy leader at the Parliamentary labor party. 0mm?! IT, was adopted by a vote or 838 to Mo, J. Bunny PaeDonald, the labor lender. hun- ‘self moving closure, which wan _ tamed to. IODINE IN ROCHESTER'S WATER MAKE! HOME BREW INFO..- ISLE When Rochester" city (other: adopted the method of treating city water with whine at the source ot supply in an attempt to eliminate goitre, they spelled the doom ot the Itotntrbrew industry locally. The statement ot a retired corn/ mercial brewer that the iodine in' the water makes it next to impose 1bie to obtain a mintnctory “head" on beer or near beer, is endorsed by many other citizens. The " tect ot the iodine on the yeast in the fermentation proceu, it is said, prevents the brew from "riaing." WONDERFUL STRIDES IN AVIA- TION Wonderful strides have been made in aviation in Great Britain during the pant tour years, especially in the production ot freight and pass- enger carrying aeroplanes, and it is within the bounds ot poulblllty that within twelve years a lat-weekly air- ship service will be inaugurated making it pusible to travel from Easing“) All-mu: m India with- in a rlod at MO hours. This was the outstanding nature of a remarkable addres: on avia- tion delivered by MaiorANmeral Sir Willlam Salton Brancker, Director of Civil Aviation ot the Air Ministry of Great Britain. Commercial airship service may then be established between Can- ada and England on a paying basis. he said. LIVE PIG'S EYE To REPLACE BOV'S BLIND ONE Alfred Lemattowiex, blind youth of the town ot Lyndhurst, NO., into whose right eye socket Dr. Edward Morgan of Paterson unsuccessfully grafted the corner ot a, live pig's aye, said that the specialist is anxious to try again. Though the operation, performed just a year ago, was a failure. Dr. Morgan is confident that he can bring hack to Alfred the slght he lost ten years ago, "I'm game," said Alfred. " tisrurel I haven't anything to lose. Some-1 times I think it would be awful toi Bo through such an ordeal again.‘ but l'd so through anything to be able to see again.’ Instead ot grafting only the cor- ner of a pig's eye as before, Dr. Morgan now proposes to insert the entire eye. said the youth. Because Dr. Morgan recently sullered a nervous breakdown. the ope-mum: is not expected; to take place tor sev- eral months at lent. EASY TO DARREN YOUR GRAY HAIR When you darken your hull with Sage Ton and Sulphur, no one can tell, because m done no mun-Any, so "only. Preparing this mixture, i,rsuttrr-wstttita-t" ttmmatt you Mr, and“ one In“ atrand at . uno. By nor-In; nil any hlr a-.'., and, It": Ill- GC, “mutton OI' two. your [at Aiiro_oeta1ttttt1.t' www.mmmm mu aunt-MN”? 'ffrt 'iiidiiiiGrFiih Sage Tea and Sulphur "iit Inn-"filly -d, may TI. body ot Nikon! Lenin. nu Punk! ot 80710! Ell-k. .1“ brought to Ila-cow an want (no the llulo town ot (icky, In a. dt.. tun. "hum. when " “fl“. (or lilo um u long Ill-nu ended 1110‘ on Monday, Jan. all. On an should- eu of m: countdo- of the Council ot Commbun M: 00.11: wu car tied nearly ttet, Inne- tum. Itreot. guarded by Soviet troop: to the “Home of Unions," when It in to rent in state until the Mural carcinomas. More than 20,000 members ot Parliament. and ot the Communist party and delegation trom various departments and Labor unions nth- ered at the railway ' station when the train bringlng the body, drew into the station SULPHUR CLEARS l:, h PlMPLY SKIN LOW BROWE A8 SMART " HIGH SHOWS IPrtt brows . This is straight from Prof. H. R. Mayberry ot the psychhology de. partment ot the University ot Chicp ago, who has announced conclut Ions reached after many years of study, during which he examined and measured 3,000 heads tir deter- mine the relation between skull (ormatlon and iate11igenee. "The real index to intelligence] Irom head measurements is the dis-) Lance from the ear to the top of; the head," Prof. Mayberry tsaid.' "The greater the distance trom the ear to the peak ot the dome, the greater the intelligence ot the per- son. Nothing was found to support the theory that you can judge in- telligence by the height or width at the forehead." . Apply Sulphur as Told When Your Skin Breaks Out Atty breaking out ot the skin on the face, neck, arms or body is overcome quickest by applying Mcntho-Suiphar. The pimples seem to dry right up and go away, de- clares a, noted skin specialist. Nothirur has ever been found to take the place ot sulphur as a pim- ple remover. It is harmless and inexpensive. Just ask any drugglst for a small jar ot Rowles Mentho- Sulphur and use it like cold cream. Low browa are Just as smart I. ttMB-trt.'. '-1'l'rll'fl'lf2l: The low price of Ford cars and trucks has been one of the great dynamic forces in the develop- ment of motor transportation. Since January 1920 the average price of Ford products has dropped 38% and Ford prices are now the lowest in the history a the industry. And because Ford prices are ‘so law, the worker and his family enjoy the innumerable benefits and delights of owning an Low ,rtrure Cost CARS . ’Tnucxs . “ACTORS See Any Authorized Ford Dealer WILMOT 'l'?, COUNCIL MEETS i Moved by John Henber and v. H. ‘Zoeller that a. by-taw be introduced in) appofnt Auditors, Assessors, I School Attendance Officer and Mom-‘ lbers of the Local Board of Health; ‘also a lay-law to borrow a certain (sum ot money from the Dominion Bank. Baden, to meet the current and necessary expenses tor the year 1924 until the axes are paid and that said by-law: be now read I i; first and second time. Pursuant to Statute Wilma. Town- ship Council met gt the Townlhlp Hall, Baden on Monday, luxury 14, 1924. Members all present who havingl uiavle and subscribed their respec- tive Declination ot ortstiBetttiort and Office formed tor the transaction at business. Reeve George Z. Lana presiding. Cottuutietttionts were rend from the} Sick Children's Hospital, Toronto,' re annual grant, from the Municipal World soliciting subscription. from the Ontario Good Roads Aminuon asking that delegates be sent to their convention in February. f, The amount inserted was [t2ir,ooo.trtr. t Moved by E. B. Human and A. Moved by y. H. Zoeller And John Harmer that council go into commlL tee. John Berber chairman when the following appointments were made: Auditors-Wm. Russell and Henry Kunlz. AgseBBortr-cr. M. Causal for Block A.; Chas. Jacobs tor Bleama'and Snider's Roads; J. K. Schmidt to: Erbs Roadind Block B. School Attendance otticets-A. R. G. Smith. .. Member Board ot Health-Wesley Erb. Sanitary Inspector -- Adam Hart. ahyriedhot1rsmh"'" 2fgetht=tr-"""'""" \ , _',',')),;',; t5iyiliWoitl)20lil'r0 "i-' wnmod uncanny: -imiiTiii"iidiia-t 2it4iFil'r1 'tlt. but.“ tg'.?'""'"' automobile; the merchant and manufacturer extend their business into new and prxgitable fields by means of motor delivery; the farmer carries his fresh produce to the best markets with none a the old-time hardship and delar--and all for a very small initial investment. Fifty out of'every hundred can and trucks in Canada are Fords-due to the pulllic appreciation of Ford value. I; Bun that By-uvn um. 61! III Ml be now rand a third “an. _ s loved by V. H. Zoellor and Join Horbor that the following notional! be wood: S. R. Hart & C., 'starr- Regine", 06.62; sum, Bray & No- [nbmh local services, $40.00; Do- minion Bank. Comm-lion tor col- lecting tun, $79.00; George lin- wneghter. gravel, 37.76; cm. Christner. mvel, “.13; Allan Shoe- maker, concrete tile, 87.50; New Hamburg Independent. Butane-ts and order book, $39.50; Edmund ‘Cresulnln, refund chute labor. Vim; Chan. Halpol, Rex. ByDI. & I Ms. tor eight months. 825.00; Georg- .Jacobs, refund uni, 83.47; J. Bat.. mm. hbor on road, 84.00; Tho Municipal World, six Inbocrlptionu $6.00; Ontario Good Roads Au‘n.. tee, $5.00; Hoipital for Sick Child- ren, Toronto, annual grant. $30.00. Moved by John Ember and E. B. Pullman that this Council do no! adjourn to meet again on Monday, February 18, 1924. KEEP LITTLE ONES WELL IN WINTER Winter in a dangerous reason tor the little ones. The days are change- atM-otttt bright, the next one cold and 0101111], that the anther k “raid to take the 611me the trail at. an new» they and so much. In conuqnence. they on otten cooned up in overheated, bully ventilated rooms and are won salted with colds or grim. Whnt is needed Io keep the little one- well is Baby's Own Tablets. They will regulate the stomach and bow- els and drive out colds, and by their use the baby will be able to get over the winter season in per- tect safety. The new sales tax I will not increase the price ot Baby‘s ie,'y Tablets, as the company my: ”he tax. You can still obtain the I Tablets through any medicine dealer at 25 cents a box, or by mail, port 'pald,. trom The Dr. William’ Med- Heine Co., Brockville, Ont. KITOHINII (Mom Vivi) traumat- _ CHAS. HEIPKL. Clerk.