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FUTURE IS8 BRIGHT FOR FARM WOMAN, SAYS SPEAKER As a result of steady progress the Canadian farmer will no longer be called the "backbone" of the gountry, but will become the balâ€" anceâ€"wheel of all prosperity, with the privileges and responsibilities incumbent upon such a position, Miss Lucile McRac, Secretary of the U.F.W.A., predicted in preâ€" senting her reprt at the annual "Farmers‘ Parliament" in session at Calgary, Satisfactiom was expressed at the mectâ€" ing that a successor to Mr. Ruby had been found within the walls of the head office buildâ€" ing in the person of of Mr. Walter H. Somerâ€" ville, who during twentyâ€"six years ‘of valued service to the Company at the head office had, as Mr. Bowman pointed out, become thoroughâ€" Fitting reference was made to the retiveâ€" ment of Mr. Charles Ruby as general manager of The Mutual Life and high tribute was paid to his conscientious devotion to the Company‘s interests during his long period of service of over 40 years. Reference was made to the fact that he assumed the duties of general manager at a very critical time when the war and "flu" losses made a heavy drain on the resources of all Canadian companies. As Mr. Bowmarn statâ€" ed in his address, Mr. Ruby had the proud satisfaction of knowing that during the period of less than eight years in which he occupied the position there was an increase of nearly one hundred per cent. in the annual income. the assets and in the business of the Company. Mr. Bowman, who was closely associated with Mr. Ruby at the head office, also stated that: in his judgment Mr. Ruby possesses a knowâ€" ledge of the sound principles and science of life insurance that has never been surpassed in Canada. ~ Published every Thursday by David Bean and Sons, Ltd. Another satisfactory feature of the yean‘s business was still further reduction in the lapse ratio reported. Of the »Dusiness written in 1923, the lapse in 1924 was 10.13 per cent., whereas of the 1924 business only 8.64 per cent. lapsed in 1925. The assets of the Company continue to increase steadily. The exceptionally strong position of The Mutual Life is strikingly seen in the fact that the total assets of the Comâ€" pany have now reached the large total of $72,â€" 517,565 as against $65,960,767 at the end of 1924, an increase of $6,556,798. The healthy and progressive expansion of the Company‘s business is indicated in the subâ€" stantial increase in assurances in force as comâ€" pared with the previous year. At the end of the year 1925 the total assurances in force toâ€" talled $322,529,285 as compared with $295,â€" 729,866 at the end of 1924, a net increase for the year of $26,799,419. The total new issue for last year was $45,573,577, an increase of $2,249,280, over the 1924 volume of new busiâ€" ness. Other factors were the very favorable mortality rate experienced, the ratio being only 87.95 per cent. of the expected while the averâ€" age rate of interest earned on its inwfled funds was not only maintained but increased to 6.42 per cent. despite the fact that last year the trend in bond prices was toward highâ€" er levels (with consequently lower yields) coupled with a tendency toward lower rates of interest on mortgage loans. _ One factor which made possible the fine showing of the Company last year was econâ€" omy in administration, the expense ratio, alâ€" ready notably low, having been further rcâ€" duced. The percentage of income required to cover general expenses was further reduced from 15.50 per cent. in 1924 to 15.23 per cent. in 1925. "The outstanding feature of the gratifyâ€" ing and eminently satisfactory reports made to the policyholders of The Mutual Life Assurance Company at its 56th annual meetâ€" ing held at its head office on Thursday, February 4th, was the new high record for surplus earnings achieved in 1925, the total of $3,796,982.41 surpassing the previous high record established in 1924 by $296,724.41. The highly satisfactory results achieved, which inâ€" dicate the exceptional strength of The Mutual Life, will enable the Company to pay dividgnds to its policyholders on the same liberal scale in 1926 as heretofore while increasing the free surplus available for contingencies by $607,â€" 981.91. The company paid the substantial amount of $7,201,403 to policyholders in 1925, an increase of $969,252 over the 1924 total. an increase of $969,252 over the 1924 total, bringing the Company‘s benefits since it began business to $60,517,426. ADVERTISING RATES On application. Advertising copy must reach the effice not iater than Monday noon to insure insertion. | M.U'I'UAL LIFE MAINTAINS UNBROKEN | RECORD OF PROGRESS Waterloo Chronicle SUBSCRIPTION RATES One year, in advance............ In United States, per year ...... are actually helping to mould those great forces which are forcing things into a position where the farmer comes into his own." to realization. We begin to see ar The farm women, in turn, the JTALY‘S DEBT TO BRITAIN speaker _ believed, â€" would â€" become SETTLED IN CONFERENCE the most independent of \l'(\h\(‘“,: (ireat Britain and Italy have come comfortably situated, and more cerâ€" to a settlement on the Italian war tain of their station in life than debt. « "any other class of women on It is believed that the main lines garth." "Toâ€"day," she said, "all the of the settlement provide for the hopes of those countless women of payment of ap annuity of £4,500,â€" the past are crystallizing slowly inâ€" 000 for sixtyâ€"two years, the annuâ€" $1.25 The annual statistical and review number of The Monetary Times, recently© issued, is a creditable volume. It contains information not only for current reading but much this is of great value for reference purposes to all classes of financiers and business men. ’ Recent utterances of Premier Mussolini of Italy appear to indicate an ambition to enlarge {tho boundaries of that country in the direction ‘of substantial expansion of Italian interests ‘;u]onp: the Adriatic in the Alps, to be secured ;thruugh peaceful agreement and partitioning.! ;Iml_v, like some other countries, has a surplus{ of population and the views of Mussolini, who is practically dictator of his country, give color to the assertion in some quarters that his amâ€" 'hiti,nn is to build up an Empivre somewhat apâ€" proaching the Empire of Rome under the Caesars. The utterances of the Italian Premier are causing some alarm in ncighboring terriâ€" tories while the fact that much opposition is developing in Italy to the Disarmament Conâ€" Ference is also looked upon as justifying the alaam felt by the people of adjacent countries. In view of the recent accomplishments in the direction of peace, it is regrettable that Mussolini should give expression to sentiments which are not in accord with the spirit of peace although in his address he professed the most pacific feclings toward neighboring peoples|â€" and eschewed territorial "conquests." , ‘ Representations to the United States authorities have been made by the Canadian Government â€" and . also by United_ States cities and points whose harbors are also affectâ€" ed by Chicago‘s diversion of an excessive amount of water. The seriousness of the situaâ€" tion is such that the Government of Canada should not relax its eilforts to deter the city of Chicago from continuing to take an excessive amount of water indefinitely. The low lake levels were attributed to the Chicago drainage scheme. It was incidentally prought out that many harbors, particularly on Georgian Bay, could no longer be called at by hboats and that rocks neveer known to exist before now projected from many chanâ€" nels. Range lights, gas buoys, new types of aght ships and other aids to navigation were discussed. ‘ The unbroken record of progress of Canâ€" ada‘s proneer Mutual Life company as revealed in the noteworthy accomplishments of the year 1925 and preceding years, will be a matter of extreme gratification to the ever enlarging circle of its policyholders who can take justiâ€" fiable pride in the unabated progress of the Company. Its fine record of achievement exâ€" emplifies most convincingly that sound and progressive policies.have governed the adminâ€" istration of its affairs. The Board of Directors and those assoâ€" ciated in the Kanagement of The Mutual Life which is one of Canada‘s outstanding life inâ€" surance companies, are to be highly commendâ€" ed upon the very satisfactory outcome of the operations of the year just concluded, as a reâ€" sult of which it again enters another year with enhaneed prestige and standing. Appropriate reference was also made at the meeting to the services rendered the Comâ€" pany by the late J. M+ Scully for the long period of 42 years the trusted auditor of the Company. ly. grounded in the history, traditions and policy of the Company. It was therefore genâ€" erally récognized that he was well equipped to carry on the duties of this important office. Owing to the steady growth of the Comâ€" pany‘s business which extends from coast to cogst, it was deemed wise by the Board of Directors to appoint to that body prominent policyholders of the Company residing in the more distant portions of‘the Dominion. With this end in view, at the last sestion of the Dominion Parliament, power was sought and obtained to increagse the number of directors. The increase was duly authorized at a special meeting of the Company last week and the annual meeting therefore elected three addiâ€" tional directors to the Board, increasing the number of members of that body from twelve to fifteen. PREMIER OF ITALY AMBITIOUS d LOW LAKE LEVELS It is believed that the main lines of the settlement provide for the payment of an annuity of £4,500,â€" 000 for sixtyâ€"two years, the annuâ€" lties _ commencing â€" forthwith, â€" but possibly with some slight relaxaâ€" tion the first year. Italy renounces the interest on the £22,000,000 in gold deposited with the Bank of England. Moses H. Clemens, M.A.. Ph.D.. Evangelical Catholic Archbishop Kitchener, Ontario, Feb. 8, 1926. . Sir.~â€"On Feb. 7 in the Y.M.C.A. ‘milding. Kitchener, Dr. John T. MceNeill of Knox College, Toronto, dlelivered an instructive lecture on The Age of Hildebrand, who beâ€" ame Pope Gregory VII, a sincere church leader who struggled "against principalities, against Chairman tmay be Charles M. Bowâ€" man,. former Liberal Whip in the Ontario Legislature, and eince his vetirement from active politics assoâ€" viated with more than one establishâ€" ed â€" business _ in â€" Ontario. _ Joseph Daonst, prominent boot and shoe manufacturer, of Montreal, is menâ€" tioned as the second member, while a third will, it is stated, be chosen trom the Prairie Provinces. Donâ€" ald McKenzie, Secretary of the United Farmgps of Alberta, is menâ€" tioned as a possibility. f in fact, be almost equivalent to a Committee of Parliament. According to present intimations, the board will consist of three prominent business men, and its An Advisory Tariff Borad, conâ€" posed of five ‘uts(anding business men, three of whom are Liberals and two Conservatives, was last week strongly urged by a prominent wember of the Liberal party. It is argued that the proposed board of three is not large enough, and it is also urged that a board divided beâ€" tween the two parties as above sugâ€" gested, would serve to forestall any charge of partisanship, and it would, C. M. BOWMAN MENTIONED FOR TARIFF BOARD The division was precisely the same as on Monday night, with the cxception that Agnes Macphair (Proâ€" gressive, Southeast Grey) and G. T. MacNutt (Colchester) were@absent. Mr. â€"MacNutt was ill in the hospital, but Miss Macphail‘s absence was vnexplained. a six weeks‘ Parliamentary recess. The vote was 124 to 114, the majorâ€" ity of 10 being the same as that upâ€" on which the Government was susâ€" tained the previous Monday. At 11.45, Feb. 2, the King Governâ€" ment, with the solid support of the Progressives, Laborites and Indeâ€" pendents, defeated the Conservative Opposition‘s proposal to adjourn the debate on the Lapointe motion for â€" The unusual spectacle of a legisâ€" lative body, the Upper House, votâ€" ing itself out of existence, was witâ€" nessed recently when the Legislaâ€" tive Council of Australia passed first reading of a bill providing for its abolition. Introducing the bill, Hon. Henry Willis, Minister withâ€" out portfolio, said a nominee to the Chamber on the present basis would become a standing joke. The Govâ€" ernment would substitute for the Council a system of initiative;â€"reâ€" ferendum and recall. He refused to accept an amendment providing for a referendum on the present question. GOVERNMENT SECURES MAJORITY oF TEN ON LAPOINTE MOTION UPPER HOUSE DECIDEs * TO ABOLISBH ITBELF Yours,. etc the Chronicle COMMUNICATION Editor . of The Waterloo If you need a bloodâ€"building tonic begin taking Dr. Williams‘® Pink Pills toâ€"day. Sold by all medicine denlers or sent by mail at50 cents a box by writing The Dr. Williama® Medicine Co., Brockville, Ont. recover my usual strength. I was very weak, had a severe pain in my head, and a constant backache. I had to get a woman to do my work for me as I had neither the strength nor the energy to do anything. At this stage, remembering the great benefit I had through Dr. Williams® Pink Pills in girlhood, 1 began takâ€" ing this medicine, and soon, my strength began to return. I am now able to do all my own work again, and take care of my baby boy. I am very grateful for what the pills have done for me, and hope my exâ€" perience will be of benefit to some other sufferer." Have you noticed that some peoâ€" ’p:e enjoy good health through the most trying weather .while others ‘suecumb to colds or influenza at | »very touch of wintry conditions, ‘or are attacked by rheumatism or sciatica? The reason is to be found in the condition of the blood. If it ‘is rich and pure the system is able ‘tc resist disease. But let the blood ,hecnmo improverished and â€"the way is made clear for disease to enter fthe system. If the system has aiready been weakened _ by colds, influenza or other winter ailments, then Dr. Wilâ€" liams‘ Pink Pills are the safest medâ€" icine for rebuilding the blood and strengthening the body. An example of the value of these pills is given hy Mrs. R. O. Stromberg, Cobalt. Ont., who says:â€""I had a very severe attack of grippe or influenza, which confined me to my bed for a week. On getting up again I did not ills from the use of Dr. Williams‘ Pink Pills tones up the whole system and so helps the body to resist winter The common sense way to avoid colds and influenzaâ€" is to keep a plentiful supply of rich. red blood in your veins. Dr. Williams‘ Pink Pills have achieved wofld-wldo fame for their remarkable bloodâ€"enriching powers. The new blood which comes Colds, Influenza â€" and Like Troubles Can be z}voided. "If we cannot fight it in any other way," he exclaimed, "we want an appeal to intending immigrants in every foreign country not to come here. "It will be the greatest crime ever committed in this country," Mr. Woods, declared, in referring to the possible imposition of the export duty. "It means just ‘one thing; we pay so many cents a byshe? to Canadian millers on every bushel of wheat we grow and gather. _ It means robberyâ€"just straight and unqualified theft, but done by legislation." Just. previous to ma‘ing these statements, Mr. Woods «l been accorded _ a _ demonstration â€" that lasted for several minutes. KEEPING HEALTHY DURING WINTER Declaring that the possible imâ€" position "of an export duty on wheat is a very visible menace to the farmer, Mr. Wood, immediateâ€" ly following his reâ€"election as Presiâ€" dent of the U.F.A., appealed to the detegates "to fight ‘this inffernal thing to death." â€" into acquiring elevator facilities. It would be possible, he said, to force the poel to spend $15,000,000 or $20,000,000 for elevators, then, while the pool was loaded up with debt make a real fight against it while it was financially embarassed. The President of the United larmers of Alberta, H. W. Wood, was definte in his opposition to the gcquisition of elevator facilities at the present time. "You are going to drive the pools out of business if you drive them into premature elevator development," he said. He declared that it appeared to him as though there was a moveâ€" ment on foot to wreck the pool through an .attempt to force it The United Farmers of Alberta last week voted against the acquisiâ€" tion of elevator facilities by the Alberta Wheat Pool at the present time. to survey the Province and take aggressive action in the matter of temperance candidates in the next election. It empowers the Ontario Prohibition Union to place a straight prhibition candidate in the field in cases where a party candidate canâ€" not be endorsed by the union. ALBERTA WHEAT POOL AGAINST ELEVATOR PURâ€" CHASE; SENSES PLOT TO WRECK POOL Ontgrio prohibitionists . meeting 1,000 stroug in Massey Hall last week, by a large majority approved a subamendment calling for the appointment of a committee» of ten TO PLACE STRAIGHT ® PROHIB!TION CANDI DATES IN THE FIELD Byâ€"Law 892 to provide for expenâ€" diture on Township roads during the year 1926 the following amounta Moved by P. A. Wagner, sec‘d by L. Baechler, that Council form into n committee ‘of the whole on Byâ€" Laws 891 and 892. Byâ€"Law 891 to appoint a treasnrer the name of Cecil Barbour was written in at a salary of $150.00 per annum. Ety a motion made and L. Lackner, Reeve. the tender was accepted. Moved by P. A. Moved by P. A. Wagner, see‘d hy W. Freeman that Byâ€"Law pnmber ... to provide for expenditure on roads in the Townghip of Wellesley during the year lflgfi. be read a first and second time.â€"Carried. Tenders for the position of Townâ€" ship Treasurer were opened at the hour of 2 o‘clock in the afternoon Moved by F. Lackner, sec‘d by W. Freeman that Byâ€"Law number ... for the appointment of a treasâ€" vrer for the general purposes and also for the Municipal Loan Fund. in the Township of Wellesley, be read a first and second time.â€"Carâ€" ried Appointment to Good Roads Conâ€" vention.â€" This Council has decemed it to be in the interest of this Townâ€" shin to have a Representative atâ€" ‘end the annual good roads convenâ€" tion of this Province, which is to be held at Toronto the 24th, 25th and 26th days of February. 1926. mous vote recommended Mr. P. A. Therefore this Council has by unaniâ€" Wagner, deputy reeve, to attend at the â€"time and place mentioned, in the interest and welfare of this municipality. The recommendation of a repreâ€" sentative from this township to the Advisory Agricultural Council which was laid over at the January meetâ€" ing. was now taken up and conâ€" sidered, â€" whereupon the following Wellesley Municipal Council held their second 1926 regular meeting at Crosshill. Wellesley Municipal Council met, pursuant to adjournment, at the Township Hall, Crosshill, Monday, the first day of February, 1926, at the hour of 10 a‘clock in the foreâ€" noon. WELLESLEY TP. COUNCIL MEETS All the members were in attend ince, W. H. Knight; the Reeve, pre sided. //ij;-IBlIa grlhe ’!\‘ ”%‘ifi;y // ‘elock in the afternoon 1 made by P. A. Wagner cknor, carried by . the tender of Cecil Barbour THE WATERLOO ..........S. J. Adams, Manager Kitchener .............G. B. McKay, * Kitchener North Ward ..J. R. Clark. t Byâ€"Laws F. Lackner, sec‘d hy that Byâ€"Law number sec‘d by L. Baechler is hereby instructed too far on the public Brenner to move his to where it belongs June the first, 1926. Bank of Toronto managers are sood bankers. They know the farmer‘s needs. They are schooled in every phase of agricultural finance. AGOOD banker is a mhan you can rely on to look after your best interests, to give every reasonable financial support, to advise you on inâ€" vestments, to make your problems his problems. BRANCHES Limber up! _ Quit complaining! Get a amall trial bottle of old, honâ€" est "St. Jacobs Oil" at any drug store, and in just a moment you‘ll be free from rhenmatic pain, soreâ€" ness and stiffness. Don‘t suffer! Reâ€" llef awaits you. "St. Jacobs Ofl" is jJust as good for sclatica, neuralgia, lumbago, backache, sprains. Rub _ soothing, _ penetrating . "St. Jacobs Oil" right into your sore, stif, aching joints, and relief come® instantly. "St. Jacobs Oil" is a harmiess rheumatiam â€" linfment which never disappoints and cannot burn the skin. Moved by P. A. Wagnier seconded by F. Lackner that this council adâ€" journ to meet again at the Township Hall, Crosshill, Monday the first day of March. 1926, 10 o‘clock in the forenoon.â€"Carried. Peter F. Schummer, Clerk St. Clements, February 5th, 1926 Hierman Bechthold, for grading Wellesley and Woolwich, 14 pay, $1.00; H. W. Kaufman, for printing account, 3.25; Jacob Walter, for gravel account, 12.50; J. E. Nurse. for preparing reports to Governâ€" ment, 26.40; Geo. Crummer, rent for land: for stone pile 1925, 10.00; Christian Roth, wood for Township Hall, 2.50; E. M. Jones, M.D., for professional services, 10.00; Jacob Lorentz, stamp and telephone acâ€" count. 6.84; Total $75.49.â€"Carried. were inserted: The sum of $6000.00 for construction work and the sum of $10,000.00 for maintenance and vepair or roads, Both Byâ€"Laws were dated February the ist and signed by the Reeve and Clerk. Committee in Open Council Moved by L. Baechler, seconded by P. A. Wagner that Byâ€"Laws 891 and 892, as filled in be read a third time and passed.â€"Carried. Payment of Accounts Moved by P. A. Wagner seconded by F. Lackner that the following wceounts berpaid and that the Reeve isue orders in payment of same, as tollows : Herman Bechthold, for Wellesley and Woolwich, $1.00; H. W. Kaufman, for account. $.2%5: Jacob Wa Ah! how good it feels. Your nosâ€" trils are open, your head is clear, no imore hawking, sruffling, blowâ€" ing; mo more hearache, dryness or struggling for breath. Ely‘s Cream Balm is just what sufferers from head colds and catarrh need. It‘s a delight. Rheumatism is "pain‘ only. ‘ Not one case in fifty requires inâ€" rnal treatment. Stop drugging! If your nostrils are clogged and your head is stuffed and you can‘t breathe freely because of a cold or catarrh, just get a small bottle of Ely‘s Cream Balm at any drug store. Apply a little of this frag»ant, antiseptic cream into your nostrils and let it penetrate through every alr passage of your head, soothing and healing the inflamed, swollen mucous membrane and you get inâ€" stant relief. Ouch! Aching Joints, Rub Rheumatism Pain Rub Pain right out with smal trial bottle of old "St. Jacobs Oil." STOP CATARRH! OPEN NOSTRILS AND HEAD Says Cream Applied in Nostrils Relieves Headâ€" Colds at Once. w t o se e t un B t t ce 00 o w o on sn e o en 239