Ontario Community Newspapers

Daily British Whig (1850), 3 May 1902, p. 7

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£554 A : ween 5 PE WW Ls A CONDITION THAT AFFECTS | The Appetite Faile--Strength De- hen Mrs. R the gave him i cular +1 am t © and in spite strat wd worry the a entailed 'to my house blessed er, after strength that my Ii ii il HEE Fi » Homes Pk are $i diseases 'arising weak or nervous 5 Be Situ 'the ailments vo wor mail po ia ' it i ' six Bore low Dr, Ont. Hj: i - § George A FINE RECORD. : ---- " What the Liberal Government Has Done. What hes the liberal government done for Ontario during its thirty years' term ? The bill is avlong one and its items cannot all be cited at once. Fut here are 4 few of them : The contention for territorial rights in the greater part of what is now known as New Ontario. The possession gud the development of New Ontario, Vote by ballot. i by election by } The establishment of the schoo of practical science, _ The making of the agricultural col- ¢ x petition education. The establishment of normal schools st Ottawa and London. | The extension of the franchise to farmers' woms. ' The building of colonization roads in many of new districts. The establishment of 5 reformatory for females, 3 vd The extension of surveys of crown lands. age mmigre i Fncouragement i tion. Facilities for settlement, The erection of pew = parliament buildings. The assertion of the right of the province to property in rivers and streams. 2 -- establishment of a normal col- County council reform. The appointment of a good :oads CQ . The i of a provincial mumied auditor, The of | The A pionoar 7 establishment of a pi dairy farm in order to test the agri- cultural character of the lands of Western Ontario between Port Arthur and Rat P A handsome vote of $1,000,000 for the encouragement of good roads. The right of property of the pro- vince in the timber and minerals of the disputed territory, The -provincial control of liyuor licenses, Remonstrance the action of the dominion government in taking control of provincial railways. Increased representation for Algoma in 1885. Improvenmnt in the separate schogls act. The creation of a separate depart: ment of agriculture Representation in the legislature for New Ontario. The teaching of French or the province where the locality rendered it ¢ in Sader io the better teaching of English. The appointment of go drainage re: H The building of the asylum at Brock- ville. dren. A The protection of forests z pointient of a eae ht nd. there is more to be mucordll Li) J All this the government has done for the province. The © done nothing but. oppo, This Russell, in Tatler. * A lady who had lived for years in the country returned to don not long ago, the social ) 1 ate Bary on £500 go 3 and yob wi iamond tiaras." A yo married with no er dog er of sub sistence than smartness, and pleasant manners. oy pro- of ¥ 1 poration: western in the public and sebardts schools o § if i i i {¥ *ie : t i i (1 if sil d i d ; Bi Fv it i BF | £ { | Hl i 3 Hl gf PLE bel £1 | i tl Hy § 3! F By Ff } i 1 ¥ A Joon . gee i Hi ¥ h ge i : : i +l iE i & i E ¥ Ly We Wheouy Toei sud dress; When the frosty ground is thawing, Aud the Crows Resp Up Wer cawing, dben we Roow, without more jJuwing, luat she joyiul spring is bere, r pm-- ° -- Subscription Books Will Close at 4 p.m. on WEDNESDAY, the 7th Day of May. 1902. Company, Limited HEAD OFFICE: TORONTO, CANADA AUTHORIZED CAPITAL, $3,000,000 in Shares of $100 each, divided into 15,000 7 per Preference cent. Cumulative Shares, $1,600,000; 15,000 Common Shares, 81,600,000 $850,000 of 7 percent. Cumulative Preference Stock is now offered to the Public for Sale at par PAYABLE: 10 per cent. on application, 20 per cent. on allotment, 20 per cent. two months after allotment, 25 per cent. four months after alhos ment, and 25 per cent. six months after allotment. 3 DIRECTORS PRESIDENT-W. C. EDWARDS, M.P., of W. C. Edwards & Co., Limited, Lumber Manufacturers, Ottawa. VICE-PRESIDENT-R. Y. :LLIS, Vice-President of P. W. Ellis & So., Limited, Manufacturing Jewelers, Toronto. CHAS, H. WATEROUS, President of Waterous Engine Works Co, Limit: | J. W. WARDROPE, Director The New Richmond Lumber Co., Ton, R. H THOMPSON, Wholesale Paper Merchant, Buffalo. A. J. B BOKARDT, Manufacturer, Toronto. Wa. M, McINTYR Laurentide Pulp Co.), and CHARLES LYMAN, President the Lyran-Knox Oo. Limited, Montreal. |W. R. P. PARKER, Barrister-at-Law, Toronto, Bankers-THE OANADIAN BANK OF COMMERCE. "Solicitors--PARKRR & BIOKFORD, Toronto, Ostieda Brokers--SUTHERLAND & CAMERON, Ottaws, Canada. ; : Registrars of Stock and Transfer Agents: NATIONAL TRUST COMPANY, Limited, Toronto, Montreal, and Winnipeg. Atlantic Pulp and Paper < B, Paper Manufacturer (late Mechanical Superintendent us of the Company was issued (about the First of April), the Company has received two offers for the purchase of ite entire output . These offers are entirely unsolicited, and are from parties table to assure the payment of the full divi the sale of sulphite pulp or from the saw mill, which, it seems reasonable nd on the Preferred Stock, t to pay a large dividend on she Common Stock, if no unioretorn Soutin whose standing is such as to guarantee the performance of any contract they ma One. of these offers covers the first year of production, and the other covers the first three years. Either offer, if acoe) would be 3 provide the amount required by the Charter for a ould ncies sh arise. This does not include profits estimated from be sufficient to cover all unexpected contingencies. PROSPECTUS OBJECTS OF THE COMPANY The Atlantic Pulp and Paper Company, Limited, has been organised in take advantage of the unrivalled facilities for the manufacture of per at New Richmond, on the Bale des Chaleurs, and by its powers of the fullest description. It is confidently believed that can be more economically manufactured there than any in America. The essentials to the success of such a concern are: Cheap and unlimited pulp wood; Adequate water power cheaply developed; Pure water for the manufacturer; Cheap labor; Low transportation charges; Rtficient management. will geen that the facilities possessed by this Company assure a of cheapness in the production of paper never attained before, while situation of the mills on the Atlantic seaboard makes it possible to ship all foreign ports by water without trans-shipment. As the Company prop to fine itself al dusively to the export trade, it will readily be seen that this gives it further advantage over all other companies. 1. 'WOOD SUPPLY .~No paper mill in Canada has greater advant- ages in point of situation. Many companies do not own their own limits, being entirely depend on side purch and subj to fluctuations of Other companies owning limits have to transport their » ng stances by water or rail. Thus we find mills at Mer- and N Falls are bringing their pulpwood from Central Quebec. prosperous paper companies even buy their pfilp in the manufactured The of the Atlantic Pulp and Paper Company, Limited, willl be about miles from the limits, where there will also be a very large - pond of holding several milton logs. The Little Cascapedia flows to end through the center of the limits, and the large of tributary streams does away with the greater part of the haul- LE ¢ fy sie i : ; : i i 8 i 2. WATER POWER. Mr. George F. Hardy of New York, the foremost American authority on this subject, has made a thorough examination of the water power that can be developed on the Little Cascapedia River at a point tmmediately adjoining the proposed mill site, and his report shows that sufficient power can be developed to run mills of even greater capacity. This report can be seen at the office of the undersigned, or at any office of the National Trust Company, Limited. $ WATER SUPPLY. --~Pure and clean water is one of the most im- factors In connection with pulp and paper-making. The bed of the Little Cascapedia River Is rocky, and owing to its crystal-like clearness and purity the water in the river is suitable for making the finest grades of paper without the expense of filtering, which is almost Invariably required The following is an extract from one of the reports: "I have been working in the lumber woods for twenty ywars or mors, and have traveled and examined limits in the State of Maine, New Bruns. wick, sud Quebec, and worked in Wisconsin and Minnesota, and I am sum "this is the best pulp limit I have ever seen or traveled over." On the basis of any one of these reports a conservative estimate that there Is sufficient pulpwood now on the limits to supply the proposed mills for more than 65 years. As spruce wood will replace itself in from twenty-four to thirty years, it will be seen that there is sufficient wood om the limits to afford a perpetual supply 10 a mili>double the capacity of that now contemplated. The freehold property consists of twenty acres where the saw mill, dwellings, and office are situated, and 356614 acres on the bank of the Little Cascapedia River, where it is propesed to build the Pulp and Paper Mills, THE PULP AND PAPER MILLS It is proposed to erect-- A Paper Mill with a daily capacity of 54 tons. A Ground Wood Pulp Mill with a daily capacity of 50 tons, and A Sulphite Pulp Mill with a daily capacity of 40 tons. Mr. George F. Hardy has estimated the cost of erecting the Pulp and Paper Mills and of developing the water power at $550,000. The balance from the sale of the Preferred Stock will be sufficient to complete the pay ments for the limits, water power, saw mill, etc., provide working capital, and leave a substantial balance for contingencies. » THE SAW MILL There is on the property a saw mill, equipped with the latest improved machinery, capable of turning out from 35,000 to 40,000 superficial feet of sawn lumber in ten hours, and is equipped with all necessary paver, gear- ing, shafting, etc, for the installation of another saw, which would double the capacity. MARKETS The markets will be chiefly foreign, including the Eastern States and Great Britain. In view of the expected advances in the price of paper in the Bastern States it is probable that the greater part of the output will be marketed there. Situated asthe mills will be on the seaboard, paper can be laid down in Liverpool and New York, duty paid, at such a price as to defy competition. Freight quotations can be seen at the offices of the National Trust Company, or the undersigned, ESTIMATE OF BUSINESS AND PROFITS Estimating the cost of pulp wood at $2.26 a cord, careful estimates made for the Company show that the ground wood pulp should not cost over $5.89 a ton, and sulphite pulp not over $16.00 a ton. The actual cost of newspaper from pulp, estimated at these prices, should not be over 516.04 a ton. This is after making all necessary allowance for depreciation and Fund, and leave & longed tour round the. coumtry OF LABOR ~The labor employed ia the mills and woods cost of their innwmerable friends, they y than probably any other American mill, as far as known, as competent tled down at Woolwich. It appeared in this section of the country, on account of the cheapness of living, v low wages. that hese kind young people used = give lit parties, invite' TRANSPORTATION CHARGES. ~The shipping facilities of this gentlemen cadets" from Woolwich are certainly unequalled by any sirhilar enterprise in Canada, the academy, and make them play cards for money. "The device of n renewal of plant, and all charges of management and selling. The following estimate of the annual output of the mills has been preo- pared by Mr. Wm. M. Mcintyre, a practical pulp and paper manufacturer, and is believed to be conservative and well within the mark, and includes allowances for salaries and contingencies: 16,902 tons of newspaper at $37.00 a ton Lob. at mills «o $625,374.00 5.29414 tons of sulphite pulp st $30.00 = ton fob. at mills vere BABB35.00 me. $874,300.00 Cost of producing same: 16,902 tons of ne $204% tons of , Ot 316.94 a ton 286319.88 pulpat $16 a ton 286319.58 mes 419,081.88 $456,177.13 106,000.00 EF 7 per cent on $1,500,000 Preferenca Stock .. .. .. +» Avatlable for Reserve Fund and further Dividends ... $360,177.13 The ground wood pulp and the balance of sulphite pulp will be cen~ sumed in the paper mill of the Company. The estimated profits from thé operation of the sew mill are not in- cluded In these figures, but owing to the enormous quantities of cedar on the limits, substantial profits should be made from the manufacture of rall- ete. The Laurentide Pulp Company, Limited, In its annual report, June 30th, 1900, stated that the Company's saw mill added to the year's profits an amount equal to its entire cost, although it was oper~ tor only three months of the year, and estimated that the future profits this source would cover the interest on the entire bond issues of the 4 ISSUE OF S8TOC For the acquiring of the said property, equipment of the pulp and paper mills, the siding to the mills, and the of sufficient working capital, the present of Preference Stock is made. The whole of the Cent: Cumalative Preference Stack een rocking co ee of . . . For every two shares of Seven per cent. Cumulative Preference Stock subscribed and paid for, there will allotted by way of bonus one share of fully paid Common Stock. " -- even Per Cent. Preferred Stock is Cumulative, carries yearly dividends, and has priority over the Common Stock as to both divide Bg dividend on the Common Stock, a further sum of one After the payment of the dividend on the Preferred Stock, and before any of per cent, must to a Reserve Fund, the charter. This fund it he further assuring of the dividends on the Preferred Stock. per Pedy be made in due course or the Hating of he hares of the Crumpbty on th Toronts and Montreal Stock Exchanges i REET - § sil Hall t [i si j of the water er, building the raflway § ge Seven Per

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