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" : > . : TUESDAY, APRIL. 1, 1084, ON PARLIAMENT HILL By a Member of the Parliamentary Press Gallery : A 9 5 ; R d | Ottawa, Maréh 29. Exoeeding in | Sif Henry never recelyed them, nor . A. : Vv orld m 4 cCOr importance any of the more purely: did Mr. Fielding on attaining office. _ political doings of parliament last | As soon as news came of the bank's 'week was the decision of the House | failure, the private secretary for- to refer inquiry into the administra- warded the papers direct to his-form- tlon and failure of the Home Bank | er chief, Sir Thomas White, thus The Metropolitan is establishin a head office in Canada. ir will HE Meteo litan is mutually iad by its keeping -from the knowledge of. the |. 2 v \ . the House on Thursday, by mears of other: inquiries proceeding at Toron- to the select standing committee on Banking and Commerce, the intention of the government, as | to have a upon the war-time relations of the Home Bank with the then minister. shown in its activities before the session opened, to proceed along two It has been | government documents now thought very important bearing particular lines of policy, in respect | of finance. of the Home Bank: (1) To: conduct means of a Royal Commissioner, and, t an inquiry by (8 2) To confine that inquiry t6 the p'the failure" i3) very influential persons had called upon him, appealing for a large fed- eral depts as a means of averting disaster. Mr. King, 'the request was refused. matters mentioned, and the period of time covered, in the memorial present to it by the Depositors' Commitee. But, when the issue was raised in a resolution by Mr. Irvine (Calgary), it soon became patent that the sense of the Commons was distinctly favar- able to a parliamentary inquiry, re- | dier's the returned men of Canada and tle advanced views he bripgs to bear upon consideration of their problems were strikingly evidenced in Mon- day's brief debate upon the motion by J. J. Wdrd, providing for a gen- eral writing-down of the capital in- debtedness of altogether of the - itoyal gardless half-dozen Commission and of the to and before the Privy Council. This sentiment the government respected, and it at once accepted a resolution, moved by one of its own supporters (Frank Cahill, Pontiac), calling for Hon. Dr. Extremely dramatic, also, was the tatement by the leader of the gov- ernment that, at midnight on a cer- ain date--"one or two days before of the bank--certain Needless to say, declared The Soldier Land Settlers. ~~~ The genuine sympathy with which Beland, minister' of Sol- Re-Establishments, regards soldier-settlers, 'department by a preceding minister, " chial troubles without taking medi- sore, every surface that is irritated: "satisfaction from Catarrhozone. Com- months. Smaller size, 50c. At ul investigation by the standing com-[Recarcely had Mr. Ward outlined his "mittee on Banking. Indeed/it went case--which he presented very ably further--furthef thar % deposi- | --before Dr. Beland welcomed the tors' committee had asked--and de- | idea of the resolution. Such very cided to extend the scope ofthe | action, he said, had been in his own probe to the steps by which the mind for some months; he felt that Home Bank was organized and by | drastic deflation in the value of farm which its charter was obtained. In | products had made syecesy very dif- other words, parliament will investi- ficult of attainment" for thousands gate the Home Bank from a point of | Who had taken land under: the aus- time ante-dating ifs birth to the | pices of eos Settlement Act. moment of its disast dissolu- | Especially grievous was the lot of tion. / : these men who had purchased land Dramatic Debate, 'that had been at high rating. He asked, however, that Mr. Ward not The debate. upon the resolution, | Press for investigation by a special 'which lasted all afternoon and even: | parliamentary commitfee. until.the ing and terminated with a division | House was in possession of. the._re- at one o'clock in the morning, be- | Port now: being prepared by the Bel- came at times highly dramafic, as| ton Royal Commission. That report, when the prime minister expressly denieg--on behalf of his sick. minis- ter of finance, Mr. Fielding--that he (Mr. Fielding) had ever seen or known of the existence of certain papers left with an employee of that -ly in directing the activities of any parliamentary body that might be appointed. 'The liberal attitude of the minister will win warm approval .of thousands of ret ed men who are finding it dificult to "make it Sfr Thomas White. These myster- | 80" on land Yoo-highly capitalized. jous documents, marked "Private," were left by Sir Thomas with his private secretary, to be handed to his succesbor, Sir Henry Drayton. LAsparentiy, sald the prime minister, Bronchitis Gots Quickly "Throat Is s Strengthened * Coughs, Colds Ids, Catarrh Soon : Disappear. "The St. Lawrence Waterway. Partisan lines were submerged when parliament spent an entire sit- ging in denating the St. Lawrence deep waterways project on a motion for production of papers in.connec- tion therewith. Geography showed up plainly as the factor of division. Quebec members, one and all, saw little of value to Canada in the pro- ject and 'were prone to favor the Georgian Bay Canal--that is, if any Smtr) new canal {s a necessity. Irrespec- Science has brought forward a |,;.q of party, Ontario members in- new treatment that removes Bron- clined to urge prosecution of the scheme, while most westerners who raised their voices did so in the | cause of cautious inquiry and care- ful action. One thing was made patent by the debate: If central and western Ontario, plus the more east- erly portion of the west, wish to se curé definite steps toward deepening of the St. Lawrence, the onus wil¥ be upon their representatives in par- lament of presenting such a case as outfit, $1.00, .dnd lasts .wo | cannot be overlooked by their col J Jeagues from other parts of the do- minion, dust by the way, it was in- teresting to note this fact: while Montreal spoke thunderously against the St. Lawrence waterways, citing many things that might happen were water to be used for power-develops ment, it had no word to sidy en the | following day regarding Toronto's emphatic protest against diversion of water from the Upper Lakes by Chicago--and yet the latter practise | already is showing : ery serious :re- sult in lowering th svel of Montreal hatbor, Of course, in this instande, cine. . This wonderful -treatment is carried by the air you breathe to the very root of the trouble. So simple to breathe through a Catarrhozone Inhaler, and instantly get ease and comforting relief. Every spot that is is bathed with a soothing balsamic vapor. For quick action gn throat troubles, to destroy a-nasty cold, to prevent grippe, you'll get wonderful ARRIStS OF by Mail TFom THe DF Pill Co'y, Montreal. - trude. * Labor, in Canada, will not be slow to appreciate the action of the prime minister in accepting Mr. Woods- worth"s suggestion. of a special House committee on Industrial Re- lations. Mr. King passed a keen ob- seryation upon the present trend of world-events when he opined that such a body might well be enlarged in scope 'and importance, and de- signiated.the committee on industrial and international problems. Public Works Votes. Fallure of the government.to pro- 'vide, early in the debate, full infor- mation regarding the negatiations ¥| over the purchase by Canada of new offices in London caused its leaders an uneasy. two-hours last Tuesday night. Objection to'the vate of §1.- 300,000 at first clustered "around purely economic factors--such as the size of the building, amount otf floor space, cost of repairs, rental, efc.-- but it soon became of a very different character when the minister of Pub- lic Works® appeared unwilling to produce desired information. Hom. Dr. King, one of the most likeable men in the Cabinet and a good ad-| 'ministrator, is distinctly out of his element in. putting through esti- mates; the more he is queried and heckled, the more helpless he be- comes. On this occasion, nsed, "| without, full realization, of its & ance, the term "cor - ng Cahada's pape with the trustees of the Union Club; later, he referred to\an "agreement to purchase; again to "am option." deed, his real embarrassment---was 21,000,000: Donk Its assets belong to the policyholders. They are accumulated 'to meet policy obligations and for no other purpose. Every -policyhalder is a capitalist--an investor--and his' interest should be recognized by legislators policyholders own over and commissioners. The + $313,000,000in railroadsecurities; $606,000,000in real estate mortgages; $80,000,000 in public utility bonds; $200, 000,000 in Government obligations. Business Statement. Deceniber 31; 1923 Dr. Beland felt, might ald material, the matter of "power" did not inv} trol of the item. He gave, 1 Asots . os e oe eo eo More than any oer Insurance Combunyy in the World , : Liabilities 3 "#- Reserve for Policy Obligations . Dividends to Policyholders payable 1924 All Other Liabilities + + = « 40498,790.35 Unassigned Funds vw ae AMIE Increase in Assets during 1923 . . . eo oo More than any other Insura ce Company in the World © + $1,290,579,178.00° 25,572,037.69 More than any other Insupance Company in the World © Gain in Income, 1923 $i. "a ee More than any other Insurance Company | in the World Paid. for Insurance Issued, Increased and Revived din 1923 CO I re Je Bros: opens tn' he . Gain in Insurance in Force in 19237 $6 ve Tn Move than any other Company in the World Number of Policies in Force December 31, 1923 More than any other Company in the World . Number of Policy Claims paid in 1923 e? tats Poaging Soe am s ase: 3 such | of each Jax ol 8 hry day of 8howrs Total Bonuses and Dividends paid or credited to holders 1892-1923 -- plus dividends declared é Insurance Outstanding ORDINARY (Insurance for the larger amounts, prem. iums payable annually, semi-annually, quarterly or monthly) . Move than ny other Company in the World ie pir INDUSTRIAL (Premiums payable weekly). , GROUP . . . Rr LT aS All placed within seven years TOTAL INSURANCE OUTSTANDING ¢ 'More than any other Compuny in the World In Canada Metropolitan has more insurance in force than any other company + +. +. 4 4p 40 0. Metropolitan placed in 1923 more than' any other company ¢ 8°80. 9.0. 8 8 4 2.0.08 0» Metropolitan has more Canadian secusities on deposit with Dominion Government and Canadian trustees - than any other company . Sve oa se oe ~ Metropolitan has invested in Canada over Sos a ha = $43,813,575 being Canadian Nearly 1,922,000 Metropolitan po wd ei are held by Canadians GROWTH IN TEN-YEAR PERIODS $1,431,399,418.27 '1431,399,418.27 171,549,093.04 Income in 1923, &+ . ., i. 396,311,664.25 55,643,362.95 2,359,034,859.00 1,430,697, 111. 00 30,221,727 430,866 or 1924 anion $4,710,630,635.00 3,910,156,319.00 617,467,114.00 9,238,254,068.00 $525,749,774 113,894,757 75,700,661 105,000,000 lncome for the Year Assets at Bad of Your | Uptipisned unde Pores 2 fd of For | ns Badd Vm + 280,805 were to $ 627,368.24 4,109,689.92 |, 10,691,857.56 35,728,077.34 74.749412.23 $ 2,082,619,05|8 2,186,622.24 15,216,236.65| 19,343,705.06 49,887,804.11| 105,656,311:60 117,503,043.89| 447,972,404.85 396,311,664.25| 1,431,399,418.27 531,048 [8 2,940,226 7,523,915 13,957,748 1,342,381,457|1 2,816,504,462. 63,425,107 353,177,217 30,221,727 9,238,254,068 | | Commissioner, Had the prime wi & be located in Ottawa, where land has been purchased on. which the Company will erect its own business buildirfg. The Canadian business East of the Rocky Mountains will be transferred to the Ottawa office, and here- after Canadian business Fast of the Rockies will be transacted in Canada. In effect this means * bringing to the Dominion an in- surance company having, more than. $500,000,000 of life insur- ance in force. Canadian policies will be issued "in Canada, Canadian premiums will be paid to the Canadian office and from\this Canadian office the claims will be paid to Canadian beneficiaries. + Third Vice-President ARCHIBALD F. C. Fiske will 'be the chief ex- ecutive officer and a staff will be assembled in Ottawa sufficient to handle the Canadian business 'which has been so rapidly in- creasing. The number of Met- "epolitan licies held by Cana- dians at np end of December, + 1923, was 1,921,652, much the largest number held in any company---an indication that the Company has the confidence of Canadians. The Welfare work of the Com. pany will be continued and ex- nded in Canada exactly as it willjin the United States. Except in communities too small to permit the service, the Company sends nurses to Industrial policy- holders when they are sic Er. of charge. In 1923 these dion made 2,482,919 visits, of which The Company distributes a vast number of booklets and pam- phlets giving hints as to preven. tion and cure of disease in"an _ effort to improve health and hygienic ¢onditions among its policyholders. Last year it dis- tributed 33,790,840 such pieces of literature, InCanada 2 ,288,552 pieces were distributed. The Metropolitan's total invest- ments in Canada at the end of 1923 were over $105,000,000 of which $43,813,575 22 was in Canadian & 2 Government / bonds. This in- vestment,{added to the: sum paid in 'Canada to policy- holders and for administration ex- penses and taxes, since the-Company began business in the Dominion in November, 1885, exceeds by about fifty million dollars theamount received by the Company in premiums from Canadian policyholders. rs Ie 3 'METROPOLITAN LIFE INSURANCE 'COMPANY - NEW YORK Biggest in the World, More Assets, More Policyholders, More Insurance in force, More new Insurance each year | A MUTUAL COMPANY ~INCORPORATED BY THE STATE OF NEW YORK dians. TS The minister's indefinitcness--in.) after it had first béen asked, a luc explanation .of the Whole negotia- tions, showing why some fairly-de- finite undertaking had to be given to the Union Club trustees before they would consent to an option on' their property and why, nine months later, it was Hocandury to appeal to par- lament for the funds to implement the ise implied, if not specified, = the agreement seged last June Ww Hamoursple P. C. Larkin, High aa the taste gb blood: 10 bis Inguisits x: es ha it naelly 3 Freer To ater 2 ps 'otherwise, that must follow further delay and the $600,000 necessary for ister's i and final statement been made the estimate was first pope , hours of debate would have been saved and rather sharp charges 6f usurpation of parlia- ment's prerogatives would have been avoided. Completing Parliament's Tower. "Common-sense proposals finally availed respecting completion of the parliamentary tower and the coming summer should see the work well un- explained the loss, and Know Where To Shop READ THE ADVERTISEMENTS a MAKE YOUR WORK EASY Hove the Hotpoint ic Goods in your home. We have everything you may need to _ bring gomfort -- Irons, Toasters, Heaters, etc, Jialiday = Electric Co.