Ontario Community Newspapers

Port Perry Star, 12 Dec 1918, p. 1

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§ golden bonds of matrimony) ght into our daily life is the old word, and we hope that # ¢ Tdo not-mean to say that 4 ry is old, but : patient k Cor they crossed the thres- Hold o'er. - In the sate way, the wat dill fiot invent subs or airplanes, but through the necessities of the war these devices received an impetus "in three or four years, ily they would have received in thirty or forty ondgisidiond a Sy: and they progressed ac- ] eordingly. gp The ost popular issues in Camadaihave been the Government Bonds issued for war expenses, and the fagtors which made them popu- lar were the undoubled security, the high fate of interest, the convenient sizes, and last. but not least-Patriotism: the fact that the money loaned to the Government, through this means, helped to carry on the war, and back up the boys at the Front. RE ~~ The rate of interest they bear is very high for bonds, and being tax free, With interest payable without charge adds a further attraction, ~ although to tell the truth the "tax'free" feature is largely camouflage. It - adds to the wealth of the rich man by exemption from his income tax, 'J while the small bond holder, who pay$ no income tax anyway as bis in- ~ come is not large enoigh to be taxed, as may readily be seen, 1s not only not benefitted, but in fact stands to Jase, as, to the extent that the weathy evade their taxes, the poor ii a bear the rich man's burdens The matter of getting the interest cheques paid free at any bank is, however, a large drawing card. Eg said that it has been coun- ceded an all ages. until recently that for r agony a. horse bite has everything else frozen Stiff, but win ron districts this agony is ~ has been supeveeded by the Phin a a man sufiérs when be has t@pay 10c. exchange. But to revert to the test, from which we rer Bienwandering. The . origin of the. bond 1s briefly, and I must confess rather liberally, transla- "ted as follows: iw Away back, some safey-tfirst- fellow invented the mortgage--derived from two words: "mort" death, "gage" a pledge,--a death pledge, and such it certainly was and is.in many cases. ~A man borrowing money on 'his farm gives as a security to the lender a deed of his place, in addition 'to bis covenant to pay. with the proviso that if he pays the money back within the terms of the loan, the lender will release the- security, or, in short, deed the property back; if not, he retains the lands and can still 8 siie for the payment of the loan. "i. As business grew, the one-man industry was found to be too small and apt to be interrupted by death, so the Company or Corporation--a - body without death --was introduced: a number of shareholders who had a fraction or share of the business each. A development of this system was Corporation borrowi "and Corporation lending; and a further de- 'velopment was the mortgagebond, where a niunibe: of shareholders took a piece of the mortgage, the shares in it being termed bonds, This sys- tem put big business on its feet. Formerly, Federal, Provincial and even city loans were effected in England at 24% to 4%. Should the money market fall off, the present _ | high rate will drop; and the wise virgins. who bought the Twenty Year Bonds will be see their security go to a premitim, not so the wise men "who took the Five Year Bands, they will not see any cream come on theirs, as the time is too short for it to rise. Bonds registered as to: Principal and Interest are called "Fully Reg- istered Bonds" and the Interest is paid by cheque 'mailed to the owners, the samé as dividends on stocks, When the Principal only is registered and the Interest is paid by cotipons attached to the Bond, from which = they Slipped us thy are us; they. are called "Registered Coupon i' sely: the | same. Registered Coupon application, only they ate payable to the *"Bearer,'-- that is sya Who helds and possesses on, may af any time turnthem Bonds without you would the will be full of it's time to quit. Don't let every "Get-Ri -Quick-Wallingford" who goes to Ottawa, frame up a Railway to the Me 'and build it on Bonds, * uriless you are prepared to take your pay in moon Moral: Buy Bonds, but see that they are founded on & Tock. n= cidentally pledge your member to.sound finance. The war is over, Reception of Returning Soldiers In response to the announcement of a meeting at the Port Perry Armouries, on Friday, December 6th, at 8 p.m., a number of citizens assembled to consider the question of fittingly welcoming the soldiers te- turning to the town. Mr. S. Farmer, was elected chairman and directed the business of the meeting. Rev. W. H. Black, who was elected SecTetanfiggectited the minuted. The following motions were moved, gly seconded, fully discussed, and unanimously agreed upo W.L. Parish--C. R. Ptowart That an arch be: "erected in the vicinity of the G. T. R. Station; and the following gentlemen be a com- mittee to have the work immediately ezecuted, Arch Commitiee--A Roberts, | Ward, G Davey, W Cook and J] Hood. EH Pardy-- J Stonehouse--That the Cocncil bear the gost of erecting the arch; W L Parish--C R Stewart---That a committee bes "appointed to visit the homes of returning soldiers, and, in the name of the citizens _of Port Pexry, extend a fitting wélcome. Welcoming Committee' -- Mrs Stent, Mrs R Murray, Mrs J] Ward, Rev J Ford, Rev C Stent, Mr Jas Stonehouse. J Stonehouse--Rev |] Ford--That, in addition to a formal wel- come, each soldier, who at the time of enlistment or discharge bad his home within the bounds of Port Perry, be presented with a suitable gift. Rev C Stent - W_L Parrish -- That only soldiers in regular military standing at the :lose of the war and those having previously received their honourable discharge be the recipients of the eitizens' gift. Geo Rose--C R Stewart---That Messrs. S Jefirey, E' H Purdy, 8 "Farmer and Geo Rose be a committee to tie soldiers whom thé town should honour. make enquiry regarding the cost of suitable gifts, and report at the next meeting. The meeting adjourned to meet again, at the Armouries, Friday, December 13th at 8 p.m. W. H. BLACK, Secretary To Meet Them at the Train ArrangementShave been made to keep our citizens posted as to the time of arrival of returning svldiers so far as possible, in this way: Bills will be placed in the windows of the Post Office and the Star Office, bearing these words--*Returning Soldiers Expected on rning (or evening train, as may be) Citizens are requested to meet the train and welcome the soldiers home." Persons knowing definitely of the time of arrival of returning soldiers will please leave word at Star Office. BIG Boot & Shoe SALE We are carrying too many boots and. shoes afd . must reduce our stock to make room. . In order to " do*so quickly we will sell them at prices: which will make it worth while to buy now. For example: Misses' Calf Button Boots, _ Regular. $4.00. 2} 06, Misses Patent Boot, cloth top, sizes For $2. Thereare to 6, Regular $3.50. These show the sacrifices are making, many other kinds at equally reduced fos SALE E STARYS, oN : £ ertain_ a complete list of

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