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~7Ge aS = OR, THE LOST PATRIMONY, CHAPTER IV.-- (Cont'd) From the day of 'our r into. college, Wallraye thing that the most e fastidious frie e-entrance n was every- Xacting and ud could desire him : Sell-possessed, digni- €u, sracious--though seldom per- haps never, choerful. He nev ; : 2 neyer voluatarily mentioned: Re ¥ gina to and u ever I would name her to him, he would govern a strong- y Tising- emotion, and say, 'A : Milton toiled for fame, ag Napole- on toiled for dominion, so I teil for Regina ! One day; when" wealth 'and fame and power and dominion such dominion as God gives geni- us--are mine, I may win her! Whe n T have power to place her in the highest rank of society, in the mast Civilized city in a yet uneivilized - Wwerld, then. I 'will ask her to: share her fate with mine--not till thea -0Y something like 4t. He did toil. S| pdeautiiul, how savage and sublime] the scenery becomes, as you ap- preach the Blue Ridge. We travel- led by, easy stages, and were- two days in reaching the grand pass of the Bear's Walk. Tt was the evening of the second day when we began slowly to as- cend the mountain. _ It was nearly pitch dark. Float- ing masses of black, heavy, and lowering clouds obseured every ray, even of starlight. It was ins tensely, biting eold. "Down from our right°opened, as it seemed, to the very center of the earth, a vast prefound abyss of blackness, cloud, ani shadow, from the depths of which gleamed. fitfully a lurid stream of red light, flitting hither and thither as we moved, like a jack-o'-lantern, amid the blackness of that ocean of shadows. "That is our destination, that is STOMACH MISERY . MR, ALCIDE HEBERT Stratford Centre; Wolfe Co., Que. "T have been completely cured of a frightful condition of my Stomach through the wonderful fruit medicine 'Fruit-a-tives'. I could not eat anything but what I suffered awful pain from Indigestion. My head ached incessantly. I was told to try 'Fruit-a-tives' and sent for six boxes. Now I am entirely well, can eat any ordinary food and néver have a Headache." ALCIDE HEBERT. asc. At all dealers or from Iruit-a- tives Limited, Ottawa. of Virginia. The dark and polished oal floor was uncarpeted, and the vast rocm was hghted up, as with a conflagration, by an immense fire of large and blazing hickory logs 50c. a box, 6 for $2.50, o< trial box, - She, 'like the old : gentleman, was fine black hair, glittering in a thousand jetty ripples, was turned in large Madonna loops down her ail and too dark for my ideal of feminine beauty, but then her form was so finely rounded, her face so graciously, Cleopatra she was, such as we pic- ture the Egyptian Queen for whom a world was lost! : : "My daughter, Miss Wallraven," said the old gentleman, as the lady came in; and then, "Constantia, whom Wolfgang, by his letters, has already made us so well acquainted. Welcome him to Hickory Hall." most beautiful dark hand I ever saw, and.looked at me with a pair of large, dark, humid eyes, 'yhose languid luster haunted me many a dav and night thereafter, and in a voice whose tones were at once very low, and very full, round, and me- lodious, cordially bade me welcome. In a few moments after this sup- per) was announced, and we went to the table. Such a supper! It was one, such as only Virginia housekeepers know how to set out. Yes, the supper was perfect--not so the company. Wolfgang was somber; the old gentleinan's man- ner grave and courteous; Miss Wallraven's dignified and gracious ; al! very admirable, but not at all 'dressed in deép mourning, and her, cheeks, carried back, and woven in a large knot behind. She was too richly beautiful -- a) my child, this is': Mr. Fairfield, with | Miss Wallraven offered me the: ment ary panic. 'mentary panic. But there was no turning back and one look robbed me of my desire to try it. "The Eskimo has no conception cf distance. He is endowed with certain artistic instincts which en- 'able him to draw a fairly good map .of a coast line with which he is thoroughly familiar, but he cannct teli you how far it is from one point to another. Oftén when they told me a place we were bound for was we were far from it. This they are never sure of and cannot indicate. "The Eskimos have a white man 'stung to death' from every point 'of view. They not only can go to sleep promptly, but sleep sourdly and well as they travel, when cir- cumstances permit. They get sas- terance, too, by eating hard frozen wairus and seal meat or blubber. This T conld never do, for it is so nauseated me, though I did suc- 'ceed very well with raw hare or deer's meat when I had it." - Up-ToO-aM, "See here,"' asked the cautious stranger, 'if I decide to stay here for a week how much is it going to cost me ?" "Vou can answer that best your- self'? replied the elerk of the Florida hotel. .<'How much have -- 7 Z a =e tes = Sere ,own progress, 'and when I paused But there was no very close at hand it developed that strong on flavor that it invariably ; Be When you see this 'Trade Mark on any Medicinal or Toilet Pre purchase, it is an assurance to you that every ingredient enterin preparation is of the highest quality that money-can procure, What is even more inyportant, it is an assurance that these ingredients have been compounded, according to the best formuke known, by expert chemists of long experisnce, i the employ of one of the largest wholesale drug firms in the world, the National Drug and Chemical Company of Canada, As you haye probably noticed, "* NA-DRU-CO 3s made up of the first. paris 0 J with the accent on the second syllable, What the Laws Say For the protection of the public the law of each Province in Canada states that only thoroughly qualified men are allowed to dispense prescriptions-- these men being physicians or graduates of recognized Colleges of Pharmacy. The Jogical conclusion is that as the ~ laws are made. by the representatives of the people, the people want protection, and should weleome the opportunity of being able to procure in any part of Canada the NA-DRU-CO line of me- | dicinal and toilet preparations, com-_ pounded by expert chemists from the purest and best ingredients, and guar- anteed by a firm of our Las . When you see the NA-DRU-CO Trade Mark you have this opportunity and the guarantee for which you are looking. Source of the NA-DRU-CO Formulae f the words "National Drug Company". It is pronounced '\VA-DROO-KO", 2 expenses oyer One Million Dollars an- nually, We carry a stock distributed among our Branches of about Two Million Dollars, and jp addition we own real estate and buildings which are to-day worth about Five Hundred Thousand Dollars, and other large assets. = The Second Guarantee = of NA-DRU-CO quality is the NA- . DRU-CO 'Trade Mark itself. We know that the quality, of the first NA-DRU-CO preparation you buy will _ practically decide whether you become a regular user of NA-DRU-CO articles or not--and for that trial you may se- lect any one of the 125 preparations, -- So we must make each NA-DRU-CO article of the very highest quality or -- _ risk the reputation and sales of the -- whole line, ' : nas i The Third Guarantee of NA-DRU-CO quality is the fact that NA-DRU-CO preparations are never, at any time or in any place, sold at cut rices. ie NA-DRU-CO preparations are so much better than the preparations whose prices are cut that discerning peo- ple prefer to pay full prices for the NA- DRU-CO_ goods, The Fourth Guarantee of NA-DRU-CO quality is short and very much to the point. If after try- ing any article bearing the NA-DRU- CO Trade Mark you are not entirely satisfied, return it to the druggist from whom you bought it and he will hand back your money, Consult Your Physician NA-DRU-CO medicinal preparations are not intended to take the place of yout eaten prescriptions--far frona it. When you are ill you need the physi- cian's skilful diagnosis*and treatment, and it would be folly to depend on yout own diagnosis and any household remedy, : But in emergencies when you cannot get the doctor quickly, and in many other cases, a reliable iiousehold remedy is a real blessing. To put the absolute reliability of NA- DRU-CO preparations beyond doubt or | question, we are prepared to furnish to your physician or your druggist, on request, a list of the ingredienis in any NA-DRU-CO preparation. Ask these men, who are men of standing in your community, and in whom you place implicit confidence, all about NA-DRU- CO remedies. If your druggist has not the parti- cular NA-DRU-CO preparation you ask for in stock, he can get it for you within two days from our nearest wholesale branch, = Write for the r9t0 NA-DRU-CO Almanac, giving a list of NA-DRU-CO articles and prices, with other useful information. Address "National Drug Co., Advertising Department, 34 St. Gabriel Street, Montreal." National Drug & Chemical Company 5 of Canada, Limited 3 Wholesale { Halifax---St. John--Montreal--Ottawa-- Kingston--Toronto---Hamilton Branches: | London------Winnipeg--Regina--Calgary --Neilson---Vancouver--Victoria that roared and crackled in the | g::livening. huge chimney. Grim portraits! 7 felt an enthusiasticadmiration frowned from the dark, oak-paneled | 4¢ Miss Wallraven; but it was pre- walls, and the battle of Yorktown raged furiously above the chimney- piece. Four or five richly carved high-back chairs drew themselves havghtily up, repelling all advane- Nothing looked hearty and | cheerful but the great and glowing | fire that warmed and lighted the reoni delightfully, and blazed and crackled so gayly, as to make | amends for all. my home--Hickory Hall--" said Wallraven, pointing to the elfish light. "That! How in the name of Pro- | vidence are we to get down there?" you got?' e Ee eh ee '125 Preparations Under QGne Trade Mark. cisely the sort of admiration one} 4 most striking exainple of the growth would feel at suddenly beholding of the Trade Mark idea in Canada is be- ; <3 ©\ing announced for the first time to-day some marvelous masterpiece of- na- 'in the newspapers throughout the Domin- ture or of art--some richly, gorge- ion. It is the "NADRU-OO. line of about Anelohessrites per teec Ay asa capes {one hundred id twenty-five toilet and ously beautiful creation, whose very |p edicinal ScoRAnbtodac compounded. oe existence seemed a wonder. "Queen the National Drug & Chemical Company eras 12 €6E% So dupes eos CN ace >> of Canada, Limited. of Egy Rt, = leopatra, Night, | All these preparations bear the NA. 'Starlight,' all things darkly ,DRU-CO "Trade Mark, the shield with the splendid, grandly beautiful, seem- {Ted cross, promineutly displayed, and to Sate a es se ;.. jmake the line stili more distinctive each ed parallels for her. Gazing on her, | article is attractively dressed in a pleas: soon Will , il caught myself repeating these) ing see See ti + whiel . "OW VOu go FO vyvour room now, !}1; <e Ni a 3: : as - * { n their fits advertisement, which ap- "i ne Fill Fries ree Patent 1? lines. of Byron, and thinking how \pears in this issue, The National Drug gan to descend into the vale; but ke WA ee BEBE Bae CORR OE strikingly they portrayed her. {Company feature this Trade Mark. They | bet re we had pro led many | Donn how soon will Supper be ¥ . point out some of the important advant- | DET a oceede nany | es e ~. the coachman drew up the | ready ? asked Wolfgang of ime, Cot é bh . | ages to every family in Canada-of a thor yards, 4 < "e oughly reliable, easily recognized line, horses, and turning round, said that} aud of the NEgro, im a breath. : the 'In half an hour, sir," replied covering practically every household need in the way of toilet and medicinal arti- - 14 ; . , cles, and guaranteed by a responsible | | . ; he oid man who bac ¢ Aucted us | worse; that the lights and shadows tine id man ree) onau u s , om in the downward and precipitous . { road were deceptive and dangerous; firm. The National Drug Company guarantee light, invited me to accompany "Tn half an hour; well, Fairfield, 'iwhat sa Will you go to your that every NA-DRU-CO preparation is compounded by qualified chemists only, t) his own home in Virg finally gave-it- as ion. | +5 erat tie tonawas ane aaah ss the ae cepted proffered kh itality sab we 3 John! Ysiciaus would use, they make a unique with much plea ure, and wy ng tk Bio awe "si t Se gee "Ae Ce Sages € di arp een Regina not to expect me there ¢ "What chamber have pee eS rekard ip SRieGAD peenacatieaes ais "ing the holidays, I prepared to ax company Wolfgang to Hickory Hal I cannot tell you with what inter @3¢, with what highly excitod curio = He gained the highest approbation, _the honor of the professors. The most brilliant auguries were drawn for his future. I shared them. I felt his power. I felt that if he|\ could once conquer a peace in his | iauired I, in real anxiety. _¢wn bosom, he night become jast'| 'The road is certainly yery dan- what he pleased, f gcerous on such a night as this, and As for Regina, she never J am about to order the jamps tioned him in any of her letters to! Ughted." This command he ac- mc; but I knew too well that he|¢o!dingly gave, and the carriage SAS not forgotten, by the tone oft aS Stopped, and the Jaups sadness that pervaded all her ex-|tishted. pressed thoughts and feelines We again. and, i turning sharply to the right, be The National Drrg and Chemical Company -of Canada, Limited, ac- quired the businesses and maintains the honorable traditions of 21 of the principal wholesale Drug Houses in Canada, from Halifax to Vancouver, All of these firms had long and sue- cessful careers, some of them fifty to one hundred years, and during their "existence they had accumulated a splendid lot of forniulae which all be- came the property of the ' National.'"' After giving these formule careful stu- dy and practical tests-for several years we have now brought out, based on them, 'the NA-DRU-CO line of about 25 medicinal and toilet preparations. All the ingredients in these preparations are the best and purest that money can buy, and they are compounded by a staff of expert chemists, each of whom ranks high in his profession. We have such implicit confidence in NA-DRU-CO_ Preparations that we offer them with A Four-Fold Guarantee The First Guarantee is the firm behind the NA-DRU-CO 'Trade Mark. The National Drug and Chemical Company of Canada, Limited, is one of the largest wholesale drug firms in the world, having a Paid-up Capital of over Five Million Dollars. We have wholesale branches in the principal distributing centres in Canada so that you can at all times satisfy yourself es. men- so were started OHAPTER V. The winter. vacation approached, and I once more pressed Wallraven to return home with me and spend Christmas. He declined the invi- tation, and, to my surprise and de walks like -the night, Of cloudless skies, And all that's bright Meet in her aspect and her eyes." (To be continued.) "She in beauty, lamps only made the matter climes and starry / on best of dark and you? own reom? ' hyre is pets 1 ' i$ had better alight and walk accordingly did rather, we elimbed down- you got still NA- com- list : coachman led his horses arefully toil mountain, Ww ae "fe An acur s sot of | umed behind us. brought us to the fi ss 'is hard the here wer New Accidental Discovery Gives Startling Resulfs--Puts Fiesh on} Thin People and Rounds Qut bn-! perfect Figures. and were inia. rid light wee Camphor ice one doesn't a mystic charm for the old took of the pillars of | thinness a ' a will you nhana- * with the with and saluting HERO, ; q ws ot iets! 2 dre here ute} NOLt- | Bet OL 17 } uUnLEea and yay ) Woligang, | Fast friends are sometimes Joose Misery Joves company, and usual: "companions. ly finds it. STH ANNUAL STATEMENT OF THE eotia Steel and Coal Company, Limited HEAD OFFICE 4 'i NEW GLASGOW, NOVA SCOTIA GENERAL STATEMENT. GENERAL STATEMENT, DECE MBER BIST, 1909. ASSETS, 1} LLVaVenN farly upon the morning 2coed-| showed @ Our arrival at Washington ¢ One of ve set out for the Valley of Vir-|common iia. You row hoy id -and| thi sc halls so : ' room on spouses »} ++ 4 } art y suUgsHoUe 4 rndpCTrhooags | |} "Some | elements LIABILITIE "5 $1,030,000 00 6,000,000 00 easy Property and Mines Cost of Properties owned and operated by the Comy y Current As a Inventories (raw and manufac- tured materials and stores)..$1,184,258 84 ger Accounts and Bills Re- eceivable _.. : ota ro Debenture Cash in Bank , . 207,029 15 Capital Stock--- Preferred Common Bonds Total Issues Less in Treasury ' $7,030,000 00 Soph thls wh cSi gure 'Where is my father?" 'Dy his. library, sir." 'Let him know that we have ar- He expected us to-night." Vee SIT 'Go, then."' The servant after the $6,000,000 00 not issued 2,500,000 00 3,500,000 00 1,000,000 00 Le 2,008,568 14 not 198,550 86 87,500 00 30,000 00 f 14,000 miles of Page es and 73,000 Page Gates now in use in Canada. Our 1910 Fences are better thau ever, Page $ for 1910 have Galvanized Frames, Get our latest prices and booklet, , THE PAGE WiRE FENCE CO., LIMITED cs Largest fence and gate manufacturers in Canada WALKERVILLE TORONTO MONTREAL _ ST. JO1i° amved, on £08 payable WINNIPEG VICTORIA _ left. the Jan. door opened, | ole room, 20,600 00 soon 5 ¢ a Fy a ee ate men wet aon rs -- ss be ' it} itish Ainerita Assuranee Gomuaiy A tall and venerable old gentle- _ man. clothed in deep mourning, and oe INE OREPRATED A-Py Its lwith a head of hair as white as the AD OFFICE, nd - TORONTOG drivcn snow, appeared. Wolt- es leang sprang, bounded to meet hin. s 4 The old man opened his arms, and jae =a oA omgenmmetgenna te cetera anit | siteatly and sadly folded his son to i .. $2,022,170 18 | hic bosom. Then he came to me, ; 1,106,306 63) 0.4 with a singular blending of ~ fsweetness, sadness, and = dignity, lweleomod me to his house. He had | sien reely done so, when the door onée more opened, and-- [ raised my eyes to see one of the most majestic and beautiful women 1 ever beheld advancing within it. FOR THE PUBLIC Now Formula Cures Coughs, Colds, Bronchitis and Hoarseness in Five Hours, é 60,000 00 GOT.458 7h $750,000 00 999,109 61 General Reserve: Special Reserve Accounts-- Reserve for General Deprecia- tion and for unusual Bx- penses and Renewals Fire Insurance Pund..... 1,719,842 37 Surplus Profht and Loss....es.e. $36,807 38 a. $14,585,769 26 88 ACCOUNT myrrh Mer Ts kg era tae ew AFR Bet <i eA on Bo 1908, Dee, 31, By balance 1909, Dee: 21. By profits 1, 1809 ey ee teeny $1,658, 239 65 . $839,004 26 660,847 04 B 89 00 00 00 00 00 00 60,000 1,000,000 12,500 158,388 35 545723 15 213,111 50 H. SIMS, Secretary. to be ad- 00 58 B. MELKLE, General Manager. P, b4 68 38 \ to fire insurance Applications for Agencies s. at unrepresented points drassed to the Secretary. 7,629 336,807 nang ee 1909, Dee. $1, By Yalance ¢....4. Citar s Much is being done in these days Gee eer ae cn eae to stop the ravages of consumption, but probably nothing has been so effective as teaching the public how ito break up a cold and cure coughs, bronchitis, tonsilitis, ete., with simple home-mixed medicine. A laxative cough syrup, free from whiskey is the prime need. A cough indicates inflammation and conges- tion and these in turn are due to an excess of waste and poisons in the system. A tonic laxative cough syrup rids the system of conges- tion, while relieving the painful coughing. "Get the following and mix at home: One-half ounce fluid wild cherry bark, one ounce com- pound essence cardiol-and three ounces syrup white pine compound. Shake the bottle and take twenty ldrops every half "hour 'for four heurs. Then one-half to one _ tea- poonful three oF four times daily. | In view af the depressed con 1 ion by the shareholders, 1 y the stock divis. The amount at the eredit of profit and loss account on J¢ of $1,000,000.00, declared in December, 1909, was charged. - : The various amounts transferred to the Reserve Fund and Fire Tnsurance Fund, anuary tL, dend : and written off for improvements and aes simple that anayerage farm hand can operate them. They were es- e vf io meet the needa of the farmer, and will Gnable you to reduce labor costs, "6 woney out of your farm than ever before. Get ready now to run your ay by vubling owt this complete advertisement and sending for ready for Mr. Fairfield !"' [HOW THIN FOLKS eit "Money Back" offer helps "Mrs. Wallraven's room, sir.' | = s |more to inspire confidence in the cop | 1? : | i line, whose variety and The deuce! | s'is shown by . the partial "Yes, sir. You wrote us that the in their advertisement. * 3 Seta: Asien ek CENT OR Eps od sity, I set ont upon this journey to Rates had acts young gentleman ae delica é, ang, the interior of Vir driven swiftly towanri ee hi a oe are i ee : pS : 2 a that there is such a firm, We are the know what I expected to find; that marked -- the New, sir, Mrs. WaHraven's peer! largest buyers of drugs and do_ the only know that an old, ve | Hall. The catriace pa iis the only as leak } greater part of the wholesale drug EN eres nat ie tronad ae ae 4 pe eee -|when it rains, and it is coming on} x : si da! 3 business in Canada. We employ a staff fe ee ee he gee UE Be CL Das ECON ; ee ees | Simple Preserjption Given. ; : of about nine hundred people and distri- mabe ee light fitfully falling upon Ja ee a ge kine == : Be a BSR bute in salaries, dividends. and other Ehere was one that, with its rents of et et ee eee, : if pee ae a ar oon a es a ee ¥ A : 5 iar mystery red sandstone tha ee 'that matter---who can never appear | is : pod. 3 i Ss - Ves sir.'? ié atte! n L appeé ive u boon and imagina ' a 2 Mf Fatty tete »»_} stylish with aa they wear, be- SKIN AND LIPS, ' i SRR gs PRR NS Vs > Are Mr. Fairficl 3 Car | 14 . : = < ea : Eve apts by stage ! in:mediately rien? jcause of abnorms 1d an- GELB SORES, WINDBERE, ched Washington citi lfashioned ha ' Bat? Sapeadiaed ete loulari this remarkable preserip- watts * Pte, ob ihe Tudiar Oue Shoe PB otis np gee Yes, sir.' pe raiuys ays te ee os Be 12 Vaseline Remedies in Tubes 4 aes as ge Pay eras 4 : ease a ane ag Coseeny : "Very well Fairfield, - to solve the RIO Capsicum, Rorated, Mentholated, Carbo- we met Mr. Wallraven | : sa : t hanes oul beauty maker for the ated, Camph ed, White Oxide of Zine, . | oe 4 vy roo o change your : gs " ESSE te ch fi sci sUrposes. 'rite for ome travelling carriage Boge iL oa = i oe is simply wonderful while Free Vv Stag ag Pe ge eo r i 3, or will-you ain ; I seline Book. plendid black il ae Se ae lit adds brightness to the eyes, and; CHESEBROUCH MFC. CO. 'Cons'a) §\= ed coachman, uy sy Ppa aves Weillenet n:| color to tlie cheeks and lips. It 379 Craig St. W., Montreal will remain here, allrayen ; : ; eat rie REM - dear fel. | Teauires no partis ular dieting, but} i but I am sadly afraid, my dear fel- i : : eS as , }acts as an aid to nature by its pe-| that J have turned some one, : ; } : ¢ : ey 'euliar aetion on the nerves and| LE dy, out of her that iy 1 : & The bl ea ta hn dreadthl {blood supply. he blood and}. Bee ye Hino | pomanc-pocr ye distribute over the body, all} : Se "Wh ot ne . eS ee BOO ithe nourishment or flesh building OVa jing again. ang Se eS eae obtai 'O1 » food. } f bea ned bared eat et het won to obtaine d from Se food. } chee Mallraven: The trouble with thin people has 'A nM : Wallrave Rea aetntnte lalways been that they do not ab- \h, Mrs. allraven, certainly. } Benes ; C i aot M # Wallraven's chambe y: | 80rb or retain enough of the fleshy fas -Mrs. allraven's chamber ; yee ean ' - : t} lak Soa Ak anid lmatter to make them gain in weight she was the last occupant an oa < ay me ee spas bine h even to a normal extent; but this; AS 1¢ used F; Of t 3 L , « 2 . - | ates tations the eeoincenes discovery of blending certain | - vy dear PLIOW, 1e Yd | ~ ; oe ! ant . \ : Me cent Te for' t | harmless drugs is a revelation to ravi L hope 1t real aon Cj rf ' | etn et i iscience, and hundreds have gained from ten to forty pounds in a few} jweeks. There is no dangey of' be-| coming too fat. When you get the | right weight then stop using. "Stock The general health and strength | ape Seige ee wiper BIA eS is greatly improved in anyone from yet due the age of sixteen to sixty. Women Bond Coupon ails sin. Aa, 18 'soon get plump, with well rounded able Jan, Ist, arms and full bust, and men_be- ecar rent fa "penne come straight, strong-looking and Lbth, 1910 co alsin, 5 Quarterly Dividend on Ordinary healthy. ; | Shares, payable Jan, 15th, In a half pint bottte get three 1910 7 7 4 Bills pay ounces of essence of pepsin and three ounces syrup of rhubarb. Then add one ounce compound es- sence cardiol, shake and let stand two hours. Then add one ounce tincture cadomene compound (not cardamom). Take a teaspoonful before and after meals, and weigh before beginning. a . sat spes eno npn 5 & < ARSTRACT OF PROFIT AND LO > aaa ath KeRT DR, THE AGILE ESKIMO. 1909. Dee. 31. Interest paid on bonds and to bank, ee yy: $ 2 : 7. Interest paid on debenture stock Habit Enables Him to Seale Paid on sinking fund : on + Ar oe Dividend on preferred shares... Heights With Surprising Kase Dividend on Ordinary shares... : Bonus Stock Dividend on ordin- "In all my experience I had Dioner Hise : = Directors' remuneration te nes er encountered a rougher, more Transferred to reserve funds for difficult country in which to hunt rm cpreciation, renewals, etc... 77,660 : . a s St yor mprovements and betterments than in Ellesmere Land, phd to plant written off 52,178 Harry Whitney, of Cook-Peary began thst, and Premiums on mer .* "e : = converting Bond Issues writ- - fame, in Outing. Ordinarily I ten off .. 184,453 should have believed these moun- Transferred S 4 ' : Z un wot ' tain sides, with | walls of smooth - Balance carried forward F217 ATO 07 rock sheathed with a crust of hard $2,127,170 07 $336,807 88 ice and snow, quite unscalable. 4 aia ht ete ase dear ta P Se Rear ee RT ene AS § they * f 2 ave e e Vouchers 5 ' » Nova Scotia Steel and Cor apany, Limited, for the s they were almost per We have examined the Vouchers and audited the Books of the Nova Sc } i fa pees eat did they Laem year ended December 31, 1909, and certify that the annexed balance sheet iy d Seok Pe of their pendicular, ie ee Sea affairs at that date. : ¢: 4 pes aur SGC }. eerie a crevice to serve as foot or han FO OXLEY, PCA, held, and jutting Sais ard Lei DIRECTORS' REPORT. z vin "a 7.) 7 ly seat- - a5 : : ae : : set boulders wére too widely § Your Directors herewith submit their Ninth Annwal Report) with statement of hagets and Uabilithes; end sbstract of tered to be of much help. profit and loss account, for the year ended Decertber 8st, 1909. degctay beng) ii 2 : Gs +6 jx notive ls 7 Ng The profits for the year amounted to $907,949.00, as compared with $724.7 BS. Lars In this his native land the Es dition' of business during the greater part of the year, this result should be regarde kimo has a decided advantage over 1)09 Was St the white hunter. His lifetime . ience has taught him to scale] petterments, are shown by the accounts. hu J bean = oie ith im- A sum of $184,453.54 for Premium and Commission on redemption of old and {issue of new bonds has been paid out of thesé ice-clad heights with a nim-| 4. \ohts of the year. ao; eh ae bleness and ease that are astound- The balance carried forward to the credit of profit and loss account is $836,807.38, ' : . E : fearl l even The sum of $362,653.17 has been expended during the year on capital account, in the development of tho submarine ing He is quite feariess, anc ey iron ores at Wabana, and for improvements, plant, ete, elsewhere. ; : : : the mountain sheep is not his su- The volume of Dustesee Apepese tee by the od sags Sige Eee pba ee By og ne increase, and ts In excess of : ' : any previous year, and it is expected that there w eas urther increase : : ges 3 perior as a climber. g ; ee development of our Eaofaritie trou ore ateas.at Wabana was continued, the main slope being extended through "Ags if by magic, and with little! these areas a further distance of 1,470 feet, The slope is now about 1,660 feet Into our own areas from the southern bounds . "3 aah elle Kskki .| ary. The development work carried on has fully confirmed the estimates previously made as to the vast quantity of ore. apparent effort, the a feat contained in, and the great value of these areas. The plant for the operation of these submarine mines is now being Ww sli ry walls, far out-) installed. Bs ee ay : Ray ue pe peErery hey : lid it I Conelsarabis extensions and improyements have been made to the milis at New Glasgow, and further extensio stripping me. How they did 16 1! improvements will be made in 1910, with a view to increasing the output of finished steel. Oe a : shall never know. Now and again "The reorganization of the finances of the Company, authorized by the shareholders, has been Societe I was forced to cut steps in the ice- x or [E should inevitably have lost my i been h of $6,000,000 5 per cent. First Mortgage Bonds, and an issue of $1,000,000 6 per ¢ 800 of th btine and $1,000,000 6 per cent. 'Debent re Stock were sold in Canada, Bonds w paid off and cancelled. The balance of $2,500,000 of the Bonds remain premium on the retirement of the old bonds nor the ¢ he ~ .'The-réegular dividend of 2 per cen' rly has nh 0. DIAN FAIRBANKS COMPANY, Limited, $T. JONN, N. B TORONTO, WINNIPEG | a NCOUVER - Seeee t. quart ti ordinary sh: