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PRESENT POLIGY OF DOMt VERY CAPABLY DEFENDED Statement by Directors Makes Comâ€" prehensive Reply to Criticism of Committee. ) Reference was made last week to a eivreular letter sent out to shareholdâ€" ers of Dome iMinses, lLimited, by a Canadian Committee. A Committee of United States shareholders sent out a similar type of letter. To these letters very complete reply has been made in a statement issued by the Board of Directors. The Directors assert that the offices of President and Treasurer have been held by one perâ€" son since 1915, that this practice has been found to work satisfactorily and economically, and that the shareholdâ€" ers by their alant unanimous action at the last annual meeting approved of a continuanee of it, The investâ€" ment of the company‘s funds, except ©all loans, is done hy a special comâ€" mittee of the Board of Directors, and all actions of that committee are suhâ€" mitted at each monthly meeting of the Board and fully discussed. All call loans, ceontinues the statement, are made by the. Empire Trust Comâ€" pany against ample collaterai seecurâ€" ity and without the interference of | any ofticer of Dome \'Tme~ Ltd. . No Yoans of the company‘s funds are made to any officer or director of the company or to any partnership, firm. or corporation in which any officer or director might be interested either directly or indirectly. Referring to the location of the Frompany‘s head office; it is said that it makes for the convenience of the directors, and, above all, for economy of operation. No rental is charged ‘for the company‘s use of the offfice, and the Board of Directors deems it more fitting that such office shall hbe in charge of the President of the company rather than of subordinates. The company‘s securities are kept in the conipany‘« own vault in the Fountain Pen Free Saturday in Charge of â€" _UHGC ULL company rather than of sutbordinates. The company‘s securities are kept in the conipany‘y own vault in the safetv deposit vautts of the Mechaniecs Metals Nationil Bank in New York. This vault can be entered only by two officers, acting jointly, and these officers have been designated by the Board of Directors. In regard to the character of the investments, it is stated that these are all prime investment bonds selected by the special committee of the hoard, and they have resulted in a profit up to date of more than $0,000.â€" In adâ€" dition to that profit, an average of over $2,000,000 has been kept invested at a return of about 6.25 per cent. to the company. f Reference is made to the fact that only four of these signing the Canaâ€" dian Committee‘s eireular letter in criticism of the present Board are registered shareholders of the Comâ€" pany. f The Board of a brief account as follows: ‘‘The present management was enâ€" tru~ted by the stockholders on Dee. 191b with the control of the comâ€" pa.ny ‘s affairs. In that year, as the official statement of the company shows, it had only $283,237.76 in eash assets; the mine was not producing; dividends had been suspended and there was but a negligible amount of actuah profitable tonnage of ore in ‘""During the period of five years and four months of its incumbeney, active operation has been resumed ; a practical and efisieat mimning organâ€" ization has been developed, admittedâ€" ly second to none; costs of operation challenges comparison; an esprit, de corps among its employees has been developed, which is favorably comâ€" mented upon by everyâ€" expert who has visited the property. Inâ€" practical financial results, the management points to the fact that in the period mentioned it has declared and paid in dividends, including a retuirn of eapital, the sum of $3,401,669.50. It has invested and placed in the treasâ€" ury,0f the company néarly $4,000,000, T. .. on which is the undisputed property of| The Dentistâ€"I‘ll have to charge the present holders of its shares; it \)ou two dollars and a half for pullâ€" is regularly earning and paying dx\x- \ing that tooth. f dends that would have been deemed | Theâ€" Patientâ€"Oiâ€" thought . you mumsqble at the time at which the | charged fifty cents? 5 present management was voted into| The Dent1~tâ€"â€"§e~ but you yelled is regularly earning and dends that would have impossible at the time present management w control of the property. . # . * C /14 4 * ‘‘In spite of the large sums paid out as dividends, and the sum of nearâ€" ly $4,000,000 in the treasury, it has developed potential possitbilitiese for future operations, which have given Directors also gives of the management its shares an imvestment sianuins in the money markets of the world. ‘"*©Out of the eash surplus in the treasury the sum of $2,000,000 has been earmarked as an assurance of dividends to be paid out during such periods, if any, when ordinary qperâ€" ations might be interrupted owing to cireumstances over which the manâ€" agement may have no control.‘"‘ [ do, the necessity of the fullest coâ€" operation and understanding between the Board of Directors and anyone my position, I view with the Heard at a dance in the Town Hall. She: ‘‘"Would you wear a rented suit?‘‘ He: ‘"‘It would depent largeâ€" ly on where the rent was. The Dentistâ€"Yes; but you yelled so loud you sceared four other vaâ€" tients out of the place.â€"Judge. T. A. says: ‘‘All men have their peculiarities, but the single ones are allowed to forget them now and then."‘‘ hares an investment standing in We will give away 200 Selfâ€"fhlling Fountain Pens, commencing at 8 a.m. to the first 100 customers buying one dollar‘s worth at our store and paying 25e for a clip. uxt ' THE PORCUPINE ADVANCE feeâ€"at 7:30 p.m. at night the same thing GOT HIS PILLS MIXED, THEN BECAME EXCITED Some little excitement was created on Saturday afternoon about three o‘clock, when a young Russian was the cause of quite a bit of disturâ€" bance. In rushing in and out of the offices‘*‘of a couple of doctorg and making sundry yells and screams, he attracted the attention of a group of boys who followed him around and added to the noise. The police were eventually sent for took the young man to the hospital. It deâ€" veloped that the young fellow was not â€" particularly ;. blameworthy â€" nor was he mentally unbalanceed. It apâ€" pears that been ill and was given two kinds of pills, one of the kinds, he understood, containing morâ€" phine. He was given clear enough directions as to how he was to take the pills, but apparently he became confused. Either he took too many of the one kind or took them too often, and suddenly awoke to a realâ€" ization. that he had made a bad misâ€" take. His muscles were affected and he became exceedingly nenvous and unstrung. He rushed to one doctor after another to see what could be done for him, but he was unfortunaie in not finding a doctor in his office. He imagined the drugs he had taken were having increased effect upon im and he accordingly became inâ€" creasingly overwrought. He seemed to lose;control of his nerves but us mind ~was unaffected and â€" clear enough.. At the hospital there was at first some difficulty in controlling him, but later he quieted down and is now â€" well on the way to recovery. One of the newest doctors in town, Dr. W. Parcher, is credited with showâ€" in# exceptional skill in treating the patient. y The annual tobacco yield in the United States has a value of over $250,000,000. . A air service between Sweden and England has been deâ€" cided upon and will be establisned shortly. _ The terminals will be Malino and London with intermediâ€" ate landings in Hamburg. Only six hours will be required for the flight. The Minister of Lands has anâ€" nounced that a Dutch organization has offered to purchase 200,000 acres of land in the Stuart Lake district, British Columbia, for the purpose of colonization . by Dutch agriculturists. The Canadian Pacific is now petâ€" fecting plans to aid in the developâ€" ment of the mining industry of Onâ€" tario, by placing car ferries on Lake Temiskaming. These ferries will ply between South Lorrain and Ville Marie, and between New Liskeard, Haileybury and other Ontario points, and the Quebec port. Majorâ€"General MacBrien, chief of staff of the Department of National Defence, Ottawa, addressing the merubers of the Canadian Club at London recently, announced that it is probable that the Canadian Perâ€" manent Force of Militia will be established by Orderâ€"inâ€"Council on Fortyâ€"nine automobile cars _ of Ford machines reécently left Windâ€" sor,*Ont., for Vancouver, B.C., via Canadian Pacific. This was an unâ€" usually heavy movement of cars to one and another remarkable feature was that all of the automoâ€" biles, some three hundred, were for local consumption. The, Canadian Pacific Railway, which in 1899 brought down to the head of lakes onliy 26,000,000 bushels of grain, actually brought down 188,000,000 bushels last seaâ€" son. [This is equal to the total volâ€" ume of grain moved by all the railâ€" ways of the United States combined during the same time to_ the terâ€" minals at Minneapolis, Chicago and Duluth. ; ... y deas» Honesty in politics, tolerance in reâ€" hg'xon, patience and fidelity in indusâ€" try, fall measure in business, would prove as sueccessful as they ever did if given half a chanee.â€"Houston Post. The> Canadian Pacific Railway within the next few weeks will have sent out to its station agents 11,000 packets of seed and from thirty to forty thousand flower bulbs, and later on to its Western station agents 100,000 trees and shrubs. It requires 200,000 bedding plants to fill the beds of the permanent garâ€" dens and parks of the company every The crack train of the Canadian Pacific Railway, the Transâ€"Canada, ran every summer, will make the trip from Montreal to Vancouver in 90 hours, instead of 92 hours, the schedule run for yast year. Preâ€" viously the 92â€"hour run was the fastest continental run in North America, and the two hours cut off this time adds to its superiority for travel between the Atlantic and the Pacific. CYrG@ and T}le;e 9n t #°% Opposite New Empire Theatre Mr. W. H. ‘(Alderson, formerly President of ithe ‘Taronto Board of Trade, and now a member of the specâ€" ial Northern Ontario Committee of that body, as well as a member of the Northern Ontario Relief Commiission, was a visitor to Timmins this week. WEDNES D A Y Bulletin One of the latest enrollments in The Timmins Business College in the past week is (Mr. Wm. Pyper, Stenogâ€" raphic Dept., Night Classes. Miss Marjorie Craig was sueccessful in passing the Test admitting her to the Senior Stenographic Dept. of the Timmins Business College. Mijss Laina Hugihtala and Mr. Miss Laina Hugitala, and Wir. Rhodericâ€" Geguerecame first ard second respectively in the â€" March Typewriting Test preseribed by the Underwood I‘\pm\nter Co.. Toronto, and held at the Timmins Business College, Timmins, Ount. Enrollments for Easter Term are being made daily. We might azain state that there are NO SUMMER V AQCATIONS, students enpolling now may complete courses without interâ€" ruption. ' For particulars and information reâ€" garding courses and tuition apply Timmins Business College Ansara Building, Timmins, Ont Phone 414 â€" Write Box 223 E. M. TERRY, Supervising Principal. The secrét of Making ends meet, is, not infrequently, the difference not infrequently, the difference between Success and Failure. Adaptâ€" ability to hard Circumstances in order to study them with a view to overcoming them, is a mere steppingâ€" stone to the foot of the born Inventor. And, however we look at them, Inventors are "born‘‘ as well as "made". L. act c t cctrect An Inventor has the ability to step off, into Space as it were, to "take the plunge‘‘ to quote the man in the street, which more timid, or more sophisticated folk, lack. NP Ne NE O CC mE C Most Inventions come out of two desires. A desire to save labor, and a desire for better service. But an even more fundamental stage lies back of these. The period in some man‘s life, of Rockâ€"bottom Necessity. And so there has come down to us {from the Ancients, who were fond of putting Truths into adages the pithy statement that "Necessity is the Mother of Invention." "The Age of Necessity, is therefore the Age richest in Inventions. The Inventions of a fundamental order, those that saved mankind from exâ€" tinction, rather than those that spared his strength. 2 2000 t We y P e V o PM PCE CC sn# colitine atol â€" Regarded from this viewpoint what people more rich in Invention than the Indian? What people more capable of "making ends meet"? What people closer in spirit to the Secrets of Nature? What people so able to see possibilities, ‘"a way out‘"‘ where no way apparently exists, as these simple people of the woods, lakes, rivers, plains and mog‘ntains? AG IKk CKyp KA k C y â€" JA AAKL AALS .. SAGOK .. MA M Nh\ Wb OE From these Fundamentalists, the Pioneer had at once most to fear and most. to learn. It was this antithesis which sharpened desire to takeâ€"up the land and hold it against the veritâ€" ably embodied Spirit of Circumvenâ€" tion. And it was when the early pioneers began to appreciate the cleverness of the Indian and the Indian began to appreciate the qualiâ€" ties of life as introduced by the new people, that one began to learn of the other and to prosper by exchange of experiences and by exchange of the inventions for which each stood. The Indian and the pioneer have this in common. Both were always face to face with Necessity.* Danger was clearâ€"cut... everywhere. No getting away from it. And to some extent it is interesting to be able to decipher in most of the primitive inventions of the Indians, whether their habitat was the shores about the Great Lakes, the Prairies from the Lakes of the Woods to the foothills of the Rockies, or the Rockies themâ€" selves or the littoral of the Pacific, a certain Something, like an Atmosâ€" phere, a curious Fragrance, suggesâ€" tive of Danger... a bizarre note... Necessity the Mother of Invention Hugitala. and Qr. re â€" cameâ€" first ard ely in the . Maren t preseribed by the MANY OLOâ€"TIMERS ATTEND PROSPECTORS‘ SLASSEE Twentyâ€"five Experienced Pmspectorg‘i Make Record for Regularâ€" ; and Steady Attendance. ¢( ‘The ‘Prospectors‘ Classes, held here» under the direction of Dr, NN. L, Good? win., eclosed last week after a very sucessful series of session. â€" The averâ€" age attendance at the Classes run about fifty, and all geemed to be pleased at the benefit Th« attendance may Ibeâ€" considered ass specially large, but what particularly impressed Dr. Goodwin was the fact that about twentyâ€"five exporiencen prospectors showed up the first day and never missed a minute of the time in classes from ‘the beginning to the very end. Some of these prosâ€" pectors had attended classes in prevâ€" ious years, but all seemed to agree \ that the Prospectors‘ Classes were excellent for brusuing up on techâ€" ‘mical knowledge and gaining new pointers in the practical work of | prospecting. \From the expresstons \made by attendants at the Olasses ‘and also by Dr. Goodwin, the €lasses ‘here proved of â€"ntutual interest and helpfulness to ‘the instructor and the \students, both parties holding prosâ€" pectiny and mining as the most inâ€" teresting matters in the daily round. I well recall the impressions experi+â€"â€" enced the first time I saw our Indian» uide of the French River, drink froms is paddle. We had gone up the Murdoch and portaged to Crooke@® Lake. (A lake that only last year was opened up by the Canadian Pacific Bungalow Campâ€"above). Nosoonet: had we got into the canoe and gone few lengths than the guide ceased| stroking and careened the paddit blade so that the clean, cool water dripped as from a clear fountain intsa his thirsty mouth and throat. Né« weight had changed, the canossstill | ranged ahead from the last, stroke, the guide did not change hissposture; there was no sound, his eyestrli}comâ€" manded the scene. Theâ€"action #as so swift and silent. that) withomnr bidding my own eye ranged:â€"of} to the wooded bank, searching for., the imaginary foe whose mocassined feet and wary intuition may have traced the invasion by theâ€"summer campeI of this hitherto undeveloped ; of trout.. @0 ... "**~ l â€" Thus swiftly did. this sfimple act recall the time whenm it was first practiced. That time im the hxstory of Canada when the Red man‘s foe x were so numerous, when the urge of hunting so keen that even when he took a drink of water he must never lose that vigilance which kept hlm always on guard. â€"â€" ts es In itself a mere straw, it Ruoddsâ€"a psychological subtlety that fn~detail shows us to what necessity »andutao . what finesse or inventiveness who live right down to the elemenkia.‘ were driven by the combative eksâ€" mental forces with which they warred for existence. "oat Adaptation or resourcefulness in so simple acts are among these primi~ tives, progressive after a fashion. The next time our guide took a drink of the cool lake water, he broke the deep flower of a pitcher plant from a clump that grew by the bank and made drinkingâ€"cup of it. Not limited to one cup you see. And in the transi~ tion from the oar we can feel there was a transition in poetic fancy. It was a drink of ... a sip of nectar from the flower‘s heart. And had he been of the Far East we should have said ‘"See the artistic development of this Ja%’; but being of the West and of the Wilds, it was wholly unlooked for and evoked more of surprise than anything else. It called out on elemental feelings of lurking danger or watchful foes, but the pleasing cognizance that Art is Univers and that some of the primitive inventions follow the sweeter paths of fancy, rather than the everâ€"present Danger spelled of the "oarâ€"blade" cup.â€"By Victoria Hayward. k. m w / < w m mm We admire these things in ancient and distant peoples, but we are givem to overlook them and set little value by them when they occuz at our very doorsâ€"as it were. Canada is partieularly richk; ity "inventions‘‘ of thisnature.. They are not here things of the Past but af the living Present. I saw the India» drink from the paddle only last sumâ€" mer. You may see him this. 4 _