Timmins Newspaper Index

Porcupine Advance, 18 Feb 1926, 1, p. 5

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SINCLAIR=VALET 21 Fourth Ave. Phone 625 mark This POw», William 0. Langdon Mark this on the calendar, friend Hubby see # FARI «n says Taxi Tad. Take your wife for a ride through the suburbs and parks to celeâ€" brate the wedding anniversary. There‘s a joy in it that will please her and fnake life worth while â€"just call No. 11. REASONABLE RATES New and Secondâ€" Hand Store All Kinds of Furniture, Bought, Sold or Exchanged. Best Prices on all Goods Purchased. Lowest Prices on all Goods Sold. Don‘t Buy or Sell Before You Satisfaction assured you here whether you Buy or Sell. Give us a Trial. Goods Delivered Free. 36 Wilson Ave.., cor,. Preston St Phone 610â€"J. Barrister, Solicitor, etc. and GREAT REGORD MADE IN 1975 BY TRHE SUN Lff Fi‘tyâ€"fifth Annual Statement Shows That Noteworthy New Levels of Business Have Been Reached. New records have been made so conâ€" sistently of late years by the Sun Life Assurance Company of Canada, that {resh ones almost cease to create surâ€" priseé. ~ But the fiftyâ€"fith annual stateâ€" ment. submitted at the meeting of the shareholders on the 9th instant, is especially noteworthy because it shows that new levels of business have been reéached which are epochal in their nature. Never before has a Canadian company attained the billion dollar mark of assurances in forcee. The only cccasion when it has been approached was last year when the success of the Sun Life Company itself forecasted its possibility. The report. now released, indicates The report, now released, indicates that the year‘s business has considerâ€" ably exceeded that amount. The acâ€" tual busines reported President 7 B. Macaulay is $1,021,097,101â€"a truly colossal amount. Increase over last year‘s high figures is almost $150,000,000. _ Nearly 60,000 new poliâ€" cies were paid for, after deducting amounts reâ€"assured the amount of new policies paid for was $193,477,007. The new business for the year was in excess of the total amount carried by the Company thirteen years ago. For fifty years the Company has actually doubled its business every five years. This thrifty practice was no mean achievement when the totals ran into very much smaller figures. That the doubling process has been continued quinquennially when totals have climbed to such large amounts indicates the vigour and enterprise with which the business of the Comâ€" pany is being carried on. The increase in net income over last year was nearly $7,000,00, the total being $69,147,413. Payments to policyholders and beneficiaries in respect of deatli claims, matured endowments, profits, ete., amount to $35,441,582. There has been paid out under this head since the iCompany was organized $219,239,710. There has been corresponding growth in assets, the increase for the year beâ€" ing $28,025,73%, bringing the total value of Company assets to $303,056,â€" 145. In a recent speech at the Babson business conference, A. Vere Shaw, investment counsel, New York, spoke of the Sun Life as being probâ€" ably the best investor among life asâ€" surance companies on the American continent. That estimate seems to be justified by the excellent returns shown in the report from the Sun Life Company‘s Investment Departâ€" ment. At a time when interest rates show a tendency to decline, the Comâ€" pany has been able not merely to conâ€" tinue but to increase its record in this connection. The rate earned during the year on the mean invested assets was 641 per cent. A net profit of $2,215,772 was realized on. sales of municipal debentures and other seeuriâ€" ties wisely bought, and sold when they had advanced to high premiums. The profits earned by the Company during the year, based on the increase in the ‘valuation of its securities as made by government authorities has been $21,666,284. From thnis amount it has been thought advisable to deâ€" duct $3,000,000. e WE T08 L d Profits have been paid or alloted during the year to policyholders of $7,662,784. After deducting this sum, adding $2,500.000 to Contingeney Acâ€" count, writing $750,000 off of the book value of Head Office, branch buildings, and real estate, setting aâ€" side $350,000 to further strengthen the special reserve to provide for posâ€" sible greater longevity among annulâ€" tants, and deducting aceretions to Shareholders‘ Account, the Company has been able to add $6,532,642 to unâ€" divided profits. This brings the total surplug over all liabilities, Continâ€" gency accounts, and. Capital up to $28,640,000. . R 3 % . n .2 _ Increased profits to policyholders are announced for the sixth consecuâ€" tive time. o t nc t c It is significant that on the day that the Sun Life Company formally openâ€" ed its fine completed head office buildâ€" ing, President Macaulay announced that provision must at once be made for further enlargement. _ Already eleven hundred people are employed at the Head Office* The international character of the institution, which is already| operating in fortyâ€"four countries and states, is further emâ€" phasized in expansions now taking place in a number of the larger cities and principal states of the American Union. j â€"In its strength, the: seope of its activities, the rapidity of its growth, and its vigour and prosperity, the Sun Life Assurance Company now ranks among the first financial institutions of Canada. A eclergyman had just been beaten by a par‘shioner in a game of golf. ‘‘Never mind, father,"‘‘ said the viector, "You‘ll get vyour own back when you still be your hole me to bur\' me.‘ "That‘s where you‘re wrong. It Always a Winner. THE PORCUPINE ADVANCE, TIMMINS, ONTARIO Humane Society Anxious for Protection of Animals Presideat of Timmins Branch Explains That There is no Intertion to Interfere with Doz Race or Other Legitiâ€" mate Sport or Proper Use of Animals. _ Summary of Aims and Purposes of Society for the Prevention of Cruelty to Animals. Unfounded â€" reports have been spread regarding the aims and purâ€" poses of the Society for the Prevenâ€" tion of Cruelty to Animals, a branch of which was récently organized in It has been said that the society was organized here to stop the Poreupine Dog Race, and eventâ€" ually, perhaps, to prevent the use of dogs for sleigh purposes. _ Of course there is no foundation for such a report. No society could accomplish such purposes, even if this were deâ€" sired, and as a matter of fact those in charge of the branch here are very far from believing that there should be any interference in such matters. Previous to the organization of the branch here, the Dog Race Committee was the only body particularly interâ€" esting itself to prevent any abuse of dogs. On more than one occeasion the Dog Race committee had dogâ€"drivers prosecuted for abuse of dogs, and any convicted were by formal resolution debarred from ever again competing in any race here under the auspices of the committee. The president of the S.P.C.A. has always been an inâ€" terested worker for the Poreupine Dog Race believing that the race was good sport and the committee were properly interested in dogs and ready to protect and defend the animals so far as possible. AL L es y ® Mrs. J. A. Mcelnnis, president of the Timmins Society for the Prevenâ€" SUNâ€" LIFE â€" ASSURANCE +« COMPANY â€" OF â€" CANADA A BILLION DOLLARS OF LIFE ASSURANCE IN FORCKE * 1 9 2 5 â€" ASSURANCES IN FORCE (net) â€" $1,021,097,000 An Increase of $149,460,000 New Assurances Paid For â€" â€" _â€" _ An Increase of $568,011,000 Total Income â€" â€" s is â€" 69,147,000 An Increase of $6,901,000 Payments to Policyholdeors and Beneficiaries 35,441,000 Total Payments Since Organization â€" 219,239,000 Reserve for Unforeseen Contingencies 10,000,000 SuUTDIUS over all Liatbilities and Contingency Reserve â€" _ 28,640,000 Surplus over all Liabilities and Contingency Reserve =~ An Increase of $6,532,000 = ASSETS at December 31, 1925 The Cawnny'i statements have for years reflected its constantly tincreasing expansion and ity, but this year marks an epoch in the lfe of the apmnut:x\. t hmdnow passed the Bitkon Dollars x;\larélm assurance in force, the amount wdcda'.mmmbmng ,021,â€" .4. w h ut snn d ..Applical'uuk”rvassmmhawtxvnlhflammmourhmm aggregating $220,5344,525.67. The new policies pasdâ€"for numbered 57,944, bflramoun(ol'l%.("'l(h‘lzs after deducting amounts reâ€"assured. The new busness lfor the yeat exceeds the total amount of business the Company M btron!ythm.emmm evidences of growth and expansion {exhibited in the L are paralieled im regard to strength and profitableâ€" ess. general decline im interest rates, the Company l.lreuabkmnmly to continue, but to «lightly increase its record in this comnection, the rate earned during the year on the mean invested aseets having been 641 per cent Severat tactors hay@imrontributed to produce this result, not the least Your Drarectors present the Altyâ€"hifth annual report for your appro_val Dividends to Policyholders increased for sixth successive year An Increase of $28,925,000 Policies in Force, Excluding Group Policies â€" â€" 411492 Employees of Firms Protected by Group Policies 42,755 tion ofgCruelty to Animals has asked The Advance to ‘make it clear that the purpose of the Society is not to inâ€" terfere with any event, but simply and solely to assist in protecting aniâ€" mals in general and assuring the most humane attifude towards all dimb creatures. The purpose of the 8. P. C. A. is fuly set out in ‘‘Article 2â€"Objects‘‘ of the constitution of the organizaâ€" tion. The paragraph in question reads as follows :â€" +**The objects of this wsociety are to provide effective means for the Prevention of Cruelty throughout the Province of Ontario; to enforcee all laws which are now, or hereafter may be enacted for the protection of animals; and to secure by lawful means the arrest, conviction and punâ€" ishment of all persons violating such laws, and by means of literature and public addresses to create and sustain a general interest in Humane Wor_k..” "The objects of this Society to provide effective means for Prevention of Cruelty throughout P A Z4 Every good citizen is interested in the good purposes and aims thus outâ€" lined, and the work of the Society is certainly worthy of the most wholeâ€" hearted support. . Instead of working at ‘crossâ€"purposes to the Dog Race committee, the S.P.C.A. will be a valuâ€" able aid to the committee in assuring what every dog lover desiresâ€"proper treatment for this friend of man. â€"It is a mistake, however, to imagine that the S.R.C.A. is solely, or even EXTRACTS FROM DIRECTORS‘ REPORT NesR WPV T C Em ie o P Even more important than interest yretd Ras heen the advanee in the market value of our securities. For many years we have specialized m lng term bonds and preferred and common stecks ef outstanding corporaâ€" tions, both in Canada and in the United States. We are now reaping the rewards of this policy, On actual sales of mumcipal detenturesend ‘other securities which had risen to high premiums. we have realized a net profit ol $2.215,772.41, while the increase in the value of sccurities still held nas been much grgater The profits carned by the Company Gduring the , based on the increaw in the valuation of our securities as made by the government authonities, has been $21,666,284.00. We have not thought it wise, bowever, to takecredit for"this entire amount, and .. +. have made a deduction of $3.000,.(0 from the official valuation placed on our asscts. We have, moreâ€" over. added $2,500,000 to our Contungency Accounts, brincing these up to a tatal of $10,000,.0(00. h Eid x s w h the Company has substantial stock holdi important being an increas th the dividends paid by some of the corpora vons in whic ice of recent years, we have written off $750.000 from Othce and Branch Buildings, and other real estare. Head SE Following the practi value of ous book chiefly concerned with the welfare of dogs. The Society is designed to proâ€" tect all animals. In towns and cities generally the protection of horses and cattle is a large part of the work of the S.P.C.A. Both the Dominion and Provincial laws have sections for the: protection of animals and the punishâ€" ment of those who wilfully break these humane laws. Yet it is well known that these laws are being constantly and persistently disregarded. Because men are greedy or brutal or thoughtâ€" less to the point of criminality animals suffer at times unduly. _ Scores of cases of cruelty to animalsâ€"dogs, cats, fowl, horses, cows and other dumb creaturesâ€"Ifave been called to attention in Timmins and district. The police were always ready to proseâ€" cute when they could get a case. But it is seldom that cruel men send for the police before committing eruelty, and it is always difficult to secure the proper evidence* for convictions unâ€" less there is some organized channel through which the information may be gathered. What is everybody‘s busiâ€" ness is notoriously nobody‘s affair. The S.P.C.A. supplies the link that promises more effective enforcement of the law. § 303,056,000 Cruelty to animals not only is an injury and an unnecessary suffering for the animals concerned, but it is also evil in its reaction on the human beings who are responsible. It bruâ€" talizes those who inflict cruelty and those who see its infliction or results. S. P. C. A. and every good citizen should be ready to support the Society in its good work for the protection of animals and the equally good work incidentalâ€"the creation of a humane and kindly spirit towards all created beings. P x w A ""SHrely everybody is anxious that all animals should have a square deal! Well that is the real purpose of the That true sport, and true gover of dogs and. all other animals, Mr. R. Eddleston, is the inspector for the Timmins 8. P. C. A., and he has an able and earnest assistant at the work in Mr. McKinnon, of the Fire Dept. The Society has a regular meeting the first Monday in each month. The next meeting will be on Thursday evening, March 1st, in the Town Hall. All interested should attend. "‘Look here, chief,‘‘ demanded the captain of the tramp steamer, ‘‘ what became of the missionary I put ashore here about six months ago?" I refuse to answer, by advise of counsel,‘‘ replied the cannibal chief, I # * ‘‘but I don‘t mind telling you that there‘s nothi in the theory that you can‘t keerfa good man down.‘‘ We have also, by setting aside an additional $350.000, further strengthâ€" ened the special reserve to provide for possible greater longevity annuitants, bringing the total amount under this g::dmg up to $1,100, in excess of govermâ€"®nt requirenwnts, During the year we have paid or allotted $7.662.784.35 a¢profits to our policyholders. After deducting this sum, and the accretisons 1o sharehaiders‘ account, and making the foregcing beavy allocations, we have been abte to add $.532.612.75 to our profis bnngirg the total surplus over ail habrlities, Contingency Accounts and Capital up to $28,040,000.69, For the sixth consccutive year we are able to annource an increase in the seale of profits to be distributed to our policyholders in the ensuing For the sizth consecut! in the scale of profits to be year. ... To provide for the. expansion of our business. it has been necessary to make an extension of the Head Office tanlding, which has now been completed, and will be formaily opened on the day ol our 1 The building is devored erxclusuvely to the use of the Company,. but it is already evident that we must at once for further Nearâ€"sighted â€" Old _ Centleman: "©Waiter! You told me you had no asparagus, but Burel\ that lady over there is eating some.‘ ~ Waiter: ‘‘No, sir, beg pardon, sir, but she‘s only aâ€"touching up he mouth with a lipâ€"stick!‘‘ : Lautra Becoro Canbdies These candies arrive every Thursday. Leave _ your order for the regular asâ€" sortment or make up any assortment you desire. List closes every Tuesday morning. Same prices as in Toronto‘ and Montreal. ° Ayanâ€"Murray Drug Go LIMITED 5 Pine St. South Leave Your Orders for Thurs., Feb. 18th, 1926 Reed Block

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