Timmins Newspaper Index

Porcupine Advance, 2 Dec 1926, 1, p. 6

The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

on 6 aa* 2 282282 2% 228. 2*2 28. 18. 28. 19. .*. 19. .*. .# 6 22 a*2 a®, 2¢, 18. 28. 18. 1%, 18. 1* ...0......0.............. oooooooooooooooooooooooo00000303000000000030000000000ooooooooooooooooooooooooooofoooootoooooooooooooo.ootoooo'oo.ooooooooooooooooocooooooooooo Want Ads. in The Advance Bring Results .:utututu..?u:?u..\\\.:x...s.utuz.\ut?u......u.\.tu:..!“..“:uxv?uzv.vai%\.\v\\?v@ @ ote atentente ateate obeatesteatentente abeate ate atea ie abe abe abe 14 Third Ave: Entrance on Pine Street or through the Hardware Store Northern Ice Cream Parlour PHONE 438â€"w 44 Third Avenue, Timmins Thursday, Dec. 2nd, 1926 Visit Our Basement Store Full Line of :â€" Men‘s Working Clothes also Boys‘, Children‘s and Ladies‘ Wear that the Northern Ice Cream Parlour and Candy Shop is still in business at the old stand and ready to serve you in the best way. the ideal new ice cream parlour and tea room. Everything the latest and the best. Come in and see HAVE YOU VISITED THE In order to make room for other Christmas Goods.we are selling all Toys at Cost -Q" 1y 2 ts 14 o1 n ty o1 08 s JA t OA c O# *a**s }.o :.'o”o“o“o“o“o“o“o“o'\“o“o”o"’o"’o’ Chas. Pierce Sons Limited GORDON‘S DRUG STORE TIMMINS #4 # # *4 #, # #* # # ## *# *# #* *# #© #4 # # *#* * "% *4 @ # #* 4 ** *# #* # "® #* # # #* #@ 4 #* *# 4 #4 + 4# #* + 6 #*4 # # #4 *# #* AND DON‘T F The Golden Hub #. * 0’.. t# ® # # # #+* # # W# * .“.““ #_ # .. .. #4 # bed #* # # #* *# # *4 # *# #, *# #* ® < #4 + + ## # + #* t .“.“.“. * * *# # # # w# #+ # tw Gordon Block, Timmins frock as this, a work serves to neath fresh and This need is easily filled, for the department stores specialize these days in inexpensive and smart wash frocks for house wear. The one above is a smart example, made in one piece, though simulating the twoâ€" piece effect. It combines blue ‘gingâ€" ham striped in red with plain blue and adds solid red for the trimming. Blue and Red CGingham Makes a Smart House Frock The really _ successful housewife knows that it is just as important to be ressed smartly and correctly for her housework as it is to wear corâ€" recet clothes when she goes out. @ Hashton Kanries The advices last week from Toronto say that the longâ€"drawnâ€"out litigation over the affairs of the Mattagami Pulp Paper Co. is now at an end. Mr. Justice Middleton, sitting for and at the request of Mr. Justice Fisher, Judge in Bankruptey, last week ratified a settlement subscribed to by all parties. Under this settleâ€" ment, the unsecured creditors accent from I. W. Killam a payment of 25 cents on the dollar or $300.000 in all, which is the offer in writing by Killam, â€" president of the Royal Securitiese Corporation who recently purchased the assets of the pulp and paper company for $7,250,000, before the litigation was started. The settleâ€" ment does away with the necessity of the Master in Chambers delivering judgment on the validity of the second debenture mortgage honds issued to par value of $3,935,000. _ Including interest due, settlement provides for recognition‘ of these as at a value of approximately $115. The first mortâ€" This would mean that under ordinâ€" ary cireumstances the settlers would only get one quarter of the amounts due them for pulp sold to the Mattaâ€" gami Company five years ago. _ The Advance, however, for five years past has been pointing out that the settlers in this case should not be treated like ordinary unsecured creditors. _ They were induced to accept notes for the pulpwood sold and so allowed the time to pass for protecting themselves by liens on the pulpwood. _ The notes were dishonoured and the settlers had no remedy. They had lost the proâ€" tection usually afforded them in cases where payment is not forthcoming at the time. Jn addition to this is the fact, that the settlers depend so much gage bonds amountmg to $2,500,000 will be paid in full. PI‘OVISIOD 18 also made for payment of the receiver‘s and other costs. Co. has been settled. Under the setâ€" tlement the _ unsecured _ creditors, (which includes the settlers who sold the company pulpwood five years ago and are still unpaid), are to receive 25 cents on the dollar. There is hope, however, that this proportion will be materially increased in the case of the settlers. Indeed, it is to be trustâ€" ed that the settlers will get all their money eventually. The other unâ€" secured creditors showed a very comâ€" mendable disposition when it was proâ€" posed some months ago that in case of . a settlement they allow part of their share to go to the settlers, so that the latter might not be so badly treated in the matter. in addition, the Norâ€" thern Ontario Associated Boards of Trade and other bodies and individuâ€" als are earnestly endeavouring to have the Government pay any balance that may be due the settlers. It is recogâ€" nized that under the peculiar cireumâ€" stances, special consideration should be given the settlers in this matter. According to advices from Toronto the litigation in connection with the debts of the Mattagam Pulp Paper Mattagami Pulp Creditors To Get 25 Cents on Dollar Settlement Made at Toronto Last Week. Hoped Now That Unsecured Creditors Will Defer for Benefit of Settlers and That Government Will Also Assist When ons THE PORCUPINE ADVANCE, TIMMINS, ONTARIO wears such a smock for to keep the ep an such aâ€" dainty for really hard the frock beâ€" J . isvans, reeve of Coleman townâ€" ship, was reâ€"elected to that office at the municipal â€" nominations toâ€"day. This will be second term. _ Seven men, including all four members of the present council, were nominated for the four seats. They are D. W. MeLeod, A. Sibley, . Buckler, I. Mosher, G. Modler, George Martin, W. J. Fleming. For the one vacancy on the Union Public School Board A. D, Campbell, the retiving trustee, and W. L. Ross, were nominated. â€" An election is unlikelv. The Kamiskotia area is not the only, one enjoying an oldâ€"time "rush"‘! these days. /‘ There is also a rush inâ€" to Carscallen township these days, fully fifty prospectors being now at work in Carseallen, according to reâ€" ports received by The Advance. For many oldâ€"timers Carscallen has alâ€" ways held much of ilnterest as a gold field, but there has not been a rush in that direction for some time. However, at present the interest in Carscallen is very keen, indeed, and much staking of new and old claims is in progress. _ The matter of the ‘‘rush‘‘ has been kept very quiet, acâ€" cording to accounts, but oldâ€"time prospectors seem to learn of such rushes by a sort of intuition, as it were, _ In any event, the oldâ€"timer some way or another always seems to learn about these new centres of inâ€" terest and trek there with the rest of the boys. During the past summer there was considerable activity in Carscallen, as noted by The Advance. Some of the results of work this sumâ€" mer in the township were spectacular and assays made showed unusual reâ€" turns. It was from the reports leakâ€" ing out in regard to the results of work in Carscallen that the present boom arose. The heavy ~snowfall during the past week or two has hanâ€" dicapped the progress of affairs in Carscallen, just as it has elsewhere. Snow staking is not favoured among the oldâ€"time prospectors. _ They like to be able to carry out work on the surface and in other ways difficult to follow out in winter with a few feet oOf snow on the ground. Howâ€" ever, the activity in Carscallen this season will likely bear fruit later on. Carscallen will be heard from again. As one prospector told The Advance this week : "It is good stuff, Carsealâ€" len."‘‘ COLEMAN REEVE GIVEN ACCLAMATION ON MONDAY aOMETAING OF A RUSH DN NOW INTO CARSGCALLEN Although only about $30,000 altoâ€" gether is due the settlers the money in each case has an importance for the settlers out of All proportion to its size,. The few hundred dollars due each settler nfeans the difference beâ€" tween success an‘d failure,â€"between living and starving. Mr. WV. 0. Langâ€" don brought the matter very effectiveâ€" ly before a meeting of the ordinary creditors last _ July. Mr. Langdon suggested that the ordinary creditors defer their claims to the extent that the settlers might be paid in full or at least more than the pittance proâ€" posed by the settlement then. â€" It speaks well for the intelligent genâ€" erosity of the ereditors at that meetâ€" ing that the proposal was very favourâ€" ably received. Mr. G. W. Beclestone, M. P. P., of Bracebridge, representing one of the largest unsecured accounts, j stated that so far as he was concernâ€" ed he was ready to step down and let the settlers get all that was owing to. them. â€" He said that he recognized the hardship imposed on the settlers and he believed that they should be helped not hampered. He was ready to enâ€" dorse any plan that would give a preâ€" ference to the settlers in the matter. It is to be hoped that the other unâ€" secured creditors will take a similar view. It will mean Jlittle to them after all, and it will mean so much to the settlers. Mr, Langdon is taking this phase of the matter up further with the otherâ€" unsecured creditors and it is hoped that arrangements will be made so that theâ€"settlers will get say 70 per cent, K their claims at least. In such an event the Ontario Government should take advantage of the section in the 1926 Northern Onâ€" tario Development Act providing "‘reâ€" lief for settlers,"‘"‘ and from this fund make up the required balance. It is most regrettable that the settlers have gone unpaid for over five years. It will be a lasting disgrace if they are not eventually paid in full. Fully Fifty Men in That Township at Present and Prospects Said to be Unusually Bright upon the sale of pulpwood that the matterâ€"was a serious one for them. To the ordinary unsecured creditor it was a case (deplorable enough, it is true) of ‘‘another bad debt,""‘ but to the settlers the failure of the company to pay the amounts due was a vital matter. . Some of the settlers were actually ruined. _ All of them were cruelly handicapped. + a watch lost. Last week a lady in town reported finding a watch, and asked for a description of the missing timepiece to see if the watch lost was the one found by her. ~In the meantime, however, The Advance has been unable to get in touch with the lady who advertised the watch as lost. If this lady will call at The Advance office she will receive the address of the lady recently finding a watch and can thus investigate to see if the advertised watch is the one now found again. Two or three weeks ago a lady adâ€" vertised in The Advance relative to That pleasing annual event, the Annual Ball of the Dome Mechanical and Electrical Department, will be held on Friday evening, Dec. 10th. Invitations were sent out for Nov. 22nd, bhut the event had to be postâ€" poned. The invitations sent for Nov,. 22nd, however, are to apply for Friday evening, Dec. 10th. The anâ€" nual ball of the Dome Mechanical and Electrical Department is the dance of the season at the Dome, nd is lookâ€" ed forward to all through the district by those who enjoy a real firstâ€"class event of this kind. Those who were disappointed at the fact that it was impossible to hold the dance last month as announced will be delighted to know that they have this excellent event still to enjoy. All that is necessary is to remember the new dateâ€"Friday, Dec. 10th. THIS MAY BE THE WATCH ADVERTISED AS LOST BIG ANNUAL EVENT AT THE DOME ON DECEMBER 10 finding a watch | Sunday 11 a.m., Sunday School 10 a.m. igate to see if the | Wednesday Meetmg ........ 7.30 p.m. is the one now Testimonies of Healing â€" through Christian Science. Christian Science Meetings ODDFELLOWS‘ HALL Subject : Services :â€" Formerly with the Hamilton Tigers, now playing centre with the New York Americans pro hockey team. He was largely, responsible for the defeat of the champion Montreal Maroons in the first celash of the season at Montreal. "GOD THE ONLY CREATOR" BIL

Powered by / Alimenté par VITA Toolkit
Privacy Policy