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Montreal _ For Sale By Hillâ€"Clarkâ€"Francis, Limited The Geo. Taylor Hardware, materials that ne no IIiTC PIOCGCHOQ l PP ( : _ » / * _ Wallboard In Building Your Home it Costs No More to Stop Fire By specifying Gyproc Wallboard you assure walls and ceilings that are efficient fire barriersâ€" yet the cost is no more, and often less than with materials that give no fire protection whatever. PRESTON, ONT. en Better Automobiles Are Built â€" McLaughlinâ€"Buick Will Build Them %e New McLAUGHLINâ€" BUICK t I ‘HE unprecedented popularity of the 1929 McLaughlinâ€"Buick unquestionably establishes it as the new order of motorâ€"car style. The new Masterpiece Bodies by Fisher are revolutionary, it is true. Revolutionary in the majestic beauty of their appearance. Revolutionary in the richness of their conâ€" tours and colours. Revolutionary in the spaciousness and sheer luxury of their inâ€" teriors. Revolutionary, in fact, in ALL the characterâ€" istics which make twice as many people choose McLaughlinâ€"Buick as any other car at or above its price. 4t 5C Marshallâ€"Ecclestone Limited ‘P of¢ Timmins, Ontario Toronxnto is the $ U GGESTb AMENDME\T TO Gibson‘s Fortnightly Review says:â€" "A U.S. senator has contriDbuted a brilâ€" liant thought to aid the Federal Reâ€" serve Board in "curbing speculation." The suggestion was to place a tax of 100 p.c. on profits made in "speculating on the stock market." Perhaps if an amendment went along with it to reimâ€" burse speculators inâ€"the market to the full extent of their losses, the idea might go over big with the trading public at this particular time." Sea die of?" Daddyâ€""Oh, I don‘t know, child!" Peggyâ€""Daddy, where do dreams go when you wake up?" Daddyâ€"*"I don‘t know, my dear!" Peggyâ€"‘"Daddy, why did God put so many bones in the fishes?" Timid Youth (to sweet young thing) : "I can see that I am only a pebble in your life." Sweet Young Thing: ‘"That‘s about all. That is, until you learn to be a litâ€" tle boulder!" Peggyâ€""Goodness, Daddy, who made you an editor?" Daddyâ€""Oh, child, I don‘t know that either!" Peggyâ€"‘"Daddy, what did the Dead DEFRAY LOSSES IN STOCK immins, Ont â€"Exchange. â€"Exchange Sir:â€"May I be permitted to direct the attention of the public through the columns of your paper to a matter now before the House of Commony~ which if permitted to become law will in my judgment have a most serious effect upon the development of the mining industry in Northern Canada, namely the proposed tax on the transâ€" fer of mining stock. I believe you will agree that not one factor in the economic life of this country has contributed more towards the measure of general prosperity that Canada is now enjoying than has the development of the mining industry, particularly in Northern Ontario and Northern Quebec, and anything that would tend to discourage or retard that development will certainly reflect itâ€" self on general business. The mining industry in relation to general prosperity has two distinet phases; first the speculative and deâ€" velopment phase; second the permanâ€" ent or producing phase. From the standpoint of the investâ€" ing public and the country‘s future the producing mine is the one to be aimed at but we cannot have producing mines without passing through the speâ€" culative or development phase of the mining industry, and for every one proâ€" ducing mine brought into existence there will be one hundred speculative prospects worked out and proven valueless. As a matter of fact, notâ€" withstanding the wonderful results alâ€" ready flowing from producing mines speculatiye development has, in my opinion, put into circulation in busiâ€" ness and industry during the past five years two dollars for every one dollar that went into circulation by reason of operating the producing mines. III Effects on Proposed Tax On Transfer Mining Stocks There is so much general interest in the proposed tax on the smallerâ€"pricâ€" ed mining stocks that the following carefullyâ€"considered Jetter from Mr, Geo. B. Nicholson, of Chapleau, should be read with great attention. Mr. Nicholson has sent this letter out to the newspapers, The Ottawa Journal being one of the papers publishing it as follows:â€" To illustrate, Ontario mines producâ€" ed in 1927 (I have not the figures for 1928) approximately $100,000,000 in new wealth, a very substantial contribution towards Canada‘s general prosperity, but measured by the wages paid to working men, materials and equipment purchased or freight traffic furnished to our railways, the companies operatâ€" ing producing mines have themselves put as much if not more money into circulation in speculative development as they have in the operation of the mines themselves. It is, however, when we turn to the nonâ€"producing companies and the prospectors that we get a true picture of what has taken place. Just to name a few: Treadwellâ€"Yukon, Sudbury Basin, Falconbridge Nickel, Red Lake Area, Sherrittâ€"Gordon, and the Hudâ€" son‘s Bay, and with them the thousâ€" ands of companies and individuals who are spending their time and money or the speculative investors‘ money in the search for new prospects in new mining fields, will give some idea of what speâ€" culative development is contributing to general business. As a matter of fact, the future of the mining industry deâ€" pends on the willingness of men who have faith in the country to spend their time and money in the difficult and exâ€" tremely speculative work of prospectâ€" ing for and the development of new mining areas, and anything that places an unfair burden on this class of man will most assuredly have a disastrous effect on the future of the entire inâ€" dustry. As a proof of this, all we need to do is to look at what has taken place within the last five years. From the beginning of the war down to 1923 mines and mining men were treated by the press and the public and some Governments as legitimate objects for persecution and exploitation. The few cases where success had crowned the efforts of the prospector or mining man were held up as evidence of the necessity for finding some way by which the profts of the industry could be diverted from the individual to the public, while all the losses (and to date they have been greater than the proâ€" fits) must be borne by those who did the work and found the money. The result was that the industry practiâ€" cally stood still. Men would not take the chance while such an unfair atâ€" titude was manifested, and while they were constantly threatened with some scheme of confiscation the moment that success came to them. That condition has been completely | changed within the past five years, anQ ‘ again I say that nothing has more | contributed to the general prosperity of the country than has that change. The changed condition has been due almost entirely to the untiring efforts of the Minister of Mines for the Proâ€" vince of Ontario, Hon. Charles McCrea, who in coâ€"operation with the Minister: and Department of Mines of the Proâ€" vince of Quebec has been able to create in the mind of the investor, not only in Canada, but in the United States and Great Britain, confiiknce that the man who is willing to spend his time and money in assisting to Geâ€" velop the Great North Land will get a square deal, or, to put it another way, a fair run for his money. o. B. Nicholson, of Chapleau, Outlines Value of Mining Ventures to the Country. Ontario Greatly Helped by Speculative Investments. Proposed "Sales Tax" Would Make "Penny Stocks" Prohibitive. Now, however, comes a new attack, the soâ€"called "Sales Tax" on mining THE PORCUPINE ADVANCE, TIMMINS, ONTARIO stocks. To illustrate what that means, one only needs to point out that our great producing mines like Internaâ€" tionul Nickel, Hollinger, Teckâ€"Hughes, Lake Shore and Noranda each in their turn passed through the stage of speâ€" culative development in which the prospects now find themselves and when their stocks were sold as low in some cases as oneâ€"tenth of one per cent. of their present value, and had it not been for the willingness of the speculative investor to buy these stocks the mines could never have been deâ€" veloped. Now, had the proposed tax beeon in effect at that time it would have meant that the Dominion Govâ€" ernment would have taken from 10 per cent. to 100 per cent. of the first turnâ€" over of these stocks and that would nly be the beginning. The man who puts his money into lowâ€"priced or speâ€" culative mining ventures does so in the main for a quick turn and if that quick turn does not come he sells and buys into something else, but with the proâ€" posed tax hanging over his head and the knowledge that that tax will apply in the case of each transfer on an absoâ€" lutely prohibitive basis the result will be that he will not take the chance and the mining industry will suffer. As an example of the cumulative effect the tax will have, there are amongst the most outstanding of Caâ€" nada‘s producing mines cases where during the development or speculative period the entire stock issue was turnâ€" ed over ten times in a single year, and at a price that under the tax such as is now proposed the Dominion Governâ€" ment would have coillected from 200 per cent. to 1,000 per cent. of the money actually going into the property. It may be said that these speculative investments in mining stocks are unâ€" healthy and should be discouraged and that if men are willing to take the chance they do in stocks of this charâ€" acter they should be willing to bear the tax, but let me repeat again, anyâ€" thing that will discourage people to put their money into legitimate prosâ€" pects is the very kind of club with which to kill the mining industry. Only a few days left to learn the high points of Plymouth during "Learnâ€"theâ€"Difference"" forinight. Here is your chance to find out for yourself what scores of your friends and neighbors have learned â€" the decided difference between Plymouth and any other car in its price class. We know that fifteen minutes behind the Plymouth wheel will convince you that Plymouth is net only different in the big obvious thing s, but different also in the little things that mean so Thuch in the pleasure and convenience of drivâ€" ing a motor car. ome Inâ€"See â€" Hear â€"Learn!‘ Drive a PLYMOUTH ' * While at Kirkland Lake recently Hon. Wm. Finlaysonâ€"told the council of the township of Teck that the Government would be willing to bear half the cost of a strip of paved road twenty feet wide for one mile through the town. He pointed out that this was a conâ€" cession to Kirkland Lake, as other towns that were given this fifty per cent. were towns along the main highâ€" way and Kirkland Lake could hardly be classed as on a highway. The Norâ€" thern News thinks Mr. Finlayson‘s ofâ€" fer will be taken up and the balance of the road on each side of the strip paved at the same time on the local improvement plan. Press reports indicate that the posiâ€" tion taken by the Finance Minister when interviewed by representatives of the mining exchange was that the buyer or seller of the mining stocks should pay a sales tax just the same as the buyer or seller of any other commodity. If that is the basis for the imposition of the proposed tax it should not require much argument to show the utter fallacy of it. In conclusion may I repeat that if this tax goes into effect it will, in my opinion, impose handicap on the deâ€" velopment of the mining industry that is grossly unfair and certainly unwise. GEO. B. NICHOLSON. Chapleau, Ont., April 8, 1929. GOVERNMENT OFFERS TO PAY HALF COST OF PAYVEMENT Charlottetown Guardian:â€"Every anâ€" archist, revolutionist and advocate of sedition and Sovietism in Canada will be thankful to Mr. Lapointe for his effort to take the teeth out of the criminal code so far as it deals with their seditious and revolutionary acts and propaganda. And their number is increasing in the cities of Canada. There are two definite principles unâ€" derlying the sales tax; one is that the tax is a commodity tax paid on some article with a genuine.fixed value; the other is that the tax is paid once and that there shall be no pyramiding, Now, who could argue that the tax on mining shares comes under either of these heads? First, when a man buys stock in a mining venture all he buys is the privilege of putting some of his money into the highly speculative busiâ€" ness of assisting to find or develop mines and assisting the development of the country; and second, the apâ€" plication of this tax with each transâ€" fer of stock carries the process of pyâ€" ramiding to a degree never heard of in connection with any character of a sales tax. Northland Motor Sales Timmins, Ontario. We know you will reco We are eager to have you realize the many outstanding advantages of the Plymouth. Come and drive the carâ€"see for yourself how and why it excels, There is not t!:2 least obligation. Come in tedsay! Toronto Mail and Empireâ€"Mr. Gann, unassuming Washington lawyer, never suspected that he would become known as Mrs. Gann‘s husband. Old Residents of North For Fruit Farm in South The Haileyburian last week says:â€" "Mr. and Mrs. Walter Kirstine, for many years residents of this district, have gone to Walkerton, Ont., where they will engage in fruit farming. They have many friends in Haileybury, havâ€" ing lived on a farm on the West Road since the early days until a few years ago when they moved to another locaâ€" tion near Matheson. They have owned the fruit farm in the southern part of the province for some time and they inâ€" tend to try it out for a year or two at least. Mr. Kirstne and his brother, Fred, were the first settlers on the West Road. Mrs. Kirstine, Mrs. C. C. and Mrs. John Westron were the first members of a Women‘s Institute in the North Country and Mrs. Kirstine is still a member. In 1908 the Institute held its first exhibition of fancy work, and those who recollect the event say that it was a most successful one and doubt if anything better in that line has been held since. Mr. and Mrs. Kirstine stopped over in Haileybury on their way down and were guests of Mr. and Mrs. S. D. Briden, Main Street. Many of their old friends here met them and joined in wishing them sucâ€" cess in their new home." ake and Pastry Expert says: «5 ga Plymouth is typically C‘m)fi.gr pcrfoxmanceâ€"â€".so swiflt in traffic, UA â€" esger on hilis, so easy to control and so safe with weatherproof internalâ€"expanding fourâ€"wheel hydraulic brakes. We could pack this whole page full of type teiling why Plymouth is so vitally differentâ€"in style, quality, performance, dependability and econonity. But five minutes‘ inspecâ€" tion followed by a brief drive will tell the story far more graphically. That‘s the reason for Plymouth "Learnâ€"theâ€"Difference" fortnight â€"why we urge you totake advantage of this opportunity to learn the allâ€" inclusive superiority of Plymouth â€"to see it, experience it. Come in today! Get the facts! See us now â€"before the bigevent is over,. Thursday, April 25th, 1929 | WO Wns s ,,- w :'- , | *“_‘,‘)i ,; A ? itnu:.\-c...\ U 2 'L ) on | S A RICE KRISPIES It‘s so crisp it pops and crackles when you pour on milk or cream. And what a flavor! Crunchy rice grains â€"toasted golden brown. Rice Krispies are fine for any meal. Give them to the children for supper. Easy to digest. Order a redâ€"andâ€" green package from your grocer. Try the recipes for macaroons, ete. Made by Kellogg in London, Ontario. _RICE KRISPIES