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PAGE TWO sales during the past two months. So swim were their efforts dur- ing this period that policia totalling over $9200.03” were plwed on menus at m of Cam. Record Sale of Insurance by Mutual Life of Canada This amen pom: reacha Ithasbeex al Depame Shnrl Medium long [myths Became she's y you'd buy and m thing she can w c Sheer chiffon, chifi'on, semi-service and crepe 19 PINE ST. S. uuuuu by Mercury f the Mutual Life of Canada. at completed 30 years ‘38: 8 the campnny. special efiats by the field force to increase $1.00 Mr bymeFechr- methane-105 Wt. have lam for thirteen years in an old building in Ottawa. waiting to be mounted. The figures are each. ten feet tall enough 'h'uth aid enough Justice one would have supposed. to have made their mark in the world long before this Tram and J last war 3nd completed by Walter £ Allward. Creator of the Vim Ridg Rama-£31. to the order of the Canadia Canada. excet Canadian com ordinar M inade Abitibi Power and Paper Company Protective Committees have been giv- ing intensive, attention to working out a 10:1ganization plan which will permit the company‘s emerging from receiver- ship and bankruptcy. Joseph P. Ripley, s New York, N. Y.. chairman of the Bond- 1 elder-3 ’.Ccmmittee was in Toronto for 11 few days last. week and took part in long discussions which tackled this moblem harder than it has hitherto been tackled. The company during receivership has cleared away a number of obstacles to reorganization, including more than. $4 million owed to banks back in 1932. millions of dollars in purchase money obligations to get full control of Thun- der Bay Paper Company. readjustment of its limits with the Department of [Lands and Forests and adjustment ‘wiflth the Hydro- Electric Power Com- l l â€"-â€"~ mofl-w**~__. _. mrssmn cf On:ario and the Govern- ment of various claims in connection with power and timber dues. In reorganizing, the company must first seek to provide itself with many lmillions of dollars as working capital so that this huge industry may not be hampered in its preparations for tak- ing any business that offers. Then come the first mortgage 5 per cent. bondholders with $48.3 millions of bonds outstanding. and arrears of bond interest unpaid since 1932. The Abitibi bonds which were selling at one- -fifth - WWWW\V\WXMX“\X\\\\X\X\S\V“\YSS‘AXV 18 AccordingtoademuchImWind- sor. because the complainant returned to his Val d‘Or Quebec home apparently reconciled to loss of 3150 in a “gold arick" swindle more than a week ago. 1 charge of conspiracy to rob was dis- nissed against Henry Myers. 33. De- roit on Monday at Wimisor. The case was remanded from Friday when On'al Lucier. 27. Windsor. appear- ing on the came charge was freed be- cause there was no evidence he had played a major part in the scheme to mulct Fred Munchuk. 40. the Quebec complainant. "Munchuk had no business to go away." Magistrate D. M. Brodie said in dismissing the charge. “His hands are not altogether clean." Abitibi Powey C0. to Re-orgamze Soon M illions Needed to Working Company Claims in Area. 3f par a few years ago have recently been selling above par. a sign of the confidence of holders that earnings in 1937 will be larger considerably than the $2.2 millions shown in 1936 as avail- able for depreciation. depletion and bond interest. The real expectation is :or 1938 when $50 a ton will be obtain- ed for newsprint instead of the $42.50 3 ton recently obtained. Against these expectations are the iacrs that labour and material costs were greater in 1936, and that recent wage increases will make the costs even larger for 1937. It is anticipated. how- ever. that the company will be able to earn sufficient at least to pay after de- preciation, depletion and taxes, the bond interest and whatever interest will be required on any security issued to take care of the arrears of bond in- tcrest. Failed to Stay to Support Alleged Gold Brick Case One of the difficulties met with by the reorganizers is that they have to deal with 21 Protective Committee on behalf of $1 million of '7 per cent. pre- ferred and $34.9 millions of 6 per cent. preferred which ex-pects far more in a reorganization plan than would have been the case two years or even a. year ago. Then there was no way of judg- ing as to the value of the company's assets because it was operating in an industry which was bankrupt and ae- cepting prices which gave it no chance to becoming solvent. That situation, is entirely changed, and it is understood that preferred shareholder representa- tives are insisting that assets of the company are worth much nearer book1 values than one would have believed!l possible even two years ago. As a result the preferred stock has gene up five points in the last two days of market trading and this is a reflec- tion of the hope of the new holders of the preferred that their interests will be recognized in the reorganization plan. On the other side some repre- sentatives of the bondholders are argu- ing that the newsprint industry has “the inherently unstable characteristics of an overcapacitated industry," and they argue that dividend payments on preferred may be delayed for years. Undoubtedly the stocks have been bought by the many people who have been willing to take long speculative chances. but these and the old holders are apparently ready and willing to fight any plan which does not give them the recognition which they think the stock is entitled to. If the plan were to rec3gnize the L‘resent market value of the preferred stc;k or even the peak of $80 a share shown earlier this year, that would al- low of from $7 millions to $14 millions being written off the assets of the com- The preferred shareholders argue that the industry may have been over- capacitated with reference to the low points of the depression years, but that if, is not cvercapacitated now and that it will nct be even at. the higher price of $50 a ton for newsprint. Brockvilie Recorder and Times:- There are many of the illustrious dead 01 Leeds and Grenville counties. former members of Parliamemt, merchant prin- tes, early captains of industry. physi- cians. lawyers and the like resting in plots which almost defy description The Chinese, we are informed, venerate their ancestors. Canadiam. on the other hand, apparently prefer to forget them -a.: least insofar as care of their graves is concernedâ€"until the times comes when they are interested in genealogy and desire to trace their {amiiy trees. THE PORCUPINE ADVANCE. TIMMINS. ONTARIO Could Not Lift Arms Above Head turn of my rheum The pains and : tism are frequent} uric acid in the Kruschen Salts a the dntemal organ activity. and help this excess uric aci Cobalt Lawyer Sues Town for Damages Geo. Mitchell Asserts that H is Loss was Serious, Be- cause of Cobalt’s Action. "About fifteen months rheumatism in my arms. be The pains in my arms an getting warm in brd were bearable. I was like th months. and could not teat made an alleged illegal seizure of his goods and chattels in February- last year to satisfy a claim. lfcr Itaxes. was given before Mr. Justice Jefl'rey in Supreme Court non-jury sittings at. Haileybury on Monday by George Mit- chell. K.C., who is suing the town for 310000. The municipality counter- claims for $506.58. alleged tax arrears. tism in her back. arms and legs. For two months. she endured this painful condition. then. like many another suf- ferer. she decided to try Kmschen Salts. Read her letter:â€" head. I read so m Salts that I thougr I am so glad to say inasme had dropped and $225 monthly to he had IssL old clic Owing to Painful Rheuma- tism. Plaintiff, who ha Cobalt. since 1907. s: ately following the he said, had recovered since. but through a new clientele Mitchell told the Judge he had no books and that other records were in court, the bench commenting this was “a strange way of keeping accounts." Admits Previous Seizure Under cross-examination by J. A. Legris, K.C., counsel for Cobalt. Mi-t- chell admitted a previous seizure some years ago, and also that last“, summer his domes-tic water supply had been cut Auto Body Works Is the best enm‘g‘y food you can eat. and it is not just a cheap means of satisfying hunger. it is the best known source of your greatest food needâ€"energy. ‘Try Albert’s Bread 'l‘oday’ 10 Pine St. S. Phone 1875 CHIMNEYS CLEANED 15 PINE STREET SOI'TH (Rear) G. DALGARNO NO MESS Acetylene Welding Glass Installed Auto Taps Recovered Duco Refinishing nally" when the town of C an alleged illegal seizure c and chattels in February to satisfy a claim. for taxes Albert’s Bakery ,-\ LBE RT’S SLICED Bread AUTO REPAIRS A. VERCIVAL Prevent Chimney Fires woman her ha Have your Heating Plant Cleaned the New “lay or. of Pine and 18. Specialists who has practised law in e 1907. swore that immedi- ving' the town's action, his { dropped from between $200 amth to about $75. and that L old clients. His business. had recovered since. but new clientele Mitchell told he had no books and that BAKESHOP PHONE 1675 3 mueh about Kruschen mght I would try them. say that for more than not had the slightest re- -umatism."~â€"¢Mrs.l HE. :d stiffness of rheuma- pntly due to deposits of he muscles and joints. ; assist in stimulating guns to healthy. regular elp them to get rid of id red from rheumn. ms and legs. F0: dured this painfu 3 ago I ha: back and legs and legs aftex 9 almost un- hat for two ach above my out Kruschen uld try them. 'or more than .» slightest re- â€"‘Mrs.) HE. m IlN-tm' NO DIRT had .|:Y|:.. ..L|L:|, of! by the town to en! m 0: rates. «Windsor Star) Just because we. only got 100 acorm from Wiindsor Great Park in England for the Ontario highways. it is no rea- son why we cannot go ahead and plant trees along the main routes. In fact. we have often wondered what happened to the various projects for tree-planting that have been suggested from time. to time. Some years ago Mr. E. Blake Winter was active in proposing an avenue oi trees from the junction of Number Three Highway clown Division Road to Kingsville. Still another much talked about scheme was planting trees along the highway from Devonshire Track at least to Walker Road. These. and a number of other plans were put for- ward at different times in the last, ten years. But the enthusiasm never lasted into the planting season. the trees and their beauty being all forgotten by the time the proper months had arrived. What if there are only 100 acorns from England. We have plenty of the oaks right in Ontario from which we can get trees to line the roads. And there are maples and elms and many other fine trees which will serve just as well. While there would he- senti- mental value to the avenue. grown from English acorns. we do not have to de- pend on such seed. had refused to. give up the house. and that copies of the been posted on the front, and of his home and in public 13 To his own counsel. w. C. Inc} plaintiff said he admitted 9mm produced by the mumcipality to be ‘30: rest. “as far as they go.’ but chime uslnws." Mitchell told Mr. Justice Jeffrey he had never appealed his assessments; to Mr. Lewis he said he had been town solicitor from time to time in Cobalt. and to Mr. Inch he swore he had never been served with a notice of seizure. had refused to. give up the keys of his Windsor Also Interested in the Idea of Tree-Planting No doubt the small tin of acorns will be taken as an excuse for forgetting all about the trees. But, the Essex County Rolls Net Rammed It developed through A. W. on. Cabal; town clerk. that. 11 :ayments m: redited. He 0 Cut Flowers 0 Potted Plants; Two Phones: 1520â€"15201} “’l‘) DELIVER May be Rented by Day or Month at Reasonable Rates. Three Star Hotel Maple St. N. Phone 1589 Licensed as a Standard Hotel under the Liquor Control Act. Reasonable Rates by the Day 01' Week. MOTHER’S DAY 1'1. Hot and Cold Running Water. KING EDWARD HOTEL Don’t Forget Flowers Roses A WA Y FROM HOME axes fc “SERVICE WITH A SMILE Northern Flower Shoppe W1] Third Ave. next to (.‘henier’s M. E. CHRISTOE ( prop.) Carnations FLOWER SHOP BUSINESS HIRECTRY T. N. 0. Station, Timmins W11 If A HOME toxm 18d 1 m the from and rear door: and in public places abou HOTEL ROOMS HOTEL ROOMS HOTEL 11 .0!‘ '11 A. W. Hat-ring that. the collec |e mymen I’E 1929 mm“ 1. but Mr lip 0‘ serv his hac Automobile Club has talked about a tree bordered highway for years. When- ever club members run out. of subjects for discussion. someone always dips into the cracker-barrel and hauls out. the trees. There is a lot of animated dis- cussion and the listeners can visualize bowling along the concrete road in the shade of majestic oaks or maples or elms. But. after the debate has sub- sided. the trees have shrunk in stature until they are not even gooseberry sided. the trees have until they are 1101 bushes. We've been t: for ten years c and plant a few Blairmore Enterprise : â€"-Af tel“ visiting all the stores in town on Saturday. a man ccmplamed that he was unable to get what. he wanted. He wanted credit. Phonv 1661 If you require any Heating. Plumb- ing or Sheet Metal Work. get in touch with us. You {will find our prices and service satisfactory. 6 Cedar St. N. Timmins Radio Laboratories '30 THIRD AVE. PHONI 0 l WSE A. Brazeau Ltd. LET US GIVE YOU Paper- Hanging CALLS FOR SCHUMACHER AND SOFT" PORCUPINE FACTORY EXPERT Radio Service Call . . 840 PROMPT]; Y ATTENDED T0 W'ILL BE GLADLY GIVEN TU R(j70’l‘TE’S RADIO REPAIRS A LL WORK CUA RA NTE El) J. RIMMER AN ESTIMATE PLUMBING ESTIMATES PLUMBING PAINTER Painting :alking or mm on any ["0 R. or Tbout the PHONE 840 Timmins l trees busy The condition of F: who was injured in an : dent, on the Hollingei' April 22nd. was reportm improved. For a. time ed that. Chalmers won 01' his right. leg: hc-wm been moved to a Tom treatment where hope compieto recovery. Frank Chalmers Taken to Hospital in Toronlu girls. Eleven of living. Huntingdon Gleaner: - N naym a peasan: wcx‘kzn' farm near Leningrad. h: birth to her eighth pair 0 TIMMINS DAIRY This; is the time of year to have your old furniture re-voverrd and made to look like new again. You will find our prices vrry reasonable. Tailored for your furniture, mu, 0“ 1,1 Spruce S. H Cedar St. .N' Hauling Call 647 NEW TRANSFER PHONE That's our motto. You van rest assured that. when your shoes are repaired here. you will get the best ohtainablv. THURSDAY. MAY 61"“. 1937 LOCA L AN I) LONG DISTANCE Third Ave-nuc- CAR SEATS At Reasonable Prices UPHOLSTE RI NH hlaranteed Work A'l‘ Reasonable Prices SHO E REPAIR SHOE REPAIR SLIP COVERS LESK EW’S CARIOCA TRANSFER CABINET SHOP Rebuilt, Repaired Re-covercd Here’s Health MILK 1f from 93-3 l] Timmins l)() 11 Timmins 'l‘im m i ns 1) iv