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I will admit the market and w conditions haven‘t been very encoura ing, but for the past few years Ow to the restrictions of the Secur limes another is created. All the legisâ€" lation in the world would not protect some of the public, for they would put their money in anything they had heard a rumour on, without investigatâ€" ing the prospects. They learn when it is too late that there is no chance for them ; then they try to blame some one else. the prospec our mining ment is to has done it eliminating | knows that i limes anotht The prospector a is very successful, | as prospecting is h has nc other sour( the grubstaker and the ones that sho to get some of the cause they are the C creasing were no influence revived find an To the Editor of The Globe and Mai. It is my privilege to bring to your at tention something of vital importanc to the country. First of ‘fll, do not get the impres sion that I am criticizing the Govern ment or any one in particular for th legislation that has practically cripple the biggest chanc the bills to bring perty to the pla wish to invest. Commission, as to indefinite . pooling (and the prospector nearly "atways the of cash to be paid has scared capital a of thing, as no on( money out where t in the first place. a nite period of time he can seg@q chance The result is tha the Saturday Evening Post written by John D. Littlepage, an American enâ€" gineer, who spent several years in Rusâ€" sia. He says the communists decided to eliminate the prospector in 1929, as the ygung geologists and engineers would do better.. However, discoveries of new deposits dropped alarmingly and in his own words he says: "Prospectors, as any experienced gold mi{ning enâ€" gingeer will agree, have a nose for gold, and it soon became clear to the Gold Trust with all its equipment and newly trained engineers and geologists that they would not be able to fulfill inâ€" creasing production plans if prospecting were not improved. Then, through the influence of Stalin, the prospector was revived in 1933, and when he makes a find and the geologists‘ report is reâ€" ceived he obtains in cone stroke the equivalent of 100 years of hard work or 300,000 paper rubles." did not go out at all last year, and many have turned to other occupations. I would emphasize here that we must have the prospector if we are going to hold our place with the nations as a mineralâ€"producing country. I would like to to an article in the ESaturday Eve John D. Littlepa; gineer, who spent Letter From Port Arthur Touchkes on Present Situâ€" ation THURSDAY, JANUARY 27TH, 1938 N rospector Should _ |«.; Be Given Fair Deal Pelletier Hardware ROGERS RADIO 38 Third Ave. Liberal Allowance For Your Old Radic ‘ ' ® ‘. d l v T be Latest [)et'elopmenf in Rad:o Cabines> fll, 40 nol gti the impresâ€" j wiil na I am criticizing the Governâ€" ' of new ny one in particular for the| were lu: that has practically crippled | are nowv ctor and the development of | hausted iz resources.. The Gover®â€" | the futi ) be commended for what it will be in protecting the public and | coveries sEE THEM _ ON DISPLAY AT OUR STORE i prolecling the the boilerâ€"shops in correcting one T‘ sourc? ol Intomt. NowW er and the prospector are it should have a chance of their money back, beâ€" e the ones that have taken hance or gamble and paid ring the prospect or proâ€" ‘ where the public nas his l1 draw yout the Dec. 1 ning Post T st few years, oOowing of the Securjies raising capital, the of vendors‘ stocks and grubstaker are Â¥endors)! the ‘Tiinit by the underwriter iway from this sort wants to put hi e gamble is grea d such an indeéefi is required befor for any returns. Fui¢, URIt34 NC o have capital elihood and he income.. Now ny prospector a»s Every one evil someâ€" tention ssue of Phone 1425 Ol hi Reâ€"union in Toronto of Former Cobalters ‘‘~the time and so may respond to the invitation and thus the reâ€"union may be on a large scale. The plan of the reâ€"union this year is that the event will commence with a | short service. After the service there will be a social time during which all may renew old friendships and recall old days. Any in the North interested in this reâ€"union event may seture parâ€" ticulars by writing to Rev. Mr. Smith, 38 Rourtree avenue, Toronto.. Mrs. H. Stevens and Mr. H. G. Cherry, Cobalt, can also give the necessary information mitlt estét the in the matte: where five m in developmen been produced will happen | ada will producer of indus ths fot of Last year Rev. Fr verthorn United Ch Tcronto, held a for former Cobalt people himseif was a formst and with the affectio that most pBeople wt recall the ha sent out a 1 tions to a lis 40 responded Event of La: peated on ere rOn nV In( NO The invi confined hn € Port Arih 1 l A} ) North idents the N it eC pa VC dpoi ed, it is said herners have The ted, pa a spec 1C mprov closing Dal @11 repre st peopie wnhno It feel for the zht it would be reâ€"unicn of an hat they could ‘Thi No eFPV I think omp reseriing ippointed elected nvitations may be issued. ons this year are not being those now living in Toâ€" date of the event has been ‘tly because it is coincident ial railway excursion from nd it is believed that many " Cobalt and other centres th will be in Toronto at id so may respond to the ndad thus the reâ€"union may ippy limi ImN}ll NV1 iL a@ nation like Russia is iuch for her prospectors, ng is so important to her, put forth some effort to conditions in Canada. I would like to ask you If what would have hapâ€" iness in fhis district for vears if it had not been 16 OWarC v. Fred Smith, of Silâ€" d Church, Scott Road, i form of reâ€"union for jeople. Rev. Mr. Smith former Cobalt resident, fectionate remembrance evelopn more a of any former Cobalt could get together and days. Accordingly, he ed number of invitaâ€" names gathered, and ‘he event was considâ€" > success from every Revy. Mr. Smith is reâ€" i.~ Last year the Toâ€" nion was held in Febâ€" ir Sunday, Feb. 6th, i as the date. More eing issued this year. that fully 100 former > been invited already tions may be issued. his vear are not being ; Year to Be Re Larger Seale roduction â€" are exâ€" [ we could look into after the to be fin the dfd Timmins ind fiv mi have ever lived best old town," a nice thirg to WA n million has vourself what _years there es and disâ€" hing is done to the eas Geraldton was spen! velopment few who anced and ost inverâ€" Try The Advance Want Advertisements Despite the valiant efforits of the Larâ€" der Lake volunteer fire brigade, who promptly turned out to man the new engine, the flames, which were fanned by a wind which first blew from the south, then from the west, completely demolished the $45,000 structure, which had been modernized and greatly added It was the irony of fate that the fire brigade and equipment, established largely through Mr.; Grainger‘s efforts, should meet its first big test on his property. While it did ncot succseed, it was acknowledged that the brigad: saved the rest of the town from a genâ€" eral conflagration. to last year. JACKk MAthIieson, chief of Kirkland Lake, made a dasihi through the storm to assz« i local volunteers, whose P °y M..well, was out of town on bvs. _ .s. Engineecr Ac/â€" quickly William hotel cnginceer, was the first to not... the flames. He first Trang in a arm, aroused the sleepers ur .airs, and immediately put the _mergeicy house pump going, but by that times the flames had already gained great headway. By 4.30 p.m. nothing was left standing but the chim®ey. The building was of frame construction, stuccoed, and had 26 bedâ€" rooms. A small warehouse a few feet from the main building, containing supplies, was saved, together with a number of adjoining buildings, including that of Dr. Murphy. While their efforts <~were futile in actually extinguishing the fire, so fast did. it spread through the building, praise was given to the work of the volunteer fire department by members of the community for saving the rest of the town. The new equipment workâ€" ed to perfection and the compact and efficient fire pump functioned perfecily. It ran without any trouble all afterâ€" noon and well in the night as volunâ€" teers searched for stillâ€"burning embers. Cirka in Charge In the absence of Chief Roy Maxwell, Barney Cirka took charge of operations until Fire Chief Mathieson â€" arrived from Kirkland Lake. The volunteers had the hose ready for action within fifteen minutes of the time of the alarm. as the fighting progressed and an °exâ€" tra hose was also cut in. Credit was given to Mrs. Bonnier, Larder Lake telephone operator, for speed in calling cut the voluniser fire department. Mrs. Bonnier put through calls to all the men in record time and advised other men of the communâ€" itv of the danger also. out | stocre and over in the snow as the small hose leaped and writhed under the strain. They managed to hang on and bring the snaking tube under control after shooting water in all directions for some minutes. Pressure was cut down Big Hotel at Larder Lake Burned Down Eleven men who were in the beverage room made a quick exit, and turned in to help the firemen. The ladies‘ bevâ€" erage room was unoccupied. The 10 to 15 men who were holding the nozzle of the one hose when the pressure was first turned. on we‘s thrown to the ground and tossed over In Monday‘s issue of The Advance the first news was published of the serious fire at Larder Lake that afterâ€" noon. The fire was in the big Lake Shore hotel and at the time of publiâ€" Seven people were in the upstairs rcoms, including the chef and his wife, Gordon Finlayson, a miner from Oimeâ€" ga, John Martin, assayer, and Jack Phillips, the night clerk. Occupants of adjoining buildings in several cases started to get their furniâ€" ture and belongings out, in the midst ofi the snowstorm which was raging, and which had the beneficial of curbing flying sparks and embers to some extent. Among residents of the hotel who were out at the time and lost all their personal belongings were Roy Crooks, Miss Kay Kirkpatrick, Mr. and Myrs. Robertson and Joe Marceau, oldâ€"time prospector of the district. Miss Grainâ€" ger, sister of the proprietor, and day clerk, managed to save a suitcase with some belongings, but everything else in the hotel was lost. When the wind changed to the west the residence of Mrs. A. McKay stood in the path of the flames, but it was saved. While the fire threatened it, some of the furniture in the McKay house was moved to a small storage shack some distance away. About 6.30 fire broke out in the shack, destroying most of the contents, which had been stored there, before it was brought under control. It was thought sparks had been carried in on the articles taken there. ; Alton Rest of Town has Narrow | Ashic Escape from Fire. $40,000 | Bret: Loss. Snow Storm Helped ‘ / y c M Tathieson, it THE PORCUPINE ADVANCE, TIMMINS, ONTARIO Granada Gunnar Hardrock Hollinger Howey Hudson Bay International Nickel Jackson Manion Kerr Addison Kirkland Lake Lebel Oro Leitch Lake Shore Lee Gold Little Long Lac Macassa McLeod Cock.,huh Manitoba and East Mcintyre McKenzie Red Lake McVittie Graham McWatters Mining Corporation Moneta Naybceb Nipissing Noranda O‘Brien Omega Pamour St. Anthony Sullivan Cot Sudbury Ba Stadacona Sylvanite Siscoe Teck HMughe Toburn . Ventures "Wright Har Bidgood Bobjo Bralorne Buffalo Aukerite Canadian Malarti Castle Tretheway Paymaster Pickle Crow Pioneer Preston East Dome Premier Read Authier Reno San Antonio Red Lake Goldshot Sherritt Gordon Goldal« m( Coniaurum Con. Chibo Darkwater Dome Eldorado Falcontbtrid: the effect that the fam International Bridge at is in extreme danger a. constant hammering by was a resident some years ayo DNDCciOL ner husband died. The funeral wi take place on Saturday from Hunkin funeral parlours at 2 p.m. International Bridge at Niagara Falls Threatened had had DEATH OF JOHN T. OCCONNOR PIONEER OF SUDBURY AREA 111 tw MRS. CHAPMAN DIED AT sOUTH PORCUPINE THIS MORNING _ Toâ€"day‘s Stocks | HON. G. HOWARD FERGUSON who addressed the Annual Mestin: of The Crown Life Insurance Com pany reviewing the outstanding pro gress made by the Company durin: gress ma 1937 ‘rown Life President Hargreavt idvices this afternoon are to that the famous Falls View it Listed Niagara Falls the result of reat itce flows falls on Wedâ€" 1.31 14.00 18.00 1,.90 1,45 13‘ 92 34 .50 4 00 J 4 1.05 1;3"} 3.00 5 40 2.80 6,60 7.80 49 | 1.3"7 | 1.48 91 10 37 10 0( e % * Second Event of Concert | Association on Feb. 8sth m n mm e m mm mm mm o omm omm bmemn n m n s > on the instalment plan. . The fact is that if a motorist cannot afford to buy a license outright, then he should not be driving a car. Moreover, it is time that every car owner was compelled to carry liability insurance. There have been too many accidents in which the victims were unable to collect for damâ€" age done"‘to their vehicles or persons by reason of the nonâ€"responsibility of the offending driver. W ork to Start Soon on North Whitney The A.Y.P.A. held a meeting in the parish hall on Wednesday evening, opening with hymn and prayer. Two new members joined the club, Miss Helen MacNamara and Mr. Bruce Pritâ€" chard, after which a singâ€"song was enâ€" joved by all the members present. The meeting next week will be in the form of a ‘"superstition night," with Mr. Reg Fisher acting as convenor. The Keora and South Keora properâ€" ties have been taken over by the Whitney, the new company to be known as the North Whitney Mines. A strong company of United States capitalists are in the new company and plans are to develop the holdings to production. It is understood that $50,000 is availâ€" able for preliminary work to start at once. The shaft will be dewatered and other preliminary work undertaken at once. A contract has been let for diaâ€" mond dGdrilling. Max Ryan being aâ€" warded the contract. He wili start the drilling as soon as he can get in to the The second concert for this season of the Porcupine Concert Assoclation will be held in the Empire theatre Tuesday evering, Feb. 8th. at 8.30 p.m., presentâ€" Sault Daily Star: Strange things hapâ€" pen at times to men who go down to the seaâ€"or the Great Lakesâ€"in ships. One lake mariner told us the other day that during the 1937 season the magneâ€" tic compasses frequently acted up, causâ€" ing some difficulty n navigating. And the reason, he said, was sun spots. He had. he said, observed the deviations himsel{ and it was for this reason that he advocated the more general use of the gyroâ€"compass, which he considers to be more accurate. Not that he would abandon the «nagnetic compass. He‘d use ‘em both. Steering a motor car even in heavy traffic would scem to be simpler, after all. A.Y.P.A. Next Week to Hold "Supersition" Evening Globe and Mail: It is hoped that public confidence in horse racing will be restored by the appointment of a Commission. But what the racegoers want more than anything else is better male couldn‘t even at the : St. Mary‘s Journalâ€"Argus: Canadian Nurses have a high reputation abroad as well as at home. South Africa has sent to Canada for trained nurses to staff its new model hosplital at Cape Town. We are proud of the fact that one of the Nurses selected is Fjuth Webb, RN. of Granton, whose family have contributed to good citizenship in this neighbourhood for the past three cenerations. Simcoe Reformer: The suggestion is made that although car licenses have been materially reduced in price, motorâ€" ists should be permitted to buy them on the instalment plan. . The fact is that if a motorist cannot afford to buy a license outright, then he should not be driving a car. Morgover, it is time that every car owner was compelled to Huntingdon Gleaner: Mistress: "I can write my name in the dust of the piano keys." Servant: "Lor, mum, ain‘t eduâ€" cation a wonderful thing!" OCCL Plan to Spend $50,000 for Preliminary Work. ing Kenneth Sakos, with Gwendoly Williams, accompanist, asked: "Wilt t she blurted ou Sudbury Star: The announced disâ€" covery of a tin deposit in Northern Ontario may be accepted with reserve. It cannot, however, be regarded as enâ€" tirely impossible. A noted chemist at Toronto University asserts it would not property Highâ€"Grade Samples From Week‘s Run of the Press surprise him if some d mining diamonds. General Manager of The Crown Life Insurance Company, who reported an increase of 18 millions of insurâ€" ance in force. the largest in the Company‘s history. Crown Life Manager s soon as he can g with his equipmen Journa nal:â€"The dominating feâ€" restrain her authority altar. When the parson thou have this woman?" it :="He a V Canada is private citizen and as a great puolic figure. By any test he was outstanding" Commenting on his own appointment to the presidency of the Crown Life, Mr. Ferguson said: "To one like myself, engaged the greater part of his life in public affairs, it is an interesting and stimulating experience." > "The life insurance companjes," said Mr. Ferguson, ‘"‘are great resorvoirs of the nations thrift. Their assets are the property of the multitude of citizens who comprise their membership. Their investment activity is widespread and lends strength to all phases of the naâ€" tional economy." Hon. G. Howard Ferguson, president of the Crown Life Insurance Company, in delivering his first official address, at the antiual meeting in Torounto this week, paid eloquent tribute to the meimâ€" oyy of The Rt. Hon, Sir Robert L, Borâ€" dcn, late president of the Company who died last year. "It was my great priviâ€" lege" said Mr. Ferguson. "to know him intimately for many years, both as a private citizen and as a great public figure. By any test he was outstanding" Commenting on his own appointment to the presidency of the Crown Life, Mr. Ferguson said: "To one like myself, Mr. Ferguson discussed briefly the highly successful 1937 year of the Comâ€" pany. In relating the achievement of the Crown life to natianal affairs, he said : "Wo are extremely fortiunate in havyâ€" ing so well survived the unparalleled depression that has smitten the world, and has poerhaps most seriously affected countries with whom we are most closely aliied in many respects. I think it can be said that this happy position is not the result of accident, but is due to the sound fundamental basis not only of ciur political structure but: of our great financial organizations which have supported us during the long and trying years of our country‘s developâ€" prosperity." Dealing with the annual report preâ€" sented at the meeting. Mr. Ferguson pointed to the breaking of several reâ€" cords. Insurance in force increased more than 18 millions in 1937, the gain of more than 10% being the largest in the Company‘s history. ‘Total insurance in force was $188,299,886 at the close of 193‘ . Assets increased over 135 to $30,.771.. 877. the gain of $3,578,999 establishing a record for the Company. Reéeserves for all policy liabilities gained more than 13% amounting to $27,167,872, compared with $23,920,561 in 1936. "The average rate of interest realized on investments, 5.17% is extremely gratifying in these days of abnormally low investment rates," said Mr. Perguâ€" son. Crown Life Makes Records for 1937 Describing the record of the mortâ€" gage department as almost perfect, Mr. Ferguson said: "In each of the past four years, more interest has been reâ€" ceived in cash that fell due on the Comâ€" pany‘s mortgages, with the result that the amount of interest overdue has been reduced to an extremely low figure." Every branchof the company, he added has given a good account of itself in the past year. The Company‘s report. presented by the general manager, H. R, Stephenson shows premiums received in cash were $6,619,010 in 1937. Investment income vas $1,36,185, and deposits of $37,789 in the staff pension fund brought total cash income to $8,012,984. Death and disability claims paid amounted to $910,025. Payments in settlement of matured and surrendered policies were $1,110,292; cash dividends to policyholders $258,668; annuity and other payments $303,669. making total net payments to policyholders of $2,â€" 582.654. »uUrpMis IrOom Ul was $597.937, of whti plied to policyholder $26,056 was written off ledger assets and | that $111,391 was applied as a special addiâ€" | sale c tion to policyholders‘ reserve. The baâ€" | under lance of $175,1775 was added to the frge ) mert surplus which now stands at $1.483.912 Th the highest in the Company‘s history. comp: The analysis of assets sh proximately half of the in Company‘s investments in its holdings of governmen Insurance in Force Gains Eighteen Millions. Largâ€" est in Company‘s History. STOCK BROKERS Timmins, 19 Pine Street North Toronto Kirkland Lake 293 Bavy Street 34 Government Rd. Doherty Roadhouse Co. cyvholders and shareholders, written off ledger assets and Market Quotations broadcast each d the year‘s operation which $284,745 was ap Direct private wires for fast and aceurâ€" ate quotations and executions in all Avcurate Markets and Executions in Commision basis only Local Phones 1200 and 1201 Membert fFforonto stoock Exchange shows that ap increase of th in 1937 was i ent and muni Unlisted Stocks Mining Stocks Industrial and Public Utility Stocks Bonds endered vidends ity and nz total and 5.230 p.m, the 111 son. Ottawa cipal bonds, the other ha tributed among public utili trial bonds, mortgages a! and common stocks. Of total assets, government and munâ€" icipal bonds make ‘up 34‘ and mortâ€" gages on real estate 32%, Public utility and industrial bonds represent 9% of the total and preferred and common stocks 5%. ‘The board of directors,. reâ€"elected at the meeting is: Hon. G. H. FPerguson, P.C., KGCQ., LL.D.; ~C.â€"W. Somers, ‘Poâ€" ronto; H. D. Burns, Toronto; F®. Erichâ€" sen Brown, K.C., Toronto; G. A. Morâ€" son, Havana; W. R. Morson, Toronto; His Honour The Hon, E. L, Patenaude, P.C., KC., LL.D.; Quebec; P ~R. MclD. Russell, K C‘, Vancouver; G. O, Somers, Toronto; H. R. Stephenson, Toronto, W. F. Watkins, Toronto and N. F. Wilâ€" Abitibt Power Case to be Reâ€"opened Now Premier Indicates Action to Cut Corporation T: (From Toronto Telegram) Possibly because he thought Scotsâ€" men might best appreciate the econoâ€" mic soundness of his proposal, Premier Mitchell Hepburn chose the occasion of a visit of Scottish curlers to Queen‘s Park toâ€"day to indicate that he hopes eventually to reduce substantially or even remove the Corporation‘s tax. The Premier, with members of his cabinet who are of Scottish descent, reâ€" ceived the visiting curlers from the Royal Caledonian Curling Club in the cabinet chambers and, in the course of a review of Ontario affairs, he referred to the fact that the province derived a considerable part of its revenues from corporation taxes. "It is an unsound tax economically, since it imposes a tax on capital wheâ€" ther or not that capital is earning A profit," he said. "I am hoping that at some time we will be able to reduce that tax substantially or even remove »©DoOKesman i0 (ntQ ©COULISN _ lL2eEalll was its captain, William Henderson, and with the premier when ho received them were: Hon. T. B. McQuesten, minâ€" ister of highways; Hon. Colin Campâ€" bell, minister of public works; Hon. Dr. Leonard Simpson, minister of education and E. M. Strachan, chief Liberal whip of the Legislature. As he described the visit of the curlâ€" ers as the sort of friendliness which promoted better relations between the democracies of the world, Mr. Hepburn reminded them that on the FPacific ecoast Canada was concerned with deâ€" fence problems for the first time since the Great War. "It is essential at such tim( mocracies closer tog mocracies of the closer together," The premicr that Ontario ha ernment‘s resist C.I.C. invasion." "We see now that States the result of Le been to raise produ«( point where the Unite its world markets. O living conditions brou; est possible point, bu that purpose if we Bondholde: Given Le mert Act. 1935 The act did not apply to insolvent companles, Mr, Justice McTague ruled. The Abitibi Comp any has been in reâ€" ceivership more than five years. for â€"reor bondholders‘ sponsors of Ablitibi Pow« He A { Th E. the reor O ay alt 12.20 noon O 17@ ince Want Advrertisements rep AI s‘ Committee is ave to Appeal. that on the FPacific is concerned with deâ€" or the first time since O "It is essential at is that the great deâ€" world should be drawn hnd( K 6 the TX at in the United Lewis‘ activities has duction costs to a States is losing Over here we want ‘ought to their highâ€" but we cnly defeat ve raise production . where we cannot he Scolttish â€"team /illiam â€" Henderson, r when ho received B. McQuesten, minâ€" Hon. Colin Campâ€" tax economically, ix on capital wheâ€" pital is earning im hoping that at be able to reduce ly or even T o1 of bondhoiders plan, submitted New York, and and attendant t be carried out licature Amendâ€" half being disâ€" ility and indusâ€" and preferred d the visitons ed by his govâ€" f â€" the "LCcwis 91 Mr. Justict mmittee, plan for 0 appeal the deal,