THE DAILY NEWS Fuk LEADING NEWSPAPER IN NORTHERN BRITISH COLUMBIA Published Daily and Weekly by THE PRINCE RUPERT PUBLISHING CO. — PRINCE RUPERT, B.C. SUBSCRIPTION RATES—To Canada, or $5.00 per year, All Other Countries: Daily, 50¢ per month, $2.00 per year. Weekly, $2.50 per year, strictly in advance. TRANSIENT DISPLAY ADVERTISING—50 cents per inch. Contract rates on application. HEAD OFFICE Daily News Building, Third Ave., Prince Rupert, B.C. Telephone 98. BRANCH OFFIORS AND AGENCIES New York—National Newspaper Bureau, 219 Bast 23rd St., York City. Seattle—Puget Sound News Co. United States and Mexico: in advance. Daily, $8.00 per year. Weekly, New London, England—The Clougher Syndicate, Grand Trunk Building, Trafalgar Square. Subscribers will greatly oblige by promptly calling up Phone 98 in case of non-delivery or inattention on the part of The News carriers. DAILY EDITION RIGHTS OF CAPITAL The famous case respecting the disputed bond money in connection with the Alberta and Great Waterways Railway has come to an end, The Privy Council last week gave judg- ment in favor of the Royal Bank of Canada and the Rail- way against the province of Alberta. It is interesting to review briefly the history of the maiter, the beginning of which dates back to 1909. An issue of $7,400,000 5 per cent. fifty-year first mortgage bonds of the Alberta and Great Waterways Railway, guaran- teed by the provincial govern- ment, was made in London at 110 by Messrs. J. 8. Morgan & Company, in December, 1909. The proceeds were placed on deposit in three Canadian banks. The route and length of the road were: Edmonton, north-east of Arthabasca Riv- er to Fort MeMurray, 350 mi- les. The government pressed the railroad agreement, a cri- sis occurred, and the provin- cial cabinet was dissolved. A royal commission was ap- pointed to investigate the deal. Their report was of little val- ue, material witnesses not hav ing been summoned to evidence. The provincial go- vernment cancelled the rail- road agreement, alleging that the company had _ defaulted bond interest. The provincial government sought the pro- ceeds of the bond sale from the banks which had the mon- ey on deposit. The banks re- fused to hand it over without an order of court. The provincial government commenced action against the company for the money, and judicial decision was made in favor of the province. An ap- peal was lodged. The Supreme Court of Alberta, in April, 1912 give dsemiteces the appeal Saturday, Feb. 22, 1913. of the Royal Bank from the decision rendered in the the An appeal was Privy Council, lower court. then which has made to just rendered judgment in fa- vor of the bank and the rail- way. The Monetar ated some tim y Times intim- e ago that the English bond holders were not likely to view with equanimity the proposal of Premier ton of Alberta, channels money to us Sif. e in other subscribed specifically to build a railroad, In their judgn Council state that London remitte vent, ad the Privy “Lenders in their money to New York to be applied to carrying out a certain seheme -The money claimed in the action was paid to the bank as one of those designat- ed to act in carrying out the scheme. The special account was opened at the bank solely for the purpose of the scheme, and when the ac- tion of the Alberta government in 1910 altered its conditions, the lenders in London were en- titled to claim from the bank the money which they had ad- vanced solely for the purpose which had One of the lessons our some learned . by governments, have shown a plant the rights of capital, ceased to exist.” to be provincial of which slight inclina- tion to allow politics to sup- is that the rights of the investor in Canada must be respected at all costs, even at the sacri- fice of Bank, the final congratulated politic 5s. in The in fighting this case to tribunal, having had Royal must be that principle endorsed by the highest judicia the world. we think the 1 aut entire hority in At the same time, incident proves the value of Canada’s right to submit its cases to the where political and local bias hav eno sway or consideration whatever. Privy Council, “FROM HOME TO HOME.” HOTEL ELYSIUM Sid. Sykes, Manager The Finest, Newest and Most Up-to-date Hotel in Vancouver. Excellent Cafe. 1142 Pender Street West Moderate Prices, Phone 8500, Vancouver, B.C. STATE OF WASHINGTON The following comparison of prices of foodstuffs in the state of Washington and in-the cily of Vancouver appeared in a recent issue of the Vancouver Sun, To the man who has a family to sup port the comparison is interest- ing and must convince him that reciprocity between Canada and the United States would at least tend to materially reduce the cost of living in British Colum- bia: ’ “British Columbia farmers de- olare, that with the prices they receive for their produce they are not in any better position now than they were ten or fif- teen years ago, yet the consumer peys more—much more, for his foodstuffs than he did formerly. Whefe then does the difference go? “If,” said a gentleman in dis- cussing the question yesterday, ‘the cost of produce to the con- sumer in British Columbia higher, then the cost of raising a hen or rearing a calf must be above that on the United States side of the border, and the line is not then an imaginary one, but a definite mark between the two countries. “According to the market quo- tations at Tacoma, Washington, on February 11, eggs, strictly fresh, sold at from 26c¢ to 28¢ per dozen, while the Vancouver report for that day quotes local new laid eggs at 60c and 65¢ per dozen. It may be argued that weather conditions here were re- sponsible for a shortage of eggs but in regard to the hens them- selves there is a vast difference in the values between the two places. 4 Comparison in Chickens “At Tacoma chickens sold at from 20c¢ to 25c, Vancouver pri- ces were 30c and 40c. Squabs quoted at the local market at from 50c to 55e, sold in the sound city at 20c; ducks brought 30c in Vancouver and 10¢ less in Tacoma. “Potatoes in British Columbia went for from 80c to $1.10, while the American tuber was quoted at from 65e¢ to 80c per ewl. “So through almost the entire list the prices are lower on the American side than in Vancou- ver, the only striking difference in favor of this city being in the price of halibut, which quoted here at 12%c, sold at Tacoma for 18c. Salmon, however, shows in favor of the Sound city. “This question of salmon is a peculiar one and often gives rise to thé supposition that there is a trust which has the country at its merey; for British Columbia canned salmon can be purchased as cheaply in London, England, as in British Columbia.” As Cheap in Europe. Several merchants who have done business in the Motherland before coming to Canada, ques- tioned as to the truth of the as- sertion that salmon caught in this country and shipped 6,000 miles could be bought for the same price as in British Colum- bia, asserted that such was the ease. One of them, a Georgia street groceryman, drew atten.. tion to other odd differences in the prices paid in this province and elsewhere. “Before coming to Vancouver,” he said, “I was in the United States and many British mant- is factured articles can be bought —— THE DAILY NEWS WOULD RECIPROCITY REDUCE THE HIGH COST OF LIVING? INTERESTING COMPARISON 0 OF PRICES OF FOODSTUFFS IN AND IN BRITISH COLUM- there for less than in British Co- lumbia. Take, for instance, the tobacco IT smoke. Mixed and put up in Great Britain, it can be bought for 60 cents per pound in Seattle than in Van- couver. “Why manded, This same question is being hopelessly asked by thousands of people in British Columbia day, and no satisfactory answer has been given for the increase in the cost of living. The con- sumer blames the retailer with whom he comes in contact. He in turn says that if any profit is being made it is by the whole- saler, and he in turn lays the onus on the manufacturer, who shifts the blame on to the labor- er, who, has forced the price of wages up to such an ex- tent that all must suffer. Wages About Equal. less should it be?” he de- to- he says, It. is stated by workingmen that British Columbia wages are in nearly all trades on the same scale as those in the State of Washington, where living is cheaper, and in some instances, such as to coal miners, the American workman receives more than does his fellow laborer on this side of the line. In lines where the workers are not or- ganized there has been practic- ally little if any advancement in | the rate of pay for the last ten years. ' “What can I save?" wearily | asked a young man, tioned as to his economie tion and that of his fellow work- | ers. “Figure it out for yourself. I have a wife and two children. I receive on an average $80 per | gro-| month, Rent takes 825; ceries, meat, ete., $30; light, $1.25; fuel, 87.50; carfare, 86.) That totals $68.75! leaving a| balance of $11.25, out of which| to provide clothes, pay insurance, doctor’s bills and what little recreation we get. “You see, at that,’ he con- tinued, “there is no extravagance My office is tgo far to walk to and from work, so the cars must be utilized. My wife comes down town occasionally to if she can buy to advantage, and she too uses the cars as she cannot walk and carry the baby, and by the end of the month there is nothing left.” t see 1836 THE BANK OF 1912 British North America 76 YEARS IN BUSINESS CAPITAL AND RESERVE OVER $7,500,000 A Complete Banking Service Collections made in any part of Canada. Negotiabie paper discounted. Money advanced at reason- able terms to finance your business. Local and Foreign Drafts bought and sold. Money transmitted by Money Order or Telegraph transfer. Letters of Credit issued payable in all the leading cities of the world. We invite your account, ‘Prince Rupert Branch, F. S. LONG, Manager. ———————— | RITOHIE NAMES HIS NEXT OPPONENT Find it through a Daily News Want Ad. It will pay money from the the Hughes sale Monday and Everything goes H. 8. Wallace you to draw bank and of dry goods « following Go., Ltd. 45 price, Forty years in use, years standard, prescribed Women's Ailments, Female Pills, at your druggist. The Daily News has the est circulation in Northern B.C, New York, Feb i9-—Light weight champion Willie Riteht made the following statement!) here today “fam under contract for thea trical engagements aceupyile my time up to May at least, After that IT am booked for England If I ever fight again [I want to meet these men in the = order named: Wolgast, McFarland, Freddie Welch and Joe Rivers ho attend] days regardless of} twenty. and | recommended by physicians. For Dr. Martel’s larg- | | No. @ leaves Tia a mi bs XL \c ror Port Simpson, Granby Bay, Stewart, Naas, 11 & Mm, Jan, & bth, a, March Sth jon, ror Masset and Naden Harbor, ™m., Jan. 10th, g4th. Per For Skidegate, a. Nine with the excursions 5.5. PRINCE RUPERT (tt leaves for Vancouver, Victoria Aliford Ba Jan, 12th, Grand Trunk Railway System month excursion rates in effect. Agency fer all Atlantic Steamehip Lines. Fo: ali information apply to er Saturday, Februa; : and Seattle FRIDAYS, 9 A. M. “PRINCE JOHN” ware 7th, @ist and other Queen Charlotte tetand rt 6th, Feb. Oth, 23rd, March 9th, 930d T. P. RAILWAY PASSENGER seAvice Prince Rupert 10 a. m Wednesday and sat (The Deubie Track Route) Choice of routes to Chicago and fast trains of the Grand Trunk Rai) eet w ‘ ay stem A. E. MOMASTER, jeneral Agent, Cenc Street | B.C. COAST STEAMSHIP SERvics || S. 8S. PRINCESS BEATRICE Southbound—Sat., Feb. 22nd, 8 p.m. ani | J. @. MoNAB, General Agent i THE IROQUOIS POOL FAMOUS eee SAFETY English and American arde PRINCESS \ieguiaeuauy SPEED | "sive Table POND Avy | une ‘Qa service |) — , 4 Empress Bowling “Ales | AND POOL ROOM 4 ALLGYs 12 TABLES } Best Fitted Most Luxurious og Coast H. E ROSS, Prep. Ord Ave. CIGARS :: TOBACCOS :: FRU Little’s NEWS Agency Magazines :: Periodicals :: ae nm UNION $s. COMPANY OF 8B. C., Ltd 2nd Ave. Below Kaien tsiand pi when ques- posi- | 2) DEMAND Roya RESERVE WHISKY. ee YEARS ne Govenn BY r VERNMENT ANADA. ‘Gece FOR Tne INVALID Tne Home Tne Connoisseur Tne Pusuic who naturally want the besf. Ace, Purity ano MELLOWNESS UNSURPASSED. DISTRIBUTORS \ Canadian | A PRINCE RUPERT, B.C. ‘PRINCE RUPERT INN AND ANNEX | Owned and operated by the Grand Trunk Pacific Railway on the American and European plan. Exceilently furnished, with steam heat, electric light, and all modern conveniences, being abso- lutely first-class in every respect. The appointments and service are equal to any hotel on the coast. - Rae: $1 to $3.50 per dy. G. A. Sweet, Manager. Prince Rupert Importing Co., Ltd | The Twin Screw Steamer “Venture” Arrives from Vancouver Every MONDAY NIGHT CARTAGE and LINDSAY STORAGE G. T. P. Transfer Agents Orders promptly filled = Prices reasonabie, | OF FICE Il. B. Rochester, Centre St. Phone COAL New Wellington Ceal. Best on the Salis for Port Simpson, Naas River Points Coast and Granby Bay Tuesdays, 8 a. m. Phone 116 Rogers & Black Salle for Vancouver a WEDNESDAYS, 2 P. Mm. Rogers Steamship Agency Phone Firet Avenue Sawmill made at short Like Little George, He Could Not Tell a . Lie Westholme Lumber Co. —LIMITED— Lumber and Mouldings All Kinds of Building Supplies Georgetown A large stock of dry finish- ing lumber on hand. Boat lumber a oe Delivery \ our prices are as low a8 any. Call on us before ordering. OFFICE: EMPRESS THEATRE BLOG. Cor. 6th St. and 2nd Ave. SMITH & MALLETT THIRD AVE Plumbing, Heating, Steam fitting and Sheet Meta! Work OBes: Ord Ave. Workshop Phone 114 2nd Ave. bet. 7th and &> Su 116 ‘Valhalla’ of S.H. & EF. (BCANDINANIAN SocreTy Meets every 2nd and 4th p.m. in the hall at 319 Srd Ave D. C. STUART Accountant 308 2nd Ave. Phone 200 Auditor for the City of Prince Rupet PRINCE RUPERT. B. © Alex. @. Manson, GB. A. W. ©. Williams, 8 A, LL WILLIAMS & MANSON Barristers, Solicitors, Etc. Box 286 Prince Rupert, & ¢ Phone 186 Heigereon Biock P.O. BOX @ PRINCE RUPERT JOHN E. DAVEY TEACHER OF SINGING CUPHL OF WM. FOKON, RBG, A.BA.M. [ON OF Co. Lid. — HAYNER BROS. UNDERTAKERS anv EMBALMERS funeral Directors Phone * No Srd Ave. near 6th St. E. L. FISHER Funeral Director and Embdaimer CHARGES REASONABLE 2nd Bt., cor. 2nd Ave. Phone 366 OPEN DAY AND NiOHT —Drawn fer The Dally News by “Hor” SOM -OU TAKE THIS AKE AND SYART CHOPPING Down THAT CHERRY TREE - IF YouR Dap SOMES OUT—NOU SAY FATHER 1 C) 1413 ; (rer, = SND Tuesday at8,