THE DAILY NEWS

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——[—$—$=$_£_£_£_£_ a ———=—=_—[==———_t ——

VOL. vil, NO. 4187.

 

PRINCE RUPERT, B. C., TUESDAY, JUNE 13, 1916.

PRICE FIVE CENTS

 

———

RUSSIAS MAY HAVE TAKEN CZERNOW

AUSTRIANS FAIL TO STEM ADVANCE -- THE ITALIANS MAKE PROGRESS IN TYROL

RUSSIANS ARE RUSSIANS AND
STILLGAININGON ITALIANS ARE
GALICIAN FRONT CO-OPERATING

Czernowitz May Now be in Russian
Hands—Austrians Fail to Stem
the Advance — Germans
May Attack Riga.

Austrians May be Caught—Aero-
plane Attack in Egypt—Ger-
mans Again repelled on
Verdun Front.

 

Special to The Dally News) (Special to The Daily News.
petrograd, June 13,—There is

Rome, June 13.—li is officially

a rumor that the Russians have | announced by the war office that}

upied Czernowitz, the capitalline [talians continue to advance

the Austrian crown land Offin the Arsa Valley; in the Pasubic |

Colop is given to the

Bukowina,. Posina-As-

by the capture by the Rus-

sector, and along the

tico line in the southern Tyrol. |
The

45,000

if Dobronovitz, a command- have withdrawn

|

Austrians

t ten miles to the morth- men and several batteries |

 

f Czernowitz. The Russian|of heavy guns from the Italian}

extends to Okna. Fromifront to try and stem the Russian |

both points the roads lead direct|)adyvance in Volhynia,
Czernowitz. -
Advance Continues. The Rupert Hotel bulletin says |

fhe Russian successes Con-/that the Austrians are caught in|

according to today’s oficial/a huge trap between the Italian|

ef Their success is surpris-jand Russian fronts, and that the)

ing as the Austrians, after the|new Italian attack was ert
first shock of the Russian advance | simultaneously with the new Rus-|
appeared to have rallied their)sian offensive.

Air Attack on Egypt. |

German |

forces and Lo have offered a stub-

esistance. | London, June 13.

On the Volhynian front, furious | aeroplanes bombarded the Egyp-|
character-|tian town of Katara, thirty miles]

Port

er attacks have

|
40 hours fighting but|}south of Said on the Suez}

Canal and fired on Romani with}

t the Austrians being able
was acne
nore than momentarily check|machine guns, The enemy planes |
the f{ » of the Russian advance.| were driven off by British aircraft.
It is believed that the Germans Verdun Front.
re not sending many troops to Paris, June 13.—The German

attacks on the French
is pointed! positions Fort
that the Verdun front last night failed

the |entirely. There are

Austrians in stemming the | infantry

offensive. It west of Vaux on

he military critics

vy , Gere
ne instance during heavy Ger

spec ar Russian campaign in) man bombardments north of Sou-

early |ville and Tavantes, while the are!
tillery attacks west of the Meuse |

Carpathians, in the

of the war, did Germany

da large men to} continue.

number of

the Austrians. Instead, it British Front.

ifigures showed a reduction of over}

 

QUEEN ALEXANDRA AT WESTMINSTER ABBEY
Queen Alexandra arriving at Westminster Abbey, where she is
The

being received by Dr. Ryle, Dean of Westminster. occasion

is the distribution of Maundy Money to the poor.

FRANCE AND BRITAIN
AGREE ON TACTICS

Courtesy Hotel Rupert.

General Joffre attended the Al-

ENORMOUS SAVING IN
CITY ADMINISTRATION]

Mayor McCaffery announced at

 

the council meeting last evening
that the
had been prepared and that the

estimates for the year

jlied conference in London, when

the French and British agreed

 

INSURANCE AND DUTY

At the council last night, Mayor
full
Vancouver,

McCaffery gave a report of
Victoria,
Toledo and New York, in connec-
|tion with the plaéing of the city’s

bond

his visit to

 

issue. Accompanying the

|report were letters from Spitzer,
| Rorick & Co., relating to the deal
land expressing satisfaction in the
| manner in which the business had
{been earried out.

| The
that
jcessity of his going to New York.
|Under the agreement entered into
he had to

mayor expressed surprise
some had criticised the ne-

deliver the bonds in
New York, and he was never ab-
solutely sure that the money was
the city’s until the deal was com-
pleted in New York.
there had been a saving effected
of $6,131 because of his being on
the market in New York instead
of in Prince Rupert, The expenses
of the trip had been
than covered by the saving made.

Incidentally,

fap more

The following is his report:
Dear Sirs:—I beg to submit for

your result of

|our mission to New York, to bring |

 

consideration the

|
labout the consummation of this
transaction.

| We signed and delivered $4,-

 

 

“MAYOR MCAFFERY EFFECTED
LARGE SAVING IN BOND ISSUE

| OVER SIX THOUSAND DOLLARS SAVED IN EXCHANGE, EXPRESS,

 

BY CLOSING TKE DEAL

IN NEW YORK—DETAILED REPORT
OF TRARSACTION

the saving on exchange and ac-
crued interest received on sale of
debentures and temporary notes.
This total
proceeds of $60,000.00, and rep-

leaves a balance on
resents the extra price for $800,-
000.00 temporary notes which
were sold at 95, pending the per-
manent sale of a like amount of
debentures placed in escrow with
the Bank of Montreal, New York.
This amount was placed on de-
Spitzer, Rorick Bank,
interest at 4 cent.

computed on

posit in
bearing per
minimum monthly
balance, to be paid back to Spitzer,
Rorick take
the debentures now in escrow, for
which they pay 87%, requiring,
therefore, $75.00 for each $1,000
debentures to reimburse the ex-
tra price now paid for temporary
notes. The interest earned while
this money is on deposit will be
a clear Saving to the cify, and is

& Company as they

brought about as follows:

Our total debenture
$1,616,000.00, which,
contract dated April 12th, was to
be finally sold at 87% This
would yield in cash/$1,414,000.00.
To facilitate the
agreed that part should be issued

issue was
under the

 

sale it was

$38,000 in the administration ex-jupon the tactics to be folowed 616,000.00 (4 to 30 years Serial [in temporary notes for which the

penses fop the year, as compared!/during the remainder of the war.|'Debentures, also $800,000.00 3_|bond dealers were to pay 95, and

|

with last year, while the saving|The meeting was marked by the year notes. $816,000.00 of these | 0M the permanent sale of the de-

in the operation of utilities would|most absolute’ understanding be-|debentures were delivered as per | bentures they take them up at

be $7,500, making a total saving|tween the military leaders of the
of over $46,000 for the year. two nations.

Bulgaria Bombarded.
that The Allied fleets are bombard-

would be 10 mills | ing the

was anticipated

As a consequence of the saving |
effected, it

the tax rate Bulgarian coast in the

contract with Messrs. Spitzer, |

| Rorick & Company at the pur-|

; kag

jchase’ price of 87% cents, the |
proceeds of which realized $71 4 |
‘000.00, the secured interest, $6,-|

187%

consequently, the city would

have to pay the bond dealer a
further discount of $7.50 for each
$100.00. This $60,000.00, there-

fore, represents the total discount

been the German practice to
take an offensive moyement
iL some other part of the line in

ndeavor to draw off the Rus-

Northern Front.
believed that the Germans
along

iLlempt an offensive

the rthern section of the Rus-

ut rather than risk weak-

thing theip lines by detaching any

humber of men

support the Austrian

defence
Phe number of prisoners now
laken by the Russians in this big
d movement is seventeen
hundred offieers and one hundred

' thirteen thousand men,

aaaaeee ee

WESTHOLME

OPERA HOUSE

TONIGHT ONLY

 

Jesse L. Lasky presents a notable
All-Star Caste in a picturization of
“THE CHORUS LADY”

By James Forbes.

\0 episode in the Hazards of Helen
Holmes in
“THE FATE OF NO. 1”
\

N ‘ly good pleture-—Flora Fineh in
A MISTAKE IN TYPESETTING”

By W. A, Tremayne,
r

vert nights

‘ay is the first of our National

fey June 28rd, Chaplin's
Dieture With his new company,

“THE FLOOR WALKER”

Poros
OOPORORPRO OOO OCOOODR IDIOT

 

 

from other |harest, the Rumanian capital, says

lagainst passenger

|

|
leross, or about 8% mills net. This |

June 13.—There has}
the

been a twenty-four hours lull on}

London,

lwould be the lowest rate in

history of the city.
| He thought it was an opportune

the council

the British lines, there being né

infantry attacks, Operations

time to congratulate

‘re confined to artillery and}
eere Someen , lupon the work accomplished dur-
mining. The most notable oc-| ‘ :
, jing six months in oflice, In ef-
currence on this portion of the ‘

fecting such a saving to the rate-
front is a heavy mutual bombard- |

ment Hill | payers
the bond saije he felt that the
Rumanian Frontier Closed. |
fmembers Oo

suter despateh from Buk-
A Reuter dest Peis a ee

and in the completing of

between 60 and Hooge.

the council had done

PUBLIC MEETING

that the Rumanian - Bulgarian

frontier will be temporarily closed

 

merchan-
that

and \ public meeting will be held in

Hall tonight at 8:30 to

discuss the Order

dise traffic, It is believed

tal rdor | the City
ste iis J) aken In orde
this step has been K rt roe
ake i nportant troop moye-
to make an imy Ottawa now enforced, which pre-
ment.

vents American fish buyers oper-

 

RED CROSS THANKS
Society wish to}
of the sum | to attend, as drastic measures

ating in Prince Rupert,

Every merchant and others in-

 

terested are earnestly requested

The Red Cross

acknowledge receipt
¢ $19.50 from the school child jmust be taken immediately to
0 Si.o 0

being from )prevent the loss of the fishing in-

ren’s picnic, $10,00 a
. i vane ustry to this city.

“Major Gibsons boal, the Nant y |“ istry y

Jane, and $9.50 from Dr. Tre-j; parE

CASE DISMISSED

Magistrate Carss dismissed the

mayne'’s Evelyn and H, FP, McRae’s

Kermac,

The society also. wishes to|case against George P. MeColl,
thank Gracy aehall and Nina/who was charged with contraven-
Dh siatian {wo little girls, for}tion of the Shops Act, The mag-
istrate held that there had been

e860 earned by the sale of flow- :
no breach of the bylaw, Even if
ers. the time stated by the complain-

SAFETY FIRST—USE NEW ant were correet, Mr, MeColl had

WELLINGTON COAL PHONE /done all in his power to live up

 

 

to the spirit of the law.
116.

 

Aegean Sea.

HOTEL-KEEPERS WANT

; 528.00, making a total of $720,-
1528.00. The remaining $800,000,- |NOW I escrow mM

1/00 were deposited in escrow with

ito be paid when the $800,000.00
York
\finally sold, It does not mean that

New

LICENSE FEE REDUCED (the Bank of Montreal, New York, | ‘he city is paying interest on this

A petition from the hotel-keep-|temporary motes, issued against |
ers of the city was presented to! these

the council last evening

that, in view of the

hours in which they

| .
pending surrender of three-year

asking | price of which was 95 cents, the
curtailed | proceeds of which amounted
could sell} $760,000.00, and accrued interes
liquor and the fact that so many|g2,266.67, making a total of $762,-
met had left the district, that the | 966.67

amount, it simply means that in-
betas a of getting $875.00 for each

debentures. the purchase [$1,000.00 bond, we are getting
$950.00. Until final sale of the

to |debentures any interest received
t| While this is on deposit in the city

means reduction in dis
The interest on $60,000.00

account

; making the total proceeds |COURt-

liquor license for the ensuing,of this sale and accrued interest computed monthly, will amount to

half-year be reduced to

The petition was signed by all|disposed of as follows:

the city hotel-keeners,

A, J. Prudhomme, speaking to
the petition, said that he thought
that the petition made the request
quite clear, The present fees had

been fixed at a time when

was a large amount of business
being done and when the city felt
entitled to charge the maximum
felt’ that

called for the

rate. He present con-
ditions
rate, especially in view of the fact
that the city was now so situated
financiaily that the couneil con-
templated a big reduction in taxes.
He pointed out that, so long as
the city was in financial difieul-
ties, the hotel-keepers had paid
the big

bul he

fees without a
felt that now that things
had been improved that they were
entitled to
The referred to the
finance committee for report,

murmur,

serious consideration,

matter was

there |

$150.) $1,462,794.67.

minimum |

exchange on May 19th for $4.67%

‘through the Equitable Trust Co.

 

$2,500.00 per Assuming

this stays on deposit for life of

This amount was year,

To liquidate the treasury cer-|temporary notes, namely three
tifiecate debt of £203,250, or $989,-| Years, the city would have re-

amount $7,500.00. It
was suggested by the bond dealers

duced this

150.00, in London. We purchased

London on May
$968.740.34,| were taken up and less temporary
ve yf * ’

for payment in that more permanent debentures

29th,

making a

depositing
profit’ of
This exchange was purchased at

$20,409.69, | motes. Seeing that this would be
a loss to the city we decided to
full of $800,-
000.00 temporary notes and take

advantage of the interest on ad-

issue the amount

2 points below market Guotations,

To liquidate our indebtedness
to the Bank of Montreal in Prince |@tional price, An escrow agree-
Rupert we remitted on May 49th ment was entered into with the
$425,600.00, for Bank of Montreal, and $800,000,00
we purchased (Continued on Page Two)

this

amount
3.16,
points below

which
exchange at
being 2

 

also

 

market quotation, and depositing
$424,802.00, making a
$798.00.

Again, on 20th we re- |
2

ao TO

LONDON CAFE

FOR THE BEST MEALS
STRICTLY UNION HOUSE
Hart Bik. Third Ave.

profit of

May
mitted to Prinee Rupert $29,-
252.36 at same rate of exchange,
making also a profit of $54.84 on

exchange, This amount represents BOXES FOR LADIES

 

 

ewe

 

 

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