lAGE
TWO
A
Good
Pippetne
deserves
food
at
it
best,
and
here
a
dnh
of
Colsian't
Mustard,
freshly
mixed,
helps
wonderfully.
Doiiblv
desirable
for
its
own
flavour
and
for
iU
faculty
fcf
brinprrg
out
the
true
savour
of
aids
A
The
Daily
News
PRINCE
RUPERT
luster
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in
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-
86
.16
Friday,
Oct.
21,
1927
CHANCELLOR
OF
THE
DUCHY
OF
INCASTER
Yesterday
the
despatches
told
of
the
appointment
of
Ronald
F.
McNeil,
M.P.,
to
the
cabinet
iwaltion
in
Britain
of
Chancellor
of
the
Duchy
of
Lancaster,
recently
vacated
by
Viacount
Cecil.
Not
for
-10
years
since
John
Bright
resigned
from
it,
has
the
office
been
so
prominently
before
the
public
as
it
has
been
over
the
resignation
of
Viscount
Ceci'l.
He
was
appointed
in
1921
and
re-signed.affer
the
failure
of
the
tri-partite
naval
conference
at
Geneva
in
August
of
this
year,
when
the
representatives
of
Great
Britain,
United
States,
and
Japan
failed
to
agree
on
a
reduction
in
naval
armament.
Viscount
Cecil
and
Sir
Austen
Chamberlain,
British
Foreign
Minister,
represented
Grent
Britain
at
the
conference.
The
post
of
Chancellor
of
the
Duchy
of
Lancaster
is
not
one
involvihg
matters
of
public
policy,
being
charged
only
with
the
duty
of
managing
'the
Duchy
estates
which
belong
to
the
King.
Often
it
is
chosen
as
a
means
of
including
in
the
cabinet
distimnilahed
mpn
who
wHUte
ujcful
hi
a
non-departmental
way.
It
is
not
a
post
which
anyone
fhah
heTtL
for
long.
'
i
In
the
GO
years
which
have
panged
since
it
was
set
up
in
its
present
lorm
there
have
been
38
Chancellors.
In
two
period
of
19
months
there
were
six
each
1884
to
1886
and
1915
to
191G.
The
Chancellor
of
the
Duchy
appoints
all
the
County
Court
judges
ana
J.r.
s
for
Lancashire.
The
County
of
Lancashire
was
erected
into
a
Duchy
by
Edward
III.
for
his
son
John
of
Gaunt
in
1377
but
in
1399
it
became
merged
in
the
Crown
through
the
accession
of
John
of
Gaunt's
son
as
Henry
IV.
The
revenue
of
the
Duchy
of
Lancaster
in
1925
amounted
to
140,489,
out
of
which
the
sum
of
70,000
was
paid
to
the
Keeper
of
King
George's
Privy
Purse
for
his
Majesty's
use.
The
salary
of
the
Chancellor
of
the
Duchy
oi
Lancaster
is
i2,00O
per
annum.
The
revenue
of
the
Duchy
is
chiefly
derived
from
rents
and
royalties.
FIRST
GRAIN
SHIP
OF
SEASON
'
Next
week
it
is
expected
the
first
grain
ship
of
the
season
will
be
here,
a
British
steamer
named-the
Fishpool.
In
Vancouver
the
skipper
of
the
first
boat
gets
a
silk
hat
but
it
has
been
suggested
that
it
would
be
better
to
give
something
more
distinctive.
A
little
totem
pole
with
an
inscription
by
Morte
Craig
would
be
a
very
suitable
gift
and
one
that
would
be
appreciated
probably
a
good
deal
more
that
a
hat.
BUCKLEY
BAY
MILL
TO
REOPEN
Theiumber
mill
at
Buckley
Bay
is
reopening
next
week
and
already
a
large
number
of
men
are
employed
there.
Extensive
preparations
are
being
made
to
put
the
mill
on
a
more
permanent
basis
than
it
has
been
in
the
past.
The
reault
should
be
decidedly
bene
ficial
to
the
northern
part
of
Queen
Charlotte
Islands.
Also
it
will
ueiiem
rrince
liupert.
inis,
is
one
additional
argument
in
favor
of
tne
putting
on
of
a
local
steamer
to
ply
to
the
islands
and
to
the
mining
camps,
giving
a
reasonable
rate
for
both
passengers
and
freight.
.
:"
PENSION
ACT
IN
OPERATION
The
Old
Age
Pension
Act
is
now
in
operation
and
those
people
who
havfi
410
means
of
support
and
who
are
of
advanced
age
are
getting
a
regular
monthly
check
from
the
government
that
helps
them
to
end
their
days
more
peacefully
and
pleasantly
than
would
otherwise
"be
the
ease.
It
ia
one
of
the
signs
of
social
development
when
people
look
after
the
aged.
While
the
payments
made
by
the
government
are
not
large
they
are
enough
to
make
life
much
brighter
than
would
otherwise
be
the
case.
The
ideal
inside
overcoat
Keeps
you
warm
and
healthy
Packed
with
energy-high
in
calories
Delicious
any
way
any
meal
MIAN
PETE
SWINDLE
WAS
GIGANTIC
ONE
Tells
How
One
Man
Cleaned
up
Over
Twenty
Million
Dollars
in
Manipulations
i
--
.-
To
to
eoastfucUve
bankers
of
Los
Angeies
came
Lwia,
proposing
to
re-tMbtlltaie
the
tottering
Julian
Petroleum
Corporation
whose
preferred
ottok
b
dropped
from
the
opriglnal
HO
'hare
collected
by
c.
C.
Julian
to
a
share.
He
ma
will!:
to
put
his
'nil
money
into
the
concern,
he
aald.
::ucB
F.
L.
Packard
testified
ttvst
Lewla
had
trouble
In
meeting
bis
hotel
bUla
when
he
was
negotiating
for
the
control
of
the
onntwny.
He
opoke
of
'
hla
Bittern
financial
backers;
he
vus
introduced
by
Soak
tot
King
of
Utah:
his
ptaoa
Appeared
ft!
b!e
and
the
I
security
be
offered,
the
assets
f
Juttan
twte.
was
good,
therefore
the
bankers
Mat
aim
money.
He
borrowed
half
a
million
from
the
Security
Trust
and
Siring
Bank;
he
eefetd
for
and
rreetv-'
ed
loans
from
the
Pacific
South.
I
com
toe
Farmers
and
Merchants
Na-tfettal.
from
toe
Pan-American,
from
the
United
states
National,
from
the
Merchants
NattotMl
tanks
He
borrow-ed
money
from
the
pacific
On
nice
Corporation,
from
San
Fraaeteeo
banks
from
private
Httttdwe.
borrowed
money
to
meet
payrolls,
to
buy
other
31
properties,
to
dflll
new
wells,
to
pay
an
unearned
dividend.
H.WKKHS
MAIIK
AIIVANIKS
The
bank
loans
wet
legitimate
advances
made
In
the
oourse
of
legitimate
traaeactlona
designed
to
put
the
Milan
Petroleum
Corporation
on
a
stable
basis.
When
the
crash
came,
the
corporation
owed
around
eleven
million
dollars,
all
except
two
million
dollars
secured
by
various
properties
either
owned
by
the
company
or
acquired
through
Lewis.
The
tact
that
lewis
could
borrow
from
various
banks
over
two
million
dollars
with
the
general
credit
of
the
company
as
the
only
security
Indicates
how
fast
he
built
up
a
reputation.
viewed
from
the
front
where
the
bankers
and
the
public
sat,
the
pic
tut
painted
by
Lewis
looked
attractive
tt
had
only
one
flaw:
it
was
rumored,
psreisteimy
rumored,
mat
far
more
Julian
Pete
shares
had
been
printed
and
sold
than
Lewis
would
admit.
Theee
rumors
eame
bo
tbe
ears
of
the
bankers.
They
asked
Lewis.
He
denied
their
truth,
denied
vehemently.
To
be
on
the
safe
aide,
the
bankers
drew
up
a
new
underwriting
agreeanent,
undertaking
to
market
the
contemplated
securities
after
the
appraisal
which
pertained
to
the
condttkin
of
the
com
psny,
as
of
August
31.
1926.
had
been
brought
up
to
December
31
and
after
an
audit
of
the
stock
books
had
demonstrated
that
not
more
than
593,
000
shares
of
preferred
stock
were
outstanding.
They
raised
the
ante
on
the
number
of
shares,
yet
Lewis
hesitated
quits
a
while
before
agreeing
to
this
condition.
But
how
did
It
happen
that
over
half
a
million
shares
were
admittedly
outstanding
when
the
State
Corporation
Commissioner
had
authorised
tne
ale
of
only
166,000
shares?
IKKtdl
Lll:
HI
T
TIMELY
Lewis
the
plausible
had
a
convincing
explanation
handy.
On
the
books
Of
the
corporation
he
was
credited
with
8,500,OOO.
money
which
he
personally
had
advanced
the
company
to
puy
new
properties,
to
drill
new
wells,
to
meet
dellefU.
He,
had
Issued
himself
stock
for
these
advances
and
borrowed
money
on
the
stock
to
make
more
advances.
It
was
ellghtljr
irregular,
but
It
was
ttare
for
a
good
purpose
and
after
the
completion
of
the
permanent
financing
ne
.would
be
able
to
take
care
of
all
this
stock.
The
explanation
was
logical,
but
the
rumors
persisted.
The
bankers
asked
foT
the
stock
books.
They
were
In
New
York
City.
The
bankers
insisted:
.rtfjse.4toy.t,tbein;
They,
arrived
4h
eleven
trunks,
but
they
were
not
taken
to
the
eompany's
offices.
Instead,
they
were
stored
Jn
the
garage
of
Pat
8hlpp,
the
transfer
clerk
who
brought
them
home
from
New
York.
There
they
stayed
until
the
middle
of
February,
undisturbed,
while
Lewis
tried
to
talk
the
bankers
out
of
the
stock
audit.
He
did
not
succeed,
so
he
began
to
feed
the
books
one
at
a
time
at
intervals
to
Wm.
C.
Kotteman,
the
auditor
who
was
making
the
Investigation.
It
Is
remarkable
that
the
faith
of
the
bankers
In
the
integrity
of
Lewis
and
his
associates
remained
unshaken
during
the
period.
Even
while
the
audit
was
progressing
slowly
during
March,
purchases
of
Julian
Pete
stock
in
blocks
of
ten
thousand
were
made
for
the
First
Securities
Company,'
according
to
the
testimony
of
Harry
J.
Bauer,
who
personally
Invested
half
a
million
to
help
steady
the
market
and
to
ac
quire
a
large
Interest
in
the
California
Eastern
over
whose
directorate
he
was
Mated
to
preside.
He
still
has
the
stock,
as
he
did
not
leam
of
the
over-ii-sue
until
the
last
minute
when
trading
In
the
stock
was
suspended.
HUirIVJl
!
OF
tfllAKEK
AitWw&iJhred
on
May
.
6
of
this
year.
Off
that
day
Kotteman
reported
that
lnstejdjpf
.the
authorized
number
of
600,000,
the
total
number
of
outstanding
preferred
shares
had
reached
3.615,000:-or
the
common
stock
1.278.000
more
than
the
authorized
number
of
shares
were
outstanding.
For
this
flood
of
printed
paper
somebody
had
paid
hard
cash,
averaging
probably
ten
dollars
a
share
for
the
preferred
or
30.000,000.
while
a
rough
guess
places
the
receipts
from
the
shares
of
spurious
common
stock
at
perhaps
15,000.000.
Adding
111.000,000
in
bank
loans,
secured
and
unsecured,
r'riun
THE
DAILY
NKT73
SI
and
a
profit
of
perhaps
$3,000,000
from
the
operations
of
the
brokerage
house
of
Wagy
ic
Co.,
which
Lewis
bought
scon
after
obtaining
control
of
Julian
Pete,
we
have
total
non-operating
re
ceipts
of
$46,000,000
in
less
than
two
years
and
half.
Perhaps
120,000.000
of
this
.
amount
went
Into
the
legitimate
expansion
'
the
corporation;
another
as.ooo.oor
probably
was
used
In
meeting
the
constant
large
deficits.
But
What
became
of
the
ramalnlng
21,000.000.
Sunset.
tt:
Man
in
the
Moon
WHEN
people
migrate
they
leave
behind
some
of
their
old
customs,
religion,
politics,
and
people.
It
does
not
do
to
carry
too
heavy
a
load
when
travelling.
IN
the
old
days
we
were
told
that
what
we
would
have
done
well
we
should
do
ourselves,
but
the
good
executive
today
hires
a
man
to
do
anything
there
Is
to
be
done
because
he
can
do
It
better.
A
WIFE
is
a
person
who
professes
great
pride
In
her
husband
when
away
from
home
but
who
takes
pride
in
Dreadful
Eczema
The
awfnl
Itch,
the
unceasing,
burnlnr
torment
of
this
skin
scourge,
unbearable.
To
obtain
relief
you've
probably
tried
everything;
under
the
sun
et
rept
t.
D.
D.
Prescription,
thtt
pore-penetrating-,
heallnp.
antiseptic
lotion
for
all
akin
diseases.
Ths
moment
you
bathe
sick
skin
with
thla
power-ul
?our
liquid.
Itchlnp
and
burnlnr
eease.
Careful,
persistent
nse
of
D.
D.
D.
from
then
on
conquers
the
disease.
Your
druirirlst
has
p.
p.
D
$1.00
a,
bottle.
Try
P-
I
D.
Soap,
too.
O.OJD.
OK.MK8
LIMITEII.
KM
L-1
M
-
baT
-
-
sk
me
workers
-they
knew
STANFIEIQ'J
ME,U
vho
work
hard
appreciate
the
long-wearing
service
of
Stanfield's
Unshrinkable
Underwear.
They
need
its
Drotecting
warmth
to
ward
off
colds
and
chills.
Stanfield's
is
good
underwear
to
work
in.
For
fifty
years,
the
men
of
Canada
from
coast
to
coast
have
found
Stanfield's
the
greatest
underwear
value
they
could
buy.
Fits
perfectly
when
you
first
put
it
on
and
keeps
its
size
and
shape
as
long
as
you
wear
it.
You'll
need
Stanfield's
this
winter
!
PAttklTID
iTANFIEL
showing
him
where
he
belongs
when
he
Is
at
home.
HEAVEN
is
a
place
that
the
disappointed
ones
enjoy
In
prospect
before
they
leave
earth.
PEOPLE
quit
drinking
so
that
they
nay
have
something
to
brag
about.
THE
Nelson
News
must
have
lost
31
of
money.
Every
day
before
the
lection
It
urged
people
to
back
the
vlnner,
meaning
Dr.
Borden.
MANY
people
suffer
from
"I"
trouble
."hey
overwork
their
I's
so
muoh
tha
hey
become
tired.
A
JURY
Is
a
body
of
men
who
are
lot
much
mow
Intelligent
than
the
'upreme
court
Judge
who
presides.
JAKE
says
he
Is
a
self-made
man
AH
I
can
say
Is
"Thank
God,"
for
thai
relieves
somebody
of
a
great
WHAT
Is
needed
In
most
offices
is
a
typewriting
machine
with
an
education.
UP
In
the
Interior
they
have
been
having
a
war
on
rattlesnakes.
Pity
ihey
could
not
kill
off
a
few
of
the
snakei"
down
In
this
part
of
the
country.
Here
they
even
forget
to
rattle
their
scales
before
injecting
the
virus.
LUXURY
CAR
ENDS
STRIKE
OF
PUPILS
AWRE,
England.
Oct.
21
-A
"luxury
car
has
ended
a
strike
of
village
school
children
In
this
little
Gloucester
Severn-side
village.
Parents
of
the
pupils
objected
to
s
tumble-down
vehicle
used
to
convey
the
children
to
and
from
Newharo
scboool,
four
miles
away.
They
kept
their
children
at
borne.
Finally,
the
Gloucestershire
Educa
tion
committee
provided
a
bus
which
Is
termed
a
"luxury
car."
and
thr.
children
have
gone
back
to
school.
Our
Peru
agon
i
are
ptai
at,
ijj
to
Jjoo
j
lifPP
Write
for
bookltt
illustrating
sty:-
weights
and
sixes
I
'
all
the
fami!?,
pi
i
from
$1
to
$'.0.
STANFIELD'S
LlMiTJ)
Truro,
M.S.
NnF.RWF.AR
JrM
Jaa
ci
jssor
jspsh
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n
tc
I
jbshh
sa.ja
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l
cIiit
liet.ttithtM
tl
TWO
FABRICS
worea
totnktr
to
thtt
ti!k
or
toll
cettes
cemes
nert
thr
tkia
mni
wtrm
wosl
tmttidt
wwtrali
mi
pre-Itctioa,
St
it
tt
jout
iir'.
A
recognized
reward
of
merit
The
Grucn
Pentagon
is
ehoecn
rr.rrs
ofttliananyotlictwatcfitohit,
t
achievement
in
business,
the
y
?
fewfcms,
and
school
or
college
l:r
Colonel
Lindbergh,
Vice-FrcMJi"
:
Dawet
and
hundreds
of
oth
r
famous
men
wear
Cruen
Pentagon
Come
in
and
sec
this
celebrate
J
watch
today.
JOHN
IIULGKIt
LTD.
Jewellers
The
Store
with
the
Clock.
i
UNION
STEAMSHIPS
LIMITED
"alllntt
from
Prince
Kutirri.
tor
t.t.Vt'OUVKIt,
VICTOItlA.
8wanon
Itay,
Alert
IMv
'
etc
Tuef'
p.m.
For
YANCnilVr.lt.
VICTORIA,
tinted
air.
Alert
May.
rtr
Maltirrtar
"
w
,
lor
I'OKT
MMI'SOX,
NAAH
KIVEIl
POINTH.
AI.ICK
UM
ANVOV
STKM
AKT.
Wales
Island,
Sunday.
8
p.m.
123
Jnd
Avenue.
It.
M.
"M1TII.
Arent.
rrlm-e
lluprrt,
B-f-
Thro
ur,h
tickets
sold
lo
Victoria
and
Meatlle
at
a
reduced
rate
d4
baggage
checked
through
to
destination.
Seamless
Covered
Roasters
Oval,
Hound
rind
Oblong
Enamel,
Aluminum
and
Sheet
Iron,
with
Dripping
Rank
and
without.
In
twelve
different
sires.
From
$1.'J5."
to
$(5.73
Mail
Orders
carefully
filled
Thompson
Hardware
Co.,
Ltd.
235
Third
Avenue
Prince
Kupert