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I‘MAKING SAFE lNVESlMENlS THE EQUiPMENT BONDS ARE READILY SALEABLE, BUT HAVE LITTLE CHANCE OF APPRECIATING IN VALUE. o :ngh Yleld When Security is Considered ls Particularly Strong Feature of Equip- mentsâ€"Public Not Educated to Themâ€" ngh Convertibllltyâ€"Stable in Price- Very Excellent Investments for Business Surplus. ..__. The articles contributed by "Investor‘ are for the sole purpose of guiding pro. »pective investors. and. if possible of sev- ing them from losing money throth placing it in "wild-oat" n-nterprises. The impartial and reliable character of the information may be relied upon. The writer of these articles and the publisher of this paper have no interests to servo ‘ln ccuncctinn with this matter other than those of the reader. (By "Investor.”) We have seen that so far as safety is concerned railroad equipment_ bonds pos- sess security equal or superior to that of any other form of railroad security. The remaining characteristicsmrate of income, convertibility, prospect of appre- ciating in value and stabilityâ€"may now be briefly considered. ' A particularly strong feature of equipâ€" ment bonds is the fact that as a rule they yield a relatively high rate of in- come. As a. general thing they return from one-half to one per cent. more than do the mortgage bonds of the railroad issuing them. In the case of Canadian railroads, this is due to the fact that the English market is not keen for a serial bond or for bonds of such short date as "equipments," and also to the fact that the general Canadian public has not yet been educated to the very high quality of equipment bonds as invest- ments. For this reason the return is high. In the case of Canadian Northern “Equipments/’vthe only bonds of this class at present available to the Canadian investor~the return varies from 41-2 per cent. for short maturities to 5 per cent. for bonds with some years to run. As regards convertibility, equipment bonds vary according to the date of ma- turity. Bonds maturing within a short time are highly convertible, while the more distant ones are only slightly less so. Many investors. particularly those in- vesting a business surplus, whch-may be called upon at any time, choose short term equipmentsâ€"or even those with 8 or 10 years to runâ€"as a highly liquid and very satisfactory medium in which to in. vest in order to be able readily to con- vert their securities into cash. Indeed, there is probably no security, excepting shares, which possesses a readier market at. all times. Shares, however, are by no means stable in price. Equipment bonds, on the con- trary. owing to their short durition, and the fact_that the security on the longer maturities increases each year by en per cent. of the total issueâ€"ourng tb the fact that one-tenth. as. a rulg,‘ are re. tired yearlyâ€"do not fluctuate in price. It is seldom that one heirs of sales m‘o‘re than a fraction from the established yield price of this class of security. As a class they are relatively considerably more stable ‘than other railroad issues. Owing to the same reasons that renders them stable equipment bonds possess a. very slight chance of appreciating in value. The short maturity of equipment bonds, as suggested before, render them parti- oularly adaptable for the investment of business surplus or other funds, which may be required at short notice. For example, suppose an individual. or a firm, has a surplus of $10,000. In the bank he would get but 3 per cent. By purchasing a 41-2 per cent. equipment bond with three years to run, at the present time he could purchase them at about 98.62, which would yield about 5 per cent. Suppose at the end of two years it was necessary to realize. The bonds would have but one year to'run and would sellâ€"as a rule â€"at par. The purchaser would, therefore, not only make 5 per cent on his money, but a small profit, which would make his total income for the two years he held the bonds average 51-4 per cent. This is a point worth considering. " air get ex- ercise to keep them healthy. Cage birds get little exercise, and should be given : Broch’s Bird Treat s \ . . .V, 1 \Y‘ \'\\ \\\\\\\\‘\\ \‘ \m'v â€"a tonic in cake form which aids digestion, sweetens the song and brightens the plumage. 'It is given free in package of Brook’s Bird Seed or two cakes will be sent free if you fill in the coupon below and mail it to us. We know it will improve, your bird in every way. M NICHOLSON (ll. BROOK 9-11 Francis SOs-cot. Toronto. For this coupon, please send me, free of charge or obligation on my part, two full-size cakes of Brook's Bird Treat, and oblige. 4-7 N AME ‘. L g.__) o _ADDREss ........ ............. ..... Dr. Williams’ Pink Pills Help the Blood and Make You Well. The human body is the busiest factory in the world. There is no eight hours day, no slack season, no holidays, no cessation of labor at any time. Day and night work is being carried on in the workshop of your body, and it never ceases until the engineâ€"the heart stops forever. The factory of your body has its motive power, without which it would have to close down at once. That; motive power is the blood, healthy, rich, red blood which keeps your whole system efficient which drives away all diseases that may attack it. Good, red blood is the chief cm» trollcr of every action; the sour-cc of all the energy you possess. It builds up every substance of your muscles. nerves, sinews and flesh. It removes the waste and poisonâ€" ous products constantly created in your body. which, if allowed to reâ€" main set up disease and weakness of every kind. Good blood gives energy and vitality to the nervous system, besides regulating the func- tion of the stomach, intestines, liver, kidneys and other organs of the body. Briefly, on the purity and richness of your blood the health of your whole body depends. Often the blood begins to fail and becomes thin and poor in quaâ€" lity. Ie becomes loaded with waste matter and charged with poisons. Then it is that the motive power of 'your bodily workshop goes wrong, your physical machinery becomes disorganized'and vou fall ill. You become anaemic; mavbc the nerves break down, or you begin to suffer from indigestion, neuralgia, genera al debility, severe headaches, pains in the back or side, rheumatism, or even paralysis. In all failures of the blood Dr. Williams’ Pink Pills are the best known remedy. These pills actualâ€" ly make new, rich blood, which brings health and energy to every part of the body. Thousands and thousands of people, not only in Canada, but all over the world, testify to the truth of this stateâ€" ment. The following is a bit of proof. Mrs. Fred. Stricker, jr., Moosefield, Ont, says} “A few years ago I was a. physical and ncrv- ons wreck; I had pains throughout my whole body. I had no appetite and my stomach felt as if there was a big lump in it. The least exertion would make my heart beat Violent- ly, and I would be attacked with trembling spells, and such a. weakâ€" gasps. I was under a. doctor’s care for nearly two months, but got very little relief. I then tried other remedies, but with no better re- sults. Finally I decided to try Dr. Williams’ Pink Pills, and this was the first medicine that reached the root of my trouble. After taking the pills a. few weeks I was much better, and by the time I had taken ten boxes I was entirely recovered. I now always keep the pills in the house and if I feel the least worn out take an occasional box and feel all right agains” Sold by all medicine dealers or by mail at 50 cents a. box or six boxes for $2.50 from The Dr. Wil- liams’ Medicine Co., Brockville, Out. ’4 a GRASS BAD FOR TREES. Stunts Thom and ‘Arrcsls All Healthy Growth. At the Woburn experimental fruit farm a. long inquiry has been conâ€" ducted into the effect of grass on trees, and the experiments which have. been carried out form the sub- stance of the thirteenth report of the farm, which has just been is- sued, says the London Daily Mail. It has been shown that the genâ€" eral result of grossing the ground, either by sowing seed. or replacing the turf after the trees have been planted, is the arrestation of all healthy growth and the absolute stunting of the tree. A ight and unhealthy character imparted rfo the leaves is one of the first notice-able results of the action of grass upon trees. With trees that are. feeling the full effect of grass the fruits are found to be small and ill developed. The variations in soil temperature are less when the, ground is grassed, and this alone would be favorable to the growth of trees; but this good influence is outweighed by the, dele- terious effects. ’1‘ NEARLY DOES. Hokusâ€"“Brownsmith boasts that he never breaks his word.” Pokusâ€"“Well, considering how he stretches the truth I should say he had. mighty good luck” Powoo Tilth Bolus ‘ THE HUMAN nooooo ti;‘.":.‘.l’t’3iifii£”°m mess that my breath would come in. CULTIVATE SIDE-VISION. One of the most useful gifts one can have is a. good sideâ€"vision. By “oldie-vision” is meant, literally, the ability to see in several direcâ€" tions at once, and to know what is going on in other directions besides that upon which the gaze may be. fixed at the moment. " . Just try the next time you are reading in the train, for instance, and you will understand clearly what is meant. You can with little effort, and while still reading, follow the move- ments of those sitting opposite you, and even those at your side. With a little practice. the range of your side-vision can be extended be- hind you, in each direction to an an- gle of fortyâ€"five degrees, and you can see clearly every movement that takes place on both sides simultan- cously. Now, just think what this means. The man in possession of a good side-vision is not an easy one to take by surprise. In business he finds it a valuable. asset, especially when talking with more than one person at a time. He can guard against dangers from unexpected sources, and when crossing a, roadway he can clearly see. the traffic coming from either direction, while still looking straight ahead. +w_ A TRO UBLE MAKER. Coffee Poison Brcclls Variety of Ills. A California woman who didn’t know for twenty years what kept her ill, writes to tell how she won back her health by quitting coffee: (Tea contains caffeineâ€"the same drug found in coffee.) “I am 54 years old,” she says, “have used coffee all my life and for 20 years suffered from indigesâ€" tion and insomnia. Life was a. burâ€" den and a drag to me all the time, and about once a year my ailments got such hold upon me that I was regularly ’slck in bed’ for several weeks each time. ' “I was reluctant to conclude that coffee was the cause of my trouble, but I am thankful that I found out the truth. I . “Then I determined to use ROS;- tum exclusivelyâ€"for a week at first â€"for I doubted my abilitv to do without coffee for any length of time. I made the Postum careful- ly, as directed, and before the week expired had my reward in a perceptible increase in strength and spirits. - “Seeing the good that my short experiment had accomplished, I Ten and resolved to continue the use of Pos~ tum, cutting out the coffee entire- ly. This I did for nine months. finding, daily, increased cause for gratification at my steadily improv~ ing health. My indigestion graduâ€" ally left me, my sleep returned, I gained 26 pounds in_ weight, my color changed from sallow to a fresh, rosy hue and life became a. blessing. _ “Then I thought I would try cof- fee again. and did so for a. few weeks. The punishment for desertâ€" ing my good friend, Postum, was a return of my old troubles. “That taught me wisdom, and I am now and shall be all my life hereafter using Postum exclusively and enjoying tho benefits it brings me.” Name given by Canadian Postum 00., Windsor, Ont. ‘ “There’s a reason,” audit is exâ€" plaincd in the little book, "The Road to Wellvl’lle,” in pkgs. Ever read the above letter? A new one appears from time to time. They are genuine, true, and full of human interest. _. .__>'< DICKENS’S LUCKYIDAY. Qggrles Dickens was not one of tll’Qn‘lO arc superstitious concern» ingr'lv‘riday. It was on Friday that many of the good things came to him, and it was on that day that he entered upon, paid the prion, and took possession of Gods Hill, the one thing be cherished more than all of his other possessions. It was Gads Hill that he had gazed upon when a wee bit of a boy, with a hop-e, then giving little signs of frui- tion, that he might live to own it some day; and it was Gads Hill whose walls he. covered with mirrors in almost Oriental magnificence. >X<________ WOMEN NEED GIN PILLS. Port Dufierin, N. s. “I was troubled with Kidney Diseaes for several years. My back was weak. I had terrible headaches, and was so restless that I could not sleep at night. At last a friend told me about Gin Pills. I. at once, got a box and after taking them I felt betterâ€"after three boxes I was cured. ETHEL DALCOMBE." Write us for free sample of Gin Pills to try. your dealer’s or direct from Lieâ€"50c. a box, 6 for $2.50. Money refunded if Gin Pills fail to cure. National Drug & Chemical Co. of Canada, Limited, Dept. W.L., Toronto. Then get the regular size boxes at ' ill .34 lllloll 3‘. - "no ll PERFECT BAKING RESULTS CONTAINS NO ALUM {ENGILLE l COMPANY" ,1. x M 1 rpm 1) Tononro,on'n ‘ l SCOTTISH DISCIPLINE. John Stuart Blackie Tells of His Experience. “‘I am not conscious of any great iniquity that I committed in those boyish days,” writes John Stuart Blackie in a chapter of early recol- lections in 'his “Notes of a. Life.” And as to the one lie that he can re- call, the reader wonders of his statement was not pretty accurate, after all, considering what he had been through. Once I told a lie; but the occasion was an unusual one, and a. severe trial to juvenile flesh. I had a. notaâ€" ble hatred to broth, that is, vulgar Scotch broth, of which chopped vegetables are the chief ingrediâ€" ents; but this was a palatal fancy which the severe disciplinarians of those days did not think it profitable to indulge ; so I was forced by sheer compulsion to swallow my broth. One day, I recollect,â€"thc. scene at this ‘ moment being distinctly gravcn in my brain,*the midday meal was being enacted between one and two o’clock ; then, as usual, I began to protest violently against the broth, and with such emphatic determination that, perhaps. I might have succeeded for the time. But there. was present on that ccâ€" casiovn one of those stern, hardâ€" faccd, unmarried ladiesâ€"I do not remember whether it was an aunt or only a family friend~who are. alâ€" ways at hand to lend their aid to nerve lthe wavering arm of maternal discipline. This lady took the short- est and most efficient way to stop my protestations by putting a funnel into my Mouth and forcing the hated concoction down my throat. There was a. victory gained by Spartan discipline over refractory boyhood ; but the trodden snake 'will sting, and the boy must have his re.â€" vengc. So for an hour or more I roared myself into a. red-eyed rage truly terrific, and, then, instead of going to school at the usual hour,â€"three o’clock,â€"â€"I hid myself in a press till the school hours were over, and then reappeared on the scene, with- out suspicion. . The next day, going to school, and being interrogated as to the cause of my absence, I said I had been un- well and could not come. This, of course, was a. lie, and the whole af- fair coming to the ear of my father, I was soundly flogged. Whether this flogging, or perhaps ' rather something radical and deep within, has been the cause of the profound abhorrence which I havel through life entertained of allforme and fashions of untruth, I Will not inquire. ;__ 9V. . RETORT COURTEOUS. He (maliciously)â€"-You see, brides are to be had so easily that tth are actually given away at the wedâ€" dings. She (acidly)â€"Yes, in spite of the fact that the majority of the poor things are sold. Silith Gm QUICKLY STOPS COUGHS, CURES COLDS. MEALS THE THROAT AND LUNGS. 26 CENT‘ Christian nations of the world total 4.79 million people; non-Chrisâ€"' 't’ n, 948 millio' l EXTRAVAG ANT EC 0N0 MY. Should Not Buy Things Not Be- quircd, However Cheap. Some women do not seem to rea- lize that there is a. great gulf be- ltween economy and extravagant economy. They are apt to» favor the. latter. Women will buy a.,thin.g that is cheap, simply because it is priced at a quarter the ordinary value. lThat is all very well; but when half la Hozen other things have to be lbought to make the purchase. usaâ€" . ble, it is difficult to argue the value ,of the economy. It is always extra- vagant economy to buy things which are not required, however cheap they may b-evâ€"sthough women lure slow to acknowledge this. Again, there are women who walk a. couple of miles, wearing out shoe- ileather and patience, in order to save a. cent on two yards of ribbon. lOthers will buy four times as much meat as they require, because they get it so much cheaper by taking the piece. The same meat is served daily until every member of the house is sick of its sight, and final- ly some is thrown away. Economy lies in the. complete good manage- ment of moneyâ€"in getting the best possible dollar’s worth out of every dollar. izd When buying soap it is economy to get it in large quantities, as one gets more for the mouev. and soap that is stored and dried will last much longer._ HRS. G. A. SELBY AND GEM Use: 7022!}; 'C’uticum r Soap for Prize Bady' . "I have always used Cuticura Soap and no other for my baby, and he has never had a. sore of any kind. He does not even chute as most be.- bies do. I feel that it IS all owing to Cutimra Soup for he is fine an healthy, andwhen five months old won a prize in 8. baby contest. It makes my heart ache togomtoso vmauy homes and see a sweet faced I bub with the whole top of its head . a so id mass of scurf, coined by the use of r soup. I always recom- mend tioura, and nine times out of ten the next time I see the mother she so 6 ' Ohi I am so led you told me o Cnticura.’ ” ( igned) Mrs. G. A. Selby, Redondo Beach, Calif. Although Cuticum Soap is sold by drug- cists and dealers everywhere. A postal to "Cuticure." Dept. 3M. Boston. U. S.A., will occurc a liberal sample, with 32-1). book on the care or skin. scalp And hair. l :7. ON YOUR 1] Western Canada 5% and surrounding territory with electric power. Canadian government. Montreal; Mr. Campbell Sweeney, Manager Bank ROYAL BANK OF MONTREAL BUILDING . R. M. WHITE Manager First Mortgage Bonds will unquestionably appreciate considerably in value during the next 2 or 3 years. Public Utility Bonds of this nature are the most profitable form of investment-- for instance-«Winnipeg Electric 5% Bonds sell now at 104 and Power Co. 5% at 103 ; British Columbia Electric Co. The city and suburbs of Vancouver are growing very rapidly. PcwerCo. plant islocated 35 miles from Vancouver and New Westminster. B.C. It supplies these cities This company has perpetual water rights from the Many of Canada’s leading financiers are large holders of these bonds. Directorate includes Sir Max Aitken; Mr. T. J. Drummond; Mr. A. R. Doble, for investment we. strongly. recommend Western Canada Power Company Bonds yielding over 55:, Detailed information lnd list of bondholders Will be willingly sent on request. ' S'E‘CURVITIE ,- CORPORATION Limited IDLE MONEY Investigation proves that ; Shawinigan Water 454% bonds at 102V. Western Canada Secretary, Bank of If you have any mono of Montreal, Vancouver. 1 S . YONGE AND monrm‘ouc-Wuwawlx ' ‘. ‘ .,