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BRITAIN‘S I‘INVOY TO ROME. Howard Representative iiw Vutiuul. Henry ill in Presents You Can’t Do Better Than is,»- Tlu‘ new I’npc, chmlict XV.. iinzulc no formal announcement of [policy when lie assumcd the triple lvrmm of St. Peter last, September. lliul us be luul been the devoted pu- Thc Pen ior Soldiers' Use From -_, 5mm: . .., i win it marlin WAR CONDITIONS REVIEWED. Mr. H. V. Meredith and Sir Frederick Williams-Taylor Speak of its Ef- fect Upon the Country. With a world-war in progress. and unprecedented conditions existing, the nnual meeting of the Bank of Mont- eal this week attracted more than the anal attention. for it gave an oppor- unity for the shareholders or the flank and Canadians in general to hear t 8 Views of two of Canada's most cei- ebrated bankerstr. H. V. Meredith and Sir Frederick Williams-Taylor. Both gentlemen reviewed the situ- ation in very able fashion, and it is interesting to note that both express- ed the View that Canada was weather- ing the storm with a certain degree of success. After pointing out the fact that the Bank had greatly strengthened its sltion during the year. Mr. H. V. eredith, the President, said: “The outbreak of hostilities brought About the collapse of the whole finan- cial fabric, the closing of the bourses find a world-wide financial cataclysm. ’ or a time, at least, a condition of well nigh general insolvency was threatened. “Britain‘s command of the sea was undoubtedly the chief factor in bring- ing a recovery oi? confidence, but great credit is due to the Government and their able financial advisers for their bold and statpesmaniike views of the situation and their prompt action in meeting the crisis, as well as to the Bank of England, for the courage and] activity with which the plans of the Government were carried out." Situation in Canada. After giving an exceedingly structive review of the world position, Mr. Meredith said of Canada that agri- culture was prosperous but a general Suspension of new undertakings is an arent. At the same time he thought as regards our that unemployment Sir Frederick William: 'lny‘lrr. General Manage-r Bank of )lnlitrnul position will compare favourably with that of other countries. , Mr. Meredith pointed out that for- tunately it-has not been necessary for Canada to resort to a moratorium, and closed his remarks in the following hopeful veinz- “War and other adverse conditions are bound to retard our progress. A period of rest and recuperation may be expected, but the future depends' to a great extent upon the spirit with which the people meet the changed conditions. "Economy and prudence in the mat-,1 ter of expenditure, and an effort to increase production portable articles will, in time, usher in an era of active trade and renewed prOSperity." Stands Strain Well. Sir Frederick WilliamsTaylor, after pointing out that the Bank of Mono. real was 97 years old, spoke of the‘ great stability of the institution. and later reviewed Canadian conditions as a whole and by each province. Speaking of the war's effects, he said in partâ€"v “The outstanding result has the instantaneous stoppage of the sup- ply of British capital, to which we had become so accustomed that sight was. too frequently lost of its importance as a factor in the development of the Dominion. E. \Vntermun Company, Limited, in- , earnest , of ex- ' been ' l i The our ' useful .(illt ior Home, Office or .‘icluml, An. proprintc- for Men. “Raul-n ‘i ‘ or tlzc Young Folks. _. l Illustrated Folder sent on request. $2.50 to $50.00. Avoid Substitutes. U ‘ In Attractiv‘c Xmas Gilt Boxes. the Best Stores Everywhere. islontrenl “Money from this source. flowed to us in such increasing volume that during a. considerable ante helium period it amounted in round figures to ‘ at least $25,000,000 per month. Cana- dian public borrowings from the. Lon- don money market for the Sevenr months ending 315i July were $177; 000,000. Since the outbreak of thel war the inflow of such capital hasl ceased." Our Own Resources. How to face the loss of this money and continue to expand were serious problems. Sir Frederick said We were ~ now getting a little money from the States. and added:â€" “it is obvious to everyone that we are cast upon our own resources, that we are on trial. and that. our future development will depend in no small measure upon the condition in which. we emerge from this trying ordeal. l "The longer the duration of the war. the more will the colonial props of; the Empire, including Canada, suffer; 1 l l but good will come out of evil, for our energies will be turned to the develop-5 ment of our great natural wealth, par- ticularly our vast agricultural reâ€" 1 sources, and we can then look forward with confidence to eventually emerg- ing from present conditions a wiserj people, with our ai‘i’airs on a healthier, ‘ more normal, and sounder basis." Big Gain in Assets. The Bank 01‘ Montreal, itscii, came lthrough the trying year with flying colours, and its total assets are nowi $259,400,000 compared with $244,700,- 000 a year ago. An interesting feature i lot the statement is the fact that dc-: gposits are considerably higher than‘ 5they were last year. Deposits bearing ‘interest are now $154,500,000, an in- ,crease of $10,000,000, while non-inter- iest~bearing deposits are $42,600,000, a gloss of $3,000,000. This shows a net gain of $7,000,000. The Bank‘s profits for the your were 2,496,000, compared with $2,648,000 :1] year ago. While this is a small fall-i iing off, it is insignificant compared ‘with the fine results achieva in forti- inng the Bank’s position. A Big Surplus. It is noticed that the. Bank loancd‘ {the Dominion Govm‘ument. $5,000,000i .during the year, and also loaned over} “$9,000,000 to cities, towns and schooli ,districts to help them over a periodi {that made the raising of money {through debenture issues exceedingly ‘ difiicult. i Another interesting item is the fact that the Bank gave the (‘anndlau‘ :Patriotic Fund $100,000. l After making the usual liberal alâ€". llowauces, the Bank curries forward limo next year $1,232,000. compared with $1,040,000 the your previous. Bank Men at Front. ‘ Not the least interesting statement made at the mus-ting Clinic in a reply- ‘Sir Frederick Williains-Taylor made :‘to a motion of thanks to the staff. lie . said:v~ ; "We have on active service 102 fine athletic young men. the best in the land. and double that number would gladly go to the front could they be .spared. and meanwhile hundreds more .oi‘ those on our nominal r011 are drilling 'l‘husc \1'lil1 the colours will surely be a credit to t‘anada and this il-anh, and may I add that those who remain lll‘lllllll are fort-going their holidays and doing lllv‘ extra work (involving upon thru. clivcri‘uily' 21nd uugrudgingly. v ,A-‘« _ George‘s ilbscrvutlolls. l’in‘ y‘cuh‘ ago (lz‘vl‘p‘c Ade. whilcl Eu licrliu. said this tn :Lu liturle lll1:‘1"vli“\\'t‘l‘i “Tlu‘ (icritimi «rffii'i‘f , rrgnrtls m'cry' civilian 21.\ an inset-i. The foreign civilian is looked upon an :t bacillus. The American civilian l> too niollllt' for cull\l(l(‘l‘niin2l, ,(lver here everyone pokm fun a.‘ the stifinu-kcd mnrtiuctk of tir- turniy'. but when doing so they us- :uul‘y it“ up an alley and talk :11. lu‘liispcrs.” l 1 _-. “lit-u Ills “Ml “allied. .\n Masha pioneer how crowded :l coring Slllll during the fluid rush. Unc (inf. man came up to the captain said : “You will haw t-«- give illr‘ ‘-‘ii:v ‘plnce to sleep." "Where have you been sieeplngi ‘ was tellingl wux n . .nm ‘ "\l't‘ll." ille }l!i:‘5€ngnr replied." ‘,"1 have been sleepzng m: .1 >E‘.'l( man but he's getting better :ww. and llr'l . - i, won : ~tnn<l iL. lpil of Cardinal Ibimpolla. the Ser- .liilozis and aspirations of ltnmrmllzt. ‘intli‘cniinu of the papal policy, and “lay lic ('nieretl cllicc until he lc‘ill when the late Pope. Pius X.. was .Staie. 'tublislmicnt of the English pl‘iltf‘S’ ’L‘atllolic, was finally induced by' that out. ,‘suudctl to brook the storm of (llâ€"ap- is ni’iiiounccd us being only (011lka ‘rury‘. in Congratulalc the new Pope ‘upon lll.\‘ ucccsuun. and {lien to rev 1 ‘ lill~SlEL "z‘wrrris'ul rotary of Stutt- of Lou Xlll..‘ fnl‘ iwcuiyv‘five years, it was assumml‘ that the Vatican under liencdicn XV. would return i,” the political The appointment of Sir Henry Howard as cnvoy' from Great liri‘ tnin in the Holy See is the first. :1. signal diplomatic \‘it'tury for i-lic l’npc. To bring about lilii‘ est-21bâ€" lisluur'ut of direct. diplomatic rela- tions bi-iwccn l‘lnglnml and the Vatican was the thine; litu‘mpullu. iabure-(l for uuccusiugly front the Merry 0 f (‘lt‘t’li‘tl and took Cardinal (lcl Val in be his Secretary England has been the great. foe of political Rmnuu L‘ntlmlic (locâ€" triues since the days of Henry Vii]. and Queen Elizabeth, and the esâ€" lfivlll ('hurcli: and although the Eng» lisli Sou-reign maintained a repreâ€" sentative in Home as long as the Pope was sovereign thereâ€"which was until lHTOAlillP relation was broken oil" as soon its :1 King of ltaly assumed the throne. Only 'l‘rmporary. All of the nations of Europe which were Catholicâ€"~38 Austria, France. Portugal. and Spainâ€"con» tinned for the time being an Am- bassador at. the Vatican. while send- ing another one to the Quirinal. icrma-ny, being Protestant and Vatican to maintain also the two Ambassadors. lillt England lmld The Government, knowing llll‘ strung anti»('atlrulic sentimcnli in the country. could not be per- l l l l Sir Henry Howard. ; pmvul such it more would come; Sir Henry Howard‘s appointment main in Home during the progress of llxt.‘ War. But. ii St‘t'lll‘ l4; be gcir wmlly accepted :is illt opening: \xwlut‘ fur the ummililmciil of a pepâ€" iuziucul Ambassador from ‘ (lrcnt lll'ilnln to the Valium. It is said that the allies urr'y . . - l .lliil‘lllt‘ll at the prmpcct of l’rmcei You littelow‘s Iti'(‘[)t)ll(li.'1'illit‘t‘ of, pnu‘m' {It 1110 ('llill“l (if the lung (rlv ltzily' as .‘\ilillil\.1521(lul‘ fru-u the Ger nmn limpcrnr. and that England. and brunch Imu- alsu be» mum: stitltll‘uly alive in the \Hrflb'lr lviliiy' of the Plum plziy‘iup‘ an impwr lxiui l’rlli.‘ in tlic N‘illi‘ltli‘ili wt' pence, lri ilu» l'lt-‘lll lll‘ (illit'r \t'Wlllil l:.‘l.\l' :t \‘v'il; l'I‘Itl‘tâ€"‘I‘L‘lllnilw‘i 111 «xi-jugui‘i in flour writ-I:- '|‘llt‘ Solo llus~iu lulu ll' llwl' in ill" l’irii' lmii ull lu't‘ humour llll;lu!liillli' i. lint)» Sir Uy‘lll‘y Howard tliei‘ofwr(-. llu: :vilt’ rcprcst-tiaii'm hi~ ll'w llll’t‘r’ t'Hilllll'lF“. (ici'mnny' l1:1~ alumna recent yum“ licr ~«v'icituclw for "h l’npos liivii<l~iiiin “ltit‘ll was ~ll2 i'ltill) walth by lil‘llilll'k‘li sgiiiiiiin, M], . lrp;c~o-iii:iliw. inruiul ;\uib:‘.~-.: l’rurwv lute -.r li‘lllli!’ [. \‘lic‘tuw iii llli” l'l!-1"'i:~'i.i;' l.' ill“ l'r‘tll‘ulllv lu‘il‘i} Ell llt‘l‘.“‘l “llt'li the Pope create-(l lll’ ilr~; Alumnau cardinal, nihiliuyim' t'i’il" duals have liccu .‘ltlili‘tl tin-m lllli" in illllr‘. .m that the German ling {fire has at present :1 strong iii" Nillllui‘lel‘s nr liun‘n‘. Austria slilv t'rmini‘u rt 1"' l‘npe; as llit‘li' ‘;i<l against t-iw (‘liCl‘thCllllll'lll\ «vi l‘iw twinniism. and the rela “1352121) i.- ixwru the Pope and the limit-~11» Francis Joseph is very lliil‘ilfi'.", The Duke of Xuri’olk iu End-um. the premier duke of tlic realm. E! 3.‘ t'nil1~.:lic.nnd he has spent a groi‘ " part of his life in reconciling 1.1 v ~i :'4 an; '-l ‘llilli‘ll ,(‘lirist ,iizcd nt Rollin: ,l\lllL{\ of brow-c were crowned there ,:lll(l («insccrzliml Willi [ill ‘is the invade; ‘ or MY \:5 IN BUYING YEAST CAKES BE CAREFUL TO E. W. G l LLETT CO. LTD. ' RENT BEST FRIEND . ROYAL : ROY/i1. miss V, - ~I »- ” Milw- -. 7. DECLINE SUBSTITUIES. - lirltlsli (lm'crnmf‘nl in a. policy of rem ja‘niiion of the political status of llu‘ l‘wpt‘. it was tilll‘ llukc of Nun folk who personally superinicudul the present plans for Sir Henry .Howuml‘s going to Rome. Howard has born British Minister at The Hague and Luxcmburg. Nearly fifty years ago he was an attachi- at the British Logati‘un in Washington, and married at that time bliss (‘ccilia Riggs. the «laugh tor of G. W. Riggs, of Washington. She died in 1007. .. +-._.W Till} (‘.\'l‘lli’;ill{.\[. AT REHIS. One of the Arcllitcciu'ul Wonders of the World. Nothing that has happened during the war has aroused more discusâ€" sion than the partial destruction by German shells of the (.‘atthedral of Noirc Dome of, lleims. This most intlcrv‘sting. if not most beautiful, of all the great Gothic- churches of France is one of the architectural wonders oi" the world. To Frenchâ€" men it was far more. for they think of it as perhaps the most- precious of their historical itinuuiueuts. It appears that the walls and towers ‘liave not been destroyed. alt‘llfiilglll ‘much of the statuary and carving tlmt ornamented them has been broken and chipped. The beautiful woodwork of the interior is ermâ€" sumrd by‘ the fire. and most. alâ€" though not all. of the stained glass is ruincd. Rest-oration at very great oust will be possible, although is none that cannot be reâ€" placed. ' llt’lill\ l:- a \cry' nucwni town. Before tlu- lemons came to France. ,It was the chief seat of the tribe of There the liemi, ulieucc its name. .nus n lllrlltill in Reims within three hundred years of the crucifixion of The Vandals. and the Hurts lmlli spoiled the town, and when (.'lu'~‘l$ (‘Uiltliit‘lvd Gaul. be was Imp? For centuries the from the fatcreil \iul that, tradition satil was «out (lawn from Heaven for the burpâ€" tism «.i (,‘luyls. 'l‘lie L‘uillrtlml. “llt‘l‘t' that core- mony used to take place, was built. in the thirteenth century). The most striking feature of its exterior trance portals deeply I’(‘(‘t‘c'59(l and exquisite in proportion. and these pm‘iulx t‘t‘liiillllr'd bctwccn five and six hundred statues of saints, nn-r gels: uml symbolic figures. There were also \ory interesting groups of :z-ulpiurcd figures that repre~ sentul ll‘um the life ml the Virgin. «loivcrsiv-u of Saint Paul. the Lust Judgment. S4'“l|('~; llli‘ .‘lll(l ,Miuiy' mi [lie ‘liiilli‘fl l1le been :orue u'lmt‘ (lol‘ucctl by time. but most \\'cl‘l‘ intact. and they ucrc per linps [lie must Ilrtrrcrllng vxumples nl )quiuwul H'lllfllill'l‘ the uol‘bl piwesser. ,\lmvr this remarkable throng oi llglil‘r‘s «If Mini“ was :1 great >lwue \\lll(l<l\\. rwzirly‘ f’ll'ly ‘lcet liti'i-ffi. uml iil".:-il with \lilu'l‘lll Klilllliil H;,r:lu-i <1i‘l \\:t- :1 . ,, i~£l. >i‘iiii."\ in ’1? “.5 ‘lrv 1mm. in“ Ill l-ml' \ inn 1“ 1!‘.'l1!' n, A w there are three on“ Clovis, and the kings of France. Above all soared the lofty towers. l'I‘hc towers were originally crowned l with spires, but fire destroyed them in 1481. The north portal. which was also decorated with statues, is only less beautiful than the western facade. The graceful flying buttress- es were each crowned with a niche in which a. statue stood. No other church in the world was so lavishly and. on the whole, so effectively deâ€" corated with sculpture. The interior is less ornate. but it contained over one hundred statues, The nave is 125 feet in height, and hardly inferior in majesty to any of the other great. cathedrals of north-I ern France. It is an old saying that the choir of Beauvais, the nave of Amiens, the pontal of Helms and the towers of Chartres would together make the loveliest church in the world. The glasa in the great win- do-ws of nave and transept at Reims was one of its greatest channs. Almost all of it, was made at the time when such Work was most, beautiful. 'Iihere was a wonderful collection of tapestries in the cathedral. For- tunately, if the deSpatches are cor-‘ rect. those were removed to a place of safety as soon as War was de- clared. Whether the pictures by Tibia-n. T‘intoretto. Zucchero and Poussin were saved does not yet ap- pear. In front of the cathedral stands a statute of Joan of Are, for it was to Redms, after her victories over the English, that Joan brought her un- worthy king, Charles VII., to be crowned. â€"â€"â€"â€"â€"-_â€"-* Not Fearing a Rival. Mistress (to servant) v Bridget. you remember the policeman who sat in the kitchen with you so late last night without a. light? Bridgetâ€"~Yes, ma’am. Mistressâ€"Well, I meet, him this ai‘ tcrnoon. and I took advantage of the opportunity to speak to him. Bridgetâ€"Sure. ma’am, ye need not think that’ll make me jealous. l l l l 'l‘hc Fortunate Kaiser. “There,” said the amateur strate- ,gist, “is how I'd end the war. What '(lo you think of it?" "I can’t help thinking," replied [the little man slowly. “how lucky the Kaiser is that, you are over here." When some people have a little tune to waste they annoy ()tllt'rs who haven’t. idelll'tl‘écl the same sermon to his congregation for three Consecutive l Sunday's. I i i .\ certain New England preacher l l l , .\t lasrone of his dcacons lnpprouchcd him on the subject and l, Si'ggeslctl that a new sermon might :be acceptable to the people. “And {why-f rcplicdihe minister, “should I I preach a new sermon. I have seen lull Juwd rwuits from the“ Hlkl one 5% GdVERNMENT DE? ENTURES FHRCFVIRMDEICM=(DRFTAWKHD Interest Ist April and October Denominati Due Isl October, 1919 on of $1,000 Issuea’frre from succession duties, Provincial and munici- fial faxes. These debentures are a direct obligation of the entire Province of Ontario. At no period in recent times has it been possible for the investor to make purchases ofProvince of Ontario securities on such favorable terms. Price, par and accrued interest to yield 5‘1. Orders may be telegraphed at our expenre. AQ.ELAARHEE§JE(3CL Intuzmcnt 8.: when Union Bank Building, Toronto Established 1889