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Saturday, October 4,

ip'ALBERTA "WATERWAYS ROAD
J.  I). aicArttiur,   of   AViiinlix'B, s OflVr to  AllK-rtii (¦ovcrniueint
ft*
Imouton, Sept. L'3.—The Albertu 'b long lookcd-for boIii-¦¦"^tli>]i to the Albrrtu anil Great Water-;: W}'8 difficulty was presented to the legislature just In-fore adjournment at the close of the session last night. It took tlio form of a letter from J. IX McArthur, railway builder, of Winnipeg, wlio luia now under construction the Edmonton, Dun vegan <• Uritlah Columbia Railway. Mr. JlcXrthur proposes to take over the A. &• G. \\". Railway on terms a.itly-fuctory to the representatives of the bondholders and the Royal Hunk and construct tlie line between Edmonton and Fort McMurray on n route approved by the government, the specifications, however, to bo similar to thosp of the 13. 0. and B. 0. Kail-»*a>\
Tlu1 premier, in his brief statement, accompanying tho leading of tin' letter, stated that the. proposal >v-flS satisfactory to all the parties Immediately concerned, including the (lovernraont.
Tlie Alberta & Qreat Waterways problem luis been awaiting r solution for more than four years. It wrecked tlie first Alberta government mid has proven a source of endless trouble H> the second.
tn ll»ui> the Alberta legislature in-sued a charter to the Alberta and Si-eat Waterways Hallway Company, authorizing it to build n railway from Edmonton to Fort MeMimay. with branches—about :'.5U miles In nil—connecting with the groat waterways of the Northwest to tlie Arctic. The province guaranteed tho company's bonds to the extent of $20,000 a mile, and ?-l<>0,000 for terminals. The bonds to be for f>0 ytars, anil to bear interest at 6 per cent.
Pending the issue of the definite bonus, a single bond for $7,400,000 wim issued by tilt? railway company, and guaranteed by the Provincial government. This was taken up at par by J. P. Morgan & Co., which later made a public isstiu of the h *><ls in London, Paris and New York, realizing 110 for them. The |>roce<>ds of the sale, $7,400,1100, were deposited in Edmonton banks, $6,000,000 In the Royal Bank, $1,-000,000 in the Union Uank, and $400,000 in the Dominion Bank. Construction work was begun, surveys pushed, and supplies purchased. In February, 1910, a fight over the ttjrms of the agreement with the railway company developed in the A'iterta legislature, and in May Prc-
suecoeileu by Hon. A. L. Sifton, the present premier. Under Mr. SlCtoit'fl advice the legislature passed an act confiscating the whole of the proceeds of the bond sale, $7,400,000 and interest, to the general revenue fund of the province. The Dominion and Union banks paid the money hold by them into court, but the Royal bank refused to hon(,r the province's cheques, and was promptly sued. It made the railway company and construction company co-defendantB, and though beaten twice in the provincial courts, carried the suit to the privy council, where It won.                                              *
Briefly, the judgment of the privy council was that the conllscatory statute of Alberta was ultra vires. the money having been obtained for the construction of the railway and deposited in the banks to be paid out during the progress of construction only. The money then became the property of the bondholderu if the undertaking was not proceeded with and a provincial legislature had no power to affect the rights of thoRe who lived beyond the. province. A phase of the controversy which has not heretofore boen disclosed, injected an International feature. In June, 1911, \V. R. Clarke, the Kansas City banker, who promoted the railway and sold tlie bonds to the Morgans, made a formal complaint to the state department at Washington that the rights of Ajnerican citizens had been taken away from them without compensation. The stale department laid the complaint before Amlmssador Dryce, who communicated it to Sir Wilfrid Laurier's government, which was about to ills-boIvo and go to the country on the reciprocity isaue, There was no reply to the complaint and it was followed Ijy a peremptory note from Secre-ftl\l% note reached the government which,,: in* 'meantime, had come lato.jSoyieiv The Borden ;. government • advlBed rMr. _Bryce that the whole queetioti was then at issue in the courts: •":¦""¦¦
As soon as the Alberta legislature passed the bill attempting to confiscate the proceeds of the bond salcB, the provincial government felt so sure of the constitutionality of the act, that it borrowed from English banks $7,000,000 on treasury bills and renewed them at nix month int ervals.
Mrs. McSorley arrived in Fort ..Oiiorge Wednesday, to join her luis-Iiniu), Dr. H. S. McSorley, who has been lirnetiainK here for sonic months.
. Mrs. F. A. Tovfuseml and daughter  -3p£ Vancouver, were iiaasengers on ^               11. C. Express, arriving
 afternoou.   Mr.    Town- been living in  Port ClHnrRft :;»Qme months.
FARM LAND
______________,-------—  IN T11K ——----------------------------
Fort George District—Nechaco Valley
Carcfally sek-clotl land nt reasonable prices and on long terms. We own every acre we offer for sale and can give guaranteed .title.
R. R. WALKER, SOUTH FORT GEORGE
Resident Agent ul the North Coast Land Co.. Ltd.
NORTH OOASTLAND COMPANY, LIMITED
Pnld Up Capital         -        SI.500.000
Suite 622, Metropolitan Building            -            Vancouver, B. C.
If In Town for Purchases in House Furnishings
TRY SANDIFORD
The Leader in Furniture and Household Lines
Tlu- pioneer in the Kortli Country.
Carpets   Rues  Linen, Damasks, Crockery. Etc.    Cabinet Work 6'                       to Order
Price- to Suit All Purses.
J. W. SANDIFORD, gSfSL&TE-c.
Fort Fraser B. C.
The Land of Big Crops
Fort Primer, the iujw trade centre of the Neehaco Valley and the interior of Hiitish Columbia, is surrounded by thf largpsl tract of kooiI agricultural land in British Coiunililiv. Knit Fraser luis a fine system of inland waterways luiuling t<> II, Insuring a largo rural trade from this wonderfully new, rich land. Hundreds of people are Hocking into Port Fraser, aiul land values lire continually mi tlip InnrenKe.
Secure  n  lot  imw  on  PMy payments niwl  liecoihe independent,
I'liKiuirc of
Dominion Stock & Bond Corporation, Ltd.
winch »riii!>i.\<;
VANCOUVER,  B, t".
QVALITY our. Motto
\
NEW CARIBOO HOTEL
QUESNEU
Tho licst in the Cariboo District.-Modem and Comfortable.'
New Twee Storey B All UtUsidf Rooms.
Our Cuisine and Service are noted
White Chef
Rates: $2 per day and up Monthly and Weekly Rates
J
FORT GEORGE TRUST COMPANY,Ltd.
CARL C. CUTLER, Pre»ident
CAPITAL        -        -       $1,000,000 Head Office                        Fort George, B.C.
Burglary   Insurance
We issue a very liberal Burglary Insurance Policy at remarkably low rates-
See Mr. Gillette
Acts p.a Trimtee, Administrator,  Kxecutor, Assignee, Guardian, etc.
Receives money for investment In   mortgages   under   guarantee   of principal or interest, or otUerwise,  on such terms as may be arranged.
Underta/kGB the management and sale of real estate. Correspondence invited.
References: Bank of British North America, Fort George, B National Bank of Scotland, J.miilun, Knglantl.
CENTRAL AVENUE, FOR! GEORGE, B. C.
¦      INVK84IGA.TB THE POOjOWTNO •        Acreage—
100 acres, two miles from town, wltb lia.lt a mile of wuterfroiitage.
$100 per acre. 80 acreB good land two miles from town, very suitable for subdivision.
|5C per acre.
We have some five-acre tracts within four miles of town,    Land guaranteed.    Easy lermfl.
Lots—
Comer Highland atiO Lincoln avenues, $!>50. Double corner, Cnasiar and Winchester.    What offers?
Houses—
Four-roomed log bungalow, fully rum lulled, on Third avneue, ?Sdo. Frame house on KirBt avenue, five rooms, %\ 000.
Cable Addrc8&:
"Edina,"  Fort George, B.C.
II. W. MONCREIFF,
Mauagtr.
D
ON'T ^ without UGHT
Have your Residence, Store or Office wired
Fort Georffe Electrical Construction & Supply Co. I'ori)l(in»i«iid«|>edflcntioii8.
P.O. Drawer 203.                                                    Phone No. l
STUDY THE MAP
It Tells the Story
Docks. Warehouses Construction MeAD Quarters
The in«in inoMMigor station, jih omIwmI liy (he Oi>ini«ii)ii ltuilway ('iimiulsslou, is located llu'me thousand I'ee-t <¦««( (»f (lip towns!to and Ik .hIioivii l>) » l>liuk arrow. Tlio |icriuaiieiit. litiNiness centre and best residential district will always bo located west of the Inilliiii rosci-vallon (iiiarkwl (insltctch (J. T. I', property). It cannot lie otherwise un uccouut of tho t«i|u)|fri»|ihy of the siiri'oiiiiilin" Itinil. T!ie< city will eonllmio to grow to tho west liecaust' laitil in that illrwrttou Is high uiul dry, fr«» from swniuiis, averlliw. nti'l almost lovel. The railway simps, yards, roundhouses anil frolKht houses will bo on th«« Intlian reservation uUjoiiiini; Korl Onrgo on the cast, Ttils property I»a* been lnircluiseil by the (irniul Trwuk I'noiflc IUIIwhj- ami will be Port C!i>«rgc-'s roilHiij liulus(rh»l umii'.v,   It vvll 1 provo valuable properly for ilmt  |i\ii'i)one.
1
to                                                                ohdbr no.    19347
THE BOAHD OF  RAIL'NAV C0MUISSI0HSHS  FOR  CM!ADA.
IM THE MA-1'TER OF the   ap-pLlcatioa of  the Natural Resources Security Company,   Diixu-Itsd,   of Vancouver,   in the Province  of BrLtiah Columbia, xinder Section 55° of the Railway Act,  Tot  an er&er directing the Grand T*unk Pacific Railway Company  to , consWuct  a  suitable   station at or nefir Fort UeorgQ* britiah ColWml)ia:   File   1PO^!4
APD  11°  TTE  JAATTBR OP THE Order  of  the  Board No.   lB^O^, lated luarch ^>0t>i,   1913.,   made upon tl-i5  application or the Grand. Trunk Pacific Railway Company,   and approving of  tlie  location of the Company*b  Btation at Prince  Georg'),   it ;<.ileape 467.3 Prince  Rupert  Kaat,   in Indian Reserve  No.   1,  Ranp.ei 4, Caritoo District,   in  the province   of British Columbia: File  2141B
1"HE    14th
.   A.TJ.
H.L  ERAYrON,   K.     C,
Chief          i
D'ARCY  SCOTT
,AsBt, Chief Comniiaaioner JAMiKS MILLS,
Commiasioner S.   J,  McLEAll,
Gommiasioner. A.,S.  GOODEVU,
Commiasioner.
UPON  the hearing of tho mat tar at  the  aittlnga of the Board held in Ottana,   U*y 6th,   1913,   in  the presence  of Counsel for the Orand Trunl< Pacific Railway  Company,   resLdents  of Fort George and South Fort  George•bein^ rspreaentei rL  the hearing, 'and what  was  alleged;   and upon -the- report and  recommendation of the  Chief Engineer  of the  Board--
IT  IS  ORDISRBD.
1      That   the  Grand Trunk Pacific Railway Company be,   ajid  It  1b
hereby,  directed to erect a station  at  a point three thousand feet east of the eastern bounfta.ry of Port G-eorge Towneltat plane r/llto<ri£ttiJthd  b»La elation to "bo filed with the Board for approval.
18902,  date! March 2Oth,   1913,  bo,  and it i» (S-G'D) D'AKCV SCOTT
OTTAWA MAY 2J  »fll5

 _ B0 ARD_0P_ RAILWn  COIMI SSI ONERS "FOR" CANADA
For information regarding investments, business openings, farm lands, town lots, subdivisions, wholesale and retail, timber lands, mineral and coal lands, water powers, etc., address or call
Natural Resources Security Company, Ltd.
624 Vancouver Block Vancouver, B. C.
Fort George, B.C.