The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1911-12-30

HERE AND THERE


The remains. Of the famous villa
owned by Lenio Flaccus, where he Of
ten acted as the host Of his friend,
Cicero, have been discovered and iden-
tilted near the seashore of Brandisi.
The Eastern Townships bank of Mon
treal has entered into an agreement
with the Canadian Bank Of Commerce
to merge their interests. This Is the
largest bank merger that has taken
place i'm Canada. The basis OF the
union Is an exchange Of two shares of
the Bank of Commerce stock for one
share Of Eastern Townships bank
stock. The par value of the Bank
of Commerce shares is $50 and Of the
Eastern Townships bank shares 800.
This merger will result in the creation
Of bank with paid up capital of 49,,
coo, 600 and a reserve of $12 5000 600
600, 900. while the territory for the
banks will cover every portion OF the
dominion. including the Yukon Sir
Byron f. Walker, present president Of
the Bank of Commerce, will be presi-
dent of the united bank. The head
quarters win be at Toronto.
The family of the Cecils has once
more two members in the house of
commons But nevertheless, the glory
Of the house has largely departed
with the disappearance of the greatest
of living Cecils in the person of Mr..
Balfour. SO long as he remained at
the head of the Tory party the Cecils
might still hope to continue that ex-
traordinary position of dominance in
English politics which they have held
now unbroken through three centuries
OF English history. Balfour never
cared much for strange faces, and,
like his uncle, the late Marquis of
Salisbury perhaps, stuffed every cabi-
net either with personal friends or
with relatives of the great Cecil house.
Now that Bonar Law, plain Glasgow
business man, is at the head Of affairs
in the Tory party, the Cecls will have
| little show. Bohar Law represents an
entirely new element In Toryism from
that which ruled the party for CEN
lturies.-T. T.. O'Connor, in Chicago
Tribune.
Owing TO the adverse effects of the
raising of the duty ON home made
spirits to IDS. ($S.95) per gallon in the
1909 budget. production in the fiscal
year 1901 shows a decline of p
1885, 900 proof gallons. Last years to-
tai OF 2O,021 900 gallons is the lowest
recorded for many years and is In
striking contrast to the 35.769,O00 proof
gallons produced I'm 1899. Detailed fig
ures for the half year ending Sept.
80 1910. show that the production con-
sisted OF grain whiskey to the extent of
two thirds, the remaining third being
attributed To the four categories OF
malt whiskey, viz Highlands. Low
Hands, Islays and Campbeltowns. The
pot still output shows a decline of g.
$4,000 gallons as compared with the
lprevious year and of 4,779,OO0 gallons
as compared with 1905. The produce
ton of malt whiskey was only about
half what il was in 1899. The grain
lwhiskey. production of 1S,42S,OOO gal
Ions declined. as compared with the
previous year. by 2,231 900 gallons The
operations of the year under review
caused a net reduction of the stocks III
bond in Scotland of 3,712,0O0 gallons,
leaving on hand 112,17I0O0 gallons
and IL allowances be made for the
losses by evaporation, etc, amounting
to 10 per cent. there are still 100000,
600 gallons remaining to meet an an
Inual consumption of roughly 2i,5O0-
eco gallons. The distillers are working
at their fun capacity. and 1t is feared
that a glut will occur.-London Econo-
mist.