October 21, 1867

COMMERCIAL BANK CEASES OPERATION

The Commercial Bank has ceased operations. The bank, the third largest in the Dominion, with a paid up capital of $4,000,000 reported to the Auditor of Public Accounts that as of September 30 it had assets of $9,140,982.00 and liabilities of $4,657,048.00. The Montreal Herald suggests that these numbers cannot be taken to have any meaning in the face of a recent recommendation that the bank reduce nominal capital by 40%, as well as losses the bank is known to have suffered as a result of the failure of Buchanan & Co. and other companies. Bank shares were trading at $46 at the close of the Toronto Stock Market on October 16.

SESSIONAL ALLOWANCES IN QUEBEC

MLAs in Québec will receive a $300 sessional allowance regardless of the length of the session.

MINOR SMOKING BAN IN HALIFAX

The City of Halifax has passed a by-law prohibiting minors from smoking in the streets. Opponents believe the police have more important things to do than enforce it.

CHATHAM MAN TARRED AND FEATHERED

A Chatham man was tarred and feathered on October 16th after harassing women in the town. The man, named Neddo, well-known for insulting women who passed by him on the street was chased down a few nights ago and beaten by a relative of one of the women he had harassed. Following the beating, Neddo was stripped to the shoulders after which he tar was poured over his head, face, and neck, before being covered in feathers.

QUEBEC LG OFFICE HOURS

His Excellency, Sir Narcisse-Fortunat Belleau, Lieutenant-Governor of Québec, will see those who desire to meet him on business, on Tuesdays and Thursdays between 11 am and 1 pm and again from 2 pm to 4 pm each week until further notice.