tr.
. ;
E-VEOTNG FCBLIC LEDGER-PHILADELPHIA, THURSDAY, JANUARY 16, 1919
r
, ,- "Ms 4
') Cotton Barer and Sellers
Xw York, Jan. 16. January St liar
nd Kelffer bid ; "Hartcom offered.
March McFadden. 1L Hubbard. Mlt-
shell, Schlll, Montgomery and Munds
Dia; iiopKina, w. uumoens, Johnston
10. cone orrereu.
May Wilson. .Mitchell, n. Ifuhhtird.
rvla, Kelffer and Hyman bid; Jay,
aricorn, u. uumoens, Newman, HiacK
la itussel onrered.
July Don ns. Kellar and Brooks bid:
Southern Counties Gas Company of California
(Operating- in Los Angeles, Orange and San Hernardlno Counties)
First Mortgage 5V? Sinking Fund Gold Bonds
Dated .May 1, 1010. Due May 1, 1030.
'Interest payable May 1 and November I. l'rinclpal and Intel est payable ol Central Trust Company of
Illinois, Chicago, or Lob Angeles Trust & Savings Hank, Loh Angeles, Trustees. Coupon bonds In denomina
tion of J1000, fSOO and StOO each, icglstrable as to principal only. Callable at 102i and Interest on any
Interest date.
Interest payable without deduction for the Normal 2 Federal Income Tax.
These bonds have been Issued with the approal of the Uallroad Commission of the State of California.
Application will be made to hae this Issue certified an a legal Investment for California Savings Banks.
Southern Countlci Gas Company Is now supplvlntr gas. ulthcut competition, for heat light ami Indus
trial purposes, through 985t; miles of mains, to over 40,000 consumers, In forty cities and towns tributary to
tho City of I,os Angeles, and having a population conservatively estimated at 200,000.
(As
V.AHIAL SlUtM
Preferred
Common
ruri li t.u utur:
First Mortgage Bonds $10,000,000
Debenture Notes 400,000
Includes earning anil expent.es of Ontario-Upland Om t'oinpany, which is to be
acuulreil by the Company as soon as transfer un b) elfected.
I noi motion iciiardina tllh issur s pivrti in a letter of Mi: VrrJunntl J!. Bain. I'rcMcnt, from whhh
tee summarha as follows:
These bonds, in tho opinion of tount.el, aio seemed by a find, inortKARp upon till of the ptopertles,
eluhta and franchises now owned by the Company, as well as a n'ortimRe upon all ct the ptoptrtles which
It may hereafter acquire. The tcmainine $C,437,000 escrow bonds may be iraucil onl tinder ionsenatlo
restrictions of the trust deed.
Tho trust deed proides for an annual MiiUIiir fund equal to i." of tho outstanding bonds. commem.lnK
February 1. 1D.S, one-half of said fund to be applied to the redemption nnd cancellation of first mortcaK'
lionds by purchasing them in the open market or calling them at 102'4 and Interest nnd tho remaining one
half thereof to bo used in reimbursing the Company for sn of Its expenditures for permanent extensions,
enlargements and additions, which are not to be made the basts for the certification of bonds.
The Company operates under perpetual rights derived under the Constitution of California, oi under
favorable municipal franchises extending beond the maturity of these bonds.
According to tho estimate of our experts, the presnt alui of tho physical propert. exilusiso of
intangible Items, after malting liberal allowance for depreciation. Is m excess of H,: 300,000.
Owing to tho favorable climatic conditions r.f Southern California and the scarcity or coal nnd wood
for fuel puiposes, gH Is universally used for domestic cooking and heating and also to a very ltrge extent
In the op-ration of hollera and Industrial plants, giving the Companj a diversified load
wk ni:co.i.Mi:Ni) thi:m: honds j-ou ixvkstmknt
PRICE 90 AND INTEREST YIELDING APPROXIMATELY G.50' -1
Powell, Garard & Co.
Stock Exchange Building. Philadelphia I
New York Chicago Dallas
ASSETS
Real Estate
First Mortgages on Real Estate
Bonds and Stocks at present market value
Cash in Banks ;
Fire Premiums in course of transmission
Marine Premiums in course of transmission
Accrued interest and all other property
Total Assets
LIABILITIES
Capital Stock $4,000 000 00
Reserve for reinsurance 11,755,185.87
Reserve for unpaid losses ; . . . 4,488,800.00
Reserve for National and other taxes. 735,000.00
All other liabilities '. 219,471.04
Contingent Fund 1,168.940 25
Conflagration Fund -. 1,000,000.00
Surplus 6,000,000.00
Total Liabilities $29,367.397.16
Surplus to Policyholders . $12.'' ' r,
Losses Paid since Organization $203 '
ASSETS
1800 $718,100
1825 636,600
1850 911,700
1875 4,686,800
1900 9,261,800
' 1918 29,400,400
A)ttri.a'a Oldest Stock Fire intirmuo Coi.tpnii. Organized in Independence
Hall In J7J.', icnen George W'aMngton was President of the United States.
FIRE
OFFICERS
BENJAMIN RUSH, President
JOHN O. PLATT, Vice President SHELDON CATLIN, 2d Vice President
GALLOWAY C. MORRIS, 3d Vice President
T. LEAMING SMITH, Marine Secretary JOHN KREMER, Secretary
JOHN J. CONNOR, Treasurer and Assistant Secretary
EDWARD H. COATES
JOHN STORY JENKS
EDWARD HOPKINSON
CEORGE II. McFADDEN
HENRY W. B1DDLE
C. HARTMAN KUHN
ARTHUR E. NEWBOtJJ
'i
! ' . '
Wilson. Tlussell, II. Hubbard and New
man offered.
October Ilountree bid; Schley and
Alkcn offered.
No Change in Refined Sugars
New. York, Jan. 10. Iteflned sugars,
are unchanged at !c, less 2 per cent for
cash. The demand is moderate, and re
flnern generally are making fairly
prompt shipments. Haws are unchanged
fit 6.055c.
$825,000
CAPITALIZATION
officially reported as of December 31.
6'e Cumulative
Authorized
$2,300,000
2,500,000
- inuuuci amount or present Issue.
EARNINGS AND EXPENSES
(As officially reported for year ended November
Gross Earnings
Operating Expenses, Maintenance and Taxes
Net Earnings
Annual Interest on $3,563,000 First Mortgage Bonds.
Balance
127th ANNUAL STATEMENT
Insurance Company of
NORTH AMERICA
PHILADELPHIA
AUTOMOBILE
One of Philadelphia's OLDEST and STRONGEST Institutions
Directors,
CHARLES S. W. PACKARD
J. PERCY KEATING
C. COLESDERRY PURVES
DAYARD HENRY
EDWARD S. BUCKLEY, Jr.
WILLIAM P. CEST
THOMAS S. GATES
HEAD OFFICE: Third and Walnut Streets
UPTOWN OFFICE: Real Estate Trust Building
NEW YORK BUTTER AND EGGS
New York, Jun. i.lltTTEn Ilreelpl.
030.1 tuba. Ittflier eonrln-. no", ffflTci ex
tras, one: firsts, oseni'ii seconds, oOf"
(IJVic! Mate dairy. 0505V4ci Imitation
creamery, 4HMne.
r.uwr lirceipte, 1.'....'., cases, r.mrae.
flic: eitrs firsts. 111! VietftSct first. BlWOtHc:
ed llW.VIel dirties No. 1, nflWATc! No. V.
M0S.1CI chocks. 49Vate: State while, TW
tisct western and southern white. ft2nr.ei
PaclAc count white. ntei nenrby white. IWW
OSes brown, (liitrMci mixed rolor, lUftiUrt
'-.nnery white, as.rTiie. natncreo. wnue. u.v
use: pullet white, nitffl'.'c.
1
1918)
Issued
(None)
$1,500,000
03,563,000'
100,000
00, 1918)
$1,500,861.53
1,067.575.51
$433,286.02
195,965.00
$237,321.02
Baker. Ayling & Young
50 Congress Street, Boston
Land Title Building, Philadelphia, Pa.
December 31, 1918.
'. $272,431.01
121,324.25
23,317,232.83
2,395,335.33
1,604,900.87
1,042,014.51
614,158.36
..$29,367,397.16
MARINE
BENJAMIN RUSH
WILLIAM S. GODFREY
EFFINGHAM B. MORRIS
JAMES D, WINSOR, Jr.
J. BARTON TOWNSEND
JOHN O. PLATT
PHILADELPHIA MARKETS
GRAIN AND FLOUR
WHEAT Ilecelpta. 42.1131 huihols. The
market wat quiet but firm. Follonln- were
the quotations! Car tots In export elevator,
(internment Margins Inspection, standard
prices No. I rnl winter. f.'.Sril No. I
northern surlna. tiMlii. .Va. 1 hard winter,
-'.St): No, 1 red winter, narllckv, J.87t ,
o 1 r.'l smutty. I'J.ndt No. 2 red winter,
'-"li No- 2 northern sprlnir, ,.'.3Hs No. ii I
llrky. i'.34i No. a red. smutty. .! Mi No. 3
I.l1.w,n.,rr- -''-,l N'o. .1 northern sprlm.
.'a2i No. 3 hard winter. -' a.'l No. red
3, carllrkv. smnllv. t'.?4
CllltN lt-eelpta. 744 bushels. Demand
waa light nnd prices were weak and lower.
We quote l!ow In car lots for Intal trado,
as to oualltjwand location, at MB3UI.no
Per hushrl
OATH Receipts. 4(1,330 bushels Trnde
!'aa quiet, but prices were atsadlly held.
e quolp car lota as to location; No. '2
'hlte. TOSWNOc. standard white, 71lff7!le,
No 3 white, ;n78,4c! No. 4 white. 7'4D
..TV.
PU)I'n Itflnl.. ft r.fift asm T.onntln In I
Mcln Dfmnnd rnntlmiotl UbM and prlCfH
j fnvored hucrn. cjurtlAttofin: To nrrlvr. per
! 10'. pountli In l-tii.pounfl fiiCKB Winter.
trnltfht ft uoff ti n, Knniw ftrnlfht.
Jin vifii 10 7,'.; do. hort. patent, Kin nM
M J0i uprlntf. (thort, patent. $10 i.Oli'in no,
I do pMent. tlO.SStflU.aA, do, flrnt ilear,
111 MH9 00.
, ,..HVB KLOUTl uab dull ?t former rnten.
Wo quote at $ 7.1ft l, 40 per barrel, tn
ittCka. an to quality
PROVISIONS
The market was cenerallv steady with a
fair Jobblne demand. (Quotations fliy beet In
s la. smoked and alr.drlrd. 47e; T.lern biet
In aeta. smoked, 47e: elty bef knueklea and
, tenders, smoked and olr-drled. 41el western
P'eJ.. knueklea and tenders, smnkfd, 4Se
I beef hams. 100: pork family, t.inoritj hama,
if. P. cured, looai-, iUOmlici do aklnned.
loose. aiit437Hc: do. do. smoked. 3sV4
, Jl'ic: other hama. amoked. city cured, ft.
lo brand and averacr, 304334 c, hams,
I smoked, wsl.rn rura AOfirsoU. An hollsd.
I boneless. r,ic, plcnlo ahnuldpra. R. P. cured, 1
ions, i-oo, ua. smoked, 3ie: bellies. In pickle,
"". o.ic; orfaKiast nacon, cltv cureu. oc:
bre4kfast hjcon. western cur-d 14c. lard,
I west.rn, refined. STitCTiJc; lard, pure city,
keitlo rendered. t:727'4c.
REFINED SUCARS
I Offerlnca wero llirht and tho mari.M ruled I
lirm on a basis of Uc for lino nrunul.it. d '
' rA?nv PtinnitrT
I UAIK PRODUCTS
, ritKERK Supplies were small ami tl.e !
market ruled Arm with demand oouul to
i .t . .. . - . .. :. .. . -
wiu oiierinas. ino to aw ns are tao quo-
lallons. New York, whole-milk fancy, frrsil.
HStldSCi specials hlsher. New York, whole-I
mint, mr to trood. rreen aTKPii'tc. wiscon
sin. wholc-mllk. fancy. .J5fc.!3'a c. do. do.
(air to aood, a 7 W .17 4c.
JlUTTKH orrerlnita wcro moro liberal
and the market declined Ic undir n luhl
detnan.1 Quotations. Solid-packed cream 1
er.
extras, iijc, hliihcr aiorlnu soods ils(l
. .in- inn Biinp inr
I li.fl flftw ttrssttt iltrt. lln .oisinl. l U l .Ills-,'
' Jnlil.lntf sales, extrti III sts,
' friTXKV l,eoe.d. .', t nrn(l. 4nl.l.l. ..V -1 At TU..
M. irr """"". K.'"'i a.J '? smuiiy ji.sn, ilo, wr liushellmsket. ins Apples,
!r HL'l .n ! red. i.30l No. 4. 1 eatllrkr. trn. nr box. I'.'fl '.',. l,unone, ier
iT ' No. 4, smutty -.''J7i No I car- Imx, ;f4, Oransea. rinrtd. for ernte,
hcky. smutty. J'J.i'i , No, 1 red, M.SHi No , f2.doS3 23. Tamcerlnea. Florida, por strap.
lulr to unoil. .IsSCiuic. heaw lulx-l nnd urk.-ra. tti.sn. IlKlit
KOt--The market for fresh bks ruled I orkera uiid tdits. ii JiHil ..u. loush. 1
firm llli supplies well cleaned up Ouotn "" 'J stoita $li ii Vi.t i
lions: free ensea. nearby Hrsts. JlO ill p. r ! , i,,,,l'l:', A-S..'- VJII''i Itej-elpts. Onnii
t- current receipt., sis i.n per cssoi hi'ii.1 Mow ..,! .,ii. lower, latnlia. Ml J
western, extra firsts. IS.WIHl I'll per case. 7.;; x.urllnoa lliif I I .hi. w.thera J1JW
nris sis 4.lt is mi par case. inrerir tots - ' ' ': n,x,u sheep. m.,.,U
lower, -elected frch Jobbing h Ol'rtl le , n -i ,
POIIITUN Knn.is ( ity, J.in. Id. i ATI I.U - Receipts
lUCJCini 1 niKin heiil siironu. IV hlsher
I.IVl: IMUI.TIIY Trnde was aim, nail ' HtWtS Iteeelpla. Iil.r.lill head, fitendy, ,'ie
prices oi sprlmc ihlikens declined P woo-
lotions Fowls, iiicordlnu- to slie nnd nun-
It H'.'vaie, sp-lnit i nn Kens ueiulillnic to
iiu.ilit. -sfi.iic, roosterB ntd'.'-i; iluI.s.
l'ekln. 333xe. do Indliin Ttunner. a.'ii.lle-
Reese, .'l.'SfSiie turkes. 34':nlc. sulnens.
Minna, per pair wilKhlnit Vi 'J Un nnleee.
51(1 i.1, smiller slz m, c.Des.lc, pulnens.
old. per pair. 7.1(1 Mlc. plKeons, old. pi r
pair S.'CS.Ic. do. ouu?. per pair, i1ftl.1l',
t'R17SSF:l was lr fair demand and firm
under Unlit receipts Quotations Tuikee.
v nearby 441KSC. dj. western flincj.
43i(i'4ici do. rnir to Komi, asii lie, Un
mmnun .luMS.Ic, old turns, Itsrii 4110: old
boxe'a ll'hlnar I '4' lbs "nd'.ae "apiece"
SB? wVlEhlnl it.s1 npl.ee. 71V smiller
sires i'lffillL'c. frli'lilllnl rows In Pols
mV H;.e.T-a "".n-iSn il.ea?;es3f "old .njn.. onl, f-.r: huare . cheap more -n.l Ohio Itallroajl and a F.rtep,.. ' SrW mS' S jrU to ihm io lie efa ,' S '
SeYteVn'- drV-ffit'e'l .5l'i;,",!!eiEh,.7"a HTr.Blls - ilcelpt, mn.len.t-. marl.e- Kof Kulne?!lS,I ' rt" "ll,;it " fl.l"-aBo mid $8.33 fo, dent and tconon.lcal
lb. np"ece!r37e '. .isliin 4 lbs. ..Hete "-file; ! "'"'J' to Jt lo-..r ut J10 to 13... demand "" r " "-' ' ' Me;jta,'1',U,tC,, r 'V" -' ,cJ wh-- T"" "oicinment's In order to proNo Ills points. Mr. Vail
w.lBhlnB 81, lbs ai-leee :tl8ie. ylshlnBl '" ,wi-I'.e, i, 1, modern!. tnarkei on or less acthe "on Ml 1 I Z,irk'" ls t;i 8 cr,,,H uml,r tl,v Present treats In a thorough manner the whole
1 -nrlVnub piope'"." onti'ttlon win, iho.mlrkc, foP .,, wlnU.r ttlieali wllIch , art of Ul(J tpctrIcal tjallsralsslon ot ,n.
o?er 1 Piece 'alio. wiiihliB a', lbs ..Piece I fair senrje. tor haul winter.-, the (Sox em- tdligence, and by de-crlblng the history,
34c w.lifhlnir a !,.! lbs npiiee aW.aic. M.Al-Ilwipta m '.ilerute ; market rti.iu inenf.s figures are liifi 1) tents moi.i than nietliods dexeioiiment and achievements t
briiillni: ihlclienJ u.lk-hlni; I 'a ii '.' lb" nn fr.aliialiea.it l.'.i tu S'Js frorcu alnri , ijii'.i xtix-ix-' ctin,,-. llio onen mnrl ,t nrloo 1,1,1 ,111 sneini-u . ! ' uteloPm(ni nnu acniexementH '
I apece." K4'J, itc' ducks. "" wette.n. iiw. , lt -' l-wr ai ir. to J17. demand fulrl- l.Ol.AI, MIM.N(. SE1AHI.S 7 ,Y c its hlcher Th in i i.lS "' ,1" "rt ",aUe9 a" ""'" erable argu-
iKST" "tNilscV' JlSSlZ- pe'r"".?or-;.!'".!hl.e? "fi!oitK-lle.e,Pts fa.r.y l.bcr.,,. tnarke, ToNOI-AU STOCKS i Zeti as "rVlv "Tr' U ",r1,, f"p. ""'y""1 ?VSM "', ""J
weia'hluB tit. is Ibl f per' dozen ' slii a.v slow 1.. U Ioer at '.('. to .iu d...i..n.l , 111.1 A; country. It ls not expected that millers I Krca"' 1,l'"'"t ' 'p l"'hllc and yet
white welnhlnit fii 10 lbs per docn. t7r I lut fair ,..,,, , , . ., M,rv 1X1.1,1 '.J 7!! "Ill pay tloNcinment prlceH for wheat Propctiy icgulatcd nnd controlled from
5-S!- ,do,UdoM,ri'.!,'1 Vr"l?wW ..'iWMf'KS Ii'Vl ,,lrESi,..n;i,2S:t ' j: . .V-''"""-" :'" ",Ut ca" b" hnrt "" "' 1- a .inglo federated source He says the g
A:, it -'..r'.V; iu- V-i .i--IJr m. i .1-V1, mi'thin'- !t,.h.t in(iirjii inrkri -MIim.! hxUM.Mlun ti. i,t . wire HKtom of tho future l he OllK
tt 11 . .. . ... .. .. ..i..n i(, ,,,h h. j 1 i i l -shjxx- 11 mt-1 tin 11 11-' 1 mill 1111 u iiimi iii-'-i . ..ci 11 i-.t-m t iv 1 iiii.siii 111 ui 111 1 1171111- i.... i... t..t. i. .. ...i. .1. . 1 ihimi linn niinni rinii 111 run inriiarruii
I 1 . i. T" .. . . .. ar, .. , u, ,.,. ,1. 1. 1 tli! ,. I'l ,.....-... ...1 ..,.. y
l AI1V..AII; smaii nnu .o, -. i i. ii. nn. i. m f. . '"" !.'-.
Ullllllllllllllllllllllllllllllllllllllllllllllllllinillltlllllllllllllllltllllllllltlllllllltlt
1 To the Business Interests of
I Metropolitan Philadelphia
1 We Appeal 1
I dally
j i he Port, to use its influence in
' having1 our Congressman pro
1 s
port
I ChMtaut at Second
.
Outneas, youmr. per pair, "ftcSl'-oi old,
60S73c.
FRESH FRUITS
('holt stock nolil fairly urn! value nr
l nlly ruled firm us fnlloMs Applia. New York
n,, i.hi
us rmiiiMN aiiiiim mew lorui
4.r,0W7.5H. llatdniti XltM.'-'-ll
,i, u,-rn
i it so, n
n.. .4 .iivii.mi. iiui.i.nriiston. 14
I50' (Ireenlnr, 4Hlti wirlous arletlea, 13
. App.e. lnnlvnnl and Vlrslnla, per
.-, ;, ki.iiti Wln.san Jii'ui. York lin I
perlnl, 84..Vltf T.lulj Homo Hoauty rnncv.
I11 Anni,... per S.,iuiml njaki.t. 4lklB)
birrlca. Jcrsrv. inr bush. l.bn. 1.1 .'iiiflini ,ln.
ilo. per bid , I nil' 22. fitrawturrl-s l'lorlda,
per qt , 300 70c.
VEGETABLES
CabbtiK wan dull nnJ nirntn wrakir
Cither i rfetuble rulM ntnd f Jurtatlni
MiU put.ttoei. l.mtrrn snori. m r .mmM-
1, lUi.t.V), ,o. J. $jr..u Wiiiic io
tatoot, Nurfuik. j.iT I'bl.. f J.V White po
tntoop .!Tnfv. nor 4 hithfl ilimVpI v i
KV II. No. 1. Suvihir Whltp tMtntoen
1' 'nnnrilu. .No. I. (ut Ihi Uw . I. ."iiifv
n , mir poiaiiiPF, wPFUTii, iter hp in
i.'.VMSi i ;,( do. New nrk pt-r h Ibv
$ .HirQij ,Mi, HttM notntm-i. Jwy, irr
liAKlftL Nit .. l,fl.ait I (."l. Nu 'J, Silt
1 if.' Swift lmtntoeB, UuMlrrn Slmr1, wr
lb I No 1. nttUi Nh . ;mHi'.1 .".it.
Suft totiitoffi( PclnHr and Jiurlii.il
burtiM hHinntr No. 1. V2W1 I. No. -'.
il iTiff l.."u t'dbbuke, UntiUh Bied. tfi
ton, il1Il do. Southrrn. per Immpci
IJrJ'-T" fnlon. plov., t-r Inn. in. init
Nu. 1. $ir(JJ1i No 'J T.VUI1.
LIVESTOCK OIIOTATIONS
rhle.i.A. Jn lit HOClrt Ilerfinm. Sit fum I
head Mostlv stndv. Spots, .V low rr Hi'iiw
ImtrhlTfi 117 ll.,ftlM7 SI . mfilltim fin 1 Bh
butrhern, J17 ..' IT 10. bu.k. J17.40W IT "0
llirht. nood tu rholre. $kit h'tffr IT.oO. heaw
pniklnir Md mile 17 L'.l. medium to mined
i'r-l,(!nir,,,it,.".Vi,i:iT': """'"ut" mt
i'atti.i: neeelpta. la.iriii p.'ii.' nr
steers
fn
.Ia- lo loiir. at,-kir nnd f i .-,1. r
, steady tj IT,; "hiih.V ," lief cuie. B.i:
ihoiie and prim., it '. siwin s"., common
I nml medium li'.TA -lin 2.1 Imtihi rs' 1,-iters
$il4 .in. nms. IT LMt 7.1. shali.rs mid
reodrs Rood iiinico nun t,mi). j 'tii
eni"snr$i:.".viTfTl """um- sH''-i'.
MiKI.I' -lleieiiits. Jii.nnii hood t.aml,"
teuil Sheep anil verllns itronK to LV
Pltt.l.ural.. 1'.... Jan I.I. HOUM lie-
'elpts. Jiwii head Meml lleulca nnd
hiniy Mirkers, II i.TAtfl ..SA; lluht orkrra
'"' ,!''r... .V.,:' . r.' . . ., , . ..i ,
HflKBI' AND I.AMll'4 Iti eolpta. :il)i) head.
M"". "foP Jhep. SllwllHl-l 'op lambs.
., i., .,. ,.i ,
. '. " ..
CAIA'lN Ttecellits. Tn) head bower.
Top
$f.
i:.ist ltiifiitio. x. v.. .Tr.n lit rATrr.i:--
. Ileieints. ir.il lieud: l.lsiUoe tuner. c,ies.
rrceipiH. ei'o aciii. r-iuw . .too iui.ri. ..i'-
III
1 1 Otl Sx rtpfi1lt 4illift lfxilt PIlT1 ulnH .
nisner i losinie iiutonie lost,
HIIBKT- -Iteteipts. iluOd hcud.
Strom:. 1.1
i nisner
I
' Soiilli llmiilii, Jun. lil UOOH rteielp'.s,
I J7,.Mni hend Mendy, tile lower
CAT! 1.1'. Ilnrlpts. lioo hind Stronc,
I loe hluli, r
KlIKKt'- It 'lelpla. 171 .'Do lend fteudi.
1
f . -.. ,,,ri,-t-rT,
, LOCAL MEAT MARKET
l'he (..llnwiiiL- rpiinrl nn f), fre-l, m.ui
n ! !:.":'," '." . .::?l,!",111"1'' '? ii,r.n.,tt;';,l.,,.,. ,','r
I I"""' " nVl 'meat ofth-'of'tho l.u
'J..0' .J!".u"""- "'"" h,l" "'Prtment
t AcTieuiiure.
riillSII Itlll'.r Keeolnta. niHlemte: nial-
Asking each house inter-
cstccl in this City, and espc-
in the development of E
vide increased appropriations
for the Department of Com
merce to assist them in the
permanent expansion of our
Foreign Trade.
Our Allies are spending
, large sums of money to secure
trade experts of the highest S
calibre for such work. We 5
bhould do the same.
This Bank has had its own 5
men, day after day, investigat-
ing and studying the work of
the Department of Commerce,
and we have no hesitation in S
recommending this work. 5
We urge action in the sup-
of this Department, so 5
necessary in the permanent
development of the only Sea-
port o&Pennsylvania, the Port
of Pnfadclphia.
Please put this request with
your urgent letters and take
action.
Corn Exchange g
National Bank
Philadelphia
lUiiillMUiMltfiiiMua I
Lun aiiuu m lurh,
RECOVERY; SAGS AGAIN
'
rt.,,i 1 vr.-il.- .....I I :.!.
Unsettled WcnUlCr UlUl Llgllt
OHcrmns Stiiniilatc riirrlins
D
ing for Long Acruiuil
4IHA1N Itl.l.T i:TIIKH lOIIMAl
C'lilrato, .In n, a. Illlnol Inrreniln
rloiidlnefn. followed hr rain tontshti
warmer eiit nnd cent rati I rlduy ruin or
niiow nnd rolder.
lliourl Ruin ent nnd fconth, fair
nnrthuent tonlclitt l'rliU itenrrally fair
evtent urubablr rain or anon etreme eastt
(older.
Nront(i I'ulr tonlctrb and Trldar
fteent unttttrtl outheaiit lYIdiiM rolder.
Mlnnenotn l'olr tonlant nnd TrldrtM
i older.
low ti rrt tlouilr toitUlit nnd 1'rldnri
probabb ruin or unow itrrine aoutlieat
rolder.
.ton i nun hnnfii iiakni iimi e lrntka
Kale tonlsbt nn.l 1Y dnii collier to- i nuK" ,uovrT,J, ,,J .urrliri
nlaht. i weun strvlio tool, pleetl ore oarrlerj
Kanoaa l'nlr torlelit end lrldjj i not I from tho InKes ut the lu'Klnnln( of tlie
niorh rhnnsejn temiemliire I uraton and twelu 1110:0 ero remoNeil
e..!!now"7r roi'n'up.'i 'loSlehi '' '', thiouKli other nihi nnd various oiUM.it
,,Vwoml,"rSl?tni,t0nMtl'rl.l. e- durlnir tho e.,r, the tleet moved 107.
ent iinitmhlr inow extreme norllieit. H6.S4!! nut toliH of ore, co.il iinrt Bnilll.
While thlH Is a decrease of l.'J0f,3D7 ns
ChlinKo, Jun. 10.
, liquidation fon-ed liriivn for rout off i
Uh.triilv todnv ofier tlni m irl.et hut uls-
ni.iriiiy tounj nner llio m.iri.a iuu ms-
Iil.iSt'd strenKth follow InK a llaii of
WlkmS in " CBfly lUallPfiH
rho lower start was duo to the lil.u-inn I
Of ,1 bcalish roliRtt tlrtlnu liv 1r.nlorM mi
,.,A ., ., '. , ,
the at tlon of tho liovcrnmont In releasing
"heat fiom lit stou-s to domo-uk-
millers at IS.- ,.m r th
tin- basis priio. iVin-
,,. I
"ilslnn liollses tliel
but th,. .Umaml was excellent and prli.s
so.m swunc- unward Cnscttlnl we it her
?, , , H. ' . ., ' I
"Bht (Hillings tro.a tlio .oimtiy and
i .wit- iic.u i n.-u.-i-.
Miiimss in tlio cash artulM si'ieil in
.Irho in nunj t hurts Mid stliuulaUsl
"" purcnasing mr H)l!r iicnitint
, (lats also receded with corn aftir tln
i,'1'.'1 l,et." tinwr " ''0"" 1"'yl,1K "f
'futures by rash interests, which lei tin-
trailo to bellec tliat there was a belter
llcm'ind fin- tho iii'tu.il nrtlrlo
i .-.-- ... . ... .. .
Offerings from tlio countn wire nut
largo nnd receipts- were disappointing.
Leaning; futures ranted ns follows.
i orn tnew auiUTil- '
Via; I
'Pill Illull l.uy I'loi.. i Ins. '
I vo . ,12 l as t :il' 1 :iai8 i aj,
M.i . 1 L-7 I Tlli'j 1 -J7 1 -js'; 1 "si, I
fills f
111 17.1. H77 (.1,4, , H7
Mac . . 1',7-j l,x, IJ7' l,7. i,7.
i.iiru--
J.tn
L'.l 7H i'.'ll
7.1 7ll 7.M 70 L' I '
M.i .
miii
J. in
.11. V
Purl.
Inn . . .
..la
111,1
L.I II
i4
71 at i.(i
mi -'-' m
in si tn .in
iii an tm a
Hi 7" Id li. i Un 7n
t skid 'Nominal
PRESIDENT REED QUITS
Hoiglls as Henri of I'lliladelllllilt
f',,.. ........ u u At c;
(..Ollipnm 1(. K. .Mail bliccef-or
.ludgo Janus It. ltced, president of ' l"K plant Into another lndti!.tiy Is re-
tlio I'hlladelnhi.i t'omninv Icis issued I 0,llt''1 ln Wheeling, where a. former
, I""a"c"""!l -ompan Has l-Micd 1)U. J)ow Js u ,)rog,ierou lr,anuriu-
the following Ntntemeiiti ' trer of cans. Tho plant was controlled
in i,l. .V' NeL".'"1? F!'r s.m'!!' V'VM" ' llH' -ilellon interests when Went Vlr
induce tlie directors of the V h Hade nh a i f.,i i
Clllllll.lllV to lellel.. im, f.f luiii. r.f ....
!"";'.'" ami they have finally conscnteo
". ".r '':',vo',,.;rr '',rc.',rp-s'5'l,,u ',s
.'.'.,..,, ; "",. .'""'. .""('"".'iiiiki aunoumoH that, comintncing Jami
'"d will be succeeded
.M.int.inn ; .,
.North Mht .,.; 07
He nue I7ul.i id ns
""'t 17nd i, j,
UULlJrTL'Mi STOCKS
Aii.mli in 0",
lllue Hall o.l
Hooih lit I-.
Iilamf II 11 ii hi
I'alsv cj .in
koiwinus nt; ,.7
I'ro . nl '.a.
Wle a ill. ad s
Si ' 'r I'M: .(,,-, ui
j:im:i7i.i.ani:ols
An. I nlied ?:, -
Neiada W onde- 711 si,
T'.ip.i Minll.s 11 ,13
UUVIIRNMUNT BONDS
Hid A,
Tts nsiL red llltii . . s.'l .
'.'a reelstere.l 10.10 "js
i's coupon into lis ....
4s reentered 111.'.", HMlli
la coupon lli.'X o3
.13
:t coupon lino
Panama iia rfir lli.'lil
Panama -h r. 1; lli.'lS
Pt.iu.iii 1 :ii t.j null
Panama 71 coupon ,
Reserve Banks' Dibtotint Bales
Ofllcial discount rates at the twelve
Federal Reserve banks were as follows:
ITI.n fl-c, 1 nltfn... nl.'An 1.A -.. .
I 1 ' .te. --.'.until .lira iuu Iriira 1WI
nil periods up to and Including a fifteen-
day maturity, tlie second for a period
of sixteen to ninety days. The third
and fourtli columns nro the rates for
I HdlscountB of collateral loans secured
by Liovernment Ponds or notes.)
c.'om't pap-r Uov paper
10 lo 00 H, to on
If.Uaja das IS days dais
TtOJtOM . . .
New Tork . .
Philadelphia .
Cleveland ..
Itlrhmond ....
Atlanta
Clileano
St. Louis
Minneapolis ..
Han rriitt.'lsco
Kansas City .
Dallas
: i.
4
t
4r.
IU
4
4
i-l
to
4.
4
I
4
4';
4
t
4
IS 4
414
4.
4?
,X
4
4
4"!(
.
4'
IV,
'i
4U
r. 4';
41 fS 1
URGE TAX-DODGING FIGHT
BurliiiRtou County Seeks Increanol
ill Conioralioil Assessments
Tleteily, N, J., Jan. 16. As a result
of the victory of Mayor Thomas Leo In
forcing the Public Senice Corporation
to pay taxes on an assessment that had
,been more than tilpled, the Burlington; An 1b!,U() of jgjs.ooo Southern Coun
1 County Board of Taxation is planning a , ties CJaH Company of California llrsl
'country-wido campaign against tax ' a', a nUA'i.
uooging oy corporuiions. a supernciai
survey Is said to have Bhown the county
board that utility corporations have un I At the meetlnc of Central National
jderrated their lu.tlon. In statement, $& rwirieeSTw.'lSVffi
to the assessors more than 12,000,000 In
(the county, with the result that the cor- Ofi'ners of the National Hank of Uer-
poratlons have been able to evade their mantown were, te-elected today when the
' . , .. , , . ,,, ' board ol directors met for organization.
full share of the tax levies, while prl-
vato taxpayers throughout tho county The htock list committee of the Phil
are this year paying the highest tax on ndelphla Kxchange has admitted to tho
record. unlisted department of the exchange
In directing Beverly's fight to increaf e J'hlladelphla KJectrio Company receipts
the Public Service assessments iwT, ful- naltl B"a 50 ,,er cent l'ald' '"""Pd In
?., eSL.V-,. ??,," ' connection w th stock nllotment authoi
Clty Solicitor Francis J. Smith uncov- lzcd November"!.', 1918.
tred such a fund of valuable Infonna-I "
tlon that the county tax board, it is re -
ported will engage him as special coun-
scl to force the Publlo Hervlco and other
ciSrporatlonB to pay taxes on a true
valuation,
"
Bank of England Statement
uana. oi tngianu taicmem
London, Jan. 16. The weekly state
mi'iii ui. cue uunic oi r.iiKiunu lotions:
jotai restrvo t?,vo,uuu, increase
'1466,000; circulation 69.698.000. de-
crease 143,000 i bullion 80.544,000, ,lii.
rreflae Z4.00(1 I other aoonrltlea 1.7k.
t W ni . .......... .'
886,000, decrease 0,607.000; other de-
, l'SSlta' V;i'',70.7'00(V. deSr.eafS. H'39.0'
1 000; public, deposits. 28.18.u00. in-
.crease 5000: Government securities
62,666.000, decrease 2.211,000. Tho
iironortion of the hank's reserve to Ha-
bllltles Is now 19.14 per cent, against
17.12 per cent last week, and compares
with an ndvance from 19.71 to 19.57 per
cent this week laat year. Clearings
through the London banks for-the week
were 468,610,000, against 666.(80.000,
lait reek and 400.6 JO.000 this -week
BUSINESS NOTES
IZTZT.
ciirotnc ore, gpIcf
nrodurllon of pic Iron,
rnlcrnt nhrl rtrrn.ITinnBnneSA
faces tho trnn nfiti att men of Amer
ica Ulth n nnaalhln lnworlnir nf the nrlcefl
.f ll0 Products. At 11 meeting of the
Assoclnteil Mimufacturers of merchant
ins: iron ntm tno American Association
of pig Iron manufacturers), the two asso
ciations of American prodmJTH, this
Phaso nf tho Iron industry wan developed
thf Itmtn.llflclier Transport alton
''ompany linn rrorKnntzed with A. T.
Oucn us president nnd Knral mana
tfcr. lr. Owen is MUtxrvlMnR nwent of
llio IMilIadcIptiU nnd .Sending Hallway
with ofllcos In tlio Koadlmi Terminal.
Achievements nf the 101ft narUstlon
peuson are pointed to In the annual te
port of the Ijtke Carriers' Association,
presented at Its meeting in Detroit to
day, as proof that tho cargo-carrying
Ci'll.lCliy UI tilt- CirOIll, llKeH llCVl,
ndenua e for any burden that may be
I Imposed In the reconstruction period.
. . '. .. '..:.... i -.
,. ,i ilf I tomiMivd wltli 11". tho report liolnts
iriuwui "'.,,,, ,,,, ,i, imvleutinir te.ti.on was of
but little more than mn months' dur.i-
lln' i""1 ,1"t "' tlinp wero water
,(eH faVorabl Tor j malmum move-
nient
nal. ....... .... In. ntnnl(s
.,',..,. ldll.:,H tlui't the UKCieEato of
iienrctltno buvlnt? Is larger than irencr'
ally suppoi-ed .Vo attempt is inndo to
exurevaj It In tiKures. but in i-plto of (,'ood
shipments ill 1 comber bnoLltiRH on Jan-
,mrv er- probably les than 10 per
i. nt liclnu Ihnu' of Hcrcnitier 1 MIHh
.... ...... , ,,- i..l.
""'r"' "'" v so desir ,b for a
'5 ) ' .. ' . . J f.ii..
eillclont operating regime ('.enerally
the prudu rr ilesitlueH londltlonq n? bcl-
t,.r than oMicitcd. ith oneratioiiK not
quite So good aa a Week ago, it Is to be
i'Mu'iuu mat leportu aie nuiiieiuus m
nlant sliutdowtis. Industry, of course,
cannot expect Co per i ent operation nnd
not hale idleness. A surplus of labor
has already beiomo apparent at steel
works, with offeiM to work nt lower than
existing wage schedules. December esti
mated output of steel Ingots. J.ODS.SOC
ton". Is, wltli the same number of work-
i ing days, only i per cent less than the
Vovrniber produitlou, and there was mi
I until cable slackening of tho lolled prod
uct", a fact wnitii is favorable.
lliirlnir tills, the reoptea' Mslit nnd
Coke t'oinpanj dellveicit approximately
hUO.UOO gallons of toluol tn tlio tinvorn
nl Ah approximately fourteen pounds I
f TX.T can be made from one gallon
uf tidtiol, tills meant to the Cox eminent
11 200,ii0u pounds of tile octeil TM
No alrti- luite been tul.eii in lift
burgh to coin cit brewing plants into
other uies after July 1, and stocks and
liilliflu 1 tit.. 1. nihil- 111. .clk.ll irl, ,1,111111.1.
bonds of the leading littsbuigh compa
tihs gradually tc(cdc mi light sales.
Monday two J1O.00O blocks of Inde
! I'ent ltrewing Company bonds sold a'
' " "bile the picferied rtock brought
,ji.. ,n cxamplo of converting a brew-
ta
iht. ,,m,ct Is to sell .a-l. wheal
t mlllnrs n i , big Hto, k on hand
.plli-iilioii for rxnnrl license, tu Mew
Ico are no longer rciiulicd to nave at -
lumen inert 10 nn order I10111 conslgnun
healing tlie U uf an Anient an consul,
(lie war trade board announces.
The AoilllKstnnll. O., pn.iroll dir Ills
reached J84,l02,!ist; against $t!3.191,2iy
the previous jeur.
Financial Briefs
The Manhattan Shlit fumn.-un. ,...
pons for the 5 ear ended November 30,
litis, surplus, inter tnarges and Fed
eral tax, of (iGKl.tMI. against M$H,1:;&
111 the preceding year.
Tlie Philadelphia Mod. exchange
heat of Iludulpli i:ills, deceased, has. been
posted for tiansfer to Major Caleb
Wheeiei Lord. A seat on tlio exchange
was soiu vesieruay lor doin', tlio same
prlte us the one sold about u neck ago.
Major Lord was formerly engaged in
the lion and steel business.
Albert K. Turner, of Hat per & Turner,
has been dented a director of the
tniihomiuir and Shenaniro Itallwnv nn,i
Light cJompan.v
1
PlffltrA. (nnlllltil Itf ft... r..l.,.nl
.. .. . .... ...i, rruviui
leserve board show that the Cleveland
iciiik. wnicn inciucies me buMness ot
l'ittsbuigh, the Rate of Ohio and a
. part of West Virginia, stands third in
the niuntry In volume of buhlness. In
a recent vveeic, 1110 total or debits to 111
dividual accounts and debits to bank
and b.'itiKcrs-accounts was JDSD.BS'j.OOO,
cif which sum Pittsburgh contributed
io4u.o,.uuii.
The New York subireasurj lost $371.
000 to tho banks yesterday, reducing the
cash net gain since Friday to 587:7,000.
At the annual meeting of tho Frank
lin Trust Company directors and offi
cers were re-elected and A. 11. Ford, of
Ford & Kendlg Company, was elected
un additional member of tho board.
The slock list committee of tho
Philadelphia Stock llxchauco rules that
idVmv'rar
for general mortgage S per tent bonds.
1 series tt, ueuvcraoie wneii issueii, snail
become due and bo settled on Friday,
, ft""' ,? , ffit
January 17, said lemporarj ccitlllcates
fclwl1 no 1',u '" regular way.
1 ing iiurn'i. uj- i-u.cii.a.,itiuru o. c o. auu
llaker, Ayllns and Young.
1 ,...,. r'iavton of the United atitoa
n rjourV "St Alabama.'named'rta?
itushton ns receiver for tho Montgomery
Light and Traction Company,
I Bank clearings In Pittsburgh, in
! 1918- WFra B,761,511.499. against H,-
n'1.732.877 the previous year, but the
- Pittsburgh Reserve Banu orancli lias
pad ?1, ,65. 131, si's exenanges sinco Its
admission last April.
Announcement is made that the Pub-
- ,i ,.. i... on..ni..in .. .. .,
liv oriv.co wu.iiin.oo.wii (tuo .ueuciiuvu
, February 8 the order of December
I" requiring the Pittsburgh Railways
Company to place all closed cats 111
service
Ttenortlm: fur the month of N'ovem-
, ber. the Hudson nnd Manhattan Hallway
gives gross of $569,150. This compares
with 1527,141 the same month In 1917,
or an Increase of 142,009, .Net Income
decreased 865,464. Eleven months grass
. .".". ." i li I v iii it win nner If .11 1J cents mor.
u.oiio was B,WJZ
week While thre
...,c.:ot 8341.416,
was 6,0I2,T4L
fit a-ean of . IIMJll.UaaL'-TBIel tnwasr .aw.- m. mta
I while thr was. uirlom tl. sM ImSfaiu&frb-''imtoJimJUmh
VAIL U1SLUSSKS BILL W,
ON WIRE PROBLEMS
Sees Clianco for Benefit0,
TJirongh Combined I!
System j;
A letter of Tlieodoro X. Vail, of thd
Aincrkan Telephone and Telegraph)!
Company, urltton In response to a re
quest of John A. Moon, chairman ot
tho Commltteo on Postoffleea and Post
Itoads, llouso of Itepresentatlves, was
today made public, Mr. Vall'8 letter 1
a plea for the unification and proper
rnnlrnl nrwt -....1.(1. m ..,,,.(
contro1 ar"1 regulation of utilities, par-.,
tlcularly tho wlro system, and a plea i
for a world-wide cable system centering1
In and controlled in the United States
an tin essential to the extension of
American commerce. Here arc two
things in which the publlo Is interested:
A wire sjstcm that will give them all
the sen Ice at the best rates possible and
one that can maintain standard service,
and the extension of American com
meice. The letter reft is to House Kill 388.
It Is not Mr. Vall'B understanding that
this bill Is a dot eminent ownership and
operating measure, but rather that It
has a definite purpose to allow sufficient ,
time to prepato and present to Congreis I
a specific proposition for the reorganhta-
tlon which will work for the efficiency
and economy of the international and
Intra-natlonal wlro s stems operated t
nnd controlled from the United States, j
He does not think a thoroughly con-
Hldercd, well thought out solution can J
bo prepared under pressure or In S
i ne present snori session or Congress, i
and sajs It Is recognized that In the,,'
Interest of tho publlo tho utilities should1
not be returned to the owners without
soma correction of tho existing deflclcn-
lies In regulation and control; hence t
it would seem highly desirable for the
country and for the proprietors that J
tlmo hhould be clicn for such a solution, i
In short, Sir. Vall'n plea Is a strong ar-
gunient against tlio Immediate return (
of the utilities without any remedial
legislation to cure tho el lis which now
ex'st In the multiplicity of uncorreiated.
li responsible, complex, contradictory and i
overlapping forms of control or regula- t
i tlon. i
air. all says, "Therf Is without doubt J
an oppotunlly for a great piece of bene
Metal and constructive work by coinblu-.
lug and co-ordinating all the various ,
existing utility services or thore that are
toinplementary and Mipplementary Into " '''Jl
i nnn ,.t .r...-. ....II....... , . . .... 'I
one or moro well-balanced s stems, tho .
.-....-in ui liiucii hiiouiu cc uetcTiiiincu
by the nature of tlio service, by tho ex- I
tent of the renicc rendered and by com-
mercial, geographic nnd economic rea- J
sons, and by combining tn a direct man- 4
tier and as far ns possible dhorced from i
political or pattisan or ilass influence, I
the ien.uls.lte power and authority of'
tlio I'edeial (Jul eminent expressed ln u J
mundalc to crpillibrate teenuc, opet-
atlng cysts and capital chatges. with an .
operating organization, adapted to tho I
rioiiircnients of the tcrxlce, and based "
1 1 on tho methods which experience, entet-
1 nation-wide sstem Under fclngio contiol
! by or owi which dliect communication
, can be established between any two
places for the el.ctrlcal transmission of
nnj communication or of the spoken
wold, and every Individual place will he
tho center of tho sjsteni for transmis
sion In any direction to tho limit cf
transmission.
D.mpliler Born to Hujmoinl Belmont
Nen 'Vorl.. Jan. 10. Congratulations
1110 being extended to .Mrs. Raymond
Belmont at her home In this city and by
cablo to Lieutenant Belmont. U. S. A.,
In France, upon the birth of a daughter
to them on Tuesday.
Lieutenant Belmont, who went ovea-
'eas several months ago, ls serving wlflt
.eas several months ago, ls serving vvlrit
the hnnitmarters troops of tno seenty-i
eighth Division Ills father. Major Au- '.
gutd. lielmont, L'. S. A., lcturned from
France a few days ago.
Mrs. Belmont was M'ss Carolyn B.
Ilulbert. She and Lieutenant Belmont
met In 1915 In Newport when she was a
bridesmaid at the marriage of Miss Mai
g.uet 11, ndrews to Morgsn Bel
mont, brother of Lieutenant Belmont,
Their marriago followed on September
ii 1fl1i! nt th.. linnla 4 1ia. ti i rv t h at '
,., , ,. . ,.ti r l... ... ,!.,.,,
lls- Llizabcth J. llulhert, at illddle'
, """
,
nvtxriAi,
Annual Elections
ItSP
.VArlONAL HANK 01' (ILlt.MAN
TOVtN. I'lllLXDKI.l'llIX
IlKHM ANTOVV.N. JAM'AIt HI. 181S.
At tne annual eleitlon held on the 14th
Inst, the followlne atocUhoidera were elected
directors for tho ensulnif vear
Wm N. Johnson M 1) M L Pinckel
Joseph nine Alexander w, Wliter
(Hear W Wood Walter William.
It M. Peterso.i cliftoti H. Wheeler
Daniel F XVntera It. 1. Howard-Smith
J. Ltlwanl Durham John C, Knox
William Warner Horner
At tho meetinit of the directors held this
day the followlns oftleers were unanimously
re-elected:
Walter Williams, President.
John O Knox. X'lce President. , .
The folloivlnc rearpolntments were rallies
"
John t'. Knox, cannier
(Munedi JOHN 1? KNOX. Caahitr,
j3, ITtAXKLlX TllL'ST rOMPANV OP"
lfcj rnii.ADKi.rniA
20-S-l Soutll l'lfteenth Street.
January 15, 1019.
At tho annual eletllon. held Ihla day. thi
following- named eentlemen wero duly elected
directors to serve for tho ensuing year:
Milton 1). CJehrls ". Henderson Rusplea
Philip .1 Barai stedman Bent
Henry F7. Wootlman V.'m. lnnen Forbes
Harry d. Peddlo .T Hector MeNeal
rtobert li. Hood ' Addison Harria.Jr,
John J. Colno Thoa. V. Coale
Henry Hrandle Anthony II. Qeutlor
Oeorso P. Wells A. K. Ford
At the meetlne of the directors, held thl-i
day th fol'owlnir oftlcert vrere duly elected:
11. 15. WOOnMAN. President.
C ADDISON HARMB, Jr., VIco Prea!(3en
and Treasurer.
A I. cntRPKN. Aailatant Treaaurer.
A. H. OAUrillNUE. cretary and AsilatanJ
jj a'nowteM., 8d. Aisiatant Secretary.
11DWAHD STONF.HII.L. Ileal Ettate OfTlcer.
l.u "'"-'A ), 1AII1HIN'I-.E, Wecretary.
tr-S2 TIIK yillC-VllKl.tlllA 7NA11UMAI4I
l7 IHVI.-
I'htladelphU, Jan. IS. 1018. ,
At the Annual Election held on tha four
teenth Inatant tho following atoekholdtr .
were elected Directors of this Bank. W
serve for tha entulne year, vir.:
Reorge Wood William If. Donner
Alfred C. Harriaon vvallaee. D. Hlmmoni
Levi L, nu . , Sfmuel Warrlner
neorse H. McFadden Alva C. Dinkey
llandal Morgan Lldrlds It. Johnsoa
Samuel Rea. J- Howard Pew
Pierre 8. duPont J. Krly MlteheU
... h win H-nrrn. llrenalo
u.muil 21. Vauclaln S.Pemberton Hutchlnao '
O. Colealierry Purves A
... mttnr of the Dlractora halal 4htal''
day. Mr. Lavl L. Hu wh unanlmoualr Jh
re-eiccted 1'reiident. ,.'".
Caahler-y1" fl
.' INK lMIUSTniAI. TRUST. TRlJlV T
iUS 1- HAVINGH COMPANY h'ji
Plillaaeipnia, January in. imp. .ji
At the Oritaiiliatlon SleetlnaT of th Startf, iv n-g
of Directors, hem tnia aay. in roiiowmc .
nirliera were unanlmoualy elected to ene
Vice Prei, 4 Trea. JOHN H lirnVKHn'!
Seety tAt. Tr.. J. SOW. BCICMk
Aajt Uecy, t Aaat. Trtas. DAMEL vpOH-i
'c "iP v hOTHERMEL, Jr.. EV"" '
v -fJJJ7 followlr aoMiltaaiiit wtr mad:
UKlt.
as l-ru. o!losr 1Xlirn.'M(L to
$
Mr.
Wlo
4th
tHHHIHtmiHIIIHW
IMtFr,v s,
;,r "'
1,7 T
?&&.
KM
$ZL
r
a.
& ..jtZsiJii
kifa ggrrretYW if '