r
'I
JtV
'a
EVENING
PUBLIC LEDGER PHILADELPHIA', .MONDAY, EHBltUARY
11)19
19
v.
va
- - -
I'
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H-y
If -
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i
m
lie
V
f" GOSS1POF THE STREET .
r
POSITION OF B. R. T. AROUSES
; DISCUSSION AMONG BANKERS
ftu'tocal Financier Docs Not
000 Loan Would
' Gossip of the Street
v "DEPORTS from New York that a receivership for tho Brooklyn Rapid
Transit could fcavo been avoided had tho officials of tho company
aeclded to caplUIIro more than
, , oeen paid for out of past earnings, wero not bo much or a surprise in mo
v , -financial district on Saturday. A statement to that effect had been made
. In this column some days previous,
- ' According to a certain banker, It Is doubtful even had such action
" been taken If It would have been considered feaslblo at the tlmo to float
t Jit r a. 120,000,000 lssuo of short-term notes so soon after tho company had
, been assisted by tho war finance corporation to finance tho $57,725,000,
, ', obligations which cro to mature on July 1 last jcar. Another draw-
back, he said, was tho attacks which wore being made on tho manage
ment at the time, and which had Influenced the public sentiment to such
a point thai financing for such an amount would have been accomplished
at a.' cost which would havo been lrtually prohibits e.
i.a .
'f ' Attention was called by a well-known financier to a statement In a
,f New York paper about a certain man who, according to the New York
f . Directory of Directors, was a director, president or vice president of 130
companies when tho directory was complied, and has added several
1 more slnco. "Such a thlntr " lie nald. "should not bn Dermltted. No one
, " matt can perform the duties of director for any such number of corpora-
., tlons and do the security holders Justice."
-. He said he was not surprised to hear that the New Tork Stock Ex
change was considering legislation looking toward holding directors of
companies accountable personally for statements mado by them about
their corporations, whether uttered officially or otherwise. There used
to be a class of men who might bo classed, he said, as Tetlred or seml
retlred business men who wero tho nominal heads of well-known business
concerns, but whoso days of direction of their own affairs had passed
because they wero superseded by younger and more aggresslvo men.
These men's names could have been found on the roster of directors of
K
!
V
very many large public and semi public fiduciary institutions ns well as
business corporations. Their names wero supposed to lend weight and
as people believed then they did. They courted positions on these boards
(Of directors and attended the meetings with punctual regularity and
always looked for and pocketed tho fees, which ranged around $20 (In
V
J V
1m
' 4 sold) for each meeting.
He then told of meeting one morning In a street car a certain man,
, whsso name was well known not only. In New York but In business circles
t "d the foreign trade, and, after the, usual salutations, this man volun
tas r statement that he was
I
--was airaia ne wouia miss another
handful oftwenty-dollar gold pieces out of his pocket and exhibited them,
with the 3i!ng remark, "Not bad for one morning's graft."
They are everywhere, said this financier. In London, England, they
used to be" found with title prefixed to their names, which, In tho country
that "dearly love? a lord," was quite natural. They wero known to the
man In the Street as "guinea plgs.'t as the directors' fees for board meet
ings over thero wore always spoken of and paid in guineas or the equiva
lent, as thn EUinca has been nhsnlntn thor fnr vmm.
tt
j Cost of War in Working Days
i
A new booklet, "The World's "War Debt," prepared by tho Me
chanics and Metals National Bank of New York, is designed to give the
man on the Street a vivid and interesting picture of tho size and mean
ing of tho world's war debt. When tho average American is told that
he will havo to contribute during 1920 flftcecn days' labor to tho support
of the goernmcnt he will appreciao the magnitude of this nation's share
of the debt. In a manner that the mention of millions and billions would
never reach him. But when he finds that the averago citizen of Great
Britain must contribute eighty-four days, the German ninety and tho
Frenchman 104 It will havo the effect of making him braco up and take
another holo in his belt. However, the analogy is a little misleading,
as after all it Is merely a problem In distribution. '
Nevertheless, the Mechanics and Metals Bank Is to be congratulated
on calling attention to the war debt from a new angle, even if it only
tarts thinking people to thinking.
The Pennsylvania Utilities Company, of Easton, Pa., In these days
when so many utility companies aro offering excuses for their poor
howing, mado a wonderful gain of 102 per cent in income before tho de
duction of charges in the eleven months ended November 30, 1918, ac
cording to. Lee, Hlgginson &. Co. Tho statement shows:
'i!
it
-if
Vh
hi
i.
u
i
Ores, rtvenu
Operating epensa and taxes
Incoma befor charrei
Mors than 1 6-10 tlima Its
i
The Pennsylvania Utilities Company was one of tho few such com
panies in the country which wero granted a rate increase by tho Public
Rsrvlcn rvimmlaslnn of this State, which Is automatlcallv arllnstivl to
1 -the cost of coal and the cost of
' "The cessation of war Industries to which the company supplied
current, It is said, will not affect the earnings for 1919, as the silk and
cement plants which the company supplies with light and power, and
whose operations were curtailed during tho war, aro -now going ahead
and will offset any loss through tho closing down of war Industries in
that locality. In fact, the company, expects to earn twice its first mort-
V'gago interest 'during 1919.
High Price of Wheat Upheld by Local Banker ,
A New York Stock Exchange house is credited with the following:
"With tho country at largo clamoring for lower food costs, a few
facta which are worthy of attention should bo borne in mind it we are to
meet foreign competition. Argentine wheat sells for $1,30 to $1.35 a
bushel, surplus 177,000,000 bushels; Australian wheat sells for $1.1 B to
$1.20 a,bushel, surplus 190,000,000 bushels; United States wheat sells for
S2.26 a bushel, surplus 236,000,000 bushels. Does it seem logical to keep
II,
fr vhe"at prices In the United States
-$ '?Iet tho law of supply and demand
Ci vwlth lower rooa costs, utner commodity prices wnicn aro out or line
should be brought to conformity with world prices, helping the manu-
v facturer to restore wagea of labor to a basis whereby he can compete with
i$X tho world, as wages cannot come down until food costs are lower. Sentl-
0? ''ment must be eliminated from now on and economic laws prevail."
Ono very important point, according to a banker whose attention was
'called to the above, Is overlooked. The present market for surplus wheat
Is to be found In the starving nations of Europe and the Orient, he said,
and ships aro needed to transport wheat from Australia and Argentina
to Europe. To make a fair comparison the difference in freight costs,
he remarked, must bo taken Into consideration, and while he said he
did not know the exact figures, he believed that American wheat, even
rt
t
u
? at $2.26 a bushel, with freight added, could bo landed in Europe for less
a ,than wheat from either Australia
he explained, this country's $2.26
T ; Is nothing to waicaie mo graaes
"S'rtlple. But above all. whether
, States must keep fath with the
w is no "b
"scrap of paper."
' Financial Briefs j
The New Tork Stock E3chansrei hav-
''InsT received notice from the Delawaro
hand Hudsan Company of the declaration
of (he Usual quarterly dividend of $2.25 a
share,, payable .March 20, to holders ot
-jl .,...... na nAuM.4 44hat ha
Xfore said date thero shall have betn ro-
celvea irom me unuw dih .,,
ment eum sufficient in the opinion of
the president with other available funds
lcurltles rules that Bald stock bj.not
V quoted ex-dhidend on February 2."
R . :
, k Application has been made to'tne rew
York Stock Exchange to list Bums
Brothers' jxss.iou aaamonai VSWZi'i
tamle and Corn Exchange Bank $700,000
' additional capital stock.
ic i '
"Th Naw- Tork Stock Exchanre has
fc rirjclten from the list: Mononcahela IUv
f r Railroad Company first mortgages
Srwnt bonds, due February 1, 1019:
IrilVnd two year 5H per fent secured
u notes, due February 1,-I91a,nd
fViUd States Mortgage ana Trust Co.,
Art ; -mortgage collateral trust 4 per
Mt bonds sir tt 1, due February l,
111.
New ToritiHook.Kx?nange has
Not folk
lf XsM' Mti
and
RV
Think Floating of $20,000,T
Have Been Feasible.
120,000,000 of Improvements Thlch had
hurrying to a board meeting and he
one due at noon. Ho pulled a big
Increase
pr"nt
io,7
102 1
IMS
J1.4R2 8-"7 10
1.089, 7J1. 14
Increase
$31 08B II)
170.684 54
1183.400.05
J363 018 03
bond Interest.
labor.
at $2.26 a bushel with the war over?
prevail and help restore an equilibrium
or Argentina with freight added. Then,'
wheat is the highest grade, but there
oi timor mo .nusirtuian or Argentina
the nation loses or not. the United
farmers. Its agreement to pay $2.26
Railway Company full paid subscription
receipts for convertible ten-ear S per
cent bonds, due September 1. 1929 to
be traded in "and Interest" from Jan-
. if ,?".lJ:.JlT"i. Part Dala rece pts
to be dealt in "flat."
A special meeting of the board of
managers of the New York Coffee and
Sugar Rxchange has been called for
rvcanesaay at 4 p. m , to elect board
Of Coffee arbitrator!!- Thla nmtHnr will
follow the regular monthly meeting of
mo uoaru nam ai d.io p. m.
The New Tork Suhtreasurv Inat lilt
000 to the banks on Saturday, making
a. casn nee loss since riaay or ;,J06,
000.
.At the general meeting1 of the Bank of
France, held on January 30, the- tact was
disclosed that the gold reserve of the
bank, which was 4,000,000 francs at the
Deg-inning or ine war, naa increased to
nearly M00.000 francs.
GOVERNMENT BONDS
Bid
Panama coupon 2s. 1938, .... 97
Panama reflstsred 2s, 1(39.. 97
Panama, coupon 2s, J93S .... fT
Ask
Panama, retlsttrsd 2s. 1939.,
Panama reilsttrsd Is. 1991...
Phltlpplo t, 1934
Phlllppm 4. 1035
Phlllppln 4a. 19il ..........
97 99
97 93
90 09
DO (S
RO tig
DTH ns
J7tf .
99 ' M
u s aov caupon 2s. i9so,,,,
V S Oov registered 3s. 1090 .
HIGHER COTTON PRICES
AIM OF CONGRESSMEN
Southern Members to Meet
"Wednesday Expected to
Urge Reduced Acreage
Bu o Staff Correspondent
Uadilntton, Feb. 3. A call nan been
sent out for all Senators and Ttppre-
sentalhen front the southern Slatfs to
meet Wednesday nlsht In the majority
room In ttio Capitol to discuss means
of Improxlng the conditions and prices
for tho rotten growers.
Tho cnll was the result of a confer
ence Saturday by veral southern Con
gressmen. It was attended by Senators
Hoka .Smith, of Georgia; 1'A Smith, of
South Carolina; Slicppard, of Texas,
Ttansdell, ot Loulrlftnn, and Heprcsrntn
tlc ITrflln, of Alabama. JaKaway, of
Arkansas, and scteral others
it Is expected the conference Wednes
day night will unto tho reduction of the
cotton ncreaare this ear. tho holding ot
cotton on hind by the farmers and tho
amendment of tho cotton futures act
ro as to confine delivery of cotton on
exchanges to not mom than six of tho
white grades.
At tho conclusion of the conference
Saturday, rteprescntatlo Ilcflln said:
"I am confident that, If our peoplo In
the cotton-growing States will hold on
to their cotton and cut down tho acre
age of this j ear, cotton will sell for
thirty-five cents, perhaps forty cents, be
fore tho first of July."
Outside Slock Prices
(February 1. 1010)
The folloirlnir table ahoira the last recorded
ale price and dates of transaction of bank,
trust coirfpany and various local slortts sel
dom, and In some cases never dealt In on
the Philadelphia Stock Uxchanae (Quota
tions complied by Harries l.otland).
Ranks
Date of
Last Dale
American Bank M'i
Miy S, MS
Hank of Commerce ... . 12T Xov.
nank of North America 2',1'i Jan.
nroad Street so Apr.
Centennial National ... 27R Apr.
Central National ...... 4IR Nov.
Torn Exchanco Nat'l... SfS Tan
rislith National 421 Dec.
Farmers & Mech Nat.. 170 Auc.
First Natloml 21'. Aus.
Fourth Street National am Jan.
Fox Chase , 121 Oct.
Franklin National .... 430 Nov
Sermantown 140i Oct,
"Irard National .144 Nov
Kenslncton National ..ins Oct,
Mansvunk National . tin Iec,
Market Street National ISO July
Middle City nank .... V, Oct
National Security 44 j July
Ninth National nil)'4 Nov.
North Penn tin May
Northern National .... 200 July
Northwestern National. nt'i Dec
Perm National 277 Jan
Philadelphia National . 311 nee.
Quaker City National . l"it Jan
Second National .117'i Nov.
fclxth National LOJ Nov.
'.outhwark National... IRVl Ort.
11.
24,
14,
24,
",
21.
29,
21.
n,
20
is'
JS.
31
11
!-
31.
10
14,
II.
14,
.
iS.
Southwestern National. Ill Apr.
ientn national i?n jan
Teitlle National 11 Vi July
II.
rnlrd National 2.n Kept. rj.
Tradesmens National.. 110 Dec. 24,
Union National '.'in Jan. t.
iveit Philadelphia 43 Nov. .'.
Trust Companies
Aldlne Trust Ml
Pelmnnt Trust 3!
Jan,
Isn
Nov.
hept.
Oct,
lh
Jan
Nov.
Jan.
Dec.
Jan
July
Oct
Oct.
Jan.
Jan.
Ian,
Oct.
Nov.
Apr
Jan,
Dec.
luly
Dec.
Nov.
Jan.
Oif
Oct.
May
Tan
Mar
Nov.
Nov.
flee.
Jan
Pec.
ncc.
Aus
Oct.
Apr.
Nov
Tan
Tan.
Kov
Teh.
Jan.
Auc
Feb
Apr,
Star,
A us;,
Feb.
Jan.
Jan.
2S.
17.
27.
211.
27!
in.
-'7,
S.
Central Trust X. Sav.. 7
fhelten Trust 149
Colonial Trust 10"
Columbia Ave Trust .. 201'i
Commerclsl Trust 400
Commonwealth Trust.. 2104
(onllneniRI.Eaut Trust Sf
Fmplre Title j Trust., is
rxcelslor Trust no
Federal Trust 121
fidelity Trust Mm
Pin Co of Pa 1st rref. inn
do Id pref 101
Crankford Trust 177
Franklin TrjJt 144
nermantown Trust.,.. 21 7tf
Olrard Ave T r 71
Olrard Trust (MO
Guarantee Trust.... , 110
Hsaninirion Titio ft rr. 121
Hamilton Trust 11.0
Holmeeburir Trust, 02,
Industrial Trust 17(1
Intearltv Trust 220't
Kcnslnctnn Trust. ... nn'i
Ijind Title fc Trust .. 4mj
t.tbertj Title . Trust. 101
I osan Trust 1.17
Mshsyunk Trust 4'i
Msrket St Title Tr 111
Merchants Union Trust no
Mutual Trust 11
Northern Trust .loo
North Phlla Trust .... 200
Northwestern Trust... 2!B
Pelham Trust , 11214
Tenna Co for Ins. etc.. 700
people's Trust .us
Phlla Co for O Mtces.. UHJ
Philadelphia Trust ... 710
Provident Life ft Trust 411
Heal Estato T I t T. s:!1!
Heal Kstato Trust com. isn'i
do pref so
nepubllc Trust r-'J
nittenhouso Trust .... 11
Taeony H D T & T.... 240
Tlosa Trust 4
United Sec I. I fc T... 100
Waine Junction 100
West 1'nd Trust Ifirt
West Phlla T t T.... 147
13. '10
I Ife Insurance Companies
Olrard T.lfa Ins flVa
Philadelphia Life lu
May
July
21.
10,
, Fire Jnsnrance Companies
Alllapeo l'i Tsn
rirs Association 3tn jn
Pranklln so Artr
Independence Security, ri Vny
tna Co of North Am.. 28 Jan.
Ins Co of State of Pa. M Dec
Lumbermen's inn Sept,
Mechanics' ........... 7T Nov,
People's National 17'5 Oct,
Reliance 10 May
United Firemen's 12 Apr.
Passenger Railway Slocks
Csmden I Suburban. . 1R
Cltliens' (10th 4V 11th). 2TS
Continental . ... ...... 1 OS'i
Fmt ru Haddington. -.
Fifth Mxth Streets. 24
Oermant'n (4th & Rth). BO'i
Hestonvtllo M P.... S.M4
do pref ',
Oreen t Coates Sts 11T'-4
Philadelphia Ctty lir,
Philadelphia A Darby.. SOU
Phlla fc Oraya Terry.. H7'i
Ridge Ave :nn
Second ti Third Sta .. 213
Thirteenth k ISth Sts Isn'i
Union Passenger 'IV)
West Philadelphia 108
Railroads
ramden Hurling Ce. !'
Catawtssa 1st pref ... 42
do 2d praf 'i
Chestnut I Hill JJ
Mfth Sixth Streets,.. 1"R
Fast Mabanoy nn'i
Past Pennsylvania..., fia
Klmlra & Williams com no
do pref ... 70'4
Hunting ft B T com...
do pref IS
Lehlsh Valley pref.... 120
Wttle " PehuylVlll 4BS
j .j kens Valley 14
JfirUlll Pch Haven. ROH
North Pennsylvania. ... M
Phlla ft Trenton Sis
fhiSotn t Norrl..... 11T
United Cos of NX.,,- 'JJ ,
Western NTtr 21
Miscellaneous
Jan
Aug
Nov
Oet.
Aug
Jan
luly
.Tulv
June
Auc.
Dec.
Tan.
Nov.
Dec.
Dee,
Dec.
Mar.
is Ms
1 "17
2ft M
SO. MR
21. MS
le
"' M7
IS, M7
14, MC,
21. MS
15. MR
22, Mfl
27. MS
24, MS
21. MS
2. MR
6. M8
tulv at,
Nov. SO,
May C2,
'Jan. J",
Oct,
June 20,
Auc, 30,
Nov,
Oct.
.Tuna
Tuly
Nov.
May
Tuly
Mar,
Jan,
Jan.
Apr.
Jan.
Jan
Aug.
27, MR
IR. 'Ill
fl. M7
3. MR
20, MR
17, MS
17. MR
27, MR
21 MS
R. M!)
10,
1.
31.
Amer Plra l Con ....
Be?snaV Engel Brew.
do pref
Brill Co
rniiS ;&".:
KelVtSrwV"''
Merchants' Warehouse.
lftt
it
en
70
7S'i
a
711
.110
til
.Tan.
Apr.
Dec.
Jan.
Mar.
Jan.
Jan.
Apr
Pent.
Tan.
Jan
May
Mar.
Jan.
Dec.
Jan
Jan.
Juna
July
Deo.
2V.
IR.
11.
i'.'. M
'-'. MR
30. MS
17, MR
11. MR
19. MO
8. Mt
11, MR
8, MR
St. M
12. M7
IB. MS
IS, "If
l, M7
.11. MS
IS. MR
22. MO
c!."5'"J.C.'.iVX
Northarn i.toenies ui.
Penn Traffic .........
Penna. Cold fjtoraga...
penna alt Jlfc ......
Penna Warehousing.,,,
Phlla Bourse
UIIUIU .-.r" ."T"-.iT-
17
R1
IPO
n
GO prei -
Phlla Warehouse ,,,,, 1211
PhlliWhaft O 8 M
Stetaon (J B) 805!
do pref. Ko
IV
ian,
Jan
tv.itniAr. ind
oreiana uoai.
70
.11, '111
(This tabja appears eacft Monday In" la
Craning l'obllo Ledger.)
Will Aid Syrisn Kelief Work
Lieutenant Stanley E. Kerr, son of
the Jlcv. Dr. J. U. Kerr, of tho Darby
Presbyterian Church, has resigned as
chief of ths chemical service ot the
Walter Reed Hosplui, at Washington,
and has accented an aDDolntmant with
th Amerlean and Syrian relief commit.
BUSINESS NOTES"'
Meel mills nf the lilco dlslrlcl
operate around 7R per cent, but new
business is very disappointing.
The, T.nnrnsler tobacco' market I
demoralized In every branch. Flickers
havo plenty of old leaf and few buvern,
IhotiRh a parking was offered Uat week
"s low as tlilrt-two cents a pound, and
It was thn fine 1917 Roods, too. Some
f the 1918 crop has been sold, but the
number of acres no fnr contracted for
I" so small tlut tho cut Into the hugo
rrop from 25,000 acres Is not noticeable.
Jf tint nold, only a few crops went as
low hs ton cents a pound, tho prices gen
erally ranglnc from twelve to fifteen
cents A nonnrl. Am n ruli. Ilin irrnnerfl
tusk from elBhleen to twenty-live e'ents
a pound, and somo villi not even name a
Price, hoping a boom may lift It higher.
Tno reason dealers give why tho big
clear concerns of tho country are not
buying this counlv's new crop aro two
rod prices nro too Miff and the
tobacco does not measure up to tho
atandRrd It Is too close grained, due
to having grown In a dry season and
cured too fast.
A cable trom j-dner r. that Am
Malls, has an exportable surplus of ITS
000 000 bushelH of old wheat. With halt
2S."AJM'W' iron avnllable, It enn export
216,000,000 bushels;
I'ebrnarj rorn In Itiienoa Aires Is
around 54 cents and May at fit, hut con.
unions for shipping aro unfavorable, as
It is Impossible to load vessels, owing to
labor troubles Port receipts are heavy,
but exporters arc bu Ing none
The footwear sales business of the
flrestone Tito and nubbcr Company Is
rapidly Increasing desplto Its compara
tive jouth this branch of production
having been started only a jcar and a
half ago Tho manufacturing divisions
now nccupy six vv lnga of tho Akron fac
tories exclusively. In consequence of the
fact tint the original force of twenty
emplojes hns grown to 700 Kootwear
waits ioi- iis totaled :,216 010, as
compared with $715,000 for 1917. Tho
ivniiJrtuu Mini fiid.vuu ior jjii. llioi.,, ., , - , . ,,. , .AA
manufacture of light footwear was be- I1''1 J,1"10 a,ld, "nlsh with nearly $1100,
gun In May, 1918, and the present out
put of 2500 pair a day promises to bo
doubled soon
At rlo of the last week, steel mill
operations In tho Birmingham, Ala. dls
trlot were, llnrlev Works of Tennrseeo
Coal, Iron and Knllroad Companj". 90
per cent : I'alrflcld plant of American
Steel and 'Wlro t'ompany, 90 per cent;
Cult .States .Steel, (Jadsden. 50 per cent
to 60 per icnt. Connors, Wcymau Hoop
and Cotton Tlo Mills, at WoOdl.iwn and
Helena, to capacitj.
The American fncomotlTe Compan)
has Just closed orders for sltv-two
engines for foreign roads. The largest
order Is from South African ralltvajs
for forty mountnin-tvpe engines, of
which twenty will weigh nlnetj-sevcn
tons and twi-ntv nlnet-four tons An
other order for Pacific tjpe engines,
weighing! lift j -three tons each, is fiom
'IS, v rerun province ue tvanta
ts I To of Argentina and a third for two
mneicen-ton .viojjuis is lor shipment to
Portuguese Cast Africa. Tho forty en
gines forSouth African railwavs will
bn built at the roinpanj's Montreal
plant and'others at Its Cooke works.
BUSINESS CAREER
OF PETER FLINT
A Story of Salesmanship by
Harold Whitehead
' (Copirltht)
U. It httrhmd tiill nnsucr vour Stistness
nuesfloiM on bulling, stlltno. adirrlhina on.'
rniplgumrnt. Ask iour ouesloMJ cltarlv li
jf j "" ncs. 1'owr cornet name and
lull OMrm must lie olicn (o all liuiulrlrs.
Ihoar v hich ore anoiti'nious must ionortd
Ansuers fo technical oiieslfotii tell be ttn.
f" .'!'?" "er ouestlons irll be onsicercl.
in filj column, rite moif (nfereitlno pro,
lems o inquirers ulfl be uoieii 4nfo the
ttoru of Peter Flint.
CCCXH
WHEN Kellett left my office yester
d.iy ho left behind him"1 ffjeck for
II Ono and a complete release from.me of
all m- interests In Clearvale ..
I In return had guaranteed to person
ally call or wrlto to all pCopIwho re
fused to make good on their payments
If any contract was paid up to SO per
cent of Its value and then Kellett can
celed It. It was to be considered as full
pajment so far as I was concerned
Tho reason for this, hs Bruno Duke
explained afterward, was to prevent Kel
lett collecting tho bulk of the contract
and then canceling so as to leave me
debtor, for I was under guarantee lo re
Imburao Kellett It he failed to collect
ctiougli to square up his advance to me.
All payments on canceled lots were to
bo credited to the loan No collection
cipenscs wero to be charged against the
account.
'Come and have a cup of coffee with
me, friend Peter," said Puke after Kel-
THE INTERNATIONAL TEXTE, INCORPORATED
BRIDGEPORT, CONNECTICUT
IR
1R
IR
in
1R
17
in
2298 shares of the common stock, of the par value of
$100.00 each, of International Textile, Incorporated; also
certain patents, applications for patent, and trade mark.
Notice is hereby given that the undersigned, A. Mitchell Palmer, Alien
Property Custodian, will offer for sale at public sale to the highest bidder, at the
principal office of International Textile, Incorporated, 1069 Connecticut Ave
nue, Bridgeport, Connecticut, at 11:30 o'clock A. M., on the 15th day of Feb
ruary, 1919, 2298 shares of the common stock, of the par value of $100.00 each,
out of a total of 2500 shares of stock (all of which is common stock) of Inter
national Textile, Incorporated, a corporation of the State of Connecticut; and
the patents, applications for patent, and the trade mark specified in the Order
of Sale.
Copies -of the Order of Sale, a full description of, and information
concerningr, the property to be sold, and the terms and condi
tions of inspection and sale, may be obtained by application to
JOSEPH F. GOFFEY, DIRECTOR, BUREAU OF SALES,
110 West 42nd Street, New York, N. Y.
is
17
IA
It)
lett had gone, "We'll celebrate the oc
casion, but before I go I want to tele
phono jour man Abercromble,"
"Oh, see I poor Abercromble t clean
forgot about him Say, Mr. Duke. I
muni do something for him. he's been
fo square and dono so well" 1 was
really upset.
"Don't worry about him jet," Duke
smiled. "I'vo .seen him and already
talked things over with him."
"How did jou know about him?" 1
asked aghast
'Tou forget I've examined your book,
I noticed that he did splendid, consistent
work, so I saw him, of course. Kicii.vi
me.' Ho called a number and In a min
ute I heard him say:
"Mr. Abercromble, please Tea, he's
thero If vou'll be good enough to ask for
him. Abercromble? Oood, This Is
Bruno Duke. It's all right now. Go to
It and good luck to jou " Then he hung
up tho receiver.
"What's he going to do"" t asked
anxiously.
"He's going to Kellett. Tell him what
he did for you and secure a Job selling
for Kellett. TIe'll get It all right and It
will be a good thing for him."
Later In the day Abercromble told me
he was going to Rell Clearvale lots for
Kellett, so that was all right.
When we were In the Mecca drinking
coffeo I asked Duko why lie felt T
couldn't accept Kellctt's offer after he'd
climbed down so, and jet he sent Aber.
eromble to do Just that thing I watnot
to do
'That should be easy for jou to rea
son out If jou went to him he would
get' vou the first .chance he had, while
ho has no 111 will aa-nlnst Abercromble.
He made vou the offer because he felt
It the best waj- out of a mess 'and not
because he loved j-ou, j ou may be sure."
"Of rourse, I see now," I exclaimed,
"nut somehow, although I appreciate all
jotive done for mo, I've actually made
good on my real estate venture. I
started with $700. have Uvea well all
Vct I'm worried as to the future."
Then I thought of Mary and said, 'Of
course, dad would bo glad to have me
take charge ot his drug store at Farm
dale." "If you want to get Into the real
estate business again or still I can
heln sou. but I suggest that jou close
the office, compromise on the balance of
jour lease, send back the office equip
ment and tjiewrlter jou've not paid so
much as to make It worth going on with
It and give up tho idea of -working for
jourself for a while.
I knew he was right, for I've felt for
some time that I Ion t know enough to
run a bvslness except Into the ground
Yet to be suddenly deprived of mj- Job,
as If were, left me floundering.
'How Is jour father now. friend
Peter? ' asked Duke
Much better again. I am glad to
"','. !!'? i!.1; w. 1t,!'rnKUn,,;Ion,!thc after-war question is likely to
writes that business Is picking up. Iran- . ' . '
els saw him last week he was there to
see I.ucy About tho wedding and said
he looked fine.
' Docs he feel that he needs you there
right now?"
"N'o: for In a letter I received two
daje fo ho said that I was not to think
of goi.ig to Karmdale jet, for he wished
me to get all tho experience I could be
fore' I settled down to be owner of a
small-town drug store"
"I think that Is wise advice, friend
Peter," Duke said slowly and thought
fullv "Now jou go home for a few
dajs. apd when jou return I know of a
job that should Just suit jou, and a most
unusual Job It Is. Vow let's go."
TOPAV.S RUfriNKflfe KPIORAM
Confidence is the mains-spring 0
commercial ettrfcavor.
What does this mean to VOL?
SHIPPERS TO PROTEST
Late Opening and Early Closing
of
Treiglit Stations Is Criticized
Protests from numerous Philadelphia
shippers is expected at a meeting called
by tho Chamber of Commerce for Thurs
day morning at 10 o'clock, when the
nuetlonof opening railroad freight sta
tions in "this city one hour later In the
mornings and closing them an hour ear
lier In tho evenings will be discussed.
Such a schemo is under consideration
by tho Philadelphia terminal district
mandger of tho lulled States railroad
administration.
While tho railroad administration
maintains that the purpose in cutting
down the time cf open stations Is to con
serve labor. It Is pointed out that the
plan will woik Injustice to shippers. A
large number of firms havo made ar
rangements to have freight called for or
delivered before the morning rush hour
and after the afternoon period of ac-tlvitj-.
ms
XO BE SOLD
BY THE
ALIEN PROPERTY
CUSTODIAN
A. MITCHELL PALMER
Alitn Property Custodian
Labor Unrest Forces
Quick Russian Plan
Continue! fram Page One
been selected to run factories and
other Industries.
It is reported here that the Soviet
is in complete control of the strike
movement at Belfast, whero n de
mand has been mado for n forty-four-hour
week.
In GlnsRow a week of forty hours
is demanded.
The avowed object of he reduction
of timo is to afford employment for
icturninpr Foldicrs and to precnt
larpp numbers from bcinp out of
work.
The recent traction strike in Paris
indicates that something of the same
sort may be expected in France.
Tho end of the war came suddenly
and left the Allied Governments
without plans to nbs,orb the ast
nrmy soon to be relcnscd.
The general idea here is that pub
lic works should have been planned
to give cmploment to men not
quickly taken into the various in
dustries, but tho Allied Governments
are not ready to meet the situation,
and it is impossible to retain soldiers
under arms long enough to make
plans because of the widespread de
mand for immediate demobilization.
The situation has ninny elements
of gravity because of the high cost
of living.
In Palis, for example, the cost of
subsistence is about twice that in
the big American cities.
The chief argument of the moder
ate press against Bolshevism is that
it has failed' to provide work and
food for the people, but that ar
gument is weakened if, as the re
sult of demobilization and industrial
disturbances incident to the change
from the war to a peace basis in
manufacture, large numbers of men
arc without work and food remains
ex'remcly high, even under the old
system.
From now on the social side of
i ." J mure prominent at, inc i-eacc
Conference and the international la
bor commission is likely to assume
large importance.
The outbreak of social unrest is
helpful to President Wilson because
the radical classes generally look
to his leadership, and its pressure,
being made most effective in Eng
land, is likely to force Lloyd George
more and more in Wilson's direction.
STATE FOOD BOARD TO QUIT
Administration Probably Will
Cease to -Exist About March 1
The food administration in Pennsv.
vanla will cease to clst, probably, by
March 1
A'ready the organizations that before
tho armistice cccuplcd most of three
Poors In the rinance Building have so
condensed- their forces that onlv two
I of flcerooin- aro needed
The Philadelphia food armj, with its
6000 women members, has disbanded
"While if ire In readiness to reor
ganise our entire forces within five dajs.
If necessary," explained Cclonel O '
McCain, head of the presi news divi
sion, "onlv four division heads, with n
few stenographers, rrmaln at headquar
ters. The hundreds or other cmplojes
havo returned to their tormer busi
nesses "
J. S Crutchflcld. Ue director of the
Stato administration, is In charge of
food plans at present The mct-t active
department remaining Is that of trade
distribution n P Smith Is directing
the giving of flflotlur, permits and at
tending to regulations concerning flour
sugHr and other foods Included In Fed.
cral ru'lngs H. H. WUIock remains as
head of county organization and Charles
K. Hepburn continues In his capacity as
head of the legal department
The food administration begin cut
ting down Us force of paid eniploves
early in December, and now virtually
only the ' dollir-a-jc.ir" nun remain
J
ACCIDENTALLY KILLS MOTHER
Mujor's Young Son Held for
Homicide in New York
New s,ork. jyii. 3 In the Children's
Cow today William Thompson, a
tousled-haired hoy of twelve, Is to be
arraigned on a charge of accidental
homlild. Lalo Saturday night, uj his
mothers apartment, a revolver with
which ho was plajlnp went off nc-eldcntallj-.
Ills mother, Mrs Maud Webb
Thompson, was sitting opposite him. Thn
bullet entered her left breast. She died
within threo minutes
Tho mother's bodv was shipped to
her homo In Worcester. Mass , Sundaj'.
The hopo of Mrs Waldo Sessions, the
boy'n nunl. Is that she will bo able to
tnKn tho son back to Worcester tonight.
Major Islle Thompson, of the 304th
Infimtrv. Svent-slxth Division, the
hoy's father Is now In Germany with
the American army of occupation.
The boy ortcn plajtd with his father's
automatic, the use of which Major
Thompson had taught him. Ho had al
wavs regarded himself as' his mothers
protector since his father went to war.
After the accident the vouth notified the
police and called an ambulanco by phone.
COTTON STRIKE IN INDIA ENDED
Eipiityai Factories Resume.
Operatives Get Pay Increase
nnmbay, India, Feb 3, The great
strlkn which hss affected eighty. six cot
ton factories during the last three weeks
lias been declared off.
The cmplovcrs, on the advice of the
governor of Bombaj', granted a 20 per
cent Increase In wages and a bonus of
tnentj- rupees tr tho men.
GOLF TOURNEY TODAY
Large Entry List Received for St.
Valentine Flay at Pinchurst
Plneliurat. X. C. Feb. Z Nearly 200
plajers will tee off In tho nuallfjlng
round of the snnual St. Valentine tour-
nament which will open on the links
dav
ItoiTnej- Brown, of Brool.llne, l-i on
hand .1 X Stearns, 3d, ot Nassau, who
holds the season's record with a recent
70 on the championship course, returned
from tho North todaj'. Everett li Wll
bar. of Fltchhurg, who defeated Norman
Maxwell In the semifinals of this event
last J'car, la another eleventh-hour ar
rival. FAVOR VARSITY TEAMS
Editors of Yale, 'Princeton and
Harvard Papers Pass Resolutions
"Vrw Haven. Conn., IVb 3, Harvard,
Princeton and Ycte dally news editors
todav psssed resolutions uVglng the fol
lowing features of university sport by
the three in the future Tlrst, varFlty
tam, rcrond, general scaton Athletics;
third no cuts In varsity squad; fourth,
all-the-jcflr-round coachea for varsity
team, and fifth regulation of Intercol
legiate athlnle cxcrclse3 This was the
first conference over held of the dally
newspapers of tho three unlvrrsltls.
SUPREME COURT DECISIONS
Several Lower Court Tindings Reversed
b Higher Tribunal
Decisions with opinions were handed
down hj tho Supremo Court today In the
follow Ing sascs:
ftenrt J
McClure et al arDea! Pldelltr Title and
Trut Companj of Pittsburgh appelant,
C P. Alieehenj) Judam-nt aKIrmed l.lka
Jurtemetit to bo entered In both app-als.
Monchzleker J
noeers ve Philadelphia and Readlnc Roll
wa L'nmpanv (C. P 1, Philadelphia). Judc
ment affirmed
Ho?" v Jewel Tea Comnanr (C, V. 2,
Philadelphia Judgment of nonsuit re
versed with a procedendo
Simpson J
ItanJal vs Mitchell Mntnr far Company.
(C P 1 Philadelphia) Judrment arfirmed
R Klarnff rt al va Kkerloff (( p
ThlUdelphla) Decree affirmed and appeal
dlrmtneed at costs of appellant
Hrent er v lxieb-Nunez lbacco Com
pany to P S Philadelphia) Judgment af
firmed Iteadlns Companj vs Kpll k (C P 3 Phil
edelphli) Judgment teiereei and a venire
facias de novo awarded
Mcriol.ei Jr vi Marks (C. P 1.
Thlladelihlnl ludgment arfirmed
llelaer v rtjnold ( P 5. Phllad-l-phis)
Judcm-nt affirmed
Toner v P R R fo (C P 5. Thlla
delphla) Judgment affirmed
A Superb, Thrilling, Spectacular Novel, Surpassing
Anything in Modern Fiction
The Four Horsemen
of the Apocalypse
By BLASCO IBANEZ, Foremost Novelist in Europe
Cloth, $1.00 (poataffc extra). At all bookstores or may be ordered
direct from
E. P. DUTTON & CO., 681 Fifth Ave., New York
Own Your Home!
You are probably too busy
to run all over town trying to
locate a desirable home.
If you read the Real Estate
Ads in the LEDGER today
and every other day, morning
and evening, you'll soon find
something, as we are con
stantly publishing, on our
classified pages, a large list
of city and suburban homes
that are for sale or rent.
Look
VICTRK FIVE TO
PLAYST.C0LUMM,
Game Between Hancocli
and Midvale Also At
tracts Attention
N. Y. SHIP IN LIMELIGHT
svinmciN j.bagci:
XW m mm ..
;,r.l.,mb.,V "nV.ooo t. Tn.lrV V ?&
MMtnle
lanV'C'' 2 5'-000 nabpoi
Vf.ifc I :JJ? &Ki":A"
a O l.OOO Dabeon ... I M
O a .
sa .. " "- TTuars! v a) iVV
O 3 .000
Phirad.rrjX?SfV,,"m."- TMrfi. Sapth
i nua.linu Hebrews- Aasorlatltn fl(C
fvfnjut. .
Trvl TirBSSnT W" "
Mldtale. Taop
MIIPTARD LEAOIK
IV. T p.p. sv. r.. P C
J 2 '225 JJ.r KUiMis'ft .m
1 s row . j. o e .ooi
yMUr
finnan
-tMyiKTlaKti " l ""''
naiurnar Cheater at Hut lark.
BartMbTM1?" Club ot ,h -""Ican
ths even i" ,'"Mt" St' CM"
.i.imTi ' and unl8s ,Ile "West Phlla
delphla five, goes back considerably over
alnl, are certain of anj thing but a
a kawRj- A defeat would hamjer them
IfT il" helr effort!' to w" s
Btcond half pennant. In the other game,
of this evening the two tall-enders S. T.
II. A. and Wllbar meet.
.JfUln,frest '" c"ltcrd hi the Hon-cock-Mldval
conteit on Wednesday
already, but on paper they are ih.Se
club In the clreul mi7h.Ti. "..IluJ .
to-icXctlon of .for. V.. L..-!'' plt ll
collection or stars, has never shown any-
....... nancocK naa lost one nm
tiling at all. and Is rcallv nrnrkini-
under a hardship It has never
made more than thirty points, and as
Hancock Is a heavy scoring combination.
Midvale will have to show up at Its best
or else be marked up w Ith defeat No. 1,
New York Ship's Good Work
New- Tork Ship Is the big noise In th
fihlpjard League, both as a drawing
card and from a piajlng standpoint.
Tho Carndenltes have caught on with
the fans across the river, and the Cam
den armory on Saturday night resem
bles the old days of the Eastern League,
especially in point of numbers In at
tendance and enthusiasm dlsplaj-ed.
Wld Conroy and bis collection of
coming stars has net only gone through
thler league schedule without defeat, but
in tho replay of the disputed game with
the St. folumba, American League cham
pions, handed Jim Coffey's aggregation
a decisive and artistic trimming, score.
26-13,
The individual stars of the Camden
aggregation aro Sam Lennox and Jo
Hjde. and they shone forth In all their
brllllancj-.
Basketball Boom Up-Statc
Basketball Is on the boom up the.
State A few weeks ago a movement
was launched to play a short league
schedule, but It failed to materialize, and
Wllkes-Barre. Nantlcoke, Plymouth and
llazleton all organized Independent
teams Playing each other In a series, i
they are drawing Immense crowds.
League ball always waB a losing
proposition. Under the present sehem
tho plajers are dividing the spoils and
are making a pot of monej'. Hog Island
las been weakened by the absence of
Willie McCarter. who has returned, and
Tommy Dunleavy plajed his first gam
with Wllkes-Barre Saturday nlghU,
j.. l--ll.. : -mill r
.tuuy fceii in .'4I11IUBC ramea ,v
New York. Teb 3 At the Mlllroaa games
Madison Mqu-vra Garden on Tuesday. Ttb
lary S3, athletic enthusalita will have (ha
inortunltv of aeelne Cantaln Anriv lalw.
record holder of the 300-yard Indoor mark.
In bis first appearance in running togs sine
he hunr up Ma shoes for ths business af
war. Kelly received hla first commission
aa a lieutenant, and as tha result of harsl
uori. was promoted to a captaincy In tha
regular army.
Today
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