rj BV2SHING P-DBIIO LEeR-FaiLAJJjiJLPniA, MuJXDAY, DlSCEMBMt 1919 'i.fi m . YEAR SCHOLARSHIPS AS HOLIDAY GIFTS Williams -White Foundation Civos Money to Families So Children May Continuo SUPPORT CONTRIBUTED great n consideration to us as their taiu Mis? I'ratt. one lltllo boV." uo uiMcrt. erv brlelit and fullv rcnuld ,115 for the scholarship by his excellent work In school. Hut ho was very In different to eating and would never at tend bin mcnli If lin could eat out of It. Wo had n talk with lilm, and finally elicited his promise to eat. Last week ho camo into the office. When asked how he was getting along with liln diet, he exclaimed, Gcc, don't I look fntter? 'I've been eating everything meat, po tatoes and even rlco with raisins in it (bis special .detestation). It ain't half so bad when you get used to It." This work is supported by contri bution During tho. lust year .$:031.55 has been paid by the Foundation In theso scholarships. One of the most practical gifts for a working boy or girl at this time Is to give them a year's schooling. This may bo dono through the WH-Hams-Whlto Foundation, 1522 Cherry street. Many boys and girls ore deprived of tho opportunity to finish their ele mentary edtication at public schools be cause tho money they might earn is needed at home, Tho foundation makes knn effort to supply the families of such children so that the children may con tinue their studies. Mies Anna Pratt, director of the work, says that the foundation iu rid ditiou to giving the money contributed to families of the children, looks after the welfare of the boys and girls. "Tho health of tho children is as Church Has Golden Jubilee WlUlamstown, N. J., Dec. i!2. JuM Ice serviced wcio conducted yesterday In eclebrntiou of the fiftieth nnnher snry o tho Bunker Hill Presbyterian Church, near Crocs Kejs. The Iter. Dr. Raymond H. Gngc, of Wenonah, preached at the afternoon service and tho evening speaker was the Rev. J. M. Hunting, of Glassboro. Gifts to Dlx Soldiers Hiuldonfleld. N. .1., Dec. 22. Mrs. Robert A. Irving, representing the Loving Service and the Iladdon Fort nightly, of this place, and Mrs. Charles II. Kelton, representing the T'nrpiit-TpnpliprN' Association, wilt mo tor to Camp Dix tomorrow with loads of Christinas rlieor lor tne i-:.s unnj Inmates of the hospital there. iO NOT BUY RAILROAD SECURITIES IF you believe that the railroads the largest industry in the country are going to be allowed to go into bankruptcy be cause laws necessary for the satisfactory conduct of their business are not going to be enacted. BUT IF YOU believe, as we do, that it is imperative for the 'welfare of the nation that this great industry must be and will be given satisfactory protection, then you must believe that RAILROAD BONDS which can now be purchased at from 80 to 60 of their former prices ' and yielding from 5 to above 8 are an attractive investment and that this is the time for you to UYSOUND RAILROAD BONDS We have prepared a circular on railroad bonds, a copy of which toe shall be glad to send you on request. Parsly Bros. , 1421 CHESTNUT STREET V PHILADELPHIA Bell Spruce 6170 Keystone Race 760 Members Philadelphia Stock Exchange IL VOIO Dl FIDUCIA AL GABJETTO NITTI L'Ordine del Ciorno Approvato con Voti 242 Contro 216 Contrari Published nnfl Distributed Under , PEIIMIT NO. 841. Authorised hy tha act of October 6, 1817. on file, at tho rostofllce or Phila delphia, Pa A ft. EURLKSON. Postmaster General. Konin, 21 dicembro. La piccola mnggiorauzn ottcnuta dal Goveruo nlla Camera del Deputati oggl, quando 1'ordluo cho esprlracva fiducla nl Gablnetto fu approvato con votl 212 favorcvoll contro 210 contrnri, non si credo cho causcra' la caduta del Mini stero Nittl. Clo' nonostante si con sidera die causcra' qualchc cam biamento nel Gabiqetto. Roma, 21 diccmbre La Camera del Deputati npprovo' oggl un online del giorno, enc iminicava mlucia nl uov eruo, con oti 212 contro 210. II Ministro per gli Affnri Ksteri, On. Sclaloln. delieno' la politico del Go veruo e discusso la questlone Adriatica, vueienao Mil memorniulum Anglo Franco -Americnno nrcfcentnto nll'Itnlia. Bgll lia dctto clip quando fu iu Londra ijiojo ucorge splego cho 11 uicniornii dum nou cia una regohue notu o col 'ettiwi propostn, ma uu docunieuto il quale docva soltanto essere riguardato come un putito di partenzn per l'apor turn delle .dUcussioui. L'Ou. Scialoia intendeva di rcplicnre per iscritto ul memorandum, inn chu la 'Iccisionc fu ussorbltu dal rliultnto da una plena discus'sione oralc. Kgli ha detto : "IV cvidento die i nostri AUcati fono dUposti n discutevc unu soluziouo la qunle nou coiucitle internmente con le ultimo proposte amerlcane. lo sono fidticioso clic confioutnlo cou uu nccordo delle giaudi potenc nlleatc, biiato sui coiiiuni vautaggi iloiriluiopc, il Piesi- dentp H-.OH (.biibcntiiu uu alcune modltirhe ul buo schema." II Ministro degli Rstcrl confermo' la dichlarazlone del Prcsidcuto del Con siclio On. Xitti ebn c' intenzioiie i!rl I'ltalia di liuiancro fermanientc unltu agli Alicflti, pa nggiunse: "Le solide garnuzie dl nderenza per I'ltalia dei nostii tratclli di Flume, la protczionp degli ititlianl in Dalmnzia o la sicurozza dcll'Adriatiro, sono i nostii scopi verso i quuli tutti i no-,tri forzt devono cserc d'uetti. No! nou nbbiamn intcuzioni agrpsMve e iuemo licti f. potrcmo Mnbilire nmiclievoli lelazioni cou i nostii ucini siill'Adriatlco, i qunli non devono dlnieutlriirp la grnnde rmttc prpso dall'Itiilla per la loro iibcrazione." jamj!i&l!Mii4.MJJKV& w "Injured by flying glass" is what you read about every automobile accident even slight ones. It couldn't hap pen with "Safeteo Glass." Aslc iour dealer or parage man Furnished In any shape or size for iour Auto The Super Glass Co.. 820 N. llrourt fit., ruila, Sldmbcr o A. A B. A. i ' ' f "r The Directors and Officers of the PHILADELPHIA ' TRUST COMPANY an-, nounce the opening of the new Broad Street Office of the Company at the Northeast Corner Broad and Chestnut Streets " , .', V iff' 1$. " i afiriitai, GOSSIP OF THE STREET j SWITCHING OF RAILROADS TO OWNERS VERY BIG JOB All Eyes Turned on Washington for the Panacea for Unscram bling of Country's Carriers FOREIGN INTERNAL BONDS Wo have established t Direct Cable Communication with Belgium, France, Great Britain and Italy and through our agents in these countries can offer subject to change in prico featurihiy Closlnr Price at Par I'rlcra Excitants Normal Belgian Govt. Restoration' 5s $105 per 1000 frs. $193 . French Govt. Victory 5s 86 per 1000 frs. 193 French Govt. 4s of 1917 '. 73 per 1000 frs. 193 British Goyt. War Loan 5s 385 per 100 486 Italian Govt. Consolidated War Loan 5s. . . 75 per 1000 lire 193 Wo aro prepared to give information concerning these and other Foreign Securities and invito correspondence on this subject EDWARD B. SMITH & CO. Bankers 1411 Chestnut St., Philadelphia ELKINS, MORRIS & CO. Bankers Land Title Bldg., Phila. THE financial district again registered disappointment when, just before closing on tho Saturday half session, word came over tho vhe from Wash iugton that there would be no message on Saturday from President Wllsou bearing uu the return of tho railroads. Some of those disappointed tried to find consolation in the news that there would bo a vote on the Cummins bill at 3:30 on Saturdaj, although they ex pressed doubts us to what interposition might bo made by Senator La Toilette. There were quite a number who showed Interest in the statement on the railroad ucstion published In this col umn on Hdturdny to the effect that a certain person had been in touch with labor leader 'councils and found dies were int only certain about the reten tion of the roads, hut u1o the holding up of certain legislation Miflirientlv Itng to throw the whole railioad issue Into the next presidential campaign. Quite a number said it was more thnn probable, and a few were doubtful, hut udded thnt a few dins would show. It will not be for the lack of proper and voluminous propaganda, remarked a banker, if the public fall to be in foimed of the real conditions of the railroads. .Tulius Kruttsehuidt, of the Southern Pacific, has just published a diagram showing a rooinnrisoti of the increases o rates bv the railroads with the increase of prices, in trade. This diagram ohows that the Increase in the cost of commodities carried bv the ronils sluce the war has been from ?50 to 5110 per ton, but rates iqei cased in the same time SO cent per ton. In other words, while the incmise In value of commodities wns $03 a ton, ho increase in rates was onlv SO cents a ton, or, as Mr. Krnttsehmidt put it, the rnilroads took 1 I! ipnls out of the increased value of the goods marketed, while the traders took OS. 7 cents. Theie I? no question, he said, that in some .ay justice must be done to the rail toads. Tho Treaty and Credit Plans If the treaty is not ratified very soon, said nn investment buuker, it will shoit lv become the leading influence in cery financial avenue in this country. So long as it is being kicked like a football, as is now the ene, no ciedit plans can be nrrnnged for the benefit of Kuropc and our export trade will suffer se verely in consequence. He said what surpiiserl him mot are the statistics of our forei-jn trade figures under present conditions The cxpoits continue to expand, and this cxpuusiou is not confined particu larly to auv ono country, such as Great Britain, where the fall in sterling is causing some apprehension, but applies as well to all belligerent countries in a greater or less degice. If one had!onl, the exchange lates to base conclusions upon, ho lenmrked, expoits would be at a low point or would luua ceased altogether. One wonders what they might bo if conditions were different, and tho treat signed and out of the way, he said. Bankers Discuss Business Conditions Below aic given leading oplnioiih on matters relating to pieseut financial conditions: II. L. Oohcify S. Co.: Kixed income beating securities hae suffered seerely In raaikct prices from the ndiauce iu the cost of living, and the consequent deei eased purchasing power of the dol lar The imestor who three years ago owned these fixed income bcaiing se cuiities and received from them n satis factory income now finds that the amounts ieceied in interest or in divi dends on these imestments will not purchase much inm-e than one-half the volume of commodities these same In -tircst and dividends purchased tluee j ears ago. At the lime of tho signing of the nrmisticc more than a jear ago theie was a feeling in investment circles that neace would result in n lowering of living cost, a consequent increnso in the purchasing power of the dollar, and, of course, an advance in the market quotations on fixed income bearing se curities, such as bonds and preferred stocks. The riso in bond prices im mediately after the si?uing of the armi stico was largvl influenced through buying by large institutions on the theory that ns the war had enilecl com modity prices would recede, and securi ties with fixed rntes of return would advance, but the dela in readjusting Europe to a peace basis, and the con tinuance of territorial and other con tiovcrsies worked against any lowering of commodity prices. It is the uni versal 'opinion of dealers in investment securities that there tau bo no general advance in market quotations on such issues until commodity prices have started to move downward, and the oiirchasing power of the dollar begins to show an increase, these factors, of course, meaning an increased luir i basing power in interest and dividends on fixed income bcaiing securities. Chandler Bros. S. Co. The foreign exchange market still remains the oiv ''Ig thing to put right iu some feasi ble manner. When you can buy eleven and three-quarter fiancs for u dollar, one pound sterling for ?3.l!G and 100, 000 marks for $2000 thiugs lime gone far enough to call a hult. The estab lishment of a few billion dollars of dedlt for these four countries, in eluding Italy, and in which several smaller countries, such as Hie Scindi navian, Jugos, Serbia and Humnnin an particjpate. Ir a pressing necessitj. The silver situation presents a puz zling problem, with Inbor the iuteifei ing joker. This complex condition ex ists; at no time in many jears has the lequest for slher stocks buen so slight. anil at no previous timo has the demand for silver metal been so insistent or its alur so great. Kngland has a virtually unlimited order in the maiket at ruling quotations, but not below $1 nn ouuie. China requires fullv 7,000,000 ounces under similar conditions, to satisfj her needs. It would teem, therefore, tint present demand will continue without much, if any impairment of value. To pick up silver stocks nt present very low quotations before the big demand develops for them seems to us a very wise proceeding. llcckcr A: Co. Investors with ready cash were very much In prominence last week iu picking up some of the low price rails. These careful investors realize that the days of building new transcontinental lines is passed and therefore the present systems will have to take care of tho couutr.'s giowth much to tho enhancement of these se curities. With Baltimore and Ohio selling around 30. Lehigh Voile around 40 ami St. Paul preferred around 50 it Hoes not need much money to pay for these btocks' outright and take them uway from the market. This gradual absorntiou will have its effect, particu larly if some good news pertaining to them should develop. MacMeeliln & Wilkinson More in dications nppearcd that so-called undi gested securities are a market factor tit nrescnt. A factor that cannot bo re- fdiiced to computation, they exert, nevertheless, an upprcclablo innuencc. The ultimate investor, it Is clearly found, has nut absorbed the great moss of m-cent flotations, Much of this new New York Curb IMlUgTItlAI.H Air noductlon . .. . no amir Marconi . .. . Amer Hafety ttnzor . . . 17'4 c;r Llclit ... . a Oen Anplmlt 113 Clen Motors 3S14 llHjilen Client llupii Motors 134 Heiidta Mfic -IS Jtulliin Packing 20 l.oew s lno 'jn'i Montana Wn.nl 11 North Amir Paper 4'4 J't-rfrctlott Tiro Hit Hoot VHndmort Bl Kepublle Tiro Itublicr .... 4',l Known Fountain Ul Sulmiarln lloat 11 Hweetn Co 10'j Tdi Proctueta Kxp . ... 31' U S .steamnhli' I United Jinan fandj .. lsVj United Profit Sharing.... J' t'nlttct I'lituro Prod . . 17 Vtvladou itn. . . . . L2 Wayno Coal i.; Lew 43. Close II) 174 17& 3 !l 111H 112 31 3X 3 II 13 nt finnncing is still supported on credit. Ah this clears, a vitally helpful In fluence In the money market will be created. The new ear, however is ex pected to produce many more issues of all types. And there is the. unusual number of approximately 100 ucw list ings yet lo be put upon the stock ex change, many of which are now secu lities created during the last year. An nouncement to this effect emphasbes the fact that the appeal to the public in the matter of ucw tlutiuclug is by no menus concluded A. M. Byllesby & Co. About ?lfi. 000,000,000 capital, representing a con siderable part of all the snvings of (he people of the eountrj. are invested in public utilities. The securities repie scntiiig these savings nrc held bv thou sands or investors, large and small, uud by nenrlv everv linnk i,l finnneini t . stltution of the country, and in endow - ' v''U't'L ivt" ' ment funds of churches, colleges, Mr"'0'! . e.l..'.: OUUU.UB, nospirnis, ana in other trust Kinds. Ihe integrity of Ihesc invest ments is of diiect or indirect conse quence to evety citizen, mid the main tenance of the service and the expan sion of the time and monev nud labor saving devices of public utilities ate in calculably (niportnnt to every man oi womnn with an indiisttiiil intetest iu inn touutrj whether as invcstfn, em p over or wngeenrner. "Tho Annalist." on lestoring the Pllichasinir nmm. ,i.A r..n..n j.. . ir.'i . tU,Q it. ....-I . 4S SOJi 6k in Wi 1(14 3ci't t IS 17 21 'j 4 INDWIMdlNT OILS Allied Oil finance Amnl Hevally Hoono Oil J'oston Wjcinlnu ... Uurknett van Cleavo ' urlh Sjn i"o?den & Co ,. Dominion . . I ilk Basin Pet .... lmeralda. Oil IVdoril Oil .. Ol.nrcKk Oil Horn Oil Mourton Oil 1,"iS 7 07 tf 3.il ? 'a , Int l'otrol iMarid uu I.ivlnaston 0 ili.' IU 3 i 7S 10U sii.vs, m ))Urt: ,JTV toi wl""V tllc PW'Jcct of the htie American investing corporation appecls mnf?f,a,.0DBby r,'lVrt thnt if American manufacturers and traders leave in sni'J i" , '. cash "I'cruing fiom their sales in that country they will have to ii "n.j'l'iljnlent amount of capital in I ae I nitecl Mutes in order to carrv ou their badness True, but In that case rVm,tl"I"if'I Vtt ho M,UEllt 1,v fIlnsc bc"t equipped to locate it among those most interested hi fuinisliing it. The expott cr. if he be not the actual pioduecr of the goods exported, can ask the sup pott of the producer In financing the linnsnetion which benefits tnem notli. Another expedient can and will ptob alih be emplojcd. It is that of an al liance between the export house nud the sttougly i capitalized International liuntire corporation. Alteadv there nte several of these alliances iu opciation in the United States, uud the present complicated economic situntlon in Ku iope will utTord ample scope for thrir uctivitj. However, the problem how the Amer ican exporter who left his money in I ranee would obtain cash to finance his operations need not be gone into in de tail. Our object Is to devise some ma clunerv wheiebv Americans trading with 1'iance will be enabled to invest in that country in such a way and to such an extent ns to keep exchange at a level where thev can continue their regular export business. It is believed the plan outlined would accomplish this. LOCAL MINING STOCKS lONOl'AH BIOCKH Cnsli Ho .Tim Under MncVamira MIiJwhv Mliimli Extension Montana . North Mnr . . . Hi scue l.nla Innnpth i:trnnirin West rind V est Co l ... No Am Oil HP 1'hllllpa It Producer & Ilttlners Uanger OU lUan oil salt Cnek Prod .... Swiucjah Oil ... . kellj Oil slmttiH l'pt I'iH jvHiiKer .. l'-n 'irinit on ; mu "II .... . ln'i V nln. , nn uiw ., . , is, Vulcan on IJ4 nmiiik on , , nj'4 MINIMI, MOCItS 1)V 1(1 1 7 91 5i4 11 3311 r, 1SS n4 11 . 43 11 4 01 r.' 11 io!j in i, 0'i 4S 20J, 4j(t IU 51 13 11 oVi 32 I 18U I?" "'ft ini"t 1't 7 07 .'US !: lr.s 11 Us sn 111 ,1 111'. 42'I ml'. Hid nil J 1 in ir, mi .10 .or, .17 Hi 10 UIV1D13 STOCKS, Mlled 15lvldo 01 Alto Dllido OS Ilelchpr ::.- lien Hur 1ft llrouirh I'lvld' 35 Divide KMenston . . . IHvlde Svndlcilo 01 Divide Con as nuidend K-ist I)lvli o-, Hasbrnmk Divide on Hleh Divide a-, Ilevirt Dlvlrfo "-, Keno Divide 04 Hosettj, . of Silver Kine '10 Tonop.ih Divldo 35. Tonopah HaKhiouik "0 Vlcorj Divide ir, A erde Divide nono I tlanla niue Hull nooth COD Combination Traction c lackerjark Diamonddfld II n . Dllav Ploreni-e cloldllelil Con Cleldtleld Mercir ... Hold T), celni mrt, PCIreat Ilend .. . . .lumLo Extension KavviraH J.ono htTr Orn . . . "f'l 1 llii . .... Silver Pkk . ". Spearhead .... .20 30 CiOI.DriELD hTOCKH 02 .OJ .01 .02 .in .0.1 .01 .OJ .31 .11 .m .13 OJ .111 Amparo Arizona United J. nen .02 Ill OI , Ot 03 04 MI&CnLLAKEOUH 1 0 CTnth..' t'n',1 .- Nevada Hill n" ' Nevada ltnnJ ..., 'ofi N'euda Wonder '. 'r, Prjinontarlo ,1 TeenpT Allnins 07 White Cans . ....... .11 Combined Reserve Bank Renort HiishlnB Inn, Dee IM Tho vveeklv report or the combined .ondltion of the twelve IV,. ""I.1;?""?, """. l ie close of bunlnei; AvW OS :i i" .'ii OS 1.1 IIS 11 .ft on .1 1 311 .13 15 Ol! .10 21 .07 07 I Ml .30 21 .20 03 .03 07 HI .01 07 03 ir. to 11 en n 01 07 111 .01! .01 .01 "1 04 .111 .13 Me. .mWrllV .,""".' "uoiuess rederai ii;c ii.,"',"" "";yr." .v .tne : ,;;;, ' -"..., .a a iuhov, on Friday 1 enoral : omitted). (000 itcsourtcns Gold roln nnd tcrtlll- cates III ult J241.321 uold settlement fund 309 8J1 Gold v-lth rorelkti aecnrlea . . . 137.717 Dec. 12 J243 14S 401. Odd 110.010 T 1 cold held by tk $778.1177 Gold ivlth rederal no- "no aa-enta 1 201,(151 Gold redemption fund with U H Treasury . lln.K" J788.12I 1.188.343 110.821 Total Bold lesonea 2,0!)5,S13 2.0nn,288 J.eiral tender silver ctra . subsidiary coin M),008 OI.HT Total reserves Bills discounted seured ny povt war obiu All other xiuia boutflrt In open lnarl.it 2.1 SI 11 2 1(10.401 il M. 11.0.10 ll.BR8.417 "ifltl.MB HD9 41.. IS! ..Total hills on hjuid. 2.nnl,37S J2,SO nm V, 1 Govt bonds ,. 28,848 2(1,847 II s Vlitors notea 54 ' aS U H rertlllcates of In- debtednoss . . . 303 358 273 2ln T'l other earn nssets J2.8IU ssn V fiAi 07 riank premise! . . 12.98(1 12.983 Uneolletted Items (de duct rr. cross clep ) 1,1 10 224 KIvp tHr cent redemn fund acalnst V It hank notes . 13.3S1 12 nfli All other tesources , 11314 H 270 liS1.r27 Total resource . . .J(l 221.S04 Jil.150 241 LIABILITIES Capital paid In 187,010 jst noi .Surplus . 81 os7 si ns? rtovernment deposits (14. 459 89 503 Due to members teserve aneount . . 1 733.013 1.S17 401 Deferred availablllt items . . 848 007 "M 5.14 Othr dep inel for government credits . mi nr.n 101.48s Totel crosi denoslts 12.7.11 148 2 7il!i 1111 Ked Tie nois In ac tual clrrultton . 2,988 SOI 2.907.431 Fed Res hank notes In circulation nel lla lilll" 230.075 258 444 All other linhltttleM In- clud for. govt credits . 5(1,451 R1.322 Total liabilities . . JS, 224, 004 $(l" 1511.241 ftatlo of tolnl reserves In net deposit anil rei!"t reserve into llnbllli'es cinih'ncd. 1(18 4(10 Ilatlo "l enlil reterves to J'rili-ral It l"' nntes in clriMi'iiilo'i , nfteri setting nsldo 31 per cnt aaaln-t net deposit liabilities .n.2"",, 42 8 ' . BAR SILVER rommorinl hnr riUvpr ns minted unchanged i fiondon today at 77d, Alas-Hr Col Atlanta Hflcher HUo , ivicher lltio Kvt .. . IllK I-ftlKO . . . . Ilnoth Mn8t A Mont IHitte-N Y .. .. ( nliil Min 1 nlumft Joromo . . . Canada Cop Canrtelnrla At Cons Virginia Cons Cop M Crppwin Oold Crernt MrNamara ... hurii(H Cioctua 4tf Mininc (Joldrn Unto Kxp . . . UolJ Cons . . . . Gold Kv.atiH .... Grld Atertjtjr .... Gold iller l'Uk . .:.. Great Ilond IIpi la AIltitiiR: lumbu nxtenalon . . , . Knox Dl Idn ... Louisiana Co MrNHinara Gold om March Mln Ioth( r Loda Natlonat Tin MplssliiK . . North Mir . . .... Onnndasri .... Hoohetiter Mines . . . ltop Group Sin 'lo Rlhcr Kinir of AlUona lunopah Uelmonl Tonopdh Cdsli liov Ton Divide . . Tonopah Ext Tonopah Jim IJutlcr TOIiopah Mlzpah . , Tonopah Alontnna . . Ton HroLue Vu i . . . . Unltv Gold . . . . . United Kastern . ... Victory . . WeH J-nd Cons AVlilto Caps Wllbert . prlnnrton U S Cont! . LOCAL MEN NAMED ON FINANCIAL BODY Educators, Bankers and Busi ness Men at Pan-American Conference Notcc'. riillntlellihin cducntori. bunk ris and busiup'-s men nrc nmonR the men selected by Secretary oC the Treasury Glus as I'cmih lvonia members of tho croup committee appointed iu connec tion with tho recoud Tun-American financial conference, which opens iu WnshiriBton on January 12, The committees will help Mr. Glass in his conferences ivith ministers of finance and other delegates sent by Latin-American governments at the in vitation of President WiUon. l'ennsjlv.una members ot group com mittees cho-.cn bj Mr. Glass ar"-. IJoliviu, member, Arthur i. Cliureh, secretarv, llaldwin Locomotive Works, I'hilailelphia; t-ecrptarj , Charles Ivou Chandler, manager, Toreign Tiade De partment, Corn Exchange Hank, Phil adelphia. Chili, member, C. II. lowing, federal manager, Al!ej)ien region. United States railroad administration, Phila delphia, vice president of the Heading Hallway, und John J. Itaskoli, chair man, finance committee, General Mo tors Corporation, Wilmington, Del. Costa Kicn, secretary. Cjrus V. Wicker, Logan Hull. University of Pennsylvania, Philadelphia. Cuba, members, L M. Pntterhon, Wharton School of Finance and Com meico. University of Penusvlvunia, Philadelphia; Levi L. TSue. Philadel phia National Hank, Philadelphia. l'ciiador. member, Howard I). Loeb, president, Tradesmens Natiouul Hank, Philadelphia. Guatemala, member, A. B. Farquhor, York, Pa. Honduras, member, John G. Ilussell, president, Seeuritj Trust nnd Safe De posit Co , Wilmington. Del. Mexico, membei, Alba P. Johnson, ex -president, Baldwin Locomotive Wotks I'hiladelphia. Panama, chaltmun, II K. Mulfoid, the Ami'ticiiii Laboratories, lf)U4 Pine stieet, Philadelphia'; member, James T. Young, Wliaiton School of Finance nud Commeice, Univcrsitv of Pcunsjlvania, Philadelphia Peru, members, Hollis Godfrej. pres ident, I)reel Institute, Philadelphia; Lmerj It Johnson, dean, Wharton School of Finance and Commerce, Uni versity of Penusjlvnniii, Philadelphia. Venezuela, member, nil Hum v. il son, director, Commercial Museum, Philadelphia PROTESTS NEW RICHES Japanese Hurs Himself From The atre Balcony Into Millionaires Toltlo, Dec 2-.' As a public protest against the luxuries of the newlv rich, u joung Jnpauese threw himself from the bjikonj of the Imperial Theatre into a group of millionaires, who were seated iu tiie orchestra. The joiuig man was seriouslv injured bv the fall; tho niillionaiics were unharmed. Acts of sai'iiliu' of this soit as u manifestation against conditions bo liecd cvit have frcquentlj occurred in Jnnunese history Every Man Needs This New Book Free to any business man who is interested In the market and who wish es to know: The General Rules of Trading. How to Gie a Broker Instructions. lirokcre' Commission Charges, How lo Indorse a Stock Certificate. How to Use Collateral in Trtdinp. How to Group Invest ments. The Deposit Require ments for Carrying Stocks on Account. The Rights of Stock and Bond Holders, etc. Written in simple lan guage and easy examples given. No obligation. Edi tion limited. Call, phone or write at once. Ask for No. T.U.-664 JONES & BAKER SECURITIES Widencr Bldg., Philadelphia Phtm, Bill, IVthut 6065 Ktyfnt, Rate 2290 DirHt trivitl Iflrtl ritubonr fielten Mew York Ciieigo Dttrolt Btltlmetf Free ol Normal Federal Income Tax Free of Pennsylvania State Tax PENN PUBLIC SERVICE CORPORATION 1st & Ref. 6s, 1929, at 96yi and interest, to yield 62 Circular on application Locun; BID! ianj THU BJp, Kace 414 LIBERTY BONDS All Issues Bought and Sold $50 $100 $500 $1000 Graham, Parsons ZMq, 435 Chestnut Street Philadelphia J-mANfrAI, pAVlI) MirTON'B SONS COMPANY . Sinking Fund I'lirrhoK ot I'mOrrfcJ IMok Purmiint to the turfemfnt of David tcipr ton'" Bonn Compiny nnd th undrl(nl, M Triutfe of the fiinktnn Fund, lhe.,ndeii lnrt hrrrby Klv notion that It hMt relvrd hotlrr from David Luptom1 Bonn Com, puny that nld Company will dr;otlt with tlw undermined nn or before January B, lick the mm of Thlrtv.one Thocifand Three " urru miu iincr'oeen uoiiara una l v-riiie ,oi,i,(,mi(, in tne HlnHIn provided under the Aitreement under ,.hf:JKKS",.Ah'?. .f- Pref.rred.loa lle,l. at a price not to exceed oar and Sk crura premium of ten per cent. n..kl - 1 . . -. . . j " " . f' . vtii t,i art W.'irWin,.w-J"W",?!S ? Ah-?'.!!4lpw .-..rj";"i"r': ".' " """" r pucn . otieri" will lie rer ert tmlll fc- - 'JttnMvaLWtffi2 inr COMPANT ,',,.fK.on "rrember 89, 110, l'HILADULl'HIA rilUST Trunin JOHN C. WALLACE, Phllaclclplil. December 20. injill"Vr"r' 'Annual Meetlnra ISS THE ANNUAL JII5KT1NO OF TUB "S' no cvhnldera of tho m,..Yi ifir Marine lend Inland Inaurance Company, for the election of Director to aerve for tho enaulntr year nnd for the tranaactlon'of ouch other buslneaa aa may properly com befnr It. will be held I at the offlM ofthjmpany! Uoom lrt3B Commerrla Trtiat BulMlnr! Philadelphia, at a no o'clock p. m "on Thursday. Janunrr VI, 1010 p ' ott ClLAnLKa N. HAStnO. necretary, IK3?IIE MANAYCNK NATIOJfAI, BANK k? Thlladelphia. Dec. 18. I9t K The Annual Meetlnp for the election of Director of thla Bank will be. heM ii llanklnir Hnuae, corner of Main anS I.evnrins, nta on TueKdny, January A 1020. betnern the houra of 11 a. m ami 1 p. m. """ EUOENH J. MORRIS. Caahler. vxn lrSErMTTr,B srninxKii.1, naoa. liS THIN ItAlLROAl) ANT1 rni '.WAi , - .w.&a www 811 Walnut t. Philadelphia, December 10 lorn The Annuil Meetlne of th ,i.h.,I nnd an election of offlcera will be held on ednraclu. Jaiiunry 11, 1D20. at eleven (111 o'doclc a m PIIUSTOX BREAnLET. Jr. Becreta' 'SZz-, r3? T1IK ANUAI, MKETINQ OF 1TIK American Hhlpbulldera and fihio ownera' Mutual Insurance Company will ba held at the nmce of the company. 228 Wal nut street, Philadelphia, on Thuriday. Jan uary 15. 1020, at 12 o'clock noon. HENrfr r. CLARK. HecreUrr. ' 37THK ANNUAL SIKF.TINO OF THE n Trnnapnrtntton Stutual Tnsuranoe Cam. puny will be held at tho office of the com' puny 22rt Walnut elreet Philadelphia., on Tiiesil.i). .lumuirj 27, 1020. ut 12 o'clock noon. 1IENRT P. CLARK, Secretary. Annnal Klectlona K35orKirB OF TIIE fllRARD TBUST IKS' COMPANY At the Annual Meeting- of the atockholdern of filranl Tniet Compnny, held December lis; 11B. the foilowlnir ManaKere. whose term of omce then expired, were duly elected to sere for the term of four eara: Thomaa De Witt Cuyler C llartman Kuhn C'hariea Edward Ingeraoll ' John B. Jenka. Jr. ' Charles J, Rhoads At a meetlne f the lloard of Manaitarav held December IS, 1910, the followlnir offlcera were elected: rfflnKham U Mnrrla President William New bold Klv, Vice, President Albert Atlee Jackson, Vlco President Oeorse H btuart, 3d, Treasurer .amul W Morris. Secretary Thomas S Hopkins, Asst. Treasurer i:dard T Stuart, A.st. Treasurer V Lewis Barroll, Art Secretarv S. W MORRIS. Hecretarr. ,5Sr THE rr.xx MUTUAL LlSp & INSURANCE COMPANY PhlladPlphla. December 30 1010 Tha Annual Election for nine trustee' serve three vears will be held at the nom office ot th company In tho Penn MotSi, "ulldliw .lid W nut ..... PhTlPadSii' between Pa., on Jlociouy, the houra ot ju 1020. Jnnimry A . m nnd H JOHN HimPTrnnva Secretary and Treasurer. U3V I'lilladelphlR, Pa. The annual election for Director, of thin Bank will he held at the Banking- Hou on Tuesday. January 13th. 1010, between the hours of 10 o'clock a. m. and 12 o'clock pa U W RRT Caahlaj, ..THE NINTH NATIONAL B;VNK X5 Philadelphia, Decemlwr 20. lino. The Annual Meeting of the stockholders of thla bank, for the election of directors,1 u HI he held ut th hankinif house an Tum. dil). Jnnunr 13, 1020. between the houra of; 12 o'clock nnnn and 1 o'clock p. m. r '- JOHN a. 80NNEB0RN, Cashier. V Dividends Bonds for Investment Circular Upon Requeat The National City Company CorresponIent Offices In over SO clllea Philadelphia 1421 Chestnut Nt. Alluntlc City 1225 Boardwalk Georgia Ry. & Power Co. Second Preferred Stock REED A. MORGAN & CO. WKST END TIU'ST Bt'ILDIVG Members of the Phlia. Stotk Exch K. IV. CLARK A CO.. HANKERS Offlce of the HUNTINGTON DEVCLOP. MENT AND QAS CO Preferred Stock Dividend N'o. 12. The board of directors of the Huntinrton Development and das Co.. has declared the regular quarterly dividend of on and one half per rent (IMs'r) upon the preferred stock of the compnny. paiable January 2. 1020. to stockholders of record at the close of business. December 21. 10I. Checks will be mailed to holders of otinur trustees' cer tificates of depoHlt. WILLIAM L1LLKY. Secretary. INTEGRITY FINANCE COMPANY J4 a. join PI. Philadelphia, Dec. 5. 1019. The Directors have declared the rerular semi-annual dividend of S5.00 IS) per share, on the Preferred Capital Rtoclt. payable January 1, 1020. to stockholders of record on that date. Checkr will b mailed. C T. OARUER. Treasurer. Proposals PROPOSALS FOR HURLAP OFFICE OF tho QuartermuHter (tencral, Clothinr auo! Kqulimne DlvUlon, Munitions Hid., Wash. lnsioii, D. C. .Sealed proposals. In duplicate. wl! be re celved here until 11:00 a. 111., January IB. 1020. for furnishing all or any part of ,0.0(10 yards llurlap. Information on re quest. FINANCIAL )SS5I10 IHE HOLDERS OF THE Io ' ' Klnle. Lunnlnc Ijun und Trust Co. Dehenliirc llonds: Persuatit lo an order of the District Court of tho United Males for tho Eastern District of Pennsylvania, entered December 15, 1010, the undersigned upon piesentatlon at its office of tho debentures will pay th'r'on the flunl llai'ldnlloii dhldenil tu tha several series in the, percent ages bs listed belcw. f-erles A l)2lS.'h0n4 Series O .04ll9H4ill8S Series B n3JJ7HlJ87 Scries H 0034813 Herlea C .0120311 Merles 1 OOJ0UO27R Series D .IIH3SA4109 Herlcs J .0412IKI37AO Tories II .01U00S314 fcfrl" K .01440331144 Berlca V 0430101"2i onunu TRUST CO., Trustee and Receiver Philadelphia Pa December 22, 1010. READJUSTMENT OF Maxwell Motor Company, Inc. AND OF Chalmers Motor Corporation To the Holders of MAXWELL MOTOR COMPANY, INC.: Klrat Preferred stock. .Second Preferred 3tock. Common block, CHALMERS MOTOR CORMPANY: First Morteaso Six Per Cent Flvo Year Gold Notes. CHALMERS MOTOR CORPORATION: Preferred stock. Common stock and To the Holder of Certificate of Deposit issued under the PUn and Agreement of Readjustment, dated August 30, 1919, for the above mentioned securities. Announcement is hereby made by the Committee as follows: 1. The following amounts of securities have been deposited under the plan: Stock of Maxwell Motor Company, Inc. 66 per cent. Notes of Chalmers Motor Company 11 per cent. Stock of Chalmers Motor Corporation 79 per cent. 2. The foregoing amounts of securities deposited, and particularly the amount of notes of Chalmers Motor Company, are not in tba judgment of the Committee sufficient to enable it to declare tho Plun operative. 3. The Committee has been unable to secure from the Bankers a positive commitment for an extension of the time for the purchase, fjy the latter of the $10,000,000 of new Notes referred to in the. Plan, and the agreement between the Bankers and the Committee for the purchase of said Notes has therefore lapsed. 4. The time for the deposit of securities under the Plan is hereby extended to and including JANUARY 31, 1920. If. prior to said date, sufficient additional deposits are received, the Committee will again endeavor to effect arrangements for the sale of the $10,000,000 of Notes of the New Company, 5. The Committee believes that the prompt carrying out of the Plan is of the utmost importance to security holders, and therefore urges the prompt deposit of their securities. ' Dated, New York, December 16, 191. HARRY imoNNK.rt, Chairman. JAMES O. UKAHV, JOHN R. MOICRON, ELTON PARKM, ' JULKH H IIACHK. HCflH CIIW.MKKH. J, HORACE HARDING, louimutet. C. H. HUGHES. Secretary, 80 Broadway, N. T. City. V 3BSB ,.f, N to'. t 'M. j L ..'
Significant historical Pennsylvania newspapers