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tT"
7-- 'n. '.'' , """ 'v .V'V5 k" "' Nvf''
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EVENING PUBLIC LEDOEliiPHllLABEiPHlA, tfOtflJAY, AUGUST 23, 1920
,-
If -
' :-s?5aJ i,- . .
isszz il
B0LE5 fi-WBTWOpD
HembfiiS Phlla.jSiock.Bcehandf
INVESTMENT
SECURITIES
i?Mto
jKn''"'ti M --
THERE IS A VACANCY
in an established brokerage house
lor a capable eseeutlve. Tha tflan
!, are looking for muil ppiim u
thorough knowledge of nil tho run
E ,1 a stock brokerage house.
He shoi d be of fair standing, have
imoli acquaintances, etc. Ill on
unities are unlimited and ho
should bo satisfied with no lees Chan
17500.00 and must earn It. nox
4 C 818. Ledger Offlco
rgyfegsl
Edwin j.5aiomifcca
felBaXESXMfflJJGTUBBS
" PH1XA..
Special Meeting
Special Meeting
THE 1'OXISH NATIONAL PUULISIIINa
COMPANY
Philadelphia, August 14, 1020.
Notice Is hereby Blvcn to the stockholders
of The Po'l'h National Publishing Com
Liny. corporation organized and existing
(lJf the lawa of tho state of Delaware.
Int. In pursuance of a resolution of the
llmird of Directors of said corporation, a
special meeting of tho stockholders of The
Polish Natlpn.il 1-ublIshlng Company will bo
ntld on Friday the 10th day of September,
102(1 at 8 o'clock P. M., at the regular
tn-etlng place and onice of tho said corpora
"on at 707 S. 2d St.. In the city of Phlla..
Pn.. for the purpose of voting for or against
the proposed Increase of the capital stock
if the said The Polish National Publishing
Company from KiO.Oufl.OO to J550.00u.00.
PRODUCTION ENGINEERS
35 Years' Experience in Labor-Saving Devices & Methods
Designers and Builders of Automatic
Machinery, Punches and Dies and Manufacturing
Equipment of Special Character
Engineers and Machinists
A. NACKE & SON
ntl pi,,,...
llWr-., 'It"
236-242 S. 9th
Federal Motor Freight Corporation
Daily Service
Philadelphia
Hancock and Columbia
Krai. 14 Park 4H4
Newark
437
Donnd
Following points touched
Arlington
Dayonna
llellevllle
Hound nrook
nrooklyn
Caldwell
Cednr Oroya
Cliftna
Crnwforil
Dunellon
r.llinlietli
i:sex Fnll
(lien nidge
N.J.
Harrison N. J.
Iloboken "
lrvlngton H
Jersey City "
Kearney "
Lonr Island Clty.N.Y.
Maplewooil N. J,
Montelnlr "
Newark "
New Brunswick "
New York N.Y.
North Bergen N.J.
Nntley
N. Y.
N.J.
In addition to service outlined
H points cast jf New York. Rates
THIRTY-SEVEN
O
Columbia Graphophone 1
manufacturing Co.
Five ycnr 8 Gold Notes
Duo F. & A. 1925
Sinking fund will retire one
half of the issue before ma
luritu. Notes carry privilege
to purchase tho common stock
at $35 per share.
Price Par & Int.
to Yield 8
Reed A. Morgan & Co.
Wnst End Tnnt DUlft., Phlla.
Membor of the Phlla. Stock Exch.
Bonds for Investment
f--rinr TTr Ttermest.
The National City Company
Correspondent Office In Over to oiiitm
IMilliulelphlii 1421 che.tnnt h,"
Atl.ntrt Cltr IKS neardwal.
EXPERIENCED SOLICITOR
wanted by well-known collection
agency. State nge and expert
ence. C 912, LEDGER OFFICE
FINANCIAL'
NOTICE
To th Stockholders ot Surpass Leather
Company).
There will be a special meeting; of the
Stockholder of tills Company, held at the
general omen of the Company. Ninth and
Westmoreland Streets. Philadelphia, on the
l!a day of Heptember. 1020. at 12 o'clock
noon, for the purpose of taking; Into con
sideration tho modification or change of the
terms and conditions of the preferred stock
of thli Company Issued 'and outstanding, by
Issuing lu l';u,1'";0'aSe.y,reof certificates
of stock entitling tho holder thereof to re-
annum, jind no mora, from am
Issuing thereof, payable half-yearly.
after the
any dividends shall be declared or paid upon
Derors
any omer ""'" " ,'"" .u, worauon. sucn
preference dividends to be cumulative: said
shares. In the event of liquidation or dis
solution of the corporation, to be entitled
to be paid In full the par value thereof,
with unpaid dividends accrued thereon be
fore any amount shall be paid to the holder
of other stock of the corporations said pre
ferred shares, however, not to be entitled to
further share In tho proceeds of tb corpo
ration. By order of the Hoard.
IIOt.T.TStTF.n STUrtriES. Secretary.
St.. Phila.
Keystone Phone:
Main 3311
New York
414 Lafajrcttt St
Boring 7M
Broad St.
Brook Z70S
daily
Orange (E-W-Sl N.J.
Overbrook
Pnssalo "
Fnterson "
vPerth Amboy
Plolnfleld -
Ilnhway
Hoeclle
Somtrvllle
South Amboy "
Verona
Westfleld u
above our connections touch "all
on application.
5
OF
PPORTUNITY
Philadelphia's thirty-seven miles of water front
on its two rivers is like a double gateway to
world-wide opportunity thrown open to the
people and" enterprises of Pennsylvania. It
may well entitle Philadelphia to rank, among
the world's greatest ports.
It only remains for the community, its
public-spirited citizens and industrial concerns
to co-operate closely and with broad vision in
order to realize these opportunities. - In this
great work we stand prepared to contribute
our share of service.
THE
PHILADELPHIA
,. NATIONAL
BANK
4,2,1 CHESTNUT STREET
:
GOSSIP OF
THE STREET
While sentiment was greatly cheered
by Ike substantial rebound from tho
depression in tho earlier part of last
wck, it was thoconsensus of opinion
among tho moro Important trading in
terests that tho real test of tho Inherent
position of tho market would come this
week. It was nolntcd out that the re
covery was largely made at the ex
pense of tho short interests. The con
tinuation of tho rallies therefore will
tltpcnd in a measure to tho extent of the
still outstanding bear accounts, and the
otherwise buying power of the market.
Confidence of maintaining tho for
ward swing was greatly lessened after
tho publication of the bank statement
disclosing the reduction of the excess
reserve almost to an extinguishing point
again. The inability of tho lnrgcr In
stitutions to hold up the rcservoi, ac
cordingly, gives little promise of any
immediate change in money market
conditions. Money ra'tcs, it Is true,
are no higher, nor as high, as they
were a fortnight ago, but it is ns diffi
cult, If not more difficult, 'to obtain the
necessary financial accommodation for
market operations.
It is In September and October, ns
a matter of fact, that the real demand
for money develops. Cotton and ce
reals require large sums In their move
ment to market, and, In view of heavy
business loans already outstanding and
which are being slowly liquidated. It
seems Inevitable that reserves will suf
fer considerable deterioration in the
fall.
That, In turn, apparently forshadows
a still further tightening qf the purse
strings by the banks, In so far as the
stock market operations are concerned.
Strength of n. and O. Stock
The unusual strength nnd nctlvlty of
Baltimore nnd Ohio stook the last two
or three dnvs hnw come in for consider
able attention. The buying, nccording
to the bonrd-room reports, was of the
highest tvpe nnd was encouraged by a
wldesnrentl belief In market circles thnt
it will be one of the fiTSt rails to get
back on n dividend bnsis. Street gos
sip, however, has It that Influential
speculative combinations have been
formed in many of the low-priced rail
road stocks. Tt was nlso said that the
movement In Baltimore nnd Ohio was
engineered by a pool which transferred
Its nctlvitlos from Southern Itnilwny.
The same story was told about Head
ing that has been heard ever since the
Supreme Court handed down the deci
sion several months ngn that banking
interests nre accumulating the stnclj
with the intention of retaining It until
the nsscts of the company nre dis
tributed. 'As a matter of fact, in view of the
extensive propaganda which has tieen
carried on to bolster up interest in tlic
rails, it is surprising thnt more ma
terial results have not been accom
plished. Although many false starts
have been made in the bull campaign
ing of the group, it is reasonably cer-
tain that it win cvciuuw. ""
for n big share of attention and prob
a'bly be mndc the real market leader.
Establishing Losses
It seems rntlier like the Irony of fate
that many of the larger operators who
refused to cash In the handsome accru
ing nrofits on the crest of the bullish
wave last year In order to escape income
tax payments, are now compelled to
sell stocks for establishing losses for
their income-tax schedules.
The senior member of a prominent
commission house, with n large clientele
in this city, New York and Washing
ton, ndvance the theory thnt one rea
son for dumping big blocks of stocks
on the market in the recent depression
was that both wealthy investors and
Inrger traders, who overstayed their
mark, were using the depression to
sell stocks for establishing losses. These
stock, he said, were immediately re
purchased, but in some cases switches
were made from one s'tock to another,
or from one group to another.
It is not often such chnrncter of sell
ing Is ever witnessed in midsummer, but
is generally encountered at the end of
the year before income-tax schedules
nre made up, but it can be put through
MILES
-.iKwrrnti,,
at any. time to the advantage of tho
stockholders.
Stringency Partly Relieved
Tho National Hank of Commorco of
Now York, In a statement discussing
money and markets, asserts that while
tho credit requirements of tho now crop
movement will not reach their maxi
mum volume for some time, and easier
credit cannot bo expected until the peak
of the movement hns been passed, the
situation has Improved enough to mako
Clear that thn nutitmn nrrliMilturnl
credit demands will not be too great
for the banks to supply. Continuing,
tho statement reads:
"There are Indications also that
mnny commercial borrower, in re
sponse to expectations of a credit strln
8cn,cy during the fall which have pre
vailed for many months, hove at feast
to some extent anticipated their nu
tumn requirements for credit. This
factor, coupled with the continued
tendency toward reduced volume of
business and lower prices for many
commodities, mny be expected to relievo
the pressure of commercial and Indus
trial credit requirements. It must bo
recognized, however, thnt some llttlo
time will be necessary for this relief
to make Itself manifest, because of tho
Interval which must elapse before a new
policy In business brings results.
Hopeful on tho Outlook
There was a general tono of optimism
in the weekly market letters of the
leading commission houses, the moro
Important of which follow:
, l,enr,y West: Thero has been very
llttlo change In the domestic situation
since our last letter, industrial deflation
C?P, SUM:. t10 ,onn situation is only
Hligy.tly,, if at all, Improved, commodity
prices ate still declining, and wo aro
in tho midst of the vacation period. Jn
some ways, while they do not appear on
the surface, these factors arc all work
ing toward a sounder business condi
tion. Inflation sooner or later had to
end, and nn orderly retreat is some
times n victory. Sooner or Inter busi
ness will have n basis at which It can
function properly, and sooner or Inter
the B'.-ick market will begin to discount
this stabilization of business. To those
who buy to hold, we recommend rnil
road nnd copper stocks -as representing
two industries. Hit first of which was
not inflated, and the second as having
beon the first to feel the effects of de
flation; IlOCker & Co.: Thn foollnc la ornnr.
ing in banking circles that though tho
reserves may necilne further, nnd
though the westen crop-moving1 de
mands will make Hicmselvcs felt In the
East, the Worst of tln crnn-nimrlnc
strain is over. With the mnjority of the
eastern states authorizing rate increases
to correspond with tlic intcrstnto Com
merce Commission, tlic rolls which
have been neclected were ncnln much In
demand. The rails may be well bought
nt every recession.
Schmidt Jfc Decry: From nil indica
tions the market is In a period of flux,
nnd tho movement of prices Is apt to be
sluggish, but to the far-seeing the draw
ing of better times is apparent. While
it would be foolhardy to muintnin thnt
purchases nt present quotations should
show immediate profit, It is our opinion
that for the long pull, stocks picked up
at present quotations will show good
profit.
Chandler Bros. & Co.: The market
nmkes very little progress In cither dl
icction. Public interest is very slight.
Kvery now nnd then some exhausted or
embarrassed holders, tired out with
their long, futile struggle of holding
securities 1 against the vagaries nnd
policy-lacking of the present adminis
tration, throw over their belongings nnd
prices suffer, as bearish traders assist
them in obtaining as low prices as pos
sible or, on the other hand, men with
comfortnblc bank balances beholding
stocks selling around $10 per share thnt.
out a lew months ago, were iu the 70s.
cannot resist the temptation and buy
"',UBl' '? Rlye Slightly improved tone
1I11U Start. SUniClCni WOriT ainOIltr tie
short interests to add to the nnnenrnnpn
ul,.. i.il i. ..i.i ,. i V. .7
of strength. Having established this con
dition, it only requires the nearer ap
proach of bolshevistic guns to Wiir
snw'b defenses to give the market an
other palpitating and sickening period.
In the meantime, stocks are surely con
centrating more nnd moro in the hands
of the strong interests which insures n
Iflgher market later.
Hughes & Dler The belief is grow
ing that the stock market hns discounted
all unfavorable factors nnd the read
justment which is going on in the busi
ness world. Therefore, tiiiuucinl opin
io,, is more continent man it was a
month ago. Hauliers of Importance
.i - . i . - . . . ,,
throughout the country lire optimistic
ill their outlook of the credit situation
and anticipate further improvement
nftcr tho hnVvctitig needs are met. Tho
Kuronean news is nlso more nssurinir
nnd there is less inclination to look upon
the Russian-Polish crisis as forecasting
another world conflict.
Steel industry reports indicate a long
period of prosperity for that trade and,
as the steel business is looked upon as
tho barometer of industrial affairs, we
believe the nation is rapidly strength
ening its position, a condition which
should find reflection in an improved
stock market. During the last week it
was evident that liquidation had conic
to a DtumMill and, while trading was
on n small scale, the cut ire list assumed
a better tone.
-iiiiiiiiimiiiiiiiMiiiiiiiiiiiiiiiiiiiiiiiiii:
I,,,M t,,,,llllll,llllllllllllll,,,.l,IIIL
- . ft, t 4 a 4 A a.--
?JJJ,V5
'E
S
E
Color
1 on Roofs.
E Said Mrs. A. to Mrs. C:
E "What color is your house to E
z; . , '
E
E Said Mrs, C. to Mrs, A.: El
E ''A nerfect svmnhonv In irrnv "
,,ti ;. "i m a' E
"How sweet! smtl Mrs. A., E
E "and then E
What kind of roof?" "Why, E ,
u ti ,
E n" tnc men E '
Dcclnro there's only one that's s
At
To think about and TIN is it." E
"Oh, how bizarre!" said Mrs. E
E A.
"A red roof on a house of
Biy
i"
'Why, not at all!" her neigh
bor said,
'No law requires thut tin be E:
E RED. E
E Wo chose tho color scheme E
E today; E
House, roof nnd nil will bo in
E gray." E
E Any roofer can give you S
v ' XV-IWHA-TIN E
E nnd jmlnf it any color. E
EHttttlVts
siiiiiiiiiiiiimiiiiiiiiiiiiiiiiiiiiiiiiiiiimr;
SHIPPIN OF WORLD
BELOW ITS N0R1VIAL
Throo and Ono-half Million
Cross Tons Loss Than If Con
flict Had Not Occurred '
'ion Dy tncir iamuy ihij-hichiu, uy ui,
LLOYD'S REGISTERS FACTS c- Lincoln Fiirbush. director of tho De
uuu 1 u o ncuioicno rm i o,.rt.f ., n,,!,,!. t,..i,i. , t,, ,i,i
Despite 'the great growth of tho
Amcrlcnn merchant marine and tho In
tensive production of ships In the United
States and he United Kingdom, tho
world's steel steam tonnago today Is
.'l.fiOO.OOO gross tons less than It would
have been if the war hod not Interfered
with the normal rato of expansion,
says a statement lust Issued by Lloyd's
Register of Shipping and based on data
contained In the 1020-21 edition of
Lloyd's Register Book. '
Although Britain Is now building
nearly 1,1500,000 gross tons of ships moro
than this country, it is stated, British
holdings of steamships ore stlil 781.000
tons below the totnl at the outbreak of
the war.
Tho world total for all types of ves
sels over 100 gross tons, however, Is
now 57,814.000 gross tons, nn increase
of 8,225,000 tons over the pro-war
figure. Of this amount tho United
States holds 10,040.000 tous and tho
United Kingdom 18,330,000 tons. The
British lead, which before the war was
nearly 14,000,000 tons, having been re
duced to about 2,800,000 tons.
In steel steamships, however, the
British lead Is n lnrgcr one, the mar
gin in this case being 4.080,000 tons.
American holdings of wooden steamships
nre much greater than the British, nnd
tliis country also lends in sailing ton
nage by 11 wide margin.
Distribution of Tonnago
Th'c. distribution of the tonnage of tho
two countries by types is as follows, in
gross tons:
United
Statos
13, nn, 000
227.000
1,234,009
United
Klnsdom
17,708,000
277.000
35,000
Steel steamers . . .
Iron steamer ...
Woodon steamers
Totnl steamer ..
Hailing ship ....
Total all tyre ..
14,(174.000 18.110,000
1.475,000 220, 00t)
in, 010, 000 IS, 330, 000
Holdings of nil types of vessels by
the two countries nnd the other marl
time nations .Tune 30. 1014, 11)10 nnd
1020 are given ns follows (figures In
gross tons) :
ion 10m 1D20
United states 0,309,000 13,002.000 18,040.000
United King
dom 10,257,000 10.555,000 18,330,000
Other Coun-
tries 24.4fl4.OO0 21,272,000 22,035,000
World total. 1B.ORO.000 .10,0111,000 57.314.000
These figures indicate that while the
United Htates has trebled its pre-war
holdings, (ircat Britain and all the
other maritime nations combined arc
Ntill about two and n half million tons i
below their 101-1 total. During the past
,our me American mcrcnuiii nuuinc
grew by nearly three million tons, while
the United Kingdom's gain was only
about half thnt. with the other nations
Mtlt.fittnln,. nil, lilt ttin untm, tmwilltit
.,..,... .,.., ..W.'...- .... ...... U...W..U.
The reduction iu the world's sailing
tonnage since 1014 has been (Ml, 000
tons, n much smnller decrciihc than in
the previous six -year periods. This
would seem to show that the general
shortage, of tonnage has to some extent
given new life to the construction of
sailing vessels.
The United Stnte.s is the only coun
try which has increased its
sod Its volume of ;
the beginning of
rns -1.1 per cent of
sailing tonnage since
i the war. and now ow
'tlic World's totnl. The proportion of
-,. ;im v.w.i u n lm u-nr , 'm Inm n
k " '.' '.. '". """". ."...
..,,... .......... It i...t ni.ti tici nni.iM.ir.J .. til.
8 per cent in 1011 und -'' per cent In i
10(12.
Increase in United States Tonnage
According to the iiew llegistcr Book
there lire now iiOSU sailing vessels of i
'.I.-IOO.OOO tons nnd 12S.S13 steamers of
1IU1N lillllt I V " I V1H " t .lllMint4 1 llll
".'l,i)0i",000 tons, innking u world totnl
nf ' "11 !).. vessels nf .r,7 HI 4 11(1(1 tons 'signed ns Trustee under the First Mort
o, ,11, ,i.i,i mssui.s oi ,il,.,li,uuu l"n. , " dated September 1, 11)09, securing the
Apart from Germany nnd Austria, the i,Uh of bonds nboe described, win r
I'nited Kingdom and Greece nre the "lvf "s.e.X'r""! lT-o for,Vh.M- Vf
.i i i i i iiPMitiV i'Ptritiirr u.i'i nor in Bala to
only nations which nhow nuy coimulorn- Jt tor account f th Hinkins- Fund, of an
I.I.. n.lin.llntt tl. 1.a Lt.ifltti tminniFn irt..t nl onf n.lPt of S'JO.OOH II HI Vftllls nt aaM
owned .us compared with 1014. Den-
lilt l villli ttirit till rutuiii iwiiiiiii-i- uwi)
and
Sweden show minor losses
' m, Nonvily small gain. .Uo.t of the
...i .:.... i ":.. i :., ......
, iiiuri ii'iiuiiiin nt. t,- i4iivsim-i.i iu tiui"
Imlilincs some to n verv conid-
. , "l ' t
"?.?.lL CX,V , , ,. ., .
.. ' ' xeugolug tonnage of the I uited ,
States hns increased by nearly 10,401),- i
000 tous, an advance of over .100 per '
cent on the 1U14 figures. The oilier
rountries in which the lnrgest increases
are recorded ure: Japan, l.ilSS.OOO
tons; France. 1,041,000 tons, nnd Ituly.
038,000 tous. As in the case of the
I'nited Kingdom, the figures for Fcanre
and Italy Include a considerable amount
of ex-enemy tonnage provisionally allo
cated to those countries.
How the mnritime position of Ger
many hns changed is shown conclusively
by the figures. While in 10J4 German
occupied, after the United Kingdom,
first place, with more thun .1,0110,000
tons of merchant steamers, only 410.0(111
tous are now recorded in the HoaMcr
i.... i , .i.i i.i
1U"'. U- ivriiu.iii, n t'l.i lllll 1'isu nuv-
in' 1,rl'" oit1"'1' eaptured, reipilsitioued.
sunk or allocated to the Allies in nc- J
coulauce with the peace treaty.
The relative positions of some other
countries lias also altered to a large e
teut. In 1014 the United Kingdom
owned 41.0 per cent of the world's
steam tonnnge, while the present figure
is .'i.'i.O per cent. Norway, which oc
cupied the fourth place, is now seventh,
while Japan, which was sixth, is now
third.
Kxeludlng vessels trading on the
Great Lakes (uboiit H'00,000 tons),
tlie 1'uiteil Kingdom peicentage of llu
world's seagoing steam tonnage has de-
"eased from lli.O iu 10U to .'l.'i.t in
10'JO; while the proportion of the
rnitcd States, which was 1.7 per cut
"d jeitrs ago, has now reiiclini L!l per
,r"t' .,..
' ," Ueglter Hook shows that nearly
-7.7."0.000 tons of shipping nre actually
classed or about to be classed by
Lloyd's, and that the existing vessels
which were formerly classed total
about li.MO.OOO tons.
That the recognition of the vnliin of
' classiticution is world wide is shown by
E! thfact that of the more than L'.",0U0,'
ZZ 000 tons of vessels actually appearing
E as classed iu the new hook 14.000,(1(10
S tons are of vessels owmd outside of
E Great Itrlt.iiu. Of the total steel mid
r; 'roil meiehiiiit tounace now In e.istenci
about OL' per cent has been built uudei
IOC Bill I.I III I, II, .III P, IVCKISIIT. 1'lirillg
the calendar year Ifllll the new vessels
classed by Lloyd's aggregated 4,'-'s:s,000
tous, of which nearly H.'JOO.OOO were
built in the United States.
2DIEINDAiMCE-HALLR0W
Another Wounded In Battle Between
Posse and Escaping Prisoners
Si Wlnston-Salein. N. C, Aug. L'.'l
Ghlef of Police Matthews, of Walnut
S.l'nvi', . (' . and Walter Martin, of
E Madnon, uie dead and it negro whose
limine has not been ascertained In xcii-
ousl wouiiiletl as tiit? result of u but
tle iu the road near Walnut Cove be
tween a sheriff's posso and threo Madi
son, N. f. escaping prisoners.
Tho shooting was the result of a. row
at a carnival dunce hall at which, ob
servers assert, the negro Insisted on
dancing with white girls,
CARE OF CHILDREN
URGED ON PARENTS
Doctor Furbush Says Minor Ills
Should Bo Corrected Beforo
School Year Begins
Parents of small children who are to
enter school next month nro urged to
have them given a thorough cxamlna-
if 1 ,.-- r - 1 -! 1. Tm
I""""" "" " """- U11M " "VW...,
ulletin.
"Wlitl. il.nta AlntltAH ItAnl.H M n ,1 mIabd.
room necessities are being looked after,"
said tho director, "a far moro Im
portant need requiring tho most caroful
nttcniion or parents is tne pnysicni
health essential to a successful advance
ment in school studies.
"Defective vision must bo corrected
If tho child is to bo expected to keep
up with its studies and to maintain tho
snme standard as tho normal child, flood
hearing is also essential to the child,
ns many cases of backwardness nro
duo primarily to detects of Hearing.
Diseased tonsils and ndcnolds nro re
snonslble for no small number of cases
of illness among children during the
school term.
"The teeth nro of no less Importance.
We cannot hope to Improve tho physical
state of tho school children unless their
food is properly masticated.
"The Board of Education maintains,
under supervision of the Department of
Public Ilcalth, an elaborate system of
school medical inspection. Each child
who attends school must undergo n com
plete physical examination and parents
are notified of defects which need imme
diate attention.
"There Is. however, no means of ex
amining children by the health authori
ties bofore they enter school when de
fects could be conveniently corrected nt
a great ndvantngc to the 'child, since
no time would be lost from school. It
remains for the parents, therefore, to
look nftcr tho physical needs of the
children before they enter school lh or
der that they mny suffer no inconve
nience and delay after their school stud
ies nave begun. "
FINDS VICTIM IS HIS MOTHER
Undertaker Learna Identity Only
After Summoning Priest
New York, Aug. 23. John Kelly, n
West Farms undertaker, stood at' n
Bronx crossing last veiling and wit
nessed nn accident in which an elderly
woman was run down by an automobile.
After looking nt her in the dim light and
J-eelng she was seriously hurt, Kelly
summoned n priest to administer loBt
rites.
"She is dead. Mr. Kelly. Don't you
know her?" nked ftie priest.
Kelly mode n closer insnectlnn.
"My God, It is mother !" he gasped as
he swooned in the nrms of the priest.
The woman had been on the wny to
visit her son when n1k was run down
liy nn automobile driven by IVter A.
dlsen
who vns later arreted on n
technical charge of homicide
:
financial
'rOMHlH
"I
I hEALIU I'KOl'OSALS MILL
llff1 ttV thn aUtlrlnlaTHleifir of n.. . I
.ri" " . ti.riMr--. -ail , UO 10
8.PHMVulWBfHa
o'clock noon Tuesday. August 24tli. luxo. for
!r.-K.,jSn,n?ili,tloS aSy fiW;, .&!
riuiiiuifni -- - . ..vn. trnr. .
Eertulnlng thereto, on the grounds of th.
tate institution for Feeble Minded of East
ern Pennsylvania, near Spring city. cnes.
ter County, Pa., in actordance with plans
end Bpeclficatlona prepared by Philip "!
Johnson. Architect. 1713 8ansom street.
Philadelphia. Pa. Plans, specifications in.i
form of proposul may bo had upon makinie
-PPllcatlonto M
fndd upon the return of the plans and
and ,
specification, ijn good , order.
"t. '.". '," -.-..-.. . rV.:iiii"'""""'neri
' r.nmnnivf.lllh Of PtinnH V! V t n Ifl
I " 'UU1 ": .V.,.?"".U,Y"',?..,."UJ !"" oi
,"""""" rj, IT TFtPf r"Ti.
SAMUEL B. RAMUO. Superintendent.
Secretary.
CRAE IRON WORKS
"Irst Mortgage OV. 30-Year Sinking Fund
lloiitl.
v.,H, Im hereby given that th. ,,n..
wi ,..-.- --- ,- . . " i - - - --
"infer?.! "ftM,,wf 'S.V.M
from funds to be furnished by the inld
'''V,"'"',. .hnuid ric,si m .,..
'''"P.0"" 5a.,,"yl..nE..iI'i",Li! ' ."',Jr.' ":
wiODrH ti u i rt-r -) fun' m iur svi rnunr or
"nine Iron Works. Sinking Tund." nnd sent
U'A" un,,c"ll,5',i VAl"clin me' "
,5TneTnder
SoJf'nnUy"lr mi i. nders "am lo re'
EMPIRE TRUST COMPANY.
By H. F. WHITNEY. Asst. Trust Ofilcer.
Aucust ::.i i".".
ntoro'ui.K rent hats omee of the De
iot Quartermaster. V S. A., rtilladel
niua. i"a.- oenicn proposals, win oe received
here until 1:S0 p m.. September 20. 1H20,
for furnishing 11R.000 eervlco hats. Infor
motion or request
Dhldenila
Phllndflphla. Auk 10 1020
tut- nn.nn OF mnKfTons nv tiik
lluduingion line nnu trust company nas
LI'- -':.- ' '.-'. " U.T. -'iiuii..-l
stock, nnviible M-ptemhiT I, 10S0. to stock-
holders of record August 21. 1U20 Dividend
"hicks will li- mallod.
JAM'ES W.
MaeBI'RNHY
Treasurer.
Latest News
and Reports
For Traders
1 The "Investor and
Trader" will keep you
in touch .fever y week
with the latet t mar
ket news.
2 O u r Information
DepartmentSfl ends
trom 10 to
wire marks
letins toX
rooms dai"
s w e compile a i
issue without charge
orinted reports giving
all statistics, officers,
etc., of companies
whose shares arc
traded in the New
York Curb Market.
No obligation; call,
phone or write.
JONES & BAKER
Specialists in New York
Curb Market Securities
Widcner Bldjr., Philadelphia
Phones Bell, Locust 4730
Keystone, Race 2290
Offices In 9 Principal Cities
birtct Priwit IViru
fSPKTivate
rjnmbui-
II
BflsfJ ?PJ?!?
m
IV i.'
if
CITY MAY BE HEART
OF POWER SYSTEM
Government Making Survey for
Gigantic Project Covorlng
Northeastern States
WOULD SAVE $300,000,000
Philadelphia would be the center of
nn enormous power chain, extending
from Boston to Washington, with con
necting linen reaching 150 miles inland,
according to plans now being tested by
tho United States Geological Survey,
which was given an appropriation of
$125,000 by the last Congress to mnko
the necessary survey.
The plnn of this system, embracing
tbo northeastern states, has for some
time been a subject of serious delibera
tion by leading engineers of tho coun
try. It is estimated thnt It would cf-
AMENDMENTS
rnOPOHED AMENDMENTS TO THE CON
STITUTION OUDMITTED TO THE CITI
ZENS ,OP TUB COMMONWEALTH FOH
THEUl APPItOVAL Oil nEJECTION. IJT
THE OENEIIAIj ASSEMBLY Or THE
COMMONWEALTH OF PENNSYLVANIA,
AND PUBLISHED BY ORDEIl OP THE
SECTtETAlVr OP THE COMMONWEALTH.
IN "PURSUANCE OP ARTICLE XVIII OP
THE CONSTITUTION.
Number One-A
A JOINT RESOLUTION
froposln an amendment to article three
II of the Constitution of. the Common.
wealth of Ptonnsylvmla.
Section 1. Bo It resolved by the Senate
and House of Representatives of the Com
momreallh of Pennsylvania In C-eneral As
sembly met. That the followuia- amendment
to the Constitution of Pennsylvania be. and
the sam la hereby, proposed. In accordance
with the eighteenth article thereof:
That article three be amended by adding
thereto the following:
Section 34. The Legislature shall have
Power to classify counties, cities, boroughs,
school districts and townships, according to
population, and alt laws passed 'relating to
ach class, and all la-vs passed relating to,
nnd regulating procedure and proceedings In
court with reference to. any class, shall be
deemed general legislation within the mean
ing of this Constitution: but counties, cities
and school districts shalt not bo divided Into
more than seven classes, and Doroughs Into
not more than five classes.
A true copy of Joint Resolution No. 1-A.
CYRUS B. WOODS.
Secretary it the Commonwealth.
Number Two-A f
A JOINT RESOLUTION
Proposing nn amendment to article three,
section sir nf the Cnmtltutlon of the Com
monwealth of Pennsylvania, so that the
subject of nn amendment or upplement
1" Inw nnd the nubjec- to which sucn
taw lr ,-M.ndcd or on which It is conferred
shall bo dearly expressed In Its title.
Be It resolved by the Senate and the House
of Representative, of the Commonwealth of
Dannsi I....I. I i-i .-1 A aKSTYlhlV TTiet,
" His in VrilV Ml --
the following amendment to the Con-
tltutlon of Pennsylvania be. and the same
" hereby, proposed. In accordance with the
....
eighteenth artlclo thereof:
That section six of article three bo
smended so as to read as follows:
Section 0. No law shall be revived,
amended, or the provisions thereof extended
or conferred, by reference to Its title only,
a m.nrt.d h.
ed. amended, ex-
So mcch thereof ns Is revlv
tended or conferred shall bo re-enacted and
' nubllshe.1 at length, ami the subject o (he!
, - , . - - . .. ., .,, ,
omnnmem or mpmnntni ono i-m .., i
uilch such lam tJ. extruded or on ichlch it Is
i conferred shall be clearly expressed In Us
title,
A true copy of Joint Resolution No. 2-A.
CYRUS E. WOODS.
Secretary of the Commonwealth.
Numb.T Three-A
A JOINT RESOLUTION
ZZ,ZZ. r. ,1. pn.il,tlen of Penn.
....' -i.
Section. 1.
Be It resolved by the Senate
- ...
1 ,Bl1 "ou" of nPnt.tlvca or . e i om.
monwealth of Pennsylvania in uentr. as-
""nbly mrt- Th
' to the Con.stitut
uanli ii m Thnt h Tnl in U'lniT fl mP H fl IT1F Fl I
Ion of Pennsylvania be. nnd
.. .
'he some Is -erehy. proposed. In accordance,
with the eljlteenth article thereof:
That section one of article eight, which,
rrtH , follow,. .
"Section 1. Every male citizen twenty-nne
years of age. possessing the following quail-
flcatlons, shall be entitled to vote at all
elections, subject, howover, to such laws
requlrkpg and regulating the registration of
electors aa ths General Assembly may
enact:
"First. He shall have been a cltixen of
the United States at least one month.
"Second. He shall have resided In the
state one year (or, having previously been a
qurnned elector o- native-ourn cuiznn oi me
nt.. I,e ah.ll have removed therefrom and
returned, thon six months). Immediately pre -
c,dlm- lh, tl.-etloii
St, 1 1, i' . ,j , , ,fc.
iiiiiu, im nuuii ntr riuru in .i.i
lection dUtruf where bo bhnli offer to ole
at lesst tc menfia Immediately prciedlns
the election.
"Fourth. If twenty-two ve.irs of age and
upwards, he shall hnvo paid within two
yt'urs, u state or county tax. which shall
have been assessed at leant two months and
paid at least one month be fort the elec
tion," be amended ao that the same shall
read as follows:
Section. 1. Every citizen, male or female.
of twenty-one years of ag- possessing the
following qualifications, hll be entitled to
vote at all elections, subject however, to
iirh lw. renulrlncr und reeulntlni; fh. real.,
tratlon of electors ua the U"ii.-ral Ansembly
mnv niirt;
Klrxl He or sie shall hnve been n IU-
zen of the United States at least one month.
decond He or -lir cIihI! have rfFl,i.-, m t!i.
tats one year (or. having previously heen a
(inallfled elector or nntlve-lorn citizen of the
ceiiliv! tht election
fourth. If twenty two eHrn of ugi und
i upwards he or .lie shall hnve paid, within
two years, a state or county tax. which
ihall have, been assessed ut least two
, months and paid nt least one month before
the election, .
Fifth, Wherever the worfls "he." "hli."
"him" and "himself" occur in anv section
of article eight of this Constitution, the
same shall be construed as If wr tten, re.
spertlvely, "he or she." "his or her," "blm
r her" and "himself or herself "
A true copy of Joint Resolution No 3-A.
OYUUS E. WOuDS.
Secretary of the Commonw.alth.
Nuniher l"our-A
A JOIN"" IIKSOLCTIOVJ
l'mposlng u'i iiineiulni. nt n .iii'm one (1
or nmeie miei u i. v i ,i i-ic i -on iitutloi
- nl tne tninnionv. eatin ot r 'iini.Mvuiii v
beitlnn I 11 II resolved by th, Senate
aid Housa of Ileprenenlatlves of tho Com
monwealth of IVniisvlvnnlii in Ueneral As.
setnl-iy met That the following amendment
lo the Constitution of I'ennsvlvanla be. and
the same Is hereby, proposed. In accordance
I with the eighteenth article thereof:
That section one of article fifteen, which
I reads as follows'
I "Section 1. Cities fnay be chartered when
1 ver a majority of the electors at any town
I or borough having a population of nt least
i -- ikniiaunil hall Vnl n at unit . . ""
ever a majorltt of the electors of any town
or borough hav uu a poimlatlon of ut !, ut
ten tliou.and sha'l vote at unv general or
municipal eltctlon In favor of th, mnii
Utles or cltl" of any particular n,,t
may be given the right nnd newer to frame
uml adont tin IT own charter. ...' l',., "' .r.BVl?
thn powers and uuthnrity nf locnl Keif gov
nn u.'j.v.. ..u.icivi, iu sucn reMrie
. limitations and rtgulatlnn. ,.. ....... .'
sed bv the Legislature, r.uw. ui.A ....
enacted affecting the nriranlutlAn nn..
irnm.nt Of CltlHS and linrnn.h. ,.,..,.
il become effective In any eltv n. Vap,,vw
y when submitted to the electors thereof.
1 approved by a majority ot those votlni
treon.
true copy or joint itesolutlnn No. .A.
-tule. lie ,, ,,- ti.ui i i r iiiu.i.l tlie. per ccnium ui,.,n iur iissesieu value of tli.
from and returned then six months). Imme- t, x ,1 i''",,'.',,., ,',,"''",' h" 'h -i lit nf Js
dirttly preceding t li flection i eltv of Phllinelphln ma lie 'nc-rea,,,, 7
nurd He or m' 'mil .i' r .M, , in 1 1 ,. such ninnunt thnt the total rltv .,,, ..,'
election district where he or she shall offer i city rb.u'1 not exceed ten Urn ,wr c;ni5J .
to vnt, .vt Uat l,ni iiuntlia Immedmtely pre. upon tin iisstsaed value of the tn.xahl. ..'
i I il-Uur
leMrttnTVS.
feet n saving of $300,000,000 In M-!L
ufacturlng costs, 4 ".$i-.,,"
Tho Idea so Impressed Congress tfrit , ',
just beforo adjournment It made aa'f ' ',
proprlntlon "for a survey of power-jft '
ductlon nnd distribution In tho UmWT ,
States. Including the sturiv of methods I .
for tho further utilisation of water
power nnd tho special Investigation of
(he possible economy of coal, labor nnu
materials resulting from tho use In the,
Boston-Washington industrial region of
a comprchcnslvo system for the rcgen
eratlon and distribution of electricity
to transportation lines nnd in Indus'
try."
One of the startling facts unearthed
by tho Investigators was that within
five years there will bo need of a great '
increase in power, amounting to moro '
than 100 per cent, and especially neo
esary in tho Boston-Washington Indus
trial district. As Philndclnhln in the
IsrgcBt manufacturing section In this
zone, the proposed system would effect
the greatest saving in this city. It Is
also asserted that one of the results
of the Installation of such a system
would bo the earlier electrification of all
the railroads In this section of tho
country.
AMENDMENTS
Number Flve-A
A JOINT RESOLUTION
Proposing an amendment to article nine,
section seven of the Constitution of Penn
sylvania, i
Section 1. Be It resolved by the Senate
nnd House of Representatives of the r.am.
monwealth of Pennsylvania in General As
sembly met. That the following amendment
to the Constitution of Pennsylvania be, and
ins same is n-reuy, ytuuuseu, in RCC
with the eighteenth article thereof:
That artlclo nine, section seven be am-n.
ts read as follows: ,
Section 7. The General Assembly' shall not
authorize any county, city, borough, town
ship or lncorponitod district to become a
stockholder In any company, association or
corporation, or to obtain or appropriate
money for, o? to loan Its credit to, any cor
poration, association. Institution or Indi
vidual. This section shall not apply to any con
tract entered into by the city of Philadelphia
Sader legislative nuthorlty with respect to
the use or operation of transit facilities
Whether furnished by the city or by prlVata
corporation or partly or Jointly by either J
both. Nor shall this section be construed
to prohibit the city of Philadelphia from
acquiring by contract or condemnation th
franchises and property of any cernnanJ
iwnlne or operating transit facilities, or in
part thereof, within Its corporate limit, or
the shares of stock of the corporation own
ing or operating the same, or any nart
thereof. . . . .
A true copyof Joint Resolution No Ba
CYRUS E. WOOba
Sectfkry of th Commonwealth,-
Number Slx-A .
A JOINT RESOLUTION
Propo'lng an amendment to the Constitution
of tho Commonwealth of Pennsylvania o
as to consolidate the courts of common
pleas cf Philadelphia county.
Section 1. Be it resolved by the Senate
and House of Representatives of the Com
monwealth of Pennsylvan a In General aS
sembly met. That tho following amendment
to the Constitution of Pennsylvania be and
the same Is hereby, proposed. In accordance
with the eighteenth article thereof: u,u'uc"
That section six of article Ave be amendad
so as to read aa follows: c""'"
Section 8. In the county of Philadelphia
all the Jurisdiction and powers now vested
In the several numbered courts of common
pleas of that county shall be vested In one
rourt of common pleja composed of all t
Judges In commission In said courts. Snh
Jurisdiction and powers shall extend to all
proceedings at law and In equity which .hi!.
have been Instituted In the several numbered
courts. and shall be subject to such change
, l oKrX?Wo?l K&
prPB)d,nt jurtse of the said couut shall ba
, eetl ProvWbjr Uw. Th
, ?l'., from time to time. Thi. --JTJD:
,haii take effect on thy first day of January
' aucc.e.Ung Is adoption
in uro .w-.... w. ..'..lira, ,, me juris
diction and powers now vested In the several
numbered courts of common pleas shall be
vesica in one conn ui common nieas composed
if all the Judges in , commission in slid
courts,
Such Jurisdiction and now.- 'A...
-.-.... nil nrnArflnn. . ' " 0'
equity which shall have been Instituted In '
the several numbered courts, and shall ha
subject.to such change ns may he madi by
law. alid subject to change of venue u
provided by law. Tne president Judge of tha
said coun snnu oe selected ns provided by
law. The number of Judges In said court
I m( be bv law Increased from time to time,
rfts am,ndn,.n, h, , tako effect on the"i?
day of January succeeding Us ndoptlon,
the first
A true copy of Joint Resolution Nn.nX
w4.jw.ji.. iruuua.
Secretary of tho Ccmmomvenlth.
TROPOSED AMENDMENTS TO THE 'SoH-
STITUTION SUI1MITTRD TO THE ClTt.
ZENS OP THE CO.MMO.VWEALTH FOR
THEIR APPROVAL OR REJECTION. AT
THE ELECTION TO BE HELD ON TUES
DAY. NOVEMBER 2. 1H20. BY THE OEN
ERL ASSEMBLY OF THE COMMON
WEALTH OF PENNSYLVANIA. AND PUB.
' LISHED BY OIIDFR OF THE SECRETARY
OF THE COMMONWEALTH, IN PURSU-
A.-JCE OF ARTICLE XVIII OF THE CON
STITUTION Number One
A JOINT RESOLUTION
-'rnpa.in nn.r.iU..ro... lo ,rci,on eleven
n' neri Wtf-r
' ar.lcle mieer
1 ennsyl-arla.
v, n resoiwd by
Represortatlve. of
or nnicie sixteen oi mi -onstiiutlon of
the Senate nnd House of
the Commonwealth of
Pennsylvania In
General Assembly met..
I ,',',.-" D' " h' Commonwea H ',r -ffi.S.-
rvl. Aa V... fAilflit Infr n nn a. ... a il h
a.nnln K n nil tha mf TtllK Iu h.Mhu ..a.... f m
vanla be, ana tne same is nereby, proposed,
In ifi'o dunie with tnt. clghteOnth article
thereof
Amend section el-ven. article .!. .,.
.he Cnn.tltuiion of the Commonwealth of
Pennsylvania, which reads as fallows:
"No corporate body to possess banking
nnd discounting privileges shall be created or
organlxed In pursuance of any law without
three months' previous public notice, at the
Place of the Intended location, of the Inten
tion, to apply for such privileges. n euob.
manner n vt be prnscthed by law, nor
? VnKV d-rlod thVn'tvvtV v"?.?".?1.?
1 that It hall read as follows:
rhB J'"'"1 Aasemli'y shall have tha
Power h general law to provide for the In.
cui viuruin'u oi uiiiii"i huh trust COiTlp&nl0.t
' nnd to riVcrllie th Tiowem thereof m
- IUV VJ vt VUII'V IK- ' UtllHI nil. 1
PYRU.H V: WOODS
sVcr, turv of the Commonwealth.
Numbr Two
A JOINT RESOLUTION
Proposing an amendment to article nine,
section eight of thu Constitution of Penn.
ylvant.
Section 1 Be It rcolvjd by tho Sen.t. ...a
House of Representatives In General Ass.m.
bly met That the following amendment
i the Constitution of Pennsylvania be. and th.
the rlirhto
i elKhtoenth article T thereof ""'"" Wth
That anlcle nine section
! nm,tid,il to read as follows
eight, ba
Section S The debt nf any county rltv
' biroush. townsnlp school distrKt or oth.r
municipality or Incorporated dlitrlrt except
ns provided herein nnd In oction ,,...
of this article slcill never exceed seven (Tl
unm ;" ..- - -.., - . .iiAHoie Dron.
erty therein nor shnll any ueh munldnsiirj
or district Incur any new debt or InerV...
Its indenininess 'o an amount eseeedlna- i.
12) per centum upon such a messed valuatVaS
of property, vlthout the consent nf the .S2
tors thereof at a nubllo election In Jurt
manner as shall be provided by law iS
aecertalnlnr lh hnrruwlng rapuclty of ,h.
city of Philadelphia at any time, th.
.hall be deducted from such debt so much
of the debt of said city as shnll hav, bjJS
Incurred, or Is about to he Incurred, and th.
proceeds thereof expended or about to hi .
pended upon uny public Improvement or in
,he ronstruet'on purchnsn or i ondemn7i(i
of anv iniHI. ntllltv or i.ait therej,"1'"
facility tli're'V' I' uh nublK Improvement
or puldi' ullllt or i.ari th, rrof whith-r
v. ii- nmn , i . .i h "" "r
i public improvement OMiuhj ut 'Itv or part
D'lll.reif miv reusona'il'- be xi. ,., , ,j C;.J
n revenue in .xce-js of n.- itlng exp, nes ;,!rri!
dent to iii mo ,ii, i.-.i .mo. . nklni.f,,j
charges thereon. The method of dMer,ufn "2
uch amount so to l. de.lii, te.l may bi p'rlj
scribed bv ihe General Assembly pr
In Incurring Indebttdnesa for any nurr..
the city of I'slladelphla may l.tS, ItS'KW
gatlonn mnl'iflne ,'",t.v,la,cr, thn fifty (SO)
years from the date thereof with provii?-0'
for a sinking fund sufficient to retire Iii3
Obligation, at maturity the payment to ,"Ch
unking fund to be In equal or graded -SS"!
or "tier periodical Inttallments "wh.rJJn."ni
Uidebtedne.s shall be or shall hav.1 been M
cur" 1 by, said city of rhlladMnhia f thl
purposo of th construction or Improvement J
,, : nubile worka or utilities of nny charael
ter from which Income or revenue-la to ba
rl.rlved by said rltv or for the reclamation
of land to lo. used in the construction o?
wharves or docks owned or to bo owned by
Id rll .urn unu. mii. in. may p. in m
nuiint sufficient to provide for and may In.
ule tho amount of the Interest nnJ iinC
. ...r, I , ItHruci iiecrtilnif nnd ivhlil. - ....
c ild
Him
lliK-f
tln-reon thrauahuut thu Period of'
crue
iuuhiiiiuv imu i;riiiui nr
yr uttrr tha completion of th work" for
,,
curreu. ana suiu civr .iihii noi oa reaulreei
t levy, a tax to pay said Interest and
sinking-fund charges i i required by ctlon
""j i r'z "..is"; Vii .1.-1 ,;.,r; ?'". "
.tftlon
lylvanla. until th eiplraiion of said Mrloei
of on year after th completion f .ii
Irn arvicie nine ui vu. iunsviiuiion of J'arta.
A. true copy of Joint Ttesnlotlon Net a.
nvTllln w U7nrvt'
f
,i
i
fl
I
V
V
J-I
21
i
n
i)
U
tJSJVUO) i. VVUUillf.
Secretary of th Commonwealth.
Secretary of th CommomTenltli, ' xf
h
1
ILj.JM. 1 1 . - 'W .- '1,-W,. ,..
.i-"ri.i fHt,'
I'-'A Jfj.tlot
W.rT.rtoifii
-',!'
-'A 'ii