I.'.
: n
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fr
L. ' I
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ijl,
r:f.
v
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IV
inj
er
.his
ODl
S5
sea-dab-
nl
i te
Ce.
Mle.,
.ieh.
aierj
it
iTd:
y
V
$, 500,000
Shaffer Oil and Refining Company A
Firat Mortgage Convertible 6 Sinking Fund Geld Bends
Dated June 1. 19 J 9
Due June 1, 1929
Coupon Ben J of 3100, 600 and 91,000 (rtsUterabte at te principal) I fully refl.ttred Bends el
?t,000, 90.000 and 910,000. Callable by the Company at 103 and intereit for the drat five year,
I02',(i nnd Interest for the following 2 yeara, and thereafter at 102 and Interest. Interest pay.
Able without deduction of normal federal Income Tax up te 20.
AUTHORIZED
918,000,000
RETIRED
13,572,400
OUTSTANDING
$11,427,600
PENNSYLVANIA FOUR-MlLLS TAX REFUNDED
Guaranteed as te Principal, Interest and Sinking Fund Payments, and an te
nil of the Covenants of the Mortgage by Endorsement en Each Bend by
Standard Gas and Electric Company
CONTINENTAL AND COMMERCIAL TNUST AND SAVINGS DANK AND
WILLIAM I KOPI-. UIICACO, TRUSTTUS
The Indenture Provides for Increasing Semi-Annual Sinking Fund
Payments Calculated te Retire Practically the
Entire Issue Prier te Maturity
Ha following information is submitted by Mr. J. J. O'Dricn, Vice-President of Standard
Gas & Electric Ce.
COMPANY: The properties comprise 107,932 acres of fee and leasehold
oil lands, with 465 producing oil nnd 19 gas wells en 8,285 proven acrci.
with a present daily production of approximately 4,000 barrels of eil:
a modern refinery with a daily capacity of 6,000 barrels, 633 tank cars.
everOO miles of pipe lines and 1 73 retail distributing stations.
LIEN: These bends arc secured by a closed first lien en the entire property
of the company.
ASSETS: The Consolidated Balance Sheet of the company en October 31.
1921, showed total assets of $29,509,609.58. of which $4,232,066.12
were cash, notes receivable and ether quick assets.
Current liabilities were $ 1,829,322.92 and total liabilities includ
ing bends of this issue only, $14,946,688.39. The present financing
involves no substantial change in this showing.
EARNINGS: Annual Net Operating Earnings, before Federal Taxes, for the
five years ended December 31, 1920, averaged ever $2,950,000, or
mere than four and one-quarter times interest charges en bends new
outstanding.
Earnings reported after Federal Taxes, for the year 1921,
(December estimated) were mere than three times interest charges en
bends new outstanding.
GOSSIP OF
THE STREET
lsnewn program for relieving Gcritianj
nnd lifting lmjnsirini uiw iiuuncn yu
rope out of despondency. Mcuntime
the French financial authorities baye
, h ijirennrca sinuniivn uimmi i" -JJ
Prniirh ntwl flnrmnn taxes, according te
. I wlilnli (nlilmi llin Vrelicll tilX t)Pr PCfbOll
One of the chief topics of dtwuienlen h rhllute(j at .tf2t nguinat 13.88 for
In the .Street lat-t week hns been the cicrmnnj . , ,
possibility of roubelliIauolHU Thin up- , fables from the fore ten financial cen
pllen te steel companies, copper corpe- lew Jffi$ t
auuiis nun .iii(,ui ii.vfj"... .--. -- i up gn lerilllli'B " uiiiiui
PRICE 88 AND INTEREST YIELDING 8.15
JANNEY & CO.
Formerly
MONTGOMERY & CO., Inc.
133 SOUTH FOURTH STREET
PHILADELPHIA
H.M.BYLLESBY&C0.,Inc.
Ill BROADWAY
hunt, it iiiiit .it f.nfiiit inn nre under way
for ninulcainatletis of properties cnKiigeil
In all three of the industries mentioned.
As a matter of fact, it in net improb
able Hint fome of the grouping of cor
porations will be for the purpew of
preventing embarrassment which might
otherwise obtain In these trades as u
result of financial difficulties that nre
being encountered. ,,
It nlse Tieuld net be burprislng if
eter a period of the next few v colts
(here should be a lepctitlen of some of
I be recent developments nlating te re
elershlp proceedings of industrial cor cer cor
perxtlunn. It nlNi Is possible that there
mav be further banking difficulties, be
cause there are said te be some insti-
t.iilnti. llml inn., mllllm nHMBtflnCO Itt
, connection with the readjustment of
tlie gencrat situation.
J'cmlbre Government nimiicbig
Net much hnii been beard recently
1 relative te the proposed new finimclng
by the United States Government, but
' it Is confidently expected In the trade
(hat Mich uctlen will be taken at u
I mif rfutnnf tliitc Natural!), it Mill
I depend semen but en the condition of
'the bend trade. If improvement takes
nlnii. (HwvUr. the State offering of
I-uch an insuc probably will net long
be delayed. Seme bankers profess te
believe that it will net be cloue tins
month, but will probably take place
Wnre the end of the first ciuarter of
11122. The amount Involved in this
transaction, according te bend-market
gossip, is between :?2.000.000,000 and
1 83.000.000.000. the nurnctf of (he
undertaking being te provide funds with
' which te pay of) the Victory Il'Ji and
1 41! per cent notes which mature nbuut
u ear hence.
i Admittedly, whatever new financing
. N airanerd br the United States (iev-
ernment must necessarily be dene en a
I biihtH competitive with present out
standing securities of similar chnrscter.
1 The public no longer maintains the
I Fame degree of patriotism ns was ills
nlaycd durine the wnr when it oemes
te dollars nnd cents nnd the enipley-
I ment of surplus funde.
NEW YORK
r
This information nnd these statistics are net guaranteed, but have been obtained from
sources uie believe te be accurate.
have remitted te foreign countries
(Switzerland, for instance) te cvaue
reparations payments,' which nre new-
offered without refccrve in certain
K-hemcs for financial Uurep
Brokers Opinions
Newhurger, Hendersen 1-ecb -"It
is futllf te seek for n keynote for
tTie year In the first week's market.
Suifaee results were UnmlMnknbl) ills ills
apiieliitlng, but these merely represent
a leUslen of (he technical pusttlen.
which evidently bus been long overdue
nftnr the protracted rise of the pre
ceding three mouths. Similar experi
ence has been encountered In everj inn inn
jer movement, and rather than weak
ening these adjustments will In (he
long run contribute te strengthen the i
position of the market and psv' the I
way for Mill higher level of values, i
Fei the moment, constructive develop- ,
nicuts nre brushed nslde by meiiientnr
inlluene- of Isolated adverse lncldntite
unieng which the Chicago banking (pi- I
node wan the chief disturbance. liHt
lias been disclosed In this unhnppv In- I
cldent naturally shows the licccssltv e( '
proceeding with caution, nud the
affair Tind in its influence net se much i
of vvbat was directly Involved, but
because of the natural Inference that j
ull is net vet clear. This, however, ,
witli the conviction that a number ef1
commercial insolvencies Is Inevitable i
should net be viewed with nny alnrm
They are un lcrwnt te which the fiuun-
j'lul community has already resigned t-
m-jii un Mic (inn uunij alie iu" uinur
were discounted mun months age.
1'hey enn readllv be accepted ,ns spooks
en the financial horizon lather tluin
actual disturbing market factory In
brief, it m un(tiestlenab1y the (long (leng
distance view rather than "tin liearbj
observation that will suuply the niore i
reliable porupectlve eClie linanciai
events of the calendar ear." ,
Tim TRA Drill '
The Cepikt Situation
T,ittle is new heard with regard te
the resumption of operations at the
leading copper properties. Prepara
tions are te be made ut Huttc, ns was
JERSEY STATE MAY ENTER
GLOUCESTER BUDGET ROW
Over-Expenditure of $200,000 Is
Likely te Bring Trenten Inquiry
Clajtcn, N. .T , Jan. J). The State
mil) be drawn into the $200,000 ever- ,
PXncndittlri' (Jinule in the Olenppsler !
announced mere than a wccK age., "M County Heard of Freeholders if tav:-'
Ln tlebsSroTuadem0ready fe act all P-Jth press their wd, for a com- I
re lortlen M ? mdp tecause irn1 P'" rl(,nf'"? t " Mtuutlen, us'
production fn'Pr' Dc,chn"n," WV' auditors nre required te file their re
take that long te Bet the mines in , h fc ' cre(
Mmpe and gather an organlIen. u) (irrers ,
Nene of the large PW"" " ""' Jliae. as is new charged by the Tree
dlMrletn have ns yet "ken steps toward llel,,pr,. ,, Commlttee. which sajs '
resumption. Indicating tlr at t here is 1 thl( fi, ,,,,,, ll..,.rn,llatPlI without the
no means n. general belief that tlijs lit e, kll0(.lI(.,. llf ,,. ,lliar(1 it hnil, Mat
Iibs arrived for such notion. IE ttie )h(, S(at(i uiu (, n() n pxplll,mtien ,
t-aies in the first few- months of this ffl (u, b(f, ,,, ,, ,,,.,,
year werB about equal p tnc nvcruM' lir.,uj ,.,.,,rPWnt Uc Coniinenwoiiltli in
made ter Vicienei- aim imvihit-i. ii . , ,ni, ,
eperntUms ceulil be loeneu ler ey nu
tlie leading properties, but business has
again slumped qulte badly, nnd some
of the leading authorities nre net
anileus te prepare for operations while
this condition exists.
mnkiiii: of the.e uiiditp.
Trank 1.. Wntu. n imblic ni.oiint ni.eiint
nnt. of I'ltman. who inidlted the books
of (he County TreaMiier for 10111, .ayH
that lie did net find ttnv "errors in
bookkeeping," which members of the
Iteard of Prechelderit new mj ae re
sponsible for the accumulated d' licit,
pnrt of which they deelnre was piled up
in that vent.
"f was ciirpried nt the nnunint of
inenej ipent for reinK in the muntv,
slid Mr Water", " nml I ceMineiilei)
I upon It nr runt time i iniuiiknl te
German IteparaUen Payments
A(inleln of the financial com-
I munlty at large In this, as in ether
countries, converges upon me uursi
phaf.es of the Interminable German
reparation outlook. The January in
stalment, due January 1,", is only u
i Utile mere than a week uway, but Oi
I lanv uppeara te ttlil be mnrktiig time feiintv ;;
I until the outcome is learned of the de- i lr i"ni"
! liberations between the representatives '
WOULD-BE RESCUER AND
TWO GIRLS ARE DROWNED
Oil" Of Ii
ought te
iitlit'inl- "nil I tlijii;;lil we
bine In It r mini if Un
. pendin,; nil et t lint m in
from Great Britain, France, Italy und
Tlelgiura at Cannes. U'liere is cspecia cspecia
tien that Lloyd fScorge will bring out
his long hinted at but still indefinitely
Canadian Securities
Payable in Geld in New Yerk
1150,000
75,000
10,000
10,000
20,000
24,000
20,000
90,000
12,000
5,000
20,000
5,000
50,000
75,000
100,000
14J000
50,000
33,000
57,000
8,000
15,000
5,000
15,000
i'4,000
Rate Tc Maturity Price Yield
Province of Ontario . . , 5'v Mar. 1,1925 98.50 6.00
Province of Ontario '. . . 4 Mar. 1,1926 92.75 6.00
Province of Ontario 5 Dec. 1, 1926 95.75 6.00
Province of British Columbia 5 April 1,1928 94.75 6.00
Province of Ontario . . 6 May 15,1928 100.55 5.90
Province of Ontario . . " 6 Aug. 15, 1928 100.55 5.90
City of Terente '. .5'.. Sept. 1,1929 97.50 5.90
City of Montreal (Maisonneuve . .' . .5'.. May 1,1930 96.75 6.00
Province-of Neva Scotia ...... 6 Nev. 15,1930 100.70 5.90
Province of Saskatchewan , 7 .... 5 Sept. 1, 1932 92.80 5.90
City of Montreal . . . ". 5 May 1, 1936 92.75 5.75
Province of Neva Scotia 6 Nev. 15, 1936 103.50 5.65
Government of Newfoundland . . . . 6l. June 30,1936 105.80 5.90
Dominion of Canada 5 Mar. 1,1937 95.85 5.40
Government of Newfoundland . . . . 51 . July 1, 1939 97.25 5.75
Province of British Columbia .... 6 Oct. 26, 1941 103.50 5.70
Canadian Northern Western Ry. Ce. . . 4.. Oct. 22,1943 83.00 5.90
(Guaranteed by.Prevince of Albertai
Edmonton, Dunvegan & Brit. Columbia Ry. 41 .. Oct. 22, 1944 82.50 5.90
''Guaranteed by Province of Alberta
Province of Manitoba 6 Oct. 1,1946 105.35 5.60
Province of Saskatchewan . . . . 51 .. Nev. 15, 1946 98.66 5.60
Lethbridge Northern Irrigation District . .6 May 1,1951 102.80 5.80
'Guaranteed by Province of Alberts;
City of Montreal 5 May 1,1956 90.20 5.65
Grand Trunk Pacific Ry 4 Jan. 1,1962 77.005.40
CGuaranteed.by Dominion of Canada!
Canadian Northern Ry. Ce. ...".. 4 June 30, 1930 85.75 6.20
(Guaranteed by Province of Manitoba
We offer the above Bends subject te prier sale and change m pnce
Dillen, Read & Ce.
Skaters Crash Through Ice, Then
Drag Down Bey
Southampton, N. Y.t dun II Twe
'young cirls craslnd through the thin
lee pf Lake Aguwan while ikntln0' jes
terdny and then i lung m tight! ubeut ,
the week of u veuth who trbd'tu -live
thrill that nil tkiee were di owned
The bodies were ictevcred win aft
erward and rushed te ihe Hnutlmmptun
ile.spital, where an unstm i- .ful ,ir
tenipt was made te Indun nullum!
respiration. The victims wire Marie
,Builibeid. elcen; Stelhi Large, foui feui
teen, and Charles .leukiii nmt',''u
BOY SLAINMNJ3ANG CLASH j
Rivalry of "Owney Maddens" and
"Hudsen Dusters" Blamed in Killing
New Yerk, Jan. 0 A war between
1 t-iv ill gangs in New fork's umli nmiM '
re. ulted in the murdir it.rd,ij of
James I.awhir, Mventeeii enrs oil in
two men who escaped
I '1 he jielice said I.nulei was u j. i ibe"
of the "Owncy Madden tiling wbidi
eperutes lu the 'Hell's Kitcle m dis
tnct. U li believed In tin v tliit
l.c .Housed the uiiinie!t. nf im "lluij "lluij
,en iJurtcrH." n notorious mu b i
cretcLliii; upon thtli tfrriie-v below
'es Forty -second street.
1'elice were attracted b t'e e md
et fcheta en a lower AVeM de trtu
They taw two men runnluc aav freu
ILawler, who was stepKcrluc "PI men
'dove into alleiwavti and divippeand
Lavvler collapsed nnd dixl Mm aftr
ward. Three bullets wire teutnl mi hie
bed .
, PORT REPUBLIC CUT OFF
New State Highway Will Sidetrack
Town te Save Twe Miles
Atlantic City, J.in It - Uem.1. mi- e'
Pert Kcpubllc. u oemmuiilt elylneen
ndles from here dating Iuk !, t tie
ltevoliitiennry dujs, ate up ' n uw
nver plans of tlie Ktite llujuw.n i in
iinlssien te cut It off the iiiiiiu i w t
read te cut (1'iwn the dist.im bctwein
New Yerk and tluuric fitv In two
uillea.
' It In estimated the new rmin w til i.ie
.about $S0.00O. but meiubei- nf tlie Ilik'h
way Comniisi-ieu afe rketicul about tti i
suving, bpcuuse of the uiu irtumt m
tllllngb necessaiv nletn; the Mulli i
Ulver. Charges are made anminl l'..ri
Kcpubllc tlmt politics is brliinl iMc
ehnnge In route and that tru'ids ni u'i.
tKiiuib own land te be benclred
President Judge Harman III
, HIoemsburK. l'a.. -Tan. !. - Wu',
IVcstdcnt .ludce Harman in a Phila
delphia, hospital, prebeut iiidietitimis
hm that Associate .Tudgie Welllvi-i hiiI
Slean will preside ted.i at the
'itunual cslen of the Licciimi
i Court without calling in a law Judge
i from another district, and MmuM a".1
legal queatlena arJi-e upon which thev
lnav feel they need advice, thej will
withheld action until the return of
.ledge Ilnrman That 1B taken te mean
the position of the Court en granting
licenses will remain unchanged
Seek Pleasantville Man Here
Atlantic Cl(. .Ian. 0. Wcv-lev
I Uabkett. uf l'leapuutvllle, N J. dls-
i appeared en Tuewlay liiht. Ills mother
' Mr. Jelin U. Hackett. miu be jett
home for Atlantic Clt.v in uucht of rm
pleymcnt. Saturday nhe appealed te
i the police here te find hlra and jester
dnv vvent te Phlladelpbia te enlist the
Cjd of the police of that t4ly,
Municipal Bends
Exempt Frem All Federal Income Tax
lYlATUfdTiES
YIELD
1926 te 194C
Optional 1041
1926 te 1930
1920-1931
& 19 JO
1523 te 1929
J 931 te 1939
1940 te 1943
5440,000 City of Allentown, Pa., Scheel 5s
Ua,te(l October 1, 1921. Denomination. 51,000.
Coupon form. Assessed Valuation, $67,217,750
Net Debt, $1,821,910. Population, 73J502.
201,000 County of But'er, Pa., Read Imp. 5s
Dated December 1. 1921 Denomination. $1,000
Coupon form. Assessed Valuation. $36,252,891
Net Debt, $1,073,185. Population, 77,270.
55,000 City of Carbendale, Lacka. Ce., Pa., Imp. 5Js
Dated July 1, 1921. Denomination, $1000. '
Coupon form. Assessed Valuation, $10,757,455. -
Net Debt, $143.2)2.4.;. Population. 19,000. . 1926 te 1940
162,000 Blakcly Twp., Peer District, Lacka. Ce., Pa., 54s
Ddlctl Argust I, 1921 Denomination, $1,000.
Coupon form. Assessed Valuation, $31,280,270
Net Debt, $328,000 Population, 60,000.
41,000 Middlesex County, N. J., Bridge 52s
Dated December 1. 1921. Denomination, $1,000
Coupon form. Assessed Valuation, $129,1 1U.9K,
Net Debt. $3,355,000. Population, 162,334
97,000 Town of Harrison, Hudsen Ce., N. J,, Scheel 434s
Dated September 1, 1919. Denomination, $1,000 1922 te 1928
Coupon form. Assessed Valuation, $18,432,779. 1930 te 1939
Net Debt, $276,000. Population, 18,000. 1940 te 1955
81,000 Twp. of Overpeck, Bergen Ce., N. J., Scheel 4-s
Dated October 1, 1916. Denomination. $1,000.
Coupon form. Assessed Valuation. $5 057,154
Net Debt, $212 000. Population, 7.000. 1931 te 1945
35,000 Ventner City, N. J., Beach Protection and Water Frent 6s
Dated May 1, 1920. Denomination. $1,000
Coupon form. Asse cd Valuation, $9,192,253 1922 te 1931
Net Debt,, $492,237 Population Winter, 2203; Summer, 25.000. 1932 te 1955
20,000 Gloucester City, N. J., Sewer and Water 5s
Dated Decembet 1, 1921. Denomination, $1,000.
Coupon form. Assessed Valuation, $7,963,901.
Net Debt. $595,113. Population, 12,102.
49,000 Twp. of North Bergen, N. J., Imp. 6s
Dated May 1, 1921. Denomination, $1,000.
Coupon form. Assessed Valuation, $22,181. 07K
Net Debt. $1,403,690 Population. 23,344
Dec. 1. 1927
1924 te 1927
4.25
4.30
4.50
4.75
4.50
4.40
4.30
4.60
4.50
4.40
4.50
5.00
4.80
5.00
5.20
421 Chestnut Street
M. FREEMAN & CO.
felepiienc Lembard 071U-O7 11 e; 1 J
Philadcsphia
R
V
SJSCWS
yWfziirY l
K-rifiMt
CAPITA'L.
SURPLUS
and
UNDIVIDED
PROFITS
$101,082,275.88
Heri Or...-
5V Wll St;et
M-w Yerl
THE NATIONAL CITY BANK
OF NEW YORK
AND BRANCHES
Condensed Statement, of Condition as of December 31, 1921
ASSETS '
CASH en hand, m Federal Reserve Bank, due
from Banks, Bankers and United States
Treasurer 5198.b75.453.91
Acceptance, of Other Banks . . . 14.564.702 02 $213,240,155.93
Leans and Discounts . $526.800,051 60
United States Bends, Other Bends and
Securities 47.211,303.94
Stock in Federal Reserve Bank . . . . 2.640.000.00 576,651,335.60
Bank Buildings ..-.. . 6,060,000.00
Customers' Liability Account of Acceptances , .,... 20,397,343.72
Other Assets . , 5,559,212.78
TOTAL , $821,9O8,068!03
LIABILITIES
Car-'!-!. Surplus and Undivided Profits .... $101,082,275.88
Deposits .... 648.987,438.17
Reserves (for Taxes, Interest Accrued, et cetera) .... 3,193,749.49
Unearned Discount . . . ,- . . 2,331,672.94
Items in Tiansit Foreign Branches .... 3,881,611.14
Circulation . . .... 1,717,195.00
Other Bank Acceptances and Foreign Bills Sold With Oui
Endorsement 32,362,444.03
Acceptances, Cash Letters of Credit and Travelers' Checks - 22,981,040.25
Bends Borrowed . . 1,958,000.00
Other Liabilities - 3,412,641.13
TOTAL . . $821,908,068.03
Dillen, Read & Ce. Interim Receipts
l-Olv
Canadian National Railways
Grand Trunk Railway Company of Canada
15- Year 6 (Nen-Callablc Sinking Fund Geld
Debenture Bends
may new be exchanged for dehmtivc bends upon sur
render of the receipts nt the office of
Central Union Trust Company of New Yerk
80 Breaiha, New erl
Dillen, Read & Ce.
What is the
dividend record?
TpHllclm ceofcet.nnuanc
-- of ii un id end en any stecL.
iT.av Le n-e e accurately de
te mired t'ei e ts. familiar ivuh
the ui.idciul record ever
pci oil of years. Pnst per per
iein.an.c is a rcliable guide,
tn most caien.
The Invester's
Pocket Manual
is a handy 272-pagn book that
Cives dividend rteerds nJ
high and low prices ever
rened of Tears ter practically
rsery Atrencan lailread, in in
eustiial and mining corpora
lien. In additiei,, it gives
ether valuable siatmks (or
the trading public.
' u utei.r or tf n , ..
I I I Ml tlUIl ' ,
W.M.H.MCKENNA & Ce.
Wldencr DldC.
PHILADELPHIA, PA.
Flillufclphia Pituburih
tSsr&rU Qree. & (En.
Puhltr iltilittj eJrrurUirw
ftterk vriiaiine Sutliltiuj. JlliiU
iislein r
rnna.
llH(j
Rw
I euiH'asec
I dl Js. I
Pewci
r- t ulll.l U .' . O-1
Central National Bank
et I'hiljJclphu
Chestnut Street at Fifth
J
Eighth National Bank
OF PHILADELPHIA
Cornptreller'a Call Dec 31, 1921
OMll N -I in
UESOUKCCS
'.. ,. i
H fil
I ln.- ill' t
i; 1 1 e i i .
i: r ,t.
l .00 33
711 J17 12
1
Total
oeo oe
$8,209,708.53
LIABILITIES
I .lS l 1 1
lidll
let. I
ten U2 88
-'jS.IIi 60
40S.4S
' 1 .'50 01)
vu.euO 00
e. S10 70
$8,209,708.63
(II I l( I.Ms
1 ) UiMliUUCI.l, I'rr.lilcnt
- MI Fl f.I I I IK ,(P I'rraldvDl.
I It Ull l'i Ii I (KIM l ,l,rr
Kills II H V'lt . ( n.hlrr
l Mdinir, i t i jaiilrr and
Tn i Uf rr
II llll.l r Mill' ' ir , ii in , I
rrirllir In uiu ll Itir iw iiitiiin , Ii
llnnuil.il Initlliili mjIiIuii- 1
wmrriil huliif. Mini the lu'imli r i ., I
.if iiiihIitii irixrrslf ni.tliui). '
iirenimr llir lnliluli.. , Cre . ,
iiretlKc
' I I I IM II' (ill f
St
,71
Bends for Investment
Imilur t Min l.'nur.l
rr, et '- ' 0 'i i"(t(j
I'hiliiilrli lile -1 'I riii. hint HI
tl" 'l t 1 -1 ' IV. 'il.villt
'rbt- N Menal City Company
' Slnrlruell
WlEGNER.ROeEV&Oii Wilsen &
Certilied Public Accountants ' t n
Drexel Cuiadiaf, PkUadelpfek ' LinVJIl
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