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; 13,500 Shares
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$11,000,000
Canadian National Railways
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lew "wYiH
Pennsylvania Edisen Company
Cumulative Preferred Stock
, Dividends $8 Per Share Per, Annum v
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?fefrSK a t0 !ieth '!et5 and liv!5.enwdB ful,y Pa,d and nen-twesMble. Dividend-, cumulative, payable quarterly,
en the firit day of January, April, July and October. This stock, which has no pi
el liquidation, te a payment of $100 per ahare and accumulated .dividends
ar value, ia entitled, in caae
beiere, any cuimeu
-
tlen la made te the Common Stock. .Redeemable, aa a whole or in part, en arty divi
dend date, en 30 days' notice, at fllO per share and accumulated dividends.
i
TRANSFER AGENTS
'Guaranty Truat Company of New Yerk
Commercial Trust Company, Philadelphia
1 ' ' V
ix.tjfi msmif
REGISTRARS
Mercantile Trust Company, New Yerk. .
Pennsylvania Company for Insurance en Lives
and Granting Annuities, Philadelphia
"M 'pWH$
Hqtf.
!
Free of Pennsylvania- State Tax
Dividends Exempt from the Nermal Federal Income Tax
CAPITALIZATION
Upen Completion of Present Financing
Authorized
30,000
30,000
1 Outstanding
14,777 25,160 37
Prefarred Stock, $8 per share dividend par annam (shares)
Common Stock . ... . .s ; (shares)
The funded debt of the Peansylvania Edisen Company and its sub
sidiaries, outstanding in the hands of the public en December 31,
1921, was $6,987,900.
Metropolitan EdlseH CompanyHRcadiner. Pa.) owns cr controls 25.1603-7 shares of Common Stock.
145 2-7 shares of Common Stock are reserved for exchange for outstanding shares of predecessor
companies.
Frem a letter, Mr. W. S. Barstetv, President of the Company,
1 ' summarizes with respect te this Preferred Stock as follews:
(1) Electricity, gas and steam heating; service is supplied. Electricity in Eastern, Nazareth, Strouds
, burg, Pa., Phillipsburg, N. J., and fourteen ether communities. Gas in Easten, Nazareth, Pa.;
Phillipsburg, N. J., and suburbs. Steam heat in Easten. The total population served is approxi
mated 100,000. -
(2) The Preferred Stock has a strong position through its rights and preferences. After completion
of the present financing, no preferred stock can be issued having equal or prier rights ever this
issue, nor can additional .preferred stock be authorized unless a majerityin number'ef eutstand-
i ing shares, of each class of stockholders consent. It will have voting rights, except for election
' of directors, and may vote for directors should four quarterly dividends existing at any one time,
en any preferred stock issued and outstanding be in default.
(3) The equity for the preferred stock, after completion of this financing, as shown by the engineer
ing valuation, will be approximately $360 per share.
(4) Earnings eyer 3 times dividend requirement.
Legal opinions in respect of incorporation of company and issuance of the preferred
, , stock new outstanding by Morgan, Lewis & Beckius, Philadelphia, and Pendleton,
Andersen, Iselin & Riggs of New Yerk. Issuance of this preferred stock subject te
approval as te legality by Beekman, Menken & Griscom, New Yerk.
Audits by Haskins & Sells. Valuation by Day & Zimmertnan, Inc., Engineers.
.
Application will be made, in due course, te list this
stock en the Philadelphia and Bosten Stock Exchanges.
Price $100 Per Share and Accrued Dividend, Yielding 8
When, as, and if issued and received by us.
Jehn Nickerson, Jr. Parsly Bres. & Ce.
Canadian Northern Railway Company
Three-Year 5 Geld Notes
OUS
ftf
Vff
! 61 Broadway
NewTerk City
314 Ne. Broadway
St. Leuis, Me.
1421 Chestnut Street
Philadelphia
The Dominion of Canada Guarantees
Principal and Interest by Endorsement
Canadian counsel advise us that these guaranteed notes will be secured by the full
credit and taxing power of the Dominion of Canada equally with its direct obligations
Dated March 1, 1922
Due March 1, 1925
This Information ha been obtained from sources we blle te be reliable, and Is the basin en which we hae acted In Durchaslni this stecK, but Is net guaranteed
Principal and interest payable in geld in New Yerk City at the Agency
of the Bank of Montreal
Interest payable March 1 and September 1. Notes in .coupon form of $1,000
with prevision for registration of principal. Total Autherised Issue, $11,000,000
OUARANTY TRUST COMPANY OF NEW YORK, TRUSTEE
The notes will be the" direct obligation of the Canadian Northern Railway Company
forming part of the Canadian National Railways, owned by the Government of the
Dominion of Canada, which will consist, with the Grand Trunk Railway, of about 22,000
miles, comprising two main trunk lines extending from the Atlantic te the Pacific with
branch lines, serving the most productive sections of the country, and reaching every
important traffic centre in Canada.
Weeffer the above notes for delivery when, as end if issued and recened by ui, subject te the approval efleaf
proceedings by counsel. It is expected that Definitive Notes of the company or Dillen, Read Ce. interim receipts
will be ready for delivery en or about March 22,1912.
Price 99 and Interest. Te yield about 5.15
Dillen, Read & Ce.
The National City Company Guaranty Company of New Yerk
Lee, Higginson & Ce. Harris, Ferbes & Ce.
Bankers Trust Company Brown Brethers & Ce.
Continental and Commercial Trust and Savings Bank
First Trust and Savings Bank, Chicago
Illinois Trust & Savings Bank
The information contained in this advertisement has been obtained from sources which we consider reliable.
While net guaranteed, it is accepted by us as accurate.
KIRBY PETROLEUM CO.
STOCK
I .
Wahave prepared an analysis? of the Company s affair?,
giving special attention te future prospects. We bes
te direct attention te the following Beard of Directors
- who are well krjewn in various lines of cemmerce:
JOHN H. KIRBY.
PrtftlAsnt Klrbr Lumber Ce ,
President National Lumber
Manufacturer Auoclatlen.
T. H. BASS,
Practical oil operator of many
yeara' experience.
O. S. CARLTON,
President Great Southern Life
Insurance Ce
BASSETT BLAKELY,
Owner of large operating; oil
properties and cattle dealer.
J. F. B. RAWCLIFFE,
Fourth Vice President and
Treasurer.
F. M. KIRBY.
Preldnt Miners Hank.
Vilkes-Harre Ta ,
Vice President T. W. Woelwortli Ce.
EARL P. CHARLTON,
Vlce President F. W. Woolworth Ce.
nnd Textile Manufacturer of
Fnll Rher. Mass.
F. L. PECK.
President U. S. Lumber Ce
MORTIMER B. FULLER.
President International Salt Ce
FRANK ANDREWS.
Of Andrews, btrtetman, I-effue fc
Mobley. Attorneys Housten, Texas
JAMFS A. ELKINS,
Of Vinsen 4 Elklns, Atterness,
Housten, Texas
J. C. BASS,
General Superintendent
A. J. STALLINCS,
Mce President Cltl7ens Uank & Trust Company of Louisiana
, New Orleans. Louisiana
( Send for Special Circular
M. J. MEEHAN & CO.
Members New Yerk Stock Exchange
2 Recter Street NeW Yerk
TO THE SUMMIT OF PIKE'S PEAK
BEHIND BALDWIN LOCOMOTIVES
While the automobile world is interested in the new read te the
top. of Pike's Peak, thousands of Phllndelphlans will distinctly
recall the Haldwin locomotives operating en the rack railway
which conveyed them te the summit. Fer many years te come,
these small, but powerful, locomotives built in Philadelphia, will
continue te make their frequent trips up this famous mountain.
THE BALDWIN LOCOMOTIVE WORKS
Philadelphia
frnpe4
,&fte
Your Income Tax Re-,
turn muit be filed by
March 15th.
If you need expert assistance
in preparing your return, the
Deputy Collector stationed
with us during hanking hours
can render it. Remember, re
turns must be made by mar
ried people having salaries of
$2000 or ever and by unmar
ried people whose income is
$1000 or mere.
North Philadelphia Trust Ce.
Bread St and Germantown Avt.
Above Erie Ava PhiladelpMA
$50,000
CITY OF
PHILADELPHIA
SCHOOL DISTRICT
5 BONDS
1948-1951
PRICES TO NET 4.30
FREE FROM STATE TAX IN
PENNSYLVANIA
AND
EXEMPT FROM ALL
FEDERAL INCOME TAX
REILLY, BROCK A CO.
BANKERS
306 CHESTNUT ST.
PHILADELPHIA
ir1,
HARVARD
UNIVERSITY
Economic Service
will help you at this uncertain
inn Thtn a, depsndabte huslness
ierAt can pruvs of tremendous
Prsctlral value.
Nearly 1000 or ths leading buM
mm concerns of America ar
lollewlna this Service regularly
s a Kiitd In planplng their bunl
nets mews.
Burncrl'xra wr warned of ths
Wnt 'Presslen fully six months
Miers It occurred. They ar new
rjMlvlna- forecasts of events for
lb cemlns months. Price) 1100
Wrtte for circular and latest
Wtekly Utttri
CiWjIHm an Brnait. B......L
H Wadswertb l!eaa,Canbrl4c,Haii
INCOME TAX
The free services of a Deputy Collector of In
ternal Revenue are available at this Bank te
assist in the preparation of Incdme Tax returns.
FOURTH STREET NATIONAL BANK
131-145 Seuth Fourth Street
i
' IL sJ
'zazit&zzr. im'!w rr- ,.
1 aKgs
. m
We Ha" Itetnlned as Head of Our
Tax Service Department
A. F. MORTON
(Formerly With Internal Revenue Uurean)
I. Franklin Heward & Ce.
Certified Tublle Accountants
Laid Title Bldf., Munier Bide.,
Wi
Philadelphia
r'tieinftea
WrW,Wtt
Fer Conservative Investment
We elfsr a carefully se
lected list at Municipal,
Railroad, Feralrn Gov.
rament and Industrial
BONDS
HolmnMtsen6-Rapp
1WI aVretna ItUf) OM
liim T4ST-
Strawbridge & Clothier
1st Mertage 6i, 1942
M0RLEY, WOOD & CO.
333 Chestnut Street
Irmbers N. Y. Ph' Htertt Keh'i.
City of Phila.
48 4s
1946-1952
Price en Application
Townsend Whelen & Ce.
Members N. V. A I'hll i. block Kiehamee
SOS Chestnut St., Phila.
MlllgllllllM
OUR
FINANCIAL
INDICATOR
Just issued, contains interest
ing and up-te-ths-mlnuts data
en various Mturitiss, including
BALDWIN LOCO. PEOPLES CAS
ALLIED CHEM. U.G.I.
AM. SHIP & COM. U. S. RUBBER
M. K. & T. MARLAND OIL
Write for "L.7"
CULVER & CO.
STOCKH ft BUNDH
Mtmbtrn
PWadrlphin stork Exchange
Conelda(ct Sreck Hxchuege of N. V.
CULVER BLDG.
1504 Walnut St., Philadelphia
"HBlJRrrt. Pa. nXX?
HteuhenTllle. O.
WE OWN AND OFFER
Current River
1st 5s, 1927
Te yield 5.90
C . C. C. & St. L.
(C. W. & M. Div.)
1st 4s, 1991
Te yield 5.10
Mobile & Birmingham
1st 4s, 1945
Te yjeld 6.20
WlM"a BLOO. PHItADflfHIA
AfcwHr Stock reh
mwvesK smAMm.
s
Mtiii UE
.W.eiarkMZe.
BANKERS
521 Cheatnut St., Philadelphia
Established 1637
Members New Yerk and Philadelphia
Stock Exchanges
A Connedien
of Real Value te the
Invester
MEN who have learned te make sure-footed progress in
their financial afiairs knew that the services available te
them through established relations with a reliable investment
house are indispensable. A connection with Halsey, Stuart
& Ce. adds te the investor's own knowledge and experience
these distinct advantages
a The complete facilities of an eld,
established house in assisting you
te gauge security values.
b A wide selection in various type
of conservative bends.
c Active co-operation in helping you
steadily increase your accumulation
of bends, through a convenient
and interesticg plan of systematic
investment.
A sincere and continuing interest
in your bend investments expert
advice concerning them at all tines.
c .ssurance of our endeavor te help
ycu conform your bend holdings
exactly te your requirements.
J Facilities for collection of cou
pons, assistance with income tax
records, efficient service en pur
chase, sale or exchange of invest
ments, extensive statistical infor
mation, etc.
g A painstaking service regardless of
the amountef your bend purchases
by mail, through our representa
tives or ever the counter.
Detailed description of the various sen ices je may obtain from IlaLey,
Stuart cV Ce., together with information of general intereil and value te
im eSlers.is contained in our hcoklet,"ChecsingYour Investment Heuse."
Let us send jett a copy nitheut obligation write for booklet I'A-47.
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HALSEY, STUART &. CO.
INCORPORATED
Land Title Bldg., Philadelphia, Pa. - Telephone Locust 7410
CmCAOO NEW YORK 1-HILADr.LPH.A BOSTON UETIlOIT MILWAUKEE MlNNtAFOU, ST. tOUIS
.... 17.11 I L.L... eT ti j-t k -
..,., WUw .urtopye. i-noeiing l our investment Heuse" booklet Ne.l A-47
I'rnna. II. B. Ce. Kauln
I'Hihirah & IIUiicIh Rullrend Ce
6's 102H te 11135
4M-' li'13
n'i
Tennessee) Tewrr Cemnan;
Ntrawhrldxs ft Clothier Can
Jersey City, Hebaken ei l'atersen Hr,i' t)4U
h lest
O'm IU4J
Irawhrldse Clothier t'emimn)
Ohie Traction Ce. 6 ai I'M, Cem. blocks
SAMUEL K. PHILLIPS & CO.
Menn.er.rhn.BcUwha,,,,,
-mm m
i -1 Wlt
UOKm 'a3. '"-
" HlslaMM . VcJT
W &atn oweamaasam ,MV "l!
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81 cw LeJ
Mi J 1 4 j
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, i2.ii;intc.-ini; Superintendent 'Z. V
Cellf irm iniui. mutu ... ......i n P.T .W
'ars an enecutive n rtarltrn. conairuetUin K '
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W. A. Harriman & Ce.
1NCOIITOUATEI)
751 Drexcl Bldg., Philedelphln
NEW YORK CHICAQO
BUFFALO SYRACUSE
Ne "Specialists" Wanted
He i ui tip l,r i.tix uf tun r t'irre hlcli.
eraile "niiIihiiiiu" ritrntnl li) the rerent
rhunsiu In rrimtilile HrniH.
Cllie refirrnre. Krpllce runfldentlal,
O 1S, Ll'JXIRK OIT1CE
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