davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-06-27
NEW STATE CORPORATIONS.

Albany. June 26.-The following companies were
Incorporated to-day with the Secretary Of State:
A new railway company for Greene County, TO be
known as the Otis Railway Company. TO take the
place Of the defunct company which was solo
under foreclosure sale. The new company mas a
capital stock OF s6 CO., and the directors Alfred
Vansantvoord William d. Baldwin, Charles l..
Rickerson William n. White tr.. Of New York
city, and George NJ. Snyder. OF West Hoooken,
The International Park Association. 10 maintain
Of trap shooting, with capital OF 10000. The
directors John 5. Wright, Of brooklyn and
Clarence Condit and Augustus F. Meyerhon' or
New-York City.
The Hyne Construction Company of New-York
CITY 10 carry on a real estate business; capital.
$1,000. directors, Charles Whitney, James ,. ron,
ner lanes h Stewart William @. Van Roper and
PercivaI p Moody of New-YOrk CITY.
newfoundland Cement Coaling Company. OF New
York CITY. capital, 500 600: directors. Robert b.
Johnson OF Pittsheld Mass; Richard b. Lee,
George French and James r. Heath. OF New YORK
Manila Laundry Company Of Brooklyn; capital,
81 800: directors John Iversen. Frederick +. Sey-
forth and avid T Hassell OF Brooklyn.
TAYLOR Movement Cure Company OF brooklyn !.
capitaI s. 900: directors Joseph II. Richards. OF
New-York City and Florence T Pelton and Nellie
NJ Barnum OF Brooklyn
The Binghamton Training School for Nurses. for
the cratuitous education and training Of nurses
Tor the sick in Bnghamton The names OF ne hrst
Ave directors Charles F. Sisson. James SULLIVAN,
William 8 Lawyer William II. Cannon and Robert
The Oldbury Electro Chemical Company. Of West
chester County filed certificate Of Increase OF It's
cantaI stock from $4,000 $1,000 The amount or
paid in capital is 80 0 and the debts and liabilities
amount n $4,000.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-06-27
OIL SHIPMENTS FROM PHILADELPHIA.

Philadelphia June 2s.-The demand for American
petroleum in the Far East has been so great that
additional refneries have been started at Point
Breeze 10 supply vessels loading the case oil prod
uct. The British steamship ST. Irene arrived here
yesterday 10 load petroleum for Japan. and the
steamship Abergelde is her way 70 load a
similar cargo for the same country. Ten sailing
vessels. all large carriers. are under charter 10
load for Japan at Point Breeze Fourteen bulk oil
carriers are bound here to load for British ports,
and the average capacity OF the vessels Is over a
million gallons In the last week 9.3OS,6s gallons OF
crude and refined petroleum were shipped from
this port, making total for the year 10 date OF
over one hundred and fifty million gallons. The
grain shipments are also the Increase. Since
January 100000 bushels OF corn. 2.250co bushels
OF wheat and 10000 bushels of rye have been
shipDed from Philadelphia.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-06-27
TrNpLATE MILLS TO SHUT DOWN
NO AGREEMENT ON ADVANCE OF WAGES
p1ETy THOUSAND MEN WILL BE IDLE.


Pi,-shurg. June 2s-An the tinplate works IN
che country will be closed at midnight on Frlday
&c result Of the failure to settle the wage scale
~ the conference in Chicago. Fully fifty thousand
nersons will be thrown out OF work by the smut
down.
The conference which opened in Chicago on Tues
6av morning closed Saturday evening at o'clock.
without arriving at an agreement The workers
wage committed acting under instructions re-
ceived from the annual convention held in Detroit
last month made a demand for advance OF 20
per cent. The present wage scale expires on June
80 and the members of the Amalgamated Associa-
ton are not permitted work after that date un-
less the scale is signed.
About twenty-five thousand skilled workers are
members Of the association. and many more are
dependent upon them. and will be idle while the
skilled men unemployed. Nearly 20 per cent
Of tinplate workers OF the country are employed
in Western Pennsylvania mills.
The scale for the tin-house men, or unskilled
labor, arranged several weeks ago. and pro-
Vdes for big advance to some Of the workers,
and averages nearly 20 per cent All the tinplate
mills in the country union mills, with four eN-
ceptions Some OF them may continue in operation,
but il is not likely that they will.
Secretary Williams OF the Amalgamated Associa-
ton stated to-day that all negotiations are of for
the present, and that the matter will have 10 be
referred back 10 the subordinate lodges. Mr.. Will
Jams said that the manufacturers Offered an ad-
vance, but II was not as much as the men wanted.
and as the committee had no authority 10 do any
thing except what the convention decided in De-
troit a month ago the conference brought 10
end. II would he impossible, he said 10 refer
week, much less arrange for another conference He
would not express opinion 10 the proba BILE
action OF the lodges but II seems TO be the general
impression that there will be no modification OF
the original demands
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-06-27
vrv po1-rE TO KAATERsK1LL.

Kaaterskill y. Y. June % (SpeciaD.-The Ulster
and Delaware Railroad Company to-day opened its
neur s+andard-gauge line over the Stony Glove and
Kaaterskin Railroad from Ph9ncia to Kaaterskill
in connection with the main line The work OF con-
Meeting the tracks completed yesterday ana
the first train through the famous Glove into the
Tannersville Valley and on 10 the kaatersklH pia-
teau carried the officials Of the road and arrived AT
Kaaterskill Sunday afternoon about O'Clock.
The first through passenger train over this new
line was the Rip Van Wrinkle Flyer. equipped with
new modern day coaches and beautiful drawing
room car. from Philadelphia, Jersey City and New
York Thus all visitors TO this charming region o..
Tannersville. Haines Corners, Laurel house ho'ei
Kaaterskill and the ca tskill Mountain house may
well rejoice that II is possible 10 reacn tleie
on through fast trains, and without change OF caIs
The train was greeted all points DE cheeI ~
crowds gathered to welcome the hrst tram 20 tns
top OF the mountain. nearly three thousd"u 4ee'
above tdeWater
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-06-27
JAMES N. FAIR.

James VI Farr died on Saturday evening at his
home No. Is Lexington-ave, from Brights disease
after an Illness OF three months The funeral Will
be held at the this morning at 10 o'clock The
internent will be at Laurel HILL Philadelphia
Mr.. Farr well known in the drug trade. He
was a son Of the late John Farr. OF Philadelphia.
founder OF the house OF Powers Weightman.
chemists and manufacturers Of qunine and opium.
John Farr was the first TO make qunine for sale
in America. This was in 1923 two years after the
aIkaloid of quinine discovered in Paris. When
ouinine was first made IL sold at $23 ounce.
il is quoted at ~ cents
James NJ. Farr the manager OF the New-York
establishment OF Powers & Weightman. at No. IS
Maiden Lane. He was graduated at Princeton.
from witch his three sons were also graduated He
was a member of the Chamber OF Commerce and an
elder OF the Fourth Avenue Presbyterian Church.
He leaves a widow and three sons. the Rev James
NJ Farr. jr., assistant al the Brick Church; John
Farr who is IN the sugar business. and T. H.
Powers Farr, OF the firm Of Kilbreth 4 Farr,
members OF the Stock Exchange.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-06-27
ACTIVITY IN HARD-COAL MINING.
BETTER TINES THAN BEFORE IN YEARS IN
sCHUYLKILL REGION.


sCHUYLKIIL REGION
Pottsville. Penn. June % (speciaD.-For the first
time in years the forty thousand anthracite miners
OF the Schuylkill region an improvement in
their condition. Their hope is that II will continue.
as for a long time they have been making only one
and two days a week. and many miners thought
they were doing we'll when they made g 10 $ A
week. The fact Is that by reason OF the extensive
use Of bituminous coal throughout Eastern Penn
sylvania the population OF the hard-coal country
has been decreasing for the last few years. Now
the trouble in a portion OF the bitumnous regions
has benefited the anthracite miners.
The mines Of the Philadelphia and Reading Coal
and Iron Company began to-day their second big
week Last week they made five three-quarter
DAYS and this is to be repeated this week. This
takes in all the company's coleres. and half
dozen individuals operating mines through this re-
gion got in better time last week than they had
experien ,ed in years this Of the year The
work full time when cars can be secured
The whole anthracite region seems TO have put
on a new life The Packer colliery got in six days
last week. This is operated by the Lehigh valley
The collieres in the Shamokn and Lykens valley
district got in six days Of nine hours each. and the
coieries Of the Lehigh Coal and Navigation Com-
pany IN the Panther Creek Valley closed the week
with six full days. There is a possibility OF the
Philadelphia and Reading company coilleries
making six three-quarter days this week Nhen
the Pennsylvania and Reading coal mines are run
ming on full time all the tArritnrv &c hsnshtsd
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-06-27
HENRY A. DANIELS.

Henry A. Daniels chief engineer Of the Sing
Sing Waterworks died late Sunday evening
after a lingering illness, acute Brights disease be-
ing the immediate cause OF death Mr.. Daniels
was born in Harwnton. Conn. fifty mine years
ago. and had lived in Sing Sing for the last seven
years Previous to going there he had been
chief engineer OF the Yonkers Waterworks. and
also served IN a similar capacity with the Man
haitian Brass Company New-York for a number
of years.
He was a member OF the National Association
OF Engineers and the inventor OF several patents
which have been successfully used in connection
with waterworks machinery. Mr.. Daniels was
Yonkers, and Westchester Commandery No: ~
X T.. Of Sing Sing both of which organizations
will ornciate the funeral
His widow. daughters-Mrs. H. II. Reynod
and Miss Lena Daniels-and son. II. A. DAN
els jr all of Sing Sing, survive him The
funeral will be held Wednesday morning. and
burial will be in Cheshire, Conn.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-06-27
FEDERAL STEEL COMPANY WINS.

NEw-JERsEY COURT D1sMIssEs THE ORDERS TO
EEJoIN THE PAYMENT OF DIVIDENDS
Trenton. y. j.. June 26-An order was filed In hte
office OF the Court OF Chancery this afternoon dis
missing the bill OF Walter r. Kern and other pre-
ferred stockholders of the Federal Steel Company
to restrain the payment OF the first quarterly div-
dend on the common stock Of the company. The
order was made by Vice Chancellor Gray on the
motion Of Henry I. Budd, counsel for Kern. The
motion was made before the Vice-Chancelor at
his chambers in Camden.
rary restraining order that had been Issued against
the payment OF the dividend. II Is stipulated IN
the order that the bill of complaint is dismissed
and the temporary restraining order is set aside
without prejudice
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-06-27
BIG STEEL PLANT MAY BE BUILT.

PROPOSITION FOR ITS ERECTION IN MENoM-
NEE.
Menominee. Mich, June 2s-Eastern capitalists
have submitted a proposition 10 the business men
OF Menorinee to build plant for the manufacture
OF structural steel, estimated cost OF $780,
900, which will furnish employment to six thousand
hands The buildings 10 consist Of a blast fur
mace plant, an open-hearth steel plant, Bessemer
steel plant and construction plant. the main roll
ing mill 10 be 400 feet long and $50 feet wide and
the whole to have frontage OF four thousand
feet.
Matters already have been arranged for the dona-
ton OF a site comprising one thousand acres OF
land bordering on the city, with a water front Of
mile. which. when locked out one hundred feet
will give a twenty-foot depth OF water II is said
that II satisfactory freight rates be had the
project will become a certainty.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-06-27
NO DENIAL FROM OFFICIALS.
THE PRESIDENT AND NlCE~Frh~'i
posroN AND ALBANY REFUSE TO


MAKE A STATEMENT.
pos,o, June g (SpeeiaD.-The ohiclais OF inc
-, ond Albany road refused 10 conhrm or oeh!
- ..a.eneat that the New-York Central VIII
,,ra its system The fact that they wouIo NOT
go, ,be report is significant in view Of the reaai-
ross with which they have disavowed similar IT,
rors IN days gone by. ,,
..r do not care TO talk" said President Bliss
81 can say nothing either deny or confirm the
renort" said Vice President Hayden
Mr. Hayden denied that there was conference
g, New-York Saturday. IF there was such con-
terenca the Boston and Albany people had no part
An n for Mr. Bliss Mr.. Hoar and myself were al
IN Roston and certainly IL such meeting hao
heen called one Of us would have been there
The sock market here seemed 10 furnish con-
1,roa,ion Z he rumor although the market some
times sun 5 from a nervous agitation ~nlch mas
10 Seanite basis On Saturday Boston ana AIDahy
49, selling al 262 This morning II hd1 JuIiPsu ~
,of1rs and was selling at ~ NeW-1 ork New
Hsvsn ard Hartford IN which the NanderDlIts are
siSo heavily Interested rose on the MARI IsPoi -
rris rnorring jumping six points over SATURDAY.
In was limited by a man who is said 70 nav sV 1
zion on the subject that the represeh'atNes
OF the Vanderbilt system have mace sotne eH ~
at;on Of he terminal freight facilities OF the Bos-
,oT and Albany particularly with reference 70 IIs
ahllifv 10 handle shipments OF grain tor iortls.
SransDortation and that they would IKE 10 eet
rossession OF the New-England docks. now CON
.roued bv the New-York New-Haven ana Hart-
"a Sor yhe purpose Of erecting several large grain
The present elevators OF the Boston and AIoany
are AZ East Boston but the matter or ferrylhs me
cars TO that point is slow process "hich the OH
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-06-27
DIR. WOOD CHOSEN PRESIDENT.

Boston. June 8-The Rev DR.. Nathan Z. Woo
was formally chosen president Of the Newton Ineo-
logical Institute to-day. DR.. Wood Will give up h.s
pastorate at Commonwealth Avenue Baptist Churen
and 20 TO Newton at once. Or. Wood was oorn IN
Forestville ~ y in 1919; fitted for college at way
land Academy Wisconsin. and subsequently srso.
uated from the University Of Chicago In is.Z ano
from the Baptist Theological Seminary in 1910 ne
then organized the Central Baptist Church. OF Chi
cago from a mission. He was principal OF tns
Wayland Academy for six years, then became pa
tor Of the Memorial Baptist Church OF cmS .nSc
and three wears later went 20 Brooklyn 10 az
charge OF the Strong Place Baptist Church. IN u"
summer OF 1894 he came 70 Boston.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-06-27
OBITUARY..
PROFESSOR SAMUEL HARRIS.

Litchheld. Conn., June &-Professor Samuel hal.
rIs OF the Yale Theological Seminary died at M
summer home here at II o'clock last night M
Harris had been I'm falling health FOR some t'"'s'
and on account OF hts advanced age his death VIZ
unexpected.
The professor had made his summer nome he.e
for a number OF years and came here WIN x az
family from New-Haven about ten days ago 49,
mis- arrival his health gradually gre" ~, -
The arrangements Tor the lunerdi nave NV
been completed.
} The Rev DR. Samuel Harris. professor OF sys
tematlc theology in Yale Theological Seminary ana
formerly president OF Bowdoin College uS7-Ip
was born AZ East Machias. Me. on June H. Isis'
He was graduated at Bowdon in 1888. taught dur.
ING tho next two years at Limerick Academy ana
washington Academy East Machiss. and then en-
tered Andover Theological Seminary. from WHICH
be was graduated In 1895. Again he taught io'
tbree wears at East Machas. after which ne ~
caroa nastor OF the Congregational church al Con-
way Mass In 1851 he accepted a can 10 D. 49,
torate at Pittshed. Mass
In 1876 DR. Harris became professor OF systemAoo
theology in the Bangor Theological Seminary ano
held that place until 1867. when he was eiecteS
president OF Bowdoin and professor OF msn's a.csn,
moral philosophy. In lsl ne resigned 10 "a, III
he nrofessorship az Yale. which he held unui nv
Dr. Harris won distinction both as writer ana
speaker his powehr, Of uorts include the
foIowing: "Zaccheus. the Scrip,ural Pan Q.
ReneScence" GsiD. ''The Kingdom Of Christ on
Esrth'' $50 'The Philosophical Basis OF Ihs, s,.
Revelation Of Cod dss3 He also contributes rib "a
many articles to The New-Eng amer aaSn."rr%
Bbliotheca sscra Williams In *, Sehe snd cBowaoin
on him the degree OF ID. u III l'''' a"1 D""-
81 I in
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-06-27
HONORS.
YALE CLAss-DAY EXERCISES.
CLASS PIPE SMOKED. HISTORIES READ AND IVY
PLANTED.

PLANTED.
New-Haven. Conn. June 26.-The class-day exer-
clses Of the senior class of Yale were held this
afternoon in the amphitheatre erected on the cam
pus for the occasion The programme began with
a procession about the campus by the class in
academic caps and gowns. headed by the I'd Regi-
ment Band. Inside the Enclosure the class was
seated in the pit. each smoking the customary
long pipe. The class pipe. which remains the per-
manent trust Of the class secretary, also sent
around while the humorous histories were being
read by the class historians, who were Hugh An
drew Callahan. of Chicago; George s. Chappell, Of
London. Conn; William H Field OF Rutland
Vt: John B. Adams of New-York City. and Ellis
o. Jones. H.. OF Columbus. Ohio. The programme
closed with the ceremony Of planting the class ivy
Vanderbilt Hall
were held this morning in Battell Chapel Presi-
dent Dwight presided and opened the exercises with
prayer. The class poem read by Howard
Chandler Robbins. Of Springfield. Mass. The class
grafton was delivered by George Dana Graves, Of
Manchester. y. r.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-06-27
COSTLY CARGO or oPrUM AND RAW SILK.

San Francisco June o. (speciaD.-The Pacific Mall
steamship city OF Rio de Janero arrived yesterday
from Hong Kong and Yokohama. She had no dis
tinguished passengers but she brought the largest
lot Of opium received here in years. II hlled nye
hundred cases OF forty pounds each, ano Is val
ned with duty al A5s 90 The duty amounted 10
$500 In the cargo also ei5 bales OF Chinese
raw silk valued at sOi3.OcO.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-06-27
PHYLLIS RAyKIN'S DIVORCE.

Miss Phyllis Rankin. the actress. yesterday Sc
cured from Justice Scott in the Supreme Court, A
decree OF divorce from her husband. Henry d.
Gibbs a theatrical manager. The custody OF the
children was given TO the mother. The case was
tried two weeks ago Miss Rankin has been well
knoUn on the stage for some years. especially In
burles1ues and musical pieces. She has played in
several Of the productions at the Casino. ana ap.
neared with the Casino company in The Belle OF
New-York'' In London. She is the daughter or MI
and Mrs Mckee Rankin.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-06-27
B. AND o. MAY MAKE DEAL WITH SEA.
BOARD.

Baltimore. June 26.-It is denied at the company =
headquarters IN this city that the Baltimore and
Ohio has made a traffic arrangement with the
Southern Railroad. rumors Of which are current.
1t is thought that the Seaboard Air Line is the
Southern Railway intended TO be mentioned in this
connection, the Southern Railroad has long
term contract with the Pennsylvania system. As
to the Seaboard deal. nothing could be learned al
the Baltimore and Ohio offices. but II is elsewhere
alleged that negotiations between the two systems
are approaching a satisfactory termination.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-06-27
rur RIG SODA ASH FACTORY.

Akron Ohio. June 2s-It develops that there is a
~, ornoration back Of the enterprise 10 establish
a soda ash factory at Barberton. The two leading
snrits in the corporation, which IS TO be known as
the Columbia Chemical Company. with capital
stock Of So Oc0 II. Carrck. OF the Carnegie
nomnsnv and John Pitcairn OF the Pittsburg
plate Glass Company both OF which Will use the
nroduct OF the factory. The plant will turn out
iao OO IONS OF soda ash every year. besides large
amount Of by-products one thousand men VIII oe
emplOyen.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-06-27
THE SHIPMENTS OF GOLD.

GEORGE G. WILLIAMS SAYS THEY NEED EXCITE
NO FEAR
There will be exported TO Europe on to-day's
steamer $4,000 in gold Of which the National
City Bank Will ship s265Oo0 and L. Won Hoffman
& Co. 10000 II is thought that further shipments
may be made later In the week but that the export
movement Will not continue much longer.
George @. Williams, president of the Chemical
National Bank. said yesterday on the subject Of
gold exports;
of gold exports reaching large proportions. W.
have still comfortable balance abroad Part at
least Of the gold which is being sent out now IS
in payment Of July interest and dividends 10 Euro
pean holders Of our securities"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-06-27
rtFcTRJcAL ENGINEERS IN SESSION.

Boston, June @-The three days session Of the
American Institute OF Electrical Engineers opened
here to-day with a brief address by the president.
DR. Arthur E Kennedy. Of Philadelphia. Mayor
Quincy extended the formal welcome OF the city.
Charles p. Stenmetz OF Schenectady. y. Y.
presented a paper on Symbolic Representation OF
General Alternating Waves and OF Double Ere
quency Victor Products." discussion followed
me next paper was on The Cost OF Electricity
IN some Typical Buildings In New-York City" In
The AFTERNOON the delegates visited numerous
places OF interest
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-06-27

special meeting OF the stockholders Of the Third
Avenue Railroad Company has been called for July
49, when a proposition to Increase the capital stock
OF the company from N2 10000. the present amount
10 $4,000 900 will be voted upon. The stock is
10 be issued for the purpose Of paying the COM
pany's floating debt incurred in the acquisition
Of the securities OF other street railways and for
changing the motive power OF the Third-ave line
and the acquired lines. Fifteen million Of the
600 new stock IL is estimated will he devoted
TO paying the Of the Improvements in progress
and In contemplation.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-06-27
CLASS DAY AT TRINITY.

Hartford. Conn., June 2s.-The class day exer-
clses Of Trinity College celebrated the
college campus this afternoon. The exercises were
as follows Address by the class president. Kelso
Davis; history j. W Nichols poem. Cranston
Brenton; prologue. D. II. Nerder orator. F. A. Nc
Elwan: presentations. A. y. Vibbert. and stalls
tlcan, r. @. Littell.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-06-27
r1rnGE WILLIAM H. CLARK.

Los Angeles, Cal, June 26.-Judge William h
Clark OF the Superior Court OF THIS CITY, oieu W
dav from consumption. He was thirty-nine years
ia He came from North Andoveri Mass, where
his father had been Sheriff and his brother Judge
80 the district He was a graduate OF Harvard
Tow School He 10 California IN lse" AFTER
nractsing in Boston for a short time.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-06-27
OHIO ROAD CHANGES HANDS.
WHEELING AND LAKE ERIE TAKES OVER CLEvE-
LAND. CANTON AND SOUTHERN

Toledo. Ohio. June 2s.-The final action was taken
to-day by the stockholders OF the Wheeling and
Lake Erie Railroad in the purchase OF the Cleve-
land Canton and Southern over 50 per cent Of
the stock was represented. The work Of the d.
rectors was ratified without opposition. The action
provides for issue of S5.OOoo00 per cent bonds
which will take care OF Sc 10000 per cent bonds
and provide for the expenditure OF 100000 in
retiring trust bonds and the purchase Of
large amount OF new equipment. in addition to the
purchase OF the Cleveland. Canton and Southern
and Cleveland Belt and Terminal lines. prom
inent stakeholder said to-day that the combined
properties present earnings will be sufficient 10
provide for the interest and pay a dividend i'm
medately upon the preferred stock