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The news-democrat. (Providence, R.I.) 1906-1909, 1907-09-18
CIVIL SERVICE
EXAMINATION

The annual civil service examination
for clerks and carriers In the Providence
postofficc will be held I'm Providence on
Nov. %. 1907 at a. m.
This examination is held for the pur-
pose OF establishing n register OF eligibles
from which appointments may be made as
occasion may require In the Providence
postoffice
Applicants must be between the ages OF
Is and IS years, and citizens OF the United
States Those OF the male sex fffust be at
least feet. 4 inches tall. without shoes,
and weigh not less than 125 pounds in or
dinary clothing.
The required application form, with in
structions In regard to the requirements
of the examination. and specimen exam
ination questions, may be obtained from
Walter A. Little at the postoffice. or Ed
ward u. Stebbins, secretary board OF ex-
aminers, r. o. box 15S. Boston. Mass APP
plications must be filed with the latter
not later than Oct Fl.
Undoubtedly positions In postoffices will
prove more attractive TO the public than
heretofore by reason OF the graded sal
ary list, with annual promotions. estab-
llshed on July l, 1907. as follows: First
grade. salary 5000 per annum: second
grade, salary $500 per annum; third grade,
salary 500 per annum: fourth grade. sal
airy $1,000 per annum: fifth grade. salary
s1l00 per annum; sixth grade, salary $500
per annum.
In accordance Herewith clerks at post
offices OF the first class. and city delivery
carriers will be promoted successfully TO
the fifth grade, and TO the fourth grade
In offices OF the second class. All promo
tions will be made at the expiration OF a
years service In the next lower grade de-
pending on the faithflIlness and efficiency
OF the employe during the preceding year.
The news-democrat. (Providence, R.I.) 1906-1909, 1907-09-18
BIC DEMOCRATIC
RALLY IN THIRD
WARD TOMORROW

Tomorrow night the Democrats OF Ward
who favor the reelection OF Mayor Nc
Carthy and Representative John w.
Hogan will have a rally at Vincent hall
on Gladstone avenue, opposite Pekin
street This will be the second rally held
by the straight Democrats OF this ward
and very large attendance is expected.
The speakers at this rally will include
Mayor Mccarthy, Representative
Thomas A. Carroll, Joseph III. Gamer.
Esq, and Representative John w. Ho-
gan. The issues of the campaign will be
well discussed
Parties long familiar with politics in
Ward cannot recall as vigorous a cam
paign as the present one The drift OF
public sentiment this year seems to be
strong against Alderman Dunn and Coun-
Gilman O'Neill both of whom declare that
Representative Hogan shall not have n
nomination for either representative or
school committee.
The news-democrat. (Providence, R.I.) 1906-1909, 1907-09-18
BOSTON, PROVIDENCE
TROLLEY Line APPROVED

Boston. Sept ls.-The petition OF the
Boston and Providence Interurban Elec-
trio Railroad company. made through
Messrs. Stone and Webster Of this city.
for the approval of a high speed electric
line between this city and Providence,
was approved today by the railroad COM
missioners.
The commissioners refused to grant a
similar petition for interurban lines TO
Lowell and Lawrence from this CITY, as
well as the petition for line along the
North shore and line to Providence
over different location than that which
received approval.
The hearings on these four petitions
were held last spring and occupied nearly
two months.
The news-democrat. (Providence, R.I.) 1906-1909, 1907-09-18
MICHAEL H. MURRAY
GETS $500 POLICY CASH

In the interpleader case brought by the
John Hancock Mutual Life Insurance
company VS. Michael II. Murray. Marshall
L. Praine and Bridget Praine, In the
superior court. a final decree was enter
cd declaring the proceeds of policy
amounting TO 500 should be paid to
Michael III. Murray
The policy was issued on the life OF
Michael j. Mural and was originally
made payable to his estate. Later
Michael H. Murray was made the beneh-
ciary.
1t was represented to the company that
the original policy was lost and dupli-
cate was issued. Michael III. Murray paid
all the premiums between Jan. rs. 1906,
and the death OF the insured In May. 1907.
The court holds that there was only one
contract and that the supposed retention
OF the old policy and the alleged payments
of premiums by the Praines gave them
no title to the proceeds of the policy.
The news-democrat. (Providence, R.I.) 1906-1909, 1907-09-18
MARINE INTELLIGENCE

Sun rises. 5:2S a. m.
Sun sets. 5:51 p. m.
Moon sets. 1:10 a. m.
High tide. 5:l6 p m.
ARRIVALS.
Steamer Essex, McDorman. Baltimore.
Steamer Plymouth, Appleby. New York.
Steamer Tennessee, Wilcox, New York.
Steamer City OF Newport. Ricketson,
Newport.
Steamer City of Haverhill. Lake. Fall
River.
Steamer New shoreham. Fuller. Block
Island.
Steamer Islander. Johnson, Tiverton.
Tug Gertrude, stevens, New York.
Tug +. ]. Scully, Moran, New York.
Schooner Maud b. Krum, krum, Phila-
delpha, 1120 coal to order.
Schooner Mary w. Bowen, Chase, Nor
folk 94sO COAL n. Y. n. II. & II. Ry.
Barge vesty. Port Reading. So2 coal, n.
Y, n. II. g. II. Ry.
Barge II. F.. Hallett, Port Reading, $50
coal. N Y, n. II. & III. Ry.
Barge Pioneer. Port Reading 5s coal.
N. Y, N. II. s. II. Ry.
Barge Lackawanna, Weehawken, 800
coal, j. r. White
Barge Julia, So. Amboy. $40 coal. Paw
tucket.
Barge Anthracite. weehawken, i7s coal.
]. r. White.
Port, 100 600 brick. J. c. Goff.
DEPARTURES.
Steamer Plymouth, Appleby, New YORK.
Steamer Tennessee Wilcox. New York
Steamer City OF Newport, Stinson. New
port
Steamer City of Haverhill. Lake. Fall
River.
steamer New shoreham, Fuller, Block
Island.
Tug T. ]. scully, with barges Carbon
dale and Moosic. for New York.
Schooner A. III. Brown, Philadelphia.
Tug Gertrude. with tow, New York.
Tug Solicitor, with scow, Newport.
ALONG THE HARBOR FRONT.
The coal arrivals today brought siO5 tons
Of coal TO the city dealers. Among them
was cne 5-masted and one 4-masted
schooners.
FLAGS AT HALF MAST.
The steamer Plymouth, Capt. Applehy,
arrived in port this morning with her hass
at half mast out of respect for the death
of Capt Cowan, one OF the Oldest captains
tretired), of the line. and who lately mas
heen mort captain stationed at Stonington.
Conn. where he died yesterday. Capt.
Cowan was one OF the captains OF the Old
fleet OF sailing sloops between this port
and New York many years ago and many
OF the old salts along the haroor front
remember the old sloops. Blackstone, Hal,
Brown Minnie Bowen and Hull whicn
used to make such good time through the
Sound He was for some years In COM
named of the steamer Amos G. Barstow,
but was retired and spent the last years
OF his life ashore. retaining his connection
with the line as shore captain. The fu-
neral takes place tomorrow.
The news-democrat. (Providence, R.I.) 1906-1909, 1907-09-18
0vER 1000 PER
CENT EARNED"
CONTINUED from page onel

N1OHllnueu from page oHeJ
The statement of dividends and profits
OF IL of the subsidiary corporations of the
Standard OIL company OF New Jersey, as
presented in the federal proceedings. fol-
lows:
Atlantic Refining company-In 1903 cap
ital 100000; dividends s., ,499, $780, profits.
s9,794,l90: in 1906. dividends. s2.a49.955;
profits, s5.5O6.237.
Buckeye Pipe Line company-Tn 1903,
capital sl00o0.oOo; dividends; 81, 1879 $685. prof
its, 1852. .l47; in 1906, dividends, s., ,799, ,7S9;
profits, S7,O23.3 1862.
Continental Oil company-In 1903 capt.
tai. 10000 dividend s49S. 900; profits.
s57s,99o; in 1906. dividends. s4O5.oo0; profits.
S575 43
Eureka Pipe Line company-In 1903,
capital. 100000; dividends. s2.949. .4i0;
profits, $3.lls, ,395; In 1906, dividends, 49,
949. .6S4; profts, 81. 435,l0S.
Galena Signal company-In 1903, capital,
$40, 100000 dividends. SLIPS. $50; profits, ST.
6S2. 27l; in 1906. dividends, 1871. .20O profts.
81. .S03. .056.
Indiana Pipe Line company-In 1908.
capital. s1.ooO.00o; dividends. 50. 79s. $50;
profits. &,19s,664. in 1906 dividends, s., 49,
346; profits. $23l3,5S3.
National Transit company-In 1908. cap
ital, s25. AS. 200; dividends. s25i5,i65; pro-
fits, $5340.042; in 1905. dividends. 5000. $50
profits, $1.s29, 767
MORE BIG PROFITS.
New York Transit company-In 1908.
capital, $5,Ot0,OOo; dividends. $3.949, ,2S9;
profits. 50, ,033, ,63s: in 1906 dividends S2.09l,-
$751; profits, s2.3I32s2.
Northern Pipe Line company-In 1903.
capital. 1900. 900; dividends. 1882: prof
it's, $s5o2, in 1906 dividends. 100000; prof
its. 1851 .6l4.
Solar Refining company--In 1903, CAPT
tai $4,000 dividends, 81, l,AS,Ss0; profits,
sl.l29470: in 1906, dividends. s449.46O; prof
Southern Pipe Line company-In 1903.
capital, S5.OC0,Oc0; dividends. S5S999S prof
its, $l.l39.0l6; in 1906, dividends. a,599,9 ;;
profits, A,649306.
Standard oil company of Iowa-In 1903,
capital 100000; dividends, 100000: prof
it's, 81 Os9, 4ls; in 1906, dividends. s3.9Oi 095;
profits, s673,97.
Standard oil company Of Indiana-In
1903. capital. 900 o00 dividends, IS, ,i9l. $50;
profits. IS. .753.4lo: 1906, dividends. $4,4955oo;
profits, $l0,5l60s3.
Standard Oil company of Kentucky-In
1903, capital. S1.0000O0: dividends. ss97, 800;
profits. s1.772.173; in 1906, dividends, $780,
400; profits, 81 .307. $50
Standard Oil company of New York--In
1903. capital, s15,00o.c0O: dividends. l0,49s,-
500; profits. s1439i. O46; in 1906, dividends.
s., ,4e9, 800; profits. se556,oS1.
Standard Oil company Of ohio-In 1903,
capital. sS,5co.00o; dividends. sl74970; prof
it's. $3.50, ,1si: in 1906 dividends. SlH,910;
profits. s1.o09.526
Vacuum oil company-In 1903. capital.
s.. SOC. 600; dividends, not given; profits. ST.
3i4, 4,46l: in 1906, dividends. not given. prof
its, sl.449.575.
The news-democrat. (Providence, R.I.) 1906-1909, 1907-09-18

the church officials OF Atlantic City that
the condition Of the young priest is such
that only the attending physician and
nurses are allowed at his bedside, has
not as yet gone TO her SON
A MILL MAN INJURED.
Ben Moodhead, loomnxer at Fletch-
ers mills on Valley street. was quite
badly injured about his head yesterday
afternoon. While passing a heavy loom
portion OF his clothing caught in a
wheel which pulled him 10 the floor, and
MS head struck against the loom. Or.
Longfellow was called and took several
STITCHES In the wound after which Mr.
Woodhead went TO his home 1A Valley
street.
DON'T KNOW THE CAUSE.
About 3 o'clock yesterday afternoon an
alarm of fire was sent I'm from box 224
for fire on the roof OF the carbarn on
Gladstone avenue. The cause OF the fire
is something OF "A mystery to the officials
OF the Rhode Island company No damage
was done
FELL FROM STAGING.
While at work on the new Colwell mill
on Hartford avenue yesterday Beto Mar
Tito fell from a staging and at first was
thought to be seriously injured. He was
taken to the Rhode Island hospital, and
later was able TO go to his home, 1874
Spruce street.
GENERAL MENTION.
Patrolman j. J. Giblin OF the Chaffee
street station is on the sick list.
Patrolman Coleman OF the Chaffee
street station is enjoying his annual fur
Tough.
One drunk was registered at the Chaffee
street station this morning.
The orioles and Centredale ball teams
will meet on the Merino Flats. Saturday
afternoon.
There was nothing doing at the meeting
1f Perseverance lodge. Knights of Py-
hias, last evening.
The Robert Emmett Literary association
will meet this evening.
The news-democrat. (Providence, R.I.) 1906-1909, 1907-09-18
SCOTTISH RITE
MASONS TAKE
AUTO JOURNEY

Boston. Sept. 1s.-The Scottish Rite
Masons OF the northern jurisdiction con-
tnue their sessions today, which were be-
gun I'm Masonic hall yesterday. The DELHI
eratlons at todays session were attended
by several visiting Masons OF high rank
Jurisdictions. Among these were James
II. Richardson OF Tennessee, head OF the
southern section and John v. Ellis of
ST. John. N. b., commander OF the
Scottish rite in Canada.
Todays session was confined To that
transacted at the morning session. the
program for the afternoon being de-
voted TO an automobile ride and tour
OF the city. General Samuel c. Law
renee had invited the delegates to a
dinner at the Lawrence Light Guards
armory In Medford after the automo-
bile ride and the invitation was gem
orally accepted.
The news-democrat. (Providence, R.I.) 1906-1909, 1907-09-18

In issuing a certificate TO the Boston
and Providence interurban line, the COM
missioners state that public exigencies
demands IL for the reason that the COM
pany by comparison with others is in a
better position to make use OF II for pub
lie advantage. The future OF the other
company wishing To build a line to Prov
idence is far more uncertain and specu-
lative, its success being dependent upon
the ability of the company TO prosecute
the enterprise In other states.
Regarding the Boston. Lowell and Law
renee. the commissioners are OF the opin-
ion that the construction of the line
would interfere with important extern
sions TO the Boston elevated road. and
that the public exigency does not demand
its construction at this time.
The news-democrat. (Providence, R.I.) 1906-1909, 1907-09-18
CAPITOL GRAFT
WARRANTS ISSUE
CONTINUED from page one. )

Continued from page One.)
Pennsylvania Bronze company, organized
by Sanderson for the manufacture of the
s.. 10000 lighting fixtures.
Frank Irvine, auditor In the auditor
generals office. who audited the accounts
Of the contractors.
The men from whom warrants were is
sued include all of the Is persons and
firms mentioned by the investigation COM
mission In its report TO Gov Stuart as
involved in the capitol contracts, with the
exception OF Frank G.. Harris, former
state treasurer. and Edward B. Harden
bergh, former audtor-general, both OF
whom were members of the board OF
grounds and buildings that awarded the
Cassel contract; George G. Klein, book
keeper In Shumaker's office. and the pres
ent deputy superintendent Of grounds and
buildings, and the international Manufac-
turing and Supply company and alleged
dummy bidder against Sanderson.
The news-democrat. (Providence, R.I.) 1906-1909, 1907-09-18
UNCONTEsTED
DIVORCE CASES
HEARD TODAY

There were several uncontested petit
tions for divorce heard in the superior
court today. Presiding Justice Sweetland
heard the case of Edmond Van Bever
against Yvonne Bever. both of Woonsock-
ct Mr.. Van Bever charged his wife with
extreme cruelty. He claimed that she had
formed the unpleasant habit of throwing
knives, forks and spoons at him. He
charged that she drank more liquor than
was really good for her and that IL was
while sha was under the influence that she
engaged In mild athletic exercises. Once
she added TO the throwing OF knives
forks and spoons a bottle. 1t struck Mr..
Van Bever right over the right temple
and cut him quite badly Two witnesses
corroborated petitioner in his statements
concerning the throwing of the bottle and
other articles. Decision was given the pc
titioner on the ground of extreme cruelty.
The following cases were heard by
Judge Stearns:
Edith NJ Wilson VS. George ID. Wilson,
decision for the petitioner on the grounds
Of extreme cruelty, neglect to provide. A.
j. Gushing, counsel.
Louise b. Merrill VS.. Charles K. Merrill
Decision for the petitioner on the ground
OF extreme cruelty. A. j. Cushing, coun-
sell
Lucy G. Bouley VS. Amidos Bouley De-
csion for the petitioner. Wilful desertion
and neglect 20 provide. William T.
Champlin, counsel.
Judge Baker heard this case: Ella j.
Fiske VS. Charles f. Fiske. Decision for
petitioner on the grounds of neglect to
provide and wilful desertion. Page. Page
Il Cushing, counsel.
Uncontested petitions for divorce will be
again In order for hearing by the superior
court on Sept 30. Oct. l and Oct z. me
hearing OF divorce cases for the present
week was concluded today.
The news-democrat. (Providence, R.I.) 1906-1909, 1907-09-18
HOME REALTY
PERSONALITY SOLD

Personal property OF the Home Realty
company, consisting of painters and
plumbers supplies and building material
was auctioned off yesterday under the
supervision OF Edwin o. Chase, assignee.
by Auctioneer George II. Burnham. The
sale took place at the storehouses OF the
company, 1893 Montgomery avenue, Wash
ington Park. and on Maryland avenue.
The proceeds were about $Sl95. About 90
people were present soon after the sale
opened at 10 o'clock and the lots OF prop
erty numbering nearly 100 were bid for
fairly briskly.
Among the stuff auctioned was an auto
The railway is considering this at
cycle, which brought s3l.
The news-democrat. (Providence, R.I.) 1906-1909, 1907-09-18
HEAD OF EAGLES
COMING TO PROVIDENCE

Grand Worthy President Theodore A.
Sell of Napa, Cal. the national head %
The Fraternll order OF Eagles, Will be a
Nondav. sent 30 Arrangements Will pe
made for n big reception and banquet
which Gov. James II. Higgins, Mayor 4.
l. Mccarthy and other high dignitaries
will be invited TO attend.
president Bell is particularly prominent
N his own state as politician. and was
A candidate for governor at the last state
election there. lie may be presented 10
GOV. Higgins at the state mouse @ @ano
met i'm the evening may be preceded py
mort parade.
The news-democrat. (Providence, R.I.) 1906-1909, 1907-09-18
MISSIONARIES
OFF FOR POINTS
IN THE ORIENT

Boston, Sept. 1s.-Thirty missionaries OF
the American Baptist Missionary union
sailed for Liverpool on the steamer Wini-
fredian today. bound for stations In the
Orient. The party included many mission
aries who were newly appointed
During the past week. they have been
attending a conference OF missionaries In
this city. at which they received final in
structions as 10 their work from the re-
turning missionaries who started for
their posts with the party today
After their arrival In Liverpool most
OF them will separate, some going TO In
dia, while others have been assigned for
work in Burmah and Assam.
The news-democrat. (Providence, R.I.) 1906-1909, 1907-09-18
FOR Oven SIXTY YEARS

MRS. WINSLoW'S SOOTHING SYRUP
has been used for over 60 years by
,ihohs mum, sae',,ns o Win .helr ehildren
IL soothes the child. softens the gums,
allays all pain; cures wind collie. and
is the best remedy for diarrhoea. IL
will relieve the poor little sufferer inn
mediately. Sold by Druggists In every
part OF the world twenty-five cents
a bottle. Be sure and ask for Mrs.
winslow's Soothing syrup" and take
no other kind.
Guaranteed under the food and drugs
act. June 80, 1906. Serial number 1898.
The news-democrat. (Providence, R.I.) 1906-1909, 1907-09-18
DOG THAT BIT BOYS
HAD THE RABIES

An examination OF the head OF the dog
which bit two boys at Edgewood last
saturday afternoon revealed the fact
that the canine wis suffering from rab-
les. The dog was shot by patrolman
John Yeaw OF the Edgewood station. the
head being sent TO Brown university for
analysis.
The victims OF the dog are John VIII
son. Jr., IS Arnold avenue, Edgewood
and Benjamin Wilbour Both will prob
ably BE- given the Pasteur treatment.
The news-democrat. (Providence, R.I.) 1906-1909, 1907-09-18
CAR SERVICE STOPPED
BY BROKEN CAR

street car traffic on Washington
street was stopped this afternoon from
/ O'Clock for about a couple OF hours
a Narragansett Pier freight car az
Dorrance and Washington streets. All
Washington street cars had to be d.
verted to Westminster street and the
congestion made delays on that thor.
oughfare.
The news-democrat. (Providence, R.I.) 1906-1909, 1907-09-18
Ian Constructor Killed

Toxic. sept lS.-Naval Constructor
-s,1t1nw,rs,- and -Midshipmen Hayakiina
md Nishimura were among those IN
SANITY killed by the explosion In 10
ncn gun in a turret on the battleship
Kashima recently. Lieuts. Arita, Fuku-
nara aud Sieyo and Mdshipman kitny-
lms were among the fatally wounded
The navy department reports state that
neither the gun nor the ship Is seriously
damagea
The news-democrat. (Providence, R.I.) 1906-1909, 1907-09-18
Preliminary Injunction

decree for n preliminary Injunction
was ordered entered by Presiding JUS
tice Sweeuand OF the superior court to-
day I'm the equity cause OF John Leckney
vs.. John Adolph Leckney. ct al. Respond
ents are enjoined from selling or encum-
bering certain real estate
The news-democrat. (Providence, R.I.) 1906-1909, 1907-09-18
Sunday Dice Players Fined

John Martin. aged is. In the district
court this morning pleaded guilty 10 hav-
ing played dice on Sunday and was fined
s. and costs.
The news-democrat. (Providence, R.I.) 1906-1909, 1907-09-18
F FINANCIAL
NEW YORK STOCK MARKET

the private wire OF LEWIS II. TAPPAN
4 Co. Bankers and Brokers. Banigan
building
The news-democrat. (Providence, R.I.) 1906-1909, 1907-09-18
LIVERPOOL COTToN

Liverpool Sept. 1s.--The market opened
firm today. The demand for spot cotton
increased. steady, 5000 bales OF middlings
selling for 6.93. OF these none were Am
erican. The receipts were 1900 bales. OF
these all were American.
calling fnlIows.
The news-democrat. (Providence, R.I.) 1906-1909, 1907-09-18

FIRsT-CLASS HELP. HOTEL ANI
private families furnished at short notice,
Mrs. Hunter. 20 Arcade. Tel. 267o Cnion.
spL "a.
The news-democrat. (Providence, R.I.) 1906-1909, 1907-09-18
CHICAGO GRAIN AND WHEAT

Chicago, Sept. 1s.-The market opened
today with wheat and corn easier ten
dency.
Futures were selling as follows:
Las Vegas daily optic. [volume] (Las Vegas, N.M.) 1880-1908, 1907-02-19

The trial given the electrical pro-
cess Of treating water by the Ell
paso 4 Southwestern railroad at
Alamogordo has shown such good
results In the two weeks Of opera
ton that the railroad company has
decided TO install two other plants
at watering stations on the eastern
division Of the road. The new treat
Ing plants will be In stalled at. Pas.
tura, a station about 100 miles
north OF Alamogordo. aud the other
! one at Pintado. 2e7 miles east from
III paso. The plant at Alamogordo
was put In operation about two
weeks ago and II has been running
since. The plant has n daily out
put of $4,000 gallons and II 10 inten.
ded to increase the capacity OF 1t In
the future. II is located In the old
shops of the Southwestern which
we're abandoned when the company
moved into the new shops at III
Paso. At both Pintado and Pas.
tura buildings viii be erected to
house the plants, both OF which viii
have q capacity OF 100000 gallons a
day. The new plants will be ioca'
ted near the east terminus Of the
easterd division OF the Southwestern
at the two places mentioned which
are water stations. The water that
Ia treated by electricity at tho new
plants will be used by the engines
on the eastern end Of the line and
the engines on the Dawson line.
Las Vegas daily optic. [volume] (Las Vegas, N.M.) 1880-1908, 1907-02-19
GROWTH OF POSTAL
TELEGRAPH COMPANY
naesas System Enssety Frse ~ Dehs
And GFo&s Receipts Gre Rapaciy
ineresssns.

The reeeH annual report Of the
MArkay companies presents some
very Interesting facts 10 esaaecti0a
With tue enterprise and gro~th Of
hs Postal Teleeraph and Commercial
/ Ahles s,slem The forty year oonr
tract Il the Western IRion Telt>
graph COMPANY for exelasiv" cable
connection with Cuba has just ex
pred. ana the provisional govern
tnsa, has granted tho Maekay rom
panies a franchise. under which a
direct cable between New York and
Havana ~Il be- built and operated.
solely In the iaserenl Ut better and
quicker service,
The Mackay companies arc large
owners Of the stock Of one hundred
and two cables. telegraph and teie>
phone companies and their invest.
ments are In this field entirely
Among their. present holdings In. no
tably. stock Of the He'll Telephone
company 70 the extent OF more than
all other outside investors. Prom
the earnings OF stock In these ons
hundred and two companies. the
per cent dividends on the ninety-one
millions Of Maekay companies stock,
common and preferred. are paid. and
It's own earnings are applied to the
further purchase az valuable stocks
extension. reconstruction and re
serve. No stock Of tho Mackay com
panies has been put on the market
In the past two years. except d
: their own employees. This latte.
) policy Ia solely In the direction al
mutual or cooperative interest. with
"a view to the enhancement OF eff
cient service,
The Mackay system In entirel,
free of debt. and each annual repor
. shows rapidly increasing gross re
ceIpts and net profits.