The Detroit times., 1910-12-21

He'd o>0t>f<ion In Bankruptcy, giving
\ Ne nDoo<o a. SIS worth Of clothing,
and HE, ltabiIities.. 1927.
N &1s4, t>s.s 4------ 90.
The directors of the Michigan Cen
trial and the Lake Shore roads de-
dared semi-annual dividends at their
meetings In New York, Wednesday.
+ The regular rate on each stock, per
cent OF Michigan Central and per
4 cent on Lake Shore, was declared.
Employees OF the Detroit Insulated
Wire Co., who have been with the
concern for q year. will receive cash
\ bonuses as a Christmas gift on Satur-
day. Men working by the hour will
receive 2 per cent OF their years
wages and men on monthly salary
will receive l per cent
/ Judge Swan has sustained a de-
nurrer and dismissed the case OF the
A. ]. Phillips &C., Michigan cor
poration. against the Grand Trunk
Western, Detroit. Grand Haven d
Milwaukee and Illinois Central rail-
ways. for rebate on excessive
freight charges. He decided that the
United States circuit court has no
jurisdiction, the matter being up to
the interstate commerce commits
sion.
The first general meeting OF traffic
managers and others interested In
shipping will be held in the rooms OF
the Board OF Commerce, Wednesday
evening, under the auspices of the
newly organized transportation
bureau of that body. The meeting will
be called at 1880. The main topic 10
be taken up by this meeting is the Pc
tition before the interstate commerce
commission for the adjustment OF de.
murrage charges.
Directors of the Lozier Motor Co.
have elected officers as follows: Presi-
dent, Henry A. LoZier; vice-presidents,
Gilbert w. Lee and Fred c. Chandler;
treasurer. Charles Fl. Hodges; assist
ant treasurers, Samuel Regar and
Henry II. Sanger; secretary, Cyrus K.
IIothrop. The executive committee
which was reelected is composed of:
George G. Booth, Charles II. Hodges,
Lewis H. Jones, Gilbert w. Lee. Cyrus
e. Lothrop, Charles b. Warren and
Henry A. Lozier.
The Union Trust Co. on Tuesday
fled its annual report as receiver
for the City Savings bank for the
year ending Dec. 1, in the state
banking department. Details Of the
report will not be published until it
has been reviewed by the banking
commissioner. The estate Of the de-
funct institution is in practically
the same condition as II was last
year. rs the suits which are pending
against the First National bank have
not yet been settled.
The United States Steel Corpora
ton will distribute s2.700,000 to the
officers and employees of the trust and
its subsidiaries based on their earn
ings. The bonus will be paid 60 per
cent In common stock at $40 per share
and 40 per cent in cash. Last year
It was 40 per cent in common stock
at $50 and so per cent in cash. The
opportunity will be given 10 all en-
ployes to subscribe for preferred
stock at STA or common stock at $40.
Last year the same opportunity was
given but the prices were higher.
The board of directors of the De-
troit Trust Co. met for organization,
Tuesday afternoon, and reelected the
officers who have served this year
They are as follows: President, Alex
ander McPherson; vice-presidents.
Edward H., Butler and Sidney T. Mill
err Arthur II. Bull was elected TO
I'LL the vacancy on the executive conf
mittee caused by the death OF James
N. Wright The other members OF the
board reelected are: Alexander Nc
Pherson, Edward II. Butler Sidney,
T. Miller, Elisha II. Finn. Henry +.
Baldwin, George Peck, James Z. Dan
aher and Frank w. Eddy.
MirLtNAM pnQTMACTERS