The Detroit times., 1911-04-07

Co. for the IL months ended Dec. 81,
1910, showed gross business OF $685.
375.l50, as compared with $45,575, 1873
for the II months ended Nov. 80, 1909.
The March business of the Acme
White Lead and Color Works show an
increase OF 10 per cent over the bust
ness for the corresponding mouth last
year.
j. f. Thatcher has been appointed
Michigan representative OF the bond
department OF the Continental and
Commercial National Bank of Chica.
go, succeeding j. ID. White, who Will
represent the bank In northern Illinois
and a part OF Wisconsin. Mr.. Thatch-
er will maintain an Office In Detroit.
Milton A. McRae, the new president
of the Board OF Commerce. gave a
banquet in honor OF the retiring pres
idcnt, Abner f. Larned, in the Detroit
club, Wednesday evening. About 45
guests, ex-presidents OF the organiza-
ton, the retiring directors and those
who will take their places, were pres
ent
Attorney Walter K. Oxtoby, who APP
peared in the bankruptcy court, rep
resenting John Kay & Co.. Wednesday
afternoon, offered compromise at 80
cents on the dollar to the creditors OF
the firm, the court costs TO be paid
by the bankrupt II is stated that II
the offer is accepted the store will
eventually be able to reopen. The
liabilities Of the firm are S99,l43 A
meeting OF the creditors 10 consider
the proposal has-beeH called for
April II.
In a meeting OF the bondholders of
the Detroit Salt Co., in the offices OF
the Security Trust Co, Wednesday
afternoon, the following committee
was appointed TO investigate the con-
dition OF the company's affairs and
report: Clarence A. Black, j. ID. Stand
ish, j. NJ Mulkey, A. K. jennings.
James S. Holden and Dr. j. ID. Patter-
son. About fifty bondholders were
present and IT was the opinion OF the
majority that the affairs of the com
pany could be Strengthened out with
in short time.
The Canadian Bridge Co, Walker
Vile, is associated with the Dominion
Bridge Co, OF Montreal, In the con
struction OF bridge to cost $3.50
900, across the ST Lawrence river in
Quebec. Ii will replace the partly
constructed bridge which collapsed in
August, 1907. The new bridge is TO
be completed Dec 81, 1915 The con
tract was awarded to the st Lawrence
Bridge Co. which is a combination
OF the Dominion and Canadian Bridge
companies. The St Lawrence Co.
will build a 100000 plant near Mon
treal for the sake OF convenience,
while fulfilling the contract. The
bridge is TO be used for railway and
foot traffic.
The annual report OF the bureau OF
railway news and statistics, issued
from Chicago. shows that Transports
tion revenues for the year amounted
to S2,7S7 ,266 900, operating expenses
Sl,S47 1884, 600 and taxes SCALA. 600.
The total operating income amounted
TO $S0l 900. II is stated that the
dividends actually paid from the oper-
dtloH VI lie%Fdtttodd6 amounted 10
only $l66S2S,S74. instead Of $405,131,-
$50 as was stated in Commissioner
Lanes report The difference is ac-
counted for by dividends paid out OF
income from other sources such as
dividends and interest from subsidiary
roads. The total track operated was
1877 ,532. an increase OF $3.50 miles
over the 1910 total. The average pay
Of railroad employees has increased
from $207 per day to 1929 per day
within the past Ave years Labor re-
ceivpd ~ ner cent ~ the prosa aarn