The Detroit times., 1911-05-23

holders OF the Mexican Crude Rubber
Co., called for Monday morning In the
company officers In the Penobscot
building was postponed for one week
on account OF lack Of quorum. In the
meeting next Monday the reports for
the year will be presented and II Is
expected that very satisfactory
showing will be made.
The Credit Mems association OF
Detroit will hold its monthly meeting
tonight at $3.50 o'clock, In the Elliott
Taylor wooifenden Co.'S cafe. Chas.
A. Hughes, of the ]. Walter Thomp
son company, will entertain the imam.
cial men with his lecture on Africa,
illustrated with moving pictures and
lantern slides. Covers will be laid
for 200.
The annual convention OF the Amer
lean Iron, Steel and Heavy Hardware
association will open Wednesday
morning In the Hotel Pontchartrain.
and wholesalers and manufacturers In
these lines are already beginning to
arrive. About 200 are expected. The
convention will last three days, clos
ing with banquet Thursday evening.
Charles M. Roehm, OF Roehm q Dayi-
son, Is the local committeeman. z. +.
Kimbali, OF Chicago, Is president or
the association, and Frank Durrie, or
Chicago, Is secretary.
The glee club organized to furnish
the music for the Board Of Commerce
cruise was entertained at dinner In
tho Detroit Boat club. Monday even
ing, by the cruise committee, and
plans were laid for getaway DAY. June
Ia. There will be a parade. two bands
end a minute gun to let Detroit know
that the business men are starting on
their annual trip. and wnen the City
OF Cleveland pulls out at o'clock al
the factory and boat whistles on both
sides OF the river will be turned loose.
Arrangements have been made for the
reception of the party In the northern
cities by w. r. Orr, who reports that
the official keys will be delivered over
to the Detroit guests at every point
they visit.
In a special meeting called, Mon
day, the stockholders Of the PENN
sular Savings bank Endorsed the plan
of increasing the capitalization sub
mitted by the board Of directors. The
capital OF the institution will be In
creased from $500, 900 to 100000. or
the increased capital 100000 will be
distributed to the stockholders out OF
the surplus Of the bank In the form
Of stock dividend and the remain.
ing 100000 will be sold to them in
proportion to their present holdings
at $3.50 1t Is understood that arrange
ments have been made for the pres
emit stockholders to take up the en-
tire issue. The stockholders also vot-
ed to change the name OF the insti
tuition 10 the Pehinsuiar State BANK,
to Indicate the broader character and
scope of its business.
In q conference of the manufacture
ing department Of the United States
company, Monday, II was decided that
the concern will manufacture $1,000
cars this year. 1T will tax the ca
pacity Of our factories" said President
Benjamin Briscoe, ito make all the
cars Of our various lines that have
been ordered this year." Besides
President. Briscoe the conference in
cluded: Frank Briscoe. vice-president
In charge Of the Detroit factories;
j. w. Wellington, vice-president in
charge Of production; Alfred Reeves,
sales manager; A. /. Mcleod. central
supervisor; o. J. milford, president Of
the Gray Motor Co.; c. 8. Briggs.
general manager of the Brush Run
about Co., and Morris Grabowsky,
general manager. and p. II. Breed.
chief engineer of the Alden-Sampson