davidaulloa/AmericanStories huggingface dataset:
The Bridgeport evening farmer., 1917-10-06
1znrly Land Grants to Railways Now
save Government s5o,ooo,ooo
a Year.

in the current issue of the Railway
Age Gazette There was a string at /
tached to the land grants in the shape
OF a proriso that troops and govern
ment property were to be granted re-
ductions in the regular rates. Not
much 1ruportance was attached to the
s<ring at the time says Mr.. Kean,
because no one imagined that the
government would be transporting I
troops and property to the extent that
II is today.'' He estimates that the
drawback in the grants win save al
Ioast 10 per cent of the total cost Of /
military transportation, and adds.
~z1At's g very conservative estimate"
In the twenty years following 1850.
Mr.. Kean points out. the, government
Granted almost los, 900, 600 acres of I
land to thirty-1ve railroads.
The great transcontinental lines re-
c1ived millions OF acres OF land |
through territory where the country |
was so sandy, sterile and desolate q |
wolf could not make a living This |
b the same country which the govern |
znent and the lines have made the
supply house for the world. There |
are two classes Of hand grant roads
now-free lines and lines over which
the government pays 50 per cent. of
x.y crayt. contafnad nroxiso read-
49,. 3sA1l .nronertv. ana troons Of the
Iro3fed states shall at ali. times be
<~ananorfed over said railroad and
~, es A. tha Cost change and ex-
<>o~re ~ tba co,rranv, These are
=, !, <-,s s,tv,ss a,,d tT,sr araE ~ veyrv
,,,,,x, sro,,s The Soutber,, pascif,c
-,,,,t -,,es, a. ~ r,a,,to Cali
!. Fc,r,SlTs tafaass55 a Aeon, 10 tja
Inry,ta2f ai,isF narlbdi,a X NJ fInf,st valIa.-
b,e ,There are also free stretches
~ Inc IN The. Missouri Pacific and the
rort lIr1and IN Arlxansaa that car,e
=, ,,J<rv handy in f,e,,rirey rates on tl,e
=, ouenoent If troons Il, fhe MEXICAN
<~r.sr~ss r., 4 - =
n ~, 49, - ,,,-ov,gzsd +ba+ ~
,,,sv,+ NO ~ bava =, ,,ss s.frea
<-,,.1 =, -. e;ssrssss .e 9,,,a, :,
~.-s,;-.,.f III ~, III 4 3 lS5yrss,,ts mi.
N 1rrfSsat5Gn " ,ns IsSsla5 w{en. Il was
t.,, .,s, 9, -
,,xvr, +S,a r,as41vav ana track ana that
,<,,.,, 7v,.~tiss incI,,5,,g +ba govsrn-
r,,,,t ,s,ss7,t o,,sr.te t,-aJ,,s ,va,- +l,a,,,j
II, !, 'es,,,,-.,,,< rse,,v-+ t.I5 +I,at thjs
100 ~ ,,t ~. -,r,,t - =, ,,v,
~. ,x,,,a~tv IA +roons. over The track
$500 f.rtts, a. own ao,,,,,x,,e,,+ hit
<1>.<t,tss5 ~ ~. +ha .ierbt, ~ "a
-.r- TX -
N NJ, q f5-r,ov,. fraa vvt,ay, +ba railurav II.
49,. -, - =, 49,, 4.
w - .,s.. S-e,asr,,, ],
= Z. sss - :
w Il IT,. = 2
- = s,[,,-a ,n,,,ent 81 the cases NJ ali
- 3 800 49,. :. - s - p,
1912 > $3.50 $500 p e. NL.la- '. 10 a.
cl& tat 7 - = oi'le n.s 80 LIS =
,ss.la ~ ~ 49, 80. !.
go 80 80 = ~; re ,.-....s- -
- II ~ IT = -. -
1913 ~ - Z. Z.
-l. hes1n $3.50 .ass a.so.a a. tsa. =
- s-..u -, s1,,
" IS
~ ra ,,e 49, - -
s17 = s...,., z. 4. .,sss. -
"n.en = nv" q. . - =. E :
seFins n ~ COS. ~ lis - =, e y,
re q1otes Ion lne tep 49, q .ne g.
1 ''sL ~ s,nn's 80 rs.,as 49,
An nn 49, - ~ - !, I,
NJ
The Bridgeport evening farmer., 1917-10-06
DELEGATES FOR It'll DISTRICT

Daniel E. Brennan, "a Washington
Terrace.
ThomasReddy. 40 Center st.
Edward Ludford. 644 Fairfield
Ave.
FOR ALDERMAN 18th DISTRICT
Lawrence T. Gallagher. Est Court
land st.
The Bridgeport evening farmer., 1917-10-06

There are now 10000 prisoners Of
war working on farms In Germany.
The Bridgeport evening farmer., 1917-10-06
DELEGATES FOR sth DIsrR1c

DELEGATES FOR sth DISTRICT
Patrick H. Brady, PHO Main ST.
John H. Coughlin, So Gem Ave.
+ Michael Dwyer. s35 North Wash
ington Ave.
BENJAMIN j. weinstein. ss2 North
Ave.
Anton j. Gelder, A Randall Ave.
FOR ALDERMAN sth DISTRICT
John A. Cornell, Jr 2o1 Whitney
Ave.
DELEGATES FOR 9th DISTRICT
Stephen Meaney. 795 Noble Ave.
Francis P. DUNCAN, 52S Brooks St.
I Michael Kavanaugh, 917 Noble
Ave.
James A. Flaherty 90 Orchard st.
Frederick Hi1singer, 529 Brooks St.
FOR ALDERMAN 9th DISTRICT
John H. Grant, 219 Berkshire Ave.
DELEGATES FOR 10th DISTRICT
William f. Russell. 584 Arctic st.
James, H Brannigan, 1O42 Penn
broke st.
Joseph f. Hart, 1O47 Pembroke st.
Frank Hearn, 1875 Beach st.
Antonio Manino, 735 East Main st.
FOR ALDERMAN 10th DISTRICT
Edward A. Drew. 81 Crescent Ave
The Bridgeport evening farmer., 1917-10-06

MUSICAL INSTR UMENT1

VIOLLNS. CELLOA Gibson Gando-
Inns. Guitars. Orpheum Banjo MAN.
doin- Everything for musicaana
Gilman Music Studio. 235 Fairfield
Ave. Tel. 1897. 'u
The Bridgeport evening farmer., 1917-10-06

Oct. ..
Ailis Chalmers 2sa
Am. Car & Fdy. SO
Am. Can AN |
Am. Locomotive so |
Am. Smelt. & Re. Co. s4ss |
Am. sng. Refg. Co. 100
Am. Tel. & Tele. 115K |
Alaska Gold 3A
Att, Gulf & W. Indies 101 u
Atch.. T. & s. Fe 96A
Anaconda Copper 10
Baldwin Loco. 61A
Baltimore & Ohio so
Bethlehem Steel 'sB'' s6A
Brooklyn Rapid Transit 58
Butte & Superior %
Canadian Pacific 100
Cen. Leather Co. 83A
Chi. M & st. Paul 81
Chi. Rk. Island & Pac. 25N
Chile Copper TN
Chino 1911
Chesapeake & Ohio SEX
Col. Fuel & Iron AN
Corn Products 30M
CrucibIe Steel TN
Cuban Cane Sugar z9H
Del. Hudson SO
Distilleries Securities 36A
Erie 2OM
Erie 1st Pfd. 31A
General Electric 1884,
Goodrich Co. Az
CT. Northern Ore 81 "
Inspiration Copper 49%
International Nickel 80
Interborough Cons. Pfd. So
Inter. Mer. Marine 27s
Inter. Mer. Marine Pfd 84N
International Paper 26A
! ~ MI -. .a. -
The Bridgeport evening farmer., 1917-10-06

DELEGATES FOR eth DISTRICT
John F. Clancy, 1914 North Ave-.
Patrick Mulloy, 405 Pequonnock st.
Frank A. Long, Is Alice st.
Robert Dunnigan, 263 James ST.
Paul Mead, 1741 Main st.
FOR ALDERMAN 9Th DISTRICT
Joseph J. Whelan, 1873 Marion st.
The Bridgeport evening farmer., 1917-10-06
NOTICE

Bridgeport Hydraulic Co.
NO. $40 MAIN STREET
Water rates for the quarter ending
October LIST, 1877. are Now DUE and
payable at the office of the Company.
No. $40 Main Street. All bills must
be paid on or before October Is, 1917.
Business hours on Saturdays from
s A. NJ. to IL M
For the accomm odation of the pub
lie the office will be kept open from
8 A. M. to s p. M. Mondays, October
1st and 9Th. 1917.
{ ALBERT E. LAvERY,
Gil ~ Secretary
The Bridgeport evening farmer., 1917-10-06
BOSTON STOCKS.

Boston 1880 p. NJ. Prices Reported
Over Private Wire to T. L
Watson q Co.
The Bridgeport evening farmer., 1917-10-06
DELEGATES FOR 5th DISTRICT

Frederick ]. schempp. s5s Wood
Ave. -
William w. Bent, 14S Poplar st.
Michael Small, 1925 Howard Ave.
Harry B. Romn, 795 Dewey st.
John Hallen, 168 Sherwood Ave.
The Bridgeport evening farmer., 1917-10-06

FRED II. BowERsoCk, u. c.
LII. b. Attorney and Counsellor az
Law in Patent and TrademaFk
Causes. Solicitor OF Patenfa MAJ
Main St.. Suite 20. Phone liz Bar.s
num- II years practices in New
York city. New York office. No.
Rector St 1sFe
The Bridgeport evening farmer., 1917-10-06

NOTES and Commercaaa
paper bought and sold. Mortgages
foreclosures stopped at once. Lester
c. Lowe. Room 4a9, Warner build-
ing. Tel. 22s Noble.
The Bridgeport evening farmer., 1917-10-06

FOR ALDERMAN 5th DISTRICT
Frederick w. Hall. SO Laurel Ave
The Bridgeport evening farmer., 1917-10-06

PATENTS-Two Horses Feed Bas.
suitable for government. Gurrin.
1877 Linen Ave. G 3 s.ps
The Bridgeport evening farmer., 1917-10-06
DELEGATES FOR and DISTRICT

DELEGATES FOR srd DISTRICT
John H. Cassidy. 4 Crowther Ave.
William M. Allen, 291 Brewster ST.
Nicholas Howath, CAB BostWick
Ave.
George Buckle. 976 Wordin Ave. '
Geza Ratzenberger. 81 Hansen Ave.
FOR ALDERMAN srd DISTRICT
Patrick Fitzpatrick, 1909 Fairfield
Ave. -
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-23
Union Bag and Paper
Earns SIG a Share
Remarkable Prosperity Fol-
lowed Reorganization OF
Company Last Year

Owing to the big rise in the price Of
paperslast year the recently reorgah'
lied Union Bag and Paper Company
was able to make profits almost as re-
markable as those of some oil the wa,
order companies. In the year endeu
January 81 last total net earnings were
So. 1872 .277, nearly eight times as much
as in the preceding year, when s363'9o'
was earned.
The annual report, which was issued
yesterday, shows a balance avaiiaoie
for dividends Of $685. 1872, equal 70
1859 a share on the capital stock, af'er
deducting ss21,763 for reduction OF
property account This compares with
A deficit Of ss4,4s0 IN 1915 and a bal
ance Of sS65,912 in 1915, in neither OF
which years was there any deduc'ioh
for property account.
NJ. B. Wallace, president, says the
year wa. the most prosperous periou
in the company's history, and rehec's
tho unusual business conditions pre-
vsiling generally throughout the coun-
try. The company is fortunate. ne
saws. in controlling a large part OF its
raw material requirements. when lac''
together with the economies and I'M
movements made during the last re"
Years, has contributed materially U
profits. ...
Practically all the improvements
Manned have been completed during
the wear, and the amount of money eX-
pended in additions and improvements
was s401,114. On account OF the un-
usual conditions in the paper industry
and the fact that the company was such
a large purchaser of paper outside oil
its own manufacture. it became neces-
sarv during the year, in order TO IN
sure it's requirements, TO ACQUIRE ne"
properties. for which $766,l9O was eN-
pended. Bonds amounting to .Sl,Ooo'..
600 were assumed in the purchase OF
the Cheboygan Paper Company.
The St. Maurice Paper Company.
Ltd. three-quarters of the stock OF
which is owned by Union Bag e. Paper,
earned in its fiscal year ended Deem
her 81 last from its pulp and lumber
operations S3O6,767. No part of these
profits were included in the Union Bag
& Paper income account.
During the year the company's capt
talization was reduced from S2E,OOO,OOO
to S10000,00O.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-23

acting huge indemnities is still fos-
tered. A recent issue of the
Cologne Gazette" gives for the first
time an estimate Of German expecta-
ton in that respect, when it says:
The extent of our claims cannot be
discussed here, but, in any case we
might we'll consider the idea that our
enemies should pay US annually for
a series Of years from 5,00O,OO0,OOO
marks (s1,25O 900, OOO) to 100000
600 marks Isl O,OOO,O00), and that
they should pay it in the first years,
while they also will be short OF
money, in raw materials, which would
render Us good service in the res
toration OF our economic system. In
the later years they would pay IN
gold for the redemption of our debt
In any case, the war indemnity is
the most pressing demand which we
shall have TO make at the conclusion
Of peace. It will carry US over the
period Of stagnation which otherwise
awaits us, and it will to a great OK
tent put upon the right shoulders the
leaden weight Of milliards Of which
the former Secretary of State for the
Treasury spoke at time when the
weight was not nearly SO oppressive
The delusion that it will be pos
sible TO exact even this modest sum
or anything at all, for that mat
ter-from the enemy is apt to prove
for Germany, If, as the
states, she is relying on it
to prevent a period of depression.
Undecided war finance, as III Eng
land, where it is clearly understood
that the war bill cannot be shifted TO
other shoulders, il much the safer.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-23
New York
Which VIII Supply Cop

COMPANIES Which VIII Supply Cop
per to Government.-Thc copper COM
panies offering to supply the govern
ment with 45,510,00O pounds of copper
at approximately 2-3 cents pound,
according to the list made public yes
terday by Bernard NJ. Baruch, of the
Advisory Commission of the Council
of National Defence, are as follows:
Anaconda Copper Mining Company
Utah Copper Company, Phelps, Dodge
& Co, Inspiration Consolidated Copper
Company, Kennecott Copper Corpora
ton, Chino Copper Company, Greene
Cananea Copper Company, Cerro de
Pasco Copper Corporation, Braden Cop
per Company, Ray Consolidated Cop
per Company, North Butte Copper Com
pany, Quincy Mining Company, VOL
VERNE Copper Mining Company, Mo-
hawk Mining Company. Utah Consoli-
dated Mining Company and the Han
cock Consolidated Mining Company.
New Stock Exchange Members.-Ed-
ward r. Whitehead and Henry B. Brit
ton have been elected members Of the
Stock Exchange.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-23
News Digest
Foreign

London, March 22.-Money was as
plentiful as ever to-day. The rate was
334 per cent. Discount rates were
quiet, at Az per cent for short and
three months bills.
The prospective competition of the
f2, 000, 100000 war loan is still affecting
gilt-edged securities on the Stock Ex-
change, and further slight recessions
occurred to-day, largely through lack
of support. Some good features were
noticeable in other sections, particu-
larlv In diamonds and gold mines, in
which the volume of supporting orders
appears TO be increasing. Rubber and
shipping shares remained firm, but Ar
gentine rails we're easy. American Sc
curities were lower. with few marx
ings in the low-priced issues.
Paris Bourse.-Paris, March y
Trading was quiet on the Bourse TO-
day. Three per cent rentes, 81 francs
so confines for cash; exchange on Lon
don, 27 francs 8212 confines; per
cent loan, SO francs 20 centimes.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-23
American Shoes for Russia

American shoes, according to COM
mercial reports, are finding an increas-
ing sale in Russia through the efforts
of various municipalities to introduce
them to the public. The City Council
of Petrograd is reported to have de-
cided on placing an order with Ameri-
can manufacturers for 10000 pairs OF
shoes, with a view to selling them TO
retailers in that city. In Moscow.
where American made footwear was put
on sale last autumn, the impression
made is said 10 be favorable.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-23
Lack of Funds
Stops Work on
Chinese Railways
100000 Needed for
Construction Contemplated
by American Interests

VIZ. Carey, president of the Stems
Carey Railway Canal Company
which is undertaking the construction
work of some seven hundred miles oil
railroad lines and the improvement OF
the Grand Canal in China, the financing
arrangements for which arc in the
hands of the American International
Corporation, has returned to New YORK
from Peking.
In view of the complicated interna-
tional situation, it Is impossible, Mt
Carey said, to state when funds will be
available to begin the construction OF
the proposed lines. The amount needed
to complete the railroad work in emma
Immediately contemplated by the in
terests which Mr.. Carey represents IS
approximately s35, 100000, or $4,000 a
mile. The American International
Corporation expects to float loan IN
New York to cover this cost as soon
as conditions will permit.
Survey parties have now been or
ganized," said Mr.. Carey, land three
arc at work on the line from Chinchou,
a point on the Canton Hankow line, and
running westward for distance OF
about four hundred miles. These sur
vey parties are in charge OF American
engineers, George A. Kyle being chief
engineer in charge Of construction. A
large number of young Chinese engi-
neers, many Of whom are graduates
of American universities and technical
schools, are employed. T. c. Sun,
graduate of Cornell University, is the
director general in charge Of these
lines.
"The construction of the line last
mentioned will probably be undertaken
first This road runs over densely
populated country, the products oil
which have now no outlet. This outlet
will be secured by connecting up with
the Peking-Hankow line, from which
goods will go down to the Ysng-tse
River and thence to the sea"
Asked regarding cooperation with the
Japanese I'm connection with the i'm
provement of the Grand Canal, Mr..
Carey stated an attempt had been made
TO clothe this with political signiil-
canoe because Of the questions which
the Japanese government had asked re-
garding the American contract for the
work on the section in the Province
of Shantung.
Mr.. Carey said this was business
matter pure and simple, and he thought
the simultaneous issue Of securities IN
New York and Toxic would facilitate
financing.
"In China" he added, "where a num-
Der Of foreign interests have already
been established, it is essential TO the
success OF any business undertaking
that friendly relations should be main
tanned with those interests and diplo-
matte controversies avoided"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-23
Money and Credit

The money market yesterday was
quieter. Rates as a rule remained I'M
altered. Loans based on industrial Sc
curities as collateral continue In favor
with borrowers in the time market.
Banks were willing 70 extend sccommo-
dation yesterday for four, FIVE and six
months at 4 to AZ per cent according
to the character OF the collateral
Money can be borrowed on a mixture
of railway and industrial securities at
81 to 4 per cent, depending on the
date Of maturity.
No signs appear Of any diminution
in the supply Of call money. Hester-
day the ruling rate was pa per cent,
compared with the day before. The
call money crowd was less active.
Ruling rates on money yesterday,
compared with a year ago, were as fol-
lows:
Yesterday. Year ego
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-23

About the only change Of importance
was a fresh decline in the rate on ITALY,
lire going to $50 to the dollar, COM
pared with IA the day before. Russian
rubles held firm at 1855 cents, while
demand sterling ruled q shade higher
at s4.75h.
Closing rates yesterday, compared
with a week ago, were as follows:
Week
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-23

Elsewhere in Europe the proper
ton Of the wars cost paid by taxa
ton has been insignificant. In Ger
many, particularly, taxation has
been avoided % as great an extent
as possible. That may be due In
part 10 the fact that the hope Of ex-
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-23

The British government has pro
vided a greater proportion of its war
expenditure out of taxes than any Of
the other belligerents. The amount
raised by taxation in the fiscal year
which ends with the last day Of this
month will, it is estimated, be in the
neighborhood of $1,000, 600, 900. That
is an increase compared with the last
year Of peace of about 81 500, 100000.
The increase for the entire period
from August 1, 1914, to March 81,
1917, will be approximately $2,7Oo,-
100000, which may be taken as rep
resenting the net amount raised
by taxes toward defraying the cost
Of war. Great Britain has borrowed
about S19,5OO,OOO,000 for war pur-
noses. Contrasted with this huge
sum, the part played by taxation IN
war finance does not appear to be
imposing. The tax revenue equals
less than IA per cent of the war Dor
rowing and under 13 per cent of the
total cost of the war to Britain. In
the Napoleonic and Crimean wars
AZ per cent of the cost was paid out
of taxes. When it is considered that
interest on the British war debt will
soon be in the neighborhood of a
billion dollars a year, the necessity of
a further increase in taxation is ap-
parent.
The best opinion in England ia
vors the adoption Of a more extern
sive tax programme. "The London
Economist" for example, in its issue
Of March 8, says:
II will be disastrous TO our f.
nance if the great success of the loan
encourages the Chancellor to con-
tinue along the primrose path OF
borrowing and 20 neglect the
soundcr method Of paying for war
by taxation. The loan has shown
him how great our financial re-
sources are if they are husbanded.
The way 70 husband them, so that
we can 20 on with the war for years
if necessary, is 20 take more OF
peoples money and borrow less OF
IL, 80 that consumption may be forci-
bly, reduced, and all the nations en-
ergy may be devoted 10 the war and
TO financing it abroad by exports.
II this can be done, and If the very
much overdue supervision Of gov
eminent spending can be made CT
fcctive, VIC can 20 on with the war
"tN further notice" and we shall!
emerge from it with much less Sc
rious fiscal problems to face.
"The Economist" points out that
il is much easier 10 raise taxes in
war time than in peace, and it may,
moreover, be beneficial, especially as
it is necessary TO check the extrava-
gance Of those who do not heed the
appeal made on patriotic grounds.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-23
OFFICE Or "a.
,irrini,-Carolins Chemieh, %

Richmond. Va MAT
DIVIDEND 40. ~. vlr,1
.. - ne p0s chemical COMPANY have ,.tt,, u, g
S denS OF g per share 40 on y. ~,
stock S Of this company Psy'S q ~.
April Is. 1917. 20 stocAt so.,sn,sy. wS' "
The close OF business on s~'u'D'"
1917. IA, "a Ne closet -.
:. W TRANEhS'
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-23
DIVIDEND NOTICES
INSPIRATION cnSsOLIpATEDcOflpGl

The Directors have this day .S ~ y
dividend OF g. 00 PER share - ~, n ~
dav. April 80. 1917. 20 siocsho'', ,r,i 3 =.
an 3 100 o'clock + n. THURSDAY, f,sm ss''
stock Transfer Books close I reoo,s J
p. ~. THURSDAY Apfh p, ~.
o'clock \. NJ, TUESDAY A9grsN rrssssrr
New York y. s. March % III ~
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-23
Relevant Facts

Lee Rubber and Tire. retiring
board of directors was reelected at
Yesterdays annual meeting. John j.
Watson, IT., vice-president Of the COM
pany, presiding, said in answer to an
inquiry by stakeholder that the pres
ent output of the company was run
ming at the rate Of 10000 tires per
month. This would mean an annual
output Of between $4,000 and 100000
tires in the current year, compared
with 225.0O0 in 1916. In answer 70
further inquiries, Mr. Watson told the
stockholders that he felt the policy OF
the board of directors should be to ac-
emulate a substantial surplus account
before resuming the payment OF dlyi-
dends
Sloss- Sheffield Steel and Iron.-The
company reports for the quarter ended
February 28 last net operating profits
amounting to 734,498. Surplus, after
deducting $4,000 bond interest, S24,-
600 accrued taxes and sl17,250 pre-
ferred dividend. amounts to s54O,74s,
equivalent to S540 share on the com
mon stock for the quarter. The COM
pany has temporarily withdrawn from
the market as seller of pig iron.
kennecott Copper Note Issue.-ln
connection with the purchase of an ad-
ditional 100000 shares of Utah Copper
stock. the Kennecott Copper Corpora
ton has sold to J. p. Morgan e. Co.
100000 two-year 6 per cent notes,
"a. 600. 900 maturing each six months
during the life of the loan. The re-
naming s4,0O0,000 that was paid for
the stock was provided from the Ken
necott company's surplus earnings.
Djstillers' Securities.-Directors yes
terday declared an annual dividend OF
per cent, compared with the per
cent rate that has been paid since May
II, 1916. No previous dividends had
been paid since October 81, 1912. 1t
was announced that "if conditions war
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-23
OFFICE or Co.

Richmond. Va Mss 80. vf,.,'.
The Thu Bo cSsm S' CONTAIN have a.: ~,
s sssl.Fei .of IL iSI being piy iossanS
May 'H i. iSis 70 sicsksS hold, q III
c'9s se o. transfer books WI %, = rsssS
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-23

rant" extra dividends will be declared
from time to time. A statement was
issued By the board to the effect tna'
I. would be the policy of the manage
ment TO continue to purchase from
time 10 time the outstanding bonds OF
the company to the extent which the
net earnings and the surplus OIL the
company will Justify.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-23
,urprc,> 1ncnMorIyE ooI,MM

80 church s.. New YORK, nn's .rs ~
\ quarterly dividend Of on y.o, ne p
quarters per cent OA,sl ug.,,e u
ferred capital stock Of me LIKED a.sl.r,d -
motive Company has been ~. Prefer
bile on April n. 1917 20 ' nlo.s :! -
stockholders OK record 81 tns ..,sssd ess'
ness on April 3. 1917. D AZ
will be mailed on April ~, -. snt =
A quarterly dividend o. anon tbs q
quarter per cent q ~ coupsrJ
b %Sn S fsR,,S,d ' payable on April ~
c chs CS OF business .S on March 9, ~.
S S.osg o y, Mi he nailed on APT.
" SPENCER ROBERTSON