davidaulloa/AmericanStories huggingface dataset:
The sun., 1918-12-31

Announcement of the price at which
employees OF the Steel Corporation will
be offered subscription TO common stock
Is expected after the meeting OF the
finance committee to be held this after
noon No official assurance Of this was
given yesterday. but it was pointed out
that 1t has been the custom of the conf
parry for several years TO make the an
rual announcement of the price at the
close of the year or very shortly after
the beginning OF n new year 1t was
apparent to some that a slight mtsappre-
hehsion had been Spreading throughout
the speculative community as to the
method whereby the price was set The
company always offers the stock to its
employees two points below the prevail
ing market price at the time the decision
az to price is reached and the number
OF shares available for subscription is
anr ounced. That price remains the sub
ScIiption price no matter whether Steel
common advances or declines in the
market. Another point on which certain
commentators did not seem clear was
that eventually the price to the subscrib-
ing employee Is reduced materially
through the bonus OF IS a share he re-
celves annually provided he retains the
stock for five years Thus those en-
plcyees who subscribed TO the stock at
81 several years ago have received In
addition TO the regular and extra divi-
dends two bonuses on their shares. bring
ing their total return in that period we'll
over $40 per share.
The sun., 1918-12-31
One Million share Day,

Yesterday was the first million share
day since November IL. And another
new high record In bond sales on the
stock Exchange was established, the
total sales amounting TO $47,143.0 900
At the same time the money pool. for the
first time In several weeks. was called upon
to meet the demand In the money mar
ket forced by the calling of loans by In
terror banks endeavoring to build up
their reserves for the year end The
local banks took no noticeable part in
the calling. but the drain made upon the
financial community by out Of town in
situations made 1t imperative for the
money pool. dissolution OF which. by the
way. had beep phophesed for January,
To furnish funds enough to permit main
tanning the rate on call funds at per
cent, as quoted yesterday. The money
pool, which was asked by the Treasury
TO extend Its activities beyond January
10 loaned about $4,000. 900 The last
occasion on which the money pool was
brought into the situation was during
September and October, when the rate
was held at 6 per cent Call money de-
clined through last month and reached
its low of 80 per cent. on December 90,
abruptly rising December 26 TO the
maximum rate. In the interim It had at
nfrequent periods been quoted at per
cent. No one in the financial community
yesterday was prepared 10 say just what
.>art he thought the calling OF loans by
outside banks had to do with the liquida =
ton that accompanied the heavy bust
ness, but it appeared evident TO some
from the frmness at the close that the
aid OF the money pool had been at least
timely for those who had previously sold
in view OF the year end movement of
money.
The sun., 1918-12-31
What Committee Has Done.

The money committee has been In OPP
Grafton for nearly two years. At the
first sign last summer that the specu-
iative tide was turning and that much
security market activity might be antiCi-
pated the committee issued n warning
against undue speculation. The warning
had little effect, and despite repeated et-
forts to avoid definite restrictive action
a considerable expansion In the loans
for stock exchange purposes took place.
Late in the fall, the warnings having
no effect. the money committee decided
10 Increase the mar. in on loans for Stock
Exchange purposes and to force houses
which had expanded their loans unduly
to get them back to the figure of Sep
tember 16. The restrictive action
aroused slrore of d'r a'. 1T the
money committee took the brunt of the
criticism and WOULD not disclose whether
therorders came from the Treasury De-
partment or not.
When trading Quoted down and the
equations were complied with to a
.reat extent the money committee, at
&c request of the Stock Exchange COM
ittee of five, restored the 20 per cent.
margin on loans for Stock Exchange
purposes, and recently permitted the
Stock Exchange authorities TO exercise
direct control to prevent expansion in
loans.
Since last october or early November
activity in the Stock Exchange has been
on moderate scale, but renewed acttv-
ity took place Saturday. and yesterday
not only was there a million share day,
but no less than s47,O00,000 In bonds
changed hands The large business yes
terday, however. it was said. brought
little expansion in loans. because most OF
the active stocks suffered net losses, and
the transactions meant a shifting of
loans from one set of sellers to new
buyers
The sun., 1918-12-31

The vast portion Of the record bond
sales Of yesterday was in Liberty bonds.
Selling came chiefly from holders of
large blocks of the bonds and the pres
sure of such liquidation carried the
Fourth 4l.s down to %, where a lot of
more than 100000 changed hands.
Public interest on the part Of small hold
ers had dwindled perceptibly since last
week. when publicity was given to the
methods OF some cash buyers OF the
$50 and 800 bonds. 1t was taken in
the financial community as an evidence
of the belief of men In charge of big
business that 1t was wiser 70 have the
cash on hand In this transition period
than to retain the bonds for which pa
triotism furnished the reason for sub
scripuon. With Liberty bonds at such
low prices. savings banks and other in
sttutions 10 which safe investments
were necessity, have found the de-
cline in the Government war issues
much to their advantage. and have had
orders In under the market for several
days.
The sun., 1918-12-31
GOSSIP or WALL STREET.
Selling for Tax Deductions.

Much of yesterdays business was at
tributed to selling to establish losses for
tax deductions, and buying back imme-
diately, giving the market a queer ap-
pearance of firmness in the face OF liqui-
dalton. II was the opinion OF careful
judges OF speculation that the usual
significance attached 10 a great volume
of trading with regard to coming
move was lacking. II was said that I'M
doubtedly taxation selling had a large
part In the days operations However
that may be. yesterday was the last day
In which case selling could be done. be-
cause the settlement of trade contracts
to-day will be made after the close of
the year. But 1t was pointed out that
those who sold for that purpose did so
without any definite knowledge as to
how the new revenue bill will regard
such sales There is legal opinion. IL
was said that there may be difficulties
for those who sold and Immediately re-
purchased. The extent OF the loss al
lowed on such operations, 1t was argued.
might well be limited TO the commissions
and the actual difference between the
sale and purchase prices, and the sugges-
ton was offered that the man who had
thus operated might hear six months or
two years from now on the subject from
the internal revenue officers.
The sun., 1918-12-31
COTTON BREAKS AT CLOSE.
Prices Drop 60 to 1O0 Points After
..s EARLY Rise.

An early advance in the cotton mar
ket. yesterday was followed by a sharp
break under liquidation and scattering
selling accompanied by talk of increased
lodging. January contracts sold off
from 3o.45 to 1890. against 1895 at the
closo last week and 2S.9s the low point
of Saturday. The general list closed
barely steady at u net decline of IS to
105 points
THO market opened firm at an adj
vance OF ~ to 80 points and sold about
40 to 80 points net higher during the
early trading This was due TO a con-
tinuation OF the buying movement which
had benin progress at the close of last
week and fresh buying encouraged by
Liverpool firmness and ro'Norts of an i'm
proving tone in the goods market. There
seemed 10 be considerable trade accom-
panied by reports that some yarn orders
cancelled after the signing of the armi-
stice were being reinstated Tho advance
met a good deal Of realizing, and there
was probably selling for n reaction on
reports that low grade cotton was selling
at prices In some sections of Texas that
would permit of shipments here for de-
livery were transportation available
I For a time those offerings were absorbed
\ at reactions OF about 80 to 80 points,
but the selling became more active dur
ling tho late trading and closing prices
were at the low point OF the day. The
Selling here by houses with New Orleans
connections contributed 20 the late de-
cline ana led 10 Tumors OF increased
,tppt offerings from the interior.
The sun., 1918-12-31

Despite the reservations of certain in
terests allied with the Pittsburg and
West Virginia Railway that no consid-
Grafton had been given the segregation
OF the roads coal properties the buying
yesterday in the stock Of that road was
based on the belief in reliable quarters
that the separation OF the two prop
critics was actually under Amusement
The latter interests were informed that
the management Of the road was merely
waiting upon the Railroad Administra-
ton for a general decision on that point
before announcing what conclusions they
had reached with regard to distributing
the stock of the coal company In the
roads treasury to the railway share
holders. What It would mean to Pitts
burg and West Virginia Railway share
holders were the distribution 10 take
place is patent in the fact that the coal
property is said to he providing nearly
three times the preferred dividend re-
guirvments " The railway company.
The sun., 1918-12-31
Guaranty Tru.t Change.

John A. Terrace. assistant manager
OF the Guaranty Trust Company. has
been appointed manager OF the foreign
department: Harry Lawton. assistant
treasurer of the company. has been APP
pointed manager of the overseas 49,
vice Alexander Phillips. manager Of
the Paris office. has been sent on a
special mission TO Belgium with Vice
President John j. Lewis to organize a
new branch OF the company in Brussels.
After the completion of his mission Mr.
Phillips will join the home Office of the
company in New York, G. Hebmann,
sub-manager OF the Paris office, will
become manager and Edward de Lima,
secretary. will become assistant mana
ger at Paris. J. h. Avegno will he
acting secretary OF the Paris Office pend
ing the return OF w. G. Wendell. the
former secretary. from military service.
1t was announced also that J. Lowry
Dale has been appointed an assistant
treasurer of the company at the Fifth
avenue Office and Robert A. Bould an
assistant sales manager in the bond de-
partment
The sun., 1918-12-31
10 THE HOLDERS OF
MEXICAN NORTHERN RAILWAY co.
First Mortgage SO Bonds.
sinking Fund NotIce

Notice is hereby given as provided IN
Article II OF the mortgage Of the Mexican
northern Railway Company to the state
that PROPOSALS will be received by The
undersigned at its once. 40 Broadway.
New York City. up to ten O'Clock A. NJ.
Tuesday, January 7, 1919, for tho sale to
1t as trustee, at the lowest price at which
such bonds shall be offered not exceeding
los and accrued interest Of sufficient OF The
above bonds to exhaust the sum Of $l4.
i45 81; delivery 10 be made January :. 1879.
Proposals should be sealed and indnr-rd
"Ohers OF Mexican Northern Railway Com
pany Bonds for the sinking Fund" and al b.
dr. ssei to the TRUST DEPARTMENT..
the Trustee reserves tho riSht to reject
any or all offers, in whol" or IN part.
GUARANTY TRUST COMPANY OF NEW
YORK, Successor Trustee
Py CHARLES H. SABIN, President.
December -, 1915.
The sun., 1918-12-31
TEXAS POWER n LIGHT COMPANY
Notice Of Redemption OF Two-Senr six

Of the Two-Near Sin Per Cent Secured
Gold Notes of TENAS POWER x LIGHT
COMPANY outstanding under the Agree
ment between Texas Power & Light COM
pany and Bankers Trust Company. as
Trustee. dated August -, 19l7, have been
called for redemption on JHnufry {. 1919,
and Will he redeemed on thai date at the
ONCE OF Bankers Trust Company, 1t Wall
Street, New York CITY, in accordance With
the terms thereof at 1909 and interest
accrued to Janunry 6. 1919.
Federal Income Tax ownership Cert'n-
Gates covering the amount Of accrued in
terest should accompany the notes when
presented for redemption
Dated at New York, December 10. 'glS.
TEXAS POWER & LIGHT COMPANY.
BY +. W. HILL, Vice President.
The sun., 1918-12-31
To the Holders of stock Trust Certificates
for Preferred stock of the
INTER y ATIONAI MERCANTILE
MARINE COMPANY

Notice is hereby given to holders ~ out
standing stock trust certificates for Pre-
ferred Stock Of the International Mcrcan-
tile Marine Company to present their Ger
tifcatcs at the Agency of the Voting
Trustees. II Newark street Hob0kcn, y
j.. to hc exchanged for dchnitlve stock Of
the company.
Pursuant u the foregoing notice the un-
deTsigncd. as Agents Tor tn" Voting Trus-
tees, viii be prepared, on and after Fehru-
airy list 1919, TO distribute the dividend 81
SO to holders Of Preferred Stock issued
IN exchange fnr stock Trust Certificates
THE SEW YORK TRUST GO.
For Voting Trustees.
Sew York, December ~, 1918.
The sun., 1918-12-31

about the low levels OF the day Steel
common moved within narrow limits
closing at 9ias, a loss of g. Conner
and equipment shares werc in supply
selling OFF from fraction TO more than
n point except Car and Foundry in the
latter group, which closed at slight adj
vance.
The sun., 1918-12-31

Alabama Power Company First so
Gold Notes.
Albert Lea, MINI, Permanent I'm
provement AIS.
Albert Lea, Mimi, Refunding A.
Albuquerque, N. Mex, Bid. Of Educ.
School Bldg. as.
Albuquerque, IN. Mex, Funding S.
Albuquerque, N. Mex, General
Street Imp. SIS.
Arlington Heights, Illinois, School
Building SIS.
Belvidere, Illinois, School District
No. 81 S..
Benton. ILL.,. Refunding AS.
Berryville, Va, Water Works So.
Big Rapids, Mich, Refunding Is.
Billings, Montana, School District
No. 2 415s.
Billings, Mont, City Hall AS.
Boulder, Colo, Water Works AVS.
Bozeman, Mont, Funding Is.
Broedwater County, Mont, Fund
ing Is.
Burlington, Iowa.
Carbondalc. ILL.,, School District
No. o5 SIS.
Cascade County, Mont, Court House
Is.
Cascade County, Mont, 3I5s.
Cascade County, Mont, Funding Is.
Cascade County, Mont, Ref. SIS.
Cass County, Iowa, 412s.
Centerville, Iowa, Refunding So.
Centerville, Iowa, Refunding Is.
Charlton, Iowa, Funding S. and
Bonds.
Chicago Heights, ILL.,, S. D. No. 10.
Clifton Forge, Va, Bridge SIS.
Chippewa Val. Ry.. 1t. g. Pr. Co.,
Eau Claire, Wis, LIST Mtge. S.
Colo. Spgs., Colo, School Dist. No.
IL Refund. SIS, FL Paso County.
Consumers Power Co. LIST Lien q
Refunding Gold SIS.
Consumers Power Company 81 Gold
Notes
Cook County. H.. School Dist. No
SO Morton Park AIS.
Cook County. ILL.,, School Dist. No.
40 Chicago Hts d.
Council Bluffs, Ia. Independent
School District 413s.
Cuthbert, Ga, Electric Light g.
Danville st. Ry. & 1t. Co., Dsnville,
Ill Ref. Mtge. SIS.
Denison & Sherman (Texas) Ry. Co.
lst Mtge. Gold SIS.
Derry, N. H.. Water 3I5s-
Des MONIES City Ry. Co. General q
Refunding SIS.
Dexter. Mo. School Dist. School
Building 412s.
Dickey Country, N. D., 4Hs-
Edison Elec. Co. New Orleans, La,
LIST Mtge. SIS.
Emincnce, KY, SO Street Improve
mcnt.
Eugene, Oregon, School Dist. No. 4
LANE County, SIS.
Florence, S. c.. Sewer SIS.
Ford County, Ill. S. D.. No. So SIS.
Fort Dodge, Iowa. W. w. 419s.
Freeport Water County. ILL.,, SIS.
Gallatin County, Mont, High School
Building Is.
Gallatin County, Mont. Ref. Is.
Genesee, Idaho. Water Works S..
Genesee Township, H., High School
District 4l2s.
Glencoe, ILL.,, Improvement rs and
Bonds.
Granite, Utah, School Dist AIS.
Glcnwood, Iowa, Funding S.
Gorham. N. H., Water As.
Great Falls, Mont, Sewer S..
Green Bay, Wis, Refunding Is
Green Bay, Wis, Sewer Is.
Greenville. H., Refunding S. and
Bonds.
Hanblen County, Tenn, Highway S.
Hickman County, Tenn.
Hill County, Mont, Funding So.
Hill County, Mont, Court House
g. Jail SIS.
Helena, Montana, Judgment Fund
ing" Is.
| Hudson. Iowa, Consolidated s. D. SIS
Humphrey County. Tenn, Road 8
Bridge SIS.
Huntington, w. Va. 6s.
Hyattsville, Md. Sewerage SIS.
Intcrurban Ry. Co. Debenturc Ode
MONIES. la os.
ABOVE COUPONS
Harris, Forbes g. Co,
Harris Trust n Sayinc
The sun., 1918-12-31
CONSOLIDATED EXCHANGE.

Ntt losses from fraction TO more
than n point were recorded at the close
of an active market Yesterday on the
Consolidated Exchange. The market
throughout the session-was irregular in
movement. with a nervous and unsettled
uudcrtone, priCcs~-4t. the close were
The sun., 1918-12-31
Coupons Maturing January I, 1sls Payable al the Offices Of
Harris, Forbes & Co
Pine Street, Corner William, New York

Flrst ContinuedJ
Idaho Falls, Idaho. SIS.
Iowa Falls, Ia. Refunding IS.
Joliet, ILL.,, High School.
Knoxville. Iowa, Judgment Funding
AIS.
Knoxville, Tenn, Street Improve
ment SIS.
Kossuth County, Ia, Bridge 415s.
La Sale, ILL.,, S. d. No. 2 312s.
Lincoln County, Mont. Fdg. SIS.
Lincoln Tel. g. Tel. Co. LIST Mtge SIS.
Manson, Ia, Refunding 6s.
Marion, ILL.,, and Bonds.
Marshalltown, Ia, Refunding IS.
Marion County, Iowa.
Monmouth, Ill, Water Works SIS.
Montreal Tramways Co. LIST g. Ref.
SIS.
Morristown, Tenn, Water Works
improvement SIS.
Mount Airy, N. c., Water Supply,
FL. 1t. g. Pr. Plant S..
Moweaqua, ILL.,, School Bldg.
Muscatine, Ia, Ind. S. D. AIS.
Muslcegon. Mich, Gen. Street I'm
provcment Is. 49,
Musleegon, Mich, Refunding AIS.
Mus<egon, Mich, Refunding SIS.
Muskegon, Mich, Lake Michigan
Water Works 4s.
New Orleans, La, AIS.
Norman County. MINI, District
No. 81 IS.
Oklahoma Ry. First Mtge. SIS
Olympia. Wash. Water Works SIS.
Owosso, Mich, Water Works SIS.
Pendleton. Oregon, Water Works
Q9l3) SIS.
Pendleton, Oregon, Water WorSa
(9l4) IS.
Pierson, Iowa, School District SIS,
Plum Bayou, Ark, Lcvee District 6s.
Pontiac Township, 7u. 6. D. High
School Bldg.
Portland Gen. Elec. Co. Portland,
Ore, LIST Mtge. Gold SIS.
Redwood Falls, Mimi, Refunding SIS.
Riverside, ILL.,, School District No. S
413s.
Riverside, Ill, Water Works 4 IS.
Rosebud County, Mont, Bridge 4 rs.
St. Joseph. Mich. Bridge 412s.
Scranton FL. Co., Scranton, Pa, LIST
g. Ref. Mtge. Gold SIS.
oCudlld, N1O', oSllOOi Afiol' ONuOOl
Building Is.
Sheridan County, Mont, Funding
512s.
Southern Cal. Ed Co. Refunding SIS.
Southern Cal. Ed. Co. General g.
Rcfunding Mtgc. 6s.
Spartanburg County, S. c., County
Refunding 412s.
Sumter, S. c., Sewerage SIS.
Tacoma Eastern r. r. Co. (Wash.)
LIST Mtge. Gold SIS.
Taylorville, Ill. Twp. High School
District Alps.
Thornburg. Ia, Cons. Ind. S. d. 4 IS.
Texas Elcc. Co. LIST b Ref. IS.
Upton County. Tenn, School SIS.
Tullahoma, Tenn, Flee, Light 4l2s.
Tullahoma. Tenn, Water g. Light SIS.
Tullahoma. Tenn, Water Works
4l2s.
Union League Club os.
Valley County, Mont. -.
Weldon, N. c., Water g. Sewer 6s.
West Hoboken, N. j.. School 434s.
West Hoboken, N. j., Funding IS.
White Plains, N. Y, School Dist.
No. 512s.
White County, Tenn.
Wnnctka, H., Park District SIS.
Y. M. c. A. College LIST Mtgc. 6s
and Bonds.
second
Armour, S. d. Ind. S. d. School
Bldg. IS.
Florence, Col, Water Works Re
funding SIS.
Garrard County. Ky. Turnpike
Road Is.
Lewistown, Mont. Water SIS and
Bonds.
Temple, Texas, Public Ind. Sch. Ser.
No. 4 SIS.
Fifteenth
Jackson, Mich, Paving, Water g.
Sewer Alps.
Mount Pleasant, Mich. Water Re
funding rs.
Sedalia, Mo, School District Fund
ing Is.
ALSO PAYABLE AT
Inc, Boston. Mass. and
5 Bank, Chicago, Illinois.
The sun., 1918-12-31
Paris BOuPne.

PARIS, Dec So.-Tradlng was quiet on
the Bourse to-day. Three per cent
rentes. 81 francs 80 confines for cash
Exchange on London, 95 francs as cen.
times. Five per cent. loan, SIS francs 80
Confines.
The sun., 1918-12-31
INTERNATIONAL MERCANTILE
MARINE COMPANY
Preferred Stock Dividend

\ semi-aunuaJ dividend Of three per
cent. on the Preferred stock has been de-
ClAred by the Board OF Directors PAYABLE
February LIST, 1919. TO stockholders Of
record At the close Of business January
Eth, lgl?. Checks will be mailed
Il q. pHlLIPS. Treasurer.
The sun., 1918-12-31
Custom House Rcccipts.

Receipts for duties at the Custom
House yesterday were S32l.0SG.a2, Of
which SS7.i02S9 was for merchandise
Withdrawn from bonded warehouses aud
s23l,jH32V for recent importations.
The sun., 1918-12-31
To Handle Du Pont Foreign Trade.

The formation OF the +. !. du Pont de
Nemours Export Company. Inc, to
handle the foreign trade Of the Will
mington explosive manufacturing con-
Germ, was also announced yesterday.
The officers of the company are T. w.
Pickar1. president; Walter 8 GaYan,
vioe-president r. II. Brown. trel Sursr,
and Alexis I. du Pont, secretary. Mr..
Pickard is vice-president OF the pu Font
company, in charge OF the sales depart
ment. and Mr. Gavan for many years
has been the directing head Of the COM
panys export business. Both Mr..
Brown and Mr.. du Pont occupy similar
positions in the Du Pont company. The
directors OF the new company are: Mr..
Pickard. Mr.. Brown. +. Z. Peters, c. l..
Petze, ]. A. Burckel and J. 4. HIATT.
Mr.. Gavan will be the active head OF
the export company, which will cstab-
llsh headquarters in New York. The
company will maintain an Office in San
Francisco.
The company's charter rights are
broad enough to include any activity
which a company doing business in for
eign countries may care to undertake.
The Du Pont company has offices IN
Mexico city, London and Rio de
Janeiro. and connections and agencies
throughout South America, Central
That plans for the formation OF a
combination TO handle foreign sales are
being perfected by brass manufacturers
and producers OF copper rods, wire and
similar products also became known
yesterday. Representatives OF several
companies have discussed In informal
conferences the larger aspect Of organi-
cation.
1t is understood that a corporation
will be formed along the lines OF the
Copper Export Association, which was
organized recently TO meet combinations
of foreign metal buyers, The new COM
bine OF brass manufacturers is expected
to include the American Brass Com
pany. Bridgeport Brass Company. Ma
tional Conduit and Gable Company and
others
The Anaconda Copper Mining Com
pany probably will become part OF the
brass export combine. as 1t Is a big
producer Of copper rods and wire.
The sun., 1918-12-31
MARINE INSURANCE
COMPANY is FORMED
Americans Start First COrpO-
ration to Insure Their En-
ports and Imports.
BIG INTERESTS BEHIND 1T
Du Points, Guaranty Trust and
Chase Bank Represented
in Directorate.

A new marine insurance company. to
be known as the Bankers and Shippers
Insurance Company. with $1,000, 900 cap
ital and $500 900 surplus. will hold its
organization meeting at the offices OF
the Mercantile Trust Company at noon
to-day. For the first time in insurance
history group OF American bankers.
manufactures and shipping men will
have their own insurance company.
which is being formed to expand the
export and import business Of the United
States.
The prominent interests behind the
new company are the Du Pont powder
people, the Barber steamship Company,
the Guaranty Trust Company. the Chase
Securities Corporation and Wilcox. Peck
& Hughes, insurance brokers and aver
age adjusters Eugene v. r. Thayer.
president of the Chase National Bank.
will be chairman OF the board OF the
new company. recently incorporated at
Albany under the laws Of New York, and
William g. WILCOX of Wilcox, Peck
& Hughes will be president
The list of directors includes the fol-
lowing members: Harold Stanley, vice
president of the Guaranty Trust Com
pany; John A. Spoor Of Chicago. Oswald
klrkby. the golfer and a member o. tae
Arm OF Wilcox, Peck & Hughes Oakley
Wood, John j. Watson, Jr., weep. Co.
dent of the International Agricultural
Corporation Howard Bayne. vice-pres.-
dent Of the Columbia Trust Company I:
James Barber OF tho Barber Steamship
Company. J. J. RaSkob. vice-president
Of the +. l. du Pont de Semours Powder
Company; Seward Proser, president
of the Bankers Trust Company Charles
c. Peck of Wilcox Peck & Hughes:
E. v r. Thayer, president of the Chase
National Bank: Charles H. Sabn, presi-
dent OF the Guaranty Trust Company :;
Chellis A. Austin, president of the Mer-
camille Trust Company; William q Will
cox OF Wilcox, Peck & Hughes. and
Edward ]. Barber of the Barber steam
ship Company.