davidaulloa/AmericanStories huggingface dataset:
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1920-09-25
In the Hetritt District

The Humble oil & Refining Co.
No. l Walker, In the extreme south
east Of the southeast OF 9-ls-2w, ~
making $50 barrels natural in the
.23b foot pay
Tho Carter oil company's No, 2
ShcllcnhcrEer. In the northeast OF
tho southwest OF iG-is-2w, ~ good
for 1TO barrels on the swah from the
i.S67 foot sand. Tho Cartcr's No, {
on the ward farm In tho northeast
of the northeast OF the northwest oi
-4s-2w. is swahhiuE 500 barrels
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1920-09-25

tho men from different sections Inc
mon going from Tulsa are giVine
tE,Ir hearty cooperation to the plan
and "A very interesting and COM
plote production is looked Tor.
G T.. Peters. president Of the
P,ters OH company with headquar !
tars AZ pawhuska, Is in Ney YORK
citv The peters on company re
ports another well in the shallow
s,nd ON its lease north OF liominy,
this lease with seven producing welis
an IL IL making over 1000 barrtlS
daily and all producing from th'
shallow sand.
Miss olivia Baldwin, in charge OF
Tho Lake Park Refining company
utftcos here, left last night Tor kan
sas CITY. whore snc Will JON IN,
Denver special tonight, and spennGo
her two weeks vacation at the "
Mems convention ut Dgnvor. X y
prirpIo will have charge OF the LAX
park offices during Miss Baldwin
absence. Mr. pringic, who has beei
M Kansas City offices for some time
was formerly i'm charge u the ottlce.
] here. and the trade VIII be glad u
welcome him again.
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1920-09-25
o. p. Dc X. Corporation
Has Big Wei

oklahoma Producing 4 .Rcfe
Corp. No. l Cruel farm I'm 25-i3-1l.
live miles southwest OF Okmulgee.
ls rated good for $50 barrels at
depth Of 2.54A. feet II is two mikes
east OF the Golden Rulc oil hlg wen
In section 2S. samc township and
anrc aud should make. things look
ntcrcsting I'm that locality,
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1920-09-25
Drifting South Of Ossenbeck

Th, thurman on company "I
I.oui,4aua. has made location ior
No iu tho northwest of lhc uofin. .
cYat of 6-16-il. Tho No. ] - sun
making 90 barrels ana the No.
viii bc location east Of this. 49,.
QuAkIua and company are drllllnR
at 2.b2O feet IN tho northwest or th'
nortnrast or the southcast OF G-fJ-li,
Thc snnffor people are building a
rlt ln the southwest uf tho north
| cIst Of the southwest Of the north
cast uf JI-lG-li, whi0h ~ the same
section that tho OHcubeck and Hdr-
ry Terrell wells arc located.
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1920-09-25
mIn DrIII for Icnsc

owners of Zee only, having wen
located erouAd In shallow teld
either Kansas or oklahoma, who are, are
willing to give lease for Immediate
drnlnp Please give address, exact
location OF ground, number OF acres
and nearest Development Am a
producer and viii consider no VIVA
cat stuff. Address box 56A, care OF
World. .-Advt
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1920-09-25
ol,. MAnKrr auotArIoNs
Crua, Ou Products
f... ra,.,F0 fotiaGtuN prices
OkmuIgce Booming

Okmmgoc ~ having tohllnu'.''',, 4, 4,
OF It's big boom and iH cor'ai',p w.
worth visit from anyou" t"uN,',
IN ,asllv bo made by motor from
,r,,iea and making 10 thutly VIII
save a lot Of worry and trouble over
iatc trains and poor i'hI"'"
service.
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1920-09-25
An old Test That Stopped
Too Soon

In 1911. the Hocla oil company
drilled won In tho northwest Of
the southeast Of the southwest OF
2S-15-l0, that stopped In the lime
ot 1,13j feet.
r. is not thought that this well was
lust on top of the Wilcox sand. az
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1920-09-25
OIL AND GAS
,...s. supplies 80 Production Etc

Wanted--A bright energetic Doy
In work for oil company as otl'os
and crrand boy. steady Work, soou
nav and excellent opportunity TOT
bow who wants 60 learn IN" on ous'
mess. Apply 2l2 Kennedy blds~
Al
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1920-09-25
Location for Deep Test

French y Moffctt has made To-
cation and has q rig up for tcsl
In the southeast Of the southwest nI
tho southfct Of 9-il-12 This - %
be u 5000 foot test.
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1920-09-25
NOTICE.

Notice Us mreby given than on
and after October /, all teamins III
the Oiltonfoil fields VIII ne VIZ per
day. Thiy increase is iound heceS-
sarv owing to the advance In the
wages of "skinners.' Ivy olI'on
Team owners -A Advt
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1920-09-25

FOR sAI.E--l2 Ia In. 5O-ib; car
ic-r.. A0-lh. ear. 10 in. 35-lb, 2 cars
IA In. IS No.. care s IA in "a
10; cars 6 6-S in. 20 III car 6 SIS
In. 2l-lb.: . cars 6 5-S in. l7-lht
car G IL l3-lb.; car ale in, II
10. ? ino ana 4 II ID. tubing
Also large stock ot used caslnes'
new and used 2-inch 3-inch and 4
inch line pipe. We buy used castings,
abandoned wells ana lines Good
man a Ringoid. g25 Central National
bank Bids, Tulsa, Phone Usage
1854. 4SS5.--AdNJ
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1920-09-25

Party with national machine ana
tools wants drilling. E1u,ppoh TO
drill 900 feet ready To move
Adde'S boz 16A care OF world
Advtg
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1920-09-25

For sale: Kew casing and tubing
al all sizes from i5 IL. 20 H. TO =
SID n lh Some here ana some "
transit. Phone O-6i4i or wlro NJ
lebow, Tulsa, Okla ~-AdNt'
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1920-09-25
"BETTER BE SAFE
THAN SORRY"
II the state OF oklahoma Would In
sure Your Home or Your. Busi-
ness without Charge Would
You Insure with ThemS POI
A mnGE,s OPINION.

ATcarned Judge In sentencing an
old man, college graduate, said
"Many Of the sorrows which over
take people IN their old age are due
to the fact that In their younger ana
moro prosperous days, they failed 10
create the habit OF systematic saw
ing. II | had the judicial power I
should compel every man, woman
ana child To keep a savings account
with some good, bank and make, a
monthly addition 20 II, even If the
deposit were only few dimes. saw
ing payes the way to a peaceful old
age -
II YOU are on tho shady side Of
life. are YOU living in rctiremcn,
and comfort. or are you struggling
under burden growing moro diff
cult with each succeeding year?
Remember, there Is no friend like
money. when wesare old and help
| less. An ample savings account viii
aftoud the protection needed.
PRODUCERS STATE BANK
Assets Over SIS, 5,OoO,0oO.00
so INTEREST PAID ON SAVINGS
| Tho Deposits or Ibis Bank are pro,
tccted by the Depostovs Guaranty
Fund OF the state OF Oklahoma,
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1920-09-25

Have some tanks and Standard
Rig for sale at "a bargain Usage
6b5O.--AdVt,
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1920-09-25

Trackagc property for lease, lo-
gated on MOK r Ry 20OXliO, also
warehoue, 6Oxi0 with separate
two-room office. For particulars.
call Usage A536, u. Feenbcrgs-
Advt.
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1920-09-25

For Sale-A complete String OF
standard drilling tools, avn "A No. :
National Drilling machine CAT
Usage i7ii. after ,, IN, Osaso
1867 ---AdVit.
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1920-09-25

Have good drilling proposition in
Oyagc, located In good territory
Address Box GSA care orld,--AdVt
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1920-03-14

initiative among business concerns In
me upbuildinE of an efficient National
Guard. Adjutat-Gcneral Stern Is count
ing upon many others following the
policy held by them before tile World
war. Many firms not only sanctioned
their employees joining military or
SaniZat!ons. but paid Them while ON
purely military duty.
ENcciient Armory Facilities
The city Of Richmond has prov iucd
three big armorieS for the use of. It's
citizen Soldiery. and has approxima tcl V
S6uo.ouo Invested in these buildings.
Uniforms ana equipment for the new
VowpauicS will be provided as fast nS
,hcN arc organized. The urrnorics each
rt,ic range. while one ;Irmory is bcin :
rucI up with an indoor riding ring.
HnG has limo swimming pool Tor tho
accommodation OF its members.
several companies already have bccu
cri.HuiEcd here. Two compunies OF
~" i'iucs are being organized and one
has already received Federal recogni-
y.on, One company OF the Grays has
received Federal recognition and plans
arc now on foot for the reorganiza ton
~ the lHrhmond lIowitzcrs In al :
Hiiiun I" these old organizations, tho
Hugh Stockdcll Machine Gun Contrary
has boon organized and given Fcderai
coEuiiion
ilHns are now being made by Cap
Gain Il. \. lanes. commandment OF John
Marshall High school. to orgunizc 4
company Of Virginia Volunteers among
graduates of the school. Later this
company. il the Situation justifes, will
become part OF the National Guard.
captain James is receiving con slider.
ahl. support from john Marshall men
and * receiving recruits daily at the
GrayS' Nrmory
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1920-03-14
STEAMER LAKE DEvAL'S
CREW Is TAKEN ASHORE
Brt is.d tc Rescue Men
Disabled Steamer TScc Not
Yet Located. I
IS, associated Press.


The Shipping Board steamship Lake
pcval. aground on the Long Island
coast near hero. was abandoned to-
hight by her captain and crew OF
thirty-onc men. who were brouph
ashore in a brccchcs buoy. The rough
sea made launching of lifcboats i'm
possible.
The steamship had been washed in
BIS "a heavy surf over the outer bar
and tonisht was hard and fast in the
sends close 10 shore. After the men
had landed the wind shifted ana Gained
the sea. 1t was hoped 10 save Tic
ship
The first. four mon sent ashore sur
fcred from exposure ami were taken
TO hospital. According TO the crew
Il was believed tho vessel was ubou;
hrc miles on shore when she grounded.
Coast guard cutters and wrecitinc.
tugs today were searching in u thicR
fog OFF Ambrose channel and the Long
Island coast for the disabled stcumer
Tycc. which with disabled ruachincrv.
Was yesterday taken in tow of ,6n
steamer I,aks Markham. The gear
parted And the ships separated in the
assistance reported by radio today
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1920-03-14
BOY SCOUTS COURT OF HONOR
AWARDS 1865 MERIT BADGES
Troop No. ~. of Holy Trinity Church,
Receives BANNER for Highest
Total of Points.

AZ Inc meeting of the Court OF
Honor OF the Boy Scouts of America
last week, more than los merit badges
we're awarded Scouts in various parts
OF the city.
Troop No. .. OF Holy Trinity church.
was awarded the banner for The month
NTH total number Of 3O.S points.
FOOD was also awarded the district
.. IN the central district Troop .. of
81. rhomas Episcopal Church was
awarded the pcnnani
-, IN inc southeastern district Troop
- was awarded the pennant
~ the sitting of the court ten Scouts
We're ADVANCED to the first class. Troon
=. OF Holy Trinity Church. now stands
IA ne nerrN uophy contest with
t.e Grove Avenue Baptist Church.
S'ands second with ioS.l1 points: rroon
:. Ihird. with 1867 points and rro0n
81. or Sacred Heart Cathedral. a close
90 I'm; VIII $50 points. Troop 10.
OF springfield School, is in fifth nl.cr'
with total Of GA.a:s poinis
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1920-03-14
SUNDAY SCHOOL BUILDING
WILL BE OPENED MARCH 23
Trace Methodist Church. Gas,
ing si0O,0Gn. Nearing
t'pmuIe

Grace methodist Episcopal Cmurcn.
south. viii open its new sun
day school building. located al BoUls-
ward and stuart. on March IS. Decision
open inc church then vas made by
officials Of thc church after q rnceiiui.
acid yesterday ia Tn. parsonago. wiih
>. u. Bishop presiding
1hairinen OF seven committee. were
appointed at til. meeting. ana plans
made Tor un extensive program 10 be
gwen when the sunday school bu!idlnx
~ opened. II Is said that tho ucw
church VII COS; approximately 100000
when completed,
Cha!rmen OF the Committees are: pro.
gram committee. Mrs j. IL Johnsors
decorating, Mrs T. l. But!cr; music
PITS = +. Carey nsn4rs, ]. l.. Butler.
fDyltatlohb, records, attendance and
fsoliue,Ious, q. vs.. Crowdcr ava nI.f
\ tcity, W. VI. BacAroeder.
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1920-03-14
FAVORS NATIONAL DEFENSE
senator Warren q. Harding, of Chin
nuns hitch stnteS Should Lead
World I'm Aviation

tHiCAE'. March IA plea for tha
return 70 Df"-war standards of busi
ness ana ilNinE and for tho establish
mont of an adequate national defense
WAS made today by Senator Warren
hcpuDiican presidential nomination. in
Club. ''"'''i' OH
We should pledge ourselves noyor
70 D" unmindful of our national do
a armS,: senator Harding said ''Wc
,uE az 10 nave an ample navy we ouch,
% 't,tu ne world in the dcvclopmrni
hNi"tloh ana we should have "a
- ~ "hScf army than VIC have ever
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1920-03-14
BANKERS MOVE TO HELP )
IN GUARD Reorganization
Will Encourage Employees to BE-
come Members of Military
COmpanicS

TWO Richmond banks have Cn;erctl
into an agreement with .Adjw,aut -C;ou-
cral 10 Lane stern to assist ~ tAt
reorganization of The NirG suta National
Guard by urging employees ~ ioiu
local companies with the understand,
ing that time devoted ~ military
duties Will not be deducted 'SN,I ~
cation allottmcntS. Through iIC k3<&.
m"nd Clearing House Association
other financial institutions arc HrWS
Urged to take SIMILAR StcNS
Under tn" plar adopted by the VAN :
and approved by the association, -
per cent Of the male employees arc -
After the bank quota is filled The mills
tary companies viii not bc permitted
To accept any more employees from
that bank without the permission ~
tho cashier or other designated oitI-
GER. AS soon as the quota is reached.
bank employees enlisted in state vol
untccrs Will hc discharged from further
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1920-03-14
FLICK AWARDED MEDAL
UniNcr.ity of Notre Dame Honors
Philadelphia Phyhician and
r.t phlthnthrJt,lnt.
fBy Associated Pres

SOUTH H sE Sysoe tN6 fSf sra, ,a-nr
Lawrence L. FIick. Philadelphia physi-
clan. philanthroplst and historian, was
tare medal from the University Of
Notrc Dame. The award is the high
est inadc by the University and is
conferred annually OH T.aeturc Sun
day. the fourth of Lent. TO u Catholic
lnyman for cninence in service to
God and the country" Others who
years include Admiral William S.
Benson aud Edward u. White. chief
Justice OF the United States supreme
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1920-03-14
Trolley strlke !. Over.

by Associated rrcssl
BINGHAMTON. y. Y, March i3.-
street car mon who went on strike
because the city government had fail
ed TO authorize cent fare. returned
to worl! today. when the Aldermen an
nounced they would not approve in.
crease In fares while the strike con-
tinucd
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1920-03-14
Plan to Sell Europe Flour.

WASHINGTON. March l3.--Legis,a-
ton authorizing sale to European
countries OF 100000 barrels Of sofi
wheat -four, now held by the United
states Grain Corporation. will BIO con-
man Fordney. OF the House Ways ana
Means Committee. announced today.
The measure is Il substitute for the
original food relief bill. authorizing
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1920-03-14

Thomas l.. McAdaInS. vice prcsider:
Of tho Eichmond Clearing House AS
socintion. has written to all Richmond
hanks urging Them to enter into sim
liar agreements. He points to tho
necessity Of having Il strong and eli q
cicnt National Guard and cites the
tact that during the past year ,hc
ftate troops were called out six times
to protect lives ana property Of Viz
GINA citizens.
MIR. Adams points out thar all banks
haV" men within tho draft age in their
employ and that these men ought -
he willing TO enter I'll" State service
rather than again put the burden upon
those who served either in the army or
tho navy.
Will" the banks are taking Tho
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1920-03-14
PLAN ALLIED CONFERENCE
british. american and Frcuch Military
Heads Ia Meet mt Maycnrc
Headquarters.
Try Assnriatna.prnss.

Isy Associated Press.l
toELtNI. March ia conference
attended by Marshal "och, Field Mar
Shai Sir Henry ~. Wilson. chief OF the
SriiiSh imperial staff. and Major-Gen-
era Henry 7. .Allen. commander
chief Of tho American army of occupa-
ton. VII be held Monday at French
headquarters in Maycnce.
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1920-03-14
WANTS FORMER SERVICE )
MEN AS STOCKHOLDERS
IIouAc Ways and Means Commttte.
Hear Suggestion OF Cleveland =
Citizen.
IBy Associated press.1

fBy Associated Press1 -
WASHINGTON. March 13-Before.
ending the Hearings today on soldier
relief Legislation, the House Ways and,
Means Committe heard new proposal
o Tor obtain,ing FUNDS. advanced by Jer-.
vocated organisation. 0e company
capitalized at s2.oO0.oo0.0Oo for OPERA,
ton of tho merchant fleet, with former
service men as stockholders. Guarans.
tees dividends of s per cent on all
stocks and bonds held by the company
Tas suggested by Ditchy, who said,
Interest In building up and maintaitoz
ing our merchant marine would be
stimulated through this plan. =,
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1920-03-14
Berry Announces a New
Selling Policy
Notice No. 1.

Berry announces selling plan which will mean consid
cradle saving to buyers of Mems and Boys Clothing Hats Shoes
and Furnishings this spring and summer.
We have determined take burden present
day conditions by pricing merchandise figures which will
allow us the smallest margin of profit ever received
Berry Clothing has always been at reasonable fixed
percentage of profit This margin STRICTLY adhered
tonever exceeded the and since It is sbsan-
TALLY reduced in present prices
The reduced profit basis applies goods in all departments
New arrivals of merchandise will priced the same way
This does not that prices normal but il does
that Berry Clothes Hats Shoes and FURNISHINGS offer
better buy this than before.
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1920-03-14

that she had vainly searched for c,Eh-
teen hours for tho disabled vessel.
At the same time messages from tho
OF MAtGr in hCr hold.
The Richmond Virginian. (Richmond, Va.) 1910-1920, 1920-02-23
INCREASE M Aun1E {
Or NATIONAL oAlI

Washington, Feb. zi.--The cOsss
troiler Of the currency said today
In the month or January. 1915,
l0s National banks were auti4orixe4
to increase their capital In the SUM
OF St5.90s.a00, Being the iarEess;
number OF capital increases eyeNe
granted in any one month since tANM
beginning of the national banking
system. The same month in 1918. ~
national banks authorized to increase
their capital by s3,s33.000. Theirs
were no reductions In the capital a.
national banks In January. 1920.
F'iftysix esq an piieations Cor
charters for new national banke were
received in January. 1890. with PROF.
posed capital OF s4.S90,0ee. including
fifteen state banks covering into
national. as compared with IS chAr-
ter applications ia .IaHgarE,--1a BE-
with capital OF $4,000.
Charters were granted last month
to Fl now national banks with cApi-
tai Of lille boa In Iha same nlnnthz
In 1919, there were IL such chartera
with capital of ss3e.0o6,
In January 1920. ten national
banks with total capital Of 100000
went into voluntary Liquidation eek
elusive of those consolidating with
other national banlSs). This com
pares with eleven such liQuidations In
January. 1919, with capital OF ST.
TOO. 900.
At the close of business on Feb
ruary IS, 1920. there were pending
s41 applications for charters for new
national banks with PROPOSED capital
| OF s27. 600. and 3s5 applications
were also awaiting the comptrollers
| approval for authority to increase
their capital in the sum of 0.593. 100,
with SIS additional applications for
capital increase for amounts not yet
determined.
OF the 34I pending applications.
| for charters for new national banks,
| s were from Massach usetts; 10 from
New York; from New Jersey. &
! from Pennsylvania: 10 from Virginia +
is from South Carolina: from
Florida; from Alabama; - from
| Texas; from Arkansas: Is from
| Illinois; from Wisconsin; 33 from
! Minnesota: from North Dakota; 10
| from South Dakota 16 from Kansas.
Is from Montana; / from Colorado:
| &c from Oklahoma Z from Washing
ton: "a from California; from
| Utah. =
| There were also 46 other appifcA-
tions from 10 other states ranging
from one to Ave for each state.
The Richmond Virginian. (Richmond, Va.) 1910-1920, 1920-02-23
STOCKHOLDERS MAKE
GOOD $4,000 Loss

South Boston, Va, Feb. 23.-De-
spite the fact that the Citizens bank
OF Virginia. has suffered a loss OF APP
proximately $4,000, the stockholders
have assumed the obligations OF the
bank and the depositors are absolute
" safe. Great surprise was felt not
here but throughout the county when
it was learned that Mr.. Roscoe Tuck,
assistant cashier OF the Citizens bank
was short in his account. The short
age was discovered by State Examiner
Richardson. Up to this time Mr.
Tuck has eluded arrest. Mr.. Rice
has made several trips to Virginia. but
was unable to locate the man sought.
1t is said that Mr.. Tuck was under
bond for $4,000 which amount will
be made good to the bank by the
bonding company. While the deposit
tors have been protected and the bank
is running as usual. the affair is most
many friends and is married and has
unfortunate. The accused man has
one child.
The stockholders of the bank have
suffered heavy loss
The Richmond Virginian. (Richmond, Va.) 1910-1920, 1920-02-23
AND
COMMON STOCK
BY MARoLD F. GREENE

BY MAROLD F. GREENE
Manager Bond Department. Guar
anty Trust Company of New York;
Corporations have been evolved to
enable many men to cooperate in the
financing and operating OF large in
dustrial or commercial enterprises.
They are logical development OF
partnerships, just as partnerships
were a development OF individual
ownership. Stock holders or share
holders are the partners, so to speak,
Tho own and control the corporation.
Their ownership and control is ex-
pressed in certificates which they
hold, each certificate emitting them
10 a voting right in the corporations
affairs. and share in its profits If a
corporation were capitalized sl.0o0,-
600. and that capitalization were ex-
pressed through the issue OF 10000
shares OF stock, each share with u
par value OF 400, the owner OF each
share, in the case OF a very simply or
ganized corporation, would be entitled
to one vote out of the ten thousand
TO be cast. and a share in the profits
equal TO one ten thousandth of the
total.
AS a matter of practice, however. in
most of the large industrial corpora
iiCItS GAAstAues teGaSs t~HSIsliAH II ppt
so clearly defined nor is the division
of profits so simple. shares of stock
are ordinarily of two kinds. common
and preferred. and there may be, and
frequently are, two or three different
classes of the latter. The essential
difference between common stock and
preferred stock is that the dividend
on preferred stock is paid before pro-
vision Is made for the common stock
holders. And. by an extension OF the
same idea, 1t is customary, in the
event that the corporation ceases to
do business. and liauidates its assets.
holders of preferred stock TO be re-
compcnsed in full before any payment
is made to the holders OF common
stock. tRut there are exceptions to
tits rule.) II a million dollar corpo-
ration, being liquidated, should prove
TO have assets worth only 100000.
| the holders OF $500, 900 worth of pre-
ferred stock would be repaid in full.
while the holders of 100000 par
value common stock could secure only
100000 for division between them.
This preference carries with IT, OF
course, certain limitations. the chief
| ard most trsrraf uue heirg a Fixed divf-
tdend. Because their opportunities for