davidaulloa/AmericanStories huggingface dataset:
Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1921-06-20
Marrled AT Burkes !
Miss Vera HarIowe Bride of Henry
d. Merchant

3
d. Merchant
A beautiful wedding was solemn
iezd Sunday. at the handsome home
of Mr.. and Mrs. l.. W. Harlowe,
Burkes Station, Va, when their
daughter, Miss Vera Harlowe, be-
came the bride of Henry Doulas Mer
chant, popular employee of the
Southern Railroad.
The marriage ceremony was per-
formed by Rev. Father V. D. Cue
vas, pastor of St. Mary's Catholic
Church, of Fairfax Station, Virginia
The wedding marehs, nichard Wag-
ner's wedding march from "Lohen-
grin" and NIendelsoha's wedding
march from Midsummer Night
Dream" was played b. Miss Helen
Gamer.
Mr.. Wilbur T. Merchant, brother
of the groom, acted as blst man.
The matron of honor, Mrs. Junius
Royal, and bridesmaids were Misses
Alice Harlowe and Dolly Eurke.
Little Miss Helen Harlowe was
ring bearer. Ushers were Mr..
James Royal and Mr.. William H.
Harlowe.
A wedding supper was served in
the spacious dining room of the
brides parents.
Mr.. and Mrs. Merchant left for
an extended honeymoon trip through
the North. They will be AT home to
their friends after July /, at Burkes
Station.
Many handsome and valuable pres
ents were received by the bridal
couple.
Among those present were: Mr..
W. n. Merchant, Mr.. and Mrs. A.
l.. Nails, Mr. and Mrs. Frank T.
Smart, Mr.. and Mrs. Henry NJ.
White, Mr.. and Mrs. G.. Edward
DOIlDHdEl, MI. anu mis-. >. ID. LII
lard, w. T. Merchant, Rus ell Nails,
Archie n. Nails. Mr.. and Mrs. o.
d. Waters, Mrs. Annie. Adamson,
Mr.. and Mrs. l.. w. Harlowe. ].
William Harlowe, Everett Wenk,
Mrs. R. w. Harlowe, Miss Helen
Harlowe, Dabney Watersz. Mr.. and
Mrs. Will Lynch. Miss Nancy Lynch,
Miss Jana Murphy. Cincinnati, Ohio,
Mr.. and Mrs. j. F. Howard, Fran
ces Faylor, Miss Helen /. Gaines,
William S. Miehelbach, Miss Dolly
Y. Burke, Miss Susan Wenk. Mr..
J w Wenk, Mrs Ber;;ie T. Wenk,
Miss Myrtle NJ. Wenk, DR.. F. NJ.
Brcol7s, Mr.. and Mrs. Richard ].
Royal, Richmond, Va, Rev. V. D.
Cuevas, st. Mary's Fairfax, Va. !;
Miss Alice Harlowe and Mr.. and
Mrs. Sylvester A. Breen.
Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1921-06-20
Recent Deaths

Mrs. Marion Edith Long, wife of
Charles J. Long and youngest daugh
ter Of the late John H. and Martha
E. Knight, of this city, died suddenly
at her home at Chesapeake Beach.
Md. Saturday night. Besides her
husband she is survived by two chill
dren. Her funeral will take place at
, o'clock tomorrow afternoon from
Wheatley's mortuary chapel and SER
vices will be conducted by Rev. DR..
B. H. Martin, pastor of Trinity NJ.
f. Church. Burial will BE- in Christ
Church cemetery.
Henry l.. Lacey, sixty-nine years
old, died this morning at tie resi-
dence C: his daughter. Mrs. Finne-
cey, Addison Heights, Arlington Co.,
Va. The funeral arrangements have
not yet been completed.
Mrs. Mildred Brown, se-erty-eight
years old, aiei aSturday night at her
residence IN Lloyd Avenue, Del Ray,
Arlington county. She. was the
widow of Thomas Rrown Her fur
eraI will tack place at O'Clock this
afternoon and services will be con-
Quoted by Rev ]. R. Wood, pastor
Of the Del Pay NJ. E. Church. Bur-
ial will be IN Betehl cemetery.
Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1921-06-20
Mail Contract

G.. w. Francis Lands Same at 81 $500
Year
The contract for hauling the> mail
between the postoffice and union sta
ton has been awarded to George W.
Francis. Mr.. Francis was the lowest
bidder, his bid being $4,000. The con-
tract is for four years.
1t becomes effective July l. Th:.:
contract for the past four years has
been held by w. c. Baggett who was
not a bidder for its renewal
Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1921-06-20
Reception By |. 0. 0. F.
Sarepta Lodge To Honor Bert Wolfe
Wednesday Night

Bert Wolfe, grand master of the
grand lodge of Washington, D. c.,
will be the guest of honor Of Sa-
repta Lodge No. 46, Odd Fellows,
Wednesday night. The members of
Potomac Lodge and also the men,
bers of all Of the lodges il this Vi
cinity have been invited to attend the
reception which will be given.
Members Of Sarepta Lodge next
Sunday night will attend annual me
mortal services and march in body
to Grace Episcopal Churci where
Rev. Edgar Carpenter, rector, will
preach sermon. The members will
assemble st Odd Fellows Hall at
1880 o'clock.
Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1921-06-20
MOONLIGHT EXCURSION
BY TORPEDO STATION

The Alexandria Torpedo Station is
giving it's second annual moonlight
excursion down The river on the
steamer St. Johns, Thursday even
ing, June 23rd, Tickets will be FOR
sale at Torpedo Station dock the
evening of tire excursion. The tick
cts are good ,at Seventh Street dock,
Washington, D. c., boat leaving
7:l5 p. m, also at Torpedo Station
dock, Alexandria, boat leaving 1880
p. m.
Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1921-06-20
RECEIVER ASKED F'.1
D,3 GILLESPIE, OIL CO

New York, June 20.--A news
ticker today reportal that appli:a-
ton has been made in the Federal
court at Wilmington. Del:, for the
appointment, of a re .eive:- for the
Guffey Gillespie oil Company by the
Tidewafer Oil Company.
I An order restraining t.. present
Guffey Gillespie" .maa ai%sment from
tdisposing Of any; of it, properties Al
ready has been gr,nisdtb tkc Fcde
raj court. The action is understood to
be gfriendlv as far as fiidfwatcr is
Concerned.
Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1921-06-20
BOTH FINED FOR ASSAULT

In the police court today Lucius
Williams, colored, charged with as
saulting Alberta Jackson. colored, was
fined S25 and the Jackson woman was
also fined $40 for assauiting Will
liams. The affair was staged last FRI
day afternoon at 1410 King street.
The woman was badly injured and
since the assault has been a patient
at the Alexandria Hospital. She ap-
peared at headquarters today with
her head swathed in iDandages.
Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1921-06-20
Garden. Party
Epworth League Of NJ. E. South tt
Entertain Tomorrow Night

The Epworth League of the M. E..
Church South will give garden
party and entertainment tomorrow
evening, June 21. from z to 10
o'clock at the Young Peoples Build
ing. For the entertainment begin
ming at $3.50, an unusually excellent
program has been arranged. and will
be presented by the following: Mrs.
Edward E. Dunn, Mrs. 4arcld Clark,
Misses Jennie Richards, Nellie Pier
point, Margaret Alexander. Helen
Outcalt, Irma Wooif, Virginia Will
kins, Edwina Carver, and Wilmoth
Bolton and Messrs. n. S. Greena-
way, Harold Clark, and Elmer Davis
Refreshments will be sold and served
on the lawn in front of the building
Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1921-06-20
Hospital Auxiliary

Seek New Laboratory For This Insti
tuition
The Auxiliary TO the Alexandria
Hospital, comprising as t does about
forty-fve .;oung women Of Alexan-
dria. held its final meeting Of the
season at the Nurses home Tuesday
afternoon.
This active body of young women
are going to work for me much need
ed laboratory for the hospital, next
winter, and before adjourning for
the summer months, decided on hav=
ing a sale of fancy articles toward
this end in the early autumn
Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1921-06-20
Bentan Harbbr. Mich. ..IJune q

Bentpn Harbbr, Mich, aJune 2o.--
Jack Dempsey, heavyweight cham
-picn Of the world, will refere tbs
Benny LeonardsSaiior Friedman Ign
Weight championship ,nlatci1 here the
afternoon of July 4. stai
Z Promoter Floyd Fitzsimmons made,
'ehfs.iannouncelnent seoday ..Aospermit
TO act as refereet has jbeen granted ! to
Dempsey bys Michigan authroitieso5Jt
Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1921-06-20
K. of G. GARDEN PARTY
Cor. Queen and Washington
Streets
Wednesday and THURSDAY
j June % and 2ss~
146-4cs

I'll burning ships of the Government,
fleet snliaht depend. Agents, of all the
oil Companies and several Wall sueei
,specutators manifest great interest IT
:ae shiapiag Board investigation am
made efforts to secure "a copy of the
! expert's .eeorf. There secrfa fbeollt-
tie question. but. that some OF tbs
artists in Wall street were successful
Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1921-06-20
CORRECTION

k7report that has been SFeafatM
shout the city to the effect tihae fhel
Royal Blue kusses belchshta thel
tWashihgton-Virginia R.:ilwsAy J oam.
pany ,"sis absolutely fakesa5'
C - Alexandria MotorsB Bus co.. IN
146-1c.i2sS4 is ~.
Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1921-06-20

reasonable proof that he can oe elect
ed. If he says that he is not a car
d;date. the record will he that OF
man free from defeat, for to date ne
has not personally told anyone ne IS
a candidate or so far as IS known
asked any man to vote for him.
The opening of the actual nation
vide campaign to unionize the steel
industry has been postponed lrdcf'-
n:telv. because of the industrial de.
preston, It was officially announces
last night by the executive council or
national and international organiza.
ticns in the steel industry affiliated
with the Federation.
The ccurc;! discussed wage reduc-
tiors in the steel mills and decided
that another attempt at wage redsic-
tions pro3ably would result in 7ne
committee throwing lbs resources in.o
the fight to help the workers.
The Irish factions continue Their
squabble, with the result that there
is more than fair chance that they
will get little from the convention.
Frank p. Walsh in effect has told thc
delegates. through kilograms ana
through his agents here, that j. must
De boycott of English goods, OF
nothing ard there is tendency OF
the part of delegates not of Irish
blood or birth to take Walsh at his
word and give little.
The personal influence Of Peter ]
Brady, of New York, who is leading
the conservative wing, however, prob
ably Will be sufficien: to overcome tie
resentment aroused by the demands
of the extremists.
The resolution calling for boycott
was originally signed by 90 delegates
Today II CT the 20 withdrew their
Support and declared that the Brady
resolution meets with their approval.
The Rev Hugh L. Momoaamn, who
at the age Of 10 worked in the mine:
of Pennsylvania as breaker boy.
preached a labor sermon in the Cath
edral of the Immaculate Conception
today, In this ne declared strongly
for the closed union shop If it is
necessary to advance the cause Of
the workers." at the same time urg-
ing that labor purge itself Of all that
is unclean' ard unworthy.
= William H. Johnston, president Of
ther Machinists, who was denied ad
mission to >Russia, ard wassfast heard
from in Berlin en- route for nome, has
been ct:Dlad by representatives Of the
Near EastaRelief Fund TO proceed To
Constant5hople, with a view of help
ing the work when he returas home.
Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1921-06-20
NOTICE

" - 2 .-I5--f3 II = =. J
Owing; to /. Slight accident. yes
terday, one of the Blue Buses is in
,capacitated, and while it is being
repaired the schedule will be slightly
impaired.
Alexandria Motor Bus Co.
146-1c. t".@ ~ ~. = 4,
Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1921-06-20
Friends Say Announcement
of Candidacy Must y
Come Soon
EXPLAIN SLOWNESS
Opening of Campaign to unionize
Steele Industry Postpored-FayorS
Closed Shop

Denver. June 20.-John l.. Lewis
boom for president of the Amer:caa.
Federation of Labor showed signs Of
defiation today. This may have been
partly due to the absence Cf Mr.. Lewis
at Colorado Springs and the work Of
the administ ration mechanics may
be a contributary cause, but main
reason is the lack Of a definite state
ment from Lewis as to where he
stands.
Friends of Lewis have been urging
him to declare his candidacy at once.
If he does, they say, they believe
they can elect min. But, they add,
such q declaration must come within
"a hours to 0e Of much real assist
ance.
There is ground for believing that
failure of the anti-Gompers men &c
produce what they have promised
votes enough 70 win--eXplains lack OF
haste on the part of Lewis in an
nounc:ng himself as candidate.
They have been long on promises and
1.
Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1921-06-20

"a 4ior
The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1921-03-26
WksHINu

Don: wish you could find a !ob-Find IL
Don't wish you could rent your apart
meut-Rsut 90
Don't wish you could cell your sou,s-
Sell H.
The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1921-03-26

pknns a4h pk,ns a.s
The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1921-03-26
DEATHS

tUAht-. hutTaI uf Mar. NrIuIt
have vss H~li this morning l' y 70 clock
from Che %" .dpufe Burial was iu SAINTS
BARBARA UUWrtrr tuuilUif was Too rhar1H
~AAtlIf~ Funeral. ~ Sir u,lfU.
SlHrf,s nIl o. held lrHm fH. residence af
% 90 clock sunday n,1rnius HursI viii boz
Boz santa hNrhhra remetsry Crulloif ls boo
charge
MAHIINfL- GrrgHriu MARTINEZ 20 year.
old died This afternoon 40 bic parents
r'.idpHH. or N1rfh Fourth street IT, is
survived ty tn father and mother and 'vu
sisters Ih" hot1 was taken tH trIll4tf a
iuUersi rar'ors Funeral arrangements have
NOT rst hseu made
PRIEST Ipe Fraubuu Priest o. year old
son ~ VIM A Fris.f. o. NuuufHIuaI- dIrd
her, last night Hr wa. rushed her, for 900
1peratiuu. hNf passed. HsaH before o., ,ruIi
bee operated "a Tho body will b., shipped
thIs evening iH NHnn'Hinair for hurHI
Hlulrnorr d. SON are iu chang.
The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1921-03-26

Saddle DISQUALIFICATION as
New-York tribune., 1921-04-28
Stocks Ex Dividend

A pril ss--Centrai r II of y J.... 2Hs
April 30-Counbia Gas & Ell Co.. u a.
April 3o--Conn Ry e. 1t Co........l1.srs
A prtl 30 do pf ..................11 .11s%
April 30--Coru Exchange Bank. 5co
April 30--Eastman Kodak Co. o..ex 1879
A pril 30--Gilliiand Oil Co, temp pf. go
A pril 30--Norfolk West Ry adj pf 10
A pril 2S--Pacific Bank, 2G extra and 24o
A pril 30--Pullman Co ......... 2eo
April 30--Stew- Warner Speed Corp IF
New-York tribune., 1921-04-28
The Days Bond Market

ne irsosne prints each day tho mo-
''s'sty dotes Of oil active bonnie a.o,ed
on the New York Stock EreAamoe. m.
refarn oss boad to the aaceetor depeads
apo" three fuceors: the rate Of intero.t
shs security bears, tho market pr,c.
o"o the dssfance Of the roturssy date.
To figure the precise yield on a bond u
70 necessary TO use yield tables. out the
approximate yield can roughly 6e figured
ont oy the folIowimg formula: Dsvide
tho closing quotation on bond info
he rate Of interest it poys. and tho re-
suit srsu ss the annuoj return. n "A.
cond is ssiiing beio,c par NON mnst
otaoae CLEO for tbs appreciation Of the
principal. To do this ss4btract the NOR.
sef qnetotion from par. or 100. and d.
psde the remainder By tho number Of
ysors the bonds hos to ,7tm before mo-
tursfn. For cTample, II O. pss cent
oord "a selling at 30 aud Las tcM years
to s7tp, the annual return ,viti bc AZ
per cent. The difference bet,cecn nor
end the market price .ciu be 10 points
saofFdcting 90 from 100. Diridino t<n
points oy ten gears, the quotient soW be
L., This figure is TO be added to $50
sehfeh IS the annual retur,, and the re.
SUIT, 7.s6 per cent, TU give YOU the np-
prorimrte yield.
New-York tribune., 1921-04-28
Reduction i'm British
Discount Rate Urged
Bank Seems Opposed to Taking
Action Now; Maybe in
i'm Two Weeks

LONDON, April 27. YThe possibility
of reduction in the e,nk rate is be-
ing eagerly discussed in Lombard
Street, where the advocates of cheaper
money point to the recent issue OF
Treasury bills at lower rate of in
terest and to the announcement OF a
funding loan as factors bearing in the
way of a reduction in the official mini
mum rate.
During the last few days the I'M
provement in the New York exchange
rate has been considered as another
development pointing toward cheaper
money.
There seems no doubt that the COM
mercial and financial community is
anxious to have lower bank rate,
after twelve months with the rate at
! per cent, but conservative opinion in
banking circles inclines to the belief
that the change may be postponed a
week or two. The Treasury view of
the situation favors a reduction, it
seems to be considered, but those in
touch with the Bank of England be-
lieve the bank, Influenced by other
considerations, would desire to see
conditions more propitious, including
the settlement of the coal dispute and
the .reparations question. before max
ing any change.
New-York tribune., 1921-04-28
Days Ne,U Issues

The first official figures on the Great
Northern-Nortfern Pacific s230,000 900
aond flotation are expected to be made
svai.able to-day by the bankers. While
-he subscription books do not open for
n-liy until this morning, enough work
mas been done, it was said yesterday, to
Indicate that the big issue is going ex-
'remely we'll, and the opinion was ex-
pressed by members of the underwrit-
ing syndicate that the Offering will be
wound up by the end of the week.
The syndicate managers are frown-
lng upon the practices Of some
OF the dealers who are reported
% be accepting the outstanding
loint per cent bonds on a basis
Figher than par, the figure agreed upon.
Ia some cases, in order to swell their
''uers, dealers are said to have paid
as nigh as 101 e for the old bonds, the
premium Of Z per cent making the
cost OF the new issue to the subscribers
ol that basis 95. Where dealers have
oeen found to be operating on this
DasiS 'ne syndicate managers have cut
sneni on the list Of distributing houses.
a cneck also is being kept upon dealers
VINO have taken block of the new 6tss
saa have Immediately turned around
aad sold them in the market at The
ssue price. Institutional buying of
ne new issue continues in heavy vol
sl ame. Exchanges of the old bonds for
sue new are running at the rate af so
ssl cent OF ailotments in the case of
some houses.
"A new issue of $685. 900 City Of
sylacuse per cent school and sewer
soio ponds and s y per cent street and
suproyement gold bonds is being of
u.slea by Eastman, Dillon & Co. and
nulnoiower L. Weeks. These bonds are
sAssmpe from all Federal and New York
rsst te income taxes, and are legal in
.ss .ssmeht Tor savings banks and trus-
..ss .ss IA New York and all New England
,a.es. ,aa, Maturities range from 1922 to
IA. ~.i. inclusive, and the bonds are being
800 per cent. ~ ' ~
RI, pI,n.s'aDrook & Co. and Hannahs,
ssain 4 Lee bought an issue yester-
10y OF 1926, 900 Nassau County s per
ws;s, vJMs serial bonds, due 1881 to 1910,
no. a'eh are being offered on a 5 to 4.85
peg cent basis.
b;d me State OF Washington will open
loo saos 90 on Saturday on an issue Of S6,-
iss;s iv,ooo soldier bonus bonds. The legis-
,sau; ,ss.sun under which the bonds are au-
o. sslssed as provides for the sale either
tv. I'VE to nineteen year serials or
rs.s,asy-year bonds, with the option of
iement IN FIVE years.
by ~ y ordinance was signed yeste rday
,S..M; mayor Moore of PhilaAclphia au-
lass lang the creation of q municipal
VIII. OF 100000, the proceeds of
st,saa tsn Will be used for repairing the
if,ssss' ifssss' The maturity IL limited to
10. assssh years and the interest rate is
" exceed 5ls per cent.
h oohds .as called for payment in May
ga osouvance orn of maturity aggregate $4,-
ths h'sov, compared with $3,7e6, 200 in
"a ~ ,ssurrent month. The largest item
tia, ae United States Steel Corpora
s2aoss SAD SINKING fund 5s of 1868, of which
nassts,vVo nt,vVo have been drawn and are
New-York tribune., 1921-04-28
Pennsylvania Cuts
Dividend Rate to
4 Per Cent Basis
Announcement of Reduction
From & p. C.. Causes Sell
ing of Stock, Although
Action Had Been Expected

Pennsylvania Railroad directors
meeting in Philadelphia yesterday
voted to reduce the annual dividend
rate from per cent to 4 per cent
on the s4se ,265,7oo capital stock out
standing. AS the par value of each
share is 500, the quarterly dividend
Of l per cent declared is the equiva-
lent Of so cents share, contrastcd
with 70 cents share pnid heretofore.
Although there had been a belief in
some quarters that the company's divi-
dend rate would be lowered, the an
nouncement of the result of vester-
days meeting, which reached Wall
Street shortly after 2 o'clock, caused
heavy selling of Pennsylvania stock.
In the morning trading the price had
advahced to "a, but when it became
known that the distribution to share
holdeEs had been curtailed selling or
ders cErricd >the quotation at the close
down to 81, net loss of IS points
This compared with a low price for
the year of 32ss
There are about 1876, 900 stockh olders
who will be affected by the cut in the
dividend, which brings the total dis
tribution for the quarter down to APP
proximately s5,000000, contrasted with
$500, 900 required under the previous
rate of II per cent.
The Pennsylvania Railroad in the
first two months of 1921 reported
total operating deficit of S3.284,72S,
contrasted with al operating deficit
for the corresponding period of the
preceding year amounting to Sl3,428,-
795. With the aid of government COM
pensation the road last wear. however,
was able 70 maintain the per cent
dividend, the annual report showing
the full amount earned, with a slight
margin to spare. Last November the
company started to reduce its expenses
by dismissing thousands Of employees
and in curtailing the purchase of ma
terials. This was followed by asking
all officers and workers to accept a re-
duction il pay to permit the company
to meet expenses. 1t was generally
expected the stockholders would share
in the general reduction of earnings.
The Panhandle. the operation Of
whicA the Pennsylvania assumed on
Jar uary ], had total deficit for the
fg' two months of 1921 of $2,700,337.
against loss. the preceding year OF
s583,l6o.
The Pennsylvania has been paying
per cent dividends on its stock since
1908. In 1907 the rate was per cent,
in 1906 6la pei, cent and from 1900
to 1905, inclusive, 6 per cent.
New-York tribune., 1921-04-28

Joint 15-Year 612%6 Convertible Gold Bonds
and O. lateaD
January
convertible of the
of Northern
company thern Raj
dTN
edmp mpuonda
% h s pnraEs
g
THE FIRST crxo HEwyo
"e 'S" N07h~" Roa"u AhIs
New-York tribune., 1921-04-28
Steel Mills Resu1ning
Dispatch to The TrIbun

SHARON, Pa, April 27.-Five hun-
dred men will return to work Sunday
night at the sheet mill of the American
Sheet and Tin Plate Company at Far
rell, when it will resume operations
after three weeks shutdown. Six
teen hot mills at the plant of the same
company in Farrell also will resume
Sunday at midnight, affecting 1000
men
New-York tribune., 1921-04-28

l0i os 1921 assa ,sSr -"
,oo4 ,,,i seA ) -. asb
,n9 lilo u 80. S5A
,1c.s ss 1883 Norf r w cv
,o" ~" sss.- 81 S. 1920
wv ~ S0n EieC debf A fnai.
New-York tribune., 1921-04-28

chusetts, Connecticut and Vermont Both such
Northern Pacific Bonds and such Great Northern
Bonds are, in the opinion OF counsel legal invest
fnent tor life insurance companies in the state of
New York
Earnings During the ten and one-half years from
1911 to 1920 inclusive, the combined av-
erage surplus income Of the Northern Pacific and
Great Northern Railway Companies, after payment
OF combined fixed charges, other than the interest
on the outstanding joint bonds which are to be re-
funded by the new ISSUE was about S44 100000
annually, and, in addition, the share Of the two
roads IN the surplus income of the Chicago, Bur
lington and Quincy Railroad Company, after the
payment OF its fixed charges, averaged about
Szo9oO0OO annually the total annual average being
about So4,96O,OOO compared with sl4.o5O 600
which will be required annually for interest on the
new issue OF Joint o1aeo Bonds
Equity Since July /, 1901, the Chicago. Buriing-
ton and Quincy Railroad alone has in
creased its surplus in the amount of approximately
S1OOoOOOO0 against which no securities prior to the
stock have been issued. The combined net assets
OF the Northern Pacific and of the Great Northern.
after deducting their prior debts together with o7
of the net assets of the Chicago, Burlington and
Quincy Railroad, after deducting its debt. indicate
an equity at book value, for these properties of close
to 81 lloo,oO0.Ooo.