Evening star., 1922-08-22
c. & 0. OFFERING
TO STOCKHOLDERS
May Take New Issue of Pre-
ferred at Par to 20 Per
Cent Of Holdings.

The Chesapeake and Ohio IL offering
its stockholders privilege Of subscrib-
Ing 1t par to 20 per cent of their
present holdings in a new 6h per
cent cumulative stock. convertible
into common. The amount Of the
present issue Of preferred will be
approximately t12.65S.5oo. Proceeds
will be devoted to additions and bet
terments.
Rights will accrue to stockholders
!of record September and must be
executed on or before October 2. The
Offering is underwritten by Kuhn.
Loeb q Co., and the National City
Company Of New York.
Stockholders will be asked at q
sp:siai meeting. September 20. to
fssrsa Stock t0 q bsS CO. sboye prs
series A. The remainder of the pro-
posed authorised issue will be re-
served for future issue, but 1t will be
provided that "the amount Of the
preferred stock at any time out
standing shall never exceed one e.half
Of the amount OF common stock out
standing October 2, 1922, plus one
half Of the amount Of any common
stock issued by conversion. in accord
ance or the terms thereof of any of
the convertible bonds Of the company
existing on that date. plus one half
OF the amount paid in, in cash or
property, for any additional common
stcck thereafter issued"
In circular which is being sent to
tockholders the company refers to
ts plans for Improvement of the
property, estimated to cost, inclusive
Of incidental charges to operation of
about $l.5oo.oo a total of about S16.-
100000, and to be complete during
the next four years. 1t is estimated
| that these improvements will effect a
saving In expenses of about $4.0O0, 900
year. based on 1920 performance.
Present outstanding stock is Ss2,-
!s2,60o. The $l2,55S.500 series A pre-
ferred stock which will be issuable
In case all rights on present stock are
exercised may be increased by 20 per
cent or any additional stock issued
before September 2, in conversion CT
the company's convertible Is.
Police Protection for Bankers.
When several thousand bankers
from all sections Of the country visit
New York next October for the forty
eighth annual convention of the Amer
lean Bankers Association their greet
ing from bankers of the metropolis
and other official bodies will not he
the only note Of welcome extended
Ihe members OF the police force. each
OF wnom Will act as a personal rep
.eeseht1tive Tor the city. will greet
IN contact. and will make 1t a special
part or their duty to see that each
VISITOR TO the convention is assisted
IN whatever way may be necessary.
fnis courtesy and Cooperation on
tne part OF the police department will
hxy
regular convention badge which the
oelegates Will wear. and which will
serve as Identification A number of
patrolmen will be assigned to special
outy. giving their whole time to the
convention. and these especially will
look out Tor the needs of the conyen-
ton visitors; but all others, as well.
no matter In what part of the CITY.
Will be on the lookout for the dele.
service.
Chief Inspector William J. Leahy of
tne department has declared that
shortly prior to the convention in
structions will be sent to each pre-
cinct station. notifying the captains
OF the meeting, describing the badge
and giving the approximate number
Of delegates expected to attend.
which. according to those in charge
will reach nearly 10000. The metal
body of the badge will carry an open
ing for name plate and this will be
topped by a miniature skyline of
Manhattan. Below the name plate
will be a ribbon in the colors of the
city-orange. blue and white.
Harrison Asks Co-Operation.
Fairfax Harrison, president of the
Southern railway. has addressed an
open letter to the public officiaIs of
the south. asking their co-operatoin
and assistance In the company's eff
forts to maintain transportation serv-
ice. After reviewing the events that
led up to the strike. he says:
1T now seems that there is no
hope OF an early settlement of the
strike.
Call is now made upon every en-
ploye. upon every patron of this
company, and upon every citizen
along its lines. to rally to the sup
port OF the road that has served you
and protect your own interest in the
maintenance Of transportation. with
we pledge the resources Of the COM
pany to that end.
III it means war to run the South
erh railway: then let US have it now
L. e. Breuninger. president of the
Citizens Savings Bank, who has been
touring Europe during the summer,
accompanied by his wife and daugh-
ter. has returned to the city. He at
tended the directors meeting OF his
Nathan B. Scott. chairman Of the
board Of the Continental Trust Com
pany, has returned to the city after q
sotourn at Atlantic City.
lRIAnI .TDAnIMN RAnnEDArc