davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1922-11-11
Hutchison Thrift Corporation

.Question-chas. e, Glasser e. Co, Inc,
OF ll5 Broadway, New York City. have
just opened branch office in Syracuse.
Banks and others seem to know little
about them, They are seeking saleamen
TO sell stock Of the Hutchison Thrift Cor
poration, which selIs franchises TO operate
stores Can and win you report to me as
to the reputation of Glesser g. Co., In
Yestment bankers, and ea to Hutchison
i it operating and doing business Ge''Ga now Vi
Does IL seem to be we'll officered and its
cement oao seem eea sooa7 IT'S ssgaTssa to
tied or all paid up7. oiasser & Co are
Offering 100000 stock at $40 par and So
plua, or SIS, TO clients here and In some
eighteen other cities, no doubt where they
claim TO have branch offices. Because
know what you may say. with be broad and
reason write your paper.--J. T. W.
Answer-The Hutchinson Thrift Cor
poration was incorporated about six
menths ago in Delaware with an au-
thorized capitalization of 100000
shares of $40 par value. The corpora
tion plans to sell franchises to OPP
crate Hutchison stores throughout the
country on a royalty basis. The cor
pcration provides the equipment, for
which it charges rental. The royalty
ID one-half of ! per cent Of gross
sales. Certain franchises have been
sold, but no stores have been opened
to date. Steps along this line are ex-
pected soon, however, 1t is said. The
stock III being sold by Charles E. Glas-
ser & Co. at SIS share, the
premium above par going for this ex-
pense. We were incorrect in assum-
ing thsst the corporation was connect
ed with Hutchinson System, Inc, or
with shelley B. Hutchinson. 1t has
no connection with either. DIR. Miller
Reese Hutchison {not Hutchinson) is
president and chairman Of the board
OF directors. Until the corporation
has had sufficient time to demonstrate
its earning capacity, the stock must
be regarded as speculative.
New-York tribune., 1922-11-11
Railroads Earning Power
No. N-N. Y, New Haven & Hartford

I'VE prsscnt In the smb}oinsd ay&ics
the sscentp-fottrtk of eeYiss of fort,
daily discussions oi che present eormifti
po.eer Of the leading Amcricom stsan
railroads. AT the reqaest Of The 7'rib
Nns, these ssadies acre undertaken b,
the Standcrd Statistics Company. Inc.
of Neao York, aehicb has propared til.
pupeys n'ad is securing copyripAt fo,
TEEN tn 1929. The tWentx.ffth artici,
soaN drpsdr to-7ror-votg and soiu deal with
Lehteh VGtleg.-Fsnaacial Edssor.)
The series of events that so nearly
succeeded in wrecking this once sane
property and that reduced Its securi.
ties from the high grade investmen,
class to the speculative level are brief.
ly discussed below.
In addition to these troubles, the
companyss earning power suffered
severely both In 1920 and 1921. and
just. now it looks as though the road
would fall to come through again this
year with its fixed charges fully
earned
Nevertheless, this years operating
results reflect a marked improvement
over those Of year ago and il the i'm
proVement can continue, as under
normal conditions it should, by 1926,
when the next important maturity fails
due, the company's credit may be
strong enough TO enable 1t to reflnance
the issue.
New-York tribune., 1922-11-11
TORONTO RAILWAY CQMrAHf.
NOTICE TO HOIDEA5
Of 454Tc
Toronto Railway Company Bsadi
dfrA August 2fSf 1921.

due August 3Ist, Iszs: .s.,s
NOTICE is given TO holders o. tas sssss sss.
mentioned bearer bonds, payable U sss al
York. that the same will be paid z -, -,
upon presentation and surrender theny, s,sr
70 the Compa ny's bankere, The Cassasa' 49,
New York. on and after November w. "
1922. together with accrued interest q sS ,;.s
per annun1 from the last date upoD 49, ssi
interest was paid TO the date OF pds ~.
2sth February, asss. interest theftcS W.
cease.
Tho Company gratefully aeknewi,ssesesss ssss
the forbearance shown by It's bonaaao1:us's
seerstary
New-York tribune., 1922-11-11
Investment
Information

Questions Of general sntsress 30 IN
vcstors aiH Be ersfeeyed sa this coll
gssas sm schich case esly initials soiu
20 used. Others will Be unsweYsd oy
ssail Address ell i,fqairies, i,cfos-
70 a stamped. addressed snrelops. to
sssancidl Editor. The Tribune, i54
Vdssda Street, Nctc York Csty.
New-York tribune., 1922-11-11
The Dollar in Foreign Exchange
Continued from preceding mage

PERU {par s4s6 a pound)
Cheeks ........ 4.1G 40 3ss
ECUADOR (par 1890 cents q sucre)
1necks ..215o 2l.5O $3.50
CHILE tpar S6.5 cents peso)
Checks .12.00 1885 1oYs
URUGUAY fpar 103.42 cents a pesoJ
=, Checks $3.50 5000 ss,75
VEESNE1DELA ES tpar 1913 cents a bolivar)
canadian Exchange--New York funds II
Montreal, v per cent discount: Montras
funds in New York. " per cent premium
nominal.
New-York tribune., 1922-11-11
United Profit Sharing

csusssson--wtfl you kindly advise me
concerning the United Prof.. Sharing new
etoclss. as I have about 100 shares 3--w. r
Answer-United Profit Sharing new
stock Of 81 par value has paid quar-
tcrly dividends of 15 cents each in
April, July, and October of this year;
current market for the stock is around
6. The company's business is issuing
and redeeming coupons, certificates
cnd other advertising devices. Capital
took outstanding is s4os,535, and sur
aiuss subject to Federal tax, was $685.
03, as of December 81, 1921.
New-York tribune., 1922-11-11
FINANCIAL
HENRY J. EEAEE. Aucttensee.
REGULAR AUCTION eAGB
QTnCE6 Ann RHXYaS

REGTLAg sInaNs AggTios .sS osx,,s sALS
sa srfieE' APHiAs 5s WriIiza y hSkahs srssEs I ssS
WEDNESDAY, NOVEMBER f5th. tbzs.
at 1880 O'Clock. at the
EXCHANGE sALEgRooAss
NOS IA and Is yESEy STREE3s
For Account Of Exscutsssi
50 chs. e. s. 5urnhAm PasAdng q
so shs: .. 8. suruAazn yasaius o
70. fseouns Of Whom, y Ny y. cess,
Corpn prefd.
1000 shs. continsnssi credis csrYe. saz-
500 shs consinsntai Credit cuua ysGt
10 chs chs IneorporassS Issd GO ssss;sss- ss.a
sis, 500 Note OF Revenue Consolidsted 0N
Mines. due septsmbsr I, 1851 va
10000 shs. Revsuus conso'adsaA
$1,000 Notes OF Revenus Consolidated css
sxT,sss shs. Revenue Consolidated Gss
Mines.
s'0'009 iss Lsns MIG. 80 rn.sal,u.rs Gold ss.i E
August. 1874. coupons Iof sssss
300 l shs yrion OH Co, wseas.s. xss1s
prefd Ctr. OF Deposit
10000 shs. Consolidated Mangsness Go. ns
Tss shs. Rainier Motor Corresatfos can
mon.
LASS sns. R,irrla Shell Co
50 shs. Pc aao Coast oeilsssiss. Iisak
100 shs. General Tyaesois sre.
1000 shs. Tubizs Artificial ssfs O.
America prsfd.. Ctf. oS Dspcxs
200 shs. T'ubizs Artificial Sslk o.
Am vi. Class IS cuinfroe t.ts
OF Deposit.
SEQ shs. Orient Mines Cs.
SO shs. Century Oil Co.
80 sias. Vegetable Oil Corpa, psszd
a35s shs. Vegetable OF. Ce,pr. .orree;
ts sha. NJ. NJ. Davis Son. Inc. pfo1S
81 shs. NJ ii. Davis & Son. lac cers'
mon.
40 shs lrosuois Sand : esssi G.
i4a shs. 1roquois Sand Graves O. LIZ.
common.
ia shs. o'Rourks Grass . Engnssssnz
Co. Inc. csefd. -.
90 Units Developmsnt AgrsemsnS es
the Producers psvelopment Co ca
Huntington, west Virginia,
200 shs. Lamson Hubbard Canadian As.
So prefd. ~,
$40 sas. international Q Great Nossnsn
Corpn.
10000 shs. Peruvian Copper snasissns g
v. T. Ctf.
so shs.s sH B. CasIin Co. ccrisres
81 shs. II. B. Cfasiin Co. iss rfsaa'
New-York tribune., 1922-11-11
Eisemann afagneto

Quss4ion4--Some time ago bought for
my grandmother one share OF Eisemann
Magnetic per cent preferred stock at
1880. II has stopped paying dividends
Tor loag time. ! would like 70 know
that It can be sold for. what the market
IS and Ia it worth while holding.--A. J. N.
MISUNDERSTANDING Magnetic Corpora
ton Ia comparatively small company,
With an inventory that represents so
per cent Of assets. Operations for 1891
esulted in q deficit OF about 5000, 900.
Last dividend on preferred stock was
paid May 2, 1921. Present market for
preferred stock Is around SO. The out
look for the company Is too uncertain
80 permit of prediction, and decision as
to whether it would be well to dispose
IT the stock should be governed by the
financial needs Of the holder.
New-York tribune., 1922-11-11
Cudahy Packing Bonds

tsnsstfon-wils you please publish In The
tpuns your opinion on the present price
safes OF the Cudahy Packing Company,
st mortgage bonds. due on December 1,
4sg Ths only two markets selling these
SeSde are Chicago and Boston stock ex-
sspEes. and your paper seldom quotes
,ne4e securities On those marketa. Do you
t'sssriai investrnent for 3 conservative In
stor TIC. 81. w.
Answer--We consider Cudahy Peck
5lg IS, isS6, q good investment se-
sarisy. The bonds are currently
saoted In the market for unlisted se-
sarlties hess around o. bid, offered at
IN.
New-York tribune., 1922-11-11
FINANCIAL MEETINGS

TIE 81 ANNUAL MEETING OF THE
~ oeoGKnoiae,s Ssa OF Stanford, simmonds &
Ss No. 81 Maiden Lane. n. w w
= November 3sth, 1892, at . O'clock n ~,
! ipahs!ar asa books will close November istn
ALFRED 3. STANFORD. Secretary.
New-York tribune., 1922-11-11
pierc.. Builder A pierca

Question--Piease advise me whether an
Manufacturing Corporation per cent
cumulative preferred stock, selling at sS5
q share, is secure and safe.-C. NJ. III.
Answer-Pierce, Butler g. Pierce pre-
erred stock may be considered suit
4ble only for an individual in posi-
ion to keep in touch with the COM
,anv's affairs.
New-York tribune., 1922-11-11
DIVIDEND NOTICES
THE BUCKEYE PIPE TINE C0nPASa

a6 BROADTAfs 4 ..As 81
New York. November 1th, lsss
A dividend of s2.0e per share snu u e
extra, dividend OF $500 per share nas r.sa vsss
deelarst1 on the Capital Stock OF this ..sss tsss
paas, payable December 18th. 1893. 70 49, ss'ss
holders OF record at the close q pls''''s
November 3oth. 1882
J., r. FAST, Secretary
New-York tribune., 1922-11-11
Philadelphia Suburban Gas

ouestion-Can you give ma some in
ermatson regarding the status OF the
Philadelphia Suburban Gas and Electric
Company. Delaware County division. Chep-
sr, Par Is 1t a substantial company p
Miss II. D.
Answer-The Philadelphia Suburban
Gas and Electric Company Is sub
stantial company. 1t is consolidation
II several power, light and heat COM
panies serving territory Immediately
adjacent to Philadelphia. All out
standing common stock of the company
is owned by the American Gas Com
pany.
New-York tribune., 1922-11-11
Bid and Asked

Following are che closing bid ena
asked quotations OF stocks listed or ths
Stock Exchangs in which there wers
no transactions yesterdRY:
New-York tribune., 1922-11-11

Four full columns OF in
oestmesat questions ard an
sscers srilL be published in
The Tribune eUery Sunday
end M0nday. On other days
one full coIuH1D piu appear.
New-York tribune., 1922-11-11

sEstimated. fDecrease.
In 1912 New Haven had already be-
gun to slip. Fixed charges mounted
rapidly, but operating income failed to
keep pace. The result was a con-
stantly diminishing return. The cli-
max came in 1921, when deficit Of
over $14,000,000 was shown after pay
ment of interest and other items
charged against the earnings Of that
year.
The current year, however, had
turned decidedly for the better. II the
coal and railroad strikes had not in
terfered 1t is more than probable that
the company would have been able to
show surplus after ali fixed charge
requirements had been met. But, un-
fortunately, these labor troubles placed
obstacles in the path Of progress, and
1t now looks as though the company
would fall short by about S3,000,000 Of
earning the full amount of these pay
ments.
Dividend Record
The origin of the New Haven system
dates back to 1888, but the present
company was not incorporated until
1872, when the Hartford & New Haven
Railroad and the New York &, New
Haven Railroad were consolidated.
The initial dividend on the stock of
the consolidated company was paid In
1873 at the rate of 10 per cent yearly
and this rate was continued through
1896. From 1896 and into 1913 the
annual payments were at the rate of
8 per cent, after which they ceased
altogether.
New-York tribune., 1922-11-11
Dividend Record
Margin of Safety of Earnings

The margins of safety shown In the
table below are based on the percent
age that income available for interest
and dividends would have to fall or
rise in order to produce sum just
sufficient to cover interest charges and
dividends in those years in which div
i6anda yuera Maid
New-York tribune., 1922-11-11

result Of this some heavy losses were
taken.
These and other similar losses prac-
tically shattered the company's fnan-
cial structure and credit and IL the gov
ernment had not extended helping
hand it is difficult TO see how receiver
ship could have been avoided.
Twenty years ego New Haven en-
joyed the very highest credit and its
stock was regarded as gilt edge In
vestment and sold we'll above two hun
dred dollars share. To-day, obliged
TO rely on the government for financing
Of any Importance, with the handsome
surplus Of former years turned into a
deficit Of nearly $a6,000000 at the end
Of 1921, and It's stock fiuctuating In the
low thirties--a speculation pure and
simple-the property has indeed fallen
from its former high state.
Estimated Property Value
The estimated property value Of the
company is $4S5, 900, or 10 per cent
less than total capitalization. Assum-
ing the theoretical paying OF of bonds
and leased line securities ut par there
would remain an equity of only SGT a
share for the company's stock In esti-
mated property value. The New Haven,
however, has certain assets outside Of
It's holdings In leased lina securities
that might add $40 more share to
the equity behind the stock.
"a
New-York tribune., 1922-11-11
Borne-Scrymser

Question: have consulted you several
-tines and as I always find your advice
thoroughly reliable am taking the liberty
II again asking. I would like to know
IN article in regard TO them from which
I gather that they will soon put stock
IN the market at par 500 per share Is
that correct, and what per cent dividends
Will 1t pay? When will 1t be for sale and
ean II be purchased through f. broker ?
Also. what Is General ELECTRIC Special.
which see will be par value S1of Can
Il be purchased for that. and when. and
what dividend will 1t pay ?--H. ]. M.
Answer - Borne-Scrymser Company
will pay 400 per cent stock dividend
and thereby increase it's capital to
si,000,o00 if stockholders approve at
Il meeting called for November %.
Dividends of 90 per cent per annum
have been paid during the period 1912
'21.. Thirty-fve per cent has been paid
in 1929. This is dividend in the form
Of stock that is being paid to stock
holders and not privilege to subscribe
to new shares at stated price. We
presume the new stock will be listed
on the curb and may be purchased
through any broker, although we do
not know at what price the shares will
be quoted or what dividend will be
paid. General Electric Especial" stock
is listed on the New York Stock Ex-
change and pays 6 per cent dividends.
These shares represent stock dividends
declared to shareholders of the Gen
Aersl Electric Company and are virtu-
IN liy preferred as to diyidends
New-York tribune., 1922-11-11

! BID. Asked.
ADV Runl. :. Is "
do pf. -. 4s1a 80
Air Redu. So. 6l 62
Alb e. Sus. 1904 -
Alieg West. .l00b -
AL A Cabi. .l1T& 122
All I n. Real, sa. :, = = ae
Anal Sug. -. 90th
Am Az G pf.. "a 8e&
A Beet pf. :. T3h so
Am b s J. ps. l10 Ill
Am G F. .l24 126
Am Chicle. Z tn
do p'. "a
Am Coal. 80. IS -
A LARA. 49,. I1M Ia
Am Lin OIL. 33 SO
Am NJ q g.. u u
Am Met H. III lie
Am Rad ps. .ll9 100
Am 8 pf A. .101A Io3
Am snuff. .13s l4e
do pf. ..... a1 lilo
A Steel Y pf. f.lo5M ioT
Am Sum pf. :. so a3
Am Tel & c.. 61 621s
A Whole pr. 81 sl
Am Wool pf. i08A 1o8H
Am w p pf.. 2S 80
Ann Arbor. :. IL 81
do pf. .... 4oA AZ
Art Metals =. ISM
Assets Re. -. / IA
As d G l pf. 81 81
do 2 pr. 81 90
Assoc Oh. .ll6 III
All Petrol. -. 2e IS
Al Rs1n. 1878 l&26
do pf. f......llT% lle&
Atl Tack. 49,. 1sS Is
Aus Me pf. 80 81
Auto Sal c.. 8 An
do pf. ...... i2M fbk
Bald Loco pf. Ito lit
Barn't l. pr. 95 -
Bay,ik Brs. y. 53 IS
do pf. .i12 lie
Beech Crk. 80. STh -
B Nut p pf. .ioT - /.
Both Steel pf. 90 9S,z
do SO pf. Ill lib
Booth Fish. :. Sh IN
Br Elm 8 ! pf 81 10
Brown Shoe. SO 6lh
Bss1's'ss Bum \ { p. easa Il !
do pf. 49,. 90 "a
Buff & Sus. :. 10 SO
Burns b pr ps. -
do pf. .lolM lo2kI
Bush Tor. -. - 100
Caddo Oil. on eRI
Cal Pet ps. -. 81 Aea
Cal s. ArsE. Sc SO
Can South. -. SO IS
Carson Hills. --- 10
Case j I ps.. fs So
Cent RR NJ. .22o gao
Cert Coop. -. 10 42
do l pf.... - 100
Chi & Al ps.. & <&l
New-York tribune., 1922-11-11
virginia-Carolina Chemical rs

Question--Kindly give me your opinion
regarding the Virginia Carolina Chemical
Cornpany's bonds series A. 7s. maturing
l9sf as investment in which sal
ability and fuetuation in market value are
not considerations st. L. L.
Answer-We consider Virginia Caro-
lima Chemical, series A., rs, 1s47, 8
reasonably good investment for g.
business man. The outlook for the
company should continue to improve
as business conditions in the South
become better
New-York tribune., 1922-11-11
kemgtn Arms
Sa asS

l W u " =
Ia 1883
| ] q.
col Is 1g4a
| 10 go. 66&
! 8 67A
Rob & Meyers
s I 7s 1912
| ! 49,. 98L
lRog Brown n
| 7s 1919
| ! 80. as
|St J & q Isl
! 6s I947
| i ~: III
!st L Ir M & s
| "a Riv a. Glf
| div 1898
| = ~. "a
| ss 1881
New-York tribune., 1922-11-11

ss,As 1883 Pore Ma. Mara ~ s. =
II -. s9A 1885
~ &c. 90M / a7
N orl & N EIpeo a. 70 lst
ref & imp Ss 1p4n
q Us 1889 / ysis
-. 81 Phfla Ga a.
4 -. s6n ssr A iaSS
~ Z. - ,oa. 4 g NJ 2 80. esM
' 1870 ! ....f00
=, ,v.. I'm 10 -. 9sM
~ Z AT b P @ O q st l.
os 1873 6s ST A 1870
~. .is0H 4 -. 09i;
n e. < ,osr osne deb SIS g B as
New-York tribune., 1922-11-11

1881 U 8 Realty 5
I ....fe2 Z Sc 1912 W /
-. .l01A ....100is
Tex g. Pac LIST stJUtica Gas Ii
5s 1000 IS 1912
New-York tribune., 1922-11-11

/ ...- n
G Montevideo
Urug Us 1852
! 49,. 91M
8 -. 91
Cy OF Rio de
Janeiro 6 (
So 1AA6
New-York tribune., 1922-05-13
Soviet Detroit Delegate
To Be Deported to Russia
Revolutionist, Former Automo.
bile Factory Worker, Ordered
From u. S. at Once

WASHINGTON, May 12.-N;cola;
Mansevich, officially qualified by Rus
Delegate in the Soviet of Workinee
mems Deputies in the City of Detroit
from the Union of Russian Laborers
at Highland Park" where the Ford
Automobile Companys plants are To-
Gated, was to-day ordered deported d
from the United States by an Immicra
tion Bureau decision approved bv Sec
retary of Labor Davis.
Mansevich, now out on bail. has been
q worker in the automobile factories
but will be taken back into custody
and returned to Russia immediately.
tracing shipments Of revolutionary
and anarchistic literature, special Fed
eral agents found them consigned to
Mansevich, and also found the attic of
his home at Highland Park arranged
for q meeting Of the Union of Russian
Workers, a declared revolutionary or
ganization.
At his original hearing, when asked
as to his views of the pamphlets in
Russian urging general destruction of
government, Mansevich declared, &C
cording to the record, that "as to the
killing of government officials, be-
lieve in those holding positions as
teachers in the different lines of en-.
deavor, but as for those that are for
the oppression and arrest of people,
curse them and believe in their over
throw"
New-York tribune., 1922-05-13
Harding Goes Hungry
When Lunch Is Lost

WILMINGTON, Del, May IL.
Lunch for the Presidential
motor party got lost between here
and Washington, and after tho
motorists had waited for it for
some time at the ferry between
this city and Penn's Grove. N. j.,
they went on without it.
Twenty minutes after they de-
parted the motor car in which the
lunch was packed, pulled in. The
lunch had been packed at the
White House and, owing to some
delay in preparing it, the chauf-
feur was not able to start with
the rest of the party. Conse-
quently he did not share their
immunity along the road, and,
owing to the frequent necessity of
explaining to skeptical traffic po-
licemen that he had the Presiden-
tial victuals in charge and was in
a hurry, he never did succeed in
making up the lost time.
New-York tribune., 1922-05-13
Senate Committee Drops
Campaign Fund Act
Decides 1t Is Without Jurisdic-
ton 10 Consider POmerene
and Nick ellar Resolutions

WASHINGTON, May 1.-THE Senate
Rules Committee to-day refused to
take jurisdiction over the resolutions
Of Senators Pomerene and McKellar
embodying proposed rules against cor
rupt practices in primaries and cleo
tions. The resolutions would exclude
from the Senate any one who did not
file statements Of campaign receipts
and expenditures in the primary and
election contests and who expended
more than the terms of the law allow.
II the Senate should adopt such Il
rule it would, it is argued by its
trainers, prevent unwarranted expendi-
lures in the Senatorial contests this
year.
The Rules Committee held that either
the Judiciary Committee or the Priv
ileges and Elections Committee should
take charge OF q question of this kind
and that the Rules Committee had jnr-
isdiction over rules relating to pro-
cedure and not over the qualifications
Of members.
Senator Curtis, chairman of the com
mittee, was authorized to confer with
Senators Pomerene and Mcclellan and
ascertain their views as to what COM
mittee should take up the subject.
Senator Overman expressed the view
that the way to reach the difficulty
caused by the opinion of the Attorney
General that Senatorial candidates S
need not file statements of campaign
receipts and expenses, was to pass a
new law.
New-York tribune., 1922-05-13
Chamberlain Sees Little
Hope From Conference
British Official Opinion Based
on Failure Of Soriets to Offer
Guarantees to Protect Trade
From, The Tribune. European Bureau

FROM INC 1rtbUne'S European Bureau
Copyright, 1922. New York Tribune Inc
LONDON, May 12.-Austen Chamber
lain, government leader in the House
of Commons, discussing the Genoa con-
ference tonight, said: "I do not know
what the final outcome of the negotia-
tionm will be, but don't think that the
prospects look very hopeful at this mo-
ment."
This epitomizes official British opin-
ion. Newspapers favorable to LLOYD
George have begun to argue that the
conference cannot be called a failure
because it has made a beginning to-
ward European peace. There is no
suggestion from any quarter that
something definite may not yet be ac-
complished at Genoa
The Evening Standard" which is
strongly supporting the Premier, says:
No government can order traders to
enter on a venture which has no bust
hess justification, and traders will as
suredly fight shy of investing in Rus
sia until they are satisfied that they
will be protected. The Russian reply
TO the Allies offers no indication that
the Soviet government is prepared to
take such steps as will attract foreign
enterprises"
New-York tribune., 1922-05-13
British Foresee Airship
Link With Don1inions
Burney's Revised Proposal for
Commerce Line to India and
Australia Favored

LONDON, May 12-The revised plan
of Commander Charles 'Denniston Bur
ney for a line of commercial airships
to India and Australia, which the
Treasury last week said was INSULT
ciently backed financially, was declared
to-day by the Air Ministry as consti-
tuting a more notable advance than
any scheme yet submitted for the utili-
zation of airships in connection with
imperial communications.
The Air Ministry considers the plan
offers a reasonable prospect for the
satisfactory operation of airships be-
tween India and Great Britain. pro-
vided six ships are employed, instead
of five, as if proposed. and provided
also that an airship base with shed
is erected by the India Office 1t is
pointed out by the Air Ministry that
the undertaking necessarily is very
speculative one, especially from the
commercial point of view.
The original project of Commander
Burney was that the airship company
should take over British government
condemned airships and form a COM
pany with 94,,000,00o capital to operate
them. subsidy Of $4,000 from the
British government and e40O0O each
from the Indian and Australian gov
ernments would be asked.