New Britain herald., 1924-03-03

into effect the concern has been doing much better business and the report
 shows that there was gain in sales of s77.36l.75 over the previous year. | The deficit on th-, books of the com pany has been materially reduced during the year.
 The statement to the stockholders follows:
 TO the stockholders Of the National Marine Lamp Company: At the annual meeting of the board of directors held March 20, 1925. it was voted that accountants be retained to make complete. physical inventory and establish a cost system in order that the affairs of the com pany might be run in more intelli- gent manner.
 The auditors reported an cnor- nous shrinkage in inventory amount ing to sl72,000, showing that the in ventory of December 3i, 1922, and some other previous inventories had been very much inflated. This shrink age was found in the quantity of ar ucles on hand in most cases, and not in the value placed on the articles at the time that the inventory was taken.
 As result of the finding of the auditors. a change in management was made about the middle of the year and every effort is being made to conduct the affairs of your con- rany in thoroughly efficient and up- to-date manner
 You will see from the enclosed statement of December Sl, 1923, that there is a deficit of s27s.70S05, a large part of which is due to the shrinkage in inventory. The sales for the year 1928 were se2e.oi0.s1. a gain of s77.S6i.75 over the previous year. On February fl. 1924. the company had on hand. s5e.i41 in un- hlled orders While VIC do not wish to appear too optimistic, we believe with economy and efficiency in man. agement the year 1924 should show substantial profit,
 we are enclosing q proxy, running to William r. Calder. Judge William J. Malone and Alexander Harper and each or any of them, which we would like you 10 execute and mail in the enclosed envelope if you desire 10 support the present management.
 "Please give this your early atten- lion.
 By order of the board of directors,
 WILLIAM F. CALDER. President.
 WILLIAM J. MALONE, Sccy."s
 Police Court
 Mrs Hazel NJ. Frazier was fined N uy sion this morning on a charge of con. lucting a dlsordcrly house on Main street Joseph Martell. Esther Parentc of Springfield. Joseph Carey, James Hinton. Mrs. Eva Rlvenbury of Wind sor and Frank Jackahoski were fined slo and costs each as frequenters of Inc place. The arrests followed a raid n charge Of Detective Sergeant Daniel at o'clock Sunday morning, after several complaints had lrifted into police headquarters about in increasing flow of males 10 the 'lock. wherein the Frazier apartment eas located. In court this morning, the ccuscd were represented by Attorney ioblc F. Pierce. who spoke of the Ntenuating circumstances. saying that he place was merely rooming house nd that the men caught there were corners. The women were visitors, ccording 10 the defense. Assistant Attorney William \. De- nsinr conducted the case for the state.
 Annual Rcccption Planned
 Plans are being completed for the nnual reception to Compounce Tribe,
 Q. F. M., by the members of Kitch- wan Council. Degree of Pocahontas, thursday at Red Mems wigwam. isiting Red Men arc invited 10 attend E well as the local members. The -ibe recently entertained Kitchewan ouncil in a splendid manner. The rogram for inc event will include
 luncheon, an entertainment and ancing.
 "Strongbcart" Tomorrow
 "StronGheart." the act comedy rama of American college life will } presented at the Community thea r on Tuesday night for inc benefit Of fc new St. Joseph's church by the St. ,seph's Drama Guild. The ticket sale IS been so good that practically the hole house has been sold out.