davidaulloa/AmericanStories huggingface dataset:
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-07-25

son this Friday evening in Scout hall.
Mrs. Sargie Warren and children
Lloyd and Donald. were visitors in
Pittsfeld Wednesday.
Miss Lizzie Gerrish Of West Med
ford, Mass. who is passing the
summer in Pittsdeld, is a guest of
Mr.. and Mrs. SarSie Warren of Water
the late Rev. A. r. Gerrish, former
pastor of the old Free Baptist church
OF Oakland, and for. many years was
about six years ago to go to West
Medford, Mass, and make her home
with relatives.
Mr.. and Mrs. Herman Tracy and
sons Junior and Eugene. of Show
hogan are visiting Mrs. Tracys aunt
Mrs. Alden Savage.
A very interesting collection Of old
coins and paper money, the property
of Mr.. and Mrs. j. Walter Welch, on
exhibition in the window of the
Augusta Trust Co., is attracting con-
siderable attention. Coins from near
ly every country on the Globe are
represented in the collection, includ-
ing Morocco and Hindustan and all
the countries of Europe and South
America. Some of the ancient Roman
coins date back as far as Augustus
Caesar, B. C. Among the collection
of silver coins Is q tiny piece from
Hindustan said to be the smallest
silver coin ever made and is also one
of the oldest silver coins in existence.
There is a collection of old Roman
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-07-25

coins dating back to Bible times.
Many silver and copper coins bearing
the date of 1904 and upwards are
shown. There are U. S. copper cents
for every year except 1893, 1899 and
1904 up to 1857 and nearly all the
half cents from 1900 to 1851. The
five cent pieces are of various de-
signs. some inscribed with stars and
bars. others with stars without the
bars. the Liberty Head without the
words five cents" etc. There are
silver dimes and half dimes and three
cent pieces of silver and nickle.
There is collection of silver half
dollars dating from 1906 to 1870,
and collection of silver dollars
dating from 1898 and up. In the COL
lection of gold pieces are several of
octagonal shape which are much
admired and there are two gold
quarters dated 1853 and 1879 and a
half dollar of 1860, an octagon gold
dollar dated 1854 and a round dollar
dated 1858. There are also two of the
two and one-half dollar gold pieces
dated 1916 and 1854, a three dollar
gold piece dated 1855, as we'll as gold
pieces of higher denominations.
Army and Navy cents of Civil War
days, dating back to the sixties, are
shown. Issues of u. S. Script, a
Confederate bill and bills of broken
banks, dated in the ffties, and Con-
tinental currency representing from
81 to 81 are shown. There are also
specimens of German marks of vari-
Gus denominations aggregating some
81 million, worth today about 81 in
our money.
Mrs. Annabel Lejedor and son,
Phillip, who are passing the summer
with Mrs. Lejedors mother, Mrs. NJ.
A. .Welch of Benton were calling on
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-07-25
OAKLAND
Church Notices

Methodist church, Rev. J. L. Pin.
kerton, pastor: Morning service al
1870; subject, 1.-THE Sword Of the
Spirit" S. s. 1145, N. B. Woodsum
Supt.; evening service at 7.30; mid.
week prayer meeting Thursday eve.
ming at 100.
Sidney Methodist church: Service,
Sunday afternoon at go, conducted
by Rev. J. L. Pinkerton, followed
by the Sunday school, Ernest Lewis
Supt.
United Baptist church, Rev. Fran.
els S. Bernauer, pastor: 1890 A. M.
public worship: subject, do We
Live In Moral Universe?" Tenor
solo. James B. Neel; - noon, church
school, Arthur NJ. Greeley, Supt.,
$50 p. NJ, c. E.; 7.3O p. NJ, people's
service; subject, THE God That Ans.
wereth by Fire" Mrs. Bernauer solo.
list and song leader.
services at Asa Bates Memoria
chapel at Oakland Heights, Sunday
at p. M, with preaching by Rev
+. 8. Bernauer.
Services at lockwood Corner ar
sunday at P. M. Mrs. f. s. Ber.
nauer will speak and sing.
Merl Manter has gone to the Cen.
trai Maine General hospital In Lew.
iston for treatment.
Mr.. and Mrs. Alden Savage and
daughter. Ruth, are passing a two
weeks. vacation at Birch Point, Sal.
mon Lake.
Mrs. F. H. Leech entertained
The Christmas Club" at an all da,
picnic Thursday at her sottage a,
Lakeside. The day was pleasant,
passed In a social way and a de
Icious dinner consisting of fish
chowder, assorted sandwiches, sal
ads and pastry Of all kinds, wa.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-07-25
STATE OF MAINE
y.hac sc In Equity
STPREME JUDICIAL COURT
Charles L. Warner

pohac IS In Equity
heh SflPREME JUDICIAL COURT
Charles L. warner
The Portland Foundry Company
Order of Notice
On the foregoing bill in equity pre-
sented nv Charles L. Warner, Presl-
Sent Of The Portland Foundry Com
nanv- against said Company. alleging
That the stockholders of said corpo-
ration on the eighth day or july
1925. voted to dissolve said corpora
tion and that there are no exlstlns
liabilities or assets of said corpora
ton and praying for dissolution OIL
said corporation; b,a
ORDERED: That a hearing be had
at the Court House in Augusta. Maine,
on Wednesday, the nineteenth Gay OF
August, 1925, at ten O'Clock a; NJ, az; anu
that notice of said nearing ne sIntI
by serving an attested copy o1 saln
bin and this order of court thereon
on said corporation thirty uayS a.
least before the date of said nearing.
and Inv publishing an attested copy OF
this order once a week for three sue
cnssive weeks in the Kennebec. Jour-
nal a newspaper published at Angus
ia. Maine, the last publication TO pc
ar least fourteen days before the GATE
of said hearing.
Dated July Is, 1923.
Before me,
NORMAN l.. BASSEII,
Justice Supreme judicial court
(SeaD
4 Att trge copy C. w. JONES, clerk.
ilyfS-25-aug1
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-07-25
PROBATE NOTICE

Notice Is hereby given that the FOL
lowing appointments were mage ~. by
rho Probate Court within and for the
County of Kennebec, and SAID ap-
pointees duly qualified as follows:
ABBY L. Eveleth of Hallowell and
Horace E. Bowditoh of f. A 1,spa ABBOT So
Eyeleth, late of Hallowell: qualified
July 10. 1925.
Emma L. Richardson Of FARMING,
dale executrix of th9will of nailiaro
p. Richardson, late or Farmingdale,
deceased; qualified July 10. 1879.
3. Ralph Cram of Mt. Vernon; ex-
ecutor of the will of Jesse Hoplnson'
late of Mt. Vernon, deceased; quail
fed July 1S, 1925.
Zen Poulin and Leonce Poulin,! both
Of Augusta, executors of the Will OF
Hillaire Poulin, late of Augusta, de-
ceased; qualified July IS. 1925.
mabel q. Yeaton Of Winthrop, ex-
ecutrix of the will of Freeland A
Yeaton, late of Winthrop, deceased;
qualified July IL, 1928.
Lucinda B. Trundy and Augusta a.
over, both of Hallowell executrlces
- the will of Rose b. George, late OF
Hallowell, deceased: qualified July 10
1925.
blanche q. Mallett of Readfield. ex-
ecutrix of the will of Ida B. Williams,
late of Readfeld, deceased; qualified
July 10, 1925.
Eva Mudgett Clark, Of Lake View,
Piscatauuis County, administrator ae
bonis non with will annexed OF tne
estate of Dennis @. Mudgett, late OF
Albion, deceased; qualified July ID
1925.
Merrill L. Chalmers of Albion: ad-
ministrator of the estate of Lilian "
Pray, late Of Albion, deceased; quah-
fled July 10. 1925.
II. +. Jones Of Fayette. administra-
tor of the estate of Peter Auard, late
OF Favette, deceased; qualified July
IS, 1925.
Norman L. Bassett, executor of the
of Helen Williams Fuller, late of Au-
ffs SSsa' oe'eaSe''
Prank z. Southland, executor of the
will of Esther A. Cargtll. late of Az
gusta, deceased; qualified July lS'
1925.
Roscoe L. Weeks of Halloween,
guardian of Raymond 3. Weeks of
Hallowell; qualified July 13, 1925.
Bernard z. varnum of Augusta, ex-
ecutor of the will of Ferdinand Bouriel
late of National Home. Togus, de-
ceased; qualified July 10, 1925.
Ben Poulin and Leonce Poulin, both
of Augusta, executors of the will of
Eugenie Poulin, late OF Augusta;
qualified July Is. 1885,
Arthur Holt of Augusta. admins
traitor of the estate of Edward Willett,
late of Clinton, deceased: qualified
July 10th, 1925.
Attest: r. w. LEIGHTON,
Register of Probate.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-07-25

KENNEBDC COUNTY.-In Proh3
Court, held at Augusta, on the ~
day of July. 1925.
On the petition of Alfred Parcel
Mt. Vernon representing that be
the holder, of legal contract IA
by Noah a. Clough, late Of Mt W
non, deceased, to convey certain n
estate, namely: Real estate sltua'3
in said Mt. Vernon, fully Sescribed
the petition now on file in said ees5
that said deceased was prevented
death from conveying said eslil]
and that the petitioner Is READY
perform the conditions OF said scj
tract, and requests that the exscun33
on said estate may be authorize
convey the same: h
ORDERED, That notice thereof
given three weeks successfully pl3
to the fourth Monday of July next
the Daily Kennebec Journal, NV
paper printed in Augusta that all y
sons interested may attend at ~
of Probate then to be held at Augsa
and show cause if any, why
prayer of said petition should n@
granted. -
HAROLD f. COOK. !nl1
Attest: r. w. LEIGHTON, Ress'
y11,sat.3t
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-07-25

PROBATE NOTICE. Notice is here
by given that on the twenty-first day
of July 1925. Alton r. Hussey of Vas
salboro in the County of kennebec,
was by the Probate Court for the
County of Kennebec duly appointed
conservator of the estate of frank w.
Allen of Waterville in said County,
and that on the same date said Alton
+. Hussey qualified for and accepted
said trust.
Attest: r. w. LEIGHTON,
Register of Probate.
jly25. sat,3t
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-07-25

PROBATE NOTICE. Notice is here
by given that on the twenty-second
day of July, 1925, Eva Lavoie of Au-
gusta. in the County of Kennebec,
was by the Probate Court for the
County of Kennebec, duly appointed
ADMINISTRATIVE of the estate of Alfred
Lavoie, late of Augusta in said Coun-
ty, deceased, and that on the same
date said Eva Lavoie qualified for and
accepted said trust.
Attest: r. w. LEIGHTON.
Register of Probate.
jfy25 ssatSt
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-07-25

Church street. Cards and dancing
were enjoyed and refreshments were
served. The guests were the Misses
Nellie Wood, Ruth Savage, Frederick
and Eugene Scribner, Gerald Hallett
and Norman Blake. beside the two
hostoeses. Bertha and Helen Sim
mons.
Troop No. of the Boy Scouts will
hold their first meeting of the sea-
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-07-25
Funeral for Sarah Berry

Funeral service for Mrs. Sarah
Berry was held Friday afternoon at
the home of her son and wife, Mr..
and Mrs. Coburn Berry of East
Front street at $50 o'clock. The
Rev. Charles H. Mckinney of Madi-
son,S formerly pastor of the Island
Avenue Congregational church Off
ciated. The burial was in the fam
lily lot at Southside cemetery, the
bearers were two nephews, Calvin
Holt of Hallowell, Elmer Pinkham
of Augusta and Lester Clark OF
Skowhegan and George Taylor OF
Athens, Out of town people attend
ing were Mr.. and Mrs. William Ber-
ry, Pittsfield: Calvin Holt, Halo
well; Elmer Pinkham, Augusta; Mr..
and Mrs. George Taylor and Mrs.
Eta Berry, Athens, and Mr.. and
Mrs. Clarence Holt. Hinckley.
Mr.. and Mrs. C. H. Eldridge OF
Troy, N. Y, are guests of Mr.. and
Mrs. D. Hamlin Bartlett.
Rev. DIN Hobbs Tracy, formerly
pastor of the First Baptist church
was in town Friday. officiating at
the funeral service of Mrs. Annie
S. Nolin.
Miss Marion Smith of Farming.
ton, who is passing the summer with
her uncle and aunt, Mr.. and Mrs
Charles H. futile of the Notch road
has gone to Old Orchard to pass q
few days with her mother, Mrs. Alb
bic Smith, and sister. Miss Mildred
Smith, who are passing the summer
there, and will also visit friends In
Augusta, where the family formerly
resided.
Mr.. and Mrs. Joseph Kirsthner
son Winfred, and daughter, Eliza.
beth, of Augusta, were recent guest:
at the home Of Mr.. and Mrs. Charles
H. futile.
Miss Amber Colby of North An.
son Is surgical patient at the Som.
erset hospital.
DIR. L. B. Marston Of North Ancor
was in town on professional business
Wednesday.
Mr.. and Mrs. NJ. II. Plummer OF
Rochester, n. Y, are guests at the
home of her brother and wife, Mr.
and Mrs. Eben B. Chase, on Madison
avenue.
Mr.. and Mrs. Wallace Martin
daughter Myrtle of Boston and Mr.
Martins niece, Miss Louise Topper
of Cambridge, Mass, motored tc
Skowhegan and are guests for sew.
eral days at the home of Mrs. Mar.
tins uncle and aunt, Mr.. and Mrs
Harry A. Dinsmore, on East Front
street.
Sheriff John w. Healy and Deput,
Ernest Cook of Athens were in the
eastern part of the county on officfa
business the middle Of the week.
George Wing of Athens, who ha.
been a surgical patient at Somerset
hospital. has been discharged anG
has returned home.
Mrs. Nat johnson accompaniet
her daughter. Miss Lucy johnson
to Augusta Friday morning for 8
brief visit at her former home. Mrs
Margaret Cummings of Augusta /.
assisting her parents, Mr.. and Mrs
Nat johnson, in the Oxford Drul
store.
Louis r. Root of Boston and New
ton, Mass, was a business caller In
town Thursday and also called OF
friends.
DR.. Allen Woodcock, a we'll known
specialist Of Bangor. was in towr
III oudy at the oOllleTSeL nOSpllaI
consulting with DR.. c. Earl Richard
son.
Louis Klocko was given so days
In county Jail Friday morning by
Trial Justice, John II. Lancaster
being charged with vagarancy, hav.
ing been apprehended in Athens b,
Deputy Sheriff Ernest Cook. The
States witnesses were Millen J
Hight and Deputy Cook of Athens
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-07-25

PROBATE NOTICE. Notice is here
by given that on the seventeenth day
of July 1926, Charles L. Andrews of
Augusta in the County of Kennebec,
was by the Probate Court for the
County of Kennebec, duly appointed
Haines, late of Gardiner, in said coun-
ty. deceased. and that on the same
date said Charles l.. Andrews quail
fed for and accepted said trust.
Attest: r. w. LEIGHTON.
Register of Probate.
i1yoS
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-07-25
ilY1S.Sat.3t

PROBATE NOTICE. Notice is here
by given that on the twenty-frst day
of July, 1925. Nellie NJ. Fairfield of
Augusta in the County of Kennebec.
was by the Probate Court for the
County of Kennebec, duly appointed
administrator of the estate of Mar
tina A. Merrill, late of Augusta, in said
County, deceased. and that on the
same date said Nellie NJ. Fairfield
qualified for and accepted said trust.
Attest: r. w. LEIGHTON,
Register of Probate.
i1yoS cot Or
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-07-25

PROBATE NOTICE. Notice Is D. \
by given that on the first day q Y
1925, Fred D. Choate Of Augus1 !,
the County of Kennebec, was oyvss
Probate Court for the County OF N
nebec. duly appointed executor q
will of Rcselinda c. Choats, an'
Augusta in said County, deeeaSea. I
that on the same date said rlsa
Choate qualified for and accepted :
trust. ,nv
Attest: r. w. LElGHIys,a,.
Register Of ProOa'S
ily11 sat.3t
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-07-25
jly11, sat,3t

PROBATE NOTICE. Notice Is .. ~
by given that on the twenty ,ss,s
day of June 1925, Byron 4. Msss
Winthrop in the County OF h sar .
was by the Probate Court TO- nal,;l
County of Kennebec, duly appxM
administrator of the estate OF ~
Mead, late of Winthrop In saiu "a
ty, deceased, and that on tnsa
date said Byron A. Mead quaiin'' 4
and accepted said trust. ,roN
Attest: r. w. LElSrIp .chait
i1,-11 cot %
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-07-25
ily11.s at.3t

PROBATE NOTICE. Notice y ~
by given that on the THIRTEEN ~
June 1925, Edward o. Brown o. "
salboro in the County of henn't|
was by the Probate Court lor Y
County of Kennebec, duly. appy9s,l11
administrator of the estate o.
E. Brown, late of Augusta IN
County, deceased, and that on IN
same date said Edward y. "a
qualified for and accepted sag =,
Attest: r. w. LElI1n nJ
iIv11 Saf az
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-07-25

PROBATE NOTICE. Notice y 4,
by given that on the seven'n =, WI
July 1925. Edward J. Turner a ~ Il
low in the County of Ken lna 1CcuD'
Of Kennebec, duly appointed A. d
tor of the will of Annie Iufa asesssI
of Winslow in said County, saM y
and that on the same date sem srd
ward ]. Turner qualified luz
copied said trust. -,orJToN,
Register of PfOO''
jly11,sat.3t
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-07-25

Mr.. and Mrs. Walter Weich
day.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-07-25

a.. s.
Attest: GEO. F. GIDDINGS, Clerk.
A true copy.
(SeaD
Attest: GEO. T. GIDDINGs. Clerk.
jly25d1t
Twin city review. [volume] (Champaign, Ill.) 19??-1929, 1925-05-08

ed States will have a hard jeb to
refute.
Sensational cables describing Eu.
rope as about TO burst into a holo-
caust of slaughter because Of the elee-
ton of General Hindenburg as presl.
dent of Germany should be taken
with several grains Of salt.
nindenburg was elected by eensld-
erably less than a million plurality
out of total of more than 3o,ooooo0.
In other words, almost as many per
sons voted for Hindenburg's leading
opponent, Marx, as voted for the gen
eral. Ii the vote of the Communist
candidate is added TO that of Marx,
il is found that in reality Hindenbufg
is minority president.
That means that more than half Of
the voters in Germany are opposed
to Hindenburg and his policies. Grant
ing that Hindenburg menaees peace
as much as the alarmst correspond.
entS say Hindenburg would not have
things all his own way If he sought 10
embroil Germany In war. Such a
move might lead to another revolution
and the utter rout of the monarhists
and militarists.
Then, TODD, the fact that lA,64S, 10
Germans voted for Hindenbufg does
not mean that they all indorse his
policies, whatever the generals pei
icies really are. SO many factors en-
ter into an election, as We In America
know, that it is usually impossible
to tell just what elects candidate.
Great numbers, perhar millions, of
Germans voted for Hindenburg be.
cause they believed in militafist
Germany constantly shaking the
mailed fist al her neighbors,
There is plenty of room for real
concern, but there Is 20 need 10 be.
come wildly excited or frightened over
Hindenburg's election. His victory Is
greatly to be regretted, but that II
necessarily presages general war Is
a far-fetched conclusion. Gables pre-
dieting general war sell newspapers
but they cause a lot of needless fear
and anxiety. Newspaper editors aud
publishers would do well to keep this
in mind.
Twin city review. [volume] (Champaign, Ill.) 19??-1929, 1925-05-08
Private Savings Quickly
Changed Into Capital

Washington, May 5.-"ln our mod
ern society, public and private saving,
are quickly transmitted into capital
available for production" declared
President Coolidge in his radio al
dress on the opening of the Women
World Fair in Chicago. Ihe IN
creased production makes goods more
plentiful, and therefore cheaper, and
at the lower price level people can
afford to consume more continued
the President.
The philosophy that increased pro,
duction makes goods more plentiful
and therefore cheaper harks back 10
the childhood of the competitive sys-
tenn when rivalry among manufactuf-
ers for business, with its lnevltaoie
price cutting, was regarded as lVo
ner cent protection for the ultimate
consumer. :.
To destroy competition despite IN
creased production costs, manufaelur1
ers early resorted to combinations ana
trusts. -;
Congress passed the Sherman ANU
Trust Law to compel competition Dy
outlawing all combinations TO coh'roi
it. , H.
Then the Supreme Court vetoed the
Sherman Act by a decree when oe-
clared that reasonable combinations
would not be considered as VIOLATIONS
of the Antitrust Law.
Since then the universal court piac-
tice has been to uphold manulac!uf-
ers' combinations to maintain price
despite reduced production costs. rms
is about the only way that watete0
stock CASUALLY called common stoch'
is placed on a dividend basis. =,
1t may also be pointed out that
hundreds of millions of dollars OF
the peoples savings" have within the
last few months been loaned by the
banks to brokers to finance the orgy
of speculation which, in the language
of the New York Annalist, drove Sc
curitv prices "above the level lndl-
Gated by a rational estimate OF earn
ines probabilities" and maintained
them for a number OF months d'
CLEARLY excessive" figures. -.
As an aftermath of this conspiracy
financed by the peoples savings, me
friends of the people in Wall olfeei
pulled away the artificial props anu
knocked security prices down 10 ID .
noint where they BOUGHT them BACK
for two billion dollars less than Yll5 5
figures at which they were uhioaoe'
on the savers"
Twin city review. [volume] (Champaign, Ill.) 19??-1929, 1925-05-08
WHO WILL GET THE SAVINGS FROM
ELIMINATION OF INDUSTRIAL WASTE?

Washington, May >. Organized
employers and engineering societies,
with the assistance of the |. 5. de-
partment of commerce, are engaged in
a nationwide campaign to eliminate
industrial waste.
1t is maintained that in some way
the savings effected by the elimina-
ton will largely be reflected in lower
prices to the consumers and higher
wages for the workers.
The railroads are pointed out as an
illustration of this theory. 1t Is
claimed that during t he last three
years there has been an increase in
freight handled accompanied with no
material advance in operating eX-
penses, slight decrease in rates and
occasionally a small increase in wages.
The truth is that in the railroad III
dustry the major portion of this So
called saving has been used by rail-
road directors to pay dividends on
watered railroad stock.
The Southern Railway on May l.
1924, put its 100000 shares of COM
mon stock on per cent basis. This
dividend absorbs $4,000, 600 per an
mum of the economies resulting from
more efficient operation. Many other
railroads have made similar disposl,
ton of their economies and Wall
Street authorities tell Us that more
common stock issues are scheduled to
go on a dividend basis within the near
future.
In fact, the existence of hundreds
of millions of shares of common stock
in the hands of investors and specu-
lators, all clamoring for return" ON
their property, is the greatest obstacle
to either workers or consumers oene-
fitting from the economies in question
An outstanding illustration OF the
difficulties that the wage earners and
Twin city review. [volume] (Champaign, Ill.) 19??-1929, 1925-05-08

the consumers have TO meet in realiz-
ing any of the savings due TO the
elimination of industrial waste is at
forded by the recent financing of the
Dodge Motor Company by Wall Street
interests.
The promoters paid for the company
by selling $4,000, 900 worth of bonds
and $4,000 shares of preferred I per
cent stock AT par, a total Of 100000
600. With each share of preferred
stock, the promoters gave bonus of
one share of common stock and kept
500 1000 shares of common stock for
themselves. There are consequently
/ $4,000 shares of common stock out
standing which at present are not on
a dividend basis.
For years to come every effort of
the management of the Dodge CON
Germ will be conseerated TO creating a
surplus that will enable them to pay
dividends on this common stock.
Unless they are subjected to intlu-
enceS persuasive enough to overcome
their veneration for the rights" OF
the common stock owners, the pro-
moters Of the Dodge Motor Company
will use the Savings" resulting from
the elimination of industrial waste in
their plants not to increase wages,
shorten hours or reduce prices, but
to screw out profits large enough to
give market value to the reams of
common stock that represent nothing
but water. The same reasoning APP
plies to every other corporation load
ed up with common stock.
Organized labor has some of this
influence TO use in the interests of the
workers. To get any portion of the
economies resultino from the savings
on waste will require vigorous use of