davidaulloa/AmericanStories huggingface dataset:
Evening star., 1928-06-14
ST. MARY'S SEMINARY
GRADUATES II GIRL S
Virginia Ruth Burch IL Valedic-
torian in Exercises In
Maryland.
eneelal Dl.nalch % rhe elar.

Special Dispatch 90 'The star,
ST. MAHY'S CITY, Md, June IA
Seventeen young women were graduated
from st. Mary's seminary here Tuesday
when exercises incident 10 the eighty
fourth commencement were held. They
were: Virginia Ruth Burch. Emily
Marion carscadcn. Katherine Phyla
Chapman, Sarah Christine Combs, Mil
dred Helen Cof0sh, Mary Turner Dent
Frances OiiI, Mary Elizabeth Gonder
Dorothy Mae Harrison, Mary Ann s.
Hodges, Corinne Norfolk Morris, MArga-
rel Anne Peterson, Margaret Ann Smith
Virginia Dare Sellers, Florence Estelle
Sterling, Jane Iegan Turner and D0ro.
thy Adele Tnfyille.
The salutat0ry was by Margaret Anne
Peterson, and the Valedictorian was
Virginia Ruth Burch. George Nafbury
Maekenzie's prize essay, THE Land Gys-
lem 0f Maryland" was read by Sarah
Christine Combs. and The class essay
vas by Margaret Ann Smith. Rev M
a. Baker, rector If fit. Mafy'g Episcopal
Church gave the Invocation, and there
we're number Of musical selections
Charles EterTett GfaysGn, president Oi
the board of trustees, presented the d.
plonlag, and the address 10 the graduates
VAS by Mrs. Edna May Colman, past
president Of the National Pen Women
| " America. Rev. Franklin Lee Metcali
pronounced The benediGtien,
Evening star., 1928-06-14
X-RAY TREATMENT
LAUDED BY DOCTOR
Speaker at Medical Meeting
Says Device Is Becoming
More Useful.
BY the Associated Press.


MINNEAPOLIS, June 1.-THE X
ray is becoming increasingly useful in
combating disease, members of the
American Medical Association were told
at a sectional meeting on radiology to-
day.
Experimentation has revealed new
fields in which treatment is practical.
speakers said, and promises develop
ments for meeting conditions in which
therapeutic measures have previously
been ineffective.
DIR. Herman b. Phillips. New York.
told of favorable results in treating cer-
tain diseases affecting blood circulation.
Recent application To certain skin dis
eases. heart neuralgia and other dis
orders has demonstrated that the treat
ment is invaluable, he said.
Use of lead with the X-ray Is pro-
viding effective in treating cancer,
number OF physicians reported. Some
growths resistant To the X-ray become
sensitive with the use of lead, said DR..
Albert Soiland. Los Angeles. Patients
appear To have less pain after lead
treatment, said DR.. Fl. J. Ullman, Santa
Barbara, Calf.
Asserting that use of iodi2ed salt is
proving OF great value in preventing
goltre in school children. DIR. C. p. KIM
ball, Cleveland. said a study is being
made in Michigan to establish effects OF
its use on growths of long standing.
Evening star., 1928-06-14
FOUR RELIGIOUS
SESSIONS PLANNED
Hood College to Be Scene Of State
Conferences, Beginning
Monday.
snselsl nisn.ten % Tn. etsr.

Special DispNtch 10 Ths Star.
FREDERICK, Md, June i4.~~Four
important state religious conferences
win be held at Hood College beginning
next Monday, when the Baltimore
synod 0f the Presbyterian Church opens
fOur~day session
Immediately after the close III this
conferences the Young Peoples Confer
fnce, embracing Drsebytefles III the Dis
trlct ~ Columbia Baltimore aud Hcw
Castle, Del. VIII open and remain IN
session until June 80.
The Young Peoples Missionary Com
ference III the Reformed Church 0t 20.
Lonlac Synod win be- in session from
July . t0 9. THE Blue Mountain Con-
ference ~ the Protestant Episcopal
Church viii be held from july 10 10 n,
Dates tor the conferences were an
noubeed by III. Joseph H. Apple. Dfeai-
Dent ~ the college,
Evening star., 1928-06-14
MOBILE RADIO SAYS
PARTY IS NOW SAFE
Message Held to Indicate Is
lands Are Near-Weather
Bars Flying.
BY o. ARNsEs,
coresponsen. Of the Associs.sd Press.

LOfTefkenGeHt OF tut hbADClsbeo rfebs,
KINGS BAY, Spitzbergen, June IA
Gen. Umberto Mobile and the five men
Of the crew Of the Italia stranded with
him of Northeast Land believe they
are now virtually safe.
In communications exchanged be-
tween the Citta di Milano and the
sealer Hobby, Giuseppe BiogL radio OPP
orator for the stranded men, said the
group, which has been waiting rescue
for almost three weeks, felt that safety
was in sight
This response, which was not elabo-
rated, was felt at Kings Bay 10 indicate
that the party Is now 50 near Boeck
Island Or Foyne Island that they c0Hlc
get ashore or that With news OF tbs
various rescue expeditions Fastening "
their aid they felt sure they W0ule
De saved
No news has been received Of tht
faLk of the other 10 men 0f the party
Three Cf these, INCLUDING DR.. FlDI
MaimgTen. Swedish n3eteoToloKiEt, iefi
the Mobile party on May 30 Ia an Effort
10 reach North Cape over the ice ano
have since dropped from sight. The
Other segen men were carried OIL IN the
balloon part Of the Italia when The
control cabin was torn lo0se a. thf
diFigible struck the ice,
The Hobby Was pIoWinR her way 10
ward ice-l0cked North Cape today, ~
Capt. Elsser-Iarsen snd Lieut.. Holm
aboard her prepared N fly over the ict
pack with temporary relief IN Gen
Mobile and the five other survivors,.
Evening star., 1928-06-14
CLUB TO TAKE OUTING.
Local Transportation Officials Co
ing to Chesapeake Beach.

Fifty officials Of local railroad, trae-
ton, steamship and express companies
viii visit Chesapeake Beach Saturday
on the annual outing Of the Washington
Transportation Club,
The party will board special cars al
Fifteenth street and New York avenue
northwest nt ;46 pm. as guests of the
Washington Railway AZ Electric Co and
ride 10 the District line. where they will
take a special train al 2 80 as guests Of
the Chesapeake Beach Railway, d.u-
ner Will be served at the Casino at d
o'clock. at which there viii be brief
speeches and varied entertainment
The party will return ON the u O'Clock
train.
0deli r. Smith heads the outing com.
mittee. OiiicerA Ut the club are; j. NJ
Rector. secretary Of the Chea-
apeake Beach Railway. president, w. l.,
CLARK, Washington Hallway ~ Electric
Go. vice president. and n. r. Richard
SON Baltimore ~ Ohio Railroad. seere-
| tary~tfeasufer.
Evening star., 1928-06-14
MINE UNION CHIEF
DISCOUNTS REVOLT
Lewis Characterizes Move to Gust
Him as Work of Com
munists.
by the Assnelat ted Press.

by the Associated Press,
KANSAS CITY, June 14---John l..
Lewis, president of the United Mine
Workers Of America. characterized as
'unimportant" and the work of "a few
communists" the announcement in
Pittsburgh Jan yesterday of move TO
Oust his administration, MIR. Lewis Is
here for the Republican convention.
1T ID Just communist organization
which we are dealing with already"
Mr. Lewis said, 'and continuation OF
activities that have been going on for
some time.
Further than that, I wouldn't care to
make II statement nt this time
The announcement was made at a
meeting Of miners who. the statement
said, represented mining districts In
Pennsylvania. Ohio Illinois. Indiana,
West Virginia Kansas and Colorado
"rhe national convention to build n
new miners union would he called
September o. the announcement said.
Evening star., 1928-06-14
PANAMA LIBERALS
HIT RIVAL Faction
Charge Aid Sought for Candi-
date Boyd Through Wife's
American Nationality.
BY the Associated Press.


PANAMA. June 14.--Liberal papers
supporting the presidential candidacy of
Florencia Harmodio Arosemena are
charging the Boyd-Porras faction is
endeavoring to capitalize the American
nationality OF Mrs. Elizabeth Boiling
Boyd, wife OF DR.. Jorge Eduardo Boyd,
candidate OF the coalition party. Mrs.
Boyd is a niece of Mrs. Woodrow Will
son. The Liberal papers assert her ma
tionality is being used to bring the in
tervention of the United States in be-
half OF her husband.
Ell Heraldo, which Is supporting Boyd,
asserted the charge was unworthy and
unchivalrous. 1t insisted that the par
ty's best hope of intervention would be
to insure free access to the polls.
Ell Tempo. supporting Arosemena, said
that Boyd-Porras adherentS do not miss
an opportunity to boast that they are
assured of the cooperation of John
Glover South. American Minister. and
assert that he will endeaVor to obtain
for them the favor OF the American
State Department,
The paper said In reference 10 the
American Minister: THE position he
occupies In our diplomatic world does
not permit him to interfere In the inter-
nal struggles of this country and its
election problems with the participation
attributed to him by the Boyd-Porras
faction"
Evening star., 1928-06-14
ALLEGEDDAUGHTER
OF RASPUT|N SUES
Woman Seeks 81 600, 600 for
Death of M0nk-hames
Russian hobIemen.
NJ tsaa Assec.a.ed press.


PARIS, June i4.-~A woman claiming
% be the daughter Of the Monk Ras-
putin, one time confeEsor for the late
Russian Czarina, has flied a damage
ssait for 81 900 600 Tor the assassination
OF her father against Prince Felix YoalS~
sOpon and Grand Duke DmiEri Pagio-
y!teh
The woman bases her claim for dam
ages On evidence In book by Prince
YouSs0poH, which il just appearing In
Paris, in which the execution" OF tne
Y7yGteyi0ug monk Is described anc
Prince Yougsopon and Grand Duke
Dngitr4 are named as principals.
The name Of the plaintiff Nine.
Marie Ggegosseu2 RAsp1ta3, aged 30,
wtdow 0g Boris Goioyiefs. Her counsel
said toGaY that her claim 70 De the Ie-
,yssfYnate daughter u Esspiatin and Feo-
cOr0tna DoglDroyine Is fully shown Dy
papers which che has produced.
1gregory Rasput9n, tse son u poor
xensAnt obtained great influence win
fne lAge Russian Empress through What
sae LelieBec Eag ms mystic power an
preserving TIE health u ilrs son, the
Grand Duke Alexis, wl5Dse Die hsc n0fe
tiaaE4 gpce BEEN cespasrec 81.
YggtgFSgt AID tlgtgts0als Tor AN De-
k,aiIcsaeriee, RaGpsgtln Was hated " q
s,eetaon u the Russian court wnlcn was
rpywergess kIecaISe u Ms Influence oyer
ne CzzFaga2. A supreme effort 70 tree
the empire and tfae dynasty from MS
tnftIeoce BsE maze by a small group
III Yney 81 fi3e bignest eocisl position IN
1915 and Fsasy3tln gSS shot ofad on
T1eeenaoer IS, after an attempt at poi
sqni8g him nsc fsiiec
TSae Killing toT,k DIaee At Fibs Yo'is"
s0gyy9 palMee aDG among me group
r,resent were the Grand Duke DTnitti
FayIgYit1l, Prince Yol4s&op0n and A
Y,asysegkeylcg. ftasD}tluG bDGy Was
thrown under the se@ ~ a canal, Jns
ggAgo duNs Wa& sat1r a*nt 4, PefgaA =.
Igiu z fgtss.siz column anG TolssoiT,f'
gaE fysGeEed ~ is2Ye the capital ana u
ise satefueG sn .tls t4ta&e,
g9ae Geagu " isahg1i3u va teTFiaf
skaek ~ ne EYDprHss &po si3e had hls
bg6y transferred " fsf p@fk u Isaf@'
~ Eelo, 8taeYe a sleeiai eslaBel VA
eyses1d, Ghe WAS SAID ~ blaye eoblt
every nfgilg ~ pr&g Ojl his gf&Ys
prime YqlaSoB1ft yislse1 tbe Dnithf
eiAaes la 1898.
Evening star., 1928-06-14
PLANS FOR WAR VETERANS

Before leaving Washington last night,
President Coolidge, by executive order,
created a committee ~ study and re.
port ~ The Chief Executiye the qiies.
ilDn ~ preference tof war veterans iii
the Giyii service the PRESIDENTS Or
der Wag ISSUED after hH had killed by
poekHt veto a biii designed to estab-
lish preferential status for veterans.
The committee Is composed of Hepfe-
sentative Fisb, Republican, III New
York, chairman; Director Hines 0f the
Veterans Bureau, Assistant Attorney
General Donovan, himself World War
veteran; w II. Deming, president Oi
the Ciyil Service Commission, and John
'rhGfpas TAYLOR, Legislative representa-
tive 0f tbe American Legion.
Evening star., 1928-06-14
KERN WILL EXPLAIN
NEW ELECTRICAL CODE
Engineer Will Review Regulations
at Meeting of League
Tonight.

Walter f. Kern. assistant electrician
engineer Of the District. will review and
interpret the new regulations In the
District electrical code ut the regular
meeting Of the Electric League OF
Washington at q O'Clock tonight in the
Potomac Electric Power Co.'S audito-
rium
The code explanation will be given by
Kern in connection with the leagues
study of the installation of convenience
outlets In homes already wired, Al the
same time the organization will discuss
It's advertising campaign. through which
convenience outlet data will be an
nnunced within two weeks.
Further plans for the leagues annual
Spring outing to Chapel Point June 20
will be laid tonight by Joseph T. Kirch-
ner. chairman OF the sports and outing
committee.
A. +, r, Horn. president. will preside.
Evening star., 1928-06-14
STATE SENATOR BOOKER
REPORTED NEAR DEATH
Virginia Politician callapses on Re
turn From Trip to
Richmond.

SOUTH BOSTON, Va, June IA
State Senator NJ B. Booker was re-
ported dying at his home near here
today. He returned from a business
trip 10 Richmond and collapsed as he
reached his home.
Two doctors remained with him all
night carrying on artificial respiration,
by which means he is being kept alive
He Is prominent throughout the State
and at one time was spoken Of as Il
glibernaLofini candidate,
Evening star., 1928-06-14
DOC TEAMS START HUNT.
Rescue Expedition WIN SEEK Three Iso
lated Men of Grew.
En lLe Lea.,.lalaA Yfsaa

~ ,hs ss&oslsted Press.
Rome, June Word Was feceived
here today ttlat search Tor three miss
s1g members III the crew III tIe aiFAniD
Italia had been started with dog teams
Tile gau Ps0io wireless station was
informed by the base ship ClitA di
NfIaHo liDst the rescue expedition
started Wednesday night from Hinio~
pen strait, which separates west Spitz-
bergen from Northeast Land IT. VIII
il4nt for the three men who started
aerGas the iee from the koDiie party Ia
an attempt ~ reach land.
The ice breaker tsfagaTza sailed from
Kin2s Bay With another d0g team and
slI tbe supplies which 0fn HnblLe has
requested fheee win Df tuf1e1 over
~ Capt Hiiser~iArsen afd Lieut.. l.Fiit"
mn Hoinl, who viii attempt ~ ny VI
the NGiyiis party with them.
Ead weather today ~ EpitZbeTgen
made fgiuZ impossible
Evening star., 1928-06-14
knights Of Pythias Elect,
.lal Dispatch to The Sta

Special Dispatch to The Star,
LYNCHBuRG. Va. June 1.-THE
Lynchburg~ Courtney Lodge. knights of
pythiaa. has elected the following oiIi~
GERS for the coming term: Chancellor
commander. W. l., Terry ir.; vice
chancellor, G q, Piokeral. prelate. j.
lam: master of exeheqner, ID. ii, Kl2er,
master ut arms, +, H. Moore. inner
guard, l.. X. Abbott. outer guard, III.
M King, and keeper OF records and
seals, l., Kunz trustees, l.. o Old, w.
+, Fitch, A. Reinhardt, w, L., Terry,
w.. and q. " Henkel; representative
10 Grand Lodge, n H. Hammer. and
alternate, AIlleinhardt,
Evening star., 1928-06-14
COUNCIL is ELECTED.
j. L. Witz Is Leader In staunton
Ballot of Tuesday.
eelai Dispatch to The star.

Special Dispatch to The Star.
STAUNION, Va. June l4.--Julius L.
WIZ. locai manufactures, led the bal
loting Tuesday in Staunton's council-
man election with a total OF 7lO votes
Five men were elected 10 serve for the
next four years. beginning September
!, out OF Held OF l5 candidates.
The other men elected TO the council
We're: Gtlpin Wilson, jr., with 6S4
votes; George A. Cottreil. with 6S4: J.
Harry Bryan, with $40. and Stuart p
Sllling. with 63S. Bryan and Silling
are members of the present council,
In the Wayneshoro election for conn-
Gilman, DIR, Carl G. Bowman led the
election with total of 3S4, the Others
being ], II, White, S26; Noble Maxwell,
S2l; w, II. Gardner. 500. and A. r.
Harding, 300.
Evening star., 1928-06-14
Sentenced for Bank Tbefts.

NEW YOAK, june IA AJ, Ceofge
y fstAeffisld ~ OakBood, Ga,, and itsF-
gey 81; Ieieiier ~ fast Weymouth, Mass
Bere sentenced 10 three years in At
ianta FenitAntsaIy yesterday after
pleading guilty w conspiracy W steal
nlGRsy from the National City Bank
JtF money, tpiaiing a few thousand
dollars wss ssid W have been used "
ipais automobiles and DaVpnlzs Digh'
clubs ~
Evening star., 1928-06-14
II Planes Forced Down In Storm

In H0IHaET, France, June ID tFJ
Seventeen military airplanes of &
squadron Ut ~ Wefe forced down five
being wrecked aud one observer killed
during u night flight from Nancy, which
ran into a violent storm In the Paris
region
Twelve ~ the planes have not yet re-
ported, bot II Is hoped that they made
safe landings In - country districts,
Evening star., 1928-06-14
NAME COLLEGE TRUSTEES
=, t........ q. rl.a stsf.

eye1sel Uaspsfeb ~ Tl'4 star.
YgCTsgfyftkJ, Va, June ls.~~'ihf
tspsfr NJ trustees N Lyf.enbiirX Cellegf
netting NJ giae college yef'Afday elfetfc
Ig. Cileyney u tslt1efeic W Va 4, Il.
Isessoe IL lynchgBg, J, u, Bol.aday ~
Tsle0na0flG. ir,iG h@fpD ot Efi2D5. y
vi IIssg ~ ClifV1g F0gEe, = ~ Eeleii
III hsBfy9rt bcWs. ". N h9fgaFii u
I4agefs1J@p, Ma, y. W. MeWafif oi
IgygseaDltg ~ AeWatae ~ E'tMiHk
Tsfq Ala Mfs Nay Je1ef tDDgftt'
- Of Baltimore a4id H. r. ESskie. j..
of I,giset3y4gg, Mr, ENakle'a eieciy,n De
~ Go qiye ne org " Lyge9Bafg fepfe'
sefat6tlon On tbs D9afd.
gshe Dosrd sleet@c the following o.
fefys, Ell8iFmab. j - la0Dtys yics
figeiamRn. Frank Marshall a Chatham
aiAa secretary, n. w. AfcWepe Of Lg3.cp'
lug
Evening star., 1928-06-14
Shaver Conyenes His COMMITTEES.

A meeting Of the Democratic national
committee at Houston. Tex. ON June 2S.
the day before the opening of the
national convention, was called yesteT-
day by Glenn Shaver. chairman OF the
committee. Final arrangements for the
convention will be considered ut the
meeting. MIR. Shaver said.
Evening star., 1928-06-14
$1,219 Raised in Drive.

Special dispatch 10 The Star.
STAuNToN. Va, June ID Workers
In the campaign launched here Nom
day night ON behalf of the Children's
Home Society of Virginia, with cont
munity goal of $4,000. report an initial
subscription of $i,2I9.h0,
Evening star., 1928-06-14
sanskrit Professor Dies.

SAN FRANCISCO. june Il 0pl.--Dr.
Maurice bloomfield. 7a, for many years
professor OF Sanskrit and comparative
philoloss az Johns Hopkins University,
died svSerday.
Evening star., 1928-06-14

Marriage when a girl exchanges the
attentions of dozen men for the In
attentions Of enc.
Evening star., 1928-06-14

Tuniala nov has population of
more than 2,l00.1D0 and Is growing
The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1928-03-30
WORRYING ABOUT DIXON
From The sweetgrass News, Big Timber

FROM Inc OWeeCgraSS News Big Timber
Now that state politics have started warming up a
little, there is speculation as to what Joseph M
Dixon will do than any other phase of state politics
Dixon has been satisfied with the roll of private citizen
since the last election and has made no attempt to get
INTO the hme1ght His friends have urged him to take
up the party banner and come out as candidate for
governor and others have insisted that he make run
Tor United States senator against B. K Wheeler What
will ne do? That is the question that is troubling both
Dixon friends and enemies especially his enemies The
daily newspapers of the state are greatly concerned
and would go far to find out what the former governor
is going to do or whether he is going to do anything
at all.
Whatever Joe Dixon decides to do he will find that
there strong sentiment in his favor over the entire
state Four of inactivity on his part have ven
Cne people an opportunity to compare his ACCOMPLISH
ments state government with the present Inactive
administration, to enjoy the fruits of his labors and
come 70 the realization that requires of Dxons
big caibre to successfully cope with the issues ever
pending in Montana
The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1928-03-30
Uncle Sam Figures Show
Depression

By LELAND OLDS. Federated Press
The first month of the new year
saw upwards of 100000 factory work
ers join the already swollen ranks of
the unemployed. The U. S. depart
ment of labor reports a drop of LIZ
in the number of workers employed
and of 1890 in the total of factory
wages below the low December level.
Both employment and payrolls were a
little more than 51a % lower in Janu-
airy, 1928 than in January, 1927.
Month by month since last Septem-
Der the report of growing unemploy-
ment has come with almost monoton-
on regularity. With equal monotony
recent years have shown factory en-
ployment falling to lower levels. The
number of workers employed in Jan
uary was 1870 under January, 1925
while in spite of increases in wage
rates the same interval saw reduc
ton of 61a9o in the total wages dis.
tributed each week.
The January report this year con
tains an added note of pessimism
Wage rates are beginning to give way
under the pressure although the cuts
are still largely limited to the tex
tile industries, cotton, silk and wool
In January wage rate changes report
ed to the department included in
creases affecting 2220 and decrease
affecting 21,036 workers. Increase
averaged $40 and decreases go.
A feature of the report shows tn,
The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1928-03-30
Utility Holding Company Makes
So Per Cent Profit in 1927

been increased $3.50 from stock div
idends and 1860 from stock issued
for cash or in exchange for properties
This 1000 increase in common STOCK
has been accompanied by an increase
of 1880 in the net profit avallaple
Tor division among the common STOCK
holders.
The North American Co. now has
investments in tn epublic utility In
dustry totaling at least seven hun
bred million dollars. Its electric OUT
put for the year totaled 1902, 325 zoo
kilowatt hours, gain of more than
so over the preceding year. 1t also
distributes annually more than four
billion cubic feet of gas. 1t furnishes
electric service to about one million
customers.
Important subsidiaries of the North
American Co. are the Cleveland Flee
trio Illuminating Co., the Union Elec'
trio Light & Power Co. of st. Louis
the Milwaukee Electric Railway &
Light Co., other Wisconsin gas anC
electric companies, Mississippi anC
Missouri valley properties serving
towns in Iowa, Illinois and Missouri
the Western Power Corp. controlling
a number of power and light compan
les in California, and the entire public
service system of Alton, Ill. 1t alst
has substantial interest in the De
troit Edison Co., the Washington
Railway & Electric Co., of Washing
ton, d. c., and the North America
. Light & Power Co.
The North American also control
: the West Kentucky Coal Co., fror
which it supplies its power station
: with nOn-union coal. This compan
5 took over the union st. Bernard Goa
: Co., and in the process of merge
l turned it into a scab concern.
: Through such huge holding compan
: les the New York financiers are rear
: ing the benefits of coordination Q
l the country's power industry. Unde
public ownership these benefits woul
! flow largely to consumers in lowe
4 rates and to the employees in bette
S wages.
The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1928-03-30
By LELAND OLDs. Federated Press |

By LELAND OLDS. Federated Press
The net profit of $56,S58,2lo maze
by the North American Co. and Its
subsidiaries in 1927 shows how the
super-power developments of recent
years are pouring wealth into the col
fers OF the big public utility holding
companies. This profit was taken out
of a gross income of S122, 166,S34
only S65,SOS,621 of which was neces-,
sary TO cover operating expenses ana
taxes: 1t represents a gain OF lOIO
over the profit of the combination IN
1926 and OF nearly 500 over the 1879
profit. 1t is 1850 on the original
par value of the stock, after all de-
auctions for preferred, etc.
The North American also had So
O22, 715 additional income in 1871, pre-,
sumably from securities in which Il
had invested its surplus profits: This
brings the total income to SOY, $780,,
920. Out of this it paid $17,T15,8ll
interest on the bonds of its subsid
larles' Sl,4Ol,796 in miscellaneous aHa IN
terest and set aside $12,4S1,939 fol
depreciation.
There remained S19,254,647 profit
for division among the stockholders il
the holding company itself. After pay
ing dividends on the North American
Co. preferred stock this meant re
turn of $3.50 share to the owner
of the common stock. AS the common
stock originally had a par value .
$40, this means a return of at leas
1850 for the single year 1927. A
this rate the owners get back in pro
fits every 8 years more than thei
entire investment in the enterprise.
/ The North American Co. is follow
ing definite policy of extending it
control of the public utility industr
by the reinvestment of profits. AS
part of this policy it pays its div
dends on common stock in new CON
mon stock at the rate of 1919 annua,
ly, the stakeholder having the optic
of taking his dividend in cash.
This scheme has been In Operatio
about 5 years i'll the course of whic
the outstanding common stock ha