davidaulloa/AmericanStories huggingface dataset:
Amerikai Magyar hirlap = American Magyar journal. [volume] (Youngstown, Ohio) 1911-1942, 1929-08-22
BRIDGEPORT sz0vETsEa

Elnok: Gagyi Janos. Aielnok: Lovas
Lajos. Ugykezel6: Kat6ch Odon, cine
2909 Mahoring Ave-, telefonja 946O3,
Jegyz6: 10th B. JOSEF. EAen6r: Latos
JOSEF Is Lengyel Andras. Beteglato-
gat6k: Steeltonon: Szacsuri Janos, Ma
tyi Istvan, Brier Hillen: Kiss Andras,
Kiss Andrasne, South Sideon: Gene
Gabor es Czene Claiborne. Nagybizott-
sagi tag a tisztyisel6kkel egyitt Lovas
Lajos, Tausz, B. sGyula,, Csolinszky Fee
reno, Benyei Laszl6. Hivatalos lap az
Amerikai Magyar Hirlap. Hivatalos
orvos: DR.. Laurisin Jen6, $50 East Fe-
deral st. Havi gyiiles h6nap harma-
dix vasarnapjan d. u. ket orakor Ma.
honing Ave.-i ev. ref. egyhaz helyise-
g6ben. Hivatalos iigyek az igykezel6-
nek jelentend6k szemelyeseA vagy te-
,fonon.
Amerikai Magyar hirlap = American Magyar journal. [volume] (Youngstown, Ohio) 1911-1942, 1929-08-22
YOUNGsToWNI. o., MAGYAR REF.
EGYHAZI FERFI ES MOI BETEG-
SEGELYZO EGYLET

Eln0k: 10th Karoly, alelnok: Kan5cz
Istvan, titkar: Menyhert Janos (6lO
Mable Ave.), penztarnok: Gal Lajos,
penztari ellen6r: Juhasz J6zsef, Oros,
bizalmi ferfiak es n6k: Steeltonban
I'd. Molnar Istvan es Jancsurak Janos
Brier Hillen: Teglas Gyula Is Balogh
Balazsne, South Sideon: I'd. H0rcsik
Mihaly es D6ka Sandorne, Hazelton
ban: Bernat Oresz, Camppellen: Ba
nyacsky Janos es Kiraly Istvanne
HArmas szamvizsgal6 bizottsagot az
elnok nevez XII. Nagybizottsagi tagok
az eln0k titkaron kiviil: Seb6k Ga
Dor, Gall Lajos IS Teglas Gyula. = Al
egylet hivatalos lapja az Amerikai Ma
gyar Hirlap.
Amerikai Magyar hirlap = American Magyar journal. [volume] (Youngstown, Ohio) 1911-1942, 1929-08-22
SCENT GYORGY GOROG KATH.
SZOVETSEG IL. OSZTALYA.

Gyuleseit tartja a magyar gor. kath.
templom 702 Mahoning Ave.-i helyise-
gebcn minden h6nap masodik vasar-
napjan mise utan. Elnok: Macy Janos.
Alelnok: Lengyel Andras. Penztar-
nok: Hajdu josef. Penztari ellen6r:
Vask6 Janos. Jegyz5-titkar: ifj. Ka-
eur Mihaly. Beteglatogatak: Hricz6
Janos, Bodnar Janosne (Steelton)
Macy Janos (South Side), Fedor ia.
nos, Szalay Ferencne (CampbelD, Var.
ga Peter (Warren). Gyermek osztaly
igykezel6je: Lengyel Peter 22OS Do
nald Ave. Hivatalos orvos: DR.. Lauri
sin Jen6. Titkar cine: LII. Kaczur Mi
haly, p. O. Box SIT, Campbell, O.
Amerikai Magyar hirlap = American Magyar journal. [volume] (Youngstown, Ohio) 1911-1942, 1929-08-22
ITELETIDO A DUNANTULON

Budapestrol jelentik - Az
elmult napokban a Dunantulon
'hatalmas zivatar vonult at, akely
embereket 0lt, allatokat puszti-
tott ell es tobb kozseg hataranak
veteset tette tonkre..
Somogy megyeben Kiskorpad,
Kaposmer6, Kaposvar, Toponar
es Attala termeset jeges6 telje-
sen megsemmisitette. Kaposvaron
szamos hazat el0nt0tt lezudul6
viztomeg. Nyolcvan csaladot Xxi
kellett lakoltatni. A VILLAIN is
t0bbszor lecsapott. A katonai
gyakorl6eren harom katonat Sc.
besitett meg villamtites ereje.
PEGS kornyeken is volt itelet-
id6. Matovics JOSEF 70 ewes he.
lesfai gazdalkodot a VILLAIN agyon
iitotte. Gilvanfa kozsegben Ko
vacs Ferencnet, Tes kozsegber
pedig Laczk6 Katalint sujtotts
halalra a menyk6. Tesen negy
hazba is becsapott a VILLAIN. Mind
a negy haz porig egett. Ezenkivii
sok allat is elpusztult az itelet
lido k0vetkezteben.
Amerikai Magyar hirlap = American Magyar journal. [volume] (Youngstown, Ohio) 1911-1942, 1929-08-22
FERJERE GYUJTOTTA
A HAZAT

Bekesgyularol jelentik: - A
bekesmegyei Ocsod kozseghez tar
toz6 vereshazi pusztan Hadadi
Laszl6 tanit6 felesege a ferjere
zarta lakas ajtajat. Utana a ha-
zat felgyujtotta. A tanito mem tu-
dott menekulni az ego hazbol.
Szenne egett. A gyujtogat6 asz-
szonyt, aki hazaseletiikhen napi-
renden lev0 veszekedesek Matt
k0vette ell borzalmas tettet, csen
dorseg letartoztatta.
Amerikai Magyar hirlap = American Magyar journal. [volume] (Youngstown, Ohio) 1911-1942, 1929-08-22
GRANATROBBANAS
NEGY HALOTTAL

Budapestrol jelentik: = A haj-
maskeri katonai gyakorlot6rer
t0ltes kozben felrobbant egy gra-
nat. A szertecsapod6 szilankok
halalra sebeztek Viktor Erich sza-
zadost, Zsiros Karoly szakaszveze-
tot, Csuta Ferenc f0tiizert es Sza-
DO lMihaly tizert. Megallapitot-
tax, hogy a robbanast technikai
k0rulmeny okozhatta.
Amerikai Magyar hirlap = American Magyar journal. [volume] (Youngstown, Ohio) 1911-1942, 1929-08-22
KOSSUTH KOZMUvELODESI
EGYESULET
Alakult 1913 augustus lien.

Celia youngstown magyarsag tar
sadalmi eletenek demokratikus alapon
val6 fejlesztese, az amerikai es magyar
nemzeti szellem es nyelv apolasa. Tag
ia lehet minden 16 even felui magyar
ferfi es no, vallas kiil0nbseg nelkul.
A Kor tisztvisel6i: Eln0k: Kat6ch
Odcn, penztarnok: Giirtler Adolf, le-
velez6 iegyzo-titkar. Timar Ferenc, CT
me: 1345 Quinn Avenue, hova az egye-
siiletet erint6 minden level kildend5.
Gyiiles minden no els0 vasarnapjan.
Amerikai Magyar hirlap = American Magyar journal. [volume] (Youngstown, Ohio) 1911-1942, 1929-08-22
A SCENT IsTvAN KIRALYRoL Ell
NEVEzETT EGYESULT ROM. ES
COR. KATH. TEMPLOMI ES BITS.
EGYLET
Alapittatott 1901 augustus 25-en.

Elnok:~ Habodasz Gusztav. Aleln0k:
ifj. Balasko Gyorgy. Titkar es beteg-
latogat6 ellen6r Gregosits JOSEF IS E..
Delason Ave-, kihez az 0sszes egyeletet
erdeklo levelek kuldend6k, es a be-
tegsegek jelentend6k (Phone 36S9S).
Penztarnok: Kaluczky Janos (1349 Re-
public Ave.). Ellep6r: Pelentay Mar
ton. Negytagu szamvizsgal6 bizottsag:
Mixich Gaspar, Hoffer Andras, Meme
nyi Mikl6s Ern6, Turner Josef.
Hivatalos orvos: DR.. Mahrer Pal
(2O2 Terminal Bldg.). Nagybizottsagi
tagok: Balask6 Gy0rgy, ifj. Turner
JOSEF, Horvath Istvan es Kaluczky
Janos. Hivatalos lap helybeli
Amerikai Magyar Hirlap. :.
Amerikai Magyar hirlap = American Magyar journal. [volume] (Youngstown, Ohio) 1911-1942, 1929-08-22
NILESI EI.SO MAGYAR BETEG-
SEGELYZO EGYLET
Alakult 1908 februar Len.

Elnok: Jakibak Mihaly. Alelnok
Ifj. Pirigyi Janos. Jegyz6: Peter
Gy0rgy. Penztarnok:8 Halok Janos
Pehztari tiktar:5 Hajdu Janos. Levele.
z6 titkar: Hajdu Janos (cinle:- 2a6' Em.
ma st. Niles, Ohio. .Iotall6 bizottsag G
Stefk6 JOSEF, Kuk6 Istvan, Pacsik
Ferenc. Szamvizsgal6 bizottsag: Rehd
Josef, Dicsk6 Janos, 10th Balint. Be.
teglatogat6k: Reh6 JOSEF, J66 Mar
ton. Zaszlotart6k: Kun Mihaly, Buk.
szar Istvan, Bukszar Bertalan, 10th
Balint. Hazkezel6: Egadics Laszl6. All.
t6Srok: Bobak Andras, Szirokman Ist-
Amerikai Magyar hirlap = American Magyar journal. [volume] (Youngstown, Ohio) 1911-1942, 1929-08-22

Abaujszant6r6l jelentik: = AZ
abaujmegyei Perkupa k0zsegben
Kaposzta J6zsefne egy bukkano-
nal leesett szekerenek akjar6l es
kocsin elhelyezett kaszaba zu-
hant. Az egyik kasza valosaggal
felnyarsalta es a szerencsetlen
asszony azonnali halalat okozta.
Amerikai Magyar hirlap = American Magyar journal. [volume] (Youngstown, Ohio) 1911-1942, 1929-08-22
ECYLETI KALAUZ

van. Az egyIet gyileseit tartja min
den honap masodik vasarnapjan ref.
templom helyisegeben d. u. 6rakor.
Hivatalos ugyekben levelezo titkar-
hoz kell fordulni, kinek cine: John
Hajdu, 226 Emma ST., Niles, Ohio.
Amerikai Magyar hirlap = American Magyar journal. [volume] (Youngstown, Ohio) 1911-1942, 1929-08-22

szerint r0videsen tizenket regeb-
ben elhunytat asnak meg fel a ST.
rokb6l ,mivel az a gyanu, hogy
azok is mergezes kovetkezteben
szenvedtek XII.
Amerikai Magyar hirlap = American Magyar journal. [volume] (Youngstown, Ohio) 1911-1942, 1929-08-22
J6l kezd6dik

Volegeny: AIT mondtad, dra-
gam, hogy hatra lit leszel es mar
nyolc ora van.
Menyasszony: Hat mem emil
tettem meg, hogy esetleg par per.
Get kesni fogok?!
Amerikai Magyar hirlap = American Magyar journal. [volume] (Youngstown, Ohio) 1911-1942, 1929-08-22
A betOrO

= Els hogyan nyitotta fel a pan
celszekrenyt?
Bocsanat, bir6 ur, de ez sajat
0tletem, ezt massal mem k0z0lhe-
tenn.
Amerikai Magyar hirlap = American Magyar journal. [volume] (Youngstown, Ohio) 1911-1942, 1929-08-22

es Szvincsak Alajos k0vettek ell
rablotamadast. Mindharmukat le-
tart6ztattak.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-04-02
$5O,63l Profits Due
Lost Stockholders
OfMiningCompany
10 Who Own 1913 Shares,
or Heirs, Sought by
Court Holding Fund.
Special Dispatch to The Star.

Special Dispatch to The Star.
CUMBERLAND, Md, April 2.-There
is S50.63l 63 due to 10 lost" Stockhold-
ers of the New York Mining Co. which
operated at Mount Savage. this county
in unclaimed dividends, and Judge D
Lindley Sloan has appointed the Sec
ond National Bank receiver of the fund
pending an attempt to locate the stock
holders or their heirs.
The names of the stockholders who
cannot be found nor their heirs located
are Richard S. Coke, Philip c. Agnew,
T. harrington, George WatriS, ,Ebenezer
Irving, Russell H. Nevins, Oscar Irving,
Henry Ogden Irving, John C. Winans
and the estate of Catherine Winans.
The matter is the subject of a friend
iy suit with j. P. Bays Frederick A.
Delano, Van Lear Black, Harry c. Black
and w. Bladen LoWndes, directors, de-
PENDANTS, and the Union Mining Co
plaintiff
The bill Of complaint cites that in
1845, company of Eastern capitalists
purchased land underlaid with coal be-
tween FroeSburg and Mount Savage. 1t
was known as the New York Mining
Co. The original stock issued in l845
was called in, and in 1853 new stock
certificates were issued. The original
stock certificates have been lost, but
some of the later stock issuance records
remain.
The plaintiff shows that for years the
directors have withheld the unpaid
dividends until the amount now totals
S50,631.63 representing the net aggre-
gate dividends on the 1913 shares whose
owners are unknown, cannot be located
or identified. The sum has been de-
posted in the name of the directors.
The plaintiff sets out that for years
after 1t was organized the New York
Mining Co. stock paid no dividends. In
1899 the late H. Crawford Black pur-
chased for the Union Mining Co. the
majority of the outstanding stock Of
the New York Mining Co. on an average
price of S25 share. but even at that
time the purchaser was unable to find
the holders of the 333 shares of stock.
The Second National Bank, as receiver.
is to take charge and administer the
trust fund under the direction Of the
court.
The bill was filed by William A.
Gunter and George Henderson, attor-
neys, and an answer has been filed by
the defendants, through Semmes.
Brown e. Semmes, attorneys, Baltimore,
admitting the allegations.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-04-02
MIDWEST FEARS FLOOD.
Millions in Property Damage Attributed
to Storm,

CHICAGO. Ill, April 2 Up Property
damage mounting into the millions and
a serious new flood threat remained
today to remind the Midwest Of the
rain. wind and snow storm that swept
over the region Sunday and yesterday.
Heavy rains in the Central and briz-
yards in the Northern States had again
swollen nearly all streams and the
danger was considered acute as the
tributaries brought this added burden
to the Mississippi. which was already
nearing the tops Of its levees.
Patrolmen were called back to duty
as the water rose rapidly last night.
A stage of 1875 feet was recorded on
the Quincy, H., gauge and Government
forecasters predicted the water would
go over the 20-foot mark by tonight.
Much apprehension was apparent along
the lowlands.
High winds dashed the southern end
of Lake Michigan into the worst storm
in years. Scores Of cottages at Long
Beach. a resort near Michigan City,
Ind. were in danger of being washed
away. Property damage in Chicago
alone was estimated at 100000 An
ice field 8 feet deep blocked traffic on
a highway north Of Menominee, Mich,
until a passageway was blasted.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-04-02
NAME ; V|RG|N|ANS
IN ORATOR CONTEST
Three More Schools Choose
Girl Champions for Ma
ti0naI Meet.

Three more Virginia girls are an
nounced today as the forensic cham
pions of their high schools following
their victories in their respective schools
finals in the Sixth National Oratorical
Contest.
They are Miss Evelyn Osborne Jen-
nings of the Franklin-Sherman High
School, Mclean; Miss Ann E. Crimmins
of the Villa Maria Academy. West Falls
Church, and Miss Helen Lucille Nc
Carthy Of the Herndon High School
Miss Jennings is the daughter of Mrs.
Lucy Osborne Jennings of Mclean, and
she is using an Grafton on THE Citi-
zen: His Privileges and Duties Under
the Constitution" in her efforts to reach
the national finals of the contest here
next month. She is II years old, and
she expects to be graduated from high
school in June. after which she wants
to become a lawyer At F'ranklin-Sher
man she is manager Of the basket ball
team.
Miss Crimmins' Topic.
Miss Crimmins is the l7-year -old
daughter of Mr.. and Mrs Francis Grim
Minis of East Falls Church, who is max
ing her oratorical bid with a speech on
The Development of the Constitution. -
Like her fellow orator of the Old Do
minion-MiSS Jennings-Miss Crimmins
is ambitious to carve her mark in the
professional world but. instead of law,
she hopes to enter the medical field.
She has not yet decided where she will
study following her graduation in June
from the Villa Maria Academy. She
also plays basket ball
Miss Mccarthy won her laurels in a
hard-fought final elimination with a
speech on THE Citizen: His Privileges
and Duties Under the Constitution. -
She Is 16 years DID, and the daughter
Of Mr.. and Mrs. Benjamin Mccarthy of
Herndon. She expects to be graduated
from high school in June She is a
member of the George Mason Literary
Society of her school, and following her
graduation she plans to study business
practice in preparation for a business
career. Like her two companions in
CratOry, Miss Mccarthy displays her
athletic proves on the basket bail
court.
Judges of Contest Listed.
Mrs. Joseph Lucas, whose daughter.
Carey Lucas, represented the Herndon
High School in the 1927 contest. when
she won second place in the Virginia
district finals, was one Of the judges
The others were Rev. c. N. Brown, pas
tor Of the Herndon Baptist Church. who
also presided, and Frederick w. Robin
son. member Of the Herndon School
Board. They chose Robert Bready, a
third-year student, as alternate.
Miss CrinlminS will make her next
effort in the test in the Virginia group
meet at Falls Church next Monday,
when the representatives of the Falls
Church High School, the Washington
Lee High School of Ballston, the Oak
ton High School and the Aldie High
School will participate with her for a
place in the Virginia finals. Miss Jen-
nings and Miss Mccarthy are scheduled
to appear next on the program in the
Virginia group meet at Herndon, Fri
day, April IL. The Herndon meeting
also will be competed in by the repre-
sentatives of the Floris Vocational
School of Herndon, the Lee-Jackson
High School and the Forestville High
School.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-04-02
THOUSANDS GREET
RACING At BOWIE
BaImy Day Taxes Capacity
of PEant-FaShionS Vie
With Horses.

BOWIE RACE TRACK. Md, April g.
Racing came back to Maryland today,
after lapse of four months, with a
bslmy Spring day bringing out crowd
which taxed the capacity of this NAM
moth plant.
1t was an suspicious opening. with the
almost Summer warmth bringing out a
full display Of Easter fashions in the
grandStand and clubhouse, where thou
sands of the fair sex divided their time
between picking winners from the pro-
gram and out of the dress parade.
Chief interest in the racing events
conferred on the Inaugural Handicap, the
fourth race on the card. in which the
famous Chilean-bred racer. Tutti Frutti
made his debut In North America after
a sensational career in South America,
Cuba and Miami
There were 81 entries for the handi-
cap, with 10 being scratched early.
Those declining the issue were Cen
uine. Solace, Sun Altos, Edisto. War
Eagle, Cloudy. Oh Say. Ready, LIE Bey,
Soul of Honor, Essare and General Bull
lard
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-04-02
ALEXANDRIA TAX SUIT
TO BE HEARD APRIL Is
approximately 800, 900 Would Be
Refunded to Citizens if
City Loses Case.

ALEXANDRIA. Va, April "A suit
to collect five months taxes paid the
city Of Alexandria last year will be in
stituted within the next few days by the
Snyder Kane Boothe Corporation, c. c.
Batcheller and the B. B. Ezrine Con-
struction Co., real estate firms, through
Attorneys j. Randall Cation and Carl
Budwesky.
1t is to be charged that the city i'm
posed one full years taxes in 1928 for
the seven months period, June to De-
cember 81, after city officials decided to
change the old fiscal year. June to
May 81, to correspond with the calendar
year, January to December 81.
Should the city lose the suit approx
n,ately 100000 would have to be re-
funded to taxpayers, it is said.
The cease is expected to be heard in
the Corporation Court on April Is by
Judge William p. Woolls.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-04-02
SECRETARY ADAMS OFF
TO GUANTANAMO FRIDAY

Embracing upon his first official in
spection of the activities of the Navy,
Secretary Adams will leave Washington
Friday for visit to the scouting feet
In Guantanamo Bay. Cuba. He is
scheduled to arrive in Miami. Fla, Sat-
urday and will leave for Guantanamo
on the destroyer U. S. S. cambridge.
Scheduled to arrive Monday at Guam
tanamo or Gonaires, Secretary Adams
will embark on the flagship of the
scouting fleet, the U. S. S. Wyoming, to
witness force practice. Tuesday and
Wednesday of next week will be spent
in an inspection of vessels. and he will
witness the destroyer division practice.
On Wednesday afternoon Secretary
Adams will embark on the light cruiser
U. S. S Detroit and visit Guantanamo,
leaving Thursday aboard that vessel
for Miami. He will return to Washing
ton on Sunday, April IA.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-04-02
MICHAELsoN TRIAL MAY 6.
Illinois Representative to Return to
Florida to Face Charges.

JACKSONVILLE, Fla, April 2 (H1.-
Representative NJ. A Michaelson of Chi
cage, indicted here some months ago
on a charge of violating the national
prohibition law. will go on trial at the
term of Federal Court beginning at Key
West May 6, it was announced here
Yesterday at the Office of the United
States district attorney.
Representative Michaelson, who sur
rendered in Chicago today, has said
that he will return to Florida to face
the charges, which he denied emphat-
ically.
The special session Of Congress is ex-
roected still to be in session during the
May term Of the court at Key West.
There was no information here, how
ever, whether Mr.. Michaelson will claim
congressional immunity from trial at
that time. The next regular term of
court would be in November, and should
his case be postponed until that time,
the regular term of Congress would be
in session.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-04-02

PITTSBURGH, April 2 GP).-Larceny
charges preferred against C. j. Goats
because he took a street car on joy
ride we're dropped at the request of Of
ficials of the trolley company, but Goats
paid fine of $40 and costs for dis
orderly conduct.
Coats boarded an empty car at barn
here Saturday night and drove it to a
suburban park while police gave chase.
When arrested Coats denied he had
stolen the car At hearing last night,
however, he pleaded guilty to the dis
orderly conduct charge.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-04-02
SWIMMING CLASS
LIST NOW AT PEAK
Boys Department Y. M. c. A.
Obliged to Bar Late Applicants
for Free Course.

The boys department of the Y. NJ.
c. A. was forced this morning to de-
cline additional applications for the in
tensive course Of free swimming lessons
being offered this week under the
auspices of The Star, due to the over
Wilelming number that continued to
food into the Office at 1892 G street
even after the official closing of en-
rollment yesterday morning.
James c. Ingram, director Of the
Junior Y. M. C. A. institution. an
nounced that in order to keep the
classes within a reasonable size so that
instructors could give needed atten-
ton to the boys in the swimming
lessons. he had been forced to shut OF
additional enrolment.
The desire of Washington boys to
learn the art of swimming is indicated
in the report by Mr.. Ingram that ap-
plicationS for the course totaled slightly
in excess of 730. Some of the applicants
failed to report for the classes and
more than 100 late Corners were un-
able to find vacancies in classes, leav-
ing the number actually taking the
swimming lessons at SIS. This is more
than 200 in excess OF the number who
enjoyed the lessons last year.
Twelve classes q day, under the in
struction of swimming experts of the
Y. NJ. c. A. and the Red Cross, were
scheduled to conduct the classes, but
Cue to the unforeseen size Of the enroll
ment, an additional early morning class
was arranged for am. A total of As
boys entered this class this morning.
Several of the boys already are show
ing progress. readily learning the fun
damentals in two lessons, and James
Carberry. Immediately in charge of the
course, expects a majority Of the boys
to be able to swim so feet by the end
of the week. Red Cross beginners but
tons will be awarded to all who pass
this test.
The swimming coaches today were
putting the classes through training in
the windmill arm stroke, the first step
in learning to navigate in water The
leg 'fiutter" stroke is to be added in les
sons tomorrow
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-04-02
GRANITE FIRM FAILS
TO MEET PAYMENTS
continental Trust Announces
Amounts on Mortgage Bond
Issue Overdue.

The Continental Trust Co. announced
today thai the Southern Consolidated
Granite Corporation has not met its
interest or sinking fund payments on
the outstanding first mortgage bond is
sue, due at the Office Of the local trust
company yesterday.
The bonds, totaling $3.50, 900 in value.
ere reported to be held to a. large de-
gree by investors in Greater Washing
ton.
The bonds are secured by first mort
cages on quarry properties being oper-
ated by the Southern Consolidated Cor
poration at Wake Forest, N. c., and
Spartanburg. S. c.
Bank Issues Statement.
A public statement issued this morn
ing by the local bank is as follows:
AS trustees Of this issue, the Con-
tlnental Trust Co. is taking the proper
steps for the protection of the bond
holders, the usual demand on the cor
poratlon to comply with the terms of
the trust agreement. within 80 days
having been made.
While the Continental Trust Co. is
trustee under this bond issue, It has
not sponsored or guaranteed the Secu-
rites, but merely served in the GUS
tomary fiduciary capacity usual to any
trust company.
Persons holding the bonds of the
Southern Consolidated Granite Co. are
requested to communicate with the
Continental Trust Co. so that a bond
holders protective committee NAV be
formed, which can act in conjunction
with the trustee for the protection of
the bondho!ders.
Better Business Bureau Comments.
The Better Business Bureau of Wash
ington in commenting on the announce
ment by the trust company as to the
failure of the Southern Consolidated
Granite Co. to meet interest and sink
ing fund requirements, stated that the
bureau is working in cooperation with
the trust company for the protection
Of the bondholders. II added:
The Better Business Bureau believes
that these bonds. of which S550.000 are
authorized, are widely held by investors
in and around Washington. Numerous
inquiries and complaints have been re-
ceiyed by the bureau because of meth
DDS used by individual stock and bond
statesmen.
The bonds have been dealt in ex-
tensively in unlisted security circles
being traded in for several months at
considerable less than the face value,
although at the same time some secur-
ity dealers apparently were purchasing
the bonds at low prices and selling to
the investor at or near face value. Large
blocks Of the bonds also are understood
to have been traded for equities in
Washington real estate"