davidaulloa/AmericanStories huggingface dataset:
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1929-08-22
DANFORTH TOWNSHIP

]. w. Thompson, bee inspector of
the University Farm, st. Paul, was a
business caller at the Gerda Wheeler
home Tuesday of last week.
Mr.. and Mrs. Tulke and family
from Horton, Kansas, visited at the
Tony Greenley home Monday. Mr.. and
Mrs. Tulke are uncle and aunt of
Mrs. Greenley.
Mrs. Bennett Greenley visited in
Ogilvie last week.
Walter Rydberg has been threshing
grain near Cloverdale the past week.
Mr.. and Mrs. Frank Hartman of
Mason City, Iowa, visited at the home
of her son, Harvey Bacon, from last
Thursday until Tuesday.
The Rev. Gjertson of Sandstone, will
hold Swedish services at the school
house next Sunday morning.
Mrs. Loney and daughter of LIE
Sueur Center, visited at the home of
her brother, Enrol Holmes, last week.
Mr.. Holmes and Mr. Treague and
at the Harvey Bacon home.
Ralph Smith, Mrs. Merrill White,
and Mrs. Percy Moore and two chill
dren drove to Geneva, Iowa, Saturday
to visit their sister and parents until
Monday and bring their parents, Mr..
and Mrs. Angelo Smith, back with
them.
The Ladies' Aid Society will meet
next Wednesday with Mrs. Anna Bee
man.
Barney Greenspan of Finlayson,
was a business caller here Monday.
William and Amanda Swanson and
mother were dinner guests at the
Adolph kalk home near Friesland
last Sunday and attended church
services in the afternoon.
The p. N. c. society will meet Sat-
urday evening with Albert Swanson.
Rudolph Rydberg who is employed
in Minneapolis, spent the weekend
at his home here.
Mr. and Mrs. Harvey Bacon and
guests spent last Sunday in Duluth.
The G.. E. Hendricks family and
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1929-08-22

their guests visited in Duluth and on
the Range last week from Tuesday un-
til Thursday.
Mr.. and Mrs. Harmon Carlson and
their son and daughter-in-law and
their children of Duluth, spent Sunday
at the home of their brother, c. j..
Carlson, and visited with their broth
er and sister, Mr.. and Mrs. Ed Carl
son and family of Evanston, ILL.,, and
Mrs. Peterson from Hollywood, Calf,
who are guests at the c. ]. Carlson
home.
The gospel team held services at
Markville last Sunday evening.
Mr.. and Mrs. Jones and daughter,
and Miss Cooper of Kansas City, Mo-,
spent last Friday night at the Gerda
Wheeler home.
There will be no Sunday school
held on Sept. 1 on account of the Sum
day school rally of the several Sun
day schools in nearby communities
being held at the Irons school on that
day. Everyone is invited to bring a
light lunch and spend the day at this
meeting.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1929-08-22
ASKOV

Miss Esther Henriksen came from
cation at the home of her mother.
Several members of the Askov Con-
struction Co. crew at Shakopee were
in Askov over Sunday for visit with
friends and relatives.
Mr.. and Mrs. Chr. Sandahl mourn
the loss of their little three-weeks-old
son who after a short illness passed
away at 5 o'clock Tuesday afternoon.
The little body will be laid to rest in
the local cemetery this afternoon.
Mr.. and Mrs. Niels Peter Nielsen
and little son returned home Friday
from their six-weeks auto trip. They
have travelled over 5000 miles through
Nebraska, Iowa, Illinois, Michigan,
and Wisconsin, but failed to find any
place where farming was more proht-
able than right here in Pine county,
or where living conditions were more
desirable.
The local D. B. S. lodge received an
invitation at their meeting Saturday
evening from the lodge in Superior to
meet with them Sunday, Aug. 25-at
Riverside Park, which is just few
miles beyond Markville, where High
way No. 35 crosses the ST. Croix river.
1t is expected that members from
other lodges will also be there. Bring
your picnic lunch along and plan to
be there by noon and spend the after
noon visiting with friends from other
points. Everyone is welcome.
Niels B. Miller and others have re-
Gently completed the remodeling of
and it is now so modern and convent
emily arranged that produce buyers
from other towns come here to see it
and copy the ideas that have been
worked out. Mr.. Henriksen is also
having a potato dumping pit installed
by his potato warehouse, which is very
much similar to Louis Olsen's, and
will be completed in a few days. With
modern unloading machinery at all
the produce warehouses the farmers
will not have to wait very long at any
time to get rid of their produce.
Arthur Jensen, who has worked at
the Ferndale Nursery long time, is
enjoying" little forced vacation.
Sunday morning he and other men
from the Nursery were out east Of
town to bring in some horses. Mr..
Jensen was sitting in the back end
of light delivery Ford truck leading
one of the horses by rope. In some
manner the rope was twisted around
his ankle and suddenly when the
horse became frightened and gave a
jerk on the rope, Arthur's ankle was
snapped out of joint and both the
bones just above the ankle were brok-
en-. He was taken to the hospital at
Sandstone, where the injury was soon
taken care of and from which he is
nicely recovering.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1929-08-22
EAST OF KINGSDALE

Violet Sandahl spent Saturday night
with Florence and Louise Nelson.
Services were held at the Mission
church Sunday, August IS.
Oscar Sandahl is putting an addi-
ton to his barn. Mr.. Maley is doing
the carpenter work.
A shower was given in honor OF
Mrs. Dahlberg last Thursday after
noon.
The Misses Martha and Bernice
Nelson and brother, Edward, visited
with Miss Marget Swenson last Thurs
day afternoon.
Mr.. Blixt of Superior, visited with
Mr.. and Mrs. Fred Kingren Friday.
f. o. Swenson and sons, Milton and
Conrad, motored to Superior Wednes-
day of last week.
Ed Carlson is repairing the Stevens
school.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1929-08-22

FOR SALE-One wood or coal range,
National No. 8, 20 inch oven. Most
new, worth $4,000, but will sell for
$4,000; 1 Florence kerosene range,
4-burner and oven, $4,000; 1 2-burn-
er kerosene stove; 1 dining table;
1 bed, spring and mattress; and
numerous other articles. Am NOV
ing and will sell cheap. Act quick
if interested-John A. Ferguson,
Kerrick. 61w49-1t
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1929-08-22
HINCKLEY

Herman Noble from west of town,
crashed into tourist car from Ohio
on the pavement in front of the Stan
dard Oil station Wednesday of last
week. Mr. Noble had a wheel taken
off his truck. The tourist car had a
fender taken off and the trunk to his
car smashed, spelling the dishes and
canned food. Nobody was hurt. The
tourist was on his way to camp at
Grindstone lake.
Miss Edna Schaefer has resigned
her position as school teacher east of
Pine City and has accepted a position
in the lower grades at Sturgeon Lake,
vacated by Fay Newman. Eleanor
Schaefer will have the upper grades
at Sturgeon Lake, while Angela Zim-
brick will fill the position east of
Pine City.
Mr.. Keifer of Des Moines, Iowa, has
started to clear bis lot at Grindstone
lake for his cottage The cottage will
be built by a Finlayson contractor.
1t will be of logs 3Ox34 it., to be COM
pleted in October.
The Daily Vacation Bible school at
the Presbyterian church ended this
week with a picnic for the children
and grOwn-ups at Kettle River, Fri
day. A large crowd attended.
The Rev. Wilson gave his annual
picnic to his church people and
friends Sunday. The crowd attended
church services in the morning At
noon they gathered at the Rev. Will
sons berry garden, where all enjoyed
a picnic lunch and visiting in the af-
ternoOn. Several from out of town
attended.
The Swedish Lutheran church
served a dinner to the public at the
home of the Rev. and Mrs. Johnson
Wednesday evening of last week. A
large crowd attended.
Mrs. Frank Mclaughlin and Mrs.
Clifford Mann and sister motored to
the Cities to visit Mrs. Roy Petite of
Brule, Wis, who has had a goiter
removed at the Northern Pacific hos
pital. Mr.. Petite was formerly en-
plOyed at the N. p in .Hinckley.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1929-08-22
NOTICE FOR BIDS

Please take notice that the Board
of Education of School District No. 100
at Cloverton, Minnesota, will receive
sealed bids for the completion of the
ventilating system in Cloverton School
building, in accordance with plans
and specifications originally approved
by the State Department of Educa-
tion and on file in the office of Super
intendent at Cloverton School build
ing. Said bids will be opened at Clo-
verton School house at eight O'Clock
p. m. on Tuesday, September 10th,
1929.
F.. F. VAUGHN,
Clerk School District No. 100, Clover
ton, MINI.
(Aug. 22-29)
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1929-08-22

AUCTION SALE OF MERCHANDISE
in Groningen Saturday, Aug. "a, and
Monday, Aug. 26, commencing at $50
a. m.
We are disseminating the store bust
ness and will sell our entire stock
and fixtures to the highest bidder,
as is. The stock consists of groceries
(high grade, complete stock, dry
goods, shoes and rubbers, gents furn-
ishings, mems, women's and children's
clothing, underwear and winter goods,
chinaware, notions, etc.
Store Fixtures Detroit automatic
counter scales, 1 Burroughs adding
machine, 1 Champion accounting and
filing case, fireproof, good as new;
loft. floor show cases, 1 eft floor
show case, 1 bread and cake case,
silk show case, 1 tobacco case, paper
cutters, shelving. 1 steel filing case,
and small articles.
Plan now to attend this sale and
buy wearing apparel and food stuff
for the fall and winter at your own
price. Come prepared to handle your
purchases-with bags or baskets, as
no wrapping will be done.
Usual sale terms. Tell your friends
about this salei
The Groningen Ladies' Aid will
serve lunch.
G. A. ANDERSON, Owner.
VIM. H. Barnick, Auctioneer.
First National Bank, Clerk.
CopJ ,-onr orlor -, A,,ox:oo,,
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1929-08-22

FOR SALE-Now is the time to buy
a good 1925 model T Ford truck for
500; equipped with Muncie gear
shift. Average met weight of loads
hauled from field by this truck this
season is 1900 pounds.-John Thine
sen, mile east. u mile south, and
IA mile east of Askov. 51w49-1t
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1929-08-22

FOR SALE+General store complete
with stock. Size of building 24x36,
warehouse 1Sx24, garage 18x24. ice
house 12x14. Everything the way it
stands for $4,000 cash. Cannot stand
too much inside work is reason for
selling.-Frank Cegla, Denham.
39w49-1t
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1929-08-22

FOR SALE-One Aspenwall four
horse potato digger, dug about 40
acres, in good condition. Also one
potato planter with fertilizer at
tachment.-E. A. Richardson, Ar
thyde. 25w47-4t*
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1929-08-22

Your neighbor has sold something
Ask him if he didn't advertise it in
the American Want Ads.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1929-08-22

TAKEN UP-One Guernsey heifer
calf or S months old. Owner can
have same by paying for this notice.
christopher Nielsen, Askov.
25w49-1t*
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1929-08-22

FOR TRADE-Black Holstein heifer
weighing about 800 pounds for any
young beef animal for butchering
for meat ring.-Mikael Petersen,
AskOv. 25w49-1t*
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1929-08-22

FOR SALE-Oxford ram, years old,
weighing about $50 pounds; a good
individual; cheap if taken at once.
i. A. Ecklund, miles east Of
Askov 27w49-1t*
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1929-08-22

MANY BARGAINS-At landmarks
Drug Store on highway No. 1, Moose
Lake. A Rexall factory-to-you sale.
25w4S-2t*
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1929-08-22

FOR SALE-Oliver two-bottom tractor
pillow, like new. Bargain price.
Eleven sheep, all young ewes, nice
ones. Will exchange for cattle
Leslie Riehm, 2 miles north of Ker-
rick. 29w49-1t
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1929-08-22

BSgerne fra de danske L2seringe
bedes bragt tilbage til Komiteen Mrs.
p. N. Fenger, Mrs. Christian Serensen
sller o. H. Dyreborg).
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1929-08-22

FOR THE WEEK

This column is for free use by
churches. schools. societies. lodges
etc.. for the purpose of announcing
meetings where no admission Is to
be charged. such meetings as are
held for social or educational pur-
poses and not for pecuniary gain.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1929-08-22

FARM FOR SALE-Before you buy a
farm see Chris NJ. Laursen, miles
north of Askov. 25w49-1tS
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1929-08-22

BULBS-We have a shipment on the
way from Holland and shall be glad
to book your order.-Ferndale Nurs-
cry, Askov. 25w49-1t
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1929-08-22

Gudstjeneste Betlehemskirken
Sondag den 25. August Kl. 10000.
H. Dyreborg.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1929-08-22

FOR SALE-R ecleaned Minturki win
ter wheat. The best for this north
ern climate. $500 per bushel.-
James j. Novek, Finlayson.
25w49-1t*
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1929-08-22

FOR SALE-United States separator
No. 81 in good condition, $40. Also
high wheel wagon, very good, $45.
No use for them.-H. r. Buck,
Askov. 26w49-1t
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1929-08-22

COAST TO COAST chain broadcast
of the International Bible Students
association by Judge Rutherford,
Sunday morning, August %, at s
o'clock. Tune in on WRHM Mime
apolis. 29w49-1t
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1929-08-22

THE ASKOV LIVESTOCK Shipping
Assn will ship Monday, Aug. &c.
Sheep will also be taken. Bring
your listed stock before $50 a. m.
Christ Larsen, shipper. 26w49-1t
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1929-08-22

FOR SALE BUICK passenger 1926
sedan, model AZ, Master Six, two
extra tires, fully equipped including
heater. All in good shape and runs
like new. Original cost $1,000, will
sell for cash only, $685.. H.
Klein, Sandstone. 39w49-tf
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1929-08-22

FOR SALE Five-weeks-old pigs or
will trade for pigs weighing around
100 pounds.-Chr. Morgensen, mile
west of ASkov 25w49-1t*
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1929-08-22

FOR SALE-One two-tube Crosley
radio, with speaker and B batteries.
Cheap if taken at once for cash.
Virgil Matson, Duquette. 25w49-1t*
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1929-08-22

FOR SALE-First class rye for seed,
from last year. One dollar per
bushel.-John Guessing, one mile
from Willow River. 25w49-1t*
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1929-08-22

FOR SALE-Forty acres improved and
buildings, good land, ~ miles
northeast of Arthyde. Look over
and make offer.-Elling Ellingson,
Arthyde, Aitkin Co. 25w49-1t*
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1929-08-22

Ssndagsskole H. C. Andersen Sko-
len Sendag den %. August Kl. 1920.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1929-08-22

Kvindeforeningen afholder Aars-
mode Forsamlingshuset Onsdagen
den %. August. Mrs. Jacob Hansen
og Mrs. Lars Christensen er Vart-
Under. ALLIE er velkomne.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1929-08-22

FOR SALE-One heating plant No. %
at a bargain. Can be seen at Dist.
1O4.-Mrs. Carl Glienke, Clerk,
Markville, MINI. 26w47-3t
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1929-08-22

FOR SALE-The frame building 22x
so #. on Lot Is, Block IL, Sand
stone. Building to be removed soon.
A. J. Hall Sandstone. 25w48-tf
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1929-08-22

FOR SALE+Bargain, 1925 Ford truck
with shift, late 26 motor, new paint,
good tires; will sacrifice for CASH
Robert S. Rash, Kingsdale.
25w49-2t*
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1929-08-22

FOR SALE-Two good 6-year-old
mich cows to freshen about Sept.
Is. Both have cow testing records.
Fred F. Hansen, Askov. 25w49-1t*
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1929-08-22

DON'T FORGET the Groningen mer-
chandise sale, Monday, Aug. 26.
25w49-1t
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1929-08-22

FOR SALE-No. 10 Ohio silO filler
with pipe and distributor pipe. I'm
mounted.-C. L. Smith, Finlayson.
25w49-1t*
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1929-08-22

Send your order in the American
for want ad at 1 cent per word.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1929-08-22

FOR SALE-Old papers at 5 cents per
large sized bundle.-Askov Amer
lean. 25w48-2t
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1929-08-22

FOR SALE+Junior Jungers kitchen
range, in first class condition all
around.-Mrs. j. j. Jensen, Askov
village. 25w49-1t*
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1929-08-22

FOR SALE-Cegla store and building
nice big rooms suitable for living
quarters.-Frank Cegla, Denham.
25w49-1t
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1929-08-22

FOR SALE-One hundred and fifty
bushels of good heavy oats, at mar
ket price.-H. e. Lewis, Rutledge.
25w49-1t*
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1929-08-22

FOR SALE-Fordson tractor, breaking
pillow and two-bottom plow.-Askov
Motor Co. 25w49-2t
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1929-08-22

FOR SALE-Two year old bay colt,
has been driven some. Price rea-
sonable-S. S. Wallin, Sturgeon
Lake. 25w49-2t
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1929-08-22
MISCELLANEOUS

RATE cent per word per insertion.
Minimum IS cents per insertion.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1929-08-22

WANT COLUMN /
RATE cent per word per Insertion.
Minimum Is cents per insertion.
FOR SALE-Three guaranteed canary
singers.-Mrs. Robert Boxell. Will
low River. 25w49-1t*
FOR SALEEPurebred Shropshire
ram, with papers, years old.-C.
A. Novotny, Arthyde. 25w49-1t
FOR SALE-A number of S-weeks-old
pigs at So a pair.-Steve Purull, 3
miles west of Bruno. 25w49-1t*
FOR SALE-John Deere 2O-inch
brush breaker, nearly new, with
extra share and coulter.-Fred
Steen, Route 2, Askov 25w491t*
FOR SALE-Two year old bay colt,
has been driven some. Price rea-
sonable.-S. S. Wallin, Sturgeon
Lake. 25w49-2t
FOR SALE-One hundred and fifty
bushels of good heavy oats. at mar
ket price.-H. e. Lewis, Rutledge.
25w49-1t*
FOR SALE-No. 10 Ohio silo filler
with pipe and distributor pipe. I'm
mounted.-C. L. Smith, Finlayson.
25w49-1t*
FOR SALE-One heating plant No. %
at bargain. Can be seen at Dist.
1O4.-Mrs. Carl Glienke, Clerk.
Markville, MINI. 25w47-3t
FOR SALE-The frame building ok
so #. on Lot Is, Block IL, Sand
stone. Building to be removed soon.
A. J. Hall Sandstone. 25w48-tf
FOR SALE-TwO good 6-year-old
mich cows to freshen about Sept.
Is. Both have COW testing records.
Fred F. Hansen, Askov. 25w49-1t*
FOR SALE-First class rye for seed,
from last year. One dollar per
bushel-John Guessing, one mile
from Willow River. 25w49-1t*
FOR SALE Five-weeks-old pigs or
will trade for pigs weighing around
100 pounds.-Chr. Morgensen, mile
west of Askov. 25w49-1t*
FOR SALE-One two-tube Crosley
radio, with speaker and B batteries.
Cheap if taken at once for cash.
Virgil Matson, Duquette. 25w49-1t*
FOR SALE-United States separator
No. 81 in good condition, $40. Also
high wheel wagon, very good, $45.
No use for them.-H. r. Buck,
Askov. 26w49-1t
FOR SALE-Forty acres improved and
buildings, good land, IL miles
northeast of Arthyde. Look over
and make offer-Elling Ellingson,
Arthyde, Aitkin Co. 25w49-1t*
ter wheat. The best for this north
ern climate $500 per bushel.-
James j. Novek, Finlayson.
25w49-1t*
FOR SALE-Oxford ram, 2 years old,
weighing about $50 pounds; good
individual; cheap if taken at once.
Il. A. Ecklund, miles east of
Askov. 27w49-1t*
FOR SALE-One Aspenwall four
horse potato digger, dug about 40
acres, in good condition. Also one
potato planter with fertilizer at
tachment.-E A. Richardson, Ar
thyde. 25w47-4t*
FOR SALE-Now is the time to buy
good 1925 model T Ford truck for
500; equipped with Muncie gear
shift. Average met weight of loads
hauled from field by this truck this
season is 1900 pounds.-John Thine
sen, mile east. u mile south, and
"a mile east of Askov. 51w49-1t
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1929-08-22

Well hone the cylinders If they
need it, grind the valves, check the
ignition and carburetOr and turn
the car over to you with pep like
it had when new. Bring the car
I'm and let's talk it over.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1929-08-22

FOR SALE-John Deere 20-inch
brush breaker, nearly new, with
extra share and coulter-Fred
Steen, Route, 2, Askov 25w49-1t*
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1929-08-22
WANT COLUMN

FOR SALEEPurebred Shropshire
ram, with papers, years old.-C.
A. Novotny, Arthyde. 25w49-1t
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1929-07-29
UTILITIES TO
RECAPITALIZE
Middle West Company An
nounces Drastic Change in
New Stock Proposal

CHICAGO, July Philippians
for a sweeping disqualification Of
the Middle West Utilities company,
one Of the largest holding concerns
in the public utilities field, were an
nounced last night by the directors.
The company Is an insult organiza-
ton.
The plan involves a $50, 900, 900
melon" for stockholders in the
form of sotck purchasing rights and
a stock split-up.
The recapitalization plan will be
submitted to the stockholders in
September, when their permission
will be sought for revision Of the
charter in accordance with the new
scheme.
Principal features Of the program
are:
Liquidation of all funded debts;
privilege of stockholders to buy one
new share of m stock for $500
each four shares of all classes of
stock nov held; issuance of rights
to holders of prior lien and prefer
red stocks, which will be called in,
to purchase $55, 000. 900 in new 6 per
cent preferred stock on which divi-
dends will be paid in cash or COM
mon stock: a split on a 10-to-1
basis Of common stock paying diyi-
dends in stock at the rate Of 8 per
cent annually on the number of
shares held, after foregoing rights
have been exercised.
Announcement of the proposed
disqualification scheme followed
several active days for the stock
on the Chicago exchange. last
week it. sold as high as $40. closing
Saturday at 1854, recording a net
gain OF SIS points for the week.
Earlier this year it sold for As
low as 158 and in 1920 could be had
as low as II and Is.
Upon completion Of the
the company will have no funded
debt and will be capitalized bv $50
OOO shares Of S6 preferred stock and
13.445,O 600 shares Of common stock
The company directs the Central
and Southwest Utilities company
the National Electric Power com
pany. the Seaboard Public Service
company and the New England
Public Service company. The Mid
die West Utilities company itselt
has outlets in III states.