New Britain herald., 1929-07-30
BRIDGE TORN DOWN ALONG BOULEVARD
New Passover Must Be Erected
 Within 90-Day Period
FORM SECURITIES FIRM
Bristol Trust Organizes Holding Company Bremen Receive Check-Hc,d On Statutory Charge -Endce Field Day.

| Check-Hc,d On Statutory Charge -Endce Field Day.
 The first steps in the plans of the park department to beautify the eastern end of the Memorial boule- ward were taken yesterday when the old bridge over East street was re- moved by Cosmo Vacca, local con- tractor. who has been awarded the contract for the erection of new bridge which will reopen East street to automobile traffic. The bridge, according to the terms of the con- tract signed by Mayor W. Raymond Crumb on behalf of the city, is to be completed within l 20 day period. East street vas closed more than 20 years age when Melten street | was constructed and the reopenInG of the highway caused considerable 1 discussioE on the part of the city council. Councilmen Frank Dutton and Homer Judd expressed dlsap- proval of the project and even went so far as to register their dissatls- | faction when the contarct for the rev bridge was awarded at the last meeting of the city council. In their opinion, the reopening of the street created one more hazard on the i boulevard, where there have been numerous accidents during the past l few years.
 | It is understood that Albert Ses- sons, owner of the old factory building at Riverside avenue and East street, has agreed to rage the 1 dlopidated structure, this conces- sion being made when the city agreed to reopen East street. The erection of a new bridge will greatly increase the value Of the Sessions property which at one time the cit, attempted to buy. The price set by MT. Sessions however, was deemed exorbitant and the deal fell through
 Work on the new lagoon at the southeast end of the boulevard is be- ing ushed rapidly by the public works department and its expected that it will be completed this week l The lagoon will be used in summer by children for wading purposes ant in winter will furnish an ideal spo for skating.
 Securities Company Organized
 Announcement was made thi:
 morning of the organization of ths
 Bristol company of Bristol, Conn, {
 securities holding company, with { capital of $500,000. The new firm
 will begin business with s75,000 pal,
 in capital, consisting of 5000 share
 of S25 par value stock. It is the in
 tention of the company 10 issue d
 dltional shares sufficient to bring tn
 total outstanding stock to $l50,00'
 in the near future.
 The corporation has been organ ized by interests identified with th,
 Bristol Trust company, and it's or
 ganiZers, in following the example set by banking institutions in otheI cities, are confident that the result! cf this enterprise will be as gratify
 ing as they have in all such similar organizations throughout the state There are now some 20 such security companies in Connecticut, pre-emi nent among them being the Cit! company of Hartford.
 The charter of the Bristol com. | pany, Inc. gives it the authority tt ] transact a general investment busi ress, real estate operations, real es 1 tate securities, holding com pons 1 functions, and all other activities kindred 10 banking and finance which are not included under [ bank charter.
 1 The official personnel of the Bris. with that of the Bristol Trust com. l pany, and is as follows: Joseph E | Sessions, chairman of the board George s. Beach, president: Charles 1 l.. Woodtng, vice president; Charles ! N. Gordon. secretary and treasurer | The directors elected are as follows ! Joseph B. Sessions, Charles L. Wood. i ing. w, kenneth Sessions, Arthur N l Manross, George $. Beach, Charles i N. Gordon, Paul NJ. Hubbard. Ed. 1 gar l.. Pond. and Luther j. Potter
 Stock of the Bristol Co. Inc, vii Ge offered to shareholders of the | Bristol Trust company on the basis of four shares of the new company | for each share of bank stock held Notices to stock holders of thi' offering will be placed in the mails 1 III the intmedist future, and inc
 subscription, as set forth, expires a
 5:30 r., August 20, 1929. and i. not assignable.
 The election of the directors anc officers took place at a meeting helc last evening in the offices of the Bristol Trust company.
 Placed on Probation
 l Adam Zarek of Lois street, charg- ed with intoxication. breach of the i peace, and assault. was given sus- i pended sentence of 30 days by Judge Joseph NJ, Donovan in police court