0 y I T u uUN
JIll JIlll
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vTfcE flir lnE SUN su THURSDAY a 0 SPA 1ANUAKY 6 1910 1
TERMS MS OF TRUST T TPIIlS CO MERGER MERGERBO
r r
BO o4lIs A lint Of O ALL THttRE tOV tOVriN cuiiJ
J riN PIIlS ns APPRO IlIR > E IT ITnlll ITIII r rlII
nlll III HP II lnrRMt Trim Company In Vliei VlieiI he II IIIlIlInlrThrHSharn
I IlIlInlrThrHSharn otinlry ThreeShares of r uaranly Guiaranlyrr < uaranlytor lIaran lIaranrllr
tor Four ur at Morton Trust Tru t One Un or orltiarnnty orlilllrant orliuiraflty
ltiarnnty for Two or Fifth nh Avetuir truiThnmergnr fltu fltuThmtrltr
1 Thmtrltr ho merger nt n f the Morton Trust Com CompjrnniultlHKlfth Comjldnynnd Cornra
pjrnniultlHKlfth jldnynnd ra flY iflCI the tI tlftv tftvn2ErruItcompany tftvn2ErruItcompanythh Avf nuoTrURt uerrutCompany uerrutCompanyhlh Company Companywhich
which hiv < l been e n controlled by Thorns ThomaHIIII f fKJHII F FRYAI1
KJHII with the Guaranty OUl Trust Company CompanyV Companyupprol
V i < approved J unanimously at meeting meetingrW m meetngstisthreioarLaof etinglr
rW r thf h tisthreioarLaof three Hoards ltoarfl801 o directors yesterday yesterdayTUP
TUP 111 T terms of tha t e combination were agreed agreedipon a aIron agreodtpon
Iron anil III flI 1tho the Election gI cUon > of Levl LevIP P Morton Mortonn 1Jortonhalrmat1
n 1 hairman of Ihe new bo board nr was ae aef1I mil rntlfM
fM fMIhe
The stockholders of the Morton Trust Trustl TrustCompany TruatMUflY
l Company omp ny will be entitled to exchange four fourtinres fOlJrhu fourRhre
tinres hu of their Block for three rhftrra rhftrraof barfllor
or Guaranty stbck If all of tha lheet stdck stdckor ck ckor
or the t Morton Trust Company In 1Ju 1Juch1ngt ex exchingwl exchnged
chingwl < t at thin ratio now stock I of orthf orthfJarantv the theVuarantv th thGuaranty
Guaranty < u will ill thus be tanned to the amount amountof
of t JlWiOWKi SlIOOl The stockholder of tho thoFifth thofirth th thruth
Fifth vetiiioTrust lflt Company can con convert conwrt vonwrt ¬
wrt twobbarea of their old Block Into one onenhiro oneh1rO onevir
nhiro vir of Guaranty stock It will require requireK reQlllrennnon reulreiNX
K > nitnon of new Guaranty ste RlQiIk lc to mw meL mtfllIh meLthis l lihi
ihi this exchange if nil the old stock IK I lunnxl lunnxlOX 111M 111Mpr tunTh
OX IT ITThe prTh
The Th combined dt d dposits > pomta of f the three threefrulto IhreeornpaIl1 threeeflnNfflectilLe
eflnNfflectilLe ornpaIl1 tp1iItothUlneri frulto tho thttnergrd merged d concern the thaTrust ther therint
r t Trust r rint l company in the country countryThP
1 ThP Th tie reports of thn three companies on onhnuiry onIanuary onJinuuury
hnuiry 4 j8 show eow ow that the total deposes deposesimi dOpolll dopelaimutlt s sampllll1
imi ampllll1 int to JJnSOflOOO or mom than thanjj IhanSZM1IImo
jj SZM1IImo s IIKI nn U greatnr than the Farmers Loan Loannn l03nNn1 loanuunl
nn Nn1 I rrmtjCbmnnnyH rrmtjCbmnnnyHSo 1
So n announcement nt Wltl wnn mido lost night nightof ulglitci
of tl I hI p perxonnel rOflflOl of the new board of direc directors dirtctorl dircotori ¬
tors II P Daviaon of 1 P Morgan ft Co Cohid CoIoood Cothat
hid that the board bo rd would probably be in inoiR InWR inca
oiR > ed to a memberHhlp of twentyfour twentyfourhii
hii milling definite dl nltft had been henreached pn reached renchedI an anii aa1u
I ii I wit direcvors tlrl JofR of the th two companies companiesi
i IP Ken over would find 89ait St1 in tne new newIHTC newII newsrd
IHTC II srd rrl It was possible howerer that thatM t tiatporne at at0111e
M porne me > of the preen lrt > b 1 Guaranty directors directorsfeutliri dlrfctorRIII dlrectoreWtHfi
feutliri III K ve place to newcomers > ril A meet ntoetIIIK meetI9 t
IIIK 1 V lie h stock tockhldtrK holdftH of tb the Guaranty Guarantyti
< ti III > l he > o held on TIby Tu < wliy January 25 Sat Sathlcli at atvhtcM athrcu
vhtcM u i i11 boar 1r < 1 wlt Hi il tio M elected olt > Cled At this thisIM thiauu hl
IM 111 uu 4 > Tth c CdI < vi > al 1 stock of the concern concernTllb concernill
Tllb ill 11 h incroaffunSXX increa ku t ti 000000 OXO > ooo On the 1Mb 1Mbtrt
trt Mr < m n will Deir lie t mnHnz Inn nJ to rncmise the theirhtnl the1tll theumtI
irhtnl s Rock ock from 2txxooo to S3nnnno S3nnnnoarid 3txmOflOkrtI
arid lit t iHi 11f mil Imlfquett < pquett meeting the raise raiset
< t VJ S JWtioo more vtl txi put pllt1hrough pllt1hroughIll through
Ill 1 U < suc ft c ttodsrs 11d of the Qua OuanmtVrnlllt OuanmtVrnllltCllmpcuy Guaronty rent v Trust TrustCuninuiy rnuRtcunpuy
Cuninuiy ceo invt ed to t > deposit their theirhOcx thliK theirOuu
hOcx Ouu K ikutfKT hCl a voting 11 n1It1t uat agreement vrfOmfntater agreementatterrt4e vrfOmfntaterf alter alterfU
fU f rt4e e nierkerihatfJ It H n completed This ThisviRreement ThillH Thie4greement
viRreement H reEmtnt if 1ft to be daicd January 3 1B10 1B10vtand JlIIOnd 11Oand
vtand and nd la to colitjnilo e for five yearn The Thevoting Theotlng Thevoting
voting trustees s who will hnndln the tratis tratisleicbte trab1tI traheIerhe
leicbte 1tI ble voting trtiu tru certificates Issued to toi tor toropr
i r represent ropr enL stock deported dOIX > lIlllj under thin thiRatroementcre thiuarpemen thinar0ementcre
ar0ementcre arpemen are George F Baker Henry P Pi Plftvison
i Prvtoon 1 vitlon and William H Porter PorterOf
Of the increased capital stock of ofthe oftheGwranty the theU tiltGIranty
U GIranty iranty Sl000000 will have hen offered offeredlfpie oll orrerodlt rod
I 1 lfpie lt re the merger Is complet d < d to the theihareholdem thaihhareholdera
ihhareholdera of that concern for pro rata rataiMibscnption rata1lbscription ratattubscription
iMibscnption nt par The remaining remainingXWOOO remlrili111szfJooooo remaiqing2fOJOO
szfJooooo XWOOO will he available for exchange exchangefor
for shares of the other two companies at atthe atth atlhp
the th ratio given above When the merger mergerIK
niP IK u finally t n IlYfixed fixed tho Guaranty Trust will rWillf
f have besides lueH its onpitnl ORpitlllltock stock of S500a00n S500a00nn 5 000000
n surplus ui jIIM including nil undivided prpQt prpQtanpioxintatelyof pmUttapproximately prnt1t4tapproximately
approximately or S2louo0ou S2louo0ouThe lOxOuoThe
The repocTB of the three concerns of of1iM orltsl oflaM
laM Tuehd TU yshow 1ho how that their net earning earningorthvytnMftOOarnaafollows earningsortbeynp Ut1ingKortbe
orthvytnMftOOarnaafollows ortbe ortbeynp 1 lloIIarflMfollowlI Guaranty GuarantyH GuarantyIG8189j GuarantylG28189
H 038188 IG8189j Morton Sl070OOi Fifth Avunue AvunueK3A289 AvunueS328t1 AvenueS3e289
K3A289 The market value of the Guar GuarRnty Ouarnnty Guarnty
Rnty stock accbrdiug to the latest pub pubIi pubJare pubIiie1
Ii Jare hed sales is 8J3 83 That of the MortoiiUt UortllIbWtl i1ortouI3ruld
511 Wtl 3ruld rfrid rirt the th theFifth Fi Fift fth h Avenue A enUB 395 395Tip 1115I 1115Tip I II ITip
I
Tip on Mull Kxporls to Mtnlls Mtnllsj Ianll IanllkheQllltOIOHOIl6 1anulI
j UivAXwtomUotMe ha M1Inotif notifkni d shippdrs shippdrsi
i of merchandise by mail to the Philippines Philippinesthat Philippinthat
that they may avoid trouble by taking takingfrinpments takiriglI takinguipm
frinpments lI uipm pment8t nta to the drawback department departmentof
of the Custom House for examination examinationifter
ifter which they will be put in the mail mailliy mailI
liy I Ii the Collectors office Certificates of ofnnxm orMdnwlll 01rriinwill
nnxm Mdnwlll will be Issued in triplicate one copy
fortheshipperonefor for Ihellhlpperone the shipper one for use on the package packagexnd
xnd one for the Collectors file The TheCollector TheCllIctor TheCrllector
Collector is prohibited isauing i certificates certificatesof
of origin ori ln for tormail mad exportation until the themerchandise themerchandi8e thernerctuandiae
merchandise U ti examined at the th Custom CustomI Cu to D DI
I HiJUSl
M4RIX M4RIXSIKIATUflE RIXI K tXTKLIiWEXCE tXTKLIiWEXCEUIXIATDRB
UIXIATDRB AL54AMC THIS DAT DATui DATSU1
SU1 > ui rises i iT TJ T3IISvlI ISun Sun Mia nets44lMoon 4M4Moon il ilIIIQII rbe rliesu3 rliesu3I 1
I IIIQII WATCB TIS DAY DATIanrjHook33ao DAIiIUl1 DAYI
iIUl1 I IanrjHook33ao krly Hook33GoIalnd4011IHell Hook33Covlsland1 UUad Xl Hell Gate GatefflYdWLDXUDAT ADI ADIArrlrrd SOIArrltdWl
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I s > > Kroonland Antwerp tT t 13 13Pauls Is l lPatrlst
s > Pauls IMtrftt Ialr I lec ee IT ITnrdl 11S 17TurdbtAn
S < < TurdbtAn < nrdl rdl > Un U IJabnn > bnn l U Ie > f 4 4K tlondon 4trft4CItle
K Xri trft4CItle CJXtl lx london > ndnn lier I is isV I Is 1ortc
s V I Norlr orlG ortc GitlxMlon tire ai aiSurrey 1 uuer I Il
> Surrey uer Kt W SVeuJsui > M Jsn I IHamlllip IlleinuItnorfoIuc
Hamlllip lleinuItnorfoIuc l r Norfolk o Jlt J Jn n 4 4Trc 4 4TrtfrlA 1
100 Trc TrtfrlA Do Dool1n fn Jnn J n I 4lIaruaha I
5 l1 li lIaruaha rnah aha J11U flrurck l JII Jen I I IAI1PIITD
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Tnionlc at Cbertxmrfr from Kc New York Yorki
i r rrrslUrnfGrADIat iMmhurn blll1l from New ew 1 York Y York1LVt orkixtiru r rULJt I
ixtiru 1LVt > rrou 011 roi rolMOf KinM PORT PORTSPrlri7 OIITS FoteS4
SPrlri7 S S4 Prinz PrIn rrnlerlrlt XVIIli lm fur Or Nw ew York Yorkfrj orll1
1111 1 frj n i I brrbnurff I
N Sit txiulv ro Loul fnr N New NewoUTOOla > rv > v VorU orli from SomrjaTipton SomrjaTiptonOOTOOJNO s
OOTOOJNO siKAUsmrs siKAUsmrsSalt n1lAY I I1aU
Salt Today
MifZi 11 Vrltrli VrltrliSoil 111 111CIa SP1Jdos
Clan Clanlew CIa Soil IallI
1 14 v Ttretjicne lane HavreHoon lew 1 II 0 A W 10 1000 on 0 A M 11lloon i iT
Hoon T IJrrmfn 7 1110 ti 9 A M 10 00 A M M12MM 11Ioranu UPiierangj
ftixranz llavaaa llavaaafruira U 00 A M Mi 12MM I 00 M MIrurra UIruLeraHwacllToro41FAO4M
fruira IruLeraHwacllToro41FAO4M Boras II del dtlroro Tore r rfin i iiaon 11 II A M = IX XPM XPMl4anMur P MI MIh
fin 44 l4anMur nf ColumbusSavannan ColumbusSavannaniMinllton CeluimbuC h anes s Svant i nti b 101 IM P i1i i1imllion U UtumIiton
iMinllton Norfolk 30 I m IM IMSTllUIHtrS PM8ZIl
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Inz nt SI hnIVnaIJlmalra 1 OIl A 11 1 no 4 Pit PitpiDPara Jl Jlf
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urho n niurgoTampIo gIA Jackonv1lIe il Ii 3O 1 X t tMoroe if ifurho P ii iiMnjroe
Moroe Xorrolk 300 P M MSail Uu
Sail u Sallllddll JanuarJ L Lork r rh
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IOW us oii 10 STllUIHtrS STllUIHtrSDun uuuaZbui 41181 41181bu
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Klnialo Klnialoraermo Dec DecDec n nI 2 2AI
AI I raermo Dec nerII 22 22Deo
II nell 10012 flea 22 22Jan i iI 3 3Puerto
Kingston KingstonIhierto > Jan 1 1Dec
I h Ian Puerto Mexico MexicoV M MellcODCC u coDec Dec 20 20Deo 294ournempWn
1 1 ailr UlhllmplOn Deo nec7rit n nDeo 11h
1h Kotlerrtam Kotlerrtami toiteoiemteo Deo 24 24Deo 2 2n 24New
n i Dunkirk DunkirkNew I k J Deo 19 19Jan t tnl
New Orleans OrleansrkorfolU lt ii Jan l lan torfoIk
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nut Tomorrcu TomorrcuIfambure TtJmoroUrtlIl 7nnorrotftI4rre
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1Iru Hamburg HamburgHill HambtzrEflec 24 244 24M t tt
f t i fa I in intuo Hill Hillitvvann HIIIL Deo I eor > 2 2Jan 4
M r tuo tuon ii itvvann itvvannUalveaton Jan 4 4Jail 4n 4n
n larlnln Ualveaton UalveatonSavannsti Jail I IJan 1of 4of
of SVArPI aII 1atl Savannsti SavannstiXew vllnnah Jan 4 4Jan 4IrIJ 4IQ
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mruow1 too1 Norlolk Jan JanKjvre II IIl 61uSf1u4urh
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JAn I IDec Itn IjAfldfl
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1 Critical Criticalhaul Jan 3 3Jan
1 rt Ir eilerIendn tIri n l flr haul haulTnmplro WiI j Jan JanHer JAnI
I 1 Tnmplro i Her It tc W IIIh 301r WJnn
h nr II C olrolr Jnn t tn 1n
n > Marconi Wlrelris WlrelrisWald ftlr tlrdetiA
A 4 Wald taldnertNew VAidriie rwe f fnf if New ew YorK tlIII waaTM w AA 1M miles milesSadv mtlrAsnd4
0 M Sadv ndlllc Itiwk ok > it IIIIJI II5 A M jeslerday jeslerdayfor PterdV PterdVfl Ierda IerdaS
S fl c for Nr N 4rW < v Y Mk rk was wa 2M tI311I 9 pities 1 eat ol ol1M o od ofth
> d th tIk1t1CAM tIk1t1CAMrriinitf pI < 1 J1C 1M 1Mloc t Jof JofeIrnetll
eIrnetll rriinitf loc New rw VcU eI vi tu is s M9 mile mlleiAdrlMle lIIlIeMnlv mileAnIv
> Mnlv JlWii AI n nI flflOII flflOIIdrtAfle
AdrlMle tor N IIofW tew jw VorU ork was w 6TO 6TOllouh nUe1 nUe1nrj
64 I nrj hook at 4 11 UaG ii1o Jl > A U IJ itr
r J ftti it Lt
GOSSIP OF y WALL WALLThose tt SnEEJ SnEEJTboA8 STRE1T STRE1Trhoie
Those mysterious mI myuter ler1QUA a aellliiff on ohJ or4erLInRoci or4erLInRociIslend ersTri rn Hock HockIsland RlXkblond
Island which disappeared dlMp Mrerl before to tMQpen1 fppenV
Ing In or 0 business last week w ek are Dr not l fto ftoall rti fteuill
all lIke the peg t In II1thter ifk1t4ter4eI IhterMeU etcClmllloqr cqmruorj curimouml
The 111 peg P 1f after aft r holding hoIdli the sjoclcui lock upj1bove up > Above AboveAO
AO 0 ror month vanished over night th and nndnovvr RnllDovor andDover
Dover ha then thr been a trace of it itlnce itlnceThe since sincethese sinceThea
The these selling 1I1n1r order the th absence abjhcfo oT which whichshot whlcBhot whktishot
shot Hock Island common mmontQ1 above 4Ii SO 4 did didnot dltinot didnot
not appear P rrr ror eight market days daiui ln n nil nilor Rltor allof
or Which tltnn the th stock < sold lI ld higher hlCh r than thanb IhnfOl thenbefeo
b befeo foro tbetr tblrdlaappc clinuppcaratice rllllc Yesterday tJrdr they theycaroo theycaruo theflcsIuo
caroo lo light lI btllnd tt and Imiuodlatslv began lillft doing doingexevitloi dolnltI
exevitloi 4xe 1 ltlnl Thy fonml Rock RJcrlladJIelltl RJcrlladJIelltlk1 Mand selling sellingat
I at M Vlv niii operated oP9ra t so 1 > sucoe eucuestully fully tint tintut thau
ut u the cloki do the tock void at O 4a lo of ofTit
Tit 1 points on the dav dll17The dmvIhe v vthe
the mrl lIIIIrlet t opojitvl tfIIIJ Mrjjeganlfora itre trJ 111 tforathllP tforathllPtld Iforatlune IforatlunehelcVwll time timeheld
held helcVwll well 11 It wn W not no iinltl PoclcrinUml PoclcrinUmlwai f1bCkINIavdWaadowij khJ khJII
wai Waadowij II dowu a poinU Unit tin UuothrbeaIIII tlIOthAregsIIto ctht > r Jxc ii iito
to decline Indoubtedlv the tt brVati breatcthe 11 11the Itth
the th others olh wan wa nordue not dill entirpT tlIl1r eni Irity l t tuhection tuhectionof IJh Jh l 4ctlor 4ctloror tlf1 tlf1of
of Rock Islandbut Alanll bllt that the tlIIactlbn acllbtt 4r t IVWdr IVWdrIsland tAMcIIand 1 1IlIlanq
Island wit w n contributor contrlblllorr catuuo < < aiiw II Io > 14 I not ot I Ib 1b F Fbe
b b douhtod Wbnthor 01 not ri t Ufo thonia1orlt thonia1orltof matarltr matarltri
i or speciilntof culnl rA consider c Rock Island common commona l lII
a Mock I k or a white bit chip tho th thef4t met tt In I that thati thlltPt thatspemulotlon
i speculation Pt illiation In It has h been very Yeryt1 neavy vy for forowrul to torul foorer4I
owrul rul vi wek > > ekA ek and that it i1 i rvlnU retntbreHk retntbreHk11I11 breHK breHKmust
must Inevitably InyltblYlIlvl have caught cR llht qt6i < tat t p > low ei or ord ordsrs 1 1III
d dsrs r suit III Induced en callin 11 In a or loonv I cin n The Thercsulr ThfrIfAIIr Thernreauuif
rcsulr of O osh c hh or th thae < > oratIon t tvto tto > vto to ln lndiof nht Lnulu >
diof ulu llcmlilatinn In other stock b bi > spcuI spcuIjlor ptcu ptculalor pcuIjiore
jlor Ijiore Ierlrtna Irlna to protect their thIIR thekRkIsIaod thekRkIsIaoduuuuinlInejt Ji < i k klalaDd klalaDdoollllnltDltIJI1S > Island Islandruminllmejits
ruminllmejits and thus It Itbfln bringabout bringaboutsellln bri4e bolll bolllI1ll1n bOUIacilIn
sellln srro tk tNooard tNooardhn board boardlrn I v vhrn
hrn In th tJ mtilcllx nf the th theHOtk oftcfnopn oftcfnopnItock ft 109D 109Dtolk
Itock Ulnnd was I points oInt off II laalI ws > reported reportedIbv Ortt1lb rte l lby
Ibv b by the th iisvvK 1111 tlckern that the I h directors ltre tOill had hadI hodniP hadold
I mot niP Ihn hp previous prevl > u day and had hadporfen hadporfendlAcllJspd poteven potevendiscussed potevendiaI8ed
discussed a dlvld4nd dlvld nd Tb r fl2 pr fgrtsilatock prqfrfetoc1rat fgrtsilatockat r rtt1 lIloc lIlocat
at oncosotd onC1O nc lioid olT olJarpb on sharplyArt iharply And J the thecmmon thecmmonlost common commonlo mmoQlot
lo lot t p points more moreNens Inote looteWe
Nens e eWe froni Washington eugeilj eUKe1 jlntalted jlntaltedHim htall4dIh
Him Ih prevlotn day wm or ni wa1ah rietut t rharr rharracler rhurIIclfr rhrracter
acler A house hOIl nliose J1oednce dvcnce Information IcforrmllonIs
Is ordinarily very ry good was told byjt ror rorreipondnnt Orre rorreapontlan <
reipondnnt re mtthR that no D drastic dri drasViosudfpUratlon drasViosudfpUratlonrecornmantatlonii anticofrporatloi anticofrporatloirccommendatlonii ira orp ratlOD ratlODreconimmdatlon >
rccommendatlonii veroext werexpected er eJpI > octMlr ir IresU IresUdentlnfts PreIdut pident
dentlnfts dent 1 infI nns fortbcnmlnKinea < aan Gener Denernllv Generlhlh Generally
ally lhlh the mporla fft Orlre were or 6Ttzh such Ich a character characterHH c1l cthracter cthractera uacter
HH a to iniluoe neither noltbarbuzyInx 1lbr bijyins nor nQ Doi4I1Ing palling ll1nl ot ofstock otatocka
stock 1110 Nor 4orwIih with lIh 7 per percent rent nt the Ih prevailing prevailingrule I ireaIILonttp reall1 reall1mlp >
rule for call money mone was die thereanything thereanythingIn IInytblnll
In n the Ih money mon situation to Induce In < any an but butscattering blltauelnl bittaatterlnr I
scattering liquidation TM 10 hulk of o the theelling thetIe11nl theetllna
elling It seemed mert came me from tired I rd holders holdersrmnt liolrlentflRIMr Iuolderfrnnires
rmnt tflRIMr scores of eeciuIatnewhoetpecteduj ppcilarnr 1lllaflho wnoctpecled 1It clrd clrdbll a1 a1bul
bul Jiiovsmenr > in Halu set et In once the th Japunry JapunryInterest J 4puaryintcruit J1uRr J1uRrI
Interest I 1 rHt nnd dividend disbursements were wereoutof wereoutof wereuiLOf
outof the war a ami ii1 who hn were te distrusted at atindiratlons UIndlraUqn atindications
indications that the iii clidnrea Were anile anileax qllleruvnrnhlfl
ax favorable In a hear movement movmq t Hun Hundred 111111d hundrede ¬
dred d d or trader who ho held 1elilsl6ek slock through throughthe
the th nncertaf nllriaffl movement or Jet Decpmbtc Decpmbtcwere Ievmbwere mJU mJUlIre
were lIre plainly 1I1rII 1 ixrpleied and roncerned roncernedover 1
over Ae I La action of IhaniarkeMn Ihat irkat In J1 theafter theafternoon Iar ¬
110011 noonIt 110011It 1100111f
It wnn t siingMted AIIIIICNtedIbat that a buoyant huo uoyin nf stock stockmarket stockmarket tee teemarket
market would lIt look well ak alln an n aftermath aftermathor
or Ihe Ih conrerencn between bet un Ihe President Presidentand Preat4entand
and nd the railroadt rallroa4i1rl8ldentA > re ldent that JOwould JOwouldgive twouldgIve
give 11 opponents or the Ih corporations an ari op opporlllnity op opportunity opiortuunlty ¬
portunity to gay that Wall SI Slr Strelightaul rev f vaade vaadelighted Ia Ia1hhled >
lighted with the outcome or the ottntarsneaThere cOnreflcarhere ottntarsnea oDarepC6rbere
There seems to be bdoubltbttha no doubt tbufth Itjah flgbcoI Itjahcr ab abCOIt
COIt cr t of living hnn had no little lite elTeot elonl effeo4untht effeo4unthtstock onthe ontheFto i iIIOfk
Fto IIOfk stock < k market nllrkt ibis Ibl weak eek ll 1 IA perfectly perfectlyapparent prkClly prkCllyaparenl prf ctI ctIapparent
apparent that the reinvestroent rrlnvelmenNtmaDJbu rrlnvelmenNtmaDJbul relnveetmentdemandtss relnveetmentdemandtsshepfl lemandhaa lemandhaabeen
been l > i muih Ilwl uujul lighter Ilhlr than after lner January JlnUIY I Iln IIIn iIe
ln IIn tt venr > enr enr though Ihol h the January Interest Interestard tlteat tlteatArd
ard dividend dlilend disbursement aere ere greater greaterby Ireatr Ireatrh
obvl obvIei4 and prob probable bmbable Drobable
by h many nlalY ipllllonj pIJQf1be The ohvleuj ¬
able explanation ePaDatlon Is Ilhat Lsthat that much mich men mor morQf1bf morQf1bfhruterefl or Qrt QrtInlret this thisinterest
interest and dividend money monoyba has gone loiieIDl gonolnt gonolntIlviur Into Intoliving
living 1101 expenses eu eipwesekherinunrald tkherhnjnpald ekhrll Jad bills blla ortry ortryJetxinlt orll orluvaetwjeltato
it aetwjeltato Jetxinlt II > lo meet m t future r lure expenses expensesViiU e1pell5 e1pell5Wih expenseeVitb
Wih ViiU the Ih tharealoratlon restoration releaton of the 4 per pr petcent petcentulividend cent centdividend cntdividenl
dividend on 01 Die Four Fourractlaalr practically nil tl of ofthe or ofthe
the It Junior JulrVanderbllrrreloW Vanderbllta are now paying pyila tbe tben tbeII lb lbtame
tame n II > e dividend dlltld return rtur as I before Wroreba tbe panic panicThe pnic pnicThe panicThe
The onlyeiceptlon onlyI pdoD oT o any aDJlmPrtce aDJlmPrtceiIUblft angImportnee Importance Importancelltl i ilittbuurg
lltl iIUblft littbuurg biirt and nd JAke Erie Ire whtcA hl ruiid rld 12 12i t tr 42ncr
i ncr > er r cent In I 1007 107 and ad l It paying palc 10 le per b cent centnow centnow rntnow
now Tie The Tli two moet Important QPrtltD of thece theceroadshoweverpald theetod theCeiods
roadshoweverpald tod iods however vaidmatm lllllmlte mefeih IfKS US than thanBUey thn thny thaney
BUey ey y have since ID t Lake kd ShoreTdeclaring Sh Shor rt decarlDI declarIng 14 14per 1 14per
per Jr cent and Michigan Jth11n Centrfl Crnlrl CentUl I Iper per r cent centjhnt cantShil centtiat
jhnt Shil tiat year Ta ss a compared com ad wltht2 1th U and alf 1f 8 re respectively reIp Fepectlvely ¬
spectively Ip tvely since Ilnee tbat time S 6w < wv York YorVCentral Yorktentr YorkCentral
Central tentr I doe not profit directly direcly from Cral the thepic te teh lb lb3Ig
pic 3Ig h Four Oll dividend dllde d for it Is Is takeiShore takeiShorethat Shore Shorethot
that holds thin road In the Central CtralUtam CtralUtamfl Ceatraiytem CeatraiytemLake systenv systenvLake
Lake fl Shore own I3000000Q 100 or r thet thetout the out outnl outlanMnl outatandrug
nl atandrug lanMnl nnd fug I47oo4o00 14700 Blgro 81 oji > Vr cotiimon cotiimonand couumon couumonndthut o mon monand
and ndthut the II amount which It will 1 receive recelvI In InBig I In3Ig
Big Four dividends dlyidendll l Ia < equal to 2 26 i percent percenton Pent Penton
on the ie outstanding outalandlnl SSO600000 uO O take Shore Shoreotnck Shorealnk Shoreiitock
otnck This ThIl Additional IIddllo11 Income U I more
I than than enough rnolllh to defray refra the expend e1 e of o Id Idcreasing Idrcrlslni hicreasing
rcrlslni creasing Ihe lkai 1il Shore dividend divind to the theItna thelt0rate theILfl
Itna lt0rate rate of 14 1 per pr cent and an flattered i1aIt aH reL et the thehope Ih thehope
hope of an lD Increase In Ihe lii Central Q r 1 dividend dividendthis dlv end
this rear 11 ie a result rflUI of Increased ltcrell Income Incomefrom lucomtrom tucomfithi
from BUbafdtarlea llbrdlaJe and the tbl InvreaMd ID TeI d earn earnings ear earnInga ¬
ings lnjR currentlrreportefl currentlrreporteflOne cureut1rrp rl rlOn tt ttGnu < <
One On of lb the Ibl news DeWI agencie aieDIll figured nalrld out outthat 011 outthat
dealt In Inon the Stock fcx fcxhitngn lzctuAnvu
that 100 10 stock Iob delt Ion on Jx Jxdlllnlf
hitngn dlllnlf < appreciated SOXSOOOOOO 000 In marE mrl marlvuhii t tvulii lvul
vulii vul Ii I 10 MUM l Tte 1o mount IA equal to toli tot49
li 11 t49 > > per Jr rent ceDI on the par parvahuic value 111 The table tRblorprl tablecoufprhcd
romprled orprl ed fifty rails rel und Ind fifty Ut Industrials IndustrialsIhn indllrls indllrlsThfrallll InduetriaThe
The Thfrallll rails showed hOtd an appreciation apprecllllOI of Ule Ulenuiuooor 316nI000or III IIIOIU
nuiuooor OIU or 1 1404 4 OS per pr cent cel an GI compared with withHOOliooooo 11
i HOOliooooo fOIOOIIJ and audll13 173 per cent elt for or the lr hi hiduiarluulu n nduil
duil dil duiarluulu risls rislsDAILY rllllllPAl I IpAILY
PAl pAILY DAILY Tf7K4CrflV Tf7K4CrflVJan TRE4iUiflSTA1tNI1XT TRE4iUiflSTA1tNI1XTWAaItINoTox n TI l r rwA
wA WAaItINoTox IONJanAT Jan J4flp The stAlrrutattif IAImCI nl tb tbreceipts tiireceipts b brrelpl
receipts rrelpl and ant eipeadllures Itlur of theTreasur II1rCAvr > shows showsyttterdav ono showssalerday
yttterdav This Ti month monl FutaHtar FutaHtarIIIUIM Fu tcat t p pReceipt
Receipt IIIUIM 141 IZR2I47 IZR2I47Expenditures 1297mtsi 1297mtsitjpcudtIures
> 11141 arMH1 arMH1J
Expenditures J tlvre t afllllM QJ1C aaO4v OJ i iDefliit a43044I a43044I1eflctt M1t M1tUeldl
Defliit Ueldl tn 677741 111 7 KVOOTO KVOOTOThe So1 Sf tCOi7 tCOi7The 11 11Te
The receipts rdpt from frm ciiktoma cl lm yesterdayV yesterday itre itreVQ49 r
V VQ49 Te o 1 > V train UDt laurnalreveoue tIUraalrefDU inoQCM 10 QX and andmlvxIUnroui jnd jndml5ltlnu mdmtwcllneOUc
mlvxIUnroui ml5ltlnu IH01M ItGa NaUonsI bank netes netesreceived nturcle flttsrceIVC4
received rcle for redemption r Tl 1121lO 1121lOTfl 10H 10HTe t tTbe
Tbe Te rash cIItmbt ataltmrht of OUh Ui th6 United pnlld States ta I Treas Treasurer rr rrur rreasurrr
urer ur r for or January Jaury 4 shows showsRKSIKYB showsazJtYE 0
RKSIKYB FVNP FVNPCold FND FF50Colt
IDalw
Cold Gol cola riD sod od bullion bulin bullionTROST SlMbootoo SlMbootooTRCST 11
TRCST Tr ruxD ruxDTo n rdi rdiTo D I ITo
To redeem rrdem oulsttndtngccrUttcaws4l3 oUlalUdlnr outslandtni certifleates rUJcats13M1a I464S6l I464S6lOKNEJIAL V VOKKIRiL
OKKIRiL a rOMl YUND1oIcote 2 I IGold
1oIcote > 1 Z4zfO Z4zfOGoki 4 4Gol
Gold 011 Gol certificates tullc crrUricItSttvCt c VM77 VM77sfllver
sfllver Ivet dollars dollarsSilver donar dollarsSllrercrrUllcks Z < 31
Silver SUe SllrercrrUllcks certificates tulleln 1J8W7H 1J8W7HUnited 1t111 13666711United
United States notes Dot stugtt stugttNational atlD 6163930Natlonil
1ti
Unit
National bank nofs II1a IMtaiB IMtaiBTotal 111113111To 1379319Total
Total To i iDeduct It1n It1nDr4uct iiI207122Deduct
Deduct current liabilities liabilitiesWorking liabIlitiesWorkior II1II1 II1II1Worklnlr
Working balance In I Treasury TreasuryIn WMWfllT WMWfllTIn sg4 Z1 Z1I
In natlooal banks benksSilver 3179 3179bllver 31allfr
Silver I rrll bullion subsidiary di iY sHirt Sii rind nnd nndminor cmlrnlnarcoln
minor rnlnarcoln rnlnarcolnAwaitlor coin 1 1edh
t tAwaiting
Awaiting fr reimbursement reimbursementCuts rmb r m i
Cuts balance balanceTIin balancea < e A3t 83L3874 83L3874TUft 1I7 1I7TUE
TUft NE > ETrAMBTEHDAK NAT1O1IAIBANK NAT1O1IAIBANKOF NA NATIONAL TIONA BANK
01 NEW il EW YORK YORKNotln YORKor YORglcotie
Notln I Is herrliv tlf t tIn 1J1 thud uR pursuant 1 1It to It ItSoutbrn an anorder n norder
order or of the f United States Circuit Court for the tbeSouthern theSoulbern
Southern District net of o r re 2ew > ew York rll the undenlcae understg3wilt > c cwill
will 11 MIL II on January 10 1810 ti to oclock A M MIn CJrrlI Uto
In the rrouort floor room at 41 4 KxcrMnger plire plirenarouih P13feBoroUgh at atrtllhl
BoroUgh JrrlI of Muaallan r I New York Vor t city all the thnrtzht theright
right title and Interest ot the th said Dank end d of ofthe 01Iht ofthe
the undersigned in and to certain assets oot of said saidBank saidDank aldDIInll
Bank aj In said order and the petition accom accompanying almpal1yll1r scompanyln ¬
panying th the same am a more fully described at ata ata ata
a sum not flO less than 1210OUO 1210OUOAny 2IO14Any IOCIO1I
Any tnMndlnr I bidder must at or before tbe tbelime ha hatIme
lime 1I ot rl such c aan deposit I wtin Iru Ibe th nadcrslgned nadcrslgned2IOO uadersIiedi23O3
2IOO 000 In cast < > or a certified check for that thatamount thatam300t ba bar
amount payable a tn New York which hIch If hs b bid bidbe bidIx
Ur1 Ur1b r rureft
II lpie nW 7
be arcepti > r will b be applied on account of the thepurctlaw then1rtt2ue
purctlaw ureft price rtee the tll balapce thereof 1b reo must bepald bepaldwithin boolaJdwllhln bepaldwithin
within ten dijrs thereafter thereafterA
A Hit of the Ih assets 11 to b be sold and 110111111 all oistr la laformation 111formation IiformatIon
formation will ift be furnlihed upon Apoltcatloa ApoltcatloaDated a0011Ca41041Dated paJlcIIOttDI
Dated DI d > ew WIIvbe w York ork CD U1y4 December 29th tti taoa taoaJOIfN itcaJOhN I
JOhN b Wt W McKINNON McKINNONAcrnt NrK McKf0NAent O OAat
Acrnt for Sharr I1IrtldAII4 Shareheldame mld iM of ofTb orThe f fTb i
Tb The New Amsterdam lIIdlnIHank lIIdlnIHankI Vitlonal HankotNw Hank Hankol
ol otNw Xftr York TerbBROAD
I 2 BROAD ST ITo NKW Ni f W YOliK I k CITY CITYNOTICE Jl JltOTICE ITYI
I NOTICE 11CS TO HOLDERS HOLDERScf 1I0LDJnJNtAGArA
NtAGArA ZOCKrORT 1l0KiJRT cf cfZOCKrORT CfZiIIAGAflA a ONTARIO ONTARIO3iQrf CNr ONTARIOF616E11 JiIO JiIOGWEH
GWEH 4fHrA 4eSIrANT 4eSIrANT7irt T TFlrt
Flrt 3iQrf HorJraa fAj0 5 0 ar r Geld 111 111T IImdarew
fAj0New New YorkDecember York fleceunber t7 I 7 7Ttt IIee IIeeThe W WThe
tf
The T Standard Trust sr Company g of New York ork as asTrustee a aTrustee
Trustee vnder nd t Supelcm Ju Surptcmental mn nul Mortgage MorlJaJeandJ M0ftgIfeafldDNof and JJred 3 I Iof I IOf
of Tl Ttu Truet > of rebroalir 11111111 2 leooKeciirlnr GOII Qciudrur Inlll trieTsun trieTsuno ha Iv Ivo lsueot
Of o ot tlve Mlltttn Defiant 0 AD 1ooot01 M WHtoi vMrst Inl Xlort Xlortgat ilortgae30Yeat
gat gae30Yeat < oiO Year al Hold oiut Bonds flondsof of tb tbsNttara Nlftgvra Uxk Uxkport ok okpott k kpart
port A Ontario Power Company hereby Invites Invitesproposals Ihvltl lflvttrspreposa
proposals for te t sale of aa e many bonds bond of the tneMIJII I I5tlI
fisus MIJII sbov boWdeacrld xl serlbed as a nuhe t he purchased for forlbe the Ihesun theSaM
sun aJ ol tSAWnow In the II Klnkrog Fund tinder underMlcjVJ tinderIc tinderaIdI1srs I
MlcjVJ Jmt1clft Ic rl sr aaddeedof JtId ad dnd of trill 6eal B1I1e 8eak1sail 1 a prepo prepoMis pfOtlO11I1
sail 11I1 will 111 be reciSved 1a < at 1 Uw of8 oroe of thl this Company CompanyNo
No Jt Bro rOAd < l Mtreet New T ork rk City en IP J to tood0ck 10 10ortoek Ie Ieolod
ortoek f M Satnday BaIIJdJtllluu Jnusiy 13 1 1010 10 when whenthe whmthe whenthe
the semI me win tie b opened and IId bonds ottnft at the thelowest Citeowct
10 lowest prloa pr cot axrerdlag 129 nod ae atvtd atvtdlnWt1 rued ruedIDlfteO
Su IDlfteO tott lottUlea1cre1111MrY tethitten txtcntcrcrw txtcnt crcfwanr J w 14fIZI4U Lfoau nuauu Aid tatabe uteSttIIfWJIeP t < J
590 ttIIfWJIeP LU be belCClPrd acmnmt In IntJ IM order orlcThtp > JuYlrG l > tJ3r Otal OtalJtCdNJ1 SPO5iAeta po sU sU4rraULrM8
eta reclfrJi > 4rraULrM8 1ltibQs nb Qt aweijUd Clrcpk4 w W1II r bo De4I4 De4I466r aUd llU4fOr aUdtttHravi
W fOr JtCdNJ1 tttHravi 1 i lirillilneJ wilfi w ffi Uileiett tccrtten ttcrt1cd SIS Clled to Jan JIIurryl
urryl I
nun n r W i CIIJ r
1
1 1 > o t r jJ1i i ii
I
I 2300000 2300000JROQUOIS 2300OQJ 2300000IROQUOIS
J IROQUOIS IRON COMPANY COMPANYCHICAGO COMP AN A ACHICAGO <
CHICAGO IU IUFIRST 1lJFI l14 l14FHST
FIRST FI T MORTGAGE 5 PER CENT GOLD v vD BONDS BONDSi BONpSDatd BONDSDatdDcernber31
i
Datd DatdDcernber31 D t d December 1 1909 Duo rially riall December DecembaT 1 It 912 te 1929 1929Interest 1929Interest 929J
J 0 0Intru
Interest payable Jun 1 and December 1 ia i Chicago and nd Bo B stin stinCaIab1e too tooCallable t D DCalfable
Callable a as a whole or in part onany on I any interest intereitdateat date at 105 1 O and a d interest interestCoupon interestt
1 t Coupon or r rcrttered jiiter d fnte fntercbmg nterdifcngeabU nceabl abl bonds bondsv
i v Denominatiojis D Coupon 500 and Dd 1000 Registered Reaitt red 1000 5000 nr 10000 10000TRUSTKEILLINOIS 10000Tftn1o 10000TRsTIELlNOI
TRUSTKEILLINOIS Tftn1o LLlNola TRUST a SAVINGS SAVIN BANK CHICA8O CHICA8OPresentissue CHICAtilOP CHICASOPresent
Presentissue P Present esent Issue 82300000ftcierved 82300000 23OUOOOntirvcd 23OOOtfrved
ftcierved for future additions and extensions at 60 of cost coutrfsreof costIfeor cottthteof
trfsreof but only if net earnings for 12 months mont s preceding precedingare
are areZ 2 23s > < J times imesall all first mortgage inteitu i fertst charges 700000 700000Total 7099 f fI fITotal
I
Total uthorized authotzedihe 83000000 83000000Ihe 83000OQftrhe
Ihe Iroquois Iron Company organized org ized in 1899 under the lawsof laws of Illinois manufac manufacturesand rnanpfacturesan4 c ctUJesan
turesand tUJesan 1 sells pig iron iron Its furnaces are on land owned by the Company onthe on th Calumet CalumetRive Ca1umtI lumtt lumttt
t Rive in South S uth Chicago The 2Qacre 29acrc tract on whichnew furnaces will willbe be bebmlt built uiIt is 15 s directly directlyopposite dir dirtIyopposite tly tlyopp
opposite opp site the th plants of the Illinois Steel Company omp ny and affords an n ideal locaUonFrom location locationFrom locationft
ft From a letter of the President of f the Company which will be sent upon request req est and to1 to1which to towhich
which we refer for or details we summarize as follows followsi I
1 Fir First t Mortgage on property appraised by independent experts at at7i321128
7321128 or more than three times this issue tuueI f <
I
2 Capital pftJ stock 3000000 fully paid or subscribed a for at t par
3 Annual net earnings last five years averaged 26 times interest on onthese onthese ont onthese
these bonds Company has operated profitably through several severalbusiness aeveralI severalbusiness
I business depressions depressionsx
x 4 With the proceeds of these bonds the capacity cap city of plant and earning earningpower I Ipoer Ipower
power will be more than doubled
5 Management Ma agement is controlled by the Rogers Brown Co interests interestswho interesbwho interestwho
who are probably the largest dealers in pig pg iron in the world w rld and andthe aDdthe and andthe
the largest owners and controllers of independent furnaces e in the theUnited theUnited v
United States StatesWe StatelWe StatesWe
We offer the unsold maturities subject aubjectto to sale at Prices to yield 5j 5 54 j per cent centLee centLee CentLee
Lee Higginson Co s Illinois IlfinoisTrust Trust Savings Bank BankNew
New N York Y r1 Boston Chicago Chicago
I II
r j
I
I 1219000 1219000lt 1219000T1i N NThe
T1i The Th lt Denver enyer City Tramway T rarnway Co CoFirst CoL CoFirst CoFirst
L
First and nd Refunding Sinking Sin itig Fund Mortgage Mortgagei
r I i 25Year 25 Year 5 Gold Bonds Bondsi BondsDated i
Dated November lit 1908 Due November lit 1933 1933t 1933jnltrt 1933Interetl
Jnltrrnt jnltrt t 1 j pwabIe ablt Man lit li and am am Yorembcr 1 let AutAorixed 2000000 25000 250001rno 00 outstanding tfXWTOOO tfXWTOOOPresent 3O67OOOr oe7000Pr
r Present Pr nt iMtie to tort retire re an equal amount of Prior Liens Of the balance til SI18G4500 11 M4EOO are reeerrexl re to retire retireall ail Other other bonds of ofthe 01heljYtem ofthe
the heljYtem system and flOOS8WO 1I00 8OO for additions and permanent perm neut Improvements t at t 85 of cost costWe COIItWe coetWe
i
We summarize as follows a letter from William Q EvanBTisq < T8IU Eeq President Pr ident of The Denver City Tramway Company Companycopies CompanyCOpC8 Companycoplei
copies of which letter may Ola bo b obtained on application applicationCompany appllclltioCompa applicationCompany
Company y Incorporated in 1899 and operates the entire itrevt railway antem tem of Dnrer nnr
Colorado consiiting of 223 miles of tract tractPopulation trllckIopnlatlon trackPopulation
Population served 200000 200000Secureil 200000Secureil S SSecured
Secureil by Direct Mortgage on 197 miles of track within the city cUyUmlb cUyUmlbFranchIses limit limitFranchises limitsFranchl5es
Franchises vfithout ithout time limit which were in 1907held by the United State St te Circuit Court Ooudto to
bo valid at Mat until uuUl1935 1935 two yeus beyond the life of these bond bondCumulative bondLCuDibl bondsCuniblatlve
Cumulative CuDibl tlve Sinking Fund of one per cent 1J5 1 of oBhe the par parvalue Value value of the bond outstanding
beginning November lit 1914 and payable annually to and including November 1st 1923 19 3
I and andtbereater thereafter at attbe the rate of two per cent 2fS 2 > per annum annumBonds annum annumBonds annumBonds f
Bonds Reserved to retire all other bonds of tbe
Byatem and in addition over 10000000 re reserved reserved reserved ¬
served to be issued at 85 of the cash cash5ost 901t oit of extensions and permanent improvement improvementFollowed improTementaFolowed ImprovementsFoIIowed
Followed by Y6000OOO 8000000 capital cnpltBlstoekpying Block atockpsying paying 8 < per perannum annum and having ha fnlt a present market marketvalue marketvalue marketcatue
value of ofbout about 810000000 810000000Earnings ioooooooEarnings M MEarnings
Earnings For the year ended December Sltt 1909 December partly estimated net et earnings earningswere earningswere16906t6 esrnlngI
I were were16906t6 i1690616 and ud total charges 1906 390545 leaving a surplus of 700OOL 1700001Price 700OOLPrice 70000Lc
c
S SPrice
1
Price 96J6 9 and Interest Yield 55496 55496CLARK S4 5 5F 5CLARK ¼ I IOLIRK
F
CLARK DODGE ft GO INTERNATIONAL TRUST CO E W CLARK ft GO GOSlWALU 005IWALL
SlWALU 6aWALL STREET J DENVER 821 CHESTNUT St StNBWVORK stNBWORK stNEWORK
NBWVORK COLORADO H PHILADELPHIA PHILADELPHIAt HIICBIJ > HI p pl PA PAv
t v
The T e Mortgage MortgageJond ond Company Companyof ompany ompanyof
of New York Yorkt
59 Liberty Street New York YorkSTATEMENT
t 1 1STATEMENT
I
J
STATEMENT JSTATEMENT OF CONDITION JANUARY 1 1910 1910AErS 1 1ASSEfS I
1 ASSETS I LIABILITIES LIABILITIESMortgages LIABILITIESCapital i
Mortgages 543327140 i Capital I I 2 2OBOfl8JBJ 2OBOfl8JBJM n un uniU
iU 0 S aridother and other Bonds 2128400 2128400Interest 2 M 4 fl 2140D n A n n Surplus 40818900 40818900Undivided 48111101I 4OLILOOInterest
Interest I tere5t Receivable 9735046 9735046Discount Undivided Profits 7804383 7804383MoitgigoBonds 7O43J3Discount i iI
I Discount Account 15304250 MoitgigoBonds MOltgJge non s 260870888 260870888Mortgage 2DI7011Iash
ash 11338387 113 8387 I Mortgage MortgageCcrtificaies Certificates Cc ttficles 69270088 69270088Interest 6921agSl 6921agStinterest 52710
Interest Payable Pay able 3888848 3111141I 3UI4S51a33223
1
5818332231 513 2231 I I J581B33223 J581B33223OFFICERS 58133223 58133223OFFICERS 561833223I
I OFFICERS OFFICERSRICHARD OFFICERSRICHARD OFFICERSC OFFICERSRICHARD
C RICHARD M HURD President PresidenttDWIMW Pr4laeEDWIN PresidntEDWINWCOGGESIIALL
EDWIN EDWINWCOGGESIIALL COOGtSHML v MORTON C COGGESHALL Ircasurer TrusurerJULIAN TreuurerJIJLIA1 IrcasurerJULIAN
JULIAN D FAIRCHILD pJl Vie ce j e CECIL c EVERS Secretary SecretaryGEORGE
16 GEORGE A HWRD x xmsuunlsGURDON P msuunlsGURDON resldcnuGURDONMMAYNAROmlSecrrtary resldcnuGURDONMMAYNAROmlSecrrtaryi rest enis t GORDON MMAYNARD M Asst Secretary SecretaryINVESTORS SecretaryC
i
j C INVESTORS RKAD BlJ8NFs8 atethr atethrill8trtJcurnlj Orr rvuBTV RTtvrriKS RTtvrriKStttWaUSfrtiUourna rUM rUM11iWU
tttWaUSfrtiUourna 11iWU ill8trtJcurnlj ill8trtJcurnljA StrlltdournaR I I OfrYJO d f 1 ti lol eIIlUd
> o 0111 L Weddelburn CapltaCat Brookland D C CI CoJ Coc
J I
1 A l liI c io
Just Out OutA Outo OutMOoiiNUA
MOoiiNUA o SERVIC SERVICDecer j A ADecemI
DecemI EIU8 EIU8A
A valuable III able aid aidta al4dl aidto
ta Bankers Hrokers HrokersCorporations HVVHVrV HVVHVrVCorporations Hrkrnrpratton
Corporations aad aadladtvidial aadlad adladIidsat
ladtvidial lad dl md sal al Investors InvestorsHVVHVrV Inres Inetrclll InvestorCmpiet < rs rsLptoUate
clll Cmpiet CmpietVptDs lt ltUpteDUa
LptoUate LptoUateFull UpteDUaFull VptDsFull
Full Russia 1200 12009E 12008EliD 1200SEND
9E SEND D FOR FORCIRCVLAR CIRCULAR B BMoody DMood I IMoot
Moody Mood Manual Company CeDl CemaayS > ay ayo
o 33 3 33flroadwa nroadwaj waJ New T York TrkUion YorkLJxion rk rkUnion
Union Trust Company of New Yerk YerkN 8rk
0 DROAD DROADYork UROAOWAi UROAOWAiew
N ew w York January a lIfe 1910In UloIn lIfeIn
In accordance with lib the terms of fee brTr e TrVNFS NPt
SRKCOALinoKANDnMLnOAOCXllpANVs SYr COAL lOON lIIn RrLROAn COllrANS
nCMRAL OOLD BOND nONosMOIUGA01 noNnMoIrrcAoE MOICTGAOE to thl this blsrTrr
Company rTrr as atr Trustee d1t joated July 1 1 OI the sum
of fortyalt thousand three ee hundred 1Ur and Jbi rtthty
dollars K8VOI 118 01 has b been paid to this tbl Company
to lobe h he Invested In vh the j J urchas4 > of bonds Of sad
Issue for the Ih Sinking Stnkt Fund and potle la t berebr lIrebII
II g1n hat sealed propoMl pro1QlWl1ll10r for th II the sate of said
bo bottz to UM amounl I that trts abovenamed sum sumat stunswtfl
wtfl 1 IUnJt tmychoe will 1II he r rretved t vtd ci the I am of 0 lI the e
UNION TRUST Co C0MPAN rAN OF JlPW OkK NO Noway
10 UNe1N way av sod If Oprrl opened at t noon January IB IBwhen
lit when w ell the lowest ofler will 11 b he accepted pro providing provldlal providln ¬
viding vidln It doei d not exc exceed < rd Twr sad accrues Inter interSt al alnt
nt St together wl wII < h Irer per cent ctnot oTihe M par pa valet In Inaodltion InadditIon
additIon thereto theretoI7MO rtaret1mUnRt1ST ThereavNIord
I7MO t1mUnRt1ST vNIord W TBVST CO o tcr ln TRK
11 l lihi
ihi F4 t4h 1IL V i 4
e
Executor Ex outor c T TCbartert11822 wMe wMel
Chartered Cbartert11822 1822 1822The l 1U 1US 1UThO tj U J 11
S 1 f
The Farmers1 tr Loan and Trust Company CompanyNos
Nos 16 1618 18 20 22 William Street StreetBranch StreeBranoh StreetBranch
jfJ i4ifl i4iflNew n nNew
Branch Office 475 47 Fifth Avenue AvenueNew
f ftoXDO
v 1 8in 8inLOV009 tll
New York YorktONDO
LOV009 18 181 1 Eialoptgaia DPpts 8f t Within PARIS P AJtIIu 41 Bonlerard 1cm1nardave1m ESWBMM ESWBMMTraveleri1 flaniiTiveIer
Traveleri1 TiveIer ave1m lottera o of Credit Foreign Forei ExiAan Ei Eiohange Eiohangea EiohangeAdmthistrtor a n e eAdministrator t tAdm
Administrator Adm n1Rtrator Qnardian QnardianTo i iiJfli
i H iJfli t1 r UiA1
To U the thHolders > Holder H lden of eertiflcabw o oU of depoalt depoaltJuad dpoaLtbsud
U Juad a d cuuUr u4 r tli the deposit jre reement reementlated remsnt4ated Bi nt ntdated
dated December Dc ber 14 1905 and andrepresenting aadrpreaentJ sadrprsenting
representing collateral trust 4J 4oS 4 per percent perC41nL percent
cent gold note of the Ciecicsati CiecicsatiHamilton Ciaci CiaciHamilt CiadmnIHaxnflt =
Hamilton in n A Dayton Railway Railwa Com ComTAKE ComPlt Corn2 Corn2pal
pal PltTAU palTAKZ
TAKE NOTICE that tb that Commute Cc con oonetttuted con8tltultd constitutd
etttuted by te aforetrntlonrd arorlJ ntlontd deposit dtpoaitacrt depoaltaCTHrneDt depositagreement
acrt agreement m nt tn boa approved and adopted adoptedcertk a acertain acert4n
certain plan 10 aod andacre andagreme arrcement mmt t dated Decem Decemb Decembn Decembar
b bn r I 11K i 193P for the readjustment ru lmeDt of th thCincinnati the theCincinnati theCincinnati
Cincinnati navnllton n lJlW D A Dayton Railway RailwayCompaoy R4D UaflwsyCompany ay ayCompan
Company and that a copy < py at t said Id plan planand pianand planand
and aTtemcct haS been C er fled d with th thCentral the tbeADt theCentral
ADt Central Trust Company > of f New York a adepoalUry as asdepoaJary iedepositary
depositary ood undtr r the aforesaid deposit dtposltagreement depoltIAneement depositagreement
agreement dated December 14 ta 1003 As Asprorided Allpro1ded AsprovIded
provIded in said deposit agreement N 1DeDt anjr anjrreclatervd anrncl8tenod auwreglatexed
reclatervd bolder Of a certificate of deposit depositmar depositmay depoiltmaj
mar within thirty thl y days from the date of ofthis ofthta ofthis
this notice Dotlceme file with Central CentralTruet Trust Company Companyof
of Hew ev York aa depositary under said saiddeposit Middeposit saiddeposit
deposit agreement notice In writing that thatuch tbatlueh thatsuch
such holder dissents from saId plan and andagreement andemeDt andagreement
agreement emeDt Unless within said periods periodsbolder periodhold periodsholders
bolder hold of ouUtandlnr outatan lnlf certificates a of d dt de deboalt debout
bout t > oslt reprMentlnc fifty per cent In face faceamount fateamol1Dt faceamount
amount of the deposited collateral trust trustnotes trultlot tnistnote
notes tlot shall ao Me In writing with Central CentralTrust CentralTrust CentralFruit
Trust Company of New NflwYork ew York aa depositary depositarynotice dlpoltarynDtice depositarynotice
notice of dissent as aforesaid atote ald from rom the thaplan th thIan thep1an
plan Ian and agreement BO approved and andidopted andadopted andadopted
adopted by th Ute e Committee and ari referred referredto
to In this DOtloe lI Uce such plan and agreement agreementshall alrrttmeuthaJJ agreementihail
shall be b binding on all holders of certifi certificates certlcates certlicates ¬
cates of depoelt all of whom shall be con conclualTely condualnly conclusively
clualTely and nd finally deemed d emed for all pur purposea purposes ur urOeII
poses to have assented to said plan and andagreement andacrecment andagreement
agreement and the terms thereof and fho fhoCommittee thoCommlttell he heCommittee
Committee shall thereupon the upoD be authorized authorizedto
to do inch acts and take such croceedlneii
I aa provided In the aald deponlt depo lt agreement agreementdated agreementdated
dated datedDeOtmber December 14 190S 190SDated 1005Uted 1006lsicd
I
Dated December 27 1009 1009J 190LJ <
J If 1 WALLACE WALLACEHAHRT WALLACEII WALLACEI1ARftT
HAHRT II BRONNER BRONNERK
K 8 BSI1TUEJIS BSI1TUEJISHENRY I SMITIZERSHENRY UTHERSHENRY
HENRY 8 REDMOND REDMONDJ
J U McCLEUENT McCLEUENTCommutes McCLElIENTCommltlte McCLEMENTCommittee
Commutes CommutesV
F L f BABCOCK Secretary
14 4 WaH WanStrPGI Street New Na York City CityJOLJNE CII CIIJOLlNE CityJOLINE
JOLJNE LARKIN A RATH RATHbONE RATHbONECaullllel BONE BONECounsel BONECauneel
Counsel CounselTOTHE CaullllelToIHE CauneelTOTRE
TOTHE HOLDERS HOLDERSNational Of OfNational OFNational
National Starch Oos Gosrmc
ruE PER CENT DEBENTCRE BONDS BONDSAND nOl101IAD UONDSAND
AND ANDNAniHJU ADNAnMAL ANDNAflSMM
NAniHJU STARCH MANNFACTIRIN6 MANNFACTIRIN6COMPANYS MAKMFACTUINCOMPANYS AKUICTIINGCOMPANYS
COMPANYS COMPANYSSIX
SIX PER CENT MORTGAGE I1OXDS I1OXDSThe SONDSThe
I
The undersigned underaignedcommittee Commttten ommIU for forof holdpr holdpror bolderaof
of the above described Debenture Bond Bondharlnv DODdlihYlnrr Bondshavlnq
harlnv completed their Investigation Infetl atlon of ofthe ofthe
the arTalra of the NATIONAL L MTARCU MTARCUCOMPANY KTARCUCOMPANY STARCUt20M1ANY I
COMPANY and andhavlnar having consented at th threquest thffQuea thtt thttrequest
request or the he holders of a number of the thea theabove
a above bo re described deecrlbedNortgsge Mortgage Bonds to also alsoact aleort alsoact I
act rt as a Committee for or the holders of nucti nuctiMortgage lIuehMorteale uchMortgage
Mortgage Bonds requent In order that thatunited thRtuulted thatunited
united action may be taken to protect the theInterests I thetnterets I IInlerestll
Interests of the holders of said Debenture DebentureBonds l 1ebentureronda ebenl > ur urBondI
Bonds and Mortgage Bond that the thfllJoldrll thfllJoldrllthfltlOf holder holderthereof holdersthereof
thereof deposit their Bonds with MKhHIUI MItMIISMPIIYER MKhHIUISrKVKR 1 ltS ltSNPgYR
SrKVKR A fO tO3IIANY OIA > II > ANY No S04 24 4 Pin PlnuStreet Pin8lreet PineStreet
Street Ne KeYork Now York Clt iCy under an agreonienl agreonienlof
of deposit dated December 2nd liioo on onfile ouftle 00Ale
file with said depositary from whom coplrs coplrsmar copl coplmaybE voplemay
mar maybE be obtained after December UeCt > mbPr 24th IMH IMHupon 1001Upon 1OtiUpon
upon deposit of Debenture Dpblontu bonds on or orbefore orbelore orbefore
before January VI loto bearing the ch Inter IntrrMt 11I11rNil Interset
Mt coupons which hlch t lch mature January lat 1010 1010the IDIOabe 4040the
the undersigned l will III buy such coupons for forcash forcash
cash at a par subject bJtct however to reim reimbursement rtlmhllrsement reimburaemnt ¬
bursement If I the Ih Bonds are withdrawn withdrawnUpon withdrawnUpon withdrawnUpon I
Upon deposit of the Mortgage Bonds on or orbefore orberore orbefore
before January 3d 3dIIIIOL 1010 bearing the i lut lutdue > a aut autdue t tdue
due Interest coupons which matured No 4November November Novpmber ¬
vember let 1009 the th undersigned will buy buysuch buyIlcb buysuch
such IntefcBt Inte st coupons for cash at par sub subject amblect subject ¬
ject to reimbursement If such Mortgage MortgageBonds MOMllallf1Bondll MortgageBonds
Bonds are withdrawn withdrawnUpon withdrawnU withdrawnUpon
Upon U on deposit of the Debenture Honda or orMortgage 011tIortC4fe orMortgage
Mortgage Bonds Meur Speyer A Com Company om ompny ampany ¬
pany will wllllMuetLlr l Iaeue ue their certificated of deposit depositIn
In exchange xehan therefor ttuercforlated i iDated
Dated 1 1 December 22nd l2ndID09 l2ndID09J 1BO9 1009J I IJ I
J 1 U hUHUXS h10ILNSS IOOIS i I
> IOYAIOUTON IOYAIOUTONA flY flYA JUH1OO i
A IltCKSltKK IltCKSltKKhll UICKKCIlJoItJoIJWIS S SEIVIN
hll JoIJWIS MN8MAKH1ON MN8MAKH1ONUommlttef 8 ltAlnf1ON ltAlnf1ONVOlllllllttt IttAHH1ONYoininittec
Uommlttef UommlttefA
A V IIEKIY IIEKIYNo In IIE1lYSiqret IY IYMMrlar I
MMrlar MMrlarNo aty atyNo
No 22 WiIIlll illian l re t New York City CII T TRKIFKRRING lnpwrrRnING i iHPrERItINfl
RKIFKRRING TO TOE FOREGOING NO NOTICK IOUTICE NOTICK
TICK WE Tf K ARE NOW > OW PKRPAMEII TO KK KKCTlVK ItErn1 ICEtrri
CTlVK trri rn1 DEPOSITS OP TUB HONDa AMI AMIOBUENTVREfl A1tDICUEVDFH ANIDEHENTUflES
OBUENTVREfl MENTIONED D THEREIN THEREINAND TIIEIIEINANt i iAND
AND TO IHSIIE oril CERTIFICATES OF OFDKPO1IT utURFOIIT OFlEIOMIT
DKPO1IT TIIEREFOR TIIEREFORSPEYER TUEttEFOIlSPEYER TIIEREFOI1SPEYER
SPEYER CO
2420 PINE PINENEW rtlEyr STIiEETNEW rtlEyrNEW
NEW TORK I DEC > EC 77 lOaD 1OOHCOMMITTEE lOaDj lOaDTIlt 1909r1fl
j
TIlt r1fl COMMITTEE NOW NOCONTROI CONTROLS A AMAJORITY AIIAJORITT AMAJORITY
MAJORITY OF BOTH CLASSES OF noNDS noNDSniTT nOND1IDtJT flONDSIIUT
niTT VPON KEQtEST HAS AGREED TO TOEXTEND TOEXTENDTOJA TOEXTENDIOJAN2OTHETIIE
EXTEND EXTENDTOJA EXTENDIOJAN2OTHETIIE TO JAN 3OTIIETIHE IN WHICH INUICUllONDS INWUICIIRIONDS WHICHIIONDS
IIONDS MAY HA MAYBE T I1E DEPOSITED DEPOSITEDA
A V 5 IIEKIY Secretary
NEW YORK Jan B IBID IBIDChicago 110ChicaiO lelOChicago
Chicago Burlington Ie Quincy
Railroad Company
Denver xtenIon Four P Pr r Cent Bonds BondaX
X nn February 1 IOS IOSSBAtED I022rmAt I92SnAtYD
SBAtED rmAt PROPOSALS oddrnaed to the Ib under undtrKlrned under1Ded uiderdread
dread al a Its orDce IM IXvonihlrr Street ffrp Boston BoslnnUaan o BostonMass n nand
Mass and endorred fan on ouulde of envelope envelopeProposal rnvloPlIPropoul envelopPrFDOsais
Proposal In Mil eiI C B A O B R Co > Denver DenverRttenaloo Oenverrrrenoloo Denverrrtensloo
Rttenaloo 1 1 DoM WILL 3K IIECBIVHD IIECBIVHDUNTIL UFCEIIIDUNTIL 11fCllVItDUNTIL
UNTIL NOON ON FRIDAY JANUA11Y II 1 1810 1810tor 1940for IO IOfor
for the In sale ot above al > o named bond to the tn Imeter ImeterTO ru ruADIOnn le leTO
TO AR ADIOnn OTin THE illM I Oif ONK O ON I HUMDIIRD HUMDIIRDANDvTWrNTY IIUNDI4rDAND
TWELVE 4 ANDvTWrNTY AND fiWC TWENTY DOLLARS lL FIVU FR AND AmQU THQUMAND RIOHTVTWO RIOHTVTWOCENTS h IUIITYTWOCENTs pw AND ANDTWELVE iNITWEI11 g gCENTi
CENTS S1IOIZJl3ltOtl ci25Oi23 < J1 012JOTOH Ott ANY ANYlo PART TnrnEOF TnrnEOFID
lo i aeoordaacawlth tn the arreemeat dated Derem Deremr Oecem1m flevemIIroaIA
1m r I iftft I IProDOa1s
ProDOa1s iftftwill will b be oed a ad < 1d aiioeeaoful 111 fIl1 bid bidearr bldadeclaif bidsdeclared
declared < JLuary earr II 1R10 AND INTEREST INTrIU n OK OKACCUPTRD ONIICCCPIpn OffACCEPZID
ACCUPTRD PONDS WILL CliASK cc January 14 14TtieHewEnglantlTrostCompany 13Utn
Utn UtnThe
TtieHewEnglantlTrostCompany The leYfEnglandT ° rust Company Gomp any
TRUSTET TRUSTETnr
nr It n n WJ1JTSPY VJJJT > KY KYBoiton 11lIenl 11lIenlolt liesidentBoston
Boston D Mass Januarf1 1 l9O l9OAmrIa O OAirkjfl OAlr
Airkjfl Alr H Til TisjIbue irtr8H8 Tskgrap T tefra h Ci CiFive C CPln CiFive
Five Per Cent ThreeTear Cold Id Conpon ConponNotes upon caponNotel uponotem
Notes otem matrlng mal rlng rD January I 1O1O 1O1OTht 1010rItf 1910ruee
Tht rItf ruee o Notes oo e payable by their terms on Janu January January Du Dut ¬
ary t 11910 IlI Kio o at i the oflJce of the Treasurer In New NewYork Newr
York i 6rk r or Boston on or at such other agencies In said saidcities lAide1Ur sldettici
cities as the TelephoneCompany II mavdesignate mavdesignatewill
will be paid peIdIn In Host on ft on on presentation at the office officeof ineeo
of o he Old Colour Coto Tnt Company A1pany 17 Coda OodrtStreet CDtIrtSireel CodaSicret
Street or orlit orn IB Ne NIVorlr Yorlc at lUbe 4 the th office of the Man Manhattan ManhsIsu n nba ¬
hattan ba ian Trait Compsnj rj Wall aU filrcct filrcct3o fltreelX fjireet3p
X 3o fadllljkte fadlll la payment holder of r these notes notesmay notrIrilllF notesmay
may > forwardthem to either Trust Company as aslong I IIonl slong
long before bdorJI1uary January tat as a la convenient eonvea enl Tem Temporary temporiry in inpQr ¬
porary pQr ry receipts will wllIbe be clvvn therefor thereforv aheritorILLJAMnnntER
v I WILLIAM WILT4AMfl ILLJAMnnntER B DRIVER Treasurer TreasurerTRATrtAOttDINAnY Trfuurer1T Treasurer1lT7tADlMARY
TRATrtAOttDINAnY 1T opportunity op rluflhtyinien rluflhtyinienwith open n ta those thosewuh tbMeltllarn
with ltllarn large ec t small fund ttjuua dAtIIlnvr1 to InvetL Can Caut Cautalln Uulr Uulrtsltn tWvsasinoer
tsltn sasinoer alln on rfround undJlGon floor5 baal etilctly 5 tettyleg lecHlmata lecHlmatavrof lu m mE mate
vrof IUaa ltoI iMMrtsfi from > 1P 5s Ja oiit Ot oIIltb oIIltblfell e Ub
E Urc lfell aad craattag fTM rea dftlHonalnroou 1ff paaluve elve
fate 4 as 1 a covernm t tragd II WertS wertbIIloIrllll laqitfrlnf laqitfrlnfabout iaqjrtngabout
about Addrtas A CAPITAL ClPlT o box 101 01 Sun eiAce 0
iI iIv
> v IIJtv
REPORT Or crrTKtC crIttcDiTIoiOP TH < 3dWDTIOhf OK ThE THBGUARANTY 11UGUARANTY ThEGUARANTY
GUARANTY TRUST COMPANY COMPANYOF COMP COMPANYOFNEWYORk NY NYOF
OF NEWYOftM NEW NEWYOftMon YORK YORKn 91 91en
on n tae cuirclog Jo tnt of the first day of January January4DO JUluartI 4I0 4I01h41 10 10RESOUB
Bonds Ii 1h41 I Dd and b1 mirtcacts mirtcactsBlock a u4h u4hBtc n l ta RESOUB RESOUBBonds RL30tl1qF IU 4DO IbJ IbJIi U USioek >
Block ana bond Uivetunents UivetunentsHtbllc LnveaunUlIubUe a aPubUc
Htbllc securities book value vajuMM6COM value46tO449I at at1II3I6ClOUQ
MM6COM 46tO449I > maikst la value I IOlhn 536 M50 M50Other 99 99Other
Other securities It1es book value Yabla24Z1Oi02 i iK4ilOox M MI1OOO
K4ilOox > 73 J market value MJ10W MJ10WIoatis UJlo 73 73Loan 1
LoaD nil tills purchased purchasedDue purchaSed016 purchaSed016Lent ol
Due Irom UoD1lrua trust eetnpaa celll c v vlea
lea bank aa4 baektfj VI It N Ns 5 frI l r rural
s s > p ci e tta ttaLeral TA
ural tender cotes and andnoteiotaatlaalbankl andnotesofnationLbn1 nd
noteiotaatlaalbankl ul1leof aUGul a U311tOOO U311tOOO10relCD 11710 3t7t0Ofl 3t7t0OflForeign on r rFortlcn
Foreign tiibacce T l 80Jroo J H HOther I IicAi9iv
138031200M
icAi9iv M 83 83Other Ie IeOther
Other assets vU vUAccrued vi 1 it
Accrued Interest en entered e etered ¬ I I Iturd
tered teredCommlaslons 47ifltt 11m I ICommissions
N lM4 lM4rnntl 1 1rOln
Commissions and ae c 1
rOln rnntl r rereIthle ffllIbl 4V7J 11104 W I ITotal
111041M
M471 1M M MTotal 1 11ot
Total 1ot SOOQA 900434433 900434433Lit13iLIThS M MrIIJILl11tSI
LIAUILITIESf LIAUILITIESfCapital Lit13iLIThSCapital t t tapltAll
Capital itoclt itocltbdtplus c1 Kom0 rno4I rno4ISuCOtus 1 A tl tlSUtIlvs
bdtplus Including lucludlngpromts all jtndlvded jtndlvdedLIAUILITIESf L thdlvsded dh ed edpro1I I Ipro1ts
promts promtsPreferred aGI L6oIIi4 L6oIIi4Preterred 1 74 74v 16Prcterrd
Preferred deposit S S62tiQOfl9 S62tiQOfl9Depoits Mfi900 Mfi900Depotlls > i
Depotlls not preferred tlVi9KtK 4343052333Certi3catee tlVi9KtKCertificates A ACertUlcluof
Certificates of deposit depositnot depositnotpreferrrd t ti
i IlIo not notpreferrrd preferred 131013flS 3eGItIII1I1J U UDue e eJue
J Jue Due VI trust companies I Ibanks
r banks and bankers r rTout 3MtU1t L6430ttTotaI Jdl
Tout denoslts denosltsOth detimitsOther a aI
I Oth OI Other r UabtllUes b vU vUUnpaid vlaUnpaid ° ° °
lt nvJ
Unpaid dividends dividendsCertified rJ SMm t00tt6Ceruflet r rCertlJled
Certified checks checksreserved 18111841 18111841Ierved 167776443Iewrvcd
reserved for taxe taxeAccrued 6CAXXIW 6CAXXIWAcrrurt 00000 00000Accflt4
Accrued Inttrrst Inttrrstieredr Inler cu r rered P PICFTOt
ieredr ered to I 16141604 16141604Tir l4MOUb
1 Tir TirTotaI4 4t 4tI
Tots TotaI4 4 4Arrount v i iAttouni iN UlJ UlJv tJ92S
I v t = Ca Carroval
Arrount ot Investments held at eaccuto UtlllIotltmln UtlllIotltmlnI irttnln irttnlnUtrnvor
Utrnvor I r guardian ircelvcr trustee commlttcf commlttcforasueposiuo commltttvor
orasueposiuo or as depotltary p ofmoncr gf ormonesdepostted rd dcpo UedoQOtxlern UedoQOtxlernttit fi on onflue
flue Ib icon Url lornhlrh I lrwhl < < h the trun cpmpsny iLUlrM iLUlrMbecause ILI ILIbcelluae I IbcekuC6
because the II same are amno not letkl flit 4 iCTSira iCTSiraLinks rrs rrst1nk g gtifllts
Links nor permuted In Inaad arutoxr arutoxrln awt ly111 uuv NsItvOftDtrumentsor uuve
ln ftDtrumentsor > trumtnts e Ior or orV viord or C f aioQ4tp aioQ4tphtalotNsw nltttt M MIal
htalotNsw Ial of Saw yorkVouuitraf ork lIt 1II MO64 MO64AIXANDW1 tt 4 4IE14XDIH
W V IE14XDIH C KDWARns J ItMPHLL iteMPJ1ULes4c2ynaand iteMPJ1ULes4c2ynaandv Treasurer TrealIrrros ol 01 Mo2 et4a4 et4a4Trust < S5tftf S5tftfTrust ff ffTrVIL
Trust Co ol New j orV rlc IcVA ICk tadLtdnVM tadLtdnVMness wl > lldlnn to U n it itW v < si sine atne
ne ness s at No 0 M Nassau Na NaCUtrFSt4B1IblCttf4ttV NaCUtrFSt4B1IblCttf4ttVYork alllrceIUl Mrc ttBilh > Cttf IM IMorl > <
York orl < lt tl i aald nld count being dull aul sApr0te5fOr sApr0te5fOrbtmelf T Tblmielf Iro1 t1rmW t1rmWorl I IhtmIf
blmielf nvxthe Ille fnrrrolng JfMftt1I repdrftIfdIa04i0r 1 t
reel In all I respects recllIO to the boil at a Ma 0 kAou MIIII MIIIIanti ig ignl
anti nl belief ml tbc they 11t further furtherbuuitnest tay yt O ua uabulnu
bu bulnu ln > i ot said Id trust company cOlDpanybAo t tacled l 4ns 4nsacted
acted at the locution requIred b bChip by1b by1bICbl uiIEZaW i iiChep
Chip ICbl lor 01 theConsoUdateaM theConsoUdateaMwber he nSOUlialedja < M j jwbere Sa 4 4where
where and mat the shore aba repOrt teporiprr Ce Ceprescribed 1 Ii 1lte1Df 1lte1Dfprtocrtbe
prr prescribed cribe t < t by b tb tbaSvpa1tlenJut beSupcrtxliri Sufcrtnt nJcnt nJcntl c cIs p II1fI II1fIIs
l Is mad in compliance compllaneewlb with an 9t 9treled III4D11 re retded
reled from him dolmatlnr the thenr I1l inorltitugt1i6 rJtI I IMI IMIftrll I Inrs
nr ftrll l day ot January IV10 as tbc Ibe4i1Yot > J Vot VotW flf 6iich 6iichreport tl1 tl1report
shall be made madeA
report L
ALr A LXANDLIt ASDlm J n 1f30t111LL I IUL j Iraktt Irakttlv rl4l1lt h
W C KDWARDS Treasurer TreasurerSeverally rreeatlrerSeverally k kdeponents
Severally suiwserlncU aod sworn sworndeponcnuine orll p7t6y1sub It ItdePOnmlh6tbo1otJallllllrrHIU
1
deponents dePOnmlh6tbo1otJallllllrrHIU the It thda it day > otJ nu r rSeal ftI ftISeal
Seal of notary 1 JAMEb D
Hl1ESOI DNotary Notary NotaryJtnFORT OI otty 1T P iaitdtt iaitdttHrPORT II IICI
CI CIlItroRT
JtnFORT O 01 TilE CONniTIOY CO OITIOi Of OfESARKlANTEHSTCOMP TtIP TtIPARIl1L
GIARJIAHTIYSfCOMPAJtu ESARKlANTEHSTCOMP ARIl1L TtSTCOMP4X4 TtSTCOMP4X4on rJ rJonthemornlnrof wP wPGIARJIAHTIYSfCOMPAJtu M I
onthemornlnrof 011 the be momlnr or the Oral ttmdiy dU oftarra OUriuart1010loods of OUriuart1010 tadnarf4660RtSOtitCIS rr W WRKbOtIiCKS
RKbOtIiCKS RKbOtIiCKSfloods InCtS >
floods and mortcageaV morlr iiiOlCWOO t320lO0Stock iiiOlCWOOStock t3D t3DSork
Stock and bond Investrntnta viz vizIMbllc vtzJYubltc 1 1l
IMbllc l ble securities lbuo book value K33 K33KSMI 31
KSMI NI market valve valiseOther la v k > A < itfilHMfM itfilHMfMOlder t 4Ib
Older Ib ecurtHn r1n ibooli ibooi0i4 vilut IIIJ It ItOverdraft J iI
1 Ioafls IoaflsOverdrAfts 0i4 tIa t1acktaj0e l1e Ij e JSHY1 JSHY1Overdrlltl
Overdraft OverdraftKeatetiate 11 11lIut 117w 117wheat
Keatetiate KeatetiateDie heat CeCil CeCilDie 00 100 M MDI4
Die from tt I trust rll l corapinlfy corapinlfybtnktr L ban bnIe f1d r PSpecie 1
btnktr t 4 S ft f 1 1Leai r 7 1U 1USpecie
specie i I I ILC O II t1 t1rlll
LC Leai fal tender tnd r note and nnten nites < o oUonnlbunkB or 11 11lIonal aa aaUnnal
UonnlbunkB UonnlbunkBCashltrraH lIonal blink 00008 4O4OSCash 00008Cash
CashltrraH CashltrraHOuer Cash lIm 31 7146e > J JI
Other I HwelR l lturnllurf lz J U ii Se SeEumiture
turnllurf 8nJ1 and U i1Ztnr lItl1rn turr turrrrrued 11 11rruet1 Exit Exitlrertied
rrrued In tDle tntereat irrrk I entered enteredToUil enteredFoLiil iJIIVI1t6 iJIIVI1t6Toul
ToUil narMIAT 389293167lt4l31LlTISt4
11 lt4l31LlTISt4 lt4l31LlTISt4spItaltock UlLITI1oi UlLITI1oiapltalowe
apltalowe spItaltock1turpius v 5JCOOOO1 5JCOOOO1vrlllu M OOOCO OOOCOSurplus
Surplus vrlllu Including all U undivided undividedproOtv vndllddFolll undifdedproAtq
proOtv Folll 4i i 61Mf M
Preferred l deposits d depositsieiiite IO a M714il M714ilDeiwslta 91441I
Deiwslta I VOI IliaC not DO preferred rrrd 37l 37mr 3MTJIItl 3MTJIItll1rtllll 3Utr4613Certifleale r > 13 l3Oertlnvatea v voklt
Oertlnvatea l1rtllll ot depoilt depa oklt I inotpr inotprofcrred ferred < ZltJCSI ZltJCSIDue 213 i B730 B730Anln mOI t tPile
Due I trttt trttttKinUrrh In lOmpllnll Anln banks nb ab4 Mf f < It K KI
tKinUrrh tKinUrrhTotslde bunkrrhTolaIdetoitt I = 1 k 1 50 JI 1qtn 1qtnO Ja S SS4
Totslde TotsldeOther TolaIdetoitt I S4 1111 7T66t j 6MOIr S Sl
alll
Other O liabilities rrJe tl tlfcreuniichr l 17 lertitled l lltrUIIrd J Jv
ltrUIIrd check < k aDd A arcrptenfCs efltAnCf I 1P4594O1 1P4594O12ecretrts OT OTerelA
fcreuniichr erelA 1 cheek < i r 487103 4074 111 03 113IMn I IKrsened s
Krsened for taxes IA 1100 310000A 110000 ML MLArrrtird
Arrrtird A < crued Inlrent IDI4Inlrl1ll entered 370J 370JAc 170AIcllrd 37054 37054lccrutd
Ac AIcllrd cnied Interest not entered enteredToai fIJoo fIJooToal so soTout
Tout + S SState SXSSUtB 1 B BState f fSlale
State of New York orl < County ot Ncvr w York ork as ssROiWir t tKonrnr I IHOIWlrr
Konrnr c C LK LYIS is vice VIereldnl ice president am uxx L
HAINKS 11 111 Secretary retAry ot Guardian TrusJJfefi TrusJJfefipany Tru Trunany l tn
pany ol New ieWork A York ark IqcntedaDd daijDC d1 fcl > J J s la lao at t
So o 17U itroadKa Itroadwsrjo > ia Q tbeCtty of orllfllf ofr000i Ntnif tI laPbb ald aldcount Id Idaunt
count Qernc dulfawora each oachtoduWWsays oachtoduWWsaysthe lor ariOKtn A < uys uystrie
the toreiolnr report K I true U and correct corr t In I ill U re reepectx rrIpre respecie
specie Ipre lo the best of his hl knowledge ana D1 betr betrand b bMIfand r rand
and they Jurlber my y mat IU1r the thesaid mmtfcurlaemfct mmtfcurlaemfctwild tbudnbcf
wild Id mutt Inlllltompu romp eom4aoV n > hair h1 been D trnn Irintcttd < lctfd atHto It att n
Incatlon required by I h lie Hanklni Law La tCfta Chat 3 3of 1of 3of
of the Conkolldatad lAW and Dd JlO not neteiIejsie4 neteiIejsie4that eUewluwe sad
that the above report reporllID Is In the forth preScrTbetfhr pre preScrib rlb rlbIbe r
the Superintendent Surtrln lelldeD of lank and la I made IrrcflSn I II Ipilanre i ipllanre
pllanre with an oBicUl notice received receiveddreigntInC from Bwi b
deslcmtine 1 the moraine of O f the first day ot J JI1 JI1FJIIiIO Jsnilary11920 nn nnt
ary11920 FJIIiIO as Ib ibs Vt IItIbaVCt1 IItIbaVCt1II > he
II flie4e flie4eSt St t TtOlfr nOJr OrIiWci 0 J1 1i Wlr wlMul wlMulI tesld ll llI
I C HA1NK3 A N ti secretary 8ecre af
Severally subscribed and ndorn sworn to by both do doponenls d t tonnl e eponenle
ponenls onnl the 9th Ih clsy tllyol or January K1U before lore res I IV tu
V JQltMIt JII JOltitrUThOLithY IJIK OW hP > KV i iIV IISeal
IV ISI 1 of Notary Notify 01 otsr Public No > 0 1M 463New j i iNew 4
New YcirU Y rk Coyntn C ConltIIEIOICT < YDI YDIIlEIOltT i iItCPORT
ItCPORT OK OH THK CONDITION COOIJTIOOTHE CONDlTl024iLTHE K KTHE
THE FARMERS LO LOAN LOANAND LOANANDB3 N AND ANDTRUST A D
TRUST TRUSTon OMPANr B3 j
TRUSTfiOMPANr s 7 J
011 the moraine at the nrst rin I4ttdiol IotJ < i rof JabllnVr lrXr 1 iia iiaIIESQI7IICES IK IKHESOlltCES III i
HESOlltCES n IIESQI7IICESPonds sotmcESlIonds J
Ponds and mortgages i 4tock iftitlfJr j 1 4tt 4ttStoclc
Stoclc tock and andbOnd bond Investments InvestmentsIubllc vliS vliSPublic 1 1vblic
Public securities book value 1 1MtMIZfiOi 11nol 612m
MtMIZfiOi 12m nol market value valueOlber 1118 HM706 HM706AVOM7 4511 9 O OOtbefcurit1es
Olber 0111 Otbefcurit1es securities book value valUt0 iytr iytr4Txi gn26li 1t
4T 4Txi 74 r market value I ifrt fS > NI 1 1Loan
Loans LoansDeal AVOM7 AVOM7norsKoc G01IIlIal MO MOheal 17Ct <
Deal estate estateDue 3 o0li 44584 44584Due u uDue
Due from tnibt lru companies companiesand ICt ICtnd lWJC03
and nd tankers tankersSpecie bankersSpicle n fI 1M V Vi
Specie 13 f3i36O4l30 f3i36O4l30Legaltender a anUoa1
Lecal Legaltender tender i ittr notes ii i and and D notes irs v ot otnational o onattoasi l
national barks r rOther norsKoc norsKocTotal 210 JI OC OCOther
Other O assets via viaAccrued vizAccrted
Accrued Interest entered entendTotAl
Total < I1W1315MW I1W1315MWMADlLtTlES 1Is131 4 4UJmL
MADlLtTlES MADlLtTlESCapital UJmL UJmLCpltal LItnlLrrlitSCapital
Capital stock stockUndivided alne 1 stoxee stoxeeUndivided oe oeUnd1ded
Undivided profttLk profttLk1rtcrred proflts profltsPreferred t rnt < IL1J oJQU tit titlrercrred
Preferred deposits depositsDeposits > 1 7Deposits 1Ift 1Iftfepolt
rA2X1I rA2X1ICrrtlflcstes
Deposits not no preferred1 preferred1Certlttcates rreltrre t A 01 01Crlllek
Certlttcates of depoitt In tto no ore peeterredi > j J > 3 7ferrldl
ferrrdi If I It194t1d64I It194t1d64IDuo MilWW MilWWM1 i t tDUGlfll
DUGlfll Duo tru lomJAljle > banksiUld bank jud judbsatueta
blll1 bsatueta bsatuetaTotal < eQlo t 1 r 3 17 ff liI liIotallkt
Total otallkt ifost > stU1 t IU470l 1I I
Other liabilities vU vUUnpaid vizUnpaid Iz
Unpaid dividends dividendsCertltled dividendsCertified M1 1 A
llftrJ dd bl An
Certified checks checksAccrued t1 tneia tneiaiccrued tMeru
Accrued Meru d hiKf InKiest InKiestTotal t ffle ffleToUIA rlrnlIHt1 1jI rt1VMo 8 87J
ToUIA ToUIAStaM Total M 155t3I33La 155t3I33LatAt4 3 1 1SIU
StaM tAt4 ot New > cw York orll County l ovnt o or New Yorl m mIDWIN II IIImWIN I IIDVIN 7J
IDWIN SMAItSTON S JItItTO > ITtitdint l1uldtnltIIo1U and nd vU5U3 vU5U3TUS ilJdtJSTIJs VS VSTUS Si SiOther
TUS V 1IHL Secretarx of Offlu Tbo lho Finuff Finuffbusiness FarntoflLoan arm
10 Loan BtictJrust COml Comnyi n esb4 II fld eS dele delebuinese 01 r
business at t No 0 22 WliLltuni 1luXni 1 111 St nan H 41 W Alp 3 At A AIn k
I In th the city Ctt of 0 New orw orwi In said Id eovmrr nrr wmt wmtduly ft4IA ft4IAdv tiIII
I duly dv sworn wor each c for hlrnsetf nye nlhe et44e tte foretoMC foretoMCrtirart rorecatIICorlllr
I rtirart orlllr Is true and correct rrtra In ell II respects tottra tottratxst 1044t6leaL 0 0I
txst I ot his hI knowledge and nd heir oiid 1I 0tt1fhw4uir 0tt1fhw4uirttir Ihssvfnr Ihssvfnrliier b rur I IIr
liier say that the Jut lialtol II l Wtrtri 111I1111 boitit telon M e4Juft e4JuftrOrnpsnr < Ou n ntOIrP t tcOirpjji
cOirpjji hits hit been IransAClcd ivt tnirlbciUMi I I 111 alien ro roquired roo Inqutired H Hred
quired red by the b Oanklnir Law Chap 2 nf the tll < un unaolldated tII tIIIOUdaled 6 6solidated
aolldated Lawn La and not elsewhere and nd thst the thenliove IIIee theP4OC
nliove e report Is I In I the form prescribe Pft5r presrISUPfiatofldefllOf 1 y tM tMSur i
Sur SUPfiatofldefllOf ul > rlnlendento tlnJntle ot Daaki Dan slid 1ad b 15141aft 15141aftam 1144 r 44 AVJnull AVJnullante tw II IIe
ante am e with tltI an n official no nOller notlcpdeUnaUng tier received r I from ro him himdetlcnatlni III IIIdlrIlllUnl
detlcnatlni thn lb mornlnc of lhenr itt rt > t dj oj oJJ Jatu Jatuno Janticry Il IlU >
no U two as a the day of whlciVurhWxnrt whle auth sutillepett dH shall shallbe sbIIbe shaltbe
be made l lSeverally
YojJ M IIMtO IIMtOvJIIlL r denk denkBtereil
Severally ul Ubcrl IihcTcdAnd IihcTcdAnddeponents > cnbcrtanil d vJIIlL vJIIlLIfrII I1I1j w rtrrttuTtf Silb I IdllIrntA
deponents the theJ1ft Uv day dAyolMIry ofJnnucry before bie ma maSeal meleal insI8esi
leal Seal ot NoUrVI EfiWIN EIIWI iPWiN > OIK OIKNotary GIllrI GIllrINOIay ChItfSNotary
Notary Piblo No l tAt New Vori VoriCertlflraic orltl orltlerunlaJ oc Qt3e Qt3eerUfleste
Certlflraic tiled III In New N VoN VoeuCuuatv VoNCuvl11V Yo YoCiuuiuIy
Cuuatv lieilster Oram No N tit titJAUR3 enPEHSIINAL 11 11IERSONU
IERSONU IERSONUw PEHSIINALJA411ST
w j1C w wJAYP9
JAUR3 T K I P ot otDetcbeeterUai otDetcbeeterUaicLue Don lu1b I T Tcale M r rcale
cale at once with 1111 wife He Alice AIIIU II I Isatlafactory nl ne ngstIsfacOry
satlafactory JIDVVARD K it itAdvertlsetneuU UNI ifS
S NI rarnA ERkflAflntitOili7w ERkflAflntitOili7wAdheusetnanta C1tAnqlyOlt 1 1dhrttte1l1allta
Adheusetnanta AdvertlsetneuU for or1Jrw TBX Sthr and t TH D14EVIIWG D14EVIIWGg l1u Rv iiwo iiwoacni I IftI
g ftI me 1 len at 1 ieffiaa plfyttitscale uIiIIIIIa
acni enlU r ol oJlfce O1CO co a tfe i iltf If Ift I
t a
I Ii a i 1 kj I
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