Newspaper Page Text
THE SUN, SUNDAY, MARCH 16, 1913.
TV, DELAWARE CHARTER FOR ALUS-CHALMERS flfoprrnniril Co. Abandons New .lrrpv. Where Old Con cern Ineorporitlod. "How They Solved It!" Scene I PY ltVICK OF ATTORNEYS Mnrl Will Ho Mndo With i'lllO.onn Ciipltnl Stock Will lip Sk!,5(K),000. Dover, DpI . Mnrch 15. The- Allls nnltners Miimif.u'tiirlnK Company, a reiifcanuiation of Hip Allla-Chalmcrs ('.:'n'.iti 11 N;,nv Jpwy corporation. T.n'iili 11,10 ,no h"i-l o' receivers In April. H'l'.'. after defaulting the In-t-reft on its tlret mortgage bonds, tiled nrttflr.' of incorporation to-day at tlie Ftatc Pepartment Tin' ..ipit.il slock l placed at $4--fOO.OOO iln.ilrd into 4:.".,000 shares of the par wmie of MOO each. The com pany will begin business with J100.000, lt. charter ik perpetual. The Incor porators are I'rnncls S. Hangs of Now York and .lames 1'. Winchester and W. J" Mnloney of Wilmington, Del. The armies sot forth that the com pany will manufacture, buy, sell and din. in all kinds of machinery, engines ainl p.ms thereof nnd engage In the mn-mutinn of bridges, ships, boats, rai'.i"' locoinotHes, oars nnd other equipment 'flit i.is-fhnlniers Company was in corporated In New Jersey on May 7, jwi as .1 consolidation of the Edward p A'lH Cimpany. Milwaukee; Frasor & Cht liners. Chicago, Uates Iron Works, Chiciso. and the Dickson Manufacturing Company. Scranton, with a capital stock ef J50.000.00n. equally divided between common and 7 per - cent- cumulative Inferred 6 hares. Tr.ENTo.v. N J., March IB. The Incor poration of the Allls-Chalmers Company In Pelaware Is accepted here as another indication o the purpose of the big corporate Interests to forsake New Jer.-e as a result of the passage of the Seven Stters." tho name given to the ffr'cs of bills enacted at the Instance of resident Wilson to curb trusts. TIk Allls-Chalmers Company of New Jer.e was chartered here twelve years neo null an authorized capital stock of jjftO'Hicmo The outstanding stock Is S3: !" 000. on which the aununl fran chise ti. is K..'4S. This represents the Imme hate los-i of revenue to the State the removal of the company to Dela n J re !! ..re also current bote that all trie it iaut nli. ini companies, including tup. .im-itliiK and copper interests, are )liin.iu to seek charters elsewhere as re rt of the drastic provision of the r. corporation laws in this State The Allls-Chalmers Compan had a h.irtir ct.in;; It powers le bro.nl than m.m corporations of more recent date 1' is said that the plan of reorganiza tion could not be satisfactorily carried on under the restrictions placed upon ori rutlom b the "seven sisters." T directors uf the Allls-Chalmers, 1'nnipain . who decided to get a char t" pilaw are. Include men who are af- ,, -il with some of the largest cor i n now operating under charters ti s-ate Among tho.- named ln th t annual report of the company! sr V,i.:er II Whiteside, president, ' C t," .j Vanderbllt. Charles. Mac V'tzh Klhert II. Gary. lMward D. V.is n- 1 ...trier, AUK William A. Iteail. Jla '"am, Alexander V. Banks. David ar l-'n.. Henry Woodland. Her ma W Ka.k and William II. White-l.-. ' MM Clement, one of the re-er--.t at...n tommlttce of the .MIIs ' a .n- -. Manufacturing Company, said !a-' nsr 'hit the new company had Icon n. Tp.irated under the laws of Dfldif '..n the advice of the attor ns ' .r i! . ..mmlttee and because It fm. I t 1 'e the thing to do." Howard Van Slnderen of the law firm of tj ir.f ii.incs & Van flnderen said thft e hdd not been In touch with AIll- ' .a mors reorganization nnd would noi , n .u the slgtullcnnce of the Incor l"r n .f tin- company In Delaware lnv. 1 .f Ww Jersey other members C'f ' " m rt.'te out of town. T . 11 .:.mt of the company Is In W. ' 11 with other plants In Illinois nnd 1- ir' laiu,i. There are no plants In V t )orsy. Th. n- company will start In active rper,f'..n ..f t'.,. plants of the old com- I'T' 1 .,s the necessary reorganl- M' 1 ' p iiiiiiiinlng can be accom- T'i.s will be very soon, rl "f directors has been prac lf ted, but no announcement i.ihI 1 ready The Ineorpora " ii-w company was In ac- Hi the provisions of the ' i'"ug.inizatlon that has been n 'o f,.r some time. The com- II luue a capital of $16,500,000 I ainl $:'ti.u00,0u0 common, i hae no bonded Indebtedness. 1 1- be.-n raised by assessments 'I -took a total of 15,200,000, 1- ! ied on the common nnd ''! -hares,, $20 a share on the 1 .uid $10 on the common. The 'l 1- "f the original company I ' 'ic par value of their bonds 1 referred stock and 35 per cent. nd holdings In new com- k The old preferred htock leteixul new prefeired to the ' f 1 he $20 assessment on the 1 t- and !u per cent, of their f "f old .stock In the new com T .' old common .stock holders I n. i preferred to tho amount assessment on the old com i"l :i per cent of their holdings "ininon. t'" ff , t "i . ( iri n plan ' n ' par prf '. ! v T1' on ' pr'. 1 ITf. 1 II r, h' I. M. CI h , ni rt .if rr 1 ir. H. M FLAGLER STILL IN BED, ConntiPinriit WtnrlM letho of KH In I'nlni Drneh llnnir. M HEM It, Ha. March 15 The con f H-nry M. l'l.igler, who Injured . a fall at his home here two ' ' i-malns unchansed except that - iwMrlnesn from contlnemeiit to 1 h h lias been continuous. Mr. ' - under the care of Dr. 0en 1 io recently c.iIIhiI Inir, ' 1 lr Newton M. Shaffer, a Joint "' ww ora. 1 " 'tis at Whitehall are met with " mnt that Mr. Klajiler Is improv- li as can In; expected of a 1' h n-r. which Is m. h r I - 1- i . K , .' ,t Living Room in Everyman' Home Time Any Evening Characters Mr. & Mrs. Everyman Mr. Everyman lias finished reading the evening paper which lies upon the floor beside his thair. He is nearing the.nd 0 his after-dinner cigar and his attitude is frankly bored. Mrs. Everyman is doing fancy work. ' Mr.E. (failing to suppress a yawn) "My dear, yon will pardon me for saying it, but our evenings have reached a point where they arc dead slow." Mrs.E. (looking up from her work) "What shall we do? I'll do anything you like. Shall we play cards?" Mr.E. "Thanks, no. Two handed games except cribbagc, are no good and I'm so tired of cribbage that I hate the sight of the board." Mrs.E. "Very well. Shall we go out? Let's go and see George , and May." Mr. E. "No, I don't want to go out. I'm too tired to begin with, and what's more I don't like this idea that if we want entertainment, we've got to go to some one else's home to find it. Can't you play something?" Mrs.E. "I'm awfully sorry, dear, but I'm all out of practice. You know I haven't had time to keep up my music since we were married." Mr.E. "Well, there's one thing sure. I'm glad we bought that piano. It's been a fine investment all right. It cost three hundred and fifty dollars and I guess we've used it twice. and seventy-hve dollars per time, which is going some. Mrs.E. "I wish I could play. I miss our music as much as you do. (pauses and then apparently seized with a new idea, proceeds with animation) I'll tell you what! Why don't we do what the Loudons did exchange our piano for a Pianola Piano. I called on Grace this afternoon and found Alice, her little girl, playing dance-music for a half dozen other children. Grace says "My dear, dead slow One hundred that Will and she use their Pianola Piano constantly. They have a wonderful assortment of music most of it music I never could" play even when I was in constant practice. Grace played a Chopin nocturne for me that was simply ravishing." Mr.E. "That sounds good to me. Why on earth didn't we think of it before? You find out from Grace where Will bought hi . instrument and I'll meet you there tomorrow afternoon. If they don't . i. , Much we'll get one." Scene II Demonstration Salon Aeolian Hall Time The following afternoon Characters Mr. & Mrs. Everyman and Mr. Hoyt, an Aeolian salesman A dozen or more selections have been played upon the Pianola Piano, including such pieces as Kevins' "Pay in Venice:" Rubinstein s" Kammcnoi Ostrcrx;" Chammade's "Scarf Dance;" Victor Herbert's "Hadtnage." etc. Both Mr. and Mrs. Everyman haie tried their skill itlh the instrument and have become enthusiastic converts. Mrs. E. Mr. . Salesman Mr. E.-Satesman Mr. E. Salesman Mr. E.- "Isn't it too splendid? Think of your playing a Liszt rhapsody and playing it well, too, with all the changes of tempo and expression. I think the Metrostyle is the most marvelous ( thing about the instrument. Imagine having Padercwski's own interpretation to guide one as I had when I played that Chopin etude.' (to salesman) ou say this instrument is like the one Mr. Loudon has. I think he said his cost S650." "Yes, I had it looked up. He purchased one of the $650 models. This is a similar instrument." "Have you anything less expensive?" "Yes, I can give you a player-piano, an excellent in strument, for $450. Our cheapest Pianola Piano is $550. 1 Will SIIUW UII UI1C. "No, I won't bother. I think this is what I want that is if the terms of payment are not too steep. I understand I can make payments monthly." "The terms of payment on this instrument arc $35.00 down and $17.50 monthly. On the cheaper instruments the payment runs as low as fifteen dollars down and twelve dollars monthly." "Well, I guess I can stand $17.50 a month all right. How about my old piano? What'll you do about that? I'd like to turn it in as part payment toward this instrument. Do you do that sort of thing?" ' M 'J; ! , iMSm ;-; la "Imagine having Padernvski's own interpretation to guide one if Scene III Same as Scfine I, except that the old piano has gone and a new Pianola Piano has taken its place. Time 11:45 o'clock Saturday evening Characters Mr. & Mrs. Everyman Mrs. E.(to her husband who has' just finished the piece he has been playing) "That must be the last. Tom do you know that it is nearly midnight ?" Mr. E (looking at his watch) "By jove, you're right! A quarter to twelve! I wouldn't hac believed it. I guess we'll have to call it off for the night. Say, that's what I call having a "regular" time! What do vou think of your hubby as a star performer? Pretty good, eh? Didn't I show some class in that last little bit of ragtime?" Mrs.E. "It's all wonderful. It seems almost too good to be true Here are you who don't know the first thing about music and suddenly without a moment's study or an hour's practice, you can play anything and play well, too. It has been gloriousyou have had your 'ragtime and the popular airs you are so fond of, and I have had Chopin Schubert, Mendelssohn, Brahms and all the other great composers whose works I love so well. It is just like a dream." Mr. E. "Well, it may have been a dream, but if it was, it was a bull v one and we're going to have a whole lot more just likeit " Mrs.E. "Yes, dear. That's the nicest part of it. This is only the beginning." Salesman "Yes, we take old instruments in exchange. Of coursf I'll have to see your piano before I can tell you how much wc can allow you for it." Mr. . (rising to go) "That's all right. Here's my address. You can send a man up at any time, but I'd like to arrange so as to have the instrument in the house by Sunday surely." "It seems almost loo eood to be true" Throughout the entire cwihzcd world, scenes similar to the above are being enacted daily. The Pianola iJlHu rePlacn! thc ' Sllcnt Piano" in thousands upon thousands of homes. You mat well ask your self ij there is not here a suggestion for brightening and enlivening your own and your families' home-life. J he only genuine Pianola Player-pianos are the Steinway, Steck, Wheelock, Stay ves ant, Stroud and famous Weber. 1 hey cost from $550 upwards and may be purchased on easy monthly payments. The genuine Pianola Player-piano may be obtained in Manhattan ONL Y at Aeolian Hall THE AEOLIAN COMPANY Aeolian Hall, 29-31-33 W. 42nd St. Opposite Public Library CetyrttM tots, by tkt Arohan Co , V 1', WSS KEEN TALKS ON ALASKA. IflU or u nun Mile Trln nr,. ,k s"r started for the Yukon ftlver and ,nr HawMin nloiiK the trail from the NUIna h."i i nil,. i nr kiiimi i'iimm iiiiii iiiiu ii tin "Uoln ru.r.. Keen M the IhhI of her l,er""us White lllver. Sne for the I 1'cturos on the Alps and laskn I yl-Yiikon lloundary .Survey Comiiils ' '" lf.Hnt,... Tt i.!i . slotii only a few nrosoectors huH lif.ni, am inlle'trin .Li .l .k'?" thla K.ute and Miss Keen was the llrst . " ,,m, urru titer thin touln unrt Mlaa lu. .., ,1 i . ...... avi,, n no K,,i IITBl woman to crnsa th nm win, . Md three pack noma the flrat 126 miles were made on foot in rlKht day IIiioiirIi ii ickIoii tlilek with moil n ti 1 1 1 nlieep, mouse, earllion and KiUzly hear Alter Inn iiilltH tho met ii iirospi'ttor who hail heen travelllni; tirteen ih. with, uiit meetlnK a human IiHiik They finally eanio to the only settle, incut, of the region, 'Canon City,'1 near the 4wad of the White nivcr, nnd there Minn Keen ri'iiiiilneii f,,r mice weeks help. Iim thn nun build a hoat. In the open hunt the set out lor Iiawson, and for the IS" miles all tho wa up the Yukon, a trip of tllllleult iiavlKHtloii. honietlines enverlni? only three miles a ,hi, they did not meet another traveller Miss Keen's lecture was Illustrated with plcturea ahe took on the trip. llotrtrlt tu Talk to Women. The Woman's National Theatre Arso elation will hold a meetlnK at the WhI-tlorf-Astorla next Tuesday at 3 I'. M It Is announeed that Col, Itoosevelt has piomlsed to make a short address. Among tho speakers will ho Mrs. Mlnlne Maddern Hake, Miss KMtti Wakeman and Mary StMkW. ' Moiilaroiner) , Ward lllTldenil, .Montsoniery, Waul & Co. have de clered an Initial dividend of $1 is a li;we on In piefei'it'tl HtueU, which rovers a period of two months and one da, at the late of 7 pel cent, annually, dating from January 31 hint. The disbursement Is payable April and tho books close March 10, Mopenln April t. To AaavaaT Csrraii Complaint. Mayor (laynor got an order yesterday from Supremo Court Justice ntegerlch through his eounnel. Mlpntmn r iiuMwin PiilllttL' nn Aliln.nian ll.n... 1 . . ' ' .. nii ii, urrau, who Is suing the Major for 1100,000 for 1 1 V. . 1 UL . n. a . . iii'v-i, iu miiiw (.nun mi &uBgas,y wny ha shouldn't be comnlli. Ih-mimii .m plaint -k n Tn-i -if f-'