OCR Interpretation


The Sun and the New York herald. [volume] (New York [N.Y.]) 1920-1920, April 19, 1920, Image 12

Image and text provided by The New York Public Library, Astor, Lenox and Tilden Foundation

Persistent link: https://chroniclingamerica.loc.gov/lccn/sn83030273/1920-04-19/ed-1/seq-12/

What is OCR?


Thumbnail for 12

.?THfl-gUff"AKP CTSW tOfeK HERAXPr MONDAY 'APRIL " 19, 1920,"
BANK AND TRUST
TRANSACTIONS IN STOCK EXCHANGE
t7onnl from TontA Pace. , '
Illili. I Low,
Irving National Bonk, Now
York, Corigolldnfcil Institu
tion, Opens Doors To-day.
ItESOtmCES .$300,000,000
Will rcrform Trust Functions
Under Itcconfc Amendments
of Statute.
Tho Irvlnpr National Bank rind the
former Irvlnft Trust Company npc-n thojr
doors In tlio Woolwortli BulMInc to-day
hs a consolidated business concern. The
Irvlns Trust, which for nmnlsnmotlon
purposes 1ms been known during tlio last
few weeks ns tlio Now York Nntlonal
IrvlnB Bank, ceased Independent opera
tion at tho closo of business Saturday.
Tlio union was mado posslhlo by tho
amendments to tho national banklnp net,
which became effective- on Decembor ?l,
mid Included provision for national
banks to porform trust functions. That
losislatlon mado thn merger a logical
step for both Institutions.
Tlio Institution will bo known as the
Irvlnir National Dank, Now York. By
tho nmnlcamatlon Its resources Iiavo
boon Increased to approximately J300,
000,000. Lewis E. Plcrson beads tho new
Institution ns chairman. In tho forma
tion of pcllcy nnd tho direction of tho
now Institution ho will bo assisted by
Aloxandor Gilbert, Itollln l Grant.
Frederic Q. I.ec, John II. Lovo nnd
Harry K. Ward. Mr. Gilbert for several,
yoars nas been ciiairninii ot mo irvint?
Trust's board. Mr. Grant hau been vice
chairman of tho Jrvlntr National slnco
3M9. Mr. Loo has been president or th
Irvine Trust, Jlr. mw vlee-chalnnau
of tho Irvlns Trust board mid Mr. Ward
president of tho Irving National,
Tho Irvlni; National wns founded In
JSul. Altogether Foine cloven banks nnd
trust companies, In addition to the orig
inal Irvinir, hilvo hail a fchnre In the
making of tho Irvinn National ns It
stands to-day.
Started With S.IOO.OOO Capital.
Tlio Irvlni? started In business with n
cnpltnl of f'JOO.OOO. It was nameil after
Washington Irving, then at tho hcluht
of his popularity In this country and
abroad, The launching of tho enterprise
wns celebrated with a dinner, at which
tho author was the principal cuest, nnd
at which ho gavo permission for the
bank to use his name. In the same year,
In 1S7 Greenwich street, the New York
National Exchange Bank wns founded.
This, Uko tho Irving, was a commercial
bank, but It served a different clientele,
nnd for fifty-six years the Institutions
did business uneventfully In the same
nelirhborhood, each content in Its own
field and each tespondins to the very
definite business wants. In 1P07 they
wero consolidated as tho Irving National
KxchantfO Hank. Mr. I'lerSon, who wns
prosldcnt of tho National Exchange be-
camo neau or tne amalgamated bank,
and Mr. Grant, later president of the
Irving, was chosen vice-president.
A year beforo thn Irving and tlio Na
tional Now York Exchango banks wero
founded tho Mercantile Natlqnnl Bank
was organized, Its placo of business
. vas at tho southwest corner of Doy
'Btreet and Broadway. In 1312 It was
found that It and tho Irving could work
together to -better advantage than
apart, and a second merger was ef
fected. Tho bank then became known
uri tho Irving National and Willis G.
Nash, president of tho Mercantile, be
came a vice-president of tho now Insti
tution. Combines 'With Niikmu Xatlomil.
In 1311, tho year after tlio Irving
moved into Its present quarters in the
AVoolworth, Building, tho Nassau Na
tional Bank, which was founded about
tho samo time ns tho Irving, combined
with (ho now rapidly grovfing Institu
tion, In much the samo way, following
tho natural coursa of business develop
ment, tho Irving Trust grew up.
'Through a chango In name, to Indicate
relationship with tho Irving National,
tha Broadway Trust Company, organ
ized In 1902, became tho Irving Trust
Company In 1517. In tho following year
It acquired the Market and Kullon
Bank, Itself tho outgrowth of u consoli
dation of tho old Market Hank, nt Beck
man and Pearl streets, nnd tho old Ful
ton Bank, at Pulton and Tearl streets,
both of which antedated tho Civil War.
Tho Sherman National Bunk was uc.
quired last year, as was the National
City Bank of Brooklyn, founded In ISjO;
tho Flatbush Trust Company, In Brook
lyn, with Its Now Utrecht branch, and
tho old Savoy Trust Company; In 1313,
tho Aetna National Bank, on West
Broadway, and In 1913, tho Commercial
National Bank, In Long Island City.
Tho Irving National will contlnuei the
eight district offices of tho Irving
Trust Company scattered throughout
Manhattan nnd Brooklyn, Those Insti
tutions have independent local boards
nnd aro In effect local banks. Tho of
fices In Manhattan aro at Broadway
and Eighth street, tho old homo of
tho Broadway Trust; tho Sherman of
fice, at Fifth avenuo and Thirty-second
etroet; tha Aetna office. In 92 West
Broadway, and tho Mnrkot and Fulton
office, lti 81 Fulton; street. Tho offices
in Brooklyn are: Tho Brooklyn office,
in.,350 Fulton street; tho Flatbush office,
irt,fc9 Flatbush avenue; tho Long Island
City office, on tho Bridge I'laza, Long
Island City, and the Now Utrecht of
fice, in 0323 Now Utrecht avenue..
100
85
50
CU4
118'.
120
100ft
00
47.
J u 74
231
:'0S
2CS
I tort
'ImV
120
.nvi
05 Hi
100
38 ?i
COW
30
200
127
US
1244
-0.1
53
148
53
90
"3
23?i
ao'i
26ft
B5U
37 ft
7S?i
llC?s
Dir.
in I
CO
120
85
734
107
39
CO
so v.
09
41
43
9i
106 V4
100
150ft
25
210
210
12
01
00
20
5 1 ft
23 U
ins
87
27T.
110
01 ,.
40 ft
125ft
48 .k
96
170
S74
20 i
04
15
43
7V4
C35i
77 ft
C
7
0
2.50
8
10
4
4
S
3ft
121
5W7
Y'eld. fUlrs.
8,85
5.Q1
7,06
,2.65
0.54
3.25
3.91
5.C9
7.00
10.71
S.S9
4.51
8.3.
7.78
8.20
7.46
4.00
0.50
8.38
0.25
8,10
5.72
7.00
7.31
5.51
3,77
8.11
S.M
400 Southorn Hallway pf. ,,.
800 Standard Milllnsr Co
100 Standard Milling Co pf..
833 Standard Oil of N J
8C50 Standard Oil of N J pf..
21900 Stowart "Warner Speed..
24300 StromburR. Carburetor ..
273500 Studebaker" Corp
200 Studckakrr Corp pf
4700 Superior St Corp ex dlv.
5BO0
24400
740
100
15100!
100
135
600
13000
100
40300
900
200
200
4S00
10700,
8000
TO0l
4Q00
100
400
100
'IV. tin Con A Clicm
Ti'xuh Co
I'ejcas Co GO p c pa
Tcxns Co full paid
Texas & Pad no
Tcxns Poo Land Trust..
Texas Pao Land Trus,.
Third Avenuo
Tobacco Producta
Tobacco Producta pf....
Transcontinental' Oil ....
TrntisUQ & Williams St..
Twin City K T
Underwood Typowrltor. .
Union Bnir & Paper
Union Oil
Union Pnclllo
Union Pacific pf
United Alloy Steel
United Drug Co
United Drug Co lnt pf...
United Dyowood pf
30800iUnlted Krult Co.
000
200
40C00
1700
300
7700
5SC00
00400
United Hy Investment.
United Ky Invest pf,...
United Hotall Stores....
U H C I iipu t Kdy. . . ,
U S C I Plo & Fdy pf . .
U S Express
U 8 Food Prod Corp...,
U S Ind Alcohol
High,
Lilt.
57ft 60ft 60 ft
160 144ft 159 17
85 85 85 3ft
785 734 756 13
109ft 107 107 1
50 47 48 1
108 99 104ft , 3
125 118 123 2ft
100 100 100
C9ft C5 50
45ft 45 45
12 lift 11 -
211ft 204 206 1
204 100 196 . 4
199 199 199 6
43 40 42 ft
420 420 420
444 365 441
16 14ft 15 1
74 70 72 -(-
90 90 90 4ft
24ft 21 22 2
62ft C9 01
33ft S3 33ft 2ft
200 200 200 15
127 120 122 3
35 33 33 1ft
120ft 118 119 ft
65 04 '64 1
49 47ft 49 ft
139 139 139
50 60 60 ft
96 96 96
224 210ft 218 5ft
11 10ft 10ft
25ft 24 24 1
82ft 78 79ft ft
I 22 21ft 22 ft
55 55 55
8 7 7 1ft
74ft 6G 74 7ft
100 93ft 99ft 3
Net
Cht.
ltin two. I Dir. TTirT I
ITlttil Uw. In j. Yield- gilts. I
' 69! 40 . . . . 620011
143 91 8 7.27 111000 !
115ft 110 8 7,24 900 1
76 61ft 6 8.70 700 1
47 44 3ft 7.49 100 1
109 3 C 4.88 177400 1
115 109 7 6.31 3800 1
80 63 6 7.89 10300 1
12 9 .... 2000 1
97 42 6 6,35 305190 '
80 59ft 4 5.07 3800 1
112ft 107 8 7.32 200 1
98ft 76 C 6.28 300 '
10ft 7ft .. .. 3000 1
31 20ft .. .. 5000 '
20ft 14 .. .. 600 1
76 49 .. .. S00 1
12 8 .. .. 4000 1
32 20ft .. .. 4000'
66 64ft 4 6.25 600 '
89 82 7 8.00 400 1
119 106 7 6,19 600 '
C5ft 48 4 7.76 4200'
14ft 9 .. .. 3600'
22ft 16 .. .. 1100'
69ft 49 4 6.03 1S500 '
32 22 1 4.17 23400 1
93 85ft 7 8.17 400 1
82 ft 64 C 6.90 800 '
33 26 .. .. 100'
145 120 8 C.71 0400'
95 67 6 7.26 7200'
76 , 63 6 8.56 400 '
Yields calculated on last
Steel.
Ccppor ..
Seo Corp.
pf A.
Maryland
k M...
Co.
Pf.
V W.
5
115
112
70
40
106 ft
112ft
77
10
07
80
110
97ft
8
26ft
IT
58ft
10
30
04'
87.ft
114
52
11
17ft
67
24
85ft
74
23
145
85
70ft
lew.
61
109
110
68
46
104
9
83
74
109
97
8
25
17
57
9
29
64
86
p. .
10
16
64
23
85ft
72
28
126
81
70ft
felt
02
110
110
69
46
104
"0
76
9
94ft
78
109
07
8
25
17
68
10
29
64
87
113
61
10
16
65
24
85
72 ft
28
140
82
70
Coft.
2
1
-1
I
.ft
i
1
-1
8
6
1
4
ft
1
ft
ft
-"
1ft
8
1
.1
1
1ft
3
14
2
-2ft
Odd lots. Note Odd lot transactions aro not recorded In acparate lino
unless ealca wero mado at prloo outsldo of tho regular full lot range.
South Cnrollnu, Ilond Offering.
The Equltablo Trust Company of New
York is offering $3,000,000 of Stato of
South Carolina 4 per cent, tax anticipa
tion notes at prices, to yield 6 per cent
They aro frco from Foderal Income taxes
and are lognl Investments for jsnvlngs
banks and trustees in New York and
other States. Issued In denominations of
1,000 and 5,000, they mature 1300,000
weekly on January 6, 1821, to February
10, 1921, both inclusive.
EUROPE'S CROPS DOING WELL.
Home Institute Ilcitort on (he
Vlntcr AVhcnt. ,
, Home, April 18. A bulletin of tho
International Agricultural Institute,
mado public here, announces that win
ter crops are making good progress in
Austria, Belgium, Denmark and the
United Kingdom. Parts of Italy and
Algeria suffered by drought, but other
wise tlio condition of tlio crops Is satis
factory. Winter wheat reports comprise about
ono-half tho usual extent sown in th
northern hemisphere, showing u de
crease in tho cultivated urea of 7
per cent, compared with last year I
Spring sowing was carried out fav-1
orably In Morocco and is well ad-1
vanccd in Austria, Belgium, France!
Kngland and Ireland and favorably
commenced In Denmark, Scotland and I
Jtaly. I
Offer Minneapolis llonili.
Harris, Forbes & Co., tho National
City Company, Estabrook & Co., and
31 Day & Co. of lioston; Mcrrll'.,
Oldham & Co. of Ilonton; tho WcIIh
Dlckey Company of Minneapolis and the
ailnnesota Loan nnd Trust Company
ot Minneapolis aro offering $2,085,000
of Minneapolis municipal 5 jwr cent,
bonds dated April 1, 1920, nnd due
serially In 1D23 to 1950, They aro legal
Investments for aavinas banks nnd trust
funds In Massachusetts nnd Connec.tleut,
and eligible as security for postal sav
ings deposits on a 90 per cei'l.'lvulii.
They are also the direct ob'l-jalioii of
the entire city of illancapoll. , .md aie
offered to yield 5.05 to 5.17 per cent
(iccordlnjr to maturity.
V
To
the Public:
. N TUESDAY, APRIL 13th, The Globe and Commercial Advertiser of New
York, published misstatements regarding transactions between the United
States Shipping Board Emergency Fleet Corporation and the Downey Ship
building Corporation of N. Y. On Wednesday, April 14th, the Downey Shipbuild
ing Corporation commenced action for damages, in the U. S. District Court, against
the'publishers of the Globe and Commercial Advertiser.
The article which appeared in the Globe and Commercial Advertiser insinuated
that the U. S. S. B. Emergency Fleet Corporation gave the Downey Shipbuilding
Corporation $2,505,000 without providing to receive its equivalent value in shipbuild
ing work; also that the Fleet Corporation could have purchased for $565,000, or less,
, the properties now owned by the Downey Shipbuilding Corporation. These statements
by the Globe and Commercial Advertiser are false. To offset as far as possible the
injury caused by these statements we are impelled to advertise the truth regarding
the transactions between Emergency Fleet Corporation and this Corporation.
In June, 1917, General George W. Goethals, Manager for U. S. S. B. Emergency
Fleet Corporation, and Mr. Wallace Downey, President, Downey Shipbuilding Corpogi
tion, negotiated a shipbuilding agreement under which the Downey Shipbuilding
Corporation was to build ten steel steamships, jor the Emergency Fleet Corporation.
Reputable attorneys for both parties carefully prepared and both Corporations executed
a shipbuilding contract, based on said agreement, to build ten steel steamships, aggregat
ing about 75,000 d. w. tons at an agreed price of $11,625,000, which price was predicated
on material and labor costs as of June, 1917, and subject to increase or decrease pro rata
to subsequent changes in material and labor costs.
Upon execution of the contract, the Emergency Fleet Corporation paid to the
Downey Shipbuilding Corporation a customary initial shipbuilding payment on account
of the contract price of ten steamships. The amount of the payment was $2,505,000.
As security for this initial shipbuilding payment, and also to guarantee the full and
faithful performance of the contract, the Downey Shipbuilding Corporation furnished
a surety performance bond for $2,505,000, which was fully guaranteed and secured by
First Mortgage on New York City properties, since appraised, by the American Apprai
sal Company, at $6,030,000. The Downey Shipbuilding Corporation has fully and
, completely performed its contract, and delivered all of the steamships provided for in
the contract to the complete satisfaction of the Emergency Fleet Corporation. The
contractor's performance bond for $2,505,000 is fully liquidated and the surety mortgage
is discharged from the records.
Executives of the Emergency Fleet Corporation have officially stated that the
Downey Shipbuilding Corporation performed its shipbuilding contract in a most satis
factory manner. Classification bureau surveyors, trial board engineers and operating
officers have stated without qualification that steamships built by the Downey Ship
building Corporation are superior in construction and equipment. Because, of the
exceptionally good quality of steel steaniships built by the Downey Shipbuilding Cor
poration, the Shipping Board has been able to sell Downey-ships to private shipowners
at from $215 to $225 per d. w. ton, which prices should net the government a profit
over the contract price.
The following facts will refute misstatements reflecting upon values and capacity
of Downey Shipbuilding properties. In April, 1919, the American Appraisal Co.
officially appraised our properties at $6,030,000. In November, 1919, Mr. Stevenson
Taylor, President, American Bureau of Shipping, acting for bankers, appraised our
properties at $5,400,0.00. Since July, 1917, Downey Shipbuilding Corporation has
undertaken contracts ' aggregating about $23,000,000, of which about $20,000,000
worth has been completed and delivered with entire satisfaction to customers. Our
steel shipbuilding capacity (vessels up to about 15,000 tons each) is about 100,000
d. w. tons per annum and marine engine building capacity about 40,000 H. P. per
annum!
The Downey Shipbuilding Corporation has not paid, or agreed to pay, and
will not pay, directly or indirectly, any bribe, of any sort or description, to any
employee, official, or representative of the U. S. S. B. Emergency Fleet Cor
poration, or any other government department. The Downey Shipbuilding
Corporation has not received directly or indirectly from the Emergency Fleet
Corporation or any of its representatives, any payments, favors or benefits
of any kind or description which have not been properly secured and legiti
mately earned by actual shipbuilding performance. At all times from the
beginning to completion of our shipbuilding contract all monies paid by the
Emergency Fleet Corporation to the Downey Shipbuilding Corporation have ,
been thoroughly secured, faithfully and honestly earned. All transactions
between the Emergency Fleet Corporation and the Downey Shipbuilding Cor
poration were checked and counter-checked by government auditors and
re-audited by two independent Certified Public Accountants.
This is to serve notice upon all persons and publications that repetition
or dissemination of falsehoods injuriously affecting the Downey Shipbuilding
Corporation or any of its officers will be legally prosecuted.
DOWNEY SHIPBUILDING CORPORATION
Wallace Downey, President,
J.
United States Government
Liberty Bonds and Victory Nptes
We keep a supply, of the above securi
ties on hand for immediate delivery
3 Due June 15, 1947 Yield about 3
1st 4 " June 15, 1947 " "
2nd 4 - Nov. 15, 942 . " 4.95
1st 4M " June 15, 1947 " " 4.90
2nd 4 " Nov. 15, 1942 " , " 5.25
3rd 4M " Sept. 15, 1928 " . " 5.40
4th 4M " Oct. 15, 1938 5.35
5th 3 " May 20, 1923 " ; " 5.10
5th 4 " May 20, 1923 , " 6.05
At -present prices these securities With their tax exempt
features and high yield seem to us most attractive. We
shall be glad to give further particulars on request.
Kidder, Peabody & Co.
17 Wall Street
New YorJ
115 Devonshire Street
Boston
THE HANK OF AMERICA.
Vow York City. April 1, 1S0. To Tb
Stockholder Or Ttao Bank of America:
Please Take Notice, J. That a ip.cUl
meeting ot the atockholdera of Tha Bank
or America will be held at the office of
the Bank, at No. 44 Wall Street, In the
Uorouch of Manhattan, City ot New Tork,
on the :;th day of April. 1920, at 11:10
o'clock In the forenoon, for the purnoae of
considering and taking action upon the
following: (1) The approval by tha stock
holders of an agreement made and entered
Into by The Bank ot America and frank
lin Trust Company, approed by the Su
perintendent of Banks, pursuant to the
provisions of the Banking Law of ths
Mato of New York for the merger of
Franklin Trust Company into The Bank
of America, (3) The Increase of the num
ber of Directors of the Bank from nine to
twenty-two. (3) The sale, conveyance and
transfer by Franklin Trust Company to
The Bank ot America of all ot the prop
.rtles, rights, privileges and franchises of
Kranklln Trust Company, subject to the
tatter's liabilities. (4) The amendment of
the Articles of Association of the Bank In
the following particulars; (a) Section 1.
of Article 1, now reading as follows: "Sec
tion 1. The name ot this Association shall
be. 'The Bank of America,' and Its bull-n-m
of discounts and deposit Is to be
carried on In the City ,of New York.", to
be amended so that as amended It will
ra.l as follows: "Sec. 1. The name ot this
Bank shall be 'The Bank ot America' and
Us principal office and place of business
shall be in the City of New York and It
may open, occupy or maintain such branch
offices nt such places and for the trans
ition of such business as may be autho.
Ited by law." (b) Section 2, of Article 1,
now providing (as amended pursuant to
resolution passed, at a specla, meeting ot
stockholders -on October 7, 1195), that the
amount ot 'the capital stock of the Bank
shall be 11,300,000. consisting ot 15, (OS
shares ot the par value of $100 each, to be
amended so thut as amended It will rad
as tallows; "Sec. 2. The amount of Its
capital stock shall be Five million five
nunareu tnousana aouars (is.tou.gooi ai
vldrd Into fifty-five thousand ((.1,000)
shares of the par value of One hundred
dollars (1100) each." (c) Section 1, of
Article III. now reading as follows:
"Sec. 1. The powers ot the Association
shall be exercised and Its business be con
ducted by nl.ie Directors, hvery Director
shall be a cltlien of ths United State of
America and shall own and hold at all
times. In his own right, at least ten share
of tha capital stock of the Association.",
to be amended so that as amended It will
read ,as follows: "See. 1. The power of
the Association shall bo exercised, and Its
business conducted by twenty-two direc
tors. Every director shall be a cltlien of
the United States of America, and shall
own and hold at all times, In his own
right, at least ten (10) shares ot the capi
tal stock of the Bank." (d) Article IV,
now reading as follows: "The Board ot
Directors, out of the funds of the Associ
ation, (hall defray all Us expenses, and
twice In each year may declare and pay
such dividends as they may deem expe
dient, and as shall be lawful, out of tha
surplus profits ot the Association, to ths
Stockholders or their authorised attor
neys: of which dividends notice shall be
Immediately published, for at least ten
days. In two dally newapspera printed In
the City of New York. Any Interest ac
cruing on unclaimed dividend shall be
long to the Association.", to be amended
to that as amended It will read as follows:
"Article IV. The Board ot Directors, out of
tho funds cf the Bank, shall defray all
It expenses, and may declare and pay
such dividends as they may deem expe
dient, and as shall be lawful, out of tha
surplus profits of the Bank to tha stock
holder or their authorised attorneys. Any
Interest accruing on unclaimed dividends
shall belong to the Bank." (e) Section i.
ot Article VII, now reading a follow:
"Sec. 3. The President and the Cashier
shall sign all Certificates ot Stock to o
Issued by ths Association.", to be amended
so that as amended it will read a follow:
Sec. 3. The President or any Vice-President
and the Cashier or any Assistant
Cashier shall slg.i all certificate of stock
to be Issued by tha Bank." II. That a
special mentlng of the stocKholders of Tha
Bank ot America n 111 be held at tha office
of th Bank, at No. 44 Wall Street, In tha
Borough of Manhattan, City of New York,
on the 27th day of April. 1110, at 11:11
o'clock In the afternoon for the purpose
of authorizing the Increase of tha canltal
lock f The Bank ot America from 11,500,-
oou, me present aumorueu amount, con
slating ct 13,000 shares ot tha par value
ot 1100 each, to 13,300,000, consisting ot
33,000 shares of the par value of 1100 each,
and the disposition to be made of auch In
ceased capital stock. III. That tha stock
transfer books ot The Bank ot America
will ba closed at 1:00 P. M on April (,
It' 20, and re-opened at 10:00 A. M., on
April 31. 1920. The attention ot tha stock
holders Is called to the circular letter.bear
Ing even date herowlth and sent by direc
tion ot the Board of Director. By order
ot the Buard ot Directors.
William H. Perkins. rrmiant. waiter JC
Bennet, Cashier and Secretary.
EXPERIENCED TELE
PHONE SALESMEN
WANTED TO SELL BONDS.
PHONE WORTH 9367 FOR
INTERVIEW.
SALESMEN wanted to learn stock
nnd bond business. High school
graduate preferred. Phone Worth
0367 for Interview,
ELECTIONS AND MKKTINC1H.
NATIONAL BANK OF EGYPT
Established under Egyptian Law, June
1391, with the exclusive right to lasua
Notes payable at sight, to bearer.
CAPITAL 3,000,000
(In 300,000 Share of 110 each, fully paid),
' RESERVE FUND (3,000.000
Governor r. t. kuwlatt, esq.
HEAD OFFICE CAIRO.
Sub-Governors J. HOME. B. HORN8BT.
BRANCH ALEXANDRIA,
LONDON AGENCY:
0 and 7 KINO WILLIAM ST., LONDON,
E. C. 4,
The Bank transacts all klnda et "Trlnr
business.
Rod-el-Farag (Cairo). Schar. Tantah and
Zagailg and In tha Soudan at Khartoum,
rnrt Rnudan.
Office In Egypt at Cairo (Head Office),
Alexandria. Asslout. Assuan. Benho, Ben!-
Rucf, Chlbln-el-Kore, Damanhur, Fayoum.
, Keneh, Luxor, Mansourah. Mlnleh, Mouxky
(Cairo), Port Bald, Suaklm. and tha Sub
Agencies at El-Obeld, Tokar and Wad-
. Medanl.
,
New York Stock Exchange
A man of experience and ability
seeks a connection with a
Stock Exchange House where
a thorough knowledge of the
business will be o! value, and
some profitable, and growing
accounts will receive cooperation
and encouragement. Highest
references. 0. X., 345 Sun
Herald, Fulton St. 4
FRANKLIN TRUST COMPANY,
New York City. April 1. 1130.
TO THE STOCKHOLDERS OF FRANK
LIN TRUST COMPANY: PLEASE TAKE
NOTICE. That a special meeting of ths
stockholders of Franklin Trust Com
pany will be held at the office o
the Trust Company, at No. 163 Monta
gue Street, In the Borough of Brooklyn,
nnd Cltv ot New York, on the 19th day ot
April, 1920, at four o'clock In the after
noon, IOr Wl" pUrpUBC UL YUllllt TTIMI T-
apoct to the approval ot an agreement
made and entered Into by The Bank of
America and Franklin Trust Company, ap
proved by tha superintendent of Banks,
pursuant to tho provisions of the Banking
Law of the State of New York for tha
merger of Franklin Trust Company Into
Tha Bank of An, erica; also that a special
meeting of tha stockholder of Franklin
Trust Company1 will be held at the office of
the Trust Company, at No. 163 Montague
Street, In ths Borough of Brooklyn, and
City of New Tork. on the ltth day of
April, 1920. at 4:43 o'clock In tha after
noon, for tha purpose of consenting to ths
sale, conveyance and transfer of all the
property, rights, privileges and franchises
of the Trust Company to The Bank of
America, subject to the liabilities ot tha
Trust Company. Tha attention of tha
stockholder I oalled to the circular lat
ter bearing even date herewith and seat by
direction of the Board of Trustee.
By order ot the Board of Trustee.
EDWARD C. DELA FIELD. President.
CLARENCE M. FINCKB. Secretary.
United State Steel Corporation.
Notice of Annual Meeting of April 19, 1920.
Notice hereby Is given that the Annual
Meeting ot ths Stockholder ot the United
States Steel Corporation will ba held at
the principal office ot the Corporation, at
the Hudson Trust Company, No. 31 New
ark Street, In the City of Hoboken, County
ot Hudson, New Jersey, on Monday, tha
nineteenth day of April, 1920, at 12 o'clock
noon, for the transaction ot any and all
business that may come before tha meet
ing. Including considering and voting upon
the approval and ratification of all pur
chases, contracts, contributions, compen
sates, acts, proceedings, elections and
appointments by thei Board ot Directors or
the Finance Committee since tha Annual
Meeting of the Stockholder ot 'he Cor
poration on April 21, 1919, and .V.l vt:atters
referred to In the Annual Report to ttock
holders.for the fiscal year ending Pecem
ber 31, 1919, and In the procoeJIugs of (he
Board of Directors, which until tno meet
ing will ba open to examination by Stock
holder of record during business hours at
the New York office ot the Corporation, 71
Broadway: the ejection ot five Directors,
to hold office for three year; and tha
election ot Independent auditors to audit
tha books and accounts ot tha Corporation
at the close ot the fiscal year.
The stock transfer book will ba closed
at the close of business on Iflday, tha
llth day of March, 1930, and will ba re
opened at 10 o'clock In the morning of
Friday, April 2, 1930.
RICHARD TRIMBLE. Secretary.
Hoboken, New Jersey, February 21, IV 20.
TO THE STOCKHOLDERS OF THE
DELAWARE AND HUDSON COMPANY.
Notice Is hereby given that the ANNUAL
MEETING ot the Stockholder of THE
DELAWARE AND HUDSON COMPANY
will be held at the office ot the Company,
No. 32 Nassau Street, In the Borough of
Manhattan, City of New Yorlc. on TUES
DAT. MAY 11. 1330, at twelva o'clock
noon, for the election of Manager of tha
corporation for the ensuing year, and tor
the transaction of auch other business as
may properly come before tho meeting,
Including considering and voting upon the
approval and ratification ot all action of
ths Board ot Managers and Executive
Committee since the last annual meeting
ot stockholders, and all matter referred to
In tha Annual Report to Stockholder for
the fiscal year ended December 11, IJ19
The polls will open at twelve o'clock
noon and remain open for at least one hour
Stockholders of record at the close ot
business May 1, 1920, shall be entitled to
vote at such Annual Meeting.
By order of the Board of Manager
v- -r f-3 0.LF,IANT' Secretin.
New Tork, March 20, 1920.
TUB CHESAPEAKE AND OHIO RAIT.
WAY COMPANY.
NOTICE OF ANNUAL MEETING.
Rlohmond, V February 10. Ills
NOTICE IS HEREBY GIVEN that th
sAMii wa sii vi uio 'ioc lain oia a r nf
THE CHESAPEAKE AND OHIO RAIL.
wait nnitDi iv ...in w sVl-
Jnthe by-Uw at the reora. off let of th
Company In the City of nichmond. V!r-
stlnla msb THi ) A nail a r "
"a uvsuaj , April iVt lllf. at II
tfclock A. M., tor the following purpose
(b) To consider any and all action
theretofore taken or authorized br tha
Board of Director or by th Ezeentlvl
Committee ct thy Company w&h i?
ba submitted to tha meeting; and
(c) To transact ruch other business
ajmay lawfully com b.fora tha ma
TKs, , V tsMea4t v A.m. iii
w artwwn a i auaiOi UVUM Will CIOIA Jkt
the offlca of the Company. No. II Broad
way. Nw York City, cm Friday. MarchTl.
ln?J,V c,9?k ?;.u-i nd "ill raop.n
on Wednesday, April 31, ilj, at it o'clock
A. 31,
By orde t the Board of Director
A. TBEWETT. Secretary.
lM',litl?5JCon,oUd,d Coppw Company.
NOTICE OF ANNUAL MEETING7'
.Notice I hereby 'given that th Annual
Meeting- of the Stockholder, of th Inspira
tion Consolidated Copper Company will b
said at tha office ot tha company. 241
Water St. Augusta. Maine, on Monday, the
ltth of April. 1920, at 2 o'clock P. if f
ths transaction of anr and all btuin... it...
may come before the meeting. Including
Tha Transfer Books will not ba closed,
but only those stockholder of record at th
close of business, viz. (1 o'clock P. M )
on Friday, April 9th. 1!20. will ba entltltd
to vols at said meeting.
By order ct tho Board ot Directors.
J. W. ALLEN, Secretary.
Kaw Tor. March . mo, '
ELECTIONS AND MEETINGS.
NEW YORK TELEPHONE COMPANY,
i New York, April 19. 1920.
TO THE STOCKHOLDERS:
Notice Is hereby given that tho annual
meeting of tha stockholder ot the New
York Telephone Company will bo held at
No. 195 Broadway, Borough of Manhattan,
Tho City of New York, N. Y on Tuesday,
tho 4th day of May, 1920, at 12 o'clock
noon, for the election of thirteen directors
and three Inspectors of election and the
transaction ot such other business as may
then properly como beforer the meeting.
WALDRON HOPPINS, Secretary.
EJIPIBE CITY SUBWAY COMPANY
(Limited).
New York. April 12th, 1S20.
TO THE STOCKHOLDERS:
Notice Is hereby given that tha annual
meeting of the stockholders of the Empire
City Subway Company i(Llmlted) will it
held ut No. 19! Broadway, Borough ot
Manhattan, Tho Cltr of New Yorlc. N. Y.,
on Tuesday, April 27th, 1930, at 12 o'olock
noon, for the election of five director and
three Inspectors of election, and the trans
action of such other business as may then
properly come before the stockholders.
WALDRON HOPPINS. Secretary.
NOTICE TO STOCKHOLDERS ACME
SERVICE CORPORATION.
Notice Is hereby given that tha annual
meeting tor election ot officers and transac
tion ot such other business as many properly
come before the meeting will be held at the
company' office, 24S Canal t., on May S,
at 4 P. M.
April 17, 1920. JOSEPH KRONE. Pres.
DIVIDENDS AND INTEREST.
JULIUS KAYSER A CO.
The regular quarterly dividend of one
and three-quarter per cent. (lft) upon
the First Preferred Capital Stock and the
regular quarterly dividend of one and
three-quarter per cent. (1) upon the
Second Preferred Capital Stock of Julius
Kayaer & Co. has been declared, payable
May 1, 1920, to the holder of record ot
said First Preferred Capitol Stock and of
aid Second Preferred Capital' Stock at the
close of business April 20, 1920. Dividend
check will be forwarded by Guaranty
Trust Company of New York.
LOUIS LEWINSOIIN. Secretary.
TUB riTTSRURGII & WEST VIItblNLl
RAILWAY COMPANY.
PREFERRED DIVIDEND NO. 1J.
The Board of Directors has declared a
dividend of one nnd one-half UH) per
cent, on the Preferred Stock ot the Com
pany tor the quarter ended March 31, 1920,
payable May 11. 1920, to Stockholders ot
record at the close ot business on May (,
1120.
... w v J1' O. MOORE. Secretary.
Pittsburgh, March 17, lt0.
TEXAS Amalgamated Oil Co. of Wichita
Fall,- Texa. declare monthly dividend
No. 8 of 6 to all stockholders on record
April 1. J. A. COLLITON, ' Pres. Texas
AmaJrimtfirl fH cn Trm intm titm a nTV
CO.. 176 Fifth av. Phone Qramercy 380.
DISSOLUTION NOTICE.
AT A RPtTfT 1 T. TE . v a rm
5EJU"?.RBUB COURT OF THE STATE
OF NEW YORK, held In and for the
County of New York at the County Court
house in the Borough of Manhattan. City
of New lork, on tin 7th day of April. 1920.
IN THE MATTER OF THE
5S?U?,,n.PJ;0MPANT' INC., A COR
PORATION, iron vnr.nvTi rv t.tconi i'.
TION. - .uuw
On reading and nilng the petition N.
H. Campbell, M. F. Lor. R. O. White. C.
the Chemung Steamship Company. loc, a
corporation created under the Law of this
.v ","k iu principal orti:a lo
cated In tha City of New York, and the
schedule thereto annexed, duly verified by
the petitioners on the llth day of Febru
ary, 1920, from which petition It appears
that tha case Is one ot those specified la
Section 170 of the General Corporallin
rr. ' . appearing w IIIO pri-
Isfactlon of the Court from said petition
'"i me sam corporation nn ceased io
operate and do business and ha no Uablll-
muA ui, icuuius ana nung me noiicr
of thl application, dated tho 20th day of
tuviuA;. ,u, wim proox ox aua scrit"
thereof and ot said petition and schedule
and a copy ot said order on the Attorney-General;
Glbboney, of counsel for th petitioner!,
and tha Attorney-General by a representative.
.-mow, on motion or uaroer, watson
Glbboney. attorney for tha petitioners. It Is
wihsjiuis, wiac uii persons lmerosivu
said corporation show causa before JuHN
Tr , II . v w u. . . . ...
Maununnij, who i nersey f
pointed Referee for that purpose, kX !
office, Nto. 12 Nassau Street. In tha ."-
io 01 iuannaiian, i;iiy or new xora. w
tho 3th day ot Hay. lfrio, at 10:30 u'ciocX
... ...w av.vi.wvM, w.iy lUH I4IU I.UI yw.
should not be dissolved; and It Is further
unwwicu. mat a copy or mi oraer "
published at least once In each of the taran
wok Immediately preceding sold 9th dsy
. . r .. n a . , n . . -i-.-t.
" .-aij. it,v. ib m- uun ana aw i.i
Herald and New York Law Journal, ne-
?pm vuousnea in too v-ounty 01 .-"-ork.
Enter.
. . 3. Q. J. 3. C
COPARTNERSHIP NOTICE.
N0110K Is hereby gtren that Joto W. Cotter
Is adir.Ittevl lo partnership In pursuance at
the laws ot the State ot Pennsylvania la In
firm of Fward n. Smith A rotupsny, at 1"'
Cnt-stnut St., Pblhdelphla, Prnnaylraala. a.
30 Pine st New lotk dty. Slsta of New Tots,
nnd elsewhere, the Bsrtiers of which flnr ire:
Albert L. .Smith, limited: Albert U BmltH.
gnu-rat; nadellffe nhrston,'Cbsrlcs S. ChtA
Albert II. Msrcxwald, Edward W. BucUJ
and Johh W.. Cutlet." '
XLIiERT L. SMITH.
RAHCI.IFPK CHKtTON.
CHIRMS H. OURSTOV,
ALBERT H. ARCKWALa.
BOWAIID W. IlUCKUOvT,
JOHN W. CUTLER.
April 15, !.
-Ait-.

xml | txt