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THE BRATTLEBORO DAILY UIvFOHMEK. MONDAY, JUNE 27, 1921.
GOYENMENT FARM BUYS BROOD MARES 1 Ruby and Laura Jay Ituught of II. R. C. Watson Estate for Farm at Wey bridge Are High Class. The United States Morgan horse farm lias just completed arrangements where by there lias been secured for the farm in Wey bridge two of the finest brood mares from the stud of the late II. It. C. Watson of Brandon. They are: j Ruby, a 15-year-old bay mare, with a star in forehead and "one hind ankle' white; height 15 hands; weight 1,200 pounds; sijiL by Pete Morgan 5411; and out of a mare by Smith's Urey Colum bus. Ruby has been a strong and eon- . sistent winner in the snow ring. Slie won first premium at Addison county! fair in 1910 and again in 1911 and 191:2;! hrst premium at Valley fair. Brattle-. bjiro, in 1912 and 1915; tirst premium and cups for best brool mare at Yer-j mont state fair in rjl 191.i, 101 1, 1915 and 1910; the Stillman cup in 191-', 19 1.1 1 and 1914 at Vermont .state fair for best) brood mare against very strong eompe-l tit ions. .She won tirst premium in 1910 and 1917 at Worcester, Mass., fair; tirst premium at the great norse snow as, Springlield. Mass., in 1917; and tirst pre mium at Vorcestcr, Mass., fair in UiS, Ruby is the dam of Success fi59s, one of the best stallions ever raised by Mr. Watson, and winner of many prizes at various New -Tngland fairs and horse shows. Laura day, a 12 year-old chestnut mare, with star and stripe in face; height 14.: hands; weight, 1,2J pounds; sired by Kthan Allen M r,9S7; and out of a mure bv I'.illv Roberts 4550. Laura day is a true tpe ot tliti old-time Mor-; $ Kan, with plenty of style and action.) fl She won tirst premium at the Vermont , tj state lair in 1910; second premium at Vermont slate fair in 1011; and see-j ond ireinium at Addison county fair ii ;91l and 1912; two third premiums at . rinont state fair in 191.'$: second pre-jH im.im ;.t Vermont state lair in 1914 and 19!t; hr-t premium at .Addison couni ; u tair in r. l.. .ne won second pienumo at Worcester, Mas., fair in 1916 and. 1917; grand championship and first pre mium :.t the great Horse show at t Springfield. Mass.. in 191(5 and 1917: two j tirst premiums at Worcester, Mass.. fair in 191S: ami two tirst premiums at the! Vermont state fair' in 1319. Laura day j is the dam of Ruth, one ot the farm s brood mares, which was bought of Mr. Watson last year. These two mares will form a strong addition to the already excellent string of brood mares at the Morgan horse farm, and doubtless will contribute some high class stack to the ?tud. Overdoing It. We deeply sympathize with the Stratford man who asked the magis trates for a separation order because his wife chased him with a hatchet every day. It is too often. London Punch. ESTABLISHED 1S72 Largest Display of Caskets Finest Parlors Chapel Professional Morticians UNDERTAKERS Auto Equipment, Pertect Service Tel. 264-W or 264-R Bond Eld., Brattleboro, Vt. PROFESSIONAL. CAKU-a. DR. E. L. TRACY, FByHcian ana surgeon, 114 Main St. Office hour: 8 to 9 a. m.. 1 to 3 p. m., 7 to 8.30 p. in. Tel. 256, . DR. B. E. WHITE7P6yician and Snr(eoa. Barber Building. Room 205 and 206. Hoars: ' 1-3 and 7-8 p. m. Office tel., 717-W re 717-R. j DR. G. B. HUNTFR. Office at retidence. West Brattleboro. Horn: 8 to 9 a. m.; 1 to 1. and 6.30 to 8 p. m. Telephone, 318. i W. J. KAINE, M. D., Physician and Surgeon. Office, Room 10, Ullery building. Hours: 8.30 to 9.30; 1.30 to 3.00; 7 to 8. Office 'phone. 429-W. Residence, 75 Frost St., 'phone. 429-R. C. R. ALDRICH. M. D. Flourt; 12.30 to i.30. 7 to 8. Office lpboae, 165-W; house. 165-R. X-ray work a specialty. G. R. ANDERSON, Surgeon and Physician. Surgery a specialty. Office and residence. Brooks House, 128 Main St. Hours- After noons, 1.30 to 3; evenings, 7 to 8, except Toes da) and Fridays. Sunday by appointment only. 'Phone 246. DR. GRACE W. BURNETT, Pbytician and Surgeon. Market Block. Elliot St. Office hours: 8.30 to 9.30 a. m.; 1.30 to 2J0, and 7 to 8 p. m. Telephone, 744-VV. DR. H. P. GREENETlPhygician Surgeonu Office. Bank block. Hours: 1.30 to 3, MJd t to S p. m. Residence. 83 Green St. Telephone usnnection. Xlornicgt and Sunday by ap pointment only. EDWARD R. LYNCH, M. D. Surgery a ape cialty. Office, Park Building. 'Phone. 540. Hours, 1 to -"4 p. m.; 7 to 9 p. m. Residence, Futney Koad. 'Phone, U7. bunday by ap pointment only. j DR. A. I. MILLER, Hooker block, Brattle boro. Office hours ; 8 to 9, 1 to 2, 6.30 to 8. W. R. NOYES, M. D., Physician and Surgeon, Eye, Ear, Nose and Throat. Glasses fitted. Hrs. 9-12I1.30-5. Wed. and Sat. Eve. Am. Bldg. DR. HENRY TUCKER Residence. 12 Grore St.; telephone, 258. Office, Leonard block. Hours: 1.30 to 3, and 7 to 8. Telephone. 29-W. DR. H. L. WATERMAN. Office. 117 Main St. Over Kueeh'a store. Hrs.: 1.30 3. 7-8. Tel. 42 W. W. H. LANE, M. V., 117 Main St, Hours: 1 to 3 and 7 to 8, except Sundays. Tel. 789 W. DR. C. G. WHEELER, Osteopathic Physician, 110 Barber Bldg. Office hours: 10 to 12 and 2 to 4. Treatment by appointment. Tel. 219-W. SASK1NS & SCHWENK, Attorney and Ccnn ellors at Law. Brattleboro, Vt. DR. G. F. BARBER, Dentist, Brattleboro. Union block. FRANK E. BARBER, Attorney at Lav, Bar ber Building, Brattleboro. O. B. HUGHES, Lawyer. 212 Barber bnilding. Telephone 1106-W. BARROWS CO., Wholesale and Retail Dealers in coals of all kind. Office, 37 Main St.. Brattleboro. BOND & SON, Exclusive Undertaking, Aato mobile service. Telephony 264-W- 'PHONE 354-W Moran & Rolide Funeral Directors Automobile Equipment 5' MAIN STREET Brattleboro, Vermont m jmi mi jh uammminoa For Those Interested in the Stock of The Parker Young Company, We Submit Below Balance Sheet, as of August 31, 1920 Which Has Been Verified by Price, Waterhouse & Co.,"the proceeds of the Sale of the 5,000 Shares of Preferred and 3,750 Shares of Common Stock Which Are to Be Sold as of July 1, 1921, Have Not Been Applied to This Statement. The Parker-Young Company, Lisbon, N. II. Balance Sheet, August 31, 1920 . ASSETS ' Current assets: r " Cash on hand and in banks . . . , . . ; . $ Funds in escrow , - Agents' balances Notes receivable $369,335.35 Less discounted , 268,056.27 Accounts receivable $969,319.79 Less reserve for bad debts 69.651.20 Advances on contracts for lumber, pulpwood, etc. Timberland operations (advances on lumber' being factured includes small operations) N manu- 92,427.13 330.00 1,170.95 101,329.08 899.668.59 65,488.16. 217,138.49 Inventories: Lincoln, N. H $549,477.38 Lisbon, N. H 279.623.22 Orleans, Vt .'. 207,746.26 Timberland Dept. Mountain Mills, Vt 184,972.89 Total inventories $1,221,819.75 LIABILITIES, CAPITAL STOCK AND SURPLUS Current liabilities: Notes payable . . . Accounts payable Thru freight bills $ Accrued wages .. Accrued interest '. '. Accrued taxes (other than income taxes) Accrued freight . . . . . Employees' loans '. Sundry liability accounts . . j '. Posey Mfg. Co. (all of capital stock of this company is owned by The Parker-Young Co.) The Woodstock Lbr. Co. (all of capital stock of this com pany is owned by The Parker-Young Co.) Black River Lbr. Co. (all of capital stock of this company is owned by The Parker-Young Co.) 636,557.23 393,645.00 6,803.96 . 54.025.35 18,009.55 83,497.0? 6,157.86 12,313.90 5,174.41 159,819.16 214,624.54 Total current assets $2,599,372.15 , 50,529.24 Prepaid insurance, interest and taxes Investments and advances (in controlled and affiliated companies at cost). Securities: The Woodstock Lbr. Co. capital stock Beebe River Railroad capital stock Posey Mfg. Co. capital stock Black River Lbr. Co. capital stock E. K. Bishop Lbr. Co. capital stock Deerfield River R. R. capital stock Fish River Mfg. Co. capital stock Orleans Building Ass'n capital stock v Total securities Advances : Beebe River Railroad E. K. Bishop Lbr. Co Black River Lbr. Co Total advances $699,429.81 150.000.00 250,000.00 25.000.00 30,000.00 8,000.00:: 17.500.00 500.00 $151,925.66 20,000.00 22.89 1,180.429.81 171,948.55 Property accounts: Lands and timber: Lincoln Lisbon Orleans Beebe River Mountain Mills Black River Mills, 'plants, machinery, etc.: Lincoln Lisbon Orleans Timberlands department... Beebe River 'Mountain Mills Tenements, hotels, boarding houses, etc: Lincoln Lisbon Orleans Beebe River Mountain Mills Railroad and equipment Lincoln Power Plant, Mountain Mills. . . . Beebe River land improvements.. 658,442.81 974,566.18 65,927.04 467,747.32 133,740.38 9,000.00 992,282.18 355,736.37 284,479.62 62.727.06 179.312.88 161,756.40 229,193.90 28,75?.90 31.373.16 64,161.23 25,000.00 95.513.80 100,003.00 61,180.06 204,473.96 64,862.48 53,425.24 10.066.50 95.327.68 32,240.36 24,550.92 4,741.35 4,703.42 17,94.09 23.227.32 1,6,848.12 658.442.81 974,566.18 65,927.04 467,747.32 1 33.740.38 ;: 9,000.00 787,808.22 290,773.89 231,054.38 52,660.56 , 83.985.20 129,526.04 204.639.98 24,011.55 26.669.74 46.187.14 25,000.00:' 72,285.48 83,151.88 61,180.06 Total Current Liabilities Federal income taxes for fiscal year 1920 Mortgage notes (payable $333,000.00 per year. Next payment - due Aug. 1, 1921.) New England Power Co. deposit Reserves: Operating reserves , : $ Reserve for fire losses . . v Reserve for accidents Reserve. for dividends Reserve for income taxes (ac. Henry Paper Co.) Reserve for income taxes current year s $1,640,633.58 - 475,000.79 2,334,000.00 50,000.00 1,480.41 2,635.30 23,597.85 35,000.00 15,016.42 Total reserves Capital stock: Preferred Common Total capital stock Surplus: , Acquired surplus as adjusted Earned surplus Aug. 31, 1919 $120,982.07 Add Net income for year ending Aug. 31,1920 745,572.41 $3,000,000.00 175,000.00 196,897.59 77,729.93 3,175,000.00 $866,554.48 Deduct Dividends 7 per cent on preferred stock year 1920 - 210,000.00 656,554.48 Total 853,452.07 $8,605,816.42 $4,980,900.29 $552,541.44 $4,428,358.85 Total property accounts at depreciated values $4,428,358.85 Property suspense accounts Discount on mortgage notes 175,177.82 Total assets . $8,605,816.42 The items marked have since been sold to good advantage and liquidating current liabilities. the proceeds used in THE PARKER YOUNG COMPANY Iloston, Mass., June 23, 1321. e VT!iin;it Investment Corporation, Itoom 1. American I'liiMing, r.rnttlohorn, Vermont. lent lemony v In connection with yonr purchase of .".(MM) shores of Th" I'arker-Young Company 7 per cent preferred stock. nnl shares of common. I lian'l herewith ' .statement of The I'arker-Young Company as of Aug. 111. 1!HI0, as made up from statement prepared by Trice. Waterhouse & Co., Certified Puhlic Accountants. This, you will note, we have maile in detail that yoi ami your cus tom is may readily see the prices at which the different plants are carried on the books of the Com pany. , ( One familiar with the values of similar properties will readilv appreciate th.Tt these values rre very conservative. For instanee. Coats & liurchard Co., public appraisers and engineers of New York and Chicago, completed the appraisal of the IJr.eoin ini and p:ijer plant alwut Icc. L'O, 1!L'0, and their reproductive value was .$.'5.sr.r.Cl..2'. and the estimated so;iih1 value was ?2."!VN .".11. 11. This you will notice in our statement as $7S7,SOS.L'"J. In the writer's opinion the tiniber l.inds, consisting of about 7MMK) acres, operated in connection with this mill, are worth more than the mill. You will notice that these lands are on the statement as ?.S.442.SI. The reason fjr these low lijrnres is that they represent the purchase price years a.o. plus moderate and conserva tive Adjustments. ven using these and all other figures that we consider very conservative, you will note that we have a suipl is after figuring the preferred ni ck at par. of .sN"k?,4."V..07. We also have liberal reserves and we believe large cipiiti's in other items, but it is not our in tention to make any extravagant statements, but t continue to pay our dividends and accumulate a surplus in the future the same as in the past. We shall be very glad to answer imiuiries of your customers, or to assist in any way possible to make plain to the purchasers of this stock just what it represents. v . Yours very truly, (Signed) II. IJ. MOULTOX, . l'resideut. We Offer to the Public 7 Cumulative Preferred Stock of The Parker Young Company (DIVIDENDS PAYABLE QUARTERLY) '.At $87.50 -Per Share' ' '- Yielding 8 VERMONT INVESTMENT CORPORATION, BRATTLEBORO, VERMONT 'Phone 55 American Building LANCY 'ii ill Lokic In That By PERCY L. CROSBY Q by tht McClur Nwpapr Syndicate fSfepfpi i'fi teSfeii?! -; 8