Evening Star Newspaper, August 29, 1924, Page 11

THE EVENING STAR. WASHINGTON, D. C., FRIDAY, AUGUST 29, 1924 $1,000,000,000 RAILROAD MERGER |53tk do s Svenmton |16 1858 referred o the nrovosed con- | BIGGER AUTOMOBILE FARMERS’ M[]N[Y WORLD’S BEST GRAIN |imoms mreammt,, o, by Zamedee They planned a downtown terminus|tering prospects, brilliant possibil- 000 in New York. The new elgvghor OF VAN SWERINGENS COMPLETED | iy, ii:ir, v, Sinsmonasen tns | es of rade sod siceses cmeacter)— QUTPYUT INDICATED PLANT IN BALTIMORE | " s%isiios™ 'ty for, Belimere v of its financial backing, Hlate Fght-of-way. They learned |ing the projected line as the “Nickel S MEw wlantis 1$10,000/080 the Nickel Plate was acquiring land ) Plated” railr vhich by repetition P L s Pere Marquette Board In- >, ) Y ouhe 52-Mile Lise, Chicago Reserve Bank Reports Storage and Fandling Capacity| EXTRA DIVIDIND VOTED. dorses Consolidation ; 3 So they bought the Nickel Plate,| ~ CONSOLIDATED IN 1800. Upturn in Trend—New ok e Passes New York—Oosts NEW YORK. Ausust 29.—Directors a 523-mile line operating between £0.500.000 of the Mathieson Alkali Works yester- . . . ] | Bufralo and Chicago. : B. & 0. X . day declared an extra dividend pof With Four Lines. Seven Veurs et tiey enginecred | Pore Marquette Formed by Merger Export Record. Products on Closest Parity 10000 15 pur cunt on (e preferred stohk, a merger that gave the railroa e clearing up accumulation of this is- o world as great a surprise as when of Four Systems. By the Assoclated Press. i i Special Dispatch to The Star. P regular quarterly payment 16,000 Miles in Group to they 'bought the Nickel 'Elate, &ndijy, ;s seciated P "CHICAGO, August 29.—An upturn With Factory Goods in 47 BALTIMORE, August 20.—Comple- 3% per cent on the preferred > added railroading to their real estate sy it in the trend of automobile production tion of the new Baltimore and Ohio | shares also was voted. o operations. This was in 1923 when [ DETROIT, Mich, August 20.—The |8 (A7 Crend of Automonie PIoC CiCr Months Report Shows. grain elevator, at Locust Point, in Be Known as Nickel 4 they combined the Lake Erie and |Sonsolidation which formed the Pere | Y25 ‘ndleated in July (0 COCCRST '0 ? time to handle the Western grain Western, and the Toledo, St. Louis | Marauette Railway system, as it is|the #easonal decline e Plate System. | 3 : et WCionoiedo, Bt Louls |y nown today, came in 1900, when the | InE the period in past years, accord crop which passes through this por § : L S Svate o = L > ing to the monthly business condi- | The financial position of farmers as| Will bring Baltimore's grain storage 7 with the Nickel Plate, making a :ix‘o‘t‘!inst}:; (l‘l;’:;r:gl;n;n.:jndwxv:'re“?{;x;- tions Teport of the Federal Heserve | measared by the sechangs. value of |and handling capacity above that of Byt iksmociatEORRS: e . n{\:\l}v&ml:’no‘,o r(i:‘:r"(k“dlgfi Wi 1‘“;:;.: Ein. N Dotrolt Grana ll-x‘nid‘» ana | Bank of Chicago. their products for non-agricultural|New York by a considerable margin. = 5 Wholesale distribution of pas- | commodities is gradually working to- | Alo the new elevator, which will re- NEW YORK. August 29.—An of- e and_Peoria trrnand the Lake Brie and De- | . cor cars during July by eIEht | ward a pre-war marity. accarding o | Place elevators B and C. which were New Branch YOU'LL SET fieial statement giving all the terms * g While this consolidation was under :" t River Railroads (the last a Cana- | 0 s in the Middle West was||ho agriculturalists revicw juat issued |Durned during the Summer of 1 Store L BETTER and details of the proposed $1,000,- 8 ¥ way, the Van Sweringen brothers oh- | dilh system) were joined | iarger than in June, while the mo by the Department of Agriculture. will be the fastest and most efficient L B 000,000 merging of the Nickel Plate 3 4 tained control of the Chesapeake and | Th four ryste were formed | it of cars into consumers hands| Ay a result of the recent rise in|&rain-handling plant in the world. | i i et system with four other railroads into |} Ohio, the greatest carrier of bitumi- K\(r.m.“r-""f:.:{',"“. .;y.- gers n!\.nlf\ n\n‘»q_h!ll continued at a lesser volume than in | grajn prices and the fall in prices of | Its capacity for an eight-hour day | OPPOSITE with glasses one large system is expected to be 3 © 3 nnu: rmi l;um 1;; subsidiary [ [l “‘)"m-”‘)"";:;d';‘;*l‘x <'r:"‘>" AMERT the preceding month and year, thelyon agricultural products, the com-|is 256 carloads, and for a ten-hour FRANKLIN 8Q. Fiff‘l;;‘?\l:_ ssue da 3 ot O. P. > Hocking cy, adding 2 e gan, Ontario a ndiana epOrt Says. b ange e day 35 ads. Storage space is pro- . - EREHE asued foday on behalf of O. P. and | 4 i & stem andl Brov A et nter 3l the eTose (oL the 505 & come | Sonons 82 rted trom the|Pined exchange value of 16 leading|day 350 carloads. Storage space is pr C Optical C 1304 G 8t M. J- van Sweringen of Cleveland, ets at Newport News and Nor. |pany of Michigan business men was | gojutomobiles exported from ihe!farm products for the former class of | vided for 2,300,000 busheis of grain. Bal- | laflin Optical Co. (.t3'¢,6. Hiax. who engincered the merger. - i ” % outlets at Newport Ne d Nor- | pany A a siness m as| ynited States. durlng o ticat six || LS RIOANS ne T class of | vi L £ C 1t will be the second major con- AR folk. The consolidated company also | formed to build a railroad to be | o = 80 COTEE LIy over a tiesion Augustiinad 2 in : A 5 ; 2 g dex rating of 83, taking the 1913 base solidation under the transportation obtained a half interest in the Detroit | known as the Flint and Pere Mar-|year ago and established a record of | 5% fotn® 00 7% tEIRE the 1008 X the | o act in 1920. The issuance of this and Toledo Shore Line railway, aduette Railroad Company. The cor-|combined exports of passenger cars i 7 Chevy Chase A B hhl statement, it was pointed out, was freight carrier betwecn Detroit and | poration failed in the financial crisi# | ng trucks. BielisUpolnt res e e o y ] eau made possible by the action taken by Toledo. ot lswu & S O Ty TR M T TN Interest in Corn and Hogs. The Place for Your Home! directors of the Pere Marquette Rail- System of 4,000 Miles. AW ConolUtica; 3 4 Discussing the general agricultural D t h d H a5 1 opraniE e teme ot the : e Fient Section tn 180%. SEABOARD AIR LINE’S QUINTER, THOMAS & CO. eétached riome outl [ = merger at a special meeting yester- 0ok in this country, the depart B £ . . ?{‘exnlnn:,:;u;;“;t(;t.{;\;filrmx;::;llaifilxj The firat section of the road, from EARNINGS SHOW GAINS [ment called attentionthat interest Main 8416 | Saul’s Addition ¥ 3 s as Saginaw to Mount Morris, a distance now is beginning to center on corn n:’;\ew]:;;‘1,—?‘};:?:‘;'_“,1:‘}; .‘:"..,‘,fi'}[(,r:_r total '3";'}“""’““‘ of about a half|,r 6] miles, was opened January Special Dispatch to The Star. and hogs. . bination to take official action on the ""]"""‘ D e geq | 1862 Work progressed and the lin BALTIMORE, August 29.—Seaboard| “Despite increased corn acreage this Large, light cellar; hot-water proposed consolidation. In addition : e e man'.lu“,'}‘?:‘, %4 | was completed from Flint to Luding- | Aair Line railway's earnings continue to | year,” the review said, “weather con- {| neat: instantancous’ Pittsburg ¢ the rconsollaataa " thein s I’a . minal) pla Lol ton, 170 m in 1874, providing the | <how a gain, and gross operating rev- | ditions have cut the rospective crop UNDER UNITED STATES heater. Coal bin separata from e SalonD. he Ho . for steam and clectrie roads, which [ (%, io% VoL T ey The bommy | ceedme both July Tast year and Jane | ahould there be.an. carty frost . seri: ¢ e St ey the Chesapea nd Ohio. the Hock- o - ads, isportation agency he company | ceed i y last year and 5 s eri- K rom cellar. Servants’ toilet and ing Val ‘\n‘m e Pere A“.:,.(,.,,‘m_k ¥ ""l“h.j»‘l’;‘r":’y“:’r:‘:;‘;“”{j “"')'{\ - Iso y d .the Port Huron and |this year. i s shortage of corn will result. A GOVERNMENT 2 ! e Railroad, serving the - July surply however, ~was | short corn crop means high corn prices, “loor—Reception hall, enerally Known, :" I"""'lxn’:v ":"r”'(':, :")“"r‘l:“"' 0 district of Michigan 2, under last year, totaling $145,- | and inasmuch as approximately 85 per SUPERVISION dining room, it expected to be is- gasier Olilo; ol 3 - Chicago and West 3 : . axainst $155,285 for the same month | cent of the corn crop is fed to live T - S AT e s on £the Van Swerin: o enta. The family moved to Geneva e | BBt mas slieriY arcad oo the e el iR osE N T e Specialized Service ihen Lnisce slnimemimon a R 00d, will vary 4 a0, the st er® 4he | 1869 to construct a road from New Buf- | surplus for Junc, which aggregated | production will result. in ice box—large kitchen porch, » concern received a common school edu-| 56 5 the Indiana line northward |$142.115. e e S R itk SR to B i cation, and, after completing the « s e aid to bedroom, sl z porch, bath- g n’».- se mlloflr g tem, 3 Rty gr_"(‘h_f‘ wont to work, When | 810n%_the east shore of Lake Michi-| Actual loads moved during the third | en along in its periodic liquidation, room with shower, large cement sued throu J. P. Morg, “o. e ¥ o the family moved to Cleveland they | 52 The road, started at St. Joseph, |weck in August totaled 32,136, against|with prices beginning to rise, and any Army, Navy and Civilian ||| =om boren o few weeks ago. The latter revealed purchased a newspaper route. was completed to New Buffalo Febru- {30,975 last year, 2 gain of 3.8 per cent.|rurener liquidation of breeding stock . Second Floor — Three large the amount of new stock the holders ok a news 3 ary 2, 1870 It was extended north to | Cotton and phosphates were among | pacaise of expensive corn is expected Depontou BeAEConTs It OIoeE s STt DInE ©f the respective roads included in the s | Studicd at Home. Grand Junction by February 28, 1871, | the main items of freight lately show- | ¢o%eerd 00 TRCBEING O 12, CXBERE : S e merger would receive in exchange for They improved their cducation by and to Pentwater January 1, 1872, on |ing an improvement ~over the 1923 | points during the coming year. Industrial Loans Toome bithroeniball Cinttub? their shares. It was stated yesterday s P - home studies, and, with an aptitude | Which date the Holland-Grand Rapids | period. g o : Slate roof. Garage. at the machinery would be set in MoperziOHP. VANISWERINGRN. | o s amila i ing ror & oai branch was also completed. By July P wnoton: looks kel the ::,Igf,:;( il Checking Accounts | Siste oot i aiotion within the next few to Lower: WL J. VAN SW tate, saw an opportunity to obtain |21, 1 the Muskegon-Big Rapids line 5 DIEE = g 2 ! g st ARI TTE Potat a fruit eported on the £ Eet the wpproval of the stockhorders control of . property . on . Shaker | was open. MARINE DOING BETTER. | Potatoes and fruit are reported on the 4% Savings Accounts 1303 Decatur St. and the Interstate Commerce Commis- Heights, owned by a Buffalo syndi- NEW YORK, August 29.—Heavy| " sion for the merger, which is volun. | x 3 . . : . but mot successfully marketed SheE¢Liines Meried. transatlantic travel and reduced ||V E00Q prices There s plenty of|§ penking Houwrs: 8:30 o5 M. ||| Open 10 am. to 9 p.m. Y on the part of the respective|as compared with the aggre par | proved successful as real estate | The development of the group of | operating costs enabled the Interna- S { Value of the stock of the constituent “smen and went into the business | short lines, to be known, successively, | tional Mercantile Marine Company |id vield practically everywhere. Land |§ THE DEPARTMENTAL BANK E. W. Snoots, i ¢ being fitted for sowing of fall The meeting of the directors of the ds formerly outstanding for themsel The building of |after their merger previous to 1900 as | to increase earnings in the first haif 1S Now being fitted : Marquette Railway. Company | “Supported by powerful banking | Shaker Heiehts, with 1%0 and 130 foot | the Detroit. Lansing and Lake Michi- | of the vear about $1,800,000 over the [ Wheat with some sentiment reported 1714 Pennsylvania Ave. N.W. v lasted about one hour. Vir ts. including J. P. Morgan & | stre 0 acres of parks, golf and |gan, the Detroit, Lansing and North- | corresponding period of 1923, 1 2avor & every director attended, ’ & B ational Bank of | other tures, fine homes and the |ern and the Detroit, Grand Rapids id there was not a s =- | Ne . y orge o | new r: ansit line followed. and Western, was similar to that of on the terms offered by & , O e Co T eancaallihe oo mol peevicisty (oailined e lin o NariS anie : to disp { the Nickel Plate road|The prin Points it served were 0IL REVE{TUES( I:OV{ER r | . s o e e 7 S etro Sk & Ran i Py Augus — Net profi MRl kiD 000 ITE St : (N it i ecause of the act relating to parallel | Detroit, Lansing nd Rapids, lona, 15U D > s in obtain consent of stockho! nd competing lines. The opportunity | Big Rapids and Greenville, of 'an-American Petroleum and SLibunsalon The action of the Pere Marquette W 5 > onl -{to accomplish their terminal and| Under authority of an act passed|Tr? z N for the first | K directors closely follows similar . 3 " “rms expressed rapid transit plans, as well as to de- | Jyly 10, 1899, the Lake Erie and De- | half a24 dropped to $7.48 APRONS tion by the Erie and provides for has ben minority interests | Veloping the Nickel Plate property |troit River Railroad took over the | €au: s @ share on the ¢ vstem with a total ¢ [ o \f 3 - o 3: a 1 i ompared with $14.2, g the Chesapeake and Ohio, but they | {tS¢1f. led the Van Sweringens to|jine running from Sarania, opposite | Mon K, com & inding sidings, of S | hate taben s i oo s TS | purchaxe it ccondipe 1o thelr as- | pusk Bian 7o Rondees. o Lans il |00, or 57 o share, in the firsC six | ] A\ 69C it e eere | project B Other lines which earlier went to mide | months of 192 ¥reater syvstem will extend 3 mile & e = H Both Brothers Bachelors. up the 1 2 . system e 3 Fuil cut, Women's dfifo Can) I oot Unitsistockhslaces: | The who are bachelors, | the Lake -, Essex and Detroit River, s trimmed step. gingham “r percale Last year the Swerin i own, chairman of the b S, low 8 pro rry on their enterprises as partners |and the Amherstburg, Lake Shore and | roads in 1904 for use of facilities in the | &5 in white, pe solidated e Niehel Plate, Toivdo, st | Waruuette ‘railas, attor the et ST (RGLE Shurriies s parners | Kl fTato Nuara St diiric ' ~ 1316 to 1326 7th St. N.W. i fsimnce b arer (Qvee 1 et Soand asuedith; voided publicity in their deal- | After the consolidatios 400 sev-| The extensive marine department of | § o and Western, shortly aft- L | et Sciminng conintof e - The megoiations with e, an|SE% 35,505, & Pommile Ther oo exteasions were o Bl mes et Rae Sapmen) ‘The Climax in Value-Giving in This Clean-Up Sale of | Owner and Builder nd its subsi- | T b ndini over sev . Ting to live quietly New ffalo to Porter, Ind., and {1882 by the F. & P. M. across Lake rv. the Hocking eks have been successtully termi- | How the Nickel Plate system got its | a h other toads where- | Michigan to avoid the erowded ter- This new avs has the shortest Al the parties th nie | : ; L e e is the sh L all arties. the aving [name is reported to have been 5 Marquet d wccess | minals in Chic 7 route between Buffalo and Chicago, to an ; o - ° 5 agreement. The board |through a suggestion by the editor ) in 1903 and : ent rvice wa n b n Muskegon | = , South of Lz e, and thrusts its directors Pere Ma u--u-»’ 1k. Ohio. Chronicle, who, | wit Canadian d the | and Milwa kee by the C. & W. M. and| laterals into h productive ¢ ompany at eting toflay ratic | issue of his paper on April ork Central and Hudson River [ was continued until 190 S L & tory as Ohio. a. Michizan, Ken- | fied ¢ and deposit agree- k< < tucky and W nia m finall, m»mm.vll B g o N e e |00 e O 0 A At & News, Norfolk, Rich rleston it to the Pere Marquette share- | W. Va., Louisville, K i . olders ria, 111 Louis. Detroit, sland, Tt Rothester. poors BEGAN AS POOR BOYS. town, Akron, Cincinnati, 1 = dusk Dayton Irid polis, Wayne, Ind., and rimportant points. cess in Real Estate. Penetrates Rich Area. ated Press The consolidated lines traverse > "ELAND. Ohio, highly developed inland industrisl . d M territory, bituminous mining sections, operat and connects at its western gatewayvs went in fo with 30 important railways. Through | ro: 1916, by acquiring control these gateways come a great buik of | of the Nickel Plate road. They had 4 ¥ 3 Sold to $50 Van Sweringens Made First Suc-| flour, wmrain, lumber, cattle, ho, aressed meats and other commodi- thee into : : 3 $ ; d Bl It’s a real clean-up sale of fine woolen suitings, and ncarly Associates of the Van Sweringens two brothers had devel- forecast _plans of conservative capls | oped a larke. caers had : 3 all are just the kind for Fall wear. W orsteds, cassimicres, talization the unified trol of the lines ] S n emhalen i : 3 R X \ s ; > A tweeds, cheviots, etc., are here in all the wanted shades, and square miles, | ca 3 nt out that th zation in their pr olidal : ne gl00s attractive| e XX = 5 : } the styles and patterns are for the snappy and conservative solid: ; velopment required p S dresser. All in all it's Washington’s greatest clothing values, and your inspection will prove that our assertion is correct. = P ; 4 Sizes 33 to 46. Closed All Day Monday N ; : : No Charge for Alterations = | e 9 9 | : : ‘ Men’s Fall Topcoats Men’s New Fall Hats | ¥ Snappy toproats and Real fine felt hats in ' 3 everyone rainproof, made 50 every conceiyable shade $ : , 4 - / ) up with that ewagger e c and shapé, including Again, Butler’s ushers in the new season ;9% a men. Tab. powder blac: many fine sample hats gray, etc., in sizes 34 to on sale special at $2.85. 8th and Penna Ave. NW. | with the finest showing of advance Fall () T Styles in the city, all priced remarkably s k Women's New Fall Advance Sale of Open All Day ] P e p‘:;;;ps School Shoes for Boys & Glls LADIES’ N , i Saturday | § He 3= | &4 §1% For Our Final L SUITS & ‘ g R e i e S ) * Misses' and Children's Tan Hich Lace Schant g DL P ciored scdes: ) Shoes, all leather, spriig a1d low ru b.r Recls , MILLINERY|” g | SR 5 ‘ Fiber-Silk $9.59 Fnll-l-‘ash’d.98 sanee . mw § : : Velvet Hats || swearers SILK HOSEJOC Sport Coats...........$2098 $10.00 ' Dress Up The Children NeS‘pvecwl for the Holiday gt Bl st o || admns ki Silk Dresses. ... .. .$29.98 $14.98 GIRFI_;r i BOYS® Spend the Labor Day $1.69 . Sl estate con .mwMM‘ Y] Voiles................ $750, $1.98 FALL DRESSES TwWO.PANTS SUITS R 38 Fancy 106 Ealggfim 14¢ stylish new Fall hats. Full pieces, 39 inches wide weaver 81 erk ten High-Grade Voiles .....51498 $6.98 S e that, wil give loug ser: $77.98 - il ment for school wear $4.98 ing and the price is 1n the Season's newest colors | | miese: perfect gopde Glove Silk Hose. . sesleren IS 1IOR) $1.00 especially priced ... uwp vice. Sturdy models. very economical. and patterns. Tast colors. Waists and Overblouses of TOMORROW IS THE LAST DAY OF OUR < $ 1 0 FALL DRESSES Georgettes and Crepe de Chines . ..........$698 $1.98 : White Satin Skirts. . . ... .$5.98 $1.98 U@US S iJ Just in Time for Labor Day l,’ Cotton and Voile Waists, $1.98 69c v ' = $ leve givi lous! SportDresses..........52498 $10.00 Take advantage of the wonderful saving of from 20% B o B e i Odds and Ends to 40% as compared with later season prices! Five 9 Fall dresses, and the response will Dollars is all you need to MWG any ga-ment until B be hearty. Take one or two on wanted. Free storage! Come! B vour Labor Day outing to complete Jane Vogue - g “ g thg v'f'ardrobe! Velvet Hats REG. APPLIED FOR Satin Face Canton Flat Silk Crepe color; latest F 1 : =l Glos Silk Halkord . Canton Crepe crea tlo: s i = Justiaibew D.:.? o;mnm Aves 311 7&1 St- N.w. = ] Ha'rb‘nlc Poplin Striped Serge Georgette & Lace All-Wonl Crepc =T ———— e o RO > Every shape and