New Britain Herald Newspaper, January 25, 1917, Page 9

. SHORT TERM NOTES | MISSISSIPPI SENT FOR BRITISH LOAN England Borrows Again Through American Syndicate viption for Kingdom of 3 land notes are Great Pritain and Ire- sceured loan convertible goid heing received by nation- wide syindicate at prices of 99.52 and interest for 100,000,000 one-year notes and 90.07 for $150,000,000 two- "The 1d Subser year notes, per cent. In both cases. brtion books will close Janusr , or earficr. This is ish in add the third short-term Brit- loan to bo placed in this market ion to the $500,000,000 Anglo- the first of the Bri S | ns to have a conversion privilege, feature, that attractive to French ican 1t and it s this ,coupled with the higher vield, these notes more investors At the owntion of are convertihle at maturity into 20-year 5 1-2 per cent. Ponds of Great Rritain and Ireland, due Feh. 1, 1937, and not subject to honds are freec from all notes and the honds ave free from all present or future British taxes and are payable cither in New York in United tes gold coin or at the eption of the holder in London at the iixed rate of exchange of $4,865 to tho pour This loun than other issues. the any the holder they time up to will be secured de- posit of securities having a value of at least $300.000,000 calculated on basis of prevailing market prices exchonge rafes. This collateral vosed of two groups. the | value of $150,000,000, | being made up of securities of Amer ican municipalities and corporations including Canadian Pacific rail- way and ations of the Govern- ment of the Dominion of Canada, the coiony of Newfoundland and Cana- dian provincial and approved mur cipal securities. In this group there | I be somewhat over $100,000,000 in.value in United States municipal and corporation securities and Can- adian Pacific railway issue: Group 2 will be composed of obli- gations (ecither waker or guaran- tor) of the fellowing foreign govern- ments: Argentina, Chile, Cuba, Aus- tralia, Fuzypt, Japan, New Zealand nd Union of South nd obli- ations of approved railways in Ar- entina and the Grand Trunk railway of Car and approximately $25 000,000 in value of honds and other obligations .of divigend-paying Brit- ish railway compani Aggregate value of this group will also be $150,- 000,000, < Provision is agreement for Jateral pic ol 120 per cent. of loan outs ing. ernment may sell pledged sccuritie: proceeds of such sale plied to the retirement of notes by purchase, if obtainable at or below the then redemption prices, or other- wise by redemption by lot. " The notes will he subject to re- demption in whole or in part at the option of the British government at a premium of 1 per cent. for each or any part of their unexpired but if so called for redemption hay be converted into 20-year bonds at any time up to the of redemption. The syndicate offering the notes is composed o J. P. Morgan & Co.. who syndicate manager: First National < H National City Harr “or & G0y Brown Bros ‘0.; Wm. A. Read & iCo% ¥ Co.: Kidder, Peatio Higginson & Bo /i1 sel, Kinnicutt & Co. Weld & Co.; anty Trust (‘o. of Wew Yor Bankers Trust Co.: armers Loan & Trust Co.: Central Trust Co. of Illinois; Union Trust Co. Pittsburgh; Continental & Commercial Trust & Savings Bank, ‘hicago: Marine National Bank of 0. and the First & Old Detroit Bank. by and will be cor first having a pledge the col- least made in the maintaining a value of at the amount of the The British gov- for cash any of the in which event the shall be ap- For Stiff Neck Apply Sloan’s Liniment awithour rubbing to the sore leaders and the pain will soon be relieved. For rheumatic aches, neuralgia, gout, lumbago, bruises, strains, sprains and muscle stiffness, have a bottle handy. Quickly penctrates and soothes, cleaner than mussy plasters ox ointments, does not stain the skin. At all druggists, 25c. 50c, and $1.00. - Sloan’s Liniment COA/ILLS PAINY 0.000.000 United | | the state i mone; OUT ON HER MISSION iGreal Battleship Is Third to Bear That Name Newport, News, Va., Jan. 25.—The battleship Mi ippi, which v launched here today, the third an warship to bear that name, ‘retary of the Navy Daniels said, in address at the luncheon given b the builders. It was on the Mississippi that Commodore Perr crossed the Pacific to Japan and opened the commerce of that country to America and the world. “The first Mississippi won great re- nown for both the na itself and the flag it tiew ecretary Daniels said. “Its record was always an inspiration to the second ppi and the third Mississippi, it is needless to say, wil seek to emulate its courage and achievements. “Besides Matthew Galbraith Perry the decks of the old Missisgibpi were tread by another sea fighter who was destined to become a world figure. Lieutenant George Dewey was execu- tive officer of the Mississippi when she helped Farragut to fight his way past the forts below New Orleans and farced the formidable Confederate ram Mana s to Trun aground and then destroyed her with a couple of broadsid “Later the Mississippi ran aground during the bold attack of Fort Hud- son, where she caught fire and finally blew up. Captain Smith. in his re- port, commended Dewey far his cool- ness and gallantry on this occasion.” The second Mississippi rendered her service in time of peace,” con- tinued the secretary. “She was au- thorized in 1903 and was sold to Greece on July 8, 1914, The New Mississippi, Mr, Daniels said, will have ten times the displace- ment of the first Mississippi and her batteries will have ane thousand times the. destructive power of the bat- teries of the old ship. an WANTS BETTING RETURNED. state Racing Body to Pari-Mutucls. . Y.. Jan. 25.—Enactment of legislation to permit race track betting by the pari-mutual system, will be recommended in the report of Racing Commission, which is to be submitted to the legislature today. The commission holds that horse racing and breeding should be encouraged, and says that the pari- mutual method would be of assie ance. This form of betting pro- vides for the selling of choices on the track at auction, the pooling of the and proportionate distribution, The .commission consists of James W. Wadsworth, Genesee; John Sanford, Amsterdam, and Harry K. Xnapp, New York. Recommend HADFIELDS UNABLE TOMAKEU. 5. SHELLS Cannot Obtain Permission irom Minister of Munitions London, Jan. .—The British gov- ernment has refused permission to the Hadflelds, Limited, to proceed with work on the contract for shells for the American nav: 0 long as the cxigencies of war continue.” The announcement is made in the form of an official notice by Dr. Chris- topher Addison, the minister of mu- nitions, in which attention is called to the fact that the entire steel output is under his conrol. Washington, Jan. 25.—Contracts were awarded Hadfields Limited, for $3,141,000 worth of l4-inch and 16- inch armor-piercing shells at about $200 apiece less than the lowest Amer- jcan bid. As these shells are for re- serve ammunition it is possible that no further efforts to let contracts for them will be made pending construc- tion of the government projectile fac- tory already authorized. Secretary Daniels had not received last night official notice that the Brit- ish government had declined to per- mit Hadflelds to fill its contract: “I will wait until I get official an- nouncement,” he said, when asked what alternative presented itself. The secretary pointed out that the department now has available §1,500.- 000 for a government projectile fac- tory. Plans are being completed and it has already been determined to lo- cate the factory with the armor plant, for which a site is still to be selected. It will take about a year to complete it. Secretary Daniels said that the bids from Hadfields had been received on | the distinct understanding that there would be no question of the right to deliver regardless of the war situa- tion in Europe. HOSPITAL CANDY PULL, “Takeiteasy” was the place, seven- thirty the hour when 25 nurses of the New Britain General Hospital Train- ing school gathered for the first party of the New Year. This was a real old fashioned “lasses pull” and while candy was “biling” corn was popped to music furnished by the hospital Victrola. , About 9 o’clock yvou would have found it difficult to find a hap- pier party of young ladies and all were busy ‘“pull-its’. After pulling several pounds of candy, dainty sand- wiches, coffee and delicacies too num- erous to mention were served. All declared it the fete of the season and enthusiastically look forward to the Valentine party to be held only a few winalig Roeea - NEW RRITAIN DAILY HERALD, THURSDAY, JANUARY 25 1917. New Battleship Mississippi Will Be One of the World’s Mightiest Ships The issippi News, launched Jan. hip of the Atlantic Fave for New Mexico. sister The old Idaho were sold to Greece a few yes g0, The Ms Tollows: Length over all, Beam, extreme, 97 Divlacement, 32,000 Horsepower, 32,000. Speed, 21 knots. She will have powerful armament, Mi. 624 feet. United States battleship Miss- at Newport Va., will be even a larger ship than the Pennsylvania, the new fleet. ships the Idaho She sissippi and sippi's dimensions are as feet 214 Draft, 28 feet 6 inches. tons. i the consisting of the following guns 14- Twelve rifies. Twenty-two riflex. FFour inch inch breechloading breechloading Four submerged torpedo tubes. The fourteen inch gun ed in four turrets, three ret. The weight of is approximately broadside amount of is 4,800 powder metal 17.000 used pounds. The ship will be driven ropellers, one on each of four i boilers of standara type will sh steam for the six main turbines. These turbines are of the Curtis type, and four of the six weigh are mount- in each thrown at | broadside of the twelve 14-inch pound n by approxl- tar- | | mately 160 tons each. In.the build- ing of these turbines approximately Dalf a million packing pieces ar parately installed one at a tim These blades, if placed end io end would cover thirty-eight and a haif miiles, The only fuel on hoard ship will be oil. No coal will be burned. This pattleship, if it could be trans- ported to a city street, would wcover more than three blocks, filling the thoroughfare completely from side 10 de to the roofs of five story build- ings, with the military masts towing 100 feet still farther in the air, or if stood on end alongside the Washing- {en monument with stern on the ground the bhow would tower sixty- nine feet above the top of that monu- I Ty i i filk i { el | == S Il TR il A PRI i today selling at $825 ¥. O. B. a live wire dealer to represent TELEPHONE 2894-1 ST ——————— With its wonderful six cylinder Without a doubt this is the best automobile value on the market factory, The Grant Six is not represented in this territory and we want The Grant Six Motor Car overhead valve motor. use here. For further particulars, 'phone, write, or call W. S. ATTA, Distributor WATERBURY, CON: COLGATE SEVEN TRIUMPE Defeats Army Hockey of 5 to West Point, N. Y., Rink, newly constructed of the big gymn —Stuart in the rear ium, was the scene of a fast and well played hockey game yesterday afternoon, during which Colgate vanquished the Army, 6 to 2. It was the first defeat of the season for the cadets. Colgate's will play Yale at New Haven Watkins and Haves, football played well for the up-staters. | The score at half time was 2 to 2. The Army tired in the second period and missed three ea shots at short range. House and Sarcka skated well for the local team. CILOSE CALL FOR CARTER. Wing Twenty Hole Match to Reach Scemi-finals, Belleair Heights, Fla., Jan. Play ha® narrowed down to the seml- final stage.in the golf tournaments at the Belleair Country club, Ira Holden, the Ohio State champion: C. J. Win- Minnekahda sau, and S. J. Philip Carter, Nal Graham, Greenwig are left for the two matches in i championship flight today. Carti had a narrow squeak this morning his match with Irving Robeson Rochester. Carter was 2 up at t turn and 4 up when twelve holes h been played, but then lost four hol in succession to make the mats square again. Carter should had won at the nineteenth hole, but played his second shot badly. ton, POSTPONED FEDERAL SUIT. Trial Is Set for April Term District Court. Philadelphia, Jan. 25.—By ment of caunsel the trial of the $90 000 damage suit of the Baltime Federal League baseball club again the National and American leagul and certain clubs and individuals vesterday put over until the term of the United ' States Dist court, where the action was begun March, The trial had been tentatively for February 13. Notice how many more of your friends . are smoking Murad every day? Same thing is happening everywhere. Why? Because every man who tries Murad continues to smoke Murad. The greatest enjoyment value in cigarette history is Murad. U ll ! T ST il M You can't stop the daily increase in popularity of Murad, The Turkish Cigarette. ; 1112 ¥} LI