New Britain Herald Newspaper, February 28, 1920, Page 11

' Bathrobe Sale T CAGH % THE GREATEST WARKRIOR AND (7 o= ACEMAKE R 1N THE \\ \WokrL D I you want to make peace between yourself and a critical world you caw't do it by pin- ning ten dollar bills to a shab- by suit. Tt isn’t the cash itself that is going to impress the folks whose friendship you prize. Dress yourself in a manuner that will prove your politencss and give your vigor a chance to whip into shap your well- laid plans, The Farrell Clothing Co. 271 MAIN ST. LOCAL STOCK MARKET QUOTED “hter & Co., Eddy, Mgr.) Hartford Southern American American Hosi e American Hardwire Ame Ihver Billigss & Spences 3ristol B Colt's Bigle Loc Landers. com Stanley ey anley ug. & Unjon A Works Hine To - R, CLEARING HOUSE REPORT. New York, Feb. —The Nork Clearing House statement today gives exchanges as $375, 4 'biilances as $76.105.173 Officers Are Chosen At Machine Co. Annual W OfMcers 4f the tere ve clected and nnual meeting transa the ny. - B cted yes- afterncon by Mack con are: President, 12 dent. Mortimer Hevbert HL istant t Abram } Robert Brown: assi - v. Iferbert E. Brwin: officers and P, Hare. .\. foper Varker and J 0B ain ne The officers tt; vice-pres treasure Poase Goss, « ha { €Y PROPE { A\ iir: of unknown origin did about /4100 damage last night in a room in ghe tenement house on Washington Place. owned by the eity. A family ®ecently moved into the place but did @t occupy the room wghere the fire RKusted owing to its condition. Mem- hers of the household were unable to fgive any explanation as to how (he ‘Waze started. Engine Company N i called by Inguish the blaze anl, ¥ business still" alarm to (\»~ e L ——— FINANCIAL dusssirilill WALL STREET STOCK EXCHANGE REPORTS Wall Street—The week-end session the stock market was listiess aud P i i | or | uncertain, rails furfishing almost the cleraent of activity and strength. Iiven in that quarter hesitation was sh investment shares. Low priced issues of thé eastern and south- western divisions, coalers and cot- { ton carriers mounted to new high ! prices far the current movement, but { early gains of 1 to 2 duced later. Oils and moters moved within narrow bounds, but steels and eqyuipments inclined moderately down- ward. The clos lar. Sales approximated 400,000 shares. Liberty bonds and Victory notes reflected fur- ther pressure. only swin by points were re- New York tions. - furn members 1 Stock hed iy the Exchange quotfa- Richter & Co., of New York Stock . 28, 1920, Low Close 38 38 403: 40 12635 12 a1 91 60 60 Alils-Chalmers Mfg 3 Am Can ... Am Car & Fay Am Loco ... Am elt & R Am Rer* com ! Am Sum Tob Am-E &Aoo Am Woolen Anaconda Cop At Gulit & W I Baldwin Loco L& Sy Sug B R { Can Cen 1 Iy Ches & Ohio Chi Mil & St Chi Rock 1 & Cons Gas Corn P’rod R Gri e Steel Cuba Cane § e Pac P P Gie Gen Motors Goodrich ! Insniration Cop Interboro Con New Copper t Stecl } Midvale St | Missouri Ny [l 12 : { & West rn Pac : | Pan Am P& T ... IPenn 1 i Pittsin ir Oi! Ref T Pac Southern Ry i Studebaker Texas Co { Tobacco Pr { Union Pac United Retail | U S Indus Alco | T S Rubber Co 11155 ecl { Utah Copper { Va Car Chem Overland Conquers Want”’ TRA DOLLAR.” so in your case. Many men when the wolf is at the door wish they had saved that “EX- Protect yourself by starting at once a Savings Account with Do not let this be THE GOMMERCIAL TRUST COMPANY § X NEW BRITAIN,CONN. NEW BRITAIN DAILY HERALD, SATURDAY, FEBRUARY 28, 1920. [FALLS 5 MILES AND | LIVES T0 TELL OF 1! Maj. Schroeder Alsofl Makes Newi Altitude Record Dayion, Feb. An airplane car- rying Major R. W. Schroeder, chief test pilot at~McCook Ficld, yesterday fell more than five miles, after reach- ing an altitude of 36,020 feet, raid to be 5,202 feet higher than the world's record. Today the major is in suffering from shock and temporary partial blindness. Irstruments on ¢ the mochine indicate that it fell more than five miles in two minutes. While ill 2,000 feet above the ground the rplane righted itsclf and glided to a. graceful landing. When the plane settled. attendants who rushed toward it found Major Schroeder sitting erect in the ma- chine, apparently lifeless. For a brief time, residents of Dayton were sure a comet had apipecred in the sky. They had mistaken the trai) of vapor escaoing from tie machine as it sped downward tfor a ‘stranger in the hzavens.” Thousands of persons gazed rard watching the plane, which had ascended two hours before the plinge downward, ¥yes Were Frozen Shut. AMajor whea height a hospital Schrocder Jost consciousness his machine had reached a recorded by instruments as 26,020, or 20 fe higher than the world’s record established by Roland Rohlfs lust summer, T senses numbed and his frozen shut in 2 have been €7 Schroeder regained par ness when 2,000 feet above the earth in time to r machine and pre- «shing to the ground, eves temperature said to out of control. The {housands of spectators were re at the time that they were a “drama of the skj E speck of black silhouetted azainst the blue, to which was at- tached a “tale” of grayish color. Gradualiy the object was enlarged as it hurtled to the earth. When but a few thousand feet above them, those watching szw that it was an airplane, turning in a tail spin. Tt was at th peint that Major Schrocder r ned control of his plane and headed it to- ward MeCook [ield. Here Major Schroeder nade a safe landing and collapsed. Oxygen Supply Gave Out. He was blinded and his limbs were numb, despite the electrically heated suit, in which he was encased. He was suffering from the effects of a lack of oxvgen. Wnen, nearly seven miles from the earth, his oxygen ianks became exhausted. and it was this which robbed him of conscious- ness and caused him (o fal Mechanics and officers at McCook Field lifte@ Major Schroeder from the plane and he was given “first aid | treafment, and later veing removed | to the hospital, where it wa i hlindness will be only temporary. will be several cays before he wiill be able to use his eyves. according to Dr. Howard V. Dutrow, an eyve spe- | cialist. called 1nto consultation. The instrumecnts on his machine rvecorded the best story of (he experi- ences of the aviator in beat, the record of TRol and bring first honors to 1 forces of the United States army, The thermometer registered a te of 35 degrees below zero le. or 67 degrees below zero nheit. Altityde fizures from the barograph reading indicated w Teight of 37,000 feet, «nd when cali- brated by Capt. Harvison W. Flick- inger, showed@ an_official altitude of 36,020 fret a new world's record and { o variation of l€ss than 1,000 feet. Rezched 36,020-Foot Altitude. The mark set by Major Schroeder | again gives him the record which Roland Rohlfs won from him July 30. 1919, with an official altitude of 9,300 feet and later increased in a second flight to 51,000 feet. It also breaks the record of Adjutant Casale, pilot, who was credited with 1 record of 33.137 feet oeder’s tirst altitude rce- was ade at Dayton. Sept 18, when he flew a Bristol fighting ne to an altitude of 28.900 ord 1918 Leating the field this mornin tled for two xinst c nging » currents and in bitter ceold tmosphere until he reached an altitude of 20 fect. Riding alone, almost seven miles | above the carth in a polar climatc and azai wind which Peary en- t cou t t blows alwayvs at 100 miles an hour or more, Major Schroc- nt foot foot to drive his her. or the fiel len 1into a at minutes Ly d say his muchine tail spin, : i lansed fess and vighted it. af of more than five miles Air Crushed Gasx The sudden <¢ha from less than t feet to 14.7 pounds az crushed the gasoline tanks on plane and caused them to collapse, besides jolting Major Schrocder to his senses. Modern unthougit of Major inventions e not only voyage POss 1 to return { accurate scientific record o | to substantiate his verbal cl | machine was equipped with | supercharger and was the same | used Aug. ‘2, 1019, when he I the world's speéd record for h | titude by ilying 137 miles an hour height 18,400 feet. The Aoss suy - is a i composed ¢ and cen- compyressor. The turbine power from the red hot| from the Liberty mo- The power senerated by the used operate thy to cen THE $400,000 A. C. GILBERT COM New Haven, Conn. 8 p. c. Cumulative Preferred Stock Free From Present Normal Federal Income Tax and Connecticut Property Tax Preferred as to dividends and assets. BUSINESS— ASSETS— EARNINGS— SINKING FUND— PREFERRED DIVIDEND RESERVE FUND— VOTING POWER MORTGAGE— AUDIT— AMENDMENT OF PRO- VISIONS— PURPOSE— Par Value $100 Per Share Dividends Payable Quarterly; March 1st. Callable as a whole or in part for Sinking Fund at $115 per share. Entitled to $115 per share on dissolution. The A. C. Gilbert Company commenced business, in 1910, manufacturing educational toys. In its first year the total sales were $37,000. Last year it had become the greatest toy manufac- turing business in America, if not in the world, with sales of over $1,700,000 in 1919. One of its first products was Erector, a steel construction toy. Then wireless and electrical outfits, chemistry sets, telephone and telegraph outfits, toy motors, aeroplanes, etc., were added to the Gilbert line. A small electric fan—the “Polar Cub”—is also manufactured and the com- pany has orders on its books now for over $500,000 of these fans. The profit from the man- ufacture of this article alone, it is expected, will more than pay the dividend and sinking fund requirement on the issue of preferred stock, without taking into account the very profitable toy business. These Gilbert toys retail at prices ranging from $2 to $75 and are bought by people all over the world, who consider the price not a payment for a toy but a payment for the education of their children. As an indication of the growth of the Company from the standpoint of earnings, the yearly sales have been as follows: 1911 $ 37,272.66 1914 $ 374,626.46° 1917 1912 59,610.42 1915 831,049.78 1918 1913 141,736.09 1916 1,182,236.20 1919 $ 771,802.11 1,053,843.47 1,710,086.23 Upon completion of the present financing, NET QUICK ASSETS will be approximately $180 per-share and the TOTAL NET ASSETS approximately $235 per share of this preferred stock. The company does not include as an asset anything for good will, although it has spent hun- dreds of thousands of dollars in advertising. Net profit for the past five years applicable to the preferred stock dividend were equivalent to approximately two and one-half times the requirement and for 1919 about three and one-half times. 5°c of the par value of the largest amount of preferred stock at any time outstanding to be pur- chased or redeemed by the company annually at not exceeding $115 per share. Stock to be retired and cancelled. 20 of the net profits of the Company shall b(g set aside until a fund is formed equivalent to 16<c of the outstanding preferred stock. Preferred dividends to be paid from this fund in any years in which the dividend is not earned and the fund to be rebuilt to 169 before dividend on any other class of stock may be paid. If by July Ist of any year the sinking fund requirements for the preceding year and years and all other provisions relating to this preferred stock have not been complied with, the preferred stock assumes sole and exclusive voting power and retains it until all provisions have been complied with. No mortgage or lien can be placed upon the property of the Company without the consent of two-thirds of the preferred stock. There shall be an annual audit of the affairs of the Company by a report of the operations®of the Company shall be mailed each year holder. certified to accountant, each preferred and stock- [ The provisions protecting this preferred stock are an amendment to the charter of the Com- pany and can be changed in the future with, and only with, the consent of three-quarters of the preferred stock at the time outstanding, but in no event can the rate of dividends be re- duced, or the preference in dividends, or in liquidation, or the right to accumulation of divi- dends, be curtailed or destroyed, or the "provisions for retirement, sinking fund and proper dividend reserve be altered without the consent of all such outstanding preferred stock. The money derived from the issue c of this preferred stock will be used to increase the work- ing capital of the Company. We have complete data on file in our office which we will be pleased to submit upon request. Legal proceedings regarding this issue have been under the supervision of Messrs. Alling. Webb & Morehouse and Messrs. Bristol & White of New Haven, Conn. 3 We offer this stock, subject to allotraent, when, as, and if issued, at $100 per Share and accured dividend, yeilding 8 p. c. Richter & Co. 31 West Main Street, New Brtain. about and to the as trit oo 1 air compressor volutions par minut so comprossed is fed at the same pressure ca level. ihe Liberty cpower, air is N 100 motor even Heaters in ocder Clothes, was dre Polar explorer who He literally exible electric hea suit was lined with Chinese Nuchwang dogs the fur and out electric heat units, covercd wires with the d of the engine, heated the fort in ever wr His Ay far of belween 1lexibi mo set ke in a1 nanner aloves and moccasins delivered though at ters. lining, connected SPECIAL CIRCULAR UPON REQUEST Judd & Co. National Bank Building, New Britain. Frisbie & Co. National Bank Building. New Britain. oeder his pwn design. Harrison W, Flickinger, chief calibration oificer of McCook Field, id M:ujor Scirceder's record would first sent to war department ofli- s at Washington and later to of- ials of the Aecro Club of America The Aero Club of Amersica, reco nized by the Federation Aeronautique Internationale. will asked to cer- the record to the we | wore an mask of Capt . L. JUDD, . JUDD w. T. jUDD & CO.” Invesument Securities Rooms 309-310 Nat. Bank Bldg. car- the he serd Telephone 1515—1816 *‘Own a share in the factory where you work”’ the and Panama, Feb. of Army Lieutenants han. who were Killed, f while attempting a fight from i ¥rance Field to Davids Island, were brought here from Agua Dulce by &, We Have Moved to Our New Office The Corner Main and Pearl Streets, Hartford-Connecticut Trust e 23 West Main Street Company Hartford, Conn. Capital $1,250,000. Safe Deposit Boxes f5 and upwards. GENERAL BANKING It’s safe and saves time. Bank by mail. GOODWIN BEACH & CO. CONNEOTICUT MUTUAL BUILDING. HARTFORD - £ Room 410, Natl. Bk. Bldg., Tel 2130 T. FRANK LEE, Local Mgr—— Surplus Funds, $1,850.000. Sattlement of Estates SLOPYER harge Wills drawn without ¢ WE OWN AND OFFER: Colts Patent Fire Arms Stock to yield 9. S S 1 S R