New Britain Herald Newspaper, July 29, 1920, Page 9

SALE SHUMAN and STEIN BLOCH SUITS Odd Sizes. While They Last $28.75 The Farrell Clothing Co. " DUBOWYS TAKE ACTION Brings Foreclosure Against Wilkes- Barve and Local Parties for $4,000 Indchtedness, ¢ Through Judge F. B. Hungerford, Hyman N. and Soll Dubowy, loecal store merchants have Frought a fore- closure against Stanislaw Gilmos of Wilkes-Barre, Pa., and Rosalie Sera- fin of this city for $4,000. The de- tendants failed to pay interest of principal on a mortgage on property At 239 and 231 Washington street within the time set. According to the plaintiffs the defendants were in- debted to them on October 28, 1919, tor the sum of $3,600. The papers were served by Constable Fred Win- kle and are returnable to the city sourt on the third Monday in August. Doug al;deary will " Pass Through This City Mary Pick- tord, or, more properly, Mr. and Mrs. Douglas Fairbanks, will pass through this city next week enroute to Farm- ington where they will visit for a few days with Winchell Smith. The visit is being made as a part of the honeymoon trip of screendom’'s most tamous players. Although it will undoubtedly be the first view of the Hardware City “Our Mury” has ever had, it will not be the first for Doug is he was at one time on the pay-roll f The Stanley Works. Douglas Fairbanks and ! l NEW BRITAIN DAILY HERALD, THURSHAY,)ULY 29, 1920. GONN. 0. MUST INCREASE FARES l (Continued from First Page) i _Answering a statement in Mayor Fitzgerald's letter that the public had “lost confidence” in the management of the company, Judge Noyes said the trustees had no personal feeling in the matter of conducting the bus- ipess. and simply wished to serve the public in the most efficient man- ner. Mayor Wilson of Bridgeport and Judge Omar Platt of Milford arrived too late to hear Judge Noyes' argu- ments. Thomas J. McGreevy, an auditor of the company presented a mass of statistical data to show the large in- crease of operating costs the com- pany had to shoulder. McGreevy pre- sented to the commission a sheet showing the zone system ‘naugurated by the company on November 2 of last year brought in 18 per ocent more the first month than for the month of November, 1918, The increase for December, 1919, over December, 1918, was 21.9 per cent, January in- crease was 23.29, February 25.92, March 185.98, April 17.20, May 15.71. In June there was a 2.62 per cent decrease. This, Mr. Watrous con- tended, was due to the new zone sys- tem imposed on May 9 by the utili- ties commission. Answering a question by Mr. Rob- erts of Orange, Mr. McGreev: =aid that the loss on the Brisgeport di- vision in the month = June amounted to about $50.0°° Presiaent Storrs of the company i« that while it was losing $50,000 the Bridgeport division during June it was going behind $61,000 over the rest of the system. He declared that a ten cent fare would be neces- sary If the old base Pare area were retained. This, he said, was done in eastern Massachusetts. He said Springfield was paying a seven cent | base fare and Worcester was paylnzl seven cents for a short. ride and fourteen cents to get across the cen- ter. “There has been an insistent demand in larger communities for return to base fare system,” he said. “If the seven cent fare. does not bring in more money we will have to get eight cents or curtail service which we shall have to immediately do under the present fare system,” he said. The jitney question must not enter in at all, he asserted There is a demand for immediate revenue. He went into detail about the three-mile limit for seven cent fare. He assert- ed that outside the three.mile limit the fare would be at the rate of three cents a mile. The details had not been worked out, he said. Commissioner Alsop asked Mr. Storrs why an increase in rates under the present zone system would not be practicable. The president be- lieved that this was not feasible be- cause the large body of riders in the center of a city are already opposed to the zone system and that they would balk at an increase. The present cash fare system put in forece by the commission is rea- sonable, Mr. Storrs sald, the com- mutation rate being too low. “Would a seven cent fare be sat- isfactory in Bridgeport?” Mr. Elwell asked Mr. Storrs. “I don’t think anything would be satisfactory in Bridgeport. except a return so low that we would be able to get nothing out of it,” he answered. The tentative plan of the com- pany, Mr. passengers pay Storrs s=aid, was to have they entered the car going from the rural districts into the city and as they left the car in going from the city to the suburbs. The commutation system had not been profitable, Mr. Storrs said. Receiver Harrison Freeman of the Hartford and Springfield street rail- way said in reply to a question that the ten cent fare on his line had materially increased the revenue. Mr. Storrs said if the commission should order the new plan into ef- fect the company would be able to start it in a week. In the course of his statement he said the company would have to get a 14 cent fare from New Haven to Savin Rock. He estimated that in keeping the cars of the company off Bridgeport streets for a month the loss would not be more than $30,000. Deaths and Funerals S. Lethin. Rev. Dr. 8 G. Ohman received a telegram this morning from his wife, who is visiting at Elgin, Ill., stating that her father, S. Lethin of that city, died yesterday. The funeral will be held tomorrow. Mr. Lethin visited here several years ago and made a number of friends while in this city. as Frank Salerne. ¥rank Salerne, 2 years and 5 months 14, di night at hi- ts’ et s e et Thel a1 was held ¢nis morning and Aal wee in Fairview cemetery. ~ Flmer Daniels. Following an illness of more than three months, KElmer Daniels, 36 years old, a boarder at the Park Thotel on Main street, died at the New Brit- ain hospital yesterday morning. He is survived by one sister. Mrs. Theresa Senecoa of Bennington, Vt. Funeral arrangements are incomplete. BOYS' CLUB ACTIVITIES the Past Attendanoe Large During Three Months—Club Recgives Con- tributions From Local Persons. During the past thredymonths the Boys' club has been very active and the increased membership is noted considering the fact thut the sum- neer vacation is on. The average at- tendance per day is about 107, with than 392 members attending The attendance for April 3 for May 2,814 while for June it was 2,807. This is more than the average attendance. A brief summary of the activities of the club and the various trades that the boys keep themselves busy with are: Physical training, carpentry, clay- molding, dental hygiene, billiards, Winchester junior corps, juvenile court, community singing, movies, band, beginsers' class in music, shoe shining contests, baseball teams, etc During the past months several prominent men and a few of the lo- cal business houses have contributed to the club articles for its wuse which was highly appreciated by the club. The following is a list of those who contributed: Eddy Awning and Decorating Co., A. A. Mills, Wm. Baker, Landers, Frary and Clark company, J. F. Lynch, Mrs. J. A. Traut, Harold Hatch, A. F. Corbin, T. T. Hocks- worth, Mrs. J. J. Stafford and H. L. Mills. more the classes. was 2,761, Small enough ° to know you. GOOD CITIZENS The SAVINGS HABIT makes men good citizens, makes women good wives, and gives children character and a future, NOW is a good time to open an account. We welcome you st this BANK, The Commercial Trust Co. 274-276 MAIN STREET Open Saturday Evenings 7—9 P, M. {o the police that a blacik:pod away from him yesterday 3 and was headed toward New The local police were asked 1dg { for it. Complaints have been made, boys ride wazons on the side ett and Trinity streets noy passersb: The boys used to holding their places than permitting pedestrians th of way. The police will sto practice. Mrs. Honistry of 184 Arcl notified the police that her t aged 13 and eight years wen! picture show vesterday aftern j had not returned late last nig girls were found soon after graduate of the New Britain High | school. xclusive sse-Leland At a special Wwater commissione was recommend nexi meeting of the common that the proposed exto city’s water supply be with at The fi { would be at the north of Burlington at a cost of 550, Of that amount, $97,000 is for a pumpine tion and pipe line; $80,000 for wells; $26.550 for cngzineering. Antone Zebris has purchased the restaurant at 232 Park street from Joe Deskis.—Advt. Hot fish cakes Friday at Hallinan's. ~-advt. Air Brake .. Central . NYNH&HRE Norfolk & West Northern lac Ohio Cities Gas .. Pan am P & T Penn R R .... Pittsburgh Co. Pressed Steel Car . Ray Cons . Reading Rep L & S .... Royal D, N Y . Sinclair Oil RRet Sloss-S Steel & I Southern Pac Southern Ry Studebaker Texas o . Texas & Pac .. Tobacco Prod Union Pac .. United Fruit United Retail St . I S Food Prod <X Y agents Stetson Shoes. Co.—advt. mecting of the board last evening to the council of the ahead installment Financial WALL STREE] STOCK EXCHANGE REPORTS Wall Street, «jdose.—Stocks record- ed their best prices in the later deal- ings when rails, steels, equipments and oils were one !0 three points above yesterday's final quotations. The closing was strong. Sales ap- proximated 550,000 shares. (New TYork Stock Exchange quow. furnished by Richter and Co., members of the New York Stork Exchange). July 29. ZLow Close 34 3418 84 sS4 3T% 38% 136 41% 14% voted 1o Ras Once PETTIBONE GUILTY Manchester, Vt., July 29 M. Pettibone today was fou of murder in the secomnd di poisoning his wife and was to life imprisonment. Boys Riding Wagons Create Nuisance og Struck By Automobile. Carl Beck of Farmington reported F. G. JUDD W. T. S jupDb & CO 28 WEST MAIN STREET, Telchoge 1815, — Us U s Steel U S Steel | Utah Copper Va Car Chem Willys Owverland High 343 $41 3813 =136 41% 143 H L o Allis Chalmers Am Beet Sus Am Can Am Car & Fd Am Cot Oil Am H & Leath Am Loco i 9414 Am Smelt & R ... 57 Am Suf R com ..119%% Am Sumatra S41; Mm 951 Am Tobacco .1983; Am Woolen . 8215 Anaconda Cop ... 533 Atch Top & SF ... 80% At Gulf & WI ..1ca3 Baidwin Loco L1123 Balt & O Barrett Co .. Beth Steel B . Brooklyn R T . Butte & Sup Can Pac . Cent Leath Ches & O Chi Mil & St P Chi Rock Isl & P 35% Chile Cop 15 Col Fue! & Cons Gas Corn Prod R Crucible Steei Cnuba Can Sug Endicott Johnson Gaston W&W Gen Mot Goodrich (BF) Gt North pfd 111 Cen . Int Mer Mar ..... Int Mer Mar pfd Int Nickel .. .- Int Paper .. .. Kelly Springfield Kennec Copper Lack Steel Max Motor Mex Petroleum Midvale Steel Missouri Pac Nev Cons ..... 6 68% 163% HOUSE REPORT. .—New York Clearing CLEARING 655,202 ,961,042 WE OFFER NEW BRITAIN MACHINE 8% FERRED STOCK. Ci1Y ITEMS Mrs. a1 Read and daughter Pauline have returned from Rutland, Vermont, where they visited relatives. Hot fish cakes Friday at Hallinan’s. —advt. At the meeting of the New Britain Gas Light company held yesterday afternoon, a regular quarterly divi- dend of 1 1-2 per cent was declared. President A. J. Sloper presided at the meeting. Hot fudge sundae at Dickinson’s. —Advt. William W. Hanna will spend the week-end at Kingston, N. Y. The Harvey & Lewis Co., Hartford, opticians. Store closed Saturdays only at 1 o. m.—advt. Misses Flora and Emma Woitowich and (Catherine McAloon will leave Saturday for Watch Hill, R. I, where they will spend two weeks' vacation. Pay your water rent this week and save interest.—advt. Philip Corbin and Guy Fitch have returned from a week's stay at Oak (Bluffs. Fresh fruit sundaes at Dickinson's. —Advt. Israel Nair, brother of Attorney David L. Nair, of Arch street, has received word from Yale university that he has received honors in his studies at the end of his sophomore year. Nair was an honor student in his freshman year also. He is a JOHN P. KEOGH ™M<wwer Qonsolidated Stock Exchange of New-¥Xo STOCKS BONDS Direct Private Wire New York-to Beston. G. F. GROFF, Mgr.—Room 509, N. B. Nat'l1 Bank Bld Iron The Hartford-Connecticut Trust Co Corner Main and Pearl Streets, Hartford, Capital $1,250,000. Surplus Funds, $2,000 Safe Deposit Boxes, $5 and upwards, Settlement of Estates, Wills drawn without¢ Foreign Exchange to all parts of the world LETTERS OF CREDIT GENERAL B4 Bank by mail. It issafe and saves time. $500,000 The New Britain Machine Co. (Connecticut Corporation) 8% Cumulative Preferred Stock CAPITAL—Preferrcd $2,000,000 authorized, $1,500,000 outsta Common $5,000,000 authorised, $2,000,000 outstanding. i Preferred as to assets and dividends Par value $100 per share Transfer Agent and Registrar—Phoenix National Bank, Hartford, Conn. Dividends Payable April, july, October and January 1st—Callable as a Whole or in Part for Sinking Fund at $110 per Share Free from Present Normal Federal Income Tax and Connecticut Property Tax BUSINESS—The Company manufactures Multiple Spindle Automatic Chucking Machines, Automatic Screw Ma- chines and Screw Machine products, Woodworking Machines, including the Chain Saw Mortiser and tools, Pressed Steel Shop Furniture and the New Britain Tractor. Its products are high grade and well known i throughout the trade. i ASSETS—Net quick assets $202 per share. Total net assets $313 per share. EARNINGS—Net profits during the past eight years averaged over twice the dividend requirements on this pre- ferred stock, in 1919 over three times and for the first six montks of 1920 over five times. SINKING FUND—Beginning December 31, 1921, the Company shall annually set up a sinking fund to retire 4% of the preferred stock at not to exceed $110 per share. VOTING POWER—If dividends of 8% remain unpaid or net assets fall below 200%, 125%, the preferred stockholders will guard their interests. NO FUNDED DEBT—None may be created without consent of 75% of: preferred stockholders. ; AUDIT—The books shall be audited annually by certified accountant. 3 : PREFE_BREI? DIVIDEND RESERVE FUND—No dividends shall be paid on any class of ;tock Jjunior to this issue which will reduce the surplus available for preferred stock dividends to a less amount than 16% of the par value of the then outstanding preferred stock. PURPOSE OF ISSUE—The proceeds of this issue will be used as additional working capital. 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. Day & Berry of Hartford. The books and accounts are audited regularly by Walter W. Eaton & Co., Certified Public Accountants. Special Circular Upon Request ing. 2 or net quick assets below possess exclusive voting power under provisions drawn carefully to safe- .. W Subject to subscription by stockholders we will receive and fill orders in the order in which they are received. Price 100 & Accrued Dividend, Yielding 8% RICHTER & CO., THE CHAS. W. SCRANTON CO., 6 CENTRAL ROW, HARTFORD, CONN. Investment Brokers Established 1861 New Britain, 31 West Main St. Springfield, Third National Bank Bldg. 103 Orange Street, New Haven