New Britain Herald Newspaper, November 6, 1925, Page 23

I\ | | | | their privilege and assumed control NEW BRITAIN DAILY HERALD, FRIDAY, NOVEMBER 6, 1925, large, however and while the capital | stock. The Cla sent in ) ) Upon the de- | } NEw PlAN DRAFTED is tmpaired, dividends cannot be|carrying 7 per ce of ¢ cites of stock paid, 1\” | 1 in ) th The New Britain Trust co “In addition to the defieit, before |agg amount of &1 lyper cent Nutional ban! the company could begin the pay- | in « 15 to be paid trom time (o |¢ ) will be s p A ment of dividends on the )mhu- 1t liseretion of the direc | that your certifica stock, under the present | ovislo amount of 1 cen received 1n u e of its articles of associatio | of October s of 1 N (Continued from Iirst Page) sinking fund for the retirement '1\ unt would | ficates of ¢ & : |outstanding preferred stock would | in the event tha e ] of stock to be known as Class A, |h#ve to be mu ! t [ tock, Yo which carries a 7 n\r cent cumula- (QUirements nt u W ¢ \' tive dividend and 3 1.2 per cent ad- |1OW amounts 27,00, ! 1 delivered ditlonal, payable from time to thne,| “In order to « e the capita I rs o of them. | § Stock not voted as favorable to this|defieit and the sir tund pro v s I nt that a plan becomes Class B. Dividends | 1018 your committee and commit- | not « ol b Kkholders ¢ on Class B will not be pald until|tee of the common stockholders |y ( i 1 , after all Class A dividends | agreed upon a plan, explained in our [ minish It is necossary to have the certi I During the past few years the 11 of April 4th, which contem [on ¢ company's deficlt has been greatly | plated the r 1 of the present fa reduced and a sinking fund of nd rate from § perla 000 has been built up, it is repo tion | €1 Action on the @ew plan whi cording to the letter, {s sancti by the reorganization committ the board of dir re, will be t en as soon as per cent of t stock is recorded as in favor. Committee's Letter Tthe organlzation committee state I'hat plan rec ment going out to stockholders is as| of cvory sl follows: and the cc “On April 4, 1924 we sent you a | mmon ! letter in regard to a reorganiz ) | vepresenting of The New Britain Machine com t and ! ficates ¢ per cent of | cent to 7 per c - of thy common c stitu ferred stock and stoc 1 Klholders will put the pany. The situation of the company | resenting more than v in a position so that its i has changed somewhat since then|the common stock mmediately begin and for your information we herowith enclosing a statement the assets and liabilities of the com- | of pany as of July 1, 1925, their proxies. Cons “In July, 1921 the company de-|was not mail faulted fn the payemnt of dividends | pre upon its payment of dividends upon its preferred stock and no divi lends ve since heen paid. : @ preferred stockholders exerci favor of the p however repre ferred st + Well Dressed Teacher Better fm I’upll posed amendment ¢ NOW IN PROGRESS TIESe Grecties folks — hirthday - greetings ] L IS o nattes =i tareest and most pro- cort les of stack of the company's affairs, to the ex- ‘ clusion of the common stockholders, e directors elected by the prefoer e stockholders were absolutely disinterested and consented to serve for the.sole purpose of rehahilita- ting Its affairs. Under their diree- | effecti vote less than a v tion the busines has prospered, its{mous vote of the pref indebtedness has been paid and the | holders, U company Is now operating at a pro fit. The deficit of the company ha been very materially decreased, due | largely to claims allowed by t cral government, This deficit is s tee and the committee of the mon stockholders have tried to wo out a ne n which could h cssive shoe store in all New England, e celchrating our sixteenth year fn unl we are golng to celebrate way. Lveryone knows what A Batey sale meats—and we pronlse this event will surpass any we haye ever 7 held—and that's saying something! ition of the company 2 s advised over t! stock can of the lolde ” I “SWEET SIXTEEN” B : = & - l mmmm 16 Years Young and Growing! il do—und (e resulting buylng [ ; < & ‘E }u‘\m"}}\{ :, .:n..m\ In\ly'. ;("nvr" ||\ ml.rI ,:1,"::‘(‘:: ,,: b efi @m g m[t Jour) moncy s \\nrllny—mhll mfln-!.l .:,m: : 9 & D AT 0 (TR S (s / price 10 the very highest class footwear —Irtom the lile (oUs <hoe to grandad’s 3 — HARTFORD — WNFOFE Alipper— 45t frany (e most con ative o e of the = moment i “men and children Women’s T‘ ur Trimmed Coats . \ “NO-PROFIT” SALE !BATL"!Y'] B‘Aacnmmn:w“\ |l ‘U.mfi NO-PROF ) . T D ~\\»» To Commemorate the Year Sfif?c{ally Crfluped For B 1925—The Best Year in .7 | i Our Business Life Friday and Saturday |} U R LS el ion o o i g e : rovnls in saics volmethanks to_so At Three Popular Prices | 1%16% ’1/0” Sdl/f' [ b e i vicndliness you have towards his store | i ; :I’I‘m\w- ot \“I\l‘r ~lu'\rr.::llu‘-h.~n\h:::r:. [ 4 The only sale that may ever surpass this ! Shop in This Big Store—Airy, Comfortable, Roomy Birthday Pary | $69-7 f 7575 | $135,000 FIRST CLASS @ 9 | SHOE STOCK fashioned coats that lead the mode- o the new advanced style features i er season. Developed in rich deep : Ll ries and distinetive smooth finished ma- . B ’ e e, o e , and lavighly furred at collar, cuffs, bor- } On attey S Let's Go!—BATTEY'S BARGAIN BASEMENT—Read On! LR S el . Here's the Good News From New England's Largest Natural, Gray and Dyed Squirvel, Beaver. Raccoon. Maln Floor Opossum, lLong Haired Wolf and Fox Shoe Basement CUCKROO GRACKLEHEAD WINE | FLORSHEIM SHOES FOR .\lli\. \}IV\H\\IIII ~|n‘||u WOMEN'S PUMPS \\IMI\ll\'Il—Ii\ ) GREED BURGUNDY BLACK For only the first three opening d 8 One big i & ) ps and oxfords. All L2 s Pl : of this sale, choice of all of our ., ; : il el X 2 T, $1.97 . ; : Florsheim shoes and $8 35 I i 590 5 ] i‘“" ared Sty o oxfords for men at . 5 WOMEN'S WARM FOOTWEAR o N ¢, Prin ilhouett | I T LS iaua e N 18806 i MEN'S UP TO $7.30 SHOES (\HH 1 I.'I 'S FELT SLIPPLY $2 97 i |8 High shoes in black and tan—oxfords 1 69 ® tont Shop—steizcrs—Fourth Floor | in tan ¢ il newest fall styles Birt Lapty c WOMEN'S HOUSE SLIPP! ns : Il alues to 87.00—at i AT {} }'.Lzllw,\ 's Birthday Pait) $4-96 DRI ”""“\' ‘\' i 3 Party 97c ! | Women S 0p€l’(l Pumps I y (]>,\1(|<:,\;>]|';n\||';~ AND :»)\p}‘.:"]f-”‘\ il o 69 CRETE— o | elvet and patent leathe nps N e ehoes ] Sllks WOOIenS i Trim New Styles Featured Ai § ::‘\;1,ht;luim,,\\“‘it._ ,,-]‘i\ ;\:?‘l w;"‘: ‘\?u\ll \‘\ PUMEPS AND OXTORDS ] : $1.69 : UNUSUAL VALUES FEATURED ! ) \H“, values to $7.50 $§§\6 : ) PN RS e ”:\ J— ) SATURDAY 8 90 (RIQ Party ....... . y : ! oM w weather ahead— i TOMORROW AND SAT . : - ! P e ) $2 16 1 $1.95 Wool Jersey., 5l-inch SLe ‘ by : ' albrigs ”"l 2 ]]"“" <189 | An Unusua | Entire Main Floor Stock of Good r ' \ MUN S '\" ‘."'\‘“ iy Six valte i 3 u‘lfi\\.‘:l‘llu'\x, 'l'\]\nl‘ll\ | Value! Footwear At Lowered Prices 1 $1.97 $2 97 ' T g l-:“w»h)"”“ I \\]:-‘\ A ' | MEN'S PEET SEIPPE RS MIEN'S DRESS SHOES g ‘mbroidered IFlannels | 1 : : ‘ ; T i } The triv to e BATTEY'S LARGE, ; : ! s. Also brown elk work shoea, ! ! Delldleed _EQ,.\]:"f,,"\flfi“vi\‘wk | EXPERIENCED SALES STAFF TO SR ST 7 . $3.16 | 3230 Flat Crepe, 1t-inch | INSURE PROPER FITTING ( ! 5295 Crepe Satin, 40-inch . | $1.50 Satin, 51 inches md;v | 31.95 Satin Crepes. 54-inch ) = — { 8450 Chiffon Velvet, 10-inch Women S Sma’t Pl"nps 905 sen, 10-inch ‘ : Hfi y \\;,l,:.:,t]‘,.\ ’(",y"thll]‘ll‘i(_\ In Noveity Styles, Priced ’ ] Smartly f: oned individual styles fea i On the Second oor wing novel strap pumps or neat $5 ‘ i 1 cls. Of lustrous black satin, wit! ! 1 “McCALL” PATTERNS (i i ' e e ] Stetzer's—Main Floor 1023 MAIN STREET HARTFORD Strand Theater Building e - — ]