New Britain Herald Newspaper, February 12, 1929, Page 5

HARRISON, NOTED EDUCATOR, DEAD Former Provost o University o] Pennsylvania Was 84 Philadelphia, Feb. 12 UM — Dr. Charles Custis Harrison, prominent educator and formerly provost of the University of Pennsylvania, died at his home here today. He was 8¢ years old. Before becoming connected with the university, Mr. Harrison was prominent in the sugar refining business, having been connected with the Federal S8ugar Refining company which later was merged with larger interests. He accumu- lated a fortune from his ventures, Dr, Harrison was largely respon- sible for the development of the University of Pennsylvania's finan-' cial resources. During his term of -scrvice as acting provost and then a8 provost, its assets increased from t $5,000,000 to $17,000,000 and 29 dormitory houses were added to its buildings as well as the university museum, the medical laboratory, the law school, the engineering and dental school buildings, the gym- nasium and the Henry Phipps in- stitute. Personal gifts of Mr. Harrison to the university included the George Leib Harrison memorial foundation for the encouragement of liberal studies, and the advance of knowl- edge, the principal of which is near- ly one million dollars. Dr. Harrison was born in Phila- delphia. In 1870 he married Ellen Nixon Waln. He was affiliated with numerous scientific and historical societies and clubs. WACHINE PLANTS MAY AMALGAMATE (Continued from First Page) President Pease said today that the business in Hartford would be brought to New Britain, It will be necessary for owners of two-thirds of common stock in the New Britain Machine Co. to approve of the project. Day, Berry & Reyn- olds, the company's attorneys, and Frnst & Krnst, accountants, have advised officers of the company that the amalgamation can be carried out without any addition in the com- pany's tax liability, Net Eaming for Year $603,185 In connection with the annual meeting, President Pease has issued the 33d annual financial statement of the company. He reports that net earnings for the year, after making full provision for recfation, ob- solescance, taxes, etc.. amounted to $£603,185. Dividends at the annual rate of T per cent were paid on Class A preferred stock and a divi- dend of 37% cents per share was paid on the common stock on De- cember 31, 1928, During the past year the company acquired for its treasury, Class A preferred stock having par value of $718,500 and In the preparation of the balance sheet, 1 s of common stock previ ired and heretofore shown dednetion from outstanding pitalization, has been included in su v investments” at the declar- ed valie of $1 per share, The com- mon stock and surplus has increased from $1,i65,254.59 on January 1, 1928, to $2,028,019.82 on Deccmber 31, 1428, Details of Amalgamation President Pease's statement con- taining details of the organization of the New Britain-Gridley Machine Co.. follows: “'A very important mafter will be acted upon at this meeting because of the recommendation of the hoard of directors and officers that the ma- chine tool business of the company | be separated from the other activities of the company and consolidated with the machine business of The diey Machine Co. of Hartford, Connecticut. The corporation to which the machine tool business of this company will be transferred, ac- cording to the plan to be submitted at the meeting, will be known as The New Britain-Gridley Machine (‘0., or some similar name and will be a subsidiary of and controlled by The New Britain Machine Co. through the ownership of eighty thousand (80,000) shares of the authorized one hundred thousand (100,000) shares, of which eighty- five thousand (85,000) shares will be outstanding at the present time. It Is anticipated that the consolidation of the manufacturing operations of The Gridley Machine Co. with the machine business of this company in the Chestnut street plant will result In economies in management and increased profits. Reasons for Change *“There are many reasons why this action seems desirable to your hoard of directors and to the executive committee, Since the war, the activi- ties of the management have be- come diversified to such a degree through the development of lines not akin to the machine tool business, that it has scemed for some time that it might be wise o have two organizations, cach standing entirely alone, and concentrating all its thought and energies on it particu- lar line of work. The management of your company considers this an opportune time to combine the ma- chine tool business of your company with that of The Gridley Machine Co. along the lines of the offer pre- sented, and that the disassociation of the activities of the company should be authorized. With the thought in mind that this eventually would come about, physical assets have for several years heen depart- mentalized and actually separated to @ extent so that difficul- unt are minimized. Tt is contemplated that the two or- ganizations will operate independent- Iy and the personnel of each organi- zation will be made up from employes of the present The New Britain Ma- chine Co. and The Gridley Machine Co. who have had experience in each particular branch of work. The char- acter of the business to he handled by each company will be distinctive in that all the machine building and sales will be handled by The New Britain-Gridley Machine Co., and the manufacture and sales of screw producta, hardware, and shop furni. ture will be handled by The New Britain Machine Co. The separate managements will be able to apeclal- ise on the operating and sales prob- lems that are distinctively their own and which vary so much one from the other. “The New Britain Machine Co. will remain an operating company. to the extent of operating its screw products, its shop furniture, and hardware divisions, and become a holding company to the extent of a controlling interest in the company which will own the machine building facilities, patents, etc. of the New Britain Machine Co, and of the Gridley Machine Co. Financial Arrangemicnts “To accomplish this purpose, the corporate structure of the Gridley Machine Co, will be expanded to one hundred thousand (100,000) shares of ten dollars (3$10) par each, and the name changed to the New Britain-Gridley Machine Co. The following net assets of the New Brit- ain Machine Co., as of January tlst, 1929, to the extent of their depreci- ated book value less reserves of $1,- 124,385.06 will be exchanged for eighty thousand (80,000) shares of s stock. Inventories, leas reserves $518,820.93 Real estate, buildings, ma- chinery and equipment (depreciated book value less reserves) ... .o 614,794.15 Prepaid Insurance, etc... 26,011.61 $1,158,626.69 Less Accounts Payable 3434164 Ll iy $1,124,385.06 “All the assets of the Gridley Ma- chine Co. will be represented by five thousand (5,000) shares, and fifteen thousand (15,000) shares will be r served for such corporate purpob as may be deemed for the best in- terest of the corporation by the directors, five thousand (5,000) shares of which are subject to pur- chase by the Gridley interests du ing the next five years, Pledge Sharcs for Preferred Stock “All of the shares of stock of the company owned by The New Hritain Machine Company will be pledged with the Phoenix State Bank & Trust Co., as collateral security for the performance of its obligations to the preferred stockholders and will remain so pledged 80 long as any of said preferred stock remains out- standing. “SBome of the largest holders of preferred stock have been consulted and have signified their approval of the above plan and their decision to vote their stock in favor of its adop- tion. “The automatic machines of both companies are favorably known and those of The New Britain Machine Co. are widely known and extensive- ly used in the metal working indus- tries of this country and abroad. The Gridley Machine Co. has, in its two years of existence, successfully developed a single spindle chucking machine and a muitiple spindle chucking machine of unusual merit. The engineering staff of The Gridley Machine Co. is made up of men of long experience in the field of auto- matic sacrew machines. G. O, Gridley was at one time president of the Windsor Machine Co., and several thousand automatic screw machines bearing his name were built by that company and are now in use. His name, as designer of ecrew wma- chines, {s moat widely and favorably known. Mr. Montgomery and * Mr. Wheeler who, as well as Mr. Grid- ley, will be connected with the com- pany, have had experience of a great many years in this field, and have demonstrated that they will be very valuable additions to the very capable enginecring and designing organization, headed by Robert 8. Brown, that has made possible the success of the New DBritain designs. “We feel that the continued suc- cess of your business is dependent on continued improvement in design, keeping pace with the continually changing conditions and the Increas. ed demands that are being made by users of automatics. Your directors are of the opinion that the amaiga- Conn. Mother Was Right Within a few months there will be no more feverish, bilious, headachy, constipated, pale and puny chil- dren! That prophecy would surely come true if every mother could sec for herself how quickly, easily and harmlessly the bowels of babies and chijdren are cleansed, regulated, given tone and strength by a pro- duct which has proved its merit and reliability to do what is claimed for it to millions of mothers in over fif- ty years of steadily increasing use. As mothers find out from using it how children respond to the gentle Influence of California Fig Syrup by growing stronger, sturdier and more active daily they simply have to tell other mothers about it. That's one of the reasons for fts overwhelm- ing sales of over four million bottics a year, A Connecticut mother, Mrs. John Scully, 49 Glendale Ave., Hartford, says: “Before my daughter, Evelyn, was a year old, she began having constipation. 1 decided to give her California Fig Syrup and in a few days she was all right and looked fine again. This pleased me 50 much that 1 have used Fig Syrup ever since for all her colds or little up- set spells. It always stops her trou- ble quick, strengthens her, makes her eat.” Always ask for California Mg Syrup by the full name and see that the carton bears tne word “Califor- nia.” Then you'll get the genuine. mation of these *wo companies with the addition to our line of the two machines the Gridley organisation has already developed, and the com- bination of the designing facilities of the two companies will be & verv happy arrangement and one that will be ef great service te, our cus- tomers.” Financial statement The financial statement of the New Britain Machine Co. as of De- cember 31, 1928, fellows: Asset: Current tomers’ (less allowance) Merchandise inventories Other asmets Other motes and accoul recelvable . 15.893.26 8yndry investments 56,870.93 Permanent Real estate, buildings, ma- chinery and equipment (less: Allowance for amortisation and regular annual depreciation) .... 833,264.58 Deferred «l , taxes, un- = 603.01 $3.151,954.43 Liabilitics Current Accounts payable Accrued accounts, including federal income taxes ... Purchase money obligations. . Capital accounts Class A 7% preferred stock Common stock and surplus represented by shares of no par val £54,600.00 $3.151,954.43 Common Htock and Surplus Account Por Year Knded December 31, 1988 Common stock and surplus- January 1, 1928 . Addition Net profit for year, after de- ducting com of manufacture, depreciation and _repairs, sclling and admi; cxpenaes, intereat, t $1,565,204.69 $2,165,460.78 Deductions Dividends pata Class A preferred He. per shere .. 30,000.00 Premium on ferred stock quired and mu dry adjustments —Net ... 140.449.98 . 30,503.00 Common stock and mur- plus—December 31, 1928 $2,025,018.82 FINGER AND PENCIL WEAPONS IN HOLDUP (Continucd from First Page) threatening them, disappeared down the stairs. McGovern teatified that while no gun was brandished, Morency kept his hand in his pocket, apparently with the index finger extended to create the impression that he was carrying a revolver. He informed the court that Morency walked to the bureau, took the pint bottle of liquor, and disappeared. He reap- peared later in company with Paul Plerson and Frank O'Connell, both of whom testified to meeting Moren- cy in a 8chool street restaurant. They also informed the court that Moreney told them that he had come down from Holyoke and was out to “get” Officer Willlam Thomp- son, a member of the liquor squad. Morency denied ever having beea in McGovern's room B8unday night and also added that he had never P How you can have that EXTRA DINNER SET If you've wished for a beautiful China table service, now is your opportunity. They know how to mold, china sets with whi Now these super-fine imy tion. Carlsbad China, china Insist upon having your grocer deliver * NEW WEDGWOOD BUTTER * PARKSDALE * BERRYDALE EGGS SAVE THE Parksdale Eggs are carefully selected from the country's finest, — graded exg‘mly as to size, fullness, flavor. Wedgwood Butter comes from pure, ich cream, pasteurized for purity. Comes sealed in tary captons. Berrydale Eggs are sealed with a paraffin coat to hold the fla%or in — to keep impuritics out. With each dozen eggs and each pound of butter we pack a coupon. It contains full details. and $6.00 give you the beautiful 42 piece Carlsbad China Twenty dinner set. Twenty more anda Tv_un coupons and $6.00 more bring 34 more pieces. A total of 112 ar- tistically patterned, individual picces of this fine ware for only $18.00. coukin't buy them for many times this price. P. BERRY & SONS, Incorporated Hartford, Connecticut Sole distributors for New England States scen any of the state’s witnesses be- | fore. He was somewhat hazy about the time Sunday night, which play- ed an important part in his being found guilty. Judge Joseph M. Don- ovan, in passing sentence, remark- that he did not believe Moren- cy's story and that his threat to ‘get” Thompson did much to influ- ence him in his finding LILY LANGTRY 1§ DEAD IN EUROPE (Continued from t Page) his title and the former Mrs. Lang- try thereafter was known as Lady de Bathe, Lady de Bathe was at one time owner of an extensive racing stable at Regal lodge, in Kentford, Suffolk, Eng., near Newmarket, and raced under the name of “Mr, Jersey.” Her most famous horse, Merman, won a number of English turf classics, in- cluding the gold cup at Ascot. She once owned a'large ranch In Cali- fornia and a summer home at Long Branch, N, J., where she entertained lavishly for a time in Bohemian fashion, Among the plays, other than those alreudy named, in which Lady de Bathe appeared were: ‘Ours" (1882); “An Unequal Match” (1883) “Princess George” (1884); “The | School for Scandal” (1885); “Peril” and “Enemies” (1886); “The Lady “Lady Barter” (1893); “Gos- oiselle Mara” " (1904); “The Walls of Jericho™ (1905); “The 8econd Mrs, Tankneray” (1906): A Fearful Joy" (1908); “Between the Nightfall and the Light” and “The 8ins of Soclety” (1911); “The Vision of Delight” (1912), Bince the latter date Lady de Batho had appeared occasionally in vaudeville. Mount Lamentation Suicide Unidentified Meriden, Feb. 12 () — Medical authorities had decided today that the young man whose body was found last Sunday on the top of Mount Lamentation outside Mvn-' den had committeed suicide by poison last New Year's eve, but they had still to confirm that his name was R. or B. Miller of Wilkinsburg, Pa. Dr. Bradstreet, the medical ex- | aminer, said an inquest was unnec- essary since death by poison was clearly indicated. The police believe the youth's nearest relative may be Mrs. G. R. Miller of 409 South ave- nue, Wilkingsburg, for he had ship- ped a suit case to her before taking a train from New Haven (o this city. House Democrats Form Organization Hartford, Keb. 12 (UP)—Demo- crats in the louse of representatives today organized under Minority Leader John I. Tobin of Waterbury in order to hetter formulate and ex- press the opinion of the minority in the house. The following committee, to meet weekly and consider minority atti- tude on bills on the calendar, was appointed: Joseph . Barnsfield, Portland; John A. Markham, Hartford; J. Har- ris Munroe, Guilford; Russell Cor- coran, New London; and Miss Annie in colorful Czecho-Slovakia. From father to son, from mother to daughter, the secret and skill have come hout the world for rare quality in dinner to reward the patronage of our friends, we chanced upon an historic old pottery in that busy country and secured its entire output. table, in 42, 78 and 112 pi o 1 s pmmpt.ly e, 3 ece sets will come to you ly with our compliments, if you simply will do this: Maher, New Haven. Read this generous offer fire and pattern exquisite tions are ready for distribu- EGGS and COUPONS odor-proof, ultra-sani- $6.00 get you 36 additional pieces. You NEW BRITAIN DAILY HERALD, TUESDAY, FEBRUARY 12, 192 WEDNESDAY! Large Cans TOILET JOILET POWDER 10c Values to 19¢c per can CASH YOUR FACTORY PAY CHECKS HERE . WEDNESDATS CRIB SHEETS Hospital Size 29¢ Size 27x36 J White or Red WEDNESDAY IS ALWAYS BARGAIN DAY HERE! 50 Dozen TURKISH TOWELS Large size. Plain color effects. Value 50c. Wednesday ....... e 18 mc:‘\eady for Use Wednesday 19¢ LOT RINSO FOR WEDNESDAY! Dress Foulards and Dress Ginghams — Wednesday — 17¢ Some sold up to 29¢c. All wanted figures and stripes. FOR WEDNESDAY! Fancy Cretonnes - 36 inches wide Valugs to 50c — Wednesday — 29¢ Floral Patterns All Full Pieces FOR EDNESDAY! — Infants’ — Bath Robes Pink or Blue. Value $1.00. — Wednesday — 69c All Neatly Boxed 25¢ COLD CREAM ............ 13¢c FOR WEDNESDAY! To Close Out Women’s Hose Full Fashioned and Mock Seam Silk Hose 50c Also Women’s and Chil- dren’s Sport Hose. Values to $1.00. FOR WEDNESDAY! Men'’s and Children's Hose Value to 25¢ — Wednesday — l1c | MEN’S RIBBED FLEECED UNION SUl'l'S. ng or short sleeves. Sizes to 46. Value $1.50. Wednesday ....... 10c Rickrack Braid. Wednesday, choice ....... 10c Package Sewing Needles. Wednesday, choice .. ... res wide—all linen All heels and sizes to 8. Pat., kid, tan, alligator each 7C ] Novelty Pumps 36-inch BROWN SHEETIN 29c Extra heavy qgality. All full piece. ON SALE WEDNESDAY! INFANTS’ FLANNEL BATH ROBES dainty figured designs, with cord and pocket. 31 .00 Wed. Only, each WEDNESDAY! NEW Dress Percales 36 inches wide Al Neat Figures Wednesday 15¢ ON SALE WEDNESDAY! HEAVY CREPE DE CHINE 40 inches wide EVERY THREAD SILK All the new wanted shades. Yer value 129 88C ODD LOTSOAPS .............. 5 Wed. Only .. yard FOR WEDNESDAY! 36-inch White or Colored Flannelette — Wednesday — 10c Values up to 25¢ yard Extra heavy grade ON SALE WEDNESDAY! — Women’s and Growing Girls’ — — and — Sport Oxfords Values to $3.95 — WEDNESDAY $1.98 FOR WEDNESDAY! Dish Towels All Linen. Values to 29c — Wednesday — 19¢ WITH LOOP ATTACHED All Ready for Use velvet, satin. Strap or tie effect. ON SALE WEDNESDAY! 3,714 Yards Fancy Silks Dress Silks, Kimono Silk, Drapery Silks, Sunfast Silks and Silk Suitings. Values up to 50 c $2.50 yd. Wed. . S ON SALE WEDNESDAY! Children’s WAIST UNION SUITS Random and white. Sizes to 12 years. Long and short sleeves. Knee and ankle length; 69¢ grade. Wednesday, 50 c FOR WEDNESDAY! Men’s Nainsook Athletic Suits 59c. Sizes to 46, Value i — Wednesday — . All First Quality 5¢ SEWING THREAD ... ... ... 3¢ FOR WEDNESDAY! To Close Out Women'’s Under Hose To wear under silk hose Values to 50c 25¢ ;. Flesh color — all perfect e FOR WEDNESDAY! Children’s Wool Gloves and Mittens Values to 59¢ — Wednesday — 37¢c | CHILDREN'S LEATHER GLOVES and MITTENS ,‘ ON SALE WEDNESDAY! Boys® and Girls’ Dressy Pumps — and — Sport Oxfords Values to $3.50 — WEDNESDAY $1.98 .l‘at‘. 1an, alligator, smoke, gun metal. All Sizes to 2. Many High Cuts included. $1.19 . each 40 Fleeced lined, cape skins, suedes and water- proof gloves. $1 and $1.25 grade. Wednesday 790 Sanitary Napkins—12in box. Wednesday ... Women’s Handkerchiefs—in colors. Wednesday . BUTTERICK PATTERNS ON SALE HER! 4