New Britain Herald Newspaper, March 20, 1929, Page 20

20 | circuit court of appeals at Chicago, | | Van Gorder's previous sentences on | forgery cha 8, Apparently the documents were | \, | mail o the prison officials by 1 { outside accomplice or slipped mnto| by a convict employed to Only One Simon Pure Title Pass- **** *"r%"s “uee meore recalled by go es Via the Knockout Route o a"ovae v goraer forgery to NEW RRITAIN DAILY HERALD, WEDNESDAY, MARCH 20, 1929. N" FUN"S’ ST“PS dent of the union, presided. street with a pald missionary fn STANLEY CONTEST * Scholarship Competition Ended This Year, Announced Stanley scholarship be sponsored by the Musical club this year inced last night by Mar West Main street, MEN'S TEMPERANCE : UNION HAS BIRTHDAY iic Siivcsa ™% amer. - rcaning Mrs. Mary E. Wilson, state presi- |the progressive work since the or- ganization of the Union on March Anniversary Party Held Vesterday— |17, 1882, was read by Mrs. Mary A. Organization s 47 Gilchreest. Some of the accomplishments have been the founding of the Do club of New Britain, the modern ve! The Woman's Christlan Temper- sion of the old time coffee room |ance Union observed its 47th anni-|where sometimes more than 300 | versary with a large gathering at|boys gathercd evenings: the present the home c¢f Mrs. Roy Young, 225 City Mission, Black Rock Mission vesterday after-|and Burritt Mission who £ound their Mrs. Edward Carter, presi-|beginning in mission rooms on Main charge. Much work has also been done In Sunday schools, the Home for In- curables, Tuber ulosis society, Erwin Home, New Britain General hospital, Town Home, Children’s Home, Char- ity organization an? the above nam- ed three missiol At one time the New Britain Union numbered 260 members and was held as a model for other organizations, Mention was also made yesterday of the splendid work of Miss Har- riet Bliss who taught a large class of foreign speaking people and also a large class in the ¥. M, C. A, Among‘the guests at yesterday's meeting were Mrs. Theodore Larson, president and several members of the Scandinavian Union. At the close of the meeting, re- freshments were served by the hoat- ess. Special Notice A series of whists will be given once a month by the Leading Star Lodge, No. 23, Shepherds of Bethle. hem. The first will be held Thurs- day evening, at the Junior Mechan- ics hall, Glen street. Playing starts at 8:30. Meeting will be held at 7:30, —advt. LAXATIVE “leitzer, president of th: n he reported the action o e bo: aken recently, mbers a meeting at e of Mr. d Mrs. Herbert 5 Harrison street. given for the cessation of enterprise was A or the purpose, an ppeal to the pub- the difficulty ing students t conform to the regid re- t down by the leading of m first scholarship contest e funds were obtained and the proceeds ship concert. J. violinist, won going to the Insti- Arts, New York, om a small balance r before and the pro- or scholarship con- eality was a request P i friends of the club. won this o FOR SUIGIDE OF HUSBAND 7, sz ey . 4 \.'E “ AY ‘]UT Wife Who "-"Em lov\l)(\lli' Az m:fl:’:}g:“’é;::;;ir;}gg it Feat, Authorities : i D ey N s 5 P t i were made, 0 Penmen to Prison - ke 10 how that he d to justify to procure k Damrosch, rvatory, who in Sund should not school it was| famous | " CLEARVELVETYSKIN can be yours by proper cleans. ing. The right soap to ask for is \ MORE HEAT-LESS ASHES FOR SALE BY Citizens Coal C The Rent Season Is On! This Is the Time to Advartise—People Are “Looking” Now! Is Your Tenement for Rent Telephone 925 A Well Written Ad in the Herald Always Brings Results 150,000 The Guardian Investment Trust Cumulative Preferred Beneficial Ownership Certificates Preferred both as to assets and dividends over common; fully paid and non-assessable. Dividends payable quarterly January 1. Registrar and Transfer Agent Degoshe Phoenix State Bank and Trust Co. Riverside Trust Company Hartford, Conn, Hartford, Conn. CAPITALIZATION Preferred Beneficial Ownership Certificates Sy Convertible Preferred Beneficial Ownership Certificates . Common Beneficial Ownership Certificates : = 5 o 150,000 reserved for the exercise of warrants attached to the preferred. (This issue.) 100,000 reserved for convertible preferred. BUSINESS — The Guardian Investment Trust is a Trust, operating under the laws of the State of Connecticut, and in accordance with its own trust agreement. It is a Trust, not a corporation or association. It constitutes a general management trust of the British type, investing and reinvesting its funds in a widely diversified field of domestic and international securities as dictated by a constantly informed, alert management. PURPOSE — Its primary purpose is to afford in its preferred certificates a sound investment for the investor who wants security and a fixed, fair return in dividends, together with ready marketability; its secondary purpose is to afford in its common certificates an investment based on apppreciation, as re-invested surplus and profits build up reserves and provide ultimate attractive market value and dividends. SOURCES OF INCOME — The income of The Guardian Investment Trust is derived from dividends and interest from investments; appreciation in market value of securities held in the portfolio; participation in underwritings; re-in- wvestment of surplus and profits; the exercising of subscrirtion rights and similar financial operations made possible through skillful management of large amounts of capital. PERSONNEL OF BOARD — The trustees are as follows: Edmund S. Wolfe, President. President, First National Bank, Bridgeport, Conn.; trustee, Bridgeport Peoples Savings Bank; director, Morris Plan Bank, Bridge- port, Conn.; ident, Bridgeport Housing Company; director, Washington Mechanics Bank, Washington, D. C.; director, Bridgeport Hydraulic Company; director, Farrers’ Dairy Company; Connecticut member, Executive Council, American Bankers Asso- ciation; member, Executive Council, National Bank Frederick C. Burroughs, Vice-President. President, Na- tional Tradesmens Bank and Trust Company, New Haven, Conn.; treasurer, Elm City Building and Association; director, Fidelity Mortgage & Invest- ment Company; vice-president and director, Lang- rock & Co., Inc., New Haven, Conn. William E. Burnham, director, First National Bank of Bridgeport, Conn.; president, Board of Apportion- ment and Taxation; also Board of Contract and Sup- Division, American Bankers Association. ply, Bridgeport, Conn.; director, Bridgeport Chamber 5 ¢ of Commerce; president, Pacific Iron Works, Inc.; Frederic E. Kingston, F. E. Kingston & Company, Hart- director, Automatic Machine Company, McNab Com- ford, Conn. pany and Collins Valve Company. Chauncey P. (.;v;u. r., director, Scovill Manufacturing H“?:])gd,Ei: :(lgzstom F. E. Kingston & Company, Hart- nn. Company, iWaterbuty; Cann; Martin Lee, cashier, West Side Bank, Bridgeport, Cona. Counsel—Day, Berry and Reynolds, Hartford, Conn. MANAGEMENT — The trustees have contracted with F. E. Kingston & Company to act as fiscal agent for the term of five years, The fiscal agent manages the financial operations of the Trust under the supervision of the trustees, who review his operations in detail once every month and have placed before them individually a detailed weeki report of his transactions; he further is under the direct supervision of an investment committee of trustees whi passes upon each new investment before it is consummated. Within the prescribed percentage limitations, and sub- ject to the above supervision, the management buys and sells for the portfolio at its own discretion from a list of securities previously approved by the trustees, or in emergency cases, approved by the investment committee, INVESTMENT SERVICE — The management has at its disposal for the constant determination of present and future values of securities under consideration, a particularly well equipped research and statistical organization, fully provided with all the necessary statistical data, records, reports and the best financial investment service publica- tions. Through New York and Boston contacts and affiliations, a reliable and timely fund of information is avail- able for the benefit of the Trust. Comparative Balance Sheet April July October Mareh 12 Assets 1928 1928 1928 1929 Cash on Deposit and Call Loans RN TN $ 250,091.32 $ 872,613.12 $1,218,104.60 $ 867,012.16 Securities—Stocks e 1 941,537.51 1,334,690.90 1,816,020.09 1,587,796.66 2,578,751.58 Securities—Bonds RGBS 311,377.95 467,598.18 538,477.49 629,132.85 137.00 Accounts Receivable . 6,907.66 23,706.29 6,563.63 Accrued Interest on Bonds 5 5,434.30 8,541.46 8,688.18 10,538.67 Prepaid Insurance . s 7 1,327.50 787.50 450.00 112.50 Total Assets c $1,476,083.56 $2,085,415.65 $3,236,248.88 $3,452,24891 Capital and Surplus Preferred Certificates . v $1,435,000.00 $1,768,597.50 $2,092,307.50 $2,129,232.50 Common_Certificates ; s 25,000.00 213,945.00 984,747.99 1,096,856.00 Reserve for Preferred Dividends ki 18,879.03 18,879.03 Surplus e LR 16,083.56 102,873.15 140,314.36 207,281.38 Total Capital and Surplus . $1,476,083.56 $2,085,415.65 $3,236,248.88 $3,452,248.91 Net Income .. $41,140.68 $143,132.67 $228,089.00 $327,892.41 Dividends Paid—Preferred : 14,537.20 40,259.52 63,895.61 101,732.00 Net Profit from Operations G 26,603.48 102,873.15 159,193.39 Reserve for Preferred Dividends .... oo 18,879.03 Net Profits Estimated e 26,603.48 102,873.15 140,314.36 207,281.38 402,949.08 PROVISIONS OF PREFERRED CERTIFICATES — The cumulative preferred beneficial ownership certificates of The Guardian Investment Trust are entitled to cumulative dividends at the rate of $1.50 per annum, payable quarterly on Janucry 1, April 1, July 1, and October 1; have priority as to assets and dividends over common certificates; subject to redemption at $30 a share plus all accrued dividends and, in case of liquidation, entitled to $30 a share and all accrued and unpaid dividends. Dividends free from the normal Federal income tax. RIGHTS UNDER WARRANTS — The preferred beneficial ownership certificates carry non-detachable option warrants entitling the holder to subscribe for an equal number of shares of common beneficial ownership certificates at $30 per certificate during the calendar year 1929, at $35 per certificate during the calendar year 1930 and at $40 per certificate during the calendar year 1931, DIVIDEND RESERVE — No dividends can be paid on the common certificates in excess of 85% of the reserve of net after preferred dividends, until such reserve is equivalent to at least five-years’ dividends on the outstanding pre- ferred certificates. NO BONUSES — There can be no gratuitous distribution of certificates and no organization expenses for the Trust. Both the organizers and managers of the Trust are putting their own capital into the purchase of its securities, as well as their time and energy, and they can be rewarded only by making the Trust such a complete success that these securities will be materially enhanced in value. RESTRICTIONS — The fundamental Trust agreement prescribes rigorous limitations as to percentages of investments in various classes of securities. EXPENSES — The overhead of the Trust is negligible. Practically all income, ufter taxes, accrues to the benefit of the certificate holders. The fiscal agent has contracted to bear all expenses of the Trust for a five-year period except taxes, salaries of officers and employes of the Trust, and trustee and counsel fees. These salaries and fees are nominal. AUDITS — Hadfield, Rothwell & Soule, certified public accountants of Hartford, Connecticut, supervise the accounting of the Trust and audit its accounts annudlly. Intermediate audits are made by designated trustees and reported to the board. The president makes a monthly audit and report of the contents of the portfolio. Legal matters in connec- tion with the issuance of this issue of preferred beneficial ownership certificates have been approved by Messrs. Day, Berry and Reynolds, Hartford, Connecticut. . INFORMATION FOR CERTIFICATE HOLDERS — The Trust will make available to any certificate holder on reason- able demand complete information as to the contents of the portfolio at any given time. Balance sheets and earn- ings statements are issued semi-annually. DIVERSIFICATION — SAFETY — The Guardian Investment Trust affords investors of all classes expert management of funds placed in its care and world-wide diversification in investment, in practically every essential industry show- ing suitable progress and return and we recommend and offer, as sound investment, the Cumulative Preferred Beneficial Ownership Certificates of THE GUARDIAN INVESTMENT TRUST At the Market F. E. KINGSTON & COMPANY INVESTMENTS 66-68 PEARL STREET HARTFORD, CONN. TELEPHONE 28121 NEW HAVEN BRIDGEPORT MERIDEN MIDDLETOWN 199 Church St. 215 State St. Winthrop Hotel 438 Main St. Tel. 3-8020 Tel. Barnum 310§ Tel. 3520 Tel. 98 N'EW LgNDON VLAEE"U&‘Y P“l')hANBg‘RdY v WILLIMANTIC ercer Building enter iny ilding indham Nat. Bk. Bidg Tel. 5000 Te'. 2858 Tef 2550 s .'.l'el..lfi > Information contained in the above advertissment, while not guaranteed, has bees obtained from sources believed to be reliabla