Norwich Bulletin Newspaper, March 2, 1920, Page 3

A - -~ B V= = 1920 4 SOME DIFFERENCE! WHAT BEAUTIFUL THINGS "R NATURE POES PRoVIDE U. S. Oiympic Tennis Receives Setback New York, March 1—The vrobabil- ity of an American team competing for the Olympic tennis championship at Antwerp next summer received a severe setback today when word was received from Belgiifa that the date of the tournament could not be chang- ed. The Belgian Olympic committec in its cable to the Amcrican commit- tee stated that the courts would not be ready for play before Augu The cable was in answer lo a re- quest from the Amg-ican Olympic committee and the 1'nited States Lawn Tennis association that N ¢ date of the tennis tournament be moved forward from August 15-23 to the week begin- ning July 5th. If the change could bave been made the American teai which is expected to play in the E: lish eham ps late in June, would Lave gone e United States on 1amed is impossible ational championships which begin aboul the same time. DEMPSEY AND KEARNS READY TO SURRENDER Los Angeles, Calif., March 1—Jack y, worlds heavyweight cham- pion, and Jack Kearns, kis ma commuricated today wi ates District Attorney Robert O'C bonds on the indictments returned against them at San Francisco last week. (’'Connor told ke had not had any word from Son Francisco but would advise ‘them as soon as he received instruc- tions MIKE C'DOWD STOPPED JACK McCARRON IN 2ND ROUND Philadelphia, Mar. 1—Mike O'Dowd. middleweight champion, stopped Jack Me on, Alientown, Pa, in the sec- nd round of a scheduled six round ¥ the first round ntown boxer to nes for the count of his feet the third the floor tive. three t After reg time McCarron was so weak that he dropped to the flgor and took a count of seven. When he was knocked down in the second round his seconds threw a towel in the ring. McANDLESS WINS FOURTH STRAIGHT VICTORY Boston, March 1—David McAndless of Chicago won his fourth straight victory in the national amateur 18.2 balk line billiards championship at the Boston Athletic association today, de- feating Edgar T. Appleby of New York, 300 to 265, in 28 innings. Ap- pleby led until the 22nd inning. McAndiess had an average of 10 5-T and high runs of 44, 33, 2. Appleby’s average was 9 22-27 and he made high runs of 63, 63 and 24. In tonight's match Julian Rice of New York defeated Percy Trump of Pittsburgh, 300 to 275, in 65 innings. It was the longest match of the tourn- ament. Rice's average was 4 8-13 and his high runs were 32, 26 and 26. Trump had an average of 4 3-13 and high muns of 20 and 18. PASTIME A. C. ARRANGES BOUT BETWEEN RANKIN AND FORD Owing to the impossibility of getting Red Reynolds, the Pastime A. C. is compelled Lo go out of town to get a two fisted boy to meet Red Rankin. |So they have secured Eddie Ford of | Waterbury, a good 126 pound boy who i Sapper Cohen and George other good boxers, to box middie of thls month. here in the Bantams Want Game. The Bantamb would like to arrange |a game with the Dare Devils for Sat- urday afternoon or evening and are willing to give them a suitable guar- antee. Also they would like to hear from Plainfield High Freshmen, Com- mercial School or Jewett City Rovers for games. Send answers through the Bulietin or Address H. Collins, Box 437, Baltic. MAFRKET CLOSED STRONG. New York, March 1.—Demobiliza- tion of the rallroads, a supreme court decision favoring ti United States Steel Corpcration, comparatively easy call money rates and all-round ad- vance in erude and refined oil products were the chief influences in today's stock market. Of those diverse developments the decision absolving the steel corpora- tion from illegal practices was the most important, prices rallying quite gener: in the last hour, when the tex* of the court’s ruling was obtain- able. Ralls and affiliated equipments were one to three points higher at the open- inz, but this advantage was Speedily forfeited when pressure against high priced specialties was renewed. This was most marked in General Motors, Crucible Steel and Leathers, where reactions ranged from 2 to 6 1-2 points. Reactions extended to rails, where much of the initial gain was cancelied, investment transportations falling back as easily as the speculative di- vision. Shippings showed similar ten- dencies and food shares become reac- tionary. Traders did not grasp the full im- port of the steel decision until the news tickers issued excerpts, whereup- on United States Steel began to be heavily accumulated up to 95 7-8, an extreme advance of 2 1-4 points, and closing virtually at the top. Independent steels rallied 2 to § points from their minimum with num- erous railway equipments and motors and their specialties rose briskly with petroleums and shippings. one to three points predominated at the active close. Sales amounted to 5.000 shares. In the bond market Liberty 3 1-2's made perceptible recovery from last quite; middling 40.25. Gains of COMMERGIAL week's low level, but others of that group, as well as Victory notes, were | weaker. French municipals rallied {from their ecarly heaviness, but the | general list w: rregular. Total sales, par value, were $13.875,000. Oud U. S. \I bonds were unchanged on call “sTocks. Car Foundry { Am | Ame | Atichison .. .. {Am. Tl & Teiep Amerdcan Can .. Brooklyn Rap T ... Raitimore _and_Ohls 1 Oh ad Northwost | Chreepeake and ohio . Canaclan _Pacific | Central Leather | I Tehigh Valled . New Yark Central Nat Lead g New Northern Pacific RBethchern Steel B Hasen | | Inter Paper Com Products . MONEY. New York, March 1.—Call money low 10; ruling rate offered at 10; last loan 10; bank acceptances & 1-2. steady: 10; high 10; closing bid 9; COTTON, New York, March 1.—Spot cotton CHARLES C. ELWELL, JR. AND R. NEWTON MANROSS Amnounce the formation of a partnership to be known nnde\r the firm name of Elwell & Manross For the purpose of conducting'a general invest- ment business in high-grade Bonds, Preferred . Stocks, and Local Stocks. OFFICE 4 509 Second National Bank Building New Haven, Connecticut March 1, 1920 PN TG U SN b PR S T e Telephone, Colony 3000 i) 6 o out of three. | service rendered to the state take pre- 1of valor, this on the theory that the | services of statesmen, generals and "IN DUCKPIN MATCH | 4 in the Elks’ duckpin g -in - winning took its Team No. 1, two games . Campbell led his teammates and all the rollers of the evening, putting over the high single of 110 and high three- string of 811, The scores: Team No. 4, Elks. 109 92 110— 311 cee;44d278 . 80 - 85— 2434 Combies .... ... 93 82 108— 283 250 254 308 837 Team No. 1; Elks. Hutchinson .. .. 70 102 85— 257! Kirby .88 T4 78— 240! Gee . 98 89 84— 271; 236 265 247 168 ON PALACE ALLEYS A. C. Swan Co. Olson ... .9 105 97— 208 Swartzburg ..... 98 94 107— 299 Chagno . 118 88 105— 311 Gilman . 119. 86 95—, Zeralski .. 151 104 582 477 501 1560 z Wariors. Tague .. . 103 92 113— 308 Hanrahan 109 © 96 88— 293 Lewis 107 83 116— 308 Jacobson . .91 118 104— 313 Wheeler . . 9 91 92— 273 500 480 513 1493 Dobie to Coach Cornell. Tihica, N. Y., March 1—Official an- nouncement that Gilmour Dobie, form- er coach of the navy football team, has signed a three year contract with Cor- nell, was made today. Dobie, who coached the University of Washing- ton eleven before going to Annapoli will succeed J. H. (Speedy) Rush. BILL DOAK NOT IN FAVOR OF NEW SPITBALL RULE Bill Doak, duly listed by Manager Branch Rickey as one of the threel spitball pitchers on the Cardinals, has been interviewed at some length by a baseball wrjter in his home town of Pittsburgh. he burden of Bill's talk is that he’s not crossing bridges until | he gets to them and that he will let| 1921—when spitbailing finally goes out ashion—take care of itself. “Pm not the_only National league pitcher who gets a hard wallop by the new ruling—there are others, many who canrniot throw as good a curve ball as myself. In fact I believe that Dick Rudolph is the only so-called spitball pitcher who could get by this season if the new ruling went into effect at once. Rudolph has a beautiful change of pace, wonderful control, a good curve and invariably c§:iguesses the batter,” said Doak. “I know what I am going to do th's summer—I'm going to try and develop my curve ball, for without the spitter [ am helpless, unless I can toss up a good curve. Then again I know the weaknesses of aimost every batter in | the National league and you can bet| that in 1921 I won't be throwing the ball where bats aré swinging. “I am sorry they saw fit to abolish the spitball—il's going to put scme of us fellows out of business, but they haven’t got me yet, and 1 refuse to be discouraged.” The subject of the emery and shine ball was introduced, and DoaK's inter- viewer inquired about Hod Eiler, the Reds’ hurling ace, said to possess a | shine ball that was almost unhittable. “Is it true that Eller depends entire- ly upon his shine ball for effective- ness?" I inquired of Doak, who replied: “He. does and he doesn’t—-TI'll say one thing for Eller, he has the shiner down pretty pat, but then he also uses a good.curve and has a lot of speed. I don't think the new ruling will both- er him a whole lot. “Eller's shine ball was the secandal of the league, especially in Cinénnati, where he got away with murder. Right near the pitching box at Red- land fieid was a patch of cinders— Eller would walk over, pick up a few cinders, place them in the palm of his glove and rub the ball just enough to scratch the surface—then a few dabs on his pants to shine up the other side, and how that old horsehide would whistle through the air—take weird | little dips and slants as it came up to the plate—l don’t see how any catcher was ever able to hold hime.” Major Leaguers in Luck. A trifle over 400 major league ball players, including quite a few who won't be major leaguers very many weeks, will be on their way to Dixie within a very few hours. There was a day when each man- ager expected to find at least two or three promising candidates in his list of youngsters, but this season th number of recruits who will bregk through the barrier will be far below the average. There seems to be a case of stand pat all through both leagues, largely: for the reason that new talent has be- come extremely scarce, much after the manner of everything else cxcept strikes and rent raises. Which reminde us how lucky these 400 are. Think what it would mean to a nation if every citizen could take the month of March off to get in fine physical shape for the big drive ahead. ORIGIN OF AMERICAN MILITARY DECORATIONS In view of the current discussioa in congress concerning the awards made | by the American government for dis- tinguished services and acis of herc- ism dur.rg the world war, the Nation- al Geographic Society has issued the follcwing bulletin giving the history of the three army awards now bestow- ed and setting forth the circumstances under which they are given: “§n nearly all the countries which are ¢ncluded under the term of great powers decorations for distinguished cedence over those awarded for :mts, other public men high in the councils | of the nation are of more importance, and therefore deserve higher reward than do individual acts of gallantry.! on the battlefield,” says the bulletin which is based on a communication to The Society by Col. Robert E. Wyille, U. S. A, “The exceptions to this rule are Great Britain and the United States, in both of which countries the primary valor decoration takes precedence over | all others, and it is worthy of note that the standards set for these two awards are not only higher than in any other country by they are also more rigor- ously applied. “Awards of the Victoria Cross (Bri- tish) and the Medal of Honor (Ameri- can) are 6o rare and so pbalously guarded that they are undoubtedly the two highest honors which can be be- stowed for valor, and this may serve to explain why they are placed first in their respective countries, contrary | to the custom of all others. An addi- tional resemblance is that neither is ever bestowed on a foreigner. The Victoria Cross is limited to British subjects by royal decrge; ip the case of the medal of honor, there is no law | be awarded by the president to ‘any prohibiting its award to a foreigner, but it has never been done, and cus- tom is sometimes more potent than acts of congress. Ry act of congress in 1861 “The Medal of Honor was instituted | o@ States was in recogniti»n of the and was the|] fact that in an army of modarn times BUSINESS— - $400 000 THE A. C. GILBERT COMPANY New Haven, Conn. 89 Cumulative Preferred Stock Free From Present Normal Federal Income Tax and Connecticut Property Tax. Par Value $100 Per Share Dividends payable quarterly; March 1st. Callable as a whole or in part for Sinking Fund at $115 per share. Preferred 3s to dividends and assets. Entitled to $115 per share on dissolution, T The A. C. Gilbert Company commenced business in 1910, manufacturing educational toys. In its first year the total saies were $37,000. Last year it had become the greatest toy manufacturing 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. 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 company has orders on its books now for over $500,000 of these fans. The profit from the manufacture of this articie alone, it is expected, will more than pay the dividend and sinking fund requirement on this issue - of preferred stock, without taking into account the very profitable toy business. toys retail at prices ranging from $2 to $75 and are bought by people ail over the world, who con- sider 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 1942 1913 ASSETS— o $ 37,272.66 59,610.42 141,736.09 19 19 19 14 15 16 $ 374,626.46 831,049.78 1,182,236.20 1917 1918 ) . 1919 Upon comptetion 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 Then wireless and electrical outfits, chemistry These Gilbert $.771,802.11 1,053,843.47 1,710,086.23 company does not include as an asset anything for good will although it has spent hundreds of thousands of dollars in advertising. EARNINGS— SINKING FUND— _ tired and cancelled. PREFERRED DIVIDEND RESERVE FUND— VOTING POWER— Net profit for the past five years applicable to the preferred stock dividend were equivalent to ap- proximately two and one-half times the requirement and for 1919 about three and one-half times. 5% 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 $1135 per share. Stock to-be re- 20% of the net profits of the Company shall be set aside until a.fund is formed equi\{‘algrit to 16% 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 be rebuilt to 16% before dividend on any other class of stock may be paid. If by July 1st 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, MORTGAGE-— AUDIT— AMENDMENT OF PRO- VISIONS— PURPOSE— No mortgage or lien can be placed upon the property of the Company without the consent of tw thirds of the preferred stock. 5 There shall be an annual audit of the affairs of the Company by a certified accountant, and report of the operations of the Company shall be mailed each year to each preferred stockholder. The provisions protecting this preferred stock are an amendment to the charter of the Company and can be changed in the future with, and only with, the consent of three-quarters of the pre- ferred stock at the time outstanding, but in no event can the rate of dividends be reduced, or the preference in dividends, or in liquidation, or the right to accumulation of dividends, be curtailed or destroyed, or the provisions for retirement, sinking fund and proper dividend reserve be alter- ed without the consent of all such outstanding preferred stock. The money derived from the issue of this preferred stock will be used to increase the working capital of the Company. : We have complete data on file in our office which we will be pleased to submit upon request. Legal proceeding regarding this issue have been under the su Messrs. Bristol & White of New Haven, Conn. We offer this stock, subject to allotment, when, as, and if issued, at $100 per Share and accrued dividend, yielding 89, " SPECIAL CIRCULAR UPON REQUEST. MEMBERS NEW YORK STOCK EXCHANGE. RICHTER & CO., 6 Central Row, Hartford, Conn. NEW BRITAIN SPRINGFIELD pervision of Messrs. Alling, Webb & Morehouse afid’ WATERBURY earliest American decoration. How- ever, it applied at that time only te enlisted men of the navy. In the fol- lowing year enlisted men of the army were inciuded, and by an act approved March 3, 1883, its provisions were ex- tended to include officers in the army, | but naval officers were not eligible for this decoration until 1915. “The conditions under which the army Medal of Honor may be award- ed have been changed from time to time. Today the law provides that: “ ‘The president is authorized to present, in the name of congress, a! Medal of Honor only to each person | who, while an officer or enlisted man | of the army, shall hearafter, in action ! involving actual conflict’ with an en- emy, distinguish himself conspicuous- | ly by gallantry and intrepidity at the risk of his life, above and beyond the, call of duty. * “The Distinguished Service Medal, ! the American decoration which is sec- ond only to the Medal of Honor, can person who, while serving in any cap- acity with the army of the United States, shall distinguish himself or | herself by specially meritorious ser- | vice to the government in a duty of great respponsibility. ’ The Disting- | uished Service Medal for the navy is | awarded under exactly the same con- | ditions as for the army and was es-| tablished by act of congress in Feb- ruary, 1818, “It should be noted that the services to be rewarded with this decoration! do not have to be rendered at thej front, much less in action, the require-‘ ment of great responsibility being the governing factor. It was intended to be used in the same way as the Le- gion of Honor of France aad other similar orders with which European countries reward the great leaders of their military and naval forces. “The institution of the Distinguished Servics Medal in the army of tae Unit- all the fighting is fighting front, but tha® those who served by way of preparing others and those whose services were specially necessary in association with military operations are equally serving in the cause. - g ““I'ne Distinguished Service Cross is not done on the|purely an army decoration and is be- stowed as a reward for ind'vidual acts of ‘extraordinary heroism in connec- tion with military operations against an armed enemy’ not warranting the award of the Medal of Honor. “It is indicative of the growing rec- | ognition of the important position of | chargers. women in the modern state, that b the - Distinguished Service Medal the Distinguished Serive Crcss have been awarded to women.’ Some tailors would make excelleng cavalrymen; they are natural born ~A Lemonade Soller cf Dosia Beveragos of Other Natlons aad Periods GINGER ALE Women Now Includ= This Ginger Alz in Shopping List THE distinctive, delicious flavor of this true gin- ger product—aged and mellowed—has made it the popular home beverage. that women order Grocers report it rogularly for the thome and enjoy the genuine satisfaction that comes from :serving this ginger ale of character and quality. , ‘HARVARD CO., LOWELL, MASS' Boston Branch, 45 Commercial Wharf