"Jars Title and Mortgage
lid the Americsn Trust
mails a. ptsn of pro-
wnlch eventully msy
“C control of those comps-
. the“ bonds or their Int-
f‘ius is sold to be the first
of s largo unsncisl house
I stop in the direction or on;
control.
New York Title and Mort.-
ntpsny is one at the "cost
. - at its kind in the roun-
Mug oIpttII. surplus and
Id. profits of 510.000.000.71”
« Trust Company has espi-
mics and unaudited prontI‘ of
3.578 snd deposits of about
.000.
A. Kshlor. president or
”ponies. slso announced that
up.- bonus checks lisd, been
to catch at the 750‘ employees.
s new profit sharing Irlsngo-
provides for tho occumoistlon
{flock (or sceount of tho Irrployo
tho employees to becomo sb~
posssIIorI or it sitar I tom
. Ono-hall oi' the mtr-l pro-
”swing fund was plsd yes‘ «fly
lash out! tho other hsl! will be
. ed with tho Ameriosn 'l'rust
My to tho account. of ssch
oyoo under the tollowlng condi-
Wt this tund be invested. in
discretion of the directo'"
' .ot the New York Title and
go Company when such
5 .csn be obtained at a ransom-
price. or in other securities
{or trust funds. "sch em-
_ is to receive the indome from
Ilsrs as soon as "to totsl reach-
51,000. As subsequent profit
3 distributions are mad - it is
nod to continue the purchase
‘ Mock. thus constantly increasing
holdings or each tndi 'iuIi.
the employee "all have
had the ago of 60 "1"! the
ipsl is to be turned over to him
cash or securities."
Dtln's Report.
Don’s tomorrow will run:
A]: is not tho season now for in-
amassed operations in other than re-
(lil channels. nor for definite indi-
ot the probable future
an! of business generally. says
Dunn's. Activities hnvs centered on
routing holiday demands. -~-h'~h re-
t he large public buying power.
omc calls for quick shipments
on Christmas goods have come to
wholesale markets. Yet distribu-
ion of heavyweight. apparel has
been checked in many places ‘Iy Ib-
‘lonce 0 flow temperature, “ith lack
of normal snowfall. and mme is
heard of accumulations of ouch
merchandise. The moderate wea-
‘ther. however. has made possible a
"continuation of out-door work for
5 s. longer time than ususl. giving rm-
'|ploymcnt to labor which might
":athorwiso be idln. and tho Novem-
ber building statistics "low that
reachable
in 3
W3
been Dis-nod.
strong points of tho genersi allus-
tion. but elsewhere in the 'ndw
trisl hold I. siouring down prcrcsi" is
visible.
Wsokly bsnk clearings .57 :03...
us 000. . _
lit-pp Stock.
NEW YORK. Dc¢.15.—-Dlfllclm
of tho Hupp Motor Car
lion today authorised an issue of
tressury common stock which with
lacrosse its outstsndlng moo '.y to
per cent.. stockholders of record
December :4 to hove the right un-
til JInusry 10 to subscribe to the
new issue It $12.50,»: share. 'Thc
outstanding common “as quoted on
the market today It 819 to $21..
Hupp directors also voted to re-
tiro the total outstanding prererred
stock or the corporation. and to pay
I. z 1-: per cent. common stock
coma-1y 'divldend on Fobruorv 1 to
hoidqrs of record January 18. in-
cludlsg'owners of tho new issue.
Today‘s sctlon will leave the cor-
porstlon with common stock as the
only outstanding issue, and with no
bonde‘d indebtedness. -
$90,000,000 Gone.
To prevent excess profits and un-
rates, the lnterrtate
Commerca Commission was post-sun-
tied to years sgo by the rcto-nilng
eiemsnts to make a valuation of all
railroad property as a basis {if m-
turo rsilrosd rates. it is now di-
vulged that 890. 000.000 has been ex-
pended fér this purpose without
completing the valuation of any
one of the larger railroad systems.
\Vhst is more it is now conceded
that a. valuation of railroad property
{or rate fixing purposes is imprac-
tical and impossible. The Inter-
ststo Commerce Commission (mind
it impossible to determine the ori-
ginal cost of constructing thz rall-
roads and Congress relieved the
commission of the responsibility.
W'lth‘out this original cost and with
replacement costs constantly changf
in; a valuation is vuluoless.
The railroad reformers ou;lit to
be ashamed to risk the nail-"n to
trust them further‘ in a matter
about which experience has "own
both that the railroad operators
were not so black as painted and
their critics and regulators ntlthor
so wise nor Virtuous as the.- pre-
tended. Many of the abuses ei‘arg-
ed to the railroads were due rather
to the difficulty 0! the suhjcc.“ than
to misconduct. So for as the rail-
wnys were voluntary o’cndcrs
against. business morals. no one du-
trnded them. It the railroad oun-
crs have failed the railroad i-c'orm-
or: have cncountcrrd worm 'Jlure.
lailroad rates which nro t'- he
JUst and fair to all concerned must
be based on a basis or a. {air zctu‘rn
to the owners who provide the nu-
tion's transportation facilities.
00‘ DO“- . r
W .
iishnt'snt by Confirms of 5 rev
fund of 350.000, 000 to provl .
with which‘ Northwest when: firm-
or: could buy ilmtock ind inks
;. other. stag! to diversity their rpora-
' tions was
to Pro ide‘nt
Coolidge by Dr. John; Lee Conner.
went ot the North Dskots .8gri-
cutursl College. and F.' . ' rphy.
publisher of tho Minneapolr Tri-
buns. Di. Cotllter tin: presented
the plan to the President“ I month
I50 and wanted by? the Cl 'o' Ei-
ecutive tosiork ontths- detr"- and
to confer again ytthjhim. ' ~
Soars. filshuck & Co. has - one,
nounce‘d tlitt the company's mini-
mum snnusd contribution to t’ om-
ployees' profit sharing ’ d he!“
utter will be 7 per cent. 0! the sn-
nual net est-sings instead of 5 pct
ccnt.'1‘hs‘*l'stter has con'st'mted
the minimum contrit- " 1 tr thls
fund since the profit shark? plan
was insugursted in 1918. . In that
period the o'otnpsny has psi) ap-
proximately :5. 000, 000 toward this
fund. , .
Hencotorth. the contribution of tho
company Will consist ct ono~th'rd of
tho snnusl’n'et earnings actors do-
ducting figd'orai income taxes sud
after deducting preferred stock out! 3' -
the equivslent of 10 per ccn‘ M the
aggregate par value of the out-
standing common stock. provided
the minimum contribution shall
equal 10 per cent. of the annual n'et
income before- the pa) ment of divi-
donds and Federal income ‘rxcsa
Denver 4:: Bio Grinds Plsn.~
WASHINGTON. Dec. 16.——l‘.eor.
gsnization plans for the Denver and
Rio Grands \Vestern Rsllroszi. in-
volving the issue of $132,000,550 se-
curities were approved todsy by the
Interstate Commerce Comm‘rston.
The road. in the hands of rec-ivory
fro some time. will be turned over
to a new Denver and Rio Grande
\‘l'cstcrn Company. The now com~
pany will have outstanding “22.808,-
000 in general mortgage bond] and
$16,445,600 in 6 per cent. prelerred
The Textile Store.
Fancy Wcsrc'Gordnroy, the isle-r.
for dresses. 30 in.
wide. Yard
Chiffon Velvet
y... .54 .75
Also Astrnkhsn. Chinciv'lls.Clfll
on! and Sport Castings.
130 “’ASHING'ION STREET
SOUTH NORWALK
Christmas Suggestions
Moderatély Priced
I
51.75
treasury. 31D.000,000 o! :wn'lr
finish are:
orshfip of the com
I
Ths2 prijeo of Pennsylvania crude
Idvsnocd as costs to 282.83 s bfsml,
slid in. other districts to 8280. 0th
Mot-n".- grades renisin'. unchsngcg:
This" represents 'tho ‘flrst advanced
in Pennsylvania crude on "since
February 15. when the price of tall
run. through pipe lines in ,
Bradford district mchsd'its mum
point this J’OIH 84. 25. Seven sue.-
cossivs' reductions put rho figure
this: to 83. so on November 13. i
The 'presont price of Pncnsylvsnls.
crude is yet 15 cents I. mm; ‘owor‘
man I. year I30 and 3!." I; one:
lower than the high rrics'. of 1928.}
W
BRANCH: mm .
WASHINGTON. -- Henry M.
Doves, comptroller of the currency,
makes an open sppcsl to the coun-
try in his ssnus’l report tor the
preservation and protection of the
nsflonsl banks.
"‘ yT'Pr
’\
1‘-
H?“
r
‘).«‘J-,..‘ in“: scarf.‘.‘...‘) 3;?“
. ‘39.)?‘15;
. 0111!
coming
stock at this store.
store. ‘
V5 .
.4) '_ 1.22;:114'11 "1;;5‘ ,
[4‘
were from
l
~ -. why
mother
will
be provided by tho‘tvr‘o arms 5
oil in tho firsdford district hss’ been
'trom cnc
.7 oénsliy important is the iguana
o‘vrgr branch banking.
The can roller, 112.132.3123; as
foncement, but he doctors
novr the policy and never has
in plot them in any troy that
would not further the banking
oer-eats of the countr . He declare}
the comptroller always should slot
as a co-or'dtnstor and use his brand
powers only {or the specific pur-
pose of seeing that the attains of. the
notions! banks are sdministei‘sd n
accordance with the livers and to
protect. th national
lament of other mail:
'ing interests against. whom}; ‘ ;they
hire been powerless because of tod-
oral limitations. ,.
. 2"?“ r5 r15
A really lovely Christmas gift for; 1.11.1th
charming daughter of yours. 3'
$17. 50 33
M M and convenient. $25 ‘
Julia. books or. odd nooks to_
Institutions
. mentally or morally ” _
Thskbrsnch banking problem, 112182
depositors .is 7 ,.
enough to ”all: E.
"l" ’25:? ’5; ,3, if? 7.
Christmas Sale of
Junior and Misses; ‘4
A Christina Gift for y‘dhr Dought'er
Lustrous, fine dress velvet, fashions frocks
in a. large variety of styles. Every one of which
is fashion' I last word. Formerly their prices
Frocks
$25to$35
.3533
Junior Dept” ggcond one...
able.
Christmas.
». . asugn in sum where they control-
, s mist. mu of the honking inter;
o A, .
a whowvilt sdtitor two conflictint,
. elm?-
interests}: is incompetent
w , ”not:
.bssisdthumsnscuoo.
’ duztr-isl enter-prince in tho
wss s-entisliy monopolistic
cdthst t'o unmq tits:
on I? desert nts'to‘ bonkers
would not: have some mutusilty or
ests was to ignore the tundsnienisi
“If any lessons sro to be drawn
.rom the development oi' large in.
United
Lilla.” he said. “it is that the prin-
plo of annihilation. ’when once in;
animated. will proceed unless in-
tutored wt by gogernmontél oc-
tion. to s. po t of complete concen-
tration inksndndividual (o ra'group
dominated byhn individual;
_ CANDY
Psrticnlsr Brsnds
. for’the' ,
Psrtiqulsrlu't
to give the
2Psrtioulsrlady
lgents for Parkecsnd Ssmoset
Chocoistcs
comptroller raid.
5 ut issue as to whether-«the couhu:
prefers s system or privately tinned
branch’ banks or s men-vs. "
presents“ s cm
more days before homes trill ring With the cries of ‘lMerry Christmas!” Gal 2
y
_,. more days in which to buy the remaining g’ifts Christmas cards sud favors. During the
days yOu will find extra salespeople, extra service and waist, newly ordered gift
And also, always' that Christmas spirit that: maker; this store a Christmas
New Christmas Gowns
At unusual prises
Rarely is an opportunity like this avail-
Inshlon’ spewest frocks for
With all winter’ a cold ahead, theso‘
frocks of charmeen, Poirot Twill sud knitted
fabrics are most seasonable.
distinctive satin and a
season’ 5 afternoon functions. Formerly much
higher priced—they are exceptional values.
$27.50
A real sale of-
A Christinas Event at
Also included are
crops frocks for the
The Bovi Pharmacy
52 So. Main 8:; Bo. Not-walk
an!
:”E ti‘ o pica,
C. H.At
GHIGHmESTl-ZBS
: ams PM. Mar.
Gifts
from 50
Guest Towels
Fancy
Large -
colored hems
All Linen Scarfs
Boudoir Cap Sets
Separate Boudoir
Glove Silk Vests
For Children
11%;. Psnty Dresses
Cellu- Chests—solid” Csrolms
dgughtsr will 2mm: one to start. her linen
$27
, $12 ,
ides: incorporated
$9.50
perfect Ior s small house, at.
$22. 50
~ siuseful.
Work hast—Tho Puritan in mahogany and
islnp5 ivory-roomy ti the? joy. of. ties:
Nautilus; :4 min,
t. .
it"
chest.
Fine mahogsux chests iinodefith Bedsi- to
Snatch
Ionic! patterns.
her own chair. -
cedar.
White Middies
and Mittens
Wool Hose
Candy
Men’s.
Neckties
Shirts
Leather Belts
.Initisl Silver Belt
Buckles
Key Cases
Handkerchiefs
Main floor.
Jewelry
Bracelet!
Earrings
Strings of Beads,
Ill colors
Bar Pins
Soutoirs
Rosary Beads
Bully Pins 5
no Pins ‘—1
Thimbles _
Mourning Puts .
noun noor- .
Your 2
Fabric countlets
Hair Mean:
M‘Wétil Sport Hose
Sflk’fib‘s’e
Jars
m‘in bowls?
Books Intl Sumner:
30401;, for- men. women and
Writing Paper in gift boxes
Bencilques. . . . ..
Coils: ma Cut! Sets A
Flower Bouquets to be worn with furs
202 Assortments of u
. charm. beauty 0
. aw albthe critical-
! ' ' er HERE—beside;
o
Mom
Jeweler
Washington 3.
;Cl FISTHATL‘
ll 'WIOKD 3
’01s
ossn I .
"kw-sag; 2
mumms'
—~“
r 'rr 'r yi’ r? ,r
Priced
cts. to $2
‘these groups may be
or less—the major.
priced well under the
Linen Dollies-many hand embroidered
Jap'tnese Lunch Cloths
Pair of Pillow Casesin gift box
, lit Bath Towel Sets
cy Bath Towels
Fine Pure Linen Towels—plain or
pith scalloped edges
Third floor.
Gift Satin and Lace Brassieres
Pair of Gift Garters
(garters and cap)
Caps
Shadow Batiste Envelope Chemises
Sateen and Muslin Bloomers
Nainsook and Crepe Gowns
Dolls, dressed or undressed
Toys, games, mechanical to5s, etc.
Handkerchiefs in boxes
Sterling Silver Bracelets
Flms Lined and For Trimmed Gloves
Wool Gloves and Mittens
Leather Pouch Bags, also \anit5 cases
Felt Comfy Slippers
Box Writing Pap):-
Ostrich Feather Fans
Leather
Purses
Card Case:
Vanity Cases
Change Purses
Toilet Articles
Sponge Bag
Bottle.e fine Pel-
fum
Smelling Salts
Compacts
Toilet; Waters
Talcum Powders
C u t c x Manicure
Sets
Men’s Comfort
Toilet Sets
lain floor.
'.
children
. _la_I-‘~l
l
>~r§~ _
Main floor.
Imported Loinbskin Glov es
"Hihak'efiklefi in sets or separate
Halonoor.
,Bon Ban Dishes.
2 Glass Water‘fits, pitcher and 6 glasses
fii'ns Nut, filive sad“ Jelly Sets
, Wmmmwm. ‘
‘d .L.
A. ‘p . .
{F We: 'Pu-fl’P‘MP- ’
"i
‘\i
it
1"» '0'
’22" ‘-l M
P ’97 If: ’9': 'Pr
in
Ii.-
."wf
.Nfi"..’
at
MA
A,
4’th
7
mil:
r
s.» A t
‘»
u
r"v‘rr-l‘l’fr>~€a'r§“§’!r§-‘2"£r~”fr ill???-
.35“ ,.
m
.o
Norwalk Chronicler