Show JOHN F. F BENNETT Z LU G. G MI MANAGER Board Advances Vice President President President dent and Orders Change in Stock Sales John r. r Bennett Dennett is Js man director of oC the tho 7 C Co M. M I. I and anti Frank S S. S ja is assistant manager as aa a a. result of oC nn an election hold b by tho the board of or directors directors directors tors at Ito G April meeting according to announcement mado made last night Mr Bennett Bennett served as vice president of ot tho Institution for tor a period period and during the ast Jast year has acted a as chairman of ot its its' executive e committee A statement pertaining to stock tock sales 18 Issued ue by the directors states At tho the same samo meeting a change chango was mado made relative vu to the proposed selling of ot treasury stoc stock k In November of ot last t year tho board ordered the sale salo of or shares of or tre treasury ury tock stock to Its stockholders at p per r share Duo Duoto Duoto Duoto I to tho the man many remarkable offerings made by the government and large In ln- institutions which would temporarily torn tem yield a greater Interest rato rate than dl dividend would pay on the tho price asked it was thought by tho directors directors tors tora that it would woud be more moro satisfactory I Ito to the stockholders to reduce the amount per share and offer oer shar shares or 12 per er cent at 1 5 per shar share It l was strongly desired however that tho stockholders stockholders should hoUld bo be advised that tho the stock was only worth the amount first thought advisable to ask J A circular I letter will be Issued lug ing the details detalIa of ot sale Kale J |