Show ebia vitali june 8 whether or not the stock 0 the eltin national watch company shall ba increased from two lillisn to biye or million dollars will hs decided upon at a special geeting of the stockholders today to day president avery saya that it is simply proposed to capitalize the accumulated surplus of recent years as a stock dividend to the present stockholders stock holders the shares will remain at a par dalae of 1000 officers of the corporation flay they have no desire to stock a speculative se and that the increase in capitalization does not mean that they are endeavoring to do anything of the kind tha stock has paid twenty percent dividends for caauw years but the earnings have been largely in excess of abia neure these surplus earnings have been put into the ant and it ia pro posed to give jhb stockholders something to represent such earnings ear ninga one object ia BO atia stated ia to dieco p cople who undertake to build watch factories tor one million dollars or so by drazine the attention of to the elia plant with tha that it represents but two million dollars of in vestment tha plant of the company alone over three million dollars at the present tim it this build WK were a straight tincture thirty feet wide and ahrea aih it would have a total length of a mile and a half it now gives employment to over three thousand hands male aud a roil of about two million dadara vastly the ial bal direen tiro and three millions and tha concern pays an dividend 0 thirty per cent on two million dollars |