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Show TltmUJN JtHJt;, SALT bla city from marketing his products on an equality with producers elsewhere located is not detrimental to his- - community and to himself? S U A IfA I 1A tJ. SEARCH FOR LOST'GOLD SITUATION W. S. McCarthy Tells Spokane Commercial ests Adjustment Need. Says Fate of Intermountain Country Depends on Removal of Discrimination. Bpcur to The Tribune. ' SPOKANE, Wash , July 23 IV. S McCarthy of Salt Lake, president of the Intermediate Hate association and vie president of the Traffic Service bureau of Utah, yesterday related .to ths commercial Interests of Spokane and the Inland Empire the fundamental reasons for the fight being waged by the association for an equitable adjustment of transcontinental rates as between the Pacific coast terminals and cltlea in the Intermediate .. . . territoryMr. McCarthy said. In part. "When I review the history of the struggle of this community for an equitable freight rate adjustment, commencing In April, 188$ over thirty-tw- o years ago It seems rather presumptuous for me, with a mere thirteen years experience along the same line, to be here addressing you on that subjer t. Prevents Business. Since buMntts men in the Interior do h will permit the not make .profits absorption of anv such difference in rates, $15 30 per ton or 85 cents per keg on nails, horseshoes, bars, etc., naturally they must forego the business and the patronage which they have heretofore enjoyed' in the territory to the west. This loss of business would, in turn, necessitate reduction In - forces running all through the various business organizations, through offices, factories, ware houses, freight 'stations and elsewhere, and the transfer of these forces to other places where there was need for their services About the time this change occurtf, the board of education discovers many vacant scats in numerous rooms and finds it- necessary to consolidate schools and release teachers from the service. Dentists, doctors and lawyers who had en Jo.wd yie patronage of many of these people, who left town because of inability to And employment, would And themconfronted with the same necessity selves Not Against High Rates. and, finally, the capitalist who owned "No issue could possibly have 11' ed so onto buildings and was not interested in long and gained such strength as has this freight rates, because he shipped nothing, one, did it not have reason and Justice might find the time to trace the cause of for Its firm foundation, iniring many of numerous vacant office rooms and, conthe years that this contest has been sequently, depleted revenue, to a malwaged much has been said in the public adjustment of freight rates. press and from the platform com erning oppression of the great transportation inDestroys Ocean Shipping. dustry by lndl lduals, state lommissions, "As long as rati carrleia ai granted governmental and other agencies, and. n relief to the extent that though without doubt you already know they have been allowed In the past, no It, I now desire to impress upon you the can long successfully compete with fact that to my knowledge the complaint ship them, and I believe that a rigid fourth of all communities in the great expanse section would go far toward doing away of territory comprising the Intermediate with car to the great benefit Rate association has been, not against of farmersshortages, and other producers of ths high rates, because we have long been country, familiar with and accustomed to them, "W hy should the railroads be permit but rather to the relation of rates as beto destroy our snipping at ths extween different producing manufacturing ted pense of the interior country by taking , and distributing communities. from the ships the tonnage they away "It Is that discrimination which we can best handle? have heretofore opposed, and which', if I as long as a large- - part of the Just correctly gauge the temper of the pro- people of the interior country interests engaged In quietly to the Impositions which submit ducing and shipping have this contest, we will continue to oppose been practiced upon them In the past in until it Is removed and we are accorded the matter will be of rates these freight the equal rlghta and privileges guaranbut. If 1 correctly Interpret teed by our government to every ettizefi. continued, the present sentiment, the time has corns when nothing short of a square deal will Fighters Organize. satisfy them, and I feel that since this forced upon us we should defight "Up to about three year ago the various communities In the intermountatn mand of congress, not only a rigid fourth but an amendment to the law Us solve to section, each country, endeavoring traffic problems in Its own way, fought which will require the grading of trans continental rates. d out their battles with the carriers "In the Interest of your own business and alone; but, realising that In your own communities. I urge you unity there is strength, and having been and to impress upon your legislators the tin the bv effectiveness the railroads taught in obtaining of cooperation, the Intermediate Rate port&nce of prompt action amendment of the law. association, embracing the states of Ari"We need your help in that direction, zona. Nevada, Utah, Idaho, Montana, and well as your financial support. taking in portions of Washington, Oregon as"As business men, you "know that no and California, was organized, and the campaign such as is being conducted In effort of manv producers, manufacturers behalf can be carried on without diyour and shippers in that territory is now rected as a single unit toward ths goal funds, and I feel sure that If you will of Just, reasonable and nondiscrlmlnatory Investigate on your own account and satisfy yourselves as to the facta you will transportation Isrates. believe, as I do, that not only the people carand directed "This work being of this inland empire, but those In all ried on by a number of busy men, who, the territory of the Intermediate Rate or without stint, complaint recompense, devote their time and energy to this association, are Indebted to the Spokane Merchants' association and chamber of cause for the more or less direct benefit commerce for their wonderful persistence of every Individual In this vast and their years of splendid effort. country. "They have teen particularly fortunate "As you know, the maintenance of the as the directors of their camdiscriminatory svstem of- rate making is in having tothe transcontiof prims Importance paign such men as J. B. Campbell, Mr. nental carriers, and they do not spare Rergan and James Ford. "The work this and other similar ortime, talent or expense in their effort to ganizations are doing ls of inestimable attain their ends value to this interior country, and in Of Interest to AIL your own interest you can make no more profitable investment than to give them "Protection of the Interests of our peo-pfinancial and moral support," entails considerable ex- your hearty naturally pense, which. In mv experience, has usuDIVIDEND. STUDEBAKER ally been borne bv the manufacturing and Chirafo Tribune Salt Lake Tribune Leased Wire, mercantile concerns whose actual finanNEW YORK. July 23. When directors cial Interest In the snatter Is In realltv but little greater than yours and mine as ly 3t individuals. only the usual quarterly dividend of 1.71 "Some people appear to think that anv a share will be declared on the common reduotion or readjustment of rates is stock, according to a director here tosolely tothe dvantge of the shipper, day. Thera bate been rumors of t he poswithout realizing that their prosperity, sible disbursement of something extra, whether they ever ship in ounce or not, either in cash qrI stock, to common ls wholly and solely dependent upon that of the producer, manufacturer and disFollowing the directors' meeting a week for the tributor, and the products and payrolls from Saturday, Income account from their lndustrv. six months ended June 39 probably will resulting Issued show Will It will net profits of any banker, doctor, lawyer, be school teacher, music teacher, or other more than l7,OOh,0(H, after all chargea person similarly engaged for one moment and federal taxes. After preferred diviwill claim that a material increase in the dends. the balance approximate population of his community would not be 6,750 000, or more than J1 1 a share on the him to k or to common contend beneficial will he 0.000,000 that a freight rate adjustment which prevents This Is at the annual rate of outstanding. better than the producer in the territory tributary to 23 a share, or more than three times fourth-sectio- single-hande- inter-mounta- in le share-holds- - ra 1HZL. (7Z Petition Is Pending. Tf he is benefited by the increased busines- s- wbteh an equitable- - seals- - of rates freight jyould bring to this inland empire, he is equally injured by any adjustment which deprives that territory of business to which It Is entitled. Before following that line of thought a little farther, let me call your attention to the application, which we understand the carriers are bout to file with the interstate commerce commission for relief from the provisions 'The fourth section of the act to reyulate commerce, which, if granted, e will sanction their proposal to publish lower rates from and to the east that apply to and from the Intermediate territory. For purposes of illustration I will Oae the rate on iron and steel articles which todav from New York to Hpokane and to Pacific coast points is $1,835 per hundred pounds As I understand it, carriers propose to publish a rate of $1 05.. h5ew York to Pacific coast terminals, allowing New York rate to remain where it is at Applying that same method of rate making throutfht the tariff what do you suppose will be the effect upon the city of Spokane It seems to me that a condition some what like this is not improbable. i tThe Resort Novelty Supreme! IS Grand, Spectacular Bafcfomg ,GM Page&safc Primitive Mining Man Makes Plea for Passing of Legislation Method of Mexicans for Securing and Treating Ore . to Aid Metal Industry. Discoverers Use utt statesman once said, "The controls gold, rules the world," and It U conceded that the commercial control of the world's gold supply Is held by Great Britain and the One of the old mines, at least, has United States, not so much because of been located, and the interesting methods their federal gold reserves, but because employed In working It are antirely dif- of their gold production. Great Britain ferent from those 'commonly used by pros-p- e and Its possessions produce 70 per cent tors In this country. Its location, hum of the whole worlds annual output, which dreda of miles from cl' Miration, makes la approximately $240,000,000, while the necoasary methods that are different from United States, including the Philippine those employed where modern facilities islands, ls only producing about 14 per are at hand. Tef the crude ways of the cent of this amount. - The United States and Great Britain prospectors pioneering In Lower Callfor are also the princlu&i consumers of gold. nla are surprisingly complete! so far as Statistics from the bureau of the mint results go. are that in 1918 more than 40 per cent of rI Trenches, braced with' limbs of trees the , domestic output of new gold was In used arts and Industries, and the to prevent . crumbling, were built, .run- United States probably consumes more ning laterally to the fissure containing gold for these purposes than any other be could ore the gold ore. The country. then The director of the mint reports that taken from the fissure at various points, ths original trenches filled In and new In 1919 the United States used gold in ones built farther along as the work manulacturing, and for other Industrial In this way all the upper purposes to tils value of 875,000,000, which progressed. strata of the mine could be worked with- was 1.1,600,000 more than Its own total out sinking shaft and doing expensive production for that year, while the 1820 construction work. There is enough to production dropped down to the (49,060,-00- 0 and the consumption in arts and Inthe mine to keep this method In operation several years By that time it is hoi i to dustries stilt further increased. The United States federal gold reserve of have facilities at hand for the sinking shafts and reaching the ore that lies is now close to (3,20,000.000, while our 1920 farther below the surface. gold production was some (52,000.000 Real prosperity has Tne ore is then shat down the side less than In 1915. of the mountain, on slides built of logs, little to do with the amount of gold to the valley below, where the moat In coin piled up In the government vaults. is What must be done to insure the future terestlng work begins. A large basin in value of our American dollar? built of concrete, eight or ten (get diameter and perhaps a foot deep. In the center of this a large concrete block Stimulation Needed. an upright iron rod. firmly supports We will have to get back to .prewar There la also in the basin a movable conditions and our former gold producblock of concrete which has two slmi because the time may come when lar Iron rode in the top, each with a tion, we turn in must uphold the standard of hooked end. money. Today the United States When sufficient ore has been accumu our no needs nevertheless, reversed lated beside this basin, it ls tilled- with conditions credit; would change this. A counwater and some of the rock credit la somewhat baaed on its try's A Inside. over la placed long pole slipped natural resources, but Its gold Is the the central iron rod, which serves as an source with which Its money standard axis, and under the hoops of the mova- is backed. Professor O. M. W. Sprague ble rock. A burro Is harnessed to the of Harvard university bas pointed out how outer end of the pole and driven around a country's credit may.be estimated. He the outside of the basin, the heavy rook says: pound of gold a country being dragged around the basin as he holds In"Every reserve establishes a ratio of does so. The result, of course, is the credit seven times that amount. complete pulverizing of the ore. . . When foreign exchange returne to Its Next, a quantity of quicksilver is poured stats, and it is bound to happen Into the basin. This absorbs the gold normal In due time, our present heavy gold imparticles that have ben loosened by I he will Immediately change to gold pulverising process. The water is then ports Those who have studied the and tha quicksilver, with its exports. iporsteu. in United the gold States have question fold, remains In the bottom of the basin. come to the conclusion that we must InThe quicksilver is then scraped up, the crease our we if are to meet dirt washed out by panning, and tts the situation,prduction as above and mentioned, quicksilver la placed in a buckskin bag to do this some relief for the gold proand pressed. The quicksilver passes out ducer must be some from of the pores of the akin, but the gold re source. With theforthcoming passing of ths revised malna Inside. Such of the quicksilver as McFadden bill now pending In conremains very small amount is burned gress, the gold United States gold producers out, and the process Is then over. Frank will find themselves able to assist in B. Howe In Popular Mechanics Magazine. keeping up the country's credit by producing more gold to offset the decrease With the establishment of comparative , tranquillity throughout Mexican tha search for the "lost mines of Lower California has been undertaken In real earnest. ALTA A very able country that 27 Wednesday, July suit notable, historical modes of Portraying bathing period with exhibits of modern styles and predictions for the future a magnificently staged pres-- , entation , . The Evolution of the Bathing Suit Modern Bathing Suit Displays by Spaldings and , Salt Lake Knitting Store. Specialmusiorepresentingthe various periods arranged by R. Owen Sweeten, t Unusual stage and scenie effects. Prizes for Prettiest Modem Suits. . Prize for Best Period Costume. Prise for Prettiest Suit in the Wtr Next . -- Wednesday Afternoon. Pageant at 8:15 p m. .Wednesday, July 27 - The evidence showed that the explosion was started In one keg when it was being opened with a wooden tool. At Trident, Mont., in 1917, and at Gowan, Okla , In 1915, similar disasters occurred, and in these cases, the explosion happened the Instant A hole was driven through a keg of black blasting powder with a wooden NEAR MAIN STREET STORE FOR RENT tool. "Therfe aeddonts, the fatalities of which Aggregate eighteen men, are sulficient to prove that black blasting powder may be Ignited bS the, opening of kegs with wooden tools through the medium of a spark, intense local heat, or percusaion, and you are therefore instructed to use no method for emptying ktgs other than through the hole provided by the manufacturer. "The question of making the openings larger and placing them nearer the side of the keg is now being considered by the U. 8. bureau of mines, bureau 'of explosives of the American Railway association, and the manufacturers of explosives, to the end that some means can be devised of foreign Imported gold, which Is bound for the speedy and complete emptying of to happen when foreign exchange becomes black blasting powdF from the kegs; but normal. In any case no otner method than that provided by the manufacturer will be perLincolns Cited. mitted in this state." Message Flans are being made bv the Utah Abraham Lincoln's message te the chapterIn of the American Mining con LINSEED OIL. greaa. cooperation with the state In- miners of the west at the conclusion of DCT.CTH. Minn dustrial commission, to hold during state the civil war, and juet a few hours beJuly 23. Linseed on trnek fair week an Institute for superinten- fore his death, was: "Now that the re and to nrrlre, (2 0316. and we know dents, managers and operators of metal bellion ls overthrown, producing properties In the state, accord- pretty nearly the amount of our national OF FORECLOSURE OF LABOR ing to A G. Mackenzie, secretary. debt, the more gold and stiver we mine, NOTICE AND STORAGE LIEN. have we make the payment of that debt so committees Already tentati'e been appointed to plan a comprehensive much easier. I shall promote their inprogram for the institute, which Is prob- terests (ths miners') to the utmost of Notice ls hereby given that, whereas, Lake Cil;-- , ably the first one of its kind to be held my ability; because their prosperity is C. E Shaw. Semloh hotel. Salt indall-Dodin the state. Papers on various phases the prosperity of the natloq, and Utah, is indebted to the R w, in shall cot a few a 'ery of mine management and practice will prove, porat ion .organyears, that we Auto company. Ltd, be read by Utah operators and discus-slqn- s are Indeed the treasury of the world." ized and existing under and by frtue of If the present congress has a suffi- the laws of the state of Idaho, and duiv held of subjects relating to the cient number of members with some of authorized to do business in the slate of metal producing industry. Lincolns wisdom and foresight, we can Utah, in the sum of three hundred relief for the mlners in the very j two and (382.25) dollars, lor future . Considering this a possi- - I pairs and storage on Oidnmoblle, five- the current annual dividend of $7 a share blllty, the future of gold mining offere passenger touring car, model 44, the said on the common. ' exceptional opportunities repairs and storage having accrued from The , fostei ing of gold mining ls of July, 1920. to July 15. 1921, NEW FARM FINANCE PLAN. d Now- - therefore, the especial Importance to California, AriWASHINGTON, July 23. Enlargement zona and Nevada, but aa W. J..Loring, property will be sold at No. 47 South of the functions and governing board of president of the American Mining con- Second street, Salt Lake City, Utah, the war finance corporation is proposed gress. points out, little Is known by the at publicEat auction to the highest bidder Ina bill now being prepared, according to new generation of Californians, or our for cash on the 1st day of August, 1921, Information senators today, as eastern friends, exce.pt superficially, of at the hour oi 12 oclotk noon, tor toe a substitute reaching for the pending Norris bill the part fhat gold . mining purpose of satisfying said labor l.en, toto perfect a new farm products financing playedImportant In the upbuilding of the Golden gether with the costs of keeping of said deH Hoover corporation. of and the Secretary state, appears to him that an In- property and storing the said property partment of commerce. Secretary Wallace dustry that produced such enormous from July, 1920, snd the lost and, ex of the derartment of agriculture, Chair- wealth should be stimulated in every pospensea of this foreclosure proceeding man Mejer of the war finance corpora- sible way. Dated this 15th dav of July, 1921. tion and treasury officials, it was said, KANDALL-DODAUTO CO, LTD. were prepared to substitute the bill, now Aid Necessary. By A. G. Randall, President and Genbefore Secretary Mellon for approval. eral Manager. The total gold production In California The new measure. It was reported, By Thomas Ramage, Its Attornev. since Its discovery In 1848 amounts to would give the war finance corporation e32.2 enormous sum or 1.720,496.203. In the to the power finance exports of agricultural products without creating another 184S California's production was LABOR OF NOTICE OF FORECLOSURE 10 151.360; In 1851, (75,938 In 1X41 government corporation. AND STORAGE LIEN. No addition In the present 500,000.000 232; In 1x52, 81.274,700. and from 1852 to 1920 production gradually fell off unrevolving fund of the war finance cor- til Notice ie hereby- given that, whereas, It got down to 13.950,000 In the latter poration Is contemplated. It was said, vear, of Chotean, Mont., is Inwhile the state's past records show Alex Burell this being deemed sufficient for farm exto the Randall-- 1 odd Auto Comdebted (20,000.-00port financing as well as commercial that it should have been around a pany, Ltd., corporation organized and aid under and by virtue of the laws Arizona kept up a more favorable pro- existing the state of Idaho, and duly authorize duction of gold during the war and right of TO ISSUE BONDS. to do business in the state of Utah, in across border of California the little the sum of ninety ((90 00) dollars, for laSPRINGiHkLD, I'd.. July 23. Applica- camp oftheOatman. Arts., produced (3,001,-49- 2 bor and storage on one Buiik automotion was made to the Illinois commerce in 1920 There are ten gold bile. 1917, ur type, model commission by the Illinois Central rail- dividend payers in the only United States, frame touring No. 219106, Montana license No. road today for authority to issue bonds and two of them, the United Eastern and labor and said the 26346; 000. storage having totaling 13,860 Tom Reed, are located at Oatman. With accrued from November 3, 1920, to July 15, he passing of the McFadden bill the 1921: Gold Roads mine In this camp RAILS AND INDUSTRIALS. original d Now. therefore, the,' will In all probability . become another (A reported by J. A. Hogle A Co) w ill be sold aP No. 47 South Secdividend paver, not r to mention hun- property Twenty Industrials. 68 27; up .18 Foist street, halt Lake City. Utah, at dreds of other properties possessed of ond Twenty railroads, 72.48; up .5. to the highest nidtler for ores that publiconauction tonnage of reporta 371 commercial failures In enormous the 1st day of August, 1921, at cannot be produced at a profit under the cash the I nlted States this week, against 12 o'clock noon, tot- tne purof the hour conditions and are now Inpresent-da- y last week and 160 a year ago. of satisfying said labor lien, toCorn Products earned (3 58 a share on operative throughout the west. American pose gether with (he costs of keeping of said Common stock the first half of the year, Mining Congress Journal. property and storing the said property from November 3, 1920, and the- costs and gainst 816.79 for the same period in L expenses of this foreclosure proceeding. Imted this 13th day of Julv. 1921 KANDALI.-DODAt TO CO.. LTD. CLEARING HOUSE REPORT. Makes Rv A G. Randall, President and GenSaturday's clearings t 1 912,687 23 rf Manager era Week's clearings 11 697,328 49 Development work In the property of By Thomas Ramage, Its Attorney. Same week lastvear 13,206,025 25 the L Marie Mining company, situated e322n In the Stansbury mountains, but a few PENNSYLVANIA UNEMPLOYED. miles from Urantsville. ls making satisSTOCKHOLD-ERNOTICE OF SPECIAL . JuI-A total factory progress, according to John V. MEETING. The persons were out of work in Long, Jr., president and manager. Notice Is hereby given that a special the principal cltlea of Pennaylvania on main tunnel, which is being driven to of the stockholders of the U tah July 1, according to figures compllsd by tap. at depths ranging from 600 to 1600 meeting Live Stock Loan company will feet, important objectives, Is now In a Idaho the state bureau of employment. the general office of said comat held be distance of fifty feet Kearns building, Salt Lake The tunnel already has entered an In- pany, 1025 on CANADA TO PAY LOAN. Saturday, the 6th day of formation, says Mr. Long. On City. Utah, 1921. at 4 o'clock p. m., to conNEW TORK, July 23. Semiofficial an- teresting the footwall side there ls a bed of eoluble August, nouncement was made In the financial amending article VII of the arand a lively looking quartz bodv on sider of district yesterday that the Dominion of lime Incorporation to read as follows: the hanging wallstde. On the surface ticles ARTICLE VII. Canada will meet her maturity of the soluble lime stratum, the bedding , here on August 1 without new fi- plane of which Is being The capital sto k of this corporation is followed. Is over - fixed (500,000.00, divided into She has been enabled to accomhereby nancing feet wlds in s short distance, the 2500 shares ofatcommon of jhe par plish this purpose through money secured sixty will cut Its- - first objective. The value of (100 per share stock shares from the recent sale of 25,000 000 25- - adit management of the "L" Marie has of preferred stock fit theandpar2500value of year 8H per cent bonds of the Canadian blocked on leases its prop100 The share. and wavs national rail privileges rights and ths Canadian and la negotiating with leasers fur that per k mis and classes of said of each Northern railways, to which road ad- erty the development of the defined areas, stock shall possess are hereby defined as vances had previously been made by the says Mr. Long. follows: dominion government. These bonds were The preferred stock shall be paid divioffered at 614 o yield 6 86 per cent to when earned at the rate of 8 per dends Investor and all were dlspoeed of on of the tent per annum the day subscription books were opened. payable which dividends shall be cumuGiven be converted lative. It at any time may TO HELP RICE GROWERS. to July 1, 1924, into common stock LAKE CHARLES, La., July 23, FedUsers of black powder are given. In a prior of par of aaid preferred stock rate at the eral reserve banks are expected to afford letter issued bv C. A. Allen, chief mining for par of common stock, and upon such rice growers some assistance, according Inspector for the state Industrial commis conversion shall thereupon become and to A telegram from W. P, O. Harding, sion. Instructions regarding the opening of have the same rlghta and privileges as governor of the federal reserve board, In kegs containing the explosive. Thle let the common stock of tha corporation. reply to one sent him yesterday by the ter which has been issued ns a result of When and after any of said preferred American Rice Growers' association. ths many fatalities arising from Improper stock shall have been converted Into comFederal reserve board will expect fed- handling of black powder, reeds as fol- mon stock at hereinabove provided tbe mealows: eral reserve banks to extend same amount of (he preferred stock shall be sure of accommodation to banks discount'To all users of black blasting powder diminished and the amount of common stock shall be Increased to the extent of ing paper secured by rice, as thev will In the state of Utahto banks discounting paper secured by I "At Sublet, Wyo.. eight men were killed such conversion, the total capital stock the message from Washington j last year by an sxplolon of hlaik blast-sai- of the corporation remaining unchanged. cotton, I lng powder In a distributing magazine. The preferred stock shall not have vot- - American Mining Congrets Plant to Hold Institute , cl 95-1- above-describe- 245,-10- 1; -- - 0. 1 5, above-describe- . , FULL 16,000 23x100 Feet BASEMENT-FREI- GHT ELEVATOR floor space adjoining can be had. Location suitable for retail or wholesale business. square feet of upstairs COMPANY ASHTON-JENKIN- S 32 6outh Main Etrest Ing power In the corporation except in the following case- Should any dividend on any of said preferred stock issued and outstanding be not declared for payment and pai d on the regular dividend paying data and so remain unpaid for a period of twelve months, than and so long as such dividend or any part thereof remains unpaid, the holders of said preferred stock shall automatically be empowered to remove the officers and a majority of ths directors and elect officers and the control of the board of directors of the corporation, at which election the holders of the said preferred atock only shall be entitled to vote, and the voting control of the corporation shall then remain with the holders of preferred stock until such time as all cumulated dividends on said preferred stock shall have been earned and paid, at which time the right of the preferred stockholders to vote shall cease and the voting power shall return to the holders of common stock. Any portion of the preferred stock may be retired by the corporation bv purchase or by lot. If by lot such retirement shall be at the next dividend paying date following the drawing, and holders of ths stock so retired shall be paid therefor 105 per share together with cumulated dividends to date of retirement. , Upon retirement the atock so retired shall bs placed in the treasury of the corporation to sale or disposition either as subject common or preferred stock bv the board of directors ss may be by them provided. herein Except upon the contingency noted above the holders of common stock shall exercise the voting power of the Dividends may be paid corporation. upon it in the discretion of the board of directors out of ths earnings of said corporation after all dividends for ths cur- ent year upon the preferred stock' shall have been paid or provided for. In the event of the liquidation of the corporation the order of application of the assets to the liquidation of the etock of the corporation shall be ae follows: 1st. There shall be paid all accumulated dividends upon the outstanding and unconverted preferred stock. 2d. Thereafter the outstanding and unconverted preferred atock shall be paid 105 per share. 2d. The common stock shall share equally, share and share alike. In all remaining assets. t Stock The entire Issue of preferred hereby provided for, consisting of 2500 8100 of value of the share. shares per par Is hereby placed In the treasury of the corporation and may be sold or otherwise disposed of by the board of directors of the corporation at such price and upon such terms as may bs by them provided 3154 M. K. PARSONS. President. SAVE MONEY Buy a guaranteed rebuilt Typewriter EXCURSION Fare Via low-gra- 3- - Marie Development Steady Progress are breaking the law by overloading your truck! You can carry the Same load and even more but it must be You distributed . Buy a HAKJIMS TRAHLER. 8 Com pan v Landes SALT LAKE CITY -- o -- Users Are Black Powder Instructions d. itv I) quarter-an-nuall- y, We Manage Rental Property In caring for 500 or more rental properties we have a steady and constant inquiry for homes and business locations. Beautiful cenery Delicious Meals Modern Equipment Call Wasatch 123. (Easy to remember.) For the service we can render, aak for Mr. Whitney, Ashton-Jenldn- s - Company 32 Main Street. Make us your property manager t. Fast Trains LET US PLAN THAT TRIP E. R. Jennings General Agent Pass. Dept.' 331 Clift Bldg., Salt Lake City. Phone Wasatch 1937 Wasatch 1515 |