Show Cons Indebted ness nessA A publication In speaking of tho the bond Issue recently nuth auth by lIy the tha Con directors says Bays The Tho In represents mainly properties pro ertle for which notes wore given giyen and which notes are not yet due duo tome Home of the tho note holders will take taka the tho ow bonds when the notes nots mature Not more than 51 bonds bond will nt at the tho start ShUt the re to roo to iSHUn when whon outstanding ob Illations not yet ot due mature The bonds will wll bo be underwritten anti and offered to tu shareholders The company is in In no Im In Immediate mediate need of or funds rund but It has been by the directors to fund rund expenditures nt at I this time and alioti the stockholders to have tho time benefit ot of net earnings rather thou than to tomake tomako tomake make mako these theto expenditures out omIt of or earn ings imps and postpone any return to stockholders |