(“IT i) itlihlONAll-l to 109-} pee theteli intelligent men and

women reed newepepere.

It follewvp, therefore that the

number of nevvepaper reedere le

approximately identical with the

i reading population."

l 1 1 i

oherlotlietown Guardian Two Cents Morning Guerdlen. Founded 1887

TLjP/Z/fi; ////

The eopie's Papa Covers Prince r Edward.

CHARLOTTETOWN, _OANAADA_1, SATURDAY, JUNE 23, 1923

w . answer the inyrled queetien that

it le edvertielnfe privilege

every household hee in regard .10 supplying lte wente.

\

‘ihe ndvertleer reeponde te the

i-nterrogatlone or the intelligent.

By Mail, Canada end U. S. A. “.60 Annual Subscription: Delivered 06

lanai lwiliilliliiifi

THE llililiilgllii BIJNTINENT

Mr. and Mrs. W. B. Armstrong Made Trip to Los Angoles and Back in Ford Car. Spent $3 for Parts in Over 15,000 Miles. The Ford, a. 1917 Model, “Rambled Right Along” Over Hill and Dale and Through Deep Snow. '

1111151111511: lffibqllxtiieflliipefieillleyflt Mr- flhenlitlsunllivliiiiamson,

do Mrs. ‘w. 1B. ‘Armstrong.ohlhislrsibie l-llli, NW“, WM have just returned from for

formerly several years.

m". they ‘covered 4on0 qgilgg, and coming buck three huii- dred miles less. us they films’ 11y 11 homu- mnte, |ln February and: 1111,01, they rweni up the Pacific tloast from ilos Ailgeies i0 V1" the warm sunshine of ioria. and Vancouver and l‘t“i.ll‘i‘lll‘11. crn California over

but is ‘now somewhat improved. While tile ice was

mp1“ in addition to this they bench, were motoring (hiring the winter mqln-tiiu in southern California, 101M411“: near the ‘Mexican border. So that in the whole ‘time since they left here ihey_.m0tored between fifteen nnd twenty thousand lmilcs. Mrs. Armstrong took

And they made rho whole -trl.p in pond n1, the t-nnm n, a Ford car, touring model, vintage and victor-in, (1! 1917- miles, is all pavcd except IlOO tnilcs

ill looked its good when it arrived hack from its trans-continental tour as when it started.

On the whole ‘trip of nearly twenty thousand mlles_ Mr. Arm- utrottg paid out three dollars for parts for the bus. Going Weslwardlvictnrin $.';0_0o0_ throulgh the United ‘States. llellllfllViiniiriiizil storm, the worst in years

‘oranges selling fili"l‘(‘ ul [ninety cents for a bag of one hun ilrcd pounds.

a real eastern blizzard.

was n hurricane. Newspapers stat

Brazilian Rebels Captured by Reg- ular Troops

(Canadian Press)

(BUENOS AIPRES_ June 22~-Rc- gular troolps in the ‘Brazilian stole oi’ lRio Grande ‘Dc-l Sui‘ have cap- tured fifty Allegretto after a bat- tle with revolutionaries according to despatches from the border. Scvcrul rebel leaders -ind govern-

EXPLMNS

(Canadian Press) IMO-AW-REAL, June aa-The U11

ion Ilunk of Canada this a-fternoon in a circular ttdilres-sed ‘to the shwre-Imcnt of ll. Ti. Shaw, the general holders discloses what is Clltlfllflbef- ized as a “serious condition affect-Pk’. l-lamilton,_u‘ho had been zissi-st-

Dear Sir or ‘Madam:—1Shor_i.ly

i|N|iiNBiNK l1 cilia i

illliilliliillifi

‘ccrnint;

i

tlon of the institution.

Emanagcr, who was succceileil by J.

mcnl. Officers ‘were ltlllel], ing its rest account" The stMe- ant gcni-ral “mamiger -for some _ mam, ("fllrnvgg ' years. Later ou_ the resignation

To the shareholders oftheUillon off". \\'. A<he_ thenssfistziut general

N,’ B, Bank of Canada: milllilgt-r with headquarters in

Landon. iilngianil, was announced

the general financial ‘posi- The most imlportai of tile-so was the retire-

Mrs, Armstrong's fa- mother, Mr. and of have been living there ‘ ‘Mr. Williamson w; Angelcs, where they spcnttnc was in poo;- henlt some time ago.

forming ‘in this part of the country‘ and ‘Bill Flemming was getting |he ztircua ready for hockey matches ‘Mr. and Wlrs. Arurstrong wcre motoring in sunny. uouih- i-oncrcti- roads i485 milru each way. Their wholc and with the hluc Pacilii-‘s warm journey was about twelve thousand wavru laviug the white sand ofthe

‘What :1 ‘placc in spend |he win-

On the first of ll“ebru:iry Mr. and the inland Vancouver This rnud of 1485

At Portland, Oregon, they ran into

ed that it cost Seattle $150,000 to clear the snow from dis street“; and it was ii most

ed Research

(Canadian Press)

the University of N. ifl., has been awurilcil the

search. husk will register at

Delorme Trial Continued in

(Canadian iPress) . MONTREAL, June in court this before Sir Francis Lemicux.

University told of the

Work Scholarship

TORONTO, June 22.~ \Vord has been received by the registrar of Toronto that

William ‘Lusk TVchstizr of S1li‘l1l‘l.('., ‘x

hibliion scholarship" in scicnt. ..

The scholarship is valued at two hundred and fifty around-s and Mr. Cambridge Unlvcrsity next -l'nll where h- \\‘ill carry on research work lu physics.

W-

Montreal Courts

22.-— 'i‘ho case of liov. Father Deloinne was Snow felliconliiiiicii morning in large quantities aii.l the wind

Mgr. Rheume, rector of Ottawa circum- lslances zitteuilant on the (‘illlblfliisil- .ilon of Raoul Delornicis will in (ii- tunvu in 1921 which he witnesses.

before the lasf annual general meet-

‘ in conjunction with the retirement lng your then general manager re~

oi’ Lhc manager of the ldOlldOll 0i’-

chungc from which a. considerable cha ‘-“ 1g |ln» ilatc of his inicudezl loo.‘ to lhc hank resulted. which dep m- hurried humc. in ‘London loss ha? thcn been i'ully provided financial i-irtlcs there were nil for. Having regard, however, to sorts of ruiutirs. all surrouuiling circumstances and ‘Sir .l“lcdcricli Wibliuut: 'l':iylor, u view of the (rhange in lilo g-cil- iwcshii ill in’ the (‘lllliltiillll [tankers oral llliillllglllllPlll of Ibo bank ,il Associaiioii, said today: llmrmigrli i-xiimination and rc-vnlit- "'l‘iu- ilnion lllank is to b.- com- atlon of the bullies assets was lat- nn-udcil on adopll-iig a Wisn and c1" iliciileil upon. This bus been churns-cons cums-c which should conducicil hy the present general lnsphi- conlliiciicc," niuuaw-r, the chief executive ollic- Tin-r.- it. m) longin- nny gj-nnnlj crs cud the uiulliors of the bank. for ilfllfcllvlhililll and there is ‘no and ‘in illliililtill an lll(lt.*l1llildtilll.,(‘X- doubt thc dcclsioii will liavc a rc- ililllildiillli hm.‘ ibeun made by a high zL-‘Hllildlii: in‘iiucnce.. Tim rumors/i cxu-cnlivi- olilizct" oi’ tho llnllK 01' mo. now sulpplaitlcil by facts ilflll u yliiuircui. loaned for the purpose. 1irudcn| dc< ‘ the intcrcstof 'l‘hi.-. vaiuutioti has now hccn T111, 11.301311,“ coinpll-tiail. and after the most carn- 1v.» ‘v1.11. 1~,.;,0g111111,11_ T1“, 6H1. and careful considcriiitiorlJilill‘ Union iiuuk of Canada was found- prcsidcnl and (HTGCIOPG, your exc- ed in i805 in Quclbiec. lit bad, ac-

l

tin-ring illc period’ of inflation and in nddibiou to taking care of these, it is ‘prudciii to make provision in respcct of loans, Llle.~f'uIi ililllilill- lion of which lzas been ilelayed by the wcll known abnormal condi»

cent. were paid. in ‘that your they wcrc llll‘l'L'iiSi‘.l1 in ion licr cenL, and in 1512i) a bonus of two percent

l'i‘l(i, .1‘i|lI‘,_1 2l.-—1\V. It.

Well Known Com- meroial Traveller Dies Suddenly

(Canadian -Press) SYDNEY. Juuc L‘!- Ailgus |’I‘ayl0r. age 4S. iformer proprietor of Glace iBuy HOlPl and for many years a well known commercial traveller dropped dead in his store at Senator's Corner shortly after opening the $11041) this morning. He had been unwell lal-ely.

The ilecieaxaeil was a native of Halifax and is survived. by a widow and several children.

Shantung Chinese

ported to the president and direet- lice, .l. Wilson. W. R. Allan, of - - 01's the discovery of certain unuutb- Vi/innlprus. tiresiiient of the bank. orized transactions in foreign ex-iwas lb | in Lon-don, and hastily ‘

(Canadian Press) iSifANGiflA. June of scvi-nty (iilincsi-

by Shaniutig bandits

hcld |'1l')1Z|lill

(‘lllli ivcs in

rcreivcii hero.

QQ>-_

Several Miebec 1 i Fire Fighters

(Canadian lPrcss)

irutivo officers and nuilllilrs, and (‘Qrfling 1., 11,1. 15,113 1,11,11,11] 11mm. QUEBEC Jun“ 21 __ Suvuru] the oilicer of the ‘Ba-ilk of Montrc- chil r view an uutbozflzteil irapltai fire rnnguni 11m ynlryging 1,1111 1,... ai above referred to, unnniinou-sly or $'l;'|,lilil|,lllill 11nd n subscript-n 11,111 119%,] 1., 111,“, p,“ 5111.11 M1119 "“"""1' 111 11111 11111011111151 _ ll-‘iid-iili <‘11i111“1 "1' $M_OO0.000; the figlrtingc IHB-iifilSLFUlIS firc fifteen

H1- diosws have dcvoloneil 1n l‘."i'f‘i‘\'<' fund was $6,(i(lil.00ll. Rrc-lnllles in width which has been connection with certain loans mndo vlou.; in i918 ilividond-s of 9 per ‘burning over twelve days. it

swept down from ihc north yes- terday and drove away mnny sct- tlers until u. change in the wind szivcil the situation. Many forest rangers were fighting the flames

Members of the Canadian Weekly Press

lHE iiillifi WELEIIME n visual; NEWSPAPEH MEN

Association Were Cordially Received at Borden, Summerside and Charlotte- town, and Expressed Themselves as De-

Desperate Plight

2:.’ ~—-iip\v:iriis

mountain arc in u dcspcrntc might and scvcral have gon- 1ll<i'llll’ since tho foreign prlsont-rs were l'ifli’fl..\'- ed recently according to advices

Reported Missing

The visit to ‘this Province yester- day of the members of the ‘Cains-

was an cvenn. ‘of ‘outstanding lin- portnnce and both in Surnmers-ide and Charlottetown every ‘prepara- tion for thc convenience and cntcr- tiilnnicnt oi‘ the visliors was care fully tirrttngoil. The weather condi- tions Wt‘l'll pcrftacl and it is hoped and believed that the liuprcssioiti loft upon the ilclegutes ui‘ their vis»| it to Prince l‘lilw‘a'ril Island is n’

most favorable cue. (Jertziinly cv- crytbing was done that could be done in the short time -iivaila.ble,to civc them a real good d:iy‘s sight- wus carried through without a hitch.

‘Tile visitors arrived at Borden. on their special train, ‘accompanied by the fo lowing C. N. It. irfficiais: Messrs. A. H. Lindsay, Ailvcrtlslng- Agent, ihhcncton; 1-‘. L. liouguxi. (i. T. A.; G. ll. Lash, of til-e Publicity Bureau, Montreal; C. A. vMeiklcd

the I’. E. l. division. were inc-t by, committees repre- senting Sllllilfllélfiidllédlllll Charlotte- town. After breakfast on board the train they left in about sixty cams

lighted With Their Visit. __._l_

dian Weekly Newspaper Assocln-l tion owr two hundred in number|and charmed with

seeing and reception. The ‘program 15mm! Newspaper Men were den,“ J

showed a lively interest, they en- [j-oyed. a. delightful motor drive to the Experimental Panm, and at 6 o'clock were tendered a banquet, followed ‘by an entertainment, at the Park General ‘Passenger Agent, iMonic-‘ron, 111mm and Superintendent '1‘. G. Grady, of 18M“, liere they den

out a connecting rod when -t‘he 0il|nnd mun-y ‘lumber camps were ob- teeil pipe became clogged by n. bit iigei] to (-1059 (or n nhnrt rims be assisting his half brother in oi illrt. Coming ‘back the brokei They were at Oregon -City, fll- flnrtnosini: it and tho whole was one of the leaves in the rear spring teen miles from lPortlnnd. whenweail aloud before the Wlllliitit-i ct‘- iilion he crossed the bed of a dry the big tvtorm came. The uextduy. ‘11XB11 111$ 111n11l1l111‘i1- Heated i. n- riier. The trail here was very-though garage

milgh and rut-ty, and a

men “011113811011 rGTEIlCPr-l between |he prisoner and drop did i116 611111189. land and reached it. Along‘

‘Honestly. ll didn't expect to road were many cars tho had been reach the coirst in the car,” said abandoned (luring the ‘biizzu-rd of ‘Mr. Armstrong to the i1fl\v3f1illpe1'llli§.lliiy before. representative.

Father lDelorme bad appeared to

evidence and several

i

1W1“, 11w Snnwiumlnations. Adelard llclangsi‘

sudden against. ‘it, they started for Port-11111 coiiilscl were frcipient and the ‘hwiml 1mm“ MW’ me-act-used took voluminous notes of “M” m1" "f by the “w”! 911111‘

" times sions had it not been for the tinex- prompted 111s coumpel in Urns". m“ 1icrtcd and abnormal item-s above ‘Prudence and sound -“11W11ei11‘1111q11es-eighteen inches deep on the lcvelliifiiilrl’ wilo nun! tllc will uml o.» 11 ~"11‘=<' c1111 1<11'=1d@<i11=11@ 111'11v1‘~'1‘>11

lions which followed that period.

‘ 2nd. 'l‘l|e ordinary losses insep ilrfliilll! from commercial and agri cultural banking no melts-r t-oii..-crv:il'ivi-l_\‘ and carefully con been

rofc r rcd lo.

.\ll(‘1l risks iii the current

how

readily

"rum. lnltlll le or count uModeralion League proposal 1'01 tt n. ‘zshlfiifikdlii per cent discount (or G0v0,1,n1en1 001114-01 nnd sale oi il r t r d. uiu m," 1,,';':M 3;','f's;;,',_,°,,,:,, liquor be adopted.

tion with‘ me

how far l would1roail, they drove on, following a ""11" 111111 1119 11611181!" 111111 191c- f

imotor and thou have to buy tick-‘hlg motor [)1|3_ M16,- 33 ".1195 they phoned him about it two ilnys aft- ""“'“ "f '11“ 1mm‘-

e-‘ts for the rest of the journey. came to St. ilieieniv from whicl ‘But ‘We made l‘t right into hos An-‘platze they made their way, with

gelox, and the car was‘ working so out the bus to guide ‘them. to the and were ferried,

well then and had worked so well Columbia river all the way across the continent across to Kclso, tint we saw no reason to stop tis-

Walsh.

_ i A month was spoilt an Vancou

3rd.

1 er the murder of Raoul Delormc. _ _ _ ____¢.@_.____ lorcgoing losses and risk-s.

Liner Baltic Will Carry Liquor Des-

from the rest account to contingent rcsterve account the sum of $-l_250.- ‘O00. ’l‘liis leaves the present p '

wit. (I ._ a I , _ . iioii- oi |he bank as follous. ‘(sapl- mllrf and .'Mrs, Armstrong left fireside U S '13!‘ 1x11004100; rest’ accomn" $1" hert- on Sept. 9, and returned on and relatives. When they came, . ' glgsuouof) 1110M landdoyi ilcfiouililri’ . _ _ '. . ou- ire-s on ani i» - lilo l9. ‘ Going out, they pnsseihback to Los Angelcs in March the, (Canadian “was” m , believe ‘the investigation m“, through st. John, Calais and along whole Santa Clara valley ovns o. \,Ew mVK . .- . .- . . lunoslnn‘ At that cm, they swung “mm of rm“ trees h‘ bloom‘ a- t Y~( . June 22—-\Vuiielappraisetnent of bad and (10ll1iifll1

west on the Mohawk trail and went scene oi‘ through New York, "Buffalo, rlric, in A1111 (flevt land and on ‘into Chicago byifor homo From Trinldnil, Color- lilo Lincoln Highway. They follow-‘ado, they look a new route to cd this road into Omaha. Nebraa-iwuchingion, l).C. They pas-fled 1111. and then ‘took the O. L. D. trail1through the middle south states, lo Colorado Springs. From hero including Kansas, Missouri. Ken- 11111’ ivent to Trinidad. Colorado lucky and West Virginia. The fruit and took the Santa Fe trail through trecu were in bloom everywhere .\ow Mexico and Arizona to Los but in Colorado. 11118911“. arriving there on Oct. 17. ‘Nineteen days‘ running brought H ‘|he trip." said Mr. Armstrong, them to Washington. The average {VB-i u most enjoyable one. We'run per day was over 160 miles. dnl not have a bit of trouble with When they reached the Atlantic tho engine, and we had no illflltrul- coast the climate was not sosuit- 1y in negotiating the mnnntnmo, able for motoring and they ‘stop- he rar climibetl churn wlthnnt nny ped off several days at ‘iloston, Bliccial gearing. and ‘in spite orno llhiiadelphiu and New York. They vacuum feed there was always gas arrived here 3C tlti-ys after leaving 1“ 111v- fltburetor, even on the LOP. Ansvies. steepest. hills. ‘The weather was Mr. Armstrong said he found the 1111c all the trip and we did not roads through New Brunswick very 1111653 single day from travel. it good. ile came from Amherst ivas not necessary to use chain); through iSpriugiuill and the Went- "llylvhcre. we curried them, or worth Valley, past Folly Ili-lkl). "miisc. and a small axe and a tow _"'>-—

“Manitoba Awaits Result of Liquor Plebiscite

A""“‘11'1111E took a fu . Press.)

"1""! and spent sev iiml near about 1.15 . l“

WiNNliHEiG, Juno Z2.—~Wlth both skies expressing complete sutlsfuc tlon as to the outcome of ‘today’:

bailotiting and with went-her condi ‘tlons favorable for the casting‘ of n barge voic, citizens ol‘ ‘Manitoba to (lay nro expressing their wish its ti whether the Manitoba ’l‘empernnci Act. will remain in iforce or the

lnilcsirrlibu-ble beauty. ll they left Los Angcles

Mr. and Mrs. rnlshed npuxl- eral months in the oity. Los A-ngelesis mile-s north oi’ the Mexi-

~~._*_.

>______

L

1 Condensed Specials

vvvvv vvv

“Til-lilo per line day. la c" llne Der do! for I fllvyell-OI’ over Co“: line our do! tor 6 day: or over.

111 ii wurdl to a line. Groups or

zmilhted Room ed. 16o to; lotion _.____-<+o--——-—-

I 8t i. n

-==a.°rT..°§§. 35$. 5.33.3.2. The Weather, E130- zllited. for eeven yards. 60o no!‘ .____ . m‘ ‘t " ronouro. June 2t- Maritime

moderate westerly winds. cloudy

ti l ool. collfllyxahatidi? {nice evening at 5.53 and tomorrow mornins 11¢ 11-011-

‘ i

'FOUND-—ON RAILWAY TRACK a fur scarf. Apply -J. H. Senior. Mi. Stewlft. 2491-23-

‘lfEfii-‘IIIQV officials toiluywvere cou-.ziccoiiuis have been so cecal-chins centraling their ziiteution to the and thorough and relative np1ll‘0' Bergnriti the IDa-ltic slipped into priation so liberal as to warrant. niiarantitie with nix thousandthe coniiideut expectation that con- bottles of liquor under the British sldcrable recoveries will be utlm- ,Gove.‘rnment seal for her next etistlately realized. A policy of econ- bound voyage in defiance of the'omy, as rigid as is ironsisteut with United States dry ruling. iuninrpairetl eillcienc ' - (Canadian Press.) iauguritted, which has already re- “VMSI-HNGTQN, June 22.——Tf‘8il1S-1l1llC€(1 and wiill fu-rthcr materially ury officials arrived at their officesredure -the operating and overhcad this morning to‘ find that the Brlt-lcharges of ‘the bunk illltl in order ish ‘steamer Bel-tic had arrived at to further implement this policy. it New Ycrk with large liquor supbhas been decided to reduce tho (liv- pilus under seal and that llhe Ber- 319111119rgizffigeuzijiuig‘ 11°11"? i“ 9154111 o. . - ..~ ~ _- . . . . inTdcglrgxds entumg “uh a “mil While your picuiilcnt and dirt-Ici- They (icciilrcd that tire cusionlsiplis deeply wsrel 111v 11f‘<‘-§1ty.tor . . . iis announcement, they nie ton officials hiid strict instructions ltllflderl “_ _ . _

_ , t nit you Will uppiitntle that seize “n such stores and mereiit is ‘t complete and candid stille- 51mm“ b“ "O 1111911110“ m’ mo" pmdmentlof ‘the fact‘; and will in the ., . : lust the ‘ " ‘ . ‘iffiifiinb ‘"~‘°rd1ng]y 1m xri-rcutnslzinces, zrpprovi- lhclr deci-

11‘ l" sion. 'The cannot loo strongly NEW $011K‘ rymneuizl‘ ilfikllhfi.‘ you bf their bclici‘ in lhc fiflilmers 0751155“ a 1 i 1 fundamental soundness 0i‘. the‘ \l'111<111 (‘lime 1111-0 11°" m!“ ‘nmming ban-k‘s position. They 1miut out with 1131101‘ 5110511111" “Bggfxfmfggtitgm? that with ‘all bad and doubtful ac- outwnr VOYIIE . l1 ‘-

. , counts provided for not only is l0 111111911 815195 Smjrenw um” the bank's capital unimpaired, but.

P11111113» 111111 “o1 1199" mnlested thfs1lts rest account is still substantlntl lminmn“ but .1115 bennvml m“ As a going concern with a long-l 011311111111 “iimmli-ms hum ma“ 1° eoiaiblishetl and widespread busiv 111111“? *1 591mm 111 1'11"“ 511111111911 news, a splendid earning power, a; ifimofmw ‘mommg "w" 1111mm‘ 1' good will founded on more than‘ l? 11969591"? 1° 11mm‘ m“ {mush half a century of banking sorvlcc, 01191-01115 5951 1n 0M9“ 1° curry om ll. loyal and experienced staff and a1 111911‘ 111511119110113‘ reorganized cxeciltlvo ticlualeil by‘

u policy of strict economy and pru- The Island Trail

dent conservatism it (in-iy requires (The following verse. an orisiir

the trontliined UOIIIlKlGHUi‘ and silp- port of ils shareholders nnil cils- tnnmrs to insure for it u future of progress and prosprritv. 11 variation of the “Imiiii. 1-0113- Mr. it. T. lltilcy. who was udlrect- 'i‘rull". composed yesterday 11y 1V"- Hugh Savage, of the “Cirwivhflil Leader". Duncan, B. C.. one of ‘he visiting IIBWBDBDBP "1011. W111i

0,;- und victi-prusiiltent for mnny

yours and rendered most valuable sung heartily iby the delegates at the Summemlile dinner.)

services to the bunk. has, we are‘ _pleuscd to advise, again itcceptcd a seat on the board of directors. Mr. Riley ‘has collsellloll to act as chairman of the newly constituted executive committee of the board, where his wide experience and sound judgment will bo of invalu- able uervlce.

(Signed) W. it. Allan, Prcsiiltrnt.

"It's OUR long steel trail has brought us “Unto fair ‘Prince 'l‘}<‘-waril's Isle

"Where the Pereherons are perch-

in “And the blooming tale s smile;

Sun sets this morning at 7.54

‘THE E PROFIMW o! TH‘ LAT and rises tomorrow morning at

J. ill. Gaieron. lmigworth Ave.

A fcw ivecks ago some import- "Where the Sliver 101195 111F191“ tut changes in the mnnngcment oi

"And the lobsters skip (with glee

To dlftlvlill! amply for lhc lit has» been dcemetl advisable to transfer

Allan, ‘rcsitlcilt of the Union Bank of ‘Canada, said lo the (ianadhm Press this afternoon that the pub- l hcd statement oi‘ the bank io sh '-'lii‘l‘S l'i'lll'f‘.\'l3lll('ll all iii \ i. lo be said upon this duh- jccl. that llicic had been a trains- fci- from the rest account to the contingent reserve 0f a sum of $4,- 250,000, and a reduction of divi-

dends from tun pcr ccnt. to cighl -r crnt. Tbfs was doilc 1PM‘ con- tzitioo Nlili and zipprovai oi‘ a