Capital Stock: 
Authorized Outstanding 
($100) 7% Cum. Pfd. .............. 10,000,000 2,500,000 
No par Common Stock—1,200,000—A 1,000,000 sh. 100,000 
B 200,000 sh. 105,000 
Stock Provisions: Preferred stock has preference as to cumula- 
ve dividends of 7% per annum. Redeemable at $105 per 
share. 
Class A Stock: After payment of dividends on preferred stock 
Class A stock is entitled to cumulative dividends of $2 per 
share per annum in cash or the equivalent in stock from 
the date of issuance, in preference to Class B stock. There- 
after Class A stock shall receive in addition one-half of the 
aggregate of the distributed profits and the remaining one- 
half shall go to Class B stock. Class A stock is non-voting 
except in the event of non-payment of six quarterly divi- 
dends and in that case has voting power equal to the voting 
power of preferred stock (if entitled to vote) and/or Class 
B stock together as a class. Class A stock is entitled on 
dissolution, liquidation or winding up of the company to 
accrued unpaid dividends and thereafter to share, share and 
share alike, with Class B stock in distribution of the re- 
maining net assets. 
Transfer Agent: Guaranty Trust Co., N. Y. 
Regstrar: Company’s Office. 
Dividends: Initial dividend on preferred stock at rate of 7% 
from date of issuance to Sept. 30, 1929, paid October 1, 1929. 
Regular dividend payable quarterly Jan. 1, ete. No divi- 
dends have been declared or paid on common. 
Admitted to Trading: April 1, 1930. 
Market: 
High Low 
2614 925 
Management 
Officers: M. A. Kent, Pres.; G. N. Manison, Vice~-Pres.; Willis D. 
Porter, Secretary and Treasurer. 
Directors: M. A. Kent, G. N. Manison, H. M. Vale, Alfred Ely, 
Willis D. Porter, Frank B. Rogers. 
Annual Meeting: Third Tuesday in February. Fiscal year ends 
Dec. 31. 
Office: 350 Madison Ave.. N. Y. 
115