were incorporated, the former to operate a general store, and the latter to operate a coal mine, both at Natrona, Pa. In addition, the Wyandotte Southern Railroad Company and the Natrona Water Company are owned and operated. The capital stock of the Michigan Electrochemical Com- pany was purchased October 81, 1924. At the last named plant bleaching powder and caustic soda are manufactured, in addition to liquid chlorine. The company imports large quantities of kryolith, bauxite and nitrate soda, and manufactures acids, acid phosphate, alum, alumina, lye, sodas, chlorides, sulphates, salt and other products. The company’s net earnings in 1926 were $912,255.74, and its balance sheet shows assets of $14,339,607.01. Following is the executive organization: Directors—Geo. Fales Baker, M. D., Miers Busch, John M. Scott, Leonard T. Beale, William P. Gest, William P. Morris, Sydney Thayer; chairman of the board, Geo. Fales Baker, M. D.; president—Miers Busch; first vice-president— William P. Morris; secretary and treasurer—L. A. Smith; assistant secretary and assistant treasurer— Warner R. Over; general sales agent—N. E. Bartlett; assistant general sales agent—Chas. W. Bowden; traffic agent—H. L. Crowder; general purchasing agent—Norman W. James; assistant purchasing agent—Herbert W. Ingham; directors of research department—A. E. Gibbs. Herbert Philipp. THE PITTSBURGH GEAR AND MACHINE CO. The history of this relatively small and new company gives proof to the fact that every American workman has, ander industrial conditions in this country. an opportunity ior self-advancement. The Pittsburgh Gear and Machine Company was in- corporated under the laws of the state of Pennsylvania in 1916, just before the World War, and its present author- ized capital is $200,000. The officers of the company are as follows: Frank H. Rea, president and treasurer; Henry E. Rea. assistant treasurer: John J. Jackson, vice-president: