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Georgian’s Boys and Girls
Something new every week day for
boys and girls to do. Entertaining and
useful.
State Pig Club Agent
Goes to New England
MACON, Feb. 11.—Professor James
E. Downing, who has been serving
as State Pig Club agent for six years,
will go to New England. He and
Dr. A. M, Soule, president of the
State College of Agriculture, are sald
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< Three Days Only &1)
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' Men’s 35¢ o
GARTERS & Y
Here are the famous Brighton
garters that every man in the C
United States knows to be worth
and selling at 35c; our special
BN bbb i
But you must get here Thursday, Friday or Saturday
After Saturday they will go back to regular price as we have reduced
them for these three days only in conjunction with our mid-week spe- ‘
cials—which everybody in Atlanta knows by this time.
Brand new garters without a blemish, made of new live rubber webbing
! and guaranteed to give the same wear as those you pay full price for. The famous
Brighton make—and the name is stamped on every pair.
- Mail orders filled when accompanied by money order.
The Globe pays parcel post charges.
89 WHITEHALL ST. ATLANTA.
God bless the $p
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Steward of Almighty God
What was the secret of Lincoln's power?
He revealed it once in a letter to a personal
friend:
“l hold myself as an Instrument of Prov
idence. I have my own views and purposes. |
have my convictions of duty and
my notions of what is right. e
“But I am conscious at every
moment that all that | am, all that
| have is subject to the control
of a Higher Power.” .
“An instrument of Providence''—
a steward of Almighty God—in that
conviction lay his mastery.
To promote a wider consideration
of the claims of Christian steward
ship, both inside the churches and
out, the Protestant denominations of
America have set aside February, the month of
Lincoln and Washington, as Christian Stewrard
Coiedunts cad Women's 45 Twing Posple's Soiscies write thn.
Stewardship Department
‘e INTERCHURCH World Movement
of North America
45 WEST 18th STREET, NEW YORK CITY N
to have been at loggerheads for sev
eral years and Professor .Downing
has severed relations with the State
College and is now in Washington for
a conference with the United States
department of agriculture, bureau of
animal husbandry. His headquar
ters will be at Amherst, Mass. #
wocson ATLEANTAE GEORGIAN w 1 o
. .
Dr. Richard Orme Flinn,
‘Flw Vietim, Is Better
Dr. Richard Orme Flinn, pastor of
the North Avenue Presbyterian
Church, who has been ill with influ
enza for the last several days was
reported late Tuesday afternoon to
be improving. His physicians state
he will most probably be able to be
out.again within a few days.
ship Month, climaxing on Sunday, Feb. 22, as na
tionwide Stewardship Acknowledgement Sun
day.
These are fundamentals of Stewardship: .
1. The recognition that life and all its pos
sessions, are a trust from Almighty God.
Interchureh Calendar
February
Christian Stewardship BEduea.
tional Period;
February 22, Stewardship Ac
knowledgment Sunday;
February 29, Life Service En
listment Sunday.
March
Pre-Baster period for the
aeepening of the Spiritual Life,
Bvu,nn-n and the Enlistment
of Life Reecruits.
April
Aprfl 4, Easter Sunday, Join
the-Church Day.
Will you dedicate some definite proportion of
your income to His cause?
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There is no cause for alarm in the
agitation recently started relative to
:discontinuing the Old Soldiers’ Home
and using the grounds and buildings
for the deaf and dumb school now
at Cave Spring, according to Samue]
1. Oliver, president of the Georgia
Senate, in Atlanta Wednesday.
The question of the change was
started at a recent meeting of the
board of trustees of the school. Tlae
announcement that such a move
would be *‘made when the Legisla
ture meets in June brought forth a
storm of protests from the old sol
diers, members of the United Daugh
ters of the Confederacy and indi
viduals.
Mr. Qlive cited the contract under
which the State accepted the home
and which says the State.will operate
the home for the benefit of Confed
erate soldiers as long as there is such
a need. At the time the home was
established there were forty inmates.
There are ninety old soldiers in the
home now. The Legislature would
have to adopt a resolution declaring
there is no further use for the home
before it could be discountinued, Mr.
Olive points out.
Those behind the movement want
the home fcr the school and plan to
take care of the cld soldiers by send
ing them to the counties of their resi
dence. . |
. .
Scottish Rite Home
Is Closed to Visitors
On account of threat of influenza,
visitors will not be permitted at the
Scottish Rite Home until further
notice. |
The inmates of the home have until’
this time escaped the illness, and the}
home authorities have adopted the
exclusion rulg as a safeguard for the
health of the children there.
NAVY RECRUITS.
The fo.lowing men have enlisted for
the navy here: Charles Lee Hendre
son of Greenville, 8. C., and John
Thomas ofgl‘anassee. Ala, Both were
sent to the naval training station at
Newport, R. 1. '
2. The determination to execute
this trust by setting aside a cer
tain definite first proportion of
time and income in His name and
for His work. »
America's problems are spiritual
and must find their final solution in
the increase of the spirit of Lincoln.
The spirit of Christian stewardship
that subordinates selfishness to serv
ice, and asks not: “How much can
I get?” but “"How much can I
give?"
Mrs. umpkin to Talk
To Parents on T hrift
The regular monghly meeting of
the Forrest Avenue Parent-Teacher
Association will be held at the For
rest avenue school building Thursday
afternoon at 3:30 o’clock.
Mrs. Samuel Lumpkin, director of
the Woman's division of the war
loan organization will talk to the
members on the subject of “Thrift.”
Refreshments will be served.
In accordance with the announcement of Mr. J. Ogden Armour,
President of Armour and Company, made in this paper yesterday, the
Armour Leather Company is offering its stock for public subscription.
Allotments will be made in the order of receipt of subscriptions, and
as promptly as possible after February 25th, 1920, after which date
no subscriptions will be accepted.
The stock is offered subject to the privilege of subscription to the holders of the
preferred stock of Armour and Company now outstanding in the hands of the public.
| (OF DELAWARE)
$10,000,000 $10,500,000
7% Cumulative Preferred Stock Common Stock
(Par Value SIOO per Share) ; (Par Value sls per Share)
; Dividend on Preferred Stock payable quarterly, January 1, April 1, July 1, and October 1.
First dividend payable April 1, 1920, will be for month of March only. Callable, as a
, whole or in part, at the option of the Company, at 115 and accrued dividends.
\ DIVIDENDS EXEMPT FROM NORMAL FEDERAL INCOME TAX
TRANSFER AGENT: REGISTRAR:
- (Both Preferred and Common Stock) (Both Preferred and Common Stock)
Continental and Commercial Trust and First Trust and Savings Bank,
Savings Bank, Chicago, liL Chicago, il
The Armour Leather Company has been organized under the Laws of the State of
Delaware, and will acquire all of the tanning companies and leather assets now owned
by Armour and Company at figures which do not include any value for good will. The
gross volume of business in 1919 was approximately $90,000,000. .
CAPITALIZATION :
2 To be immediately
: issued and out- ;
; Authorized standing
70, Cumulative Preferred Stock (SIOO par)..525,000,000 $10,000,000
Common Stock (sls par)....................515,000,000 *515,000,000
Founders’ Stock (no par value)........shares 100,000 SIOO,OOO
r *54,500,000 Common Stock is reserved to be offered to employees and customers of the ;
C ;
iThe ‘F)‘?lfr?:eyrs' Stock will be subscribed for and acquired by Armour and Company, who
will pay $5 a share for same.
S
The Company will have no bonds outstanding and covenants not to permit the ereation
of Any mortgages or liens upon the present property of either the Company or the com
panies whose stock the Company is about to acquire, without the consent of the holders of
two-thirds in par value of the Preferred Stock outstanding at the time.
Net assets, based on valuations of November 1, 1919, will be $25,500,000, equal to $255
per share of Preferred Stock outstanding. Net quick assets will be $16,043,564, which is
equal to $l6O per share of Preferred Stock outstanding.
Additional Preferred Stock can only be issued to an amount equal to 759, of the cost
of extensions, additions, betterments and improvements and of new property acquired, and
then only provided earnings for a period of twelve months have been at least three times the
amount required for dividends on all Preferred Stock outstanding and the new stock to be
issued.
The Company agrees to maintain at all times, net assets equal to at least 2009, and net
quick assets equal to at least 1259, of the par value of all Preferred Stock outstanding. '
Earnings available for dividends, after Federal taxes, during the last fiscal year were
$6,195,824; average annual net earnings during the last four-year period were $4,485,215.
Thus, net earnings for the last fiscal year were over eight times, and average earnings of
the last four years were in excess of six times dividend requirements on present issme of
Preferred Stock. . :
After preferred dividénds, the remaining surplus earnings shall be available for dividends
on the Common and Founders’' Stock, in equal aggregate amounts. For a period of
three vears dividends on the Founders’ Stock shall be limited if earnings are less than
$4,000,000.
After providing for dividends on the Preferred Stock, the earnings for the last fiscal
year were equivalent to 18.39, on the Common Stock (this after deducting an equal aggre
gate amount on the Founders’ Stock), and the average annual net earnings during the four
year period were 12.6%, on the Common Stock on the same basis.
: The officers and directors of the Company will be principally those who have been
engaged in the operation of the companies now being acquired, and who have in ‘a large
measure been responsible for their growth and development. .
APPLICATION WILL BE MADE TO LIST BOTH THE PREFERRED AND COMMON STOCK ON
THE CHICAGO STOCK EXCHANGE
All legal proceedings approved by Messrs. M ayer, Mever, Austrian and Platt, ‘Atiorneys, Chi
cago; Balance Sheet and Earnings certified to by P rice, Waterhouse & Co., Chicago; Appraisals made
by American Appraisal Co., Milwaukee.
SIOO par value, Preferred, 1 Share
Price—in blocks { 00 block
: $lO5 par value, Common, 7 Shares S2OO per
(This Is equivalent to price of $95 per share on Preferred Stock and sls per share on the Common Stock)
Subscriptions, accompanied by initial payment of 10%, will be received
on behalf of the Company by - ‘
Continental and Commercial Trust and Savings Bank, Chicago
; or
Bankers Trust Company, New York .
i Fiscal Agents
who will on request furnish copies of a letter from the Company glving detailed information, which
can also be obtained at the various offices of Armour and Company.
W holesale Grocers to |
Meet Friday in Albany
ALBANY, Feb. 11.—The South
Georgia Wholesale Grocers’ A'uocil.-
tion will meet here Friday. 8. J.
Faircloth of Quitman is president of
the association and John H. Mock
of Albany is secretary. Permanent
Caught In the Current
Three times a week on The Georgian
editorial page, James B. Nevin has his
personal intimate gossip column,
headquarters of the associa.tiofi are
in Albany About twenty-five coun-
BRYANT TAXICABS
CALL Ivy 82
‘ Open and Closed Cars
ties are represented in the associa
tion.
Mon., 'Wed. and Sat.
Special Valentine dance Fri.,
8 to 12. Prizes, favors, re
freshments, Regular admis
sion price
Lessens Daily. ?
eSt LEno