Newspaper Page Text
Arthur Brisbane’s Today
Every day Atthur Brisbane, the dis
tinguished editor, telegraphs to The Geor
gian his comment on today’s news.
. {
State Pig Club Agent |
Gioes to New England
MACON, Feb. 11.—Professor James
E. Downing, who has been serving
a= State Pig Club agent for six years, |
will go to New England. He andl
Dr. A. M. Soule, president of the'
@:ate College of Agriculture, are said |
[hree Days Only @& =—=— >
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Men S 356 . N €
Do
G R T R S “\\\;:‘;;‘ /l
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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 . AL '
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 eonjunction with our mid-week spe
3 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 whem accompanied by money order.
The Globe pays porcel post charges.
89 WHITEHALL ST. ATLANTA.
God bless the gy
churches and 3N
blessed be Goc ot
Whojinthisour — BFh '
great trial giveth bt v L
us the churches JSSSEE S Pl
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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. | have my own views and purposes. |
have my convictions of duty and
my notions of what is right.
“But 1 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 promotg 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 Steward-
For full information and helps for Pastors, Sunday School Super
intendents and Women'’s and Young People's Societies write the
Ste wardslu'p* Department
% INTERCHURCH World Movement
gs North America
45 WEST 18th STREET, NEW YORK CITY :
im have been at lnggerheads for sev
;eral vears 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
!nnimal husbandry. His headquar
ters will be at Amherst, Mass.,
Steward of Almighty God
sosory— AT EANTA MR- GEORGIAN -+ =
. ’ . , .
[Cmcmnatt First City }
i To Complete Census
| WASHINGTON, Feb. 11.- (,‘inc!n-‘
Inali is the first large city togcom
plete its census, with Washington a |
lr‘.luue second, the C&nsus Bureau an
nounced this afternoon, |
It is expected the population fig
ures of these two cities will be an
nounced within the next two weeks.
Jr TR eR e S R R A R T
ship Month, climaxing on Sunday, Feb. 22, as na
tionwide Stewardship Acknowledgement Sun-
L,
These are fundamentals of Stewardship:
1. The recognition that life and all its pos
sessions, are a trust from Almighty God. -
Inierchurch Calendar
Tebruary
Christian Stewardship Bduca
tional Period;
February 22, Stewardship Ac
knowledgment Sunday;
February 29, Life Service En
listment Sunday
March
Pre-Easter period for the
aeepening of the Spiritual Life,
Evangeiism and the Enlistment
of Life Recruits.
April
April 4, Easter Sunday, Join
the-Church Day.
Will you dedicate some definite proportion of
your income to His cause?
; There is no cause for alarm in the
lagitation recently started relative to
| discontinuing the O)d Soldiers’ Home
|and using the grounds and buildings
’{or the deaf and dumb school now
!at Cave Spring, according te Samuel
{l. Oliver, president of the Georgia
iSvnut,v, in Atlanta Wednesday.
5 The question of the change was
started at a recent meeting of the
|board of trustees of the school. lae
|announcement that sueh a move
|would be made when the Legisla
|ture meets in June brought forth a
istorm of protests from the old sol
| diers, members of the United Tauygh
itvrs of the Confederacy and indi
viduals.
Mr. Olive 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
|4~~<tnhlishf'd there were forty inmates
i'l‘hf-rf- are ninety old soldiers in the
{home now. The Legislature would
{have to adopt a resolution declaring
Ithm‘e is no further use for the home
before it could be discountinued, Mr.
l()livo. points out.
Those behind the movement want
!tho home for the school and plan to
| take care of the cld solaiers by send
ling them to the counties of their resi
sdonce.
{ D S
' Scottish Rite Home
. .
_ Is Closed to Visitors
On account of threat of influenza,
’\'milnrs 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 rule as a safeguard for the
health of the children there.
| - T
NAVY RECRUITS.
The fo:lowing men have enlisted for
the navy here: Charles Lee Hendre
| son of Greenville, S. C., and John
| Thomas of Tallassee, Ala. Both were
sent to the naval training station at
l.\'owpnrt, R-1 |
2. The determination to execute
this trust by setting aside a cer
tain deflnite 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 |
give?”
Mrs. Lumpkin to Talk
To Parents on Thrift
The regular monthly 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.
'ln 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 f
preferred stock of Armour and Company now outstanding in the hands of the public
Armour Leather Company
(OF DELAWARE)
i $10,000,000 ° $10,500,000
¢l7 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, Il } ¢ Chicago, 11l
* 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 ;
. To be immediately
. issued and out- :
1 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 +IOO,OOO
*54,500,000 Common Stock is reserved to be offered to employees and customers of ths
C ) %
¥ The gr:t:::grs’ Stock will be subscribed for and acquired by Armour and Company, whe
will pay $5 a share for same.
\
The Company will have no bonds outstanding and covenants not to permit the creation
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 issue of
Preferred Stock.
After preferred dividends, the remaining surplus earnings shall be available for dividends
on the Common and Founders’ Stock, in equal aggregate amounts. For a period of
three years dividends on the Founders’ Stock shall be limited if eariings 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 12.69, 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 aver, Mever, Austrian and Platt, Attorneys, Chi
cago; Balance Sheet and Earnings certified to by P rice, Waterhouse & Co., Chicago; Appraisals made
by American Appraisal Co., Milwaukee.
’ Isloo par value, Preferred, 1 Share
Price—in blocks % 200 per block
$lO5 par value, Common, 7 Shares | $ i
(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 ‘
Fisral Agents
wha will on request furnish copies of a letter from the Company giving detailed information, which
can also be obtained at the various offices of Armour and Company.
Wholesale Grocers to
Meet Friday in Albany
ALBANY, Feb. 11.—The South
Georgia Wholesale Grocers’ Associa
tion will meet here Frday. S. 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 Geprgian
editorial page, James B. Nevin has hi%,
personal intimate gossip column. -
headquarters of the association 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 Saf.
Special Valentine dance Fri,,
! 8 to 12. [Rrizes, favors, re
y freshments. Regular admis
} sion price
Lessens Daily. 9
. e Durvi' . LoADIO'S