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+% 2. 34 6 --WHAT IT ISAND _ WHAT IT MEANS The par value of stock--does not determine its market or.--actual value, Such values may be above or below the par value, dep@nding upon vary-- ing conditions of the mrmvum} the net value of the assets of the corporation and upon ~many. other factors. Stock of a par va'lue can-- not be. issued by a corporation less than par value without subject-- ing the person to whom it is issued to further liability, while fully pald stock of no par value can . usually boe issued at such price as the board of directors of the corporation imay determine. According'y if a cropora tion has only stock of a par value to ofier and such stock happers to The following authorative explan-- ation is made by George R. Jt treasurer Of the Public Service con pany. The later is referred to par-- ticularly but the statement substan-- tially covers all issues of no par common stock: _ s Mauy corporations are at present Issuing no par stock and just what coustitutes the difference -- between this class of security and ordinary common stock 'is a question often asked. + Statement of Interest Show-- $ P U 2 2 LIN G MATTER be selling in the muarket at }'ess than par, the corporation may be greatly handicapped in 'securing additional capitai. -- Under such market condi-- tlions the advantage of being able to ofter stock of --no par value at or about the market price is apparent. . No general statement can be made of the relative rights and 'values of stock of a par value and stock of no par value, such as the rights to re celve dividends, to participate in the assets of the corporation and to vote, as such rights, and values vary in different -- corporations, _ depending upon the character of the corpora-- tion and the law of the state in which it is organized. Referring, however, to the stock of Public Service Com-- pany of Northern Iilinois, it may be stated that each share of its--common stock of no par value is entitiled to the same dividends, hbhas the same rights to participate in the company's assets as each share of its common stock of a par value. In fact, the one kind of the company's stock nas exactly the--same rights in 'all re-- spects and the same intrinsic value as the other. The only difference is that its common stock 'of no par value can be issued. by the cumpany to its stockholders at less than $100 ing advance weather, lilinols farmers this year harvested a winter wheat crop in excess of last year's pro-- duction, and the seven year average for the state, it was announced to day . by the ~crop reporting board ot-- the--United Btates-- deparunent--of A§riculiture.----------------~--» ~ per share &t the election of the beard of directors tltho\}t'. subjecting such stockholders <to Hurther lability, whfl:n its common stock of par value cannot. M ' Wheat Qutput Bigger than Last Year; Corn Condition . Above 10 Year Average. : The preliminary-- estiate of the yield for the prairie state will be 58,032,000 bushels, compared with 53,025,000 bushe!s last year, and #4, €608,000 bushels for the last seven years. WASHINGTON REP OR T 4t is pointed out that. production increased nearly half a bushe! per acre, while the quality is up to the lv-- year avcrage. _ *J k The unsatistactory phase of m! winter wheat situation, so far as 11-- linois farmers are conc:tne., is that they were getting for it on August 1 at the farm but s6 cents per bushel. 12 cents less than they were recely-- ing ofg the same day ilast year. Muge Crop Assured A bummiper crop of curn .~s Illinois now .seems assured. 'The yield is estimated at"* 334,884,000 bushels, which _ compare with 8!1.0'14& bushels last year. 'The -- condi is 7 per cent above the 10. year average. Better still, Hllinoisans are getling 81 cents per bushel for corn whereas the quotation last year was 66-- cents. ent prices are measurably maintain-- ed. With increased yields of the last named crops, the returns from these staple cash crops, under pres-- ent conditions, will be many millions O dollars in excess of what they would have brought at last year's prices, e sexk Oats, also, are running, way ahead of_ last year, the yiel® now being «stimated at _ 148,917,000 _ bushels, compared | with 1l1v,cav,u0 lagt year. The condition is off 7 per cent from the 10 year average, but the price is up 2 cents per bushel. What prairle state {armers lose on wheat, it i4 pointed ou:, --will be much moré than made good by the Issue road--146~ The work in county will be On state bond Bpringfield, II1., Aug. 14.--Further bids on state road work vl& be received August 29, according an announcement today by the Depart ment of public works and build-- Ings, division of highways. -- The work "to ~be bid on --includes= 5.13 miles of paving in Marion county, sotion,.15, and 9.27 miles in Mont gomery county, ~section -- 19, state Despite numerous setbacks, includ-- ing Just What--Owners of Stock May Expect of It. FOR ILLINOIS districts in great abundante. found a modern electrical pumping machine which represented a coust of 'Did you ever know that --the only. anthracite, or 'hard coal, field in the United States--is located near Poits-- ville, Pa.? Such is the fact:" <~ > _ Therse is an-- area--about 400 .miles long --by" 200 wide and according to authorities most of the hard coal in this country is concentrated in that particular place, .Of colurse not far beyond--arée to be found the soft coal 'The writer upon a recent visit . to Pottsville, as--the guest 'of© Editor Zerbey, of the Pottsville Republican, was privileged to go down into one of the large hard coal mines. The amazing thing about thisg un-- derground operation is that, located This huge pump, in duplicate, is capable of keeping all the water out Of the mine, and is operated by pres-- sing a button either in the room or upon the surface. The company plans to have a similar control placed in their offices uptown, some miles The bi@power plant is located in the soli¢ rock and there is a door which could be 'Closed'" in case of a rush of water and then the power plant could cuntinue to operate as it would be humetically sealed. To think that way down below 'the sur-- face would 'be found a subterranen Agure in which is such a lot of valu-- able machinery and that even in em: ergency it could be protected by clos-- ing a door, when the plant could con-- tinue to operate, seems to be the out-- standing feature of the whole pro-- position. > $100,000. Interesting Feature of Hard Coal Mining Seen in Visit by ---- Writer to the Field Near Pottsville, Pa. Did You Know that all the Hard Coal Comes from a Single Section of . the United States? # - tAmerica. : The 'MM:'.E im-- 'migration means that we have bet-- 'ter material to work '":w centrated effort on the vely This mine is located about 680 feet below the surface and there . dAre twelve miles of--rallroad track in it. The cars are all hauled about by an electrically driven machine dAnd-- the work is done in a most efficient man-- per. The company owning the pro-- porty we visited is one of the larg-- est in the vicinity and every modern method of convenience and appliance for the protection of the employes is g"tllln- ever, it was declared by .P' M olfiolheu&'n.lnn:nnddrmh a state. meeting of social settle-- * "There was never such a chance for effective Americanization teach-- The headquarters : of the Phila-- deiphia & Reading Coal & Iron Co., the greatest single factor of the an-- thracite coal trade are located at Pottavilie with all--of the general of-- Aces, the supply depots, the shops and sales department are located' ut ; CHICAGO. ----. Americanization work seems to be suffering a slight xeaction from its period of after the war activity, but the oppor-- tunity for effective work is better SWEARING BROADCASTER : SOUGHT BY RADIO FANS oul now and are in the right mood amaill addition of new Eg TT is i mo thmk Te mericanization work. «_'"'More than $00,00C0 aliens came Des --Moines, la., Aug. 15--Radio fans of this city are having theit aport seriously interfered with by a powerful sending station estimated to be 300 miles distance that has a loud--mouthed sender wheo frequently sends out "'blue streaks'" of curses that would do credit to a sailor's pat-- Fow wireless stations in the coun-- try have radio-- direction Anders and the --ditrection from which the radjo distarbances emanate cannot be do termined . here. _ County _Attorney V.qh. Beeburger, when asked for epinion as the prosecution ot the offender, ogmu the Arst thing BEST NOW, SA we have. ever to slacken in m-bln-uhufi'mh' Pennsylvania, and 20,000 to Michi--' mumrm:fl this should be carried on continu-- E "'I"' 42. ce Sm a"' '!'vl ;'l _'l benevolent flum with the Ine reler wore af e d anick wide, uil.d part of the &w 'gt; mmflan p show that Those incoming aliegs ao in bodicg £et0,006 and move oo «be inauatcial) ladulzthlutdxmfln £6 Half the are of Slavic 86,000 Germans, 43,000 Hebrews Pottsville's leading newspaper is founded in 1884, 'and with a~circula tion--and business in connection with Aits Pottsville Morning Paper branck Ahat excels all of the other ten daily newspapers of the Pottsville coal ro 'mununod, for in a population of 250,000 in Schuylkill County, there are, twelye daily newspapers, of which i the "Pottsville-- Evening" Republican," and the "Pottsville Morning Paper' are the unthallenged leaders as 'to Anfluence, _business and--enterprize.= shops, -.t:nn nmncnrgm- patching headquarters : at point. Several of the 'otrer rallroads had division headquarters with shops and dispatching 'yards at Pottsvillé. °. ' ~Pottsville's 'banking facilities are equal to those-- of --any-- of the large cities, with the banking concerns 1o-- cated in handsome buildings, and al! of. the financial institutions prosper-- ous and witlout a break 'Tfor the last 50 years, a retord that is seldom Puttsville, while the railroad degart-- ment of the P. & R. has immence _ Pottsville is the capitol of Schuyl-- kill County, the seventh in popula-- tion and fiitk in importance in the State of Penusylvania, and is one of the most progressive, constantly prosperous, ~remarkably ~enterprising inland cities of the nation. 4 Pottsville is the herfiquarters of 60 per cent of the anthracite--coat trade, and has much to do with the handling of that proportion of the approximately 100,000,000 tons of ad-- thracite toal annually mined, prepar-- ed and shipped to market, and Potts-- ville : will be: in the --coal business when all other sections are worked out and gone out of business, because the greater deposits are located in the Pottsville secion, und because of the better system of mining and small percentage of waste. Pottsvillie has: about a hundred steam passenger trains in and out & day, besides its trolly electric sery-- icethat ramifies out from the Potts ville center like the spokes of & wheel. to do would be to dscover his iden-- Ity but would not hazard an opinion on what grounds the distarber could be prosecuted., T The Pottsville region steam ralk roads include the direct service of the Pennsylvania, the Philaddiphia & Reading, the Lehigh Valley, the Jersey Contral, and has clogse,/ con-- nection and . coal land affiliations with the Deleware & I!uu:n.w and the Deleware," Lac anna est-- Pana, I!L, Aug. 15----SBidney Smith, well known cartoonist, was a visitor at the editorial rooma of the Palla-- dium here while appearing at a local chautauque, ~~Mr, ~BSmith, crowtor of "Andy Gump" went through the on-- tire Palladium office and shook hands with -- every emplojye=from carrier, "devil" and --grimy workmen, lo the editors and bookkaepers. . _ Twe of a Kind. f Jclurd&'mn.:el amile Is equaled y by amilo when it gets the Iq"a-'umm Co¥ule w P the The Maccabees have re-- EE HEAD ']WW"'T'T] | BABY INSTATh --|-- moTHERS REPLY] ~> The state fair conference this year | A! offers awards for high scoring chil--| 2: $ dren, that range in cash from $2 to| ¥, $100, and that include a silver loving t ; cup and a lady's gold watch yvalued f «-- at $100, Altogether more than fAfty § awards, totalling over $600 in value _ will be presehnted to prize winning | A! children. o ad _ ym All children in Ilinots between sik| 9; .. and sixty months of age are"eligible.|*¥, for the--examinations which ~will be 4 conducted -- by experts and : will cover | & -- mental --and physical conditions in & * most "thorough manner. _ A0G¢ . ®--~ ~'The conference, DPr. Rawlings 6#' *A1 -- piained,-- is 'really a 'practical school < for mothers. us j e Wt s tures "of local fairs, farmes' picnics and institututes and various health programs, Dr. --Rawlings 'said. -- Last year the dGepartment of public health furnished professional assistance to 75 local,conferences at which n'm more thay 12,000 babies wore ed. . This year more than & hundred conféerences will be furnished with professional --assistance according to Director Rawlings. 4 ; mmmo»e EL ___ _ ____ OOR _ _ _A cssA [AUGUST FUR SALE! ;l".th:ae&c;:lrn::- "I' m --~--1. A TL ks € 22. "ACTHM K: ; : Entry applications now on Sle are :;' trom twenty--fve counties: in Iilinois, att and cover the whole of central Illi--| > nois, reaching from Chicago to Belie-- | : ville.-- Sangamon county, as> usual, | :' hss furnished about half of the total| @ entries. e .t y 4 The Better.Baby. Conference move.| 2 : ment has devéeloped in Ililinois into| * one of the most popular 'of all ftoa| . Calls Répresentatives of War--| & * ring Factions 'to Attend m & Meeting Today. f the United States=Coal Commission, which is seoking to avold 'a atrike now threatened for Septeinber 1. _ .' John-- L. Lewis,internstlional union head, will head--the miners;;: Samuel D. Warriner, chairman of the dpera' will " preside over the. conference. -- _ The position of* the three factors aAs outlined in pre--conference, show-- ~Th»; ----«r--im8 accopting the goy-- erament's. uLu.u(g to -- conter, -- the miners have way backed down trom their dmud" that the operators grant full "récognition' of the iunion." .Warriner=--*"The operators now, a% always, are ready to Arbitrate all dit-- ferences." f 'th Nt y Hammond--"On September 1, the' coal bins in many thousand homes will be absolutely bare. .. It is the duty of the coal--commission--to re« port the facts, to place responsibility where it belongs, recommending a course of actlon in the interest »of for his group.. John Hays course of action in the interest --of those without household fuel." ---- .. . The conference: was expected to last two or 'three days, The main controversy will revolve, it was M dicted around the "check off" system. --the union's method of collection dues, assosments and penalties, This systoin is in operation in the soft coal fAcids but has been turned down by <the anthracite operators. 5 A total of _u:"r:»m were today entered in the er Bables ence-- a feature of the mm"fi?o Fair, established eight yeary ago--a¢ cording to an announcément made by Dr._I. D. Rawlings, who predicted that this year promises: to be the greatest year on record in boint of participation in the conference. The number .of entries is fully two weeks ahead of their regord--breaking reg-- istration of ~last . year,. the dlroctT announced, and every mail gives it a new boost upward, £ Under the "check off" system, the paymaster at. each coal mine takes from the monthly wage of each work-- ér the amount of union dues owed to the miner organization, m to the treasurer of the local | union. Such a system, the operatora hold, is "against the public good" and affords a "club in the hands of the union over the miner who doss not desite to join the union." . : $ «# Springfeld, IHNL, Aug.,.185--Where is the best baby in Illinois? From the width and breadth of ufl'num answering cries, as. proud mothers rush to the championship -- of their offsprings. _ , j REPRESENT 25 COUNTIES All other differences between the employer --appéar --to haveo been 'sst. tled by agreement at the conferences held recently at Atlantie City. ~ -- coolmpar Ac;:. & + Washington, Aug. A5--TH rst. of-- fort of the Coolidge «d-'laml:fi to eond the daadlock existing between anthracite operators and--miners "in the negotiating of a new wage scale --the calling ot tives from each of the two hg groups to meot the United tes: Coal Com-- mission to New Y this afternoon-- is expected to in a spgedy ro-- sumption ~-- of -- negoliations, ~ govern-- ment dfficials declarsd today.~ Mothers of 575 Babies Have}}:. +/ Entered Them in--the State I( es? It was stated the --administration would not contenance :.y projonged discussion of the big nt at lassne between the operators 'and minors, Mediation --having been . offéred by the government through the U-('t'u Rtates Coal Commission, it was telt in officlal circlos that private quarrols nation to a coal, strike with all its attendant hbhardships and> suffering between the operators and miners, ovuuqms-o- that.is _of no interest to the public¢, should not subject the _ _DOOLITTLELEL & WHYTES! _ Remodeling Sale »We are now getting the figures and Poland nearly 3 trillion Polish ,\lp&er ey of certain COUR-- marks (2817 w series " " of their £es0ec-- -- What is a trillion? -- We know tive units of currency. 'latest of Record U sheatinly 5o pficipnst $ovant iie nairacnd ohace marks; Austria pver 5 trillion and if we are able to measure in rerlcy at mw Yug of this new unit in which we tative bigness of the "trillion" in paper rubles (44 )« + are now theasuring. the multiplied which the currencies of 'at least 4 ~But "even if w'mfi Mm money ~of the ooum emftiunumwncmun'. Soviet paper money -- 's no 3 e:nmubhnu If, to count one silver coins lonnfr:cbio' 'in the statenents jout of t class. ;-- would require the continuous serv-- ot wue-tn-z'lnn' from rommumhbm iao!mmouhudn:.c-n. week to week in Anancial re-- said a Mdrush{achutomtnmmoncdu- re-- ports of ~ltils. interesting in The National City Bank'of New quire the service of one thousand to try to thend the meaning York, is difficult, but can at least men one hundred years. > & "_.. 7 u f T s m'--v GmuR CX aee t vaetee Sovlnrcpn n::oy"m"%nmennu ut world ' 'h"bl.nuo' '"..o-.}-olt < * o e m&uwnkhxg Anancial re-- uldm« mflmhm in The Nation: to try to thend the meaning York, is diffic Beaded Bags and Jewelry Novelties-- e new «teagures ®f, w$rld--car-- o{ the word "trillion" in whith at reacy. n?-«-a- ther then Autht »tpuincly a% now count their money !'!!l.v-'e.!;{{!l!t 2 ;*-!_'f"?.:m!r;e'_"g and one measures it by quad. [*5¢' E> Now in Full Swing | 'New Fall Dresses Men & Boys' Clothing Starts next week. Watch for the next issue! This sale will save you $ $ $ on------ DOOLITTLE & WHYTE Pleats and #rills and si.zight lines, --[-- i. *:= * says Paris, These inexpensive frocks . | echp that sentiment. Bince pleats are :'_ ; the--unrivaled~ vogue, © these -- straight-- P ~ line, vivacious frogks interpret them ~+*\ " in the crepe--y and satin--y fabrics that ' H take beautifully to this mode. You kN.R Ay will note--and commend--their sim-- \W m plicity, their graceful sleeves, their E) l6 :] well--cut neck lines, These new frocks e -- at this low price have as much style *~ it and smartness as most --$50 and $60 ' dresses. Don't take our word for it, j P ! come in and see for yourself. .For * good taste and they're unrivaled. ~~~ ) : @ % [ : .-- We have bel:r ver{ fortunate in find-- ing a real high class beadcd bag at a moderate price. Formerly beaded bags sold for $5 to $10. Now you may have them in brown, bluse black at the exceptional 1. memine wl \ price of .. Jewolry novelties being more popular than ever this Fall and Wintor, wa have purchased a large assortment of the newest,. including ear drops, choker necklaces, sautoirs, m«. party bags, otc. All very reasonably pri tial «eclipse of the moon : will 'be visible in lllinois and ~throughout the middle west on the morning of August 26,-- according to announce-- fiw} currency. The latest reports meny the note m. c?h'tk?' & l._.;i trillion marks nd tri Polish nae, arinpdane). * *~ Springfield, I!1., Aug. 15.--A be Idl%by & simple We all know + Idly 406 capers coantct l.'c'e?t:. d' te them. The tr¢ ury cmo at Washington :: count silver> dollars in one hour, but that imcit Iiu'lit:;vorihfi A s cxbert. ie 4 Sourt 4 d on expert peil 31 -ef?h.. days, but that is only the beginning of the billion, and if this same counter were to go ments made by local observels. The . eclipse will lkst about an hour and a half, beginning at 4:5% a. m. The . phenomenon --will be -- readily visible= to the unaided eye, it was said.~ ; prull