The Independent . ayand Liberty street, to the impecuniousprocess-server, and to accept a mort-gage from him for $3,000,000. By way of procuring cash, certainhigh class securities owned by the com-pany approximating nearly $2,000,000,were sold, and a large part of thismoney was used in acquiring the DareLumber Company and the East LakeLumber Company of North manipulators then issued DareLumber Company bonds for $6,000,000,which were delivered to the PittsburghLife and Trust at face value. As nearly as I can make out fromthe statements read, the old who sold out have
The Independent . ayand Liberty street, to the impecuniousprocess-server, and to accept a mort-gage from him for $3,000,000. By way of procuring cash, certainhigh class securities owned by the com-pany approximating nearly $2,000,000,were sold, and a large part of thismoney was used in acquiring the DareLumber Company and the East LakeLumber Company of North manipulators then issued DareLumber Company bonds for $6,000,000,which were delivered to the PittsburghLife and Trust at face value. As nearly as I can make out fromthe statements read, the old who sold out have received 40 percent of their money, the sum of which(the 40 per cent) amounts to about$425,000. It also appears that theamount of actual cash raised by themanipulators was about $2,000,000. On December 31, 1916, the assets ofthe Pittsburgh Life and Trust were$24,001,; its policy reserve lia-bilities, $21,687,887; total liabilities,$22,391,605:21; capital and surplus (thecapital is $1,000,000), $1,609, Concrete Roads are used widely in Connecticut, like this one leading out ofSouth Norwalk, Built in 1914 under the direction of G, A. Sherron, Engineer. How Concrete Roads Save Gasoline EVERY motorist has observed how his car acceler-ates when he goes from an unimproved road to astretch of concrete; but he may not realize how largea saving of power and gasoline that acceleration he were to travel over a hard even surface habitually insteadof over the average country road, his gasoline bill would begreatly reduced. A motorist in Mississippi has figured out thatconcrete roads in his community save him $30 per year in thegasoline consumed by a single car. Reduce All Items of Operating Cost Concrete roads lessen all other items of operating expense. Thestrain on tires is immeasurably reduced. On the hard, grittysurface they can grip better and do not skid. There are no loosestones to bruise the fabric. The car rides smoothly withoutlunging and plunging over
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