. The Street railway journal . valley. ALLENTOWN, PA.—The first consolidated mortgage of the Allentowri &Kutztown Traction Company to the Integrity Title & Safe Deposit Company,of Pennsylvania, for $750,000 has been filed for record. The mortgage is givento secure an issue of $750,000 bonds bearing interest at the rate of 6 per right to cancel the bonds after 1917 is reserved. LEECHBURG, PA.—The agreement of merger of the Apollo, Vandergrift &Leechburg Electric Street Railway Company, and the Vandergrift & NewKensington, forming the Pittsburgh & Allegheny Valley Railway ca
. The Street railway journal . valley. ALLENTOWN, PA.—The first consolidated mortgage of the Allentowri &Kutztown Traction Company to the Integrity Title & Safe Deposit Company,of Pennsylvania, for $750,000 has been filed for record. The mortgage is givento secure an issue of $750,000 bonds bearing interest at the rate of 6 per right to cancel the bonds after 1917 is reserved. LEECHBURG, PA.—The agreement of merger of the Apollo, Vandergrift &Leechburg Electric Street Railway Company, and the Vandergrift & NewKensington, forming the Pittsburgh & Allegheny Valley Railway capital stock of the company is $1,500,000. The directors of the com-pany are. John S. Cochrane, S. M. Nelson, of Apollo; J. D. Orr, EdwardHill, J. B. Kifer, John P. Klingensmith, Leechburg; S. B. Cochrane, Kit-tanning. PHILADELPHIA, PA.—The directors of the Philadelphia Company havedeclared a regular quarterly dividend of V/2 per cent on the common stock,payable Feb. 2 to stockholders of record Jan. 2 STREET RAILWAY JOURNAL. THE PUBLISHERS PAGE w E wont take any of your time this month with ourown story. A prior claim on your attention hasbeen established by the liberality with which oureditois and our advertisers have provided for your pleasureand profit. As to the results accomplished by the editors, wehavent anything to say—we might seem prejudiced. Butwe do want to say a word or two about the advertisingdepartment in this issue. When 500 advertisers use over 300 pages of space inone issue to set forth their claims for patronage, there arevery strong reasons for believing that these claims amountto something. The interests of your company demandthat every piece of equipment you buy—be it for station,line or rolling stock—should be that which, cost andservice considered, meets most fully the peculiar require-ments of your system. As the best single aid to this kind of buying, it willpay you to read over, page by page, the advertisingdepartment of this issue. It
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