Stockholders Liable for Company Debts Court Affirms Par Value Duty
The Supreme Court ruled stockholders are liable for a corporation's debts up to the par value of their holdings, overruling state limits that confined liability to amounts paid in. In a Toledo foreclosure case involving Columbia Telephone Manufacturing of Ottawa and Security Trust Co, the court upheld the trust's claim, rejecting the West Virginia charter provision that after 50 percent paid in, stock is fully paid. The decision binds stockholders regardless of officer stipulations.
MENTIONED IN THIS ARTICLE
Supreme Court
Ghia
Isaulug
Viely Habilits
West Virginia
Columbia Telephone Manufacturing Company
Ottawa
Security Trust Company of
Toledo
Trust Company
Price of Railway Ties Advances Amid Wood Shortage
Railway supply shifts as cedar and hemlock wood become scarcer and pricier. Ties fetch up to forty nine cents each as demand rises, while earlier rates of twenty seven cents are reported. Timber suppliers and logging companies adjust to limited availability, with December route changes affecting shipments and stopover privileges.
MENTIONED IN THIS ARTICLE
Ure
Superior
Ove Corporation
Wilely Ds
Tventy
Henlack
Sen
Dog Taxes Anger Property Owners Under New Law
Citizens line up at the treasurer to pay dog taxes under a new rule taxing dogs by the real property where they are found regardless of ownership. Taxpayers express shock at the higher charges and assessors face questions as they explain the measure.
MENTIONED IN THIS ARTICLE
Prine
Surveyors at work on new interurban line
Riggs and Sherman Company field staff survey the Bluffton to Norwalk route for the Cleveland and Indianapolis Interurban. Seven engineers including J M Comstock J F Gibbins 8 Hall John R and Frank Hale and Harry Hale and Frank Gilmora work east of Pinding and expect Norwalk by Christmas to connect with the Cleveland and Southwestern for a through line to Indianapolis.
MENTIONED IN THIS ARTICLE
Riggs & Sherman Company
Toledo
Bluffton
Ind
Norwalk
Pinding
Cleveland & Southwestern
Te Diana
Lorain steel plant to ship pipe to India in Burma Oil project
In weeks Lorain steel plant will begin shipping pipe for Burma Oil Company destined for the far east. A total of 285 miles of pipe will go from Lorain to Philadelphia and then onward to India. The notice also surveys a curious ad about a smile cure and the reporter notes that want ads in the paper bring results.
MENTIONED IN THIS ARTICLE
Lorain
India
Philadelphia
Far East
Burma Ofl Company
World News Snapshot and Local Notices
Fragmented OCR text reports a mix of global events and local notices. It mentions a powder explosion killing a man in Virginia, a warrant for A L Streeter in Chitage, and various court and political notes. Also referenced are naval launches, ship losses, and international military mobilization plans, along with advertisements for a finance course and buckwheat flour.
Lighthouse Keeper Dead in Lorain
James Connolly, 78, longtime Lorain lighthouse keeper for 33 years, died at his Washington Street home early Sunday. Born in 1825 in Quebec, he came to Lorain at age eight after serving as a lake captain of old schooners. He resigned four years ago due to ill health and lived retired. The Masonic order will conduct services Tuesday at 10:30 with Ray H. D. Sheldon to preach.
MENTIONED IN THIS ARTICLE
Lorain
James Connolly
Washington Street
Quebec
Ont
Connolly
Tlger
H. D. Sheldon
Cooper Allyn Firm Declared Bankrupt in Ohio Court
In the U S District Court Cleveland the Cooper and Allyn firm was declared bankrupt at a recent hearing. Referee Fanvern Elyria will summon creditors to a meeting in his office this week. Gooner, the reluctant partner, did not contest the filing, leaving the bankruptcy order in effect.
MENTIONED IN THIS ARTICLE
Cooper & Allyn
United States
Cleveland
Fanvern Elyria
Eh, QO. Gooner
Defandt
Prohibition Crusaders Push DC Liquor Ban Bill
Hon A R Weebber has led temperance meetings in Washington with church pastors urging support for a bill before Congress to prohibit liquor sales in the District of Columbia. The campaign, named The Prohibition Crusaders, aims to end liquor selling in the capital.
MENTIONED IN THIS ARTICLE
Hon A R Weebber
Washington, D. C
National Capital
Webber
Congress
District of Columbia
Washington
Many Wild Girls Reformed
Columbus December 17 The annual report of the State Industrial School for Girls shows the average number of girls there was 275 with total current expenses of 56 683 12 and per capita expense 142 The superintendent says near ly 3 000 girls have been educated in its history and practically all have returned to honorable and useful lives E C DeWitt Co of Chicago labs for Kodol claim it meets the National Pure Food and Drug Law standards and is sold by druggists in the area Reporter Want Ads Hiring Results
MENTIONED IN THIS ARTICLE
London
Roosevelt
Lfe
Columbus
State Industrial School For
E.C DeWitt & Co
Chicago
Elyria Woman in Murder Case
William Brasch, 18, stands trial in Rochester New York for a murder last June. He allegedly pushed his wife into a river canal so he could marry Mary Gilmore a former Elyria resident. Gilmore formerly used Deltrich and Cornelius Gillmore as names and has twice been married, with divorces from each husband. Police inquiry found no record of a resident by that name in Elyria, though she testified to the court. Her testimony could seek Brasch's electric chair.
MENTIONED IN THIS ARTICLE
William Brasch
Rochester
N. Y
Brasch
Rce
Ryasch
How Men Do It During the Holiday Shopping Rush
The piece humorously contrasts male and female shoppers at Christmas. Merchants display abundant goods, perfumes, and colors as women shop early, while men delay until Christmas Eve, rushing to grab whatever is available, often misbuying items like lamp chimneys. The article wryly notes the common last minute frenzy and practical excuses for the male impulse buy.
MENTIONED IN THIS ARTICLE
Cleths
Aged man dies on Case Road after long residence
Henry Gentes longtime resident of Case Road died at his home Saturday night at age 80 years and five months. He was well known in the community for many years and had lived in the area for most of his life. The report notes his passing occurred after a period of illness, with funeral arrangements to be announced locally.
MENTIONED IN THIS ARTICLE
Jota Meter
Littiteel
Uae
Ife Wits
Noah
Macey
Roel
Bluefields
Henry Gentes
Maur
The
Howe
Tiesary
Herpicide Promises Dandruff Cure and Hair Growth
An old advertisement asserts dandruff causes baldness and promotes Herpicide as a safe off the shelf remedy. It claims the product kills germs and stimulates hair growth, describing it as pleasant to use and non injurious. Samples offered via stamps to The Herpicide Co Detroit Mich with agent A EL Frost.
MENTIONED IN THIS ARTICLE
Newbro
Detroit
Mich
Also Mentioned on This Page
Hloriga
Baltimore
Baltimore & Ohio
Tapid
Wndianapolis
Bargatineel Deters Verein
Pathe
Miss Korte Miederie
Nasheville Penn
Racine
Aubrey Thomas
Niles
A. L Streeter
Margaret Burkle
Montana
Norfolk
Conrad
Gisat
Paris
Montston
AEA
Brown
FRM
Hon Webber
OIYS
Elyria
Mary Gillmore
Wife
Gilmore
Deitrich
Cae Road
A, EL Frost
Victor
Hubert Day
A. R. Champney Co. Sele
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