Petition filed to reorganize State Line securities issue
The public service commission receives a petition seeking authority to issue bonds debentures and common stock for State Line Generating Company historic Hammond plant. It asks to recall two-year notes and to repeal advances by owning companies. Company plans 15 million mortgage bonds 4 percent 8 million debentures five percent and 717 thousand shares no par.
MENTIONED IN THIS ARTICLE
State Line Generating Company
Insull
Hammond
Public Service Commission
State Line Company
Commonwealth Edison Company
Public Service Company of Northern Illinois
Northern Indiana Public Service Company
Interstate Public Service Company
Long-Time City Bonding Flayed as Too Costly
B J T Jeup, city sanitary board president and former city engineer, called long-time bonding a fallacy. He urged creation of a replacement renewal fund funded from current taxes to replace bonds, citing a hypothetical $200000 street resurfacing at 4.5 percent would cost $180000 over 40 years. He urged annual deposits earning interest to avoid long-term interest losses.
MENTIONED IN THIS ARTICLE
B. J. T. Jeup
City Sanitary Board
Jeup
State Board of Accounts
Rum Pirates Seize City Scow Cargo In New York Harbor
Pirates forced skipper Leonardo Sammartino to haul in 1500 cases of liquor from a city garbage scow. The scow and liquor were seized at the dock. Sanitation Commissioner Hand noted Sammartino carried 200 dollars and made a 400 dollar deposit recently. Assistant U S attorney Watts said rum running on city refuse work is not uncommon. Twenty two arrested, eight city employees suspended.
MENTIONED IN THIS ARTICLE
United Press
New York
Leonardo Sammartino
Charles S. Hand
Department of Sanitation
Robert B. Watts
United States
Cornet Solo by Salvation Army Ensign Wins Entire Fortune
Ensign Stanley Shepherd of the Salvation Army performs a cornet solo in New York, winning the favor of Syracuse printer J Frank Baumgardner who renounces all his property to the army except annuities for his wife and himself.
MENTIONED IN THIS ARTICLE
United Press
New York
Ensign Stanley Shepherd
Salvation Army
J. Frank Baumgardner
Syracuse
Also Mentioned on This Page
Air Bullet Paris Bound
George R. Hutchinson
Richmond
North Atlantic
Los Angeles
Tchinson
Lindbergh
Hammond Insull
the Fair
West
Washington ST
Greenland
New Zealand
Lapin—Coney
Shoe Dept
Palm Beach
Saleba Rubens Vests Aeriac Befere
Baby’s
Mae
Navy, Copen and Peacock
Oxfords
Kay
Kay’s
Adenia Skeene
Washington
Peoples Outfitting CO. Americas Concellator Jewelry
Elaine
Gloria
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!