The New York Times from New York, New York • Page 4

TIMES. TUESDAY. JTOE 27. 101L THE GALA PERFORMANCE AT COYENT GARDEN A Hundred Thousand Rost Blooms Turn th Theatre Into a Floral Palace. 100 PERSONS IN KING'S BOX Ntrly All of Royal Rsnk Oueen Escorted by German Crown Prince Mtlba On of the Artiste.

Ipttiti rbU it Tri Kiw To Tihm IXJNDON. Jun 2fl. It la aald that an American offered il.000 ($5,000) for 100 box at tha gala performance at Covent Garden to-night, and even at that irlce fulled to get It. Huge euma offered for aeata at tha lat roo- rnent, and aom stalls changed banda at S500. At tha laat prevloua gala perforra-i anca.

when tha auditorium waa deco-W fated with red roaea, tha perfuma waa overpowering that alngera and mem-' tvra of tha audienca war affected by It. Cara waa taken on thla oocaalon to Jnrvent a repetition of thla anca, and acentleaa flower wera employed whara It waa neceaaary to have real onea, aa In tha decoration of tha royal box. Oreat crowda lined tha atreeta to fetaa tha paaaaga of tba King and Quean and their gueata. and popular favorites vera loudly cheered. Tha acena In tha opera houee Itaelf was magnificent When, punctual aa Usual, tha King and Queen entered on tha atroka of 8:30.

Tha audience, apart from tha royal gueata and tha foreign official visitors, waa brilliantly repre-, aentatlvaof English aoclety, but Amer- lea also made a brave ahowlng. Nbody looked better than Lady Gra- tiard, who waa among the Klng'a gueata In the atalla and who wore an lmmenae castellated diamond tiara and other I gorgeous Jewel with a white and gold 4 real. Iady Dufferln, too, wore notable Jewels, while Mrs. John Mackay was a per blaze of diamonds. In tha much-kejeweled audienca aha waa conspicuous for her ornaments.

With a black land white dress she had a high, all-'yound diamond crown and a stomacher a necklace of diamonds. With Mre. Mackay wera her duagh-ter, Princess Colonna, In white with 'Ynany diamonds, and her granddaugh-, ter, Compteaa Julea da Bonvoulolr, Kvho also wore lovHy Jewels. John Newton came with his daughter and her hnaband. Cora Lady Strafford Wore, fine Jewels with a bue dress.

Mrs. Ilonalda and Mrs. Burns were Tiear one another in front atalla. Lady Cheyleamore her usual box. Lord and Lady Craven were with Mr.

and Mrs. Bradley Martin, the laat named bearing gorgeous Jeyels with a rose- brocaded aatln gown. Mra. Lewis Hareourt 'had a coraelet ci aiamonfla and a me tiara, with a shimmering gown. Mr.

and Mra. White law Reld were In tha dlplomatlo box, aav V. 1 i Ifitva HammAn4 mm as In Via i -n tinxj uiipi ij iiniiiniiii4 ww as ill mw King's box, his black evening suit be- Ing aa usual conspicuous among tha surrounding uniforms. Other Americana present wera A. O.

i IVanderMlt, Lady Herbert, who was -Iwlth Lady Rlpon; the Duchesa of Rox-; burgh, wearing water-green and gold i brocaded aatln with a magnificent dla-I Tnond tlnra and. a number of large emeralds; Mra. Almerlc Paget, Mrs. George Cornwallis West. Lady Paget, 'rearing white with some beautiful diamonds and emeralds; Lady Alastalr Jnnes-Ker, Mm.

Harry lttgglna. Mine. Waddlngton, Lady Ncwborough, Mra Leeds. Mrs. Joseph Stlckney, Mr.

and Mra. Terry Belmont. Mra Richard Townsend, and Lady Grevllle. by Life Guard On their arrival their ware received by tba chif fttaU i of fleers and escort to tba royal box. tba whols brilliant audience rising.

Tha royal box eonelsted of tea boxee la tba sntJdla of tba rao4 Uer thrown Into one. providing 100 seata, narly all of which wera occupied by guests of royal rank. Flanking tba royal box were two other large boxes, each occupied by 100 representallvea of foreign countries la gorgeous uniforms and tba representative of the dominions. About half tha stalta wrr allotted to tba suites of tba iltsliiigulahod guesta la puint ot picturesque attire the Indian Winces, glittering with Jewels, were eaaily fliat. eclipsing the European royalties in taeir most eplendid uniforms.

Tha King was In an Admlral'a uniform and wore -tha Ordtr of tha Garter. The Wueen'a gown was of delicate pink, over which the blue ribbon ot th Garter showed In marked relief. On ber bosom were the two Stare of Africa." on her ha4 a diamond fleur do lya and a Maltes cross. The Qoeen waa escorted to tba royal box by the German Crown Princ Frederick William, and tba Crown Prln; cess entered on the arm of the King. Although rain again fell to mar th oocaalon.

danss crowds gathered outside Co-vent Garden to witness the arrival and departure of their Majesties and th royal visitors. After th performance the royal guests, th special envoys, and th members of the Diplomatic Corps attended a ball given -y th IuV and Duchess of Westminster at Orosvenor lllUH. rtf-nowned artists took part In th gala performance. Th program roe opened with a acen from th second act of Verdi's Alda." This waa followed by th second act of Gounod's Romeo and Juliet." Then cam Act ITL of Rossini's Th Barber of Sevlll and Tableau II. of the Ruaslaa ballet La PavHlon d'Ar-tnlde." Among tha artists war Masdamas Mel-ba, Deatlnn, Tetrasalnl, and Klrby Luna.1 and John MrCormack.

Bammarco. Fran Basal, and Malateata. CAILLAUX CABINET LIKELY Polncara May Be Foreign Inlet er Dalcaaaa to Remain In Office. PARIS, Jun 20. President Falllerea today asked Joseph Catllaux, tha Minister of Finance In tha Monla Ministry, which resigned yesterday, to form a new Cabinet.

M. Calllaux announced to-night, after consulting hla friends, that he would be tinabl to giv a definite answer to th Preeldent before to-morrow. At the sa.na time he has mad material progresa toward the organisation of a strong Ex-Premier Leon Bourgeois declined the portfolio of Foreign Affairs on th ground of ill-health, and suggested Hnymoiw I'oincare ex-Minmter or Finance, for that office. M. Pol near at first was reluctant to accept the heavy respnslbllity of the post, for which be feared waa not sufficiently prepared, but agreed to giv th matter his consideration, and to answer to-morrow.

In in event or nis reiueai m. a scivea. Prefect of the Heine, will be asked to take the Foreign Office. While aa vet nothlna? has been definite. ly decided upon, it la understood that M.

Catllaux. in addition to th Premiership, will take cnargs or th Ministry or th Interior; M. Doumergue or M. Cruppl that of Justice: M. Klots, Finance: Eugene Etlenne or Adolphe Messlmy, War: M.

Delcasse, Marine; M. Bteeg, Publlo It.Mructlon: M. Augajrneur. Publlo Works; M. Chautnet.

Commerce: M. Pains, Arrlculture; M. Messlmy "or M. Lebrun, Colonies; M. Renoult, Labor.

Of these MM. CruppL Delcasse. Steeg. Pams, and Messlmy were in the Monis Catlnet. In th declaration of tha volley of tha new Ministry, M.

Calllaux will aak the Chionber to hasten tha vote on the budget, which it has now been discussing lor more than six months, and to adopt a bill settling th vexed question of delimitation, which will be introduced aa Boon aa possible. Finally, M. Calllaux will urre the haatenlng of electorial reform before the vacation. LUTHERLETTERGIVEll BY UORGAH TO KAISER Emperor Delighted and Confers tha Grand Cross of the Red 0 Eagle on the Financier. SENDS A TELEGRAM TO TAFT a i a I A ana rrcsiaeni nepuss is rxaisvr Compliment Regarding Crew and Efficiency of the Louisiana.

SERVICE Our commodity is service. Our aim is to make that service the most efficient of its kind in the market. We believe we have accomplished this much to But not until that is the consensus of opinion shall we be satisfied and not even then. THOMPSON-STARRETT COMPANY Building Construction Fifty-One Wall Street PifTmTTD) ATM lmL I I i TrTTTTKTriTrTl A TT TTi TP IT iiliiJiDM Consolidation of Leading BaW Thirty Different States LIMITED ALLOTMENT OF STOCK FOR PUBLIC SUBSCRIPTION Business for 1910 $27,650,000 'j LONl)ON. June 20.

One of the most magnificent spectacles In connection with tha coronation was the command performance to-night In Covent Garden Theatre, the Interior ot which waa transformed Into a veritable floral palace. Those privileged to be within the great auditorium will long remember the gor geous, scintillating picture, the fragrance of lOu.CKW perfect rose blooms, the noble company of men and vcmen representing tha royalty of the world, and all the most distinguished In Itrltlsh official and aoctal life, who filled every box and stall. The King and Queen from Buck 1nham I'alace In a Htate coach, escorted r.r-f I In the Summer you sometimes have to show yourself with your coat off No matter how correct the company you can do yourself jujticc in the fit and Mylr of the GOLD LABEL SHIRT The tcrub of the. tub has no effect on color" or cloth. Emperor fabrics are the finest ever yet used in dollar shirts.

Exclusive patterns, color holding and lively; ample cut, and no skimping. BED USClEMPEta SHUTS 11.50 rMtps-JoMS Cs 152 504 Irearn K.T. 1 EUCHARIST CONGRESS OPENS. Telegrams from Pope Read at Madrid Protest by Socialists. MAXXRID.

June 28. Spain officially welcomed tba twenty-second International Eucharlstlo Congress yesterday, King Alfonso delegating the Infanta Don Carloa (Prince Charlea of Bourbon) to make a speech of greeting. The Church of Ban Francisco, in which tha proceed ings are being held, was filled with prel atea, priests, and lay delegates from all nattona. A solemn special service, with discourses by the Papal Legate and the Blahop of Namur, followed. Cardinal Agulrre Garcia, Archbishop of Burgos, opened the congress thla afternoon.

The Archbishop ot Montreal, the Most Rev. Paul Bruchest. read ths minutes of last year's Congreas at Montreal, sfter which two telegrams received from fope Pius, blessing the delegates ana according a plenary Indulgence to them, were read. A meeting of Republicans and Socialists to-day passed resolutions condemning bpatn a miiltarr operations in Morocco and protesting against tha International Kucharlstlc Congress. KIEL, Jun 24.

J. Plarpont Morgan te day presented to Emperor William the autograph letter written by Martin Luther to Emperor Charles for which Mr. Morgan recently paid $21,500. Ills Majesty waa immensely pleased, and forthwith conferred the Grand Cross of the Order of the Red Eagle on Mr. Morgan.

The letter la written la Latin aad dated April 29. 152L On April 17 Lcther had made hla first appearance before the Emperor and Diet at Worms, and two days later. In reply to a question, bo made hla famous declaration Hler atehe ich. Ich kann ntcht anders." On April 2C tba edict of the Diet waa made known placing Luther under the ban of the empire, and the Elector Frederick of Baxony hurried him away from Worms to Wart-burg. On the way be wrote this letter to the Emperor and sent It back by one or the Imperial heralds from Friedberg, in Hesse.

It recapitulates the story of the trial and renews the reformer's protest. Such were the contents of the letter that no one dared deliver It to the Em- ror. a fact which la noted on the manu- bv the imperial archivist. a sale of autographa at Lelpalc last May 3 the price paid for tne ieuer produced a sensation in the auction room. Thef first bid had ben 1.2oO.

but a spirited competition set in between M. Marlnla of Florence, who represented Mr. Morgan, and a Kernn c-oiienur. urn -fels. M.

Marinla eventually secured the letter. As soon as it became known that the historic document waa to go to America the annoyance of the Germans was expressed in many newspaper editorials. Mr. Morgan came here last night, and to-day waa a guest at a luncheon given by Emperor SVilliam to Rear Admiral Budger and the commanders of the visiting American squadron on board the imperial yacht Hohensollern. Ambassador Hill waa also a guest, and others present were Imperial Chancellor von Bethmann-Hollweg and the German Admlrala here.

The luncheon was Informal and there were no toasts. His Majesty had a prolonged conversation with Admiral Badger, to whom, he presented an autographed portrait of himself, and promised another for the wardroom of the flag-ship Louisiana aa a souvenir of yesterday's luncheon, on which occasion the Emperor and President Taft exchanged cordial telegrams. Emperor William made a speech at the State dlnnsr of the Imperial Yacht Club to-night. After a s-aceful reference to the American naval visitors and yachtsmen he gave a toast To All True Sailors." At the dinner Ambassador Hill was seated in the position of honor at the Eirperor's right, signalling probably the parting appearance of the Ambassador. Hia letters of recall have not been received, and he will leave hero for Berlin to-morrow morning.

There will therefore be no further opportunity of presenting them before hia Majesty departa for hla annual northern cruise. The guests at the dinner Included Prince Adalbert, the Imperial Chancellor, Dr. Von Bethmann-Hollweg: Baron Von Kld-erlen-Witchter. Secretary for Foreign Affairs: Rear Admiral Badger. J.

Plerpont Morgan, who was elected a member of the Imperial Tacht Club at a epeclal meeting to-day; Allison V. Armour and his guest. Richard Norton, the Boston archaeologist, with whom the Emperor had a long conversation concerning the excavations at Corfu, in which his Majesty is greatly Interested, and a large contingent of American officers and yachtsmen. Before the banquet the Emperor personally oresented his prizes to the Amer ican winners of the sailing and rowing races in which the warship boats took part last Thursday and Saturday. In athletlo games to-day the American sailors and tlio Germans were well matched, each winning four events.

WASHINGTON. Juno 2ft. Emperor William or Germany and President. Talt to-day exchanged messages growing out of the visit of the American squadron to Kiel. The Emperor's message read: Following th invitation of Admtml Badger.

I had pleasure of lunching on board th B. 8. Louisiana, and afterward I Inspected the crew and ship. I beg yeu to aecept my best compliments with regard to the fine crew and ts the eicxllent state ef efficiency and order which I found en this fine ship. You will, I am sure.

fee gratified to bear that the Stars ant tripes are well represented la Kiel waters. I thank yon most sincerely for sending this fine squadron to Kiel. I am happy to observe that hearty relations ot comradeship between the officers and men of the two navies wera soon established. President Taft aent In reply: I greatly appreciate yoar kind telegram, so cordial In Its sentiments to th American Navy, to whom it is a source of greet pride thst your Imperial Majesty honored our Admiral by taking lunchAo on the Louisiana and Inspecting the ship and crew. I am very happy to know that the American flag waa well represented at Kiel, and that the officer and man ot our navy have had this valuable opportunity to make friends in th German Navy, for whoee hoepltablllty as well aa for your Imperial Majesty's kind expressions I send very hearty thanks.

PARSEVAL AIRSHIP BURNED. Destroyed While. Being Repaired Maiden Trip of New Zeppelin. HANNOVERSCH-MUENDEN, Prussia, June 26. The dirigible balloon Parseval while undergoing, repairs to-day, caught fire and waa destroyed.

No one waa Injured. Tha Parseval V. had recently been making passenger trips out of Berlin. Last April 2 the airship made a perilous descent at Halberstadt in a storm. The crew were compelled to rip the envelope and made a rough landing.

FRIED RICHSHAFEN. Germany. Juae 26 The new Zeppelin dirigible balloon 6chwaben I. made her maiden flight to day. Cpunt Zeppelin was on board The Parseval V.

was owned by tha Aerial Traffic Company of Berlin, which purchased it from the bulldera, the Par seval Company. The Parseval dlriglblea have been more fortunate than those designed by Count Zeppelin, though they have figured in se rious accidents. They were designed pre marily for military uses and are non. rigid, the chief characteristic being their portability. The cars are smaller than those of the Zeppelin, providing aecom-modatlona for about twenty passengers and crew.

Gen. Blane Die In London. Special Cable to Thd New York Times. LONDON, June 25. The death here has been announced of Lieut.

Gen; Sir Seymour Blane. Gen. Blane was ac customed to spend his Winters on the French Riviera, and his wife being; an American, he was well known to Amer lean habitues of that locality. Gen. Blane was 78 years old.

POLICE SHIRKERS CAUGHT. Charges Also Against Inspector and Captain for Not Enforcing Discipline. Charges of neglect ef duty and failure to enforce proper discipline In the matter of patrollng the streets by the men In their commands have been preferred against Inspeotor John Daly of the Sec ond Inspection District and Capt, Edward Gallagher of the Greenwich Street Police Station. Inspector Daly's district en braces the Greenwich, Elisabeth, Mulberry, Leonard, MacdougaJ, Charles, and Mercer Street Pollee Stations. A few nights ago Chief Inspector Schmittberger, In making the rounda, found that twenty-two men were ff post In Capt.

Gallagher's precinct alone, and that discipline waa lax In the other (sta tions. Charges have been filed against thltty-elght patrolmen, and also against the patrolling Lieutenants and Sergeants in Capt. Gallagher's precinct for failure to discover violations of patrol. TUo men will be put on trial next Thursday, and It is believed that Commissioner Waldo will hear the cases personally. These are the first of the growing; cut of the inauguration of the tnree-platoon system, and It is understood that if any of the men are found guilty they, win te oeait wun severely.

Over Half a Million npHE TRAVELERS INSURANCE COMPANY paid in 1910 over half a million dollars to its policy holders 1 11 for accidents peculiar to the vacation season. These enormous benefits, paid by this largest of all accident companies for vacation Injuries, should impress you with the necessity of accident insurance. Now is the time when many people are injured in boating, fishing, bicycling, baseflall, golf riding and driving, automobil-ing and travel. Every year one in eight of the population is injured, and one death in every ten is from accident. There are more people disabled every year in this country by accident than were killed and wounded in any year of the Civil War.

Such is life we must live. Its density of population its feverish activity its desire for rapid transportation its diversity and mechanical complexity its increasing desire for hazardous sports, make protection by insurance an absolute necessity. The benefits are so broad and the cost so small, that if a man does not carry accident insurance it is generally because he does not know the facts. Let us tell you how much insurance $25 a year will buy. Ask your broker or this coupon.

THE TRAVELERS INSURANCE CO. 76 William SUN.Y. Cdy How muchaccident insurance will $25 a year buy? Name ADYEBTI5EXXXT. ADTntTTKTTM EXT. AXJTESTISEHXafT, Net Profits $1,300,000 ADVANTAGES, SAVING, INCREASED BUSINESS AND INCREASED PROFITS nt th Undine, moot rjroBDerous.

independent manufacturing plants in the United States, located in thirty different States, making Biscuits, more commonly called Crackers, Bread and Candy, doing a commnea ousinraa uui-ing the year 1910 amounting to a total of $27,650,000 at an actual net profit ot over $1800,000, have recognized that their earnings may be greatly increased by more perfect econornio conditions, methods of production and distribution, THE FEDERAL BISCUIT COMPANY has been organlted to take over and operate these seventy-eight baking plants in the belief that CENTRALIZATION OF BUYING and WELL ARRANGED DISTRIBUTION, only possible in this way, will effect a saving over present reckless and extravagant competitive methods sufficient to pay handsome dividends on fiie total capitalization of the corporation, which to to handle this great national enterprise. Th nlnn la trt nrfut an arvanlzation to manufacture uniform goods, creating a larger demand for them by Ju dicious and liberal advertising and conducting tne manuiwj-turing so as to insure a thorough distribution at a minimum cost, without waste. Tn union them is nrrfntrth. and this Drindnle applies with wnial fori to th union of America's leadins baking plants which will form THE FEDERAL BISCUIT COMPANY. THE FEDERAL BISCUIT COMPANY has no connec tion of any kind or nature with other baking or biscuit companies.

ASSETS, $25,000,000 The seventv-eizht plants, located in thirty different States. which form the basis of this organization, are prosperous independent baking plants then respective helds, and nave shown consistent profits and increasing business in the past and have assets in real estate, buildings, machinery and other property of Twenty-five Million Dollars, as valued by conservative estimate. THE FEDERAL BISCUIT COMPANY is organized under the laws of the State of Delaware, with a capital of $18,000,000 Common Stock and $12,000,000 Seven per Cent. Preferred, Cumulative, Participating btocK dividends payable aaarterly, January, April, July and October. Preferred and Common Stock have eoual voting power.

The Preferred Stock has preference both as to assets and dividends over the Common Stock. When the rate of dividends on the Common Stock equals that on the Preferred, further distribution of profits to stockholders will be made, to Preferred and Common Stock alike in equal proportions. No mortgage can be issued without the consent of two- thirds of the Preferred and Common Stockholders. THE MEN RESPONSIBLE The success of every undertaking depends on the experi ence and executive ability of the men connected with it. On this ground THE FEDERAL BISCUIT COMPANY has advantages not often found in similar organizations.

The President and Executive Officers of THE FEDERAL BISCUIT COMPANY are men of many years practical experience in the wholesale baking industry and are individual owners and managers of plants which have been unusually successful and prosperous. They have had the further advantage and experience of organizing and conducting a Purchasing Bureau for manufacturers of Biscuits and Crackers which has been extremely successful and has paid handsome dividends to its various stock holders. In this way they- have become familiar with the operations of the various companies and have cemented relationships of which THE FEDERAL BISCUIT COMPANY la tne natural and logical development. OFFICERS AND DIRECTORS PRESIDENT i CHARLES ROYCE BOSS, Former President D. Boss Sons, New London, Biscuit and Cracker Manufacturers.

Director National Bank of Commerce, New London, Conn, President Biscuit and Cracker Manufacturers' Company, New York. SECRETARY AND TREASURER i HARTWELL B. GRUBBS, Secretary and Manager Biscuit and Cracker Manufacturers Company, New York, Founder Union Biscuit St. Louis, Ms. DIRECTORS i CHARLES ROYCE BOSS, HARTWELL B.

GRUBBS, THOMAS ROBINSON, Cleveland, Ohio. ADAM LANG, W. J. Lang Biscuit Manufacturers, Wilmington, Del. JOHN A.

ANGER, Anger Baking New York. HERMAN A. METZ, 122 Hudson New York, Ex-Comptroller of the City of New York. CLINTON G. EDGAR, William Edgar Son, Director, First National Bank, Detroit, Mien.

PHELAN BEALE, Counsellor-at-Law, 2 Wall Street, New York. AUDITOR! HENRY W. BROOKS, 60 Wall Street, New York City, Certified Public Accountants and Appraisers. DIVIDEND POSSIBILITIES A SAVING OF $2,900,000 Careful computation proved by actual experience, shows that the earnings of these plants will be substantially increased by: 1 ECONOMIES IN THE COST OF MATERIALS PURCHASED IN LARGE QUANTITIES; 2 REDUCED COST OF DISTRD3UTI0N; 8 THE ELIMINATION OF DUPLICATE SALESMEN, DELIVERY WAGONS. WAREHOUSES, in the same territory; 4 Increased output of products.

These four important factors represent a saving ef $2,900,000 annually, or sufficient to pay Seven per Cent. Dividends on both the Preferred and Common Stock of THE FEDERAL BISCUIT COMPANY, and also. Two per Cent, on the total capitalization for surplus. -7 This does not include a twenty-five per cent, increase in the output of the plants, which it is reasonable to expect with the aid of a great organization of this land, amounting to practically $7,000,000, on which there should be a net profit of $1,000,000 annually. The saving made by having one head buy for the entire business, including all the seventy-eight plants, will be enormous.

The vast quantities purchased will enable the Company to obtain the very lowest rates on all materials used, and even a small saving in prices will amount to a great total in tha course of a A saving of fifty cents per barrel ef flour in the materials used during the past ten years by these plants would amount to TEN MILLION DOLLARS, plainly showing the possibilities in this one direction. Every branch of the business will be in the hands of practical, experienced men, and each plant will be developed along the line of production best suited to it locality, SUPERIOR PRODUCTS WELL ADVERTISED All the products of THE FEDERAL BISCUIT C0r PANY, such as Crackers, Candy and other baked ipedah." will be produced by superior materials Under ideal conditloM and will be of uniform, dependable quality, and that will dg tho best, For illustration, "FEDERAL" BREAD will be lorm product of superior quality, made by the various. SL tones, so as to give a wide range of distribution, and procucauy every otaia in me union. Wfek the assurance that the flavor and quality are always tha It will be produced under ideal conditions, and will bewS advertised. Individual plants, supplying limited territory and pered by local conditions, are unable to advertise taiuL vantage.

THE FEDERAL BISCUIT COMPANT xVL however, advertise extensively over ths whole United Btttaa and as a result, combined with other conditions, double the business. w. Strong, effective and striking advertising w4H be uded'ta keep the goods constantly in the minds of consumers. INCREASING DEMAND The United States is far behind European countries laW consumption of crackers, the consumption here per ctftiti -being less than half that of Australia, less thanthW that of Canada, and less than one-fifth that of Great Britain! The demand for crackers in the United States is constantly flowing, having increased twenty per cent, per capita in ths past six years, and the probabilities are a greater mcretae during the next six years. PATENT AIR-TIGHT PACKAGES Insuring Purity and Quality THE FEDERAL BISCUIT COMPANY controls ths patent of the Reynolds "AERTITE" Carton, or box te a-ackers cakes, etc, and the folding process for wrappim the goods in an air-tight manner, superior to anything the land now in use.

The Company will utilize this advantage to the fullest extent, assuring products reachiof -consumers In perfect condition, free from contamination dust or moisture. COMPARISON The National Biscuit Company is capitalized for $24,804 600 Preferred and $29,236,000 Common Stock, a total of $54 040,500, and its initial business was $34,051,279, with profit the first year of $3,292,143, and the profits for the year 1910 SfT? $4,500,000, paying regular 7 per cent, dividends on the Preferred and 8 per cent, on the Common Stock, operating forty plants. The following facts regarding the National Biscuit Com- fany are worthy of comparison with the condition of THE EDERAL BISCUIT COMPANY. The National required $10,000,000 at its organization. THE FEDERAL is progressing step by step, adding plant -by plant as finances warrant.

The National's bonded indebtedness at organization was $1,814,000. The National's profit for thirteen years, $49,086,784. National stock has increased 150 per in value at the present market price. PLANTS NOW OPERATED Four plants are now in operation by THE FEDERAL BISCUIT COMPANY and other plants will be added as rapidly as the Company is able to finance them. The New London (Conn.) plant has a capacity of 250 barrels of flour per day or about a year.

The Bridgeport (Conn.) plant has a capacity of about $200,000 a year and has made fortunes for the previous owners. The Detroit (Mich.) plant has a capacity of about $400,000 per year. The South Bend (Ind.) plant has a capacity ef about per year. The plan is to add another plant near Detroit to operate with our present plant there, then to add two prosperous plants in the South, one in Alabama and one in Louisiana, and then take over a prominent Pennsylvania plant. Other plants will be taken over as rapidly as the business can be organized.

SAFETY AND STABILITY The baking' industries of the country have for ten yean shown a constantly increasing output and a stability of volume unaffected by conditions to a far greater extent than other industries. The reason is apparent. Bread is the great food staple, eaten at all seasons by all classes, and the demand for crackers and other biscuits is universal and constant. A PUBLIC BENEFIT By economy of management and concentration of effort and systematic methods in the purchase of supplies and distribution of output THE FEDERAL BISCUIT COMPANY will be enabled to give the public more and, better baked products they can now buy for a given price, owing to the existing conditions of the industry involving a large percentage of economic waste in production and distribution. This basic principle, when carried out, insures the success of the undertaking, and is the prime motive for the present consolidation of interests.

RECORD OF "CONSOLIDATION" PROFITS The record of industrial consolidations furnishes one of the most instructive chapters in the history of American progress and accomplishment. No better, safer, more staple or. more profitable invest; menta can be cited than what are known as "Consolidations of interest in the industrial field of activities. When based on conservative individual valuations and intelligently managed, such properties have never failed pay handsome dividends to investors and have taken on constantly increasing value as investments. "FEDERAL BISCUIT," on account of its possibflitiei, its conservative capitalization and the various, unique fav tors in its organization and management, may be classed at one of the most inviting investments ever offered to conservative investors, comparing favorably for possibilities wits the following list of "gilt edge" industrial securities: Paid in Dividends United Fruit Company United Shoe Machinery.

16,865,607.00 American Tobacco Company 77,933,970.00 DuPont Powder Company 13,487,215.00 Eastman Kodak Company 26,733,939.00 National Biscuit Company. 25,000,000.00 CAREFUL INVESTIGATION INVITED Investors are invited to make a rigid investigation of the Company's affairs, and every opportunity of doing so wiu be afforded. Samples of products may be seen at the head office. OFFERING OF STOCK For the purpose of taking over the plants and tl conduct of the business, a limited amount of Preferred SWdt in now offered at nar. $100 per share, and with every two shares of Preferred Stock purchased one share of Common Stock is given aa a bonus.

This bonus offer may be withdrawn at any time and the price of ths Preferred Stock advanced without notice. No stock has been sold for less than par. All stock is MU paid and non-assessable. The business is being conducted In a careful, conservanv manner. Application will be made to the New York Stock Exchanp for the listing of the stock of this company.

Title Guarantee and Trust Company, 176 Broad7. New York, Transfer Agents. rt Columbia Trust Company, "135 Broadway, New -Registrars. THE FEDERAL BISCUIT COMPANY 100 HUDSON STREET NEW YORK.