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Hartford Courant from Hartford, Connecticut • 1

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Hartford Couranti
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Hartford, Connecticut
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1
Extracted Article Text (OCR)

Local Temperatures Tuesday, Jan. 24. 1939 Maximum Temp 37 at 10:20 a. m. Minimum Temp.

19 at 12:01 a. m. Mean Temp. 28. Norm.

Temp. 25 Full Report, Page 7 U. S. Weather Forecast Connecticut: Snow (lurries Wednesday, cold wave at night; fair, colder Thursday. Full Report.

Page 7 ESTABLISHED 1764, VOL. HARTFORD, WEDNESDAY MORNING, JANUARY 25, PAGES Mmber tf the Associated Press PRICE 4 CENTS Frank C. Hatfield Of Phoenix Fire, Vice-President, Dies After Operation First Of Three Rebel Columns Push Way To Barcelona Outskirts Vfiddletown Holds Two In Murder ra A. Weaver, Vincent Cots, Carnival Employees, Are Suspects in Slaying: I 1 New Arrest In Crocker Case Soon Frank O. Hatch of West Hartford Will Be Accused in Aetna Casualty Probe, Alcorn Says 1-5 Years Given Convicted Clerk Glawackus is Gone, Toward Marlborough Returning into the hills from whence he sprung the Glawackus has not left a single trail for hunters to follow.

Followed for more than a week by the best huntmen in Connecticut, cameramen and people who just curious the Glawackus eluded them all to disappear into Dark Hollow in the direction of Marlborough. Hunters gave up Tuesday when they found the wary animal of many descriptions had reached that territory. It is a tangle of brambles and fallen trees with treacherous rocks and ledges. It is a paradise for Glawacki for it abounds with all kinds of wild game. It is in that country that the famed animal probably will spend his days living to a ripe old age.

It is the promised land for the Glawackus. Routes Fleeing Loyalists Follow Ft -S. Fresh Attack Today Expected to Clear Path For Immediate Advance Into Capital Refugee's Flight To North Cut Off City Under Heavy Bombardment Faces Famine; Defenders Short of Ammunition Pc MONTSUY. BATTLB-X SAB'ADRJJ Is. J-" I I SUNS PO I tl I ruDtf.

"lit" i I Ho Jo 20 1 i 1 i 1 11 Associated Press Photos. This map shows how civilians and even government ministers, according to Paris reports, were leaving the capital for the north Tuesday as Insurgent troops were reported within sight of the city. Insurgents claimed their guns were already hammering the city. Shaded line represents approximate battle line, which reports to Hendaye, France, said was seven miles from the city near the seacoast. $13,000 oft Stolen Money Went to 'Another Attorney Levin Tells Court Criminal charges will be brought shortly against Frank O.

Hatch, of 26 Lancaster Road, West Hartford, former clerk at the Aetna Casualty and Surety Company, it was indicated Tuesday by State's Attorney Hugh M. Alcorn after Edward A. Crocker, 30, of Windsor, also a former clerk for the company, had been sentenced to State Prison for one to five years on a charge of embezzling $22,800. Investigation of Hatch's connection with the case has been under way by the State's Attorney's office ever since the arrest of Crocker on January 10. When asked about his connection with the affair Hatch declined to comment and referred questions to his counsel, Albert Bill, who said he had no statement to make.

Hatch was discharged by the company several days ago. $13,000 to Another Man. At Crocker's arraignment before Superior Court Judge Edward J. Daly Tuesday afternoon, his counsel. Richard S.

Levin, said that of the money stolen by Crocker went to "another individual," from whom Crocker had borrowed money at exorbitant rates of interest. Crocker, Mr. Levin said, "got into the hands of this man, who got all the profit." When Crocker tried to stop his embezzlements, which were carried on for five or six years prior to his arrest, the man to whom he had been paying huge sums asked. "What's the matter with our business? Why can't it go on?" according to Mr. Levin.

Mr. Alcorn referred to the same individual without identifying him in the courtroom but said later that Hatch was the man whose arrest on a bench warrant would be sought. Deposited Checks. Crocker, who lost his right arm in a Massachusetts mill accident 10 years ago, worked as a clerk for the insurance company at a salary of $1200 a year, the State's Attorney said. Six years ago, the court was told, Crocker opened a savings account with the Riverside Trust Company in the name of S.

B. Strang, an attorney for the company in Chattanooga, Tenn. After some time had passed he changed the account to a checking account, this maneuver making it unnecessary for him to prove identification. Crocker, the State's Attorney said, took about $9000 in subrogation checks which came in to the company from several states and whicn it was his duty to list for the cashier. Most of these checks were made payable to S.

B. Strang and these Crocker would deposit in the account he had opened here, making new lists for the cashier to cover up the stolen checks. The balance of the money was stolen, the State's Attorney said, in the form of false expense drafts, supposedly for the settlement cf claims against the insurance company. Discovered By Bank. The scheme was uncovered, the State's Attorney said, when Crocker deposited in the S.

B. Strang account two checks which were payable to the Aetna Casualty and Surety Company, and an officer of the bank notified the insurance company. Each of these checks bore the stamped indorsement-of the insurance company and Crocker (Concluded on Page 4.) Frank C. Hatfield, 56, of 105 Girard Avenue, ranking vice-president of the Phoenix (Fire) Insurance Company, died Tuesday night at the Hartford Hospital, where he had undergone a recent operation for kidney trouble. Mr.

Hatfield was vice-president and director of the Phoenix (Fire) Insurance Company, the Connecticut Fire Insurance Company, the Equitable Fire Marine Insurance Company of Providence, R. and the Reliance Insurance Company of Canada; director of the Great Eastern xFire Insurance Company of White Plains, N. and the New England Council; vice-president of the Minneapolis Fire Marine Insurance Company and the Central States Fire Insurance Company of Wichita, and a trustee of the Hartford-Connecticut Trust Company. He was a member of the Asylum Hill Congregational Church, vice-president of the Hartford Golf Club, a member of the Bankers Club of New York and member of the board of directors of the Hartford Club. He was also a director of the New Unity Urged Among State Pharmacists Association is Advised to Strengthen Efforts of Committee on Fair Trades Practices That Connecticut pharmacists should stand together to strengthen efforts of their committee on fair trades practices and to prevent repeal of the state fair trades act was the keynote of speakers at the sixty-third mid-winter convention of the Connecticut Pharmaceutical Association held Tuesday at the Ho tel Bond.

William J. Dunphy, member of the State Pharmacy Commission, told more than 350 persons attending the afternoon session that during 1938 Connecticut consumers of "fair trade" merchandise saved 4.17 per cent, that in the face of a general decline in all business during the there. a in bankruptcies of retail drug stores, a general decrease In past due accounts, and general increases in retail drug inventories and in employment in the stores. Quoting the United States Department of Commerce, Bureau of Census, survey of business for 1937-38, he said that consumers in Connecticut have saved approximately $250,000 on drug and associated merchandise exclusive of liquors during the year. "In view of these facts who can say that the Fair Trade Act has not benefited the consumers?" he asked.

Prominent Men Present. Speakers at the convention, which ended with an evening banquet and entertainment attended by 500 persons, included four of the five state commissioners on pharmacy, Governor Baldwin, William Granito, member of the resolution committee of the National Association of Retail Druggists, and Frank Gross of Glenbrook, president of the association. While the giant drug firm of McKesson and Robbins was not mentioned by name, Dr. Hugh P. Bieme of New Haven, secretary-treasurer of the State Pharmacy Commission, made a statement which he said was authorized by an executive officer of the corporation to allay fears that debtors might be clamped' down upon.

"I am authorized to make the statement that there will be no change in the credit policy of this concern," he said. "I can tell you that the rest of the officers of this concern are honest men." Speaking of self-regulation and fair trades acts sponsored by the pharmacists, Mr. Granito told the convention, "We are not imposing Fascist doctrines through regulation. We are attempting to provide a balance in a democratic-capitalistic economy, and that is the reason for fair trades measures." He said fair trades measures were "regulation in the interest of the consumer and not in the interest of the pharmacist" and lashed out at (Concluded on Page 2.) Today's Index News. Pags Washington Correspondence 2 Obituaries 4 $5000 a day cut planned by Baldwin 5 Radio 6 Steamships 7 Society, personal notes 9 Sports and sports comment Greater Hartford news 14 Finance and business 15-17 Real estate 18 Theaters 18 Editorials, People's Forum 8 Features.

Frank R. Kent 2 Whose Silhouette? 2 Paul Mallon 3 Woman's page 6 Winning Contract 6 Crossword Puzzle 6 Men and Manners 9 Feminine Topics 10 Frederick J. Haskin 10 Classified advertisements 17 foseph G. Dripps Died On Tuesday ttorekeeper Shot in His Market Saturday Night; Edward Renca, Grocer, Held as Witness Middletown, Jan. 24.

(Special.) a Allen Weaver, 35, of Kings fountain, N. and Vincent Cots, of Shelton, carnival employees ho have been Irving at 188 Main treet here, were held at the police ation Tuesday night in connection ith the murder of Joseph. G. ripps, 51, of 576 Ridge Road. Dripps, who was shot in a hold- at his market.

261 Ridge Road, ist Saturday night, died of ound at Middlesex Hospital at 8:20 m. Tuesday. A third man, Edward F. Renca of 5 Front Street, a grocer at 49 Wtf- ams Street, was held as a material itness after police learned he nrew away the .22 caliber revolver sed in the shooting. The revolver as recovered in the Rose Hill sec- ion of Portland with Renca's as-istance.

Weaver, who was arrested by Po- icemen Alois Petras and Martin Jovak, is reported to have confessed Sergeant Michael J. McCarthy nd Policeman Vincent Marino that shot Dripps while Cots waited utslde in an automobile. Cots and Veaver then made their escape in car owned by Cots. Face Court Today. State's Attorney Bertrand E.

pencer said that Weaver and Cots ould be presented in City Court Vednesday morning on warrants to )e issued by Prosecutor Bernard A. Cosicki. They will be held for the jury and the March criminal ession of the Superior Court unless he state's attorney decides to pre-ent them earlier. Weaver has a long criminal record, including a dishonorable dis charge" from the United States Army as a result of stabbing a policeman in Panama, for which he served 18 months. He also has served time in California.

He worked for a carnival company which makes its winter headquarters here and also was employed with a wire re- (Concluded on Page 7.) Scientist Who Named Glawackus Was Courant Man Glastonbury Wild Life Expert Is Open to an Honorary Degree Lowell Thomas, correspondent and news commentator, informed his radio audience Tuesday night that Glastonbury's mystery animal had been named Glawackus by a Connecticut scientist. In order that the public may be more fully informed on this point, it may now be stated that the scientist who christened the strange creature is Francis J. King, assistant state editor of The Courant, who in recent years has been so absorbed in journalism that he has had little time for (est tubes or biological re search. Indeed, had it not been for Mr. Thomas's revelation, Mr.

King's newspaper colleagues might never have known that he was a scientist Mr. King first named the monster In an article in The Courant on January 18, in which he said: "The name comes from Glaston bury, its habitat, and from wacky, to describe the way everyone feels about the whole thing, The ending makes it sound Latin and authen tic." That's how the name Gla vackus was born. Any colleges or universities desir ing to communicate with Scientist King for the purpose of awarding honorary degrees for his researches-in the field of Glastonbury wild life will find him in a not unreceptive mood. Snow is Predicted Here This Morning Henry E. Hathaway, local meteorologist, read his weather maps Tuesday and predicted snow for this morning and much colder weather for tonight.

The temperature probably will drop as low as 10 degrees by early Thursday morning, he said. Tuesday the" thermometer went up Into the thirties, bringing welcome relief from the biting cold of the preceding two days. However, the variable mercury was on Its way down again Tuesday night, freezing wet pavements and making traveling a slippery business. Washington, Jan. 24.

The Weather warned tonight that an extensive disturbance over the Northeastern States was moving eastward and would cause increasing west and northwest winds which probably would reach gale force by morning. RANGU.ERS1 A ASMG Fa NORTH New Haven Utility Head Resigns Post A. W. Kraft Charged With Borrowing of United Illuminating Company Funds New Haven, Jan. 24.

(AP.) The board of directors of the United Illuminating Company announced today they had accepted the resignation of the company president. Albert W. Kraft, who they charged had borrowed company funds and made purchases totaling more than $300,000 without authorization. "Mr. Kraft's resignation," the directors statement read, "follows the ascertainment that he has borrowed funds from the company without authorization by the board and that he has also expended corporate funds for the purchase of furniture and furnishings for the company's new office building, and in other ways to an extent believed by the board of directors to have been unwarranted." "In the light of present information it is believed that the aggregate (Concluded on Page 4.

Medical Practice Charge Against Lowrie Nolled Alleged Offenses of Temple Grounds Owner Held Not Within Statute The State's Attorney's off.ee announced Tuesday that a charge of practicing medicine without a license, brought last June 22 against Alfred W. Lowrie, 65. owner of the Forest Hill Temple Grounds at 334 Blue Hills Avenue, has been nolled. The nature of the alleged offenses does not bring them within the statute. State's Attorney Hugh M.

Alcorn said. Attorney James F. Kennedy, counsel for Mr. Lowrie. had submitted a brief to the State's Attorney showing that in most jurisdictions so-called "divine healers" did not come within the act requiring medical licenses.

Mr. Alcorn said the statute is Intended to prevent unlicensed practice of internal medicine. According to the charges against Mr. Lowrie, who was given considerable publicity recently in a nationally circulated picture magazine, he set himself up as an "Agent of God" to cure ailments by prayer, personal electricity, laying on of hands and anointment with "sacred oil." One of the complainants was the United States Veterans Administration, as guardian of the daughter of a Meriden war veteran who was killed in action, who was treated by Mr. Lowrie for ear and noe trou- ble.

State Policeman Albin W. I Eackiel, who made the arrest, also i submitted to treatment by Mr. i rie. Investigation showed that most of the activities of the accused were of a semi-religious nature and that in the past, before he opened his "temple grounds, he conducted chapels on Pliny Street and Lenox Street, Plan To Shut Willimantic College Hit Windham Legislators See Closing; of Danbury School, Get 'County's Largest Budget "I don't see where Windham County ever got anything from the State of Connecticut," State Senator Pierre J. Laramee, newly elected chairman of that county's legislative organization, declared Tuesday.

"If they take the teachers' college away from us, there will be nothing left." Addressing the Windham County organization meeting at the Capitol where the largest budget in the county's history was presented for consideration, Senator Laramee added that "we haven't had a thing" from the state, so "let's try to keep what we have got." His and other Windham County legislators' remarks were directed at Governor Baldwin's proposal to close the Willimantic Teachers' College as a measure of economy and efficiency. Sees Danbury Threat. After the legislators had adopted two resolutions favoring the retention of the institution, Mrs. Margaret C. Hurley.

Democratic representative from Windham, predicted that Danbury's Teachers' College would be eliminated two years hence. "I fpe.l sure," she said, "they'll go after Danbury two years from now. They are saying nothing about Danbury now became of the opposition." Mrs. Hurley explained that the closing of the Willimantic school would mean depriving young people of an education. Parents would be unable to afford to send their children to New Britain, she said.

She added that it was felt that the Willimantic school has the "best training school in the state." Doubts Economy. Asserting that a mass meeting to protest the proposed closing of the school might be held in a week or so, Mr. Hurley stated she could not see where any saving would be effected by the move. "What is the use of abandoning $900,000 worth of property?" she asked. She added that other teachers' schools in the state were "overcrowded now." After Windham County Commissioners had presented a $230,460 budget for the biennium ending September 30, 1940, an increase of about $48,000 over the preceding budget of $232,000, and it was explained that the rise was due to the increased number of children being boarded out in foster homes by the county, it was voted that a committee of five should be named by the chair to study the budget, hold hearings and report back to the legislators by March 1.

Senator Laramee said he would appoint a committee later, and the group adopted a resolution authorizing the county treasurer to borrow such sums as may be needed for county government expenditures during the next two years. Elected Windham County auditors for the next two years were Representatives Joseph A. Lefebvre, Democrat, Windham, who succeeds himself, and Richard M. Burchnall, (Concluded on Page 4.) and current liabilities of $791 935, or working capital of $1903.613. Alfred C.

Fuller, president, in his report to stockholders stated that since the establishment of the company in 1906 there have been three or four distinct changes of policy seemingly necessary by changed conditions. Each has brought about renewed growth and progress, marking an epoch in the history of the company. Commenting a year ago President Fuller observed that some of the changes made since 1933 had brought about increased sales vol- jume. The report tabulates the increased volume of sales by years as follows: 1933. $4,795,860: 1934.

029; 1938. $364,489. President Fuller commented that "the earnings of our- field organization have increased in about the same proportion as the sa'cs volume. This applies particularly to the unit, branch and field managers and has brought about great improvement in the confidence and (Concluded on Page 18.) FRANK C. HATFIELD.

York State Fire Insurance Rating Organization and the New England Insurance Exchange and was chairman of the rates and rating (Concluded on Page 4.) Attack WPA Figures On Relief Needs Senate Opens Bitter Debate With Indications of Close Vote on Cutting Fund Washington, Jan. 24. (AP.) Senate economy advocates denounced Administration figures on relief needs as inaccurate today at the height of a bitter, slashing debate on raising or reducing WPA appropriations. The controversy was made the more intense by the acknowledged fact that a close vote was expected. From the Administration side of the argument came a warning by Senator McKellar, Democrat, Tennessee, that if a proposed cut of $150,000,000 is carried through, three, fourths of those entitled to relief will be deprived of it by June.

The issue was whether 000 requested by President Roosevelt to finance WPA from February 7 to June 30, should be appropriated, or whether the sum should be $725,000,000, voted by the House and approved by the Senate's appropriation's committee. To this reduction the Senate committee added an amendment forbidding more than a 5 per cent reduction in relief rolls during the "cold weather months" of February and March, and a proviso that the Pres ident may ask for more money later, if the $725,000,000 should prove insufficient. The outcome was of Intense interest, since it presented the Senate's first vote on an issue involving Governmental economy since the November elections. Large numbers of Senators in at- (Concluded on Page 5.) Opinion Of Legal Advisers Sought On Embargo Act President Says State Department is Giving Thought to Subject Washington, Jan. 24.

(AP.) President Roosevelt said today that State Department lawyers had been giving attention to the controversy as to whether he could legally lift the embargo on arms to Spain. He said he thought the lawyers had been doing so for the last month, but he frankly did not know what the status of the case was. He made this reply answer to a question at his press conference as to whether he had any thought of asking the attorney general for an opinion. State department attaches said later that the Department's legal advisers had been giving the matter their attention for many months. Their opinion was expressed in a letter from Secretary Hull to Raymond Leslie Buell, president of the Foreign Policy Association, last March.

It said: "The last paragraph of the act of 'January 8. 1937, provides that 'when in the judgment of the President the conditions described in this resolution have ceased to exist, he shall proclaim such fact, and the provisions hereof shall thereupon' cease to "It is manifest that the state of civil strife in Spain described in the joint resolution of Congress of January 8, 1937, has not ceased to exist. Accordingly, even if the proclamation of the President of May 1. 1937, were to be revoked, the prohibition upon the export of ammunition and Implements of war to Spain laid down in the joint resolution of Congress approved January 8, 1937, would still remain in effect." In effect, this opinion meant that the final decision as to lifting the embargo rested with Congress, not the President. A State Department official said tonight that, so far as he knew, the opinion of the department advisers not changed.

BY LARRY ALLEN. With tlie a i Insurgent Army, Jan. 25. (Wednesday.) (AP.) Spanish Insurgent troops today prepared for a fresh attack on the enemy's lines directly before Barcelona with the possibility that their drive would clear the way for an immediate advance into the city. General Juan Yague's Moroccan corps already held positions In tha suburban districts of Barcelona with their most advanced lines about a mile from the city's boundaries.

Capture Airdrome. Hendaye, France (At the Spanish Frontier.) Jan. 24. (AP.) The first of three columns of Insurgent General Franco's army attacking Barcelona rolled its way to within a mile and a half of the city's center tonight while Insurgent shells rippei into the government capital. The Insurgents' southern army on wheels, almost without firing a shot, captured the government airdrom at Prat de Llobregat, and then sped along the coast to the suburbs of the capital where it expected to halt until the other armies-could sweep across-the coastal plains to cut the city off completely.

No Escape To North. Within Barcelona proper, reports 1 reaching tlie border said, ths calm of th? jre fusee-choked city. of. people was beginning to break as it became apparent there was no means by which they could flee to the north. These reports said all trains had stopped running.

Only members of the government and lucky few were able to obtain cars and trucks to carry them out of range of the smashing shell fire from Insurgent guns that had been pounding the city since noon. Tlie government's decision to move northward to Gerona or Figueras, respectively 50 and 70 miles nearer the French border, was said to have started a mass trek of women, children and old men on foot. They were carrying their most precious possessions on their backs or trundling them in wheelbarrows. Traffic Chokes Roads. Roads to the north were choked with traffic that forced the footsore refugees off the highways.

Every available vehicle had been taken over by the government for the round-up of all able-bodied men who had been pressed into service to build emergency fortifications. Other information reaching the French frontier indicated the city's hundreds of thousands faced a famine. These reports said there also was a serious lack of ammunition which explained the lack of resistance made by the government troops as they fell back on the government capital. Water Supply Fails. In certain quarters of tlie city thj water supply as well as electricity was said already to have failed.

Some nearby sections of Catalonia were reported to have been without bread for days. Insurgent sources confidently pre-j dieted that three days, possibly two, would see the fail cf the capital whose nerves were jarred by bomb- ings and shells from field batteries the last few days. City Almost Surrounded. Lisurgent dispatches said that tlie entiie Government defense line Catalonia had collapsed and that the columns to the west and north almost ringed the city at a distance of less than six miles. General Miaja, called the (Concluded on Page 4.) Insurance Association Names Wilde to Board New York, Jan.

24. (AP.) Formation of a new trade association for the life insurance industry was announced today following a meeting of executives representing 78 life companies located in ail parts of the United States and Canada. Known as the Institute of Life Insurance, the new body will function in the research field generally aim to foster "a better understanding" of life insurance, the announcement said. The institute has a board of managers of 15 members including Letoy A Lincoln, president of Metropolitan Life Insurance Company. Thomas I.

Parkinson, president of Equitable Life Assurance Society, Frazar B. Wilde, president of Connecticut General Life Insurance Company, Hartford, and E. S. Brig, ham, president of National Life Insurance Company, Montpe'ler, VU Short Weight Coal Charges Are Dropped Hartford Fuel Supply Co. Group Released By Alcorn Unable to Prove Shortage Charges of conspiracy, false pretenses and, selling shoit weight coal, made last June against two officers, a former officer and the foreman of the Hartford Fuel Supply Company of West Hartford were nolled Tuesday by State's Attorney Hugh M.

Alcorn. The charges, originally brought in the Hartford Police Court, cannot be proven by the State, Mr. Alcorn said. Those released from the charges are Michael J. Hussey, 56 Kenneth Street, president of the company and chairman of the local Board of Relief; Ralph L.

Gezclman, 214 Standish Street, secretary-treasurer; Daniel E. Holland, 20 North Quaker Lane. West Hartford, a former officer; and Frank Sterpka, of 70 Grassmere Avenue, West Hartford, foreman and weighmaster for the company. Nodes To Be Entered. Mr.

Alcorn dropped the case Tuesday afternoon and his office notified counsel for the men. Julius B. Schatz, John Bracken and James J. O'Connor that nolles would be entered. Arrest of the "men was made on warranis issued by Prosecutor Benedict M.

Holden, after an investigation which was started on the basis of information turned over to the prosecutor by Mayor Speilary on June 7, 1938. At the same time Corporation Counsel Vincent W. Dennis sought to determine whether there was basis for civil action against the coal company, which supplied coal to the Weaver High School. The alleged offenses occurred between January 1, 1934 and June 6. 1938.

the Police Court warrants charged. It was charged that the company was more than 715,000 pounds short in its deliveries to the Weaver High School. When asked in what respect the case was weak, Mr. Alcorn said: "Inability of the State to prove the shortages." Food Company Buys Granby Street Land A parcel of land with a frontage of 105 feet on Granby Street running back to the Central New England branch of the "New Haven" railroad has been sold by Taber Cadillac Corporation to David J. Lcrman of West Orange, N.

who, it is understood, bought the land for one of the largest food companies of the country. A one-siory brick building to contain about square feet is to be built on the site. The building is to be used as a central distributing plant for Connecticut and part of Massachusetts. The land bought is in the rear of the Albany Avenue buildings of the Taber Cadillac Corporation. The sale was negotiated by Nathan Herrup.

realtors. Judge A. S. Bordon represented the buyer and the law firm of Pierce and Pierce repesented the seller. Fuller Brush Sales Rise 26 Per Cent, Net Earnings Are $364,489 For Year BY A.

MAGNELL. Fuller Brush Company earnings for the year ended December 31, 1938, after taxes, amounted to $364,489 and were equal to $48.61 a share on the preferred or $2.06 a share on 177 366 shares of common. This compared with $208,029 or $35.37 a share on the preferred or $1.18 a share on the common for 1937. The surplus for 1938 was $239,762, against $77,241 the previous year. Surplus at the end of the year was $1,711,744 and total assets were $3,797514.

Directors and officers were reelected. Household retail sales for 1938 amounted to $12,623 863, a gain of 7gn lg37 $lom209; 1938, $2,600,000 or 26 per cent in- 625.863. Profits for those vears were: crease oales and profits have 1934 $143008; 1935. creased every year above the 1933 mfi 412. 1337 $20B total.

Sales in 1933 were $4,795,860 and profits $102,849. During the year Fuller Brush liquidated a bank loan of $500,000. CuiTent assets, including $257,624 cash, amounted to $2,695 548 and current liabilities were $331,314. giving working capital of $2,304,234. Corresponding figures for the previous year showed current assets of $2,695,548.

including $212,637 cash,.

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