The Recorder from San Francisco, California • 1

New Suits Probate Filings Etc 50176 Oscar Lofstad pro of will petn of A Harrison real and pers prop unknown hearing June 25 Brobeck Phle-ecr 50177 David Leith alias let of adm petn of public admr estate unknown hearing June 26 Boyen 50178 John Koenemann let of adm petn of Clara Koenemann real and pers prop over $10000 hearing June 25 Lloyd DISTRICT COURT NEW SUITS Filed June 9 1928 Division Two Bankruptcy (Schedules Filed) 17049 In re Quality Grill (partnership) debts $9925 assets $1010 Hunt SUPERIOR COURT ASSIGNMENTS OF ACTIONS Filed June 8 assigned June 9 1928 Probate 50160 Dp 9 50170 Dp 9 50167 Dp 9 50171 Dp 10 50168 Dp 9 50172 Dp 14 501W1 Dp 10 50173 Dp 9 50162 Dp 10 5016J Dp 10 50164 Dp 10 60105 Dp 9 SAN FRANCISCO MONDAY JUNE 11 1928 VOLLV No 134 EIGHT PAGES SAN FRANCISCO LAW JOURNAL VOU No 134 EIGHT PAGES DEATH TAKES MOTHER OF JUDGE DEASY COPARTNERSHIPS Filed June 9 1928 12202 Wm Schoenfeld as Schoenfeld Planing Mill Co 12203 Robert Miller and Walter Sutton as Pacific Gun Sight Co 682 24th av McCue 12201 Brenenstul as Western Photo Co 47 Kearny st A Skaile 12205 Faveimans Pharmacy as Faverman Drug Co Aithur Joel Jack-son Sections Organized at Meetings of Bar Governors Address Lawyers in Valley and Southern California Cities Determination of Profit or Loss on Post Mortem Sales Thru the courtesy of John Williams John Raleigh Kelly and George Barry Jr of the San Francisco ba The Recorder" Is enabled to print tH is morning a commentary upon the post mortem status of decedent's estates with relation to Income tax upon profits on sales of capital assets This discussion is particularly timely in view of the conflict be- tween the Treasury regulations andt the decisions of the Court of Claims BoTrd of Tax Appeals and United States District Courts The topic is of considerable interest to administrators and distributees and particularly to their attorneys The presentation of the questions involved is comprehensive and informative By WILLIAMS KELLY and BARRY of the San Francisco Bar I I A meeting of tne memheis of The State Bar in Sonoma county is be held at dinner on Tuesday eening June 12 at the Hotel Oc Mental at Ssnta Rosa This meeting will In addressed by Lawrence Pnter of Eureka President Joseph 1 Webb of The State Bar and Cushing of San Francisco Sections will be organized and the scope and pui pose of the work explained Interesting meetings at Stockton Modesto Visalia Bakersfield and Fref-no for the purpose of oigamzingj seel ions of The State Bar of Cahior- nia ate reported bv Cushing of Less Legislation On Business A Edward Cornelius and Joseph and two daughters Mary and Kathleen Funeral services will lie held totlav from 4'5 Valencia street Interment will be at JIolv Ci oss Cemetery Banker Deprecates Flood of Laws the San Francisco bar a memb of the iard of Goernoi who ad diessefi the meetings on the seupe ami pm pose of the section wotk The memheis of The Stale Bar re-ceiei our message gladly" Mr Cush ing stated manifesting much internes! In the projected work anl its pur- pose On Tuesday night at Sticktonj upwards of thirty Tempers of the bar1 corporations Pieston spoke Friday gathered at dinner in the Hotel Steak- at the weekly luncheon of the Coiti-ton with Superior Judge George I monwealth Club and fjeely criticised Buck president of the Snn Joaquin certain American tendencies toward County Bar Association presiding) regulation The Stockton lawyers will organize at Here aie a few of his pronounee-onee and will report the action of merits: Affairs Plea of Thomas Preston What this country needs according to Thomas Preston president of the Ame'iean Bankers' Association is fewer laws fewer banks and bigger Legal Insanity to Be Section Meet Theme Abolition of Paroles for Life Termers Abolishing Demurrers Also Topics Legal Insanity abolishing demurrers and motions to strike out and abolition of paroles for life termers will be discussed at meetings of subsections of Sections of The State Rar of California on Criminal Low and Procedure and Civil Procedure this afternoon while the subsection of the Section pn Regulatory Commissions will continue its survey of eorpoiate securities acts at a meeting this evening The Committee on Corporation Law will meet at IjOS Angeles today at 1:30 o'clock in the Chamber ol Commerce building Chairman (Jor-riil has Invited the Chamber of Commerce Clearing House Stock Exchange Investment Bankers Board of Trade and other organizations to send representatives to the meeting for the purpose of d'seussing changes in the corporation laws of the Stale The section work is progressing satisfactorily The subsection on Summary Judgments Samuel Bush chairman has praeticaflv completed its work and is ready to report the subsection on Simplification of Probate Procedure Perry Evans chairman making satisfactory progress the subsection on Simplification of Records on Appeal Nat Schmulowits chairman is working diligently while the subsection on Abolishing Demurrers and Motions to Strike Out Bian-denstein chairman is making an Intensive study of the snbfbct There will be meetings this week (Continued on Page Eight REALTY MEET TO BE RECORD BREAKER Committees are actively at work scheduling the business and entertainment programs for the twenty-fourth annual convention of the California Real Estate Association to be held in Sacramento October 8 to 12 From the Interest and enthuslasn displaced already the rvUy boaids of the State this will undoubtedly be one of the largest and finest of the State real estate conventions yet held In California according to Frank Michel the chairman of the Sacramento Real Estate Board foment on committee NEW SUITS Civil Filed May 28 1928 195564 John Griffith Steve Skliris contract $310 att to 8 A Schwarz 195567 Rasmussen Co Gene Cline et al as Parkside Creamery Co goods $524 att to 8 Baker 195568 Orale Lemley Lemley di- vorce cruelty Hudson 195569 United Credit Coll Co Mrs Thompson et al goods $2837 att to Alameda Meyer 195582 Firpo Ben Franklin Hotel Co notes $1001 att to San Mateo Perry 195585 Traders Credit Corp A Woods et al goods $608 att to Santa Cruz Stimmel 195592 The Sterling Adjustment Co Coz-zens Motor Co trade acceptance $350 att to Alameda Penaat Filed June 9 1928 195990 Wiseman Johansen et al foreclose chattel mortgage $2-185 48 Halsey and Leo 195991 The Yokohama Specie Bank etc Union Enterprise Co prom notes $13000 Webb 195992 Attachment 195993 Missing 195994 Jack Sanfilipo et al John Gillog-ley et al damages $2500 Thompson 195995 Knoll Romano et al foreclose mech lien Jefferson 106 3 Scott 100 159-4 $343 Pardlni Scampini A George 195996 Attachment 195997 Janie Ooncalves George Goncalves divorce ciuelty Marehus 195998 Anna Olsson Johnson Olsson divorce desertion Husted 195999 Marcel Fiore Pacific Auto Stages Inc et al pers injuries $2765 I Ma-roevich 196000 Young Florence I Young et al quiet title Cabnllo 95 34th av 25 106 Walter McGovern 196001 Attachment 196002 Marie Broil Daniel Broil divorce cruelty Alexander Shernffs 196003 In re Ella Holler petn for restoration to capacity Schofield St Prindle 196004 In re Norma Bacigalupi et al petn to establish birth Mazza 196005 In re Stock Strand Amusement Co petn for dissolution A Newbuigh 196006 Pearl Martin Arthur Martin annulment Mahoney and A McKenzie 196007 Burr Fitzpatrick Louis Canziani pers injuries $15000 Hubbard St Hubbard 196008 Gladys Hicks Webster Hicks divorce cruelty Hagerty 196009 Albert Cohn etc Callender et al replevin $425 Brownstone St Good-man and Backiack 396010 Spencer John A Rpaletta as admr rejected claim $810 Wm Spencer 196011 Attachment 196012 Albert Picard Arthur Bamuel-sen et al foreclose chattel mortgage $1200 Jose 196013 Robert Adams et ux vjolm Tindall et al pers injuries $4312 45 O'Brien Jr 196014 I Sommer Frank Zab et al quiet title Avalon av and London BE 25 SW 75 Sommer and Henry Newburgh 196015 Attachment 196016 Alphonse Sazevich Euni vich divorce desertion Marion Veckl 196017 Olga Carrigan alias Alien Haven prom notes $550 A Henning 196018 Goncalves May Goncalves divorce cruelty Jordan 196019 Faye Sarah Faye divorce desertion Richard Fitzpatrick 196020 Grace Finnegan Wm Finnegan divorce cruelty Trusty and Golden I 196021 Charles Reagh Marie Knapp et Dowd 50169 Finleriek Koschnick alias 196022 Attachment I 1960231 Bean Dennle Peltis et al I Tf contract $5i9Louis Fernyi Bricca 49044 George Nicholas let of and White I adm 196024 Mary A Pawlowskl Michael nr Pawlowski divorce extreme crueitv ha- bitual intemperance Robinson 4900G (harles Maroh BPtt of acct Probate 3111 (iHt 50174 Margaret Vail alias prd of will I petn of Blalack real and pers prop JUSTICES CLERK'S OFFICE over $10000 heuring June 28 Lynch 50175 Thomas Crosby let of adm petn The assignment of suits filed in the Jus- of Biuce estate under $10000 hear tires Clerks office is noted as follows? izig June 25 Mitchell Frank Jeasy: Dn trank Dunn (Continued on Pane Elaftt) ACTION TO ESTABLISH TITLE Filed June 9 1928 39742 Zellerbach Levinson Co plff 57-6 Ade alley 57 62 67 62 O'Gara DeMartinl JUDGMENTS (Filed with County Clerk NOT LIENS on real estate under Section 674 Code Civil Procedure) 195518 Jack Valenti Kitty Gillis $1900 194971 Golden West Credit etc George Newsom and Jeffers $830 43 187242 Ella Lang August Lang inti decree of divorce 193696 Mamie Scrivanl Andrew Scrivani inti decree of divorce i40 per month support $75 co fees and $13 50 costs 195277 Melnrath Brokerage Co Harold Weidenteld $831 73 195237 Behneman etc Hypres Pump Co $13726 35 186821 Clinton Con Co Perkins Mfg Co costs 182378 Evelyn A Knoff John Knoff final decree of divorce 182084 Ellen Thomas David Thomas same ENTRIES IN ORDER BOOK 180744MoVrissey City and County etc judgment 153397 Hardeman Inc Hund execution 147311 Globe etc Blalack et al dis 195265 Globe etc Seals etc judgt 195367 Same Same same 182084 Thomas Thomas final decree 195498 Becker Hayes et al default 176072 White Sheerin et al execution 182378 Knoff Knoff final decree 186821 Perkins Clinton etc judgment 187242 Long Long mtl decree 183387 Alvarez Schlave Co et aL dis 1921 13 Cup Coff Inc Gustafson judgt 182898 Insurance etc industrial etc trails 195518 Valenti Gillis judgment 194600 Larsen Kane et ai default 194971 Golden West etc Newsom judgt 193890 Grady Grady default 193H91 Tierney Tierney default 167536 Harms Seeger execution 195983 In re Lubbe decree 175075 Wilson Wilson final decree 194307 Watkins Watkins default 194858 Thorndyke Thoindyke default 195985 In re Harper Jr order 192299 McCaughan McCaughan default 193C96 Scrivani Scrivani mtl decree POSTING CLERK'S NOTICES Department Nina June 20 48198 Etnlyn Lewys allowance June zl 50168 Delia Kelly alias let of adm 50167 Andiew Gomez alias let of adm 50165 George It Juillv let of adm 46702 Robert Vance Kennedy alias sett of acct and dist 4S481 Mateo Mezquida set aside est Department Ten June 20 50162 Matthew McKenna let of adm 46964 George Ward Adams alias sett of acct and dist June 21 47063 Emma Allison sett of acct and dist their sections to the local bar 1 At Modesto another member of the Boatd of Oovernnis Walter II Stammer of Fresno joined me" Mr Cushing continued There we held a i luncheon meeting on Wednesday at which over twenty-five lawyers re present with Brown presiling As a result of our visit section oigan-lzauon will begin at once Visalia turned out alout thiitv (Continued on Page Eight STEWART CONTEMPT RULING DUE TODAY WASHINGTON June 10 Justice Frederick Siddons of the Distnct of Columbia Supreme Couit plans to rule tomorrow on the motion for a directed verdict in the trial of Robert TC Stewart chairman of the board of the Standard Oil Company of In diana SteWart is charged with re- fusing to answer questions aMted by a congressional committee The case is expected to reach the jurv possibly late' tomono'v or hv Tuesday 1 Preliminary In view of fluctuations in the market value of investments it is Important I for administrators and distributees that the assets on their respective books he et lip thereon at the legally correct figuics to the end that a reliable forecast may be made as to profit or loss on a proposed sale and that the gain or loss on completed transactions may he accurately computed Unfortunately the statutes court decisions and departmental rulings as to the post mortem status of a cedent's estate in relation lo the income tax on profits on sales of capitil assets are ambiguous and conflicting It will be the pm pose of this article to piesent a brief survey of the situation In the interest of brevity amounts of money mentioned in the decisions me usually given in round numbers Sales by Administrators For manv yea is the Treasury regulations declared that where an administrator sells property of the estate for more than its value at the death of the decedent the excess is income to the estate Such regulation was held imahd in McKinney (1926) 62 Court of Claims 180 In that case decedent had purchased 4800 shares of slock of the General Asphalt Co for $177000 prior to March 1 1913 upon whieh date said shares had a matket Value of $187000 The value was $67000 on the date of death April 28 1918 between which date and December 31 1918 the executors sold said shares for $160000 The commissioner ruled that the estate had gained $93000 hut the cotiri decided otherwise saying: Of course theie was no cost to the executors Thev were the personal representatives of the decedent The stock was the same stock as it had been in the hands of the decedent and as stated had lie lived and sold the sum himself there woul have been no question of taxable gam The fact that they W'ere executors did nut alter the situation Petition for Wnf of certiorari wrns denied bv the United Slates Supreme Saturday DISTRICT COURT Before St Sure 16820 In re Martin Coffer bkt oppn to petn for dischg ent 30 days to file speena 17008 In re Jack Rain bkt rept of ref on offer of eotupn confmd and dist old 17133 In re Theresa Egan adj bkt and ref to A Kreft 19575 Graliam Bros Auto etc ord action dis 1939 0 Niedt et al ord dec ent for plff 2095 Ferroggiaro et al same 1840 Hoy et al same ord to show cause on Peter Hoy dis-charged 18055 Meehan etc Proctor Gamble Dist Co mo to remand gr with costs to plff memo opn tiled Petitions in the following granted 15971 In re Montano bkt petn for dischg 1 15848 In re White petn for dischg 16129 In re Sanders petn for dischg JOHN Gallagher Mis Biidget Deasv mother of Superior Judge Daniel Deasy died at her home 808 Cole street Friday after an illness of several weeks Mrs De3sy was a native of Kilkenny Ireland and came here when a girl Besides Judge Deasy she leaves a husband Jeremiah four sons Thomas There never has been a domoc-ruev that has lasted more than 200 years and I sometimes wonder if we uie not legislating a wav our future We hae been a republic 150 eats and we already have passed more laws than all other countries in i he world since the birth of rimst Ninety per cent of the laws passed have as their object the regulation of business affairs Alaska has a population smaller than that of San Fiam isco et we have thirty-six commissions to run it Preston characterized Americans as the only people in the wrorld to go to war for fieedom and then legislate themselves out of il SANTA BARBARA June 10 Final arrangements for the BCugleV State oonvntlon which opens tomorrow In Aerie 442 626 Hunter-Dulin Bldg DOUGLAS 118 Summer Session 1928 Term Opens July 2nd COMMERCIAL I 1 1 1 1 1 Supreme Court I Appeal Right la Given CHARLESTON Va June 14 Federal Judge George McClintir lias granted the Interstate Commerce Commission the right to appeal to the United States Supreme Court from the decision of a special United States District Court which restrained the commission from preventing Southern railroads from putting into effect a voluntary reduction of twenty cents a ton in freight rates on coal ship-i nients to lake ports The appeal was taken from the decision handed down in Richmond Va April 14 The case which resulted in an injunction being issued against the eommiss'on Was instituted by more than 500 Southern cral operators Judge Lindsey Faces Disbarment Charge Acceptance of Fee Laid to Former Colorado Jurist DENVER June 10 Disbarment pioceedings against Ben jJndsay former judge of the Denver Juvenile Court and nationally known authority on Juvenile delinquency have been begun here by Attorney Genet al Boatright It was learned that the disciplinary measures against the former judge were at the request of the Ooloiado Bar Association The complaint charging professional misconduct as a member of the bar" sets forth that Lindsey represented Mrs Helen Elwood Stokes in contesting the will of her late husband Stokes New York millionaire and alleges certain persons" including Imdsev received more than $40000 for his fees in the litigation It is claimed the Judge had no right to take pait in the litigation because of his official position a Judge of the Juvenile Court The complaint alleges Lindsey received $37500 from Mrs Stokes and an additional $10000 from Samuel Untermyer New York lawyer also representing Mrs Stokes LOS ANGELES June 10 Disbarment proceedings against Ben Lindsey in Denver were characterized by the former Denver Juvenile Court judge here as pure malice on the part of political enemies" It was instigated out of pure malice by representatives of the Ktf Klux Klan which opposed my candidacy foi juvenile judge" he con tinned NOW HOGEVOLL Specialize in case for seamen and if you are too busy to look up J'The Law of the Sea let me assist you in making out the complaint or libel as the case may be Phone "Bouglas 3565 HART BROWN HART Official Superior Court Shorthand Reporters Depts 3 4 and 14 DEPOSITIONS CERF a COOPER Certified Public Accountants Successors to GREIIN HOOD JANSEN Audits Investigations Income Estate and Inheritance Taxes TEL DAVENPORT 1131 STREET 519 CALIFORNIA of INVESTIGATIONS Costello Former Federal and State Agent Costello Bureau of Investigation Pacific Building Kearny 7699 BANK SERVICES Huld Meetings File Articles Issue Stock Resident Agent Transfer Agent Registrar Agent ALL INCLUDED IN OUR NOMINAL FEES San Francisco Office 1144 Russ Bldg GEO BAKER Vice-President Kearny 298 LAWBOOKS HARRY LAKE Representing BENDER-MOSS CO Law Book Publishers Phone Park 673 LEGAL PHOTOGRAPHS Fat Expert Dependable Service MORTON CO 515 Market St Phone Douglas 154 CARLOS GRIFFIN Attorney at taw Formerly Examiner 8 Patent Offlco I) and Foreign Patent nd Trade Mark 3045-6 Flatiron Buildtnf butter and Market Street Established in ban braucio yeara Phone butter 6616 Court on October 25 1926 (273 3 716) On April 6 1927 the regulations were amended by 4011 to $he cftect that where the executor sells piopertj of the estate for more than what the decedent paid for it the excess is income taxable to the estate The amended regulation conflicts wqth the following decisions of the Board of Tax Appeals and the United States Distnct Court for the Western District of New' York: In the Appeal of Bray (1926) 4 A 42 it appeared that the decedent had paid $ld8u00 for certain securities which at the date of the death wore valued at $98000 and were sold the administratrix for $97600 The administratrix claimed a loss of either $10000 or $400 the board decided that $400 was the amount of the loss saying: We are clearlv of the opinion that the taxpaver is not entitled to deduction of the larger amount since the cost to the decedent was the basis from which he would compute a gam or loss on the sale but is not the basis for his estate which is the value at the time of receipt by it In the Appeal of Straight (1927) A 177 it appeared that dece dent died November 30 1918 and that the executrix in 1919 sold certain (Continued on Page Five) OLD AGE PENSIONS PLAN INVESTIGATED SACRAMENTO June 10 Estab-hshment of an old age pension plan in California will be recommended to the 1929 Legislature only if such a plan is definitely proved cheaper for the counties and better for the old people" than the present poor house svstem That is the present attitude of Mml Anna Saylor state director of social tvelfare whose department 4s making an investigation of the question Mrs Saylor declared she is not vet committed to any given recommendation Proceedings 16831 In re George Fisher petn for dischg 16865 In re Gustave Rosen petn tor dischg 16755 In re Bowman petn for dischg 16718 In re Poulson petn for dischg Before Louderback 19217 Kassmir et al on tiial contd to Tuesday 10 a 19578 Skoginad ord def sen to fine of flOO Before Kreft Referee 16901 Lamont Sugden recrs sale off cal DISTRICT COURTS OF APPEAL FIRST DISTRICT Saturday June 9 1928 Division One 6267 Charles Brown Sons White Lunch Company By the Court: The above entitled cause having been heretofore called and upon stipulation on file it is hereby ordered that said cause be and the IContinued on Page Eight) ROE Gallagher TRABUCCO Attorney-atLaw Registered Patent Office PATENTS TRADEMARKS HOBART BUILDING Phone Sutter Edward Oscar Heinrich bs SAN FRANCISCO: 14 CALIFORNIA ST BRRKRLIY: 1001 OXFORD STREFT Consulting Expert in DISPUTED HANDWRITING Typewriting Ink Paper etc in con oection wuh their use as Legal Evidence Douglas 6145 (Office Tel) Ashberry I47 (Laboratory Td Members: National and Cahturnia Shorthand Asns Chamber of Commerce PRIVATE DEPOSITION SUITE Organized 1909 Entirely New Rules of Practice UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA Adopted June 5 T92 In effect July i 1928 Official Court Reporters DEPOSITIONS PATENTS TRADE MARKS LINCOLN JOHNSON Registered Patent Attorney 1645 RUSS BUILDING Phone: Sutter 5726 Lower Fees Due to flie excellent business Anne by our firm witn local attorneys We are able to reduce our Residence and Transfer fees as follows First Years Resident agent $100 Transfer agency 00 Later Years: Resident agency 50 (Reduced from $100) Transfer agency 50 Kearny 6057 NEVADA AGENCY TRUST RENO NEVADA 459 Mills Building San Franciico Calif BANKRUPTCY MONDAYS WEDNESDAYS AND FRIDAYS LHII HIM TWO-HOUR SESSIONS Using I I 'ol BROOK AND AkU-rs CaSIS ON BANKRUPTCY 2nd Edition Instnutor Grant IVirrt LLB of the Board of Trade of San Ft an risen PUBLIC SPEAKING MONDAYS WEDNESDAYS AND FRIDAYS liiiinn two-hour sfssions Using Focttrs Arcumi station and Dr bating (Revised Edition) Instructor Robert Littler AB AM FACII SI WON STARTS AT 7 :3 SAN FRANCISCO LAW SCHOOL CALL BUILDING 74 NEW MONTGOMERY STREFT 'I LTPIIONK KLARNY 425 I JOHN GALLAGHER lertiflM by Civil Service Commission Court Stenographer No 1 (B4 BANK OF ITALY BUILDING 48S California Street Typewriting Mimeographing Dictaphone transcribing Davenport 5090 READY ABOUT JUNE 18 PRICE $100 VICTOR AARON JONES SUTTER CERTIFIED PUBLIC ACCOUNTANTS Audits Systems Investigations Income Tax Service FINANCIAL CENTER BUILDING 405 Montgomery St Davenport 6289 ORDER The RECORDER PRINTING and PUBLISHING CO 693 Stevenson Street San Francisco THE SAN FRANCISCO BANK INCORPORATED FEBRUARY IOTH ISSS EUGENE KERRIGAN Confidential Investigations for Attorneys MILLS BUILDING Garfield 1858 GEORGE HENRY Registered Patent Attorney Export assistance In difficult mechanical electrical and chemical cases and foreign patents 605-606 Crocker Building Phone Kearny 6109 Erwin Cooper Co PUBLIC STENOGRAPHERS Member Shorthand Reporters Association 1 Montgomery St Room 500 Telephone! Yeamy 4253 One of the Oldest Banks in California the Assets ofwhich have never been increased by mergers or consolidations with other Banks MEMBER ASSOCIATED SAVINGS BANKS OF SAN FRANCISCO 526 California Street San Francisco Cal DECEMBER 31st 1927 Assets JU7 39423404 Capital Reserve and Contingent Funds 485000000 Employees' Pension Fund over 560000000 standing on Books at 10" MISSION BRANCH Mifion snd 21st Streets BAKK-RRESIDIO BRANCH Clement St nd 7h Ave HAIGHT SI REE BRANCH Hslghl nd Belvedere Street WEST BOR TAL BRANCH West 1'ortl Ave end Ullos St Interest paid on Deposits at the rate of FOUR AND ONE-QUARTER (4 per cent per annum COMPUTED MONTHLY and COMPOUNDED QUARTERLY AND MAY BE WITHDRAWN QUARTERLY a DO YOU NEEO CAPITAL TO DEVELOP A NEW ENTERPRISE OR EXPAND YOLK PRESENT ONE rtf Jf your proposition I accepted by us we are reasonably sure that we can procure (or you the needed finance Our staff of associate Is composed of experts specializing In mergers syndicates incorporations and financial engineering Corporation Service Development Co $06 Russ Bonding Kearny 6111 i.