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Board of Trade Membership Now 997

Organization Gains 462 Members Since January 1, 1909, the June Campaign Bringing in 135 of this Number.
J. Harvey Curtis' Squad Wins the Cup, and Evan F. Jones with 30 Members is High Man.
Names of the New Additions

THE most enthusiastic and result-producing membership contest in the history of the Worcester Board of Trade came to an end June 30, when 135 members were added to this Board, bringing the total number belonging to 997, the largest membership the Board has boasted in the 35 years of its existence. The prizewinning squad that was headed by J. Harvey Curtis obtained 65 of these 135 members.

With this addition the organization has grown exactly 462 since Jan. 1, 1909, or an average of a little over 200

a year.

Enthusiastic and inspiring meetings were held every Tuesday evening during the month, and the workers in the various squads derived no end of enjoyment from the rivalry that sprung up at the very start and continued unabated to the end.

More beneficial still, however, was the stimulus that the contest gave to the Worcester spirit. For the first time in many years business men went out on the streets of Worcester and gave freely of their time and talents to the one business of city development, of building up public spirit, of inciting men to join the Board of Trade and help exalt this city.

Unrivaled work in this direction was done by Mr. Evan F. Jones, general manager of the Morgan Spring Co., who of himself brought into the organization 30 members out of the 135 gained, or an average of one a day. Mr. Jones came armed and equipped with the "I will" spirit that Chicago has adopted as its motto, and it is no wonder that the great metropolis on the shores of Lake Michigan grows like a weed with such men behind it. He was ably backed up by his team leader, J. Harvey Curtis, and together they made a combination that was well-nigh irresistible. Our auditor, H. Lennox Bray, was another member who gave unstintedly of

his time to this cause, as did the clerk of the corporation, Dana M. Dustan. The last day of the contest

these four men made up an automobile party that put in the whole day canvassing the city. The results of such tactics were shown at nightfall by the addition of 32 new members certainly a pretty fair day's work. But there were others who labored zealously and who must not be omitted when credit is given. The chairman of the committee, Mr. M. W. Donahue, was always alert to every opportunity and aided much by his thoughtful, kindly and diplomatic counsel in the grand result achieved. James F. Healy was the same human dynamo he always is, and added life and zest to the whole contest by his enthusiasm and confidence. Julian F. Bigelow proved once more his loyalty to the Board of Trade, and Burt W. Greenwood, although a new member, gave a fine account of himself. Among the squad workers were a large number who deserve special mention, but space will permit of the enumeration of only a comparatively few. Besides those mentioned above,

THE BEAUTIFUL TROPHY PRESENTED BY DAIVD H. FANNING

the organization is indebted to Messrs. Clarence J. Abbott, Gustaf A. Berg, Edward P. Ingraham, Harry W. Goddard, Henry P. Savory, John L. Sewall, Thomas T. Schouler, Timothy J. Hurley, Arthur R. Haven, William W. Johnson, Luther C. Brown, George C. Moore, Charles Greenwood, Arthur C. Comins, Harry R. Sinclair, William D. Chenery, Alfred J. Cumming, Henry A. Magowan, Edward H. Marsh, Hon. Edward F. Fletcher, Dr. Louis N. Wilson, Dr. Melvin G. Overlock and Rev. Dr. Archibald McCullagh for services rendered. All of these gentlemen gave lavishly of their time, and brought in one or more new members as a result.

The President, Mr. E. M. Woodward, also must be credited with a material share in the outcome. He sent out over his signature letters to all the members, inciting them to do their utmost to swell our membership, and nineteen responses came from this call.

The month of June is perhaps as hard a month as there is in all the

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In every city where the Board of Trade is poorly patronized and freely criticised, the community will behold its development through a glass darkly; but in every city where the Board of Trade is loyally supported and liberally endowed, it will behold its own superb destiny face to face.

If Worcester could only realize that fact it could compress the growth of ten years into one and instead of waiting until 1920 for 200,000 people, it could have them here, the accommodations to house them, and the industries to keep them busy, before 1915.

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It is not brick and mortar that builds cities like Worcester, but faith and loyalty and love and self sacrifice. Not How much can I get out of Worcester?" but "How much can I do for Worcester?" ought to be our motto; and if every new member of this Board, and every old member, too, for that matter, will adopt that as his guiding principle during the next twelve months, the Heart of the Commonwealth will pulsate with the throbbings of civic life, material progress and good fellowship as it has never done in all its history.

A list is appended of the new members, giving their names and business or professional connections:

Balcom, W. H., laundry, 17 Church Street.

Cross, John J., laundry, 86 Exchange Street.
Winchester, Harry M., bookkeeper, 82 Foster Street.
Baker, Charles, Lumber Co., 82 Foster Street.

Bigelow, Francis H., real estate, 11 Foster Street, Room 6.

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J. HARVEY CURTIS

twelve to get new members. Everybody, in this latitude at any rate, is thinking of summer outings and not of Board of Trade matters. That a body of enthusiasts working for a common purpose-viz., the making of this organization the biggest and best Board of Trade in New England-could in thirty days arouse our people as they certainly did, is an earnest of what can be done in Worcester when the circumstances are favorable.

The officials of the Board do not intend to allow the interest in our development, as an organization that has now been awakened, to die out with the presentation of the $125 Fanning loving-cup to the winning squad which J. Harvey Curtis heads. On the contrary they intend to keep up the good work right through the official year.

With the quarters of the organization amplified, a library and ample committee rooms added, electric lighting installed and the whole building, including our hall, beautifully decorated and modernized, the Worcester Board of Trade will possess the finest home of any commercial body in the East. Such a body is worthy of the support of every public-spirited man in Worcester. There are at least 500 such men who are not yet members of this Board who ought to be brought into our ranks this year. It will be the principal business of this enlarged Membership Committee, during the next nine months, to bring these men to a realizing sense of the duty they owe to the city that enriches and honors them. If they are to prove their citizenship they can do it in no other way so well as by joining the Worcester Board of Trade, and throwing all their weight into the struggle that we are making here to open the eyes of this city to a perception of its own greatness and its magnificent destiny.

EVAN F. JONES

Scott, Geo. F., druggist, 569 Main Street.

Beahan, J. A., general agent N. Y., N. H. & H. R. R. Co., 43 Madison Street. Burley, Benj. T., physician, 25 High Street.

Parker, Herbert S., treasurer Macullar, Son & Parker Co., merchant tailors, 425 Main Street.

Runo, Victor E., attorney-at-law, 340 Main Street.

Fay, Albert E., lawyer, 339 Main Street.

Burbank, Wm. F., proprietor Charles W. Burbank & Co., printers, 2 Allen Court. Bliven, C. Frank, dentist, Slater building.

Allen, Walter H., secretary and assistant treasurer N. E. Steel Roofing Co., 274 Main Street.

Rebboli, Ralph C., president and secretary Rebboli Co., 444 Main Street. Kenney, F. J., president and manager Kenney-Kennedy Co., selling classy clothes, 412 Main Street.

Manning, Howard A., dentist, 518 Main Street.

Lundgren, Geo. J., wallpaper salesman, Bloom & Swenson Co., 34 Pleasant Street. Stearns, Wm. H., manager and treasurer W. H. Stearns Stamping Co., 34 Southbridge Street.

Burlingame, Harris, freight forwarders, 22 Cypress Street.

Gammon, A. K., office equipment, 632 State Mutual building.

Madaus, F. B., proprietor florist shop, 372 Main Street.

Elias, Saul, clothing dealer, 282 Main Street.

Crocker, Joseph H., proprietor Crocker's restaurant, 563 Main Street.

Rogers, James M., clothing dealer, 21 Pleasant Street.

Brewer, H. D., Brewer & Co., wholesale druggists, 221 Commercial Street.

Holden, Warren F., president W. N. Gleason Co., fruit and produce, 18 Bridge

Street.

Upham, Chester F., vice-president W. N. Gleason Co., fruit and produce, 18 Bridge Street.

Martin, DeForrest E., secretary W. N. Gleason Co., fruit and produce, 18 Bridge Street.

Bliss, Geo. R., Bliss Clothing & Gents' Furnishing Store, 594-600 Main Street.
Dudley, Jonas G., dentist, 1 Chatham Street.

Carroll, Mark O., proprietor and manager Linen Store, 370 Main Street.
Martin, F. G., dentist, 419 Main Street.

Finch, B. E., manager F. W. Woolworth Co., 16 Front Street.

Sweeney, Geo. F., manager Machine Shippers' Association, 236 Old South building, Boston, Mass.

Lucke, Frederick H., jeweler, 281 Main Street.

Stone, Walter J., treasurer Stone & Berg Lumber Co., 181 Union Street.
Ohlson, Olof F., contractor, 10 Brunswick Street.

Knowlton, Frank J., secretary Barnard, Sumner & Putnam Co., dry goods dealers, 327 Main Street.

Snow, Arthur P., rubber tires, 10 Waldo Street.
Franks, Edward E., jeweler, 399 Main Street.

Richardson, C. M., Converse & Richardson, grocers, 822 Main Street.

Ferre, James F., manager Mutual Life Insurance Co. of New York, 44 Front Street.

Robertson, Edward A., superintendent Metropolitan Life Insurance Co., Rooms 516-518 State Mutual building.

Henebery, Michael A., lawyer, 920 Slater Building.

Tyler, Oliver P., president and treasurer Macker-Tyler Co., 31 Central Street. Babb, Thomas E., Jr., bond salesman, American Real Estate Co., 627 State Mutual building.

Pulsifer, Harry B., automobile dealer, 12 Vine Street.

Clough, John A., lawyer, 340 Main Street.

Garbutt, C. M., insurance and real estate, 339 Main Street.
Bergquist, John, building contractor, 19 Everard Street.
Tracy, Charles H., real estate, 408 State Mutual building.
Devoy, J. D., wholesale produce dealer, 53 Park Street.

Fenchel, Hugo, traffic manager Co-operative Delivery Co., 315 Grafton Street.
Matteson, John M., building contractor and real estate dealer, 233 West Boylston
Street.

Thompson, Geo. M., superintendent Spencer Wire Co., 80 Webster Street. Plunkett, Francis T., F. T. Plunkett & Co., restaurant, 45-49 Mechanic Street. Toner, Wm. H., Wm. H. Toner & Co., plumbing contractors, 174 Main Street. Asselta, Joseph A., Goodyear Shoe Repairing Co., 395 Main Street.

Dodge, John H., general manager Lowell Wrench Co., manufacturers ratchet wrenches, 91 Exchange Street.

Broadhead, A. P., chief electrician, Morgan Spring Co., West Boylston Street.
Carberry, James F., Dawson Machine Co., 2 Sargent Street.

Myles, F. G., chief inspector Morgan Spring Co., West Boylston Street.
Park, A. J., treasurer Norcross Bros. Co., 10 East Worcester Street.

Stewart, Samuel A., Jr., president and manager J. W. Sargent & Son Co., 34
Waldo Street.

Ham, E. W., Delta Electric Co., electrical supplies, 5 Barton Place.
Chickering, Fred S., stable, 34 Austin Street.

Farnum, John A., manufacturer account books, 68 High Street.

Hildreth, Walter H., superintendent, A. G. Hildreth, overall manufacturer, 25
Hermon Street.

Vickery, Valentine M., president V. S. Undermuslin Co., 154 Front Street.
Gross, Henry J., secretary Norcross Bros. Co., 10 East Worcester Street.
Morgan, C. F., treasurer Morgan Spring Co., West Boylston Street.
Stevenson, John H., treasurer V. S. Undermuslin Co., 154 Front Street.
Fish, M. R., assistant superintendent Morgan Spring Co., West Boylston Street.
Smith, Walter E., general agent General Accident Assurance Corporation, 518
Main Street.

Sleeper, F. H., mechanical engineer Morgan Spring Co., West Boylston Street.
Chamberlin, F. A., president H. M. Waite Hardware Co., 189 Front Street.
Denholm, John A., assistant treasurer Wright Wire Co., 69 Hammond Street.
Saunders, Charles S., manager Currie-Fairbanks Baking Co., 746-748 Main
Street.

Newkirk, G. E., advertising manager Denholm & McKay Co., 484 Main Street. Bowler, Alex., treasurer Bowler Bros., Limited, brewers, Ellsworth, cor. Quinsigamond Avenue.

Moore, John V., superintendent Geo. C. Moore Elastic Web Manufacturing Co. 51 Union Street.

Chandler, Walter L., accountant and office manager Allen-Higgins Wall Paper
Co., West Boylston Street.

Butler, Frank F., R. C. Taylor estate, real estate dealer, 438 Main Street.
Adams, Charles H., manager Motor Supply House, 24 Austin Street.
Wheeler, Aurelius F., dentist, 518 Main Street.

Cahill, J. J., plumber, J. T. Cahill & Sons, 18 Pleasant Street.

Kilton, W. S., president W. S. Kilton Co., wool stock, 30 Shrewsbury Street. Mannix, Neal, caterer, Franklin Square.

Bridges, Geo. O., secretary and treasurer Worcester Co-operative Banks, 318 Slater building.

Jenckes, Lawrence B., Crompton & Knowles Loom Works, Grand, cor. Tainter Street.

Schofield, Samuel B., bookkeeper, Crompton & Knowles Loom Works, Grand, cor. Tainter Street.

Curtis, Philip N., sales manager Richardson Manufacturing Co., 84 Prescott
Street.

Bowen, Fred J., bookkeeper, Crompton & Knowles Loom Works, Grand, cor.
Tainter Street.
Hennigan, John J. E., lunch wagon manufacturer, 38 Cutler Street.

Kiely, James J., leaded glass manufacturer, 23 Glen Street.
Taylor, John E., contractor, Brookside Avenue.

Foster, Geo. H., farmer, 475 Salisbury Street.

Persons, Charles A., president Persons Manufacturing Co., 196 Franklin Street. Hartshorn, Arthur E., farmer, 197 May Street.

Syme, John B., Crompton & Knowles Loom Works, Grand, cor. Tainter Street.
Regan, Jere F., restaurant, 23 Mechanic Street.

Savage, B. E., treasurer New England Contracting Co., 34 Bellevue Street.
Quarfoth, Walfred E., contractor, painter, 96 Rodney Street.
Boepple, Geo., provision dealer, 86 and 600 Millbury Street.

Ewell, Arthur W., assistant professor Worcester Polytechnic Institute.

Butts, Frederick M., heavy hardware, iron and steel, Butts & Ordway Co., 17
Blackstone Street.

Ham, Otis F., superintendent Delta Electric Co., 5 Barton Place.
Wheeler, M. A., manufacturer plunger elevators, 44 School Street.
Howard, Earle, Crompton & Knowles Loom Works, Grand, cor. Tainter.
Miller, Morton M., Miller, Richards Manufacturing Co., manufacturers wire
cloth, 33 North Foster Street.

Morrell, Edw. D. R., attorney-at-law, 405 Main Street.

Welin, Peter, Palace Auto Station, Incorp., 735-737 Main Street.

Temple, Henry D., Henry D. Temple Co., electrical engineers, contractors, 217
Commercial Street.

Hirsch, Adolph, Grodberg & Hirsch, retail clothiers, 43 Pleasant Street.
Hawes, Edwin, Edwin Hawes Co., steam and hot water heating, 17 Vine Street.
Howe, A. B., manager S. S. Kresge 5 and 10c. store, 474 Main Street.
Armstrong, John F., real estate and fire insurance dealer, 554 Main Street.
Reidy, Maurice F., real estate dealer, 340 Main Street.

Green, C. A., secretary Woods-Sherwoods Co., manufacturers wire goods, 28
Union Street.

Janes, Lewis H., secretary Wire Goods Co., 28 Union Street.

Green, Lewis L., attorney-at-law, 340 Main Street.

Leighton, Leroy, agent Hudson automobile, 36 Central Street.

Reilly, Frank L., lawyer, 340 Main Street.

Tupper, Clarence E., attorney-at-law, 340 Main Street.

Copeland, Geo. E., assistant treasurer Sumner-Claflin Coal Co., 9 Pleasant Street.
Berg, Gustaf L., milk inspector, Room 6, City Hall.
Svenson, Oscar S., dentist, 207 Main Street.

Conant, Levi L., president Worcester Polytechnic Institute.

Dorward, Erwin P., president, manager Fuller Regalia & Costume Co., 654 Main Street.

Willis, Fred L., general secretary Y. M. C. A., 10 Elm Street.

Cleveland, Geo. R., salesman M. Steinert & Sons Co., piano dealers, 308 Main Street.

Grosvenor, Charles A., Ware Pratt Co., 400 Main Street.

Cook, Roscoe W., F. E. Powers Co., 570 Main Street.

Partridge, Leon Rice, manager Safe Deposit Vaults, Merchants National Bank, 446 Main Street.

Brennan, S. C., manager M. Steinert & Sons Co., 308 Main Street.

Andree, Joseph W., manager Van, the hatter, 6 Mechanic Street.
Ricker, Fred A., piano dealer, 1 Chatham Street.

Skyllberg, O. Bruno, boss painter, 241 Main Street.

Knights, Arthur A., Massachusetts Machine Shops, Inc., 100 Beacon Street.

Booth, Charles M., sales agent, American Steel & Wire Co., 94 Grove Street. Emery, Pitt E., sales agent, 671 Main Street.

French, Henry H., manager Richard French Iron Works, Muskeego and Albany

Streets.

Phelps, Henry R., groceries and provisions, 32 Grove Street.

Holyoke Hustles

When a New England community awakes and brings into activity its latent strength and energy, the stoutest barriers of custom and conservatism are swept aside by a rushing tide of progress as irresistible as the Mississippi in flood. Holyoke, with its striking opportunities for industrial greatness, is in the throes of a mighty revival of interest and concentrated effort. A new Board of Trade has been formed, and under the efficient guidance of President Thomas S. Childs, formerly of Worcester, and Secretary Morton T. Hull, it is moving forward to new conquests. Nearly 500 of the city's leading manufacturers and merchants have joined the new organization, and the top floor of the city's finest business block is being fitted up for the Board's home. The cost of furnishing the quarters, amounting to $2000, has been met by four big manufacturers. In the latter part of June the merchants gave the use of their windows to the manufacturers, and an exhibit of Holyoke products was made that attracted thousands of visitors from far and near. The educational advantage of this exhibit was farreaching, and when the incorporation of the Board, now under way, is completed, its sister cities in western Massachusetts will be compelled to keep their eyes on Holyoke.

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For their Annual Meeting, the Members of the New England Association of Commercial Executives Assemble at Lake Quinsigamond. All Report an Enjoyable Day, and Return Home, After Having Honored Worcester in the Election of Officers, with Renewed Determination to Bring Prosperity to Old New England

WHEN

HEN Greek meets Greek there comes the tug-ofwar, but when commercial executive meets commercial executive, in New England, then come the joys of peace. This was the unanimous verdict, at any rate, of the men who came to Worcester, the first Saturday in June, to hold the annual meeting of the New England Association of Commerical Executives. From Connecticut and Rhode Island and Massachusetts came the pilgrims, and messages and telegrams from those who could not be present in the flesh assured those of us who were there that the heart of old New England still beats responsive to every pulsation of enthusiasm and good cheer and loyalty.

When Baxter, of Hartford, after the President's speech of acceptance, stood up and called for three cheers for good old New England, the response made the welkin ring, and about everything else ring in the immediate vicinity.

For the first time in the history of such gatherings, the presence of the presidents of the local organizations, where the celebration was held, was a feature of the occasion. Both Mr. E. M. Woodward, president of the Worcester Board of Trade, and Mr. E. E. Dodge, president of the Worcester Merchants Association, were in attendance, and contributed very materially to the success of the occasion.

The out-of-town delegates arrived here about 11

o'clock in the forenoon, and gathered at the Board of Trade rooms, 11 Foster Street, where they soon made themselves at home, distributing large celluloid badges about six inches in diameter, on which were such mottoes as: "No Prohibitionist can Appreciate Ice Water," and similar bits of airy persiflage. Nobody that had seen the crowd and heard them talk would have imagined for the fractional part of a second that they were from "dead New England." On the contrary, one would have thought that they belonged to the Texas Commercial Secretaries' Association, or any other bunch of live wires grouped together in the younger and less staid sections of the country.

A special car was chartered to take the party to Lake Quinsigamond, and there, thanks to the kindness and courtesy of Commodore John E. Bradley, the hospitable and beautiful home of the Tatassit Club was thrown open for their use.

The tables, garlanded with roses and dazzling in their array of silver and cut glass, prepared the guests for the epicurean triumph that followed. Nothing that could tempt the most fastidious palate was omitted, the steward preparing a dinner for the occasion that was as notable for its appeal as it was for its studied excellence.

Both President Woodward and President Dodge, in words that came straight from the heart, welcomed the representatives of the commercial organizations of New

England to the Heart of the Commonwealth, and the response that came back evidenced the fact that the utterances of the speakers were not regarded by our guests as the mere mouthings of an idle hour, but as the pure gold of genuine friendship, stamped with the hallmark of sincerity and truth.

During the dinner hour the annual meeting was held, the association, with a courtesy that is characteristic, bestowing on the secretaries of the two Worcester organizations the presidency and secretaryship of the New England body, and then all hands had their photographs taken, a reproduction appearing herewith. After this came a most refreshing sail on the lake.

During this little voyage the Secretary of this Board took occasion to explain to the Massachusetts men present the necessity for the State's acquiring the causeway, so called, leading across the lake, and the entire lake front as well, in order to preserve its natural beauties and eliminate rowdyism now, at times, quite uncontrollable on some portions of the shore. The Worcester Board of Trade is endeavoring to have the State take all this over, and rejoices at the passage of a measure by this Legislature, thanks to Representative Mahoney and the entire Worcester delegation, providing for the appointment of a commission with this end in view.

Disembarking, automobiles were taken for a ride about the city and for a preliminary survey of the new Union Station, opened the following day, after which the visitors returned to their several homes, loud in their praises of the unstinted nature of Worcester hospitality, The Chairman of the Committee on Meetings and Receptions of this Board, Mr. Henry A. Macgowan, was untiring in his efforts to make the occasion pleasurable and memorable, and he was assisted by a splendid delegation of Worcester business men from both the Board of Trade and Merchants Association, including Mr. John P. Coghlin, Col. Wm. A. Lytle, Mr. William W. Johnson, Mr. Walter D. Ross, Mr. Albert A. Spaulding, Mr. Harry C. Robinson, Mr. John L. Sewall, Mr. Elwood Adams and Vice-president Albert H. Inman, of this Board.

The visitors were as follows: Messrs. James A. McKibben and Richard J. Walsh, Boston Chamber of Commerce; William G. Baxter, Hartford Business Men's Association; Edward F. Sibley, Olneyville (R. I.) Business Men's Association; Edgar Porter, Framingham Board of Trade; Ernest L. Waitt, Fitchburg Board of Trade; Albert M. Child, Haverhill Board of Trade; Albert Terrien, Nashua Board of Trade; Charles A. King, Beverly Board of Trade; Benjamin A. Patch, Beverly Business Men's Association; Arthur W. Stetson, Quincy Board of Trade; H. W. Rugg, Sterling Business Men's Association; Sidney T. Braman, Pittsfield Board of Trade; H. E. Tuttle, Waltham Board of Trade; James B. Littlefield, Rhode Island Business Men's Association, and E. G. Sullivan, Salem Board of Trade.

During the meeting the deserved compliment of honorary membership was bestowed on two former and very highly esteemed members of the organization, Messrs. Fred T. Dunlap of Manchester, N. H., and John L. Sewall of Worcester. Mr. McKibben was also elected vice-president of the organization, and would have been unanimously re-elected president had he consented to

serve.

The Allied Machinery Company Foreign trade extension for the particular benefit of American machine tool builders is contemplated in the

recent formation of the Allied Machinery Company of New York, by the National City Bank of that city. Heretofore the continental sales of American machine tools have been principally through such houses as Schuchardt & Schutte, etc., but it is now proposed to have this work all done by our own people.

The National City Bank has been very fortunate in securing the services of Capt. Godfrey L. Carden of the United States Revenue Cutter service as general manager for the new company. Captain Carden was, in 1908, sent abroad as a special agent for the Department of Commerce and Labor, being detailed to that duty with special instructions to study the machine. tool situation in Europe. The Allied Machinery Company has now been able to secure his services for it until the government requires him again, he being given a furlough for that purpose.

Captain Carden, who is well known and highly thought of by the machine tool builders of Worcester, brings to his new duties a reputation unexcelled for reliability and sound judgment. His reports to the government. have stamped him as a man of unusual intelligence, and his position has enabled him to obtain information that is invaluable to the metal trades industry of this country. This information will now be brought into instant service.

Excepting Captain Carden, all of the Directors of the new company are officials of the National City Bank. Captain Carden and Samuel McRoberts, the president, have gone to Europe for the purpose of opening offices for the company in Paris, Russia and Austria. Later it is proposed to conduct a general campaign for the marketing of American machinery in all the countries of the world where metal-working machinery is used. More than sixty manufacturers have signed contracts with the new corporation under which their foreign marketing will be handled by the Allied Machinery Company.

It is expected that stipulations will be made, when great foreign loans are being placed by the American banking institution with which the machinery company is identified, that a certain amount of the money must be spent for American equipment.

The magnitude of this undertaking can be guessed when one reflects that the National City Bank has fully three hundred million dollars of immediate resources, and it is the leading factor of a group of banks and trust companies controlling fully four hundred million dollars more in resources.

The success of the project means that the export business in metal-working machinery is to be subjected to a widespread readjustment within the next few months. It is expected that a profitable business will result for the bank in handling the bills of lading, mercantile paper, loans, etc., of the company, when its agencies become well established, and that, having this kind of financial backing, the Allied Machinery Company will largely aid in developing our machinery export trade. The activity of the officials of the National City Bank of New York in this enterprise indicates that they realize that the time has come for the great financial interests of the United States to assist in building up our exports of manufactured products.

It is a matter of pride and satisfaction to note that Worcester machine tool builders are included in the ranks of the Allied Machinery Company, and a very considerable growth in our export trade is expected to be the immediate outcome of this connection.

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