failures In March Increased 03 8 p?,
r.Mm.bUt deCrcBsed 18-3 P" cent. In
I abilitie,. according to Braditrett',
he failures totaled 2,307. with llabill
9 JS7.613.590. against 1.500 faM
r'C.^";.nu?.rtr?rs.1,:^h ;rr?"
cent., largely due to th.- fact that the?
were Ave more buslnea. day Zunrcl
than, there were in February. TherJ
n pre. however, 15..5 r,er cent f=?
lailuros in March than in January which
? ays ? 16 numb?r nf business
^labilities in March were about 14 n?
??nt. smaller than thev we,,, j J>hrl7
ary and a little more than lilf
<* tiva iirst,
or were 7,111, an Increase .. < :
>>?r cent, compared with the total h,
first quarter of 1921 and 16.2 per cent
more than the previous first <%?,?"?
fecord, made In 1915. <j ier s
AID TO FARMRRn j;; t?IM?
"JVashinoton, April 3 Creation <,r o
.'"edersl Institution similar to the re
122?. b7k 7,tem to PWMa lon?t term
miT^i . I rmprs was proposed in a
bill Introduced today b- Senator nir?
Tthe svnat!.'C'K ' "rWf,r chairman*
"r the Senate-Finance Coimnittae. It wn?
referred to that oti/iiriiittee,
t*CT>V<YAM XtRRt.RR.JR. ELEtTKT
Following the resignation of Willis *.
?17 R" pro"ilent of 'ho Royal Bnkin?
Towder Company William Zleglcr Jr
was elected to that office In vc*torrtn-'?
meeting of it* directors.
PENNSYLVANIA NET
DECREASES IN 1921
Income of $24,307,669 of Last
Year Shows $8,494,004
Drop in Period.
The Mvialy-flfth annual report of the
Pennsylvania Railroad Company, to be
Issued to-day to the owners of its
$499,173,400 of outstanding capital
stock, discloses that in 1921 the opera
tion of the road resulted in net income
of $24,307,669 after taxes and fixed
charges, or 4.87 per cent, on Its stock.
