In the notice of the meeting pre
ferred stockholders are Informed the
syndicate will pay to each holder of
that class of stock $50 cash a share,
or will deliver in exchange for each
certificate of preferred stock of the
old company 150 per cent, a share of
preferred stock of the new company
at par, together with one share of
common stock of the new company
for each share of preferred stock of
the olJ compan7. Common stock
holders are notified the syndicate will
pay to them $2 cash . ehare for their
stock, or will deliver in exchange for
each certificate of common stock of
the old company 33 1-3 per cent, a
share of the common stock of the
new company. Many of the common
stockholders of the company are op
posed to the sale. They are talking
of the formation of a. protective com
mittee to safeguard! their interests.
Juvenile Cases In
Superior Court Are
Heard in Chambers
The plan of hearing Juvenile cases
in chambers, which was Inaugurated
last year in the city court, was started
today in the criminal superior court.
Evidence in several cases was heard
by Judge Keeler behind closed doors.
In accordance with the statute the
clerks of the court were instructed
not to make public the names of the
Youthful offenders. This statute ap
plies to boys under 16 years of age,
unless they are found guilty of a crime
which merits a state prison sentence.
NEW MEXICAN
. MINISTER GIVES
HIS CREDENTIALS
Paris, May 14. Alberto J. Pani, the
new Mexican minister to France, pre
sented his credentials to President
Poincare yesterday. The presentation
was accompanied with the usual cer
emonials.
