EXHIBIT No. 2
PROnX AND LOSS ACCOUNT, DECEMBER 31, 1928
 

Balance, Surplus December 31, 1927................................................................                                      $6,166,824.24

Additions:

Surplus income for the year ended December 31, 1928, as per income

account   ..................................................................................................                                        1,941,056.59
 

Total  ......................................................................................................                                      $8,107,880.83

Deductions:

Dividends Nos. 11 and 12 on Preferred Capital Stock, payable August

15, 1928, and February 15, 1929....................................-..-..............             $262,048.94

Dividends Nos. 7 and 8 on Common Capital Stock, payable June 1,

1928, and December 1, 1928..........................-..................................               999,815.69

Net adjustments applicable to prior periods............................................                20,282.59          1,282,147.22
 

Balance, Surplus December 31, 1928................................................................                                      $6,825,733.61