Items of Interest January 10, 1914 Issue

Items of Interest

A suit for ten million dollars against the Quaker Oats Company, its directors, and the directors of the Great Western Cereal Company, has been filled in the United States district court at Chicago by receivers of the cereal company. The suit was the result of the sale of the trade names and principal properties of the cereal company to the Quaker Oats Company on June 23, 1911. It is averred that one million dollars, realized by the sale, was taken by the holders of one million dollars' worth of the cereal company's bonds, leaving the holders of three million dollars' worth of stock only the name of the company and the minor property as assets.

Books will be accepted for transmission by parcel post on and after March 16. The rates will be the same as on other articles, except that books weighing eight ounces or less will cost one cent for each two ounces or fraction thereof. The weight limit of parcels was raised on Jan. 1 from twenty to fifty pounds as the maximum, but the fifty-pound packages will be accepted for delivery only within one hundred and fifty miles of the mailing places. It will be possible, however, to send a twenty pound package anywhere in the United States. The rates remain unchanged.

Legislation to render possible a state department of survey and registration to make Massachusetts agricultural lands marketable, the establishment of a state agricultural bank to provide money for the resultant agricultural development, and a state bureau of bankers and farmers, was recommended at the closing session of the first conference of the New England section of the American commission on rural credit and cooperative organization at the State House in Boston.

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