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IN DETROIT The annual meeting and election of the Builders and Traders' exchange will be held Jan. 5 in the exchange rooms on the *third floor of the Penobscot building. Five new directors are to be elected for two-year terms to succeed Henry Otis, H. Roy Haberkorn (deceased), W. Scott Hobbs, August Hess and J. D. Chandler, whose terms expire. The following names have been placed in nomination: T. E. Beck, J. Conrad Brede, William J. Burton, William Malow, William A. C. Miller, Frank M. Pauli, James Roach, Jr., Emil W. Roos, William H. Steger and Otto A. Wurm. A stock dividend of 50 per cent has been declared by the directors of Lee & Cady in addition to the regular cash dividend of 10 per cent. The stock dividend is equivalent to stock of the par value of $375,000. which will increase the capital stock of the company to $1,125,000. The officers of the company are: President, GIIbert W. Lee: vice-president, David D. Cady: secretary and treasurer, George R. Treble: assistant treasurer, Richard F. Galwey; directors, Gilbert W. Lee, David D. Cady, S. J. Campbell. Fred J. Fox and Thomas J. Marsden. In a meeting of the Detroit Newsboys' association, Sunday afternoon, in room No. 401, Telegraph building. President John L. Dexter announced that Mrs. Russell A. Alger, Sr., had given $250 to provide clothing for needy members of the association. Mr. Dexter gave each boy present a pocket knife and a pair of warm gloves. Meno Eby. who, with his wife, Rachael, was awarded $45,000 of the estate of the late George Fenwick, restaurant keeper, died Christmas day, in his home, No. 245 Summitt-ave. Mrs. Eby, 70 years old, declares she cares nothing for the fortune that has been left her in the late years of her life. "I miss my husband,' she says, "but it is sweet to think, that he spent Christmas with his life-long friend. George Fenwick." The Ebys loaned Mr. Fenwick the $9,000 with which he started a restaurant on Woodward-ave, 39 years ago. Fenwick lived with the Eby family more than 40 years. Attorney James 1. Ellmann has sent a letter to Gov. Slattan, of Georgia, asking executive elemency in the case of Leo M. Frank. convicted of homicide and sentenced to death. Judge Van Zile has granted the petition of Mark W. Hearn, who asked that he be discharged as receiver of the defunct Bank of Flat Rock, of Flat Rock, Mich, and that his final accounting be accepted. The bank closed It's doors March 12, 1912. The loss to depositors is about $75,000. Guerd H. Retan, manager, and one of the owners of the bank, recently was acquitted in circuit court. of a charge of obtaining money under false pretenses, in connection with his operation of the bank. Circuit Court Commissioner Samuel T. May will hold an open hearing on the final report of Receiver Hearn, the date for the session not having been fixed.
