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 I» ,- /

p . . [30 1938.
North American Refine/ones Company,
(7/0 The National Ci/y ”(III/C of Clove/(ind
Ax Depositary under Agreement dated a
June 27, 1938 tuft/i res/we! to [lie deposit of
Nerf/i A'llllrt’rl-(‘all ]\’ef1'aelorie.s‘ Company Fifteen
Year 6V2‘,’/r Sin/sing Fund Convertible
Gold Delien/io‘es, Series A.
(iEIVTLEMEN:

The undersigned acknowledges receipt from North American Refractories Company of a letter dated
June 27, 1938. outlining a “Second Interest and Sinking Fund Adjustment Plan" and referring to the Agree—
ment dated June 27. 1938 between North American Refractories Company and The National City Bank of
Cleveland. as Depositary. and Depositing Debenture llolders, for the purpose of effecting said Second Plait.

The undersigned owner of the Debenture(s) and cottpoiis, hereinafter mentioned. herewith transmits to
you $.ﬁ.£09.,princ1pal amount ot Fifteen Year 61/370 Sinking Fund Convertible Gold Debentures.
Series A, of North American Refractories Company, due January 1, 1944 (with January 1, 1939 and sub—
sequent coupons attached). numbered and of denominations as follows:

Nit/111nm of ])(’I)(‘II/IH‘(’ Denomination

4/ ' «-
wwgaz/WM /aw xxooo
’ / ~. , o a
9/70 500 iiig
7/? 5‘0 0

And the undersigned, as the holder of such Debeiiture(s) and coupons thereto attached. for the undersigned
and on behalf of each successive transferee, owner and holder thereot. in consideration of the agreement and
covenants made by the Company, by the Depositary, and by the holders of other l)ebeiiture(s) depositedand
to be deposited thereunder. as provided in said Agreement. does hereby consent, and become a party togéand
agree to be bound by. said Agreement, and all the agreements on the part of the undersigned as the holder
of such l)ebenture(s) and coupons, contained in said Agreement, including. without limiting the generality of
the foregoing. the waivers and releases expressed in said Agreement With respect to sinking fund obligations.
interest, and interest on unpaid interest, as fully as though the understgned had executed an original counter<
part thereof; and hereby irrevocably authorizes you to hold such l)ebenture(s) and coupons under and
pursuant to the terms of said Agreement; and if the Second Plan set forth in said Agreement shall become
effective under the terms of said Agreement, to stamp said l)ebenture(s) as provtded therein.

Please issue a Deposit Receipt for such Debenture(s) and coupons as prescribed by the provisions of
said Agreement. such Receipt to be issued in the following name(s) :

‘ /
(Please print or type using; full ﬁrst name)

Kindly deliver said Deposit Receipt to:
NameiéyawL/"Seaem

/ (Please print or type)
\V(‘1'_\' truly yours.
(To be sieied b_v Depositor who must be party in whose name
deposit receipt is to be issued)

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 COIMPTROLLER’S CALL
CONDENSED STATEMENT OF CONDITION
MARCH 29. 1939
OF ASHLAND. KENTUCKY
ASSETS

Cash on Hand LIABILITIES

and Due from Banks .,...,,.$2.060.167.73
United States Government Capital Stock $ 430,000.00

Secunties, direct and 0-- O _ Surplus, Undividcd

fully guaranteed o/.).36/.H Praﬁt‘ , I R‘ ”F2 9’ ﬂ_
Siunicipal Securities 600,618.33 ‘ 2 an( (“HM ‘Hh‘l‘d'm
Joint Stock Land Bank Bonds 33,223.00 I)(‘1)0.\'11\ 3.301.110.1151
Canadian Government

Securities, direct and

fully guaranteed 37,273.00
Stock in Federal Reserve Bank...... 18,000.00
Other Bonds 8: Seeurities 318021.30
Loans 8; Discounts 1.830.186.10
Banking House,

Furniture & Fixtures 322,630.17
Other Real Estate r1.372.f‘>3
Accrued Interest and

Prepaid Expemes 18,332.80
()Verdratts .. 1,037.03
TOTAL “1621037203 TOTAL ,,...,,,.SIS.210.373.03

OFFICERS

K. G. SEATON. PRESIDENT P. C. SNYDER. CASHIER & TRUST OFFICER
JAS. H. KITCHEN. VICEvPRESlDENT L, M. CAMPBELL. A99 T. CASHIER at TRUST OFF|CER

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Cemetery ' ARTHLR “I HUMEHRE‘ ‘ ' ' ‘ land‘s best. known: and most acm'e , “‘ $55,614, at A:::;O.:r-. cal-
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$2212.31?" 11' 13:13., 3. 0. Becker.“ 3 :3 ate Ashland Rs'ary club. No organizaton 3111? 371’ PVJJ‘ 3‘“ F35?:“‘:,,_3:;3“13 T
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'sazed in its ‘cr.f~:er3ge business ' {tried ”0 stay 1n Ase hacrcgrcund. pre:e::1ng to gave; aiways an :43» J33 ‘~--- Si“; 1';
.» -- . . . . .1 , . . . a ,3. .. a ”$1291: 3“, w. 4.:
; He was. a men->21- 0: me Asnlanu ; 3 :3 otker‘; me appxauw. He practcea the creed 0131 '3 33*?“ r ’_' 3,. :8 J ,4 .3_
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52:21:; 3r: many :crnrrzuuees and 21-: A; ; ., . V _ 3 ; 4 -~ 2 “”5”” .. r_. 4'3
ways 241:; a personal :nterest in? H An“? EJIPEE’EY was active rtgni up «2 .Jes Masons 131-143; 5.: “3; 5 3:13.73.
the this affairs. Z-ixs greatest 511-:l ;‘ 621'. He wsrxed wzth aha 3.51 Crass duriig 131—2; councls cf :15 734 3:; “v; :;
jtyrneni vented ts be his work Ln: *1 rerer‘t flood emergezcv and rendered his ussall P35“ 90‘8““??? ‘Ti 1‘: [A "4431‘
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ban?" 3‘ crippxchgmcfreu: l gservme to :he commumty, :xnnouced. unprazspd, bat; ﬁfe, “ad 43- .-..zmd 33-33325 5:: :1»:
g Ewe 1493 was auﬂve 4:: me Ma“ 1 3 " '=“d d" N a, b _ 3 4 _ 3 ﬂ 4 _.-.l hum); a.“ L1.x.4 \1
2..r: grim He was a past {30-1 van5 and ”m5 WJa'ew‘ he “ﬁnd ‘0 “:5“ ‘4‘": Masonic lodge. V v i
temaze of :ne E1 Hasa Temple? gfaawman. g Only a few (153115 "32¢“Jn‘
fie-“i? am“: had held many other hon-z ~ He will be missed by many. and remembered ': I HUT-33:95” "13"? “f‘” 3'73? 3
3. ‘ ,,., .., ,3 : .m‘ : § “-1 n . 32 ' 2 ' ' 2b";n5’1 355’ SELL -»~‘
[Jeri gaginmd 443.4,: 11 ,he Bud ; ‘34-, I: :11}! short space we pay :rlouze tc a 3:33;; :Ou‘dorge 2:17:43: 3:23.312 of 1:35;
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3:41:61 Error: Himbhrey. an 11-; ————o———-—— He is 333,343.93 3y :3 $334.“,
your-3.1 :15:g.‘.’.£‘r 32d one brother ‘ _ __ _ 4 _ — 1
=1“. La; 2 3.1. Humphrey. Evans—l
.JLP 231', '
‘ lie was educated T. Antroch
$1529, in Yoiic'x: Sprmg‘s Ohio
12w: 74 P433132 can and ‘00»:
i g?"‘.: n’efaé: ‘11 {kc BCYiV'ECLEE‘

 The Coming Great Recovery in
Durable Goods and the End
of the