[News items];

              82 HASKINS & SELLS December
Announcement is made of the admission
to the New York firm, under date of De­cember
1, 1918, of Mr. W. H . Bell, Mr.
C. E. Scoville, and Mr. J. R. Wildman.
At the same time Mr. E. C. Gause became
a member of the Pennsylvania firm.
We are pleased to announce the return
to our organization, on December 1, 1918,
of Mr. A. R. Porterfield, recently auditor
of The American International Corpo­ration.
Mr. Porterfield has been appointed
Associate Manager of the New York
office, working in conjunction with Mr.
Willins, Manager.
Word has been received of Mr. Lud-lam's
safe arrival overseas. Mr. Ludlam
sailed from New York on the S. S. Melita
on Saturday, November 23, 1918. He
was accompanied by Major F. M . Brown,
Capt. H. W. Warner, and Lieuts. J. D.
Hartman and Davis.
The remainder of Mr. Ludlam's unit,
which sailed on the S. S. Martha Washing­ton,
Tuesday, November 26, was com­prised
of the following persons: Major K.
Ward-Smith, Capts. J . S. Braun and R. C.
Brown; Lieuts. W. P. Elliot, J. R. Hutson,
Ira Harris, Jr., R. J. Hyland, F. V.
Moore, and Alexander Russell; Privates
Bernard French, R. T. Taylor, L. L.
Tompkins, C. W. Wannenwetsch, and
other privates sent by the Government.
Private A. J. Farber is expected to join
them in France.
Depreciation Problem
The New Jersey Trading Company pur­chased
on January 1, 1914, a second-hand