Photographs of Major Albert Warner, J.L. Warner and H.M. Warner. " Watch your credit 449264-5-6 International Newsreel Photo Slug (3 combo) Warner Brothers put over $150,000,000 merger. New York ... Photo shows left to right, Major Albert Warner, vive-president, J.L. Warner, production head and H.M. Warner president of Warner Brothers Inc., who recently made a deal whereby they acquired control of the Stanley Company of American which owns 250 class A theatres in the East and directs about 3,000 motion picture houses. This combine which is believed to be the forerunner of another huge merger, represents a $150,000,000 deal. R-9-13-28 FM AB E" -- typed note attached to verso.