Evening Star Newspaper, June 2, 1922, Page 13

Perfect Blend Packed in 11b. Tins ' Breakfast Blend Packed in 1-1b. Bags Brand-new Summer Hats in all the newest style and color effects were purchased for this sale at dollars less than their usual cost—in order that we might sell them at $4.95. The makers made a price concession to us—we are making an even greater price concession to you in selling such hats at this low price. Early Shopping Is Suggested! Every S:n;t in the House a 2-Pants SuitlillV We-knew you’d like it— STELFINS PLAN FOR HUGE MERGER Midvale, Repubic and Iniand Announce Terms—Two : Others May Join. By the Assoclated Press. NEW YORK, June 2.—Thomas L. Chadbourne, attorney, late yesterday announced adoption of a plan where- by the properties of the Midvale Steel and Ordnance Company, Republic Iron and Steel Company and Inland Steel Company will be unified under ownership of Midvale. The name of the new corporation will probably be the North American Steel Corpora- tion. Merger Terms as Outlined. The terms of the plan Were out- lined as follows: “All existing obligations of the three companles are to be assumed by the unified company. Existing pre- ferred and common stocks will be changed into preferred and common stocks of the unified company. The new preferred stock is to have a par value of $100 per share, is to be 7 per cent cummulative, is to be redeema- ble at $115 per share and accrued dividends and is to be convertible for twelve years into new common stock at the ‘rate of five shares of new common for four shares of new pre- ferred. The common stock is to be without par value. “All assets of the three companles are to be owned by the unified com- pary except the Nicetown plant (ar- mor-making, ordnance and forging) of the Midvale Steel Company, which is to be transferred to a separate company with a capital of 500,000 shares without par value. Participation in New Stock. rticipation in the new stock will : Under the plan Mia- stockholders will re- ceive 75 per cent new common stock, 25 per cent stock in the company formed to take over the Nicetown plant. “Republic Iron and Steel preferred stockholders to receive dividends in ntnn 1o $5 lean a ntmuy of the g ¥ Samuel unzmn'nr, committee coun- sel, contended that the other com- lu vun lving “Mr the grace of comlr knwlnl’ HD thl prlo. nna taking in this 8 ditional, the other icom, sble o iveois that ERLT he asked To) lut. is '.rno. 1£ T understood your questiol think that is so0,” the ‘witness nmn | HOOSIER DEMOCRATIC PLATFORM HITS G. 0. P. Blames Seurdtd Readjustment to Failure of Versailles Treaty. Ten Candidates. INDIANAPOLIS, Ind., June 2.— Adoption of a platform, condemning republican management of - national and te affairs and nomination of ten candidates on a state ticket, for which there were only two contests, marked the state conventfon held yes- terday by Indiana democrats. In laying the foundation for the fall campalgn, party-leaders viewed the main e as economic, and the plat- form pledged increased emplovment and prosperity, which, it asserted, had been lost under repubMcan control. “The democratic party is more than said ‘the platform plank on national affairs, “that if the league of mations and Versailles treaty had not failed of ratification ever convinced, by a republican Senate, the readju ment period’ would have been ov long ago, and world peace and pro: perity would now be assured, our foreign: markets maintained and the high ideals concelved by Woodrow Wilson realized.” Among the candidates are Joseph H. Shea, ambaseador to Chile during the Wilson administration, for judge of the supreme court. ~The only woman candidate, Miss Ella Craw- ford, declined to permit her name going before the convention for clerk of the court, and two men contested for this nomination, which was won by Z. T. Dungan. ————g— By providing skilled dental and op- tical treatment for his workers an English manufacturer claims to have greatly increased the output of his plant. gmmmuwmmm cash to date when the new preferred | £ dividend begins to accrue and 100 per | £ cent in new preferred stock. “Republic Iron and Steel common stockholders are to receive 25 per cent new preferred stock, which is to be purchased from them -at $95 a share and 75 per cent new common stock. “Inland Company stockholders are to receive 25 per cent in new pre- ferred stock, which is to be purchased from them at $35 per share, and 70 per cent in new common stock.” . $20,000,000 in New Capital “It is intended to provide $20.000,000 additional cash working capital from the sale of common: stock.” Negotiations are pending, Mr. Chad- bourne said, for the acquisition of other propertles but irrespective of the outcome of these negotiatio Midvale, Republic and Inland com: panies propose to proceed with these |5 merger plans. Financing will be ha dled by Kuhn, Loeb & Co. Other Firms “in Pleture.” While Midvale, Republic and Inland were the parties, the steel men testi- fied beforethe investigating commit- tee that the Brier Hill Steel Company of Ohio and the Steel and Tube Com- pany of America, in Chicago, were “still in the picture.” , Mr. Topping testified he thought that, as at present situated, the com= petitors of the United States Steel Corporation could not compete with it. He said his concern, by virtue of natural advantages, larger produc- tion and ownership of transportation facilities, was making steel products A R |LEIDY IS NOT ALLOWED - 70 SETTLE WITH CASH Soctety Man Must Stand Trial on Dfioldlfly hu'-ylndhh fi-lmmnxgn. BynlAlth' BERWICK, Pa, June, &—fifle! Leidy, ‘socially. promlnnnt Philadel- phian, who came here soon after his arriage to Fifi Widener to learn the steel business, was arraigned before Burgess Charles Kitchen on charges of drunkenness, disorderly conduct, larceny of t lanterns and a flag and driving his automoblle while in- toxicated. He paid a fine of $13.20 on the first charge and waived a hearing on the others. He was held In $300 bail on the larceny charge, and $500 on the charge of driving his motor car while Intoxicated. Battista, his boss in the et furnished the bail in each Leidy is reported to have offered $100 to pay for the damage to the “silent policemen” and other borough property, but it was refused and the president of council instructed the polige to proceed with the case in the usual manner. —_— American Institute of Laundering, with a capital of half a million dol-} lars, has been established for the construction of a pla: be devoted to practical experimentation and re- | search work in the laundry industry. IRES SKID Every Tire .a First In Factory Wrappers WASHINGTON FABRIC TIRES Guar. 6,000 Miles 20x3 . $6.15 30x3% B1x4é 32x4 38x4 B4xd ., Cord Tire Sales Co 904 14th Street N.W. Open Evenings and Sundays REGAL T T Stock Columbia — THE WONDERFUL 3-IN-1 INSTRUMENT An Ornament—Electric Lamp—Phonograph Plays All Records and Reproduces the Original Tone M. PHILIPS 1128 7th S0 A St. N.W. These Men’s $5 Oxforcls Stall Settmg‘ a hot pace --here’s a snappy sports oxford Reducing Children’s Stocks With Two Sweeping Sales Boys’ and Girls’ Shoes $3.95 Growing Girls’ Pumps and Oxfords—patent, tan and white canvas. Sizes 275 to 6. Boys’ Tan Sports and Dress Oxfords, sizes 1 to 514. All Splendid-wearing Goodyear Welt Shoes—now marked down to $3.95. $9.45 Misses’ and Children’s Pat- ent Leather, Gun Metal and White Canvas Strap Pumps. A number of different styles. Extra wide or medium shaped toe. All excellent .wearing qualities. On sale Saturday at $2.45. ‘All these shoes taken out of our regular stocks— not specially bought for sale purposes. Many marked down a dollar or more a pair. Decidedly the year’s best offering in young folks’ summer shoes. Special! Good quality tan leath- er barefoot sandals and play oxfords. Solid oak leather ; Goodyear stitched soles. 5 to 8....$145 814 to 2..$1.65 Cor. 2th & K 414 9¢h St. 1914-16 Pa. Ave. 233 Pa. Ave. SEE. Truly amazing styles and mighty fine values in Women's White Shoes “This Biggest SummerSuitidea PalmBeach Mohair Again tomorrow we direct attention to this splendid line of white reinskin and pearl elk sports shoes ; some trim- med with black or patent léather. These styles are far superior to what you would expect to buy for $5. Another of our big merchandising coups— due to tremendous buy- ing at the right time and short-profit selling. Other Striking White Fashions Captivating Openwork Sandals. White kid- skin, white Eric calf or white ooze calf. Some with patent or black calf saddle. Prices range from $4 to $8.50. White Kidskin Pumps for June brides, college graduates and for afternoon and evening wear. Choice of all wanfed heels. $7.50 to $10.75. A score of others included at $5 Two new arrivals in Toney red calf—one a'full wing-tip brogue: the other on a new square-toe Cus- tom last with straight tip. - And a lot of others in black, tan and patent leathers. Snappy ones . for young men, conservatives for business men—both low and high cuts. ¥es, sir: some shoes for$5 New Wlute Shoes Another value. All-white nubucks white nubuck, black or tan trims: wlme Neolin soles « * and Wingfoot n:bber heels, X 35'95. -spegial .t ‘.,p-,-,--»‘-_q.a.-.._.....“.... SF HETHER you are a golfer, W or nmyly a chap who likes the breeziness and com- fort of a sports oxford— Hm"l one that will * an elk, uulmecl with soft box toe; good wearing rubber golf sole with cups. - . Think of being able to buy shoes as good as this for only Five - Dollars! Alterations The-only plate i ‘ashington where oAl h MM can get N __We've been rushed ever linu we announced this BIGGEST IDEA IN SUMMER SUITS—it looks man Washington had tmmediataly realized i B B ;:mmcr“mit wlth 2 pdr- '&.lnh. The l:onv::l':au ‘n e the oth clune&—m d,onble veu Cume m :amn::ow—wy:“ bdn’ every color and Beaches and Mok CASH'IN O} m NVE AND ECONOMY OF A TWO-PAS'FS smfi% m“ Also All-Wool 2-Pants Suits at - $1975 $24-75 $29.75 Every styl ‘wanted" S A28 1T R e o Ut YT *sell you" White Pumps tnmmed with Gray are very new th|s‘suson. We 3re showing ‘several delightful styles. Also white trimmed with tan, red or - $8.50 to $10.75. ! thk-md-the Pumps and Oxfords are again ve Many striking combinations are to be had ‘at ss to $8.50. ;lhxongd ltricfly perfect, :.. gxtu heavng:re i €, fi?”m 5 popuar Cor. 7ch @ K Sta 414 9¢h St. » 1914-16 Pa. Ave.’ “Pflm :