Evening Star Newspaper, September 3, 1925, Page 24

RAILROAD MERGER PLANS Titanic Battle in Prospect Article V. rand that land in its nelghborhood had, before the announcement a new terminal would be erected, be- gun to fall in value. Finally, under the contract, Van Sweringens at last obtalned a B i % station for their rapid transit line to WL involved ‘wus an ern right | does not share in the erection of the of. way, Kingsbury Run juired | Station. When the terminal is erect- some years Chefore by the Van]ed it will pay an annual rental for Sweringens for their trolley line to|the part it uses. It will receive: how- | Shaker Helghts: a tract of 28 mcres|ever, the concessions for the entire bordering the public square, partly | terminal-—dining room, check rooms, owned by them, on which the station | bootblacks, shops, etc., estimated tol building and vards were to be placed; | produce $500,000 a year—so that its and a western right of way, back to|rental, Commissioner Eastman de- the lake shore, most of which was to | clared, will be reduced for the first be purchased. | vear to only $163,000. Oris Van A corporation, the Cleveland Union | Sweringen, testifying recently, de- Terminal Co., was formed to carry out | clared thag since the trolley line au the project. Ninety-three per cent of | tomatically acts as a passenger-col- its stock is owned by the New York |lecting agency for the raliroads. this Central and its subsidiary, the Big|arrangement was just Four—7 per cent of the Van Swerin The propriety of this deal between gen's Nickel Plate | Prasident Smith and the Van Swer. The terms of the contract provided | ingens has been repeatedly attacked that the Van Sweringens were to sell [y the dissenting minority. of the to the railroads the land comprising [ Chesapeake and Ohio in the present Station area and the western right of | hearing. Each time, the answer, for way for t, plus carryving c ges. | 41l practical purposes, has been that They were to permit the railroads 10| the terminal transaction was review- The much-di leveland Union | Terminal contr: setween President | Smith of the Ne “entral and the two Van was ap proved 1n 1921 b that | $10,000,000 of the | Union Trust Co. of Cleveland THE EVENING STAR, WASHINGTON, D. C. THURSDAY, SEPTEMBER 3, 1925. son asked if this did not mekn the {Chesapeake and Ohio. Ralilroad, as a ipart of the new company, would as- sume its share of the bond issue as well as its present obligation for stock —in other words, Coi. Anderson said, pay twice for the same thing. Oris Van Sweringen answered warmly. defending the bond issue. After the Van Sweringens acquired a control of the majority of Chesa- peake and Ohio stock they deposited its surplus cash with National Bank of New York, the Guaranty Trust, and the| Col. Anderson asked If the Van Swer- | ingens had at the(same time obtained a loan for themselves from any of | these institutions. Oris Van -Sw Ingen replied that they had, but “it was amply secured by collateral listed on New York Stock and did not affect and Ohio deposits.” Bought Read in 1916. These are some of the incidents of the Van Sweringen railroad manage- ment picked out for criticism by the | Chesapeake and Ohfo minority in the | present hearing. The brothers bought the old Nickle Plate in 1916. Bernet, trained under Smith of the New York Central, was put in charge. He set vigorously to work lengthening sid- ings, strengthening wooden bridges and generally overhauling the road. The war came. Under the stimu- lus of increased rates which followed the' war and the new management, the earnings of the Nickle Plate rose. the First Exchange the Chesapeake although the volume of trafic handled remained nearly stationary. The Van Sweringens completed the terminal transaction. The transportation act was passed in 1920. They straight- way acquired the Cloverleaf and the Lake Erie and Western and consol-4 idated them with the Nickle Plate. About the sam: time they began ac quiring their interests in the Chesa- peak and Ohio, the Pere Marquette and the Erle.” The Erie was con- trolled by the venerable George F. Baker, to whom they had been in troduced by President Smith. By a colncidence, the Van Sweringens' plans for eventual consolidation were first generally ‘known the day after President Smith became a director of the First National Bank, of which Mr. Baker is president. Two years ago they became directors of the Chesapeake and Ohio, of which Oris was elected chalrman. The Van Sweringen Policy. Although the brothers have been in lcomml of the Nickle Plate for nine years, they make no pretense of being railroad men. Their refusal to con- sider rallroading a high and jealous craft is peculiarly irritating to those of their opponents whose lives have been spent in sight of switch tower and block signal. They give wide au- thority to their executives. Oris Van Sweringen testified: “My policy is never to do, but to get done.” "Re- peatedly, when he was questioned about gross ton miles, car exchanges, rate {ncreases, he responded that he could not be expécted to mind with detalls.” His attitude is that rallroads are facllities, to be developed as his trolley line to Shaker Heights was, so that they may in turn help develop the re- gions they touch. He smiled happily as he outlined the extensions of ter- minal facilities he would like to see made In Toledo, Cleveland and Chi- ‘cago. Insist on Sole Control. The Van Swerlngens demand sole control of their rafiroads, as they have demanded and receivad control of all their undertakings. This con- trol of the proposed Nickel Plate sys- tem Is to be partly obtained by offer- ing non-voting p; ed stock of the new company for certain voting com- mon and preferred of the constituent roads, en arrangement which is criti- cized by the protesting minority. They say the issuiig of non-voting stock, which means ownership with- out responsibility, is bad public policy. The Van Sweringens reply simply that any property needs, in addition to its management, some one to take parental interest’—a favorite phrase—in its welfare. | The testimony adduced so far in the hearing—and the broad outlines .of the case have been fairly Well sketched in—suggests thi: It would seem strange i the Van Sweringens, intro- duced by President Smith to those men in Wall Street among whom if | your sponsor says you are “‘right” all | doors are opened to yoi and stay open untll a single act of disloyalty to him 4 his friends marks you forever as “load his | “wrong”—It would seem strange if they did not feel obligated to the late | tional importance. head of the New also evident that the Van Sweringens have throughout tiieir career shown great skill in bargaining, have lost no opportunity to utilize all sources of credit and have been at times deeply in debt, all parts of the glittering ork Central. It is natural and inevitable rise of UL RRRTRMRRREEMATASHARREDARRRIARRRRAARE solidation Coolidge penniless boye to financiers (Covyright, 1925.) The last crticle of this series will | Dental Corps, Offi tell the bemefits expected from con- by economists Administration. = It two published tomorrou Water Heater No Matches With Your Gas Man No Bother No Dirt of na-| , and William |street, has been : | Department a of the Army the will be | A fault confessed is half redressed Thermostatic Control Installed in Your Home On Convenient Terms (With No “Carrying” Charge) Small First Payment S. Rhodes, ppol 2 Commissioned in Dental Corps. 927 Fifteenth d by the War lieutenant in the '’ Reserve Corps use thelr right of way along Kings:|ed by the Interstate Cgmmerce Com- ury Run—give them “a perpetual | njssion and approved by it, and that Seetisnt: —for 3 | the minority is asking the commission To Retain “Air Rights." to question its own handiwork. . By iy wars Lo B MY hey were to retain for themselves 0] c———o]———=[a[——= [0} [0] ——|o] =——2]ol——— o} coincidence, Col. W. A. Colston, | Dress Goods Wash Goods AN A Jor themselves| wno was finance director of the Int} Remnants Remnants erst ‘omn ce Commission at the plots, one on the station area and one | oo e tha terminal h ! 25 l2 c Cy Yard closy v < H > = time of the terminal hearings, is now ; close by on Kingsbury Run. These|encral counsel of the Van Swerin- | ‘air rights” mean the use of the land | . Alpo domestics. a B el 0dd 'fols Snd., rem ot D ant lenktnevaTics. reas aingham. "bro: SBous tha Lalls gen's Nickel Plate | Hotel and the Y Other Deals Criticized. lenity rights” of the Grand Central terminal | rmine nached a minal | Ajong with the terminal deai, the drosa) mingbam. bro- tion silks. 1ining sateen’ and others. I Of Only $ 5 HL’NDREDS of Washington homes are Our Employees AW materials, ma- chinery and equip- ment do not make good gas service. It takes men and women oyal, dependable, self-sacrificing men and women who willingly accept the responsibility serving the public and do their work thor- oughly and faithfully. Gas service is always on tap because there are men and women who devote their fives to keep it so. They con- sider your comfort and sonvenience beyond their own, otherwise there would be interruptions and breakdowns. When you have occa- sion to praise the qual- ity of our service, think in terms of the human effort involved—think of our men and women employees whose high devotion to duty is one of the splendid tradi- tions of this great busi- ness. “If It's Done With Heat, You Can Do 't Better With Gas.” Satisfaction First Since 1859 810-818 Seventh Street equipped with the “Lovekin” Storage Type Automatic Gas Water Heater. They are more than satisfied with its service, el ! simplicity, sturdiness and wonderful efficiency. he rafions wasplike minority s criticized g financial transactions of the| an Swe the Calumet land | sale, r e Here the Van Sweringens sold at a profit land in which they had a controlling inter- to their own road. the Nh‘kfil‘ te, to enlarge its Chicago (relghl‘: vards. Van 8§ ringens answer | they were protecting the minority in- terest in ‘both the land and the el Plate: that the selling price, 0 an acre, was fixed by impartial | estate appraisers, and was far below the price, $4,000, at which they land to Henry Ford J. Bernet testified, in Anderson’s questions, Is agreed to advance the Van Sweringens to con- = he Jtation and yards, the ex ense of which is estimated at from $70,000,000 to- $100.000,000, ; basi desirable fabrics. Street Floor Street Floor Have One in Your Home A =mall down payment puts this gr convenience in your home. The remain- der can be paid a small amount month- ly when you pay your gas bills. No matches—no bother—no dirt—with the Lovekin. It lights itself and keeps ample, clean HOT water always on tap. New and untried Water Heaters have entered the local field. The excellent reputation of the LOVEKIN, and our guarantee, is your best assurance of dependable, uninterrupted satisfaction, at moderate cost. Order NOW—on our easy-to-pay-for basis, with no interest charges. See a demonstration in our Sales Department TOMORROW—or ‘phone us to send a representative with full information. - WASHINGTON - GAs LIGHT COMPANY 419 10 St.,NW. PhoneMain 8280 on a cost Men—A Wonderful Sale of Imported English Broadcloth Shirts Gepuine Imported Fabric Shirts, at a price usually assoclated with ,fl domestic fabrics. An exquisite, lus trous grade, easily laundered, and shown In white, tan, blue and gray. All sizes, too—13% to 17—In collar- [ ] attached and neckband styles bargain President s ingens is 11 arranged h and the n effect this: The New York Central obtained relief for its badly congested tracks on the lake shore and a share in the new terminal, all | of which, exce the usé of the | Kingsbury Run r of way belon ng to the Van Sweringen trolley line, 5 ioain tor 8 trolley lin The Van Sweringens recelved, the | enormous enh; ment in value | @ i which the erection of a railroac it e HeR mina: brought to their “air r up the Nickel Plate's Oris Van Sweringen refused on the | al e e witness stand to estimate ho uci - —— . p vill be, but part of the most valuable | by the Trust Co. Of this At aNov i Fatout was used to pur- . apeake and Ohio and Pere uivalent between The | trac ase Che arquette common stock. F e You can't possibly afford to over look this opportunity to lay in your Fall and Winter's supply of shirts for prices aren't likely to be as low as this for a long, long time. o retained in the Nickel Plate’s treas- | ation. Col. Ander- | Street Floor—Men's Shop Tolmanize Your “Flagges of Truce”! IN 1620 John Taylor, the English Water Poet, wrote in his Linnen™: TRV RARRARN Il | Summer Dresses Must Go! |Every One Radically Reduced | for Clearance ) |Group 1—Broadcloth | Dresses Formerly | | » $1.98, 79c . | About 75 Dresses in awning- | For Friday Only i senee Tou cthvanty 350 Felt Hats : About 100 pretty Summer | Ordinarily Worth $2.50 and $2.98 (o i I ed cotten blouses. Skirts made | of tweeds or flannels in at. | tractive colors. Braid bound. | use these for home wear in | | Group 3—$5.75 Silk| or Rayon Dresses | T $3.69 | Clean-up assortment of Tub | [ ] | Silks and Rayons in fancy | stripe patterns. Not all sizes. | | Seond Floor— King's Pajace. | o T T v “Praise of Cleane Though raging hunger make the Stomache th, asswoged by laying of the Cloth ¢ warres of cating “tis the use, le of cloth is hunger's flag of Truce 1 napkins are your TOLMANIZE your tablecloths and nap- kins, and “raging hunger” is truly half assuaged by their inviting white spotless- oW ness. A test will attest to the beautifying thoroughness with which TOLMANIZED table linen is cleansed with filtered water and mild white soap, and ironed with skilled care. Phone, and our driver will call weekly. Remember, just one day—in which to buy or more stunning felt hats at such a low price. Your choice of scores of styles—some illustrated. In every smart color, including brown and black. Chic, close-fitting shapes individually trimmed. Don't miss this sale— if you need a new hat New Trimmed Hats, $5, $7.95 and $9.95 Street Floor—King's Palace NOTE—It is convenient—and permissible—to stop at our Dupont Circle office with your Iaundry bunale when driving down town. cold weather. Group 2—$5.75 | | Smart Dresses, $1.98 |Group 4—Suspender Dresses, $2.95 With or without embroider- | fl fl | THE TOLMAN LAUNDRY F. W. MacKenzie, Mgr. 6th and C Sts. N.W. Your dentist knows that - Salt hardens soft gums— now in pleasant tooth-paste form o] m o] 2 7 o] m 2 Friday—GreenTicket Specials Neckwear Children’s Hose Rugs, Home Needs & Accessories, Etc. % Secritiomloc B A Reduced and fancy cuffed tops. Perfect ’, ity. ~ Numerous attractive Certainteed Floorte: Women's 59c Neckwear, duality ; 6 Certaintee oortex B 19c, Collar and Caff Sets, made ‘°‘B’:i'm‘;'g‘;‘c“h“‘;;, . Plain . RUE $795. Size 0x0; seconds f linen, voile, lace, dy; in » ad -50 quali O e i Cunedo styles. . and fancy top socks, in perfect 4 Certainteed Floortex Collar Tabs, 25c Yd. Cir- 2nd_irregular grades. Broken Rugs, §595. Size 6x9; seconds [ lar Metal Collar Tabs, in com- °~ ; y o .50 quality. f;li;:‘t—iontcilorg. a!rvia;e Sm: velvet Wor:uen s Rayon vfi;’“‘ 6. Printed Linoleum Rugs, or met cmbroidered in colors. 30¢. Perfect quality. Bodicer 1295 Size 9x12; seconds of Formerly 59 to §1 yard, top model, in delightful pastel 18" quality. Mesh Veiling, 5c Yd. Lot 5 Printed Linoleum Rugs, of Plain or Fancy Mesh Veiling, $7.95. Size 7.6x9; seconds of in combination dots. Formerly $12.50 quality. ¢ 25¢ to 39c. Good patterns and colors, ‘suit- Men’s Handkerchiefs, 10c able for any room in the house. each. _Initialed. ' Plain white Imperfections are slight and are hemmed. Also. Women's 'Ker- practically unnoticeable. These chiefs, in ;:olid colur‘ss;nd lzxsncy ;Ig'-rswc-l‘lflr;wvc quickly—so get borders. Formerly 15c to 25c. . 2 Laces, 5¢ Yd., 12 Yds. for 795 EarvvVoot Blukets; 50c. Torchon, Cluny and Val g, r. About 30 pairs in the lot. Laces. White, cream, ecru and lightly soiled from handling. colors. % to 1% inches wide Block plaids, with deep soisette Formerly & and 10c. binding. Heavy, warm blankets. Spanish Laces, 75¢ Yd. full piece for 19c and 2S¢ (,‘m’i:““l,'.,fir?‘:i';dw"fxnr}"ilrf'efiuhem Flouncings and edges. 36 inches the yard. The ideal fabric ”’y G C Y Blai wide. Light and dark shades. for * comforts, draperies ray Camping Blan. Formerly $1.49 yard. and coats. Fast colors. kets, 88¢c. Regularly $1.25. Weight Trimming Braids, 10c Yd. Lengths from 2 to 10 about 2 pounds. Dark gray with Sitk Braids, 1. & fiect; vards. All new fabrics, fancy red borders. Just the N‘ % »'fi'zh” E"‘y 'I 15¢ perfect in quality. !hmg for outdoor use and ex- B R S Street Floor tra bed covering. Street Floor ot RIS Mheor 4 B Bive Andird Girls’ Wear Reduced y ys Appa $1.59 Dresses, $1. Plaid 2 Pants Suits, $5.69. Nor- and checked ginghams or print- folk and English style coats. ed batiste. Trimmed with white Neat patterned mixtures in at- orgx_ndy, ggpinn and plain color tractive _colors. Sizes 8 to 16 fabrics. ~ Sizes 7 to 14. . years. Two pairs of pants. If $1.50 and $1.98 Middy vour ‘boy needs a schoo} suit— Blouses, $1. Khaki Blouses, in (o} here's a chance of a fifetime to broken sizes. ~ save, 59c Rompers, 50c. Dutch $1.98 School Pants, $1.69. .-style Rompers, in gingham and Wool-mixed tweed, in splendid linene. ain colors or white pzmrsm. l,;II lined throughout. waists with colored bloomers. Sizes 8 to 17. Broken sizes, Street Floor e M la wonde:f_u_l flavor" | arfl.es l——]0 —=[a|—D]ale—|a|c—]ale——a]o [ e——Ja[c——F[d|c——|g]c——2]0] ReadWhat Dentists Say: “I consider Bleachodent Paste one of best tooth pastes I have ever used. 1 am glad to be able to rec- ommend it.” “Like Bleachodent Paste very much. | havealways ommendedsaltandsods in & mouth wash, and the salt in this paste is anim- provement.” RE your gums sickly?—soft and tender?—bleed easily? Don't take chances! Dentists say 80% of teeth troubles can be traced to this cause. Salt is the best known skin hardener, Boxers use it to toughen hands—packers to preserve (harden) meats. And dentists say that nothing can equal Salt for hardening soft gums—provided it is used daily in proper form. Science has tried for years to embody Salt effec- tively in a tooth paste. At last it has been done. Bleachodent Paste is the first Salt Dentifrice. It embodies Salt in just the right scientific solution for quickest results. Gums become harder, bleeding stops—often in a remarkably short time. Many say results are amazing. Besides, Salt has a mild, safe bleaching effect. Thus, without using grit, Bleachodent Paste dis- solves away the mucin which coats the teeth, leav- ing them flashing white. Ideal for children's soft teeth. Bleachodent Paste also contains Bicarbonate of Soda. This neutralizes harmful mouth acids—the great cause of decay. Dentists everywhere endorse Bleachodent Pasta. Get it today. At all good dealers. 277, //‘//////, HARDENS . |15 ’:l// Soft Gums| ‘ASK YOUR DENTIST ™. [ Wi/ l1/ ! i ik / Wfi fidtre Bleachodent Paste is on sale at all leading drug and dept. stores, including: Peoples Drug Co. (18 Stores) Goldenberg’s Lansburgh & Bre. 8. Kann Son’s Co. Palais Royal King’s Palace “If it contains the’ ma- terials you claim for it, Bleachodent Paste is just the lh{n’ 1 have been look- ing for.” | fl Something extra-good. Serve genuine Banquet Orange Pekoe Tea. Carefully selected leaves. of the choicest hill-grown teas. A cup of fragrant luxury—beautiful, amber—colored, wonderfally fine. Yet this so evidently better tea costs no more. Short lengths of 36-inch fine challis that sells in the Most grocers can supply you with genuine Banquet Orange Pekoe Tea in the air-tight orange camisters. 1f not, write for frec o} sample and our booklet, “A Wonderful Flavor,” and give name and address of your dealer. Teapot coupons in all %-ck.,e. (except 10 sizs explain how you may secure the Banquet Percolator Teapot. McCowsex & Co., Baltimore, Md. Importers, Blenders and Packers — b Women’s Apparel $1 Bungalow Aprons, 88c. Slip-over Aprons, of percale and gingham, in stripes, checks and plaids. Trimmed with rickrack braids, whit¢ and colored pip- ings. $1 Costume Slips, 69c. Sateen Slips, made in bodice-top style. Deep pleated, fancy trim- med ruffles. White and colors. . Sizes 36 to 4. 59¢c Brassieres, 39c. Back hooking style, in plain and fancy materials. Broken sizes. Second Floor l—lole——oje—— o= sl ]