New Britain Herald Newspaper, December 15, 1922, Page 9

. ~Thy U Wi vas gy, Modar oy ‘nof w " v & Nisapprel L would g citieg op [0 tiotg Lution dog ‘Banizatigy; aceopt g but leayey] \dividua) o of the wid behiy on and ty ither thy verage of, as invileg cting, b ¢ opporty EATEN cthall @ 0 52 ey in Laske « defeal 1en the. | ernational ttle, &0 v Dritain id good ury: New rd .. 2% 1K .11 eagle 1 Rict} Air Line Railway a Street, New York N ADMITS IS BURGLAR §2,500 Ball for Stealing b ace Which She 3 fiwned for $25. Dec. 16.—Burglaries in Biltmore, Commodore and a are alleged by the ve been confessed yester- Emily ' Armstrong, alias ; 35, of 307 Lexington as arrested on Tuesday endeavoring to pawn ‘a identified as the prop- e Edgar Speyer, 22 Wash- e North. She.was -ar- Detective Anthony Guin?. #ér to her home after pawn for $25 a platinum gcklace valued at $1,500. joned at police head- sterday morning-the pris- %o have admitted stealing “from Mrs, Speyer, whom e Pennsylvania terminal rded & train together. just béfore the train ji she left with Mr: Speyer's T to the pouce the prisoner t she had systematically rglaries in the h_?tvlfll;;f in which she is said to were notified and some detectives to try to iden. oner. Detective Callah imore was unable to identi , but he identified It by e guest of that hotel Similarly- Detective Hotel Commeodore re- bags stolen from that piitly. ghe was 2go. arraigned before jale Bdgar V. Irothingham in rket court she was held bail for JIERICA REFUSES Informed That U. S. gxamination 10 Accept = Settlement of -Tyne Sql{lhhle‘ c. 15, (By the Associated FProposals wére made. by dfitaln last ' month for . an lement of the 'case sur- 18 /cloging * of the Amer- flste at Newcastle-on-Tyne, re ‘not accepted .by ‘the overnment, the house. of W informed today by eNeill, under sacretary of §ii oftice. He added that the being further conl{d- IDATED CLCSES DEC, 23 Dec. 15.—The New York Stock -Exchange has en for business on De- S" ‘“‘ "fe."u.ei".‘ SODA WATER fie a large bottle of femon mething you ‘will like— bottles—50, 10e; 15c. NEWJERSEY 5.0, - (0. NOT COMBINE S0 Declares President, Answering 0il Probe Committee ‘Washington, Dec. 16.—The Stand- ard Oll Co, of New Jersey construlng the supreme court’s dissolution de- cree by which it was cut off from its former corporate holdings as a “flnal expression of the public will on the subject of monopolistic control” has conducted its business under the con- ditions of “free and active competi- tion,” W. C. Teagle, president of the compan: eclared in a statement be- fore the senate manufacturers eom- mittee here on resumption of its in- vestigation of the oil industry. Mr, Tagle declared his company had observed the decree “in good faith, both in letter and in spirit,” adding: “I want to say with all emphasis that the Standard Oil Co. of New Jer- sey ip not a party to any combination, agreement or arrangement to fix or main ‘tain the selling prices of. itsl products.” ' My. Teagle said he wanted to pro- test against the characterization of this company #s one of the “Standard Oil group,” as if the old assoclation of Standard Oil companies existed to- day, or as if its company constituted & part of any group of companies sub- ct to common countrol. “Our domestic marketing at all points is\ condueted under conditions of the keenest competition locally,” Mr. Teagle said, “as in addition to the large number of jobbers draw- ing their supplies from time to time from the cheapest sources. The Gulf, Texas and other large companies maintain'and operate extensive mar- keting and distributing facilities in the states in which we are oper- ating.” Speaks of Profits. Turning %o profits of the New Jer- sey company, Mr, Teagle testified that its -earnings, including those of sub- sidiary companies during 1920 and 1921 and the first six months of the present year were at the rate of 9.6 per cent. per annum on ‘“net aszots” and aggregated $213,720,213. The dividend return to stockhold- ers of the company, the committee was told has not changed since the dissolution and the business since then has paid them an average of 4.4 per ceant. per annum on the net asscts, In the two and one-ha yedrs ended last June 30, Mr. Teagle 3 said, common wdividends aggregating $49,274,812 or an average of 2.83 er cent. per annum on net assets ver this period were paitl. “The/Standard Oil Co. of New Jer-| % sey,”] ' Mi{ i Teagle continued, ‘‘haf earned during’ tht 2% years ended June 30;i09227Ja totalyof $53,930,479 from ite/demsestic” oil Pusines: ) During ;thedsame period we have run throsgioLouf domestic refineries at total of, 171,467,211 barrels of crude omea&n‘n:ue figures-the.earn- ings- ware Rquivalent to 31 eents per barrel. buag “WhatHlg#he’ earnings shown mean ' NEW to the eventual purchager of a gallon to our products and what part: of cuch dollar paid to the Stapdiard ON Co. (New Jersey) represents profits to this company? This is & phase of the mutter about which theré is gen« crally a very erraneous impression, I e. that unconsclonable grofitsa are being made out of the oll business, The gross sales of the Btandard Ol Co. of New Jorsey and its dothestic subaidiaries In their domestio ofl busi- ness during two and one-half years re- ferred to were $1,516,392,815"and the profits from that business were $53,- 930,479 or 3.66 per cent. “Out of every dollar pald by the consumer for our petroleum products in that period we retained 3.66 cents. Applying this basis of figuration and assuming that consymers of our gas- oline pald an average retall price of 27 cents per gallon, the profit of the company was less than one cent pey gallon.” Mr. Teagle also went into the stock dividend recently paid by his eom- pany. Practically from its inception the committee was told the Btandard Oll Co. of New Jersey has been under- capitalized and the disparity between capital stock and net assets has stead- ily increased. This fact has made possible the assertion, wholly with- out real foundation, of abnormal earn- ing rates, Mr. Teagle asserted. DEAD OR ALIVE, BUT MUST BE CAPTURED |t Atlantic City Stirred When Jitney Driver Is Robbed and Woman Attacked by Negroes. Atlantic City, N, Y4 Ded. 15—Orders were given the Atlantic City police force last night to capture dead or alive a glant negro who has terrorized motorists in the outlying ‘sections of the city for the last month and who fitney driver' and the erifiing assault UPOR & young WOmMER pengor lest night, Harold Chestery the driven, 'of 1724 tlantic avenue, told his stery to Cap- in of Detoctives Barnshaw. Chestor sald he was approachifig Casplan and Dejaware avenues, when the negro stoppéd him. He said he was knocked unc@nscious with a blow ovor the head. After rlillng Chester's pockets, he stripped the girl of her valuables, then assaultgd her, The negro )& belleved by the poiloe to he the samre one who waylaid Rtich- ard Trimble and Anna Dinnigan on the Albany avenue bouleve time ago and blackjacked aud rohbed them, Other couple- Lreated,. acco « short have been shullarly * to the police, and overy effort |+ made to appre. hend the negro. Tho pollog are with- holding the nome of the woman. _____ — ADMITS STEALING AOTO Mre, Bessie Hayes of Bridgeport, Gets Three Months in Jail As|{ Penalty. t Bridgeport, Deo. 15.—Mra. Bes: Hayes, assoclate of Eugene Le Doux, who escaped from Fairfleld couaty jall recently, pleaded ‘gullty here in the superior court to theft of an au- ile belonging to Senator Joseph ‘Whitcomb, which was taken early last month, Judge Newell Jennings- sentenced the .woman to three month in jail. is wanted now for the robbery of a|. fififl&flmflflflfiflflflfiflfiu TOYS TOYS - TOYS Come In and Visit Our Tqylmd IVES TOY TRA'INS The Oldest and Best Made Trains Today T.HCOGSWELL Cor. 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Kiways a pleuunble gift DOMIT FLANNEL PAJAMAS $l. 50 and higher. GLOVES for Boys—Woolen or leather—50c to SLS0. FANCY ARM BANDS ‘AND GARTERS Packed in Chri boxes — 25¢ to $1.50, .-MEN'S INITIAL HANDKERCHIEFS—15c, 20c and 25: euh LINEN HANDKERCH]EFS 25¢ and 50c each. A new gift SILK LINED LEATHER COLLAR BOXFS—-—SI to $3.00 each. : We have a really. wonderful Iot of SILVER BELT ~$1.00 to SZ 0. Yo wesis s MUPRLERS. caif ‘Bo. dkpbiad Al “ling'— Brushed Wool, Camel Hair and Silk—$15010 §3 - If-you wanttoglvea'l'RA'VflJNG BAG or. SUIT. hkeahpfromusand take a_look at our to $25. 00 . 0 “The HOSIERY we sell for preullts are neatly packed h Christmas Boxes—40c to $1.50 pair. No where will you find a better selection of KNIT VESTS —$4.00 and $6.00 each. . Its a safe gift to buy—SHIRTS—$1. 00 to. 3600 No more gift is more acceptable than GLOVES, UMBREL- - LAS, FUR LINED GLOVES HOUSE COATS, SWEATERS 7/ This -Store is the Home of—