New Britain Herald Newspaper, February 16, 1927, Page 13

PRESENT VALLE 1§ CORRECT STANDARD Yale Professor Discosses In- vestment Returns Feb. 17 receive New Haven, (P—Public utilities should based upon present value rather than upon investment, Prof. Win. throp M. Daniels, Thomas De Witt Clyler professor of transportation at Yale university, told thé mem- bers of the Connecticut Society of Enpgineers today in an ad<i “Investment Versus Pres-| utility properties were this view of the case is that many present value base appears equitable than’ investment. sults in other where the counterpart of higher level of general prices is higher money profits and higher money wages. “The main objection urged to of the security holders service enter prizes, hold bonds or preferred stock, will be barred from an increase or de- | créase in money income and the| those that| mainly stockholders. | “So long as the consumers pay falr return under any circum- stances, I do not ses that the base on which to compute this return should be adjusted to disappoint the expectations presumably con- The case of in public|q, ndish street, Hartford, came be- | Welles in town Marino was fined $10 and costs on a i s charge o violating the building code, returng |20vantage or disadvantage will be | por"y complatnt had been lodged focused upon the COMMON |, oningt pim by Bullding Inspector Dwight M. Chichester. claimed that the veranda on a house in the aggregate no more than a |at Highland Park which Marino is |bullding overlaps the building line. The case first came to light about a |month ago when Marino was given |time to rectify the mistake. He fall- |of New led to do so and was arrested by |1s treasurer of the state organization. |that ft would be best to hold any |eo scldom sought” NEW BRITAIN DAILY HERALD, WEDNESDAY, -FEBRUARY 16, 1927. NEWINGTON NEW! Albert Marino |fore Justice of the Peace E. Stanley | court last night. | The latter more (templated and accepted respective- | Constable Raymond Halleran. Last It is|ly by the utility partners as we also measurably in keeping with re- imay call the stock and bond hold- lines of business|ers when they.struck their mutual the | bargain.” night, Marino claimed that he could not pay the fine. Judge Welles said he would remit the fine on payment ot costs of $10.10 and allowed him 15 days to change the location of the veranda. He was also allowed 10 days in which to pay the court costs. Mrs. E. B. Proudman entertained the social committes of the Maple Hill Woman's club, of which she is president, at a Valentina bridge |party at her home Monday after- noon. Prizes were won by Mrs. Royal B. Doane and Mrs. Herbert E. An- derson, ot Mrs. . A Sprague and Mrs E.B. | Proudman left today for New Haven | where they will attend the regular | meeting of the Connecticut Girl Scouts. M itain and Mrs. Proudman Sprague is commissioner | | conference at the Waldorf Astoria | | hotel In New York city. { | Mras H A. Lienhard entertained | |the Maple Hill Bridge club at her| noon. Prizes were awarded to Mrs. | holders of the |of President G. Ernest Root on Golf |street. The following resolution was |adopted: Resolved: of directorsof the Maple Hill Water | |regulatory laws than any other That the board |munity in the world's history. Harry H. Howard left last night to | money until just before the actual |attend the annual mid-winter trust | dissolution of the company. |Morgtorium and Slashing xes Is Recommended Lowell, Mass, Feb. 16 (& — A home on Golt street yesterday after. |tBree vear moratorium on all res- |rictive lesislation coupled with a |Eoval B. Dosne, Mrs. N, E. Mann, |Per cest cut In local taxes is' what and Mrs. S.'W. Steele of Bristol. | [assachusetts’ textile industr. | |to put it on its 4 {Leonard, treasurer of the Peppe A speclal meeting of the stock- Manufacturing company declar: Maple Hill Water |5 Chamber of Commerce Co. was held last night at the home | pare today, y need feet, Russell H This state, he charged, “Such procedure,” he said, speak- Co. do hereby vote to terminate the ing of hiy recommendations,” might | corporate existence of said corpora- | tlon."” No dividend was ! with renewed energy the ma : voted at this'jems which make a respo meeting since the directors decided [(ile job today so littla envied and y.O0 courage manufacturers to tackle v prob- ible tex- "LETTER SENT IN 1814 IS OPENED THIS WEEK Document Was Enclosed In Book Which Evidently Remained Unread. Chicago, Feb. 16 (P—Like a voics from the dead, a letter written Napoleon Bonaparte was called Corsican toad under t harrow and “the devil's imp praying for peace,” was discovered and unsealed vesterday, n Lordon in 1814, publisher, and addres collector, “Codrington, never opened it It was found by W. Russell But- icago manager o a London art = an old copy of a pictorial “history of the univer- of Oxto: The letter announc- the forthcoming publication (in ) of a companion volume on Cambridge. It is believed that the aser of the book on Oxford had not read it carefully enough to dis- cover in it the enclosed sealed lstter which consequently had remained unopened for 113 years. ed . Japan Has 80,000 Cases Of Flu in Single Month Tokyo, Feb. 16 (#—The heme of- fice today reported there were §0,000 s of influenza in Japan between 1 and February 4. causing e nu 1 was said to be greater er of fatal- READ HERALD CLASSIFIED ADS FOR YOUR WANTs mainly constructed prior to 1918, the measure of the “prudent in- vestment will be far less than the amount which is ordinarily found to represent thelr present value, owing to post war increass in the price level, sald Prof. Daniels, who before coming to Yale served from 1914 to 1923 on the interstate commerce commission, acting as chairman in 1818-19. “If a utility plant shows an ac- tual investment of $1,000,000 and a present value of $1,500,000, should the return be calculated on the former or the latter? And {if ten years hence the investment Is found to be $1,000,000 and the present value only $500,000, which shall be used as the basis on which to compute the return on capital? “Clearly, it we concede force and effect to changes in real income, as determined by the purchasing power of money, the use of the 50 Years Ago It Was » Relflted If you trade ulsters by welght, @don't forget to examine the interfor ard note if there are any sections of a stove concealed therein, and by ell means don't mention this mat- ter to Capt. B. Hartford Springfield Providence New Haven Fall River LIVING ROOM FURNITURE Of Old World Charm and Stately Elegance 50 Living Room Suites From Master Makers— Some Conventional, Others Distinctively Different in Design. Also a choice Grouping of Odd Pieces, Occasional Chairs and Tables—All of the Better Kind— At Low Fuller Prices. Note the Savings! Marie Antoinette Design 3-Piece Mohair Suite 8700 is the regular price of this, one of the finest and most beautiful Liv‘ing Room Suites in our large assortment. Upholstered in mohair of finest quality. Handsome hand carved frame of solid mahogany. Reversible cushions that are qif- ferent—alluring in their color, yet tasteful and elegant. A feature value at a saving of more than $200! Now $495. 495:2 4ccounts Occasional Welcomed Pieces for the Living Room: The annual ball of the Caledon- fan club, postponed from December 29, will be held at Turner hall on Thursday evening, January 25, in honor of the one hundred and eighteenth anniversary of the birth ©f Robert Burns. We call attention to the adver- tisement of Booth & Hannoe, rela- tive to their selling out at cost. It certainly is a good thing for poor men that boots, shoes, etc., are in consequance of these sales, placed at a great bargain. +Coggswell Chairs A group of handsomely de- signed Coggswell Chairs covered In choice velour. Loose spring filled cushlons, upholstered arms. Authentic design. Such chalirs as are usually priced at around the $45.00 figure. 295 Library Tables Something different and dis tinctive in a Library Table Butterfly ends, drop leaf design In Tudor mahogany finish. 42 inches long, the table opens up to a full lensth of 60 inches Spectally priced at 29 Floor Lamps The newest designs {n fash- fon's latest. Most brilliant, most alluring silk shades. Each is a model of beauty. Poly chrome and wrought metal stands, junior height. Especially priced at 5183 Gateleg Tables A group of regularly $25 ma- hogany finish Gateleg Tables Finely finished, medium sige. The needed addition to every Living Room that has not one! Taupe Mohair Frame Suite With Pictorial Reverse Cushions 3 Pieces, Regularly $350.00 Taupe mohair in combination with re versible cushions of wool tapestry in most beautiful pictorial design. The fine tailor ing in this handsome suite will at once ap- peal to the discriminating taste. Moss edging in a deeper tone of taupe. Shapely A poor family, well worthy, need something in the way of vegetables right away. If any of the chari- table people among us have any to spare, or a little money with which the same may be purchased, will they leave it with Mr. Dickinson this week if possible? For Evening Appointments Phone 2-3601 curved fronts. The three pieces include large Davenport, comfortable Club Arm Chair and gorgeous Coggswell Chair. Regularly priced at $350. Reduced to $269. $269:2 . Rose and Taupe Jacquard V lour With Black Welt Trimming A new number. One of the most char ming Jacquard Velour Suites we have seen in & long time. What a rich and striking color effect rose and taupe so beautifully blended affords! Reversible cushions in high grade silk damask in harmonizing col- ors. Trimly tailored black welt and carved mahogany frame sets off each charming piece with a touch of atmosphere. Typical $225 quality at the low Fuller price of only $169. $169:2 Renaissance Dining Suite In Antique Walnut 1369 American Walnut-Tudor Dining Suite 10 Handsome Pieces 2492 We learn that the proposed con- cert announced to take place at the Hub, so-called, last Saturday night, was omitted because the proprietor said his “orchestra was incomplete, and he did not like to injure the reputation of his house by anything incomplete.” Did you ever? 3-Piece Living Room Suites . It is the unseen qualities that eount in the upholstered Living Room Suites. We guarantee that no excelsior is used in the filling of these low priced numbers. Three large comfortable pieces covered in your choice of attractive velour or mo- hair of desirable color. Reversible cushions, Superior full spring construction throughout. Low in price, yet built to make satisfied customers. It isn’t the most agreeabls time to go slelghing unless your sleigh tracks well, which not one in a dozen do, the night runner contin- ually shaving the crust, rendering a tide more interesting. Turning out in his crust {s something neither the horse nor the riders. enjoy par- ticularly. Extra precaution is ne- cessary to prevent turn-overs, etc. Covered in Velour 1452 Colonial Chamber Suite With 4 Poster Bed s A colonial design of early American $ .00 o= Covered in Mohair 1982 More Beautiful Rugs— Our rugs are displayed in a room flooded with daylight. A small sized, second hand cook stove Is wanted for a most worthy German family, who have lived the greater part of the winter on In- dian meal, but who are now com- fortably provided for. If any of our citizens have such a stove that they will sell very low, or give to this really worthy family, will they leave word with Mr.- Dickinson, where it may be found? It s greatly needed right away. We call the attention of the pro- per authorities again to the crowd of loafers who still hang around the corner of Main and Church streets. There is no necessity for allowing them to be there contin- ually, and some action in the mat- ter is imperative. Better fry a few arrests and see the result. Scarce- 1y a day or evening but that the ladies are Insulted that pass that corner Several dropped patterns of high- est grade Royal Kashan Wiltons, 9x12 feet. A few dropped patterns in seam- less Wiltons, 9x12 feet. Highest grade, heavy, all wool Seamless Axminster, 9x12 feet. characteristics. Developed+ in brown Four pleces, including $ 69.75 mahogany drawer bottoms; $ 58.50 Fine Wilton Rugs in lovely pat- nicely finished in- terior. Regular terns, 27x54 inches. $ 9 -00 $228. Reduced to $179.00 Excellent quality Chenille Bath Rugs in bright, attractive tile patterns. 30x60-in. 27x54-in. 24x36-in. $3.40 $£6.75 $5.75 All wool Axminster Mat Rugs, 18x36 inches. $ 2 .75 . Oval braided Grandmother Rugs in “Old Time” unique designs. 24x36-in. 27x48-in. $3.00 $4.25 A large, imposing suite designed in a1l the handsome dignity of the Italfan Renaissance period. Nine pieces, in- cluding 86-Inch buffet. Antique wal- nut. From one of America’s leading makers. The regular price o $575 is reduced right now to only $369.00. The common councll met Wed- nesday evening and fourteen mem- bers were present A Sligh Bedroom Suite In Burl Walnut A most beautiful suite with burl walnut fronts. From that master maker, Sligh! Two-tons walnut with mahogany interiors. Threa charming pleces. A Louts XVI period design. Regularly $328, now selling at $229.00 Especially priced at The committee on water and gas were directed to advertise and re- $ l 6 75 ceive proposals for lghting street gas lamps. N $325 was the original price of this charming Tudor dining room suite. Governor Complets In ten pleces, Including 66- Winthrop inch buffet, oblong extension table, china cabinet, eerving cabinet, arm chair and five side chairs. Chalirs have Genuine . Governor Winthrop sllp seats of genuine blue Spanish Desk of full standard size and in the authentic curved front design. Beautifully designed in- leather. Fuller price $249.00. terfor. Constructed from fine MEMBER OF Juality solid mahogany, present- ‘I q Ing some most charming effects Opposite Capitol Grounds Orders were passed directing ths chief engineer to at once re-organ- 1ze Speclal Hose Co. No. 7, and re- port names of members and recom- mendations for officers. Also to or- ganize a company of fire police con- sisting of 12 men, as provided in ordinances, and report the names and officers at the next meeting of the council. That Was Fifty Years Ago Largest Furniture Syndicate In New England FURNITURE Co. 40-56 FORD ST. e Aeylow G o in perfectly matched veneers. Not to be confused with low price “Specfals”. A desk of un- usual beauty. 1854