The evening world. Newspaper, May 17, 1905, Page 6

fame _THE WORLD: WEDNESDAY EVENING, MAY 17,3 1905, : ? Aa ADVERTISEMENT. 1904. .64.64 cents, 1908. .63,04 cents, wit 1902. ,62.02 cents, wit 1901..61,70 cents, wit 1900. 63.16 cents, d for similar uses on Manhattan in, River, will be increased, -. .} The capital of the Company is eh with 10 cents reserve..... (Senate Document No. 80, pp. 372-77.) This cost included only 8.66 cents per thousand for interest for 1904, and substantially nothing previously, the $20,000,000 of Debentures | for Astoria construction not having been issued until 1904, ADVERTISEMENT. To the Public :— Now that the clamor of misrepresentation concerning ihe gas business in New York City has temporarily exhausted itself, and nothing, beyond informing gas consumers of the truth, can result from their publication, the ‘oliowing UNDISPUTED FACTS [rom the testimony taken by the recent Joint Committee of the Senate and Assembly respecting public and private lighting in the City of New York are printed for your information. h 10 cents reserve.... h 10 cents reserve h 10 cents reserve. | ADVERTISEMENT, ‘The cost of gas to the Consolfdated Company at the burner for the past five years was as follows: with 10 cents reserve.. THE 10% RESERVE FUND. The New York 6tate Senate Committee of 1886 recognized and suggested The 10c. per thousand feet for a reserve or contingent fund is fair, the propriety of a reserve fund of 10 per cent. on the capital invested, out of the profits, in addition to dividends, The necessity of a reserve fund of 10c, per thousand is conceded, @xtraordinary contingencies then apparent, was testified to without a word of contradiction, During that {nvestigation it appeared that by one ex- Plosion the Boston Gas Light Company suffered a loss equal to 10c, per thousand for four years on {ta output, and had been compelled to suspend dividends because no reserve fund had been provided for such an emergency, The Consolidated Company of New York is facing an extraordinary situation at this moment in replacing and unifying at Astoria the plants now beattered over Manhattan Island, It will cost to replace the Consolidated’s present manufacturing capacity at Astoria $10,400,000 more than the abandoned property now oc- Island will realize, CAPITAL AND $80,000,000. ADVERTISEMENT, | ADVERTISEMENT. | ADVERTISEMENT. | } ADVERTISEMENT, COST OF GAS. 74,64 73,04 712.02 71.70 73.16 cents cents cents cents cents (Benate Document 45, p. LXXX.,) Tn the Massachusetts Gas Investigation of 1905 10c, per thousand, with no DIVIDENDS. It stood at $39,078,000 until 1900, since which time it has been Increased to $80,000,000. A considerable portion of this increased stock was issued at $232 per share in payment of the Company's indebtedness, if fg shares of this increased stock was issued at less than $150 per share in cash, and some of it was issued at nearly 8200 per share in cash, » MHE PREMIUM THUS PAID IN BY STOCKHOLDERS LN CASH (exclusive of that realized upon stock {asued for indebtedness) amounted to y #4a2, 000, which, added to the par value of the stock, males a total of $94,322,000, Mhe Consolidated Company has always paid moderate dividends, 1886. awweeeeen--- 7 per cont wwewenes---- 3 per cent 4 per cent --- 4 per cent «--- 5 per cent 6 per cent 6 per cent 8 per cent 1896.-...--.--. ‘he result of going to Astoria, as affecting cost of production, {s problematical, but the effect upon public comfort on Manhattan Island is It is hoped to there reduce the holder cost, but the cost of distribution, on account of distance, and the expense of the tunnel under tho None of the remain- The following table shows the rate from its organization to 1004:— cent cent cent cent cent cent cent cent cent cent Dividends at these rates during the past five years have only been possible by using part of the surplus accumulated prior to the reduction ‘of the price of gas to $1.00 per thousand feet, ‘The recent rate of 10 per cent. has been expressly approved in this State and elsewhere as legitimate for this kind of business, considering fits great hazards, as instanced above in the Massachusetts accident, It was distinctly approved by a Committee of the Senate of this State in 1886, - and was there coupled with the recommendation of a Reserve Fund of 10 per cent. In the State of Massachusetts, In the year 1000, in discussing ‘the eituation of tho New England Gas and Coke Company and the dividends which might be permitted to be paid by it if brought under the jurisdic- ‘tion of the Gas and Electric Light Commission, the Legislative Committee referred (House Document No. 1,405 of 1990.) » by the Massachusetts Gas and Blectric Commission {n January, 1905, indicate that many prominent RECOGNIZED BY CUSTOM.” ; The minutes of phe investigation » ~” to such return as “THE 10 PER CRNT. HERETOFORE ' @ities in Massachusetts under their jurisu..ion are permitted to pay at least 10 per cent. on their capital stock, including the following:— i FALL RIVER . i ATTLEBORO ........ BEVERLY ......... CAMBRIDGE - 15 per cent - 12 per oent - 10 per cent 10 per it LOWELL . NORTH ATTLEBORO SPRINGFIELD ---- 10 per cent -- 10 per cent 10 per cent - 10 per cont 10 per cent The rate of 8 per cent. 1s wholly insuMctent as a maximum rate for a business of this Kind. If {t 1s to be fixed at that figure for the Most pros. Perous period of a company’s business, what will happen when bad yea 18, from strikes, increase of cost of material, decrease of consumption by depression or possible competition of other illuminant, shall come? THE PRICE OF GAS OUTSIDE NEW YORK CITY. In no other City of this State is there a uniform ONE DOLLAR rate, The average rate paid for light in all communities {n New York State {s gross $1.70 and net (for prompt payment) $1.67 per thousand feet, No City of over 600,000 population in the United States hus a rate lower than $1.00. The three or four smaller cities in the United States able to shave the dollar rate all have spectal advantages, such as location in or close to coal fields, where they pay but a fraction of New York's prices for coal, The difference on this account amounts in instances to from 12 to 18 cents per thousand. All of the facts so far stated relate to the Consolidated Gas Company, which distributes about 18,000,000,000 out of the 21,000,000,000 oubte feet distributed in the Boroughs of Manhattan and the Bronx, OTHER COMPANIES IN NEW YORK CITY. The cost of gas to other companies than the Consolidated (as shown by their records in evidence), including interest on bonds, BUT NO DIVIDENDS, {s as follows:— NORTHERN UNION.. Ant anne annem nnn = 92,04 cunts NEW AMSTERDAM.... 90,99 cente MUTUAL ........ 84.00 cents CENTRAL UNION... 80,12 ints STANDARD enen-+-- 64,39 cants The average of cost on this basis, including the Consolidated at 74.64 cents (including 10 cents cash reserve for the Consolidated only), te 81,03 cents per thousand, WITHOUT DIVIDENDS, CANDLE POWER, PURITY, PRESSURE AND METERS. The undisputed evidence showed further :— That the candle power in New York City 1s 20, compared with 16 {n Massachusetts, 16 in-Canada, 14 in London, AND THAT {T I8 ONE OF THE HIGHEST CANDLE POWDRS MAINTAINED BY ANY CITY IN THE WORLD, That the New York City chemist testified its purity has been uniform and uncriticisadle. That the meters {t uses are the best and all tested by the State Inspector, That the pressure maintained under the supervision of Chief Engineer Bradley, who has been for 20 years in charge of this ‘work, was only, sufficient to meet the requirements of consumers, That small and insufficient piping in houses, additional fixtures attached for the use of gas as fuel, and other circumstances QUITH BEYOND THE COMPANY'S CONTROL, coupled with the growing use of gas in ranges for heating and cooking, demand the present pressure, which is at times insufficient to maintain an adequate supply at the point of consumption, +10} 0 ‘That at the present rate of $1.00, if the service is computed in units of candle power, the cheapness of private lighting in New York City is not equalled in any other city in the world, ‘Yhat a consumer now using gar ‘or illusilnating purposes can, by the Welsbach burner, get five times the illummation he ‘would from using the same amount of gas directly for that purpose, In view of the foregoing UNDISPUTED FACTS, the proposal to reduce the charge for gas in the City of New York (considering the candle power demanded, the relative price as compared with other communities, the margin between actual cost and selling price, the necessary expense of removing and uniforming the whole manufacturing business of the Company at Astoria) is wholly unjustifiable and CANNOT JUSTLY BE DE- MANDED BY PUBLIC OPINION TRUTHFULLY INFORMED AS TO THE REAL CONDITIONS. THE BROOKLYN SITUATION. rom the Committee's Report it appears that the cost of gas at the burner to the Brooklyn Union Company, per thousand cutic feet sold, was 59.32 cents in 1904, In 1904 its net earnings from ita gas business were $2,589,404.37, Gas at 76c, would have cut from these net earnings something over $1,600,000, leaving a net of less than $1,000,000, to,cover bond interest, Gividends, reserve, and everything else, This net amount applied tu @ capitalization represented by $18,000,000 bonds and $16,000,000 stock would mean the actual confiscation of the holdings of both bond and stock Dolders, The Bond interest of the Company is equal to @ little over 14 cents per thousand cubte geet sold; and, adding this Bond interest:to the cost of gas, 59.82 cents, we have a total of about 74 cents per thousand. It is apparent, therefore, that, with gaa at 75 cents, the Brookiyn Union Gas Company, in 1904, would have been barely able to pay its bond interest, and would have had nothing left for dividends, reserve, pr any other purpose, The Brooklyn Union Gas Company furnishes substantially all the gas consumed fn the Borough of Brooktyn; its capital consists of -$38, 000,C00, $15,000,000 of it being represented by Capital Stock. YOUNG CROKER’S BE PRIVATE “Body Reaches Here Early | and Is Removed by Undertaker. The body of Herbert Croker arrived fn New York to-day over the D., Land |W. Railroad and was taken ‘mn Atately to the home of Mrs, Croker, No. h Bast Seventy-fourth street, No in-| formation has been given out ooncern- | jing the time and place of the funeral. “Rlahard Croker, jr, who brought the from the Went, refused to he sec. has-aseured his mother and als that Herbert diod of hear diseayo, R that his investigations in Kansas ) Clty proved false the sensational stor- fee went from there, A statement to ‘this effect may be issued by him tinme- @imtely after the funeral. ‘The story of Miss Jcannette Horton that she was the granddaughter of Jndge Horton, ot Horton Hall, Delaware County, appears to have been 4 product of her imagination, There le no Horton Hall in Delaware County, There is a Horton Switch, a eettlement on the Ontario’and Western Ratiway, clustered @found a Little village store, Jeanette Honton's grandfather 1s An- drew Jackson Horton, an ponest tiller of the soll. To the people about Hor- ton's Switch he Js familiarly known as “Jeok,"" and the story told by his whter in this city has caused ‘ eonsideraple humiliation, Girl's Mother Divorced. fo Horton's father was Prank ‘Neal, Her mother obtained a divorce from Neal twelve years ago and secured through the Legiviature the right to usd. her maiden name. Sho attended @ohool In Binghamton, bit was not, as whe aamerted when announding her en- ‘agement to Herbert Croker, a graduate Biitieser dno8icteer Actes tor. dink ‘Misa Horton hes gone to Brooktyn ta ) Piatt relatives, Gho Jett no addresp behind at her boaming-house, No, 168 Fi aa mY it my great-greal-randiather was m when she returned afier some d about te absence of a ealled Horton Hall and other @onserning the story, she’ related @mmouncing her engagement, she Ro mever claimed that I Itved Hall, I nevor aid that my er was o Judge, but I did pay my Hneago back three hun- ia Preyer « Libel? FUNERAL WILL | enty-second street, but an Even- Ia} luggage. When told of whet ha been | t grandfather was HAIR IN CAFE “Out of Humor,” Miss Celia McCoy Lays Hold of Compan- ion’s Tresses—Says She's Sorry. Misa Celta McCoy, of No, 128 West Fighty-fourth street, who pulled tho hair of her girl friend in Kennelly's restaurant, No, 488 Columbus avenue, last night, and was arrested for disor derly conduct, was very penitent in the West Side Court to-day, Both ‘women were very handsomely Grwsed and wore muoh jewelry, Their row disturbed many diners and before the angry Misa MoCoy could be placated » policeman, the head weiter and the manager had to lend a hand, “I was very angry," said Mins MoCoy to-day, “because I lost my pet dog, I went home a little earlier in the day with the dog and some one stole him trom me, This left me in a bad humor, I had my purse with me, somewhere on the cable, and 1 began looking for It when my friend resented my aotions, I did not find @ purse, either, One word led to an or and then we began to quarrel, I am very sorry that this should happen,” | When the women entered the restan- rant they were apparently the best of friends, ‘It wes sald that Miss MeCoy was a relative of “Kid'' MoCo: Re Tcilist, ‘but that, jas. been denied’ 8 Waa Glacharwed. (iy he ALA ea TOLD TRUE “FORTUNE” AFTER READING PALM. Mary Palmer inde Some Surprising Revelations Betore She Was Arrested, In giving evidence to-day betore Macistrate Steinert at Yorkville Police Court, when Mra, Mary Palinen of No, 181 Bast Seventy-third etreet, was charged with beng a fortune-teller, Mra, Anna M. Wheeler, matron of the Bast Sixt-seventa wtrest police ota. Hon, declared that never hed her for- tune been told wo truly. "You know Iam sol to sadl on the romp th for a gay of rs said Miseler ald me yesters day when I visited jie use that was golng to crow the peat that I wis going to meet ni e and bo married again, wid that he Waa en awful handsome man, “When @he read m: that I wee pol to scene; that I was ing ibe, all set Sains viainant, but that it vrouka 0 far an I was concerned Roki vis sy harm would come to me, ‘Then she charged me fifty cents, She read the cards to me and told me I was the Oueen of Hearts, T was pound to > a har of pollcemen around % whe sid nanee ay court » with Joly Of course T as Lam the matron ut the police station, She also adid 1 was a of pollcemen, Bares eb rend erie ia barf true, nee ever PULLS FRIEND'S |FALL RIVER WORKERS FAIL TO GET RAISE Gov. Doaan, ae as Referee in| Mill Strike, Decides Against Them. BOSTON, May 17.—In a statement {s- |sued to-day Gov, Douglas, as referee 4a the settlement of the Fall River tex- tile etrike of 194, finds that a partial restoration of wages is not warnanted. ‘When the strike was sottied, in Jan- Ungy lagt through the Governors tuter- vention, was émpowered to fix a Profit at which the opamtives mold receive en increase of wages, The Governor reports that the condt- tong during the months between Jan- wary and April were not such as to war- rant an increase, ‘The strike, which affected about 26,000 persons, waa begun in July, 1H, to re- wit @ cut of 12 1-2 per cent in wages. ‘The strike iasted nearly six months, at the end of wich time the operatives re- turned to work with the reduction in effect, ‘The strikers went back in consequence of the amicable intervention of Gov. Douglas, and the agreement was that the Governor should, after tnyestiga- he} ton, decide upon what margin the mill- Owners could grant an increase of 6 ber cent, up to April 1 of this year Gov, Douglas finda that it would re- Quire a margin of 74 38-100 cents between the price of cloth and its equivalent in unmanufantured cotton to pay the re- Quested increase of 8 per cent. in wages earned during the time which his in Vestigation covered, Tala margin would allow 6 per cent, for mil dividends and 6 per cent, tor en- nual depreciation While the exaot margin of profit which prevadied during the period of investl- gation 1s not exactly known, since it is & matter of which the manufacturers alone hawe knowledyo, tt t# understood that i was under 70 cents, The Governor offera no direct recom mendation bearing on the 1 River situation ae POLICE DEMAND HEIBOSBIEMEN 1) and Seven Sergeants, Retired by MoAdoo, Serve Papers Through Attorneys. ‘Through their attomeys, Grant & Ross, Inspector Smith, three captains and seven ‘geants of those recently retired from the active police force by Commissioner MeAdco to-day made a formal demand upon the Commissioner |for reinstatement, In the absence of the Commissioner, pipers were served on Deputy Commissioner McAvoy. The Gitorniery eby tha) legal action will be St once it the demand Is not couple malig the demand to-day are Inapestor smith Capen Dhite, Rody and Nally and ‘gergts, Saul, Leonard, ra,” MoNamara, — Schauwecker, |Storgan ana Atelbonald’ | Smith bases his claim for retnstato- mat upon the fart that ho 4s a veteran and able to do duty, and he says that he has information ‘to the effect that the Board of Surgeons found nothing the matter with him excapt a slight de- fect In one eyo, which he asserts does {ncapaoitate him from ot mantamus should not be isoued “rowirine. fe reinstates ment of Detective: Se nt Jos sph Price, the Brookiyn ‘jfomdadarseen Squad, one ‘of these retired Natural Laxative Water, Jassupon arising tly and quic giving positive relict it NOW — toda Agk distinctly for SEND Janos, Grand Prize, St, Louis Exposition, 1004, FOR RYE) WHISKEY | CLIFFS Inspector sinith, Thr Three Captains Ni Adoo to vehow | Stamps are good for mer- chandise in 75 Depart- ments. Free Delivery. The Biggest Thursday Bargains Ever Announced Study carefully these bargain squares. For actual money-saving inducements they emphat- ically know no equal anywhere. Be sure to be here early to-morrow TELEPHONE HHRCHAN DISGUENT STAD | Cameras | | Underwear Half-Hose | $8. Plate cameras,» 455, Shoes Men's Laloriggan shirts tor Thursday onlyhe€® | a1. 75 ana $2.00 ta ha crated” potcel 7 4 whoes, buck kid, pat Consist nt vane: betty covered, Wee Wrepnert || coltakin, brown iy bowl, with 6 frutt sau- || roag, BRTAe neon fratneg, an ne Ts ral fi $9) aay or re phiteSatvineo ford Hea, hata Oeccr te yarlety of handieg a) to | ood quality sara and pers iy 23C a hd ti ee aie amie netas PER Thursday only "Ble a ‘ters aR ade tein evelen Boys’ ai 39c & 59e ‘Bree Shields Corsets $2500 2 Baye Wash’ Suits | Coats Kayaee’s Lisis Gloves. for May BE | win rales” Wieas® en | Thmrbda: poring ciame | Chitdnyn’s Conia worth $3.00, ror and ebudrea Dimi ollum and high’ Dust ot Spe 2 to 6 years. $1.9! 98 ort mod medium tip, All hursday only t Go-C. $12.00 Baby uh A#olid pHeadache Pow-| ne iine. of patterné Lint Way : ders And. color aw {1 25 yards “Sewing Cikchattchthieat Ahi || Ormnadines eucny. Pow. Corsets it Machines. ydda and ends from our gre jiee size, bc; 250 nize, Png vig th in blue and fora orga as Machine ie aah from nig 1.00 ize .. 9¢e | finb and tees 2 || Thursday ony God firen 84" to H Thuraday. only 49C rian Woodtury's Facial Soap, India Linon ior Clothes Basket Skirts Fane ee oat, ABC | Penh Ban ale eRe «> 80 Inches, Fin et Of state Gleth y i far ursday only ote, ott a Bsn | 81.85. Th > aint fer Thtradsy "pay uy. them ude auitts ‘Sine Hats Ber yard. Thurs: @3 | Sieh dseaty ay Chitaren's ait Hats day ONLY scvecees 634¢ “Gas Stove Artificial plain atraw | { m-tho, non NB adil ! est atylen, trimmed With in Shapeal can" Bummer Flowers red, white or blue, Val- vue oods made. to wear jin Ment Fampie bunches of vartoue |} Me Bo; Phursg be 4H co the. price, P00 ay. oot! \t | Pday ontty sono In gwen or old rad 49 9c 1.00 Thursday only: AW Fite ta no mall orders): Supnles Ger buns, Bole Drawers Bhrursd 9c hnsadas anipites 20, and B80, Drawern of i Pictures musiin or cambrio, trimmed Millinery _||sicnaer ohaa' sige | Hea ar A lark sort) 65e || Ma Asparagus Sugar 34g-Ib, sack, PRTAGAS onl, 260 i wood fh ‘ ouragus, Pane: uy Suits ed onlonR oh a hae $c sear te poe || NO mel aries) 17c Sacques cur) | Boys’ Suits Pongee Neckwear Ha a sc i Kana |Oic 25-inch 1inported | Men's Neckwear, We bought ia Ratural “Bhantuse’ Povceo [a imited tot of 250. und Rockers a We. fourstn-hand gearts, | Rattan Hocker, Bish, full roll back, la Beal; made of fancy silks, durable Phu Fadia y Oilcloth OMY visereverse Shirtwaists Table Qilcloth, extra 760, White Lawn Shirt- | quality, in marble vein ean, Wa rade ara || Jewelry plain wh well fitting, — trimmed Dresses 5c, Sample Jowelry, ursday only, L0@ with (ueka apd Cluny P| ontidren'a Wash Drossoy, |Poonaiatine of bro i phil, Bhiteadity BEG || sale any dhecuugitiseser: || eure tein acai oie Challie win goes, inhiny eae OPIS sereeeisscoere ile, ih, Ulug, tan peek | hat, PFhaekiay §g Ae. SR ciate no| ber pal unks Thursday only . only... 19¢ Prdvainy hee, 2C|[ Purses ||. Teses caneas co. “Hogers Dresses Key West Ha- Candy 0, roel Leather Parsee |) ground body, maiiendie iron || , SUVERWARE | chatsilndat Rate" ewe || Vana Cigars Roguiar 0c, Assorted Cryg.| | [2% SPeM assortment of 1) olamps, brass lock and i TARaSOOKG ay | bE, effect tat ‘ Waintts, | | Saves and leath- tray with hat compart. | | t1!¥or Plated tana tiie with eae tom pi vanilla, olate and Cigt Tharsday 10 J) nent; pouty Inches: Peta woh. ‘Be outte, col oliae and bet “be i OMIM aststiveveat raday har ie t oe! isc aut $3.98 | niiraday’ oniy':., 49