The evening world. Newspaper, September 1, 1905, Page 4

SEMTOR DEPEW € BLAMES IT ALL 4) Provement Comr the bu - epmee oe > mR ES @y it was proposed that the Improvemen: » ON THE CIGARS * Concetn Showed the Way to : Profit by the Use of His Name. EQUITABLE LOAN PAID. », In Setting for Land Company - That Bears His Cognomen He Makes Strange Admission. In his long staten Morton of the ‘Eqy panying the $93,550, nt able Life, accor M. Depew tumed over yesterday, in repayment with of ne De for Senator the $25,000 loan made to th from New York was used by the before he acquired In business circles ¢ taken to mean that name was used by the 5 Depew Improvement Compar his knowledge. Cigar Firm Began It. Senator Depew refused to an interview to-day, but his sec took to his office in the Station the following que “Is not the p five years w assure yourself of the company or the nature of tions: “That's nothing,” responded the sve- retary. ‘A cigar firm in this city used Senator Denew’s name for more than pout his knowledge or+ 8 opera- | Senator Depew's statement Morton is, in part, as follows: “YT had nothing to do with the organiza- tion of the Depew Improvement Com- pany, not even authorizing the use of my name, nor was I in any way con- | to Mr.| nected with It until, five years after its | Py incorporation, I purchased for $100,000 In cash a one-fifteenth interest in the stock of the company. The company at that time had about 2,700 subdivided lots and} 265 acres not subdivided. During the fall of 1897 the Improvement Company | had negotiated a loan with a prominent trust company in the city, under which | Company issue $500,000 fir: mortgage | bonds, secured upon its real estate che trust company to become trustee under the mortgage and to loan upon these bonds as collateral and on the com- pany’s notes up to $300,000 Lent Money on 1,575 Lots. “When this proposition was referrad to the company’s counsel he thought it would be preferable to secure a plain mortgage loan, carrying with ft a simple plan whereby as lots were sold the proceeds could be applied to the re- Guction of the priacipal of the loan and the lots released from the lien of the mortgage. In consequence of this ad- vice the loan which {3 now the subject of discussion was seoured froin the Wquitable, “The FEcuitable Life loaned $2 ¥o| upon 1,575 of the company's lots. The valuation placed upon the plot by the Equitable appraisers at me Was) $393,750, and upon the balance of the land owned by the company $540,000, @ total valuation of the property of $983,750. I was, of course, cognizant of the negotiations for this loan, 1 con- sidered then that the loan was a good one, and bave never doubted that the Equitable would realize the amount of | thelr loan with interest. “In the summer and fall of 19m « real estate depression set in in and about Buffalo, which proved disastrous to many young tnd S, and lowered | values and checked the growth in the} town of Depew. It was at this time, Uct. 7, 1901, and not when the joan was | made, in January, 189, that the Insur- ance Department appraised tho part of the property covered by the Equitable's mortgage at $150,000. “Ag a result of the business depression the company became embarrassed an = the payment of interest was stopped. A Teorganization committees was ap pointed. A plan of reorganization was undertaken under which a new com- pany was to be incorporated and tt was to issue bonds for $760,000 to sup- ply funds to take up the Equitable mortguge, principal and interest, ana to pay the other indebtedness of the company. ‘he reorganization commit tee proposed to the Equitable to fore-| close the mortgage, turn over the prop: erty to the new company and take bonds in payment of the loan. This the Equitable agreed to do provided they could be assured, first that the new company would be tnoorporated, issued and delivered to tt and, second, hat the bonds would be taken off thelé c without lows What He Guaranteed, phe frat requirement was met by ral written guaranty i Aigned. This docu co aay” would be. Inc oe fesued and eet by an age » the ae uitabie st when the Euuitab che ke to get this it we om Equitable T Joss, and a guaranty w t factory to ft, to which I Was a par ranteeing§ that if the Fqultalil ust Company bonds from the @ certain time it from os: 3° ning World Wonts. bul there aie MORE PANG here BAKGATNS TO-Day “PICTOR re IAL BY TT. & MILLS = With GIN AGA Use BY. POINTS ON THE THE WORTN: FRIDAY EVENING . SEPTEMBER 1, 1, 1905. NEWS =OWERS. ISNT THAT RAT 4 SUDDEN! AT TH FUSION CONFERENCE Look Te Your SELF JOHN BULL WITH RUSSIA IT IS EITHER A SCRAPPING MATCH OR A KISSING BEE — IT Is THE KISSING BEES THAT HAVE MADE THE RUSSIANS Hose SePLAT, WANT TAFT To TACKLE BOYcoTT Money Restored. Of the cost of J “3 a Valentine P. § e $250,000 seve: to the Depew Company, RESTITUTION MADE TO EQUITABLE; SUMS NOT YET PAID BACK. Not Yet Paid Back. George H. Squire... iam H. Mcintyre. H.C. Deming. u amo! Ut the profits made by Jacob H. Bohift om the sales of securities to the Ei table through his firm, Kuhn, Ama: at unknown. GREAT CROWD AT | sulzer's Park Overflows with | Little Ones, Who Enjoy a Day To-Nigtt. | ‘There will be a thousand of katzenjammer In the Second A bly District to-night Tom FY Rave his annual plente to the ittle £ s district tc ey reveled nd floods of | Second Assemiiy er were so many. little he populous region where Big is looked upon as a huge smiling and bestowing substantial sort. But it | the ice cream and lemon- ade that delighted the little people. | ‘There were marvels of every sort to en- | tertain them and make their eyes grow big and thelr hearis to leap up into thelr throats. ‘There were Chinese and Japanese | troupes, Arabs, whirling dervishes. deautiful French ladies who danced ag It thelr feet were afimated aprings, song-and-dance teams, performing dogs District as for there / MARTIN wu) PAY ME $ S50 APIECE Fog THESE and cats, monkeys dressed in fantastic Jcostumes and a succession of other | maivels to the Httle people of the great exsi-side tenements. ‘Big Tim" Sullivan and * | were thepe helping Tom honors of the o scheduled to I : |when the evening's entert the grown-ups begins. _District-Attor- | ney Jerome fad promised to go, but bls lines kept wim away. The greater | pert of his staff attended, however, in- Tnding Assistant —_District-actorney Kand, bis first asalstant. ————— SICK MAN DISAPPEARS. | A general alarm was sent out to-day j for Wolfert Levy, twenty-seven years old, of No. 2 Bast Bighty-eighth inet, who disappeared from his home yesterday. He has been {i for months and his mind Imd been affec ————__—_ A Cheap Revolution, revolution in Uruguay was one of the most successful pulled off in South America for some years. The | Government pald the Insurgents $100,000 | to autt fooling. A NEW WAIST lize that you can make an old Dore thew agaia with Diamond, Dyes? ead about this and a thousand other Uses In the famous Diamond Dye An- Dual, Sent tree, You can ct Any color in Diamond Dyes a+ drug store. Diamond Dyes ‘They are made for home ure. and are ae Ie to use as SORD. CHRP ed never crock ot fade... Sead name an ae rcure a cong of mon a eiaget Diamond Ds Anal, Sees DIAMOND. ‘DYES, « Burlington, Vt. $14,420.50 14,420.50 4,576.74 FULTON STREET. Loeb 8 to favored ex- Jes oMtors we FOR eran en i: ROBBED ON POST [iAcouses Man Who Had sked| Him the Time of Filching Watch—Prisoner Is Held for Well-Known Member of Fam. as a real ewiate de ity, died on Tuesday last ‘helps the old N. the funeré was fifty years old, and Phelps farally, | wna t shi wife survives him SE ea: LORD & TAYLOR'S A MECCA FOR WOMEN Beautiful New Shades of Broad- cloth Form an Attraction to the Eye Hard to Resist. ‘There will be no difficulty in the New | York woman of 10 keeping up her | 10) Lora ‘© Te aylor's, It ls safe to aay that abe will wake more tan e glance, to Bnoadoloth is Qasmvord Of tke up-to-date fasnlous, bird.” aud the display iw che Lond & ‘Duy windows bands | 45) should #0 take the| tis Buuitable, Tafe within | Would be’ proveotrd y tro | plum colors with isja king of a martyr that has bese Business Fumily. Phelps, who was well- ter part Of Trial. his gold watch Dwar, for stunning end smart! etree sald thar chances to gance in at duty ‘in uniform op watch and appeared. | “I though. ¥ was slick, Judge, but tha man did me,” sald Special Police- men Henry Schwartz to-day Essex Market Court, when he accused | Joseph Rosenzweig, eighteen years old, Gt No 685 Hust Eleventh street, of ateal- Who lives at Nov 1a? Bet | last night he was on| whén Rosengwelg approached and quired the ume, Sch’ oxen gw the watch looked ‘Dwo minutes later the watch had dis- | Bohwartz found Rosenzwel, wo bigcks away reading a glen in fron 1,800 Pairs at The materials for the if er styles right up to date; Lot One, 1,100 Pairs, Value $3.00, IN WORSTEDS, CASSIMERI S$ AND CHEVIOIS; 28 DIs- TINCT PATTERNS; NATTY STRIPES, DARK AND LIGHT EFFECTS, ALSO PLAIN BLACK THIBETS; ALL SEAMS ARE DOUBLB STITCHED AND REINFORC- BD; SUITABLE FOR BUSI- S AND DRESS WEAR; SIZES 31 TO 42 WAIST; 30 ne Bin INSEAM; CHI 'Y PAIRS AS YOU Sis A at ONLY in the and chain worth $50. on street, rtz took out ig remarked that eo & fine "petlow | ‘| milk. is unsurpass poses, pure pure weet in any te o can teir the rich wines aud or Taspbery in ’d for household pur- Sterilized and absolutely It is guaranteed to keep mate, The trademarks are valu- able; save them and writ. for list | of free premiums, | MOHAWK CONDENSED MILK CO. | of Tob hall, = ‘ ’ ie Pat RE ute Thee he Aa, |New Fall Tailored Suits at vasioyy of Mua an aeeisst sone io ‘Keosal ‘Their smartness and exclusiveness are strikingly evident—more than i = — —= that, they show master tailoring in thelr modelling and in thelr per! ect 7 - — ;| || fitting qualities—made of all-wool Panama Cheriot, tn Novy Blue | a54 big sow windows oy Browd- Equals cream for tea and coffee. || || Black. ‘The new fitted coat in single-brossted atyle d artist Buades in > . 4 ing innovatione—60-Inch lengt of siTeet Wear Four times richer than ordinary | Swell New Fall mpe 1 | | ature or cli- | |} \| An Important Trousers Sale stoundingly Low Prices. id cheviots; and there are pleasing assortments of cassimeres an Re to CUSTOM T ULORED, cut upon the newest patterns with divided into two lots, as follows: Rarely or — These Rain Coats at In tan and Oxford; strictly rain-proof—regularly sold at $12.50— almost afford to own two at this price, Special for Saturday in Our Millinery Department. 100 dozen Hats for Ladies, Misses and Ohildren, of Colonial and Sallor shapes; Hats that usnalty ‘sal at 9 $1.49; BALUTday oe rceerseccrsermercermrmmeneeewreteene BROOKLYN. MEN. =* part are WORSTEDS of best quality, Lot Two. 700 Pairs, Value $4.50, FOR PRESENT AND EARLY FALL WEAR; MERCERIZED WORSTEDS; THROUGH AND THROUGH FABRICS; SILK STRIPED BEFECTS; PAA: TIFUL PATTERNS; A VERY LARGE ASSORTMENT, IN- CLUDING EXTRA SIZES FOR BIG MBN; CHOOSING IS BOUND 10 BE Y; SIZES 31 TO 48 WAIST AND 30 TO 35 INSEAM; ALL TRIMMINGS ARE IMPORT- ED; AT ONLY $12.95 $8.75 leajhate in 5c of Revelry—Grown-Ups Dance | ot so cnses | -{of an ¢ SCARE WORKMEN ee OE | Fire High in Air Was Spectacu- iar, but Employees Were Sure. Buiiding Was Fireproof and Never Flinched, | | Flames caused hy defective insulation rie Nght wire started early to-day on the etghth floor of the ten- | story building, Nos. 129 to 135 Charlton | net, Occupled by Heywood Brothers | " Wakefield Company, furnitare and aby carriage manufacturers, ‘This floor was filled with excelsior, up- | holstery clothe and other inflammable materials, and before the fifty or sixty | men employed there could do much to | check the fire it had filled the entire floor. Fortunately the building ts fireproof. and the firemen had ttle diffoulty in confining the blaze to the floor on which it etarted. Two fire boats which re- ‘sponded to the alarm were not needed. Sy sure were the several hundred mea employed in the butlding of ite frenroot qualities there was no panfo, although the fire, es far as the efghth floor was concerned, Was svectacular. Manager Walsh estimated the damage at from $10,000 to $15,090. It’s the Style Ce Tr you want style and service in your shoes then buy THE BATES SHOE, $3, No detail is slighted in the making of a BATES. The workmanship and finish instantly display the quality they repre- sent, Ask your dealer for THE BATES SHOE. If he hasn't got them, tell him to get you a pair. He can do it in thirty minutes. Wear a Bates and be stylish, $3, 101 Agents, One Near You, BLAZE DID NOT | THE FOLEY iui Broadway~Brooklyn. 5-Hour Specials for Saturday ON SALE 8 A. M. TO 1 P. M. Owing to the Drastic Price-Cuts, No Teleptone, Mail or C. 0. D. Orders, 49c. Ready-Made Sheets, 34c. Gogd standart muslin: tree from drem! y io by 2 yards” felled " eram rough ncenire, ape. “e et 34¢ OMBD css Aus yaar TPA ASS (THK $I Bed Spreads, 65c. Flaked Flaked Venetian, 10c 10c Just What Handreds - Are e Looking For, These are White Crochet with ‘hemmed goft finish ena} TATGottpa ADEE. He arith 001 flab, ‘Wool finish, tnches wide: good Mne Of Colors ard the proper material for |] wohool dresses, en's parse Be gies, “J0Oc =. ‘Graham Crackers, 7ic. \65c National . Blgcutt | Company's 71 Upanapeal packages (limft 2C Full ‘ize, unstarched, Handsome ‘scllles pat- ferns, Regular $1 Spreads, Store Open All Day To-Day—Friday CLOSED MONDAY—LABOR DAY. Great September Sale of Shoes Looking to the New Fall Apparel Modish Garments Priced Extre: Women’s Skirts, 3.98, Women’ ’s Gals, 3.98. ‘These new Fall Walking Skirts are} Made of dark mannish wi mixtures to be had fn black and blue cheviots/ amd lined throughout and neat dark ma: mixtures; satin; box back; fly made in the popular plalt: sleeves, Iwith neat cuffs; Saturday. values; while they last. Won Silk Waists, 1.98 of heavy white Japanese ailk with colar ey Bo rind, Oke of ince: 1 98 back. with belt Children’s Coats, 1.98 Cheviots, Zibelines and fancy mix- | tures in “4 lengths; Savalas, 1.98 ‘This Sensational Event Starts To- Morrow With Hundeeds_of Cases from High-Grade Makers To be “well shod” Is to appear neat and prosperou: Ing In school children than good, neat, strong shoes, 1 than ever for this early Autumn sale. ls shown. Styles are from newest lasts. Nothing is more bec®m- We bought more extensive v Only footwear of highest quality leatner Values are unmatchable. Wonderful Values in COUCHES Tufted Velour Couch In a variety ef colors. Solid oak frame, uphol- stered entirely with hair, Usual price $12.00. Special sale price. $9.28 $10 values in Tufted Couches, cov- ered in a vartety of plain rx or figured velour ....+ee» $5 28 Open Saturday Evenings till 16 MCCLAIN, SIMPSON & CO., 539 8th Av., N. W. Cor. eee Faraitare, Carpets, Go-Carts ASH OR CREDITS? CASTOR OVALS ——=— LORYCASTOR O11 CONTEC Cure Indigestion and all Stomach, Bowel and Liver Beceem: For sale by Mulau's, 18s Jno. : Row; Horo age ft Nossau et; rae co ay & 3% Katiah, ath ay" Kuo ane aeaar: ‘aa ‘Thempeca, ‘Amaica, LT. a lOc. ALL DRUGGISTS. 10c, CLOTHING Per the Entive Paustty. $1Down & 50c, Per Week On Purchases of $10 Worth, Furniture and Everything for Heuse=| keeping. Women’s Kid and Box Calf Shoes, 1.45 Shoes with t kid or lace. ¢ ma’ fps tn button or lace, w hoes in Siscel id i fo box calf in Ingen call eizee, CUO” OF lade Also Boys’ and Girls’ School Footwear. srontgstoe good shoes ever t sold for. [vatwen, | EASIEST PAYMENTS OPEN MON, & SAT, EVOS, Glace kid In but- ton and lace and . box calf in lace/ Woye’ 82 Calf sho. Stout | Lace styles; stout soles soles; sizes 6 to 1. Patentoolt with mat kid to ps; button spony, 6 to 10%, 125; cines linses? .75 Shoes, 1.20. Glace kk dn button and Mace and Lox calf in lace only; ail stout soles; izes 11% to 2 Suits, Coats, Reefers and Pants School Wearables of Best Grades for Boys and Young Men, Brand-new, up-to-date Clothing tends to enthuse the boys and y: are about to retura to school, We enthuse parents by the sting. val Aieegt offering. Saturday’s bargains are extraordinary, TAN COVERT PALL) LONG PANTS suns c RUPERT AND 2OP, COATS 2.96) en ety 6 ROSE STREP GE KNEE P, Fee re UTES Bev saci) fll Bone PANTS J early pd M to m9 yeRrs:B OSL: rot ae see 4 894 . ere ep ore to is years as Sm get Tate a pa NOVELTY SUITS” 16 to eae ge eam ree $12 Soft Sa Tats 6.98 Brooklyn's Best 7 Market Rats er Pei rsp ro erate "Tcl GAR Belt zirls and women: ot. 4) value, 98¢ To ree eee BE Pra = fue a H