The evening world. Newspaper, June 25, 1907, Page 14

The E Published by the Preen Publishing Company, No. 0 to @ Park Row. New Tork. Bntered at the Posi-Office at New York as Sccond-Clasn Ma‘! Matter . 16,744. GAS LOGIC. f EFEREE MASTEN’S eighty-cent gas ; report was filed officially yester- k day. For the first time its con- = i ts are accessible to the general F H Its conclusions were known 5 if in Wall Street weeks ago, where i somebody profited enormously by his advance knowledge. As yet the judges of the United States Circuit Court for this dis- trict have telken no steps to investi- gate this gross scandal and to pun- ish its perpetrators. However the Supreme Court of the United States may finally decide the questions of law involved, the fact that this de- Cision Jeaked to the benefit of the Wall Street gamblers is indisputable. Mr. Masten holds that the people of New York who use gas must pay the Consolidated Gas Co. six per cent. a year on $83,357,000, and that the éighiy-cent gas taw is unconstitutional because the profits at that price would not be sufficient to pay this six per cent. Bx To make up this total valuation Mr. Masten includes the franchise and good-will at $20,000,000, the Astoria uncompleted gas plant at ) $12,000,000, the other real estate at $13,461,000, and the balance for the plants, mains and meters now in use, and for working capital. ra g He bases his estimates on the figures for 1905, when 13,283,163,767 cubic feet of gas were sold at the rate of $1 a thousand, and at a net Profit of $4,983,928, TF GIR ee Fy ora Assuming that the public would not consume any more gas at 8 cents than at $1, and that the cost of production is not reduced by the new Astoria pliant, Mr. Masten simply deducts twenty cents a thousan feet from the net earnings and finds that this would give a return of onl) 2.8 per cent. on his valuation. ° a It would seem that the public should not be expected to pay divi ends on the Astoria plant until it is complete and productive. No land- Jord with a half-finished building would expect his tenants to pay rent and no manufacturer would demand that his customers should pay hin: a profit on his plant before he supplied them with the goods. tm. Mr, Masten has overlooked the impossible logic of his opinion. ww" According to his own figures the Consolidated Gas did not earn sip per cent. net in 1905. Therefore the price of $1 a thousand feet for gas is confiscatory and the $1 gas law is uncorstitutional, It would take a price of 2bout $1.05 to Sav te> six per cent. OF course, if the Consolidated Gas could charge $2.05 “ts franchise would be more valuable still, and, according to Mr. Masten's reasoning, th: total valuation should be correspondingly increased. As soon as this was done the $1.05 rate would become madequate to pay six per cen( on the increased valuation, and the price would have to be raised again. So long as the Consolidated Gas's stock and bonds have a Wall Street market value on a 4% to 5 “per cent. basis it is not possible that any gas rate however high would fot be confiscatory if the market value of the franchise is to be in- Cluded and the price of gas com- puted on a six per cent. basis. Conversely, if the market value of the Consolidated Gas “in Wall Street were on a seven per cent. basis the valuation of the franchise on a six per cent. basis would always be too high. This shows one result of the remarkable claim by Mr. Masten. tha a public franchise is private property. If it is, not the Legislature, bu the Stock Exchange ticker, becomes the law making and unmaking body What Great Thinkers Are Talking About No. 3.—Judge E. Ray Stevens on Divorce. VENTUR sug Beau that there are wt ” unpleasar conacience elas magnified ie u: Other spouse nor any conclude that tt is the du facts shal tito whe could not se one reprementing the The parties too often have ne ' public, IL is my experience th g where there t# property subject f Ray Stevens in the Outlook that al the cases that cas yatters of property quarrels,” & t children Uf they may have in retum theret i lands In the training divorces granted tx granted ax soon the defendant 4 @upulace that the cur wetion. Bo tt Is poss brewktant ary lowe! te build castion tn the These are the Hone th hi inte dlerepute, ‘This te « eld wh ° Lee the dolutton of the aivorey prot WO divorce be heard u AMYvetigated jhe alr for venin 9 «|The C ri a’ Daily Maga zine, Tue Prince J, Pierrepont De By Maurice Ketten. PRINCELY TITLE For TP MORGAN, IF HE WANTS IT CNGWS ITEM) WHAT'S Tac ust IF Our Pal puy THEM. FOR THEM se ives, ‘PRINCE _ J, PIERRE-PONT DE MOoRGAN cy Is Not Always a Virtue. ae 5 times change, people change with them. ‘he mists of early morning show things tn a different perspective from that of the clear noonday or the lengthening shadows of evening. What we liked yesterday palle upon| the jaded appetite of to-day, and as we grow ol and feelings are modified by force of ctreumstan Very weak or very noble And of these noble ones tt ts safe to arry the woman with |sharp attack of the fever." of mankind the great love of life as well as " y jpretminary paraagos 11, ia the power of adapta-|iove, re true philosophy of life is mistaken for the genuine thing. have learned, j which is too hot and strong,” the world,” the doctrine of 8t tate I am, therewith to by When we cannot have most 4 it is sensibie to take the next best thing and to be thankful. Ite raves and tears tle bal for the moon, and refusing to ok at the electric Light close is @ fool or a lunatic ‘The power to forget is sometimes desirable rather than despicable “God be praised men can forget. Man despises such forgetting, But I thtok the angels know, whatsover and which mistaken for enduring love, this c and che It 1s & common witticism heerful Primer. (ORTH OF Hooks, OM voRTH OF LINE | A Doz. REELS SOME FLIES, SHVER 7 \SHINERS Ano $Y? WORTH OF BAIT & & 2 Od ) QU6HT To EMPTY THE LAKE WITH THIS TACKLE WE HAVE ALL KINDS FISHING | TACKL| GOLD BAIT Felt GeLb Fis BITE ALPRADY —\—_ Be, Chil-dren; This is NO ~~ Willthe Small Boy Catch ALL the FISH? Morgan? AT LED AMERICAN Since each hour brings new burdens, We must let the old ones go, Are the few who cling to woe” say tht they do not 4 or publish abroad the grief which 1s incurable. Heartache ts bitter, and Jonah was the first man on record te get tneide tnformation, constant association, The ideal of “Miss In-her-teens 0 loves his fellow man can do otherwise than be glad that it is usually ae apt to be altogether different from the mature choice of t sman heart ts wonderfully adaptable the n ory con: Popularity ts an article that tsn't displayed on bargain counters. sahieg desi gliad Sitaen. yeas T, while the man of thirty! ventently short when It comes to the transference of the affections. Thack- Ave good cau that he was unable to follow pray tells us that “every man ought to be in love a few times, and have one It’s up to a married man to be a husband—not merely an ex-bachellon, There seems to be little doubt that for the rvasor- when there ts There ts a strong sentiment in @nd much worry and some sorrow arise from spurte A passing fancy, a sudden "burneth reladmiration for beauty or brilliance of speech—each and all with results that are, alas! e the second love may be the real one. When death has broken the tle between husband and wife the laws of all lands sanction a second marriage, thereto. that more widows marry than single and recent statistics prove that for one bachelor who marries between! of fifty and fifty-five seven widowers remarry between these ages. See the SMALL BOY Withthe BENT PIN. vate ay, June 25, 190._ {AG RAPID TRANSI eSh PRI DEXTER WMASON No. 9—Bulow Strasse Station, Berlin, lonalre's reaidenge? 4 ordinary elevited station in Berlin. 1 MANC_T REAL THI IN ( ARTIOUES Tes eg, Epi } ] No, It te as Then the elty must have bullt ft to on ornament, elevated company in America would put up such a work of art On the contrary, the station ts but one of many bullt by «a pr vate company, every one designed by a)ait- ferent architect, and all expensive, Rut why should « with to om a ctty Witte res like thie? It sets @ bad stand mM that ether corm porations may have te live up to The builders of the road had some pride They had public spirit, They were determined to make abutting Property @o up ts value, not Gown, and they succeeded. ‘This elevate! road baa never had to pay one cent of damages to property owners. And this clean recon! brought the dullders another elevated line to construct in Hamburg. Does eush a policy pay? The company apparently put the money question Iast,.but are now earning good per cent. dividends, and the profits are tnoreasing every year. They would Aidly managed surface eystem. kinne? stairway in Berlin I» completely protected from the tations are all roofed in, The Germans have been building s this way for over twenty-five yoars. ricrn company could not be expected to shelter its passengers the Rapid Transit Commission, with all the city's money properly roof over the new elevated stations and incloee the waste so mue oney company nele decently at thetr disposal, stairways? They prefar d to do as the compantes had done, though they were unged te sould not something be done to make the present elevated stations more le in bad weather? tainly, The ti ht all to be made as good as the Bertin one, ast as sheltered. It 1 not com the company much, and would be a good 7, & good advertisenent, Many of the stations are getting old, anyhow, ani as long aa the persent elevated romis are allowed to remain, they should te kept tn decent condition. WHAT IS REAL LOVE? THIS. By Walter A, Sinclair. Come tnto the laboratory and see just what Real Love ts. We'll pin down the germ though {t wiggle and equirm, And Jook at its beautiful phis. For love ts a funny heart-itch, a nothing that two oan divide; But olf Dr. Hall says it's nothing at all, ‘With mantace mixed on the side. 4 Come Into the laboratory and take a square look at Lowe; We'll slice and dissect it, prod ‘round and inspect tt, below and above, And view from ‘The allent And when Oh, look through the microscope’e lenses and pick out your special ited Emotive deluston, fixed idea, confusion, Or symptoms of weakness of mind; 1 So come to the laboratory and see juet what Real Love t, ‘As the wise Doctor tells it {s no wedding bella, | But a padded strait-jacket for his. RSE WSS SE. Pointed Paragraphs, ORDS never fail « smooth hypocrite, sai By Helen Oldfield, W A funny story gets more applause than sensible talk. ‘There's always room for « few more—at the bottom. It’s & woman's plain duty to be as handsome as she can, parnde their hurt ~H one, comes after several It taken # fool to fool himself tnto the belief that he isn't foolteh, | many hearts about first pun emotion being fascination, waste; a warm of these may be eadly familar. When « society woman attempts to put on style, it looks much Mike a take-off. “love soon to No, Alonzo, a’ man seldom puts his foot in It when he takes « step fn the right direction too In hearts of men Jncline greatly | It tw far better for a gtr! to rematn stn, for he will monopolize the mirror. than marry @ go0d-looking man, les @ fat woman more than to encounter than herself Proba woman who nothing in much fa ' It depends « great dea! on the size of @ man’s bank belance whether hte ailment i» gout or Just ordinary rheumatism.--Chicago News. Letters from the People. | there 1» no reason why he can’t use | wkates on the same avenue The in Central Park is & g00d place to skate | | Sugwests Playere {The E To the Eaitor Casing 19: ie re on OD ‘There are not property owners tives tight © Kick about the noise, There arene « nuls. | W8S0D8 OF automobiles onto whieh ‘the on ini oe can hitch and run the ebance ample reat and feed t think this apace being arrested. I think the Mall |” would make @ good rink, Why noe. got the city to authorise skating there? »w One Hundred BV, BL. V KWELI, dy as above, Also. Satway Smoking, ern part To the Editor of The Evening World: The «an who smokes tn the |i¥ an abowinable nuisance, and if the men in the employ of the company care their Inetructions he weuld into Rarytone ried out To the Billor * What Is the ex ronge of a tary | soon cease to annoy others. In every tone singer? I have beard & train le a nolce prohibiting smoking tm fifferent views in this matter, the stati and carrying Cigar, dite into the cars, Tralamen are larly ordered to see that these are obeyed. But they don't, At ithe stations are printed notices “No allowed.” Yet men amoke to ('s content, and usually no lows to nat a of m darytone serage range BARYTC ot a barytane is { the bass siaf to bape fens takes the alightest notice of te pinion Knowing ¢ be strictly ageinet ating aie " rules, 1 sp to 4 mao in uniform out Mt, when he replied in @ Very 1 myself am ¢ pleaeur End Avenue nd partake think that the 1 wow town by ¢ we ¥ saved, ham To the Balior of the By sles Snap \ rocder eke won Sould Win Me ® alr 4 wenboe steady race from here to Chleage @ | whe & , 5 Kotrian oF @ horwe, Lt depandg ried m ark a» wz} paved, Of vovrae you cannot brine a Keep YP & rot fo rl « . Mie ran who walks ie dota Karey Sr] trousaiin persone tomeeher and ne 4 c cm some ene who is not varuly, A good + m vary to fomy . many of the skalers live om or vary neat the avenue io quewtion, Lf « pér- om can pide & bisyele On BO eveRuE, ware |