The evening world. Newspaper, November 9, 1908, Page 9

MORSE BLANES HS DOWNFALL ON THOMAS F. RYAN Indictment Came When Ice) Man Began Probe Into Equitable. HEE ARNIED MUO WAAL Did on Small Scale What Ryan Did on La and So Faces Prison. estchester Rall ne on a new n New York with the New e was fam eat part of New {the Ma pers who becan rk w ted Mayor. nemes_ or ns or it com & public Turned to Banks, ated with Inft his ice success and with Knick Whose Prestden had let into the profitable Ice Trust deal, There was nothing more to be made out of the Ive The Evening World's fight nst the increase in the price of ice had forced a reduetion Tho close of the Van Wyck admint> tration and the had deprived the political monopoly docks and piers. Morse had unlimited financial ambi tion, He recognized that, although he was worth $15,001,000, was a minor ure in with the fon and Consolidated Gas mag- ton of Mayor Low Ice Trust of its over New York's comparison Charles T. Barney also felt that his relations to William C. Whitney had entitled ‘iim to continuance in tne Traction inside ring, although Mr, Whitney wos dead, Morse concluded there was more money to be made in new traction facil- ities than in anything else. Barney thought #9, too, They got hold of the franchise for the Westchester trolley road, proceeded to arrange for the con- @truction of @ four-track line with no grade crossings, which would run from Connecticut to the Bronx and there con- nect with the proposed east aide sub- way. This would give them a profit- able direct haul and an entering wedge to compel thelr being taken into the traction monopoly. The Steamship Combine, Morse had already acquired the Hud- won River Steamboat line. He got into that business through the handling of the Hudson River ice, where he found out how cheap and profitable river transportation was, there being more money in carrying ice at a good freight In Fete than in cutting and storing it, eld competitive day fit from |} | Ryan was doing with the $400,000,000 as- Mes Mr. Morse took wp the iiea of con- necting this trate by a Roston to New York steamboat line, He built the most magnificent steamboats for domestic transportation used in the United States. He improved the accommodations and service on his Hudson River line so they took away a great deal of trame and freight traffic between New York and Boston. Inflated with these successes, went on to form a coastwise steamship trust which combined his New England lines and hia Hudson River line with the Southern steamship lines which he Morse a from the New York Central, and his}on tho books at $941,000 Ww new Boston line cut into the New Haven jdown In value to § Road, which had hitherto had a monop- | Were made with the de oly of both land and water passenger | Was recently | bought and consolidated with a capitali- | THE EVENING WORLD, The Rquitable owned the same real ¢ tate, the same stocks and bonds, th same cash in bank and the same policy Joans before as afterward, The change in figures did not alter either the fact of the asmets or their value. For Instance, the oc ie in the First Natlonal Bank of ¢ to the ‘reappralsal | wtileh Moree was Indieted, convicted Was that he hs B. Wh tried and one of Nis sign notes had. bee! ow and & erred |pollcy-holders on this basis, ‘This sold for. $1,000,0 was within $3.00 the valu ‘on the books an 00) more value after the es on the with the Metropolitan and the Gag and | wore altered deferred dividend Power Companies what Morse | had been amed he would ba tr imz on a Ryan had done on called floating or u This is one sample of stances by which the Equitable unc liabl ities to scale what ale 4 its zation uf some $10,000,000. [took to reduce its Fight iets The p To ‘nance. those "various enterprises | POY oldars and to conceal an enor | weanee which, Mors 40 Ca Morse and Barnoy used the resources of |"In the inein time the Equitable sold | self. thelr bank# and trust compantes, In mite Avenye Trust Company stock | [eine omen teyiald doiiallepiwcale and Ryan hought the Mutual's holdings sey dong walle wnat tu came company and thus aciuired, ACTRESS IN A TAXICAB RIOT. n had doi contro ction, the old any | ————— and later the Morton Trust Company, Equitable Helped Out. © Chanifeur Arreate Brieks Sree Ryan Methods. Alton and ‘on- ated Gas Company and its com- bination with the Edison Company, They even thought they could smash 2 of Harri-|! After Ryan had formed the traction unload prown and She Mort |The Morton. ‘Trust | sponsor. In t avenue erates of her tax!- tan treasury there e a contemplated | WET f ly 4 ye traction merger, and contemplated | W4T8, Wun WHIAHVORITREISFERTINE | stopped the cab directly in nt fare on the east side st merger in the Metr the headquarters of the strik- way to take the water out of the trac- | 1 began to col- tion and bring about a who ad “on] treaty in which Ryan and Mor- deal with them as equals. lay the National Bank h Ryan controls, sed its doors, Charles president, shot himself. P road was Haven in part ary Corte Morse ha x blow came when the put out Morse's banks ler at Washington put re-! of Morse’s national | e banks were also | their depositors in fall The stock | in several of them is worth more |than par, The barden of the loss fell on Morse himwelf. It has been indinpuiably proved by receivers hontile Planned His Revenge. Morse's pers wiped out I street an paper. | e which he had | an sufficient to pmnants of for |left were little more pay counsel fee yan Included, >wn and out. | revenge. He Thomas F. Ryan 5 own profit, that n controlled paid wherever Thomas F. Ryan's hand appeared there must be So Morse started to find out what sets of the Soctety, stock Equitable Life among which control th Assurance | were enough Mercantile and es, the Fifth National | rge hold: | t Company ot| Al Bank of Chi- | ine Ryan he directed what che called “a reappraisal of the assets,” Under this reappraisal some $18,000,000 was written off the assets, almost two-thirds of which was charged to the semi-ton- tine deferred dividend fund. This was the fund from which the holders of long ume dividend policies were paid. This ging off reduced thelr dividends and the settlement of their policies they received correspondingly less, Juggling With Figures, In fact the actual assets continue to exist unchanged by the reappraisal, Speaking or Questions we'd like to ass | ourselves, Where in the entire city will you find the) duplicate of our $15 Suits—uuder $25—out- | side of our own store? | Moe Levy & Co., oue were dozens of individual along the Hudson, the prices they re- ceived ran as low as 8 and 8 cents A ARE EET NL 1439 Broadway | 119-125 Walker St., New York New York 380-382 Fulton St, Brooklyn, ¢ Pay the deficits the ex: the nine Twenty- train” turn for | make a show of fictitiou > chauffe f d the Equitable accountant to ur an ac- | res of the/ NEW YORK DOCTOR MADE e Life As-| ney in the fee Trust and | KNIGHT OF ST. GREGORY. Get the Richest MONDAY, NOVEMBER 9, 1908. CHCHURCH TO © “while im fact Whit: | TRY MENTAL CURE pm and the | s Was a viol: | to the time OF BODY MLS M adopted by Al suggestion ts to St. George's Church, this elty, as a means of treat um ig persons with Usease, ac cording to an any in the year book just issued The at Em practice ha manuel Churet 5 met with suece ton Birckhead, rector o Which ha geht hundred Suppo tura ition sons fe halt t eult ofp wlersta endowments : Evaporated Milk All Evaporated Milks look alike and taste much alike. Let us point out the difference. Then judge which you want to buy. The difference is in the richness, for after purity, richness controls the value of milk. The difference in quality makes a vast difference in the manufacturer’s cost and his profits. This is important to you. The manufacturer of some other brand may have told your grocer his brand is as rich as Van Camp’s. But is it so? Why Quality is Reduced Just now the United States laws don’t protect you and your grocer against weak, Evaporated Milk, because the standard has been relaxed. The law is not enforced, There is much competition and great tempta- tion to reduce the quality so the wholesale prices can be reduced, Van Camp's Milk has not been reduced in price (your grocer will tell you that) and we positively guarantee you the quality has not and will not be reduced. Quality is what you must have and we know it is wise to give it to you. So quality is what you can depend upon in Van Camp’s Milk, How Quality is Reduced It is just a question of evaporation. One third of the water of raw milk can be taken out by evaporation or twice as much water can be taken out. The resulting product of both proc- esses will look and taste much alike, But stop and think of the difference in cost. Realize how it will be when you come to dilute the milk for use, Is it not perfectly plain why some brands of milk are urged on you by manufacturers as ‘Just as good as Van Camp’s?’’ Don’t take Van Camp’s Milk Evaporated — Sterilized — Unsweetened some other brand and think Camp’s Evaporated Milk. ’ ' Don’t Pay for Water You can’tafford to pay a milk price for water, That is one reason why you should insist on Van Camp’s, it is like Van Another reason is this: Our cows are in- spected; so are the men who milk them, Our dairies are sanitary—cleanliness is carried to extremes, In Van Camp’s, every means known to science is employed to protect you. Do you know this of other milks? Not “Condensed Milk” “Condensed Milk’’is adifferent product. “Condensed Milk,’’ by weight, is hardly more than half milk. The other half is the sugar used to preserve it. Because of that sug “condensed milk’’ is not used for cooking. Van Camp’s is nothing but milk. We add no sugar, no starch, no preservative, ing is done solely by sterilization, For this reason, Van Camp’s serves every purpose of milkman’s milkor cream, It is ideal for cooking. Milk dishes made with it havea delicious flavor such as one never gets from raw milk, Those are the differ- ences —please choose for yourself. You can get Van Camp’s any- where if you insist on it. Get the Milk with this label and vou will get it right— yar, ‘The presery- Van GAM sreRiLiZéD Stern Brothers are now showing their entire Fall and Winter Importations of Cilacé & Suede Kid Gloves comprising Mexandre, Lupin and Babbette Pique and Overseam, Filet, Paris Point and Four Row Embroidered Backs in the most desirable lengths for Street and Evening Wear. Novelties in 16 Button Hand Embroidered White Gloves, English and Domestic Cape, Reindeer and Mocha Gloves and Gauntlets, for Str Riding, Driving and Motoring, Also To-morrow Women’s 14 Button Length Glace Kid , $1.98. Lupin Quality Gloves, in plack, tan and white, Value $2.75 Pair Women’s 20 Button Length Glace Kid Lupin Quality Gloves, in black and tan, Value $3.50 Pair 2.25 at Little Children’s Apparel IMPORTED AND DOMESTIC DRESSES, COATS, BONNETS AND AFGHANS, IN A VARIETY OF STYLES, For To-morrow, at Special Prices IMPORTED HAND EMBROIDERED $2, 10, 2.45, 3.10 DRESSES, 6 months to 3 years, at WASHABLE WHITE CORDUROY COATS, 6 . 10nths to 4 yrs, 3.95 CAPS TO MATCH, 85c WHITE CORDUROY AFGHANS, 2.95 IMPORTED WORSTED AFGH¢ $1.65, 2.65, 3.50 Sterling Silver Toilet Articles ~» EXTRAORDINARY EXTRA HEAVY WEIGHT, JFFERING OF ATTRACTIVE DESIGNS, At 50% and More Below Regular Prices $1.65, 2.45 2.45, 3.95 $3.95, 4.95, 6.50 Hors, 45c, 65c Combs, 75c Polishers, $1.05 Hat Brushes, 75c Bonnet Brushes, 1.05 Whisk Brooms, Hair Brushes, Mirrors, Hooks, Files, Brass & Enamelled Bedsteads and Bedding—Exceptional Values BRASS BEDSTEADS, at $15.00, 22.75, 25.00 Formerly $17.50, 26.00 and 32.50 $4.75, 6.25, 10.00 S and 13.75 UPHOLSTERED BOX SPRINGS, $10.00, 12.50, 16.50 Formerly $12.50, 16.50 and 21.75 WOVEN WIRE SPRINGS, at $4.50, 5.50, 6.50 Formerly $5!50, 6.50 and 8.00 AND HAIR MATTRESSES, PILLOWS AND BOLSTERS MADE IN THEIR OWN WORKROOMS. ENAMELLED BEDSTEADS, at Formerly $5. FELT West Twenty-third Street Fumit ure, Carpets, Rugs, Bedding & Draperies One Low Price---Cash or Liberal Credit System Parlor Suite, with silk cord 19. 75 12,000 Yards 75¢ Brussels Carpets, values $1.10, $1.16, $1.20, $1.26, at 3-Piece Mahogany-finished Frame loose cushions of green silk plush, tufted, and tassels, like cut; value $30 \ m4 000 Bonne Femme LACE CURTAINS, 98 formerly $1.75 to $2.25, at | Sr Bra s Bed, with 2-inch continuous Dining Chatey posts, extra heavy mounts, finished Golden shed in the finest lac uer ; all sizes; carved ke ike cut; value $30.00 cut; value , 4 a0.00 MoM AU oss ccssssasanaatasso 16.48 “Follow the Crowd” } Into The World's “Want” Columns. i : ad e