The evening world. Newspaper, September 6, 1911, Page 13

BANS RATE LOW ON LOANS TOFOLK OFTHE MANAGER Woman Paid Mechanics and Traders Ten Per Cent.—In- Siders Borrowed for Two. George Tonkonogy was put through a Jong and painful examination by Coun- gellor James Cropsey in the examination to-day Into the failure of the Union Bank of Brooklyn, of whtch Edward M. Grout was president, and of its prede- | cessor, the Mechanics and Traders’ Bank, of which David A. Sullivan, now under indictment, was president. The examination was held in Brooklyn be- fore Deputy State Banking Superin- tendent Dodge. . Tonkonogy, ® Brownsville lawyer, had a prominent and commanding post- tion in the Atlantic avenue branch of the Mechanics and Traders’ Bank. Mr. Cropsey sought to establish that friends and relatives of Tonkonogy had little G@iMoulty in getting money from the bank at less than reasonable interest, while other customers were not fa- ‘yored. Mrs, Ann Murphy, an elderly woman, testified that she borrowed $29,000 from the Mechanics and Traders Bank, through the Atlantic avenue branch, at 1 per cent. interest, and paid it back. Then Mr. Tonkonogy wi sworn admitted, under close questiont: ut his brother-in-law, George Weiner, in 1906, borrowed $60,000 from the bank on! hla note and paid only $1,200 for the ac- commodation. The bank eiiii hoide the note. Mr. Tonkonogy admitted that the Money was loaned to his brother-in-law | at the rate of 2 per cent. per annum. Also, he admitted, had been a depositor only a short time. The $60,000 was loaned to Weiner to ald him in swinging @ real estate and duilding transaction involving $84,000, All Weiner had of his own when he got! the loan was $3,000, Mr, Tonkonogy was then questioned ebout a loan by the bank to the Pioneer Construction Company in 197, Just be- fore the panic. The Pioneer Construc- tion Company, {t was brought aut, was organized by Mr. Tonkonogy's father- | in-law, Hoertz Zuckerman, to build a eo in Brownsville. nagogue was bullt, but did not It was abandoned and the his brother-in-law | oo re cam E EVENING WORLD, WEDNESDAY, SEPTEMBER 4, PLEADS TO ROBBING BANK. President of Aw Snyn $49,000 Was Reta bank was compelled to sell it for $1,625, @ loss of %.475, Nothing was said in to-day's hearing about Edward M. Grout. The probers are awaiting Justice Putnam's decision Inatitation ed, on the application of Mr. Cropsey for a} Davis S, Mills, former president of body execution to compel Mr. Grout|the Audubon Natl Bank, appeal to testify. The hearing was adjourned | Pefore pore Ho! f iminal Branch o' beabeali anaihdsa' Aa Gina) it Court to plead to an indictment charging him with misapplication of a Wite Tris #9, f bank's funds, Mrs. Yetta Barish, who lives with her| Arter « ng a tentative plea of not Parents at No. 128 Second avenue, at-|gutty informed Judge tempted sulcide to-day by taking gas. | Hough that ch Yication of funds | ed before she was un.|Charged in the indictment had oc- a egs,|CAsioned no loss to the institution, be+ chore, the Janitress, (cause the money had been actually returned to the bank. Assistant United States Attorne th said he had no knowledge of lon r but prom: arding the two month ings of $50, zo, taking the fam! ad_nothii live Harlem’s Greatest Furniture Store! 4 Complete 3,25 for Telescoping Couch Beds _ —two separate Eronzed malle- able iron frames, telescoping into one, mak- ing a fine couch or bed, compl@e with Na- tional wire springs and double turnover cot- ton mattress, covered with green denim. Carpets, Etc., Specials. Velvet Carpets, for these $14 Six- TAT Foot Extension Tables, in well-finished sod golden oak; 42 top; large fluted pillar and claw feet; complete with 3 extra leaves, None C. Velvet Rugsslo p. or by mail order. jularl; 6x9 feet; regu- Pay i Hotels, Apartments, Etc., CompletelyFurnished. $1.00; per if i) ’ yard....... 69c a8... "10.98 $100 Purchases, Weekly $1.50 || Open Saturday 7 U4 “ $1.00 and Monday $50 75c || Evenings. CREDIT TERMS: BANKING AND FINANCIAL, BANKING AND FINANCIAL, | BANKING AND FINANCIAL, $2,000,000 Seven Per Cent Participating Preferred Stock AMERICAN ORIENTAL COMPANY | Incorporated under the Lawe df the State of Maine. Refinere of California Crude Oil for Pacific Ocean trade. Works on San Francisco Bay. Head Office: 112 Market Street, San Francisco. (A letter from ihe President of the Company to the undersigned with regard to the business of the Company ts hereto annexed ) DIVIDED INTO { CAPITAL STOCK $4,000,000 20,000 PREFERRED SHARES OF $100 EACH—$2,000,000. 20,000 COMMON SHARES OF $100 EACH—$2,000,000. PROVISIONS OF BY-LAWS RESPECTING THE PREFERRED STOCK. dividends declared during that year. pray pr thereof at his option may ‘ preferred stock for an equal'amount at par Out of the dividends declared in each year, the preferred stock is first entitled to receive @ non-cumulated dividend of 74%. After the preferred stock shall have received 7% dividends in any year, it shall participate equally with the common stock in all further No bonds can be issued or mortgage created without the consent of the holders of all the preferred stock. The preferred stock is also preferred as to principal. Both the p padres ‘and common stock have full voting power, On and after January |, 1913, the preferred stock may & redeemed in its entirety by the Company at $115 per share in cash, or any holder the common stock of ADVISORY COMMITTEE. Charlee S. Rackemann, Boston Of Mestre, Rackemann & Brewater, the company. Thos. Fred'k Vi New York Teanc Clothier, Philadelphia Of Meare. Pred'k & Achalie. Director Girard Pri of Philadelphia, Ral ton James Parrish Lee, New York ‘orbe: Attorney and Truster. Julian Codman, Bost Of Meare. " I New York George, R. Sheldon, Now & Co, Bankers. Charles Coleridge Ertz, San Francisco ican Oriental Co, Vices President Amer Boston New York GUARANTY TRUST CO. OF NEW YORK 5 ion. Wheelwright & Codman. a & Sante Fe Rotlway Co. x : York Sa aries rery sti Mert, Weliees co Director American Light and Traction C I. DIRECTORS, ' Sebel Charles Edward Ertz, San Francisco Prendent American Oriental Co, Clarence Whitman, New York Of Mesure, Clarence Whitman & Co, Amory Eliot, Boston Director Webster & Atlas National Bank, Frederic Bull, New York Of Messra, Edward Sweet & Co. Charles P. Warren,:San Francisco Director American Oriental Co. William Shillaber, Now York Vices Preaident Bush Terminal Co, TRANSFER AGENTS. Boston ,OLD COLONY TRUST CO, ATTORNEYS, STOREY, THORNDIKE, PALMER & DODGE, Boston ZABRISKIE, MURRAY, SAGE & KERR, New York PAGE, McCUTCHEN, KNIGHT & OLNEY, San Francisco MESSRS, CHAS. D. BARNEY & CO., of New York and Philadelphia, are authorized to receive applications for the f referred stock of this Company at be received by them at either their New York or Philadelphia offices, or at the par $100 per share. Applications wi FIRST NATIONAL BANK OF BOSTON. All applications must be accompanied by certified check, or bank draft, for ten per cent. of the amount applied for; the balance payable on allotment. App! and close on or tion lists will open at 10 o'clock A. M., on Wednesday, September 6th, 1911, jeg before Sanunion, 11 o'clock A. M., September 9th, 1911. Any or all applications may be rejected or a smaller amount allotted than applied for. Chas. D. Barney & Co, 25BroadSt.,New York. 122 South 4th St., Philadelphia Summary of information contained in Letter of President of the Company: iti Ww A 4 ings, while the situation a1 This Company has acquired a large Oil Refolog facilities and upwards of 100 acres of valuable water ; ; ‘ ORKS—The works are exceptionally well built; the construction being of brick, stone and iron with slate roofs to all important build arrangement of the BUSINESS—The business which has been done by the Works and is to be continued by this Company on a Plant and Works fully completed and equipped on the Bay of San Francisco with deep water iront Real Estate. plant provide for operating in a large way at minimum cost, _ larger scale, is the Refining ‘of Crude Oils for domestic and foreign trade, and this Company will direct its attention especially to the transaction of the Cargo Trade in refined oils to the Orient. The crude oil is to be urchased direct from producers and the refined productz sold to themarkets of Asia and of all countries advantageously reached by the Pacific Ocean, especially China, India and Australia. CITY AND EARNINGS--The works have a capacity of about 2,000 barrels crude oil per day. It is proposed to i pay Ns ‘capacity later on. At intervals during the construction period of the works, some 60,000 bi . imately $2.00 per barrel when the cody are put into full operation. profils on this output at $2.00 per barrel would amount fo $1,200,000 per annum, a sum sufficient lo pay the full dividend on the preferred stock, and leave a balance available for dividends amounting to about 256 on both prefe MOM SICH A ND PROFITABLE BUSINESS—The Company does of produce crude oil but transarts a manufacturing and export hasing crude material from producers and selling the manufactured products to the foreign and domestic trade, i F Me emeraotoeal iceeten tn Lert tia! ruerica snl Asatte etioe et ne Petes Orean the dentate! a the refined products have been sold to the forei oil refining business increasing. Mort, can be put upon the the consent of every balder of the Preferred stock This c: increas; Sned, els of crude oil have and domestic trade of the Pacific Ocean at a satisfactory profit. This profit should a With the present ca pacity of 2,000 barrels pe The very proiit 'y or bonds issued by the Company in priority to the Preferred stock without ition is endorsed on each Preferred Share Certificate. CHARLES EDWARD ERTZ, President, Americaif Oriental Company. Baal BROOKLYN Every Thursday in the Year ls Special Bargain Day, at Martin's Hoyt Street Subway Station Directly Into Store New Subway Base- ment Offers Many FULTON St.Cor. Attractibe Bargains Bmopoee St. B'KLYN. Lingerie Waists.........Value 1.95 Reducedto 69¢ New Tallored Sults.....Vatue 17.60 Reduced to 12.75 New Serge Dresses... .... Value 11.60 Reduced to 7.75 New Shawl Coats. ...... Value $2.50 Reduced to 15,75 Lingerie Walsts. .. Value 1.75 Reducedto 1.00 New Tailored Suits Value 94.60 Reduced to 15.75 Russian Pony Coats... . Value 65.00 Reduced to 34.50 New Tatlored Suits. ....vaiue 27.60 Reduced to 18.75 New Silk Dresses. ...... Value 32.00 Reduced to 24.50 Steamer Coats... .Vatue 17.50 Reduced to 12.75 New Silk Waists. ++ Value 4.60 Reduced to 1.98 Model Tailored Suits. ..Value 29.50 Reduced to 21.75 ts, consis! of tye cbanpte Ente 94 6 euntber of manufacturers; furs at ices, en lots of new goods included. Many ‘manufacturers, knowing the tremendous selling power of these weekly events, offer us unusual opportunities to purchase large lots cheaply. This enables us Subway Bargain Basement Summer Dresses... ... Value ¢8-$9-$10 Reduced to 1.97 at the beginning of the|| Fall and Winter Coats. vatue 7.60 Reduced to 3.75 season iS chur Bod ex-|| Tailored Cloth Suits. ...Vatue 19.00 Reduced to 7.75 traordinary bargains. New Fall Coats. 6.75 These Prices are for Raincoats ...... 3.97 Summer Dresses... .... Value 12.00 Reduced to 4.97 veyed . Value 2.00 Reduced to 79¢ ICREDIT Ca NEW YORK. PS} 0 32 Years Loader SIXTHI AVE. 19°10 20° STREET. September Sale of PIANOS This is Piano time’’—and we are going to make it the st thing in the world for you to own a piano. The termsin sptember Sale make the offer a& good, or better, thana savings bank account. It is this: £% Fourth Floor. Beautiful Auerbach Piano A handsomely built piano, full a .00 n mahogany case, at the On terms of Only 35.00 Down and $1.00 a Week. You have never seen such value or heard a sweeter toned instrument, Absolutely Guaranteed for 15 Years, Use the piano a whole year—and if you so desire we will allow eyery dollar you Uhave paid to apply on any other new piano or player- We are bound to have you satisfied, special club price of Ladies’ or Men’: Clothing up 31.00 Down— Open Gaturday and TEtOUTTetHEEE nday Kventngs. Goods Delivered in Cnmarked Wagons, IMICHAELS BROS 5" Ay.— 9°51: BROOKLYN EDUCATIONAL, INSTRUCTION, Cc piano in our warerooms. D Other Pianos of Standard Makes for which we are agents are the Needham and Schumann, well known for IDEAL SCHOOL FOR BOYS nam OF, BUSY PARENTS their high merit among musical people. Sold on easy terms: Ninety Used and Exchanged Pianos Go on Sale To-morrow at Bargain Prices y instrument is in perfect order and tone and is absolutely guaran teed mention a few to show you what wonderful val Sohmer Upright for... ..#175 | Drucker Upri Jacob Bros. Upright for., 198 | Hardman Upright for. Haines Upright for...... 175 | Billings Upright for. Wagner Upright for..... 150 | Hazelton Upright for. Mason & Hamlin Upright, $150 Special Terms, $5.00 Down—s$1 a Week ‘Simpson Crawford Co., 6th Ave., New York City: he Number Over 200 High Class Apartment Houses located in New York's most select residential districts are illustrated and told about in The World's Fall Renting Guide More tl FoR SALE, — REAc ESTATE FOR SALE— | BROOKLYN. _ | ee caus ick GASH On Me RR TE he FLOOR han DOUBLE 170 BROADWAY, COK. MALDEN LANE the number pie Noe Nustrated and described in ANY rBIAMONDS ON CREDIT OTHER Renting Guide obtainable lh American Watch and Diamond Co. in New York City, except In The pet © Maiden Lane, ‘Tel, S867 Cort, Take beret World's “Album of High Class 50 DIAMONDS ON CREDIT > 4p" annual publica ction section only WATCHES JAMES BERGMAN, | 7 Maiden Lane the n attan will % Redu inger’s Model Homes The Way one of these complete mnely printed publica ull at any of The World es, where ted FREE; or 2d ad S cents for postag with Down STEAMBOATS. | Address Room 1(3, World Bldg., New York City 1 i, ay apa a Park and Ly, W. u uw He A Muller with Kings Highways SUNDAY WORLD WANTS WORK MONDAY WONDERS. | World Wants Work Wonders. i) AEARKN FOURTEENTH STREET Weat of Fifth Avenue Our Fall Stocks of Women’s Suits Afford selections from a large and splendid of the newest fabrics... . Fine, new suits fresh from the maker are displayed in the cases and tailored of trimmed in many elegant effects... .All the fashionable colors are 5 and, of course, a wide choice in black......1n many of the styles are extra sizes. PARTICULARLY FINE VALUES AT:— 10.98... 12.08. ..15.08...17.98...19.98...24.08 Others at Higher, Lower and Intermediste Prices This Is Children’s Week! Special Offerings in’ Boys’ and Girls’ School Clothes— everything from hat to shoes! Also CUT PRICE SALE OF SCHOOL SUPPLIES Every Day Is a “Sale’’ Day o—___———_ 9 The Latest In Men's Early Fall Needs Petticoats NEGLIGEE SHIRTS— For Women and Misses Pilaaras and Porcels So wear Petticoats of and Taffete beg he Fay) nek-attd- 2 Bilks—aleo silk Jersey coat a bepatiful a goode—black, a) snug fit—adapt 8, the now a.08 aaeP oF Gethin ia batoin Puvaneaaes "08) SILK NECKWEAR— wn Advance Ld be pred et ende—! ston Suegaauas Peabo frowns wad ee and other as dainty, youthful leah ne and eolore— SOT Sahc’and Berson’... ‘also lack “lengths 32 to 36— Fegular price $2.08 +40 T Misses’ School Petticoate— he New Models In havi, oud Colored Hee Dleome— @ Sstgons and sstingtiew orsets aths 82 to 36......... +69 © 1.69 long and ad recat tes lines that conform to demand Specials in Tollet Goods figure outlines. ...Many exceptional val- GO ct. Magde Cream..........seee ues like these:— 25 ot. Haserd's Cucumber Cream. Batiste ' 25 ct. uhards Tincture Bensol Cot ind $3.00 ne Sueno “ | 1.69 26 ct, Browne Dentitrice Medium, and oxtrs long agg. 20 ot. Java Rice Powder i nee 18 to conser rnrans Sis Hg USC ita oga.....} 298 ). Benzolt \d Almon jon 28. Complete Manicure Sa. Ree Megs 12ct. Orange Wood Sticke—dos..... Rew extreme long—eizes 18 to Strong Specialties in LARGE AND SMALL RUGS As a Special Early Season Offering:— 28.50 22.98 16.95 LARGE Gata! 8, LARGE AXMINETERS AXMINSTERS, 9x12 feet. x! i V6 feet. Seamed and seamless. Richest Orientals ue ai Newest Designs. and Florals. ‘§ make. Regularly $08.26. Regularly $21.98. Value $24.98 A saving of $3.55 to $10.00 per Rug—Deoes thai appeal te yout HIGH PILE AXMINSTER RUGS Latest Fall Designs 86x72— special. o——__—_—__ First Selection in New Fall Neckwear $5.00 Trimmed Hats Lovelier designs than ever in thee At the price there is not such fine dainty accessories at prices that de- 27x54— special. light early buyers:— le and quality in Greater New “Out aim is to, keep this Line| Couarsot eal ee Oreahet pecially in the lead for value, and Copuchia shape—also Corda) beter how well we achieve this can best be} snd round forme— their cual ry not to be found elsewhere under judged by inspection. to $19.98— Reve, ++, 08 #0 16.08 Shapes represent tho latest fan- eves 4 Real Irish Crochet Yok cies in velvet, satin, silk an velvet black, colors and, sombin Baby Irish pattern, with Omitting the ‘favored “biack-end- thas OF Found 65 10 9.08 Pte. nie tina titertniag viapeeneg | Hand made Macrame Lace tii ‘beholders.*. "Daily eddition of Corday and Sailor, with novelties ! Sef Ione rovers et gee ALSO THESE SPECIAL VALUES IN | New Plauen Collars in Pt, Veniee, EARLY FALL MILLINERY irish Crochet, Flat Venise, lexi ry) pe Corvieximescoee, di io thuluge-Capue eidey and reund splee—tor FOR WOMEN AND CHILDREN 's Black Satin Hats— y and round st. \ Wontrionrmed, large and smell— | Greases Or cots... oO 00 408 new high crowns and other 1.49] wow sido Frille—Batiste, Marquieette atylon—elsow here $2.00....... ) net, trimmed with Shadow Women's New Ready to Woar ‘al. or Crochet Laces— Uintelntmod tare and’ ama al widths... sess. 26 t0 1.08 els, with velvet o sie Heim and eaten, or ) 3.48 Silk Chiffon Veils satin draping Ml } Worth Spactel 1.19 Chitres é } $1.69 navy and cardinal } Soft f arte—value $2.60,.- Used also as scarts, being nearly two yda. Women's White Felts trimmed tas eee hee wale and untrimmed— all the new nree-ai Beautiful quality and colors—striped border. largo end amall shapes 4 aaa @ + MORNING SPECIALS—""izpi Brat Until 1 P. M. buying, quantities restricted. No Mail or Telephone Orders 59c Boys’ Pajama Fancy madres 1 noys' $1.98 To Extra wide Orient] de : Cenocsteny 29¢ Cambric ¢ Aled full satin lined all siges, ATS SECOND FLOOR. Wainta th tucks open FLOOR neOND ishions “27 itehing »Cambrte Drau emny'y, We 8, tue NDERWEAIE @ * Wrappers \ dain or Linen 1 ¢ domoe! s vai | DEUT SRCOND é MATN PLO, ive Meus Chambray Shirts 16k Huck Vowels vil hy TOWELS WAIN PLoon, MENS PCRNISHINGS— MAIN PLOOR Ide Men's Initial Wak'ts Se Salts & Peppers cx 7 JEWELRY MAUN MYANURGRCIIEPS MAIN FLO. )19¢ Millinery Ribbons 12): $h79 Girls’ "Shoes. 1.89 i oN MATS LOO R sO | f. rt gleather tine-buttoo. 1950 Koval Shantunow “a an sii SheOND BLOG SRIF, es Jie Bathroom Fixtures, ¢ Cotton Shadow DE THIRD FL LACKS MAIN PLO ¥ tae Bw 19 Fall Suitinas —seinon,.. 82 Ave aia Sat hee oe aa“ Uikia Yeh tnved and nie bocker’ fects—graga, s (SEMEN v MAIN’ FLOOR, ae Women's Cotton Hose la and ys brdor eae LOOK “OR THE CLOCKS! LOOK FOR THE CLOCKS! Clock Signs Denote Morning Specials