The evening world. Newspaper, August 21, 1915, Page 4

Bg Spares fetimeted outlay for conenrwetian| ee Pens fied aimee the @ret of the om tor MLNS TOBULD HMESERMASES yeoterdey 4 haiders Kaclenges bat projets te be slanted aur inet pert of the your wll the high average volume of querer Housings ender imctw@e e's om of te for tie permome be mri Sent to the Observation Ward, f ¥ oO Ow eines for ote at b:4008 © in Greater Kew York Gaus ore] She Says She is Mrs. Big Supply of Loanatte Cash! in ores, Nw ork oe or , . Staris Projects to House [iitee “Nee for ew Jessamy Steele enw'ty TO SuULLO -——-—- 000 Persous | t 250, VOR wasess. | A woman whe sere ahe te Mee dee j * are remponsibie tor the! Ry 4. tte ' Bome-utlders are feeling (be stim: , 5 ~~ toa os t tus of war prosperity | ° mart, Od went te the obe Z 1 a “ . ar eves Mor jon five § ie SS A come on wD Sen tt S ward Kelievue Morpital ft t euses te Dew siructures throwebowt hoe way the women ie ® promt (Be Metropolitan istrict as the | eels of this year's work There are re Gly twenty-fve cities in the coun | OF larger than | *P* a ber. by Brooklyn te housing ook | number of persons 2 tha plans being 31,706 0 Now Nate tt the largest tal ———S-_— BOY HELD AS JIMMY GLASS, Child ts Taken From Gypsies tn at a cost of’ $12,690,000. welling for 970 are comting $899,600. $9,962,600 TO HOUSE 12,000 PER. BONS IN MANHATTAN, Manhattan is third in the vo! of flat paliding. but its projects - in cost and houses of the nine tory to tw story types predomin: tine Ite calls ie an outlay of $9, o1une 12,000 apartinents ly i peer volume, the or an outlay of $356, homes for barely 40 pe with a band of gypsies near here by been taken into custody by the toes police and two Pittsburgh detectives in the belief that he ts little James Dougias Glass, missing son of Charlies Giass of yy sple in the couple ae their own ey are of warthy comple xi iy ae eel Published descriptions of ttle value, ihe poller aay, be- the child would he has been "rivate although the a Projects in many sections, es, dwellings, of it Dec! STATEN ISLAND NOTES. Borough President Van Name has announced the appointment of Henry P. Morrison to be Commissioner of Public Works, beginning Sept. 16. Mr, Morrison succeeds Spire Pitou jr., resigned, The new Commissioner was Chief Engineer of the County of Rich- mond before consolidation, and occu- pied the same position for the first four years after Staten Island became a part of the Greater City. Daniel J. Riordan, who represents nm Island in Congress, was a visi- Rorough Hall yesterday. Jer wa) City alstrict to be opened byt Awollings for 000, flats for are the Hudson River, $8,649,000 sing into Bprnnel jal construction to ouKe 24,1 reons, as a result of lane filled ae ng ‘he | reey quarter of the metropoMta corey rarsees Te: a ¥, Hobo: . Her | commitjee for the adoption of the pri- y call has been set f y in New ¥ Boston, Mass, August 19, 1915. Te the Noteholders of the Boston & Maine Railroad: ‘The holders of notes due September 2, 1945, are asked to extend these motes to Merch 3, 1916, on the following terms: (4) AMY HOLDER OF NOTES MAY EXTEND THE AMOUNT DUE THEREON UNTIL MARCH a 4946, WITH INTEREST DISCOUNTED AT THE RATE OF 6% PER ANNUM, OR (a) MAY HOLDER OF NOTES MAY EXTEND 80% OF THE AMOUNT DUE THEREON ON THE TERMS STATED ABOVE AND MAY RECEIVE IN EXCHANGE FOR THE REMAINING 20% FIVE PER CEN? GOLD NOTES OF MAINE RAILWAYS COMPANIES, DUE APRIL 4, 1919, AT PAR FLAT WITH OCTOBER 4, #918, COUPON ATTACHED, OF WHICH ONE-HALF WILL BE NOTES CONVERTIBLE AT THE OPTION OF THE HOLDER PAR FOR PAR, INTO MAINE CENTRAL RAILROAD COMPANY CAPI- TAL STOCK UNTIL OCTOBER 1, 1918, AND THE REMAINING ONE-HALF WILL BB NON-CON- VERTIBLE. NOTEHOLDERS WILL BE PERMITTED TO INCREASE OR DECREASE THE PERCENT- AGES OF “EXTENDED NOTES” AND OF MAINE RAILWAYS COMPANIES NOTES. SO AS TO OBTAIN SVEN MULTIPLAS OF ONE THOUSAND DOLLARS. During the fiscal year ending June 30, 1915, by strict economy and with the partial benefit of increased and freight rates recently granted the road was eble, notwithstanding a decrease in operating rev- 4,489,236, to come within about $334,000 of meeting tts fixed charges, as against a deficit of 4a for the previous year, While this improvement does not remove the necessity of reorganization our belief that If a consolidation with the Leased Lines can be effected on equitable terms, financially strong corporation will result which will be to the greatest advantage of all. HW i If granted, the extension of your notes now asked for will not in any way diminish your security, as mortgage can be placed upon the property without securing your notes, ahd it will enable the manage- to continue Its efforts toward a sound reorganization, under favorable conditions. Should holders of & Maine Notes who accept Plan No, 2 desire notes of Maine Railways Companies in excess of allotment of 20% they may be permitted to Increase their holding of Maine Rallways Companies Notes decrease their Boston & Maine Notes accordingly, from any of such notes remaining in the Treasury. In ease of applications in excess of the amount of notes available, allotment will be made as far as practicable upon 4 pro-rata basis. i. ie Acceptance of the above offers 's to be construed as conditional upon action by the Directors, not later than September 1, 1915, declaring the plan of extension effective, NOTEHOLDERS ARE REQUESTED TO INFORM THE OLD COLONY TRUST COM. PANY, 17 COURT STREET, BOSTON, MASSACHUSETTS, BEFORE 2 P. M., FRIDAY, AUGUST 27, 1915, WHICH OF THE ABOVE ALTERNATIVE OFFERS THEY RESPEC. TIVELY DESIRE TO ACCEPT, AND TO STATE IN THEIR LETTERS GIVING THIS IN. FORMATION THE NUMBERS, DENOMINATIONS AND DATES OF MATURITY OF THE NOTES HELD BY THEM. NOTEHOLDERS WILL SUBSEQUENTLY BE ASKED TO PRESENT THEIR NOTES FOR EXTENSION OR EXCHANGE, By order Board of Directors, ——_____EBE. SV SSIs F988 (Written Cepeciaily tor ‘ ot popular groupe and not by) possible t ‘oelve an ¢ ‘These possibilities have been capit 19, the price it was selling last Mareh, | to 48. The 313,500,000 common stock of the company is selling for neariy two and & half times as much es it sold five tally. continue to be discussed in specuia- tive circles, but they do mot appear to be any nearer fulfiiment than they | were five moaths ago. Several tines, particularly within the past month, report has bad it that negotiations for war contracts were all but closed, As,a matter of fact, in Stock Exchange circles these | contracts were actually closed the trouble is that they we only in Stock Exchange cir company had not even heard of the pending contracts, which, according to report, called for something lik $85,000,000 ‘shrapnel and high explosiv whelis. The Railway Steel Springs pany mauufactures steel tired Jocomotive and car wheel! eel springs for cars and loco- teel bars, shapes and vari- | iron and’ steel articles Five of the company’s twelve plants | are engaged in the manufacture of steel springs, five plants manufacture | ateel-tin els and two planta manufactu: ol tires. he com-| pany has annual capacity for} turning out 166,000 to: of steel springs, 10,000 wns of steel-tired Wheels and about 160,000 tons of tires, The company Was incorporated in 1902 in New Jersey. ‘The Latrobe Steel Company was acquired in 1906 and the Inter-Ocean Steel Company in 1911, The capacity of the company was practically doubled by these ac- quisitions and was brought up, to its present figure of 376,000 tons annually whe wolng full, ‘om. ay Steel Springs Company has $4,760, 000 bonded debt. There is a first mortgage of $3,401,000 on ee Latrobe works in Penns: which bears 6 per cent. interes! and which matures in 1921; and there is a $5,865,000 first mortgage in the Inter- Ocean pions, at Chicago Heights, Li which also bea: per cent, interest and wh! en matures in 1931. Share capitalization consists of $13,- 600,000 7 per cent. cumulative pre-| ferred stock and $13,600,000 common stock. The preferred always received the full rate of dividends to which it Js entitled, but the common stock bas the last thirteen years and in no one year*has disbursements exceeded 4 r cent. Since 1908 only one dividend as been paid and that was 2 per cent. in 1913. Since that time stockholders have been insisting on another common dividend payment. In fact certain directors have insisted, without avail, that another payment be made. Ouse cause the board would not order an- other dividend payment. Subsequent events have proved the | wisdom of their policy. Owing to a |lack of railroad buying business of | j company has been very poor dur- ling the past two years or more. In| 1914 gross earnings amounted to only 14,361,000, or less than half of what it in 1912, and a decrease of 54 per nt, When compared with business bandied in 1908, Stockholders have been insisting on | dividends, although the management | during the past two years has not been | jable to Proper and necessary |charge against earnings for deprecia- jtion, Not only was the lable to show ‘averaged only about ent. on the preferred stock In other words, in order to make up the preferred dividend for thes years the company had to dri ONE ROBBED, TWO ARE | CUT IN CENTRAL PARK Brothers Who Come to Rescue of the First Victim Are Badly Hurt | By Footpads, Who Escape, | While walking in Central Park, near Fifth Avenue and One Hundred and Ninth Street, last night, Richard Henry, forty-two, of No, 240 West One Hundred and Twelfth Street, was uttacked by several hold-up men, He was going northward when the men leaped from behind bushes and seized him, After the men had taken Henry's watch and $15, one of them hit him in the face with a@ biunt instrument, knocking him down and outting him | ‘Michael. Debonis, twenty-two, and ‘Thomas, bis brother, twenty-four, of No, 26 Kast One Hundred and Ninth Btreet, ran up and the eves at- tacked. The brothers were stabbed in the back and seriously Injured, treat. [er n of possible promts | miler th ned by an advance in the stock trom |W: received @ dividend in only four ot|® director resigned early last year be- | 7 we ore ee LD, SATURDAY, avever The eurpiue earning vening World) f~« Ow! the un d largely f There recently has been « demand r tteel springs from Kurope and business foi of the stock If you want to give your youngsters a treat that they will remember, make up a lit- tle reo Pinan and take the trip up the Hu il all day if you atthe or fo ashore and picnic; take the ri up Mt. Beacon—visit the amuse- ments at Orange Lake. $1 SUNDAY $1 th, Poughkeepsie & Return Newburgh, STR. ay B. ODELL” Len OA. M.. tor tur ii i UND TRI RAL HUDSON LINE —- Jron Steamboat Co |NO LANDING AT W. 23D ST. PONY. AM $0 ON The! Deep Sea Fishing Str. M. CONEY ISLAND Nos Ph Ad pporn, STREET. | 3.80415 *1p, 5708 oP. Heket office of the IRON TC HW OSTREET *WOCKA WAY BEACH “- “GRAND REPUBLIC” er M; Bese hixtina™s rrr. any oma Man, ba ahs ai 35 bis.’ EACH War | Re EXTRA 1 RIP sort, Arcee Leave a, Ar, nd 63d ahs Su. CHLOE, ie MAK¢ sontke LA RMEETS. Oy, ia ny 4 Prity, Daily, Children, wanders pnd ‘Holi chia, nite. As the highwaymen took flight Pa- appeared, too late to hel, De Jennings of Be me men ware Be called’ ion trolman Lotterhaus of the Hast One Hundred and Fourth Street Station Fi tal and | COOL BEACHES. | SURF BATHING. ROCKAWAY BEACH AND LONG BEACH, rain service ri, Lang Inland. fe Sy n PHYSICIANS ARE NATU- RALLY PREJUDICED geist pregrietary of adver- treed med the sale of hese remed thei comes However this may he, the general public is benefited ty the use of such standard med)- ines as Lydia E. Pinkham Vegetable Compound, with it wondertul record of thousand ot cures among suffering women, We are very glad t ny, however, that there are hundreds of honest physicians in the United States who & not hesitate to recommend uch medicines, dec ream the serious #0 | likely to follow an ailmentof the tive organs, —bilousness « ve Lad gate you can rely known corrective | Becchams Stellar In Editorial Section: Why Not Join the National Guard? | Gen. O'Ryan, Commanding the New York State } Troops, Discusses Patriotism and Get-Rich- Quick Soldiers in an Authoritative Article About Why the Average American Does Not Take Kindly to Military Discipline. her Pills GTEAMBOATS. HUDSON RIVER AY INE ALBANY DAY LINK) . Direct rail | ab ition Potbt, "Calenl, eq brogeen ty 9.40; W428 By. 1) alin, Weat Point orn salt, mT to Ponghkeensle. New- ‘int or Bene Mountain, ‘Aft rnoon Boat “RUDERT 0) Telephone Spring—4141, SUNDAY TRIPS| FALL RIVER LINE MANAGEMENT STEAMER CITY OF LOWELL TO ae Leare Piet 40, 8 10.00 Mul nildren, 50 centa, at Plers on day of w England Steamship Co, LOCK a B EVERY SUNDAY. Via Loss isleod &, i te ik, KEANSB Barter Daily nae 15.6.45, M buo.edd (an 4.80 25¢ COUPON 25¢ CONEY ISLAND ROCKAWAY BEACH mantel at Ticket Offices of fit SPEND SUNDAY, AUGUST 22, IN THE MOUNTAINS Mauch Chunk Switchback Apecial train learer: New York ii. tk Jackson AM. hath yd , i 8.10 AM. teat Ra PWR 8 tH 2 keer eakeres poteenien lenve © 3) 38, Dintngroom, Lunch Coqnter.Refreshun'te A Remarkable Picture Comprising the Most Striking Features of Four Famous Beauties Done by Coles Phillips, the Well Known Portrayer of Beautiful Women. The Striking Picture in Colors, and How It Was Posed For, IN SUNDAY WORLD ILLUSTRATED MAGAZINE TO-MORROW. Other Magazine Features: How Science Explains “Wonder Children” Who Grow Up to Be Great Men or Women. Tragedies in the Lives of the Tousey Family Rivalling the Dime Novels They Published. Princess Vicovaro, “Last of the Cenci” Family, Which Has Been Famous for More Than One Thousand Years. Modern Machine Warfare and Defensive Devices Which Have Proved That Invention and Science, Not Men and Valor, Win Battles To-Day. New York's Unprecedented Rush to Gamble in Skyrocketing “Boat,” “Steel” and “Can” Stocks Which Are Making War Millionaires Overnight in Wall Street. Hayti—the Oldest and Most Representative Independent Negro Government on Earth, Beautiful 8Page Gravure Section of World Pictures. “FUN,” tue Joke Book That Makes Dull Care Step Lively, Comic Section Featuring Hans and Fritz, Hawkshaw, Newlyweds, &c. Exclusive News and Pictures From Vacation Lands. Words and Music of “The Soldier’s Prayer,”’ Written by Pope Benedict XV. In Metropolitan Section: FUNNY FRUEH Pictures What He Thinks Will Happen if the Suffragists Get All Women to Stay at Home for a Day. How the Song Publishers, on Outing, Worked a Jitney Piano “ Nearly to Death. New Matinee Idol on Broadway. Dimples. School House Dance With Two Weddings and Five Engage ments to Its Credit. Ernest D'Auban, Fresh From the Trenches, Comes to New York to Stage a Big Spectacle. He's a Blond, With All and Much More in The Big Sunday World To-Morrow!