The evening world. Newspaper, February 27, 1920, Page 24

+ getnts and losses on the independent ‘Stock market price movements to- - €aF were again almost wholly gov- + Milled by money conditions, and after early snow of strength, renewed which carried of most stocks down substan- Bay below the final quotations of inet night Mine! stocks were again subjected to ie most pressure. Mer Of this selling originated professional quarters and was based om the poor annual report of the Cumpany, which closely 1 an equally poor report by Republic [ron and Steel Company. ®. Steel, selling ex. dividend, at time showed ailoss of about two Tt appeared The Stoneham WEEKLY MARKET LETTER every Friday since 1903, wovers the active either as an investor or specula- lace his name to receive a ald Sgr, she -of-value publi- steel shares extended to more than four points. The best exhibition was given by low priced railroad stocks. This was due to the announcement from Wash- ington that Attorney General Palmer had returned the railroad bill to the vresident with an opinion attached that the bill is constitutional, This has dissipated fears which existed that the President might veto tho bill, Money on call opened at 10 per cemt. and ruled at that figure through- oft the day. Much of the seiing} which came on the market following early morning strength was due to we Opinion held in banking quarters it the Reserve Bank statement to. awrrow will show aman if any im- provement in the bank's reserve powition. An effort was méde to create in- tere ocnl insues on the strength of the Vil Land Leasing bill becoming « law bur this met with small suc- cess, When the trend of the market | turned around mid-day the oll shares receded about as easily as the steels, motors and miscellaneous industrials, Liberty bond issues again reached hew low records, declines ranging from 2 to 18 points, The opinion is growing that the selling of these bonds f» coming from. business cone cerns who are forced to resort to this method of financing their busi- hess because of stringent credit con- ditions, In the late afternoon short cover- ing by professionals gave a firmer tone ty the market and prices showed recoveries from the lows, but the re- sults of the day's trading was, with the exception of the rails, against holders of stocks, Foreign exchange markets were practically unchanged. The cotton - ARIZONA SILVER MINES CO. DIVIDEND NOTICE. A monthly dividend of 3 per will be mailed March 15 to 1920, to stockholders of record market was dull and slightly easie The corn, sugur and provision mar ts were slightly higher. Trans- sections in the stock market totalied 1,200,000 shares. LIBERTY BONDS, 31-25 94.12, off .08; Ist 4s 90.38, up 16; 24 4 89.80, up 10; Ist 4 1-28 91, off 24 4 1-26 90.10, up .08; 34 4 1-45 12.38; 4th 4 1-48 90.38, up .04; Victory \ B-4s 97.48, off .10;4 3-48 97.48, off .10. EARNINGS. Kelly-Springfield Tire Co,— Year 1919: Surplus, after charges and Fede- ral taxes, $2,422,522, equal, after divi- dends on 6 and 8 per cent. cumulative preferred stocks, to $9.82 a share—$25 par—on — $5,361,978 common stock, against $1,707,735, or $7.65 a share on $4,907,200 common stock in 1918, Associated Oil—1919; Balance, after charges and Federal tax, $6,074,342, against $4,541,807 in 1918, Lehigh Valiey—January: Gross, $6,- 487,466, increase $424,912; deficit after tax, 414,790, increase $544,507; net op- fie deficit, $803,913, increase $45: , Quaker Oats Co.—yYear 1919; Net Profits after charges, $2,679,89: after preferred dividends, to 5 share—$100 par—on $9,000,000 common stock, against $3,502,688 or $34.79 a share on the $8,250,000 common stovk in 1918, DIVIDENDS. Keystone Tire & Rubber Company —Regular quarterly 3 per cent. com- mon, payable Apri] 1. British-American Tobacco Com- pany, Ltd.—Interim of 6 per cent. on ordinary shares, payable March 31. Yale & Towns Manufacturing Com- pany-—6 per cent., payable April 1, Boston & Maine R. R. Co.—$2 a share on the preferred stock, payable Ma-ch period of Federal control, the directors | Peters 10. By Miss May Christie: Begins in Serial Form in The Evening World NEXT MONDAY Begin the Story in Monday’s Evening World In the tangled skein of mystery and romance four hearts are twined together. Winsome, dainty and charming, Miss Shirley Marsh had given her heart to Dalton, the handsome and successful’ Chelsea art- ist. It was then that Lucille Deranger, actress and ad- venturess, with her strange, impossible story of the South African veldts, came into their lives. Burke, the unsuccessful lover; — pod gay young artist; the scheming Mrs. Arnold—all live and move through the vivid pe of this thrilling stor y Miss Christie, the bril- liant young English nov- elist. e a WORE! FINANCIAL NEWS AND PRICE ths Desking 19 te ie your yatres. Una fae he asd ings Mondays and ‘Thursdays st 3 F. M., Bi ‘at Gareanah “Gen for Piotids. end ‘all polute south, re, UNITED STATES RAIL- ROAD ADMINISTRATION FUNERAL DIRECTORS. —_—— It Helps To Forget By DR. BERTHOLD A. BAER to-do. Writes Miss L. M. M.: it was with a hea lifelike, it hel) would have had it in life.” of love for waimmanl by, The Funeral C happy as well as the heavy-laden. Ideal Route, New York to Savannah, Ga., and All Florida Resorts of June. White It's all a part of the by the Savannah Line and enjoy Py p trom Pier 35, N. B., New Y Teds FUNERAL DIRECTORS, The Funeral Church, Broadway at 66th Street, beautiful as it is, rich in treasures, exquisite in the carry- ing out of funeral arrangements, is not solely for the well- Those of moderate means are looked after with the same attention, the same anxiety to lighten sorrow and brighten grief, as are those more fortunate ones. ‘our article in the N. Y, Sunday Times, February 16th, 1920, was indeed true. Beauty is Consolation. The first day may sister and I went to visit the remains of our béloved mother, heart. However, upon arrivingat your wonder- ful plact, everything was so beautiful, and my mother looked so us to forget our heartache, for we will always re- member mother surrounded with everything beautiful, just as she rs, E. M. .. In the Funeral Church, Mr. Frank E. Campbell its founder, established a great monument of a heart full urch is open day and night, for the (©) 1920 | MISCELLANEOUS, Sharee. MIA, Low. ‘Bharve Mth, Yew! laa (200 Superior M11 1% 1% P08 Acme Coal . ” ™ ™ 100 Texas Cow! “ “ 100 Amer Candy % ” ” 410 Texas Pacific Coal ...05 02 o 600 AME Mawalinn Steamship 74 72% 12% | 650 Trinity On . © *% 100 Am Marconi mam. i 4% | 2000 United Tex O11 ... 1 " 100 Am Mafety Masor 10% WK 10% 600 Victoria Oil new . ™ 1% ‘1800 Armour Leather mm 4% 700 Vulcan OW . ™ % 200 British Am Chem, $s 8 8 | coowvoad. % 1% 200 Car Light 1 2% 3%! 200 Western stat eS 00 Central ‘Teresa 5 5 5 | 4600 White on . mM 1 8 oo 800 Columbia Kmoraid u o% MINING. + % | 4200 General Asphalt 1% 70° 180] p00 atse-Be Cot .cssecdee OO ! i. oo 38000 Genetyl Motors % 0% MM a9 cats ‘. ay 8 on et 2 Hee ine Pee 1% 12% 13%) s0°0 eMeteher Divide Wot, | mw eis 100 Mout Ward Co 22% 32% 39% | 11500 *Melcher Ext a 8 Bf 1% 1% + % 300 Nor Am Waper .. 8% 8% 8%] x0 mie Laden a rT i ed 3100 Orpheum Cireult 31% 30% 81% | 1000 eoown un 9% 1% —2 200 Perfection Tire 4% 4% 4%! 1150 oRost & Mont. ou «al =) eo 2300 Republic Tire tub 4% 4% 4%] 3500 *Bon Alnake e 6 6 = = 200 Root Vandervort mH 40 4% | 3000 *Caled Min 3S u“ u“ i] 600 Submarine Bost . 18 12% 12%] 500 Cenade Cop wh ih if a“ ee 1100 Triangle Film ....... the % — %! toon ee aes =~. 2. 300 US High Speed Tool ., 32% 82 | 32 900 Coa Virginia a a ws SY} 1000 0G Stee 00.4.5, 8% 8 ORT Be Creemen Gold a. & ty | oa oo ae S 400 United Picture Prods. 11% 11.41%] goog pide Exe o epee tae haired 2100 United Retell Caody is “ MWe 200 El Salvador . % ” mM — 101 face 100 'V Viviadon ino . ” Ww Ww 4000 Bareka Croesus " * 7 _ os ae 8 cadbescore od Be ot Tago Haureka Holy ae a des Wu sa 100 Wayne Coal teres 9% 9% -BKT+ 90040 Mining. 1 1M i. ae ca STANDARD O114, 100 "Golden ate ™ ” * 0-4 oie ze 10 Indiana PL. t om ot | seo cad so Fey a 8 | % 10 Routh Peon On . 001 soa? so 7200 *Gold Bilver rte “ We K+ & 10.6 Ol of Ca a2 ns 82 Gold Zone . a » Lid en+ * 10 Union ‘Tank 1. oe. ee ae) Heels Mining % 1% AME Seed. ial INDEPENDENT 0114, Hondaras Syn » u% 1% 1 Oe Allied OU, re ae “Knox Divide .. ¢ % cA ddl 1000 Amal Royalty Sse *Mokin Dar® a) ™e % 100 Amociated OU 1% 1%) 1M] 4100 MeNamnare € 18: 13% 13% CY 600 Bell Pete , % 4 1%] 1.0 stems Gop % oe [AL Gul & Wa IU Mm Ow |,2500 Boone Ou . 4% 4% 4 | 200 Marah tin ws 20 go | Baldmn Loco ..... 109% 1064 lu +1 2000 Boston Wyoming . Ife 1% 1%] 800 *Motheriode y So 50S | Matimdre @ Unio. 3S TH | 1800 Carib Synd 1 25-25] SOU * Murray Momridge .... 75 73 18 | Barrett Oo... U6% 15 UbK + & 4000 Comden & Co ms 6 Nipissing 10% 10% Matopolla Mining... 1% 1% 1% — te 4100 Dominion O11 ue 2% ‘Opbir Silver . 1” 1% Meth Motor ae De We-— % 9 Duquesne Oe 6% Ok Friuce Cob tt % Beth Steot T% TT Th — S40 1600 Fik Basin Pet . ” ™h m Med Warri “ Meth Steel B . %e 2h Mw + 2500 Ragineers Petroleum 1% ™ ch “Hex Cor . ™ % Hoots Visheries .... to% 10 ®e-—-% 1200 Ertei OU ” i’ i “Rochester Mines 4. w w 9 1 Kin Rep Tran .. 18% UM Wh + ibe 900 Federal O11 6 % Roper Uroup & % =f Wiklyn Union Gass, 0262 1000 Glenrock OU . 3% 3 Sliver King of Ari SHAR row sinve Co... 95 8... 6% + %& 100 Guffey Gillesle 21% st B Silver Lead «6. ft W thurs Bros, ‘ + % 400 Home Petroleum a% 3 ‘Swart Min 1 8 wuts Cap & tame + 4 600 Houston Ol 95 5 Mucus Min % 6 eo & Gepwior.. 3 ¢ * 4 400 Fludeon Oi “a “ Tonopah Belo ™ 1% Calon Cent, OH =” 4200 Int Petrol 654 4 “Tonopah Cash Boy 8 8 Varking we 800 Invinelbie 3 80 Tono Divide tye tte Calif, Aettokum 100 Inland O10. 8 5 ‘Tonopah eat 2% 9% 2K Gelet. INeevloum ux, -% 200 Key County Gas 1% 1% *Tonv-Jim B er) 4M Canela Fa os pa 4000 *Lance Creek ry ba “Tonopah Midway ihe ah 18 Leathe . % 000 Livingston 1 1 90) Tonopal Blin % Me Mh Cer De amo 200 Lane Star Gi 31-86% 37 | 2100 Tonopah Mlzpan MP 1ST | cuaratier abnor r ‘en 1000 Magna Oil 19 Towopah Itescue Bul #1 33) 2 lume & io,.... Bi Oh Oe & 200 Metropolita 1000 Se 8% Fh om Oe oY ly a HO + 600 Midwest Nef 1y00 © Se Fh UM AP OO OTH OH + 430 No Am OU e600 ee a ee, ae wo + 4% 100 Omar Ol) 5% Sim | Btoo % 18 Wonte rope. e 6-43 100 Pennok O11 . he 2000 *White Caps wf 18 18 oat use Week oe 9% 200 Phillips Pete . 7 W% 37 | 15000 *White Cap Ext . 2 2 2 OM. & Norn, By. s ~_ & 400 Red Rect 08 ... % — % 8] 6000 "Witter. ts et 40 Sh eee iss 18% 100 Miekard Tease... 141K Chine Uneue sc. on nee 1000 Tyan OU .. Me «3% BH] 1000 Allied Packer KH 16% C.6.6, & te “ ries 200 Salt Creek Prod Ch ae $900 Belgium Gov Oo St../... 98% 98 9%" CL, meaty... a Pon 400 Sequoyah Olt % ves | 300 Belgium Gov 6s ‘25 .... 06% 90% Bem Gut, OR ae 4 + 1000 Bimms Pet .. 30% MK at | HC CC & ML Louie e.. 8TH ATH 8TH CO EL Sommer a ae ke 1300 Skelly OM 10% 10% 10) | 5:00 General: leo 68 vs... OTM TH OTH COL Uae He oe Ae 300 Houthern States 1% 1% 1 | 8000 Anter RT Ts “« 8 « Re Bo poe 400 Spencer Pet 19 1819 | 139000 Human Gov Sie ssc. 38 82 38% Seance pel vorickien ae 109% | 151000 Mussian Cov 6% ...., 39 83 ut is : i WK 7 LONG ISLAND RR. CHANGES. |terge" Aven’... guepeed Mr, Hf." Ontueam Ou io igh pia how Superintendent of Station Service, alert | ao et Ss ta] will sucd@ed Mr. Woodward;, R. W. £ se mn Pere os Farrell, in addition to his present duties Oruitie Seat of. eu are te Number of Promot ua General Baggage and Mall Agent, Cela aee a bod ae Following a meeting of the Board of] ‘il! also perform the work now being Dane Tue + Directors of the Long Igland Tallroad| ‘ye bY Mr, Richardson, | Oo Pan bodies f ila Comapny’ to-day, announcement was tion of, the Transportation Department yen, made of the following ‘changes In force |of the Long Islan: ror ry Chanw® inn w Rio Gr. of. Py rere A &, ° jo Gr. wf. 15% UR 1% + March 1: To relieve’ Mr. Samuel Roa, cf titles of J. K. Savage, General Man- 190% Dh 20K — Preaident of the Pennsylvania Raiiroad/ Parker, Superintendent, to Aasistant uo 108108 — System, who had servéd as President of | General DS aed W. BE, Canning, 1% 4% Mh + & i, Assistant Superintendent, to ae tes elected Ralph Peters as President,| Superintendent of Passenger Service. Be BK + Teter H. Woodward, who has been|FTank E, Haff, who has been serving as Be 2% + of Rp f Federal Treasurer, has been reappoint- 1% 13% ry tO the Prosident since Febru-|ed Secretary and, In addition, will act Qe RY 905, was appointed General Pas-|as Assistant Treasurer of the company, “may 70% 70% o & 36 76% 16% 3 81% 81% s8 Ot 86% 86% OK ¢ 4 3% 13% 30 30% Tot, Mer, Mar, vt. 63% 81% RM AMinwrant Bee... Siwale aeates Od. Natwowl Actme Netiooal Antiine . “Nat, En & 8 Natiooal Lead Nerada Coud ... New Orlane TAM N.Y, Airtsraton,.. N.Y. Centeat N.Y, Dock... NYNU ARB N. 1.0. & W *Newtotk & Were, Nomiurn Pacific ys Nova Scotia Steel. Ono Cites Gas... oka, BP. & BR, Ynuine Sven oe... | Iautic Gee | teitic Mad... 31% SI the fan Amer, Getrol,. 82% 79% 81% Pom, it, R, . et eFecde p++teei il % % 1 thtte 1% “seeeee” % Et % 1% 2h twat, Co, Phone Wore Ou Im 17% Vit, Coat . ce BK Mem, & OW. Va mk TK TK Wood Cr, Gal... 1% IT 1TH Vrms Steal WH = Matias 09, MG % Punta Sagar Rail Stel Hay Comper Mewdtum . Neuimnion Ty 10% Keep Tron & Steel BOK B41 Noyel Deut N.Y. 100 8% Saxon Motor Sea, Air Line. Swockir Ob... 1 PELL tee leet ere test * * we % se % 1% Springs ‘< + + + + Shae Se, + 1% + ‘ + 3% —1 - % + % - %| StL & San Fran. 2 3 + 1% St. L & Southwest 17% 16% 16K — % Swerior Bleel..... 43 44k Shen T. & T...., BO Tes Ty — Tens Cop & Chem. 10 9% 9% — 2 1m — Texas & Pac 83% 3TH + ‘Tacco Prod. o 6 Trans, Oil... m% 2 + ‘trannies & Witems ST BT Union Pac 9 ne oe + Union Oi 31% 90 30K United Alloy 4 8% ONE H United Dre ee OH 1M | Unitat Fru > Wy ks 1 ' Un Ry tov Co 0% % 9% — % Un Rewal Storm .. 67% 65% 66 United Food . ao 6 of + & U, 8, Ind, Aloobol. AIK 76K UH +H U, 8, Real, & lm, HY 43% tiils U.S. Rurwer . ne -1 -*% -% +'% ars + % Car Olam... + % Vanadium Steel . + % Watush + Walbawh of, A + 1M Waraah of, B.. + % Was Maryland 11% + % Weet Vac Com .. 20K 284 + 1% West Pac Com pid 61 Werte Union oo +2 Westinghouse... We — Wheekng .....5 ue + % Ven: wos i , + % TESTIFIES AS TO FRITZ’S CHARACTER! Former District Attorney Perkins on Stand—Court Rebukes Prosecutor Martin. Character witnesses were placed on the stand to-day in the trial of Ernest Fritz, charged with the murder of Mra. | Florence Coyne, in the Bronx Supreme | Court before Justice Vernon M. Davis. Charles A. Perkins, former District Attorney of New York County, testified he had known Fritz since 1909 and had found his character above reproach. As Mr, Perkins was about to leave, Dr. George B. MoGrath, Medical E: [aminer of the city of Boston, walked in- to the courtroom, Seeing him, District Attorney Martin asked Perkins if he did not know Dr. “famous Troy ease.” This brought a rebuke from Justice Davis, who admon- | ished Martin not to refer to the Troy death might be at- ich Fritz why Mrs. Coyne’ tuibuted ‘to causes for be blame o.co. ALLEN—Passed on at his residence, 639 West 158th ast., New York Olty, Feb, 26, THOMAS LEWIS ALLEN. Services private, Please omit flowers, BRODERICK.—On Feb. 26, 8ARAH (neo Btaunton), widow of John and beloved | CRUDE OIL PRICES UP. Offer of $5.80 a Barrel Fails to Bring Out Supply. PITTSBURGH, Pa. Feb. 27.—The Seep Purchasing Agency to-day an nounce an advance in Pennsylvania crude oll of fifteen cents a barrel, bring- ing the price to $5.80, It is the first posted advance since the purchasing agencies announced they would not provide independent refiners with oll after March 16. “I don't know just what producers expect,” said the head of a leading company, “but these continued ad- vances are not bringing out oil. Very little has been sold since the price crossed $5 a barrel.” Later the price of Somerset Oil was advanced 25 cents to $3.50 a barrel. / » NOTE Norbert Rosenbrand, gformerly man- ager of the Foreign Bid Department McGrath from the of Zimmermann & Forshay, has opened an office at No, 29 Broauway to deal in foreign securities, The Stock Exchange has stricken from the list, Central Foundry Com- Jose again durimgg?the remainder of the pany common k, ordinary” preferred trial, [Sec | _In reply to @ question by Willlam J.| saperintemdent of Nurses’ School Fallon, of counsel for Fritz, Dr, Justin ey 1 Herold, grotensor, Gniveraity, explained | Amy Hilliard, Superintendent of Bellevue and Afied Hospitals Training School for Nurses, has tendered her resignation to take effect March 1.. She has accepted the superintendency of a | hospital In Troy. ‘Miss Hillard was guest fy the Board of Manag t a tea given of Bellevue and Allied Hospitals to-day at the Nurses Home, No. 440 Hast 26th Street, ane Jersey: Heads Eddecation Conk minvloner! CLEVE! mother of John J. and the late Mary! kendall, Commissioner of Education of Agnes Broderick. Funera} from her, late residence, 111 Weat 178th Street, Saturday, Fed. 28, to the Church of Incarnation, 175th Street, and St, Nicholas Avenue. where ® sclema mass of requiem will be cele- brated at 10 A, M. Interment Calvary. PURVES.—JANB, aged 63 (nee Conley), beloved wife of James Purves, mother of Bdward, Leola and Harrold Purves. Puneral from 398% Gates av., Brook- lyn, Sunday, 10 A. M, Services Satur- day, 8 P, M. Interment Lutheran Cometery. WOLFE.—-WILLIAM, Bervices CAMP- BLL FUNPRAL CHURCH, Broadway, GOth et, Feb, 28, 8 P.M New Jersey, was elected President of the Department, of Superintendence of the National Education Association in convention here to-day. Washington, D. C., and Cleveland are seeking next year’s convention and «preferential Vote may be taken late to-day, . —>——— Hear Sims's Charges On March % | WASHINGTON, Feb, 27.—Investiza- tion of Rear Admiral Sims's charges that the United States Navy failed to co- operate fully with the Alles during the war will begin March 9 with the ad- miral as the first witness, Chairman Hale of the Inquiry | Committee "an: nounced to-day, ecretary Daniels and other witnesses will be heard later, AND, O., Feb. 27.—Calvin M.' "MUST SLASH BLONS FROM COST FGOVERNENTO BST TES (Continued From First Page) @oes not take into consideration any ‘untoward contingencies. It is on the basis of unconfined optimism. MEANS $9 INCREASE IN EACH INDIVIDUAL'S TAXES Republican teaders and Treasury oMficials not only fear, but expect |that the deficit at the close of the | next fiscal year will run mp ty *4.000,- 000.000, an increase in indebtedness of $1,000,000,000 during the yenr, which would have been taken care of by a bond tesue or an increase in taxes. An inere: of $1,000,000.000 in taxes would add §9 to the Federal | tax burden of every man, woman | and child under the American | flag. |. The Government is costing every human being entitled to American citizenship $60 2 year now. An ad ditional load of $9 per tndividual | would umount to an increase of 15 Per cent. The prospect of raising ‘taxes 15 per cent. three yearn after the close of the war is viewed by Republican leaders with acute alarm That is why the Shipping Board, which for the furtherance of political ends might be called an udministra- {tion enterprise, created in 1916 by a | Democratic Congress, is under the | Republican microscope. <The question of saving mcney by selling Shipping Board ships and yards and machinery and taterial and winding up the business of the Shipping Board has been confused by the interpolation of the Govern- ment ownership and cperation question, If Congress had acted on ‘recom- | mendations made to it by the Ship- ping Tourd last June, when the trus- tees of the organization certainly figured their days of usefulness hac ended, the present general befuddle- ‘ment ‘would have been avotded. | SHIPPING BOARD URGED PRI- i VATE OWNERSHIP On June 10, 1919, Edward N. Hur- y. then Chairman of the Shipping Hoard. ‘und John A, Donald, one of the Commissioners, sent a communt- cation to Congress, the introduction of which reud, as follows: “To the Congress of the United States “Gentlemen—The — United States Shipping Hoard wishes to submit to | you its conception of the policy the Government should adopt in order to lenconrage the establishment and de velopment of an adequate merchant marine under the American (las; alxo an outline of the procedure and leg istation necesary lo carry out this Nie: pe he Shipping Board recom: rivate ownership and op- ate ea fundsemental: Holley eration fi commercial oth anal 3 The Government should, thorefore, contemplate commercial owning and tivies at the ¢ may be convenient and practical in order “A—To give our overseasa trade the full benefit, of com- petitive service; “B—To leave st tors free to render petitive service, and ‘0 impart to present and pros. pective steamship operators that contidence which they must feel before they can be expected to in- vest their, money in existing ships opera- com: NEW POLICE BOAT REACHES NEW YORK Nahant, Which Replaces Old Patrol, Arrives Coated With Sea Ice, Coatd with sea ice, the new police bout Nahant steamed through the Nar- rows this afternoon, to be greeted by the old patrol, known as “The Patsy,” which escorted her successor to Pler A. Capt. James W. Hallock commanded the Nahant on the trip from Norfolk. The boat was turned over to the Police Depurtment by Uncle ‘Sam's navy for the nominal sum of $1 in recognition of the herole work done by the police in rescuing the passengers and crew of the stranded OJd Dominion diner Princess Anne. On board were Inspector Thomas V. Underhill of the Marine Division, Lieut, Harry Dobert ‘and Pilot Sergeants David Burns and John W. Ward, with Srgts. D, J. Gross and John Smith and ten patrolmen. Srgt. “Qharles Pierce was wireless operator, $4,066,878 IS VALUE OF HILTON ESTATE Judicial Settlement Made of Prop- erty Left by Heir of A. T. Stewart. Surrogate Cohalen to-day signed decree judicially settling the estate of Henry Hilton, who inherited the bulk | of the A. ‘T. Stewart millions, The ap- | plication was made by the Central Trust Company, surviving trustee of the | trusts created under the will of Judge | Hilton, | According to the accounting accom- panying the application, the value of the estate is $4,066,878.09 and of the trust created for the benefit of Hilton's son, Albert B, Hilton, his wife and | children, $764,894.26, | The petition says that the jargest as- set ix a mortgage of $3,700,000 on the old Stewart Building ‘at’ Ohambers Street and Broadway, recently pur- chased by Frank Munse: Bei Aia es eee BURGLARS PLEAQ GUILTY. After being thwarted in their attempt to escape by way of Bellevue Hospital, Ramon Rodriguez and Adriano Alvarez, the Knickerbocker Hotel baurgiars, to- lay pleaded guilty to burglary in the first degree before Judge John F. Mc- Intyre, in the Court of General Sessions, admitted that they were both ex- convicts, ‘They will be sentenced Wednesday. ‘The maximum penalty ts life imprison- ment. \ sen enemmepatmeig, | ng: at and to place ths orders for new ips, without which the outlook for the American shipbuilding industry will not be encouraging. Then followed a detafled and com- prehensive plan for working out the policy And recommendations em- braced in the introduction, All need- ed legislation was outlined. The Shipping Board went so far as to draw up an act for the consideration of the Senate and the House of Rep- resentatives, which was submitted under the title’ “Marine Develop- ment Act, 1919." TR. f Stevens, Vice Chairmam of the Roard, submitted a minority re~ port to the Congress. He said that while he arreed with many of the recommendations m he disagreed with the emphasis laid on the im- portance of the Immediate sale and the policy indicated in the réport for handling the ships not sold. REPORT “BURIED” SOMEWHERE EIGHT MONTHS. Nobody appears to know what be- came of the Feport of the Shipping Board and its detailed and clear ree- ommendations. it was not until ten days ago, when the Commerce Com- nittee of the Senate, spurred on by the agitation of Government owner- ship advocates, took up the Shipping Roard matter, and after a cursory examination forbade the sale of the former German ships and ordered that they be reconditioned at an es- timated expense of $75,000,008, The Shipping Board report of last June has, been dug up by Conxress- men who think the Board’s plan of- fers unmeasured opportunities for real economy. It is explained that the report, which might have called forth constructive and intelligent ac- tion ander ordinary circumstances, reached the Congress at about the time President Wilson sent in the Peace Treaty, The Senate has de- voted so much time to the Peace Treaty and the League of that the Esch-Cammins Railr the product of a conference, is about the only piece of important construc. tive legislation that has been passed this far by the Sixty-sixth ress, The lust report of the Shipping Bourd covers transactions up to June 20, 1919. O'The report was not sub- mitted until Dec. 1, 1919. At that time the Board hid spent, or was pre- paring to spend, according to the fix- res, $2,625,451,000 out of §3.871« 900,000 authorized, ‘The Board an- nounced that jt wo dition to the $2. 51,000 aly Fone, or going, the sum of $675 3 BIG SALARY LIST IN SHIPPING BOARD ESTIMATES Subsequent to the preparation of this report the Shipping Board sub- Milled estimates for expenses during the next current year calling for $47,000,000. In the absence of def- inite figures, tt ts believed t Shipping Roard has used np about att the money authori: AON $2,560,- 000,000. The $0,000,000 capital stock of the Emergency Mlect Corporation, which was designed to be a fund to be held intact, has been spent, with the consent of Congress, but haw that figures in the totals of poss.ble ex- penditures for the purposes of the Shipping Board cannot be told with certainty until the affairs o f the Board are thoroughly investizated. The attention of memin ss oi Con- }Bress who are looking with devas. \tating eyes toward the Shipping Board has been called to the tale of festimates for salaries required for the next fiscal year for officials, ex- perts, clerks and artixans---essentially | Office forces—-and transportation and | office expenses required by sane, The total demanded is $1,441,909 { Of this amount, $492,900 a j for to pay the salaries of 155 officials and employees, who are on the pay- roll at salaries ranging from $10,000 to $2,100 a year, In the list are o chief counsel at $10,000, a general counsel at $10,000, a special expert at $7,500, an attorney at $7,500, an ase sistant admiralty counsel at $7,200, an admiralty counsel at $7,000, a spe- cial expert at $6,000, and two as- sistants to the Chairman, one at $6,000, the other at $5,000, Six other employees at $5,000 a year are listed as “attorneys, special experts and ex~ aminers.” PUT GOVERNMENT ON A PEACE BASIS, DEMOCRATS DEMAND Rigid Economy in Expenditures to Make Possible Tax Reductions, , ALBANY, Feb. 27.—Aside from the anti-Prohibition plank in the Demo- cratic platform and the praise of Presi dent Wilson and Gov. Smith that docu- ment declares a The Democratic Party of the Nas tion has enacted more constructive and progressive laws in half a dozen years than the Kepublican Party in half @ century, @ The record of the Democratic Ad. ministration in meeting the problems of the World War, in rawing an army of over two million men, in organize ing the productive agencies of our country to munition and feed that army, and: in munitioning, feeding and financing our allies to the limit of their necessity, constituies @ matchless monument to Democratic administrative efficiency, ‘Tax burdens must be reduced ime mediately and equitably rigid econo mies must be had wherever possible jin governmental expenditures. We demand that Congress shall speedily enact laws to readjust the machinery of Government to a peace basis. “Disloyalty to our Government and wanton attacks upon its official hoads must be met by a strong campaign of education which wail instill in every Man respect for our ins,.tu@ons, This apples to the citizen quite as well ag to the intending citizen. “Declaring our aliesiance to the poe 1 require in ad- ed litical faith of our torefathers, we oppese any restrictions upon tree assemblage or free speech, A “Democratic Party principles aro the best safeguard against the Bour- bon and the Bolshevik, the reaction- ary and the Red. ‘We believe in America, the hope of the world. the refuge of the oppressed, the land where shall ever be oppor- tunity for all who would enjoy our Institutions, but no room for any who |would overthrow them,” b d