The evening world. Newspaper, April 26, 1920, Page 10

ued from Fifth Page.) their Amorican dander and wrath and profanity? eame day a Texas cotton me he bad to go to the © works in order to pay the ery bill for which be went in ile rataing his 1919 crop, 1 @ New York newspaper that profits of the Amoskeag MMfils for 1919 were seven Sreater than those it cleared and that its 1918 profits wore times greater than those it tm the four years between 1912 All this, over and above for taxes, hirh cost of and materials, and all the otber ‘whieh we are commonly and informed are responsible exorbitant prices this and ©orporations are allowed to the American peovle for the evessities of lite. RANT PROFITEZRING IN ON AND COTTON GOODS. Seculation and profiteering and cotton goods has been flagrant, scandalous. The Press, just a few days ago, the information where all the might read, that the Belton Mills, at Beltot, 8. C., had de- & dividend of 100 per cent. and the Easley Cotton Mills of 8 C, had declared a stock of 300 per cent. is equally well known that the committee investigating the of liveng was recently pre- sual and auricular and the store was about the retail is so high that FR QUOTES EVENING WORLD ‘WAISHMRGES OF POFERNG ernment that could whip the Ger- mans 4,000 miles from home and wreck the German spy system ia atrong enough to stop this wholesale Pillage of the people at home and so remove the cause of strikes and uu- rest. “The Wall Street Journal publishes a list of sixty-two corporations which declared stock dividends aggregating $321,009,952 during 1916, 1917 and 1918, on which the Government will now have to refund income taxes, Stock dividends of millions of other surplus Profite that the Supreme Court has ruled are principal, and therefore not taxable for income, are being made daily by other corporations. PRESENTS A LIST SHOWING AMAZING PROFITS. “As further conclusive evidence of prolonged and unconscionable profi- leering by great aggregations of capi - tal, I offer this list of corporations that have recenuy stock dividends ranging {m amount from one-fifth of their total investment to double and triple their entire capital. Note the high percentages: “Continental Oil, 200 per cent.; United Fuel Gas, 200 per cent.; Ohio Fuel Supply, 100 per beat § Nonquit Spinning Com 1 Amoskeag Company, 1 cent. lotors, 100 per Nashua Manufacturing Com; Rez, nt.; American Ti ity pire 4 75 per cent.; Manomet Mills, 552-3 por cent.; Hood Rubber Company, 66 2-3 per cont.; Crucible Steel Compan 50 Err cents Gleveland-Aleren, bag, Per cent.; Union Bag and Pa 50 per cent; Autocar Company, , 40 per cent.; John R. Thompson Company, 331-3 per cent; St. Maurice Paper Compan per cent; F: W. Woolworth, 30 per gent.; Electric Welding of Boston, 2 per nt Delaware and Cl land, or Cay Hawaiian Pineapple Company, 25 per cent.; El ie Welding Company, 25 per General Chemical Com: Per cent.; American 20 eet cont; Truscan 1 rd Oil Company of oently increased its capital from $1 to, $80,- 900, giving ite stockholders ‘a stock dividend of 2,900 per cent. “Also, it ts instructive to learn that the National Candy Company's earnings last year showed an in- crease of 546 per cent. over 1916; that Burns Bros. the largest retail coal deaters in the United Stages, made a net profit of 40 ts against 38% cents in 19: earnings of the United altel 2 Fetiacson ug Com- pany, doing a business of $50,000,000 annually, were 242 per cent, greater than in 1916; that the American Ice Company, Which cuts ice by the mil- lions, but not profits, has in the last four years increased its earnings 283 tod cent; that the International ‘otton Company, doing nearly $8,- 000,000 worth of Ousiness last year, made 39 per cent. more money—al- though it sold 20 per cent. fewer goods; that the Pacific Mills’ out- put of cotton and worsted dress goo™ produced per cent. more profit than in the year before the war; and that the excess profit sur- plus of United States Steel—the surplus remaining after dividends— * |ateadily going higher and the price of agrregated nearly $600,000,000 in jast five yours, althoumh $315,- ‘These patriotic melon raisers, wh bave made theif millions and mil- ong du nd since the war, now are uring that the soldiers’ bonus be raised by 1 per cent. tax on sales tu be paid on every dollar spent by every man, woman and child in the country, including the ex-service men themselves. In Ly J rem ¢ is, from exce ind from the profi is needful to je acrificed mw their countrymen, in time of war. “It is @aid the poor man's luxury is tobacco. Its use is so general that tt is even considered a necessity by many persons. It is interesting to note in this connection that the con- tribution to good government of the Tobacco Products Corporation is & dividend telance showing a rise of 1,647 per cent. over its 1914 profits, which the smoker had to pay or go without this solace. ‘Smokers generally will be inter- ested in learning that the General Cigar Company, which, in 1906 ac- utred the property and business of the old nited § Civar be oe A amassed a net income of Mu“ cents on each dollar of sales in| 1917, amd in 1919 this had'.¢rown to almost 38 cents, notwithstandin, nearly ali 7-cent cigars in the market; have recently been advanced to 8) cents retail. “Other upholders of government and befrienders of the r are the Amert- can Hide and Leather Company, whose profits for 1919 were more than three ond one-half times larger than those it gained in 1914; the Central Leather Company, whose 1919 profits more than double those of the same months in 1918, and the Endicott- Johnson Shoe Manufacturing Corpo- ration, whose profits rose from $2.) 174,430 in 1915 to $9, 80 in 1919, “In terms of dividends on its com: mon stock, last yeur’s profits of the American Hide and Leather Company increased from 44 cents a share in 1915 to $15.62 a share in 1919, or thirty-five times the earnings it distributed in| 1915, and they were ample. “During the first nine months of the same year, while the Government was hunting high and low for rampant profiteers and the price of shoes was hides was ag steadily going lower, the net earnings of the Central Leathe: Company increased 65 per cent. or about 103 per cent. over the average nine months of 1918, Its accumulated m $7,760,000 in 1914 to more Instead of less. MILLERS SHOW HUGE GROWTH IN PROFITS. “For four years wheat farmers, as a whole, have litle more than broken even, The size of the American loat has been reduced for the first time in history, and the price has been nearly doubled. But the net profits of the fifteen plants of the Standard Milling Company have been in 100 per cent., but not because of 1 wages and taxes. “The National Enamellipg and Stamping Company makes kitchen- ware. Prior to the war It suocess- fully met the severe competition of Germany and earned a fair return on its investment. In three recent years it his run up Its net Fad 326 per cent., because it could hold up Amer- ican housewives and there was no oT to aay it A Wall Street re- port says this company earned in the The Store is closed at 5 P. M. daily B. Altman & Ca. MADISON AVENUE = FIFTH AVENUE, NEW YORK Thirty-fourth Street A Special Sale of ©} Mohair Plush Motor Robes | 4 to be held to-morrow, on the First Floor will offer values not usually obtainable so early in the season. These Motor Robes, suitable for Spring and early Summer use in the open car, are in plain gray, blue, tan or green, Thirty-fifth Street : PEATE ET 0a ope Ee" month of January alone enough to pay all its fixed’ charges and pre- ferred dividends for the year. “1 have recently received a letter from Lakin C. Taylor of the Pitts- burgh Tin Plate and Stoel Corpora- h Tin Plate and nts or offices in Pittsburgh, New York, Phil- adelphia, Chicago, Baltimore, Roch- ester, Cleveland, Buffalo, Cincinnatt, Columbus, Albany, Newark, Toledo and Syracuse, offers to sell me or my friends some of the Pittebungh Com- Dany’s stock. it writes me under Stan of M 27 last that additions nnexd r mills should increase Present earnings oyer 300 per cent. And, as if this were not sufficiently inviting, points out that ‘every oper- ating tin-piate and sheet-steel mill bag made enormous fortunes for its stockholders, many of their common whares selling at 7,600 per cent. pre- ium,’ “A similar stee? company,” so the letter relates, “organized by ‘the head of this corporation, earned .77 per cent. last year, and the holders of the common stock made a profit of over 1,000 per cent. PROFITEERS BUSY WITH SUGAR PPLY. “Profits of the American Sugar Re- fining (Company were confeaged! $15,000,000 for 1919, compared wit 12,000,000 for the preceding year, al- though this corporation's share of the business in the United States had dwindled from 60 per cent, in 1900, when {t had virtually a mo- Ropoly, down to 27 per cent. “During the last few years the sugar companies have declared stock dividends from surplus profits aggre- gating millions—on which Uncle Sam must now refund income taxea—be- sides regular and excessive cash divi- dends. Even the earnings of the American Beet Sugar Company are expected to show profits of $18 a share for 1919, compared with $6 the weceding year. And. sugar is tak- ing another leap skyward, probably to increnso the billion of ‘dollars to be exacted in higher profits this vear from the American’ people, Mean- while sugar imports from Cuba ex- ceed the capavity of the refineries. “The humble banana controiled by the Unfited Fruit Company with Its fleet of twenty-three ships, has be- come a kingly’ profiteer. Its net earn- ings for fifteen rhonths, ending De- cember last, equal 40 per cent. on $50,- 000,000 of stock outstanding, roundiny: up a surplus for the last fifty-one months equal to nenrly 122 per cent Tf $10,000,000 set, aside as a war risk reserve fund are added, the total sur- plus that the United fruit Company has piled up within the last four years would amount to 141 per cent. “The need of drastic action by gov- ernmental agencies in the enforce- ment of the laws we now have has been increasingly evident for months. We already have laws against -profi- tering. If those charged with en- forcement of these laws will see that (9 #0 1334) the profit hogs are sent to jail, prices will soon tumble, The United States has become a robbers’ roost. Greed has become morally and criminally lawless. In self-protection we must find the remedy and apply it.” FRANKLIN Simon Boys’ SHops FIFTH FLOOR Just to prove that Boys’ Shoes need not be expensive we are featuring these prices— $ ge and $e They are modeled on a safe-and sane last, in black'or cocoa brown leather, and tipped and soled with theindestructibility of Korry Krome. Best of all’ they are low in price, marked closely. A limited number of Boys’ Blucher Shoes now being closed out at *52 and *6% Franklin Simon & Co. Fifth Avenue, 37th and 38th Streets Boys’ and Children’s Haircutting Shop—Fifth Floor What we do to our own satisfac- _ tion, in our modern 18-story building at Irving Place and 15¢h Street, we are prepared to do as satisfactorily for large Office Buildings, Hotels Apartment Buildings Lofts or Factories In our building the average weekly hot water requirement is : 35,200 GALLON! which takes care of 250 hot-water fix- tures in the numerous lavatories and © wash-rooms; also dish-washing machines and hot water outlets in the Company’s kitchens. The Gas-Fired Steam or Hot Water Boiler is located in the basement and is auto- matically governed by a thermostat and an automatic fuel control governor. Hot. Water Sauoly in ur Own Building AN UNINTERRUPTED ALL-YEAR-ROUND SERVICE CONSOLIDATED GAS COMPANY'S BUILDING Irving Place Corner 15th Sereet We would be pleased to have you visit and study this Hot-Water System Herewith we give the FIGURES FOR A COMPLETE WEEK, the result of observations taken over an‘extended period during Summer months: — 4H E A STORE OPEN 9 A. M. TO 8 P. M. R Tuesday Hike SHIRT SALE! 1200 Men’s Arrow Shirts 2400 Men’s “Stylwear” Shirts ee ae Our regular $2.25 The man who buys now at this good value is sure of his Summer supply of smartly made, immaculate shirts, and he is equally sure of saving money in a way he could not do if he bought them at the regular price. ) Shirts are. percale and corded materials striped in many new effects, and pleasing colors. All have soft cuffs. 1200 - Men’s Knit Ties 1.09 Our regular $1.48 Every desirable color and combination of colors, also black. See Page 21 for Other Hearn Advertising. | CRANWANNBRO fos NORTHWEST CORNER SIXTHAVESIS Str. —Need New 18 Remi Secretary Furniture? William and We have just what you mere pee want, whether a complete Seen aes home outfit or a single piece, and at = surprisingly «low prices. “We Make Terms to Fit’’ Flain Figure Tags on Everything Motor Truck Deliveries Everywhere or Mahogany \ Queert Anne Period Jacobean Oak Suite Nine pieces, consisting of Buffet, China Closet, Serving Table and Dining Table, 48 inche: ide, 6 foot exter one Arm, $@% 6 9 vee five Side Cha Chairs have ‘slip » of genuine leather; as illustrated ere A ea ey Kroehler Kodav x! "Mahogany frames, upholstered in Gieennouit Bed Imitation Leather; makes a full size e d when. open; Tworinch posts, heavy cross, rods, this FA ghey include > 9” Bye heavy. Hert, four feet and ena mattress; at... .4... eet wide; only 4 § a OPEN SATURDAY aay Oe 16 EVENINGS WW Con O" AveslS"Sr, ++ 35,200 gallons 69,200 cubic feet 65.8° Fahr. 136.0° Fahr. Hot water used... Gas consumption . Number of degrees water h Temperature of water deliv ORE EGA posed 7 ua eee eRe Subic fect of gas per gallon of water Gallons of water ee for ONE CENT. . —~—~ MYSTIC CREAM ~ Makes the Skin, like Velvet with reverse side in the same colors; and in plain gray, blue or tan, with reverse side of ombre-stripe effect. Price: $27.50 There will be on sale at the same time A Limited Number of Woo! Motor Robes, in plain ¢ ered . We were the first to make a non-greasy, vanish- ing ‘cream. We called it MYSTIC because of its { marvelous soothing and beautifying qualities, | We are enabled to-furnish you with other detailed figures. For instance, the Figures for the Maximum Hour and the Averages Based on the Daily Requirements. We can closely approximate the cost for the gas to furnish your building with hot water this Spring and Summer. Without advertising, it has grown to a big d, for women couldn't keep the “beauty Get a jar at any good drug Send for Free gray; and Imported and American-made Steamer CONDITIONS WARRANT TAKING THIS SUBJECT UP WITH US NOW says or department store and try it . Aone OrniGa One application will convince Rugs (also desirable for motor use) in attractive Ask to Have One of Our Representatives Call Pepe Nes |i See a coe will ageina ater: | Waid designs Consolidated Gas Company of New York Works like Witchcraft GEO. B. CORTELYOU. President L cenpenmnieningtauik Lemeuiaaitetatiaetasialadtacptatican sheers ates) at $10.50 —_ = ; - It Makes Little Difference What You Need— DERS A World “Want”. Ad. Will Go and Find It A SUNDAY WORLD “WANTS” WORK MONDAY WON