The evening world. Newspaper, April 28, 1920, Page 11

ee ere ee eet eee "e ED FORB.R.T. ~FINNGAL PUGHT ” Expert Bauer Tells Tells Estimate }°' Board $32,000,000 of In- debtedness Is Unwarranted. John Baver, financial expert of the Taw Department, testified at the lioard of Estimate's transit hearing to-day that the dated (B.'R. T.) at the present time has $32,000,000 in standing in excess of the reasonable New York Consoli- securities out- capital value of the property “Lf the company had been reason- ably capitalized, ‘say wittr $10,000,000 bonds and $26,000,000 1 $25,000,000," sa burden wi 500,000 a year, ites co $1,980,000 actually patd by the company." In view of the figures presented to the board, Mr. Bauer concluded that the company’s difficulties are not due to the inadequacy of the five-cent fare, but to the over-capitalization and the excessive fixed charges resting upon the properties. “If the Board of Estimate through its investigation of the transit lines does nothing more than put a stop to the watering of stock," said Mayor Hylan, “it will have accomplished much.” "You are right, Mr. Mayor," said President La Guardia. “it will mean a brand new standard of responsi- bility.” “From this time on,” said the Mayor, “the people will probably give more attention to the selection and elec- tion of District Attorneys who might prosecute people who have no com- punction in unloading certain ‘classes of worthless securities on widows and orphans.” Mr. Bauer threw some fight on New York Consolidatéd finance when he said: “The New York Consolidated Com- pany has a total funded debt of $37,- £20,000, and capital stock $18,900,000; total securities $56,520,000. Of this to- tal amount, at least, $20,000,000, rep- resertts original over capitalization, or pure stock watering. Besides this | $5,000,000 represents depreciation of property prior to electrification of the elevated lines, aleo at least $8,000,000 represents depreciation and obso- legcence of the road and equipment at the time the Contract No. 4 was signed.” — GUATEMALA THANKS WILSON. | Praine Hin Stand New Presiden SAN SALVADOR, vador, April 28.—Gria' Sn this country have t a cable mes- gage to President Wilson which reads: “We applaud your attitude in re- spect to the recognition of the Pre dent of Guatemala, citizen Carlos Her- .1era, Whom we gladly @jpport, accept- ing his brief but bg/dant manifesto, which is based upon the Constitution.” Red Cross Equip Three vu s. y) ° WASHINGTON, April 23.—The Amer- fcan Red Cross to-day announced a gift ‘of $460,000 to the Polish Red Cross to enable it to equip and maintain three hospitals in an effort to further stay the spread of typhus in the country. silk roldered Taf- Le Georgette Dress. Advertised for $34.95 in New York Tribune. & Now $22.50 A Group of | 500 Dresses | AN new styles, in cluding above | ma- terials. ‘Truly re- markable values. Formerly $35 and $39.50 m Now 2950 |" wlan residents scarcely a week old. SCENARIO CAREER years in the penitentiary was the pen- alty imposed on Raymond Kanofsky a slenderly built, wep groomer youth of seventeen, son of David Kanofaky New York building contractor, resid- ing at No, 26 Fourth Avenue, Rocka- way Beach, for robbing the home of Mrs. Lucy Jackson, seventy-two, after she had been bound and gagged and locked in a closet him, the youth ran away from home in quest of material for photoplay writing, preliminary to a course in a New York college.. Mrs. Jackson identified Kanofsky by means of a dtoop In his right eye- lid which she obsdeved @bove a hand- kerchiet he had tied acigys his face. Steamer Rams Another United Fruit steamer W. D, Noyes| tore a big hole in the bow of tho| steamer Barranca when the two ships| near the Virginia Capes last night. day 2008 WEST INU. Ss. BREWEF RS, DESPITE DRY LAW New York Boy Gels 10. Years sakes jArmy Transport Brings 1n Bodies ach, accompanied by a f Naiateats ‘ | ‘ cre ormed guard of honor who | in Virginia Prison Yor | Chicago Man Says He Is Sure Pub- of Aantih no mace Last nti the me Crime, lic Sentiment Will Demand | ata acrifice, AUTO STOLEN. Sopsial to The Brening World, rf teow 3 +, The bodies of 353 American iditicen | PO! RICHMOND, Va, April. 28.—Ten | Mild Alcoholic Beverages. who gave their lives for the cause of LICE ‘SEE AU E fortune in obtaining new brewer- | ies, States will not remain-“dry." He has purchased the entire Ameri can stockholdings of ttie Mil. waukee and Chicago Brewers, From what the police learned from| Ltd., pany, owning all the stock of the United States Brewing Company, he said. The American holdings were said to approximate $917,000. “It ig my opinion that public sentiment eventually will force ® more reasonable tolerance of mild alcoholic beverages, and that the present Radical National Pro- hibition Law will be greatly mod- nici ified,” he said. Vensel. . : ub NORFOLK Va, April | 28.—The mn [Germans Say Army Doew Not Exceed | 200,000. t BERLIN, Army at present does not exceed 200,- . Jegliided near Thimble Shoais lightouse, Gop men, it was sated officially to . FRANKLING SIMON, MEN'S SHOPS 38th STREET HERE FROM "FRANCE ‘Amerioan flegs, wore arranged In com- pany formation ‘on the pier. ANI be sent hy rall to their | CHICAGO, April 28. DWARD LANDSBERG, Chicago brewer, announced to-day he has invested a freedom ayd humanity on foreign soil, jand of whom all but elghty died tn France, arrived here to-day on the army transport Mercury from Antwerp and Southampton. ‘This marks tho first return of soldier dead from France. Your of the dead were army officers, all Second Lieutenants. They were Marshall Wilson jr., 224 Aero Squadron, of Bridgeport, Conn.; Roger A. Bright, 107th Aero Squadron, of Tomnolen, Miss.; William F, Marcin, Engingers’! re, | Corps, of Big Springs, ‘Tex., and Joseph PL F. McCarthy, Quartermaster Corps, Buffalo, N. ¥. 20 in Front of ‘When Thief Drives Off Lawyer's Car. The $2,000 automobile of Clarence H. | Siegel, an attorney of No. 47 Graham } Avenue, Wiitiameburg, was stolen from the ourb In front of cat Bridge fron Court, Witlamsburg, who drove away over the he oeléac te to Man= hattan, There wore fifteen or twenty detectives and policemen on the court | steps at the time believing that the United an English holding com- me Sailings From Ho! MOUTH, England, April 2. Holland-America Company wilt resume sailings from Rotterdam, interrupted by As soon as the 766 living and civilian} a strike, next month, The Noordam, passengers who came home on the|leaving Plymouth May 6, will be the ‘Mercury were taken from the vessel, first steamer to sail, AAS SSNA LIA ca oe 9 8 VS What's ina Name?) A ‘bouquet that In thie instance — reputation. reputation for quali lavor ai that individual dai hae m: Leh Direct from of the mor iJ for chere are “(More April 27.—The German if} BLOOMIN ;DALES flora. Astok Corres {TEL ASTOR OOF FEE | ‘59TH tO 6OT H—THIRD To LEXINGTON . ONE BLOCK FROM PARK AVENUE The reason for this explanation. | Men’s Franklin High Shoes $102... This season’s shoes at last season’s prices extraordinary — But no!—it may be necessary to explain a high price, but a low price needs no These are Franklin Shoes, made of the best grade calf skin, in tan, mahogany, cocoa color, and black, designed in nar- row, medium, and broad toe models, and made as fine as any $14 shve in the world, and finer than most of them. have no further comment. Buy now or regret it! aS Si SS « rahi Si Simon & an non 8 wD) Sr SS %C FIFTH AVENUE We Dresses of Sumptuous: Materials THE MATERIALS ALONE IN MANY CASES COST MORE THAN OUR SALE PRICE. Kittens Ear Crepe Heavy Georgette Char- Economy Sale of Dresses Taffetas, Tricotines, Tricolettes, Steargetton Crepe deChines, etc. | : A Third Collection of 500 Dresses ruly eeonomy Some of these dresses popular fabrics, Formerly $45 and $50 Now $29.75 | HAMILTON GARMENT CO. 307 FIFTH AVENUE NEAR 31ST ST. droves. The |very newest clyloe snade in Wool Tricotines French Serges Fine Satins Chiffons as $100. Dainty, Bouffant ef- fect “Taffeta Dress, Advertised for $26.95 in New York World. Now $18 Another Group of750Dresses | Some in this lot were made to sell for twice wle price. Re- at least 33% es; all colors Formerly $27 and $30 Now 348 their presence. ought not miss. STOUTS. Ploomingdalea—-s¢ Newness Is the Keynote Becomingness the chief charm,. Charming lines and this seasons wanted materials. Navy blue and black, those all-important colors, are conspicuous by —— Unusua $39°° Bloomingdales have made it a practice not to quote comparative prices. But this sale is so sur- metise Ps High-Quality Tafetta prisingly unusual that } Tricolettes we feel constrained to Drop Stitch Tricolettes throw all precedent to Mignonettes the winds, for similar dresses are being sold about town as high The variety, the beauty, the style and the reasona- ble prices make choosing an altogether joyful pro- cess. This sale is one you All sizes for Women and Misses, including cond Floor Qualit Wonderful Styles DOZENS AND DOZENS OF THEM. Accordion Pleated Skirts Straight Tunics Bouffant Effects Tailored Lines Short and Three- Quarter Sleeves Hand Embroidery Elaborate Beading Gold and Silver Embroidery Ribbon, Button and Braid Finishing _ pee ee fre dp etn ee Wadi a) PP Mee Ae S72 eRe roe Oe Some of the Swellest Models ¢ terms, our it, the millinery. credit. That's what credit is WEDO AS WE ADVERTIS! MENTER} 3 BIG bag Ades - s New A . oe fa Broth rm ore, 8, “38 Fulton St. Newark Store, 149 ieruct St, Open Saturday Evenings. GRAND Rapips FURNITURE CREDIT TERMS; bay Down 7 “ 10.00 Ayartments Yuri FISHER R BROS | COLUMBUS AVE F BET.103 & 104" ST NM ” ‘Save the Pieces Take them to our nearest }} store and get a new lens ina few hours. Accuracy assured. Any Lens Duplicated from the broken pieces. q Lenses, $1.00, $1.25, $1.50, ete. Ag Established 58 Years. ror ive as p Ann chy + 490 Patton Se fet pond Bt ‘form. For infants, invalids 7. BS etal Ens Seema 7 Seley eet Us’ eek ee Sunday World Wants Work Monday Wo nd