The evening world. Newspaper, May 5, 1920, Page 5

are. In 1917 the earnings were ‘o out and pick $15,665,000 and the lowest price of- the’ branches of|cred for t tock during thi hare. t earnings dropped to $12,324,000, the lowest quotation on the climbed up to $45 a share. To-day | stock is selling at around $109 a |p) six, years Ly American mpany has not only mulated net profits of $59,- 652,127 on operation, but the value of i gk refolce im {t as a pri | that our|and part, at least, of its Federal taxea company could make such a splendid} for 1919. It didn't caoord of contribution in the time of|that money from our country's need. It is a splendid | trees! rerord, and, I belleve with every It paid ite taxes out of earn: stéckholder and every omployes of| ings, no matter whether the @x- P PROFITS AND TAXES ADD TO ICH COST cerecinresciee | i te So eo American Woolen Company has iasued $20,000,000 worth of com- mon and $40,000,000 worth’ of pi ferred stock. In 1918 roduced a deficit of $667,685, Ii it earned, in round figur “lets roserves for taxes and continrencies.” In his ech to the National Asso- { @@gntinued From Fourth Page.) “clation of Clothiers Mr. Wood ae ferred pds omg \ J the year 1918. « net ror or ie com) in fied in, succeeding ertets oe that year were $12,324,080. 000, and the stock old dow bi inher ti . ry a share., In. net earnings e next al ie show how Mr.! Bess Het tent ot peat pete ME ALTAYS 6 TAX, AS] ‘ore $5,161,000, and the low price of | Wood, who insists that the earnings | ago, made $10 on an over- the stock for the year was $15.75, In|of his corporation do not materially t he sold for $40, that cost him The American Woolen mpany | 1916 it earned $8,211,000, and the low|afféct the price of a suit of clothes, "$30; the same quality overcont bas paid its Federal taxes of 1918| quotation c. tne stock was $37 a stifies said earni) costs him $50 to-day ahd on his ~— — aes a BoD he Ber he eet mars paris 6 sells yt $67; he net ore - 5 ’ ‘a transaction identical with the country home, "Anat operated in his store three ‘ Blankets— % ago. INSUMER "; ©08TS AND PROFITS. May PAYS ALL ADDED White Blankets, ‘The consumer pi weight, I Peaitenal Smite pay: Lif" . q it ilar a > eo gemand taro qualityiaf goods LEZ se Ge produ te buye, and iil. i ' nal profits earned’ | jufaoturens Comfortables— ' 4 wool filled. &h eounhd end irrefutable. They are hale based upon the principles of safe, con- ||} Bed pr di corvettes: business and the business, maa who doesn’t follow those princi- | ne, doen't make money. est inth § faa a general propos d \ “Wood, who is one of the great-| blue, hemmed. vea Lever met, a construc- tive business man, a citizen of vision, | the trustee of the earnings of 17,000 stockholders and 40,000. workers ‘in| fore than half a hundred textile mills! in. New England and New York, told A Sale of | blue. 5th Avenue Jame Continuing Our Sale’ o Sale of Bedcoverings At Reduced Pringe : A very unusual variety of Blankets, Com- fortables and pretty Bed Spreads, will be sujtable for the town house as well as White Blankets, with pink or blue borders. Grey Blankets, pink or blue Plaid Blankets, pink, blue, tan or gr Made of figured Silkoline, cotton filled, Made of figured Naimsook, wool filled.. Made of Dotted Silk Mull, solid color, Crochet hemmed %......- Colored striped, Summer weight, pink or | Scalloped Sets ... 1 Colored Satin Marseilles, hemmed, pink or These pair, §.95 and 6,95 all wool, in Summer each, 12.00 borders, pair, 7,50 and 9,00 pair, 7,50 arid 9.80 euch, 4,25 and 6.75 each, 11,50 each, 16.75 -..each, 2,25 each, 5.25 designs. sees eeeseach, 6.75 each, 6.75 (Second Floor) This Strre Closes at 5 P. M. f Curtain Filet Net Curtains, with border and Lace edges, as ilfastrated. Also other beautifal pair, 3.50 regularly 4.75 5000 Untrimmed and Banded Hats of Good Quality 1Ou.. ¢ Similar Hats Formerly Sold at 3.95 and 7.50 me erday for instance, that his company oes not take’ care of the excess profits tax in the selling price’ of the product. . % “Mr. Wood,” I asked, “do you figure into the selling price of your gomls the profits tax demanded by the Government?” Mri Wood called into his office the auditor of his corporation and re- peated the question to the auditor. ‘This oficial left the room, returned in @bout ten minutes and said that the ‘American Woolen Company does not now and never has specifically figured into the selling pricp of its product the excess profits tax. But Mr. Wood, at a dinner of the Nationa! Association’ of Clothiers, in New York City, on Feb. 18, 1920, said, || in an address: “You will be a bit surprised, I think, when I tell you that for the last year for which our accounts have been the American Woolen * We have been luckily able to obtain a wholesaler’s surplus stock at unusual price concessions, the benefit of which we are giving our customers. s Each Hat is new and comes in most desirable Spring and Sum- mer models and shades. of the nominal profit left re- f! Hand-blocked and vacuum finished; many with cushion brims, maining to the company—more than y five times the amount of dividends others with rolled edge brims, and straight sailors. id to our investors. You will be ‘ SUrprised, | think, to learn that thi . - payment to the Government wa nearly two-thirds the total amount distributed to our workers by way of story of our , although ing id. ere this you will see what I mean at y' when I say that we now-have a new | ‘ and somewhat unusual duty to a new Deneficiary, | “Let me hasten to say, however, | «that Fam not complaining of this pay- “ment as a burden of taxation I a not so viow it. I regard it rather ‘as thi cantrihition of thia com to the great causes for which w: Patered the World War; a centribu- tion to the idea 80 suecessfully in foreign lands. | not believe that this contribution, | which was made in part by our work- ers—because in a certain way it came from their wages, and which was There are large, medium and small size shapes in Milan, Patent Milgn, Split, Lisere, Piping and Jap Straws, as well as many attrac- tive Novelty Straws. : No C. 0. D.’s No Exchanges On tale in special booths on Main Floor as well as in the regular ‘ Millinery Department on the Third Floor James MeCreery & Co. \Téa Wagon to match... Six-piece Breakfast Room Suite, as illustrated, in French Grey or Traymore ‘Enamel, including Drop-leaf Table, China Cabinet, four Chairs. regularly 178.00 Seven-pieée Breakfast Room Suite, as illustrated, in \French Grey or Traymore Enamel, decorated. consisting jlof Buffet, China Cabinet, Drop-leaf Table and four Chairs. 177.50, 18.00 regularly 31:00, 23.00 regularly 237.00, osoees regularly 24,00, | Sais of McCreery ' “Master-Made’ " Entire Stoek-of Breakfast Room Suites Reduced 25% | 133.50 i] SJ ings! - yard, 95 jy _ regularly 1,25 to 1.45 4 i 6,500 yards Art Cretonnes.,.....yard, 55¢ regularly 75¢ Fr free of charge. Gate-leg Table and four Chairs. t xy four Chairs. Fern Stand to match Tea Wagon to match... s and Curtain Fabri iva Many notable examples of economy mark Hail this wéek’s “specials”. in Curtains, Summer Drapery fabrics, Couch Hanimocks and” Wicker Furniture for indoor and outdoor uses” 8,200 pairs of Scrim Curtains with pretty Lace edges, or with Valance pair, 2.25, 2.65 and 3.25. 1 regularly 3.25, 8.50 and 4.50 = iy Cretonnes 5,000 yards of English Prints in desirable colors and designs for*hangings and, covers” Slip Covers a specialty, Estimates submitted,’ - Curtains cleaned at moderate rates and stored and insured for the Summer months - Furniture—‘ Six-plece Breakfast Room Suite, as illustrated, finished| in French Grey or ‘Traymore Enamel, including Buffet, regularly 218.00 Seven-piece Breakfast Room Suite, as illustrated, dec- orated in Blue, Ivory, French Grey or Traymore Enamel, |). consisting of Bufiet, China Cabinet, Gate-ieg Table and} « { regularly 355.00, . regularly 25.00, +. regularly 81.00, 23,00 | é } Hf a Ad ‘ (PU Ploor) 265.00) i 19.00 (Seventh Floor) made in part by our investors, be- cause in 9 certain way it came from their pronts—is regretted by a single one of them. Personally, [ do not regret it, nor do I comolain of it. T 5th Avenue 34th Street This Store Closes at 5 P. M. dames McCreary & Co, 2+ POODOODOG™ Ever Think About why one housewife’s & cookery tastes so ® much better than another’s? It’s one- third faeulty and o-thirdsflavoring. Sale Extraordinairel ‘ The Finest Grades of ‘‘McCreery Footwear for Women’’ Lowered Many Dollars in Prices! SAt Grocers and Delicatessen Stor E. Pritchard, 327 Spring St., N. Y. Every woman likes to wear beautiful Shoes—the sort that usually bears a high price mark, So we are sure every woman will welcome this sale, which offers really exclusive footwear at a price that one usually pays for ordinary footwear. Tle Sale includes many beau- tut n odeis—all tchen Jrom regu- lar stock, your of which are illus- trated. Grades up to 14.50 Reduced to 10,75 (Tax 80) Grades up to 18.50 Reduced to 14,50 (Taz 450) 14.50 14.60 A. Graceful one-eyelet Pumps of Patent Leather or Black or Brown Kid, B, A Fifth Avenue Walking Pum of Black or Brown Calfskin, ‘ with Se wing tips, plump welt soles and walk- ving heelss any : (Second Floor) C. A model of unusual grace in walking Oxford of Black Calfskin, D, “Edith”—Another bench. made model, hand-made throughout, Eve- nings ‘orner ‘Apartments Fara d Complete on y Paymen! FISHER Bros} COLUMBUS AVE RET. 103 & 104" ST Base as. .- “Prepare-for-the-Surimer Sale’’ of Retter Kitchen Furnishings _ The man of the house equips his office with the lat because he knows they mean efficiency and economy. the office of the home, or call it what you will, should be equipped the best results. If you would, have the best housewares, yet pay lower ‘d do well to visit the MeCreery Daylight Housefu housekeeper to get \ prices for them, you \. partment during this great sale. ‘ 1. Set of two Heavy Gauge Alum- inum Covered Saucepots; 8 und 5-qt. capacity, regularly 4.00 set, 2,95 2. Highly polished Heavy Gauze Aluminum Tea Kettle with ebonized wood handle, 5-quart capacity. regularly 4.00, 2,95 ) 8. Cook Rite heavy gauge, highly polished Aluminum Covered Sauce- pan, 4-quart capacity. 1.95 regularly 3,00 4. Cook Rite Aluminum Nu-Lid Sancepan, patent cover with three vegetable strainers. A slight pres- sure of the thumb and “click,” the cover flies off, 2.75 regularly 4.00 5. Square Clothes Hamper of best willow, 26x21x18 ins., wood bottom. regularly 11.50 8,50 6, White Enamelled Bath Stool with rubber-tipped legs regularly 8.00 Room 1.85 7, White enamelled Kitchen Table with Porcelain top and drawer. ‘Top 22 inches wide and 84 inches long. regularly 16.00, 10,50 8. Double Rice or Cereal Boiler of polished Aluminum; 2-quart capac- ity. regularly 2.50, 1.45 9, American Breadmaker—kneads dough with scientific accuracy in three minutes; 4-loaf size, 2.95 regularly 8.75 10. Family Scale for household use; weighs 24 Ibs, by ounces; black enamelled; white dial. 2.25 regularly foo Same Scale, all white enamel. .2,95 regularly 4.00 11, “McCreery” Electric Tron— nickelplated; nichrome wire element; detachable plug; weighs 6 Ibq.; fully guaranteed, regularly, 7.00, 4.25 12, Reddy Flectric Toaster Stove with toast rack; toasts, broila and fries; with cord and plig 3.25 regularly 4.75 18. Floor Broom made of live hair, wire drawn; polished back and long handle, 12-inch, ......- regularly 2.00, 1.35 ld4-inch.... regularly 2.25, 1,53 14, Dust Brushes of real bristle; polished wood back. 7-inch size. regularly 1.00, 75¢ 8-inch size .... regularly 1.25, 95¢ 15. “McCreery” Flectrie Vacuum Cleaner, of polished Aluminum, with switch in handle; high-powered Uni- versal motor; fully guaranteed; with complete set of attachments, 34,50 regularly 47.50 16, “Kitchen Maid” Kitchen Cabi- , net, equipped with porcelain steel ex- tension table-top; flour bin with sift- cr; glass containers for, sugar, coffee, tea and spices; every interior corner rounded, preventing accumulation of dust dd food crumbs, Golden Oak finish, .+.:.. ‘ regularly 75.00 White enamel finish......... 73.50 regularly 95,00 est time and labor saving devices‘ ‘The kitchen being the workshop, same way for the rnishing De-