The evening world. Newspaper, November 23, 1920, Page 10

lo S ‘WIL NH YOR BE SAOOLED WITH TENT CAFES (Continued From First Page.) under an agreement which guaran- teed the shareholders $1,800,000 a year, these shareholders would probably have been compelled to put up much Mere than their actual investment ef $10,600,000, with the prospect of losing the whole pile. CONTRACTS “SACRED” FOR HIGH FINANCE, NOT FOR PEOPLE. ‘The intimation that the sharehold- ere of the Union Traction Company should reduce their 18 per cent. divi~ bd by contributing a few million Goliare inspired heated protests in the vicinity of Fifth and Chestnut Streets, which is the Broad and Wall corner of Philadelphia. Immediately the mou' of the financial units and | the individuals interested in continu- | ation of dividends ranging from 18 to/ 12 per cent, launch Intensive | clamor relati to the “sacredness” ef the contra: between the Phila- deiphia id Transit Company and the Union Yeased Hnes. The er of organized money and organized politics were invoked in| of these “sacred” contracts. | New Yorkers will note that the con-| tracts which are compelling hun- @reds of mililons of Interborough and B. R. T. patrons to pay their nickels Grectly into the strong boxes of the | owners of Manhattan “L" securities ‘raction Company and its and of the securities of Manhattan and Brooklyn surface lines, merced Imte the two great systems, are also wpheld as “sacred” by the forces working for higher fares. | But, while the “sacredness” of the contracts protecting the security holdere was impressed upon the peo- sed of Philadetphia by the combined ree of the written and spoken word Itttie was said in public about the sanctity of s contract with the city by which the traction system was committed to a 5 Cent fare. New Yorkere will note a further similarity between conditions in Philadelphia | jnullify its contracts with the city, which are based on a 6 cent fare, It is necessary here to gu back | briefly to 1910 in Phiing | year waa marked by t t fin gulnary street car strike in the lit the country. For a time ver to un Ling fin. » repre. interests the potentially prontdible re rallway lines, ndertook to eo the situation He sent to Chi- wo for Thomas k, Mitten, who had | euoceeded in straightening ¢ up tn traction affa ‘ity. Mr. Mitte day admitted): manager in thi d eatablished a reputation as a | butider up of sick traction lines which had been absorbed by the great fin- wnelal interests. Mr. Mitten tackled what appeared te be « hopeless job. Mr, Stotesbury, although he had no direct financial Jinterest in the Philadelphia Rapid Transit Company, was made Chalr- nan of the Board of Directors, The Philadelphia Rapid Transit Company passed into the control of what was known as the Stotesbury-Mitten man- agement, which epdured until Mr. Stotesbury and Mr.'Mitten came to a division of opinion on the fare ques- tion The contract of the Stotesbury- Mitten combination with the city was based on the following understand- ing, which was made a matter of city record: “The rate of fare under the City Agreement as now interpreted re- quires the payment of 6 cents, with an additional 8 cents for an exchange ticket, and the maintenance of 210 transfer points at which @ continua- tion of the 5 cent ride Is given by the issuance of a transfer ticket without the payment of additional fare. These rates are considered as fixed, no change being permissible under the agreement without the consent of both parties.” With 7 and § cent fares being o3- tablished elsewhere Mr. Stotesbury and his banking associates could see no reason why Philadelphia should not step into line and Mr. Stotesbury wanted Mr. Mitten to ask for a 7 cent fare, But Mr. Mitten maintained he could take care of all the immediate needs of the Philadelphia Rapid Transit Company on a 6-cent fare basis with free transfers and $-cent exchanges abo)ished. Mr. Mitten aubmitted figures to show that on a basic 6-cent fare, then and conditions in New York now. The Interborough ts secking to which would not cost 760,000,000 pas- at | wit urgent | |sengera per annum | penny could finan requirements of the “th were riding on free trans j nde rid 4 riding ont | 8 Money for future needs, 1 t ated, whould be supplied by MWers in the underlying | 8 would have kept Phil Iphia in the ent fare clase. |tinuing argument ainst ri f \farey In New York. The bankers in \nisted that Mr. Mitten should get 9 rent fare while costa of all kinds re still high—while “the getting | was good.” in other words thin led to a bitter atruggle int |rate of the P. R. T. whict |the retirement of Mr, § Mr. Lloyd of Drexel & y |active management of the company. In the meantime Mr, Mitten had | | made formal application to the Phil- adelphia City Council for cation a modifi. of the contract which would free transfer and, A-cent ileges but maintain the S-cent fare. Through political Influences pecullar to Philadelphia, which appear to function here ax a matter of course, the application was held up Mr. Mitten also applied to the Pub- lic Service Commision for permis- sion to file an amended tariff incor- porating the basic 6-cent fare and | $2 abolishing the transfer and exchange privileges. And he made no progress there, either. The sentiment of the public was al! | THE BEDSPRING LUXURIOUS % AT ALL GOOD STORES EVERYWHERE MANHATTAN-ROME CO, LONG ISLAND CITY. N. ¥. Chocolat 00 h Mr, not rust lost in proving that the re will increase the income and ad- | « vance the values of the property In| which the city iteelf has #o Mitten easting a couple of Hatch SALTO.NUTS (Mixed), $2.25 the Ib.; Italian tes, $1.50 the Ib; Supreme Chocolates, the Ib; Matinee Idele(Nutted Choco- | tates), $2.50 the Ib, | You may buy them in as small a quantity | as you like at any of the Hatch follows: 3 on the West Side of Broadway. | =| near 45th, 52d and 9th Sts,, and |Herald Square, 6th Av., near 35th St. Telephone Fitzroy 241. Sent by mail every- ere without additional cost, “HATCH, HE PAYS THE PARCEL POST.'* 4, THE EVENING WORLD, TUESDAY, NOVEMBER 23, 1920. in whic that t Xmas chamber or By making Horn round, wood which nizes the full tions, are a son numbers or any of the opportunity, HE Emerson Phonograph is differen- tiated at once and forever from every other phonograph by this fact: It kas the built-in, round, solid- spruce sound The Emerson Phonograph represents a unique achievement horn which is making such a furore in musical circles, the Emerson Music Master in conformity with the laws * of acoustics—and of solid spruce, (the possesses greater acoustic properties than any other), we have as- sured for every Emerson Phonograph an acoustic correctness which approxi- mates perfection. The most tntutored ear readily recog- round tone of the Emerson e Music Master Horn. It is distinctive! Song hits—dance music—classical selec- revelation played on the jEmerson. Be sure to hear the new Emer- listed at the right. Any Emerson dealer will be glad to play them for you on Emerson Standard Model 11, other nine Emerson Models. We will also be glad to explain to you the wonderful convenience of the time- payment plan, which makes it possible for you to enjoy the Emerson Phonograph while you are paying for it, If you prefer this way it is so easy for you to get the Emerson that you really owe it to your- self to see your dealer at the earliest and make the first deposit on * your favorite Emerson model. Play EMERSON “Emerson Phon WITH THE EMERSON MUSIC MASTER HORN he Your Thankagiving Dinner will be a great dial better sou will bugin ft wich « feste of HATCH SALTO-NUTS. and end’ it by Chocolates. for Gih EMERSON PHONOGRAPH “oper” 11 13 Cash or Time Payments Play as you pay—it’s the sensible way Fashioned in Mahogany; Fumed Oak; Music Ma Reproducer; Emerson Spect Tern Table: Emerson Perfect + $80 to $1000, Gelden Oak. 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T. & cents for every | entitiet transfers 0} who ors or om at 3 cents paid full 6-cent| ing ment of ent fare.) votes cast in the last Mayoralty aturday and | campaign. ‘7 riders on Public opinion In Philadelphia signed backed thelr names and addresses to cards| would preserve a 5-cent indorsing /the abolition of the trana- | 760,000,000 fer and éxchange privileges and the | place w maintenance of the 5-cent fare number of signers of cards the 5-cent fare project ex greater than the total number street rallway fare lors- which to that the basic & cent fare would peta ride 4} people each year and| $140,000 a year more than the propo the ‘additional expense on|7 cent fare, will be printed to-morrow, riders beyond the S-cent zone which|tith facts showing how thia report, was bouné@d in a general way by] the contract with the city, pudlic was|the city limits, The T-cent fare was| sentiment and the judgment of a man- of backed almost exclusively by the| agement that lifted the P. 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