The evening world. Newspaper, February 26, 1921, Page 1

! } | Cirentation Books Open to All.’’ | G TO-MORROW'S Weathor—CLEARING; COLDER. — Bs ¢ VOL. LXI. NO. 21,674—DAILY. Copyright, 1921, by Co. (The New ‘The Presse Publishing York World). NEW YORK, SATURDAY, FEBRUARY 26, 1921. Eatered as Second-Claws Matter Post Office, New York, N. ¥. FINAL} EDITION (Va PRICE THREE CENTS THE | VEIN IG GERMAN CREDIT BACKED BY HARDING © ‘GUBAN SUGAR COMMISSION, WITH TS NEW -GHPS | Gouge of Hundreds of Millions a ready Begun—Done Under Cover) *° ENT BOOST ASKED. of Presidential Decree Without Cost of Production Put at TRADE, RASES PR YORK AGENTS, (tS Tee | ~ Authority of Cuban Congress. By R. R. Batson. The American public faces amincrease in its sugar bill which prom- Ises to exceed that proposed by the trick Fordney Tariff Bill before it was amended, And the Fordney tariff measure originally intended to tax the Dublic approximately $365,000,000 for the benefit of big sugar interests and Profiteers who, because of their greed and bad business judgment, were threatened with the loss of the huge profits built up during the war. The price of Cuban raw sugar during the last week has been advanced from 3% to 4% cents a pound. Refined sugar has been advanced from 6.85 cents to 7% cents a pound. Further advances are in immediate pros-| William I. Ransom for the company pect, Competent sugar experts predict that sugar soon will go to 12 cents “*%tted that the present cost to the & pound. This will impose a tax of not tess than $450,000,000 on the eon-| °°™P82Y oF hoautgua graded soda suming public, Behind these edvances, actual and prospective, is a story of arbitrary Government and business methods that finds few parallels. It involves the strangulation of competition, with what approximates Government sanc- tion and seemingly total disregard of public interest and opinton. Shortly after the Sugar Equiliza- ton Board waa disbanded by the Government, the price of sugar be- gan to soar. From a price of 7.26 cents @ pound it rose to around 26 cents a pound. It was then nearly everywhere thought that the price would continue to mise. wholesalers and refiners loaded up with huge stocks at high prices, ‘and contracted for additional stocks fer future delivery at from 20 to 2 cents a pound. Beet sugar and other American growers practi¢ally doubled their crop because of the outlook. Cuban ptanters refused to part with ir crop because they became con- immed in the opinion that sugar would rise to 35 and perhaps 40 cents a pound. Large New York banks made huge loans to Cuban end other planters on tho basis of prices then prevailing. Meanwhile {( waa extremely diffi- cult for consumers to obtain sugar ‘m oplte of the record breaking prices ‘m force. But the expectations of ble sugar interests, of bankers and re~ fimers, were upset and the sugar bubble collapsed. The importation of foreign sugar, principally from Java and South America, broke the market and prices eank to approximately a pre-war level with tremendous losses to the interests who refused to part with their holdings at the high prices. Bot sugar interests and planters have taken a new grip on their cour- age and have started another drive against the pockets of consumers for the purpose of recouping their losses. ‘The method of procedure as planned is this: There has been organized in Cuba, under a Presidential decree, a “Sugar Commission.” This com- ye mission has seven members. A sub- ommission has been formed in New York consisting of three members. The Cuban committee is composed of R. B. Hawley, President of the Cuban-American ar Company; Manuel Rhonda, Chairman of the Hoard of Directors of the Cuban Cane Sugar Corporation; Jose Tarafa and Manuel Aspurv, representing other producers; Portirio Franca of the Ha- vana Branch of the National City Bank of New York; Frank R. Beatty of the Royal Gen. tary of Agr Bank of Canada Agrumente, 3 we of Cuba Kugenio &. ul The New « vommittee is com- posed of H Costello, representing the Cuban Cane Suger Company; rank Lowry of B. Atkins & Co. and George Logan of Lamvorn & Co. These commissions have been even complete control of the Cuban suger business. Not only have they oven (Continued on Second Page.) MAY USE INTEREST OF ALLIES’ LOANS FOR SOLDIER BONUS Bill Reported Out in Senate— Plan to Raise Money Being Considered. WASHINGTON, Feb, 26.—Wwith the tax provisions eliminated, the Sol- diers’ Bonus Bill was reported to the Senate to-day by the Finance Com- mittee. The cash bonus would be payable Jan. 1, 1928, Use of the interest on the $10,- 000,000,000 American war loans to the Allies in finanoing adjusted: compen- sation for former service men is one of the plans under consideration by Congress. This was disclosed to-day when the bomus bill was reported. The question of taxes to meet the cost of the bill was left for the nex. Congress. The committee made little change in the House bill, setaining the five options of g cash bonus based on the length of service, deferred certificates, farm and home aid and vocational training. Senator MoCumber, Republican, North Dakota, in obarge of the bill, plans to call it up in the Senate at the first opportunity, probably next week. Several Senators gave notice of their opposition, ‘One of the amendments, added by the committee provides that all claims must be filed by July 1, 1922 six months ‘before any of the pro- visions go into effect Senator MoCumber, Republican, North Dakota, who will have charge of the Dill in the Senate, explained to the committee that by postponing the effective date of all provisions of the Dil until Jan, 1, 1928, the accum lated interest on the forcign loans probably wonld be sufficient to bear | the cost of the compensation Senators Gerry, Rhode Island, and Jones of New Mexico, Democrats, were said tp have been joined by Sen- ator La Follette, Republican, Wiscon- | sin, in an effort to make the bill ef- | fective next July 1, but their motion was defeated, The committee also re- Jected a motion by Senator Colder | Republican, New York, to postpone! peration of the bill until July 1, 1928. SHAT ACCEPTS COSSACKS, LONDON, Feb. 26.~A despatel to jshe London Times from Te ‘the 8) Cossack GAS RATE RAISES | LAID TO WHIMS OF STANDARD OIL CO. Attorney General Attacks Con- tract Consolidated Co. Made Last December. | $1.47 in Argument for In- crease to $1.50. Argument was heard before Judge} Learned Hand in the United States District Court to-day on the applica- tion of the Consolidated Gas Company to raise its rate to $1.50 per thousand cubic feet, as supplementary to his ‘recent decision that the old 80 cent The rate rate was unconstitutional. was then increased to $1.20. said the increase was due to the cost of gas oil under the new contract made Dec. 15 last. | William Heyward for the Prslic | Service Commission asserted that the 12.8 cents a gullori contract for gas- ofl closed by the company with the Standard Oil Company of New Jersey set the price unduly high, He as- serted that gas-oil of excellent qual- ity could be bought to-day in Okla- homa at 2 cents a gallon as against the 8 cents a gallon base price charged by the Standard Oil. “But,” he said, “the Standard Oil controls the pipe lines from the oil fields, Who else has pipe lines to bring oll to the seaboard at an ex- pense of 4 cents a gallon?” Mr. Hayward cited figures to show that 70 per cent. of a ton of coke is left after the gas has been extracted, and that at the present rate—$12 a ton—coke was selling for more than it cost to buy the eoal Corporation Counsel O'Brien sald that there is a falling coal market ever}where, and that this condition waa recognized by coal authorities. He said he failed to understand why the Consolidated Gas Company felt justified in paying 12.81 cents a gal- lon for oii in the light of the big de- crease in its cost. Assistant Corporation Counsel Don- nelly said that in March, 1920, oil was $3.60 a barrel, To-day, he said, oil at $1.75 q#barrel, is lower than at any time sinoe 191 John Holly Clark jr, representing the Attorney General's office, In com- menting upon the increase asked for by the gas company, sald; “There cafi be only two explanations for this remarkable procedure. Hither the contract is not made in good faith but for the purposes of this case with the expectation that when the light of judicial scrutiny is turned away the price will be ad- justed and the contract modified, as similar contracts were modified in 1914 and 1919, or the Standard Oi! Company is in a position to maintain its price regardless of market conditions and that the complainant has so conducted jitself ‘by relying so exclusively on water gas manufacture that it is now. | forced to pay whatever the Standard sees fit to charge. “The first alternative may or may not be true, but it seems that the second is true to such an extent that the regulation of the rates for gas in this city now depends not on the Legislature nor the Public Service | Commission nor on the courts but on |the whim of the StaNdard Oi] Com- | pany.” | Decision was reserved | IMMIGRATION BILL PASSES. | Semt to President—Limits Namber | on Percentage B | WASHINGTON, ‘Feb. 26. | uiting Immigration to % per cent resident t already | finally passed by goes to the President aliens WOMAN KILLED, EIGHT HURT IN 3 SPECTACULAR FIRES; CHEF KENL Six in Hospital Injured) When Brooklyn Tenement House Is Destroyed. BABIES AMONG VICTIMS. Two Firemen Scalded Nassau Street Blaze—Life Lost in Harlem. in Six persons are in hospitals as o result of a fire marked by spectacular Street, The fire was rescues at No, 571 Union Brooklyn, early to-day. one of five In widely separated sec- | tions of the city, which kept firemen busy during the morning. In Harlem an aged woman was killed by smoke, and at a blaze at No. 79 Nassau Street Chief Kenlon had a narrow escape from death when several pieces of heavy plate gluss crashed to the street within a foot of firemen were scalded when water burst from thelr hose The Union Street building three-story of which is occupied by Paul Im- perillo, twenty-one; his wife and seventeen-months-old baby, Michael. ‘The upper floors are occupied by Im- periflo's mother, Mrs, Angelino Sig: nora, her husband, Louis, and chil- dren, Salvatore and Christiana, nine; Michael, fifteen, and Mary, thirteen. Paul Imperillo was awakened by the crackle of flames shortly before 7 c'clock and fled for the yard with his wife and baby. Before they could escape the baby was badly burned on the face and hands and is in Brooklyn Hospital. Salvatore, the nine-year-old leaped from the third story in an at- tempt to land on a two-story exten- sion roof at No. 570 Sackett Street, He missed the roof, and his skull was fractured by the fall. He is in Long Island College Hospital. Signora, his wife and fiftcen-year- old Michael then leaped for the ex- tension roof, Signora suffered a frac- tured leg and his wife was badly burned on the hands and face. Both are in the Long Island College Hos- pital. Jacob J. Ferber, chauffeur for Bat- talion Chief Gaw, ripped off a sbutter from @ near-by house and climbed on it to the roof of No, 570 Sackett Street, from which he extended a lad- der to the third floor of the burning building, John J. O'Connor of No. (Continued.on Second Page.) INDIAN WOMEN DEMAND VOTE IN TRIBAL AFFAIRS Go on Warpath to Get It— State of Maine Strictly Neutral. OLD TOWN, Me., Feb. 26 NDIAN women of the Penob | scot Tribe to-day went on the warpath to obtain the right to vote in the tribal elections and share in the conduct of reserva- tien affairs, asserting that a Grand Lmdy Sachem would make * wiser chief than any brave that ever wove a basket or built a cance, Last night the new women of an ancient people rejoiced when they received a ruling from At- torney General Shaw that they could go as fai as the tribe al- lowed, for the State would remain The immigration ban goes into « this year and continues until} 22, ‘The measure is rexerded | sncye legisiation and sill tet | 600,000 immigrant year! April 1 neutral. He sald in reply to a letter sent lo the Governor that tribal suffrage was entirely a matter for domestic adjustment, him, Two boiling | is a tenement, the first floor| | boy, ON NEAR DEATH THIRD ROOSEVELT TO BE ASSISTANT NAVY SECRETARY Col THEODORE ROOSEVELT. TROLLEY BANDITS CONFESS RAD ON ~ BALTUSROL CL Captured After Armed Passen- ger Foils Attempt to Hold Up Jersey Car. Carl and John Krebs, two of three Prisoners caught after an attempt to hold up a trolley car ut Union, J near Short Hills and Springfield, N J. about midnight last night, fessed to-day, to County Detective alatian of Union County, they band which has terroized of Morris, ‘Bssex, Union and mouth Counties, N. J., for few months. Specifically, plicity in con- according were members of the robber the roads Mon- the last they admitted com- the spectacular highway robbery at the Baltusrol Golf Golf, near Short Hills, three weeks ago, when five motor cars carrying six- teen persons were stopped and all the occupants, including Col, Paul Debe- voine and Thomas M, Debevoise of New York City, were robbed and Robert 8. Huse was shot. They ad- mittted previous robberies on the trolley lines, the county detective 4said Three men about their faces jumped in front of a “one-man” Morris County Traction N. J, at 11.40 o'clock last night, One of them flourished olver, the motorfnan put on more speed One of the three men made a fly- ing leap for the trolley rope at the reur of the car, clinging to the rear window frame, Deputy Sheriff Michael Murphy County, one of the ten drew a revolver and fir the window Th wound in his left wo picked him up away Into a field Murphy telephoned Chief Charies Hopkins, of Union, are but of Union passengers d ut him throug fell w The and carried bim 2 cheek th a other uf Potlc and (Continued on Second Page.) as with mufflers wrapped| trolley car on the outskirts of Union, | COL, ROOSEVELT NAMED ASSISTANT NAVAL SECRETARY President-elect Harding An- nounces Selection With That of Denby as Secretary. HIS PATHER’S STEPS. Will Be Third of Name to Hold This Post In Last 25 Years. ST. AUGUSTINE, Fin, Feb. 26.— dGent-elect Harding to-day that he bag selected Edwin Denby of Detroit for Secretary of the Navy, and Theo- dore Roosevelt, eon of the former. President, for Assistant Secretary. Both have accepted. “It was my very earnest wish in recognition of a certain sentiment and because of his ability to appoint Col, Theodore Roosevelt jr. as Assistant Secretary of the Nevy," Mr. Marding said. “Mr, Denby has gladly von- sented to that.” Mr, Denby called on the President- elect before announcement of his ap- pointment was made. The appointment of Col. Theodore Roosevelt to be Avsistant Secretary of the Nuyy in the Harding Cabinet was @ surprise to leading Repubti- cans of New York, although men- tion of his name for the post had come ut times from St, Augustine to the last weak. It is considered in political circles that this appoint- ment, while made in recognition of Col. Roosevelt's services in the army and his services to his party in the last campaign, is also a recognition of the American Legion, of which he | was one of the found . Roosevelt will be the third of his name to occupy the position of Assistant Secretary of the Navy within a quarter of acentury, The firet was his distinguished father, who served in the McKinley adminia- tration and resigned to go to Cuba with the Rough Riders, The second was Franklin D. Roosevelt, a kins- man, in the Wilson Cabinet. It is interesting to note that the father of Col, Roosevelt begun his public carcer in the Assembly where the young Colonel ts now serving his second term. Before going into the Navy Department the late President Roosevelt served as ,Vederal Civil Srvice Commissioner and Police Commissioner of New York City, Col. Roosevelt is thirty-four years Jold, He enlisted in the Regular Army at the outbreak of the war and served as a Major in the 26th Infan- try, First Division, until Sept, 2, 1918, when he was made Lieutenant Col- onel, He is entitled to wear a wound stripe, the Distinguished Service Croas and the insignia of the Legion of Honor and the Croix de Guerre |LINER WITH 2,000 ABOARD HITS BERG Drifted Helpless Seven Hours, but Finally Is Brought Under Control, ROSTON, Feb. 26.—The traas-atiantic Princess Matoika with 4.000 pa Naples struck ed wreck off y night, was to in | liner from ¢ and & or u Ruby 3 ‘Thursd |rendered helploss by damace steering sear, but alter drif seven hours was brought under Radiograms containing the wer ved to-day at thin pe Prin Mutoika ordered or advices Th ously examination States The t Ma Company reported to-day that nited Steamship (had a Lowry of uh Mut from Capt Princess sun Ke mer tr hit wire Hit suomerged obstructio Bxamination no Proceeding to Boston.” to: \ da damage done. shows Announcement was made by Presi- | the use of the securities held in the when they claim it.” BOY THIEF CAUGHT WITH $750,000 OF - STOLEN BONDS ———~e William Dalton Found Playing Pool in an Illinois Village. HBY MOUTH Ts, Feb. w— Seventeen-year-old Wiliam Dalton, whole stoie $772,000 worth of Liberty Bonds from a Chicago bank, was ar- rested here to-day Jack Draper, the marshal of thie village, made the arrest, Dalton was playing a game of pool with Jack Hennessy when the Marshal found him. “T puons calmly, A sma travelling bag, beside the pool table was opened and $750,000 in liberty bonds rolled out on the poolroam floor. Dalton was plomging along the country road, carrying the small suit- case containing the fortune in bonds about dawn to-day, when a motor'st came along the road and asked if he wanted a ride. ‘The robber hesitated a minute and then climbed in “Tam going to Springfield," Dalton anid “Why don't you take the railroad?” the avto driver asked “I don't want to &o through Bloom- you've got me," he sald ington,” That aroused the suspicion of the motorist. On reaching Heyworth, Dalton had breakfast and then went a pogl ali he oballenged Hennessey to « game. ‘The motorist told his story to the town marshal and the arrest followed, The President of the loval bank was summoned to the The bonds were given his custody. Excorted by a lurge crowd he car- ried the bonds to his vank Dalton was (he coolest man in the «group. He smiled as he watched the pro dings, with Marshal Draper to where pool room. holding a strong grip on bis arm. to The Mars: ton to t trust ¢ by prison or some one Custodian in behalf of German citizens. At least $400,000,000, because the remainder of what the Alien Property Custodian has really belongs to citizens of Austria, Poland and Ozeche- Slovakia, and under an amendment to the Trading With the Enemy Act passed by Congress the property of these citizens must be returned to them to kidnap him for the reward. The boy wan taken to a home of one of the citizens, wh he was placed under guard of four heavily armed men while waiting (or police officers from Chiewso to arrive 1 worked alone,” Dalton said, “t] j}was Just tempted when L had all of thowe bonds in my possession, and fail. a CREDIT OF $1,000,000,000 TO GERMANS IS REPORTED ~ APPROVED BY HARDING President-Elect Said to Favor Use of Seized Securities as the Basis of Financing It—Must Have Sanc- tion of Congress. By David Lawrence (Special Correspondent of The Evening World.) WASHINGTON, Feb. 26 (Copyright, 1921).—President-Blect Harding has given bis tentative approval to what may amount to a billion dollar credit to Germany and thus enable the people of Central Europe to buy American goods and products of which they are in serious need. ‘The plan, as outlined to Mr. Harding by New York bankers, contemplates United States by the Allen Property This 1s estimated to amount to 000,000 placed is assets in a single corporation, to raise other funds for credit purposes either through Ameri. cans or Germans interested tn the financing of a huge export project of this kind, but inquiry here discloses the fact that if the proponents of the Idea had the notion that a billiom dollars of securities were avaliable for the German credit, such is not the case. Broadly speaking, the approval of Mr. Harding of the plan does not al- together assire its adoption, for an act of Congress will be required be- fore the Alien Property Custodian can release any of the securitios or property which it now holds. AJl the cash belonging to Germaats is in the United States Treasury and by law cannot be invested in anything else but Liberty Bonds, The plan, moreover, would require an agreement with the German Gpv- ernment whereby the owners of the property would permit the Berlin Government to use the securities in the United States as a basis of erédit apd would renounce all ciaima’ againat the American Government iu connection with the new enterprise. It cannot be sald that banking opin- jon is altogether unanimous as to the wisdom of the scheme, for some au- thorities claim {t would be wiser to turn back the $40,000,000 to theereal owners and let the Germans do with tas they please, the theory being that the Germans will perhaps find the most effective way to invest their own securities so that trade will be revived. Ther is also the suggestion that if the German owners get their assets back they may be in a position to borrow funds wherewhth to pay American firms to whom they already owe large sums of money, and stimu. late trade that way before engaging sn new purchases, F While American merchants abe eager for foreign markets, they are obviously not anxious to sell to eum. tomers that, cannot or will not pay. ‘The whole question ay to what shall ‘be done with the German pro in the United States can be settled alone by Congress. The office of the Alien Property Custodian ts simply a hi t company which has held goods for disposition by Congress, _ GOVERNOR SIGNS ANTI-SCALPING BILL Eliminates Theatre-Ticket Specula- tors on Streets and in Doorways. ALBANY, Feb. 26.—Gov. Miller toe day signed the Walton ill to pro- it street speculation in tickets to atres and other places of amuse. ment The new law does not interfere with t brokers who have regularly @a- places of business, but is aimed at the speculators who uperate on the s.dewalks, in doorways and in corridors of office buildings. it is possible, of course,mith. $400,——