The evening world. Newspaper, September 30, 1921, Page 31

tne Kar rr en NEW TRA! (Continued trom Page 30.) Rowe of this has been provided or even contracted for, Some of the rolling stock still in use is over titirty years old. ¥. As @ further consequence of the fallure to develop adequate revenues, the interest upon the city’s share of the investment in the dual subways which, by this time, should have been -earried from the earnings of the Toads 1s still carried annually in the oity budget and. pald from, taxation In the budget for 1921 the sum of these charges for interest and sink- ing Tund requirements amounted to over $9,500,000. For 1922 over #8 it will be The cgntinuance of this uneco- nomic policy serves merely to defer the carrying of the city’s share of expense from the revenues of the roads, for which provision must be made before the present problem can be properly solved. 7. Finally, it appears that no plans whatever have been made for tl building of additional subways; though the fact that many of the lines of the dual system are already taxed to capacity has been well ad- vertised and the need of providing) °°, at once for a system of extensions has been repeatedly mado clear, Within the past five months even the completion of the still unfinished parts of the dual system has been blocked at important points through the failure of the Board of Batimate and Apportionment to approve pend- ing contracts or to vote the necessa 1S co cessary If the existing routes were in first- class condition and functioning prop- erly, an intensive programme of new subway building should already be under way. The present rate of in- creases in the yolume of traffic car- rhed is extraordinary, far exceeding in Proportion the normal increases in Population. During the two years ended June 80, 1921, the number of passengers carried on all the lines, subway, elevated and surface, in- creased by 419,970,000 over the num- ber carried In 1919, or an average of 675,800 in the number carried daily. It will be recalled that although in 1900 and 1902 the letting of contracts tor the first subways was hailed as @ promise of lasting rellef, the con- gestion had become deplorable before the lines of the dual system were contracted for in 1913, Nearly an- other ten years have passed since these contracts were negotiated and though the warnings of disaster are quite as clear, there Is total Inaction. $50,000,000 for New Subways. In the judgment of the commission, at least $50,000,000 of new subway work should be placed under contract annually for the next five years, The city, however, as matters now stand, is unable to devote anything approach- ing this amount of capital to rapid transit purposes. Its constitutional borrowing capacity, as to the present margin of which there appears to be much uncertainty, is bound to be re- quired, during the next few years, for #chools and a multitude of other city needs, and cannot be drawn upon to any, large extent for subway purposes. he investment of $230,000,000 in the 1918 lines already made by the city is, and will remain, a permanent charge against the debt limit so long as the city fails to take payment of its Interest and sinking fund charges from the revenues of the roads. The way is thus blocked to the use of further city credit. If these charges are included,as they should be, among the fixed operating costs of the future system, the investment ots ual lines will Unu A Piano Value Withou cannot duplicate in a psit! eu Be ice, for the simple reas piano a¢ th And now on t modest profit. we att i Distributor paid on these pianos. ‘Any one who knows piano values is unknown. on their instruments, | quiekly bring disappointment to No regrets follow the purchase Piano. i disposes of. As the number is Brooklyn, Sale A MENDELSSOHN PIANO For Only $250 Our Mexican Distributor was compelled to cancel a large order for Mendel- ssohn Pianos on account of trade conditions. But in order to cancel this order he had to sacrifice the deposit he made on these pianos. His loss is 5 deducted the deposit he paid from the contracted export price and are offering you these beautiful new Mendelssohn Pianos for only $250. t $250 the Mendelssohn represents a piano value Or eeeatialy ‘unequalled today. It is a bargain that f our factories to you direct, at cost ee of this wonder fuf value ving you the benefit of the money our Mexican 4250 usually buys only an ordinary piano whose maker y nloaded on unsuspecting dealers by oture never appear crupulous manufacturers whose names ai? these pianos of unknown make the purchaser. built in our own factory—with the same skill and thoroughness that have made the name “Ster- Don’t Let This Opportunity Pass Ne more Mendelssohn Pianos will be sold at this spree atten tbe press ithout Delay! Convenient Terms May Be Arranged Where Desired THE STERLING PIANO co. Brooklyn's Best Known Piano House Sterling Bide» 518-520 Fulton St., Cor. Hanover Place, » . ¥. T be released and a like sum may bo borrowed to cover the work ahead, The commission 1s one of the sepa- rate reports !t proposes to publish in the near future, will present a gen- eral plan for the building of those new lines that in its judgment are immediately required, together with |its recommendations as to the order in which they should be undertaken. Before proceeding, however, with anything more than the planning of lines upon paper it will require the active co-operation of the Bourd of |Estimate and Apportionment, which continues to hold the powers of con- sent and appropriation in the matter jof subway building, The commission further finds ths following facts: 1. That the companies, notwith- standing their savings through re- ductions of service, are still failing jin an increasing ratio to meet their jOperating and fixed charges. State- |ments covering their operations for jthe three years ended June 80, 1921, |whow the aggregate deficits of all Ines, after allowance for fixed |charges and operating expenses, as follows: |For the year ended June panies have een living upon a Fae he cig ended “une 7%°°8| Frand-tormouth® basin auBelating: th | 80, 1920 11,423,933 | the main upon defaults in the pay- |For'the year ender i june” ment of interest and taxes and | 11,122,798 | through the putting off as far as they The greater part of the increaso cf $5,693,862 in the deficit for the fiscal year just ended over that of the year before Is attributable to the advance in wage schedules of Aug- ust, 1920, which in turn will be off- set largely during the current year | by the wage reduction of 10 per cent. | agreed upon a month ago. It will ap- | Pear, clearly, however, under analysis | that up to the present time there has been little net change in the volume of loss resulting from ordinary oper- ation, It ts to be borne in mind that the Progresive deficits shown are based solely upon operating — expense, routine rental charges, taxes and in- terest on bonds. No doubt there are various charges in the list that can be reduced or that will disappear under a recognized and more eco- nomica} plan of operation. The fiz- ures as they stand, however, offer 4 logical starting point in ascertain. ing the amount of revenue necessary adequately to carry the system in the future. 2, While the so-called preferential allowances of the Interborough and the Brooklyn Rapld Transit Com- panies under the dual contracts had not been earned during the year cov- ered by the statements referred to, they are carried as a cumuiative claim, payable from future surplus | DELICIOUS AND REFRESHING EVERY little movement means more thirst. + THE COCA-COLA COMPANY ‘Atianta, Ga. sual a by-word t an Equal lin ny other make of on that we sell the lus a piano that didn’t guard, ssohn, for it is will tell you that You'll like the and round—the other makes at d The case of th artistic lines, sug of a Mendelssohn these limited, our advice is—, ‘elephon: Victrolas—Sonoras—Records—Player Rolls world for fifty-six years, Su Mendelssohn’ will give you lasting satisfaction. Our reputation would not permit us to put out a You can't go wrong when you buy a Mendel- Backed by Sterling Reputation workmanship within. variation in the case to meet the requirements in Mexico, pianos are exactly the same as the standard Mendelssohn style 10 models PLANS earnings before any payments of In- terest or sinking fund charges may be made on the city's sharesof the dual investment. On June 30, 1921, the accumulation of company unearned and unpald preferentiais of this character amounted to the following: Interborough Company (sub- ‘way acount).....+ « 96,061,148 Interborough Company (Manhattan Elevated ac- COUN) secsesesssserrsees +s 28,646,548 Brooklyn Rapid Transit COMPANY .ecesveeeesereeeees 11,978,767 A total of.. ++ $41,681,458 Until an agreement has been reached upon a plan of readjustment these claims will, of course, continue to mount and will be counted by the companies as contingent assets, while the corresponding deficits of the city, paid from taxation as the additional lines to be placed under construction are completed and additional bonds are issued to pay for them, will also continue to mount. 3. In order to carry their deficits and at the same time continue to ex- ist and to operate their lines the com- (Continued on Page Thirty-two.) HERMAN U.S. Navy Shoe and U.S. ArmyShoe Linings, facings and fittings accord. ing to Government specifications for vy Shoes and Army Shoes. Widths B to EE; sizes 5 to 13. MEADES Brooklyn's Best Known Shoe House 102-104 Myrtle Ave., Cor. Bridge St. BROOKLYN your gain. For we have iano for honesty and service in the stantial in every detall, the make good. Our name is your safe- tone of the Mendelssohn, too—it’s full sweet “singing” tone found only in louble the price e Mendelssohn, designed on dignified, ests the quality of the materials and With the exception of a slight New Pianos and Players Purchased Especially for This Great Sale at Less Than Factory Cost Four Great Special Values in New Instruments— Standard Instruments Forming Part of Our Regu- lar Line and Handled by Loeser’s Season After Season. chased by us for LESS THAN FACTORY yeh one of these fine instruments was pur- COST, and on the same basis we hve priced them for this sale. Only a combination of unusual circumstances could have provided such an excep- tional opportunity. The chance of a lifetime ! If you have decided upon a new instrument for your home—then surely one of these four special offer- ings will appeal to you. Special No. 1 A New Piano at $295 A well-known make, considered at the regular price, which is considerably more than $295, to be the best value in a low-priced Piano in America today. by Loeser’s and always gives real satisfaction. Tt is sold regularly It is recog- nized by the musical public as an instrument of dependability. Used and indorsed by one of America’s leading grand opera companies. this sale, $295. \ Special No. 2 Within a few months sold for 8475. During ANew Baby Grand Piano at $535 A Baby Grand Piano that we have been selling and recommending for some time, an instrument bearing a name that is well-known in the musical world. and finish. Lovely in tone. Beautiful in style Offered during this sale for nearly $200 less than the cost of any small Grand Piano approaching it in quality. Slightly shopworn. Special No. 3 One of the Eight Greatest Upright Pianos in America at $465 Think of it! An Upright Piano conceded by musicians to be one of the greatest instruments made in America offered during this sule for $465. Even today wherever it is sold outside of Loeser’s the regular price is 8700, It is a saving that is well worth consideration and sufficient to decide upon an immediate purchase, if a piano of the better kind is on your list of things to be purchased in the near future. Special No. 4 A New Player-Piano at $345 An instrument constructed to give nusual satisfaction, made to hold its fine tone under the most trying cireum- stances. playing of music as it should be played. A fine in the matter of construction. pearance. Beautiful Colonial lines A fine instrument Contains the latest controlling devices for the instrument in ap- Lovely singing tone At $345 a value not to be matched in All America Your Own Terms In Reason the present special lot has been ¢, Main 5600 The Piano House of Brooklyn Fulton Street Bond Street New and febuilt PIANOS and PLAYERS More Than 700 Instruments I nvolved Savings Up to $500 on a Single Instrument More Than 700 New and Rebuilt Pianos and Players at Extraor- dinary Special Prices Included in this great list of new and rebuilt instruments are such renowned makes as Kranich & Bach, Steinway, Sohmer, Knabe, Weber, Estey and Chickering. Scores of other well-known makes, too—so there is an instrument here to meet every requirement, no matter what it may be. A Sale That Has Saved Hundreds of Thousands of Dollars for Many Homes in the City Thousands of homes in this city owe their en- Leal of music to the SPDOrtUnItY, which this sale has provided in the past to purchase a good, reliable instrument at a low price and on con- venient terms of payment. Perhaps you have hoped that “some day” you would see a Piano or Player-piano in your home. Perhaps you have children, and they are without the cultural advantage of hearing good music in the home. Perhaps you have special ambi- tions for your children and would have them study music. Then why not profit by the money-saving advantages which are offered by this great sale? You can buy a very good Piano or Player for a small amount—and you may pay for it according to any plan of deferred ayments which you may suggest, providing it is in business reason. THE biggest event of its kind in America—the Annual October Sale of New and Rebuilt Pianos and Players at Loeser’s—begins tomorrow, Saturday, October 1st, and con- tinues for one week, until Saturday, October 8th. For more than five months we have been preparing for it, and now that the final details are being completed we are in a position to say that it promises to surpass all former sales of its kind organized by Loeser’s—in the number of instruments in+ volved, in the high character of instruments, and in the values provided. All Used Instruments in This Sale Rebuilt in Loeser’s Own Factory Most of these used instruments have come from the best homes in this city, instruments _ that have had unusual care. They were taken by us as part payment for new instruments during the past six months. Every one of them has been completely overhauled, and is now in first-class playing condition. Every Instrument Purchased During This Sale Guaranteed by Loes- er’s to Give Satisfaction Having the most intimate knowledge of the condition of every one of these Rebuilt Instru- ments we do not hesitate to guarantee the in- strument you buy will give good service and satisfy on all points. A Serviceable Piano for So Little as $65 A Guaranteed Player for $245 And the majority of these Rebuilt Instru- ments are priced under $200. Such a money saving opportunity does not make its apy ance very frequently. Why not decide NOW to profit by this sale? Add to the joys of your home life—MUSIC. Provide for your family this great broadening, educating, uplifting force. __ Your Own Terms of Payment—In Reason Nothing stands in the way of the realization of your desires for a Piano or Player-Piano in. experience no difficulty in fulfilling. Any plan that is in business reason will be accept your home. The prices are remarkably low and we offer you terms of payment that wos will able to us ° ° p | Approrimate ) A imate Upright P 1anos | Price If Bought Sale Sale Aporistate New Today Price| Price If Bought Sale sien | Rischers: ‘New Today Price $165 Lockwood Harmony .8300 $65 $165 | Ludwig. $305 New England :8350 $65 | Harmony... $165 | Schuman, 9385 Mathushek ‘8450 $85 | Huntington. $165 | Wissner. $550 $45 Marryatt. . (8825 $85 b Bros. $165 | Hubeleck. $425 $280 Anderson ‘8400 $95 | Livingston $165 | Hallett $405 Benedict Brot #850 $95 | Richardson. . $168 | Weser.. sea Decker Bros $475 «= $95 | Stuyvesant $165 | Sterlin bored Mangold.....-........ 9898 $95 | Anderson $175 | Kirchoff $395 Marshall & Wendell.....8400 $95 | Bailey $178 | Knabe........ gos Sohmer....... 8650 $95 | Bradbury $175 | Kranich & Bach....... 6700 $308 NVeier “0350 $98 | Bradbury $175 | Grand Pianos Weber... 8050 $95 | Goetz... .... $175 Approsimate Wheelock. -8450 $110 | Kranich & Bach.. $175 A Price If Bought Sale Gordon... $435 «© $115 | Putnam..... $175 New Today Price Jacob Bros. 8400 $115 | Schenek.. $175 | Bradbury 8800 Wilbur $375 $115 | Weser Bros. $175 | Chickerin Anderson, - 8375 $125 | Emerson $185 | W. P. Haine Boardman $500 = $125) Gabler... $185 | Bradbury Francis Connor. + $850 Held $185 | Kranich & Bach Emerson 8475 $185 | Steinway rtman & Son. $305 . $185 | Estey $1050 ie $00 | Altenberg. . S| Ml i $350 125 | Anderson $195 | Player-pianos Son.. 125 | Anderson. . $195 Approzimate Sherwood $125 | Barnhoeft. . $195 Price If Bought Sale Riddle ei $135 | Bradbury... $195 New Today Price Colby & Duncan $135 | Chickering. . $195 | Chopin see $395 $245 Goets $135 | Chickering #650 $195) Walters 8450 ($348 Henning $135 | Di Ravas 8650 $195 | Mathushek. . - $650 Hoffman. . $135 | Gordon 8100 $195! Milton + $595 Knor $135 | Jacob Bros.............8400 $195 | Stroud ++ 8050 95, Summers... $135 | Kranich & Bach.. $700 $195 | Artemis... + 8495, Fletcher $140 | Reinhardt. . $400 $195 | Gordon 195 Leckerling $140 | Schubert... $395 $195 | Milton $395 Baus ; $145 | Sohiner $650 $195 | Sterling $425 Gordon $145 | Walters 8550 $198 | Bradbury Haeflin $145 H. Waters 8305 $195 | Bjur ht Haines Bros. $145 | Weber $650 $195 | Weber $438 Henning $195 | Schultz $515 Schuman $143) i $195 | Steinway.......... Stodart . 45 | Hallett & Davis $200 Horace Waters.. $145 Horace Waters 8995 «$215 Player Grands Robert Wilson $145 | Behning $500 $225 Approwimate Bradbury $150 | Lehr #425 $225 Price If Bought F.' Brown & Simpson. $150 | Milton $345 $225 New Toda eo Harvard $150 | Sterling $425 $225 | Milton $1185 «$935 Heller $150 | Anderson 8395 $248| Kranich & Bach...... $1850 © $1380 Pease $150 | Behr “ros 8575 $245 | Kroeger (Electric Phelps $150 | Bradbury #575 $245 Reproducing).......$2500 $1850 Vose $150 | Bradbury 8575 $245 | Kurtzmann (Welte- I. Waters $150 | Fischer 8500 $245| Mignon)........0+6+ 2800 $2350 Guu Vibe BROOKLYN-NEW YORK The Piano House of Brooklyn ingston St.