The evening world. Newspaper, November 29, 1921, Page 9

RESERVE PLED UP ~~ BY PHONE COMPANY ASKING RATE BOOST _a— 1 Albany Hearing Shows More Than $17,000,000 Added, Since Demand Bégan. | THIRD OF BOOK VALUE. * Commission Rejects Protest and Orders State-Wide Basis of Adjustment. | (Special From a Staff Correspondent of The Evening World.) ALBANY, N. ¥., Nov. 29.—While the New York Telephone Company was applying to the Public Service Commission for increased rates on the plea of poverty, it was accumulat- ing the greatest reserve fund in its history. This was brought out in an ex- hibit submitted by the company at the first hearing here to-day after objections of the State conference of Mayors and other city officials against conducting the investigation on a State-wide plan, instead of a basis of local exchange areas, were over- ruled. In 1920, when the company began actions for higher tariffs in New York, Buffalo and Syracuse, it was accumulating @ net increase in re- “serves of $10,003,302:50. This amount exceeded by $1,000,000 the previous most prosperous year, 1918, The exhibit showing accumulations of fixed capital reserves from 1909 to Oct. 31, 1921, was prepared by H. A. ‘Trax, the company’s chief account- ant. ‘The rate at which reserves are accumulating this year is nearly as great as in 1920, the first ten months showing $7,231,309.69. The same ex-| hibit showed a total balance in re- serves on Oct. $1 of $80,624,649.76, Of this amount $68,042,229 came from New York State, This State's 1920 net incrwase in reserves was $8,344,- 924.37 and until Oct. 31, $5,721,270.87. The total balance in reserve is more than 30 per cent. of the book value nf the company as’shown on an earlier exhibit. i William A. Prendergast, Chairman, said tho inquiry would offer an op- porfunity to go into the relations, be- tween the New York Telephone, the American Telephone and Telegraph Company and the Western Electric Company. | t “We are seeking the best method of determining the ‘rate ‘base,’ and then deciding upon ‘equitable rates,’” he said. John P. O'Brien, Corporation Counsel of New York City, disagreed with the commission in ordering a State-wide basis and charged unfair- ness while New York City’s tele- phone rate case was still undecided. Mr. Prendergast said the commission was only awaiting action by New| York Clty to go ahead with the case. | Mr. O’Brien also asked that an) immediate reduction in rates in New York City be ordered, while a sim- iar request for temporary rates up- | state was made by Edmund H. Lewis, of Syracuse. The line-up before the commission early resolved itself into rural com- munities against cities. The very small towns favored the State-wide procedure because, as C. H. Collins of the village of Colony put it: “If this State-wide proposition is | going to eliminate the small towns | paying for poles and wires, it's a good thing.” - "Mr. Collins, Mr. Burke of Oneida,’ { and Mrs. Lindsley of Tonawanda, set 4 sorward the proposition that the com- mission, although @ judicial body, act te protect the communities, ‘The two last named took occasion to tell the commission that, although a sfate- ment against the State-wide basis was rend as the unanimous optuion of the Corporation Counsel, the meeting which adopted it last night was far trom harmonious. This division of opinion widened as toe hearing went on and the New York Telephone Company, over the sigorous protest of all the larger cities, was permitted té put in evi- ence, ; John P. O'Brien, Corporation Couh- sel of New York, won from Chairman Prendergast a ruling leaving that city's pending rate case out of the state-wide proposition. Mr. O'Brien \hen moved for an immediate per- emptory order by the commission ab- ogating the various rate increases of *ecent years and restoring the pre- war tariff, Decision on this was re- served. FERRIS: HAMS & BACON Honestly, Js It A Different Blavor? Kill It Quick! To-Morrow May Be Too Late. See Creofos Ad. on Page 16 BEATTY PRASES ARNS PARLEY EVEOF DEPARTURE Has Accomplished More Than Many Thought Possible, He Says at Luncheon, Acdiniral Sir David Beatty on the eve of his departure for London was entertained at luncheon to-day by the Lawyer's Chib at No. 115 Broadway, when several hnudred member of that organization and several p . nent figures in American life paic iim @ final tribute of gratitude for his services to this country and the world, The Admiral in his response madé some striking statements re- garding the attitude of himself, and naval men the world over concerning their attitude toward naval disarma- ment. During his address he made this noteworthy remark in connection with the Disarmament Conference at Washington: “At the conference and afterwards there were many who asked me: ‘How do you sailors like having our fleets clit down?’ ‘The answer is a simple one,” Lord Beatty said. “Those who have served in the war have seen something of the devastation of war and the’ sacrifices of war. We have felt that whatever our duties are with regard to the navy, we have a higher and a greater duty to civili- zation and to the Government and the country which we serve, and that is, tf it is possible, to make war impossible.” 3 The remark was received with ap- plause and cheers. Lord Beatty spoke feelingly of the manner in which he hag been’ received in this country while the guest of the Amer- ican Legion during its convention in Kansas City and when in Washing- ton and elsewhere. Admiral Beatty referred particu- larly to a banquet of the Society of} Pilgrims which he recently attended as an example of the close relation- ship existing between our two coun- tries. He then declared that the prin- cifies of our two Governments arc basically the same. “That convention was a happy pre- tude to the conference which is now taking place in Washington” he said ‘and that conference is being carried on under the closest comradeship which was created during the war among the fighting men. That great conference which was called together | by the wosdom and foresight of th sreat Preshient of the United States a8 already accomplished more than many thought possible The principal questions that have arisen at the con- ference have been connected with the navy and as you all know the limita- Uon of the armaments for the purpose of relieving the burden which those armaments put upon the countries of the world, and to enable the world to develop industries of peace and to he- store prosperity of the world and the contentment of mankind. —— ag EJECTED; SUES RESTAURANT. Irwin M. Poons to-day instituted suit in the Supreme Court for damages of $5,000 alleged to have been suffered on Noy, 2, when he and two friends ‘were forcibly ejected from the Madison Square Restaurant, No. 6 Hast 23d Street, b: Thomas B, Stewart, the manager Poons alleges that Stewart told him he “did not look as he had enough moi to pay for his mea PRESIDENT EXPECTS FURTHER PARLEYS WILL BE DISCUSSED Does Not Favor, However, Bring- ing Finance Into Present Negotiations. WASHINGTON, Nov. 29 (Associ- ated Press).—President Harding’s suggestion for a continuing confer- ence of nations is expected by Admin- istration officials to become the sub- Ject of formal discussion before the present conference ends. It was indicated in official quar- ters to-day that although the Prest- dent had no intention of complicat- ing the Far Eastern and armaments negotiations by bringing the subjects before the conference at present, he fully expected that after these ques- tions are out of the way there will be a serious effort for an agreement for future similar meetings. ; As a result of foreign comment on the President's suggestion, it was also declared by an Administration spokes- man that there was no intention that iny “Assoctation of Nations" result- | ing from these conferences should be- come in any way a rival to the League of Nations, The President's position was daid to pe that the new “Association” should not have the attitude of “an’ under- mining agency” for the League. Discussion of the plan for future conferences brought again to the front a suggestion that the whole subject of world finance, particularly as it relates to war debts and re- habilitation, would be one of the sub- jects to be discussed at future meet- ings. It has been indicated that the Administration does not desire to | have the question Mtroduced into the present negotiations. but might favor a thorough discussion of it later. So far no foreign nation has sug- gested that the finance question be brought before the conference now in session, or has formally appreached the American Government re- h gard to a discussion of that character | 8x some future conference. There has been considerable sentiment among American officials for the proposal of ja conference discussion of the sub- ject in the future and the indications to-day were that these suggestions had been received favorably by Pres- ident Harding. Should the armament and Far Hast- ern negotiations be ‘successful, It is considered entirely possible that the next big international _conferenc would’ reiate to financial questions. | reat eeriea PNi |M. E. CHURCH GOT 14 MILLION IN 1921 | Board of Foreign Mission Receives Annual Report in Con- ference Here. More than $14,000,000 were poured into the coffers of the Methodist Epis- copal Church in the United States dur- ing the fisca! year ending Oct. 31, 1921, according to a report read to-day to | the Board of Foreign Missions in an- nual conference at No. 160 Fifth Ave- nue, by R. J. Wade, Corresponding | Secretary. This amount, Mr. Wade said, includes the $5,409,912, princi- pally centennial funds, apportioned to the Board of Foreign ons, but does not include $1,21 pledged |during the year In estate notes and |} which cannot be realized at once. subscriptions for November and De- cember of this year are far in advance of those for the corresponding period of last year. This, he declared, indi- éates greatly improved business con- ditions and a revival of religious sentiment following a period of ma- terialistic enthustasm which appears t rapidly exhausting himse Furriers A.JAECKEL & CO. FIFTH AVENUE Between 35th-36th Streets more appropri- ate as a gift, than furs. Our Showrooms are filled with Coats, Wraps and Neckpieces every one teem- ing with origi- nality—whether it be for street, afternoon or evening wear, all attractively priced. Exclusively Mr. Wade told the Conference that] TWO MOTHERS FREED OF PICKPOCKET CHARGE Magiatrate Censures/Policeman for Unsupperted Evidence. Magistrate Simpson in Yorkville Court to-day discharged Mrs, Anna Cohen of No. 166 Delancey Street and Mrs. Anna Rose of No, 206 Hart Street, Brooklyn, who had been arrested by Policeman Detective W. J. Rastus of the Pickpocket Squad. Rastus declared he had seen the women jostle @ woman on Fifth Avenue. ‘You certainly are mistaken if you think I will hold two women without @ blemish of any kind against thom, married and mothers, with husbands at work, on your unsupported testi- mony and place a stigma upon them and their children for life,” said the court, —»——__ RECEIVER IS NAMED ~ FOR BROKERAGE FIRM Say Daniels & Co. Shy $70, Creditors, Judge Knox in the Federal Court this afternoon appointed Charles H. Griffiths temporary receiver for the stock brokerage firm of Daniels & Co. of No. 30 Broad Street, The appoint- ment was upon the application of Isaac Honickman, Michael Sands and Will- fani Barkan, whose claims amounted to $741. ‘They alleged the Mabilities amount to $90,000 and the assets of the firm to leas than $20,000, Attorneys for the firm concurred in the appoint- eenlels & Co. is composed of Harold Daniels and William Kelman. The iny has branches at No. 201 West Sad Street, this city; Philadelphia, Pittsburgh and Shamokin, Pa. 7 ——$<—>—— DIED OF MONOXIDE GAS IN CLOSED GARAGE Started Engine of erating the Power. Harry Bissell, an expert accountant of No. 76 Hollywood Avenue, East Orange, \N. J., was found dead to-day in his garage. According to the police he was killed by carbon mon- | oxide gas produced by starting the | engine. * The doors and windows garage were closed. peek Se ASK FOR RECEIVER OF GLOBE SHIPBUILDING CO. iubilities of Baltimore Concern Placed at $2,500,000, | BALTIMORE, Nov. 29.—Application ltor a receiver for the Globe Ship- building & Dry Dock Company, of | Maryland, was filed in Circuit Court | here to-day by the N. W. James Lum- | ber Company. The liabilities are ¢s- | timated at $3,500,000; assets, $1,800,000. | The James Company is owed $1,800. Binse| of the { The Globe Company stated that It | Id file {ts answer to-morrow ani | woul court deferred action until the jth fabrics. caracul. D furs, THE EVENING WORLD, TUESDAY, NOVEMBER 29, 1921. JAIL TERMS ONLY FOR GITY SPEEDERS: TOMILES THE LIMIT Amendment Before Aldermen Would Abolish Fines and Substitute Imprisonment. THIRTY DAYS MAXIMUM. If This Won’t Stop Traffic Violations, a Ten-Mile Speed Will Be Enforced. Fines are to be abolished and jail sentences up to thirty days will be the sole punishment of those who drive passenger or commercial autos in this city at a sped exceeding fif- teen miles an hour in congested dia- triets and twenty miles an hour in ucongested districts, avcording to the recommendations for amendments to the traffic ordinances as submitted by a special commities on traffic at this afternoon's meeting of the Board of Aldermen, Alderman Cherles H- Haubert of Brooklyn is Chairman of the committee. : The ordinance !s one of the most drastic ever recommended In this sity. If it is put in effect, it is pr ed, the elty's jails will not large enough to hold the prisoners taken within twenty-four hours, In a report accompanying the pro-j posed amendment, the committee makes this reference to speeding: “The particular form of reprehenst- ble operation of trucks and motors sought to be corrected here is the ‘speeder,’ and for this species of ruf- ‘¢ianism the committee has incorpo- the ordinaneo pre 14 in rated FOR MI gradually and ural position. Ask fer Our Book—' WE HAVE | OUR THE GIFT BOOK—Mailed Upon Request A twenty-page illustrated magazine of beautiful and unusual gifts. BONWIT TELLER & CO “The Specally Shop of Opyinallions FIFTH AVENUELAT 38™.STREET Distinguished Modes in - WOMEN'S WINTER COATS @ CAPES 95.00 PexcLusive types that are characteristic of the original fashion interpretations of this shop—developed in soft, silky luxurious Some have collars of beaver, Persian lamb or taupe wolf. Others have collars and borders of black ae Most Luxurious Fashions in WOMEN’S WINTER COATS @& CAPES 195.00 UVETYN of the very finest quality is the fabric of which these coats are fashioned / with large. collars and cuffs of beaver and other Or capes of a most aristocratic character trimmed with monkey fur. ANTZEN ArchSup egg ad istined’ ssi a your feet in the direction of comfort by our Arch Support or Bunion Shoes. “A good foot-rule for YOU—wear the Jantzen Shoe."’ prigon sentence only, If the limit of speed fixed at fifteen miles per hour In congested sections is found after trial to be too high, thie board can amend the law by reducing it to twelve or ten miles per hour. “Some of the proposed amendments have to do with giving the Police De- partment more latitude in the appll- cation of the ‘Rules of the Road’ so as to insure a larger meamure of safety In the regulation of vehicular traffic, Other provisions of importance to drivers deal with the right of way, mirrors, turning and trailers on motor trucks, The tight of way amendment is that every driver approaching the intersection of a street shall grant the right of way at the Intersection to any vehicle approaching from his right. This applies to points whore traffic officers are not stationed, Every motor trusk, motor amnibus and commercial motor vehicle must be equipped with a mirror or other reflecting device which permits a view of traffic in the rear. According to Alderman Haubert, Mayor Hylan recommended the fol- lowing: “No person, without per- mission in writing from the Police Commissioner may operate or drive a motor truck or trailer having « width of body inclusive of load of more than eight feet or a height from pavement to top of vehicle or load of more than twelve feet six inches, or having a combined weight of truck and load of more than 26,000 pounds, the load to be so distributed that there shall not be more than 800 pounds per inch in width of tire on any one wheel, or having a length of body inclusive of load of more than twenty-eight feet in the case of a motor truck, or more than clghteen feet in the case of a trailer.” Every vehicle other than a pas- senger car must display in letters and numerals not less than three inches in heigi the name and ad- dress of the ow Cars turning eight miles instea } hour. rves may travel at of four miles an The latter speod ts considercd iclent to make a turn. 1 States mail tru s vohi subje While F other Vehicles. ort SHOES . WOMEN D_ CHILDREN A painlessly raise the arch to its nat- If you suffer foot ailments, start wearing caracul, cess alnce 1916, was aworn In yesterday for-another term of five years, of The World, was surrounded by « great number of friends, among them Mayor Frank Hague and other bigh oM- clnila, A ailver service, many fioral pleces and other good will messages were sent to him, including « telogram reading: sending best wishes for a successful ad- ministration.” oath of office, after which the Surrogate recetved the dreds of well wishers. NORTON SWORN IN AGAIN. |NAVAL.A’ Popular Jersey Surrogate Begtas New Five-Year Term. Surrogate James F. Norton of Hud- von County, N. J., re-elected to the of- fice which he has filled with great suc- morning in the Jersey City Court House The popular “Jimmie,” who for twen- ty-five yoars was @ member of the staff ‘Entire World staff joins in i 3 Fi ij z 2 i i Judge John A, Blair administered the Hi itr econatulations of hun- z ? z 3 ; The Department for Women’s Neckwear has assembled, in readiness for the festive holiday season (and particularly in view of. the demand for the unusual personal gift),’a large and extremely interesting collection of Evening Scarfs 2 of chiffon or crepe de Chine (plain or flowered); of beaded and spangled nets; and of exquisite — hand-made lace. In addition to which is a remarkable selection of en Sports Scarfs of wool, artificial silk, and pure silk; pree | senting a fascinating array of unique and #e beautiful color effects. ; ; -petenern eee eam aqens eennamn ee ope = The prices (in stock): Silk Scarfs (including chiffon) $3.00 to 32.50 3.25 to =. 9.00 7.50 to 50.00 22.50 to 475.00 % rs at Artificial Silk Scarfs . Spangled and Beaded Scarfs, Real Lace Scarfs . f And . $2.50 to 11.25 Wool Scarfs (First Floor) Madison Avenue: Fifth Avenuw 34th and 35th Streets 4 “With Bridal Roses or Xmas Holl pe Second Floor The Gift She Adores! ( wr i For HER and for HIM Tollet Setv. 85.00 to 850 66 QxIFTS IN IVORY” — ever poptlar~ 6 always appreciated! Just as ete A FEW XMAS trective, ut infinitely less 3 . are riat t-articles SUGGESTIONS PYRALIN, DU "BARRY. ahd. PAURPA IVORY, which we now offer at actual wi sale cost. Splendid variety of patterns, Now—For a. Limited Time at ; WHOLESALE PRICES End-of-the-Season Clearance Sale ef Our Wholesale Department Savings of 50% and More! hes Brushes. 1.00 to ®4 Military Sets .50 to $6 Pertame Bottles, BO to BS triton tacos | mene men eee a = 80.00 to 87.00 values, fore eet Sq "SEE OUR COMPLETE STOCK Meets Tt bo Ce ERGO Miles ot The'!VORY SHOP 9 my By t