The evening world. Newspaper, December 7, 1921, Page 1

“accumulated surplus. ee sea 2 Le ere PPE EN! 5 OTH NRE SI NR Oe ABER, CElorld Circulation Book Oven to [*Cireutation Rooks Onen to Att” | VOL. LXII NO. 21, 915—DAILY. Copyright Publishing Turk Word) ty tree Companys tn NEW ‘YORK, | WEDNESDAY, ‘DECEMBER 7, B. RT. DIRECTORS ATINQUIRY SIGN Col. Williams Justifies Come pany’s Poli¢y in Disburs- ing Earnings in 1917. GARRISON TO Receiver and Nicholas F. Br. to Follow Former Presi- dent on Stand. TESTI. Unlike directors of th Rapid Transit fuotedly refused ts Inverby Company, walvers sign pee ae mg ecretary Says Policy or S. Willams and Nrchols The financial affaira of Wlectr' 3, ae tanie ! . Soldier Bonus Is Un- oMelals of the Brovkiyn ) Workers’ Local No. 3 were to day | ait Company, Sigied: walwirs uf li'l rerored 40, (he: Grand Jur by) tie changed. tunity to-day at the ‘Transit Com! ayekwond Committers on Housing TEMRaG ; WASHINGTON, eT Furtie miassion’s vontinued Invest of) samuel Untermyer, counsel, who had ie ay TO} Dee. 7 u ic rev of the tax laws, with a re- the traction situation in this city been examining Willlam A. Hogan, | age ei cae he ina on duction ne The Brooklyn aspect of the trace} ring sceretary, and. other. of- |{U°Uen GAOT tion troubles was delved Into to Ll (core regarding the indicated re-| tax rate to"20 or 23 per cent y wi of the o by the comuiission, und amon's those, ft ine olfiven GF oa) eum Anene ‘justment of the rates on ; wrofits and estates, is suggested in attendanes was Lindley M. Garri- SA CRIOON IEA ‘ iv sna ea te aie IIS ng $250,000 a year without siny Secretary Me In his first ann son, Pederal Receives jor the BIT.) counting, except for a very small pepart, transmitted to-day to Con- properties. part of that sum, said: gress. Col. Williams was the Hyst witness.) aye shall ask ror an extraordinary | The Secretary also announces thitt He said he had been Uvesident und , 7 : {the Treasury's policy with respect ty pet) | hi Marca ey en irand Jury to consider the matter.|oororment of the soldiers’ bonus. Is Pipetay sins chery, WTI AMT te is far more serious, our investlga-/ unchanged and urges prompt fundin tendered his resignation 4s Such) ois ging, than has appeared here, Ityvf the ten billions of foreign loans ws about three years ago. but the resig-| vou be unwise to further in, “one of the outstanding needs of th nation has not to dute been accepted. ! jpen hearings. present eponanils stesetlba He also| When Col. Williams said be had; “The criminal aspects of the cage |Dforms Congress that the maturity) Veanches, Firet,| Within the next eightcen months of| Rot the slightest hesitation in sign- | divide Into two Unease {$750,000.00 of the short dated debt ing a waiver of immunity, Clarence | there is a chargo of extortion, Tinie. it imperative that the Govern- J. Shearn, chief counsel tu the com-|don't believe organized labor will mission, remarked: “I wish to stu there is not the Slikhtest impli against any one of these witnesses In asking that formal requirement.” Judge Shearn asked Col, Williams how he could justify the Be It 'T. policy during the critical year 1917} when large dividends we uid Col, Wilt blamed the war and the failure of the city to complete its part of the dual subway om. He said there was no need to: feas when the now lines opened that the earn. ings would not continue, Col, Wi- hams said he did not know that price of supplies were increasing to (he tent they did, He declared there was no good reason apparent why the dividends should not be continued. Vurthermore, the B, R. T. Col. Willlame oxplained, had deprived the stockholders of any dividend for thir- teen years, from 1896 to 1909, though during that time consideratle surplus had accumulated. Another consideration was that $29,000,000 ia bonds had been converted into a like amount of B. R. T. stock and there was consequently a moral obligation connected with it. In 1917, Col. Williams insisted, there was about $7,000,000 or $8,000,000 in If the receiv- ership could have been foreseen “we might have acted differently,” he said. In December, 1918, he said, when the receivership was encountered, the city bad failed to construct 47 out of 115 miles of track. He said “the 1ith Street tunnel, a great revenue pro- ducing Une, is not yet completed; the Nassau-Broad Street line seems to have been entirely forgotten.” ‘What the increased revenues would (Continued on Eleventh Page.) Classified Advertisers Important! Classified advertising The Sunday World sho fa The World office 54 On or Before Friday | | CEILINGS | '\Vitness Says GRAND JURY INVESTIGATION IS ASKED BY UNTERMYER oe Ss Calls Financial Affairs More Serious Than Lockwoou Committee Evidence Shows. rOR Plasterers Lint the Amount of Work Each Man May Do. DOWN. stand for these officers keeping men out of the union in order to force m to pay for the privilege of earn- a living by buying permit curds. Secondly, of grand larceny which until now idea.” Chairman Lockwood asked {f the matter of the taking of the $1,000 ath benefits of members by Mr. igshe was also closed “You know,” sald we learned that the poor woman who me here, Mrs, Mar- garet Smith, the widow of James BE. Smith, wao absolutely destitute, Sho had no shocs or clothing to come here and had to borrow them. Hogan promised to repay to her $850 within twenty-four hours.” “We haven't heard from all the cases,” remarked Mr, Untermyer, He then sent a subpocna server for an- other woman claimant against the death benefit fund, When he heard the there is the appearance to an extent of we have had no Mr. Lockwood, testimony of (Continued on oe LARGE LOSS OF LIFE, SEVERAL SHIPS LOST IN NORTHERN STORM ST. JOHN'S, > F,, Dec, 7—A cond Page.) northwest hurrican yesterday brought death and disaster to this coast, Re- ports to-day brought word of a large loss of life at Conception Bay, including nine men, a woman and a child who went down with the schconér Passiport at Bay Verde, A score of schooners carrying win- fer supplies to northern settlements were wrecked. Five fishing vessels were broken up, the ship Jean and Mary is missing and the tug D. P. Ingraham is a wreck at Penguin Island, ae BANDITS LOCK UP TWO MEN IN VAULT OF BANK AND FLEE WITH $10,000 GRAND RAPIDS, Mich., Dec. 7.— Six armed bandits this afternoon en- tered the Grandville Avenue branch of the Grand Rapides Savings Bank, iy genta ant us teller, in the vault, Srseré with aa MELLON ADISES CUTIN MAXIMUM emi tent pursue a polley of the utmost economy and avold new undertakings that would throw additional burdens on the Treasury and embarrass, the funding operations” with respect to the floating debt. Tevenue revision is the subject upon which the Secretary lays the most stress. He says the changes in the tax law voted by Congress last month “give substantial relief to busi- ness and industry-and resfore in some measure the freedom of business transactions, butour system of taxa- tion still requires careful and thought- fil consideration.” Ho then procecds to say that if the loss of revenue re- sulting from tho reductions in surtax and other rates suggested cannot be made up “by rigid economy in ex- penditures” it can be met “either by placing a tax on certain specific ar- ticles, or by a low-rate general tax on a broad class of articles or transac- tions.” Nelterating arguments that the ef- Pp fect of high surtax rates is to ke new capital out of productive ent prise and to prevent normal business transactions, with the result that nat- ural industrial development fs re- tarded, Mr. Mellon adds: “The idea seems to be prevalent that in taxing large incomes only the person receiv- ing the income and who is to pay the tax is really concerned. This is a mis- take, for whatover the Government takes in the way of tax out of any in- come, which would otherwise Le saved and invested, and thereby Le- come a part of the capital and of the wealth of the Nation, affects not so much the individual from whom it is taken as it does the whole people of the country, in the direct loss of pro« ductive capital.” “The complexity of the law as far as it concerns the income tax itse!t,” Mr. Mellon concluded, “has arisen largely out of the high rates wiich |muke every point that arises involve \wubstantial amounts of money, and which means that each possible ques- tion ts contested by the taxpayer and by the Government, with resulting de- lay in the collection of the revenue, irritation and annoyance and expznse {on the part of the taxpayer, and cosuy litigation, With moderate rates, very jah, of this difficulty would disap- : SRP eeeis DR. COPCLAND SAYS Must Discontinue Activities if Profession Doesn’t Recon sider Attitude, Lorenz Says. BEING SPIT AT, Famed Viennese E Patients Selected by Hes Commissioner Copeland th br Adolt t announced ven in a voice ly tinue all professional ac evident, that he must dise tivities In Is country HE SAYS. xamines $0] in which lis emotion felt. he and return to “1921. ‘CRAIG SEES PEACE VERY NEAR IF ALL (WORK TOGETHER WITH Premier of Ulster in Message to His clares It Appears to Him Final Settlement Is p eevibie: | (By Associated Pr | BELEVAST, Dec. 7. In a message from Sir James Craig received by Lady Craig at Ratbeiland, County Down, to-day, the Ulster Premier said It now appears to me that peace may possibly be within sight if all work together to that end with patience and good will.” ) FIRST OCCUPATION IRELAND, GUARDED TROOPS BACK WITH BY ARTICLE 10, IL BEN THE LEAGUE TS FOREIGN ARES Entered ay Second-Class Matter Post Office, New York, Ne ¥. PATIENCE AND GOOD WiLL THE yENING WORLD FINA ¢ EXTRA PRICE THREE CENTS LORENZ DISTURBED BY CRITICS, THREATENS TO LEAVE | IRISH POLITICAL PRISONERS "ORDERED FREE FORTHWITH: KING ACTS 10 SET UP STATE SS Ne Poet Privy Council Considers Methods of Fulfilling Terms and Removing Troops From Ireland—De Valera Calls Cabinet to Pass on Treaty. LONDON, Dec. 7 (Associated Press).—King» George to-day issued 4 proclamation veleasing all pofitieal pnsoners interned in Ireland. Approximately 4,400. interned persons are affected by the release order, which relates to all persons under indictmént as distinguished frqnt Vienna, owing to the opposition he Nad’ enovuntered’ among the phsale| those who have heen tried and convicted, it was stated by the Irish Office, vians and surgeons of America | Six of the French Provision Her People Feared The following announcement was made from Downing Street: He more than intimated that the : x ” » ihe Ate ' An only thing that would Influence him} German War Wives Have Becomes a Bulwark From 1p view of the agreement signed yesterday between the British to remain would be a reconsideration | Children. | Outside Aggression and Tish delegations, His Majesty has approved the release forthwith ‘uf the medical profession's attitude | ob all Trish interned under Article NIV-B of the Restoration of Order toward his. Hel admitted he hed, The first contingent of Amer i . 7 ; 4 ' ne ee et 'y David Lawrence. in Ireland Act. Instructions to this eflect have been given utterly failed to coneiliate his follow |soldiers of the Army of Occupation} Special Correspondent of The Eve LONDON. De Ihe Ki : ean surgeons of America when he offered |in Germany returned home to-day on | ning World. » bec, 7—The King met this morning Premier Lloyd the hand or ¢riendanip. ithe transport Cantigny, after eleven| WASHINGTON, Dee. 7 (Copyright, George, Viscount Filztlin, the present Viceroy of Ireland, and the meme As yet Dr. Lorenz has made no|days of storm at sea. The group was] 1°l)—-Pease between treland and bers at the Imperial Cabinet—the members of the Privy Council in Eng: definite plans for leavi: uch asen-|made up of 602 casuals, many of |MMsland means far-reuching effects and . 3 ; Is hg ocean passage, and he willl wom went over when the war be-{2t Only upon the Arms Conference “—M one ot the most important conferences in the history of the Sat ag) Smee La aan veel n. under Col. GO; Cress, Twenty- | iM € Bslanjtink © but poxsibly upon the Empire, “The King and his Ministers discussed plans dor the setting up of \@ays ago, and it was bis intention to|eeven hospital cases: from Coblenz | (orelsn polley of the United States in the trish) Free State, | remain in this country tor about] Were also aboard under Major A. M eee tothe Beitan: danntons. They The Privy Connell also discuased three months. He planned to leave | Giffin. Kebtlement: means nis ape ‘ % New York on Dec. 23, for a month in] Seven nursca and seventy-five! it troland iw entitiead to| SL ELEMENT FAIR u pecial session of Parliament Whicago, and to spend the remainder neh) and German war brides com=) Ir the League of Na ENOUGH, DECLARES| “1"! {" Dee. M4, at whieh the sete of the time in the cities of the West. | Pieted the list of passenger Thirty - with Canada, Australia, M | tlement with Ireland will be sub- The statement of his chango of|** of the latter group arrived with| New Zeuland and the British do CARDINAL LOGUE) pitiea tor ratincation, An outine of plans was made at the matn offices |Dables ranging from eight months to; minions, The 1 aiereatiiinaee | ever at f eo se the Board ot Health, No. $06 Pearl {Wo years in age, There were also) seven members in the Teague of | Primate of Irelunt Declifes to] Sins’ speceh en that oceanion Street, where, he egamined. fifty {the bodies of 806 American soldiers! Nutiony Assembly Instead of six was gone over . , . who fell at Chatean Thierry and] gecond, Ireland's territorial int Make Any Other Commeni P : patients selected among those who |"? ov ies nearby s . in | Preparations are being made to had appiied to Dr, Copeland for an} ‘ he Gantinny had @ rOuRl NOY rity will be guaranteed against on Agreement Withdraw the British troops re opportunity to submit their cases to| The Cantlsny rough voyare./external vgeression by all the mom=) LEAST, Dee. 7 CAnsaciated F the expert's diagnosis. For four days she fought her way) pers of the League of Nutions wn: | pyese)—«'ariinal Priniditey oe] Mone eens TN Faye GET ; ri through tempests and on several 0¢-| ger the famous Articlo X. of the cuv- | tr j war craft in Irish harbors, however, Dr. Lorenz had been introduced to | | TONBB en ns were ordered Ireland, toda spoke of the new An the staft of the Board of Health by|casions the decks were ordered |enant, Originally, the trish views | ela-trish agreement as Me fair enough not affected under the peace Dr. Jacob Sobel, Assistant Director Hippabe eee Pier tae ses army | (ue articls aa a guurantee of Brit- | getilemont.” lxcaty he casuals 2 1 MY lish control over Ireland, but few | k 7 of the Bureau of Child Hygiene, who mod ui AAAS ’ » but in view! te declined te make any further . 9 referred to him ug “the world-famed base in Bay ides: for Fort Slocum, of the fucc that Ireland now a nes | Gomtont The Irish Republican Army, whieh argeon, who belonga not to Austria | While the hospital cease were went 191 the constitu McLOt Carnitas —~ did so much gueritin fighting up ¥ Hy 7 ‘alter Tt PEPE e seven) the memb the League a lie y of ; but to the world.” It was then that : gu tlie time of the truce and which Dr. Lorenz’ made his statement, | PUTS, & sof whom soe Prenat [obliged to Ireland's terri. | GIANTS PAY $75,000 exumed drilling when it seemed speaking in clear, correct ngilah, 1a] Ggeeent, and led n tres Seetane’ | torial en vinta FOR O'CONNELL OF FoLo PuOdue eid eae which there was just a trace of fo i " He _ [Owen taem COAST LEA down, probably will forin-the nue elzn accent... Once of twice hisivoice || aeruae oun Eleanora Guerin.) rnird, ireland will undue | GUE | iid Oe aE, hte A Gta Sele ca He epoke.. Ho sald attor cox | ULCy Morrie Mathleen Teevan, Mate! ping tisruaie ti ve about tor- | the oo ‘ pad Wes BPOKS. pes lerinc McCarthy and Ada Sturgis ign policy oa € dd Australia] BUPPALO, N. ¥, Dec, 1—Chartes der the treaty Sad to’ hia contemplated de-/ aM Mouth AYRGS A Ve lovConnetl of the San Prancisco Club| Eamon De Valera to-day sent an parture: So Ly y lin the Pacitie Coast League has been | UfSent summons to all Dail Kir American profession. 1 did not :n-| BREACH OF PROMISE aoa BBR ena oes ig “ CHY | Saw York Giants, it was announced | %°88/0M at noon to-morrow to pase on terfere with their interests, On tie exactly what shall be the relutt s P the peace treaty. Michael Collins contrary, £ am quite gure 1 promoted | SUIT AGAINST TEXAN [prtween tie tis Pree state and tho |" ae pald for the outfielder {2md other members of the delegation their interests, laving advised hu ee E- ' other Governments of the world, Tila) | 000, suid to be the highest |eturn to Dublin to-night, The Dail dreds of necessary operations stich! Also Sends Him to Jail Under) is « delicate point and has never been | tere ever given for a played taken | Hireann Itself will be summoned later 3 ay mo but by! Eel" Sayre defined in the case ‘of any Britis : RES EE ak ° < re to be done, not by me but by! Mann Act—The Two Toured | ominion. In fact, Canada went fur_| {2% minor Irague company. ; ear wi ee nem. | <, a4 att a gow a é “| @'Connell is the first baseman and dina! ourne has arranged & “T hope they will soon reconsider Europe Together. ther than any other Brituh wtate had] | nal giap PA tha Pac Anaarnver| Thanksgiving service for peace at and accept the proferred hand of] DALLAS, Dec, 7.—Rita Jaichner, a iamue, " “| Westminster Cathedral on ‘Thurs: (Continued on Second Page.) longue, TRuaRe fricndship with thelr Austrian breth-| pretty French girl, who alleges she ‘age Se evening, It ts expected Viceroy Fits. ren. If once this ice is broken, the| toured Europe with R, L. Slaughter alan, Catholic peers and leaders of cireny qi) ae the rest, and in thelr celine eon cok classe rases| PRESIDENT MAY. SIX-DAY RACE.—64TH HOUR, | puctiament witt attend. Serene cattleman, was awarded damages !n The answer of Ulster 13 expected Miles, Laps. __(Continued on Second Page.) | excess of $200,000 for breach of prom- GO TO ALASKA Lawrence and Thomas. 1140 '¢. | 2 B® brought to London to-night by ise by Judge J. F. Gilbert here to- —— Benson cad @cullat “i140 «g | Secretary Shakespeare, the Premler’a NEW IRISH OATH day. Indicates That He Has in Mind a] Rutt and Coburn........1140 6 | ‘Ud whe carried the pact to Belfast. DIFFERENT FROM |, tise delchaer was sranted esvora! Long Trip for Next McNamara and Medden.1140 6 In every “pub” from Whitechapel thousand additional for debts whica 5 59 Drobach and Manley....1140 6 | to Hampstead this morning, men THAT OF CANADA|tt is allesed Siaugnter owed her Summer. Hepes ‘Vigo g:« | Were drinking a toast “to the King, Slaughter was sentenced some time| WASHINGTON, Dec. 7—President| Gamrdantn and’Verri.. 140g | *8e, Limiplre und the Irish Free State.” . . rv Eesti , ago to serve thirty duys tm jail and} Harding indicated to-day h 1 had Steffani and Peyrode 1140 6 Everywhere the news of settlement Canadians Swear to Be Faithful and | pay a tine for violating the Manu|in mind a trip next sumincr to the! Buysse and Van Hevel,.1140 6 | OF the Iris question way taken ag Bear True Allegiance; Irish jj act. Miss Jaichner was the principal} Vaciflo Coast and d Alaska | DeRuyter-VanKempen..1140 6 brane i me nea es he trial, sour a the Stoc ange the rele to Be Faithful. wmiltnese tnt eon Kaiser and Smith 1140 «6 eflected. 7 Th th of members of the ins eee ain inas Giaush | BABE RUTH SHAKES Weber and Osterritter. 1140 8 | tho" har SerHAG Siepisiest Piss . he o2 he | ter promised many times to marry 7 i 1 5 lo: Agrenine & stabil je Irish Frea State Legislature as er HARDING’S HAND Beside and auie be sd 2 | ttuence in international affal it applies to the Crown reads: | Ry ae 7 Niacena Alavel 1405 | An Irish Importer ann-ancea he “1 do solemnly swear... that HARDING URGES HOUSE Home min Kine (le Received! b Milter an aveine ; girendy tind recuiwedsa lncko” Waar f a » ng Is Receives V seuder asnds, Htecord—t of inquiries as to whether he "i heirs and successors by law. OF ALL NATIO IR House To-Day and Halstead in 1914 titles of goods. He-pointed out that oath taken by office hold- = | —— | ho probably woultl, since it is certain ane ye ig y efflee hold: WASHINGTON, Dec. 17.—-President) WASHINGTON, Dec. 17.—- Babe SCHOONER MISSING W 2 MEN.| transportation conditions in Ireland i de Harding to-day called upon Congress to| nutn, the “Home Run King,” called! Friends of Gus Larsen and John Jan-| wil) be improved. incerely promise and swear that | will be FAITH- FUL and bear TRUE ALLEG- ANCE to His Majesty King 3) George V. his heirs and eu make America supreme in the air, In the face of possible agreement at the Arms Conference the President in a joation #8. the enna: siniy tat seat ti? at the White House to-d He shook hands with President Harding. ae Ee (Reoing Boies x Resulte on Been, asked to en of No, 243 Fiftieth Street, Brooklyn, who left for Florida the latter part of Beal September in w 40-foot sehoonae with the great rejoiting | throgghows be an auxiliary motor believe tl z, to have | land and Ireland, eon lost. The United Staten Navy has| Britain stood sal sult and Ulster was the only silent factor in gat Pa haem a aL St RE ETE RTI TT