The evening world. Newspaper, December 13, 1921, Page 16

fi { CITY OWNERSHIP © OFTRANSTUNE Dwight W. Morrow, Morgan Partner, so Tells Commissicr. —Anderson Alsé Testifies {Wall Street gave its approval to- @ay to the Transit Commission's plan for municipal ownership of city trac- tion }ines, municipal share in opera- ten, consolidation of the surface iimes and genéral transit reform. The attitude of the financial powers was expressed at a hearing by Dwight W Morrow, a partner tn the firm of J. 1, Morgan & Co. and Chairman of the Bondholders’ Protective Commit- tee of Interborough Rapid Transit Securities. Mr. Morrow said he disagreed with the Transit Commission's plan of valuation of the transit properties. Proper valuation would be a neces- sary preliminary. On the subject of municipal ownership Mr. Morrow eaid: -*T think it would be desirable to extend the principle which was adopt- a when the city started in on tho subway proposition to all the transit / Wines, if it can be accomplished. As the city to-day owns the subways, has secured -a large investment of private money in them, and at the end of a certain period the city would own them unencumbered if the con- tracts wok out, and they will have “been paid for by the city out of the operation of them during those years, I think it is desirable that that should be done in connection with all the transit lines in the city, if it can be accomplished.” ‘When reminded that the city budget makes annual provision of $10,000,000 to pay the city’s interest in the sub- ‘way investment, which investment is ‘not self sustaining, Mr. Morrow said. “Now, if a pian could be arranged by which the city could get a return on \%@ investment immediately, it ‘would be highly desirable. Of course, it would operate to lower the tax rate which is hocoming very high in the Cily-of New York any plan, which aims to give the city @ return immediately or at the earlicet possible date on its large investment in this transit situation, would be a @esirable plan.” The Morgan partner i» not in ac- cord with tho fears of Job E. Hedges, Receiver of the Naw: York City Rail- ways, Frank Hedley, President of the Intefhorough, and Lindley M. Garri- eon, Recel of the B. R. T.,’ that contro! of the transit lines would fall igto the hands of politicians under the Transit Comminsion's pian. On Any Foot Dr. L: P. Haight, will give troubles, BLACK KID 10 Also furriiehed in Tan Kid or Calfskin. the foot grow as it Retailers of FOGH GOMES HERE TOSAYFAREMEL SALS TOMORROW that for three years after Wall (} ; ayy “ie. Street advised the late Theodore P. Guest of the Engineering Socie ties To-D4%, Honored Gves' Shonts to conserve its dividend pol- ley, the Inter-Consolidated Corpora- at Dinner To-Night tion paid 6 per cent. dividends. Mr. Anderson admitted that two and a half years before, payment of {dividends on preferred stock of the from his transcontinental trip this Inter - Consolidated was advised afternoon and was the guest of the against, Asked what the attitude of gy, J. P. Morgan & Co. was, Mr. Ander- Vents point he testified in answer to @ question put by Clarence Shearn: “You have got to run this vast system with human beings who will make mistakes of judgment, and and whether they are working for the clty or working for themselves they will err at times.” Arthur ‘M. Anderson, head of the bond department of J. P, Morgan & Co., preceded Mr. Morrow on the stand. Mr Anderson's testimony showed Marshal Foch arrived in the city nginvering Socteties at their home, No. 29 West 39th Street. The un- son sald: Nag Auutnn: | “AEs, Bhonte caine Ih to see un th aseecibee honor ol! honorary mem- the fall of 1914 to discuss the re- sd He: SOU SRUCNST enmineers ing societies wus conferred on the organization of the Interborough- Metropolitan Company, and in con- nection with the plan which was under discussion he developed the fact that it was expected that divi- dends could safely be begun on the stock of the new company. “We wanted to be sure that there was no diversion of funds to a point the Interborough wtuation and we “Any of the country’s most distin- had come te (the voneliaon that EUsted eogineers. Col William Bas when the new lines were opened ¢lay Parsons, Chairman of Columbia distinguished son of France. The organizations whose governing boards unanimously acted were the American Society of Civil Engin American Society of Mechanical E: gineers, Americun Institute of Min- ing and Metallurgical Enginee and the American Institute of Hlte- trical Engineers. In the audience University’s Board of Trustees and LASKER URGES INTEREST IN SHIPS Tells Western Farmers Their In- fluence Will Keep U. S.. Marine Alive. MILWAUKEB, Dec, 13 (Associated Presé).—Ity ty dni the cities, Stfitges, towns and farms of our inland States that the future of America of the spas will be decided, Albert D. Lasker, Chairman of the United States Ship- ping Board, told the Milwaukee Cham. ber of Commerce here to-day. “The inland dweller, removed from direct contact with ships, has felt a disinterestedness in American ship- ing that has almost amounted to an adverse prejudice if American ship- ving required national aid to insure its life,” he said “The claims for an American mer- chant mafine must rest on its eco- nomle necessity to the American peo- ple as a whole, The farmer's direct and overw ming interest in t overseas t was proved not a great while ago his pressure on Con- gress which. resulted in the pussage "| of a billover President Wilson's veto, directing the resumption of the W. Finance Corporation with «uthe to Ixsue a Dillion dollars In credit for the purpose of aiding him in ex- porting agricultural and other prod- ucts. The very life of foreign com- merée is that the exporting nation should have regular and constant | communication to the importing na- the there was gomng to be « dip ve earn ‘former Commander of the 1th Ka-|Hon. America, with its vastly in- ings. Mr. Shonts simitieg the same ineers, the first enginver regiment| creased need for export business, thing, His view was that he had 1), 2, abroad, presented the certit-j must insure that export business by bullt up @ reserve that wae suMcient . or honorary membership. jinsuring that it owns and controls to take care of that. We could not, \the ships to carry tts trade." Marshal Foch will be the guest of | | perhaps. quite agree with that from —ctnchlearestic I feel that! Have You A specialist whose activities have been pation wide, to you, explaining the cure and care of fallen urches, unions, twisted bones of the fect and \wther foot Dr. Haight will consult you at our 42nd Street Shop on ‘Wednesday; at our Broudway Shop on Thursday, apd at our 14th Street Shop on Friday. Rice Hutchins Modified Educator the Y. W. C. A. for its 400,000 members. Signet Shoe Shops Mth it Number 6, Near Sth Street * Pt se lear is Areewas the viewpoint of ultra-conservatisin.” by the State at the Hotel Commodore. Mr. Anderson sald Mr. Shonts 1 — Sinsequently he will meet a number ported that he had built up $10,000,0% of the members of the American surplus for just such a contingency, | Legion and to-morrow he will sali on ein tte a the Paris for France. SENATE EXTENDS TIME eS LAWYER HOLDS UP SHIP FOR CLAIMS BY ALIENS +o TAKE OFF DEPORTEE Sends to House Bi lowing 18! ae Months to Recover Property. She Wit) Figure Sait oo WASHINGTON, Dec. 15.—The Senate U. §, Immigration Law. to-day passed and sent to the House 4) Justas the Aquitania was preparing tall extending for eighteen mouths after| to sail from Pler 54, North River the proclamation of peace the time for! duy Attorney David Klein of No. 2 the establishment of claims against thu| Broadway dashed up the alien property custodian for property| with another man, waving a pape seized during the war. ils hand and demanding that the boat The present law limits this time to] be held. six months. “TL want lo wet a passenger who is Coa i. Sasa being deported,” he said, "This is an CARELESS CHAUFFBUR GOES TO order of habeas corpus from ‘ ge learned Hand, SARs LACHER BRL UP. the Aguitaniy wits held, while tien For driving is gutomoblio in a| nertha rohiinger, twenty, trom Kis: . PYll org, | vardd,, Hungary, was browsht to jain cre vinp aangoualea ay eh Feo Mr. Klein and” her. cousin, twenty-four yeare ald, taxi-cnauttour, | WW hurkor of Now 1900 Brook of No, 55 East 1084 Street, was seo- | the Bronx, rho Had lett the teneed by Mugistrate Cabb in Traftic | Building oily a few minutes % ey had procured the order us th: Court to-day {6 scrve ten days in| [ui sup inn suit to teat the con jail, At the same time his license was | tionality of the immigration rullu, suspended for thiryt days. George H. ini: Federal | \ Bimanuel |Gonzalea of Mexico City ie, (@nd that the directora Include Tepte- | eral | sentative i itu- plain| U honor to-night at 4 dinner given 41m | COMPANY FORMED FOR | TRADE WITH GERMANY Other Central European Countries Included tn Promotion ¥ ‘The Interocean Holding Company, ac- cording to despatches to-day from Washington, has been Incorporated to promote trading between tho United States and Central Europe, notably Ger- many, Bohemia, Hungary and Auatria, land perhaps later Russia, The $250,000 capital stock of the holding company |has been about subscribed, 95 per jof it in and around New York its. Later there will be another corporation tw place $20,000,000 abroad. Plans are sald to contemplate send- to those countries to a headquar- ters at No, 347 Madison Avenue. BE. M ENiott, formerly a Chicago newspaper man, is Vice President. He said J. ¢. is President ‘red Purnell of Indiana. “Appeals sent ‘want to help Germany-come back?" ex- industrially” farther along in Kendall, President of the New Yor« Bank Note Company, living at the Sherman Square Hotel, 71st Street and Broadway. Kendall. complained to * traffic patrolman that Rothenberg came out of Seventh Avenue ax ho wus at- tempting to cross the Street and failed to blow his horn. “It was the nar- rowest escape I've ever had.” Mr, Kendall told the court. Troubles? consultations without charge Spectal 1,95 these necklaces No, 1140 gift possibilities. “lets should.” Endorsed by , Educator Shoes 5th Avenue Colorful Beauty Novelty Necklaces This is a truly exceptional offering; for at than their former prices. The selection is particularly interesting for its There are, for example, antique green and oxidized finish chains with fancy metal motifs combined with Lapis, Jade, Topaz, Sapphires, Amethysts and many ex- quisite and odd combinations of colored stones. (Main Floor) lames McCreery & Co. 1.98 are 33144% to 50% less Mth Street gut dein: “Da you SAYS BONUS BILL , WILL SOON PASS Commander MacNider Tells of As- suranoes by Members of Congress. INDIANAPOLIS, Dec. 13,—Enact- ment of the’ veterans’ adjusted com- pensation bfll *will be completed by Congress withirt ninety days, accord- ing to Information given to Hanford MacNider, National Commander of the American Legion, by Senator Mc- Cumber, author of the bill In the Sen- ate, and Representative Fordney of Michigan. i The measure, Commander Mac- Nider said he was assured by the two leaders of the bill in Congress, will become effective in July, 1922. WASHINGTON, Dec. 18.—Congress must devise some way of raising ad- ditional revenue before President Harding will recommend action on the Soldier Bonus Bill, it was said at White House to-da pint sat S CUBA WILL REQUEST U. 5S. TO WITHDRAW TROOPS American troops stationed tn Cuba will be requested by the Goverument under a joint resolution passed by both Houses of Congress. — The resolution states that “it would be regarded as a friendly act” if the American Government acceded to the request. ‘The troops referred to are marines, who wero stationed ut Camaguey in March, 1917, at the request of Presi- dent Menocal JAPANESE GOVERNMENT ‘0 IMPORT RICE. | . TOKIO, Nov. 17.—The Japanese Gov ernment in Its efforts to offset the home ‘plee shortage, caused by crop failure ler bad weathor, has decided to impurt duties for a period on rice Gosernment plans to bring in a k of foreign rice aggregating np- ximatnly 17,500,000 bushels PLANS “Weal fe Regarded as Friendly] Foe , ‘. 2 D generous ta of vita- AVIA ree 2 Withdrawal of Wes SP ecEae dea every day. It THE EVENING WORLD, TUESDAY, DECEMBER 13, 1921. SEEKS TO AVERT BUILDING STRIKE The Lockwood committee is ex- pected to Yake up to-day the matter of the threatened building trades strike. The committee prob- ably will invite representatives of both the Building Trades Employers’ Association and the Butiding Trades Council to state their sides of the case. Christian G. Norman. Chair- man of the Board of Governors of the Building Trades Employers’ Assocta- tion, may be called to the witness stand, ‘The total number of pleas of guilty to indictments growing out of the Un- termyer-Lockwood inquiry was in- srensed yesterday to’ 272 by the ac- tion of seventeen individuals and cor- A NIX PRODUCT, The Mysterious VITAMINES | You can't see them and you can't | taste them. Yet, scientists say | vitamines are the secret of heal and growth. is one of Nature's richest vita- mine foods. Be sure the package says “PHILADELPHIA. Christmas! Here we are— ESTABLISHED 1855 porations connected with the Eastern) straint of trade. wing of the Terra Cotta Trust. Immediately after the preliminartes The decision of this group, which| had been disposed of, David L. Podeli. controlled more than 95 per cent. of | Special Assistant to United States At arohitectural terra cotta on the Atlan- | torney Hayward, made a long plea for tic Coast, came as a surprise. count to which they pleaded guilty charged a@ general col The |severe sentences. Judge sel for the defense t a Learned Hand announced he Roe hear goun- ad HE one IX Means GOOD Cheese ul Ws , Qe stamped in beth ends of the tin PLUM PUDDING A Food-Confection famed for three generations ASK YOUR GROCER FOR IT which we don’t tell { We want it to surprise | you. Accept the offer | made below and we | See what you get. | promise to delight you with a lifetime gift. \ Twice as rich as bottled milk. Absolutely free from germs. The result of 20 years of study to bring you the finest A Surprise Your grocer has it for you—free This offers you a secret gift. you—to be better than you expect. It is for women only, and will last a lifetime. It is the latest thing of its kind, and made by a famous maker. It . is something to daily enjoy. It is a luxury, so most women do not have it. Not one in a thousand has one like this. The gift is at your grocer’s. In fact, there are two gifts. Accept the offer in the coupon and you may have your choice. Then, if you want the other also, your grocer will present it on like terms. Super-Grade Milk Double richness—thick as cream Now the grocers of this section have a super-grade milk. The Van Camp experts have spent 20 years to perfect it. It is produced in the finest dairy- ing sections of the Middle West. It comes from sanitary dairies and from high-bred cows. It is guarded by every precaution. Acream-like milk In each of these sections milk fresh from the cow comes to a model condensery. There, at low heat in a vacuum, we evaporate most of the water. Nothing is added to the milk, nothing but water is taken out. Tt comes to you as thick as cream. It is twice as rich as bottled milk —nearly 8 per cent butter fat. Use it like cream in coffee and on cereals. Add an equal part of water for drinking. Dilute still further for cooking, and you still have a rich, whole milk. For every purpose you have ster- ile milk, utterly germ-free. a It costs you less | This ideal milk costs no more than other evaporated milks. It ' The Secret Gift is at your grocer’s Buy from your grocer 12 cans of Van Camp's Milk, at one time or as wanted. Cut out from each label the picture of the can—our trade-mark. When you have 12 costs you less than bottled milk and saves you all the waste. It comes in small cans and tall cans, so you open what you want. It keeps until used up. With it you always have on hand the rithest full-cream milk, and you never waste a drop. For selected cities The production of such milk is limited. We can never supply more than one home in twenty. So we select certain sections and offer it there alone. Now this section is one of them. From this on all grocers here will be kept supplied. So we want every home around here to try this perfect milk. That is why we make this offer. If you will try a dozen cans we will repay you amply. Your grocer will present you your choice of two gifts, both of them exquisite. ‘hen you will know the finest milk your home has ever served. And you will have a i it. pono agli iivted ins Si forget. We want it to surprise