The evening world. Newspaper, December 15, 1921, Page 4

Si. hee BRT RECEIVER SPT 9534685 WP TOOT. 3 Garrison's Expenses Outlired| and Itemized at Hearing Be- ; fore Transit Commission. Il tme BR. T. receivership for Jan. f, 1919, to Oct. 31, 1921, cont $624,655, Nata to information furnished rence J. Shearn, Special Counsel the Transit Commianion, by Lind- ti y M. Garrison, Receiver, to-day. £ Major items in this expense are: | Compensation for receiver and nsel, $283,909.68; Stone and Web- r, engineers, $126,624.26; Trice, erhouse Company, accountants, 7,228.83; Gpecial Master, $97,600; ir, Royce, $26,709; Col, Timothy $29,166.67, and printing, 249.83. Alvin W. Krech, President of the table Trust Company, and chair- of the stockholders’ protective jttee of the Manhattan Rail- y Company, voiced his approval the transit plan to-day, Mr. Krech was the principal wit- at the morning session before Transit Com sion. Of the pro- transit plan he said in part: “In my opinion the setup of the nization in the direction of the rious companies proposed to be med under the plan outlined is ind; I think it is essential for the ‘oper protection of all interests, I ink the successful oycration of the Ian wll depend to a verv lange ex- it upon the valuations which are and upon what the commigsion ines to be a fair return upon h valuations. “It is clear that in order to bal- ce the budget of the transportation tem, two things must be done: ther an increase In the revenue, @ possible decrease in the facili- | tee offered there In a third element introduced, |which is revajuation of the prop- erties and a possible saving of fixed charges under such revaluation. You are confronted with a very large | problem, you know—the balancing of | some $26,000,000,"" Mr. Krech did not approve the barometer fund phase of the plan, because ite exhaustion would result in an Inereaned fare. Speaking specifically about the Manhattan Bievated stockholders and their attitude toward the plan, Mr. Krech sald: “Offhand, 1 should say that they would have given that matter very serious consideration before they ap- proved any such plan of reduction of thelr return, We have a contract running over a period of 999 years on @ property which since the time the contract waa made has under the lease received from the lessee $75,000,000, “It hax earned over operating ex- pennes, taxes and ite fixed charges on its funded debt in that same period something over $90,000,000. It has been @ profitable operation for the lessee, und has made $16,000,000 on the con- \ract in the inst eighteen years, To be sure, we are temporarily in a jam where our earnings are not sufficient te pay, but we have to make @ very cirefu! analysis of what the future earning power of that property would Now, under this plan. be before we can answer that intelli. gently.” Before Mr. Krech left the stand, Chairman McAneny stated that the THE EVENING WORLD, THURSDAY, DECEMBER 15, 1921. Manhattan Etevated for the fiscal FIND SAILOR KIT year ending June 21, showed a it of $5,694, increane 0 585 over the year, Tne ted not only failed to earn the 1 per cent. guaranteed dividends on its stock, but showed an additional deficit of $1,300,000, In eightee: » Mr. Krech sald, the I. KR. T. 5,000,000 out of the Manhattan roperty, which eauned Clarence J. shearn to remark “The trouble is they have disburs\d {tall in dividends.” This drew George L. Murray, coun- sel tor Krech, to hin feet. He said: “Lam not going into that, Judge | } Shearn, That ls, of course, true, But what I mean Is this: were fo lease at all, and the hattan were on Its own, it would to-day have paid its bonded interest, {ts 7 per cent, dividend and would have $15,000,000 In it» pocket.” William Greenough,*a lawyer rep- resenting @ protective committee of the South Ferry Railroad bondholders, said he was doubtful about the will- ingness of bondholders to make an- othe sacrifices. “The sacrifices they fave already made are very great,’ he said. John L. Wells, speaking for the I. R. T. bondholders’ protective com- mittee, said the proposed tractioa plan “is the right thing.” Samuel EB, Morrow, Vice President and Secretary of the Fifth Avenue Coach Company, produced reports which showed the revenues from op- eration in 1921 to be $5,198,936, a net corporate gain for the year of $1,117,- 125. For the year ending June 30, 1921, the buses carried 51,237,442 pas- sengers at a cost per passenger of 8.38 cents. Had the fare been 5 cents in- stead of 10 the deficit would have been $1,415,757. Man- Even after reducing my diamond stock to erty arava acciaedto bive an extra Oy iscount diamonds purchased before up of dependab! exclusively. 727 Exowrn Avenuz, Near My stock is all Hint in plain fi le pissaneeed’ a There are exquisite diamond rings, lavallieres, bar pins, wrist watches, genuine blue- white from $25 up. Don’t miss this opportunity. Established 34 years. WILLIAM H. BEHRENS EWELER “HAWKINS” ‘e-war Christmas only. and made merchandise . 46m Sraeer, MANHATTAN Or Glove Silk 1.49 A good quality glove ribbon straps; 1.95 Fifth Avenue Flesh Color reinforced armholes. Crepe de Chine or Heavy Satin Camisoles Included are camisoles made of Beld- ing’e washable eatin, in simple or elab- Rey lore tienes tecdele, i Chine. In delicate shades of white. Vests Radium silk; with silk and ‘fhin’s FRIDAY. and SATURDAY Very Remarkable Values in Dainty Silk Underthings — Specially Priced for Gilt-Gioing Crepe de Chine Chemises and Step-in Bloomers Low-Priced 1 e 95 Daintily embroidered, lace and ribbon trimmed or tailored envelope chemises of flesh color crepe de Step-in bloomers of crepe de Chine and washable satin, in orchid, blue and flesh. Crepe de Chine Nightgowns, Beautifully Tailored or Lace Trimmed 3. Exquisite models, daintily tailored or lace trimmed, with Georgette tops, lace and embroidered medal- lions, edgings of Val. or Calais lace and ribbon bows. Crepe de Chine and Charmingly tailored or embellished with Georgette, Val. peach, blue, flesh, white. Silk Jersey Pantalettes Of extra heavy quality, in all fashion- able colors, including emerald, henna, copen, taupe, purple, navy, black. 95 orchid, peach, blue, flesh, CA TAL Bs Silk Chemises 2.95 and Calais lace. Orchid, Tene Cor mw Petticoats 2.45 MONTROSE, ments such as thuse wsnally includod sticers kit, bear- produced to- in % navy petty Ing bloodstains, day at the trial of Reger D, East- luke, charged with murdering his wife. tro They were the That if there| 13. scribed how he with a party searchers, had found hidden in a box of Miss Sarah E. with Eastlake, nor the morning of the murdi said, adding that Eastlake even look at the bony of his wite.” NO EXCHANGES Oe OOOO. IN EASTLAKE HOME Garments fearing @ Stains Intro duceA at Murder Trial. Va, Dee. were ‘olonial Beach Sept. 90. ified as having been found 1 stiake home. ys. Neithe ‘atly accuse Kno slightest sign of emotion of thi 14.—Gar- Paul Drinks, an engineer, de of the garmonte sastlake displaye? , the witness “did not HAYS ILL, TAKES REST ON PHYSICIAN’S ADVICE | Postmaster General on Way to Health Resort for Tem Days. WASHINGTON, Dec. 15 —Postmaster General Will H. Hays has been ordered lvast ten days ot two weeks, it was learned to-day at the Post Office Depart- ment Hays was sald to have been suffering rvous atraln caused by over- severe cold, whichh apparent. tiled near an injury in his ck, received in a recent train wreck ar New York. His condition was jd not to be critical, He has beenn ordered to remain in bed, and Is now eald to be on his way to a health F | resort. d Ow PAY TAXI DRIVERS IN CASH ONLY. «| Taxicab chauffeurs cannot be ex- pected to accept checks from atrange fares, Magistrate Levine to-day told Ethel Marshall. @ statuesque brunette, 0 Reduced for 35 N most instances Crepe Silk Picotine PUMPS an 8 Patent Leather NO CG. INT NOZAOT NOTA Fancy for Holiday Gifts 54x 72in, $27.50 54x 90in, 32.50 54x 108 in. 37.50 Wyre Gift could be more appropri- es ate—more acceptable or more use- cs ful than a beautifully embroidered Set of 2 Fancy Table Linen! Used and appre- 3] ciated, it will long remain a pleasing re- a minder of the giver. « Two new designs in Refectory Table cl Cloths in Embroidery and Cutwork EJ on round thread Linen. « Cloths. Each Cloths Each - 13 piece Hemstitched Damask TeaandLuncheonCloths 36 x 36 in. $2.75 each 45x45in. 4.50 each 54x 54in. 5.75 each A great variety of Tea and Luncheon Cloths, Napkins, Tray Cloths, Luncheon Runners, Cloths and Breakfast Sets are to be found at “The Linen Store’’—all are moderately priced and all make Gifts that are genuinely Sets, Table welcome. Try Shopping It’s ever so much pleasanter Fifth Avenue BONWIT TELLER. & CO The Spacally Shop of Opperatons FIFTH AVENUE.AT-38™.STREET WOMEN’S GOWNS For Afternoon, Evening or Dinner Wear, Formerly 65.00 to 95.00 selected from our regular stock and includ- ing distinctive Bonwit Teller & Co. types. Chiffon Taffeta Friday and Saturday—Reduced “BONTELL” WALKING 75 Oxfords and strap pumps in wing tip or medium round toe effects with welted soles and walking heels; smartly adapted to the needs of college girls and active women. Black or Tan Calfskin SHOE DEPARTMENT—Fourth Floor McCutcheon’s’ £ 72 x 72 itl. $37.50 to $42.50 72x90 in. 43.50 to 52.50 72 x 108 in., 50.00 to 62.50 Napkins to match, 18 x 18 in., $25.00 dozen Luncheon Sets in finé Irish Linen with Cross Stitch Eaibrowery, ug. Trade Mart Friday ONLY .00 .only one of a_ kind, Lace Poiret Twill d OXFORDS Tan Grain Calf 4 0. D'S NO APPROVALS Linens in Blue and Pink ts at $5.75 Napkins to match 15 x 15 in. $7.00 dozen Scarfs, Banquet Ea ee ee ee We WT before 11 a. m. 34th and 33d Streets AbD AD (be a ht 4 in by bls physician to take a rest of at) # So Mead claimed to have eave her address cs No. Ti Weet #8th fhe owed a driver $2.10 after! take her check and when night ahe didn't have a! was locked up on a charge Bi Wenn the Mried th persuade. hint to’ conduct Weet si Mine a, Marsha} | Strept been an, nickel We Connection With Any Other Establishment in the World WORTH THIRTY FOURTH STREET The Christmas Spirit Has Entered Our Fur Coat Department The extraordinary values make it blessedly pleasant to give a Worth Fur Coat for Christmas Bay Seal Coats (Seal-dyed coney) 36-inch model as pictured. 75” Made with self shawl collar and flaring sleeves. An unusual value at this price. Natural Muskrat Coats Made of skins with dark markings. Self collars and borders - French Seal Coats — skunk trimmed (Seal-dyed Coney) Extremely smart coats with Skunk collars and cuffs. 145: Natural Raccoon Coats Deep self shawl collars and self borders—belted. 195° Hudson Seal Coats—skunk trimmed (Seal-dyed Muskrat) Richly collared and cuffed with natural skunk fur. All prices include Tax 238" Women's'and Misses’ Fur Coats—Fifth Floor Another Special Sale of MEN’S SILK NECKWEAR to be held to-morrow (Friday) on the First Floor will comprise Four-in-hand Scarfs made of carefully selected silks (of foreign and home manufacture) representing a wide and varied range of fashionable effects; assembled in four distinct groups and phenomenally low-priced at 65c., 95c., $1.45 & 1.95 Madison Avene - Fifth Avenue, New York Thirty-fourth: Street Thirty-fifth Street