The evening world. Newspaper, March 9, 1922, Page 5

~UNTERMYER WIL the Grand Jury with a view to fram- ing a motion to dismiss the indict~ ment. ~ FIGHT DISMISSAL HOUSING RENT BLLS OF KENNEALLY CASE Attorney to Grill Blickman, Who Repudiated Testimony of $3,000 Bribe. Samuel Untermyer, In his capacity as Deputy Attorney General in charge of building trade graft prose- eutions, hes arranged to conduct in person the examination to-morrow afternoon, before Justice Wasser- vogel, of Sol Blickman, the Long Isl- and City manufacturer who recently repudiated his Grand Jury testimony that he had paid a $3,000 bribe to former Alderman William P. Ken- neally to avert a strike. Mr. Untermyer devoted many hours fm the committee hearings to Mr. Kenneally and his activities, both as ® politician and as the business agent of the Steamfitters’ Union, which he represented in the Building Trades Council, and also to his close associa- tion with former President Robert P. Brindell of the Council, now serving a Sing Sing term for extortion, and also indicted anew with Kenneally. Untermyer was in Florida when the indictment aguinst Kenneally was found and wired his congratulations on that result to hie son-in-law, Deputy Attorney Crneral Stanley Richter. The stbsc ae, Blickman th “yeprodu clion u, Kenneally’s p! hotograph in The World had enlightened him and convinced him that the receiver of the bribe was not Kenneally caused Mr. Untermyer indignant annoyance. He declared his intention to put Mr. Blickman under oath and use all the Untermyer re- sources of cross-examination to find out exactly what is in the mi: of Mr. Blickman and to make a showing which will lead Justice Wasservogel to deny the motion to permit Mr. Kenneally to inspect the minutes of ‘GAIN AS UNTERMYER FORCES ALBANY FIGHT (Continued From First Page.) their assets In the construction of dwelling apartments did not come up for discussion, A joint hearing by the Insurance committees of both houses was held on that last week, though no report has been submitted. One of Mr, Untermyer’s strongest arguments in favor of the insurance bills is that the public should be the first to receive the benefit of their own money locked up in the vaults of the insurance companies. The Metropolitan Life Insurance, which has declared that if permitted it will spend $100,000,000 in new building, has 1,900,000 policy holders in New York City, representing 2,250,- 000 policies. These policy holders, representing about one-third of the population of the city, are of the class of people who want homes of the kind the Metropolitan Life would bulld, ac- cording to Mr. Untermyer and the committee. The Prudential Life In- surance Company has approximately 1,000,000 policy holders in New York City. “Among those who appeared In op- position to the insurance 40 per cent. investment bill were State Superin- tendent Stoddard and former Super- intendent Hotchkiss, J. H. Doyle of the National Underwriters, and Stew- art Browne of the New York City Real Estate Board. Mr. Growne ap- peared against several of the Ddiils. He was opposed in part to the bill striking from the law the clause giv- ing the State Insurance Commissioner discretion to extend the five years granted to the insurance companies in which to get rid of their speculative stocks, The bill providing for State super- vision over Insurance rate making bureaus was opposed by C. 8. Conk- lin, Secretary of tho Assurances Com- pany of America; John L. Tiernan, Buffalo Association of Fire Under- writers, and N, A, Weed, representing thirt on-board companies, Mr. klin also opposed the bill prohibiting the conversion of mutual companies into stock companies, The bill requiring savings banks to invest of their investible funds up to 40 per cent. in bonds and mortgages was op- posed only by Stewart Browne, There was no opposition to the fol- lowing bills: Creating late Trade Bo. Permitting mutual com; divide their directors inies inte grot Permitting the the dismissal of an indictment to the higher cou Permitting the City of New York, in ite discretion, to avail iteelf of contracts with sub-con- tractors where the principal con- tractor fails, Henry W. Killeen, attorney for the building contractors indicted in But- falo through the efforts of the Lock- ‘wood committee, was the only one ap- pearing in opposition to the bill amending the Donnelly act, by pro- viding for compulsory fines and im- prisonment in Heu of mere fines for violation of the law. “This bill,” said Mr. Killeen, “is a mere gesture of disappointment and a thinly-veiled critictem of the courts for something that some Judge has done which has not eternally pleased some one interested." This statement brought Mr. Unter- myer to his feet with a jump. “The suggestion that this is a mere gesture of disappointment is not very complimentary to the committee which approved this bill by .unani- mous vote," he declared. ‘This leg- islation, like allJegislation, is the out- growth of wide experience. “The State and Federal Courts have enforced the Anti-Trust Laws as if they did not like to inflict penalties on violators of this statute. There is a certain halo of respectab about persons perpetrating criminal viola- tions of the laws. We must pass this bill if we do not want the law to con- tinue a dead lett Answering the argument of State Supt. Stoddard and others that en- forced investment by insurance com- panies of 40 per cent. of their funds tu real estate bonds and mortgages would “freeze” their funds so they might not be able to meet their obli- GB. Altman & Cn, i THE EVENING WORLD, THURSDAY, gations, Mr. Untermyer said nearly 40 per cent. of all insurance. company assets outside of this State had been invested in real estate. “Companies in this State,” he said, “have been decreasing their real es- tate investments, yielding to the lure of Wall Street. We are not asking this bill on a basis of the housing scarcity. We are placing It on the firmer and more permanant basis that realty investments are 26 per cent. better for the policy holders and the losses fewer than those re- sulting from present investmenta. “We are trying to get the fire in- MARCH surance conipanies to invest in the same sort of securities that life in- surance companies and savings banks have found so safté and satisfactory. “There are not any cats and dogs in the stock market that the fire in- surance companies have not got among their investments. Some of their securities are not even pate and dogs. They are unlabelled. A group of the large companies in thie State asa result of their investment policy have sustaned losses aggregating $10,- 000,000 or more through liquidating or falling markete. “The fire insurance companies sent Sth , Ribbons—ribbons! they are. Their latest u one to transform a semi-formal merely attaching a tri just one loop at one end, attachi' side ‘instead of the back), let both is charming! Tax Information, Bang ling ribbon as a train, loveliest of this season’s imported models thus feature ribbons. Select a piece of Ribbon about six inches wide, and make A Representative of the Internal Revenue Bureau may be found in our Fur Department, Fourth Floor, ready to give complet Income Avenue What obliging feminine prerogatives is for trains, making it possible for frock into a formal gown by Three of the ing that end to the side of the girdle (you know the newest trains have their source at the a single strand of the wide ribbon trail to any length desired, Or take four strands of narrower ribbon and arrange them likewise. And so unusual! The ‘effect of Then, too, fibbons are used this season for panels, which gives a new and interesting variation to panelled styles. Ribbons especially assembled for these purposes will be found in wide diversity on the main floor. 9, 1922, brainy and defiant men who are at the head of some of them to appeur be fore our committee. They told ux phat {t was none of our business how they Invested thelr tuads, We think that the time has come for « showdown. We want to know If these companies With $650,000,000 of unearned j re- miums in their hands are not amen. able tu any lawe , “Bach of a dozen large fre tn. surance © in New York earns un average of @ million in Inter. est cach year on unearnod premiums, ‘These people are Im the insurance business, not the stock gumbling bust- ness, but — from the lists of James Metre & Co. their Investments, ft looks as if with them Insurance was only a side issue “The National Board of Fire Up- derwritera has appeared here in op- posftion to this bill, ‘That is a very powerful but not a very reputable body. Our record shows that that board spent $40,000 of somebody's money for heinous advertising to dis- credit the work of this committee. In various ways it triet to destroy the Btate fund. We think that we can save from $300,000,000 to $400,000,000 ® year in insurance premiums and still have a very prosperous business for these companies." Baturday morning addresses made by the Rev, Dr, Prater man and the Rev. Dr, yuet Commodor which Alfred ‘D. Lind ‘will be ter. Sunday afternoon there pageant by the Religious Women’s Spring Gowns, 39.50 Homespuns Very Special, 1.50 a yard In:Nature’s Own Colors A charming diversity of Gowns priced far below their true value. ‘Those of Silk Lace over Satin are cap- tivating! And equally lovely are free- flowing styles of Romaine, Georgette and Canton Crepe and of Crepe de Chine. As smart as Parisian creations are those of Krepe Knit in two-tone effects flaunt-_ ing gay little swinging capes. Street styles of Tricotine and Poiret Twill are also included—exceptionally smart models. ace me enn Homespuns of excellent quality, in the tones of blue seen in lakes and cloudless skies —in the browns and greens of woodlands— in the violet hues of mists and mountain peaks at sundown, Se A Clearance of Odd Dresses, 22.50, One Model Illustrated Fashionable early Spring models of Tricotine, Poiret, Wool Jersey and Crepe de Chine. Sizes 34 to 46 but not in every style. °, (Fourth Floor) Sport Skirtings ’ ; In Gay or Subdued Designs Women’s Winter Wraps Reduced tin 45.00 Block Checks, Plaids and Stripes in the newst of Spring designs and _ colorings. formerly 75.00 and 85.00 seinches wide: yard, 25012) 810 100 handsome models, luxuriously fur- \ Black. As all are more or less conserva- trimmed and lined. Most of them have both collars and cuffs of Fur. Every fashionable color is represented, also wearable next season as now, (Fourth Floor) For Friday and Saturday A Preliminary Spring Sale of Men’s Neckwear Negligee Shirts & Pajamas Second Floor) tive in style they are likely to be just as at astonishingly low prices 1,800 Men’s Open-end Four-in-hand Scarfs Tweed Suits for Wonien 35.00 The new Tweed Suits in our Women’s Salon ~—than which no smarter are to be found— Values of Interest in Children’s Shoes Fur Neckpieces Are the Thing for Spring made of Swiss silks in satin moire and moire faille effects, in Children’s Black Calfskin Lace Shoes with Russian Sable Neckpieces.......-+-++++ 95.00 at 95c bit as sleck as a Tailleur of Tricotine. welt soles, sizes 834 to 11. 3.95 pha ai i A 5 A Baum Marten Neckpieces,.,.......++++- 65.00 . : . ia well d Girls’ Black Calfskin Lace Shoes, sizes i ‘i Every fashionable color is well represented, 1% to2. 4.95 Japanese Marten Neckpieces.........++- 28.50 as well as some new dark rich mixtures. Big Misses’ Tan or Black Calfskin Lace Shoes, Moleskin Neckpieces in various designs . .45.00 3,600 Men’s Negligee Shirts made of choice percale, in a wide range of colcredestripe patterns are fashioned of a quality of Tweed seen the shoulders and sleeves, Fourth Floor) hey are every sizes 2% to 7. Boys’ 9 to 2. (Second Floor) Tan or Black Calfskin Shoes, a . Pretty buttoned models of Patent Leather Two-skin Mink Neckpieces.........+++++ 45.00 colors and color combinations particularly appropriate for the dnly in suits of the better sort. for infants, sizes 234 to 5. 5 Sisal sel Neckpi Children’s ‘Sth @ patents Leather, (alee Siberian Squirrel Neckpieces..........+.+ 15.00 : 5 3 0 ent Lea at coming seasons And they are so beautifully moulded about 3% to 8. sides 2.25 Hudson Bay Sable Neckpieces........... 65.00. sizes 3.95 Entire Remaining Stock of Fur Coats Greatly Reduced in Prices (Fourth Floor) New Linoleum For the Kitchen, Pantry, Bathroom, ose Offices or Public Buildings and Stores. Heavier Quality Inlaid Linoleums sq. yard, 1.39 A variety of tile and conventional designs. at $1.35 A alectil Metre reery y Gale on Crystal Electric Washing Machines 59.50 Now being sold the country . Attractive New Inlaid Linoleums sq. yard, 1.19 * Genuine Inlaid Lino- leum in six attractive patterns. 2,400 Men’s Fancy-stripe Cotton Pajamas sat $1.55 + (Madison Avenue section, First Floor) LS eaatannmnnnanneshnanenanee SAGAS ARiAADSOAOADimapaanRe Dena aanianszananeeenecnsennenmneanengl For the Store or Office 5000 Sq. Yds. of Plain Brown Light Battleship Linoleums 1.59 per square vari over for 119.00 The Crystal has been recognized as one of the best Washing Machines on the market. The selection of the materials and detail of construction were made to Very Specially Priced ‘ \ insure durability and long, efficient service net ave ever announced . Madison Avenue - Fifth Avenue, New York Binks annem eeu ty esta Liuedv/dorieletalfittean minaeen apee | Thirty fourth Street PI Pee oF lessly clean. leh Thirty-fifth Strest tease | Sirth Floor