The evening world. Newspaper, April 25, 1922, Page 1

oa ety EDITION —————, [* Otroutation Books Open to All. _——————— IN THE EVENING WORLD” ee ewe . VOL, LXII. ‘Xo. 22,009—DAILY. (New York “Work by Press Copyright 1928, Fettablag Compsey, _NEW YORK, “TUESDAY, "APRIL 25, 1922, To-Morrow's Weather-—SHOWERS. Fatered as Second-Clase Mw Post Office, New York, N. ¥. "PRICE THREE CENTS HARDING ACTS TOE FAILURE WITH sible a ARRESTED. Yan. 17; inside details of the manner swindled are only now coming to light. wally torn away from the method in which the firm's business was conducted, ft begins to be established that the disregard shown terests of customers is without precedent in Wall Stree age annals. There is unfolded a , atery of buccaneering and buch Of dollars at stake; of how the life savings of | “K+ e travagantly and blithely squis.)s paying princely bucketverlf® possible. There ts involved, too, the calling in of powerful Political aid for the purpose of prolonging the financiai debauch, and of the connivance of Wall Street houses who always withdraw into a sanctuary of holy inno- when mention on cence irregular cents on the dollar. nothing more than a bucketshop. Bice D. Hughes and Elmore D. Dier. @n unsullied reputation. Bucceeded in being reinstated. while this: member firm might, onnection was held. to what little prestige the firm Exchange. (Continued on AMAZING STORY OF DIER AND VANISHED $4 000000 Powerful Influences and Connivance of Wall Street Houses Made Pos- “Bucketeering Orgy” Which Thousands Lost Savings— AND NO ONE HAS YET BEEN Although the stock brokerage firni of E. brokerage practice. When the orgy was ended it was found that up- ward” of $4,000,000 belonging to customers had vanished. are now striving to secure for creditors more than ten One of the most amazing features of the case is that so many people intrusted their money and securities with Dier & Company, when inquiry would have developed that it had an unsavory reputation in financial gircles; that it was a matter of common gossip in Wall Street that the house was No less amazing is the fact that Dier & Company was permitted to prac- its financial legerdemain for so long a period when an investigation by authorities who had the power to make such investigation would have dis closed the rottenness of the firm’s financial structure. E. D. Dier & Company was successor to Hughes & Dier. was organized about eight years ago. Partnership consisted of Colonel Henry The former put into the tirm as capital his experience as a broker and a seat on the Philadelphia Stock Exchange. vontribution of Dier was $50,000 in cash. The firm prospeted and grew for a time, but it was never able to sustain It was expelled from the Philadelphia Stock Ex- change in 1915, or only about a year after the firm was formed, but later In 1918 the New York Stock Exchange informed one of its member f'rms that sought permission to have a wire connection with Hughes ,& Dier that if its judgment dictated, have the wire in- stalled, it would be held strictly accountable if it developed that Hughes & Dier pursued any irregular brokerage practice during the time such wire While the firm in question decided not to install the wire the ruling is interesting in view of subsequent developments. Reputation of Hughes & Dier grew from bad to worse until in May of last the New York Stock Exchange ripped out its ticker service. bfterward Colone) Hughes was again expelled from the Philadelphia Stock Yet the firm was permitted to continue in business for another seven months under the name of E. D. Dier & Company. @ fog of mystety surrounding the intimate details of management prior to the retirement of Colonel Hughes, the record of management in the seven ths prior to its collapse has now been unfolded. ‘What added immensely to the size of the failure was that at about the 8 000 DUPES STRONG 10 WORLD President: Thinks ( Conference of Bankers Will Do Much to End Distress. FAVORS MORGAN GOING 1N|Financier’s Participation in Reparations Approved by Government. By David Lawrence. (Special Correspondent of The Eve- ning World.) WASHINGTON, April (Copy right).—Financial phases of world re- construction are developing which may bring the United States into ac- tive co-operation with the economic forces of Europe. President Harding let it be Known to-day that the invitation to the Fed- eral Reserve Board to participate in a conference of banking institutfon to be called by. if Mypk. of Wixlane || would be ‘accepted: He announced that Benjamin Strong, Governor of the Federal Reserve Bank of New York City, would be sent abroad to represent the Federal Reserve system. The President believes the confer- nee can do usful things and that America may be able to be of con- siderable help. Mr. Harding explained also that the United States Government had no ob- jection to Mr. Morgan's attendance at the meeting of bankers summoned by the Reparations Commission. So far as known, the new plan is to stabilize exchange. It is not thought that the various paper cur- rencies of Europe can be brought back to their normal value by any artificial measures, but it {s believed something can be done to prevent marked fluctuations, especially with the certainty of a big international loan which will take care of the ob- lgations of Germany. The announcement by J. P. Morgan that he has accepted the invitation of the Reparations Commission to dis- cuss the chances of selling in Amer- ica an International loan to Germany is only one of a number of ¢o-inci- dent steps which are gradually being taken with a view to financial co- operation by Allies and former foes. If J. P. Morgun believes a German loan can be floated, provided it is fuaranteed or indorsed by several of the Allied and Associated Powers, the formation of an American banking group would probably be encouraged and the moral support of the United States Government will then have to be won. COURT SAYS $87.55 CAN'T DRESS GIRL E. D. Dier & Company fatled on 25 in which customers of the firm were As the veil of secrecy is being grad- * the rights and in- smudged broker- g& with millions’ eople were ex- bigh living ani wularies 0, GWri'e who made the is made of bucketing or other approximately 8,000 Out of this wre: ok receivers The latter firm The This was a Almost immediately had remaining. And while there Increases Minimum Wages in Fourth Page.) Kansas 17.6 Per Cent.—Em- 3 PARIS, April 25 (Copyright, United Press).—Mary Landon Baker's Jour- ey to Europe has ended in a lovers’ meeting, after all, and there'll be a honeymoon in June. The Chicago heiress and Allister MoCormick to-day issued a formal Joimt statement through the United Press, as follows: “You can announce that we iniend to marry in Londen at the end of June, The church has not yet been fecided upon. “We will spend our honeymoon in Purope, afer which we will probably jnake our home both in Chicago ang in Mary Ends Her Contrary Spell; Will Wed McCormick in June Joint Statement Issued by Herself and Fiance in Paris Says They Will Be Married. ployers to Fight. TOPEKA, Kan., April 25.—Kansas working girls need not dress on $87.55 & year and wear 25-cent stockings, the Kansas Industrial Court to-day ruled in issuing a tentative order in- creasing the minimum wage for women approximately 17.6 per cent. Employers will fight the tentative order at a final hearing before the court May 19, it was announced, LENINE UNDER KNIFE FOR BULLET IN SIDE “Until the end of May, when wé go to London, we wil! remain on the Con- tinent. “We have decided to issue this statement through the United Press in order to avoid further publicity.” Mrs, Biker, mother of the bride- to-be, gave the above statement her Slug Extracted and Patient Doing Well, Says Riga approval and the children a blessing Dispatch. in advance, and announced that] RIGA, Latvia, April 25 (Associated Mary's fondest wish this side of the Press).—Premier Lenin of Soviet Rus- end of June was to be left alone to enjoy Paris, The mysterious figure of Harry Channon of Chicago, supposed rival of McCormick, to-day faded gracefully into the background, Sia was operated on yesterday, says a report from Moscow to-day, A bul- let, which had troubled him for three years, was extracted from his side, Last accounts were that the patient was doing well. HARDING TO SEND |Harding Taking Steps to Stop MONEY CONGRESS corernmen ND GREAT COAL Strike in Nation’s Coal Fields Without Control of Indusiry of Problems to Be Working on Permanent Solution Presented to Both Sides at First Opportunity. WASHINGTON, D. C., April 25.— The Government is working on a plan looking to ending of the coal strike, which it will submit soon to ‘both operators and union leaders, it was said to-day at the White Houee. Details of the plan were not dis- closed, but it was said it does not in- elude Federal supervision of the coal industry. The plan which now is receiving the attention of President Harding and his advisers was said to contemplate a permanent solution, if possible, of the basic problems of the industry. Pres- entation of the plan, it was indicated, would be made when a favorable op- portunity presents itself. SPRINGFIELD, Il, April Negotiation of separate State wage agreements by striking coal miners in Kentucky and Tennessee was an- nounced to-day by Frank Farrington, Mlinois President of the United Mine Worker: eparate wage agreements by locals in Illinois are imminent, he added In Alabama, he said, the State union officers have instructed mem- bers to continue at work. GIRL, 5, BELIEVED CITY BOND ISSUE “SUN, MAY HAVE | OVERSUBSCRIBED DED OF OF FRIGHT|MORE THANE B TIMES Autopsy Reveals Reveals Child Did] Entire Offering 1 Taken by Not Die Violent Death— Man Held. After un autopsy to-day Assistant Medical Examiner Benjamin Schwartz reported that Lillian Givner, the five- year-old girl of No. 177 East Houston Street, whose body was found at mid- night in the washroom in the tene- ment in the rear of her home, showed no signs that she had died of vio- lence. She certainly had not been strangled, he said, and there were no wounds on her head or any other evi- dence that she had been assaulted. Dr. Schwartz said that it was possi- ble that the child might have died of fright. Dr. Schwartz said there were indi- cations of weaknesses of the lungs and heart and a general condition existed indicating that the little girl's constitution was such that she would easily succumb to a shock of fright or intense excitement. Wassil Guroya was held without bail in Essex Market Court to-day on the charge by Detective Herbert of the Clinton Street Station that it was believed he knew something of the child's death. Guroya has for some time, with Paul Colinsky, shared a room adjoining the washroom in which the body of Lillian was found. When Herbert forced his way into the room early this morning he found Guroya fully dressed and obviously trembling with fright. Guroya said Colinsky, who formerly worked for Isador Givner, Lillian’s father, in a factory next door, had been in New Jersey for some time. Detective Herbert said to-day that he had found several persons in the house who had visited the washroom up to half past ten o'clock last night and the little girl's body was not there then, One boy told Herbert that wien he was in the washroom at 8 o'click he heard sounds as of a fight in Colin- (Continued on Second Page.) ACTRESS IS KILLED BY BLAZING DRESS Fiance Is Badly Burned Trying to Beat Out Fire With His Hands. JHKEEPSIE, N. Y., Miss Una Carpenti Night in Honolulu, celved at the Maxwell Opera Hou in Kingston, when the straw drevs which she wore in her role of an Huwal dancer caught fire in her dressing room Her fiance, Lester Smith, who was siso her leading man, was badly burned tn iy to beat out the flames e young Deople were to have been married in June, sd Speyer & Co, at Bid of 102.766. Comptroller Craig opened at noon to-day bids for new issues of New York City corporate stock bearing In- terest at the rate of 41-4 per cent. and to run for fifty years. The successful bidder was Speyer & Co. Its bid was for all or none of the issue at 102.766. This bid was at an income basis of approximately 4.11 per cent. and easily overtopped all other bidders. The offering was one of the most successful in recent year. The Speyer bid gives the city a premium of $1,244,700. The offering vis more than eight times over subscribed. Other bids received were J. P. Morgan & Co, for all or none of the issue st 101.1287 or any part at 100.2797. A syndicate composed of Dillon, Read & Co. Kuhn, Loeb & Co. and Kidder, Peabody & Co, bid 100.677 for all or none of the issue and 100.127 tor any part. Associated with Speyer & Co, were the Bank of the Manhattan Company Ladenburg, Thalmann & Co., Bank of America, Title Guarantee & Trust Co., Hanover National Bank, Domi- nick & Dominick, J. 8. Bache & Co. and others. Comptroller Craig, commenting on the sale, sald: “I have nothing to say. The results speak for them- selves,” ite FLORIDA SEAPLANE MISSING; 6 ABOARD Naval Aircraft Searching for Pass- engers Gone Since Early Yesterday. KEY WEST, Fla., April 25.—The commercial seaplane Santa Maria, which left here Monday at 6.10 A. M. for Nassau, with six persons aboard, including a woman, has not arrived at its destination und naval seaplanes of the Atlantic Squadron left here early to-day to search for it. On board the plane were Pilots Mu- sick and Richardson, Mechanic Rod- erick, Dr. Eugene Lowe, Lesiie Curry and @ woman passenger from Ha- vana, whose name h not been learned, Dr. Lowe and Mr. Curry, who is a pharmacist, were en route to attend Duke Schiller, seaplane pilot, who was mobbed and seriously injured at Nassau last week when, it it be- Neved, he was mistaken for @ Pro- bibition officer, HYLAN'SBRAN THIN, CHANDLER'S RETORT TO MANDATE BOAST Mayor Tells House Committee He Speaks for People, and Is Challenged. 2TION THREAT MAD His Honor Warns ; Member He May Find There Is Depth to His Power at Polls. FRENCH SIR CONAN DOYLE NOT ONLY ONE 10 TAKE SPIRIT PROTO Newark Woman Believes She Has a Picture of Her Uncle Dead Ten Years. EL (Special From a Staff Correspondent of The Evening World.) WASHINGTON, April 25.—At a hectic session of the House Judiciary Committee to-day, Mayor Hylan of New York told the committee in gen- eral and Representative Chandler, the New York member, in particular, that the people of Greater New York are overwhelmingly for the Bacharach bill, designed to prevent Federa! Dis- trict Courts from setting aside or nullifying the findings of State utility commissions, a A lively colloquy between Repre- fi sentative Chandler and the Mayor re- sulted. “I bring a message from the people of New York to the New York repre- sentative on the committee,” declared Sir Arthur Conan Doyle is not the only one who can exhibit pictures of spirits appearing in ectoplasm, that mysterious ‘substance which the creator of Sherlock Holmes says emanates from the bodies of mediums. The Newark, N. J., Star-Bagle to- day published a photograph taken by Mrs. Mary Haug, which Mra. Haug believes shows the spirit likeness of an uncle who died ten years ago, Hylan, immediately drawing the fire eras FP oniuaes She believed that her daughter “Do you claim you bring a message| Isabel, seven, alno in the pleture, was the people of New York for this|in communication with the spirit queried Chandler. world, "Yes," said Hylan. Nii oe “The picture was made with an KG as ra the Kid tea! York api ordinary camera,” Mrs. Haugh méssage is intended especially for| tact: “it was my daughter's me,'"‘sald Chandler, ‘and 1 would like] (Tthaay and) we had presented « camera to her. “TI took her picture standing on the Porch steps and had the rofl of film developed at a drug store. When I looked at the film and print, I was ustonished to see in the lower left- hand corner, a portrait of my uncle, to ask you a few questions, I am. keenly sensitive to political mandates, but I must understand, first, that it is & mandate; second, that it is from the people, and third, that it has refer- ence to a legislative matter engaging my attention: William Henry Breeland, who died “Will ou kindly tell me how thelten years ago. Certain details mandate originated? Has there been} strengthened my belief it was a spirit a referendum on this subject In New] photograph." York at any time?" Mrs. Haug explained that her “My overwhelming election author- ized me to speak for the people,"’ re- torted Hylan. “Was the question now before the Judiclary Commitice an issue In your campaign?’ persisted Chandler. The Mayor's answer was inaduible, “If that is all you have as a man- date I refuse to ucoept it,’ said Chandler, adding he did not believe Hyland was qualified to speak for the people of New York on the matter, Chandler also wanted to know whether the settlement of the 6-cent fare by the Mayoralty election result authorized the Mayor to carry a mandate to settle the economic dif- ficulties of Europe. “Your argument Is very thin,” said the Mayor. “Like your brain,” came back Chandler, whereupon the Chairman rapped for order. “If you carry on in New York much longer you will learn how thin my mind is," sald Hylan “My carrying on in New York," re- plied Chandler, “isn't dependant upon you or your party,” The Mayor left with a threat against Chandler's political life upon his lips and Chandler shouting that whenever his political existence be- came dependant upon’"a mun like Hylan” he was willing to retire. Mayor Hylan stated that he ap- peared with the Board of Estimate and Apportionment and other officials uncle had died from the effects of an accident, in which his right hand haa been torn off. “The picture shows that the right 1 is missing,” she continued, Not believing my own eyes alone, I showed the picture to my aunt, wife of Mr. Breeland, who as soon as she saw the picture, recognized it as that of her husband, Mrs, Haug, who says her daughter was born with double vells over her eyes, was sure that the child was able to communicate with the spirit world. “At the age of three, she showed that she could see what others could not,"’ Mrs, Haug said, “we scolded her a great deal, and it made her mind come back with full force." VETERANS ACCEPT NEW BONUS PLAN Soldiers’ Delegates Approve Pro- ject for Insurance With Borrowing Privilege. WASHINGTON, April 25.—Rgpre- sentatives of veterans’ organizations to-day virtually accepted the new Smoot-McCumber Soldier Bonus plan in a conference with Republican mem- bers.of the Finance Committee. This means that if the plan proves of New York City “despite Many/acceptable to a majority of the Re- pressing engagements at home, 80] publicans in the Senate the bonus that we may all the more deeply im-|will consist primarily of a twenty- press upon your committee and the|year insurance plan, probably with a legislative body of which you are @] provision under which the ex-service part the urgent necessity of legisia- tive relief," such as proposed in the Bacharach Bill, The Mayor declared the conditions man can borrow from a bank after three to five years \ as ES SETS WOODPILE AFIRE It seeks to meet are not peculiar alone to New York and New Jorsy, but to] HANGS SELF ATOP OF IT every municipality in the country - “Every pol in ee ion try cat| SYRACUSE, April 25.—Charles Hae with private utility corporations and monds, fifty tive, a Dent ark farmer, with rates charged by them,”’ le con-| killed himself at the home of his sls- tinued, “should be interested to align OUs, early this itself In support of the Bacharach two automo- Bu." and a with gasoline, climbing atop of the latter after set- ting fire to it and hanging himself, The barn burned to the ground, the cars were destroyed and only ashes were left in place of the wood pile, STRIKE WILL GIVE RUSSIANS 48 HOURS 10 DROP DEMANDS OR QUIT GENOA CONFERENCE Explicit Instructions From Paris Order Delegation to Carry Out in Full Policy as Laid Down by Poincare. ‘Cannot Continue to Bargain,’ Lloyd George Declares in Outlining British Policy of No Quarrel With, Anyone. LONDON, April 25 (Associated Press).—There is reliable informa- tion, declares a Central News do- spatch from Genoa to-day, that M. Barthou of the French delegation received telegraphically this morn- ing explfoit instructions Jo ingist w the conference ‘upon the terms con- tained in Premier Poincare's speech of yesterday. The French delegation, says message, has declared it would for a forty-eight-hour ultimatum to Ru or else break from the con- ference altogether. ? Premier Poincare’s speech created great consternation in conference circles, it ts added. Prime Minister Lioyd George, ad- dressing press representatives at Genoa, authorized them to transmit an appeal from him to the British public asking it not to accept state~ ments appearnig in some of the Eng- lish papers regarding the Genoa con ference until he had an opportunity of dealing with them in Parliament, says a second Central News dispatoh from Genoa to-day. The dispateh quotes him as continuing: “Premier Paincare’s speech was a very serious declaration made with- out any consultation with the Allies and is not calculated to improve co- operation among the Allies. It has nothing to do with Genoa, but French opinion is undoubtedly being inflamed by misstatements alleging the British are pursuing a policy of secret talks. “Our policy is that we have ne quarre! with the Russian people and ido not fear a German-Russian menace, to prevent Eu- becoming a sham- “We want to adopt an open, hu- mane policy, but the attitude of dele- gutes towards a settlement makes our work difficult. We cannot continue to bargain.”” RUSSIAN DEMANDS FLATLY REJECTED AS TOO IMPOSING Allies Take Firm Stand When Soviet Insists on Terms as in German Treaty. GENOA, April 25 (United Press). —Allied experts met to-day to con- sider a fresh crisis at Genoa, created by new and more imposing Russian demands. Chitcherin and his colleagues, once the air was cleared of trouble stirred up by the Russo-German treaty, and they were back in committee, pro- duced a completely novel set of claims. They wanted cancellation of thele: war debts, a thirty-year moratorium and an international loan, The Allied members of the Ex~ perts' Commission found these sug~ gestions most unacceptable and Sir’ Lamtng Worthington-Evans in- formed the Russians it was useless to continue the session, He announced the reply of the experts to the new suczestions would be considered to-day. Meanwhile, the heads of the Allied delegations, apprised of Russia's change of front, took @ @rm stang