The evening world. Newspaper, June 16, 1922, Page 14

SOSH BEY ~ ROBBED WORKEN' ~OMPENSATION FUND (Continued From First Page.) come before the Assembly for a vote.” Assemblyman MeWhinney — ayain went into elaborate details of how hard he had worked for the insurancs bill. If Mr. Untermyer was im- pressed, he disguised his feelings very well, He did remind McWhinney that the Rules Comfmittee permitted him Just five minutes of eloquence in favor of the bill on the last day of the session. He said that didn't get one very far. ‘The real purpose of the Lockwood Committee's counsel, in showing up the “business connections'’ of certain ‘Might be Senatorial developments be-| legislators, became apparent when he Tore the end of the day, showing how in members of the Legislature, called to the stand Henry Mendes, the committee’s accountant, who had made a close study of investments [who have figured as obstructionists|made by up-State fire insurance com lagainst legislation affecting the curb-| panies. ting of fire insurance companies, are} Proved Unterested in certain speculative stocks] (inion and excelsior, Among the companies by the committee's expert were the Agrioultural, Glens Falls, An important ‘im which fire insurance compantes| point developed was that the indus- jalso have a peculiar interest. trial holdings of fire insurance com- The defeated fire insurance bills,|Panies. according to reports filed with 4 the State Insurance Departmeni, jMr. Untermyer said, were designed to} snow q joss, The loss of the Agri restrict the character of investments} oultural Company, for instance, wa ‘hy insurance companies, - In iwords the defeated legislation would have prevented fire’ insurance com- ‘pany directors from forming syn- Micates and selling securities to them- fsel¥ee—eecurities which greatly de- Hireclated in the market after the di- HBbtors and ‘skimmed’ thelr unders rs’ fees, other | $232,710. ‘Has the State Federation of Labor been endeavoring to secure the pas#4- age of legislation that-would make workmen's compensation insurance State monopoly?" asked Mr. Unter myer of Mr, O'Hanlon. “I believe it is one of the items in our present platform,” replied the Mr. Untermyer read into the record | witness. he investments of a number of up- State fire insurance companies. delieved that he will follow this ith the names of a number of promi- fon up-State politicians in an attempt} law was passed in to “How long have you been endeav It] oring to secure this legislation?” “Since 1907."* ‘The witness went on to explain Mists com pensation 910, but that it show their connection with the fire] was declared unconstitutiona) fimsurance companies. “Have you had occasion to observ. 4 Losses sustained by four local fire}the workings of the present law’’ surance corhpanies in investments} Mr. Untermyer then asked. fthrough depreciating markets up to . 21, 1921, totalled $879,820, imittee’s accountant. The com- nies which suffered the losses were ye Continental, Fidelity, Phoenix, merican Eagle and the Home. Up-State fire insurance companies ac- | torily, rding to the Lockwood Housing] it is “It is not working very satisfac- replied the witness. ‘‘Besides, very expensive.” “How much of the premiums are absorbed in the expenses of the ate companies?” (hirty-five to 40 per éent." ‘In Ohio, where the State insurance pr also examined. They include the}is a monopoly, what are the expenses ieultural, Blenns Falls, Union and/of the funds Isior. Their holdings, according] premiums paid in?'’ } the reports filed with the State In- ince Department, show a loss. The | cent., Agricultural, | cent. gest loser is the hose stock investments depreciated |_ The Untermyer law, it is{employer to take\out insurance, what Jaimed, would have prevented this, | Justification do you see for the em cause of the requirements it would | pl 282,710. jemand of investments. 4 It developed that, under the present | S°ry” “4 “State workmen's conipensation law, ‘None whatever. Gthe private insurance companies| ‘What commissions do the private monopolize about 91 per cent. of the/ company agents get?" siness, the-other, 9 per cent. beitty jandied through a ‘State fund. John {M. O'Hanlon, the head of the Ameri-|sions to its agents, where ta ‘can Federation of Labor Legislative|has a monopoly of the insurance?’ ittee, declared that $40,000,000 a ions. He agreed with Mr. Unter- ee. Every attempt to pass a bill giving ‘vate insurance company lobbyists. the Rules Committee of the Assembly, ich is controlled by Speaker H. und Machold, was responsible for ition. The Untermyer measure, it the counsel “apeculative stock: referred to he said, owed immense losses. y of Nassau, who is « personat friend of Speaker Machold, and who is member of the Lockwood Honsing ommittee, to which he was appointed yy Machold, informed Mr. Untermyer [Mat-he and Assemblyman George N. Gesse, who sat next him, had worked “fhard to have the Rules Committee dis- harged from further consideration of ithe insurance bill. | “The bill did not come to a vote in Assembly,” said Mr, Untermyer; iT repeat it was defeated in the ‘Rules Committee." { “I would like the record to show “that the bill restricting investments ‘of insurance companies did come be-|-+ “tore the Assembly for @ vote,” in- “sisted McWhinney. “‘It was my reso- Uution which called for getting the Ybill out of committee. 1 believe It ‘received firty-four votes, when jenty-six votes were necessary.” | Assemblyman Jesse backed up MeWhinney and told how -hard they ‘had worked for the passage of the ‘pill, which would have kept insur- sev- ‘ance companies within conservative investment bounds. “You tried to get the bill passed jon the last day of the session—yes, I jrecall it distinctly.” said Mr. Unter- imyer with a smile and a wink at the jeudience tyes,” mitted Jesae. | “well, aid Mr. Untermyer, GRAND Rapips FURNITURE SE FISHER Bros COLUMBUS AVE BET. 103" & 104" ST r is spent on workmen's compensa- | Salary. yer that a State monopoly of work.| propaganda against the State fund by en's insurance would render a great|the private insurance companies of rvice to both employer and em-|this State? ithe State a monopoly of workmen's}the insurance,’ went on Mr. Unter- insurance, he said, is defeated by pri-|myer, ‘is it not a fact that the pri- Mr. Untermyer openly charged that/rumors to the effect that the fund 1 defeat of his fire insurance legis-| Knight's it | committee, ted into law, would have prevent- 'this year. these companies from acquiring |required the rewriting of that section as of the law that the State is liable and He proved by |the employer who takes out insurance that |from the State fund is completely re- Assemblyman Thomas A, McWhin- | paid." “the main thing is that the bill did not there as against the “Some were between 3 and 4 per as against the 35 to 40° per here,"’ replied O'Hanlon ‘Where the Legislature compels an ying of agents al? over the State to solicit insurance that is compul , ‘ “From 17 to 18 per cent.’’ “Does the State pay any commis- the State “No; it pays its agents a straight “Is there anything in the nature of asked Mr. Untermyer. “There is,” replied Mr. O'Hanlon. “And with the State responsible for vate companies were circulating itself was insolvent?” “That is 80," repliel O'Hanlon, ‘and that is even stated in Senator report of his legislative made to the Legislature that the misrepresentation leased and the insurance must be oe EARTH TREMORS FELT IN ARIZONA; NO DAMAGE YUMA, Ariz,’ June 16.—Three earthquake shocks wens *"* *-~o yes- terday. Many An worn 9 1 from stcep by the first tremble. The ot... followed at thirty-miz<!> fn- tervals. None of th= ~* 3 Severe nor lo=~ of duration, and no s done. June Cc COVERED PEPPERM! PATTIES GEMS Re, POUND N’ MOGULS HALF LB. Covered Fresh Thees Berries are Big, Red and luscious and abundant’ with “warw 49c Regularly 89c. SPECIAL POUND NET i ven, tf NNY A. POUND PROFIT | a SPECIAL for FRIDAY & SA TURDAY 54 ‘Tothe Good’ Age POUND NET ASSORTED SPICED ey A 29¢ MILK CHOCOLATE HALF LB. wer FDO CHOCOLATE COVERED NUTTED Regularly } Lip Oe 30c While they last Strawberries THE EVENING WORLD, FRIDAY, JUNE 16, 1922, MONARCHIST PLOT Socialist Organs Warn Against Coup d’Etat on June 28. BERLIN, .June 16 (Associated Press).—The Independent oclalist newspaper Die Freihelt, features a sensational) communication from “a well-informed source’ announcing that a Pan-German “putseh’ is im. pending It is charged that the military parades, such as the Von Hindenburg celebrations, held recently, were not merely theatrical displays but serious preParations for a monarehist coup d'etat which is to be preceded by u sort of St. Bartholomew's night, in which all persons on a special black list will be given short @hrift, and that the Ministry of Defense and iho police are implicated. Resolutions warning against prob- able demonstrations against the re- public, June 28, were adopted yesterday by the directorate of the Majority Socialist Pafty, the Soctalist Vorwaerts announces. ‘The resolutions say the Nationalist ith German ers and teported as intending to hold demonstrations on that date, the anniversary of the signing of the ‘Treaty of Versailles, and recommends that the Socialist Pa on guard. picconaninhirst bil "sts SHOT AWAKENS GIRL, FINDS FATHER DEAD rifth Avenue Merchant Shoots Self in Hem Pa Albert E. Bennett, a well-to-do busi- ness man, reached under the pillow 6f his bed this morning, drew out his gun and shot himself through the head. Mr Bennett's daughter Edith was awakened about 6.30 o'clock by the report of the revolver. Running into her father's room she found him lying In bed with a-pistol in his hand. Dr. Pritchard of the Brad- ford Street Hospital, responded to Miss Bennett's call. He said death was in- stantaneous, Mr. Bennett, sixty-one, lived at No. 230 Fifth Avenue, as silent partner in the cutlery firm of De Boer & Bach set for associations ex-soldiers Bet. B'way 144 W. 34th Steana 7th Ave. Up One Flight, Open 9AM.—7PM. Come Upstairs and Save Money Exceptional Values IN GRADUATION DRESSES Exquisite Models in Georgette} and Crepe de Chine 10.98 12.98 14.98 19.98 We Carry Sizes 2 to 16 16th and 17th All Three Pounds for 99: E CREOLE Briarclit! Milk Chocolate! | FOR EXACT LOCATIONS SEE TELEPHONE DIRECTORY . ALDERMAN O’ROURKE RUMOR IN GERMANY] GETS PUBLIC WORKS JoB WILSON SIGNS TO FIGHT GIBBONS OKLAHOMA CITY, June 16,— johnny Wilson, champion middie- Announcement was made to-day by weight boxer, has been signed to Matthew J. Cehit, President of the} agit Mike Gibbons of St, Paul at Borough of Richmond, gf the appoint- Colorado Springs in the near future, ment of Alderman John /J, O'Rourke as|Dan V. Lackey, local boxing pro- Assistant Commissioner of Public} moter announced to-day, — Wilson, Works. ’ who will be guaranteed $25,000, wired hani father Alderman O'Rourke went immediately to the offices of Murray Hulbert, Presi- t of the Board of Aldermen, and ed in his resignation as a city He has been a member of the Board for twelve years, Stapleton Alder y, ace his acceptance of the offer to-d cording to 1 y NPR FOR DR. SOBEL TURSDAY. \ testimonal dinner will be given at the Hotel McAlpin ob J: Sobel, assistant director ju of Child Hygiene of the artment, who has resigned GIy He lives in and represented the 64th|' District, dn his new posi-Jjouith 1 tion O'Rourke wi receive a salary of w y en $4, 100. an alderman. he received | fer "went Latha foe al ah bat $2,000 sit A man who had in his Typographical Union card bearing the name Place killed about Valen Brooklyn, at Canal and Varick Streets at noon to-day by a truek of the Fleisch- man Service Company of No. 112 Wail- Street, Brooklyn.’ ‘The driv Sudak of No, dine Pkin y nue, Brooklyn was arrestes SCORES SHE TRAINMAN KILLED. Within sight of more than a score of persons on the platform of the Long Island station, George Levy, a trainman, was killed to-day by the engine of the pylon Express. The engineer did not know of the accident and the train con- tinued. Levy was trainman on a local, stopped for switching. His home was at No. 30 Franklin Street, Jamaica — elaine CHRISTIAN STANDARD DIES [NY OREGON WALLA WALLA, Wash., rho Rey. James Lord died a BY Aro IVER ARRESTHD, Pocket a 1. Benson’ No. 132 second was run down and EDITOR Tune 16,— Milton, Ore., last night, aged seventy-two years. we ard, organ of the Christian Church, for fourteen years, rrr, The Cali of the ee nn editor of the Christian Stand- Out-of-Doors Time to take your lunch out into the open and enjoy a picnic dinner in the fields and woods. Hard boiled eggs, cold meats, sandwich- ¢s, fried chicken, sardines and salads taste twice as good out of doors—and three times as good if sea- soned with MADE IN U. S. A. At Grocers and Delicatessen Stores E, Pritchard, 327 Spring St., N. Y. ‘A National institution Announce A FINAL SALE Men’s and Young Men’sSpring Suits | $25 and $30 Suits to Close at $35, $40 and $45 Suits to Close at "32," $50, $55 and $60°Suit to Gore at °37.™ This sale does not include the Tropical Worsteds, Golf Suits, or blues and blacks, but comprises our entire stock outside of these _| items, all this season's fabrics and models—nothing reserved. All these suits are manufactured by Browning, King & Co. and were | unusual values at their former prices because we sell you direct | and save you the whalesaler’s profit. No Extra Charge For Alterations Sale At All Three Stores Broadway and 32nd St. Prowning King FG. Cooper Sq. at 5th St. BROOKLYN: Fulton St. at DeKalb Ave. 22°) OT TAT A eD Eclipse Eclipse Never-Dull Pencils, gold filled, or Sterling Silver, plain or decorated, with a clip or ring. each, 1,00 Eclipse Combina- tion Pen and Pencil set, gold filled, hand- somely decorated. There is a choice of two sizes, ring or clip. In attractive plush box. set, 3,50 a clip or ring. Fifth Fountain Pens and Pencils Suitable Gifts for Graduation at Special Prices Eclipse Fountain Pens and Pencils are not only exceedingly attractive, but use will prove that they are particularly well made. Eclipse Fountain Pens with 14-kt. Gold pen point, self filler, plain, decorated or mounted with gold bands Eclipse Fountain Pens, fitted with 14-kt. point, gold mounts, ring and sautoire, pony and regulation size, vce James MeCreery & Co. and fitted with each, 1,00 each, 1,59 34th Street FOURTEENTH STREET REARN Founded 1827 Women’s and Misses’ Summer Sport Clothes Specials from our just opened New Depart- ment of Sports Wear for women and misses. Assortments evidence the charm of the styles © displayed in this section, and values s how great the savings afforded by its prices. Second Floor Khaki Women’s and Misses’ | Misses’ Khaki Knicker Knicker Shirts “Khaki — tion style—sizes 34 to 44—were $2.94 Women’s and Misses’ SPORT DRESSES of Colored Shantung dress. well tailored—regula- -Near Escalator 15.75 Were $18.73 The effective model pictured comes in sport shades com- bined with collar, vestee and sleeves of oyster white em- roidered in the color of the Models in tangerine, honeydew and coral. 14 to 42. In Harding blue and nep- tune. Sizes 14 to 44. for Camping | Suits Sleeveless e 20 years — were New Sweaters and Scarfs Novelty Slip-over Sweaters—of full fash white and wool and silk fibre ioned — two tone — orehid, jade and white ing blue, all white—elsewhere 96.95, buff with white and Sport Hats Special 1.84 This collection of dashing hats, colored like @ rainbow, includes roll brim sailors with wool flowers and border, leghorns, felt and straw, and straw lined silk combinations smartly trimmed with feathers, tassels, qu'lls, ribbons and novelties. Women’s Worsted BATHI girdle | with jade, black— | were $36.00 Fibre Silk Scarfa— were $2.94. . Hard- 5.84 | NG SUITS Special 4.25 Model pictured has col- ored top and black skirt. Another style is in solid black or navy with smart white buckle belt. Sizes 36 to 44 Women’s Black Cotton Bathing Tights—sizes $4 to 46......... .5% Women’s Black Surf Satin Bathing Bloomers——triple shirring at knees—all sizes, 104 SS! See Pages 11, 12 and 31 for Other Hearn Advertising | WEST OF FIFTH AVE. Ww Sizes also models of gray cotton mixtures—sizes 14 2.24 | ssdendsr00." 97 | Pure Sille Sweaters—two tone —hand drawn motifs—two tone combinations of orchid white with red and 29.94 ....1.94 @