davidaulloa/AmericanStories huggingface dataset:
The New York herald., 1920-01-20
Mosconi Family
on Palaces Bill

In the Palace Theatre yesterday there
was presented for this week vaudeville
bill of unusual diversity and novelty. The
NIosconi Brothers supplied the latter good
quality with their new dancing act, in
which they introduced their two brothers.
their young sister and their father. who
taught them all. Their mother was IN the
wings TO brush off Miss Mosconi after her
unbelievable gyrations
Allan Rogers. tenor. distinguished him.
self as a vaudeville soloist, winning much
applause. The -Four Marx Brothers had a
pleasing musical comedy sketch. Thomas
f. Shea had well staged triplet of scenes
from THE Cardinal" '"rhe Bells and
"Dr. Jslyll and Mr. Hyde" and was tragic
enough to hold the audience tight.
Other numbers were Last Night" a
tabloid musical comedy in which appeared
Earl Cavanaugh, Walter Clinton, Miss
.Iulia Rooney and seven others, this being
a production of Laurence Schwab, who has
entered the vaudeville field Thomas Du-
gan and Miss Babette Raymond; Nine.
claire Forbes, piano soloist. who has been
heard with the Boston symphony Orches-
ira: the Briants aud the Belleclair Broth
ers.
AZ the Riverside Miss valeska Suratt
and her cor gany offered the chief
feature in the new bill In Scarlet" "
n sketch by Jack Lait- Others there
were Miss Anna Held, Jr.. assisted by
Emrnet Guilfoyle; Roscoe Ais Jazz Band.
I.angford and H'redericks. Bobbs and Nell
ron Miss Margaret Ford, Chong and Miss
Rosie Moey johnson. Baker and Johnson
and Mics Rae Eleanor Ball. g.
I Miss ''vio" Quinn and her company of
dancers and music makers are at the
Trighfy-first' Street Theatre At the
the feature is William Seabury' s
vaudeville revue. "Frivolities.
Arthur DEACON and MISS sylvia Loyal
y ra among the entertainers at Proctor s
Street Theatre. Whiting and
Burt. and williams and Wolf arc at the
Fifth Avenue.
The New York herald., 1920-01-20
MISS GRACE GEORGE HAS HAPPY
ROLE IN "THE RUINED LADY,
Miss Frances Nordstrom's Comedy Well Received at the
Playhouse with Star in Role of
Lovely Spnster.

literally punctuated with some sulphitic
conversation.
The three stage settings, which are
substantial and in excellent taste, were
designed by Robert little Mckee, who is
well known in New York society. and has
previously demonstrated fine judgment in
this branch of stagecraft in amateur
theatricals in Newport and this city,,
The New York herald., 1920-01-20
Tolstoy Play Produced.

Count Leo Tolstoy's play ''The Power
of Darkness was produced last night by
the Theatre Guild at the Garrick Theatre.
Arthur Hohl. Miss Helen Wesley and
Miss Marjorie Vonnegat have leading
roles. The play will be reviewed in the
HERALD later in the week.
The New York herald., 1920-01-20
Burlesoue at the Columbia.

They're At It Again." new two act
burlesque. was presented at the Columbia
Theatre yesterday by the Social Maids
Company. Bluch Landolf. the droll clown.
who used TO be at tho IIippodfonis, had
an important part. Others I'm. the cast
were Miss Ina Hayward and Bonnie Small.
The New York herald., 1920-01-20

"Big Game' Production Postponed.
Mrs. Henry 3. Harris has postponed
her production of big Came" by Willard
Robertson and Kilbourn Gordon, at the
Fulton from tonight to Wednesday night.
The New York herald., 1920-01-20
RANSOM VICTOR IN
HAMMOND F0|LS
Fencers' Club Youngster Twice De.
feats Bloomer intercollegiate Cham
pior-Never Meets Defeat.

From squad Of twenty-four Junior
foilsmen, the largest in the history of fenc-
ing, n. Mcnamara Ransom. OF the Fencers
Club, won the Hammond foils last night
at the New York A. C. Showing a quick
attack and wonderful agility in the parry,
the juvenile worked his way to victory
and was remarkable as the only one to go
through the three rounds without even
once being defeated. In all, the Fencers'
Club wielder OF foil scored a total Of ten
bouts.
Following were the entries:-
Yale University.-A. W. Walker, Jr: John T.
Leicester. Louis F. Bishop. Jr.. and w. Il. Me-
Fepcers' Club.--Arthur Townsend, II. A. Hirsh
and n. Men Ransom
New York Military Academy.-Ernest Beten-
West Point Officers Cpb.--co IN Ii. W. H.
New New York Turn verein.-E.. A. Mayer. NJ. Koles
Murray and Ernest Riebe.
celambia Tp1iysrsityI1E; T; steIle r: F. Farley,
New York -A.c--M. Allison, o, Allison y.
EFT and James NJ. Goulden.
The summary
PRELIMINARY ROUND.
Hirsh defeated Faney 8 70 4; Mayer. to i
Townsend defeaied Young 60 4.
EsasSm defeated RseeP }sd to z N Murray tc
Walker. Jr.. defeated butcher. to 81 Town
70 csiaSs s; Mayer. ea;f To- and Gouldea. to T.
Bentonconrt--Dsfea Mccay. to 1; Bencoe
TO ., and Guillan, 8 to !.
Mayer-pefeated FsTley to o. Go5MIden Mdet;s 70
5 to o; Walker, ) 10 z. and Young. 5 -.
Marcns-Lost all hi: bouts. .
Bl9omer-pefeated MI MeCsy G,m 10 senfoe'
Riebe i'as defeated foEqse94 70 !; Walker. t.
xSgos f an9 dIaa RnItGheT % e
NJ. Allison-Defea ted Leicester to 81 Gouiden
s. AiisonM8efeated iso % bishop. to l. and Mar
MeagE MTsgHE to onsteaa
Brackett defeated Bishop, . TO- !; Murray to
McCay defeated I,encoe 70 &; -.
their winning bouts were Hirsh 4; Stelle 4;
Riehe 4; Leicester Ransom, 4; Brackett 1; Ben
tencourt 4, and. Bloomer 3.
SEMI-FINAL ROUND.
Rinbe and Stele each failed to win bout.
Hirsh defeated Riebe TO 3; STEELE to ].
: Brackett defeated Bentencorrt to ..
Leicester defeated Hiebe TO 4. and lie
Biooner- defeated BentencOurt to and
Bentencourt failed to win bout.
FINAL ROUND.
Hirsh failed to win a bout.
Ransom defeated Bloomer 10 4; Leicester
. to /. and iddrsh LIlrsh f,,.oti 2 to =.
Total score -Ransom 3; Blocmer and Leicestea
i each; Hirsh o.
The New York herald., 1920-01-20
OTIS Skinner IS
BETTER LIKED THAN
W|FE's NEW PLAY
In "Pietro" He Plays an ,Anguished
Fatfler.Very Effectively, but Drama
Is Far from Perfect.

CRITERION THElATRE.--PrErao, a play
by Maud Skinner and Jules. Eckert
Goodman
The New York herald., 1920-01-20
"MANMA's AFFAIR, :
GIRL s PRIZE PLAY,
IN LITTLE THEATRE
Hypochondriac Successfully Drama
tized, with Miss Effie Shannon and
Robert Edeson in Excellent Cast.

LITTLE NEUTRALITY-SUSPICIOUS. AFFAIR,
a comedy in three acts by Miss Rachel
Barton Butler
The New York herald., 1920-01-20

IN THE PRoI,ocr-E
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-10-06
OUTSIDE MARKET
HAS FIRMER TONE
Trading in Curb Securities Is
Quiet-Trend Is Uncer-
tain at Close.

A hrrner tone was noted generally IN
yesterdays outside market Trading was
quiet, total transactions being smaller
than the average OF those OF recent SEES
sions. and nothing In price movements
attracted much attention. Light morn
ing buying cent values up slightly, ana
although pressure around midday brought
about small reactions offerings were
well taken and fractional losses were
recovered Toward the close the trend
was uncertain and in numerous quarters
there was a tendency to move lower
OIL shares attracted most attention.
but few wide movements were found IN
that group. General Asphalt was In bet
ter demand following an early loss OF
point or so, and steady tone was re-
ported In Simms Petroleum. lnterra-
tional Petroleum new shares and White
OIL. Garth Syndicate was In good de-
mand early but lost part of It's improve
ment.
Movements in industrials were mixed.
Tobac eco shares maintained a firm and
quiet tone and Aetna Explosives made a
fractional advance. Acme Coal moved
up a fraction. International Products
and Maxwell Chalmers issues gained al
most a point.
Bonds were less active and Irregular.
Norway SIS we're slightly lower. and rur-
Their buying Of Seaboard All Line Ss sent
them to new high.
Total sales and range OF prices Follow:
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-10-06
PLOT IS CHARGED TO
DEFRAUD SHIP BOARD
Embodied in Indictments IN
Fuel Oil Case.

Conspiracy and fraud against the
United States Shipping Board are al
ieged In indictments returned yesterday
by the Federal Grand Jury against NJ.
r. Miilar. a British merchant Of Rio de
Janeiro, Brazil; II. q. Hankinson. for
merry representative OF the Standard
vi Company in Brazil Capt. Rupert
Wry and Raymond II. Bowman, master
ana chief engineer of the Shipping Board
steamship Do.
one indictment, which contains six
counts accuses the defendants of con-
splracy TO defraud the Shipping Board
ny making and collecting false vouchers
TOT Iuei oil alleged TO have been sup
pied the Do at Rio de Janelro I'm No
Vemoer, 1919. They are charged with
collecting for 1000 tons OF oil. whereas
" Is asserted that but 500 tons were
actually furnished. More than $4,000
was divided between them, It Is as
serted.
In the second Indictment Millar. wry
ana Sownan are alleged to have padded
niiis Tor repairs made by Millar upon
the snip The extent OF the padding Is
said TO have been approximately $4,000.
l IS charged that Captain Wry and
Chief Engineer Bowman were each paid
1900 to affx their signatures to the bills
IL blank
Captain wry. Chief Bowman and
Hankinson have confessed, according to
the Federal officials. All are at liberty
on bail
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-10-06
JAPAN STOPS GOLD
IMPORTS FROM U. S.
Funds Are No Longer Needed
to Finance Shipments from
This Country.
gpeo.n, Despatch to THE HxnAlD.

wAsHINGroN, Oct. 5.-Transfer OF
specie from the United States TO Japan
has been stopped by the Japanese Gov
eminent. the Department of Commerce
was informed to-day by cable from Com
mercial Attache Abbott OF the American
Embassy at Toxic. It was explained
that there was no further need OF such
funds with which to finance imports
Recently exchange banks brought specie
to Japan from the United States amount
ing to 100000 yen.
The decision OF the Japanese Govern
ment TO withdraw no more gold from
the United States at this time comedies
with the reports that financial affairs in
Japan are becoming more stable and
that she Is recovering her industrial
equilibrium. slowly but surely, which
have been received recently by American
bankers.
The latest statement from the Federal
Reserve Board shows that Japan has
been a heavy importer of American gold
this year. The total shipped to Japan
from January to September 20 amounts
TO s45,911.0 26. 1t Is the belief of bank
CT hcio lilal liidt hedFy "itHoidWdA Was
partly. II not wholly. to stabilize the
panicky conditions that prevailed In
Japan in the early part Of the year.
AT the middle OF, July the total ma
tional holdings of specie amounted to
1,922,000,0o0 yen approximately so
cents). OF that amount, S97.000,000 yen
belonged to the Government and 1.025.-
100000 yen to the Bank OF Japan OF
the total, 760,000.O00 yen was In Japan,
while 1.162.000.000 yen was invested In
England and in the United States. Most
of the investments of Japan in this
country are in United States GER
tifcates of indebtedness and other
short time obligations AS those certifi-
Gates are payable In gold. there was
fear that large part of that balance
might be withdrawn In the shape OF
gold exports.
An official Of the Yokohama Specie
Bank declared yesterday that IL the
movement OF gold to Japan should be
resumed II would be because conditions
here would permit Of such Withdrawals.
ut Is the desire Of the Japanese Gov
eminent to do everything possible to aid
American business" declared that Of
ficiaL 1T Is believed that the with
drawal of gold at this time would not
help America, consequently none will be
withdrawn"
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-10-06

less telegraph communication and In
active in developing wireless telephony.
II was founded by r. S. Fessenden and
controls important patents OF that in
ventor. The older company has been
reorganized to form the new company
OF tho same name and with capital OF
S1,25O.000 OF preferred stock and 250, 900
shares of no par value of common stock.
Il. Trip, chairman of the Westinghouse
company: s. NJ. Kintner. chairman OF
the board Il. NJ. Herr. president: Cali
vert Townley and IL p. Davis, vice
presidents. and J. v. L. Hogan. manager.
All OF these except Kintner and Hogan
are officials OF the Westinghouse COM
pany. Those two were formerly officers
Of the old International Radio Telegraph
Company.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-10-06
WESTINGHOUSE IN WIRELESS.

The Westinghouse Electric and Manu-
featuring Company has acquired con-
trolling interest in the international
Radio Telegraph Company. II was an
nounced yesterday. and consequently is
active In the wireless field. The Inter-
national company Is an operating or
Kanization engaged in radio communica-
ton. &C., and maintains and operates
wireless stations on ships. II also has
shore stations IN London. Newport and
Brooklyn and on Cape May, with others
under construction In Maine and Massa-
chusetts.
The International company II perfect
ing worldwide service OF overseas wire
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-10-06

The report of the committee on real
estate securities submitted by E. G.
Tillotson of Cleveland, who Is chairman,
said:
Bonds secured by real estate are in
Z process Of Standardization, and II Is
apparent to members of this committee
hat there is necessity for further stand
-dization. but there are conditions
iich make progress difficult.
Real estate loans are local in char
ter and have been mostly absorbed In
re communities In which they are Is
ned. There seems to be breaking
/, iarket for them, and with q return to
primal conditions It may be assumed
at there will be growing demand for
em. II is fact that in the minds of
any people there Is a deep seated idea
,at next to Government bonds the
time security is land.
"At the present time there Is a ten
tncy to generalization due to high build
z costs, the capitalization OF abnormal
nts which may be but temporary. and
some localities, initiation In land
liues. There appears to be no proba-
lily OF creating effective machinery for
e shortage of houses in cities. Not
lily are building conditions and the
Dor situation against any considerable
,ogramme of construction, but the pre-
ailing high rates OF interest offered on
Their classes of securities have diverted
many Investors from mortgages to them.
Real estate securities are at serious
disadvantage In competing with Govern
ment municipal and farm loans, because
of the existing situation as 70 Federal
tax rates.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-10-06
A Duty to the Public.

Both utility managers and invest
nent bankers must cooperate to make
regulation q success not only for the
investors but for the consuming pub
lie, who also must be able to see the
advantages coming from that regula-
ton. The benefit both to the public
and the utility must be mutual II the
system of regulation properly func-
tons.
II believe that the time Is not very
TAR distant when the public will again
10 glad to have recourse to safe and
stable public utility securities for in
vestment. The future of such utility
securities appears, generally speaking,
20 be bright and should be faced in a
pirit of optimism.
1.-THE solution of all problems connected
18th public utilities Is one to be solved
ny the utilities, the utility commissions
nd the investment bankers. All mat
tors connected with the problems must
b. handled In cooperative spirit and
enc which will appeal not only to the
consuming public but the investing pub
lie. and for my part think ] can freely
assure you that the utility commissions
will welcome your whole hearted coop
Grafton"
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-10-06
NAVAL ORDERS.
Special Despatch TO THE HrnAr.D.

Special Despatch 10 THE HxHND.
WARRINGTON. Oct. 5.--Thsse naval orders
have been made public:
Lieut., Eugene L. Rell, 20 connection fitting
out u g. r. Peary and on board engineer
oflcer when commissioned: Lieut.. Nils II.
Olson, 70 ". 9. 8. Cuigoa: Lieut.. (iunior
Frade) Charles w. Brown. TO Hospital Corps
Training school. naval training station San
Francisco; Lieut.. (junior grade) John III.
Kinnard. TO connection fitting out Y. z. =.
Yacona and on board when commissioned.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-10-06

$4,000 Allied Pack o.. GAY "a az Il
1000 Am Tel az. "a an e4M p4n y Y
1000 Am Tel a., "a. B2x % o. =.
s0O0 Armour q Co Is pbX p4N p5k + 4
1000 Anp-, Q TVS. e9t ppA p8h - Y
4TOO0 Beth IN, as p4il ~ ptZ = Y
2eOOo C,C,C&5 T. ss epA sSN sah :.
seoo0 chr 60 Is, '35.f00h oa7s 1901 = \
1000 Goodrich T Ia. pOA 10 10 :.
1000 Inter n T Is. 1f% TQN TN IN
5000 Kennecott g u. p2N 02[ e2N :.
onoNn Nor a Co TVS. o. 90 o. .,
IOo00 N H&H ~ Saw s2H s2k + .
1000 Ohio CIT 1s.'24. p4b p4n p4h ..
1000 Ohio Cit 1928 ebh e6h pbh =.
1000 Pan Am Pet IL 94h % e4h Z
Gso0O Seabd A I, s.. % s0ss 90 70
10000 Sinclair g Tihs p2h o. o. ..
1000 w He'll II. p5 % OK :.
6q0no Sol Gle es, " is.fOOM 100 100 ..
1000 Swift A Co u. pTM e1% e1M q.
1000 Texas Co Is. p91s pe7s psN
1000 Union Tank Is psTs oSL psh r
COCO West Elec U.s.. pSrs peA 1874 q.
$4,000 w Wa $3.50. 7pk 70 10 :.
FOREIGN BONDS.
10000 Berlin Ss...... is IAN 10
10000 Hamburg 49,. 1917 1871 1871 =
10000 Hamburg 4ks. f1jt fTL TN =.
$4,000 Norway S.. .f0fN 1908. 100M
10000 Swiss 5iae. e3ss ~ sSh
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-10-06
Outing ON North shore.

Several hundred members accom-
led by women friends left the Cop
Plaza Hotel soon after IL O'Clock
ay for an outing on the North Shore.
ton members used their automobiles
IKE the guests. and for half an hour
was a busy scene I'm the streets
nd the hotel while the party was
ing started.
he local members pointed out places
,teresting TO their guests as they
their. way along the noted shore
aging Beach, at Manchester, where
lmbake was served Mt O'Clock.
r the party was driven to the Es-
Country Club, where there was OPP
portunity to play golf and sajoy a gen
eraI good time.
o., the return TO Boston the members
~ the association were taken to the
tso.ton Athletic Association. where n
hufret supper was served and motion
r,,ctures OF me convention scenes shown.
within the last year the association
raa started organizing groups In the
isrrer centres, the idea being that these
srro,,ns can look after local situations,
snvestigate complaints and do other
,rorlS then report to the national or
vanization for any action that may be-
.orys necessary. Already twelve groups
rave been formed and are said to DO
working well
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-10-06
First Assembly District.


ED; Location: Occupied as
ESQ East broadway. Club
90 Henry st. .................-...C Candy
Cor. GouSeTnemr and Monroe ats; Barber
w. emit on Monroe st..........P. s. 81
5-Cor. Gouyerneur and Monroe SITS;
q ent 81 Gouverneur St s. 81
7--Madison st. bet. Ike and Rutgers
- ST.; main ent on Madison STU. Z; :; z
SMenry 's St ss; p,ts ana Ru;.:rs sar0e'
ST.; ent. Exit on Henry st....P. S. 2
lo-Cor. Market and Monroe sts.: emit.
,,u EXIT on Mo Monroe c,s,,. 80 ~, s. III
yer St; Il. ent. on Henry St. p. 5: !
is-cer; Market ana coaroe SITS: sat.s go
Exit on Market St. ........P. s. III
I4-oak ST. bet. Oliver and James SITS;
,s-oaK st. bet oliver and James; -.
sh St, on bet o't Catherine and oil o "
yer SITS. w. ent. on Henry ST.. ..P. s.
17--No votes -
I9-Cor. Mulberry and Bayard sts:; =.
N. ent. on Mulberry St. ....P. b. 70
2o-Cor. Mulberry and Bayard sts; .,
Bayard st. ent...... .-....';,, y. >: ::
22-s3 Roosevelt st. boys nt......P. s. ii2
2s-ss Roosevelt ST.: girls ent.....P. s. ~
s5-Wa.hin a Albany ana Carlisle :
sts.; e. ent. on Albany ST.: ..;P. 5. -
Albany and CaFlsIe
sts.: center ent. on washington IN
27-cor. Hubert and colilster SITS; :.
center ent. or Hubert st. .....I. ,. az
29-Ciark. oominick and Broone SITS; :.
w. ent. on Proome st -.-....P. o. 90
S0-ClaSk Dominick and Broone SITS. M
$ominick st .ent. IL o. 90
go King St: E. emit on King ST.. p. 5. 3
33-W. Houston ST. bet. Hudson and
varick sts.: e. ent. on W. Hous- a.
Ton St...... .
$40 King 81. girls emit. on King st.P. s.s
35-Clarfkson at. bet. Hudson ana
varick sts.; main ent. w. on ox
ClarksOn 81.
se-Cor. Grove and Hudson st.; Audi - =,
torium ent. on Hudson st......:.r' o.
S7-Cor. Grove and Hudson st.; center ,
ent. on Grove St. 49,. o. n19
39-272 w. 10th ST.. girls ent.. .'''F' o. io'
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-10-06
Fire Record

AM Loss
il ;3o-zs2 Dawson ST.. The Bronx;
awning: Nathan Ranss. .Trifling
T:Oo-56 Flivington st.. Herman Ber-
T:45--3sth ~. and 18th av. automo-
bile truck; Mary Benthan, .Triflins
s:fn--r>ront OF 2.s6 Webster av., Tho
Bronx; automobile truck
Huttin Automobile Co... .TrifinE
Q :5o--55O y. cath ST.: Schwartz Van
Co ........ssss.s 49, tsssss NhSioWn
10 1870 Y. s4th 81; Augustus Clf-
ford Tower. ssssssss lrlIutlb
II :zS-Ti ". It'll At. Unknown. Irifling
1862 Grove ct. Edward Douygi. Trifling
$4,000 East i95th St. Carmo Car
4:3o--i2e West cath ste Mrs. Puse. Trlfiing
n.N--tO4 East 81 st.; John Clnsberg Trifling
s.oo--leo 9th av. Stero Rosco. Unknown
o :oo-l9th St. and East River pier
d. s. C....s......s....s.ss .Iritling
61o--6 Albany ST.; unknown. .Trifling
en5-Cenal and Centre sts.: switch
box. ....... ....sss.s s.....s. .IrilllnR
o.2o-l47 West 18th st.: Amos Dress
CO..ssssss sssss.ss sssssssss y uhnONn
5.tn-20I Grand IT,. unknown. ...... .Trlfiins
s.s0-5s Droofno st., lot unknown. .., None
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-10-06
MIDI RAILWAY oFrERINc.

Tho Offering OF 100000 francs Of
ponds OF the Midi Railway OF France
bearing per cent coupon will be
made by the banking syndicate headed
oy A lseiin & Co. az s65 a 1000 franc
bond.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-10-06
ELECTION NOTICES.
BOARD OF ELECTIONS.

BOARD OF FL EcTIoNs OF THE CITY or
New YORK. GENERAL OFFICE, MUNICIPAL
BUILDING, BOROUGH or MANHATTAN
NOTICE IS HEREBY GIVEN, IN
pursuance Of Chapter % of the Laws
OF 1909 constituting Chapter II of the
Consolidated Lsws). az added by Chap
ter 46i. Section sol OF the Laws Of 1918.
OF the boundaries OF each OF the election
districts in the County OF New York and
OF the designation OF the place Of regis
tration October 4th. 9Th. 9Th. 7th. sth and
sth. and Of the polling places for the
election to be held November I'd. 1920,
in each OF the election districts in said
county as follows:
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-10-06
WARNS OF PUBLIC
UTILITY REGULATION
Investment Bankers Told
Benefit Must Be Shared
by Public.
SEES BOND DEMAND
Wisconsin Official Believes
Growth Of Service Is
Assured.
BOND DEMAND
Special Despatch to THE HERALD.

BosToN, Oct. E--Warning against
holding public utilities ito a minimum
return close to the line OF confiscatlon,"
Carl D. Jackson OF the Wisconsin Rail-
road Commission. addressing several
hundred delegates to the Investment
Bankers Association of America in their
ninth annual convention here, declared
tonight that "the benefit to the public
and to the utility must be mutual"
Despite temporary drawbacks, o. e.
Wilcox OF Bonbright & CO.. New York.
chairman OF the public service securi-
ties committee, foresaw a splendid fu-
ture for this class of investment, ex-
planning thar the recent troubles of
public service organizations had brought
them into the limelight for public view
70 such an extent that their Importance
was now much more widely understood.
r. G. Tillotson of Cleveland. as chair
man Of the Real Estate Securities Com
mittee, told of the handicaps this par
ticular kind of investment just now
faced
'sThere is a great demand for I'm
creased utility service In every field"
said Mr.. Jackson. "In the electric field
the industry may be said to still be in
its infancy. Our progress and welfare
win depend In large part on the growth
of these facilities and service. 1t is In
disputable that from any point of view
the public utility should not be held to
= minimum return or close to the line Of
oonfscation.