davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-09-15
City Asks Miller
Probe Prerelergasi
Gas bate Ruling
Resolution Requests Oustirlg
of Public Service Chief IL
Charges Are Proved True;
His Act Called Burglary

AT the Instigasion of Mayor Hyian
and Murray Hubert. President Of the
Board of Aldermen, the Board of ESTE
mate yesterday adopted a resolution
asking Governor Miller TO direct an in
vestigation into the recent official ac-
ton in gas cases OF Public Seavicg
Commissioner William A. Prendergass.
II his conduct warrants such action the
Governor liz asked TO remove Chairman
Prsndergast from office
President Hubert fathered she
resolution after the board was J. iSS-
Termed Of decision by Chairman
piendergast on August 20 last ahro-
eating an order of previous Public
Service Commission dated May %, 1915,
providing an SS-eent gas rate for Elm
hurst and Ridgewood in the Borough
OF Queens. 1t was stated yesterday that
Chairman Prendergast's order was
retroactive and completely. wiped out
the old rate.
A delegation from Ridgewood called
the attention of the Board of Estimate
to the record of the Public Service
Commission in handling the rate mat
ter, members of the delegation assert
ing that the consumers received no mo-
tice of any hearing on the abrogation
Of the order.
Corporation Counsel 0'fsricn charac-
terized Mr.. Prendergast'S order as
"burglary.' INSTEAD of resorting to
court proceedings an appeal should be
made TO Governor Miller to right this
thing continued the belligerent Cor
poration Counsel. sit is absolutely
without legal authority for Public
Service Commission to make retro
active order"
The Corporation Counsel said that
when an 85-cent rate was established
By the old commission the company
took an appeal TO the Supreme Court
which temporarily decreed dollar
rate, bat ordered that the difference be
impounded until q final verdict was
rendered.
"About half million dollars of the
consumers money was being neid I'M
der the court order" said Mr.. O'Brien.
stThe company obtained this money by
depositing Liberty bonds. but later the
company took these back and gave its
personal bond. All the cash is gone.
Now Mr.. Prendergast's ruling releases
the bond"
The Queens delegation was headed
by james b. limerick. The Corporation
Counsel, after his FIRST outburst, which
was applauded by the Mayor and
OtnEEs, dSSHiicu Niidillbali iSHuSt > CO..
because of the order substituting the
British thermal unit for the candle
power as the standard for gas measure
ment.
"The B. T. u. system is fraud, and
the people will learn the sad truth
about it when their bills come along"
said the Corporation Counsel. There
won't be any reduction or saving. Prem
iergast must be stopped, The people
will be kept in the grip of public util-
flies unless Prendergast is removed
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-09-15
Eddie Rickenbacker May
Wed MRS. Dslrant To-day
American AGE and Former Wife
of Auto Maker 10 Sail ON Ma
leslie for Houeyrn0on Abroad

Eddie Rickenbacker, American Ace,
will be married to Mrs. Adelaide Du-
Durant, automobile manufacturers, some
time to-day or tomorrow, the date and
place have not yet been set, before
they sail on the Majestic, which de-
parts at noon tomorrow. They will
spend their honeymoon abroad,
Their wedding will be the culmina-
ton of a pretty romance which began
ten years ago and was renewed at a
New Years party this year. Mrs. Du-
rant has been separated from her
former husband for the last three
years.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-09-15
Is of Grew Missing After
French Fishing Craft Sinks

ST JOHNS, N. r, Sept. 14.-Fifteen
members Of the crew of the French
fishing vessel Pierre Bernardo, of st.
Malo, which sank at sea Tuesday after
noon, still missing.
The crew Of twenty-six took to the
dories as the vessel was sinking. Two
Of the men reached st. Schotts, N. F.,
to-day, after rowing fifty miles. Nine
were picked UP blythe British steamer
Finchley. The, steamers cabot is
searching the vicinity of the wreck for
the missing fishermen.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-09-15
September 29th, 1922


KINGS in
Comman
on
~ r.. caaio N
The New York herald., 1922-05-17
Pacific Gas and Electric.

Long term bonds that cannot be re-
deemed before their maturity are par
ticalarly interesting to investors in view
of the indications of period of easy
money likely to be spread over many
years. A non-callable public utility
bond that can be bought to yield a high
return is the Pacific Gas and Electric
Company's first and refunding mort
gage series B 6s. due in 1874. The issue.
amounting 10 S1000O.000. was sold by
the company late in 1921 to provide
funds to be used principally for the
active development Of the Pitt River
water power and TO reimburse the treas
ury for construction expenditures here
tofore made. The company's operations
extend into thirty-three counties In cen
trail California and it serves the cities
of San Francisco. Oakland, Sacramento.
San Jose and others. The series B bonds
are scared Jointly with S1o.000.o0O Of
series A bonds by mortgage executed
Jointly by the company and the Mount
Shasta Power Corporation and covers
the latter's properties by a direct first
mortgage and those of the former By a
general mortgage. The series \ bonds
are callable at 1l0 on or before Decem-
Der l. 1880.
The New York herald., 1922-05-17
city OF soissons 0s.

The fifteen year external reconstruc-
ton secured gold 6 per cent. bonds of
the city of scissors, due in 1886, are
unique among French municipal bonds
traded in here because in reality they
are obligations Of the French Govern
ment. which has given binding guaran-
tees of their payment. They are dealt
in in the curb, and their current
quotations yield about go per cent. to
their maturity. They are not callable
before maturity. The proceeds of this
issue, which is for s6.000.00o and tho
only external loan of the city. are being
used for reconstruction of fixed prop
erty destroyed during the war. There
have been allocated and pledged for the
service and payment of the loan obliga-
tions of the French Government. ma
turing annually for fifteen years as
follows; five annuities, each amounting
TO S.l00.00V francs, the first to be pay
able on November II. 1927: five annu-
tiles. each amounting to $4,000 francs.
the first to be payable on November
H. 1897 and five annuities. each amount
ing to 7.772, $50 francs, the first TO be
payable on November H. 1882 In ad-
dition to these French Government an
nuities the French Finance Minister
has given his formal written guaranty
that if. because of depreciation of ex-
change. the annual payment snail De
insufficient TO produce the dollars
necessary for payment OF the prin coal
and the interest of the bonds in full
by the city the French Treasury viii
provide the sums needed. After pay
ment of current interest requirements
on this issue the balance available from
each annual payment by the French
Government shall be used for the pur-
chase of these bonds in the open
market without limit as to price or for
the purchase OF Canadian securities.
The New York herald., 1922-05-17
LARGE ISSUE is SOLD
BY POWER COMPANY
Eastern and Western Banking
Syndicate Purchases Com
m0nwealth Bonds.

The Commonwealth Power, Railway
and Light Company has sold to a group
Of Eastern and Western bankers an issue
of $12,O00,O00 to $4,000 600 of it's bonds.
1t is believed that the issue will be un-
dcrwritten by Bonbright & Co, Inc. (;
HAYDEN, Stone & Co. the Federal Sc
curities Company, the Union Trust Com
pany. Cleveland. and ttodeppyl. Hardy &
Co., and that its coupon rate will be or
Z per cent The bonds are likely to be
collateral and refundipg bonds.
The company is holding concern
and, through its constituent companies,
one of the most PROMINENT of which is
the Consumers Power Company of Mich
igan supplies electricity and gas for
power and light to eighty mine muni-
cipalities in Michigan, including the ter
largest cities in the State outside OF
Detroit. -The total population served is
estimated at more than 100000.
The New York herald., 1922-05-17
INVESTMENT NOTES.
New York Central 5s.

Investors unable to take advantage
of the opportunity of the original offer
ing. early this year, of the New York
Central Railroads refunding and im-
provement mortgage 5 per cent. gold
bonds series c., due in 20l3 can pur-
chase them on the New York Stock Ex-
change to-day for about a point higher.
Thus they yield to their maturity more
than $50 per cent The issue of &c.
100000 of the bonds was oversubscribed
quickly at their original offering price
because the statement of the company's s
financial condition was much better
than generally believed. 1t showed
that since January !, 1915, the company
has added to surplus approximately
$50 100000 from its current income after
payment of dividends on it's stock
1t has additional resources in undis-
tributed earnings of subsidiary proper
ties amounting to more than S4.000.OO0
Its Investments, other than owned road
and equipment, amount to approximately
$40, 0,000,0c0. about so per cent. of which
is in affiliated or controlled steam rail-
way properties forming an integral part
OF the New York Central System. In
come received by the company from
those investments in the last seven
years averaged 4.67 per cent a year.
The refunding and Improvement mort
gage bonds are secured by a direct
mortgage on all railroads owned by
the Central. the main line of which,
extending from New York city to
Chicago. Is one of the trunk lines of
heaviest traffic in the United States.
These bonds are redeemable as whole
but not In part at 105 and accrued in
terest on but not before October J.,
1851. They are legal investment for
savings banks in many States, includ-
ing New York
The New York herald., 1922-05-17
Remington Arms Gs.

a fixed annual income of more than
per cent. from a well secured oblga-
ton Of one of Americas largest in
distrnct corporations can be found in
the first mortgage per cent sinking
fund series A gold bonds, due in 1897
of the Remington Arms Company, Inc.
The company's output of firearms and
ammunition constitutes about third of
the countrys total production and its
output Of pocket cutlery is the largest
in the United States, and probably in
the world The company's business ex
tends back, through predecessor COM
panies, longer than 100 years. Its total
net assests. after deductng all labili-
ties other than funded debt, are APP
proXimately three and quarter times
these bonds. of which there are $S.5G0.0l0
The company's net current assets alone
are more than Sl4,00O.0e0. Its current as
sets, including s3,sls.47 cash, are SIS
S914S7. or more than eleven times its
current liabilities of s1,429.1e0 These
bonds are secured by a first mortgage
on all realty, plants and equipment and
securities OF its subsidiary companies.
Property covered by the mortgage is
valued at more than $l3.0O00C0 after
liberal allowances for depreciation. The
eonpany's average annual net earnings
for the last eight years were more than
four and a half times the anual interest
requirements on its funded debt. These
bonds can be purchased to yield about
Gih per cent. to their maturity.
The New York herald., 1922-05-17
American Tel. aud Tel.

The American Telephone and Tele-
graph Companys collateral trust ) per
cent. bonds, due In 1916. are selling on
the New York stock Exchange for prices
TO yield about $50 per cent. TO their
maturity. These bonds rank among the
very best Of the collateral secured issues
and have sold several points higher in
the hast few years. They are secured
by deposit of stock Of affiliated com
panes having a par value Of 1873 per
cent. Of bonds issued. The collateral
thus deposited comprises shares Of the
following New England Telephone and
telegraph Company, the New York Tele-
phone Company, the Southern Bell Tele-
phone and Telegraph Company, the Pa
cihc Telephone and Telegraph Company
and the Northwestern Bell Telephone
Company. The American company is
the financial and administrative center
Of the Bell system and owns system
of long distance lines connecting .he
territories OF the associated companies.
Local service is furnished by it's assoc
ciated companies. all OF which operate
IN definite territories. These bonds i'm
coupon form are obtainahle In donom-
nations as low as S100 and i'm registered
form from $1,000 up. Their interest ia
payable on June and December 1. A
sinking fund Of | per cent. Annually Is
applied to the purchase or call OF the
bonds M to 105 To date S3,537 900 Of
the bonds have been retired by the sink
ing fund.
The New York herald., 1922-05-17
Municipal Offerings.

Redmond & Co, Paine Webber g. Co.
and b. J. Van Ingen & Co. have pur-
chased and are reoffering TO investors
81. .io0.0Oe OF Az per cent. road bonds of
Mecklenburg county. n. g., dated Jan
uary /. 1921. and TO mature as follows:
In 1887 TO 1a4l. inclusive. to yield i.50
Ter cont: in 1912 to 1916. inclusive. 10
yield 4.50 per cent, and in 19H to 1851,
inclusive. to yield 440 per cent. The
bonds are exempt from all Federal in
come taxes.
Keane, Higbie & Co. and the Stifel-
Nicholaus Investment Company of St
Louis are offering a new issue of $500
900 OF the city of Memphis Az per cent
serial school bonds, to mature N0.00(
annually on April 1. 1923 TO April J.
lS4a inclusive: $4,000 annually on April
/. 194S. to April /, 1859. inclusive. and
$4,000 ON April /. 1860 and April I. 1861
inclusive. The 1923 to 19il. inclusive
n.aturities are being offered TO yield
AS per cent and the 1912 to 1861, in
elusive, maturities to yield 40 per cent,
They are exempt from Federal income
taxes.
r. M. Grant & Co. are offering 500
600 of the Municipal light and Power
Works 6. per cent. bonds. due serially
in 1927 to 1871. inclusive. The sl50,oOC
| Of the water works bonds are offered
at l0ist and interest to yield about
per cent. to their optional date and
per cent. thereafter. and the s350oco OF
the Municipal Light and Power Plant $
bonds are offered to yield 8 per cont.
An issue Of s212.00Q of the State OF
Florida's Everglades Drainage Districts s
6 per cent non-callable coupon gold
bonds is being offered by Clark Will
liams & Co. and G. w. Whitis Co..
to yield 5 per cent The bonds are due
serially in 1892 to 1910 inclusive. They
are part of an issue for completing and
constructing canals. locks. reservoirs,
&c. for drainage OF the district In COM
plance with the states constitution.
The city of El paso's gold per cent.
bonds. due on November 10, 1853, and
optional III 1890. to the amount of $780,
6O6 are being offered by Jelke. Hood &
Co. at JOG and interest to yield AZ per
cent.
watkins & Co. are offering st,Joo OF
Croton on Hudson's AZ per cent high
way and sewer bonds. The former are
due in July. 1924. to July. 1919, inclusive.
and are offered to yield 40 TO Ala per
cent. The latter are due in October.
1922. to October. le4t inclusive. and are
offered at prices to yield 420 to Li5 per
cent. The bonds are legal Investments
for savings banks and trust funds In
New York and elsewhere.
The New York herald., 1922-05-17
Iuso-slav Project nrass Along.

The bankers mentioned as competing
for the Jugo-Slav loan heard no, further
details from their representatives yes
terday. AS far as could be learned a
decision on the loan continued to be
in the distance and negotiations for it
are likely to drag along for consider
able time 4 dispatch from Belgrad de
yesterday mentioned that two. groups
were competing for the loan. one hea ID
by Blair & Co. Inc, and the oth ~
Halgarten & Co. In the group hca ed
by Hallgarten were said to be the
Equitable Trust Company and Cassatt
&. Co. None of those houses, however,
would admit definitely that it was bid
ding for. the Jugo-Slav bonds, although
both displayed considerable interest in
the loan. A banker said that he did not
believe that the Jugo-Slav loan would
be nearly as large as reports had
placed it. He thought that ii was more
likely to be between S10.000.o00 and
sac. 900. 900 than s1o0.00o.000 but that
IL depended on the security offerea and
the terms. 1t was believed that the
United States Government would not
oppose the loan if it's proceeds holld
be used for constructive purpo$
The New York herald., 1922-05-17
TO BUY PART OF KATY" ROAD

NEW ORLEANS, May 16.-William
Edenborn. owner of the Louisiana Rail-
way and Navigation Company. an
nounced to-day that he had concluded
arrangements to purchase a branch of
tie Missouri, Kansas and Texas Rail-
road, extending about 220 miles from
Mckinney. Texas. to Shreveport. La.
This was described here as the largest
railroad deal in the South in twenty-five
years
The purchase price was said TO be
close to $50, 100000 The Texas Rail-
road Commission has approved the sale.
The New York herald., 1922-05-17
Average Bond Prices
May II, 1922.
BOND NEWS AND NOTES.
*1.ooO.ooo Cement Issue.

a. E Fitkin G. Co. are Offering an
issue OF sI.0o0.000 of the Hudson Valley
Portland Cement Corporations per
cent. first mortgage fifteen year sinking
fund bonds at 81 = and interest to yield
about $50 per cent. They are in
coupon form, available in denomina-
tiohs OF $100. $500 and $1,000. and free
from normal Federal income taxes OF
per cent. and the Pennsylvania State
mill tax.
The New York herald., 1922-05-17
Prague oGeripg Coufirmed.

The local portion Of the new inter-
national loan to the city of Prague
probably will not be offered to, the pub
lie for several days. The report that
the bonds would be offered by Kuhn.
Loeb g. Co. was confirmed yesterday,
but no further details could be obtained.
The offering, Of Prague bonds here will
be probably in the neighborhood Of
s7,500,000 and their issue price at a
level to yield about s per cent.
The New York herald., 1922-05-17
Bronx Flats Back OF bonds.

The Lawyers Mortgage Company is
off aring $4,000 OF its guaranteed first
mortgage certificates to net "a per
cent. due in year to five years. The
certificates are secured by new
apartment house on the southeast cor
ner OF Creston avenue and West isoth
street Bronx
The New York herald., 1922-05-17
Long Island Car Trust plan.

WASHINGTON. MAY 16.---The Long
Island Railroad asked to-day the Inter-
state Commerce Commission for par-
mission to issue saS0.OoO in new equip
ment trust certificates. The funds will
be used to purchase new rolling stock.
The New York herald., 1922-05-17
FOREIGN MARKETS.

LONDON. May 16.-Gilt edged securities
were barely steady IA the Stock Exchange
to-day. Trading was quiet and prices were
steady In other sections. Quotations follow
Bar silver, 36sSd. an ounce.
Bar gold 03s. ID.
Money. ~ per cent.
Discount rates. Short bills aud three
months bills. 2la2A per cent.
~ per cent. consols, 5sis.
British > per cent. war loan 9ait.
british AZ per cent. war loan, 9Gi4.
DE Beers. 1l&.
Rand Mines. 2N.
The New York herald., 1922-05-17
Turner. Fails Power Award.

Lee. Higginson & Co., Coffin & Burr
and Edmunds Bros. have been awarded
s3o00,000 of the Turner'S Falls Power
and Electric Companys thirty year 5
per cent. bonds at 101.652.
The New York herald., 1922-05-17

CON liSa ienp Gnterna Paper
.s57s s. A i9t7
49,, $50
ho'inls', " interna Paper
ivsf IN ao e' Is Ser b ieH
'.'''ivo, b.. .s5ai
Holland-Amer s,as
= ,,.',,,. w. 10, 81. sHL
The New York herald., 1922-05-17
U. s. CERTIFICATES AND NOTES
EXPORTS IRON NEW yoRK.

Exports from New York yesterday Wheat
225 500 bushels. oats, 1914 ss3 bushels. bar
lev 60. 25s bushels hacons, 1Gi ,0Oo pounds
stearine. - 0p0 pounds, curnmeal. LOO
sacks: corn, Gs. Coz huahcls rye, 6s,3t4 bush
els: flour, ii 2sa sacks. lard. 500 $50 pounds .
grease 10000 pounda, lubticatins oil. 49,
500 gallons oil cake, $4,000 pounds.
The New York herald., 1922-05-17
UNITED STATES TREASURY STA TEMENT.

Special Dispatch Tn Nrw YosK HsAtn
New NorkH Herald
Washington u. G.. May 1G.
The New York herald., 1922-05-17
lInuestor and Bond Trader

whose IN Of The
~ -
The Ocala evening star. [volume] (Ocala, Fla.) 1895-1943, 1922-09-30
ENGAGEMENT ANNOUNCED

Mr.. and Mrs. David Crenshaw Bar
tow announce the engagement of their
sister, Mrs. Gustav Karow, to Edward
Pattillo Anderson. No date has been
set for the wedding.
The above announcement will be of
great interest not only in Savannah,
but throughout Georgia and Florida.
Mrs. Karow is member of one of the
most prominent families in the state
and is widely connected.
Mr.. Anderson is the son of Mr.. and
Mrs. Robert Lochridge Anderson of
Ocala, Fla. He came to Savannah in
1916 and since then has made this his
home. He served overseas during the
world war as an officer. At present he
is connected with the Savannah Sugar
Refners.-Savannah News, 28th.
The foregoing announcement will be
read with interest by the many friends
of Mr.. Edward Anderson, we'll known
in Ocala as ''Pat" Anderson. He was
born and raised here and is still claim
ed as an Ocalan, although he has been
residing in Savannah for over five
years. Pat was popular and we'll lik-
ed in his circle of friends and upon
going to Savannah started his busi-
ness career with the Strong Shipping
Company, after leaving Washington
and Lee University. He had only
been in Savannah a short time when
the United States entered the world
war. He volunteered and served his
country overseas as an officer. Ed
ward Anderson is the youngest son of
Mr.. and Mrs. r. L. Anderson Sr., one
of Ocala's most prominent families.
Although the date for the wedding has
not been set it will probably be in the
near future, and the event will be
looked forward to with interest by
the friends of Mr.. Anderson in Ocala,
who join in extending to him and his
tiance their cordial good wishes for
future happiness.
The Ocala evening star. [volume] (Ocala, Fla.) 1895-1943, 1922-09-30
JAPANESE GROWING
ARTIFICIAL PEARLS

Paris,-(By Mail to the Associated
Press) ).-Owners in Paris of valuable
strings of pearls have been thrown
into something like CONSERVATION by
the published opinion of DIR. Louis
Boutan, professor of science at the
University of Bordeaux and an expert
in pearls, that he and other pearl ex-
perts are unable to distinguish be-
tween real pearls and those artificial
ly grown by the Japanese The state
ment of DIR. Boutan, made at the
French Academy of Science, removes
the last hope concerning Japanese
pearls, which have been grown In
quantity since NJ. Mikimoto, the Jap
anese scientist made his discovery.
Pearls normally are grown by ac-.
cident, through fine grain of sand
entering the shell of the oyster and is
secretion caused by the effort Of the
shell fish to get rid of the foreign
substance, or grain of sand, that for
merly came there accidentally.
Since Japanese began to grow
pearls artifcially, there has been
discussion as to whether these pearls
would affect the value of the accident
ally grown pearls. The only differ
ence would appear to be in the pearl
seed, or grain of sand, and now it In
claimed by DR.. Boutan that even this
difference cannot be detected.
The statement of DR.. Boutan is
categorie: eff / did not have a certi-
fcate of origin when sections of pearls
were shown me. pearls cut into sect
ions for testing purposes, would
not be able to say which pearl is arti-
ificiaL"
The Ocala evening star. [volume] (Ocala, Fla.) 1895-1943, 1922-09-30
PATHE MEN SHOOTING
SILVER SPRINGS FOR
THE MOVING PICTURES

w. L. Stephens and Arthur James
Bowers arrived in Ocala yesterday
and will be here for several days.
They are with the Pathe Weekly and
are whole moving picture company
themselves. Mr.. Stephens is photo
grapher, director and all that goes
with that end of the business and MIR.
Bowers, nick-named Rabbit Bowers,
is the whole company of actors. They
expect to take a short film of about
400 feet of Silver Springs and num-
Der of the wonder sights therein. Mr..
Bowers is well known for his thrilling
stunts and will be taken in series
of diving pictures, showing the depth
and clearness of the springs.
Mr.. Stephens, who was in town
about month ago taking trial pic
lures, says hte springs photograph
beautifully. These gentlemen have
been all over the state taking a series
of short films which will be shown in
the Pathe Weekly. They expect to be
at the springs tomorrow, if the wealth
er is bright and clear.