davidaulloa/AmericanStories huggingface dataset:
Evening journal., 1922-04-15
BANCROFT co.
SHARESPROFITS
Workers Hear Plan Out
lined by Officials at Ban
quet Meeting
INSURANCE ALSO
FOR THE WORKERS

Officials and employees of the Jo-
seph Bancroft and Sons Company,
enjoyed a banquet and entertain
ment as guests. of the company in
the banquet room of the local plant.
on Thursday night when the profit
sharing plan OF the company was
outlined. Among the guests were
visitors from the New York Offices
Of the company and several from the
Reading. Pa. plant
The table decorations were flow
ers from the Bancroft greenhouses.
John Bancroft opened the meet
ing, speaking of the cordial
relations that have always existed
between the company and its eni-
ployes. and OF the beneht of
the profit-sharing plan. He briefly
outlined the future prospects OF :he
company. He said that the profit
sharing agreement was founded by
William p. Bancroft on lines laid
down by the late George w Perkins.
but on a much broader and more
generous scale. which consists of
participation in the profits Of the
company and also a fund created
which is virtually an insurance.
The meeting was then turned over
to Robert o. Cook. treasurer OF the
company, who. expressed great pleas
ure in welcoming the participants
He spoke OF the value of the CO.
operation Of those present.
William ]. Fisher. Jr.. spoke on
the insurance feature OF the plan
and called attention to the fact that
an insurance was carried on the
participants without their having 10
pay premiums. and they also
shared in the profits OF the COM
pany.
John Logue congratulated the
employees on their good fortune in
working for a company with such
broad Ideas. Abner Overdeer and
]. A. Ersman dwelt on the pension
benefits which would accrue to all
eventually. Mr.. Keppleman. OF
Reading, counsel for the company
said he was astounded at the broad
nature of the plan, as the employees
have to pay nothing. yet receive
the benefit OF sharing IN the profits
Of the company. He said that as
far as he knew no other company
had adopted such a generous plan.
John B. Bird. secretary OF the
company. emphasized the comfort
ing thought OF the participants that
such a fund had been carried for
them entirely without expense to
themselves.
John McAdams. vice-president.
spoke OF the fact that unlike ordln-
ary insurance a man did not have to
die to win,e
An enjoyable feature OF the AFFAIR
was the singing Of Miss Esther Ban
croft, daughter of Mr.. and Mrs. John
Bancroft. Miss Bancroft has de-
lightful colortura voice and sang in
the most charming manner and was
very generous with encores. Miss
Margery Hamilton Hill wah accom-
panist.
The assemblage passed a motion
OF W. ]. Fisher. Jr.. expressing re-
gret, at the absence OF William p.
Bancroft, and calling for rising
vote OF thanks 70 the management
for the pleasant evening, and to
Miss Bancroft for her singing.
A force of 1900 is now employed
at the Wilmington plant. There is
an additional force of $50 employed
at the Reading plant.
Evening journal., 1922-04-15
RESPONSE Should BE cENrRors

WILMINGTON should make generous and hearty
~ response to the the patients OF the vet
rams Hospital at Perry Point Nd for a full house
When they present the musical comedy The Silver
Wedding Jubilee" in The Playhouse this city on next
Monday night Il will not be money-mallng show in
he commercial sense Of the term because the pronts
F.l form Of fund that will be used by the dis
bled soldier boys to buy athletic goods defray the
expenses OF picnics and TO provide other
heahfu and pleasing diversions for them during the
year
In connection with this show which. It is hoped will
make life better and brighter for the disabled veterans
IN 1922, It should he said that The Silver Wedding
Jubilee written specially for the by
Of the veterans themselves 1t will be an amateur
show throughout. and those who have witnessed the
rehearsais say, It Is good
Beneath 1t all. however. there should be the public
mind the deep-seated and sympathetic thought that
the performance will supply to everyone enjoyable
opportunity TO do something practical for the benefit
Of d1sEsd and ssfheipns veterans f the World War.
Evening journal., 1922-04-15
JUPITER rnUvus AND THE DOUBLE HEADER.

1T exceedingly unfortunate that grounds pre-
vented the University OF Delaware playing the
doubie-header with the University OF Pittsburgh and
the Stevens Institute baseball teams on Harlan Field,
this city yesterday afternoon Thousands had planned
to witness the and expected that the net
receipts would add materially funds OF the Ath-
retc Department Of the University OF Delaware
It is to be hoped that the heavy rain early this
morning will prevent the U. OF D. players
bats with the Holy Cross College boys Harlan Field
this afternoon. While it is that It did not
after six o'clock this morning and that the
shining all day, the question OF game o game will
be decided by the condition OF the grounds a short
time before 2.sO O'Clock this afternoon the time the
game is scheduled to start
i Holy Cross has put strong team in the field this
season and the contest II It takes place should be OF
nature highly pleasing baseball fans
Evening journal., 1922-04-15
SPEEDING THE MAILS.

S most Delawareans know. the Post once Depart
N ment has conducted campaigns OF improvement
during the year through Chambers Of Commerce.
and other business organizations. mailing early;
-shrough publishers IN speeding up newspapers and
through the schools preparation early mailing
OF Christmas mall but has not undertaken general
campaign which would enlist all factors interested In
postal improvements. That it now is planning to do
under Postal Improvement Week" beginning with May
/. 1929.
In that connection the people OF Delaware will be
interested in reading the following from the pen Of
Fourth Assistant PostmasterGeneral H. H. Bilany OF
this city how patrons assist in the
quicker dispatch OF the mail'
Postal service for rural patrons can materially
proved through the establishment OF better under
standing the part Of the public OF some OF the DIFF
hcuues met with by the carrier in the performance OF
his duties.
1t is the desire the department and It's purpose to
provide adequate and convenient service. far as
may possible 10 all residing in rural com
munities this end cannot be attained without the
full cooperation patrons in the efforts Of post
masters and carriers to serve them promptly regularly
Whatever facilities the work OF the carrier Is OF d.
benefit the patrons for the greater the and
speed with which carrier may cover his route. the
earlier and better the service afforded.
So. patrons rural delivery can greatly help them
selves by helping their carrier seeing to II that roads
are kept in good condition and promptly opened after
storms by keeping the approaches their boxes clear
ana py promptly and willingly correcting any irregu-
iarities affecting their boxes when asked to do So
Inc main purpose OF the Postal Improvement
Week Is to impress patrons OF the mail service as to
how they may assist IN expediting the delivery ana ais
patch OF their own mail Rural patrons can assist In
s matter by placing stamps their letters instead f
placing unstamped mail in the boxes together witb
money Tor the purchase Of the required postage This
delays the carrier and the patrons from re-
qeVing their mail expeditiously as thew otherrsa
would II necessary, however TO place money In nov
t should be put In a coin-holdng receptacle or he
box BY the carrier. ' "e
Money for the purchase OF money orders shoula m,
ne eft IN the boxes but should be handed to the
and receipt obtained. w
The above was contributed by Mr.. Brlany 10 the
Postal Bulletin, departmental publication which =,
devoting It's efforts just toward making Postal In,
provement Week success. II should meet with sym
~athetc response in rural Delaware
Evening journal., 1922-04-15

It's intrinsic merits. Now there may
be consideration. The Fordney
scheme, which the House passed
represented an attempt to seem 10
pay without actually paying-thai
Is. to postpone the day OF very
burdensome settlement.
The bonus myth Is not likely to
terrorize any longer. The Senate is
not likely to act on the House bill
At this session. After the primaries
ana the election are over, Congress
can deal with bonus leglsatlon
without the hysteria and selfish Wire
milling attendant upon an election
eering gamble.
Evening journal., 1922-04-15
TRADE BoDYs coSnnsNDAp1r Arrrrrpr

lnoVERs Chamber Of Commerce has come out IN
~ equivocally in favor OF high school building
for that town In addition has pledged itself to sup
port the bond issue project in the dstricviae refe
endum that will be held.
That is a highly commendable 'stand for the Cham
Der to take this exceeding important matter The
State capital should have of handsomest school
buildings in State. and is doing nothing more
than It should do when'it makes In that direc
on In fact 1t is surprising that il has permitted other
and important communities in our state TO forg,
ahead of it in the matter Of twentieth century educa
tonal facilities
Evening journal., 1922-04-15
NAMING THE Mosr oF nrrr.

A CONDEMNED prisoner in the Charles street jail Of
N Boston is working like beaver. in the shadow
of the electric chair to build radOPhOne his fell
low prisoners
While the Supreme Court reviews his case he gives
people outside prison walls excellent example
making the OF life while it lasts striving to
tighten the burdens OF others. There Is something
worth saving in like that
No doubt have OF that type in the New Castle
County workhouse, where many interesting things
oGur which reach the outside world.
Evening journal., 1922-04-15
ImERrY BoNps Go on ur

From the NeW York Herald.
Liberty bonds and Victory notes
are so generally reaching or passing
par now that It is the issue that stin
lags that attracts attention. But
Liberties having several years TO
run and paying AZ per cent a year
are due TO go and stay well beyond
par in short order when the Gov
ernment can borrow on short term
notes at the rate OF sB per cent.
Moreover It will not be long be-
fore the Government, whose credit
Evening journal., 1922-04-15
NOT A RAILROAD WIZARD.

yVTHEN Delawareans have read the official figures
w which are set forth below they will decide. no
doubt that Henry Ford is such railroad wizard
after all
Reports nled with the Interstate Commerce Comms-
sion show the operating income Of the Detroit
Toledo and Ironton Railroad in March 1921, the FIRST
month Henry Ford served president OF that COM
pany. totaled s77ss4. The net operating income for
months thereafter up to January 1. 1922 follows;
Evening journal., 1922-04-15
CLOTHES LINE.

II YOU will rub a damp cloth all
the way along your clothes line each
time after using II, you will prevent
the next batch OF clothes from get
Evening journal., 1922-04-15

ting dirty. Dust gathers on the line
as It hangs in the yard.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-04-06
LOAN TO czEcHo. .sLovAKlA
Sum Of sso,ooo,ooo Taken In New
York, London and Amsterdam

New York, April 6.--An internn-
tional loan to Czecho -Slovakia will be
offered for public subscription today
simultaneously in three capitals--New
York. London and Amsterdam. The
total Of y per cent secured external
sinking fund gold bonds due In 1851
to be sold in the three countries is ap-
proximately $50. 900, 900. part Of an
authorized issue Of 500, ,OOO, 900. A
syndicate of New York bankers, con-
sisting Of Kuhn, Loeb & Co., fhc Ma
tonal City Company and kidder, Pea :
06la and interest to yic.d $50 per cent.
In London f2.SO0. 900 bonds will be sold
by Baring Brothers 4 Co.. Ltd. :. NJ.
Rothschild 4 Sons and !. Horny
Schroeder & Co., and in Amsterdam
about $500, 900 bonds will be issued by
Hope 4 Co.
The authorized issue is secured by n
first lien on receipts from the customs
duties and on the net profits of the
tobacco monopoly. which together In
1922 will approximate nearly ..OOo,-
600, It is estimated. The bonds are re-
deemable by means of q cumulative an
nual sinking fund of l per cent. to be
applied semi annually to the purchase
Of bonds under par, or to drawings at
par should the bonds bc unobtalnabie
under par. The first redemption by
lot will take place October /, 1929.
This entire issue will be redeemable
as whole only at 10S after 1922.
Principal, interest and premium on
these bonds are payable in United
States gold coin in New York.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-04-06
PLAN FAIR "PRESS PALACE"
Project Is Discussed at Meeting Of
Pen and Pencil Club

Plans for "press palace" on the
Sesqui- Centennial grounds, where news.
papermen may gather for social and
business purposes and where visiting
newspapermen may be entertained, were
discussed at meeting last night of the
Pen and Pencil Club.
James A. Campbell, president Of the
club, was empowered to appoint n com.
mittee to confer Oh the project with
Mayor Moore and others of the Fair
Executive Committee. Victor Rose.
water, assistant to the Mayor, was n
guest and was assured support of the
newspaper men. Mayor Moore, who
could not be present, sent u communi-
cation indorsing the idea of a press ex.
hibit.
Among the speakers were Jay n
House, Of the PUBLIC LEDGER; Major
). j.. Turner, of the Chester Times
Ralph Bingham, Mr.. Rosewater, Fred
j. Whitney, George f. Goldsmith
Jacob Ginsburg, Charles Willis Thomp.
son, Major j. S. Stewart Richardson
and w. OrtOn Tewson.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-04-06
Corporate Financing in March

Corporate financing in March was
unusually heavy and covered broad
field. Aggregate OF bonds, notes and
stock issued was 1921, 151 $3.50, against
$127 ,321 900 in February and $l84,.
COL 900 in March, 1921. While new
loans were tloated Mt a lower average
interest rate In March, many issues
were put out at per cent and s per
cent, indicating that the Investment
market must still absorb considerable
new issues before easier money is re-
hected In new financing.
Industrial issues led. with S151
2l5, ,4O, followed by public utilities,
with S71 ,446, $50. and railroad issues
with SOC, ,429 100. Largest issue was
Sinclair Oh Company S45. 900, 600 7
per cent bonds. Missouri Pacific Com.
pany sold SIS 900 900 6 per cent bonds
Other large issues were Willys- Over.
land Company $l6,5O 600 Z per cent
bonds North American Edison Com.
pany Sl4 200, 900 q per cent bonds and
Pure Oil Company $l2,S97, 800 stock.
Approximately S02, 1873 900 out Of
the total S2Sl ,1J1 800, or 32.0 per cent.
was for retiring maturing securities
This compares with $127 1921 900, or
1913 per cent, in February, and $40,
1000, or 81 per cent, in March ,
1921. There were also sold in MI,
country SAL ,075, 900 foreign issues. % OK.
elusive of Government offerings. bring.
ing the grand total up to $67S, ,Sl3. .G50
THE TRADER.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-04-06
GOSSIP OF
THE STREET

Yesterdays market had the average
trader up the tree. It was clear cut
case of the unexpected and, according
to Hoyle, the reactionary movement
which started on Monday afternoon,
should have continued. For a time, 1t
looked as II 1t would, for during the
morning II seemed to have lost great
deal Of its steam. Caution signals were
flying in all directions and most Of the
more conservative houses were openly
advising profit taking. or cutting down
of outstanding commitments. Brokers'
debts have shown q startling riso with.
in the past fortnight, and this, quite
generally, was accepted as a sign OF the
constructive movement hearing its
elimination.
But market signs proved to be as
tickle as the current spring weather ana.
instead of taking the downward loop as
nine out Of ten expected. the pendulum
suddenly, and without any warning, re,
versed its course, taking the skyward
route. All the sold-oIt bulls, newly
made bears. waiting to get them cheap
er buyers fairly tumbled over one an
other to get aboard, and the speculative
enthusiasm was quickly rekindled into
roaring blaze. OF course. they got
what they wanted, for the gentlemen,
who have been the market sponsors for
so long were only too willing to re-
sumo the distribution program.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-04-06
BANK MUST PAY $994,232
FOR FAVOR DONE BY DAWES
lorImer Check cashed by Budget Di-
rector When Head Of Institution

LorImer Check cashed by Budget d.
rector When Head Of Institution
Chicago, April 6. - "a favor" done
by Brigadier General Charles G. Dawes,
Director Of the Budget, in 1912, when
president of the Central Trust and Sav.
ings Bank here, in cashing a check for
81 go, 900 for william Lorimer, head
Of the defunct LaSalle Street Trust and
Savings Bank. will cost the trust com.
pany 1904 232 .G3. according to a ruling
BY the Appellate Court yesterday.
The check was cashed, It was said,
to enable Mr.. Iorimer to meet the re-
Guiremcnt Of the State banking laws.
Mr.. Lorimer told State auditin. officials
he had the required amount in securi.
ties, but would be unable Immediately
to convert them. He wrote a check for
81 ,250, 900 and with the State Bank
Examiner went to the Central Trust
Company, where General Dawes cashed
It. When the formality was completed
the check was returned. and the re-
organization of the Lormcr National
Bank into Il State institution was ac-
complished
The new bank went into the hands of
receiver June IL, 1914. The late
William g. Niblack, receiver, filed suit
against the Central Trust Company for
the Sl,25O,000, alleging that this
amount was due the depositors and
creditors: The Appellate Court. in rem
dering the other sum due. held that
neither the Central Trust Company nor
General Dawes would be censured for
cashing the check, CHASING that act as
q favor"
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-04-06

-. 1928 n Jsy IS 1.... 1O1 "A
-. 1925 l.. soiS Tobacco Prod.
Centl 7s.R G&W cit 8s ucts c 7s
-. ln7 1.... 102 3..... 99h
-. 1O7 Il l. l Mt & 8 14..... 90is
Edrn &C r & q div 4slTri City Rly &
: rcts 1nQA Light ka
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-04-06
DENTISTS LIQUOR STOLEN
Dr.. Leon Levy's House RaIded and
2a3 Bottles Of Rare Stock sto,..

While DR.. Leon Levy, a dentist 4,
the Shubert Building, and his familr
were attending the Mastbaum my
mortal exercises at Eagleville, Sundsv
thieves forced a door in the cellar ~
tho Levy home, at 4731 Walnut street
and stole approximately 233 bottles of
imported liquor, wines and ale. y"
"All they lett was several bottles Of
Whit White ,iss Rock" ,.,os.;s. SAID Or: Or: Levy last
said the liquor was owned Jointly with
his brother, Isaac D. Levy a iawver
and consisted OF seventy .one quarts Of
imported wine, forty bottles Of Scotch
whisky, seventy two bottles Of Sloe Gin
and fifty bottles of ale.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-04-06
STOVE LIDS FLY IN FIGHT
Frying Pan Also Figures In Arrest
Of Abingdon Robbery Suspect

After fight in which hot stove
plates, frying pans and revolver fig
ured, Vincent Lenardo, Second and
York streets, was arrested in Abingdon.
Lenardo, charged with suspicion of lar
ccny, was held in $1,000 bail by Magis-
trate Williams.
Lcnardo is charged by Joseph Cont,
proprietor Of WelsOn Hail. near
Arlington, with being one of three men
who entered his place and stole money
and clothing. LenardO was traced to
his home by Patrolmen Streeper and
Mckee. He struck Mckee with a hot
stove plate and then some one in the
house threw a frying pan. Streepcr
dropped Lenardo with a blow with The
butt end Of q revolver.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-04-06
Reserve Banks Discount Rates
Official reiisCount rates at tho twelve Fed
Z al knSerNe Rlnkl mr. fOlluWs.
Crude OH Production Drops

New York. April G.-Thc daily averaE,
Grade oil production OF the United State
showed q. decrease Of 2s75 barrels for III,
week ended Arril !. according to IN" wceIil!
summary Of the American Petroleum In
.titutr The estimated daily Rvcrag" pro
IuCtion was | 462 s25 barrels. compare,
with 4G5. 700 barrels the preceding week
Production increases wer" shown for okla
homa North Texas, Gulf Coast. Wyomna
.uffg,, by the losses in Central Texas NORTH
Louisianl and Arkansas and Kansas.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-04-06
London Closes czeeho. .siovak Loan

London, Spril 8.-Subscriptlon lists on
Csecho-s -slovakian bond Offering closed at
midday.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-04-06

Young Man Operated on BY D.
lorenx Takes FIrst steps

Swinging his legs with the awkward
stride Of a young colt, Louis Joserh
twenty zone years old, IL learning to
walk. At his home, 742 Snyder sve.
nue., yesterday, he walked slowly from
one room to another. He moved can.
tiously and rested frequently, but =
smile lighted his face: ~
Crippled since birth, Louis, the son
turer, had watched his boy friends racs
at play, while he sat nearby In wheel.
chair.
When DR.. Lorenz, the Vienna su,.
econ, came to this country, the yonno
man was taken to him. DR.. I.orens
said an operation would be necessarr
and It was performed in New Yori'
The plaster cast was removed a veal
after he regained consciousness, Tbsn
slowly his strength came back. '"
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-04-06
Pere Marquette Dividends

The Pere Marquette Railroad yester.
day announced the following dividends
81 GO 2-3 per share for the four months
ended April 30, 1929. on the ) per cent
preferred stock and 81. per share on ac-
count Of the arrears of the cumulative
dividends on that issue, the amount OF
such arrears being thereby reduced to
4 per cent. and also the usual quarterly
dividend Of 81 ,25 share on the prior
preference stock.
Official announcement was made that.
hereafter, dividends on the preferred
stock will be payable quarterly on the
same dates as paid on the prior prefer
ence stock
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-04-06
PoWderly Stricken at Desk

Washington, April CT. V, Pow.
DERBY, a member of the Board of Review
of the Immigration Service. suffered n
severe heart attack yesterday in his Office
at the Labor Department and was re-.
moved to his home. Ills condition wnS
night. '"st
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-04-06
Norwood School Head Resigns

Because Of the Ill health Of his
mother, q. G. Nellis, head Of the Nor.
wood schools, has handed his resigna-
ton to the school board with the request
that it act at once. Mr.. Nellis said
he wants to 60 to the home of his aged
mother in Geneva, N. Y, and care for
her. Prof. Nellis was responsible for
the Joint Norwood -Glenolden High
School project being carried to compile.
tion.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-04-06
MISCELLANEOu.
Liverpool Cotton

Liverpool. April 6--There was a good de.
mand for spot cotton today, but, only a
moderate business was done with prices
for m,ddling. at lo,4bd. The sales were
10. 900. OF which 5000 bales were American n,
Futures were steady in the early dealings.
Spot prices were: American, middling fair
! / ODD; good midding, 10 80d; fully mid.
9T5d: good ordinary. 5000. and ordinary,
s. .40d.