EVENING LEDGER-PHILADELPHIA, SATURDAY, SEPTEMBER 2, 1016. w GREEKS IN THIS CITY SAY NATIVE LAND MUST FIGHT ON ALLIES' SIDE Dismayed at Opposition to King Constantino, But Anxious That His CouCntry Shall Fight Bulgaria "VENIZELOS BEST LEADER" So Says Charles P. Poryzecs, Promi nent Philndelphlan Among 3000 Countrymen Outwardly dismay, Inwardly satisfaction, was the attltudo of Philadelphia's Greek population today when news wns received that tho pro-Ally revolt In Greece had spread to Athena, with Ungllsh nnd 1 rench troops patrolling tho Btrceta of tho capital. Tho early cntranco of Grccco Into tho war on tho aide of tho Allies would .bo tho outcom. It was predicted. Tho dismay wns-cnuseu by tho apparent forcible, opposition to King Constantino 8 wlBhes, coupled -with the rumors of tho Greek monarch's abdication. Tho satisfac tion camo from tho realization that Greece Is about to toko tho Bteps that will enable her to fulfill her national destiny. Out of tho mingled feeling of loyalty to tho King and of longing for Greece to declaro herself stands ono deep convic tion among tho 3000 Greeks In Philadel phia and suburbs: that Is that soonpr or later tho Hellenes must wago war- with Ilulgarla, tho ancient foo. "No ono can predict Just what wilt hap pen," Bald Charles P. Poryzecs, of the poryzoes Flower Company, Fifteenth and Chestnut streets. "But ono thing Is cer tain: Greeco must enter tho war. Greece Is morally bound, to aid her old friends, tho Allies. Even If she did not wish It, Bho would be forced, sooner or later, Into tho war. Neutrality Is Impossible with every other Balkan State at war and op posing forces fighting, on her own soil. "Public sentiment demands that tho King do one of two things. Ho must declare war on Bulgaria or Btep out. Should It como to a 'ahow-down' tho people would declare for Venlzclos, the former Premier, who has more followers than even tho King. Tho pcoplo of Greeco rcalizo thnt this war Is a' war for existence and that Greece must tako her stand firmly," King Constantino's courso has been guided largely by tho lnlluenco of his wife, tho Gorman Emperor's sister, and of many of his tygh officers, who were educated In Germany, It was said. That he has been sincere In his effdVts for tho welfaro of Greeco no Greco-American would deny. But his Judgment was wrong, they say. There in they seo tho sorrow In tho muddled situ ation for his former BUbJccts, who are zeal ous In tholr defense of tho Klpg. VIENNA ADMITS EVACUATION OF CITY Continued from Vase One into Hungary by von Hlndenburg reach tho firing line. SEItHS DEFEAT BULOARS IN MACEDONIA; FERDINAND'S TROOPS BEGIN RETREAT i PAIUS, Sept. 2. Tho Bulgarians havo resumed their offensive In Greek Mace donia. The War Office today announced the re ceipt of official dispatches from Salonlca which told of tho repulse of a Bulgarian attack by tho Serbians near Vetronlk. Vetrenlk Is on tho Elites' left wing. It is in tho Moglena Mountains, "5 miles north of Vodena. Tho Bulgarian outposts around Kastorla have begun to fall back toward the north. Tho Bulgarians havo also been with drawn from Sorovltch and are retiring to ward the pusses of KIrll Derven and Dan . eltza pursued by berbinu. cavalry. Other positions on tho Bulgarian right flank havo also been evacuated as a result of Serbian attacks. ITALIANS BEGIN OFFENSIVE IN ALBANIA, PREPARATORY (x TO ALLIED BALKAN DRIVE LONDON, Sept. 2. The beginning of an Italinn. offensive In southern Albania, offi cially announced at Rome, convinced mili tary critics today that the Allies' grand offensive in the Balkans Is about to begin. "With Italy attacking In Albania, the Allies are' now exerting pressure on the Cen tral Powers on six fronts. The Italian movement In Albania will force the retire ment of the Bulgars from northwestern Greece if it Is carried eastward successfully until It threatens tho Bulgarian flank. The Italians have occupied Tepellnl, on trie Voyusa Itlvcr, SI miles southeast of Avlona, after the Oreek garrison had with drawn. Pushing forward, they crossed the river and took two villages on the eastern bank from the .Austrian. RUSSIANS ONLY TEN MILES FROM HALICZ, IS BERLIN REPORTj'RESUME OFFENSIVE BERLIN, Sept 2. Advancing on an 18-mlle front (against the Important rail way town of Tlalicz, the Russians have oc cupied the village of Horozanka, 10 miles northwest of Hallcz. In a resumption of their Gallclan offensive. The object of the new Russian drive ap parently is to prevent the diversion of Aus-tro-German troops to the Rumanian frontier. Following Is the text of today's official report : Army group of Prince Leopold of Bavaria Southwest of Lutzk the Rus sians have continued their efforts against the troops under General LIts mann. Near KKorytnlca the Russian attacks gained some temporary success, but the Russians were later driven back in disorder by our counter-attacks. On Thursday and Friday we captured ten officers, 1100 men and several machine guns. North of Hborow our troops gained some ground In counter-attacks. Army group of Archduke Karl Northwest of Marlarapol Russian forces that attempted to advance were com pelled to retreat by our artillery fire. In the Carpathians local enterprises by the enemy failed. Our success on the Kukul front has been extended. The number of prisoners taken there has been, increased to two officers and 373 men. We also captured seven machine guns and two mine throwers. The official report today indicated that Field Marshal Yon Hlndenburg has either placed a fresh army in the field southwest of Lutzk or else has replaced General Von Llnsengon or General Von Poehm-Ermolll with General LItsroann. The report spoke of General Lltsmann's army fighting the Russians southwest of Lutzk, this being the first time his name has appeared in the present campaign. General Lltsmann commanded an army In Von Hlndenburgs group during the great AutrorGerman drive into Russia In the spring .of 1315. itw -was the army that captured by storm the forts around Qqvno. PCTROGRAp, Sept. 2 Russian troops have captured u series of heights in the di rection of the Hungarian town of (Coromezo In a resumption of heavy fishing in the Carpathians, Jt -was offlcljOlVAftnnounced today. P Following is tee, official Vjment issued by the War Office today I J" On the Stokhod Rivex. outhweat of Toboly 3 1 nUes, northwUt of KoveJ, the enemy was repelled. Jn the direc tion of Zoleheva aad Hal&. J QUcl, m. tbs result g . UHlywe have ad-r ., THE NEW BALKAN SITUATION ..-. iAhx?A ajW? ". fW&i rhl AUSTRIA fafe v. .a .-A.lliSK . V ( o i r7 & 1 F4 . HUNGARY fv ?M , or-n 1 RUMtfiin I vy JVp f t - Ji , ill ?r D O X. O. A A -Wg4 ; I noaon , i! J v. 5fc B'l'ilm'1'' ! i "n i Pi - v. i nAriiMiVinirMr r v1 """zHsjps. mmLmUWP ..ii t ' . C t iTV "V i i'i ..'!.. ibii i. . ' 'i i ' i r f mm mMmrA i, 'mm i f Pi w V I 'i . Ii' i Wi ' I' i Mi I I. ' L ! !' ' I S liii'lit IM !!'( iii' idi'ii'li'lill'l'irii'riii)l Ii 'i 'il,iHiiil' J 1 r P.-' J') OWWLU ?- 6. Tho rapidly doveloping disturbances in Greeco, which havo already amounted to revolution in somo parts, havo changed tho nspect of tho Balkan situation onco more. Revolutionists have occupied tho four Macedonian garrisons df Leshi, Kara, Burnu and Vodena, whilo tho rebels at Salonicn have overpowered the King's guards there. All the newly acquired territory is being administered by the revolutionists. As tho map shows, the Allied forces in the Balkans arc attempting to close in upon tho Teutonic armies. The Russians, after sweeping down ward through eastern Rumanin, havo attacked Varna by land and sea, whilo tho Rumanians arc advancing into Transylvania virtually without resistance. The Allies' task will be made much more easy if Greece, ns it now appears imminent, joins Serbia and Rumania against tho Central Powers. vanccd, capturing positions of tho enemy. Tho Austro-Hungarlan and German troop3 are retiring westward, but are stubbornly counter-attacking. Evcrywhero theso attacks were re pulsed. Wo havo captured tho heights west of Voromenka. INTENSE AERIAL FIGHTING ON BALKAN FRONT; BULGAR CAMP ON STRUMA SHELLED SALONICA, Sept. 2. Intense aerial ac tivity has developed over tho Balkan the ater of war. The Allies' aeroplanes bom barded tho Bulgarian camp at Sorovltch, killing 150 soldiers. On Tuesday three Bulgarian aeroplanes attacked tho Allies' military depot on the Isle of Thasos. British machine guns 'gave battle and two of tho Bulgarian aeroplanes wero Bhot down. A squadron of British planes nttacked Bulgarian encampments along the Struma River and also dropped bombs on supply trains between Drama and Dolran. AUSTRIAN HEAVY ARTILLERY AND AIRCRAFT BUSY IN ALPS AGAINST THE ITALIANS ROME, Sept 2. Mllltnry activities dur ing the last 24 hours have been confined chiefly to artillery actions and air attacks. The "War Office, in Its official report today, stated that tho big guns wero particularly active on the Trcntlno front. Tho official report reads as follows: Operations on Friday were confined mainly to bombardments, which wero especially violent In Trentlno. In tho Sugana Valley the enemy attacked nt Monte Clvaron, but was repulsed. Hostile aircraft dropped bombs In Rolle Pass, at tho head of the Clvon Valley, in the Brenta Valley and on the Agordo basin as well as the Cordevole Valley. The damago was slight BRITISH RECOVER PART OF TRENCHES LOST NEAR DELVILLE ON THURSDAY LONDON, Sept. 2. A portion of the trenches' lost by the British In the fighting northwest of DelvlIIe woods on Thursday have been recaptured, tho War Office an nounced today. Vigorous counter-attacks were made against the Germans last night following a stiff bombardment of the Teutons' trenches on the western outskirts of nighwood (Foreaux forest). It was In that region that the captures of German positions were made. FRENCH ADMIT 10SS OF TRENCHES BEFORE HEAVY GERMAN ATTACK PARIS, Sept. 2. Tho capture of French trenches by the Germans on the Somme front was admitted by the War Office today. The aermans delivered very violent at tacks in the region of Estrees and were able to occupy a few elements of earthworks. The attack on the French lines followed by a few hours a similar attack, on British positions north of the Somme, which re sulted In a slight German gain. The pur pose of these assaults, it believed here, was to relieve some of the depression caused in Germany by the turn of events in the Bal kans, BERLIN, Sept, t, The recapture of a trench previously! lost to the French at Estrees, on the S6mme front, was reported by the Geiman War Office today, TURKS BREAK THROUGH SLAV LINES IN ARMENIA, BUT ARE DRIVEN BACK EVERYWHERE PETROGRAD. Sept, 2. Severe righting has been renewed between the Russian and Turkish armies In Asia Minor, the War Office announced last night, the Turks re suming the offensive n western Armenia, The battle, as described by the official bul letin, was hotly contested, the Turks break- Leg Comfort f Joy or pu la thi Corass laced Slocking A jcleatlno support anilpg tntt mr,t tbal eIvm lnuntdlau com 'ort and un iwlp. No Utlo to yS8 T M4l t ry condition without rubber. LaunJ.ri eajUr a tov.l. Khm hipo ireus for monthj. Uado to your BWMUM. ll.Mrt, or two for na Itf. 13,00. dab and bo mauretf free, or writ tor U mjurMnnt buuik No. 8. (uon-olutlc) to ordtr. Hour to diUj P to 4 Bat. Ptao.CorllM Limb Specialty Co. ii lng through tho Russian line at one point nnd capturing somo guns, but being re pulsed eventually without any permanent gain. Tho official report says: West of the regions of Gumushkhan nnd Erzlnjlan tho Turks resumed tho offensive but wore everywhere re pelled. An enemy nttack west of the Ognott region (on the eastern branch of tho Euphrates, southeast of Erzlnjlan) also was repulsed. In tho courso of tho attack four Turkish regiments broke through the front line of ono of our Turkestan regiments, and also through our ar tillery position. Our gallant Turkestan regiment by an Immediate bayonet counter-attack drovo the enemy toward tho west, and again occupied the whole of the lost positions, nnd also regained Its artillery, which at onco reopened fire on tho Turks. BURN "THE ARSENAL," SAYS CORONER KNIGHT Continued from Pais One Qulglcy, one of tho nllcged proprietors of tho resort, the Coroner said: "I cannot see why you continue to run this Infamous place. It Is a menaco to our city. The Influences of your resort are corrupting hundreds of our young men and women. These Influences are spreading tho drug curse In Philadelphia. This placo should be closed. It should bo burned down If no other way can be found to blot out this cankerous spot. No time should bo lost In nailing up the doors and windows, so that no more young men and women can be ruined there." Thomas Ernest, a special policeman of the Eleventh and Winter streets station, testified that scores of young men and women go to the "Arsenal" and. In scanty attlro, Indulge In their favorite "dope." In a recent raid, he said, 29 persons were taken from the place, and all'but two were. under the influence of drugs. In this raid, he said, quantities of "dope" were found under tables. Pearl Smith, a young woman, testified that she had often begged Bova to stop usage of heroin. "He would always reply," she said: "Well, I've got to croak some time, and I might as well pass out this way as well as any other.' " The Coroner's Jury returned a verdict to the effect that Bova had died from an overdose of drug. PORT "WORK ESTIMATES Director Webster Receives Bids on Del aware River Improvements, Pre liminary to Larger Plans Estimates for Delaware River Improve ments, money for which Is at present avail able, have been received by Director Web ster, of the Department of Wharves, Decks and Ferries. The contemplated Improve ments will be made at Snyder avenue. Cherry street and McKean street. The American Dredging Company's bid of,, 322,400 for the removal of a mud fence, acting as a temporary bulkhead, at the Baltimore and Ohio Railroad pier at Sny der avenue. Is the low estimate for this work. William A. Mundy Is low bidder for the work of laying a wagonway and canopy drain and building temporary sewer at McKean street The Tennessee Com pany's estimate of 126.75 Is low for can vaslng the city ice boat John Weaver, and j. Herman Terry will likely be awarded the contract for driving piling at Cherry Btreet, where a new municipal pier Is to be built. All of the contracts for the work, which Is largely preliminary to big under takings, will be awarded next week. Features of the Great Stone Harbor Auction Sale Tomorrow, Labor Day, will be your very last chance to get In on the won derful bargains that are being picked up every day during this great sale. Special bargains will be put on sale for this, the last day. Among the many features of the sale, which have been described in these col umns from time to time, is the limited offering of Stone Harbor Channel & Basin Front Lots All seaside resorts in New Jersey possess an ideal Ocean Front, but Stone Harbor is unique in the ownership of nearly three miles of frontage in the Hudson of coastal waterways. Great Channel. Dally Dollar Excursions at 7 A. IL, Reading and Penna. R. R. South Jrr Realty. Company INSL'EANCK EXCHANGE Btna. ZA a&4 WUul 6U., a'blladolsnla pi BOYS' NORTHEAST HIGH TO DOUBLE CAPACITY BY $400,000 ADDITION i Long Desired Gymnasium Will Be a Part of New Structure to Adjoin Present Con 's, gested' Building COOK FINISHES PLANS Plans were completed today by J. Hor ace Cook, superintendent of school build ings, for the erection of nn addition to the Northeast High School for Boys to double the capacity of the present building at Eighth Btreet nnd Lehigh avenue. A large granite structuro to cost ap proximately 1400,000 will bo erected on land now owned by the Board of Education, adjacent to the school. The building as It now stand3 Is overcrowded and alumni of tho Institution havo for several years been agitating the construction of an annex. Mr. Cook said today that the Improvement will positively bo effected and that speclfii cations are ready to be placed In tho hands of a contractor. Tho Property Committee of the Board of Education will meet next Thursday to ro colve bids from builders and keen competi tion for tho contract Is expected. Tho now building will be architecturally similar to the present structuro. It will be a three-story building, containing ft gymna sium, chemical nnd physical laboratories, locture halts nnd classrooms. Tho Northeast High School Is now the only Institution of Its kind In the city hav ing no gymnasium, and the boys are obliged to take their exercise on tho pavements of tho schoolhousc. Eight hundred pupils will bo accommodated in tho annex and the overcrowding will be relieved. Tho erection of tho addition will nlso make possible the abandonment of two an nexes, which nro regarded as out-of-date and unfit for educational purposes. They arc at Fourth street nnd Lehigh avenue and Howard and Olrard avenue. These buildings were erected many years ago to house elementary classes, but were dis carded for that purpose because of their antiquated condition. When tho number of pupils applying for ndmlsslon became too great for tho facilities of tho building nt Eighth Btreet and Lehigh nvcnuo these abandoned buildings wero ngatn brought Into use as high school buildings. Simultaneously with the completion of plans for the addition came tho announce ment that tho Kensington High School for Qlrls nt Coral and Cumberland streets, now In courso of erection, Is nearlng completion. Tho corncrstono will bo laid on September 9. Elaborato ceremonies are being planned In connection with the event. Addresses will bo maco by members of tho Board of Education and other men prominent In pub lic life. Tho new girls' school will be a model of educational completeness. The building will bo equipped for Instruction In studies rang ing In character from sowing to sociology. A domestic sclenco laboratory In which hun dreds of girls will bo taught tho art of cooking will bo a part of tho school plant. When finished tho school will accommodato 1200 girls and will havo cost tho city. $436, 621, exclusive of the price paid for tho site. A contract will bo awarded by tho Prop erty Committee on Thursday for the in stallation of heating apparatus In the ele mentary school that Is being erected at Fifty-fifth and Chestnut streets. A con tract for this purpose was granted about Blx months ago, but the contractor found that ho could not complete tho Job except nt a loss to himself. Ho was consequently rolleved from his obligations with the under standing that ho would never again bid on a school contract. BYBERRY COUNTY FAIR' MS ITS FARMERS' DAY Sturdy Horses for Plow, Bug gies and Truck Wagons Are the Main Feature The many thoroughbred horses that have been contesting on tho race track at the Philadelphia County Fair at Bybcrry will have rivals today In tho form of sturdy horses familiar with the touch of tho plow, drawing old-fashtoned buggies, hay and truck wagons. It Is "Farmers' Day" at the fair, and that goes for horses as well ns the hardy sons of tho soil, who began to come In the grounds In goodly numbers early this morning. Of course, they brought their wagons, but theso were only to be used In the races. Mr. and Mrs. Farmer came In their machine. Anticipating the Influx of country resi dents, the many barkers along thp Midway have oiled up their silvery tongues and are relating with much more detail the amaz ing spectacles within their canvas Bhows. Pretty girls were on hand bright and early to pin a little piece of bunting to your coat lapel for a small donation for the Providence General Hospital, At the suf frage both literature and oration for tho cause were scattered broadside. The anti BUffraglsts were likewise busy and caused many conflicting opinions in the minds of the visitors. At 10 o'clock R. Penn Smith and Dr. John Rosenberger, of the State Agricultural Bu reau, gave respective lectures on the merits of the various prlreAvlnnlng horses and cattle showing at the fair. They explained tlio strong points of the animals receiving blue ribbons and told why many of the other beasts were not qualified for such honors. . Dollar Sunday Dinner "Coma Oat of the Kitchen" One family dinner in our large, high-celling, Iced-alr cafe and your gas stove w)ll observe Sabbath the entire summer, ' Excellent music and our rxompt, "on-the-lnstnt serv ice" are added features. I J JanSver VIHP (ButraMQ en 1M Btim I II CULUDE! M. MOHR, BIG ESTATES DISPOSED OF Churches and Charity Institutions Ben eficiaries by Several Wills Offered for Probato Today Bequests of $600 each to the Little Staters of the Poor and the Seminary of St. Charles Borromeo, Overbrook, are Included In the will of John P. McOrath, 1927 ML Vernon street, which, as probated today, leaves to relatives nn estate valued nt $119,006. In making disposition of an estate valued at $89,000 the will of Either B. Taylor, Wernesvllle, Pa., leaves $6000 In trust to Augusta P. Morris, Upon whose death tho fund Is to be paid to the Church of tho Covenant, Twenty-seventh street nnd Olrard avenue. Tho major portion of tho estate goes to relatives. Other wilts probated wero those of Harry W, Funk, 227 E. Upsal street, which, In private bequests disposes of property valued at $22,800; Henry C. Scheer, 1210 North Fifty-ninth street, $20,800; Francis P. Tlmmlns, 1209 North Forty-first street $9800! John L. Relnhart, 108 West Willow Grove avenue, $9000; Lola J. Rush. Silver City, N. M ..6200; Rosa Schmidt, 2113 Jefferson street, $5900 and Percy P. Gouff, 4846 North Lelthgow strecL $2460. Drake Buys Water Street Building William R. Brlco had Bold to Clifford M. Drake the four-story building 19 and 21 South Water street, lot 38 feet 3 Inches by 77 feet '6 Inches, assessed at $21,000, to gether with the premises 103 Chestnut street, lot 13 feet 4 Inches by 20 fccL as sessed at $4000. AGED ELOPERS HAtTED BY FATHER OF "GIRL" Angry Parent, 96 Years Old, Wields Salt-Loaded Shot gun on Swain BEAVER FALLS, Pa SepL 2. Love's sweet young dream was shattered tiday by an Irato father with ft shotgun, when Caleb Smith, 96 years old, chased Roman Wil liams, 92 years old, Into tho Ceunty Re corder's office and fired both barrels, loaded with salt, ol Williams, who had eloped with Caleb's daughter Cynthia, 78 years old. As Williams was attacked by the angry nonagenarian the coy maiden fainted. Her father was thoroughly wrapped up In his job, however, nnd ho rained blows on the lover, paying no nttcntlon to his daugh ter's plight Williams, who lookcd.more like a railroad wreck than a romantto Lothario, hoisted the white flag. After Williams had sur rendered, tho Irate father compelled .Cyn thia to accompany him home. The elopement was nrranged on the con ventional 1840 model. Caleb had been aware that Williams was trying to win his daughter and ho frowned on the match. However, love laughs at locksmiths, so why should It fear a second-story wlndow7 It was through one of these that Cynthia climbed to bo caught In tho ardent embrace of tho aged Lochlnvar. Ho had hln conveyance, an aged horso nnd an old-fashioned buggy, and In this they drore to tho city. & AtS,Jr1wi8i horn soon after, htfclw tip hit W mm3 ana pumied the elopers, H atrrlviid At i nncoruer's. office a th mum wm tha dotftllfl Mtatittal n ) im licenses, while his. sweetheart atowt M lng in axemen The Bhotgun fncldent and ;th w4 postponement bf the -eidlnr followed. Organize Children t Play; Children are being bnranlted far i football and basketball In the II Wtatttf playgrounds which opened yesterday. flHi will ho supervised games at lhs titty grounds all during tho fair, tintll th scheotsr open. With the opening of school arMsAhf menta will be made to have the childfwn at the playgrounds after school in toe after noons nnd on Saturday. Surgical Supplies far (he BritMt Shipments of hjore than 10,600 bahdatm nnd surgical supplies wilt bo sant from the Emergency Aid headquarters, at 1428 Wal nut street, to English barfe hospitals on Tuesday. All day .yesterday thousands; of Burglcal dressings came Inta the headquar ters from summer resorts In New England, where Philadelphia women .are spending their vacations and working for the Euro pean hospitals. i " Almot a million nnd a htf ,.nll?'J''',! Thrre'o b nmwM. rhlfn. Metrr Co,t eta net KMnfe Trtflt Jlnlldln. . rroMPToof. OnnrnntrJ. Extension of Time Until September 15, 1916 For Deposit of Trust Certificates PHILADELPHIA ELECTRIC COMPANY To the Holders of Edison Electric Five Per Cent. Stock Trust Certificates,' Philadelphia Electric v Four Per Cent. Gold Trust Certificates, Philadelphia Electric Five Per Cent. Gold Trust Certificates. A large majority of each class of the above named certifi cates have been deposited with the Land Title and Trust Com pany, Depositary, by the respective holders under the Plan for Retirement of said Trust Certificates, dated July 20, 1916. - Plan for Retirement of Trust Certificates The system of the Philadelphia Elec tric Company (of New Jersey) consists of the plants and properties of twenty one different companies in the City of Philadelphia, substantially all of whose capital stock, with the exception of two of the companies, is owned by two New Jersey corporations, all of whose capital stock' in turn is owned by the Philadel phia Electric Company (of New Jersey). The capital stock of nineteen of these companies in Philadelphia and of the two New Jersey corporations is pledged as collateral for the various issues of the outstanding trust certificates, as follows: $1,994,300 Edison Electric 5 Stock Trust Certificates, $11,268,060 Philadelphia Electric 5 Gold Trust Certificates, $15,014,142 Philadelphia Electric 4 Gold Trust Certificates, or a total of $28,276,502 outstanding trust certificates. The capital stock of the remaining two companies owning plants and prop erties in the City of Philadelphia, viz., Kensington Electric Company and The Philadelphia Electric Company (of Penn sylvania), is likewise owned by Philadel phia Electric Company (of New Jersey), but is not deposited with the Trustees as security for the trust certificates. The Philadelphia-Electric Company (of Pennsylvania), organized under the laws of Pennsylvania in 1902, now oper ates, under a franchise from the City of Philadelphia, the entire system through out the City of Philadelphia,, either by its own plant or by virtue of leases made with the other operating companies, and since 1902 the principal additions to the plants and systems in Philadelphia have, been made by it. The Management has decided that the plan most advantageous to the security holders and the Company is the unification of the various plants and properties into one ownership by a transfer to The Philadelphia Electric Company (of Pennsyl vania). In order to accomplish this purpose, it is proposed : 1. That the authorized capital stock of The Philadelphia Electric Company (of Pennsylvania) be increased to $50,000,000. 2. That The Philadelphia Electric Company (of Pennsylvania) authorize a bonded indebtedness in the sum of $60,000,000, to be secured by si first mortgage which shall be a direct lien on all its property then owned, comprising the entire plant and system, it now operates in the City of Philadelphia, and all property it thereafter acquires; the bonds to be in denominations of $1008, $500, and $100, to bear interest at the rate of 5, except in the instance noted in paragraph 3 (c), to mature fifty years from their date, and to be redeemable after fifteen years at 105 for the 596 bonds approximately $35,000,000 of the bonds to be presently Issued and the remainder reserved for the future financing of the Company to be issued under restrictions properly protective of the holders of the bonds; the 'principal and interest of the bonds to bo payable without deduction for any tax , which the Company may be required to pay or retain under any "present or future law of the United States or of the State of Pennsylvania. 3. That the holders of the several issues of trust certificates be given thf privilege until September 1, 1916, of selling or exchanging their trust certificate upon the following terms: (a) The holders of Edison Electric 5s to receive $1080 in cash, or at their option $1100 face value of new 5 bonds, for each $1000 face value of said trust certificates; (6) Tho holders of Philadelphia Electric Gold 5s to receive $1050 In cash, or at their option $1060 face value of new 5 bonds, for each $1000 face value of said trust certificates; (c) The holders of Philadelphia Electric Gold 4s to receive $850 in cash, or at their option $860 face value of new 5 bonds, for each $16Qd face value of said trust certificates, or $1000 face value of new 4 bonds, secured by tha same mortgage, for each $1000 face value of said trust certificates. Where trust certificates arc exchanged for new bonds, amounts less -than Jioo, not convertible into bonds, will be paid in cash. !J All holders of Trust Certificates who have not yet done so should deposit ,them with the Land Title and Trust Company, Depositary, Broad and Chestnut Streets, Philadelphia, 'before September 15, 1916. By Order of the Board of Directors: ' - -- PHILADELPHIA ELECTRIC COMPANY Joseph B, Call, PrtHOiF' "fisrfa BFt
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