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
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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'
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