H3I mmmmmrmMmsmwmiuiwi mum '. "wiT.-wwm'WTiP. mw,vavmvrMiimmrmPTrT'mpmmmrwr' m x.mmammmimmmmmmmmmimmiimmim "! ! r:i f.-' '' 'A&llt BELIEVED (EAR PEACE IN A10IT PiniT m; iitinaii rami M .Indications of Compromise After Mayor and Stotcs bury Confer BALLARD SEEMS HOPEFUL iLt f j Broad Street Subway Termed Military Necessity tPX-TRANSIT DIRECTOR TAY LOR says: Last week I forwarded to Admit nl W. S. Benson, chief of naval opera tion, a printed copy of my letter to the citizens of Philadelphia pub Jishcd April 16, 1917, and called his attention to a portion thereof re lating to the Philadelphia Navy Yard, which read as follows: The Philadelphia Navy Yard mitkt be promptly srrled by the highspeed nystrm; thti m become a military necessity; any tunii who fail lo reconmze thin fact larLi either perception or putriotwm." In reply thereto, I received from him the following letter, and since receiving it I have obtained his con sent to its publication. "Navy Department, Washington, "April 18, 1917. "Dear Mr. Tnylor: "Please accept my thanks for your letter of the lfith inst., enclosing a letter which was published in the Philadelphia papers of that date re garding adequate transit facilities for the navy yard and that vicinity. You have stated the fact clearly and in my opinion convincingly, nnd I hope you will succeed in getting some favorable action. "There is plenty of work at this time in all fields of endeavor for public-spirited citizens nnd ft is a pleasure to know that your efforts are directed toward efficiency in this particular line. "Very sincerely yours, "W. S. BENSON, "Admiral. U. S. Navy. "Chief of Naval Operations." Indications tint clt o'fcoInlH ami the Philadelphia Itapld Tranl Cniupan) have reached ail ngieemeiit nn the transit "11 na tion followed a two-hour conference today "In Mai or Smith's olllce Ellin Ames Uallaid, thief of counsel for the Philadelphia ltnpld Tianslt Company. aid ng he left the room Hilt) afternoon "It looks good when men at the top get .together to talk the matter oer frankly " II T. Stotesbur), when he i.ime out amlled significantly and said "You will have to fee the Manr" It was agreed b) the congcices that Mayor Hmllh should make all announce ments of what ai ntiompllshed When t the Major talks it proli.ihh will lie known Whether the transit lease muddle will coon "be clenred finally At the conference were the .Mhjoi, Transit Director Twining and Klname Com y mlttee Chairman ilnlTnev, repiesentlng the city. Rnd Mr Stnlcsbur). chairman of the P. It. T. dlrecto'rate, Mr Mallard and A I. Dunn, consulting englneci, for the lorpoia tion. The two-hour consultation ended this aft ernoon. Before lis conclusion Mr Oaffne) and Director Twining tame out .Mr thin aey said: "It has heen agteed that tho Major Khali .do all of the talking ' Mr. Stotesbur) and Mi Ihuin lein.ilneil ten minutes after the other had left the I Mayor's rooms. Reports hae been persistent In financial Jix and political circles for some davs that a compromise oner la to ne tendered lv the Transit Company partly ub a result of tho opposition developed In the lease In Its ' present form and partly because tho com pany would be willing to make liberal con cessions to defeat the fout transit meas ures now pending In the I.eglslatuie at Har rlsburg. It has been said also that the negotla- sitlons for a compromise hae proceeded ao far that a definite proposition will be Ubmltted to Councils on Thursday with t the full knowledge and approval of the Mayor. The defeat of the bills In the l.egls- t Uture Is known to be the big Issue with the company just at thlx time, and the offer of f a compromise lease, tho supporters of these bills believe, will only be made conditional upon assurance that the measures will be ( killed. flirt mnfucnmi (mint (t tia fiv.im tn.1 , T ould clear up the situation to some degree . and would either confirm or disprove the - rumors of a speedy settlement on a compro mise basis. Interest In the conference was Rzy junner neiBiiicneu tiy iwo statements nom ritil tx-TransIt Director A Merrill Tailor ' The first, made public )estcrda), Is a ie. ply to the five objections to the piesent form of the lease as given by Colonel Shel don Totter, one of the city's representatives on the Transit Compiny directorate The ? second Is n veiled challenge to Transit Di rector Twining to prove that he Is lacking In neither patriotism or perception in de lrlng to delay the construction of the South Broad street subway to League Island. In answering the Ave nhlretlnns of Colo. W3l.k el Potter, Mr. Talor smashes down three -YiS.'" nf fhm 911 fnlllni- In itrnt a Ihnt Ih. .),.. ",''--.111 be benefited by the prfiposed remedies; ;? W that one I" "''"Ply a m'sunderstandlng hi', 'of the phraseology of the lease which will ' "- h rmrtlrt a nf nberti tl.a, ia Annl nU $-"f)tcton U based upon a faulty premise. E'r nrat ODjection ot Mr. I'otter was that company had so carefully protected It- from making extensions that It would em Impossible for the city ever to reuulrs Rrt tttltM tklntr fAA.IIn k.i.un 11... .- ,1.. rTA- " w .j t...fc nM.iMua iiiivn mr 1110 ieTeldprnent of the territory adjacent to 1 aign-ipeeu lines. Wf. ,5T Th nrovlalnn In flip !tiHA n.i.a-iim ..ii. ' face extensions were not Inserted, Mr. Tay- .'Kr ays, by the Tranilt Company, but was ..$' taken almost in Its nresent form from tha faft of the lease submitted to Councils If the Maor on October 10, 1918. The iraaln-r of this part of the base. Mr, ayior declares, does place the city In a wrciuu 10 require tne transit company to ike surface extensions, provided the Pub- eryice commission shall hold these cms. to be .reasonably remunerative. r, aeperately or In conjunction with the t ayatem. aWt!on to thU, he says, the lease .the additional alternative nro- Wkereby the city Itself may build I'aatensions to be leased to the jMapany at an amount equal to rand sinking fund charges on i floated for the construction of' this. will Be," Mr. Tay- mr. "ttwt. the city at the Jtaal .-'-. a'.l of these Hf-H, free of debt; Kfwm raw rtMb'aM- a tun J' &A.U&.- -J - .. . 7 . . win nave, Baa p m, aa -ne run cost rafl4 toj tha. cUy "" ' The second objection of Colonel Potter was that the company has reserved the right to finance tho equipment of the lines on loann benrlng G per cent Interest and I per cent sinking fund iharges, pajable out of earnings, although the city could borrow nnd sink in Us loon nt a total of 6 per cent, In answer In (his. Mr. Tnlor ofTers threo points: First, the company, since it share' In the Ultimate profit of the undertaking In the latlo of one to led, will he anxious lo keep down fixed tlinrges and, therefore, will bor low the money for equipment at as low a flguin as possible: second, as tho equip ment would ii (iiili e icnewals from time to lime, the lly If financing It would be re quired to Issue bonds totnllng many times the ill dial value of the equipment in service whereas under minimi) dimming the equip ment bonds become a direct lien against tho equipment purchased; tlilnl tho iltv nt the present time does not popfess the nec essary boi rowing inpicll) to finance the equipment without cm tailing the (otifttruc Hon program The third ohjeillon of Colonel Poller wn that the lease as now worded might lequlrc the clt) to piy twice for the equipment upon the oipliatlon of the i online! Tint such nn Intention was over lipid hv thoso who framed the Ir.iso is denied h.v Mr Ta) lor nnd he ileclnreil that "all parties In In tercut villi agree ti so amend the wordlnr of Hie lease as In clarify and confirm this fact The fout tli oh'PttloM of Colonel Poller was that the compait) pindticed no gpod reason for itseivlng tin- right to charge anv rate for exchange llckrls or lo restoio ex change tickets when oiup abolished In re pl)lng to this Mr Tajlor asserts positively that tho right la not reserved to the com pan) In risliup Hit PAihange llikets III discussing the piovlslnu that the rnin pany ma) ImieiiKp Hip lure tf found neies sar) lo mrd all (liaiges at the end of anv kK-ihoiiIIi pptlml Mr Ta)loriinvs In put. "What the pusent pioposcil len.e does nnvuip in ln lompiti) Is that the inte or fate shall nlwii)H he suflli lent to p vy the " pel i put on the mnip.in) s stock 'The tonipaiiv Is now making more th'iii - Too I a )iar It oiitv ipqiiiies JLTiOO,- una n vear to pnv S p"r lent on Ihe slock. The companv will be making about double Hie pinllt ipipi ip- t niepi its ., poi cnt dlvldpiid wIipii the first hlgli-speed line opens, and before anv penny transfer. Ha) between high-speed llnis and sill face llnps would hp Imposed for the piolectlon of the coinpanv undei the terms of the present pioposed lease, that profit would have to be cut In half, and Ihe earnings nf the municipal s.vstem would have to fall to a point wheie tliev would leld not one pemiv of return on the ell) s Investment, vvh rb Is liu'OiK ell able 'The provision In the present pioposed lease with I elation to fares wlikh flnnlv Diamond Guard Rings Diamond Bar Pins Diamond Flexible B racclets i F.C.Pequignot Jetfel 1331 Walnut Street 'iww&b FLAG SEALS Faithful reproduction in colors Red, White and Blue of our National Emblem on Gummed Labels ready for use. If you want to show your Patriotism SEAL YOUR LETTERS Parcels and all your mail with OLD GLORY and encourage others to do likewise. The "Spirit of '76" clamors for op pression. Fidelity to our Flag is the spirit we dare to encourage in one and another. Business Firms Patriotic Clubs and Societies need these FENTON LABEL FLAG SEALS Buy thtm by the thoutand 1000 Flags, $1.00 3000 Flags, $2.00 6000 Flags, $3.60 To Dealers 120 10c Packacet S6.00 roitstld Anvwhere on Ittcatpt of Price. sr , Actual tlit Ttu nil Is colort. Fenton Label . Company $ Irfiiiiiiiilim 'siSSaiy I I I fifl rJ EVENING -LEDGER- establishes the credit of tho l'hlladclphla Rapid Transit Company, was Inserted sole ly for the purpose of making the Philadel phia ltapld Tinns't Company's future so curlty Issues for equipment and extensions safe beyond any question, In older that they may bo placed at the lowest possible Interest rale, with the icsullant saving to the city. "This factor removes tho possibility ol 11 temporary default In tho payment of the 6 'One of the Five" A Tin for Need tf Pric Utt 'Nobby 'Royal Cord' Use' H If If I hS I Iff ISIIJII lly II f! II mis 1 1 I KN 1 I InNlllllB Inmfill II PHILADELPHIA, MONDAY, APllTTj 30, 1917 Interest upon such securities which might result from n great conpagrallon, earth quake, pestilence or audi liurease In opcr ntlng costs In tho future which aro far beyond our line of lslon." Tho fifth objection of Colonel Totter wan that there will ho n deficit from oper ation of r,,00O,00O nnd Hint thcro Is not provision to meet this other Ihnn by In Pleased leally Inx, which would be 11 blow lo tho ilt.v'n manufacturing ptestlge. United Every and 'Chain' Are Platf fcSSW YACHT CLUBS' LEAGUE TO AID INNATIONAL CRISIS vnchtsmcn of Pennsylvania and New Jersey whose organizations are Included In the rtneliiff Association of South Jersey Yacht Clubs will meet In tho Adelphln tonight. They will formulate plans for par ticipation In nny nctlvlty tho Government may assign to them and arinngo to turn &M& th united States d6 Ss the onarcli sTll s? - rr- e-v fordjires" There's a reason for all things, and there's a very big reason twhy tho 'Royal Cord' Tire is the "Monarch of All Cord Tires": the 'Royal Cord' is the tire of supreme re siliency and elasticity; the 'Royal Cord' is the tire of rugged en durance and toughness; the 'Royal Cord' is the tire of masterful anti-skid service and amazing long mileage; the 'Royal Cord' is the tire of beauty and distinction. Other motorists have tried the 'Royal Cord' and know why it is the "Monarch of All Cord Tires." Try 'Royal Cords' and learn how good a cord tire can be. The 'Royal Cord' Tire is one five United States Tires that making such phenomenal sales increases. States Good Tires ' ) over to the Government certain of the club properties for naval purponea, Itecelver of Taxes W. Krccland Kcndrlck will fireside nt tho meeting, which will be held In the dold Itoom. Speakers will bo Joseph H. Macl-aughlln, Director ot Hup-piles-, 11 J. Cattell. city statistician i Wil liam W. ltoper. United States nppralscr here, nnd (leorge Wcntworth Carr. Clubs Included In the association mem IffltEnH Wm of S of the are Tire United States TUBES aid TIRE ACCES SORIES Have All Ihe Sterllnt Worth d Wear that Make United States Tires Supreme bership nro the Cape May Yacht Club, Holly Uracil Yacht Club, Ocean Cllv llnm,i,... Club, Ocean City Yacht Club. Sea 7s Ie cift Yacht Club, Cholseu Yacht Club, Atlantic City Yacht Club. Stone Harbor Yacht CM, Corinthian Yacht Club of Capo Mav Avalon Yacht and Motor Club. V nml Tho )achlsmcn ntreody have exnrp... 1 their vvllllnRiiCfH to turn over for u?'1 ment tiso their clnbhotiies. their boats , lit lo glvo their services If necessary nd I ill If- 4 rl 4 A 1 i&s cjlli m ' A 1 m .MM a n s ... ' :? .'Vtv' Ibellava 'Mir ATkmnMMi'SU. , 1 ' ' Jh
Significant historical Pennsylvania newspapers