ft 7rf j rv(H'ivw"r" ptENlk' PTOLIC SMMWWky CTttAITOyHI mDAT, ItAt gT, v -ft, PSORTEEEWG MM MCE 'lg CeminiM Said to Add $160,000,000 Annually to Housing Burden CHARGE BIG SECRET GAINS Ntv York, Msjr 27. Trade practice utock flrn Insurance compnnlf which, In the opinion of Samuel Unter mycr, add $160,000,000 annually to the coat of houninu in the United State, 130,000,000 of It In New York Btat, were revealed before the Ixck ood committee yeiterdajr. Through the testimony of Alfred M. Beat, publisher of Beit's Insurance He porU for twenty-two years, and from the Hpa of lnurance officials the com mitter learned that Inauranre com ponies organized under the stock plan ret aside about half of their premiums with which to pay expenses, commu nions, etc.. the remainder going Jnlo a reserve fund to Insure payment or losses. Half of the reserve fund is un used and runs up into many millions, the Intorest on which Is paid to the Mockholdcrs. although, according to Mr. Untermyer, It docs not belong to them. Secret Profit of tl0.0OO.0Ot Ten of the leading "VVin'nMnoo panics have nn income of $iu,oo,wu a year from the "concealed" or ''unrc Tealed" profits set aside.' but not touched. This "concealed" profit, in the opinion of Mr Untermyer. should go not to the stockholders, but toward the reduction of premiums. Hundreds of millions of dollars have been con cealed" in this way in the last twenty It was shown that because of "im ......... h,.nvbiu.ninr" utock fire insur ance companies have apparently "lost"- , money In the Inst two years uuc iu " writing off of shrinkage iu highly apeculativc investments, but at the same time the companies actually palil i..,. ,i!I,l.n.1. In nn rase J.(XH.WU year and In the other case $1 ,1500,000 Mr. Untermyer laid bare methods in vogue In New York State by the four Insurance exchanges, the principal one of which is the New York Fire lnur nce Exchange, covering the metropol itan district. The company members o the exchange, organized under the stock plan, bar from membership fire insur ance companies organlxed under the mutual plan because these companies return to their policy holders part of their premium, generally from 25 to r.5 per cent, but In some instances as much as 95 per cent. boy Scoots starting trip to wAsraNGtotf V aHftjHHBFKHHk tt viY aaaVKSaV aaaaaaViaaraaaHl .MaaauiiaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaH aaaaaaK.aY vft ffjmjJsjjijLBj iiHntPEEHLlHriiirfaiF f&saamHaWJPiaB SfrSaB SaawWaaaaaEixSaLajattI-. '.'?.'!' ... Ja "iT'si'i'ilfusB sHHpAsiKPHsiHB Twehe scouts from as many different troops left Cltllall plaza, this morning for the national capital. The were awarded the trip for meritorious work - , to m tnrAmk tMMr.- hit Him art lall mdrteijf fttstssl. xne conrerMic miam is amroacA between the AfatnMiwttMi and. tb banket. i If tha .hamktrn 'aixt In rrt- operate with th Gorernrisat, the Oov tiftaatat will kira to cefrat with th fesnkm. AM m will have grow- IM Ut of this CMMrae. In which no condurten m rMebM.nal mcceedlnf; confsreacct a dmJsMHut which puu the Amtrieti uererameat behind the American banker In his foreign latest menta. Juirtl as forties Oarernbientii bare In the past been behind foreign bankers. . j. Boosts Foreign Tride Custody of Child to Mrs. McGarvey 5 Per Cent Tax Added In addition the New York Fire In surance Exchange Imposes a tax of 5 r.i mnt nn tinllrr holders. Within the lost few days, since the T.nVn.Atii rnmml ttpi hns beziin exami nation of the afloirs or tne ew iorn Fire Insurance Exchange, that organi sation has modified its rules somewhat. It now permits the entrance of com panies organized on the mutual plan on condition that these companies hold back the dividends usually paid policy holders. Trank Bishop, secretary-manager of the Pawtucket Fire Insurance Co.. whose organisation recently acquired membership on that condition, told the committee that It returned 26 per cent to Its policy holders in other Btates, so that in this State, he admitted, his policy holders pay 20 per cent more than they do outside. His company was willing to continue its refunding plan in this State, but was prevented from doing so by the rules of the ex change. bailiFfsTook for arms Spectators at Murder Trial Searched for Concealed Weapons Kansas City, Mo., May 27. (By A. P.) With bailiffs Instructed to search all spectators for weapons the trial of Danzel Chester, charged with the mur der of Miss Florence Barton, a Kansas City society girl, last October, was re turned in Criminal Court today. Miss Barton was shot to death by a supposed highwayman while riding in a motorcar near the city. The order to search spectators fol lowed a melee In the court room late yesterday when Mrs. Blanche Ryan, with whom Chester boarded at the time of the tragedy, was attacked by Ches ter's wife. During the uproar a man Identified as a private detective and who said he was assigned to guard Mrs. Ryan, was disarmed and arrested. Contlnurd fram I On husband and her son were sitting. She took the child's hand and said: "Comp with me. Billy."' "Billy" edged closer to his father. "I don't want to go with you," he said, rendy to cry. Mr. McGarvey said again, "Come on, Billy," and tried to pull him gently (iu. "Billy" pulled back and began to cry wildly "I wont to stay with my daddy, I want to stay with my daddy," he screamed. "Don't let her take me, daddy," he begged, looking up at bis father. McGarvey, helpless to resist the order of the court, yet finding It almost impossible to resUt the appeal of the child, turned away, tears coming to his eyes. "Billy turned for refuge to his grandfather, and seized one of the old man's fingers The child screamed loudly when the mother tried to null him awny. "Why don't you let him go?" the attorney demanded of the cider McGarvey. Boy Koeps Up Screams "I'm not keeping him." replied the grandfather; "why don't you take him?" Mrs. McGarvey then picked the child up. but he screamed, and kicked nnd fought, shrieking. "Daddy, daddy, I want my daddy; don't let her take me, daddy." Mrs. McGancy carried the scream ing child to the prothonotary's office The father followed helplessly, but the door was shut in his face. Within tho office the child continued to shriek. His sobs and crlei carried throughout the courthouc, and men and women came to see what was wrong. Even pedes trians outside stopped at the sound of the child's grief. "I don't want to go with you." "Billy" said to his mother. "You were never home anyhow. My daddy takes me to the movies." After about fifteen minutes the child's crying wag stilled, except for an oc casional long-drawn sob, and the mother carried him out to her attorney's auto mobile. She had soothed him by say ing she would "take him to daddy " It was as the. ear started that the child caught a last glimpse of hi father, and began to sob anew. "Billy" was tnken to the mother's home at C138 Chancellor street With a child's forgetfulness of sorrow, he was soon playing on the porch with neighbor children. "Are you glad to be here, Bill?" no was asked. "Uli-hnh," he said hesitantly. "Would you rather be here than iu the country, Billy?" "Yes," he said, "but I want my daddy." Ho showed a pocketbook with some coins. "I hove n quarter, and a dime and two pennies," he aid. "T guess iff most a dollar, I'm going to the store to buy something." Prices Too High, Gary Declares Cnnllnnrd tram Pur Onr apparent disposition of the present Ad ministration at Washington to aid rather than obstruct, the natural and legitimate progress of business, Schwab Advocates Econoniy Economy is the keynote of quick re covery of business, said Charles M. Schwnb, chairman of the board of the Bethlehem Steel Co. There must be economy In labor and above nil else in transportation costs, Mr. Schwab declared, adding that the steel business would profit by the economy to which it was forced by business conditions. "We arc going to be forced to econo mize so as to put our business here on a basis with that of the steel business in other countries," he explained. Expressing belief that the money shortage nnd business depression would end and that there would be a return to normalcy, Mr. Schwnb continued: "This is a time for encouragement, a time to be hopeful, a time to be opti mistic and we will all come out all right, I have never lost faith in the future of the industry nor future of America." Indorses Schwab's Views The views of Mr. Schwab were in dorsed by .Tnmes .1. Campbell, president of the Youngstown Sheet Tube Co. , who said railroads should have the power to control and classify their labor. "The farmeis of the country," he teid. "must receive more or purchase Ins. Under present transportation route they realize very little on their produce. "We are not petting anywnere. 'tne light reduction in railroad labor costs Is not enougn. i nope, nowever, mat the building trades unions will hoc the Hunt, soon nnd railroad labor will oome to their fcnt.es nnd bring down prices." Mr. Gary replied that It was hardly fnir to expect labor to work for less pay when commodities still were mnintaincd at a high price let el. "Whether or not the ialroniU nr receiving too much under the present nndeu. depends scouts to see capital Wlnnera In Recent Drive for Funds Qo to Washington Twelve Boy Scouts from as many different troops left City Hall Plaza in automobiles at 8 o'clock this morning for Washington. They were awarded the trip for their meritorious work during the recent scout campaign for funds. The boys will stop at Baltimore on their way down. While in Washington they plan to call on President Harding, the honorary president of the Boy Scout of America. Returning they wilt visit the Naval Academy ' at Annapolis. Horace P. Kern, field director, is In charge of the party. Harding and Bankers Differ Over Loans Continual from Pas jtn ' it can be said positively that this Ad ministration is strongly opposed to the granting of American loans for for eign government budget purposes. Waist by Governments Not only would free access by foreign governments to American money mar ket weaken the influence of this Ad ministration upon those governments, but economically there is a sound rea son for not lending money to meet for eign budget deficits, such as that In France. World capital is scarce, and most government use of capital is un productive at least, much of it is sheer waste. For the recovery of Europe and the world it is necessary to cut down this unproductive use of funds as much as possible, and a policy of the American bankers and Government of refusing loans upon reparations bonds for use in meeting the French deficits will have a wholesome effect in conserving capital. It will tend to force France to reduce expenses on army and elsewhere and to improve itH system of taxation. The Government is undoubtedly richt on this point. Tb bankers are probably light m holding that an attempt to re strict the use of money borrowed here U. S. TO TAKE PART IN AUSTRIA!? PARLEY . , WisMafton, Ut 27. (By A. P.) American participation In International discussions about ecMosalc relief for Austria would be regarded by the Hard ing' Administration, It was indicated today, as nothing more than the exer cise of the right of one ef Austria's creditors, Formal Invitation to Join In the con ferences Is understood not to have been extended to the United States, but in formal information Is to the effect that the question will be considered soon by the League of Nations Con-sell and then be submitted to the" Supreme Council for final' conetderatten. Ambassador uarvey, as tne' FresMent's representa tive on the Supreme Council, will be in a position, to participate in the discus sions before that body. Adssiatstratlon oScers said that since Austria was a debtor to the United BUtesito the extent of mora than $24, 000,000. the case SMSMMtad dearly one la which the Aaeerican Government was dicactly intprested and that par-, ticipation In it adjustments would be in line with the Administration's policy. America Mutt Fight fdr u Place in Sun" CMthiMd fraM rn O-m' tive tariff, and this I believe will be the case, as tfce basis of preferential tariffs with ber colonies and dependen cies. America, will flnd her most Im portant foreign market seriously affected. Mr. Hay summed up his address in inese points: "we should bend our energies to the creation of financial institutions under tne edge law in this country, with their subsidiary branches ahmari. to provide requisite banklne facilities, and especially' with the view of assisting our cuiiens in tne nnancing or foreign en lerpnses. xnest oanxs should oe capa ble of facilitating the extension of long. time foreign credit. A law grant ing Federal incorooration to farelcn trading concerns Would facilitate Amer ican foreign trade in the Far East. "We should provide an American merchant marine. Before the war only 10 per cent of our foreign commerce was carried in American -owned ves sels. Our steamship lines should be under private ownership without com petition by Government-owned Teasels. jnasMnaBW' " .BSBBBBBBBBBaflnaml tnBBBBBBBBBBBBBBBBBBBBBBBBSk ' iMg-sir hs-Isii ti i is -flK!M of securities already' em. . r ts,ts wiicy we wnm eofttrtftnt in a, iti" w ska esMMlen of our foreign cobs hi the Mtebaaa ir Mayer Moore, faetu JOHN IlAYS HAMMOND Fantesas engineer, who spoke today before tho American Cot tea Mam factarm' Association m tbls 0tjr . : 1 , We should make the necessary rerision of our navigation laws.. lUbreada Should Bo Knooarafed "Our railroads should be, encouraged to make specially reduced rates for roods destined for eioort. "We should maintain a protective tariff to insure the integrity of our own industries and the high standards of living of American! wace -earners. Our tariff should be such as to enable us iu unrgBui wnu pur uiucr ubmwhb .uU- oetitora in order to prevent any die crimination by them In favor of our competitors. "Our Government would greatly en. courege American enterprise abroad by making the income from such investment exempt from Federal. taxation, relying Indirectly for lta compensation on the benefits from the greatly Increased ex port, trade thereby developed. "We should effect an ajrreemenjt with other' nations to prevent future viola tions of the sanctity of contracts. "We should provide educational fa cilities for those engaged in our foreign service and for those engaged in our eiport trade, The languages of the various countries must be learned and the psychologies of their peoples under stood. Would Amend Sherman Law "We should amend the Sherman law so as to encourage the association of corporations and Individuals in the purchase abroad of raw materials. "We should secure the reciprocal right from other countries In the devel opment of natural resources. ''Borne provision should be made by our Government against the dumping into our money market of the State nd municipal bonds of foreign nations without adequate investigation of the soundness of these securities. "Finally, our Investments should be wko wekeesed the urns to raiMceiMta, urges thm im attMtina to th develop ment of bastaesa In-this country rthtr than the business of'Cotaaetinr Battens. He abre advised them to watch lefls' latton carefully. "We matt get rid of seeae of the asm-stringing Federal laws," he de clared, "and get rid of some of the barriers la the way of obstructive laws that ara. holding as to a war kasla." The Mayor dipped very brief y Into local affairs and asked his hearers not to be swayed by what they .read of local contentions; "The heart of the city Is hit right," ha added. . Dr. Hollls Godfrey, president of the Drexel Institute, spoke on "Manage ment Mieatlea."' - ,... RICKENBACKER AGAIN IN AIR Mall' Plana Pilot PlaHa Up Trans contlnsntal Pilar Cherewie, Wiw,, May 27. (By A. P.) Eddie, Blcken backer, American ace in the World war, resumea nis trans continental fight from this city at 0 'clock this morning aa a passenger in a mall plan piloted by O. V. Pickup. At Omaha Rlckenbacker Intends to take command. of the ship and drive to Washington.. arrivingi there in time for a banquet Saturday night. Before tak ing pit this,' morning Rlckenbacker in spected the machine wrecked when he landed here last night. Examination of the ground showed Rickenhacker landednear the center of the fleld. Alter toucmng the ground ma hip ran about 800 feet before it smashed into a gully, wrecking his landing gear. Officials declared today that the flam ing "T" placed for guidance at the end nf the field we improperly located, causing Rlckenbacker' to land his ship tail to the wind. 'GOT THIRD!' BIGAMIST SAYS West Virginia Man' Spring's 8urprlse on Two Wives Fairmont, W. Va,, May 2T. "I'm going to tell something that will startle rB," Earl M. Taylor said on the wit ness stand yesterday in his trial on a 'charge of bigamy. As he spoke be nodded In the direction of the two wives, complainants. The spectators listened Intently and the two women- waited In quiringly, "I've tot another!' Taylor confessed. Mrs. May Taylor, formerly of To ledo, O.. and Mrs. Martha Taylor, for merly fit Clarksburg, W. Vs., gazed at blm in astonishment for a moment 'and then at each other. "I thought that would get 'em," re marked Taylor, who appeared to enjoy the effect of the bomb he bad tossed. "I might as well tell the truth about It now!" Taylor said he first married in 1013, bat left his wife, and he did not know where she was now, he said. He was sentenced to 'three years' in the penitentiary. sWYJrWYI IY POiSt , jiu autmrTED si FrlenellaM Jsreay Ud gt.. rink af Whtf About to Ju1 The police of the Second DhtrietLi old Joseph Zuppardo, of NorthArluli at Delaware avenue and ri-EWS JhsW. of tbro,n' s A Greek sailor restrained him j 3 asked what the trouhu ... n4l? A l i t -- nasi sold he was in want and Tl)?.'ifl E'." ., " "; A" J"?." lthS Second District station, whet? hi JL.1 the police his name and toli tK.i!!!?1! he. lived at 42 Bristol .:r "V."?a Arlington, and had been broughttu this city by a careen!..- -.vl ,,!nl tKr,t8Mt "-! iSUR MVMAVA nPURCUAttl lWYcnirCrtdii.i6oe4 JERSEYlni SUITS Olivii Tan, Brown a navy 17 JBret Otf Chtrming tin M DRESSES ID Taffeta. lYtcehns, Canto Crepe cf Satin Alterations FRK15I Btylisn Btoou , Specially liii .V'jaiifJB '57 IQ.98 Men s Suits models. up Boys' Soils fllaal or 4U breasted with at wlth.ot k.li. " Gately & Fitzgerald CIS Marktt St. I nan mnnwnii" wm iituMn ) Opvn Itat, Kvoatan a jor productive purposes to tbe purchase or American rate. h nddeu. depends iiimii t.nI.AH Ia. n, n tnannffinv ,l,sir Imut. .." . . . I kt Imarlnnn nwm.1 ..,.. to A..k J ....... .u i nil am ,.v annum nml n iia, ,.., I "' ..v ...w.. lr.vuuno 10 iiauun uuu It- ..i.,,n i inr-rn n no, ,.r,.ni ' short-sighted, and that it will tend to Iii order to justify a decrense in rates I ow "P M recovery. It would shut there must be a dt-crcmo in tin- iIiiiib-. Vurope t ' the cheapest market and that th" railroad, have to uu. " '"aT" Z.Z.' ... u.w. juuuauij Three- ,.. , -, At Day isES-Vl ' Pre" Sale V & Son BBSk m X Sk BF BBBaatB?eaaBBBBW STORE WORKERS DANCE Strawbrldge & Clothier Employes Open Pavilion to Public The open-air dancing season was in augurated last night in the new pa vilion on tbe Strawbrldge & Cloth ier athletic field, 8ixty-third nnd Wal nut htreets. In line with the inten tion to make the field n recreation cen ter, the public was admitted, more than 2000 complimentary tickets being dis tributed. A special feature which found much favor was au exhibition of the minuet and folk dunces in costume, after wtilch the floor was open to all visitors. The Administration would take this view if it were not for its fenr that the American farmer would tnil to take a longer view or his own .interest than the immediate investment of the foreign loan proceeds in Ameri can farm products. Compromise May Result l'rnbnbly a compromise between the Administration and the bankers' point of view will be possible which will close American loan markets to foreign Gov ernments, but will leave some latitude to foreign borrowers regarding the use of his loans here. The conference was called not so much to discuss tbe foreign loan situa tion, us to disrus.i the financial situa tion in which the American farmer is plnred inevitably it passed from this GUARANTEED Gold-Filled Cases 17 JEWEL $ A m ELGIN J h movements 1(1 These famous 17-Jewel Elgin Watches are known as among 'the best timekeepers made. Each .movement is carefully tested to give the most exact timekeep .inR service. They are fitted into guaranteed gold-filled cases and the movements are regulated 'into the cases so that these "watches are ready to give you real, accurate time. If you are interested in a watch here it your opportunity to obtain one MX a GREAT SAVING. Hrnd for 31.'s 111 CataU U!onMTOIBjei COR. 8th & CHESTNUT STS. IS 1 1 MARKET ST. MUSKET ST. aBBBBBBBBBBBBBBBBBBBBBBn! faTraSkfiroSsIw&y Immm y rS; aBunHoaBBfBBam .BBBBBBBBBBB f':-'::SBK:iiv'SKBBBBBBBBaV WWTwHMHi?rt?aBBBBBBBB .SBBBBBBBBai tif BMB VaaBaaan A LL that you like or desire in a Mbnm BBBBBBBB) I mWlTh 0T .'I.'VbBBBBBBbW KAn-:'.T(;yaBBBf 1mm mmm UTCUaBBBBBBBBr M fMww WW 3m cigar you will find in Girard. Mellow mildness, delightful fra grance, rich, satisfying flavor and smooth uniform smoking quality. The new Girard is a better, bigger smoke than ever. Try them. GIRARD America's Foremost Cigar Never gets on your nerves GIRARD Broker" He A national favorite Other alaaa 10c and up What the Foreign-Born Think Of Restricting Immigration While every one else has had his say on the big vital problem of immigration, little has been heard from the 13,000,000 foreign-born who are already in the United States, and who know the subject at first hand from hard personal experience. Moreover, it is the brothers and sisters, and uncles and aunts, and cousins of these 13,000,000 who are now on the other shore of the Atlantic dreaming of America, and waiting to come, so that our alien-born can speak of the problem with peculiar sympathy and understanding. To obtain a full revelation of the mass-mind of this great element in America's 110,000,000, THE LITERARY DIGEST has solicied the opinions of the foreign-language newspapers throughout the country, and in this week's issue (May 28) presents translations of edi torial views of papers published in the following languages: Armenian, Belgian, Danish, Dutch, Finnish, French, German, Greek, Hungarian, Italian, Jewish, Lithuanian, Nor wegian, Polish, Roumanian, Russian, Slovak-Slovenian, Spanish, Swedish, and Ukrainian. Do not miss reading this article because you will obtain at close hand the real viewpoint of our alien-born population upon the restriction of immigration. Other news-articles that are unusually interesting in this number are: Mr. Harding's New "Foreign Entanglements" Lloyd George Under Polish Fire The Battle of Tug River Egyptian Suspicion of Britain Race Suicide Declared Impossible Mr. Edison's Brain-Meter The Chinese Famine Half Relieved Our Religious Criminals Sand on the Rails The New "Land of Promise" in Palestine (With Map) India's New Viceroy in Action Germany's New Foreign Markets A Record Telephone Talk Movie Censorship in Japan The Bible Test at Harvard Edison's Posers Answered In Various Ways Topics of the Day Best of the Current Poetry An Unusually Large Collection of Half .Tone Illustrations, Cartoons, and Maps United States Senator Reed Smoot says: "I am offen compejled, in order to save time, to turn to THE DIGEST to get the gist of the world's news in a reliable and condensed form. I appreciate the high standard of the magazine, and the character of the information it furnishes." May 28th Number on Sale Today News dealers 10 Cents $4.00 a Year FUNK k WAGNALLS COMPANY (PublUhers of the Famous NEW Standard Dictionary), NEW YORK r'M il t h' w Q A ft JkJ2J'i,' -..w ,V.j. .. I nt't, HLjj rtil
Significant historical Pennsylvania newspapers