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Newspaper Page Text
GAS CO. CUTS ITS QUARTERLY
DIVIDEND ONE PER CENT
The Peoples Gas Light & Coke Co.
cut its quarterly dividend down to 1
per cent yesterday. That makes the
annual dividend 4 per cent instead
of 6, as it has been in the past.
Two reasons are given for the
change. The company and some
business men say that the high price
of the materials that go into the
making of gas and the increased cost
of labor have cut profits.
Other business men, antagonistic
to the gas company, say that the cut
in dividends is a stall by the firm to
get sympathy from the city council,
which is considering a grant to allow
the firm to make poorer gas to cost
A cut in operating expenses is
what the company needs, according
to some. Tremendously high salaries
for the men at the top and legal fees
among the highest of any concern
in the city are the loads which are
cutting dividends, some business men
The stock has dropped from 120
to 90i on the market during the
POLICE AND JUDGES DISAGREE
ON BISMARCK PICKETS
Striking waiters walked in front of
the Bismarck gardens last night se
cure in the thought that they would
not be molested for wearing across
their breasts the signs: "Bismarck
Hotel and Gardens Unfair to Union
Labor," since every picket arrested
for wearing the signs has been dis
charged in municipal court.
But they reckoned wrongly. Frank
Mahoney and Dennis Ward, union
pickets,, were arrested and taken to
East Chicago av. station.
A union official said today that
Capt. Skidmore of East Chicago av.
station had told striking waiters that
if any more pickets appeared with
the cards, on their breast they would
be arrested and held without being
1 SEN. JOHN POWELL ACQUSED BY
Warrants have been issued for the
arrest of State Sen. John M. Powell
and Harry Martini, a police char
acter, on a charge of contributing to
the delinquency of two young girls.
The warrants were issued after the
girls told the story of a drinking
party and hotel trip to Ass't State's
Att'y Robert E. Hogan, assigned to
the juvenile court A newly-elected
alderman, nicknamed "Cupie," an ex
alderman and a policeman also face
arrest The girls say they were in
troduced to Powell by a woman who
spoke to them in a "movie."
A warrant was also issued by
Judge Stelk for a woman named
Evangeline Brack, known as "The
Blonde," who is mid' to have intro
duced the girls to Powell and Martini
and induced them to drink.
Both the new alderman and the
ex-alderman named in the girls'
stories have lately been boosted as
"uplift politicians" by the newspa
pers. Martini is said to have a long po
lice record and was arrested in con
nection with the payroll robbery of
Fortune Bros.' brewery recently.
GERMAN SOCIALISTS MEET RUS
SIANS IN STOCKHOLM
Amsterdam, April 14. The Social
ist leaders Adler, Erneberger and
Hasse are accompanying Philip
Scheidemann totStockholm, accord
ing to Berlin dispatches today. These
four Socialists, granted special pass
ports, are supposed to meet respon
sible Russian envoys in the Swedish
capital, and Berlin hints that they
may later proceed to Petrograd to .
further the Socialists' peace plans. ,
QUIZ KAISER BOOSTERS '
Jos. Diefenbach and Al Abrams
were brought to Chicago from Gary
today to be questioned by HIntoa
Clabaugh, dep't of justice "They are
said to have been spreading German
propaganda in Ga"ry.