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THE EVENING WORLD,. THURSDAY, DECEMBER 28, 1922.
SLlTmnlAirAAc Toha (Ivor RucSnocc I Af 1 flftftflftft Ownpr. Givm TliPm With Loan of $250.1)011 to Run It Henry A. Dix & Son Certain Unique Experiment Will Succeed Despite Friends' Warning Old Employees in Control. Six old employees are today at Uio licnd of the dress and iiuiih' uniform manufnclurlng business which for more than a quarter of u cen tury was conducted by Henry A. Dlx. lator became, the firm of Henry A. Dlx & Son.! Company, at No. JIG West 14th Street, and Is now the Henry A. Dlx & Son s Corporation. This business, clolnc a trade amount Ins: to at least a million dollars mnu fe' ... & Appreciation of the worklngman's side of the ciipltal-labor (UCHtlon." TELLS OF A DYNAMITE PLOT IN GEORGIA TOWN tlnniri lit ( mi in !" I in In CoIhiii tin (iunrilril. roUMIUN. (Iii . Dep. SS.-CliarKid tliut n plot h'ul been fnnned In dynamlto certain bulldlnsx I" Colimibun, Including tha homes ot eleven 'Uy Cmntnlfslnncrn, wero mnilo nt n inns nicotine of cltl. sens hrfc yciit'Tilny by Commissioner Mnmlinll Murtmi The homo of the CommlMlnnrrn nnd oilier buildings "iro under itunn! follow luff Mr. Morton's revelation. lie mid their Imd been minors of such it plan for sonic time, and that wlillo tho Commissioners did not plaqo much str.ck In the report nt flrM. they had niado un InvcstlKHtlon. and licrnmo convinced of Its truth. II" Hiild they hnd obtalnud tho nit men of nhout a dozen men con nected with the pliui. No reason I" given for tho nllcsed plot BERNHARDT BETT.ERj DOCTORS SEE RECOVER" llnrrliiu oinpllenlloin, I'mitim tclrruM Is Out if DniiBrr. PAULS. t)rc. 2? (Assoclftted Press) The condition of Mine. Sarah Dcrnhnrdt iifculn took .i turn for tho bettor to-day. Tho Actress bad a Rood night's rest, her sleep beltiB disturbed lo a Ices degrco than at nny time slnco her collapse, and this morning sho ehoncd marked Im provement. Unless -implications develop, the doe tors say that If Mine, llcuihardt Im plicitly follows their Instructions sho Is out of Immediate danger, but must ro mnln In bed for perhaps n week. The ban upon the admission of visitors to tho sick room Is still In forco, but this morning Mine. Bernhardt received her ou Maurice. HENRY. A. DIX..... klly, was turned over to 115 employees nd yesterday, with tho announcement ef the transfer, Mr. Dlx and bis sou, Mark H. Dlx. received their last proflt checks from It. Tho sale of the business to the em ployees was .consummated on Dec. JC. For worklns capital Mr. Dlx lent his former employees IMO.OOO. The six employees who now head tho buslncrs u new Incorporators at Albany arc: President, George V. rtelscr: Vice President, Samuel Frank: Treasurer, Italph Waltman; Socretary and Gen eral Manage. Urcd K. Frank; di rectors, I.csllc I.. Miller and I. N. Ntxon. Mr. Reiser started with tho com pany at tho ty;o of fourteen and Iibb a record of twenty-flvo ycara ncrvlcc. He has been designer nnd general su pervisor of tho production of ull garments. .Mr. Frank hn.t ,lccn for fouflecu j;cars in charge of tho selling end, as wfll as giving his perfconal di rection to tho execution of all orders. Mr. Waltmon'bcrvlcc covers nperlod of twenty years as tho head "of ' the cutting department and directing, to gether with Mr. Uelser, all factorV problems and policies. Mr. Miller has been for fourteen yc-is manager of tho plant In Urldgo ton, to. J., while Mr. Nixon" has served for twenty-two years, for 1Kb past twelve years as manager of tho plant In Somervllle,.N. J. Mr, Frank for tho past eleven years has been working closo to Mr. Dlx In an execu tive capacity, covering financial af fairs, purchasing of materials and outlining of plans. These directors own all tho voting common stock, which... consists of 2.000 shares of no par value. They havo entire chargo of tho business and Tuesday had their tint meeting In Mr. Dlx's office. Mr. Dlx offered his advice n. number of times, but when they' felt inclined to do bo they rejected It. Of course, under the plan of tho sale. Mr. Dlx has a mortgago on ull the transferred stock, becauso his em ployees did not huve tho cash to mako the purchase outright. Ail employees who have b-en '-Ith tho firm for three years or moro will be the owners of Class A. common stock, of wh'')h 1160,000 worth has been n.uthv' ed for Immediate and future aiiourni, iTnfler tho Dlan. employees will avo nald for tho stock after Mx jears The new corporation will credit every year each person with 2 per cent. . .-f the amount allotted to him or her. Of this amount one-fifth will be paid In cash and four-flftlis will lie applies toward tho purcnaso or mo biock Thus tho corporation will give to Its employees an annual bonus, 80 per cent, of whicb will bo applied to the stock prlco ana me remamucr i ba kent by them. Mr. Dlx, senior, ald lo-duy that that the htock, totaling js&o.uuu. was in two classes, the first being :io. 000 of class A preferred und the 000 of class A, preferied. and the other being $300,000 of class 11, which does not pa dividends nnd Is held by him as tecunty to Insuro pay ment to him for the business, This stock will bo retired In six years. The oltLss A preferred stock pays 7 per ' cent. Interest. The paid In capital Is JiSO.OOO, with no liabilities excepting tho purchase price to Mr. Dlx. Tho sale includes the buildings In Millsvlle, Urldgeton und KomerWIle, N. J. All salaries will contlnuo as ct nresent. with semi-annual raises ns In the past. ThU unbauo experiment in bul- nss management Is being made by Mi. Dix and his bon ugamsi me ad vice of their friends und attorneys, v,ho told them It couldn't bo done. .... ....... i. i.t i. " Mi. niv raid lo-day In the onice. "I told litem they did not know my employ "I am sure they will be as sue cfte.ful an I hnve Ix-en and I hopo 'S.,eJHimi'le will result In a better Oppenhe8M.llins& 34thStreot New York Friday A Closing Out Sale of Misses' Evening and Dance Frocks j Sites 14 lo 18. Also Suitable for Women to 36 Bust MODELS OF CHOICE FASH IONING AT REDUCTIONS WHIGH COMPEL ATTENTION Values to 69.50 Reduced to 28.00 Of brilliant Metallic Cloth, Radium Taffeta, Chiffon and Chiffon Brocade. Widely va ried styles, shaded in shim mering jewel and flower-tints Also a Sale of Misses' Tailored Cloth Dresses -Greatly Below Regular Value Models of Poiret Twill and Tricotine in i -5 mp many choice styles. Varied trimmings I J a5oV5 of beads, embroidery, ribbon and braid, j No connection with any other C8tabliehment in the world THIRTY-FOURTH STREET Fillh Avenue and Broadway Misses' Dep't3rd Floor l J OPPENHEIM.glUNS &6 34thSttcet New York Exceptional Underwear Values Friday Crepe de Chine Night Gowns Specially Priced 3.95 Many dainty models, both tailored and lace-trimmed, in Flesh, Blue, Orchid and Peach. .oil! Seco Silk Nightgowns lo 00 In delicate pastel shades Special )XJXJ Crepe & Radium Chemises I9 qk A wide choice of styles Special "sD Radium Silk Bloomers 19 Flesh, White, Orchid Special j m V a Wash Silk Petticoats Crepe de Chine and Radium Silk Special 3.95 3 Annual Clearance Coats Fur Coats Frocks Suits a At Extraordinary Reductions Beaver and Squirrel Collar Cloth Coats also coats with raccoon or caracul collars v.:--: 35-00 Fur Trimmed Cloth Coats with large collars of beaver or wolf, or ' a- . jwith collars and cuffs of squirrel or fox. iy v 55-00 French Seal Coats c0o-) Superb highest class garments taken from regular stock, richly lined. ; 75-00 Raccoon Coats Taken from regular stock, made of dark full furred skins. . I45.00 Millinery Clearance ! at Astounding Reductions Hats of Faille Silk Canton Crepe. Satin, Velvet or Felt, embroidered or trimmed with flowers or ribbons, taken from our reoular stock of recent models. 5.00 t J