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The evening world. [volume] (New York, N.Y.) 1887-1931, December 28, 1922, Final Edition, Image 4

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Persistent link: https://chroniclingamerica.loc.gov/lccn/sn83030193/1922-12-28/ed-1/seq-4/

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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
... &
Appreciation of the worklngman's side
of the ciipltal-labor (UCHtlon."
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
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
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.
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
34thStreot New York
Friday A Closing Out Sale of
Misses' Evening and Dance Frocks
Sites 14 lo 18. Also Suitable for Women to 36 Bust
Values to 69.50
Reduced to
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
34thSttcet New York
Exceptional Underwear Values Friday
Crepe de Chine
Night Gowns
Specially Priced
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
Annual Clearance
Coats Fur Coats Frocks Suits
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.

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