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Times Union from Brooklyn, New York • 21

Publication:
Times Unioni
Location:
Brooklyn, New York
Issue Date:
Page:
21
Extracted Article Text (OCR)

THURSDAY BROOKLYN TIMES UNION JANUARY 5, 1933 EXPLAINS CLEARING HOUSE TO ROTARY CLUB Supervision Ass'n Means Pledge of. Safety, Says Raymond E. Jones. The supervision of the New York Clearing House Association means pledge of safety for funds, declared Raymond E. Jones, vice president of the Bank of the Manhattan in addressing the Rotary Club of Brooklyn today.

Mr. Jones, whose subject, was "What Membership in the New York Clearing House Association Means to the Banks, of New York City," said in part: "It has been interesting to watch the growth of the New York Clearing House, When I started in banking in 1901 one clearing each day at 10 A. M. could satisfactorily handle all the business of the New York Clearing House banks and there were 62 of them then with clearings that year of over 000,000,000., As against only 21 banks today, but of course there were almost no branches in those days as against about 450 today. "Brooklyn and the other outlying parts of Greater New York did not enjoy the privileges and protection of New York Clearing House banks.

Clearings Doubled by 1917 "However, by 1917 clearings had more than doubled over $181,000,000,000) 80 about 10 of the larger banks met at nine o'clock in the morning to exchange their checks and get a start on the day's but five years later, in 1922, clearings were up to more than silo billions, so in addition to the 9 M. and 10 A. M. clearings the large banks got together at eight o'clock each morning. But the banking business of New York kept right on growing, so in 1926, when our total clearings approximated $800.000,000,000, some way had to be found to handle this tremendous volume of work.

A few of the large banks had long since been working with night forces, 80 why not the New York Clearing House? it was that the Midnight Clearing was established and without going into too many details let me say that this resulted in almost 24-hour Clearing House service, because banks commence sending their bundles of checks to the Clearing House at 5 P. M. and continue doing so until 2 A. M. Between midnight and 8 A.

M. deliveries of these checks are made to banks. "Now let us start in Brooklyn and trace your checks through the New York Clearing House. I suppose most of you are depositors in the Bank of the Manhattan Company, so I shall use any of our offices here in your midst as an example. checks you deposit here today will all have been sorted and sent to the main office in Manhattan by eight o'clock this evening, where they will be combined with those received from our other offices and.

correspondents and by midnight, or not later than 3 A. will be in the Clearing House, where anxious messengers from the larger banks will be waiting to take them to the banks upon which they are drawn. Today all of our large banks have night forces to handle this tremendous volume of checks which, in the midnight clearings alone, weighs about tons. Checks Sorted "Now during the night all of these checks are sorted according branches and are ready, for the bookkeepers, upon their arrival in the morning, whether it be in Manhattan, Brooklyn, Staten Island, the Bronx or the Rockaways, from which you will see that those checks which you draw here in Brooklyn today, if propmtly deposited, will be right back here in the morning waiting at your bank to be paid. "But what about those checks you send to Boston, Philadelphia, Chicago, Now Orleans, the Pacific Coast and Europe? Clearing House activities don't stop with this midnight clearing, Messengers bring mail to the banks from the New York Post Office all during, the night, these letters containing many thousands of checks from cities all over the world.

'Such checks are sorted rapidly and cleared 8 A. but mail continues to pour in, 80 more checks are cleared at 9 A. M. takes and then at 10 the A. M.

final when clean place there is included in the envelopes for each bank slips representing the amounts sent them in the different clearings from midnight until ten o'clock. By 1 P. M. all clearings must be settled for at the Federal Reserve Bank. In my early banking days such balances were paid in cash and millions of dollars were then Stop a COLD the First Day! This Four Way Remedy Does It: Play safe! Take a COLD remedy for a cold! Grove's Laxative Bromo Quinine stops a cold quickly because it does the four things necessary.

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SPEAKER RAYMOND E. JONES carted through the streets daily, while not a single cent leaves the Federal Reserve Bank today. "By 10:15 A. M. all the banks have their checks for the day, but what about those many thousands which have to be returned because the drawers have not sufficient funds their accounts to pay them, or they are post.

dated, or filled out incorrectly, or an endorsement is missing--Possibly Mrs. Newlywed has temporarily forgotten she is married and signed household check with her maiden name, or Sonny, not wanting his new suit returned when it arrives C. 0. signs dad's name to a check, and forgets to tell dad. "Before 3 P.

M. every check must have been examined and if it is not to be paid then it must be returned to the bank from which it was received. If for $5,000 or less it can be returned through the 8 P. M. clearing which is held for that purpose, or if such item to be returned is held by a branch bank in the "outer zone" that is, some distance from the Clearing House, telephone advice is given the main office, which places an advice slip in clearings of the bank to receive it, and the check itself can be returned at midnight.

"Checks of $100 or less may be returned through the midnight clearings without telephone advice, this being a rather recent ruling. Clearing House Safety "Now let us see what Clearing House safety means to the depositors of our 21 Clearing House banks, the assets of which amount to $9,369,000,000 or more than 93 per cent. of the total assets of all the' 92 commercial banks and trust companies in Greater New York. There are 255 reporting Clearing Houses in different cities of the United States and the New York Clearing House handles about 62 per cent. of the total clearings of the entire country.

"No bank can become a member of the New York Clearing House unless it has a capital of $1,000,000. It must pass the high standards of safety and management prescribed by the admissions committee which acts only after, the bank has been thoroughly examined by the Clear(ing House examiner. "The government of the Clearing House is in the hands of the Clearing House Committee consisting of five members and the president of the association, Generally these members are all bank presidents and to read the names of those who have thus served the New York Clearing House during the past three quarters of a century is to review the leaders of American finance. However, all members stand on a parity in determining the pollcies of the Association. "Every member must make a weekly report to the Clearing House on a form which immediately reflects the true condition of the reporting bank.

In addition to these reports, competent examiners make periodical audits of each bank, at least once a year, such reports giving particular attention to the soundness of the assets of the members and, don't forget, these reports are made in the light of the most intimate knowledge of the financial affairs New York banks and of general conditions as well. "Now what does all of this mean to you? It means added security for your deposits a great safeguard provided to you depositore in the New York Clearing House banks and at considerable expense to the banks which, of course, also pay for the usual Federal or State examinations- so you will readily see your funds have the protection of an organization whose very fundamental purpose is to assure sound banking to the people of New York. "The supervision of the New York Clearing House Association really means a pledge of safety for your funds and it has meant just that during lifetime of the present generation. Not for more than 25 years has a New York Clearing House bank failed." TO INDUCT OFFICERS OF MANSFIELD CLUB Hesterberg to Lead Democrats in Ceremony Tonight. Borough President Hesterberg will install the new officers of the Mansfield Democratic Club Flatbush tonight at the club's headquarters, 823 Webster ave.

Arrangements are in charge of Harry A. McDermott, the president. James Sullivan is the club's honorary chairman. The women's organization, headed by Mrs. Joseph Altomaria, will be represented.

The club's tenth annual ball will Saturday evening, Jan, 14, at the Columbus Club, 1 Prospect Park West. John J. Doyle is chairman of the arrangements committee. I SEMET-SOLVAY VAY COKE $10:50 Per Ton C. O.

D. Over One Million Satisfied Customers Know There In Na Better Fuel CORNELL COAL Inc. 9402 THIRD BROOKLYN, N. Y. Telephone Atlantic 5-3060 DEMOCRATS FACE SPLIT IN ALBANY OVER PATRONAGE McCooey and Curry Depart With No Word Concerning Committee Posts.

By GEORGE L. CASSIDY (Times Union Staff: Correspondent) Albany, N. Jan. continued today to beset the Democrats in their new found position of power in the State Senate. National Committeeman John H.

McCooey and Tammany Leader John F. Curry left no word here a8 to what individuals would be chosen to head the important committees, except in the case of finance, of which Senator Jeremiah F. Twomey of Brooklyn's Greenpoint section has been chosen chairman. Despite a hurried conference between Assembly Minority Irwin Steingut and Senate Majority Leader John J. Dunnigan the Bronx, who came here for a.

brief visit yesterday, not even a tentative list of appointments was allowed to be circulated among the Senators. The tentative list, published in the Times Union last week, still stands, but Mr. Curry is understood to have broached again his demands for more recognition for Manhattan. Kleinfeld's Friends Active As a result of this friends of Senator Philip M. Kleinfeld of Coney Island, who has been threatened with loss of the chairmanship the committee on taxation and lot retrenchment, to which he is entitied under the seniority rule, have grown active in his behalf.

Mr. MoCooey has stood firm. He has insisted that the seniority rule be preserved. The showdown will come next Monday night, when the appointments must be made if the work of the Legislature is to go on. The betting is that Mr.

McCooey will have his way, for it is generally conceded that his support is essential to Mr. Curry. Meanwhile, the New York City leaders were mulling over some straight, from talk National understood Chairman have James A. Farley here yesterday. He is said to have declared that he must be consulted in regard to appointments to up-State jobs, at least for candidates from above the Bronx, it the New York City leaderg expect to be given his aid in obtaining Federal patronage.

Keen Move by Farley Seen Mr. Farley is given credit for having great influence with President-elect Roosevelt in matters affecting practical politics. said to have declared his willingness to keep his hands off New York City he is allowed to pass on upState patronage. Some regarded Mr. Farley's proposal as keen move to drive wedge between the New York City leaders and their up-State allies.

Whether they will accept his proposal is open to question. The big unknown factor in the situation is the attitude of Gov. one organization appointment, that Although DO he had made of Police Judge Edward A. Rogan as Surrogate of Albany County, he has not yet made it clear how far he will allow himself to be advised by the various leaders. Persons close to the new Governor believe he will adopt a policy of listening to their advice and accepting it in the majority of instances.

They are convinced, however, that he will act independently if he considers their suggestions ill advised. HESTERBERG OPENS $1,000,000 TALKS 100 in Street Broadcast Their Views on Wealth. The "man in the street" had minute before the microphone yesterday when a broadcast was held on the steps of Borough Hall, following an Introductory address by Borough President Hesterberg. The broadcast, the first of its kind to be held in Brooklyn, was conducted over Station WLTH in conjunction with the Brooklyn Paramount Theatre. One hundred persons were interviewed on the question: "What would you do with a million Those interviewed were picked at random from the crowd assembled to hear the broadcast.

They seemed willing to give at least halt million to the poor and unemployed. Borough President Hesterberg, when which will be resumed tomorrow inaugurating the broadcasts, afternoon, said: "One thing should make u8 all happy, and that is that when the corner is eventually turned, we have the assurance that in this country millionaires can be made as well- as born." The shortest answer made by Charlie Batton, a bootblack, who said he would put his million dollars in a bank. Judge Sylvester Sabbatino, who spoke for a minute, following Borough President Hesterberg, stated that the first thing he million would dollars do upon receiving a would be to. aid the unemployed. FIRES SHOW INCREASE Dorman Says Business Depression Does Not Affect Rise.

An increase of 234 fires in the five boroughs during, 1932 was shown in figures made publio at Fire Headquarters, in Manhattan. The total was 81,228, and for the previous year, 30,994. The figures for 1982 by boroughs were: Manhattan, Bronx, Richmond, Brooklyn, 10,730, and Queens, 4,476. "Contrary to what people said Fire Commissioner John Dorman, business depression does not cause an increase in fires. When times are bad, inventories are lower, stocks are smaller, and there 15, accordingly, less Incentive to have fires." 13 Brothers Drown Under Ice; Flyer Saves Fourth Youth' Sons of Wealthy New Jersey Widow Are Victims of Skating Accident on Mountain Lake.

Hamburg, N. in a hazardous landing ceived credit today boys who had been Jan. pilot who risked his life near Lake Wildwood, near here, refor saving one life, but three other skating on the lake were dead when removed from the water. The three victims were the sons of Mrs. Eva Couse Swayze, widow of the late John L.

Swayze, a counsellor of the American Telephone de Telegraph and secretary to former Governor Murphy of New Jersey. Seward Swayze, 20, was freshman at Princeton University; Richard Hill Swayze, 14, a pupil at the HIll School, Pottstown, and Robert McCarter Swayze, 17, was a pupil at Franklin Marshall Academy, Lancaster, Pa, The rescued youth was Francis Joseph Swayze, 23, a junior at Harvard University and an older brother. He suffered severe lacerations of the scalp, cut by jagged ice as he plunged below the surface. Their Final Party The four brothers had come from school to spend the holidays with their mother. Yesterday they went to Lake Wildwood for a final skating party before returning to their respective schools.

They had been skating only a short time when the ice gave way. There were no witnesses to their plunge, but William Hopkins, of Sussex, N. who was flying over the lake, saw the youths floundering. Hopkins headed for Hamburg Mountain, some distance from the water's edge. He made a perilous landing on rough terrain, then ran to a nearby telephone.

He made several calls, among them one to the New Jersey Zinc plant nearby, where he knew there was a pulmotor. A rescue force was organized hurriedly by neighbors of the Swayzes. Planking WAS thrown across the ice until men could approach the hole where the brothers were drowning. A rope was thrown into the hole. Francis Joseph seized it and was hauled from the water, Bodies Recovered The other three brothers, exhausted the long struggle, were drowned before members of the rescue party could reach them.

Their bodies were recovered quickly and hurried to the shore where the pulmotor was waiting. pulmotor crew worked for some time before Dr. J. G. Coleman, of Hamburg, pronounced them dead.

Lake Wildwood is high up on the mountain. The ice on it was found to be about six inches thick near the shore, but was much thinner toward the center, where it gave way under the weight of the four brothers. father of the victims, at the time of. his death about ten years ago, was president of the Merchants National Bank of Newton, N. the late Francis J.

Swayze, a former Justice of the New Jersey Supreme Court, was an uncle of the DEMOCRATS TO INSTALL Alderman Ryan to Preside at Brownsville Club Ceremony. Alderman Thomas G. Ryan, the Democratic leader of the Second A. has been invited to install the officers of the Brownsville Democratic Club at a meeting to be held Jan. 12 at the clubhouse, 621 Livonia ave.

The officers include Sam Levinsky, often called the "Mayor of Brownsville," who occupied the position of first vice president. MRS. E. L. CARSON DIES IN 85TH YEAR Pioneer Newspaper Woman, Writer of Children's Tales, Life-long Boro Resident.

Mrs. Eva Lovett Carson, pioneer newspaperwoman, writer of children's stories and a member of a family of writers, died last night in the home of her son, Oswald B. Carson, at White Plains, in her 85th year. Her home WAS in Brooklyn, with another son, Edwin F. Carson, at 547 Lincoln pl.

The funeral services will be con'ducted tomorrow evening at 8:30 o'clock in the Fairchild Chapel. Although in her 85th year, Mrs. CarSON was active up until her death and did not appear to be more than 60. Mrs. Carson's death occurred on the tenth anniversary of the death of her daughter, Alice Lovett Carson Lewis, wife of John F.

Lewis, who was on the editorial staff of the old Brooklyn Standard Union. After the death of her daughter on Jan. 4, 1922, Mrs. Carson established a memorial for her at Vassar College, from which she was graduated. Born Eva Fraser Lovett in New York City, she had lived in Brooklyn all her life.

She married John H. Carson, of Delaware City, Delaware, April 4, 1871. He died in 1898. Mrs. Carson began her literary career in 1881, writing children's verse for the New York Post.

For many years, she a contributor to the St. Nicholas magazine, Youth's Companion and Comfort. She founded the children's page on the Brooklyn Daily Eagle, where she worked for six years. She was 17 years connected with the During her long and colorful career, she had also been connected with the old New York World and the Herald. Mrs.

Carson was the organizer of the Flatbush Garden Club in 1917, was a member of the Professional Women's League and a life member of the Women's Press Club. Of distinguished ancestry, all members of Mrs. Carson's family on both side were writers, engravers or artists. The Lovett family traces back directly to Willian, the Conqueror. Her great grandfather, Samuel Fraser, was chief of the clan Fraser in Scotlond.

Lord Lovett, an ancestor, was the last to be hanged in the Tower of London. He was charged with high treason against the British government. Her grandfather the prietor of the first hotel in New York, the City, Hotel at Broad and Thamas st. is buried in Trinity Churchyard. Mrs.

Carson is survived by her two sons and a sister, Mrs. Alice Maud McCord, widow of George McCord, celebrated painter. AIMEE TO TOUR WORLD Los Angeles, Jan. Aimee Semple McPherson Hutton, evangelist, said today she would leave in about three weeks on her projected trip around the world to recuperate from a long illness. Duplicate Contract Bridge Real Test of Player's Skill Times Union's Proposed Tourney Would Settle Arguments of Brooklyn Enthusiasts.

Until you have played never will know how good a Bridge players, here is your opportunity to squelch forever those opponents who sniff disdainfully at your high scores, and who grumble about your "luck." There is no such thing as luck in duplicate bridge, the most interesting of all card games. The Times Union da planning to sponsor a series of duplicate contract games if Brooklyniten respond to the idea. If you are interested In learning the game, which is played in all major tournaments throughout the country, fill in the coupon appearing on this page. Should enough bridge players duplicate contract bridge you bridge player you are. send in coupons, the Times Union will hold weekly duplicate contract tournaments in the Hotel St.

George on Wednesday afternoons. A prominent contract authority to tench the fundamentals every of the would be on hand at session game and to supervise the play. Silver cups would be awarded to the winners of every section in the weekly tournaments. A nominal charge of 85 cents to defray some of the expenses would be the sole entry fee. There would be no other cost.

It you are interested, fill in the coupon and mail it to the Bridge Editor, Times Union, 540 Atlantic lave. Send no money. Just Fill This Out and Mail It To Bridge Editor, Times Union: I would like to play in Times Union Duplicate Bridge Games in the Hotel St. George on Wednesday afternoons, if they are held. NAME MY PARTNER WILL BE: NAME ADDRESS ADDRESS STEER IS NAMED DEFENSE COUNSEL IN FAY SLAYING Court Appoints Prominent Lawyer When Maloney Says He Is Without Funds.

Larry Fay, New York's public enemy number three, has lost none of his power to keep Broadway gasping and talking, although he dead and buried. The boys and girls of the Great White Way, where Fay cut a brief but brilliant figure, wondered first why his funeral had been held secretly, 24 hours before it was scheduled. They also marveled at the luck of his alleged slayer, Edward Maloney, who asked General Sessions Judge John J. Freschi to appoint a lawyer to defend him because he was without funds, and received Max D. Steuer, New York's bestknown criminal lawyer, a power in Tammany Hall, a lawyer who has received many a large 1 fee for his efforts.

Maloney was protected from interviews and photographers by police after he surrendered and when he was arraigned yesterday on a charge of first degree murder. He pleaded not guilty. Althought lawyer had to Maloney as a another, appeared, suspect said he would have to depend on a lawyer appointed by the Court. Usually, the Court appoints a young lawyer eager for any case that will build a reputation. Steuer, when told of his appointment, said he would gladly serve and without compensation.

Fay's body was taken from the undertaking establishment to the cemetery where services were held at the grave. Some of his friends, their hands in pockets suggestively, were told by their leader to let the reporters "have it" if they came any closer to the mourners. It was believed the funeral was purposely held in advance of the announced time to avoid detectives who customarily go to the funerals of public enemies and pick up the known gunmen among the mourners. Maloney was a doorman at the night club where Fay, once wealthy from the proceeds of a dozen ets, but broke when he died, rachis manager. Police claimed Maloney killed him in a quarrel over a $67 debt.

Maloney, evasive under questioning at the police line up, nevertheless indicated he would plead intoxication and amnesia. MAYO CLUB ELECTS The John B. Mayo Democratic Club of the Third A. with headquarters at 196 President elected officers 1933. John B.

Mayor is the secutive member. The officers are: Joseph Palmisano, president; Salvatore Guariano and Samuel Sampino, second vice presidents; Peter Marzo, treasurer: Salvatore Crivelli, secretary," and Michael Catantella, sergeant-atarms. Phyllis Strianese is president of the women's auxiliary. Obituaries ESTHER McLOUGHLIN, 78, of 58-42 79th Queens, died Tuesday. She was born in Ireland and lived 'here 58 years.

She was the widow of Patrick, and leaves a granddaughter, Esther Flynn. The funeral will be held Saturday from Mrs. Frances -Stenger'm Parlors, 289 St. Nicholas thence to St. Brigid's R.

C. Church, where a requiem mass will be offered. Interment will be in Holy Cross Cemetery. JOSEPHINES CORRIGAN SHEERAN of 1541 East 32d st. died.

Tuesday in her home. She was born in Brooklyn, and leaves daughter, two sisters and brother. The funeral will be held Saturday at 9:80 A. M. from the home of her daughter, Hast 32d thence to Our Lady Help of Christians R.

C. Church, where requiem mas will be offered. Interment will be in Calvary Cemetery under direction of J. J. Higgins Son, PETER 0'DEA, of 990A Howard died Tuesday in his home.

He had lived in Greenpoint most of his life. He leaves his wife, Margaret Mullins O'Dea; daughter, Margaret: son, Peter, his mother, Bridget; two brothers, Patrick and John, and two misters, Mrs. Arthur Donnelly and Margaret. The funeral: will be held from the home Saturday, thence to the R. 0.

Church of St. Benediet, where a requiem mass will be held at 10 A. M. Interment will be in. Calvary Cemetery under direction of Joseph Murray, MARY JANE DOLAN, of 92 Bergen died Tuesday in her home.

She was the widow of John J. Dolan, and leaves daughter, Mary A son, Howard three sisters, Margaret Hinton, of Bay Shore: Lily and Alice Brady, of East Talip, and brother, william M. Brady, Brooklyn. The funeral will be held at 8:80 A. M.

Saturday, thence to St. Paul's R. C. Church, a requiem mass will be offered. Interment will be in the family 'plot in St.

Patrick's Cemetery, Bay Shore, under direction of Alexander McMonigle. JULIUS KORNHERE, 53, of 0110 Ridge died Tuesday. He WAS born in Austria, and lived 95 years here. He was a contracting decorator by profession. He leaves his wife, Erna.

Interment will take place in Evergreens Cemetery at 2 P. M. tomorrow, under direction of J. J. Darragh Son.

BERTHA QUABACK CARROLL, 36, of 9225 Fifth died Tuesday. She WaS born in Brooklyn, and leaves her husband and three sons. Requiem mass will be offered at 10 'A. M. Saturday In St.

Patrick'e R. Church, and interment will be in Holy Cross Cemetery, under direction of J. J. Darraugh Son. ANNA ELIZA 86, of 619 Leonard died yesterday.

She was member of the Bushwick Central M. M. Church. She leaven two daughters, Sadie E. Stevens and Mae.

Shea. The funeral services' will be held at 8 P. M. tomorrow in the home, and interment will be at 10 A. M.

Saturday in Cypress Hills Cemetery, under direction of A. Cheater Smith. HOSANNA PEARSON of Decatur died Wednesday in her home. She leaves daughter, Mary E. The funeral will be held at A.

M. Saturday, thence to Our Lady of Victory R. 0. Church, Throop ave. and McDonough where a requiem mass will be offered.

Interment will be in Holy Cross Cemetery under direction of James IN Tract ACCUSED SLAYER FUNERAL SERVICES FOR J. W. RAYMOND Accident Victim Was Retired Leather Worker. Funeral services were held at 2:30 this afternoon in the Church of Our Saviour, Pierrepont st. and Monroe for John William Raymond, 68, retired leather worker, who died Tuesday as the result of an automobile accident.

Burial will be at the convenience of the family. Mr. Raymond retired last year after having been connected with the U. S. Leather Co.

for 30 years. He was a veteran of the 23d Regiment, and was a member of the Ardsley Club, Society of Colonial Wars in the State of New York, Sons of the Revolution other organizations. He leaves four sons. WALTER C. REID Former Boro Resident, 73, Dies in Stamford, Walter C.

Reid, 73, of 44 Vernon Mount Vernon, N. formerly vice president and general manager of the Lincoln Warehouse Corp. of New York, died yesterday in a Stamford, sanitarium. He was born in Brooklyn and was a graduate, of the College of the City. of New York.

Before his retirement years ago he had been associated with the warehouse for 40 years. He was a founder of the East Side Improvement Association. He leaves a wife, a son, and two daughters. JOSHUA MELTZER DIES Ex- Connecticut Legislator Leaves Daughtere: at Williston, Joshua? Meltzer, attorney, Talmudic scholar and a former member of the Legislature; died yesterday in his home in Bridgeport, after a long 111- ness. He leaves his wife, a son, three daughters, including Mrs.

Maurice Loeb and Mrs. Emanuel Baker Hoffman, of Williston, L. and a brother. He was the brother of the late Dr. S.

James Meltzer, head of bacteriological and cological departments of the Rockefeller Institute of New York. THEODORE TAYLOR Former Boro Resident Dies in His "Mount Vernon Home. Theodore, Taylor, 79, last surviving member of the first Board of Aldermen to serve in the town. of Mount Vernon, N. died yesterday in his home at Mount Vernon after a long illness.

He was born in Brooklyn, "son of Valentine and Katherine Heisser Taylor. He had lived in Mount Vernon 70 years. He had served on the bi-partisan police commission and was for 8 time its president. He was president of the Lenox Laundry for many years. 12 DIE, 40 SAVED AS FIRE DESTROYS TENEMENT HOUSE Three Firemen Injured Thrilling Rescues at Big Manhattan Blaze.

Firemen and police rescued persons from death in a tire that destroyed a crowded tenement building at 629 Columbus ave Manhattan, early today but residents were trapped and perA ished in the Three firemen were injured. The dead were Christ Spanos, and a "Mrs. Watson." fire was of suspicious origin, Detective William Harris told Fire Brophy. Patrolman Vito. Ferraro diseovered the fire as flames were leaping up the stair well.

It was im possible for him to reach the upper floors of the five-story structure. He turned in the alarm and climbed up building the to front the of the second floor. He walked along a footwide ledge to the burning building and rescued Robert McMarron, 15, and his wife, Margaret, 70, who were almost overcome by smoke: Firemen James Smithwick and John Kelly carried Nicholas Spanos, 34; his wife, Catherine; their daughter, Mary, 9, and brother, Matthew, from top floor apartment. Once on the ground, Nicholas said his father, Christ, was in the apartment. Phones Your order today for RENKEN'S! Superior MILK RENKEN DAIRY CO.

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