Paoli Weekly News, Volume 6, Number 6, Paoli, Orange County, 24 October 1877 — Page 1

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i'HE WEEKLY KEYAS. i I: t! t : i c I s t I Ei r .. JkJ-C 'V tt.tnu ""-' ai; vat; m:::d r t ii i.Ktr'.1 " r - j t r 1 ' t ".t J,. . i ) i,: i d : ".... i I t EL c . . I iu; SKIKK5 A E i, t t i - - 1 v i '' j r i' ' t " - ' VOL. VI. . PAOLI, ORAInGE CO., INDIANA, WEDNESDAY, OCTOBER 24, 1S7T. ,i tli. Ey ti. tJ.-V ; t int ! f -e ti.'iViyi d ly th- wrtt.r. Iavr.rEAly in l.n:: irs t bo :, -i i. - . ; , ; .

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OFFICIAL DIHHCTOnY.

1 f nil if V p.- .'vi J.' l.tt S' TO L Ed I. C . - b a m - - ! r .. -. n- ;.- W t o i v o r f i c rcu s . I.V 011. - T,.-:, es: Al.ra'uam NobV Tl iOinA Hurt, Chrsst"n.n Vro. Tru.tttes: I-r- I. S. Bowles, -as L. Crown, V, rn . i . (.. -..'. rn. f t. T r ,,;. 0rk:J0!m W. Payne. v. r44t: Wilfortl J. HofEgnlt. - ii K .. "jrB5:!f''P':-T.Viltiarn II. Iferryman. Jno t f Jnd. J. i iiamtifon. Trustees: W in . L. ReeJ, E. X), Lftcg-lin, II. A. C. lltroj. T:t r.-irer: James It. ElroJ. Clerk: Town. At I iiri;r: Titos. G. Mahan. -Tbos. N. Tavlor. TDiySSIIIl TR I'STEES. T:-:Vim. J. Throop. t,rt!i East: Jasies M. Ii;tker. U r ! c a na:-0. W . T cjjnr d e n ; I i r a ti p v i lie". J k i n : a i I . ' I a 1 1 1 e r s . North West: -S. IC Mi!)fr. Fr&rsc'a Itck: Yra. C Comwell. J;-.ckson: Christ o p li er Cox, (i !" eld. Vi 1 iisuii Teaford South East: Jaraos M. Summers. .Vttiuiporscrecn: Henry F. Triukle. CiiDliJoTiallian Ik-Vey. N'orlVti-ast John A. Hutchinson. Orleans Aht.-r Free man. Crunoville James A. Jc-nknis. Northwest James A. Uedster. Freach Li. " Anthony Farreil. Green fic-hl Jesse K. Mellon. east Joseph E. Mcintosh. inpevscrcek Georga B. McCoy. TICES OF THE PEACE. i'aoli: Fen, S'tiinon, Mmeon Grcfn. North East: Charles Hidden, J ante a J, i5aksr. Orioana: G. V'. Rice, Chna, Hunger, Jnct:j Staitz. OruK;eTiHe: V.iUiam IE Cowherd. Nyrth West: John E- Payne, Wi i.14 at J ones. Frtich Lick: Jolni K. Jhtvity, Win. '.: !lf;;:i:;. .".itkson: James Piilard, B. F- KobEn. grnfie!l: Albert SrajJieU, Isaac South La.-t:-Jch n II. Euchaiian, Win. K i k . j ai ptfrecrctk: Adam Ti'ihle, Wm. Ii. ! : ..rt'ia, F. A. AND A. Y. 31. PtciH Lo.1!, No. Ill), meets in regular Communication on Friday evenings itferthe fall Mui.n, in rach inoiith, t-.ipi w'liori the rao.ra fulls on Friday, tl.a upon that cvenin ; ana two weei;a ! .rfrtiiter. I. O. O. P. Reliance Lod-2 No. lo Paoli. meets PTtf-ry Mot; day eve :.;,:. I. (). CJ. T. Taoli I.odcr, No. 06a, meets, in Odd Fellows Hail, evr-ry Tuesday evening. i. . w. :e ra!i I.oigi No. 2H, moots in Odd Felh'.wi Halt ertry Tl.ursalay evsninj:. Cilll'ZlClXES laoli. M. E. Churtli Uev. Y. W. Well), Fas- : .r, srvioe at 10 J o'clock I. M. Sun- - -v Oct. :?lst, 1ST", an.l on alternate ths t hr-reuftor Sundav school 1) i. Ml k a. m. every Sabbath. Bible class .. la, and prayer meeting Thur !;,:) ietnti. iVcbbytenan Church llov. Francis M. Sjr.-.ras, Pastor, services Sabbath mornicj 1 evening Mar. 11, 1S17, and on alraat Sabbaths theroftfter. S'-iruiay tciici'ol -vt 2 o'clock r. m. each Sabbath - rav r taee! :s- on iti on VTedne. Saturday eveni lay, fFFEItS hh professional services to h' c'.,'.: r f iV. di an 1 viArdtv. ' Loo. i a tb v -Aj Fast ccrr. cr pulLe yuare. p i r i ft!' 1 F. - v" til ti I ! W' 4 3k , ( .. .. I -

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r:tny r. uritrrtcri ltitnr:i ClSi" l33.::r;iuc' fciii-1 in lit ion. .Milwaukel, Sept. 1, 1S77. lion. II. L. Palmer, President Sir: In the lung and disastrous depression of commercial and industrial interests, with its inevitable entailment of financial embarrassment and lc, and its wide-spread depreciation of equity and cush vaiuea so seriously affecting every section, of the country, it v:v? not to be expected that the business of life insurance would escape the trying ordeal. The very magnitude of its interests, the varied character' of its trusts, and their vital relation to the peace and prosperity of millions of people, to say nothing of the many unfortunate breaches of good faith and integrity in their observance, have necessarily involved its management in more or less of public criticism and distrust. But, fortunately, the latter contingency has prompted greater vigilance and more economic methods of administration, while the standards of solvency and safety have been subjected to a censorship in all respects more thorough, exacting and circumstantial. Irrespective of existing financial emergencies,, however, the sifting pro cesses of this regime are as justly and properly applicable to the strong and solvent as to the weak and worthless. And besides, most of the life insurance companies throughout the country have been already brought to its tests, and within a few months at farthest the remainder will have passed examination. Hence, the official examination of the Northwestern Mutual Life Insurance Company, initiated by the Insurance Department of Maryland, and participated in, on invitation of the managers of the company, by those of Wisconsin, Massachusetts, Illinois and New York, may be as welcome and reassuring to its members and policy-holders as it is satisfactory to those immediately engaged in eliminating the results communi cated in this report. The character and extent of the company's large volume of business, the nature and condition of its investments and other important trusts, involving direct fiscal relations with the people of more than half the States of the Union, the notable tact that its affairs have never tHl now been official ly investigated by any insurance department or State authority, together with the unsettled condition of life insurance and the prevailing distrust in its security, as a great public resource and bene faction, were among the very potent reasons for this examination. To its managers, who have sought and desired the most searching investigation, many thanks are due for the - promptness and courtesy with which they have contributed every needed facility for its successful aceom plisnmeat. ASSETS. Hi-at e-t a uCt py o fII CO a t T3SS 4:W,ts3 W ii.r-4fuo-s r5 I 5V.177 i I !( a ,:.:ti ci on- ' .'ivnV-tc 1' i t. i t ( i it i n;:: - , i ... -IF

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of loan. , ihe margin of security ii?nf.ars In every Int-Miei to n-e I'U'J l.irtiy m excess ex tnrt required by the insurance laws, of the different Stales, being in the aggregate nearly four times greater than the whole amount thus loaned. But in view of the present depreciated value of real estate, and the existing distrust In the solvency of life insurance companies, the Examining Commission have caused a revaluation of all the real estate on which the company has placed its loans. The revaluation has been made 'entirely independent ef of the company or its managers by competent and experienced appraisers appointed by the Commission in each of the seventeen States in which the loans are distributed, tinder this new ap praisement the value of the property, except in few cases, is found to be double or more Jhan double the amount of loans thereon; the gross being $34,251,405 00, or very nearly three times the amount of such loans. An examination of the company's books disclose the fact that, as a rule, the interest on these loans has been paid with great promptness, and that in case of default the mortgage has gone to foreclosure. The accrued interest accounts in this and other departments have been carefully computed, and the results appear in the statement of assets. The bonds owned by the company have been examined and verified at market rates as of July 1, 1877. These amount in all to $810,420 00. The company's real estate is the building and land which it occupies in the city of Milwaukee. This has been valued by the Commission upon the best information accessible at the sum of $250,000, the same value as fixed by the company, which is nearly $75,000 less than its original cost. An item of -Special Real Estate' purchased under foreclosure has been valued by the Commission in the same manner, and by the same parties who appraised the real estate mortgage to the company. The valuation of this class of prop-1 erly amounts to $4'J0,GS3. ITwKMIUM XOTKS, OUTSTANDING AND DEFEHED PREMIUMS, ETC. It will be seen that the premium notes now held by tiie company amounting to $3,53o,95 94 constitute about one-fifth of Its entire assets. Prior to 1S72, the company accepted somewhat mure than onethird of its premiums in that class of securities. These notes have been personally examined and verified, and have been found in every instance to appertain to policies actually in force, and are therefore a secure and valid asset both as against the policies themselves and their .computed premium reserves. In this connection the company's loans on potioies in force have been invariably found to cover only a limited portion of the reserve in each case, and are therefore equally safe. It is also found that all premium notes with secured interest, if any, thereon, are deducted from policy clams when the latter became i aide, e t:h u- , heir. ? of itself an additional guarantee of therep-r-ak I ..E:s cf the iiutc, : s a!-o ...1 ii. i i.. ::: L ; rs of 11.3 com--..'!-;-.::!t- I ive t a c-x-r . E, li i by P. ' i, r - I V..-.lr etrb' . fliy It h :t !.'.,! il.-ir.j i:. tv.,: ap- . .r?in b.Eh tb r. rv ; c v ray ipnlEy i J. c t ! r, r"y i a r-' 1 ti It! .:E:' a t. ' 1 u . ..i.il : - b " tb A t" r r ru E I i (ftI

and ether t wis of the company covering a peri-ad of -eix or seven are invested at an annual average f years, has shown that only reasoninterest of about eight per cent., able salaried aro paid' to its oflleers the surplus interest beyond the j and employes, and that no officer the $312,000 required on a four per j receives, directly or indirectly, cent, reserve, this being the stand-1 any compensation whatever, con-

ard followed by the catnpany, will probably aggregate for the present year nearly or quite $'$00,000. On a four and a half per cent, reserve, the standard of Maryland, Wisconsin, New York, Pennsylvania, Ohio and many other States, the surplus will be measurably Increased, showing a tofal as regards peli-cy-hoiders of about ? 1,100,000 00 more than the exacting valuation here reported a fact which will propably receive due consideration by policy-holders resident in those States. After making all proper allowances for depreciation in values and excluding every asset f ques tionable worth, the company's present surplus, as regards policyholders, $2,887,285 62 over a four per cent, reserve; and on a four and a half per cent, reserve, such surplus would be increased to about $3,9S7,S5 62 an amount which very conclusively exhibits its financial status and ability. Nearly half tha surplus is annually set apart to be distributed as return premiums or dividends to policy holders. In consideration of the many possible contingencies liable to occur in any year, buch as unusual mortality, unexpected losses, reduction of income, etc., the division of surplus seems to have been as liberal as. prudence and equity would warrant the dividends actually paid on individual policies appearing to be un usually large. The number of polices in force at the date named was 85,909, cov ering an aggregate risk of $86,S32,0G2. The premium reserve on these policies has been so carefully computed under our direction by experienced actuaries, not connected with the company, that there can be no question as to its accuracy. As a matter of information, it may be proper to state here, that in July, 1S75, this company assumed the risks of the Minnesota Mutual Life Insurance Company, j amounting to $1,100,000, on some twelve hundred lives. Every policy-holder included in this arrange ment assented thereto, and every policy so assumed has been valued as of age and date of issue, and its original conditions and all rights connection therewith have been faithfully observed. INCOMES, EXPENDITURES, ETC. The gross income of the company for the first six months of the current year was $1,729,379, the average annual amount for the last five years having been $3,614,508. About five-eights of the present income accrues from premium receipts, and the balance from interest and rents. As indicating the character of the company's investments and the largest ' interest thereon, it may be mentioned that the interest receipts have been much more than suScient to pay its death losses and working expenditure for several years past. A little more than one-tenth of the annual income Is absorbed in the working expenditure cf the company. With the very - moderate co:up;n-.tion paid to agents, ai.d t!.j i.i.-.:::tJ owrier:-h3p by the com r any ct f-rty-one per cent, cf its La -ir.crs on which commissions Eavj 1 ctiruLI.cJ, tij cc-:t c f c j i c v. t. L, a i s r c .1 u d t o a m I n iniir.i r:.i;a. TI U".:;;'; . . vtioi cf ri-:il:, E:1 tr.nAu:.; etI .a.res, as ,-r II ;3 commissions end s.'.E.iE j, a:.. ; .'.3 tj i.b c" :i :.r C...A. eft! t. p-L-iEb-i c:J Is, t! - c :t :: -Ai aver,;i::g but a E. A A , octrsir i.r 1 a L ;!f m-C-.i: " c 4

tinsent on the business done, or

by way of commission on surplus, or in any other mariner than by fixed talary established annually by the Board of Trustees. CONCLUSION". It is due to the company to state that its books and accounts in every department of its business show a degree Of accuracy not easily surpassed. In the actuarial department the record books and all details of account could not be more satisfactorily kept. Tho system of accountability and accuracy throughout finds unqualified approval. Jesse lv. II inks. Insurance Com. for Maryland. Peter Doyle, Sec. of State and ex-ofScio Com. of Ins. of Wisconsin. S. II. Rhodes, Insurance Com'iss'er of Mass. Joan F. Smytii, Supt. of Ins., of New York. T. 13. Needles, Aud'r P. A., and ex-ofScio Ins. Cora, of IllinoiSi Tribiit f Respect. At a meeting of Cane Branch Grange, No. 1S20 P. of II, held Aug. 15, 1877 the following preamble and resolutions were adopted"; Whereas, It pleased the heavenly Father in the dispensation of an all wise providence to remove from our midst by the hand of death our beloved brother, Doctor F. Enio7j therefore be it liesvlveci, That we bow with humble resignation to the power ful hand of him who doelh all things well, with christian confidence, believing that our loss i3 his eternal gain. llesolved. That though we shall see his face no more on earth we shall ever keep in remembrance the kind genial disposition of our beloved brother. Resolved, That in the death of Brother Enlow, his wife has lost a kind husband and the children an affectionate father and the Grange an earnest member. Resolved, That we sincerely and most affectionately sympathize with the mourning friend3 and family in their sad bereavement and especially with the wife and fatherless children in the hour of their affliction and irrepairable loss. But let us say as one of old: 'The Eord gave and the Lord hath taken away and blessed be the name of the Lord." Resolved, That a copy of these resolutions be kept in the Grange, copy handed to the wife of the deceased and a copy sent to the Paoli Weekly News and Republican for publication. ' . Wm. McDonald, Wm. EE P. Palmer, Wm. 31. Kendall, Committee. They had been married about three months. The boy from the store appeared with a note from the husband. She clutched the preeipusjmessage with an eager hand, tremblingly opened It, and read; "Dear Wife C end me a poek-ct-hanctkcrch;:f. "John." She . cat c.'.3.,ly to the drawer to et the desired article, and, while lc'kin' for it, she c. mo aero " s the E.E swing note, dated two w:c'.:s afEr tE3 ve.EErg. ''Junlictit- ot My Eoul Yon will b.'.ve to s u I i. j . 1. -.roEa rcLEA Ye r f urnsi I'-'.y I. " ", t t . r - : ' 1 -n j X f o t v o i. cf r-.y o It) 1 t 'i r, a t the - 1 V.: ;. i t. "i e I I ... - : l EE - s r.-" III I 1 . U I ., r. 1 if ti t. ;o .! ill

Tcaclici 3 C I ) I rr p r;i!E:::. - BY W. R. MATTO.X. fCoucln.tct.1 Let us notice the character of this class of teachers, us well as the kind of Work they are aide to do. Observe one as heroines forth into his field of labor. He holds a six month's license which he merited (?) after going two or three Vunes before tha County Superin

tendent, lie Is a veteran in the cause. He has been' keeping school for years! And ho always comes with a six month's license. Ilia long experience in thewoik excuses him from our Normal Schools and institutes. He lias his own way of doing business, and is hot disposed to reveal the secret. The time" he ought to spend in storing his mind with new ideas, to take fresh into his school he spends in getting ready to teach, as he calls it. Notice him as he comes forth on the first day of school, like it ground hog on the fouiteenth day of February. Itusty and embarrassed he steps into the school room, throws off his general purpose coat and robes himself with the teacher's garment. The harness don't tit. He feels unnatural, uneasy and restless. He meets a group of children all in a new element like himself. They are embarrassed and excited; the confusion Is f?eneral aral intense, but gradually subsides as he tries this thing and that to pacify his school and wear off his own embarrassment. If he should be unacquainted with his pupils his first day's work will have much to do in forming their opinion of him and in determining his success in governing and advancing his school. He begins his work, throws open the rusty door of his tiny store-house of knowledge, and finds his goods moulded damaged and out of fashion. It is his old stock that he has kept ov?r from year to year. If h6 has ever taught there before, so much the worse for him and his unfortunate School. They are well acquainted with Ids stock. They have heard it o'er and o'er, and how his little stock has become ('a perfect Iittlo bore." They are gorged with it, and their mental appetites crave something fresh. But they cannot hopo to get it, for this is his only stock in store. His thoughts never go beyond the narrow bounds of his feeble text. He looks no farther than his short arm can reach. He can direct no farther than he sees. He Is in the rut and cannot get out. We think we have not exaggerated the picture. Can such a teacher give to his school that healthy tone and instill into it that spirit of enthusiasm which it ought to have? Can the teacher who feels satisfied with his little, imperfect knowledge of the text books, and can lie down on bis easy bed at night feeling that all is well; that he has nothing to do; can such a teacher give- to his pupils that never-tiring zeal; that spirit of thorough investigation; that longing desire fat knowledge; that spirit of competition and rivalry; that grand aspiration to dimh high, to be noble, to honor themselves and to benefit society that they should have? .No, "The stream cannot rise higher than the fountain." Ti o tac:;ht c v-.mt "1 E s tc -.fb-er. With z:ia E.E.crs r.dE--, is it stiari'i tbt cr, cr t. 0 ; A.'Hd 5 in a phv. j are t: r.ourr'v fur a tc .cd er? ls It m t t!: 1 A f..edi -En;-1 i ) Lave a teacher c .me int- our school and t.H tn the r;.nc cEl A'.:ry year afEr y, r. n ardiJEt'.. for to:- rrt 5 n on t! ? r"T I r.i .1 ! .r- ' 1 e I - j el y. 4,4 ft f r tb :rue t .1 Tg-.u-' tr T;i,.' : e i t' t tl 'J ,.r t on i ' ' ' " tf i(b e d illy i . ; LAin t r ' tl T .. i. t ? . r i s .

dry i. ,. lied to loner as the shadow of a doubt exists respecting the setisj cf the lesson. Let htm show to his school that there are many thing; to be learned in the school room4 and many more things 16 ba learns ed out of it. Let him brighten Lis intellect, store his mind with new and grand Ideas, and in connection with his school work pursue systematically some carefully arranged course of study. If this were done lor ten or ' fifteen years (and there is n j just reason why it should not b done) what intellectual growth, what love thd profesu sion, and languages and sciences might be acquired. The teacher must be industrious; ho must, If he would have his profession an honorable one, make it so. If hd would have his scholars thoughtful, earnest, klndhearted and truth-' fuJ he must be so himself. "For as the teacher, so is the schoul." He should be ever growing; unabridged and ready to give information respecting any. subject that may chance to come before him This is what the people expect of iiim, and it is what they Should find in him. The questiOri might be' asked docs tho first class teach-; er need this daily preparation? I answer yes. So soon as we fail to make daily preparation we cease to be a first class teacher. And we can either swing to the tail cud of out ' profession or very dishoa orab'y pull off. Tdie teacher has no more right to think because ho understands the common school curriculum that he is art accouu plished teacher, than the blacksmith would have to suppose that because he can nail on a horse-shoo or sharpen a plow that he is therefore an accomplished silversmith, though he has never seen- inside of a watch and knows no more a ho at the minute wheels and the relation that they bear to each other iii keeping' correct time than many of our teachers know about th different faculties of the mind, what ones should De exercised first, and why. Each day's work should be so prepared that the thought of yesterday's lesson may connect with to-day sd as to mako a well connected chain of svorK. The pupils will then bo able to judge from to-day what is coming to-morrow, and prepare their work accordingly. How many teachers go before . their classes without ever thinking what relation the present lesson bears to tha one that has preceded it, and begin to teach heller skelter without system or purpose. The effect of such teaching is to create a momentary excitement in the class, but the work is disconnected from, any thing that has proceeded it or comes after it and the result is worse than a failure. Besides ' thd daily preparation of his lessons, the teacher should cultivate h'm moral faculties and strive tOseeurd strict morality in his school. By setting the example , himself and zealously watching and suppressing every appearance of evil, he will soon find that he has approximated a moral standard not to be ashamed of. Let him each day select and read a portion cf ;eripture to bis school. And if b. -EouM feel dEpo-sed to E.-Av.-- tb- i b -Ing of God ut Dn himself and school it can but E:.ve a goo t m -.r- . rdinC: He b, s; -ill.: .ii..... i:i -:re i. ;:ri in r. way i.-ti n. Le s " ""z ' -i ve sort! j jrood to thu-o ur T rh:i jrE-:n 5-th M the ; A- -1 r ri r.r.d r-;t bf it. tbi tim I; ;-fn v, b; i tru"- tro-:"!i-ty er 1 r V. : i v.. y ; E.b i. 1 a r t ; , t ' . t i'l f 1. ' t " t ' I la LI ; X cr Lai '."A i for E

u.